Document:

Indenture

 Exhibit 4.1 

 
  

 
 CNO FINANCIAL GROUP, INC.

 as Issuer 
 THE SUBSIDIARY GUARANTORS PARTIES 
 HERETO 

9.00% Senior Secured Notes due 2018 

 
 INDENTURE

 Dated as of December 21, 2010 

 
 WILMINGTON TRUST
FSB 
 as Trustee 
 and 
 as Collateral Agent 

 
  

 

 CROSS-REFERENCE TABLE 

 

			
	  TIA Section	  	Indenture Section
	303	  	1.4
	310 (a)(1)	  	7.9
	       (a)(2)	  	7.9
	       (a)(3)	  	N.A.
	       (a)(4)	  	N.A.
	       (a)(5)	  	7.9
	       (b)	  	7.9
	       (c)	  	N.A.
	311 (a)	  	7.11
	       (b)	  	7.11
	       (c)	  	N.A.
	312 (a)	  	2.5
	       (b)	  	12.18
	       (c)	  	12.18
	313 (a)	  	7.12
	       (b)	  	7.12
	       (b)(1)	  	7.12
	       (b)(2)	  	7.6; 7.12
	       (c)	  	7.12; 12.1
	       (d)	  	7.12
	314 (a)	  	3.2; 12.1; 12.3
	       (a)(4)	  	3.13; 12.3
	       (b)	  	11.5
	       (b)(2)	  	11.5
	       (c)(1)	  	12.2
	       (c)(2)	  	12.2
	       (c)(3)	  	11.5
	       (d)	  	N.A.
	       (e)	  	12.2; 12.3
	       (f)	  	N.A.
	315 (a)	  	7.1(b); 7.2
	       (b)	  	7.5; 12.1
	       (c)	  	7.1(a)
	       (d)	  	7.1(c)
	       (e)	  	6.11
	316 (a) (last sentence)	  	N.A
	       (a)(1)(A)	  	6.5
	       (a)(1)(B)	  	6.4
	       (a)(2)	  	N.A.
	       (b)	  	6.7
	       (c)	  	2.15
	317 (a)(1)	  	6.8
	       (a)(2)	  	6.9
	       (b)	  	2.4
	318 (a)	  	12.17
	       (c)	  	12.17

 N.A. means Not Applicable. 

Note: This Cross-Reference Table shall not, for any purposes, be deemed to be part hereof. 

  
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 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	Definitions and Incorporation by Reference	  
			
	 SECTION 1.1.
	 	 Definitions
	  	 	1	  
	 SECTION 1.2.
	 	 Other Definitions
	  	 	36	  
	 SECTION 1.3.
	 	 Rules of Construction
	  	 	37	  
	 SECTION 1.4.
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	37	  
	
	ARTICLE II	  
	
	The Notes	  
			
	 SECTION 2.1.
	 	 Form and Dating
	  	 	38	  
	 SECTION 2.2.
	 	 Form of Execution and Authentication
	  	 	40	  
	 SECTION 2.3.
	 	 Registrar and Paying Agent
	  	 	40	  
	 SECTION 2.4.
	 	 Paying Agent to Hold Money in Trust
	  	 	41	  
	 SECTION 2.5.
	 	 Lists of Holders of the Notes
	  	 	41	  
	 SECTION 2.6.
	 	 Transfer and Exchange
	  	 	41	  
	 SECTION 2.7.
	 	 Replacement Notes
	  	 	49	  
	 SECTION 2.8.
	 	 Outstanding Notes
	  	 	50	  
	 SECTION 2.9.
	 	 Treasury Notes
	  	 	50	  
	 SECTION 2.10.
	 	 Temporary Notes
	  	 	50	  
	 SECTION 2.11.
	 	 Cancellation
	  	 	50	  
	 SECTION 2.12.
	 	 Payment of Interest; Defaulted Interest
	  	 	50	  
	 SECTION 2.13.
	 	 CUSIP Numbers
	  	 	51	  
	 SECTION 2.14.
	 	 Reserved
	  	 	52	  
	 SECTION 2.15.
	 	 Record Date
	  	 	52	  
	
	ARTICLE III	  
	
	Covenants	  
			
	 SECTION 3.1.
	 	 Payment of Notes
	  	 	52	  
	 SECTION 3.2.
	 	 Reports
	  	 	52	  
	 SECTION 3.3.
	 	 Limitation on Indebtedness
	  	 	53	  
	 SECTION 3.4.
	 	 Limitation on Restricted Payments
	  	 	58	  
	 SECTION 3.5.
	 	 Limitation on Liens
	  	 	63	  
	 SECTION 3.6.
	 	 Limitation on Restrictions on Distributions from Restricted Subsidiaries
	  	 	63	  
	 SECTION 3.7.
	 	 Limitation on Sales of Assets and Subsidiary Stock
	  	 	65	  
	 SECTION 3.8.
	 	 Limitation on Affiliate Transactions
	  	 	68	  
	 SECTION 3.9.
	 	 Change of Control
	  	 	69	  
	 SECTION 3.10.
	 	 Future Subsidiary Guarantors
	  	 	71	  
	 SECTION 3.11.
	 	 Limitation on Lines of Business
	  	 	72	  
	 SECTION 3.12.
	 	 Effectiveness of Covenants
	  	 	72	  
	 SECTION 3.13.
	 	 Compliance Certificate
	  	 	73	  

  
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	 SECTION 3.14.
	 	 Statement by Officers as to Default
	  	 	73	  
	 SECTION 3.15.
	 	 Payment for Consents
	  	 	73	  
		
	ARTICLE IV	  			
	
	Successor Company and Successor Guarantor	  
			
	 SECTION 4.1.
	 	 When Company May Merge or Otherwise Dispose of Assets
	  	 	73	  
	 SECTION 4.2.
	 	 When a Subsidiary Guarantor May Merge or Otherwise Dispose of Assets
	  	 	75	  
	
	ARTICLE V	  
	
	Redemption of Notes	  
			
	 SECTION 5.1.
	 	 Optional Redemption
	  	 	76	  
	 SECTION 5.2.
	 	 Election to Redeem; Notice to Trustee of Optional Redemptions
	  	 	77	  
	 SECTION 5.3.
	 	 Selection by Trustee of Notes to Be Redeemed
	  	 	77	  
	 SECTION 5.4.
	 	 Notice of Redemption
	  	 	77	  
	 SECTION 5.5.
	 	 Deposit of Redemption Price
	  	 	78	  
	 SECTION 5.6.
	 	 Notes Payable on Redemption Date
	  	 	78	  
	 SECTION 5.7.
	 	 Notes Redeemed in Part
	  	 	79	  
	
	ARTICLE VI	  
	
	Defaults and Remedies	  
	 SECTION 6.1.
	 	 Events of Default
	  	 	79	  
	 SECTION 6.2.
	 	 Acceleration
	  	 	81	  
	 SECTION 6.3.
	 	 Other Remedies
	  	 	82	  
	 SECTION 6.4.
	 	 Waiver of Past Defaults
	  	 	82	  
	 SECTION 6.5.
	 	 Control by Majority
	  	 	82	  
	 SECTION 6.6.
	 	 Limitation on Suits
	  	 	83	  
	 SECTION 6.7.
	 	 Rights of Holders to Receive Payment
	  	 	83	  
	 SECTION 6.8.
	 	 Collection Suit by Trustee
	  	 	83	  
	 SECTION 6.9.
	 	 Trustee May File Proofs of Claim
	  	 	83	  
	 SECTION 6.10.
	 	 Priorities
	  	 	84	  
	 SECTION 6.11.
	 	 Undertaking for Costs
	  	 	84	  
	
	ARTICLE VII	  
	
	Trustee	  
			
	 SECTION 7.1.
	 	 Duties of Trustee
	  	 	84	  
	 SECTION 7.2.
	 	 Rights of Trustee and Collateral Agent
	  	 	86	  
	 SECTION 7.3.
	 	 Individual Rights of Trustee
	  	 	87	  
	 SECTION 7.4.
	 	 Disclaimer
	  	 	87	  
	 SECTION 7.5.
	 	 Notice of Defaults
	  	 	88	  
	 SECTION 7.6.
	 	 Compensation and Indemnity
	  	 	88	  
	 SECTION 7.7.
	 	 Replacement of Trustee
	  	 	89	  
	 SECTION 7.8.
	 	 Successor Trustee by Merger
	  	 	89	  

  
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	 SECTION 7.9.
	 	 Eligibility; Disqualification
	  	 	90	  
	 SECTION 7.10.
	 	 Limitation on Duty of Trustee and Collateral Agent in Respect of Collateral; Indemnification
	  	 	90	  
	 SECTION 7.11.
	 	 Preferential Collection of Claims Against the Company
	  	 	90	  
	 SECTION 7.12.
	 	 Reports by Trustee to Holders of the Notes
	  	 	90	  
	
	ARTICLE VIII	  
	
	Discharge of Indenture; Defeasance	  
			
	 SECTION 8.1.
	 	 Discharge of Liability on Notes; Defeasance
	  	 	91	  
	 SECTION 8.2.
	 	 Conditions to Defeasance
	  	 	92	  
	 SECTION 8.3.
	 	 Application of Trust Money
	  	 	93	  
	 SECTION 8.4.
	 	 Repayment to Company
	  	 	93	  
	 SECTION 8.5.
	 	 Indemnity for U.S. Government Obligations
	  	 	93	  
	 SECTION 8.6.
	 	 Reinstatement
	  	 	93	  
	
	ARTICLE IX	  
	
	Amendments	  
			
	 SECTION 9.1.
	 	 Without Consent of Holders
	  	 	94	  
	 SECTION 9.2.
	 	 With Consent of Holders
	  	 	95	  
	 SECTION 9.3.
	 	 Effect of Consents and Waivers
	  	 	97	  
	 SECTION 9.4.
	 	 Notation on or Exchange of Notes
	  	 	97	  
	 SECTION 9.5.
	 	 Trustee and Collateral Agent To Sign Amendments
	  	 	97	  
	 SECTION 9.6.
	 	 Compliance with Trust Indenture Act
	  	 	97	  
	
	ARTICLE X	  
	
	Subsidiary Guarantee	  
			
	 SECTION 10.1.
	 	 Subsidiary Guarantee
	  	 	97	  
	 SECTION 10.2.
	 	 Limitation on Liability; Termination, Release and Discharge
	  	 	99	  
	 SECTION 10.3.
	 	 Right of Contribution
	  	 	100	  
	 SECTION 10.4.
	 	 No Subrogation
	  	 	100	  
	
	ARTICLE XI	  
	
	Collateral and Security	  
			
	 SECTION 11.1.
	 	 The Collateral
	  	 	100	  
	 SECTION 11.2.
	 	 Further Assurances
	  	 	101	  
	 SECTION 11.3.
	 	 Release of Liens on the Collateral
	  	 	102	  
	 SECTION 11.4.
	 	 Authorization of Actions to Be Taken by the Trustee or the Collateral Agent Under the Collateral Documents
	  	 	103	  
	 SECTION 11.5.
	 	 Recording, Registration and Opinions
	  	 	105	  

  
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	 ARTICLE XII
	   

	
	Miscellaneous	  
			
	 SECTION 12.1.
	 	 Notices
	  	 	106	  
	 SECTION 12.2.
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	107	  
	 SECTION 12.3.
	 	 Statements Required in Certificate or Opinion
	  	 	107	  
	 SECTION 12.4.
	 	 When Notes Disregarded
	  	 	107	  
	 SECTION 12.5.
	 	 Rules by Trustee, Paying Agent and Registrar
	  	 	108	  
	 SECTION 12.6.
	 	 Days Other than Business Days
	  	 	108	  
	 SECTION 12.7.
	 	 Governing Law
	  	 	108	  
	 SECTION 12.8.
	 	 Waiver of Jury Trial
	  	 	108	  
	 SECTION 12.9.
	 	 No Recourse Against Others
	  	 	108	  
	 SECTION 12.10.
	 	 Successors
	  	 	108	  
	 SECTION 12.11.
	 	 Multiple Originals
	  	 	108	  
	 SECTION 12.12.
	 	 Table of Contents; Headings
	  	 	108	  
	 SECTION 12.13.
	 	 Direction by Holders to Enter into Collateral Documents and the Intercreditor Agreement
	  	 	108	  
	 SECTION 12.14.
	 	 Force Majeure
	  	 	108	  
	 SECTION 12.15.
	 	 USA Patriot Act
	  	 	109	  
	 SECTION 12.16.
	 	 Trust Indenture Act Controls
	  	 	109	  
	 SECTION 12.17.
	 	 Communication by Holders of Notes with other Holders of Notes
	  	 	109	  
	 SECTION 12.18.
	 	 Subject to Intercreditor
	  	 	109	  
	 SECTION 12.19.
	 	 By accepting a Note, each Holder is deemed to have authorized and directed the Trustee and the Collateral Agent, as
applicable, to enter into the Collateral Documents the Intercreditor Agreement and to be subject to the terms thereof.
	  	 	109	  

 EXHIBITS 

 

			
	EXHIBIT A	  	Form of Note
	EXHIBIT B	  	Form of Certificate of Transfer
	EXHIBIT C	  	Form of Certificate of Exchange

  
 -v-

 INDENTURE, dated as of December 21, 2010 (this “Indenture”), among CNO
FINANCIAL GROUP, INC., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), certain subsidiaries of the Company from time to time parties hereto (the “Subsidiary
Guarantors”) and WILMINGTON TRUST FSB, as trustee (together with its successors and assigns, in such capacity, the “Trustee”) and as collateral agent (together with its successors and assigns in such capacity, the
“Collateral Agent”). 
 Recitals of the Company 

Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Notes:

 ARTICLE I 
 Definitions and Incorporation by Reference 
 SECTION 1.1.
Definitions. 
 “144A Global Note” means a Global Note substantially in the form of
Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the
outstanding principal amount of the Notes sold in reliance on Rule 144A. 
 “Acquired Indebtedness” means, with
respect to any Person, Indebtedness (1) of a Person or any of its Subsidiaries existing at the time such Person is merged or consolidated with the Company or a Restricted Subsidiary or becomes a Restricted Subsidiary or (2) assumed in
connection with the acquisition of assets from such Person, in each case whether or not Incurred by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary or such acquisition, and
Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. Acquired Indebtedness shall be deemed to have been Incurred, with respect to clause (1) of the preceding sentence, on the date such Person is merged or
consolidated with the Company or a Restricted Subsidiary or becomes a Restricted Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such acquisition of assets. 

“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. 

“Agent” means any Registrar, Paying Agent or co-registrar. 

“Aggregate RBC Ratio” means, with respect to the Insurance Subsidiaries taken as a whole, on any date of determination,
one-half of the ratio (expressed as a percentage) of (a) the aggregate “Total Adjusted Capital” (as defined by each relevant Insurance Subsidiary’s Department) for the Insurance Subsidiaries to (b) the aggregate
“Authorized Control Level Risk-Based Capital” (as defined by each relevant Insurance Subsidiary’s Department) for the Insurance Subsidiaries. 
 “Annual Statement” means the annual statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its
jurisdiction of 

 
incorporation, which statement shall be in the form required by such Insurance Subsidiary’s jurisdiction of incorporation or, if no specific form is so required, in the form of financial
statements permitted by such insurance commissioner (or such similar authority) to be used for filing annual statutory financial statements and shall contain the type of information permitted or required by such insurance commissioner (or such
similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith. 
 “Applicable
Authorized Representatives” shall have the meaning assigned to such term in the Intercreditor Agreement. 

“Applicable Premium” means, as determined by the Company with respect to a Note on any Redemption Date, the greater of:

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

(2) the excess, if any, of (a) the present value as of such Redemption Date of (i) the redemption price of such
Note on January 15, 2014 as set forth in Section 5.1(a), plus (ii) the remaining scheduled interest payments due on such Note through January 15, 2014 (excluding accrued but unpaid interest to the Redemption Date),
computed using a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points, over (b) the then outstanding principal of such Note. 
 “Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary that apply to such
transfer or exchange or for other procedural matters. 
 “Asset Acquisition” means (1) an Investment by
the Company or any Restricted Subsidiary in any other Person pursuant to which such Person shall become a Restricted Subsidiary or shall be consolidated or merged with the Company or any Restricted Subsidiary or (2) the acquisition by the
Company or any Restricted Subsidiary of assets of any Person. 
 “Asset Disposition” means any sale, lease,
transfer, issuance or other disposition, or a series of related sales, leases, transfers, issuances or dispositions that are part of a common plan, of shares of Capital Stock of a Restricted Subsidiary, including any transaction pursuant to a
Reinsurance Agreement (other than directors’ qualifying shares or local ownership shares) (it being understood that the Capital Stock of the Company is not an asset of the Company), property or other assets (each referred to for the purposes of
this definition as a “disposition”) by the Company or any of its Restricted Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction. 

Notwithstanding the preceding, the following items shall not be deemed to be Asset Dispositions: 

(1) a disposition of assets by a Restricted Subsidiary to the Company or by the Company or a Restricted Subsidiary to a
Restricted Subsidiary; 
 (2) the disposition of Cash Equivalents in the ordinary course of business or the
voluntary termination of Hedging Obligations; 
 (3) a disposition of inventory in the ordinary course of
business; 

  
 -2-

 (4) a disposition of used, obsolete, worn out, damaged or surplus equipment
or equipment or assets that are no longer used or useful in the conduct of the business of the Company and its Restricted Subsidiaries and that is disposed of in each case in the ordinary course of business; 

(5) the disposition of all or substantially all of the assets of the Company in a manner permitted pursuant to Article
IV or any disposition that constitutes a Change of Control; 
 (6) an issuance of Capital Stock by a
Restricted Subsidiary to the Company or to a Restricted Subsidiary; 
 (7) for purposes of
Section 3.7 only, the making of a Permitted Investment or a disposition subject to Section 3.4; 
 (8) dispositions of Capital Stock of a Restricted Subsidiary or property or other assets in a single transaction or a series of related transactions with an aggregate Fair Market Value of less than $2.5
million; 
 (9) the creation of a Permitted Lien and 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 in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements; 

(11) the licensing or sublicensing of patents, trade secrets, know-how and other intellectual property, know-how or other
general intangibles and licenses, leases or subleases of other property which do not materially interfere with the business of the Company and its Restricted Subsidiaries as operated immediately prior to the granting of such license, lease or
sublease; 
 (12) to the extent allowable under Section 1031 of the Code, any exchange of like property for
use in a Related Business; 
 (13) foreclosure on assets or transfers by reason of eminent domain; 

(14) any sale of Capital Stock, Indebtedness or other securities, of an Unrestricted Subsidiary; 

(15) a Sale/Leaseback Transaction that is made for cash consideration in an amount not less than the cost of the
underlying fixed or capital asset and is consummated within 180 days after the Company or any Restricted Subsidiary acquires or completes the acquisition of such fixed or capital asset; 

(16) the receipt by the Company or any Restricted Subsidiary of any cash insurance proceeds or condemnation award payable
by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their respective property or assets; 
 (17) operating leases in the ordinary course of business; 

  
 -3-

 (18) the surrender or waiver of contract rights or litigation rights or the
settlement, release or surrender of tort or other litigation claims of any kind; 
 (19) the contribution of any
real property (including, without limitation, land, buildings and fixtures) by the Company or any of its Restricted Subsidiaries to a pension plan to satisfy funding obligations of the Company or any of its Restricted Subsidiaries under such plan;

 (20) the transfer of improvements, additions or alterations in connection with the lease of any property;

 (21) Dispositions of Investments by any Insurance Subsidiary (other than any of its Investments in
Subsidiaries engaged in insurance lines of business) in the ordinary course of business consistent with past practices and the investment policy approved by the Board of Directors of such Insurance Subsidiary; 

(22) Dispositions by Insurance Subsidiaries pursuant to Reinsurance Agreements so long as such disposition is entered into
in the ordinary course of business for the purpose of managing insurance risk consistent with industry practice; 

(23) Dispositions of shares of Capital Stock in order to qualify members of the Board of Directors or equivalent governing
body of the Company or a Subsidiary Guarantor or such other nominal shares required to be held other than by the Company or a Subsidiary Guarantor, as required by applicable law; and 

(24) the sale and leaseback of the Company’s headquarters located in Carmel, Indiana, on fair and reasonable terms
(as certified to the Trustee in an Officers’ Certificate). 
 “Attributable Indebtedness” in respect of a
Sale/Leaseback Transaction means, as at the time of determination, (1) if such Sale/Leaseback Transaction does not constitute a Capitalized Lease Obligation, the present value (discounted at the interest rate implicit in the transaction) of the
total obligations of the lessee for rental payments during the remaining term of the lease included in such Sale/Leaseback Transaction (including any period for which such lease has been extended), determined in accordance with GAAP or (2) if
such Sale/Leaseback Transaction constitutes a Capitalized Lease Obligation, the amount of Indebtedness represented thereby will be determined in accordance with the definition of “Capitalized Lease Obligations.” 

“Authorized Representative” means (i) in the case of any Credit Agreement Obligations or the Credit Agreement
Secured Parties, the administrative agent under the New Senior Secured Credit Agreement, (ii) in the case of the Obligations under the Notes or the Secured Parties, the Trustee and (iii) in the case of any Series of Other First Lien
Obligations or Other First Lien Secured Parties that become subject to the Intercreditor Agreement, the Authorized Representative named for such Series of Other First Lien Obligations in the applicable joinder agreement to the Intercreditor
Agreement. 
 “Authentication Order” has the meaning assigned to such term in Section 2.2 hereof.

 “Average Life” means, as of the date of determination, with respect to any Indebtedness or Preferred Stock,
the quotient obtained by dividing (1) the sum of the products of the numbers of years from the date of determination to the dates of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect
to such Preferred Stock multiplied by the amount of such payment by (2) the sum of all such payments. 

  
 -4-

 “Board of Directors” means: 

(1) with respect to a corporation, the Board of Directors of the corporation or (other than for purposes of determining
Change of Control) any committee thereof duly authorized to act on behalf of the Board of Directors with respect to the relevant matter; 
 (2) with respect to a partnership, the Board of Directors of the general partner of the partnership; and 
 (3) with respect to any other Person, the board or committee of such Person serving a similar function. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of a company to have been duly adopted by the Board of Directors of such company and
to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Broker-Dealer” means any broker or dealer registered under the Exchange Act. 

“Business Day” means each day that is not a Saturday, Sunday or other day on which commercial banking institutions in
New York, New York are authorized or required by law to close. 
 “Capital and Surplus” means, as to any
Insurance Subsidiary, as of any date, the total amount shown on line 38, page 3, column 1 (or such other line on which the equivalent information is provided on any other such Annual Statement) of the Annual Statement of such Insurance Subsidiary as
of such date, or an amount determined in a consistent manner for any date other than one as of which an Annual Statement is prepared. 
 “Capital Stock” of any Person means (1) with respect to any Person that is a corporation, any and all shares, interests, rights to purchase, warrants, options, participations or
other equivalents of or interests in (however designated) equity of such Person, including any Common Stock or Preferred Stock, and (2) with respect to any Person that is not a corporation, any and all partnership, limited liability company,
membership or other equity interests of such Person, but in each case excluding any debt securities convertible into any of the foregoing. 
 “Capitalized Lease Obligation” means an obligation that is required to be classified and accounted for as a capitalized lease for financial reporting purposes in accordance with GAAP, and
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. 
 “Cash Equivalents” means: 
 (1) U.S. dollars, or
in the case of any Foreign Subsidiary, such currencies held by it from time to time in the ordinary course of business; 
 (2) securities issued or directly and fully guaranteed or insured by the United States Government or issued by any agency or instrumentality of the United States (provided that the full faith and
credit of the United States is pledged in support thereof), having maturities of not more than one year from the date of acquisition; 

  
 -5-

 (3) marketable general obligations issued by any state of the United States
of America or any political subdivision of any such state or any public instrumentality thereof maturing within one year from the date of acquisition and, at the time of acquisition, having a credit rating of “A” or better from
Standard & Poor’s Ratings Group, Inc. or A2 or better from Moody’s Investors Service, Inc.; 

(4) certificates of deposit, demand deposits, time deposits, eurodollar time deposits, overnight bank deposits or
bankers’ acceptances having maturities of not more than one year from the date of acquisition thereof issued by any commercial bank (x) the long-term debt of which is rated at the time of acquisition thereof at least “A” or the
equivalent thereof by Standard & Poor’s Ratings Group, Inc., or “A” or the equivalent thereof by Moody’s Investors Service, Inc. or (y) the short term commercial paper of such commercial bank or its parent company
is rated at the time of acquisition thereof at least “A-1” or the equivalent thereof by Standard & Poor’s Ratings Group, Inc. or “P-1” or the equivalent thereof by Moody’s Investors Service, Inc., and having
combined capital and surplus in excess of $500 million; 
 (5) repurchase obligations with a term of not more
than seven days for underlying securities of the types described in clauses (2), (3) and (4) above, entered into with any bank meeting the qualifications specified in clause (4) above; 

(6) commercial paper rated at the time of acquisition thereof at least “A-1” or the equivalent thereof by
Standard & Poor’s Ratings Group, Inc. or “P-1” or the equivalent thereof by Moody’s Investors Service, Inc., or carrying an equivalent rating by a nationally recognized Rating Agency, if both of the two named Rating
Agencies cease publishing ratings of investments, and in any case maturing within one year after the date of acquisition thereof; 
 (7) instruments equivalent to those referred to in clauses (1) through (6) above denominated in euros or any foreign currency comparable in credit quality and tenor to those referred to in such
clauses and customarily used by corporations for cash management purposes in any jurisdiction outside the United States to the extent reasonably required in connection with any business conducted by any Restricted Subsidiary organized in such
jurisdiction; 
 (8) interests in any investment company or money market fund that invests 95% or more of its
assets in instruments of the type specified in clauses (1) through (7) above and clause (11) below; 
 (9) money market funds that (i) comply with the criteria set forth in Rule 2A-7 of the Investment Company Act of 1940, as amended, (ii) are rated at the time of acquisition thereof
“AAA” or the equivalent by Standard & Poor’s Ratings Group, Inc. or “Aaa” or the equivalent thereof by Moody’s Investors Service, Inc. and (iii) have portfolio assets of at least $5.0 billion; 

(10) in the case of any Foreign Subsidiary, high quality short-term investments which are customarily used for cash
management purposes in any country in which such Foreign Subsidiary operates; and 
 (11) securities with
maturities of one year or less from the date of acquisition backed by standby letters of credit issued by any commercial bank satisfying the requirements of clause (4) of this definition. 

  
 -6-

 “CBOs” means notes or other instruments (other than CMOs)
secured by collateral consisting primarily of debt securities and/or other types of debt obligations, including loans 
 “Change of Control” means: 
 (1) any
“person” or “group” of related persons (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of
a majority of the total voting power of the Voting Stock of the Company (or its successors by merger, consolidation or purchase of all or substantially all of its assets); 

(2) during any period of twelve consecutive months, a majority of the members of the Board of Directors of the Company are
not Continuing Directors; 
 (3) the sale, assignment, lease, transfer, conveyance or other disposition (other
than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole to any “person” (as such term is used in Sections 13(d) and
14(d) of the Exchange Act) other than a Restricted Subsidiary; or 
 (4) the adoption by the stockholders of the
Company of a plan or proposal for the liquidation or dissolution of the Company. 
 “Code” means the Internal
Revenue Code of 1986, as amended. 
 “CMOs” means Notes or other instruments secured by collateral consisting
primarily of mortgages, mortgage-backed securities and/or other types of mortgage-related obligations. 

“Collateral” means all property and assets, whether now owned or hereafter acquired, in which Liens are, from time to
time, purported to be granted to secure the Notes and the Subsidiary Guarantees pursuant to the Collateral Documents. 

“Collateral Agent” has the meaning assigned to such term in the preamble to this Indenture. 

“Collateral Documents” means the Security Agreement and any other instruments and documents executed and delivered
pursuant to this Indenture or any of the foregoing, as the same may be amended, supplemented or otherwise modified from time to time and pursuant to which Collateral is pledged, assigned or granted to or on behalf of the Collateral Agent for the
benefit of the Secured Parties. 
 “Commodity Agreement” means any commodity futures contract, commodity
option, commodity swap agreement, commodity collar agreement, commodity cap agreement or other similar agreement or arrangement entered into by the Company or any Restricted Subsidiary. 

“Common Stock” means with respect to any Person, any and all shares, interest or other participations in, and other
equivalents (however designated and whether voting or nonvoting) of such Person’s common stock whether or not outstanding on the Issue Date, and includes, without limitation, all series and classes of such common stock. 

“Company” has the meaning assigned to such term in the preamble to this Indenture. 

  
 -7-

 “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 the following
items to the extent deducted in calculating such Consolidated Net Income: 
 (a) Consolidated Interest Expense;
plus 
 (b) Consolidated Income Taxes; plus 

(c) consolidated depreciation expense; plus 

(d) consolidated amortization expense or impairment charges recorded in connection with the application of FASB ASC 350
and FASB ASC 360; plus 
 (e) other non-cash charges reducing Consolidated Net Income, including any
write-offs or write-downs (excluding (i) any such non-cash charge to the extent it represents an accrual of or reserve for cash charges in any future period or amortization of a prepaid cash expense that was paid in a prior period not included
in the calculation and (ii) the amortization of PVFP); plus 
 (f) any fees, charges or other
expenses made or Incurred in connection with any actual or proposed non-ordinary course Investment, asset sale, acquisition, recapitalization or issuance of Capital Stock or Incurrence of Indebtedness or any amendment or modification of Indebtedness
(including as a result of Statement of FASB ASC 805); plus 
 (g) the amount of any restructuring charges
(including lease termination, severance and relocation expenses), integration costs or other business optimization expenses or non-ordinary course reserves or other non-recurring charges or expenses deducted (and not added back) in such period in
computing Consolidated Net Income; plus 
 (h) without duplication, for those fiscal periods completed
prior to the Issue Date, all adjustments to “EBITDA” for such period used to calculate “Adjusted EBITDA” for such period as disclosed in the “Summary—Summary Historical Consolidated Financial and Other Data”
section of the Offering Memorandum; 
 (2) decreased (without duplication) by non-cash items increasing
Consolidated Net Income of such Person for such period (excluding any items which represent the reversal of any accrual of, or reserve for, anticipated cash charges that reduced Consolidated EBITDA in any prior period); and 

(3) increased or decreased (without duplication) to eliminate the following items reflected in Consolidated Net Income:

 (a) any non-ordinary course net gain or loss resulting in such period from Hedging Obligations and the
application of FASB ASC 815; 
 (b) all unrealized gains and losses relating to financial instruments or
liabilities to which fair market value accounting is applied; 

  
 -8-

 (c) any net gain or loss resulting in such period from currency translation
gains or losses related to currency remeasurements of Indebtedness (including any net loss or gain resulting from Hedging Obligations for currency exchange risk); and 

(d) effects of adjustments (including the effects of such adjustments pushed down to the Company and its Restricted
Subsidiaries) in any line item in such Person’s consolidated financial statements pursuant to GAAP resulting from the application of purchase accounting in relation to any completed acquisition. 

“Consolidated Income Taxes” means, with respect to any Person for any period, taxes imposed upon such Person or other
payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits or capital of such Person or such Person and its Restricted Subsidiaries (to the extent such
income or profits were included in computing Consolidated Net Income for such period), including, without limitation, state, franchise and similar taxes and foreign withholding taxes regardless of whether such taxes or payments are required to be
remitted to any governmental authority. 
 “Consolidated Interest Expense” means, for any period, the interest
expense of the Company and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, including but not limited to the portion of any payments or accruals with respect to Capitalized Lease Obligations
that are allocable to interest expense, excluding (x) any write-offs of capitalized fees under a Debt Facility and all amendments thereto, (y) all non-cash charges for the amortization of deferred financing fees and debt issuance costs,
and (z) any interest on tax reserves to the extent the Company has elected to treat such interest as an interest expense under FASB ASC 450 since its adoption; provided, that any interest expense associated with any Permitted Transaction
shall not be included in this definition of Consolidated Interest Expense. 
 “Consolidated Net Income” means,
for any period, the net income (loss) of the Company and its consolidated Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP (before 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 or that is accounted for by the equity method of accounting, except that: 
 (a) subject to
the limitations contained in clauses (3) through (6) below, 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 actually
distributed by such Person during such period to the Company or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to the limitations contained in clause
(2) below); and 
 (b) the Company’s equity in a net loss of any such Person for such period will be
included in determining such Consolidated Net Income to the extent such loss has been funded with cash from the Company or a Restricted Subsidiary during such period; 

(2) any net income (but not loss) of any Restricted Subsidiary (other than a Subsidiary Guarantor or an Insurance
Subsidiary) if such Restricted Subsidiary is subject to prior government approval or other restrictions due to the operation of its charter or any agreement, instrument, judgment, decree, order, statute, rule or government regulation (which have not
been waived), directly or indirectly, on the payment of dividends or the making of distributions by such Restricted Subsidiary, directly or indirectly, to the Company, except that: 

(a) subject to the limitations contained in clauses (3) through (6) below, 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 that could have been distributed by such Restricted Subsidiary during such period to the Company or another
Restricted Subsidiary as a dividend (subject, in the case of a dividend to another Restricted Subsidiary, to the limitation contained in this clause); and 

  
 -9-

 (b) the Company’s equity in a net loss of any such Restricted
Subsidiary for such period will be included in determining such Consolidated Net income; 
 (3) any net income
(but not loss) of all of the Insurance Subsidiaries determined on a consolidated basis; provided that, notwithstanding the foregoing, (i) there shall be included in Consolidated Net Income an amount equal to the aggregate amount that
could be paid by the Insurance Subsidiaries as of the end of such period as a dividend, distribution or return of capital to the Company or any Restricted Subsidiary (other than an Insurance Subsidiary) without causing the Aggregate RBC Ratio of the
Insurance Subsidiaries to be less than 225%, determined on a pro forma basis for (x) any dividends, distributions or returns of capital made during the period less any capital contributions made by the Company or a Restricted Subsidiary (other
than an Insurance Subsidiary) in the Insurance Subsidiaries during such period, in each case to the extent not otherwise reflected in Consolidated Net Income of the Company and the Restricted Subsidiaries (other than the Insurance Subsidiaries) for
such period and (y) any dividends, distributions or returns of capital made by the Insurance Subsidiaries after such period and through the date of determination and any capital contributions made by the Company or a Restricted Subsidiary
(other than an Insurance Subsidiary) in the Insurance Subsidiaries after such period and through the date of determination and (ii) the amount referenced in the immediately preceding clause (i) shall in no event exceed the aggregate net
income of the Insurance Subsidiaries, determined on a consolidated basis for such period; 
 (4) any after-tax
effect of gain or loss (less all fees and expenses relating thereto) realized upon sales or other dispositions of any assets of the Company or such Restricted Subsidiary (including pursuant to any Sale/Leaseback Transaction) other than in the
ordinary course of business; 
 (5) any after-tax effect of income (loss) from the early extinguishment of
Indebtedness or Hedging Obligations or other derivative instruments; 
 (6) the after-tax effect of extraordinary
gain or loss; 
 (7) the after-tax effect of the cumulative effect of a change in accounting principles;

 (8) any after-tax effect of non-cash impairment charges recorded in connection with the application of FASB
ASC 350 and FASB ASC 360; and 
 (9) any non-cash compensation expense realized for grants of performance shares,
stock options or other rights to officers, directors and employees of the Company or any Restricted Subsidiary. 

  
 -10-

 “Continuing Directors” means, as of any date of determination, any member
of the Board of Directors of the Company who: (1) was a member of such Board of Directors on the Issue Date; or (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing
Directors who were members of the Board of Directors at the time of such nomination or election either by a specific vote or by approval of a proxy statement issued by the Company on behalf of its entire Board of Directors in which such individual
is named as a nominee for director. 
 “Corporate Trust Office” shall be at the address of the Trustee
specified in Section 12.1 or such other address as to which the Trustee may give notice to the Company or Holders pursuant to the procedures set forth in Section 12.1.

“Credit Agreement Obligations” means (x) Indebtedness and other Obligations under the New Senior Secured Credit
Agreement and (y) Obligations under Swap Contracts entered into by the Company or a Subsidiary Guarantor with a lender or affiliate of a lender (at the time such Swap Contract was entered into) under the New Senior Secured Credit Agreement to
hedge interest rate risk of the Company or such Subsidiary Guarantor and Subsidiaries that are not Insurance Subsidiaries. 

“Credit Agreement Secured Parties” means the holders of the Credit Agreement Obligations. 

“Currency Agreement” means in respect of a Person any foreign exchange contract, currency swap agreement, futures
contract, option contract or other similar agreement as to which such Person is a party or a beneficiary. 
 “Debt
Facility” or “Debt Facilities” means, with respect to the Company or any Subsidiary Guarantor, one or more financing arrangements (including, without limitation, credit facilities, indentures and note purchase agreements
and including the New Senior Secured Credit Agreement) providing for revolving credit loans, term loans, letters of credit or other long-term indebtedness or issuances of debt securities evidenced by notes, debentures, bonds or similar instruments,
in each case, as amended, restated, supplemented, modified, renewed, refunded, replaced or refinanced (including by means of sales of debt securities) in whole or in part from time to time (and whether or not with the original trustee,
administrative agent, holders and lenders or another trustee, administrative agent or agents), including, without limitation, any agreement extending the maturity thereof or increasing the amount of available borrowings thereunder pursuant to
incremental facilities or adding Subsidiaries of the Company as additional guarantors thereunder, and whether or not increasing the amount of Indebtedness that may be issued thereunder. 

“Default” means any event or condition that is, or after notice or passage of time or both would be, an Event of
Default. 
 “Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued
in accordance with Section 2.6 hereof, substantially in the form of Exhibit A hereto except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global
Note” attached thereto. 
 “Department” means, with respect to any Insurance Subsidiary, the governmental
authority of such Insurance Subsidiary’s state of domicile with which such Insurance Subsidiary is required to file its Annual Statement. 

  
 -11-

 “Depositary” means The Depository Trust Company, its nominees and their
respective successors and assigns, or such other depository institution hereinafter appointed by the Company. 

“Designated Non-cash Consideration” means any consideration which is not cash or Cash Equivalents received by the
Company or its Restricted Subsidiaries in connection with an Asset Disposition that is designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate executed by the Company at the time of such Asset Disposition. Any
particular item of Designated Non-cash Consideration will cease to be considered to be outstanding once it has been transferred, sold or otherwise exchanged for or converted into or for cash or Cash Equivalents. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person that 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 pursuant to a sinking fund obligation or otherwise; (2) is convertible into or
exchangeable for Indebtedness or Disqualified Stock (excluding Capital Stock which is convertible or exchangeable solely at the option of the Company or a Restricted Subsidiary (it being understood that upon such conversion or exchange it shall be
an Incurrence of such Indebtedness or Disqualified Stock)); or (3) is redeemable at the option of the holder of the Capital Stock in whole or in part, in each case on or prior to the date 91 days after the earlier of the final maturity date of
the Notes or the date the Notes are no longer outstanding; provided, however, that only the portion of Capital Stock that 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; provided, further, that 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 Disposition (each defined in a substantially identical manner to the corresponding definitions in this Indenture) shall not constitute Disqualified Stock if the
terms of such Capital Stock (and all such securities into which it is convertible or for which it is ratable or exchangeable) provide that the Company may not repurchase or redeem any such Capital Stock (and all such securities into which it is
convertible or for which it is ratable or exchangeable) pursuant to such provision prior to compliance by the Company with Section 3.9 and Section 3.7 and such repurchase or redemption complies with Section 3.4.

 “Equity Offering” means a public or private offering for cash by the Company of its Common Stock, perpetual
Preferred Stock, or options, warrants or rights with respect to its Common Stock, other than (x) public offerings with respect to the Company’s Common Stock, or options, warrants or rights, registered on Form S-4 or S-8, or (y) an
issuance to any Subsidiary. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the SEC promulgated thereunder. 
 “Excluded Property” has the meaning set forth in
the Security Agreement. 
 “Fair Market Value” means, with respect to any property, the price that would
reasonably be expected to be paid in an arm’s length free market transaction, for cash, between a willing seller and a willing buyer, neither of whom is under undue pressure or compulsion to complete the transaction. Fair Market Value shall be
determined, except as otherwise provided, by (x) if such decision involves a determination of Fair Market Value equal or less than $50.0 million, in Good Faith by the Company and (y) if such decision involves the determination of Fair
Market Value in excess of $50.0 million, in good faith by the Board of Directors of the Company. 

  
 -12-

 “First Lien Secured Indebtedness” means (a) the Credit Agreement
Obligations, (b) the Obligations under the Notes and (c) any Other First Lien Obligations. 
 “First Lien
Secured Parties” means (a) the New Senior Secured Credit Agreement Secured Parties, (b) the Secured Parties and (c) any Other First Lien Secured Parties. 

“Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the ratio of Consolidated EBITDA of such
Person for such period to the Fixed Charges of such Person for such period. 
 In the event that the Company or any of its
Restricted Subsidiaries Incurs, repays, repurchases or redeems any Indebtedness (other than in the case of revolving credit borrowings, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during
the applicable period) or issues, repurchases or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to the event for which the
calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption of
Indebtedness, or such issuance, repurchase or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period. 

For purposes of making the computation referred to above, Investments, Asset Dispositions, Asset Acquisitions and discontinued operations
(as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes that the Company or any Restricted Subsidiary has determined to make and/or has made during the four-quarter reference
period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date shall be calculated on a pro forma basis assuming that all such events (and the change of any associated fixed charge obligations and
the change in Consolidated EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into
the Company or any Restricted Subsidiary since the beginning of such period shall have made any Investment, Asset Disposition, Asset Acquisition or discontinued operation or operational change, in each case with respect to an operating unit of a
business, 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 event had occurred at the beginning of the
applicable four-quarter period. 
 For purposes of this definition, whenever pro forma effect is to be given to any
event, the pro forma calculations shall be made in Good Faith by the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Company to reflect operating expense
reductions and other operating improvements, synergies or cost savings reasonably expected to result from such relevant pro forma event based on actions already taken and for which the full run-rate effect of such actions is expected to be realized
within 12 months of such action. The Company shall have delivered to the Trustee an Officers’ Certificate signed by the Chief Financial Officer setting forth such operating expense reductions and other operating improvements, synergies or cost
savings and calculations and information supporting them in reasonable detail. 
 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 Calculation Date had been the applicable rate for the entire period (taking into account any Hedging
Obligations applicable to 

  
 -13-

 
such Indebtedness if such Hedging Obligation has a remaining term in excess of 12 months). 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 on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period. 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 deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the
Company may designate. 
 For purposes of this definition, any amount in a currency other than U.S. dollars will be converted to
U.S. dollars based on the average exchange rate for such currency for the most recent twelve month period immediately prior to the date of determination in a manner consistent with that used in calculating Consolidated EBITDA for the applicable
period. 
 “Fixed Charges” means, with respect to any Person for any period, the sum, without duplication, of:

 (1) Consolidated Interest Expense of such Person for such period, and 

(2) all cash dividend payments (excluding items eliminated in consolidation) on any series of Preferred Stock or Disqualified Stock of
such Person and its Restricted Subsidiaries. 
 “Foreign Subsidiary” means any Restricted Subsidiary that is
not organized under the laws of the United States of America or any state thereof or the District of Columbia and any Subsidiary of such Restricted Subsidiary. 
 “GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time, including those 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 approved by a significant segment
of the accounting profession; provided that, except as otherwise provided in this Indenture, all calculations made for purposes of determining compliance with the terms of this Indenture shall use GAAP as in effect on the Issue Date. All
ratios and computations based on GAAP contained in this Indenture shall be computed in conformity with GAAP, except that in the event the Company is acquired in a transaction that is accounted for using purchase accounting, the effects of the
application of purchase accounting shall be disregarded in the calculation of such ratios and other computations contained in this Indenture. 
 “Global Note Legend” means the legend set forth in Section 2.1(b) hereof, which is required to be placed on all Global Notes issued under this Indenture. 

“Global Notes” means, individually and collectively, each of the Restricted Global Notes and the Unrestricted Global
Notes, substantially in the form of Exhibit A hereto issued in accordance with Section 2.1 or 2.6 hereof. 
 “Good Faith by the Company” means the decision in good faith by a responsible financial or accounting officer of the Company. 

  
 -14-

 “Guarantee” means any obligation, contingent or otherwise, of any Person,
directly or indirectly, guaranteeing any Indebtedness or other financial obligations of any other Person and any 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 agreement 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 for purposes of assuring in any other manner the obligee of such Indebtedness or other financial
obligation 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 endorsements for collection or deposit
in the ordinary course of business. The term “Guarantee” used as a verb has a corresponding meaning. 

“Hedging Obligations” of any Person means the obligations of such Person pursuant to any Interest Rate Agreement,
Currency Agreement or Commodity Agreement. 
 “Holder” means a Person in whose name a Note is registered on the
Registrar’s books. 
 “Immaterial Subsidiary” means any Subsidiary (other than an Insurance Subsidiary)
that (a) has assets with an aggregate fair market value less than $5.0 million as of the end of the most recently ended fiscal quarter of the Company, (b) has aggregate revenues less than $10.0 million for the period of four consecutive
fiscal quarters most recently ended, (c) has no Indebtedness (other than Indebtedness existing on the date hereof and other Indebtedness in an aggregate principal amount not exceeding at any time one-half of the fair market value of the assets
of such Subsidiary at such time), (d) is not integral to the business or operations of the Company or its Subsidiaries (other than Immaterial Subsidiaries) and (e) has no Subsidiaries (other than Immaterial Subsidiaries); provided that CNO
Management Services Company shall not be deemed to be an Immaterial Subsidiary so long as it is the manager of CNO Services, LLC pursuant to the latter’s limited liability company agreement. 

“Incur” means to issue, create, assume, Guarantee, incur 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, consolidation, acquisition or otherwise) will be deemed to be Incurred by such Person at the time
it becomes a Restricted Subsidiary; and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing. Any Indebtedness issued at a discount (including Indebtedness on which interest is payable through the
issuance of additional Indebtedness) shall be deemed incurred at the time of original issuance of the Indebtedness at the initial accreted amount thereof. 
 “Indebtedness” means, with respect to any Person on any date of determination (without duplication): 

(1) the principal of and premium (if any) in respect of indebtedness of such Person for borrowed money; 

(2) the principal of and premium (if any) in respect of obligations of such Person evidenced by bonds, debentures, notes
or other similar instruments; 

  
 -15-

 (3) the principal component of all obligations of such Person in respect of
letters of credit, bankers’ acceptances or other similar instruments (including reimbursement obligations with respect thereto, except to the extent such reimbursement obligation relates to a Trade Payable or similar obligation to a trade
creditor in each case incurred in the ordinary course of business) other than obligations with respect to letters of credit, bankers’ acceptances or similar instruments securing obligations (other than obligations described in clauses
(1) and (2) above and clause (5) below) entered into in the ordinary course of business of such Person to the extent such letters of credit, bankers’ acceptances or similar instruments are not drawn upon or, to the extent
drawn upon, such drawing is reimbursed no later than the fifth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit, bankers’ acceptance or similar instrument; 

(4) the principal component of all obligations of such Person to pay the deferred and unpaid purchase price of property
(except Trade Payables), which purchase price is due more than six months after the date of placing such property in service or taking delivery and title thereto, except (i) any such balance that constitutes a Trade Payable, accrued liability
or similar obligation to a trade creditor, in each case accrued in the ordinary course of business, and (ii) any earn-out obligation until the amount of such obligation becomes a liability on the balance sheet of such Person in accordance with
GAAP; 
 (5) Capitalized Lease Obligations and all Attributable Indebtedness of such Person (whether or not such
items would appear on the balance sheet of the guarantor or obligor); 
 (6) the principal component or
liquidation preference of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock or, with respect to any Subsidiary that is not a Subsidiary Guarantor, 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 and (b) the amount of such indebtedness of such other Persons; 
 (8)
the principal component of Indebtedness of other Persons to the extent Guaranteed by such Person (whether or not such items would appear on the balance sheet of the guarantor or obligor); and 

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

In no event shall the term “Indebtedness” include (i) any indebtedness under any overdraft or cash management
facilities so long as any such indebtedness is repaid in full no later than five Business Days following the date on which it was incurred or in the case of such indebtedness in respect of credit or purchase cards, within 60 days of its incurrence,
(ii) obligations in respect of performance, appeal or other surety bonds or completion guarantees incurred in the ordinary course of business, (iii) except as provided in clause (5) above, any obligations in respect of a lease
properly classified as an operating lease in accordance with GAAP, (iv) any liability for federal, state, local or other taxes not yet 

  
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delinquent or being contested in good faith and for which adequate reserves have been established to the extent required by GAAP or (v) any customer deposits or advance payments received in
the ordinary course of business. 
 The amount of Indebtedness of any Person at any date will be the outstanding balance at such
date of all unconditional obligations as described above and the maximum liability, upon the occurrence of the contingency giving rise to the obligation, of any contingent obligations at such date; provided that (x) contingent
obligations arising in the ordinary course of business and not with respect to borrowed money of such Person or other Persons and (y) the obligations of any Person under Reinsurance Agreements shall not be deemed to constitute Indebtedness.
Notwithstanding the foregoing, money borrowed and set aside at the time of the Incurrence of any Indebtedness in order to prefund the payment of interest on such Indebtedness shall not be deemed to be “Indebtedness,” provided that
such money is held to secure the payment of such interest. 
 “Independent Financial Advisor” means (1) an
accounting, appraisal or investment banking firm or (2) a consultant to Persons engaged in a Related Business, in each case of nationally recognized standing that is, in the good faith judgment of the Company, qualified to perform the task for
which it has been engaged. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global
Note through a Participant. 
 “Initial Notes” means the $275,000,000 in aggregate principal amount of 9.00%
Senior Secured Notes due 2018 of the Company issued under this Indenture on the Issue Date. 
 “Initial
Purchasers” means, with respect to the Initial Notes, Morgan Stanley & Co. Incorporated, Barclays Capital Inc. and FBR Capital Markets & Co. 
 “Insurance Subsidiary” means any Subsidiary of the Company that is required to be licensed as an insurer or reinsurer. 

“Intercreditor Agreement” means the Intercreditor Agreement dated December 21, 2010, among the Company, the
Subsidiary Guarantors, the Trustee, the Collateral Agent, on behalf of itself and the Secured Parties and Morgan Stanley Senior Funding, Inc., as administrative agent under the New Senior Secured Credit Agreement, on behalf of itself and the Credit
Agreement Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time. 

“Interest Payment Date” means January 15 and July 15 of each year, commencing on July 15, 2011 and ending
at the Stated Maturity of the Notes. 
 “Interest Rate Agreement” means with respect to any Person any interest
rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement or other similar agreement or
arrangement as to which such Person is party or a beneficiary. 
 “Investment” in any Person means any direct
or indirect advance, loan (other than advances or extensions of credit in the ordinary course of business that are in conformity with GAAP recorded as accounts receivable on the balance sheet of the Company or its Restricted Subsidiaries) or other
extensions of credit (including by way of Guarantee or similar arrangement, but excluding any debt or extension of credit represented by a bank deposit other than a time deposit) or capital contribution to (by

  
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means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or acquisition of Capital Stock, Indebtedness
or other similar instruments issued by, such Person and all other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP; provided that none of the following will be deemed to be an
Investment: 
 (1) Hedging Obligations entered into in the ordinary course of business and in compliance with
this Indenture; 
 (2) endorsements of negotiable instruments and documents in the ordinary course of business;

 (3) an acquisition of assets, Capital Stock or other securities by the Company or a Subsidiary for
consideration to the extent such consideration consists of Common Stock of the Company; 
 (4) a deposit of funds
in connection with an acquisition; provided that either such acquisition is consummated by or through a Restricted Subsidiary or such deposit is returned to the Person who made it; 

(5) an account receivable arising, or prepaid expenses or deposits made, in the ordinary course of business; and

 (6) licensing or transfer of know-how or intellectual property or the providing of services in the ordinary
course of business. 
 For purposes of Section 3.4, (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 shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an
amount (if positive) equal to (a) the Company’s aggregate “Investment” in such Subsidiary as of 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 conclusively determined in good faith by the Board of Directors of 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 shall be valued at its Fair Market Value at the time of such transfer, in each case as determined in good faith by the Board of Directors of the Company; and (3) the value of any
“Investment” made by an Insurance Subsidiary shall be calculated net of any liabilities of the Insurance Subsidiary that are assumed by the Person in whom the Investment is being made. 

“Investment Grade Asset” means any Investment with a fixed maturity that has a rating of (x) at least BBB- by
S&P and, if such Investment is rated by Moody’s, at least Ba2 from Moody’s or (y) at least Baa3 by Moody’s and, if such Investment is rated by S&P, at least BB from S&P, or, if such Investment is not rated by either
S&P or Moody’s, an NAIC rating of at least Class 2. 
 “Investment Grade Rating” means a rating equal
to or higher than Baa3 (or the equivalent) by Moody’s Investors Service, Inc. and BBB-(or the equivalent) by Standard & Poor’s Ratings Group, Inc., in each case, with a stable or better outlook; provided that a change in
outlook shall not by itself cause the Company to lose its Investment Grade Rating. 

  
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 “Issue Date” means December 21, 2010. 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge,
security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof,
any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event
shall an operating lease (or any filing or agreement to give any financing statement in connection therewith) be deemed to constitute a Lien. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 
 “NAIC” means the National Association of Insurance Commissioners or any successor thereto, or in the absence of the National Association of Insurance Commissioners or such successor, any
other association, agency or other organization performing advisory, coordination or other like functions among insurance departments, insurance commissioners and similar governmental authorities of the various states of the United States toward the
promotion of uniformity in the practices of such governmental authorities. 
 “Net Available Cash” from an
Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any
securities or other assets received as consideration, 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 brokerage, legal, accounting, investment banking, title and recording tax expenses, commissions and other fees
and expenses incurred, and all Federal, state, provincial, foreign and local taxes required to be paid or accrued as a liability under GAAP (after taking into account any available tax credits or deductions and any tax sharing agreements), as a
consequence of such Asset Disposition; (2) all payments made on any Indebtedness (other than Pari Passu Lien Indebtedness) that is secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such
assets, or that must by its terms, or in order to obtain a necessary consent to such Asset Disposition, or by applicable law be repaid out of the proceeds from such Asset Disposition; (3) all distributions and other payments required to be made
to minority interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition; (4) the deduction of appropriate amounts to be provided by the seller as a reserve, in accordance with GAAP, against any liabilities
associated with the property or other assets disposed of in such Asset Disposition and retained by the Company or any Restricted Subsidiary after such Asset Disposition, including, without limitation, pension and other post-employment benefit
liabilities and liabilities related to environmental matters; (5) any portion of the purchase price from an Asset Disposition placed in escrow (whether as a reserve for adjustment of the purchase price, or for satisfaction of indemnities in
respect of such Asset Disposition); and (6) in the case of an Asset Disposition by an Insurance Subsidiary, proceeds that are not permitted to be paid as a dividend or distribution by such Insurance Subsidiary pursuant to regulatory
restrictions provided, however, that in the cases of clauses (4) and (5), upon reversal of any such reserve or the termination of any such escrow, Net Available Cash shall be increased by the amount of such reversal or any portion
of funds released from escrow to the Company or any Restricted Subsidiary. 
 “Net Cash Proceeds” means, with
respect to any issuance or sale of Capital Stock of the Company or any Restricted Subsidiary or Indebtedness, the cash proceeds of such issuance or sale net of 

  
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attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees, charges and
expenses actually Incurred in connection with such issuance or sale and net of taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credit or deductions and any tax sharing arrangements).

 “New Senior Secured Credit Agreement” means the credit agreement, dated as of the Issue Date, among the
Company, Morgan Stanley Senior Funding, Inc. as administrative agent and the lenders from time to time party thereto, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments,
supplements, modifications, extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities that replace, refund or refinance any part of the loans, Notes, other credit
facilities or commitments thereunder, including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is
permitted under Section 3.3 and Section 3.5). 
 “Non-Guarantor Subsidiary” means any
Restricted Subsidiary that is not a Subsidiary Guarantor. 
 “Non-Recourse Debt” means Indebtedness of a
Person: 
 (1) as to which neither the Company nor any Restricted Subsidiary (a) provides any Guarantee or
credit support of any kind (including any undertaking, Guarantee, indemnity, agreement or instrument that would constitute Indebtedness) or (b) is directly or indirectly liable (as a guarantor or otherwise); 

(2) no default with respect to which (including any rights that the holders thereof may have to take enforcement action
against an Unrestricted Subsidiary) would permit (upon notice, lapse of time or both) any holder of any other Indebtedness of the Company or any Restricted Subsidiary to declare a default under such other Indebtedness or cause the payment thereof to
be accelerated or payable prior to its Stated Maturity; and 
 (3) the explicit terms of which provide there is
no recourse against any of the assets of the Company or its Restricted Subsidiaries. 
 “Non-U.S. Person” means
a Person who is not a U.S. Person. 
 “Notes” means the Initial Notes and any Additional Notes, treated as a
single class of securities. 
 “Notes Custodian” means the custodian with respect to the Global Note (as
appointed by the Depositary), or any successor Person thereto and shall initially be the Trustee. 
 “Notes First Lien
Percentage” means, at any time for purposes of Section 3.7, a fraction (expressed as a percentage), the numerator of which is the outstanding principal amount of the Notes at such time and the denominator of which is the
outstanding principal amount of all outstanding Pari Passu Lien Indebtedness (including the Notes) at such time requiring a prepayment from a specified Asset Disposition. 
 “Obligations” means any principal, interest (including any interest accruing subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate
provided for in the 

  
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documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or foregoing law), penalties, fees, indemnifications, reimbursements
(including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities, and guarantees of payment of such principal, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness. 
 “Offering
Memorandum” means the offering memorandum, dated as of December 14, 2010, relating to the offering of the Notes. 

“Officer” means the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, any
Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of the Company or, in the event that a Person is a partnership or a limited liability company that has no such officers, a person duly authorized under
applicable law by the general partner, managers, members or a similar body to act on behalf of such Person. Officer of any Subsidiary Guarantor has a correlative meaning. 
 “Officers’ Certificate” means a certificate signed by two Officers or by an Officer and either an Assistant Treasurer or an Assistant Secretary of the Company. 

“Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel
may be an employee of or counsel to the Company or a Subsidiary Guarantor. 
 “Original Lien Grantor” means the
Company or any Subsidiary Guarantor that grants a Lien on any of its assets hereunder on the Issue Date. 
 “Other First
Lien Obligations” shall have the meaning assigned to such term in the Intercreditor Agreement. 
 “Other First
Lien Secured Party” means the holders of any Other First Lien Obligations and any Authorized Representative with respect thereto. 
 “Pari Passu Lien Indebtedness” means Indebtedness that is secured by a Lien permitted by clause (1), (33) or (35) of the definition of “Permitted Liens.” 

“Participant” means, with respect to the Depositary, a Person who has an account with the Depositary. 

“Paying Agent” means initially, the Trustee and thereafter, a replacement agent chosen by the Company in accordance with
this Indenture. 
 “Permitted Investment” means an Investment by the Company or any Restricted Subsidiary in:

 (1) the Company or a Restricted Subsidiary, including through the purchase of Capital Stock of a Restricted
Subsidiary; 
 (2) any Investment by the Company or any of its Restricted Subsidiaries in a Person that is
engaged in a Related Business if as a result of such Investment: 
 (a) such Person becomes a Restricted
Subsidiary; or 

  
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 (b) such Person, in one transaction or a series of related transactions, is
merged or consolidated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary, 
 and, in each case, any Investment held by such Person; provided that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation or transfer;

 (3) cash and Cash Equivalents or Investments that constituted Cash Equivalents at the time made; 

(4) receivables owing to the Company or any Restricted Subsidiary created or acquired in the ordinary course of business
and payable or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Company or any such Restricted Subsidiary deems reasonable under the
circumstances; 
 (5) commission, relocation, entertainment, payroll, travel and similar advances to cover
matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(6) loans or advances to, or guarantees of third party loans to, employees, officers or directors of the Company or any
Subsidiary in the ordinary course of business in an aggregate amount outstanding at any time not in excess of $5.0 million with respect to all loans or advances or guarantees made since the Issue Date (without giving effect to the forgiveness of any
such loan); 
 (7) any Investment acquired by the Company or any of its Restricted Subsidiaries: 

(a) in exchange for any other Investment or accounts receivable held by the Company or any such Restricted Subsidiary in
connection with or as a result of a judgment, bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable; 

(b) as a result of a foreclosure by the Company or any of its Restricted Subsidiaries with respect to any secured
Investment or other transfer of title with respect to any secured Investment in default; or 
 (c) in the form of
notes payable, or stock or other securities issued by account debtors to the Company or any Restricted Subsidiary pursuant to negotiated agreements with respect to the settlement of such account debtor’s accounts, and other Investments arising
in connection with the compromise, settlement or collection of accounts receivable, in each case in the ordinary course of business; 
 (8) Investments made as a result of the receipt of non-cash consideration (including Designated Non-cash Consideration) from an Asset Disposition that was made pursuant to and in compliance with
Section 3.7 or any other disposition of assets not constituting an Asset Disposition; 

  
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 (9) Investments in existence on the Issue Date and Investments committed to
be made as of the Issue Date, and any extension, modification or renewal of any such Investments, or Investments purchased or received in exchange for such Investments, existing on the Issue Date, but only to the extent not involving additional
advances, contributions or other Investments of cash or other assets or other increases thereof (other than as a result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities, in each case,
pursuant to the terms of such Investment as in effect on the Issue Date); 
 (10) any Person to the extent such
Investments consist of Currency Agreements, Interest Rate Agreements, Commodity Agreements and related Hedging Obligations, which transactions or obligations are Incurred in compliance with Section 3.3; 

(11) Guarantees of Indebtedness issued in accordance with Section 3.3; 

(12) Investments made in connection with the funding of contributions under any non-qualified retirement plan or similar
employee compensation plan, including, without limitation, split-dollar insurance policies, in an amount not to exceed the amount of compensation expense recognized by the Company and its Restricted Subsidiaries in connection with such plans;

 (13) Investments received in settlement of debts created in the ordinary course of business and owing to the
Company or any Restricted Subsidiary or in satisfaction of judgments or pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of a debtor; 

(14) any Person to the extent such Investments consist of prepaid expenses, negotiable instruments held for collection and
lease, utility, unemployment insurance, workers’ compensation, performance and other similar deposits made in the ordinary course of business by the Company or any Restricted Subsidiary; 

(15) prepayments and other credits to suppliers made in the ordinary course of business; 

(16) endorsements of negotiable instruments and documents in the ordinary course of business; 

(17) loans or advances or similar transactions with customers, distributors, clients, developers, suppliers or purchasers
of goods or services in the ordinary course of business; 
 (18) Investments by any Insurance Subsidiary
(including by any Subsidiary of such Insurance Subsidiary that is not itself an Insurance Subsidiary) in the ordinary course of business and consistent with the investment policy approved by the Board of Directors of such Insurance Subsidiary;

 (19) Permitted Portfolio Investments; and 

(20) Investments by the Company or any of its Restricted Subsidiaries, together with all other Investments pursuant to
this clause (20), in an aggregate amount at the time of such Investment not to exceed $75.0 million outstanding at any one time (with the Fair Market Value of such Investment being measured at the time made and without giving effect to subsequent
changes in value). 

  
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 “Permitted Junior Lien Intercreditor Agreement” means an intercreditor
agreement between the Collateral Agent and the trustee or agent for the holders of any obligations secured by Liens that are subordinated to the Liens securing the Notes and any other First Lien Secured Indebtedness (the “Junior
Liens”), on terms determined by the Company to be customary lien subordination terms for junior lien debt securities; provided that such intercreditor agreement shall provide: 

(1) notwithstanding the time, order or method of grant, creation, attachment or perfection of any Liens securing the Notes
or any other First Lien Secured Indebtedness and such Junior Liens, the Liens securing the Notes and any such other First Lien Secured Indebtedness shall rank senior to any Junior Liens on the Collateral. 

(2) no holder of any obligation secured by any Junior Liens shall contest the validity or enforceability of the Liens
securing the Notes or any other First Lien Secured Indebtedness. 
 (3) until the payment and discharge in full
of all obligations under this Indenture and any other First Lien Secured Indebtedness, the Applicable Authorized Representative (or, if there is no Applicable Authorized Representative at such time, the Collateral Agent) will have the sole power to
exercise remedies against the Collateral (subject to the right of the holders of obligations secured by Junior Liens to take protective measures with respect to the Junior Liens that the Company determines are customarily provided to junior lien
creditors) and to foreclose upon and dispose of the Collateral. Upon any private or public sale of Collateral taken in connection with the exercise of remedies by the Applicable Authorized Representative (or, if there is no Applicable Authorized
Representative at such time, the Collateral Agent) which results in the release of the Liens securing the Notes and any other First Lien Secured Indebtedness, the Junior Liens on such item of Collateral will be automatically released. 

