Document:

Exhibit
10.2

 

REVOLVING
CREDIT NOTE

 

	$10,000,000	October 17, 2017

 

FOR VALUE RECEIVED, the
undersigned (hereinafter “Borrower”) hereby PROMISES TO PAY to Santander Bank, N.A., a national banking association
(“Lender”), or its registered assigns, at the principal office of Lender, or at such other place in the United
States of America as the holder of this Note may designate from time to time in writing, in lawful money of the United States of
America and in immediately available funds, the principal amount of TEN MILLION Dollars ($10,000,000), or such lesser principal
amount as may be outstanding pursuant to the Loan and Security Agreement (as hereinafter defined) with respect to the Revolving
Credit Loan, together with interest on the unpaid principal balance outstanding from time to time.

 

This Note is one of the
Revolving Credit Notes referred to in, and issued pursuant to, that certain Loan and Security Agreement dated as of October 17,
2017, by and between Borrower and Lender (as hereinafter amended from time to time, the “Loan and Security Agreement”),
and is entitled to all of the benefits and security of the Loan and Security Agreement. All capitalized terms used herein, unless
otherwise specifically defined in this Note, shall have the meanings ascribed to them in the Loan and Security Agreement.

 

The principal amount of
the indebtedness evidenced hereby shall be payable in the amounts and on the dates specified in the Loan and Security Agreement. 
Interest thereon shall be paid until such principal amount is paid in full at such interest rates and at such times as are specified
in the Loan and Security Agreement.

 

Upon the occurrence and
during the continuation of an Event of Default, this Note shall or may, as provided in the Loan and Security Agreement, become
or be declared immediately due and payable.

 

The right to receive principal
of, and stated interest on, this Note may only be transferred in accordance with the provisions of the Loan and Security Agreement.

 

Demand, presentment, protest
and notice of nonpayment and protest are hereby waived by Borrower.

 

[SIGNATURE PAGE FOLLOWS]

 

     

     

    

 

This Note shall be interpreted,
governed by, and construed in accordance with, the internal laws of the State of New York.

 

	 	JANEL GROUP, INC., a New York corporation
	 	 	 
	 	By:	/s/
	 	Name:	Brendan J. Killackey
	 	Title: 	Vice President
	 	 	 
	 	PCL TRANSPORT, LLC, a New Jersey limited liability company
	 	 	 
	 	By:	/s/
	 	Name:	Brendan J. Killackey
	 	Title:	Vice President
	 	 	 
	 	JANEL ALPHA GP, LLC, a Delaware limited liability company
	 	 	 
	 	By:	/s/
	 	Name:	Brendan J. Killackey
	 	Title: 	Vice President
	 	 	 
	 	W.J. BYRNES & CO., INC., a California corporation
	 	 	 
	 	By:	/s/
	 	Name:	Brendan J. Killackey
	 	Title: 	Vice President
	 	 	 
	 	LIBERTY INTERNATIONAL, INC., a Rhode Island corporation
	 	 	 
	 	By:	/s/
	 	Name:	Brendan J. Killackey
	 	Title: 	Vice President
	 	 	 
	 	THE JANEL GROUP OF GEORGIA, INC., a Georgia corporation
	 	 	 
	 	By:	/s/
	 	Name:	Brendan J. Killackey
	 	Title: 	Vice PresidentAMENDMENT

 

Amendment,
dated as of October 16, 2017 (this “Amendment”), among Rennova Health, Inc., a Delaware corporation (the “Company”),
and Sabby Healthcare Master Fund, Ltd. and Sabby Volatility Warrant Master Fund, Ltd. (each, an “Investor” and, collectively,
the “Investors”).

 

WHEREAS,
the Company and the Investors are parties to the Securities Purchase Agreement, dated as of August 31, 2017 (the “Purchase
Agreement”);

 

WHEREAS,
the Company and each Investor are parties to Exchange Agreements, dated as of August 31, 2017 (the “Exchange Agreements”);

 

WHEREAS,
pursuant to the Purchase Agreement and the Exchange Agreements, the Company issued Debentures and Warrants (as such terms are
defined in the Purchase Agreement and the Exchange Agreements) to the Investors;

 

WHEREAS,
the Company and the Investors are parties to the Registration Rights Agreement, dated August 31, 2017 (the “Registration
Rights Agreement”); 

 

WHEREAS,
the Company and the Investors desire to amend the Purchase Agreement, the Exchange Agreements, the Debentures, the Warrants and
the Registration Rights Agreement; and

 

WHEREAS,
the amendments set forth hereunder to the floor prices reflect the recent 1-for-15 reverse stock split effected on
October 5, 2017.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree as follows:

 

1. Purchase
and Exchange Agreements. The 60 and 90 days figures in the first sentence of Section 4.11(d) of the Purchase
Agreement and in the first sentence of Section 1.4 of each Exchange Agreement are deleted and replaced with December 15,
2017 and January 15, 2018, respectively, provided, however, that the Company files the preliminary proxy statement required
thereunder on or before October 31, 2017 and undertakes to hold the meeting as soon as possible thereafter.

 

2.
Debentures.

 

(a)
The definition of the term “Equity Conditions” in the Debentures is amended by deleting clause (k) in its entirety
and replacing it with the following:

 

(k)
The Alternative Conversion Price is not less than $0.78, as such figure may be adjusted for reverse and forward stock splits
and the like.

 

(b)
Section 4(e) of the Debentures is amended by deleting the figure 4,075,010 and replacing it with the figure 1,420,048.

 

(c)
Section 5(b) of the Debentures is amended by deleting the figure $0.052 and replacing it with the figure $0.78 and by deleting
the parenthetical immediately thereafter and replacing it with the following:

 

(as
such figure may be adjusted for reverse and forward stock splits and the like)

 

    	 

    	 

    

 

(d)
Section 6(b) of the Debentures is amended by deleting the figure $0.052 and replacing it with the figure $0.78 and by deleting
the parenthetical immediately thereafter and replacing it with the following:

 

(as
such figure may be adjusted for reverse and forward stock splits and the like)

 

3.
Warrants.

 

(a)
Section 2(f) of the Warrants is amended by deleting the figure 4,075,010 and replacing it with the figure
1,420,048.

 

(b)
The first sentence of Section 3(b) of the Warrants as amended by deleting the figure $0.052 and replacing it with the figure $0.78
and by deleting the words immediately thereafter and replacing them with the following:

 

as
such figure may be adjusted for reverse stock splits and the like.

 

4.
Registration Rights Agreement.

 

(a)
The first sentence of the definition of the term “Effectiveness Date” in the Registration Rights Agreement is amended
by deleting the words “the date hereof” in two places and replacing them in each case with the words “the written
request of the Purchasers”.

 

(b)
The definition of the term “Filing Date” in the Registration Rights Agreement is amended by deleting the words “the
date hereof” and replacing them with the words “the written request of the Purchasers”.

 

5.
Representations. The Investors represent and warrant to the Company that they are the record owners of all of the Debentures,
Warrants and Registrable Securities (as defined in the Registration Rights Agreement).

 

6.
Counterparts. This Amendment may be executed in any number of counterparts, all of which when taken together shall be considered
one and the same agreement.

 

[Signature
Page Follows]

 

    	 	 -2-	 

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.

 

	 	RENNOVA
    HEALTH, INC.
	 	 	 
	 	By:	/s/
    Seamus Lagan        
	 	Name:	 Seamus
    Lagan
	 	Title:	 Chief
    Executive Officer

 

	 	SABBY
    HEALTHCARE MASTER FUND, LTD.
	 	 	
	 	By:	Sabby
    Management, LLC, its
	 	 	Investment
    Manager
	 	 	 
	 	By:	/s/ Robert Grundstein
	 	Name:	Robert Grundstein
	 	Title:	COO

 

	 	SABBY
    VOLATILITY WARRANT MASTER FUND, LTD.
	 	 	 
	 	By:
    	Sabby
    Management, LLC, its
	 	 	Investment
    Manager
	 	 	 
	 	By:
    	/s/ Robert Grundstein
	 	Name:	Robert
    Grundstein
	 	Title:	COO

 

    	 	 -3-EX-4.1

 Exhibit 4.1 

Execution Version 
  

 
  

VALEANT PHARMACEUTICALS INTERNATIONAL, INC. 

$1,000,000,000 5.500% SENIOR SECURED NOTES DUE 2025 
  

 
 INDENTURE

 DATED AS OF October 17, 2017 
  

 
 THE BANK OF NEW
YORK MELLON, 
 AS TRUSTEE 
 AND
THE NOTES COLLATERAL AGENTS PARTY HERETO 
  
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	ARTICLE 1	 
	
	DEFINITIONS AND INCORPORATION BY REFERENCE	 
			
	 Section 1.1
	 	 Definitions
	  	 	1	 
	 Section 1.2
	 	 Other Definitions
	  	 	26	 
	 Section 1.3
	 	 [Reserved]
	  	 	27	 
	 Section 1.4
	 	 Rules of Construction
	  	 	27	 
	
	ARTICLE 2	 
	
	THE SECURITIES	 
			
	 Section 2.1
	 	 Form and Dating
	  	 	28	 
	 Section 2.2
	 	 Execution and Authentication
	  	 	29	 
	 Section 2.3
	 	 Registrar and Paying Agent
	  	 	30	 
	 Section 2.4
	 	 Paying Agent to Hold Money in Trust
	  	 	30	 
	 Section 2.5
	 	 Noteholder Lists
	  	 	30	 
	 Section 2.6
	 	 Transfer and Exchange
	  	 	30	 
	 Section 2.7
	 	 Replacement Notes
	  	 	31	 
	 Section 2.8
	 	 Outstanding Notes
	  	 	31	 
	 Section 2.9
	 	 Treasury Notes
	  	 	32	 
	 Section 2.10
	 	 Temporary Notes
	  	 	32	 
	 Section 2.11
	 	 Cancellation
	  	 	32	 
	 Section 2.12
	 	 Legend; Additional Transfer and Exchange Requirements
	  	 	32	 
	 Section 2.13
	 	 CUSIP, Common Code and ISIN Numbers
	  	 	34	 
	
	ARTICLE 3	 
	
	REDEMPTION AND PURCHASES	 
			
	 Section 3.1
	 	 Right to Redeem
	  	 	34	 
	 Section 3.2
	 	 Selection of Notes to Be Redeemed
	  	 	35	 
	 Section 3.3
	 	 Notice of Redemption
	  	 	35	 
	 Section 3.4
	 	 Effect of Notice of Redemption
	  	 	36	 
	 Section 3.5
	 	 Deposit of Redemption Price
	  	 	36	 
	 Section 3.6
	 	 Notes Redeemed in Part
	  	 	36	 
	 Section 3.7
	 	 Optional Redemption
	  	 	36	 
	 Section 3.8
	 	 Purchase of Notes at Option of the Holder Upon Change of Control
	  	 	38	 
	 Section 3.9
	 	 Effect of Change of Control Purchase Notice
	  	 	39	 
	 Section 3.10
	 	 Deposit of Change of Control Purchase Price
	  	 	40	 
	 Section 3.11
	 	 Notes Purchased in Part
	  	 	40	 
	 Section 3.12
	 	 Compliance with Securities Laws upon Purchase of Notes
	  	 	40	 
	 Section 3.13
	 	 Repayment to the Company
	  	 	40	 
	 Section 3.14
	 	 Offer to Purchase by Application of Excess Proceeds
	  	 	40	 

  
 -i- 

							
	 	 	 	  	Page	 
	ARTICLE 4	 
	
	COVENANTS	 
			
	 Section 4.1
	 	 Payment of Notes
	  	 	42	 
	 Section 4.2
	 	 Maintenance of Office or Agency
	  	 	42	 
	 Section 4.3
	 	 Reports
	  	 	43	 
	 Section 4.4
	 	 Compliance Certificates
	  	 	44	 
	 Section 4.5
	 	 Further Instruments and Acts
	  	 	44	 
	 Section 4.6
	 	 Maintenance of Corporate Existence
	  	 	44	 
	 Section 4.7
	 	 Changes in Covenants When Notes Rated Investment Grade
	  	 	44	 
	 Section 4.8
	 	 Restricted Payments
	  	 	44	 
	 Section 4.9
	 	 Incurrence of Indebtedness and Issuance of Preferred Stock
	  	 	47	 
	 Section 4.10
	 	 [Reserved]
	  	 	50	 
	 Section 4.11
	 	 Liens
	  	 	50	 
	 Section 4.12
	 	 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
	  	 	50	 
	 Section 4.13
	 	 Transactions with Affiliates
	  	 	52	 
	 Section 4.14
	 	 Asset Sales
	  	 	53	 
	 Section 4.15
	 	 Additional Note Guarantees
	  	 	55	 
	 Section 4.16
	 	 Designation of Restricted and Unrestricted Subsidiaries
	  	 	55	 
	 Section 4.17
	 	 Business Activities
	  	 	56	 
	 Section 4.18
	 	 [Reserved]
	  	 	56	 
	 Section 4.19
	 	 Stay, Extension and Usury Laws
	  	 	56	 
	 Section 4.20
	 	 Notice of Default
	  	 	56	 
	 Section 4.21
	 	 Payment of Additional Amounts
	  	 	56	 
	 Section 4.22
	 	 After-Acquired Property
	  	 	58	 
	 Section 4.23
	 	 Additional Material Real Estate Assets
	  	 	60	 
	 Section 4.24
	 	 No Impairment of the Security Interests
	  	 	60	 
	
	ARTICLE 5	 
	MERGER, CONSOLIDATION OR SALE OF ASSETS	 
			
	 Section 5.1
	 	 Merger, Consolidation or Sale of Assets
	  	 	60	 
	 Section 5.2
	 	 Successor Substituted
	  	 	61	 
	
	ARTICLE 6	 
	
	DEFAULT AND REMEDIES	 
			
	 Section 6.1
	 	 Events of Default
	  	 	61	 
	 Section 6.2
	 	 Acceleration
	  	 	63	 
	 Section 6.3
	 	 Other Remedies
	  	 	63	 
	 Section 6.4
	 	 Waiver of Defaults and Events of Default
	  	 	64	 
	 Section 6.5
	 	 Control by Majority
	  	 	64	 
	 Section 6.6
	 	 Limitations on Suits
	  	 	64	 
	 Section 6.7
	 	 Rights of Holders to Receive Payment
	  	 	64	 
	 Section 6.8
	 	 Collection Suit by Trustee
	  	 	64	 
	 Section 6.9
	 	 Trustee May File Proofs of Claim
	  	 	64	 
	 Section 6.10
	 	 Priorities
	  	 	65	 
	 Section 6.11
	 	 Undertaking for Costs
	  	 	65	 
	
	ARTICLE 7	 
	
	TRUSTEE	 
			
	 Section 7.1
	 	 Duties of Trustee
	  	 	65	 
	 Section 7.2
	 	 Rights of Trustee
	  	 	66	 
	 Section 7.3
	 	 Individual Rights of Trustee
	  	 	67	 
	 Section 7.4
	 	 Trustee’s Disclaimer
	  	 	67	 
	 Section 7.5
	 	 Notice of Default or Events of Default
	  	 	67	 

  
 -ii- 

							
	 	 	 	  	Page	 
	 Section 7.6
	 	 [Reserved]
	  	 	67	 
	 Section 7.7
	 	 Compensation and Indemnity
	  	 	68	 
	 Section 7.8
	 	 Replacement of Trustee
	  	 	68	 
	 Section 7.9
	 	 Successor Trustee by Merger, Etc.
	  	 	69	 
	 Section 7.10
	 	 Eligibility; Disqualification
	  	 	69	 
	 Section 7.11
	 	 Preferential Collection of Claims Against the Company
	  	 	69	 
	 Section 7.12
	 	 Collateral Documents; Intercreditor Agreements
	  	 	69	 
	
	ARTICLE 8	 
	
	DEFEASANCE; SATISFACTION AND	 
	DISCHARGE OF INDENTURE	 
			
	 Section 8.1
	 	 Satisfaction and Discharge of Indenture
	  	 	69	 
	 Section 8.2
	 	 Legal Defeasance
	  	 	70	 
	 Section 8.3
	 	 Covenant Defeasance
	  	 	71	 
	 Section 8.4
	 	 Application of Trust Money
	  	 	72	 
	 Section 8.5
	 	 Repayment to the Company
	  	 	73	 
	 Section 8.6
	 	 Reinstatement
	  	 	73	 
	
	ARTICLE 9	 
	
	AMENDMENTS, SUPPLEMENTS AND WAIVERS	 
			
	 Section 9.1
	 	 Without Consent of Holders
	  	 	73	 
	 Section 9.2
	 	 With Consent of Holders
	  	 	74	 
	 Section 9.3
	 	 Notice of Amendment, Supplement or Waiver
	  	 	75	 
	 Section 9.4
	 	 Revocation and Effect of Consents
	  	 	75	 
	 Section 9.5
	 	 Notation on or Exchange of Notes
	  	 	75	 
	 Section 9.6
	 	 Trustee to Sign Amendments, Etc.
	  	 	75	 
	 Section 9.7
	 	 Effect of Supplemental Indentures
	  	 	75	 
	
	ARTICLE 10	 
	
	NOTE GUARANTEES	 
			
	 Section 10.1
	 	 Note Guarantees
	  	 	76	 
	 Section 10.2
	 	 Execution and Delivery of Note Guarantees
	  	 	77	 
	 Section 10.3
	 	 Limitation on Note Guarantor Liability
	  	 	77	 
	 Section 10.4
	 	 Merger and Consolidation of Note Guarantors
	  	 	77	 
	 Section 10.5
	 	 Release
	  	 	78	 
	
	ARTICLE 11	 
	
	MISCELLANEOUS	 
			
	 Section 11.1
	 	 Certain Trust Indenture Act Sections
	  	 	78	 
	 Section 11.2
	 	 Notices
	  	 	78	 
	 Section 11.3
	 	 Communications by Holders With Other Holders
	  	 	80	 
	 Section 11.4
	 	 Certificate and Opinion of Counsel as to Conditions Precedent
	  	 	80	 
	 Section 11.5
	 	 Record Date for Vote or Consent of Holders
	  	 	81	 
	 Section 11.6
	 	 Rules by Trustee, Paying Agent and Registrar
	  	 	81	 
	 Section 11.7
	 	 Legal Holidays
	  	 	81	 
	 Section 11.8
	 	 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial
	  	 	81	 
	 Section 11.9
	 	 No Adverse Interpretation of Other Agreements
	  	 	81	 

  
 -iii- 

							
	 	 	 	  	Page	 
	 Section 11.10
	 	 No Recourse Against Others
	  	 	82	 
	 Section 11.11
	 	 Successors
	  	 	82	 
	 Section 11.12
	 	 Multiple Counterparts
	  	 	82	 
	 Section 11.13
	 	 Separability
	  	 	82	 
	 Section 11.14
	 	 Table of Contents, Headings, etc.
	  	 	82	 
	 Section 11.15
	 	 Calculations in Respect of the Notes
	  	 	82	 
	 Section 11.16
	 	 Agent for Service and Waiver of Immunities
	  	 	82	 
	 Section 11.17
	 	 Judgment Currency
	  	 	82	 
	 Section 11.18
	 	 Foreign Currency Equivalent
	  	 	83	 
	 Section 11.19
	 	 Usury Savings Clause
	  	 	83	 
	 Section 11.20
	 	 Interest Act (Canada)
	  	 	83	 
	 Section 11.21
	 	 Tax Matters
	  	 	83	 
	
	ARTICLE 12	 
	
	COLLATERAL	 
			
	 Section 12.1
	 	 Collateral Documents
	  	 	83	 
	 Section 12.2
	 	 Release of Collateral
	  	 	84	 
	 Section 12.3
	 	 Suits to Protect the Collateral
	  	 	86	 
	 Section 12.4
	 	 Authorization of Receipt of Funds by the Trustee Under the Collateral Documents
	  	 	86	 
	 Section 12.5
	 	 Purchaser Protected
	  	 	86	 
	 Section 12.6
	 	 Powers Exercisable by Receiver or Trustee
	  	 	86	 
	 Section 12.7
	 	 Release Upon Termination of the Company’s Obligations
	  	 	87	 
	 Section 12.8
	 	 Notes Collateral Agents
	  	 	87	 
	
	ARTICLE 13	 
	
	PARALLEL DEBT	 
			
	 Section 13.1
	 	 Purpose; Governing Law
	  	 	93	 
	 Section 13.2
	 	 Parallel Debt (The Netherlands, Poland, Japan, Slovenia)
	  	 	93	 
	 Section 13.3
	 	 Parallel Debt (France)
	  	 	93	 
	 Section 13.4
	 	 Parallel Debt (Hungary)
	  	 	94	 
	 Section 13.5
	 	 Parallel Debt and Collateral (Germany)
	  	 	94	 
	 Section 13.6
	 	 Parallel Debt (Belarus)
	  	 	96	 
	 Section 13.7
	 	 Parallel Debt (Belgium)
	  	 	97	 
	 Section 13.8
	 	 Parallel Debt (Mexico)
	  	 	98	 
	 Section 13.9
	 	 Parallel Debt (Switzerland)
	  	 	99	 
	 Section 13.10
	 	 Additional Parallel Debt Provisions
	  	 	99	 

  

					
	 EXHIBITS

			
	 EXHIBIT A
	 	-	 	 FORM OF NOTE

	 EXHIBIT B
	 	-	 	 FORM OF GUARANTEE

	 EXHIBIT C
	 	-	 	 FORM OF CERTIFICATE FROM ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR

	 EXHIBIT D
	 	-	 	 FORM OF CANADIAN NOTE GUARANTEE

  
 -iv- 

 THIS INDENTURE dated as of October 17, 2017 is among Valeant Pharmaceuticals International,
Inc., a corporation continued under the British Columbia Business Corporations Act (the “Company”), the Note Guarantors party hereto, The Bank of New York Mellon (“BNY Mellon”), a New York banking corporation, not
in its individual capacity but solely as Trustee, Registrar, and Paying Agent (the “Trustee”), BNY Mellon, as a notes collateral agent (together with certain of its branches, affiliates and agents party hereto) and Lord Securities
Corporation (“LSC”), a corporation organized under the laws of the State of Delaware, as a notes collateral agent. 
 In
consideration of the premises and the purchase of the Notes by the Holders thereof, all parties agree as follows for the benefit of the other and for the equal and ratable benefit of the registered Holders of the Company’s Notes. 

ARTICLE 1 
 DEFINITIONS AND
INCORPORATION BY REFERENCE 
 Section 1.1    Definitions. 

“144A Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and
the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will initially be issued in a denomination equal to the principal amount of the Notes sold in reliance on Rule 144A.

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

(1)    Indebtedness of any other Person existing at the time such other Person is merged with or into or
became a Subsidiary of such specified Person and which is not satisfied in full at such time, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary
of, such specified Person; and 
 (2)    Indebtedness secured by a Lien encumbering any asset acquired by
such specified Person. 
 “Additional Notes” means the additional principal amount of Notes (other than the Initial Notes)
that may be issued from time to time under this Indenture in accordance with Section 2.1(c) of this Indenture as part of the same series of Notes issued on the date hereof other than Notes issued in exchange for, or replacement of outstanding
Notes. 
 “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,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control
with” have correlative meanings. 
 “After-Acquired Property” means property (other than Excluded Assets) that is
intended to be Collateral acquired by the Company or a Note Guarantor (including property of a Person that becomes a new Note Guarantor after the Issue Date) that is not automatically subject to a perfected security interest under the Collateral
Documents, provided that, while any obligations under the Credit Agreement are outstanding, After-Acquired Property shall not include any asset or property that is not pledged to secure the obligations under the Credit Agreement. 

“Agent” means any Registrar or Paying Agent. 

“Applicable Premium” means, with respect to the Notes, as determined by the Company, the greater of 

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

 (2)    (a) the present value of all remaining required
interest and principal payments due on such Notes and all premium payments relating to such Notes assuming a redemption date of November 1, 2020, computed using a discount rate equal to the Treasury Rate plus 50 basis points, minus 

(b)    the then outstanding principal amount of such Note, minus 

(c)    accrued interest paid on the date of redemption. 

“Applicable Procedures” means, with respect to any transfer or exchange of beneficial ownership interests in the Global
Notes, the rules and procedures of the Depositary, Euroclear and Clearstream, in each case to the extent applicable, to such transfer or exchange. 

“Asset Sale” means: 

(1)    the sale, lease, conveyance or other disposition of any assets, property or rights outside of the
ordinary course of business; provided that the sale, conveyance or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by Section 3.8 and/or
Section 5.1 hereof and not by the provisions of Section 4.14; and 
 (2)    the issuance of
Equity Interests by any of the Company’s Restricted Subsidiaries or the sale of Equity Interests in any of its Restricted Subsidiaries, in each case other than directors’ qualifying shares. 

Notwithstanding the preceding, none of the following items will be deemed to be an Asset Sale: 

(1)    any single transaction or series of related transactions that involves assets having a Fair Market
Value of less than $100.0 million; 
 (2)    a transfer of assets between or among the Company and
its Restricted Subsidiaries; 
 (3)    an issuance of Equity Interests by a Restricted Subsidiary of the
Company to the Company or to another Restricted Subsidiary of the Company; 
 (4)    any sale of
receivables in connection with a Qualified Securitization Transaction; 
 (5)    the sale or other
disposition of cash or Cash Equivalents; 
 (6)    a Restricted Payment or Permitted Investment that is
permitted by Section 4.8 hereof; 
 (7)    the license or sublicense of intellectual property or
other general intangibles and licenses, leases or subleases of other property which do not materially interfere with the business of the Company and its Restricted Subsidiaries, taken as a whole, determined in good faith by the Company; 

(8)    the sale, exchange or other disposition of obsolete, worn out, uneconomical or surplus assets,
including any such intellectual property; 
 (9)    the sale, lease, conveyance or other disposition to
the extent required by, or made pursuant to, customary buy/sell arrangements between joint venture parties set forth in joint venture arrangements and similar binding agreements; 

(10)    foreclosures on, or condemnation of, assets and the surrender or waiver of contract rights or the
settlement, release or surrender of contract, tort or other claims; and 
 (11)    sales, transfers or
other dispositions of assets for consideration at least equal to the Fair Market Value of the assets sold or disposed of, but only if the consideration received consists of property or 

  
 -2- 

 
assets (other than cash, except to the extent used as a bona fide means of equalizing the value of the property or assets involved in the swap transaction; provided, however, that
cash does not exceed 10% of the sum of the amount of the cash and the Fair Market Value of the assets received or given) of a nature or type that are used in a business having property or assets of a nature or type or engaged in a Permitted Business
(or Capital Stock of a Person whose assets consist of assets of the type described in this clause (11)). 
 “Attributable
Debt” in respect of a sale and leaseback transaction means, at the time of determination, the present value of the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback
transaction including any period for which such lease has been extended or may, at the option of the lessor, be extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction,
determined in accordance with GAAP. 
 “Bankruptcy Law” means any of Title 11 of the United States Code, the BIA, the CCAA,
the WURA and the CBCA, and any other applicable insolvency, corporate arrangement or restructuring or other similar law of any jurisdiction including any law of any jurisdiction permitting a debtor to obtain a stay or a compromise of the claims of
its creditors against it. 
 “Beneficial Owner” has the meaning assigned to such term in Rule l3d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right
is currently exercisable or is exercisable only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned” have corresponding meanings. 

“BIA” means the Bankruptcy and Insolvency Act (Canada). 

“Board of Directors” means: 

(1)    with respect to a company or corporation, the board of directors of the company or corporation or
any committee thereof duly authorized to act on behalf of such board; 
 (2)    with respect to a
partnership, the Board of Directors of the general partner of the partnership or any committee thereof duly authorized to act on behalf of such board; and 

(3)    with respect to any other Person, the board or committee of such Person serving a similar function.

 “Business Day” means each day that is not a Legal Holiday. 

“Canadian Note Guarantee” means each Guarantee of the obligations with respect to the Notes issued by each Canadian Note
Guarantor pursuant to the terms of this Indenture and substantially in the form of Exhibit D. 
 “Canadian
Note Guarantor” means each Note Guarantor that is organized under the laws of Canada or any province or territory thereof. 

“Capital Lease Obligations” means, at the time any determination is to be made, the amount of the liability in respect of a
capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP. 
 “Capital Markets
Indebtedness” means any Indebtedness consisting of bonds, debentures, notes or other similar debt securities issued in (a) a public offering registered under the Securities Act, (b) a private placement to institutional investors
that is resold in accordance with Rule 144A or Regulation S under the Securities Act, whether or not it includes registration rights entitling the holders of such debt securities to registration thereof with the SEC or (c) a private placement
to institutional investors. For the avoidance of doubt, the term “Capital Markets 

  
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Indebtedness” does not include any Indebtedness under the Credit Agreement, Indebtedness incurred in connection with a sale and leaseback transaction, Indebtedness incurred in the ordinary
course of business of the Company, Capital Lease Obligations or recourse transfer of any financial asset or any other type of Indebtedness incurred in a manner not customarily viewed as a “securities offering.” 

“Capital Stock” means: 

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

(2)    in the case of an association or business entity, any and all shares, interests, participations,
rights or other equivalents (however designated) of corporate stock; 
 (3)    in the case of a
partnership or limited liability company, partnership or membership interests (whether general or limited); and 

(4)    any other interest or participation (including, without limitation, quotas) 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. 
 “Cash
Equivalents” means: 
 (1)    securities issued or directly and fully guaranteed or insured by
the U.S. government or any agency or instrumentality thereof (provided, that the full faith and credit of the U.S. is pledged in support thereof) having repricings or maturities of not more than one year from the date of acquisition; 

(2)    certificates of deposit and 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 U.S. commercial bank having capital and surplus in excess of $500.0 million; 

(3)    repurchase obligations with a term of not more than 14 days for underlying securities of the types
described in clauses (1) and (2) above entered into with any financial institution meeting the qualifications specified in clause (2) above; 

(4)    commercial paper having a rating of at least “P-2”
or better from Moody’s or at least “A-2” or better from S&P, or carrying an equivalent rating by an internationally recognized rating agency and, in each case, maturing within one year after
the date of acquisition; 
 (5)    auction-rate, corporate and municipal securities, in each case
(x) having either short-term debt ratings of at least “P-2” or better from Moody’s or at least “A-2” or better from S&P or long-term
senior debt ratings of “A2” or better from Moody’s or at least “A” or better from S&P, or carrying an equivalent rating by an internationally recognized rating agency, (y) having repricings or maturities of not more
than one year from the date of acquisition and (z) which are classifiable as cash and cash equivalents under GAAP; 

(6)    money market funds at least 95% of the assets of which constitute Cash Equivalents of the kinds
described in clauses (1) through (5) of this definition; or 
 (7)    in the case of the Company or
any Foreign Subsidiary: 
 (a)    direct obligations of the sovereign nation, or any agency thereof, in
which the Company or such Foreign Subsidiary is organized or is conducting business or in obligations fully and unconditionally guaranteed by such sovereign nation, or any agency thereof; provided, that such obligations have repricings or
maturities of not more than one year from the date of acquisition and are used by the Company or such Foreign Subsidiary in accordance with normal investment practices for cash management in investments of the type analogous to clauses
(1) through (5) above; or 

  
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 (b)    investments of the type and maturity described in
clauses (1) through (5) above of foreign obligors, which investments or obligors have ratings described in such clauses or equivalent ratings from internationally recognized rating agencies; provided, that such investments are used by
the Company or such Foreign Subsidiary in accordance with normal investment practices for cash management in investments of the type analogous to clauses (1) through (5) above. 

