Document:

EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 

AIRCASTLE LIMITED, 
 as Company,

 and 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION, 
 as Trustee 

FIRST SUPPLEMENTAL INDENTURE 

Dated as of December 5, 2013 
  

 
 4.625% Senior
Notes due 2018 

 Aircastle Limited* 

Reconciliation and tie between Trust Indenture Act 

of 1939 and the First Supplemental Indenture, dated as of December 5, 2013 

 

			
	 Trust Indenture

Act Section
	  	Indenture Section
	 § 310 (a)(1)
	  	608
	           (a)(2)
	  	608
	           (a)(5)
	  	608
	           (b)
	  	609
	 § 312 (a)
	  	701
	           (b)
	  	702
	           (c)
	  	702
	 § 313 (a)
	  	703
	           (c)(1)
	  	703
	           (c)(2)
	  	703
	 § 314 (a)
	  	1301, 1304, 1305, 1009
	           (a)(4)
	  	1008
	           (c)(1)
	  	1301
	           (c)(2)
	  	1301
	           (c)(3)
	  	N/A
	           (e)
	  	1301
	           (f)
	  	N/A
	 § 315 (a)
	  	601
	           (b)
	  	1305, 602
	           (c)
	  	601
	           (d)
	  	601
	           (e)
	  	603
	 § 316 (a)(last sentence)
	  	101 (“Outstanding”)
	           (a)(1)(A)
	  	502, 512
	           (a)(1)(B)
	  	513
	           (b)
	  	508
	           (c)
	  	1303(d)
	 § 317 (a)(1)
	  	503
	           (a)(2)
	  	504
	           (b)
	  	1003
	 § 318 (a)
	  	1310

  

	*	This reconciliation and tie shall not, for any purpose, be deemed to be a part of this Supplemental Indenture. 

 TABLE OF CONTENTS1 

 

							
	 	  	 	  	Page	 
		  	ARTICLE ONE	  			
			
		  	DEFINITIONS AND OTHER PROVISIONS	  			
		  	OF GENERAL APPLICATION	  			
			
	 SECTION 101.
	  	Definitions	  	 	2	  
			
		  	ARTICLE TWO	  			
			
		  	NOTE FORMS	  			
			
	 SECTION 201.
	  	Forms Generally	  	 	30	  
	 SECTION 202.
	  	Form of Trustee’s Certificate of Authentication	  	 	31	  
	 SECTION 203.
	  	Restrictive Legends	  	 	31	  
			
		  	ARTICLE THREE	  			
			
		  	THE NOTES	  			
			
	 SECTION 301.
	  	Title and Terms	  	 	32	  
	 SECTION 302.
	  	Denominations	  	 	33	  
	 SECTION 303.
	  	Execution, Authentication, Delivery and Dating	  	 	33	  
	 SECTION 304.
	  	Temporary Notes	  	 	34	  
	 SECTION 305.
	  	Registration, Paying Agent, Registration of Transfer and Exchange	  	 	34	  
	 SECTION 306.
	  	Mutilated, Destroyed, Lost and Stolen Notes	  	 	35	  
	 SECTION 307.
	  	Payment of Interest; Interest Rights Preserved	  	 	36	  
	 SECTION 308.
	  	Persons Deemed Owners	  	 	37	  
	 SECTION 309.
	  	Cancellation	  	 	37	  
	 SECTION 310.
	  	Computation of Interest	  	 	37	  
	 SECTION 311.
	  	Book-Entry and Transfer Provisions	  	 	37	  
	 SECTION 312.
	  	CUSIP Numbers	  	 	41	  
	 SECTION 313.
	  	Issuance of Additional Notes	  	 	41	  
			
		  	ARTICLE FOUR	  			
			
		  	SATISFACTION AND DISCHARGE	  			
			
	 SECTION 401.
	  	Satisfaction and Discharge of Indenture	  	 	42	  
	 SECTION 402.  
	  	Application of Trust Money	  	 	43	  

  
  

	1 	This table of contents shall not, for any purpose, be deemed to be a part of this Supplemental Indenture. 

  
 -i- 

							
	 	  	 	  	Page	 
			
		  	ARTICLE FIVE	  			
			
		  	REMEDIES	  			
			
	 SECTION 501.  
	  	Events of Default	  	 	44	  
	 SECTION 502.
	  	Acceleration of Maturity; Rescission and Annulment	  	 	45	  
	 SECTION 503.
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	46	  
	 SECTION 504.
	  	Trustee May File Proofs of Claim	  	 	46	  
	 SECTION 505.
	  	Trustee May Enforce Claims Without Possession of Notes	  	 	47	  
	 SECTION 506.
	  	Application of Money Collected	  	 	47	  
	 SECTION 507.
	  	Limitation on Suits	  	 	47	  
	 SECTION 508.
	  	Unconditional Right of Holders To Receive Principal, Premium and Interest	  	 	48	  
	 SECTION 509.
	  	Restoration of Rights and Remedies	  	 	48	  
	 SECTION 510.
	  	Rights and Remedies Cumulative	  	 	48	  
	 SECTION 511.
	  	Delay or Omission Not Waiver	  	 	49	  
	 SECTION 512.
	  	Control by Holders	  	 	49	  
	 SECTION 513.
	  	Waiver of Past Defaults	  	 	49	  
	 SECTION 514.
	  	Waiver of Stay or Extension Laws	  	 	49	  
			
		  	ARTICLE SIX	  			
			
		  	THE TRUSTEE	  			
			
	 SECTION 601.
	  	Duties of the Trustee	  	 	50	  
	 SECTION 602.
	  	Notice of Defaults	  	 	51	  
	 SECTION 603.
	  	Certain Rights of Trustee	  	 	51	  
	 SECTION 604.
	  	Trustee Not Responsible for Recitals or Issuance of Notes	  	 	52	  
	 SECTION 605.
	  	May Hold Notes	  	 	53	  
	 SECTION 606.
	  	Money Held in Trust	  	 	53	  
	 SECTION 607.
	  	Compensation and Reimbursement	  	 	53	  
	 SECTION 608.
	  	Corporate Trustee Required; Eligibility	  	 	54	  
	 SECTION 609.
	  	Resignation and Removal; Appointment of Successor	  	 	54	  
	 SECTION 610.
	  	Acceptance of Appointment by Successor	  	 	55	  
	 SECTION 611.
	  	Merger, Conversion, Consolidation or Succession to Business	  	 	56	  
	 SECTION 612.
	  	Appointment of Authenticating Agent	  	 	56	  
	 SECTION 613.
	  	Force Majeure	  	 	57	  
			
		  	ARTICLE SEVEN	  			
			
		  	HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY	  			
			
	 SECTION 701.
	  	Company To Furnish Trustee Names and Addresses	  	 	58	  
	 SECTION 702.
	  	Disclosure of Names and Addresses of Holders	  	 	58	  
	 SECTION 703.
	  	Reports by Trustee	  	 	58	  

  
 -ii- 

							
	 	  	 	  	Page	 
			
		  	ARTICLE EIGHT	  			
			
		  	AMALGAMATION, MERGER, CONSOLIDATION OR	  			
		  	SALE OF ALL OR SUBSTANTIALLY ALL ASSETS	  			
			
	 SECTION 801.
	  	Company May Consolidate, Etc., Only on Certain Terms	  	 	58	  
	 SECTION 802.
	  	Successor Substituted	  	 	59	  
			
		  	ARTICLE NINE	  			
			
		  	SUPPLEMENTAL INDENTURES	  			
			
	 SECTION 901.
	  	Amendments or Supplements Without Consent of Holders	  	 	60	  
	 SECTION 902.
	  	Amendments, Supplements or Waivers with Consent of Holders	  	 	60	  
	 SECTION 903.
	  	Execution of Amendments, Supplements or Waivers	  	 	61	  
	 SECTION 904.
	  	Effect of Amendments, Supplements or Waivers	  	 	62	  
	 SECTION 905.
	  	Conformity with Trust Indenture Act	  	 	62	  
	 SECTION 906.
	  	Reference in Notes to Supplemental Indentures	  	 	62	  
	 SECTION 907.
	  	Notice of Supplemental Indentures	  	 	62	  
	 SECTION 908.
	  	Payment for Consent	  	 	62	  
			
		  	ARTICLE TEN	  			
			
		  	COVENANTS	  			
			
	 SECTION 1001.
	  	Payment of Principal, Premium, if Any, and Interest	  	 	63	  
	 SECTION 1002.
	  	Maintenance of Office or Agency	  	 	63	  
	 SECTION 1003.
	  	Money for Notes Payments To Be Held in Trust	  	 	63	  
	 SECTION 1004.
	  	Corporate Existence	  	 	64	  
	 SECTION 1005.
	  	Payment of Taxes and Other Claims	  	 	64	  
	 SECTION 1006.
	  	Maintenance of Properties	  	 	64	  
	 SECTION 1007.
	  	Insurance	  	 	65	  
	 SECTION 1008.
	  	Statement by Officers as to Default	  	 	65	  
	 SECTION 1009.
	  	Reports and Other Information	  	 	66	  
	 SECTION 1010.
	  	Limitation on Restricted Payments	  	 	67	  
	 SECTION 1011.
	  	Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock	  	 	72	  
	 SECTION 1012.
	  	Limitation on Liens	  	 	76	  
	 SECTION 1013.
	  	Limitations on Transactions with Affiliates	  	 	77	  
	 SECTION 1014.
	  	Limitations on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries	  	 	78	  
	 SECTION 1015.
	  	[Reserved]	  	 	80	  
	 SECTION 1016.
	  	Change of Control	  	 	80	  
	 SECTION 1017.
	  	Asset Sales	  	 	82	  
	 SECTION 1018.
	  	Waiver of Certain Covenants	  	 	84	  
	 SECTION 1019.
	  	Discharge and Suspension of Covenants	  	 	84	  
	 SECTION 1020.
	  	Note Guarantees	  	 	85	  
	 SECTION 1021.
	  	Additional Amounts	  	 	85	  

  
 -iii- 

							
	 	  	 	  	Page	 
			
		  	ARTICLE ELEVEN	  			
			
		  	REDEMPTION OF NOTES	  			
			
	 SECTION 1101.
	  	Right of Redemption	  	 	87	  
	 SECTION 1102.
	  	Redemption for Taxation Reasons	  	 	87	  
	 SECTION 1103.
	  	Applicability of Article	  	 	88	  
	 SECTION 1104.
	  	Election To Redeem; Notice to Trustee	  	 	88	  
	 SECTION 1105.
	  	Selection by Trustee of Notes To Be Redeemed	  	 	88	  
	 SECTION 1106.
	  	Notice of Redemption	  	 	89	  
	 SECTION 1107.
	  	Deposit of Redemption Price	  	 	89	  
	 SECTION 1108.
	  	Notes Payable on Redemption Date	  	 	90	  
	 SECTION 1109.
	  	Notes Redeemed in Part	  	 	90	  
			
		  	ARTICLE TWELVE	  			
			
		  	DEFEASANCE AND COVENANT DEFEASANCE	  			
			
	 SECTION 1201.
	  	Company’s Option To Effect Legal Defeasance or Covenant Defeasance	  	 	90	  
	 SECTION 1202.
	  	Legal Defeasance and Discharge	  	 	90	  
	 SECTION 1203.
	  	Covenant Defeasance	  	 	91	  
	 SECTION 1204.
	  	Conditions to Legal Defeasance or Covenant Defeasance	  	 	91	  
	 SECTION 1205.
	  	Deposited Money and Government Securities To Be Held in Trust; Other Miscellaneous Provisions	  	 	93	  
	 SECTION 1206.
	  	Reinstatement	  	 	93	  
			
		  	ARTICLE THIRTEEN	  			
			
		  	MISCELLANEOUS PROVISIONS	  			
			
	 SECTION 1301.
	  	Compliance Certificates and Opinions	  	 	93	  
	 SECTION 1302.
	  	Form of Documents Delivered to Trustee	  	 	94	  
	 SECTION 1303.
	  	Acts of Holders	  	 	94	  
	 SECTION 1304.
	  	Notices, Etc., to Trustee, Company and Agent	  	 	95	  
	 SECTION 1305.
	  	Notice to Holders; Waiver	  	 	96	  
	 SECTION 1306.
	  	Effect of Headings and Table of Contents	  	 	96	  
	 SECTION 1307.
	  	Successors and Assigns	  	 	97	  
	 SECTION 1308.
	  	Separability Clause	  	 	97	  
	 SECTION 1309.
	  	Benefits of Indenture	  	 	97	  
	 SECTION 1310.
	  	Governing Law	  	 	97	  
	 SECTION 1311.
	  	Communication by Holders of Notes with Other Holders of Notes	  	 	97	  
	 SECTION 1312.
	  	Legal Holidays	  	 	97	  
	 SECTION 1313.
	  	No Personal Liability of Directors, Officers, Employees and Shareholders	  	 	97	  
	 SECTION 1314.
	  	Trust Indenture Act Controls	  	 	98	  
	 SECTION 1315.
	  	Counterparts	  	 	98	  
	 SECTION 1316.
	  	USA Patriot Act	  	 	98	  
	 SECTION 1317.
	  	Waiver of Jury Trial	  	 	98	  
	 SECTION 1318.
	  	Effective Indenture	  	 	98	  

  
 -iv- 

 EXHIBITS 
 EXHIBIT A
– Form of Note 
 EXHIBIT B – Form of Incumbency Certificate 

  
 -v- 

 FIRST SUPPLEMENTAL INDENTURE, dated as of December 5, 2013 (this “Supplemental
Indenture”), between AIRCASTLE LIMITED, a company incorporated under the laws of Bermuda (the “Company”), having its principal office at 300 First Stamford Place, 5th Floor, Stamford, CT 06902 and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, as trustee (in such capacity, the “Trustee”). 
 RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee entered into that certain Indenture, dated as of December 5, 2013 (the “Base Indenture”),
pursuant to which the Company may from time to time issue its senior indebtedness in the form of one or more series of unsecured debentures, notes, bonds or other evidences of indebtedness (collectively, the “Securities”); and 

WHEREAS, Section 14.01(p) of the Base Indenture provides that the Company and the Trustee may, without the consent of the Holders of the
Securities, enter into a supplemental indenture to establish the form and terms of Securities of any series as permitted in Section 3.01 of the Base Indenture; and 

WHEREAS, the Company has duly authorized the creation of an issue of 4.625% Senior Notes due 2018 (the “Initial Notes”) as they may
be issued from time to time under this Supplemental Indenture, including any Additional Notes issued pursuant to Section 301 of this Supplemental Indenture, and in connection therewith, there being no Notes Outstanding at the time of execution
and delivery of this Supplemental Indenture, the Company has duly determined to make, execute and deliver this Supplemental Indenture to set forth the terms and provisions of the Notes as required by the Base Indenture and to modify, amend,
supplement and delete certain provisions of the Base Indenture in respect of the Notes; and 
 WHEREAS, the Company has determined that this
Supplemental Indenture is authorized and permitted by Section 14.01 of the Base Indenture and the Company has delivered to the Trustee an Opinion of Counsel and an Officer’s Certificate to the effect that all conditions precedent provided
for in the Base Indenture to the execution and delivery of this Supplemental Indenture have been complied with; and 
 WHEREAS, the Form of
Note, the Trustee’s Certificate of Authentication to be borne by each Note, the Form of Option of Holder to Elect Purchase and the Form of Assignment to be borne by the Notes are to be substantially in the forms hereinafter provided for; and

 WHEREAS, this Supplemental Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, that are required to be
part of this Supplemental Indenture and shall, to the extent applicable, be governed by such provisions; and 
 WHEREAS, all things
necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee or a duly authorized authenticating agent, when the Notes have been so executed, authenticated and delivered, the valid and legally binding
obligations of the Company, have been done; and 
 WHEREAS, all things necessary to make this Supplemental Indenture a valid and legally
binding agreement according to its terms, and a valid and legally binding amendment of, and supplement to, the Base Indenture, have been done. 

 NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth herein, the
parties hereto agree, subject to the terms and conditions hereinafter set forth, as follows for the benefit of the Trustee and the Holders: 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: 

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

DEFINITIONS AND OTHER PROVISIONS 

OF GENERAL APPLICATION 

All capitalized terms contained in this Supplemental Indenture shall, except as specifically provided for herein and except as the context may
otherwise require, have the meanings given to such terms in the Base Indenture. Unless the context otherwise requires, all references in this Supplemental Indenture to Articles, Sections or Exhibits refer to Articles, or Sections of or Exhibits to
this Supplemental Indenture. The rules of interpretation set forth in the opening paragraph of Article I of the Base Indenture shall be applied hereto as if set forth in full herein. The terms and provisions contained in the Base Indenture shall
constitute, and are hereby expressly made, a part of this Supplemental Indenture and the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby.
However, in the event of any inconsistency between the Base Indenture and this Supplemental Indenture, this Supplemental Indenture shall govern. Unless the context otherwise requires, the following terms shall have the following meanings: 

SECTION 101. Definitions. 

For all purposes of this Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

(a) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the
singular; 
 (b) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference
therein, have the meanings assigned to them therein, and the terms “cash transaction” and “self-liquidating paper,” as used in TIA Section 311, shall have the meanings assigned to them in the rules of the Commission adopted
under the Trust Indenture Act; 
 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with GAAP (as herein defined); 
 (d) the words “herein,” “hereof” and “hereunder”
and other words of similar import refer to this Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision; 

(e) “or” is not exclusive; 

(f) “including” means including without limitation; 

  
 -2- 

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

(i) Indebtedness that is not guaranteed shall not be deemed to be subordinate or junior to Indebtedness that is guaranteed
merely because of such guarantee. 
 “Acquired Indebtedness” means, with respect to any specified Person, 

(1) Indebtedness of any other Person existing at the time such other Person is amalgamated or merged with or into or became a
Restricted Subsidiary of such specified Person, including, without limitation, Indebtedness incurred in connection with, or in contemplation of, such other Person merging with or into or becoming a Restricted Subsidiary of such specified Person, and

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

“Act,” when used with respect to any Holder, has the meaning specified in Section 1303 of this Supplemental Indenture. 

“Additional Notes” has the meaning set forth in Section 313 of this Supplemental Indenture. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”),
as used with respect to any Person, shall mean 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. 
 “Affiliate Transaction” has the meaning specified in Section 1013 of this Supplemental Indenture. 

“Agent” means any Note Registrar, co-registrar, Paying Agent or additional paying agent. 

“Aircraft Finance Subsidiary” means (a) Aircastle Advisor LLC, AYR Freighter LLC, Enterprise Aircraft Leasing (France) SARL,
Really Useful Aircraft Leasing (Ireland) 1 Limited, Aircastle Bermuda Holding Limited, ACS Aircraft Finance (Bermuda) Limited, ACS 2007-1 Limited, ACS 2008-1 Limited, GAP Investment 21 LLC, GAP Investment 24 LLC, GAP Investment 25 LLC, GAP
Investment 26 LLC, Aircastle Ireland Holding Limited, ACS Aircraft Finance (Ireland) plc, ACS Aircraft Finance Ireland 2 Limited, ACS Aircraft Finance Ireland 3 Limited, Aircraft MSN 35299 LLC, Aircraft MSN 48778 LLC, Aircraft MSN 48779 LLC, Really
Useful Aircraft Leasing (Ireland) 2 Limited, Really Useful Aircraft Leasing (Ireland) 3 Limited, Sulaco Aircraft Leasing (Ireland) Limited, Thunderbird 1 Leasing Limited, Thunderbird 2 Leasing Limited, Thunderbird 3 Leasing Limited and Thunderbird 4
Leasing Limited and each Subsidiary of any of the foregoing entities and (b) any other special purpose Subsidiary that facilitates the acquisition, ownership, leasing or financing of aircraft or any parts relating to aircraft, including any
securitization financing in connection therewith. 

  
 -3- 

 “Applicable Procedures” means, with respect to any transfer or exchange of or for
beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 

“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 and leaseback) of the Company or any Restricted Subsidiary (each referred to in this definition as a “disposition”), or 

(2) the issuance or sale of Equity Interests of any Restricted Subsidiary, whether in a single transaction or a series of
related transactions (other than preferred stock of Restricted Subsidiaries issued in compliance with Section 1011), 
 in each case, other than: 

(a) a disposition of Cash Equivalents or dispositions of any surplus, obsolete, damaged or worn out assets in the ordinary
course of business or any disposition of inventory or goods held for sale in the ordinary course of business; 
 (b) the
disposition of all or substantially all of the assets of the Company in a manner permitted pursuant to Article Eight or any disposition that constitutes a Change of Control pursuant to this Supplemental Indenture; 

(c) the making of any Restricted Payment or Permitted Investment that is permitted to be made, and is made, under
Section 1010; 
 (d) any disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary in
any transaction or series of transactions with an aggregate Fair Market Value of less than $10.0 million; 
 (e) any
disposition of property or assets or issuance of securities by a Restricted Subsidiary to the Company or by the Company or a Restricted Subsidiary to a Restricted Subsidiary; 

(f) to the extent allowable under Section 1031 of the Internal Revenue Code of 1986, as amended, any exchange of like
property (excluding any boot thereon) for use in a Similar Business; 
 (g) the lease, assignment, sublease or license of any
real or personal property, including any aircraft, and any disposition in accordance with the terms of such lease, in each case in the ordinary course of business; 

(h) any sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary (with the exception of
Investments in Unrestricted Subsidiaries acquired pursuant to clause (j) of the definition of Permitted Investments); 

(i) foreclosures on assets; 

  
 -4- 

 (j) (i) sales of accounts receivable, or participations therein, in connection
with the Credit Facilities or any Receivables Facility and (ii) the sale or discount of accounts receivable arising in the ordinary course of business in connection with the compromise or collection thereof or in bankruptcy or similar
proceeding; 
 (k) the surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or
other claim of any kind, in each case, in the ordinary course of business; 
 (l) the creation of a Lien; and 

(m) any financing transaction with respect to property built or acquired by the Company or any Restricted Subsidiary after the
Issue Date, including, without limitation, sale leasebacks and asset securitizations permitted by this Supplemental Indenture. 

“Asset Sale Offer” has the meaning specified in Section 1017 of this Supplemental Indenture. 

“Authenticating Agent” has the meaning specified in Section 612 of this Supplemental Indenture. 

“Bankruptcy Law” means Title 11, United States Bankruptcy Code of 1978, as amended, or any similar United States federal or state
law for the relief of debtors. 
 “Board of Directors” means, with respect to any Person, either the board of directors or
managing members, as applicable, of such Person (or, if such Person is a partnership, the board of directors or other governing body of the general partner of such Person) or any duly authorized committee of such board. 

“Board Resolution” means, with respect to any Person, a copy of a resolution certified by the Secretary or an Assistant Secretary of
such Person to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and, if required by this Supplemental Indenture, delivered to the Trustee. 

“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in The
City of New York or the city in which the Trustee’s principal office is located are authorized or obligated by law, regulation or executive order to close. 

“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, membership interests (whether general or limited) or shares in the capital of a company, 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. 

  
 -5- 

 “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) United States dollars, 

(2) pounds sterling, 

(3) (a) euro, or any national currency of any participating member state in the European Union, (b) Canadian dollars, or
(c) in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by them from time to time in the ordinary course of business, 

(4) securities issued or directly and fully and unconditionally guaranteed or insured by the United States or Canadian
government or any agency or instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 24 months or less from the date of acquisition, 

(5) certificates of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of
acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus in excess of $500.0 million, 

(6) repurchase obligations for underlying securities of the types described in clauses (4) and (5) above, entered
into with any financial institution meeting the qualifications specified in clause (5) above, 
 (7) commercial paper
rated at least P-2 by Moody’s or at least A-2 by S&P and in each case maturing within 12 months after the date of creation thereof, 

(8) investment funds investing 95% of their assets in securities of the types described in clauses (1) through
(7) above, 
 (9) readily marketable direct obligations issued by any state of the United States of America or any
political subdivision thereof or any Province of Canada having one of the two highest rating categories obtainable from either Moody’s or S&P with maturities of 24 months or less from the date of acquisition, and 

(10) Indebtedness or preferred stock issued by Persons with a rating of “A” or higher from S&P or “A2”
or higher from Moody’s with maturities of 12 months or less from the date of acquisition. 
 Notwithstanding the foregoing, Cash
Equivalents shall include amounts denominated in currencies other than those set forth in clauses (1) through (3) above; provided that such amounts are converted into any currency listed in clauses (1) through (3) above,
as promptly as practicable and in any event within ten Business Days following the receipt of such amounts. 

  
 -6- 

 “Change of Control” means: 

(1) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other
than one or more Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of Voting Stock representing 50% or more of the voting power of the total outstanding Voting
Stock of the Company; 
 (2) during any period of two consecutive years, individuals who at the beginning of such period
constituted the Board of Directors of the Company, as the case may be (together with any new directors whose election to such Board of Directors or whose nomination for election by the shareholders of the Company was approved by a vote of the
majority of the directors of the Company then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved (who cannot include persons not elected by or recommended
for election by the then incumbent Board of Directors unless such Board of Directors determines reasonably and in good faith that failure to approve any such persons as members of the Board of Directors could reasonably be expected to violate a
fiduciary duty under applicable law)), cease for any reason to constitute a majority of the Board of Directors of the Company; 

(3) (a) all or substantially all of the assets of the Company and the Restricted Subsidiaries, taken as a whole, are sold or
otherwise transferred to any Person other than a Wholly-Owned Restricted Subsidiary or one or more Permitted Holders or (b) the Company amalgamates, consolidates or merges with or into another Person or any Person consolidates, amalgamates or
merges with or into the Company, in either case under this clause (3), in one transaction or a series of related transactions in which immediately after the consummation thereof Persons beneficially owning (as defined in Rules 13d-3 and 13d-5 under
the Exchange Act) Voting Stock representing in the aggregate a majority of the total voting power of the Voting Stock of the Company, immediately prior to such consummation do not beneficially own (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act) Voting Stock representing a majority of the total voting power of the Voting Stock of the Company, or the applicable surviving or transferee Person, provided that this clause shall not apply (i) in the case where
immediately after the consummation of the transactions Permitted Holders beneficially own Voting Stock representing in the aggregate a majority of the total voting power of the Company, or the applicable surviving or transferee Person or
(ii) to an amalgamation or a merger of the Company with or into (x) a corporation, limited liability company or partnership or (y) a wholly-owned subsidiary of a corporation, limited liability company or partnership that, in either
case, immediately following the transaction or series of transactions, has no Person or group (other than Permitted Holders), which beneficially owns Voting Stock representing 50% or more of the voting power of the total outstanding Voting Stock of
such entity and, in the case of clause (y), the parent of such wholly-owned subsidiary guarantees the Company’s obligations under the Notes and this Supplemental Indenture; or 

(4) the Company shall adopt a plan of liquidation or dissolution or any such plan shall be approved by the shareholders of the
Company. 
 “Change of Control Offer” has the meaning specified in Section 1016 of this Supplemental Indenture. 

“Change of Control Payment” has the meaning specified in Section 1016 of this Supplemental Indenture. 

  
 -7- 

 “Change of Control Payment Date” has the meaning specified in Section 1016 of this
Supplemental Indenture. 
 “Clearstream” means Clearstream Banking, Société Anonyme, and its successors. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if
at any time after the execution of this Supplemental Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

“Common Stock” means, with respect to any Person, any and all shares, interests, participations and other equivalents (however
designated, whether voting or non-voting) of such Person’s common stock, whether now outstanding or issued after the date of this Supplemental Indenture, and includes, without limitation, all series and classes of such common stock. 

“Company” means the Person named as the “Company” in the first paragraph of this Supplemental Indenture, until a successor
Person shall have become such pursuant to the applicable provisions of this Supplemental Indenture, and thereafter “Company” shall mean such successor Person. 

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by its Chairman,
its President, any Vice President or its Treasurer, and delivered to the Trustee. 
 “consolidated” or “Consolidated”
means, with respect to any Person, such Person consolidated with its Restricted Subsidiaries, and shall not include any Unrestricted Subsidiary. 

“Consolidated Depreciation and Amortization Expense” means with respect to any Person for any period, the total amount of
depreciation and amortization expense, including any amortization of deferred financing fees, amortization in relation to terminated Hedging Obligations and amortization of net lease discounts and lease incentives, of such Person and its Restricted
Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 
 “Consolidated Interest
Expense” means, with respect to any Person for any period, the sum, without duplication, of: 
 (a) consolidated
interest expense of such Person and its Restricted Subsidiaries for such period, to the extent such expense was deducted in computing Consolidated Net Income (including amortization of original issue discount resulting from the issuance of
Indebtedness at less than par, non-cash interest payments (but excluding any non-cash interest expense attributable to the movement in the mark to market valuation of or hedge ineffectiveness expenses of Hedging Obligations or other derivative
instruments pursuant to Financial Accounting Standards Board Statement No. 133 — “Accounting for Derivative Instruments and Hedging Activities” and excluding non-cash interest expense attributable to the amortization of gains or
losses resulting from the termination prior to the Issue Date of Hedging Obligations), the interest component of Capitalized Lease Obligations and net payments, if any, pursuant to interest rate Hedging Obligations, and excluding amortization of
deferred financing fees and any expensing of other financing fees), and 
 (b) consolidated capitalized interest of such
Person and its Restricted Subsidiaries for such period, whether paid or accrued, less 

  
 -8- 

 (c) interest income for such period. 

