Document:

Exhibit 4.1

 

Execution Version

 

 

 

KBR, INC.,

 

as Issuer

 

 

 

INDENTURE

 

Dated as of September 30, 2020

 

 

 

CITIBANK, N.A.,

 

as Trustee

 

$250,000,000

 

4.750% Senior Notes due 2028

 

 

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 
	Article I
	 
	Definitions and Incorporation by Reference	1
	 	 
	Section 1.1	Definitions	1
	Section 1.2	Other Definitions	40
	Section 1.3	Rules of Construction	41
	Section 1.4	Incorporation by Reference of TIA	41
	Section 1.5	Limited Condition Transaction	42
	 	 	 
	Article II
	 
	The Notes	43
	 	 
	Section 2.1	Forms Generally	43
	Section 2.2	Form of Trustee’s Certificate of Authentication	44
	Section 2.3	Restrictive and Global Note Legends	44
	Section 2.4	Amount Unlimited	46
	Section 2.5	Denominations	46
	Section 2.6	Execution, Authentication and Delivery and Dating	46
	Section 2.7	Temporary Notes	47
	Section 2.8	Registrar and Paying Agent	47
	Section 2.9	Mutilated, Destroyed, Lost and Stolen Notes	48
	Section 2.10	Payment of Interest Rights Preserved	49
	Section 2.11	Persons Deemed Owners	50
	Section 2.12	Cancellation	50
	Section 2.13	Computation of Interest	50
	Section 2.14	CUSIP Numbers, ISINs, etc	50
	Section 2.15	Book-Entry Provisions for Global Notes	50
	Section 2.16	Special Transfer Provisions.	52
	Section 2.17	[Reserved]	54
	Section 2.18	Paying Agent to Hold Money in Trust	54
	Section 2.19	Lists of Holders of the Notes	54
	 	 	 
	Article III
	 
	Covenants	54
	 	 
	Section 3.1	Payment of Notes	54
	Section 3.2	Reports and Other Information	55
	Section 3.3	Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock	56
	Section 3.4	Limitation on Restricted Payments	63
	Section 3.5	Liens	68
	Section 3.6	Dividend and Other Payment Restrictions Affecting Subsidiaries	69
	Section 3.7	Asset Sales	71

 

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	Section 3.8	Transactions with Affiliates	75
	Section 3.9	Change of Control	78
	Section 3.10	Additional Guarantors	80
	Section 3.11	[Reserved]	80
	Section 3.12	Compliance Certificate; Statement by Officers as to Default	81
	Section 3.13	[Reserved]	81
	Section 3.14	Designation of Restricted and Unrestricted Subsidiaries	81
	Section 3.15	Covenant Suspension	82
	 	 	 
	Article IV
	 
	Merger; Consolidation or Sale of Assets	83
	 	 
	Section 4.1	When the Issuer May Merge or Otherwise Dispose of Assets	83
	 	 	 
	Article V
	 
	Redemption of Notes	85
	 	 
	Section 5.1	Applicability of Article	85
	Section 5.2	Right of Redemption	85
	Section 5.3	Election to Redeem; Notice to Trustee of Optional and Mandatory Redemptions	86
	Section 5.4	Notice of Redemption	86
	Section 5.5	Deposit of Redemption Price	87
	Section 5.6	Notes Payable on Redemption Date	87
	Section 5.7	Notes Redeemed in Part	88
	Section 5.8	Offer to Repurchase	88
	Section 5.9	Special Mandatory Redemption	89
	 	 	 
	Article VI
	 
	Defaults and Remedies	90
	 	 
	Section 6.1	Events of Default	90
	Section 6.2	Acceleration	92
	Section 6.3	Other Remedies	92
	Section 6.4	Waiver of Past Defaults	92
	Section 6.5	Control by Majority	92
	Section 6.6	Limitation on Suits	93
	Section 6.7	[Reserved]	93
	Section 6.8	Collection Suit by Trustee	93
	Section 6.9	Trustee May File Proofs of Claim	93
	Section 6.10	Priorities	94
	Section 6.11	Undertaking for Costs	94
	 	 	 
	Article VII
	 
	Trustee	94
	 	 
	Section 7.1	Duties of Trustee	94
	Section 7.2	Rights of Trustee	95

 

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	Section 7.3	Individual Rights of Trustee	97
	Section 7.4	Disclaimer	97
	Section 7.5	Notice of Defaults	97
	Section 7.6	Compensation and Indemnity	97
	Section 7.7	Replacement of Trustee	98
	Section 7.8	Successor Trustee by Merger	99
	Section 7.9	Eligibility; Disqualification	99
	Section 7.10	Limitation on Duty of Trustee	99
	 	 	 
	Article VIII
	 
	Discharge of Indenture; Defeasance	99
	 	 
	Section 8.1	Discharge of Liability on Securities; Defeasance	99
	Section 8.2	Conditions to Defeasance	101
	Section 8.3	Application of Trust Money	102
	Section 8.4	Repayment to the Issuer	102
	Section 8.5	Indemnity for U.S. Government Obligations	102
	Section 8.6	Reinstatement	102
	 	 	 
	Article IX
	 
	Amendments	103
	 	 
	Section 9.1	Without Consent of Holders	103
	Section 9.2	With Consent of Holders	104
	Section 9.3	Effect of Consents and Waivers	105
	Section 9.4	Notation on or Exchange of Notes	105
	Section 9.5	Trustee to Sign Amendments	105
	 	 	 
	Article X
	 
	Guarantees	106
	 	 
	Section 10.1	Guarantees	106
	Section 10.2	Limitation on Liability; Termination, Release and Discharge	107
	Section 10.3	Right of Contribution	109
	Section 10.4	No Subrogation	109
	 	 	 
	Article XI
	 
	INTENTIONALLY OMITTED	109
	 	 
	Article XII
	 
	Miscellaneous	109
	 	 
	Section 12.1	Notices	109
	Section 12.2	Certificate and Opinion as to Conditions Precedent	110
	Section 12.3	Statements Required in Certificate or Opinion	110
	Section 12.4	Rules by Trustee, Paying Agent and Registrar	111

 

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	Section 12.5	Days Other than Business Days	111
	Section 12.6	Governing Law; Jurisdiction	111
	Section 12.7	Waiver of Jury Trial	111
	Section 12.8	No Recourse Against Others	111
	Section 12.9	Successors	111
	Section 12.10	Multiple Originals; Electronic Signatures	111
	Section 12.11	Variable Provisions	112
	Section 12.12	Table of Contents; Headings	112
	Section 12.13	Force Majeure	112
	Section 12.14	USA Patriot Act	112
	Section 12.15	Communication by Holders with Other Holders	112
	Section 12.16	Severability	112
	 	 	 
	EXHIBITS	 
	 	 
	EXHIBIT A	Form of Note	 
	EXHIBIT B	Form of Certificate of Beneficial Ownership	 
	EXHIBIT C	Form of Regulation S Certificate	 

 

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INDENTURE, dated as of September 30,
2020, as amended or supplemented from time to time (this “Indenture”), among KBR, INC., a Delaware corporation,
the Subsidiary Guarantors from time to time parties hereto and CITIBANK, N.A., as trustee (in such capacity, the “Trustee”).

 

Recitals of the Issuer

 

WHEREAS, the Issuer has duly authorized
the creation of an issue of $250,000,000 aggregate principal amount of the Issuer’s 4.750% Senior Notes due 2028 (the “Initial
Notes” and unless otherwise specified, together with any Additional Notes issued pursuant to Sections 2.4, 2.7,
2.8, 2.9, 2.15(d), 2.15(e) or 5.7 hereunder, the “Notes”);

 

WHEREAS, the Guarantors have duly authorized
the guarantee, on a senior unsecured basis, of the full and punctual payment when due, whether at maturity, by acceleration or
otherwise, of all the Issuer’s obligations under this Indenture and the Notes, whether for payment of principal of, premium,
if any, or interest on the Notes, expenses, indemnification or otherwise; and

 

WHEREAS, the Issuer and Guarantors have
duly authorized the execution and delivery of this Indenture (as defined herein);

 

NOW, THEREFORE, each party hereto agrees
as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders (as defined herein) of the
Notes:

 

Article I

 

Definitions and Incorporation by Reference

 

Section 1.1      Definitions.

 

“Acquired Indebtedness”
means, with respect to any specified Person:

 

(1)         Indebtedness
of any other Person existing at the time such other Person is merged, amalgamated or consolidated with or into or became a Restricted
Subsidiary of such specified Person, whether or not such Indebtedness is Incurred in connection with, or in contemplation of, such
other Person merging, amalgamating or consolidating with or into, or becoming a Subsidiary of such specified Person; and

 

(2)         Indebtedness
secured by a Lien encumbering any asset acquired by such specified Person.

 

“Acquisition” means the
acquisition of Centauri Platform Holdings, LLC pursuant to the Acquisition Agreement.

 

“Acquisition Agreement”
means the Agreement and Plan of Merger, dated as of August 17, 2020, by and among KBR Wyle Services, LLC, Astrid Merger Sub,
LLC, Centauri Platform Holdings, LLC and Centauri ACP Holdings, LLC, in its capacity as representative for the equityholders described
therein.

 

“Additional Notes” means
notes issued under this Indenture in addition to the Initial Notes (other than notes issued pursuant to Section 2.7,
2.8, 2.9, 2.15(d), 2.15(e) or 5.7).

 

    

     

    

 

“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. “Control” (including, with correlative meanings, the terms “Controlling,”
 “Controlled by” and “under common Control with”), as used with respect to any Person, means
the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person,
whether through the ownership of voting securities, by agreement or otherwise.

 

“Applicable Premium”
means, with respect to any Note on any applicable Redemption Date, as calculated by the Issuer or on behalf of the Issuer by such
Person as the Issuer shall designate (and the Trustee shall have no duty to calculate or verify the calculations of the same),
the greater of:

 

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

 

(2)         the
excess, if any, of

 

(a)           the
present value at such Redemption Date calculated as of the date of the applicable redemption notice of (i) the redemption
price of such Note at September 30, 2023 (such redemption price being set forth in the table in Exhibit A hereto)
plus (ii) all required remaining scheduled interest payments due on the Note through September 30, 2023 (excluding accrued
but unpaid interest to (but not including) the redemption date), computed using a discount rate equal to the Treasury Rate plus
50 basis points; over

 

(b)           the
then outstanding principal amount of such Note.

 

The Issuer shall calculate the Applicable
Premium and the Trustee shall have no duty to confirm or verify any such calculation.

 

“Asset Sale” means:

 

(1)         the
sale, conveyance, transfer or other disposition (whether in a single transaction or a series of related transactions) of property
or assets (including by way of a Sale/Leaseback Transaction) of the Issuer or any Restricted Subsidiary; or

 

(2)         the
issuance or sale of Equity Interests (other than Preferred Stock of Restricted Subsidiaries issued in compliance with Section 3.3
and directors’ qualifying shares or shares or interests required to be held by foreign nationals or other third parties to
the extent required by applicable law) of any Restricted Subsidiary (other than to the Issuer or another Restricted Subsidiary)
(whether in a single transaction or a series of related transactions),

 

(each of the foregoing referred to in this
definition as a “disposition”), in each case, other than:

 

(a)         a
sale, exchange or other disposition of cash, Cash Equivalents or Investment Grade Securities, or of obsolete, damaged, unnecessary,
unsuitable, surplus or worn out equipment, or other assets, in the ordinary course of business, or dispositions of property no
longer used, useful or economically practicable to maintain in the conduct of the business of the Issuer and its Restricted Subsidiaries
(including allowing any registrations or any applications for registration of any intellectual property or other intellectual property
rights to lapse or become abandoned);

 

(b)         the
sale, conveyance, lease or other disposition of all or substantially all of the assets of the Issuer or any Guarantor in compliance
with Article IV or any disposition that constitutes a Change of Control;

 

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(c)         any
Restricted Payment that is permitted to be made, and is made, pursuant to Section 3.4 (including any transaction specifically
excluded from the definition of the term “Restricted Payments,” including pursuant to the exceptions contained in the
definition thereof and the parenthetical exclusion of such definition, and any Permitted Investment);

 

(d)         any
disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary, in a single transaction or series of
related transactions, with an aggregate Fair Market Value (on the date a legally binding commitment for such disposition was entered
into) of less than $50.0 million;

 

(e)         (i) any
transfer or other disposition of property or assets or issuance or sale of Equity Interests by a Restricted Subsidiary of the Issuer
to the Issuer or by the Issuer or a Restricted Subsidiary of the Issuer to a Restricted Subsidiary of the Issuer; (ii) dispositions
of shares of Equity Interests of any Subsidiary in order to qualify members of the Board of Directors or equivalent governing body
of any such Subsidiary if required by applicable Law; and (iii) dispositions by any Restricted Subsidiary of its Equity Interests
constituting directors’ qualifying shares or share or interests required to be held by foreign nationals or other third parties
to the extend required by applicable law;

 

(f)          the
creation of any Lien permitted under this Indenture;

 

(g)         any
issuance, sale, pledge or other disposition of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary;

 

(h)         the
sale, lease, assignment, license, sublicense or sublease of inventory, equipment, accounts receivable, notes receivable or other
current assets held for sale in the ordinary course of business or the conversion of accounts receivable to notes receivable or
dispositions or discounts of accounts receivable in connection with the collection or compromise thereof;

 

(i)          the
lease, assignment, license, sublicense or sublease of any real or personal property in the ordinary course of business or that
would not materially interfere with the required use of such property by the Issuer or its Restricted Subsidiaries;

 

(j)          a
sale or transfer of Receivables Assets, or participations therein, and related assets (i) to any Person in a Qualified Receivables
Factoring or (ii) to a Receivables Subsidiary in a Qualified Receivables Financing or in factoring or similar transactions;

 

(k)         a
transfer of Receivables Assets (or a fractional undivided interest therein) by a Receivables Subsidiary in a Qualified Receivables
Financing;

 

(l)          the
contemporaneous exchange, in the ordinary course of business, of property for property of a like kind, to the extent that the property
received in such exchange is of a Fair Market Value at least equivalent to the Fair Market Value of the property exchanged;

 

(m)        (i) non-exclusive
licenses, sublicenses or cross-licenses of intellectual property, other intellectual property rights or other general intangibles
and (ii) exclusive licenses, sublicenses or cross-licenses of intellectual property, other intellectual property rights or
other general intangibles in the ordinary course of business of the Issuer and its Restricted Subsidiaries;

 

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(n)         the
sale in a Sale/Leaseback Transaction of any property acquired after the Issue Date; provided that such sale is for at least
Fair Market Value;

 

(o)         the
surrender or waiver of obligations of trade creditors or customers or other contract rights that were incurred in the ordinary
course of business of the Issuer or any Restricted Subsidiary, including pursuant to any plan of reorganization or similar arrangement
upon the bankruptcy or insolvency of any trade creditor or customer or compromise, settlement, release or surrender of a contract,
tort or other litigation claim, arbitration or other disputes;

 

(p)         dispositions
arising from foreclosures, condemnations, eminent domain, seizure, nationalization or any similar action with respect to assets,
dispositions of property subject to casualty events;

 

(q)         (i) dispositions
of Investments (including Equity Interests) in joint ventures to the extent required by, or made pursuant to customary buy/sell
arrangements or rights of first refusal between, the joint venture parties set forth in joint venture arrangements and similar
binding arrangements and (ii) the transfer for fair value of property (including Equity Interests of Subsidiaries) to another
Person in connection with a joint venture arrangement with respect to the transferred property; provided that such transfer
is permitted under Section 3.4;

 

(r)          to
the extent allowable under Section 1031 of the Code, any exchange of like property (excluding any boot thereon) for use in
a Similar Business;

 

(s)         dispositions
of property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement
property or (ii) the proceeds of such Asset Sale are reasonably promptly applied to the purchase price of such replacement
property;

 

(t)         dispositions
by the Issuer or any Restricted Subsidiary of any Disqualified Stock (including any Permitted Convertible Indebtedness) to the
extent permitted by Section 3.3;

 

(u)         dispositions
by the Issuer or any Restricted Subsidiary of any Permitted Warrant Transaction substantially concurrently with any issuance or
sale of Permitted Convertible Indebtedness permitted hereunder; and

 

(v)         dispositions
by the Issuer and its Restricted Subsidiaries of assets that are necessary or advisable, in the good faith judgment of the Issuer,
in order to obtain the approval of any governmental authority to consummate or avoid the prohibition or other restrictions on the
consummation of any Asset Sale permitted under Section 3.7 or any Investment permitted under Section 3.4
or any Permitted Investment;

 

For the avoidance of doubt, the unwinding
of Swap Contracts or Permitted Bond Hedge Transactions shall not be deemed to constitute an Asset Sale.

 

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

 

“Board of Directors”
means as to any Person, the board of directors or managers, sole member or managing member, or other governing body, as applicable,
of such Person (or, if such Person is owned or managed by a single entity, the board of directors or managers, sole member or managing
member or other governing body of such entity) or any duly authorized committee thereof.

 

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“Business Day” means
a day other than a Saturday, Sunday or other day on which banking institutions are authorized or required by law to close in New
York City or, with respect to any payments to be made under this Indenture, the place of payment.

 

“Capital Stock” means:

 

(1)         in
the case of a corporation, corporate stock;

 

(2)         in
the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock;

 

(3)         in
the case of a partnership or limited liability company, partnership or membership interests (whether general or limited); and

 

(4)         any
other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions
of assets of, the issuing Person (it being understood and agreed, for the avoidance of doubt, that “cash-settled phantom
appreciation programs” in connection with employee benefits that do not require a dividend or distribution shall not constitute
Capital Stock).

 

“Capitalized Lease Obligation”
means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would
at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in
accordance with GAAP.

 

“Cash Equivalents” means:

 

(1)         U.S.
dollars, Canadian dollars, Japanese yen, pounds sterling, euros or the national currency of any participating member state of the
European Union (as it is constituted on the Issue Date) or Australian dollars and, with respect to any Foreign Subsidiaries, other
currencies held by such Foreign Subsidiary in the ordinary course of business;

 

(2)         securities
issued or directly guaranteed or insured by the government of the United States or any country that is a member of the European
Union (as it is constituted on the Issue Date) or any agency or instrumentality thereof in each case with maturities not exceeding
two years from the date of acquisition;

 

(3)         money
market deposits, certificates of deposit, time deposits and eurodollar time deposits with maturities of two years or less from
the date of acquisition, bankers’ acceptances, in each case with maturities not exceeding two years, and overnight bank deposits,
in each case with any lender under the Credit Agreement or any other commercial bank having capital and surplus in excess of $250.0 million
in the case of domestic banks or $100.0 million (or the dollar equivalent thereof) in the case of foreign banks;

 

(4)         repurchase
obligations for underlying securities of the types described in clauses (2) and (3) above and clause (6) below entered
into with any financial institution meeting the qualifications specified in clause (3) above or securities dealers of recognized
national standing;

 

(5)         commercial
paper or variable or fixed rate notes issued by a corporation or other Person (other than an Affiliate of the Issuer) rated at
least “P-2” or “A-2” or the equivalent thereof by either Moody’s or S&P (or reasonably equivalent
ratings of another internationally recognized ratings agency) and in each case maturing within two years after the date of acquisition,
and commercial paper or variable or fixed rate notes issued by or guaranteed by any lender under the Credit Agreement or any bank
holding company owning any such lender;

 

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(6)         readily
marketable direct obligations issued by any state, commonwealth or territory of the United States of America or any political subdivision
or taxing authority thereof having an Investment Grade Rating from either Moody’s or S&P (or reasonably equivalent ratings
of another internationally recognized ratings agency) in each case with maturities not exceeding two years from the date of acquisition;

 

(7)         Indebtedness
issued by Persons with a rating of “A” or higher from S&P or “A-2” or higher from Moody’s (or
reasonably equivalent ratings of another internationally recognized ratings agency) in each case with maturities not exceeding
two years from the date of acquisition, and securities of marketable short-term money market and similar highly liquid funds having
assets in excess of $250.0 million;

 

(8)         investment
funds investing at least 95.0% of their assets in investments of the types described in clauses (1) through (7) above
and (9) and (10) below;

 

(9)         Investments
with average maturities of 36 months or less from the date of acquisition in money market funds rated AAA- (or the equivalent thereof)
or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s (or reasonably equivalent ratings of another
internationally recognized ratings agency); and

 

(10)       in
the case of investments by any Foreign Subsidiary or investments made in a country outside the United States of America, other
investments of comparable tenor and credit quality to those described in the foregoing clauses (1) through (9) customarily
utilized in the countries where such Foreign Subsidiary is located or in which such investment is made.

 

Notwithstanding the foregoing, Cash Equivalents
shall include amounts denominated in currencies other than those set forth in clause (1) above; provided that such
amounts are converted into any currency listed in clause (1) as promptly as practicable and in any event within 10 Business
Days following the receipt of such amounts.

 

“Cash Management Services”
means any of the following (a) treasury services, (b) credit card, debit card, merchant card, purchasing card or stored
value card services (including, without limitation, the processing of payments and other administrative services with respect thereto),
(c) cash management services (including, without limitation, controlled disbursements, automated clearinghouse transactions,
return items, netting, overdrafts, zero balance arrangements, cash sweeps, depository, lockbox, stop payment, electronic funds
transfer, information reporting, temporary advances, wire transfer and interstate depository network services) and (d) other
banking products or services as may be requested by the Issuer or any Restricted Subsidiary (other than letters of credit and other
than loans and advances except indebtedness arising from services described in clauses (a) through (c) of this definition).

 

“Change of Control” means
an event or series of events by which any Person or two or more Persons acting in concert shall have acquired beneficial ownership
(within the meaning of Rule 13d-3 of the SEC under the Exchange Act), directly or indirectly, of Voting Stock of the Issuer
(or other securities convertible into or exchangeable for such Voting Stock) representing 50% or more of the combined voting power
of all Voting Stock of the Issuer (on a fully diluted basis).

 

“Clearstream” means Clearstream
Banking Société Anonyme.

 

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“Code” means the U.S.
Internal Revenue Code of 1986, as amended from time to time.

 

“Company Order” means
a written request or order signed in the name of the Issuer by any Officer of the Issuer.

 

“Consolidated EBITDA”
means of any Person for any period, Consolidated Net Income of such Person and its Restricted Subsidiaries for such period plus,
without duplication and, if applicable, except with respect to clause (9) of this definition, to the extent deducted in calculating
such Consolidated Net Income for such period, the sum of:

 

(1)         provisions
for taxes based on income (or similar taxes in lieu of income taxes), profits, capital (or equivalents), including federal, foreign,
state or local, franchise, excise and similar taxes and foreign withholding taxes of such Person paid or accrued during such period;

 

(2)         Consolidated
Interest Expense and, to the extent not reflected in such Consolidated Interest Expense, any net losses on hedging obligations
or other derivative instruments entered into for the purpose of hedging interest rate risk, amortization or write-off of debt discount
and debt issuance costs and commissions, premiums, discounts and other fees and charges associated with Indebtedness (including
Consolidated Interest Expense of, and purchase discount fees in respect of any Receivables Financing incurred by, such Person and
its Restricted Subsidiaries for that period);

 

(3)         depreciation
and amortization expense and impairment charges (including deferred financing fees, capitalized software expenditures, intangibles
(including goodwill), organization costs and amortization of unrecognized prior service costs and actuarial gains and losses related
to pensions and other post-employment benefits);

 

(4)         any
extraordinary, unusual or non-recurring expenses or losses (including losses on sales of assets outside of the ordinary course
of business, losses on sales of accounts receivable pursuant to a Receivables Financing, and restructuring and integration costs
or reserves, including any severance costs, costs associated with office and facility openings, closings and consolidations, relocation
costs and other non-recurring business optimization expenses);

 

(5)         any
other non-cash charges, expenses or losses (except to the extent such charges, expenses or losses represent an accrual of or reserve
for cash expenses in any future period or an amortization of a prepaid cash expense paid in a prior period);

 

(6)         stock-option
based and other equity-based compensation expenses;

 

(7)         transaction
costs, fees, losses and expenses (in each case whether or not any transaction is actually consummated) (including any other transactions
in connection therewith and any reorganization expenses, those relating to the transactions contemplated hereby, and those payable
in connection with the sale of Capital Stock, the incurrence of Indebtedness permitted by Section 3.3, transactions
permitted by Article IV, Asset Sales permitted by Section 3.7, or any Investment permitted by Section 3.4);

 

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(8)         the
amount of cost savings and other operating improvements and synergies projected by the Issuer in good faith to be realized as a
result of any acquisition or Asset Sale (including the termination or discontinuance of activities constituting such business)
of business entities or properties or assets, constituting a division or line of business of any business entity, division or line
of business that is the subject of any such acquisition or Asset Sale, or from any operational change taken or committed to be
taken during such period (in each case calculated on a Pro Forma Basis as though such cost savings and other operating improvements
and synergies had been realized on the first day of such period), net of the amount of actual benefits realized during such period
from such actions to the extent already included in the Consolidated Net Income for such period; provided that such cost
savings, operating improvements and synergies are reasonably anticipated to result from any action taken or expected to be taken
within 24 months following such acquisition, disposition or operational change;

 

(9)         cash
expenses relating to earn outs and similar obligations;

 

(10)       to
the extent covered by insurance and actually reimbursed (or the Issuer has determined that there exists reasonable evidence that
such amount will be reimbursed by the insurer and such amount is not denied by the applicable insurer in writing within 180 days
and is reimbursed within 365 days of the date of such evidence (with a deduction in any future calculation of Consolidated EBITDA
for any amount so added back to the extent not so reimbursed within such 365 day period)), any expenses with respect to liability
or casualty events or business interruption;

 

(11)       (i) any
losses or charges (and minus any gains) attributable to the early extinguishment of Indebtedness (and the termination of any associated
interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future
or option contracts and other similar agreements) and (ii) any write-offs or amortizations made in such period of deferred
financing costs and premiums paid or other expenses or charges incurred directly in connection with any early extinguishment of
Indebtedness; and

 

(12)       the
amount of any loss attributable to non-controlling interests;

 

minus, to the extent reflected as income or a gain in
the statement of such Consolidated Net Income for such period, the sum of:

 

(a)         any
extraordinary, unusual or non-recurring income or gains (including gains on the sales of assets outside of the ordinary course
of business); and

 

(b)         any
other non-cash income or gains (other than the accrual of revenue in the ordinary course), but excluding any such items (i) in
respect of which cash was received in a prior period or will be received in a future period or (ii) which represent the reversal
in such period of any accrual of, or reserve for, anticipated cash charges in any prior period where such accrual or reserve is
no longer required, all as determined on a consolidated basis;

 

provided that for purposes of calculating Consolidated
EBITDA of the Issuer and its Restricted Subsidiaries for any period, (A) the Consolidated EBITDA of any Person or properties
constituting a division or line of business of any business entity, division or line of business, in each case, acquired by the
Issuer or any of the Restricted Subsidiaries during such period and including any synergies, cost savings and other operating improvements
to the extent reasonably anticipated to result from any action taken or expected to be taken within 24 months following such acquisition,
disposition or operational change, or of any Subsidiary designated as a Restricted Subsidiary during such period, shall be included
on a Pro Forma Basis for such period (but assuming the consummation of such acquisition or such designation, as the case may be,
occurred on the first day of such period) and (B) the Consolidated EBITDA of any Person or properties constituting a division
or line of business of any business entity, division or line of business, in each case, disposed of by the Issuer or any of the
Restricted Subsidiaries during such period, or of any Subsidiary designated as an Unrestricted Subsidiary during such period, shall
be excluded for such period (assuming the consummation of such Asset Sale or such designation, as the case may be, occurred on
the first day of such period).

 

    8

     

    

 

Unless otherwise qualified, all references
to “Consolidated EBITDA” in this Indenture shall refer to Consolidated EBITDA of the Issuer.

 

“Consolidated Interest Expense”
means, of any Person for any period, (a) total cash interest expense (including that attributable to Capitalized Lease Obligations)
of such Person and its Restricted Subsidiaries for such period with respect to all outstanding Indebtedness of such Person and
its Restricted Subsidiaries, minus (b) the sum of (i) total cash interest income of such Person and its Restricted
Subsidiaries for such period (excluding any interest income earned on receivables due from clients), in each case determined in
accordance with GAAP plus (ii) any one time financing fees (to the extent included in such Person’s consolidated
interest expense for such period), including, with respect to the Issuer, those paid in connection with the initial issuance or
any amendment of any Indebtedness. Unless otherwise qualified, all references to “Consolidated Interest Expense” in
this Indenture shall refer to Consolidated Interest Expense of the Issuer.

 

“Consolidated Net Income”
means, of any Person for any period, the consolidated net income (or loss) of such Person and its Restricted Subsidiaries for such
period, determined on a consolidated basis in accordance with GAAP; provided that in calculating Consolidated Net Income
of the Issuer and its consolidated Restricted Subsidiaries for any period, there shall be excluded:

 

(1)         the
income (or loss) of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with
the Issuer or any of its Subsidiaries,

 

(2)         the
income (or loss) of any Person that is not a Restricted Subsidiary (including any income (or loss) from investments recorded in
such person under the equity method of accounting), except to the extent that any such income is actually received by the Issuer
or such Restricted Subsidiary in the form of dividends or similar distributions or other payments (which dividends and distributions
or other payments shall be included in the calculation of Consolidated Net Income),

 

(3)         solely
for purposes of determining the amount available for Restricted Payments under Section 3.4(a)(C)(1), any income (or
loss) of any Restricted Subsidiary (other than the Guarantors) if such Subsidiary is subject to restrictions, directly or indirectly,
on the payment of dividends or the making of distributions by such Restricted Subsidiary, directly or indirectly, to the Issuer
or a Guarantor by operation of the terms of such Restricted Subsidiary’s articles, charter or any agreement, instrument,
judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted Subsidiary or its stockholders
(other than (a) restrictions that have been waived or otherwise released (or such Person reasonably believes such restriction
could be waived or released and is using commercially reasonable efforts to pursue such waiver or release), (b) restrictions
pursuant to the Credit Agreement, the Notes, this Indenture or other similar indebtedness and (c) restrictions permitted under
Section 3.6), except that the Issuer’s equity in the net income of any such Restricted Subsidiary for such period
will be included in such Consolidated Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed (or
to the extent converted, or having the ability to be converted, into cash or Cash Equivalents) or that could have been distributed
by such Restricted Subsidiary during such period to the Issuer or another Restricted Subsidiary as a dividend or other distribution
(subject, in the case of a dividend to another Restricted Subsidiary, to the limitation contained in this clause),

 

    9

     

    

 

(4)         any
income (loss) for such period attributable to the early extinguishment of Indebtedness or Swap Contracts,

 

(5)         (x) any
gain or loss realized upon the sale, abandonment or other disposition of any asset of the Issuer or any Restricted Subsidiary (including
pursuant to any sale/leaseback transaction) that is not sold, abandoned or otherwise disposed of in the ordinary course of business
(as determined by the Issuer in good faith) and (y) any gain or loss realized upon the disposal, abandonment or discontinuation
of operations of the Issuer or any Restricted Subsidiary (but if such operations are classified as discontinued due to the fact
that they are subject to an agreement to dispose of such operations, only when and to the extent such operations are actually disposed
of),

 

(6)         any
extraordinary, unusual or nonrecurring gain, loss or charge (including fees, expenses and charges (or any amortization thereof)
associated with the Transactions or any acquisition, merger or consolidation, whether or not completed), any severance, relocation,
consolidation, closing, integration, facilities opening, business optimization, transition or restructuring costs, charges or expenses,
any signing, retention or completion bonuses, and any costs associated with curtailments or modifications to pension and post-retirement
employee benefit plans,

 

(7)         the
cumulative effect of a change in accounting principles,

 

(8)         any
unrealized gains or losses in respect of Swap Contracts,

 

(9)         any
unrealized foreign currency transaction gains or losses, including in respect of Indebtedness of any Person denominated in a currency
other than the functional currency of such Person,

 

(10)       any
non-cash compensation charge arising from any grant of limited liability company interests, stock, stock options or other equity
based awards,

 

(11)       to
the extent otherwise included in Consolidated Net Income, any unrealized foreign currency translation or transaction gains or losses,
including in respect of Indebtedness or other obligations of the Issuer or any Restricted Subsidiary owing to the Issuer or any
Restricted Subsidiary,

 

(12)       any
non-cash charge, expense or other impact attributable to application of the purchase or recapitalization method of accounting (including
the total amount of depreciation and amortization, cost of sales or other non-cash expense resulting from the write-up of assets
to the extent resulting from such purchase or recapitalization accounting adjustments), non-cash charges for deferred tax valuation
allowances and non-cash gains, losses, income and expenses resulting from fair value accounting required by the applicable standard
under GAAP,

 

(13)       any
impairment charge or asset write-off, including any charge or write-off related to intangible assets, long-lived assets or investments
in debt and equity securities, and any amortization of intangibles,

 

(14)       expenses
related to non-cash compensation related expenses,

 

    10

     

    

 

(15)       any
fees and expenses (or amortization thereof), and any charges or costs, in connection with any acquisition, Investment, Asset
Sale, issuance of Equity Interests, issuance, repayment or refinancing of Indebtedness, or amendment or modification of any agreement
or instrument relating to any Indebtedness (in each case, whether or not completed, and including any such transaction consummated
prior to the Issue Date),

 

(16)       to
the extent covered by insurance and actually reimbursed (or the Issuer has determined that there exists reasonable evidence that
such amount will be reimbursed by the insurer and such amount is not denied by the applicable insurer in writing within 180 days
and is reimbursed within 365 days of the date of such evidence (with a deduction in any future calculation of Consolidated Net
Income for any amount so added back to the extent not so reimbursed within such 365-day period)), any expenses with respect to
liability or casualty events or business interruption,

 

(17)       charges,
losses, lost profits, expenses or write-offs to the extent indemnified or insured by a third party, including expenses covered
by indemnification provisions in any agreement in connection with any acquisition permitted by Section 3.4, to the
extent actually reimbursed (or the Issuer has determined that there exists reasonable evidence that such amount will be indemnified
or reimbursed by the insurer or applicable third party and such amount is not denied by the applicable insurer or third party in
writing within 180 days and is indemnified or reimbursed within 365 days of the date of such evidence (with a deduction in any
future calculation of Consolidated Net Income for any amount so added back to the extent not so indemnified or reimbursed within
such 365-day period)), and

 

(18)       the
tax impact, if applicable, of the exclusion of any item pursuant to the foregoing clauses (1) through (17).

 

Unless otherwise qualified, all references
to “Consolidated Net Income” in this Indenture shall refer to Consolidated Net Income of the Issuer.

 

“Consolidated Senior Secured Net
Debt” means, as of any date of determination, (a) an amount equal to the sum of, without duplication, Consolidated
Total Net Debt (without regard to clause (b) of the definition thereof) and any Ratio Tested Committed Amount that, in each
case, is either (x) secured by a Lien (other than Liens consisting of property or assets held in defeasance or deposited in
trust for redemption, repayment, retirement, satisfaction, discharge or defeasance or similar arrangement for the benefit of the
indebtedness secured thereby) as of such date or (y) solely for purposes of calculating the amount of Indebtedness that can
be Incurred pursuant to Section 3.3(b)(i)(II) as of such date, Incurred pursuant to Section 3.3(b)(i)(II),
minus (b) the aggregate amount of Unrestricted Cash as of such date.

 

“Consolidated Senior Secured Net
Debt Ratio” means, as of any date of determination, the ratio of (a) Consolidated Senior Secured Net Debt as of
the date of determination to (b) Four Quarter EBITDA; provided that, for purposes of the foregoing calculation, in
the event that the Issuer shall classify Indebtedness that is secured by Liens on property or assets of the Issuer and its Restricted
Subsidiaries Incurred on the date of determination as Incurred (A) in part as Ratio Debt and/or pursuant to Section 3.3(b)(i)(II) or
Section 3.3(b)(xv) and (B) in part pursuant to one or more other clauses of Section 3.3(b) that
do not require compliance with a financial ratio or test (including the Consolidated Senior Secured Net Debt Ratio, the Consolidated
Total Net Debt Ratio and/or the Fixed Charge Coverage Ratio) (as provided in Section 3.3(c)(x)), any calculation of
Consolidated Senior Secured Net Debt pursuant to this definition on such date (but not in respect of any future calculation following
such date) shall not include any such Indebtedness (and shall not give effect to any repayment, repurchase, redemption, satisfaction
and discharge, defeasance or other acquisition, retirement or discharge of Consolidated Senior Secured Net Debt from the proceeds
thereof) to the extent Incurred pursuant to any such other clause of Section 3.3(b) specified in clause (B) above.

 

    11

     

    

 

“Consolidated Total Net Debt”
means, as of any date of determination, (a) the aggregate principal amount of Indebtedness of the Issuer and its Restricted
Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP (but excluding the effects of
any discounting of indebtedness resulting from the application of purchase accounting in connection with any acquisition or similar
Investment), consisting of Indebtedness for borrowed money, obligations in respect of all drawn and unreimbursed letters of credit,
Capitalized Lease Obligations, purchase money Indebtedness and debt obligations evidenced by promissory notes or similar instruments
and any Ratio Tested Committed Amount, minus (b) the aggregate amount of Unrestricted Cash as of such date; provided
that any Indebtedness incurred under any Receivables Financing shall be excluded for purposes of any debt ratio calculation.

 

“Consolidated Total Net Debt Ratio”
means, as of any date of determination, the ratio of (a) Consolidated Total Net Debt as of the date of determination to (b) Four
Quarter EBITDA.

 

“Contingent Obligations”
means, with respect to any Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do
not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”)
in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent:

 

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

 

(2)          to
advance or supply funds:

 

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

 

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

 

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

 

“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 Issuer or Holders pursuant to the procedures set forth in Section 12.1.

 

“Credit Agreement” means
(i) the Existing Credit Agreement, including any notes, mortgages, guarantees, collateral documents, instruments and agreements
executed in connection therewith, as amended, restated, supplemented, waived, renewed or otherwise modified from time to time,
and as replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid, refunded,
refinanced or otherwise modified from time to time, including any agreement or indenture or commercial paper facilities with banks
or other institutional lenders or investors extending the maturity thereof, refinancing, replacing or otherwise restructuring all
or any portion of the Indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement
agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity
thereof (provided that such increase in borrowings is permitted under Section 3.3) and (ii) whether or
not the Credit Agreement remains outstanding, if designated by the Issuer to be included in the definition of “Credit Agreement,”
one or more debt facilities, indentures or commercial paper facilities providing for revolving credit loans, term loans, notes,
debentures, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to
borrow from lenders against such receivables) or letters of credit.

 

    12

     

    

 

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

 

“Default” means any event
which is, or after notice or passage of time or both would be, an Event of Default.

 

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

 

“Designated Non-cash Consideration”
means non-cash consideration received by the Issuer or one of its Restricted Subsidiaries in connection with an Asset Sale that
is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, less the amount of cash or Cash
Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration.

 

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

 

“Disqualified Stock”
means, with respect to any Person, any Capital Stock of such Person that, by its terms (or by the terms of any security into which
it is convertible or for which it is redeemable or exchangeable), in each case, at the option of the holder thereof or upon the
happening of any event:

 

(1)         matures
or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than as a result of a change of control
or asset sale; provided that the relevant asset sale or change of control provisions, taken as a whole, are no more favorable
in any material respect to holders of such Capital Stock than the asset sale and change of control provisions applicable to the
Notes and any purchase requirement triggered thereby may not become operative until compliance with the asset sale and change of
control provisions applicable to the Notes (including the purchase of any Notes tendered pursuant thereto));

 

(2)         is
convertible or exchangeable for Indebtedness or Disqualified Stock; or

 

(3)         is
redeemable at the option of the holder thereof, in whole or in part;

 

in each case prior to the date that is 91 days after the earlier
of the maturity date of the Notes and 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 shall be deemed to be Disqualified Stock; provided, further,
however, that if such Capital Stock is issued to any employee or to any plan for the benefit of employees, officers, directors,
managers, consultants or independent contractors of the Issuer or its Subsidiaries or by any such plan to such employees, officers,
directors, managers, consultants or independent contractors such Capital Stock shall not constitute Disqualified Stock solely because
it may be required to be repurchased by the Issuer or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations
or as a result of such employee’s, officer’s, director’s, manager’s, consultant’s or independent
contractor’s termination, death or disability; provided, further, that any class of Capital Stock of such Person that
by its terms authorizes such Person to satisfy its obligations thereunder by delivery of Capital Stock that is not Disqualified
Stock shall not be deemed to be Disqualified Stock.

 

    13

     

    

 

“Domestic Subsidiary”
means any Subsidiary of the Issuer that is not (a) a Foreign Subsidiary or (b) a subsidiary that owns no material assets
other than equity interests in foreign subsidiaries that are “controlled foreign corporations.”

 

“Equity Interests” means
Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any Capital Stock that arises only
by reason of the happening of a contingency or any debt security that is convertible into, or exchangeable for, Capital Stock).

 

“Equity Offering” means
any public or private sale after the Issue Date of capital stock or Preferred Stock of the Issuer (other than Disqualified Stock),
other than:

 

(1)         public
offerings with respect to the Issuer’s common stock registered on Form S-4 or Form S-8 or successor form thereto;
and

 

(2)         issuances
to any Subsidiary of the Issuer.

 

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

 

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

 

“Existing Convertible Notes”
means the 2.50% Convertible Senior Notes due 2023 issued by the Issuer initially in an aggregate principal amount of $350.0 million.

 

“Existing Credit Agreement”
means the Syndicated Facility Agreement, dated as of April 25, 2018, among the Issuer, the Subsidiaries of the Issuer party
thereto, the financial institutions named therein and Bank of America, N.A., as administrative agent, as amended, restated, supplemented,
waived, renewed or otherwise modified from time to time.

 

“Factoring Transaction”
means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to
which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include
a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred
or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided
that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables
Subsidiary.”

 

“Fair Market Value” means,
with respect to any asset or property on any date of determination, the value of the consideration obtainable in a sale of such
asset or property in an arm’s-length transaction between a willing seller and a willing buyer (as determined in good faith
by the senior management or the Board of Directors of the Issuer, whose determination will be conclusive for all purposes under
this Indenture and the Notes).

 

“Fixed Charge Coverage Ratio”
means, as of the date of any determination, the ratio of (1) Four Quarter EBITDA to (2) Fixed Charges for such period
calculated on a Pro Forma Basis; provided that, in the event that the Issuer shall classify Indebtedness Incurred or Preferred
Stock or Disqualified Stock issued on the date of determination as Incurred or issued (A) in part as Ratio Debt and/or pursuant
to Section 3.3(b)(i)(II) or Section 3.3(b)(xv) and (B) in part pursuant to one or more clauses
of Section 3.3(b) that do not require compliance with a financial ratio or test (including the Consolidated Senior
Secured Net Debt Ratio, the Consolidated Total Net Debt Ratio and/or the Fixed Charge Coverage Ratio) (as provided in Section 3.3(c)(x)),
any calculation of Fixed Charges pursuant to this definition on such date (but not in respect of any future calculation following
such date) shall not include any such Indebtedness or Preferred Stock or Disqualified Stock issued (and shall not give effect to
any repayment, repurchase, redemption, defeasance or other acquisition, retirement or discharge of Indebtedness from the proceeds
thereof) to the extent Incurred pursuant to any such other clause of Section 3.3(b) specified in clause (B) above.

 

    14

     

    

 

“Fixed Charges” means,
for any period, the sum of:

 

(1)         Consolidated
Interest Expense of the Issuer and its Restricted Subsidiaries for such period, and

 

(2)         the
product of (a) all cash dividend payments (excluding items eliminated in consolidation) for such period on any series of Preferred
Stock or Disqualified Stock of the Issuer and its Restricted Subsidiaries held by Persons other than the Issuer or a Restricted
Subsidiary and (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined
federal, state and local statutory tax rate of the Issuer and its Restricted Subsidiaries, expressed as a decimal, in each case,
on a consolidated basis and in accordance with GAAP.

 

“Fixed GAAP Date” means
the Issue Date; provided that at any time after the Issue Date, the Issuer may by written notice to the Trustee elect to
change the Fixed GAAP Date to be the date specified in such notice, and upon such notice, the Fixed GAAP Date shall be such date
for all periods beginning on and after the date specified in such notice.

 

“Fixed GAAP Terms” means
(a) the definitions of the terms “Capitalized Lease Obligation,” “Consolidated EBITDA,” “Consolidated
Interest Expense,” “Consolidated Net Income,” “Consolidated Senior Secured Net Debt,” “Consolidated
Senior Secured Net Debt Ratio,” “Consolidated Total Net Debt,” “Consolidated Total Net Debt Ratio,”
 “Fixed Charge Coverage Ratio,” “Fixed Charges” and “Indebtedness,” (b) all defined terms
in this Indenture to the extent used in or relating to any of the foregoing definitions, and all ratios and computations based
on any of the foregoing definitions and (c) any other term or provision of this Indenture or the Notes that, at the Issuer’s
election, may be specified by the Issuer by written notice to the Trustee from time to time; provided that the Issuer may
elect to remove any term from constituting a Fixed GAAP Term.

 

“Foreign Subsidiary”
means any Subsidiary of the Issuer which is organized under the laws of a jurisdiction other than the United States or any state
thereof or the District of Columbia.

 

“Four Quarter EBITDA”
means, as of any date of determination, Consolidated EBITDA for the most recently ended four fiscal quarters for which internal
financial statements are available immediately preceding such date, calculated on a Pro Forma Basis.

 

“GAAP” means generally
accepted accounting principles in the United States of America as in effect on the Fixed GAAP Date (for purposes of the Fixed GAAP
Terms) and as in effect from time to time (for all other purposes of this Indenture), 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 (but excluding the policies, rules and regulations of the SEC applicable
only to public companies), and subject to the following sentence. The Issuer may at any time elect by written notice to the Trustee
to so use IFRS in lieu of GAAP for financial reporting purposes and, upon any such notice, references herein to GAAP shall thereafter
be construed to mean (a) for periods beginning on and after the date specified in such notice, IFRS as in effect on the
date specified in such notice (for purposes of the Fixed GAAP Terms) and as in effect from time to time (for all other purposes
of this Indenture) and (b) for prior periods, GAAP as defined in the first sentence of this definition. All ratios and computations
based on GAAP contained in this Indenture shall be computed in conformity with GAAP.

 

    15

     

    

 

“guarantee” means, as
to any Person, a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business),
direct or indirect, in any manner (including, without limitation, letters of credit and reimbursement agreements in respect thereof),
of all or any part of any Indebtedness or other obligations.

 

“Guarantee” means any
guarantee of the Obligations of the Issuer under this Indenture and the Notes by any Restricted Subsidiary of the Issuer in accordance
with the provisions of this Indenture.

 

“Guarantors” means, collectively,
each Subsidiary Guarantor; provided that upon the release or discharge of such Person from its Guarantee in accordance with
this Indenture, such Person shall immediately cease to be a Guarantor.

 

“Holder” or “Noteholder”
means the Person in whose name a Note is registered on the Note Registrar’s books.

 

“IFRS” means the International
Financial Reporting Standards as issued by the International Accounting Standards Board.

 

“Incur” means, with respect
to any Indebtedness, Capital Stock or Lien, to issue, assume, enter into any guarantee of, incur or otherwise become liable, for
such Indebtedness, Capital Stock or Lien, as applicable; and the terms “Incurs,” “Incurred,”
and “Incurrence” shall have a correlative meaning; provided that any Indebtedness, Capital Stock or Lien
of a Person existing at the time such Person becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition
or otherwise) shall be deemed to be Incurred by such Person at the time it becomes a Subsidiary.

 

“Indebtedness” means,
with respect to any Person, without duplication:

 

(1)         the
principal of any indebtedness of such Person, whether or not contingent, (a) in respect of borrowed money, (b) evidenced
by bonds, notes, debentures or similar instruments, (c) in respect of letters of credit or similar instruments (or, without
duplication, reimbursement agreements in respect thereof), (d) representing the deferred and unpaid purchase price of any
property (including Capitalized Lease Obligations), except (i) any such balance that constitutes a trade payable, accrued
expense or similar obligation to a trade creditor, in each case Incurred in the ordinary course of business and (ii) any earn-out
obligation until and unless the payment of which has been determined by such Person in good faith to be probable (in the amount
so determined), (e) obligations under or in respect of Receivables Financings, and (f) all obligations attributable to
Synthetic Leases related to tangible property;

 

(2)         to
the extent not otherwise included, any guarantee by such Person of the Indebtedness of another Person (other than by endorsement
of negotiable instruments for collection in the ordinary course of business); and

 

    16

     

    

 

(3)         to
the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset owned by 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 Person; provided, however, that such amount shall only apply for each of clauses (1)(a), (1)(b), (1)(d) and
(1)(f) above, if and to the extent any of the foregoing Indebtedness would appear as a liability on an unconsolidated balance
sheet of such Person prepared in accordance with GAAP (but excluding contingent liabilities which appear only in a footnote to
a balance sheet).

 

For the avoidance of doubt, and without
limitation of the foregoing, (x) the term “Indebtedness” shall not include any letter of credit that secured performance,
bonds that secure performance, surety bonds or similar instruments that are issued in the ordinary course of business, (y) neither
the obligations of the Issuer under any Permitted Warrant Transaction nor the obligations of the Issuer under any Permitted Bond
Hedge Transaction shall constitute Indebtedness and (z) Permitted Convertible Indebtedness shall at all times prior to the
repurchase, conversion or payment thereof be valued at the full stated principal amount thereof and shall not include any reduction
or appreciation in value of the shares and/or cash deliverable upon conversion thereof.

 

“Indenture” has the meaning
set forth in the preamble hereto.

 

“Independent Financial Advisor”
means an accounting, appraisal or investment banking firm or consultant, in each case of nationally recognized standing that is,
in the good faith determination of the Issuer, qualified to perform the task for which it has been engaged.

 

“Initial Notes” has the
meaning set forth in the recitals hereto.

 

“Interest Payment Date”
means, when used with respect to any Note and any installment of interest thereon, the date specified in such Note as the fixed
date on which such installment of interest is due and payable, as set forth in such Note.

 

“Investment Grade Rating”
means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an
equivalent rating by any other Rating Agency.

 

“Investment Grade Securities”
means:

 

(1)         securities
issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than
Cash Equivalents);

 

(2)         securities
that have an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the
Issuer and its Subsidiaries;

 

(3)         investments
in any fund that invests at least 95.0% of its assets in investments of the type described in clauses (1) and (2) above
and clause (4) below which fund may also hold immaterial amounts of cash pending investment and/or distribution; and

 

(4)         corresponding
instruments in countries other than the United States customarily utilized for high quality investments and in each case with maturities
not exceeding two years from the date of acquisition.

 

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“Investments” means,
with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of (a) loans
(including guarantees of Indebtedness), (b) advances or capital contributions (excluding accounts receivable, trade credit
and advances or other payments made to customers, dealers, suppliers and distributors and payroll, commission, travel and similar
advances to officers, directors, managers, employees, consultants and independent contractors made in the ordinary course of business),
and (c) purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by
any other Person. If the Issuer or any Restricted Subsidiary sells or otherwise disposes of any Equity Interests of any Restricted
Subsidiary, or any Restricted Subsidiary issues any Equity Interests, in either case, such that, after giving effect to any such
sale or disposition, such Person is no longer a Subsidiary of the Issuer, the Issuer shall be deemed to have made an Investment
on the date of any such sale or other disposition equal to the Fair Market Value of the Equity Interests of and all other Investments
in such Restricted Subsidiary retained. In no event shall a guarantee of an operating lease of the Issuer or any Restricted Subsidiary
be deemed an Investment. For purposes of the definition of “Unrestricted Subsidiary” and Section 3.4:

 

(1)            “Investments”
shall include the portion (proportionate to the Issuer’s equity interest in such Subsidiary) of the Fair Market Value of
the net assets of a Subsidiary of the Issuer at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided,
however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Issuer shall be deemed to continue
to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to:

 

(a)            the
Issuer’s “Investment” in such Subsidiary at the time of such redesignation less

 

(b)            the
portion (proportionate to the Issuer’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of
such Subsidiary at the time of such redesignation; and

 

(2)             any
property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the time of such transfer.

 

The amount of any Investment outstanding
at any time (including for purposes of calculating the amount of any Investment outstanding at any time under Section 3.4,
and otherwise determining compliance with Section 3.4) shall be the original cost of such Investment (determined, in
the case of any Investment made with assets of the Issuer or any Restricted Subsidiary, based on the Fair Market Value of the assets
invested and without taking into account subsequent increases or decreases in value), reduced by any dividend, distribution, interest
payment, return of capital, repayment or other amount received in cash by the Issuer or a Restricted Subsidiary in respect of such
Investment, and in the case of an Investment in any Person, shall be net of any Investment by such Person in the Issuer or any
Restricted Subsidiary.

 

“Issue Date” means the
date on which the Initial Notes are originally issued.

 

“Issuer” means KBR, Inc.,
and any successor in interest thereto.

 

“Lien” means, with respect
to any asset, any mortgage, lien, pledge, hypothecation, charge, security interest, preference, priority 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, or any option or other agreement to sell); provided
that in no event shall an operating lease or an agreement to sell be deemed to constitute a Lien.

 

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“Limited Condition Transaction”
means any (x) acquisition by one or more of the Issuer and its Restricted Subsidiaries of any assets, business or Person,
or any other Investment permitted by this Indenture, or similar transactions (whether by merger, acquisition, consolidation or
other business contribution or the acquisition of Equity Interests or otherwise), whose consummation is not conditioned on the
availability of, or on obtaining, third-party financing or commitments therefor, and (y) repayment, repurchase or refinancing
of Indebtedness with respect to which a notice of repayment (or similar notice), which may be conditional, has been delivered.

 

“Moody’s” means
Moody’s Investors Service, Inc., or any successor to the rating agency business thereof.

 

“Net Cash Proceeds” means
the aggregate cash proceeds (using the Fair Market Value of any Cash Equivalents) received by the Issuer or any of its Restricted
Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received in respect of or upon the sale or other
disposition of any Designated Non-cash Consideration received in any Asset Sale and any cash payments received by way of deferred
payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, and including any
proceeds received as a result of unwinding any related Swap Contracts in connection with such transaction but excluding the assumption
by the acquiring Person of Indebtedness relating to the disposed assets or other consideration received in any other non-cash form),
net of the cash costs relating to such Asset Sale and the sale or disposition of such Designated Non-cash Consideration (including,
without limitation, legal, accounting and investment banking fees, and brokerage and sales commissions), and any relocation expenses
incurred as a result thereof, taxes paid or payable as a result thereof (after taking into account any available tax credits or
deductions and any tax sharing arrangements related thereto), amounts required to be applied to the repayment of principal, premium
(if any) and interest on Indebtedness required (other than pursuant to Section 3.7(b)) to be paid as a result of such
transaction, any costs associated with unwinding any related Swap Contracts in connection with such transaction and any deduction
of appropriate amounts to be provided by the Issuer or any of its Restricted Subsidiaries as a reserve in accordance with GAAP
against any liabilities associated with the asset disposed of in such transaction and retained by the Issuer or any of its Restricted
Subsidiaries after such sale or other disposition thereof, including, without limitation, pension and other post-employment benefit
liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction.

 

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

 

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

 

“Notes” has the meaning
set forth in the recitals hereto.

 

“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.

 

“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 documentation with respect thereto, whether or not such interest is an allowed claim
under applicable state, U.S. federal or foreign law), premium, penalties, fees, indemnifications, reimbursements (including, without
limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities
payable under the documentation governing any Indebtedness; provided that Obligations with respect to the Notes shall not
include fees or indemnification in favor of other third parties other than the Trustee and the Holders.

 

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“Offering Memorandum”
means the offering memorandum related to the offering of Initial Notes, dated September 16, 2020.

 

“Officer” means, with
respect to any Person, the Chairman of the Board, Chief Executive Officer, Chief Financial Officer, President, any Executive Vice
President, Senior Vice President or Vice President, the Treasurer or the Secretary (or any person serving the equivalent function
of any of the foregoing) of such Person (or the general partner, managing member or sole member of such Person) or any individual
designated as an “Officer” for purposes of this Indenture by the Board of Directors of such Person (or the general
partner, managing member or sole member of such Person).

 

“Officer’s Certificate”
means a certificate signed on behalf of the Issuer by an Officer of the Issuer that meets the requirements set forth in this Indenture.

 

“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 Issuer.

 

“Outstanding” or “outstanding,”
when used with respect to Notes means, as of the date of determination, all Notes theretofore authenticated and delivered under
this Indenture, except:

 

(i)               Notes
theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;

 

(ii)              Notes
for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent
in trust for the Holders of such Notes, provided that, if such Notes are to be redeemed, notice of such redemption has been
duly given pursuant to this Indenture or provision therefor reasonably satisfactory to the Trustee has been made; and

 

(iii)             Notes
in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Indenture.

 

A Note does not cease to be Outstanding
because the Issuer or any Affiliate of the Issuer holds the Note; provided that in determining whether the Holders of the
requisite amount of Outstanding Notes have given any request, demand, authorization, direction, notice, consent or waiver hereunder
(other than in respect of any such action pursuant to Section 9.2(b), which requires the consent of each Holder of
an affected Note), Notes owned by the Issuer or any Affiliate of the Issuer 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 request, demand, authorization,
direction, notice, consent or waiver, only Notes which a Responsible Officer actually knows are so owned shall be so disregarded.
Notes so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the reasonable
satisfaction of the Trustee the pledgee’s right to act with respect to such Notes and that the pledgee is not the Issuer
or an Affiliate of the Issuer.

 

“Pari Passu Indebtedness”
means any Indebtedness of the Issuer or any Restricted Subsidiary other than Subordinated Indebtedness.

 

“Paying Agent” means
any Person authorized by the Issuer to pay the principal of (and premium, if any) or interest on any Notes on behalf of the Issuer.
The Trustee will initially act as Paying Agent for the Notes.

 

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“Permitted Bond Hedge Transaction”
means any call or capped call option (or substantively equivalent derivative transaction) relating to the Issuer’s common
stock (or other securities or property following a merger event, reclassification or other change of the common stock of the Issuer)
purchased by the Issuer in connection with the issuance of any Permitted Convertible Indebtedness and settled in common stock of
the Issuer (or such other securities or property), cash or a combination thereof (such amount of cash determined by reference to
the price of the Issuer’s common stock or such other securities or property), and cash in lieu of fractional shares of common
stock of the Issuer; provided that the terms, conditions and covenants of each such transaction shall be such as are customary
for transactions of such type (as determined by the Board of Directors of the Issuer, or a committee thereof, in good faith).

 

“Permitted Convertible Indebtedness”
means senior, unsecured Indebtedness of the Issuer or any Restricted Subsidiary that is convertible into shares of common stock
of the Issuer (or other securities or property following a merger event, reclassification or other change of the common stock of
the Issuer), cash or a combination thereof (such amount of cash determined by reference to the price of the Issuer’s common
stock or such other securities or property), and cash in lieu of fractional shares of common stock of the Issuer, including, but
not limited to, the Existing Convertible Notes.