“CBCA” means the Canada Business Corporations Act. 

“CCAA” means the Companies’ Creditors Arrangement Act (Canada). 

“Change of Control” means the occurrence of any of the following: 

(1)    any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) becomes
the Beneficial Owner, other than by way of merger or consolidation of the Company, of shares of the Company’s Voting Stock representing 50% or more of the total voting power of all of the Company’s outstanding Voting Stock; 

(2)    the Company consolidates with, or merges with or into, another Person, or the Company, directly or
indirectly, sells, assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries, taken as a whole (other than by way of merger or consolidation), in
one or a series of related transactions, or any Person consolidates with, or merges with or into, the Company, in any such event other than pursuant to a transaction in which the Persons that Beneficially Owned the shares of the Company’s
Voting Stock immediately prior to such transaction Beneficially Own at least a majority of the total voting power of all outstanding Voting Stock (other than Disqualified Stock) of the surviving or transferee Person; or 

(3)    the holders of the Company’s Capital Stock approve any plan or proposal for the liquidation or
dissolution of the Company (whether or not otherwise in compliance with this Indenture). 
 Notwithstanding the foregoing, a transaction
will not be deemed to involve a Change of Control if (1) the Company becomes a direct or indirect wholly-owned Subsidiary of a holding company and (2) (a) the direct or indirect holders of the Voting Stock of the ultimate parent holding company
immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (b) no “person” (as that term is used in Section 13(d)(3) of the
Exchange Act) becomes the Beneficial Owner of 50% or more of the total voting power of the Voting Stock of such ultimate parent holding company. 

“Clearstream” means Clearstream Banking, société anonyme, Luxembourg. 

“Collateral” means all of the assets and properties subject to Liens granted by the Company or any Note Guarantor in favor of
any Notes Collateral Agent for the benefit of the Trustee and the Holders. 
 “Collateral Agent” means the Notes Collateral
Agent or the Credit Agreement Collateral Agent, as applicable. 
 “Collateral Documents” means the First Lien Intercreditor
Agreement and the security documents pursuant to which the Company and the Note Guarantors grant Liens in favor of the relevant Notes Collateral Agent to secure Obligations under this Indenture. 

“Company” means the party named as such in the first paragraph of this Indenture until a successor replaces it pursuant to
the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Company. 

  
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 “Consolidated Cash Flow” means, with respect to any specified Person for any
period, the Consolidated Net Income of such Person for such period plus (without duplication): 

(1)    provision for taxes based on income or profits of such Person and its Restricted Subsidiaries for
such period, to the extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus 

(2)    Fixed Charges of such Person and its Restricted Subsidiaries for such period, to the extent that any
such expense was deducted in computing such Consolidated Net Income; plus 
 (3)    any
restructuring charges or expenses (which, for the avoidance of doubt, shall include retention, severance, systems establishment costs, excess pension charges, contract termination costs and costs to consolidate facilities and relocate employees), to
the extent that any such charge or expense was deducted in computing such Consolidated Net Income; plus 

(4)    fees and expenses in connection with any proposed or actual issuance of any Indebtedness or Equity
Interests, or any proposed or actual acquisitions, Investments, Asset Sales or divestitures permitted to be incurred under this Indenture; plus 

(5)    depreciation, amortization (including amortization of intangibles but excluding amortization of
prepaid cash expenses that were paid in a prior period), and other non-cash charges or expenses (including impairment charges and other write-offs of intangible assets and goodwill, but excluding amortization
of a prepaid cash expense that was paid in a prior period to the extent added back in such prior period) of such Person and its Restricted Subsidiaries for such period to the extent that such depreciation, amortization and other non-cash charges or expenses were deducted in computing such Consolidated Net Income; provided that if any such non-cash charge or expense (or any portion thereof)
represents an accrual or reserve for any potential cash items in any future period, (i) the Company may elect not to add back such non-cash charge in the then-current period and instead add back such
amount to a following period, and (ii) to the extent the Company elects to add back such non-cash charge, the cash payment in respect thereof in such future period shall be subtracted from Consolidated
Cash Flow to the same extent in such future period; plus 
 (6)    any expense or charge for
extraordinary, unusual or non-recurring expenses or charges (including costs of, and payments of, litigation expenses, actual or prospective legal settlements, fines, judgments or orders); minus 

(7)    non-cash items increasing such Consolidated Net Income for
such period, other than the accrual of revenue in the ordinary course of business, in each case, on a consolidated basis and determined in accordance with GAAP. 

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

(1)    the Net Income (but not loss) of any Person that is not a Restricted Subsidiary or that is accounted
for by the equity method of accounting will be included only to the extent of the amount of dividends or distributions paid in cash to the specified Person or a Restricted Subsidiary of the Person; 

(2)    solely for purposes of Section 4.8 hereof, the Net Income of any Restricted Subsidiary (other
than any Note Guarantor) will be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination permitted without any prior
governmental approval (that has not been obtained or cannot be obtained other than pursuant to customary filings) or, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute,
rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders; 

  
 -6- 

 (3)    the cumulative effect of a change in accounting
principles will be excluded; 
 (4)    any unrealized net gain or loss resulting in such period from
Hedging Obligations or other derivative instruments will be excluded; 
 (5)    any expense or charge
attributable to the disposition of discontinued operations will be excluded; 

(6)    non-cash goodwill or asset impairment charge and any non-cash compensation expense recorded from grants of stock, stock appreciation or similar rights, stock options, restricted stock or other rights to officers, directors, employees or consultants of such Person or
any of its Restricted Subsidiaries will be excluded; 
 (7)    any amortization expense incurred during
such period with respect to products acquired by the Company or any of its Subsidiaries that are used or useful in a Permitted Business will be excluded; 

(8)    any gain or loss, together with any related provision for taxes on such gain or loss, realized in
connection with: (a) any Asset Sale; or (b) the disposition of any securities by such Person or any of its Restricted Subsidiaries or the extinguishment of any Indebtedness of such Person or any of its Restricted Subsidiaries will be
excluded; 
 (9)    any extraordinary, nonrecurring or unusual gain or loss, together with any related
provision for taxes on such extraordinary, nonrecurring or unusual gain or loss will be excluded; 

(10)    any (i) non-cash compensation charge or expense
arising from any grant of stock, stock options or other equity based awards and any non-cash deemed finance charges in respect of any pension liabilities or other provisions or on the re-valuation of any benefit plan obligation and (ii) income (loss) attributable to deferred compensation plans or trusts, will be excluded; 

(11)    any purchase accounting effects including adjustments to inventory, property and equipment,
software and other intangible assets and deferred revenue in component amounts required or permitted by GAAP and related authoritative pronouncements (including the effects of such adjustments pushed down to the Restricted Subsidiaries), as a result
of any consummated acquisition, or the amortization or write-off of any amounts thereof (including any write-off of in process research and development) will be
excluded; and 
 (12)    to the extent covered by insurance and actually reimbursed, or, so long as the
Company has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is (a) not denied by the applicable carrier in writing within 90 days and
(b) in fact reimbursed within 365 days of the date of such evidence (with a deduction for any amount so added back to the extent not so reimbursed within 365 days), expenses with respect to liability or casualty events or business interruption;
provided that (x) if net income is increased as a result of any amounts received from an insurer in respect of such a liability, casualty event or business interruption and the right to be so reimbursed was used in a prior period to
increase Consolidated Net Income pursuant to this clause (12), such amounts received shall be excluded from Consolidated Net Income and (y) to the extent the actual reimbursement received is less than the expected reimbursement amount excluded
in a prior period pursuant to this clause (12), Consolidated Net Income shall be reduced by the difference in the period in which such lower actual reimbursement amounts are received or in which a final judgment of a court of competent jurisdiction
is made that the Company is entitled to no reimbursement. 
 “Consolidated Total Assets” means, as of any date of
determination, the total assets shown on the consolidated quarterly or annual balance sheet of the Company and its Restricted Subsidiaries as of the most recent date for which such a quarterly or annual balance sheet is available, determined on a
consolidated basis in accordance with GAAP (and in the case of any determination relating to any incurrence of Indebtedness or 

  
 -7- 

 
Investment, on a pro forma basis). In addition, “Consolidated Total Assets” will be calculated in a manner consistent with the definition of “Fixed Charge Coverage Ratio” to
give effect to transactions that occurred after the date of the most recent quarterly or annual balance sheet date. 
 “Corporate
Trust Office” means the designated office of the Trustee at which at any particular time its corporate trust business shall be administered which office at the date of the execution of this Indenture is located at 101 Barclay Street, Floor
7E, New York, New York 10286, Attention: Corporate Trust Administration or at any other time at such other address as the Trustee may designate from time to time by notice to the Company. 

“Covered Jurisdiction” means the jurisdiction of organization of the Company or the applicable Guarantor and in the case of
the Company or any Guarantor organized in the United States or Canada, any other state or province thereof, as applicable. 

“Credit Agreement” means the Third Amended and Restated Credit and Guaranty Agreement, dated as of February 13, 2012, as
in effect on the Issue Date (as it may be amended, restated, replaced, supplemented or otherwise modified from time to time), among the Company, certain subsidiaries of the Company, as guarantors, the lenders party thereto from time to time, Goldman
Sachs Lending Partners LLC, J.P. Morgan Securities LLC and Morgan Stanley Senior Funding, Inc., as joint lead arrangers and joint bookrunners, JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding, Inc., as
co-syndication agents, JPMorgan Chase Bank, N.A., as issuing bank, Barclays Bank PLC (as successor to Goldman Sachs Lending Partners LLC), as administrative agent and collateral agent, as amended,
supplemented, restated and otherwise modified, together with the related documents thereto (including any guarantees and security documents), and in each case as amended, extended, renewed, restated, supplemented or otherwise modified (in whole or
in part and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any agreement or instrument (and related documents) governing Indebtedness incurred to refinance or replace, in whole or in part,
the borrowings and commitments then outstanding or permitted to be outstanding under such facilities or a successor facility, whether by the same or any other bank, institutional lender, purchaser, investor, trustee or agent or group thereof. 

“Credit Agreement Collateral Agent” means Barclays Bank PLC in its capacity as collateral agent under the Credit Agreement
(together with its permitted successors and assigns). 
 “Credit Facilities” means the facilities under the Credit
Agreement and one or more other debt facilities, credit agreements, commercial paper facilities, indentures or other agreements in each case with banks, institutional lenders, purchasers, investors, trustees or agents 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 such receivables), letters of credit or other extensions of credit or other
Indebtedness, in each case including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, extended, renewed, restated, supplemented or otherwise modified
(in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any agreement or instrument (and related documents) governing Indebtedness incurred to refinance or replace, in
whole or in part, the borrowings and commitments then outstanding or permitted to be outstanding under such facilities or a successor facility, whether by the same or any other bank, institutional lender, purchaser, investor, trustee or agent or
group thereof. 
 “Custodian” means any receiver, trustee, assignee, liquidator, sequestrator, receiver-manager, custodian,
administrative receiver, administrator or similar official under any Bankruptcy Law. 
 “Default” means any event that is,
or with the passage of time or the giving of notice or both would be, an Event of Default. 
 “Definitive Notes” means
Notes that are in substantially the form attached hereto as Exhibit A and that do not include the information to which footnotes 1, 5, 6 and 8 thereof apply. 

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

“Designated Noncash Consideration” means noncash consideration received by the Company or one of its Restricted Subsidiaries
in connection with an Asset Sale that is designated by the Company as Designated Noncash Consideration, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of such Designated Noncash Consideration, which cash
and Cash Equivalents shall be considered Net Proceeds received as of such date and shall be applied pursuant to Section 4.14. 

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is
convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the
option of the holder thereof, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because
the holders of the Capital Stock have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change of control or an asset sale will not constitute Disqualified Stock if the terms of such Capital Stock provide
that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with Section 4.8 hereof. 

“Dollar Equivalent” of any amount means, at the time of determination thereof, 

(1)    if such amount is expressed in U.S. dollars, such amount, or 

(2)    if such amount is expressed in any other currency, the equivalent of such amount in U.S. dollars
determined by using the rate of exchange quoted by Barclays Capital Inc. in New York, New York at 11:00 a.m. (New York City time) on the date of determination (or, if such date is not a Business Day, the last Business Day prior thereto) to prime
banks in New York for the spot purchase in the New York currency exchange market of such amount of U.S. dollars with such currency. 

“Domestic Subsidiary” means any Restricted Subsidiary that was formed under the laws of the United States or any state
thereof or the District of Columbia. 
 “DTC” means The Depository Trust Company. 

“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). 
 “Equity Offering” means a public or private
offering of Equity Interests (other than Disqualified Stock). 
 “Euroclear” means Euroclear Bank S.A./N.V. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder,
as in effect from time to time. 
 “Excluded Account” shall mean any Deposit Account, Securities Account or Commodity
Account (each such term as defined in the UCC) (a) the funds in which are used, in the ordinary course of business, solely for the payment of salaries and wages, workers’ compensation, pension benefits and similar expenses or taxes related
thereto, (b) maintained as a zero balance account (the entire balance of which is swept at the end of each Business Day to an account subject to the Credit Agreement Collateral Agent’s control) that is a disbursement account,
(c) maintained solely as a fiduciary account or other account maintained solely to secure obligations of the Company and its Subsidiaries where such obligations and the Liens on such account are permitted by clauses (4), (5), (10) or
(23) of the definition of Permitted Liens and (d) so long as the Credit Agreement is outstanding, that constitutes an “Excluded Account” (or equivalent term) under the Credit Agreement collateral documents. 

  
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 “Excluded Assets” shall mean certain property excluded from the Collateral,
including: 
 (1)    any lease, license, contract or agreement to which any Grantor is a party, and any
of its rights or interest thereunder, if and to the extent that a security interest is prohibited by or in violation of (i) any law, rule or regulation applicable to such Grantor, or (ii) a term, provision or condition of any such lease,
license, contract or agreement (unless such law, rule, regulation, term, provision or condition would be rendered ineffective with respect to the creation of the security interest hereunder pursuant to
Section 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or
provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code, the PPSA or principles of equity); provided, however, that the Collateral shall include (and such security interest shall attach)
immediately at such time as the contractual or legal prohibition shall no longer be applicable and to the extent severable, shall attach immediately to any portion of such lease, license, contract or agreement not subject to the prohibitions
specified in clause (i) or (ii) above; provided further that the exclusions referred to in this clause (1) shall not include any proceeds of any such lease, license, contract or agreement unless such proceeds result in the
consequences described in this clause (1) after giving effect to the first proviso in this clause (1); 

(2)    any Excluded Securities; 

(3)    any “intent to use” application for registration of a trademark filed pursuant to
Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to the filing of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1 of the Lanham
Act with respect thereto, solely to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent to
use application under applicable Federal law; 
 (4)    any motor vehicles and any other asset subject to
certificates of title to the extent that a Lien thereon cannot be perfected by the filing of financing statements or similar filings under the UCC, PPSA or the Civil Code of Quebec in the applicable Grantor’s jurisdiction of organization or, if
applicable, where such asset is situated; 
 (5)    any Letter-of-Credit Rights (other than any Letter-of-Credit-Rights constituting a Supporting Obligation (as defined in the UCC) for
a receivable or other Collateral in which any Notes Collateral Agent has a valid and perfected security interest); 

(6)    Excluded Accounts; 

(7)    any assets owned by the Company or any Guarantor on the date hereof or hereafter acquired and any
proceeds thereof that are subject to a Lien securing Indebtedness permitted to be incurred pursuant to this Indenture to the extent and for so long as the contract or other agreement in which such Lien is granted (or the documentation providing for
applicable purchase money Indebtedness) validly prohibits the creation of any other Lien on such assets and proceeds; 

(8)    any property or assets in circumstances where the cost, burden or consequences (including adverse
tax consequences) of obtaining or perfecting a security interest in such property or assets, as determined in good faith by the Company in writing, are excessive in relation to the practical benefit to the Holders of the Notes afforded in this
Indenture; provided that, if the Credit Agreement is then outstanding, the same determination is made in respect of the Lien on such assets securing the Credit Agreement; 

(9)    any property constituting or that is the proceeds of aircraft, aircraft engines, satellites, ships
or railroad rolling stock (unless any such property or assets are pledged as collateral in respect of the Credit Agreement); 

(10)    Rule 3-16 Capital Stock; and 

  
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 (11)    so long as the Credit Agreement is outstanding, any
asset that is not pledged to secure obligations arising in respect of the Credit Agreement (whether pursuant to the terms of the Credit Agreement (and any related documents) or as a result of any determination made thereunder, or by amendment,
waiver or otherwise). 
 “Excluded Security” shall mean (i) any Equity Interest or other security representing voting
Equity Interests in a First-Tier Foreign Subsidiary in excess of, or other than, 65% of all voting Equity Interests in such First-Tier Foreign Subsidiary, (ii) any interest in a joint venture or
non-wholly owned Subsidiary to the extent and for so long as the attachment of the security interest created hereby therein would violate any joint venture agreement, organizational document, shareholders
agreement or equivalent agreement relating to such joint venture or non-wholly owned Subsidiary; provided that Equity Interests in Subsidiaries of the Company the minority interest in which is held by
management, directors or employees of the Company or its Subsidiaries or consists of rolled over equity shall not be considered Excluded Securities, (iii) any Equity Interest the pledge of which in support of the Obligations is otherwise
prohibited by applicable law, (iv) any Equity Interest in the entities listed on Schedule 1.1 to the Security Agreement solely to the extent that the transfer or assignment of such Equity Interest is prohibited by contractual requirements
applicable to the Grantor holding such Equity Interest, including the requirements of the organizational documents of the issuer of such Equity Interest; provided that the Equity Interest in any such entity shall no longer constitute an
Excluded Security for purposes of this Indenture if at any time the prohibitions on transfer or assignment of such Equity Interest are no longer applicable to such Person and (v) any Equity Interest that constitutes an “Excluded
Security” (or equivalent term) under the Credit Agreement collateral documents. 
 “Existing Indebtedness” means
Indebtedness of the Company and its Restricted Subsidiaries (other than Indebtedness incurred under Section 4.9(b)(i) or (xx) hereof) in existence on the date of this Indenture, until such amounts are repaid. 

“Existing Secured Notes” means the Company’s outstanding 6.50% Senior Secured Notes due 2022 and 7.00% Senior Secured
Notes due 2024. 
 “Existing Senior Notes” means (x) Valeant’s outstanding, 6.375% Senior Notes due 2020, 7.000%
Senior Notes due 2020, 6.75% Senior Notes due 2021 and 7.25% Senior Notes due 2022 and (y) the Company’s outstanding 5.375% Senior Notes due 2020, 7.50% Senior Notes due 2021, 5.625% Senior Notes due 2021, 5.50% Senior Notes due 2023,
5.875% Senior Notes due 2023, 4.50% Senior Notes due 2023 and 6.125% Senior Notes due 2025. 
 “Fair Market Value” means
the price that could be negotiated in an arm’s-length transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the
transaction, determined in good faith by (i) a responsible financial officer or accounting officer of the Company with respect to valuations not in excess of $750.0 million and (ii) the Board of Directors of the Company with respect
to valuations equal to or in excess of $750.0 million, as applicable. 
 “Fall Away Event” means such time as the
Notes shall have an Investment Grade Rating and the Company shall have delivered to the Trustee an Officers’ Certificate certifying that the foregoing condition has been satisfied. 

“Final Maturity Date” means November 1, 2025. 

“First Lien Intercreditor Agreement” means that certain First Lien Intercreditor Agreement, dated as of March 21, 2017,
by and among the collateral agents and trustee under the Existing Secured Notes and the Credit Agreement Collateral Agent, as supplemented by the joinder executed by the Notes Collateral Agents on the date hereof and as the same may be further
amended, amended and restated, supplemented, modified or replaced from time to time. 
 “First Lien Notes Secured Parties”
means the Trustee, the Notes Collateral Agents and the Holders of the Notes. 

  
 -11- 

 “First Priority Credit Obligations” means any and all amounts payable under or
in respect of any Credit Agreement as amended, restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time, in each case, to the extent secured by a first priority security interest in
the Collateral. 
 “First Priority Lien” means all Liens that secure the First Priority Notes Obligations. 

“First Priority Notes Obligations” means all Obligations of the Company and the Note Guarantors under or in respect of the
Notes, this Indenture and the Collateral Documents. 
 “First Priority Obligations” means (i) the First Priority
Credit Obligations, (ii) the First Priority Notes Obligations, (iii) all obligations of the Company and the Note Guarantors under or in respect of the Existing Secured Notes and the guarantees thereof and the indenture and security
documents with respect thereto (iv) and any other Obligations secured by First Priority Liens on the Collateral and subject to the First Lien Intercreditor Agreement that are permitted to be incurred and secured by such Lien pursuant to this
Indenture. 
 “First-Tier Foreign Subsidiary” means a Foreign Subsidiary that is a direct Subsidiary of (x) Valeant or
(y) any Note Guarantor that is a Domestic Subsidiary of Valeant. 
 “Fixed Charge Coverage Ratio” means, with respect
to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs,
assumes, Guarantees, repays, repurchases or redeems any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage
Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving
pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom as if the same had occurred at the
beginning of the applicable four-quarter reference period. 
 To the extent the Company elects pursuant to an Officers’ Certificate
delivered to the Trustee to treat all or any portion of the commitment under any Indebtedness as being incurred prior to the actual incurrence thereof pursuant to Section 4.9(e) hereof, the Company shall deem all or such portion of such
commitment of such Indebtedness, as applicable, as having been incurred and to be outstanding for purposes of calculating the Fixed Charge Coverage Ratio for any period in which the Company makes any such election and for any subsequent period until
such commitments or such Indebtedness, as applicable, are no longer outstanding. 
 In addition, for purposes of calculating the Fixed
Charge Coverage Ratio: 
 (1)    acquisitions that have been made by the specified Person or any of its
Restricted Subsidiaries, including through consolidations or mergers and including any related financing transactions, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date will be
given pro forma effect as if they had occurred on the first day of the four-quarter reference period and Consolidated Cash Flow for such reference period will be calculated (x) on a pro forma basis in accordance with Regulation S-X promulgated by the SEC and, in addition, (y) to give effect to any Pro Forma Cost Savings; 

(2)    the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with
GAAP, and operations or businesses disposed of prior to the Calculation Date, will be excluded; and 

(3)    the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP,
and operations or businesses disposed of prior to the Calculation Date, will be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Restricted
Subsidiaries following the Calculation Date. 

  
 -12- 

 “Fixed Charges” means, with respect to any specified Person for any period, the
sum, without duplication, of: 
 (1)    the consolidated interest expense of such Person and its
Restricted Subsidiaries for such period, whether paid or accrued, including, without limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments, the interest
component of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, imputed interest with respect to Attributable Debt, commissions, discounts and other fees and charges incurred in
respect of letter of credit or bankers’ acceptance financings, and net of the effect of all payments made or received pursuant to Interest Rate Hedging Obligations; plus 

(2)    the consolidated interest of such Person and its Restricted Subsidiaries that was capitalized during
such period; plus 
 (3)    any interest expense on Indebtedness of another Person that is
Guaranteed by such Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries; plus 

(4)    all dividends, whether paid or accrued and whether or not in cash, on any Disqualified Stock or any
series of preferred stock of such Person or any of its Restricted Subsidiaries, other than dividends on Equity Interests payable solely in Equity Interests of the Company (other than Disqualified Stock) or to the Company or a Restricted Subsidiary
of the Company, in each case, on a consolidated basis and determined in accordance with GAAP; minus 

(5)    the consolidated interest income of such Person and its Restricted Subsidiaries for such period;
minus 
 (6)    amortization of deferred financing fees, debt issuance costs, commissions, fees
and expenses and expensing of any financing fees. 
 “Foreign Subsidiary” means a Restricted Subsidiary that is not
organized or existing under the laws of the United States of America or any state or territory thereof or the District of Columbia or is a Restricted Subsidiary of such Foreign Subsidiary. 

“GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment
of the accounting profession, as in effect on January 30, 2015. 
 “Global Note Legend” means the legend set forth in
Exhibit A hereof, as applicable, which is required to be placed on all Global Notes issued under this Indenture. 

“Global Notes” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and
the Private Placement Legend deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will initially be issued in a denomination equal to the principal amount of the Notes sold in reliance on Rule 144A. 

“Government Securities” means, as applicable, (i) direct non-callable
obligations of, or guaranteed by, the United States of America for the timely payment of which guarantee or obligations the full faith and credit of the U.S. is pledged and (ii) direct non-callable
obligations of, or guaranteed by, a member state of the European Union for the timely payment of which guarantee or obligations the full faith and credit of the government of such member state is pledged. 

“Grantor” has the meaning given to such term (or any equivalent term, such as pledgor or mortgagor) in the applicable
Collateral Documents. 

  
 -13- 

 “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, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any
part of any Indebtedness. 
 “Hedging Obligations” means, with respect to any specified Person: 

(1)    Interest Rate Hedging Obligations; and 

(2)    the obligations of such Person under agreements or arrangements designed to protect such Person
against fluctuations in currency exchange rates. 
 “Holder” or “Noteholder” means the Person in whose
name a Note is registered on the Registrar’s books. 
 “Indebtedness” means, with respect to any specified Person, any
indebtedness of such Person, whether or not contingent (without duplication): 
 (1)    in respect of
borrowed money; 
 (2)    evidenced by bonds, notes, debentures or similar instruments or letters of
credit (or reimbursement agreements in respect thereof); 
 (3)    in respect of banker’s
acceptances; 
 (4)    representing Capital Lease Obligations or Attributable Debt in respect of sale and
leaseback transactions; 
 (5)    representing the balance deferred and unpaid of the purchase price of
any property, which balance is (a) due more than twelve months from the date of incurrence of the obligation in respect thereof or (b) evidenced by a note or similar written instrument, and except any such balance that constitutes an
accrued expense or trade payable; or 
 (6)    representing net payment obligations under any Hedging
Obligations, 
 if and to the extent any of the preceding items (other than letters of credit, Attributable Debt and Hedging Obligations) would appear as a
liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes (x) all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or
not such Indebtedness is assumed by the specified Person), the amount of such obligation being deemed to be the lesser of the Fair Market Value of such asset and the amount of the obligation so secured and (y) to the extent not otherwise
included, the Guarantee by the specified Person of any Indebtedness of any other Person. 
 Notwithstanding the foregoing, in connection
with the purchase by a Person or any of its Restricted Subsidiaries of any business, the term “Indebtedness” will exclude indemnification or post-closing payment adjustments or earn-out or similar
obligations to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet, working capital calculation or other similar method or such payment depends on the performance of such business after the
closing; provided, however, that, at the time of closing, the amount of any such payment is not determinable or is of a contingent nature and, to the extent such payment thereafter becomes fixed and finally determined, the amount is
paid within 60 days thereafter. 
 The amount of any Indebtedness outstanding as of any date will be: 

(1)    the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue
discount; and 

  
 -14- 

 (2)    the principal amount of the Indebtedness, together
with any interest on the Indebtedness that is more than 30 days past due, in the case of any other Indebtedness. 

“Indenture” means this Indenture as amended or supplemented from time to time pursuant to the terms of this Indenture. 

“Initial Notes” means the $1,000,000,000 aggregate principal amount of Notes issued on the date hereof. 

“Interest Rate Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under: 

(1)    interest rate swap agreements, interest rate cap agreements and interest rate collar agreements; and

 (2)    other agreements or arrangements designed to protect such Person against fluctuations in
interest rates. 
 “Investment Grade Rating “ means a rating of Baa3 or better by Moody’s or BBB- or better by S&P (or its equivalent under any successor rating categories of Moody’s or S&P) (or, in each case, if such Rating Agency ceases to rate the Notes for reasons outside of the control of
the Company, the equivalent investment grade credit rating from any Rating Agency selected by the Company as a replacement Rating Agency). 

“Investments” means, with respect to any Person, all direct or indirect investments by such Person in other Persons
(including Affiliates) in the forms of loans (including Guarantees or other obligations), advances or capital contributions (excluding commission, travel and similar advances to officers and employees made in the ordinary course of business),
purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If (i) the
Company or any Restricted Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct or indirect Restricted Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no
longer a Restricted Subsidiary of the Company or (ii) a Restricted Subsidiary of the Company is redesignated as an Unrestricted Subsidiary, the Company will be deemed to have made an Investment on the date of any such sale, disposition or
redesignation equal to the Fair Market Value of the Company’s Investments in such Subsidiary that were not sold or disposed of in an amount determined as provided in Section 4.8(c) hereof. For the avoidance of doubt, acquisitions of or
licenses for products or assets used or useful in a Permitted Business do not constitute Investments. 
 “Issue Date” means
October 17, 2017, the date of the initial issuance of the Notes under this Indenture. 
 “Letter-of-Credit Rights” has the meaning given to such term in the UCC. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge (fixed and/or floating), 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 UCC or PPSA (or equivalent statutes) of any jurisdiction. 