“Consolidated Net Income” means, with respect to any Person for any period, the aggregate of the Net Income, of such Person and its
Restricted Subsidiaries for such period, on a consolidated basis, and otherwise determined in accordance with GAAP; provided, however, that: 

(1) any net after-tax extraordinary, non-recurring or unusual gains or losses (less all fees and expenses relating thereto) or
expenses (including, without limitation, relating to severance, relocation and new product introductions) shall be excluded, 

(2) the Net Income for such period shall not include the cumulative effect of a change in accounting principles during such
period, 
 (3) any net after-tax income (loss) from disposed or discontinued operations and any net after-tax gains or losses
on disposal of disposed or discontinued operations shall be excluded, 
 (4) any net after-tax gains or losses (less all fees
and expenses relating thereto) attributable to asset dispositions other than in the ordinary course of business, as determined in good faith by the Board of Directors of the Company, shall be excluded, 

(5) the Net Income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is
accounted for by the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the Company shall be increased by the amount of dividends or distributions or other payments that are actually paid in cash (or to
the extent converted into cash) to the referent Person or a Restricted Subsidiary thereof in respect of such period, 
 (6)
solely for the purpose of determining the amount available for Restricted Payments under Section 1010(a)(4)(C), the Net Income for such period of any Restricted Subsidiary shall be excluded to the extent that the declaration or payment of
dividends or similar distributions by that Restricted Subsidiary of its Net Income is not at the date of determination wholly permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the
operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to such Restricted Subsidiary or its shareholders, unless such restriction with respect to the payment
of dividends or in similar distributions has been legally waived, provided that Consolidated Net Income of the Company shall be increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the
extent converted into cash) to the Company or a Restricted Subsidiary thereof in respect of such period, to the extent not already included therein, 

(7) the effects of adjustments resulting from the application of purchase accounting in relation to any acquisition that is
consummated after April 4, 2012, net of taxes, shall be excluded, 
 (8) any net after-tax income (loss) from the early
extinguishment of Indebtedness or Hedging Obligations or other derivative instruments shall be excluded, 
 (9) any
impairment charge or asset write-off pursuant to Financial Accounting Standards Board Statement No. 142 and No. 144 and the amortization of intangibles arising pursuant to No. 141 shall be excluded, and 

  
 -9- 

 (10) any non-cash compensation expense recorded from grants of stock appreciation
or similar rights, stock options or other rights to officers, directors or employees shall be excluded. 
 Notwithstanding the foregoing,
for the purpose of Section 1010 only (other than clause (a)(C)(4) thereof), there shall be excluded from Consolidated Net Income any income arising from any sale or other disposition of Restricted Investments made by the Company and the
Restricted Subsidiaries, any repurchases and redemptions of Restricted Investments from the Company and the Restricted Subsidiaries, any repayments of loans and advances which constitute Restricted Investments by the Company or any Restricted
Subsidiary, any sale of the stock of an Unrestricted Subsidiary or any distribution or dividend from an Unrestricted Subsidiary, in each case only to the extent such amounts increase the amount of Restricted Payments permitted under such covenant
pursuant to clause (a)(C)(4) thereof. 
 “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” means the principal corporate trust office of the Trustee, at which at any particular time its corporate
trust business shall be administered, which office at the date of execution of this Supplemental Indenture is located at Wells Fargo Bank, National Association, 625 Marquette Avenue, MAC N9311-115, Minneapolis, MN 55479, except that with respect to
presentation of the Notes for payment or for registration of transfer or exchange, such term shall mean the office or agency of the Trustee at which, at any particular time, its corporate agency business shall be conducted. 

“corporation” includes corporations, associations, companies and business trusts. 

“Covenant Defeasance” has the meaning specified in Section 1203 of this Supplemental Indenture. 

“Credit Facilities” means, with respect to the Company, one or more debt facilities or commercial paper facilities with banks or
other institutional lenders or investors or indentures providing for revolving credit loans, term loans, receivables financing, including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such
lenders against receivables, letters of credit or other long-term indebtedness, including any guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions,
renewals, restatements or refundings thereof and any indentures or credit facilities or commercial 

  
 -10- 

 
paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder,
including any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder or alters the maturity thereof. 

“Custodian” means the Trustee, as custodian for DTC with respect to the Notes in global form, or any successor entity thereto. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default. 

“Defaulted Interest” has the meaning specified in Section 307 of this Supplemental Indenture. 

“Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with
Section 311 hereof, substantially in the form of Exhibit A hereto, except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 

“Depositary” means The Depository Trust Company (“DTC”), its nominees and their respective successors. 

“Designated Non-cash Consideration” means the Fair Market Value of non-cash consideration received by the Company or a Restricted
Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting forth the basis of such valuation, executed by a senior vice president or the principal
financial officer of the Company, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of such Designated Non-cash Consideration. 

“Designated Preferred Stock” means preferred shares of the Company (in each case other than Disqualified Stock) that is issued for
cash (other than to a Restricted Subsidiary) and is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate executed by a senior vice president or the principal financial officer of the Company on the issuance date
thereof, the cash proceeds of which are excluded from the calculation set forth in clause (a)(4)(C) of Section 1010. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms, or by the terms of any
security into which it is convertible or for which it is putable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable, other than as a result of a change of control or asset sale, pursuant to a sinking fund
obligation or otherwise, or is redeemable at the option of the holder thereof, other than as a result of a change of control or asset sale, in whole or in part, in each case prior to the date 91 days after the earlier of the maturity date of the
Notes or the date the Notes are no longer outstanding; provided, however, that if such Capital Stock is issued to any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to such employees, such
Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

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

  
 -11- 

 “EBITDA” means, with respect to any Person for any period, the Consolidated Net Income
of such Person for such period plus (without duplication): 
 (a) provision for taxes based on income or profits, plus
franchise or similar taxes, of such Person for such period deducted in computing Consolidated Net Income, plus 
 (b)
Consolidated Interest Expense (and other components of Fixed Charges to the extent changes in GAAP after the Issue Date result in such components reducing Consolidated Net Income) of such Person for such period to the extent the same was deducted in
calculating such Consolidated Net Income, plus 
 (c) Consolidated Depreciation and Amortization Expense of such
Person for such period to the extent such depreciation and amortization were deducted in computing Consolidated Net Income, plus 

(d) any expenses or charges related to any Equity Offering, Permitted Investment, acquisition, disposition, recapitalization or
Indebtedness permitted to be incurred by this Supplemental Indenture (whether or not successful), including such fees, expenses or charges related to the offering of the Notes and the Credit Facilities, and deducted in computing Consolidated Net
Income, plus 
 (e) the amount of any restructuring charge deducted in such period in computing Consolidated Net
Income, including any one time costs incurred in connection with acquisitions after the Issue Date, plus 
 (f) any
other non-cash charges reducing Consolidated Net Income for such period, excluding any such charge that represents an accrual or reserve for a cash expenditure for a future period, plus 

(g) the amount of any non-controlling interest expense deducted in calculating Consolidated Net Income (less the amount of any
cash dividends paid to the holders of such minority interests), plus 
 (h) any net loss (or minus any gain) resulting
from currency exchange risk Hedging Obligations, plus 
 (i) foreign exchange loss (or minus any gain) on debt,
plus 
 (j) expenses related to the implementation of an enterprise resource planning system, less 

(k) non-cash items increasing Consolidated Net Income of such Person for such period, excluding any items which represent the
reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period. 
 “EMU” means
economic and monetary union as contemplated in the Treaty on European Union. 
 “Equity Interests” means Capital Stock and all
warrants, options or other rights to acquire Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock. 

  
 -12- 

 “Equity Offering” means any public or private sale of Common Stock or preferred shares
of the Company (excluding Disqualified Stock), other than 
 (1) public offerings with respect to the Company’s Common
Stock registered on Form S-8; 
 (2) any such public or private sale that constitutes an Excluded Contribution; and 

(3) any sales to the Company or any of its Subsidiaries. 

“euro” means the single currency of participating member states of the EMU. 

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

“Event of Default” has the meaning specified in Section 501 of this Supplemental Indenture. 

“Excess Proceeds” has the meaning specified in Section 1017 of this Supplemental Indenture. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder. 
 “Excluded Contribution” means net cash proceeds, marketable securities or Qualified Proceeds received by the
Company from: 
 (a) contributions to its common equity capital, and 

(b) the sale (other than to a Subsidiary of the Company or to any management equity plan or stock option plan or any other
management or employee benefit plan or agreement of the Company) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Company, 

in each case designated as Excluded Contributions pursuant to an Officers’ Certificate executed by a senior vice president or the principal financial
officer of the Company on the date such capital contributions are made or the date such Equity Interests are sold, as the case may be, which are excluded from the calculation set forth in Section 1010(a)(4)(C). 

“Excluded Restricted Subsidiary” means any Restricted Subsidiary that has total assets having a Fair Market Value in an amount not
to exceed $100,000 on an individual basis and $1,000,000 in the aggregate for all such Restricted Subsidiaries that are Excluded Restricted Subsidiaries. 

“Existing Indebtedness” means Indebtedness of the Company or the Restricted Subsidiaries in existence on the Issue Date, plus
interest accruing thereon. 
 “Existing Notes” means the Company’s 9.75% senior notes due 2018, 6.75% senior notes due 2017,
7.625% senior notes due 2020 and 6.25% Senior Notes due 2019. 
 “Fair Market Value” means the value that would be paid by a
willing buyer to an unaffiliated willing seller in a transaction not involving distress or necessity of either party, determined in good faith by the chief executive officer, chief financial officer, chief accounting officer or controller of the
Company or the Restricted Subsidiary, which determination will be conclusive (unless otherwise provided in this Supplemental Indenture). 

  
 -13- 

 “Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the
ratio of EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the Company or any Restricted Subsidiary incurs, assumes, guarantees, redeems, retires or extinguishes any Indebtedness (other than
reductions in amounts outstanding under revolving facilities unless accompanied by a corresponding termination of commitment) or issues or redeems Disqualified Stock or preferred stock subsequent to the commencement of the period for which the Fixed
Charge Coverage Ratio is being calculated but prior to the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma
effect to such incurrence, assumption, guarantee or redemption, retirement or extinguishment of Indebtedness, or such issuance or redemption of Disqualified Stock or preferred stock, as if the same had occurred at the beginning of the applicable
four-quarter period. 
 For purposes of making the computation referred to above, Investments, acquisitions, dispositions, amalgamations,
mergers, consolidations and disposed operations (as determined in accordance with GAAP) that have been made by the Company or any Restricted Subsidiary during the four-quarter reference period or subsequent to such reference period and on or prior
to or simultaneously with the Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, amalgamations, mergers, consolidations and disposed operations (and the change in any
associated fixed charge obligations and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person (that subsequently became a Restricted Subsidiary
or was amalgamated or merged with or into the Company or any Restricted Subsidiary since the beginning of such period) shall have made any Investment, acquisition, disposition, amalgamation, merger, consolidation or disposed operation that would
have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, amalgamation, merger,
consolidation or disposed operation had occurred at the beginning of the applicable four-quarter period. 
 For purposes of this definition,
whenever pro forma effect is to be given to a transaction, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Company (including pro forma expense and cost reductions,
regardless of whether these cost savings could then be reflected in pro forma financial statements in accordance with Regulation S-X promulgated under the Securities Act or any other regulation or policy of the Commission related thereto). If any
Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period
(taking into account any Hedging Obligations applicable to such Indebtedness). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the
Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro
forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate,
a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 

  
 -14- 

 “Fixed Charges” means, with respect to any Person for any period, the sum of 

(a) Consolidated Interest Expense, 

(b) all cash dividend payments (excluding items eliminated in consolidation) on any series of preferred stock (including any
Designated Preferred Stock) or any Refunding Capital Stock of such Person, and 
 (c) all cash dividend payments (excluding
items eliminated in consolidation) on any series of Disqualified Stock. 
 “Foreign Subsidiary” means, with respect to any Person,
any Restricted Subsidiary of such Person that is (i) a controlled foreign corporation within the meaning of Section 957 of the Internal Revenue Code of 1986, as amended (a “CFC”) or (ii) organized in or under the laws of the
United States, any state thereof or the District of Columbia and all of the material assets of such Restricted Subsidiary consist of stock in one or more CFCs. 

“GAAP” means generally accepted accounting principles in the United States which are in effect on April 4, 2012. At any time
after the Issue Date, the Company may elect to apply International Financial Reporting Standards (“IFRS”) accounting principles in lieu of GAAP for purposes of calculations hereunder and, upon any such election, references herein to GAAP
shall thereafter be construed to mean IFRS (except as otherwise provided in this Supplemental Indenture); provided that any calculation or determination in this Supplemental Indenture that requires the application of GAAP for periods that
include fiscal quarters ended prior to the Company’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. The Company shall give notice of any such election made in accordance with this definition
to the Trustee and the Holders of Notes. 
 “Global Note Legend” means the restrictive legend set forth in Section 203. 

“Global Notes” means individually and collectively, each of the Global Notes deposited with or on behalf of and registered in the
name of the Depositary or its nominee, substantially in the form of Exhibit A hereto that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with
Section 201 hereof. 
 “Government Securities” means securities that are: 

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

 (b) 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 either
case, are not callable or redeemable at the option of the issuers 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 Government
Securities or a specific payment of principal of or interest on any such Government Securities 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 Government Securities or the specific payment of principal of or interest on the Government
Securities evidenced by such depository receipt. 

  
 -15- 

 “guarantee” means 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. 

“Guarantor” means any Person that executes a Note Guarantee in accordance with the provisions of this Supplemental Indenture and its
respective successors and assigns. 
 “Hedging Obligations” means, with respect to any Person, the obligations of such Person
under: 
 (1) currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity
cap agreements and currency exchange, interest rate or commodity collar agreements and 
 (2) other agreements or
arrangements designed to protect such Person against fluctuations in currency exchange, interest rates or commodity prices. 

“Holder” means a holder of Notes. 

“incur” has the meaning specified in Section 1011 of this Supplemental Indenture. 

“incurrence” has the meaning specified in Section 1011 of this Supplemental Indenture. 

“Indebtedness” means, with respect to any Person, 

(a) any indebtedness (including principal and premium) of such Person, whether or not contingent: 

(1) in respect of borrowed money; 

(2) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without
double counting, reimbursement agreements in respect thereof); 
 (3) representing the balance deferred and unpaid of the
purchase price of any property (including Capitalized Lease Obligations), except (i) any such balance that constitutes a trade payable or similar obligation to a trade creditor, in each case accrued in the ordinary course of business and
(ii) any earn-out obligations until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP; or 

(4) representing any Hedging Obligations, 

if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging Obligations) would appear as a liability
upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; 
 (b) to the extent
not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the Indebtedness of another Person, other than by endorsement of negotiable instruments for collection in the ordinary course
of business; and 

  
 -16- 

 (c) 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 Contingent
Obligations shall be deemed not to constitute Indebtedness; and obligations under or in respect of Receivables Facilities shall not be deemed to constitute Indebtedness. 

“Indenture” means the Base Indenture as supplemented and modified by this Supplemental Indenture, as originally executed and as
either may from time to time be supplemented or amended by one or more indentures supplemental hereto or thereto entered into pursuant to the applicable provisions hereof or thereof, including, for all purposes, the provisions of the Trust Indenture
Act that are deemed to be part hereof and thereof. 
 “Independent Financial Advisor” means an accounting, appraisal, investment
banking firm or consultant to Persons engaged in Similar Businesses of nationally recognized standing that is, in the good faith judgment of the Company, qualified to perform the task for which it has been engaged. 

“Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 

“Initial Lien” has the meaning specified in Section 1012 of this Supplemental Indenture. 

“Initial Notes” has the meaning stated in the third recital of this Supplemental Indenture. 

“Insolvency or Liquidation Proceeding” means: 

(a) any voluntary or involuntary case or proceeding under the Bankruptcy Law with respect to the Company; 

(b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership,
liquidation, reorganization or other similar case or proceeding with respect to the Company or with respect to a material portion of its assets; 

(c) any composition of liabilities or similar arrangement relating to the Company, whether or not under a court’s
jurisdiction or supervision; 
 (d) any liquidation, dissolution, reorganization or winding up of the Company, whether
voluntary or involuntary, whether or not under a court’s jurisdiction or supervision, and whether or not involving insolvency or bankruptcy; or 

(e) any general assignment for the benefit of creditors or any other marshalling of assets and liabilities of the Company. 

“Interest Payment Date” means the Stated Maturity of an installment of interest on the Notes. 

“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. 

  
 -17- 

 “Investments” means, with respect to any Person, all investments by such Person in
other Persons (including Affiliates) in the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit, advances to customers, commission, travel, moving and similar advances to officers,
directors and employees, in each case made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by
GAAP to be classified on the balance sheet (excluding the footnotes) of the Company in the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property. For purposes
of the definition of “Unrestricted Subsidiary” and Section 1010, 
 (1) “Investments” shall include
the portion (proportionate to the Company’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of a Subsidiary of the Company 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 Company shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive)
equal to: 
 (x) the Company’s “Investment” in such Subsidiary at the time of such redesignation less

 (y) the portion (proportionate to the Company’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, in each case as determined in good faith by the Company. 

“Issue Date” means December 5, 2013. 

“Legal Defeasance” has the meaning specified in Section 1202 of this Supplemental Indenture. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect
of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security
interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an operating lease be deemed to constitute a Lien. 

“Management Group” means at any time, the Chairman of the Board, any President, any Executive Vice President or Vice President, any
Managing Director, any Treasurer and any Secretary or other executive officer of the Company or any Subsidiary of the Company at such time. 

“Maturity,” when used with respect to any Note, means the date on which the principal of such Note or an installment of principal
becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or otherwise. 

“Moody’s” means Moody’s Investors Service, Inc. 

  
 -18- 

 “Net Income” means, with respect to any Person, the net income (loss) of such Person,
determined in accordance with GAAP and before any reduction in respect of preferred stock dividends. 
 “Net Payment” means the
amount the Company, any Guarantor or their paying agent pays a Holder after deducting or withholding by the applicable withholding agent of an amount for or on account of any present or future tax, assessment or other governmental charge imposed
with respect to that payment by a taxing authority (including any withholding or deduction attributable to additional amounts payable hereunder). 

“Net Proceeds” means the aggregate cash proceeds received by the Company or any Restricted Subsidiary in respect of any Asset Sale,
including, without limitation, any cash received upon the sale or other disposition of any Designated Non-cash Consideration received in any Asset Sale, net of the direct 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, 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), amounts required to be applied to the repayment of principal, premium, if any, and interest on Indebtedness secured by a Lien permitted under this
Supplemental Indenture required (other than required by clause (1) of the second paragraph of Section 1017(a)) to be paid as a result of such transaction and any deduction of appropriate amounts to be provided by the Company as a reserve
in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction and retained by the Company 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. 

“Note Guarantee” has the meaning specified in Section 1020 of this Supplemental Indenture. 

“Note Register” and “Note Registrar” have the respective meanings specified in Section 305. 

“Notes” means the Initial Notes and any Additional Notes, treated as a single class of securities. 

“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, federal or foreign law), penalties, fees, indemnifications,
reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and banker’s acceptances), damages and other liabilities, and guarantees of payment of such principal, interest, penalties, fees,
indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness. 

“Officer” means the Chairman of the Board of Directors, the Chief Executive Officer, the President, any Executive Vice President,
Senior Vice President or Vice President, the Treasurer or the Secretary of the Company. 
 “Officers’ Certificate” means a
certificate signed on behalf of the Company by two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company that meets the
requirements set forth in this Supplemental Indenture. 

  
 -19- 

 “Opinion of Counsel” means, with respect to any Person, a written opinion reasonably
acceptable to the Trustee from legal counsel. The counsel may be counsel for such Person, including an employee of such Person or any Subsidiary of such Person. 

“Outstanding,” when used with respect to Notes, means, as of the date of determination, all Notes theretofore authenticated and
delivered under this Supplemental Indenture, except: 
 (i) Notes theretofore cancelled by the Trustee or delivered to the
Trustee for cancellation; 
 (ii) Notes, or portions thereof, for whose payment or redemption money in the necessary amount
has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Notes; provided
that, if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to this Supplemental Indenture or provision therefor satisfactory to the Trustee has been made; 

(iii) Notes, except to the extent provided in Sections 1202 and 1203, with respect to which the Company has effected Legal
Defeasance and/or Covenant Defeasance as provided in Article Twelve; and 
 (iv) Notes which have been paid pursuant to
Section 306 or in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Supplemental Indenture, other than any such Notes in respect of which there shall have been presented to the Trustee proof
satisfactory to it that such Notes are held by a bona fide purchaser in whose hands the Notes are valid obligations of the Company; 
 provided,
however, that in determining whether the Holders of the requisite principal amount of Outstanding Notes have given any request, demand, authorization, direction, consent, notice or waiver hereunder, and for the purpose of making the calculations
required by TIA Section 313, Notes owned by the Company or any other obligor upon the Notes or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the
Trustee shall be protected in making such calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Notes which a Responsible Officer of the Trustee actually knows to be so owned shall be so
disregarded. 
 “Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with
the Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 
 “Paying
Agent” means any Person (including the Company) authorized by the Company to pay the principal of (and premium, if any) or interest on any Notes on behalf of the Company. 

“Permitted Asset Swap” means the concurrent purchase and sale or exchange of Related Business Assets or a combination of Related
Business Assets and cash or Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 1017. 

“Permitted Holders” means the collective reference to Marubeni Corporation, its Affiliates and the Management Group. Any Person or
group whose acquisition of beneficial ownership constitutes a Change of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Supplemental Indenture will thereafter, together with its Affiliates,
constitute an additional Permitted Holder. 

  
 -20- 

 “Permitted Investments” means: 

(a) any Investment in the Company or any Restricted Subsidiary; 

(b) any Investment in cash and Cash Equivalents; 

(c) any Investment by the Company or any Restricted Subsidiary of the Company in a Person if as a result of such Investment:

 (1) such Person becomes a Restricted Subsidiary; or 

(2) such Person, in one transaction or a series of related transactions, is merged, consolidated or amalgamated with or into,
or transfers or conveys substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary; 

(d) any Investment in securities or other assets not constituting cash or Cash Equivalents and received in connection with an
Asset Sale made pursuant to Section 1017, or any other disposition of assets not constituting an Asset Sale; 
 (e) any
Investment existing on the Issue Date; 
 (f) advances to employees not in excess of $5.0 million outstanding at any one
time, in the aggregate; 
 (g) any Investment acquired by the Company or any Restricted Subsidiary 

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

(2) as a result of a foreclosure by the Company or any Restricted Subsidiary with respect to any secured Investment or other
transfer of title with respect to any secured Investment in default; 
 (h) any Investments in Hedging Obligations entered
into in the ordinary course of business; 
 (i) loans to officers, directors and employees for business-related travel
expenses, moving expenses and other similar expenses, in each case incurred in the ordinary course of business; 
 (j) any
Investment having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (j) that are at that time outstanding (without giving effect to the sale of an Unrestricted Subsidiary to the extent the
proceeds of such sale do not consist of cash and/or marketable securities), not to exceed the greater of (x) $125.0 million and (y) 3.0% of Total Assets at the time of such Investment (with the Fair Market Value of each Investment being
measured at the time made and without giving effect to subsequent changes in value); 

  
 -21- 

 (k) Investments the payment for which consists of Equity Interests of the Company
(exclusive of Disqualified Stock); provided, however, that such Equity Interests shall not increase the amount available for Restricted Payments under Section 1010(a)(4)(C); 

(l) guarantees of Indebtedness permitted under Section 1011; 

(m) any transaction to the extent it constitutes an investment that is permitted and made in accordance with
Section 1013(b); 
 (n) Investments consisting of purchases and acquisitions of inventory, supplies, material or
equipment or the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons; 

(o) repurchases of Notes; 

(p) any Investments received in compromise or resolution of (A) obligations of trade creditors or customers that were
incurred in the ordinary course of business of the Company or any of its Restricted Subsidiaries, 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 with Persons who are not Affiliates; 
 (q) any Investment in a Person
(other than the Company or a Restricted Subsidiary) pursuant to the terms of any agreements in effect on the Issue Date and any Investment that replaces, refinances or refunds an existing Investment; provided that the new Investment is in an
amount that does not exceed the amount replaced, refinanced or refunded (after giving effect to write-downs or write-offs with respect to such Investment), and is made in the same Person as the Investment replaced, refinanced or refunded; 

(r) endorsements for collection or deposit in the ordinary course of business; 

(s) Investments relating to any special purpose wholly-owned subsidiary of the Company organized in connection with a
Receivables Facility that, in the good faith determination of the Board of Directors of the Company, are necessary or advisable to effect such Receivables Facility; 

(t) Investments in a joint venture, when taken together with all other Investments made pursuant to this clause (t) that
are at the time outstanding, not to exceed the greater of (x) $125.0 million and (y) 3.0% of Total Assets (with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in
value); and 
 (u) Investments in aviation assets, including debt Investments secured, directly or indirectly, by commercial
jet aircraft or related property and including Investments in entities owning, financing or leasing aviation assets. 
 “Permitted
Jurisdiction” means any of the United States, any state thereof, the District of Columbia, or any territory thereof, Bermuda, the Cayman Islands, Switzerland, Ireland, Singapore, or the Marshall Islands. 

  
 -22- 

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

(1) pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance laws or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
of cash or U.S. government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case incurred in the ordinary course of business;

 (2) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in each case for sums not
yet overdue for a period of more than 30 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; 
 (3) Liens for taxes, assessments or other governmental charges not yet overdue for a
period of more than 30 days or payable or subject to penalties for nonpayment or which are being contested in good faith by appropriate proceedings; 

(4) Liens in favor of issuers of performance and surety bonds or bid bonds or with respect to other regulatory requirements or
letters of credit issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 

(5) minor survey exceptions, minor encumbrances, easements or reservations of, or rights of others for, licenses,
rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real properties or Liens incidental, to the conduct of the business of such Person or to the ownership
of its properties which were not incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of such Person; 

(6) Liens existing on the Issue Date; 

(7) Liens on property or shares of stock of a Person at the time such Person becomes a Subsidiary; provided,
however, such Liens are not created or incurred in connection with, or in contemplation of, such other Person becoming such a subsidiary; provided, further, however, that such Liens may not extend to any other property owned
by the Company or any Restricted Subsidiary; 
 (8) Liens on property at the time the Company or a Restricted Subsidiary
acquired the property, including any acquisition by means of an amalgamation or a merger or consolidation with or into the Company or any Restricted Subsidiary; provided, however, that such Liens are not created or incurred in
connection with, or in contemplation of, such acquisition; provided, further, however, that the Liens may not extend to any other property owned by the Company or any Restricted Subsidiary; 

(9) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Company or another Restricted
Subsidiary permitted to be incurred in accordance with Section 1011 hereof; 

  
 -23- 

 (10) Liens securing Hedging Obligations so long as the related Indebtedness is,
and is permitted to be under this Supplemental Indenture, secured by a Lien; 
 (11) Liens on specific items of inventory of
other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods;

 (12) leases and subleases of real property granted to others in the ordinary course of business and which do not
materially interfere with the ordinary conduct of the business of the Company or any of the Restricted Subsidiaries; 
 (13)
Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business; 

(14) Liens in favor of the Company; 

(15) Liens on equipment of the Company or any Restricted Subsidiary granted in the ordinary course of business to the
Company’s client at which such equipment is located; 
 (16) Liens on accounts receivable and related assets incurred in
connection with a Receivables Facility; 
 (17) Liens to secure any refinancing, refunding, extension, renewal or replacement
(or successive refinancing, refunding, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in clauses (6), (7), (8), (9), (10), (14), (26) and (27); provided, however,
that (x) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property), (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 (6), (7), (8), (9), (10), (14), (26) and (27) at the time the original Lien became a Permitted Lien
under this Supplemental Indenture, and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension, renewal or replacement and (z) the new Lien has no greater priority and the
holders of the Indebtedness secured by such Lien have no greater intercreditor rights relative to the Notes and Holders thereof than the original Liens and the related Indebtedness; 

(18) other Liens securing obligations incurred in the ordinary course of business which obligations do not exceed $50.0
million; 
 (19) Licenses or sublicenses in the ordinary course of business; 

(20) Liens securing judgments for the payment of money not constituting an Event of Default under Section 501(5) so long
as such Liens are adequately bonded and any appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within which such proceedings may be initiated has not
expired; 

  
 -24- 

 (21) Liens in favor of customs and revenue authorities arising as a matter of law
to secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 
 (22)
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 commodity trading accounts or other commodity
brokerage accounts incurred in the ordinary course of business, and (iii) in favor of banking institutions 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 industry; 
 (23) 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; 

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

 (25) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale or purchase
of goods entered into by the Company or any Restricted Subsidiary in the ordinary course of business; 
 (26) Liens securing
Indebtedness permitted to be incurred pursuant to Section 1011(b)(4); provided that Liens extend only to the assets so financed, purchased, constructed or improved; and 

(27) Liens securing Indebtedness permitted to be incurred pursuant to Section 1011(b)(17); provided that Liens
extend only to the assets so financed and any Capital Stock of any related Aircraft Finance Subsidiary. 
 For purposes of determining
compliance with this definition, (A) Permitted Liens need not be incurred solely by reference to one category of Permitted Liens described above but are permitted to be incurred in part under any combination thereof and (B) in the event
that a Lien (or any portion thereof) meets the criteria of one or more of the categories of Permitted Liens described above, the Company may, in its sole discretion, classify or reclassify such item of Permitted Liens (or any portion thereof) in any
manner that complies with this definition and the Company may divide and classify a Lien in more than one of the types of Permitted Liens in one of the above clauses. 

“Person” means any individual, corporation, limited liability company, partnership, joint venture, association, joint stock company,
trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 
 “Predecessor
Note” of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 306
in exchange for a mutilated Note or in lieu of a lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 

  
 -25- 

 “preferred stock” means any Equity Interest with preferential rights of payment of
dividends or upon liquidation, dissolution, or winding up. 
 “Prospectus” means that certain Prospectus Supplement, dated
December 2, 2013, together with the base prospectus, dated June 20, 2012 which forms part of the Company’s Registration Statement on Form S-3 (file no. 333-182242), relating to the issuance and sale of the Initial Notes.

 “Qualified Proceeds” means assets that are used or useful in, or Capital Stock of any Person engaged in, a Similar Business;
provided that the fair market value of any such assets or Capital Stock shall be determined by the Board of Directors in good faith. 

“Rating Agencies” means Moody’s and S&P or if Moody’s or S&P or both shall not make a rating on the Notes publicly
available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company which shall be substituted for Moody’s or S&P or both, as the case may be. 

“Receivables Facility” means one or more receivables financing facilities, as amended from time to time, the Indebtedness of which
is non-recourse (except for standard representations, warranties, covenants and indemnities made in connection with such facilities) to the Company and the Restricted Subsidiaries pursuant to which the Company and/or any of its Restricted
Subsidiaries sells its accounts receivable to a Person that is not a Restricted Subsidiary. 
 “Receivables Fees” means
distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables
Facility. 
 “Record Date” means either a Regular Record Date or a Special Record Date. 

“Redemption Date” when used with respect to any Note to be redeemed, in whole or in part, means the date fixed for such redemption
by or pursuant to this Supplemental Indenture. 
 “Redemption Price” when used with respect to any Note to be redeemed, means the
price at which it is to be redeemed pursuant to this Supplemental Indenture. 
 “Refinancing Indebtedness” has the meaning
specified in Section 1011 of this Supplemental Indenture. 
 “Refunding Capital Stock” has the meaning specified in
Section 1010 of this Supplemental Indenture. 
 “Regular Record Date” has the meaning specified in Section 301 of this
Supplemental Indenture. 
 “Regulation S-X” means Regulation S-X under the Securities Act. 