 

“Permitted Investments”
means:

 

(1)              any
Investment in cash and Cash Equivalents or Investment Grade Securities and Investments that were Cash Equivalents or Investment
Grade Securities when made;

 

(2)              any
Investment in the Issuer (including the Notes) or any Restricted Subsidiary;

 

(3)              any
Investment by the Issuer or any Restricted Subsidiary of the Issuer in the Issuer or any other Restricted Subsidiary of the Issuer;

 

(4)              any
Investment by the Issuer or any Restricted Subsidiary of the Issuer in a Person that is primarily engaged in a Similar Business
if as a result of such Investment (a) such Person becomes a Restricted Subsidiary of the Issuer, or (b) such Person,
in one transaction or a series of related transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys
all or substantially all of its assets to, or is liquidated into, the Issuer or a Restricted Subsidiary of the Issuer (and any
Investment held by such Person that was not acquired by such Person in contemplation of so becoming a Restricted Subsidiary or
in contemplation of such merger, consolidation, amalgamation, transfer, conveyance or liquidation);

 

(5)              any
Investment in securities or other assets (including promissory notes and non-cash consideration) received in connection with an
Asset Sale made pursuant to Section 3.7 or any other disposition of assets not constituting an Asset Sale;

 

(6)              any
Investment (x) existing on the Issue Date, (y) made pursuant to binding commitments in effect on the Issue Date or (z) that
modifies, replaces, refinances, refunds, renews or extends any Investment described under either of the immediately preceding clauses
(x) and (y); provided that any such Investment is in an amount that does not exceed the amount modified, replaced,
refinanced, refunded, renewed or extended, except as contemplated pursuant to the terms of such Investment in existence on the
Issue Date or as otherwise permitted under this definition or Section 3.4;

 

(7)              loans
and advances to, or guarantees of Indebtedness of, employees, directors, officers, managers, consultants or independent contractors
in the ordinary course of business, in an aggregate amount, taken together with all other Investments made pursuant to this clause
(7) that are at the time outstanding, not to exceed $10.0 million;

 

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(8)              loans
and advances to officers, directors, employees, managers, consultants and independent contractors for business-related travel and
entertainment expenses, moving and relocation expenses and other similar expenses, in each case in the ordinary course of business;

 

(9)            any
Investment (x) acquired by the Issuer or any of its Restricted Subsidiaries (a) in exchange for any other Investment
or accounts receivable held by the Issuer or any such Restricted Subsidiary in connection with or as a result of a bankruptcy,
workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable, or (b) as a result
of a foreclosure or other remedial action by the Issuer or any of its Restricted Subsidiaries with respect to any Investment or
other transfer of title with respect to any Investment in default and (y) received in compromise or resolution of (a) obligations
of trade creditors or customers that were incurred in the ordinary course of business of the Issuer or any Restricted Subsidiary,
including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor
or customer, or (b) litigation, arbitration or other disputes;

 

(10)            Swap
Contracts and Cash Management Services permitted under Section 3.3(b)(x);

 

(11)            Investments
consisting of any bid, performance or similar project related bonds, parent company performance guarantees, bank performance guaranties
or surety bonds or performance letters of credit, together with any payment thereunder;

 

(12)            additional
Investments by the Issuer or any of its Restricted Subsidiaries in an aggregate amount, taken together with all other Investments
made pursuant to this clause (12) that are at the time outstanding, not to exceed the greater of (x) $150.0 million
and (y) 3.0% of Total Assets; provided, however, that if any Investment pursuant to this clause (12) is
made in any Person that is not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes a Restricted
Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (2) above and
shall cease to have been made pursuant to this clause (12);

 

(13)            any
transaction to the extent it constitutes an Investment that is permitted and made in accordance with the provisions of Section 3.8(c) (except
transactions described in clause (ii), (iii), (iv), (xi) or (xii) of Section 3.8(c));

 

(14)            Investments
the payment for which consists of Equity Interests of the Issuer; provided, however, that such Equity Interests will
not increase the amount available for Restricted Payments under Section 3.4(a)(C);

 

(15)            Investments
consisting of the leasing, licensing, sublicensing or contribution of intellectual property pursuant to joint marketing arrangements
with other Persons;

 

(16)            Investments
consisting of purchases or acquisitions of inventory, supplies, materials and equipment or purchases, acquisitions, licenses, sublicenses,
leases or subleases of intellectual property, other assets or other rights, in each case in the ordinary course of business;

 

(17)            any
Investment in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person in connection with a Qualified
Receivables Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such
Qualified Receivables Financing or any related Indebtedness;

 

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(18)            Investments
of a Restricted Subsidiary of the Issuer acquired after the Issue Date or of an entity merged or amalgamated into or consolidated
with a Restricted Subsidiary of the Issuer in a transaction that is not prohibited by Article IV after the Issue Date
to the extent that such Investments were not made in contemplation of such acquisition, merger, amalgamation or consolidation and
were in existence on the date of such acquisition, merger, amalgamation or consolidation;

 

(19)            repurchases
of the Notes;

 

(20)            guarantees
of Indebtedness permitted to be Incurred under Section 3.3 and Obligations relating to such Indebtedness, and guarantees
in the ordinary course of business;

 

(21)            advances,
loans or extensions of trade credit in the ordinary course of business by the Issuer or any of the Restricted Subsidiaries;

 

(22)            Investments
consisting of purchases and acquisitions of assets or services in the ordinary course of business;

 

(23)            Investments
in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection or deposit
and Uniform Commercial Code Article 4 customary trade arrangements with customers;

 

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

 

(25)            accounts
receivable, security deposits and prepayments and other credits granted or made in the ordinary course of business and any Investments
received in satisfaction or partial satisfaction thereof from financially troubled account debtors and others, including in connection
with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with or judgments against, such account
debtors and others, in each case in the ordinary course of business;

 

(26)            Investments
acquired as a result of a foreclosure by the Issuer or any Restricted Subsidiary with respect to any secured Investments or other
transfer of title with respect to any secured Investment in default;

 

(27)            Investments
resulting from pledges and deposits that are Permitted Liens;

 

(28)            acquisitions
of obligations of one or more directors, officers or other employees or consultants of the Issuer, or any Subsidiary of the Issuer
in connection with such director’s, officer’s, employee’s or consultant’s acquisition of Equity Interests
of the Issuer, so long as no cash is actually advanced by the Issuer or any Restricted Subsidiary to any such director, officer,
employee or consultant in connection with the acquisition of any such obligations;

 

    23

     

    

 

(29)            guarantees
of operating leases (for the avoidance of doubt, excluding Capitalized Lease Obligations) or of other obligations that do not constitute
Indebtedness, in each case, entered into by the Issuer or any Restricted Subsidiary in the ordinary course of business;

 

(30)            Investments
consisting of the redemption, purchase, repurchase or retirement of any Equity Interests permitted by Section 3.4;

 

(31)            Investments
consisting of guarantees in the ordinary course of business to support the obligations of any Restricted Subsidiary under its worker’s
compensation and general insurance agreements;

 

(32)            Investments
resulting from the forgiveness or conversion to Equity Interests of any Indebtedness permitted pursuant to Section 3.3;

 

(33)            the
purchase of any Permitted Bond Hedge Transaction by the Issuer and the performance of its obligations thereunder;

 

(34)            Investments
held to meet obligations of the Issuer and its Restricted Subsidiaries to pay benefits under non-qualified retirement and deferred
compensation plans maintained for the benefit of employees in the ordinary course of its business and consistent with past practice
or ordinary course industry norms;

 

(35)            any
Investment by the Issuer or any of its Restricted Subsidiaries in a Similar Business in an aggregate amount, taken together with
all other Investments made pursuant to this clause (35) that are at the time outstanding, not to exceed the greater of (x) $250.0
million and (y) 5.0% of Total Assets; provided, however, that if any Investment pursuant to this clause (35) is made in any
Person that is not a Restricted Subsidiary of the Issuer at the date of the making of such Investment and such Person becomes a
Restricted Subsidiary of the Issuer after such date, such Investment shall thereafter be deemed to have been made pursuant to clause
(2) above and shall cease to have been made pursuant to this clause (35);

 

(36)            Investments
in joint ventures of the Issuer or any of its Restricted Subsidiaries in an aggregate amount, taken together with all other Investments
made pursuant to this clause (36) that are at the time outstanding, not to exceed the greater of (i) $100.0 million and (ii) 2.0%
of Total Assets; provided, however, that if any Investment pursuant to this clause (36) is made in any joint venture that is not
a Restricted Subsidiary at the date of the making of such Investment and such joint venture becomes a Restricted Subsidiary after
such date, such Investment shall thereafter be deemed to have been made pursuant to clause (2) above and shall cease to have
been made pursuant to this clause (36); and

 

(37)            intercompany
current liabilities owed to Unrestricted Subsidiaries or joint ventures incurred in the ordinary course of business in connection
with the cash management operations of the Issuer and its Subsidiaries.

 

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

 

(1)              Liens
Incurred in connection with workers’ compensation laws, unemployment insurance laws or similar legislation or other social
security legislation, or in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases or
subleases to which such Person is a party, or to secure public or statutory obligations of such Person or to secure surety, judgment,
stay, customs or appeal bonds or other obligations of a like nature to which such Person is a party, or as security for contested
taxes or import duties or for the payment of rent, in each case Incurred in the ordinary course of business;

 

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(2)              Liens
imposed by law, such as carriers’, warehousemen’s, landlords’, materialmen’s, repairmen’s, construction
contractors’, mechanics’ or other similar Liens, in each case for sums not yet overdue by more than 60 days or being
contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect
to which such Person shall then be proceeding with an appeal or other proceedings for review (or which, if due and payable, are
being contested in good faith by appropriate proceedings and for which adequate reserves are being maintained, to the extent required
by GAAP (or, for Foreign Subsidiaries, in conformity with generally accepted accounting principles that are applicable in their
respective jurisdiction of organization));

 

(3)              Liens
for taxes, assessments or other governmental charges or levies (i) which are not yet overdue by more than 60 days or (ii) which
are being contested in good faith by appropriate proceedings and for which adequate reserves are being maintained to the extent
required by GAAP (or, for Foreign Subsidiaries, in conformity with generally accepted accounting principles that are applicable
in their respective jurisdiction of organization), or for property taxes on property such Person or one of its Subsidiaries has
determined to abandon if the sole recourse for such tax, assessment, charge, levy or claim is to such property;

 

(4)              Liens
in favor of issuers of performance and surety bonds, bid, indemnity, warranty, release, judgment, appeal or similar bonds or with
respect to regulatory requirements or letters of credit or bankers’ acceptances issued and completion guarantees provided
for, in each case, pursuant to the request of and for the account of such Person in the ordinary course of its business;

 

(5)              survey
exceptions, encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights-of-way, servitudes,
sewers, electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines 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 which do not in the aggregate materially adversely interfere with the ordinary
conduct of the business of such Person;

 

(6)              Liens
Incurred to secure Obligations in respect of Indebtedness permitted to be Incurred pursuant to clause (i), (iv), (v), (xix)(x),
(xx), (xxiii), (xxviii) or (xxxii) of Section 3.3(b) and, solely in respect of Refinancing Indebtedness
of Obligations in respect of Indebtedness Incurred (or unutilized commitments in respect of Indebtedness) pursuant to Section 3.3(b)(i)(II) or
any successive Refinancing of such Indebtedness, Section 3.3(b)(xiv) and, in each case, obligations secured ratably
thereunder; provided that, (x) in the case of Section 3.3(b)(iv), such Lien extends only to the assets
and/or Capital Stock, the acquisition, lease, construction, repair, replacement or improvement of which is financed thereby and
any replacements, additions, accessions and improvements thereto and any income, profits or proceeds thereof (collectively, the
 “Improvements”); and (y) in the case of Section 3.3(b)(xx) and Section 3.3(b)(xxiii),
such Lien does not extend to the property or assets (or income or profits therefrom) of any Restricted Subsidiary other than a
Non-Guarantor Subsidiary or joint venture, as the case may be;

 

(7)              Liens
of the Issuer or any of its Restricted Subsidiaries existing on the Issue Date (other than Liens Incurred to secure Indebtedness
under the Credit Agreement);

 

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(8)              Liens
on assets of, or Equity Interests in, a Person at the time such Person becomes a Subsidiary; provided, however, that
such Liens are not created or Incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary;
provided, further, that such Liens are limited to all or part of the same property or assets (plus Improvements on
such property or assets) that secured (or, under the written arrangements under which the Liens arose, could secure) the obligations
to which such Liens relate; provided, further, that for purposes of this clause (8), if a Person other than the Issuer
is the Successor Company with respect thereto, any Subsidiary thereof shall be deemed to become a Subsidiary of the Issuer, and
any property or assets of such Person or any such Subsidiary shall be deemed acquired by the Issuer or a Restricted Subsidiary,
as the case may be, when such Person becomes such Successor Company;

 

(9)              Liens
on assets at the time the Issuer or a Restricted Subsidiary of the Issuer acquired the assets, including any acquisition by means
of a merger, amalgamation or consolidation with or into the Issuer or any Restricted Subsidiary of the Issuer; provided,
however, that such Liens are not created or Incurred in connection with, or in contemplation of, such acquisition; provided,
further, that such Liens are limited to all or part of the same property or assets (plus Improvements on such property or
assets) that secured (or, under the written arrangements under which the Liens arose, could secure) the obligations to which such
Liens relate; provided, further, that for purposes of this clause (9), if a Person other than the Issuer is the Successor
Company with respect thereto, any Subsidiary thereof shall be deemed to become a Subsidiary of the Issuer, and any property or
assets of such Person or any such Subsidiary shall be deemed acquired by the Issuer or a Restricted Subsidiary, as the case may
be, when such Person becomes such Successor Company;

 

(10)            Liens
securing Indebtedness or other obligations of the Issuer or a Restricted Subsidiary owing to the Issuer or another Restricted Subsidiary
of the Issuer permitted to be Incurred in accordance with Section 3.3 and Liens on property of any Restricted Subsidiary
that is a Non-Guarantor Subsidiary securing Indebtedness in respect of any Non-Guarantor Subsidiary;

 

(11)            Liens
securing Swap Contracts Incurred in compliance with Section 3.3;

 

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

 

(13)            leases,
subleases, licenses, sublicenses, occupancy agreements or assignments of or in respect of real or personal property;

 

(14)            Liens
arising from, or from Uniform Commercial Code financing statement filings regarding, leases or consignments entered into by the
Issuer and its Restricted Subsidiaries in the ordinary course of business;

 

(15)            Liens
in favor of the Issuer or any Restricted Subsidiary;

 

(16)            (i) Liens
on Receivables Assets Incurred in connection with a Qualified Receivables Factoring or a Qualified Receivables Financing permitted
by Section 3.3(b)(xxii) and (ii) Liens securing Indebtedness or other obligations of any Receivables Subsidiary;

 

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(17)            (i) deposits
made or other security provided in the ordinary course of business to secure liability to insurance carriers or under self-insurance
arrangements in respect of such obligations and (ii) liens on insurance policies and the proceeds thereof securing the financing
of the premiums with respect thereto;

 

(18)            (i) Liens
on Equity Interests in and assets of a Foreign Subsidiary (to the extent such Equity Interests are owned by a Subsidiary who is
not a Restricted Subsidiary) securing Indebtedness or other obligations of such Foreign Subsidiary permitted by Section 3.3(b)(xxiii) and
(ii) Liens on Equity Interests of an Unrestricted Subsidiary securing Indebtedness of such Unrestricted Subsidiary;

 

(19)            grants
of intellectual property, software and other technology licenses that do not materially detract from or interfere with the Issuer’s
use of such assets;

 

(20)            judgment
and attachment Liens not giving rise to an Event of Default pursuant to Section 6.1(vii) and notices of lis
pendens and associated rights related to litigation being contested in good faith by appropriate proceedings and for which
adequate reserves have been made;

 

(21)            Liens
arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into in the
ordinary course of business;

 

(22)            Liens
Incurred to secure Cash Management Services and other “bank products” (including those described in Section 3.3(b)(x));

 

(23)            Liens
to secure any Refinancing (or successive Refinancings) as a whole, or in part, of any Indebtedness secured by any Lien referred
to in clauses (7), (8), (9) and (11) of this definition; provided, however, that (x) such new Lien
shall be limited to all or part of the same property or assets that secured (or, under the written arrangements under which the
original Lien arose, could secure) the original Lien (plus Improvements on such property or assets), and (y) the Indebtedness
secured by such Lien at such time is not increased to any amount greater than the sum of (A) the outstanding principal amount
or, if greater, committed amount of the Indebtedness described under clauses (7), (8), (9) and (11) of this definition
at the time the original Lien became a Permitted Lien under this Indenture, and (B) an amount necessary to pay the Related
Costs in connection therewith, related to such Refinancing;

 

(24)            other
Liens securing obligations the principal amount of which does not exceed the greater of (x) $150.0 million and (y) 3.0%
of Total Assets, at any one time outstanding;

 

(25)            Liens
(i) on the Equity Interests or assets of a joint venture to secure Indebtedness of such joint venture permitted to be Incurred
pursuant to Section 3.3, (ii) consisting of customary rights of first refusal and tag, drag and similar rights
in joint venture agreements and agreements with respect to non-Wholly-Owned Subsidiaries or (iii) consisting of any encumbrance
or restriction (including put and call arrangements) in favor of a joint venture party with respect to Equity Interests of, or
assets owned by, any joint venture or similar arrangement pursuant to any joint venture or similar agreement;

 

(26)            Liens
on equipment of the Issuer or any Restricted Subsidiary of the Issuer granted in the ordinary course of business to the Issuer’s
or such Restricted Subsidiary’s client at which such equipment is located;

 

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(27)            Liens
created for the benefit of (or to secure) all of the Notes or the Guarantees;

 

(28)            Liens
on property or assets used to redeem, defease or to satisfy and discharge Indebtedness; provided that such redemption, defeasance
or satisfaction and discharge is not prohibited by this Indenture;

 

(29)            Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation and exportation of goods;

 

(30)            Liens
(i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code, or any comparable or successor provision,
on items in the course of collection; (ii) attaching to pooling, commodity trading accounts or other commodity brokerage accounts
Incurred in the ordinary course of business; and (iii) in favor of banking or other financial institutions or entities, or
electronic payment service providers, arising as a matter of law encumbering deposits (including the right of set-off) and which
are within the general parameters customary in the banking or finance industry;

 

(31)            Liens
that are contractual rights of set-off (i) relating to the establishment of depository relations with banks or other Persons
not given in connection with the issuance of Indebtedness; (ii) relating to pooled deposit or sweep accounts of the Issuer
or any Restricted Subsidiary to permit satisfaction of overdraft or similar obligations Incurred in the ordinary course of business
of the Issuer and its Restricted Subsidiaries; or (iii) relating to purchase orders and other agreements entered into with
customers of the Issuer or any of its Restricted Subsidiaries in the ordinary course of business;

 

(32)            any
encumbrance or restriction (including put and call arrangements) with respect to capital stock of any joint venture or similar
arrangement pursuant to any joint venture or similar agreement;

 

(33)            Liens
on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

 

(34)            Liens
on vehicles or equipment of the Issuer or any of the Restricted Subsidiaries granted in the ordinary course of business;

 

(35)            Liens
arising solely by virtue of any statutory or common law provision or customary business provision relating to banker’s liens,
rights of set-off or similar rights;

 

(36)            Liens
(i) solely on cash advances and any cash earnest money deposits made by the Issuer or any Restricted Subsidiary in connection
with any letter of intent or other agreement in respect of any Permitted Investment or Investment permitted pursuant to Section 3.4,
(ii) on cash in escrows established for an adjustment in purchase price or liabilities or indemnities for dispositions or
an acquisition of property or other Investment, to the extent the relevant disposition, acquisition or Investment is in respect
of any Permitted Investment or permitted pursuant to Section 3.4;

 

(37)            the
prior rights of consignees and their lenders under consignment arrangements entered into in the ordinary course of business;

 

(38)            Liens
on securities that are the subject of repurchase agreements constituting Cash Equivalents or Investment Grade Securities;

 

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(39)            Liens
encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts
or other brokerage accounts Incurred in the ordinary course of business and not for speculative purposes;

 

(40)            rights
reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Issuer or any of its
Restricted Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require
annual or periodic payments as a condition to the continuance thereof;

 

(41)            restrictive
covenants affecting the use to which real property may be put; provided that the covenants are complied with;

 

(42)            security
given to a public utility or any municipality or governmental authority when required by such utility or authority in connection
with the operations of that Person in the ordinary course of business;

 

(43)            zoning
by-laws and other land use restrictions, including, without limitation, site plan agreements, development agreements and contract
zoning agreements;

 

(44)            receipt
of progress payments and advances from customers in the ordinary course of business to the extent same creates a Lien on the related
inventory and proceeds thereof;

 

(45)            Liens
deemed to exist in connection with Investments permitted by clause (1) of the definition of “Permitted Liens”
that constitute repurchase obligations;

 

(46)            Liens
securing obligations in respect of trade-related letters of credit permitted under the covenant described under Section 3.3
and covering the goods (or the documents of title in respect of such goods) financed by such letters of credit and the proceeds
and products thereof;

 

(47)            Liens
arising by virtue of the rendition, entry or issuance against the Issuer or any of its Subsidiaries, or any property of the Issuer
or any of its Subsidiaries, of any judgment, writ, order or decree to the extent the rendition, entry, issuance or continued existence
of such judgment, writ, order or decree (or any event or circumstance relating thereto) has not resulted in the occurrence of an
Event of Default hereunder;

 

(48)            Liens
in favor of U.S. governmental authorities on deposit accounts in connection with auctions conducted on behalf of such governmental
authorities in the ordinary course of business; provided that such Liens apply only to the amounts actually obtained from
auctions conducted on behalf of such governmental authorities;

 

(49)            Liens
on cash and Cash Equivalents consisting of proceeds of Indebtedness permitted hereunder issued by the Issuer or a Subsidiary under
any indenture or similar debt instrument, pursuant to customary escrow arrangements that require the release of such cash and Cash
Equivalents within 120 days after the date that such escrow is established and funded, provided that such Liens extend solely
to the account in which such cash and Cash Equivalents are deposited and are solely in favor of the holders of such Indebtedness
(or any agent or trustee for such Person or Persons);

 

(50)            Liens
on cash and Cash Equivalents that are earmarked to be used to satisfy, defease or discharge Indebtedness; provided that (w) such
cash and Cash Equivalents are deposited into an account from which payment is to be made, directly or indirectly, to the Person
or Persons holding the Indebtedness that is to be satisfied, defeased or discharged, (x) such Liens extend solely to the account
in which such cash and Cash Equivalents are deposited and are solely in favor of the Person or Persons holding the Indebtedness
(or any agent or trustee for such Person or Persons) that is to be satisfied, defeased or discharged and (y) the satisfaction,
defeasance or discharge of such Indebtedness is permitted hereunder;

 

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(51)            Liens
on the Investments permitted by clause (31) of the definition of “Permitted Investments” securing the obligations described
therein;

 

(52)            Liens
in favor of a trustee or agent in an indenture or similar document relating to any Indebtedness to the extent such Liens secure
only customary compensation and reimbursement obligations of such trustee or agent;

 

(53)            any
Lien for the purposes of Section 12(3) of the Personal Property Securities Act (PPSA) of Australia that does not secure
payment or performance of an obligation;

 

(54)            Liens
in connection with sales of receivables in connection with energy service company projects; and

 

(55)            Liens
on cash proceeds of Indebtedness (and on the related escrow accounts) in connection with the issuance of such Indebtedness into
(and pending the release from) a customary escrow arrangement, to the extent such Indebtedness is Incurred in compliance with Section 3.4.

 

For purposes of determining compliance with
this definition, (v) a Lien need not be Incurred solely by reference to one category of Permitted Liens described in this
definition but may be Incurred under any combination of such categories (including in part under one such category and in part
under any other such category), (w) in the event that a Lien (or any portion thereof) meets the criteria of one or more of
such categories of Permitted Liens, the Issuer shall, in its sole discretion, classify or reclassify such Lien (or any portion
thereof) in any manner that complies with this definition, (x) the principal amount of Indebtedness secured by a Lien outstanding
under any category of “Permitted Liens” shall be determined after giving effect to the application of proceeds of any
such Indebtedness to refinance any such other Indebtedness, (y) if any Liens securing Indebtedness are Incurred to Refinance
Liens securing Indebtedness initially Incurred (or, Lien securing Indebtedness Incurred to Refinance Liens securing Indebtedness
initially Incurred) in reliance on a category of “Permitted Liens” measured by reference to a percentage of Total Assets
or Four Quarter EBITDA at the time of Incurrence, and such Refinancing would cause the percentage of Total Assets or Four Quarter
EBITDA restriction to be exceeded if calculated based on the Total Assets or Four Quarter EBITDA on the date of such Refinancing,
such percentage of Total Assets or Four Quarter EBITDA restriction shall not be deemed to be exceeded (and such newly Incurred
Liens shall be deemed permitted) to the extent the principal amount of such Indebtedness secured by such newly Incurred Liens does
not exceed the principal amount of such Indebtedness secured by such Liens being Refinanced, plus the Related Costs Incurred or
payable in connection with such Refinancing and (z) if any Liens securing Indebtedness are Incurred to Refinance Liens securing
Indebtedness initially Incurred (or, Liens securing Indebtedness Incurred to Refinance Liens securing Indebtedness initially Incurred)
in reliance on a category of “Permitted Liens” measured by reference to a fixed dollar amount, such fixed dollar amount
shall not be deemed to be exceeded (and such newly Incurred Liens shall be deemed permitted) to the extent the principal amount
of such Indebtedness secured by such newly Incurred Liens does not exceed the principal amount of such Indebtedness secured by
such Liens being Refinanced, plus the Related Costs Incurred or payable in connection with such Refinancing.

 

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“Permitted Warrant Transaction”
means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) relating to the Issuer’s
common stock (or other securities or property following a merger event, reclassification or other change of the common stock of
the Issuer) sold by the Issuer substantially concurrently with any purchase by the Issuer of a Permitted Bond Hedge Transaction
and settled in common stock of the Issuer (or such other securities or property), cash or a combination thereof (such amount of
cash determined by reference to the price of the Issuer’s common stock or such other securities or property), and cash in
lieu of fractional shares of common stock of the Issuer; provided that the terms, conditions and covenants of each such
transaction shall be such as are customary for transactions of such type (as determined by the Board of Directors of the Issuer,
or a committee thereof, in good faith).

 

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

 

“Place of Payment” means
a city or any political subdivision thereof in which any Paying Agent appointed pursuant to Article II is located.

 

“Post-Acquisition Period”
means, with respect to any Specified Transaction, the period beginning on the date such Specified Transaction is consummated and
ending on the last day of the 18th month immediately following the date on which such Specified Transaction is consummated.

 

“Predecessor Notes” of
any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular
Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 2.9 in lieu of a
mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen
Note.

 

“Preferred Stock” means
any Equity Interest with preferential right of payment of dividends or upon liquidation, dissolution or winding up.

 

“Pro Forma Adjustment”
means, for any four fiscal quarter period of the Issuer that includes all or any part of a fiscal quarter included in any Post-Acquisition
Period with respect to the Consolidated EBITDA of the applicable Pro Forma Entity or the Consolidated EBITDA of the Issuer, the
pro forma increase or decrease in such Consolidated EBITDA projected by the Issuer in good faith as a result of (a) actions
taken, prior to or during such Post-Acquisition Period, for the purposes of realizing reasonably identifiable and factually supportable
cost savings and synergies, or (b) any additional costs incurred prior to or during such Post-Acquisition Period in connection
with the combination of the operations of such Pro Forma Entity with the operations of the Issuer and the Restricted Subsidiaries;
provided that so long as such actions are taken prior to or during such Post-Acquisition Period or such costs are incurred
prior to or during such Post-Acquisition Period it may be assumed, for the purposes of projecting such pro forma increase or decrease
to such Consolidated EBITDA, that such cost savings and synergies will be realizable during the entirety of such four fiscal quarter
period, or such additional costs will be Incurred during the entirety of such four fiscal quarter period; provided, further,
that any such pro forma increase or decrease to such Consolidated EBITDA shall be without duplication for cost savings, synergies
or additional costs already included in such Consolidated EBITDA for such four fiscal quarter period.

 

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“Pro Forma Basis,” and
 “Pro Forma Effect” means, for purposes of the calculation of any test, financial ratio, basket or covenant under
this Indenture (including the Consolidated Senior Secured Net Debt Ratio, the Consolidated Total Net Debt Ratio and the Fixed Charge
Coverage Ratio and the calculation of Four Quarter EBITDA) as of any date, that pro forma effect will be given to each Specified
Transaction that has occurred during the four consecutive fiscal quarter period being used to calculate such test, financial ratio,
basket or covenant (the “Reference Period”), and/or subsequent to the end of the Reference Period but no later
than the date of such calculation; provided that “Pro Forma Basis” and “Pro Forma Effect” in respect
of any Specified Transaction shall be calculated in good faith in a reasonable manner in accordance with the terms of this Indenture;
provided, further, that the foregoing pro forma adjustments may be applied to any such test or covenant solely to the extent
that such adjustments are (i) (x) reasonably identifiable and (y) factually supportable or (ii) otherwise consistent
with the definition of the terms “Pro Forma Adjustment” and “Consolidated EBITDA.” For purposes of making
any computation referred to in the preceding sentence, each Specified Transaction and the following transactions in connection
therewith (to the extent applicable) shall be deemed to have occurred as of the first day of the Reference Period: (a) historical
income statement items (whether positive or negative) attributable to the property or Person, if any, subject to such Specified
Transaction, (i) in the case of a disposition of all or substantially all Equity Interests in any Restricted Subsidiary of
the Issuer or any division, product line, or facility used for operations of the Issuer or any of its Restricted Subsidiaries or
a designation of a Subsidiary as an Unrestricted Subsidiary, shall be excluded, and (ii) in the case of a purchase or other
acquisition of all or substantially all of the property and assets or business of any Person, or of assets constituting a business
unit, a line of business or division of such Person, or of all or substantially all of the Equity Interests in a Person or a designation
of a Subsidiary as a Restricted Subsidiary, shall be included, (b) any repayment, repurchase, retirement, redemption, satisfaction,
and discharge or defeasance of Indebtedness, Disqualified Stock or Preferred Stock, and (c) any Indebtedness Incurred or assumed
by the Issuer or any of its Restricted Subsidiaries in connection therewith and if such Indebtedness has a floating or formula
rate, shall have an implied rate of interest for the applicable period for purposes of this definition determined by utilizing
the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination (taking into
account any hedging obligations applicable to such Indebtedness if such hedging obligation has a remaining term in excess of 12
months).

 

“Pro Forma Entity” means,
for any period, any Person, property, business or asset (other than any Unrestricted Subsidiary) acquired by the Issuer or any
Restricted Subsidiary during such period, including pursuant to a transaction consummated prior to the Issue Date, to the extent
not subsequently sold, transferred or otherwise disposed of, and any Unrestricted Subsidiary that is converted into a Restricted
Subsidiary during such period.

 

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

 

“Qualified Receivables Factoring”
means any Factoring Transaction that meets the following conditions:

 

(1)              such
Factoring Transaction is non-recourse to, and does not obligate, the Issuer or any Restricted Subsidiary, or their respective properties
or assets (other than Receivables Assets) in any way other than pursuant to Standard Securitization Undertakings;

 

(2)              all
sales, conveyances, assignments or contributions of Receivables Assets by the Issuer or any Restricted Subsidiary are made at Fair
Market Value in the context of a Factoring Transaction (as determined in good faith by the Issuer or any direct or indirect parent
of the Issuer); and

 

(3)              such
Factoring Transaction (including financing terms, covenants, termination events (if any) and other provisions thereof) is on market
terms at the time such Factoring Transaction is first entered into (as determined in good faith by the Issuer or any direct or
indirect parent of the Issuer) and may include Standard Securitization Undertakings.

 

The grant of a security interest in any
accounts receivable of the Issuer or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) to secure any Credit
Agreement shall not be deemed a Qualified Receivables Factoring.

 

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“Qualified Receivables Financing”
means any Receivables Financing of a Receivables Subsidiary that meets the following conditions:

 

(1)              the
Board of Directors of the Issuer shall have determined in good faith that such Qualified Receivables Financing (including financing
terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Issuer and
its Restricted Subsidiaries;

 

(2)              all
sales conveyances, assignments or contributions of Receivables Assets by the Issuer or any Restricted Subsidiary to the Receivables
Subsidiary are made at Fair Market Value (as determined in good faith by the Issuer); and

 

(3)              the
financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith
by the Issuer) and may include Standard Securitization Undertakings.

 

The grant of a security interest in any
accounts receivable of the Issuer or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) to secure any Credit
Agreement shall not be deemed a Qualified Receivables Financing.

 

“Rating Agency” means
(1) each of Moody’s and S&P and (2) if Moody’s or S&P ceases to rate the Notes for reasons outside
of the Issuer’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3
under the Exchange Act selected by the Issuer as a replacement agency for Moody’s or S&P, as the case may be.

 

“Receivables Assets”
means accounts receivable (whether now existing or arising in the future) of the Issuer or any of its Subsidiaries, and any assets
related thereto including, without limitation, all collateral securing such accounts receivable, all contracts and all guarantees
or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets which are customarily
transferred or in respect of which security interests are customarily granted in connection with asset securitization or factoring
transactions involving accounts receivable and any Swap Contracts entered into by the Issuer or any such Subsidiary in connection
with such accounts receivable.

 

“Receivables Financing”
means any transaction or series of transactions that may be entered into by the Issuer or any of its Subsidiaries pursuant to which
the Issuer or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Subsidiary (in the case
of a transfer by the Issuer or any of its Subsidiaries), and (b) any other Person (in the case of a transfer by a Receivables
Subsidiary), or may grant a security interest in, any Receivables Assets.

 

“Receivables Repurchase Obligation”
means (i) any obligation of a seller of receivables in a Qualified Receivables Factoring or Qualified Receivables Financing
to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as
a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind
as a result of any action taken by, any failure to take action by or any other event relating to the seller or (ii) any right
of a seller of receivables in a Qualified Receivables Factoring or Qualified Receivables Financing to repurchase defaulted receivables
for the purposes of claiming sales tax bad debt relief.

 

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“Receivables Subsidiary”
means a Wholly Owned Restricted Subsidiary of the Issuer (or another Person formed for the purposes of engaging in a Qualified
Receivables Financing with the Issuer in which the Issuer or any Subsidiary of the Issuer makes an Investment and to which the
Issuer or any Subsidiary of the Issuer transfers Receivables Assets) which engages in no activities other than in connection with
the financing of Receivables Assets of the Issuer and its Subsidiaries, all proceeds thereof and all rights (contractual or other),
collateral and other assets relating thereto, and any business or activities incidental or related to such business, and which
is designated by the Board of Directors of the Issuer (as provided below) as a Receivables Subsidiary and:

 

(1)              no
portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Issuer or
any other Subsidiary of the Issuer (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness)
pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Issuer or any other Subsidiary of
the Issuer in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects any property or asset
of the Issuer or any other Subsidiary of the Issuer, directly or indirectly, contingently or otherwise, to the satisfaction thereof,
other than pursuant to Standard Securitization Undertakings;

 

(2)              with
which neither the Issuer nor any other Subsidiary of the Issuer has any material contract, agreement, arrangement or understanding
other than on terms which the Issuer reasonably believes to be no less favorable to the Issuer or such Subsidiary than those that
might be obtained at the time from Persons that are not Affiliates of the Issuer; and

 

(3)              to
which neither the Issuer nor any other Subsidiary of the Issuer has any obligation to maintain or preserve such entity’s
financial condition or cause such entity to achieve certain levels of operating results.

 

Any such designation by the Board of Directors
of the Issuer shall be evidenced to the Trustee by filing with the Trustee a certified copy of the resolution of the Board of Directors
of the Issuer giving effect to such designation and an Officer’s Certificate certifying that such designation complied with
the foregoing conditions.

 

“Redemption Price” means
the “redemption price” as such term is deemed in Exhibit A hereto.

 

“Refinance” means to
extend, renew, refund, refinance, replace, repay, prepay, redeem, repurchase, retire, defease or discharge, and “Refinancing,”
 “Refinances” and “Refinanced” shall have correlative meanings.

 

“Regular Record Date”
means the “Regular Record Date” as such term is defined in Exhibit A hereto.

 

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

 

“Regulation S Certificate”
means a certificate substantially in the form attached hereto as Exhibit C hereto.

 

“Related Business Assets”
means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received
by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary will not be
deemed to be Related Business Assets if they consist of securities of a Person, unless such Person is, or upon receipt of the securities
of such Person, such Person would become, a Restricted Subsidiary.

 

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“Related Costs” means
the aggregate amount of any fees, underwriting discounts, accrued and unpaid interest, premiums (including tender premiums), defeasance
costs and other costs, fees, discounts and expenses.

 

“Replacement Assets”
means (1) substantially all the assets of a Person primarily engaged in a Similar Business or (2) a majority of the Voting
Stock of any Person primarily engaged in a Similar Business that will become, on the date of acquisition thereof, a Restricted
Subsidiary.

 

“Responsible Officer,”
when used with respect to the Trustee, means any officer within the corporate trust office 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, and also means, with respect
to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity
with the particular subject, in each case, having direct responsibility for the administration of this Indenture or the Notes.

 

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

 

“Restricted Period” means,
in relation to the Initial Notes, the 40 consecutive days beginning on and including the later of (A) the day on which the
Initial Notes are offered to persons other than distributors (as defined in Regulation S under the Securities Act) and (B) the
Issue Date; and, in relation to any Additional Notes that bear the Private Placement Legend, it means the comparable period of
40 consecutive days.

 

“Restricted Subsidiary”
means any Subsidiary of a Person other than an Unrestricted Subsidiary of such Person. Unless otherwise indicated in this Indenture,
all references to Restricted Subsidiaries shall mean Restricted Subsidiaries of the Issuer.

 

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

 

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

 

“S&P” means Standard &
Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, or any successor to the rating
agency business thereof.

 

“Sale/Leaseback Transaction”
means an arrangement relating to property now owned or hereafter acquired by the Issuer or a Restricted Subsidiary whereby the
Issuer or a Restricted Subsidiary transfers such property to a Person and the Issuer or such Restricted Subsidiary leases it from
such Person, other than leases between the Issuer and a Restricted Subsidiary of the Issuer or between Restricted Subsidiaries
of the Issuer.

 

“SEC” means the Securities
and Exchange Commission.

 

“Secured Indebtedness”
means any Indebtedness secured by a Lien.

 

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

 

“Significant Subsidiary”
means any Restricted Subsidiary that would be a “significant subsidiary” of the Issuer within the meaning of Rule 1-02
under Regulation S-X promulgated by the SEC.

 

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“Similar Business” means
any business engaged or proposed to be engaged in by the Issuer or any of its Restricted Subsidiaries on the Issue Date and any
business or other activities that are similar, ancillary, complementary, incidental or related to, or an extension, development
or expansion of, the businesses in which the Issuer and its Restricted Subsidiaries are engaged on the Issue Date.

 

“Special Record Date”
for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 2.10.

 

“Specified Transaction”
means any Incurrence or repayment, repurchase, redemption, satisfaction and discharge, defeasance or other acquisition, retirement
or discharge of Indebtedness (excluding Indebtedness Incurred for working capital purposes other than pursuant to the Credit Agreement)
or Disqualified Stock or Preferred Stock, any Investment that results in a Person becoming a Subsidiary, any designation of a Subsidiary
as a Restricted Subsidiary or an Unrestricted Subsidiary, any acquisition or any Asset Sale or other disposition that results in
a Restricted Subsidiary ceasing to be a Subsidiary of the Issuer, any investment constituting an acquisition of assets constituting
a business unit, line of business or division of another Person by the Issuer or a Restricted Subsidiary, any disposition of a
business unit, line of business or division of the Issuer or a Restricted Subsidiary, the cessation of the operations of a business
unit, line of business or division of the Issuer or a Restricted Subsidiary, in each case whether by merger, consolidation, amalgamation
or otherwise or any operational change or any material restructuring of the Issuer or implementation of initiative or other event
that by the terms of this Indenture requires “Pro Forma Compliance” with a test or covenant thereunder or requires
or permits a test or covenant to be calculated on a “Pro Forma Basis” or to be given “Pro Forma Effect.”
 “Specified Transaction” shall also include any Investment or Asset Sale made by any Person that subsequently became
a Restricted Subsidiary or was merged with or into the Issuer or any of its Restricted Subsidiaries since the beginning of any
applicable Reference Period.

 

“Standard Securitization Undertakings”
means representations, warranties, covenants, indemnities and guarantees of performance entered into by the Issuer or any Subsidiary
of the Issuer which the Issuer has determined in good faith to be customary in a Factoring Transaction or a Receivables Financing
including, without limitation, those relating to the servicing of the assets of a Receivables Subsidiary, it being understood that
any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking.

 

“Stated Maturity” means,
with respect to any security, the date specified in 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 excluding any provision providing
for the repurchase of such security at the option of the holder thereof upon the happening of any contingency unless such contingency
has occurred).

 

“Subordinated Indebtedness”
means (a) with respect to the Issuer, any Indebtedness of the Issuer which is by its terms expressly subordinated in right
of payment to the Notes, and (b) with respect to any Guarantor, any Indebtedness of such Guarantor which is by its terms expressly
subordinated in right of payment to its Guarantee.

 

“Subsidiary” means, with
respect to any Person (1) any corporation, association or other business entity (other than a partnership, joint venture,
limited liability company or similar entity) of which more than 50.0% of the total voting power of the Voting Stock is at the time
of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person
or a combination thereof and (2) any partnership, joint venture, limited liability company or similar entity of which (x) more
than 50.0% of the capital accounts, distribution rights, total equity and voting interests or general and limited partnership interests,
as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that
Person or a combination thereof, whether in the form of membership, general, special or limited partnership interests or otherwise,
and (y) such Person or any Restricted Subsidiary of such Person is a controlling general partner or otherwise controls such
entity.

 

    36

     

    

 

“Subsidiary Guarantor”
means each Restricted Subsidiary of the Issuer that executes this Indenture as a Guarantor on the Issue Date and each other Restricted
Subsidiary of the Issuer that Incurs a Guarantee of the Notes; provided that upon the release or discharge of such Person
from its Guarantee in accordance with this Indenture, such Person automatically ceases to be a Guarantor.

 

“Swap Contract” means
(a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign
exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate
swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any
master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms
and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement, including any obligations or liabilities under
any such master agreement.

 

“Synthetic Lease” means,
as to any Person, any lease (including leases that may be terminated by the lessee at any time) of any property (whether real,
personal or mixed) (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee
retains or obtains ownership of the property so leased for U.S. Federal income tax purposes, other than any such lease under which
such Person is the lessor.

 

“TIA” means the Trust
Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect on the Issue Date.

 

“Total Assets” means
the total assets of the Issuer and its Restricted Subsidiaries, as shown on the consolidated balance sheet of the Issuer as of
the most recently completed fiscal quarter.

 

“Transactions” means,
collectively, any or all of the following: (i) the consummation of the transactions contemplated by the Acquisition Agreement,
(ii) the entry into this Indenture, and related documents and the offer and issuance of the Notes, (iii) the repayment
of revolving loans under the Existing Credit Agreement and (iv) all other transactions relating to any of the foregoing (including
payment of fees and expenses related to any of the foregoing).

 

“Treasury Rate” means,
with respect to a Redemption Date, the weekly average 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 that has become
publicly available at least two Business Days prior to the date of the applicable redemption notice (or, if such Statistical Release
is no longer published, any publicly available source of similar market data)) most nearly equal to the period from such Redemption
Date to September 30, 2023, provided, however, that if the period from such Redemption Date to September 30,
2023 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 September 30,
2023 to such Redemption Date is less than one year, the weekly average yield on actually traded United States Treasury securities
adjusted to a constant maturity of one year shall be used.

 

    37

     

    

  

“Trustee” means the respective
party named as such in this Indenture until a successor replaces it and, thereafter, means the successor.

 

“Unrestricted Cash” means,
as at any date of determination, the aggregate amount of cash, Cash Equivalents and Investment Grade Securities included in the
cash accounts that would be listed on the consolidated balance sheet of the Issuer as at such date, to the extent such cash, Cash
Equivalents and Investment Grade Securities are not classified as “restricted” (unless so classified solely because
of any provision under the Credit Agreement or any other agreement or instrument governing other Indebtedness that is subject to
an intercreditor agreement governing the application thereof or because they are subject to a Lien securing the obligations under
the Credit Agreement or other Indebtedness that is subject to an intercreditor agreement).

 

“Unrestricted Subsidiary”
means:

 

(1)              any
Subsidiary of the Issuer that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors
of the Issuer in the manner provided below; and

 

(2)              any
Subsidiary of an Unrestricted Subsidiary.

 

The Board of Directors of the Issuer may
designate any Subsidiary of the Issuer (including any existing Subsidiary and any newly acquired or newly formed Subsidiary of
the Issuer but excluding the Issuer) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any
Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, the Issuer or any other Subsidiary of the Issuer
that is not a Subsidiary of the Subsidiary to be so designated; provided, however, that the Subsidiary to be so designated
and its Subsidiaries do not at the time of designation have any Indebtedness pursuant to which the lender or investor has recourse
to any of the assets of the Issuer or any of its Restricted Subsidiaries; provided, further, however, that
either:

 

(a)              the
Subsidiary to be so designated has total consolidated assets of $1,000 or less; or

 

(b)              if
such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under the covenant described
in Section 3.4.

 

The Board of Directors of the Issuer may
designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however, that immediately after giving
effect to such designation and any related transactions:

 

(x)            (1)          the
Issuer could Incur $1.00 of additional Indebtedness as Ratio Debt; or

 

   (2)         the
Fixed Charge Coverage Ratio would be equal to or greater than such ratio immediately prior to such designation; and

 

(y)              no
Event of Default shall have occurred and be continuing.

 

Any such designation by the Board of Directors
of the Issuer shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the resolution of the Board of Directors
of the Issuer giving effect to such designation and an Officer’s Certificate certifying that such designation complied with
the foregoing provisions.

 

    38

     

    

 

“U.S. Government Obligations”
means securities that are:

 

(1)              direct
obligations of the United States of America for the timely payment of which its full faith and credit is pledged, or

 

(2)              obligations
of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the timely payment
of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in each case,
are not callable or redeemable at the option of the issuer thereof, and shall also include a depository 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 depository 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 depository 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 depository receipt.

 

“Voting Stock” of any
Person as of any date means the Capital Stock of such Person that is at the time entitled to vote (without regard to the occurrence
of any contingency) in the election of the Board of Directors of such Person.

 

“Weighted Average Life to Maturity”
means, when applied to any Indebtedness or Disqualified Stock or Preferred Stock, as the case may be, at any date, the quotient
obtained by dividing (1) the sum of the products of the number of years from the date of determination to the date of each
successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified
Stock or Preferred Stock multiplied by the amount of such payment, by (2) the sum of all such payments.

 

“Wholly Owned Restricted Subsidiary”
means any Wholly Owned Subsidiary that is a Restricted Subsidiary.

 

“Wholly Owned Subsidiary”
of any Person means a direct or indirect Subsidiary of such Person 100.0% of the outstanding Capital Stock or other ownership interests
of which (other than directors’ qualifying shares or shares or interests required to be held by foreign nationals or other
third parties to the extent required by applicable law) shall at the time be owned by such Person or by one or more Wholly Owned
Subsidiaries of such Person.

 

    39

     

    

 

Section 1.2           Other
Definitions.

 

	
        Term
	 	
        Defined in Section

	“Affiliate Transaction”	 	3.8(a) 
	“Agent Members”	 	2.15(b) 
	“Asset Sale Offer”	 	3.7(d) 
	“Authentication Order”	 	2.6 
	“Certain Capital Markets Debt”	 	3.10(a) 
	“Certificate of Beneficial Ownership”	 	2.16(3) 
	“Change of Control Offer”	 	3.9(b) 
	“Change of Control Payment”	 	3.9(a) 
	“Change of Control Payment Date”	 	3.9(b)(iii) 
	“Control”	 	1.1 
	“covenant defeasance option”	 	8.1 
	“Covenant Suspension Event”	 	3.15(a) 
	“Defaulted Interest”	 	2.10
	“disposition”	 	1.1 
	“Distribution Compliance Date”	 	2.1
	“EDGAR”	 	3.2(a)
	“effective date”	 	1.5
	“Event of Default”	 	6.1
	“Excess Proceeds”	 	3.7(d) 
	“Global Notes”	 	2.1
	“Guarantor Obligations”	 	10.1(a) 
	“Improvements”	 	1.1
	“Increased Amount”	 	3.5(c) 
	“LCA Election”	 	1.5
	“LCA Test Date”	 	1.5 
	“legal defeasance option”	 	8.1
	“Minimum Denomination”	 	2.5 
	“Note Register” and “Note Registrar”	 	2.8
	“Offer Amount”	 	5.8(a) 
	“Offer Period”	 	5.8(a) 
	“Offer to Repurchase”	 	5.8 
	“Outside Date”	 	5.9(a)
	“Permanent Regulation S Global Notes”	 	2.1
	“Permitted Debt”	 	3.3(b) 
	“Physical Notes”	 	2.1
	“primary obligations” and “primary obligor”	 	1.1 
	“Private Placement Legend”	 	2.3
	“protected purchaser”	 	2.9 
	“Purchase Date”	 	5.8(a) 
	“Ratio Debt”	 	3.3(a) 
	“Ratio Tested Committed Amount”	 	3.3(b)(i)(II)
	“Redemption Date”	 	5.4 
	“Reference Period”	 	1.1 
	“Refinancing Indebtedness”	 	3.3(b)(xiv) 
	“Refunding Capital Stock”	 	3.4(b)(ii)(a) 
	“Regulation S Global Notes”	 	2.1
	“Regulation S Note Exchange Date”	 	2.16(3) 
	“Regulation S Physical Notes”	 	2.1
	“Resale Restriction Termination Date”	 	2.3
	“Restricted Payments”	 	3.4(a) 
	“Retired Capital Stock”	 	3.4(b)(ii)(a) 
	“retiring Trustee”	 	7.7
	“Reversion Date”	 	3.15(b) 
	“Rule 144A Global Notes”	 	2.1 
	“Rule 144A Physical Notes”	 	2.1 
	“Successor Company”	 	4.1(a)(i) 
	“Successor Guarantor”	 	4.1(b)(A) 
	“Suspended Covenants”	 	3.15(a) 
	“Suspension Period”	 	3.15(b) 
	“Temporary Regulation S Global Notes”	 	2.1 
	“Unpaid Amount”	 	3.4(b)(ii)(c) 

 

    40

     

    

 

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)            (i) unsecured
Indebtedness shall not be deemed to be subordinate or junior to secured Indebtedness merely by virtue of its nature as unsecured
Indebtedness and (ii) secured Indebtedness shall not be deemed to be subordinated or junior to other secured Indebtedness
merely because it has a junior priority with respect to the same collateral;

 

(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;

 

(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; and

 

(j)            notwithstanding
any provision of this Indenture, no provision of the TIA shall apply or be incorporated by reference into this Indenture or the
Notes, except as specifically set forth in this Indenture.

 

Section 1.4     Incorporation
by Reference of TIA. Whenever this Indenture refers explicitly to a provision of the TIA, such provision is incorporated by
reference in and made a part of this Indenture to the extent such provision is specifically and expressly set forth in this Indenture
as being applicable. Any terms incorporated by reference in this Indenture that are explicitly defined by the TIA, defined explicitly
by any TIA reference to another statute or defined explicitly by SEC rule under the TIA, have the meanings so assigned to
them therein.

 

    41

     

    

 

SECTION 1.5     Limited
Condition Transaction. In connection with any action being taken in connection with a Limited Condition Transaction, for purposes
of determining compliance with any provision of this Indenture which requires that no Default, Event of Default or specified Event
of Default, as applicable, has occurred, is continuing or would result from any such action, as applicable, such condition shall,
at the option of the Issuer, be deemed satisfied, so long as no Default, Event of Default or specified Event of Default, as applicable,
exists on (i) in the case of clause (x) of the definition of “Limited Condition Transaction,” the date a
definitive agreement for such Limited Condition Transaction is entered into or (ii) in the case of clause (y) of the
definition of “Limited Condition Transaction,” the date that the Issuer or its Restricted Subsidiary provides notice
of such repayment, repurchase or refinancing of Indebtedness (clauses (i) and (ii), as applicable, the “effective
date”) and not as of any later date as would otherwise be required under this Indenture. For the avoidance of doubt,
if the Issuer has exercised its option under the first sentence of this Section 1.5, and any Default or Event of Default
occurs following the effective date on which the applicable Limited Condition Transaction was entered into and prior to the consummation
of such Limited Condition Transaction, any such Default or Event of Default shall be deemed to not have occurred or be continuing
for purposes of determining whether any action being taken in connection with such Limited Condition Transaction is permitted
hereunder.

 

In connection with any action being taken
in connection with a Limited Condition Transaction, for purposes of:

 

(i)            determining
compliance with any provision of this Indenture which requires the calculation of the Consolidated Senior Secured Net Debt Ratio,
the Consolidated Total Net Debt Ratio or the Fixed Charge Coverage Ratio; or

 

(ii)            testing
baskets set forth in this Indenture (including baskets measured as a percentage of Total Assets);

 

in each case, at the option of the Issuer (the Issuer’s
election to exercise such option in connection with any Limited Condition Transaction, an “LCA Election”),
the date of determination of whether any such action is permitted hereunder, shall be deemed to be the effective date for such
Limited Condition Transaction (the “LCA Test Date”), and if, after giving Pro Forma Effect to the Limited Condition
Transaction and the other transactions to be entered into in connection therewith (including any Incurrence of Indebtedness and
the use of proceeds thereof) as if they had occurred at the beginning of the most recent four consecutive fiscal quarters of the
Issuer ending prior to the LCA Test Date for which consolidated financial statements of the Issuer are available, the Issuer could
have taken such action on the relevant LCA Test Date in compliance with such ratio or basket, such ratio or basket shall be deemed
to have been complied with. For the avoidance of doubt, if the Issuer has made an LCA Election and any of the ratios, baskets
or amounts for which compliance was determined or tested as of the LCA Test Date are exceeded as a result of fluctuations in any
such ratio, basket or amount, including due to fluctuations in Four Quarter EBITDA of the Issuer or the Person subject to such
Limited Condition Transaction or any applicable currency exchange rate, at or prior to the consummation of the relevant transaction
or action, such baskets, ratios or amounts will not be deemed to have been exceeded as a result of such fluctuations. If the Issuer
has made an LCA Election for any Limited Condition Transaction, then in connection with any subsequent calculation of any ratio
or basket availability with respect to the Incurrence of Indebtedness or Liens, or the making of Restricted Payments, mergers,
the conveyance, lease or other transfer of all or substantially all of the assets of the Issuer or the designation of an Unrestricted
Subsidiary on or following the relevant LCA Test Date and prior to the earlier of the date on which such Limited Condition Transaction
is consummated or the definitive agreement for such Limited Condition Transaction is terminated or expires without consummation
of such Limited Condition Transaction, any such ratio or basket shall be calculated on a Pro Forma Basis assuming such Limited
Condition Transaction and other transactions in connection therewith (including any Incurrence of Indebtedness and the use of
proceeds thereof) have been consummated.

 

    42

     

    

 

Article II

 

The Notes

 

SECTION 2.1     Forms
Generally. The Initial Notes and Additional Notes and the Trustee’s certificate of authentication relating thereto shall
be in substantially the forms set forth, or referenced, in this Article II and Exhibit A annexed hereto
(as such forms may be modified in accordance with Section 2.4). Exhibit A is hereby incorporated in and
expressly made a part of this Indenture. The Notes may have such appropriate notations, legends, endorsements, identifications
and other similar variations as are required or permitted by law, stock exchange rule or depositary rule or usage, agreements
to which the Issuer is subject, if any, or other customary usage, or as may consistently herewith be determined by the Officers
of the Issuer executing such Notes, as evidenced by such execution (provided always that any such notation, legend, endorsement,
identification or variation is in a form acceptable to the Issuer). Each Note shall be dated the date of its authentication. The
terms of the Notes set forth in Exhibit A are part of the terms of this Indenture. Any portion of the text of any
Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note.

 

Initial Notes and any Additional Notes
offered and sold in reliance on Rule 144A shall, unless the Issuer otherwise notifies the Trustee in writing, be issued in
the form of one or more permanent global Notes in substantially the form set forth in Exhibit A hereto (as such form
may be modified in accordance with Section 2.4), except as otherwise permitted herein. Such Global Notes shall be
referred to collectively herein as the “Rule 144A Global Notes,” and shall be deposited with the Notes
Custodian for credit to an account of an Agent Member, and shall be duly executed by the Issuer and authenticated by the Trustee
as hereinafter provided. The aggregate principal amount of any Rule 144A Global Notes may from time to time be increased
or decreased by adjustments made on the records of the Notes Custodian as hereinafter provided.

 

Initial Notes and any Additional Notes
offered and sold in offshore transactions in reliance on Regulation S under the Securities Act shall be issued in the form of
one or more permanent global Notes in substantially the form set forth in Exhibit A hereto (as such form may be modified
in accordance with Section 2.4) (the “Permanent Regulation S Global Notes”), unless the Issuer
notifies the Trustee in writing that such global Notes should be issued in temporary form, in which case such global Notes shall
be issued in the form of one or more temporary global Notes in substantially the form set forth in Exhibit A hereto
(as such form may be modified in accordance with Section 2.4) (the “Temporary Regulation S Global Notes”
and, together with the Permanent Regulation S Global Notes, the “Regulation S Global Notes”). The Regulation
S Global Notes shall be deposited with the Notes Custodian for credit to an account of an Agent Member holding on behalf of Euroclear
or Clearstream and shall be duly executed by the Issuer and authenticated by the Trustee as hereinafter provided. The aggregate
principal amount of a Regulation S Global Note may from time to time be increased or decreased by adjustments made in the records
of the Notes Custodian as hereinafter provided.

 

Following the expiration of the distribution
compliance period set forth in Regulation S (the “Distribution Compliance Date”) with respect to any Temporary
Regulation S Global Note, beneficial interests in such Temporary Regulation S Global Note shall be exchanged as provided in Sections
2.15 and 2.16 for beneficial interests in one or more Permanent Regulation S Global Notes, except as otherwise permitted
herein. Simultaneously with the authentication of such Permanent Regulation S Global Note, the Trustee shall cancel the related
Temporary Regulation S Global Note.