“LSC Sub-Agent” means one or more of LSC’s Subsidiaries, Affiliates, or
attorneys including, but not limited to, TMF RUS, Ltd., TMF BRASIL ADMINISTRAÇÃO E GESTÃO DE ATIVOS LTDA., TMF Colombia Ltda., TMF MAGYARORSZÁG KÖNYVELŐ ÉS SZOLGÁLTATÓ KORLÁTOLT
FELELŐSSÉGŰ TÁRSASÁG, TMF Administration Services Limited, TMF Group Limited (Japan), TMF PROCESS OUTSOURCING, S. DE R.L. DE C.V., TMF Corporate Services New Zealand Limited, TMF Poland Spółka z
ograniczoną odpowiedzialnością, TMF Services SA, TMF Corporate Services (South Africa) Proprietary Limited, TMF Sweden AB and/or TMF Services SA. 

  
 -15- 

 “Material Real Estate Asset” means any fee owned Real Estate Asset having a Fair
Market Value in excess of $20,000,000; provided that in no event shall Material Real Estate Assets include the Real Estate Assets of the Company and its Subsidiaries owned as of June 29, 2011 and located in (a) Carolina, Puerto Rico
and (b) Christ Church, Barbados. 
 “Moody’s” means Moody’s Investors Service, Inc., or any successor to the
rating agency business thereof. 
 “Net Income” means, with respect to any specified Person, the net income (loss) of such
Person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends. 
 “Net
Proceeds” means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of the direct costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, and sales commissions, and any
relocation expenses incurred as a result of the Asset Sale, taxes paid or payable as a result of the Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, and amounts required
to be applied to the repayment of Indebtedness, other than Pari Passu Indebtedness and the Notes, secured by a Lien on the asset or assets that were the subject of such Asset Sale and any reserve for adjustment in respect of the sale price of such
asset or assets established in accordance with GAAP. 
 “Non-Recourse Debt” means
Indebtedness: 
 (1)    as to which none of the Company or any of its Restricted Subsidiaries
(a) provides credit support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness), (b) is directly or indirectly liable as a guarantor or otherwise, or (c) constitutes the lender; 

(2)    no default with respect to which (including any rights that the holders of the Indebtedness may have
to take enforcement action against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness (other than the Notes) of the Company or any of its Restricted Subsidiaries to declare a default on
such other Indebtedness or cause the payment of the Indebtedness to be accelerated or payable prior to its Stated Maturity; and 

(3)    as to which the lenders have been notified in writing that they will not have any recourse to the
stock or assets of the Company or any of its Restricted Subsidiaries. 
 “Non-U.S.
Person” means a Person who is not a U.S. Person. 
 “Note Guarantee” means each Guarantee of the obligations with
respect to the Notes issued by a Subsidiary of the Company pursuant to the terms of this Indenture. 
 “Note Guarantor”
means each Subsidiary of the Company that becomes a guarantor of the Notes pursuant to the terms of this Indenture. 

“Notes” means any of the Company’s 5.500% Senior Secured Notes due 2025 (individually, a
“Note”), as amended or supplemented from time to time, that are issued under this Indenture. 
 “Notes Collateral
Agents” means BNY Mellon, The Bank of New York Mellon, London Branch, BTA Institutional Services Australia Limited, BNY Mellon Corporate Trustee Services Limited and LSC (together with those persons who become respective notes collateral
agents pursuant to the terms of this Indenture), acting severally and not jointly; LSC may perform its duties and exercise its rights and powers hereunder and under the applicable Collateral Documents by or through any LSC Sub-Agent, and, accordingly, whenever reference herein is made to the Note Collateral Agents (and/or in singular form, to a or the “Notes Collateral Agent”), such reference shall be deemed to
include the LSC Sub-Agents, to the extent applicable. 
 “Notes Documents” means
this Indenture, the Notes, the Note Guarantees and the Collateral Documents. 

  
 -16- 

 “Obligations” means any principal, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness. 
 “Offering
Memorandum” means the Offering Memorandum dated October 2, 2017, with respect to the Notes. 
 “Officer”
means the Chairman of the Board, the Chief Executive Officer, the President, any Vice President, the Chief Financial Officer, the Controller, Treasurer, the Secretary or any Assistant Controller, Assistant Treasurer or Assistant Secretary of the
Company. 
 “Officers’ Certificate” means a certificate signed by two Officers; provided, however, that
for purposes of Section 4.4 hereof, “Officers’ Certificate” means a certificate signed by the principal executive officer, principal financial officer or principal accounting officer of the Company and by one other Officer. 

“Opinion of Counsel” means a written opinion from legal counsel reasonably acceptable to the Trustee. The counsel may be an
employee of or counsel to the Company. 
 “Parallel Debt” means in relation to an Underlying Debt an obligation to pay to a
Notes Collateral Agent and/or Trustee (as applicable) an amount equal to (and in the same currency as) the amount of the Underlying Debt. 

“Pari Passu Indebtedness” means Indebtedness of the Company or a Note Guarantor that is secured equally and ratably by Liens
on the Collateral having the same priority as the Liens securing the Notes or the Note Guarantees; provided that an authorized representative of the holders of such Indebtedness shall be a party to the First Lien Intercreditor Agreement. 

“Participant” means, a member of, or participant or account holder in, DTC, Euroclear and/or Clearstream. 

“Permitted Asset Swap” means the substantially concurrent purchase and sale or exchange of assets used or useful in a
Permitted Business or a combination of such 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 4.14 of this Indenture. 
 “Permitted Business” means any business conducted by the Company and its
Restricted Subsidiaries on the Issue Date and any business that is in the judgment of the Company reasonably related, ancillary or complementary to the business of the Company and its Restricted Subsidiaries on the Issue Date or a natural extension
thereof. 
 “Permitted Investments” means: 

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

(2)    any Investment in cash and Cash Equivalents; 

(3)    any Investment by the Company or any Subsidiary of the Company in a Person, if as a result of such
Investment: 
 (a)    such Person becomes a Restricted Subsidiary of the Company; or 

(b)    such Person is merged or consolidated with or into, or transfers or conveys substantially all of its
assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 

  
 -17- 

 and, in each case, any Investment held by such Person; provided that such Investment was
not acquired by such Person in contemplation of such acquisition, merger, consolidation, transfer, conveyance or liquidation; 

(4)    any Investment made as a result of the receipt of non-cash
consideration from an Asset Sale that was made pursuant to and in compliance with Section 4.14 hereof; 

(5)    any Investments made solely in exchange for the issuance of Equity Interests (other than
Disqualified Stock) of the Company; 
 (6)    (i) any Investments received in compromise of obligations
owed to the Company or any of its Restricted Subsidiaries created in the ordinary course of business, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer or in
satisfaction of judgments and (ii) Investments by the Company or any of its Restricted Subsidiaries in a Securitization Special Purpose Entity or any Investment by a Securitization Special Purpose Entity in any other Person, in each case, in
connection with a Qualified Securitization Transaction; 
 (7)    receivables owing to the Company or any
Restricted Subsidiary of the Company if created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms (which trade terms may include such concessionary trade terms as the Company or any
such Restricted Subsidiary deems reasonable under the circumstances), and other Investments to the extent such Investments consist of prepaid expenses, negotiable instruments held for collection and lease, utility and workers’ compensation,
performance and other similar deposits made in the ordinary course of business by the Company or any Restricted Subsidiary; 

(8)    Investments represented by Hedging Obligations; 

(9)    Investments in existence on the date of this Indenture and any extension, modification or renewal of
any such Investments, but only to the extent such extension, modification or renewal does not involve additional advances, contributions or other Investments of cash or other assets or other increases thereof (other than as a result of the accrual
or accretion of interest or original issue discount or the issuance of pay-in-kind securities, in each case, pursuant to the terms of such Investment as in effect on the
date of this Indenture); 
 (10)    payroll, travel and similar advances to cover matters that are
expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(11)    loans and advances to officers, directors and employees in the ordinary course of business in the
aggregate amount outstanding at any one time not to exceed $25.0 million; 
 (12)    Investments in
a Permitted Joint Venture or Unrestricted Subsidiary, when taken together with all other Investments made pursuant to this clause (12) that are at the time outstanding, not to exceed the greater of (x) $675.0 million and (y) 2.5% of
Consolidated Total Assets; and 
 (13)    other Investments in any Person having an aggregate Fair Market
Value (measured on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (13) that are at the time outstanding, not to
exceed the greater of (x) $2.0 billion and (y) 7.5% of Consolidated Total Assets. 
 “Permitted Joint Venture” means
any joint venture (which may be in the form of a limited liability company, partnership, corporation or other entity) in which the Company or any of its Restricted Subsidiaries is a joint venturer; provided, however, that the joint
venture is engaged solely in a Permitted Business. 

  
 -18- 

 “Permitted Liens” means: 

(1)    Liens securing Indebtedness and other Obligations under Credit Facilities that were permitted by the
terms of this Indenture to be incurred under Section 4.9(b)(i) or (xx) hereof; 
 (2)    Liens
in favor of the Company or any Note Guarantor; 
 (3)    Liens on property of a Person existing at the
time such Person is merged with or into or consolidated with or is acquired by the Company or any Subsidiary of the Company; provided, that such Liens were not incurred in contemplation of such merger, consolidation or acquisition and do not
extend to any assets other than those of the Person merged into, consolidated with or acquired by the Company or the Subsidiary; 

(4)    Liens on property existing at the time of acquisition of the property by the Company or any
Subsidiary of the Company, provided, that such Liens were not incurred in contemplation of such acquisition; 

(5)    Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds
or other obligations of a like nature incurred in the ordinary course of business; 
 (6)    Liens to
secure Indebtedness (including Capital Lease Obligations) permitted by Section 4.9(b)(iv) or Section 4.9(b)(v) hereof, covering only the assets acquired with such Indebtedness (and improvements or accessions thereto); 

(7)    Liens existing on the date of this Indenture and Liens securing the Existing Secured Notes; 

(8)    Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that
are being contested in good faith by appropriate proceedings promptly instituted and diligently concluded, provided, that any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor; 

(9)    (i) Liens securing Hedging Obligations and (ii) Liens existing under or by reason of
Indebtedness or other contractual requirements of a Securitization Special Purpose Entity or any Standard Securitization Undertaking, in each case in respect of this subclause (ii) in connection with a Qualified Securitization Transaction; 

(10)    Liens arising by reason of deposits necessary to obtain standby letters of credit in the ordinary
course of business; 
 (11)    Liens to secure any Permitted Refinancing Indebtedness permitted to be
incurred under this Indenture; provided, however, that: 
 (a)    the new Lien shall be
limited to all or part of the same property and assets that secured or, under the written agreements pursuant to which the original Lien arose, could secure the original Lien (plus improvements and accessions to, such property or proceeds or
distributions thereof); and 
 (b)    the Indebtedness secured by the new Lien is not increased to any
amount greater than the sum of (x) the outstanding principal amount or, if greater, committed amount, of the Permitted Refinancing Indebtedness and (y) an amount necessary to pay any fees and expenses, including premiums, related to such
refinancing, refunding, extension, renewal or replacement; 

  
 -19- 

 (12)    Liens of the Company or any Restricted Subsidiary of
the Company with respect to obligations that do not exceed the greater of (x) $275.0 million and (y) 1.0% of Consolidated Total Assets at any one time outstanding; 

(13)    survey title exceptions, title defects, encumbrances, easements, reservations of, or rights of
others for, rights of way, sewers, electric lines, telegraph or telephone lines and other similar purposes or zoning or other restrictions as to the use of real property not materially interfering with the business of the Company and its Restricted
Subsidiaries taken as a whole; 
 (14)    Liens arising by operation of law in favor of landlords,
mechanics, carriers, warehousemen, materialmen, laborers, employees, suppliers or the like, incurred in the ordinary course of business for sums which are not yet delinquent or are being contested in good faith by negotiations or by appropriate
proceedings which suspend the collection thereof; 
 (15)    Liens arising out of judgments, decrees,
orders or awards in respect of which the Company or a Restricted Subsidiary of the Company shall in good faith be prosecuting an appeal or proceedings for review which appeal or proceedings shall not have been finally terminated, or if the period
within which such appeal or proceedings may be initiated shall not have expired; 
 (16)    Liens
securing the Notes issued on the Issue Date and the Note Guarantees with respect thereto; 

(17)    Liens securing one or more local working capital facilities of Foreign Subsidiaries, so long as
such Liens do not extend to the assets of any Person other than such foreign Restricted Subsidiaries; 

(18)    Liens on assets of Foreign Subsidiaries securing Indebtedness incurred by Foreign Subsidiaries
pursuant to Section 4.9(b)(xiii) hereof; 
 (19)    Liens imposed pursuant to licenses, sublicenses,
leases and subleases which do not materially interfere with the ordinary conduct of the business of the Company and its Restricted Subsidiaries taken as a whole; 

(20)    Liens incurred to secure cash management services in the ordinary course of business; 

(21)    customary restrictions on, or options, contracts or other agreements for, transfers of assets
contained in agreements related to any sale of assets pending such sale; provided that such restrictions apply only to the assets to be sold and such sale is otherwise permitted by this Indenture; 

(22)    Liens securing obligations to the Trustee arising under this Indenture and similar Liens in favor
of trustees, agents and representatives arising under instruments governing Indebtedness permitted to be incurred under this Indenture; 

(23)    Liens on trusts, cash or Cash Equivalents or other funds in connection with the defeasance (whether
by covenant or legal defeasance), discharge or redemption of Indebtedness, pending consummation of a strategic transaction, or similar obligations; provided that such defeasance, discharge or redemption is otherwise permitted by this
Indenture; and 
 (24)    Liens to secure any Indebtedness permitted to be incurred pursuant to
Section 4.9, provided that (a) in the case of this clause (a), at the time of its incurrence and after giving pro forma effect thereto, the Secured Leverage Ratio would be no greater than 3.50 to 1.0; and to the extent such Liens
are on Collateral, an authorized representative of the Holders of such Indebtedness and the Notes Collateral Agents shall execute a joinder to the First Lien Intercreditor Agreement (in the form attached thereto) as a holder of Pari Passu
Indebtedness or (b) such Liens rank junior to the Liens securing the Notes and Note Guarantees pursuant to a customary intercreditor agreement pursuant to which such representative shall agree with the representatives of the Notes and Note
Guarantees and other Pari Passu Indebtedness that the Liens securing such Indebtedness are subordinated to the Liens securing obligations under the Notes and the Note Guarantees. 

  
 -20- 

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

“Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in
exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided, that: 

(1)    the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness
does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness extended, refinanced, renewed, replaced, defeased or refunded (plus all accrued interest on the Indebtedness and the amount of all expenses and premiums
incurred in connection therewith); 
 (2)    such Permitted Refinancing Indebtedness has a final maturity
date later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; 

(3)    if the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is
contractually subordinated in right of payment to the Notes, such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity date of, and is subordinated in right of payment to, the Notes on terms at least as
favorable to the Holders of Notes as those contained in the documentation governing the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; and 

(4)    if the Indebtedness being refinanced is Indebtedness of the Company or a Note Guarantor, such
Permitted Refinancing Indebtedness is also Indebtedness of the Company or a Note Guarantor. 
 “Person” means any
individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company or government or other entity. 

“PPSA” means the Personal Property Security Act (Ontario); provided, however, if the validity,
attachment, perfection (or opposability), effect of perfection or of non-perfection or priority of a Notes Collateral Agent’s security interest in any Collateral are governed by the personal property
security laws or laws relating to personal or movable property of any jurisdiction in Canada other than the Province of Ontario, PPSA shall include those personal property security laws or laws relating to personal or movable property in such other
jurisdiction for the purpose of the provisions hereof relating to such validity, attachment, perfection (or opposability), effect of perfection or of non-perfection or priority and for the definitions related
to such provisions. 
 “Principal” or “principal” of a debt security, including the Notes, means the
principal of the security plus, when appropriate, the premium, if any, on the security. 
 “Pro Forma Cost Savings” means,
without duplication, with respect to any period, the reductions in costs and other operating improvements or operating synergies with respect to an acquisition that are reasonably identifiable, factually supportable, reasonably attributable to the
action specified and reasonably anticipated to result from such actions; provided that the relevant actions have been taken or initiated and the benefits resulting therefrom are anticipated to be realized within 18 months of the date of such
acquisition (including, for the avoidance of doubt, actions that will be taken or initiated so long as the benefits resulting therefrom are anticipated to be realized within 18 months of the date of such acquisition), as if all such reductions in
costs and other operating improvements or 

  
 -21- 

 
operating synergies had been effected as of the beginning of such period, decreased by any recurring incremental expenses incurred or to be incurred during such four-quarter period in order to
achieve such reduction in costs. Pro Forma Cost Savings described in the preceding sentence shall be calculated in good faith by a responsible financial or accounting officer of the Company and shall be accompanied by a certificate delivered to the
Trustee from the Company’s chief financial officer that generally outlines the specific actions taken or expected to be taken and the net cost reductions and other operating improvements or operating synergies achieved or expected to be
achieved from each such action and certifies that such cost reductions and other operating improvements or synergies meet the criteria set forth in the preceding sentence. 

“Qualified Securitization Transaction” means any transaction or series of transactions that may be entered into by the
Company or any of its Restricted Subsidiaries pursuant to which the Company or such Restricted Subsidiary may sell, convey, grant a security interest in or otherwise transfer to a Securitization Special Purpose Entity, and such Securitization
Special Purpose Entity may sell, convey, grant a security interest in or otherwise transfer to any other Person, any Securitization Program Assets (whether now existing or arising in the future). 

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

“Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by the Company
or any Note Guarantor in any real property. 
 “Redemption Date” or “redemption date” means the date
specified for redemption of the Notes in accordance with the terms thereof and this Indenture. 
 “Regulation S” means
Regulation S under the Securities Act or any successor to such regulation. 
 “Regulation
S-X” means Regulation S-X under the Securities Act or any successor to such regulation. 

“Regulation S Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note
Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will initially be issued in a denomination equal to the principal amount of the Notes sold in reliance on
Regulation S. 
 “Restricted Global Note” means a permanent Global Note that is substantially in the form of Exhibit
A attached hereto that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary or a
nominee of the Depositary, representing Notes that bear the Legend. 
 “Restricted Investment” means an Investment other
than a Permitted Investment. 
 “Restricted Note” means a Note required to bear the restricted legend set forth in the form
of Notes set forth in Exhibit A of this Indenture. 
 “Restricted Subsidiary” of a Person means any Subsidiary of
the referent Person that is not an Unrestricted Subsidiary. For the avoidance of doubt, Valeant shall at all times be considered a Restricted Subsidiary of the Company. 

“Rule 3-16 Capital Stock” means any Capital Stock of any Subsidiary, in the event
that Rule 3-16 of Regulation S-X requires or is amended, modified or interpreted by the SEC to require (or is replaced with another rule or regulation, or any other law,
rule or regulation is adopted, which would require) the filing with the SEC (or any other governmental agency) of separate financial statements of the Company or any such Subsidiary due to the fact that such Subsidiary’s Capital Stock secures
the Notes and the Note Guarantees, provided that such Capital Stock shall automatically be deemed (in accordance with the terms of the applicable Collateral Document) not to be part of the Collateral securing the Notes and Note Guarantees
only to the extent necessary to not be subject to such requirement. 

  
 -22- 

 “Rule 144” means Rule 144 promulgated under the Securities Act or any successor
to such rule. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act or any successor to such rule. 

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

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

“S&P” means Standard & Poor’s Ratings Group, Inc., or any successor to the rating agency business thereof.

 “SEC” means the U.S. Securities and Exchange Commission. 

“Secured Leverage Ratio” means the ratio of (i) the Total Consolidated Indebtedness of the Company and its Restricted
Subsidiaries that is secured by a Lien on the Collateral (unless such Lien is junior to the Lien securing the Notes and the Note Guarantees) or on other assets of the Company and its Restricted Subsidiaries, after giving effect to all incurrences
and repayments of Indebtedness on the relevant transaction date (net of unrestricted cash and Cash Equivalents of the Company and its Restricted Subsidiaries as of such date), provided that in the event the Company proposes to incur
Indebtedness pursuant to clauses (i) and (xx) of Section 4.9(b) hereof on the same day, Indebtedness incurred under clause (i) on that date shall not be included in the calculation of the Secured Leverage Ratio for purposes of the
calculation to be made pursuant to such clause (xx) on such date or clause (xxiv) of the definition of “Permitted Liens” on such date (but shall, for the avoidance of doubt, be included in any and all subsequent calculations of
the Secured Leverage Ratio to the extent then outstanding and secured) to (ii) Consolidated Cash Flow of the Company for the most recent four consecutive full fiscal quarters for which financial statements are available ending on or prior to
the transaction date. In addition, the “Secured Leverage Ratio” will be calculated in a manner consistent with the definition of “Fixed Charge Coverage Ratio” to give effect to transactions that would require pro forma
adjustments to such ratio. 
 To the extent the Company elects pursuant to an Officers’ Certificate delivered to the Trustee to treat
all or any portion of the commitment under any Indebtedness as being incurred prior to the actual incurrence thereof pursuant to Section 4.9(e) hereof, the Company shall deem all or such portion of such commitment or such Indebtedness, as
applicable, as having been incurred and to be outstanding for purposes of calculating the Secured Leverage Ratio for any period in which the Company makes any such election and for any subsequent period until such commitments or such Indebtedness,
as applicable, are no longer outstanding. 
 “Secured Party Claim” means any amount which the Company or any Note Guarantor
owes to a First Lien Notes Secured Party under or in connection with the Notes Documents. 
 “Securities Act” means the
U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as in effect from time to time. 

“Securitization Program Assets” means (i) all receivables customarily transferred in connection with asset
securitization transactions by the Company or any of its Restricted Subsidiaries pursuant to documents relating to any Qualified Securitization Transaction, (ii) all rights arising under the documentation governing or related to receivables
(including rights in respect of Liens securing such receivables and other credit support in respect of such receivables), any proceeds of such receivables and any lockboxes or accounts in which such proceeds are deposited, spread accounts and other
similar accounts (and any amounts on deposit therein) established in connection with a Qualified Securitization Transaction, any warranty, indemnity, dilution and other intercompany claim arising out of the documents relating to such Qualified
Securitization Transaction and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitizations involving accounts receivable and (iii) all collections
(including recoveries) and other proceeds of the assets described in the foregoing clauses (i) and (ii). 

  
 -23- 

 “Securitization Special Purpose Entity” means a Person (including, without
limitation, a Restricted Subsidiary) created in connection with the transactions contemplated by a Qualified Securitization Transaction, which Person engages in no activities and holds no assets other than those incidental to such Qualified
Securitization Transaction. 
 “Security Agreement” means that certain U.S. Pledge and Security Agreement, dated as of the
Issue Date, by and among each of the Note Guarantors party thereto and BNY Mellon, in its capacity as Collateral Agent (or its successor). 

“Shared Collateral” shall have the meaning given to such term in the First Lien Intercreditor Agreement. 

“Significant Subsidiary” means any Subsidiary that would be a “significant subsidiary” as defined in Article 1,
Rule 1-02 of Regulation S-X, promulgated by the SEC, as such regulation is in effect on the date hereof. 

“Standard Securitization Undertakings” means all representations, warranties, covenants, indemnities, performance guarantees
and servicing obligations entered into by the Company or any Subsidiary (other than a Securitization Special Purpose Entity) which are customary in connection with any Qualified Securitization Transaction. 

“Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on
which the payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, and will not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the
date originally scheduled for the payment thereof. 
 “Subsidiary” means, with respect to any specified Person: 

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

(2)    any partnership (a) the sole general partner or the managing general partner of which is such
Person or a Subsidiary of such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination thereof). 

“TIA” means the Trust Indenture Act of 1939, as amended, and the rules and regulations thereunder as in effect on the date of
this Indenture, except to the extent any amendment to the Trust Indenture Act expressly provides for application of the Trust Indenture Act as in effect on another date. 

“Total Consolidated Indebtedness” means Indebtedness consisting of Indebtedness for borrowed money, Capital Lease
Obligations, letters of credit (only to the extent of any unreimbursed drawings thereunder), debt obligations evidenced by promissory notes and similar instruments and Guarantees in respect of any of the foregoing. 

“Total Leverage Ratio” means the ratio of (i) Total Consolidated Indebtedness of the Company and its Restricted
Subsidiaries, after giving effect to all incurrences and repayments of Indebtedness on the transaction date (net of unrestricted cash and Cash Equivalents of the Company and its Restricted Subsidiaries as of such date), to (ii) Consolidated
Cash Flow of the Company and its Restricted Subsidiaries for the most recent four consecutive full fiscal quarters for which financial statements are available ending on or prior to the transaction date. In addition, the “Total Leverage
Ratio” will be calculated in a manner consistent with the definition of “Fixed Charge Coverage Ratio” to give effect to transactions that would require pro forma adjustments to such ratio. 

To the extent the Company elects pursuant to an Officers’ Certificate delivered to the Trustee to treat all or any portion of the
commitment under any Indebtedness as being incurred prior to the actual incurrence thereof 

  
 -24- 

 
pursuant to Section 4.9(e) hereof, the Company shall deem all or such portion of such commitment or such Indebtedness, as applicable, as having been incurred and to be outstanding for
purposes of calculating the Total Leverage Ratio for any period in which the Company makes any such election and for any subsequent period until such commitments or such Indebtedness, as applicable, are no longer outstanding. 

“Treasury Rate” means with respect to the Notes, the rate per annum equal to the yield to maturity at the time of computation
of U.S. Treasury securities with a constant maturity most nearly equal to the period from such date of redemption to November 1, 2020, provided, however, that if the period from such date of redemption to November 1, 2020 is
not equal to the constant maturity of a U.S. Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a
year) from the weekly average yields of U.S. Treasury securities for which such yields are given, except that if the period from such date of redemption to November 1, 2020 is less than one year, the weekly average yield on actually traded U.S.
Treasury securities adjusted to a constant maturity of one year shall be used. The Company shall obtain the Treasury Rate. 

“Trustee” means The Bank of New York Mellon, a New York banking corporation, until a successor replaces it in accordance with
the provisions of this Indenture, and thereafter means the successor. 
 “Trust Officer” shall mean, when used with respect
to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant secretary, associate, secretary, trust officer or any other officer of the Trustee who customarily performs functions similar
to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have
direct responsibility for the administration of this Indenture. 
 “UCC” or “Uniform Commercial Code”
means the Uniform Commercial Code as the same may be in effect from time to time in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it applies to any item or items of
Collateral. 
 “Underlying Debt” means in relation to the Company or any Note Guarantor and at any time, each obligation
(whether present or future, actual or contingent) owing by the Company or such Note Guarantor to a First Lien Notes Secured Party under this Indenture, the Notes or the Collateral Documents (including for the avoidance of doubt any change or
increase in those obligations pursuant to or in connection with any amendment or supplement or restatement or novation of this Indenture, the Notes or any Collateral Document, in each case whether or not anticipated as of the date of this Indenture)
excluding the Company’s or such Note Guarantor’s Parallel Debt or German Parallel Debt, as applicable. 
 “Unrestricted
Subsidiary” means any Subsidiary (other than Valeant) of the Company that is designated by the Board of Directors of the Company as an Unrestricted Subsidiary pursuant to a resolution of the Board of Directors of the Company, but only to
the extent that such Subsidiary: 
 (1)    has no Indebtedness other than
Non-Recourse Debt; 
 (2)    is not party to any agreement,
contract, arrangement or understanding with the Company or any Restricted Subsidiary of the Company unless the terms of any such agreement, contract, arrangement or understanding are not materially less favorable to the Company or such Restricted
Subsidiary, in each case, taken as a whole, than those that might be obtained at the time from Persons who are not Affiliates of the Company; 

(3)    is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries has any
direct or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; and 

  
 -25- 

 (4)    has not Guaranteed or otherwise directly or indirectly
provided credit support for any Indebtedness of the Company or any of its Restricted Subsidiaries. 
 Any designation of a Subsidiary of the
Company as an Unrestricted Subsidiary will be evidenced to the Trustee by filing with the Trustee a certified copy of the resolution of the Board of Directors of the Company giving effect to such designation and an Officers’ Certificate
certifying that such designation complied with the preceding conditions and was permitted by Section 4.8 hereof. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will
thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Company as of such date, and, if such Indebtedness is not
permitted to be incurred as of such date under Section 4.9 hereof, the Company will be in default of such covenant. The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided that such designation will be deemed to be an incurrence of Indebtedness and, if applicable, related Liens by a Restricted Subsidiary of the Company of any outstanding Indebtedness and, if applicable, related Liens of such
Unrestricted Subsidiary and such designation will only be permitted if (1) such Indebtedness and, if applicable, related Liens are permitted under Section 4.9 hereof and, if applicable, Section 4.11 hereof (other than clause
(3) under the definition of “Permitted Liens”), calculated, if applicable, on a pro forma basis as if such designation had occurred at the beginning of the four-quarter reference period; and (2) no Default or Event of Default
would be in existence following such designation. 
 “Valeant” means Valeant Pharmaceuticals International, a Delaware
corporation, and its successors. 
 “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. 
 “Weighted Average Life to Maturity” means, when applied to any
Indebtedness at any date, the number of years obtained by dividing: 
 (1)    the sum of the products
obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by (b) the number of
years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 

(2)    the then outstanding principal amount of such Indebtedness. 

“WURA” means the Winding-Up and Restructuring Act (Canada). 

Section 1.2    Other Definitions. 
  