“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 Company or a Restricted Subsidiary in exchange for assets transferred by the Company or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless
upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary. 

  
 -26- 

 “Relevant Tax Jurisdiction” means Bermuda, or another jurisdiction in which the Company
or a Guarantor, or a successor of any of them, is organized, is resident or engaged in business for tax purposes or through which payments are made on or in connection with the Notes or the Note Guarantees. 

“Responsible Officer,” when used with respect to the Trustee, means any vice president, any assistant treasurer, any trust officer
or assistant trust officer, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above-designated 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 and who shall have direct responsibility for the administration of this Supplemental Indenture. 

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

“Restricted Payments” has the meaning specified in Section 1010 of this Supplemental Indenture. 

“Restricted Subsidiary” means, at any time, any direct or indirect Subsidiary of the Company (including any Foreign Subsidiary) that
is not then an Unrestricted Subsidiary; provided, however, that upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition of “Restricted
Subsidiary.” 
 “Retired Capital Stock” has the meaning specified in Section 1010 of this Supplemental Indenture. 

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

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated
thereunder. 
 “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as
defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date. 

“Similar Business” means any business conducted or proposed to be conducted by the Company and its Restricted Subsidiaries on the
date of this Supplemental Indenture or any business that is similar, reasonably related, incidental or ancillary thereto. 
 “Special
Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 307. 
 “Stated
Maturity,” when used with respect to any Note or any installment of principal thereof or interest thereon, means the date specified in such Notes as the fixed date on which the principal of such Notes or such installment of principal or
interest is due and payable. 
 “Subordinated Indebtedness” means (a) with respect to the Company, any Indebtedness of the
Company which is by its terms 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 subordinated in right of payment to the Note Guarantee of such
Guarantor. 

  
 -27- 

 “Subsidiary” means, with respect to any Person, 

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

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

(x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited
partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited
partnership or otherwise, and 
 (y) such Person or any Restricted Subsidiary of such Person is a controlling general partner
or otherwise controls such entity. 
 “Successor Company” has the meaning specified in Section 801 of this Supplemental
Indenture. 
 “Successor Person” has the meaning specified in Section 802 of this Supplemental Indenture. 

“Total Assets” means the total assets of the Company and the Restricted Subsidiaries, as shown on the most recent balance sheet of
the Company for which internal financial statements are available immediately preceding the date on which any calculation of Total Assets is being made, with such pro forma adjustments for transactions consummated on or prior to or
simultaneously with the date of the calculation as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio. 

“Treasury Rate” means, as of any Redemption Date, the yield to maturity as of such Redemption Date of United States Treasury
securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) that has become publicly available at least two business days prior to the Redemption Date (or, if such Statistical
Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to the maturity date of the Notes to be redeemed; provided, however, that if the period
from the Redemption Date to the maturity date of the Notes to be redeemed is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

“Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 as in force at the date as of which this Supplemental
Indenture was executed, except as provided in Section 905. 
 “Trustee” means the Person named as the “Trustee” in
the first paragraph of this Supplemental Indenture until a successor Trustee shall have become such pursuant to the applicable provisions of this Supplemental Indenture, and thereafter “Trustee” shall mean such successor Trustee. 

  
 -28- 

 “Unrestricted Subsidiary” means: 

(1) any Subsidiary of the Company which at the time of determination is an Unrestricted Subsidiary (as designated by the Board
of Directors of the Company, as provided below) and 
 (2) any Subsidiary of an Unrestricted Subsidiary. 

The Board of Directors of the Company may designate any Subsidiary of the Company (including any existing Subsidiary and any newly acquired or
newly formed Subsidiary) 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 Company or any Subsidiary of the Company
(other than any Subsidiary of the Subsidiary to be so designated), provided that 
 (a) any Unrestricted Subsidiary
must be an entity of which shares of the Capital Stock or other Equity Interests (including partnership interests) entitled to cast at least a majority of the votes that may be cast by all shares or Equity Interests having ordinary voting power for
the election of directors or other governing body are owned, directly or indirectly, by the Company, 
 (b) such designation
complies with Section 1010, and 
 (c) each of the Subsidiary to be so designated and its Subsidiaries has not at the
time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the Company or
any Restricted Subsidiary. 
 The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided that, immediately after giving effect to such designation no Default or Event of Default shall have occurred and be continuing and either: 

(1) the Company could incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test
described under Section 1011(a), or 
 (2) the Fixed Charge Coverage Ratio for the Company and its Restricted
Subsidiaries would be greater than such ratio for the Company and its Restricted Subsidiaries immediately prior to such designation, in each case on a pro forma basis taking into account such designation. 

Any such designation by the Board of Directors of the Company shall be notified by the Company to the Trustee by promptly filing with the
Trustee a copy of the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. 

“Vice President,” when used with respect to the Company or the Trustee, means any vice president, whether or not designated by a
number or a word or words added before or after the title “vice president.” 
 “Voting Stock” of any Person as of any
date means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person. 

  
 -29- 

 “Weighted Average Life to Maturity” means, when applied to any Indebtedness,
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 Subsidiary of such Person, 100% of the outstanding Capital Stock or other ownership
interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person. 

ARTICLE TWO 
 NOTE FORMS

 Article II of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described
in, and to the extent of, this Article Two. 
 SECTION 201. Forms Generally. 

The Initial Notes shall be known and designated as “4.625% Senior Notes due 2018” of the Company. The Notes and the Trustee’s
certificate of authentication with respect thereto shall be substantially in the form of Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage; provided, that any such notations,
legends or endorsements are in a form reasonably acceptable to the Company. Each Note will be dated the date of its authentication. The Notes shall be in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof. 

The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of the Indenture and the Company and
the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note conflicts with the express provisions of the Base
Indenture, the provisions of the Notes shall govern and be controlling and to the extent any provision of any Note conflicts with the express provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture shall govern and
be controlling. 
 Any Definitive Notes shall be printed, lithographed, typewritten or engraved on steel-engraved borders or may be produced
in any other manner, all as determined by two Officers of the Company executing such Notes, as evidenced by their execution of such Notes. 

Notes issued in global form will be substantially in the form of Exhibit A hereto, including the Global Note Legend thereon and the
“Schedule of Exchanges of Interests in the Global Note” attached thereto. Notes issued in definitive form will be substantially in the form of Exhibit A hereto but without the Global Note Legend thereon and without the “Schedule of
Exchanges of Interests in the 

  
 -30- 

 
Global Note” attached thereto. Each Global Note will represent such of the outstanding Notes as will be specified therein and each shall provide that it represents the aggregate principal
amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any
endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance
with instructions given by the Holder thereof as required by Section 311 hereof. 
 SECTION 202. Form of Trustee’s Certificate
of Authentication. 
 The Trustee shall, upon receipt of a Company Order, authenticate Notes for original issue that may be validly
issued under this Supplemental Indenture, including any Additional Notes. The aggregate principal amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for issuance by the Company pursuant to one
or more Company Orders, except as provided in Section 306 hereof. 
 The Trustee may appoint an authenticating agent acceptable to the
Company to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Supplemental Indenture to authentication by the Trustee includes authentication by such agent. An authenticating
agent has the same rights as an Agent to deal with Holders or an Affiliate of the Company. 
 Subject to Section 611, the
Trustee’s certificate of authentication shall be in substantially the following form: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION.

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

 

							
		 		 	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

				
	Dated:                                     
         	 		 		 	
		 		 	By	 	 
		 		 		 	Authorized Signatory

 SECTION 203. Restrictive Legends. 

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

UNLESS THIS CERTIFICATE IS PRESENTED, BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH
OTHER REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL BECAUSE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 -31- 

 TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN
PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTION 311 OF THE
INDENTURE. 
 ARTICLE THREE 

THE NOTES 
 Article III of
the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and to the extent of, this Article Three. 

SECTION 301. Title and Terms. 

The aggregate principal amount of Notes which may be authenticated and issued under this Supplemental Indenture is not limited;
provided, however, that any Additional Notes issued under this Supplemental Indenture are issued in accordance with Sections 303 and 1011 hereof, as part of the same series as the Notes. 

The Notes shall be known and designated as the “4.625% Senior Notes due 2018” of the Company. The Stated Maturity of the Notes shall
be December 15, 2018, and the Notes shall bear interest at the rate of 4.625% per annum from December 5, 2013, or from the most recent Interest Payment Date to which interest has been paid or duly provided for on the Notes. 

Interest on the Notes is payable on June 15, 2014 and semi-annually thereafter on June 15 and December 15 of each year and at
the applicable Stated Maturity, until the principal of such Note is paid or duly provided for and to the Person in whose name such Note (or any Predecessor Note), is registered at the close of business on June 1 and December 1 immediately
preceding such Interest Payment Date (each, a “Regular Record Date”). 
 The principal of (and premium, if any) and interest on
the Notes shall be payable at the office or agency of the Company maintained for such purpose or, at the option of the Company, payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in
the Note Register of Holders; provided that all payments of principal, premium, if any, and interest with respect to Notes represented by one or more Global Notes registered in the name of or held by the Depositary or its nominee will be made
by wire transfer of immediately available funds to the accounts specified by the Holder or Holders thereof. Until otherwise designated by the Company, the Company’s office or agency shall be the office of the trustee maintained for such
purpose. 
 Holders shall have the right to require the Company to purchase their Notes, in whole or in part, in the event of a Change in
Control pursuant to Section 1016. The Notes shall be subject to repurchase pursuant to an offer to purchase as provided in Section 1017. 

  
 -32- 

 The Notes shall be redeemable as provided in Article Eleven. 

If the Notes are guaranteed, the due and punctual payment of principal of, premium, if any, and interest on the Notes payable by the Company
is irrevocably and unconditionally guaranteed, to the extent set forth herein, by each of the Guarantors. 
 SECTION 302.
Denominations. 
 The Notes shall be issuable only in registered form without coupons and only in minimum denominations of $2,000 and
any integral multiple of $1,000 in excess thereof. 
 SECTION 303. Execution, Authentication, Delivery and Dating. 

The Notes shall be executed on behalf of the Company by any two Officers. The signature of any Officer on the Notes may be manual or facsimile
signatures of the present or any future such authorized officer and may be imprinted or otherwise reproduced on the Notes. 
 Notes bearing
the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and
delivery of such Notes or did not hold such offices at the date of such Notes. 
 At any time and from time to time after the execution and
delivery of this Supplemental Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes, and the Trustee in accordance with
such Company Order shall authenticate and deliver such Notes. Such Company Order shall identify the Notes to be authenticated, the date on which the original issue of the Notes is to be authenticated, the number of separate Note certificates, the
principal amount of such Notes to be authenticated, the registered holder of each of the said Notes, and delivery instructions. 
 On the
Issue Date, the Company shall deliver the Initial Notes in the aggregate principal amount of $400,000,000 executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes,
directing the Trustee to authenticate the Notes and certifying that all conditions precedent to the issuance of Notes contained herein have been fully complied with, and the Trustee in accordance with such Company Order shall authenticate and
deliver such Initial Notes. At any time and from time to time after the Issue Date, the Company may deliver Additional Notes executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery
of such Additional Notes, directing the Trustee to authenticate the Additional Notes and certifying that the issuance of such Additional Notes is in compliance with Article Ten hereof and that all other conditions precedent to the issuance of Notes
contained herein have been fully complied with, and the Trustee in accordance with such Company Order shall authenticate and deliver such Additional Notes. In each case, the Trustee shall receive an Officers’ Certificate and an Opinion of
Counsel of the Company that it may reasonably require in connection with such authentication of Notes. Such order shall specify the amount of Notes to be authenticated and the date on which the original issue of Notes is to be authenticated. 

Each Note shall be dated the date of its authentication. 

No Note shall be entitled to any benefit under this Supplemental 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 duly executed by the Trustee by manual signature of an authorized officer, and such certificate upon any Note shall be conclusive evidence, and the only
evidence, that such Note has been duly authenticated and delivered hereunder and is entitled to the benefits of this Supplemental Indenture. 

  
 -33- 

 In case the Company, pursuant to Article Eight, shall be amalgamated, consolidated or merged with
or into any other Person or shall convey, transfer, lease or otherwise dispose of its properties and assets substantially as an entirety to any Person, and the successor Person resulting from such amalgamation or consolidation, or surviving such
merger, or into which the Company shall have been merged, or the Person which shall have received a conveyance, transfer, lease or other disposition as aforesaid, shall have executed a supplemental indenture hereto with the Trustee pursuant to
Article Nine, any of the Notes authenticated or delivered prior to such consolidation, merger, conveyance, transfer, lease or other disposition may, from time to time, at the request of the successor Person, be exchanged for other Notes executed in
the name of the successor Person with such changes in phraseology and form as may be appropriate, but otherwise in substance of like tenor as the Notes surrendered for such exchange and of like principal amount; and the Trustee, upon Company Request
of the successor Person, shall authenticate and deliver Notes as specified in such request for the purpose of such exchange. If Notes shall at any time be authenticated and delivered in any new name of a successor Person pursuant to this Section in
exchange or substitution for or upon registration of transfer of any Notes, such successor Person, at the option of the Holders but without expense to them, shall provide for the exchange of all Notes at the time Outstanding for Notes authenticated
and delivered in such new name. 
 SECTION 304. Temporary Notes. 

In the event Definitive Notes are to be issued pursuant to the terms of this Supplemental Indenture, pending the preparation of Definitive
Notes, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the
tenor of the Definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Notes may determine, as conclusively evidenced by their execution of
such Notes. 
 If temporary Notes are issued, the Company will cause Definitive Notes to be prepared without unreasonable delay. After the
preparation of Definitive Notes, the temporary Notes shall be exchangeable for Definitive Notes upon surrender of the temporary Notes at the office or agency of the Company designated for such purpose pursuant to Section 1002, without charge to
the Holder. Upon surrender for cancellation of any one or more temporary Notes, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Notes of authorized denominations.
Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under this Supplemental Indenture as Definitive Notes. 

SECTION 305. Registration, Paying Agent, Registration of Transfer and Exchange. 

The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any
other office or agency designated pursuant to Section 1002 being herein sometimes referred to as the “Note Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration
of Notes and of transfers of Notes. The Note Register shall be in written form or any other form capable of being converted into written form within a reasonable time. At all reasonable times, the Note Register shall be open to inspection by the
Trustee. The Trustee is hereby initially appointed as note registrar (the “Note Registrar”) for the purpose of registering Notes and transfers of Notes as herein provided and as Paying Agent. The Company may appoint one or more
co-registrars and one or more additional paying agents. The Company may 

  
 -34- 

 
change any Paying Agent or Registrar without prior notice to any Holder; provided, that the Company shall maintain one or more Paying Agents. The Company shall notify the Trustee in
writing of the name and address of any Agent not party to this Supplemental Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company may act as Paying Agent or
Registrar. 
 The Company initially appoints DTC to act as Depositary with respect to the Global Notes. 

Upon surrender for registration of transfer of any Note at the office or agency of the Company designated pursuant to Section 1002, the
Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denomination or denominations of a like aggregate principal amount. 

At the option of the Holder, Notes may be exchanged for other Notes of any authorized denomination and of a like 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 Company shall execute, and the Trustee shall authenticate and deliver, the Notes which the Holder making the exchange is
entitled to receive. 
 All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the
Company, evidencing the same debt, and entitled to the same benefits under this Supplemental Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

Every Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Note Registrar)
be duly endorsed, or be accompanied by written instruments of transfer, in form satisfactory to the Company and the Note Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange or redemption of Notes, but the Company may require payment of a
sum sufficient to cover any taxes, fees or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Notes, other than exchanges pursuant to Sections 304, 906, 1016, 1017 or 1109 not involving any
transfer. 
 Neither the Registrar nor the Company shall be required to register the transfer of or exchange any Note selected for
redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
 SECTION 306. Mutilated, Destroyed,
Lost and Stolen Notes. 
 If (i) any mutilated Note is surrendered to the Trustee, or (ii) the Company and the Trustee receive
evidence to their satisfaction of the destruction, loss or theft of any Note, and there is delivered to the Company and the Trustee such security or indemnity as may be required by them to protect the Trustee, any Agent and the Company from any
loss, then, in the absence of notice to the Company or the Trustee that such Note has been acquired by a bona fide purchaser, the Company shall execute and upon Company Order the Trustee shall authenticate and deliver, in exchange for any such
mutilated Note or in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount, bearing a number not contemporaneously outstanding. 

  
 -35- 

 In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due
and payable, the Company in its discretion may, instead of issuing a new Note, pay such Note. 
 Upon the issuance of any new Note under
this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 Every new Note issued pursuant to this Section in lieu of any mutilated, destroyed, lost or stolen Note shall constitute an original
additional contractual obligation of the Company and shall be entitled to all benefits of this Supplemental Indenture equally and proportionately with any and all other Notes duly issued hereunder. 

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Notes. 
 SECTION 307. Payment of Interest; Interest Rights Preserved.

 Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the
Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 1002;
provided, however, that, subject to Section 301 hereof, each installment of interest may at the Company’s option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person
entitled thereto pursuant to Section 308, to the address of such Person as it appears in the Note Register or (ii) transfer to an account located in the United States maintained by the payee. 

Any interest on any Note which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease
to be payable to the Holder on the Regular Record Date by virtue of having been paid to such Holder, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest
and interest thereon herein collectively called “Defaulted Interest”) may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below: 

(1) The Company may elect to make payment of any Defaulted Interest on the Notes to the Persons in whose names such 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 Company shall notify the Trustee 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 Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of
such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted
Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not
less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date, and in the name and at the expense of the Company, shall cause notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor to be given in the manner provided for in Section 1305, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted
Interest and the 

  
 -36- 

 
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 at the
close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2). 
 (2) The
Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, if, after
notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 

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

SECTION 308. Persons Deemed Owners. 

Prior to the due presentment of a Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name such Note is registered as the owner of such Note for the purpose of receiving payment of principal of (and premium, if any) and (subject to Sections 305 and 307) interest on such Note and for all other purposes
whatsoever, whether or not such Note be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 

SECTION 309. Cancellation. 

All Notes surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee,
be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder. All Notes so delivered shall be promptly cancelled by
the Trustee. If the Company shall so acquire any of the Notes, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are surrendered to the Trustee for
cancellation. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section, except as expressly permitted by this Supplemental Indenture. All cancelled Notes held by the Trustee shall be disposed of
by the Trustee in accordance with its customary procedures. Certification of the destruction of all cancelled Notes shall upon the written request of the Company be delivered to the Company. 

SECTION 310. Computation of Interest. 

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

SECTION 311. Book-Entry and Transfer Provisions. 

(a) Transfer and Exchange of Global Notes. A Global Note may not be transferred except as a whole by the Depositary to a nominee of the
Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Notes will be exchanged by
the Company for Definitive Notes if: 

  
 -37- 

 (1) the Depositary (a) notifies the Company that it is unwilling or unable
to continue as depositary for the Global Notes or (b) has ceased to be a clearing agency registered under the Exchange Act and, in either case, the Company fails to appoint a successor depositary; 

(2) the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Definitive Notes;
or 
 (3) there has occurred and is continuing a Default or Event of Default with respect to the Notes. 

Upon the occurrence of either of the preceding events in (1) or (2) above, Definitive Notes shall be issued in such names as the
Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 304 and 306 hereof. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any
portion thereof, pursuant to this Section 312 or Sections 304 or 306 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this
Section 311(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 311(b) or (c) hereof. 

(b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the Global
Notes will be effected through the Depositary, in accordance with the provisions of this Supplemental Indenture and the Applicable Procedures. None of the Company, the Trustee, Paying Agent, nor any agent of the Company shall have any responsibility
or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Note, or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.
Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 

(1) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Global Note may be transferred
to Persons who take delivery thereof in the form of a beneficial interest in a Global Note. No written orders or instructions shall be required to be delivered to the Note Registrar to effect the transfer described in this Section 311(b)(1).

 (2) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all
transfers and exchanges of beneficial interests that are not subject to Section 311(b)(1) above, the transferor of such beneficial interest must deliver to the Note Registrar either: 

(A) both: 

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

(y) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account
to be credited with such increase; or 

  
 -38- 

 (B) both: 

(x) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable
Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(y) instructions given by the Depositary to the Note Registrar containing information regarding the Person in whose name such
Definitive Note shall be registered to effect the transfer or exchange referred to in (A) above. 
 Upon satisfaction of all of the
requirements for transfer or exchange of beneficial interests in Global Notes contained in this Supplemental Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant
Global Note(s) pursuant to Section 311(g) hereof. 
 (c) Transfer or Exchange of Beneficial Interests for Definitive Notes. If
any holder of a beneficial interest in a Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, then, upon
satisfaction of the conditions set forth in Section 311(b)(2) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 311(g) hereof, and the Company will
execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this
Section 311(c) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Note Registrar from or through the Depositary and the
Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are so registered. 

(d) Transfer and Exchange of Definitive Notes for Beneficial Interests. A Holder of a Definitive Note may exchange such Note for a
beneficial interest in a Global Note or transfer such Definitive Note to a Person who takes delivery thereof in the form of a beneficial interest in a Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee
will cancel the applicable Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Global Notes. 

If any such exchange or transfer from a Definitive Note to a beneficial interest in a Global Note is effected pursuant to this
Section 311(d) at a time when a Global Note has not yet been issued, the Company will issue and, upon receipt of a Company Order in accordance with Section 202 hereof, the Trustee will authenticate one or more Global Notes in an aggregate
principal amount equal to the principal amount of Definitive Notes so transferred. 
 (e) Transfer and Exchange of Definitive Notes for
Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 311(e), the Note Registrar will register the transfer or exchange of Definitive Notes. Prior to such
registration of transfer or exchange, the requesting Holder must present or surrender to the Note Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Note Registrar duly
executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder must provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this
Section 311(e). 

  
 -39- 

 (f) [Reserved]. 

(g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note have been
exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the Trustee in accordance with Section 309
hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Definitive
Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and
if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an endorsement will be
made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 
 (h) General
Provisions Relating to Transfers and Exchanges. 
 (1) To permit registrations of transfers and exchanges, the Company will execute and
the Trustee will authenticate Global Notes and Definitive Notes upon receipt of a Company Order in accordance with Section 202 hereof or at the Note Registrar’s request. 

(2) No service charge will be made to a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge
payable upon exchange or transfer pursuant to Sections 304, 906, 1016, 1017 and 1109 hereof. 
 (3) The Note Registrar will not be required
to register the transfer of or exchange of any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

(4) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange of Global Notes or Definitive Notes will be the
valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Supplemental Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange. 

(5) Neither the Note Registrar nor the Company will be required: 

(A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business 15 days
before the mailing of a notice of redemption of Notes for redemption under Section 1105 hereof and ending at the close of business on the day of such mailing; 

(B) to register the transfer of or to exchange any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part; or 
 (C) to register the transfer of or to exchange a Note between a record date
and the next succeeding interest payment date. 

  
 -40- 

 (6) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any
Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of the
Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (7) The Trustee will authenticate Global Notes and
Definitive Notes in accordance with the provisions of Section 202 hereof. 
 (8) All certifications and certificates required to be
submitted to the Note Registrar pursuant to this Section 311 to effect a registration of transfer or exchange may be submitted by facsimile. 

(9) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary Participants or beneficial owners of interests in any Global Note) other than to require
delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine compliance as to form with the express
requirements hereof. 
 (10) Neither the Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the
Depositary. 
 SECTION 312. CUSIP Numbers. 

The Company in issuing the Notes may use “CUSIP,” “ISIN” or other numbers (if then generally in use) in addition to serial
numbers, and, if so, the Trustee shall use such “CUSIP,” “ISIN” or other numbers in addition to serial numbers in notices of redemption, repurchase or other notices to Holders as a convenience to Holders; provided that any
such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption or repurchase and that reliance may be placed only on the serial or other
identification numbers printed on the Notes, and any such redemption or repurchase shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the CUSIP, ISIN or other
numbers. 
 SECTION 313. Issuance of Additional Notes. 

The Company may, subject to Section 1011 of this Supplemental Indenture, issue from time to time, without notice to or consent of the
Holders additional Notes having identical terms and conditions to the Initial Notes, other than with respect to the date of issuance and issue price and first payment of interest (the “Additional Notes”). The Initial Notes and any
Additional Notes subsequently issued shall be treated as a single class for all purposes under this Supplemental Indenture. 
 With respect
to any Additional Notes, the Company shall set forth in an Officers’ Certificate pursuant to a resolution of the Board of Directors of the Company, copies of which shall be delivered to the Trustee, the following information: 

(1) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Supplemental
Indenture; and 
 (2) the issue price, the issue date and the CUSIP number of such Additional Notes. 

  
 -41- 

 ARTICLE FOUR 

SATISFACTION AND DISCHARGE 

Each of Sections 12.02 and 12.07 of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except
as described in, and to the extent of, this Article Four. 
 SECTION 401. Satisfaction and Discharge of Indenture. 

This Supplemental Indenture shall upon Company Request be discharged and will cease to be of further effect as to the Notes issued hereunder
(except as to surviving rights of registration of transfer or exchange of Notes expressly provided for herein or pursuant hereto) and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and
discharge of this Supplemental Indenture when: 
 (1) either 

(a) all Notes theretofore authenticated and delivered (other than (i) Notes which have been destroyed, lost or stolen and
which have been replaced or paid as provided in Section 306 and (ii) Notes for whose payment money has theretofore been deposited in trust with the Trustee or any Paying Agent or segregated and held in trust by the Company and thereafter
repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 

(b) all such Notes not theretofore delivered to the Trustee for cancellation 

(i) have become due and payable by reason of the making of a notice of redemption pursuant to Section 1106 or otherwise,
or 
 (ii) will become due and payable at their Stated Maturity within one year, or 

(iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice
of redemption by the Trustee in the name, and at the expense, of the Company, 
 and the Company, in the case of (i), (ii) or
(iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, Government Securities, or a combination thereof, in such amounts as will be
sufficient without consideration of any reinvestment of interest to pay and discharge the entire indebtedness on such Notes not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and accrued interest to the
Stated Maturity or the Redemption Date, as the case may be; 
 (2) no Default or Event of Default with respect to the
Outstanding Notes (other than that resulting from borrowing funds to be applied to make such deposit or the granting of Liens in connection therewith) shall have occurred and be continuing on the date of such deposit or shall occur as a result of
such deposit and such deposit shall not result in a breach or violation of, or constitute a default under, any other instrument to which the Company is a party or by which the Company is bound (other than an instrument to be terminated
contemporaneously with or prior to the borrowing of funds to be applied to make such deposit and the granting of Liens in connection therewith); 

  
 -42- 

 (3) the Company has paid or caused to be paid all sums payable by it under this
Supplemental Indenture with respect to the Notes; 
 (4) the Company has delivered irrevocable instructions to the Trustee
under this Supplemental Indenture to apply the deposited money toward the payment of such Notes at the Stated Maturity or the Redemption Date, as the case may be; and 

(5) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein to the satisfaction and discharge of this Supplemental Indenture have been complied with. 
 Notwithstanding the
satisfaction and discharge of this Supplemental Indenture, the obligations of the Company to the Trustee under Section 607, the obligations of the Company to any Authenticating Agent under Section 612 and, if money or Government Securities
shall have been deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive such satisfaction and
discharge. 
 SECTION 402. Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 1003, all money or Government Securities deposited with the Trustee pursuant to
Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Supplemental Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying
Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money or Government Securities has been deposited with the Trustee; but such money or Government
Securities need not be segregated from other funds except to the extent required by law. 
 If the Trustee or Paying Agent is unable to
apply any money or Government Securities in accordance with Section 401 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 Company’s obligations under this Supplemental Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 401 until such time as the Trustee or Paying Agent is permitted to
apply all such money or Government Securities in accordance with Section 401; provided that if the Company has made any payment of principal of, premium, if any, or interest on any Notes because of the reinstatement of its obligations,
the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 

ARTICLE FIVE 
 REMEDIES

 Article VII of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as
described in, and to the extent of, this Article Five. 

  
 -43- 

 SECTION 501. Events of Default. 

“Event of Default,” wherever used herein, means one of the following events with respect to the Notes (whatever the reason for such
Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

(1) default in payment when due and payable, upon redemption, acceleration or otherwise, of principal of, or premium, if any,
on the Notes issued under this Supplemental Indenture; 
 (2) default for 30 days or more in the payment when due of interest
on or with respect to the Notes issued under this Supplemental Indenture; 
 (3) failure by the Company for 60 days after
receipt of written notice given by the Trustee or the Holders of at least 25% in principal amount of the Notes then outstanding and issued under the Indenture to comply with any of its other agreements in the Indenture or the Notes; 

(4) default under any mortgage, indenture or instrument under which there is issued or by which there is secured or evidenced
any Indebtedness for money borrowed by the Company or any Restricted Subsidiary or the payment of which is guaranteed by the Company or any Restricted Subsidiary, other than Indebtedness owed to the Company or a Restricted Subsidiary, whether such
Indebtedness or guarantee now exists or is created after the issuance of the Notes, if both 
 (A) such default either
(x) results from the failure to pay any such Indebtedness at its stated final maturity (after giving effect to any applicable grace periods) or (y) relates to an obligation other than the obligation to pay principal of any such
Indebtedness at its stated final maturity and results in the holder or holders of such Indebtedness causing such Indebtedness to become due prior to its stated maturity; and 

(B) the principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in default for
failure to pay principal at stated final maturity (after giving effect to any applicable grace periods), or the maturity of which has been so accelerated, aggregate $50.0 million or more at any one time outstanding; 

(5) failure by the Company or any Significant Subsidiary to pay final judgments aggregating in excess of $50.0 million, which
final judgments remain unpaid, undischarged and unstayed for a period of more than 60 days after such judgment becomes final, and in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon
such judgment or decree which is not promptly stayed; or 
 (6) any of the following events with respect to the Company or
any Significant Subsidiary: 
 (A) the Company or any Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law 
 (i) commences a voluntary case; 

  
 -44- 

 (ii) consents to the entry of an order for relief against it in an involuntary
case; 
 (iii) consents to the appointment of a custodian of it or for any substantial part of its property; 

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

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

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

(ii) appoints a custodian of the Company or any Significant Subsidiary or for any substantial part of its property; or 

(iii) orders the winding up or liquidation of the Company or any Significant Subsidiary; 

(iv) and the order or decree remains undischarged, unstayed or unremedied and in effect for 60 consecutive days. 