(4) in connection with any enforcement action with respect to the Collateral or any insolvency or liquidation proceeding
involving the Company or any Subsidiary Guarantor, all proceeds of Collateral will first be applied to the repayment of all obligations under the Notes and any other First Lien Secured Indebtedness prior to being applied to the obligations secured
by such Junior Liens. If any holder of an obligation secured by Junior Liens receives any proceeds of Collateral in contravention of the foregoing, such proceeds will be turned over to the Applicable Authorized Representative (or, if there is no
Applicable Authorized Representative at such time, the Collateral Agent). 
 (5) in connection with any
insolvency or liquidation proceeding of the Company or any Subsidiary Guarantor, the Applicable Authorized Representative (or, if there is no Applicable Authorized Representative at such time, the Collateral Agent) may consent to
debtor-in-possession financings secured by a Lien on the Collateral ranking prior to or pari passu with the Lien on such Collateral securing the Notes and any other First Lien Secured Indebtedness or to the use of cash collateral constituting
proceeds of the Collateral without the consent of any holder of obligations secured by Junior Liens, and no holder of obligations secured by such Junior Liens shall be entitled to object to such use of cash collateral or debtor-in-possession
financing or to seek “adequate protection” in connection therewith (other than in the form of a junior lien on any additional items of collateral for the Notes and any other First Lien Secured Indebtedness which are granted in connection
with such debtor-in-possession financing or use of cash collateral); 
 (6) no holder of any obligation secured
by Junior Liens may, without the consent of the Applicable Authorized Representative (or, if there is no Applicable Authorized Representative at such time, the Collateral Agent) (x) seek relief from the automatic stay with respect to any

  
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Collateral, (y) object to any sale of any Collateral in any insolvency or liquidation proceeding which has been consented to by the Applicable Authorized Representative (provided that the
Junior Liens attach to the proceeds of such sale with the priority set forth in the Permitted Junior Lien Intercreditor Agreement) or (z) object to any claim of any Holder of Notes to post-petition interest, fees or expenses on account of the
Liens securing the First Lien Secured Indebtedness. and 
 (7) no holder of obligations secured by Junior Liens
shall support any plan or reorganization in connection with any insolvency or liquidation proceeding that is in contravention of the Permitted Junior Lien Intercreditor Agreement without the consent of the Applicable Authorized Representative (or,
if there is no Applicable Authorized Representative at such time, the Collateral Agent). 
 “Permitted Liens”
means, with respect to any Person: 
 (1) Liens on the Collateral securing Indebtedness Incurred pursuant to
Section 3.3(b)(i); 
 (2) (x) pledges or deposits by such Person under workers’
compensation laws, unemployment, general insurance and other insurance laws and old age pensions and other social security or retirement benefits or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than
for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits of cash or United States government bonds to secure surety or appeal bonds to which such
Person is a party, or deposits as security for contested taxes or import or customs duties or for the payment of rent, in each case Incurred in the ordinary course of business and (y) collateral consisting of Cash Equivalents securing letters
of credit issued in respect of obligations to insurers in an aggregate amount not to exceed $20,000,000 at any time outstanding; 
 (3) Liens imposed by law and carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens, in each case Incurred in the ordinary course of business;

 (4) Liens for taxes, assessments or other governmental charges or levies not yet subject to penalties for
non-payment or that are being contested in good faith by appropriate proceedings provided appropriate reserves required pursuant to GAAP have been made in respect thereof; 

(5) Liens in favor of issuers of surety, appeal or performance bonds or letters of credit or bankers’ acceptances or
similar obligations issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 
 (6) minor survey exceptions, encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other
similar purposes, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the business
of such Person or to the ownership of its properties that do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of such Person; 

(7) Liens securing Hedging Obligations relating to Indebtedness so long as the related Indebtedness is, and is permitted
to be under this Indenture, secured by a Lien on the same property securing such Hedging Obligation; 

  
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 (8) leases, licenses, subleases and sublicenses of assets (including,
without limitation, real property and intellectual property rights) that do not materially interfere with the ordinary conduct of the business of the Company or any of its Restricted Subsidiaries; 

(9) judgment Liens not giving rise to an Event of Default, and Liens securing appeal or surety bonds related to such
judgment, so long as any appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not expired; 

(10) Liens for the purpose of securing the payment of all or a part of the purchase price of, or Capitalized Lease
Obligations, mortgage financings, Purchase Money Indebtedness or other payments Incurred to finance assets or property (other than Capital Stock or other Investments) acquired, constructed, improved or leased in the ordinary course of business;
provided that, in the case of this subclause (10)(B): 
 (a) the aggregate principal amount of
Indebtedness secured by such Liens is otherwise permitted to be incurred under this Indenture and does not exceed the cost of the assets or property so acquired, constructed or improved, plus reasonable fees and expenses of such Person incurred in
connection therewith; and 
 (b) such Liens are created within 180 days of construction, acquisition or
improvement of such assets or property and do not encumber any other assets or property of the Company or any Restricted Subsidiary other than such assets or property and assets affixed or appurtenant thereto and the proceeds thereof; 

(11) Liens that constitute banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or
other funds maintained with a bank, depositary or other financial institution, whether arising by operation of law or pursuant to contract; 
 (12) Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business;

 (13) Liens existing on the Issue Date (other than Liens permitted under clause (1) above or
(35)(A) below); 
 (14) Liens on property or shares of stock of a Person at the time such Person becomes a
Restricted Subsidiary; provided, however, that such Liens are not created, Incurred or assumed in connection with, or in contemplation of, such other Person becoming a Restricted Subsidiary; provided further, however,
that any such Lien may not extend to any other property owned by the Company or any Restricted Subsidiary; 

(15) Liens on property at the time the Company or a Restricted Subsidiary acquired the property, including any acquisition
by means of a merger or consolidation with or into the Company or any Restricted Subsidiary; provided, however, that such Liens are not created, Incurred or assumed in connection with, or in contemplation of, such acquisition;
provided further, however, that such Liens may not extend to any other property owned by the Company or any Restricted Subsidiary; 

  
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 (16) Liens securing Indebtedness or other obligations of a Restricted
Subsidiary owing to the Company or another Restricted Subsidiary; 
 (17) Liens on Capital Stock of Unrestricted
Subsidiaries and Liens on property of an Unrestricted Subsidiary at the time that it is designated as a Restricted Subsidiary; provided that such Liens were not incurred in connection with or in contemplation of such designation; 

(18) deposits as security for contested taxes or contested import to customs duties; 

(19) Liens securing Refinancing Indebtedness Incurred to refinance, refund, replace, amend, extend or modify, as a whole
or in part, Indebtedness that was previously so secured pursuant to clauses (10), (13), (14), (15) and (19) of this definition; provided that any such Lien is limited to all or part of the same property or assets (plus improvements,
accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the indebtedness being refinanced or is in respect of property that is the
security for a Permitted Lien hereunder; 
 (20) any interest or title of a lessor under any operating lease;

 (21) Liens on specific items of inventory or other goods and proceeds of any Person securing such
Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(22) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with importation of goods; 
 (23) Liens arising out of conditional sale, title retention, consignment
or similar arrangements for the sale of goods entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business; 
 (24) Liens on funds of the Company or any Subsidiary held in deposit accounts with third party providers of payment services securing credit card charge-back reimbursement and similar cash management
obligations of the Company or the Subsidiaries; 
 (25) Liens of a collecting bank arising in the ordinary course
of business under Section 4-208 of the Uniform Commercial Code in effect in the relevant jurisdiction covering only the items being collected upon; 
 (26) Liens arising by operation of law or contract on insurance policies and the proceeds thereof to secure premiums thereunder; 

(27) Liens on insurance policies and proceeds of insurance policies (including rebates of premiums) securing Indebtedness
incurred pursuant to Section 3.3(b)(xii) to finance the payment of premiums on the insurance policies subject to such Liens; 
 (28) statutory, common law or contractual Liens of landlords; 

  
 -27-

 (29) customary Liens granted in favor of a trustee to secure fees and other
amounts owing to such trustee under an indenture or other agreement pursuant to which Indebtedness permitted under Section 3.3 is Incurred; 
 (30) Liens on any cash earnest money deposit made by the Company or any Restricted Subsidiary in connection with any letter of intent or acquisition agreement that is not prohibited by this Indenture;

 (31) Liens in favor of credit card processors granted in the ordinary course of business; 

(32) Liens arising in connection with Cash Equivalents describe in clause (5) of the definition of Cash Equivalents;

 (33) Liens securing other obligations in an amount not to exceed $50.0 million at any time outstanding;

 (34) Liens securing cash management obligations incurred in the ordinary course of business; 

(35) Liens securing (x)(A) Obligations with respect to Indebtedness Incurred pursuant to Section 3.3(b)(ii),
(B) Hedging Obligations and cash management obligations that are secured ratably (other than with respect to cash collateral for letters of credit) with Indebtedness outstanding pursuant to Section 3.3(b)(ii) and (C) Liens on
cash or deposits granted to the collateral agent with respect to Indebtedness Incurred pursuant to Section 3.3(b)(ii) in respect of letters of credit issued and outstanding thereunder and (y) additional Pari Passu Lien Indebtedness
in excess of the maximum amount permitted by clause (x)(A) above to the extent that after giving pro forma effect to the Incurrence of Indebtedness secured pursuant to this clause (y) and the application of the proceeds therefrom on such
date, the Priority Leverage Ratio of the Company and the Restricted Subsidiaries would not exceed 1.25 to 1.00; provided that such Liens are subject to the terms of the Intercreditor Agreement; provided, further, that for all
purposes of this clause (35)(y) only, Indebtedness under a revolving credit facility shall be deemed to be Incurred on the date on which commitments are provided with respect thereto and shall be deemed to have remained outstanding at all times
until such commitments have been terminated; 
 (36) Liens in connection with Permitted Transactions; 

(37) Liens securing Indebtedness incurred pursuant to Section 3.3(b)(xiii) in an aggregate amount not to
exceed $10.0 million and customary set-off rights in favor of depositary banks; and 
 (38) collateral consisting
of Cash Equivalents securing Permitted Swap Obligations in an aggregate amount not to exceed, at any time, $60,000,000; provided that, for purposes of this clause (38), in the case of Cash Equivalents described in clauses (2), (3),
(4) and (11) of the definition thereof, the one year maturity limitation set forth in such clauses shall be disregarded. 
 “Permitted Portfolio Investments” means Investments by the Company’s Insurance Subsidiaries; provided that (a) in the case of an Investment in assets that are not
Investment Grade Assets, after giving effect thereto, not more than 10% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries may be comprised of Investments in assets that are not Investment Grade

  
 -28-

 
Assets (exclusive of the Investments referred to in paragraphs (b), (c), and (d) below and policy loans as specified on page 2, line 6 of the Company’s Annual Statements), (b) in
the case of an Investment that is not NAIC rated, after giving effect thereto, not more than 6% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries may be comprised of Investments that are not NAIC rated
(exclusive of the Investments referred to in paragraphs (a), (c) and (d) hereof and policy loans as specified on page 2, line 6 of the Company’s Annual Statement), (c) in the case of an Investment in real property mortgage loans
classified on Schedule B-Part 1 of the Annual Statement, after giving effect thereto, not more than 12% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries may be comprised of Investments in assets that are
Investments in real property mortgage loans classified on Schedule B-Part 1 of the Annual Statement (exclusive of Investments referred to in paragraphs (a), (b) and (d) hereof) and (d) in the case of an Investment in Capital Stock,
after giving effect thereto, not more than 1% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries may be comprised of Investments involving Capital Stock. 

“Permitted Swap Obligations” means all obligations (contingent or otherwise) of the Company or any Subsidiary existing
or arising under Swap Contracts, provided that each of the following criteria is satisfied: (a) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks
associated with liabilities, commitments or assets held by such Person, or changes in the value of securities issued by such Person in conjunction with a securities repurchase program not otherwise prohibited under this Indenture, and not for
purposes of speculation or taking a “market view” and (b) such Swap Contracts do not contain any provision (“walk-away” provision) exonerating the non-defaulting party from its obligation to make payments on outstanding
transactions to the defaulting party. 
 “Permitted Transactions” means (a) mortgage-backed security
transactions in which an investor sells mortgage collateral, such as securities issued by the Government National Mortgage Association and the Federal Home Loan Mortgage Corporation, for delivery in the current month while simultaneously contracting
to repurchase “substantially the same” (as determined by the Public Securities Association and GAAP) collateral for a later settlement, (b) transactions in which an investor lends cash to a primary dealer and the primary dealer
collateralizes the borrowing of the cash with certain securities, (c) transactions in which an investor lends securities to a primary dealer and the primary dealer collateralizes the borrowing of the securities with cash collateral,
(d) transactions in which an investor makes loans of securities to a Broker-Dealer under an agreement requiring such loans to be continuously secured by cash collateral or United States government securities, (e) transactions structured
as, and submitted to the NAIC Security Valuation Office for approval as, Replication (Synthetic Asset) Transactions (RSAT) (provided that, to the extent that such approval is not granted in respect of any such transaction, such transaction
shall cease to constitute a Permitted Transaction 30 days following the date of such rejection, denial or non-approval) and (f) transactions in which a federal home loan mortgage bank (a “FHLMB”) makes loans to an Insurance
Subsidiary, that are sufficiently secured by appropriate assets of such Insurance Subsidiary consisting of government agency mortgage-backed securities in accordance with the rules, regulations and guidelines of such FHLMB for its loan programs.

 “Person” means any individual, corporation, limited liability company, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision hereof or any other entity. 
 “Preferred Stock” means, as applied to the Capital Stock of any corporation, Capital Stock of any class or classes (however designated) that 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. 

  
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 “Priority Leverage Ratio” means, at any date, the ratio of 

(i) the aggregate principal amount of Pari Passu Lien Indebtedness of the Company and its Restricted Subsidiaries as of
such date of calculation (determined on a consolidated basis in accordance with GAAP); provided that for purposes of calculating the Priority Leverage Ratio, Indebtedness under a revolving credit facility shall be deemed to be Incurred on the
date on which commitments are provided with respect thereto and shall be deemed to have remained outstanding at all times until such commitments have been terminated, to 

(ii) Consolidated EBITDA of the Company for the four full fiscal quarters for which internal financial statements are
available immediately preceding such date on which such additional Indebtedness is Incurred; 
 and, in each case, with such pro forma
adjustments as are consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio. 
 “Private Placement Legend” means the legend set forth in Section 2.1(c) to be placed on all Notes issued under this Indenture except where otherwise permitted by the
provisions hereof. 
 “Purchase Money Indebtedness” means Indebtedness (including Capitalized Lease
Obligations) Incurred (within 365 days of such purchase or lease) to finance or refinance the purchase, lease, construction, installation, or improvement of any assets used or useful in a Related Business (whether through the direct purchase of
assets or through the purchase of Capital Stock of any Person owning such assets). 
 “PVFP” means the
actuarial determined value of the right to receive future cash flows from insurance contracts in force on September 10, 2003, the day the Company’s reorganization became effective. 

“QIB” means any “qualified institutional buyer” (as defined in Rule 144A). 

“Rating Agencies” means Standard & Poor’s Ratings Group, Inc. and Moody’s Investors Service, Inc. or
if Standard & Poor’s Ratings Group, Inc. or Moody’s Investors Service, Inc. or both shall not make a rating on the Notes publicly available, a nationally recognized statistical Rating Agency or agencies, as the case may be,
selected by the Company (as certified by a Board Resolution) which shall be substituted for Standard & Poor’s Ratings Group, Inc. or Moody’s Investors Service, Inc. or both, as the case may be. 

“Record Date” for the interest payable on any applicable Interest Payment Date means January 1 and July 1
(whether or not a Business Day) next preceding such Interest Payment Date. 
 “Refinance” means, in respect of
any Indebtedness, to refinance, extend, renew, refund, replace, repay, prepay, purchase, redeem, defease or retire, or to issue other Indebtedness in exchange or replacement for or to consolidate, such Indebtedness. “Refinanced” and
“Refinancing” shall have correlative meanings. 
 “Refinancing Indebtedness” means any
Indebtedness that Refinances any other Indebtedness, including any successive Refinancings, so long as: 
 (1)
such Indebtedness is in an aggregate principal amount (or if Incurred with original issue discount, an aggregate issue price) not in excess of the sum of: 
  

	 	(a)	the aggregate principal amount (or if Incurred with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being Refinanced, and

  
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	 	(b)	an amount necessary to pay any fees and expenses, including accrued and unpaid interest, premiums, transaction costs and defeasance costs, related to such Refinancing,

 (2) the Average Life of such Indebtedness is equal to or greater than the Average Life of the
Indebtedness being Refinanced, 
 (3) the Stated Maturity of such Indebtedness is no earlier than the Stated
Maturity of the Indebtedness being Refinanced, and 
 (4) if the Indebtedness being Refinanced was subordinated
to the Notes or the Subsidiary Guarantees, the new Indebtedness shall be subordinated to the Notes or the Subsidiary Guarantees, as applicable, at least to the same extent as such Indebtedness being Refinanced; 

provided, however, that Refinancing Indebtedness shall not include: 

(1) Indebtedness of a Restricted Subsidiary of the Company that is not a Subsidiary Guarantor that Refinances Indebtedness
of the Company or a Subsidiary Guarantor, or 
 (2) Indebtedness of the Company or a Restricted Subsidiary that
Refinances Indebtedness of an Unrestricted Subsidiary. 
 “Registrar” means initially, the Trustee and
thereafter, a replacement registrar chosen by the Company in accordance with this Indenture. 
 “Regulation S”
means Regulation S promulgated under the Securities Act. 
 “Regulation S Global Note” means a Global Note
bearing the Private Placement Legend and deposited with or on behalf of the Depositary and registered in the name of the Depositary or its nominee, issued in an initial denomination equal to the outstanding principal amount of the Notes initially
sold in reliance on Rule 903. 
 “Reinsurance Agreements” means any agreement, contract, treaty, certificate or
other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements,
contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

 “Related Business” means any business that is the same as or related, ancillary or complementary to any of
the businesses of the Company and its Restricted Subsidiaries on the Issue Date and any reasonable extension or evolution of any of the foregoing, including without limitation, the online business of the Company and its Restricted Subsidiaries.

  
 -31-

 “Restricted Definitive Note” means a Definitive Note bearing the Private
Placement Legend. 
 “Restricted Global Note” means a Global Note bearing the Private Placement Legend.

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

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

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

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

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“S&P” means Standard & Poor’s Ratings Group and any successor thereto. 

“Sale/Leaseback Transaction” means any direct or indirect arrangement relating to property now owned or hereafter
acquired by the Company or a Restricted Subsidiary whereby the Company or such Restricted Subsidiary transfers such property to a Person (other than the Company or any of its Subsidiaries) and the Company or such Restricted Subsidiary leases it from
such Person. 
 “SEC” means the United States Securities and Exchange Commission. 

“Secured Party” means (i) the Holders, (ii) the Trustee, (iii) the Collateral Agent and (iv) any
successors, indorsees, transferees and assigns of each of the foregoing. 
 “Securities Act” means the
Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder. 
 “Security
Agreement” means the security agreement dated December 21, 2010, among the Company, the Subsidiary Guarantors and the Collateral Agent, as the same may be amended, supplemented or otherwise modified from time to time. 

“Series” means (a) with respect to the First Lien Secured Parties, each of (i) the Credit Agreement Secured
Parties (in their capacities as such), (ii) the Secured Parties (in their capacity as such) and (iii) the Other First Lien Secured Parties that become subject to the Intercreditor Agreement after the date hereof that are represented by a
common Authorized Representative (in its capacity as such for such Other First Lien Secured Parties) and (b) with respect to any First Lien Secured Indebtedness, each of (i) the Credit Agreement Obligations, (ii) the Obligations under
the Notes and (iii) the Other First Lien Obligations incurred pursuant to any applicable agreement, which pursuant to any joinder agreement to the Intercreditor Agreement, are to be represented under the Intercreditor Agreement by a common
Authorized Representative (in its capacity as such for such Other First Lien Obligations). 
 “Significant
Subsidiary” means any Restricted Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 

  
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 “Stated Maturity” means, with respect to any security, the date specified
in the agreement governing or certificate relating to such security as the fixed date on which the final 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 Obligation” means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter Incurred) that is subordinated or junior in right of payment to the
Notes pursuant to a written agreement. No Indebtedness of the Company shall be deemed to be subordinated or junior in right of payment to any other Indebtedness of the Company solely by virtue of Liens, guarantees, maturity or payments or structural
subordination. 
 “Subsidiary” of any Person means (1) any corporation, association or other business
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 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 (2) any partnership (a) the sole general partner or the managing general partner of which is such Person or a
Subsidiary of such Person or (b) the only general partners of which are such Person or one or more Subsidiaries of such Person (or any combination thereof). Unless otherwise specified herein, each reference to a Subsidiary will refer to a
Subsidiary of the Company. 
 “Subsidiary Guarantee” means, individually, any Guarantee by a Subsidiary
Guarantor pursuant to the terms of this Indenture and any supplemental indenture thereto, and, collectively, all such Guarantees. Each such Subsidiary Guarantee will be in the form prescribed by this Indenture. 

“Subsidiary Guarantor” means each Restricted Subsidiary in existence on the Issue Date that provides a Subsidiary
Guarantee on the Issue Date (and any other Restricted Subsidiary that provides a Subsidiary Guarantee in accordance with this Indenture); provided that upon release or discharge of such Restricted Subsidiary from its Subsidiary Guarantee in
accordance with this Indenture, such Restricted Subsidiary ceases to be a Subsidiary Guarantor. 
 “substantially
concurrent” means, with respect to two or more events, the occurrence of such events within 45 days of each other. 

“Surplus Debentures” means, as to any Insurance Subsidiary, debt securities of such Insurance Subsidiary issued to the
Company or any other Subsidiary the proceeds of which are permitted to be included, in whole or in part, as Capital and Surplus of such Insurance Subsidiary as approved and permitted by the applicable Department. 

“Swap Contract” means any agreement relating to any transaction that is a rate swap, basis swap, forward rate
transaction, commodity swap, commodity option, equity or equity index swap or option, bond, note or bill option, interest rate option, forward foreign exchange transaction, cap, collar or floor transaction, currency swap, cross-currency rate swap,
swaption, currency option or any other similar transaction (including any option to enter into any of the foregoing) or any combination of the foregoing, and any master agreement relating to or governing any or all of the foregoing. 

“Tax Sharing Agreement” means the amended and restated consolidated income tax agreement dated January 1, 2004
among the Company and certain of its Subsidiaries as in effect on the 

  
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Issue Date or as thereafter amended in any manner, that, taken as a whole, is not more disadvantageous to the Holders of the Company in any material respect than such agreement as it was in
effect on the Issue Date. 
 “TIA” means the Trust Indenture Act of 1939 as in effect on the date hereof,
except as provided in Section 9.6 hereof. 
 “Trade Payables” means, with respect to any Person,
any accounts payable to trade creditors created, assumed or Guaranteed by such Person arising in the ordinary course of business in connection with the acquisition of goods or services. 

“Treasury Rate” means, as obtained by the Company, the yield to maturity at the time of computation of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior to the Redemption Date (or, if such
Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to January 15, 2014; provided, however, that if the period from the
Redemption Date to January 15, 2014 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to January 15, 2014 is less than one year, the weekly average yield
on actively traded United States Treasury securities adjusted to a constant maturity of one year will be used. 
 “Trust
Officer” means, when used with respect to the Trustee, 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 is referred because of such person’s knowledge
of and familiarity with the particular subject and who shall, in each case, have direct responsibility for the administration of this Indenture. 
 “Trustee” has the meaning assigned to such term in the preamble to this Indenture. 
 “Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to time. 
 “Unrestricted Definitive Note” means one or more Definitive Notes that do not bear and are not required to bear the Private Placement Legend. 

“Unrestricted Global Note” means a permanent Global Note substantially in the form of Exhibit A attached
hereto that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary, representing Notes
that do not bear the Private Placement Legend. 
 “Unrestricted Subsidiary” means (1) any Subsidiary of
the Company that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors of the Company in the manner provided below; and (2) any Subsidiary of an Unrestricted Subsidiary. 

  
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 The Board of Directors of 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 or consolidation or Investment therein) to be an Unrestricted Subsidiary only if: 

(1) such Subsidiary or any of its Subsidiaries does not own any Capital Stock or Indebtedness of or have any Investment
in, or own or hold any Lien on any property of, any other Subsidiary of the Company that is not a Subsidiary of the Subsidiary to be so designated or otherwise an Unrestricted Subsidiary; 

(2) all the Indebtedness of such Subsidiary and its Subsidiaries shall, at the date of designation, and will at all times
thereafter while they are Unrestricted Subsidiaries, consist of Non-Recourse Debt; 
 (3) such designation and
the Investment of the Company in such Subsidiary complies with Section 3.4; 
 (4) such Subsidiary,
either alone or in the aggregate with all other Unrestricted Subsidiaries, does not operate, directly or indirectly, all or substantially all of the business of the Company and its Subsidiaries; 

(5) such Subsidiary is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries has any
direct or indirect obligation: 
 (a) to subscribe for additional Capital Stock of such Person; or 

(b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels
of operating results; and 
 (6) on the date such Subsidiary is designated an Unrestricted Subsidiary, such
Subsidiary is not a party to any agreement, contract, arrangement or understanding with the Company or any Restricted Subsidiary with terms substantially less favorable to the Company than those that might have been obtained from Persons who are not
Affiliates of the Company. 
 Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by
filing with the Trustee a Board Resolution of the Company giving effect to such designation and an Officers’ Certificate certifying that such designation complies with the foregoing conditions. If, at any time, any Unrestricted Subsidiary would
fail to meet the foregoing requirements as an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary shall be deemed to be Incurred as of such date.

 The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided
that immediately after giving effect to such designation, no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and the Company could Incur at least $1.00 of additional Indebtedness pursuant
to Section 3.3(a) on a pro forma basis taking into account such designation. 
 “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 

  
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credit obligation of the United States of America, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a 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. 

“U.S. Person” means a U.S. Person as defined in Rule 902(k) of Regulation S under the Securities Act. 

“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, managers or trustees, as applicable, of such Person. 
 “Wholly-Owned
Subsidiary” means a Restricted Subsidiary, all of the Capital Stock of which (other than directors’ qualifying shares or local ownership shares) is owned by the Company or another Wholly Owned Subsidiary. 

SECTION 1.2. Other Definitions. 
  

			
	 Term
	  	Defined in
Section
		
	 “Actual Knowledge”
	  	7.2(g)
	 “Additional Notes”
	  	2.2
	 “Affiliate Transaction”
	  	3.8(a)
	 “Asset Disposition Offer”
	  	3.7(c)
	 “Asset Disposition Offer Amount”
	  	3.7(d)
	 “Asset Disposition Offer Period”
	  	3.7(d)
	 “Asset Disposition Purchase Date”
	  	3.7(d)
	 “Bankruptcy Law”
	  	6.1
	 “Change of Control Offer”
	  	3.9(b)
	 “Change of Control Payment”
	  	3.9(b)(i)
	 “Change of Control Payment Date”
	  	3.9(b)(ii)
	 “Company Conference Call”
	  	3.2(b)
	 “covenant defeasance option”
	  	8.1(b)
	 “Custodian”
	  	6.1
	 “Defaulted Interest”
	  	2.12
	 “DTC”
	  	2.1(b)
	 “Event of Default”
	  	6.1(a)
	 “Excess Proceeds”
	  	3.7(c))
	 “Guarantor Obligations”
	  	10.1
	 “Initial Lien”
	  	3.5
	 “legal defeasance option”
	  	8.1(b)
	 “Notice of Default”
	  	6.1
	 “Paying Agent”
	  	2.3
	 “Payment Default”
	  	6.1(a)(vi)(A)

  
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	 Term
	  	Defined in
Section
		
	 “Redemption Date”
	  	5.4
	 “Registrar”
	  	2.3
	 “Reinstatement Date”
	  	3.12(b)
	 “Restricted Payment”
	  	3.4(a)(iv)
	 “Special Interest Payment Date”
	  	2.12(a)
	 “Special Record Date”
	  	2.12(a)
	 “Successor Company”
	  	4.1(a)(i)
	 “Successor Guarantor”
	  	4.2(a)(i)
	 “Suspended Covenants”
	  	3.12(a)
	 “Suspension Period”
	  	3.12(b)
	 “Unutilized Excess Proceeds”
	  	3.7(c)

 SECTION 1.3.
Rules of Construction. Unless the context otherwise requires: 
 (a) a term has the meaning assigned to
it; 
 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

 (c) “or” is not exclusive; 

(d) “including” means including without limitation; 

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

(f) unsecured Indebtedness shall not be deemed to be subordinate or junior to secured Indebtedness merely by virtue of its
nature as unsecured Indebtedness; 
 (g) references to sections of, or rules under, the Securities Act or
Exchange Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; 
 (h) unless the context otherwise requires, any reference to an “Article,” “Section” or “clause” refers to an Article, Section or clause, as the case may be, of this
Indenture; and 
 (i) the words “herein,” “hereof” and “hereunder” and any other
words of similar import refer to this Indenture as a whole and not any particular Article, Section, clause or other subdivision. 
 SECTION 1.4. Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part hereof.

 The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes; 

  
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 “indenture security holder” means a Holder of a Note;

 “indenture to be qualified” means this Indenture; 

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

“obligor” on the Notes means each of the Company and any successor obligor upon the Notes. 

All other terms used in this Indenture that are defined by the TIA, defined by reference to another statute or defined by the Commission
rule under the TIA have the meanings so assigned to them. 
 ARTICLE II  

The Notes 

SECTION 2.1. Form and Dating. 
 (a) The Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A hereto, the terms of which are incorporated in and made a part hereof. The Notes
may have notations, legends or endorsements approved as to form by the Company, and required by law, stock exchange rule, agreements to which the Company is subject or usage. Each Note shall be dated the date of its authentication. The Notes shall
be issuable only in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 (b) The Notes shall
initially be issued in the form of one or more Global Notes and The Depository Trust Company (“DTC”), its nominees, and their respective successors, shall act as the Depositary with respect thereto. Each Global Note (i) shall
be registered in the name of the Depositary for such Global Note or the nominee of such Depositary, (ii) shall be delivered by the Trustee to such Depositary or held by the Trustee as custodian for the Depositary pursuant to such
Depositary’s instructions, and (iii) shall bear a Global Note Legend in substantially the following form: 
 UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE
DEPOSITARY OR A SUCCESSOR DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF

  
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THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY
OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

(c) Except as permitted by Section 2.6(i)(B), any Note not registered under the Securities Act shall bear the following
Private Placement Legend on the face thereof: 
 THE NOTES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER
(1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH
RULE 904 UNDER THE SECURITIES ACT, (2) AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER ANY OF THE NOTES REPRESENTED HEREBY EXCEPT (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE
WITH RULE 144A UNDER THE SECURITIES ACT, (C) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT, (D) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT OR (E) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OFF COUNSEL IF THE COMPANY SO REQUESTS) AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM
ANY OF THE NOTES REPRESENTED HEREBY ARE TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTION”, “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING GIVEN TO THEM
BY REGULATION S UNDER THE SECURITIES ACT. 
 Members of, or participants in, the Depository (“Agent Members”) shall
have no rights under this Indenture with respect to any Global Note held on their behalf by the Depository, or the Trustee as its custodian and the Depository may be treated by the Company, the Trustee and any agent of the Company or the Trustee as
the absolute owner of the global Note for all purposes whatsoever, including but not limited to notices and payments. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee
from giving effect to any written certification, proxy or other authorization furnished by the Depository or impair, as between the Depository and its Agent Members, the operation of customary practices governing the exercise of the rights of a
Holder of any Note. Any notice to be delivered to DTC (including, but not limited to, a notice of redemption) may be delivered electronically by the Trustee or the Company in accordance with the Applicable Procedures. 

  
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 SECTION 2.2. Form of Execution and Authentication. An Officer shall sign the Notes
for the Company by manual or facsimile signature. 
 If an Officer whose signature is on a Note no longer holds that office at
the time the Note is authenticated, the Note shall nevertheless be valid. 
 A Note shall not be valid until authenticated by
the manual signature of the Trustee. The signature of the Trustee shall be conclusive evidence that the Note has been authenticated under this Indenture. 
 The Trustee shall authenticate (i) Initial Notes for original issue on the Issue Date in an aggregate principal amount of $275,000,000 and (ii) subject to the Company’s compliance with
Sections 3.3 and 3.5, one or more series of Notes (“Additional Notes”) for original issue after the Issue Date (such Notes to be substantially in the form of Exhibit A) in an unlimited amount, in each case
upon receipt of a written order of the Company, which shall, in the case of any issuance of Additional Notes, certify that such issuance is in compliance with Sections 3.3 and 3.5 (an “Authentication Order”). In addition,
each such Authentication Order shall specify the amount of Notes to be authenticated, the date on which the Notes are to be authenticated, whether the securities are to be Initial Notes or Additional Notes and the aggregate principal amount of Notes
outstanding on the date of authentication, and shall further specify the amount of such Notes to be issued as Global Notes or Definitive Notes. Such Notes shall initially be in the form of one or more Global Notes, which (i) shall represent,
and shall be denominated in an amount equal to the aggregate principal amount of, the Notes to be issued or (ii) shall be registered in the name of the Depositary or its nominee. All Notes issued under this Indenture shall vote and consent
together on all matters as one class and no series of Notes will have the right to vote or consent as a separate class on any matter. 
 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes. Unless limited by the terms of such appointment, an authenticating agent may authenticate Notes whenever
the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or any Affiliate of the Company.

 SECTION 2.3. Registrar and Paying Agent. The Company shall maintain (i) an office or agency where Notes may be
presented for registration of transfer or for exchange (including any co-registrar, the “Registrar”) and (ii) an office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar shall
keep a register of the Notes and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term “Paying Agent” includes any additional paying agent. The Company may
change any Paying Agent, Registrar or co-registrar without prior notice to any Holder of a Note. The Company shall notify the Trustee in writing and the Trustee shall notify the Holders of the Notes of the name and address of any Agent not a party
to this Indenture. The Company or any of its domestically incorporated Wholly-Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar. The Company shall enter into an appropriate agency agreement with any Agent not a party to this
Indenture, which shall incorporate the provisions of the TIA. The agreement shall implement the provisions hereof that relate to such Agent. The Company shall notify the Trustee in writing of the name and address of any such Agent. If the Company
fails to maintain a Registrar or Paying Agent, or fails to give the foregoing notice, the Trustee shall act as such, and shall be entitled to appropriate compensation in accordance with Section 7.11. 

The Company initially appoints the Trustee as Registrar and Paying Agent and to act as Notes Custodian with respect to the Notes.

  
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 SECTION 2.4. Paying Agent to Hold Money in Trust. The Company shall require each
Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of the Notes or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and
interest on the Notes, and shall notify the Trustee in writing of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company
at any time may require a Paying Agent to pay all money held by such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its domestically incorporated Wholly-Owned Subsidiaries) shall
have no further liability for the money delivered to the Trustee. If the Company or any of its domestically incorporated Wholly-Owned Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the
Holders of the Notes all money held by it as Paying Agent. 
 SECTION 2.5. Lists of Holders of the Notes. 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 of the Notes and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the
Company shall furnish to the Trustee at least seven Business Days before each Interest Payment Date and at such other times as the Trustee may 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 of the Notes, including the aggregate principal amount of the Notes held by each thereof, and the Company shall otherwise comply with TIA § 312(a). 

SECTION 2.6. Transfer and Exchange. 
 (a) Transfer and Exchange of Global Notes. A Global Note may not be transferred as a whole except by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the
Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. Global Notes will be exchanged by the Company for Definitive Notes, subject to any
applicable laws, only (i) if the Company delivers to the Trustee notice from the Depositary that (A) the Depositary is unwilling or unable to continue to act as Depositary for the Global Notes or (B) the Depositary is no longer a
clearing agency registered under the Exchange Act and, in either case, the Company fails to appoint a successor Depositary within 90 days after the date of such notice from the Depositary or (ii) upon request of the Trustee or Holders of a
majority of the aggregate principal amount of outstanding Notes if there shall have occurred and be continuing an Event of Default with respect to the Notes. In any such case, the Company will notify the Trustee in writing that, upon surrender by
the Participants and Indirect Participants of their interests in such Global Note, certificated Notes will be issued to each Person that such Participants, Indirect Participants and DTC jointly identify as being the beneficial owner of the related
Notes. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.7 and 2.10. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to
this Section 2.6 or Section 2.7 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this
Section 2.6. However, beneficial interests in a Global Note may be transferred and exchanged as provided in paragraph (b) or (c) below. 
 (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global Notes shall be effected through the Depositary, in accordance
with the provisions hereof and the Applicable Procedures. Beneficial interests in the Restricted Global Notes shall be subject to restrictions on transfer comparable to those set forth in this Indenture to the extent required by the Securities Act.
Transfers of beneficial interests in the Global Notes also shall require compliance with the applicable subparagraphs below. 
 (i) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial
interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period, no transfer of beneficial interests
in a Regulation S Global Note may be made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser) unless permitted by applicable law and made in compliance with subparagraphs (ii) and (iii) below.
Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to
the Registrar to effect the transfers described in this subparagraph (i) unless specifically stated above. 

  
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 (ii) All Other Transfers and Exchanges of Beneficial Interests in Global
Notes. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 2.06(b)(i) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(a) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures
directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(2) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be
credited with such increase; or 
 (b) (1) a written order from a Participant or an Indirect Participant given to the Depositary
in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(2) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note
shall be registered to effect the transfer or exchange referred to in (1) above. 
 Upon satisfaction of all
of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global
Note(s) pursuant to Section 2.6(k) hereof. 
 (iii) Transfer of Beneficial Interests to Another
Restricted Global Note. A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the
requirements of subparagraph (ii) above and the Registrar receives the following: 
 (A) if the transferee
will take delivery in the form of a beneficial interest in a 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; and 

  
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 (B) if the transferee will take delivery in the form of a beneficial
interest in a Regulation S Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof. 

(iv) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an
Unrestricted Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any Holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a
beneficial interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.6(b)(ii) above and: 
 (A) such transfer is effected pursuant to an effective registration statement under the Securities Act; or 
 (B) the Registrar receives the following: 
 (A) if the holder of such beneficial
interest in a Restricted Global Note proposes to exchange such beneficial interest for a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item
(1)(a) thereof; or 
 (B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such
beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item
(4) thereof; 
 and, in each such case set forth in this subparagraph (B), if the Company so requests or if the Applicable
Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private
Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
 If any such transfer is
effected pursuant to subparagraph (A) or (B) above at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.2 hereof,
the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial interests exchanged or transferred pursuant to subparagraph (A) or (B) above.

 Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery
thereof in the form of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer and Exchange of Beneficial
Interests for Definitive Notes. 
 (i) Transfer and Exchange of Beneficial Interests in Restricted Global Notes for
Restricted Definitive Notes. Subject to Section 2.6(a), if any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial
interest to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then upon receipt by the Registrar of the following documentation: 
 (A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of
Exhibit C hereto, including the certifications in item (2)(a) thereof; 

  
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 (B) if such beneficial interest is being transferred to a QIB in accordance
with Rule 144A under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 

(C) if such beneficial interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with
Rule 903 or Rule 904 under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; and 

(D) if such beneficial interest is being transferred to the Company or any of its Subsidiaries, a certificate to the
effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 
 the Trustee shall cause the
aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to paragraph (k) below, and the Company shall execute and, upon receipt of an Authentication Order the Trustee shall authenticate and deliver to the
Person designated in the certificate a Restricted Definitive Note in the appropriate principal amount. Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this paragraph (c) shall
be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The
Trustee shall deliver such Restricted Definitive Notes to the Persons in whose names such Notes are so registered. Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this subparagraph
(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 
 (ii) Transfer and Exchange of Beneficial Interests in Restricted Global Notes for Unrestricted Definitive Notes. Subject to Section 2.6(a), a holder of a beneficial interest in a
Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if: 

(A) such transfer is effected pursuant to an effective registration statement under the Securities Act; or; 

(B) the Registrar receives the following: 

(i) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest
for an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

(ii) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest
to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

  
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 and, in each such case set forth in this subparagraph (B), if the Company so requests or if
the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and
in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
 (iii)
Transfer and Exchange of Beneficial Interests in Unrestricted Global Notes for Unrestricted Definitive Notes. Subject to Section 2.6(a), if any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange
such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in subparagraph (b)(ii) above, the
Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to paragraph (k) below, and the Company shall execute and, upon receipt of an Authentication Order the Trustee shall
authenticate and deliver to the Person designated in the certificate a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this subparagraph (c)(iii) shall be registered
in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall
deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest pursuant to this subparagraph (c)(iii) shall not bear the Private Placement Legend.

 (d) Transfer and Exchange of Definitive Notes for Beneficial Interests. 

(i) Transfer and Exchange of Restricted Definitive Notes for Beneficial Interests in Restricted Global Notes. If any
Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest
in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the
Holder of such Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item
(2)(b) thereof; 
 (B) if such Restricted Definitive Note is being transferred to a QIB in accordance with
Rule 144A under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; or 
 (C) if such Restricted Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904 under the Securities Act, a certificate to the effect
set forth in Exhibit B hereto, including the certifications in item (2) thereof, 
 the Trustee shall cancel the Restricted
Definitive Note, increase or cause to be increased the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A Global Note, and in the case of clause
(C) above, the Regulation S Global Note. 

  
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 (ii) Transfer and Exchange of Restricted Definitive Notes for Beneficial Interests in
Unrestricted Global Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of
a beneficial interest in an Unrestricted Global Note only if the Registrar receives the following: 
 (a) if the
Holder of such Definitive Notes proposes to exchange such Notes for a beneficial interest in an Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item
(1)(c) thereof; or 
 (b) if the Holder of such Definitive Notes proposes to transfer such Notes to a
Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the applicable certifications in item (4) thereof;

 and, in each such case set forth in this Section 2.6(d)(ii), if the Company so requests or if the Applicable
Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained in this Indenture and in
the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
 Upon
satisfaction of the conditions of any of the subparagraphs in this subparagraph (d)(ii), the Trustee shall cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 

(e) Transfer and Exchange of Unrestricted Definitive Notes for Beneficial Interests in Unrestricted Global Notes. A Holder of an
Unrestricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Unrestricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an
Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the
Unrestricted Global Notes. 
 If any such exchange or transfer from an Unrestricted Definitive Note or a Restricted Definitive
Note, as the case may be, to a beneficial interest is effected pursuant to subparagraph (ii)(B), (ii)(D) or (iii) above at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of an
Authentication Order in accordance with Section 2.2, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Unrestricted Definitive Notes or Restricted
Definitive Notes, as the case may be, so transferred. 
 (f) Transfer and Exchange of Definitive Notes for Definitive
Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this paragraph (f), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or
exchange, the requesting Holder shall present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or its attorney,
duly authorized in writing. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this paragraph (f). 

  
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 (g) Transfer of Restricted Definitive Notes to Restricted Definitive Notes.
(i) Any Restricted Definitive Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A) if the transfer will be made pursuant to Rule 144A under the Securities Act, then the transferor must deliver a
certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 
 (B)
if the transfer will be made pursuant to Rule 903 or Rule 904, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

(C) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act,
then the transferor must deliver a certificate in the form of Exhibit B hereto, including, if the Company so requests, a certification or Opinion of Counsel in form reasonably acceptable to the Company to the effect that such transfer is in
compliance with the Securities Act. 
 (ii) Transfer and Exchange of Restricted Definitive Notes for
Unrestricted Definitive Notes. Any Restricted Definitive Note may be exchanged by the Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive
Note if: 
 (A) any such transfer is effected pursuant to an effective registration statement under the
Securities Act; or 
 (B) the Registrar receives the following: 

(A) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note, a certificate
from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 
 (B) if the
Holder of such Restricted Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the
certifications in item (4) thereof; 
 and, in each such case set forth in this subparagraph (B), if the Company so
requests, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement
Legend are no longer required in order to maintain compliance with the Securities Act. 
 (h) Transfer of Unrestricted
Definitive Notes to Unrestricted Definitive Notes. A Holder of Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register
such a transfer, the Registrar shall register the Unrestricted Definitive Notes pursuant to the instructions from the Holder thereof. 
 (i) Private Placement Legend. 

  
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 (A) Except as permitted by subparagraph (B) below, each Global Note (other than an
Unrestricted Global Note) and each Definitive Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the Private Placement Legend. 
 (B) Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraph (b)(iv), (c)(ii), (c)(iii), (d)(ii), (e) or (g)(ii) of this Section 2.6 (and all
Notes issued in exchange therefor or substitution thereof) shall not bear the Private Placement Legend. 
 (j) Global Note
Legend. Each Global Note shall bear the Global Note Legend. 
 (k) Cancellation and/or Adjustment of Global Notes. At
such time as all beneficial interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or
retained and canceled by the Trustee in accordance with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof
in the form of a beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by
the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note,
such other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

(l) General Provisions Relating to Transfers and Exchanges. 

(i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Global Notes and
Definitive Notes upon receipt of an Authentication Order. 
 (ii) No service charge shall be made to a holder of a beneficial
interest in a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection
therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.2, 2.10, 3.7, 3.9 and 5.7). 

(iii) Neither the Registrar nor the Trustee shall be required to register the transfer of or exchange any Note selected for redemption
in whole or in part, except for the unredeemed portion of any Note being redeemed in part. 
 (iv) All Global Notes and
Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive Notes shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits hereof, as the Global Notes or
Definitive Notes surrendered upon such registration of transfer or exchange. 
 (v) Neither the Trustee, the Registrar nor the
Company shall be required (A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business on a Business Day 15 days before the mailing of a notice of redemption of Notes and ending at the
close of business on the day of such mailing or (B) to register the transfer of or to exchange any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

  
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 (vi) Prior to due presentment for the registration of a transfer of any Note, the Trustee,
any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of
the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (vii) The Trustee shall authenticate
Global Notes and Definitive Notes in accordance with the provisions of Section 2.2. 
 (viii) All certifications,
certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.6 to effect a registration of transfer or exchange may be submitted by facsimile. 

(ix) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer
imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Participants or Indirect Participants) 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.

 (x) Neither the Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the Depositary.

 (xi) The Trustee shall have no responsibility or obligation to any Participant or Indirect Participant or any other Person
with respect to the accuracy of the books or records, or the acts or omissions, of the Depositary 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 or Indirect Participant or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount, 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 under the Notes shall be given or made only to or upon the order of the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of beneficial owners in
any Global Note shall be exercised only through the Depositary subject to the customary procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its
Participants or Indirect Participants. 
 SECTION 2.7. Replacement Notes. 

If any mutilated Note is surrendered to the Trustee, or the Company and the Trustee receive evidence to their satisfaction of the
destruction, loss or theft of any Note, the Company shall issue and the Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Note if the Trustee’s requirements for replacements of Notes are met. The Holder must
supply indemnity or security sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent or any authenticating agent from any loss which any of them may suffer if a Note is replaced. The Company and the
Trustee may charge for their fees and expenses in replacing a Note including amounts to cover any tax, assessment, fee or other governmental charge that may be imposed in relation thereto. 

Every replacement Note is an obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and
proportionately with all other Notes duly issued here under. 

  
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 SECTION 2.8. Outstanding Notes. 

The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it
for cancellation and those described in this Section 2.8 as not outstanding. 
 If a Note is replaced pursuant to
Section 2.7, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a protected purchaser. 
 If the principal amount of any Note is considered paid under Section 3.1 hereof, it shall cease to be outstanding and interest on it shall cease to accrue. 

Subject to Section 2.9, a Note does not cease to be outstanding because the Company, a Subsidiary of the Company or an
Affiliate of the Company holds the Note. 
 SECTION 2.9. Treasury Notes. In determining whether the Holders of the
required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company, any Subsidiary of the Company or any Affiliate of the Company shall be considered as though not outstanding, except that for purposes
of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes which a Trust Officer actually knows to be so owned shall be so considered. Notwithstanding the foregoing, Notes that are to be
acquired by the Company, any Subsidiary of the Company or an Affiliate of the Company pursuant to an exchange offer, tender offer or other agreement shall not be deemed to be owned by the Company, a Subsidiary of the Company or an Affiliate of the
Company until legal title to such Notes passes to the Company, such Subsidiary or such Affiliate, as the case may be. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and
identifying all Notes, if any known by the Company to be owned or held by or for the account of any of the Company or any Affiliate of the Company, and the Trustee shall be entitled to accept and rely upon such Officers’ Certificate as
conclusive evidence of the facts therein set forth and of the fact that all Notes not listed therein are outstanding for the purpose of any determination. 
 SECTION 2.10. Temporary Notes. Until Definitive Notes are ready for delivery, the Company may prepare and, upon receipt of an Authentication Order the Trustee shall authenticate temporary Notes.
Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Company and the Trustee consider appropriate for temporary Notes. Without unreasonable delay, the Company shall prepare and the Trustee, upon
receipt of an Authentication Order, shall authenticate definitive Notes in exchange for temporary Notes. Until such exchange, temporary Notes shall be entitled to the same rights, benefits and privileges as Definitive Notes. 

SECTION 2.11. Cancellation. The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying
Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall
dispose of all canceled Notes in its customary manner (subject to the record retention requirements of the Exchange Act). The Company may not issue new Notes to replace Notes that it has redeemed or paid or that have been delivered to the Trustee
for cancellation. 
 SECTION 2.12. 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 interest at the
office or agency of the Company maintained for such purpose pursuant to Section 2.3. 

  
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 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 by virtue of having been such Holder, 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 Company, at its election in each case, as provided in
clause (a) or (b) below: 
 (a) The Company 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 Company 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 unless a shorter period shall be acceptable to the Trustee) of the proposed
payment (the “Special Interest Payment Date”), and at the same time the Company 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 clause provided.
Thereupon the Company shall fix a record date (the “Special Record Date”) for the payment of such Defaulted Interest, which shall be not more than 15 days and not less than 10 days prior to the Special Interest Payment Date and not
less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Company shall promptly notify the Trustee, in writing, of such Special Record Date and shall, or at the written request and in the name and at the expense
of the Company, 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 12.1, not less
than 10 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 following
clause (b). 
 (b) The Company 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 notice given by the Company to the Trustee of the proposed payment pursuant to this
clause (b), such manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this
Section, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note.

 SECTION 2.13. CUSIP Numbers. The Company in issuing the Notes may use “CUSIP” numbers (if then generally in
use). The Trustee shall not be responsible for the use of CUSIP numbers, and the Trustee makes no representation as to their correctness as printed on any Note or notice to Holders. The Company shall promptly notify the Trustee in writing of any
change in the CUSIP numbers. 

  
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 SECTION 2.14. Reserved. 

SECTION 2.15. Record Date. The Record Date for purposes of determining the identity of Holders of the Notes entitled to vote or
consent to any action by vote or consent authorized or permitted under this Indenture shall be determined as provided for in TIA § 316(c). 
 ARTICLE III  
 Covenants 

SECTION 3.1. Payment of Notes. The Company 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 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 Company shall pay interest on overdue principal at the rate specified therefor in the Notes. 

Notwithstanding anything to the contrary contained in this Indenture, the Company 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. Reports. 
 (a) Notwithstanding that the Company may not be
subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company shall provide to the Trustee and the registered Holders of the Notes, within 15 days of the applicable time periods specified in the relevant forms:

 (1) all quarterly and annual financial information that would be required to be contained in a filing with the
SEC on Forms 10-Q and 10-K if the Company were required to file such Forms (but without any requirement to provide separate financial statements of any Subsidiary of the Company), including a “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and, with respect to the annual information only, a report on the annual financial statements by the Company’s independent registered public accounting firm; and 

(2) all current reports that would be required to be filed with the SEC on Form 8-K if the Company were required to file
such reports; provided, however, that to the extent such reports are filed with the SEC and publicly available, such reports shall have been deemed to have been provided to the Holders and no additional copies need to be provided to
the Holders, however, copies will still be delivered to the Trustee. 
 If the Company has designated any of its Subsidiaries as
Unrestricted Subsidiaries and such Unrestricted Subsidiaries, either individually or collectively, would otherwise have been a Significant Subsidiary, then the quarterly and annual financial information required by the preceding paragraph shall
include a summary presentation, in the footnotes to the financial statements, of the financial condition and results of operations of the Company and its Restricted Subsidiaries. 

  
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 In addition, the Company and the Subsidiary Guarantors shall make available to the Holders
and to prospective investors, upon the request of such Holders, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to the extent such Notes constitute “restricted securities” within the meaning of
the Securities Act. 
 The Company shall maintain a website to which all of the reports and press releases required by this
Section 3.2 are posted (unless such reports are otherwise filed with the SEC). 
 (b) So long as any Notes are
outstanding, the Company will also: 
 (1) within 15 Business Days after providing the annual and quarterly information required
pursuant to Section 3.2(a) (or such earlier time as the Company determines), hold a conference call (the “Company Conference Call”) to discuss the results of operations for the relevant reporting period; and 

(2) issue a press release to an internationally recognized wire service no fewer than three Business Days prior to the proposed date of
the Company Conference Call, announcing the time and date of the Company Conference Call and either including all information necessary to access the call or directing Holders, prospective investors that certify that they are qualified institutional
buyers, securities analysts and market makers to contact the appropriate person at the Company to obtain such information. The Company Conference Call may be part of or separate from any earnings or similar conference call relating to the financial
results of the Company or any of its Subsidiaries as long as such call otherwise meets the requirements of the foregoing clauses (1) and (2). 
 In addition, if at any time any direct or indirect parent company of the Company becomes a Subsidiary Guarantor (there being no obligation of any such parent to do so), such entity holds no material
assets other than cash, cash equivalents and the Capital Stock of the Company or any other direct or indirect parent of the Company (and performs the related incidental activities associated with such ownership) and would comply with the
requirements of Rule 3-10 of Regulation S-X promulgated by the SEC (or any successor provision), the reports, information and other documents required to be furnished to Holders pursuant to this Section 3.2 may, at the option of the
Company, be furnished by and be those of such parent rather than the Company. 
 SECTION 3.3. Limitation on Indebtedness.

 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any
Indebtedness (including Acquired Indebtedness); provided, however, that the Company and any Restricted Subsidiary that is a Subsidiary Guarantor may Incur Indebtedness (including Acquired Indebtedness) if the Fixed Charge Coverage Ratio of the
Company and its Restricted Subsidiaries for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is Incurred would have been at
least 2.00 to 1.00 determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been Incurred and the application of proceeds therefrom had occurred at the beginning of such
four-quarter period. 

  
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 (b) The provisions of Section 3.3(a) shall not apply to the Incurrence of the
following Indebtedness: 
 (i) Indebtedness of the Company evidenced by the Notes (other than Additional Notes)
and Indebtedness of Subsidiary Guarantors evidenced by the Subsidiary Guarantees relating to the Notes (other than Additional Notes); 
 (ii) Indebtedness Incurred pursuant to Debt Facilities in an aggregate principal amount not to exceed $375.0 million, at any time outstanding, less to the extent a permanent repayment or commitment
reduction is required thereunder as a result of such application, the aggregate principal amount of all principal repayments following the Issue Date actually made under any Debt Facilities incurred in reliance on this clause (2) with Net
Available Cash from Asset Dispositions; 
 (iii) Guarantees by the Company or a Subsidiary Guarantor (including
any Restricted Subsidiary the Company elects to cause to become a Subsidiary Guarantor in connection therewith) of Indebtedness permitted to be Incurred by the Company or a Restricted Subsidiary in accordance with the provisions of this Indenture;
provided that (x) if such Indebtedness is by its express terms subordinated in right of payment to the Notes or the Guarantee of such Restricted Subsidiary, as applicable, any such guarantee of such Subsidiary Guarantor with respect to
such Indebtedness shall be subordinated in right of payment to such Subsidiary Guarantor’s Guarantee with respect to the Notes substantially to the same extent as such Indebtedness is subordinated to the Notes or the Guarantee of such
Restricted Subsidiary, as applicable, and (y) Non-Guarantor Subsidiaries of Indebtedness Incurred by Non-Guarantor Subsidiaries in accordance with the provisions of this Indenture; 

(iv) Indebtedness of the Company owing to and held by any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary
owing to and held by the Company or any other Restricted Subsidiary; provided, however, 
 (A) if
the Company is the obligor on Indebtedness owing to a Non-Guarantor Subsidiary, such Indebtedness is expressly subordinated to the prior payment in full in cash of all obligations with respect to the Notes; 

(B) if a Subsidiary Guarantor is the obligor on such Indebtedness and a Non-Guarantor Subsidiary is the obligee, such
Indebtedness is subordinated in right of payment to the Subsidiary Guarantees of such Subsidiary Guarantor; and 

(C) (1) any subsequent issuance or transfer of Capital Stock or any other event that results in any such Indebtedness
being beneficially held by a Person other than the Company or a Restricted Subsidiary of the Company; and (2) any subsequent sale or other transfer of any such Indebtedness to a Person other than the Company or a Restricted Subsidiary of the
Company; shall be deemed, in each case, to constitute an Incurrence of such Indebtedness by the Company or such Subsidiary, as the case may be; 
 (v) any Indebtedness (other than the Indebtedness described in clauses (i) and (ii)) outstanding on the Issue Date, and any Refinancing Indebtedness Incurred in respect of any Indebtedness described
in clause (i), this clause (v) or clause (vi) or Incurred pursuant to Section 3.3(a); 

  
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 (vi) Indebtedness of Persons Incurred and outstanding on the date on which
such Person became a Restricted Subsidiary or was acquired by, or merged or consolidated with or into, the Company or any Restricted Subsidiary (other than Indebtedness Incurred in connection with, or in contemplation of, such acquisition, merger or
consolidation); provided, however, that at the time such Person is acquired by, or merged or consolidated with, the Company or any Restricted Subsidiary and after giving effect to the Incurrence of such Indebtedness pursuant to this
clause (vi), either (x) the Company would have been able to Incur $1.00 of additional Indebtedness pursuant to Section 3.3(a); (y) the Fixed Charge Coverage Ratio for the Company and its Restricted Subsidiaries would be greater
than such Fixed Charge Coverage Ratio immediately prior to such acquisition, merger or consolidation; 
 (vii)
Indebtedness under Hedging Obligations; provided, however, that such Hedging Obligations are entered into (i) in the ordinary course of business by any Insurance Subsidiary or (ii) to fix, manage or hedge interest rate,
currency or commodity exposure of the Company or any Restricted Subsidiary and not for speculative purposes; 

(viii) (A) Purchase Money Indebtedness in an aggregate principal amount not to exceed $50.0 million at any one time
outstanding pursuant to this clause (viii)(A), and Refinancing Indebtedness thereof (but disregarding the requirements of clauses (b) through (d), (x) and (y) of the definition thereof) and (B) Capitalized Lease Obligations
arising from the sale and leaseback of the Company’s headquarters pursuant to clause (24) of the definition of “Asset Disposition”, and Refinancing Indebtedness thereof (but disregarding the requirements of clauses
(b) through (d), (x) and (y) of the definition thereof); 
 (ix) Indebtedness Incurred by the
Company or its Restricted Subsidiaries in respect of workers’ compensation claims, health, disability or other employee benefits or property, casualty or liability insurance, self-insurance obligations, performance, bid, surety, appeal and
similar bonds and completion Guarantees (not for borrowed money) or security deposits, letters of credit, banker’s guarantees or banker’s acceptances, in each case in the ordinary course of business (including letters of credit issued in
connection with reinsurance transactions entered into in the ordinary course of business); 
 (x) Indebtedness
arising from agreements of the Company or a Restricted Subsidiary providing for indemnification, adjustment of purchase price, earn-outs or similar obligations, in each case, Incurred or assumed in connection with the acquisition or disposition of
any business or assets of the Company or any business, assets or Capital Stock of a Subsidiary, other than Guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Capital Stock for the purpose of
financing such acquisition, provided that 
 (A) the maximum aggregate liability in respect of all such
Indebtedness shall at no time exceed the gross proceeds, including non-cash proceeds (the Fair Market Value of such non-cash proceeds being measured at the time received and without giving effect to subsequent changes in value), actually received by
the Company and its Restricted Subsidiaries in connection with such disposition; and 
 (B) such Indebtedness is
not reflected on the balance sheet of the Company or any of its Restricted Subsidiaries (contingent obligations referred to in a footnote to financial statements and not otherwise reflected on the balance sheet will not be deemed to be reflected on
such balance sheet for purposes of this clause (x); 

  
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 (xi) Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument, including, but not limited to, electronic transfers, wire transfers and commercial card payments drawn against insufficient funds in the ordinary course of business (except in the form of
committed or uncommitted lines of credit); provided, however, that such Indebtedness is extinguished within ten Business Days of Incurrence; 
 (xii) Indebtedness Incurred by the Company or any Restricted Subsidiary in connection with third party insurance premium financing arrangements not to exceed $20.0 million at any one time outstanding;

 (xiii) Indebtedness owed to banks and other financial institutions Incurred in the ordinary course of business
of the Company and its Restricted Subsidiaries with such banks or financial institutions that arise in connection with ordinary banking arrangements to provide treasury services or to manage cash balances of the Company and its Restricted
Subsidiaries; 
 (xiv) guarantees to suppliers or licensors (other than guarantees of Indebtedness) in the
ordinary course of business; 
 (xv) Indebtedness of the Company or any Restricted Subsidiary to the extent that
the Net Proceeds thereof are promptly deposited to defease the Notes in accordance with Article VIII; 
 (xvi) any Surplus Debentures issued by any Insurance Subsidiary to the Company or any of its Subsidiaries that remain outstanding on the Issue Date, and extensions, renewals or replacements thereof;

 (xvii) Permitted Transactions entered into by Insurance Subsidiaries; 

(xviii) non-recourse Indebtedness of Insurance Subsidiaries incurred in the ordinary course of business (x) existing
or arising under swap contracts entered into by Insurance Subsidiaries or (y) resulting from the sale or securitization of non-admitted assets, policy loans, CBOs and CMOs; 

(xix) (x) Indebtedness (including Surplus Debentures) owed by the Company or any Restricted Subsidiary (other than any
Non-Guarantor Subsidiary) to the Company or any Subsidiary (other than any Non-Guarantor Subsidiary); and (y) Indebtedness of the Company owing to any Restricted Subsidiary that is a Non-Guarantor Subsidiary pursuant to the Tax Sharing
Agreement; 
 (xx) Indebtedness (x) owed by any Non-Guarantor Subsidiary to any other Non-Guarantor
Subsidiary or (y) owed by any Non-Guarantor Subsidiary to the Company or any other Subsidiary; provided that the aggregate principal amount outstanding under this clause (xx) shall not exceed $30.0 million at any time; and 

(xxi) in addition to the items referred to in clauses (i) through (xx) above, Indebtedness of the Company and
its Restricted Subsidiaries in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this clause (xxi) and then outstanding, will not exceed $50.0 million
at any time outstanding. 
 (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 3.3: 
 (i) in the
event that Indebtedness meets the criteria of more than one of the types of Indebtedness described in Section 3.3(b) or could be Incurred pursuant to Section 3.3(a), the Company, in its sole discretion, may divide and
classify such item of Indebtedness (or any portion thereof) on the date of Incurrence and may later reclassify such item of Indebtedness (or any portion thereof) in any manner that complies with this Section 3.3 and only be required to
include the amount and type of such Indebtedness once; provided that all Indebtedness outstanding on the Issue Date under the New Senior Secured Credit Agreement shall be deemed Incurred on the Issue Date under Section 3.3(b)(ii)
and may not later be reclassified; 

  
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 (ii) Guarantees of, or obligations in respect of letters of credit relating
to, Indebtedness that is otherwise included in the determination of a particular amount of Indebtedness shall not be included; 
 (iii) if obligations in respect of letters of credit are Incurred pursuant to a Debt Facility and are being treated as Incurred pursuant to Section 3.3(b)(ii) and the letters of credit relate to
other Indebtedness, then such other Indebtedness shall not be included; 
 (iv) the principal amount of any
Disqualified Stock of the Company or a Restricted Subsidiary, or Preferred Stock of a Restricted Subsidiary that is not a Subsidiary Guarantor, 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; 
 (v) Indebtedness
permitted by this Section 3.3 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 3.3 permitting such Indebtedness; and 
 (vi) the amount of Indebtedness issued at a price
that is less than the principal amount thereof shall 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 or the amortization of debt discount, the payment of interest in the form of additional Indebtedness and the payment of dividends
in the form of additional shares of Preferred Stock or Disqualified Stock shall not be deemed to be an Incurrence of Indebtedness for purposes of this Section 3.3. The amount of any Indebtedness outstanding as of any date shall be
(i) the accreted value thereof in the case of any Indebtedness issued with original issue discount or the aggregate principal amount outstanding in the case of Indebtedness issued with interest payable-in-kind, (ii) the principal amount or
liquidation preference thereof, together with any interest thereon that is more than 30 days past due, in the case of any other Indebtedness, (iii) in the case of the guarantee by a specified Person of Indebtedness of another Person, the
maximum liability to which the specified Person may be subject upon the occurrence of the contingency giving rise to the obligation and (iv) in the case of Indebtedness of others guaranteed solely by means of a Lien on any asset or property of
the Company or any Restricted Subsidiary (and not to their other assets or properties generally), the lesser of (x) the Fair Market Value of such asset or property on the date on which such Indebtedness is Incurred and (y) the amount of
the Indebtedness so secured. 
 (d) For purposes of determining compliance with any U.S. dollar-denominated restriction on the
Incurrence of Indebtedness, the U.S. 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 Indebtedness, or first committed, in 

  
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the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to Refinance other Indebtedness denominated in a foreign currency, and such Refinancing would
cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been
exceeded so long as the principal amount of such Refinancing Indebtedness does not exceed the principal amount of such Indebtedness being Refinanced plus the amount of any reasonable premium (including reasonable tender premiums), defeasance costs
and any reasonable fees and expenses incurred in connection with the issuance of such new Indebtedness. Notwithstanding any other provision of this Section 3.3, the maximum amount of Indebtedness that the Company may Incur pursuant to
this Section 3.3 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 Refinancing Indebtedness is denominated that is in effect on the date of such Refinancing.

 SECTION 3.4. Limitation on Restricted Payments. 

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

(i) declare or pay any dividend or make any distribution (whether made in cash, securities or other property) on or in
respect of its Capital Stock (including any payment in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries) other than: 

(A) dividends or distributions payable solely 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 
 (B) dividends or
distributions by a Restricted Subsidiary payable to the Company or another Restricted Subsidiary (and if such Restricted Subsidiary is not a Wholly Owned Subsidiary, to its other holders of common Capital Stock on a pro rata basis or on a basis that
results in the receipt by the Company or a Restricted Subsidiary of dividends or distributions of a greater value than it would receive on a pro rata basis); 
 (ii) purchase, redeem, retire or otherwise acquire for value any Capital Stock of the Company held by Persons other than the Company or a Restricted Subsidiary (other than in exchange for Capital Stock of
the Company (other than Disqualified Stock)); 
 (iii) make any principal payment on, or purchase, repurchase,
redeem, defease or otherwise acquire or retire for value, prior to any scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Obligations other than the purchase, repurchase, redemption, defeasance or other
acquisition of such Subordinated Obligations 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
acquisition; or 
 (iv) make any Restricted Investment (all such payments and other actions referred to in
clauses (i) through (iv) (other than any exception thereto) shall be referred to as a “Restricted Payment”), unless, at the time of and after giving effect to such Restricted Payment: 

(1) no Default shall have occurred and be continuing (or would result therefrom); 

  
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 (2) immediately after giving effect to such transaction on a pro forma
basis, (1) the Company is able to Incur $1.00 of additional Indebtedness under Section 3.3(a) hereof; and (2) the Aggregate RBC Ratio exceeds 225%; 

(3) the aggregate amount of such Restricted Payment and all other Restricted Payments declared or made subsequent to the
Issue Date (excluding Restricted Payments made pursuant to clauses (i), (ii), (iii), (v), (vi), (vii), (viii), (ix), (x), (xii), (xiii), (xiv), (xv) and (xvi) of Section 3.4(b)) would not exceed the sum of, without duplication:

 (A) 50% of the Consolidated Net Income of the Company for the period (taken as one accounting period) from
January 1, 2011 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment (or, in the case such Consolidated Net Income for such period is a
deficit, minus 100% of such deficit), plus; 
 (B) 100% of the aggregate Net Cash Proceeds and the Fair Market
Value of marketable securities or other property received by the Company or a Restricted Subsidiary from the issue or sale of its Capital Stock (other than Disqualified Stock) or other capital contributions subsequent to the Issue Date, other than:

 (x) Net Cash Proceeds received from an issuance or sale of such Capital Stock to a Subsidiary of the Company
or to an employee stock ownership plan, option plan or similar trust to the extent such sale to an employee stock ownership plan or similar trust is financed by loans from or Guaranteed by the Company or any Restricted Subsidiary unless such loans
have been repaid with cash on or prior to the date of determination; and 
 (y) Net Cash Proceeds received by
the Company from the issue and sale of its Capital Stock to the extent applied to redeem Notes pursuant to Section 5.1(b); 
 (C) the amount by which Indebtedness of the Company and its Restricted Subsidiaries is reduced on the Company’s consolidated balance sheet upon the conversion or exchange subsequent to the Issue Date
of any Indebtedness of the Company or its Restricted Subsidiaries for Capital Stock (other than Disqualified Stock) of the Company (less the amount of any cash, or the Fair Market Value of any other property, distributed by the Company upon such
conversion or exchange); 
 (D) 100% of the Net Cash Proceeds and the Fair Market Value of property other than
cash and marketable securities from the sale or other disposition (other than to the Company or a Restricted Subsidiary) of Restricted Investments made after the Issue Date and redemptions and repurchases of such Restricted Investments from the
Company or its Restricted Subsidiaries and repayment 

  
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of Restricted Investments in the form of loans or advances from the Company and its Restricted Subsidiaries and releases of Guarantees that constitute Restricted Investments by the Company and
its Restricted Subsidiaries (other than in each case to the extent the Restricted Investment was made pursuant to Section 3.4(b)(xi)); 
 (E) 100% of the Net Cash Proceeds and the Fair Market Value of property other than cash and marketable securities received by the Company or its Restricted Subsidiaries from the sale (other than to the
Company or a Restricted Subsidiary) of the stock of an Unrestricted Subsidiary (other than in each case to the extent the Investment in such Unrestricted Subsidiary was made by the Company or a Restricted Subsidiary pursuant to
Section 3.4(b)(xi) or (xvi) or to the extent such Investment constituted a Permitted Investment); and 
 (F) to the extent that any Unrestricted Subsidiary of the Company designated as such after the Issue Date is redesignated as a Restricted Subsidiary or any Unrestricted Subsidiary of the Company merges
into or consolidates with the Company or any of its Restricted Subsidiaries or any Unrestricted Subsidiary transfers, dividends or distributes assets to the Company or a Restricted Subsidiary, in each case after the Issue Date, the Fair Market Value
of such Subsidiary as of the date of such redesignation or such merger or consolidation, or in the case of the transfer, dividend or distribution of assets of an Unrestricted Subsidiary to the Company or a Restricted Subsidiary, the Fair Market
Value of such assets of the Unrestricted Subsidiary, as determined at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary or at the time of such merger, consolidation or transfer, dividend or distribution of
assets (other than an Unrestricted Subsidiary to the extent the Investment in such Unrestricted Subsidiary was made by a Restricted Subsidiary pursuant to Section 3.4(b)(xi) or to the extent such Investment constituted a Permitted
Investment). 
 (b) The provisions of Section 3.4(a) hereof shall not prohibit 

(i) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Capital Stock, Disqualified
Stock or Subordinated Obligations or any Restricted Investment made in exchange for, or out of the proceeds of the substantially concurrent sale of, Capital Stock of the Company (other than (x) Disqualified Stock and (y) Capital Stock
issued or sold to a Subsidiary or an employee stock ownership plan or similar trust to the extent such sale to an employee stock ownership plan or similar trust is financed by loans from or Guaranteed by the Company or any Restricted Subsidiary
unless such loans have been repaid with cash on or prior to the date of determination); provided, however, that the Net Cash Proceeds from such sale of Capital Stock shall be excluded from Section 3.4(a)(iv)(3)(B);

 (ii) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Subordinated
Obligations made by exchange for, or out of the proceeds of the substantially concurrent Incurrence of Refinancing Indebtedness; 
 (iii) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Disqualified Stock of the Company or a Restricted Subsidiary made by exchange for or out of the proceeds of the
substantially concurrent sale of Disqualified Stock of the Company or such Restricted Subsidiary, as the case may be, that, so long as such refinancing Disqualified Stock is permitted to be Incurred pursuant to Section 3.3; 

  
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 (iv) dividends paid within 90 days after the date of declaration if at such
date of declaration such dividend would have complied with this provision; 
 (v) the purchase, repurchase,
redemption or other acquisition, cancellation or retirement for value of Capital Stock, or options, warrants, equity appreciation rights or other rights to purchase or acquire Capital Stock, of the Company held by any existing or former employees,
management or directors of or consultants to the Company or any Subsidiary of the Company or their assigns, estates or heirs, in each case in connection with the repurchase provisions under employee stock option or stock purchase agreements or other
compensatory agreements approved by the Board of Directors of the Company; provided that such purchases, repurchases, redemptions, acquisitions, cancellations or retirements pursuant to this clause shall not exceed $5.0 million in the
aggregate during any calendar year, although such amount in any calendar year (with any unused amounts in any year being available in succeeding years) may be increased by an amount not to exceed: 

(A) the Net Cash Proceeds from the sale of Capital Stock (other than Disqualified Stock) of the Company to existing or
former employees or members of management of the Company or any of its Subsidiaries that occurs after the 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 (provided that the Net Cash Proceeds from such sales or contributions shall be excluded from Section 3.4(a)(iv)(3)(B)); plus 
 (B) the cash proceeds of third party key man life insurance policies received by the Company or its Restricted Subsidiaries after the Issue Date relating to the Company’s or such Restricted
Subsidiaries’ key persons who are so insured; less 
 (C) the amount of any Restricted Payments
previously made with the cash proceeds described in the clauses (A) and (B) of this clause (v); 
 (vi)
the accrual, declaration and payment of dividends to holders of any class or series of Disqualified Stock of the Company issued in accordance with the terms of this Indenture; 

(vii) repurchases or other acquisitions of Capital Stock deemed to occur (i) upon the exercise of stock options,
warrants, restricted stock units or other rights to purchase Capital Stock or other convertible securities if such Capital Stock represents a portion of the exercise price thereof or conversion price thereof or (ii) in connection with
withholdings or similar taxes payable by any future, present or former employee, director or officer; 
 (viii)
the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of any Subordinated Obligations at a purchase price not greater than 101% of the principal amount of (plus accrued and unpaid interest on) such
Subordinated Obligation in the event of a Change of Control in accordance with provisions similar to Section 3.9; provided that, prior to or simultaneously with such purchase, repurchase, redemption, defeasance or other
acquisition or retirement, the Company has made a Change of Control Offer under this Indenture and has completed the repurchase or redemption of all notes validly tendered for payment in connection with such Change of Control Offer under this
Indenture; 

  
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 (ix) cash payments in lieu of the issuance of fractional shares in
connection with the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock of the Company or other exchanges of securities of the Company or a Restricted Subsidiary in exchange for Capital Stock of the
Company; 
 (x) the purchase, repurchase, redemption, acquisition or retirement of Subordinated Obligations with
Unutilized Excess Proceeds remaining after an Asset Disposition Offer pursuant to Section 3.7; 

(xi) other Restricted Payments not to exceed $75.0 million in the aggregate since the Issue Date. 