			
	 TERM
	 	 DEFINED IN
SECTION

	“Acceptable Commitment”	 	4.14(b)
	“Additional Amounts”	 	4.21(a)
	“Affiliate Transaction”	 	4.13(a)
	“Agent Members”	 	2.1(b)
	“Agreed Guarantee Principles”	 	4.15
	“Applicable Collateral Limitations”	 	4.22
	“Asset Sale Offer”	 	4.14(c)/3.14
	“Authorized Agent”	 	11.16
	“Belgian Guarantor”	 	13.7(a)
	“Benefited Party”	 	10.1(b)

  
 -26- 

			
	 TERM
	 	 DEFINED IN
SECTION

	“Change in Tax Law”	 	3.7(e)
	“Change of Control Offer”	 	3.8(b)
	“Change of Control Purchase Date”	 	3.8(b)
	“Change of Control Purchase Notice”	 	3.8(c)
	“Change of Control Purchase Price”	 	3.8(a)
	“Company Notice”	 	3.8(b)
	“Company Order”	 	2.2
	“Corresponding Debt”	 	13.3(b)/13.5(b)
	“Covenant Defeasance”	 	8.3
	“Event of Default”	 	6.1
	“Excess Proceeds”	 	4.14(c)
	“FATCA”	 	4.21(b)(vii)
	“French Security Documents”	 	13.3
	“French Parallel Debt”	 	13.3(a)
	“Foreign Security Agreements”	 	13.2(a)
	“German Parallel Debt”	 	13.5(b)
	“incur”	 	4.9(a)
	“Initial Lien”	 	4.11
	“Judgment Currency”	 	11.17
	“Legal Defeasance”	 	8.2
	“Legal Holiday”	 	11.7
	“Legend”	 	2.12(a)
	“Notes Collateral Agent Claim”	 	13.6(a)(i)
	“Notice of Default”	 	6.1
	“Offer Amount”	 	3.14
	“Offer Period”	 	3.14
	“Parallel Debt Undertaking”	 	13.7(b)
	“Paying Agent”	 	2.3
	“Payment Default”	 	6.1(e)
	“Payor”	 	4.21(a)
	“Permitted Debt”	 	4.9(b)
	“Purchase Date”	 	3.14
	“Registrar”	 	2.3
	“Regulation 803 Reimbursement”	 	4.21(d)
	“Relevant Taxing Jurisdiction”	 	4.21(a)
	“Restricted Payments”	 	4.8(a)
	“Tax”	 	4.21(a)

 Section 1.3    [Reserved]. 

Section 1.4    Rules of Construction. Unless the context otherwise requires: 

(A)    a term has the meaning assigned to it; 

(B)    an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

 (C)    words in the singular include the plural, and words in the plural include the singular; 

(D)    provisions apply to successive events and transactions; 

(E)    the term “merger” includes a statutory share exchange and the term “merged” has
a correlative meaning; 

  
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 (F)    the masculine gender includes the feminine and the
neuter; 
 (G)    references to agreements and other instruments include subsequent amendments thereto;

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

(I)    references to ratings by Moody’s or S&P shall include any successor equivalent ratings if
either Moody’s or S&P changes its ratings scale subsequent to the date of this Indenture; 

(J)    except as otherwise provided for herein, the Notes will be treated as a single class for all
purposes under this Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase; and 

(K)    a reference to a statute includes all regulations made pursuant to such statute and, unless
otherwise specified, the provisions of any statute or regulation which amends, revises, restates, supplements or supersedes any such statute or any such regulation. 

ARTICLE 2 
 THE SECURITIES 

Section 2.1    Form and Dating. The Notes and the Trustee’s certificate of authentication with respect
thereto shall be substantially in the form set forth in Exhibit A, which are incorporated in and made part of this Indenture. The Notes may have notations, legends or endorsements required by law, stock exchange rule or
usage. The Company shall provide any such notations, legends or endorsements to the Trustee in writing. The Notes shall be in a minimum denomination of $2,000 and integral multiples of $1,000 in excess thereof. Each Note shall be dated the date of
its authentication. The Notes are being offered and sold by the Company in transactions exempt from, or not subject to, the registration requirements of the Securities Act. 

(a)    Restricted Global Notes. All of the Notes are initially being offered and sold to
(i) qualified institutional buyers as defined in Rule 144A in reliance on Rule 144A under the Securities Act or (ii) outside the United States to persons other than U.S. persons in reliance upon Regulation S under the Securities Act, and
shall be issued initially in the form of one or more 144A Global Notes and Regulation S Global Notes, respectively, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for the
depositary, DTC, and registered in the name of its nominee, Cede & Co., duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of the Restricted Global Notes may from time to
time be increased or decreased by adjustments made on the records of the Notes Custodian as hereinafter provided, subject in each case to compliance with the Applicable Procedures. 

(b)    Form of Notes. Notes issued in global form shall be substantially in the form of
Exhibit A (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Definitive Notes shall be substantially in the form of
Exhibit A attached hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note shall represent such of the
outstanding Notes as shall be specified therein and each shall provide that it shall represent 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 shall be made by the Trustee or the Notes Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.12 hereof and shall be made on the
records of the Trustee and the Depositary. 

  
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 Members of, or participants in, the Depositary (“Agent Members”)
shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary or under the Global Note, and the Depositary (including, for this purpose, its nominee) may be treated by the Company, the Trustee and
any agent of the Company or the Trustee as the absolute owner and Holder of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall (A) prevent the Company, the Trustee or any agent of the Company or
the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or (B) impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of
the rights of a Holder of any Note. 
 (c)    Additional Notes. Subject to compliance with the
provisions of Sections 4.9 and 4.11 hereof, the Company may issue Additional Notes in an unlimited amount under this Indenture. 

(d)    Regulation S Global Notes. Global Notes offered and sold in reliance on Regulation S shall
initially be represented by one or more Regulation S Global Notes, substantially in the form of Exhibit A with such applicable legends as are provided in Exhibit A. The Regulation S Global Notes
will be deposited, upon issuance, on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for the Depositary and registered in the name of the Depositary or the nominee of the Depositary, duly executed by the
Company and authenticated by the Trustee as hereinafter provided. 
 The aggregate principal amount of the Regulation S
Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as the case may be, in connection with transfers of interest as hereinafter provided. 

(e)    Book Entry Provisions. The Company shall execute and the Trustee shall, in accordance with
this Section 2.1(e), authenticate and deliver initially one or more Global Notes that (i) shall be registered in the name of the applicable Depositary or its nominee, (ii) shall be delivered by the Trustee to the applicable Depositary
or pursuant to the applicable Depositary’s instructions and (iii) shall bear legends substantially in the form of the first paragraph of Exhibit A attached hereto. 

Section 2.2    Execution and Authentication. An Officer of the Company shall sign the Notes for the Company by
manual or facsimile signature. Typographic and other minor errors or defects in any such facsimile signature shall not affect the validity or enforceability of any Note which has been authenticated and delivered by the Trustee. 

If an Officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note shall be valid
nevertheless. 
 A Note shall not be valid until an authorized signatory of the Trustee manually signs the certificate of authentication on
the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 
 The Trustee shall
authenticate and make available for delivery the Notes for original issue in an initial aggregate principal amount of $1,000,000,000 and Additional Notes as contemplated by Section 2.1(c) hereof, upon receipt of a written order of the Company
signed by an Officer of the Company (a “Company Order”). The Company Order shall specify the amount of Notes to be authenticated and shall provide that all such Notes will be represented by a Restricted Global Note and the date on
which such issue of Notes is to be authenticated. The aggregate principal amount of Notes outstanding at any time may not exceed the applicable amounts in the foregoing sentence, except as provided in Sections 2.1(c), 2.1(d) and 2.7 hereof. 

The Trustee shall act as the initial authenticating agent. Thereafter, 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 Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent shall have
the same rights as an Agent to deal with the Company or an Affiliate of the Company. 

  
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 The Notes shall be issuable only in registered form without coupons and only in minimum
denominations of $2,000 principal amount and integral multiples of $1,000 in excess thereof. 

Section 2.3    Registrar and Paying Agent. The Company shall maintain one or more offices or agencies where
Notes may be presented for registration of transfer or for exchange (each, a “Registrar”), one or more offices or agencies where Notes may be presented for payment (each, a “Paying Agent”) and one or more offices or
agencies where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company will at all times maintain a Paying Agent, Registrar and an office or agency where notices and demands to or upon the
Company in respect of the Notes and this Indenture may be served in the Borough of Manhattan in the City of New York. 
 The Company shall
enter into an appropriate agency agreement with any Agent not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee of the name and address of any
Agent not a party to this Indenture. If the Company fails to maintain a Registrar, Paying Agent or agent for service of notices and demands in any place required by this Indenture, or fail to give the foregoing notice, the Trustee shall act as such.
The Company or any Affiliate of the Company may act as Paying Agent (except for the purposes of Section 4.1 and Article 8). 
 The
Company hereby initially designates the Trustee as Paying Agent, Registrar and Notes Custodian, and the office or agency of the Trustee in the Borough of Manhattan, The City of New York (which shall initially be the office located at 101 Barclay
Street, New York, NY 10286) as one such office or agency of the Company for each of the aforesaid purposes. 
 The Company may change
the Paying Agents or Registrar in its sole discretion without prior notice to the Holders. 

Section 2.4    Paying Agent to Hold Money in Trust. Prior to 11:00 a.m., New York City time, on each due date
of the principal of or interest on any Notes, the Company shall deposit with a Paying Agent a sum sufficient to pay such principal or interest, if any, so becoming due. A Paying Agent shall hold in trust for the benefit of Noteholders or the Trustee
all money held by the Paying Agent for the payment of principal of or interest on the Notes, and shall notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. If the Company or an Affiliate of
the Company acts as Paying Agent, the Company or such Affiliate shall, before 11:00 a.m., New York City time, on each due date of the principal of or interest on any Notes, segregate the money and hold it as a separate trust fund. The Company at any
time may require a Paying Agent to pay all money held by it to the Trustee, and the Trustee may at any time during the continuance of any Default, upon written request to a Paying Agent, require such Paying Agent to pay forthwith to the Trustee all
sums so held in trust by such Paying Agent. Upon doing so, the Paying Agent (other than the Company) shall have no further liability for the money. For the avoidance of doubt, in no event shall any Paying Agent (unless the Company or an Affiliate of
the Company is acting as Paying Agent) be required to advance funds for any payment on the Notes hereunder or to make any such payment until the Paying Agent has actually received such funds from the Company. 

Section 2.5    Noteholder Lists. The Trustee shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of Noteholders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee on or 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 Noteholders. 

Section 2.6    Transfer and Exchange. 

(a)    Subject to compliance with any applicable additional requirements contained in Section 2.12 hereof, when a Note
is presented to a Registrar with a request to register a transfer thereof or to exchange such Note for an equal principal amount of Notes of other authorized denominations, the Registrar shall register the transfer or make the exchange as requested;
provided, however, that every Note presented or surrendered for registration of transfer or exchange shall be duly endorsed or accompanied by an assignment form and, if applicable, a transfer certificate in the form(s) included in
Exhibit A and Exhibit C, as applicable, and in form satisfactory to the 

  
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Registrar, duly executed by the Holder thereof or its attorney duly authorized in writing. To permit registration of transfers and exchanges, upon surrender of any Note for registration of
transfer or exchange at an office or agency maintained pursuant to Section 2.3 hereof, the Company shall execute and the Trustee shall authenticate Notes of a like aggregate principal amount at the Registrar’s request. Any exchange or
transfer shall be without charge, except that the Company or the Registrar may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto, and provided, that this sentence shall
not apply to any exchange pursuant to Section 2.10, 2.12(a), 3.6, 3.11 or 9.5 hereof. 
 Neither the Company, any Registrar nor the
Trustee shall be required to exchange or register a transfer of any Notes or portions thereof in respect of which a Change of Control Purchase Notice or a notice in connection with an Asset Sale Offer has been delivered and not withdrawn by the
Holder thereof (except, in the case of the purchase of a Note in part, the portion thereof not to be purchased). 
 All Notes issued upon
any transfer or exchange of Notes shall be valid obligations of the Company, evidencing the same debt and entitled to the same benefits under this Indenture, as the Notes surrendered upon such transfer or exchange. 

(b)    Any Registrar appointed pursuant to Section 2.3 hereof shall provide to the Trustee such information as the
Trustee may reasonably require in connection with the delivery by such Registrar of Notes upon transfer or exchange of Notes. 

(c)    Each Holder of a Note agrees to indemnify the Company and the Trustee against any liability that may result from
the transfer, exchange or assignment of such Holder’s Note in violation of any provision of this Indenture and/or applicable United States federal, state, Canadian federal, provincial or territorial securities law. 

Section 2.7    Replacement Notes. If any mutilated Note is surrendered to the Company, a Registrar or the
Trustee, or the Company, a Registrar and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Note, and there is delivered to the Company, the applicable Registrar and the Trustee such security or indemnity as
will be required by them to save each of them harmless, then, in the absence of notice to the Company, such Registrar or the Trustee that such Note has been acquired by a bona fide purchaser, the Company shall execute, and upon its written request
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. 

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

Upon the issuance of any new Notes under this Section 2.7, 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 reasonable expenses (including the reasonable fees and expenses of the Trustee or the Registrar) in connection therewith. 

Every new Note issued pursuant to this Section 2.7 in lieu of any mutilated, destroyed, lost or stolen Note shall constitute an original
additional contractual obligation of the Company, whether or not the mutilated, destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all benefits of this Indenture equally and proportionately with any
and all other Notes duly issued hereunder. 
 The provisions of this Section 2.7 are (to the extent lawful) exclusive and shall
preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

Section 2.8    Outstanding Notes. Notes outstanding at any time are all Notes authenticated by the Trustee,
except for those canceled by it, those delivered to it for cancellation or surrendered for transfer or exchange and those described in this Section 2.8 as not outstanding. 

  
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 If a Note is replaced pursuant to Section 2.7 hereof, it ceases to be outstanding unless the
Company receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser. 
 If a Paying Agent (other than the
Company or an Affiliate of the Company) holds on a Redemption Date, Change of Control Purchase Date or the Final Maturity Date money sufficient to pay the principal of (including premium, if any) and interest on Notes (or portions thereof) payable
on that date, then on and after such Redemption Date, Change of Control Purchase Date or the Final Maturity Date, as the case may be, such Notes (or portions thereof, as the case may be) shall cease to be outstanding and interest on them shall cease
to accrue. 
 Subject to the restrictions contained in Section 2.9 hereof, a Note does not cease to be outstanding because the Company
or an Affiliate of the Company holds the Note. 
 Section 2.9    Treasury Notes. In determining whether the
Holders of the required principal amount of Notes have concurred in any notice, direction, waiver or consent, Notes owned by the Company or any other obligor on the Notes or by any Affiliate of the Company or of such other obligor shall be
disregarded, except that, for purposes of determining whether the Trustee shall be protected in relying on any such notice, direction, waiver or consent, only Notes which a Trust Officer of the Trustee actually knows are so owned shall be so
disregarded. Notes so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to the Notes and that the pledgee is neither the
Company nor any other obligor on the Notes or any Affiliate of the Company or of such other obligor. 

Section 2.10    Temporary Notes. Until Definitive Notes are ready for delivery, the Company may prepare and
execute, and, upon receipt of a Company Order, the Trustee shall authenticate and deliver, temporary Notes. Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Company with the consent of the
Trustee considers appropriate for temporary Notes. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate and deliver Definitive Notes in exchange for temporary Notes. 

Section 2.11    Cancellation. The Company at any time may deliver Notes to the Trustee for cancellation. The
Registrar and the Paying Agent shall forward to the Trustee or its agent any Notes surrendered to them for transfer, exchange, payment or conversion. The Trustee and no one else shall cancel, in accordance with its standard procedures, all Notes
surrendered for transfer, exchange, payment, conversion or cancellation and shall deliver the canceled Notes to the Company. All Notes which are purchased or otherwise acquired by the Company or any of its Subsidiaries prior to the Final Maturity
Date of such Notes may be delivered to the Trustee for cancellation or resold. The Company may not hold or resell such Notes or issue any new Notes to replace any Notes delivered for cancellation 

Section 2.12    Legend; Additional Transfer and Exchange Requirements. 

(a)    If Notes are issued upon the transfer, exchange or replacement of Notes subject to restrictions on transfer and
bearing the legends set forth on the form of Notes attached hereto as Exhibit A (collectively, the “Legend”), or if a request is made to remove the Legend on a Note, the Notes so issued shall bear the
Legend, or the Legend shall not be removed, as the case may be, unless there is delivered to the Company such satisfactory evidence, which shall include an opinion of counsel if requested by the Company, as may be reasonably required by the Company,
that neither the Legend nor the restrictions on transfer set forth therein are required to ensure that transfers thereof comply with the provisions of Rule 144 under the Securities Act or that such Notes are not “restricted” within the
meaning of Rule 144 under the Securities Act; provided that no such evidence need be supplied in connection with the sale of such Note pursuant to a registration statement that is effective at the time of such sale. Upon (i) provision of
satisfactory evidence if requested, or (ii) notification by the Company to the Trustee and Registrar of the sale of such Note pursuant to a registration statement that is effective at the time of such sale, the Trustee, at the written direction
of the Company, shall authenticate and deliver a Note that does not bear the Legend. If the Legend is removed from the face of a Note and the Note is subsequently held by an Affiliate of the Company, the Legend shall be reinstated. 

(b)    A Global Note may not be transferred, in whole or in part, to any Person other than the Depositary or a nominee or
any successor thereof, and no such transfer to any such other Person may be registered; provided 

  
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that the foregoing shall not prohibit any transfer of a Note that is issued in exchange for a Global Note but is not itself a Global Note; provided further that in no event shall a
beneficial interest in a Regulation S Global Note be transferred to a U.S. Person prior to the receipt by the Registrar of any certificates required pursuant to Regulation S, as determined by the Company. No transfer of a Note to any Person shall be
effective under this Indenture or the Notes unless and until such Note has been registered in the name of such Person. Notwithstanding any other provisions of this Indenture or the Notes, transfers of a Global Note, in whole or in part, shall be
made only in accordance with this Section 2.12. 
 (c)    Subject to the succeeding paragraph, every Note shall be
subject to the restrictions on transfer provided in the Legend. Whenever any Restricted Note is presented or surrendered for registration of transfer or for exchange for a Note registered in a name other than that of the Holder, such Note must be
accompanied by a certificate in substantially the form set forth in Exhibit A dated the date of such surrender and signed by the Holder of such Note, as to compliance with such restrictions on transfer. The Registrar shall
not be required to accept for such registration of transfer or exchange any Note not so accompanied by a properly completed certificate. 

(d)    The restrictions imposed by the Legend upon the transferability of any Note shall cease and terminate when such
Note has been sold pursuant to an effective registration statement under the Securities Act or transferred in compliance with Rule 144 under the Securities Act (or any successor provision thereto) or, if earlier, upon the expiration of the holding
period applicable to sales thereof under Rule 144(d)(1)(ii) under the Securities Act (or any successor provision). Any Note as to which such restrictions on transfer shall have expired in accordance with their terms or shall have terminated may,
upon a surrender of such Note for exchange to the Registrar in accordance with the provisions of this Section 2.12 (accompanied, in the event that such restrictions on transfer have terminated by reason of a transfer in compliance with Rule 144
or any successor provision, by, if requested by the Company or the Registrar, an opinion of counsel reasonably acceptable to the Company and addressed to the Company to the effect that the transfer of such Note has been made in compliance with Rule
144 or such successor provision), be exchanged for a new Note, of like tenor, series and aggregate principal amount, which shall not bear the restrictive Legend. The Company shall inform the Trustee of the effective date of any registration
statement registering any Notes under the Securities Act. The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the aforementioned opinion of counsel or registration statement. 

(e)    As used in this Section 2.12, the term “transfer” encompasses any sale, pledge, transfer,
hypothecation or other disposition of any Note. 
 (f)    The provisions of clauses (iii), (iv) and (v) below shall
apply only to Global Notes: 
 (i)    Notwithstanding any other provisions of this Indenture or the
Notes, a Global Note shall not be exchanged in whole or in part for a Note registered in the name of any Person other than the Depositary or one or more nominees thereof, provided that a Global Note may be exchanged for Notes registered in
the names of any person designated by the Depositary in the event that (A) the Depositary has notified the obligors that it is unwilling or unable to continue as Depositary for such Global Note and the Company fails to appoint a successor
Depositary or (B) an Event of Default has occurred and is continuing with respect to the Notes. Any Global Note exchanged pursuant to clause (A) above shall be so exchanged in whole and not in part, and any Global Note exchanged pursuant
to clause (B) above may be exchanged in whole or from time to time in part as directed by the applicable Depositary. Any Note issued in exchange for a Global Note or any portion thereof shall be a Global Note; provided that any such Note
so issued that is registered in the name of a Person other than the applicable Depositary or a nominee thereof shall not be a Global Note. 

(ii)    Notes issued in exchange for a Global Note or any portion thereof shall be issued in definitive,
fully registered form, without interest coupons, shall have an aggregate principal amount equal to that of such Global Note or portion thereof to be so exchanged, shall be registered in such names and shall be in such authorized denominations as the
Depositary shall designate and shall bear the applicable legends provided for herein. Any Global Note to be exchanged in whole shall be surrendered by the Depositary to the Trustee, as Registrar. With regard to any Global Note to be exchanged in
part, either such Global Note shall be so surrendered for exchange or, if the Trustee is acting as custodian for the 

  
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Depositary or its nominee with respect to such Global Note, the principal amount thereof shall be reduced, by an amount equal to the portion thereof to be so exchanged, by means of an appropriate
adjustment made on the records of the Trustee. Upon any such surrender or adjustment, the Trustee shall authenticate and deliver Notes issuable on such exchange to or upon the order of the Depositary or an authorized representative thereof. 

(iii)    Subject to the provisions of clause (v) below, the registered Holder may grant proxies and
otherwise authorize any Person, including Agent Members and persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes. 

(iv)    In the event of the occurrence of any of the events specified in clause (i) above, the
obligors will promptly make available to the Trustee a reasonable supply of applicable Definitive Notes in definitive, fully registered form, without interest coupons. 

(v)    Neither Agent Members nor any other Persons on whose behalf Agent Members may act shall have any
rights under this Indenture with respect to any Global Note registered in the name of the Depositary or any nominee thereof, or under any such Global Note, and the Depositary or such nominee, as the case may be, may be treated by the Company, the
Trustee and any agent of the Company or the Trustee as the absolute owner and holder of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or
the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other Person on whose behalf
an Agent Member may act, the operation of customary practices of such Persons governing the exercise of the rights of a holder of any Note. 

(vi)    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 Agent Members or beneficial owners in any Global Note) other than to
require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so as and when expressly required by, the terms or this Indenture, and to examine the same to determine substantial compliance as to
form with the express requirements hereof. 
 (g)    Euroclear and Clearstream Procedures Applicable. The
provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the equivalent procedures of Clearstream shall be applicable to transfers of beneficial interests in
Global Notes that are held by Participants through Euroclear or Clearstream. 
 Section 2.13    CUSIP, Common
Code and ISIN Numbers. The Company in issuing the Notes may use one or more “CUSIP” and “ISIN” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” and “ISIN” numbers in notices of
purchase 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 purchase and that reliance
may be placed only on the other identification numbers printed on the Notes, and any such purchase shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee of any change in the
“CUSIP” and “ISIN” numbers applicable to the Notes. 
 ARTICLE 3 

REDEMPTION AND PURCHASES 

Section 3.1    Right to Redeem. The Company, at its option, may redeem the Notes in accordance with the
provisions of Section 3.7 and 3.8(g) hereof. 
 If the Company elects to redeem the Notes, it shall notify the Trustee at least 45 days
prior to the Redemption Date (unless a shorter notice period shall be satisfactory to the Trustee) of the Redemption Date, the aggregate principal amount of the Notes to be redeemed and the Section of this Indenture pursuant to which such Notes are
being redeemed. 

  
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 Section 3.2    Selection of Notes to Be Redeemed. The Company
will give not less than 30 days’ nor more than 60 days’ notice of any redemption. If the Company elects to redeem less than all of the outstanding Notes, the Notes will be selected for redemption as follows: 

(i)    in accordance with the procedures of The Depository Trust Company and in compliance with the
requirements of the applicable stock exchange to the extent the Notes are held in the form of Global Notes; or 

(ii)    on a pro rata basis, by lot or by such method as the Trustee deems fair and appropriate to
the extent the Notes are held in the form of Definitive Notes. 
 In the event of a partial redemption by lot, the particular Notes to be
redeemed will be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior to the Redemption Date from the outstanding Notes not previously called for redemption. 

The Notes and portions of the Notes selected for redemption will be in amounts of $2,000 or whole multiples of $1,000 except that if all of
the Notes of a Holder are to be redeemed, the entire outstanding amount of Notes held by such Holder, even if not a multiple of $1,000, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes
called for redemption also apply to portions of Notes called for redemption. 
 Section 3.3    Notice of
Redemption. At least 30 days but not more than 60 days before a Redemption Date, the Company shall mail, or shall cause to be mailed, a notice of redemption by first-class mail, postage prepaid, (or otherwise transmit in accordance with
applicable procedures of DTC) to the Trustee and to each Holder of Notes to be redeemed. 
 The notice shall identify the Notes to be
redeemed and shall state: 
  

	 	•	 	the aggregate principal amount of the Notes to be redeemed; 

  

	 	•	 	the Redemption Date (which shall be a Business Day); 

  

	 	•	 	the redemption price; 

  

	 	•	 	the name and address of the Paying Agent; 

  

	 	•	 	that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

  

	 	•	 	if fewer than all the outstanding Notes are to be redeemed, the certificate numbers, if any, and principal amounts of the particular Notes to be redeemed; 

 

	 	•	 	that, unless the Company defaults in the deposit of the redemption price, interest on Notes called for redemption will cease to accrue on and after the Redemption Date; 

 

	 	•	 	the Section of this Indenture pursuant to which the Notes are being redeemed; 

  

	 	•	 	the CUSIP numbers of the Notes; and 

  

	 	•	 	any conditions precedent to such redemption. 

  
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 At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at
the Company’s expense, provided that the Company makes such request at least three Business Days prior to the date by which such notice of redemption must be given to Holders in accordance with this Section 3.3. Concurrently with
the giving of any such notice of redemption, the Company shall issue a press release announcing such redemption, the form and content of which shall be determined by the Company. Redemption notices may be given more than 60 days prior to a
Redemption Date if the notice is issued in connection with a defeasance of the Notes pursuant to Sections 8.3 or 8.4 or a satisfaction and discharge of this Indenture with respect to the Notes pursuant to Section 8.1. If a redemption is subject
to satisfaction of one or more conditions precedent, the applicable redemption notice shall describe such condition, and if applicable, shall state that, in the Company’s discretion, the Redemption Date may be delayed until such time as any or
all such conditions shall be satisfied, without the requirement of an additional notice period to the Holders, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been
satisfied by the Redemption Date, or by the Redemption Date as so delayed. The Trustee shall have no responsibility for calculating the Redemption Price. 

Section 3.4    Effect of Notice of Redemption. Once notice of redemption is given and any conditions set forth
therein have been satisfied, Notes called for redemption become due and payable on the Redemption Date and at the redemption price stated in the notice. Upon surrender to the Paying Agent, such Notes shall be paid at the redemption price stated in
the notice. 
 On and after the Redemption Date, unless the Company defaults in the deposit of the redemption price and subject to
satisfaction of any conditions precedent, interest will cease to accrue on the Notes or any portion of the Notes called for redemption, and all other rights of the Holder will terminate other than the right to receive the redemption price, without
interest from the Redemption Date, on surrender of the Notes. 
 Section 3.5    Deposit of Redemption Price.
Prior to 11:00 a.m. (New York City time) on the Redemption Date, the Company shall deposit with the Paying Agent (or the Trustee) money sufficient to pay the redemption price (as calculated by the Company) on all Notes to be redeemed on that date.

 Section 3.6    Notes Redeemed in Part. Upon surrender of a Note that is redeemed in part, the Company
shall execute and the Trustee shall authenticate and deliver to the Holder, without service charge, a new Note in an authorized denomination equal in principal amount to, and in exchange for, the unredeemed portion of the Note surrendered. 

Section 3.7    Optional Redemption. 

(a)    At any time prior to November 1, 2020, the Company may on any one or more occasions redeem up to 40% of the
aggregate principal amount of the Notes (including Notes issued after the Issue Date, if any) issued under this Indenture at a redemption price of 105.500% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the
redemption date, with the net cash proceeds of one or more Equity Offerings; provided that: 

(1)    at least 60% of the aggregate principal amount of the Notes (including Notes issued after the Issue
Date, if any) issued under this Indenture remains outstanding immediately after the occurrence of such redemption (excluding the Notes held by the Company and its Subsidiaries); and 

(2)    the redemption occurs within 180 days of the date of the closing of such Equity Offering. 

(b)    On or after November 1, 2020, the Company may redeem all or a part of the Notes upon not less than 30 nor more
than 60 days’ notice, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest on the Notes redeemed, to, but not including, the applicable redemption date, if redeemed during
the twelve-month period beginning on November 1 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2020
	  	 	102.750	% 
	 2021
	  	 	101.375	% 
	 2022 and thereafter
	  	 	100.000	% 

  
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 (c)    In addition, at any time prior to November 1, 2020, the Company
may redeem the Notes, in whole or in part, at a redemption price equal to the principal amount of the Notes redeemed plus the Applicable Premium plus accrued and unpaid interest to, but not including, the date of redemption. The Company shall
calculate the redemption price, including any Applicable Premium. 
 (d)    In connection with any optional redemption
of the Notes, any such redemption may, at the Company’s discretion, be subject to one or more conditions precedent. If a redemption is subject to satisfaction of one or more conditions precedent, the applicable redemption notice shall describe
such condition, and if applicable, shall state that, in the Company’s discretion, the redemption date may be delayed until such time as any or all such conditions shall be satisfied, without the requirement of an additional notice period to the
Holders, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date as so delayed. 

(e)    If the Company or any Note Guarantor becomes obligated to pay, on the next date on which any amount will be payable
with respect to the Notes, any Additional Amounts as a result of (i) any amendment to, or change in, the laws or regulations of a Relevant Taxing Jurisdiction (as defined in Section 4.21 herein), which amendment or change is publicly
announced and becomes effective after October 2, 2017 (or, if the applicable Relevant Taxing Jurisdiction became a Relevant Taxing Jurisdiction on a date after October 2, 2017, after such later date) or (ii) any amendment to, or
change in, an official written interpretation or application of such laws or regulations (including by virtue of a holding by a court of competent jurisdiction) which amendment or change is publicly announced and becomes effective after the
October 2, 2017 (or, if the applicable Relevant Taxing Jurisdiction became a Relevant Taxing Jurisdiction on a date after October 2, 2017, after such later date) (each of the foregoing clauses (i) and (ii), a “Change in Tax
Law”) and the Company or the applicable Note Guarantor cannot avoid any such payment obligation by taking reasonable measures available to it (including making payment through a paying agent located in another jurisdiction, but not
including the substitution of an obligor if the Company would be required to pay Additional Amounts), the Company may, at its option, redeem the Notes then outstanding, in whole but not in part, at a redemption price equal to 100% of the principal
amount thereof, plus accrued and unpaid interest, if any, to, but not including, the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date),
provided, however, that if such right to redeem is triggered by the obligation of a Note Guarantor to pay Additional Amounts, such right to redeem will apply only if the payment giving rise to such obligation cannot be made by the
Company or another Note Guarantor without the obligation to pay Additional Amounts. Notice of the Company’s intent to redeem the Notes shall not be given until the Company delivers to the Trustee an opinion of independent tax counsel to the
effect that there has been such Change in Tax Law which would entitle the Company to redeem the Notes hereunder and an Officers’ Certificate to the effect that the Company or the applicable Note Guarantor cannot avoid its obligation to pay
Additional Amounts by taking reasonable measures available to it. The foregoing provisions shall apply mutatis mutandis to any successor Person to the Company or the applicable Note Guarantor, after such successor Person becomes a party to
this Indenture, with respect to a Change in Tax Law that is publicly announced and becomes effective after such successor Person becomes a party to this Indenture. 