SECTION 502. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default (other than an Event of Default specified in Section 501(6) above) with respect to the Notes occurs and is
continuing, then and in every such case the Trustee or the Holders of at least 25% in principal amount of the Outstanding Notes issued under the Indenture may declare the principal, premium, if any, interest and any other monetary obligations on all
the Outstanding Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders). 

Upon the effectiveness of such declaration, such principal and interest will be due and payable immediately. Notwithstanding the foregoing, if
an Event of Default specified in Section 501(6) above occurs and is continuing, then the principal amount of all Outstanding Notes shall ipso facto become and be immediately due and payable without any notice, declaration or other act on the
part of the Trustee or any Holder. 
 At any time after a declaration of acceleration has been made and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter provided in this Article, the Holders of a majority in aggregate principal amount of the Outstanding Notes by written notice to the Company and the Trustee, may rescind and
annul such declaration and its consequences except a continuing Default or Event of Default in the payment of interest on, premium, if any, or the principal of any such Note held by a non-consenting Holder. No such rescission shall affect any
subsequent default or impair any right consequent thereon. 
 Notwithstanding the preceding paragraph, in the event of any Event of Default
specified in Section 501(4) above with respect to the Notes, such Event of Default and all consequences thereof (excluding any resulting payment default, other than as a result of the acceleration of the Notes) shall be annulled, waived and
rescinded, automatically and without any action by the Trustee or the Holders, if within 20 days after such Event of Default arose, 

  
 -45- 

 (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) if the default that is the basis for such Event of Default has been
cured. 
 SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if an Event of Default specified in Section 501(1) or 501(2) hereof occurs and is continuing with respect to
the Notes, the Company will, upon demand of the Trustee, pay to the Trustee for the benefit of the Holders of such Notes, the whole amount then due and payable on such Notes for principal (and premium, if any) and interest, and interest on any
overdue principal (and premium, if any) and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installment of interest, at the rate borne by such Notes, and, in addition thereto, such further amount as shall
be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon the Notes and collect the moneys
adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Notes, wherever situated. 

If an Event of Default occurs and is continuing with respect to the Notes, the Trustee may in its discretion proceed to protect and enforce
its rights and the rights of the Holders under the Indenture and the Note Guarantees by such appropriate judicial proceedings as the Trustee shall deem necessary to protect and enforce any such rights whether for the specific enforcement of any
covenant or agreement in the Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

SECTION 504. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Company or any other obligor, upon the Notes or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Notes shall then be due and
payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal, premium, if any, or interest) shall be entitled and empowered, by
intervention in such proceeding or otherwise, 
 (i) to file and prove a claim for the whole amount of principal (and
premium, if any) and interest owing and unpaid in respect of the Notes and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and 

  
 -46- 

 (ii) to collect and receive any moneys or other property payable or deliverable
on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official in any such
judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay the Trustee any amount due it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee hereunder. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any
plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

SECTION 505. Trustee May Enforce Claims Without Possession of Notes. 

All rights of action and claims under the Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of
the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for
the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recovered. 

SECTION 506. Application of Money Collected. 

Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee
and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

FIRST: To the payment of all amounts due the Trustee (in its capacity as Trustee, Paying Agent and/or Note Registrar, as
applicable) under Section 607; 
 SECOND: To the payment of the amounts then due and unpaid for principal of (and
premium, if any) and interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes for principal (and
premium, if any) and interest, respectively; and 
 THIRD: The balance, if any, to the Company or any other obligor on
the Notes, as their interests may appear or as a court of competent jurisdiction may direct in writing; provided that all sums due and owing to the Holders and the Trustee have been paid in full as required by this Supplemental Indenture.

 SECTION 507. Limitation on Suits. 

No Holder of any Notes shall have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

  
 -47- 

 (1) such Holder has previously given written notice to the Trustee of a
continuing Event of Default; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding Notes shall have
made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered to the Trustee indemnity reasonably satisfactory to it against the costs, expenses and
liabilities to be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute any such proceeding; and 
 (5) no direction inconsistent with such
written request has been given to the Trustee during such 60-day period by the Holders of a majority or more in principal amount of the Outstanding Notes; 

it being understood and intended that no one or more Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of the
Indenture or the Note Guarantees to affect, disturb or prejudice the rights of any other Holders, or to obtain or to seek to obtain priority or preference over any other Holders or to enforce any right under the Indenture or the Note Guarantees,
except in the manner herein provided and for the equal and ratable benefit of all the Holders (it being further understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly
prejudicial to such Holders). 
 SECTION 508. Unconditional Right of Holders To Receive Principal, Premium and Interest. 

Notwithstanding any other provision in the Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to
receive payment, as provided herein (including, if applicable, Article Eleven) and in such Note of the principal of (and premium, if any) and (subject to Section 307) interest on such Note on the respective Stated Maturities expressed in such
Note (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

SECTION 509. Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under the Indenture or the Note Guarantees and such
proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, any other obligor of the
Notes, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted. 
 SECTION 510. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in the last paragraph of
Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other appropriate right or remedy. 

  
 -48- 

 SECTION 511. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Note to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often
as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 SECTION 512. Control by Holders. 

The Holders of not less than a majority in principal amount of the Outstanding Notes shall have the right to direct the time, method and place
of conducting any proceeding for exercising any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, provided that: 

(1) such direction shall not be in conflict with any rule of law or with the Indenture, 

(2) subject to Section 315 of the Trust Indenture Act, the Trustee may take any other action deemed proper by the Trustee
which is not inconsistent with such direction, and 
 (3) the Trustee need not take any action which might involve it in
personal liability or be unjustly prejudicial to the Holders not consenting. 
 SECTION 513. Waiver of Past Defaults. 

Subject to Sections 502, 508 and 902, the Holders of not less than a majority in principal amount of the Outstanding Notes may on behalf of the
Holders of all such Notes waive any past Default hereunder and its consequences, except a continuing Default or Event of Default (1) in respect of the payment of interest on, premium, if any, or the principal of any such Note held by a
non-consenting Holder, or (2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Note affected. 

Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for
every purpose of the Indenture, but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. 

SECTION 514. Waiver of Stay or Extension Laws. 

Each of the Company and any other obligor on the Notes covenants (to the extent that it may lawfully do so) that it will not at any time insist
upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of the Indenture; and each of
the Company and any other obligor on the Notes (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

  
 -49- 

 ARTICLE SIX 

THE TRUSTEE 
 Article XI
of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and to the extent of, this Article Six. 

SECTION 601. Duties of the Trustee. 

(a) Except during the continuance of a Default or an Event of Default, 

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

(2) in the absence of bad faith or willful misconduct on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Supplemental Indenture; but in the case of any such certificates or opinions
specifically required by any provision hereof to be provided to it, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Supplemental Indenture, but not to verify the contents
thereof. 
 (b) In case a Default or an Event of Default has occurred and is continuing of which a Responsible Officer of the Trustee has
actual knowledge or of which written notice of such Default or Event of Default shall have been given to the Trustee by the Company, any other obligor of the Notes or by any Holder, the Trustee shall exercise such of the rights and powers vested in
it by this Supplemental Indenture, and use the same degree of care and skill in their exercise, as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 

(c) No provision of this Supplemental Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that 
 (1) this paragraph (c) shall not be construed to
limit the effect of paragraph (a) of this Section; 
 (2) the Trustee shall not be liable for any error of judgment made
in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in aggregate principal amount of the Outstanding Notes relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred upon the Trustee, under this Supplemental Indenture; and 
 (4) no provision of this Supplemental Indenture shall
require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing
that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

  
 -50- 

 (d) Whether or not therein expressly so provided, every provision of this
Supplemental Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

SECTION 602. Notice of Defaults. 

Within thirty days after the earlier of receipt from the Company of notice of the occurrence of any Default or Event of Default hereunder or
the date when such Default or Event of Default becomes known to the Trustee, the Trustee shall transmit, in the manner and to the extent provided in TIA Section 313(c), notice of such Default or Event of Default hereunder known to the Trustee,
unless such Default or Event of Default shall have been cured or waived; provided, however, that, except in the case of a Default or Event of Default in the payment of the principal of (or premium, if any, on) or interest on any Note,
the Trustee shall be protected in withholding such notice if and so long it in good faith determine that the withholding of such notice is in the interest of the Holders. 

SECTION 603. Certain Rights of Trustee. 

Subject to the provisions of TIA Sections 315(a) through 315(d): 

(1) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document (whether in original or facsimile form) believed by it to be genuine
and to have been signed or presented by the proper party or parties; 
 (2) any request or direction of the Company mentioned
herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 

(3) whenever in the administration of this Supplemental Indenture the Trustee shall deem it desirable that a matter be proved
or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate; 

(4) the Trustee may consult with counsel of its own selection and the advice of such counsel or any Opinion of Counsel with
respect to legal matters relating to this Supplemental Indenture and the Notes shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(5) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Supplemental
Indenture at the request or direction of any of the Holders pursuant to this Supplemental Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses, losses and
liabilities which might be incurred by it in compliance with such request or direction; 

  
 -51- 

 (6) the Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the
Company, personally or by agent or attorney at the expense of the Company and shall incur no liability of any kind by reason of such inquiry or investigation; 

(7) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(8) the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this Supplemental Indenture; 
 (9) 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; 
 (10) the Trustee may request that the Company deliver an
Officers’ Certificate substantially in the Form of Exhibit B hereto setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Supplemental Indenture, which
Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded; 

(11) in no event shall the Trustee be responsible or liable for special, indirect, 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; and 

(12) the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties
hereunder. 
 The Trustee shall not be required to expend or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. 
 The Trustee shall not be deemed to have notice or knowledge of any Default or Event of Default unless a Responsible
Officer of the Trustee has received written notice of any event which is in fact such a Default or Event of Default at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Supplemental Indenture. 

SECTION 604. Trustee Not Responsible for Recitals or Issuance of Notes. 

The recitals contained herein and in the Notes, except for the Trustee’s certificates of authentication, shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or of the Notes, except that the Trustee represents that it is
duly authorized to execute 

  
 -52- 

 
and deliver this Supplemental Indenture, authenticate the Notes and perform its obligations hereunder and that the statements made by it in a “Statement of Eligibility” on Form T-1
supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Trustee shall not be accountable for the use or application by the Company of Notes or the proceeds thereof. 

SECTION 605. May Hold Notes. 

The Trustee, any Paying Agent, any Note Registrar or any other agent of the Company or of the Trustee, in its individual or any other capacity,
may become the owner or pledgee of Notes and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Company with the same rights it would have if it were not the Trustee, Paying Agent, Note Registrar or such other agent;
provided, however, that, if it acquires any conflicting interest, it must eliminate such conflict within 90 days, apply to the Commission for permission to continue or resign. 

SECTION 606. Money Held in Trust. 

Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. 
 SECTION
607. Compensation and Reimbursement. 
 The Company agrees: 

(1) to pay to the Trustee from time to time such compensation as shall be agreed in writing between the Company and the Trustee
for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with any provision of this Supplemental Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense,
disbursement or advance as shall be determined to have been caused by its own negligence or willful misconduct; and 
 (3) to
indemnify the Trustee and its officers, directors, agents and employees and any predecessor Trustee for, and to hold it harmless against, any and all loss, liability, claim, damage or expense, including taxes (other than the taxes based on the
income of the Trustee) incurred without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim
regardless of whether the claim is asserted by the Company, a Holder or any other Person or liability in connection with the exercise or performance of any of its powers or duties hereunder. The Trustee will notify the Company promptly of any claim
for which it may seek indemnity. Failure by the Trustee to so notify the Company will not relieve the Company of its obligations hereunder. The Company will defend the claim and the Trustee will cooperate in the defense. The Trustee shall have the
right to employ separate counsel at the expense of the Company if in the judgment of the Trustee (i) a conflict of interest exists by reason of common representation, (ii) there are legal defenses available to the Trustee that are
different from or in addition to those available to the Company or (iii) if all parties commonly represented do not agree to the action (or inaction) of counsel. The Company need not pay for any settlement made without its consent, which
consent will not be unreasonably withheld. The Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful misconduct or negligence. 

  
 -53- 

 The obligations of the Company under this Section to compensate the Trustee, to pay or reimburse
the Trustee for expenses, disbursements and advances and to indemnify and hold harmless the Trustee shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Supplemental Indenture and resignation or
removal of the Trustee. As security for the performance of such obligations of the Company, the Trustee shall have a claim prior to the Notes upon all property and funds held or collected by the Trustee as such, except funds held in trust for the
payment of principal of (and premium, if any) or interest on particular Notes. 
 When the Trustee incurs expenses or renders services in
connection with an Event of Default specified in Section 501(6), the expenses (including the reasonable charges and expenses of its counsel) of and the compensation for such services are intended to constitute expenses of administration under
any applicable Federal or State bankruptcy, insolvency or other similar law. 
 The provisions of this Section shall survive the termination
of this Supplemental Indenture, the resignation or removal of the Trustee and the satisfaction and discharge of this Supplemental Indenture. 

SECTION 608. Corporate Trustee Required; Eligibility. 

There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Sections 310(a)(1), (2) and
(5) and shall have a combined capital and surplus of at least $150,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of Federal, State, territorial or District of Columbia
supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.
If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

SECTION 609. Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until
the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 610. 
 (b) The Trustee
may resign at any time by giving written notice thereof to the Company. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument executed by authority of the Board of Directors, a copy
of which shall be delivered to the resigning Trustee and a copy to the successor trustee. If the instrument of acceptance by a successor Trustee required by Section 610 shall not have been delivered to the Trustee within 30 days after the
giving of such notice of resignation, the resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee. 

(c) The Trustee may be removed at any time by Act of the Holders of not less than a majority in principal amount of Outstanding Notes,
delivered to the Trustee and to the Company. If the instrument of acceptance by a successor Trustee required by Section 610 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the
resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee. 

  
 -54- 

 (d) If at any time: 

(1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written request therefor by the
Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or 
 (2) the Trustee shall cease
to be eligible under Section 608 and shall fail to resign after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or 

(3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or
of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (i) the Company, by a Board Resolution, may remove the Trustee, or (ii) subject to TIA Section 315(e), any Holder who
has been a bona fide Holder of a Note for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause,
the Company shall promptly appoint a successor Trustee. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee shall be appointed by Act of the Holders of a majority in principal
amount of the Outstanding Notes delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee and supersede the successor Trustee
appointed by the Company. If no successor Trustee shall have been so appointed by the Company or the Holders and accepted appointment in the manner hereinafter provided, the Trustee or any Holder who has been a bona fide Holder of a Note for at
least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(f) The Company shall give notice of each resignation and each removal of the Trustee and each appointment of a successor Trustee to the
Holders in the manner provided for in Section 1305. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 

SECTION 610. Acceptance of Appointment by Successor. 

(a) Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument
accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and
duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and
trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. Upon request of any such successor Trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts. The retiring Trustee shall have no responsibility or liability for the action or inaction of any successor Trustee. 

  
 -55- 

 (b) Upon request of any such successor Trustee, the Company shall execute any and all instruments
for more fully and certainly vesting in and confirming to such successor Trustee all rights, powers and trusts referred to in paragraph (a) of this Section. 

(c) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 SECTION 611. Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided
such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Trustee had
itself authenticated such Notes. In case at that time any of the Notes shall not have been authenticated, any successor Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor Trustee. In
all such cases such certificates shall have the full force and effect which this Supplemental Indenture provides for the certificate of authentication of the Trustee shall have; provided, however, that the right to adopt the
certificate of authentication of any predecessor Trustee or to authenticate Notes in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

SECTION 612. Appointment of Authenticating Agent. 

At any time when any of the Notes remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to the Notes which
shall be authorized to act on behalf of the Trustee to authenticate Notes and the Trustee shall give written notice of such appointment to all Holders of Notes with respect to which such Authenticating Agent will serve, in the manner provided for in
Section 1305. Notes so authenticated shall be entitled to the benefits of this Supplemental Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an
instrument in writing signed by a Responsible Officer of the Trustee, and a copy of such instrument shall be promptly furnished to the Company. Wherever reference is made in this Supplemental Indenture to the authentication and delivery of Notes by
the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the
Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any state thereof or the District
of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $150,000,000 and subject to supervision or examination by Federal or state authority. If such corporation publishes
reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and
with the effect specified in this Section. 

  
 -56- 

 Any corporation into which an Authenticating Agent may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all the corporate agency or corporate trust
business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the
Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and
to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or
in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give written
notice of such appointment to all Holders of Notes, in the manner provided for in Section 1305. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its
predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 

The Company agrees to pay to each Authenticating Agent from time to time such compensation for its services under this Section as shall be
agreed in writing between the Company and such Authenticating Agent. 
 If an appointment is made pursuant to this Section, the Notes may
have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

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

 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	[             ], as Authenticating Agent
		
	By:	 	 
		 	as Authorized Signatory

 SECTION 613. Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; 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. 

  
 -57- 

 ARTICLE SEVEN 

HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY 

Article X of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and
to the extent of, this Article Seven. 
 SECTION 701. Company To Furnish Trustee Names and Addresses. 

The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
all Holders and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company will 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 the Holders of Notes and the Company shall otherwise comply with TIA § 312(a). 

SECTION 702. Disclosure of Names and Addresses of Holders. 

Every Holder of Notes, by receiving and holding the same, agrees with the Company and the Trustee that none of the Company or the Trustee or
any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with TIA Section 312, regardless of the source from which such information was
derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA Section 312(b). 

SECTION 703. Reports by Trustee. 

Within 60 days after May 15 of each year commencing with the first May 15 after the first issuance of Notes pursuant to this
Supplemental Indenture, the Trustee shall transmit to the Holders of Notes (with a copy to the Company at the Place of Payment), in the manner and to the extent provided in TIA Section 313(c), a brief report dated as of such May 15 if
required by TIA Section 313(a). 
 ARTICLE EIGHT 

AMALGAMATION, MERGER, CONSOLIDATION OR 

SALE OF ALL OR SUBSTANTIALLY ALL ASSETS 

Section 6.04 of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described
in, and to the extent of, this Article Eight. 
 SECTION 801. Company May Consolidate, Etc., Only on Certain Terms. 

The Company may not consolidate, amalgamate or merge with or into or wind up into (whether or not the Company 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: 

(1) the Company is the surviving corporation or the Person formed by or surviving any such consolidation, amalgamation or
merger (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a Person organized or existing under the laws of a Permitted Jurisdiction (such Person, as the case may be,
being herein called the “Successor Company”); 

  
 -58- 

 (2) the Successor Company, if other than the Company, expressly assumes all the
obligations of the Company under this Supplemental Indenture and the Notes pursuant to supplemental indentures or other documents or instruments in form reasonably satisfactory to the Trustee; 

(3) immediately after such transaction no Default or Event of Default exists; 

(4) immediately after giving pro forma effect to such transaction, as if such transaction had occurred at the beginning
of the applicable four-quarter period, 
 (A) the Successor Company would be permitted to incur at least $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 1011(a) or 
 (B) the Fixed Charge
Coverage Ratio for the Successor Company and the Restricted Subsidiaries would be greater than such ratio for the Company and the Restricted Subsidiaries immediately prior to such transaction; and 

(5) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
such consolidation, amalgamation, merger or transfer and such supplemental indentures, if any, comply with this Supplemental Indenture and, if a supplemental indenture is required in connection with such transaction, such supplement shall comply
with the applicable provisions of this Supplemental Indenture. 
 The Successor Company shall succeed to, and be substituted for the Company
under this Supplemental Indenture and the Notes. Notwithstanding the foregoing clauses (3) and (4), 
 (a) any
Restricted Subsidiary may consolidate with, amalgamate or merge into or transfer all or part of its properties and assets to the Company; and 

(b) the Company may amalgamate or merge with an Affiliate incorporated solely for the purpose of reincorporating the Company in
any Permitted Jurisdiction so long as the amount of Indebtedness of the Company and the Restricted Subsidiaries is not increased thereby. 

SECTION 802. Successor Substituted. 

Upon any consolidation, amalgamation or merger, or any sale, assignment, conveyance, transfer, lease or disposition of all or substantially all
of the assets of the Company in accordance with Sections 801 hereof, the successor Person formed by such consolidation or into which the Company, as the case may be, is amalgamated or merged or the successor Person to which such sale, assignment,
conveyance, transfer, lease or disposition is made, shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Supplemental Indenture and/or the Note Guarantees, as the case may be, with the same
effect as if such successor Person had been named as the Company herein and/or the Note Guarantees, as the case may be. When a successor Person assumes all obligations of its predecessor hereunder, the Notes, as the case may be, such predecessor
shall be released from all obligations; provided that in the event of a transfer or lease, the predecessor shall not be released from the payment of principal and interest or other obligations on the Notes or the Note Guarantees, as the case
may be. 

  
 -59- 

 ARTICLE NINE 

SUPPLEMENTAL INDENTURES 

Article XIV of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and
to the extent of, this Article Nine. 
 SECTION 901. Amendments or Supplements Without Consent of Holders. 

Without the consent of any Holders of Notes, the Company and the Trustee, at any time and from time to time, may amend or supplement the Base
Indenture (as it relates to the Notes), this Supplemental Indenture or the Notes for any of the following purposes: 
 (1) to
cure any ambiguity, omission, mistake, defect or inconsistency; 
 (2) to provide for uncertificated Notes in addition to or
in place of certificated Notes; 
 (3) to comply with Article Eight hereof; 

(4) to provide for the assumption of the Company’s obligations to Holders; 

(5) to make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect
the rights under the Base Indenture or this Supplemental Indenture of any such Holder; 
 (6) to add covenants for the
benefit of the Holders or to surrender any right or power, conferred in the Base Indenture (as it relates to the Notes) or this Supplemental Indenture, upon the Company; 

(7) to comply with requirements of the Commission in order to effect or maintain the qualification of the Base Indenture (as it
relates to the Notes) and this Supplemental Indenture under the Trust Indenture Act; 
 (8) to evidence and provide for the
acceptance and appointment under this Supplemental Indenture of a successor Trustee pursuant to the requirements of Sections 609 and 610; 

(9) to add guarantees of the Notes under this Supplemental Indenture in accordance with the terms of this Supplemental
Indenture; or 
 (10) to conform the text of this Supplemental Indenture or the Notes to any provision of the
“Description of the Notes” section of the Prospectus to the extent that such provision in the “Description of the Notes” was intended to be a verbatim recitation of a provision of this Supplemental Indenture or the Notes as
evidenced in an Officers’ Certificate. 
 SECTION 902. Amendments, Supplements or Waivers with Consent of Holders. 

With the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes, by Act of such Holders delivered to
the Company and the Trustee, the Company and the Trustee may amend or supplement the Base Indenture (as it relates to the Notes), this Supplemental Indenture, any Note Guarantee or the Notes for the purpose of adding any provisions hereto or
thereto, changing in any manner or eliminating any of the provisions or of modifying in any manner the rights of 

  
 -60- 

 
the Holders hereunder or thereunder and any existing Default, Event of Default or compliance with any provision of the Base Indenture (as it relates to the Notes), this Supplemental Indenture or
the Notes may be waived with the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes (including, without limitation, consents obtained in connection with a purchase of or tender offer or exchange offer for
Notes); provided, however, that no such amendment, supplement or waiver shall, without the consent of the Holder of each Outstanding Note affected thereby: 

(1) reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver, 

(2) reduce the principal of or change the Maturity of any such Note or alter or waive the provisions with respect to the
redemption of the Notes (other than Sections 1016 and 1017), 
 (3) reduce the rate of or change the time for payment of
interest on any Note, 
 (4) waive a Default or Event of Default in the payment of principal of or premium, if any, or
interest on the Notes issued under this Supplemental Indenture, except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of such Notes and a waiver of the payment default that resulted from
such acceleration, or in respect of a covenant or provision contained in the Base Indenture (as it relates to the Notes) or this Supplemental Indenture which cannot be amended or modified without the consent of all Holders, 

(5) make any Note payable in money other than that stated in the Notes, 

(6) make any change in Section 513 or the rights of Holders to receive payments of principal of or premium, if any, or
interest on the Notes, 
 (7) make any change in these amendment and waiver provisions with respect to Notes, 

(8) impair the right of any Holder to receive payment of principal of, or interest on such Holder’s Notes on or after the
due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Notes, or 

(9) make any change to or modify the ranking of the Notes that would adversely affect the Holders. 

It is not necessary for the consent of the Holders of the Notes under this Section 902 to approve the particular form of any proposed
amendment, but it is sufficient if such consent approves the substance thereof. 
 SECTION 903. Execution of Amendments, Supplements or
Waivers. 
 In executing, or accepting the additional trusts created by any amendment, supplement or waiver permitted by this Article or
the modifications thereby of the trusts created by this Supplemental Indenture, the Trustee shall be provided with, and shall be fully protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that the execution of such
amendment, supplement or waiver is authorized or permitted by this Supplemental Indenture and that such amendment, supplement or waiver constitutes the legal, valid, binding and enforceable obligations of the parties (other than the Trustee) signing
such amendment. The Trustee may, but shall not be obligated to, enter into any such amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Supplemental Indenture or otherwise. 

  
 -61- 

 SECTION 904. Effect of Amendments, Supplements or Waivers. 

Upon the execution of any supplemental indenture under this Article, this Supplemental Indenture shall be modified in accordance therewith, and
such amendment, supplement or waiver shall form a part of this Supplemental Indenture for all purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

SECTION 905. Conformity with Trust Indenture Act. 

Every supplemental indenture executed pursuant to the Article shall conform to the requirements of the Trust Indenture Act as then in effect.

 SECTION 906. Reference in Notes to Supplemental Indentures. 

Notes authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the
Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and the Company, to any such
supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Notes. Failure to make the appropriate notation or issue a new Note will not affect the validity and effect
of such amendment, supplement or waiver. 
 SECTION 907. Notice of Supplemental Indentures. 

Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of Section 902, the
Company shall give notice thereof to the Holders of each Outstanding Note affected, in the manner provided for in Section 1305, briefly setting forth in general terms the substance of such supplemental indenture. Any failure of the Company to
mail such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver. 

SECTION 908. Payment for Consent. 

Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way
of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of the Base Indenture (as it relates to the Notes), this Supplemental Indenture or the Notes unless such
consideration is offered to all Holders and is paid to all Holders that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement. 

ARTICLE TEN 
 COVENANTS

 Article VI of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described
in, and to the extent of, this Article Ten. 

  
 -62- 

 SECTION 1001. Payment of Principal, Premium, if Any, and Interest. 

The Company covenants and agrees for the benefit of the Holders that it will duly and punctually pay the principal of (and premium, if any) and
interest on the Notes in accordance with the terms of such Notes and this Supplemental Indenture. 
 SECTION 1002. Maintenance of Office
or Agency. 
 The Company will maintain in the continental United States, an office or agency where Notes may be presented or surrendered
for payment, where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and this Supplemental Indenture may be served. The designated office of the Trustee
shall be such office or agency of the Company, unless the Company shall designate and maintain some other office or agency for one or more of such purposes. The Company will give prompt written notice to the Trustee of any change in the location of
any such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served
at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any
or all such purposes and may from time to time rescind any such designation; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the
Continental United States for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and any change in the location of any such other office or agency. 

SECTION 1003. Money for Notes Payments To Be Held in Trust. 

If the Company or a Wholly-Owned Subsidiary of the Company shall at any time act as its own Paying Agent, it will, on or before each due date
of the principal of (or premium, if any) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal of (or premium, if any) or interest so becoming due until
such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

Whenever the Company shall have one or more Paying Agents for the Notes, it will, on or before each due date of the principal of (or premium,
if any) or interest on any Notes, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or
interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of such action or any failure so to act. 

The Company will cause each Paying Agent (other than the Trustee) to execute and deliver to the Trustee an instrument in which such Paying
Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 
 (1) hold all
sums held by it for the payment of the principal of (and premium, if any) or interest on Notes in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 

  
 -63- 

 (2) give the Trustee notice of any default by the Company (or any other obligor
upon the Notes) in the making of any payment of principal (and premium, if any) or interest; and 
 (3) at any time during
the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 

The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Supplemental Indenture or for any other
purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the
Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such sums. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (or
premium, if any) or interest on any Note and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged
from such trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability
of the Company as Trustee thereof, shall thereupon cease. 
 SECTION 1004. Corporate Existence. 

Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence and that of each Restricted Subsidiary and the corporate rights (charter and statutory) and franchises of the Company and each Restricted Subsidiary; provided, however, that the Company shall not be required to
preserve any such right or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries as a whole. 

SECTION 1005. Payment of Taxes and Other Claims. 

The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (a) all material taxes,
assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary and (b) all material lawful claims for labor, materials and supplies, which, if
unpaid, might by law become a lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or
claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings and for which appropriate reserves, if necessary (in the good faith judgment of management of the Company) are being maintained in accordance
with GAAP. 
 SECTION 1006. Maintenance of Properties. 

The Company will cause all properties owned by the Company or any Restricted Subsidiary or used or held for use in the conduct of its business
or the business of any Restricted Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in this
Section shall prevent the Company from discontinuing the maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any Restricted Subsidiary. 

  
 -64- 

 SECTION 1007. Insurance. 

(a) The Company will at all times keep all of its and its Subsidiaries’ properties which are of an insurable nature insured with insurers,
believed by the Company to be responsible (including, to the extent consistent with past practice, self-insurance), against loss or damage to the extent that property of similar character is usually so insured by corporations similarly situated and
owning like properties. 
 (b) In connection with the covenants set forth in this Section 1007, it is understood and agreed that: 

(i) none of the Trustee nor its respective agents or employees shall be liable for any loss or damage insured by the insurance
policies required to be maintained under this Section 1007, it being understood that (A) the Company shall look solely to its insurance companies or any other parties other than the aforesaid parties for the recovery of such loss or damage
and (B) such insurance companies shall have no rights of subrogation against the Trustee, or its agents or employees. If, however, the insurance policies do not provide waiver of subrogation rights against such parties, as required above, then
the Company hereby agrees, to the extent permitted by law, to waive, its right of recovery, if any, against the Trustee and the Holder and its agents and employees; and 

(ii) the designation of any form, type or amount of insurance coverage by the Trustee under this Section 1007 shall in no
event be deemed a representation, warranty or advice by the Trustee that such insurance is adequate for the purposes of the business of Company or the protection of its properties. 

SECTION 1008. Statement by Officers as to Default. 