(xii) the purchase of fractional shares of Capital Stock of the Company arising out of stock dividends, splits or
combinations or mergers, consolidations or other acquisitions; 
 (xiii) in connection with any acquisition by
the Company or any of its Subsidiaries, the receipt or acceptance of the return to the Company or any of its Restricted Subsidiaries of Capital Stock of the Company constituting a portion of the purchase price consideration in settlement of
indemnification claims or as a result of a purchase price adjustment (including earn outs or similar obligations); 
 (xiv) the distribution of rights pursuant to any shareholder rights plan or the redemption of such for nominal consideration in accordance with the terms of any shareholder rights plan; 

(xv) payments or distributions to stockholders pursuant to appraisal rights required under applicable law in connection
with any merger, consolidation or other acquisition by the Company or any Restricted Subsidiary; or 
 (xvi) the
distribution or transfer, as a dividend, Investment or otherwise, of shares of Capital Stock of Unrestricted Subsidiaries. 
 provided,
however, that at the time of and after giving effect to any Restricted Payment permitted under clauses (x), (xi) and (xv), no Default shall have occurred and be continuing or would occur as a consequence thereof. 

(c) The amount of all Restricted Payments (other than cash) shall be the Fair Market Value on the date of such Restricted Payment of the
assets 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
any non-cash Restricted Payment shall be determined conclusively in Good Faith by the Company. 
 For purposes of determining
compliance with this Section 3.4, in the event that a proposed Restricted Payment (or portion thereof) meets the criteria of more than one of the categories of Restricted Payments described in clauses (i) through (xvi) of
Section 3.4(b), or is entitled to be made pursuant to Section 3.4(a), the Company shall be entitled to divide and classify such Restricted Payment (or portion thereof) on the date of its payment in any manner that complies
with this Section 3.4. 
 If the Company or any Restricted Subsidiary makes a Restricted Investment or a Permitted
Investment and the Person in which such Investment was made subsequently becomes a Restricted 

  
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Subsidiary, to the extent such Investment resulted in a reduction of the amounts calculated under Section 3.4(a) or any other provision of this Section 3.4 or the
definition of Permitted Investment (which was not subsequently reversed), then such amount shall be increased by the amount of such reduction to the extent of the lesser of (x) the amount of such Investment and (y) the Fair Market Value of
such Investment at the time such Person becomes a Restricted Subsidiary. 
 (d) The Company shall not permit any Unrestricted
Subsidiary to become a Restricted Subsidiary except pursuant to the last sentence of the definition of “Unrestricted Subsidiary”. For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding
Investments by the Company and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted Payments in an amount determined as set forth in the definition of “Investment”. Such
designation shall be permitted only if a Restricted Payment in such amount would be permitted at such time and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 

SECTION 3.5. Limitation on Liens. The Company shall not, and shall not permit any of its Restricted Subsidiaries to create, incur
or assume any Lien (other than Permitted Liens) that secures any Indebtedness on any asset or property of the Company or such Restricted Subsidiary, other than Liens securing Indebtedness that are expressly junior in priority to the Liens on such
property or assets securing the Notes pursuant to a Permitted Junior Lien Intercreditor Agreement. Additionally, the Company will not, and will not permit any of its Restricted Subsidiaries to incur or suffer to exist any Lien (the “Initial
Lien”) on any Excluded Property to secure any Pari Passu Lien Indebtedness, unless the Company or such Restricted Subsidiary concurrently grants a Lien to the Collateral Agent to secure the Notes ranking pari passu with such Lien
securing such Pari Passu Lien Indebtedness; provided however, that any such Lien on Excluded Property created to secure the Notes pursuant to this sentence shall provide by its terms that upon the release and discharge of the Initial Lien on
such Excluded Property by the collateral agent for the Pari Passu Lien Indebtedness secured by such Initial Lien, the Lien on such Excluded Property securing the Notes shall be automatically and unconditionally released and discharged and the
Company may take any action necessary to memorialize such release or discharge. 
 SECTION 3.6. 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 any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 
 (i) (A) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by,
its profits, or 
 (B) pay any Indebtedness or other obligations owed to the Company or any Restricted Subsidiary
(it being understood that the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions being paid on Common Stock shall not be deemed a restriction on the ability to make
distributions on Capital Stock); 
 (ii) make any loans or advances to the Company or any Restricted Subsidiary
(it being understood that the subordination of 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 a restriction on the ability to make
loans or advances); or 

  
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 (iii) sell, lease or transfer any of its property or assets to the Company
or any Restricted Subsidiary (it being understood that such transfers shall not include any type of transfer described in clause (i) or (ii) of this Section 3.6(a)). 

(b) The restrictions in Section 3.6(a) shall not prohibit encumbrances or restrictions existing under or by reason of:

 (i) any encumbrance or restriction pursuant to an agreement in effect at or entered into on the Issue Date,
including, without limitation, this Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents, the Intercreditor Agreement and the New Senior Secured Credit Agreement (and related documentation) in effect on such date; 

(ii) any encumbrance or restriction with respect to a Person or assets pursuant to an agreement in effect on or before the
date on which such Person became a Restricted Subsidiary or was acquired by, merged into or consolidated with the Company or a Restricted Subsidiary (other than Capital Stock or Indebtedness Incurred as consideration in, or to provide all or any
portion of the funds or credit support utilized to consummate, the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was acquired by, merged into or consolidated with the Company or in
contemplation of the transaction) or such assets were acquired by the Company or any Restricted Subsidiary; provided, that any such encumbrance or restriction shall not extend to any Person or the assets or property of the Company or any
other Restricted Subsidiary other than the Person and its Subsidiaries or the assets and property so acquired and that, in the case of Indebtedness, was permitted to be Incurred pursuant to this Indenture; 

(iii) any encumbrance or restriction pursuant to an agreement effecting a Refinancing of Indebtedness Incurred pursuant to
an agreement referred to in clause (i) or (ii) of this Section 3.6(b) or this clause (iii) or contained in any amendment, restatement, modification, renewal, supplement, refunding, replacement or Refinancing of an
agreement referred to in clause (i) or (ii) of this Section 3.6(b) or this clause (iii); provided, however, that the encumbrances and restrictions with respect to such Restricted Subsidiary contained in any such
agreement are no less favorable (as determined in Good Faith by the Company) in any material respect, taken as a whole, to the Holders of the Notes than the encumbrances and restrictions contained in such agreements referred to in clause (i) or
(ii) of this Section 3.6(b) on the Issue Date or the date such Restricted Subsidiary became a Restricted Subsidiary or was merged into or consolidated with a Restricted Subsidiary, whichever is applicable; 

(iv) in the case of Section 3.6(a)(iii), encumbrances or restrictions arising in connection with Liens
permitted to be Incurred under the provisions of Section 3.5 that apply only to the assets subject to such Liens; 
 (v) Purchase Money Indebtedness permitted under this Indenture, in each case, that impose encumbrances or restrictions of the nature described in Section 3.6(a)(iii) on the property so
acquired; 

  
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 (vi) contracts for the sale of assets, including customary restrictions with
respect to a Subsidiary of the Company pursuant to an agreement that has been entered into for the sale of all or a portion of the Capital Stock or assets of such Subsidiary; 

(vii) restrictions on cash or other deposits or net worth imposed by customers or lessors or required by insurance, surety
or bonding companies under contracts entered into in the ordinary course of business; 
 (viii) any customary
provisions in leases, subleases or licenses and other agreements entered into by the Company or any Restricted Subsidiary in the ordinary course of business; 
 (ix) encumbrances or restrictions arising or existing by reason of applicable law or any applicable rule, regulation, order, permit or grant, including for the avoidance of doubt, any encumbrance or
restriction on any Insurance Subsidiary by any governmental authority having the power to regulate such Insurance Subsidiary; 
 (x) encumbrances or restrictions contained in or arising under indentures or debt instruments or other debt arrangements Incurred or Preferred Stock issued by Subsidiary Guarantors in accordance with
Section 3.3 that are not more restrictive, taken as a whole (as determined in Good Faith by the Company), than those applicable to the Company in this Indenture and the New Senior Secured Credit Agreement on the Issue Date (which results
in encumbrances or restrictions comparable to those applicable to the Company at a Restricted Subsidiary level); 

(xi) encumbrances or restrictions contained in or arising under indentures or other debt instruments or debt arrangements
Incurred or Preferred Stock issued by Restricted Subsidiaries that are not Subsidiary Guarantors subsequent to the Issue Date pursuant to clauses (ii), (v), (vi), (vii) and (xiv) of Section 3.3(b) by Restricted Subsidiaries,
provided that such encumbrances and restrictions contained in any agreement or instrument shall not materially affect the Company’s ability to make anticipated principal or interest payments on the Notes (as determined in Good Faith by
the Company); 
 (xii) under any contract, instrument or agreement relating to Indebtedness of any Foreign
Subsidiary which imposes restrictions solely on such Foreign Subsidiary and its Subsidiaries; 
 (xiii) customary
provisions in joint venture agreements and other similar agreements entered into in the ordinary course of business; and 
 (xiv) customary provisions contained in leases, licenses and other similar agreements entered into in the ordinary course of business. 

SECTION 3.7. 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 following the Issue
Date unless: 
 (i) the Company or such Restricted Subsidiary, as the case may be, receives consideration
at least equal to the Fair Market Value (such Fair Market Value to be determined as of the date of contractually agreeing to such Asset Disposition) of the assets subject to such Asset Disposition; and 

  
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 (ii) at least 75% of the consideration from such Asset Disposition received
by the Company or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents. 
 The Company shall determine the
Fair Market Value of any consideration from such Asset Disposition that is not cash or Cash Equivalents. 
 (b) Any Net
Available Cash received by the Company or any Restricted Subsidiary from any Asset Disposition shall be applied at the Company’s election: 
 (x) in the case of any Asset Disposition by a Non-Guarantor Subsidiary or consisting of Capital Stock of a Non-Guarantor Subsidiary, to repay Indebtedness of a Non-Guarantor Subsidiary, 

(y) to reinvest in or acquire assets (including Capital Stock or other securities purchased in connection with the
acquisition of Capital Stock or property of another Person that is or becomes a Restricted Subsidiary of the Company or that would constitute a Permitted Investment under clause (2) of the definition thereof) used or useful in a Related
Business (including, in the case of Asset Dispositions by an Insurance Subsidiary, securities or other investment assets of the type purchased by such Insurance Subsidiary in the ordinary course of business); provided that to the extent the
assets subject to such Asset Disposition were Collateral, such newly acquired assets shall also be Collateral, or 
 (z) to repay, prepay, purchase, redeem or otherwise acquire Pari Passu Lien Indebtedness under the New Senior Secured Credit Agreement (and, if the Pari Passu Lien Indebtedness so repaid, prepaid,
purchased, redeemed or acquired, is under a revolving credit facility, effect a permanent reduction in the availability thereunder in an amount equal to the aggregate principal amount of Pari Passu Lien Indebtedness under such revolving credit
facility so repaid, prepaid, purchased, redeemed or acquired). 
 (c) All Net Available Cash that is not applied or invested (or
committed pursuant to a written agreement to be applied or invested) as provided in subclause (x), (y) or (z) of the preceding paragraph within 365 days after receipt (or in the case of any amount committed to be so applied or reinvested,
which are not actually so applied or reinvested within 180 days following such 365 day period) will be deemed to constitute “Excess Proceeds”. When the aggregate amount of Excess Proceeds exceeds $30.0 million, the Company will be
required to make an offer (“Asset Disposition Offer”) to all Holders in an amount equal to the Notes First Lien Percentage (determined with respect to any Net Available Cash from any Asset Disposition included in such Excess
Proceeds at the time of such Asset Disposition) of such Excess Proceeds to purchase the maximum principal amount of the Notes (on a pro rata basis) that may be purchased out of the Note First Lien Percentage of such Excess Proceeds, at an
offer price in cash equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to, but excluding, the date of purchase (subject to the rights of Holders of record on any record date to receive payments of interest
on the related Interest Payment Date), in accordance with the procedures set forth in this Indenture in integral multiples of $1,000 (except that no Note will be purchased in part if the remaining principal amount would be less than $2,000). To the
extent that the aggregate amount of Notes so validly tendered and not properly withdrawn pursuant to an Asset Disposition Offer is less than the Notes First Lien Percentage of such Excess Proceeds, the Company may use any remaining portion of such
Excess Proceeds that is not applied to purchase Notes (“Unutilized Excess Proceeds”) for general corporate purposes, the repayment of Indebtedness or as otherwise required pursuant to its other contractual requirements, subject to
the terms of this Indenture. If the aggregate principal amount of Notes surrendered by 

  
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Holders exceeds the Notes First Lien Percentage of such Excess Proceeds, the Notes to be purchased shall be selected on a pro rata basis on the basis of the aggregate principal amount of tendered
Notes. Upon completion of such Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero. For the avoidance of doubt, the Company shall be permitted to apply Net Available Cash from any Asset Disposition (other than the Notes
First Lien Percentage thereof) to repay, prepay redeem, purchase or otherwise acquire Pari Passu Lien Indebtedness at any time; provided that any such Pari Passu Lien Indebtedness shall be cancelled by the Company and deemed no longer
outstanding; provided, further, that if the Pari Passu Lien Indebtedness so repaid, prepaid, purchased, redeemed or acquired, is under a revolving credit facility, the Company shall effect a permanent reduction in the availability thereunder in an
amount equal to the aggregate principal amount of Pari Passu Lien Indebtedness under such revolving credit facility so repaid, prepaid, purchased, redeemed or acquired. 
 (d) The Asset Disposition Offer shall remain open for a period of 20 Business Days following its commencement, except to the extent that a longer period is required by applicable law (the “Asset
Disposition Offer Period”). No later than five Business Days after the termination of the Asset Disposition Offer Period (the “Asset Disposition Purchase Date”), the Company shall purchase the principal amount of Notes
required to be purchased pursuant to this Section 3.7 (the “Asset Disposition Offer Amount”) or, if less than the Asset Disposition Offer Amount has been so validly tendered and not properly withdrawn, all Notes validly
tendered in response to the Asset Disposition Offer. 
 (i) On or before the Asset Disposition Purchase Date, the Company shall,
to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Asset Disposition Offer Amount of Notes or portions of Notes validly tendered and not properly withdrawn pursuant to the Asset Disposition Offer, or if less
than the Asset Disposition Offer Amount has been validly tendered and not properly withdrawn, all Notes validly tendered and not properly withdrawn, in each case in minimum denominations of $1,000 (except that no Note shall be purchased in part if
the remaining principal amount would be less than $2,000). The Company or the Paying Agent, as the case may be, shall promptly (but in any case not later than five Business Days after termination of the Asset Disposition Offer Period) mail or
deliver to each tendering Holder of Notes an amount equal to the purchase price of the Notes validly tendered and not properly withdrawn by such holder and accepted by the Company for purchase, and the Company shall promptly issue a new Note, and
the Trustee, upon receipt of an Authentication Order, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered; provided that each such new Note shall
be in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. 

(e) For the purposes of this Section 3.7, the following are deemed to be Cash Equivalents: (x) any liabilities (as shown
on the Company’s or such Restricted Subsidiary’s most recent balance sheet or in the Notes thereto) of the Company or any Restricted Subsidiary of the Company (other than liabilities that are by their terms subordinated to the Notes) that
are assumed by the transferee of any such assets (including, without limitation, liabilities relating to insurance products); (y) any Notes or other obligations or other securities or assets received by the Company or such Restricted Subsidiary
of the Company from such transferee that are converted within 180 days by the Company or such Restricted Subsidiary into cash (to the extent of the cash received); and (z) any Designated Non-cash Consideration received by the Company or any of
its Restricted Subsidiaries in such Asset Disposition having an aggregate Fair Market Value (determined in Good Faith by the Company), taken together with all other Designated Non-cash Consideration received pursuant to this clause (z) that is
at that time outstanding, not to exceed $25.0 million at the time of the receipt of such Designated Non-cash Consideration (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). 

  
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 (f) The Company shall comply, to the extent applicable, with the requirements of
Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Section 3.7. To the extent that the provisions of any securities laws or regulations conflict
with provisions of this Section 3.7, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 3.7 of this Indenture. 

(g) Pending the final application of any such Net Available Cash, the Company or its Restricted Subsidiaries may temporarily reduce
revolving indebtedness under any Debt Facility or otherwise invest such Net Available Cash in Cash Equivalents. 
 SECTION 3.8.
Limitation on Affiliate Transactions. 
 (a) The Company shall not, and shall not permit any of its Restricted
Subsidiaries 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”) unless:

 (i) the terms of such Affiliate Transaction, when viewed together with any related Affiliate Transactions, 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 in arm’s-length dealings with a Person who is not an
Affiliate; 
 (ii) in the event such Affiliate Transaction involves an aggregate consideration in excess of $15.0
million, the terms of such transaction have been approved by a majority of the disinterested members of the Board of Directors of the Company (and such majority determines that such Affiliate Transaction satisfies the criteria in clause
(i) above); and 
 (iii) in the event such Affiliate Transaction involves an aggregate consideration in
excess of $25.0 million, the Company has received an opinion from an Independent Financial Advisor that such Affiliate Transaction is fair, from a financial point of view, to the Company and the Restricted Subsidiaries, as applicable, or not
materially less favorable than those that might reasonably have been obtained in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate. 

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

(i) any (x) Restricted Payment permitted to be made pursuant to Section 3.4 and (y) Permitted
Investment in any Person that is an Affiliate of the Company solely as a result of ownership of Investments in such Person by the Company or any Restricted Subsidiary; 

(ii) any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the
funding of, employment agreements and other compensation arrangements, options to purchase Capital Stock of the Company pursuant to restricted stock plans, long-term incentive plans, stock appreciation rights plans, participation plans or similar
employee benefits plans, pension plans or similar plans or agreements or arrangements approved by the Board of Directors of the Company; 
 (iii) loans or advances to employees, officers or directors of the Company or any Subsidiary of the Company in the ordinary course of business, in an aggregate amount outstanding at any time not in excess
of $5.0 million (without giving effect to the forgiveness of any such loan); 

  
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 (iv) any transaction between or among the Company and any Restricted
Subsidiary or between or among Restricted Subsidiaries, and any Guarantees issued by the Company or a Restricted Subsidiary for the benefit of the Company or a Restricted Subsidiary; 

(v) the payment of reasonable and customary compensation (including fees, benefits, severance, change of control payments
and incentive arrangements) to, and employee benefit arrangements, including, without limitation, split-dollar insurance policies, and indemnity or similar arrangements provided on behalf of, directors, officers, employees and agents of the Company
or any Subsidiary, whether by charter, bylaw, statutory or contractual provisions; 
 (vi) the existence of, and
the performance of obligations of the Company or any of its Restricted Subsidiaries under the terms of any agreement to which the Company or any of its Restricted Subsidiaries is a party as of or on the Issue Date, as these agreements may be
amended, modified, supplemented, extended or renewed from time to time; provided, however, that any future amendment, modification, supplement, extension or renewal entered into after the Issue Date shall be permitted to the extent
that its terms, taken as a whole, are not more disadvantageous to the Holders of the Notes in any material respect, as determined in Good Faith by the Company, than the terms of the agreements in effect on the Issue Date; 

(vii) any agreement between any Person and an Affiliate of such Person existing at the time such Person is acquired by or
merged with or into or consolidated with the Company or a Restricted Subsidiary; provided that such agreement was not entered into in contemplation of such acquisition, merger or consolidation, or any amendment thereto (so long as any such
amendment is not disadvantageous in any material respect to the Holders, as determined in Good Faith by the Company, when taken as a whole as compared to the applicable agreement as in effect on the date of such acquisition or merger); 

(viii) insurance transactions, intercompany pooling and other reinsurance transactions entered into in the ordinary course
of business and consistent with past practice; 
 (ix) any purchases by the Company’s Affiliates of
Indebtedness of the Company or any of its Restricted Subsidiaries the majority of which Indebtedness is placed with Persons who are not Affiliates; 
 (x) arrangements for indemnification payments for directors and officers of the Company and its Subsidiaries; and 
 (xi) any issuance or sale of Capital Stock (other than Disqualified Stock) to Affiliates of the Company and the granting of registration and other customary rights in connection therewith or any
contribution to the Capital Stock of the Company or any Restricted Subsidiary. 
 SECTION 3.9. Change of Control.

 (a) If a Change of Control occurs, unless the Company has exercised its right to redeem all of the Notes as described under
Section 5.1, each Holder shall have the right to require the Company to repurchase all or any part (in integral multiples of $1,000 except that no Note may be tendered in part if the remaining principal amount would be less than $2,000)
of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of the Notes plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the right of Holders of record on the relevant
Record Date to receive interest due on the relevant Interest Payment Date). 

  
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 (b) Within 30 days following any Change of Control, except to the extent the Company has
exercised its right to redeem all of the Notes under Section 5.1, the Company shall mail a notice (the “Change of Control Offer”) to each Holder at the address appearing in the Note Register, with a copy to the Trustee,
stating: 
 (i) that a Change of Control Offer is being made and that such Holder has the right to require the
Company to purchase such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of such Notes plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the right of Holders of record
on a Record Date to receive interest on the relevant Interest Payment Date) (the “Change of Control Payment”); 
 (ii) the repurchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed) (the “Change of Control Payment Date”); 

(iii) the procedures determined by the Company, consistent with this Indenture, that a Holder must follow in order to have
its Notes repurchased; 
 (iv) that any Notes not tendered will continue to accrue interest in accordance with
the terms of this Indenture; 
 (v) that, unless the Company defaults in the payment of the Change of Control
Payment, all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest on the Change of Control Payment Date; 
 (vi) that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a
facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Notes delivered for purchase and a statement that such Holder is unconditionally withdrawing its election to have such Notes purchased; and

 (vii) that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal
amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or an integral multiple of $1,000 in excess thereof. 

(c) On the Change of Control Payment Date, the Company shall, to the extent lawful: 

(i) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer;

 (ii) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or
portions of Notes so tendered; and 
 (iii) deliver or cause to be delivered to the Trustee the Notes so accepted
together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 (d) The Paying Agent shall promptly mail to each Holder of Notes so tendered the Change of Control Payment for such Notes, and upon receipt of an Authentication Order the Trustee shall

  
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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 integral multiples of $1,000 in excess thereof. 
 (e) The Change of Control provisions described above shall be applicable whether or not any other provisions of this Indenture are applicable. 

(f) The Company shall not be required to make a Change of Control Offer upon a Change of Control if (i) 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 Company and purchases all Notes validly tendered and not withdrawn
under such Change of Control Offer or (ii) a notice of redemption for all of the outstanding Notes has been given pursuant to this Indenture unless and until there is a default in payment of the applicable redemption price, plus accrued and
unpaid interest to, but excluding, the proposed Redemption Date. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control, if a definitive
agreement is in place for the Change of Control at the time of making the Change of Control Offer. 
 (g) The Company shall
comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws or regulations thereunder in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent that
the provisions of any securities laws or regulations conflict with provisions of this Indenture, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this
Indenture by virtue of the conflict. 
 SECTION 3.10. Future Subsidiary Guarantors. 

(a) The Company shall cause (i) each Wholly Owned Subsidiary (other than any Foreign Subsidiary, any Insurance Subsidiary or any
Subsidiary of an Insurance Subsidiary) that is formed or acquired following the Issue Date and (ii) any other Subsidiary that Incurs Indebtedness in reliance on Section 3.3(b)(ii) to execute and deliver to the Trustee a supplemental
indenture pursuant to which such Restricted Subsidiary shall unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any, and interest in respect of the Notes on a senior secured basis
(to the extent provided in the Collateral Documents) and all other obligations under this Indenture, on the terms set forth in Article X; provided that any Wholly Owned Subsidiary that constitutes an Immaterial Subsidiary need not
become a Subsidiary Guarantor until 10 Business Days after the date on which financial statements are required to be delivered under this Indenture for the fiscal quarter in which it ceases to be an Immaterial Subsidiary. 

(b) Each Restricted Subsidiary that becomes a Subsidiary Guarantor on or after the Issue Date shall also become a party to the Security
Agreement and the other applicable Collateral Documents and the Intercreditor Agreement and, to the extent required by the Security Agreement, shall as promptly as practicable execute and deliver such security instruments, financing statements and
certificates as may be necessary to vest in the Collateral Agent a perfected first priority security interest on a pari passu basis with the Liens securing any Pari Passu Lien Indebtedness (subject to Permitted Liens) in properties and assets that
constitute Collateral as security for the Notes or the Subsidiary Guarantees and as may be necessary to have such property or asset added to the applicable Collateral as required under the Collateral Documents and this Indenture, and thereupon all
provisions of this Indenture relating to the Collateral shall be deemed to relate to such properties and assets to the same extent and with the same force and effect. 

  
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 SECTION 3.11. Limitation on Lines of Business. The Company shall not, and shall not
permit any Restricted Subsidiary to, engage in any business other than a Related Business. 
 SECTION 3.12. Effectiveness of
Covenants. 
 (a) After the Issue Date, following the first day: (i) the Notes have an Investment Grade Rating from
both of the Ratings Agencies; and (ii) no Default has occurred and is continuing under this Indenture; the Company and its Restricted Subsidiaries shall not be subject to Sections 3.3, 3.4, 3.6, 3.7, 3.8,
3.10 and 4.1(a)(iv) (collectively, the “Suspended Covenants”). Additionally, upon the commencement of a Suspension Period (as defined below), the amount of Excess Proceeds will be reset to zero. 

(b) If at any time the Notes’ credit rating is downgraded from an Investment Grade Rating by any Rating Agency, then the Suspended
Covenants shall thereafter be reinstated as if such covenants had never been suspended (the “Reinstatement 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 an Investment Grade Rating 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 Rating); provided, however, that no Default, Event of Default or breach of any kind shall be deemed to exist or have occurred under this Indenture, the
Notes, the Subsidiary Guarantees or any of the Collateral Documents 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 (as defined below), or any actions taken at any time pursuant to any contractual obligation arising prior to the Reinstatement Date, regardless of whether such actions or events would have been permitted if the applicable Suspended
Covenants remained in effect during such period. The period of time between the date of suspension of the covenants and the Reinstatement Date is referred to as the “Suspension Period”. 

(c) On the Reinstatement Date, all Indebtedness Incurred during the Suspension Period shall be deemed to have been outstanding on the
Issue Date, so that it is classified as permitted under Section 3.3(b)(v). Calculations made after the Reinstatement Date of the amount available to be made as Restricted Payments under Section 3.4 shall be made as though
Section 3.4 had been in effect since the Issue Date and throughout the Suspension Period. Accordingly, Restricted Payments made during the Suspension Period shall reduce the amount available to be made as Restricted Payments under
Section 3.4(a) to the extent such Restricted Payments were not otherwise permitted to be made pursuant to Section 3.4(b)(i) through (xvi); provided that the amount available to be made as Restricted Payments on
the Reinstatement Date pursuant to the first paragraph shall not be reduced below zero solely as a result of such Restricted Payments made during a Suspension Period. 
 (d) During any period when the Suspended Covenants are suspended, the Board of Directors of the Company may not designate any of the Company’s Subsidiaries as Unrestricted Subsidiaries pursuant to
this Indenture. 
 (e) The Company shall deliver to the Trustee an Officers’ Certificate notifying the Trustee of any
Reinstatement Date or the commencement of any Suspension Period and certifying that such suspension or reinstatement complied with the foregoing provisions, and in no event shall the Trustee be charged with the knowledge of such Suspension Period or
Reinstatement Date, except to the extent that a Trust Officer has received such Officers’ Certificate. In the case of a Suspension Period such notice shall list the Suspended Covenants. 

  
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 SECTION 3.13. Compliance Certificate. The Company shall deliver to the Trustee within
120 days after the end of each fiscal year of the Company (commencing with the fiscal year ending December 31, 2011) an Officers’ Certificate stating whether or not the signers know of any Default or Event of Default that occurred during
such period. If they do, the certificate shall describe the Default or Event of Default, its status and what action the Company is taking or proposes to take with respect thereto. 

SECTION 3.14. Statement by Officers as to Default. The Company shall deliver to the Trustee, within 30 days after the knowledge
thereof if such event is still continuing, written notice in the form of an Officers’ Certificate of any Event of Default or any event which, with notice or the lapse of time or both, would constitute an Event of Default under
Section 6.1(a)(i), (ii), (iii), (iv), (v), (vi), (ix), (x) or (xi), which shall include their status and what action the Company is taking or proposing to take in respect
thereof. 
 SECTION 3.15. Payment for Consents. The Company shall not, and shall not permit any of its Subsidiaries to
pay or cause to be paid any consideration to or for the benefit of any Holder of any Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is
offered to be paid and is paid to all Holders of the Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or amendment. 

ARTICLE IV  
 Successor Company and Successor Guarantor 
 SECTION 4.1. When Company
May Merge or Otherwise Dispose of Assets. 
 (a) The Company shall not consolidate with or merge with or into (whether or
not the Company is the surviving corporation), or sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of the properties and assets of the Company and its Restricted Subsidiaries, taken as a whole, in one or more
related transactions, to, any Person unless: 
 (i) if other than the Company, the resulting, surviving or
transferee Person (the “Successor Company”) shall be a corporation, partnership or limited liability company organized and existing under the laws of the United States of America, any State of the United States, the District of
Columbia or any territory thereof; 
 (ii) the Successor Company (if other than the Company) and, in the case of
a Successor Company that is not a corporation, a corporate co-issuer, assume pursuant to a supplemental indenture or other documentation instruments, executed and delivered to the Trustee, all of the obligations of the Company under the Notes, this
Indenture, the Collateral Documents (as applicable) and the Intercreditor Agreement and, to the extent required by and subject to the limitations set forth in the Security Agreement, will cause such amendments, supplements or other instruments to be
executed, filed and recorded in such jurisdictions as may be required by applicable law to preserve and protect the Lien on the Collateral owned by or transferred to the Successor Company, together with such financing statements or comparable
documents to the extent required by and subject to the limitations set forth in the Security Agreement, as may be required to 

  
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perfect any security interests in such Collateral which may be perfected by the filing of a financing statement or a similar document under the Uniform Commercial Code or other similar statute or
regulation of the relevant states or jurisdictions; 
 (iii) immediately after giving effect to such transaction
(and treating any Indebtedness which becomes an obligation of the Company, the Successor Company or any Restricted Subsidiary as a result of such transaction as having been Incurred by the Company, the Successor Company or such Restricted Subsidiary
at the time of such transaction), no Default or Event of Default shall have occurred and be continuing; 
 (iv)
immediately after giving pro forma effect to such transaction and any related financing transactions, as if such transactions had occurred at the beginning of the applicable four-quarter period; 

(A) the Company or the Successor Company, as applicable, would be able to Incur at least $1.00 of additional Indebtedness
pursuant to Section 3.3(a); or 
 (B) the Fixed Charge Coverage Ratio for the Successor Company and
its Restricted Subsidiaries would be greater than the Fixed Charge Coverage Ratio immediately prior to such transaction; 
 (v) if the Successor Company is not the Company, each Subsidiary Guarantor (unless it is the other party to the transactions above, in which case clause (i) shall apply) shall have by supplemental
indenture confirmed that its Subsidiary Guarantee shall apply to such Person’s obligations in respect of this Indenture and the Notes and its obligations under the Collateral Documents and the Intercreditor Agreement shall continue to be in
effect and, to the extent required by and subject to the limitations set forth in the Security Agreement, shall cause such amendments, supplements or other instruments to be executed, filed, and recorded in such jurisdictions as may be required by
applicable law to preserve and protect the Lien on the Collateral owned by such Subsidiary Guarantor, together with such financing statements or comparable documents to the extent required by and subject to the limitations set forth in the Security
Agreement, as may be required to perfect any security interests in such Collateral which may be perfected by the filing of a financing statement or a similar document under the Uniform Commercial Code or other similar statute or regulation of the
relevant states or jurisdictions; and 
 (vi) the Company shall have delivered to the Trustee an Officers’
Certificate and Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Section 4.1 and, if any supplement to any Collateral Document is required in
connection with such transaction, such supplement shall comply with the applicable provisions of this Indenture. 
 (b) Without
compliance with Sections 4.1(a)(iii) and (iv): 
 (i) any Restricted Subsidiary may consolidate
with, merge with or into or to the Company or a Subsidiary Guarantor so long as no Capital Stock of the Restricted Subsidiary is distributed to any Person other than the Company or a Subsidiary Guarantor, and 

(ii) the Company may merge with an Affiliate of the Company solely for the purpose of reincorporating the Company in
another jurisdiction to realize tax or other benefits, so long as the amount of Indebtedness of the Company and its Restricted Subsidiaries is not increased thereby; provided that, in the case of a Restricted Subsidiary that merges into the
Company, the Company shall not be required to comply with the preceding clause (vi). 

  
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 (c) Upon satisfaction of the conditions set forth in Section 4.1(a) or
4.1(b), as applicable, the Company shall be released from its obligations under this Indenture and the Successor Company shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture,
the Collateral Documents (as applicable) and the Intercreditor Agreement,. 
 (d) Solely for the purpose of computing amounts
under Sections 3.4(a)(iv)(3)(A), (a)(iv)(3)(B), (a)(iv)(3)(C) and (a)(iv)(3)(D), the Successor Company shall only be deemed to have succeeded and be substituted for the Company with respect to periods subsequent to the
effective time of such merger, consolidation, combination or transfer of assets. 
 SECTION 4.2. When a Subsidiary Guarantor
May Merge or Otherwise Dispose of Assets. 
 (a) The Company shall not permit any Subsidiary Guarantor to consolidate with
or merge with or into (whether or not the Subsidiary Guarantor is the surviving corporation), or sell, assign, convey, transfer, lease, convey or otherwise dispose of all or substantially all of its properties and assets, in one or more related
transactions, to any Person (other than to the Company or another Subsidiary Guarantor), unless: 
 (i) if
such entity remains a Subsidiary Guarantor, (A) the resulting, surviving or transferee Person (the “Successor Guarantor”) shall be a corporation, partnership, trust or limited liability company organized and existing under the
laws of the United States of America, any State of the United States, the District of Columbia or any other territory thereof; (B) the Successor Guarantor, if other than such Subsidiary Guarantor, expressly assumes in writing by supplemental
indenture (and other applicable documents), executed and delivered to the Trustee all the obligations of such Subsidiary Guarantor under the Subsidiary Guarantee, this Indenture, the Collateral Documents (as applicable) and the Intercreditor
Agreement and, to the extent required by and subject to the limitations set forth in the Security Agreement shall cause such amendments, supplements or other instruments to be executed, filed and recorded in such jurisdictions as may be required by
applicable law to preserve and protect the Lien on the Collateral owned by or transferred to the Successor Guarantor, together with such financing statements or comparable documents to the extent required by and subject to the limitations set forth
in the Security Agreement, as may be required to perfect any security interests in such Collateral which may be perfected by the filing of a financing statement or a similar document under the Uniform Commercial Code or other similar statute or
regulation of the relevant states or jurisdictions; (C) immediately after giving effect to such transaction (and treating any Indebtedness which becomes an obligation of the Successor Guarantor or any Restricted Subsidiary as a result of such
transaction as having been Incurred by the Successor Guarantor or such Restricted Subsidiary at the time of such transaction), no Default of Event of Default shall have occurred and be continuing; and (D) the Company shall have delivered to the
Trustee an Officers’ Certificate and Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Indenture; and 

(ii) if such transaction constitutes an Asset Disposition, the transaction is made in compliance with
Section 3.7 (it being understood that only such portion of the Net Available Cash as is required to be applied on the date of such transaction in accordance with the terms of this Indenture needs to be applied in accordance therewith at
such time), to the extent applicable. 

  
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 (b) Upon satisfaction of the conditions set forth in Section 4.2(a), the
applicable Subsidiary Guarantor shall be released from its obligations under this Indenture and the Successor Guarantor shall succeed to, and be substituted for, and may exercise every right and power of, a Subsidiary Guarantor under this Indenture,
the Collateral Documents (as applicable) and the Intercreditor Agreement. 
 (c) Notwithstanding the foregoing, any Subsidiary
Guarantor may (i) merge with or into or transfer all or part of its properties and assets to another Subsidiary Guarantor or the Company or (ii) merge with a Restricted Subsidiary of the Company solely for the purpose of reincorporating
the Subsidiary Guarantor in a State of the United States or the District of Columbia, as long as the amount of Indebtedness of such Subsidiary Guarantor and its Restricted Subsidiaries is not increased thereby. 

ARTICLE V  

Redemption of Notes 
 SECTION 5.1. Optional Redemption. 
 (a) Except as set forth in
Section 5.1(b) and (c), the Notes are not redeemable until January 15, 2014. On and after January 15, 2014, the Company may redeem all or, from time to time, a part of the Notes at the following redemption prices
(expressed as a percentage of principal amount of the Notes to be redeemed) plus accrued and unpaid interest on the Notes, if any, to the applicable redemption date (subject to the right of Holders of record on the relevant Record Date to receive
interest due on the relevant Interest Payment Date), if redeemed during the twelve-month period beginning on January 15 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2014
	  	 	106.750	% 
	 2015
	  	 	104.500	% 
	 2016
	  	 	102.250	% 
	 2017 and thereafter
	  	 	100.000	% 

 (b) The Company may on any
one or more occasions prior to January 15, 2014 redeem up to 35% of the original principal amount of the Notes (including any Additional Notes) with the Net Cash Proceeds of one or more Equity Offerings at a redemption price of 109.000% of the
principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the applicable Redemption Date (subject to the right of Holders of Notes on the relevant Record Date to receive interest due on the relevant Interest Payment
Date); provided that 
 (i) at least 65% of the original principal amount of the Notes (including any
Additional Notes) remains outstanding after each such redemption; and 
 (ii) the redemption occurs within 90
days after the closing of such Equity Offering. 
 Notice of any redemption pursuant to this Section 5.1(b) may be
given prior to the completion of such Equity Offering, and any such redemption or notice may, at the Company’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of the related Equity Offering.

  
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 (c) In addition, at any time prior to January 15, 2014, the Company may redeem the
Notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date (subject to the right of
Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). 
 SECTION 5.2.
Election to Redeem; Notice to Trustee of Optional Redemptions. If the Company elects to redeem Notes pursuant to Section 5.1, the Company shall furnish to the Trustee, at least 5 Business Days before notice of redemption is
required to be mailed or caused to be mailed to Holders pursuant to Section 5.4, an Officers’ Certificate setting forth (a) the paragraph or subparagraph of such Note and/or Section of this Indenture pursuant to which the
redemption shall occur, (b) the Redemption Date, (c) the principal amount of the Notes to be redeemed and (d) the redemption price. The Company shall deliver to the Trustee such documentation and records as shall enable the Trustee to
select the Notes to be redeemed pursuant to Section 5.3. 
 SECTION 5.3. Selection by Trustee of Notes to Be
Redeemed. In the case of any partial redemption, selection of the Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed or, if
the Notes are not listed, then on as nearly a pro rata basis as possible or by lot or such other similar method in accordance with the Applicable Procedures (subject to such rounding as may be necessary so that Notes are redeemed in whole
increments of $1,000 and no Note of $2,000 in principal amount or less shall be redeemed in part), and in accordance with the Applicable Procedures. If any Note is to be redeemed in part only, the notice of redemption relating to such note shall
state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the unredeemed portion thereof shall be issued in the name of the Holder thereof upon cancellation of the original Note in accordance with
Section 5.7. 
 The Trustee shall promptly notify the Company in writing of the Notes selected for redemption and,
in the case of any Notes selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of
this Indenture, unless the context otherwise requires, all provisions relating to redemption of Notes shall relate, in the case of any Note redeemed or to be redeemed only in part, to the portion of the principal amount of such Note which has been
or is to be redeemed. 
 SECTION 5.4. Notice of Redemption. The Company shall mail or cause to be mailed by first class
mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address not less than 30 nor more than 60 days prior to a date fixed for redemption (a “Redemption Date”), to each Holder of Notes to be
redeemed; provided, however, that redemption notices may be mailed more than 60 days prior to a Redemption Date if the notice is issued in connection with Article VIII. At the Company’s written request, the Trustee shall
give notice of redemption in the Company’s name and at the Company’s expense ; provided that the Company shall have delivered to the Trustee, at least 2 Business Days before notice of redemption is required to be mailed or caused to be
mailed to Holder pursuant to this Section 5.4 (unless a shorter notice shall be agreed to by the Trustee), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such
notice as provided in the following paragraph. 
 All notices of redemption shall be prepared by the Company and shall state:

 (a) the Redemption Date, 

  
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 (b) the redemption price and the amount of accrued interest, if any, to, but
excluding, the Redemption Date payable as provided in Section 5.6, if any, 
 (c) if less than all
outstanding Notes are to be redeemed, the identification of the particular Notes (or portion thereof) to be redeemed, as well as the aggregate principal amount of Notes to be redeemed and the aggregate principal amount of Notes to be outstanding
after such partial redemption, 
 (d) in case any Note is to be redeemed in part only, the notice which relates
to such Note shall state that on and after the Redemption Date, upon surrender of such Note, the Holder shall receive, without charge, a new Note or Notes of authorized denominations for the principal amount thereof remaining unredeemed, 

(e) that on the Redemption Date the redemption price (and accrued interest, if any, to, but excluding, the Redemption Date
payable as provided in Section 5.6) shall become due and payable upon each such Note, or the portion thereof, to be redeemed, and, unless the Company defaults in making the redemption payment, that interest on Notes called for redemption
(or the portion thereof) shall cease to accrue on and after said date, 
 (f) the place or places where such
Notes are to be surrendered for payment of the redemption price and accrued interest, if any, 
 (g) the name and
address of the Paying Agent, 
 (h) that Notes called for redemption must be surrendered to the Paying Agent to
collect the redemption price, 
 (i) the CUSIP number, and that no representation is made as to the accuracy or
correctness of the CUSIP number, if any, listed in such notice or printed on the Notes, and 
 (j) the Section of
this Indenture pursuant to which the Notes are to be redeemed. 
 SECTION 5.5. Deposit of Redemption Price. Prior to
10:00 a.m. New York City time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 2.4) an
amount of money sufficient to pay the redemption price of, and accrued interest on, all the Notes which are to be redeemed on that date. 
 SECTION 5.6. Notes Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the
redemption price therein specified (together with accrued interest, if any, to, but excluding, the Redemption Date) (except as provided for in the last paragraph of Section 5.1(b)), and from and after such date (unless the Company shall
default in the payment of the redemption price and accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the redemption
price, together with accrued interest, if any, to, but excluding, the Redemption Date (subject to the rights of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). 

  
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 If any Note called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes. 
 If a Redemption Date is on or after a Record Date and on or before the related Interest Payment Date, the accrued and unpaid interest, if any, shall be paid to the Person in whose name the Note is
registered at the close of business on such Record Date, and no additional interest shall be payable to Holders whose Notes shall be subject to redemption by the Company. 
 SECTION 5.7. Notes Redeemed in Part. Any Note which is to be redeemed only in part (pursuant to the provisions of this Article) shall be surrendered at the office or agency of the Company
maintained for such purpose pursuant to Section 2.3 (with, if the Company so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company duly executed by, the Holder thereof or such Holder’s
attorney duly authorized in writing), and the Company shall execute, and , upon receipt of an Authentication Order, the Trustee shall authenticate and make available for delivery to the Holder of such Note at the expense of the Company, a new Note
or Notes, of any authorized denomination as requested by such Holder, in an aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Note so surrendered, provided that each such new Note shall be
in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof. 
 ARTICLE VI  

Defaults and Remedies 
 SECTION 6.1. Events of Default. 
 (a) Each of the following is an event of
default (an “Event of Default”): 
 (i) default in any payment of interest on any Note when the
same becomes due, and the such default continues for a period of 30 days; 
 (ii) default in the payment of
principal of or premium, if any, on any Note when the same becomes due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise; 

(iii) failure by the Company to comply with its obligations under Section 3.9 or Article IV;

 (iv) failure by the Company to comply for 45 days after notice as provided below with any of its obligations
under Sections 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 3.8, 3.10, 3.11 and 3.15 (in each case, other than matters that would constitute an Event of Default under
Section 6.1(a)(iii)); 
 (v) failure by the Company or any Subsidiary Guarantor to comply for 60 days
after notice as provided below with its other agreements (except as provided in clauses (a)(i) through (a)(iv) of this Section 6.1) contained in this Indenture or under the Notes or the Collateral Documents; 

(vi) the Company or any of its Restricted Subsidiaries defaults under any mortgage, indenture or instrument under which
there is issued or by which there is secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the 

  
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payment of which is guaranteed by the Company or any of its Restricted Subsidiaries), other than Indebtedness owed to the Company or a Restricted Subsidiary, whether such Indebtedness or
Guarantee now exists, or is created after the Issue Date, which default: 
 (A) is caused by a failure to pay
principal on such Indebtedness at its final stated maturity within the grace period provided in the agreements or instruments governing such Indebtedness (“payment default”); or 

(B) results in the acceleration of such Indebtedness prior to its stated final, maturity ; 

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 or the maturity of which has been so accelerated, aggregates $50.0 million or more; 
 (vii) 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 pursuant to or within the meaning of any Bankruptcy Law (as defined below): 
 (A) commences a voluntary case or proceeding with respect to itself; 
 (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 (as defined below) of it or for substantially all of its property; or 

(D) makes a general assignment for the benefit of its creditors; 

or takes any comparable action under any foreign laws relating to insolvency; 

(viii) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A) is for relief against the Company or any Significant Subsidiary or a group of Restricted Subsidiaries that, taken
together (as of the latest audited 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, any Significant Subsidiary or a group of Restricted Subsidiaries that, taken
together (as of the latest audited financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary, for any substantial part of its property; or 

(C) orders the winding up or liquidation of the Company, any Significant Subsidiary or a group of Restricted Subsidiaries
that, taken together (as of the latest audited financial statements for the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary; 

  
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 (ix) failure 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 to pay final and non-appealable judgments
aggregating in excess of $50.0 million (net of any amounts that are covered by insurance, pursuant to which the insurer has not contested coverage), which judgments remain unsatisfied or undischarged for any period of 60 consecutive days during
which a stay of enforcement of such judgments shall not be in effect; 
 (x) any Subsidiary Guarantee of 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 ceases to be in full
force and effect (except as contemplated by the terms of this Indenture and the Subsidiary Guarantees) or is declared null and void in a judicial proceeding or any Subsidiary Guarantor that is a Significant Subsidiary or group of Subsidiary
Guarantors that taken together as of the latest audited consolidated financial statements of the Company and its Restricted Subsidiaries would constitute a Significant Subsidiary denies or disaffirms its obligations under this Indenture, its
Subsidiary Guarantee, any Collateral Document or the Intercreditor Agreement and the Company fails to cause such Restricted Subsidiary or Restricted Subsidiaries, as the case may be, to rescind such denials or disaffirmations within 30 days; and

 (xi) with respect to any Collateral having a fair market value in excess of $30.0 million, individually or in
the aggregate, (A) the failure of the security interest with respect to such Collateral under the Collateral Documents, at any time, to be in full force and effect for any reason other than in accordance with the terms of the Collateral
Documents and the terms of this Indenture or the Intercreditor Agreement, as applicable, and other than the satisfaction in full of all obligations under this Indenture and discharge of this Indenture if such failure continues for 60 days or
(B) the assertion by the Company or any Subsidiary Guarantor, in any pleading in any court of competent jurisdiction, that any such security interest is invalid or unenforceable, except in each case for the failure or loss of perfection
resulting from the failure of the Collateral Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Documents if such assertion is not rescinded within 30 days. 

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

Notwithstanding the foregoing, a default under clauses (iv), (v) or (xi)(A) or (xi)(B) of this Section 6.1(a) shall not
constitute an Event of Default until the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes notify the Company of the default and the Company does not cure such default within the time specified in clause (iv),
(v) or (xi)(A) or (xi)(B) of this paragraph after receipt of such notice. Such notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default.” 

The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of
debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 
 SECTION 6.2. Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.1(a)(vii) or (viii) with respect to the Company) occurs and is
continuing, the Trustee 

  
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by notice in writing specifying the Event of Default that it is a “notice” to the Company, or the Holders of at least 25% in principal amount of the outstanding Notes by notice to the
Company and the Trustee, may, and the Trustee at the request of such Holders shall, declare the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes to be due and payable. Upon such a declaration, such principal,
premium and accrued and unpaid interest shall, subject to Section 6.4, be immediately due and payable. In the event of a declaration of acceleration of the Notes because an Event of Default set forth in Section 6.1(a)(vi)
above has occurred and is continuing, such declaration of acceleration of the Notes shall be automatically rescinded and annulled if the default triggering such Event of Default pursuant to Section 6.1(a)(vi) shall be remedied or cured
by the Company or a Restricted Subsidiary or waived by the holders of the relevant Indebtedness within 30 days after the declaration of acceleration with respect thereto and if (1) the annulment of the acceleration of the Notes would not
conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default, except nonpayment of principal, premium or interest on the Notes that became due solely because of the acceleration of the Notes,
have been cured or waived. If an Event of Default specified in Section 6.1(a)(vii) or (viii) with respect to the Company occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all the
Notes shall 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 to collect the payment of principal of or interest on the Notes or to
enforce the performance of any provision of the Notes, this Indenture (including sums owed to the Trustee and Collateral Agent and their agents and counsel), the Subsidiary Guarantees, Collateral Documents or the Intercreditor Agreement. 

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 principal amount outstanding (including without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, notes) Notes by notice to the Trustee may waive an existing Default or Event of Default and its
consequences (except a Default or Event of Default in the payment of the principal of, premium or interest on a Note) and rescind any such acceleration with respect to the Notes and its consequences if (1) rescission would not conflict with any
judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default, other than the nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of
acceleration, have been cured or waived. 
 SECTION 6.5. Control by Majority. The Holders of a majority in principal
amount of the then outstanding Notes may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or the Collateral Agent or of exercising any trust or power conferred on the Trustee or the
Collateral Agent. However, the Trustee or the Collateral Agent, as the case may be, may refuse to follow any direction that conflicts with law or this Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents or the Intercreditor
Agreement, or, subject to Sections 7.1 and 7.2, that the Trustee determines is unduly prejudicial to the rights of other Holders or would involve the Trustee or the Collateral Agent in personal liability; provided,
however, that the Trustee or the Collateral Agent may take any other action deemed proper by the Trustee or the Collateral Agent that is not inconsistent with such direction. Prior to taking any action under this Indenture, the Trustee or the
Collateral Agent shall be entitled to indemnity, security or prefunding satisfactory to it in its sole discretion against all losses, liabilities and expenses caused by taking or not taking such action. 

  
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 SECTION 6.6. Limitation on Suits. Except to enforce the right to receive payment of
principal, premium, if any, or interest when due, no Holder may pursue any remedy with respect to this Indenture or the Notes unless: 
 (i) the Holder has previously given to the Trustee written notice stating that an Event of Default is continuing; 
 (ii) the Holders of at least 25% in principal amount of the Notes outstanding have made a written request to the Trustee to pursue the remedy; 

(iii) such Holder or Holders have offered to the Trustee security or indemnity satisfactory to it against any loss,
liability or expense; 
 (iv) the Trustee has not complied with the request within 60 days after receipt of the
request and the offer of security or indemnity; and 
 (v) the Holders of a majority in principal amount of the
outstanding Notes do not give the Trustee a direction that, in the opinion of the Trustee, is inconsistent with the request during 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. 

SECTION 6.7. Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder
to receive payment of principal of, premium (if any) or interest on the Notes held by such Holder, on or after the respective due dates expressed in the Notes, or to bring suit for the enforcement of any such payment on or after such respective
dates, shall not be impaired or affected without the consent of such Holder. 
 SECTION 6.8. Collection Suit by Trustee.
If an Event of Default specified in Section 6.1(a)(i) or (ii) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount then due and
owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in Section 7.6. 
 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
and Collateral Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, the Collateral Agent and their agents and counsel) and the Holders allowed in any judicial proceedings relative to the
Company, its Subsidiaries or their respective creditors or properties and, unless prohibited by law or applicable regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions,
and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any
amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section 7.6. To the extent that the payment of any such
compensation, expenses, disbursements and advances of the Trustee, the Collateral Agent, either agents and counsel, and any other amounts due to the Trustee and 

  
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Collateral Agent under Section 7.6 hereof out of the estate in any proceeding shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out
of , any and all distributions, dividends, money, securities and other properties that the Holder may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein
contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan or 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 such proceeding. 
 SECTION 6.10. Priorities.
Subject to the terms of the Intercreditor Agreement and Section 11.4(f) the Trustee shall pay out any money or property received by it, whether pursuant to the foreclosure or other remedial provisions contained in the Collateral
Documents or otherwise, in the following order: 
 First: to the Trustee and Collateral Agent for amounts due to
each of them under Section 7.6 and under the Collateral Documents; 
 Second: to Holders for amounts
due and unpaid on the Notes for principal, 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, premium, if any, and interest, respectively; and

 Third: to the Company or, to the extent the Trustee receives any amount for any Subsidiary Guarantor, to such
Subsidiary Guarantor, or as a court of competent jurisdiction shall direct. 
 The Trustee may fix a record date and payment
date for any payment to Holders pursuant to this Section. At least 15 days before such record date, the Company shall mail to each Holder and the Trustee a notice that states the record date, the payment date and amount to be paid. 

SECTION 6.11. Undertaking for Costs. 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 does not apply to a
suit by the Trustee, a suit by the Company, a suit by a Holder pursuant to Section 6.7 or a suit by Holders of more than 10% in outstanding principal amount of the Notes. 

ARTICLE VII  
 Trustee 
 SECTION 7.1. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this
Indenture, the Collateral Documents and the Intercreditor Agreement, as the case may be and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such
Person’s own affairs; provided that if an Event of Default occurs and is continuing, the Trustee shall be under no obligation to exercise any of the rights or powers under this Indenture, the Notes, the Subsidiary Guarantees, the
Collateral 

  
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Documents and the Intercreditor Agreement at the request or direction of any of the Holders unless such Holders have offered the Trustee indemnity, security or prefunding satisfactory to the
Trustee in its sole discretion, as applicable, against loss, liability or expense. 
 (b) Except during the continuance of an
Event of Default: 
 (i) the Trustee undertakes to perform such duties and only such duties as are specifically
set forth in this Indenture, the Collateral Documents and the Intercreditor Agreement and no implied covenants or obligations shall be read into this Indenture, any Collateral Document and the Intercreditor Agreement against the Trustee; and

 (ii) in the absence of gross negligence or bad faith on its part, the Trustee may conclusively rely, as to the
truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee under this Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents and the Intercreditor
Agreement, as applicable. 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, the Notes, the Subsidiary Guarantees, the Collateral Documents and the Intercreditor Agreement, 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: 
 (i) this paragraph does not limit
the effect of paragraph (b) of this Section; 
 (ii) the Trustee shall not be liable for any error of
judgment made in good faith by a Trust Officer or Trust Officers unless it is proved in a final and non-appealable decision of a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and 

(iii) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance
with a direction received by it pursuant to Section 6.5. 
 (iv) The Collateral Agent shall not have
any fiduciary or other implied duties of any kind or nature to any person, regardless of whether an Event of Default has occurred and is continuing. 
 (d) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company. 

(e) Money held in trust by the Trustee or the Collateral Agent need not be segregated from other funds except to the extent required by
law. 
 (f) No provision of this Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents or the Intercreditor
Agreement shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or 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. 

  
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 (g) Every provision of this Indenture, the Collateral Documents and the Intercreditor
Agreement relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 (h) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders unless such Holders shall have offered
to the Trustee, security, prefunding or indemnity satisfactory to it against the costs, expenses (including reasonable attorneys’ fees and expenses) and liabilities that might be incurred by it in compliance with such request or direction.

 SECTION 7.2. Rights of Trustee and Collateral Agent. 

(a) The Trustee may conclusively rely and shall be protected in acting upon any resolution, certificate, statement, instrument, opinion,
notice, request, direction, consent, order, bond or any other paper or document believed by it to be genuine and to have been signed or presented by the proper Person or Persons. The Trustee need not investigate any fact or matter stated in the
document. 
 (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of
Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on an Officers’ Certificate or Opinion of Counsel. 
 (c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent or attorney appointed with due care. 

(d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within
its rights or powers; provided, however, that the Trustee’s conduct, respectively, does not constitute willful misconduct or negligence as determined in a final and non-appealable decision of a court of competent jurisdiction.

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

(f) The Trustee shall not be bound to make any investigation into any statement, warranty or representation, or the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, notice, request, direction, consent, order, bond or other paper or document made or in connection with this Indenture, any other Collateral Document or the Intercreditor
Agreement; moreover, the Trustee shall not be bound to make any investigation into (i) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein, in any other Collateral Document or the
Intercreditor Agreement, (ii) the occurrence of any default, or the validity, enforceability, effectiveness or genuineness of this Indenture, any other Collateral Document, the Intercreditor Agreement or any other agreement, instrument or
document, (iii) the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (iv) the value or the sufficiency of any Collateral, (v) the satisfaction of any condition set forth in any
Collateral Document, other than to confirm receipt of items expressly required to be delivered to it or (vi) the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such 

  
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further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine
the books, records and premises of the Company, personally or by agent or attorney and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. The Trustee shall have no liability with respect to any
action or inaction taken by or with respect to any Sub-Collateral Agent (as defined in the Security Agreement). 
 (g) The
Trustee shall not be deemed to have knowledge of any Default or Event of Default except any Default or Event of Default of which a Trust Officer shall have (x) received written notification from the Company or Holders at the Corporate Trust
Office of the Trustee and such notice references the Notes and this Indenture or (y) obtained “actual knowledge.” “Actual knowledge” shall mean the actual fact or statement of knowing by a Trust Officer without
independent investigation with respect thereto. 
 (h) In no event shall the Trustee be responsible or liable for special,
indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action.

 (i) 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, the Collateral Agent, and each agent, custodian and other Person employed to act hereunder and under the Collateral Documents and
the Intercreditor Agreement. 
 (j) The Trustee may request that the Company deliver a certificate setting forth the names of
individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture. 
 (k) The
permissive rights of the Trustee enumerated herein shall not be construed as duties. 
 (l) The Company shall provide prompt
written notice to the Trustee of any change to its fiscal year. 
 SECTION 7.3. Individual Rights of Trustee. Subject to
the TIA each of the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company, the Subsidiary 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 Section 7.9. In addition, the Trustee shall be permitted to engage in transactions with the
Company; provided, however, that if the Trustee acquires any conflicting interest the Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest, (ii) apply to the SEC for permission to
continue acting as Trustee or (iii) resign. 
 SECTION 7.4. Disclaimer. The Trustee shall not be responsible for and
makes no representation as to the validity or adequacy of this Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents or the Intercreditor Agreement, it shall not be accountable for the Company’s use of the Notes or the
proceeds from the Notes, and it shall not be responsible for any statement of the Company 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 or for the use or application of any funds received by any Paying Agent other than the Trustee. 

  
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 SECTION 7.5. Notice of Defaults. If a Default occurs and is continuing and is known
to the Trustee, the Trustee shall mail to each Holder, with a copy to the Collateral Agent, notice of the Default within 90 days after the Trustee obtains such knowledge. Except in the case of a Default in payment of principal of, premium, if any,
or interest on any Note, the Trustee may withhold the notice if and so long as a committee of Trust Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. 

SECTION 7.6. Compensation and Indemnity. The Company shall pay to each of the Trustee and the Collateral Agent from time to time
such compensation for its services as the parties shall agree in writing from time to time. The Trustee’s compensation and the Collateral Agent’s compensation shall not be limited by any law on compensation of a trustee of an express
trust. The Company shall reimburse each of the Trustee and the Collateral Agent 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 and reviewing
reports, certificates and other documents, costs of preparation and mailing of notices to Holders and reasonable costs of counsel, in addition to the compensation for its services. Such expenses shall include the reasonable compensation and
expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Company shall indemnify the Collateral Agent, any predecessor Collateral Agent, the Trustee or any predecessor Trustee in each of its capacities
hereunder (including Paying Agent, and Registrar), and each of their officers, directors, employees, counsel and agents, against any and all loss, liability or expense (including, but not limited to, reasonable attorneys’ fees and expenses)
incurred by it in connection with the administration of this trust and the performance of its duties hereunder and under the Notes, the Subsidiary Guarantees, the Collateral Documents or the Intercreditor Agreement, including the costs and expenses
of enforcing this Indenture (including this Section 7.6), the Notes, the Subsidiary Guarantees, the Collateral Documents or the Intercreditor Agreement and of defending itself against any claims (whether asserted by any Holder, the
Company or otherwise). The Collateral Agent and the Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Collateral Agent and the Trustee to so notify the Company shall not relieve the Company of its
obligations hereunder. The Company shall defend the claim and the Collateral Agent and the Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The Company need not reimburse any expense or
indemnify against any loss, liability or expense incurred by the Collateral Agent and the Trustee through their own willful misconduct or negligence (in the case of the Collateral Agent, gross negligence) or bad faith as determined in a final and
non-appealable decision of a court of competent jurisdiction. 
 To secure the Company’s payment obligations in this
Section, the Collateral Agent and 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. The right
of the Collateral Agent and the Trustee to receive payment of any amounts due under this Section 7.6 shall not be subordinate to any other liability or indebtedness of the Company. 

The Company’s payment obligations pursuant to this Section and any lien arising hereunder shall survive the discharge of this
Indenture and the resignation or removal of the Trustee or Collateral Agent. When the Trustee or Collateral Agent incurs expenses after the occurrence of a Default specified in Section 6.1(a)(vii) or (viii) with respect to
the Company, the expenses are intended to constitute expenses of administration under any Bankruptcy Law. 
 Pursuant to
Section 10.1, the obligations of the Company hereunder are jointly and severally guaranteed by the Subsidiary Guarantors. 

  
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 The obligation of the Company under this Section 7.6 shall survive satisfaction
and discharge of this Indenture or the earlier resignation or removal of the Trustee. 
 SECTION 7.7. Replacement of
Trustee. The Trustee may resign at any time by so notifying the Company. The Holders of a majority in principal amount of the Notes may remove the Trustee by so notifying the Company and the Trustee in writing and may appoint a successor
Trustee. The Company shall remove the Trustee if: 
 (i) the Trustee fails to comply with
Section 7.9; 
 (ii) the Trustee is adjudged bankrupt or insolvent; 

(iii) a receiver or other public officer takes charge of the Trustee or its property; or 

(iv) the Trustee otherwise becomes incapable of acting. 

If the Trustee resigns or is removed by the Company or by the Holders of a majority in principal amount of the Notes and such Holders do
not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company shall promptly appoint a successor Trustee.

 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company.
Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its
succession to Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.6. 

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% in principal amount of the Notes may petition, at the Company’s expense, any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee fails to comply with Section 7.9, unless the Trustee’s duty to resign is stayed, any Holder 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 7.7, the Company’s obligations under
Section 7.6 shall continue for the benefit of the retiring Trustee. 
 SECTION 7.8. 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

  
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name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this
Indenture provided that the certificate of the Trustee shall have. 
 SECTION 7.9. Eligibility; Disqualification. The
Trustee shall have a combined capital and surplus of at least $50 million as set forth in its most recent filed annual report of condition. 
 This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b). 

SECTION 7.10. Limitation on Duty of Trustee and Collateral Agent in Respect of Collateral; Indemnification. 

(a) Beyond the exercise of reasonable care in the custody thereof, neither the Trustee nor the Collateral Agent shall have any duty as to
any Collateral in their possession or control or in the possession or control of any agent or bailee or any income thereon or as to preservation of rights against prior parties or any other rights pertaining thereto and neither the Trustee nor the
Collateral Agent shall be responsible for filing any financing or continuation statements or recording any documents or instruments in any public office at any time or times or otherwise perfecting or maintaining the perfection of any security
interest in the Collateral. The Trustee and the Collateral Agent shall be deemed to have exercised reasonable care in the custody of the Collateral in their possession if the Collateral is accorded treatment substantially equal to that which they
accord their own property and shall not be liable or responsible for any loss or diminution in the value of any of the Collateral, by reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the Trustee or
the Collateral Agent in good faith. 
 Neither the Trustee nor the Collateral Agent shall have any duty to ascertain or inquire
as to the performance or observance of any of the terms of this Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents or the Intercreditor Agreement by the Company, the Subsidiary Guarantors or any other Person. 

SECTION 7.11. Preferential Collection of Claims Against the Company. The Trustee is subject to TIA § 311(a), excluding any
creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 SECTION 7.12. Reports by Trustee to Holders of the Notes. Within 60 days after each December 15, beginning with December 15, 2011, the Trustee shall mail to the Holders of the Notes a
brief report dated as of such reporting date that complies with TIA § 313(a) (but if no event described in TIA § 313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted). The
Trustee also shall comply with TIA § 313(b). The Trustee shall also transmit by mail all reports as required by TIA § 313(c). 
 A copy of each report at the time of its mailing to the Holders of Notes shall be mailed to the Company and filed with the Commission and each stock exchange on which any Notes are listed. The Company
shall promptly notify the Trustee in writing when any Notes are listed on any stock exchange and of any delisting thereof. 