 

Subject to the limitations on the issuance
of certificated Notes set forth in Sections 2.15 and 2.16, Notes issued pursuant to Section 2.8 in exchange
for or upon transfer of beneficial interests (x) in a Rule 144A Global Note shall be in the form of permanent certificated
Notes substantially in the form set forth in Exhibit A hereto (as such form may be modified in accordance with Section 2.4)
(the “Rule 144A Physical Notes”) or (y) in a Permanent Regulation S Global Note or in a Temporary
Regulation S Global Note (if any) on or after the Regulation S Note Exchange Date with respect to any Temporary Regulation S Global
Note, shall be in the form of permanent certificated Notes substantially in the form set forth in Exhibit A hereto
(as such form may be modified in accordance with Section 2.4) (the “Regulation S Physical Notes”),
respectively, as hereinafter provided.

 

    43

     

    

 

The Rule 144A Physical Notes and Regulation
S Physical Notes shall be construed to include any certificated Notes issued in respect thereof pursuant to Section 2.7,
2.8, 2.9 or 5.7, and the Rule 144A Global Notes and Regulation S Global Notes shall be construed to
include any global Notes issued in respect thereof pursuant to Section 2.7, 2.8, 2.9 or 5.7.
The Rule 144A Physical Notes and the Regulation S Physical Notes, together with any other certificated Notes issued and authenticated
pursuant to this Indenture, are sometimes collectively herein referred to as the “Physical Notes.” The Rule 144A
Global Notes and the Regulation S Global Notes, together with any other global Notes that are issued and authenticated pursuant
to this Indenture, are sometimes collectively referred to as the “Global Notes.”

 

SECTION 2.2     Form of
Trustee’s Certificate of Authentication. The Notes will have endorsed thereon a Trustee’s certificate of authentication
in substantially the following form:

 

This is one of the Notes referred to in
the within-mentioned Indenture.

 

	 	 
	as Trustee	 
	 	 
	By:	 	          
		Authorized Officer	 
	 	 	 
	Dated:	 	 

 

Section 2.3     Restrictive
and Global Note Legends. Each Global Note and Physical Note (and all Notes issued in exchange therefor or substitution thereof)
shall bear the following legend set forth below (the “Private Placement Legend”) on the face thereof until
the Private Placement Legend is removed or not required in accordance with Section 2.16(4):

 

THIS SECURITY HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR
NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF
OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE
DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR] [IN THE CASE
OF REGULATION S NOTES: 40 DAYS] AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR
ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE ISSUER
OR ANY OF ITS SUBSIDIARIES, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON
IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT
PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (D) THROUGH OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES, IN
COMPLIANCE WITH RULE 904 UNDER REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED
BY RULE 144 (IF AVAILABLE) OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT
TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (D) OR (E) TO
REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL
BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

 

    44

     

    

 

BY ACQUIRING A NOTE (OR INTEREST
THEREIN), EACH PURCHASER AND TRANSFEREE IS DEEMED TO REPRESENT AND WARRANT THAT EITHER (A) IT IS NOT ACQUIRING THE NOTE (OR
INTEREST THEREIN) WITH THE ASSETS OF AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE U.S. EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), THAT IS SUBJECT TO TITLE I OF ERISA, A “PLAN”
AS DEFINED IN AND SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”),
ANY OTHER EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO PROVISIONS UNDER APPLICABLE STATE, LOCAL OR OTHER LAWS OR REGULATIONS THAT
ARE SIMILAR TO TITLE I OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), OR AN ENTITY WHOSE UNDERLYING ASSETS
INCLUDE “PLAN ASSETS” BY REASON OF AN EMPLOYEE BENEFIT PLAN’S OR PLAN’S INVESTMENT IN THE ENTITY, OR (B) THE
ACQUISITION AND HOLDING OF THE NOTE (OR INTEREST THEREIN) BY IT WILL NOT GIVE RISE TO A NONEXEMPT PROHIBITED TRANSACTION UNDER
SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A VIOLATION OF SIMILAR LAW, AND NONE OF THE ISSUER, THE INITIAL
PURCHASERS NOR ANY OF THEIR RESPECTIVE AFFILIATES IS ITS FIDUCIARY IN CONNECTION WITH THE ACQUISITION AND HOLDING OF THE NOTE.

 

Any Regulation S Global Note shall also
bear the following legend on the face thereof:

 

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

 

Each Global Note shall also bear the following
legend on the face thereof:

 

UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”) TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR 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.

 

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TRANSFERS OF THIS GLOBAL NOTE
SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH
THE RESTRICTIONS SET FORTH IN SECTIONS 2.15 AND 2.16 OF THE INDENTURE (AS DEFINED HEREIN).

 

Any Temporary Regulation S Global Note
shall also bear the following legend on the face thereof:

 

EXCEPT AS SPECIFIED IN THE INDENTURE,
BENEFICIAL OWNERSHIP INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE WILL NOT BE EXCHANGEABLE FOR INTERESTS IN THE PERMANENT
REGULATION S GLOBAL NOTE OR ANY OTHER NOTE REPRESENTING AN INTEREST IN THE NOTES REPRESENTED HEREBY WHICH DO NOT CONTAIN A LEGEND
CONTAINING RESTRICTIONS ON TRANSFER, UNTIL THE EXPIRATION OF THE “40 DAY DISTRIBUTION COMPLIANCE PERIOD” (WITHIN THE
MEANING OF RULE 903(b)(2) OF REGULATION S UNDER THE SECURITIES ACT). DURING SUCH 40 DAY DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL
OWNERSHIP INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE MAY NOT BE SOLD, PLEDGED OR TRANSFERRED TO A U.S. PERSON OR
FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON.

 

Section 2.4     Amount
Unlimited. The aggregate principal amount of Notes that may be authenticated and delivered and Outstanding under this Indenture
is not limited, subject to compliance with the covenants set forth in this Indenture. Provisions relating to the initial Notes
are set forth in Exhibit A attached hereto which is hereby incorporated in, and expressly made part of, this Indenture.
Any Additional Notes issued under this Indenture shall have the same terms as the initial Notes in all respects except that the
issue date, the issue price and the initial interest payment date may differ. Any such Additional Notes shall be consolidated
with and form a single series with the Initial Notes; provided that if any Additional Notes are not fungible with the Notes
for U.S. federal income tax purposes, such Additional Notes will have a separate “CUSIP” or “ISIN” number.

 

Section 2.5     Denominations.
The Notes shall be issuable only in fully registered form, without coupons, and only in minimum denominations of $2,000 (the “Minimum
Denomination”), and integral multiples of $1,000 in excess thereof.

 

Section 2.6     Execution,
Authentication and Delivery and Dating. The Notes shall be executed on behalf of the Issuer by one Officer thereof. The signature
of any such Officer on the Notes may be manual, electronic or by facsimile.

 

Notes bearing the manual, electronic or
facsimile signature of an individual who was at any time an Officer of the Issuer shall bind the Issuer, notwithstanding that
such individual has ceased to hold such office prior to the authentication and delivery of such Notes or did not hold such office
at the date of such Notes.

 

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At any time and from time to time after
the execution and delivery of this Indenture, the Issuer may deliver Notes executed by the Issuer to the Trustee for authentication;
and the Trustee shall authenticate and deliver (i) Initial Notes for original issue in the aggregate principal amount not
to exceed $250.0 million and (ii) Additional Notes from time to time for original issue in aggregate principal amounts
specified by the Issuer, upon a written order of the Issuer in the form of an Officer’s Certificate of the Issuer (an “Authentication
Order”). Such Officer’s Certificate shall specify the amount of Notes to be authenticated and the date on which
the Notes are to be authenticated, the “CUSIP,” “ISIN,” “Common Code” or other similar identification
numbers of such Notes, if any, whether the Notes are to be Notes or Additional Notes and whether the Notes are to be issued as
one or more Global Notes or Physical Notes and such other information as the Issuer may include or the Trustee may reasonably
request.

 

All Notes shall be dated the date of their
authentication.

 

No Note shall be entitled to any benefit
under this Indenture or be valid or obligatory for any purpose, unless there appears on such Note a certificate of authentication
substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Note
shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

 

Section 2.7     Temporary
Notes. Until definitive Notes are ready for delivery, the Issuer 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 Issuer considers appropriate for temporary Notes. If temporary Notes are issued, the Issuer will cause definitive
Notes to be prepared without unreasonable delay. After the preparation of definitive Notes, the temporary Notes shall be exchangeable
for definitive Notes upon surrender of the temporary Notes at the office or agency of the Issuer in a Place of Payment, without
charge to the Holder. Upon surrender for cancellation of any one or more temporary Notes the Issuer shall execute and upon receipt
of an Authentication Order the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive
Notes of authorized denominations. Until so exchanged the temporary Notes shall in all respects be entitled to the same benefits
under this Indenture as definitive Notes of the same series and tenor.

 

Section 2.8     Registrar
and Paying Agent. The Issuer shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register
maintained in such office and in any other office or agency of the Issuer in a Place of Payment being herein sometimes collectively
referred to as the “Note Register”) in which, subject to such reasonable regulations as it may prescribe, the
Issuer shall provide for the registration of Notes and of transfers of Notes. The Issuer may have one or more co-registrars. The
term “Note Registrar” includes any co-registrars.

 

The Issuer may have one or more additional
paying agents, and the term “Paying Agent” shall include any additional Paying Agent.

 

The Issuer initially appoints the Trustee
as “Note Registrar” and “Paying Agent” in connection with the Notes, until such time as it has resigned
or a successor has been appointed. The Issuer may change the Paying Agent or Note Registrar for the Notes without prior notice
to the Holders of Notes. The Issuer may enter into an appropriate agency agreement with any Note Registrar or Paying Agent not
a party to this Indenture. Any such agency agreement shall implement the provisions of this Indenture that relate to such agent.
The Issuer shall notify the Trustee in writing of the name and address of any such agent. If the Issuer fails to appoint or maintain
a Note Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant
to Section 7.6. The Issuer or any wholly-owned Domestic Subsidiary of the Issuer may act as Paying Agent, Note Registrar
or transfer agent.

 

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Upon surrender for transfer of any Note
at the office or agency of the Issuer in a Place of Payment, in compliance with all applicable requirements of this Indenture
and applicable law, the Issuer shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee
or transferees, one or more new Notes of the same series, of any authorized denominations and of a like aggregate principal amount.

 

At the option of the Holder, Notes may
be exchanged for other Notes, of any authorized denominations and of a like tenor and aggregate principal amount, upon surrender
of the Notes to be exchanged at such office or agency. Whenever any Notes are so surrendered for exchange, the Issuer shall execute,
and the Trustee shall authenticate and deliver, the Notes that the Holder making the exchange is entitled to receive.

 

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

 

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

 

No service charge shall be made for any
registration, transfer or exchange of Notes, but the Issuer and/or Trustee may require payment of a sum sufficient to cover any
transfer tax or other governmental charge that may be imposed in connection therewith.

 

The Issuer shall not be required (i) to
issue, transfer or exchange any Note during a period beginning at the opening of business 15 Business Days before the day of the
sending of a notice of redemption (or purchase) of Notes selected for redemption (or purchase) under Section 5.3(b) and
ending at the close of business on the day of such sending, or (ii) to transfer or exchange any Note so selected for redemption
(or purchase) in whole or in part.

 

Section 2.9     Mutilated,
Destroyed, Lost and Stolen Notes. If a mutilated Note is surrendered to the Note Registrar or if the Holder of a Note claims
that the Note has been lost, destroyed or wrongfully taken, the Issuer shall issue and the Trustee shall authenticate a replacement
Note if the requirements of Section 8-405 of the Uniform Commercial Code are met, such that the Holder (a) satisfies
the Issuer or the Trustee within a reasonable time after such Holder has notice of such loss, destruction or wrongful taking and
the Note Registrar does not register a transfer prior to receiving such notification, (b) makes such request to the Issuer
or the Trustee prior to the Note being acquired by a protected purchaser as defined in Section 8-303 of the Uniform Commercial
Code (a “protected purchaser”) and (c) satisfies any other reasonable requirements of the Trustee. If
required by the Trustee or the Issuer, such Holder shall furnish an indemnity bond sufficient in the judgment of (i) the
Trustee to protect the Trustee and (ii) the Issuer to protect the Issuer, the Trustee, a Paying Agent and the Note Registrar
from any loss that any of them may suffer if a Note is replaced.

 

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

 

Upon the issuance of any new Note under
this Section 2.9, the Issuer may require the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

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Every new Note issued pursuant to this
Section 2.9 in lieu of any destroyed, lost or stolen Note shall constitute an original additional contractual obligation
of the Issuer, whether or not the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled
to all the benefits of this Indenture equally and ratably with any and all other Notes duly issued hereunder.

 

The provisions of this Section 2.9
are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment
of mutilated, destroyed, lost or stolen Notes.

 

Section 2.10     Payment
of Interest Rights Preserved. Interest on any Note that is payable, and is punctually paid or duly provided for, on any Interest
Payment Date shall be paid to the Person in whose name that Note (or one or more Predecessor Notes) is registered at the close
of business on the Regular Record Date for such interest specified in Exhibit A hereto.

 

Any interest on any Note that is payable,
but is not punctually paid or duly provided for, on any Interest Payment Date (“Defaulted Interest”) shall
forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder;
and such Defaulted Interest may be paid by the Issuer, at its election, as provided in clause (1) or clause (2) below:

 

(1)            The
Issuer may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor
Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall
be fixed in the following manner. The Issuer shall notify the Trustee and Paying Agent in writing of the amount of Defaulted Interest
proposed to be paid on each Note and the date of the proposed payment, and at the same time the Issuer shall deposit with the
Trustee or Paying Agent an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest
or shall make arrangements reasonably satisfactory to the Trustee or Paying Agent 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 provided
in this clause (1). Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall
be not more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt
by the Trustee and the Paying Agent of the notice of the proposed payment. The Trustee shall promptly notify the Issuer of such
Special Record Date and, in the name and at the expense of the Issuer, shall cause notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder at such Holder’s
address as it appears in the Note Register, or sent electronically, not less than 10 days prior to such Special Record Date or
otherwise in accordance with DTC procedures. Notice of the proposed payment of such Defaulted Interest and the Special Record
Date therefor having been so given, such Defaulted Interest shall be paid to the Persons in whose names the Notes (or their respective
Predecessor Notes) are registered on such Special Record Date and shall no longer be payable pursuant to the following clause
(2).

 

(2)            The
Issuer may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, if, after notice given by
the Issuer to the Trustee and the Paying Agent of the proposed payment pursuant to this clause (2), such payment shall be deemed
practicable by the Trustee.

 

Subject to the foregoing provisions of
this Section 2.10, each Note delivered under this Indenture upon transfer of or in exchange for or in lieu of any
other Note of the same series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such
other Note.

 

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Section 2.11     Persons
Deemed Owners. The Issuer, any Subsidiary Guarantor, the Trustee, the Paying Agent and any agent of any of them may treat
the Person in whose name any Note is registered as the owner of such Note for the purpose of receiving payment of principal of
(and premium, if any), and (subject to Section 2.10) interest on, such Note and for all other purposes whatsoever,
whether or not such Note be overdue, and none of the Issuer, any Subsidiary Guarantor, the Trustee, the Paying Agent nor any agent
of any of them shall be affected by notice to the contrary.

 

Section 2.12     Cancellation.
All Notes surrendered for payment, redemption, transfer, exchange or conversion shall, if surrendered to any Person other than
the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Issuer may at any
time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Issuer may have
acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated
in lieu of or in exchange for any Notes cancelled as provided in this Section 2.12, except as expressly permitted
by this Indenture. All cancelled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary
procedures (subject to the record retention requirements of the Exchange Act).

 

Section 2.13     Computation
of Interest. Interest on the Notes shall be computed on the basis of a 360 day year consisting of twelve 30-day months.

 

Section 2.14     CUSIP
Numbers, ISINs, etc. The Issuer in issuing the Notes may use “CUSIP” numbers, ISINs and “Common
Code” numbers (if then generally in use), and if so, the Trustee may use the CUSIP numbers, ISINs and “Common
Code” numbers in notices of redemption or exchange as a convenience to Holders; provided, however, that any
such notice may state that no representation is made as to the correctness or accuracy of such numbers printed in the notice or
on the Notes; that reliance may be placed only on the other identification numbers printed on the Notes; and that any redemption
shall not be affected by any defect in or omission of such numbers. The Issuer should promptly notify the Trustee, in writing,
of any change in any “CUSIP,” “ISIN” or “Common Code” number, but failure to so notify the
Trustee shall not constitute a Default or Event of Default by the Issuer.

 

Section 2.15     Book-Entry
Provisions for Global Notes.

 

(a)            Each
Global Note initially shall (i) be registered in the name of the Depositary for such Global Note or the nominee of such Depositary,
in each case for credit to the account of an Agent Member, and (ii) be delivered to the Notes Custodian. Neither the Issuer
nor any of its agents shall have any responsibility or liability for any aspect of the records relating to or payments made on
account of beneficial ownership interests of a Global Note, or for maintaining, supervising or reviewing any records relating
to such beneficial ownership interests.

 

(b)            Members
of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect
to any Global Note held on their behalf by the Depositary, or the Notes Custodian, or under such Global Notes. The Depositary
may be treated by the Issuer, any other obligor upon the Notes, the Trustee and any agent of any of them as the absolute owner
of the Global Notes for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, any other
obligor upon the Notes, the Trustee or any agent of any of them from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary
practices governing the exercise of the rights of a beneficial owner of any Note. The registered Holder of a Global Note may grant
proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members,
to take any action that a Holder is entitled to take under this Indenture or the Notes.

 

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

 

(c)            Transfers
of a Global Note shall be limited to transfers of such Global Note in whole, but, subject to the immediately succeeding sentence,
not in part, to the Depositary, its successors or their respective nominees. Interests of beneficial owners in a Global Note may
not be transferred or exchanged for Physical Notes unless (i) the Issuer has consented thereto in writing, or such transfer
or exchange is made pursuant to the next sentence, and (ii) such transfer or exchange is in accordance with the applicable
rules and procedures of the Depositary and the provisions of Sections 2.8 and 2.16. Subject to the limitation
on issuance of Physical Notes set forth in Section 2.16(3), Physical Notes shall be transferred to all beneficial
owners in exchange for their beneficial interests in the relevant Global Note, if (i) the Depositary notifies the Issuer
at any time that it is unwilling or unable to continue as Depositary for the Global Notes and a successor depositary is not appointed
within 120 days; (ii) the Depositary ceases to be registered as a “Clearing Agency” under the Securities Exchange
Act of 1934 and a successor depositary is not appointed within 120 days; or (iii) an Event of Default shall have occurred
and be continuing with respect to the Notes and the Trustee has received a written request from the Depositary to issue Physical
Notes.

 

(d)            In
connection with any transfer or exchange of a portion of the beneficial interest in any Global Note to beneficial owners for Physical
Notes pursuant to Section 2.15(c), the Note Registrar shall record on its books and records the date and a decrease
in the principal amount of such Global Note in an amount equal to the beneficial interest in the Global Note being transferred,
and the Issuer shall execute, and the Trustee shall authenticate and deliver, one or more Physical Notes of like tenor and principal
amount of authorized denominations.

 

(e)            In
connection with a transfer of an entire Global Note to beneficial owners pursuant to Section 2.15(c), the applicable
Global Note shall be deemed to be surrendered to the Trustee for cancellation, and the Issuer shall execute, and the Trustee shall
authenticate and deliver, to each beneficial owner identified by the Depositary, in exchange for its beneficial interest in the
applicable Global Note, an equal aggregate principal amount of Rule 144A Physical Notes (in the case of any Rule 144A
Global Note) or Regulation S Physical Notes (in the case of any Regulation S Global Note), as the case may be, of authorized denominations.

 

(f)            The
transfer and exchange of a Global Note or beneficial interests therein shall be effected through the Depositary, in accordance
with this Indenture (including applicable restrictions on transfer set forth in Section 2.16) and the applicable rules and
procedures therefor of the Depositary. Any beneficial interest in one of the Global Notes that is transferred to a Person who
takes delivery in the form of an interest in a different Global Note will, upon transfer, cease to be an interest in such Global
Note and become an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer restrictions,
if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest.
A transferor of a beneficial interest in a Global Note shall deliver to the Note Registrar a written order given in accordance
with the Depositary’s applicable rules and procedures containing information regarding the participant account of the
Depositary to be credited with a beneficial interest in the relevant Global Note (or shall otherwise comply with the then applicable
rules and procedures of the Depositary). Subject to Section 2.16, the Note Registrar shall, in accordance with
such instructions, instruct the Depositary to credit to the account of the Person specified in such instructions a beneficial
interest in such Global Note and to debit the account of the Person making the transfer the beneficial interest in the Global
Note being transferred.

 

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(g)            Any
Physical Note delivered in exchange for an interest in a Global Note pursuant to Section 2.15(c) shall, unless
such exchange is made on or after the Resale Restriction Termination Date applicable to such Note and except as otherwise provided
in Section 2.3 and Section 2.16, bear the Private Placement Legend.

 

(h)            Notwithstanding
the foregoing, through the Restricted Period, a beneficial interest in a Regulation S Global Note may be held only through designated
Agent Members holding on behalf of Euroclear or Clearstream unless delivery is made in accordance with the applicable provisions
of Section 2.16.

 

Section 2.16     Special
Transfer Provisions.

 

(1)            Transfers
to Non-U.S. Persons. The following provisions shall apply with respect to the registration of any proposed transfer of a Note
that is a Restricted Security (within the meaning of Rule 144(a)(3) of the Securities Act) to any Non-U.S. Person: The
Note Registrar shall register such transfer if it complies with all other applicable requirements of this Indenture (including
Section 2.8), and

 

(a)            if
(x) such transfer is after the relevant Resale Restriction Termination Date with respect to such Note or (y) the proposed
transferor has delivered to the Note Registrar and the Issuer and the Trustee a Regulation S Certificate and, unless otherwise
agreed by the Issuer and the Trustee, an Opinion of Counsel, certifications and other information satisfactory to the Issuer and
the Trustee, and

 

(b)            if
the proposed transferor is or is acting through an Agent Member holding a beneficial interest in a Global Note, upon receipt by
the Note Registrar and the Issuer and the Trustee of (x) the certificate, opinion, certifications and other information,
if any, required by clause (a) above and (y) written instructions given in accordance with the procedures of the Note
Registrar and of the Depositary;

 

whereupon (i) the Note Registrar shall
reflect on its books and records the date and (if the transfer does not involve a transfer of any Outstanding Physical Note) a
decrease in the principal amount of the relevant Global Note in an amount equal to the principal amount of the beneficial interest
in the relevant Global Note to be transferred, and (ii) either (A) if the proposed transferee is or is acting through
an Agent Member holding a beneficial interest in a relevant Regulation S Global Note, the Note Registrar shall reflect on its
books and records the date and an increase in the principal amount of such Regulation S Global Note in an amount equal to the
principal amount of the beneficial interest being so transferred or (B) otherwise the Issuer shall execute and the Trustee
shall authenticate and deliver one or more Physical Notes of like tenor and amount.

 

(2)            Transfers
to QIBs. The following provisions shall apply with respect to the registration of any proposed transfer of a Note that is
a Restricted Security (within the meaning of Rule 144(a)(3) of the Securities Act) to a QIB (excluding transfers to
Non-U.S. Persons): The Note Registrar shall register such transfer if it complies with all other applicable requirements of this
Indenture (including Section 2.8), and

 

(a)            if
such transfer is being made by a proposed transferor who has checked the box provided for on the form of such Note stating, or
has otherwise certified to the Note Registrar and the Issuer and the Trustee in writing, that the sale has been made in compliance
with the provisions of Rule 144A to a transferee who has signed the certification provided for on the form of such Note stating,
or has otherwise certified to Note Registrar and the Issuer and the Trustee in writing, that it is purchasing such Note for its
own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a
QIB within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges
that it has received such information regarding the Issuer as it has requested pursuant to Rule 144A or has determined not
to request such information and that it is aware that the transferor is relying upon its foregoing representations in order to
claim the exemption from registration provided by Rule 144A; and

 

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(b)            if
the proposed transferee is an Agent Member, and the Note to be transferred consists of a Physical Note that after transfer is
to be evidenced by an interest in a Global Note or consists of a beneficial interest in a Global Note that after the transfer
is to be evidenced by an interest in a different Global Note, upon receipt by the Note Registrar of written instructions given
in accordance with the Depositary’s and the Note Registrar’s procedures, whereupon the Note Registrar shall reflect
on its books and records the date and an increase in the principal amount of the transferee Global Note in an amount equal to
the principal amount of the Physical Note or such beneficial interest in such transferor Global Note to be transferred, and the
Trustee shall cancel the Physical Note so transferred or reflect on its books and records the date and a decrease in the principal
amount of such transferor Global Note, as the case may be.

 

(3)            Limitation
on Issuance of Physical Notes. No Physical Note shall be exchanged for a beneficial interest in any Global Note, except in
accordance with Section 2.15 and this Section 2.16.

 

A beneficial owner of an interest in a
Regulation S Global Note shall not be permitted to exchange such interest for a Physical Note (any such exchange being limited,
in any case, to the circumstances set forth in Section 2.15(c)) or (in the case of such interest in a Temporary Regulation
S Global Note) an interest in a Permanent Regulation S Global Note until a date, which must be after the Distribution Compliance
Date, on which the Issuer receives a certificate of beneficial ownership substantially in the form of Exhibit B from
such beneficial owner (a “Certificate of Beneficial Ownership”). Such date, as it relates to a Regulation S
Global Note, is herein referred to as the “Regulation S Note Exchange Date.”

 

(4)            Private
Placement Legend. Upon the transfer, exchange or replacement of Notes not bearing the Private Placement Legend, the Note Registrar
shall deliver Notes that do not bear the Private Placement Legend. Upon the transfer, exchange or replacement of Notes bearing
the Private Placement Legend, the Note Registrar shall deliver only Notes that bear the Private Placement Legend unless (i) the
requested transfer is after the relevant Resale Restriction Termination Date with respect to such Notes, (ii) upon written
request of the Issuer after there is delivered to the Note Registrar an Opinion of Counsel (which opinion and counsel are satisfactory
to the Issuer) to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain
compliance with the provisions of the Securities Act, (iii) with respect to a Regulation S Global Note (on or after the Resale
Restriction Termination Date with respect to such Regulation S Global Note) or Regulation S Physical Note, in each case with the
agreement of the Issuer, or (iv) such Notes are sold or exchanged pursuant to an effective registration statement under the
Securities Act.

 

(5)            Other
Transfers. The Note Registrar shall effect and register, upon receipt of a written request from the Issuer to do so, a transfer
not otherwise permitted by this Section 2.16, such registration to be done in accordance with the otherwise applicable
provisions of this Section 2.16, upon the furnishing by the proposed transferor or transferee of a written Opinion
of Counsel (which opinion and counsel are satisfactory to the Issuer) to the effect that, and such other certifications or information
as the Issuer or the Trustee may require to confirm that, the proposed transfer is being made pursuant to an exemption from, or
in a transaction not subject to, the registration requirements of the Securities Act.

 

A Note that is a Restricted Security (within
the meaning of Rule 144(a)(3) of the Securities Act) may not be transferred other than as provided in this Section 2.16.
A beneficial interest in a Global Note that is a Restricted Security (within the meaning of Rule 144(a)(3) of the Securities
Act) may not be exchanged for a beneficial interest in another Global Note other than through a transfer in compliance with this
Section 2.16.

 

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(6)            General.
By its acceptance of any Note bearing the Private Placement Legend, each Holder of such a Note acknowledges the restrictions on
transfer of such Note set forth in this Indenture and in the Private Placement Legend and agrees that it will transfer such Note
only as provided in this Indenture.

 

The Note Registrar shall retain copies
of all letters, notices and other written communications received pursuant to Section 2.15 or this Section 2.16
(including all Notes received for transfer pursuant to Section 2.16). The Issuer shall have the right to require
the Note Registrar to deliver to the Issuer, at the Issuer’s expense, copies of all such letters, notices or other written
communications at any reasonable time upon the giving of reasonable written notice to the Note Registrar.

 

In connection with any transfer of any
Note, the Trustee, the Note Registrar and the Issuer shall be entitled to receive, shall be under no duty to inquire into, may
conclusively presume the correctness of, and shall be fully protected in relying upon the certificates, opinions and other information
referred to herein (or in the forms provided herein, attached hereto or to the Notes, or otherwise) received from any Holder and
any transferee of any Note regarding the validity, legality and due authorization of any such transfer, the eligibility of the
transferee to receive such Note and any other facts and circumstances related to such transfer.

 

Section 2.17     [Reserved].

 

Section 2.18     Paying
Agent to Hold Money in Trust. The Issuer 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 or the Trustee all money held by the Paying Agent for the payment
of principal of, premium, if any, and interest on the Notes. The Issuer 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 either of the Issuer)
shall have no further liability for the money delivered to the Trustee. If the Issuer acts as Paying Agent, it shall segregate
and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.

 

Section 2.19     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. If the Trustee is not the Note Registrar, the Issuer 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, including
the aggregate principal amount of the Notes held by each Holder thereof.

 

Article III

 

Covenants

 

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

 

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The Issuer shall pay interest on overdue
principal at the rate specified therefor in the Notes.

 

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

 

Section 3.2     Reports
and Other Information.

 

(a)            So
long as any Notes are outstanding and whether or not the Issuer is subject to the reporting requirements of Section 13 or
15(d) of the Exchange Act, the Issuer will furnish to the Holders, or file with the SEC for public availability through the
SEC’s Electronic Data Gathering, Analysis, and Retrieval System (or any successor system) (“EDGAR”) no
later than 15 days after the dates specified below:

 

(i)            within
90 days after the end of each fiscal year, an annual report as would be required to be filed with the SEC on Form 10-K if
the Issuer were required to file such reports;

 

(ii)            within
45 days after the end of each of the first three fiscal quarters of each fiscal year, a quarterly report as would be required
to be filed with the SEC on Form 10-Q if the Issuer were required to file such reports; and

 

(iii)            within
5 days after the period then in effect under the rules and regulations promulgated under the Exchange Act with respect to
the filing of a Current Report on Form 8-K after the occurrence of an event required to be therein reported, a current report
as would be required to be filed with the SEC on Form 8-K if the Issuer were required to file such reports.

 

(b)            If
the Issuer has designated any of its Subsidiaries as an Unrestricted Subsidiary and if any such Unrestricted Subsidiary or group
of Unrestricted Subsidiaries, if taken together as one Subsidiary, would constitute a Significant Subsidiary of the Issuer, then
the annual and quarterly reports required by Sections 3.2(a)(i) and 3.2(a)(ii) above shall include a presentation
of selected financial metrics (in the Issuer’s sole discretion) of such Unrestricted Subsidiaries as a group in the “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” or other comparable section.

 

(c)            If
the Issuer does not file reports containing such information with the SEC, the Issuer shall make available such information and
such reports to the Trustee under this Indenture, to any Holder and, upon request, to any beneficial owner of the Notes, in each
case by posting such information on its website, on Intralinks or any comparable password-protected online data system which shall
require a confidentiality acknowledgment, and shall make such information readily available to any Holder or any bona fide prospective
investor in the Notes (which prospective investors will be limited to “qualified institutional buyers” within the
meaning of Rule 144A of the Securities Act that certify their status as such to the reasonable satisfaction of the Issuer)
who agrees to treat such information as confidential or accesses such information on Intralinks or any comparable password-protected
online data system which shall require a confidentiality acknowledgment; provided that the Issuer shall post such information
thereon and make readily available any password or other login information to any such prospective holder, securities analyst
or market maker.

 

(d)            In
addition, to the extent not satisfied by any of the foregoing, the Issuer shall furnish to Holders and prospective investors in
the Notes, upon their request, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities
Act so long as the Notes are not freely transferable under the Securities Act.

 

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(e)            Notwithstanding
anything herein to the contrary, the Issuer shall not be deemed to have failed to comply with any of its obligations hereunder
for purposes of clause (iii) of Section 6.1 until 180 days after the date any report hereunder is due.

 

(f)            Delivery
of such reports, information and documents to the Trustee pursuant to this Section 3.2 is for informational purposes only,
and the Trustee’s receipt thereof shall not constitute actual or constructive notice of any information contained therein
or determinable from information contained therein, including the Issuer’s compliance with any of its covenants under this
Indenture (as to which the Trustee is entitled to certificates). The Trustee shall not be obligated to monitor or confirm, on
a continuing basis or otherwise, the Issuer’s compliance with the covenants or with respect to any reports or other documents
filed with the SEC or EDGAR or any website under this Indenture, or participate in any conference calls.

 

Section 3.3     Limitation
on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock.

 

(a)            The
Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness
(including Acquired Indebtedness) or issue any shares of Disqualified Stock and the Issuer will not permit any of its Restricted
Subsidiaries to issue any shares of Preferred Stock; provided, however, that the Issuer and any Restricted Subsidiary
may Incur Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock and any Restricted Subsidiary may
issue shares of Preferred Stock, in each case if the Fixed Charge Coverage Ratio, calculated as of the date on which such additional
Indebtedness is Incurred or such Disqualified Stock or Preferred Stock is issued and determined on a Pro Forma Basis for the Incurrence
(including the use of proceeds thereof) and any related transactions, would be equal to or greater than 2.00 to 1.00 (any such
Indebtedness, Disqualified Stock or Preferred Stock, “Ratio Debt”).

 

(b)            The
foregoing limitations will not apply to (collectively, “Permitted Debt”):

 

(i)            the
Incurrence by the Issuer or its Restricted Subsidiaries of Indebtedness under any Credit Agreement, the guarantees thereof and
the issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’
acceptances being deemed to have a principal amount equal to the face amount thereof), up to the sum of (I) an aggregate
outstanding principal amount not to exceed $1,800.0 million outstanding at any one time plus the greater of (i) $500.0 million
and (ii) 100.0% of Four Quarter EBITDA and (II) an additional aggregate principal amount which when taken together with
amounts outstanding under clause (I) and, after giving Pro Forma Effect to such Incurrence (including the use of proceeds
thereof) and any related transactions (or, at the Issuer’s option, on the date of the initial borrowing of such Indebtedness
or entry into the definitive agreement providing the commitment to fund such Indebtedness after giving Pro Forma Effect to the
Incurrence of the entire committed amount of such Indebtedness and any related transactions (such committed amount, a “Ratio
Tested Committed Amount”), in which case such Ratio Tested Committed Amount may thereafter be borrowed and reborrowed,
in whole or in part, from time to time, without further compliance with this clause (i)) would not cause the Consolidated Senior
Secured Net Debt Ratio to exceed 3.50 to 1.00; provided that any Indebtedness Incurred under clauses (I) and (II) of
this clause (i) shall be deemed to be Secured Indebtedness, whether or not so secured, solely for purposes of calculating
the Consolidated Senior Secured Net Debt Ratio in connection with the Incurrence thereof;

 

(ii)            the
Incurrence by the Issuer and the Guarantors of Indebtedness represented by the Notes (not including any Additional Notes) and
the Guarantees thereof;

 

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(iii)            Indebtedness
of the Issuer and its Restricted Subsidiaries outstanding (or Incurred pursuant to any commitment outstanding) on the Issue Date
(other than Indebtedness under the Credit Agreement Incurred under clause (i) above, in respect of the initial Notes Incurred
under clause (ii) above or in respect of Existing Convertible Notes Incurred under clause (xxix) below);

 

(iv)            Indebtedness
(including Capitalized Lease Obligations and mortgage financings as purchase money obligations) Incurred by the Issuer or any
of its Restricted Subsidiaries, Disqualified Stock issued by the Issuer or any of its Restricted Subsidiaries and Preferred Stock
issued by any Restricted Subsidiaries of the Issuer to finance all or any part of the purchase, lease, construction, installation,
repair or improvement of property (real or personal), plant or equipment or other fixed or capital assets (whether through the
direct purchase of assets or the Capital Stock of any Person owning such assets) in an aggregate principal amount or liquidation
preference, including all Indebtedness Incurred and Disqualified Stock or Preferred Stock issued to Refinance any Indebtedness
Incurred and Disqualified Stock or Preferred Stock issued pursuant to this clause (iv), not to exceed the greater of (a) $350.0 million
and (b) 7.0% of Total Assets, at any one time outstanding;

 

(v)            Indebtedness
Incurred by the Issuer or any of its Restricted Subsidiaries constituting reimbursement obligations with respect to letters of
credit or bank guarantees or similar instruments issued in the ordinary course of business, including, without limitation, (i) letters
of credit or performance or surety bonds in respect of workers’ compensation claims, health, disability or other employee
benefits (whether current or former) or property, casualty or liability insurance or self-insurance, or other Indebtedness with
respect to reimbursement-type obligations regarding workers’ compensation claims, health, disability or other employee benefits
(whether current or former) or property, casualty or liability insurance and (ii) guarantees of Indebtedness Incurred by
customers in connection with the purchase or other acquisition of equipment or supplies in the ordinary course of business;

 

(vi)            Indebtedness,
Disqualified Stock or Preferred Stock arising from agreements of the Issuer or its Restricted Subsidiaries providing for indemnification,
earn-outs, adjustment of purchase or acquisition price, incentive, non-compete, consulting or similar obligations and other Contingent
Obligations, in each case, Incurred in connection with the acquisition or disposition of any business, assets, Subsidiary
of the Issuer or other Investment in accordance with the terms of this Indenture;

 

(vii)            Indebtedness
or Disqualified Stock of the Issuer to a Restricted Subsidiary; provided that (x) such Indebtedness or Disqualified
Stock owing to a Non-Guarantor Subsidiary shall be subordinated in right of payment to the Issuer’s Obligations with respect
to the Notes and (y) any subsequent issuance or transfer of any Capital Stock or any other event which results in any such
Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness or Disqualified
Stock (except to the Issuer or another Restricted Subsidiary) shall be deemed, in each case, to be an Incurrence of such Indebtedness
or Disqualified Stock not permitted by this clause (vii);

 

(viii)            shares
of Preferred Stock of a Restricted Subsidiary issued to the Issuer or another Restricted Subsidiary; provided that any
subsequent issuance or transfer of any Capital Stock or any other event that results in any Restricted Subsidiary that holds such
shares of Preferred Stock of another Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer
of any such shares of Preferred Stock (except to the Issuer or another Restricted Subsidiary) shall be deemed, in each case, to
be an issuance of shares of Preferred Stock not permitted by this clause (viii);

 

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(ix)            Indebtedness,
Disqualified Stock or Preferred Stock of a Restricted Subsidiary owing to the Issuer or another Restricted Subsidiary; provided
that (x) if a Guarantor Incurs such Indebtedness, Disqualified Stock or Preferred Stock owing to a Non-Guarantor Subsidiary,
such Indebtedness, Disqualified Stock or Preferred Stock is subordinated in right of payment to the Guarantee of such Guarantor
and (y) any subsequent issuance or transfer of any Capital Stock or any other event that results in any Restricted Subsidiary
lending such Indebtedness, Disqualified Stock or Preferred Stock ceasing to be a Restricted Subsidiary or any other subsequent
transfer of any such Indebtedness, Disqualified Stock or Preferred Stock (except to the Issuer or another Restricted Subsidiary)
shall be deemed, in each case, to be an Incurrence of such Indebtedness, Disqualified Stock or Preferred Stock not permitted by
this clause (ix);

 

(x)            (x) Cash
Management Services or (y) Swap Contracts Incurred not for speculative purposes;

 

(xi)            obligations
(including reimbursement obligations with respect to letters of credit or bank guarantees or similar instruments) in respect of
customs, self-insurance, performance, government, bid, appeal and surety bonds and completion guarantees and similar obligations
provided by the Issuer or any Restricted Subsidiary;

 

(xii)           Indebtedness
or Disqualified Stock of the Issuer or any Restricted Subsidiary of the Issuer and Preferred Stock of any Restricted Subsidiary
of the Issuer in an aggregate principal amount or liquidation preference that, when aggregated with the principal amount or liquidation
preference of all other Indebtedness, Disqualified Stock and Preferred Stock then outstanding and Incurred pursuant to this clause
(xii), does not exceed the greater of (x) $300.0 million and (y) 6.0% of Total Assets, at any one time outstanding;

 

(xiii)          any
guarantee by the Issuer or a Restricted Subsidiary of Indebtedness or other obligations of the Issuer or any of its Restricted
Subsidiaries to the extent the Incurrence of such Indebtedness or other obligations is permitted under the terms of this Indenture;

 

(xiv)         the
Incurrence by the Issuer or any of its Restricted Subsidiaries of Indebtedness or Disqualified Stock or Preferred Stock of a Restricted
Subsidiary of the Issuer that serves to Refinance any Indebtedness Incurred (or unutilized commitments in respect of Indebtedness)
or Disqualified Stock or Preferred Stock issued by the Issuer or any Restricted Subsidiary as permitted under Section 3.3(a) or
Section 3.3(b)(i)(II), Section 3.3(b)(ii), Section 3.3(b)(iii), Section 3.3(b)(xiv),
Section 3.3(b)(xv) or Section 3.3(b)(xxix) or any Indebtedness Incurred (or commitments established)
or Disqualified Stock or Preferred Stock issued to so Refinance such Indebtedness (or unutilized commitments in respect of such
Indebtedness), Disqualified Stock or Preferred Stock, including, in each case, any additional Indebtedness Incurred or Disqualified
Stock or Preferred Stock issued to pay the Related Costs in connection therewith (subject to the following proviso, “Refinancing
Indebtedness”) prior to its respective maturity; provided, however, that such Refinancing Indebtedness:

 

(1)            has
a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is Incurred that is not less than the remaining
Weighted Average Life to Maturity of the Indebtedness, Disqualified Stock or Preferred Stock being Refinanced (which, in the case
of bridge loans or extendable bridge loans or other interim debt, shall be determined by reference to the notes or loans into
which such bridge loans or extendable bridge loans or other interim debt are converted or for which such bridge loans or extendable
bridge loans or interim debt are exchanged at maturity, and may be subject to other customary offers to repurchase or mandatory
prepayments upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default)
or, if earlier, the remaining Weighted Average Life to Maturity of the Notes;

 

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(2)            has
a Stated Maturity which is no earlier than the Stated Maturity of the Indebtedness being Refinanced (which, in the case of bridge
loans or extendable bridge loans or other interim debt, shall be determined by reference to the notes or loans into which such
bridge loans or extendable bridge loans or other interim debt are converted or for which such bridge loans or extendable bridge
loans or interim debt are exchanged at maturity, and may be subject to other customary offers to repurchase or mandatory prepayments
upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default) or, if earlier,
the Stated Maturity of the Notes;

 

(3)            to
the extent that such Refinancing Indebtedness Refinances (i) Subordinated Indebtedness, such Refinancing Indebtedness is
Subordinated Indebtedness or (ii) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness is Disqualified Stock
or Preferred Stock, respectively; and

 

(4)            shall
not include Indebtedness, Disqualified Stock or Preferred Stock of a Non-Guarantor Subsidiary that Refinances Indebtedness, Disqualified
Stock or Preferred Stock of the Issuer or a Guarantor;

 

(xv)          (A) Indebtedness,
Disqualified Stock or Preferred Stock (i) of the Issuer or any of its Restricted Subsidiaries Incurred or assumed in connection
with an acquisition of any assets (including Capital Stock), business or Person and (ii) of any Person that is acquired by
the Issuer or any of its Restricted Subsidiaries or merged into or consolidated or amalgamated with the Issuer or a Restricted
Subsidiary in accordance with the terms of this Indenture and (B) Indebtedness Incurred or assumed in connection with an
acquisition of any assets (including Capital Stock), business or Person; provided, however, that after giving Pro
Forma Effect to such acquisition, merger, consolidation, amalgamation or any related transactions, either:

 

(1)            the
Issuer would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test
set forth in Section 3.3(a); or

 

(2)            the
Fixed Charge Coverage Ratio would be equal to or greater than such ratio immediately prior to giving Pro Forma Effect to such
acquisition, merger, consolidation, amalgamation or any related transactions;

 

(xvi)         Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient
funds in the ordinary course of business;

 

(xvii)        Indebtedness
of the Issuer or any Restricted Subsidiary supported by a letter of credit or bank guarantee issued pursuant to any Credit Agreement,
to the extent such letter of credit has not been terminated and is in a principal amount not in excess of the stated amount of
such letter of credit or bank guarantee;

 

(xviii)       [reserved];

 

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(xix)          Indebtedness
of the Issuer or any Restricted Subsidiary consisting of (x) the financing of insurance premiums or (y) take-or-pay
obligations contained in supply arrangements, in each case, in the ordinary course of business;

 

(xx)           Indebtedness
or Preferred Stock of Non-Guarantor Subsidiaries in an amount, when combined with the aggregate principal amount of Indebtedness
outstanding under clause (xxxi) below, not to exceed the greater of (x) $100.0 million and (y) 2.0% of Total
Assets, at any one time outstanding;

 

(xxi)          Indebtedness
of a joint venture to the Issuer or a Restricted Subsidiary and to the other holders of Equity Interests or participants of such
joint venture, to the extent the percentage of the aggregate amount of such Indebtedness of such joint venture owed to such holders
of its Equity Interests or participants of such joint venture does not exceed the percentage of the aggregate outstanding amount
of the Equity Interests of such joint venture held by such holders or such participant’s participation in such joint venture;

 

(xxii)         Indebtedness,
Disqualified Stock or Preferred Stock Incurred in a Qualified Receivables Financing or a Qualified Receivables Factoring that
is not recourse to the Issuer or any Restricted Subsidiary (except for Standard Securitization Undertakings) other than a Receivables
Subsidiary or a Person described in the definition of “Factoring Transaction,” in an amount not to exceed the greater
of (x) $400.0 million and (y) 8.0% of Total Assets, at any one time outstanding;

 

(xxiii)        Indebtedness
or Preferred Stock of a Restricted Subsidiary that is a Foreign Subsidiary in an amount not to exceed the greater of (x) $100.0
million and (y) 2.0% of Total Assets, at any one time outstanding;

 

(xxiv)        Indebtedness
consisting of Indebtedness issued by the Issuer or any Restricted Subsidiary to future, current or former officers, directors,
managers, employees, consultants and independent contractors thereof, or any Restricted Subsidiary, or their respective estates,
heirs, family members, spouses or former spouses, in each case to finance the purchase or redemption of Equity Interests of the
Issuer to the extent permitted under the covenant described under Section 3.4;

 

(xxv)        customer
deposits and advance payments received in the ordinary course of business from customers for goods purchased in the ordinary course
of business;

 

(xxvi)        Indebtedness
Incurred by the Issuer or a Restricted Subsidiary in connection with bankers’ acceptances, discounted bills of exchange,
warehouse receipts or similar facilities, or the discounting or factoring of receivables for credit management purposes, in each
case Incurred or undertaken in the ordinary course of business;

 

(xxvii)       Indebtedness
Incurred by the Issuer or any Restricted Subsidiary to the extent that the net proceeds thereof are promptly deposited with the
Trustee to satisfy and discharge any of the Notes in accordance with this Indenture;

 

(xxviii)      (i) guarantees
Incurred in the ordinary course of business by the Issuer or any of its Restricted Subsidiaries and not in respect of Indebtedness
for borrowed money and (ii) Indebtedness Incurred by the Issuer or a Restricted Subsidiary or their respective Affiliates
as a result of leases entered into by the Issuer or such Restricted Subsidiary in the ordinary course of business;

 

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(xxix)        Indebtedness
Incurred in respect of the Existing Convertible Notes in an aggregate amount not to exceed $350.0 million;

 

(xxx)         Indebtedness
of the Issuer or a Restricted Subsidiary owing to an Unrestricted Subsidiary; provided that, any such Indebtedness shall
be subordinated in right of payment to the Obligations of the Issuer or such Restricted Subsidiary with respect to the Notes and
the related Guarantees and is in an aggregate outstanding principal amount at the time of incurrence thereof not to exceed under
this clause (xxx) the greater of (i) $100.0 million and (ii) 2.0% of Total Assets at any one time outstanding;

 

(xxxi)        guarantees
of Indebtedness of any joint venture in an aggregate principal amount, when combined with the aggregate principal amount of Indebtedness
outstanding under clause (xx) above, not to exceed the greater of (x) $100.0 million and (y) 2.0% of Total
Assets at any one time outstanding; and

 

(xxxii)       Indebtedness,
Disqualified Stock or Preferred Stock of the Issuer or a Restricted Subsidiary Incurred to finance or assumed in connection with
an acquisition of any assets (including Capital Stock), business or Person, or any other Investment in accordance with this Indenture,
in an aggregate principal amount or liquidation preference that does not exceed the greater of (x) $100.0 million and
(y) 2.0% of Total Assets at any one time outstanding.

 

(c)            For
purposes of determining compliance with this Section 3.3, (w) in the event that an item of Indebtedness, Disqualified
Stock or Preferred Stock (or any portion thereof) meets the criteria of more than one of the categories of Permitted Debt or is
entitled to be Incurred pursuant to Section 3.3(a), the Issuer shall, in its sole discretion, at the time of Incurrence,
divide, classify or reclassify, or at any later time divide, classify or reclassify, such item of Indebtedness, Disqualified Stock
or Preferred Stock (or any portion thereof) in any manner that complies with this Section 3.3; provided that
all Indebtedness (and any undrawn commitments) (1) under the Existing Credit Agreement Incurred on or prior to, and outstanding
on, the Issue Date shall be deemed to have been Incurred pursuant to Section 3.3(b)(i)(I) and the Issuer shall
not be permitted to reclassify all or any portion of such Indebtedness (or such commitments) Incurred on or prior to, and outstanding
on, the Issue Date pursuant to Section 3.3(b)(i)(I) and (2) in respect of the Existing Convertible Notes
Incurred on or prior to the Issue Date shall be deemed to have been Incurred pursuant to Section 3.3(b)(xxix) and
the Issuer shall not be permitted to reclassify all or any portion of Indebtedness Incurred on or prior to the Issue Date pursuant
to Section 3.3(b)(xxix); provided, further, that (if the Issuer shall so determine) any Indebtedness
Incurred pursuant to clauses (iv), (xii), (xx), (xxiii), (xxx), (xxxi) or (xxxii) of Section 3.3(b) shall
cease to be deemed outstanding for purposes of any such clause but shall instead be deemed Incurred for the purposes of Section 3.3(a) from
and after the first date on which the Issuer or any Restricted Subsidiary could have Incurred such Indebtedness under Section 3.3(a) without
reliance on such clause; (x) unless the context otherwise requires or states, in the event that Indebtedness could be Incurred
in part under Section 3.3(a) and/or Section 3.3(b)(i)(II) and/or Section 3.3(b)(xv) (other
than by reason of Section 3.3(b)(xv)(2)), the Issuer, in its sole discretion, may classify a portion of such Indebtedness
as having been Incurred under Section 3.3(a) and/or Section 3.3(b)(i)(II) and/or Section 3.3(b)(xv) and
thereafter the remainder of such Indebtedness as having been Incurred under any other clause of Section 3.3(b); (y) if
any Indebtedness is Incurred to Refinance Indebtedness initially Incurred (or, Indebtedness Incurred to Refinance Indebtedness
initially Incurred) in reliance on any provision of Section 3.3 measured by reference to a percentage of Four Quarter
EBITDA or Total Assets, and such Refinancing would cause the percentage of Four Quarter EBITDA or Total Assets restriction to
be exceeded if calculated based on the Four Quarter EBITDA or Total Assets on the date of such Refinancing, such percentage of
Four Quarter EBITDA or Total Assets restriction shall not be deemed to be exceeded (and such newly Incurred Indebtedness shall
be deemed permitted) to the extent the principal amount of such newly Incurred Indebtedness does not exceed the principal amount
of such Indebtedness being Refinanced, plus the Related Costs Incurred or payable in connection with such Refinancing; and (z) if
any Indebtedness is Incurred to Refinance Indebtedness initially Incurred (or, Indebtedness Incurred to Refinance Indebtedness
initially Incurred) in reliance on any provision of Section 3.3 measured by a dollar amount, such dollar amount shall
not be deemed to be exceeded (and such newly Incurred Indebtedness shall be deemed permitted) to the extent the principal amount
of such newly Incurred Indebtedness does not exceed the principal amount of such Indebtedness being Refinanced, plus the Related
Costs Incurred or payable in connection with such Refinancing. Accrual of interest or dividends, the accretion of accreted value,
the accretion or amortization of original issue discount, the payment of interest or dividends in the form of additional Indebtedness
with the same terms, the payment of dividends on Disqualified Stock or Preferred Stock in the form of additional shares of Disqualified
Stock or Preferred Stock of the same class, the accretion of original issue discount or liquidation preference and increases in
the amount of Indebtedness, Disqualified Stock or Preferred Stock outstanding solely as a result of fluctuations in the exchange
rate of currencies will not be deemed to be an Incurrence of Indebtedness, Disqualified Stock or Preferred Stock for purposes
of this covenant (or any category of Permitted Liens described in the definition thereof). Guarantees of, or obligations in respect
of letters of credit relating to, Indebtedness that are otherwise included in the determination of a particular amount of
Indebtedness shall not be included in the determination of such amount of Indebtedness, provided that the Incurrence of
the Indebtedness represented by such guarantee or letter of credit, as the case may be, was in compliance with this covenant.

 

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(d)            For
purposes of determining compliance with any provision of this Section 3.3 (or any category of Permitted Liens described
in the definition thereof) measured by a dollar amount or by reference to a percentage of Four Quarter EBITDA or Total Assets,
in each case, the 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 or Liens securing such Indebtedness were granted,
in the case of term debt, or first committed or first Incurred (or granted) (whichever yields the lower U.S. dollar-equivalent),
in the case of revolving credit debt or delayed draw debt, or first issued, in the case of Disqualified Stock or Preferred Stock;
provided that if such Indebtedness is Incurred (or commitments established) or Disqualified Stock or Preferred Stock issued
to Refinance other Indebtedness (or unutilized commitments in respect of such Indebtedness), Disqualified Stock or Preferred Stock
denominated in a foreign currency, and such Refinancing would cause the applicable provision of this Section 3.3 (or
category of Permitted Liens) to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such
Refinancing, such provision of this Section 3.3 (or category of Permitted Liens) shall be deemed not to have been
exceeded to the extent the principal amount of such newly Incurred Indebtedness does not exceed the principal amount of such Indebtedness
or the maximum fixed repurchase price amount of such Disqualified Stock or Preferred Stock, as the case may be, being Refinanced
(plus the Related Costs in connection therewith).

 

(e)            The
principal amount of any Indebtedness Incurred (or commitments established) and the maximum fixed repurchase price amount of Disqualified
Stock or Preferred Stock issued to Refinance other Indebtedness (or unutilized commitments in respect of such Indebtedness), if
Incurred in a different currency from the Indebtedness, Disqualified Stock or Preferred Stock being Refinanced, shall be calculated
for all purposes under this Indenture (including for purposes of the definition of “Permitted Liens”) based on the
currency exchange rate applicable to the currencies in which such respective Indebtedness (or unutilized commitments in respect
of such Indebtedness), Disqualified Stock or Preferred Stock is denominated that is in effect on the date of such Refinancing.

 

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Section 3.4        Limitation
on Restricted Payments.

 

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

 

(i)            declare
or pay any dividend or make any payment or distribution on account of the Issuer’s or any of its Restricted Subsidiaries’
Equity Interests, including any payment made in connection with any merger or consolidation involving the Issuer (other than (A) dividends
or distributions by the Issuer payable solely in Equity Interests (other than Disqualified Stock) of the Issuer; or (B) dividends
or distributions by a Restricted Subsidiary so long as, in the case of any dividend or distribution payable on or in respect of
any class or series of securities issued by a Restricted Subsidiary other than a Wholly Owned Restricted Subsidiary, the Issuer
or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its Equity
Interests in such class or series of securities);

 

(ii)           purchase,
redeem, defease or otherwise acquire or retire for value any Equity Interests of the Issuer, including in connection with any merger
or consolidation;

 

(iii)          make
any voluntary principal payment on, or voluntarily redeem, repurchase, defease or otherwise acquire or retire for value, in each
case, prior to any scheduled repayment, sinking fund payment or maturity, any Subordinated Indebtedness (other than the payment,
redemption, repurchase, defeasance, acquisition or retirement of (A) Subordinated Indebtedness in anticipation of satisfying
a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such payment,
redemption, repurchase, defeasance, acquisition or retirement and (B) Indebtedness permitted under Section 3.3(b)(vii) or
Section 3.3(b)(ix)); or

 

(iv)          make
any Restricted Investment;

 

(all such payments and other actions set forth in clauses (i) through
(iv) above being collectively referred to as “Restricted Payments”), unless, at the time of such Restricted
Payment:

 

(A)          no
Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof;

 

(B)          immediately
after giving effect to such transaction and any related transactions on a Pro Forma Basis, the Issuer could Incur $1.00 of additional
Indebtedness as Ratio Debt; and

 

(C)          such
Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Issuer and its Restricted Subsidiaries
after the Issue Date (including Restricted Payments permitted by Section 3.4(b)(i), but excluding all other Restricted
Payments permitted by Section 3.4(b)), is less than the sum of, without duplication,

 

(1)            (x) $140.0 million
plus (y) 50.0% of the Consolidated Net Income of the Issuer for the period (taken as one accounting period) beginning
on the first day of the fiscal quarter in which the Issue Date occurs to the end of the Issuer’s most recently ended fiscal
quarter for which internal financial statements are available at the time of such Restricted Payment, or, in the case that such
Consolidated Net Income for such period is a deficit, minus 100.0% of such deficit, plus

 

(2)            100.0%
of the aggregate net proceeds, including cash and the Fair Market Value of assets (other than cash), received by the Issuer after
the Issue Date from the issue or sale of Equity Interests of the Issuer, including such Equity Interests issued upon exercise of
warrants or options, plus

 

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(3)            100.0%
of the aggregate amount of contributions to the capital of the Issuer received in cash and the Fair Market Value of assets (other
than cash) after the Issue Date, plus

 

(4)            the
principal amount of any Indebtedness, or the liquidation preference or maximum fixed repurchase price, as the case may be, of any
Disqualified Stock, in each case, of the Issuer or any Restricted Subsidiary thereof (other than Indebtedness or Disqualified Stock
issued to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Issuer or any Restricted Subsidiary)
issued after the Issue Date that, in each case, has been converted into or exchanged for Equity Interests in the Issuer, plus

 

(5)            100.0%
of the aggregate amount received by the Issuer or any Restricted Subsidiary in cash and the Fair Market Value of assets (other
than cash) received by the Issuer or any Restricted Subsidiary from

 

(A)         the
sale or other disposition (other than to the Issuer or a Restricted Subsidiary of the Issuer) of Restricted Investments made after
the Issue Date by the Issuer and its Restricted Subsidiaries and from repurchases and redemptions of such Restricted Investments
from the Issuer and its Restricted Subsidiaries by any Person (other than the Issuer or any of its Restricted Subsidiaries) and
from repayments of loans or advances which constituted Restricted Investments (other than to the extent the Restricted Investment
was made pursuant to Section 3.4(b)(x)), or

 

(B)          the
sale (other than to the Issuer or a Restricted Subsidiary or an employee stock ownership plan or trust established by the Issuer
or any Restricted Subsidiary) of the Capital Stock of an Unrestricted Subsidiary after the Issue Date, plus

 

(6)            in
the event any Unrestricted Subsidiary of the Issuer has been redesignated as a Restricted Subsidiary or has been merged, consolidated
or amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, the Issuer or a Restricted Subsidiary
of the Issuer, in each case after the Issue Date, the Fair Market Value of the Investment of the Issuer in such Unrestricted Subsidiary
at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable), other than
in each case to the extent that the designation of such Subsidiary as an Unrestricted Subsidiary was made pursuant to Section 3.4(b)(x) or
constituted a Permitted Investment.