(a) The Company will deliver to the Trustee within 120 days after the end of each fiscal year, an Officers’ Certificate signed by the
principal executive officer, the principal financial officer or principal accounting officer stating that a review of the activities of the Company and its Restricted Subsidiaries during the preceding fiscal year has been made under the supervision
of the signing officers with a view to determining whether it has kept, observed, performed and fulfilled, and has caused each of its Restricted Subsidiaries to keep, observe, perform and fulfill its obligations under the Indenture and further
stating, as to each such officer signing such certificate, that, to the best of his or her knowledge, the Company during such preceding quarter or the preceding fiscal year, as the case may be, has kept, observed, performed and fulfilled, and has
caused each of its Restricted Subsidiaries to keep, observe, perform and fulfill each and every such covenant contained in the Indenture and no Default or Event of Default occurred during such year and at the date of such certificate there is no
Default or Event of Default which has occurred and is continuing or, if such signers do know of such Default or Event of Default, the certificate shall describe its status, with particularity and that, to the best of his or her knowledge, no event
has occurred and remains by reason of which payments on the account of the principal of or interest, if any, on the Notes is prohibited or if such event has occurred, a description of the event and what action each is taking or proposes to take with
respect thereto. The Officers’ Certificate shall also notify the Trustee should the Company elect to change the manner in which it fixes its fiscal year-end. For purposes of this Section, such compliance shall be determined without regard to
any period of grace or requirement of notice under the Indenture. 

  
 -65- 

 (b) (i) When any Default or Event of Default has occurred and is continuing under the Indenture,
or (ii) if the trustee for or the holder of any other evidence of Indebtedness of the Company or any Restricted Subsidiary gives any notice or takes any other action with respect to a claimed default (other than with respect to Indebtedness in
the principal amount of less than $50,000,000), the Company shall deliver to the Trustee by registered or certified mail or facsimile transmission an Officers’ Certificate specifying such event, notice or other action within five Business Days
of any Officer becoming aware of the foregoing. 
 SECTION 1009. Reports and Other Information. 

Notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or otherwise
report on an annual and quarterly basis on forms provided for such annual and quarterly reporting pursuant to rules and regulations promulgated by the Commission, the Company shall file with the Commission (and make available to the Trustee and
Holders (without exhibits), without cost to each Holder, within 15 days after it files them with the Commission): 
 (i)
within 90 days (or any time period then in effect under the rules and regulations of the Exchange Act for a non-accelerated filer) plus any grace period provided by Rule 12b-25 under the Exchange Act, after the end of each fiscal year, annual
reports on Form 10-K, or any successor or comparable form, containing the information required to be contained therein, or required in such successor or comparable form; 

(ii) within 45 days (or any time period then in effect under the rules and regulations of the Exchange Act) plus any grace
period provided by Rule 12b-25 under the Exchange Act, after the end of each of the first three fiscal quarters of each fiscal year, reports on Form 10-Q, containing the information required to be contained therein, or any successor or comparable
form; 
 (iii) promptly from time to time after the occurrence of an event required to be therein reported, such other
reports on Form 8-K, or any successor or comparable form; and 
 (iv) any other information, documents and other reports
which the Company would be required to file with the Commission if it were subject to Section 13 or 15(d) of the Exchange Act; 
 provided that
the Company shall not be so obligated to file such reports with the Commission if the Commission does not permit such filing, in which event the Company shall make available such information to prospective purchasers of the Notes, in addition to
providing such information to the Trustee and the Holders in each case within 15 days after the time the Company would be required to file such information with the Commission, if it were subject to Section 13 or 15(d) of the Exchange Act;
provided further that nothing in this Section shall excuse the Company from complying with the provisions of Section 314(a) of the Trust Indenture Act. 

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

  
 -66- 

 SECTION 1010. Limitation on Restricted Payments. 

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

(1) declare or pay any dividend or make any distribution on account of the Company’s or any Restricted Subsidiary’s
Equity Interests, including any dividend or distribution payable in connection with any amalgamation, merger or consolidation other than: 

(A) dividends or distributions by the Company payable in Equity Interests (other than Disqualified Stock) of the Company or in
options, warrants or other rights to purchase such Equity Interests; 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 Subsidiary, the Company 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; 

(2) purchase, redeem, defease or otherwise acquire or retire for value any Equity Interests of the Company, including in
connection with any amalgamation, merger or consolidation; 
 (3) make any principal payment on, or 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 

(x) the purchase, repurchase or other acquisition of Subordinated Indebtedness purchased in anticipation of satisfying a
sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of purchase, repurchase or acquisition; and 

(y) Indebtedness of the Company to a Restricted Subsidiary or a Restricted Subsidiary to the Company or another Restricted
Subsidiary; or 
 (4) make any Restricted Investment; 

(all such payments and other actions set forth in clauses (1) through (4) 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 on a pro forma basis, the
Company could incur $1.00 of additional Indebtedness under Section 1011(a); and 
 (C) such Restricted Payment, together
with the aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries after the Issue Date (including Restricted Payments permitted by clauses (1) and (14) (with respect to the payment of dividends
on Refunding Capital Stock pursuant to clause (B) thereof only) of Section 1010(b), but excluding all other Restricted Payments permitted by Section 1010(b)), is less than the sum of: 

  
 -67- 

 (1) 50% of the Consolidated Net Income of the Company for the period (taken as
one accounting period) from April 1, 2012, to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment, or, in the case such Consolidated Net
Income for such period is a deficit, minus 100% of such deficit, plus 
 (2) 100% of the aggregate net cash proceeds
and the Fair Market Value of marketable securities or other property received by the Company since immediately after April 4, 2012 (other than net cash proceeds to the extent such net cash proceeds have been used to incur Indebtedness,
Disqualified Stock or preferred stock pursuant to Section 1011(b)(12) from the issue or sale of: 
 (x) Equity
Interests of the Company, excluding cash proceeds and the Fair Market Value of marketable securities or other property received from the sale of: 

(A) Equity Interests to members of management, directors or consultants of the Company and the Company’s Subsidiaries
after April 4, 2012 to the extent such amounts have been applied to Restricted Payments made in accordance with Section 1010(b)(3) and 

(B) Designated Preferred Stock or 

(y) debt securities, Designated Preferred Stock or Disqualified Stock of the Company or any Restricted Subsidiary that has
been converted into or exchanged for such Equity Interests of the Company; provided, however, that this clause (2) shall not include the proceeds from (a) Refunding Capital Stock (as defined below), (b) Equity Interests
or converted or exchanged debt securities of the Company sold to a Restricted Subsidiary or the Company, as the case may be, (c) Disqualified Stock or debt securities that have been converted into or exchanged for Disqualified Stock or
(d) Excluded Contributions, plus 
 (3) 100% of the aggregate amount of cash and the Fair Market Value, of
marketable securities or other property contributed to the capital of the Company following April 4, 2012 (other than net cash proceeds to the extent such net cash proceeds have been used to incur Indebtedness, Disqualified Stock or preferred
stock pursuant to Section 1011(b)(12)) (other than by a Restricted Subsidiary and other than by any Excluded Contributions), plus 

(4) 100% of the aggregate amount received in cash and the Fair Market Value, of marketable securities or other property
received by the Company or a Restricted Subsidiary by means of 
 (A) the sale or other disposition (other than to the
Company or a Restricted Subsidiary) of Restricted Investments made by the Company and its Restricted Subsidiaries and repurchases and redemptions of such Restricted Investments from the Company and its Restricted Subsidiaries and repayments of loans
or advances which constitute Restricted Investments by the Company and its Restricted Subsidiaries, in each case after April 4, 2012, or 

  
 -68- 

 (B) the sale (other than to the Company or a Restricted Subsidiary) of the stock
of an Unrestricted Subsidiary (other than in each case to the extent the Investment in such Unrestricted Subsidiary was made by the Company or a Restricted Subsidiary pursuant to clause (8) of Section 1010(b) or to the extent such
Investment constituted a Permitted Investment) or a dividend or distribution from an Unrestricted Subsidiary in each case after April 4, 2012; plus 

(5) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary, the Fair Market Value of the
Investment in such Unrestricted Subsidiary, at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary, other than to the extent the Investment in such Unrestricted Subsidiary was made by the Company or a Restricted
Subsidiary pursuant to clause (6) of Section 1010(b) or to the extent such Investment constituted a Permitted Investment. 

(b) The foregoing provisions shall not prohibit: 

(1) the payment of any dividend, distribution or redemption within 60 days after the date of declaration thereof or call for
redemption, if at the date of declaration or call for redemption such payment or redemption would have complied with the provisions of this Supplemental Indenture; 

(2) the redemption, repurchase or other acquisition or retirement of Subordinated Indebtedness of the Company made by exchange
for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the Company, which is incurred in compliance with Section 1011 so long as 

(A) the principal amount (or accreted value) of such new Indebtedness does not exceed the principal amount, plus any accrued
and unpaid interest, of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired for value, plus the amount of any premium and any reasonable tender premiums, defeasance costs or other fees and expenses incurred in
connection with the issuance of such new Indebtedness, 
 (B) such Indebtedness has a final scheduled maturity date equal to
or later than the earlier of (x) the final scheduled maturity date of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) 91 days following the maturity of the Notes, and 

(C) such Indebtedness has a Weighted Average Life to Maturity which is not less than the shorter of (x) the remaining
Weighted Average Life to Maturity of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) the Weighted Average Life to Maturity that would result if all payments of principal on the Subordinated Indebtedness
being so redeemed, repurchased, defeased, acquired or retired that were due on or after the date one year following the maturity date of any Notes then outstanding were instead due on such date one year following the maturity date of such Notes
(provided that, in the case of this subclause (C)(y), such Indebtedness does not provide for any scheduled principal payments prior to the maturity date of the Notes in excess of, or prior to, the scheduled principal payments due prior to
such maturity for the Indebtedness being refunded or refinanced or defeased); 

  
 -69- 

 (3) a Restricted Payment to pay for the repurchase, retirement or other
acquisition or retirement for value of common Equity Interests of the Company held by any future, present or former employee, director or consultant of the Company, any of its Subsidiaries pursuant to any management equity plan or stock option plan
or any other management or employee benefit plan or other agreement or arrangement; provided, however, that the aggregate Restricted Payments made under this clause (3) do not exceed in any calendar year $5.0 million, plus in
calendar year 2013 an amount up to $5.0 million that was unused in calendar year 2012 under the same clause (3) contained in the indenture governing the Existing Notes, (with unused amounts in any calendar year being carried over to succeeding
calendar years subject to a maximum (without giving effect to the following proviso) of $10.0 million in any calendar year); provided further that such amount in any calendar year may be increased by an amount not to exceed 

(A) the cash proceeds from the sale of Equity Interests (other than Disqualified Stock) of the Company to members of
management, directors or consultants of the Company or any of its Subsidiaries that occurred after the Issue Date, to the extent the cash proceeds from the sale of such Equity Interests have not otherwise been applied to the payment of Restricted
Payments by virtue of Section 1010(a)(2)(C); plus 
 (B) the cash proceeds of key man life insurance policies
received by the Company and its Restricted Subsidiaries after the Issue Date; less 
 (C) the amount of any Restricted
Payments previously made pursuant to clauses (A) and (B) of this Section 1010(b)(3); 
 provided that the Company may
elect to apply all or any portion of the aggregate increase contemplated by subclauses (A) and (B) above in any calendar year; 

(4) the declaration and payment of dividends to holders of any class or series of Disqualified Stock of the Company or any
other Restricted Subsidiary issued in accordance with the covenant described under Section 1011 to the extent such dividends are included in the definition of Fixed Charges; 

(5) the declaration and payment of dividends to holders of any class or series of Designated Preferred Stock (other than
Disqualified Stock) issued by the Company after the Issue Date; provided that the aggregate amount of dividends paid pursuant to this clause (5) shall not exceed the aggregate amount of cash actually received by the Company from the sale
of such Designated Preferred Stock; provided, however, that for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such Designated
Preferred Stock, after giving effect to such issuance on a pro forma basis, the Company and the Restricted Subsidiaries would have had a Fixed Charge Coverage Ratio of at least 2.00 to 1.00; 

(6) Investments in Unrestricted Subsidiaries having an aggregate fair market value, taken together with all other Investments
made pursuant to this clause (6) that are at the time outstanding, not to exceed $50.0 million and 1.0% of Total Assets at the time of such investment; provided, that the dollar amount of Investments made pursuant to this clause
(6) may be reduced by the Fair Market Value of the proceeds received by the Company and/or its Restricted Subsidiaries from the subsequent sale, disposition or other transfer of such Investments (with the fair market value of each Investment
being measured at the time made and without giving effect to subsequent changes in value); 

  
 -70- 

 (7) repurchases of Equity Interests deemed to occur (i) upon exercise of
stock options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants or (ii) in connection with the exercise of stock options to the extent necessary to pay withholding taxes related to such
exercise of stock options; 
 (8) Restricted Payments that are made with Excluded Contributions; 

(9) other Restricted Payments in an aggregate amount taken together with all other Restricted Payments made pursuant to this
clause (9) not to exceed $100 million; 
 (10) Restricted Payments by the Company or any Restricted Subsidiary to allow
the payment of cash in lieu of the issuance of fractional shares upon the exercise of options or warrants or upon the conversion or exchange of Capital Stock of any such Person; 

(11) the purchase by the Company of fractional shares arising out of stock dividends, splits or combinations or business
combinations; 
 (12) distributions or payments of Receivables Fees; 

(13) the repurchase, redemption or other acquisition or retirement for value of any Subordinated Indebtedness required pursuant
to the provisions similar to those described under Sections 1016 and 1017 hereof; provided that there is a concurrent or prior Change of Control Offer or Asset Sale Offer, as applicable, and all Notes tendered by Holders in connection with
such Change of Control Offer or Asset Sale Offer, as applicable, have been repurchased, redeemed or acquired for value; and 

(14) (a) any Restricted Payment in exchange for, or out of the proceeds of the substantially concurrent sale (other than to a
Restricted Subsidiary) of, Equity Interests of the Company (other than any Disqualified Stock) (“Refunding Capital Stock”) and (b) if immediately prior to the redemption, repurchase, retirement or other acquisition of any Equity
Interests of the Company (“Retired Capital Stock”), the Company and the Restricted Subsidiaries would have had a Fixed Charge Coverage Ratio of at least 2.00 to 1.00, the declaration and payment of dividends on the Refunding Capital Stock
in an aggregate amount per year no greater than the aggregate amount of dividends per annum that was declarable and payable on such Retired Capital Stock immediately prior to such retirement; 

provided, however, that at the time of, and after giving effect to, any Restricted Payment permitted under clauses (3), (4), (5), (6),
(9) and (14), no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof. 
 (c) As of
the time of issuance of the Notes, all of the Company’s Subsidiaries shall be Restricted Subsidiaries. The Company shall not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the last sentence of the
definition of “Unrestricted Subsidiary” in Section 101 of this Supplemental Indenture. For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Company and its Restricted
Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of “Investment.” Such designation will be
permitted only if a Restricted Payment in such amount would be permitted at such time, whether pursuant to Section 1010(a) or under clause (6), (8) or (9) of Section 1010(b), or pursuant to the definition of “Permitted
Investments,” and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. Unrestricted Subsidiaries shall not be subject to any of the restrictive covenants set forth in this Supplemental Indenture. 

  
 -71- 

 SECTION 1011. Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and
Preferred Stock. 
 (a) The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create, incur,
issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, (collectively, “incur” and collectively, an “incurrence”) with respect to any Indebtedness (including Acquired Indebtedness)
and the Company shall not issue any shares of Disqualified Stock and shall not permit any Restricted Subsidiary to issue any shares of Disqualified Stock or preferred stock; provided, however, that the Company may incur Indebtedness
(including Acquired Indebtedness) or issue shares of Disqualified Stock, and any Restricted Subsidiary may incur Indebtedness (including Acquired Indebtedness), issue shares of Disqualified Stock and issue shares of preferred stock, if the Fixed
Charge Coverage Ratio for the Company and the Restricted Subsidiaries for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is
incurred or such Disqualified Stock or preferred stock is issued would have been at least 2.00 to 1.00, determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the additional
Indebtedness had been incurred, or the Disqualified Stock or preferred stock had been issued, as the case may be, and the application of proceeds therefrom had occurred at the beginning of such four-quarter period. 

(b) The foregoing limitations shall not apply to: 

(1) the incurrence of Indebtedness of the Company or any of the Restricted Subsidiaries under Credit Facilities;
provided, however, that after giving effect to any such incurrence, the aggregate principal amount of all Indebtedness incurred under this clause (b)(1) and then outstanding does not to exceed $300.0 million; 

(2) the incurrence by the Company of Indebtedness represented by the Notes (other than any Additional Notes); 

(3) Existing Indebtedness (other than Indebtedness described in clauses (1) and (2) above); 

(4) Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and preferred stock incurred by the Company or
any of its Restricted Subsidiaries, to finance the purchase, lease or improvement of property (real or personal) or equipment that is used or useful in a Similar Business, whether through the direct purchase of assets or the Capital Stock of any
Person owning such assets, in an aggregate principal amount which, when aggregated with the principal amount of all other Indebtedness, Disqualified Stock and preferred stock then outstanding and incurred pursuant to this clause (4) and
including all Refinancing Indebtedness incurred to refund, refinance or replace any other Indebtedness, Disqualified Stock and preferred stock incurred pursuant to this clause (4), does not exceed the greater of (x) $50.0 million and
(y) 1.0% of Total Assets; 
 (5) Indebtedness incurred by the Company or any Restricted Subsidiary constituting
reimbursement obligations with respect to letters of credit and bank guarantees issued in the ordinary course of business, including without limitation letters of credit in respect of workers’ compensation claims, health, disability or other
benefits to employees or former employees or their families or property, casualty or liability insurance or self-insurance, and letters of credit in connection with the maintenance of, or pursuant to the requirements of, environmental or other
permits or licenses from governmental authorities, or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims; provided, however, that upon the drawing of such letters of credit or
the incurrence of such Indebtedness, such obligations are reimbursed within 30 days following such drawing or incurrence; 

  
 -72- 

 (6) Indebtedness arising from agreements of the Company or a Restricted
Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with the disposition of any business, assets or a Subsidiary, other than guarantees of Indebtedness
incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 

(7) Indebtedness of the Company to a Restricted Subsidiary; provided that, other than in the case of intercompany
current liabilities incurred in the ordinary course of business in connection with the cash management operations of the Company and the Restricted Subsidiaries to finance working capital needs of the Restricted Subsidiaries, any such Indebtedness
is subordinated in right of payment to the Notes; provided further that 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 (except to the Company or another Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause (7); 

(8) Indebtedness of a Restricted Subsidiary to the Company or another Restricted Subsidiary; provided that, any
subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary) shall be deemed, in each case to be an incurrence of such Indebtedness not permitted by this clause (8); 

(9) shares of preferred stock of a Restricted Subsidiary issued to the Company or another Restricted Subsidiary; provided
that 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 shares of preferred stock (except
to the Company or another Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of preferred stock not permitted by this clause (9); 

(10) Hedging Obligations (excluding Hedging Obligations entered into for speculative purposes) for the purpose of limiting:

 (A) interest rate risk; or 

(B) exchange rate risk with respect to any currency exchange; or 

(C) commodity risk; or 

(D) any combination of the foregoing; 

(11) obligations in respect of performance, bid, appeal and surety bonds and completion guarantees provided by the Company or
any Restricted Subsidiary in the ordinary course of business or consistent with past practice or industry practice; 
 (12)
Indebtedness, Disqualified Stock and preferred stock of the Company or any Restricted Subsidiary not otherwise permitted hereunder in an aggregate principal amount or liquidation preference which, when aggregated with the principal amount and
liquidation preference of all other Indebtedness, Disqualified Stock and preferred stock then outstanding and incurred pursuant to this clause (12), does not at any one time outstanding exceed the sum of: 

  
 -73- 

 (x) the greater of (1) $125.0 million and (2) 3.0% of Total Assets; and

 (y) 100% of the net cash proceeds received by the Company since immediately after the Issue Date from the issue or sale of
Equity Interests of the Company or cash contributed to the capital of the Company (in each case other than proceeds of Disqualified Stock or sales of Equity Interests to the Company or any of its Subsidiaries) as determined in accordance with
clauses (C)(2) and (C)(3) of Section 1010(a)(4) to the extent such net cash proceeds or cash have not been applied pursuant to such clauses to make Restricted Payments or to make other investments, payments or exchanges pursuant to
Section 1010(b) or to make Permitted Investments (other than Permitted Investments specified in clauses (a) and (c) of the definition thereof); 

(13) (A) any guarantee by the Company of Indebtedness or other obligations of any Restricted Subsidiary so long as the
incurrence of such Indebtedness incurred by such Restricted Subsidiary is permitted under the terms of this Supplemental Indenture, or 

(B) any guarantee by a Restricted Subsidiary of Indebtedness of the Company or another Restricted Subsidiary so long as the
incurrence of such Indebtedness incurred by the Company or such other Restricted Subsidiary is permitted under the terms of this Supplemental Indenture; 

(14) the incurrence by the Company or any Restricted Subsidiary of Indebtedness, Disqualified Stock or preferred stock which
serves to refund or refinance any Indebtedness, Disqualified Stock or preferred stock incurred as permitted under Section 1011 (a) and clauses (2) and (3) above, this clause (14) and clauses (15) and (17) below or
any Indebtedness, Disqualified Stock or preferred stock issued to so refund or refinance such Indebtedness, Disqualified Stock or preferred stock including additional Indebtedness, Disqualified Stock or preferred stock incurred to pay premiums
(including tender premiums), defeasance costs and fees in connection therewith (the “Refinancing Indebtedness”) prior to its respective maturity; provided, however, that such Refinancing Indebtedness: 

(A) except in the case of Indebtedness incurred pursuant to clause (17) below or any Refinancing Indebtedness of such
Indebtedness, has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is incurred which is not less than the shorter of (x) remaining Weighted Average Life to Maturity of the Indebtedness, Disqualified Stock or
preferred stock being refunded or refinanced and (y) in the case of Subordinated Indebtedness, the Weighted Average Life to Maturity that would result if all payments of principal on the Subordinated Indebtedness being so redeemed, repurchased,
defeased, acquired or retired that were due on or after the date one year following the maturity date of any Notes then outstanding were instead due on such date one year following the maturity date of such Notes (provided that, in the case
of this subclause (14)(A)(y), such Indebtedness does not provide for any scheduled principal payments prior to the maturity date of the Notes in excess of, or prior to, the scheduled principal payments due prior to such maturity for the
Indebtedness, Disqualified Stock or preferred stock being refunded or refinanced or defeased), 

  
 -74- 

 (B) to the extent such Refinancing Indebtedness refinances (i) Indebtedness
subordinated in right of payment to the Notes, such Refinancing Indebtedness is subordinated in right of payment to the Notes at least to the same extent as the Indebtedness being refinanced or refunded or (ii) Disqualified Stock or preferred
stock, such Refinancing Indebtedness must be Disqualified Stock or preferred stock, respectively; and 
 (C) shall not
include (x) Indebtedness, Disqualified Stock or preferred stock of a Subsidiary that refinances Indebtedness, Disqualified Stock or preferred stock of the Company, or (y) Indebtedness, Disqualified Stock or preferred stock of the Company
or a Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or preferred stock of an Unrestricted Subsidiary; 

(15) Indebtedness, Disqualified Stock or preferred stock of Persons that are acquired by the Company or any Restricted
Subsidiary or amalgamated or merged into the Company or a Restricted Subsidiary in accordance with the terms of this Supplemental Indenture; provided that such Indebtedness, Disqualified Stock or preferred stock is not incurred in
contemplation of such acquisition, amalgamation or merger; provided further that after giving effect to such acquisition, amalgamation or merger, either 

(A) the Company would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage
Ratio test set forth in Section 1011(a) or 
 (B) the Fixed Charge Coverage Ratio is greater than immediately prior to
such acquisition, amalgamation or merger; 
 (16) 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, provided that such Indebtedness is extinguished within five Business Days of its incurrence; 

(17) Indebtedness (including Capitalized Lease Obligations), Disqualified Stock and preferred stock, including any predelivery
payment financing, incurred by the Company or any of its Restricted Subsidiaries, relating to the purchase, lease, acquisition, improvement or modification of any aircraft, engines, spare parts or similar assets, including in the form of financing
from aircraft or engine manufacturers or their affiliates and whether through the direct purchase of assets or the Capital Stock of any Person owning such assets, so long as the amount of such indebtedness does not exceed the purchase price of such
aircraft and any improvements or modifications thereto and is incurred not later than 270 days after the date of such purchase, lease, acquisition, improvement or modification; 

(18) Indebtedness of the Company or any Restricted Subsidiary supported by a letter of credit issued pursuant to Credit
Facilities, in a principal amount not in excess of the stated amount of such letter of credit; and 
 (19) Indebtedness of
the Company or any Restricted Subsidiary consisting of (i) the financing of insurance premiums or (ii) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business. 

  
 -75- 

 (c) For purposes of determining compliance with this Section 1011, in the event that an item
of Indebtedness, Disqualified Stock or preferred stock meets the criteria of more than one of the categories of permitted Indebtedness, Disqualified Stock or preferred stock described in clauses (1) through (19) of Section 1011(b)
above or is entitled to be incurred pursuant to Section 1011(a), the Company, in its sole discretion, may classify or reclassify such item of Indebtedness in any manner that complies with this Section 1011 and the Company may divide and
classify an item of Indebtedness in more than one of the types of Indebtedness described in Sections 1011(a) and (b). Accrual of interest, the accretion of accreted value and the payment of interest in the form of additional Indebtedness,
Disqualified Stock or preferred stock shall not be deemed to be an incurrence of Indebtedness, Disqualified Stock or preferred stock for purposes of this Section 1011. 

(d) For purposes of determining compliance with any U.S. dollar-denominated restriction on the incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the case of term debt, or first committed,
in the case of revolving credit debt; provided that if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be
exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing
Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. 
 (e) The principal amount of any Indebtedness
incurred to refinance other Indebtedness, if incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is
denominated that is in effect on the date of such refinancing. 
 (f) The Company shall not, directly or indirectly, incur any Indebtedness
(including Acquired Indebtedness) that is subordinated or junior in right of payment to any Indebtedness of the Company unless such Indebtedness is expressly subordinated in right of payment to the Notes to the extent and in the same manner as such
Indebtedness is subordinated in right of payment to other Indebtedness of the Company. 
 (g) (x) Unsecured Indebtedness shall not be treated
as subordinated or junior to secured Indebtedness merely because it is unsecured and (y) Indebtedness shall not be treated as subordinated or junior to any other Indebtedness merely because it has a junior priority with respect to the same
collateral. 
 SECTION 1012. Limitation on Liens. 

The Company shall not create, incur, assume or otherwise cause or suffer to exist or become effective any Lien that secures obligations under
any Indebtedness of the Company or any Guarantor (the “Initial Lien”) of any kind upon any of its property or assets, now owned or hereafter acquired, except any Initial Lien if (i) the Notes are equally and ratably secured with (or
on a senior basis to, in the case such Initial Lien secures any Subordinated Indebtedness) the obligations secured by such Initial Lien or (ii) such Initial Lien is a Permitted Lien. 

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

  
 -76- 

 SECTION 1013. Limitations on Transactions with Affiliates. 

(a) The Company shall not, and shall not permit any Restricted Subsidiary to, 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, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of the
Company (each of the foregoing, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $5.0 million, unless: 

(1) such Affiliate Transaction is on terms that are not materially less favorable to the Company or the relevant Restricted
Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person; and 

(2) the Company delivers to the Trustee with respect to any Affiliate Transaction or series of related Affiliate Transactions
involving aggregate payments or consideration in excess of $25.0 million, a resolution adopted by the majority of the Board of Directors approving such Affiliate Transaction and set forth in an Officers’ Certificate certifying that such
Affiliate Transaction complies with clause (1) above. 
 (b) The foregoing provisions will not apply to the following:

 (1) transactions between or among the Company and/or any of the Restricted Subsidiaries; 

(2) Restricted Payments permitted by Section 1010 and the definition of “Permitted Investments”; 

(3) the payment of reasonable and customary fees paid to, and indemnities provided on behalf of, officers, directors, employees
or consultants of the Company or any Restricted Subsidiary; 
 (4) transactions in which the Company or any Restricted
Subsidiary, as the case may be, delivers to the Trustee a letter from an Independent Financial Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or meets the requirements of
Section 1013(a)(1); 
 (5) payments or loans (or cancellation of loans) to employees or consultants of the Company or
any Restricted Subsidiary which are approved by a majority of the Board of Directors of the Company in good faith; 
 (6) any
agreement as in effect as of the Issue Date, or any amendment thereto (so long as any such amendment, taken as a whole, is no less favorable to the Company and its Restricted Subsidiaries than the agreement in effect on the date hereof (as
determined by the Company in good faith)); 
 (7) the existence of, or the performance by the Company or any of its
Restricted Subsidiaries of its obligations under the terms of, any shareholders agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of the Issue Date and any similar agreements
which it may enter into thereafter; provided, however, that the existence of, or the performance by the Company or any Restricted Subsidiary of obligations 

  
 -77- 

 
under any future amendment to any such existing agreement or under any similar agreement entered into after the Issue Date shall only be permitted by this clause (7) to the extent that the
terms of any such amendment or new agreement, taken as a whole, is no less favorable to the Company and its Restricted Subsidiaries than the agreement in effect on the date of this Supplemental Indenture (as determined by the Company in good faith);

 (8) transactions with customers, clients, suppliers, 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 Supplemental Indenture which are fair to the Company and the Restricted Subsidiaries, in the reasonable determination of the Company, or are on terms at least as
favorable as might reasonably have been obtained at such time from an unaffiliated party (as determined by the Company in good faith); 

(9) the issuance of Equity Interests (other than Disqualified Stock) of the Company to any Affiliate of the Company; 

(10) transactions or payments pursuant to any employee, officer or director compensation or benefit plans, employment
agreements, severance agreement, indemnification agreements or any similar arrangements entered into in the ordinary course of business or approved in good faith by the Board of Directors of the Company; 

(11) transactions in the ordinary course with (i) Unrestricted Subsidiaries or (ii) joint ventures in which the
Company or a Subsidiary of the Company holds or acquires an ownership interest (whether by way of Capital Stock or otherwise) so long as the terms of any such transactions are no less favorable to the Company or Subsidiary participating in such
joint ventures than they are to other joint venture partners; 
 (12) transactions with a Person (other than an Unrestricted
Subsidiary of the Company) that is an Affiliate of the Company solely because the Company owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person; 

(13) sales of accounts receivable, or participations therein, in connection with any Receivables Facility; and 

(14) any transaction in which the Company delivers to the Trustee a copy of a written opinion as to the fairness of such
transaction to the Company or such Restricted Subsidiary from a financial point of view issued by an Independent Financial Advisor. 