(f)    Any redemption pursuant to this Section 3.7 shall be made pursuant to the provisions of Sections 3.1 through
3.6 hereof. 
 (g)    In connection with any redemption under this Section 3.7, the Company shall deliver to the
Trustee an Officers’ Certificate and Opinion of Counsel to the effect that all conditions precedent in this Indenture to the Redemption have been complied with. 

  
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 Section 3.8    Purchase of Notes at Option of the Holder Upon Change
of Control. 
 (a)    If at any time that Notes remain outstanding there shall occur a Change of Control, the Notes
shall be purchased by the Company at the option of the Holders, as of the Change of Control Purchase Date, at a purchase price equal to 101% of the principal amount of the Notes, together with accrued and unpaid interest, including interest on any
unpaid overdue interest, if any, to, but excluding, the Change of Control Purchase Date (the “Change of Control Purchase Price”), subject to satisfaction by or on behalf of any Holder of the requirements set forth in subsection
(c) of this Section 3.8. 
 (b)    Within 30 days after the occurrence of a Change of Control with respect to
Notes, the Company shall transmit a written notice (“Company Notice”) of the Change of Control to the Trustee and to each Holder of Notes (and to beneficial owners as required by applicable law) pursuant to which the Company shall
make an offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of each Holder’s Notes at the Change of Control Purchase Price. The
notice shall include the form of a Change of Control Purchase Notice to be completed by the Holder, shall describe the transaction or transactions that constitute the Change of Control and shall state: 

(i)    that the Change of Control Offer is being made pursuant to this Section 3.8 and that all Notes
tendered will be accepted for payment; 
 (ii)    the date by which the Change of Control Purchase Notice
pursuant to this Section 3.8 must be given; 
 (iii)    the purchase date, which date shall be no
earlier than 30 days and no later than 60 days after the date the Company Notice is mailed (the “Change of Control Purchase Date”); 

(iv)    the Change of Control Purchase Price; 

(v)    the Holder’s right to require the Company to purchase the Notes; 

(vi)    the name and address of the Paying Agent; 

(vii)    that, unless the Company defaults in making such payment, any Note accepted for payment pursuant
to the Change of Control Offer will cease to accrue interest after the Change of Control Purchase Date; 

(viii)    the procedures that the Holder must follow to exercise rights under this Section 3.8; and

 (ix)    the procedures for withdrawing a Change of Control Purchase Notice, including a form of notice
of withdrawal. 
 If any of the Notes is in the form of a Global Note, then the Company shall modify such notice to the extent necessary to
accord with the procedures of the Depositary applicable to the repurchase of Global Notes. 
 (c)    A Holder may
exercise its rights specified in subsection (a) of this Section 3.8 upon delivery of a written notice (which shall be in substantially the form included in Exhibit A hereto, as applicable, and which may be
delivered by letter, overnight courier, hand delivery, facsimile transmission or in any other written form and, in the case of Global Notes, may be delivered electronically or by other means in accordance with the Depositary’s customary
procedures) of the exercise of such rights (a “Change of Control Purchase Notice”) to any Paying Agent at any time prior to the close of business on the Business Day next preceding the Change of Control Purchase Date. 

The delivery of such Note to any Paying Agent (together with all necessary endorsements) at the office of such Paying Agent shall be a
condition to the receipt by the Holder of the Change of Control Purchase Price therefor. 

  
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 The Company shall purchase from the Holder thereof, pursuant to this Section 3.8, a portion
of a Note if the principal amount of such portion is $2,000 or an integral multiple of $1,000 in excess thereof. Provisions of this Indenture that apply to the purchase of all of a Note pursuant to Sections 3.8 through 3.13 also apply to the
purchase of such portion of such Note. 
 Notwithstanding anything herein to the contrary, any Holder delivering to a Paying Agent the
Change of Control Purchase Notice contemplated by this subsection (c) shall have the right to withdraw such Change of Control Purchase Notice in whole or in a portion thereof that is a principal amount of $2,000 or an integral multiple of
$1,000 in excess thereof at any time prior to the close of business on the Business Day next preceding the Change of Control Purchase Date by delivery of a written notice of withdrawal to the Paying Agent in accordance with Section 3.9 hereof.

 A Paying Agent shall promptly notify the Company of the receipt by it of any Change of Control Purchase Notice or written withdrawal
thereof. 
 Anything herein to the contrary notwithstanding, in the case of Global Notes, any Change of Control Purchase Notice may be
delivered or withdrawn and such Notes may be surrendered or delivered for purchase in accordance with the Applicable Procedures as in effect from time to time. 

(d)    The Company will not be required to make a Change of Control Offer upon a Change of Control with respect to the
Notes if (1) a third party makes the Change of Control Offer with respect to the Notes in the manner, at the times and otherwise in compliance with the requirements applicable to a Change of Control Offer made by the Company set forth in
subsection (b) of this Section 3.8 and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer, (2) notice of redemption with respect to the Notes has been given pursuant to Section 3.1 or 3.7
hereof, unless and until there is a default in payment of the applicable redemption price, or (3) after giving effect to such Change of Control, (i) no Default or Event of Default has occurred and is continuing, (ii) the Change of
Control transaction has been approved by the Board of Directors of the Company, and (iii) the Notes have received an Investment Grade Rating. In addition, a Change of Control Offer may be made in advance of a Change of Control, conditional upon
such Change of Control, if a definitive agreement is in place for the Change of Control at the time of launching the Change of Control Offer. 

(e)    The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after
the Change of Control Purchase Date. 
 (f)    The provisions under this Indenture relative to the Company’s
obligation to make an offer to repurchase the Notes as a result of a Change of Control (including any required notice period) may be waived or modified with respect to the Notes with the written consent of the Holders of a majority in principal
amount of the Notes, including after the entry into an agreement that would result in the need to make a Change of Control Offer. 

(g)    In the event that Holders of not less than 90% in aggregate principal amount of the outstanding Notes validly
tender and do not withdraw such Notes in a Change of Control Offer and the Company purchases all of the Notes validly tendered and not withdrawn by such Holders, within 60 days of such purchase, the Company will have the right, upon not less than 30
days’ nor more than 60 days’ prior notice, to redeem all of the Notes that remain outstanding following such purchase at a redemption price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest on the Notes
to, but excluding, the date of redemption. Any redemption pursuant to this Section 3.8(g) shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof. 

Section 3.9    Effect of Change of Control Purchase Notice. Upon receipt by any Paying Agent of the Change of
Control Purchase Notice specified in Section 3.8(c) hereof, the Holder of the Note in respect of which such change of Control Purchase Notice was given shall (unless such Change of Control Purchase Notice is withdrawn as specified below)
thereafter be entitled to receive the Change of Control Purchase Price with respect to such Note. Such Change of Control Purchase Price shall be paid to such Holder promptly following the later of (a) the Change of Control Purchase Date with
respect to such Note (provided the conditions in Section 3.8(c) hereof have been satisfied) and (b) the time of delivery of such Note to a Paying Agent by the Holder thereof in the manner required by Section 3.8(c) hereof. 

  
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 A Change of Control Purchase Notice may be withdrawn by means of a written notice (which may be
delivered by mail, overnight courier, hand delivery, facsimile transmission or in any other written form and, in the case of Global Notes, may be delivered electronically or by other means in accordance with the Depositary’s customary
procedures) of withdrawal delivered by the Holder to a Paying Agent at any time prior to the close of business on the Business Day immediately preceding the Change of Control Purchase Date, specifying the principal amount of the Note or portion
thereof (which must be a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof) with respect to which such notice of withdrawal is being submitted. 

Section 3.10    Deposit of Change of Control Purchase Price. On or before 11:00 a.m., New York City time on
the Change of Control Purchase Date, the Company shall deposit with the Trustee or with a Paying Agent (other than the Company or an Affiliate of the Company) an amount of money (in immediately available funds if deposited on such Change of Control
Purchase Date) sufficient to pay the aggregate Change of Control Purchase Price of all the Notes or portions thereof that are to be purchased as of such Change of Control Purchase Date. The manner in which the deposit required by this
Section 3.10 is made by the Company shall be at the option of the Company, provided that such deposit shall be made in a manner such that the Trustee or a Paying Agent shall have immediately available funds on the Change of Control
Purchase Date. 
 If a Paying Agent holds, in accordance with the terms hereof, money sufficient to pay the Change of Control Purchase Price
of any Note for which a Change of Control Purchase Notice has been tendered and not withdrawn in accordance with this Indenture then, on the Change of Control Purchase Date, interest will cease to accrue on such Notes or any portion of such Notes as
to which a Change of Control Purchase Notice has been tendered and not withdrawn in accordance with this Indenture and all other rights of the Holder of such Notes will terminate other than the right to receive the Change of Control Purchase Price,
without interest from the Change of Control Purchase Date, on surrender of such Notes. 
 Section 3.11    Notes
Purchased in Part. Any Note that is to be purchased only in part shall be surrendered at the office of a Paying Agent, and promptly after the Change of Control Purchase Date 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 such authorized denomination or denominations as may be requested by such Holder, in aggregate principal amount equal to, and in exchange for, the portion of the
principal amount of the Note so surrendered that is not purchased. 
 Section 3.12    Compliance with Securities
Laws upon Purchase of Notes. In connection with any offer to purchase or purchase of Notes under Section 3.8 hereof, the Company shall (a) comply with Rule 14e-1 (or any successor to such Rule),
if applicable, under the Exchange Act, and (b) otherwise comply with all United States federal and state securities laws and Canadian federal, provincial and territorial securities laws in connection with such offer to purchase or purchase of
Notes, all so as to permit the rights of the Holders and obligations of the Company under Sections 3.8 through 3.11 hereof to be exercised in the time and in the manner specified therein. To the extent that the provisions of any securities laws or
regulations conflict with the Change of Control provisions of this Article 3, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Article 3 by virtue of such
conflict. 
 Section 3.13    Repayment to the Company. To the extent that the aggregate amount of cash
deposited by the Company pursuant to Section 3.10 with respect to any Notes hereof exceeds the aggregate Change of Control Purchase Price (including interest thereon) of the Notes or portions thereof that the Company is obligated to purchase,
then promptly after the Change of Control Purchase Date, and upon request, the Trustee or a Paying Agent, as the case may be, shall return any such excess cash to the Company. 

Section 3.14    Offer to Purchase by Application of Excess Proceeds. In the event that, pursuant to
Section 4.14 hereof, the Company is required to commence an offer to all Holders to purchase Notes (“Asset Sale Offer”), it shall follow the procedures specified below. 

The Asset Sale Offer shall be made to all Holders of Notes and all holders of other Pari Passu Indebtedness containing provisions similar to
those set forth in this Indenture with respect to offers to purchase or redeem with the proceeds of sales of assets. The Asset Sale Offer shall remain open for a period of at least 20 Business Days following its commencement and not more than 30
Business Days, except to the extent that a longer period is 

  
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required by applicable law (the “Offer Period”). No later than three Business Days after the termination of the Offer Period (the “Purchase Date”), the Company
shall apply a portion of the Excess Proceeds as calculated pursuant to Section 4.14 hereof (the “Offer Amount”) to the purchase of Notes and such other Pari Passu Indebtedness (on a pro rata basis, if applicable) or, if less
than the Offer Amount has been tendered, all of such Notes and other Pari Passu Indebtedness tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. 

Upon the commencement of an Asset Sale Offer, the Company shall send, by first-class mail, a notice to the Trustee and each of the applicable
Holders. The notice will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The notice, which will govern the terms of the Asset Sale Offer, will state: 

(1)    that the Asset Sale Offer is being made pursuant to this Section 3.14 and Section 4.14
hereof and the length of time the Asset Sale Offer will remain open; 
 (2)    the Offer Amount, the
purchase price and the Purchase Date; 
 (3)    that with respect to any Notes, any Note not tendered or
accepted for payment will continue to accrue interest; 
 (4)    that, unless the Company defaults in
making such payment, any Note accepted for payment pursuant to the Asset Sale Offer shall cease to accrue interest after the Purchase Date; 

(5)    that, with respect to any of Notes, Holders electing to have a Note purchased pursuant to an Asset
Sale Offer may elect to have such Notes purchased in a principal amount of $2,000 (or in integral multiples of $1,000 in excess thereof) only; 

(6)    that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to
surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer by book-entry transfer, to the Company, the Depositary, if appointed by the Company, or a Paying Agent at the
address specified in the notice at least three days before the Purchase Date; 
 (7)    that Holders
shall be entitled to withdraw their election if the Company or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a facsimile transmission or letter setting forth the name of the Holder, the principal
amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 

(8)    that, if the aggregate principal amount of any Notes and other Pari Passu Indebtedness surrendered
in connection with the Asset Sale Offer exceeds the Offer Amount, the Company shall select Notes and other Pari Passu Indebtedness to be purchased on a pro rata basis based on the principal amount of Notes and such other Pari Passu Indebtedness
surrendered (with such adjustments as may be deemed appropriate by the Company so that only such Notes in denominations of $2,000 (or integral multiples of $1,000 in excess thereof), will be purchased); and 

(9)    that Holders of any Notes whose Notes were purchased only in part will be issued new Notes equal in
principal amount to the unpurchased portion of such Notes surrendered (or transferred by book-entry transfer). 
 On or before the Purchase
Date, the Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of the applicable Notes or portions thereof tendered pursuant to the Asset Sale Offer, or if less than the Offer Amount
has been tendered, all such Notes tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this Section 3.14.
The Company, the Depositary or the Paying Agent, as 

  
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the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of Notes tendered
by such Holder and accepted by the Company for purchase, and the Company shall promptly issue a new Note, and the Trustee, upon written request from the Company, shall authenticate and mail or deliver such new Note to such Holder, in a principal
amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. The Company shall publicly announce the results of the Asset Sale Offer on or as
soon as practicable after the Purchase Date. 
 Other than as specifically provided in this Section 3.14, any purchase pursuant to this
Section 3.14 shall be made pursuant to the provisions of Sections 3.1 through 3.6 hereof. 
 ARTICLE 4 

COVENANTS 

Section 4.1    Payment of Notes. The Company shall promptly make all payments in respect of the Notes on the
dates and in the manner provided in the Notes and this Indenture. An installment of principal or interest shall be considered paid on the date it is due if the Paying Agent (other than the Company) holds by 11:00 a.m., New York City time, on that
date money, deposited by the Company or an Affiliate thereof, sufficient to pay the installment. Except in the case of a redemption, a Change of Control Offer or an Asset Sale Offer, accrued and unpaid interest on any Note that is payable, and is
punctually paid or duly provided for, on any interest payment date shall be paid to the Person in whose name that Note is registered at the close of business on the record date for such interest at the office or agency of the Company maintained for
such purpose. The Company shall (in immediately available funds), to the fullest extent permitted by law, pay interest on overdue principal (including premium, if any) and overdue installments of interest from the original due date to the date paid,
at the rate applicable to the Note, which interest shall be payable on demand. 
 The Company will make payments in respect of the Notes
represented by the Global Notes (including principal, premium, if any, and interest) by wire transfer of immediately available funds to the accounts specified by the Holder of the Global Note. The Company will make all payments of principal,
interest and premium, if any, with respect to Definitive Notes by wire transfer of immediately available funds to the accounts specified by the Holders of the Definitive Notes, in the case of a Holder holding an aggregate principal amount of Notes
of $1,000,000 or more, or, if no such account is specified or in the case of a Holder holding an aggregate principal amount of Notes of less than $1,000,000, by mailing a check to each such Holder’s registered address. All payments shall be
made in immediately available funds in U.S. dollars. Payments to any Holder holding an aggregate principal amount of Notes in excess of $1,000,000 shall be made by wire transfer in immediately available funds to an account maintained by such Holder
in the United States, if such Holder has provided wire transfer instructions to the Company at least 10 Business Days prior to the payment date. Any wire transfer instructions received by the Trustee will remain in effect until revoked by the
Holder. 
 Section 4.2    Maintenance of Office or Agency. 

(a)    The Company shall maintain in the Borough of Manhattan, The City of New York, an office or agency (which may be an
office of the Trustee or an affiliate of the Trustee, Registrar or co registrar) where Notes may be surrendered for payment, registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and
this Indenture may be served. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency
or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

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

  
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 (c)    The Company hereby designates the offices of the Trustee set forth in
Section 2.3 hereof as one such office or agency of the Company. 
 Section 4.3    Reports. 

(a)    Whether or not required by the SEC’s rules and regulations, so long as any Notes are outstanding, the Company
shall furnish (to the extent not publicly available on the SEC’s EDGAR system) to the Trustee and the Holders of Notes and post on the Company’s website (in a format that is accessible to Holders of Notes as well as prospective Holders of
Notes), within the time periods specified in the SEC’s rules and regulations: 
 (i)    all
quarterly and annual reports that would be required to be filed with the SEC on Forms 10-Q and 10-K if the Company were required to file such reports; and 

(ii)    all current reports that would be required to be filed with the SEC on Form 8-K if the Company were required to file such reports. 
 All such reports shall be prepared in all
material respects in accordance with all of the rules and regulations applicable to such reports (other than consolidating financial information required by Rule 3-10 or
3-16 of Regulation S-X or any comparable provision so long as the Company complies with Section 4.3(d)). Each annual report on Form
10-K shall include a report on the Company’s consolidated financial statements by the Company’s independent registered public accountants. In addition, the Company shall file a copy of each of the
reports referred to in clauses (i) and (ii) above with the SEC for public availability within the time periods specified in the rules and regulations applicable to such reports (unless the SEC will not accept such a filing or the Company is no
longer subject to the periodic reporting requirements of the Exchange Act for any reason) and make such information available to securities analysts and prospective investors upon request. 

(b)    If, at any time, the Company is no longer subject to the periodic reporting requirements of the Exchange Act for
any reason, and regardless of whether it continues to file reports with the SEC, the Company shall nevertheless continue making the reports specified in Section 4.3(a) hereof available to the Holders of the Notes, prospective investors and
securities analysts by posting such information on its website. While the Company remains subject to the periodic reporting requirements of the Exchange Act, the Company agrees that it shall not take any action for the purpose of causing the SEC not
to accept any such filings. If, notwithstanding the foregoing, the SEC will not accept the Company’s filings for any reason, the Company shall post the reports referred to in Section 4.3(a) hereof on its website within the time periods
that would apply if the Company were required to file those reports with the SEC. 
 (c)    The Company further agrees
that, for so long as any Notes remain outstanding, at any time it is not required to file the reports required by Section 4.3(a) or (b) hereof with the SEC, it shall furnish to the Holders and to securities analysts and prospective
investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 

(d)    The quarterly and annual financial information required by Sections 4.3(a) and (b) hereof shall include a
reasonably detailed presentation, either on the face of the financial statements, in the footnotes of the financial statements or in Management’s Discussion and Analysis of Financial Condition and Results of Operations that discloses the total
assets, liabilities, revenues and income from operations of Subsidiaries of the Company that do not Guarantee the Notes. The Trustee shall not be responsible for determining whether this clause 4.3(d) has been satisfied, nor shall it have any
liability in connection therewith. 
 (e)    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). 

  
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 (f)    Notwithstanding anything herein to the contrary, in the event that the
Company fails to comply with its obligation to file or provide such information, documents and reports as required by this Section 4.3, the Company will be deemed to have cured such Default with respect to the Notes for purposes of
Section 6.1(d) upon the filing or provision of all such information, documents and reports required hereunder prior to the expiration of 90 days after written notice to the Company of such failure from the Trustee or the Holders of at least 25%
of the principal amount of the Notes. 
 Section 4.4    Compliance Certificates. The Company shall deliver
to the Trustee, within 90 days after the end of each fiscal year of the Company (beginning with the fiscal year ending December 31, 2017), an Officers’ Certificate as to the signer’s knowledge of the Company’s compliance with all
conditions and covenants on their part contained in this Indenture and stating whether or not the signer knows of any Default or Event of Default. If such signer knows of such a Default or Event of Default, the Officers’ Certificate shall
describe the Default or Event of Default and the efforts to remedy the same. For the purposes of this Section 4.4, compliance shall be determined without regard to any grace period or requirement of notice provided pursuant to the terms of this
Indenture. 
 Section 4.5    Further Instruments and Acts. Upon request of the Trustee, the Company will
execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purposes of this Indenture. 

Section 4.6    Maintenance of Corporate Existence. Subject to Article 5 hereof, 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 the corporate existence of each Restricted Subsidiary; provided, however, that the Company shall not be required to preserve the
corporate existence of any Restricted Subsidiary if (a) the Board of Directors or management of the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and the Restricted
Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Notes, (b) if a Subsidiary is to be dissolved or merged or consolidated in compliance with this Indenture or (c) such
Subsidiary has no assets. 
 Section 4.7    Changes in Covenants When Notes Rated Investment Grade. In the
event of the occurrence of a Fall Away Event with respect to the Notes (and notwithstanding the failure of the Company subsequently to maintain an Investment Grade Rating with respect to such Notes), the provisions of Sections 4.8, 4.9, 4.12, 4.13
and 4.14 hereof and clause (iv) of Section 5.1(a) hereof will no longer be applicable to the Notes. 

Section 4.8    Restricted Payments. 

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

(i)    declare or pay any dividend or make any other payment or distribution on account of the
Company’s or any of its Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries) or to the direct or
indirect holders of the Company’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions payable in Equity Interests (other than Disqualified Stock) of the Company or to the
Company or a Restricted Subsidiary of the Company); 
 (ii)    purchase, redeem or otherwise acquire or
retire for value (including, without limitation, in connection with any merger or consolidation involving the Company) any Equity Interests of the Company or any direct or indirect parent of the Company; 

(iii)    purchase, redeem, defease or otherwise acquire or retire for value, prior to scheduled maturity,
scheduled repayment or scheduled sinking fund payment, any Indebtedness of the Company or any Note Guarantor that is subordinated in right of payment to the Notes or a Note Guarantee, except (i) from the Company or a Restricted Subsidiary of
the Company or (ii) the purchase, redemption, defeasance or other acquisition or retirement of any such Indebtedness made in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within
one year of the date of such purchase, redemption, defeasance or other acquisition or retirement; or 

  
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 (iv)    make any Restricted Investment 

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

(1)    no Default or Event of Default has occurred and is continuing or would occur as a consequence of
such Restricted Payment; 
 (2)    the Company would, at the time of such Restricted Payment and after
giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio
test set forth in Section 4.9(a) hereof; and 
 (3)    such Restricted Payment, together with the
aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries after January 30, 2015 (excluding Restricted Payments permitted by clauses (ii) through (ix), (xi), (xii) and (xiii) of
Section 4.8(b)), is less than the sum, without duplication, of: 
 (A)    50% of the Consolidated
Net Income of the Company for the period (taken as one accounting period) from October 1, 2014 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, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit), plus 

(B)    100% of the aggregate net cash proceeds (or fair market value of assets) received by the Company
since January 30, 2015 as a contribution to its common equity capital or from the issue or sale of Equity Interests of the Company (other than Disqualified Stock) or from the issue or sale of convertible or exchangeable Disqualified Stock or
convertible or exchangeable debt securities of the Company that have been converted into or exchanged for such Equity Interests (other than Equity Interests (or Disqualified Stock or debt securities) sold to a Subsidiary of the Company), plus

 (C)    to the extent that any Restricted Investment that was made after January 30, 2015 is sold
for cash or otherwise liquidated or repaid for cash, the lesser of (i) the cash return of capital with respect to such Restricted Investment (less the cost of disposition, if any) or (ii) the initial amount of such Restricted Investment,
plus 
 (D)    to the extent that any Unrestricted Subsidiary of the Company is redesignated as a
Restricted Subsidiary after January 30, 2015, the lesser of (i) the Fair Market Value of the Company’s Investment in such Subsidiary as of the date of such redesignation or (ii) such Fair Market Value as of the date on which such
Subsidiary was originally designated as an Unrestricted Subsidiary, plus 

(E)    $3.7 billion. 

(b)    The preceding provisions shall not prohibit: 

(i)    the payment of any dividend within 60 days after the date of declaration of the dividend, if at the
date of declaration the dividend payment would have complied with the provisions of this Indenture (it being understood that the amount of any such dividend shall be included in the aggregate amount of Restricted Payments determined in
Section 4.8(a)(3) only once and not as separate Restricted Payments made at both declaration and payment); 

  
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 (ii)    any Restricted Payment made in exchange for, or in an
amount equal to the net cash proceeds of, the substantially concurrent sale (other than to the Company or a Restricted Subsidiary of the Company) of, Equity Interests of the Company (other than Disqualified Stock); provided, that an amount
equal to such Restricted Payment will be excluded from clause (3)(B) of Section 4.8(a) hereof; 

(iii)    the defeasance, redemption, repurchase or other acquisition or retirement of subordinated
Indebtedness of the Company or any Note Guarantor with the net cash proceeds from, or in exchange for, an incurrence of Permitted Refinancing Indebtedness; 

(iv)    the payment of any dividend or any other payment or distribution by a Restricted Subsidiary of the
Company to the holders of its Equity Interests or any class on a pro rata basis to the holders of such class; 

(v)    so long as no Default or Event of Default has occurred and is continuing, the repurchase, redemption
or other acquisition or retirement for value of Equity Interests of the Company or any Restricted Subsidiary of the Company held by any present or former employee, director, officer or consultant of, or service provider to, the Company or any of its
Restricted Subsidiaries pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement (including, for the avoidance of doubt, any principal and interest payable on any notes issued by the
Company in connection with any such repurchase, retirement or other acquisition), or any stock subscription or shareholder agreement; provided that the aggregate amount of Restricted Payments made under this clause (v) shall not exceed
in any calendar year $25.0 million (with unused amounts for any year being carried over to the next succeeding year, but not to any subsequent year, with the permitted amount for each year being used prior to any amount carried over from the
previous year); provided further that such amount in any calendar year may be increased by an amount not to exceed: 

(i)    the cash proceeds of key man life insurance policies received by the Company or its Restricted
Subsidiaries after the Issue Date; less 
 (ii)    the amount of any Restricted Payments previously made
with the cash proceeds described in subclause (i) of this clause (v); 
 (vi)    payments to holders
of Equity Interests (or to the holders of Indebtedness that is convertible into or exchangeable for Equity Interests upon such conversion or exchange) in lieu of the issuance of fractional shares; 

(vii)    repurchases of Equity Interests deemed to occur in connection with the exercise or vesting of
stock options or similar instruments to the extent necessary to pay withholding or similar taxes related to such exercise or vesting of stock options or similar instruments; 

(viii)    [Reserved]; 

(ix)    repurchases or retirement for value of Equity Interests deemed to occur upon exercise of stock
options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants; 

(x)    the repurchase, redemption or other acquisition or retirement for value of any subordinated
Indebtedness or Disqualified Stock pursuant to provisions similar to those described under Section 3.8 and Section 4.14; provided that, prior thereto, all Notes tendered by Holders in connection with a Change of Control Offer or
Asset Sale Offer, as applicable, have been repurchased, redeemed or acquired for value; 
 (xi)    so
long as no Default or Event of Default has occurred and is continuing, the declaration and payment of dividends to holders of any class or series of Disqualified Stock of the Company or its Restricted Subsidiaries issued in accordance with
Section 4.9; 

  
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 (xii)    so long as no Default or Event of Default has
occurred and is continuing, other Restricted Payments; provided, however, that if the Total Leverage Ratio as of the date of any Restricted Payment to be made pursuant to this clause (xii) is greater than or equal to 3.50 to 1.0,
such Restricted Payment shall be permitted to be made pursuant to this clause (xii) only if the amount of such Restricted Payment, when taken together with the amount of all other Restricted Payments previously made pursuant to this clause
(xii) when the Total Leverage Ratio was greater than or equal to 3.50 to 1.0, does not exceed $500.0 million in the aggregate; and 

(xiii)    the distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed
to the Company or a Restricted Subsidiary by, Unrestricted Subsidiaries. 
 (c)    The amount of all Restricted Payments
(other than cash) shall be the Fair Market Value (determined, for purposes of this covenant, by the Company or, in the case of any asset(s) valued in excess of $750.0 million, by the Board of Directors of the Company) on the date of the
Restricted Payment of the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. For purposes of determining compliance with this
Section 4.8, in the event that a Restricted Payment meets the criteria of more than one of the categories described in clauses (i) through (xiii) of clause (b) of this Section 4.8, including Section 4.8(a) or the definition
of “Permitted Investment,” the Company will be permitted to classify such Restricted Payment and later reclassify all or a portion of such Restricted Payment in any manner that complies with this covenant. In addition, a Restricted Payment
need not be permitted solely by reference to one provision permitting such Restricted Payment but may be permitted in part by one such provision and in part by one or more other provisions of this covenant permitting such Restricted Payment. 

Section 4.9    Incurrence of Indebtedness and Issuance of Preferred Stock. 

(a)    The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create,
incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise (collectively, “incur”), with respect to any Indebtedness (including Acquired Debt), and the Company shall not issue any
Disqualified Stock and shall not permit any of its Restricted Subsidiaries to issue any Disqualified Stock or preferred stock; provided, however, that the Company or any Restricted Subsidiary may incur Indebtedness (including Acquired
Debt) or issue Disqualified Stock and any Restricted Subsidiary may issue preferred stock if the Fixed Charge Coverage Ratio for the Company’s 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 2.0 to 1.0, 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, at the beginning of such four-quarter period. 