 

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

 

(i)            the
payment of any dividend or distribution or consummation of any redemption within 60 days after the date of declaration thereof
or the giving of a redemption notice related thereto, if at the date of declaration or notice such payment would have complied
with this Section 3.4;

 

(ii)           (a)         the
redemption, repurchase, retirement or other acquisition of any Equity Interests (“Retired Capital Stock”) of
the Issuer, or Subordinated Indebtedness, in exchange for, or out of the proceeds of the issuance or sale of, Equity Interests
of the Issuer or contributions to the equity capital of the Issuer (collectively, including any such contributions, “Refunding
Capital Stock”);

 

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(b)            the
declaration and payment of accrued dividends on the Retired Capital Stock out of the proceeds of the issuance or sale (other than
to a Subsidiary of the Issuer or to an employee stock ownership plan or any trust established by the Issuer or any of its Subsidiaries)
of Refunding Capital Stock; and

 

(c)            if
immediately prior to the retirement of the Retired Capital Stock, the declaration and payment of dividends thereon was permitted
pursuant to this Section 3.4 and has not been made as of such time (the “Unpaid Amount”), the declaration
and payment of dividends on the Refunding Capital Stock (other than Refunding Capital Stock the proceeds of which were used to
redeem, repurchase, retire or otherwise acquire any Equity Interests of the Issuer) in an aggregate amount no greater than the
Unpaid Amount;

 

(iii)          the
payment, purchase, redemption, defeasance, repurchase or other acquisition or retirement of Subordinated Indebtedness made by exchange
for, or out of the proceeds of the Incurrence of, Refinancing Indebtedness thereof;

 

(iv)          the
purchase, retirement, redemption or other acquisition (or Restricted Payments to the Issuer to finance any such purchase, retirement,
redemption or other acquisition) for value of Equity Interests (including related stock appreciation rights or similar securities)
of the Issuer held directly or indirectly by any future, present or former employee, officer, director, manager, consultant or
independent contractor of the Issuer or any Subsidiary of the Issuer or their estates, heirs, family members, spouses or former
spouses or permitted transferees (including for all purposes of this clause (iv), Equity Interests held by any entity whose Equity
Interests are held by any such future, present or former employee, officer, director, manager, consultant or independent contractor
or their estates, heirs, family members, spouses or former spouses or permitted transferees) pursuant to any management equity
plan or stock option plan or any other management or employee benefit plan or other agreement or arrangement or any stock subscription
or shareholder or similar agreement; provided, however, that, except with respect to non-discretionary purchases,
the aggregate amounts paid under this clause (iv) shall not exceed $30.0 million in any calendar year (with unused amounts
in any calendar year being permitted to be carried over for the next two succeeding calendar years); provided, further,
however, that such amount in any calendar year may be increased by an amount not to exceed:

 

(a)            the
cash proceeds received by the Issuer from the issuance or sale of Equity Interests (other than Disqualified Stock) of the Issuer,
to any future, present or former employees, officers, directors, managers, consultants or independent contractors of the Issuer
or its Subsidiaries that occurs after the Issue Date; provided that the amount of such cash proceeds utilized for any such
repurchase, retirement, other acquisition or dividend will not increase the amount available for Restricted Payments under Section 3.4(a)(C);
plus

 

(b)            the
cash proceeds of key man life insurance policies received by the Issuer or its Restricted Subsidiaries after the Issue Date; plus

 

(c)            the
amount of any cash bonuses otherwise payable to employees, officers, directors, managers, consultants or independent contractors
of the Issuer or its Subsidiaries that are foregone in return for the receipt of Equity Interests; less

 

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(d)            the
amount of cash proceeds described in clause (a), (b) or (c) of this Section 3.4(b)(iv) previously used
to make Restricted Payments pursuant to this Section 3.4(b)(iv); provided that the Issuer may elect to apply
all or any portion of the aggregate increase contemplated by clauses (a), (b) and (c) of this Section 3.4(b)(iv) in
any calendar year;

 

in addition, cancellation of Indebtedness owing to
the Issuer or any Restricted Subsidiary from any future, current or former officer, director, employee, manager, consultant or
independent contractor (or any permitted transferees thereof) of the Issuer or any of its Subsidiaries thereof, in connection with
a repurchase of Equity Interests of the Issuer from such Persons will not be deemed to constitute a Restricted Payment for purposes
of this covenant or any other provisions of this Indenture;

 

(v)          the
declaration and payment of dividends or distributions to holders of any class or series of Disqualified Stock of the Issuer or
any of its Restricted Subsidiaries and any class or series of Preferred Stock of any Restricted Subsidiaries issued or Incurred
after the Issue Date in accordance with Section 3.3;

 

(vi)         [reserved];

 

(vii)        [reserved];

 

(viii)       Restricted
Payments by the Issuer in order to effectuate regularly scheduled dividend payments in an aggregate amount per fiscal year of the
Issuer not to exceed the greater of (x) $100.0 million and (y) 2.0% of Total Assets;

 

(ix)         [reserved];

 

(x)          other
Restricted Payments (including loans or advances) in an aggregate amount in any fiscal year not to exceed (net of repayments of
any such loans or advances) the greater of (i) $125.0 million and (ii) 2.5% of Total Assets;

 

(xi)         the
payment, purchase, redemption, defeasance or other acquisition or retirement for value of Subordinated Indebtedness, Disqualified
Stock or Preferred Stock of the Issuer and its Restricted Subsidiaries pursuant to provisions similar to Section 3.7
and Section 3.9; provided that, prior to such payment, purchase, redemption, defeasance or other acquisition
or retirement for value, the Issuer (or a third party to the extent permitted by this Indenture) have made a Change of Control
Offer or Asset Sale Offer, as the case may be, with respect to the Notes as a result of such Change of Control or Asset Sale, as
the case may be, and have paid, repurchased, redeemed, defeased, acquired or retired all Notes validly tendered and not withdrawn
in connection with such Change of Control Offer or Asset Sale Offer, as the case may be;

 

(xii)        [reserved];

 

(xiii)       [reserved];

 

(xiv)       [reserved];

 

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(xv)         (i) repurchases
of Equity Interests deemed to occur upon exercise of stock options, warrants or similar equity incentive awards if such Equity
Interests represent a portion of the exercise price of such options, warrants or similar equity incentive awards, (ii) repurchases
of Equity Interests to fund payments made or expected to be made by the Issuer or any Restricted Subsidiary in respect of withholding
taxes payable or expected to be payable by any future, present or former director, officer, employee, manager, consultant, agent
or independent contractor of the Issuer or any Subsidiary of the Issuer (or their respective Affiliates, estates or immediate family
members) in connection with the exercise of stock options or the grant, vesting or delivery of Equity Interests, and the corresponding
payments of such taxes and (iii) loans or advances to officers, directors, employees, managers, consultants, agents and independent
contractors of the Issuer or any Subsidiary of the Issuer in connection with such Person’s purchase of Equity Interests of
the Issuer; provided that no cash is actually advanced pursuant to this clause (iii) other than to pay taxes due in
connection with such purchase, unless immediately repaid;

 

(xvi)        Investments
relating to any Receivables Subsidiary that, in the good faith determination of the Issuer, are necessary or advisable to effect
a Receivables Financing or any repurchases or other transactions in connection therewith;

 

(xvii)       payments
or distributions to satisfy dissenters’ rights, pursuant to or in connection with a consolidation, merger, amalgamation or
transfer of assets that complies with the provisions of this Indenture;

 

(xviii)      any
payments made in connection with the Transactions pursuant to the Acquisition Agreement and any other agreements or documents related
to the Transactions (without giving effect to subsequent amendments, waivers or other modifications to such agreement or documents)
or as otherwise described in the Offering Memorandum;

 

(xix)        the
payment of cash in lieu of the issuance of fractional shares of Equity Interests in connection with any merger, consolidation,
amalgamation or other business combination, or in connection with any dividend, distribution or split of, or upon exercise, conversion
or exchange of Equity Interests, warrants, options or other securities exercisable or convertible into, Equity Interests of the
Issuer;

 

(xx)          Investments
in Unrestricted Subsidiaries in an aggregate amount, taken together with all other Investments made pursuant to this clause (xx) that
are at the time outstanding not to exceed the greater of (x) $100.0 million and (y) 2.0% of Total Assets outstanding
at any one time;

 

(xxi)         any
Restricted Payment; provided that on a Pro Forma Basis after giving effect to such Restricted Payment and any related transactions
the Consolidated Total Net Debt Ratio would be equal to or less than 3.50 to 1.00;

 

(xxii)        the
Issuer and its Restricted Subsidiaries may make any payments required by the terms of, and otherwise perform its obligations under,
any Permitted Convertible Indebtedness (including, without limitation, making payments of principal at maturity and/or making payments
of cash upon conversion thereof); provided that the aggregate amount of cash paid in reliance on this clause (xxii) shall
not exceed the stated principal amount of such Permitted Convertible Indebtedness;

 

(xxiii)       the
Issuer and its Restricted Subsidiaries may pay the premium in respect of, and otherwise perform its obligations under, any Permitted
Bond Hedge Transaction;

 

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(xxiv)           the
Issuer and its Restricted Subsidiaries may make any payments required by the terms of, and otherwise perform its obligations under,
any Permitted Warrant Transaction (including, without limitation, making payments due upon exercise and settlement or termination
thereof); and

 

(xxv)            the
Issuer and its Restricted Subsidiaries may issue and sell any Permitted Warrant Transaction substantially concurrently with any
issuance or sale of Permitted Convertible Indebtedness permitted hereunder;

 

provided, however, that at the time of, and after
giving effect to, any Restricted Payment permitted under Section 3.4(b)(x) and Section 3.4(b)(xxi),
no Default shall have occurred and be continuing or would occur as a consequence thereof. For purposes of Section 3.4(b)(xv) above,
taxes shall include all interest, additions to tax, and penalties with respect thereto.

 

(c)            As
of the Issue Date, all of the Issuer’s Subsidiaries are Restricted Subsidiaries. The Issuer will not permit any Unrestricted
Subsidiary to become a Restricted Subsidiary except pursuant to Section 3.14. For purposes of designating any Restricted
Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Issuer and its Restricted Subsidiaries (except to
the extent repaid) in the Subsidiary so designated will be deemed to be Restricted Payments or Permitted Investments in an amount
determined as set forth in the last sentence of the definition of “Investments.” Such designation will only be permitted
if a Restricted Payment or Permitted Investment in such amount would be permitted at such time and if such Subsidiary otherwise
meets the definition of an Unrestricted Subsidiary. Unrestricted Subsidiaries will not be subject to any of the covenants set forth
in this Indenture.

 

(d)            For
purposes of this Section 3.4, if any Investment or Restricted Payment (or a portion thereof) would be permitted pursuant
to one or more provisions described above and/or one or more of the exceptions contained in the definition of “Permitted
Investments,” the Issuer may divide and classify such Investment or Restricted Payment (or a portion thereof) in any manner
that complies with this Section 3.4 and may later divide and reclassify any such Investment or Restricted Payment to
the extent the Investment or Restricted Payment (as so divided and/or reclassified) would be permitted to be made in reliance on
the applicable exception as of the date of such reclassification.

 

(e)            Notwithstanding
any other provision of this Indenture, this Indenture shall not restrict any redemption or other payment by the Issuer or any Restricted
Subsidiary made as a mandatory principal redemption or other payment in respect of permitted Subordinated Indebtedness pursuant
to an “AHYDO saver” provision of any agreement or instrument in respect of such permitted Subordinated Indebtedness,
and the Issuer’s determination in good faith of the amount of any such “AHYDO saver” mandatory principal redemption
or other payment shall be conclusive and binding for all purposes under this Indenture.

 

Section 3.5         Liens.

 

(a)            The
Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, Incur or suffer to exist
any Lien securing Indebtedness (other than Permitted Liens) on any asset or property of the Issuer or such Restricted Subsidiary,
unless (1) in the case of Liens securing Subordinated Indebtedness, the Notes and any applicable Guarantee are secured by
a Lien on such property or assets and the proceeds thereof that is senior in priority to such Liens; or (2) in all other cases,
the Notes and the applicable Guarantee are secured by a Lien on such property or assets and the proceeds thereof equally and ratably
with or prior to such Liens.

 

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(b)            Any
Lien which is granted to secure the Notes or such Guarantee under Section 3.5(a) shall be automatically and unconditionally
released and discharged at the same time as the release of the Lien (other than a release following enforcement of remedies in
respect of such Lien or the Obligations secured by such Lien) that gave rise to the obligation to secure the Notes or such Guarantee
under Section 3.5(a).

 

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

 

Section 3.6        Dividend
and Other Payment Restrictions Affecting Subsidiaries. The Issuer will not, and will not permit any of its Restricted Subsidiaries
(other than the Guarantors) to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual
encumbrance or consensual restriction on the ability of any Restricted Subsidiary (other than the Guarantors) to:

 

(a)           (i) pay
dividends or make any other distributions to the Issuer or any Guarantor on its Capital Stock; or (ii) pay any Indebtedness
owed to the Issuer or any Guarantor;

 

(b)           make
loans or advances to the Issuer or any Guarantor; or

 

(c)           sell,
lease or transfer any of its properties or assets to the Issuer or any Guarantor;

 

except in each case for such encumbrances
or restrictions existing under or by reason of:

 

(i)            contractual
encumbrances or restrictions of the Issuer or any of its Restricted Subsidiaries in effect on the Issue Date, including pursuant
to the Credit Agreement and the other documents relating to the Credit Agreement, related Swap Contracts and Indebtedness permitted
pursuant to Section 3.3(b)(iii);

 

(ii)           this
Indenture, the Notes and the Guarantees thereof;

 

(iii)          applicable
law or any applicable rule, regulation or order;

 

(iv)          any
agreement or other instrument of a Person acquired by or merged, amalgamated or consolidated with or into the Issuer or any Restricted
Subsidiary or an Unrestricted Subsidiary that is designated a Restricted Subsidiary which was in existence at the time of such
acquisition (or at the time it merges, amalgamates or consolidates with or into the Issuer or any Restricted Subsidiary or is designated
a Restricted Subsidiary) or assumed in connection with the acquisition of assets from such Person (but, in each case, not created
in contemplation thereof); provided that for purposes of this clause (iv), if a Person other than the Issuer or such Restricted
Subsidiary is the Successor Company with respect thereto, any Subsidiary of such Person, or any agreement or instrument of such
Person or any such Subsidiary shall be deemed acquired or assumed, as the case may be, by the Issuer or a Restricted Subsidiary,
as the case may be, when such Person becomes such Successor Company;

 

(v)           customary
encumbrances or restrictions contained in contracts or agreements for the sale of assets applicable to such assets pending consummation
of such sale, including customary restrictions with respect to a Restricted Subsidiary imposed pursuant to an agreement entered
into for the sale or disposition of Capital Stock or assets of such Restricted Subsidiary;

 

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(vi)          restrictions
on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business;

 

(vii)         customary
provisions in (x) joint venture agreements entered into in the ordinary course of business with respect to the Equity Interests
subject to the joint venture and (y) operating or other similar agreements, asset sale agreements and stock sale agreements
entered into in connection with the entering into of such transaction, which limitation is applicable only to the assets that are
the subject of those agreements;

 

(viii)        purchase
money obligations for property acquired and Capitalized Lease Obligations entered into in the ordinary course of business, to the
extent such obligations impose restrictions of the nature discussed in Section 3.6(c) on the property so acquired;

 

(ix)          customary
provisions contained in leases, sub-leases, licenses, sublicenses, contracts and other similar agreements entered into in the ordinary
course of business to the extent such obligations impose restrictions on the property subject to such lease, sub-lease, license,
sublicense, contract or other similar agreement;

 

(x)           any
encumbrance or restriction effected in connection with a Qualified Receivables Factoring or Qualified Receivables Financing that,
in the good faith determination of the Issuer, are necessary or advisable to effect such Qualified Receivables Factoring or Qualified
Receivables Financing;

 

(xi)          other
Indebtedness, Disqualified Stock or Preferred Stock of the Issuer or any Restricted Subsidiary of the Issuer that is Incurred subsequent
to the Issue Date pursuant to Section 3.3; provided that such encumbrances and restrictions contained in any
agreement or instrument will not materially impair the Issuer’s ability to make anticipated principal or interest payments
on the Notes (as determined by the Issuer in good faith);

 

(xii)         any
encumbrance or restriction contained in Secured Indebtedness otherwise permitted to be Incurred pursuant to Section 3.3
and Section 3.5 to the extent limiting the right of the debtor to dispose of the assets securing such Indebtedness;

 

(xiii)        any
encumbrance or restriction arising or agreed to in the ordinary course of business, not relating to any Indebtedness, and that,
individually or in the aggregate, (x) do not detract from the value of the property or assets of the Issuer or any Restricted
Subsidiary in any manner material to the Issuer or any Restricted Subsidiary or (y) do not materially impair the Issuer’s
ability to make future principal or interest payments on the Notes, in each case under this clause (xiii), as determined by the
Issuer in good faith;

 

(xiv)        customary
provisions in joint venture agreements or arrangements and other similar agreements or arrangements relating solely to the applicable
joint venture;

 

(xv)         existing
under, by reason of or with respect to Refinancing Indebtedness; provided that the encumbrances and restrictions contained
in the agreements governing that Refinancing Indebtedness are, in the good faith judgment of the Issuer, not materially more restrictive,
taken as a whole, than those contained in the agreements governing the Indebtedness being Refinanced; and

 

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(xvi)         any
encumbrances or restrictions of the type referred to in clauses (a), (b) and (c) of this Section 3.6 imposed
by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the
contracts, instruments or obligations referred to in clauses (i) through (xv) of this Section 3.6; provided
that such encumbrances and restrictions contained in any such amendment, modification, restatement, renewal, increase, supplement,
refunding, replacement or refinancing are, in the good faith judgment of the Issuer, not materially more restrictive, taken as
a whole, than the encumbrances and restrictions prior to such amendment, modification, restatement, renewal, increase, supplement,
refunding, replacement or refinancing.

 

For purposes of determining compliance with
this Section 3.6, (i) 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 and (ii) the subordination of loans or advances made to the Issuer or a Restricted Subsidiary
of the Issuer to other Indebtedness Incurred by the Issuer or any such Restricted Subsidiary shall not be deemed a restriction
on the ability to make loans or advances.

 

Section 3.7         Asset
Sales.

 

(a)            The
Issuer will not, and will not permit any of its Restricted Subsidiaries to, cause or make an Asset Sale, unless:

 

(i)            the
Issuer or any of its Restricted Subsidiaries, as the case may be, receives consideration (including by way of relief from, or by
any other person assuming responsibility for, any liabilities, contingent or otherwise) at the time of such Asset Sale at least
equal to the Fair Market Value (on the date a legally binding commitment for such Asset Sale was entered into) of the assets sold
or otherwise disposed of; and

 

(ii)           at
least 75.0% of the consideration therefor, together with all other Asset Sales since the Issue Date (on a cumulative basis) received
by the Issuer or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents or Replacement Assets;
provided, however, that the amount of:

 

(1)            any
liabilities (as shown on the Issuer’s most recent consolidated balance sheet or in the footnotes thereto, or if incurred,
accrued or increased subsequent to the date of such balance sheet, such liabilities that would have been reflected on the Issuer’s
consolidated balance sheet or in the footnotes thereto if such incurrence, accrual or increase had taken place on or prior to the
date of such balance sheet, as determined by the Issuer) of the Issuer or any Restricted Subsidiary, other than liabilities that
are by their terms subordinated to the Notes or the Guarantees or that are assumed by the transferee of any such assets or Equity
Interests (or are otherwise extinguished in connection with the transactions relating to such Asset Sale) pursuant to a written
agreement that releases or indemnifies the Issuer or such Restricted Subsidiary from such liabilities;

 

(2)            any
notes or other obligations or other securities or assets received by the Issuer or such Restricted Subsidiary from such transferee
that are converted by the Issuer or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to
be satisfied for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received) within 180 days of the receipt
thereof; and

 

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(3)            any
Designated Non-cash Consideration received by the Issuer or any of its Restricted Subsidiaries in such Asset Sale having an aggregate
Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (3) that
is at that time outstanding, not to exceed the greater of (x) $125.0 million and (y) 2.5% of Total Assets (with
the Fair Market Value of each item of Designated Non-cash Consideration being measured on the date a legally binding commitment
for such disposition (or, if later, for the payment of such item) was entered into and without giving effect to subsequent changes
in value);

 

shall each be deemed to be Cash Equivalents
for the purposes of this clause (ii).

 

(b)          Within
365 days after the Issuer’s or any Restricted Subsidiary’s receipt of the Net Cash Proceeds of any Asset Sale, the
Issuer or such Restricted Subsidiary may apply an amount equal to the Net Cash Proceeds from such Asset Sale, at its option:

 

(i)            to
reduce Obligations under the Credit Agreement and, in the case of revolving loans, to correspondingly reduce commitments with respect
thereto;

 

(ii)           to
reduce Obligations under Indebtedness (other than Subordinated Indebtedness) that is secured by a Lien, which Lien is permitted
by this Indenture and, in the case of revolving loans, to correspondingly reduce commitments with respect thereto;

 

(iii)          to
reduce Obligations under (x) Pari Passu Indebtedness of the Issuer or the Guarantors (provided that if the Issuer or
any Guarantor shall so reduce such Obligations under Pari Passu Indebtedness other than the Notes, the Issuer will (A) equally
and ratably reduce Obligations under the Notes as provided in Article V or through open-market purchases (to the extent
such purchases are at or above 100.0% of the principal amount thereof) or (B) make an offer (in accordance with the procedures
set forth below for an Asset Sale Offer) to all Holders to purchase at a purchase price equal to no less than 100.0% of the principal
amount thereof, plus accrued and unpaid interest, if any, the principal amount of Notes that would be redeemed under clause (A) above)
or (y) Indebtedness of a Non-Guarantor Subsidiary, in each case, other than Indebtedness owed to the Issuer or another Restricted
Subsidiary (and, in the case of revolving loans, to correspondingly reduce commitments with respect thereto);

 

(iv)          to
make an investment in any one or more businesses (provided that if such investment is in the form of the acquisition of
Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Issuer), assets (other
than working capital assets), or property or capital expenditures, in each case used or useful in a Similar Business;

 

(v)           to
make an investment in any one or more businesses (provided that if such investment is in the form of the acquisition of
Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Issuer), properties
(other than working capital assets) or assets (other than working capital assets) that replace the businesses, properties and/or
assets that are the subject of such Asset Sale; or

 

(vi)          any
combination of the foregoing;

 

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provided that (x) the Issuer and its Restricted
Subsidiaries will be deemed to have applied the Net Cash Proceeds pursuant to the provisions described in clauses (iv) and
(v) of this Section 3.7(b) if and to the extent that, within 365 days after the receipt of the Net Cash Proceeds
of an Asset Sale, the Issuer or a Restricted Subsidiary, as applicable, has entered into and not abandoned or rejected a binding
agreement to make an investment pursuant to the provision described in clauses (iv) and (v) of this Section 3.7(b),
and that investment is thereafter completed within 545 days following receipt of such Net Cash Proceeds and (y) the Issuer
or any Restricted Subsidiary may elect to make an investment pursuant to clauses (iv) or (v) of this Section 3.7(b) prior
to receiving Net Cash Proceeds attributable to any given Asset Sale (provided that such investment shall be made no earlier
than the earliest of execution of a definitive agreement for the relevant Asset Sale, and consummation of the relevant Asset Sale)
and deem the amount so invested to be applied pursuant to and in accordance with either or both of such clauses with respect to
such Asset Sale.

 

(c)            Notwithstanding
the foregoing, to the extent that (i) the Net Cash Proceeds of any Asset Sale by a Foreign Subsidiary is not applied by such
Subsidiary in accordance with Section 3.7(b) and (ii) repatriation to the United States of any or all of
the Net Cash Proceeds of any Asset Sales by such Foreign Subsidiary (x) is prohibited or delayed by applicable local law or
(y) would have a material adverse tax consequence (taking into account any foreign tax credit or other net benefit actually
realized in connection with such repatriation that would not otherwise be realized), as determined by the Issuer in its sole discretion,
the portion of such Net Cash Proceeds so affected will not be required to be applied in compliance with this Section 3.7;
provided that clause (x) of this Section 3.7(c) shall apply to such amounts for so long, but only
for so long, as the applicable local law will not permit repatriation to the United States (the Issuer hereby agreeing to use commercially
reasonable efforts to cause the applicable Foreign Subsidiary to take all actions reasonably required by the applicable local law,
applicable organizational impediments or other impediment to permit such repatriation), and if such repatriation of any of such
affected Net Cash Proceeds is permitted under the applicable local law and is not subject to clause (y) of this Section 3.7(c),
the portion of such Net Cash Proceeds so affected will then be required to be applied (net of additional taxes that would be payable
or reserved against if such net cash proceeds were then repatriated) in compliance with this Section 3.7. The time
periods set forth in this Section 3.7 shall not start until such time as the Net Cash Proceeds may be repatriated (whether
or not such repatriation actually occurs).

 

(d)            Pending
the final application of any such amount of Net Cash Proceeds, the Issuer or such Restricted Subsidiary may temporarily reduce
Indebtedness under a revolving credit facility, if any, or otherwise invest or utilize such Net Cash Proceeds in any manner not
prohibited by this Indenture. Any amount of the Net Cash Proceeds from any Asset Sale that is not invested or applied as provided
and within the time period set forth in Section 3.7(b) will be deemed to constitute “Excess Proceeds”;
provided that any amount of proceeds offered to Holders pursuant to Section 3.7(b)(iii)(x) or pursuant
to an Asset Sale Offer made at any time after the Asset Sale shall be deemed to have been applied as required and shall not be
deemed to be Excess Proceeds without regard to the extent to which such offer is accepted by the Holders. When the aggregate amount
of Excess Proceeds exceeds $50.0 million, the Issuer shall make an offer (an “Asset Sale Offer”) to all
Holders of Notes and, if required by the terms of any Pari Passu Indebtedness, to all holders of such Pari Passu Indebtedness,
to purchase the maximum principal amount of such Notes and Pari Passu Indebtedness, as appropriate, on a pro rata basis, that may
be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100.0% of the principal amount thereof
(or in the event such Pari Passu Indebtedness was issued with original issue discount, 100.0% of the accreted value thereof), plus
accrued and unpaid interest and additional interest, if any (or such lesser price, if any, as may be provided by the terms of such
Pari Passu Indebtedness), to (but not including) the date fixed for the closing of such offer, in accordance with the procedures
set forth in this Indenture and the agreement governing such Pari Passu Indebtedness. The Issuer will commence an Asset Sale Offer
with respect to Excess Proceeds within 30 Business Days after the date that Excess Proceeds exceed $50.0 million by transmitting
electronically or by mailing to the Holders the notice required pursuant to the terms of this Indenture, with a copy to the Trustee,
or otherwise in accordance with the procedures of DTC. The Issuer may satisfy the foregoing obligations with respect to such Net
Cash Proceeds from an Asset Sale by making an Asset Sale Offer with respect to such Net Cash Proceeds at any time prior to the
expiration of the application period or by electing to make an Asset Sale Offer with respect to such Net Cash Proceeds before the
aggregate amount of Excess Proceeds exceeds $50.0 million.

 

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(e)            To
the extent that the aggregate amount of Notes and any other Pari Passu Indebtedness tendered or otherwise surrendered in connection
with an Asset Sale Offer is less than the Excess Proceeds, the Issuer may use any remaining Excess Proceeds for any purpose not
otherwise prohibited by this Indenture. If the aggregate principal amount of Notes and Pari Passu Indebtedness tendered or otherwise
surrendered by holders thereof exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and the Issuer or its
agent shall select such Pari Passu Indebtedness to be purchased in the manner described below. Upon completion of any such Asset
Sale Offer, the amount of Excess Proceeds shall be reset at zero. To the extent the Excess Proceeds exceed the outstanding aggregate
principal amount of the Notes (and, if required by the terms thereof, all Pari Passu Indebtedness), the Issuer need only make an
Asset Sale Offer up to the outstanding aggregate principal amount of Notes (and any such Pari Passu Indebtedness), and any additional
Excess Proceeds shall not be subject to this Section 3.7 and shall be permitted to be used for any purpose in the Issuer’s
discretion.

 

(f)            The
Issuer will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
to the extent such laws or regulations are applicable in connection with the purchase of the Notes pursuant to an Asset Sale Offer.
To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Indenture, the Issuer
will comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under
this Indenture by virtue thereof.

 

(g)           The
provisions under this Indenture relating to the Issuer’s obligation to make an offer to purchase the Notes as a result of
an Asset Sale, including the definition of “Asset Sale,” may be waived or modified at any time (including after Net
Cash Proceeds have been received) with the written consent of the Holders of a majority in principal amount of the Notes then outstanding.

 

(h)            If
more Notes are tendered pursuant to an Asset Sale Offer than the Issuer is required to purchase, selection of such Notes for purchase
will be made in compliance with the requirements of the principal national securities exchange, if any, on which such Notes are
listed (to the extent the Trustee knows of such listing) or if such Notes are not listed, on a pro rata basis (with adjustments
so that only Notes in denominations of the Minimum Denomination or integral multiples of $1,000 in excess thereof shall be purchased),
by lot or by such other method as the Trustee shall deem fair and appropriate (and in such manner as complies with applicable legal
requirements); provided that the selection of Notes for purchase shall not result in a Noteholder with a principal amount
of Notes less than the Minimum Denomination. No Note will be repurchased in part if less than the Minimum Denomination of such
Note would be left outstanding.

 

(i)            Notices
of an Asset Sale Offer shall be mailed by first class mail, postage prepaid, or sent electronically, at least 15 but not more than
60 days before the purchase date to each Holder of Notes at such Holder’s registered address or otherwise in accordance with
DTC procedures, except that such notice may be delivered more than 60 days prior to the purchase date if such purchase is delayed
because the receipt by the Issuer of the relevant Net Cash Proceeds has been delayed, in which case the purchase date shall be
the date on which the Net Cash Proceeds are received. If any Note is to be purchased in part only, any notice of purchase that
relates to such Note shall state the portion of the principal amount thereof that has been or is to be purchased.

 

(j)            A
new Note in principal amount equal to the unpurchased portion of any Note purchased in part will be issued in the name of the Holder
thereof upon cancellation of the original Note. On and after the purchase date, unless the Issuer defaults in payment of the purchase
price, interest shall cease to accrue on Notes or portions thereof purchased.

 

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(k)            Notwithstanding
the foregoing, Asset Sales that are necessary or advisable (as determined by the Issuer in good faith) in order to consummate any
acquisition of any Person, business or assets or any Investment or are of non-core assets acquired in connection with any acquisition
of any Person, business or assets or any Investment, shall not be subject to the requirements set forth in Section 3.7(a)(i) and
Section 3.7(a)(ii).

 

Section 3.8        Transactions
with Affiliates.

 

(a)          The
Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, make any payment to, or sell,
lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into
or make or amend any transaction or series of transactions, contract, agreement, understanding, loan, advance or guarantee with,
or for the benefit of, any Affiliate of the Issuer involving aggregate consideration in excess of $20.0 million (each of the
foregoing, an “Affiliate Transaction”), unless:

 

(i)            such
Affiliate Transaction is on terms that are not materially less favorable to the Issuer or the relevant Restricted Subsidiary than
those that could have been obtained in a comparable transaction by the Issuer or such Restricted Subsidiary with an unrelated Person
on an arm’s-length basis; and

 

(ii)           with
respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of
$50.0 million, the Issuer delivers to the Trustee a resolution adopted in good faith by the majority of the Board of Directors
of the Issuer, approving such Affiliate Transaction, together with an Officer’s Certificate certifying such resolution.

 

(b)          For
purposes of Section 3.8(a), any Affiliate Transaction shall be deemed to have satisfied the requirements set forth
in Section 3.8(a) if such Affiliate Transaction is approved by a majority of the Disinterested Directors.

 

(c)          The
provisions of Section 3.8(a) will not apply to the following:

 

(i)            (a) transactions
between or among the Issuer and/or any of its Restricted Subsidiaries (or an entity that becomes a Restricted Subsidiary as a result
of such transaction);

 

(ii)           (a) Restricted
Payments permitted by this Indenture (including any transaction specifically excluded from the definition of the term “Restricted
Payments,” including pursuant to the exceptions contained in the definition thereof and the parenthetical exclusions of such
definition) and (b) Permitted Investments;

 

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

 

(iv)          payments,
loans, advances or guarantees (or cancellation of loans, advances or guarantees) to future, present or former employees, officers,
directors, managers, consultants or independent contractors of the Issuer or any Subsidiary or guarantees in respect thereof for
bona fide business purposes or in the ordinary course of business;

 

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(v)           any
agreement or arrangement as in effect as of the Issue Date or as thereafter amended, supplemented or replaced (to the extent such
amendment, supplement or replacement agreement is not materially more disadvantageous to the Holders, in the good faith judgment
of the Issuer, when taken as a whole as compared to the original agreement as in effect on the Issue Date) or any transaction or
payments contemplated thereby;

 

(vi)          the
existence of, or the performance by the Issuer or any of its Restricted Subsidiaries of its obligations under the terms of any
stockholders or similar agreement (including any registration rights agreement or purchase agreement related thereto) to which
it is a party as of the Issue Date or similar transactions, arrangements or agreements which it may enter into thereafter; provided,
however, that the existence of, or the performance by the Issuer or any of its Restricted Subsidiaries of its obligations
under, any future amendment to any such existing transaction, arrangement or agreement or under any similar transaction, arrangement
or agreement entered into after the Issue Date shall only be permitted by this clause (vi) to the extent that the terms of
any such existing transaction, arrangement or agreement, together with all amendments thereto, taken as a whole, or new transaction,
arrangement or agreement are not otherwise more disadvantageous to the Holders in any material respect, in the good faith judgment
of the Issuer, when taken as a whole as compared with the original transaction, arrangement or agreement as in effect on the Issue
Date;

 

(vii)         transactions
with customers, clients, suppliers, joint venture partners or purchasers or sellers of goods or services, in each case, in the
ordinary course of business and otherwise in compliance with the terms of this Indenture, which are fair to the Issuer and its
Restricted Subsidiaries (as reasonably determined by the Issuer) or are on terms at least as favorable as might reasonably have
been obtained at such time from an unaffiliated party (as reasonably determined by the Issuer);

 

(viii)        any
transaction effected as part of a Qualified Receivables Factoring or a Qualified Receivables Financing;

 

(ix)           (i) the
sale, issuance or transfer of Equity Interests (other than Disqualified Stock) of the Issuer or any Restricted Subsidiary; and
(ii) any transaction to the extent the consideration paid by the Issuer or any Restricted Subsidiary is (x) Equity Interests
(excluding Disqualified Stock) of the Issuer or (y) proceeds from the issuance or sale of Equity Interests (excluding Disqualified
Stock) of the Issuer;

 

(x)            any
contribution to the capital of the Issuer (other than Disqualified Stock);

 

(xi)           any
transaction with a Person (other than an Unrestricted Subsidiary) that would constitute an Affiliate Transaction solely because
the Issuer or a Restricted Subsidiary owns an Equity Interest in or otherwise controls such Person; provided that no Affiliate
of the Issuer or any of its Subsidiaries other than the Issuer or a Restricted Subsidiary shall have a beneficial interest or otherwise
participate in such Person;

 

(xii)          transactions
between the Issuer or any of its Restricted Subsidiaries and any Person that would constitute an Affiliate Transaction solely because
such Person is a director or such Person has a director which is also a director of the Issuer; provided, however,
that such director abstains from voting as a director of the Issuer on any matter involving such other Person;

 

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(xiii)         (i) any
Guarantees issued by the Issuer or a Restricted Subsidiary for the benefit of the Issuer or a Restricted Subsidiary, as the case
may be, that is permitted under Section 3.3 and (ii) guarantees, indemnities, bankers acceptances, surety bonds
and letters of credit issued by, or for the account of, and Liens granted for the benefit of, the Issuer or a Restricted Subsidiary
for the benefit of the Issuer or a Restricted Subsidiary, in each case otherwise permitted by Section 3.3 or Section 3.5;

 

(xiv)        transactions
to effect the Transactions and the payment of all transaction, underwriting, commitment and other fees and expenses related to
the Transactions;

 

(xv)         any
payments or other transaction pursuant to any tax sharing agreement between the Issuer and any other Person with which the Issuer
files a consolidated tax return or with which the Issuer is part of a consolidated group for tax purposes;

 

(xvi)        the
issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment
arrangements and other compensation arrangements, equity purchase agreements, stock options, long-term incentive plans, stock appreciation
rights plans, participation plans and stock ownership plans or similar employee benefit plans approved by the Board of Directors
of the Issuer or of a Restricted Subsidiary, as appropriate, in good faith;

 

(xvii)       (i) any
employment, consulting, service or termination agreement, or customary reimbursement and indemnification arrangements, entered
into by the Issuer or any of its Restricted Subsidiaries with current, former or future officers, directors, employees, managers,
consultants and independent contractors of the Issuer or any of its Subsidiaries, (ii) any subscription agreement or similar
agreement pertaining to the repurchase of Equity Interests pursuant to put/call rights or similar rights with current, former or
future officers, directors, employees, managers, consultants and independent contractors of the Issuer or any of its Subsidiaries
and (iii) any payment of compensation or other employee compensation, benefit plan or arrangement, or any health, disability
or similar insurance plan which covers current, former or future officers, directors, employees, managers, consultants and independent
contractors of the Issuer or any of its Subsidiaries (including amounts paid pursuant to any management equity plan or any other
management or employee benefit plan or agreement or any stock subscription or shareholder agreement, stock option or similar plans
and any successor plan thereto and any supplemental executive retirement benefit plans or arrangements), in each case, in the ordinary
course of business or as otherwise approved in good faith by the Board of Directors of the Issuer or of a Restricted Subsidiary,
as appropriate;

 

(xviii)      investments
by Affiliates in Indebtedness or Equity Interests of the Issuer or any of its Subsidiaries, so long as non-Affiliates were also
offered the opportunity to invest in such Indebtedness or Equity Interests, and transactions with Affiliates solely in their capacity
as holders of Indebtedness or Equity Interests of the Issuer or any of its Subsidiaries, to the extent such transaction is with
all holders of such class (and there are such non-Affiliate holders) and such Affiliates are treated no more favorably than all
other holders of such class generally;

 

(xix)         the
existence of, or the performance by the Issuer or any of its Restricted Subsidiaries of their obligations under the terms of, any
customary registration rights agreement to which they are a party or become a party in the future;

 

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(xx)          (i) transactions
with joint ventures for the purchase or sale of goods, equipment and services entered into in the ordinary course of business and
(ii) any payments to or from, and transactions with any joint venture or any variable interest entity in the ordinary course
of business and consistent with past practice (including, without limitation, any Cash Management Services related thereto);

 

(xxi)         any
lease entered into between the Issuer or any Restricted Subsidiary and any Affiliate of the Issuer in the ordinary course of business;

 

(xxii)        intellectual
property licenses in the ordinary course of business; and

 

(xxiii)       (i) Guarantees
and any bid, performance or similar project related bonds, company performance guarantees, bank performance guaranties or surety
bonds or performance letters of credit, by the Issuer and its Restricted Subsidiaries for the benefit of joint ventures, Unrestricted
Subsidiaries and variable interest entities, to the extent otherwise permitted by this Indenture, (ii) Liens Incurred to secure
Obligations in respect of Indebtedness permitted to be Incurred pursuant to Section 3.3(b)(xxx) and (iii) Liens
of the type described in clause (25) of the definition of “Permitted Liens.”

 

Section 3.9         Change
of Control.

 

(a)          Upon
the occurrence of a Change of Control, each Holder will have the right to require the Issuer to purchase all or any part of such
Holder’s Notes at a purchase price in cash (the “Change of Control Payment”) equal to 101.0% of the principal
amount thereof, plus accrued and unpaid interest, if any, to (but not including) 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 falling prior to or
on the purchase date), except to the extent the Issuer has previously elected to redeem all of the Notes pursuant to Article V.

 

(b)          Prior
to or within 30 days following any Change of Control, except to the extent that the Issuer has exercised its right to redeem all
of the Notes pursuant to Article V, the Issuer shall deliver a notice (a “Change of Control Offer”)
to each Holder, with a copy to the Trustee, or otherwise in accordance with the procedures of DTC, describing:

 

(i)            that
a Change of Control has occurred or may occur and that such Holder has, or upon such occurrence will have, the right to require
the Issuer to purchase such Holder’s Notes at a purchase price in cash equal to 101.0% of the principal amount thereof, plus
accrued and unpaid interest, if any, to (but not including) 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 falling prior to or on the purchase date);

 

(ii)           the
transaction or transactions that constitute or are expected to constitute such Change of Control;

 

(iii)          the
purchase date (which shall be no earlier than 15 days nor later than 60 days from the date such notice is given, except that such
notice may be given more than 60 days prior to the purchase date if the purchase date is delayed as provided in Section 3.9(b)(ix))
(the “Change of Control Payment Date”);

 

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

 

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

 

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

 

(vii)         that
Holders will be entitled to withdraw their tendered Notes and their election to require the Issuer to purchase such Notes; provided
that the Paying Agent receives, not later than the expiration time of the Change of Control Offer, a telegram, telex, facsimile
transmission, e-mail or letter setting forth the name of the Holder of the Notes, the principal amount of Notes tendered for purchase,
and a statement that such Holder is withdrawing its tendered Notes and its election to have such Notes purchased;

 

(viii)        that
if the Issuer is purchasing less than all of the Notes, the Holders of the remaining Notes will be issued new Notes and such new
Notes will be equal in principal amount to the unpurchased portion of the Notes surrendered. The unpurchased portion of the Notes
must be equal to the Minimum Denomination or an integral multiple of $1,000 in excess thereof;

 

(ix)           if
such notice is delivered prior to the occurrence of a Change of Control, stating that the Change of Control Offer is conditional
on the occurrence of such Change of Control and that the Change of Control Payment Date may, in the Issuer’s discretion,
be delayed until such time as the Change of Control has occurred; and

 

(x)            the
other instructions determined by the Issuer, consistent with this Section 3.9, that a Holder must follow in order to
have its Notes purchased.

 

(c)           Notwithstanding
the foregoing provisions of this Section 3.9, the Issuer will not be required to make a Change of Control Offer upon
a Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance
with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Issuer and purchases all
Notes validly tendered and not withdrawn under such Change of Control Offer.

 

(d)          A
Change of Control Offer may be made in advance of a Change of Control, and conditioned upon such Change of Control.

 

(e)          If
Holders of not less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes
in a Change of Control Offer and the Issuer, or any third party making a Change of Control Offer in lieu of the Issuer pursuant
to this Section 3.9, purchases all of the Notes validly tendered and not withdrawn by such Holders, the Issuer or such
third party will have the right, upon not less than 15 nor more than 60 days’ prior notice, given not more than 60 days following
such purchase pursuant to the Change of Control Offer, to redeem all Notes that remain outstanding following such purchase at a
price in cash equal to 101.0% of the principal amount thereof plus accrued and unpaid interest to but excluding the date of the
redemption.

 

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(f)          The
Issuer will comply, to the extent applicable, with the requirements of Rule 14e-1 of the Exchange Act and any other securities
laws or regulations in connection with the repurchase of Notes pursuant to this Section 3.9. To the extent that the
provisions of any securities laws or regulations conflict with provisions of this Section 3.9, the Issuer will comply
with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 3.9
by virtue of such compliance.

 

(g)          On
the Change of Control Payment Date, the Issuer will, to the extent permitted by law:

 

(i)            accept
for payment all Notes issued by the Issuer or portions thereof validly tendered pursuant to the Change of Control Offer;

 

(ii)           deposit
with the Paying Agent an amount equal to the aggregate Change of Control Payment in respect of all Notes or portions thereof so
tendered; and

 

(iii)          deliver,
or cause to be delivered, to the Trustee for cancellation the Notes so accepted together with an Officer’s Certificate to
the Trustee stating that such Notes or portions thereof have been tendered to and purchased by the Issuer.

 

(h)            The
provisions of this Indenture relating to the Issuer’s obligation to make an offer to purchase the Notes as a result of a
Change of Control, including the definition of “Change of Control,” may be waived or modified at any time with the
written consent of the Holders of a majority in principal amount of the Notes then outstanding.

 

Section 3.10       Additional
Guarantors.

 

(a)            If,
after the Issue Date, (x) (1) any Restricted Subsidiary (including any newly formed, newly acquired or newly redesignated
Restricted Subsidiary, but excluding any Receivables Subsidiary) that is not then a Guarantor enters into any guarantee of or otherwise
Incurs any Indebtedness under the Existing Credit Agreement or (2) any Restricted Subsidiary that is a Domestic Subsidiary
(including any newly formed, newly acquired or newly redesignated Restricted Subsidiary, but excluding any Receivables Subsidiary)
that is not then a Guarantor guarantees any capital markets Indebtedness of the Issuer or any of its Restricted Subsidiaries, in
each case, with an aggregate principal amount in excess of $100.0 million (“Certain Capital Markets Debt”)
or (y) the Issuer otherwise elects to have any Restricted Subsidiary become a Guarantor, then, in each such case, the Issuer
shall cause such Restricted Subsidiary, (in the case of clause (x) above) within 25 Business Days of the date that such Indebtedness
has been guaranteed, to execute and deliver to the Trustee a supplemental indenture pursuant to which such Restricted Subsidiary
shall become a Guarantor under this Indenture governing the Notes providing for a Guarantee by such Restricted Subsidiary that
(in the case of clause (x) above) ranks pari passu (on an unsecured basis) with such Indebtedness or such guarantee
of such Indebtedness under the Existing Credit Agreement or such Certain Capital Markets Debt so Incurred or provided by such Restricted
Subsidiary.

 

(b)            Each
Guarantee will be limited to an amount not to exceed the maximum amount that can be guaranteed by that Restricted Subsidiary without
rendering the Guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance
or fraudulent transfer or similar laws affecting the rights of creditors generally.

 

(c)            Each
Guarantee shall be released upon the terms and in accordance with the provisions of Article X.

 

Section 3.11       [Reserved].

 

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Section 3.12       Compliance
Certificate; Statement by Officers as to Default. The Issuer shall deliver to the Trustee, within 120 days after the end of
each fiscal year of the Issuer ending after the Issue Date, an Officer’s Certificate to the effect that to the best knowledge
of the signer thereof on behalf of the Issuer, the Issuer is or is not in default in the performance and observance of any of
the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided
hereunder) and, if the Issuer (through its own action or omission or through the action or omission of any Guarantor as applicable)
shall be in default, specifying all such defaults and the nature and status thereof of which such signer may have knowledge.

 

So long as any of the Notes are outstanding,
the Issuer shall deliver to the Trustee, within 30 days upon any Officer becoming aware of any Default or Event of Default (unless
such Default or Event of Default has been cured or waived within such 30 day period), an Officer’s Certificate specifying
such Default or Event of Default and what action the Issuer is taking or proposes to take with respect thereto.

 

Section 3.13       [Reserved].

 

Section 3.14       Designation
of Restricted and Unrestricted Subsidiaries.

 

(a)          The
Board of Directors of the Issuer may designate any Subsidiary of the Issuer (including any existing Subsidiary and any newly acquired
or newly formed Subsidiary of the Issuer but excluding the Issuer) to be an Unrestricted Subsidiary unless such Subsidiary or any
of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, the Issuer or any
other Subsidiary of the Issuer that is not a Subsidiary of the Subsidiary to be so designated; provided, however,
that the Subsidiary to be so designated and its Subsidiaries do not at the time of designation have any Indebtedness pursuant to
which the lender or investor has recourse to any of the assets of the Issuer or any of its Restricted Subsidiaries; provided,
further, however, that either:

 

(i)            the
Subsidiary to be so designated has total consolidated assets of $1,000 or less; or

 

(ii)           if
such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under Section 3.4.

 

(b)          The
Board of Directors of the Issuer may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however,
that immediately after giving effect to such designation and any related transactions:

 

(x)            (1) the
Issuer could Incur $1.00 of additional Indebtedness as Ratio Debt; or

 

 (2) the Fixed Charge Coverage
Ratio would be equal to or greater than such ratio immediately prior to such designation; and

 

(y)            no
Event of Default shall have occurred and be continuing.

 

(c)          Any
such designation by the Board of Directors of the Issuer shall be evidenced to the Trustee by promptly filing with the Trustee
a copy of the resolution of the Board of Directors of the Issuer giving effect to such designation and an Officer’s Certificate
certifying that such designation complied with this Section 3.14.

 

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Section 3.15       Covenant
Suspension.

 

(a)            If
on any date following the Issue Date (i) the Notes have Investment Grade Ratings from both Rating Agencies, and (ii) no
Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and
(ii) being collectively referred to as a “Covenant Suspension Event”), the Guarantees will be automatically
and unconditionally released and discharged and the Issuer and its Restricted Subsidiaries will not be subject to the covenants
or provisions contained in Section 3.3, Section 3.4, Section 3.6, Section 3.7,
Section 3.8, Section 3.10, Section 4.1(a)(iv), Section 4.1(a)(v) and Section 4.1(b) (collectively,
the “Suspended Covenants”).

 

(b)            In
the event that the Issuer and its Restricted Subsidiaries are not subject to the Suspended Covenants under this Indenture for any
period of time pursuant to Section 3.15(a), and on any subsequent date (the “Reversion Date”) the
Issuer obtains actual knowledge that one or both of the Rating Agencies has withdrawn their Investment Grade Rating or downgraded
the rating assigned to the Notes below an Investment Grade Rating, then the Issuer and its Restricted Subsidiaries will thereafter
again be subject to the Suspended Covenants under this Indenture with respect to future events. The period of time between the
occurrence of a Covenant Suspension Event and the Reversion Date is referred to in this Indenture as the “Suspension Period.”

 

(c)            Upon
the occurrence of a Covenant Suspension Event, the amount of Excess Proceeds from Net Cash Proceeds shall be reset at zero.

 

(d)            With
respect to Restricted Payments made after the Reversion Date, the amount of Restricted Payments made will be calculated as though
Section 3.4 had been in effect prior to, but not during, the Suspension Period; provided that no Subsidiaries
may be designated as Unrestricted Subsidiaries during the Suspension Period, unless such designation would have complied with Section 3.4
as if Section 3.4 were in effect during such period. All Indebtedness Incurred, or Disqualified Stock or Preferred
Stock issued, during the Suspension Period will be classified to have been Incurred or issued pursuant to Section 3.3(b)(iii).
In addition, for purposes of Section 3.8, all agreements and arrangements entered into by the Issuer and any Restricted
Subsidiary with an Affiliate of the Issuer during the Suspension Period prior to such Reversion Date will be deemed to have been
entered into on or prior to the Issue Date and for purposes of Section 3.6, all contracts entered into during the Suspension
Period prior to such Reversion Date that contain any of the restrictions contemplated by Section 3.6 will be deemed
to have been existing on the Issue Date.

 

(e)            During
the Suspension Period, any reference in the definitions of “Permitted Liens” and “Unrestricted Subsidiary”
to Section 3.3 or any provision thereof shall be construed as if Section 3.3 were in effect during the
Suspension Period.

 

(f)            Notwithstanding
that the Suspended Covenants may be reinstated, no Default or Event of Default will be deemed to have occurred as a result of any
actions taken by the Issuer or any Subsidiary (including for the avoidance of doubt any failure to comply with the Suspended Covenants)
or other events that occurred during any Suspension Period (or upon termination of the Suspension Period or after that time arising
out of events that occurred or actions taken during the Suspension Period) and the Issuer and any Subsidiary will be permitted,
without causing a Default or Event of Default or breach of any kind under this Indenture, to honor, comply with or otherwise perform
any contractual commitments or obligations entered into during a Suspension Period following a Reversion Date and to consummate
the transactions contemplated thereby.

 

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(g)          The
Trustee will have no obligation to (i) independently determine or verify if such events have occurred, (ii) make any
determination regarding the impact of actions taken during the Suspension Period on the Issuer and its Subsidiaries’ future
compliance with their covenants or (iii) notify the Holders of any Covenant Suspension Event or Reversion Date. The Issuer
will give the Trustee written notice of any Covenant Suspension Event not later than fifteen Business Days after such Covenant
Suspension Event has occurred, but failure to so notify the Trustee shall not invalidate any Covenant Suspension Event and shall
not constitute a Default or Event of Default by the Issuer. In the absence of such notice, the Trustee may assume the Suspended
Covenants apply and are in full force and effect. The Issuer will give the Trustee written notice of any occurrence of a Reversion
Date not later than fifteen Business Days after such Reversion Date, but failure to so notify the Trustee shall not invalidate
the occurrence of the Reversion Date and shall not constitute a Default or Event of Default by the Issuer. After any such notice
of the occurrence of a Reversion Date, the Trustee shall assume the Suspended Covenants apply and are in full force and effect.

 

Article IV

 

Merger; Consolidation or Sale of Assets

 

Section 4.1        When
the Issuer May Merge or Otherwise Dispose of Assets.

 

(a)         The
Issuer may not consolidate, merge or amalgamate with or into or wind up into (whether or not the Issuer is the surviving Person),
or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or
more related transactions to any Person unless:

 

(i)            the
Issuer is the surviving Person or the Person formed by or surviving any such consolidation, merger, amalgamation or winding up
(if other than the Issuer) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made
is a corporation, partnership or limited liability company organized or existing under the laws of the United States, any state
thereof or the District of Columbia (the Issuer or such Person, as the case may be, being herein called the “Successor
Company”);

 

(ii)           the
Successor Company (if other than the Issuer) expressly assumes all the obligations of the Issuer under this Indenture and the Notes
pursuant to supplemental indentures or other documents or instruments;

 

(iii)          immediately
after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the Successor Company or any
of its Restricted Subsidiaries as a result of such transaction as having been Incurred by the Successor Company or such Restricted
Subsidiary at the time of such transaction), no Event of Default shall have occurred and be continuing;

 

(iv)          immediately
after giving Pro Forma Effect to such transaction and any related transactions, either:

 

(1)            the
Issuer (or, if applicable, the Successor Company) would be permitted to Incur at least $1.00 of additional Indebtedness as Ratio
Debt; or

 

(2)            the
Fixed Charge Coverage Ratio for the Issuer (or the Successor Company, if applicable) and its Restricted Subsidiaries would be equal
to or greater than such ratio for the Issuer (or the Successor Company, if applicable) and its Restricted Subsidiaries immediately
prior to giving Pro Forma Effect to such transaction and any related transactions;

 

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(v)           if
the Successor Company is other than the Issuer, each Guarantor, unless it is the other party to the transactions described above,
shall have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under this Indenture
and the Notes; and

 

(vi)          the
Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation,
merger, amalgamation or disposition complies with the provisions described in this Section 4.1(a); provided
that (x) in giving such opinion such counsel may rely on an Officer’s Certificate as to compliance with the foregoing
clauses (iii) and (iv) of this Section 4.1(a) and as to matters of fact, and (y) no Opinion of
Counsel will be required for a transaction described in the second sentence of the immediately following paragraph.

 

The Successor Company will succeed to, and
be substituted for, the Issuer under this Indenture and the Notes, and the Issuer will automatically be released and discharged
from its obligations under this Indenture and the Notes. Notwithstanding the foregoing clauses (iii) and (iv) of this
Section 4.1(a), (a) the Issuer or any Guarantor may consolidate or amalgamate with, merge into or sell, assign,
transfer, lease, convey or otherwise dispose of all or part of its properties and assets to the Issuer or any Guarantor, (b) the
Issuer may merge, consolidate or amalgamate with an Affiliate of the Issuer incorporated or organized solely for the purpose of
reincorporating or reorganizing the Issuer in another state of the United States or the District of Columbia to the extent the
principal amount of Indebtedness of the Issuer and its Restricted Subsidiaries is not increased thereby (unless such increase is
permitted by this Indenture), (c) the Issuer may convert (including by way of merger, consolidation or amalgamation) into
a corporation, partnership, limited partnership, limited liability company or trust organized or existing under the laws of a jurisdiction
in the United States, (d) the Issuer or Guarantor may change its name and (e) any Restricted Subsidiary may merge, amalgamate
or consolidate into the Issuer (so long as the Issuer is the survivor of such transaction). Any Investment expressly permitted
under the definition of “Permitted Investments” or otherwise pursuant to Section 3.4 may be structured
as a merger, amalgamation or consolidation.

 

(b)          Subject
to Section 10.2, each Guarantor will not, and the Issuer will not permit any Guarantor to, consolidate, merge or amalgamate
with or into or wind up into (whether or not such Guarantor is the surviving corporation), or sell, assign, transfer, lease, convey
or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions to, any Person
unless such consolidation, merger, amalgamation, winding up, sale, assignment, transfer, lease, conveyance or other disposition
is made in compliance with Section 3.7 or does not constitute an Asset Sale (other than pursuant to clause (b) of
the definition of “Asset Sale”), or unless:

 

(A)          such
Guarantor is the surviving Person or the Person formed by or surviving any such consolidation, merger, amalgamation or winding
up (if other than such Guarantor) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have
been made is a corporation, partnership, limited partnership, limited liability company or trust organized or existing under the
laws of the United States, any state thereof or the District of Columbia (such Guarantor or such Person, as the case may be, being
herein called the “Successor Guarantor”);

 

(B)           the
Successor Guarantor (if other than such Guarantor) expressly assumes all the obligations of such Guarantor under this Indenture
and such Guarantor’s Guarantee pursuant to a supplemental indenture or other documents or instruments; and

 

(C)           the
Successor Guarantor (if other than such Guarantor) shall have delivered or caused to be delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that such consolidation, merger, amalgamation or disposition complies with
the provisions described in this Section 4.1(b); provided that (x) in giving such opinion such counsel
may rely on an Officer’s Certificate as to matters of fact, and (y) no Opinion of Counsel will be required for a transaction
described in the second sentence of the immediately following paragraph.