SECTION 1014. Limitations on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. 

The Company shall not, and shall not permit any Restricted Subsidiary 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 such Restricted Subsidiary to: 

(a) (1) pay dividends or make any other distributions to the Company or any Restricted Subsidiary on its Capital Stock or, with
respect to any other interest or participation in, or measured by, its profits, or (2) pay any Indebtedness owed to the Company or any Restricted Subsidiary; 

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

  
 -78- 

 (c) sell, lease or transfer any of its properties or assets to the Company or any
Restricted Subsidiary, except (in each case) for such encumbrances or restrictions existing under or by reason of: 
 (1)
contractual encumbrances or restrictions in effect on the Issue Date; 
 (2) this Supplemental Indenture and the Notes; 

(3) purchase money obligations for property acquired in the ordinary course of business that impose restrictions of the nature
discussed in clause (c) above on the property so acquired; 
 (4) applicable law or any applicable rule, regulation or
order; 
 (5) any agreement or other instrument of a Person acquired by the Company or any Restricted Subsidiary in existence
at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person,
so acquired; 
 (6) contracts for the sale of assets, including, without limitation, customary restrictions with respect to a
Subsidiary pursuant to an agreement that has been entered into for the sale or disposition of all or substantially all of the Capital Stock or assets of such Subsidiary that impose restrictions on the assets to be sold; 

(7) secured Indebtedness otherwise permitted to be incurred pursuant to Sections 1011 and 1012 that limit the right of the
debtor to dispose of the assets securing such Indebtedness; 
 (8) restrictions on cash or other deposits or net worth
imposed by customers under contracts entered into in the ordinary course of business; 
 (9) customary provisions in joint
venture agreements and other similar agreements relating solely to such joint venture; 
 (10) customary provisions contained
in leases and other agreements entered into in the ordinary course of business; 
 (11) any such encumbrance or restriction
with respect to a Foreign Subsidiary pursuant to an agreement governing Indebtedness, Disqualified Stock or preferred stock incurred by such Foreign Subsidiary that was permitted by the terms of this Supplemental Indenture to be incurred; 

(12) any such encumbrance or restriction pursuant to an agreement governing Indebtedness incurred pursuant to
Section 1011(b)(1), which encumbrances or restrictions are, in the good faith judgment of the Company not materially more restrictive, taken as a whole, than customary provisions in comparable financings and that the management of the Company
determines, at the time of such financing, will not materially impair the Company’s ability to make payments as required under the Notes; 

  
 -79- 

 (13) any encumbrances or restrictions of the type referred to in clauses (a),
(b) and (c) above imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (1) through
(12) above; provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company, no more restrictive, taken as a whole,
with respect to such encumbrance and other restrictions than those prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing; and 

(14) restrictions created in connection with any Receivables Facility that, in the good faith determination of the Board of
Directors of the Company, are necessary or advisable to effect such Receivables Facility. 
 SECTION 1015. [Reserved]. 

SECTION 1016. Change of Control. 

(a) If a Change of Control occurs, the Company shall make an offer to purchase all of the Notes pursuant to the offer described below (the
“Change of Control Offer”) at a price in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to, but 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. Within 30 days following any Change of Control, the Company shall send notice of such Change of Control Offer by
first class mail, with a copy to the Trustee, to each Holder of the Notes to the address of such Holder appearing in the Note Register with a copy to the Trustee or otherwise in accordance with the procedures of DTC, with the following information:

 (1) a Change of Control Offer is being made pursuant to this Section 1016 and that all Notes properly tendered
pursuant to such Change of Control Offer will be accepted for payment; 
 (2) the purchase price and the purchase date, which
will be no earlier than 30 days nor later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”); 

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

(4) unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant to the
Change of Control Offer will cease to accrue interest on, but not including, the Change of Control Payment Date; 
 (5)
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; 

  
 -80- 

 (6) Holders will be entitled to withdraw their tendered Notes and their election
to require the Company to purchase such Notes, provided that the Paying Agent receives, not later than the close of business on the last day of the Change of Control Offer period, a telegram, telex, facsimile transmission or letter setting
forth the name of the Holder of Notes, the principal amount of Notes tendered for purchase, and a statement that such Holder is withdrawing his tendered Notes and his election to have such Notes purchased; 

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

(b) While the Notes are in global form and the Company makes an offer to purchase all of the Notes pursuant to the Change of Control Offer, a
Holder may exercise its option to elect for the purchase of the Notes through the facilities of Depositary, Euroclear and Clearstream, subject to their rules and regulations. 

(c) The Company shall not be required to make a Change of Control Offer following a Change of Control if (1) 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 Supplemental Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and
not withdrawn under such Change of Control Offer or (2) notice of redemption has been given pursuant to this Supplemental Indenture as described under Section 1101, unless and until there is a default in payment of the applicable
redemption price. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control. 

(d) The Company shall comply with the requirements of Section 14(e) under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws or regulations are applicable in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions
of this Supplemental Indenture, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this Supplemental Indenture by virtue thereof. 

(e) On the Change of Control Payment Date, the Company shall, to the extent permitted by law, 

(1) accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control Offer, 

(2) 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 
 (3) deliver, or cause to be delivered, to the Trustee for cancellation the Notes so
accepted together with an Officers’ Certificate stating that such Notes or portions thereof have been tendered to and purchased by the Company. 

  
 -81- 

 (f) The Paying Agent shall promptly mail to each Holder of Notes the Change of Control Payment
for such Notes, and the Trustee will promptly authenticate and mail to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note shall be in a principal
amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Company shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

SECTION 1017. Asset Sales. 

(a) The Company shall not, and shall not permit any Restricted Subsidiary to, cause, make or suffer to exist an Asset Sale, unless: 

(1) the Company or such Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset Sale at
least equal to the Fair Market Value of the assets sold or otherwise disposed of; and 
 (2) except in the case of a
Permitted Asset Swap, at least 75% of the consideration therefor received by the Company or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents. 

Within 365 days after the Company’s or a Restricted Subsidiary’s receipt of the Net Proceeds of any Asset Sale covered by this
clause (a) the Company or such Restricted Subsidiary, at its option, may apply the Net Proceeds from such Asset Sale: 

(1) to make one or more offers to the Holders of the Notes (and, at the option of the Company, the holders of other senior
Indebtedness) to purchase Notes (and such senior Indebtedness) pursuant to and subject to the conditions contained in this Supplemental Indenture (each, an “Asset Sale Offer”); provided, however, that in connection with any
prepayment, repayment or purchase of Indebtedness pursuant to this clause (1), the Company or such Restricted Subsidiary shall permanently retire such Indebtedness; provided, further, that if the Company or such Restricted
Subsidiary shall so reduce any senior Indebtedness (other than the Notes), the Company shall equally and ratably reduce Indebtedness under the Notes by making an offer to all Holders of Notes to purchase at a purchase price equal to 100% of the
principal amount thereof, plus accrued and unpaid interest and additional interest, if any, the pro rata principal amount of the Notes, such offer to be conducted in accordance with the procedures set forth below for an Asset Sale Offer but
without any further limitation in amount; 
 (2) to make an investment in (a) any one or more businesses;
provided that such investment in any business is in the form of the acquisition of Capital Stock and results in the Company or a Restricted Subsidiary, as the case may be, owning an amount of the Capital Stock of such business such that it
constitutes a Restricted Subsidiary, (b) capital expenditures or (c) acquisitions of other long-term assets, in each of (a), (b) and (c), used or useful in a Similar Business; or 

(3) to reduce Indebtedness of a Restricted Subsidiary, other than Indebtedness owed to the Company or another Restricted
Subsidiary; provided that the acquisition of Indebtedness of a Restricted Subsidiary by the Company shall constitute a reduction in such Indebtedness. 

Any Net Proceeds that are not invested or applied as provided and within the time period set forth in the first sentence of the immediately
preceding paragraph shall be deemed to constitute “Excess Proceeds.” In the case of clause (2) above, a binding commitment shall be treated as a permitted application of the Net Proceeds from the date of such commitment;
provided that (x) such investment is consummated within 635 days after receipt by the Company or any Restricted Subsidiary of the Net Proceeds of any Asset Sale and (y) if such investment is not consummated within the period set
forth in 

  
 -82- 

 
subclause (x), the Net Proceeds not so applied will be deemed to be Excess Proceeds. When the aggregate amount of Excess Proceeds exceeds $25.0 million, the Company shall make an Asset Sale
Offer to all Holders of the Notes, and, if required by the terms of any senior Indebtedness, to the holders of such senior Indebtedness, to purchase the maximum principal amount of Notes and such other senior Indebtedness, that are $2,000 or an
integral multiple of $1,000 in excess thereof that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the
date fixed for the closing of such offer, in accordance with the procedures set forth in this Supplemental Indenture. The Company shall commence an Asset Sale Offer with respect to Excess Proceeds within 30 days after the date that Excess Proceeds
exceed $25.0 million by mailing the notice required pursuant to the terms of this Supplemental Indenture, with a copy to the Trustee. To the extent that the aggregate amount of Notes and such senior Indebtedness tendered pursuant to an Asset
Sale Offer is less than the Excess Proceeds, the Company may use any remaining Excess Proceeds for general corporate purposes, subject to other covenants contained in this Supplemental Indenture. If the aggregate principal amount of Notes or the
senior Indebtedness surrendered by such holders thereof exceeds the amount of Excess Proceeds, the Notes and such senior Indebtedness will be purchased on a pro rata basis based on the principal amount of the Notes or such senior Indebtedness
tendered. Upon completion of any such Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. After the Company or any Restricted Subsidiary has applied the Net Proceeds from any Asset Sale as provided in, and within the time periods
required by, this paragraph (a), the balance of such Net Proceeds, if any, from such Asset Sale may be used by the Company or such Restricted Subsidiary for any purpose not prohibited by the terms of this Supplemental Indenture. 

(b) For purposes of this Section 1017, the following are deemed to be cash or Cash Equivalents: 

(1) any liabilities (as shown on the Company’s, or such Restricted Subsidiary’s most recent internally available
balance sheet or in the notes thereto) of the Company or any Restricted Subsidiary other than liabilities that are by their terms subordinated to the Notes; 

(2) any securities received by the Company or such Restricted Subsidiary from such transferee that are converted by the Company
or such Restricted Subsidiary into cash (to the extent of the cash received) within 180 days following the closing of such Asset Sale; and 

(3) any Designated Non-cash Consideration received by the Company or any Restricted Subsidiary 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) $100.0 million and (y) 3.0% of
Total Assets at the time of the receipt of such Designated Non-cash Consideration, with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in
value. 
 (c) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and
regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase 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 Supplemental Indenture, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this Supplemental Indenture by virtue thereof. If less than
all of the Notes or other senior Indebtedness are to be redeemed, Section 1109 shall apply. 

  
 -83- 

 SECTION 1018. Waiver of Certain Covenants. 

The Company and the Restricted Subsidiaries may omit in any particular instance to comply with any term, provision or condition set forth in or
Sections 1004 through 1008, inclusive, if before or after the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Notes, by Act of such Holders, waive such compliance in such instance with such term,
provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the
Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
 SECTION 1019. Discharge and
Suspension of Covenants. 
 (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 the Base Indenture (as it relates to the Notes) and this Supplemental Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being
collectively referred to as a “Covenant Suspension Event”), Section 801(4) hereof, Section 1010 hereof, Section 1011 hereof, Section 1013 hereof, Section 1014 hereof, and Section 1017 hereof shall no longer be
applicable to the Notes (collectively, the “Suspended Covenants”). 
 (b) In the event that the Company and the Restricted
Subsidiaries are not subject to the Suspended Covenants under this Supplemental Indenture for any period of time as a result of the foregoing, and on any subsequent date (the “Reversion Date”) one or both of the Rating Agencies
(1) withdraw their Investment Grade Rating or downgrade the rating assigned to the Notes below an Investment Grade Rating and/or (2) the Company or any of its Affiliates enters into an agreement to effect a transaction that would result in
a Change of Control and one or more of the Rating Agencies indicate that if consummated, such transaction (alone or together with any related recapitalization or refinancing transactions) would cause such Rating Agency to withdraw its Investment
Grade Rating or downgrade the ratings assigned to the Notes below an Investment Grade Rating, then the Company and the Restricted Subsidiaries shall thereafter again be subject to the Suspended Covenants under this Supplemental Indenture with
respect to future events, including, without limitation, a proposed transaction described in clause (2) above. 
 (c) The period of time
between the Suspension Date and the Reversion Date is referred to in this description as the “Suspension Period.” Additionally, upon the occurrence of a Covenant Suspension Event, the amount of Excess Proceeds from Net Proceeds shall be
reset at zero. During the Suspension Period no additional subsidiary may be designated an Unrestricted Subsidiary unless such designation would have been permitted if Section 1010 had been in effect at all times during the Suspension Period. In
the event of any such reinstatement, no action taken or omitted to be taken by the Company or any of its Restricted Subsidiaries prior to such reinstatement will give rise to a Default or Event of Default under this Supplemental Indenture with
respect to any Notes; provided that (1) with respect to Restricted Payments made after any such reinstatement, the amount of Restricted Payments made will be calculated as though Section 1010 hereof had been in effect prior to, but
not during the Suspension Period, and (2) 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 1011(b)(3) hereof.

 The Company shall deliver promptly to the Trustee an Officers’ Certificate notifying it of any such occurrence under this
Section 1019. 

  
 -84- 

 SECTION 1020. Note Guarantees. 

The Company will not cause or permit any of its Restricted Subsidiaries (other than a Guarantor), directly or indirectly, to guarantee any
Indebtedness of the Company or any other Guarantor unless such Restricted Subsidiary: 
 (a) within 5 Business Days of the
date on which it guarantees Indebtedness of the Company or any Guarantor executes and delivers to the Trustee a supplemental indenture pursuant to which such Restricted Subsidiary shall guarantee (each, a “Note Guarantee”) all of the
Company’s obligations under the Notes and this Supplemental Indenture and other terms contained in the applicable supplemental indenture and subject to the conditions contained in such supplemental indenture; and 

(b) delivers to the Trustee an Opinion of Counsel (which may contain customary exceptions) that such supplemental indenture and
Note Guarantee have been duly authorized, executed and delivered by such Restricted Subsidiary and constitute legal, valid, binding and enforceable obligations of such Restricted Subsidiary. 

Thereafter, such Subsidiary shall be a Guarantor for all purposes of this Supplemental Indenture until such Note Guarantee is released in
accordance with the provisions of this Supplemental Indenture. In the event of a sale or other transfer or disposition of all of the Capital Stock in any Guarantor to any Person that is not an Affiliate of the Company in compliance with the
terms of this Supplemental Indenture, or in the event all or substantially all the assets or Capital Stock of a Guarantor are sold or otherwise transferred, by way of merger, consolidation or otherwise, to a Person that is not an Affiliate of the
Company in compliance with the terms of this Supplemental Indenture, then, without any further action on the part of the Trustee or any Holder, such Guarantor (or the Person concurrently acquiring such assets of such Guarantor) shall be deemed
automatically and unconditionally cancelled, released and discharged of any obligations under its Note Guarantee, as evidenced by a supplemental indenture, written instrument or confirmation executed by the Trustee, upon request; provided,
however that the Company delivers an Officers’ Certificate to the Trustee certifying that the net cash proceeds of such sale or other disposition will be applied in accordance with Section 1017 and, if evidence of such cancellation,
discharge or release is requested to be executed by the Trustee, an Officers’ Certificate and an Opinion of Counsel complying with Section 1301 of this Supplemental Indenture. The Company may cause any other Subsidiary of the Company to
issue a Note Guarantee and become a Guarantor. 
 Each Note Guarantee by a Restricted Subsidiary will be limited to an amount not to exceed
the maximum amount that can be guaranteed by that Restricted Subsidiary without rendering the Note 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. 
 SECTION 1021. Additional Amounts. 

If the Company (or a Guarantor, if any) or other applicable withholding agent is required by law to deduct or withhold taxes imposed by Bermuda
or another Relevant Tax Jurisdiction on payments to Holders, it will pay to any Holder so entitled all additional amounts that may be necessary so that every Net Payment of interest, principal, premium or other amount received by the beneficial
owner on that Note or the guarantee will not be less than the amount provided for in that Note or the Note Guarantee. 
 (a)
The Company (and Guarantors, if any) will also indemnify and reimburse Holders for: 

  
 -85- 

 (1) Taxes (including any interest, penalties and related expenses) imposed on the
Holders (or if a Holder is not the beneficial owner, the beneficial owner) by a Relevant Tax Jurisdiction if and to the same extent that a Holder would have been entitled to receive additional amounts if the Company (or a Guarantor) or other
applicable withholding agent had been required to deduct or withhold those taxes from payments on the Notes or the Note Guarantees; and 

(2) Stamp, court, documentary or similar taxes or charges (including any interest, penalties and related expenses) imposed by a
Relevant Tax Jurisdiction in connection with the execution, delivery, enforcement or registration of the Notes or the Note Guarantees or other related documents and obligations. 

(b) The Company (or a Guarantor) will not pay additional amounts to any Holder for or on account of any of the following: 

(1) Any tax, assessment or other governmental charge imposed solely because at any time there is or was a connection between
such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of or possessor of power over the relevant holder if the holder is an estate, nominee, trust, partnership, limited liability company, or corporation) and the Relevant
Tax Jurisdiction imposing the tax (other than the mere receipt of a payment or the acquisition, ownership, disposition or holding of, or enforcement of rights under, a Note or the Note Guarantees); 

(2) Any estate, inheritance, gift or any similar tax, assessment or other governmental charge; 

(3) Any tax, assessment or other governmental charge imposed solely because such Holder (or if such Holder is not the
beneficial owner, the beneficial owner) fails to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or connection with the taxing jurisdiction of such Holder or any beneficial
owner of the Note or the Note Guarantees, if compliance is required by law or by an applicable income tax treaty to which the jurisdiction imposing the tax is a party, as a precondition to an exemption from the tax, assessment or other governmental
charge for which such Holder is eligible and the Company (or a Guarantor) has given the Holders at least 60 days’ notice that Holders will be required to provide such information and identification; 

(4) Any tax, assessment or other governmental charge with respect to a Note or a Note Guarantee presented for payment more than
30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for and notice thereof given to Holders, whichever occurs later, except to the extent that such Holder of the Note would have been
entitled to additional amounts on presenting the Note for payment on any date during the 30-day period; and 
 (5) Any
withholding or deduction imposed on a payment to an individual that is required to be made pursuant to the European Union Directive on the taxation of savings income, which was adopted by the ECOFIN Council on June 3, 2003, or any law
implementing or complying with, or introduced in order to conform to, such Directive. 

  
 -86- 

 ARTICLE ELEVEN 

REDEMPTION OF NOTES 

Article IV of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and
to the extent of, this Article Eleven. 
 SECTION 1101. Right of Redemption. 

(a) Prior to December 15, 2016, the Company may, at its option, redeem up to 35% of the aggregate principal amount of the Notes issued
under this Supplemental Indenture at a Redemption Price equal to 104.625% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, 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, with the net proceeds of one or more Equity Offerings of the Company; provided that at least 65% of the sum of the aggregate principal amount of
the Notes originally issued under this Supplemental Indenture on the Issue Date remains outstanding immediately after the occurrence of each such redemption; provided, further, that each such redemption occurs within 90 days of the
date of closing of each such Equity Offering. 
 (b) The Company may also redeem all or a part of the Notes, upon not less than 30 nor more
than 60 days’ prior notice mailed by first class mail to each Holder’s registered address, at a redemption price equal to the greater of (a) 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest thereon
to, but not including, the Redemption Date, and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes from the Redemption Date through the maturity date of the Notes (computed using a
discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points), plus accrued and unpaid interest to, but not including, the Redemption Date. 

(c) Notice of redemption upon any Equity Offering or in connection with a transaction (or series of related transactions) that constitute a
Change of Control may, at the Company’s option and discretion, be subject to one or more conditions precedent, including, but not limited to, completion of an Equity Offering or Change of Control, as the case may be. 

(d) In addition to the Company’s rights to redeem Notes as set forth in subclauses (a) through (c) above, the Company may at any
time purchase Notes in open-market transactions, tender offers or otherwise. 
 SECTION 1102. Redemption for Taxation Reasons. 

The Company will be entitled, at its option, to redeem the Notes in whole if at any time it becomes obligated to pay additional amounts on the
Notes on the next interest payment date with respect to the Notes, but only if its obligation results from a change in, or an amendment to, the laws or treaties (including any regulations or official rulings promulgated thereunder) of a Relevant Tax
Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any official position regarding the interpretation, administration or application of those laws, treaties, regulations or official rulings
(including a change resulting from a holding, judgment or order by a court of competent jurisdiction), that becomes effective and is announced after the Issue Date (or, if the applicable Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction
on a date after the Issue Date, such later date) and provided the Company cannot avoid the obligation after taking reasonable measures to do so. If the Company redeems the Notes in these circumstances, it will do so at a redemption price
equal to 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, and any other amounts due to the redemption date. 

  
 -87- 

 If the Company becomes entitled to redeem the Notes in these circumstances, it may do so at any
time on a redemption date of its choice. However, the Company must give the Holders of Notes being redeemed notice of the redemption not less than 30 days or more than 60 days before the redemption date and not more than 90 days before the next date
on which it would be obligated to pay additional amounts. In addition, the Company’s obligation to pay additional amounts must remain in effect when it gives the notice of redemption. Notice of the Company’s intent to redeem the Notes
shall not be effective until such time as it delivers to the Trustee both a certificate signed by two of its officers stating that the obligation to pay additional amounts cannot be avoided by taking reasonable measures and an opinion of independent
legal counsel or an independent auditor stating that the Company is obligated to pay additional amounts because of an amendment to or change in law, treaties or position as described in the preceding paragraph. In addition to the Company’s
rights to redeem Notes as set forth above, the Company may at any time and from time to time purchase Notes in open-market transactions, tender offers or otherwise. 

SECTION 1103. Applicability of Article. 

Redemption of Notes at the election of the Company or otherwise, as permitted or required by any provision of this Supplemental Indenture,
shall be made in accordance with such provision and this Article. 
 SECTION 1104. Election To Redeem; Notice to Trustee. 

The election of the Company to redeem any Notes pursuant to Section 1101 above shall be evidenced by a Company Order. In case of any
redemption at the election of the Company, the Company shall, at least 35 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the
principal amount of Notes to be redeemed and shall deliver to the Trustee such documentation and records as shall enable the Trustee to select the Notes to be redeemed pursuant to Section 1105. 

SECTION 1105. Selection by Trustee of Notes To Be Redeemed. 

If less than all of the Notes are to be redeemed at any time, selection of such Notes for redemption, will be made by the Trustee in compliance
with the requirements of the principal national securities exchange and DTC procedures, if any, on which such Notes are listed, or, if such Notes are not so listed, on a pro rata basis or by lot or such similar method in accordance with the
procedures of DTC; provided that no Notes of $2,000 or less shall be purchased or redeemed in part. 
 Notices of purchase or
redemption shall be mailed by first class mail, postage prepaid, at least 30 but not more than 60 days before the purchase or redemption date to each Holder of Notes to be purchased or redeemed at such Holder’s registered address. If any Note
is to be purchased or redeemed in part only, any notice of purchase or redemption that relates 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 unpurchased or unredeemed portion of any Note purchased or redeemed in part will be issued in the
name of the Holder thereof upon cancellation of the original Note. On and after the purchase or Redemption Date, unless the Company defaults in payment of the purchase or Redemption Price, interest shall cease to accrue on Notes or portions thereof
purchased or called for redemption. 

  
 -88- 

 SECTION 1106. Notice of Redemption. 

Notice of redemption shall be given in the manner provided for in Section 1305 not less than 30 nor more than 60 days prior to the
Redemption Date, to each Holder to be redeemed. Except as set forth in Section 1101(c), notices of redemption may not be conditional. 

All notices of redemption shall state: 

(1) the Redemption Date, 

(2) the Redemption Price and the amount of accrued interest to the Redemption Date payable as provided in Section 1108, if
any, 
 (3) if less than all Outstanding Notes are to be redeemed, the identification (and, in the case of a partial
redemption, the principal amounts) of the particular Notes to be redeemed, 
 (4) 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 will receive, without charge, a new Note or Notes of authorized denominations for the principal amount thereof
remaining unredeemed, 
 (5) that on the Redemption Date the Redemption Price (and accrued interest, if any, to the
Redemption Date payable as provided in Section 1108) will become due and payable upon each such Note, or the portion thereof, to be redeemed, and that interest thereon will cease to accrue on and after said date, 

(6) the place or places where such Notes are to be surrendered for payment of the Redemption Price and accrued interest, if
any, 
 (7) the name and address of the Paying Agent, 

(8) that Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price, 

(9) 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, 
 (10) the paragraph of the Notes pursuant to which the Notes are to be redeemed;
and 
 (11) any condition to such redemption. 

Notice of redemption of Notes to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request,
upon notice to the Trustee of at least 35 days prior to such Redemption Date (unless a shorter notice shall be satisfactory to the Trustee) by the Trustee in the name and at the expense of the Company. 

SECTION 1107. Deposit of Redemption Price. 

On or before 10:00 a.m. New York City time on Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the
Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and accrued interest, if any, on, all the Notes which are to be redeemed on that
date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase price of, and accrued interest, if
any, on, all Notes to be redeemed or purchased. 

  
 -89- 

 SECTION 1108. 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 to the Redemption Date) (except as provided in Section 1101(e)), and from and after such date (unless the Company shall default in the payment of the Redemption Price and
accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Redemption Price, together with accrued interest to the
Redemption Date; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Notes, or one or more Predecessor Notes, registered as such at the
close of business on the relevant Record Dates according to their terms and the provisions of Section 307. 
 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. 

SECTION 1109. Notes Redeemed in Part. 

Any Note which is to be redeemed only in part (pursuant to the provisions of this Article) shall be surrendered at the office or agency of the
Company maintained for such purpose pursuant to Section 1002 (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the
Holder thereof or such Holder’s attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized
denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Note so surrendered. 

ARTICLE TWELVE 

DEFEASANCE AND COVENANT DEFEASANCE 

Article XII of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the Notes except as described in, and
to the extent of, this Article Twelve. 
 SECTION 1201. Company’s Option To Effect Legal Defeasance or Covenant Defeasance. 

The Company may, at its option by Board Resolution, at any time, with respect to the Notes, elect to have either Section 1202 or
Section 1203 applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article Twelve. 
 SECTION
1202. Legal Defeasance and Discharge. 
 Upon the Company’s exercise under Section 1201 of the option applicable to this
Section 1202, the Company shall be deemed to have been discharged from its respective obligations with respect to all Outstanding Notes on the date the conditions set forth in Section 1204 are satisfied (hereinafter,

  
 -90- 

 
“Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding
Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1205 and the other Sections of this Supplemental Indenture referred to in (A) and (B) below, and to have satisfied all its other
obligations under such Notes and this Supplemental Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive
until otherwise terminated or discharged hereunder: (A) the rights of Holders of Outstanding Notes to receive payments in respect of the principal of (and premium, if any, on) and interest on such Notes when such payments are due, solely out of
the trust described in Section 1204, (B) the Company’s obligations with respect to such Notes under Sections 304, 305, 306, 1002 and 1003, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the
obligations of the Company in connection therewith and (D) this Article Twelve. Subject to compliance with this Article Twelve, the Company may exercise its option under this Section 1202 notwithstanding the prior exercise of its option
under Section 1203 with respect to the Notes. 
 SECTION 1203. Covenant Defeasance. 

Upon the Company’s exercise under Section 1201 of the option applicable to this Section 1203, the Company shall be released from
its respective obligations under any covenant contained in Sections 801, 802 and in Sections 1005, 1006, 1007, 1009 through 1018 with respect to the Outstanding Notes on and after the date the conditions set forth below are satisfied (hereinafter,
“Covenant Defeasance”), and the Notes shall thereafter be deemed not to be “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with
such covenants, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such Covenant Defeasance means that, with respect to the Outstanding Notes, the Company, may omit to comply with and shall
have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to
any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Sections 501(3), 501(4), 501(5) and 501(7) and, with respect to only any Significant Subsidiary and not the
Company, Section 501(6), but, except as specified above, the remainder of this Supplemental Indenture and such Notes shall be unaffected thereby. 

SECTION 1204. Conditions to Legal Defeasance or Covenant Defeasance. 

The following shall be the conditions to application of either Section 1202 or Section 1203 to the Outstanding Notes: 

(1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the
requirements of Section 608 who shall agree to comply with the provisions of this Article Twelve applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated
solely to the benefit of the Holders of such Notes; (A) cash in U.S. dollars, or (B) Government Securities, or (C) a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized investment
banking firm, appraisal firm or firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and
discharge, the principal of (and premium, if any) and interest on the Outstanding Notes on the Stated Maturity (or Redemption Date, if applicable); provided that the Trustee shall have been irrevocably instructed to apply such cash or the
proceeds of such Government Securities to said payments with respect to the Notes. Before such a deposit, the Company may give to the Trustee, in accordance with Section 1104 hereof, a notice of its election to redeem all of the Outstanding
Notes at a future date in accordance with Article Eleven hereof, which notice shall be irrevocable. Such irrevocable redemption notice, if given, shall be given effect in applying the foregoing; 

  
 -91- 

 (2) in the case of Legal Defeasance, the Company shall have delivered to the
Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, 

(A) the Company has received from, or there has been published by, the United States Internal Revenue Service a ruling, or 

(B) since the issuance of the Notes, there has been a change in the applicable U.S. Federal income tax law, 

in either case to the effect that, and based thereon such Opinion of Counsel in the United States shall confirm that, subject to customary
assumptions and exclusions, the Holders of the Outstanding Notes will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. Federal income tax on the same amounts, in
the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (3) in the
case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States reasonably acceptable to the Trustee confirming that, subject to customary assumptions and exclusions, the Holders of the
Outstanding Notes will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as
would have been the case if such Covenant Defeasance had not occurred; 
 (4) no Default or Event of Default with respect to
the Outstanding Notes (other than that resulting from borrowing funds to be applied to make such deposit or the granting of Liens in connection therewith) shall have occurred and be continuing on the date of such deposit; 

(5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under
any other material agreement or instrument (other than this Supplemental Indenture) to which, the Company is a party or by which the Company is bound (other than that resulting from borrowing funds to be applied to make such deposit and the granting
of Liens in connection therewith); 
 (6) the Company shall have delivered to the Trustee an Officers’ Certificate
stating that the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any creditors of the Company or others; and 

(7) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel in the United
States (which Opinion of Counsel may be subject to customary assumptions and exclusions), each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have been complied
with. 