  
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 ARTICLE VIII  
 Discharge of Indenture; Defeasance 
 SECTION 8.1. Discharge of Liability
on Notes; Defeasance. 
 (a) When (i) (x) the Company delivers to the Trustee all outstanding Notes (other than
Notes replaced pursuant to Section 2.7) for cancellation or (y) all outstanding Notes not theretofore delivered to the Trustee for cancellation have become due and payable by reason of making a notice of redemption pursuant to
Section 5.4 hereof or otherwise, or will become due and payable within one year or may be called for redemption within one year under arrangements pursuant to Article V and the Company or any Subsidiary Guarantor irrevocably deposits or
causes to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders in U.S. dollars, U.S. Government Obligations, or a combination thereof, in such amounts as shall be sufficient without consideration of any
reinvestment of interest to pay and discharge the entire Indebtedness on such Notes not theretofore delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to, but excluding, the date of maturity or redemption;
(ii) no Default or Event of Default shall have occurred and be continuing on the date of such deposit or shall occur as a result of such deposit (other than a default resulting from borrowing of funds to be applied to such deposit and the grant
of any Lien securing such borrowing) and such deposit shall not result in a breach or violation of, or constitute a default under, any material instrument (other than this Indenture) to which the Company or any Subsidiary Guarantor is a party or by
which the Company or any Subsidiary Guarantor is bound; (iii) the Company or any Subsidiary Guarantor has paid or caused to be paid all sums payable on the date of deposit to the Trustee under this Indenture; and (iv) the Company has
delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of such Notes at maturity or the Redemption Date, as the case may be, then this Indenture shall, subject to
Section 8.1(c), cease to be of further effect. 
 (b) Subject to Sections 8.1(c) and 8.2, the Company
at its option and at any time may terminate (i) all the obligations of the Company and any Subsidiary Guarantor under the Notes, this Indenture and the Collateral Documents (“legal defeasance option”) or (ii) the
obligations of the Company and any Subsidiary Guarantor under Sections 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 3.8, 3.9, 3.10, 3.11, 3.12, 3.15 and 4.1(a)(iv) and the
Collateral Documents and the Company and the Subsidiary Guarantors may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant or provision, whether directly or indirectly, by
reason of any reference elsewhere herein to any such covenant or provision 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 with such covenants or provisions shall
no longer constitute a Default or an Event of Default under Section 6.1(a)(iii) (only with respect to Section 3.9, 6.1(a)(iv), 6.1(a)(v), 6.1(a)(vi), 6.1(a)(vii) (only with respect to Significant
Subsidiaries or a group of Restricted Subsidiaries that, taken together (as of the latest audited financial statements of the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary), Section 6.1(a)(viii)
(only with respect to Significant Subsidiaries or a group of Restricted Subsidiaries that, taken together (as of the latest audited financial statements of the Company and its Restricted Subsidiaries), would constitute a Significant Subsidiary) and
6.1(a)(ix) (clause (ii) being referred to as the “covenant defeasance option”), but except as specified above, the remainder of this Indenture and the Notes shall be unaffected thereby. The Company may exercise its legal
defeasance option notwithstanding its prior exercise of its covenant defeasance option. 
 If the Company exercises its legal
defeasance option, payment of the Notes may not be accelerated because of an Event of Default. If the Company exercises its covenant defeasance option, payment of the Notes may not be accelerated because of an Event of Default specified in
Section  

  
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6.1(a)(iii) (only with respect to Section 3.9, 6.1(a)(iv), 6.1(a)(v) (only with respect to the covenants subject to such covenant defeasance), 6.1(a)(vi),
6.1(a)(vii) (only with respect to Significant Subsidiaries or a group of Restricted Subsidiaries that, taken together (as of the latest audited financial statements of the Company and its Restricted Subsidiaries), would constitute a
Significant Subsidiary), 6.1(a)(viii) (only with respect to Significant Subsidiaries or a group of Restricted Subsidiaries that, taken together (as of the latest audited financial statements of the Company and its Restricted Subsidiaries),
would constitute a Significant Subsidiary) or 6.1(a)(ix), 6.1(a)(x) or 6.1(a)(xi) or because of the failure of the Company to comply with Section 4.1(a)(iv). 

Upon satisfaction of the conditions set forth herein and upon request of the Company, the Trustee shall acknowledge in writing the
discharge of those obligations that the Company terminates. 
 (c) Notwithstanding the provisions of Sections 8.1(a) and
(b), the Company’s obligations in Sections 2.2, 2.3, 2.4, 2.5, 2.6, 2.9, 2.10, 2.12, 3.1, 6.7, 6.8, 7.1, 7.2, 7.6, 7.7,
8.1(b) (with respect to legal defeasance), 8.3, 8.4, 8.5 and 8.6 shall survive until the Notes have been paid in full. Thereafter, the Company’s obligations in Sections 6.7, 7.6, 8.4 and
8.5 shall survive. 
 SECTION 8.2. Conditions to Defeasance. The Company may exercise its legal defeasance option
or its covenant defeasance option only if: 
 (i) the Company shall irrevocably deposit with the Trustee, in
trust, for the benefit of the Holders, U.S. dollars or U.S. Government Obligations, or a combination of U.S. dollars and U.S. Government Obligations, in such amounts as shall be sufficient, in the opinion of a nationally recognized firm of
independent public accountants, to pay the principal of, or interest and premium, if any, on the outstanding Notes issued hereunder on the Stated Maturity or on the applicable Redemption Date, as the case may be, and the Company must specify whether
the Notes are being defeased to maturity or to a particular Redemption Date; 
 (ii) in the case of legal
defeasance, the Company has delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, (a) the Company has received from, or there has been published by,
the Internal Revenue Service a ruling or (b) since the Issue Date, there has been a change in the applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders
shall not recognize income, gain or loss for federal income tax purposes as a result of such legal defeasance and shall be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if
such legal defeasance had not occurred; 
 (iii) in the case of covenant defeasance, the Company has delivered to
the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, the Holders of the respective outstanding Notes shall not recognize income, gain or loss for federal income tax
purposes as a result of such covenant defeasance and shall be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; 

(iv) such legal defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default
under, any material agreement or instrument (other than this Indenture) to which the Company or any of its Restricted Subsidiaries is a party or by which the Company or any of its Restricted Subsidiaries is bound; 

  
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 (v) no Default or Event of Default has occurred and is continuing on the
date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit and the grant of any Lien securing such borrowings); 

(vi) the Company shall deliver to the Trustee an Opinion of Counsel to the effect that, assuming, among other things, no
intervening bankruptcy of the Company between the date of deposit and the 91st day following the deposit and assuming that no Holder is an “insider” of the Company under applicable bankruptcy law, after the 91st day following the deposit,
the trust funds shall not be subject to the effect of Section 547 of Title 11 of the United States Code; 

(vii) the Company shall deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the
Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and 

(viii) the Company shall deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel (which Opinion of
Counsel may be subject to customary assumptions and exclusions), each stating that all conditions precedent relating to the legal defeasance or the covenant defeasance have been complied with. 

SECTION 8.3. Application of Trust Money. The Trustee shall hold in trust money or U.S. Government Obligations deposited with it
pursuant to this Article VIII. It shall apply the deposited money and the money from U.S. Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Notes.

 SECTION 8.4. Repayment to Company. Anything herein to the contrary notwithstanding, the Trustee shall deliver or pay
to the Company from time to time upon receipt of an Officers’ Certificate any money or U.S. Government Obligations held by it as provided in this Article VIII which are in excess of the amount thereof which would then be required to be
deposited to effect legal defeasance or covenant defeasance, as applicable. 
 Subject to any applicable abandoned property law,
the Trustee and the Paying Agent shall pay to the Company upon written request any money held by them for the payment of principal of or interest on the Notes that remains unclaimed for two years, and, thereafter, Holders entitled to the money must
look to the Company for payment as general creditors. 
 SECTION 8.5. Indemnity for U.S. Government Obligations. The
Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations. 

SECTION 8.6. Reinstatement. If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in
accordance with this Article VIII 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 obligations of the Company
and each Subsidiary Guarantor under this Indenture, the Notes, the Subsidiary Guarantees and the Collateral Documents shall be revived and reinstated as though no deposit had occurred pursuant to this Article VIII until such time as the
Trustee or Paying Agent is permitted to apply all such money or U.S. Government Obligations in accordance with this Article VIII; provided, however, that, if the Company or the Subsidiary Guarantors have made any payment of
interest on or principal of any Notes because of the reinstatement of its obligations, the Company or the Subsidiary Guarantors, as the case may be, 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. 

  
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 ARTICLE IX  
 Amendments 
 SECTION 9.1. Without Consent of Holders. This
Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents and the Intercreditor Agreement may be amended or supplemented without notice to or consent of any Holder: 

(i) to cure any ambiguity, omission, defect or inconsistency; 

(ii) to comply with (a) Article IV in respect of the assumption by a Successor Company of an obligation of the
Company under this Indenture, the Notes and the Collateral Documents and (b) Article IV and Article X in respect of the assumption by a Person of the obligations of a Subsidiary Guarantor under its Subsidiary Guarantee, this
Indenture, the Collateral Documents and the Intercreditor Agreement; 
 (iii) to provide for uncertificated Notes
in addition to or in place of certificated Notes; 
 (iv) to add Guarantees with respect to the Notes or to
release a Subsidiary Guarantor from its obligations under its Subsidiary Guarantee or this Indenture in accordance with the applicable provisions of this Indenture; 

(v) to add additional assets as Collateral to secure the Notes and the Subsidiary Guarantees; 

(vi) to release Liens in favor of the Collateral Agent in the Collateral as provided in Section 11.3 or
otherwise in accordance with the terms of this Indenture, Collateral Documents or the Intercreditor Agreement; 

(vii) to add to the covenants of the Company for the benefit of the Holders, add Events of Default or to surrender any
right or power herein conferred upon the Company; 
 (viii) to make any change that does not adversely affect the
rights of any Holder in any material respect; 
 (ix) to comply with any requirement of the SEC in connection
with the qualification of this Indenture under the TIA, as amended, if applicable; 
 (x) to provide for the
appointment of a successor trustee; provided that the successor trustee is otherwise qualified and eligible to act as such under the terms of this Indenture; or provide for the appointment of a successor Collateral Agent; 

(xi) to enter into a Permitted Junior Lien Intercreditor Agreement; 

(xii) to conform the text of this Indenture, the Notes, the Subsidiary Guarantees. the Collateral Documents or the
Intercreditor Agreement to any provision of the “Description of the Notes” section of the Offering Memorandum; or 

  
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 (xiii) to provide for or confirm the issuance of Additional Notes in
accordance with the terms of the Indenture. 
 In addition, no consent of the Holders will be required under the Collateral Documents and the
Intercreditor Agreement to any amendments and other modifications to the Collateral Documents and the Intercreditor Agreement (A) to add other parties (or any authorized agent thereof or trustee therefor) holding Pari Passu Lien Indebtedness
that are Incurred in compliance with this Indenture and the Collateral Documents, (B) to establish that the Liens on any Collateral securing such Pari Passu Lien Indebtedness shall be pari passu under the Intercreditor Agreement with the
Liens on such Collateral securing the Obligations under this Indenture and the Notes, all on the terms provided for in the Intercreditor Agreement as in effect immediately prior to such amendment or other modification and (C) to provide that
the Liens securing the Notes are senior to the Liens securing other Indebtedness pursuant to the terms of a Permitted Junior Lien Intercreditor Agreement. 
 After an amendment under this Section becomes effective, the Company shall mail to Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect
therein, shall not impair or affect the validity of an amendment under this Section. A consent to any amendment, supplement or waiver under this Indenture by any Holder given in connection with a tender of such Holder’s Note shall not be
rendered invalid by such tender. 
 Upon the request of the Company accompanied by a Board Resolution authorizing the execution
of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Sections 7.2 and 12.2 hereof, the Trustee and the Collateral Agent shall join with the Company and the Subsidiary Guarantors
in the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee and the Collateral Agent
shall not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 
 SECTION 9.2. With Consent of Holders. This Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents and the Intercreditor Agreement may be amended or supplemented with the consent
of the Holders of a majority in principal amount of the Notes then outstanding (including without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes). Any past default or compliance with the
provisions of this Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents or the Intercreditor Agreement may be waived with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding
(including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes). However, without the consent of each Holder of an outstanding Note affected, no amendment, supplement or waiver may:

 (i) reduce the principal amount of Notes whose Holders must consent to an amendment; 

(ii) reduce the rate of or extend the time for payment of interest on any Note; 

(iii) reduce the principal of or extend the Stated Maturity of any Note; 

(iv) waive a Default or Event of Default in the payment of principal of, or interest or premium, if any, on the Notes
issued hereunder (except a rescission of acceleration of the Notes issued hereunder by the Holders of at least a majority in aggregate principal amount of the Notes issued hereunder with respect to a nonpayment default and a waiver of the payment
default that resulted from such acceleration); 

  
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 (v) reduce the premium payable upon the redemption or repurchase of any Note
or change the time at which any Note may be redeemed or repurchased in accordance with Section 3.9 or Article V, whether through an amendment or waiver of provisions in the covenants or otherwise; 

(vi) make any Note payable in a currency other than that stated in the Note; 

(vii) impair the right of any Holder to receive payment of principal, premium, if any, and interest on such Holder’s
Notes on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes; 
 (viii) make any change in the amendment provisions in this Section 9.2; 
 (ix) modify the Subsidiary Guarantees of any Significant Subsidiary or group of Subsidiary Guarantors that, taken together (as of the latest audited consolidated financial statements for the Company and
its Restricted Subsidiaries) would constitute a Significant Subsidiary in any manner, taken as a whole, materially adverse to the Holders; 
 (x) release any Subsidiary Guarantor that is a Significant Subsidiary or group of Subsidiary Guarantors that, taken together (as of the latest audited consolidated financial statements for the Company and
its Restricted Subsidiaries), would constitute a Significant Subsidiary from any of its obligations under its Subsidiary Guarantee or this Indenture, except in compliance with the terms thereof; 

(xi) release all or substantially all of the Collateral, other than in accordance with this Indenture; or 

(xii) make the Notes or the Guarantees subordinated in right of payment to any other obligations, or subordinate the liens
securing the Notes or the Guarantees; 
 It shall not be necessary for the consent of the Holders under this Section to approve
the particular form of any proposed amendment or supplement, 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 given in connection with a
tender of such Holder’s Note shall not be rendered invalid by such tender. 
 Upon the request of the Company accompanied
by a Board Resolution authorizing the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Sections 7.2 and 12.2 hereof, the Trustee and the Collateral Agent shall join
with the Company and the Subsidiary Guarantors in the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein
contained, but the Trustee and the Collateral Agent shall not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 

After an amendment or supplement under this Indenture, the Notes, the Subsidiary Guarantees, the Collateral Documents or the
Intercreditor Agreement becomes effective, the Company shall 

  
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mail to the Holders a notice briefly describing such amendment or supplement. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an
amendment or supplement under this Section. 
 SECTION 9.3. Effect of Consents and Waivers. A consent to an amendment,
supplement or a waiver by a Holder of a Note shall bind the Holder and every subsequent Holder of that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not
made on the Note. After an amendment or waiver becomes effective, it shall bind every Holder. An amendment or waiver made pursuant to Section 9.2 shall become effective upon receipt by the Trustee of the requisite number of written
consents. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders
entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were
Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or revoke such consent or to take any such action, whether or not such Persons continue to be Holders after such record
date. 
 SECTION 9.4. Notation on or Exchange of Notes. If an amendment changes the terms of a Note, the Trustee may
require the Holder of the Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company
in exchange for the Note shall issue, and upon receipt of an Authentication Order the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or to issue a new Note shall not affect the
validity of such amendment. 
 SECTION 9.5. Trustee and Collateral Agent To Sign Amendments. The Trustee and Collateral
Agent shall sign any amendment, supplement or waiver authorized pursuant to this Article IX if the amendment, supplement or waiver does not, in the sole determination of the Trustee or Collateral Agent, adversely affect the rights, duties,
liabilities or immunities of the Trustee or Collateral Agent. In signing any amendment, supplement or waiver pursuant to this Article IX, the Trustee or Collateral Agent shall be entitled to receive, and (subject to Sections 7.1 and
7.2) shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment, supplement or waiver is authorized or permitted by or complies with this Indenture, the Collateral Documents
and the Intercreditor Agreement and that such amendment, supplement or waiver is the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to customary exceptions. Notwithstanding
the foregoing, no Opinion of Counsel will be required for the Trustee or Collateral Agent to execute any amendment or supplement adding a new Subsidiary Guarantor under this Indenture. 

SECTION 9.6. Compliance with Trust Indenture Act. Except as expressly set forth in this Indenture, every amendment or supplement
to this Indenture and the Notes shall be set forth in an amended or supplemental indenture that complies with the TIA as then in effect. 
 ARTICLE X  
 Subsidiary Guarantee 

SECTION 10.1. Subsidiary Guarantee. Subject to the provisions of this Article X, each Subsidiary Guarantor hereby fully,
unconditionally and irrevocably guarantees, as primary obligor 

  
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and not merely as surety, jointly and severally with each other Subsidiary Guarantor, to each Holder of the Notes, to the extent lawful, 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 of the Company under this Indenture and the Notes (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 Company or any Subsidiary Guarantor whether or not a claim for post-filing or post-petition interest
is allowed in such proceeding and the obligations under Section 7.6) and the Collateral Documents (all the foregoing being hereinafter collectively called the “Guarantor Obligations”). Each Subsidiary Guarantor agrees
(to the extent lawful) that the Guarantor Obligations may be extended or renewed, in whole or in part, without notice or further assent from it, and that it shall remain bound under this Article X notwithstanding any extension or renewal of
any Guarantor Obligation. 
 Each Subsidiary Guarantor waives (to the extent lawful) presentation to, demand of, payment from
and protest to the Company of any of the Guarantor Obligations and also waives (to the extent lawful) notice of protest for nonpayment. Each Subsidiary Guarantor waives (to the extent lawful) notice of any default under the Notes or the Guarantor
Obligations. 
 Each Subsidiary Guarantor further agrees that its Subsidiary 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 Guarantor Obligations. 

Except as set forth in Section 4.2, Section 10.2 and Article VIII, the obligations of each Subsidiary
Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than payment of the Guarantor Obligations in full), including any claim of waiver, release, surrender, alteration or compromise,
and shall not (to the extent lawful) be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guarantor Obligations or otherwise. Without limiting
the generality of the foregoing, the obligations of each Subsidiary Guarantor herein shall not (to the extent lawful) 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 Company or any other person under this Indenture, the Notes, the Collateral Documents, the Intercreditor Agreement 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, the Collateral Documents, the Intercreditor Agreement or any other agreement; (d) the release of any security held by any Holder or
the Collateral Agent for the Guarantor Obligations or any of them; (e) the failure of any Holder to exercise any right or remedy against any other Subsidiary Guarantor; (f) any change in the ownership of the Company; (g) any default,
failure or delay, willful or otherwise, in the performance of the Guarantor 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
Subsidiary Guarantor or would otherwise operate as a discharge of such Subsidiary Guarantor as a matter of law or equity. 

Each Subsidiary Guarantor agrees that its Subsidiary Guarantee herein shall remain in full force and effect until payment in full of all
the Guarantor Obligations or such Subsidiary Guarantor is released from its Subsidiary Guarantee in compliance with Section 4.2, Section 10.2 and Article VIII. Each Subsidiary Guarantor further agrees that its
Subsidiary 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 Guarantor Obligations is rescinded or must
otherwise be restored by any Holder upon the bankruptcy or reorganization of the Company or otherwise. 

  
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 In furtherance of the foregoing and not in limitation of any other right which any Holder
has at law or in equity against any Subsidiary Guarantor by virtue hereof, upon the failure of the Company to pay any of the Guarantor Obligations when and as the same shall become due, whether at maturity, by acceleration, by redemption or
otherwise, each Subsidiary Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Trustee or the Trustee on behalf of the Holders an amount equal to the sum of
(i) the unpaid amount of such Guarantor Obligations then due and owing and (ii) accrued and unpaid interest on such Guarantor 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 Company or any Subsidiary Guarantor whether or not a claim for post-filing or post-petition interest is allowed in such
proceeding). 
 Each Subsidiary Guarantor further agrees that, as between such Subsidiary Guarantor, on the one hand, and the
Holders, on the other hand, (x) the maturity of the Guarantor Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Subsidiary Guarantee herein, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the Guarantor Obligations guaranteed hereby and (y) in the event of any such declaration of acceleration of such Guarantor Obligations, such Guarantor Obligations (whether or not due and
payable) shall forthwith become due and payable by the Subsidiary Guarantor for the purposes of this Subsidiary Guarantee. 

Each Subsidiary Guarantor also agrees to pay any and all reasonable costs and expenses (including reasonable attorneys’ fees)
incurred by the Trustee or the Holders in enforcing any rights under this Section. 
 Neither the Company nor the Subsidiary
Guarantors shall be required to make a notation on the Notes to reflect any Subsidiary Guarantee or any release, termination or discharge thereof and any such notation shall not be a condition to the validity of any Subsidiary Guarantee. 

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 Subsidiary Guarantor hereunder shall
be limited to the maximum amount as shall, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary
Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Subsidiary Guarantor under its Subsidiary
Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law and not otherwise being void or voidable under any similar laws affecting the rights of creditors generally. 

(b) A Subsidiary Guarantee by a Subsidiary Guarantor shall be automatically and unconditionally released and discharged, and each
Subsidiary Guarantor and its obligations under the Subsidiary Guarantee and this Indenture shall be released and discharged: 
 (i) upon any sale, exchange or transfer (by merger or otherwise) of the Capital Stock of such Subsidiary Guarantor following which such Subsidiary Guarantor ceases to be a direct or indirect Subsidiary of
the Company if such sale or disposition does not constitute an Asset Disposition or is made in compliance with this Indenture, including Section 3.7 and Article IV); 

  
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 (ii) if such Subsidiary Guarantor is dissolved or liquidated in accordance
with the provisions of this Indenture; 
 (iii) upon exercise of the Company’s legal defeasance option or
covenant defeasance option or upon satisfaction and discharge of this Indenture, in each case, pursuant to the provisions of Article VIII hereof; and 
 (iv) if the Company designates such Subsidiary Guarantor as an Unrestricted Subsidiary and such designation complies with the other applicable provisions of this Indenture. 

(c) In the case of Section 10.2(b)(i) only, the Company shall deliver to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent provided for in this Indenture relating to such transaction have been complied with. 
 (d) The release of a Subsidiary Guarantor from its Subsidiary Guarantee and its obligations under this Indenture in accordance with the provisions of this Section 10.2 shall not preclude the
future applications of Section 3.10 to such Person. 
 SECTION 10.3. Right of Contribution. Each Subsidiary
Guarantor hereby agrees that to the extent that any Subsidiary Guarantor shall have paid more than its proportionate share of any payment made on the obligations under the Subsidiary Guarantees, such Subsidiary Guarantor shall be entitled to seek
and receive contribution from and against the Company or any other Subsidiary 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 Subsidiary Guarantor to the Trustee and the Holders and each Subsidiary Guarantor shall remain liable to the Trustee and the Holders for the full amount guaranteed by such Subsidiary Guarantor hereunder. 

SECTION 10.4. No Subrogation. Notwithstanding any payment or payments made by each Subsidiary Guarantor hereunder, no Subsidiary
Guarantor shall be entitled to be subrogated to any of the rights of the Trustee or any Holder against the Company or any other Subsidiary Guarantor or any collateral security or guarantee or right of offset held by the Trustee or any Holder for the
payment of the Guarantor Obligations, nor shall any Subsidiary Guarantor seek or be entitled to seek any contribution or reimbursement from the Company or any other Subsidiary Guarantor in respect of payments made by such Subsidiary Guarantor
hereunder, until all amounts owing to the Trustee and the Holders by the Company on account of the Guarantor Obligations are paid in full. If any amount shall be paid to any Subsidiary Guarantor on account of such subrogation rights at any time when
all of the Guarantor Obligations shall not have been paid in full, such amount shall be held by such Subsidiary Guarantor in trust for the Trustee and the Holders, segregated from other funds of such Subsidiary Guarantor, and shall, forthwith upon
receipt by such Subsidiary Guarantor, be turned over to the Trustee in the exact form received by such Subsidiary Guarantor (duly indorsed by such Subsidiary Guarantor to the Trustee, if required), to be applied against the Guarantor Obligations.

 ARTICLE XI  
 Collateral and Security 
 SECTION 11.1. The Collateral. 

(a) The due and punctual payment of the principal of, premium, if any, and interest on the Notes and the Subsidiary Guarantees thereof
when and as the same shall be due and payable, 

  
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whether on an interest payment date, at maturity, by acceleration, repurchase, redemption or otherwise, interest on the overdue principal of and interest (to the extent lawful), if any, on the
Notes and the Subsidiary Guarantees thereof and performance of all other obligations under this Indenture, including, without limitation, the obligations of the Company set forth in Section 7.6 and Section 8.6 herein, and the
Notes and the Subsidiary Guarantees thereof and the Collateral Documents, shall be secured by Liens as provided in the Collateral Documents which the Company and the Subsidiary Guarantors, as the case may be, have entered into simultaneously with
the execution of this Indenture and shall be secured by all Collateral Documents hereafter delivered as required or permitted by this Indenture. 
 (b) The Company and the Subsidiary Guarantors hereby agree that the Collateral Agent shall hold the Collateral for the benefit of the Secured Parties, in each case pursuant to the terms of the Collateral
Documents and the Intercreditor Agreement, and the Collateral Agent is hereby authorized to execute and deliver the Collateral Documents and the Intercreditor Agreement. 
 (c) Each Holder, by its acceptance of any Notes and the Subsidiary Guarantees thereof, consents and agrees to the terms of the Collateral Documents (including, without limitation, the provisions providing
for foreclosure) and the Intercreditor Agreement, as the same may be in effect or as may be amended from time to time in accordance with their terms, and authorizes and directs the Collateral Agent to perform its obligations and exercise its rights
under the Collateral Documents and the Intercreditor Agreement in accordance therewith. 
 (d) The Trustee and each Holder, by
accepting the Notes and the Subsidiary Guarantees thereof, acknowledges that, as more fully set forth in the Collateral Documents, the Collateral as now or hereafter constituted shall be held for the benefit of the Secured Parties, and that the Lien
of this Indenture and the Collateral Documents in respect of the Trustee, the Collateral Agent and the Holders is subject to and qualified and limited in all respects by the Collateral Documents and the Intercreditor Agreement and actions that may
be taken thereunder. 
 SECTION 11.2. Further Assurances. 

The Company shall, and shall cause each Subsidiary Guarantor to, at their sole expense, do or cause to be done all acts which may be
reasonably necessary, or as requested by the Collateral Agent, to confirm that the Collateral Agent holds, for the benefit of the Secured Parties, duly created, enforceable and perfected first-priority Liens and security interests, as applicable, in
the Collateral (subject to Permitted Liens) to the extent such liens are required to be so perfected by this Indenture and the Collateral Documents. The Company shall, and shall cause the Subsidiary Guarantors to, take any and all actions and make
all filings (including the filing of UCC financing statements, continuation statements and amendments thereto) reasonably required to cause the Security Documents to create and maintain, as security for the Obligations of the Company and the
Subsidiary Guarantors to the Secured Parties under this Indenture, the Notes, the Guarantees, the Intercreditor Agreement and the Security Documents, a valid and enforceable perfected Lien and security interest in and on all of the Collateral
(subject to the terms of the Intercreditor Agreement and the Security Documents), in favor of the Collateral Agent for the benefit of the Secured Parties subject to no Liens other than Permitted Liens. 

  
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 SECTION 11.3. Release of Liens on the Collateral. 

(a) The Liens on the Collateral shall automatically and without any need for any further action by any Person be released: 

(i) in whole or in part, as applicable, as to all or any portion of property subject to such Liens which has been taken by
eminent domain, condemnation or other similar circumstances; 
 (ii) in whole upon: 

(1) satisfaction and discharge of this Indenture as set forth in Section 8.1(a); 

(2) a legal defeasance or covenant defeasance of this Indenture as set forth in Section 8.1(b); or 

(3) the occurrence of a Suspension Period (but only until the Reinstatement Date, if any); 

(iii) in part, as to any property that (x) is sold, transferred or otherwise disposed of by the Company or any
Subsidiary Guarantor (other than to the Company or another Subsidiary Guarantor) in a transaction not prohibited by this Indenture at the time of such sale, transfer or disposition or (y) is owned or at any time acquired by a Subsidiary
Guarantor that has been released from its Subsidiary Guarantee in accordance with this Indenture, concurrently with the release of such Subsidiary Guarantee (including in connection with the designation of a Subsidiary Guarantor as an Unrestricted
Subsidiary); 
 (iv) pursuant to an amendment in accordance with Article IX; 

(v) in whole as to all Collateral that is owned by a Subsidiary Guarantor that is released from its Subsidiary Guarantee
in accordance with Section 10.2; and 
 (vi) in part, in accordance with the applicable provisions of
the Collateral Documents and the Intercreditor Agreement. 
 (b) In connection with any termination or release of any Liens in
all or any portion of the Collateral pursuant to this Indenture or any of the Collateral Documents, the Trustee shall, or shall cause the Collateral Agent to, promptly, at the sole expense of the Company, execute, deliver or acknowledge all
documents, instruments and releases that have been requested, in writing, to release, reconvey to the Company and/or the Subsidiary Guarantors, as the case may be, such Collateral or otherwise give effect to, evidence or confirm such termination or
release in accordance with the written directions of the Company and/or the Subsidiary Guarantor, as the case may be. 
 (c) The
release of any Collateral from the terms of the Collateral Documents shall not be deemed to impair the security under this Indenture in contravention of the provisions hereof if and to the extent such Collateral is released pursuant to this
Indenture or upon termination of this Indenture. The Trustee and each of the Holders each acknowledge and direct the Trustee and the Collateral Agent that a release of Collateral or a Lien in accordance with the terms of any Collateral Document and
this Article XI will not be deemed for any purpose to be an impairment of the Lien on the Collateral in contravention of the terms of this Indenture. 

  
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 (d) As and when requested by the Company or any Subsidiary Guarantor, the Trustee shall
instruct the Collateral Agent to authorize the filing of Uniform Commercial Code financing statement amendments or releases (which shall be prepared by the Company or such Subsidiary Guarantor) solely to the extent necessary to delete or release
Liens on property or assets not required to be subject to a Lien under the Collateral Documents from the description of assets in any previously filed financing statements. If requested in writing by the Company or any Subsidiary Guarantor, the
Trustee shall instruct the Collateral Agent to execute, at the sole expense of the Company, such documents, instruments or statements reasonably requested of it (which shall be prepared by the Company or such Subsidiary Guarantor) and to take such
other action as the Company may reasonably request to evidence or confirm that such property or assets not required to be subject to a Lien under the Collateral Documents described in the immediately preceding sentence has been released from the
Liens of each of the Collateral Documents. The Collateral Agent shall execute and deliver such documents, instruments and statements and shall take all such actions promptly upon receipt of such written instructions from the Company, any Subsidiary
Guarantor or the Trustee. 
 (e) In no event shall the Trustee or Collateral Agent be obligated to execute or deliver any
document evidencing any release or reconveyance without receipt of an Opinion of Counsel and Officers’ Certificate, each stating that such release or reconveyance complies with the Indenture, the Intercreditor Agreement and the Collateral
Documents. 
 SECTION 11.4. Authorization of Actions to Be Taken by the Trustee or the Collateral Agent Under the Collateral
Documents. 
 (a) Subject to the provisions of the Collateral Documents, the Intercreditor Agreement and the other
provisions of this Indenture, each of the Trustee or the Collateral Agent may take all actions it deems necessary or appropriate in order to (i) enforce any of its rights or any of the rights of the Holders under the Collateral Documents and
(ii) upon the occurrence and during the continuance of an Event of Default, collect and receive any and all amounts payable in respect of the Collateral in respect of the obligations of the Company and the Subsidiary Guarantors hereunder and
thereunder. Subject to the provisions of the Collateral Documents and the Intercreditor Agreement, the Trustee or the Collateral Agent shall have the power (but not the obligation) to institute and to maintain such suits and proceedings as it may
deem expedient to prevent any impairment of the Collateral by any acts that may be unlawful or in violation of the Collateral Documents, the Intercreditor Agreement or this Indenture, and such suits and proceedings as the Trustee or the Collateral
Agent may deem expedient to preserve or protect its interest and the interests of the Holders in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or
other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of
the Holders or the Trustee). 
 (b) Neither the Trustee nor the Collateral Agent shall be responsible for the existence,
genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part
hereunder, for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title of the Company to the Collateral, for insuring the Collateral or for the payment of taxes, charges,
assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral. Neither the Trustee nor the Collateral Agent shall have responsibility for recording, filing, re-recording or refiling any financing statement,
continuation statement, document, instrument or other notice in any public office at any time or times or to otherwise take any action to perfect or maintain the perfection of any security interest granted to it under the Collateral Documents or
otherwise. 

  
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 (c) Where any provision of the Collateral Documents requires that additional property or
assets be added to the Collateral, the Company shall, or shall cause the applicable Subsidiary Guarantors to, take any and all actions reasonably required to cause such additional property or assets to be added to the Collateral and to create and
maintain a valid and enforceable perfected first-priority security interest on a pari passu basis with the Liens securing any Pari Passu Lien Indebtedness in such property or assets (subject to Permitted Liens) in favor of the Collateral
Agent for the benefit of the Secured Parties, in each case in accordance with and to the extent required under the Collateral Documents. 
 (d) The Trustee or the Collateral Agent, in taking any action under the Collateral Documents, shall be entitled to receive, if requested, as a condition to take any action, an Officers’ Certificate
and Opinion of Counsel to the effect that such action does not violate this Indenture, the Collateral Documents or the Intercreditor Agreement, and the Trustee or the Collateral Agent shall be fully protected relying thereon. 

(e) In acting under the Collateral Documents and the intercreditor Agreement, the Trustee and Collateral Agent shall have all the
protections, rights and immunities given to them under this Indenture. 
 (f) For the avoidance of doubt, upon receipt of any
payment by the Collateral Agent or the Trustee pursuant to Section 2.01(b)(ii) of the Intercreditor Agreement, the Company, Subsidiary Guarantors and Holders agree that, as among them, such payments shall be made and such funds applied
in accordance with Section 6.10 of this Indenture, and in every case whatsoever, the Trustee and Collateral Agent will each be paid amounts owed them under this Indenture, the Intercreditor Agreement and the Collateral Documents prior to
payments (pursuant to Article VI of this Indenture) being made to the Holders. 
 (g) Notwithstanding any provision to the
contrary contained elsewhere in this Indenture, the Security Documents and the Intercreditor Agreement, the duties of the Collateral Agent shall be ministerial and administrative in nature, and the Collateral Agent shall not have any duties or
responsibilities, except those expressly set forth herein and in the other documents to which the Collateral Agent is a party, nor shall the Collateral Agent have or be deemed to have any trust or other fiduciary relationship with the Trustee, any
Holder or any Original Lien Grantor, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Indenture, the Security Documents and the Intercreditor Agreement or otherwise exist against the
Collateral Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Indenture with reference to the Collateral Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties.

 (h) The Collateral Agent shall be fully justified in failing or refusing to take any action under this Indenture, the
Security Documents or the Intercreditor Agreement unless it shall first receive such advice or concurrence of the Trustee or the Holders of a majority in aggregate principal amount of the Notes as it determines and, if it so requests, it shall first
be indemnified to its satisfaction by the Holders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Collateral Agent shall in all cases be fully protected in acting,
or in refraining from acting, under this Indenture, the Security Documents or the Intercreditor Agreement 

  
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in accordance with a request, direction, instruction or consent of the Trustee or the Holders of a majority in aggregate principal amount of the then outstanding Notes and such request and any
action taken or failure to act pursuant thereto shall be binding upon all of the Holders. 
 (i) The Collateral Agent shall not
be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, unless a Trust Officer of the Collateral Agent shall have received written notice from the Trustee or the Company referring to this Indenture, describing
such Default or Event of Default and stating that such notice is a “notice of default.” The Collateral Agent shall take such action with respect to such Default or Event of Default as may be requested by the Trustee in accordance with
Article 6 hereof or the Holders of a majority in aggregate principal amount of the Notes (subject to this Section 11.4). 
 (j) The Collateral Agent may resign at any time by notice to the Trustee and the Company, such resignation to be effective upon the acceptance of a successor agent to its appointment as Collateral Agent.
If the Collateral Agent resigns under this Indenture, the Company shall appoint a successor collateral agent. If no successor collateral agent is appointed prior to the intended effective date of the resignation of the Collateral Agent (as stated in
the notice of resignation), the Collateral Agent may appoint, after consulting with the Trustee, subject to the consent of the Company (which shall not be unreasonably withheld and which shall not be required during a continuing Event of Default), a
successor collateral agent. If no successor collateral agent is appointed and consented to by the Company pursuant to the preceding sentence within thirty (30) days after the intended effective date of resignation (as stated in the notice of
resignation) the Collateral Agent shall be entitled to petition a court of competent jurisdiction to appoint a successor. Upon the acceptance of its appointment as successor collateral agent hereunder, such successor collateral agent shall succeed
to all the rights, powers and duties of the retiring Collateral Agent, and the term “Collateral Agent” shall mean such successor collateral agent, and the retiring Collateral Agent’s appointment, powers and duties as the Collateral
Agent shall be terminated. After the retiring Collateral Agent’s resignation hereunder, the provisions of this Section 11.4 (and Section 7.6 hereof) shall continue to inure to its benefit and the retiring Collateral
Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Collateral Agent under this Indenture. 

SECTION 11.5. Recording, Registration and Opinions. 
 (a) The Company will comply with the provisions of TIA Sections 314(b) and 314(d), in each case following qualification of this Indenture pursuant to the TIA, except to the extent not required as set
forth in any SEC regulation or interpretation or guidance (including any no-action letter or exemptive order issued by the Staff of the SEC, whether issued to the Company or any other Person). Following such qualification, to the extent the Company
is required to furnish to the Trustee an Opinion of Counsel pursuant to TIA Section 314(b)(2), the Company will furnish such opinion not more than 60 but not less than 30 days prior to each September 1. 

(b) Any release of Collateral permitted by Section 11.3 will be deemed not to impair the Liens under this Indenture and the
Security Documents in contravention thereof and any person that is required to deliver any certificate or opinion pursuant to Section 314(d) of the TIA shall be entitled to rely upon the foregoing as a basis for delivery of such certificate or
opinion. The Trustee shall, to the extent permitted by Sections 7.1 and 7.2, accept as conclusive evidence of compliance with the foregoing provisions the appropriate statements contained in such certificate or opinion. 

  
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 (c) If any Collateral is released in accordance with this Indenture or any Collateral
Document, the Company will determine whether it has delivered all documentation required by TIA Section 314(d) in connection with such release. 
 ARTICLE XII  
 Miscellaneous 

SECTION 12.1. Notices. Notices given by publication shall be deemed given on the first date on which publication is made, and
notices given by first-class mail, postage prepaid, shall be deemed given five calendar days after mailing. Any notice or communication shall be in writing and delivered in person, by facsimile or mailed by first-class mail addressed as follows:

 if to the Company or to any Subsidiary Guarantor: 
 CNO Financial Group, Inc. 
 11825 North Pennsylvania Street 

Carmel, IN 46032 

Attention: Karl Kindig 
 Facsimile: (317) 817-3772 
 if to the Trustee or Collateral Agent:

 Wilmington Trust FSB 
 Corporate Capital Markets 
 50 South Sixth Street/ Suite 1290 

Minneapolis, MN 55402 
 Attention: CNO Financial Administration 
 Facsimile: (612) 217-5651

 The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or
communications. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice.

 Any notice or communication mailed to a Holder shall be mailed to the Holder at the Holder’s address as it appears on
the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. Any notice or communication shall also be so mailed or delivered to any Person described in TIA § 313(c), to the extent required by
the TIA. 
 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with
respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 
 Each of the Trustee and Collateral Agent agrees to accept and act upon instructions or directions pursuant to this Indenture or the Collateral Documents or Intercreditor Agreement sent by unsecured
e-mail, facsimile transmission or other similar unsecured electronic methods. If the party elects to give the Trustee or Collateral Agent e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee or Collateral
Agent in its discretion elects to act upon such instructions, the Trustee’s or Collateral Agent’s understanding of such instructions shall be deemed controlling. Neither 

  
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the Trustee nor the Collateral Agent shall be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s or Collateral Agent’s reliance upon and
compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic instructions agrees to assume all risks arising out of the use of such electronic
methods to submit instructions and directions to the Trustee or Collateral Agent, including without limitation the risk of the Trustee or Collateral Agent acting on unauthorized instructions, and the risk or interception and misuse by third parties.

 SECTION 12.2. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to
the Trustee to take or refrain from taking any action under this Indenture (except in connection with the original issuance of Notes on the date hereof), the Company shall furnish to the Trustee: 

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

SECTION 12.3. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a
covenant or condition provided for in this Indenture (other than a certificate provided pursuant to TIA § 314(a)(4)) shall include: 
 (i) a statement that the individual making such certificate or opinion has read such covenant or condition; 
 (ii) 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; 

(iii) a statement that, in the opinion of such individual, he has made such examination or investigation as is necessary
to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (iv) 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 Officers’ Certificate or on certificates of public officials. 

SECTION 12.4. When Notes Disregarded. In determining whether the Holders of the required principal amount of Notes have concurred
in any direction, waiver or consent, Notes owned by the Company, any Subsidiary Guarantor or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company shall be disregarded and
deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes which a Trust Officer of the Trustee 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. 

  
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 SECTION 12.5. Rules by Trustee, Paying Agent and Registrar. The Trustee may make
reasonable rules for action by, or a meeting of, Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 
 SECTION 12.6. Days Other than Business Days. If a payment date is not a Business Day, payment shall be made on the next succeeding day that is not a Business Day, and no interest shall accrue for
the intervening period. If a regular Record Date is not a Business Day, the Record Date shall not be affected. 
 SECTION 12.7.
Governing Law. This Indenture, the Notes and the Subsidiary Guarantees shall be governed by, and construed in accordance with, the laws of the State of New York. 
 SECTION 12.8. Waiver of Jury Trial. EACH OF THE COMPANY, THE SUBSIDIARY GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO
TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 SECTION 12.9. No Recourse Against Others. An incorporator, director, officer, employee, stockholder or controlling person, as such, of the Company or any Restricted Subsidiary shall not have any
liability for any obligations of the Company or any Restricted Subsidiary under the Notes, the Subsidiary Guarantees, the Collateral Documents, the Intercreditor Agreement or this Indenture or for any claim based on, in respect of or by reason of
such obligations or their creation. By accepting a Note, each Holder shall waive and release all such liability. The waiver and release shall be part of the consideration for the issue of the Notes. 

SECTION 12.10. Successors. All agreements of the Company and each Subsidiary 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 12.11.
Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. 

SECTION 12.12. Table of Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections
of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

SECTION 12.13. Direction by Holders to Enter into Collateral Documents and the Intercreditor Agreement. By accepting a Note, each
Holder is deemed to have authorized and directed the Trustee and the Collateral Agent, as applicable, to enter into the Collateral Documents and the Intercreditor Agreement. 
 SECTION 12.14. Force Majeure. In no event shall the Trustee or the Collateral Agent be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee and the Collateral Agent shall use reasonable efforts which are consistent with accepted practices in
the banking industry to resume performance as soon as practicable under the circumstances. 

  
 -108-

 SECTION 12.15. USA Patriot Act. The parties hereto acknowledge that in accordance
with Section 326 of the USA Patriot Act the Trustee and the Trust Officers, like all financial institutions and in order to help fight the funding of terrorism and money laundering, are 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 agreement agree that they will provide the Trustee and the Trust Officers with such information as they may request in order to satisfy
the requirements of the USA Patriot Act. 
 SECTION 12.16. Trust Indenture Act Controls. If any provision hereof limits,
qualifies or conflicts with the duties imposed by TIA § 318(c), the imposed duties shall control. 
 SECTION 12.17.
Communication by Holders of Notes with other Holders of Notes. Holders of the Notes may communicate pursuant to TIA § 312(b) with other Holders of Notes with respect to their rights under this Indenture or the Notes. The Company, the
Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
 SECTION 12.18. Subject to
Intercreditor. By accepting a Note, each Holder is deemed to have authorized and directed the Trustee and the Collateral Agent, as applicable, to enter into the Collateral Documents the Intercreditor Agreement and to be subject to the terms
thereof. 
 [Remainder of Page Intentionally Left Blank] 

  
 -109-

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

			
	CNO FINANCIAL GROUP, INC.
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer

[Signature Page to Indenture] 

  

			
	40/86 ADVISORS, INC.
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer
	
	40/86 MORTGAGE CAPITAL, INC.
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer
	
	AMERICAN LIFE AND CASUALTY MARKETING DIVISION CO.
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer
	
	CDOC, INC.
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer
	
	CNO MANAGEMENT SERVICES COMPANY
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer
	
	CNO SERVICES, LLC
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer
	
	PERFORMANCE MATTERS ASSOCIATES, INC.
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer
	
	PERFORMANCE MATTERS ASSOCIATES OF TEXAS, INC.
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer

[Signature Page to Indenture] 

  

			
	WILMINGTON TRUST FSB, as Trustee
		
	By:	 	 /s/ Timothy Mowdy

		 	Name: Timothy Mowdy
		 	Title: Vice President
	
	WILMINGTON TRUST FSB, as Collateral Agent
		
	By:	 	 /s/ Timothy Mowdy

		 	Name: Timothy Mowdy
		 	Title: Vice President

 [Signature
Page to Indenture] 

 EXHIBIT A 
 [FORM OF FACE OF NOTE] 
 [Global Note Legend, if applicable] 

[Private Placement Legend, if applicable] 

  
 A-1

  

			
	No. [        ]	  	Principal Amount
$[                    ],
		  	 as revised by the Schedule of Increases

or Decreases in the Global Note attached hereto

 CUSIP NO.                      

CNO FINANCIAL GROUP, INC. 
 9.00% Senior Secured Note due 2018 
 CNO Financial Group, Inc., a Delaware
corporation, promises to pay to [                    ], or registered assigns, the initial principal amount set forth on the Schedule of
Increases or Decreases in the Global Note attached hereto, as revised by the Schedule of Increases or Decreases in the Global Note attached hereto, on January 15, 2018. 
 Interest Payment Dates: January 15 and July 15. 
 Record Dates:
January 1 and July 1. 
 Additional provisions of this Note are set forth on the other side of this Note. 

  
 A-2

  

			
	CNO FINANCIAL GROUP, INC.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-3

  

	
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	 WILMINGTON TRUST FSB
  

as Trustee, certifies that this is one of the Notes referred to in the Indenture.

 

							
	By:	 	  
	 		 	
		 	Authorized Signatory	 		 	Date:

  
 A-4

 [FORM OF REVERSE SIDE OF NOTE] 

9.00% Senior Secured Note due 2018 
  

	1.	Interest 

 CNO Financial
Group, Inc., a Delaware corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Company”), promises to pay interest on the principal amount of this Note at
the rate per annum shown above. 
 The Company shall pay interest semiannually on January 15 and July 15 of each year,
with the first interest payment to be made on July 15, 2011. Interest on the Notes shall accrue from the most recent date to which interest has been paid on the Notes or, if no interest has been paid, from December 21, 2010. The Company
shall pay interest on overdue principal or premium, if any (plus interest on such interest to the extent lawful), at the rate borne by the Notes to the extent lawful. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

  

	2.	Method of Payment 

 By no
later than 10:00 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 Company shall irrevocably deposit with the Trustee or the Paying Agent money sufficient to pay such
principal, premium, if any, and/or interest. The Company shall pay interest (except Defaulted Interest) to the Persons who are registered Holders of Notes at the close of business on January 1 and July 1 next preceding the Interest Payment
Date unless Notes are cancelled, repurchased or redeemed after the record date and before the Interest Payment Date. Holders must surrender Notes to a Paying Agent to collect principal payments. The Company shall pay principal, premium, if any, and
interest in money of the United States that at the time of payment is legal tender for payment of public and private debts. Payments in respect of Notes represented by a Global Note (including principal, premium, if any, and interest) shall be made
by the transfer of immediately available funds to the accounts specified by the Depositary. The Company shall make all payments in respect of a Definitive Note (including principal, premium, if any, and interest) by mailing a check to the registered
address of each Holder thereof. 
  

	3.	Paying Agent and Registrar 

Initially, Wilmington Trust FSB, duly organized and existing under the laws of the United States of America and having a corporate trust
office at Wilmington Trust FSB, 50 South Sixth Street/Suite 1290, Minneapolis, MN 55402, as Trustee (in such capacity the “Trustee”), shall act as Paying Agent and Registrar. The Company may appoint and change any Paying Agent,
Registrar or co-registrar without notice to any Holder. The Company or any of its domestically incorporated Wholly-Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar. 

 

	4.	Indenture 

 The Company
issued the Notes under an Indenture dated as of December 21, 2010 (as it may be amended or supplemented from time to time in accordance with the terms thereof, the “Indenture”), among the Company, the Subsidiary Guarantors, the
Collateral Agent and the Trustee. The terms of the Notes include those stated in the Indenture. Capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all such terms, and
Holders are referred to the Indenture and the Securities Act for a statement of those terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be
controlling. 

  
 A-5

 The Notes are senior secured obligations of the Company. This Note is one of the 9.00%
Senior Secured Notes due 2018 referred to in the Indenture. The Notes include (i) $275,000,000 aggregate principal amount of the Company’s 9.00% Senior Secured Notes due 2018 issued under the Indenture on December 21, 2010 (herein
called “Initial Notes”), and (ii) if and when issued, additional 9.00% Senior Secured Notes due 2018 of the Company that may be issued from time to time under the Indenture subsequent to December 21, 2010 (herein called
“Additional Notes”). The Indenture contains the terms and restrictions set forth in the Indenture or made a part of the Indenture pursuant to the requirements of the TIA. The Indenture, among other things, imposes certain covenants
with respect to the following matters: the Incurrence of Indebtedness by the Company and its Restricted Subsidiaries, the payment of dividends and other distributions on the Capital Stock of the Company, the purchase or redemption of Capital Stock
of the Company, certain purchases or redemptions of Subordinated Obligations, the sale or transfer of assets and Capital Stock of Subsidiaries, the issuance or sale of Capital Stock of Restricted Subsidiaries, the incurrence of certain Liens, future
Subsidiary Guarantors, the business activities and investments of the Company and its Restricted Subsidiaries and transactions with Affiliates, provided, however, certain of such limitations shall be suspended if the Notes receive a
rating of “BBB-” (or the equivalent) or higher from Standard & Poor’s Rating Services (or its successors) and “Baa3” (or the equivalent) or higher from Moody’s Investors Service, Inc. (or its successors), in
each case, with a stable or better outlook. In addition, the Indenture limits the ability of the Company and its Restricted Subsidiaries to enter into agreements that restrict distributions and dividends from Subsidiaries. The Indenture also imposes
requirements with respect to the provision of financial information. The Indenture also contains certain exceptions to the foregoing, and this description is qualified in its entirety by reference to the Indenture. 

 

	5.	Guarantee 

 To guarantee
the due and punctual payment of the principal, premium, if any, and interest (including post-filing or post-petition interest) on the Notes and all other amounts payable by the Company under the Indenture, the Notes, the Collateral Documents and the
Intercreditor Agreement 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, the Subsidiary Guarantors have unconditionally guaranteed (and future
guarantors, together with the Subsidiary Guarantors, shall unconditionally Guarantee), jointly and severally, such obligations on a senior, secured basis on a pari passu basis with the Liens securing any Pari Passu Lien Indebtedness pursuant
to the terms of the Indenture. 
  

	6.	Security 

 The Initial
Notes and Additional Notes, if any, are treated as a single class of securities under the Indenture and shall be secured by first-priority Liens and security interests, subject to Permitted Liens, in the Collateral on the terms and conditions set
forth in the Indenture and the Collateral Documents. The Collateral Agent holds the Collateral for the benefit of the Secured Parties, in each case pursuant to the Collateral Documents. Each Holder, by accepting this Note, consents and agrees to the
terms of the Collateral Documents (including the provisions providing for the foreclosure and release of Collateral) as the same may be in effect or may be amended from time to time in accordance with their terms, the Indenture and the Intercreditor
Agreement and authorizes and directs the Collateral Agent to enter into the Collateral Documents and the Intercreditor Agreement, and to perform its obligations and exercise its rights thereunder in accordance therewith. 

  
 A-6

  

	7.	Redemption 

 (a) Except as
described in clauses (b) and (c) below, the Notes are not redeemable until January 15, 2014. On and after January 15, 2014, the Company may redeem all or, from time to time, a part of the Notes, at the following redemption prices
(expressed as a percentage of principal amount of the Notes to be redeemed) plus accrued and unpaid interest on the Notes, if any, to the applicable redemption date (subject to the right of Holders of record on the relevant Record Date to receive
interest due on the relevant Interest Payment Date), if redeemed during the twelve-month period beginning on January 15 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2014
	  	 	106.750	% 
	 2015
	  	 	104.500	% 
	 2016
	  	 	102.250	% 
	 2017 and thereafter
	  	 	100.000	% 

 (b) At any time prior to
January 15, 2014, the Company may redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium plus accrued and unpaid interest, if any, to, but excluding, the date of
redemption (subject to the rights of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date). 
 “Applicable Premium” means, as determined by the Company with respect to a Note on any Redemption Date, the greater of: 

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

(2) the excess, if any, of (a) the present value as of such Redemption Date of (i) the principal amount of such
Note on January 15, 2014, plus (ii) the remaining scheduled interest payments due on such Note through January, 2014 (excluding accrued but unpaid interest to the date of redemption), computed using a discount rate equal to the Treasury
Rate as of such Redemption Date plus 50 basis points, over (b) the then outstanding principal of such Note, in each case as calculated by the Company or on behalf of the Company by such Person as the Company shall designate. 

“Treasury Rate” means, as obtained by the Company, the yield to maturity at the time of computation of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior to the Redemption Date (or, if such
Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to January 15, 2014; provided, however, that if the period from the
Redemption Date to January 15, 2014 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to January 15, 2014 is less than one year, the weekly average yield
on actively traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

  
 A-7

 (c) On or prior to January 15, 2014, the Company may on any one or more occasions
redeem up to 35% of the original principal amount of the Notes (including any Additional Notes) with the Net Cash Proceeds of one or more Equity Offerings at a redemption price of 109.000% of the principal amount thereof, plus accrued and unpaid
interest, if any, to, but excluding, the applicable Redemption Date (subject to the right of Holders of Notes on the relevant Record Date to receive interest due on the relevant Interest Payment Date); provided that 

(i) at least 65% of the original principal amount of the Notes (including any Additional Notes) remains outstanding after
each such redemption; and 
 (ii) the redemption occurs within 90 days after the closing of such Equity Offering.

 Notice of any redemption pursuant to clause (c) may be given prior to the completion of such Equity Offering, and any
such redemption or notice may, at the Company’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of the related Equity Offering. 

(d) Any redemption pursuant to this paragraph 7 shall be made pursuant to the provisions of Section 5.1, and Sections
5.2 through 5.7 of the Indenture. 
  

	8.	Change of Control; Asset Sales 

 (a) If a Change of Control occurs, unless the Company has exercised its right to redeem all of the Notes under Section 5.1 of the Indenture, each Holder shall have the right to require the
Company to repurchase all or any part (in integral multiples of $1,000 except that no Note may be tendered in part if the remaining principal amount would be less than $2,000) of such Holder’s Notes at a purchase price in cash equal to 101% of
the principal amount of the Notes plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date)
as provided in, and subject to the terms of, the Indenture. 
 (b) In the event of an Asset Disposition that requires the
purchase of Notes pursuant to Section 3.7(c) of the Indenture, the Company shall be required to make an offer to all Holders to purchase Notes in accordance with Section 3.7(c) of the Indenture at an offer price in cash in an amount
equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the date of purchase (subject to the rights of Holders of record on any Record Date to receive payments of interest on the related Interest
Payment Date). Holders of Notes that are the subject of an offer to purchase will receive an Asset Disposition Offer from the Company prior to any related purchase date and may elect to have such Note purchased pursuant to such offer by completing
the form entitled “Option of Holder To Elect Purchase” attached hereto, or transferring its interest in such Note by book-entry transfer, to the Company or a Paying Agent at the address specified in the notice at least three Business Days
before the Asset Disposition Purchase Date. 
  

	9.	Denominations; Transfer; Exchange 

 The Notes are in registered form without coupons in minimum denominations of principal amount of $2,000 and whole multiples 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 any taxes and fees required by law or permitted by the Indenture. The Registrar need not
register the transfer of or exchange any Notes for a period beginning 15 Business Days before an Interest Payment Date and ending on such Interest Payment Date. 

  
 A-8

  

	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 the principal of or premium, if any, or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Company at its request unless an abandoned property law designates another person. After
any such payment, Holders entitled to the money must look only to the Company and not to the Trustee for payment. 
  

	12.	Discharge and Defeasance 

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

 

	13.	Amendment, Waiver 

Subject to certain exceptions set forth in the Indenture, (i) the Indenture, the Notes, the Subsidiary Guarantees, the Intercreditor
Agreement and the Collateral Documents may be amended with the written consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including without limitation, consents obtained in connection with a purchase of,
or tender offer or exchange offer for Notes) and (ii) any default (other than (x) with respect to nonpayment or (y) in respect of a provision that cannot be amended without the written consent of each Holder affected) or noncompliance
with any provision may be waived with the written consent of the Holders of a majority in principal amount of the Notes then outstanding (including without limitation, consents obtained in connection with a purchase of, or tender offer or exchange
offer for, Notes). Subject to certain exceptions set forth in the Indenture, without the consent of any Holder, the Company, the Subsidiary Guarantors and the Trustee may amend the Indenture, the Notes, the Subsidiary Guarantees, the Intercreditor
Agreement or the Collateral Documents to cure any ambiguity, omission, defect or inconsistency, or to comply with Article IV or Article X of the Indenture in respect of the assumption by a Successor Company of an obligation of the
Company under the Indenture or by a Successor Guarantor of obligations under a Subsidiary Guarantee, or to provide for uncertificated Notes in addition to or in place of certificated Notes, or to add Guarantees with respect to the Notes or to secure
the Notes, or to release a Subsidiary Guarantor upon its designation as an Unrestricted Subsidiary or otherwise in accordance with the Indenture, to release Liens in favor of the Collateral Agent in the Collateral as provided under the collateral
release provisions, or to add additional covenants or surrender rights and powers conferred on the Company, or to make any change that does not adversely affect the rights of any Holder in any material respect, to conform the text of the Indenture,
the Notes or the Subsidiary Guarantees to the “Description of notes” section of the Offering Memorandum or to provide for the Issuance of Additional Notes in accordance with the terms of this Indenture. 

  
 A-9

  

	14.	Defaults and Remedies 

Under the Indenture, and subject to the terms and provisions of the Indenture Events of Default include, without limitation:
(i) default for 30 days in payment of interest when due on the Notes; (ii) default in payment of the principal of or premium, if any, on the Notes at Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of
acceleration or otherwise; (iii) failure by the Company to comply with its obligations under Section 3.9 or Article IV of the Indenture, (iv) failure by the Company or any Subsidiary Guarantor to comply with certain
other provisions or agreements in the Indenture, the Notes and the Collateral Documents, in certain cases subject to notice and lapse of time; (v) certain accelerations (including failure to pay within any grace period after final maturity) of
other Indebtedness of the Company or any Restricted Subsidiary if the amount accelerated (or so unpaid) exceeds $50.0 million; (vi) certain events of bankruptcy or insolvency with respect to the Company or any Significant Subsidiary;
(vii) certain final judgments or decrees for the payment of money in excess of $50.0 million; (viii) any Subsidiary Guarantee of a Significant Subsidiary is declared null and void in a judicial proceeding or is denied or disaffirmed by
such Significant Subsidiary; and (ix) with respect to Collateral with a fair market value in excess of $30.0 million, a declaration or assertion of invalidity or unenforceability or the failure to be in full force and effect (except as
contemplated hereby), subject to any applicable grace periods as set forth in the Indenture. 
 If an Event of Default occurs
and is continuing, the Trustee or Holders of at least 25% in aggregate principal amount of the outstanding Notes then outstanding may declare all the Notes to be due and payable immediately. Certain events of bankruptcy or insolvency with respect to
the Company are Events of Default which shall result in the Notes being due and payable immediately upon the occurrence of such Events of Default. 
 Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee and the Collateral Agent may refuse to enforce the Indenture or the Notes unless each receives indemnity
or security satisfactory to each of the Trustee and the Collateral Agent. Subject to certain limitations, Holders of a majority in principal amount of the Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders notice of any continuing Default or Event of Default (except a Default or Event of Default in payment of principal or interest) if it determines that withholding notice is in their interest. 

 

	15.	Collateral 

 These Notes
and any Guarantee by a Subsidiary Guarantor are secured by a security interest in the Collateral pursuant to certain Collateral Documents. 
  

	16.	Trustee Dealings with the Company 

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

 

	17.	No Recourse Against Others 

A director, officer, employee, incorporator or stockholder of the Company or any Restricted Subsidiary shall not have any liability for
any obligations of the Company or any Restricted Subsidiary under the Notes, the Indenture, the Subsidiary Guarantees, the Collateral Documents, the Intercreditor 

  
 A-10

 
Agreement or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting a Note, each Holder waives and releases all such liability. The waiver and
release shall be part of the consideration for the issue of the Notes. 
  

	18.	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. 

 

	19.	Abbreviations 

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

	20.	CUSIP Numbers 

 Pursuant
to a recommendation promulgated by the Committee on Uniform Note Identification Procedures the Company has caused CUSIP numbers to be printed on the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and
reliance may be placed only on the other identification numbers placed thereon. 
  

	21.	Successor Entity 

 When a
successor entity assumes, in accordance with the Indenture, all the obligations of its predecessor under the Notes and the Indenture, and immediately before and thereafter no Default or Event of Default exists and all other conditions of the
Indenture are satisfied, the predecessor entity will be released from those obligations. 
  

	22.	Governing Law 

 This Note
shall be governed by, and construed in accordance with, the laws of the State of New York. 
 The Company shall furnish to any
Holder upon written request and without charge to the Holder a copy of the Indenture which has in it the text of this Note in larger type. Requests may be made to: 
 CNO Financial Group, Inc. 
 11825 North Pennsylvania Street 

Carmel, IN 46032 

Attention: Karl Kindig 
 Facsimile No.: (317) 817-3772 

  
 A-11

  

	23.	Subject to Intercreditor 

By accepting a Note, each Holder is deemed to have authorized and directed the Trustee and the Collateral Agent, as applicable, to enter
into the Collateral Documents the Intercreditor Agreement and to be subject to the terms thereof. 

  
 A-12

 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 soc. sec. or
tax I.D. No.) 
 and irrevocably appoint
                     agent to transfer this Note on the books of the Company. 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 SEC Rule 17Ad-15. 

  
 A-13

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The initial principal amount of the Note shall be $ [                    ]. 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-14

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 3.7 or 3.9 of the Indenture, check
the box: 
  

			
	  ̈

Section 3.7
	  	  ̈

Section 3.9

 If you want to elect to have only part of this Note purchased by the Company pursuant to Section 3.7 or 3.9 of the Indenture, state the amount in principal amount (must be in
denominations of integral multiples of $1,000): $ 
  

									
	 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 SEC Rule 17Ad-15. 

  
 A-15

 EXHIBIT B 
 FORM OF CERTIFICATE OF TRANSFER 
 CNO Financial Group, Inc. 

11825 North Pennsylvania Street 
 Carmel, IN
46032 
 Attention: Karl Kindig 

Facsimile No.: (317) 817-3772 
 Wilmington
Trust FSB, as Trustee and Registrar 
 Corporate Capital Markets 
 50 South Sixth Street/ Suite 1290 
 Minneapolis, MN 55402 

Attention: CNO Financial Administration 

Facsimile No.: (612) 217-5651 
 Re: 9.00% Senior Secured Notes due 2018 
 Reference is hereby made to
the Indenture, dated as of December 21, 2010 (the “Indenture”), among CNO Financial Group, Inc., as Issuer (the “Company”), the Subsidiary Guarantors named therein and Wilmington Trust FSB, as trustee.
Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                     (the
“Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $____ in such Note[s] or interests (the “Transfer”), to
                     (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the
Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 

 

									
	1.	  	 ̈	    	Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a Definitive Note pursuant to Rule 144A. The Transfer is being
effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby further certifies that the beneficial interest or
Definitive Note is being transferred to a Person that the Transferor reasonably believed and believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect to which such Person
exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is in compliance with
any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the
restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Definitive Note and in the Indenture and the Securities Act.
			
	 2.
	  	 ̈	    	Check if Transferee will take delivery of a beneficial interest in the Regulation S Global Note or a Definitive Note pursuant to Regulation S. The Transfer
is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act

  
 B-1

									
		  		    	and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy
order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in,
on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling
efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the
Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser).
Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on Transfer enumerated in the Private Placement Legend printed on
the Regulation S Global Note and/or the Definitive Note and in the Indenture and the Securities Act.
			
	 3.
	  	 ̈	    	Check and complete if Transferee will take delivery of a beneficial interest in an Unrestricted Global Note pursuant to any provision of the Securities Act other
than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in Restricted Global Notes and Restricted Definitive Notes and pursuant to and in accordance with
the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies that (check one):
					
		  		    	(a)	  	 ̈	  	such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act;
					
		  		    		  		  	 or

					
		  		    	(b)	  	 ̈	  	or such Transfer is being effected to the Company or a subsidiary thereof;
					
		  		    		  		  	 or

					
		  		    	(c)	  	 ̈	  	such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the
Securities Act.
			
	 4.
	  	 ̈	    	Check if Transferee will take delivery of a beneficial interest in an Unrestricted Global Note or of an Unrestricted Definitive Note.
					
		  		    	(a)	  	 ̈	  	Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with
the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not
required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the

  
 B-2

									
		  		    		  		  	transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted
Global Notes, on Restricted Definitive Notes and in the Indenture.
					
		  		    	(b)	  	 ̈	  	Check if Transfer is pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in
compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend
are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to
the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture.
					
		  		    	(c)	  	 ̈	  	Check if Transfer is pursuant to other exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements
of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions
on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the
transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the
Indenture.

 This certificate and the statements contained herein are made for your benefit and the benefit of the
Company. 
  

			
	  

	[Insert Name of Transferor]
		
	 By:
	 	  

		 	Name:
		 	Title:

  

			
	 Dated:
	 	  

  
 B-3

 ANNEX A TO CERTIFICATE OF TRANSFER 

									
		
	1.	  	The Transferor owns and proposes to transfer the following:
					
		  		 		    		  	 [CHECK ONE OF (a) OR (b)]

				
		  	(a)	 	 ̈	    	a beneficial interest in the:
					
		  		 	(i)	    	 ̈	  	144A Global Note (CUSIP 12621E AD5), or
					
		  		 	(ii)	    	 ̈	  	Regulation S Global Note (CUSIP U1746E AA1), or
				
		  	(b)	 	 ̈	    	a Restricted Definitive Note.
		
	2.	  	After the Transfer the Transferee will hold:
					
		  		 		    		  	 [CHECK ONE]

				
		  	(a)	 	 ̈	    	a beneficial interest in the:
					
		  		 	(i)	    	 ̈	  	144A Global Note (CUSIP 12621E AD5), or
					
		  		 	(ii)	    	 ̈	  	Regulation S Global Note (CUSIP U1746E AA1), or
					
		  		 	(iii)	    	 ̈	  	Unrestricted Global Note CUSIP [            ], or
				
		  	(b)	 	 ̈	    	a Restricted Definitive Note; or
				
		  	(c)	 	 ̈	    	an Unrestricted Definitive Note,
		
		  	in accordance with the terms of the Indenture.

  
 B-4

 EXHIBIT C 
 FORM OF CERTIFICATE OF EXCHANGE 
 CNO Financial Group, Inc. 

11825 North Pennsylvania Street 
 Carmel, IN
46032 
 Attention: Karl Kindig 

Facsimile No.: (317) 817-3772 
 Wilmington
Trust FSB, as Trustee and Registrar 
 Corporate Capital Markets 
 50 South Sixth Street/ Suite 1290 
 Minneapolis, MN 55402 

Attention: CNO Financial Administration 

Facsimile No.: (612) 217-5651 
 Re: 9.00% Senior Secured Notes due 2018 
 Reference is hereby made to
the Indenture, dated as of December 21, 2010 (the “Indenture”), among CNO Financial Group, Inc., as Issuer (the “Company”), the Subsidiary Guarantors named therein and Wilmington Trust FSB, as trustee.
Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                      
           (the “Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of
$             in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that: 

1. Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or
Beneficial Interests in an Unrestricted Global Note. 

(a)     ̈    Check if Exchange is from
beneficial interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an
Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the
transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the United States Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky
securities laws of any state of the United States. 