(b)    Subsection (a) of this Section 4.9 shall not prohibit the incurrence of any of the following items of
Indebtedness (collectively, “Permitted Debt”): 
 (i)    the incurrence by the Company
and its Restricted Subsidiaries of Indebtedness under Credit Facilities in an aggregate principal amount at any one time outstanding under this clause (i) not to exceed $2,500.0 million; 

(ii)    the incurrence by the Company and its Restricted Subsidiaries of the Existing Indebtedness
including the Existing Secured Notes; 
 (iii)    the incurrence by the Company and the Note Guarantors
of Indebtedness represented by the Initial Notes (including the Note Guarantees and any future Note Guarantees); 

(iv)    the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness represented by
Capital Lease Obligations, in an aggregate amount, including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause (iv), not to exceed the greater of (x) $275.0 million
and (y) 1.0% of Consolidated Total Assets at any time outstanding; 

  
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 (v)    mortgage financings or purchase money obligations, in
each case, incurred for the purpose of financing all or any part of the purchase price or cost of construction or improvement of property, plant or equipment used in the business of the Company or any Restricted Subsidiary of the Company, in an
aggregate principal amount, including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause (v), not to exceed the greater of (x) $675.0 million and (y) 2.5% of
Consolidated Total Assets at any time outstanding; 
 (vi)    the incurrence by the Company or any of its
Restricted Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which are used to refund, refinance or replace, Indebtedness (other than intercompany Indebtedness) that was permitted by this Indenture to be
incurred under Section 4.9(a) hereof or clauses (ii), (iii), (xii) or (xiv) of this Section 4.9(b) or this clause (vi) or, solely to the extent of the excess (if any) of the amount of Indebtedness incurred and outstanding under
clause (xx) of this Section 4.9(b) prior to the applicable refinancing over the maximum aggregate amount permitted to be incurred and outstanding under clause (xx) of this Section 4.9(b) at the time of such refinancing, clause
(xx) of this Section 4.9(b); 
 (vii)    the incurrence by the Company or any of its Restricted
Subsidiaries of intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries; provided, however, that: 

(A)    if a Note Guarantor is the obligor on such Indebtedness and the obligee is not the Company or
another Note Guarantor, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Notes; and 

(B)    (i) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness
being held by a Person other than the Company or a Restricted Subsidiary of the Company and (ii) any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a Restricted Subsidiary of the Company shall be
deemed, in each case, to constitute an incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be, that is not permitted by this clause (vii); 

(viii)    (i) the incurrence by the Company or any of its Restricted Subsidiaries of Hedging Obligations
that are incurred and not for speculative purposes and (ii) the incurrence by a Securitization Special Purpose Entity of Indebtedness in a Qualified Securitization Transaction that is without recourse to the Company or to any other Restricted
Subsidiary of the Company or their assets (other than Standard Securitization Undertakings); 

(ix)    the Guarantee by the Company or any Restricted Subsidiary of the Company of Indebtedness of the
Company or any Restricted Subsidiary that was permitted to be incurred under this Section 4.9 (other than the Note Guarantees); provided that if the Indebtedness being guaranteed is subordinated to or pari passu with the Notes or
any Note Guarantee, then the Guarantee shall be subordinated to the same extent as the Indebtedness guaranteed (without regard to security interest); 

(x)    the accrual of interest, the accretion or amortization of original issue discount, the payment of
interest on any Indebtedness in the form of additional Indebtedness with the same terms, and the payment of dividends on Disqualified Stock in the form of additional shares of the same class of Disqualified Stock will not be deemed to be an
incurrence of Indebtedness or an issuance of Disqualified Stock for purposes of this covenant; provided, in each such case, that the amount thereof is included in Fixed Charges of the Company as accrued; 

  
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 (xi)    obligations in respect of performance and surety
bonds and completion guarantees or similar obligations provided by the Company or any Restricted Subsidiary of the Company in each case in the normal course of business (whether or not consistent with past practice); 

(xii)    the incurrence by the Company or any of its Restricted Subsidiaries of Acquired Debt;
provided, however, that on the date of acquisition and after giving effect thereto on a pro forma basis, the Fixed Charge Coverage Ratio of the Company (A) would be at least 2.0 to 1.0 or (B) would be equal to or greater than
such Fixed Charge Coverage Ratio immediately prior to such acquisition; 
 (xiii)    the incurrence by
any Foreign Subsidiary of Indebtedness in an aggregate principal amount at any time outstanding, including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause (xiii), not
to exceed the greater of (x) $675.0 million or (y) 2.5% of Consolidated Total Assets; 

(xiv)    Indebtedness of the Company or any Restricted Subsidiary incurred in connection with or in
contemplation of, or to provide all or any portion of the funds or credit support utilized to consummate, the acquisition by the Company or any Restricted Subsidiary of the Company of property used or useful in a Permitted Business (whether through
the direct purchase of assets or the purchase of Capital Stock of, or merger or consolidation with, any Person owning such assets); provided, however, on the date of such incurrence and after giving effect thereto on a pro forma basis,
the Fixed Charge Coverage Ratio of the Company (A) would be at least 2.0 to 1.0 or (B) would be equal to or greater than such Fixed Charge Coverage Ratio immediately prior to such incurrence; 

(xv)    Indebtedness incurred by the Company or any of its Restricted Subsidiaries constituting
reimbursement obligations with respect to letters of credit issued in the ordinary course of business, including letters of credit in respect of workers’ compensation claims, death, disability or other employee benefits or property, casualty or
liability insurance or self-insurance, 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; 

(xvi)    Indebtedness arising from the honoring by a bank or other financial institution of a check, draft
or similar instrument drawn against insufficient funds, provided that such Indebtedness is extinguished within five Business Days of notice of its incurrence; 

(xvii)    Indebtedness of the Company or any of its Restricted Subsidiaries supported by a letter of credit
issued pursuant to the Credit Facilities, in a principal amount not in excess of the stated amount of such letter of credit; 

(xviii)    Indebtedness of the Company or any of its Restricted Subsidiaries consisting of (i) the
financing of insurance premiums or (ii) take-or-pay or similar obligations contained in supply arrangements, in each case, incurred in the ordinary course of
business; 
 (xix)    the incurrence by the Company or any of its Restricted Subsidiaries of additional
Indebtedness in an aggregate principal amount (or accreted value, as applicable) at any time outstanding, including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause
(xix), not to exceed the greater of (x) $675.0 million and (y) 2.5% of Consolidated Total Assets; and 

(xx)    the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness secured by a
Lien under Credit Facilities in an aggregate principal amount such that, on a pro forma basis (including a pro forma application of the proceeds therefrom), the Secured Leverage Ratio would not exceed 3.50 to 1.00. 

  
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 (c)    The Company shall not, and shall not permit any Note Guarantor to,
incur any Indebtedness (including Permitted Debt) that is contractually subordinated in right of payment to any other Indebtedness of the Company or the Note Guarantors unless such Indebtedness is also contractually subordinated in right of payment
to the Notes on substantially identical terms; provided, however, that no Indebtedness of the Company or the Note Guarantors shall be deemed to be contractually subordinated in right of payment to any other Indebtedness of the Company
or any Note Guarantor solely by virtue of being unsecured or having a junior lien priority. 
 (d)    For purposes of
determining compliance with this Section 4.9, in the event that an item of proposed Indebtedness meets the criteria of more than one of the categories of Permitted Debt described in clauses (i) through (xx) of Section 4.9(b) hereof,
or is entitled to be incurred pursuant to subsection (a) of this Section 4.9, the Company shall be permitted to classify such item of Indebtedness on the date of its incurrence, or later reclassify from time to time all or a portion of
such item of Indebtedness, in any manner that complies with this Section 4.9. Indebtedness permitted by this Section 4.9 need not be permitted solely by reference to one clause permitting such Indebtedness but may be permitted in part by
one such clause and in part by one or more other clauses of this Section 4.9 permitting such Indebtedness. Indebtedness under Credit Facilities outstanding on the Issue Date will be deemed to have been incurred on such date in reliance on the
exception provided by clause (xx) of Section 4.9(b) hereof. 
 (e)    In addition, for purposes of determining
compliance with this Section 4.9, the Company or the applicable Restricted Subsidiary may, pursuant to an Officers’ Certificate delivered to the Trustee, elect to treat all or any portion of the commitment under any Indebtedness (including
with respect to any revolving loan commitment) as being incurred at the time of such commitment, in which case any subsequent incurrence of Indebtedness under such commitment shall not be deemed to be an incurrence at such subsequent time. 

Section 4.10    [Reserved]. 

Section 4.11    Liens. The Company shall not, and shall not permit any of its Restricted Subsidiaries to,
directly or indirectly, create, incur, assume or suffer to exist any Lien (except a Permitted Lien) of any kind (and such Lien, the “Initial Lien”) on any asset now owned or hereafter acquired; except in the case of any assets that
do not constitute Collateral, any Initial Lien if the Notes or the Note Guarantees are secured equally and ratably with (or prior to) the obligations secured by such Initial Lien. 

Any Lien created for the benefit of Holders pursuant to the preceding paragraph shall provide by its terms that such Lien shall be
automatically and unconditionally released and discharged, without any action on the part of the Holders, upon the release and discharge of the Initial Lien. 

Section 4.12    Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries. 

(a)    The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or
permit to exist or become effective any consensual encumbrance or restriction on the ability of any such Restricted Subsidiary to: 

(i)    pay dividends or make any other distributions on its Capital Stock to the Company or any of its
Restricted Subsidiaries or pay any indebtedness owed to the Company or any of its Restricted Subsidiaries; 

(ii)    make loans or advances to the Company or any of its Restricted Subsidiaries; or 

(iii)    transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries.

  
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 (b)    The restrictions set forth in Section 4.12(a) hereof shall not
apply to encumbrances or restrictions existing under or by reason of: 
 (i)    agreements, including
agreements governing Existing Indebtedness as in effect on the date of this Indenture and any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of those agreements, provided
that the amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company, not materially more restrictive, taken as a whole, with respect to such
dividend and other payment restrictions than those contained in those agreements on the date of this Indenture; 

(ii)    this Indenture, the Notes, the Note Guarantees and the Collateral Documents; 

(iii)    any encumbrance or restriction pursuant to Credit Facilities incurred under clause (i) or
(xx) of Section 4.9(b) hereof; 
 (iv)    applicable law, rule, regulation or order, approval,
license, permit or similar restriction, including under contracts with foreign governments or agencies thereof entered into in the ordinary course of business; 

(v)    any instrument governing Indebtedness, Capital Stock or assets of a Person acquired by the Company
or any of its Restricted Subsidiaries as in effect at the time of such acquisition (except to the extent such Indebtedness was incurred, or such Capital Stock was issued, in connection with or in contemplation of such acquisition), 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 and any amendments, modifications, restatements, renewals, increases, supplements,
refundings, replacements or refinancings of those agreements provided that the amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company, not
materially more restrictive, taken as a whole, with respect to such dividend and other payment restrictions than those contained in those agreements on the date of the acquisition, provided that, in the case of Indebtedness, such Indebtedness
was permitted to be incurred under Section 4.9 hereof; 
 (vi)    customary non-assignment provisions in leases, contracts and licenses entered into in the ordinary course of business; 

(vii)    purchase money obligations for property that impose restrictions on that property of the nature
described in clause (iii) of Section 4.12(a) hereof; 
 (viii)    any agreement for the sale or
other disposition of a Restricted Subsidiary that restricts distributions, transfers, loans or advances by that Restricted Subsidiary pending its sale or other disposition; 

(ix)    Permitted Refinancing Indebtedness; provided that the restrictions contained in the
agreements governing such Permitted Refinancing Indebtedness are not, in the good faith judgment of the Company, materially more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced; 

(x)    Permitted Liens securing Indebtedness that limit the right of the debtor to dispose of the assets
subject to such Liens; 
 (xi)    customary provisions in joint venture agreements, asset sale
agreements, stock sale agreements and other similar agreements entered into with the approval of the Board of Directors of the Company or otherwise in the ordinary course of business; 

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

  
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 (xiii)    restrictions in agreements or instruments which
prohibit the payment or making of dividends or other distributions other than on a pro rata basis; 

(xiv)    contractual requirements of a Securitization Special Purpose Entity in connection with a Qualified
Securitization Transaction; provided that such restrictions apply only to such Securitization Special Purpose Entity; and 

(xv)    any agreement or instrument governing Indebtedness or preferred stock permitted to be incurred
subsequent to the Issue Date pursuant to Section 4.9 hereof which encumbrances or restrictions (x) are not, in the good faith judgment of the Company, materially more restrictive, taken as a whole, than those contained in this Indenture or
(y) will not, in the good faith judgment of the Company, affect the ability of the Company to make anticipated payments of principal, interest or premium on the Notes. 

Section 4.13    Transactions with Affiliates. 

(a)    The Company shall not, and shall not permit any of its Restricted Subsidiaries 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 (each, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $100.0 million, unless: 

(i)    the Affiliate Transaction is on terms that are no less favorable, taken as a whole, 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, as determined by the Company in good faith; and 

(ii)    with respect to any Affiliate Transaction or series of related Affiliate Transactions involving
aggregate consideration in excess of $750.0 million, such Affiliate Transaction has been approved by a majority of the disinterested members of the Board of Directors of the Company. 

(b)    The following items shall be deemed not to be Affiliate Transactions and, therefore, will not be subject to the
provisions of Section 4.13(a) hereof: 
 (i)    any employment agreement or benefit or similar plan
entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business of the Company or such Restricted Subsidiary; 

(ii)    transactions between or among the Company and/or its Restricted Subsidiaries; 

(iii)    transactions with a Person 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; 

(iv)    the payment of reasonable compensation and fees to, and the provision of customary indemnities to,
current or former officers, directors, employees or consultants of the Company or any of its Restricted Subsidiaries; 

(v)    issuances or sales of Equity Interests (other than Disqualified Stock) of the Company to Affiliates
or employees of or consultants to the Company; 
 (vi)    Restricted Payments that are permitted by the
provisions of Section 4.8 hereof and Permitted Investments; 
 (vii)    transactions effected
pursuant to agreements in effect on the date of this Indenture and any amendment, modification or replacement to such agreement (so long the as amendment, modification or replacement is not, in the good faith judgment of the Company, materially more
disadvantageous to the Company or such Restricted Subsidiary, taken as a whole, than the terms of those agreements in effect on the date of this Indenture); 

  
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 (viii)    [reserved]; 

(ix)    transactions with a Permitted Joint Venture in which the Company or any Restricted Subsidiary holds
or acquires an ownership interest (whether by way of Capital Stock or otherwise) so long as the terms of any such transactions, in the good faith judgment of the Company, are not materially less favorable, taken as a whole, to the Company or such
Restricted Subsidiary than they are to other joint venture partners; 
 (x)    any agreement that grants
registration and other customary rights in connection therewith or otherwise to the direct or indirect securityholders of the Company or any Restricted Subsidiary (and the performance of such agreements); 

(xi)    transactions with Affiliates solely in their capacity as Holders of Indebtedness or Capital Stock
of the Company or any of its Restricted Subsidiaries, where such Affiliates receive the same consideration as non-Affiliates in such transactions; 

(xii)    transactions affected as part of a Qualified Securitization Transaction; and 

(xiii)    transactions in which the Company or any Restricted Subsidiary, as the case may be, delivers to
the Trustee a copy of a letter from an accounting, appraisal or investment banking firm of national standing addressed to the Company stating that such transaction meets the requirements of Section 4.13(a)(i). 

Section 4.14    Asset Sales. 

(a)    The Company shall not, and shall not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

 (i)    the Company (or its Restricted Subsidiary, as the case may be) receives consideration at the
time of the Asset Sale at least equal to the Fair Market Value (determined, for purposes of this clause (i), by the Company or, in the case of any asset(s) valued in excess of $750.0 million, by the Board of Directors of the Company) of the
assets or Equity Interests issued or sold or otherwise disposed of; and 
 (ii)    except in the case of
a Permitted Asset Swap, at least 75% of the consideration received in the Asset Sale by the Company or such Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of this provision, each of the following will be deemed to be
cash: 
 (A)    any liabilities, as shown on the Company’s most recent consolidated balance sheet,
of the Company or any Restricted Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes and the Note Guarantees) (i) that are assumed by the transferee of any such assets pursuant to an
agreement that releases the Company or such Restricted Subsidiary from further liability or (ii) that are discharged by the transferee in a transaction pursuant to which neither the Company nor any Restricted Subsidiary has any liability
following such Asset Sale; 
 (B)    any securities, notes or other obligations received by the Company
or any such Restricted Subsidiary from such transferee that are converted by the Company or such Restricted Subsidiary into cash within 180 days after the consummation of the applicable Asset Sale, to the extent of the cash received in that
conversion; and 
 (C)    any Designated Noncash Consideration having an aggregate Fair Market Value
that, when taken together with all other Designated Noncash Consideration previously received 

  
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and then outstanding, does not exceed at the time of the receipt of such Designated Noncash Consideration (with the Fair Market Value of each item of Designated Noncash Consideration being
measured at the time received and without giving effect to subsequent changes in value) the greater of $800.0 million or 3.0% of Consolidated Total Assets. 

(b)    Within 450 days after the receipt of any Net Proceeds from an Asset Sale, the Company or the applicable Restricted
Subsidiary may apply an amount equal to those Net Proceeds: 
 (i)    to repay (x) Indebtedness and
other Obligations under the Credit Agreement and, if the Indebtedness repaid under the Credit Agreement is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto, (y) Indebtedness and other Obligations under
the Notes or any Pari Passu Indebtedness (other than the Credit Agreement) and, if the Pari Passu Indebtedness being repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto (provided that if such
Net Proceeds are applied to repay such Pari Passu Indebtedness under this clause (y), the Company shall equally and ratably reduce obligations under the Notes in accordance with Section 3.7 hereof, through privately negotiated transactions or
open market purchases (in each case, provided that such purchases are at or above 100% of the principal amount thereof), or by making an offer (in accordance with Section 4.14(c)) to all Holders to purchase, at a purchase price equal to
100% of the principal amount thereof, plus accrued and unpaid interest, the pro rata principal amount of Notes) or (z) other Indebtedness of a Subsidiary that does not Guarantee the Notes, so long as the relevant assets were assets of such
Subsidiary; 
 (ii)    to acquire all or substantially all of the assets of, or a majority of the Voting
Stock of, another Permitted Business or the minority interest in any Permitted Business; 
 (iii)    to
make payments with respect to the acquisition or license of intellectual property rights that are used in a Permitted Business; 

(iv)    to make a capital expenditure in or that is useful in a Permitted Business; 

(v)    to retire Notes (x) pursuant to Section 3.7 hereof, (y) through privately negotiated
transactions or open market purchases or (z) by making an offer to purchase Notes in accordance with Section 4.14(c); or 

(vi)    to acquire other assets that are not classified as current assets (for the avoidance of doubt,
including acquisitions of in-process research and development) under GAAP and that are used or useful in a Permitted Business; 

provided that a binding commitment to apply any Net Proceeds from an Asset Sale as set forth in clauses (ii), (iii), (iv) or (vi) of this
Section 4.14(b) shall be treated as a permitted application of the Net Proceeds from the date of such commitment so long as the Company or such Restricted Subsidiary enters into such commitment with the good faith expectation that such Net
Proceeds will be applied to satisfy such commitment within 180 days of the end of such 450-day period (an “Acceptable Commitment”) and, in the event any Acceptable Commitment is later
cancelled or terminated for any reason before the Net Proceeds are applied in connection therewith, then the Company or such Restricted Subsidiary shall be permitted to apply the Net Proceeds in any manner set forth above before the expiration of
such 180-day period and, in the event the Company or such Restricted Subsidiary fails to do so, then such Net Proceeds shall constitute Excess Proceeds. 

Notwithstanding Sections 4.14(a) and 4.14(b), the Company and its Restricted Subsidiaries will not be required to apply an amount equal to any
Net Proceeds in accordance with this covenant except to the extent that the aggregate Net Proceeds from all Asset Sales which are not applied in accordance with this covenant exceed the greater of $275.0 million or 1.0% of Consolidated Total
Assets at the time of receipt of such Net Proceeds. Pending application of an amount equal to Net Proceeds pursuant to this Section 4.14, the Company or a Restricted Subsidiary may temporarily reduce revolving credit borrowings or otherwise
invest the Net Proceeds in any manner that is not prohibited by this Indenture. 

  
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 (c)    Any Net Proceeds from Asset Sales that are not applied or invested as
provided in Section 4.14(b) hereof shall constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds the greater of $275.0 million or 1.0% of Consolidated Total Assets, the Company shall make an
offer (an “Asset Sale Offer”) to all Holders of Notes and all holders of other Pari Passu Indebtedness to purchase the maximum principal amount of Notes and such other Pari Passu Indebtedness that may be purchased out of the amount
of such Excess Proceeds. The offer price in any Asset Sale Offer shall be equal to 100% of principal amount plus accrued and unpaid interest to, but not including, the date of purchase, and shall be payable in cash. If any Excess Proceeds remain
after consummation of an Asset Sale Offer, the Company and its Restricted Subsidiaries may use the amount of such Excess Proceeds for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of Notes and other Pari
Passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Company shall select the Notes and such other Pari Passu Indebtedness to be purchased on a pro rata basis. Upon completion of each Asset Sale Offer,
the amount of Excess Proceeds shall be reset at zero. 
 (d)    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 those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Asset Sale
Offer. To the extent that the provisions of any securities laws or regulations conflict with the Asset Sale provisions of this Indenture, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have
breached its obligations under the Asset Sale provisions of this Indenture by virtue of such compliance. 

Section 4.15    Additional Note Guarantees. If any one of the Company’s Subsidiaries that is not a Note
Guarantor Guarantees any Indebtedness of the Company or any Guarantor under any syndicated Credit Facility or Capital Markets Indebtedness, that Subsidiary shall (i) execute and deliver to the Trustee a supplemental indenture in form reasonably
satisfactory to the Trustee and a notation of Note Guarantee substantially in the form of Exhibit B hereto or, in the case that such Subsidiary of the Company is a Canadian Note Guarantor, a Canadian Note Guarantee,
pursuant to which such Subsidiary shall unconditionally Guarantee, on a senior secured basis, all of the Company’s obligations under the Notes and this Indenture on the terms set forth in this Indenture and, if applicable, the Canadian Note
Guarantee, and (ii) deliver to the Trustee an Opinion of Counsel that such supplemental indenture and notation of Note Guarantee or, if applicable, Canadian Note Guarantee, has been duly authorized, executed and delivered by such Subsidiary and
constitutes a legal, valid, binding and enforceable obligation of such Subsidiary. Thereafter, such Subsidiary shall be a Note Guarantor for all purposes hereof until such Note Guarantee is released in accordance herewith. 

Notwithstanding the foregoing, the supplemental indenture and notation of Note Guarantee may be modified in respect of any Note Guarantor
organized outside the United States of America as necessary or appropriate to (1) comply with applicable law, (2) avoid any general legal limitations such as general statutory limitations, financial assistance, corporate benefit,
“thin capitalization” rules, retention of title claims or similar matters or (3) avoid a conflict with the fiduciary duties of such company’s directors, contravention of any legal prohibition or regulatory condition, or the
material risk of personal or criminal liability for any officers or directors (collectively referred to as “Agreed Guarantee Principles”), in each case as determined by the Company in its sole discretion. 

Section 4.16    Designation of Restricted and Unrestricted Subsidiaries. The Company’s Board of Directors
may designate any Restricted Subsidiary (other than Valeant) to be an Unrestricted Subsidiary if that designation would not cause a Default. Any designation of a Subsidiary as an Unrestricted Subsidiary will be deemed to be a designation of each of
such entity’s Subsidiaries as Unrestricted Subsidiaries. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate Fair Market Value of all outstanding Investments owned by the Company and its Restricted Subsidiaries
in the Subsidiary designated as an Unrestricted Subsidiary shall be deemed to be an Investment made as of the time of the designation and will reduce the amount available for Restricted Payments under Section 4.8 hereof or under one or more of
the clauses of the definition of “Permitted Investments,” as determined by the Company. That designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise meets the
definition of an Unrestricted Subsidiary. The Company’s Board of Directors may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if the redesignation would not cause a Default; provided that such redesignation will be
deemed to be an incurrence of Indebtedness and, if applicable, an incurrence of related Liens by a Restricted Subsidiary of the Company of any outstanding Indebtedness and, if applicable, related Liens of such Unrestricted Subsidiary and 

  
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 such redesignation will only be permitted if such Indebtedness and, if applicable, related Liens are permitted
under Section 4.9 hereof and, if applicable, Section 4.11 hereof (other than clause (3) under the definition of Permitted Liens), calculated, if applicable, on a pro forma basis as if such designation had occurred at the beginning of
the four-quarter reference period. 
 Section 4.17    Business Activities. The Company shall not, and shall
not permit any of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Company and its Restricted Subsidiaries, taken as a whole. 

Section 4.18    [Reserved]. 

Section 4.19    Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do
so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive the Company from paying all or any portion of
the principal of, premium, if any, or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture, and the Company (to the extent it
may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenant that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and
permit the execution of every such power as though no such law had been enacted. 
 Section 4.20    Notice of
Default. In the event that any Default or Event of Default under Section 6.1 hereof shall occur, the Company shall give prompt written notice of such Default or Event of Default to the Trustee. 

Section 4.21    Payment of Additional Amounts. 

(a)    All payments made by or on behalf of the Company under or with respect to the Notes, or by or on behalf of any Note
Guarantor under or with respect to any Note Guarantee (each such Person, a “Payor”) will be made free and clear of any withholding or deduction for or on account of any tax, duty, levy, impost, assessment or other governmental
charge of whatever nature (collectively, “Tax”) imposed or levied by or on behalf of any jurisdiction in which such Payor is organized, resident or carrying on business for tax purposes or from or through which such Payor makes any
payment on the Notes or its Note Guarantee or any department or political subdivision of any of the foregoing (each, a “Relevant Taxing Jurisdiction”), unless the Payor (or an applicable withholding agent) is required to withhold or
deduct Taxes by law. If the Payor (or an applicable withholding agent) is required by law to withhold or deduct any amount for or on account of Taxes of any Relevant Taxing Jurisdiction from any payment made under or with respect to any Notes or
Note Guarantee, the Payor, subject to the exceptions listed below, will pay additional amounts (“Additional Amounts”) as may be necessary to ensure that the net amount received by each Holder or beneficial owner of the Notes after
such withholding or deduction (including withholding or deduction attributable to Additional Amounts payable hereunder) will not be less than the amount the Holder or beneficial owner would have received if such Taxes had not been required to be so
withheld or deducted. 
 (b)    A Payor will not, however, pay Additional Amounts to a Holder or beneficial owner of
Notes: 
 (i)    to the extent the Taxes giving rise to such Additional Amounts would not have been
imposed but for the existence of any present or former connection between the Holder or beneficial owner (or between a fiduciary, settler, beneficiary, member or shareholder of, or possessor of a power over, such Holder or beneficial owner, if such
Holder or beneficial owner is an estate, trust, partnership or corporation) and the Relevant Taxing Jurisdiction (other than any connection resulting solely from the acquisition, ownership, holding or disposition of Notes, the receipt of payments
thereunder or under any Note Guarantee and/or the exercise or enforcement of rights under any Notes or any Note Guarantee); 

(ii)    to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for
the failure of the Holder or beneficial owner of Notes, following the Company’s or the Payor’s written request addressed to the Holder, to the extent such Holder or beneficial owner is legally eligible to do so, to comply with any
certification, identification, information or other reporting 

  
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requirements, whether required by statute, treaty, regulation or administrative practice of a Relevant Taxing Jurisdiction, as a precondition to exemption from, or reduction in the rate of
deduction or withholding of, Taxes imposed by the Relevant Taxing Jurisdiction (including, without limitation, a certification that the Holder or beneficial owner is not resident in the Relevant Taxing Jurisdiction); 

(iii)    with respect to any estate, inheritance, gift, sales, transfer, capital gains, excise or personal
property tax or any similar Taxes; 
 (iv)    to the extent the Taxes giving rise to such Additional
Amounts would not have been imposed but for the presentation by the Holder or beneficial owner of any Note, where presentation is required, for payment on a date 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, whichever occurs later; 
 (v)    to the extent the
Taxes giving rise to such Additional Amounts would not have been imposed but for the Holder or beneficial owner not dealing at arm’s length, within the meaning of the Income Tax Act (Canada), with such Payor; 

(vi)    to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for
such Holder or beneficial owner being, or not dealing at arm’s length (within the meaning of the Income Tax Act (Canada)) with, a “specified shareholder” of the Company as defined in subsection 18(5) of the Income Tax
Act (Canada) for purposes of the thin capitalization rules in the Income Tax Act (Canada); 

(vii)    to the extent the Taxes giving rise to such Additional Amounts are United States federal
withholding taxes imposed pursuant to Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”), as in effect on the date hereof (or any amended or successor version that is substantively comparable
and not materially more onerous to comply with), any current or future regulations, official interpretations or administrative authority promulgated thereunder and any agreements entered into pursuant to Section 1471(b)(1) of the Code as in
effect on the date hereof (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), and, for the avoidance of doubt, any intergovernmental agreement (and related legislation, rules or
practices) implementing the foregoing (taken together, “FATCA”), except to the extent that such Taxes result from a failure of any Paying Agent to comply with FATCA; and 

(viii)    any combination of items (i), (ii), (iii), (iv), (v), (vi) and (vii). 