 

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Subject to Article X, the
Successor Guarantor will succeed to, and be substituted for, such Guarantor under this Indenture and such Guarantor’s
Guarantee, and such Guarantor will automatically be released and discharged from its obligations under this Indenture and
such Guarantor’s Guarantee. Notwithstanding the foregoing provisions of this Section 4.1(b), (1) a
Guarantor may merge, consolidate or amalgamate with an Affiliate of the Issuer incorporated or organized solely for the
purpose of reincorporating or reorganizing such Guarantor in another state of the United States or the District of Columbia
to the extent the principal amount of Indebtedness of the Issuer and its Restricted Subsidiaries is not increased thereby
(unless such increase is permitted by this Indenture), (2) a Guarantor may consolidate, merge or amalgamate with or into
or wind up into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties
and assets to, another Guarantor or the Issuer, (3) a Guarantor may convert (including by way of merger, consolidation
or amalgamation) into a corporation, partnership, limited partnership, limited liability company or trust organized or
existing under the laws of the jurisdiction of organization of such Guarantor or the laws of a jurisdiction in the United
States, (4) a Guarantor may change its name and (5) any Restricted Subsidiary may merge, amalgamate or consolidate
into any Guarantor; provided, in the case of this clause (5), that the surviving Person is or becomes a Guarantor upon
consummation of such merger, amalgamation or consolidation.

 

(c)            For
purposes of Section 4.1, the sale, lease, conveyance, assignment, transfer or other disposition of all or substantially
all of the properties and assets of one or more Subsidiaries of the Issuer, which properties and assets, if held by the Issuer
instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Issuer on a consolidated
basis, shall be deemed to be the transfer of all or substantially all of the properties and assets of the Issuer.

 

Article V

 

Redemption of Notes

 

Section 5.1         Applicability
of Article. Notes that are redeemable in whole or in part before their Stated Maturity shall be redeemable in accordance with
their terms and in accordance with this Article V.

 

Section 5.2         Right
of Redemption.

 

(a)            Notes
may be redeemed, in whole at any time, or in part from time to time, subject to the conditions and at the Redemption Prices set
forth in Exhibit A, which are hereby incorporated by reference and made a part of this Indenture, together with accrued
and unpaid interest to (but not including) the applicable redemption date.

 

(b)            In
connection with any redemption of Notes (including with the net cash proceeds of an Equity Offering), any such redemption or notice
thereof may, at the Issuer’s discretion, be subject to the satisfaction (or waiver by the Issuer in its sole discretion)
of one or more conditions precedent, including, but not limited to, consummation of any related Equity Offering or Change of Control.
In addition, if such redemption or notice is subject to satisfaction of one or more conditions precedent, such notice may state
that, in the Issuer’s discretion, the redemption date may be delayed until such time as any or all such conditions shall
be satisfied (or waived by the Issuer in its sole discretion), or such redemption may not occur and such notice may be rescinded
in the event that any or all such conditions shall not have been (or, in the Issuer’s sole determination, may not be) satisfied
(or waived by the Issuer in its sole discretion) by the redemption date, or by the redemption date so delayed.

 

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Section 5.3         Election
to Redeem; Notice to Trustee of Optional and Mandatory Redemptions.

 

(a)           If
the Issuer elects to redeem Notes pursuant to Section 5.2, the Issuer shall furnish to the Trustee, at least five Business
Days for Global Notes and 10 calendar days for Physical Notes before notice of redemption is required to be sent or caused to be
sent to Holders pursuant to Section 5.4, an Officer’s Certificate setting forth (i) the paragraph or subparagraph
of such Note and/or Section of this Indenture pursuant to which the redemption shall occur, (ii) the Redemption Date,
(iii) the principal amount of the Notes to be redeemed and (iv) the Redemption Price, but failure to so notify the Trustee
shall not invalidate any notice given in accordance with Section 5.4, and shall not constitute a Default or Event of
Default by the Issuer. The Issuer may also include a request in such Officer’s Certificate that the Trustee give the notice
of redemption in the Issuer’s name and at its expense and setting forth the information to be stated in such notice as provided
in Section 5.4. The Issuer shall deliver to the Trustee such documentation and records as shall enable the Trustee
to select the Notes to be redeemed pursuant to this Section 5.3.

 

(b)           If
less than all of the Notes are to be redeemed at any time, the Trustee shall select Notes for redemption in compliance with the
requirements of the depository and the principal national securities exchange, if any, on which such Notes are listed (so long
as the Trustee knows of such listing), or if such Notes are not so listed, in accordance with the applicable procedures of the
depository on a pro rata basis, by lot or by such other method as the Trustee shall deem fair and appropriate (and in such manner
as complies with applicable legal requirements) in integral multiples of $1,000; provided, that the selection of Notes for
redemption shall not result in a Holder with a principal amount of Notes less than the Minimum Denomination. If any Note is to
be purchased or redeemed in part only, the notice of purchase or redemption relating to such Note shall state the portion of the
principal amount thereof that has been or is to be purchased or redeemed. A new Note in principal amount equal to the unredeemed
portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Note. On and after the applicable
Redemption Date, interest will cease to accrue on Notes or portions thereof called for redemption so long as the Issuer has deposited
with the Paying Agent funds sufficient to pay the principal of and premium, if any, plus accrued and unpaid interest, if any, on
the Notes to be redeemed.

 

(c)           The
Trustee shall promptly notify the Issuer 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.

 

(d)           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 Issuer shall give or cause to be given in accordance with the procedures of the Depositary a notice of
redemption to each Holder whose Notes are to be redeemed not less than 10 nor more than 60 days prior to a date fixed for redemption
(a “Redemption Date”). At the Issuer’s written request delivered at least 15 days (or such shorter period
as shall be reasonably satisfactory to the Trustee) prior to the Redemption Date, the Trustee may give notice of redemption in
the Issuer’s name and at the Issuer’s expense; provided, however, that redemption notices may be given
more than 60 days prior to a Redemption Date, but not more than a year, prior to such event, if the notice is issued in connection
with Article VIII, or if the redemption date is delayed as provided for in Section 5.2(b).

 

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All notices of redemption shall be prepared
by the Issuer and shall state:

 

(a)           the
Redemption Date,

 

(b)           the
Redemption Price and the amount of accrued interest 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 to, but excluding, the Redemption Date payable as provided in
Section 5.6, if any) shall become due and payable upon each such Note, or the portion thereof, to be redeemed, and,
unless the Issuer 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 11:00 a.m. New York City time, on any Redemption Date, the Issuer shall deposit with
the Trustee or with a Paying Agent (or, if the Issuer is acting as its own Paying Agent, segregate and hold in trust as
provided in Section 2.18) 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), and from and after such date (unless the Issuer shall default in the payment of the Redemption
Price and accrued interest, if any, to, but excluding, the Redemption Date) 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 Issuer 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 Regular 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 Regular
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 Regular Record Date, and no further interest shall be payable
to Holders whose Notes shall be subject to redemption by the Issuer.

 

Section 5.7        Notes
Redeemed in Part. Any Note which is to be redeemed only in part (pursuant to the provisions of this Article V)
shall be surrendered at the office or agency of the Issuer maintained for such purpose pursuant to Section 2.8 (with,
if the Issuer so requires due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer duly executed
by, the Holder thereof or such Holder’s attorney duly authorized in writing), and the Issuer shall execute, and the Trustee
upon receipt of an Authentication Order shall authenticate and make available for delivery to the Holder of such Note at the expense
of the Issuer, 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 the Minimum Denomination and integral multiples of $1,000 in excess thereof.

 

Section 5.8         Offer
to Repurchase. In the event that, pursuant to Section 3.7, the Issuer is required to commence an offer to all
Holders to purchase the Notes, including an Asset Sale Offer (an “Offer to Repurchase”), it shall follow the
procedures specified below.

 

(a)            The
Offer to Repurchase shall remain open for the period provided for in Section 3.7(h) (the “Offer Period”).
No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the Issuer
shall apply all Excess Proceeds or Net Cash Proceeds, as applicable (the “Offer Amount”), to the purchase of
Notes and such Pari Passu Indebtedness, if any (in each instance, on a pro rata basis, if applicable) or, if less than the Offer
Amount has been tendered, all Notes and other Indebtedness tendered in response to the Offer to Repurchase. Payment for any Notes
so purchased shall be made pursuant to Section 3.1.

 

(b)            If
the Purchase Date is on or after a Regular Record Date and on or before the related Interest Payment Date, any accrued and unpaid
interest, if any, shall be paid to the Person in whose name a Note is registered at the close of business on such Regular Record
Date, and no additional interest shall be payable to Holders who tender Notes pursuant to the Offer to Repurchase.

 

(c)            Upon
the commencement of an Offer to Repurchase, the Issuer shall send electronically, or mail by first class mail, a notice to the
Trustee and each of the Holders. The notice shall contain all instructions and materials necessary to enable such Holders to tender
Notes pursuant to the Offer to Repurchase. The notice, which shall govern the terms of the Offer to Repurchase, shall state:

 

(i)            that
the Offer to Repurchase is being made pursuant to this Section 5.8 and Section 3.7, and the length of time
the Offer to Repurchase shall remain open;

 

(ii)           the
Offer Amount, the purchase price and the Purchase Date;

 

(iii)          that
any Note not tendered or accepted for payment shall continue to accrue interest;

 

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(iv)          that,
unless the Issuer defaults in making such payment, any Note accepted for payment pursuant to the Offer to Repurchase shall cease
to accrue interest after the Purchase Date;

 

(v)           that
Holders electing to have a Note purchased pursuant to an Offer to Repurchase may elect to have Notes purchased in the Minimum Denomination
or an integral multiple of $1,000 in excess thereof only;

 

(vi)          that
Holders electing to have Notes purchased pursuant to any Offer to Repurchase shall be required to surrender the Note, with the
form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer,
to the Issuer, a Depositary, if appointed by the Issuer, or a Paying Agent at the address specified in the notice at least five
Business Days before the Purchase Date;

 

(vii)         that
Holders shall be entitled to withdraw their election if the Issuer or the Paying Agent, as the case may be, receives, not later
than on the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder,
the principal amount of Notes the Holder delivered for purchase and a statement that such Holder is withdrawing his election to
have such Notes purchased;

 

(viii)        that,
if the aggregate principal amount of Notes and, if applicable, Pari Passu Indebtedness, if any, surrendered by Holders thereof
exceeds the Offer Amount, the Trustee shall select the Notes and, if applicable, the Issuer shall select such Pari Passu Indebtedness
to be purchased or prepaid, on a pro rata basis based on the principal amount of Notes and Pari Passu Indebtedness, if any, surrendered
(with such adjustments as may be deemed appropriate by the Issuer so that only Notes in the Minimum Denomination, or integral multiples
of $1,000 in excess thereof, shall be purchased); and

 

(ix)          that
Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion
of the Notes surrendered (or transferred by book-entry transfer).

 

(d)          On
or before the Purchase Date, the Issuer shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary,
the Offer Amount of Notes or portions thereof tendered pursuant to the Offer to Repurchase, or if less than the Offer Amount has
been tendered, all Notes tendered, and the Issuer shall deliver or cause to be delivered to the Trustee the Notes properly accepted
together with an Officer’s Certificate stating that such Notes or portions thereof were accepted for payment by the Issuer
in accordance with the terms of this Section 5.8. The Issuer or the Paying Agent, as the case may be, shall promptly
(but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to
the purchase price of the Notes tendered by such Holder and accepted by the Issuer for purchase, and the Issuer shall promptly
issue a new Note, and the Trustee, upon written request from the Issuer, shall authenticate and mail or deliver (or cause to be
transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered.
Any Note not so accepted shall be promptly mailed or delivered by the Issuer to the Holder thereof. The Issuer shall publicly announce
the results of the Offer to Repurchase on the Purchase Date.

 

Section 5.9        Special
Mandatory Redemption.

 

(a)          In
the event the Acquisition has not become effective on or prior to December 15, 2020 (or such later date, if any, as may be
extended pursuant to the Acquisition Agreement as in effect on the date of the Offering Memorandum, the “Outside Date”)
or if, prior to becoming effective, the Acquisition lapses, is withdrawn or otherwise terminates in accordance with its terms,
then the Issuer shall be required to redeem all outstanding Notes on the special mandatory redemption date at a special mandatory
redemption price equal to 100.0% of the principal amount thereof, plus accrued and unpaid interest thereon (if any) to, but not
including, the special mandatory 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). The “special mandatory redemption date” means the earlier to
occur of (i) the 10th day (or if such day is not a Business Day, the first Business Day thereafter) following the Outside
Date and (ii) the 10th day (or if such day is not a Business Day, the first Business Day thereafter) following the lapse,
withdrawal or termination of the Acquisition in accordance with its terms.

 

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(b)            The
Issuer shall cause notice of a special mandatory redemption to be mailed (or with respect to global notes, to the extent permitted
or required by applicable procedures or regulations of the depository, sent electronically), with a copy to the Trustee, within
10 Business Days after the occurrence of the event triggering redemption to each Holder of Notes at its registered address. If
funds sufficient to pay the special mandatory redemption price of the Notes on the special mandatory redemption date (plus accrued
and unpaid interest, if any, to, but not including, the special mandatory redemption date) are deposited with the Trustee on or
before such special mandatory redemption date, the Notes will cease to bear interest on and after the special mandatory redemption
date.

 

Article VI

 

Defaults and Remedies

 

Section 6.1       Events
of Default. Each of the following is an “Event of Default”:

 

(i)           a
default in any payment of interest on any Note when due continued for 30 days;

 

(ii)          a
default in the payment of principal or premium, if any, of any Note when due at its Stated Maturity, upon optional redemption,
upon required purchase, upon acceleration or otherwise;

 

(iii)         the
failure by the Issuer or any of its Restricted Subsidiaries to comply for 60 days after receipt of the written notice referred
to below with any of its obligations, covenants or agreements (other than a default pursuant to clause (i) or clause (ii) of
this Section 6.1) contained in the Notes or this Indenture; provided that in the case of a failure to comply
with Section 3.2, such period of continuance of such default or breach shall be 180 days after written notice described
in this clause (iii) has been given;

 

(iv)         the
failure by the Issuer or any Restricted Subsidiary to pay the principal amount of any Indebtedness for borrowed money (other than
Indebtedness for borrowed money owing to the Issuer or a Restricted Subsidiary of the Issuer) within any applicable grace period
after final maturity or the acceleration of any such Indebtedness by the holders thereof because of a default, in each case, if
the total amount of such Indebtedness unpaid at final maturity or accelerated exceeds $100.0 million or its foreign currency
equivalent;

 

(v)          the
Issuer or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law:

 

(1)            commences
a voluntary case;

 

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(2)           consents
to the entry of an order for relief against it in any voluntary case;

 

(3)           consents
to the appointment of a Custodian of it or for any substantial part of its property; or

 

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

 

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

 

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

 

(1)           is
for relief against the Issuer or any Significant Subsidiary in an involuntary case;

 

(2)           appoints
a Custodian of the Issuer or any Significant Subsidiary or for any substantial part of its property; or

 

(3)           orders
the winding up or liquidation of the Issuer or any Significant Subsidiary; or any similar relief is granted under any foreign laws
and the order or decree remains unstayed and in effect for 90 days;

 

(vii)        failure
by the Issuer or any Significant Subsidiary to pay final and non-appealable judgments aggregating in excess of $100.0 million
or its foreign currency equivalent (net of any amounts which are covered by enforceable insurance policies issued by solvent insurance
companies), which judgments are not discharged, waived or stayed for a period of 90 days after such judgment becomes final and,
in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon such judgment
or decree which is not promptly stayed;

 

(viii)       the
Guarantee of a Significant Subsidiary ceases to be in full force and effect (except as contemplated by the terms thereof or of
this Indenture), or any Guarantor that is a Significant Subsidiary denies in writing that it has any further liability under its
Guarantee or gives written notice to such effect, other than by reason of the termination or discharge of this Indenture or the
release of any such Guarantee in accordance with this Indenture, and such Default continues for 30 days; or

 

(ix)          failure
by the Issuer to pay or cause to be paid the special mandatory redemption on the special mandatory redemption date, if any, as
described above under Section 5.9.

 

The foregoing will 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.

 

However, a default under Section 6.1(iii) will
not constitute an Event of Default until the Trustee or the Holders of at least 25.0% in principal amount of outstanding Notes
notify in writing the Issuer (and if given by the Holders, the Trustee) of the default and such default is not cured within the
times specified in Section 6.1(iii) after receipt of such notice.

 

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The Trustee shall not be charged with knowledge
of any Default or Event of Default with respect to the Notes unless a written notice of such Default or Event of Default shall
have been given to a Responsible Officer of the Trustee by the Issuer or any Holder of Notes.

 

Section 6.2        Acceleration.
If an Event of Default (other than an Event of Default specified in clause (v) or (vi) of Section 6.1 with
respect to the Issuer) occurs and is continuing, the Trustee or the Holders of at least 25.0% in principal amount of outstanding
Notes by written notice to the Issuer (and if given by the Holders, the Trustee) may declare the principal of, premium, if any,
and accrued but unpaid interest on all the Notes to be due and payable. Upon such a declaration, such principal and interest will
be due and payable immediately. If an Event of Default arising from Section 6.1(v) or Section 6.1(vi),
with respect to the Issuer, occurs, the principal of, premium, if any, and interest on all the Notes will become 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 its agents and counsel) and the Guarantees.

 

The Trustee may maintain a proceeding even
if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or
any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute
a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative.

 

Section 6.4        Waiver
of Past Defaults. The Holders of a majority in aggregate principal amount of the then outstanding Notes by notice to the Trustee
may, on behalf of the Holders of all of the Notes, waive, rescind or cancel any declaration of an existing or past Default or
Event of Default and its consequences under this Indenture if such waiver, rescission or cancellation would not conflict with
any judgment or decree, except a continuing Default or Event of Default in the payment of interest on, or the principal of, the
applicable Notes (other than such nonpayment of principal or interest that has become due as a result of such acceleration). Upon
any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured
for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent
thereon.

 

In the event of any Event of Default arising
from Section 6.1(iv), such Event of Default and all consequences thereof (excluding, however, any resulting payment
default) will be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders, if prior to
30 days after such Event of Default arose, the Issuer delivers an Officer’s Certificate to the Trustee stating that (x) the
Indebtedness or guarantee that is the basis for such Event of Default has been discharged or (y) the holders thereof have
rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default or (z) the
default that is the basis for such Event of Default has otherwise been cured.

 

Section 6.5         Control
by Majority. The Holders of a majority in principal amount of outstanding Notes may direct the time, method and place of conducting
any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. The Trustee,
however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines is unduly
prejudicial to the rights of any other Holder (provided, however, that the Trustee shall not have an affirmative
duty to determine whether the direction is prejudicial to any Holder) or that would involve the Trustee in personal liability.
Prior to taking any action under this Indenture, the Trustee will be entitled to security or indemnification satisfactory to the
Trustee in its sole discretion against all losses, liabilities and expenses that may be caused by taking or not taking such action.

 

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Section 6.6         Limitation
on Suits. The Trustee will be under no obligation to exercise any of the rights or powers under this Indenture at the request
or direction of any of the Holders unless such Holders have provided the Trustee with indemnity or security satisfactory to it
against any loss, liability or expense. Except to institute suit for the enforcement of payment of principal and interest on any
Note of such Holder or after the Stated Maturity for such principal or interest, no Holder may pursue any remedy with respect
to this Indenture or the Notes unless:

 

(i)             such
Holder has previously given the Trustee written notice that an Event of Default is continuing;

 

(ii)            Holders
of at least 25.0% of the aggregate principal amount of the outstanding Notes have requested in writing that the Trustee pursue
the remedy;

 

(iii)           such
Holders have offered the Trustee security or indemnity reasonably satisfactory to the Trustee in respect of any loss, liability
or expense;

 

(iv)           the
Trustee has not complied with such request within 60 days after the 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 have not given the Trustee a written direction inconsistent
with such request within such 60-day period.

 

Section 6.7         [Reserved].

 

Section 6.8         Collection
Suit by Trustee. If an Event of Default specified in Section 6.1(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 Issuer for the whole amount then
due and owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in Section 7.6.

 

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 (including any claim for the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Issuer,
its Subsidiaries or their respective creditors or properties and, unless prohibited by law or applicable regulations, may vote
on behalf of the Holders (pursuant to the written direction of Holders of a majority in principal amount of the then outstanding
Notes) 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.
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.

 

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Section 6.10       Priorities.
The Trustee shall pay out any money or property received by it in the following order:

 

First: to the Trustee for
amounts due under Section 7.6 and Section 8.5;

 

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 Issuer or,
to the extent the Trustee receives any amount for any Guarantor, to such Guarantor 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 6.10. At least 15 days before such record date, the Issuer
(or the Trustee) shall send to each Holder and the Trustee a notice that states the record date, the payment date and amount to
be paid.

 

Section 6.11       Undertaking
for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee
for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the
suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of
the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee or a
suit by Holders of more than 10.0% 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
and use the same degree of care and skill in its exercise as a prudent Person would exercise or use under the circumstances in
the conduct of such Person’s own affairs; provided that if an Event of Default occurs and is continuing, the Trustee
shall not be under any obligation to exercise any of the rights or powers under this Indenture, the Notes and the Guarantees at
the request or direction of any of the Holders unless such Holders have provided the Trustee indemnity, security or prefunding
satisfactory to the Trustee in its sole discretion against any loss, liability or expense the Trustee may incur.

 

(b)            Except
during the continuance of an Event of Default of which a Responsible Officer has actual knowledge, the Trustee:

 

(i)            undertakes
to perform such duties and only such duties as are specifically set forth in this Indenture and no implied covenants or obligations
shall be read into this Indenture against the Trustee; and

 

(ii)           in
the absence of gross negligence, bad faith or willful misconduct on its part, 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 and the Guarantees, 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 and the Guarantees as the case may be (but need not
confirm or investigate the accuracy of mathematical calculations or other facts stated therein).

 

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(c)          The
Trustee shall not be relieved from liability for its own grossly negligent action, its own grossly negligent failure to act or
its own willful misconduct, except that:

 

(i)            this
Section 7.1(c) does not limit the effect of Section 7.1(b);

 

(ii)           the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers unless
it is proved in a final non-appealable decision of a court of competent jurisdiction that the Trustee was grossly 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.

 

(d)          The
Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuer.

 

(e)          Money
held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

 

(f)           No
provision of this Indenture, the Notes or the Guarantees 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 indemnity satisfactory to it against
such risk or liability is not reasonably assured to it.

 

(g)          Every
provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall
be subject to the provisions of this Section 7.1 and Section 7.2.

 

(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 provided 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 the Trustee in compliance with such request or direction.

 

Section 7.2         Rights
of Trustee.

 

(a)          The
Trustee may conclusively rely and shall be protected in acting upon any resolution, certificate, statement, instrument, opinion,
notice, request, direction, consent, order, judgment, bond or any other paper, electronic communication or document believed by
it to be genuine and to have been signed, sent or presented by the proper Person or Persons. The Trustee need not investigate any
fact or matter stated in such document.

 

(b)          Before
the Trustee acts or refrains from acting, it may require an Officer’s 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 Officer’s Certificate or Opinion
of Counsel.

 

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(c)            The
Trustee may act through its attorneys, custodians, nominees and agents and shall not be responsible for the misconduct or negligence
of or for the supervision of any agent, custodians, nominees 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 that such conduct does not constitute willful misconduct or gross negligence as determined
in a final 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 and the Guarantees 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 and the Guarantees 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; 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, (ii) the
occurrence of any default, or the validity, enforceability, effectiveness or genuineness of this Indenture or any other agreement,
instrument or document, or (iii) the facts or matters stated in any resolution, certificate, statement, instrument, opinion,
report, notice, request, direction, consent, order, judgment, bond, debenture, note other evidence of indebtedness or other paper
or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it
may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine
the books, records and premises of the Issuer, personally or by agent or attorney and shall incur no liability or additional liability
of any kind by reason of such inquiry or investigation.

 

(g)            [Reserved].

 

(h)            In
no event shall the Trustee be responsible or liable for special, indirect, incidental, punitive 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, and each agent, custodian and other
Person employed to act hereunder.

 

(j)             The
Trustee may request that the Issuer 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
Trustee shall not have any duty (i) to see to any recording, filing, or depositing of this Indenture or any agreement referred
to herein, or to see to the maintenance of any such recording or filing or depositing or to any rerecording, re-filing or redepositing
of any thereof or (ii) to see to any insurance.

 

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(l)             The
permissive rights of the Trustee enumerated in this Indenture shall not be construed as a duty.

 

(m)            The
Trustee shall not be required to give any bond or surety in respect of the execution of the trusts and powers under this Indenture.

 

Section 7.3         Individual
Rights of Trustee.

 

(a)            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
Issuer, the Guarantors or their Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Note Registrar,
co-registrar or co-Paying Agent may do the same with like rights. However, the Trustee must comply with Section 7.9.

 

(b)            In
addition, the Trustee shall be permitted to engage in transactions with the Issuer; 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.

 

(c)            To
the extent permitted by applicable law, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee
under this Indenture with respect to Initial Notes and Additional Notes, or a trustee under any other indenture between the Issuer
and the Trustee.

 

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
or the Guarantees, it shall not be accountable for the Issuer’s use of the Notes or the proceeds from the Notes, and it
shall not be responsible for any statement of the Issuer in this Indenture or in any document issued in connection with the sale
of the Notes or in the Notes other than the Trustee’s certificate of authentication or for the use or application of any
funds received by any Paying Agent other than the Trustee.

 

Section 7.5         Notice
of Defaults. If a Default occurs and is continuing and a Responsible Officer of the Trustee has received written notice thereof,
the Trustee shall deliver to each Holder notice of the Default within 90 days after it is actually known to a Responsible Officer
of the Trustee. Except in the case of a Default in the payment of principal of, or premium (if any) or interest on, any Note,
the Trustee may withhold notice if and to the extent the Trustee in good faith determines that withholding notice is in the interests
of the Holders of the Notes.

 

Section 7.6         Compensation
and Indemnity. The Issuer shall pay to the Trustee from time to time such compensation for their services as the parties shall
agree in writing from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a trustee
of an express trust. The Issuer shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred or
made by it, including, but not limited to, costs of collection, costs of preparing 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 Issuer shall indemnify the Trustee or any predecessor Trustee in each of its capacities
hereunder (including Paying Agent and Note Registrar), and each of their officers, directors, employees, counsel and agents, and
hold them harmless 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 their duties hereunder
and under the Notes and the Guarantees, including the costs and expenses of enforcing this Indenture (including this Section 7.6),
the Notes and the Guarantees and of defending itself against any claims (whether asserted by any Holder, the Issuer or otherwise).
The Trustee shall notify the Issuer promptly of any third party claim or claim by any Holder for which the Trustee may seek indemnity,
provided that failure by the Trustee to so notify the Issuer shall not relieve the Issuer of its obligations hereunder.
The Issuer shall defend such claim and the Trustee may have separate counsel and the Issuer shall pay the reasonable fees and
expenses of such counsel. The Issuer need not reimburse any expense or indemnify against any loss, liability or expense incurred
by the Trustee as a result of its own willful misconduct, gross negligence or bad faith.

 

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To secure the Issuer’s payment obligations
in this Section 7.6, 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 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 Issuer.

 

The Issuer’s obligations pursuant
to this Section 7.6 and any lien arising hereunder shall survive the satisfaction and discharge of this Indenture and
the resignation or removal of the Trustee. When the Trustee incurs expenses after the occurrence of a Default specified in Section 6.1(v) or
(vi) with respect to the Issuer, the expenses are intended to constitute administrative expenses for purposes of priority
under any Bankruptcy Law.

 

Pursuant to Section 10.1, the
obligations of the Issuer hereunder are jointly and severally guaranteed by the Guarantors.

 

Section 7.7         Replacement
of Trustee. The Trustee may resign at any time upon at least 30 days’ notice by so notifying the Issuer in writing.
The Holders of a majority in principal amount of the Notes may remove the Trustee by so notifying the Issuer and the Trustee in
writing at least 30 days prior to the requested date of removal and may appoint a successor Trustee. The Issuer 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 Issuer or by the Holders of a majority in principal amount of the Notes and such Holders do not reasonably promptly appoint
a successor Trustee, 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 Issuer shall promptly appoint a successor Trustee.

 

A successor Trustee shall deliver a written
acceptance of its appointment to the retiring Trustee and to the Issuer. Thereupon the resignation or removal of the retiring Trustee
shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture.
The successor Trustee shall send 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. All costs reasonably
incurred in connection with any such resignation or removal hereunder shall be borne by the Issuer.

 

If a successor Trustee does not take office
within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee at the expense of the Issuer or the Holders
of at least 10.0% in principal amount of the Notes may petition any court of competent jurisdiction for the appointment of a successor
Trustee.

 

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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 Issuer’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 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.

 

Section 7.10       Limitation
on Duty of Trustee. The Trustee shall not have any duty to ascertain or inquire as to the performance or observance of any
of the terms of this Indenture, the Notes and the Guarantees by the Issuer, the Guarantors or any other Person.

 

Article VIII

 

Discharge of Indenture; Defeasance

 

Section 8.1        Discharge
of Liability on Securities; Defeasance. This Indenture and all the Notes will be discharged and will cease to be of further
effect (except as to surviving rights of registration of transfer or exchange of Notes and certain rights of the Trustee and the
Issuer’s obligations with respect thereto, as expressly provided for in this Indenture) when:

 

(a)            either
(i) all the Notes theretofore authenticated and delivered (except Notes which have been replaced or paid pursuant to Section 2.9
and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuer and thereafter
repaid to the Issuer or discharged from such trust) have been delivered to the Trustee for cancellation or (ii) all of the
Notes not previously delivered to the Trustee for cancellation (a) have become due and payable, (b) will become due and
payable at their Stated Maturity within one year or (c) have been called for redemption or are to be called for redemption
within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name,
and at the expense, of the Issuer, and the Issuer or any Guarantor has irrevocably deposited or caused to be deposited with the
Trustee money or U.S. Government Obligations in an amount sufficient to pay and discharge the entire Indebtedness on the Notes
not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to the
date of deposit (in the case of Notes that have become due and payable), redemption or their Stated Maturity, as the case may be;

 

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(b)            the
Issuer and/or the Guarantors have paid all other sums then due and payable under this Indenture; and

 

(c)            the
Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel stating that all conditions precedent
under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with; provided that
any such counsel may rely on any Officer’s Certificate as to matters of fact (including as to compliance with the foregoing
clauses (a) and (b)).

 

The Notes will be discharged and will cease
to be of further effect (except as to surviving rights of registration of transfer or exchange of Notes and certain rights of the
Trustee and the Issuer’s obligations with respect thereto, as expressly provided for in this Indenture) when:

 

(a)            either
(i) all the Notes theretofore authenticated and delivered (other than Notes pursuant to Section 2.9 which have
been replaced or paid and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust
by the Issuer and thereafter repaid to the Issuer or discharged from such trust) have been delivered to the Trustee for cancellation
or (ii) all of the Notes not previously delivered to the Trustee for cancellation (a) have become due and payable, (b) will
become due and payable at their Stated Maturity within one year or (c) have been called for redemption or are to be called
for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee
in the name, and at the expense, of the Issuer, and the Issuer or any Guarantor has irrevocably deposited or caused to be deposited
with the Trustee money or U.S. Government Obligations in an amount sufficient to pay and discharge the entire Indebtedness on the
Notes not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to
the date of deposit (in the case of Notes that have become due and payable), redemption or their Stated Maturity, as the case may
be; and

 

(b)            the
Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel stating that all conditions precedent
under this Indenture relating to the satisfaction and discharge of the Notes have been complied with; provided that any
such counsel may rely on any Officer’s Certificate as to matters of fact (including as to compliance with the foregoing clause
(a)).

 

Subject to Sections 8.1(c) and
8.2, the Issuer at any time may terminate (i) all of the Issuer’s obligations under the Notes and this Indenture
and have each Guarantor’s obligation discharged with respect to its Guarantee and cure all then-existing Events of Default
(“legal defeasance option”) or (ii) its obligations under Article III (other than Section 3.1)
and the operation of Section 4.1 (other than Sections 4.1(a)(i) and 4.1(a)(ii)) and Sections
6.1(iii) (with respect to any Default under Article III (other than Section 3.1)), 6.1(iv),
6.1(v) (with respect to Significant Subsidiaries of the Issuer only), 6.1(vi) (with respect to Significant
Subsidiaries of the Issuer only), 6.1(vii) and 6.1(viii) (“covenant defeasance option”).
The Issuer may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. In the
event that the Issuer terminates all of its obligations under the Notes and this Indenture by exercising its legal defeasance option
or its covenant defeasance option, the obligations of each Guarantor under its Guarantee of the Notes shall be terminated simultaneously
with the termination of such obligations.

 

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If the Issuer exercises its legal defeasance
option, payment of the Notes so defeased may not be accelerated because of an Event of Default with respect thereto. If the Issuer
exercises its covenant defeasance option, payment of the Notes so defeased may not be accelerated because of an Event of Default
specified in Section 6.1(iii) (with respect to any Default by the Issuer or any of its Restricted Subsidiaries
with any of its obligations under Article III other than Section 3.1), 6.1(iv), 6.1(v) (with
respect to Significant Subsidiaries of the Issuer only), 6.1(vi) (with respect to Significant Subsidiaries of the Issuer
only), 6.1(vii) or 6.1(viii).

 

Upon satisfaction of the conditions set
forth herein and upon request of the Issuer, the Trustee shall acknowledge in writing the discharge of those obligations that the
Issuer terminates.

 

(c)            Notwithstanding
clauses (a) and (b) above, the Issuer’s obligations in Sections 2.8, 2.9, 2.15, 2.16,
2.18, 2.19, 7.6, 7.7 and in this Article VIII shall survive until the Notes have been paid
in full. Thereafter, the Issuer’s obligations in Sections 7.6, 8.5 and 8.6 shall survive such satisfaction
and discharge.

 

Section 8.2        Conditions
to Defeasance.

 

(a)            The
Issuer may exercise its legal defeasance option or its covenant defeasance option only if:

 

(i)            the
Issuer irrevocably deposits in trust with the Trustee money or U.S. Government Obligations (sufficient in the opinion of a nationally
recognized certified public accounting firm) for the payment of principal, premium (if any) and interest on the Notes to redemption
or maturity, as the case may be (provided that if such redemption is pursuant to the second paragraph of Section 2
of the Notes (a form of which is attached as Exhibit A hereto), (x) the amount of money or U.S. Government Obligations
that the Issuer must irrevocably deposit or cause to be deposited shall be determined using an assumed Applicable Premium calculated
as of the date of such deposit, as calculated by the Issuer in good faith, and (y) the Issuer must irrevocably deposit or
cause to be deposited additional money in trust on the Redemption Date, as required by Section 5.5, as necessary to
pay the Applicable Premium as determined as of the date of the applicable redemption notice);

 

(ii)           the
Issuer delivers to the Trustee a certificate from a nationally recognized firm of independent accountants expressing their opinion
that the payments of principal and interest when due and without reinvestment on the deposited U.S. Government Obligations plus
any deposited money without investment shall provide cash at such times and in such amounts as shall be sufficient to pay principal,
premium, if any, and interest when due on all the Notes to maturity or redemption, as the case may be;

 

(iii)          91
days pass after the deposit is made and during the 91-day period no Default specified in Section 6.1(v) or Section 6.1(vi) with
respect to the Issuer occurs which is continuing at the end of the period;

 

(iv)          the
deposit does not constitute a default under any other agreement binding on the Issuer;

 

(v)           the
Issuer delivers to the Trustee an Opinion of Counsel to the effect that the trust resulting from the deposit does not constitute,
or is qualified as, a regulated investment advisor under the Investment Company Act of 1940;

 

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(vi)           in
the case of the legal defeasance option, the Issuer shall have delivered to the Trustee an Opinion of Counsel stating that (1) the
Issuer has received from, or there has been published by, the Internal Revenue Service a ruling, or (2) since the date of
this Indenture there has been a change in the applicable U.S. federal income tax law, in either case to the effect that, and based
thereon such Opinion of Counsel shall confirm that, the beneficial owners of the Notes shall not recognize income, gain or loss
for U.S. federal income tax purposes as a result of such deposit and defeasance and shall be subject to U.S. federal income tax
on the same amounts, in the same manner and at the same times as would have been the case if such deposit and defeasance had not
occurred;

 

(vii)          in
the case of the covenant defeasance option, the Issuer shall have delivered to the Trustee an Opinion of Counsel to the effect
that the beneficial owners of the Notes shall not recognize income, gain or loss for U.S. federal income tax purposes as a result
of such deposit and defeasance and shall be subject to U.S. federal income tax on the same amounts, in the same manner and at the
same times as would have been the case if such deposit and defeasance had not occurred; and

 

(viii)         the
Issuer delivers to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent
to the defeasance and discharge of the Notes to be so defeased and discharged as contemplated by this Article VIII
have been complied with.

 

Before or after a deposit, the Issuer may
make arrangements satisfactory to the Trustee for the redemption of such Notes at a future date in accordance with Article V.

 

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 the Issuer. Anything herein to the contrary notwithstanding, the Trustee shall deliver or pay to the Issuer from time to
time upon Company Order any money or U.S. Government Obligations held by it as provided in this Article VIII which,
in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect legal defeasance
or covenant defeasance, as applicable; provided that the Trustee shall not be required to liquidate any U.S. Government
Obligations in order to comply with the provisions of this Section 8.4.

 

Subject to any applicable abandoned property
law, the Trustee and the Paying Agent shall pay to the Issuer 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 Issuer for payment
as general creditors.

 

Section 8.5         Indemnity
for U.S. Government Obligations. The Issuer shall pay and shall indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against deposited U.S. Government Obligations or the principal 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 Issuer and each Guarantor under this Indenture,
the Notes and the Guarantees 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 any of the Issuer or the Guarantors has made any
payment of interest on or principal of any Notes because of the reinstatement of its obligations, the Issuer or any Guarantor,
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. Notwithstanding Section 9.2 hereof, this Indenture, the Notes and Guarantees may be amended
or supplemented by the Issuer, any Guarantor (with respect to its Guarantee of the Notes) and the Trustee without notice to or
consent of any Holder:

 

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

 

(ii)           to
conform the text of this Indenture (including any supplemental indenture or other instrument pursuant to which Notes are issued),
the Guarantees or the Notes (including any Additional Notes) to the “Description of Notes” under the Offering Memorandum;

 

(iii)          to
comply with Article IV;

 

(iv)          to
provide for the assumption by a successor Person of the obligations of the Issuer or any Guarantor under this Indenture and the
Notes or Guarantee, as the case may be;

 

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

 

(vi)          to
add Guarantees with respect to the Notes;

 

(vii)         to
secure the Notes;

 

(viii)        to
confirm and evidence the release, termination or discharge of any Guarantee or Lien with respect to or securing the Notes when
such release, termination or discharge is provided for under this Indenture or the Notes;

 

(ix)           to
add to the covenants of the Issuer for the benefit of the Holders or to surrender any right or power herein conferred upon the
Issuer or any Guarantor;

 

(x)            to
make any change that does not adversely affect the rights of any Holder in any material respect, as determined in good faith by
the Issuer;

 

(xi)           to
comply with any requirement of the SEC in connection with the qualification of this Indenture under the TIA;

 

(xii)          to
make any amendment to the provisions of this Indenture relating to the transfer and legending of Notes as permitted by this Indenture,
including, without limitation, to facilitate the issuance and administration of the Notes; provided, however, that
(i) compliance with this Indenture as so amended would not result in Notes being transferred in violation of the Securities
Act or any applicable securities law and (ii) such amendment does not materially and adversely affect the rights of Holders
to transfer Notes;

 

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(xiii)          to
evidence and provide for the acceptance of appointment by a successor Trustee, provided that the successor Trustee is otherwise
qualified and eligible to act as such under the terms of this Indenture; or

 

(xiv)         to
provide for or confirm the issuance of Notes or Additional Notes.

 

Section 9.2        With
Consent of Holders.

 

(a)          This
Indenture, the Notes and the Guarantees may be amended or supplemented by the Issuer, any Guarantor (with respect to its Guarantee
of the Notes) and the Trustee with the consent of the Holders of at least a majority in aggregate 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 any existing or past Default or compliance with any provisions of such documents may be waived with the consent
of the Holders of a majority in principal amount of the Notes then outstanding, in each case, other than Notes beneficially owned
by the Issuer or its Affiliates (including, without limitation, consents obtained in connection with a purchase of, or tender offer
or exchange offer for, Notes).

 

(b)          Notwithstanding
the provisions in Section 9.2(a), without the consent of each Holder of an outstanding Note (including, for the avoidance
of doubt, any Notes held by Affiliates), no amendment, supplement or waiver pursuant to this Indenture may:

 

(i)            reduce
the percentage of the aggregate principal amount of Notes whose Holders must consent to an amendment, supplement or waiver;

 

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

 

(iii)           reduce
the principal of or change the Stated Maturity of any Note; provided that any amendment to the minimum notice requirement
may be made with the consent of the Holders of at least a majority in principal amount of Notes then outstanding,

 

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

 

(v)           reduce
the premium payable upon the redemption of any Note or change the time at which any Note may be redeemed in accordance with Section 5.2;

 

(vi)          make
any Note payable in money other than that stated in such Note;

 

(vii)         modify
the legal right of any Holder of any Note to receive payment of principal of and interest on such Note on or after the respective
Stated Maturity for such principal or interest payment dates for such interest expressed in such Note, or to institute suit for
the enforcement of any such payment on or after such respective Stated Maturity or interest payment dates;

 

(viii)        make
any material change in the provisions described under Section 5.9 hereof; or

 

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(ix)            make
any change in the amendment or waiver provisions of this Indenture that require each Holder’s consent, as described in clauses
(i) through (viii) above.

 

(c)            It
shall not be necessary for the consent of the Holders under this Section 9.2 to approve the particular form of any
proposed amendment, but it shall be sufficient if such consent approves the substance thereof.

 

(d)            After
an amendment under this Section 9.2 becomes effective, the Issuer shall send to the Holders of Notes a notice briefly
describing such amendment. The failure of the Issuer to send such notice, or any defect therein, shall not in any way impair or
affect the validity of an amendment under this Section 9.2.

 

Section 9.3        Effect
of Consents and Waivers. A consent to an amendment 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 unless
it makes a change described in clauses (i) through (viii) of Section 9.2(b), in which case the amendment
or waiver or other action shall bind each Holder who has consented to it and every subsequent Holder that evidences the same debt
as the consenting Holder’s Notes. 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 Issuer may, but shall not be obligated
to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action described
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 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 Issuer may require the Holder of such Note to deliver
it to the Trustee. The Trustee, at the direction of the Issuer, may place an appropriate notation on the Note regarding the changed
terms and return it to the Holder. Alternatively, if the Issuer or the Trustee so determines, the Issuer in exchange for the Note
shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation
or to issue a new Note shall not affect the validity of such amendment.

 

Section 9.5         Trustee
to Sign Amendments. The Trustee 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, adversely affect the rights, duties,
liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing any amendment, supplement
or waiver pursuant to this Article IX, the Trustee shall be entitled to receive, and (subject to Sections 7.1
and 7.2) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel stating that
such amendment, supplement or waiver is authorized or permitted by or complies with this Indenture, that all conditions precedent
to such amendment required by this Indenture have been complied with and that such amendment, supplement or waiver is the legal,
valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its terms, subject to customary
exceptions. Notwithstanding the foregoing, no Opinion of Counsel will be required for the Trustee to execute any amendment or
supplement adding a new Guarantor under this Indenture. For the avoidance of doubt, no Officer’s Certificate or Opinion
of Counsel shall be required for the execution of any (x) supplemental indenture pursuant to Section 4.1(a)(ii) or
(y) Guarantor supplemental indenture.

 

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Article X

 

Guarantees

 

Section 10.1       Guarantees.

 

(a)            Subject
to the provisions of this Article X, each Guarantor hereby jointly and severally, irrevocably, fully and unconditionally
guarantees, as guarantor and not as a surety, with each other 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 Issuer 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 Issuer, or any Guarantor whether or not a claim for post-filing or post-petition interest is
allowed in such proceeding and the obligations under Section 7.6) (all the foregoing being hereinafter collectively
called the “Guarantor Obligations”). Each 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.

 

(b)            Each
Guarantor waives (to the extent lawful) presentation to, demand of, payment from and protest to the Issuer of any of the Guarantor
Obligations and also waives (to the extent lawful) notice of protest for nonpayment. Each Guarantor waives (to the extent lawful)
notice of any default under the Notes or the Guarantor Obligations.

 

(c)            Each
Guarantor further agrees that its Guarantee herein constitutes a Guarantee of payment when due (and not a Guarantee of collection)
and waives any right to require that any resort be had by any Holder to any security held for payment of the Guarantor Obligations.

 

(d)            Except
as set forth in Section 10.2 and Article VIII, the obligations of each Guarantor hereunder shall not be
subject to any reduction, limitation, impairment or termination for any reason (other than payment of the 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 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 Issuer or any other person under this
Indenture, the Notes or any other agreement or otherwise; (b) any extension or renewal of any thereof; (c) any rescission,
waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes or any other agreement; (d) the
release of any security held by any Holder for the Guarantor Obligations or any of them; (e) the failure of any Holder to
exercise any right or remedy against any other Guarantor; (f) any change in the ownership of the Issuer; (g) any
default, failure or delay, willful or otherwise, in the performance of the 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
Guarantor or would otherwise operate as a discharge of such Guarantor as a matter of law or equity.

 

(e)            Each
Guarantor agrees that its Guarantee herein shall remain in full force and effect until payment in full of all the Guarantor Obligations
or such Guarantor is released from its Guarantee in compliance with Section 4.1, Section 10.2 and Article VIII,
as applicable. Each Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the
case may be, if at any time payment, or any part thereof, of principal of, premium, if any, or interest on any of the Guarantor
Obligations is rescinded or must otherwise be restored by any Holder upon the bankruptcy or reorganization of the Issuer or otherwise.

 

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(f)           In
furtherance of the foregoing and not in limitation of any other right which any Holder has at law or in equity against any Guarantor
by virtue hereof, upon the failure of the Issuer to pay any of the Guarantor Obligations when and as the same shall become due,
whether at maturity, by acceleration, by redemption or otherwise, each 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 Issuer or any Guarantor whether or not a claim for post-filing or post-petition interest is allowed
in such proceeding).

 

(g)          Each
Guarantor further agrees that, as between such Guarantor, on the one hand, and the Holders, on the other hand, (x) the maturity
of the Guarantor Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Guarantee
herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the 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 Guarantor for the purposes of this Guarantee.

 

(h)          Each
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 10.1.

 

(i)           Neither
the Issuer nor the Guarantors shall be required to make a notation on the Notes to reflect any Guarantee or any release, termination
or discharge thereof and any such notation shall not be a condition to the validity of any 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 Guarantor hereunder shall be limited
to the maximum amount as shall, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving
effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other
Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such
Guarantor under its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law and not
otherwise being void or voidable under any similar laws affecting the rights of creditors generally.

 

(b)          A
Guarantee by a Guarantor shall be automatically and unconditionally released and discharged, and each Guarantor and its obligations
under the Guarantee and this Indenture shall be released and discharged upon:

 

(1)            the
sale, exchange, disposition or other transfer (including through merger, consolidation or dissolution) of (x) Capital Stock
of such Guarantor, after which the applicable Guarantor is no longer a Restricted Subsidiary, or (y) all or substantially
all the assets of such Guarantor, in any case, if such sale, exchange, disposition or other transfer (including through merger,
consolidation or dissolution) is not prohibited by this Indenture;

 

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(2)            the
Issuer designating such Guarantor to be an Unrestricted Subsidiary in accordance with the provisions set forth in Section 3.4,
Section 3.14 and the definition of “Unrestricted Subsidiary”;

 

(3)            in
the case of any Restricted Subsidiary that after the Issue Date is required to guarantee the Notes pursuant to Section 3.10,
the release or discharge of the Guarantee by such Restricted Subsidiary of Indebtedness of the Issuer (or, if such release or discharge
occurs substantially concurrently with the release of the Guarantee of such Restricted Subsidiary or will occur as a result of
the release of the Guarantee of such Restricted Subsidiary) or the repayment of the Indebtedness, in each case, that resulted in
the obligation to guarantee the Notes, except if such release or discharge is by or as a result of payment in connection with the
enforcement of remedies under such other guarantee (it being understood that a release or discharge subject to contingent reinstatement
is still a release or discharge, and that if any such other guarantee is so reinstated, such Guarantee shall also be reinstated
to the extent that such Restricted Subsidiary would then be required to provide a guarantee pursuant to Section 3.10);

 

(4)            the
Issuer’s exercise of its legal defeasance option or covenant defeasance option as described under Article VIII
or if the Issuer’s obligations under this Indenture are discharged in accordance with the terms of this Indenture;

 

(5)            the
release or discharge of direct obligations of such Guarantor, or the guarantee by such Guarantor of the obligations, under all
outstanding Credit Agreements (or, if such release or discharge occurs substantially concurrently with the release of the Guarantee
of such Guarantor or will occur as a result of the release of the Guarantee of such Guarantor), except a discharge or release by
or as a result of payment in connection with the enforcement of remedies under such guarantee (it being understood that a release
or discharge subject to contingent reinstatement is still a release or discharge, and that if any such other direct obligation
or guarantee is so reinstated, such Guarantee shall also be reinstated to the extent that such Guarantor would then be required
to provide a guarantee pursuant to Section 3.10); or

 

(6)            the
Notes having an Investment Grade Rating from both Rating Agencies; provided that each such Guarantee shall be reinstated
upon the Reversion Date with respect to each Restricted Subsidiary that would then be required to provide a guarantee pursuant
to Section 3.10.

 

(c)          The
Issuer will have the right, upon 10 days’ written notice to the Trustee (or, such shorter period as may be agreed to by the
Trustee), to cause any Guarantor that has not guaranteed any Indebtedness under the Credit Agreement or any Certain Capital Markets
Debt to be unconditionally released and discharged from all obligations under its Guarantee, and such Guarantee shall thereupon
automatically and unconditionally terminate and be discharged and of no further force or effect.

 

(d)          If
any Guarantor is released from its Guarantee, any of its Subsidiaries that are Guarantors shall be released from their Guarantees,
if any.

 

(e)          If
the Issuer requests, at its option, confirmation from the Trustee of a release pursuant to Section 10.2(b), the Issuer
shall deliver to the Trustee an Officer’s 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.

 

    108

     

    

 

Section 10.3 Right
of Contribution. Each Guarantor hereby agrees that to the extent that any such Guarantor shall have paid more than its proportionate
share of any payment made on the obligations under its Guarantee, such Guarantor shall be entitled to seek and receive contribution
from and against the Issuer or any other Guarantor who has not paid its proportionate share of such payment. The provisions of
this Section 10.3 shall in no respect limit the obligations and liabilities of each Guarantor to the Trustee and the
Holders, and each Guarantor shall remain liable to the Trustee and the Holders for the full amount guaranteed by such Guarantor
hereunder.

 

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

 

Article XI

 

INTENTIONALLY OMITTED

 

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, email or mailed by first-class mail addressed as follows:

 

if to the Issuer or any Guarantor:

 

KBR, Inc.

601 Jefferson Street

Suite 3400

Houston, Texas 77002

E-Mail: eileen.akerson@kbr.com

Attention: General Counsel

 

if to the Trustee:

 

Citibank, N.A.

388 Greenwich Street, 6th Floor

New York, NY 10013

United States

E-Mail: danny1.lee@citi.com

Facsimile No.: +1 347-632-8640

Attention: Agency & Trust – KBR, Inc.,
Administrator

 

    109

     

    

 

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

 

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 Note Registrar
and shall be deemed sufficiently given if so mailed within the time prescribed.

 

Failure to mail a notice or communication
to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication is
mailed in the manner provided above, it is duly given, whether or not the addressee receives it.

 

The Trustee agrees to accept and act upon
instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured
electronic methods. If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic
method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions
shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from
the Trustee’s reliance upon and compliance with such instructions notwithstanding that 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, including without limitation the
risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties.

 

Notwithstanding any other provision of this
Indenture or any Note, where this Indenture or any Note provides for notice of any event (including any notice of redemption or
purchase) to a Holder of a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to the
Depositary for such Note (or its designee) pursuant to the standing instructions from such Depositary.

 

Section 12.2 Certificate
and Opinion as to Conditions Precedent. Upon any request or application by the Issuer to the Trustee to take or refrain from
taking any action under this Indenture, the Trustee shall be entitled to receive from the Issuer:

 

(i)             an
Officer’s Certificate in form 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 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 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

 

    110

     

    

 

(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 Officer’s Certificate or on certificates of public officials.

 

Section 12.4 Rules by
Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for action by, or a meeting of, Holders. The
Note Registrar and the Paying Agent may make reasonable rules for their functions.

 

Section 12.5 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
a Business Day, and no interest shall accrue for the intervening period. If a Regular Record Date is not a Business Day, the Regular
Record Date shall not be affected.

 

Section 12.6 Governing
Law; Jurisdiction. This Indenture, the Notes and the Guarantees shall be governed by, and construed in accordance with, the
laws of the State of New York. The parties hereby (i) irrevocably submit to the non-exclusive jurisdiction of any federal
or state court sitting the Borough of Manhattan, the city of New York, (ii) waive any objection to laying of venue in any
such action or proceeding in such courts, and (iii) waive any objection that such courts are an inconvenient forum or do
not have jurisdiction over any party.

 

Section 12.7 Waiver
of Jury Trial. EACH OF THE ISSUER, THE 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 12.8 No
Recourse Against Others. No manager, managing director, director, officer, employee, incorporator or holder of any equity
interests in the Issuer, any Subsidiary, as such, will have any liability for any obligations of the Issuer or any Guarantor under
the Notes or this Indenture or any Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of
the consideration for issuance of the Notes.

 

Section 12.9 Successors.
All agreements of the Issuer and each Guarantor in this Indenture and the Notes shall bind their respective successors. All agreements
of the Trustee in this Indenture shall bind its successors.

 

Section 12.10 Multiple
Originals; Electronic Signatures. 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. Delivery of
an executed counterpart of a signature page to this Indenture by telecopier, facsimile or other electronic transmission (i.e.
a “.pdf” or “.tif”) shall be effective as delivery of a manually executed counterpart thereof. The words
 “execution,” “signed,” “signature,” and words of similar import in this Indenture and the
Note shall be deemed to include electronic or digital signatures or the keeping of records in electronic form, each of which shall
be of the same effect, validity, and enforceability as manually executed signatures or a paper-based recordkeeping system, as
the case may be, to the extent and as provided for under applicable law, including the Electronic Signatures in Global and National
Commerce Act of 2000 (15 U.S.C. §§ 7001-7006), the Electronic Signatures and Records Act of 1999 (N.Y. State Tech. §§
301-309), or any other similar state laws based on the Uniform Electronic Transactions Act; provided that, notwithstanding anything
herein to the contrary, the Trustee is not under any obligation to agree to accept electronic signatures in any form or in any
format unless expressly agreed to by such Trustee pursuant to procedures approved by such Trustee.

 

    111

     

    

 

Section 12.11 Variable
Provisions. The Issuer initially appoints the Trustee as Paying Agent and Note Registrar and Notes Custodian with respect
to any Global Notes.

 

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 Force
Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations
hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes,
work stoppages, accidents, acts of war or terrorism, pandemics, epidemics, 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 or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility; it being understood
that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance
as soon as practicable under the circumstances.

 

Section 12.14 USA
Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Trustee and
the Responsible 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.

 

Section 12.15 Communication
by Holders with Other Holders. The rights of Holders to communicate with other Holders with respect to their rights under
this Indenture or under the Notes, and the corresponding rights and privileges of the Trustee, shall be as provided by the TIA.

 

Section 12.16 Severability.
If a court of competent jurisdiction declares any provision hereof invalid, it will be ineffective only to the extent of such invalidity,
so that the remainder of the provision and this Indenture will continue in full force and effect.

 

[Signature Pages Follow]

 

    112

     

    

 

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

 

 

	 	KBR, INC.
	 	 
	 	By: 	/s/ Stuart J.B. Bradie
	 	 	Name: 	Stuart J.B. Bradie
	 	 	Title: 	President and Chief Executive Officer

 

[Signature Page to
Indenture]

 

    	 	 	 

     

    

 

	 	SUBSIDIARY
    GUARANTORS:
	 	 
	 	KBR
    OVERSEAS, INC.
	 	KBR
    TECHNICAL SERVICES, INC.
	 	KBR
    USA LLC
	 	KBR
    GROUP HOLDINGS, LLC
	 	KBR
    HOLDINGS, LLC
	 	KELLOGG
    BROWN & ROOT LLC
	 	TECHNICAL
    STAFFING RESOURCES, LLC
	 	 
	 	 
	 	By: 	/s/ Stuart J.B. Bradie
	 	 	Name: 	Stuart J.B. Bradie
	 	 	Title: 	President and Chief Executive Officer
	 	 
	 	 
	 	GLOBAL
    LOGISTICS SUPPORT, LLC
	 	KBR
    SERVICES, LLC
	 	KBR
    WYLE SERVICES, LLC
	 	WYLE
    INC.
	 	WYLE
    INFORMATION SYSTEMS, LLC
	 	 
	 	 
	 	By:	 /s/ William Byron Bright
	 	 	Name: 	William Byron Bright
	 	 	Title: 	President
	 	 	 
	 	 
	 	KBR
    CONSTRUCTION COMPANY, LLC
	 	KBR
    ENGINEERING COMPANY, LLC
	 	 
	 	 
	 	By: 	/s/ Jay Ibrahim
	 	 	Name: 	Jay Ibrahim
	 	 	Title: 	President, Energy Solutions
	 	 	 
	 	 
	 	KBR
    DIEGO GARCIA, LLC
	 	 
	 	By: 	/s/ Ella E. Studer
	 	 	Name: 	Ella E. Studer
	 	 	Title: 	Senior Vice President & Chairman

 

[Signature
Page to Indenture]

 

    	 	 	 

     

    

 

 

	 	CITIBANK,
    N.A., as Trustee
	 	 
	 	 
	 	By: 	/s/ Danny Lee
	 	 	Name:	 Danny Lee
	 	 	Title: 	Senior Trust Officer

 

[Signature
Page to Indenture]

 

    	 	 	 

     

    

 

EXHIBIT A

 

[Insert Legends As Applicable]

 

Form of Note

(FACE OF NOTE)

 

KBR, INC.

 

4.750% Senior Notes due 2028

 

CUSIP NO. [48242W AC0]1/[U2519N
AA4]2

ISIN No. [US48242WAC01]3/[USU2519NAA47]4

No.     $[        ]

 

KBR, Inc., a corporation duly organized
and existing under the laws of the State of Delaware (and its successors and assigns) (the “Issuer”), promises
to pay to Cede & Co., or its registered assigns, the principal sum of $        ([            ]
United States dollars) [(or such lesser or greater amount as shall be outstanding hereunder from time to time in accordance with
Sections 2.15 and 2.16, as applicable, of the Indenture referred to on the reverse hereof)]5
(the “Principal Amount”) on September 30, 2028.