(b)     ̈    Check if Exchange is from
beneficial interest in a Restricted Global Note to Unrestricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby certifies
(i) the Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in
accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is
being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

  
 C-1

(c)     ̈    Check if Exchange is from
Restricted Definitive Note to beneficial interest in an Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies
(i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to
and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial
interest is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(d)     ̈    Check if Exchange is from
Restricted Definitive Note to Unrestricted Definitive Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is
being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities
Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in
compliance with any applicable blue sky securities laws of any state of the United States. 
 2. Exchange of Restricted
Definitive Notes or Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes. 
 (a)     ̈    Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive
Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being
acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 
 (b)     ̈    Check if Exchange is from Restricted Definitive Note to beneficial interest in a Restricted Global
Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE] _ 144A Global Note, _ Regulation S Global Note with an equal principal amount, the Owner hereby certifies
(i) the beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to
and in accordance with the Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial
interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 

  
 C-2

 This certificate and the statements contained herein are made for your benefit and the
benefit of the Company. 
  

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

Dated:                        
 

  
 C-3Credit Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
  
  

CREDIT AGREEMENT 

Dated as of December 21, 2010 
 among 
 CNO FINANCIAL GROUP, INC., 

as Company, 

MORGAN STANLEY SENIOR FUNDING, INC., 
 as Agent, 
 and 

THE LENDERS PARTY HERETO 
  

 
 MORGAN STANLEY
SENIOR FUNDING, INC. 
 and 
 BARCLAYS CAPITAL, 
 as Joint Lead Arrangers and Joint Bookrunners, 

BARCLAYS CAPITAL, 

as Syndication Agent 
 and 
 FBR CAPITAL MARKETS & CO., 

as Documentation Agent 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
		  	ARTICLE 1	  			
		  	DEFINITIONS	  			
			
	 Section 1.01.
	  	Certain Defined Terms	  	 	1	  
	 Section 1.02.
	  	Other Interpretive Provisions	  	 	24	  
	 Section 1.03.
	  	Classification of Loans and Borrowings	  	 	25	  
	 Section 1.04.
	  	Accounting Principles	  	 	25	  
			
		  	ARTICLE 2	  			
		  	THE CREDITS	  			
			
	 Section 2.01.
	  	Loan	  	 	25	  
	 Section 2.02.
	  	[RESERVED]	  	 	26	  
	 Section 2.03.
	  	Borrowing, Conversion and Continuation of Loans	  	 	26	  
	 Section 2.04.
	  	Notes; Loan Accounts	  	 	27	  
	 Section 2.05.
	  	Termination of Commitments	  	 	27	  
	 Section 2.06.
	  	Payment at Maturity	  	 	28	  
	 Section 2.07.
	  	Repayment of Loans	  	 	28	  
	 Section 2.08.
	  	Optional and Mandatory Prepayments	  	 	28	  
	 Section 2.09.
	  	Interest	  	 	30	  
	 Section 2.10.
	  	Fees	  	 	31	  
	 Section 2.11.
	  	Computation of Fees and Interest	  	 	31	  
	 Section 2.12.
	  	Payments Generally	  	 	31	  
	 Section 2.13.
	  	Sharing of Payments by Lenders	  	 	33	  
			
		  	ARTICLE 3	  			
		  	TAXES, YIELD PROTECTION AND ILLEGALITY	  			
			
	 Section 3.01.
	  	Taxes	  	 	33	  
	 Section 3.02.
	  	Illegality	  	 	36	  
	 Section 3.03.
	  	Increased Costs and Reduction of Return	  	 	37	  
	 Section 3.04.
	  	Funding Losses	  	 	37	  
	 Section 3.05.
	  	Inability to Determine Rates	  	 	38	  
	 Section 3.06.
	  	Certificates of Lenders	  	 	38	  
	 Section 3.07.
	  	Substitution of Lenders	  	 	38	  
	 Section 3.08.
	  	Survival	  	 	39	  
			
		  	ARTICLE 4	  			
		  	CONDITIONS PRECEDENT	  			
			
	 Section 4.01.
	  	Conditions of Initial Borrowing	  	 	39	  
	 Section 4.02.
	  	Conditions to All Borrowings	  	 	42	  
	 Section 4.03.
	  	Determinations Under Section 4.01	  	 	42	  

  
 -i-

  

							
	 	  	 	  	Page	 
			
	 	  	ARTICLE 5	  	 	 
		  	REPRESENTATIONS AND WARRANTIES	  			
			
	 Section 5.01.
	  	Corporate Existence and Power	  	 	43	  
	 Section 5.02.
	  	Corporate Authorization; No Contravention	  	 	43	  
	 Section 5.03.
	  	Governmental Authorization	  	 	43	  
	 Section 5.04.
	  	Binding Effect	  	 	44	  
	 Section 5.05.
	  	Litigation	  	 	44	  
	 Section 5.06.
	  	No Default	  	 	44	  
	 Section 5.07.
	  	ERISA Compliance	  	 	44	  
	 Section 5.08.
	  	Margin Regulations	  	 	45	  
	 Section 5.09.
	  	Title to Properties	  	 	45	  
	 Section 5.10.
	  	Taxes	  	 	45	  
	 Section 5.11.
	  	Financial Condition	  	 	46	  
	 Section 5.12.
	  	Environmental Matters	  	 	47	  
	 Section 5.13.
	  	Regulated Activities and Regulated Entities	  	 	47	  
	 Section 5.14.
	  	Subsidiaries	  	 	48	  
	 Section 5.15.
	  	Insurance Licenses	  	 	48	  
	 Section 5.16.
	  	Full Disclosure	  	 	48	  
	 Section 5.17.
	  	Solvency	  	 	48	  
	 Section 5.18.
	  	Security Interests	  	 	48	  
	 Section 5.19.
	  	Insurance	  	 	49	  
	 Section 5.20.
	  	OFAC; Anti-Terrorism Laws; PATRIOT Act	  	 	49	  
	 Section 5.21.
	  	Surplus Debenture Interest and Dividends	  	 	49	  
			
		  	ARTICLE 6	  			
		  	AFFIRMATIVE COVENANTS	  			
			
	 Section 6.01.
	  	Financial Statements	  	 	50	  
	 Section 6.02.
	  	Certificates; Other Information	  	 	51	  
	 Section 6.03.
	  	Notices	  	 	53	  
	 Section 6.04.
	  	Preservation of Corporate Existence, Etc.	  	 	54	  
	 Section 6.05.
	  	Insurance	  	 	54	  
	 Section 6.06.
	  	Payment of Obligations	  	 	55	  
	 Section 6.07.
	  	Compliance with Laws	  	 	55	  
	 Section 6.08.
	  	Compliance with ERISA	  	 	55	  
	 Section 6.09.
	  	Inspection of Property and Books and Records	  	 	55	  
	 Section 6.10.
	  	Information Regarding Collateral	  	 	56	  
	 Section 6.11.
	  	Use of Proceeds	  	 	56	  
	 Section 6.12.
	  	Additional Subsidiaries; Immaterial Subsidiaries	  	 	56	  
	 Section 6.13.
	  	Further Assurances	  	 	56	  
	 Section 6.14.
	  	Maintenance of Ratings	  	 	57	  
	 Section 6.15.
	  	Post-Closing Matters	  	 	57	  
			
		  	ARTICLE 7	  			
		  	NEGATIVE COVENANTS	  			
			
	 Section 7.01.
	  	Limitation on Indebtedness; Certain Capital Stock	  	 	57	  
	 Section 7.02.
	  	Liens	  	 	59	  
	 Section 7.03.
	  	Disposition of Assets	  	 	61	  
	 Section 7.04.
	  	[Reserved.]	  	 	63	  

  
 -ii-

  

							
	 	  	 	  	Page	 
			
	Section 7.05.	  	Transactions with Affiliates	  	 	63	  
	Section 7.06.	  	Change in Business	  	 	63	  
	Section 7.07.	  	Fundamental Changes	  	 	63	  
	Section 7.08.	  	Restricted Payments	  	 	64	  
	Section 7.09.	  	Investments and Acquisitions	  	 	64	  
	 Section 7.10.
	  	Prepayment of Certain Indebtedness; Modifications of Certain Agreements; Synthetic Purchase Agreements	  	 	65	  
	Section 7.11.	  	Debt to Total Capitalization Ratio	  	 	66	  
	Section 7.12.	  	Interest Coverage Ratio	  	 	66	  
	Section 7.13.	  	[Intentionally Omitted.]	  	 	66	  
	Section 7.14.	  	Aggregate RBC Ratio	  	 	66	  
	Section 7.15.	  	Combined Statutory Capital and Surplus Level	  	 	66	  
	Section 7.16.	  	Investment Portfolio Requirement	  	 	67	  
	Section 7.17.	  	Restrictive Agreements	  	 	67	  
	Section 7.18.	  	Holding Company Activities	  	 	68	  
	Section 7.19.	  	Changes in Accounting Policies; Fiscal Year	  	 	68	  
			
		  	ARTICLE 8	  			
		  	EVENTS OF DEFAULT	  			
			
	Section 8.01.	  	Events of Default	  	 	68	  
	Section 8.02.	  	Remedies	  	 	71	  
	Section 8.03.	  	Rights Not Exclusive	  	 	71	  
			
		  	ARTICLE 9	  			
		  	THE AGENT	  			
			
	Section 9.01.	  	Appointment and Authority	  	 	72	  
	Section 9.02.	  	Rights as a Lender	  	 	72	  
	Section 9.03.	  	Exculpatory Provisions	  	 	72	  
	Section 9.04.	  	Reliance by Agent	  	 	73	  
	Section 9.05.	  	Delegation of Duties	  	 	73	  
	Section 9.06.	  	Resignation of Agent	  	 	73	  
	Section 9.07.	  	Non-Reliance on Agent and Other Lenders	  	 	74	  
	Section 9.08.	  	No Other Duties, Etc.	  	 	74	  
	Section 9.09.	  	Agent May File Proofs of Claim	  	 	74	  
	Section 9.10.	  	Collateral and Guaranty Matters	  	 	75	  
	Section 9.11.	  	Indemnification of Agent	  	 	75	  
	Section 9.12.	  	Withholding Tax	  	 	76	  
			
		  	ARTICLE 10	  			
		  	MISCELLANEOUS	  			
			
	Section 10.01.	  	Amendments and Waivers	  	 	76	  
	Section 10.02.	  	Notices	  	 	77	  
	Section 10.03.	  	No Waiver; Cumulative Remedies	  	 	78	  
	Section 10.04.	  	Costs and Expenses	  	 	78	  
	Section 10.05.	  	Company Indemnification; Damage Waiver	  	 	79	  
	Section 10.06.	  	Payments Set Aside	  	 	80	  
	Section 10.07.	  	Assignments, Successors, Participations, Etc.	  	 	80	  
	Section 10.08.	  	Confidentiality	  	 	82	  

  
 -iii-

  

							
	 	  	 	  	Page	 
			
	Section 10.09.	  	Set-off	  	 	83	  
	Section 10.10.	  	Notification of Addresses, Lending Offices, Etc.	  	 	83	  
	Section 10.11.	  	Counterparts	  	 	83	  
	Section 10.12.	  	Survival of Representations and Warranties	  	 	83	  
	Section 10.13.	  	Severability	  	 	84	  
	Section 10.14.	  	Replacement of Defaulting Lenders and Non-Consenting Lenders	  	 	84	  
	Section 10.15.	  	Governing Law; Jurisdiction; Consent to Service of Process	  	 	84	  
	Section 10.16.	  	Waiver of Jury Trial	  	 	85	  
	Section 10.17.	  	USA PATRIOT Act Notice	  	 	85	  
	Section 10.18.	  	Entire Agreement	  	 	86	  

  
 -iv-

  

			
	 SCHEDULES
	  	
		
	Schedule 2.01	  	Commitments
	Schedule 5.05	  	Litigation
	Schedule 5.07	  	ERISA
	Schedule 5.13	  	Investment Companies
	Schedule 5.14	  	Subsidiaries
	Schedule 6.15	  	Post-Closing Matters
	Schedule 7.01	  	Existing Indebtedness
	Schedule 7.02	  	Existing Liens
	Schedule 7.09	  	Existing and Committed Investments
	Schedule 7.17	  	Restrictive Agreements
	Schedule 10.02	  	Addresses for Notices
		
	 EXHIBITS
	  	
		
	Exhibit A	  	Form of Compliance Certificate
	Exhibit B	  	Form of Note
	Exhibit C	  	Form of Loan Notice
	Exhibit D	  	Form of Assignment and Assumption
	Exhibit E	  	Eurodollar Rate Funding Loss Determination Methodology
	Exhibit F	  	Form of Security Agreement
	Exhibit G-1	  	 United States Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax
Purposes)

	Exhibit G-2	  	 United States Tax Compliance Certificate (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax
Purposes)

	Exhibit G-3	  	 United States Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax
Purposes)

	Exhibit G-4	  	 United States Tax Compliance Certificate (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax
Purposes)

	Exhibit H-1	  	Form of Opinion of Dewey & LeBoeuf LLP
	Exhibit H-2	  	Form of Opinion of Karl Kindig
	Exhibit H-3	  	Form of Opinion of Baker & Daniels LLP
	Exhibit I	  	Form of Solvency Certificate
	Exhibit J	  	Form of Pari Passu Intercreditor Agreement

  
 -v-

 CREDIT AGREEMENT 

This CREDIT AGREEMENT is entered into as of December 21, 2010, by and among CNO FINANCIAL GROUP, INC., a Delaware corporation
(together with its successors, the “Company”), the lenders from time to time party to this Agreement (collectively, the “Lenders”; individually, each a “Lender”), and MORGAN STANLEY SENIOR FUNDING,
INC., as administrative agent for the Lenders. 
 WHEREAS, the Company desires to obtain from the Lenders a term loan facility
in an aggregate principal amount of $375,000,000, the proceeds of which will be used, together with the proceeds from the offering of the Senior Secured Notes, (i) to refinance in full all indebtedness outstanding under the Existing Credit
Agreement and (ii) to pay fees and expenses incurred in connection with the foregoing; 
 WHEREAS, the Company is willing
to secure its obligations under this Agreement and certain other obligations by granting Liens on substantially all of its assets to the Agent, for the benefit of the Secured Parties, as provided in the Security Documents; and 

WHEREAS, the Company is willing to cause each of its current and future Domestic Subsidiaries (other than Insurance Subsidiaries,
Subsidiaries of Insurance Subsidiaries and Immaterial Subsidiaries) to (i) guarantee the foregoing obligations of the Company and (ii) secure such guarantee thereof by granting Liens on substantially all of the assets of such Subsidiaries
to the Agent, for the benefit of the Secured Parties, as provided in the Security Documents; 
 NOW, THEREFORE, in consideration
of the mutual agreements, provisions and covenants contained herein, the parties agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 Section 1.01. Certain Defined Terms. 
 The following terms have the
following meanings: 
 “Account Control Agreement” has the meaning specified in the Security Agreement.

 “Acquisition” means (i) any Investment by the Company or any of its Subsidiaries in a Person (other
than an existing Wholly-Owned Subsidiary) whereby such Person becomes a direct or indirect Subsidiary of the Company or is merged with and into the Company or such Subsidiary or (ii) an acquisition by the Company or any of its Subsidiaries of
the property and assets of any Person (other than an existing Wholly-Owned Subsidiary) that constitutes all or substantially all of the assets of such Person or any division, line of business, book of business or business unit of such Person;
provided that capital expenditures (as determined in accordance with GAAP) that do not, individually or as part of a series of related transactions, result in the acquisition of all or substantially all of the assets of any Person or any
division, line of business, book of business or business unit of such Person shall be deemed not to be Acquisitions. 

“Affiliate” means, as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by
or is under common control with, such Person. A Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the power (a) to vote 10% or more of the securities (on a fully diluted basis) having
ordinary voting power for the election of directors or 

 
managing general partners of the other Person or (b) to direct or cause the direction of the management and policies of the other Person, whether through the ownership of voting securities,
membership interests, by contract or otherwise. 
 “Agent” means MSSF, in its capacity as administrative agent
under the Loan Documents, and its successors and permitted assigns in such capacity. 
 “Agent-Related Persons”
means the initial Agent and any successor Agent, together with their respective Affiliates, and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates. 

“Agent’s Office” means the Agent’s address and, as appropriate, account as set forth on Schedule 10.02
or such other address or account as the Agent may from time to time specify. 
 “Aggregate RBC Ratio” means,
with respect to the Insurance Subsidiaries taken as a whole, on any date of determination, one-half of the ratio (expressed as a percentage) of (a) the aggregate Total Adjusted Capital (as defined by each relevant Insurance Subsidiary’s
Department) for the Insurance Subsidiaries to (b) the aggregate Authorized Control Level Risk-Based Capital (as defined by each relevant Insurance Subsidiary’s Department) for the Insurance Subsidiaries. 

“Agreement” means this Credit Agreement. 
 “A.M. Best” means A.M. Best Company. 
 “Annual
Statement” means the annual statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of incorporation, which statement shall be in the form
required by such Insurance Subsidiary’s jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing annual
statutory financial statements and shall contain the type of information permitted or required by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith. 

“Anti-Money Laundering Laws” means any and all laws, judgments, orders, executive orders, decrees, ordinances, rules,
regulations, statutes, case law or treaties applicable to a Obligor, its subsidiaries or Affiliates, related to terrorism financing or money laundering including any applicable provision of Title III of the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act) of 2001 (Title III of Pub. L. 107-56) and The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act”, 31 U.S.C.
§§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959). 
 “Anti-Terrorism Laws”
means any Requirement of Law related to terrorism financing or money laundering, including the Patriot Act, The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act,” 31 U.S.C. §§ 5311-5330
and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959), the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended) and Executive Order 13224 (effective September 24, 2001). 

“Applicable Margin” means, for any day, a percentage per annum equal to (a) with respect to any Eurodollar Rate
Loan, 6.00% or (b) with respect to any Base Rate Loan, 5.00%. 
 “Approved Fund” means any Fund that is
administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

  
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 “Asset Sale” means any Disposition of property or series of related
Dispositions of property pursuant to Section 7.03(e) (only to the extent proceeds therefrom are not required to be retained by any Insurance Subsidiary pursuant to regulatory restrictions), (m) or (n). 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee
substantially in the form of Exhibit D or in another form reasonably acceptable to the Agent. 
 “Attorney
Costs” means and includes all reasonable fees, expenses and disbursements of any law firm or other external legal counsel and, without duplication, the reasonable allocated cost of internal legal services and all reasonable out-of pocket
expenses and out-of pocket disbursements of internal counsel. 
 “Base Rate” means for any day a fluctuating
rate per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest, if any, quoted for such day in The Wall Street Journal as the “U.S. Prime Rate”, (c) the Eurodollar Rate for
an Interest Period of one month beginning on such day (or if such day is not a Business Day, the Business Day immediately preceding such day) plus 1.00% per annum and (d) 2.50% per annum. 

“Base Rate Loan” means a Loan that bears interest based on the Base Rate. 

“Borrowing” means Loans of the same Interest Type made, converted or continued on the same day and, in the case of
Eurodollar Rate Loans, as to which the same Interest Period is in effect. 
 “Business Day” means any day other
than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, the state where the Agent’s Office is located or New York City and, if such day relates to any Eurodollar Rate
Loan, means any such day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 
 “Calculation Period” means, with respect to any ratio or calculation, the period for which such ratio or calculation is being calculated. 

“Capital Adequacy Regulation” means any guideline, request or directive of any central bank or other Governmental
Authority, or any other law, rule or regulation, whether or not having the force of law, in each case, regarding capital adequacy of any bank or of any corporation controlling a bank. 

“Capital and Surplus” means, as to any Insurance Subsidiary, as of any date, the total amount shown on line 38, page 3,
column 1 (or such other line on which the equivalent information is provided on any other such Annual Statement) of the Annual Statement of such Insurance Subsidiary as of such date, or an amount determined in a consistent manner for any date other
than one as of which an Annual Statement is prepared. 
 “Capital Expenditures” means, for any period,
(a) the additions to property, plant and equipment capitalized in accordance with GAAP and other capital expenditures of the Company and its Subsidiaries that are (or would be) set forth in a consolidated statement of cash flows of the Company
and its Subsidiaries for such period prepared in accordance with GAAP and (b) any Capitalized Lease Liabilities incurred by the Company and its Subsidiaries during such period. 

“Capital Stock” means any and all shares, interests, participations or other equivalents (however designated) of capital
stock of a corporation, any and all equivalent ownership interests in a Person (other 

  
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than a corporation) and any and all warrants, rights or options to purchase any of the foregoing; provided that, for the avoidance of doubt, Capital Stock shall not be deemed to include
debt convertible or exchangeable for any of the foregoing. 
 “Capitalized Lease Liabilities” means, with
respect to any Person, all monetary obligations of such Person under any leasing or similar arrangement that, in accordance with GAAP, would be classified as a capitalized lease, and, for purposes of this Agreement, the amount of such obligations
shall be the capitalized amount thereof, determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be
terminated by the lessee without payment of a penalty. 
 “Cash Equivalents” means (a) marketable direct
obligations issued by, or unconditionally guaranteed by, the United States government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition;
(b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of twelve months or less from the date of acquisition issued by any commercial bank organized under the laws of the United States
or any state thereof having combined capital and surplus of not less than $500,000,000 and a short term deposit rating of at least A-1 by S&P and P-l by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if
both of the two named rating agencies cease publishing ratings of commercial paper issuers generally; (c) commercial paper of an issuer rated at least A-1 by S&P and P-l by Moody’s, or carrying an equivalent rating by a nationally
recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within nine months from the date of acquisition; (d) repurchase obligations of any Lender or of any
commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United States government; (e) securities with
maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by
any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P and A2 by Moody’s; (f) securities with
maturities of one year or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; or (g) shares of money market mutual
or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition. 
 “Cash Interest Expense” means, for any Calculation Period, the sum of (a) total interest expense, to the extent paid or payable in cash, of the Company and its Subsidiaries
determined on a consolidated basis in accordance with GAAP, excluding interest paid or, without duplication, accrued but unpaid by any Insurance Subsidiary to the extent otherwise included in total interest expense in this clause (a) for such
Calculation Period, and (b) total dividends paid or payable in cash on any preferred stock issued by the Company to the extent the terms of such preferred stock require payment of cash dividends for such Calculation Period; provided,
that, following the conversion of any such preferred stock into common stock, any cash dividends paid on such preferred stock during the applicable Calculation Period shall, on a Pro Forma Basis, as if the conversion was completed on the first day
of the Calculation Period, be excluded from calculations of Cash Interest Expense for such Calculation Period. 
 “Cash
Management Obligations” means obligations owed by any Obligor to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated
clearing house transfers of funds or in respect of any credit card or similar services. 

  
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 “Casualty Event” means any casualty or other insured damage to any property
of the Company or any of its Subsidiaries (other than Insurance Subsidiaries or Subsidiaries of Insurance Subsidiaries), or any taking of any such property under power of eminent domain or by condemnation or similar proceeding, or any transfer of
any such property in lieu of a condemnation or similar taking thereof. 
 “CBOs” means notes or other
instruments (other than CMOs) secured by collateral consisting primarily of debt securities and/or other types of debt obligations, including loans. 
 “CDOC” means CDOC, Inc., a Delaware corporation, and a direct Wholly-Owned Subsidiary of the Company on the Effective Date. 

“CDOC Preferred Stock” means preferred stock of CDOC that is held by one or more of the Insurance Subsidiaries.

 “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980. 

“Change of Control” means (a) any acquisition, directly or indirectly, by any person or group (as such terms are
used in Sections 13(d) and 14(d) of the Exchange Act), of beneficial ownership (within the meaning of Rule 13d-3 of the SEC under the Exchange Act) of 35% or more of the outstanding shares of Voting Stock of the Company, (b) during any period
of 12 consecutive calendar months, commencing on the Effective Date, the ceasing of those individuals (the “Continuing Directors”) who (i) were directors of the Company on the first day of each such period or (ii) who
subsequently became directors of the Company and whose election or initial nomination for election subsequent to that date was approved by a majority of the Continuing Directors then on the board of directors of the Company, to constitute a majority
of the board of directors of the Company, or (c) the occurrence of a “change of control” (howsoever defined) in the indenture or any other instrument governing any Indebtedness or preferred stock with an aggregate outstanding amount
in excess of $50,000,000. 
 “Closing Date” means December 21, 2010, or, if later, the first date all the
conditions precedent in Section 4.01 are satisfied or waived in accordance with Section 10.01. 

“CMOs” means notes or other instruments secured by collateral consisting primarily of mortgages, mortgage-backed
securities and/or other types of mortgage-related obligations. 
 “CNO Available Cash Flow” means, for any
Calculation Period, the sum, without duplication, of (a) dividends paid in cash to the Company by any Subsidiary plus (b) interest paid in cash to the Company by any Subsidiary pursuant to any Indebtedness owing by such Subsidiary
to the Company plus (c) interest or principal paid in cash to the Company with respect to any Surplus Debenture plus (d) amounts paid in cash to the Company under the Tax Sharing Agreement plus (e) management and
other similar fees received by the Company under servicing agreements or otherwise from any Subsidiary plus (f) amounts paid in cash to the Company pursuant to a loan made to it by any Subsidiary plus (g) the Company’s
Investment Income received in cash minus (h) cash operating expenses of the Company minus (i) Capital Expenditures of the Company made in cash minus (j) any amounts paid by the Company in respect of interest on or
in repayment of any loan referred to in clause (f) above plus (k) non-recurring cash and non-cash charges (not to exceed $40,000,000 in the aggregate (of which up to $25,000,000 may be cash charges) for all Calculation Periods)
related to restructuring, consolidation, severance or discontinuance of any portion of the operations, employees and/or management of the Company minus (l) any amounts paid in cash by the Company to any Insurance Subsidiary in respect of
any overpayment by such Insurance Subsidiary of amounts required to be paid by such Insurance Subsidiary to the Company under the Tax Sharing Agreement, in each case for such Calculation Period. Amounts received by the Company

  
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or any of its Subsidiaries and required to be applied to prepay the Borrowings pursuant to Section 2.08(b) (other than pursuant to Section 2.08(b)(iv)) shall, to the
extent otherwise included in CNO Available Cash Flow for any Calculation Period, be excluded from this calculation for such Calculation Period. 
 “Code” means the Internal Revenue Code of 1986, and regulations promulgated thereunder. 
 “Collateral” means, collectively, all of the Security Agreement Collateral and all other property of whatever kind and nature subject or purported to be subject from time to time to a
Lien under any Security Document. 
 “Collateral and Guarantee Requirement” means the requirement that:

 (a) the Agent shall have received from each Obligor either (i) a counterpart of the Security Agreement
duly executed and delivered on behalf of such Obligor or (ii) in the case of any Person that becomes an Obligor after the Effective Date, a supplement to the Security Agreement, in the form specified therein, duly executed and delivered on
behalf of such Obligor; 
 (b) all outstanding Capital Stock in any Subsidiary owned by or on behalf of any
Obligor shall have been pledged pursuant to the Security Agreement (except that, in the case of Foreign Subsidiaries, (x) such pledge shall be limited to 65% of the outstanding Voting Stock and 100% of the outstanding Capital Stock (other than
Voting Stock) of first-tier Foreign Subsidiaries and (y) no assets of any Foreign Subsidiary (including any Capital Stock or Voting Stock of a Subsidiary owned by a Foreign Subsidiary) shall be subject to the Collateral and Guarantee
Requirement) and the Agent shall have received all certificates or other instruments representing such Capital Stock, together with stock powers or other instruments of transfer with respect thereto endorsed in blank; 

(c) all documents and instruments, including Uniform Commercial Code financing statements, required by law or reasonably
requested by the Agent to be filed, registered or recorded to create the Liens intended to be created by the Security Documents and perfect or record such Liens to the extent, and with the priority, required by the Security Agreement, shall have
been filed, registered or recorded or delivered to the Agent for filing, registration or recording; 
 (d) each
Obligor shall have obtained all consents and approvals required to be obtained by it in connection with the execution and delivery of all Security Documents to which it is a party, the performance of its obligations thereunder and the granting of
the Liens granted by it thereunder; and 
 (e) each Obligor shall have taken all other action required under the
Security Documents to perfect, register and/or record the Liens granted by it thereunder. 
 “Combined Statutory Capital
and Surplus” means, as of the last day of any Fiscal Quarter, the sum of the amounts shown on the Combined Statutory Statement of the Insurance Subsidiaries as of the last day of such Fiscal Quarter on (i) p. 3, line 38 and
(ii) p. 3, line 24.1. 
 “Combined Statutory Statement” means a statement combining the Quarterly
Statements or Annual Statements, as applicable, of all the Insurance Subsidiaries. 
 “Commitment” means, as to
each Lender, its obligation to make Loans to the Company pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01
under the caption “Commitment” or opposite such 

  
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caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

 “Company” has the meaning specified in the introduction to this Agreement. 

“Compensation Period” has the meaning specified in Section 2.12(c)(ii). 

“Compliance Certificate” means a certificate substantially in the form of Exhibit A. 

“Contingent Obligation” means, without duplication, any agreement, undertaking or arrangement by which any Person
guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a
creditor against loss) the debt, obligation or other liability of any other Person (other than by endorsements of instruments in the course of collection or indemnities under contracts entered into in the ordinary course of business and not in
respect of Indebtedness or the issuance of Capital Stock), or guarantees the payment of dividends or other distributions upon the shares of any other Person; provided that the obligations of any Person under Reinsurance Agreements or in
connection with Investments of Insurance Subsidiaries permitted by the applicable Department shall not be deemed Contingent Obligations of such Person. The amount of any Contingent Obligation of any Person shall (subject to any limitation set forth
therein) be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof as determined by such Person in good faith. 
 “Contractual
Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, undertaking, contract, indenture, mortgage, deed of trust or other instrument, document or agreement to which such Person is a
party or by which it or any of its property is bound. 
 “Debt to Total Capitalization Ratio” means, as of any
date of determination, without duplication, the ratio of (a) the principal amount of and accrued but unpaid interest on all Indebtedness of the Company outstanding on such date, other than (i) Indebtedness owing to any Subsidiary Guarantor
and (ii) Indebtedness of the kind referred to in clause (e) of the definition of “Indebtedness,” to (b) Total Capitalization on such date. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Default” means any event or circumstance that constitutes an Event of Default or that, with the giving of notice, the
lapse of time, or both, would (if not cured or otherwise remedied during such time) constitute an Event of Default. 

“Defaulting Lender” means any Lender that, as determined by the Agent (following consultation with the Company),
(a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans, within three Business Days of the date required to be funded by it hereunder, (b) has notified the Company or the Agent that it does not
intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder, (c) has failed, within three Business Days after request by the Agent, to confirm in a manner
satisfactory to the Agent that it will comply with its funding obligations, or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver,
conservator, 

  
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trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any
action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity
interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority. 

“Department” means, with respect to any Insurance Subsidiary, the Governmental Authority of such Insurance
Subsidiary’s state of domicile with which such Insurance Subsidiary is required to file its Annual Statement. 

“Disposition” means the sale, assignment, leasing as lessor (other than in the ordinary course), transfer, contribution,
conveyance, issuance or other disposal of, or granting of options, warrants or other rights with respect to, any of a Person’s assets (including any transaction pursuant to a Reinsurance Agreement or a sale and leaseback transaction and, in the
case of any Subsidiary, the issuance or sale of its Capital Stock). The terms “Dispose”, “Disposing of” and “Disposed of” shall have correlative meaning. 

“Disqualified Capital Stock” means any Capital Stock which, by its terms (or by the terms of any security into which it
is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund
obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the first anniversary of the Maturity Date, (b) is convertible into or exchangeable (unless at the sole option of the issuer
thereof) for (i) debt securities or (ii) any Capital Stock referred to in (a) above, in each case at any time on or prior to the first anniversary of the Maturity Date, or (c) contains any repurchase obligation which may come
into effect prior to payment in full of all Obligations; provided, however, that any Capital Stock that would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security
into or for which such Capital Stock is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such Capital Stock upon the occurrence of a change in control or an asset sale occurring prior to the first
anniversary of the Maturity Date shall not constitute Disqualified Capital Stock if such Capital Stock provides that the issuer thereof will not redeem any such Capital Stock pursuant to such provisions prior to the repayment in full of the
Obligations. 
 “Dollars,” “dollars” and “$” each mean lawful money of the
United States. 
 “Domestic Subsidiary” means a Subsidiary that is not a Foreign Subsidiary. 

“Economic Sanctions Laws” means any and all laws, judgments, orders, executive orders, decrees, ordinances, rules,
regulations, statutes, case law or treaties applicable to a Obligor, its Subsidiaries or Affiliates relating to economic sanctions and terrorism financing, including any applicable provisions of the Trading with the Enemy Act (50 U.S.C. App.
§§ 5(b) and 16, as amended), the International Emergency Economic Powers Act (50 U.S.C. §§ 1701-1706, as amended) and Executive Order 13224 (effective September 24, 2001), as amended. 

“Effective Date” means the date on which all conditions precedent set forth in Sections 4.01 and 4.02 are
satisfied or waived in accordance with Section 10.01. 
 “Eligible Assignee” means (a) a
Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the Agent and (ii) unless an Event of Default has occurred and is continuing, the Company
(each such approval not to be unreasonably withheld or delayed); provided that (x) notwithstanding the foregoing, “Eligible Assignee” shall not include 

  
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the Company or any of the Company’s Subsidiaries and (y) the Company shall be deemed to have approved an assignee unless it shall object thereto by written notice to the Agent within
five (5) Business Days after having received notice thereof. 
 “Embargoed Person” means any party that
(i) is publicly identified on the most current list of “Specially Designated Nationals and Blocked Persons” published by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or resides, is
organized or chartered or has a place of business in a country or territory subject to OFAC sanctions or embargo programs or (ii) is publicly identified as prohibited from doing business with the United States under the International Emergency
Economic Powers Act, the Trading With the Enemy Act or any other Requirement of Law. 
 “Environment” means
ambient air, indoor air, surface water, groundwater, drinking water, soil, surface and subsurface strata, and natural resources such as wetlands, flora and fauna. 
 “Environmental Claims” means all written claims, complaints, notices or inquiries, by any Governmental Authority or other Person alleging potential liability or responsibility for
violation of any Environmental Law, or for release or injury to the environment or threat to public health, personal injury (including sickness, disease or death), property damage, natural resources damage, or otherwise alleging liability or
responsibility for damages (punitive or otherwise), cleanup, removal, remedial or response costs, restitution, civil or criminal penalties, injunctive relief or other type of relief, resulting from or based upon the presence, placement, or Release
(including intentional or unintentional, negligent or non-negligent, sudden or non-sudden or accidental or non-accidental placement, spills, leaks, discharges, emissions or releases) of any Hazardous Material at, in, under or from property, whether
or not owned by the Company or any of its Subsidiaries, excluding in any case liabilities or claims arising under any insurance contract or policy, reinsurance agreement or retrocession agreement relating to any of the foregoing. 

“Environmental Laws” means all Requirements of Law relating to pollution or protection of the Environment, health and
safety. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for
damages, costs of remediation, fines, penalties or indemnities), of the Company, any other Obligor or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage or treatment of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or
other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“ERISA” means the Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder.

 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the
Company or any of its Subsidiaries within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) with respect to any Pension
Plan, the failure to satisfy the minimum funding standard under Section 412 of the Code and Section 302 of ERISA, whether or not waived, the failure to make by its due date a required installment under Section 430(j) of the Code with
respect to any Pension Plan or the failure to make a required contribution to a Multiemployer Plan; (c) a withdrawal by the Company, any of its Subsidiaries or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during
a plan year in which it was a 

  
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substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations which is treated as such a withdrawal under Section 4062(e) of ERISA; (d) a complete
or partial withdrawal by the Company, any of its Subsidiaries or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (e) the filing of a notice of intent to terminate, the treatment of a
Plan amendment as a termination under Section 4041 or 4041A of ERISA or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (f) an event or condition that could reasonably be expected to
constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (g) the imposition of any liability under Title IV of ERISA, other than PBGC
premiums due but not delinquent under Section 4007 of ERISA, upon the Company, any of its Subsidiaries or any ERISA Affiliate. 
 “Eurodollar Rate” means for any Interest Period with respect to a Eurodollar Rate Loan: 
 (a) the rate per annum equal to the rate determined by the Agent to be the offered rate that appears on the Reuters page (or any successor thereto) that displays an average British Bankers Association
Interest Settlement Rate for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first day
of such Interest Period, or 
 (b) if the rate referenced in the preceding clause (a) does not appear on
such page or service or such page or service shall not be available, the rate per annum equal to the rate determined by the Agent to be the offered rate on such other page or other service that displays an average British Bankers Association
Interest Settlement Rate for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business Days prior to the first day
of such Interest Period, or 
 (b) if the rates referenced in the preceding clauses (a) and (b) are not
available, the rate per annum determined by the Agent as the rate of interest at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate Loan being made,
continued or converted by MSSF and with a term equivalent to such Interest Period would be offered by MSSF’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 4:00 p.m. (London time) two
Business Days prior to the first day of such Interest Period; 
 provided that the Eurodollar Rate shall not be deemed to be less than
1.50% per annum. 
 “Eurodollar Rate Loan” means a Loan that bears interest at a rate based on the
Eurodollar Rate. 
 “Event of Default” has the meaning specified in Section 8.01. 

“Exchange Act” means the Securities Exchange Act of 1934 and the regulations promulgated thereunder. 

“Excluded Subsidiary” means any Subsidiary that is a Foreign Subsidiary, a Subsidiary of a Foreign Subsidiary, a
non-Wholly-Owned Subsidiary or an Immaterial Subsidiary. 
 “Excluded Taxes” means, with respect to the Agent,
any Lender or any other recipient of any payment to be made by or on account of any obligation of any Obligor under any Loan Document, (a) Taxes imposed on or measured by its net income (however denominated, and including (for the avoidance

  
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of doubt) any backup withholding in respect thereof under Section 3406 of the Code or any similar provision of state, local or foreign law), franchise Taxes imposed on it in lieu of net
income Taxes (including, for the avoidance of doubt, any such Taxes measured by overall gross receipts) and branch profits (or similar) Taxes imposed on it, in each case, by a jurisdiction (or any political subdivision thereof) as a result of the
recipient being organized, having an office or being engaged in business (other than a business arising (or being deemed to arise) solely as a result of the Loan Documents or the transactions contemplated by the Loan Documents) in such jurisdiction,
(b) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Company under Section 10.14), any U.S. federal withholding Tax that (i) is imposed on amounts payable to such Foreign Lender under any
laws in effect at the time such Foreign Lender becomes a party hereto (or designates a new lending office), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, immediately prior to the time of designation of a new
lending office (or assignment), to receive additional amounts from the Company with respect to such withholding Tax pursuant to Section 3.01(a); or (ii) is attributable to such Foreign Lender’s failure to comply with
Section 3.01(e) and (c) any United States federal withholding Tax that is imposed pursuant to FATCA. 

“Existing Convertible Debentures” means the Company’s 7.0% Convertible Senior Debentures due 2016, to the extent
outstanding on the Closing Date. 
 “Existing Credit Agreement” means the Second Amended and Restated Credit
Agreement, dated as of October 10, 2006, by and among the Company, the lenders named therein, Wilmington Trust FSB (as successor agent to Bank of America, N.A.), as agent for such lenders, and JPMorgan Chase Bank, N.A., as syndication agent (as
amended by Amendment No. 1, by Amendment No. 2 and Amendment No. 3 thereto dated as of June 12, 2007, March 30, 2009 and December 22, 2009, respectively). 

“Facility” means, at any time, (a) on or prior to the Effective Date, the aggregate amount of the Commitments at
such time and (b) thereafter, the aggregate principal amount of the Loans of all Lenders outstanding at such time. 

“FATCA” means current Sections 1471 through 1474 of the Code and any amended or successor version that is substantively
comparable (including any Treasury regulations or other official administrative guidance promulgated thereunder). 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Agent on such day on such transactions as determined by the Agent.

 “Financial Strength Rating Condition” has the meaning specified in Section 2.08(b). 

“Fiscal Quarter” means any fiscal quarter of a Fiscal Year. 

“Fiscal Year” means any period of twelve consecutive calendar months ending on December 31. 

“Foreign Lender” means any Lender that is not a U.S. Person within the meaning of Section 7701(a)(30) of the Code.

  
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 “Foreign Subsidiary” means a Subsidiary (which may be a corporation,
limited liability company, partnership or other legal entity) organized under the laws of a jurisdiction outside the United States, other than any such entity that is (whether as a matter of law, pursuant to an election by such entity or otherwise)
treated as a partnership in which any Obligor is a partner or as a branch of any Obligor for United States income tax purposes. 

“FRB” means the Board of Governors of the Federal Reserve System and any Governmental Authority succeeding to any of its
principal functions. 
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “GAAP” means generally accepted accounting principles set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession), that are applicable to the
circumstances as of the date of determination. 
 “Governmental Authority” means any nation or government, any
state or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial or regulatory functions of or pertaining to government and any corporation
or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing, including any board of insurance, insurance department or insurance commissioner. 

“Historical Statutory Statements” has the meaning specified in Section 5.11. 

“Hazardous Material” means: (a) any “hazardous substance,” as defined by CERCLA; (b) any
“hazardous waste,” as defined by the Resource Conservation and Recovery Act; (c) petroleum and any petroleum product; or (d) any other pollutant, contaminant, chemical, material, waste or substance in any form as to which
liability or standards of conduct can be imposed under any Environmental Law. 
 “Immaterial Subsidiary” means
any Non-Insurance Subsidiary that (a) has assets with an aggregate fair market value less than $5,000,000 as of the end of the most recently ended Fiscal Quarter, (b) has aggregate revenues less than $10,000,000 for the period of four
consecutive Fiscal Quarters most recently ended, (c) has no Indebtedness (other than Indebtedness existing on the date hereof and listed in Schedule 7.01 or permitted under Section 7.01(a)(x) and other Indebtedness in an
aggregate principal amount not exceeding at any time one-half of the fair market value of the assets of such Subsidiary at such time), (d) is not integral to the business or operations of the Company or its Subsidiaries (other than Immaterial
Subsidiaries), (e) has no Subsidiaries (other than Immaterial Subsidiaries), and (f) is not an Obligor; provided that CNO Management Services Company shall not be deemed to be an Immaterial Subsidiary so long as it is the manager of
CNO Services, LLC pursuant to the latter’s limited liability company agreement. 
 “Indebtedness” means,
with respect to any Person, without duplication: (a) all indebtedness of such Person for borrowed money or in respect of loans or advances; (b) all indebtedness of such Person evidenced by bonds, debentures, notes or other similar
instruments; (c) all indebtedness in respect of letters of credit, whether or not drawn, and bankers’ acceptances and letters of guaranty issued for the account or upon the application or request of such Person; (d) all Capitalized
Lease Liabilities of such Person; (e) the liabilities (if any) of such Person in respect of Swap Contracts as determined by reference to the Swap Termination Value thereof; (f) all obligations of such Person to pay the deferred purchase
price 

  
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of property or services that are included as liabilities in accordance with GAAP (other than accrued expenses incurred and trade accounts payable in each case in the ordinary course of business)
and all obligations secured by a Lien on property owned or being purchased by such Person, but only to the extent of the lesser of the obligations secured or the value of the property to which such Lien is attached (including obligations arising
under conditional sales or other title retention agreements); (g) any obligations of a partnership of the kind referred to in clauses (a) through (f) above or clause (h) or (i) below in which such Person is a general
partner; (h) solely for purposes of Section 7.11, all obligations in respect of preferred stock (other than preferred stock that qualifies as permanent equity for purposes of GAAP) of such Person; and (i) all Contingent
Obligations of such Person in connection with Indebtedness or obligations of others of the kinds referred to in clauses (a) through (h) above. 
 “Indemnified Liabilities” has the meaning specified in Section 10.05. 
 “Indemnified Person” has the meaning specified in Section 10.05. 
 “Indemnified Taxes” means all Taxes other than Excluded Taxes. 

“Independent Auditor” has the meaning specified in Section 6.01(a). 

“Insolvency Proceeding” means, with respect to any Person, (a) any case, action or proceeding with respect to such
Person before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, conservation, rehabilitation, receivership, dissolution, winding-up or relief of debtors or (b) any general assignment for
the benefit of creditors, composition, marshalling of assets for creditors or other similar arrangement in respect of its creditors generally or any substantial portion of its creditors, in any case, undertaken under U.S. Federal, state or foreign
law, including title 11 of the United States Code. 
 “Insurance Subsidiary” means any Subsidiary that is
required to be licensed as an insurer or reinsurer. 
 “Intercreditor Agreement” shall mean the Pari Passu
Intercreditor Agreement substantially in the form attached hereto as Exhibit J. 
 “Interest Coverage
Ratio” means, for any Calculation Period, the ratio of (a) CNO Available Cash Flow for such Calculation Period to (b) Cash Interest Expense for such Calculation Period. 

“Interest Payment Date” means (a) with respect to any Base Rate Loan, the last Business Day of each calendar
quarter and (b) with respect to any Eurodollar Rate Loan, the last day of each Interest Period applicable to the Borrowing of which such Loan is a part; provided that if any Interest Period for a Eurodollar Rate Loan exceeds three
months, the date that falls three months after the beginning of such Interest Period and after each Interest Payment Date thereafter is also an Interest Payment Date (but in each case, subject to the definition of “Interest
Period”). 
 “Interest Period” means, with respect to any Eurodollar Rate Borrowing, the period
beginning on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter, as the Company may elect; provided that: 

(i) if any Interest Period would otherwise end on a day that is not a Business Day, that Interest Period shall be extended
to the following Business Day unless the result of such extension would be to carry such Interest Period into another calendar month, in which event such Interest Period shall end on the preceding Business Day; 

  
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 (ii) any Interest Period that begins on the last Business Day of a calendar
month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(iii) no Interest Period for any Loan shall extend beyond the Maturity Date. 

For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the
effective date of the most recent continuation of such Borrowing. 
 “Interest Type” means, when used with
respect to any Loan or Borrowing, whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Eurodollar Rate or the Base Rate. 

“Investment” means any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to,
or purchase (including purchases financed with equity) of any Capital Stock, bonds, notes, debentures or other debt securities of, or any other investment in, any Person. For purposes of covenant compliance, the amount of any Investment shall be the
amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment, but shall be reduced by the amount equal to any returns in respect of such Investment received by the investor thereof in the same
form as the original Investment (or in cash). 
 “Investment Grade Asset” means any Investment with a fixed
maturity that has a rating of (x) at least BBB- by S&P and, if such Investment is rated by Moody’s, at least Ba2 from Moody’s or (y) at least Baa3 by Moody’s and, if such Investment is rated by S&P, at least BB from
S&P, or, if such Investment is not rated by either S&P or Moody’s, an NAIC rating of at least Class 2. 

“Investment Income” means the amount of earnings of the Company on Investments, net of expenses actually incurred in
connection with such Investments and taking into account realized gains and losses on such Investments. 

“IRS” means the Internal Revenue Service or any Governmental Authority succeeding to any of its principal functions
under the Code. 
 “Lenders” has the meaning specified in the introduction to this Agreement and includes any
other Person that shall have become a party hereto pursuant to an Assignment and Assumption in accordance with Section 10.07, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

 “Lending Office” means, as to any Lender, the office or offices of such Lender specified as its
“Lending Office” or “Domestic Lending Office” or “Eurodollar Lending Office,” as the case may be, on Schedule 10.02 or in its administrative questionnaire delivered to the Agent, or such other office or offices
as such Lender may from time to time notify the Company and the Agent. 
 “License” means any license,
certificate of authority, permit or other authorization that is required to be obtained from any Governmental Authority in connection with the operation, ownership or transaction of insurance business. 

“Lien” means any security interest, mortgage, deed of trust, pledge, hypothecation, assignment, charge or deposit
arrangement, encumbrance, lien (statutory or other) or preferential arrangement of any kind or nature whatsoever in respect of any property (including those created by, arising under or evidenced

  
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by, any conditional sale or other title retention agreement, the interest of a lessor under a capital lease or any financing lease having substantially the same economic effect as any of the
foregoing) and any contingent or other agreement to provide any of the foregoing, but not including the interest of a lessor under an operating lease or a licensor under a license that does not otherwise secure an obligation. 

“Loan” has the meaning set forth in Section 2.01(a). 

“Loan Documents” means this Agreement, all Notes, the Intercreditor Agreement, the Security Documents and any fee letter
agreement entered into pursuant to Section 2.10, and in the case of the Security Documents, all Secured Swap Contracts. 
 “Loan Notice” means a notice of (a) Borrowing, (b) a conversion of a Loan from one Interest Type to the other or (c) a continuation of Eurodollar Rate Loans, substantially
in the form of Exhibit C. 
 “Margin Stock” means “margin stock” as such term is defined in
Regulation T, U or X of the FRB. 
 “Material Acquisition” means any acquisition of assets by the Company or
its Subsidiaries in a transaction or series of related transactions for consideration exceeding $80,000,000, other than any such acquisition by any Insurance Subsidiary in the ordinary course of business in compliance with Section 7.16
and the investment policy approved by the board of directors of such Insurance Subsidiary. 
 “Material Adverse
Effect” means (a) a material adverse change in, or a material adverse effect upon, the business, properties or condition (financial or otherwise) of the Company or the Company and its Subsidiaries taken as a whole; (b) a material
impairment of the ability of any Obligor to perform under any Loan Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Obligor of any Loan Document to which
it is a party. 
 “Material Disposition” means any disposition of assets by the Company or its Subsidiaries in
a transaction or series of related transactions for consideration exceeding $80,000,000, other than any such disposition by any Insurance Subsidiary in the ordinary course of business consistent with the investment policy approved by the board of
directors of such Insurance Subsidiary. 
 “Maturity Date” means September 30, 2016, or if such day is not
a Business Day, the next preceding Business Day. 
 “Moody’s” means Moody’s Investors Service, Inc.,
together with any Person succeeding thereto by merger, consolidation or acquisition of all or substantially all of its assets, including substantially all of its business of rating securities. 

“MSSF” means Morgan Stanley Senior Funding, Inc. 

“Multiemployer Plan” means a “multiemployer plan,” within the meaning of Section 4001(a)(3) of ERISA, to
which the Company, any of its Subsidiaries or any ERISA Affiliate makes, is making or is obligated to make contributions or, during the preceding six calendar years, has made, or been obligated to make, contributions. 

“NAIC” means the National Association of Insurance Commissioners or any successor thereto, or in the absence of the
National Association of Insurance Commissioners or such successor, any other association, agency or other organization performing advisory, coordination or other like functions among insurance departments, insurance commissioners and similar
Governmental Authorities of the various states of the United States toward the promotion of uniformity in the practices of such Governmental Authorities. 

  
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 “Net Income” means, for any Person for any Calculation Period, the net
income (or loss) of such Person for such period as determined in accordance with GAAP. 
 “Net Proceeds” means
(a) with respect to any Asset Sale or Casualty Event, the aggregate amount of cash and cash equivalents received in respect of such Asset Sale or Casualty Event, as the case may be (including any such amounts received by way of deferred payment
of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but only as and when received and, in the case of a Casualty Event, insurance proceeds, condemnation awards and similar payments), minus
the sum of (i) all costs and expenses (including legal fees, notarial fees, accountants’ fees, investment banking fees, survey costs and title insurance premiums) paid by the Company or any of its Subsidiaries to third parties, amounts
applied to the repayment of Indebtedness (other than the Loans) secured by a Lien (other than a Lien that ranks pari passu with or junior to the Liens securing the Obligations) expressly permitted hereunder on any asset that is the subject of such
Asset Sale or Casualty Event, costs of discontinuance (including any reasonable severance payments), Taxes other than Income Taxes (after taking into account any available tax credits, exemptions or deductions and any tax sharing arrangements) and
other customary fees and expenses incurred in connection with such Asset Sale or Casualty Event and required to be paid in cash or deducted from the proceeds of such Asset Sale or Casualty Event, (ii) the estimated income tax or other Taxes to
the extent payable by the Person selling or Disposing of such asset actually required to be paid in cash in connection with such Asset Sale (after taking into account any available tax credits, exemptions or deductions and any tax sharing
arrangements), (iii) purchase price adjustments reasonably expected to be payable in connection therewith and the aggregate amount of reserves taken by the Company or any of its Subsidiaries in accordance with GAAP against indemnification
obligations incurred in connection therewith (not to exceed, in the aggregate, 10% of the purchase price for the relevant Asset Sale) so long as, if any such amount ceases to be payable, it shall then become “Net Proceeds” and
(iv) for an Insurance Subsidiary or any Subsidiary of an Insurance Subsidiary, any amounts that the Department will not permit such Insurance Subsidiary or such Subsidiary of an Insurance Subsidiary to distribute (including as a dividend or
otherwise) directly or indirectly to the Company as a result of such Asset Sale or Casualty Event, and (b) with respect to any issuance of Capital Stock of, or capital contribution to, the Company or any Subsidiary, or any incurrence of
Indebtedness by the Company or any of its Subsidiaries, the proceeds thereof in the form of cash and cash equivalents, minus the costs and expenses paid or payable within 90 days of incurrence (so long as, if any such amount is not paid within such
period, it shall become “Net Proceeds” on the last day of such period) by the Company or any of its Subsidiaries to third parties in connection therewith (including legal fees, notarial fees, accountants’ fees, investment banking
fees, underwriting discounts and commissions, taxes and other customary fees and expenses incurred in connection therewith) and required to be paid in cash or deducted from the proceeds of such issuance, contribution or incurrence. For purposes of
this definition, the Net Proceeds received by any Person in respect of any Disposition shall include such cash or cash equivalents as may be received (“subsequent cash proceeds”) by such Person at any time or from time to time in
connection with the sale, transfer, lease or other disposition, or otherwise in respect of, any consideration other than cash or cash equivalents received by such Person in respect of such Disposition, less the estimated income tax or other Taxes to
the extent payable by the Person selling or Disposing of such asset to be paid in connection with the receipt of such subsequent cash proceeds (after taking into account any available tax credits, exemptions or deductions and any tax sharing
arrangements) that was not theretofore deducted in computing Net Proceeds. 
 “Non-Consenting Lender”
means a Lender that does not consent to an amendment or waiver pursuant to Section 10.01 that requires the consent of all or all affected Lenders in order to become effective and as to which Lenders holding more than 50% of the Loans
under the Facility have consented. 

  
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 “Non-Insurance Subsidiary” means any Subsidiary that is not an Insurance
Subsidiary. 
 “Note” has the meaning specified in Section 2.04(b). 

“Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Obligor
arising under any Loan Document or otherwise with respect to any Loan, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and
fees that accrue after the commencement by or against any Obligor of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.
Without limiting the generality of the foregoing, the Obligations of the Obligors under the Loan Documents include (a) the obligation to pay principal, interest, charges, expenses, fees, attorney costs, indemnities and other amounts payable by
any Obligor under any Loan Document and (b) the obligation of any Obligor to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Obligor.

 “Obligors” means the Company and the Subsidiary Guarantors. 

“OFAC” has the meaning set forth in the definition of “Embargoed Person.” 

“Organization Documents” means (i) with respect to any corporation, the certificate or articles of incorporation,
the bylaws, any certificate of designation or instrument relating to the rights of preferred shareholders of such corporation, any shareholder rights agreement, and all applicable resolutions of the board of directors (or any committee thereof) of
such corporation, (ii) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement, and all applicable resolutions or consents of the governing body (or any committee thereof)
of such limited liability company and (iii) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement,
instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles
of formation or organization of such entity, and all applicable resolutions or consents of the governing body (or any committee thereof), or in the case of clauses (i), (ii) and (iii), the equivalent or comparable constituent documents with
respect to any Foreign Subsidiary. 
 “Other Taxes” means any present or future recording, stamp, court or
documentary Taxes or any other excise, sales or property Taxes, charges or similar levies that arise from any payment made under this Agreement or any other Loan Document or from the execution, delivery, performance, enforcement or registration of,
or otherwise with respect to, this Agreement or any other Loan Document. 
 “Outstanding Amount” means, with
respect to Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Loans occurring on such date. 

“Participant” has the meaning specified in Section 10.07(d). 

“Patriot Act” has the meaning specified in Section 10.17. 

“PBGC” means the Pension Benefit Guaranty Corporation or any Governmental Authority succeeding to any of its principal
functions under ERISA. 

  
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 “Pension Plan” means a pension plan (as defined in Section 3(2) of
ERISA) subject to Title IV of ERISA that the Company, any of its Subsidiaries or any ERISA Affiliate sponsors or maintains, or to which it makes, is making or is obligated to make contributions, or in the case of a multiple employer plan (as
described in Section 4064(a) of ERISA) has made contributions at any time during the immediately preceding five plan years. 
 “Perfection Certificate” means a certificate substantially in the form of Exhibit E to the Security Agreement or any other form approved by the Agent. 

“Permitted Swap Obligations” means all obligations (contingent or otherwise) of the Company or any Subsidiary existing
or arising under Swap Contracts, provided that each of the following criteria is satisfied: (a) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks
associated with liabilities, commitments or assets held by such Person, or changes in the value of securities issued by such Person in conjunction with a securities repurchase program not otherwise prohibited hereunder, and not for purposes of
speculation or taking a “market view” and (b) such Swap Contracts do not contain any provision (“walk-away” provision) exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to
the defaulting party. 
 “Permitted Transactions” means (a) mortgage-backed security transactions in which
an investor sells mortgage collateral, such as securities issued by the Government National Mortgage Association and the Federal Home Loan Mortgage Corporation, for delivery in the current month while simultaneously contracting to repurchase
“substantially the same” (as determined by the Public Securities Association and GAAP) collateral for a later settlement, (b) transactions in which an investor lends cash to a primary dealer and the primary dealer collateralizes the
borrowing of the cash with certain securities, (c) transactions in which an investor lends securities to a primary dealer and the primary dealer collateralizes the borrowing of the securities with cash collateral, (d) transactions in which
an investor makes loans of securities to a broker-dealer under an agreement requiring such loans to be continuously secured by cash collateral or United States government securities, (e) transactions structured as, and submitted to the NAIC
Securities Valuation Office for approval as, Replication (Synthetic Asset) Transactions (RSAT) (provided that, to the extent that such approval is not granted in respect of any such transaction, such transaction shall cease to constitute a
Permitted Transaction 30 days following the date of such rejection, denial or non-approval) and (f) transactions in which a federal home loan mortgage bank (a “FHLMB”) makes loans to an Insurance Subsidiary, that are
sufficiently secured by appropriate assets of such Insurance Subsidiary consisting of government agency mortgage-backed securities in accordance with the rules, regulations and guidelines of such FHLMB for its loan programs. 

“Person” means an individual, partnership, corporation, limited liability company, business trust, joint stock company,
trust, unincorporated association, joint venture or Governmental Authority or other entity of whatever nature. 

“Plan” means an employee benefit plan (as defined in Section 3(3) of ERISA) that the Company or any of its
Subsidiaries sponsors or maintains or to which the Company or any of its Subsidiaries makes, is making or is obligated to make, contributions and includes any Pension Plan. 
 “Pro Forma Basis” means, with respect to compliance with any test or covenant hereunder and in connection with any event or transaction requiring a calculation on a Pro Forma Basis for
any period, compliance with such test or covenant after giving effect to such event or transaction, and (i) in the case of any Material Acquisition or Material Disposition, including pro forma adjustments only to the extent consistent with
Article 11 of Regulation S-X under the Securities Act and using for purposes of determining such compliance (x) in the case of any Material Acquisition, the historical financial statements of all

  
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entities or assets so acquired or to be acquired and (y) the consolidated financial statements of the Company and its Subsidiaries, which shall be reformulated as if such Material
Acquisition or Material Disposition, and any other Material Acquisitions or Material Dispositions that have been consummated during such period, had been consummated on the first day of such period; (ii) in the case of any incurrence or
prepayment or repayment of Indebtedness (other than under revolving credit facilities in the ordinary course of business), assuming such Indebtedness was incurred, prepaid or repaid on the first day of such period and assuming that such Indebtedness
bears interest during the portion of such period prior to the date of incurrence at, in the case of Indebtedness bearing interest at a floating rate, the weighted average of the interest rates applicable to outstanding Loans during such period and,
in the case of Indebtedness bearing interest at a fixed rate, such fixed rate; (iii) in the case of the declaration or payment of any dividend, assuming such dividend had been declared and paid on the first day of such period; and
(iv) making such other pro forma adjustments as would be permitted or required by Regulation S-X under the Securities Act; provided, however, that such compliance calculation shall take into account other cost savings measures
identified by the Company which the Agent, in its reasonable business judgment, deems reasonably identifiable and factually supportable, and which cost savings measures have been certified by a Responsible Officer. 

“Pro Rata Share” means, as to any Lender (a) at any time at which the Commitments under the Facility remain
outstanding, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of such Lender’s Commitment under the Facility divided by the combined Commitments of all Lenders under the Facility, and
(b) after the termination of the Commitments under the Facility, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of the principal amount of such Lender’s outstanding Loans under the
Facility divided by the aggregate principal amount of the outstanding Loans of all the Lenders under the Facility. 

“Purchase Money Debt” means Indebtedness incurred by a Person in connection with the purchase of fixed or capital assets
by such Person, in which assets the seller or financier thereof has taken or retained a Lien; provided that (x) any such Lien attaches to such assets concurrently with or within 120 days after the purchase thereof by such Person and
(y) at the time of incurrence of such Indebtedness, the aggregate principal amount of such Indebtedness shall not exceed the costs of the assets so purchased plus fees and expenses reasonably related thereto. 

“Quarterly Statement” means the quarterly statutory financial statement of any Insurance Subsidiary required to be filed
with the insurance commissioner (or similar authority) of its jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used
for filing quarterly statutory financial statements and shall contain the type of financial information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed
therewith. 
 “Refinance” means, with respect to any Indebtedness, to refinance, refund, renew, replace,
exchange or extend such Indebtedness. 
 “Refinancing Indebtedness” means, with respect to any Indebtedness,
any Refinancing of such Indebtedness; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness being Refinanced except
by an amount equal to unpaid accrued interest and premium thereon plus other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such Refinancing and as otherwise permitted to be incurred pursuant to
Section 7.01 (it being understood that any such Indebtedness otherwise permitted to be incurred shall constitute Indebtedness under the relevant provision of Section 7.01 pursuant to which it shall be incurred and not
Refinancing Indebtedness), (b) such Refinancing Indebtedness shall have a final maturity date equal to or later than the final maturity date of, and has a Weighted 

  
 -19-

 
Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being Refinanced, (c) if the Indebtedness being Refinanced is contractually
subordinated in right of payment to the Obligations, such Refinancing Indebtedness shall be contractually subordinated in right of payment to the Obligations on terms that are at least as favorable to the Lenders as those contained in the
documentation governing the Indebtedness being Refinanced, taken as a whole, (d) such Refinancing Indebtedness shall be incurred by the Person or Persons who are the obligors on the Indebtedness being Refinanced or would otherwise be permitted
to incur such Indebtedness (including any guarantees thereof pursuant to Section 7.01 and Section 7.09), (e) at the time thereof, no Event of Default shall have occurred and be continuing, (f) such Refinancing
Indebtedness shall be unsecured if the Indebtedness being Refinanced is unsecured, (g) such Refinancing Indebtedness is not secured by any additional property or collateral other than (i) property or collateral securing the Indebtedness
being Refinanced and (ii) proceeds and products thereof and (h) if any Liens securing the Indebtedness being Refinanced is subordinated to the Liens securing the Obligations, the Liens securing the Refinancing Indebtedness shall be
subordinated to the Liens securing the Obligations on terms that are at least as favorable to the Secured Parties as those contained in the documentation governing the Indebtedness being Refinanced, taken as a whole. 

“Register” has the meaning specified in Section 10.07(c). 

“Reinsurance Agreements” means any agreement, contract, treaty, certificate or other arrangement by which any Insurance
Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar
arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department. 

“Release” means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping,
emptying, injection or leaching into the Environment. 
 “Related Parties” means, with respect to any Person,
such Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA or the regulations thereunder, other than any such event for which the 30-day notice requirement
under ERISA has been waived in regulations issued by the PBGC. 
 “Required Lenders” means, as of any date of
determination, Lenders holding more than 50% of the Total Outstandings; provided that the portion of the Total Outstandings held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required
Lenders. 
 “Requirement of Law” means, as to any Person, any law (statutory or common), treaty, rule or
regulation or determination of an arbitrator or of a Governmental Authority, in each case applicable to or legally binding upon the Person or any of its property or to which the Person or any of its property is subject. 

“Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer or assistant
treasurer of an Obligor. Any document delivered under any Loan Document that is signed by a Responsible Officer of an Obligor shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the
part of such Obligor and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Obligor. Unless otherwise specified, “Responsible Officer” means a Responsible Officer of the Company. 

  
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 “Restricted Payments” has the meaning set forth in
Section 7.08. 
 “S&P” means Standard & Poor’s Ratings Group, a division of
McGraw-Hill, Inc., together with any Person succeeding thereto by merger, consolidation or acquisition of all or substantially all of its assets, including substantially all of its business of rating securities. 

“SAP” means, with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the
insurance commissioner (or other similar authority) in the jurisdiction of such Insurance Subsidiary for the preparation of annual statements and other financial reports by insurance companies of the same type as such Insurance Subsidiary that are
applicable to the circumstances as of the date of filing of such statement or report. 
 “SEC” means the
Securities and Exchange Commission or any Governmental Authority succeeding to any of its principal functions. 

“Secured Guarantee” has the meaning specified in the Security Agreement. 

“Secured Obligations” has the meaning specified in the Security Agreement. 

“Secured Parties” has the meaning specified in the Security Agreement. 

“Secured Swap Contract” means any Swap Contract entered into by an Obligor with a Lender (or an Affiliate of a Lender),
at the time such Swap Contract was entered into, to hedge interest rate risk of such Obligor and Subsidiaries that are not Insurance Subsidiaries. 
 “Securities Act” means the Securities Act of 1933 and the regulations promulgated thereunder. 
 “Security Agreement” means the Guarantee and Security Agreement, dated as of the Closing Date, among the Obligors and the Agent, substantially in the form attached hereto as Exhibit
F. 
 “Security Agreement Collateral” means all property pledged or granted as collateral pursuant to the
Security Agreement. 
 “Security Documents” means the Security Agreement, each mortgage and each other security
agreement, instrument or document executed and delivered pursuant thereto or pursuant to Section 6.12 or Section 6.13 to secure any of the Secured Obligations. 

“Senior Secured Notes” means $275.0 million aggregate principal amount of 9.00% senior secured notes due 2018 of the
Company issued under the Senior Secured Notes Indenture. 
 “Senior Secured Notes Documents” means the Senior
Secured Notes Indenture and the other documents governing the Senior Secured Notes. 
 “Senior Secured Notes
Indenture” means the Indenture, dated as of the Closing Date, between the Company, the Subsidiary Guarantors and Wilmington Trust FSB, as trustee. 
 “Single Employer Pension Plan” means a pension plan as such term is defined in Section 3(2) of ERISA, other than a multiemployer plan as defined in Section 4001(a)(3) of ERISA,
to which the Company, any of its Subsidiaries or any ERISA Affiliate may have liability, including any liability by reason of having been a substantial employer within the meaning of Section 4063 of ERISA at any time during the preceding five
years or by reason of being deemed to be a contributing sponsor under Section 4069 of ERISA. 

  
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 “Statutory Net Income” means, for any period, the net income of an
Insurance Subsidiary determined in accordance with SAP. 
 “Subsidiary” of a Person means any corporation,
partnership, limited liability company, limited liability partnership, joint venture, trust, association or other unincorporated organization of which or in which such Person and such Person’s Subsidiaries own directly or indirectly more than
50% of (a) the combined voting power of all classes of stock having general voting power under ordinary circumstances to elect a majority of the board of directors, if it is a corporation, (b) the voting or managing interests (which shall
mean the general partner in the case of a partnership), if it is a partnership, joint venture or similar entity, (c) the beneficial interest, if it is a trust, association or other unincorporated organization or (d) the membership
interest, if it is a limited liability company; provided that neither Resortport Investment Partnership nor any of its Subsidiaries shall be considered a Subsidiary for any purpose of this Agreement. Unless otherwise specified,
“Subsidiary” means a Subsidiary of the Company. 
 “Subsidiary Guarantors” means each
Subsidiary listed on the signature pages of the Security Agreement under the caption “Subsidiary Guarantors” and each Subsidiary that shall, at any time after the date thereof, become a Subsidiary Guarantor pursuant to
Section 23 of the Security Agreement. For the avoidance of doubt, no Insurance Subsidiary, Subsidiary of an Insurance Subsidiary, Foreign Subsidiary or, subject to Section 6.12(b), Immaterial Subsidiary shall be required to be a Subsidiary
Guarantor. 
 “Surplus Debentures” means, as to any Insurance Subsidiary, debt securities of such Insurance
Subsidiary issued to the Company or any other Subsidiary the proceeds of which are permitted to be included, in whole or in part, as Capital and Surplus of such Insurance Subsidiary as approved and permitted by the applicable Department. 