  
 -92- 

 SECTION 1205. Deposited Money and Government Securities To Be Held in Trust; Other
Miscellaneous Provisions. 
 Subject to the provisions of the last paragraph of Section 1003, all cash and Government Securities
(including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 1205, the “Trustee”) pursuant to Section 1204 in respect of the Outstanding Notes shall be held
in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Supplemental Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee
may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, but such money or Government Securities need not be segregated from other funds except to the extent
required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
Government Securities deposited pursuant to Section 1204 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding Notes. 

Anything in this Article Twelve to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
Company Request any money or Government Securities held by it as provided in Section 1204 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 an equivalent Legal Defeasance or Covenant Defeasance, as applicable, in accordance with this Article. 

SECTION 1206. Reinstatement. 

If the Trustee or any Paying Agent is unable to apply any money or Government Securities in accordance with Section 1205 by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Supplemental Indenture and the Outstanding Notes shall be revived and
reinstated as though no deposit had occurred pursuant to Section 1202 or 1303, as the case may be, until such time as the Trustee or Paying Agent is permitted to apply all such money or Government Securities in accordance with
Section 1205; provided, however, that if the Company makes any payment of principal of (or premium, if any) or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of
the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 
 ARTICLE
THIRTEEN 
 MISCELLANEOUS PROVISIONS 

Each of Article XVI and Section 6.05 of the Base Indenture is hereby modified, amended, supplemented and deleted as it relates to the
Notes except as described in, and to the extent of, this Article Thirteen. 
 SECTION 1301. Compliance Certificates and Opinions.

 Upon any application or request by the Company to the Trustee to take any action under any provision of this Supplemental Indenture, the
Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Supplemental Indenture (including 

  
 -93- 

 
any covenant compliance with which constitutes a condition precedent) relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel
all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Supplemental Indenture relating
to such particular application or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion with
respect to compliance with a condition or covenant provided for in this Supplemental Indenture (other than pursuant to Section 1008(a)) shall include: 

(1) a statement that each individual signing such certificate or opinion has read such covenant or condition and the
definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the
opinion of each 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 

(4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

SECTION 1302. Form of Documents Delivered to Trustee. 

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

SECTION 1303. Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Supplemental Indenture to be given
or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or 

  
 -94- 

 
by agents duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and,
where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or
instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Supplemental Indenture and conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Section. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the
affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution
thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of authority. The fact and date of the execution of any such instrument or
writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient. 
 (c)
The principal amount and serial numbers of Notes held by any Person, and the date of holding the same, shall be proved by the Note Register. 

(d) If the Company shall solicit from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the
Company may, at its option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company
shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than the date 30 days prior to the first
solicitation of Holders generally in connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given
before or after such record date, but only the Holders of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Notes have
authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Notes shall be computed as of such record date; provided that no such
authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Supplemental Indenture not later than eleven months after the record date. Any
request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Company in reliance thereon, whether or not notation of such action is made upon such Note. 

SECTION 1304. Notices, Etc., to Trustee, Company and Agent. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Supplemental Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder or by the
Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (which may be via facsimile) to or with the Trustee at Wells Fargo Bank, National Association, 625 Marquette Avenue, 11th Floor, MAC-N9311-115,
Minneapolis, MN 55479, Attention: Corporate Trust Services, Administrator — Aircastle Limited, or 

  
 -95- 

 (2) the Company by the Trustee or by any Holder shall be sufficient for every
purpose hereunder (unless otherwise herein expressly provided) if made, given, furnished or delivered in writing and mailed, first-class postage prepaid, or delivered by recognized overnight courier, to the Company addressed to it at the address of
its principal office specified in the first paragraph, Attention: General Counsel, or at any other address previously furnished in writing to the Trustee by the Company. 

All notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five calendar
days after being deposited in the mail, postage prepaid, if mailed by first-class mail; when receipt acknowledged, if faxed; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day
delivery; provided that any notice or communication delivered to the Trustee shall be deemed effective upon actual receipt thereof. 

SECTION 1305. Notice to Holders; Waiver. 

Where this Supplemental Indenture provides for notice of any event to Holders by the Company or the Trustee, such notice shall be sufficiently
given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid or by overnight air courier guaranteeing next day delivery, to each Holder affected by such event, at his address as it appears in the Note
Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice
so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. 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. 
 In case by reason of the suspension of or irregularities in
regular mail service or by reason of any other cause, it shall be impracticable to mail notice of any event to Holders when such notice is required to be given pursuant to any provision of this Supplemental Indenture, then any manner of giving such
notice as shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice for every purpose hereunder. 

Where this Supplemental Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive
such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action
taken in reliance upon such waiver. 
 SECTION 1306. Effect of Headings and Table of Contents. 

The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

  
 -96- 

 SECTION 1307. Successors and Assigns. 

All agreements of the Company in this Supplemental Indenture and the Notes will bind its successors. All agreements of the Trustee in this
Supplemental Indenture will bind its successors. All agreements of each Guarantor, if any, in this Supplemental Indenture will bind its successors. 

SECTION 1308. Separability Clause. 

In case any provision in this Supplemental Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 1309. Benefits of
Indenture. 
 Nothing in this Supplemental Indenture or in the Notes, express or implied, shall give to any Person, other than the
parties hereto, any Paying Agent, any Notes Registrar and their successors hereunder, and the Holders, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture. 

SECTION 1310. Governing Law. 

This Supplemental Indenture, the Notes and any Note Guarantee shall be governed by and construed in accordance with the laws of the State of
New York. This Supplemental Indenture is subject to the provisions of the Trust Indenture Act that are referred to herein or are otherwise required to be part of this Supplemental Indenture and shall, to the extent applicable, be governed by such
provisions. 
 SECTION 1311. Communication by Holders of Notes with Other Holders of Notes. 

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

SECTION 1312. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity or Maturity of any Note shall not be a Business Day, then
(notwithstanding any other provision of this Supplemental Indenture or of the Notes) payment of principal (or premium, if any) or interest need not be made on such date, but may be made on the next succeeding Business Day with the same force and
effect as if made on the Interest Payment Date, Redemption Date, or at the Stated Maturity or Maturity; provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date, Stated Maturity or
Maturity, as the case may be. 
 SECTION 1313. No Personal Liability of Directors, Officers, Employees and Shareholders. 

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

  
 -97- 

 SECTION 1314. Trust Indenture Act Controls. 

If any provision of the Base Indenture (as it relates to the Notes) or this Supplemental Indenture limits, qualifies or conflicts with another
provision which is required to be included therein or herein by the TIA, the provision required by the TIA shall control. If any provision of the Base Indenture (as it relates to the Notes) or this Supplemental Indenture modifies or excludes any
provision of the TIA that may be so modified or excluded, the latter provision shall be deemed to apply to the Base Indenture (as it relates to the Notes) or this Supplemental Indenture, as the case may be, as so modified or excluded, as the case
may be. 
 SECTION 1315. Counterparts. 

This Supplemental Indenture may be executed in any number of counterparts, each of which shall be original; but such counterparts shall
together constitute but one and the same instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture
as to the parties hereto and may be used in lieu of the original Supplemental Indenture and signature pages for all purposes. 
 SECTION
1316. USA Patriot Act. 
 The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act the Trustee
and Agents, like all financial institutions and in order to help fight the funding of terrorism and money laundering, are required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship
or opens an account. The parties to this Supplemental Indenture agree that they will provide the Trustee and the Agents with such information as they may reasonably request in order to satisfy the requirements of the USA Patriot Act. 

SECTION 1317. Waiver of Jury Trial. 

EACH OF THE COMPANY 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 SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 

SECTION 1318. Effective Indenture. 

This Supplemental Indenture modifies, amends, supplements and deletes certain terms contained the Base Indenture. The modifications,
amendments, supplements and deletions to the Base Indenture affected by this Supplemental Indenture shall be applicable only with respect to, and shall only govern the terms of, the Notes, except as otherwise provided herein, and shall not apply to
any other securities that may be issued under the Base Indenture unless a supplemental indenture with respect to such other securities specifically incorporates such changes, modifications and supplements. 

[Signature pages follow] 

  
 -98- 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed all as of the day and year first above written. 
  

			
	AIRCASTLE LIMITED
		
	By:	 	 /s/ David Walton

		 	Name: David Walton
		 	 Title:   Chief Operation Officer, General

            Counsel and Secretary

  
 S-1 

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	 /s/ Brandon Horak

		 	Name: Brandon Horak
		 	 Title:   Trust Officer

  
 S-2 

 EXHIBIT A 

[FACE OF NOTE] 
 AIRCASTLE LIMITED

 4.625% Senior Note due 2018 
  

			
	No.	  	 CUSIP No. 00928Q
AL5                    
  

$        

 AIRCASTLE LIMITED, a Bermuda exempted company (the “Company,” which term includes any successor
Person under the Indenture hereinafter referred to), for value received, promises to pay to             , or its registered assigns, the principal sum of
            Dollars ($    ), on December 15, 2018. 
  

			
	Interest Rate:	  	4.625% per annum.
	Interest Payment Dates:	  	June 15 and December 15 of each year commencing June 15, 2014.
	Regular Record Dates:	  	June 1 and December 1 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. 

  
 A-1-1 

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

			
	AIRCASTLE LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-1-2 

 (Form of Trustee’s Certificate of Authentication) 

This is one of the 4.625% Senior Notes due 2018 referred to in the within-mentioned Indenture. 

 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

		
	 By:
	 	  

		 	 Authorized Signatory

 Dated:
                                         
    

  
 A-1-3 

 [REVERSE SIDE OF NOTE] 

AIRCASTLE LIMITED 
 4.625% Senior
Note due 2018 
 1. Principal and Interest. 

The Company will pay the principal of the 4.625% Senior Notes due 2018 (the “Notes”) on December 15, 2018. 

The Company promises to pay interest on the principal amount of this Note on each Interest Payment Date, as set forth below, at the rate of
4.625% per annum. 
 Interest will be payable semi-annually (to the Holders of record of the Notes (or any Predecessor Notes) at the
close of business on June 1 or December 1 immediately preceding the Interest Payment Date) on each Interest Payment Date, commencing June 1, 2014. 

Interest on this Note will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from
December 5, 2013; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a Regular Record Date referred to on the face hereof and the next succeeding Interest Payment Date,
interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

The Company shall pay interest on overdue principal and premium, if any, and interest on overdue installments of interest, to the extent
lawful, at a rate per annum equal to the rate of interest applicable to the Notes. 
 2. Method of Payment. 

The Company will pay interest (except defaulted interest) on the principal amount of the Notes on each June 15 and December 15 to the
Persons who are Holders (as reflected in the Note Register at the close of business on June 1 and December 1 immediately preceding the Interest Payment Date), in each case, even if the Note is cancelled on registration of transfer or
registration of exchange after such Regular Record Date; provided that, with respect to the payment of principal, the Company will make payment to the Holder that surrenders this Note to any Paying Agent on or after December 15, 2018.

 The Company will pay principal (premium, if any) and interest in money of the United States that at the time of payment is legal tender
for payment of public and private debts. The principal of (and premium, if any) and interest on the Notes shall be payable at the office or agency of the Company maintained for such purpose in The City and State of New York or, at the option of the
Company, payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in the Note Register of Holders; provided that all payments of principal, premium, if any, and interest, if any, with
respect to Notes represented by one or more Global Notes registered in the name of or held by Depositary or its nominee will be made by wire transfer of immediately available funds to the accounts specified by the Holder or Holders thereof. Until
otherwise designated by the Company, the Company’s office or agency in New York shall be the office of the Trustee maintained for such purpose. If a payment date is a date other than a Business Day at a place of payment, payment may be made at
that place on the next succeeding day that is a Business Day and no interest shall accrue for the intervening period. 

  
 A-1-4 

 3. Paying Agent and Note Registrar. 

Initially, the Trustee will act as Paying Agent and Note Registrar. The Company may change any Paying Agent or Note Registrar upon written
notice thereto. The Company may act as Paying Agent, Note Registrar or co-registrar. 
 4. Indenture; Limitations. 

The Company issued the Notes under that certain First Supplemental Indenture dated as of December 5, 2013 (the “Supplemental
Indenture”), between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”), to that certain Base Indenture dated as of December 5, 2013, between the Company and the Trustee (the “Base
Indenture” and, together with the Supplemental Indenture and any future supplemental indenture entered into thereunder, the “Indenture”). Capitalized terms herein are used as defined in the Indenture unless otherwise indicated. The
terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act. The Notes are subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for
a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the terms of the Indenture, the terms of the Indenture shall control. 

The Notes are senior unsecured obligations of the Company. The Indenture does not limit the aggregate principal amount of the Notes. 

5. Redemption. 
 Optional
Redemption. Prior to December 15, 2016, the Company may, at its option, redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture at a Redemption Price equal to 104.625% of the aggregate principal amount
thereof, plus accrued and unpaid interest thereon, 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, with the net
proceeds of one or more Equity Offerings of the Company; provided that at least 65% of the sum of the aggregate principal amount of Notes originally issued under the Indenture on the Issue Date remains outstanding immediately after the
occurrence of each such redemption; provided, further, that each such redemption occurs within 90 days of the date of closing of each such Equity Offering. 

The Company may also redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ prior notice mailed by first class
mail to each Holder’s registered address, at a Redemption Price equal to the greater of (a) 100% of the principal amount of Notes redeemed, plus accrued and unpaid interest thereon to, but not including, the Redemption Date, and
(b) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes from the Redemption Date to, but not including, the maturity date of the Notes (computed using a discount rate equal to the Treasury
Rate as of such Redemption Date plus 50 basis points), plus accrued and unpaid interest to, but not including, the Redemption Date. 
 The
Company will be entitled, at its option, to redeem the Notes in whole if at any time it becomes obligated to pay additional amounts on the Notes on the next interest payment date with respect to the Notes, but only if its obligation results from a
change in, or an amendment to, the laws or treaties (including any regulations or official rulings promulgated thereunder) of a Relevant Tax Jurisdiction (or a political subdivision or taxing authority thereof or therein), or from a change in any
official position regarding the interpretation, administration or application of those laws, treaties, regulations or official rulings (including a change resulting from a holding, judgment or order by a court of competent jurisdiction),

  
 A-1-5 

 
that becomes effective and is announced after the Issue Date (or, if the applicable Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a date after the Issue Date, such later date)
and provided the Company cannot avoid the obligation after taking reasonable measures to do so. If the Company redeems the Notes in these circumstances, it will do so at a Redemption Price equal to 100% of the principal amount of the Notes
redeemed, plus accrued and unpaid interest, if any, and any other amounts due to the redemption date. 
 If the Company becomes entitled to
redeem the Notes in these circumstances, it may do so at any time on a redemption date of its choice. However, the Company must give the Holders of the Notes being redeemed notice of the redemption not less than 30 days or more than 60 days before
the redemption date and not more than 90 days before the next date on which it would be obligated to pay additional amounts. In addition, the Company’s obligation to pay additional amounts must remain in effect when it gives the notice of
redemption. Notice of the Company’s intent to redeem the Notes shall not be effective until such time as it delivers to the Trustee both a certificate signed by two of its officers stating that the obligation to pay additional amounts cannot be
avoided by taking reasonable measures and an opinion of independent legal counsel or an independent auditor stating that the Company is obligated to pay additional amounts because of an amendment to or change in law, treaties or position as
described in the preceding paragraph. 
 In addition to the Company’s rights to redeem Notes as set forth above, the Company may at any
time purchase Notes in open-market transactions, tender offers or otherwise. 
 6. Repurchase upon a Change in Control and Asset Sales. 

Upon the occurrence of (a) a Change in Control, the Holders of the Notes will have the right to require that the Company purchase such
Holder’s outstanding Notes, in whole or in part, at a purchase price of 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date of purchase and (b) Asset Sales, the Company may be
obligated to make offers to purchase Notes and other senior Indebtedness with a portion of the Net Proceeds of such Asset Sales at a Redemption Price of 100% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of
purchase. 
 7. Denominations; Transfer; Exchange. 

The Notes are in registered form without coupons, in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. A
Holder may register the transfer or exchange of Notes in accordance with the Indenture. The Note Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by
law or permitted by the Indenture. The Note Registrar need not register the transfer or exchange of any Notes (i) during a period beginning at the opening of business 15 days before the mailing of a notice of redemption of Notes for redemption
under Section 1105 of the Indenture and ending at the close of business on the day of such mailing, (ii) selected for redemption (except the unredeemed portion of any Note being redeemed in part) and (iii) between a Record Date and
the next succeeding Interest Payment Date. 
 8. Persons Deemed Owners. 

A registered Holder may be treated as the owner of a Note for all purposes. 

  
 A-1-6 

 9. Unclaimed Money. 

If money for the payment of principal (premium, if any) or interest remains unclaimed for two years, the Trustee and the Paying Agent will pay
the money back to the Company at its written request. After that, Holders entitled to the money must look to the Company for payment, unless an abandoned property law designates another Person, and all liability of the Trustee and such Paying Agent
with respect to such money shall cease. 
 10. Discharge and Defeasance Prior to Redemption or Maturity. 

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

11. Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Base Indenture (as it refers to the Notes), the Supplemental Indenture or the Notes may be amended or
supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the Outstanding Notes, and any existing Default or compliance with any provision may be waived with the consent of the Holders of a majority in
aggregate principal amount of the Outstanding Notes. Without notice to or the consent of any Holder, the parties thereto may amend or supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or inconsistency and make
any change that does not adversely affect the rights of any Holder. 
 12. Restrictive Covenants. 

The Indenture contains certain covenants, including, without limitation, covenants with respect to the following matters: (i) Incurrence
of Indebtedness and Issuance of Disqualified Stock and Preferred Stock; (ii) Restricted Payments; (iii) Transactions with Affiliates; (iv) Liens; (v) Purchase of Notes upon a Change in Control; (vi) Disposition of Proceeds
of Asset Sales; (vii) Note Guarantees; (viii) Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries; and (ix) Amalgamation, Merger, Consolidation or Sale of all or Substantially all Assets. 

13. Successor Persons. 
 When a successor
Person or other entity assumes all the obligations of its predecessor under the Notes and the Indenture, the predecessor Person will be released from those obligations. 

14. Remedies for Events of Default. 
 If
an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the Outstanding Notes may declare all the Notes to be immediately due and payable. If a bankruptcy or
insolvency default with respect to the Company or any of its Significant Subsidiaries occurs and is continuing, the Notes automatically become immediately due and payable. Holders may not enforce the Indenture or the Notes except as provided in the
Indenture. The Trustee may require indemnity reasonably satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of at least a majority in aggregate principal amount of the Outstanding Notes may
direct the Trustee in its exercise of any trust or power. 

  
 A-1-7 

 15. Guarantees. 

If the Notes are guaranteed, the Company’s obligations under the Notes are fully, irrevocably and unconditionally guaranteed on a senior
basis, to the extent set forth in the Indenture, by each of the Guarantors. 
 16. Trustee Dealings with Company. 

The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may make loans to,
accept deposits from, perform services for, and otherwise deal with, the Company and its Affiliates as if it were not the Trustee. 
 17.
Authentication. 
 This Note shall not be valid until the Trustee signs the certificate of authentication on the other side of this
Note. 
 18. Abbreviations. 
 Customary
abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian) and
U/G/M/A (= Uniform Gifts to Minors Act). 
 The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to Aircastle Limited, 300 First Stamford Place, 5th Floor, Stamford, Connecticut 06902, attention of Dave Walton, General Counsel. 

19. GOVERNING LAW. 
 THIS NOTE SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
 A-1-8 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 (I) or (we)
assign and transfer this Note to: 
  
  

(Insert assignee’s legal name) 
  

 
 (Insert assignee’s soc. sec. or
tax I.D. no.) 
  
  

(Print or type assignee’s name, address and zip code) 

and irrevocably appoint 
  

 
 to transfer this Note on the books of the Company.
The agent may substitute another to act for him. 
 Date:
                                     

 

			
	Your Signature:	 	  
 (Sign exactly as your name appears on the face of this
Note)

 Signature Guarantee*:
                                         
    
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-1-9 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 1016 or 1017 of the Indenture, check the appropriate
box below: 
  ̈
Section 1016                             ̈
Section 1017 
 If you want to elect to have only part of the Note purchased by the Company pursuant to Section 1016 or
Section 1017 of the Indenture, state the amount you elect to have purchased: 

$                       
               
 Date:
                                 

 

			
	Your Signature:	 	  
 (Sign exactly as your name appears on the face of this
Note)

	
	Tax Identification No.:
                                         
       

 Signature Guarantee*:
                                        

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-1-10 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	Amount of
decrease
in Principal
Amount
of this Global Note	  	Amount of increase
in Principal
Amount
of this Global Note	  	Principal Amount
of this Global
Note
following such
decrease (or
increase)	  	Signature of
authorized signatory
of Trustee
or Custodian

  

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

  
 A-1-11 

 EXHIBIT B 

INCUMBENCY CERTIFICATE 
 The
undersigned,             , being the             of             (the
“Company”), does hereby certify that the individuals listed below are qualified and acting officers of the Company as set forth in the right column opposite their respective names and the signatures appearing in the extreme right column
opposite the name of each such officer is a true specimen of the genuine signature of such officer and such individuals have the authority to execute documents to be delivered to, or upon the request of, WELLS FARGO BANK, NATIONAL ASSOCIATION, as
Trustee under the Indenture dated as of             , 20    , by and between the Company and WELLS FARGO BANK, NATIONAL ASSOCIATION. 

 

					
	 Name
	  	 Title
	  	 Signature

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate as of the
            day of             , 20    . 

 

			
	By:	 	 
		 	 Name:
 Title:

  
 B-1EX-4.1

 Exhibit 4.1 

[FORM OF] 
 SEVENTH
SUPPLEMENTAL INDENTURE 
 Dated as of December 6, 2013 

to 
 INDENTURE 

Dated as of May 18, 2009 

Among 
 MICROSOFT
CORPORATION, 
 as Issuer 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

as Trustee 
 and

 THE BANK OF NEW YORK MELLON, LONDON BRANCH, 

as London Paying Agent 
  

 
 2.125% Notes
due 2021 
 3.125% Notes due 2028 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE 1. DEFINITIONS
	  	 	2	  
			
	 Section 1.1.
	 	Definition of Terms	  	 	2	  
		
	 ARTICLE 2. TERMS AND CONDITIONS OF NOTES
	  	 	2	  
			
	 Section 2.1.
	 	Designation and Principal Amount	  	 	2	  
	 Section 2.2.
	 	Maturity	  	 	3	  
	 Section 2.3.
	 	Further Issues	  	 	3	  
	 Section 2.4.
	 	Payment	  	 	3	  
	 Section 2.5.
	 	Global Securities	  	 	3	  
	 Section 2.6.
	 	Interest	  	 	4	  
	 Section 2.7.
	 	Authorized Denominations	  	 	4	  
	 Section 2.8.
	 	Redemption and Sinking Fund	  	 	4	  
	 Section 2.9.
	 	Ranking	  	 	4	  
	 Section 2.10.
	 	Appointments	  	 	4	  
	 Section 2.11.
	 	Defeasance	  	 	5	  
		
	 ARTICLE 3. FORM OF NOTES
	  	 	5	  
			
	 Section 3.1.
	 	Form of Notes	  	 	5	  
		
	 ARTICLE 4. ORIGINAL ISSUE OF NOTES
	  	 	5	  
			
	 Section 4.1.
	 	Original Issue of Notes	  	 	5	  
	 Section 4.2.
	 	Issuance in Euro	  	 	6	  
		
	 ARTICLE 5. MISCELLANEOUS
	  	 	6	  
			
	 Section 5.1.
	 	Ratification of Indenture	  	 	6	  
	 Section 5.2.
	 	Trustee Not Responsible for Recitals	  	 	6	  
	 Section 5.3.
	 	Governing Law	  	 	6	  
	 Section 5.4.
	 	Separability	  	 	6	  
	 Section 5.5.
	 	Counterparts	  	 	7	  
		
	 EXHIBIT A – Form of 2021 Notes
	  	 	A-1	  
		
	 EXHIBIT B – Form of 2028 Notes
	  	 	B-1	  

 SEVENTH SUPPLEMENTAL INDENTURE, dated as of December 6, 2013 (this “Supplemental
Indenture”), among MICROSOFT CORPORATION, a corporation duly organized and existing under the laws of the State of Washington (the “Company”), THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association
duly organized and existing under the laws of the United States, as Trustee (the “Trustee”), and THE BANK OF NEW YORK MELLON, LONDON BRANCH, as London Paying Agent (the “London Paying Agent”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company executed and delivered to the Trustee the Indenture, dated as of May 18, 2009 (the “Indenture”), to
provide for the issuance of the Company’s debt securities (the “Securities”), to be issued in one or more series, a First Supplemental Indenture, dated as of May 18, 2009, a Second Supplemental Indenture, dated as of
September 27, 2010, a Third Supplemental Indenture, dated as of February 9, 2011, a Fourth Supplemental Indenture, dated as of November 7, 2012, a Fifth Supplemental Indenture, dated as of May 2, 2013 and a Sixth Supplemental
Indenture, dated as of May 2, 2013; 
 WHEREAS, pursuant to the terms of the Indenture, the Company desires to provide for the
establishment of two new series of its Securities under the Indenture to be known as its “2.125% Notes due 2021” (the “2021 Notes”) and “3.125% Notes due 2028” (the “2028 Notes” and, together
with the 2021 Notes, the “Notes”), the form and substance and the terms, provisions and conditions thereof to be set forth as provided in the Indenture and this Supplemental Indenture; 

WHEREAS, the Board of Directors of the Company by duly adopted resolutions has authorized the proper officers of the Company to, among other
things, determine the terms of the Securities to be issued under the Indenture and execute any and all appropriate documents necessary or appropriate to effect each such issuance; 

WHEREAS, this Supplemental Indenture is being entered into pursuant to the provisions of Section 901(7) of the Indenture; 

WHEREAS, the Company has requested that the Trustee and the London Paying Agent execute and deliver this Supplemental Indenture; and 

WHEREAS, all things necessary to make this Supplemental Indenture a valid agreement of the Company, in accordance with its terms, and to make
the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company, have been performed, and the execution and delivery of this Supplemental Indenture has been duly authorized in all
respects. 
 NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, and for the purpose of setting forth, as
provided in the Indenture, the forms and terms of the Notes, the Company covenants and agrees, with the Trustee and the London Paying Agent, as follows: 

 ARTICLE 1. 

DEFINITIONS 

Section 1.1. Definition of Terms. Unless the context otherwise requires: 

(a) each term defined in the Indenture has the same meaning when used in this Supplemental Indenture; 

(b) the singular includes the plural, and vice versa; 

(c) headings are for convenience of reference only and do not affect interpretation; and 

(d) for purposes of the Notes and this Supplemental Indenture only, the following terms have the meanings given to them in this
Section 1.1(d): 
 “Additional Amounts” has the meaning specified in Exhibit A. 

“Business Day” means any day, other than a Saturday or a Sunday, (1) which is not a day on which banking
institutions are authorized or obliged by law or executive order to close in New York City or London and (2) on which the Trans-European Automated Real-time Gross Settlement Express Transfer System (the TARGET2 system), or any successor
thereto, is open. 
 “Common Depositary” means The Bank of New York Mellon, London Branch, as common
depositary for the Depositary. 
 “Depositary” means Clearstream Banking, société
anonyme, and Euroclear Bank SA/NV. 
 “Specified Office of the London Paying Agent” means, initially,
the London Branch of The Bank of New York Mellon, located at One Canada Square, London E14 5AL, England. 
 ARTICLE 2. 

TERMS AND CONDITIONS OF NOTES 

Section 2.1. Designation and Principal Amount. 

(a) There is hereby authorized and established a series of Securities under the Indenture, designated as the “2.125% Notes due 2021,”
which is initially limited in aggregate principal amount to €1,750,000,000 (except upon registration of transfer of, or in exchange for, or in lieu of, other 2021 Notes pursuant to Section 304, 305, 306, 906 or 1107 of the Indenture and
except for any Securities which, pursuant to Section 303 of the Indenture, are deemed never to have been authenticated and delivered). 

  
 2 

 (b) There is hereby authorized and established a series of Securities under the Indenture,
designated as the “3.125% Notes due 2028,” which is initially limited in aggregate principal amount to €1,750,000,000 (except upon registration of transfer of, or in exchange for, or in lieu of, other 2028 Notes pursuant to
Section 304, 305, 306, 906 or 1107 of the Indenture and except for any Securities which, pursuant to Section 303 of the Indenture, are deemed never to have been authenticated and delivered). 

Section 2.2. Maturity. 

(a) The Stated Maturity of principal of the 2021 Notes shall be December 6, 2021. 

(b) The Stated Maturity of principal of the 2028 Notes shall be December 6, 2028. 

Section 2.3. Further Issues. The Company may at any time and from time to time, without the consent of the Holders of either
series of the Notes, issue additional notes of such series; provided that such additional notes are fungible for U.S. federal income tax purposes with the relevant series of Notes. Any such additional notes shall have the same ranking,
interest rate, maturity date and other terms as the relevant series of Notes. Any such additional notes of a series, together with the Notes of the relevant series herein provided for, shall constitute a single series of Securities under the
Indenture. 
 Section 2.4. Payment. Principal of (and the applicable redemption price, if any) and interest (including
Additional Amounts, if any) on the Notes shall be payable in euro (except as provided in Section 4.2) in immediately available funds at the Corporate Trust Office of the Trustee, the Specified Office of the London Paying Agent or the agency of
the Company; provided, however, that at the option of the Company, the Company may pay interest by check mailed to the Holder entitled thereto at such Holder’s address as it appears on the Security Register. 

Notwithstanding the foregoing, (1) the Common Depositary, as Holder of the Notes, or (2) a Holder of more than €5,000,000 in
aggregate principal amount of Outstanding Notes in definitive form may require the London Paying Agent to make payments of interest, other than interest due at maturity or upon redemption, by wire transfer of immediately available funds into an
account maintained by such Holder, by sending appropriate written wire transfer instructions to the London Paying Agent as long as the London Paying Agent receives such instructions not less than 10 days prior to the applicable Interest Payment
Date and against presentation of such Holder’s Note at the Specified Office of the London Paying Agent. 
 For purposes of the Notes
and this Supplemental Indenture, the references in Sections 1001, 1003 and 1105 of the Indenture to “11:00 a.m. (New York City time)” shall be replaced with “11:00 a.m. (London time)”. 