 

Interest Payment Dates: March 30
and September 30 of each year, commencing on March 30, 2021.

 

Regular Record Dates: March 15
and September 15 of each year.

 

Reference is hereby made to the further
provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as
if set forth at this place.

 

Unless the certificate of authentication
hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.

 

 

		1	Insert for Initial Rule 144A Note only.

		2	Insert for Initial Regulation S Note only.

		3	Insert for Initial Rule 144A Note only.

		4	Insert for Initial Regulation S Note only.

		5	Include only if the Note is issued in global form.

 

    	 	A-1	 

     

    

 

IN WITNESS WHEREOF, the Issuer has caused
this instrument to be duly executed.

 

 

	 	KBR, INC.
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    	 	A-2	 

     

    

 

This is one of the Notes referred to in
the within mentioned Indenture.

 

	 	CITIBANK,
    N.A.,
	 	as
    Trustee
	 	 
	 	 
	 	 
	 	Authorized
    Officer
	 	 
	 	Dated:	    

 

    	 	A-3	 

     

    

 

(REVERSE OF NOTE)

 

This Note is one of the duly authorized
issue of 4.750% Senior Notes due 2028 of the Issuer (herein called the “Notes”), issued under an Indenture,
dated as of September 30, 2020 (herein called the “Indenture,” which term shall have the meaning assigned
to it in such instrument), among the Issuer, the Subsidiary Guarantors from time to time parties thereto and Citibank, N.A., as
Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and reference
is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder
of the Issuer, any other obligor upon this Note, the Trustee and the Holders of the Notes and of the terms upon which the Notes
are, and are to be, authenticated and delivered. The terms of the Notes include those stated in the Indenture and those explicitly
made a part of the Indenture by reference to the Trust Indenture Act of 1939, as amended, as in effect from time to time (the “TIA”).
The Notes are subject to all such terms, and Holders are referred to the Indenture and any applicable provision of the TIA for
a statement of such terms. To the maximum extent permitted by law, in the case of any conflict between the provisions of this Note
and the Indenture, the provisions of the Indenture shall control. Any Additional Notes issued under the Indenture shall be consolidated
with and form a single series with the Initial Notes. All terms used in this Note that are defined in the Indenture shall have
the meanings assigned to them in the Indenture.

 

1.            Principal
and Interest

 

The Issuer shall pay the principal of this
Note on September 30, 2028.

 

Interest on the Outstanding Principal Amount
will accrue at the rate of 4.750% per annum and shall be payable semi-annually in arrears on March 30 and September 30
of each year, commencing March 30, 2021 (each, an “Interest Payment Date”). Interest on this Note will
accrue from the most recent date to which interest on this Note or any of its Predecessor Notes has been paid or duly provided
for or, if no interest has been paid, from the Issue Date. [Interest on this Note will accrue (or will be deemed to have accrued)
from the most recent date to which interest on this Note or any of its Predecessor Notes has been paid or duly provided for or,
if no such interest has been paid, from                ,                
..]6

 

Interest on the Notes shall be computed
on the basis of a 360-day year consisting of twelve 30-day months. The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name this Note (or one or
more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the
March 15 and September 15 (a “Regular Record Date”), as the case may be, immediately preceding such
Interest Payment Date. Any interest on the Notes that is payable, but is not punctually paid or duly provided for, on any Interest
Payment Date (“Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on the relevant
Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Issuer, at their election,
to the Person in whose name the Notes (or one or more Predecessor Notes) are registered at the close of business on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders not more than
15 days nor less than 10 days prior to such Special Record Date, or at any time 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,
all as more fully provided in Section 2.10 of the Indenture.

 

 

		6	Include only for Additional Notes.

 

    	 	A-4	 

     

    

 

2.            Redemption

 

On and after September 30, 2023, the
Issuer may redeem the Notes, at its option, in whole at any time or in part from time to time, upon notice as described in Section 5.4
of the Indenture, at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest,
if any, to (but not including) the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date
to receive interest due on the relevant Interest Payment Date falling prior to or on the Redemption Date), if redeemed during the
12-month period commencing on September 30 of the years set forth below:

 

	Redemption Period	 	Price	 
	2023	 	 	102.375	%
	2024	 	 	101.188	%
	2025 and thereafter	 	 	100.000	%

 

In addition, at any time prior to September 30,
2023, the Issuer may redeem the Notes at its option, in whole at any time or in part from time to time, upon notice as described
in Section 5.4 of the Indenture, at a redemption price equal to 100.0% of the principal amount of the Notes redeemed
plus the Applicable Premium calculated by the Issuer as of the date of the redemption notice, and accrued and unpaid interest,
if any, to (but not including) the applicable Redemption Date (subject to the right of Holders of record on the relevant Regular
Record Date to receive interest due on the relevant interest payment date falling prior to or on the Redemption Date).

 

Notwithstanding the foregoing, at any time
and from time to time, upon notice as described in Section 5.4 of the Indenture, prior to September 30, 2023,
the Issuer may redeem in the aggregate up to 35.0% of the original aggregate principal amount of the Notes (calculated after giving
effect to any issuance of Additional Notes of the same series) with an amount equal to the net cash proceeds of one or more Equity
Offerings by the Issuer at a redemption price (expressed as a percentage of the principal amount thereof) equal to 104.750%, plus
accrued and unpaid interest, if any, to (but not including) 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 falling prior to or on the Redemption Date);
provided, however, that at least 65.0% of the original aggregate principal amount of the Notes (calculated after giving effect
to any issuance of Additional Notes) must remain outstanding after each such redemption; and provided, further, that such redemption
shall occur within 180 days after the date on which any such Equity Offering is consummated.

 

Notwithstanding the foregoing, in connection
with any tender for or other offer to purchase any series of Notes, if Holders of not less than 90.0% in aggregate principal amount
of the outstanding Notes of such series validly tender and do not withdraw such Notes in such tender or other offer and the Issuer,
or any third party making such a tender or other offer in lieu of the Issuer, purchases all of the Notes of such series validly
tendered and not withdrawn by such Holders, all of the holders of the Notes will be deemed to have consented to such tender or
other offer and accordingly, the Issuer or such third party will have the right upon not less than 10 nor more than 60 days’
prior notice, given not more than 30 days following such purchase date, to redeem all (but not less than all) Notes of such series
that remain outstanding following such purchase at a price equal to the price offered to each other Holder in such tender offer
plus, to the extent not included in the tender or other offer payment, accrued and unpaid interest, if any, thereon, to, but excluding,
the Redemption Date.

 

    	 	A-5	 

     

    

 

3.            Method
of Payment

 

Payment of the principal of (and premium,
if any) and interest on this Note will be made at the Corporate Trust Office of the Trustee, or such other office or agency of
the Issuer maintained for that purpose; provided, however, that at the option of the Issuer, payment of interest
may be made by wire transfer of immediately available funds to the account designated to the Issuer by the Person entitled thereto
or by check mailed to the address of the Person entitled thereto as such address shall appear in the Note Register.

 

4.            Guarantees

 

This Note may hereafter be entitled to certain
other senior Guarantees made for the benefit of the Holders. Reference is made to Article X of the Indenture for terms
relating to such Guarantees, including the release, termination and discharge thereof. Neither the Issuer nor any Subsidiary Guarantor
shall be required to make any notation on this Note to reflect any Guarantee or any such release, termination or discharge.

 

5.            Sinking
Fund

 

The Notes will not be entitled to the benefit
of a sinking fund.

 

6.            Defeasance

 

The Indenture contains provisions for defeasance
at any time of the entire Indebtedness of this Note or certain restrictive covenants and certain Events of Default with respect
to this Note, in each case upon compliance with certain conditions set forth in the Indenture.

 

7.            Denominations

 

The Notes shall be issuable only in fully
registered form, without coupons, and only in denominations of the Minimum Denomination and any integral multiple of $1,000 in
excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for
a like aggregate principal amount of Notes, as requested by the Holder surrendering the same.

 

8.            Governing
Law

 

THE INDENTURE AND THIS NOTE SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

9.            Miscellaneous

 

No reference herein to the Indenture and
no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Note at the times, place and rate, and in the coin or currency, herein
prescribed.

 

As provided in the Indenture and subject
to certain limitations therein set forth, the transfer of this Note is registrable in the Note Register, upon surrender of this
Note for registration of transfer at the office or agency of the Issuer in a Place of Payment, duly endorsed by, or accompanied
by a written instrument of transfer in form satisfactory to the Issuer and the Note Registrar, duly executed by the Holder hereof
or such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of like tenor, of authorized denominations
and for the same aggregate principal amount, will be issued to the designated transferee or transferees.

 

    	 	A-6	 

     

    

 

No service charge shall be made for any
such registration, transfer or exchange, but the Issuer and/or the Trustee may require payment of a sum sufficient to cover any
transfer tax or other governmental charge payable in connection therewith.

 

The Issuer, any Subsidiary Guarantor, the
Trustee, the Paying Agent and any agent of any of them may treat the Person in whose name this Note is registered as the owner
hereof for the purpose of receiving payment of principal of (and premium, if any), and (subject to Section 2.10 of
the Indenture) interest on, such Note and for all other purposes whatsoever, whether or not this Note be overdue, and none of
the Issuer, any Subsidiary Guarantor, the Trustee, the Paying Agent nor any agent of any of them shall be affected by notice to
the contrary. 

 

    	 	A-7	 

     

    

 

[FORM OF CERTIFICATE OF TRANSFER]

 

FOR VALUE RECEIVED the undersigned holder hereby sell(s), assign(s) and
transfer(s) unto

 

Insert Taxpayer Identification No.

 

	 	 	 
	(Please print or typewrite name and address including zip code of assignee)	 	 
	 	 	 
	 	 
	
 

	 	 
	 	 
	
 

	 	 
	 	 
	the within Note and all rights thereunder, hereby irrevocably constituting and appointing	 	 
	 	 	 
	 	 
	
 

	 	 

 

attorney to transfer such Note on the books of the Issuer with
full power of substitution in the premises.

 

Check One

 

		 ̈	(a) this Note is being transferred in compliance with the exemption from registration under the Securities Act of 1933,
as amended, provided by Rule 144A thereunder.

 

or

 

		 ̈	(b) this Note is being transferred other than in accordance with (a) above and documents are being furnished which
comply with the conditions of transfer set forth in this Note and the Indenture.

 

If neither of the foregoing boxes is checked, the Trustee or
other Note Registrar shall not be obligated to register this Note in the name of any Person other than the Holder hereof unless
and until the conditions to any such transfer of registration set forth herein and in Section 2.16 of the Indenture
shall have been satisfied.

 

Date: ___________________

 

NOTICE: The signature to this assignment must correspond with
the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever.

 

Signature Guarantee: ____________________________

 

Signatures must be guaranteed by an “eligible guarantor
institution” meeting the requirements of the Note Registrar, which requirements include membership or participation in the
Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program”
as may be determined by the Note Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities
Exchange Act of 1934, as amended.

 

    	 	A-8	 

     

    

 

TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED.

 

The undersigned represents and warrants that it is purchasing
this Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such
account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933,
as amended, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received
such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request
such information and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in
order to claim the exemption from registration provided by Rule 144A.

 

	Dated:	 	 	 
	 	NOTICE: To be executed by an executive officer

 

    	 	A-9	 

     

    

 

OPTION OF HOLDER TO ELECT PURCHASE

 

If you wish to have this Note purchased by the Issuer pursuant
to Section 3.7 or 3.9 of the Indenture, check the box:      ̈.

 

If you wish to have a portion of this Note purchased by the
Issuer pursuant to Section 3.7 or 3.9 of the Indenture, state the amount below:

 

$ _____

 

Date: ____________

 

Your Signature: __________________________________

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

 

Signature Guarantee: __________________________

 

Signatures must be guaranteed by an “eligible guarantor
institution” meeting the requirements of the Note Registrar, which requirements include membership or participation in the
Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program”
as may be determined by the Note Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities
Exchange Act of 1934, as amended.

 

    	 	A-10	 

     

    

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL
NOTE

 

The following increases or decreases in
this Global Note have been made:

 

	
        Date of
        Exchange
	 	
        Amount
        of

decreases in

principal amount

of this Global

Note
	 	
        Amount
        of

increases in

principal amount 

of this Global

Note
	 	
        Principal
        amount

of this Global

Note following

such decreases or

increases
	 	
        Signature
        of

authorized officer

of Trustee or

Notes Custodian

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

    	 	A-11	 

     

    

 

EXHIBIT B

 

Form of Certificate of Beneficial
Ownership

 

On or after [        
], 20[     ]

 

CITIBANK, N.A.

388 Greenwich Street, 6th Floor

New York, NY 10013

United States

E-Mail: danny1.lee@citi.com

Facsimile No.: +1 347-632-8640

Attention: Agency & Trust – KBR, Inc., Administrator

 

Re: KBR, Inc. (the “Issuer”)

 

4.750% Senior Notes due 2028 (the “Notes”)

 

Ladies and Gentlemen:

 

This letter relates to $        principal
amount of Notes represented by the offshore [temporary] global note certificate (the “[Temporary] Regulation S Global
Note”). Pursuant to Section 2.16(3) of the Indenture dated as of September 30, 2020 relating to
the Notes (as amended, supplemented, waived or otherwise modified, the “Indenture”), we hereby certify that
(1) we are the beneficial owner of such principal amount of Notes represented by the [Temporary] Regulation S Global
Note and (2) we are either (i) a Non-U.S. Person to whom the Notes could be transferred in accordance with
Rule 903 or 904 of Regulation S (“Regulation S”) promulgated under the Securities Act of 1933, as amended
(the “Act”) or (ii) a U.S. Person who purchased securities in a transaction that did not require
registration under the Act.

 

You, the Issuer and counsel for the Issuer
are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in
this certificate have the meanings set forth in Regulation S.

 

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

 

    	 	B-1	 

     

    

 

EXHIBIT C

 

Form of Regulation S Certificate

 

Regulation S Certificate

 

CITIBANK, N.A.

388 Greenwich Street, 6th Floor

New York, NY 10013

United States

E-Mail: danny1.lee@citi.com

Facsimile No.: +1 347-632-8640

Attention: Agency & Trust – KBR, Inc., Administrator

 

Re: KBR, Inc. (the “Issuer”)

 

4.750% Senior Notes due 2028 (the “Notes”)

 

Ladies and Gentlemen:

 

In connection with our proposed sale of
$         aggregate principal amount of Notes, we confirm that such sale has been effected
pursuant to and in accordance with Regulation S (“Regulation S”) under the Securities Act of 1933, as amended
(the “Securities Act”), and accordingly, we hereby certify as follows:

 

1.            The
offer of the Notes was not made to a person in the United States (unless such person or the account held by it for which it is
acting is excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(vi) or 902(k)(2)(i) of
Regulation S under the circumstances described in Rule 902(h)(3) of Regulation S) or specifically targeted at an identifiable
group of U.S. citizens abroad.

 

2.            Either
(a) at the time the buy order was originated, the buyer was outside the United States or we and any person acting on
our behalf reasonably believed that the buyer was outside the United States or (b) the transaction was executed in,
on or through the facilities of a designated offshore securities market, and neither we nor any person acting on our behalf knows
that the transaction was pre-arranged with a buyer in the United States.

 

3.            No
directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(a) (2) or
Rule 904(a)(2) of Regulation S, as applicable.

 

4.            The
proposed transfer of Notes is not part of a plan or scheme to evade the registration requirements of the Securities Act.

 

5.            If
we are a dealer or a person receiving a selling concession or other fee or remuneration in respect of the Notes, and the proposed
transfer takes place before the end of the distribution compliance period under Regulation S, or we are an officer or director
of the Issuer or a distributor, we certify that the proposed transfer is being made in accordance with the provisions of Rules 903
and 904 of Regulation S.

 

6.            If
the proposed transfer takes place before the end of the distribution compliance period under Regulation S, the beneficial interest
in the Notes so transferred will be held immediately thereafter through Euroclear (as defined in such Indenture) or Clearstream
(as defined in such Indenture).

 

    	 	C-1	 

     

    

 

7.            We
have advised the transferee of the transfer restrictions applicable to the Notes.

 

You, the Issuer and counsel for the Issuer
are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof to any interested
party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. Terms used in this
certificate have the meanings set forth in Regulation S.

 

	 	Very
    truly yours,
	 	 
	 	[NAME
    OF SELLER]
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	Address:

 

Date of this Certificate:                 ,
20

 

    	 	C-2EX-10.5

 Exhibit 10.5 

EXECUTION VERSION 

TERM LOAN CREDIT AGREEMENT 

Dated as of January 17, 2020 

Among 
 NUTRITION &
BIOSCIENCES, INC. 
 as Company 

THE LENDERS NAMED HEREIN 

as Lenders 
 MORGAN STANLEY
SENIOR FUNDING, INC. 
 as Administrative Agent 

CREDIT SUISSE AG 
 as
Syndication Agent 
 and 

MORGAN STANLEY SENIOR FUNDING, INC., 

CREDIT SUISSE LOAN FUNDING LLC, 

COBANK ACB, 
 BNP PARIBAS,

 CITIBANK, N.A. 
 and

 JPMORGAN CHASE BANK, N.A., 

as Joint Lead Arrangers and Joint Bookrunners 

and 
 BANK OF AMERICA, N.A.,

 MIZUHO BANK, LTD., 

SUMITOMO MITSUI BANKING CORPORATION 

and 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION 
 as Documentation Agents 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE 1 DEFINITIONS AND ACCOUNTING TERMS	  	 	1	 
	 Section 1.01.
	 	 Certain Defined Terms
	  	 	1	 
	 Section 1.02.
	 	 Computation of Time Periods
	  	 	22	 
	 Section 1.03.
	 	 Accounting Terms
	  	 	22	 
	 Section 1.04.
	 	 Pro Forma Calculations
	  	 	22	 
	 Section 1.05.
	 	 Classification of Advances and Borrowings
	  	 	23	 
	 Section 1.06.
	 	 Divisions
	  	 	23	 
	 Section 1.07.
	 	 Benchmark Replacement
	  	 	23	 
	ARTICLE 2 AMOUNTS AND TERMS OF THE ADVANCES	  	 	23	 
	 Section 2.01.
	 	 The Advances
	  	 	23	 
	 Section 2.02.
	 	 Making the Advances
	  	 	24	 
	 Section 2.03.
	 	 [Reserved]
	  	 	25	 
	 Section 2.04.
	 	 Fees
	  	 	25	 
	 Section 2.05.
	 	 Termination or Reduction of the Commitments
	  	 	25	 
	 Section 2.06.
	 	 Repayment of Advances; Amortization
	  	 	26	 
	 Section 2.07.
	 	 Interest on Advances
	  	 	27	 
	 Section 2.08.
	 	 Interest Rate Determination
	  	 	27	 
	 Section 2.09.
	 	 Optional Conversion of Advances
	  	 	28	 
	 Section 2.10.
	 	 Prepayments of Advances
	  	 	29	 
	 Section 2.11.
	 	 Increased Costs
	  	 	29	 
	 Section 2.12.
	 	 Illegality
	  	 	31	 
	 Section 2.13.
	 	 Payments and Computations
	  	 	31	 
	 Section 2.14.
	 	 Taxes
	  	 	32	 
	 Section 2.15.
	 	 Sharing of Payments, Etc.
	  	 	35	 
	 Section 2.16.
	 	 Evidence of Debt
	  	 	36	 
	 Section 2.17.
	 	 Use of Proceeds
	  	 	37	 
	 Section 2.18.
	 	 [Reserved]
	  	 	37	 
	 Section 2.19.
	 	 [Reserved]
	  	 	37	 
	 Section 2.20.
	 	 Defaulting Lenders
	  	 	37	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 2.21.
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	38	 
	 Section 2.22.
	 	 Benchmark Replacement
	  	 	39	 
	 ARTICLE 3 CONDITIONS TO EFFECTIVENESS AND LENDING
	  	 	40	 
	 Section 3.01.
	 	 Conditions to Effective Date
	  	 	40	 
	 Section 3.02.
	 	 Conditions to Borrowing on the Closing Date
	  	 	41	 
	 Section 3.03.
	 	 Funding of the Advances Prior to the Closing Date
	  	 	44	 
	 Section 3.04.
	 	 Determinations Under Section 3.01, 3.02 and 3.03
	  	 	45	 
	 Section 3.05.
	 	 Certain Funds Availability
	  	 	45	 
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES
	  	 	46	 
	 Section 4.01.
	 	 Representations and Warranties
	  	 	46	 
	 ARTICLE 5 COVENANTS
	  	 	48	 
	 Section 5.01.
	 	 Affirmative Covenants
	  	 	48	 
	 Section 5.02.
	 	 Negative Covenants
	  	 	51	 
	 Section 5.03.
	 	 Financial Covenant
	  	 	54	 
	 ARTICLE 6 EVENTS OF DEFAULT
	  	 	55	 
	 Section 6.01.
	 	 Events of Default
	  	 	55	 
	 ARTICLE 7 [RESERVED]
	  	 	57	 
	 ARTICLE 8 THE AGENT
	  	 	57	 
	 Section 8.01.
	 	 Appointment and Authority
	  	 	57	 
	 Section 8.02.
	 	 Rights as a Lender
	  	 	58	 
	 Section 8.03.
	 	 Exculpatory Provisions
	  	 	58	 
	 Section 8.04.
	 	 Reliance by Agent
	  	 	59	 
	 Section 8.05.
	 	 Delegation of Duties
	  	 	59	 
	 Section 8.06.
	 	 Resignation of Agent
	  	 	59	 
	 Section 8.07.
	 	 Non-Reliance on Agent and Other Lenders
	  	 	60	 
	 Section 8.08.
	 	 No Other Duties, etc.
	  	 	61	 
	 ARTICLE 9
	  	 	61	 
		
	 MISCELLANEOUS
	  	 	61	 
	 Section 9.01.
	 	 Amendments, Etc.
	  	 	61	 

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 9.02.
	 	 Notices, Etc.
	  	 	61	 
	 Section 9.03.
	 	 No Waiver; Remedies
	  	 	63	 
	 Section 9.04.
	 	 Costs and Expenses
	  	 	63	 
	 Section 9.05.
	 	 Right of Set-off
	  	 	66	 
	 Section 9.06.
	 	 Binding Effect
	  	 	66	 
	 Section 9.07.
	 	 Assignments and Participations
	  	 	66	 
	 Section 9.08.
	 	 Confidentiality
	  	 	71	 
	 Section 9.09.
	 	 Certain ERISA Matters
	  	 	72	 
	 Section 9.10.
	 	 Governing Law; Jurisdiction; Etc.
	  	 	73	 
	 Section 9.11.
	 	 Execution in Counterparts
	  	 	74	 
	 Section 9.12.
	 	 [Reserved]
	  	 	74	 
	 Section 9.13.
	 	 [Reserved]
	  	 	74	 
	 Section 9.14.
	 	 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions
	  	 	74	 
	 Section 9.15.
	 	 Patriot Act Notice
	  	 	75	 
	 Section 9.16.
	 	 [Reserved]
	  	 	76	 
	 Section 9.17.
	 	 No Fiduciary Duty
	  	 	76	 
	 Section 9.18.
	 	 [Reserved]
	  	 	76	 
	 Section 9.19.
	 	 Waiver of Jury Trial
	  	 	76	 
	 Section 9.20.
	 	 Acknowledgement Regarding Any Supported QFCs
	  	 	76	 
	 Section 9.21.
	 	 Assumption by Icon of the Company’s Obligations
	  	 	77	 

  
 iii 

 TABLE OF CONTENTS 

(continued) 
  

			
	 	  	Page
		
	 Schedules
	  	
		
	 Schedule I – Commitments Schedule
	  	
		
	 5.02(a) – Existing Liens
	  	
		
	 Exhibits
	  	
		
	 Exhibit A-1 – Form of
3-Year Tranche Note
	  	
		
	 Exhibit A-2 – Form of
5-Year Tranche Note
	  	
		
	 Exhibit B – Form of Notice of Borrowing
	  	
		
	 Exhibit C – Form of Assignment and Assumption
	  	
		
	 Exhibit D – Tax Forms
	  	
		
	 Exhibit E – Form of Solvency Certificate
	  	
		
	 Exhibit F – Form of Guaranty
	  	
		
	Exhibit G – Form of Icon Debt Assumption Supplement	  	

  
 iv 

 TERM LOAN CREDIT AGREEMENT 

Dated as of January 17, 2020 

NUTRITION & BIOSCIENCES, INC., a Delaware corporation (including any successor by merger thereto pursuant to the Neptune
Transactions, the “Company”), the banks, financial institutions and other institutional lenders (the “Lenders”) party hereto from time to time, and MORGAN STANLEY SENIOR FUNDING, INC. (“Morgan
Stanley”), as administrative agent (the “Agent”) for the Lenders (as hereinafter defined), agree as follows: 

ARTICLE 1 
 DEFINITIONS AND
ACCOUNTING TERMS 
 Section 1.01.    Certain Defined Terms. As used in this Agreement, the following terms
shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“3-Year Tranche Advance” means an advance by a
3-Year Tranche Lender to the Company as part of a Borrowing from each of the 3-Year Tranche Lenders pursuant to Section 2.01(a), and includes a Base Rate Advance or
a Eurocurrency Rate Advance. 
 “3-Year Tranche Commitment” means as to any Lender
(a) the amount set forth opposite such Lender’s name on Schedule I hereto as such Lender’s “3-Year Tranche Commitment” or (b) if such Lender has entered into an Assignment and
Assumption, the amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 9.07(c), as such amount may be reduced pursuant to Section 2.05. As of the Effective Date, the aggregate 3-Year Tranche Commitments of all of the Lenders is $625,000,000. 
 “3-Year Tranche Lender” means each Lender with a 3-Year Tranche Commitment or that holds a 3-Year Tranche Advance. 

“3-Year Tranche Maturity Date” means the date that is the third anniversary of the
Closing Date. 
 “3-Year Tranche Note” means a promissory note of the Company
payable to any 3-Year Tranche Lender, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-1 hereto, evidencing the
aggregate indebtedness of the Company to such Lender resulting from the 3-Year Tranche Advances made by such 3-Year Tranche Lender to the Company. 

“5-Year Tranche Advance” means an advance by a
5-Year Tranche Lender to the Company as part of a Borrowing from each of the 5-Year Tranche Lenders pursuant to Section 2.01(b), and includes a Base Rate Advance or
a Eurocurrency Rate Advance. 
 “5-Year Tranche Commitment” means as to any Lender
(a) the amount set forth opposite such Lender’s name on Schedule I hereto as such Lender’s “5-Year Tranche Commitment” or (b) if such Lender has entered into an Assignment and
Assumption, the amount set forth for such Lender 

 
in the Register maintained by the Agent pursuant to Section 9.07(c), as such amount may be reduced pursuant to Section 2.05. As of the Effective Date, the aggregate 5-Year Tranche Commitments of all of the Lenders is $625,000,000. 
 “5-Year Tranche Lender” means each Lender with a 5-Year Tranche Commitment or that holds a 5-Year Tranche Advance. 

“5-Year Tranche Maturity Date” means the date that is the fifth anniversary of the
Closing Date. 
 “5-Year Tranche Note” means a promissory note of the Company
payable to any 5-Year Tranche Lender, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-2 hereto, evidencing the
aggregate indebtedness of the Company to such Lender resulting from the 5-Year Tranche Advances made by such 5-Year Tranche Lender to the Company. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Agent. 

“Advance” means each 3-Year Tranche Advance and
5-Year Tranche Advance, as applicable. 
 “Affiliate” means, as to any Person, any
other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including the terms
“controlling”, “controlled by” and “under common control with”) of a Person means the possession, direct or indirect, of the power to vote 10% or more of the Voting Stock of such Person or to direct or cause the
direction of the management and policies of such Person, whether through the ownership of Voting Stock, by contract or otherwise. 

“Agent” has the meaning specified in the recital of parties. 

“Agent’s Account” means the account of the Agent maintained by the Agent as is designated in writing from time to time
by the Agent to the Company and the Lenders for such purpose. 
 “Agreement” means this Credit Agreement, as amended,
restated, amended and restated, supplemented or otherwise modified from time to time. 
 “Anti-Corruption Laws” means all
laws, rules, and regulations of any jurisdiction applicable to any Group Member from time to time concerning or relating to bribery or corruption. 

“Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case of a
Base Rate Advance and such Lender’s Eurocurrency Lending Office in the case of a Eurocurrency Rate Advance. 

  
 2 

 “Applicable Margin” means as of any date, with respect to any Base Rate
Advance or Eurocurrency Rate Advance, as the case may be, a percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below under the applicable caption: 

 

																	
	 	  	3-Year Tranche	 	 	5-Year Tranche	 
	 Public Debt Rating S&P/Moody’s
	  	Applicable
Margin for
Base
Rate Advances	 	 	Applicable
Margin for
Eurocurrency
Rate Advances	 	 	Applicable
Margin for
Base
Rate Advances	 	 	Applicable
Margin for
Eurocurrency
Rate Advances	 
	 Level 1
	  				 				 				 			
	 A+ / A1 or above
	  	 	0.000	% 	 	 	0.750	% 	 	 	0.000	% 	 	 	0.875	% 
	 Level 2
	  				 				 				 			
	 A / A2
	  	 	0.000	% 	 	 	0.875	% 	 	 	0.000	% 	 	 	1.000	% 
	 Level 3
	  				 				 				 			
	 A- / A3
	  	 	0.000	% 	 	 	1.000	% 	 	 	0.125	% 	 	 	1.125	% 
	 Level 4
	  				 				 				 			
	 BBB+ / Baa1
	  	 	0.125	% 	 	 	1.125	% 	 	 	0.250	% 	 	 	1.250	% 
	 Level 5
	  				 				 				 			
	 BBB / Baa2
	  	 	0.250	% 	 	 	1.250	% 	 	 	0.375	% 	 	 	1.375	% 
	 Level 6
	  				 				 				 			
	 BBB- / Baa3
	  	 	0.500	% 	 	 	1.500	% 	 	 	0.625	% 	 	 	1.625	% 
	 Level 7
	  				 				 				 			
	 Lower than Level 6
	  	 	1.000	% 	 	 	2.000	% 	 	 	1.125	% 	 	 	2.125	% 

 “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. 

“Arrangers” means Morgan Stanley, Credit Suisse Loan Funding LLC, CoBank ACB, BNP Paribas, Citibank, N.A. and JPMorgan Chase
Bank, N.A., each in its capacity as a joint lead arranger and joint bookrunner for the term loan facility provided under this Agreement. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the
consent of any party whose consent is required by Section 9.07(b)(iii)), and accepted by the Agent, in substantially the form of Exhibit C or any other form approved by the Agent. 

“Authorization” means an authorization, consent, approval, resolution, license exemption, filing or registration (including,
without limitation, Environmental Permits). 
 “Bail-In Action” has the meaning
specified in Section 9.14. 

  
 3 

 “Base Rate” means a fluctuating interest rate per annum in effect from time
to time, which rate per annum shall at all times be equal to the highest of: 
 (a)    the rate of interest per annum
from time to time published in the “Money Rates” section of The Wall Street Journal as being the “Prime Lending Rate” or, if more than one rate is published as the Prime Lending Rate, then the highest of such rates (each change
in the Prime Lending Rate to be effective as of the date of publication in The Wall Street Journal of a “Prime Lending Rate” that is different from that published on the preceding domestic Business Day); provided, that in the event that
The Wall Street Journal shall, for any reason, fail or cease to publish the Prime Lending Rate, the Agent shall choose a reasonably comparable index or source to use as the basis for the Prime Lending Rate; 

(b)    1/2 of one percent per annum above the Federal Funds Rate; and 

(c)    the ICE Benchmark Administration Settlement Rate applicable to Dollars for a period of one month (“One
Month LIBOR”) plus 1.00% (for the avoidance of doubt, the One Month LIBOR for any day shall be based on the LIBOR Screen Rate at approximately 11:00 A.M. London time on such day); provided that if One Month LIBOR shall be less than zero,
such rate shall be deemed to be zero for purposes of this Agreement. 
 “Base Rate Advance” means an Advance that bears
interest as provided in Section 2.07(a)(i). 
 “Benchmark Replacement” means the sum of: (a) the alternate
benchmark rate (which may include Term SOFR) that has been selected by the Agent and the Parent giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a rate by the Relevant
Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to the LIBOR Screen Rate for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark
Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement. 

“Benchmark Replacement Adjustment” means, with respect to any replacement of the LIBOR Screen Rate with an Unadjusted
Benchmark Replacement for each applicable Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Agent and the Parent
giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the LIBOR Screen Rate with the applicable Unadjusted Benchmark
Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of LIBOR with the
applicable Unadjusted Benchmark Replacement for U.S. dollar denominated syndicated credit facilities at such time. 
 “Benchmark
Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Interest
Period,” timing and frequency of determining rates and making payments of interest and other administrative matters) that the Agent and the Parent decide may be appropriate to reflect the adoption and implementation of such Benchmark
Replacement and to permit the administration thereof by the Agent in a manner substantially consistent with market 

  
 4 

 
practice (or, if the Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Agent determines that no market practice for the administration
of the Benchmark Replacement exists, in such other manner of administration as the Agent decides (in consultation with the Parent) is reasonably necessary in connection with the administration of this Agreement). 

“Benchmark Replacement Date” means the earlier to occur of the following events with respect to LIBOR Screen Rate:
(1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the
administrator of the LIBOR Screen Rate permanently or indefinitely ceases to provide the LIBOR Screen Rate; or (2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or
publication of information referenced therein. 
 “Benchmark Transition Event” means the occurrence of one or more of the
following events with respect to the LIBOR Screen Rate: (1) a public statement or publication of information by or on behalf of the administrator of the LIBOR Screen Rate announcing that such administrator has ceased or will cease to provide
the LIBOR Screen Rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBOR Screen Rate; (2) a public statement or publication of
information by the regulatory supervisor for the administrator of the LIBOR Screen Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for the LIBOR Screen Rate, a resolution authority with
jurisdiction over the administrator for the LIBOR Screen Rate or a court or an entity with similar insolvency or resolution authority over the administrator for the LIBOR Screen Rate, which states that the administrator of the LIBOR Screen Rate has
ceased or will cease to provide the LIBOR Screen Rate permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBOR Screen Rate; or (3) a
public statement or publication of information by the regulatory supervisor for the administrator of the LIBOR Screen Rate announcing that the LIBOR Screen Rate is no longer representative and such circumstances are unlikely to be temporary. 

“Benchmark Transition Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the
applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or
publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication) and (b) in the case of an Early
Opt-in Election, the date specified by the Agent or the Required Lenders, as applicable, and, in each case, consented to by the Parent in writing (such consent not to be unreasonably withheld or delayed), and
notified to the Agent (in the case of such notice by the Required Lenders) and the Lenders. 
 “Benchmark Unavailability
Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the LIBOR Screen Rate and solely to the extent that the LIBOR Screen Rate has not been replaced with a Benchmark
Replacement, the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the LIBOR 

  
 5 

 
Screen Rate for all purposes hereunder in accordance with Section 2.22 and (y) ending at the time that a Benchmark Replacement has replaced the LIBOR Screen Rate for all purposes
hereunder pursuant to Section 2.22. 
 “Beneficial Ownership Certification” means a certification regarding beneficial
ownership as required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R.
§1010.230. 
 “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is
subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or
Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 
 “Borrowing”
means Advances of the same Class and Type, made, converted or continued on the same date and, in the case of Eurocurrency Rate Advances, as to which a single Interest Period is in effect. 

“Bridge Commitment Letter” means the commitment letter in respect of a senior unsecured
364-day bridge facility described therein, dated as of December 15, 2019, among the Company, Icon, Morgan Stanley, Credit Suisse Loan Funding LLC and Credit Suisse AG, as amended from time to time. 

“Business Day” means a day of the year on which banks are not required or authorized by law to close in New York City and, if
the applicable Business Day relates to any Eurocurrency Rate Advances, on which dealings are carried on in the London interbank market and banks are open for business in London and in New York City. 

“Cash” means, at any time, cash as defined in the Audit and Accounting Guides issued by the American Institute of Certified
Public Accountants of the United States of America (as amended from time to time) which includes as at the date of this Agreement currency on hand, demand deposits with financial institutions and other similar deposit accounts. 

“Cash Equivalents” means, at any time, cash equivalents as defined in the Audit and Accounting Guides issued by the American
Institute of Certified Public Accountants of the United States of America (as amended from time to time) which includes as at the date of this Agreement short term instruments having not more than three months to final maturity and highly liquid
instruments readily convertible to known amounts of cash. 
 “Change in Law” means the occurrence, after the date of this
Agreement, or, with respect to any Lender that becomes a party to this Agreement after the date hereof, such later date on which such Lender becomes a party to this Agreement, of any of the following: (a) the adoption or taking effect of any
law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any
request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform

  
 6 

 
and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated
by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to
be a “Change in Law”, regardless of the date enacted, adopted, issued or implemented. 
 “Class” when used in
reference to any (a) any Advance or any Borrowing, refers to whether such Advance or the Advances comprising such Borrowing, are 3-Year Tranche Advances or 5-Year
Tranche Advances and (b) any Commitment, refers to whether such Commitment is a 3-Year Tranche Commitment or a 5-Year Tranche Commitment. 

“Closing Date” means the date on which the conditions precedent set forth in Section 3.02 have been satisfied (or waived
in accordance with Section 9.01). 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, and
the regulations promulgated and rulings issued thereunder. 
 “Commitment” means each
3-Year Tranche Commitment and each 5-Year Tranche Commitment, as applicable. 

“Commitment Termination Date” has the meaning set forth in Section 2.05(c). 

“Company” has the meaning specified in the recital of parties. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 
 “Consolidated” refers to the consolidation of accounts in accordance
with GAAP. 
 “Consolidated Net Tangible Assets” means, as of any particular time, the total of all the assets appearing on
the most recent consolidated balance sheet of the Parent and its Subsidiaries (in each case, less applicable reserves and other properly deductible items) after deducting therefrom: (i) all current liabilities, including current maturities of
long-term debt and of obligations under capital leases; and (ii) the total of the net book values of all assets of the Parent and its Subsidiaries, properly classified as intangible assets under U.S. generally accepted accounting principles
(including goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangible assets). 

“Convert”, “Conversion” and “Converted” each refers to a conversion of Advances of one Type
into Advances of the other Type pursuant to Section 2.08 or 2.09. 
 “Debt” of any Person means, without duplication:
(a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of assets or services (other than trade payables incurred in the ordinary course of such Person’s business),
(c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations of such Person created or arising under any 

  
 7 

 
conditional sale or other title retention agreement with respect to assets acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event
of default are limited to repossession or sale of such assets), (e) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP (subject to the provisions of Section 1.03) recorded as capital
leases, (f) all obligations, contingent or otherwise, of such Person in respect of acceptances, letters of credit or similar extensions of credit, (g) the net obligations of such Person in respect of Hedge Agreements, (h) receivables
sold or discounted (other than any receivables to the extent they are sold on a non-recourse basis), (i) [reserved], (j) any amount raised under any other transaction (including any forward sale or purchase
agreement) having the commercial effect of a borrowing, (k) all Debt of others referred to in paragraphs (a) through (j) above or paragraph (l) below guaranteed directly or indirectly in any manner by such Person, or in effect
guaranteed directly or indirectly by such Person through an agreement (1) to pay or purchase such Debt or to advance or supply funds for the payment or purchase of such Debt, (2) to purchase, sell or lease (as lessee or lessor) assets, or
to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Debt or to assure the holder of such Debt against loss, (3) to supply funds to or in any other manner invest in the debtor (including any
agreement to pay for assets or services irrespective of whether such assets are received or such services are rendered) or (4) otherwise to assure a creditor against loss, and (l) all Debt referred to in paragraphs (a) through (k)
above secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on assets (including, without limitation, accounts and contract rights) owned by such Person, even though such Person
has not assumed or become liable for the payment of such Debt. “Debt for Borrowed Money” of a person means all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such person
other than any amounts which would be classified as indebtedness, in accordance with GAAP, which arise under any Hedge Agreements. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States of America, 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. 

“Default” means any Event of Default or any event that would constitute an Event of Default but for the requirement that
notice be given or time elapse or both. 
 “Default Interest” has the meaning specified in Section 2.07(b). 

“Defaulting Lender” means at any time, subject to Section 2.20(c), (i) any Lender that has failed for two or more
Business Days to comply with its obligations under this Agreement to make an Advance or make any other payment due hereunder (each, a “funding obligation”), unless such Lender has notified the Agent and the Company in writing that
such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding has not been satisfied (which conditions precedent, together with the applicable default, if any, will be specifically
identified in such writing), (ii) any Lender that has notified the Agent or the Company in writing, or has stated publicly, that it does not intend to comply with its funding obligations hereunder, unless such writing or statement states that such
position is based on such Lender’s good faith determination that one or more conditions precedent to funding cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically

  
 8 

 
identified in such writing or public statement), (iii) any Lender that has defaulted on its funding obligations under other loan agreements or credit agreements generally under which it has
commitments to extend credit or that has notified, or whose Parent Company has notified, the Agent or the Company in writing, or has stated publicly, that it does not intend to comply with its funding obligations under loan agreements or credit
agreements generally, (iv) any Lender that has, for two or more Business Days after written request of the Agent or the Company, failed to confirm in writing to the Agent and the Company that it will comply with its prospective funding
obligations hereunder (provided that such Lender will cease to be a Defaulting Lender pursuant to this clause (iv) upon the Agent’s and the Company’s receipt of such written confirmation), or (v) any Lender with respect to which
a Lender Insolvency Event has occurred and is continuing with respect to such Lender or its Parent Company; provided that, for the avoidance of doubt, a Lender shall not be a Defaulting Lender solely by virtue of (1) the control, ownership or
acquisition of any equity interest in that Lender or any direct or indirect Parent Company thereof by a Governmental Authority or instrumentality thereof or (2) in the case of a solvent Lender, the precautionary appointment of an administrator,
guardian, custodian or other similar official by a Governmental Authority or instrumentality thereof under or based on the law of the country where such Lender is subject to home jurisdiction supervision if applicable law requires that such
appointment not be publicly disclosed, so long as, in the case of clause (1) and clause (2), such action does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Agent
that a Lender is a Defaulting Lender under any of clauses (i) through (v) above will be conclusive and binding absent manifest error, and such Lender will be deemed to be a Defaulting Lender (subject to Section 2.20(c)) upon notification
of such determination by the Agent to the Company, and the Lenders. 
 “Disclosure Documents” means the Remainco SEC
Documents and the RMT Partner SEC Documents (each as defined in the Neptune Acquisition Agreement as in effect on December 15, 2019) filed or furnished with the SEC on or prior to the Effective Date. 

“Dollars” and the “$” sign each means lawful currency of the United States of America. 

“Domestic Lending Office” means, with respect to any Lender, its office set forth in its Administrative Questionnaire (or
identified in its Administrative Questionnaire as its Domestic Lending Office) or such other office as such Lender may hereafter designate as its Domestic Lending Office by notice to the Company and the Agent. 

“Dupont” means DuPont de Nemours, Inc., a Delaware corporation. 

“Early Opt-in Election” means the occurrence of: (1) (i) a determination by the Agent
or (ii) a notification by the Required Lenders to the Agent (with a copy to the Company) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language
similar to that contained in Section 2.22 are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBOR Screen Rate, and (2) (i) the election by the Agent with the written consent of
the Company (such consent not to be unreasonably withheld or delayed) or (ii) the election by the Required Lenders with the written consent of the Company (such consent not 

  
 9 

 
to be unreasonably withheld or delayed) to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Agent and the
Company of written notice of such election to the Lenders or by the Required Lenders and the Company of written notice of such election to the Agent. 

“EEA Financial Institution” has the meaning specified in Section 9.14. 

“EBITDA” of a Person means, for any Relevant Period, net income (or net loss) plus the sum of: (a) interest expense;
(b) income tax expense; (c) depreciation expense; (d) amortization expense and all other non-cash charges; (e) extraordinary or unusual losses deducted in calculating net income less
extraordinary or unusual gains added in calculating net income, (f) all non-recurring non-cash expenses and charges, (g) any
non-cash gains or losses from asset sales, (h) non-cash purchase accounting adjustments, (i) customary costs and expenses incurred in connection with the
transactions contemplated by the Loan Documents, (j) non-cash stock-based compensation expense for such period, (k) other expenses reducing such net income which do not represent a cash item in such
period or any future period less all non-cash items increasing net income which do not represent a cash item in such period or any future period, and (l) costs and expenses incurred in connection with the
Palate Transactions and the Neptune Transactions and customary costs and expenses incurred in connection with acquisitions, investments, issuances of equity and incurrence of indebtedness to the extent any such transaction is not prohibited by this
Agreement, in each case determined in accordance with GAAP for the Relevant Period. 
 “Effective Date” means the date on
which the conditions precedent set forth in Section 3.01 have been satisfied (or waived in accordance with Section 9.01). 

“Eligible Assignee” means any Person that meets the requirements to be an assignee under Section 9.07(b)(iii), (v) and
(vi) (subject to such consents, if any, as may be required under Section 9.07(b)(iii)). 
 “Environmental Action”
means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating
in any way to any Environmental Law, Environmental Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment, including, without limitation, (a) by any governmental or regulatory
authority or third party for enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification, cost recovery,
compensation or injunctive relief. 
 “Environmental Law” means any federal, state, local or foreign statute, law
(including common law), ordinance, rule, regulation, code, order, judgment, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, health, safety or natural resources, including,
without limitation, those relating to the use, handling, transportation, treatment, storage, disposal, release or discharge of, or exposure to, Hazardous Materials. 

“Environmental Permit” means any permit, approval, identification number, license or other authorization required under any
Environmental Law. 

  
 10 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any
Person that for purposes of Title IV of ERISA is a member of the Company’s controlled group, or under common control with the Company, within the meaning of Section 414 of the Code. 

“ERISA Event” means (a) (i) the occurrence of a reportable event, within the meaning of Section 4043 of ERISA, with
respect to any Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC, or (ii) the requirements of Section 4043(b) of ERISA are met with respect to a
contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan
within the following 30 days; (b) the application for a minimum funding waiver pursuant to Section 412 of the Code with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan
pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a facility of the Company or any ERISA Affiliate in the
circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by the Company or any ERISA Affiliate from a Multiple Employer Plan during a plan year for which it was a “substantial employer,” as defined in
Section 4001(a)(2) of ERISA; (f) the conditions for the imposition of a lien under Section 303(k) of ERISA shall have been met with respect to any Plan; (g) a determination that any Plan is in “at risk” status
(within the meaning of Section 303 of ERISA); or (h) the institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA
that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Plan. 
 “Eurocurrency Lending
Office” means, with respect to any Lender, its office, branch or Affiliate located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Eurocurrency Lending Office) or such
other office, branch or Affiliate as such Lender may hereafter designate as its Eurocurrency Lending Office by notice to the Company and the Agent. 

“Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the Federal
Reserve System, as in effect from time to time. 
 “Eurocurrency Rate” means, for any Interest Period for each Eurocurrency
Rate Advance comprising part of the same Borrowing (a) an interest rate per annum appearing on the LIBOR Screen Rate as of approximately 11:00 A.M. (London time) on the date two Business Days before the first day of such Interest Period as the
rate for Dollar deposits having a term comparable to such Interest Period by (b) a percentage equal to 100% minus the Eurocurrency Rate Reserve Percentage for such Interest Period; provided that if the Eurocurrency Rate shall be less than zero,
such rate shall be deemed to be zero for purposes of this Agreement. 
 “Eurocurrency Rate Advance” means an Advance that
bears interest as provided in Section 2.07(a)(ii). 

  
 11 

 “Eurocurrency Rate Reserve Percentage” for any Interest Period for all
Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the
Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York
City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Rate Advances is
determined) having a term equal to such Interest Period. 
 “Events of Default” has the meaning specified in
Section 6.01. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to a Recipient or
required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise and similar Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such
Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are
Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in an Advance or Commitment pursuant to a law in effect
on the date on which (i) such Lender acquires such interest in such Advance or Commitment (other than pursuant to an assignment request by the Company under Section 2.21(b)) or (ii) such Lender changes its lending office, except in
each case to the extent that, pursuant to Section 2.14, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed
its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.14(g) and (d) any withholding Taxes imposed under FATCA. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or
regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. 

“Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to
the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank
of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Agent; provided that if the Federal Funds Rate shall be less than zero, such rate
shall be deemed to be zero for purposes of this Agreement. 

  
 12 

 “Federal Reserve Bank of New York’s Website” means the website of the
Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source. 
 “Foreign Lender” means a Lender
that is not a U.S. Person. 
 “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 activities. 

“GAAP” has the meaning specified in Section 1.03. 

“Governmental Authority” means the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Group
Member” means (i) prior to the consummation of the Neptune Acquisition, each of the Company and its Subsidiaries, (ii) on and after the consummation of the Neptune Acquisition, Icon and its Subsidiaries and (iii) any other
entity which has been established by the Company or its Subsidiaries for the purpose of financing the Special Cash Payment. 

“Guaranty” means a Guaranty executed by Icon in favor of the Agent and the Lenders, substantially in the form of Exhibit
F. 
 “Hazardous Materials” means (a) petroleum and petroleum products, byproducts or breakdown products,
radioactive materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials, wastes or substances designated, classified or regulated as hazardous or toxic or as a pollutant or
contaminant, or which can form the basis for liability, under any Environmental Law. 
 “Hedge Agreements” means interest
rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements. 

“Icon” means International Flavors & Fragrances Inc., a New York corporation. 

“Icon Revolving Credit Agreement” means that certain Credit Agreement, dated as of November 9, 2011, among Icon and
certain of its Subsidiaries party thereto, the lenders party thereto from time to time and Citibank, N.A., as administrative agent (as amended, amended and restated, supplemented, modified or replaced from time to time). 

“Icon Debt Assumption” means an assumption by Icon of the obligations of the Company under this Agreement and the other Loan
Documents pursuant to the Icon Debt Assumption Supplement in accordance with Section 9.21. 

  
 13 

 “Icon Debt Assumption Supplement” means a supplement to this Agreement
executed by the Company and Icon and acknowledged by the Agent, substantially in the form of Exhibit G. 
 “Indemnified
Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Company under any Loan Document and (b) to the extent not otherwise described in (a),
Other Taxes. 
 “Indemnitee” has the meaning specified in Section 9.04(b). 

“Information” has the meaning specified in Section 9.08. 

“Information Memorandum” means the information memorandum dated January 2020, as modified or supplemented prior to the date
hereof, used by the Agent in connection with the syndication of the Commitments. 
 “Interest Period” means for each
Eurocurrency Rate Advance comprising part of the same Borrowing, the period commencing on the date of such Eurocurrency Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurocurrency Rate Advance and ending on the last
day of the period selected by the Company pursuant to the provisions below and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the
Company pursuant to the provisions below. The duration of each such Interest Period for Eurocurrency Rate Advances shall be one, two, three or six months; provided, however, that: 

(a)    the Company may not select any Interest Period (i) for any 3-Year
Tranche Advance that ends after the 3-Year Tranche Maturity Date or (ii) for any 5-Year Tranche Advance that ends after the
5-Year Tranche Maturity Date; 
 (b)    Interest Periods commencing on the same
date for Eurocurrency Rate Advances comprising part of the same Borrowing shall be of the same duration; 

(c)    [reserved]; 

(d)    whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day
of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such
Interest Period shall occur on the next preceding Business Day; and 
 (e)    whenever the first day of any Interest
Period for Eurocurrency Rate Advances occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of
months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month. 

“IRS” means the United States Internal Revenue Service. 

  
 14 

 “Lender Insolvency Event” means that (a) a Lender or its Parent
Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (b) such Lender or its
Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding or a Bail-In Action, or a receiver, trustee, conservator, intervenor or sequestrator or the like has
been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment. 

“Lenders” has the meaning set forth in the introductory paragraph to this Agreement. 

“Leverage Ratio” means the ratio of Net Debt as of the end of any Relevant Period to Consolidated EBITDA of the Group
Members, in each case on a consolidated basis, in respect of such Relevant Period. 
 “LIBOR Screen Rate” means the London
interbank offered rate as administered by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for a period equal in length to such Interest Period as displayed on page LIBOR01 of the Reuters Screen
that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, on or the approximate page of such other information service that publishes
such rate from time to time as selected by the Agent in its reasonable discretion). 
 “Lien” means any lien, security
interest or other charge or encumbrance of any kind, or any other type of preferential arrangement, including, without limitation, the lien or retained security title of a conditional vendor and any easement, right of way or other encumbrance on
title to real property. 
 “Loan Documents” shall mean this Agreement, the Guaranty, the Icon Debt Assumption and any Note.

 “Material Adverse Change” means any material adverse change in the business, condition (financial or otherwise) or
results of operations of Icon and its Subsidiaries (including, following the Neptune Acquisition, the Company) taken as a whole. 

“Material Adverse Effect” means a material adverse effect on: (a) the business, condition (financial or otherwise) or
results of operations of the Group Members taken as a whole; (b) the rights and remedies of the Agent or any Lender under the Loan Documents; or (c) the ability of the Company and Icon taken as a whole to perform their payment obligations
under the Loan Documents. 
 “Moody’s” means Moody’s Investors Service, Inc., or any successor to its rating
agency business. 
 “Morgan Stanley” has the meaning set forth in the introductory paragraph of this Agreement. 

  
 15 

 “Multiemployer Plan” means a multiemployer plan, as defined in
Section 4001(a)(3) of ERISA, to which the Company or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions. 

“Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, which is subject to
Title IV of ERISA, and that (a) is maintained for employees of the Parent or any ERISA Affiliate and at least one Person other than the Parent and the ERISA Affiliates or (b) was so maintained and in respect of which the Parent or any
ERISA Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 

“Neptune Acquired Business” means the Company and its Subsidiaries. 

“Neptune Acquisition” means the acquisition of all of the shares of the Company by Icon immediately following the Neptune
Separation pursuant to the Neptune Acquisition Agreement. 
 “Neptune Acquisition Agreement” means that certain Agreement
and Plan of Merger, dated as of December 15, 2019 (together with the exhibits and schedules thereto), among Dupont, the Company, Icon and Neptune Merger Sub I Inc., a wholly owned subsidiary of Icon, as amended and in effect from time to time.

 “Neptune Acquisition Agreement Representations” means such of the representations made by or with respect to the Neptune
Acquired Business in the Neptune Acquisition Agreement as are material to the interests of the Lenders (in their capacities as such), but only to the extent that Icon or its affiliates have the right (taking into account any applicable cure
provisions) to decline to consummate the Neptune Acquisition or to terminate Icon’s or its affiliates’ obligations (or otherwise do not have an obligation to close) under the Neptune Acquisition Agreement as a result of a failure of such
representations in the Neptune Acquisition Agreement to be true and correct. 
 “Neptune Separation” means, collectively,
(i) the transfer by Dupont to the Company, or to the applicable member of the Company’s group of affiliated companies, the capital stock of certain entities and certain assets, liabilities and operations of Dupont’s nutrition and
bioscience business, (ii) the making of the Special Cash Payment by the Company pursuant to the terms of the Neptune Separation Agreement and (iii) the distribution of 100% of the outstanding shares of the common stock of the Company (by
way of dividend, exchange offer or a combination of both) to the stockholders of Dupont. 
 “Neptune Separation Agreement”
means that certain Separation and Distribution Agreement, dated as of December 15, 2019 (together with the exhibits and schedules thereto, and including the Separation Plan, as defined therein), by and among Dupont, the Company and Icon, as
amended and in effect from time to time. 
 “Neptune Transactions” means the Neptune Acquisition, the Neptune Separation,
the execution, delivery and performance by the Company of this Agreement, the execution and delivery by Icon of the Guaranty (or in lieu or replacement thereof, the Icon Debt Assumption, as applicable), the making of the Advances hereunder and the
use of the proceeds thereof, the making of the Special Cash Payment and the other transactions contemplated by or related to the foregoing. 

  
 16 

 “Net Debt” means Debt for Borrowed Money less Cash and Cash Equivalents.

 “Non-Consenting Lender” means any Lender that does not approve any consent,
waiver or amendment that (i) requires the approval of all affected Lenders in accordance with the terms of Section 9.01 and (ii) has been approved by the Required Lenders. 

“Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting Lender.

 “Note” means any 3-Year Tranche Note and any
5-Year Tranche Note, as applicable. 
 “Notice of Borrowing” has the meaning
specified in Section 2.02(a). 
 “Nutrition & Biosciences” means Nutrition &
Biosciences, Inc., a Delaware corporation, and any successor by merger thereto pursuant to the Neptune Transactions. 
 “Other
Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having
executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an
interest in any Advance or Loan Document). 
 “Other Taxes” means all present or future stamp, court or documentary,
intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect
to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.21(b)). 

“Palate Transactions” means the acquisition by Icon of Frutarom Industries Ltd. pursuant to that certain Agreement and Plan
of Merger dated as of May 7, 2018 (together with the exhibits and schedules thereto), among Icon, Icon Newco Ltd. and Frutarom Industries Ltd. and the other transactions contemplated by or related to the foregoing. 

“Parent” means (i) prior to the consummation of the Neptune Acquisition, the Company and (ii) on and after the
consummation of the Neptune Acquisition, Icon. 
 “Parent Company” means, with respect to a Lender, the bank holding
company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, or if such Lender does not have a bank holding company, then any corporation, association, partnership or other business entity owning, beneficially or of record,
directly or indirectly, a majority of the shares of such Lender. 
 “Participant” has the meaning assigned to such term in
Section 9.07(d). 

  
 17 

 “Participant Register” has the meaning specified in Section 9.07(d).

 “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001, as amended. 

“PBGC” means the Pension Benefit Guaranty Corporation (or any successor). 

“Permitted Liens” means such of the following as to which no enforcement, collection, execution, levy or foreclosure
proceeding shall have been commenced: (a) Liens for Taxes, assessments and governmental charges or levies to the extent not required to be paid under Section 5.01(c); (b) Liens imposed by law, such as materialmen’s, mechanics’,
carriers’, workmen’s and repairmen’s Liens and other similar Liens arising in the ordinary course of business securing obligations that are not overdue for a period of more than 60 days or which are being contested in good faith and
by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person; (c) pledges or deposits to secure obligations under workers’ compensation, unemployment
insurance and other social security laws or similar legislation or to secure public or statutory obligations or to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other
obligations of a like nature in the ordinary course of business; (d) easements, rights of way and other encumbrances on title to real property that do not render title to the real property encumbered thereby unmarketable or materially adversely
affect the use of such real property for its present purposes; (e) any netting or set-off arrangement entered into by any Group Member in the ordinary course of its banking arrangements for the purpose of
netting debit and credit balances of any Group Member; (f) any Lien arising solely by virtue of the maintenance of a bank account by any Group Member in the ordinary course of business pursuant to the general terms and conditions of the bank
with which such account is held; and (g) any Lien arising by operation of law and in the ordinary course of trading. 