“Swap Contract” means any agreement relating to any transaction that is a rate swap, basis swap, forward rate
transaction, commodity swap, commodity option, equity or equity index swap or option, bond, note or bill option, interest rate option, forward foreign exchange transaction, cap, collar or floor transaction, currency swap, cross-currency rate swap,
swaption, currency option or any other similar transaction (including any option to enter into any of the foregoing) or any combination of the foregoing, and any master agreement relating to or governing any or all of the foregoing. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of
any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s) and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined by the Company based upon one or more mid-market or other readily available quotations
provided by any recognized dealer in such Swap Contracts (which may include any Lender). 
 “Synthetic Purchase
Agreement” means any agreement pursuant to which the Company or any of its Subsidiaries is or may become obligated to make (a) any payment in connection with the purchase by any third party from a Person other than the Company or any
of its Subsidiaries (other than any Subsidiary that is a Subsidiary of an Insurance Subsidiary but is not itself an Insurance Subsidiary) of any Capital Stock or Indebtedness of the Company or any of its Subsidiaries (other than any Subsidiary that
is a Subsidiary of an Insurance Subsidiary but is not itself an Insurance Subsidiary) or (b) any payment the amount of which is determined by reference to the price or value at any time of any such Capital Stock or Indebtedness; provided
that (i) no phantom stock or similar plan providing for payments only to current 

  
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or former directors, officers or employees of the Company or any of its Subsidiaries (or to their heirs or estates) and (ii) no such agreement in respect of any Disposition of any Capital
Stock of a Subsidiary of the Company that is permitted by Section 7.03 shall in either case be deemed to be a Synthetic Purchase Agreement. 
 “Tax Sharing Agreement” means the amended and restated consolidated income tax agreement dated January 1, 2004 among the Company and certain of its Subsidiaries and any amendment,
extension, renewal or replacement thereof. 
 “Taxes” means all present or future taxes, levies, imposts,
duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Total Capitalization” means, without duplication, (a) the amount described in clause (a) of the definition of
“Debt to Total Capitalization Ratio” plus (b) the Total Shareholders’ Equity of the Company. 

“Total Outstandings” means the aggregate Outstanding Amount of all Loans. 

“Total Shareholders’ Equity” means the total common and preferred shareholders’ equity of the Company as
determined in accordance with GAAP (calculated excluding (i) unrealized gains (losses) on securities as determined in accordance with FASB ASC 320 (Investments–Debt and Equity Securities) and (ii) any charges taken to write off any
goodwill included on the Company’s balance sheet on the Effective Date to the extent such charges are required by FASB ASC 320 (Investments–Debt and Equity Securities) and ASC 350 (Intangibles–Goodwill and Others). 

“Transaction Liens” means the Liens granted by the Obligors under the Security Documents. 

“Transactions” means the execution, delivery and performance by each Obligor of the Loan Documents to which it is to be
a party, the borrowing of the Loans hereunder on the Closing Date, the refinancing of the Existing Credit Agreement, the offering of the Senior Secured Notes and the payment of fees and expenses incurred in connection with the foregoing. 

“Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities under
Section 400l(a)(16) of ERISA over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

 “Uniform Commercial Code” means the Uniform Commercial Code as in effect from time to time in the State of
New York; provided that, if perfection or the effect of perfection or non-perfection or the priority of any Transaction Lien on any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than New York,
“Uniform Commercial Code” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority.

 “United States” and “U.S.” each means the United States of America. 

“Voting Stock” of any Person means Capital Stock of such Person entitling the holders thereof (whether at all times or
only so long as no senior class of stock or other relevant equity interest has voting power by reason of any contingency) to vote in the election of the board of directors or similar governing body of such Person. 

  
 -23-

 “Weighted Average Life to Maturity” means, when applied to any Indebtedness
at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including
payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such
Indebtedness. 
 “Wholly-Owned Subsidiary” means any Person in which all of the Capital Stock (other than
directors’ and national citizen qualifying shares or similar de minimis holdings by another Person, in each case, as required by law) is owned, beneficially and of record, by the Company, or by one or more of the other Wholly-Owned
Subsidiaries, or both. 
 Section 1.02. Other Interpretive Provisions. 

(a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b) The words “hereof,” “herein,” “hereunder” and similar words refer to this
Agreement as a whole and not to any particular provision of this Agreement; and subsection, Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

(c) (i) The term “documents” includes any and all instruments, documents, agreements, certificates, indentures, notices
and other writings, however evidenced. 
 (ii) The term “including” is not limiting and means “including
without limitation.” 
 (iii) In the computation of periods of time from a specified date to a later specified date, the
word “from” means “from and including,” the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including.”

 (d) Unless otherwise expressly provided herein or the context requires otherwise, (i) references to agreements
(including this Agreement) and other contractual instruments shall be deemed to include all subsequent amendments and other modifications thereto, but only to the extent such amendments and other modifications are not prohibited by the terms of any
Loan Document, (ii) references to any statute or regulation are to be construed as including all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting the statute or regulation, (iii) any
reference herein to a Person shall be construed to include such Person’s permitted successors and assigns and (iv) the word “property” shall be construed to refer to any and all tangible and intangible assets and
properties, including cash, securities, accounts and contract rights. 
 (e) The captions and headings of this Agreement are for
convenience of reference only and shall not affect the interpretation of this Agreement. 
 (f) This Agreement and other Loan
Documents may use several different limitations, tests or measurements to regulate the same or similar matters. All such limitations, tests and measurements are cumulative and shall each be performed in accordance with their terms. 

(g) This Agreement and the other Loan Documents are the result of negotiations among and have been reviewed by counsel to the Agent, the
Company and the other parties, and are the products of all parties. Accordingly, they shall not be construed against the Lenders or the Agent merely because of the Agent’s or Lenders’ involvement in their preparation. 

  
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 Section 1.03. Classification of Loans and Borrowings. 

For purposes of this Agreement, Loans may be classified and referred to by Interest Type (e.g., a “Eurodollar Rate
Loan”). Borrowings also may be classified and referred to by Interest Type (e.g., a “Eurodollar Rate Borrowing”). 
 Section 1.04. Accounting Principles. 
 (a) Unless the context
otherwise clearly requires, all accounting terms not expressly defined herein shall be construed, and all financial computations required under this Agreement shall be made, in accordance with GAAP as in effect from time to time, consistently
applied. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Company and its Subsidiaries shall be deemed to be carried
at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded. 
 (b) References herein to particular columns, lines or sections of any Person’s Annual Statement shall be deemed, where appropriate, to be references to the corresponding column, line or section of
such Person’s Quarterly Statement, or if no such corresponding column, line or section exists or if any report form changes, then to the corresponding item referenced thereby. In the event the columns, lines or sections of the Annual Statement
or Quarterly Statement referenced herein are changed or renumbered from the columns, lines and sections applicable to the 2009 Annual Statement, or the September 30, 2010 Quarterly Statement, all such references shall be deemed references to
such column, line or section as so renumbered or changed. 
 (c) In the event of any future Material Acquisition or Material
Disposition, determinations of compliance with the financial covenants contained herein for any applicable calculation period shall be made on a Pro Forma Basis. 
 (d) If, at any time after the date of this Agreement, any material change is made to GAAP or the Company’s accounting practices that would affect in any material respect the determination of
compliance with the covenants set forth in this Agreement, the Company shall notify the Agent of the change and the Company and the Agent shall negotiate in good faith to amend such covenant, subject to the approval of the Required Lenders, to
restore the Company and the Lenders to the position they occupied before the implementation of such material change in GAAP or accounting practices; provided that if the Company and the Agent are unable to reach agreement within 30 days
following the implementation of such material change, the Agent shall be permitted, acting in good faith, to make such amendments, in each case subject to the approval of the Required Lenders, to the covenants set forth in this Agreement as it
reasonably determines are necessary to restore the Company and the Lenders to the position they occupied prior to the implementation thereof. 
 ARTICLE 2 
 THE CREDITS 

Section 2.01. Loan. 
 (a) Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single loan (a “Loan”) to the Company on the Effective Date in an amount not to exceed
such Lender’s Commitment at such time. The Borrowing shall consist of Loans made simultaneously by the Lenders ratably according to their Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be
reborrowed. 

  
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 (b) Each Loan shall be made as part of a Borrowing consisting of Loans of the same Interest
Type made by the Lenders ratably in accordance with their respective Commitments. 
 (c) Subject to Section 2.03,
Loans may be Base Rate Loans or Eurodollar Rate Loans; provided that any Eurodollar Rate Loans shall have an Interest Period of not greater than one month until the earlier of (i) 90 days from the Effective Date and (ii) completion
of syndication of the Facility (as determined by the Agent). 
 (d) Loans shall be convertible from one Interest Type to the
other; provided that (x) the Company may not select the Eurodollar Rate for any Borrowing if the aggregate amount of such Borrowing is less than $5,000,000 and (y) there shall not be more than 10 different Interest Periods in effect
in respect of all Loans then outstanding. 
 Section 2.02. [RESERVED]. 

Section 2.03. Borrowing, Conversion and Continuation of Loans. 

(a) Each Borrowing and each conversion of Loans from one Interest Type to the other, and each continuation of Eurodollar Rate Loans shall
be made upon the Company’s irrevocable written notice to the Agent in the form of a Loan Notice, appropriately completed and signed by a Responsible Officer of the Company. Each such notice must be received by the Agent not later than 12:00
Noon (New York City time) (i) on the requested date of a Borrowing of Base Rate Loans, and (ii) three Business Days prior to the requested date of a Borrowing or any conversion to or continuation of Eurodollar Rate Loans or of any
conversion of Eurodollar Rate Loans to Base Rate Loans; provided that, in the case of any Borrowing of Eurodollar Rate Loans on the Effective Date, such notice shall be accompanied by a customary funding indemnity letter in favor of the
Agent, and in form and substance reasonably satisfactory to the Agent. 
 (b) Each Loan Notice shall specify (i) whether
the Company is requesting a borrowing of Loans, a conversion of Loans from one Interest Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the borrowing, conversion or continuation, as the case may be
(which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Interest Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if applicable, the
duration of the Interest Period with respect thereto (each such Interest Period shall comply with the provisions of the definition of “Interest Period”). 
 (c) If the Company fails to specify an Interest Type of Loan in a Loan Notice or if the Company fails to give a timely notice requesting a conversion or continuation, then such Loans shall be continued as
of the last day of the applicable Interest Period as Eurodollar Rate Loans having a one month Interest Period. If the Company requests a borrowing of, conversion to, or continuation of, Eurodollar Rate Loans in any such Loan Notice, but fails to
specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 
 (d) Following receipt of a
Loan Notice, the Agent shall promptly notify each Lender of the amount of its Pro Rata Share of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Company, the Agent shall notify each Lender of the
details of any automatic extension of such Eurodollar Rate Loan for a one month Interest Period. In the case of a Borrowing, each Lender shall make the amount of its Loan available to the Agent in immediately available funds at the Agent’s
Office not later than 1:00 p.m. (New York City time) on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.01, the Agent shall make all funds so received
available to the Company in like funds as received by the Agent either by (i) crediting the account of the Company on the books of the Agent with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with
instructions provided to (and reasonably acceptable to) the Agent by the Company. 

  
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 (e) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurodollar Rate Loan. 
 (f) Notwithstanding any contrary
provision hereof, if (i) an Event of Default as set forth in Section 8.01(a), (f) or (g) has occurred and is continuing, unless the Required Lenders otherwise consent or (ii) any other Event of Default
has occurred and is continuing and the Required Lenders have requested, each Borrowing will be converted into a Base Rate Borrowing at the end of the Interest Period applicable thereto. 

(g) The Agent shall promptly notify the Company and the Lenders of the interest rate applicable to any Interest Period for Eurodollar
Rate Loans upon determination of such interest rate. The determination of the Eurodollar Rate by the Agent shall be conclusive in the absence of manifest error. At any time that Base Rate Loans are outstanding, the Agent shall notify the Company and
the Lenders of any change in the U.S. Prime Rate used in determining the Base Rate promptly following the public announcement of such change. 
 (h) The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of such
Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on the date of any Borrowing. 
 Section 2.04. Notes; Loan Accounts. 
 (a) Each Loan made by each
Lender shall be evidenced by one or more loan accounts or records maintained by such Lender and by the Agent in the ordinary course of business. The loan accounts or records maintained by the Agent and each Lender shall be presumptive evidence of
the amount of the Loans made by the Lenders to the Company and the interest and payments thereon. Any failure so to record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Company hereunder to pay any
amount owing with respect to the Loans. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Agent in respect of such matters, the accounts and records of the Agent shall control
in the absence of manifest error. 
 (b) Upon the request of any Lender made through the Agent, instead of or in addition to
loan accounts, the Loans made by each Lender may be evidenced by one or more notes in substantially the form of Exhibit B hereto (each such note, a “Note”). Each Lender shall endorse on the schedules annexed to its Note the
date, amount and maturity of each Loan deemed made by it and the amount of each payment of principal made by the Company with respect thereto. Each such Lender is irrevocably authorized by the Company to endorse its Note and each Lender’s
record shall be conclusive absent demonstrable error; provided that the failure of a Lender to make, or an error in making, a notation thereon with respect to any Loan shall not limit or otherwise affect the obligations of the Company
hereunder or under any such Note to such Lender. 
 Section 2.05. Termination of Commitments. 

Unless previously terminated, the Loan Commitments under the Facility will terminate on the Effective Date immediately after the funding
of Loans. 

  
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 Section 2.06. Payment at Maturity. 

The Company shall repay to the Agent on the Maturity Date, for the account of each Lender, the then unpaid principal amount of such
Lender’s Loans together with accrued and unpaid interest thereon to but excluding the date of such payment. 

Section 2.07. Repayment of Loans. 
 The Company shall repay to the Agent, for the ratable account of the Lenders, the aggregate principal amount of Loans set forth below, together with accrued and unpaid interest on the principal amount to
be paid to but excluding the date of such payment, on the following dates or if any such date is not a Business Day, on the immediately preceding Business Day (which installments shall be reduced as a result of the application of prepayments in
accordance with Section 2.08(c)): 
  

			
	 Date
	  	Amortization Payment
	March 31, 2011	  	$7,500,000
	June 30, 2011	  	$7,500,000
	September 30, 2011	  	$7,500,000
	December 31, 2011	  	$7,500,000
	March 31, 2012	  	$10,000,000
	June 30, 2012	  	$10,000,000
	September 30, 2012	  	$10,000,000
	December 31, 2012	  	$10,000,000
	March 31, 2013	  	$13,750,000
	June 30, 2013	  	$13,750,000
	September 30, 2013	  	$13,750,000
	December 31, 2013	  	$13,750,000
	March 31, 2014	  	$18,750,000
	June 30, 2014	  	$18,750,000
	September 30, 2014	  	$18,750,000
	December 31, 2014	  	$18,750,000
	March 31, 2015	  	$21,250,000
	June 30, 2015	  	$21,250,000
	September 30, 2015	  	$21,250,000
	December 31, 2015	  	$21,250,000
	March 31, 2016	  	$30,000,000
	June 30, 2016	  	$30,000,000
	 September 30, 2016

(Maturity Date)
	  	$30,000,000

 ; provided that to the extent not
previously paid, all Loans shall be due and payable on the Maturity Date. 
 Section 2.08. Optional and Mandatory
Prepayments. 
 (a) Optional Prepayments. The Company will have the right at any time to prepay any Borrowing in
whole or in part, in minimum amounts of $1,000,000 or any multiple of $1,000,000 in excess thereof, subject to the provisions of this Section. 

  
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 (b) Mandatory Prepayments. The Company shall be required to make mandatory
prepayments as set forth in subclauses (i) to (v) below; provided that subclauses (ii), (iii), and (iv) shall not apply if (x) the Debt to Total Capitalization Ratio is equal to or less than 20% and (y) either
(1) each of the Company’s Insurance Subsidiaries (other than Conseco Life Insurance Company, Conseco Life Insurance Company of Texas and Bankers Conseco Life Insurance Company) has a financial strength rating of not less than A- (stable)
from A.M. Best Company, in each case at the time such prepayment is required to be made (the “Financial Strength Rating Condition”) or (2) the Facility has a rating of not less than BBB- (stable) from S&P and Baa3 (stable)
from Moody’s, in each case at the time such prepayment is required to be made. 
 (i) Indebtedness.
Within one Business Day after any Net Proceeds are received by or on behalf of the Company or any Subsidiary in respect of the incurrence of any Indebtedness pursuant to Section 7.01(a)(i)(B), the Company shall prepay Loans in an
aggregate amount equal to such Net Proceeds. 
 (ii) Equity Issuances. Within five Business Days after any
Net Proceeds are received by or on behalf of the Company or any Subsidiary in respect of the issuance by the Company or such Subsidiary of any Capital Stock (other than Disqualified Capital Stock), or the receipt by the Company or such Subsidiary of
any capital contribution (other than (x) issuances of Capital Stock to the Company or any of its Subsidiaries or capital contributions by the Company or any of its Subsidiaries or (y) the issuance of Capital Stock to, or otherwise acquired
by, directors, officers or employees of the Company or any of its Subsidiaries pursuant to any stock option, restricted stock or similar compensation plan approved by the board of directors of the Company or (z) the issuance of Capital Stock as
consideration for, or the Net Proceeds of which are used to fund, an Acquisition permitted under this Agreement), the Company shall prepay Loans in an aggregate amount equal to 50% of such Net Proceeds. 

(iii) Asset Sales. Within five Business Days after any Net Proceeds are received by or on behalf of the Company or
any Subsidiary in respect of any Asset Sale, the Company shall prepay Loans in an aggregate amount equal to such Net Proceeds; provided that a prepayment of Loans shall be required pursuant to this paragraph only to the extent that the
aggregate Net Proceeds of all Asset Sales in any Fiscal Year exceeds $5,000,000; provided that so long as no Event of Default shall have occurred and be continuing, and except in the case of the Net Proceeds from any sale of an Insurance
Subsidiary that would constitute a Material Disposition, the Company may reinvest all or any portion of such Net Proceeds in assets useful in its business so long as, within 180 days after the receipt of such Net Proceeds, such reinvestment shall
have been consummated or the Company shall have entered into a definitive agreement for such reinvestment, and such reinvestment shall have been consummated no later than 270 days after the receipt of such Net Proceeds (in each case, as certified by
the Company in writing to the Agent); and provided further that any Net Proceeds not subject to such definitive agreement or so reinvested by such 180th or 270th day, as the case may be, shall be immediately applied to the prepayment of the
Loans as set forth in this Section 2.08(b)(iii). 
 (iv) Casualty Events. Within five Business
Days after any Net Proceeds are received by or on behalf of the Company or any Subsidiary (that is not an Insurance Subsidiary or a Subsidiary of an Insurance Subsidiary) in respect of any Casualty Event, the Company shall prepay Loans in an
aggregate amount equal to such Net Proceeds; provided that a prepayment of Loans shall be required pursuant to this paragraph only to the extent that the aggregate Net Proceeds of all Casualty Events in any Fiscal Year exceeds $10,000,000;
provided that, so long as no Event of Default shall have occurred and be continuing, the Company may apply all or any portion of such Net Proceeds to the repair or restoration of the property subject to such Casualty Event or the acquisition

  
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of replacement property so long as within 365 days after the receipt of such Net Proceeds, such repair, restoration or replacement shall have been consummated (as certified by the Company in
writing to the Agent); and provided, further that any Net Proceeds not so applied by such 365th day shall be immediately applied to the prepayment of the Loans as set forth in this Section 2.08(b)(iv). 

(v) Restricted Payments. Concurrently with or prior to any Restricted Payment pursuant to
Section 7.08(d) or Section 7.08(e) (including any payment made pursuant to Section 7.10(a)(iv) deemed to be such a Restricted Payment), the Company shall prepay Loans in an aggregate amount equal to 100% of such
Restricted Payment. 
 (c) Application of Prepayments. Each prepayment of any Loans pursuant to Sections
2.08(b)(i) to (iv) shall be applied, first, to the Loans for application to the scheduled principal repayments thereof due within twelve months after the occurrence of the event giving rise to such prepayment in direct order of
maturity and, second, to the Loans for application ratably to the remaining principal repayment installments thereof until paid in full. Each prepayment of Loans pursuant to Section 2.08(b)(v) shall be applied to the scheduled principal
repayments of the Loans in inverse order of maturity. Each prepayment pursuant to Section 2.08(a) shall be applied to the remaining scheduled principal repayments of Loans as directed by the Company and, if not specified by the Company,
to the remaining scheduled principal repayments of Loans in direct order of maturity. 
 (d) Notice of Prepayments. The
Company shall notify the Agent in writing of any prepayment of any Borrowing hereunder (i) in the case of a Eurodollar Rate Borrowing, not later than 12:00 Noon (New York City time) three Business Days before the date of prepayment and
(ii) in the case of a Base Rate Borrowing, not later than 12:00 Noon (New York City time) on the prepayment date. Each such notice shall be irrevocable (other than to the extent provided in connection with refinancing the Obligations) and shall
specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of Net Proceeds giving rise to such prepayment. Promptly
after it receives any such notice, the Agent shall advise the Lenders of the contents thereof. 
 Section 2.09.
Interest. 
 (a) Each Base Rate Loan shall bear interest on the outstanding principal amount thereof for each day at a
rate per annum equal to the Base Rate plus the Applicable Margin. 
 (b) Each Eurodollar Rate Loan shall bear interest on the
outstanding principal amount for each Interest Period applicable thereto at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Margin. 
 (c) Notwithstanding the foregoing, upon the occurrence of any Event of Default, for so long as such Event of Default shall be continuing, the principal of and interest on each Loan shall, without further
notice in the case of any Event of Default pursuant to Section 8.01(a), (f) or (g), and upon notice from the Agent (upon the instruction of the Required Lenders) in the case of any other Event of Default, bear
interest, after as well as before judgment to the extent permitted by law, at a rate per annum equal to 2% plus the rate otherwise applicable to such Loan as provided in the preceding subsections of this Section. In addition, if any fee or other
amount (other than principal or interest on any Loan) payable by the Company pursuant to any Loan Document is not paid when due, whether upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment to the
extent permitted by law, at a rate per annum equal to 2.0% plus the rate otherwise applicable to Base Rate Loans as provided in the preceding subsections of this Section. 

  
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 (d) Interest on each Loan shall be paid in arrears on each Interest Payment Date for such
Loan; provided that (i) interest accrued pursuant to Section 2.09(c) shall be payable on demand of the Agent (upon the instruction of the Required Lenders; provided no such instruction shall be required in the case of an
Event of Default pursuant to Section 8.01(a), (f), or (g)), (ii) upon any repayment or prepayment of any Loan, interest accrued on the principal amount repaid shall be payable on the date of such repayment and
(iii) upon any conversion of a Eurodollar Rate Loan before the end of the current Interest Period therefor, interest accrued on such Loan shall be payable on the effective date of such conversion. 

(e) Anything herein to the contrary notwithstanding, the obligations of the Company to any Lender hereunder shall be subject to the
limitation that payments of interest shall not be required for any period for which interest is computed hereunder to the extent (but only to the extent) that contracting for or receiving such payment by such Lender would be contrary to the
provisions of any law applicable to such Lender limiting the highest rate of interest that may be lawfully contracted for, charged or received by such Lender, and in such event the Company shall pay such Lender interest at the highest rate permitted
by applicable law. 
 Section 2.10. Fees. 
 The Company shall pay to the Agent, for its own account, fees payable in the amounts and at the times separately agreed upon by the Company and the Agent. Such fees shall be fully earned when paid and
shall not be refundable under any circumstances. 
 Section 2.11. Computation of Fees and Interest. 

(a) All computations of interest for Base Rate Loans when the Base Rate is determined by the “U. S. Prime Rate” shall be made
on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more interest being paid than
if computed on the basis of a 365-day year). Interest and fees shall accrue during each period during which interest or such fees are computed from the first day thereof to the last day thereof. 

(b) Each determination of an interest rate by the Agent shall be conclusive and binding on the Company and the Lenders in the absence of
demonstrable error. The Agent will, at the request of the Company or any Lender, deliver to the Company or the Lender, as the case may be, a statement showing the quotations used by the Agent in determining any interest rate and the resulting
interest rate. 
 Section 2.12. Payments Generally. 

(a) All payments to be made by the Company under the Loan Documents shall be made without condition or deduction for any defense,
set-off, recoupment or counterclaim. Except as otherwise expressly provided in any Loan Document, all payments to be made by the Company under any Loan Document shall be made to the Agent for the account of the Lenders at the Agent’s Office,
and shall be made in dollars and in immediately available funds, no later than 3:00 p.m. (New York City time) on the date specified in such Loan Document. The Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable
share as expressly provided herein) of such payment in like funds as received. Any payment received by the Agent later than 3:00 p.m. (New York City time) shall be deemed to have been received on the following Business Day and any applicable
interest or fee shall continue to accrue. 
 (b) Subject to the provisions set forth in the definition of “Interest
Period” herein, whenever any payment is due on a day other than a Business Day, such payment shall be made on the following Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as
the case may be. 

  
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 (c) Unless the Company or any Lender has notified the Agent, prior to the date any payment
is required to be made by it to the Agent hereunder, that the Company or such Lender, as the case may be, will not make such payment, the Agent may assume that the Company or such Lender, as the case may be, has timely made such payment and may (but
shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Agent in immediately available funds, then: 

(i) if the Company failed to make such payment, each Lender shall forthwith on demand repay to the Agent the portion of
such assumed payment that was made available to such Lender in immediately available funds, together with interest thereon in respect of each day from and including the date such amount was made available by the Agent to such Lender to the date such
amount is repaid to the Agent in immediately available funds at the Federal Funds Rate from time to time in effect; and 
 (ii) if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Agent the amount thereof in immediately available funds, together with interest thereon for the period from
the date such amount was made available by the Agent to the Company to the date such amount is recovered by the Agent (the “Compensation Period”) at a rate per annum equal to the Federal Funds Rate from time to time in effect. If
such Lender pays such amount to the Agent, then such amount shall constitute such Lender’s Loan included in the applicable Borrowing. If such Lender does not pay such amount forthwith upon the Agent’s demand therefor, the Agent may make a
demand therefor upon the Company, and the Company shall pay such amount to the Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein
shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights that the Agent or the Company may have against any Lender as a result of any default by such Lender hereunder. 

A notice of the Agent to any Lender or the Company with respect to any amount owing under this subsection (c) shall be
conclusive, absent manifest error. 
 (d) If any Lender makes available to the Agent funds for any Loan to be made by such
Lender as provided in the foregoing provisions of this Article 2, and such funds are not made available to the Company by the Agent because the conditions to the extension of Loans set forth in Article 4 are not satisfied or waived in
accordance with the terms hereof, the Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 
 (e) The obligations of the Lenders hereunder to make Loans are several and not joint. The failure of any Lender to make any Loan on any date required hereunder shall not relieve any other Lender of its
corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan. 
 (f) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will
obtain the funds for any Loan in any particular place or manner. 

  
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 Section 2.13. Sharing of Payments by Lenders. 

If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment (a) on account of any
Obligations due and payable hereunder and under the other Loan Documents at such time resulting in such Lender receiving payment in excess of its ratable share (calculated according to the proportion of (i) the amount of such Obligations due
and payable to such Lender at such time to (ii) the aggregate amount of the Obligations due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations due and payable to all
Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) of or on account of any of Obligations owing (but not due and payable) to such Lender hereunder and under the other Loan Documents
at such time in excess of its ratable share (calculated according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to (ii) the aggregate amount of Obligations owing (but
not due and payable) to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of Obligations owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by
all the Lenders at such time, then in each case, such Lender shall (x) notify the Agent of such fact, and (y) purchase (for cash at face value) participations in the Obligations of the other Lenders due and payable or owing, as the case
may be, or make such other adjustments as shall be equitable, so that the benefit of such excess payments shall be shared by all such Lenders, provided that: 

(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 
 (ii) the provisions of this Section shall not be construed to apply to (1) any payment made by the Company pursuant to and in accordance with the express terms of this Agreement or (2) any
payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Company or any Subsidiary thereof (as to which the provisions of this Section shall
apply). 
 Each Obligor consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that
any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Obligor rights of setoff and counterclaim (subject to Section 10.09) with respect to such participation as fully as if such Lender were
a direct creditor of such Obligor in the amount of such participation. 
 ARTICLE 3 

TAXES, YIELD PROTECTION AND ILLEGALITY 

Section 3.01. Taxes. 
 (a) Payments Free of Indemnified Taxes and Other Taxes. Any and all payments by or on account of any obligation of any Obligor hereunder or under any other Loan Document shall be made free and
clear of and without deduction or withholding for any Indemnified Taxes or Other Taxes, provided that if any applicable withholding agent shall be required by applicable law to deduct or withhold any Indemnified Taxes (including
any Other Taxes) from such payments, then (i) the sum payable by the applicable Obligor shall be increased as necessary so that after all required deductions or withholdings have been made (including deductions applicable to additional sums
payable under this Section) the Agent or Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) the applicable withholding agent shall make such deductions
or withholdings and (iii) the applicable withholding agent shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law. 

  
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 (b) Payment of Other Taxes by the Company. Without limiting the provisions of
subsection (a) above, the Company shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) Indemnification by the Company. Without duplication of Section 3.01(a), the Company shall indemnify the Agent and each Lender, within 10 Business Days after written demand therefor,
for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed on or attributable to amounts payable under this Section) imposed on or payable by the Agent or such Lender, as the case may be, and
reasonable expenses arising therefrom, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate setting forth the amount of such payment or liability
delivered to the Company by a Lender (with a copy to the Agent), or by the Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. If the Company reasonably believes that there is an appropriate basis to pursue a
refund of any Indemnified Tax or Other Tax indemnified by the Company under this Section 3.01(c), or for which any Obligor has paid additional amounts under Section 3.01(a), the affected Agent or Lender (as applicable) shall,
upon the Company’s written request and at the Company’s expense, pursue such refund; provided that no Agent or Lender shall be obligated to pursue any such refund if such Agent or Lender determines in good faith that it would be
materially disadvantaged or prejudiced, or subject to any unreimbursed cost or expense, by pursuing such refund. Any refund described in the preceding sentence that is received by the Agent or any Lender shall be payable to the Company to the extent
provided in Section 3.01(g). 
 (d) Evidence of Payments. As soon as practicable after any payment of
Indemnified Taxes or Other Taxes by any Obligor to a Governmental Authority, the Company shall deliver to the Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment or other evidence of such
payment reasonably satisfactory to the Agent. 
 (e) Status of Lenders. Each Lender shall deliver to the Company and to
the Agent, whenever reasonably requested by the Company or the Agent, such properly completed and executed documentation prescribed by applicable laws and such other reasonably requested information as will permit the Company or the Agent, as the
case may be, (A) to determine whether or not payments made hereunder or under any other Loan Document are subject to Taxes, (B) to determine, if applicable, the required rate of withholding or deduction and (C) to establish such
Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of any payments to be made to such Lender pursuant to any Loan Document or otherwise to establish such Lender’s status for withholding tax
purposes in an applicable jurisdiction. If any form, certification or other documentation provided by a Lender pursuant to this Section 3.01(e) (including any of the specific documentation described below) expires or becomes obsolete or
inaccurate in any respect, such Lender shall promptly notify the Company and the Agent in writing and shall promptly update or otherwise correct the affected documentation or promptly notify the Company and the Agent in writing that such Lender is
not legally eligible to do so. 
 Without limiting the generality of the foregoing, 

(A) any Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the Code shall deliver to the
Company and the Agent duly completed and executed originals of IRS Form W-9 or such other documentation or information prescribed by applicable laws or reasonably requested by the Company or the Agent (in such number of signed originals as shall be
requested by the recipient) on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to 

  
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time thereafter upon request of the Company or the Agent) as will enable the Company or the Agent, as the case may be, to determine whether or not such Lender is subject to U.S. federal backup
withholding or information reporting requirements; and 
 (B) each Foreign Lender that is entitled under the Code or any
applicable treaty to an exemption from or reduction of U.S. federal withholding tax with respect to any payments hereunder or under any other Loan Document shall deliver to the Company and the Agent (in such number of signed originals as shall be
requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Company or the Agent), duly completed and executed copies of whichever
of the following is applicable: 
 (i) IRS Form W-8BEN (or any successor thereto) claiming eligibility for
benefits of an income tax treaty to which the United States is a party, 
 (ii) IRS Form W-8ECI (or any successor
thereto) claiming that specified payments (as applicable) under this Agreement or any other Loan Documents (as applicable) constitute income that is effectively connected with such Foreign Lender’s conduct of a trade or business in the United
States, 
 (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest
under Sections 881(c) or 871(h) of the Code (the “Portfolio Interest Exemption”), (x) a certificate, substantially in the form of Exhibit G-1, G-2, G-3 or G-4, as applicable (a “Tax
Status Certificate”), to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Company, within the meaning of
Section 881(c)(3)(B) of the Code or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code, and that no interest to be received is effectively connected with a U.S. trade or business and
(y) IRS Form W-8BEN (or any successor thereto), 
 (iv) where such Lender is a partnership (for U.S. federal
income tax purposes) or otherwise not a beneficial owner (e.g., where such Lender has sold a participation), IRS Form W-8IMY (or any successor thereto) and all required supporting documentation (including, where one or more of the underlying
beneficial owner(s) is claiming the benefits of the Portfolio Interest Exemption, a Tax Status Certificate of such beneficial owner(s) (provided that, if the Foreign Lender is a partnership and not a participating Lender, the Tax Status
Certificate from the beneficial owner(s) may be provided by the Foreign Lender on behalf of the beneficial owner(s)), or 
 (v) any other form prescribed by applicable laws as a basis for claiming exemption from or a reduction in United States federal withholding tax together with such supplementary documentation as may be
prescribed by applicable Laws to permit the Company or the Agent to determine the withholding or deduction required to be made; and 
 (C) Each Lender shall deliver to the Company and the Agent (in such number of duly completed and executed originals as shall be requested by the recipient), at such time or times reasonably requested by
the Company or the Agent, such documentation prescribed by applicable law or reasonably requested by the Company or the Agent (1) to comply with the Company’s and/or Agent’s obligations under FATCA, (2) to determine that such
Lender has complied with such Lender’s obligations under FATCA and/or (3) to determine the amount to deduct and withhold from any payment under this Agreement or the other Loan Documents pursuant to FATCA. 

Notwithstanding anything to the contrary in this Section 3.01(e), no Lender shall be required to deliver any documentation
that it is not legally eligible to provide. 

  
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 (f) Indemnification by the Lenders. Each Lender shall severally indemnify each
Obligor for any Excluded Taxes attributable to such Lender that are imposed on or are payable by such Obligor (and any reasonable expenses arising therefrom) as a result of the failure of such Lender to deliver any documentation pursuant to
Section 3.01(e) that such Lender was required and legally eligible to provide, or as a result of such Lender providing any documentation that such Lender was not legally eligible to provide. Any indemnification payment due under this
Section 3.01(f) shall be payable to the Company within 10 Business Days after written demand therefor. 
 (g)
Treatment of Certain Refunds. If the Agent or any Lender determines, in its good faith discretion, that it has received a refund (whether received in cash or applied as an offset against other Taxes due) of any Indemnified Taxes or Other
Taxes as to which it has been indemnified by an Obligor or with respect to which an Obligor has paid additional amounts pursuant to this Section, it shall promptly pay to the Company an amount equal to such refund (but only to the extent of
indemnity payments made, or additional amounts paid, by an Obligor under this Section 3.01 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Agent or such Lender
(including any Taxes), as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Company, upon the request of the Agent or such Lender, agrees
to repay the amount paid over to the Company (plus any penalties, interest or other charges imposed by the relevant Governmental Authority (other than any penalties arising from the gross negligence or willful misconduct of the Agent or the Lender))
to the Agent or such Lender in the event the Agent or such Lender is required to repay such refund to such Governmental Authority. Such Lender or Agent, as the case may be, shall, at the Company’s reasonable request, provide the Company with a
copy of any notice of assessment or other evidence reasonably satisfactory to the Company of the requirement to repay such refund received from the relevant taxing authority. This subsection shall not be construed to require the Agent, or any Lender
to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Company or any other Person. 
 Section 3.02. Illegality. 
 (a) If any Lender determines that the
introduction of any Requirement of Law, or any change in any Requirement of Law, or in the interpretation or administration of any Requirement of Law, after the Effective Date, has made it unlawful, or that any central bank or other Governmental
Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make Eurodollar Rate Loans, then, on notice thereof by the Lender to the Company through the Agent, any obligation of that Lender to make Eurodollar Rate
Loans shall be suspended until the Lender notifies the Agent and the Company that the circumstances giving rise to such determination no longer exist. 
 (b) If a Lender determines that it is unlawful for such Lender to maintain any Eurodollar Rate Loan after the Effective Date, the Company shall, upon its receipt of written notice of such fact and demand
from such Lender (with a copy to the Agent), prepay in full such Eurodollar Rate Loans of that Lender then outstanding, together with interest accrued thereon and amounts required under Section 3.04, either on the last day of the
Interest Period thereof, if the Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if the Lender may not lawfully continue to maintain such Eurodollar Rate Loan. If the Company is required to so prepay
any Eurodollar Rate Loan, then concurrently with such prepayment, the Company shall borrow from the affected Lender, in the amount of such prepayment, a Base Rate Loan. 
 (c) If the obligation of any Lender to make or maintain Eurodollar Rate Loans has been so terminated or suspended, the Company may elect, by giving notice to the Lender through the Agent, that all Loans
which would otherwise be made or maintained by the Lender as Eurodollar Rate Loans shall instead be Base Rate Loans. 

  
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 (d) Before giving any notice to the Agent under this Section 3.02, the affected
Lender shall designate a different Lending Office with respect to its Eurodollar Rate Loans if such designation will avoid the need for giving such notice or making such demand and will not, in the judgment of the Lender, be illegal or otherwise
disadvantageous to the Lender. 
 Section 3.03. Increased Costs and Reduction of Return. 

(a) If any Lender determines that, due to either (i) the introduction of or any change in or in the interpretation of any law or
regulation or (ii) the compliance by that Lender with any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law) after the Effective Date, there shall be any increase in the cost to
such Lender of agreeing to make or making, funding or maintaining any Eurodollar Rate Loans, then the Company shall be liable for, and shall from time to time, promptly upon written demand (with a copy of such demand to be sent to the Agent), pay to
the Agent for the account of such Lender, additional amounts as are sufficient to compensate such Lender for such increased costs. Notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act
and all rules, regulations, orders, requests, guidelines or directives in connection therewith are deemed to have been adopted and to have taken effect after the date hereof. 
 (b) If any Lender shall have determined that (i) the introduction of any Capital Adequacy Regulation, (ii) any change in any Capital Adequacy Regulation, (iii) any change in the
interpretation or administration of any Capital Adequacy Regulation by any central bank or other Governmental Authority charged with the interpretation or administration thereof, or (iv) compliance by the Lender (or its Lending Office) or any
corporation controlling the Lender with any Capital Adequacy Regulation, in each case after the Effective Date, affects or would affect the amount of capital required or expected to be maintained by the Lender or any corporation controlling the
Lender and (taking into consideration such Lender’s or such corporation’s policies with respect to capital adequacy and such Lender’s desired return on capital) determines that the amount of such capital is increased as a consequence
of its Commitment, loans, credits or obligations under this Agreement, then, thirty (30) days after written demand by such Lender to the Company through the Agent, the Company shall pay to the Lender, from time to time as specified by the
Lender, additional amounts sufficient to compensate the Lender for such increase; provided that the Company shall not be required to compensate a Lender for any such increases in capital for any period more than 120 days prior to the date
such Lender delivers such demand. 
 (c) Section 3.01 and not this Section 3.03 shall be the only
Section of this Agreement that applies to increased costs with respect to Indemnified Taxes, Excluded Taxes and Other Taxes. 

Section 3.04. Funding Losses. 
 The Company shall reimburse each Lender and hold each Lender harmless from any loss (other than loss of profits or the Applicable Margin) or expense which the Lender may sustain or incur as a consequence
of: 
 (a) the failure of the Company to make on a timely basis any payment of principal of any Eurodollar Rate
Loan; 
 (b) the failure of the Company to continue a Loan after the Company has given (or is deemed to have
given) a Notice of Continuation; 

  
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 (c) the failure of the Company to make any prepayment of any Loan in
accordance with any notice delivered under Section 2.08; or 
 (d) the prepayment (including pursuant
to Section 2.08) or other payment (including after acceleration thereof) of a Eurodollar Rate Loan on a day that is not the last day of the relevant Interest Period; 
 including any such loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain its Eurodollar Rate Loans or from fees payable to terminate the deposits from which such
funds were obtained, but excluding any administrative fee or other amount chargeable by such Lender for the calculation of such loss. For purposes of calculating amounts payable by the Company to the Lenders under this Section 3.04 and
under Section 3.03(a), each Eurodollar Rate Loan made by a Lender (and each related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded at the Eurodollar Rate used in determining the
Eurodollar Rate for such Eurodollar Rate Loan (but without giving effect to the proviso to the definition of “Eurodollar Rate”) by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a
comparable period, whether or not such Eurodollar Rate Loan is in fact so funded. 
 Section 3.05. Inability to
Determine Rates. 
 If the Required Lenders determine that for any reason adequate and reasonable means do not exist for
determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or that the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and
fairly reflect the cost to such Lenders of funding such Loan, the Agent will promptly so notify the Company and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended until the Agent (upon
the instruction of the Required Lenders) revokes such notice in writing. Upon receipt of such notice, the Company may revoke any notice of continuation then submitted by it pursuant to Section 2.03. If the Company does not revoke such
notice of continuation, the Lenders shall make, convert or continue the Loans, as proposed by the Company, in the amount specified in the applicable notice submitted by the Company, but such Loans shall be made, converted or continued as Base Rate
Loans instead of Eurodollar Rate Loans. Notwithstanding the foregoing, the Agent and each Lender shall take any reasonable actions available to them (including designation of different Lending Offices), consistent with legal and regulatory
restrictions, that will avoid the need to take the steps described in this Section 3.05, which will not, in the reasonable judgment of the Agent or such Lender, be disadvantageous to the Agent, such Lender or the Company, as compared to
the steps described in this Section 3.05. 
 Section 3.06. Certificates of Lenders. 

Any Lender claiming reimbursement or compensation under this Article shall deliver to the Company (with a copy to the Agent) a
certificate setting forth in reasonable detail the amount payable to the Lender hereunder and such certificate shall be conclusive and binding on the Company in the absence of demonstrable error. Such certificate shall set forth in reasonable detail
(in the form of Exhibit E hereto for amounts claimed with respect to Eurodollar Rate Loans under Section 3.04 and in a form reasonably determined by the applicable Lender with respect to Base Rate Loans) the methodology used in
determining the amount payable to the Lender. 
 Section 3.07. Substitution of Lenders. 

If the Company receives notice from any Lender of a claim for compensation under Section 3.01, 3.02 or 3.03,
the Company may, upon notice to such Lender and the Agent, replace such Lender by causing 

  
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such Lender to assign its Loans (with the assignment fee to be paid by the Company in such instance) pursuant to Section 10.07(b) to one or more other Lenders or Eligible Assignees
procured by the Company; provided that (x) the Company shall be obligated to replace all Lenders that have made similar requests for compensation and (y) each such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it under the Loan Documents from the applicable assignee (to the extent of such outstanding principal and accrued interest and fees) or the
Company (in the case of all other amounts). The Company shall release such Lender from its obligations under the Loan Documents. Any Lender being replaced shall execute and deliver an Assignment and Assumption with respect to such Lender’s
outstanding Loans. 
 Section 3.08. Survival. 

The agreements and obligations of the Company in Section 3.01, Section 3.03, Section 3.04 and
Section 3.06 shall survive the termination of this Agreement and the payment of all other Obligations. 
 ARTICLE 4

 CONDITIONS PRECEDENT 
 Section 4.01. Conditions of Initial Borrowing. 
 The obligation of
each Lender to make any Loans hereunder on the Closing Date is subject to satisfaction of the following conditions precedent: 
 (a) The Agent shall have received each of the following, each of which shall be originals or facsimiles or Adobe PDFs delivered by electronic mail (followed promptly by originals) unless otherwise
specified, each properly executed by a Responsible Officer of the signing Obligor, each dated the Effective Date (or, in the case of certificates of governmental officials, a recent date before the Effective Date) and each in form and substance
reasonably satisfactory to the Agent and each of the Lenders: 
 (i) executed counterparts of this Agreement, the
Security Agreement and the Intercreditor Agreement sufficient in number for distribution to the Agent, each Lender and the Company; and 
 (ii) a Note executed by the Company in favor of each Lender that has requested a Note at least three Business Days prior to the Effective Date. 

(b) The Agent shall have received: 

(i) copies of the resolutions of the board of directors, authorized subcommittee thereof, or other equivalent body of each
Obligor authorizing the Transactions to which such Obligor is a party, certified as of the Effective Date by the Secretary or an Assistant Secretary of such Obligor (or in the case of a limited liability company, of its manager); and 

(ii) a certificate of the Secretary or Assistant Secretary of each Obligor (or in the case of a limited liability company,
of its manager) certifying the names and true signatures of the officers of such Obligor authorized to execute, deliver and perform, as applicable, this Agreement and all other Loan Documents to be delivered by such Obligor hereunder. 

  
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 (iii) the following personal property collateral requirements: 

(A) certificates representing the Pledged Equity referred to in the Security Agreement that constitutes certificated
securities (as defined in the Uniform Commercial Code) accompanied by undated stock powers executed in blank and instruments evidencing the Pledged Debt indorsed in blank to the extent required by the Security Agreement; 

(B) proper financing statements in form appropriate for filing, duly prepared for filing under the Uniform Commercial
Code of all jurisdictions that the Agent may deem necessary in order to perfect the Liens created under the Security Agreement, covering the Collateral described in the Security Agreement; 

(C) proper filings in form appropriate for filing with the United States Patent and Trademark Office and United States
Copyright Office together with evidence that all action that the Agent may deem necessary in order to perfect the Liens created under the Intellectual Property Security Agreement (as defined in the Security Agreement) has been taken or will be taken
promptly after the Closing Date; 
 (D) evidence of the completion of, or of arrangements reasonably
satisfactory to the Agent for the completion of, all other actions, recordings and filings of or with respect to the Security Agreement that the Agent may deem necessary in order to perfect the Liens created thereby; 

(E) evidence that all other action that the Agent may deem necessary in order to perfect the Liens created under the
Security Agreement has been taken or that arrangements reasonably satisfactory to the Agent for the completion thereof have been made; 
 (F) certified copies of Uniform Commercial Code, tax and judgment lien searches, or equivalent reports or searches, each of a recent date listing all effective financing statements, lien notices or
comparable documents that name any Obligor as debtor and that are filed in those state and county jurisdictions in which any Obligor is organized or maintains its principal place of business and such other searches that the Agent deems necessary;
and United States Patent and Trademark Office and United States Copyright Office searches in form and scope reasonably satisfactory to the Agent; and 
 (G) evidence reasonably acceptable to the Agent of payment or arrangements for payment by the Loan Parties of all applicable recording taxes, fees, charges, costs and expenses required for the recording
of the Security Documents. 
 (c) The Agent shall have received: 

(i) the articles or certificate of incorporation or equivalent document of each Obligor as in effect on the Effective
Date, certified by the Secretary of State of its state of incorporation or organization as of a recent date; 

  
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 (ii) the bylaws or equivalent document of each Obligor as in effect on the
Effective Date, certified by the Secretary or Assistant Secretary of such Obligor as of the Effective Date; 

(iii) a certificate of good standing or equivalent document for each Obligor from the Secretary of State (or similar,
applicable Governmental Authority) of its state of incorporation or organization as of a recent date; and 
 (iv)
a compliance certificate for each Insurance Subsidiary from the Department of Insurance of its jurisdiction of domicile as of a recent date. 
 (d) The Agent shall have received a written opinion, reasonably acceptable to the Agent in form and substance, (addressed to the Agent and the Lenders and dated the Effective Date) from each of
(i) Dewey & LeBoeuf LLP, counsel for the Obligors, substantially in the form of Exhibit H-1, (ii) Karl Kindig, counsel for the Obligors, substantially in the form of Exhibit H-2 and (iii) Baker &
Daniels LLP, Indiana counsel for the Obligors, substantially in the form of Exhibit H-3. 
 (e) The Agent
shall have been paid all accrued and unpaid fees, and reasonable costs and expenses to the extent then due and payable to the Agent on or before the Effective Date, including Attorney Costs of the Agent to the extent invoiced 2 Business Days prior
to the Effective Date. 
 (f) The Agent shall be satisfied (and may, but shall not be obligated to, rely on the
receipt of a certificate from any Company or any Affiliate thereof for all or part of such purpose) that the Senior Secured Notes shall have been issued in accordance with the Senior Secured Notes Indenture, and the Company shall have received net
proceeds thereof. 
 (g) (i) All Indebtedness and other obligations issued under or in connection with the
Existing Credit Agreement shall have been repaid in full, (ii) the Existing Credit Agreement and all documents executed in connection therewith shall have been terminated on terms satisfactory to the Agent and (iii) the Agent shall have
received an executed payoff letter with respect thereto in form and substance satisfactory to the Agent. 
 (h)
The Agent shall have received (i) a certificate signed by a Responsible Officer on behalf of the Company, dated as of the Effective Date, confirming the satisfaction of the conditions set forth in Section 4.01(a) and
Section 4.01(b) and confirming that the Company and its Subsidiaries have received all required approvals of the transactions contemplated hereby and by the other Loan Documents, including the Transactions, from each applicable
Governmental Authority and (ii) a solvency certificate executed by the Chief Financial Officer of the Company, substantially in the form of Exhibit I. 

(i) All governmental authorizations and third party approvals (or arrangements reasonably satisfactory to the Lenders in
lieu of such approvals) necessary in connection with the financing contemplated hereby and the continuing operations of the Company and its Subsidiaries shall have been obtained and be in full force and effect, in each case except for such
authorizations and approvals as would not be reasonably likely to have a Material Adverse Effect. 
 (j) The
Agent shall have received such other approvals, documents or materials as the Agent may reasonably request, all in form and substance reasonably satisfactory to the Agent. 

  
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 (k) The Company and each of the Subsidiary Guarantors shall have provided
the documentation and other information to the Agent that are required by regulatory authorities under applicable “know-your-customer” rules and regulations, including the Patriot Act, to the extent the Company shall have received written
requests therefor at least five business days prior to the Closing Date. 
 Section 4.02. Conditions to All
Borrowings. 
 The obligation of each Lender to make any Loans (including on the Closing Date) is subject to satisfaction of
the following conditions precedent: 
 (a) The representations and warranties of the Company contained in
Article 5 or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, (x) which are not qualified as to materiality shall be true and correct in all material
respects and (y) which are qualified as to materiality shall be true and correct, in each case, on and as of the date of such Loan Notice and after giving effect to such borrowing, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct in all material respects, or true and correct, as the case may be, as of such earlier date, and except that for purposes of this Section 4.02, the
representations and warranties contained in Sections 5.11(a) and (b) shall be deemed to refer to the most recent statements furnished prior to the Closing Date or pursuant to Sections 6.01(a) and (b), respectively.

 (b) No Default or Event of Default shall have occurred and be continuing on such date or immediately after
giving effect to the proposed Borrowing. 
 (c) No order, judgment or decree of any Governmental Authority shall
purport to restrain any Lender from making any Loans to be made by it. No injunction or other restraining order shall have been issued, shall be pending or noticed with respect to any action, suit or proceeding seeking to enjoin or otherwise prevent
the consummation of, or to recover any damages or obtain relief as a result of, the transactions contemplated by this Agreement or the making of Loans hereunder. 

(d) The Agent shall have received a Loan Notice in accordance with the requirements hereof. 

Each Loan Notice (other than a notice of conversion requesting only a conversion of Loans to the other Interest Type, or a continuation
of Eurodollar Rate Loans) submitted by the Company shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied (or waived) on and as of the date of the
applicable Borrowing. 
 Section 4.03. Determinations Under Section 4.01. 

For purposes of determining compliance with the conditions specified in Section 4.01, each of the Lenders shall be deemed to
have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by, or acceptable or satisfactory to, the Lenders unless an officer of the Agent responsible for the
Transactions shall have received notice from such Lender prior to the Effective Date specifying its objection thereto and, in the case of any Lender, such Lender shall not have made available to the Agent on the Effective Date such Lender’s Pro
Rata Share of the borrowing to be made on such date. 

  
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 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES 
 The
Company represents and warrants to the Agent and each Lender that: 
 Section 5.01. Corporate Existence and Power.

 The Company and each of its Subsidiaries: 

(a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or
organization; 
 (b) has the corporate (or other organizational) power and authority and all governmental
licenses, authorizations, consents and approvals to own its assets and carry on its business; 
 (c) is duly
qualified and is licensed and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification or license; and 

(d) is in compliance with all Requirements of Law; 
 except, in each case referred to in clauses (a) (other than with respect to the Company), (b), (c) and (d), to the extent that the failure to do so, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect. 
 Section 5.02. Corporate Authorization; No
Contravention. 
 The Transactions to be entered into by each Obligor are within its corporate or other organizational
powers. The Transactions (including the execution, delivery and performance by each Obligor of each Loan Document to which it is a party) have been duly authorized by all necessary corporate or other organizational action of each Obligor, and do not
and will not: 
 (a) contravene the terms of any of such Obligor’s Organization Documents; 

(b) conflict with or result in any breach or contravention of, or result in or require the creation of any Lien (other
than the Transaction Liens and the Liens securing the Senior Secured Notes) under, any document evidencing any material Contractual Obligation to which such Obligor is a party; or 

(c) violate any Requirement of Law or any order, injunction, writ or decree of any Governmental Authority to which such
Obligor or its property is subject, except to the extent that such violations, in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 Section 5.03. Governmental Authorization. 
 No approval, consent,
exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is necessary or required in connection with the Transactions (including the execution, delivery or performance by, or enforcement against, each
Obligor of each Loan Document to which it is a party), except (i) such as have been obtained and are in full force and effect and (ii) filings necessary to perfect the Transaction Liens. 

  
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 Section 5.04. Binding Effect. 

This Agreement has been duly executed and delivered by the Company and constitutes, and each other Loan Document to which any Obligor is
to be a party, when executed and delivered by such Obligor, will constitute, a legal, valid and binding obligation of the Company or such Obligor, as the case may be, in each case enforceable against the Company or such Obligor, as the case may be,
in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

 Section 5.05. Litigation. 
 Except as set forth on Schedule 5.05, there are no actions, suits, proceedings, claims or disputes pending, or to the knowledge of the Company, threatened or contemplated, at law, in equity, in
arbitration or before any Governmental Authority, against the Company or any of its Subsidiaries or any of their respective properties that: (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the
transactions (including the Transactions) contemplated hereby or thereby; or (b) individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. No injunction, writ, temporary restraining order or any order of
any nature has been issued by any court or other Governmental Authority purporting to enjoin or restrain the execution, delivery or performance of this Agreement or any other Loan Document or directing that the transactions (including the
Transactions) provided for herein or therein not be consummated as herein or therein provided. 
 Section 5.06. No
Default. 
 No Default or Event of Default has occurred and is continuing. Without limiting the foregoing, no Default would
result from the consummation of the Transactions. As of the Effective Date, neither the Company nor any Subsidiary is in default under or with respect to any Contractual Obligation in any respect that, individually or together with all such
defaults, could reasonably be expected to have a Material Adverse Effect. 
 Section 5.07. ERISA Compliance.

 (a) Each Plan is in compliance with the applicable provisions of ERISA, the Code and other federal or state law except to the
extent that such non-compliance could not reasonably be expected to have a Material Adverse Effect. Each Plan that is intended to qualify under Section 401(a) of the Code has either (i) received a favorable determination letter from the
IRS and to the knowledge of the Company, nothing has occurred which would reasonably be expected to cause the loss of such qualification or (ii) with respect to the Plans identified on Schedule 5.07, is in the process of requesting a
favorable determination letter from the IRS as to its qualified status, and the Company is not aware of any fact or issue that would reasonably be expected to cause the IRS to fail to issue a favorable determination letter, except where such
non-qualification could not reasonably be expected to have a Material Adverse Effect. The Company, its Subsidiaries and each ERISA Affiliate have made all required contributions to any Plan subject to Section 412 of the Code, and no application
for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan, except where such lack of contribution or application for funding waiver could not reasonably be
expected to have a Material Adverse Effect. 
 (b) Except as set forth on Schedule 5.07, there are no pending or, to the
knowledge of the Company, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. To the knowledge of the Company, there has been
no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. 

  
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 (c) Except for occurrences or circumstances that individually or in the aggregate could not
reasonably be expected to have a Material Adverse Effect, (i) except as set forth on Schedule 5.07, since December 31, 2009, no ERISA Event has occurred or is reasonably expected to occur; (ii) except as set forth on
Schedule 5.07, since December 31, 2009, no Pension Plan has any Unfunded Pension Liability; (iii) none of the Company, any of its Subsidiaries or any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under
Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) none of the Company, any of its Subsidiaries or any ERISA Affiliate has incurred, or reasonably expects to
incur, any liability (and no event has occurred that, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) none of the
Company, any of its Subsidiaries or any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA. 
 Section 5.08. Margin Regulations. 
 Neither the Company nor any
Subsidiary is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock. Margin Stock does not constitute more than 25% of the value of the consolidated
assets of the Company and its Subsidiaries. None of the proceeds of the Loans will be used to acquire Margin Stock. None of the transactions contemplated by this Agreement (including the direct or indirect use of the proceeds of the Loans) will
violate or result in a violation of the Securities Act of 1933, as amended, or the Exchange Act, or regulations issued pursuant thereto, or Regulation T, U or X of the FRB. 
 Section 5.09. Title to Properties. 
 The Company and each Subsidiary
have good legal title in fee simple or rights in and power to transfer, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title or interests as
could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. As of the Effective Date, the property of the Company and its Subsidiaries is subject to no Liens, other than Liens permitted under
Section 7.02. 
 Section 5.10. Taxes. 

(a) The Company and each of its Subsidiaries has timely filed all federal Tax, material Income Tax and other material Tax returns and
reports required to be filed, and has paid all federal Tax, Income Tax and other material Taxes levied or imposed upon it or its properties, income or assets that have become due and payable (including in its capacity as a withholding agent), except
those that are (i) not more than 90 days overdue or (ii) being contested in good faith by appropriate proceedings and for which adequate reserves have been provided in accordance with SAP or GAAP, as applicable (provided such contest
effectively suspends collection of the same and enforcement of any Lien securing the same). There is no current or proposed Tax audit, assessment, deficiency or other claim or proceeding against the Company or any Subsidiary that could reasonably be
expected, individually or in the aggregate, to have a Material Adverse Effect. 
 (b) Except as could not be reasonably expected
to, individually or in the aggregate, result in a Material Adverse Effect (i) the Company and each of its Subsidiaries has made adequate provision in accordance with SAP or GAAP (as applicable) for all Taxes not yet due and payable and
(ii) neither the Company nor any Subsidiary has ever participated in a “listed transaction” within the meaning of Treasury Regulation Section 1.6011-4. 

  
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 Section 5.11. Financial Condition. 

(a) Each of (i) the audited consolidated financial statements of the Company and its Subsidiaries dated December 31, 2009, and
the related consolidated statements of income, shareholders’ equity and cash flows for the Fiscal Year ended on that date, reported on by PricewaterhouseCoopers LLP, independent public accountants and (ii) the unaudited consolidated
financial statements of the Company and its Subsidiaries dated September 30, 2010, and the related consolidated statements of income, shareholders’ equity and cash flows for the period ended on that date: 

(i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise
expressly noted therein, subject, in the case of such unaudited financial statements, to ordinary, good faith year end and audit adjustments and the absence of footnote disclosure; 

(ii) fairly present in all material respects the financial condition, results of operations, cash flows and changes in
shareholders’ equity of the Company and its Subsidiaries as of the date thereof and results of operations for the period covered thereby; and 
 (iii) show all material indebtedness and other liabilities, direct or contingent, of the Company and its consolidated Subsidiaries as of the date thereof, including liabilities for Taxes, material
commitments and Contingent Obligations. 
 (b) Each of (i) the December 31, 2009 Annual Statement of each Insurance
Subsidiary and (ii) the September 30, 2010 Quarterly Statement of each Insurance Subsidiary (collectively, the “Historical Statutory Statements”): 

(i) were been prepared in accordance with SAP, except as may be reflected in the notes thereto and subject, with respect
to the Quarterly Statements, to the absence of notes required by SAP and to normal year-end adjustments); and 

(ii) were in all material respects, in compliance with applicable Requirements of Law when filed and present fairly in all
material respects the financial condition of the respective Insurance Subsidiaries covered thereby as of the respective dates thereof and changes in capital and surplus of the respective Insurance Subsidiaries covered thereby for the respective
periods then ended. 
 Except for liabilities and obligations disclosed or provided for in the Historical Statutory Statements
(including, without limitation, reserves, policy and contract claims and statutory liabilities), no Insurance Subsidiary had, as of the date of its respective Historical Statutory Statements, any material liabilities or obligations of any nature
whatsoever (whether absolute, contingent or otherwise and whether or not due) that, in accordance with SAP, would have been required to have been disclosed or provided for in such Historical Statutory Statement. 

(c) The financial projections provided to the Agent prior to the date hereof (i) have been prepared in good faith based on
reasonable assumptions and (ii) are based on the best information available to the Company after due inquiry (it being understood that financial projections are inherently unreliable and no assurances are given by the Company and its
Subsidiaries that the results forecast in any projection will be realized and that actual results may differ materially therefrom). 

  
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 (d) Since December 31, 2009, there has been no material adverse change in the business,
assets, operations or condition, financial or otherwise, of the Company and its Subsidiaries, taken as a whole. 

Section 5.12. Environmental Matters. 
 (a) All properties owned or leased by the Company or any of its Subsidiaries have been, and continue to be, owned or operated by the Company and its Subsidiaries in compliance with all Environmental Laws,
except where failure to so comply could not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. 
 (b) There have been no past, and there are no pending or, to the knowledge of the Company, threatened, Environmental Claims against the Company or any of its Subsidiaries, except where such Environmental
Claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (c) There has
been no Release of Hazardous Materials at, on, under or from any property now or, to the knowledge of the Company, previously owned or leased by the Company or any of its Subsidiaries that, individually or in the aggregate, have had, or could
reasonably be expected to have, a Material Adverse Effect. 
 (d) The Company and each of its Subsidiaries have been issued and
are in compliance with all permits, certificates, approvals, licenses and other authorizations required under any Environmental Law to own and operate their property or to conduct their businesses except where failure to obtain or comply with the
foregoing could not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. 
 (e) There
are no underground or above ground storage tanks, active or abandoned, including petroleum storage tanks, on or under any property now owned or leased by the Company or any of its Subsidiaries that, individually or in the aggregate, could reasonably
be expected to have a Material Adverse Effect. 
 (f) To the knowledge of the Company, neither the Company nor any of its
Subsidiaries has directly transported or directly arranged for the transportation of any Hazardous Material to any location that could reasonably be expected to result in liability of the Company or any of its Subsidiaries under any Environmental
Law, except any liability which could not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. 
 (g) There are no polychlorinated biphenyls or friable asbestos present at any property now owned or leased by the Company or any of its Subsidiaries that, individually or in the aggregate, could be
reasonably expected to have a Material Adverse Effect. 
 Section 5.13. Regulated Activities and Regulated Entities.

 Except as disclosed on Schedule 5.13, none of the Company, any Person controlling the Company, or any Subsidiary, is
an “Investment Company” within the meaning of, or required to register under, the Investment Company Act of 1940. None of the Company or any Subsidiary is subject to regulation under the Federal Power Act, the Interstate Commerce Act, any
state public utilities code or any other Federal or state statute or regulation limiting its ability to incur Indebtedness. 

  
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 Section 5.14. Subsidiaries. 

Schedule 5.14 sets forth the name of, and the ownership interest of the Company (or the applicable Subsidiary) in, each of its
Subsidiaries and identifies each Subsidiary that is a Subsidiary Guarantor, a Foreign Subsidiary, an Immaterial Subsidiary and/or an Insurance Subsidiary, in each case as of the Effective Date. All the Company’s Subsidiaries are, and will at
all times be, fully consolidated in its consolidated financial statements. As of the Effective Date (i) each Subsidiary is a Wholly-Owned Subsidiary and (ii) each Subsidiary (other than the Insurance Subsidiaries, Subsidiaries of Insurance
Subsidiaries, Foreign Subsidiaries and Immaterial Subsidiaries) is also a Subsidiary Guarantor. 
 Section 5.15.
Insurance Licenses. 
 No License of the Company or any Insurance Subsidiary, the loss of which individually or in the
aggregate could reasonably be expected to have a Material Adverse Effect, is the subject of a proceeding for suspension or revocation. To the Company’s knowledge, there is no sustainable basis for such suspension or revocation, and no such
suspension or revocation has been threatened by any Governmental Authority. 
 Section 5.16. Full Disclosure.

 The Company has disclosed to the Lenders all agreements, instruments and corporate or other restrictions to which it or any
Subsidiary is subject, and all other matters known to any of them, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the representations or warranties made by any Obligor in any Loan
Document to which it is a party as of the date such representations and warranties are made or deemed made, and no report, financial statement, certificate or other information furnished (other than financial projections) by or on behalf of any
Obligor to the Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document, taken as a whole, when furnished, contained any untrue
statement of a material fact or omitted any material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they are made, not misleading as of the time when made or delivered.

 Section 5.17. Solvency. 
 Immediately after the Transactions to occur on the Effective Date are consummated, (a) the fair value of the assets of each Obligor, at a fair valuation, will exceed its debts and liabilities,
subordinated, contingent or otherwise; (b) such Obligor does not intend to, and does not believe that it will, incur debts or liabilities beyond such Obligor’s ability to pay such debts and liabilities as they mature; (c) each Obligor
will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) no Obligor will have unreasonably small capital with which to conduct the business in which
it is engaged as such business is now conducted and proposed to be conducted after the Effective Date; provided that in the case of any Obligor that is a going concern, the value of the assets of such Obligor (for purposes of clauses
(a) and (b) above) shall be determined on a going-concern basis. 
 Section 5.18. Security Interests.

 On the Effective Date, the Security Documents will create valid security interests in the Collateral to the extent set forth
therein. At all times thereafter, the Security Documents will create valid and, when financing statements are filed in the offices specified in the Perfection Certificates delivered pursuant to the Security Agreement, perfected security interests in
the Collateral from time to time covered or 

  
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purportedly covered thereby to the extent that a security interest in such Collateral may be perfected by filing under the Uniform Commercial Code. Such security interests will be prior to all
other Liens (except Liens permitted under Section 7.02(c), Section 7.02(d), Section 7.02(e), Section 7.02(f), Section 7.02(g), Section 7.02(h), Section 7.02(i),
Section 7.02(k), Section 7.02(l), Section 7.02(o), Section 7.02(q) and Section 7.02(r)) on the Collateral until the applicable Security Interest are released in accordance with the Loan
Documents. 
 Section 5.19. Insurance. 
 The insurance maintained by or reserved on the books of the Company and its Subsidiaries is sufficient to protect the Company and its Subsidiaries and their respective directors and officers against such
risks as are usually insured against in accordance with industry practice by companies in the same or similar business. 

Section 5.20. OFAC; Anti-Terrorism Laws; PATRIOT Act. 

(a) No Obligor, none of its Subsidiaries and, to the knowledge of senior management of each Obligor, none of its controlled Affiliates
and none of the respective officers, directors, brokers or agents of such Obligor, such Subsidiary or controlled Affiliate (i) has violated or is in violation of any applicable Anti-Money Laundering Law or (ii) has engaged or engages in
any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of offenses designated in any applicable law, regulation or other binding measure implementing the “Forty
Recommendations” and “Nine Special Recommendations” published by the Organisation for Economic Co-operation and Development’s Financial Action Task Force on Money Laundering. 

(b) No Obligor, none of its Subsidiaries and, to the knowledge of senior management of each Obligor, none of its controlled Affiliates
and none of the respective officers, directors, brokers or agents of such Obligor, such Subsidiary or such controlled Affiliate that is acting or benefiting in any capacity in connection with the Loans (i) is an Embargoed Person or
(ii) except as otherwise authorized by OFAC, otherwise permitted for U.S. persons by a U.S. Governmental Authority or by any rule, regulation or order of a U.S. Governmental Authority, will use any proceeds of the Loans, or lend, contribute or
otherwise make available such proceeds to any Person for the purpose of financing the activities of or with any Person or in any country or territory that, at the time of funding or facilitation, is an Embargoed Person. 