Section 2.5. Global Securities. Upon the original issuance, the Notes will be represented by Global Securities registered in the
name of the nominee of the Common Depositary. The Company will deposit the Global Securities with the Common Depositary. 

  
 3 

 Section 2.6. Interest. 

(a) The 2021 Notes will bear interest from December 6, 2013 at the rate of 2.125% per annum, payable annually in arrears. Interest
payable on each Interest Payment Date will include interest accrued from December 6, 2013, or from the most recent Interest Payment Date to which interest has been paid or duly provided for. The Interest Payment Date on which such interest
shall be payable is December 6, commencing on December 6, 2014; and the Record Date for the interest payable on any Interest Payment Date is the close of business on the December 5 next preceding the relevant Interest Payment Date.

 (b) The 2028 Notes will bear interest from December 6, 2013 at the rate of 3.125% per annum, payable annually in arrears.
Interest payable on each Interest Payment Date will include interest accrued from December 6, 2013, or from the most recent Interest Payment Date to which interest has been paid or duly provided for. The Interest Payment Date on which such
interest shall be payable is December 6, commencing on December 6, 2014; and the Record Date for the interest payable on any Interest Payment Date is the close of business on the December 5 next preceding the relevant Interest Payment
Date. 
 (c) Interest on the Notes shall be computed on the basis of the actual number of days in the period for which interest is being
calculated and the actual number of days from and including the last date on which interest was paid on the Notes or duly provided for (or the original issue date if no interest has been paid or duly provided for on the Notes), to but excluding the
next date on which interest is paid or duly provided for. If any Interest Payment Date falls on a day that is not a Business Day, the interest payment will be made on the next succeeding Business Day, and the Company shall not be liable for any
additional interest as a result of the delay in payment. If a maturity date falls on a day that is not a Business Day, the related payment of principal and interest will be made on the next succeeding Business Day, and no interest will accrue on the
amounts so payable for the period from and after such date to the next succeeding Business Day. 
 Section 2.7. Authorized
Denominations. The Notes shall be issuable in denominations of €100,000 in principal amount and integral multiples of €1,000 in excess thereof. 

Section 2.8. Redemption and Sinking Fund. The Notes shall not be redeemable at the option of the Company or at the option of the
Holders except as set forth in the Notes. The Notes shall not be entitled to the benefit of any sinking fund. 
 Section 2.9.
Ranking. The Notes shall be senior unsecured debt securities of the Company, ranking equally with the Company’s other unsecured and unsubordinated debt. 

Section 2.10. Appointments. The Trustee will be the initial Security Registrar and the London Paying Agent will be the initial
Paying Agent for the Notes. The Bank of New York Mellon, London Branch, as London Paying Agent hereunder, shall have all of the rights, privileges, protections and immunities granted to the Trustee in the Indenture mutatis mutandis. 

  
 4 

 Section 2.11. Defeasance. The Company may elect, at its option at any time, pursuant
to Section 1301 of the Indenture, to have Section 1302 or Section 1303 of the Indenture, or both, apply to the 2021 Notes or the 2028 Notes, or all, or any principal amount thereof. For purposes of the Notes and this Supplemental
Indenture, the last sentence of Section 1304(1) of the Indenture shall be replaced with the following: 
 “As used
herein, “U.S. Government Obligation” means (I)(x) any security which is (i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or
(ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States
of America, which, in either case (I)(x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with
respect to any U.S. Government Obligation which is specified in clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S.
Government Obligation which is so specified and held; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the
custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt or (II)(x) any security which is (i) a direct obligation of the German Government or (ii) an
obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the German Government the payment of which is fully and unconditionally guaranteed by the German Government, the central bank of the German Government
or a governmental agency of the German Government, which, in either case (II)(x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) certificates, depositary receipts or other instruments which evidence a
direct ownership interest in obligations described in clause (II)(x)(i) or (ii) above or in any specific principal or interest payments due in respect thereof.” 

ARTICLE 3. 
 FORM OF
NOTES 
 Section 3.1. Form of Notes. The Notes and the Trustee’s Certificate of Authentication to be endorsed thereon
are to be substantially in the forms set forth in Exhibits A and B hereto. 
 ARTICLE 4. 

ORIGINAL ISSUE OF NOTES 

Section 4.1. Original Issue of Notes. The Notes may, upon execution of this Supplemental Indenture, be executed by the Company and
delivered to the Trustee for authentication, and the Trustee shall, upon Company Order, authenticate and deliver such Notes as in such Company Order provided. 

  
 5 

 Section 4.2. Issuance in Euro. All payments of principal of, the Redemption Price (if
any), interest and Additional Amounts (if any) and any other payments pursuant to the Indenture, on the Notes, will be payable in euro; provided, however, that if, on or after December 3, 2013, the euro is unavailable to the
Company due to the imposition of exchange controls or other circumstances beyond the Company’s control or if the euro is no longer being used by the then member states of the European Monetary Union that have adopted the euro as their currency
or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in U.S. dollars until the euro is again available to the Company or so used. The
amount payable on any date in euro will be converted into U.S. dollars at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal
Reserve Board has not mandated a rate of conversion, on the basis of the most recent U.S. dollar/euro exchange rate published in The Wall Street Journal on or prior to the second Business Day prior to the relevant payment date. Any payment in
respect of the Notes so made in U.S. dollars will not constitute an event of default under the Notes, the Indenture or this Supplemental Indenture. Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or
conversion in connection with the foregoing. Any references elsewhere in this Supplemental Indenture or the Notes to payments being made in euro notwithstanding shall be made in U.S. dollars to the extent set forth in this Section 4.2. 

ARTICLE 5. 

MISCELLANEOUS 

Section 5.1. Ratification of Indenture. The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified
and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided; provided, however, that the provisions of this Supplemental Indenture shall apply solely
with respect to the Notes. 
 Section 5.2. Trustee Not Responsible for Recitals. The recitals herein contained are made by the
Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 

Section 5.3. Governing Law. This Supplemental Indenture and each Note shall be governed by, and construed in accordance with, the
laws of the State of New York. 
 Section 5.4. Separability. In case any one or more of the provisions contained in the
Indenture, this Supplemental Indenture or the Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of the Indenture, this
Supplemental Indenture or the Notes, but the Indenture, this Supplemental Indenture and the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

  
 6 

 Section 5.5. Counterparts. This Supplemental Indenture may be executed in any number
of counterparts each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

[Signature page follows] 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the day and year first above written. 
  

			
	MICROSOFT CORPORATION
		
	By:	 	  

	Name:	 	George H. Zinn
	Title:	 	Corporate Vice President, Treasurer
	
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

      as Trustee

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Solely to accept its appointment under Section 2.10:
	
	 THE BANK OF NEW YORK MELLON, LONDON BRANCH,

      as London Paying Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Seventh Supplemental Indenture] 

 EXHIBIT A 

[FORM OF NOTE] 
 THIS
NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, AS NOMINEE OF THE BANK OF NEW YORK MELLON, AS COMMON DEPOSITARY (THE “COMMON
DEPOSITARY”) FOR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME AND EUROCLEAR BANK SA/NV. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, EXCEPT
AS A WHOLE BY THE COMMON DEPOSITARY OR ANOTHER DEPOSITARY OR BY THE COMMON DEPOSITARY OR A NOMINEE OF THE COMMON DEPOSITARY TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY OR IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE. 
 MICROSOFT CORPORATION 

2.125% Notes due 2021 
  

			
	ISIN: XS1001749107	 	Common Code: 100174910
		
	No. A-1	 	€1,750,000,000

 MICROSOFT CORPORATION, a corporation duly incorporated under the laws of the State of Washington (herein
called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank of New York Depository (Nominees) Limited, or registered assigns,
the principal sum of €1,750,000,000 (ONE BILLION SEVEN-HUNDRED FIFTY MILLION EURO) on December 6, 2021, and to pay interest thereon from December 6, 2013 or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, annually on December 6 of each year, commencing on December 6, 2014, at the rate of 2.125% per annum, until the principal hereof is paid or made available for payment; provided that any principal, premium and
Additional Amounts, if any, and any such installment of interest, which is overdue shall bear interest at the rate of 2.125% per annum (to the extent permitted by applicable law), from the dates such amounts are due until they are paid or made
available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the December 5 (whether or not a Business Day) next preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is 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 of Notes of this series not less than 10 days prior to such Special
Record Date, or be paid 

  
 A-1 

 
at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes of this series may be listed, and upon such notice as may be required
by such exchange, all as more fully provided in the Indenture. 
 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. 

  
 A-2 

 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

Dated: December 6, 2013 
  

			
	MICROSOFT CORPORATION
		
	By:	 	  

	Name:	 	George H. Zinn
	Title:	 	Corporate Vice President, Treasurer

  
 A-3 

 This Note is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture. 
 Dated: December 6, 2013 
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 A-4 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of securities of the Company (herein called the “Notes”), issued under an
Indenture, dated as of May 18, 2009, and a seventh supplemental indenture relating to such series dated as of December 6, 2013 (herein, collectively called the “Indenture,” which term shall have the meaning assigned to it
in such instrument), among the Company, The Bank of New York Mellon Trust Company, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and The Bank of New York Mellon,
London Branch, as London Paying Agent, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and
of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, such series initially limited in aggregate principal amount to €1,750,000,000; provided that
the Company may at any time and from time to time, without the consent of any Holder, issue additional Notes of this series. 
 The Notes of
this series are not redeemable at the option of the Holders. 
 At any time prior to September 6, 2021, the Notes shall be redeemable
in whole or in part, at any time or from time to time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption
price (the “Make-Whole Redemption Price”), calculated by the Company, equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of each remaining scheduled
payment of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on an annual basis (Actual/Actual (ICMA)) at the applicable Bond Rate plus 15 basis points. 

At any time on or after September 6, 2021, the Notes shall be redeemable in whole or in part, at the Company’s option, on at least
30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price (the “Final Redemption Price” and, together with the Make-Whole Redemption
Price, the “Redemption Price”) equal to 100% of the principal amount of the Notes to be redeemed. 
 The Redemption Price
for any Notes redeemed pursuant to the preceding two paragraphs shall include accrued and unpaid interest on the principal amount of such Notes to the Redemption Date. 

For purposes of calculating of the Make-Whole Redemption Price, the following terms shall have the following specified meanings: 

“Bond Rate” means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity
or interpolated maturity (on a day count basis) of the applicable Comparable Government Issue (computed as of the third Business Day immediately preceding the Redemption Date), assuming a price for such Comparable Government Issue (expressed as a
percentage of its principal amount) equal to the applicable Comparable Price for such Redemption Date. 

  
 A-5 

 “Comparable Government Issue” means the euro-denominated security issued by the
German government selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes that would be utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of the Notes. 

“Comparable Price” means, with respect to any Redemption Date (1) the arithmetic average of the Reference Dealer
Quotations for such Redemption Date, after excluding the highest and lowest such Reference Dealer Quotations or (2) if the Company obtains fewer than four such Reference Dealer Quotations, the arithmetic average of all such quotations for such
Redemption Date. 
 “Independent Investment Banker” means an investment bank of international standing appointed by the
Company. 
 “Reference Dealer” means a broker of, or a market maker in, the Comparable Government Issue selected by the
Independent Investment Banker. 
 “Reference Dealer Quotation” means, with respect to each Reference Dealer and any
Redemption Date, the arithmetic average, as determined by the Company, of the bid and asked prices for the applicable Comparable Government Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by
such Reference Dealer at 11:00 a.m. (London time) on the third Business Day preceding such Redemption Date. 
 The Company shall pay to the
Holder (including, for purposes of this section, each beneficial owner) of this Note who is a Non-U.S. Person (as defined below) additional amounts as may be necessary so that every net payment of principal of and premium, if any, and interest on
this Note to such Holder, after deduction or withholding for or on account of any present or future tax, assessment or other governmental charge imposed upon such Holder by the United States of America or any taxing authority thereof or therein,
will not be less than the amount provided in this Note to be then due and payable (such amounts, the “Additional Amounts”); provided, however, that the Company shall not be required to make any payment of Additional
Amounts for or on account of: 
 (i) any tax, assessment or other governmental charge that would not have been imposed but for (A) the
existence of any present or former connection (other than a connection arising solely from the ownership of those Notes or the receipt of payments in respect of those Notes) between that Holder, or between a fiduciary, settlor, beneficiary of,
member or shareholder of, or possessor of a power over, that Holder, if that Holder is an estate, trust, partnership or corporation, and the United States, including that Holder, or that fiduciary, settlor, beneficiary, member, shareholder or
possessor, being or having been a citizen or resident or treated as a resident of the United States or being or having been engaged in trade or business or present in the United States or having had a permanent establishment in the United States or
(B) the presentation of a debt security for payment on a date more than 30 days after the later of the date on which that payment becomes due and payable and the date on which payment is duly provided for; 

  
 A-6 

 (ii) any estate, inheritance, gift, sales, transfer, excise, personal property, wealth, interest
equalization or similar tax, assessment or other governmental charge; 
 (iii) any tax, assessment or other governmental charge imposed on
foreign personal holding company income or by reason of that Holder’s past or present status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect
to the United States or as a corporation that accumulates earnings to avoid U.S. federal income tax; 
 (iv) any tax, assessment or other
governmental charge which is payable otherwise than by withholding from payment of principal of or premium, if any, or interest on this Note; 

(v) any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment of principal of or premium,
if any, or interest on this Note if such payment can be made without withholding by any other paying agent; 
 (vi) any tax, assessment or
other governmental charge which would not have been imposed but for the failure of a Holder to comply with certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with
the United States of America of the Holder of this Note (including, but not limited to, the requirement to provide Internal Revenue Service Forms W-8BEN, Forms W-8ECI, or any subsequent versions thereof or successor thereto, and including, without
limitation, any documentation requirement under an applicable income tax treaty); 
 (vii) any tax, assessment or other governmental charge
imposed on interest received by (A) a 10% shareholder (as defined in Section 871(h)(3)(B) of the Internal Revenue Code, and the regulations that may be promulgated thereunder) of the Company or (B) a controlled foreign corporation
that is related to the Company within the meaning of Section 864(d)(4) of the Internal Revenue Code or (C) a bank receiving interest described in Section 881(c)(3)(A) of the Internal Revenue Code; 

(viii) any withholding or deduction that is imposed on a payment to an individual and is required to be made pursuant to European Council
Directive 2003/48/EC relating to the taxation of savings, or any law implementing or complying with, or introduced in order to conform to, such Directive; 

(ix) any taxes payable under Sections 1471 through 1474 of the Internal Revenue Code (or any amended or successor version of such Sections),
any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or 

(x) any combination of items (i), (ii), (iii), (iv), (v), (vi), (vii), (viii) and (ix) above; 

nor shall any Additional Amounts be paid to any Holder who is a fiduciary or partnership to the extent that a beneficiary or settlor with respect to such
fiduciary, or a member of such partnership or a beneficial owner thereof, would not have been entitled to the payment of such Additional Amounts had such beneficiary, settlor, member or beneficial owner been the Holder. 

  
 A-7 

 For purposes of the foregoing paragraph, the following term shall have the following specified
meaning: 
 “Non-U.S. Person” means any corporation, partnership, individual or fiduciary that is, for United States
federal income tax purposes, a foreign corporation, a non-resident alien individual who has not made a valid election to be treated as a United States resident, a non-resident fiduciary of a foreign estate or trust, or a foreign partnership, one or
more of the members of which is, as to the United States of America, a foreign corporation, a non-resident alien individual or a non-resident fiduciary of a foreign estate or trust. 

The Notes may be redeemed at the option of the Company in whole, but not in part, on a date to be fixed by the Company on at least 15
days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder, at a redemption price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, if any, and any Additional Amounts
thereon, if the Company determines that (A) as a result of any change or amendment to the laws, treaties, regulations or rulings of the United States of America or any political subdivision or taxing authority thereof, which change or amendment
is announced and becomes effective after December 3, 2013, the Company has or will become obligated to pay Additional Amounts or (B) after December 3, 2013, any change in the official application, enforcement or interpretation of
those laws, treaties, regulations or rulings, including a holding by a court of competent jurisdiction in the United States or any other action, taken by any taxing authority or a court of competent jurisdiction in the United States, whether or not
such action was taken or made with respect to the Company, results in a material probability that the Company has or will become obligated to pay Additional Amounts on any Notes; provided that the Company determines, in its business judgment,
that the obligation to pay such Additional Amounts cannot be avoided by use of reasonable measures available to the Company, not including substitution of the obligor under the Notes. Prior to the mailing of any notice of such a redemption, the
Company shall deliver to the Trustee (1) an Officer’s Certificate stating that the Company is entitled to effect such a redemption and setting forth a statement of facts showing that the conditions precedent to the right of the Company to
so redeem have occurred and (2) an Opinion of Counsel to such effect based on such statement of facts. 
 Any notice of redemption
regarding the Notes shall be, at the election of the Company, given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. 

The provisions of Article XI of the Indenture shall apply to any redemption of the Notes. 

The Notes of this series are not entitled to the benefit of any sinking fund. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of the Notes of this series or certain restrictive
covenants and Events of Default with respect to such Notes, in each case upon compliance with certain conditions set forth in the Indenture. 

  
 A-8 

 If an Event of Default with respect to Notes of this series shall occur and be continuing, the
principal of such Notes may be declared, or shall immediately become, due and payable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Notes of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in aggregate principal amount of the Notes at the
time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Notes of each series at the time Outstanding, on behalf of the Holders of all
Notes of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holders of Notes of this series shall be
conclusive and binding upon such Holders and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Note. 
 As provided in and subject to the provisions of the Indenture, the Holders of the Notes of this series shall not have the
right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of
Default with respect to the Notes of this series, the Holders of not less than 25% in aggregate principal amount of the Notes of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect
of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in aggregate principal amount of such Notes at the time Outstanding a direction inconsistent
with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement
of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
 No reference
herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, 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 Security Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Note
are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

  
 A-9 

 The Notes of this series are issuable only in registered form without coupons in denominations of
€100,000 and integral multiples of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes of this series are exchangeable for a like principal amount of Notes of this series and
of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made
for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

This Note is a Global Security and is subject to the provisions of the Indenture relating to Global Securities, including the limitations in
Section 305 thereof on transfers and exchanges of Global Securities. 
 This Note and the Indenture shall be governed by, and construed
in accordance with, the laws of the State of New York. 
 All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. 

  
 A-10 

 EXHIBIT B 

[FORM OF NOTE] 
 THIS
NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, AS NOMINEE OF THE BANK OF NEW YORK MELLON, AS COMMON DEPOSITARY (THE “COMMON
DEPOSITARY”) FOR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME AND EUROCLEAR BANK SA/NV. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, EXCEPT
AS A WHOLE BY THE COMMON DEPOSITARY OR ANOTHER DEPOSITARY OR BY THE COMMON DEPOSITARY OR A NOMINEE OF THE COMMON DEPOSITARY TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY OR IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE. 
 MICROSOFT CORPORATION 

3.125% Notes due 2028 
  

			
	ISIN: XS1001749289	 	Common Code: 100174928
		
	No. A-1	 	€1,750,000,000

 MICROSOFT CORPORATION, a corporation duly incorporated under the laws of the State of Washington (herein
called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank of New York Depository (Nominees) Limited, or registered assigns,
the principal sum of €1,750,000,000 (ONE BILLION SEVEN-HUNDRED FIFTY MILLION EURO) on December 6, 2028, and to pay interest thereon from December 6, 2013 or from the most recent Interest Payment Date to which interest has been paid or
duly provided for, annually on December 6 of each year, commencing on December 6, 2014, at the rate of 3.125% per annum, until the principal hereof is paid or made available for payment; provided that any principal, premium and
Additional Amounts, if any, and any such installment of interest, which is overdue shall bear interest at the rate of 3.125% per annum (to the extent permitted by applicable law), from the dates such amounts are due until they are paid or made
available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the December 5 (whether or not a Business Day) next preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Securities) is 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 of Notes of this series not less than 10 days prior to such Special
Record Date, or be paid 

  
 B-1 

 
at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes of this series may be listed, and upon such notice as may be required
by such exchange, all as more fully provided in the Indenture. 
 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. 

  
 B-2 

 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

Dated: December 6, 2013 
  

			
	MICROSOFT CORPORATION
		
	By:	 	  

	Name:	 	George H. Zinn
	Title:	 	Corporate Vice President, Treasurer

  
 B-3 

 This Note is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture. 
 Dated: December 6, 2013 
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 B-4 

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of securities of the Company (herein called the “Notes”), issued under an
Indenture, dated as of May 18, 2009, and a seventh supplemental indenture relating to such series dated as of December 6, 2013 (herein, collectively called the “Indenture,” which term shall have the meaning assigned to it
in such instrument), among the Company, The Bank of New York Mellon Trust Company, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and The Bank of New York Mellon,
London Branch, as London Paying Agent, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and
of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, such series initially limited in aggregate principal amount to €1,750,000,000; provided that
the Company may at any time and from time to time, without the consent of any Holder, issue additional Notes of this series. 
 The Notes of
this series are not redeemable at the option of the Holders. 
 At any time prior to September 6, 2028, the Notes shall be redeemable
in whole or in part, at any time or from time to time, at the Company’s option, on at least 30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption
price (the “Make-Whole Redemption Price”), calculated by the Company, equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of each remaining scheduled
payment of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on an annual basis (Actual/Actual (ICMA)) at the applicable Bond Rate plus 20 basis points. 

At any time on or after September 6, 2028, the Notes shall be redeemable in whole or in part, at the Company’s option, on at least
30 days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder of Notes to be redeemed, at a redemption price (the “Final Redemption Price” and, together with the Make-Whole Redemption
Price, the “Redemption Price”) equal to 100% of the principal amount of the Notes to be redeemed. 
 The Redemption Price
for any Notes redeemed pursuant to the preceding two paragraphs shall include accrued and unpaid interest on the principal amount of such Notes to the Redemption Date. 

For purposes of calculating of the Make-Whole Redemption Price, the following terms shall have the following specified meanings: 

“Bond Rate” means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity
or interpolated maturity (on a day count basis) of the applicable Comparable Government Issue (computed as of the third Business Day immediately preceding the Redemption Date), assuming a price for such Comparable Government Issue (expressed as a
percentage of its principal amount) equal to the applicable Comparable Price for such Redemption Date. 

  
 B-5 

 “Comparable Government Issue” means the euro-denominated security issued by the
German government selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes that would be utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of the Notes. 

“Comparable Price” means, with respect to any Redemption Date (1) the arithmetic average of the Reference Dealer
Quotations for such Redemption Date, after excluding the highest and lowest such Reference Dealer Quotations or (2) if the Company obtains fewer than four such Reference Dealer Quotations, the arithmetic average of all such quotations for such
Redemption Date. 
 “Independent Investment Banker” means an investment bank of international standing appointed by the
Company. 
 “Reference Dealer” means a broker of, or a market maker in, the Comparable Government Issue selected by the
Independent Investment Banker. 
 “Reference Dealer Quotation” means, with respect to each Reference Dealer and any
Redemption Date, the arithmetic average, as determined by the Company, of the bid and asked prices for the applicable Comparable Government Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by
such Reference Dealer at 11:00 a.m. (London time) on the third Business Day preceding such Redemption Date. 
 The Company shall pay to the
Holder (including, for purposes of this section, each beneficial owner) of this Note who is a Non-U.S. Person (as defined below) additional amounts as may be necessary so that every net payment of principal of and premium, if any, and interest on
this Note to such Holder, after deduction or withholding for or on account of any present or future tax, assessment or other governmental charge imposed upon such Holder by the United States of America or any taxing authority thereof or therein,
will not be less than the amount provided in this Note to be then due and payable (such amounts, the “Additional Amounts”); provided, however, that the Company shall not be required to make any payment of Additional
Amounts for or on account of: 
 (i) any tax, assessment or other governmental charge that would not have been imposed but for (A) the
existence of any present or former connection (other than a connection arising solely from the ownership of those Notes or the receipt of payments in respect of those Notes) between that Holder, or between a fiduciary, settlor, beneficiary of,
member or shareholder of, or possessor of a power over, that Holder, if that Holder is an estate, trust, partnership or corporation, and the United States, including that Holder, or that fiduciary, settlor, beneficiary, member, shareholder or
possessor, being or having been a citizen or resident or treated as a resident of the United States or being or having been engaged in trade or business or present in the United States or having had a permanent establishment in the United States or
(B) the presentation of a debt security for payment on a date more than 30 days after the later of the date on which that payment becomes due and payable and the date on which payment is duly provided for; 

  
 B-6 

 (ii) any estate, inheritance, gift, sales, transfer, excise, personal property, wealth, interest
equalization or similar tax, assessment or other governmental charge; 
 (iii) any tax, assessment or other governmental charge imposed on
foreign personal holding company income or by reason of that Holder’s past or present status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect
to the United States or as a corporation that accumulates earnings to avoid U.S. federal income tax; 
 (iv) any tax, assessment or other
governmental charge which is payable otherwise than by withholding from payment of principal of or premium, if any, or interest on this Note; 

(v) any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment of principal of or premium,
if any, or interest on this Note if such payment can be made without withholding by any other paying agent; 
 (vi) any tax, assessment or
other governmental charge which would not have been imposed but for the failure of a Holder to comply with certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with
the United States of America of the Holder of this Note (including, but not limited to, the requirement to provide Internal Revenue Service Forms W-8BEN, Forms W-8ECI, or any subsequent versions thereof or successor thereto, and including, without
limitation, any documentation requirement under an applicable income tax treaty); 
 (vii) any tax, assessment or other governmental charge
imposed on interest received by (A) a 10% shareholder (as defined in Section 871(h)(3)(B) of the Internal Revenue Code, and the regulations that may be promulgated thereunder) of the Company or (B) a controlled foreign corporation
that is related to the Company within the meaning of Section 864(d)(4) of the Internal Revenue Code or (C) a bank receiving interest described in Section 881(c)(3)(A) of the Internal Revenue Code; 

(viii) any withholding or deduction that is imposed on a payment to an individual and is required to be made pursuant to European Council
Directive 2003/48/EC relating to the taxation of savings, or any law implementing or complying with, or introduced in order to conform to, such Directive; 

(ix) any taxes payable under Sections 1471 through 1474 of the Internal Revenue Code (or any amended or successor version of such Sections),
any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or 

(x) any combination of items (i), (ii), (iii), (iv), (v), (vi), (vii), (viii) and (ix) above; 

nor shall any Additional Amounts be paid to any Holder who is a fiduciary or partnership to the extent that a beneficiary or settlor with respect to such
fiduciary, or a member of such partnership or a beneficial owner thereof, would not have been entitled to the payment of such Additional Amounts had such beneficiary, settlor, member or beneficial owner been the Holder. 

  
 B-7 

 For purposes of the foregoing paragraph, the following term shall have the following specified
meaning: 
 “Non-U.S. Person” means any corporation, partnership, individual or fiduciary that is, for United States
federal income tax purposes, a foreign corporation, a non-resident alien individual who has not made a valid election to be treated as a United States resident, a non-resident fiduciary of a foreign estate or trust, or a foreign partnership, one or
more of the members of which is, as to the United States of America, a foreign corporation, a non-resident alien individual or a non-resident fiduciary of a foreign estate or trust. 

The Notes may be redeemed at the option of the Company in whole, but not in part, on a date to be fixed by the Company on at least 15
days’ but not more than 60 days’ prior notice mailed to the registered address of each Holder, at a redemption price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, if any, and any Additional Amounts
thereon, if the Company determines that (A) as a result of any change or amendment to the laws, treaties, regulations or rulings of the United States of America or any political subdivision or taxing authority thereof, which change or amendment
is announced and becomes effective after December 3, 2013, the Company has or will become obligated to pay Additional Amounts or (B) after December 3, 2013, any change in the official application, enforcement or interpretation of
those laws, treaties, regulations or rulings, including a holding by a court of competent jurisdiction in the United States or any other action, taken by any taxing authority or a court of competent jurisdiction in the United States, whether or not
such action was taken or made with respect to the Company, results in a material probability that the Company has or will become obligated to pay Additional Amounts on any Notes; provided that the Company determines, in its business judgment,
that the obligation to pay such Additional Amounts cannot be avoided by use of reasonable measures available to the Company, not including substitution of the obligor under the Notes. Prior to the mailing of any notice of such a redemption, the
Company shall deliver to the Trustee (1) an Officer’s Certificate stating that the Company is entitled to effect such a redemption and setting forth a statement of facts showing that the conditions precedent to the right of the Company to
so redeem have occurred and (2) an Opinion of Counsel to such effect based on such statement of facts. 
 Any notice of redemption
regarding the Notes shall be, at the election of the Company, given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. 

The provisions of Article XI of the Indenture shall apply to any redemption of the Notes. 

The Notes of this series are not entitled to the benefit of any sinking fund. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of the Notes of this series or certain restrictive
covenants and Events of Default with respect to such Notes, in each case upon compliance with certain conditions set forth in the Indenture. 

  
 B-8 

 If an Event of Default with respect to Notes of this series shall occur and be continuing, the
principal of such Notes may be declared, or shall immediately become, due and payable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Notes of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in aggregate principal amount of the Notes at the
time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Notes of each series at the time Outstanding, on behalf of the Holders of all
Notes of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holders of Notes of this series shall be
conclusive and binding upon such Holders and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Note. 
 As provided in and subject to the provisions of the Indenture, the Holders of the Notes of this series shall not have the
right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of
Default with respect to the Notes of this series, the Holders of not less than 25% in aggregate principal amount of the Notes of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect
of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in aggregate principal amount of such Notes at the time Outstanding a direction inconsistent
with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement
of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
 No reference
herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, 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 Security Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Note
are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

  
 B-9 

 The Notes of this series are issuable only in registered form without coupons in denominations of
€100,000 and integral multiples of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes of this series are exchangeable for a like principal amount of Notes of this series and
of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made
for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

This Note is a Global Security and is subject to the provisions of the Indenture relating to Global Securities, including the limitations in
Section 305 thereof on transfers and exchanges of Global Securities. 
 This Note and the Indenture shall be governed by, and construed
in accordance with, the laws of the State of New York. 
 All terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. 

  
 B-10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}]]