“Person” means any natural Person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or any political subdivision or agency thereof or other entity. 
 “Plan” means a
Single Employer Plan or a Multiple Employer Plan, which is maintained for employees of the Parent or any ERISA Affiliate. 
 “Pre-Funded Account” means an account in the name of the Agent or an Affiliate of the Agent. 

“Pre-Funding Date” has the meaning specified in Section 3.03. 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be
amended from time to time. 
 “Public Debt Rating” means, as of any date, the rating that has been most recently announced
by either S&P or Moody’s, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by Icon or, if any such rating agency shall have issued more than one such

  
 18 

 
rating, the most recent such rating issued by such rating agency. For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the
Applicable Margin shall be determined by reference to the available rating; (b) if neither S&P nor Moody’s shall have in effect a Public Debt Rating, the Applicable Margin will be set in accordance with Level 7 under the
definition of “Applicable Margin”; (c) if the ratings established by S&P and Moody’s shall fall within different levels, the Applicable Margin shall be based upon the higher rating unless the such ratings differ by two or
more levels, in which case the applicable level will be deemed to be one level below the higher of such levels; (d) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which
such change is first announced publicly by the rating agency making such change; and (e) if S&P or Moody’s shall change the basis on which ratings are established, each reference to the Public Debt Rating announced by S&P or
Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be. 

“Qualifying Acquisition” has the meaning specified in Section 5.03. 

“Ratable Share” means, with respect to any Lender at any time, the percentage of the total Commitments held by such Lender.

 “Reacquisition Sale and Leaseback Transaction” has the meaning specified in Section 5.02(b)(v). 

“Recipient” means (a) the Agent and (b) any Lender, as applicable. 

“Register” has the meaning specified in Section 9.07(c). 

“Regulation U” has the meaning specified in Section 4.01(g). 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee
officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Relevant Period” means, as of any date, the four fiscal quarter period of the Parent most recently ended on or as of such
date. 
 “Removal Effective Date” has the meaning specified in Section 8.06(b). 

“Required Lenders” means at any time Lenders owed in excess of 50% of the then aggregate unpaid principal amount of the
Advances owing to Lenders, or, if no such principal amount is then outstanding, Lenders having in excess of 50% of the Commitments; provided that if the Required Lenders are being determined only with respect to a specific Class, then the Required
Lenders of such applicable Class shall be the Lenders owed in excess of 50% of the then aggregate unpaid principal amount of the Advances of such Class owing to such Lenders, or if no principal amount is then outstanding, Lenders having in
excess of 50% of the Commitments of such Class; provided, further, that if any Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lenders at such time the Commitments of such Lender at such
time. 

  
 19 

 “Resignation Effective Date” has the meaning specified in
Section 8.06(a). 
 “Return Date” has the meaning specified in Section 3.03. 

“S&P” means S&P Global Ratings or any successor to its rating agency business. 

“Sanctioned Country” means, at any time, a country, region or territory with which dealings are broadly restricted or
prohibited by Sanctions (currently Crimea, Cuba, Iran, North Korea and Syria). 
 “Sanctioned Person” means, at any time,
(a) any Person listed in any Sanctions-related list of designated Persons maintained by the United States government, including the Office of Foreign Assets Control of the U.S. Department of the Treasury and the U.S. Department of State, or by
the United Nations Security Council, the European Union, any EU member state or Her Majesty’s Treasury of the United Kingdom, (b) any Person located, organized or resident in a Sanctioned Country or (c) any other Person with whom
dealings are restricted or prohibited by Sanctions (including by reason of ownership or control). 
 “Sanctions” means
economic or financial sanctions enforced by the United States government, including the Office of Foreign Assets Control of the U.S. Department of the Treasury and the U.S. Department of State, the United Nations Security Council, the European
Union, any EU member state or Her Majesty’s Treasury of the United Kingdom, including embargoes, export restrictions, the ability to make or receive international payments, the freezing or blocking of assets of targeted Persons, the ability to
engage in transactions with specified persons or countries, or the ability to take an ownership interest in assets of specified Persons or located in a specified country, including any laws or regulations threatening to impose economic sanctions on
any person for engaging in proscribed behavior. 
 “Significant Subsidiary” means (x) following the consummation of
the Neptune Acquisition and prior to its release from its obligations as the “Company” hereunder in accordance with Section 9.21, Nutrition & Biosciences and (y) any Subsidiary of the Parent that would be a
“significant subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the Securities and Exchange Commission. 

“Single Employer Plan” means any Plan that is subject to Title IV of ERISA, but that is not a Multiemployer Plan or a
Multiple Employer Plan. 
 “SOFR” with respect to any day means the secured overnight financing rate published for such day
by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website. 

“Solvent” means (i) the fair value of the assets of the Company and its Subsidiaries, on a consolidated basis, at a fair
valuation on a going concern basis, exceeds, on a consolidated basis, their Debts and liabilities, subordinated, contingent or otherwise, (ii) the present fair saleable value of the 

  
 20 

 
property of the Company and its Subsidiaries, on a consolidated and going concern basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis,
of their Debts and other liabilities, subordinated, contingent or otherwise, as such Debts and other liabilities become absolute and matured in the ordinary course of business, (iii) the Company and its Subsidiaries, on a consolidated basis,
are able to pay their Debts and liabilities, subordinated, contingent or otherwise, as such liabilities become absolute and matured in the ordinary course of business, and (iv) the Company and its Subsidiaries are not engaged in businesses, and
are not about to engage in businesses for which they have unreasonably small capital. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all the facts and
circumstances existing as of the applicable date of determination, would reasonably be expected to become an actual and matured liability. 

“Special Cash Payment” means the Special Cash Payment (as defined in the Neptune Separation Agreement as in effect on
December 15, 2019). 
 “Specified Representations” means the representations and warranties of, and only with respect
to, the Company set forth in Sections 4.01(a), 4.01(b)(i) and (iii) (with respect to subclause (iii), limited to non-contravention of any agreement or instrument evidencing Debt for borrowed money of the
Company in a committed or an outstanding aggregate principal amount in excess of $100,000,000 determined on a pro forma basis giving effect to the Neptune Transactions and without giving effect to any “materiality” qualification with
respect thereto), 4.01(d), 4.01(g), 4.01(h), 4.01(l) (limited to the last sentence thereof), 4.01(n) and 4.01(o). 

“Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company, trust or estate of
which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at the time capital stock of any other
class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited liability company, partnership or joint venture or (c) the beneficial
interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding),
assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Fee Letter” means the fee letter in respect of, among other things, the unsecured term loan facility contemplated by
this Agreement, dated as of December 15, 2019, by and among the Company, Icon, Morgan Stanley, Credit Suisse Loan Funding LLC and Credit Suisse AG. 

“Term SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant
Governmental Body. 
 “Total Credit Exposure” means, as to any Lender at any time, the sum of the aggregate principal
amount at such time of its outstanding Advances and Commitments. 

  
 21 

 “Type” refers to the character of an Advance as a Base Rate Advance or a
Eurocurrency Rate Advance. 
 “U.S. Person” means any Person that is a “United States person” as defined
in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to such term in
Section 2.14(g). 
 “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark
Replacement Adjustment. 
 “Voting Stock” means capital stock issued by a corporation, or equivalent interests in any other
Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening
of such a contingency. 
 “Withholding Agent” means the Company and Morgan Stanley, as Agent. 

Section 1.02.    Computation of Time Periods. In this Agreement in the computation of periods of time from a
specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”. 

Section 1.03.    Accounting Terms. All accounting terms not specifically defined herein shall be construed in
accordance with generally accepted accounting principles in the United States of America consistent with those applied in the preparation of the financial statements referred to in Section 4.01(e) (“GAAP”). Notwithstanding any
other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under
Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value
any Debt or other liabilities of the Company or any Subsidiary thereof at “fair value”, as defined therein, (ii) without giving effect to any treatment of Debt in respect of convertible debt instruments under Accounting Standards
Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Debt in a reduced or bifurcated manner as described
therein, and such Debt shall at all times be valued at the full stated principal amount thereof and (iii) in a manner such that any obligations relating to a lease that was accounted for by a Person as an operating lease as of December 2,
2016 and any similar lease entered into after December 2, 2016 by such Person shall be accounted for as obligations relating to an operating lease and not as a capital lease. 

Section 1.04.    Pro Forma Calculations. For the purpose of calculating Consolidated EBITDA for any period, if
during such period any Group Member shall have made a material acquisition or material disposition (with materiality calculated in accordance with Article 11 of Regulation S-X under the Securities Act of 1933,
as amended) (including for the avoidance of doubt, the Neptune Acquisition and the acquisition of Frutarom Industries Ltd. by Icon (as referenced in the definition of “Palate Transactions”)), Consolidated EBITDA shall be calculated giving
pro forma effect (in accordance with Article 11 of Regulation S-X under the Securities Act of 1933, as amended) thereto as if such material acquisition or material disposition occurred on the first day of such
period. 

  
 22 

 Section 1.05.    Classification of Advances and Borrowings.
For purposes of this Agreement, Advances may be classified and referred to by Class (e.g. a “3-Year Tranche Advance”) and/or by Type (e.g., a “Eurodollar
3-Year Tranche Advance”). Borrowings also may be classified and referred to by Class (e.g., a “3-Year Tranche Borrowing”) or by Type (e.g., a
“Eurodollar 3-Year Tranche Borrowing”). 

Section 1.06.    Divisions. For all purposes under the Loan Documents, in connection with any division or plan
of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it
shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders
of its equity interests at such time. 
 Section 1.07.    Benchmark Replacement. The Agent does not warrant
nor accept any responsibility nor shall the Agent have any liability with respect to (i) any Benchmark Replacement Conforming Changes, (ii) the administration, submission or any matter relating to the rates in the definition of
Eurocurrency Rate or with respect to any rate that is an alternative, comparable or successor rate thereto or (iii) the effect of any of the foregoing. 

ARTICLE 2 
 AMOUNTS AND TERMS OF
THE ADVANCES 
 Section 2.01.    The Advances. 

(a)    Subject to Sections 2.05 and 3.03, and subject to and upon the other terms and conditions set forth in this
Agreement, each 3-Year Tranche Lender severally agrees to make a 3-Year Tranche Advance to the Company in Dollars on the Closing Date up to an aggregate principal amount
not exceeding such Lender’s 3-Year Tranche Commitment. The 3-Year Tranche Commitment of each 3-Year Tranche Lender shall
automatically expire on the Closing Date after giving effect to the 3-Year Tranche Advances made pursuant to this Section 2.01(a) on such date (but, with respect to each such 3-Year Tranche Lender, only to the extent that such Lender fulfills its obligation to make such 3-Year Tranche Advances on such date). 

(b)    Subject to Sections 2.05 and 3.03, and subject to and upon the other terms and conditions set forth in this
Agreement, each 5-Year Tranche Lender severally agrees to make a 5-Year Tranche Advance to the Company in Dollars on the Closing Date up to an aggregate principal amount
not exceeding such Lender’s 5-Year Tranche Commitment. The 5-Year Tranche Commitment of each 5-Year Tranche Lender shall
automatically expire on the Closing Date after giving effect to the 5-Year Tranche Advances made pursuant to this Section 2.01(b) on such date (but, with respect to each such 5-Year Tranche Lender, only to the extent that such 5-Year Tranche Lender fulfills its obligation to make such 5-Year Tranche Advances
on such date). 

  
 23 

 (c)    Except as provided for in Section 3.03, Advances made under
this Section 2.01 and paid or prepaid may not be reborrowed. 
 Section 2.02.    Making the Advances.
(a) Each Borrowing shall be made on notice, given not later than (x) 1:00 P.M. (New York City time) on the second Business Day prior to either the Closing Date or (if applicable) the Pre-Funding Date, in
the case of a Eurocurrency Rate Advance, or (y) noon (New York City time) on the Business Day prior to either the Closing Date or (if applicable) the Pre-Funding Date, in the case of a Base Rate Advance,
by the Company to the Agent, which shall give to each Lender prompt notice thereof. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be in writing, via email or telecopier, in substantially the form of Exhibit B
hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) the Class of Advances comprising such Borrowing, (iv) aggregate amount of such Borrowing, and
(v) in the case of a Borrowing consisting of Eurocurrency Rate Advances, the initial Interest Period for each such Advance. Each Lender shall, before 1:00 P.M. (New York City time) on the date of such Borrowing, make available for the account
of its Applicable Lending Office to the Agent at the applicable Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing in accordance with the respective Commitment of such Lender. After the Agent’s receipt
of such funds and upon fulfillment of the applicable conditions set forth in Section 3.02, subject to Section 3.03 (if applicable), the Agent will make such funds available to the Company at the Agent’s address referred to in
Section 9.02 or at the applicable Payment Office, as the case may be. 
 (b)    [Reserved] 

(c)    Anything in subsection (a) above to the contrary notwithstanding, (i) the Company may not select
Eurocurrency Rate Advances for any Borrowing if the aggregate amount of such Borrowing is less than $10,000,000 or is not in an integral multiple of $1,000,000 in excess thereof, or if the obligation of the Lenders to make Eurocurrency Rate Advances
shall then be suspended pursuant to Section 2.08 or 2.12 and (ii) the Eurocurrency Rate Advances may not be outstanding as part of more than six separate Borrowings. 

(d)    Each Notice of Borrowing shall be irrevocable and binding on the Company; provided however, that any Notice of
Borrowing may be conditioned on the occurrence of any event, in which case such notice may be revoked by the Company (by notice delivered to the Agent on or prior to the date of the proposed Borrowing (whether into the
Pre-Funded Account pursuant to Section 3.03 or otherwise)) if such condition is not satisfied (it being understood that any revocation of a Notice of Borrowing shall be subject to the provisions in the
succeeding sentence). In the case of a Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurocurrency Rate Advances, the Company shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a
result of any failure to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Section 3.02, including, without limitation, any loss (excluding any loss of profits), cost
or expense incurred by reason of the liquidation or redeployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made
on such date. 

  
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 (e)    Unless the Agent shall have received notice from a Lender prior
to the time of any Borrowing that such Lender will not make available to the Agent such Lender’s ratable portion of such Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Borrowing
in accordance with this Section 2.02, and the Agent may, in reliance upon such assumption, make available to the Company on such date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion
available to the Agent, such Lender and the Company severally agree to repay to the Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Company until the
date such amount is repaid to the Agent, at (i) in the case of the Company, the higher of the interest rate applicable at the time to the Advances comprising such Borrowing and the cost of funds incurred by the Agent in respect of such amount
and (ii) in the case of such Lender, the higher of the Federal Funds Rate and the cost of funds incurred by the Agent in respect of such amount, plus any administrative, processing or similar fees customarily charged by the Agent in connection
with the foregoing. If such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for purposes of this Agreement. 

(f)    [Reserved] 

(g)    The failure of any Lender to make the Advances 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 Advance on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Advance to be made by such other Lender on the date of any
Borrowing. 
 Section 2.03.    [Reserved]. 

Section 2.04.    Fees. (a) Commitment Fees. The Company agrees to pay or cause to be paid to the
Agent for the ratable account of each Lender a commitment fee equal to 0.150% per annum times the actual daily undrawn Commitments (as such amounts shall be adjusted to give effect to any reductions of the Commitments pursuant to Section 2.05),
which fees will accrue during the period commencing on March 14, 2020 and ending on and including the earlier of (x) the Closing Date and (y) the date of termination of the Commitments, payable in arrears on the earlier of the Closing
Date and the date of termination of the Commitments; provided that no Defaulting Lender shall be entitled to receive any commitment fee for any period during which that Lender is a Defaulting Lender (and the Company shall not be required to pay such
fee that otherwise would have been required to have been paid to that Defaulting Lender). 
 (b)    Agent’s
Fees. The Company shall pay to the Agent for its own account such fees as may from time to time be agreed between the Company and the Agent, including such fees indicated in the Term Fee Letter. 

Section 2.05.    Termination or Reduction of the Commitments. (a) The Company shall have the right, upon
at least one Business Day’s notice to the Agent, to terminate in whole or permanently reduce ratably in part the unused portions of Commitments of any Class of the Lenders under this 

  
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Agreement; provided that each partial reduction (x) shall be in the minimum aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) shall be made
ratably among the Lenders in accordance with their Commitments of such Class; provided further, that any notice of termination or reduction by the Company may be conditioned on the occurrence of any event, in which case such notice may be revoked by
the Company (by notice delivered to the Agent on or prior to the date of the proposed termination or reduction) if such condition is not satisfied. 

(b)    The Company shall have the right, at any time, upon at least three Business Days’ notice to a Defaulting
Lender (with a copy to the Agent), to terminate in whole such Defaulting Lender’s Commitment under this Section 2.05(b), provided the Company will pay all principal of, and interest accrued to the date of such payment on, Advances owing to
such Defaulting Lender and pay any accrued commitment fee payable to such Defaulting Lender pursuant to Section 2.04(a) and all other amounts payable to such Defaulting Lender hereunder (including but not limited to any increased costs,
additional interest or other amounts owing under Section 2.11, any indemnification for taxes under Section 2.14, and any compensation payments due as provided in Section 9.04(c); and upon such payments, the obligations of such
Defaulting Lender hereunder shall, by the provisions hereof, be released and discharged; provided, however, that (i) such Defaulting Lender’s rights under Sections 2.11, 2.14 and 9.04 and its obligations under Section 9.04 shall
survive such release and discharge as to matters occurring prior to such date and (ii) no claim that the Company may have against such Defaulting Lender arising out of such Defaulting Lender’s default hereunder shall be released or
impaired in any way, and the aggregate amount of the Commitments of the Lenders once reduced pursuant this Section 2.05(b) may not be reinstated; provided, further, however, that if pursuant to this Section 2.05(b), the Company shall pay
to a Defaulting Lender any principal of, or interest accrued on, the Advances of any Class owing to such Defaulting Lender, then the Company shall pay or cause to be paid a ratable payment of principal and interest to all Lenders with Advances
of such Class who are not Defaulting Lenders. 
 (c)    The aggregate Commitments hereunder shall be permanently
reduced to zero on the earliest of (i) the consummation of the Neptune Acquisition without using any Advances under this Agreement, (ii) the date on which the Neptune Acquisition Agreement is terminated in accordance with its terms without
the closing of the Neptune Acquisition, (iii) receipt by the Agent of written notice from the Company of its election to terminate all Commitments hereunder in full pursuant to Section 2.05(a) above and (iv) 11:59 P.M. (New York City time)
on March 15, 2021, (or if the Initial Outside Date (as defined in the Neptune Acquisition Agreement as in effect on December 15, 2019) shall have been extended to a date not later than 11:59 P.M. (New York City time) on June 15, 2021
as provided in Section 10.1(c) of the Neptune Acquisition Agreement as in effect on December 15, 2019, then on such Extended Outside Date (as defined in the Neptune Acquisition Agreement)) (the “Commitment Termination
Date”). 
 Section 2.06.    Repayment of Advances; Amortization. 

(a)    The Company shall repay on the 3-Year Tranche Maturity Date to the Agent
for the ratable account of the 3-Year Tranche Lenders the aggregate principal amount of all unpaid 3-Year Tranche Advances made to the Company outstanding on such date.

  
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 (b)    Following the third anniversary of the Closing Date, the Company
shall repay the 5-Year Tranche Advances to the Agent for the ratable account of the 5-Year Tranche Lenders (which repayments shall be adjusted from time to time pursuant
to Section 2.10(a)), each such repayment to be made on the last Business Day of each March, June, September and December, in an aggregate principal amount equal to 2.5% of the 5-Year Tranche Advances
funded on the Closing Date (or, if applicable, the Pre-Funding Date). The Company shall repay on the 5-Year Tranche Maturity Date to the Agent for the ratable account of
the 5-Year Tranche Lenders the aggregate principal amount of all unpaid 5-Year Tranche Advances made to the Company outstanding on such date. 

Section 2.07.    Interest on Advances. (a) Scheduled Interest. The Company shall pay interest on
the unpaid principal amount of each Advance made to it and owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 

(i)    Base Rate Advances. During such periods as such Advance is a Base Rate Advance, a rate per annum equal at
all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin for Base Rate Advances in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and
December during such periods and on the date such Base Rate Advance shall be Converted or paid in full. 

(ii)    Eurocurrency Rate Advances. During such periods as such Advance is a Eurocurrency Rate Advance, a rate per
annum equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin for Eurocurrency Rate Advances in effect from time to
time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period
and on the date such Eurocurrency Rate Advance shall be Converted or such Advance shall be paid in full. 

(b)    Default Interest. Upon the occurrence and during the continuance of an Event of Default under
Section 6.01(a), the Agent may, and upon the request of the Required Lenders shall, require the Company to pay interest (“Default Interest”) on (i) the unpaid principal amount of each overdue Advance owing to each Lender,
payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and
(ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the
date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above; provided, however, that following
acceleration of the Advances pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or not previously required by the Agent. 

Section 2.08.    Interest Rate Determination. (a) The Agent shall give prompt notice to the Company and
the Lenders of the applicable interest rate determined by the Agent for purposes of Section 2.07(a)(i) or (ii). 

  
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 (b)    If, with respect to any Eurocurrency Rate Advances, the Agent
determines, or the Required Lenders notify the Agent, that the Eurocurrency Rate for any Interest Period for such Advances (1) will not adequately reflect the cost to the Lenders of making, funding or maintaining their Eurocurrency Rate
Advances for such Interest Period, (2) Dollar deposits are not being offered to banks in the London interbank market for the applicable amount and Interest Period of any applicable Eurocurrency Rate Advance or (3) adequate and reasonable
means do not exist for determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Advance, the Agent shall forthwith so notify the Company and the Lenders, whereupon (i) the Company will, on
the last day of the then existing Interest Period therefor, either (x) prepay such Advances or (y) Convert such Advances into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurocurrency
Rate Advances shall be suspended until the Agent shall notify the Company and the Lenders that the circumstances causing such suspension no longer exist, in each case, subject to Section 9.04(c). 

(c)    If the Company shall fail to select the duration of any Interest Period for any Eurocurrency Rate Advances in
accordance with the provisions contained in the definition of “Interest Period” in Section 1.01, the Agent will forthwith so notify the Company and the Lenders and such Advances will automatically, on the last day of the then
existing Interest Period therefor, Convert into Base Rate Advances. 
 (d)    [Reserved]. 

(e)    Upon the occurrence and during the continuance of any Event of Default, (i) each Eurocurrency Rate Advance
will automatically, on the last day of the then existing Interest Period therefore, be Converted into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurocurrency Rate Advances shall be suspended.

 (f)    If the LIBOR Screen Rate is unavailable, subject to Section 2.22 below, 

(i)    the Agent shall forthwith notify the Company and the Lenders that the interest rate cannot be determined for such
Eurocurrency Rate Advances, 
 (ii)    each such Advance will automatically, on the last day of the then existing
Interest Period therefor, (A) Convert into a Base Rate Advance, and 
 (iii)    the obligation of the Lenders to
make Eurocurrency Rate Advances or to Convert Advances into Eurocurrency Rate Advances shall be suspended until the Agent shall notify the Company and the Lenders that the circumstances causing such suspension no longer exist. 

Section 2.09.    Optional Conversion of Advances. The Company may on any Business Day, upon notice given to
the Agent not later than 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances of one Type and one Class comprising
the same Borrowing into Advances of the other Type of the same Class; provided, however, that (1) any Conversion of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such
Eurocurrency Rate Advances, (2) any Conversion of Base Rate Advances into Eurocurrency Rate Advances shall be in an amount not less than 

  
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$10,000,000 or in an integral multiple of $1,000,000 in excess thereof, (3) no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(c)
and (4) each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders with Advances comprising such Borrowing. Each such notice of a Conversion shall, within the restrictions specified above, specify
(i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be
irrevocable and binding on the Company giving such notice. 
 Section 2.10.    Prepayments of Advances. The
Company may, upon notice not later than 11:00 A.M. (New York City time) one Business Day prior to the date of such prepayment, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the
Company shall, prepay the outstanding principal amount of the Advances of any Class comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount
prepaid; provided, however, that (x) each partial prepayment of Advances shall be in an aggregate principal amount of not less than $10,000,000 or a multiple of $1,000,000 in excess thereof, and (y) in the event of any such prepayment of a
Eurocurrency Rate Advance, the Company shall be obligated to reimburse the Lenders in respect of any such Borrowing pursuant to Section 9.04(c) for any such prepayment other than on the last day of the Interest Period for such Advance. Optional
prepayments shall be applied to Advances (and, in the case of 5-Year Tranche Advances, to amortization payments thereof) as directed by the Company, and absent any direction, shall be applied (x) to 3-Year Tranche Advances and 5-Year Tranche Advances pro rata and (y) in the case of 5-Year Tranche Advances, to the
amortization payments required by Section 2.06 in direct order of maturity. Any notice of prepayment by the Company may be conditioned on the occurrence of any event, in which case such notice may be revoked by the Company (by notice delivered
to the Agent on or prior to the date of the proposed prepayment) if such condition is not satisfied. The Company shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before
the date specified in such notice of prepayment the applicable conditions set forth therein, including, without limitation, any loss (excluding any loss of profits), cost or expense incurred by reason of the liquidation or reemployment of deposits
or other funds acquired by such Lender in anticipation of such prepayment, as a result of such failure, is not made on such date. 

Section 2.11.    Increased Costs. (a) Increased Costs Generally. If any Change in Law shall: 

(i)    impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurocurrency Rate); 

(ii)    subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable
thereto; or 

  
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 (iii)    impose on any Lender or the London interbank market any other
condition, cost or expense (other than Taxes) affecting this Agreement or Advances made by such Lender; 
 and the result of any of the
foregoing shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing or maintaining any Advance or of maintaining its obligation to make any such Advance, or to reduce the amount of any sum received or
receivable by such Lender or other Recipient hereunder (whether of principal, interest or any other amount) then, upon written request of such Lender or other Recipient, the Company will pay to such Lender or other Recipient, as the case may be,
such additional amount or amounts as will compensate such Lender or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 

(b)    Capital Requirements. If any Lender reasonably determines that any Change in Law affecting such Lender or
any lending office of such Lender or such Lender’s holding company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such
Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Advances made by such Lender, to a level below that which such Lender or such Lender’s holding company could have achieved but for
such Change in Law (taking into consideration such Lender’s and the policies of such Lender’s holding company with respect to capital adequacy and liquidity), then from time to time the Company will pay to such Lender such additional
amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(c)    Certificates for Reimbursement. A certificate of a Lender or other Recipient setting forth the amount or
amounts necessary to compensate such Lender or its holding company, as the case may be, and demonstrating in reasonable detail the calculations used, as specified in paragraph (a) or (b) of this Section and delivered to the Company, shall be
conclusive absent manifest error. In preparation of any certificate by a Lender or other Recipient under this subsection (c), such Person shall not be required to disclose any information that such Person reasonably deems to be confidential or
proprietary. The Company shall pay such Lender orRecipient, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d)    Delay in Requests. Failure or delay on the part of any Lender or other Recipient to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or other Recipient’s right to demand such compensation; provided that the Company shall not be required to compensate a Lender or other Recipient pursuant to this
Section for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender or other Recipient, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or
reductions, and of such Lender’s or other Recipient’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the
180-day period referred to above shall be extended to include the period of retroactive effect thereof). 

  
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 (e)    Notwithstanding any other provision of this Section 2.11, no
Lender shall demand compensation for any increased cost or reduction pursuant to this Section 2.11 if it shall not at the time be the general policy or practice of such Lender to demand such compensation in similar circumstances under
comparable provisions of other credit agreements with similarly situated borrowers. 

Section 2.12.    Illegality. Notwithstanding any other provision of this Agreement, if any Lender shall notify
the Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any Lender or its Eurocurrency Lending
Office to perform its obligations hereunder to make Eurocurrency Rate Advances or to fund or maintain Eurocurrency Rate Advances, (a) each Eurocurrency Rate Advance will automatically, upon such demand, be Converted into a Base Rate Advance and
(b) the obligation of the Lenders to make Eurocurrency Rate Advances or to Convert Advances into Eurocurrency Rate Advances shall be suspended until the Agent shall notify the Company and the Lenders that the circumstances causing such
suspension no longer exist; provided, however, that before making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Eurocurrency Lending
Office if the making of such a designation would allow such Lender or its Eurocurrency Lending Office to continue to perform its obligations to make Eurocurrency Rate Advances or to continue to fund or maintain Eurocurrency Rate Advances and would
not, in the judgment of such Lender, be otherwise disadvantageous to such Lender. 
 Section 2.13.    Payments
and Computations. (a) The Company shall make each payment hereunder, irrespective of any right of counterclaim or set-off, not later than 11:00 A.M. (New York City time) on the day when due to the
Agent at the applicable Agent’s Account in same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to
Section 2.11, 2.14 or 9.04(c)) to the applicable Lenders for the account of their respective Applicable Lending Offices, and like funds relating to the payment of any other amount payable to such Lender for the account of its Applicable Lending
Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Assumption and recording of the information contained therein in the Register pursuant to Section 9.07(c), from and
after the effective date specified in such Assignment and Assumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment
and Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves. 

(b)    All computations of interest based on clause (a) of the definition of Base Rate shall be made by the Agent on
the basis of a year of 365 or 366 days, as the case may be, and all other computations of interest and of fees shall be made by the Agent on the basis of a year of 360 days, in each case for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error. 

  
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 (c)    Whenever any payment hereunder or under the Notes shall be stated
to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fee, as the case may be; provided,
however, that, if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 

(d)    Unless the Agent shall have received notice from the Company prior to the date on which any payment is due to the
Lenders hereunder that the Company will not make such payment in full, the Agent may assume that the Company has made such payment in full to the Agent on such date and the Agent may, in reliance upon such assumption, cause to be distributed to each
Lender on such due date an amount equal to the amount then due such Lender. If and to the extent the Company shall not have so made such payment in full to the Agent, each Lender shall repay to the Agent forthwith on demand such amount distributed
to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Agent, at the higher of the Federal Funds Rate and the cost of funds incurred by
the Agent in respect of such amount, plus any administrative, processing or similar fees customarily charge by the Agent in connection with the foregoing. 

Section 2.14.    Taxes. (a) [Reserved]. 

(b)    Payments Free of Taxes. Any and all payments by or on account of any obligation the Company under any Loan
Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding
of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority
in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the Company shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings
applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(c)    Payment of Other Taxes by the Company. The Company shall timely pay to the relevant Governmental Authority
in accordance with applicable law, or at the option of the Agent timely reimburse it for the payment of, any Other Taxes. 

(d)    Indemnification by the Company. The Company shall indemnify each Recipient, within 10 days after demand
therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment
to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to 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. 

  
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 (e)    Indemnification by the Lenders. Each Lender shall
severally indemnify the Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Company has not already indemnified the Agent for such Indemnified Taxes and without
limiting the obligation of the Company to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.07(d) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes
attributable to such Lender, in each case, that are payable or paid by the Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed
or asserted by the relevant Governmental 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 any Loan Document or otherwise payable by the Agent to the Lender from any other source against any amount due to the Agent under this paragraph (e). 

(f)    Evidence of Payments. As soon as practicable after any payment of Taxes by the Company to a Governmental
Authority pursuant to this Section 2.14, the Company shall deliver to the Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to the Agent. 
 (g)    Status of Lenders. (i) Any Lender
that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Company and the Agent, at the time or times reasonably requested by the Company or the Agent, such
properly completed and executed documentation reasonably requested by the Company or the Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the
Company or the Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Company or the Agent as will enable the Company or the Agent to determine whether or not such Lender is subject to backup
withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in
Section 2.14(g)(ii)(A) and (ii)(B) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially
prejudice the legal or commercial position of such Lender. 
 (ii)    Without limiting the generality of the foregoing,

 (A)    any Lender that is a U.S. Person shall deliver to the Company and the Agent on or prior to the
date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Agent), executed originals of IRS Form W-9 certifying that
such Lender is exempt from U.S. federal backup withholding tax; 
 (B)    any Foreign Lender shall, to
the extent it is legally entitled to do so, deliver to the Company and the Agent (in such number of copies 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 reasonable request of the Company or the Agent), whichever of the following is applicable: 

  
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 (1)    in the case of a Foreign Lender claiming the
benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty
and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or W-8BEN-E, as applicable,
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(2)    executed originals of IRS Form W-8ECI; 

(3)    in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit D-1 to the effect that such Foreign Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Company within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable; or 
 (4)    to the extent a Foreign
Lender is not the beneficial owner, as determined under U.S. federal income tax principles, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS
Form W-8BEN or W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit D-2 or Exhibit D-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the
Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit D-4 on behalf of each such direct and indirect partner; 
 (C)    any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company and the Agent (in such number of copies 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 reasonable request of the Company or the Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal
withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Company or the Agent to determine the withholding or deduction required to be made; and 

  
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 (D)    if a payment made to a Lender under any Loan
Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Company and the Agent at the time or times prescribed by law and at such time or times reasonably requested by the Company or the Agent such documentation prescribed by applicable law (including as
prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Company or the Agent as may be necessary for the Company and the Agent to comply with their obligations under FATCA and to
determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any
amendments made to FATCA after the date of this Agreement. 
 Each Lender agrees that if any form or certification it previously delivered
expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Company and the Agent in writing of its legal inability to do so. 

(h)    Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that
it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.14 (including by the payment of additional amounts pursuant to this Section 2.14), it shall pay to the indemnifying party an amount equal
to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket
expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall
repay to such indemnified party the amount paid over pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such
refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (h) the payment of
which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the indemnification payments or additional amounts giving rise to such refund
had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

 Section 2.15.    Sharing of Payments, Etc. If any Lender shall, by exercising any right of setoff or
counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Advances of any Class or other obligations hereunder resulting in such Lender receiving payment of a proportion of the aggregate amount of its
Advances of such Class and accrued interest thereon or other such obligations greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Agent of such fact, and
(b) purchase (for cash at face value) participations in the Advances of such Class and such other obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be
shared by the Lenders of such Class ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Advances of such Class and other amounts owing them; provided that 

  
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 (a)    so long as the Advances of such Class shall not have become
due and payable pursuant to Section 6.01, any excess payment received by any Lender of such Class shall be shared on a pro rata basis only with other Lenders of such Class; 

(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 paragraph shall not be construed to apply to (x) any payment made by the Company
pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), or (y) any payment obtained by a Lender as consideration for the assignment of or
sale of a participation in any of its Advances of such Class to any assignee or participant, other than to the Company or any Subsidiary thereof (as to which the provisions of this paragraph shall apply). 

The Company 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 the Company rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of each Company in the amount of such
participation 
 Section 2.16.    Evidence of Debt. (a) Each Lender shall maintain in accordance with
its usual practice an account or accounts evidencing the indebtedness of the Company to such Lender resulting from each Advance owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender
from time to time hereunder in respect of Advances. The Company agrees that (i) upon notice by any 3-Year Tranche Lender to the Company (with a copy of such notice to the Agent) to the effect that a 3-Year Tranche Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the 3-Year Tranche Advances
owing to, or to be made by, such 3-Year Tranche Lender, the Company shall promptly execute and deliver to such 3-Year Tranche Lender a
3-Year Tranche Note payable to such 3-Year Tranche Lender in a principal amount up to the 3-Year Tranche Commitment of such 3-Year Tranche Lender and (ii) upon notice by any 5-Year Tranche Lender to the Company (with a copy of such notice to the Agent) to the effect that a 5-Year Tranche Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the 5-Year Tranche Advances
owing to, or to be made by, such 5-Year Tranche Lender, the Company shall promptly execute and deliver to such 5-Year Tranche Lender a
5-Year Tranche Note payable to such 5-Year Tranche Lender in a principal amount up to the 5-Year Tranche Commitment of such 5-Year Tranche Lender. 
 (b)    The Register maintained by the Agent pursuant to
Section 9.07(c) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type and Class of Advances
comprising such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each Assumption Agreement and each 

  
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Assignment and Assumption delivered to and accepted by it, (iii) the amount of any principal or interest due and payable or to become due and payable from the Company to each Lender
hereunder with respect to each Class of Advances and (iv) the amount of any sum received by the Agent from the Company hereunder with respect to each Class of Advances and each applicable Lender’s share thereof. 

(c)    Entries made in good faith by the Agent in the Register pursuant to subsection (b) above, and by each Lender
in its account or accounts pursuant to subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from the Company to, in the case of the Register, each Lender and,
in the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such
account or accounts shall not limit or otherwise affect the obligations of the Company under this Agreement. 

Section 2.17.    Use of Proceeds. The proceeds of the Advances shall be used solely to finance, in part, the
Special Cash Payment and the payment of fees and expenses in connection therewith. 

Section 2.18.    [Reserved] 

Section 2.19.    [Reserved] 

Section 2.20.    Defaulting Lenders. (a) If a Lender becomes, and during the period it remains, a
Defaulting Lender, any amount paid by the Company or otherwise received by the Agent for the account of a Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity payments or other amounts) will not be paid
or distributed to such Defaulting Lender, but will instead be retained by the Agent in a segregated non-interest bearing account until the payment in full of all obligations of the Company hereunder, and will
be applied by the Agent, to the fullest extent permitted by law, to the making of payments from time to time in the following order of priority: first to the payment of any amounts owing by such Defaulting Lender to the Agent under this Agreement,
second to the payment of post-default interest and then current interest due and payable to the Non-Defaulting Lenders of the applicable Class, ratably among them in accordance with the amounts of such
interest then due and payable to them, third to the payment of fees then due and payable to the Non-Defaulting Lenders of the applicable Class hereunder in respect of this Agreement, ratably among them in
accordance with the amounts of such fees then due and payable to them, fourth to pay principal then due and payable to the Non-Defaulting Lenders of the applicable Class hereunder in respect of this
Agreement ratably in accordance with the amounts thereof then due and payable to them, fifth to the ratable payment of other amounts then due and payable to the Non-Defaulting Lenders of the applicable Class,
and sixth, after the payment in full in cash of all obligations of the Company hereunder, to pay amounts owing under this Agreement to such Defaulting Lender or as a court of competent jurisdiction may otherwise direct. Any payments, prepayments or
other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

  
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 (b)    No Commitment of any Lender shall be increased or otherwise
affected and, except as otherwise expressly provided in this Section 2.20, performance by the Company of its obligations shall not be excused or otherwise modified as a result of the operation of this Section 2.20. The rights and remedies
against a Defaulting Lender under this Section 2.20 are in addition to any other rights and remedies which the Company, the Agent or any Lender may have against such Defaulting Lender. 

(c)    If the Company and the Agent agree in writing in their reasonable determination that a Defaulting Lender should no
longer be deemed to be a Defaulting Lender, the Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to the extent applicable,
purchase at par that portion of outstanding Advances of the other Lenders or take such other actions as the Agent may determine to be necessary to cause the Advances under this Agreement and funded and held on a pro rata basis by the Lenders in
accordance with their Ratable Shares, whereupon such Lender will cease to be a Defaulting Lender, provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Company while that Lender
was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from such Lender’s having been a Defaulting Lender. 
 Section 2.21.    Mitigation
Obligations; Replacement of Lenders. 
 (a)    Designation of a Different Lending Office. If any Lender
requests compensation under Section 2.11, or requires the Company to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, then such Lender shall
(at the request of the Company) use reasonable efforts to designate a different Applicable Lending Office for funding or booking its Advances hereunder or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.11 or 2.14, as the case may be, in the future, and (ii) would not subject
such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Company hereby agrees to pay all reasonable and documented costs and expenses incurred by any Lender in connection with any such
designation or assignment. 
 (b)    Replacement of Lenders. If any Lender requests compensation under
Section 2.11, or if the Company is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14 and, in each case, such Lender has declined
or is unable to designate a different Applicable Lending Office in accordance with Section 2.21(a), or 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 9.07), all of its
interests, rights (other than its existing rights to payments pursuant to Section 2.11 or Section 2.14) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which
assignee may be another Lender, if a Lender accepts such assignment); provided that: 
 (i)    the Company or the
assignee assuming such obligations shall have paid to the Agent the assignment fee (if any) specified in Section 9.07; 

  
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 (ii)    such Lender shall have received payment of an amount equal to
the outstanding principal of its Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 9.04(c)) 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); 

(iii)    in the case of any such assignment resulting from a claim for compensation under Section 2.11 or payments
required to be made pursuant to Section 2.14, such assignment will result in a reduction in such compensation or payments thereafter; 

(iv)    such assignment does not conflict with applicable law; and 

(v)    in the case of any assignment resulting from a Lender becoming a
Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 

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. 

Section 2.22.    Benchmark Replacement. 

(a)    Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark
Transition Event or an Early Opt-in Election, as applicable, the Agent and the Company may amend this Agreement to replace the LIBOR Screen Rate with a Benchmark Replacement. Any such amendment with respect to
a Benchmark Transition Event will become effective at 5:00 P.M. (New York City time) on the fifth (5th) Business Day after the Agent has posted such proposed amendment to all Lenders and the Company so long as the Agent has not received, by such
time, written notice of objection to such amendment from Lenders comprising the Required Lenders of each Class. Any such amendment with respect to an Early Opt-in Election will become effective on the date
that Lenders comprising the Required Lenders of each Class have delivered to the Agent written notice that such Required Lenders accept such amendment. No replacement of the LIBOR Screen Rate with a Benchmark Replacement pursuant to this
Section 2.22 will occur prior to the applicable Benchmark Transition Start Date. 
 (b)    Benchmark Replacement
Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Agent, with the written consent of the Parent (such consent not to be unreasonably withheld or delayed), will have the right to make Benchmark Replacement
Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or
consent of any other party to this Agreement. 

  
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 (c)    Notices; Standards for Decisions and Determinations. The
Agent will promptly notify the Company and the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and
Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability
Period. Any determination, decision or election that may be made by the Agent or Required Lenders, in each case with the consent of the Company (such consent not to be unreasonably withheld or delayed), pursuant to Section 2.22, including any
determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive
and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to Section 2.22. 

(d)    Benchmark Unavailability Period. Upon the Company’s receipt of notice of the commencement of a
Benchmark Unavailability Period, the Company may revoke any request for a Eurodollar Rate Borrowing of, Conversion to or continuation of Eurodollar Rate Advances to be made, Converted or continued during any Benchmark Unavailability Period and,
failing that, the Company will be deemed to have converted any such request into a request for a Borrowing of or Conversion to Base Rate Advances. During any Benchmark Unavailability Period, the component of this Base Rate based upon One Month LIBOR
will not be used in any determination of Base Rate. 
 ARTICLE 3 

CONDITIONS TO EFFECTIVENESS AND LENDING 

Section 3.01.    Conditions to Effective Date. This Agreement shall become effective on and as of the first
date (the “Effective Date”) on which all of the following conditions precedent have been satisfied: 

(a)    The Agent shall have received from each party hereto a counterpart of this Agreement signed on behalf of such
party. 
 (b)    The Company shall have paid all accrued fees due and payable under the Term Fee Letter and all
reasonable and documented out-of-pocket expenses of the Agent and the Lenders (including the accrued fees and expenses of counsel to the Agent) required to be paid
pursuant to this Agreement, in the case of expenses to the extent invoiced at least three Business Days prior to the Effective Date. 

(c)    Each of the Lenders shall have received, at least three Business Days in advance of the Effective Date, all
documentation and other information with respect to the Company, as has been reasonably requested in writing at least ten (10) Business Days prior to the Effective Date, required by Governmental Authorities under applicable
“know-your-customer” and anti-money laundering rules and regulations, including as required by the Patriot Act and including a Beneficial Ownership Certification if it qualifies as a “legal entity customer” under the Beneficial
Ownership Regulation. 

  
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 (d)    Subject to Section 3.05, on the Effective Date, the
following statement will be true and the Agent shall have received for the account of each Lender a certificate signed by a duly authorized officer of the Company, dated the Effective Date, stating that the Specified Representations, other than
Section 4.01(n), are correct on and as of the Effective Date. 
 (e)    The Agent shall have received on or before
the Effective Date (x) the 3-Year Tranche Notes to the extent requested by 3-Year Tranche Lenders pursuant to Section 2.16 and (y) the 5-Year Tranche Notes to the extent requested by the 5-Year Tranche Lenders pursuant to Section 2.16, in each case, to the extent requested at least three Business Days in
advance of the Effective Date. 
 (f)    The Agent shall have received such documents and certificates as the Agent or
its counsel may reasonably request relating to the organization, existence and good standing (or equivalent) of the Company hereto on the Effective Date, and authorization by the Board of Directors or other similar governing body of the Company of
this Agreement and the other Loan Documents and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and the other Loan Documents, as applicable. 

(g)    The Agent shall have received a certificate of the Secretary or an Assistant Secretary or comparable officer of the
Company certifying the names and true signatures of the officers of the Company authorized to sign this Agreement and the other Loan Documents. 

(h)    The Agent shall have received a favorable opinions of (x) Erik T. Hoover, General Counsel of the shareholder
of the Company and (y) Skadden, Arps, Slate, Meagher & Flom LLP, counsel for the Company, in each case, in a form reasonably satisfactory to the Agent and as to such other matters as any Lender through the Agent may reasonably request.

 Section 3.02.    Conditions to Borrowing on the Closing Date. The occurrence of the Closing Date and the
availability to the Company of the proceeds of the Advances on the Closing Date (including by way of a release of the proceeds from the Pre-Funded Account) is subject solely to the satisfaction of the
following conditions: 
 (a)    The Effective Date shall have occurred. 

(b)    Each of the Neptune Acquisition and the Neptune Separation shall be consummated substantially concurrently with the
funding to the Company of the Advances, in all material respects in accordance with, as applicable, the Neptune Acquisition Agreement and the Neptune Separation Agreement after giving effect to any modifications, amendments, supplements, consents,
waivers or requests, other than those modifications, amendments, supplements, consents, waivers or requests (including the effects of any such requests) by the Company or Icon that are materially adverse to the Lenders or the Arrangers (in their
capacities as such) without the Arrangers’ prior written consent (such consent not to be unreasonably withheld, delayed or conditioned); provided that changes in the amount of the Special Cash Payment pursuant to the Neptune Separation
Agreement in effect 

  
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on December 15, 2019 shall not be deemed to be materially adverse to the interests of the Lenders or the Arrangers and shall not require the consent of the Arrangers if, in the case of a
reduction of the Special Cash Payment, subject to the applicable mandatory prepayment and commitment reduction provisions of the bridge facility contemplated by the Bridge Commitment Letter, the Commitments are reduced
dollar-for-dollar (with such reduction applied pro rata between the 3-Year Tranche Commitments and the 5-Year Tranche Commitments). 
 (c)    (x) To the extent provided to Morgan Stanley
and Credit Suisse Loan Funding LLC, in their capacities as joint lead arrangers for the bridge facility contemplated by the Bridge Commitment Letter, the Agent shall have received, (i) U.S. GAAP audited consolidated balance sheets and related
consolidated statements of income and comprehensive income, of shareholders’ equity and of cash flows of Icon and its subsidiaries for the three most recent fiscal years ended at least 60 days prior to the Closing Date and (ii) U.S. GAAP
unaudited consolidated balance sheets and related consolidated statements of income and comprehensive income, of shareholders’ equity and of cash flows of Icon and its subsidiaries for each subsequent fiscal quarter ended at least 40 days
before the Closing Date and for the corresponding periods of the prior fiscal year; provided that in each case the financial statements required to be delivered by this subclause (x) shall meet the requirements of Regulation S-X under the Securities Act of 1933, as amended, and all other accounting rules and regulations of the Securities and Exchange Commission promulgated thereunder applicable to a registration statement under such Act
on Form S-3. The Arrangers hereby acknowledge receipt of the financial statements in the foregoing subclause (x)(i) for the fiscal years ended December 28, 2018, December 29, 2017 and
December 30, 2016. Icon’s filing of any required audited financial statements with respect to Icon on Form 10-K or required unaudited financial statements with respect to Icon on Form 10-Q, in each case, will satisfy the requirements under subclauses (x)(i) or (x)(ii), as applicable. 

(y) To the extent provided to Morgan Stanley and Credit Suisse Loan Funding LLC, in their capacities as joint lead arrangers for the bridge
facility contemplated by the Bridge Commitment Letter, the Agent shall have received, (i) U.S. GAAP audited combined balance sheets, statements of income and comprehensive income, of equity and of cash flows for the Neptune Acquired Business as
of and for the Required Periods (as defined in the Neptune Acquisition Agreement) applicable to the Distribution Registration Statement (as defined in the Neptune Acquisition Agreement) and (ii) U.S. GAAP unaudited quarterly combined balance
sheets, statements of income and comprehensive income, of equity and of cash flows for the Neptune Acquired Business as of and for the Required Periods (as defined in the Neptune Acquisition Agreement) applicable to the Distribution Registration
Statement (as defined in the Neptune Acquisition Agreement); provided that the Company’s filing with the Securities and Exchange Commission of any required financial statements with respect to the Neptune Acquired Business as part of the
Distribution Registration Statement (as defined in the Neptune Acquisition Agreement) will satisfy the requirements under subclauses (y)(i) or (y)(ii), as applicable. 

(z) To the extent provided to Morgan Stanley and Credit Suisse Loan Funding LLC, in their capacities as joint lead arrangers for the bridge
facility contemplated by the Bridge Commitment Letter, the Agent shall have received pro forma financial statements, in each case as would be required to be included in the Securities Filings (as defined in the Neptune Acquisition Agreement) and
which shall meet the requirements of 

  
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Regulation S-X under the Securities Act of 1933, as amended, and all other accounting rules and regulations of the Securities and Exchange Commission
promulgated thereunder applicable to the Securities Filings (as defined in the Neptune Acquisition Agreement); provided, however, to the extent such pro forma financial statements are filed by Icon or the Company with the Securities and Exchange
Commission, the condition set forth in this subclause (z) shall be deemed satisfied. 
 (d)    The Agent shall have
received copies of the Distribution Registration Statement and the RMT Partner Registration Statement (each as defined in the Neptune Acquisition Agreement as in effect on December 15, 2019). 

(e)    Except as otherwise disclosed or identified in: 

(x) the Remainco SEC Documents (as defined in the Neptune Acquisition Agreement as in effect on December 15, 2019) filed or furnished with
the Securities Exchange Commission on or prior to December 15, 2019 (excluding any disclosures (other than statements of historical fact) in any risk factors section or in any “forward-looking statement” disclaimer); provided that
this exception shall apply only to the extent that the relevance of such disclosure to this clause (e) is reasonably apparent on its face, or 

(y) the Spinco Disclosure Schedule (it being understood that any information set forth in one section or subsection of the Spinco Disclosure
Schedule shall be deemed to apply to and qualify the representation and warranty set forth in the Section of the Neptune Acquisition Agreement to which it corresponds in number and, whether or not an explicit reference or cross-reference is made,
each other representation and warranty set forth in each other Section of Article V or Article VI of the Neptune Acquisition Agreement (as in effect on December 15, 2019) for which it is reasonably apparent on the face of such information that
such information is relevant to such other Section), 
 since December 31, 2018, there shall not have been any Effect that has had or would reasonably
be expected to have, individually or in the aggregate, a Spinco Material Adverse Effect. “Spinco Material Adverse Effect” and each other capitalized term used in this clause (e) shall have the meanings assigned thereto in the Neptune
Acquisition Agreement (as in effect on December 15, 2019) for the purposes of this clause (e). 
 (f)    Upon
giving effect to the Neptune Transactions, the Company and its subsidiaries shall have no Debt other than pursuant to the bridge facility contemplated under the Bridge Commitment Letter, Debt incurred under this Agreement or any other Permanent
Financing (as defined in the Bridge Commitment Letter), other than as contemplated by the Neptune Separation Agreement or as permitted under the Neptune Acquisition Agreement. 

(g)    Each of the Neptune Acquisition Agreement Representations and the Specified Representations shall be true and
correct in all material respects after giving effect to the making of the Advances on the Closing Date and there shall be no Default hereunder (limited to no Default under Section 6.01(a), Section 6.01(c) (limited to intentional breaches
of Section 5.02(b) by the Company only) and Section 6.01(e) (with respect to the Company only)). 

  
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 (h)    The Agent shall have received (i) a solvency certificate
from the chief executive officer, chief financial officer, treasurer or assistant treasurer of the Company, which shall be substantially in the form attached hereto as Exhibit E, (ii) a Notice of Borrowing, which shall be substantially in the
form attached hereto as Exhibit B, (iii) a certificate dated the Closing Date and signed by a responsible officer of the Company confirming the satisfaction of the conditions precedent in paragraphs (b), (e), (f) and (g) of this
Section 3.02 and certifying that there has been no change to the matters contained in the certificates, resolutions or other equivalent documents since the date of their delivery pursuant to Section 3.01(f) and (g) (or otherwise attaching
any applicable updates thereto) and (iv) at least three Business Days in advance of the Closing Date, all documentation and other information with respect to the Company, as has been reasonably requested in writing at least ten
(10) Business Days prior to the Closing Date, required by Governmental Authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including as required by the Patriot Act and including a
Beneficial Ownership Certification if it qualifies as a “legal entity customer” under the Beneficial Ownership Regulation. 

(i)    The Agent and the Lenders shall have received (or shall simultaneously receive) all fees and, to the extent
invoiced at least three Business Days prior to the Closing Date, expenses required to be paid on or prior to the Closing Date pursuant to the Term Fee Letter and this Agreement. 

Section 3.03.    Funding of the Advances Prior to the Closing Date. The Company may request in the applicable
Notice of Borrowing, which shall be delivered in accordance with Section 2.02, that the Lenders fund their Ratable Share of the applicable Borrowing one Business Day in advance of the anticipated Closing Date (which anticipated Closing Date
shall have been reasonably determined by the Company upon delivering such Notice of Borrowing) (such requested date of funding, the “Pre-Funding Date”), in which case, each Lender shall make
available to the Agent its Ratable Share of the applicable Borrowing in same day funds not later than 1:00 P.M. (New York City time) on the Pre-Funding Date in accordance with Section 2.02, as if such
Pre-Funding Date was the applicable date of Borrowing; provided that all conditions set forth in Section 3.02 (other than Sections 3.02(b), (e), (f) and (g)) shall be satisfied on such Pre-Funding Date.
The parties hereby agree that (i) the Advances so funded shall accrue interest as contemplated by Section 2.07 from the Pre-Funding Date and be due and payable to the Lenders on the dates set forth
in and otherwise in accordance with Section 2.07 (except to the extent provided in clause (y) of the immediately succeeding sentence), as if such Advances were funded to the Company on the
Pre-Funding Date, (ii) all fees that would have been payable to the Lenders on the Closing Date pursuant to Section 3.02(i) shall be due and payable on the
Pre-Funding Date and (iii) the proceeds of the Advances shall not be released from the Pre-Funded Account until the Closing Date occurs in accordance with
Section 3.02. If the Closing Date does not occur on or before the earlier of the third Business Day after the Pre-Funding Date and the Commitment Termination Date, then on the Business Day immediately
following such earlier date (such date, the “Return Date”), (x) the Advances shall be repaid immediately, (y) the Company shall pay all interest accrued thereon from the Pre-Funding Date
to the Return Date (together with any such amounts owed under Section 9.04(c), calculated as if the return of such funds was a prepayment of Advances in an equal principal amount on the Return Date) and (z) if the Commitment Termination
Date has not occurred, the Commitments shall be restored to the amount they would have been at but for the funding of the Advances on the Pre-Funding Date. The Company shall be liable for all accrued and
unpaid interest, fees and other expenses as provided for herein, including any fees and expenses of the Agent in connection with the establishment and maintenance of the Pre-Funded Account. 

  
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 Section 3.04.    Determinations Under
Section 3.01, 3.02 and 3.03. For purposes of determining compliance with the conditions specified in Section 3.01, 3.02 or 3.03, as the case may be, each Lender 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 contemplated by this Agreement
shall have received notice from such Lender prior to the date that the Company, by notice to the Lenders, designates as the proposed Effective Date, the Closing Date or the Pre-Funding Date (as applicable) to
the Company specifying its objection thereto. The Agent shall promptly notify the Lenders of the occurrence of the Effective Date, the Closing Date and the Pre-Funding Date (as applicable) and each such notice
shall be conclusive and binding. 
 Section 3.05.    Certain Funds Availability. Notwithstanding anything to
the contrary herein (including Section 6.01), during the period from and including the Effective Date and to and including the Closing Date (after giving effect to the funding of the Advances on such date), and notwithstanding (i) that any
representation given on the Effective Date or the Closing Date (excluding the Specified Representations and Neptune Acquisition Agreement Representations constituting conditions to the Closing Date) was incorrect, (ii) any failure by the
Company to comply with the affirmative covenants and negative covenants or the existence of any Default or Event of Default (excluding (i) compliance on the Closing Date with Section 5.02(b) to the extent constituting a condition precedent
to the Closing Date or (ii) the occurrence and continuation of any Event of Default under this Agreement with respect to Section 6.01(a) or Section 6.01(e) (with respect to the Company only)), (iii) any provision to the contrary in
this Agreement, any other Loan Document or otherwise or (iv) that any condition to the Effective Date may subsequently be determined not to have been satisfied, neither the Agent nor any Lender shall be entitled to (a) cancel any of its
Commitments (except as set forth in Section 2.05(c)), (b) rescind, terminate or cancel this Agreement or any Loan Document or any of its Commitments hereunder or exercise any right or remedy under this Agreement or any Loan Document, to the
extent to do so would restrict, prevent, limit or delay the making of its Advance on the Closing Date or the Pre-Funding Date, as applicable, (c) refuse to participate in making its Advance on the Closing
Date or the Pre-Funding Date, as applicable or (d) exercise any right of set-off or counterclaim in respect of its Advance to the extent to do so would prevent,
limit or delay the making of its Advance on the Closing Date or the Pre-Funding Date, as applicable; provided that from the Closing Date after giving effect to the funding of the Advances on such date, all of
the rights, remedies and entitlements of the Agent and the Lenders shall be available notwithstanding that such rights were not available prior to such time as a result of the foregoing. In addition, notwithstanding anything to the contrary in this
Agreement, any other Loan Document or otherwise, the only representations the accuracy of which shall be a condition to the availability of Advances on the Closing Date shall be the Neptune Acquisition Agreement Representations and the Specified
Representations to the extent set forth in Section 3.02(g) and the only defaults the absence of which shall be a condition to the availability of Advances on the Closing Date shall be the Defaults set forth in Section 3.02(g). 

  
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 ARTICLE 4 

REPRESENTATIONS AND WARRANTIES 

Section 4.01.    Representations and Warranties. On the Effective Date (solely with respect to the Specified
Representations, other than Section 4.01(n)) and on the Closing Date (with respect to all representations and warranties set forth below), the Company represents and warrants as follows: 

(a)    Status. The Company is duly organized or duly incorporated (as the case may be), validly existing and in
good standing under the laws of its jurisdiction of incorporation or organization. 
 (b)    Power and Authority.
The execution, delivery and performance by each Group Member of the Loan Documents to which it is a party, and the consummation of the transactions contemplated thereby, are within such Group Member’s corporate powers, have been duly authorized
by all necessary corporate action, and do not conflict with (i) such Group Member’s charter, by-laws or other constitutive documents or (ii) any law or (iii) any material contractual
restriction, or to the knowledge of such Group Member, any other contractual restriction, binding on or affecting such Group Member. 