(c) Except as otherwise authorized by OFAC, no Obligor, none of its Subsidiaries and, to the knowledge of senior management of each
Obligor, none of its controlled Affiliates and none of the respective officers, directors, brokers or agents of such Obligor, such Subsidiary or such controlled Affiliate acting or benefiting in any capacity in connection with the Loans
(i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Embargoed Person, (ii) deals in, or otherwise engages in any transaction related to, any property or
interests in property blocked pursuant to any applicable Economic Sanctions Laws or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the
applicable prohibitions set forth in any Economic Sanctions Laws. 
 Section 5.21. Surplus Debenture Interest and
Dividends. 
 The Company has not received any notice from NAIC, any other Governmental Authority or any other insurance
regulatory authority that its Insurance Subsidiaries will not be permitted to pay dividends or Surplus Debenture interest, and has no reason to believe that such notice is forthcoming. 

  
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 ARTICLE 6 
 AFFIRMATIVE COVENANTS 
 Until all principal of and
interest on each Loan and all fees and other amounts payable hereunder have been paid in full (other than unmatured, surviving contingent indemnification obligations not yet due and payable), the Company covenants and agrees with the Lenders that:

 Section 6.01. Financial Statements. 
 The Company shall deliver to the Agent and each Lender: 
 (a)
promptly upon filing thereof with the SEC (including as part of a Form 10-K) but not later than 90 days after the end of each Fiscal Year, copies of the audited consolidated and the unaudited consolidating balance sheet of the Company and its
Subsidiaries as at the end of such year and the related audited consolidated and unaudited consolidating statements of operations, shareholders’ equity and cash flows for such year, setting forth in the case of the audited consolidated
statements in comparative form the figures for the previous Fiscal Year, and accompanied by the opinion of PricewaterhouseCoopers LLP or another nationally-recognized independent public accounting firm (“Independent Auditor”), which
opinion shall state that such audited consolidated financial statements present fairly in all material respects the financial position and result of operations of the Company and its Subsidiaries for the periods indicated in conformity with GAAP
applied on a basis consistent with prior years, except as stated therein. Such opinion shall be without a “going concern” or like qualification and shall not be qualified as to scope; 

(b) promptly upon filing thereof with the SEC (including as part of a Form 10-Q) but not later than 50 days after the end
of each of the first three Fiscal Quarters of each Fiscal Year, copies of the condensed unaudited consolidated and consolidating balance sheet of the Company and its Subsidiaries as of the end of such quarter and the related condensed unaudited
consolidated and consolidating statements of operations, shareholders’ equity and cash flows for the period commencing on the first day and ending on the last day of such quarter and for the then elapsed portion of such Fiscal Year, setting
forth in the case of the consolidated statements in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year, and certified by a Responsible Officer as
fairly presenting in all material respects, in accordance with GAAP (subject to the absence of footnotes and year-end audit adjustments), the financial position, the results of operations and cash flows of the Company and the Subsidiaries;

 (c) as soon as available but not later than 75 days (or, in the case of the Annual Statement prepared on a
combined basis, 90 days) after the close of each Fiscal Year of each Insurance Subsidiary, copies of the unaudited Annual Statement of such Insurance Subsidiary on a stand-alone basis and on a combined basis for all Insurance Subsidiaries, the
stand-alone Annual Statement to be certified by a Responsible Officer of such Insurance Subsidiary, all such statements to be prepared in accordance with SAP consistently applied throughout the periods reflected therein and, if required by the
applicable Governmental Authority, audited and certified by independent certified public accountants of recognized national standing (such audited Annual Statement to be delivered as soon as available but not later than June 15 of each Fiscal
Year of such Insurance Subsidiary); 
 (d) as soon as available but not later than 60 days (or, in the case of
the Quarterly Statement prepared on a combined basis, 75 days) after the close of each of the first three Fiscal Quarters of each Fiscal Year of each Insurance Subsidiary, copies of the Quarterly Statement of

  
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such Insurance Subsidiary on a stand-alone basis and on a combined basis for all Insurance Subsidiaries, the stand-alone Quarterly Statement to be certified by a Responsible Officer of such
Insurance Subsidiary, all such statements to be prepared in accordance with SAP consistently applied through the period reflected therein; 
 (e) promptly following the delivery to or receipt by the Company or any of its Subsidiaries of any regular or periodic final Triennial Examination Reports, risk adjusted capital reports or results of any
market conduct examination or examination by any Department or the NAIC of the financial condition and operations of, or any notice of any assertion as to violation of any Requirement of Law by, any Insurance Subsidiary, or any report with respect
to any Insurance Subsidiary (including any summary report from the NAIC with respect to the performance of such Insurance Subsidiary as measured against the ratios and other financial measurements developed by the NAIC under its Insurance Regulatory
Information System as in effect from time to time) that could reasonably be expected to result in a Material Adverse Effect; and 
 (f) within 90 days after the close of each Fiscal Year of each Insurance Subsidiary, a copy of the “Statement of Actuarial Opinion” and “Management Discussion and Analysis” for each
such Insurance Subsidiary that is provided to the applicable Department (or equivalent information should such Department no longer require such a statement) as to the adequacy of reserves of such Insurance Subsidiary, such opinion to be in the
format prescribed by the insurance code of the state of domicile of such Insurance Subsidiary. 
 Section 6.02.
Certificates; Other Information. 
 The Company shall furnish to the Agent, for further distribution to each Lender:

 (a) concurrently with the delivery of the financial statements referred to in Section 6.01(a) and
Section 6.01(b), a Compliance Certificate executed by a Responsible Officer; 
 (b) concurrently with
the delivery of the financial statements referred to in Section 6.01(a), a certificate of the accounting firm that reported on such financial statements stating (i) whether during the course of their examination of such financial
statements they obtained knowledge of any Default relating to accounting matters (which certificate may be limited to the extent required by auditing rules or guidelines), (ii) if a Default relating to accounting matters has come to their
attention, specifying the nature and period of existence thereof and (iii) stating whether or not, based on their audit examination, anything has come to their attention that causes them to believe that the matters set forth in Schedule 3 to
the Compliance Certificate delivered pursuant to Section 6.02(a) for the applicable Fiscal Year to the extent such matters relate to accounting are not stated in accordance with the terms of this Agreement; 

(c) promptly upon receipt thereof, copies of all final reports submitted to the Company by independent public accountants
in connection with each annual, interim or special audit of the financial statements of the Company made by such accountants, including the comment letter submitted by such accountants to management in connection with their annual audit; 

(d) promptly, copies of all Forms 10-K and 10-Q that the Company or any Subsidiary may file with the SEC, all financial
statements and reports that the Company sends to its shareholders and copies of all other financial statements and regular, periodic or special reports (including Form 8-K) that the Company or any Subsidiary may make to, or file with, the SEC;

  
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 (e) concurrently with the delivery of the financial statements referred to
in Section 6.01(a), a detailed consolidated budget for the next Fiscal Year (including statements of projected operations and cash flows for such period and setting forth the assumptions used in preparing such budget) and, promptly when
available, any significant revisions of such budget; 
 (f) promptly and in any event within three Business Days
after learning thereof, notification of any changes after the date hereof in any rating given by S&P, Moody’s or A.M. Best in respect of the Company, any of its Subsidiaries or any of their Indebtedness or securities; 

(g) to the extent not otherwise provided under Section 6.01 or Section 6.02, promptly upon receipt
thereof, or delivery thereof by the Company or any Subsidiary, as applicable, a copy of any written communication addressed to the Company or any of its Subsidiaries setting forth or relating to the Company’s and its Subsidiaries’
operations that may reasonably be expected to be materially adverse to the interests of the Company, such Subsidiary or the Lenders delivered to or received from S&P, Moody’s or A.M. Best or any other rating agency; 

(h) as soon as available but not later than five Business Days after receipt, execution or delivery of any Reinsurance
Agreement (other than any Reinsurance Agreement entered into in the ordinary course of business for the purpose of managing insurance risk consistent with industry practice), including any proposal, binder, cover note or line slip (where the Person
to be reinsured or reinsured is an Insurance Subsidiary), (i) a written notice specifying each Person party to such agreement, (ii) for each such Person, its most recently published rating, if any, (iii) the subject matter of each
such agreement and (iv) if requested by the Agent or any Lender, attaching thereto, a true and complete copy of such agreement; 
 (i) promptly after receipt of any notice of termination, cancellation (which cancellation notice is not accompanied by a corresponding request for renewal), commutation or recapture of any Reinsurance
Agreement (other than any Reinsurance Agreement that was entered into in the ordinary course of business for the purpose of managing insurance risk consistent with industry practice) where the Person reinsured is an Insurance Subsidiary, a copy
thereof; and 
 (j) promptly, such additional information regarding the business, financial or corporate affairs
of the Company or any Subsidiary, or compliance with the terms of any Loan Document, as the Agent, for itself or at the request of any Lender, may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 6.01, Section 6.02 or Section 6.03 may be
delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Company posts such documents or provides a link thereto on the Company’s website on the Internet at the website address
listed on Schedule 10.02; or (ii) on which such documents are posted on the Company’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Agent have access (whether a commercial,
third-party website or whether sponsored by the Agent); provided that: the Company shall notify (which may be by facsimile or electronic mail) the Agent of the posting of any such documents and provide to the Agent by electronic mail
electronic versions (i.e., soft copies) of such documents. Except for Compliance Certificates, the Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no
responsibility to monitor compliance by the Company with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

  
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 The Company hereby acknowledges that (a) the Agent will make available information and
projections (collectively, “Company Materials”) to the Lenders by posting the Company Materials on IntraLinks or another similar secure electronic system (the “Platform”) and (b) certain of the Lenders may be
“public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Company, its Subsidiaries or their respective securities) (each, a “Public Lender”). The Company
hereby agrees that (w) it will use commercially reasonable efforts to identify that portion of the Company Materials that may be distributed to the Public Lenders and that all such Company Materials shall be clearly and conspicuously marked
“PUBLIC,” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Company Materials “PUBLIC,” the Company shall be deemed to have authorized the
Agent and the Lenders to treat such Company Materials as not containing any material non-public information with respect to the Company, its Subsidiaries or their respective securities for purposes of United States federal and state securities laws,
it being understood that such Company Materials are subject to Section 10.08; (y) all Company Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public
Lender”; and (z) the Agent shall be entitled to treat any Company Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Lender.” 

Section 6.03. Notices. 
 The Company shall promptly notify the Agent: 
 (a) of the
occurrence of any Default; 
 (b) of any matter that has resulted in, or could reasonably be expected to result
in, a Material Adverse Effect, including any of the following that could reasonably be expected to have a Material Adverse Effect: (i) any breach or non-performance of, or any default under, a Contractual Obligation of the Company or any
Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Company or any Subsidiary and any Governmental Authority; (iii) the commencement of, or any material development in, any litigation (including
any governmental proceeding or arbitration proceeding), tax audit or investigative proceeding, claim, lawsuit, and/or investigation against or involving the Company or any of its Subsidiaries or any of its or their businesses or operations,
including pursuant to any applicable Environmental Laws; (iv) the expiration without renewal, revocation, suspension or restriction of, or the institution of any proceedings to revoke, suspend or restrict, any License now or hereafter held by
any Insurance Subsidiary that is required to conduct insurance business in compliance with all applicable laws and regulations; (v) the institution of any disciplinary proceedings against or in respect of any Insurance Subsidiary, or the
issuance of any order, the taking of any action or any request for an extraordinary audit for cause by any Governmental Authority; or (vi) the issuance or adoption of any judicial or administrative order limiting or controlling the insurance
business of any Insurance Subsidiary (and not the insurance industry generally); 
 (c) of the filing or
commencement of, or the occurrence of any development in, any litigation or proceeding that seeks to enjoin, prohibit, discontinue or otherwise impacts (i) the validity or enforceability of this Agreement or any of the other Loan Documents or
(ii) the transactions contemplated hereby or thereby and, in the case of clause (ii), that could reasonably be expected to have a Material Adverse Effect; 
 (d) of the occurrence of any of the following events affecting the Company, any of its Subsidiaries or any ERISA Affiliate (but in no event more than 10 days after such event) and deliver to the Agent and
each Lender a copy of any notice with respect to such event that is filed with a Governmental Authority and any notice delivered by a Governmental Authority to the Company, any of its Subsidiaries or any ERISA Affiliate with respect to such event:

 (i) an ERISA Event; or 

  
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 (ii) a material increase in the Unfunded Pension Liabilities of any Pension
Plan; 
 (iii) the adoption of or the commencement of contributions to any Plan subject to Section 412 of
the Code by the Company, any of its Subsidiaries or any ERISA Affiliate; or 
 (iv) the adoption of any amendment
to a Plan subject to Section 412 of the Code, if such amendment results in a material increase in contributions or Unfunded Pension Liability; 
 provided that no such notice will be required under this Section 6.03(d) with respect to the occurrence of any such event if such occurrence does not result in, and is not reasonably
expected to result in, any liability to the Company, any of its Subsidiaries or any ERISA Affiliate of more than $25,000,000 in the aggregate; 
 (e) of any material change in accounting policies or financial reporting practices by the Company or any of its Subsidiaries; and 

(f) of any casualty or other insured damage to any material portion of the Collateral or the commencement of any action or
proceeding for the taking of any material portion of the Collateral under power of eminent domain or by condemnation or similar proceeding. 

Each notice under this Section shall be accompanied by a written statement by a Responsible Officer setting forth details of the occurrence referred to
therein, and stating what action the Company or any affected Subsidiary proposes to take with respect thereto and at what time. Each notice under Section 6.03(a) shall describe with particularity any and all clauses or provisions of this
Agreement or other Loan Document that have been (or reasonably foreseeably will be) breached or violated. 
 Section 6.04.
Preservation of Corporate Existence, Etc. 
 The Company shall, and shall cause each Subsidiary (other than any
Immaterial Subsidiary) to (except as permitted by Section 7.03 or Section 7.07): 
 (a)
preserve and maintain in full force and effect its existence and good standing under the laws of its state or jurisdiction of incorporation or organization, as applicable; and 

(b) preserve and maintain in full force and effect all governmental rights, privileges, qualifications, permits, licenses
and franchises necessary in the normal conduct of its business, except, in the case of this clause (b), where such failure to preserve and maintain could not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect. 
 Section 6.05. Insurance. 
 The Company shall, and shall cause each Subsidiary to, maintain with financially sound and reputable independent insurers insurance against losses or damage of the kinds customarily insured against by

  
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Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated Persons engaged in
the same or similar businesses as the Company and its Subsidiaries) as are customarily carried under similar circumstances by such other Persons. 
 Section 6.06. Payment of Obligations. 
 The Company shall, and shall
cause each Subsidiary to, pay and discharge as the same shall become due and payable, all of the following: all material Tax liabilities imposed upon it or its material properties or assets, unless the same (a) are not overdue for a period of
more than 90 days or (b) are being contested in good faith by appropriate proceedings and adequate reserves in accordance with SAP or GAAP (as applicable) are being maintained by the Company or such Subsidiary and such contest effectively
suspends collection of the same and the enforcement of any Lien securing the same. 
 Section 6.07. Compliance with
Laws. 
 The Company shall, and shall cause each Subsidiary to, comply with all Requirements of Law of any Governmental
Authority having jurisdiction over it or its business (including the Federal Fair Labor Standards Act, the Patriot Act and all applicable Environmental Laws), except (i) for such noncompliance that could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect or (ii) as may be contested in good faith and by appropriate proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP. 

Section 6.08. Compliance with ERISA. 
 The Company shall, and shall cause each of its Subsidiaries and ERISA Affiliates to: (a) maintain each Plan in compliance in all material respects with the applicable provisions of ERISA, the Code
and other federal or state law; (b) cause each Plan that is qualified under Section 401(a) of the Code to maintain such qualification, and (c) make all required contributions to any Plan subject to Section 412 of the Code, except
where such failure to maintain as set forth in (a) or (b) or to make contributions as set forth in (c) could not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. 

Section 6.09. Inspection of Property and Books and Records. 

The Company shall, and shall cause each Subsidiary to, maintain proper books of record and account, in which full, true and correct
entries in all material respects in conformity with GAAP or SAP, as applicable, consistently applied (except as stated therein) shall be made of all financial transactions and matters involving the assets and business of the Company and such
Subsidiary. Unless an Event of Default has occurred and is continuing, not more than once per fiscal year, the Company shall permit, and shall cause each Subsidiary to permit, representatives and independent contractors of the Agent or its
designees, at the Company’s expense, to visit and inspect any of their respective properties, to examine their respective corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss their
respective affairs, finances and accounts with their respective directors, officers, and independent public accountants, all at such reasonable times during normal business hours, upon reasonable advance notice to the Company; provided that
members of senior management will be notified and permitted to be present during any such meetings; and provided further that when an Event of Default exists the Agent or any Lender (through coordination with the Agent) may do any of the
foregoing at any time during normal business hours and without advance notice; provided that the Company shall not be required to reimburse the costs of any Lender for more than one visit per Fiscal Quarter. 

  
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 Section 6.10. Information Regarding Collateral. 

The Company will furnish to the Agent prompt written notice of any change in (i) any Obligor’s legal name or any Obligor’s
location (determined as provided in Section 9-307 of the Uniform Commercial Code), (ii) any Obligor’s identity or corporate structure or (iii) any Obligor’s Federal Taxpayer Identification Number or organizational
identification number. The Company will not effect or permit any change referred to in the preceding sentence unless all filings have been made under the Uniform Commercial Code (which filings may be made by the Company if the Agent has failed to
act after 30 days following notice of any such changes) and all other actions have been taken that are required so that such change will not at any time adversely affect the validity, perfection or priority of any Transaction Lien on any of the
Collateral. 
 Section 6.11. Use of Proceeds. 

The Loans shall be used, together with the proceeds from the issuance of the Senior Secured Notes, to refinance the Existing Credit
Agreement and to pay fees and expenses incurred in connection with this Agreement and the other Transactions. 

Section 6.12. Additional Subsidiaries; Immaterial Subsidiaries. 

(a) If any additional Subsidiary is formed or acquired after the Effective Date, the Company will, within five Business Days after such
Subsidiary is formed or acquired, notify the Agent thereof and cause the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary, whereupon such Subsidiary will become an “Obligor,” a “Subsidiary
Guarantor” and “Lien Grantor” for purposes of the Loan Documents; provided that no Foreign Subsidiary, Insurance Subsidiary, Subsidiary of an Insurance Subsidiary or, subject to Section 6.12(b), Immaterial Subsidiary shall
be required to be a Subsidiary Guarantor. Without limiting the preceding sentence, if any Domestic Immaterial Subsidiary that is not an Insurance Subsidiary or a Subsidiary of an Insurance Subsidiary loses its status as an Immaterial Subsidiary, the
Company shall promptly (and in any event within 10 Business Days following the date on which financial statements in respect of the Fiscal Quarter following which such Subsidiary has lost its status as an Immaterial Subsidiary are required to be
delivered hereunder) cause the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary, whereupon such Subsidiary will become an “Obligor,” a “Subsidiary Guarantor” and “Lien Grantor” for
purposes of the Loan Documents. 
 (b) If (i) the aggregate fair market value of the assets of all Immaterial Subsidiaries
exceeds $40,000,000 as of the end of the most recently ended Fiscal Quarter or (ii) the aggregate revenues of all Immaterial Subsidiaries for the period of four consecutive Fiscal Quarters most recently ended exceeds $30,000,000, the Company
shall promptly (and in any event within 10 Business Days following the date on which financial statements in respect of such Fiscal Quarter are required to be delivered hereunder) cause the Collateral and Guarantee Requirement to be satisfied with
respect to one or more of the Immaterial Subsidiaries to the extent necessary to ensure that immediately after giving effect thereto (x) the aggregate fair market value of the assets of all Immaterial Subsidiaries shall not exceed $40,000,000
and (y) the aggregate revenues of all Immaterial Subsidiaries for the period of four consecutive Fiscal Quarters most recently ended shall not exceed $30,000,000, whereupon each such Subsidiary will become an “Obligor,” a
“Subsidiary Guarantor” and “Lien Grantor” for purposes of the Loan Documents. 
 Section 6.13.
Further Assurances. 
 (a) The Company will, and will cause each other Obligor to, execute and deliver any and all
further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and

  
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other documents), that may be required under any applicable law to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the Company’s expense. The Company will
provide to the Agent, from time to time upon request, evidence reasonably satisfactory to the Agent as to the perfection and priority of the Transaction Liens created or intended to be created by the Security Documents. 

(b) The Company will maintain concentration accounts solely with depositaries that have entered into an Account Control Agreement with
the Agent and the Company on the terms, and subject to the exceptions, set forth in the Security Agreement. 
 (c) With respect
to any property (including any real property or improvements thereto or any interest therein) acquired after the Effective Date by any Obligor that is intended to be subject to the Lien created by any of the Security Documents but is not so subject
or ceases to be subject to Liens permitted pursuant to Section 7.02 after the Effective Date, promptly (and in any event within 30 days after the acquisition thereof or within 3 Business Days of such ceasing) (i) execute and
deliver to the Agent such amendments or supplements to the relevant Security Documents or such other documents as the Agent shall deem necessary or advisable to grant to the Agent, for the benefit of the Secured Parties, a Lien on such property
subject to no Liens other than Liens permitted by this Agreement, and (ii) take all actions necessary to cause such Lien to be duly perfected to the extent required by such Security Document in accordance with all applicable Requirements of
Law, including, but not limited to, the filing of financing statements in such jurisdictions as may be reasonably requested by the Agent, at the Company’s expense. The Company shall otherwise take such actions and execute and/or deliver to the
Agent such documents as the Agent shall require to confirm the validity, perfection and priority of the Lien of the Security Documents on such after-acquired properties, including actions described in Section 6.13(a), all at the
Company’s expense. 
 Section 6.14. Maintenance of Ratings. 

Use commercially reasonable efforts to maintain a rating of the Facility and a corporate family credit rating of the Company by each of
S&P and Moody’s. 
 Section 6.15. Post-Closing Matters. 

Execute and deliver the documents and complete the tasks set forth on Schedule 6.15, in each case within the time limits specified
on such schedule (unless the Agent, in its discretion, shall have agreed to any particular longer period). 
 ARTICLE 7

 NEGATIVE COVENANTS 
 Until all principal of and interest on each Loan and all fees and other amounts payable hereunder have been paid in full (other than unmatured, surviving contingent indemnification obligations not yet due
and payable), the Company covenants and agrees with the Lenders that: 
 Section 7.01. Limitation on Indebtedness;
Certain Capital Stock. 
 (a) The Company shall not, and shall not permit any of its Subsidiaries to, incur or at any time
be liable with respect to any Indebtedness, except: 
 (i) (A) Indebtedness under the Loan Documents and
(B) Refinancing Indebtedness thereof; provided that the mandatory prepayments, covenants, events of default and remedies 

  
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applicable to such Refinancing Indebtedness shall not be more favorable taken as a whole to the lenders thereof than those in the Loan Documents; 

(ii) any Surplus Debentures issued by any Insurance Subsidiary to the Company or any of its Subsidiaries that remain
outstanding on the Effective Date, and extensions, renewals or replacements thereof; 
 (iii) (A) the Senior
Secured Notes issued on the Closing Date and (B) Refinancing Indebtedness thereof; provided that the covenants, events of default and remedies applicable to such Refinancing Indebtedness shall not be more favorable taken as a whole to
the holders thereof than those in the Senior Secured Notes Documents; 
 (iv) Permitted Transactions entered into
by Insurance Subsidiaries; 
 (v) Permitted Swap Obligations; 

(vi) Indebtedness existing on the date hereof and listed in Schedule 7.01 and Refinancing Indebtedness thereof;

 (vii) non-recourse Indebtedness of Insurance Subsidiaries incurred in the ordinary course of business
(x) existing or arising under Swap Contracts entered into by Insurance Subsidiaries or (y) resulting from the sale or securitization of non-admitted assets, policy loans, CBOs and CMOs; 

(viii) (A) Capitalized Lease Liabilities and Purchase Money Debt, and Refinancing Indebtedness thereof (but disregarding
the requirements of clauses (b) through (h) of the definition thereof), in an aggregate principal amount not to exceed $50,000,000 at any time outstanding and (B) Capitalized Lease Liabilities arising from the sale and leaseback of
the Company’s headquarters pursuant to Section 7.03(m), and Refinancing Indebtedness thereof (but disregarding the requirements of clauses (b) through (h) of the definition thereof); 

(ix) Indebtedness (including Surplus Debentures) owed by the Company or any Subsidiary (other than any Excluded
Subsidiary) to the Company or any Subsidiary (other than any Excluded Subsidiary); 
 (x) Indebtedness
(x) owed by any Excluded Subsidiary to any other Excluded Subsidiary or (y) owed by any Excluded Subsidiary to the Company or any other Subsidiary; provided that the aggregate principal amount outstanding under this clause (y)
shall not exceed $30,000,000 at any time; 
 (xi) Indebtedness in respect of letters of credit issued in
connection with reinsurance transactions entered into in the ordinary course of business; 
 (xii) Indebtedness
in respect of surety and other similar bonds in the ordinary course of business; 
 (xiii) other Indebtedness in
an aggregate principal amount not to exceed $50,000,000 at any time outstanding; provided that the aggregate principal amount of Indebtedness of Subsidiaries that are not Obligors outstanding under this clause (xiii), when taken together
with the aggregate principal amount of Indebtedness of Subsidiaries that are not Obligors outstanding under clause (xiv) below, shall not exceed $25,000,000 at any time; 

  
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 (xiv) other unsecured Indebtedness in an aggregate principal amount of up to
$75,000,000; provided that the aggregate principal amount of Indebtedness of Subsidiaries that are not Obligors outstanding under this clause (xiv), when taken together with the aggregate principal amount of Indebtedness of Subsidiaries
that are not Obligors outstanding under clause (xiii) above, shall not exceed $25,000,000 at any time; 

(xv) Contingent Obligations of any Person in respect of Indebtedness otherwise permitted to be incurred by such Person
under this Section 7.01(a); 
 (xvi) Indebtedness consisting of the deferred purchase price of equity
interests (or option or warrants or similar instruments) of departing officers, directors and employees of any Obligor or any Subsidiary issued (whether in the form of notes or otherwise) for the purchase or redemption thereof pursuant to the terms
of an existing compensation plan or employment contract; 
 (xvii) Cash Management Obligations incurred in the
ordinary course of business; and 
 (xviii) Indebtedness of the Company owing to any Excluded Subsidiaries
pursuant to the Tax Sharing Agreement, provided that the aggregate amount of such Indebtedness at any time outstanding, if such Indebtedness were treated as an Investment in Excluded Subsidiaries, would not, when added to actual Investments
in Excluded Subsidiaries made pursuant to Section 7.09(h), result in a breach of Section 7.09(h). 
 (b)
The Company shall not permit any of its Subsidiaries to issue any Capital Stock other than to the Company or another Subsidiary. The Company shall not issue any Disqualified Capital Stock. 

(c) The Company shall not at any time permit any Person, other than an Insurance Subsidiary or CDOC, to own any CDOC Preferred Stock.

 Section 7.02. Liens. 
 The Company shall not, and shall not permit any of its Subsidiaries to, create, assume or suffer to exist any Lien on any property now owned or hereafter acquired by it, except for the following:

 (a) Transaction Liens; 

(b) Liens on assets of Insurance Subsidiaries incurred in connection with Permitted Transactions; 

(c) collateral consisting of cash or Cash Equivalents securing Permitted Swap Obligations in an aggregate amount not to
exceed, at any time, $60,000,000; provided that, for purposes of this clause (c), in the case of Cash Equivalents described in clauses (a), (b), (e) and (f) of the definition thereof, the one year (or twelve-month, as applicable)
maturity limitation set forth in such clauses shall be disregarded; 
 (d) Liens for Taxes that are not overdue
for more than 90 days or for Taxes being contested in good faith and by appropriate proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP; 

(e) Liens existing on the date hereof and listed in Schedule 7.02, including extensions, renewals and replacements
of such Liens; provided that (i) such Lien shall not apply to any additional property (other than after acquired title in or on such property and proceeds of the 

  
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existing collateral in accordance with the document creating such Lien) and (ii) the Indebtedness secured thereby is not increased except as otherwise permitted under
Section 7.01 (in which case the portion representing any additional increase must be permitted by another paragraph of this Section 7.02); 

(f) (i) Liens incurred in the ordinary course of business in connection with worker’s compensation, unemployment
insurance or other forms of governmental insurance or benefits or to secure performance of tenders, statutory obligations, leases and contracts (other than for borrowed money) entered into in the ordinary course of business or to secure obligations
on surety or appeal bonds and (ii) collateral consisting of cash or Cash Equivalents securing letters of credit issued in respect of obligations to insurers in an aggregate amount not to exceed $20,000,000 at any time outstanding; 

(g) (i) Liens of attorneys retained by the Company on a contingency fee basis and (ii) Liens of mechanics, carriers,
and materialmen and other like Liens imposed by law and arising in the ordinary course of business in respect of obligations that in the case of clause (ii) hereof are not overdue for more than 60 days or that are being contested in good faith
and by appropriate proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP; 
 (h) Liens arising in the ordinary course of business for sums being contested in good faith and by appropriate proceedings and with respect to which adequate reserves are being maintained in accordance
with GAAP, or for sums not due, and in either case not involving any deposits or advances for borrowed money or the deferred purchase price of property or services; 

(i) Liens securing Indebtedness permitted by Section 7.01(a)(viii); provided that such Liens are
limited to the assets financed by the relevant Capitalized Lease Liabilities or Purchase Money Debt; 
 (j)
easements, rights-of-way, zoning restrictions, restrictions and other similar encumbrances incurred in the ordinary course of business that do not secure any monetary obligation and which do not materially interfere with the ordinary course of
business of the Company and its Subsidiaries; 
 (k) Liens on property of the Company and its Subsidiaries in
favor of landlords securing licenses, subleases or leases of property not otherwise prohibited hereunder; 
 (l)
licenses, leases or subleases permitted hereunder granted to others not materially interfering in any material respect in the business of the Company and its Subsidiaries; 

(m) attachment or judgment Liens not constituting an Event of Default under Section 8.01(i); 

(n) Liens arising from precautionary Uniform Commercial Code financing statement filings with respect to operating leases
or consignment arrangements entered into by the Company and its Subsidiaries in the ordinary course of business; 

(o) Liens incurred to secure Cash Management Obligations permitted by Section 7.01(a)(xvii) in an aggregate
amount not to exceed $10,000,000 and customary set-off rights in favor of depositary banks; 

  
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 (p) other Liens securing obligations with respect to Indebtedness permitted
by Section 7.01(a)(xiii); provided that, to the extent that such Liens extend to, or encumber, property which constitutes Collateral, such Liens are subject to the Intercreditor Agreement; 

(q) any Lien on any asset of any Person existing at the time such Person becomes a Subsidiary of the Company, is merged or
consolidated with or into the Company or a Subsidiary of the Company and not created in contemplation of such event; 
 (r) Liens attaching solely to cash earnest money deposits required to be made under the terms of any letter of intent or purchase agreement for a permitted Acquisition; 

(s) Liens incurred in connection with the collection or disposition of delinquent accounts receivable in the ordinary
course of business; and 
 (t) Liens securing Indebtedness permitted by Section 7.01(a)(i)(B) or
Section 7.01(a)(iii) and subject to the Intercreditor Agreement. 
 Section 7.03. Disposition of Assets.

 The Company shall not, and shall not permit any of its Subsidiaries to Dispose of (whether in one or a series of
transactions) any property (including accounts and notes receivable with or without recourse and Capital Stock of any Subsidiary whether newly issued or otherwise) or enter into any agreement to do any of the foregoing (unless (x) such
agreement is conditioned upon receiving any waiver or consent necessary pursuant to the terms hereof and (y) the Company requests any such waiver or consent from Lenders not less than 10 Business Days prior to the date of the anticipated
consummation of the relevant transaction), except: 
 (a) (i) Dispositions of inventory and equipment in the
ordinary course of business and (ii) Dispositions of Cash Equivalents; 
 (b) the sale of equipment to the
extent that such equipment is exchanged for credit against the purchase price of similar replacement equipment or the proceeds of such sale are reasonably promptly applied to the purchase price of such replacement equipment; 

(c) Dispositions of Investments by any Insurance Subsidiary (other than any of its Investments in Subsidiaries engaged in
insurance lines of business) in the ordinary course of business consistent with past practices and the investment policy approved by the board of directors of such Insurance Subsidiary; 

(d) Dispositions (i) by the Company or any Subsidiary to the Company or any Subsidiary (other than any Excluded
Subsidiary), (ii) by any Excluded Subsidiary to any other Excluded Subsidiary in the ordinary course of business and (iii) to Excluded Subsidiaries in an aggregate amount not to exceed $30,000,000; 

(e) (i) any Dispositions pursuant to a Reinsurance Agreement so long as such Disposition is entered into in the
ordinary course of business for the purpose of managing insurance risk consistent with industry practice and (ii) any other Dispositions pursuant to a Reinsurance Agreement so long as the aggregate statutory profit and/or gains on insurance
policy sales or other portfolio transfers resulting from all Dispositions described in this clause (ii) consummated after the Effective Date do not exceed $400,000,000 in the aggregate during the term of this Agreement or $150,000,000 in any
Fiscal Year; provided that (x) the Net Proceeds therefrom are, 

  
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unless required to be retained by any Insurance Subsidiary pursuant to regulatory restrictions, applied to prepay the Loans as provided in Section 2.08 and (y) any Net Proceeds
therefrom that are required to be retained by any Insurance Subsidiary pursuant to regulatory restrictions are so retained by such Insurance Subsidiary; 
 (f) obsolete, surplus or worn out property disposed of by the Company or any of its Subsidiaries in the ordinary course of business and consistent with past practices of the Company and its Subsidiaries;

 (g) transfers resulting from any casualty or condemnation of property or assets; 

(h) licenses or sublicenses of intellectual property and general intangibles and licenses, leases or subleases of other
property in the ordinary course of business and consistent with the past practices of the Company and its Subsidiaries and which do not materially interfere with the business of the Company and its Subsidiaries; 

(i) Dispositions consisting of mergers, amalgamations and consolidations among the Company and its Subsidiaries, or of any
liquidation, winding up or dissolution of any Subsidiary, in each case to the extent permitted by Section 7.07(b); 
 (j) Dispositions of shares of Capital Stock in order to qualify members of the board of directors or equivalent governing body of an Obligor or such other nominal shares required to be held other than by
the Company or such Obligor, as required by applicable law; 
 (k) the sale, discount, forgiveness or other
compromise of notes or other accounts in the ordinary course of business or in connection with collection thereof; 
 (l) issuances of Capital Stock (i) by the Company, (ii) by a directly or indirectly Wholly-Owned Subsidiary of the Company to the Company or to one or more Wholly-Owned Subsidiaries of the
Company or (iii) by a non-Wholly-Owned Subsidiary of the Company to the respective equity holders of such non-Wholly-Owned Subsidiary, on a pro rata basis; 
 (m) the sale and leaseback of the Company’s headquarters located in Carmel, Indiana, on fair and reasonable terms (as certified to the Agent in writing by a Responsible Officer of the Company); and

 (n) Dispositions not otherwise permitted hereunder (other than pursuant to Reinsurance Agreements, which shall
be subject to the limitations in clause (e) above); provided that (w) such Dispositions shall be for fair market value (which determination must be supported by a fairness opinion in form and substance reasonably satisfactory to the
Agent from a nationally-recognized investment banking firm in connection with any Disposition or series of related Dispositions in any single Fiscal Year the aggregate consideration for which exceeds $125,000,000; provided that no fairness
opinion is required in respect of any Disposition or series of related Dispositions made at any time when (i) the Debt to Total Capitalization Ratio is equal to or less than 20% and (ii) the Financial Strength Rating Condition is
satisfied) and at least 75% of the consideration received in connection therewith at closing shall consist of cash, (x) on a Pro Forma Basis after giving effect to such Disposition, the Company and its Subsidiaries would be in compliance with
all of the covenants contained in the Loan Documents (including all financial and ratings covenants), (y) no such Disposition shall include the sale of any Capital Stock of any Subsidiary unless 100% of the Capital Stock of such Subsidiary
owned by the Obligors is sold and (z) the Net Proceeds thereof shall be applied to prepay the Loans in accordance with Section 2.08. 

  
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 Upon consummation of a sale, transfer or other Disposition permitted under this Section 7.03,
Liens created under the Security Documents in respect of the assets Disposed of shall be automatically released and the Agent shall (to the extent applicable) deliver to the Company, upon the Company’s request and at the Company’s expense,
such documentation as necessary to evidence the release of the Agent’s security interests, if any, in the assets being Disposed of, including amendments or terminations of Uniform Commercial Code financing statements, if any, the return of
stock certificates, if any, and the release of any Subsidiary being Disposed of in its entirety from all of its obligations, if any, under the Loan Documents; provided that the Company shall have provided to the Agent such certificates
evidencing compliance with the Loan Documents as the Agent shall reasonably request. 
 Section 7.04. [Reserved.]

 Section 7.05. Transactions with Affiliates. 

The Company shall not, and shall not suffer or permit any Subsidiary to, enter into any transaction with any Affiliate of the Company,
other than (a) transactions having no less favorable to the Company or such Subsidiary than would be obtained in a comparable arm’s-length transaction with a Person not an Affiliate of the Company or such Subsidiary, (b) insurance
transactions, intercompany pooling and other reinsurance transactions entered into in the ordinary course of business and consistent with past practice, (c) transactions in the ordinary course between or among the Company and its Subsidiaries
(other than Excluded Subsidiaries) and between or among Subsidiaries (other than Excluded Subsidiaries), (d) transactions among Excluded Subsidiaries in the ordinary course of business, (e) any Restricted Payment permitted by
Section 7.08 and (f) arrangements for indemnification payments for directors and officers of the Company and its Subsidiaries. 
 Section 7.06. Change in Business. 
 The Company shall not, and shall
not suffer or permit any Subsidiary to, engage in any business other than the businesses conducted by the Company and its Subsidiaries on the date of this Agreement or any business substantially related, incidental or complementary thereto as
reasonably determined by the board of directors of the Company. 
 Section 7.07. Fundamental Changes. 

Unless the Obligations (other than unmatured, surviving contingent indemnification obligations) shall be paid in full concurrently
therewith, the Company shall not, and shall not suffer or permit any of its Subsidiaries to, enter into any merger, consolidation, amalgamation, or sale of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole,
or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), except (a) in connection with a Disposition of a Subsidiary otherwise permitted by Section 7.03 and (b) if at the time thereof and immediately
after giving effect thereto no Event of Default shall have occurred and be continuing, (i) any Subsidiary Guarantor (other than CDOC) may merge, consolidate or amalgamate into the Company in a transaction in which the Company is the surviving
corporation, (ii) any Subsidiary Guarantor may merge, consolidate or amalgamate into any Subsidiary in a transaction in which the surviving entity is a Subsidiary Guarantor (and if CDOC is a party to such transaction, CDOC is the surviving
entity), (iii) any two Subsidiaries that are not Subsidiary Guarantors may merge, consolidate or amalgamate; provided that if either such Subsidiary is a direct Subsidiary of an Obligor, the surviving entity shall be a direct Subsidiary
of an Obligor, (iv) any Subsidiary that is not a Subsidiary Guarantor may liquidate, wind up or dissolve so long as the assets of such Subsidiaries are distributed to the Company or any of its Subsidiaries and (v) any Subsidiary Guarantor
(other than CDOC) may liquidate, wind up or dissolve so long as the assets of such Subsidiary Guarantor are distributed to the Company or another Subsidiary Guarantor. 

  
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 Section 7.08. Restricted Payments. 

The Company shall not, and shall not suffer or permit any Subsidiary to, declare or pay any dividend on (or make any payment to a related
trust for the purpose of paying a dividend), or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any Capital Stock of the Company
or such Subsidiary (or any related trust), whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the Company or such Subsidiary
(collectively, “Restricted Payments”), except that: 
 (a) (i) any Subsidiary may declare or pay
dividends with respect to its Capital Stock to the Company and to any Wholly-Owned Subsidiary (and in the case of a non-Wholly-Owned Subsidiary, to the Company and any Subsidiary and to each other owner of Capital Stock or other equity interests of
such Subsidiary on a pro rata basis based on their relative ownership interests) and (ii) CDOC may from time to time redeem the CDOC Preferred Stock; 
 (b) the Company may pay dividends solely in the form of shares of its Capital Stock (other than Disqualified Capital Stock); 

(c) the Company may purchase shares of Capital Stock held by employees of the Company pursuant to the Company’s
Amended and Restated Long-Term Incentive Plan, as in effect on the Effective Date and any extension, renewal or replacement thereof to allow employees to meet their tax obligations; 

(d) the Company may make any Restricted Payment so long as (i) no Default or Event of Default shall have occurred and
be continuing or would result therefrom and (ii) the Debt to Total Capitalization Ratio is equal to or less than 20% as of the date of the making of any such Restricted Payment (calculated on a Pro Forma Basis); 

(e) the Company may make Restricted Payments, so long as (i) no Default or Event of Default shall have occurred and
be continuing or would result therefrom and (ii) the aggregate amount of Restricted Payments pursuant to this Section 7.08(e) shall not exceed $75,000,000; 

(f) the Company may make cash payments in lieu of fractional shares in connection with the exercise of warrants, options
or other securities, convertible or exchangeable for Capital Stock; and 
 (g) the payment by the Company of any
dividend within 60 days after the date of declaration thereof, if on the date of declaration such payment would have complied with the provisions of this Section 7.08; 
 provided that payments made pursuant to Section 7.10(a)(iv) shall reduce, dollar-for-dollar, the amount of Restricted Payments available under Section 7.08(d) or (e),
as applicable. 
 Section 7.09. Investments and Acquisitions. 

The Company shall not, and shall not suffer or permit any Subsidiary to, directly or indirectly, make any Acquisition or hold or make any
other Investment in any other Person, except: 
 (a) Investments in existence on the Effective Date and
commitments to make Investments existing on the Effective Date and listed on Schedule 7.09; 

  
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 (b) Investments consisting of non-cash consideration received in connection
with a Disposition not prohibited by the Loan Documents; 
 (c) Investments received in connection with the
bankruptcy or reorganization of customers and suppliers in the ordinary course of business; 
 (d) Investments
consisting of Contingent Obligations permitted by Section 7.01 or Indebtedness permitted by Section 7.01; 
 (e) Investments in Cash Equivalents; 
 (f) Investments by any
Insurance Subsidiary (including by any Subsidiary of such Insurance Subsidiary that is not itself an Insurance Subsidiary) in the ordinary course of business in compliance with Section 7.16 and consistent with the investment policy
approved by the board of directors of such Insurance Subsidiary; 
 (g) (i) Investments by the Company or any
Subsidiary in the Company or any Subsidiary (other than any Excluded Subsidiary) in the ordinary course of business and (ii) Investments by any Excluded Subsidiary in any other Excluded Subsidiary in the ordinary course of business; 

(h) Investments in Excluded Subsidiaries in the ordinary course of business in an aggregate amount expended not to exceed
$30,000,000; 
 (i) security deposits or pledges held or made in the ordinary course of business; 

(j) loans and advances in the ordinary course of business to employees for moving, relocation or travel purposes, in each
case subject to compliance with the Requirements of Law; 
 (k) Permitted Swap Obligations; 

(l) (i) Acquisitions (other than Acquisitions that constitute Investments permitted by Section 7.09(f) above
or Section 7.09(m) below), for aggregate consideration in an amount not to exceed $200,000,000 in any Fiscal Year or $400,000,000 during the term of this Agreement; provided that at the time of such Acquisition no Default or Event
of Default shall be continuing or shall result therefrom (including any failure to be in compliance with the financial covenants calculated on a Pro Forma Basis); and (ii) in the event (x) the Debt to Total Capitalization Ratio is equal to
or less than 20% (calculated on a Pro Forma Basis), (y) the Financial Strength Rating Condition is satisfied and (z) to the extent the consideration for such Acquisitions is paid in Capital Stock of the Company (other than Disqualified
Capital Stock), up to $300,000,000 of such consideration in any Fiscal Year, and up to $600,000,000 of such consideration during the term of this Agreement, shall be disregarded from the limits referred to above; and 

(m) Investments not otherwise permitted hereby in an aggregate amount expended not to exceed $75,000,000. 

Section 7.10. Prepayment of Certain Indebtedness; Modifications of Certain Agreements; Synthetic Purchase Agreements.

 (a) The Company shall not, and shall not permit any of its Subsidiaries to, make or agree to pay or make, directly or
indirectly, any payment or other distribution (whether in cash, securities or other 

  
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property, and including optional prepayments and open market purchases) of or in respect of principal of or interest on any Existing Convertible Debentures or any Refinancing Indebtedness
thereof, or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, defeasance or termination of any Existing Convertible Debentures or
any Refinancing Indebtedness thereof, other than (i) payment of regularly scheduled interest payments as and when due in respect thereof, (ii) to the extent funded with Refinancing Indebtedness thereof, (iii) to the extent the
consideration thereof consists of Capital Stock (other than Disqualified Capital Stock) of the Company or (iv) to the extent the Company could make a Restricted Payment under Section 7.08(d) or (e) in an equal amount
(with any payments pursuant to this clause (iv) being deemed to be a Restricted Payment under Section 7.08(d) or (e), as the case may be). 
 (b) The Company shall not, and shall not permit any of its Subsidiaries to, amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to,
(i) the Senior Secured Notes Documents in any manner adverse in any material respect to the Secured Parties or (ii) the documents or instruments governing or evidencing any other Indebtedness or Capital Stock if such Indebtedness or
Capital Stock as such documents or instruments are so amended, modified, waived or otherwise changed would not have been permitted to be incurred or issued under this Agreement. 

(c) The Company shall not, and shall not permit any of its Subsidiaries to, amend or modify its respective Organization Documents, other
than any amendments or modifications which are not adverse in any material respect to the interests of the Lenders. 
 (d) The
Company shall not, and shall not permit any of its Subsidiaries to, enter into or be party to, or make any payment under, any Synthetic Purchase Agreement. 
 Section 7.11. Debt to Total Capitalization Ratio. 
 The Company shall
maintain at all times a Debt to Total Capitalization Ratio of not more than 30%. 
 Section 7.12. Interest Coverage
Ratio. 
 The Company shall not permit the Interest Coverage Ratio as of the end of any Fiscal Quarter for the four Fiscal
Quarters then ended (or, if less, the number of full Fiscal Quarters commencing after the Effective Date) to be less than 2.00 to 1.00 for such Fiscal Quarter. 
 Section 7.13. [Intentionally Omitted.] 
 Section 7.14.
Aggregate RBC Ratio. 
 The Company shall not permit the Aggregate RBC Ratio as of the end of any Fiscal Quarter to be
less than (a) on or prior to December 31, 2011, 225% and (b) thereafter, 250%. 
 Section 7.15. Combined
Statutory Capital and Surplus Level. 
 The Company shall not permit the Combined Statutory Capital and Surplus of the
Insurance Subsidiaries as of the end of any Fiscal Quarter to be less than $1,200,000,000. 

  
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 Section 7.16. Investment Portfolio Requirement. 

The Company shall not permit any Insurance Subsidiary to purchase, make or otherwise acquire: 

(a) any Investment that is not an Investment Grade Asset, unless, after giving effect thereto, the aggregate fair market
value of all Investments of the Insurance Subsidiaries that are not Investment Grade Assets (exclusive of the Investments referred to in paragraphs (b), (c), and (d) below and policy loans as specified on page 2, line 6 of the Company’s
Annual Statements) will not exceed 10% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries; 
 (b) any Investment that is non-NAIC rated, unless, after giving effect thereto, the aggregate fair market value of all Investments of the Insurance Subsidiaries that are non-NAIC rated (exclusive of the
Investments referred to in paragraphs (a), (c) and (d) hereof and policy loans as specified on page 2, line 6 of the Company’s Annual Statement) will not exceed 6% of the aggregate fair market value of all Investments held by the
Insurance Subsidiaries; 
 (c) any Investment in real property mortgage loans classified on Schedule B-Part 1 of
the Annual Statement, unless, after giving effect thereto, the aggregate fair market value of all Investments of the Insurance Subsidiaries in such loans (exclusive of Investments referred to in paragraphs (a), (b) and (d) hereof) will not
exceed 12% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries; and 
 (d)
any Investment involving Capital Stock, unless, after giving effect thereto, the aggregate fair market value of all Investments of the Insurance Subsidiaries in Capital Stock (exclusive of Investments referred to in paragraphs (a), (b) and
(c) hereof) will not exceed 1% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries; 
 provided
that (x) any Insurance Subsidiary shall be permitted to make any Investment that it is committed to make as of the Effective Date and listed on Schedule 7.09 (it being understood, however, that each such Investment shall be taken
into account for purposes of determining whether any additional Investments may be purchased, made or otherwise acquired hereunder) and (y) if one or more of the percentage thresholds referred in clauses (a), (b), (c) or (d) above is
exceeded solely as a result of the making of any Investment permitted to be made pursuant to the preceding clause (x) (after giving effect to any Investments made prior thereto), such event shall not constitute a Default for purposes hereof.

 Section 7.17. Restrictive Agreements. 
 The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any
condition on (a) the ability of the Company or any Subsidiary to create or permit to exist any Lien on any of its property to secure the Secured Obligations or (b) the ability of any Subsidiary to pay dividends or other distributions with
respect to any shares of its Capital Stock or to make, repay or prepay loans or advances to the Company or any other Subsidiary or to Dispose of assets to the Company or any other Subsidiary; provided that (i) the foregoing shall not
apply to restrictions and conditions imposed by applicable law (including pursuant to regulatory restrictions), (ii) the foregoing shall not apply to restrictions and conditions existing on the date hereof and identified on Schedule 7.17
(but shall apply to any amendment or modification expanding the scope of, or any extension or renewal of, any such restriction or condition), (iii) the foregoing shall not apply to customary restrictions and conditions contained in agreements
relating to the sale of a Subsidiary or assets or property of the Company or any Subsidiary pending such sale, provided that such restrictions and conditions apply only to the Subsidiary or assets or property that is to

  
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be sold and such sale is permitted hereunder, (iv) the foregoing shall not apply to restrictions that are not more restrictive than those contained in this Agreement contained in any
documents governing any Indebtedness permitted by this Agreement, (v) clause (a) of this Section shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness (including Capitalized Lease
Liabilities and Purchase Money Debt) permitted by this Agreement if such restrictions or conditions apply only to the collateral securing such Indebtedness and (vi) clause (a) of this Section shall not apply to customary provisions in
leases or licenses or other contracts and agreements restricting the assignment, subletting or sublicensing thereof. 

Section 7.18. Holding Company Activities. 
 The Company shall not, and shall not permit CDOC to, engage in any business or activity except owning all the outstanding shares of Capital Stock of their respective Subsidiaries and activities related or
incidental thereto. The Company shall not permit CDOC to own or acquire any assets (except assets owned by it on the Effective Date and shares of Capital Stock of its Subsidiaries and cash and Cash Equivalents owned by it from time to time) or incur
any liabilities (except liabilities under the Loan Documents and the Senior Secured Notes Documents, liabilities imposed by law, including tax liabilities, liabilities in existence on the Effective Date and other liabilities incidental to its
existence and permitted business and activities). 
 Section 7.19. Changes in Accounting Policies; Fiscal Year.

 The Company shall not, and shall not permit any of its Subsidiaries to, (a) make any change to its accounting policies
or reporting practices, except as required or permitted by GAAP or (b) change the last day of its fiscal year from December 31 of each year. 
 ARTICLE 8 
 EVENTS OF DEFAULT

 Section 8.01. Events of Default. 
 Each of the following shall constitute an “Event of Default”: 
 (a) Non-Payment. The Company fails to pay (i) when and as required to be paid herein, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise, any amount of
principal of any Loan, or (ii) within five days after the same becomes due, any interest, fee or any other amount payable hereunder or under any other Loan Document; or 

(b) Representation or Warranty. Any representation or warranty by the Company or any of its Subsidiaries made or
deemed made herein or in connection with any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, or contained in any certificate, document or financial or other statement by the Company, any
Subsidiary or any Responsible Officer, furnished at any time in connection with this Agreement or in connection with any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, is incorrect in any
material respect on or as of the date made or deemed made; or 
 (c) Specific Defaults. The Company fails
to perform or observe any term, covenant or agreement contained in any of (i) Section 6.03(a), Section 6.04(a) (with respect to the Company’s corporate existence) or Article 7 (other than
Section 7.16) or (ii) Section 7.16 and, in the case of clause (ii), such default shall continue unremedied for a period of 30-days (it being understood 

  
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that if the Company takes any action during such 30 day period which action, if it had been taken on or prior to the relevant date on which compliance with Section 7.16, as
applicable, was tested, would have resulted in the Company being in compliance with such Section on such test date, such default shall be deemed to have been remedied on the date on which such action was taken); or 

(d) Other Defaults. The Company or any of its Subsidiaries fails to perform or observe any other term or covenant
contained in this Agreement or any other Loan Document, and such default shall continue unremedied for a period of 30 days after the date upon which written notice thereof is given to the Company by the Agent or any Lender; or 

(e) Cross-Default. (i) The Company or any Subsidiary (A) fails to make any payment in respect of any
Indebtedness or Contingent Obligation (other than in respect of Swap Contracts), having an aggregate principal amount of more than $50,000,000 (in the aggregate for all such Indebtedness and Contingent Obligations), when due (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise); or (B) fails to perform or observe any other condition or covenant, or any other event shall occur or condition exist, under any agreement or instrument relating to any such
Indebtedness (and, solely in the case of a failure to comply with any financial statement or other information delivery or reporting requirement or in the case of the entry of any judgment or decree, so long as such judgment or decree constitutes a
Default but not an Event of Default under Section 8.01(i), such failure or event continues after the applicable grace or notice period, if any, specified in the relevant document on the date of such failure or event) if the effect of
such failure, event or condition is to cause, or to permit (or, with the giving of notice or lapse of time or both, would permit) the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Indebtedness (or a trustee or agent
on behalf of such holder or holders or beneficiary or beneficiaries) to cause, such Indebtedness to be declared to be due and payable prior to its stated maturity, or, in the case of any such Indebtedness consisting of Contingent Obligations, to
become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (x) any event of default under such Swap Contract
as to which the Company or any Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (y) any Termination Event (as so defined) as to which the Company or any Subsidiary is an Affected Party (as so defined), and, in either
event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than $50,000,000 (in the aggregate for all such Swap Contracts); or 

(f) Insolvency; Voluntary Proceedings. The Company or any Subsidiary (other than an Immaterial Subsidiary)
(i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily
ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; (iv) applies for or consents to the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee
in possession (or agent therefor), or other similar Person for itself or for a substantial part of its assets, or (v) takes any action to effectuate or authorize any of the foregoing; or 

(g) Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the
Company or any Subsidiary (other than an Immaterial Subsidiary), or any writ, judgment, warrant of attachment, execution or similar process, is issued or levied against a substantial part of the Company’s or any Subsidiary’s (other than an
Immaterial Subsidiary’s) properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or

  
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fully bonded within 60 days after commencement, filing or levy; (ii) the Company or any Subsidiary (other than an Immaterial Subsidiary) admits the material allegations of a petition against
it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding; (iii) the Company or any Subsidiary (other than an Immaterial Subsidiary) acquiesces in the appointment of a
receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business; or (iv) any Subsidiary (other than an Immaterial
Subsidiary) shall become subject to any conservation, rehabilitation or liquidation order, directive or mandate issued by any Governmental Authority; or 
 (h) Pension Plans and Welfare Plans. With respect to any Single Employer Pension Plan as to which the Company, any of its Subsidiaries or any other ERISA Affiliate may have any liability, there
shall exist an Unfunded Pension Liability of more than $25,000,000 in the aggregate as to the Company, any of its Subsidiaries or any ERISA Affiliate, and steps are undertaken to terminate such plan or such Pension Plan is terminated or the Company,
any of its Subsidiaries or any other ERISA Affiliate withdraws from or institutes steps to withdraw from such Pension Plan, or the Company has knowledge that steps have been taken to terminate any Multiemployer Plan and such termination may result
in liability to the Company, any of its Subsidiaries or any ERISA Affiliate in excess of $25,000,000 in the aggregate or any ERISA Event has occurred that could result in the incurrence of liability by the Company, any of its Subsidiaries or any
ERISA Affiliate in excess of $25,000,000 in the aggregate or steps are taken to terminate any Multiemployer Plan and such termination may result in any liability of the Company, any of its Subsidiaries or any ERISA Affiliate in excess of $30,000,000
in the aggregate; or 
 (i) Material Judgments. One or more judgments or decrees shall be entered against
the Company or any of its Subsidiaries involving in the aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has not denied coverage) of $50,000,000 or more, and all such judgments or decrees shall
not have been vacated, discharged, stayed or bonded pending appeal within 30 days from the entry thereof, or any action shall be taken by a judgment creditor to attach or levy upon any asset of the Company or any of its Subsidiaries to enforce any
such judgment or decree; or 
 (j) Material Regulatory Matters. At any time either (x) the Debt to
Total Capitalization Ratio is greater than 20% or (y) the Financial Strength Rating Condition is not satisfied, (i) any Insurance Subsidiary shall not make a scheduled payment of interest or principal on any surplus note or similar form of
indebtedness (due to actions of any Governmental Authority or otherwise), (ii) any Insurance Subsidiary’s ability to pay fees to its Affiliates under existing agreements (or extensions of existing agreements) shall be restricted (due to
actions of any Governmental Authority or otherwise) or (iii) in any Fiscal Year, an Insurance Subsidiary’s ability to pay dividends to its stockholders is restricted in any manner (due to actions of any Governmental Authority or
otherwise), other than by restrictions relating to dividends that apply generally to other insurance companies domiciled in the Insurance Subsidiary’s state of domicile under the insurance law of the state, and (1) in the cases of clauses
(i) through (iii) above, such event or condition, together with all other such events or conditions, could reasonably be expected to have a Material Adverse Effect and (2) in each case, such event or condition was not in effect as of
the date hereof; or 
 (k) Change of Control. There occurs any Change of Control; or 

  
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 (l) Invalidity of Loan Documents. Any provision of any Loan Document,
at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all Obligations, ceases to be in full force and effect; or any Obligor contests in writing the
validity or enforceability of any provision of any Loan Document; or any Obligor denies in writing that it has any or further liability or obligation under any material provision of any Loan Document, or purports to revoke, terminate or rescind any
material provision of any Loan Document; or 
 (m) Liens. Any Lien purported to be created under any
Security Document shall cease to be, or shall be asserted by the Company or any Subsidiary of the Company not to be, a valid and perfected Lien on any Collateral covered thereby, with the priority required by the applicable Security Document (except
as a result of a sale or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents or as a result of the Agent’s failure to maintain possession of any stock certificates, promissory notes or other
documents or possessory collateral delivered to it under the Security Agreement), except to the extent that such cessation would not, together with all other such cessations, be with respect to Collateral having a fair market value in excess of
$25,000,000. 
 Section 8.02. Remedies. 

If any Event of Default shall have occurred and be continuing, the Agent shall, at the request of, or may, with the consent of, the
Required Lenders, 
 (a) declare the obligation of each Lender to make extensions or conversions of the Loans to
be terminated; 
 (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, whereupon such Loans, all interest accrued and unpaid thereon and all other amounts owing or payable hereunder or
under any other Loan Document shall become immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Company; and 

(c) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan
Documents or applicable law; 
 provided that upon the occurrence of any event specified in Section 8.01(f) or
Section 8.01(g) (upon the expiration of the 60-day period mentioned therein, if applicable), the obligation of each Lender to make Loans shall automatically terminate and the unpaid principal amount of all outstanding Loans and all
interest and other amounts as aforesaid shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Company. 

Section 8.03. Rights Not Exclusive. 
 The rights provided for in this Agreement and the other Loan Documents are cumulative and are not exclusive of any other rights, powers, privileges or remedies provided by law or in equity, or under any
other instrument, document or agreement now existing or hereafter arising. 

  
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 ARTICLE 9 
 THE AGENT 
 Section 9.01. Appointment and
Authority. 
 Each of the Lenders hereby irrevocably appoints MSSF to act on its behalf as the Agent hereunder and under the
other Loan Documents and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.
The provisions of this Article are solely for the benefit of the Agent and the Lenders, and neither the Company nor any other Obligor shall have rights as a third party beneficiary of any of such provisions. 

Section 9.02. Rights as a Lender. 
 The Person serving as the Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Agent and the term
“Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Agent hereunder in its individual capacity. Such Person and its Affiliates may accept
deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Company or any Subsidiary or other Affiliate thereof as if such Person were not the Agent
hereunder and without any duty to account therefor to the Lenders. 
 Section 9.03. Exculpatory Provisions.

 The Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents.
Without limiting the generality of the foregoing, the Agent: 
 (a) shall not be subject to any fiduciary or
other implied duties, regardless of whether a Default has occurred and is continuing; 
 (b) shall not have any
duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Agent shall not be required to take any action that, in its opinion or the
opinion of its counsel, may expose the Agent to liability or that is contrary to any Loan Document or applicable law; and 
 (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Company
or any of its Affiliates that is communicated to or obtained by the Person serving as the Agent or any of its Affiliates in any capacity. 
 The Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary, or as the Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 8.02 and 10.01) or (ii) in the absence of its own gross negligence or willful misconduct. The Agent shall
be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Agent by the Company or a Lender. 

  
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 The Agent shall not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection
herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or
genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article 4 or elsewhere herein, other than to confirm receipt of items expressly
required to be delivered to the Agent. 
 Section 9.04. Reliance by Agent. 

The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. The Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Agent may presume that such condition is satisfactory to such Lender unless the Agent shall have received notice to the contrary from such
Lender prior to the making of such Loan. The Agent may consult with legal counsel (who may be counsel for the Company), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 
 Section 9.05. Delegation of Duties.

 The Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document
by or through any one or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of
this Article shall apply to any such sub-agent and to the Related Parties of the Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as
activities as Agent. 
 Section 9.06. Resignation of Agent. 

The Agent may at any time give notice of its resignation to the Lenders and the Company. Upon receipt of any such notice of resignation,
the Required Lenders shall have the right, in consultation with the Company, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such
successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may on behalf of the Lenders, appoint a
successor Agent meeting the qualifications set forth above; provided that if the Agent shall notify the Company and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective
in accordance with such notice and (1) the retiring Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Agent on behalf of the
Lenders under any of the Loan Documents, the retiring Agent shall continue to hold such collateral security until such time as a successor Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or
through the Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Agent, in consultation with the Company, as provided for above in this Section.

  
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Upon the acceptance of a successor’s appointment as Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring
(or retired) Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the
Company to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring Agent’s resignation hereunder and under the other Loan Documents, the
provisions of this Article and Sections 10.04 and 10.05 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by
any of them while the retiring Agent was acting as Agent. 
 Section 9.07. Non-Reliance on Agent and Other Lenders.

 Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender or any of their
Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the
Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this
Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

Section 9.08. No Other Duties, Etc. 
 Anything herein to the contrary notwithstanding, none of the joint lead arrangers, joint bookrunners, syndication agents or documentation agents listed on the cover page hereof shall have any powers,
duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Agent or a Lender hereunder. 
 Section 9.09. Agent May File Proofs of Claim. 
 In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Obligor, the Agent (irrespective of whether the principal of any Loan shall then be
due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Agent shall have made any demand on the Company) shall be entitled and empowered, by intervention in such proceeding or otherwise 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans
and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Agent and their respective agents and counsel and all other amounts due the Lenders and the Agent under Sections 2.10, 10.04 and 10.05) allowed in such judicial proceeding; and

 (b) to collect and receive any monies or other property payable or deliverable on any such claims and to
distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial
proceeding is hereby authorized by each Lender to make such payments to the Agent and, in the event that the Agent shall consent to the making of such payments directly to the Lenders, to pay to the Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Agent and its agents and counsel, and any other amounts due the Agent under Sections 2.10, 10.04 and 10.05. 

  
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 Nothing contained herein shall be deemed to authorize the Agent to authorize or consent to
or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Agent to vote in respect of the claim of any Lender in any such
proceeding. 
 Section 9.10. Collateral and Guaranty Matters. 

The Lenders irrevocably authorize the Agent, at its option and in its discretion, 

(a) to release any Lien on any property granted to or held by the Agent under any Loan Document (i) upon payment in
full of all Obligations (other than unmatured, surviving contingent indemnification obligations), (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of (other than to the Company or a Subsidiary Guarantor) as part of
or in connection with any sale permitted hereunder or under any other Loan Document or (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the Required Lenders; 

(b) to subordinate any Lien on any property granted to or held by the Agent under any Loan Document to the holder of any
Lien on such property that is permitted by Section 7.02(i); and 
 (c) to release any Subsidiary
Guarantor from its obligations under the Secured Guarantee if such Person (i) ceases to be a Subsidiary as a result of a transaction permitted hereunder or (ii) becomes an Excluded Subsidiary or an Insurance Subsidiary in accordance with
the terms of this Agreement and the other Loan Documents. 
 Upon request by the Agent at any time, the Required Lenders will
confirm in writing the Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Subsidiary Guarantor from its obligations under the Secured Guarantee pursuant to this
Section 9.10. 
 Section 9.11. Indemnification of Agent. 

Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person
(to the extent not reimbursed by or on behalf of the Company and without limiting the obligation of the Company to do so), ratably according to their respective portions of the total Loans held on the date on which indemnification is sought, and
hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it; provided that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities to
the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s own gross negligence or willful misconduct; and provided further that no action taken in
accordance with the directions of the Required Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall reimburse the Agent upon demand for its
ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations,
legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Loan Document or any document contemplated by or referred to herein, to the extent that the Agent is not reimbursed for
such expenses by or on behalf of the Company. The undertaking in this Section shall survive the payment of all other Obligations and the resignation of the Agent. 

  
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 Section 9.12. Withholding Tax. 

To the extent required by any applicable law, the Agent shall withhold from any payment to any Lender an amount equal to any applicable
withholding Tax. If the IRS or any Governmental Authority asserts a claim that the Agent did not properly withhold Tax from any amount paid to or for the account of any Lender for any reason (including because the appropriate form was not delivered
or was not properly executed, or because such Lender failed to notify the Agent of a change in circumstances that rendered the exemption from, or reduction of, withholding Tax ineffective), such Lender shall indemnify and hold harmless the Agent (to
the extent that the Agent has not already been reimbursed by the Company and without limiting or expanding the obligation of the Company to do so) for all amounts paid, directly or indirectly, by the Agent as tax or otherwise, including any
penalties, additions to Tax or interest thereon, together with all expenses incurred, including legal expenses and any out-of-pocket expenses, whether or not such Tax was correctly or legally imposed or asserted by the relevant Government Authority.
A certificate as to the amount of such payment or liability delivered to any Lender by the Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Agent to set off and apply any and all amounts at any time owing to such
Lender under this Agreement or any other Loan Document against any amount due to the Agent under this Article IX. The agreements in this Article IX shall survive the resignation and/or replacement of the Agent, any assignment of rights by, or the
replacement of, a Lender, the termination of the Loans and the repayment, satisfaction or discharge of all obligations under this Agreement. Unless required by applicable laws, at no time shall the Agent have any obligation to file for or otherwise
pursue on behalf of a Lender any refund of Taxes withheld or deducted from funds paid for the account of such Lender. 
 ARTICLE
10 
 MISCELLANEOUS 
 Section 10.01. Amendments and Waivers. 
 No amendment or waiver of any
provision of this Agreement or any other Loan Document, and no consent to any departure by the Company or any other Obligor therefrom, shall be effective unless in writing signed by the Required Lenders and the Company or the applicable Obligor, as
the case may be, and acknowledged by the Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that no such amendment, waiver or consent shall:

 (a) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to
Section 8.02) without the written consent of such Lender; 
 (b) postpone or delay the maturity of
the Loans, or any scheduled date of payment of the principal amount of the Loans under Section 2.07, or any date for the payment of any interest or fees due to the Lenders (or any of them) hereunder or under any other Loan Document, or
reduce the amount of, waive or excuse any such payment, without the written consent of each Lender affected thereby (other than as a result of waiving (i) an Event of Default in accordance with the terms hereof or (ii) default interest
hereunder to the extent a waiver of the underlying default giving rise to such default interest does not require a vote of all Lenders); 
 (c) change the percentage of the Commitments or of the aggregate unpaid principal amount, in each case, under the Facility, of the Loans that is required for the Lenders under the Facility or any of them
to take any action hereunder without the written consent of each Lender under the Facility; 

  
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 (d) amend the definition of “Interest Period” under the Facility
to permit Interest Periods under the Facility with a duration of longer than six months without the written consent of each Lender under the Facility; 
 (e) release all or any substantial part of the Collateral from the Transaction Liens (except as expressly permitted hereunder or in the Security Agreement) without the written consent of each Lender;

 (f) amend this Section 10.01 without the written consent of each Lender; or 

(g) following any enforcement of remedies under this Agreement, change Section 2.13 in a manner that would
alter the pro rata sharing of payments required thereby without the written consent of each Lender affected thereby; 
 and provided
further that (i) no such agreement shall, unless in writing and signed by the Agent in addition to the Required Lenders or all the Lenders, as the case may be, affect the rights or duties of the Agent under this Agreement or any other Loan
Document (except with respect to the removal of the Agent) and (ii) any fee agreement referred to in Section 2.10 may be amended, or rights or privileges thereunder waived, in a writing executed by the parties thereto.
Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except for any amendment, waiver or consent pursuant to Section 10.01(a),
(b) or (c). 
 Section 10.02. Notices. 

(a) Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing
(including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable address, facsimile number (provided that any matter transmitted by the Company by facsimile (1) shall be immediately
confirmed by a telephone call to the recipient at the number specified on Schedule 10.02, and (2) shall be followed promptly by delivery of a hard copy original thereof) or (subject to subsection (c) below) electronic mail
address, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Company or the Agent, to the address, facsimile number, electronic mail address or telephone number
specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and 

(ii) if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in
its administrative questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the Company and the Agent. 

All such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the
relevant party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail, four Business Days after deposit in the mails, postage prepaid; (C) if
delivered by facsimile, when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to the 

  
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provisions of subsection (c) below), when delivered; provided that notices and other communications to the Agent pursuant to Article 2 shall not be effective until
actually received by such Person. In no event shall a voicemail message be effective as a notice, communication or confirmation hereunder. 
 (b) Loan Documents may be transmitted and/or signed by facsimile or Adobe PDF delivered by electronic mail. The effectiveness of any such documents and signatures shall, subject to applicable law, have
the same force and effect as manually-signed originals and shall be binding on all Obligors, the Agent and the Lenders. The Agent may also require that any such documents and signatures be confirmed by a manually-signed original thereof; provided
that the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature. 

(c) Electronic mail and Internet and intranet websites may be used only to distribute routine communications, such as financial
statements and other information as provided in Section 6.02, and to distribute Loan Documents for execution by the parties thereto and may not be used for any other purpose. 

(d) The Agent and the Lenders shall be entitled to rely and act upon any notices purportedly given by or on behalf of the Company even if
(i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein or (ii) the terms thereof, as understood by the recipient, varied from any
confirmation thereof. The Company shall indemnify each Agent-Related Person and each Lender from all losses, costs, out-of-pocket expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of
the Company; provided that such indemnity shall not, as to any such Person, be available to the extent that such losses, costs, expenses or liabilities are determined by a court of competent jurisdiction by final and nonappealable judgment to
have resulted from the gross negligence or willful misconduct of such Person. All telephonic notices to and other communications with the Agent may be recorded by the Agent, and each of the parties hereto hereby consents to such recording.

 Section 10.03. No Waiver; Cumulative Remedies. 

No failure to exercise and no delay in exercising, on the part of the Agent or any Lender, any right, remedy, power or privilege
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

 Section 10.04. Costs and Expenses. 
 The Company agrees (a) to pay or reimburse the Agent for all reasonable costs and out-of-pocket expenses incurred in connection with the development, preparation, negotiation and execution of this
Agreement and the other Loan Documents and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated) and the consummation and
administration of the transactions contemplated hereby and thereby, including all Attorney Costs, and (b) to pay or reimburse the Agent and each Lender for all costs and expenses incurred in connection with the enforcement, attempted
enforcement or preservation of any rights or remedies under this Agreement (including, but not limited to this Section 10.04) or the other Loan Documents (including all such costs and expenses incurred during any “workout” or
restructuring in respect of the Obligations and during any legal proceeding, including in any Insolvency Proceeding or appellate proceeding), including all fees, expenses and disbursements of any law firm or other external legal counsel and, without
duplication, the allocated cost of internal legal services and all expenses and disbursements of internal counsel. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes
related thereto and other out-of-pocket 

  
 -78-

 
expenses incurred by the Agent and the cost of independent public accountants and other outside experts retained by the Agent or any Lender. All amounts due under this Section shall be payable
within ten Business Days after written demand therefor together with, if requested by the Company, backup documentation supporting such payment or reimbursement request. The agreements in this Section shall survive the repayment of the Loans and the
other Obligations. 
 Section 10.05. Company Indemnification; Damage Waiver. 

(a) Whether or not the transactions contemplated hereby are consummated, the Company shall indemnify and hold harmless each Agent-Related
Person, each Lender and their respective Affiliates, and the directors, officers, employees, counsel, agents and attorneys-in-fact of such Persons and Affiliates involved with the refinancing or the Transactions (collectively the
“Indemnified Persons”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, charges and reasonable costs, expenses and disbursements (including Attorney
Costs) of any kind or nature whatsoever (including those arising from or relating to any environmental matters) that may at any time be imposed on, incurred by or asserted against any such Indemnified Person by any third party or by the Company or
any other Obligor in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument delivered in connection
with the transactions contemplated thereby or the consummation of the transactions contemplated thereby, (b) any Commitment or Loan or the use or proposed use of the proceeds therefrom, (c) any Environmental Liability related to the
Company or any of its Subsidiaries or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of,
preparation for or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnified Person is a party thereto (all the foregoing, collectively, the “Indemnified
Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of the negligence of the Indemnified Person; provided that such indemnity shall not, as to any Indemnified Person, be available to the extent
that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted
from the gross negligence or willful misconduct of such Indemnified Person. No Indemnified Person shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar
information transmission systems in connection with this Agreement, nor shall any Indemnified Person have any liability for any indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities
in connection herewith or therewith (whether before or after the Effective Date). All amounts due under this Section shall be payable within thirty days after written demand therefor together with, if requested by the Company, backup documentation
supporting such indemnification request. The agreements in this Section shall survive the resignation of the Agent, the replacement of any Lender and the repayment, satisfaction or discharge of all the other Obligations. 

(b) To the extent permitted by applicable law, the Company shall not assert, and hereby waives, any claim against any Indemnified Person,
on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with or as a result of this Agreement or any agreement or instrument contemplated hereby, the
Transactions, any Loan or the use of the proceeds. No Indemnified Person shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or
other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 

  
 -79-

 Section 10.06. Payments Set Aside. 

To the extent that the Company makes a payment to the Agent or the Lenders, or the Agent or the Lenders exercise their right of set-off,
and such payment or the proceeds of such set-off or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Agent or such Lender in its
discretion) to be repaid to a trustee, receiver or any other party, in connection with any Insolvency Proceeding or otherwise, then (a) to the extent of such recovery the obligation or part thereof originally intended to be satisfied shall be
revived and continued in full force and effect as if such payment had not been made or such set-off had not occurred and (b) each Lender severally agrees to pay to the Agent upon demand its pro rata share of any amount so recovered from or
repaid by the Agent. 
 Section 10.07. Assignments, Successors, Participations, Etc. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that the Company may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Agent and each Lender and
no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of Section 10.07(b), or (ii) by way of participation in accordance with
the provisions of Section 10.07(d) (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants (as defined below) to the extent provided in Section 10.07(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the
Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments
by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided
that: 
 (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for this purpose
includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loan of the assigning Lender subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1,000,000, unless each of the Agent and, so long as no
Event of Default has occurred and is continuing, the Company otherwise consents (each such consent not to be unreasonably withheld or delayed); provided that the Company shall be deemed to have consented unless it shall object thereto by
written notice to the Agent within five (5) Business Days after having received notice thereof; 
 (ii) each
partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned under the Facility, except that this clause
(ii) shall prohibit any Lender from assigning all or a portion of its rights and obligations under the Facility on a non-pro rata basis; 

  
 -80-

 (iii) [Reserved]; 

(iv) the parties to each assignment shall execute and deliver to the Agent an Assignment and Assumption (such Assignment
and Assumption to be (A) electronically executed and delivered to the Agent via an electronic settlement system then acceptable to the Agent (or, if previously agreed with the Agent, manually), and (B) delivered together with a processing
and recordation fee of $3,500, unless waived or reduced by the Agent in its sole discretion; and 
 (v) the
Eligible Assignee, if it shall not be a Lender, shall deliver to the Agent an administrative questionnaire, in the form prescribed by the Agent. 
 Subject to acceptance and recording thereof by the Agent pursuant to Section 10.07(c), from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee
thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, (provided that, with respect to circumstances in
effect on the effective date of such Assignment and Assumption, an Eligible Assignee shall not be entitled to receive any greater payment under Section 3.01 than the applicable Lender would have been entitled to receive had the
assignment not taken place) and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption
covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.03, 3.04, 10.04
and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, the Company (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a
Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with
Section 10.07(d). 
 (c) Register. The Agent, acting solely for this purpose as an agent of the Company,
shall maintain at the Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal and interest amounts of the Loans
owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Company, the Agent and the Lenders shall treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Company and each Lender (with respect to its own interests
in the Facility only) at any reasonable time and from time to time upon reasonable prior notice. 
 (d) Participations.
Any Lender may at any time, without the consent of, or notice to, the Company or the Agent, sell participations to any Person (other than a natural person or the Company or any of the Company’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Company, the Agent and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 that directly affects such Participant. 

  
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Except to the extent limited by Section 10.07(e), the Company agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.03 and 3.04
(subject to the limitations and requirements of such Sections (including Section 3.01(e) and Section 3.01(f)) and Section 3.07, as if such Participant were a Lender) to the same extent as if it were a Lender and
had acquired its interest by assignment pursuant to Section 10.07(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.09 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.13 as though it were a Lender. 
 Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Company, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s
interest in the Loans or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall be conclusive and such Lender shall treat each Person whose name is recorded in the
Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 
 (e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.03 than the applicable Lender would have been
entitled to receive with respect to the participation sold to such Participant; provided that this Section 10.07(e) shall not apply (1) if the sale of the participation to such Participant is made with the Company’s prior
written consent or (2) to the extent the entitlement to a greater payment results solely from a change in any Requirement of Law occurring after such Participant became a Participant. 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under
this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 (g)
Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures 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 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. 

Section 10.08. Confidentiality. 
 Each Lender agrees to take and to cause its Affiliates to take normal and reasonable precautions and exercise due care to maintain the confidentiality of all information provided to it by the Company or
any Subsidiary, or by the Agent on the Company’s or such Subsidiary’s behalf, under this Agreement or any other Loan Document, and neither it nor any of its Affiliates shall use any such information (x) other than in connection with
or in enforcement of this Agreement and the other Loan Documents or in connection with other business now or hereafter existing or contemplated with the Company or any Subsidiary or (y) in any manner that would constitute a violation of
applicable laws, except, in either case, to the extent such information (i) was or becomes generally available to the public other than as a result of disclosure by the Lender, or (ii) was or becomes available on a non-confidential basis
from a source other than the Company, provided that such source is not bound by a confidentiality agreement with the Company known to the Lender; provided further that any Lender may disclose such information (a) at the request or
pursuant to any requirement of any Governmental Authority to which the Lender is subject or in connection with an examination of such Lender by any such authority; (b) pursuant to subpoena or other court

  
 -82-

 
process; (c) when required to do so in accordance with the provisions of any applicable Requirement of Law; (d) to the extent reasonably required in connection with any litigation or
proceeding to which the Agent or any Lender or their respective Affiliates may be party; (e) to the extent reasonably required in connection with the exercise of any remedy hereunder or under any other Loan Document; (f) to such
Lender’s independent auditors and other professional advisors; (g) to any Participant or Eligible Assignee, actual or potential, provided that such Person agrees in writing to keep such information confidential to the same extent
required of the Lenders hereunder; (h) as to any Lender or its Affiliate, as expressly permitted under the terms of any other document or agreement regarding confidentiality to which the Company or any Subsidiary is party with such Lender or
such Affiliate; (i) to its Affiliates, provided that such Affiliates are not insurance companies; (j) to any other party to this Agreement; and (k) to any pledgee referred to in Section 10.07(f) or any direct
contractual counterparty or prospective counterparty (or such counterparty’s or prospective counterparty’s professional advisor) to any credit derivative transaction relating to obligations of the Company or any of its Subsidiaries (so
long as all parties, including all counterparties and advisors agree to be bound by the provisions of this Section 10.08). In the case of confidential information received from the Company or any Subsidiary after the date hereof, such
information shall be clearly identified at the time of delivery as confidential. 
 Section 10.09. Set-off.

 In addition to any rights and remedies of the Lenders provided by law, if an Event of Default shall have occurred and be
continuing, each Lender and each of its Affiliates is authorized at any time and from time to time, without prior notice to the Company, any such notice being waived by the Company, to the fullest extent permitted by law, to set off and apply any
and all deposits (general or special, time or demand, provisional or final) at any time held by, and other indebtedness at any time owing by, such Lender or Affiliate to or for the credit or the account of the Company against any and all Obligations
owing to such Lender, now or hereafter existing, irrespective of whether or not the Agent or such Lender shall have made demand under this Agreement or any Loan Document and although such Obligations may be contingent or unmatured; provided
that neither any Lender nor any of its Affiliates shall be entitled to exercise any such set off with respect to any trust, tax reserve or payroll account. Each Lender agrees to promptly notify the Company and the Agent after any such set-off
and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such set-off and application. 
 Section 10.10. Notification of Addresses, Lending Offices, Etc. 
 Each
Lender shall notify the Agent in writing of any changes in the address to which notices to the Lender should be directed, of addresses of any Lending Office, of payment instructions in respect of all payments to be made to it hereunder and of such
other administrative information as the Agent shall reasonably request. 
 Section 10.11. Counterparts. 

This Agreement may be executed in any number of separate counterparts, each of which, when so executed, shall be deemed an original, and
all of said counterparts taken together shall be deemed to constitute but one and the same instrument. 
 Section 10.12.
Survival of Representations and Warranties. 
 All representations and warranties made hereunder and in any other Loan
Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied

  
 -83-

 
upon by the Agent and each Lender, regardless of any investigation made by the Agent or any Lender or on their behalf, and shall continue in full force and effect as long as any Loan or any other
Obligation hereunder shall remain unpaid or unsatisfied. 
 Section 10.13. Severability. 

If any provision of any Loan Document is invalid, illegal or unenforceable in any jurisdiction then, to the fullest extent permitted by
law, (i) such provision shall, as to such jurisdiction, be ineffective to the extent (but only to the extent) of such invalidity, illegality or unenforceability, (ii) the other provisions of the Loan Documents shall remain in full force
and effect in such jurisdiction and shall be liberally construed in favor of the Lenders in order to carry out the intentions of the parties thereto as nearly as may be possible and (iii) the invalidity, illegality or unenforceability of any
such provision in any jurisdiction shall not affect the validity, legality or enforceability of such provision in any other jurisdiction. 
 Section 10.14. Replacement of Defaulting Lenders and Non-Consenting Lenders. 
 If any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Company may, at its sole expense and effort, upon notice to such Lender and the Agent, require such Lender to assign and delegate,
without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.07), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee
that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 
 (a) the Agent shall have received the assignment fee specified in Section 10.07(b); 
 (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the
other Loan Documents (including any amounts under Sections 3.01, 3.03 and 3.04) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company (in the case of all other amounts). 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Company to require such assignment and delegation cease to apply. 
 No action by or
consent of a Defaulting Lender or a Non-Consenting Lender shall be necessary in connection with such assignment, which shall be immediately and automatically effective upon payment of such purchase price. In connection with any such assignment the
Company, Agent, such Defaulting Lender or such Non-Consenting Lender and the replacement Lender shall otherwise comply with this Section 10.14; provided, that if such Defaulting Lender or such Non-Consenting Lender does not comply
with this Section 10.14 within one Business Day after the Company’s request, compliance with this Section 10.14 shall not be required to effect such assignment. 

Section 10.15. Governing Law; Jurisdiction; Consent to Service of Process. 

(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

(b) The Company irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme
Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any relevant appellate court, 

  
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in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each party hereto irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. Each party hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in any Loan Document shall affect any right that any Lender or the Agent may otherwise have to bring
any action or proceeding relating to any Loan Document against any Obligor or its properties in the courts of any jurisdiction. 

(c) The Company irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it
may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to any Loan Document in any court referred to in subsection (b) of this Section. Each party hereto irrevocably waives, to the
fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of any such suit, action or proceeding in any such court. 
 (d) Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 10.02. Nothing in any Loan Document will affect the right of any party hereto to
serve process in any other manner permitted by law. 
 Section 10.16. Waiver of Jury Trial. 

EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING
UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
ARISING AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS. 
 Section 10.17. USA PATRIOT Act
Notice. 
 Each Lender and the Agent (for itself and not on behalf of any Lender) hereby notifies the Company that pursuant
to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies the Company, which
information includes the name and address of the Company and other information that will allow such Lender or the Agent, as applicable, to identify the Company in accordance with the Patriot Act. 

  
 -85-

 Section 10.18. Entire Agreement. 

This Agreement, together with the other Loan Documents and any separate agreements with respect to fees payable to the Agent, embodies
the entire agreement and understanding among the Company, the Lenders and the Agent and supersedes all prior or contemporaneous agreements and understandings of such Persons, verbal or written, relating to the subject matter hereof and thereof.

 [SIGNATURE PAGES FOLLOW ON NEXT PAGE] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their proper and duly authorized officers as of the day and year first above written. 
  

			
	CNO FINANCIAL GROUP, INC.
		
	By:	 	 /s/ Scott L. Galovic

		 	Name: Scott L. Galovic
		 	Title: Vice President and Treasurer

  

			
	 MORGAN STANLEY SENIOR FUNDING, INC.,
 as Agent and as Lender

		
	By:	 	 /s/ Eric Jenkins

		 	Name: Eric Jenkins
		 	Title: Authorized Signatory

 Schedule 2.01 
 Commitments 
  

									
	 Lender
	  	Commitment	 	  	Percentage of Total
Commitments	 
	 Morgan Stanley Senior Funding, Inc.
	  	$	375,000,000	  	  	 	100	% 

  
 1 

 Schedule 5.05 
 Litigation 
 All as more fully described in the Company’s Form 10-Q for the fiscal quarter
ended September 30, 2010: 
  

	A.	Securities Litigation 

  

	 	1.	Franz Schleicher, et al. v. Conseco, Inc., Gary Wendt, William Shea, Charles Chokel and James Adams, et al., Case No. 02-CV-1332 DFH-TAB.

  

	 	2.	Plumbers and Pipefitters Local Union No. 719 Pension Trust Fund, on behalf of itself and all others similarly situated v. Conseco, Inc., et al., Case
No. 09-CIV-6966. 

  

	 	3.	William T. Carter, derivatively on behalf of CNO Financial Group, Inc. v. R. Glenn Hilliard, Donna A. James, R. Keith Long, Debra J. Perry, C. James Prieur,
Neal C. Schneider, Michael T. Tokarz, John G. Turner, William Kirsch, Eugene Bullis, Michael Dubes, James Hohmann, Edward Bonach, Ali Inanilan, and John Wells, and CNO Financial Group, Inc., Cause No. 49D10 10 06 PL 024523.

  

	B.	Cost of Insurance Litigation 

  

	 	1.	AE Ventures for Archie Murakami, et al. v. Conseco, Inc., Conseco Life Insurance Company; and Doe Defendants 1-100, Case No. CV05-00594.

  

	 	2.	Clifford S. Arakaki et al. v. Conseco Life Insurance Company, Doe Defendants 1-100, Case No. CV05-00026. 

 

	C.	Other Litigation 

  

	 	1.	In re Conseco Insurance Co. Annuity Marketing & Sales Practices Litigation, consolidating the following two cases (under the Hansen case number):

  

	 	a)	Robert H. Hansen, an individual, and on behalf of all others similarly situated v. Conseco Insurance Company, an Illinois corporation f/k/a Conseco Annuity Assurance
Company, Cause No. C0504726 and 

  

	 	b)	Friou P. Jones, on Behalf of Himself and All Others Similarly Situated v. Conseco Insurance Company, an Illinois company f/k/a Conseco Annuity Assurance Company,
Cause No. C06-00537 

  
 2 

  

	 	2.	Celedonia X. Yue, M. D. on behalf of the class of all others similarly situated, and on behalf of the General Public v. Conseco Life Insurance Company, successor to
Philadelphia Life Insurance Company and formerly known as Massachusetts General Life Insurance Company, Cause No. CV08-01506 CAS. 

  

	 	3.	Sydelle Ruderman individually and on behalf of all other similarly situated v. Washington National Insurance Company, Case No. 08-23401-CIV-Cohn/Selzer.

  

	 	4.	Cedric Brady, et. al. individually and on behalf of all other similarly situated v. Conseco, Inc. and Conseco Life Insurance Company Case
No. 3:08-cv-05746. 

 Bill W. McFarland, and all those similarly situated v. Conseco Life Insurance
Company, Case No. 3:09-cv-598-J-32MCR. 
 On February 3, 2010, the Judicial Panel on MDL ordered these
two cases to be consolidated for pretrial proceedings in the Northern District of California Federal Court. On July 7, 2010, plaintiffs filed an amended motion for class certification of a nationwide class and a California state class. The
Company filed its motion in opposition on July 21, 2010. On October 6, 2010, the court granted the motion for certification of a nationwide class and denied the motion for certification of a California state class. 

 

	 	5.	Samuel Rowe and Estella Rowe, individually and on behalf of themselves and all others similarly situated v. Bankers Life & Casualty Company and Bankers Life
Insurance Company of Illinois, Case No. 09CV491. 

  

	 	6.	State of Minnesota, by its Pollution Control Agency and its Attorney General Lori Swanson vs. Associated Medical Assurance Limited, Associated Health Assurance
Limited, Associated Hospital Assurance Limited, Federated Rural Electric Insurance Exchange, Mt. McKinley Insurance Company, Munich Reinsurance America Incorporated, North Star Reinsurance Corporation, Northwestern National Insurance Company of
Milwaukee, Wisconsin, Stonebridge Life Insurance Company, and United Insurance Company, Cause no. 27-cv-08-1912. 

  
 3 

 Schedule 5.07 
 ERISA 
 None. 

  
 4 

 Schedule 5.13 
 Investment Companies 
 None. 

  
 5 

 Schedule 5.14 
 Subsidiaries 
 Key 
 G = Subsidiary Guarantor 
 IM = Immaterial Subsidiary 

F = Foreign Subsidiary 
 INS = Insurance
Subsidiary 
 SIS = Subsidiary of Insurance Subsidiary 
  

					
	 Company
 (Place of Incorporation)
	  	Subsidiary
Type	  	 Direct Beneficial Owner(s)
 (Place of Incorporation)

	 3037953 Nova Scotia Company (NS) (Calgary)
	  	F, IM	  	ResortPort Holding of Delaware, Inc. (DE)
	 40|86 Advisors, Inc. (DE)
	  	G	  	CNO Financial Group, Inc. (DE)
	 40|86 Mortgage Capital, Inc. (DE)
	  	G	  	CDOC, Inc. (DE)
	 American Life and Casualty Marketing Division Co. (IA)
	  	G	  	CDOC, Inc. (DE)
	 Association Management Corporation (IL)
	  	IM	  	CDOC, Inc. (DE)
	 Bankers Conseco Life Insurance Company (NY)
	  	INS	  	Conseco Life Insurance Company of Texas (TX)
	 Bankers Life and Casualty Company (IL)
	  	INS	  	Conseco Life Insurance Company of Texas (TX)
	 BLC Financial Services, Inc. (IL)
	  	SIS	  	Bankers Life and Casualty Company (IL)
	 C.P. Real Estate Services Corp. (NJ)
	  	SIS	  	Colonial Penn Life Insurance Company (PA)
	 CDOC, Inc. (DE)
	  	G	  	CNO Financial Group, Inc. (DE) Beneficial ownership (Pfd. Stock) held by Bankers Life and Casualty Company, Washington National Insurance Company, Conseco Life Insurance
Company
	 CNO IT Services (India) Private Limited
	  	F, IM	  	CDOC, Inc. (DE) – 99.996%, CNO Financial Group, Inc. (DE) - 0.004%
	 CNO Management Services Company (TX)
	  	G	  	CDOC, Inc. (DE)
	 CNO Services, LLC (IN)
	  	G	  	CDOC, Inc. (DE) – 89.1%, CNO Financial Group, Inc. (DE) – 9.9%, CNO Management Services Company (TX) –
1%

  
 6 

					
	 Company
 (Place of Incorporation)
	  	Subsidiary
Type	  	 Direct Beneficial Owner(s)
 (Place of Incorporation)

	 Codelinks, LLC (IN)
	  	IM	  	 CDOC, Inc. (DE)

	 Colonial Penn Life Insurance Company (PA)
	  	INS	  	 Conseco Life Insurance Company of Texas (TX)

	 Conseco Health Services, Inc. (PA)
	  	IM	  	 CDOC, Inc. (DE)

	 Conseco Life Insurance Company (IN)
	  	INS	  	 CDOC, Inc. (DE)

	 Conseco Life Insurance Company of Texas (TX)
	  	INS	  	 CDOC, Inc. (DE)

	 Conseco Marketing, L.L.C. (IN)
	  	IM	  	CNO Services, LLC (IN) – 90%, CNO Financial Group, Inc. (DE) – 9%, CNO Management Services Company (TX) – 1%
	 Conseco Securities, Inc. (DE)
	  	IM	  	 CDOC, Inc. (DE)

	 Design Benefit Plans, Inc. (IL)
	  	IM	  	 CNO Financial Group, Inc. (DE)

	 Hawthorne Advertising Agency Incorporated (PA)
	  	IM	  	 CDOC, Inc. (DE)

	 K.F. Agency, Inc. (IL)
	  	IM	  	 CDOC, Inc. (DE)

	 K.F. Insurance Agency of Massachusetts, Inc. (MA)
	  	IM	  	 CDOC, Inc. (DE)

	 NAL Financial Group, Inc. (DE)
	  	IM	  	 Conseco, Inc. (DE)

	 Performance Matters Associates of Texas, Inc. (TX)
	  	G	  	 Performance Matters Associates, Inc. (DE)

	 Performance Matters Associates, Inc. (DE)
	  	G	  	 CDOC, Inc. (DE)

	 ResortPort Holding of Delaware, Inc. (DE)
	  	IM	  	 CDOC, Inc. (DE)

	 Washington National Insurance Company (IL)
	  	INS	  	 CDOC, Inc. (DE))

  
 7 

 Schedule 6.15 
 Post Closing Matters 
 1. The Company shall use commercially reasonable efforts to terminate, or
cause to be terminated, the lien described below as promptly as practicable following the Effective Date.
  

																			
	 Debtor
	  	 Jurisdiction
	  	 Type
	  	Amount	 	  	 Secured

Party of
Record
	  	Original
File Date	 	  	Original
File Number	 
	 40|86 Advisors, Inc.
	  	Hamilton County, Indiana	  	Federal Tax Lien	  	$	23,879.93	  	  	Internal Revenue Service	  	 	12/07/2009	  	  	 	2009070129	  

 2. The Company shall, within 60 days of
the Effective Date, deliver to the Agent one or more certificates representing 65% of the outstanding Voting Stock of CNO IT Services (India) Private Limited, accompanied by duly executed instruments of transfer or assignment in blank. 

  
 8 

 Schedule 7.01 
 Existing Indebtedness 
  

	1.	Existing intercompany indebtedness involving Excluded Subsidiaries set forth on Attachment 1. 

 

	2.	Bankers Life and Casualty Company guarantee of retirement benefits for former President and CEO pursuant to an employment agreement. 

 

	3.	Conseco Life Insurance Company of Texas guarantee of retirement benefits for former President and CEO pursuant to employment agreement. 

 

	4.	6% Senior Note due November 12, 2013 of Conseco, Inc. dated as of November 12, 2008 ($75,000,000 aggregate principal amount outstanding as of the Effective
Date). 

  

	5.	Existing Convertible Debentures. 

  
 9 

 Attachment 1 to SCHEDULE 7.01 

Intercompany Indebtedness Involving Excluded Subsidiaries 
 as of 9/30/10 
  

							
	 Debtor
	  	 Owed to
	  	Amount ($)	 
	 Association Management Corporation
	  	CNO Services, LLC	  	$	80	  
	 Bankers Life & Casualty
	  	BLC Financial Services, Inc.	  	 	84,800	  
	 CDOC
	  	CNO IT Services India Private Limited	  	 	15,959	  
	 CNO Services, LLC
	  	Conseco Health Services, Inc.	  	 	85	  
	 Conseco Marketing, L.L.C.
	  	CNO Services, LLC	  	 	1,649,831	  
	 Conseco Securities, Inc.
	  	CDOC	  	 	1,294,209	  
	 Conseco Securities, Inc.
	  	CNO Services, LLC	  	 	39,947	  
	 Design Benefit Plans, Inc.
	  	CNO Financial Group, Inc.	  	 	45,114	  
	 K.F. Agency, Inc.
	  	Bankers Life & Casualty	  	 	15,199	  
			
		  		  	$	3,145,224	  

  
 10 

 Schedule 7.02 
 Existing Liens 
  

																	
	 Debtor
	 	Jurisdiction	 	 Type of

filing found
	 	Secured
Party	 	Collateral	 	Original
File Date	 	Original
File
Number	 	Amdt.
File Date	 	Amdt.
File
Number
	 40|861 Advisors, Inc.
	 	Indiana	 	Federal Tax Lien	 	IRS
($23,879.93)	 	N/A	 	12/07/2009	 	2009070129	 	N/A	 	N/A
	 Conseco Services, LLC
	 	Indiana	 	UCC-1	 	Oce North
America,
Inc.	 	Specified
Equipment	 	12/10/2004	 	200400011482698	 	N/A	 	N/A
	 Conseco Services, LLC
	 	Indiana	 	UCC-1	 	OCE
Financial
Services,
Inc. & OCE
North
America,
Inc.	 	Specified
Equipment	 	01/20/2005	 	200500000708466	 	N/A	 	N/A
	 Conseco Services, LLC
	 	Indiana	 	UCC-1	 	Oce North
America,
Inc.	 	Specified
Equipment	 	04/19/2007	 	200700003823368	 	N/A	 	N/A
	 Conseco Services, LLC
	 	Indiana	 	UCC-1	 	Ricoh
Americas
Corporation	 	Specified
Equipment	 	06/01/2009	 	200900004546333	 	N/A	 	N/A
	 Conseco Services, LLC
	 	Indiana	 	UCC-1	 	Logicalis,
Inc.	 	Specified
Equipment	 	02/01/2010	 	201000000995117	 	N/A	 	N/A

  
  

	1	This lien is to be discharged as described in Schedule 6.15. 

  
 11 

																	
	 Debtor
	 	Jurisdiction	 	 Type of

filing found
	 	Secured
Party	 	Collateral	 	Original
File Date	 	Original
File
Number	 	Amdt.
File Date	 	Amdt.
File Number
	 Conseco Services, LLC
	 	Indiana	 	UCC-1	 	North America
Communications
Resource, Inc.	 	Specified
Equipment	 	03/01/2010	 	201000001740792	 	N/A	 	N/A
	 Conseco Services, LLC
	 	Indiana	 	UCC-1	 	North America
Communications
Resource, Inc.	 	Specified
Equipment	 	03/01/2010	 	201000001741713	 	N/A	 	N/A
	 Conseco Services, LLC
	 	Indiana	 	UCC-1	 	Oce North
America, Inc.	 	Specified
Equipment	 	03/11/2010	 	201000002079667	 	N/A	 	N/A
	 Conseco, Inc.
	 	Delaware	 	UCC-1	 	TCF Equipment
Finance, Inc.	 	Specified
Equipment	 	05/28/2009	 	2009 1773594	 	N/A	 	N/A

  
 12 

 Schedule 7.09 
 Existing and Committed Investments 
 Existing Investments: 

Equity investments in Excluded Subsidiaries existing on the date hereof. 
 Committed Investments: 
 None. 

  
 13 

 Schedule 7.17 
 Restrictive Agreements 
 None. 

  
 14 

 Schedule 10.02 
 Addresses for Notices 
 CNO FINANCIAL GROUP, INC. 

CNO Financial Group, Inc. 
 11825 North
Pennsylvania Street 
 Carmel, Indiana 46032 
 Attention: Scott L. Galovic 
 Telephone: (317) 817-3228 

Facsimile: (317) 817-3772 
 Electronic Mail:
scott.galovic@cnoinc.com 
 with a copy to: 
 CNO Financial Group, Inc. 
 11825 North Pennsylvania Street 

Carmel, Indiana 46032 
 Attention: Karl Kindig

 Telephone: (317) 817-6708 

Facsimile: (317) 817-5828 
 Electronic Mail:
karl.kindig@cnoinc.com 
 MORGAN STANLEY SENIOR FUNDING, INC., as Agent 
 Legal Address: 
 Morgan Stanley Senior Funding, Inc. 

1 Pierrepont Plaza, 7th Floor 
 Brooklyn, NY
11201 
 Servicing Contact: 
 (Paydowns, Interest, rollover notices, etc.): 
 Morgan Stanley Senior Funding, Inc.

 Attention: Agency Team 
 1
Pierrepont Plaza, 7th Floor 
 Brooklyn, NY 11201 
 Telephone: 718-754-2712 
 Telecopier: 212-507-8080 

Electronic Mail: msagency@morganstanley.com

  
 15 

 Other Notices as Administrative Agent: 

Morgan Stanley Senior Funding, Inc. 

Documentation Team 
 Attention: Carrie D Johnson

 One Utah Center, 201 South Main Street, 5th Floor 
 Salt Lake City, Utah 84111 
 Telephone: 801-236-3655 

Telecopier: 212-507-5040 
 Electronic Mail:
docs4loans@ms.com, ms4loans@ms.com 

  
 16 

 EXHIBIT A 
 FORM OF COMPLIANCE CERTIFICATE 
 Financial Statement Date:
                     
  

			
	To:	  	Morgan Stanley Senior Funding, Inc., as Agent

 Ladies and
Gentlemen: 
 Reference is made to that certain Credit Agreement dated as of December 21, 2010 (as amended, restated,
extended, supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), by and among CNO Financial Group, Inc., a Delaware corporation (the
“Company”), the Lenders from time to time party thereto, and Morgan Stanley Senior Funding, Inc., as Agent. 

The undersigned Responsible Officer of the Company hereby certifies, solely as a Responsible Officer of the Company and not in his/her
individual capacity, as of the date hereof that he/she is the
[                                ] of the Company, and that, as such, he/she is
authorized to execute and deliver this Compliance Certificate to the Agent on behalf of the Company, and that: 
 [Use
following paragraph 1 for fiscal year-end financial statements] 
 1. (i) Attached hereto as Schedule 1 are the
year-end audited financial statements required by Section 6.01(a) of the Agreement for the fiscal year of the Company ended as of the above date, together with the report and opinion of an independent certified public accountant required
by such section and (ii) attached hereto as Schedule 2 is the certificate prepared by such independent certified public accountant with respect to such financial statements, as required by Section 6.02(b) of the Agreement.

 [Use following paragraph 1 for fiscal quarter-end financial statements] 

1. Attached hereto as Schedule 1 are the unaudited financial statements required by Section 6.01(b) of the Agreement for the
fiscal quarter of the Company ended as of the above date. Such financial statements fairly present in all material respects, in accordance with GAAP (subject to the absence of footnotes and year-end audit adjustments), the financial position, the
results of operations and cash flows of the Company and its Subsidiaries as at such date and for such period. 
 2. The
undersigned has reviewed and is familiar with the terms of the Agreement and has made, or has caused to be made under his/her supervision, a detailed review of the transactions and condition (financial or otherwise) of the Company during the
accounting period covered by the attached financial statements. 
 3. A review of the activities of the Company during such
fiscal period has been made under the supervision of the undersigned with a view to determining whether during such fiscal period the Company performed and observed all its obligations under the Loan Documents, and 

[select one:] 
 [during such fiscal period, to the best knowledge of the undersigned, the Company performed and observed each covenant and condition of the Loan Documents applicable to it and no Default has occurred and
is continuing.] 

  
 A-1

 —or— 

[the following covenants or conditions have not been performed or observed and the following is a list of each such Default and its
nature and status:] 
 4. The financial covenant analyses and information set forth on Schedule 3 attached hereto are
true and accurate on and as of the date of this Compliance Certificate. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

  
 A-2

 IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate in
his/her capacity as Responsible Officer of the Company as of                     ,
            . 
  

			
	CNO FINANCIAL GROUP, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 A-3

 SCHEDULE 1 
 TO THE COMPLIANCE CERTIFICATE 

  
 A-4

 SCHEDULE 2 
 TO THE COMPLIANCE CERTIFICATE 

  
 A-5

 SCHEDULE 3 

TO THE COMPLIANCE CERTIFICATE1 
 For the Fiscal Quarter/Year ended                      (“Statement Date”)

 Section 7.01 — Limitation on Indebtedness; Certain Capital Stock 

 

							
	 Item
	  	 Maximum
Permitted
(at any
time
outstanding)
	  	 Actual
(measured
as of the

Statement Date)

				
	 (a)
	 	Aggregate principal amount of Capitalized Lease Liabilities, Purchase Money Debt, and Refinancing Indebtedness thereof (but disregarding the requirements of clauses (b) through
(h) of the definition thereof):	  	$50,000,000	  	$            
				
	 (b)
	 	Aggregate principal amount of Indebtedness owed by any Excluded Subsidiary to the Company or any other Subsidiary:	  	$30,000,000	  	$            
				
	 (c)
	 	Aggregate principal amount of other secured Indebtedness under Section 7.01(a)(xiii) of the Agreement (including Indebtedness described in Item (e) below):	  	$50,000,000	  	$            
				
	 (d)
	 	Aggregate principal amount of other unsecured Indebtedness under Section 7.01(a)(xiv) of the Agreement (including Indebtedness described in Item (e) below):	  	$75,000,000	  	$            
				
	 (e)
	 	Aggregate principal amount of other secured or unsecured Indebtedness of Subsidiaries that are not Obligors under Section 7.01(a)(xiii) and Section 7.01(a)(xiv) of the
Agreement:	  	$25,000,000	  	$            

 

	1	 In case of any inconsistency between the provisions of this Schedule and the provisions of the Agreement, the Agreement shall prevail.

  
 A-6

 Section 7.02 — Liens 

 

							
	 	 	 	  	 Maximum
Permitted
(at any
time
outstanding)
	  	 Actual
(measured
as of
the
Statement Date)

	(a)	 	Aggregate amount of collateral consisting of cash or Cash Equivalents1 securing Permitted Swap Obligations under Section 7.02(c) of the Agreement:	  	$60,000,000	  	$            
				
	(b)	 	Aggregate amount of collateral consisting of cash or Cash Equivalents securing letters of credit issued in respect of obligations to insurers under Section 7.02(f) of the
Agreement:	  	$20,000,000	  	$             
				
	(c)	 	Aggregate amount of Cash Management Obligations permitted by Section 7.01(a)(xiii) of the Agreement secured by Liens under Section 7.02(o) of the Agreement:	  	$10,000,000	  	$            
			
	Section 7.03 — Disposition of Assets	  		  	
				
	 	 	 	  	 Maximum
Permitted
(for the
period
indicated)
	  	 Actual
(measured
as indicated)

	(a)	 	Aggregate amount of Dispositions to Excluded Subsidiaries under Section 7.03(d) of the Agreement:	  	$30,000,000	  	$            
		 		  		  	 through the
 Statement Date

				
	(b)	 	Aggregate statutory profit and/or gains on insurance policy sales or other portfolio transfers resulting from all Dispositions pursuant to a Reinsurance Agreement consummated after
the Effective Date under clause (ii) of Section 7.03(e) of the Agreement, subject to the provisos in clauses (x) and (y) of such Section:	  	 $400,000,000
 during the term
 of the

Agreement
  

$150,000,000
 in
any
 Fiscal Year
	  	 $            

through the Statement Date
  

 

$            

for the

Fiscal Year through the Statement Date

 

	1	 For purposes of this Item (a), in the case of Cash Equivalents described in clauses (a), (b), (e) and (f) of the definition thereof, the one
year (or twelve-month, as applicable) maturity limitation set forth in such clauses shall be disregarded. 

  
 A-7

 Section 7.08 — Restricted Payments 

 

							
	 	 	 	  	 Maximum
Permitted
(for the
period
indicated)
	  	 Actual
(measured
as indicated)

				
	(a)	 	Aggregate amount of Restricted Payments under Section 7.08(d) of the Agreement, together with the aggregate amount of payments made pursuant to Section 7.10(a)(iv) of the Agreement
that could have been made as Restricted Payments under Section 7.10(d) of the Agreement at the time made:	  	 Pro forma Debt
 to Total Capitalization Ratio
 is equal to or less than 20%
	  	 $            

through the Statement Date

				
	(b)	 	Aggregate amount of Restricted Payments under Section 7.08(e) of the Agreement, together with the aggregate amount of payments made pursuant to Section 7.10(a)(iv) of the Agreement
(except to the extent that any such payment could have been made as a Restricted Payment under Section 7.10(d) of the Agreement at the time made):	  	 $75,000,000
  

 
	  	 $            

through the Statement Date

			
	Section 7.09 — Investments and Acquisitions	  		  	
	 	 	 	  	 Maximum
Permitted
(for the
period
indicated)
	  	 Actual
(measured
as indicated)

				
	(a)	 	Aggregate amount expended for Investments in Excluded Subsidiaries in the ordinary course of business under Section 7.09(h) of the Agreement, together with the aggregate principal
amount of Indebtedness outstanding owing to any Excluded Subsidiaries pursuant to the Tax Sharing Agreement (as described in Section 7.01(a)(xviii) of the Agreement):	  	 $30,000,000
  

 
	  	 $            

through the Statement Date

				
	(b)	 	Aggregate amount expended for Acquisitions (other than Acquisitions that constitute Investments permitted by Section 7.09(f) or 7.09(m) of the Agreement) under Section 7.09(l)(i) of
the Agreement, subject to the requirements of such Section:	  	 $400,000,000
 during the term
 of the

Agreement
  

$200,000,000
in any 
Fiscal Year
  
	  	 $            

through the Statement Date
  

$            

for the
Fiscal Year through the Statement Date

  
 A-8

  

							
	 	 	 	  	 Maximum
Permitted
(for the
period
indicated)
	  	 Actual
(measured
as indicated)

	(c)	 	Aggregate amount expended for Acquisitions (other than Acquisitions that constitute Investments permitted by Section 7.09(f) or 7.09(m) of the Agreement) under Section 7.09(l)(ii)
of the Agreement, subject to the requirements of such Section:	  	  
 $600,000,000
during the term
of
the
Agreement
  
 $300,000,000
in any

Fiscal Year
  
	  	 $            

through the Statement Date
  

$            

for the
Fiscal Year through the Statement Date

				
	(d)	 	Aggregate amount expended for Investments under Section 7.09(m) of the Agreement:	  	 $75,000,000
  

 
	  	 $            

through the Statement Date

  
 A-9

 Section 7.11 — Debt to Total Capitalization Ratio 

 

											
	(a)	 	Maximum permitted:	  	 	30.0	% 
			
	(b)	 	Actual (measured as of the Statement Date):	  			
				
		 	(i)	  	the principal amount of and accrued but unpaid interest on all Indebtedness of the Company outstanding on such date:	  	$	            	  
					
		 		  	(A)	  	Indebtedness owing to any Subsidiary Guarantor:	  	$	            	  
					
		 		  	(B)	  	the liabilities (if any) of the Company in respect of Swap Contracts as determined by reference to the Swap Termination Value thereof:	  	$	            	  
					
		 		  	(C)	  	sum of (b)(i)(A) + (b)(i)(B):	  	$	            	  
					
		 		  	(D)	  	(b)(i) minus (b)(i)(C):	  	$	            	  
				
		 	(ii)	  	Total Capitalization:	  			
					
		 		  	(A)	  	Total Shareholders’ Equity of the Company:	  	$	            	  
					
		 		  	(B)	  	sum of (b)(i)(D) + (b)(ii)(A):	  	$	            	  
			
	(c)	 	Ratio of (b)(i)(D) to (b)(ii)(B):	  	 	            	  

  
 A-10

 Section 7.12 — Interest Coverage Ratio 

Calculation Period: [Four] Fiscal Quarters ended
                    ,        

 

											
	(a)	 	Minimum required:	  	 	2.00:1.0	    
			
	(b)	 	Actual CNO Available Cash Flow for the Calculation Period, without duplication:	  			
				
		 	(i)	  	dividends paid in cash to the Company by any Subsidiary:	  	$	            	  
				
		 	(ii)	  	interest paid in cash to the Company by any Subsidiary pursuant to any Indebtedness owing by such Subsidiary to the Company:	  	$	            	  
				
		 	(iii)	  	interest or principal paid in cash to the Company with respect to any Surplus Debenture:	  	$	            	  
				
		 	(iv)	  	amounts paid in cash to the Company under the Tax Sharing Agreement:	  	$	            	  
				
		 	(v)	  	management and other similar fees received by the Company under servicing agreements or otherwise from any Subsidiary:	  	$	            	  
				
		 	(vi)	  	amounts paid in cash to the Company pursuant to a loan made to it by any Subsidiary:	  	$	            	  
				
		 	(vii)	  	the Company’s Investment Income received in cash:	  	$	            	  
				
		 	(viii)	  	non-recurring cash and non-cash charges (not to exceed $40,000,000 in the aggregate (of which up to $25,000,000 may be cash charges) for all Calculation Periods) related
to restructuring, consolidation, severance or discontinuance of any portion of the operations, employees and/or management of the Company:	  	$	            	  
				
		 	(ix)	  	sum of (b)(i) through (b)(viii):	  	$	            	  
				
		 	(x)	  	cash operating expenses of the Company:	  	$	            	  
				
		 	(xi)	  	Capital Expenditures of the Company made in cash:	  	$	            	  
				
		 	(xii)	  	amounts, if any, paid by the Company in respect of interest on or in repayment of any loan made to it by any Subsidiary:	  	$	            	  
				
		 	(xiii)	  	amounts paid in cash by the Company to any Insurance Subsidiary in respect of any overpayment by such Insurance Subsidiary of amounts required to be paid by such
Insurance Subsidiary to the Company under the Tax Sharing Agreement:	  	$	            	  
				
		 	(xiv)	  	sum of (b)(x) through (b)(xiii):	  	$	            	  

  
 A-11

											
				
		 	(xv)	  	difference of (b)(ix) minus (b)(xv):	  	$	            	  
				
		 	(xvi)	  	amounts, if any, received by the Company or any of its Subsidiaries and required to be applied to prepay the Borrowings pursuant to Section 2.08(b) (other than
pursuant to Section 2.08(b)(iv)) of the Agreement, to the extent otherwise included in CNO Available Cash Flow for any Calculation Period:	  	$	            	  
				
		 	(xvii)	  	difference of (b)(xv) minus (b)(xvi):	  	$	            	  
			
	(c)	 	Actual Cash Interest Expense for the Calculation Period:	  			
				
		 	(i)	  	total interest expense, to the extent paid or payable in cash, of the Company and its Subsidiaries determined on a consolidated basis in accordance with GAAP, excluding
interest paid or, without duplication, accrued but unpaid by any Insurance Subsidiary to the extent otherwise included in total interest expense in this item for such Calculation Period:	  	$	            	  
				
		 	(ii)	  	total dividends paid or payable in cash on any preferred stock issued by the Company to the extent the terms of such preferred stock require payment of cash dividends;
provided, that, following the conversion of any such preferred stock into common stock, any cash dividends paid on such preferred stock during such Calculation Period shall, on a Pro Forma Basis, as if the conversion was completed on the
first day of such Calculation Period, be excluded from calculations of Cash Interest Expense for such Calculation Period:	  	$	            	  
				
		 	(iii)	  	sum of (c)(i) plus (c)(ii):	  	$	            	  
			
	(d)	 	Ratio of (b)(xvii) to (c)(iii):	  	 	            	  

  
 A-12

 Section 7.14 — Aggregate RBC Ratio 

 

											
	(a)	 	Minimum required:	  	 
 
   
  
 
	225%, on
or prior to
12/31/2011  

250%,
thereafter
	  
  
    
   
  

											
			
	(b)	 	Actual (measured as of the Statement Date):	  			
				
		 	(i)	  	aggregate Total Adjusted Capital (as defined by each relevant Insurance Subsidiary’s Department) for all Insurance Subsidiaries taken as a whole:	  	$	            	  
				
		 	(ii)	  	aggregate Authorized Control Level Risk-Based Capital (as defined by each relevant Insurance Subsidiary’s Department) for all Insurance Subsidiaries taken as a
whole:	  	$	            	  
				
		 	(iii)	  	ratio of (b)(i) to (b)(ii) (expressed as a percentage):	  	 	            	% 
			
	(c)	 	One half of the ratio in (b)(iii) (expressed as a percentage):	  	 	            	% 

 Section 7.15 —
Combined Statutory Capital and Surplus Level 
  

											
	(a)	 	Minimum required:	  	$	1,200,000,000	  

											
			
	(b)	 	   Combined Statutory Capital and Surplus (measured as of the Statement Date):	  			
				
		 	   (i)	  	amount shown on the Combined Statutory Statement of the Insurance Subsidiaries on p. 3, line 38:	  	$	            	  
				
		 	   (ii)	  	amount shown on the Combined Statutory Statement of the Insurance Subsidiaries on p. 3, line 24.1:	  	$	            	  
			
	(c)	 	   Sum of (b)(i) and (b)(ii):	  	$	            	  

  
 A-13

 Section 7.16 — Investment Portfolio Requirement 

Measured as of the Statement Date:
                     
  

											
	(a)	 	Aggregate fair market value of all Investments held by the Insurance Subsidiaries:	  	$	            	  
			
	(b)	 	Aggregate fair market value of all Investments of the Insurance Subsidiaries that are not Investment Grade Assets (exclusive of the Investments referred to in Items (c),
(d) and (e) hereof and policy loans as specified on page 2, line 6 of the Company’s Annual Statements):	  	$	            	  
				
		 	(i)	  	maximum permitted ratio of (b) to (a) (expressed as a percentage):	  	 	10	% 
				
		 	(ii)	  	actual ratio of (b) to (a) (expressed as a percentage):	  	 	            	% 
			
	(c)	 	Aggregate fair market value of all Investments of the Insurance Subsidiaries that are non-NAIC rated (exclusive of the Investments referred to in Items (b), (d) and
(e) hereof and policy loans as specified on page 2, line 6 of the Company’s Annual Statement):	  	$	            	  
				
		 	(i)	  	maximum permitted ratio of (c) to (a) (expressed as a percentage):	  	 	6	% 
				
		 	(ii)	  	actual ratio of (c) to (a) (expressed as a percentage):	  	 	            	% 
			
	(d)	 	Aggregate fair market value of all Investments of the Insurance Subsidiaries in real property mortgage loans classified on Schedule B-Part 1 of the Annual Statement
(exclusive of Investments referred to in Items (b), (c) and (e) hereof):	  	$	            	  
				
		 	(i)	  	maximum permitted ratio of (d) to (a) (expressed as a percentage):	  	 	12	% 
				
		 	(ii)	  	actual ratio of (d) to (a) (expressed as a percentage):	  	 	            	% 
			
	(e)	 	Aggregate fair market value of all Investments of the Insurance Subsidiaries in Capital Stock (exclusive of Investments referred to in Items (b), (c) and
(d) hereof):	  	$	            	  
				
		 	(i)	  	maximum permitted ratio of (e) to (a) (expressed as a percentage):	  	 	1	% 
				
		 	(ii)	  	actual ratio of (e) to (a) (expressed as a percentage):	  	 	            	% 

  
 A-14

 EXHIBIT B 
 FORM OF NOTE 

                    ,
20[    ] 
 FOR VALUE RECEIVED, the undersigned (the “Company”) hereby promises to
pay to                                  or registered assigns (the
“Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time to time made by the Lender to the Company under that certain Credit Agreement, dated as of
December 21, 2010 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among the Company, the
Lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as Agent. 
 The Company promises to pay
interest on the unpaid principal amount of each Loan made by the Lender from the date of such Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement. All payments of principal and
interest shall be made to the Agent for the account of the Lender in Dollars in immediately available funds, pursuant to the terms of the Agreement. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be
paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Agreement. 
 This Note is one of the Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions provided therein. This Note is
also entitled to the benefits of the Security Agreement and is secured by the Collateral. Upon the occurrence and continuation of one or more of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Note shall
become, or may be declared to be, immediately due and payable all as provided in the Agreement. Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business. The
Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. 
 The Company, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 

  
 B-1

 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	CNO FINANCIAL GROUP, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 B-2

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Interest

Type of

Loan Made
	  	 Amount of

Loan Made
	  	 End of Interest
Period
	  	 Amount of

Principal or

Interest Paid

This Date
	  	 Outstanding

Principal

Balance This

Date
	  	 Notation Made by

		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	

 EXHIBIT C 
 FORM OF LOAN NOTICE 
 Date:
                    , 20[    ] 
 To: Morgan Stanley Senior Funding, Inc., as Agent 
 Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, to be dated as of December 21, 2010 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement”; the terms defined therein being used herein as therein defined), among CNO Financial Group, Inc., a Delaware corporation (the
“Company”), the Lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as Agent. 

The undersigned hereby requests (select one): 
  

	 	 ̈	A Borrowing of Loans 

  

	 	 ̈	A conversion or continuation of Loans 

  

	 	1.	On
                                        
 (a Business Day) 

  

	 	2.	In the amount of $                     

  

	 	3.	Comprised of
                                        
     

                [Interest Type of Loan requested]

  

	 	4.	For Eurodollar Rate Loans: with an Interest Period of      months. 

[Upon acceptance of any or all of the Loans offered by the Lenders in response to this request, the Company shall be deemed to have
represented and warranted that the conditions specified in Sections 4.02(a) and 4.02(b) of the Agreement have been satisfied on and as of the date of the applicable Borrowing.]1 
 [The Company hereby agrees that if it fails to borrow the Eurodollar Rate Loans requested hereby (including as a result of the failure of the Agreement to become effective), the Company shall, after
receipt of a written request by any Lender (which request shall set forth in reasonable detail the basis for requesting such amount), pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any losses,
costs or expenses that such Lender may reasonably incur as a result of such failure, including any loss, cost or expense (excluding loss of anticipated profits) actually incurred by reason of the liquidation or reemployment of deposits or other
funds acquired by such Lender to fund such Eurodollar Rate Loan.]2 
  

	1	 Do not use for conversion of Loans to other Interest Type or a continuation of Eurodollar Rate Loans. 

	2	 Applicable with respect to Borrowing of Eurodollar Rate Loans on the Effective Date only. 

  
 C-1

  

			
	CNO FINANCIAL GROUP, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 C-2

 EXHIBIT D 
 FORM OF ASSIGNMENT AND ASSUMPTION 
 This Assignment and
Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2 Assignee identified in item 2 below ([the][each, an]
“Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the
Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings
given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached
hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from
[the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Agent as contemplated below (i) all of [the Assignor’s][the
respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount
and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract
claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any]
Assignor to [the][any] Assignee 
  

	1	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first
bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

	2	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first
bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language 

	3	 Select as appropriate. 

	4	 Include bracketed language if there are either multiple Assignors or multiple Assignees. 

  
 D-1

 pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an]
“Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

  

							
	1.	  	Assignor[s]:	  	  
	  	
		  		  	  
	  	
				
	2.	  	Assignee[s]:	  	  
	  	
		  		  	  
	  	
		
		  	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
		
	3.	  	Company: CNO Financial Group, Inc.
		
	4.	  	Agent: Morgan Stanley Senior Funding, Inc., as the administrative agent under the Credit Agreement
		
	5.	  	Credit Agreement: Credit Agreement, dated as of December 21, 2010, among CNO Financial Group, Inc., the Lenders from time to time party thereto and Morgan
Stanley Senior Funding, Inc., as Agent.
		
	6.	  	Assigned Interest[s]:

  

																			
	 Assignor[s]1
	  	Assignee[s]2	 	  	Facility
Assigned3	  	Aggregate
Amount of
Commitment/
Loans
for All Lenders4	  	Amount of
Commitment/
Loans
Assigned	  	Percentage
Assigned of
Commitment/
Loans5	 	 	CUSIP
Number	 
		  				  	            	  	$                    	  	$                    	  	 	                    	% 	 			
		  				  	            	  	$                    	  	$                    	  	 	                    	% 	 			
		  				  	            	  	$                    	  	$                    	  	 	                    	% 	 			

  

			
	[7.	  	Trade Date:                         ]6

 

	1	 List each Assignor, as appropriate. 

	2	 List each Assignee, as appropriate. 

	3	 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g.
“Commitment,”). 

	4	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments
made between the Trade Date and the Effective Date. 

	5	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

	6	 To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

  
 D-2

 Effective Date:
                                , 20     [TO BE
INSERTED BY AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set
forth in this Assignment and Assumption are hereby agreed to: 
  

			
	ASSIGNOR
	[NAME OF ASSIGNOR][S]
		
	By:	 	  

		 	Title:
	
	ASSIGNEE
	[NAME OF ASSIGNEE][S]
		
	By:	 	  

		 	Title:

 [Consented to
and]1 Accepted: 

 

			
	 MORGAN STANLEY SENIOR FUNDING, INC., as Agent

		
	By:	 	  

		 	Title:
	
	[Consented to:]2
	
	[CNO FINANCIAL GROUP, INC., as Company
		
	By:	 	  

		 	Title:]

  

	1	 To be added only if the consent of the Agent is required by the terms of the Credit Agreement. 

	2	 To be added only if the consent of the Company is required by the terms of the Credit Agreement. 

  
 D-3

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 
 1.1. Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions
contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Company, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any
Loan Document or (iv) the performance or observance by the Company, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 

1.2. Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has
taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements of an Eligible
Assignee under the Credit Agreement (subject to such consents, if any, as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder
and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and
either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been
accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit
analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Agent or any other Lender and based on such documents and information as
it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required
to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Agent, [the][any] Assignor or any other
Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their
terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
 2.
Payments. From and after the Effective Date, the Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which
have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. 

  
 D-4

 3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York. 

  
 D-5

 EXHIBIT E 
 EURODOLLAR RATE FUNDING LOSS 
 DETERMINATION METHODOLOGY 

(COFO – COFBD) x P x D
 360 
  

					
	COFO	  	=	  	COST OF FUNDS AT ORIGINATION (AS QUOTED BY THE AGENT)
			
	COFBD	  	=	  	COST OF FUNDS AT BREAK DATE FOR THE DAYS REMAINING IN THE ORIGINAL INTEREST PERIOD (AS QUOTED BY THE AGENT)
			
	P	  	=	  	PRINCIPAL
			
	D	  	=	  	NUMBER OF DAYS LEFT IN ORIGINAL INTEREST PERIOD

  
 E-1

 EXHIBIT F 
 FORM OF SECURITY AGREEMENT 
 [See Attached] 

  
 F-1

 EXHIBIT G-1 
 FORM OF 
 UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of December 21, 2010 (the “Credit Agreement”), among CNO
Financial Group, Inc., a Delaware corporation (the “Company”), each lender from time to time party hereto (collectively, the “Lenders”; individually, each a “Lender”) and MORGAN STANLEY SENIOR
FUNDING, INC., as Agent. Capitalized terms used herein but not otherwise defined shall have the meaning given to such term in the Credit Agreement. 
 Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any
Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Company
within the meaning of Section 881(c)(3)(B) of the Code, (iv) it is not a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code, and (v) no payments in connection with any Loan Document are
effectively connected with a United States trade or business conducted by the undersigned. 
 The undersigned has furnished
Agent and the Company with a certificate of its non-U.S. person status on Internal Revenue Service Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the
undersigned shall promptly so inform the Company and the Agent in writing and (2) the undersigned shall furnish the Company and the Agent a properly completed and currently effective certificate and Form W-8BEN in either the calendar year in
which payment is to be made by the Company or the Agent to the undersigned, or in either of the two calendar years preceding such payment. 
 [Signature Page Follows] 

  
 G-1-1

  

					
	[Lender]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	[Address]

 Dated:
                    , 20[    ] 

  
 G-1-2

 EXHIBIT G-2 
 FORM OF 
 UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of December 21, 2010 (the “Credit Agreement”), among CNO
Financial Group, Inc., a Delaware corporation (the “Company”), each lender from time to time party hereto (collectively, the “Lenders”; individually, each a “Lender”) and MORGAN STANLEY SENIOR
FUNDING, INC., as Agent. Capitalized terms used herein but not otherwise defined shall have the meaning given to such term in the Credit Agreement. 
 Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s)
evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) neither the undersigned nor any
of its partners/members is a bank within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its partners/members is a ten percent shareholder of the Company within the meaning of Section 881(c)(3)(B) of the Code,
(v) none of its partners/members is a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code, and (vi) no payments in connection with any Loan Document are effectively connected with a United States
trade or business conducted by the undersigned or its partners/members. 
 The undersigned has furnished the Agent and the
Company with Internal Revenue Service Form W-8IMY accompanied by an Internal Revenue Service Form W-8BEN from each of its partners/members claiming the portfolio interest exemption; provided that, for the avoidance of doubt, the foregoing
shall not limit the obligation of the Lender to provide, in the case of a partner/member not claiming the portfolio interest exemption, a Form W-8ECI, Form W-9 or Form W-8IMY (including appropriate underlying certificates from each interest holder
of such partner/member), in each case establishing such partner/member’s available exemption from U.S. federal withholding tax. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate
changes, the undersigned shall promptly so inform the Company and the Agent and (2) the undersigned shall have at all times furnished the Company and the Agent in writing with a properly completed and currently effective certificate and Form
W-8IMY and accompanying Forms W-8BEN in either the calendar year in which payment is to be made by the Company or the Agent to the undersigned, or in either of the two calendar years preceding such payment. 

[Signature Page Follows] 

  
 G-2-1

  

					
	[Lender]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	[Address]

 Dated:
                    , 20[    ] 

  
 G-2-2

 EXHIBIT G-3 
 FORM OF 
 UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of December 21, 2010 (the “Credit Agreement”), among CNO
Financial Group, Inc., a Delaware corporation (the “Company”), each lender from time to time party hereto (collectively, the “Lenders”; individually, each a “Lender”) and MORGAN STANLEY SENIOR
FUNDING, INC., as Agent. Capitalized terms used herein but not otherwise defined shall have the meaning given to such term in the Credit Agreement. 
 Pursuant to the provisions of Section 3.01(e) and 10.07(d) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the
participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Company within the meaning of
Section 881(c)(3)(B) of the Code, (iv) it is not a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code, and (v) no payments in connection with any Loan Document are effectively connected with
a United States trade or business conducted by the undersigned. 
 The undersigned has furnished its participating Foreign
Lender with a certificate of its non-U.S. person status on Internal Revenue Service Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Foreign Lender in writing and (2) the undersigned shall have at all times furnished such Foreign Lender with a properly completed and currently effective certificate and Form W-8BEN in either the calendar year in which
payment is to be made to the undersigned, or in either of the two calendar years preceding such payment. 
 [Signature Page
Follows] 

  
 G-3-1

  

					
	[Participant]
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
	
	 [Address]

 Dated:                     , 20[    ] 

  
 G-3-2

 EXHIBIT G-4 
 FORM OF 
 UNITED STATES TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Credit Agreement dated as of December 21, 2010 (the “Credit Agreement”), among CNO
Financial Group, Inc., a Delaware corporation (the “Company”), each lender from time to time party hereto (collectively, the “Lenders”; individually, each a “Lender”) and MORGAN STANLEY SENIOR
FUNDING, INC., as Agent. Capitalized terms used herein but not otherwise defined shall have the meaning given to such term in the Credit Agreement. 
 Pursuant to the provisions of Section 3.01(e) and 10.07(d) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in
respect of which it is providing this certificate, (ii) its partners/members are the sole beneficial owners of such participation, (iii) neither the undersigned nor any of its partners/members is a bank within the meaning of
Section 881(c)(3)(A) of the Code, (iv) none of its partners/members is a ten percent shareholder of the Company within the meaning of Section 881(c)(3)(B) of the Code, (v) none of its partners/members is a “controlled
foreign corporation” described in Section 881(c)(3)(C) of the Code, and (vi) no payments in connection with any Loan Document are effectively connected with a United States trade or business conducted by the undersigned or its
partners/members. 
 The undersigned has furnished its participating Foreign Lender with Internal Revenue Service Form W-8IMY
accompanied by an Internal Revenue Service Form W-8BEN from each of its partners/members claiming the portfolio interest exemption; provided that, for the avoidance of doubt, the foregoing shall not limit the obligation of the undersigned to
provide, in the case of a partner/member not claiming the portfolio interest exemption, a Form W-8ECI, Form W-9 or Form W-8IMY (including appropriate underlying certificates from each interest holder of such partner/member), in each case
establishing such partner/member’s available exemption from U.S. federal withholding tax. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Foreign Lender in writing and (2) the undersigned shall have at all times furnished such Foreign Lender with a properly completed and currently effective certificate and Form W-8IMY and accompanying Forms W-8BEN in
either the calendar year in which payment is to be made to the under-signed, or in either of the two calendar years preceding such payment. 
 [Signature Page Follows] 

  
 G-3-1

  

			
	[Participant]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[Address]

 Dated:
                    , 20[    ] 

  
 G-3-2

 EXHIBIT H-1 
 FORM OF OPINION OF DEWEY & LEBOEUF LLP 
 (New York, Delaware and
Texas) 
 [See Attached] 

  
 G-3-1

 EXHIBIT H-2 
 FORM OF OPINION OF KARL KINDIG 
 [See Attached] 

  
 G-3-1

 EXHIBIT H-3 
 FORM OF OPINION OF BAKER & DANIELS LLP 
 (Indiana)

 [See Attached] 

  
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 EXHIBIT I 
 FORM OF SOLVENCY CERTIFICATE 
 December 21, 2010 

The undersigned,
                                        ,
the Chief Financial Officer of CNO Financial Group, Inc., a Delaware corporation (“CNO”), is familiar with the properties, businesses, assets and liabilities of CNO and its Subsidiaries and is duly authorized to execute this
certificate (this “Solvency Certificate”) on behalf of CNO. 
 This Solvency Certificate is delivered pursuant
to Section 4.01(h)(ii) of the Credit Agreement dated as of December 21, 2010 (the “Credit Agreement”; terms defined therein unless otherwise defined herein being used herein as therein defined) among CNO, each Lender from
time to time party thereto and Morgan Stanley Senior Funding, Inc., as Agent and the other parties thereto. As used herein, “Company” means CNO and its Subsidiaries on a consolidated basis. 

1. The undersigned certifies, on behalf of CNO and not in his individual capacity, that he has made such investigation and inquiries as
to the financial condition of CNO and its Subsidiaries as the undersigned deems necessary and prudent for the purposes of providing this Solvency Certificate. 
 2. The undersigned certifies, on behalf of CNO and not in his individual capacity, that (a) the financial information, projections and assumptions which underlie and form the basis for the
representations made in this Solvency Certificate were made in good faith and were based on assumptions reasonably believed by CNO to be fair in light of the circumstances existing at the time made and continue to be fair as of the date hereof; and
(b) for purposes of providing this Solvency Certificate, the amount of contingent liabilities has been computed as the amount that, in the light of all the facts and circumstances existing as of the date hereof, represents the amount that can
reasonably be expected to become an actual or matured liability. 
 BASED ON THE FOREGOING, the undersigned certifies, on behalf
of CNO and not in his individual capacity, that, on the date hereof, before and after giving effect to the Transactions (and the Loans made or to be made and other obligations incurred or to be incurred on the date hereof): 

(i) the fair value of the property of the Company is greater than the total amount of its debts and liabilities,
subordinated, contingent or otherwise; 
 (ii) the present fair salable value of the assets of the Company is
greater than the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities mature; 

(iii) the Company is able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and
liabilities mature in the ordinary course of business; and 
 (iv) the Company does not have unreasonably small
capital with which to conduct the business in which it is engaged as such business is now conducted and is proposed to be conducted following the date hereof. 

  
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 IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate as of the first
date written above, solely in his capacity as the Chief Financial Officer of CNO and not in his individual capacity. 
  

			
	  

	Name:	 	
	Title:	 	Chief Financial Officer

  
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 EXHIBIT J 
 FORM OF PARI PASSU INTERCREDITOR AGREEMENT 
 [See Attached]

  
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