(c)    Validity and Admissibility in Evidence. All Authorizations required (i) for the due execution, delivery
and performance by each Group Member of the Loan Documents to which it is a party or (ii) to make the Loan Documents to which any Group Member is a party admissible in evidence in its jurisdiction of incorporation have been obtained or effected
and are in full force and effect. 
 (d)    Binding Obligations. Each Loan Document once delivered will have been
duly executed and delivered by each Group Member which is a party thereto and each Loan Document once delivered will be the legal, valid and binding obligation of such Group Member enforceable against it in accordance with its terms except to the
extent that such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect and may be subject to the discretion of
courts with respect to the granting of equitable remedies and to the power of courts to stay proceedings for the execution of judgments. 

(e)    Financial Statements. The consolidated balance sheet of Icon and its subsidiaries as at December 28,
2018, and the related consolidated statements of income and comprehensive income, of shareholders’ equity and of cash flows for Icon and its subsidiaries for the financial year then ended, accompanied by an opinion of the Icon’s auditors,
copies of which have been furnished to each Lender, fairly present in all material respects the Consolidated financial condition of Icon and its subsidiaries as at such date and the Consolidated results of the operations of the Icon and its
Subsidiaries for the period ended on such date, all in accordance with GAAP consistently applied. Since December 28, 2018, there has been no Material Adverse Change. 

  
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 (f)    No Proceedings Pending or Threatened. There is no pending
or threatened action, suit, investigation, litigation or proceeding, including, without limitation, any Environmental Action, affecting any Group Member before any court, governmental agency or arbitrator that (i) except as disclosed in the
Disclosure Documents (excluding any risk factor disclosure contained in a “risk factors” section (other than any factual information contained therein) or in any “forward-looking statements” legend or other similar
disclosures included therein to the extent they are similarly predictive or forward-looking in nature), could be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of the Loan
Documents or the consummation of the transactions contemplated thereby. 
 (g)    Margin Stock Regulations.
Neither the Company nor Icon is engaged, principally or as one of its important activities, in the business of extending and neither the Company nor Icon will, principally or as one of its important activities, extend credit for the purpose of
purchasing or carrying margin stock (within the meaning of the United States Regulation U issued by the Board of Governors of the United States Federal Reserve System (“Regulation U”)), and no proceeds of any Advances will be used
directly or indirectly to purchase or carry any margin stock, or to extend credit to others for the purpose of purchasing or carrying any margin stock, in violation of Regulation U. 

(h)    Investment Company. Neither the Company nor Icon is required to be registered as an “investment
company” under the Investment Company Act of 1940. 
 (i)    No Misleading Information. 

(i)    Any written or formally presented information taken as a whole and other than projections, estimates and other
forward-looking materials and information of a general economic or industry nature provided by the Company or any of its Subsidiaries or Icon or any of its Subsidiaries for the purposes of the Information Memorandum was true and accurate in all
material respects as at the date it was provided. 
 (ii)    Nothing has been omitted from the Information Memorandum
and no information has been given or withheld that results in the information contained in the Information Memorandum, when taken as a whole, being untrue or misleading in any material respect. 

(iii)    All written or formally presented information taken as a whole and other than projections, estimates and other
forward-looking materials and information of a general economic or industry nature (other than the Information Memorandum taken as a whole and other than projections, estimates and other forward-looking materials and information of a general
economic or industry nature) supplied by the Company or any of the Company’s Subsidiaries or by Icon or any of Icon’s Subsidiaries to the Agent or any Lender is true, complete and accurate in all material respects as at the date it was
given and is not misleading in any material respect (after giving effect to any supplements and updates provided thereto). 

(iv)    The information included in any Beneficial Ownership Certification delivered hereunder is accurate in all
material respects. 

  
 47 

 (j)    [Reserved]. 

(k)    [Reserved]. 

(l)    Anti-Corruption Laws and Sanctions. The Parent has implemented and maintains in effect policies and
procedures designed to ensure compliance by each Group Member and its directors, officers, employees and agents with Anti-Corruption Laws and applicable anti-money laundering laws and Sanctions, and each Group Member and its directors, officers and,
to the knowledge of such Group Member, its employees and agents, when acting on behalf of such Group Member, are in compliance with Anti-Corruption Laws and applicable anti-money laundering laws and Sanctions in all material respects. None of
(a) the Group Members or any of their respective directors or officers or (b) to the knowledge of the Parent, any employee or agent of such Group Member that will act in any capacity in connection with this Agreement established hereby, is
a Sanctioned Person. No Borrowing, use of proceeds or other transaction contemplated by this Agreement will result in a violation of Anti-Corruption Laws or applicable anti-money laundering laws or Sanctions. 

(m)    [Reserved]. 

(n)    Solvency. On the Closing Date after giving effect to the Transactions, the Company and its Subsidiaries, on
a consolidated basis, are Solvent. 
 (o)    Patriot Act. The Parent is in compliance in all material respects
with applicable provisions of the Patriot Act. 
 (p)    Event of Default. No Default or Event of Default has
occurred and is continuing. 
 ARTICLE 5 

COVENANTS 

Section 5.01.    Affirmative Covenants. From and after the Closing Date and for so long as any Advance shall
remain unpaid: 
 (a)    Authorization. Each of the Company and Icon shall promptly (i) obtain, comply with
and do all that is necessary to maintain in full force and effect; and (ii) supply certified copies to the Agent of, any Authorization required under any law or regulation of its jurisdiction of incorporation to enable it to perform all of its
payment and other material obligations under any Loan Document to which it is a party and to ensure the legality, validity, enforceability or admissibility in evidence in its jurisdiction of incorporation of any Loan Document. 

(b)    Compliance with Laws. Each Group Member shall comply, and cause each of its Subsidiaries to comply with all
applicable laws, rules, regulations and orders, such compliance to include, without limitation, compliance with ERISA and Environmental Laws and Environmental Permits, except where (i) non-compliance
would not, in the aggregate, have a Material Adverse Effect or (ii) the necessity of compliance therewith is contested in good faith by appropriate proceedings. The Parent will maintain in effect and enforce policies and procedures designed to
ensure compliance by each Group Member and its respective directors, officers, employees and agents with Anti-Corruption Laws and applicable anti-money laundering laws and Sanctions. 

  
 48 

 (c)    Taxes. Each Group Member shall pay and discharge, and
cause each of its Subsidiaries to pay and discharge, before the same shall become overdue, (i) all material Taxes, assessments and governmental charges or levies imposed upon it or upon its assets and (ii) all lawful claims that, if
unpaid, might by law become a Lien upon its assets; provided, however, that no Group Member shall be required to pay or discharge any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and as to
which appropriate reserves are being maintained in accordance with GAAP. 
 (d)    Maintenance of Insurance. Each
Group Member shall maintain insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the
same general areas in which such Group Member operates; provided, however, that each Group Member may self-insure to the same extent as other companies engaged in similar businesses and owning similar properties in the same general areas in which
such Group Member operates and to the extent consistent with prudent business practice. 
 (e)    Preservation of
Corporate Existence, Etc. Each Group Member shall preserve and maintain its corporate existence, rights (charter and statutory) and franchises, provided, however, that any Group Member may consummate any merger or consolidation permitted under
Section 5.02(b) (including for the avoidance of doubt, the Neptune Separation and the Neptune Acquisition) and provided further that none of the Group Members shall be required to preserve any right or franchise if the preservation thereof is
no longer desirable in the conduct of the business of the Group Members, and that the loss thereof is not disadvantageous in any material respect to the Group Members or the Lenders. 

(f)    Keeping of Books. Each Group Member shall keep proper books of record and account, in which full and correct
entries shall be made of all financial transactions and the assets and business of each such Group Member in accordance with, and to the extent required by, generally accepted accounting principles in effect from time to time. 

(g)    Maintenance of Properties, Etc. Each Group Member shall maintain and preserve all of its properties that are
used or useful in the conduct of its business in good working order and condition (ordinary wear and tear excepted), except where failure to do so would not result in a Material Adverse Effect. 

(h)    Reporting Requirements. Icon shall furnish to the Agent (which shall make available to the Lenders): 

(i)    as soon as available and in any event within 45 days after the end of each of the first three quarters of each
fiscal year of Icon, the Consolidated balance sheet of the Icon and its Subsidiaries as of the end of such quarter and Consolidated statements of income and cash flows of the Icon and its Subsidiaries for the period commencing at the end of the
previous fiscal year and ending with the end of such quarter, duly certified 

  
 49 

 
(subject to year-end audit adjustments and the absence of footnotes) by a financial officer of Icon as having been prepared in accordance with generally
accepted accounting principles in effect at such date and a certificate of a financial officer of Icon as to compliance with the terms of this Agreement and setting forth in reasonable detail the calculations necessary to demonstrate compliance with
Section 5.03, provided that in the event of any change in generally accepted accounting principles used in the preparation of such financial statements, Icon shall also provide, if necessary for the determination of compliance with
Section 5.03, a statement of reconciliation conforming such financial statements to GAAP; 
 (ii)    as soon as
available and in any event within 90 days after the end of each fiscal year of Icon, a copy of the annual audit report for such year for Icon and its Subsidiaries, containing the Consolidated balance sheet of Icon and its Subsidiaries as of the end
of such fiscal year and Consolidated statements of income and cash flows of Icon and its Subsidiaries for such fiscal year, in each case accompanied by an opinion by PricewaterhouseCoopers LLP or other independent public accountants of comparable
size and of international reputation (which opinion shall be unqualified as to going concern and scope of audit) and a certificate of a financial officer of Icon as to compliance with the terms of this Agreement and setting forth in reasonable
detail the calculations necessary to demonstrate compliance with Section 5.03, provided that in the event of any change in generally accepted accounting principles used in the preparation of such financial statements, Icon shall also provide,
if necessary for the determination of compliance with Section 5.03, a statement of reconciliation conforming such financial statements to GAAP; 

(iii)    as soon as possible and in any event within five days after the occurrence of each Default continuing on the
date of such statement, a statement of an officer of the Parent setting forth details of such Default and the action that the Parent or the applicable Group Member has taken or proposes to take with respect thereto; 

(iv)    promptly after the sending or filing thereof, copies of all material reports that the Parent sends to any of its
securityholders, and copies of all material reports and registration statements that any Group Member files with the Securities and Exchange Commission or any national securities exchange; 

(v)    promptly after the commencement thereof, notice of all material actions and proceedings before any court,
governmental agency or arbitrator affecting any Group Member of the type described in Section 4.01(f); and 

(vi)    such other information respecting any Group Member as any Lender through the Agent may from time to time
reasonably request. 
 Reports and financial statements required to be delivered by the Parent pursuant to paragraphs (i), (ii) and
(iv) of this Section 5.01(h) shall be deemed to have been delivered on the date on which the Parent posts such reports, or reports containing such financial statements, on its website on the Internet at www.iff.com (or any successor
website) or is made publicly available on the Securities and Exchange Commission’s EDGAR database provided that the Parent notifies the Agent that such reports have been posted and that such web site is accessible by the Agent and the Lenders;
and provided further that paper copies of the reports and financial statements referred to in Sections 5.01(h)(i), (ii) and (iv) shall be delivered by the Parent to the Agent or any Lender who requests it to deliver such paper copies until
written notice to cease delivering paper copies is given by the Agent or such Lender. 

  
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 (i)    Visitation Rights. The Parent shall, at any reasonable
time and with reasonable prior notice and from time to time, permit the Agent or any of the Lenders or any agents or representatives thereof, to examine and make copies of and abstracts from the records and books of account of, and visit the
properties of, such Group Member, and to discuss the affairs, finances and accounts of the Group Members with any of their officers or directors and with their independent certified public accountants; provided however, rights of the Agent and the
Lenders shall not extend to any information covered by attorney-client or other legal privilege or to the extent the exercise of such inspection rights would reasonably be expected to result in violation or other breach of any third-party
confidentiality agreements). Unless an Event of Default has occurred and is continuing, the Agent and the Lenders shall be limited to one visit in any year, to be coordinated through the Agent. 

(j)    Guaranty. On the Closing Date, immediately following the consummation of the Neptune Separation and Neptune
Acquisition, unless the Icon Debt Assumption shall have occurred, Icon shall (i) guarantee all of the Company’s obligations hereunder (and agree to comply with the covenants and agreements hereunder which are applicable to the Parent and
its Subsidiaries) by executing and delivering to the Agent the Guaranty and (ii) deliver to the Agent documents with respect to Icon of the types referred to in clauses (c), (f), (g) and (h) of Section 3.01, all in form and substance
reasonably satisfactory to the Agent. Icon shall be automatically released from its obligations under the Guaranty upon the occurrence of the Icon Debt Assumption in accordance with Section 9.21. The Lenders irrevocably authorize the Agent
(1) to enter into the Guaranty and (2) to, at the sole expense of the Parent, execute and deliver any documentation reasonably requested by the Company or Icon to evidence any release in accordance with the immediately preceding sentence.

 Section 5.02.    Negative Covenants. From and after the Closing Date and for so long as any Advance shall
remain unpaid: 
 (a)    Liens, Etc. No Group Member shall create or suffer to exist, or permit any of their
Subsidiaries to create or suffer to exist, any Lien on or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any of their Subsidiaries to assign, any right to receive income, other than: 

(i)    Permitted Liens; 

(ii)    purchase money Liens upon or in any real property or equipment acquired or held by any Group Member in the
ordinary course of business to secure the purchase price of such real property or equipment or to secure Debt incurred solely for the purpose of financing the acquisition of such real property or equipment, or Liens existing on such real property or
equipment at the time of its acquisition (other than any such Liens created in contemplation of such acquisition that were not incurred to finance the acquisition of such real property) or extensions, renewals or replacements of any of the foregoing
for the same or a lesser amount, provided, however, that no such Lien shall extend to or cover any assets of any character other than the real property or equipment being acquired, and no such extension, renewal or replacement shall extend to or
cover any assets 

  
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not theretofore subject to the Lien being extended, renewed or replaced, provided further that the aggregate principal amount of the indebtedness secured by the Lien referred to in this paragraph
(ii) shall not exceed $250,000,000 (or its equivalent in another currency or currencies) at any time outstanding; 

(iii)    Liens on assets of a Person existing at the time such Person is merged into or consolidated with any Group
Member or becomes a Group Member or a Subsidiary of the Parent; provided that such Liens were not created in contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of the Person so merged into or
consolidated with such Group Member or acquired by such Group Member; 
 (iv)    other Liens securing Debt or other
obligations in an aggregate principal amount at any time outstanding not to exceed the greater of (x) $500,000,000 (or its equivalent in another currency or currencies) and (y) 15% of Consolidated Net Tangible Assets; 

(v)    the replacement, extension or renewal of any Lien permitted by paragraph (iii) above, provided that such
replacement, extension or renewal shall not extend to or cover any assets not subject to the Lien being replaced, extended or renewed and provided further that the grantor of the Lien as obligor of the relevant Debt shall not change and the amount
of the Debt secured thereby shall not increase as a result of such replacement, extension or renewal; 
 (vi)    any
Liens or pledges for the benefit of any Group Member arising by reason of deposits to qualify such Group Member to maintain self-insurance; 

(vii)    any Lien with respect to judgments and attachments that do not result in an Event of Default; 

(viii)    Liens or assignments of accounts receivable arising in the ordinary course of business under supply chain
financing arrangements; 
 (ix)    Liens existing on the date of this Agreement granted by the Company or any of its
Subsidiaries or Icon or any of its Subsidiaries and securing Debt or other obligations outstanding on the date of this Agreement, as set forth on Schedule 5.02(a); and 

(x)    any Liens arising in connection with customary escrow arrangements with lenders and other financing sources or any
agent with respect to Debt to fund the Special Cash Payment pending consummation of the Neptune Separation and the Neptune Acquisition. 

(b)    Mergers, Etc. The Company and Icon shall not merge or consolidate with or into, or convey, transfer, lease
or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of the assets (whether now owned or hereafter acquired) of the Group Members, taken as a whole, to any person, or permit any of its
Subsidiaries to do so, except that: 
 (i)    any Subsidiary of the Parent (other than, prior to the release of its
obligations as “the Company” in accordance with Section 9.21, Nutrition & Biosciences) may (A) merge or consolidate with or into any other Subsidiary of the Parent or an entity that will

  
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substantially concurrently therewith become a Subsidiary of the Parent (provided if such merger or consolidation involves the Parent or, prior to the release of its obligations as “the
Company” in accordance with Section 9.21, Nutrition & Biosciences, the Parent or Nutrition & Biosciences, as applicable, shall be the surviving entity or successor) or (B) dispose of its assets to any other
Subsidiary of the Parent; 
 (ii)    any Group Member may merge into or dispose of assets to the Parent; 

(iii)    the liquidation or reorganization of any Group Member (other than the Parent or, prior to the release of its
obligations as “the Company” in accordance with Section 9.21, Nutrition & Biosciences) is permitted so long as any payments or assets distributed as a result of such liquidation or reorganization are distributed to a Group
Member; 
 (iv)    [reserved]; 

(v)    any Group Member may dispose of an asset to a Person which is not a Group Member on terms that such asset is to be
reacquired by a Group Member (a “Reacquisition Sale and Leaseback Transaction”); provided that the principal obligations of such Group Member, when aggregated with the principal obligations of the Group Members in respect of all
other Reacquisition Sale and Leaseback Transactions entered into after the date hereof, do not exceed $300,000,000 (or its equivalent in another currency or currencies), 

provided, in each case, that no Event of Default shall have occurred and be continuing at the time of such proposed transaction or
would result therefrom. 
 Notwithstanding anything to the contrary in this Section 5.02(b), the transactions contemplated in the
Neptune Separation Agreement and the Neptune Acquisition Agreement shall be permitted. 
 (c)    [Reserved] 

(d)    Change in Nature of Business. The Parent shall not make, or permit any of its Subsidiaries to make, any
material change (other than pursuant to the Neptune Acquisition Agreement or Neptune Separation Agreement) in the nature of the business of the Group Members, taken as a whole, as carried on at the date hereof. 

(e)    Subsidiary Debt. None of the Subsidiaries of the Company nor any of the Subsidiaries of Icon (other than the
Company prior to the occurrence of the Icon Debt Assumption) shall create or suffer to exist, any Debt other than: 

(i)    Debt owed to the Company or Icon or to a wholly-owned Subsidiary of the Company or Icon; 

(ii)    Debt (not falling within the other paragraphs of this Section 5.02(e)) aggregating for all of the
Company’s and Icon’s Subsidiaries (other than, prior to the Icon Debt Assumption, the Company) not more than $1,750,000,000 (or its equivalent in another currency or currencies) at any one time outstanding; 

  
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 (iii)    endorsement of negotiable instruments for deposit or
collection or similar transactions in the ordinary course of business; 
 (iv)    Debt owed pursuant to the Loan
Documents; 
 (v)    Debt which is effectively subordinated to the payment obligations of the Company to the Lenders
hereunder to the reasonable satisfaction of the Agent; 
 (vi)    Debt under any Hedge Agreements entered into with any
Lender or any Affiliate of any Lender for the purpose of hedging risks associated with the Group Members’ operations (including, without limitation, interest rate and foreign exchange and commodities price risks) in the ordinary course of
business consistent with past practice and not for speculative purposes; 
 (vii)    Debt arising as a result of any
Group Member entering into a Reacquisition Sale and Leaseback Transaction provided that the principal obligations of such Group Member, when aggregated with the principal obligations of all of the Group Members in respect of all other Reacquisition
Sale and Leaseback Transactions entered into after the date hereof, do not exceed $300,000,000 (or its equivalent in another currency or currencies; 

(viii)    Debt of Subsidiaries of Icon owed under the Icon Revolving Credit Agreement in an aggregate principal amount at
any time outstanding not to exceed $2,000,000,000; 
 (ix)    Guarantees by any Subsidiary of Debt otherwise permitted
pursuant to this Section 5.02(e); and 
 (x)    After the occurrence of the Icon Debt Assumption, Guarantees by
Nutrition & Biosciences of Debt of Icon in an aggregate principal amount not to exceed $250,000,000. 

(f)    Use of Proceeds. The Company will not request any Borrowing, and no Group Member shall use, and each Group
Member shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use the proceeds of any Borrowing, or lend, contribute or otherwise make available such proceeds to any Person (A) in
furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, or (B) for the purpose of funding, financing or
facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or otherwise, in each case in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

Section 5.03.    Financial Covenant. So long as any Advance shall remain unpaid, the Parent shall maintain a
Leverage Ratio as of the last day of any Relevant Period of not more than (i) 4.50 to 1.00 commencing on the last day of the first full fiscal quarter period of Icon ended after the Closing Date until and including the last day of the third full
fiscal quarter after the Closing Date, (ii) then 4.25 to 1.00 until and including the last day of the sixth full fiscal quarter after the Closing Date and (iii) thereafter 3.50 to 1.00; provided that, commencing after the last day
of the sixth full fiscal 

  
 54 

 
quarter after the Closing Date, if any Group Member consummates an acquisition of all or substantially all of the assets of a Person, or of any business or division of a Person, for which it paid
at least $500,000,000 in consideration (a “Qualifying Acquisition”), the maximum Leverage Ratio shall step up to no greater than 3.75 to 1.00, which shall be reduced to 3.50 to 1.00 as of the end of the third full fiscal quarter
after such Qualifying Acquisition. 
 ARTICLE 6 

EVENTS OF DEFAULT 

Section 6.01.    Events of Default. If any of the following events (“Events of Default”)
shall occur and be continuing at any time on or after the Closing Date: 

(a)    Non-payment. The Company shall fail to pay any principal of any
Advance when the same becomes due and payable after the same becomes due and payable; or the Company shall fail to pay any interest on any Advance or make any other payment of fees or other amounts payable under this Agreement or any Note within
three Business Days after the same becomes due and payable; or 
 (b)    Misrepresentation. Any representation or
warranty made by the Company herein or by the Company or Icon (or any of their officers) in connection with any Loan Document shall prove to have been incorrect in any material respect when made; or 

(c)    Other Obligations. (i) The Parent or its applicable Subsidiary shall fail to perform or observe any
term, covenant or agreement contained in Section 5.01(e), 5.01(h)(iii), 5.02 or 5.03 or (ii) the Parent or its applicable Subsidiary shall fail to perform or observe any other term, covenant or agreement contained in this Agreement or any
other Loan Document on its part to be performed or observed if such failure shall remain unremedied for 30 days after written notice thereof shall have been given to the Company by the Agent or any Lender; or 

(d)    Cross Default. Any Group Member shall fail to pay any principal of or premium or interest on any Debt that
is outstanding in a principal or notional amount of at least $250,000,000 in the aggregate of such Group Member, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such
failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Debt and
shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt; or any such Debt shall be
declared to be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to
be made, in each case prior to the stated maturity thereof; or 
 (e)    Insolvency. The Parent or any of its
Significant Subsidiaries shall (i) generally not pay its debts as such debts become due, (ii) admit in writing its inability to pay its debts generally, (iii) make a general assignment for the benefit of creditors; or (iv) any
proceeding shall be 

  
 55 

 
instituted by or against the Parent or any of its Significant Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement,
adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee,
custodian or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period
of 60 days, or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part
of its property) shall occur; or the Parent or any of its Significant Subsidiaries shall take any corporate action to authorize any of the actions set forth above in this subsection (e); or 

(f)    Judgments. Judgments or court orders for the payment of money in excess of $250,000,000 in the aggregate
shall be rendered against any Group Member and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or court order or (ii) there shall be any period of 30 consecutive days during which such
judgment or court order shall not have been satisfied, vacated or stayed by reason of a pending appeal or otherwise; provided, however, that any such judgment or court order shall not be an Event of Default under this subsection (f) if and for
so long as (i) the amount of such judgment or court order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (ii) such insurer, which shall be rated at least
“A-” by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment or court order; or 

(g)    Change of Control or Ownership. (i) Any Person or two or more Persons acting in concert shall
have acquired beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of Voting Stock of Icon (or
other securities convertible into such Voting Stock) representing 35% or more of the combined voting power of all Voting Stock of Icon; or (ii) unless the Icon Debt Assumption has occurred, the Company shall cease to be a wholly-owned
Subsidiary of Icon; or (iii) during any period of up to 24 consecutive months, commencing on the date of this Agreement, individuals who at the beginning of such 24-month period were directors of Icon
(together with any successors appointed, nominated or elected by such directors in the ordinary course) shall cease for any reason to constitute a majority of the board of directors of Icon; provided, that neither the consummation of the Neptune
Separation nor the consummation of the Neptune Acquisition shall constitute an Event of Default under this clause (g); or 

(h)    ERISA. The Parent or any of its ERISA Affiliates shall incur, or shall be reasonably likely to incur,
liability in excess of $250,000,000 in the aggregate as a result of one or more of the following (and in each case (i) through (iii), only if such event or condition, together with all other such events or condition, if any, would reasonably be
expected to have a Material Adverse Effect): (i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of the Parent or any of its ERISA Affiliates from a Multiemployer Plan; or (iii) the reorganization or termination
of a Multiemployer Plan; or 

  
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 (i)    Guaranty. (i) Unless the Icon Debt Assumption shall
have occurred, Icon shall not have executed and delivered the Guaranty and complied with the other requirements set forth in Section 5.01(j) on the Closing Date, or (ii) at any time after the execution and delivery of the Guaranty and
prior to the Icon Debt Assumption, except to the extent in accordance with the terms of the Guaranty or this Agreement: (w) any material provision of the Guaranty ceases to be in full force and effect, (x) any Group Member contests in
writing the validity or enforceability of the Guaranty, (y) Icon denies in writing that it has any or further liability or obligation under the Guaranty or (z) Icon revokes, terminates or rescinds in writing the Guaranty; 

then, and in any such event (subject to the provisions of Section 3.05), the Agent (i) shall at the request, or may with the
consent, of the Required Lenders, by written notice to the Company, declare the obligation of each Lender to make Advances to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at the request, or may with the consent,
of the Required Lenders, by written notice to the Company, declare the Advances, all interest thereon and all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Advances, all such interest and all such amounts
shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Company; provided, however, that in the event of an actual or deemed entry of an order
for relief with respect to the Company under the Federal Bankruptcy Code, (A) the obligation of each Lender to make Advances shall automatically be terminated and (B) the Advances, all such interest and all such amounts shall automatically
become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Company. 

ARTICLE 7 
 [RESERVED] 

ARTICLE 8 
 THE AGENT 

Section 8.01.    Appointment and Authority. Each of the Lenders hereby irrevocably appoints Morgan Stanley 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 the Company shall not have rights as a third-party beneficiary of any of such provisions (except as
explicitly provided for in Section 8.06). It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the 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 as a matter of market custom, and is intended to create or reflect only an administrative relationship between
contracting parties. 

  
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 Section 8.02.    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, own securities of, 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 8.03.    Exculpatory Provisions. (a) The Agent shall not have any
duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Agent: 

(i)    shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (ii)    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, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in
violation of any Debtor Relief Law; provided, further, the Agent may seek clarification or direction from the Required Lenders (or such other number or percentage of the Lenders as the Agent shall reasonably determine) prior to the exercise of any
directed actions and may refrain from taking any such directed actions until such clarification or direction that is satisfactory to the Agent is received; 

(iii)    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. 

(b)    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 9.01 and 6.01), or (ii) in the
absence of its own gross negligence, bad faith or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment. The Agent shall be deemed not to have knowledge of
any Default unless and until notice describing such Default is given to the Agent in writing by the Company or a Lender. 

(c)    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 

  
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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 III or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Agent. 

(d)    Nothing in this Agreement or any other Loan Document shall require the Agent or any of its Related Parties to carry
out any “know your customer” or other checks in relation to any person on behalf of any Lender and each Lender confirms to the Agent that it is solely responsible for any such checks it is required to carry out and that it may not rely on
any statement in relation to such checks made by the Agent or any of its Related Parties. 

Section 8.04.    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 Advance 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 Advance. 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 8.05.    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 this Agreement as well as activities as Agent. 

The Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the
extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Agent acted with gross negligence, bad faith or willful misconduct in the selection of such sub-agents.

 Section 8.06.    Resignation of Agent. (a) 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 and subject, so long as no Event of Default is continuing, to the approval of the Company (such approval
not to be unreasonably withheld or delayed), 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 (or such 

  
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earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Agent may (but shall not be obligated to), on behalf of the Lenders,
appoint a successor Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b)    If the Person serving as Agent is a Defaulting Lender pursuant to clause (v) of the definition thereof, the
Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Company and such Person remove such Person as Agent and, in consultation with and subject, so long as no Event of Default is continuing, to the approval of
the Company (such approval not to be unreasonable withheld or delayed), appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as
shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c)    With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring
or removed 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 or removed Agent shall continue to hold such collateral security until such time as a successor Agent is appointed) and (2) except for any indemnity payments owed to the retiring or removed Agent, 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, if any, as the Required Lenders appoint a successor Agent as provided for above. 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 removed Agent (other than any rights to indemnity payments owed to the
retiring or removed Agent), and the retiring or removed Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents. 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 or removed Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and
Section 9.04 shall continue in effect for the benefit of such retiring or removed 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 or removed Agent was acting as Agent. 
 Section 8.07.    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. 

  
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 Section 8.08.    No Other Duties, etc. Anything herein to
the contrary notwithstanding, none of the Bookrunners or Arrangers 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. 
 ARTICLE 9 

MISCELLANEOUS 

Section 9.01.    Amendments, Etc. No amendment or waiver of any provision of this Agreement or the Notes, nor
consent to any departure by the Company therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by (a) all the Lenders, do any of the following: (i) waive any of the conditions specified in Section 3.01,
(ii) change the definition of “Required Lenders” or the percentage of the Commitments or of the aggregate unpaid principal amount of the Advances, or the number of Lenders, that shall be required for the Lenders or any of them to
take any action hereunder, (iii) [reserved], (iv) change Section 2.15 in a manner that would alter the pro rata sharing of payments required thereby, (v) amend this Section 9.01 or (vi) release the Guaranty (other than in
accordance with the express terms of Section 5.01(j)); or (b) each Lender directly affected thereby, do any of the following: (i) increase the Commitments of the Lenders or extend the Commitment Termination Date, (ii) reduce the
principal of, or rate of interest on, the Advances or any fees or other amounts payable hereunder or (iii) postpone any date fixed for any payment of principal of, or interest on, the Advances or any fees or other amounts payable hereunder; and
provided further that no amendment, waiver or consent shall, unless in writing and signed by the Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Agent under this Agreement, any 3-Year Tranche Note or any 5-Year Tranche Note; provided, further that any amendment, waiver or consent that affects the rights or obligations of Lenders of one
Class differently than the Lenders of the other Class shall additionally require the consent of the Lenders of each such Class representing the Required Lenders with respect to such Class. 

Section 9.02.    Notices, Etc. (a) Notices Generally. Except in the case of notices and other
communications expressly permitted to be given by telephone (and except as provided in paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by email or facsimile as follows: 
 (i)    if to the Company:

 (A)    prior to the Closing Date, to it at c/o DuPont de Nemours, Inc., Chestnut Run Plaza Bldg.,
730,974 Centre Road, Wilmington, Delaware 19805, Attention of Frank Markey, Vice President and Assistant Treasurer (Telephone No. (302) 892-7146; E-mail:
Francis.Xavier.Markey@dupont.com); and 

  
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 (B)    on and following the Closing Date, to it at c/o
Icon, 521 W. 57th Street, New York, New York, 10019, Attention of Treasurer (Facsimile No. (212) 708-7130; Telephone No. (212) 708-7231; E-mail: John.Taylor@iff.com); 

(ii)    if to Icon, to it at 521 W. 57th Street, New York, New York,
10019, Attention of Treasurer (Facsimile No. (212) 708-7130; Telephone No. (212) 708-7231; E-mail: John.Taylor@iff.com); 

(iii)    if to the Agent, to Morgan Stanley Senior Funding, Inc. at 1300 Thames Street, Thames Street Wharf, 4th Floor,
Baltimore, Maryland 21231, Attention: Morgan Stanley Loan Operations (Group Hotline. (917) 260-0588; E-mail: agency.borrowers@morganstanley.com); and 

(iv)    if to a Lender, to it at its address (or facsimile number or e-mail) set
forth in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or mailed by certified or registered mail,
shall be deemed to have been given when received; notices sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of
business on the next Business Day for the recipient). Notices delivered through electronic communications, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 

(b)    Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Agent, provided that the foregoing shall not apply to notices to any Lender
pursuant to Article II if such Lender has notified the Agent that it is incapable of receiving notices under such Article by electronic communication. The Agent, the Parent or the Company may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

Unless the Agent otherwise prescribes, (i) notices and other communications sent to an e-mail
address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or
other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail
address as described in the foregoing clause (i), of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other
communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 

(c)    Change of Address, etc. Any party hereto may change its address or facsimile number for notices and other
communications hereunder by notice to the other parties hereto. 

  
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 (d)    Platform. 

(i)    The Parent agrees that the Agent may, but shall not be obligated to, make the Communications (as defined below)
available to the Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system (the “Platform”). 

(ii)    The Platform is provided “as is” and “as available.” The Agent Parties (as defined below) do
not warrant the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness
for a particular purpose, non-infringement of third- party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform. In no event
shall the Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Parent, any Lender or any other Person or entity for damages of any kind, including, without limitation, direct or indirect,
special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of the Parent’s, the Company’s or the Agent’s transmission of communications through the Platform.
“Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf the Parent pursuant to any Loan Document or the transactions contemplated therein which is
distributed to the Agent or any Lender by means of electronic communications pursuant to this Section, including through the Platform. 

Section 9.03.    No Waiver; Remedies. No failure on the part of any Lender or the Agent to exercise, and no
delay in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by law. 
 Section 9.04.    Costs and
Expenses. (a) Costs and Expenses. The Company shall pay upon demand and presentation of a statement of account (i) all reasonable and documented
out-of-pocket expenses incurred by the Agent and its Affiliates (including the reasonable and documented fees, charges and disbursements of one New York counsel for the
Agent and if reasonably necessary, a single local counsel for the Agent in each relevant jurisdiction (which may be a single local counsel acting in multiple jurisdictions)) in connection with the syndication of the facility contemplated under this
Agreement, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents, or any amendments, modifications or waivers of the provisions hereof or thereof and (ii) all reasonable and
documented out-of-pocket expenses incurred by the Agent and any Lender (including the reasonable and documented fees, charges and disbursements of one counsel for the
Agent and any Lender taken as a whole and, if reasonably necessary, a single local counsel for the Agent and any Lender taken as a whole in each relevant jurisdiction (which may be a single local counsel acting in multiple jurisdictions) and, solely
in the case of an actual or perceived conflict of interest among the Agent, the Arrangers and the Lenders, one additional counsel in each relevant jurisdiction to each group of affected indemnified parties similarly situated, taken as a whole) in
connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section 9.04(a), or (B) in connection with the Advances made hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Advances. 

  
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 (b)    Indemnification by the Company. The Company shall
indemnify the Agent, and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses (including the reasonable and documented fees, charges and disbursements of any counsel for any Indemnitee but excluding loss of anticipated profits, business or anticipated savings), incurred by any Indemnitee or
asserted against any Indemnitee by any Person other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or
instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Advance or the use or
proposed use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials at, on, under, in, to or from any property currently or, to the extent of liability of or related to the any Group Member with
respect to such property, formerly owned, leased or operated by any Group Member, any Environmental Action related in any way to any Group Member or any other liability of or related to any Group Member related to Environmental Laws, Environmental
Permits or Hazardous Materials, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the
Parent or its Subsidiaries, and regardless of whether any Indemnitee is a party thereto; provided that any such indemnity as provided in this Section 9.04(b) shall not, as to any Indemnitee, be available to the extent that such losses, claims,
damages, liabilities or related expenses (A) are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from (x) the gross negligence, bad faith or
willful misconduct of such Indemnitee or any of its Related Parties or (y) a material breach of the obligations under this Agreement of such Indemnitee or (B) are related to any investigation, litigation, or proceeding (each, a
“Proceeding”) that does not arise from any act or omission by the Company, Icon or their respective affiliates and that is brought by any Indemnitee against any other Indemnitee (other than any claims against the Agent in its
capacity or in fulfilling its role as agent with respect to this Agreement and other than any claims arising out of any act or omission on the part of the Company or its affiliates); provided that the Agent and the Arrangers to the extent fulfilling
their respective roles as an agent or arranger under or in connection with this Agreement and in their capacities as such, shall remain indemnified in respect of such Proceedings to the extent that none of the exceptions set forth in any of clauses
(x) or (y) of clause (A) above applies to such Person at such time; provided further that any legal expenses shall be limited to one counsel for all indemnified parties taken as a whole and if reasonably necessary, a single local counsel
for all indemnified parties taken as a whole in each relevant jurisdiction (which may be a single local counsel acting in multiple jurisdictions) and, solely in the case of an actual or perceived conflict of interest among the Agent, the Arrangers
and the Lenders, one additional counsel in each relevant jurisdiction to each group of affected indemnified parties similarly situated taken as a whole). This Section 9.04(b) shall not apply with respect to Taxes other than any Taxes that
represent losses, claims, damages, etc. arising from any non-Tax claim. 

  
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 (c)    Breakage Indemnity. If any payment of principal of, or
Conversion of, any Eurocurrency Rate Advance is made by the Company to or for the account of a Lender other than on the last day of the Interest Period for such Advance as a result of a payment or Conversion, acceleration of the maturity of the
Advances pursuant to Section 6.01 or for any other reason, or by an Eligible Assignee to a Lender other than on the last day of the Interest Period for such Advance upon an assignment of rights and obligations under this Agreement pursuant to
Section 9.07 as a result of a demand by the Company pursuant to Section 2.21(b), or if the Company fails to make any payment or prepayment of an Advance for which a notice of prepayment has been given or that is otherwise required to be
made, the Company shall, upon written demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that
it reasonably incurs as a result of such payment or Conversion, including, without limitation, any loss (excluding loss of profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any
Lender to fund or maintain such Advance. 
 (d)    Reimbursement by Lenders. To the extent that the Company for
any reason fails to indefeasibly pay any amount required under paragraph (a) or (b) of this Section to be paid by it to the Agent, or any Related Party of the Agent, each Lender severally agrees to pay to the Agent, such Related Party, as the
case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount
(including any such unpaid amount in respect of a claim asserted by such Lender); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the
Agent in its capacity as such, or against any Related Party of the Agent acting for the Agent in its capacity as such; provided, further, that no Lender shall be liable for any portion of such losses, claims, damages, liabilities or related expenses
to the extent they are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of the Agent. The
obligations of the Lenders under this paragraph (c) are several, and the failure of any Lender to perform its obligations under this paragraph (c) shall not affect any other Lender’s obligations under this paragraph nor shall any
Lender be responsible for the failure of any other Lender to perform its obligations under this paragraph. 

(e)    Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, no party hereto
shall assert, and each hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages, including without limitation, any loss of profits, business or anticipated savings
(as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Advance,
or the use of the proceeds thereof; provided that nothing in this clause (e) shall relieve the Company of any obligation it may have to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such
Indemnitee by a third party. No party hereto 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. 

  
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 (f)    Payments. All amounts due under this Section shall be
payable promptly after written demand therefor. 
 (g)    Survival. Each party’s obligations under
Section 2.11, Section 2.14 and this Section shall survive the termination of the Loan Documents and payment of the obligations hereunder. 

Section 9.05.    Right of Set-off. If an Event of Default shall have
occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law and subject to exceptions of mandatory law in the country of incorporation
of the Company or Icon, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held, and other obligations (in whatever currency) at any time owing, by such Lender or
any such Affiliate, to or for the credit or the account of the Company or Icon against any and all of the obligations of the Company or Icon now or hereafter existing under this Agreement or any other Loan Document to such Lender or its Affiliates,
irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Company or Icon may be contingent or unmatured or are owed to a branch, office or
Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so
set off shall be paid over immediately to the Agent for further application in accordance with the provisions of Section 2.20 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust
for the benefit of the Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Agent a statement describing in reasonable detail the obligations owing to such Defaulting Lender as to which it exercised such right of
setoff. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or its Affiliates may have. Each Lender agrees to notify the Company and the
Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

Section 9.06.    Binding Effect. On the Effective Date, this Agreement shall become effective and shall be
binding upon and inure to the benefit of the Company, the Agent and each Lender and their respective successors and assigns, except that the Company shall not have the right to assign its rights hereunder or any interest herein without the prior
written consent of all of the Lenders, except as otherwise permitted by this Agreement, including without limitation, Section 5.02(b) and Section 9.21. 

Section 9.07.    Assignments and Participations. (a) Successors and Assigns Generally. No Lender may
assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of
paragraph (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (f) of this Section (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 to the extent provided in paragraph
(d) of this Section 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. 

  
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 (b)    Assignments by Lenders. Any Lender may at any time assign
to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Advances at the time owing to it); provided that any such assignment shall be subject to the following
conditions: 
 (i)    Minimum Amounts. 

(A)    in the case of an assignment of the entire remaining amount of the assigning Lender’s
Commitment and/or the Advances at the time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b) (i)(B) of this Section in the aggregate or in the case of an assignment to a
Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B)    in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the
Commitment (which for this purpose includes Advances outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Advances 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
$10,000,000, or an integral multiple of $1,000,000 in excess thereof, 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). 
 (ii)    Proportionate Amounts. 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 Advances or the Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a
portion of its rights and obligations among separate Facilities on a non-pro rata basis. 

(iii)    Required Consents. No consent shall be required for any assignment except to the extent required by
paragraph (b)(i)(B) of this Section and, in addition: 
 (A)    (i) prior to the funding of the Advances
on the Closing Date, the consent of the Company and Icon shall be required and (ii) after the funding of the Advances on the Closing Date, the consent of the Company and Icon (such consent not to be unreasonably withheld or delayed) shall be
required; provided that, solely in the case of this clause (ii), no such consent shall be required with respect to any assignment if (x) an Event of Default has occurred and is continuing at the time of such assignment, or (y) such
assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided further that, solely in the case of this clause (ii), the Company shall be deemed to have consented to any such assignment unless it shall object thereto
by written notice to the Agent within ten Business Days after having received written notice thereof; and 

  
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 (B)    the consent of the Agent (such consent not to be
unreasonably withheld or delayed) shall be required for assignments to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund. 

(iv)    Assignment and Assumption. The parties to each assignment shall execute and deliver to the Agent an
Assignment and Assumption, together with a processing and recordation fee of $3,500; provided that the Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a
Lender, shall deliver to the Agent an Administrative Questionnaire. 
 (v)    No Assignment to Certain Persons.
No such assignment shall be made to (A) the Parent or any of its Affiliates or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the
foregoing Persons described in this clause (B). 
 (vi)    No Assignment to Natural Persons. No such assignment
shall be made to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated by or for the primary benefit of a natural Person). 

(vii)    Certain Additional Payments. In connection with any assignment of rights and obligations of any
Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Agent in an aggregate amount
sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Company and the Agent,
the applicable pro rata share of Advances previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities
then owed by such Defaulting Lender to the Agent and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Advances and participations in accordance with its Ratable
Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Agent pursuant to paragraph (c) of this Section, from and after the effective date
specified in each Assignment and Assumption, the 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,
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 

  
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shall continue to be entitled to the benefits of Sections 2.11 and 9.04 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to
the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph 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 paragraph (d) of this Section. 
 (c)    Register. The Agent, acting solely for this purpose
as a non-fiduciary agent of the Company, shall maintain at one of its offices in the United States 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 amounts (and stated interest) of the Advances owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall
be conclusive absent manifest error, 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. The Register shall
be available for inspection by the Company and any Lender, 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 a holding company, investment vehicle or trust for, or owned and operated by or for the primary benefit of a natural Person) or the Parent or any of its 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 Advances 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 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, modification or waiver described in the first proviso to Section 9.01 that affects such Participant. The Company agrees that each Participant shall be entitled to the benefits of Sections 2.11, 9.04(c) and 2.14 (subject to the
requirements and limitations therein, including the requirements under Section 2.14(g) (it being understood that the documentation required under Section 2.14(g) shall be delivered to the participating Lender)) to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 2.21 as if it were an assignee under paragraph
(b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 2.11 or 2.14, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a 

  
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participation agrees, at the Company’s request and expense, to use reasonable efforts to cooperate with the Company to effectuate the provisions of Section 2.21(b) with respect to any
Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.05 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.15 as though it were a
Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary 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 Advances or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose
all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to
any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury
Regulations. The entries in the Participant Register shall be conclusive absent manifest error, 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. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining a Participant Register. 

(e)    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 to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any central bank having jurisdiction over such Lender; 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. 

(f)    Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may
grant to a special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Agent and the Company (an “SPC”) the option to provide all or any part of any Advance that such Granting Lender
would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Advance; and (ii) if an SPC elects not to exercise such option or otherwise fails to
make all or any part of such Advance, the Granting Lender shall be obligated to make such Advance pursuant to the terms hereof. Each party hereto hereby agrees that (A) neither the grant to any SPC nor the exercise by any SPC of such option
shall increase the costs or expenses or otherwise increase or change the obligations of the Company under this Agreement (including their obligations under Section 2.14); (B) no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement for which a Lender would be liable (which indemnity or similar payment obligation should be retained by the Granting Lender); and (C) the Granting Lender shall for all purposes, including the approval of any
amendment, waiver or other modification of any provision of any Loan Document, remain the lender of record hereunder. The making of an Advance by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if,
such Advance were made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment
in full of all outstanding commercial paper or other senior debt of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding
under the laws of the 

  
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United States or any State thereof. Notwithstanding anything to the contrary contained herein, any SPC may (x) with notice to, but without prior consent of the Company and the Agent and with
the payment of a processing fee of $3,500, assign all or any portion of its right to receive payment with respect to any Advance to the Granting Lender and (y) disclose on a confidential basis any
non-public information relating to its funding of Advances to any rating agency, commercial paper dealer or provider of any surety or guarantee or credit or liquidity enhancement to such SPC. No Company shall
be required to pay any amount under Sections 2.11, 2.12, 2.14, 9.04(a), (b) and (c) that is greater than the amount which it would have been required to pay had no grant been made by a Granting Lender to a SPC. 

Section 9.08.    Confidentiality. Each of the Agent and the Lenders agrees to maintain the confidentiality of
the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and
other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any
regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or
similar legal process, provided that, in such case and in the case of clauses (b) and (c) above, the Agent or such Lender, as applicable, shall notify the Company and/or Icon, as applicable, promptly thereof prior to disclosure of such
Information, to the extent practicable and it is not prohibited from doing so by any law or regulation or by such subpoena or legal process and except with respect to any audit or examination conducted by bank accountants or any governmental bank
regulatory authority exercising examination or regulatory authority, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any 3-Year Tranche Note or
any 5-Year Tranche Note or any action or proceeding relating to this Agreement, any 3-Year Tranche Note or 5-Year Tranche Note or
the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or participant in, or any prospective assignee of or participant
in, any of its rights or obligations under this Agreement ((it being understood that such actual or prospective assignee or participant will be informed of the confidential nature of such Information and instructed to keep such Information
confidential), (ii) any actual or prospective risk protection provider or party (or its managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and other representatives) to any swap, derivative or other
transaction under which payments are to be made by reference to the Company and its obligations, this Agreement or payments hereunder (it being understood that such actual or prospective party will be informed of the confidential nature of such
Information and instructed to keep such Information confidential on terms not less favorable than the provisions hereof in accordance with the standard syndication processes of the Arrangers or customary market standards for the dissemination of
such Information), (iii) any rating agency on a confidential basis (limited to the information contained in this Agreement), (iv) the CUSIP Service Bureau or any similar organization or (v) to market data collectors, similar service providers
to the lending industry (limited to generic information about this Agreement), and service providers to the Arranger in connection with the administration and management of this Agreement, (g) with the written consent of the Company,
(h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or 

  
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(y) becomes available to the Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Company unless the Agent or such Lender, as
applicable, has actual knowledge that such source was required to keep such Information confidential or (i) for purposes of establishing a “due diligence” defense. 

For purposes of this Section, “Information” means all information received from any Group Member or relating to any Group
Member or any of their respective businesses, other than any such information that is available to the Agent or any Lender on a nonconfidential basis prior to disclosure by such Group Member, provided that, in the case of information received from
any Group Member after the date hereof, such information is clearly identified at the time of delivery as confidential or should, because of its nature, reasonably be understood to be confidential. Any Person required to maintain the confidentiality
of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its
own confidential information. 
 Section 9.09.    Certain ERISA Matters.  

(a)    Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Agent and the Arrangers and their respective Affiliates, and not, for the avoidance of
doubt, to or for the benefit of the Company or any other Group Member, that at least one of the following is and will be true: 

(i)    such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA and 29 C.F.R. 2510.3-101) of one or more Benefit Plans in connection with the Advances or the Commitments, 

(ii)    the transaction exemption set forth in one or more PTEs, such as PTE
84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Advances, the Commitments and this Agreement, 

(iii)    (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Advances, the
Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Advances, the Commitments and this Agreement satisfies the requirements of sub-sections
(b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied
with respect to such Lender’s entrance into, participation in, administration of and performance of the Advances, the Commitments and this Agreement, or 

  
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 (iv)    such other representation, warranty and covenant as may be
agreed in writing between the Agent, in its sole discretion, and such Lender. 
 (b)    In addition, unless either
(1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in
accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto,
to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Agent and the Arrangers and their respective Affiliates, and not, for the
avoidance of doubt, to or for the benefit of the Company or any other Group Member, that none of the Agent or any Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Advances, the
Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

Section 9.10.    Governing Law; Jurisdiction; Etc. 

(a)    Governing Law. This Agreement and the other Loan Documents and any claims, controversy, dispute or cause of
action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby
and thereby shall be governed by, and construed in accordance with, the law of the State of New York; provided that (a) the definition of “Spinco Material Adverse Effect” and the determination of whether there shall have occurred a
“Spinco Material Adverse Effect” (as defined in the Neptune Acquisition Agreement), (b) the determination of whether the Neptune Acquisition and/or the Neptune Separation has been consummated in accordance with the Neptune Acquisition
Agreement and/or the Neptune Separation Agreement, as applicable and (c) the determination of whether the Neptune Acquisition Agreement Representations are accurate and whether as a result of any inaccuracy thereof Icon (or its Affiliates) has
the right (taking into account any applicable cure provisions) to decline to consummate to consummate the Neptune Acquisition or to terminate its (or their) obligations (or otherwise do not have an obligation to close) under the Neptune Acquisition
Agreement shall, in each case be governed by, and construed in accordance with, the laws of the State of Delaware applicable to agreements made and to be performed entirely within such state without regard to the conflicts of law provisions thereof.

 (b)    Jurisdiction. Each party hereto irrevocably and unconditionally agrees that it will not commence any
action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against any other party hereto, or any Related Party of the foregoing in any way relating to this Agreement or any
other Loan Document or the transactions relating hereto or thereto, in any forum other than the courts 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
appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that 

  
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all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such federal
court. Each of the parties hereto agrees that a final judgment in any such action, litigation 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
this Agreement or in any other Loan Document shall affect any right that the Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Company or its properties in the
courts of any jurisdiction in connection with the exercise of any rights under any agreement related to collateral provided hereunder that is governed by laws other than the law of the State of New York or to enforce a judgment obtained from a court
in New York. 
 (c)    Waiver of Venue. Each party hereto irrevocably and unconditionally waives, to the fullest
extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph
(b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d)    Service of Process. Each party hereto irrevocably consents to service of process in the manner provided for
notices in Section 9.02. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 

Section 9.11.    Execution in Counterparts. This Agreement may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature
page to this Agreement by telecopier or other electronic means shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 9.12.    [Reserved] 

Section 9.13.    [Reserved] 

Section 9.14.    Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution
arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a)    the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

  
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 (b)    the effects of any
Bail-In Action on any such liability, including, if applicable: 
 (i)    a
reduction in full or in part or cancellation of any such liability; 
 (ii)    a conversion of all, or a portion of,
such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of
ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

(iii)    the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion
Powers of any EEA Resolution Authority. 
 As used in this Agreement, the following terms shall have the following meanings (such meanings
to be equally applicable to both the singular and plural forms of the terms defined): 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule.“ 
 EEA Financial Institution” means (a) any credit institution or investment firm established
in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any
financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 Section 9.15.    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 Patriot Act and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that
identifies the Company and Icon, which information includes the name and address of the Company and Icon, and to the extent applicable, a 

  
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Beneficial Ownership Certification, and other information that will allow such Lender or the Agent, as applicable, to identify the Company and Icon in accordance with the Patriot Act and the
Beneficial Ownership Regulation. The Company shall provide such information and take such actions as are reasonably requested by the Agent or any Lenders in order to assist the Agent and the Lenders in maintaining compliance with the Patriot Act and
the Beneficial Ownership Regulation. 
 Section 9.16.    [Reserved] 

Section 9.17.    No Fiduciary Duty. Each Agent, each Lender and their Affiliates may have economic interests
that conflict with those of the Company. The Company agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, the Company and its Affiliates, on the one hand, and the Agent,
the Bookrunners, Arrangers, syndication agent, documentation agent, the Lenders and their respective Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part
of the Agent, the Bookrunners, Arrangers, syndication agent, documentation agent, the Lenders or their respective Affiliates and no such duty will be deemed to have arisen in connection with any such transactions or communications. 

Section 9.18.    [Reserved] 

Section 9.19.    Waiver of Jury Trial. Each of the Company, the Agent and the Lenders hereby irrevocably
waives all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the Notes or the actions of the Agent or any Lender in the negotiation,
administration, performance or enforcement thereof. 
 Section 9.20.    Acknowledgement Regarding Any Supported
QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Hedge Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a
“Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

(i)    In the event a Covered Entity that is party to a Supported QFC (each, a “Covered
Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC
Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the
Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by 

  
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the Laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special
Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such
Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the Laws of the United States or a state of the United States. Without limitation of the foregoing, it is
understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

(ii)    As used in this Section 9.20, the following terms have the following meanings: 

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted
in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity” means any of the following:
(i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12
C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “QFC” has the meaning assigned to the term
“qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 

Section 9.21.    Assumption by Icon of the Company’s Obligations. At any time after the
consummation of the Neptune Acquisition, Icon may expressly assume all the obligations of “the Company” under this Agreement by delivering to the Agent (i) an Icon Debt Assumption Supplement executed by the Company and Icon (and which
shall be acknowledged by the Agent) together with (ii) documents with respect to Icon of the types referred to in clauses (c), (f), (g) and (h) of Section 3.01, all in form and substance reasonably satisfactory to the Agent
whereupon (x) Icon will assume and become obligated to perform all obligations of the Company and have all of the rights of the Company pursuant to this Agreement and the other Loan Documents, and (y) so long as it shall not
be a guarantor of Debt of Icon in an aggregate principal amount in excess of $250,000,000 (or shall be released from any such guarantee of Debt in excess of such amount substantially concurrently with the occurrence of the Icon Debt Assumption),
Nutrition & Biosciences shall be released from all of its obligations as “the Company” pursuant to this Agreement and the other Loan Documents. 

[Signature Pages Follow] 

  
 77 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	NUTRITION & BIOSCIENCES, INC.
		
	By:	 	 /s/ Francis Markey

		 	Name:  Francis Markey
		 	Title:    Vice President and Assistant Treasurer

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC., as Agent
		
	By:	 	 /s/ Subhalakshmi Ghosh-Kohli

		 	Name:  Subhalakshmi Ghosh-Kohli
		 	Title:    Authorized Signatory

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:	 	 /s/ Subhalakshmi Ghosh-Kohli

		 	Name:  Subhalakshmi Ghosh-Kohli
		 	Title:    Authorized Signatory

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender

		
	By:	 	 /s/ William O’Daly

		 	Name:  William O’Daly
		 	Title:    Authorized Signatory
		
	By:	 	 /s/ D. Andrew Maletta

		 	Name:  D. Andrew Maletta
		 	Title:    Authorized Signatory

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	COBANK, ACB, as a Lender
		
	By:	 	 /s/ Andrew Shockley

		 	Name:  Andrew Shockley
		 	Title:    Assistant Vice President

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	BNP PARIBAS, as a Lender
		
	By:	 	 /s/ Christopher Sked

		 	Name:  Christopher Sked
		 	Title:    Managing Director
		
	By:	 	 /s/ Ade Adedeji

		 	Name:  Ade Adedeji
		 	Title:    Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	CITICORP NORTH AMERICA, INC., as a Lender
		
	By:	 	 /s/ Michael Vondriska

		 	Name:  Michael Vondriska
		 	Title:    Vice President

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ Peter S. Predun

		 	Name:  Peter S. Predun
		 	Title:    Executive Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Brandon Weiss

		 	Name:  Brandon Weiss
		 	Title:    Vice President

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	MIZUHO BANK, LTD., as a Lender
		
	By:	 	 /s/ Donna DeMagistris

		 	Name:  Donna DeMagistris
		 	Title:    Executive Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	 SUMITOMO MITSUI BANKING CORPORATION, as a Lender

		
	By:	 	 /s/ Richard Eisenberg

		 	Name:  Richard Eisenberg
		 	Title:    Managing Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

		
	By:	 	 /s/ Denis Waltrich

		 	Name:  Denis Waltrich
		 	Title:    Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ Sydney G. Dennis

		 	Name:  Sydney G. Dennis
		 	Title:    Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH, as a
Lender

		
	By:	 	 /s/ Christine Cai

		 	Name:  Christine Cai
		 	Title:    Vice President
		
	By:	 	 /s/ Gang Duan

		 	Name:  Gang Duan
		 	Title:    Executive Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	ING BANK N.V., DUBLIN BRANCH, as a Lender
		
	By:	 	 /s/ Louise Gough

		 	Name:  Louise Gough
		 	Title:    Vice President
		
	By:	 	 /s/ Padraig Matthews

		 	Name:  Padraig Matthews
		 	Title:    Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	MUFG BANK, LTD., as a Lender
		
	By:	 	 /s/ Jeffrey Flagg

		 	Name:  Jeffrey Flagg
		 	Title:    Authorized Signatory

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Paul E. Rouse

		 	Name:  Paul E. Rouse
		 	Title:    Vice President

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender

		
	By:	 	 /s/ Robert Levins

		 	Name:  Robert Levins
		 	Title:    Senior Credit Manager

  
 [Signature Page to
Neptune Term Loan Credit Agreement] 

 
			
	STANDARD CHARTERED BANK, as a Lender
		
	By:	 	 /s/ James Beck

		 	Name:  James Beck
		 	Title:    Associate Director

  
 [Signature Page to
Neptune Term Loan Credit Agreement]

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