Additional Amounts also shall not be paid with respect to any payment on a Note to a beneficial owner who is a fiduciary, a partnership (or
entity treated as a partnership for tax purposes) or anyone other than the sole beneficial owner of that payment to the extent that payment would be required by the laws of the Relevant Taxing Jurisdiction to be included in the income, for tax
purposes, of a beneficiary or settlor with respect to the fiduciary, a member of that partnership or a beneficial owner who would not have been entitled to the Additional Amounts had that beneficiary, settlor, member or interest holder been the
beneficial owner. 
 (c)    The Payor or applicable withholding agent will (i) make any such withholding or
deduction required by applicable law and (ii) timely remit the full amount deducted or withheld to the relevant authority in accordance with applicable law. The Payor, as the applicable withholding agent, will make reasonable efforts to obtain
certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes. The Payor, as the applicable withholding agent, will provide to the Trustee, within a reasonable
time after the date the payment of any Taxes so deducted or withheld are due pursuant to applicable law, either a certified copy of tax receipts evidencing such payment, or, if such tax receipts are not reasonably available to the Payor, such other
documentation that provides reasonable evidence of such payment by the Payor. 
 (d)    Where Tax is payable pursuant to
Regulation 803 of the Income Tax Act (Canada) by a Holder or beneficial owner of the Notes in respect of any amount payable under the Notes to the Holder (other than by reason 

  
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of a transfer of the Notes to a person resident in Canada with whom the transferor does not deal at arm’s length for the purposes of such Act), but no Additional Amount is paid in respect of
such Tax, the Payor will pay as or on account of interest to the Holder an amount equal to such Tax (a “Regulation 803 Reimbursement”) plus an amount equal to any Tax required to be paid by the Holder or beneficial owner as a result
of such Regulation 803 Reimbursement within 45 days after receiving from the Holder a notice containing reasonable particulars of the Tax so payable, provided such Holder or beneficial owner would have been entitled to receive Additional
Amounts on account of such Tax (and only to the extent of such Additional Amounts that such Holder or beneficial owner would have been entitled to receive) but for the fact that it is payable otherwise than by deduction or withholding from payments
made under or with respect to the Notes. 
 (e)    Prior to the date on which the payment of any Additional Amounts are
due, the Payor will deliver to the Trustee an Officers’ Certificate stating that such Additional Amounts will be payable on the applicable payment date, and setting forth the Additional Amounts so payable and will also set forth such other
information necessary to enable the Trustee (or applicable paying agent) to pay such Additional Amounts to Holders on the applicable payment date. Any such Officers’ Certificate will be delivered to the Trustee at least two Business Days in
advance of when the payments in question are required to be made (unless a shorter period of time is acceptable to the Trustee in its reasonable discretion). The Payor will promptly publish a notice in accordance with Section 11.2 hereof
stating that such Additional Amounts will be payable and describing the obligation to pay such amounts. 
 (f)    The
Payors, jointly and severally, will reimburse the Holders or beneficial owners of Notes, upon written request of such Holder or beneficial owner of Notes and certified proof of payment for the amount of (i) any Taxes levied or imposed by a
Relevant Taxing Jurisdiction and payable by such Holder or beneficial owner in connection with payments made under or with respect to the Notes or under or with respect to any Note Guarantee; and (ii) any Taxes levied or imposed with respect to
any reimbursement under the foregoing clause (i) or this clause (ii), so that the net amount received by such Holder or beneficial owner after such reimbursement will not be less than the net amount such Holder or beneficial owner would have
received if the Taxes giving rise to the reimbursement described in clauses (i) and/or (ii) had not been imposed, provided, however, that the indemnification obligation provided for in this Section 4.21(f) shall not
extend to Taxes imposed for which the Holder or beneficial owner of the Notes would not have been eligible to receive payment of Additional Amounts hereunder by virtue of clauses (i) through (viii) of Section 4.21(b) hereof, or to the
extent such Holder or beneficial owner received Additional Amounts with respect to such payments. 
 (g)    In addition,
the Payor will pay any stamp, issue, registration, court, documentary, excise or other similar taxes, charges and duties, including interest and penalties with respect thereto, imposed by any Relevant Taxing Jurisdiction at any time in respect of
the execution, issuance, registration or delivery of the Notes or any Note Guarantee or any other document or instrument referred to thereunder and any such taxes, charges or duties imposed by any Relevant Taxing Jurisdiction at any time as a result
of, or in connection with, (i) any payments made pursuant to the Notes, any Note Guarantee or any other such document or instrument referred to thereunder and/or (ii) the enforcement of the Notes or any Note Guarantee or any other such
document or instrument referred to thereunder. 
 (h)    The obligations described under this Section 4.21 will
survive any termination, defeasance or discharge of this Indenture and will apply mutatis mutandis to any successor Person to any Payor and to any jurisdiction in which such successor is organized, carrying on business or is otherwise
resident for Tax purposes or any jurisdiction from or through which payment is made by such successor or its respective agents. 

(i)    Whenever this Indenture refers to, in any context, the payment of principal, premium, if any, interest or any other
amount payable under or with respect to any Note or under any Note Guarantee, such reference includes the payment of Additional Amounts or other payments that would be payable pursuant to this Section 4.21, if applicable. 

Section 4.22    After-Acquired Property. 

(a)    Promptly following (but so long as the Credit Agreement is outstanding in no circumstance sooner than required with
respect to the Credit Agreement) the acquisition by the Company or any Note Guarantor of any After-Acquired Property or upon any new Subsidiary becoming a Note Guarantor, the Company or such Note 

  
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Guarantor shall, subject to the limitations set forth herein, including the remaining clauses below, (i) provide a Lien over such property consistent with the Liens granted over similar
property in the applicable jurisdiction (or in the case of any jurisdiction where no Liens were previously granted, to the extent customary and reasonably achievable under applicable local law) (or, in the case of a new Note Guarantor, all of its
property (other than Excluded Assets) consistent with the Liens granted over similar property in the applicable jurisdiction (or in the case of any jurisdiction where no Liens were previously granted, to the extent customary and reasonably
achievable under applicable local law)) in favor of the Notes Collateral Agents and (ii) execute and deliver such mortgages, deeds of trust, security instruments, financing statements and certificates as shall be necessary to vest in the Notes
Collateral Agents a perfected security interest, subject only to Permitted Liens, in such After-Acquired Property or in the Collateral of such Note Guarantor and to have such After-Acquired Property or such Collateral (but subject to the limitations
set forth in the Collateral Documents) added to the Collateral, and thereupon all provisions of this Indenture relating to the Collateral shall be deemed to relate to such After-Acquired Property or Collateral to the same extent and with the same
force and effect, and deliver certificates and Opinions of Counsel consistent with the ones delivered in the applicable jurisdiction in connection with other Collateral Documents or in the case of any jurisdiction where no Liens were previously
granted, such certificates and Opinions of Counsel as are customary in such jurisdiction; provided, however, that if granting such security interest in such After-Acquired Property or Collateral requires the consent of a third party,
the Company will use commercially reasonable efforts to obtain such consent with respect to the security interest for the benefit of the Trustee and the Notes Collateral Agent on behalf of the Holders of the Notes; provided further,
however, that if such third party does not consent to the granting of such security interest after the use of such commercially reasonable efforts, the Company or such Note Guarantor, as the case may be, will not be required to provide such
security interest. 
 (b)    Notwithstanding anything in the Indenture or the Collateral Documents to the contrary, in
addition to the other exceptions and limitations described in the Collateral Documents, and notwithstanding any action that is taken in favor of the lenders under the Credit Agreement, in no event shall the Company or any Note Guarantor be required
to (x) create any security interests in assets located, titled, registered or filed outside of the Covered Jurisdictions or to perfect such security interests or (y) deliver (A) control agreements, (B) landlord waivers,
(C) bailee letters, (D) other similar third party documents, or (E) security agreements, pledge agreements, or share charge (or mortgage) agreements (or similar agreements) governed under the laws of a jurisdiction other than the
Covered Jurisdictions. In addition, in no event shall the Company or any Note Guarantor be required to grant liens or take any action to perfect liens on any real estate other than Material Real Estate Assets. 

(c)    Notwithstanding anything in the Indenture or the Collateral Documents to the contrary, so long as the Credit
Agreement or the Existing Secured Notes are outstanding, the Company and the Note Guarantors will not be required to grant liens on any asset in any jurisdiction where such assets can be pledged to only one secured party pursuant to local laws
governing such collateral or local practice applicable to such collateral. 
 (d)    Notwithstanding anything in the
Indenture or the Collateral Documents to the contrary, the Company and the Note Guarantors will not be required to (i) perfect by control any security interest in deposit accounts, securities accounts, commodities accounts or similar accounts
or (ii) perfect a security interest in any asset if such asset does not constitute “Collateral” (or an equivalent term)under the Credit Agreement security documents or where the Company and the Note Guarantors are not required to take
such actions under the Credit Agreement security documents. 
 (e)    Any Collateral Document may provide that the
amount recoverable in respect of the Collateral provided by the Note Guarantors will be limited as necessary to (1) prevent such Collateral from being in breach of any applicable law, (2) avoid any general legal limitations such as general
statutory limitations, financial assistance, corporate benefit, “thin capitalization” rules, retention of title claims or similar matters or (3) avoid a conflict with the fiduciary duties of such company’s officers or directors,
contravention of any legal prohibition or regulatory condition, or the material risk of personal or criminal liability for any officers or directors, in each case as determined by the Company in its sole discretion. 

(f)    The limitations set forth in clauses (b) through (e) above are referred to as the “Applicable
Collateral Limitations.” 

  
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 Section 4.23    Additional Material Real Estate Assets. In the
event that the Company or any Note Guarantor acquires a Material Real Estate Asset or a Real Estate Asset owned or leased on the Issue Date becomes a Material Real Estate Asset and such interest has not otherwise been made subject to the Lien of the
Collateral Documents in favor of any Notes Collateral Agent, for the benefit of First Lien Notes Secured Parties, then the Company or such Note Guarantor shall, subject to the Applicable Collateral Limitations, promptly take all such actions and
execute and deliver, or cause to be executed and delivered, all such mortgages, documents, instruments and agreements necessary to make such Lien a valid and perfected first priority security interest (subject to Permitted Liens) in such Material
Real Estate Asset and deliver such Opinions of Counsel and certificates as are customary in such jurisdictions. 

Section 4.24    No Impairment of the Security Interests. Except as otherwise permitted under this Indenture
(including, for the avoidance of doubt, pursuant to a transaction otherwise permitted by this Indenture), the First Lien Intercreditor Agreement and the Collateral Documents, none of the Company nor any of the Note Guarantors shall be permitted to
take any action, or knowingly omit to take any action, which action or omission would have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee, the Notes Collateral Agents and the
Holders of the Notes. 
 ARTICLE 5 

MERGER, CONSOLIDATION OR SALE OF ASSETS 

Section 5.1    Merger, Consolidation or Sale of Assets. 

(a)    The Company shall not, directly or indirectly: (1) consolidate, amalgamate or merge with or into another Person
(whether or not the Company is the surviving corporation) or (2) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries, taken as a whole, in
one or more related transactions, to another Person, unless: 
 (i)    either (x) the Company is the
surviving corporation; or (y) the Person formed by or surviving any such consolidation, amalgamation or merger (if other than the Company) or to which such sale, assignment, transfer, conveyance or other disposition has been made is organized
and validly existing under the laws of the U.S., any state of the U.S. or the District of Columbia or under the laws of Canada or any province thereof, any member state of the European Union as in effect on the Issue Date, Bermuda, Cayman Islands,
any Channel Island or Switzerland (provided that if such entity is not a corporation, a co-obligor of the Notes is a corporation); 

(ii)    the Person formed by or surviving any such consolidation, amalgamation or merger (if other than the
Company) or the Person to which such sale, assignment, transfer, conveyance or other disposition has been made expressly assumes all the obligations of the Company under the Notes, this Indenture and the applicable Collateral Documents pursuant to
agreements reasonably satisfactory to the Trustee; 
 (iii)    immediately after such transaction, no
Default or Event of Default exists; 
 (iv)    either (a) the Company 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, conveyance or other disposition has been made shall, on the date of such transaction after giving pro forma effect
thereto and any related financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set
forth in Section 4.9(a) hereof or (b) the Company 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, conveyance or other disposition
has been made would, on the date of such transaction after giving pro forma effect thereto and any related financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, have a Fixed Charge Coverage
Ratio for such Person and its Restricted Subsidiaries that would be equal to or greater than such ratio for such Person and its Restricted Subsidiaries immediately prior to such action; and 

  
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 (v)    the Company has delivered to the Trustee an
Officers’ Certificate stating that such consolidation, amalgamation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, complies with this Article
and that all conditions precedent herein provided for relating to such transaction have been complied with. 

(b)    The Company may not, directly or indirectly, lease all or substantially all of its properties or assets, in one or
more related transactions, to any other Person. 
 (c)    The Company will not permit any Note Guarantor to, directly or
indirectly, (1) consolidate, amalgamate or merge with or into another Person; or (2) sell, assign, transfer, convey or otherwise dispose (collectively, “dispose”) of all or substantially all of its properties or assets, in
one or more related transactions, to another Person unless: 
 (i)    except in the case of a Note
Guarantor (x) that has disposed of all or substantially all of its assets, whether through a merger, amalgamation, consolidation or sale of Capital Stock or assets or (y) that, as a result of the disposition of all or a portion of its
Capital Stock, ceases to be a Subsidiary of the Company, in both cases in compliance with Section 4.14, the resulting, surviving or transferee Person (if not such Note Guarantor) shall expressly assume, by a guarantee agreement and applicable
Collateral Documents in a form reasonably satisfactory to the Trustee, all the obligations of such Note Guarantor under its Note Guarantee; and 

(ii)    immediately after such transaction, no Default or Event of Default exists. 

Notwithstanding the foregoing: (A) any Restricted Subsidiary may consolidate or amalgamate with, merge into or transfer all or part of
its properties and assets to the Company or any Note Guarantor and (B) the Company may merge or amalgamate with an Affiliate of the Company solely for the purpose of reincorporating the Company in another jurisdiction within the United States
of America, any state thereof or the District of Columbia, Canada or any province thereof, any member state of the European Union as in effect on the Issue Date, Bermuda, Cayman Islands, any Channel Island or Switzerland or converting the Company
into a limited liability company organized under the United States of America, any state thereof or the District of Columbia, Canada or any province thereof, any member state of the European Union as in effect on the Issue Date, Bermuda, Cayman
Islands, any Channel Island or Switzerland (provided that a co-obligor of the Notes is a corporation). 

Section 5.2    Successor Substituted. Upon any consolidation of the Company with, or merger or amalgamation of
the Company into, any other Person or any conveyance, transfer or lease of all or substantially all of the properties and assets of the Company in accordance with Section 5.1 hereof, the successor Person formed by such consolidation or into
which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person
had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Notes. 

ARTICLE 6 
 DEFAULT AND REMEDIES

 Section 6.1    Events of Default. Each of the following is an “Event of Default” with
respect to the Notes: 
 (a)    default in the payment of any principal of (including, without
limitation, any premium, if any, on) of the Notes when the same becomes due and payable (whether at maturity, upon a Redemption Date, Change of Control Purchase Date, Purchase Date or otherwise); 

(b)    default in the payment of any interest payable on Notes when the same becomes due and payable and
the Default continues for a period of 30 days; 

  
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 (c)    failure by the Company or any of its Restricted
Subsidiaries 
 (i)    to comply with any of the provisions of Sections 3.8, 3.14 or 4.14 of this
Indenture, which failure remains uncured for 30 days after written notice to the Company from the Trustee or to the Company and the Trustee from the Holders of at least 25% in principal amount of the Notes; or 

(ii)    to comply with the provisions described in Section 5.1 of this Indenture; 

(d)    the Company or any of its Restricted Subsidiaries fails to comply with any of the other covenants
contained in the Notes, the Collateral Documents or this Indenture and the Default continues for 60 days (or 90 days in the case of the provisions of Section 4.3) after written notice to the Company from the Trustee or to the Company and the
Trustee from the Holders of at least 25% in aggregate principal amount of the Notes then outstanding; 

(e)    default under any mortgage, indenture or instrument under which there may be issued or by which
there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by the Company or any of its Restricted Subsidiaries) whether such Indebtedness or
Guarantee now exists, or is created after the date of this Indenture, if that default: 
 (i)    is
caused by a failure to pay principal when due on such Indebtedness within any applicable grace period provided in such Indebtedness (a “Payment Default”); or 

(ii)    results in the acceleration of such Indebtedness prior to its express maturity, and, in each case,
the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $250.0 million or more;

 (f)    failure by the Company or any of its Restricted Subsidiaries to pay final non-appealable judgments aggregating in excess of $250.0 million, which judgments are not paid, discharged, stayed or subject to insurance for a period of 60 days after becoming final; 

(g)    any Note Guarantee by a Significant Subsidiary ceases to be in full force and effect in all material
respects (except as contemplated by the terms thereof) or any Note Guarantor that is a Significant Subsidiary denies or disaffirms such Note Guarantor’s obligations under this Indenture or any Note Guarantee and such Default continues for 10
days after receipt of the notice as specified in this Indenture; 
 (h)    unless such Liens have been
released in accordance with the provisions of the applicable Collateral Documents, liens with respect to all or substantially all of the Collateral cease to be valid or enforceable, or the Company shall assert or any Note Guarantor shall assert, in
any pleading in any court of competent jurisdiction, that any such security interests are invalid or unenforceable and, in the case of any such Note Guarantor, the Company fails to cause such Note Guarantor to rescind such assertions within 30 days
after the Company has actual knowledge of such assertions; 
 (i)    the Company, any Restricted
Subsidiary that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law: 

(i)    commences a voluntary case or proceeding; 

(ii)    consents to the entry of an order for relief against it in an involuntary case or proceeding; 

  
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 (iii)    consents to the appointment of a Custodian of it or
for all or substantially all of its property; or 
 (iv)    makes a general assignment for the benefit of
its creditors; and 
 (j)    a court of competent jurisdiction enters an order or decree under any
Bankruptcy Law that: 
 (i)    is for relief against the Company, any Restricted Subsidiary that is a
Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary in an involuntary case or proceeding; 

(ii)    appoints a Custodian of the Company, any Restricted Subsidiary that is a Significant Subsidiary or
any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company, any Restricted Subsidiary that is a Significant Subsidiary or any group of
Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; or 

(iii)    orders the liquidation of the Company, any Restricted Subsidiary that is a Significant Subsidiary
or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; 
 and in each case the order or decree described
in this clause (j) remains unstayed and in effect for 60 consecutive days. 
 Any notice given pursuant to Section 6.1(d) hereof
must be in writing and must specify the Default, demand that it be remedied and state that the notice is a “Notice of Default.” When any Default under this Section 6.1 is cured, it ceases. 

Section 6.2    Acceleration. If an Event of Default (other than an Event of Default specified in clause
(i) or (j) of Section 6.1 hereof with respect to the Company) with respect to the Notes occurs and is continuing, the Trustee may, by notice to the Company, or the Holders of at least 25% in aggregate principal amount of the Notes then
outstanding may, by notice to the Company and the Trustee, declare all unpaid principal to the date of acceleration on the Notes then outstanding (if not then due and payable) to be due and payable upon any such declaration, and the same shall
become and be immediately due and payable. If an Event of Default specified in clause (i) or (j) of Section 6.1 hereof with respect to the Company occurs, all unpaid principal (including, without limitation, any premium, if any, then
outstanding), and accrued interest, if any, on the Notes then outstanding shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. The Holders of a majority in
aggregate principal amount of Notes then outstanding by notice to the Trustee may rescind an acceleration and its consequences if (a) all existing Events of Default, other than the nonpayment of the principal of Notes which has become due
solely by such declaration of acceleration, have been cured or waived; (b) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (c) all payments due to the Trustee and any predecessor
Trustee under Section 7.7 hereof in respect of the Notes have been made. No such rescission shall affect any subsequent default or impair any right consequent thereto. 

Section 6.3    Other Remedies. If an Event of Default occurs and is continuing in respect of the Notes, the
Trustee may, but shall not be obligated to, pursue any available remedy by proceeding at law or in equity to collect the payment of the principal of or interest on the Notes or to enforce the performance of any provision of such Notes or this
Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Noteholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is
exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 

  
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 Section 6.4    Waiver of Defaults and Events of Default. Subject
to Sections 6.7 and 9.2 hereof, the Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may waive an existing Default or Event of Default and its consequences, except a Default or Event of
Default in the payment of the principal of, premium, if any, or interest on any Notes when due or any Default or Event of Default in respect of any provision of this Indenture or the Notes which, under Section 9.2 hereof, cannot be modified or
amended without the consent of the Holder of each Note affected (with respect to any Notes held by a non-consenting Holder). When a Default or Event of Default is waived, it is cured and ceases. 

Section 6.5    Control by Majority. The Holders of a majority in aggregate principal amount of the Notes then
outstanding may direct the time, method and place of conducting any proceeding for exercising any remedy or power available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that
it determines, in consultation with its counsel conflicts with law or this Indenture, that the Trustee determines may be unduly prejudicial to the rights of another Holder of Notes or the Trustee, or that may involve the Trustee in personal
liability unless the Trustee is offered indemnity satisfactory to it; provided, however, that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. 

Section 6.6    Limitations on Suits. A Holder may not pursue any remedy with respect to this Indenture or the
Notes (except actions for payment of overdue principal, premium, if any, or interest) unless: 

(a)    the Holder gives to the Trustee written notice of a continuing Event of Default; 

(b)    the Holders of at least 25% in aggregate principal amount of the then outstanding Notes make a
written request to the Trustee to pursue the remedy; 
 (c)    such Holder or Holders offer to the
Trustee reasonable indemnity satisfactory to the Trustee against any loss, liability or expense; 

(d)    the Trustee does not comply with the request within 60 days after receipt of the request and the
offer of indemnity; and 
 (e)    no direction inconsistent with such written request has been given to
the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Notes. 

Section 6.7    Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture,
with respect to the Notes, the contractual right of any Holder of a Note to receive payment of the principal of, or interest on such Note, on or after the respective due dates expressed in such Note and this Indenture and to bring suit for the
enforcement of any such payment on or after such respective dates, is absolute and unconditional and shall not be impaired or affected without the consent of the Holder. 

Section 6.8    Collection Suit by Trustee. If an Event of Default in the payment of principal or interest
specified in clause (a) or (b) of Section 6.1 hereof occurs and is continuing with respect to the Notes, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company or another obligor on the
Notes for the whole amount of principal and accrued interest remaining unpaid, together with, to the extent that payment of such interest is lawful, interest on overdue principal and overdue installments of interest, in each case at a rate equal to
the interest rate then in effect on such Note and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel. 
 Section 6.9    Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and
other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel)

  
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and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor on the Notes), its creditors or its property and shall be entitled and empowered to collect and
receive any money or other property payable or deliverable on any such claims and to distribute the same, and any Custodian 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 to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any
other amounts due the Trustee under Section 7.7 hereof, and to the extent that such payment of the reasonable compensation, expenses, disbursements and advances in any such proceedings shall be denied for any reason, payment of the same shall
be secured by a lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other property which the Holders may be entitled to receive in such proceedings, whether in liquidation or under any plan of
reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to, or, on behalf of any Holder, to authorize, accept or adopt any plan of reorganization, arrangement, adjustment
or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.10    Priorities. If the Trustee collects any money pursuant to this Article 6, including upon
realization of the Collateral, but subject to the First Lien Intercreditor Agreement, it shall pay out the money in the following order: 

First, to the Trustee for amounts due under Section 7.7 hereof; 

Second, to Holders for amounts due and unpaid on the Notes for principal and interest ratably, without preference or
priority of any kind, according to the amounts due and payable on such Notes for principal and interest respectively; and 

Third, to the extent of any excess of such proceeds to the payment to or upon the order of the applicable Grantor or to
whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 
 The Trustee may fix a record
date and payment date for any payment to Holders pursuant to this Section 6.10. 

Section 6.11    Undertaking for Costs. In any suit for the enforcement of any right or remedy under this
Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its
discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This
Section 6.11 does not apply to a suit made by the Trustee, a suit by a Holder pursuant to Section 6.7 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the Notes then outstanding. 

ARTICLE 7 
 TRUSTEE 

Section 7.1    Duties of Trustee. 

(a)    If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers
vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

(b)    Except during the continuance of an Event of Default: 

(A)    the Trustee need perform only those duties as are specifically set forth in this Indenture and no
others; and 

  
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 (B)    in the absence of bad faith on its part, the Trustee
may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. The Trustee, however, shall
examine any certificates and opinions which by any provision hereof are specifically required to be delivered to the Trustee to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the
accuracy of mathematical calculations or other facts stated therein). 
 (c)    The Trustee may not be relieved from
liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(A)    this paragraph does not limit the effect of subsection (b) of this Section 7.1; 

(B)    the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer,
unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (C)    the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5 hereof. 

(d)    No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers unless the Trustee shall have received satisfactory indemnity in its opinion against potential costs and liabilities incurred by
it relating thereto. 
 (e)    Every provision of this Indenture that in any way relates to the Trustee is subject to
subsections (a), (b), (c) and (d) of this Section 7.1. 
 (f)    The Trustee shall not be liable for interest
on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

Section 7.2    Rights of Trustee. Subject to Section 7.1 hereof: 

(a)    The Trustee may rely conclusively on any document believed by it to be genuine and to have been
signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(b)    Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an
Opinion of Counsel (or both), which shall conform to Section 11.4(b) hereof. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. 

(c)    The Trustee may act through its agents and shall not be responsible for the misconduct or negligence
of any agent appointed with due care. 
 (d)    The Trustee shall not be liable for any action it takes
or omits to take in good faith which it believes to be authorized or within its rights or powers. 

(e)    The Trustee may consult with counsel of its selection, and the advice or opinion of such counsel as
to matters of law shall be full and complete authorization and protection in respect of any such action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 

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

  
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 (g)    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 sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(h)    The Trustee shall not be deemed to have notice of any Default or Event of Default unless written
notice of any event which is in fact such a default is received by a responsible Trust Officer of the Trustee at the Corporate Trust Office, and such notice references the Notes and this Indenture. The Trustee shall not be responsible for monitoring
the value of the collateral that is released from the Lien hereunder. 
 (i)    The rights, privileges,
protections, immunities and benefits given to BNY Mellon as Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, BNY Mellon in each of its capacities hereunder, including as Notes
Collateral Agent, and to each agent, custodian and other Person employed to act hereunder. 
 (j)    In
no event shall the Trustee be responsible or liable for special, punitive, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the
likelihood of such loss or damage and regardless of the form of action. 
 (k)    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. 

Section 7.3    Individual Rights of Trustee. The Trustee in its individual or any other capacity may become
the owner or pledgee of Notes and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee is subject to Sections
7.10 and 7.11 hereof. 
 Section 7.4    Trustee’s Disclaimer. The Trustee makes no
representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes, and it shall not be responsible for any statement in the Notes other than its
certificate of authentication. 
 Section 7.5    Notice of Default or Events of Default. If a Default or an
Event of Default occurs and is continuing and if a Trust Officer of the Trustee has received written notice of such Default or Event of Default at its Corporate Trust Office and such notice references the Notes and this Indenture, the Trustee shall
notify each Noteholder of the Default or Event of Default within 90 days after it is known by the Trustee. However, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding
notice is in the interests of Noteholders, except in the case of a Default or an Event of Default in payment of the principal (including premium, if any) of or interest on any Note. 

Section 7.6    [Reserved]. 

  
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 Section 7.7    Compensation and Indemnity. The Company shall pay
to the Trustee from time to time such compensation (as agreed to from time to time by the Company and the Trustee in writing) for its services (which compensation shall not be limited by any provision of law in regard to the compensation of a
trustee of an express trust). The Company shall reimburse the Trustee upon request for all reasonable disbursements, expenses and advances incurred or made by it. Such expenses may include the reasonable compensation, disbursements and expenses of
the Trustee’s agents and counsel. 
 Each of the Company and each Guarantor, jointly and severally, shall indemnify the Trustee or any
predecessor Trustee (which for purposes of this Section 7.7 shall include its officers, directors, employees and agents) for, and hold it harmless against, any and all loss, liability or expense including taxes (other than taxes based upon,
measured by or determined by the income of the Trustee), (including reasonable legal fees and expenses) incurred by it in connection with the acceptance or administration of its duties under this Indenture or any action or failure to act as
authorized or within the discretion or rights or powers conferred upon the Trustee hereunder or thereunder including the reasonable costs and expenses of the Trustee and its counsel in defending itself against any claim or liability in connection
with the exercise or performance of any of its powers or duties hereunder or thereunder. The Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity. The Company need not pay for any
settlement effected without its prior written consent, which shall not be unreasonably withheld. 
 The Company need not reimburse the
Trustee for any expense or indemnify it against any loss or liability determined by a court of competent jurisdiction to have been caused by its own gross negligence or willful misconduct. 

To secure the Company’s payment obligations in this Section 7.7, the Trustee shall have a senior claim to which the Notes are hereby
made subordinate on all money or property held or collected by the Trustee, except such money or property held in trust to pay the principal of and interest on the Notes. The obligations of the Company under this Section 7.7 shall survive the
satisfaction and discharge of this Indenture or the resignation or removal of the Trustee. 
 When the Trustee incurs expenses or renders
services after an Event of Default specified in clause (i) or (j) of Section 6.1 hereof occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law to the extent
permitted by law. The provisions of this Section shall survive the termination of this Indenture. 

Section 7.8    Replacement of Trustee. The Trustee may resign by so notifying the Company. The Holders of a
majority in aggregate principal amount of the Notes then outstanding may remove the Trustee by so notifying the Trustee. The Company may remove the Trustee if: 

(a)    the Trustee fails to comply with Section 7.10 hereof; 

(b)    the Trustee is adjudged a bankrupt or an insolvent; 

(c)    a Custodian or other public officer takes charge of the Trustee or its property; or 

(d)    the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of the Trustee for any reason, the Company shall promptly appoint a
successor Trustee. The resignation or removal of a Trustee shall not be effective until a successor Trustee shall have delivered the written acceptance of its appointment as described below. 

If a successor Trustee does not take office within 45 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company
or the Holders of 10% in principal amount of the Notes then outstanding may petition any court of competent jurisdiction for the appointment of a successor Trustee at the expense of the Company. 

  
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 If the Trustee fails to comply with Section 7.10 hereof, any Holder may petition any court
of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 A successor Trustee shall deliver a
written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after that, the retiring Trustee, upon payment of its charges hereunder, shall transfer all property held by it as Trustee of the Notes to the successor
Trustee and be released from its obligations (exclusive of any liabilities that the retiring Trustee may have incurred while acting as Trustee) hereunder, the resignation or removal of the retiring Trustee shall become effective, and the successor
Trustee shall have all the rights, powers and duties of the Trustee of the Notes under this Indenture. A successor Trustee shall mail notice of its succession to each affected Holder. 

A retiring Trustee shall not be liable for the acts or omissions of any successor Trustee after its succession. 

Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof
shall continue for the benefit of the retiring Trustee. 
 Section 7.9    Successor Trustee by Merger, Etc.
If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust assets (including the administration of this Indenture) to, another corporation, the resulting, surviving or transferee
corporation, without any further act, shall be the successor Trustee, provided such transferee corporation shall qualify and be eligible under Section 7.10 hereof. Such successor Trustee shall promptly mail notice of its succession to
the Company and each affected Holder. 
 Section 7.10    Eligibility; Disqualification. The Trustee shall
always satisfy the requirements of paragraphs (1), (2) and (5) of TIA Section 310(a). The Trustee (or its parent holding company) shall have a combined capital and surplus of at least $50,000,000. If at any time the Trustee shall cease to
satisfy any such requirements, it shall resign immediately in the manner and with the effect specified in this Article 7. The Trustee shall be subject to the provisions of TIA Section 310(b). 

Section 7.11    Preferential Collection of Claims Against the Company. The Trustee shall
comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein. 

Section 7.12    Collateral Documents; Intercreditor Agreements. By their acceptance of the
Notes, the Holders hereby authorize and direct the Trustee and Notes Collateral Agents, as the case may be, to execute and deliver the First Lien Intercreditor Agreement (and any other applicable intercreditor agreements referred to herein from time
to time) and any other Collateral Documents in which the Trustee or the Notes Collateral Agents, as applicable, is named as a party, including any Collateral Documents executed after the Issue Date. It is hereby expressly acknowledged and agreed
that, in doing so, the Trustee and the Notes Collateral Agents are (a) expressly authorized to make the representations attributed to Holders in any such agreements and (b) not responsible for the terms or contents of such agreements, or
for the validity or enforceability thereof, or the sufficiency thereof for any purpose. Whether or not so expressly stated therein, in entering into, or taking (or forbearing from) any action under, the First Lien Intercreditor Agreements (or any
other applicable intercreditor agreements referred to herein from time to time) or any other Collateral Documents, the Trustee and the Notes Collateral Agents each shall have all of the rights, immunities, indemnities and other protections granted
to it under this Indenture (in addition to those that may be granted to it under the terms of such other agreement or agreements). Each of the Holders by acceptance of the Notes agrees that upon the Collateral Agent’s entry into the First Lien
Intercreditor Agreement, the Holders shall be subject to and bound by the provisions of the First Lien Intercreditor Agreement in their capacity as holders of Senior Class Debt and Additional First Lien Secured Parties (as each such term is defined
in the First Lien Intercreditor Agreement). 
 ARTICLE 8 

DEFEASANCE; SATISFACTION AND 

DISCHARGE OF INDENTURE 

Section 8.1    Satisfaction and Discharge of Indenture. This Indenture shall cease to be of further effect
with respect to the Notes and all Note Guarantees and Liens on Collateral the Notes will be released, and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this
Indenture and release of such Guarantees and Liens, when 

  
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 (a)    either 

(i)    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 2.7 hereof and (ii) Notes for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company as provided in
Section 8.5 hereof) have been delivered to the Trustee for cancellation; or 
 (ii)    all Notes not
theretofore delivered to the Trustee for cancellation have become due and payable by reason of the mailing of a notice of redemption or otherwise or will become due and payable within one year and the Company has irrevocably deposited or caused to
be irrevocably deposited cash in U.S. dollars, non-callable Government Securities or a combination thereof with the Trustee or a Paying Agent (other than the Company or any of their Affiliates) as trust funds
in trust for the purpose of and in an amount sufficient, without consideration of any reinvestment of interest, to pay and discharge the entire indebtedness on the Notes not theretofore delivered to the Trustee for cancellation, for principal,
premium, if any, and accrued interest to the date of maturity or redemption, provided that with respect to any redemption that requires the payment of the Applicable Premium, the amount deposited shall be sufficient for purpose of this
Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium calculated by the Company as of the date of the notice of redemption, with any Applicable Premium deficit only required to be deposited with the
Trustee on or prior to the date of redemption; 
 (b)    no Default or Event of Default has occurred and
is continuing on the date of the deposit or will occur as a result of the deposit and the deposit will 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, and as to which the rights of the other parties thereto are senior to those of the Holders; 

(c)    the Company has paid or caused to be paid all other sums payable hereunder by the Company; 

(d)    the Company has delivered irrevocable instructions to the Trustee to apply the deposited money
toward payment of the Notes at maturity or Redemption Date, as the case may be; and 
 (e)    the Company
has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7 hereof
shall survive and, if cash in U.S. dollars, non-callable Government Securities or a combination thereof shall have been deposited with the Trustee pursuant to subclause (ii) of clause (a) of this
Section, the provisions of Sections 2.3, 2.4, 2.5, 2.6, 2.7, 2.12, 4.2 and 7.8, this Article 8 and Section 11.5, shall survive until the Notes have been paid in full. 

Section 8.2    Legal Defeasance. The Company and the Note Guarantors shall be deemed to have paid and will be
discharged from any and all obligations in respect of this Indenture and the Notes and the related Note Guarantees and have Liens on the Collateral securing the Notes released on the date of the deposit referred to in clause (a) of this
Section 8.2, and the provisions of this Indenture shall no longer be in effect (“Legal Defeasance”), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same, except for the
following provisions, which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of outstanding Notes to receive solely from the trust fund described in clause (a) below payments in respect of the
principal of, premium, if any, and interest on the Notes when such payments are due, (ii) the Company’s obligations with respect to the Notes under Article 2 and Section 4.2 hereof, (iii) the rights, powers, trusts, duties,
indemnities and immunities of the Trustee hereunder, including, without limitation, Section 7.7 hereof and the Company’s obligations in connection therewith and (iv) this Section 8.2. Subject to compliance with this

  
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Section 8.2, the Company may exercise its option under this Section 8.2 notwithstanding the prior exercise of its option under Section 8.3 hereof. The following conditions shall
apply to Legal Defeasance: 
 (a)    the Company shall have irrevocably deposited with the Trustee, in
trust, for the benefit of the Holders of the Notes, cash in U.S. dollars, Government Securities, or a combination thereof, in such amounts as shall be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to
pay the principal of, or interest and premium, if any, on the outstanding Notes on the Stated Maturity or on the applicable Redemption Date, as the case may be, and the Company must specify whether the Notes are being defeased to their Stated
Maturity or to a particular Redemption Date; 
 (b)    the Company shall have delivered to the Trustee an
Opinion of Counsel (based on a ruling received from or published by the United States Internal Revenue Service or a change in the applicable U.S. federal income tax law since the date of this Indenture) in the United States reasonably acceptable to
the Trustee to the effect that the beneficial owners 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; 

(c)    the Company shall have delivered to the Trustee either (i) an Opinion of Counsel in Canada
reasonably acceptable to the Trustee to the effect that, based upon Canadian law then in effect and having regard to any applicable proposed amendments thereto which have been publicly announced prior to the date of such defeasance, the beneficial
owners of the outstanding Notes will not recognize income, gain or loss for Canadian federal, provincial or territorial or other tax purposes, as a result of such Legal Defeasance and will be subject to Canadian taxes on the same amounts and in the
same manner and at the same time as would have been the case if such Legal Defeasance had not occurred or (ii) a ruling directed to the Trustee received from tax authorities of Canada to the same effect as the Opinion of Counsel described in
clause (i) above; 
 (d)    no Default or Event of Default shall have occurred and be continuing on
the date of such deposit (other than a Default or an Event of Default resulting from the borrowing of funds to be applied to such deposit); 

(e)    the Legal Defeasance shall not result in a breach or violation of, or constitute a default under,
any material agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; and 

(f)    the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent relating to the Legal Defeasance have been complied with. 
 After any such irrevocable deposit,
the Trustee upon request shall acknowledge in writing the discharge of the Company’s obligations under the Notes and this Indenture except for those surviving obligations in the immediately preceding paragraph. 

Notwithstanding the foregoing, the Opinion of Counsel required by Section 8.2(b) hereof with respect to a Legal Defeasance need not be
delivered if all Notes not theretofore delivered to the Trustee for cancellation (1) have become due and payable or (2) shall become due and payable upon maturity or 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. 

Section 8.3    Covenant Defeasance. The Company may omit to comply with any term, provision or condition set
forth in clause (iv) of Section 5.1(a) hereof, and the Company and its Restricted Subsidiaries may omit to comply with any term, provision or condition set forth in Section 3.8, Section 4.3, Sections 4.8 through 4.17 hereof and
any breach of clauses (c), (d), (e) or (f) of this Section 8.3, or with respect to Significant Subsidiaries only, clauses (i) or (j) under Section 6.1 hereof shall be deemed not to be an Event of Default and all Guarantees and

  
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Liens shall be released on the date of deposit referred to in clause (a) of this Section 8.3 (“Covenant Defeasance”), if in each case: 

(a)    the Company shall have irrevocably deposited with the Trustee, in trust, for the benefit of the
Holders of the Notes, cash in U.S. dollars, Government Securities, or a combination thereof, in such amounts as shall be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, or
interest and premium, if any, on the outstanding Notes on the Stated Maturity or on the applicable Redemption Date, as the case may be, and the Company must specify whether the Notes are being defeased to their Stated Maturity or to a particular
Redemption Date; 
 (b)    the Company shall have delivered to the Trustee an Opinion of Counsel in the
United States reasonably acceptable to such Trustee confirming that the beneficial owners 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 the Covenant Defeasance had not occurred; 

(c)    the Company shall have delivered to the Trustee either (i) an Opinion of Counsel in Canada
reasonably acceptable to the Trustee, to the effect that, based upon Canadian law then in effect and having regard to any applicable proposed amendments thereto which have been public announced prior to the date of such defeasance, the beneficial
owners of the outstanding Notes will not recognize income, gain or loss for Canadian federal, provincial or territorial or other tax purposes, as a result of such Covenant Defeasance and will be subject to Canadian taxes on the same amounts and in
the same manner and at the same time as would have been the case if such Covenant Defeasance had not occurred or (ii) a ruling directed to the Trustee received from tax authorities of Canada to the same effect as the Opinion of Counsel
described in clause (i) above; 
 (d)    no Default or Event of Default shall have occurred and be
continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 

(e)    the Covenant Defeasance shall not result in a breach or violation of, or constitute a default under
any material agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; and 

(f)    the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent relating to the Covenant Defeasance have been complied with. 
 If the funds deposited with the
Trustee to effect Covenant Defeasance are insufficient to pay the principal of and interest on the Notes when due, then the obligations of the Company and the Note Guarantors under this Indenture will be revived and no such defeasance will be deemed
to have occurred. 
 Notwithstanding the foregoing, the Opinion of Counsel required by Section 8.3(b) hereof with respect to a Covenant
Defeasance need not be delivered if all Notes not theretofore delivered to the Trustee for cancellation (1) have become due and payable or (2) shall become due and payable upon maturity or 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. 

Section 8.4    Application of Trust Money. Subject to the provisions of Section 8.5 hereof, the Trustee
or a Paying Agent shall hold in trust, for the benefit of the Holders, all money deposited with it pursuant to Section 8.1, 8.2 or 8.3 hereof and shall apply the deposited money in accordance with this Indenture and the Notes to the payment of
the principal of and interest on the Notes. 

  
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 Section 8.5    Repayment to the Company. The Trustee and each
Paying Agent shall promptly pay to the Company upon request any excess money (i) deposited with them pursuant to Section 8.1, 8.2 or 8.3 hereof and (ii) held by them at any time. 

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

Section 8.6    Reinstatement. If the Trustee or any Paying Agent is unable to apply any money in accordance
with Section 8.5 hereof by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under
this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1, 8.2 or 8.3 hereof until such time as the Trustee or such Paying Agent is permitted to apply all such money or Government
Securities in accordance with Section 8.4 hereof; provided, however, that if the Company has made any payment of the principal of 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 any such payment from the money or Government Securities held by the Trustee or such Paying Agent. 

ARTICLE 9 
 AMENDMENTS,
SUPPLEMENTS AND WAIVERS 
 Section 9.1    Without Consent of Holders. The Company and the Trustee may
amend or supplement this Indenture and any Collateral Document with respect to the Notes without notice to or consent of any Holder of Notes: 

(a)    to comply with Section 5.1 hereof; 

(b)    to cure any ambiguity, defect or inconsistency; 

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

(d)    to provide for the assumption of the Company’s or any Note Guarantor’s obligations to
Holders of Notes in the case of a consolidation or merger or sale of all or substantially all of the Company’s or a Note Guarantor’s assets; 

(e)    to make any change that would provide any additional rights or benefits to the Holders of Notes or
that does not adversely affect the legal rights under this Indenture of any such Holder of Notes; 

(f)    to comply with requirements of the SEC in order to effect or maintain the qualification of this
Indenture under the TIA; 
 (g)    to conform the text of this Indenture, the Notes, the Note Guarantees
or the Collateral Documents to any provision of the section of the Offering Memorandum dated October 2, 2017 captioned “Description of the Notes”; 

(h)    to provide for the issuance of Additional Notes in accordance with the limitations set forth in this
Indenture as of the date hereof; 

  
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 (i)    to add additional Note Guarantees with respect to the
Notes or to confirm and evidence the release, termination or discharge of any Note Guarantee with respect to such Notes when such release, termination or discharge is permitted under this Indenture; 

(j)    to secure the Notes or the Note Guarantees or to add additional assets as Collateral; 

(k)    to release Collateral from the Lien pursuant to this Indenture, the Collateral Documents and the
First Lien Intercreditor Agreement when permitted or required by this Indenture, the Collateral Documents or the First Lien Intercreditor Agreement; or 

(l)    to appoint a successor Trustee. 

In addition, the Company, the Trustee and the Collateral Agents may amend the First Lien Intercreditor Agreement and the Collateral Documents
to provide for the addition of any creditors or obligations to such agreements to the extent a pari passu lien for the benefit of such creditor is permitted by the terms of this Indenture and may enter into an intercreditor agreement with
creditors for whom a junior lien on the Collateral is to be granted, provided the Company delivers an Officers’ Certificate to the Trustee and Collateral Agent certifying that the terms thereof are customary and that the Trustee and the
Collateral Agent are authorized to enter into an intercreditor agreement. Upon delivery of the aforementioned Officers’ Certificate, the Trustee and the Collateral Agent may request an opinion of counsel stating that they are authorized to
enter into an intercreditor agreement. 
 Section 9.2    With Consent of Holders. The Company and the
Trustee may amend or supplement this Indenture, the Notes and the Collateral Documents with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding (including, without limitation,
consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes). The Holders of at least a majority in aggregate principal amount of the Notes then outstanding may waive compliance in a particular instance by the
Company with any provision of this Indenture, such Notes or the Collateral Documents without notice to any Holder (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, the Notes).
However, notwithstanding the foregoing but subject to Section 9.4 hereof, without the written consent of each Holder of Notes affected hereby, an amendment, supplement or waiver, including a waiver pursuant to Section 6.4 hereof, may not
(with respect to any Notes held by a non-consenting Holder): 

(a)    reduce the principal amount of such Notes whose Holders must consent to an amendment, supplement or
waiver; 
 (b)    reduce the principal of or change the Stated Maturity of any such Note or alter the
provisions with respect to the redemption of such Notes (excluding, for the avoidance of doubt, provisions relating to Sections 3.8, 3.14 and 4.14); 

(c)    reduce the rate of or change the time for payment of interest on any such Note; 

(d)    make any such Note payable in money other than U.S. dollars; 

(e)    make any change in the provisions of this Indenture relating to waivers of past Defaults or the
rights of Holders of such Notes to receive payments of principal of, or interest or premium, if any, on such Notes; 

(f)    waive a redemption payment with respect to any such Note (excluding, for the avoidance of doubt, a
payment required by Sections 3.8, 3.14 and 4.14); 
 (g)    impair the right to institute suit for the
enforcement of any payment on or with respect to such Notes; 
 (h)    modify the Note Guarantees with
respect to such Notes in any manner adverse to the Holders of such Notes; or 

  
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 (i)    make any change in the preceding amendment and waiver
provisions with respect to the Notes; 
 provided that the written consent of the Holders of at least a majority in aggregate principal amount of the
Notes then outstanding shall be required. 
 In addition, without the consent of Holders of at least
66 2⁄3% in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer
or exchange offer for, Notes), (i) except as set forth in Section 10.5, no amendment or supplement may release the Note Guarantees with respect to the Notes and (ii) no amendment or supplement may modify any Collateral Documents or the
provisions in this Indenture dealing with Collateral or the Collateral Documents to the extent that such amendment or supplement would have the effect of releasing all or substantially all of the Liens securing the Notes (except as permitted by the
terms of this Indenture and the Collateral Documents) or change or alter the priority of the security interests in the Collateral (unless otherwise expressly permitted hereunder). 

It shall not be necessary for the consent of the Holders under this Section 9.2 to approve the particular form of any proposed amendment,
supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 

Section 9.3    Notice of Amendment, Supplement or Waiver. After an amendment, supplement or waiver under
Section 9.1 or Section 9.2 becomes effective, the Company shall mail to the Holders affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such amendment, supplement or waiver. 

Section 9.4    Revocation and Effect of Consents. Until an amendment, supplement or waiver becomes effective,
a consent to it by a Holder is a continuing consent by the Holder and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note.
However, any such Holder or subsequent Holder may revoke the consent as to its Note or portion of a Note if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes effective. 

After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless it makes a change described in any of clauses
(a) through (i) of Section 9.2 hereof. In that case the amendment, supplement or waiver shall bind each Holder of a Note who has consented to it and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the
consenting Holder’s Note. 
 Section 9.5    Notation on or Exchange of Notes. If an amendment,
supplement or waiver changes the terms of a Note, the Trustee may require the Holder of the Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note about the changed terms and return it to the Holder.
Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Note shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. 

Section 9.6    Trustee to Sign Amendments, Etc. The Trustee shall sign any amendment or supplemental indenture
authorized pursuant to this Article 9 if the amendment or supplemental indenture does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, in its sole discretion, but need not sign it. In
signing or refusing to sign such amendment or supplemental indenture, the Trustee shall be provided with and, subject to Section 7.1 hereof, shall be fully protected in relying upon, an Opinion of Counsel and an Officers’ Certificate
stating that such amendment or supplemental indenture is authorized or permitted by this Indenture and all conditions precedent in this Indenture to such execution have been complied with. The Company may not sign an amendment or supplemental
indenture until its Board of Directors approves it in writing. 
 Section 9.7    Effect of Supplemental
Indentures. Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of
Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

  
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 ARTICLE 10 

NOTE GUARANTEES 

Section 10.1    Note Guarantees. 

(a)    Each of the Note Guarantors, jointly and severally, hereby unconditionally Guarantees (and subject in each case to
the Agreed Guarantee Principles set forth in any notation of Note Guarantee, supplemental indenture, or as contemplated by Section 4.15 hereof) to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its
successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Company hereunder or thereunder that: (i) the due and punctual payment of principal, premium and interest on the
Notes shall be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, (ii) the due and punctual payment of interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other
obligations of the Company to the Holders or the Trustee under this Indenture or any Note shall be promptly paid in full or performed, all in accordance with the terms hereof and thereof, and (iii) in case of any extension of time of payment or
renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration pursuant to Section 6.2
hereof or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Note Guarantors shall be jointly and severally obligated to pay the same immediately. Each Note Guarantor shall agree
that this is a Guarantee of payment and not a Guarantee of collection. 
 (b)    Each of the Note Guarantors hereby
agrees that its obligations with regard to its Guarantee shall be joint and several, unconditional, irrespective of the validity or enforceability of the Notes or the obligations of the Company under this Indenture, the absence of any action to
enforce the same, the recovery of any judgment against the Company or any other obligor with respect to this Indenture, the Notes or the obligations of the Company under this Indenture or the Notes, any action to enforce the same or any other
circumstances (other than complete performance) which might otherwise constitute a legal or equitable discharge or defense of a Note Guarantor. Each Note Guarantor further, to the extent permitted by law, hereby waives and relinquishes all claims,
rights and remedies accorded by applicable law to guarantors and agrees not to assert or take advantage of any such claims, rights or remedies, including but not limited to: (i) any right to require any of the Trustee, the Holders or the
Company (each a “Benefited Party”), as a condition of payment or performance by such Note Guarantor, to (A) proceed against the Company, any other guarantor (including any other Note Guarantor) of the obligations under the Note
Guarantees or any other person, (B) proceed against or exhaust any security held from the Company, any such other guarantor or any other person, (C) proceed against or have resort to any balance of any deposit account or credit on the
books of any Benefited Party in favor of the Company or any other person, or (D) pursue any other remedy in the power of any Benefited Party whatsoever; (ii) any defense arising by reason of the incapacity, lack of authority or any
disability or other defense of the Company including any defense based on or arising out of the lack of validity or the unenforceability of the obligations under the Note Guarantees or any agreement or instrument relating thereto or by reason of the
cessation of the liability of the Company from any cause other than payment in full of the obligations under the Note Guarantees; (iii) any defense based upon any statute or rule of law which provides that the obligation of a surety must be
neither larger in amount nor in other respects more burdensome than that of the principal; (iv) any defense based upon any Benefited Party’s errors or omissions in the administration of the obligations under the Note Guarantees, except
behavior which amounts to bad faith; (v) (A) any principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms of the Note Guarantees and any legal or equitable discharge of such Note Guarantor’s
obligations hereunder and under its Note Guarantee, (B) the benefit of any statute of limitations affecting such Note Guarantor’s liability hereunder and under its Note Guarantee or the enforcement hereof and thereof, (C) any rights
to set-offs, recoupments and counterclaims and (D) promptness, diligence and any requirement that any Benefited Party protect, secure, perfect or insure any security interest or lien or any property
subject thereto; (vi) notices, demands, presentations, protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance of the Note Guarantees, notices of default under the Notes or any agreement or
instrument related thereto, notices of any renewal, extension or modification of the obligations under the Note Guarantees or any agreement related thereto, and notices of any 

  
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extension of credit to the Company and any right to consent to any thereof; (vii) to the extent permitted under applicable law, the benefits of any “One Action” rule; and
(viii) any defenses or benefits that may be derived from or afforded by law which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms of the Note Guarantees. Except as set forth in Section 10.5,
each Note Guarantor covenants that its Note Guarantee shall not be discharged except by complete performance of the obligations contained in its Note Guarantee and this Indenture. 

(c)    If any Holder or the Trustee is required by any court or otherwise to return to the Company, the Note Guarantors or
any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Note Guarantors, any amount paid to either the Trustee or such Holder, any Guarantee, to the extent theretofore discharged, shall be
reinstated in full force and effect. 
 (d)    Each Note Guarantor agrees that it shall not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Note Guarantor shall further agree that, as between the Note Guarantors, on the one hand, and the
Holders and the Trustee, on the other hand, (i) the maturity of the obligations guaranteed hereby may be accelerated as provided in Section 6.2 hereof for the purposes of any Guarantee, notwithstanding any stay, injunction or other
prohibition preventing such acceleration in respect of the obligations guaranteed hereby and (ii) in the event of any declaration of acceleration of such obligations as provided in Section 6.2 hereof, such obligations (whether or not due
and payable) shall forthwith become due and payable by the Note Guarantors for the purpose of any such Guarantee. The Note Guarantors shall have the right to seek contribution from any non-paying Note
Guarantor so long as the exercise of such right does not impair the rights of the Holders under the applicable Guarantee. 

Section 10.2    Execution and Delivery of Note Guarantees. To evidence its Guarantee set forth in
Section 10.1 hereof, each Note Guarantor hereby agrees that a notation of such Note Guarantee substantially in the form of Exhibit B hereto (as modified to reflect Agreed Guarantee Principles to the extent contemplated
by Section 4.15) or, in the case of a Note Guarantor organized under the laws of Canada or any province or territory thereof, a Canadian Note Guarantee, shall be endorsed by an officer of such Note Guarantor, which notation shall be applicable
to each Note authenticated and delivered by the Trustee, and that this Indenture shall be executed on behalf of such Note Guarantor by any of its Officers. Each of the Note Guarantors, jointly and severally, hereby agrees that its Guarantee set
forth in Section 10.1 hereof shall remain in full force and effect notwithstanding any failure to endorse a notation of such Note Guarantee. If an officer or Officer whose signature is on this Indenture or on the Note Guarantee of a Note
Guarantor no longer holds that office at the time the Trustee authenticates a Note, the Note Guarantee of such Note Guarantor shall be valid nevertheless. The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall
constitute due delivery of the Note Guarantees set forth in this Indenture on behalf of the Note Guarantors. 

Section 10.3    Limitation on Note Guarantor Liability. Each Note Guarantor confirms, and by its acceptance of
Notes, each Holder hereby confirms, that it is the intention of all such parties that any Guarantee of such Note Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar applicable law to the extent applicable to any Note Guarantee. To effectuate the foregoing intention, the Trustee and the Holders irrevocably agree, and the Note Guarantors irrevocably agree, that the
obligations of such Note Guarantor under this Article 10 shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Note Guarantor that are relevant under such
laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Note Guarantor in respect of the obligations of such other Note Guarantor under this Article 10, result in the
obligations of such Note Guarantor under its Note Guarantee not constituting a fraudulent transfer or conveyance. 

Section 10.4    Merger and Consolidation of Note Guarantors. 

(a)    In case of any sale or other disposition, consolidation, amalgamation, merger, sale or conveyance and upon the
assumption by the successor person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Note Guarantee endorsed upon the Notes and the due and punctual performance of all of the covenants
and conditions of this Indenture to be performed by the Note Guarantor, such successor person shall succeed to and be substituted for the Note Guarantor with the same effect as if it had been 

  
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named herein as a Note Guarantor. Such successor person thereupon may cause to be signed any or all of the Note Guarantees to be endorsed upon all of the Notes available hereunder which
theretofore shall not have been signed by the Company and delivered to the Trustee. All the Note Guarantees so issued shall in all respects have the same legal rank and benefit under this Indenture as the Note Guarantees theretofore and thereafter
issued in accordance with the terms of this Indenture as though all of such Note Guarantees had been issued at the date of the execution hereof. 

(b)    Except as set forth in Articles 4 and 5 hereof, and notwithstanding clause (a) of this Section 10.4,
nothing contained in this Indenture or in any of the Notes shall prevent any consolidation, amalgamation or merger of a Note Guarantor with or into the Company or another Note Guarantor, or shall prevent any sale or conveyance of the property of a
Note Guarantor as an entirety or substantially as an entirety to the Company or another Note Guarantor. 

Section 10.5    Release. 

(a)    In the event (i) of a sale or other disposition of all or substantially all of the assets of any Note
Guarantor, by way of merger, amalgamation, consolidation or otherwise, or a sale or other disposition of all the Equity Interests of any Note Guarantor, then held by the Company and its Restricted Subsidiaries to a person that is not (either before
or after giving effect to such transactions) a Subsidiary of the Company, in each case so long as such sale or other disposition is permitted by this Indenture, including without limitation Section 4.14 hereof, (ii) of a designation by the
Company of any Restricted Subsidiary that is a Note Guarantor as an Unrestricted Subsidiary in accordance with the definition thereof or in the event that such Note Guarantor ceases to be a Restricted Subsidiary in accordance with the provisions of
this Indenture, (iii) in the case of any Guarantee issued on the Issue Date, upon the release or discharge of the Guarantee by such Note Guarantor in respect of the Credit Agreement, and in any other case upon the release or discharge of any
Guarantee in respect of any Indebtedness that resulted in the issuance after the Issue Date of the Note Guarantee by such Note Guarantor or (iv) the Company discharges the Notes and its Obligations under this Indenture under Section 8.1 or
exercises its legal or covenant defeasance options under Section 8.2 or 8.3, respectively, with respect to the Notes, such Note Guarantor shall be released and relieved of any obligations under its Note Guarantee without any further action
being required by the Trustee or any Holder. If the Company discharges this Indenture under Section 8.1 or exercises its legal or covenant defeasance options under Section 8.2 or 8.3, each Note Guarantor shall be released and relieved
of any obligations under its Note Guarantee without any further action being required by the Trustee or any Holder. 

(b)    Upon delivery by the Company to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the
effect that such sale or other disposition was made by the Company in accordance with the provisions of this Indenture, including without limitation Sections 4.8 and 4.14 hereof, the Trustee shall execute any documents reasonably required in order
to evidence the release of any Note Guarantor from its obligations under its Guarantee. 
 (c)    Any Note Guarantor not
released from its obligations under its Note Guarantee shall remain liable for the full amount of principal of and interest on the Notes and for the other obligations of any Note Guarantor under this Indenture as provided in this Article 10. 

ARTICLE 11 
 MISCELLANEOUS 

Section 11.1    Certain Trust Indenture Act Sections. The Company shall comply with Sections 314(a)(4), 314(c)
and 314(e) of the TIA. No other provision of the TIA shall apply except where otherwise specifically provided. 

Section 11.2    Notices. Any demand, authorization notice, request, consent or communication shall be given in
writing and delivered in person or mailed by first-class mail, postage prepaid, addressed as follows or 

  
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transmitted by facsimile transmission (confirmed by delivery in person or mail by first-class mail, postage prepaid, or by guaranteed overnight courier) to the following facsimile numbers: 

If to the Company, to: 
 Valeant
Pharmaceuticals International, Inc. 
 400 Somerset Corporate Boulevard 

Bridgewater, NJ 08807 

Attention: Corporate Secretary 

Facsimile No.: (949) 461-6661 

With a copy to: 
 Davis
Polk & Wardwell LLP 
 450 Lexington Avenue 

New York, New York 10017 

Attention: Michael Kaplan 

Facsimile No.: (212) 701-5111 

If to the Trustee, to: 
 The
Bank of New York Mellon 
 101 Barclay Street, Floor 7E 

New York, New York 10286 
 Attn:
Corporate Trust Administration 
 Facsimile No.: (212) 815-5366 

If to the Notes Collateral Agent, to: 

The Bank of New York Mellon 

101 Barclay Street, Floor 7E 

New York, New York 10286 
 Attn:
Corporate Trust Administration 
 Facsimile No.: (212) 815-5366 

The Bank of New York Mellon, London Branch 

101 Barclay Street, Floor 7E 

New York, New York 10286 
 Attn:
Corporate Trust Administration 
 Facsimile No.: (212) 815-5366 

BTA Institutional Services Australia Limited 

101 Barclay Street, Floor 7E 

New York, New York 10286 
 Attn:
Corporate Trust Administration 
 Facsimile No.: (212) 815-5366 

BNY Mellon Corporate Trustee Services Limited 

101 Barclay Street, Floor 7E 

New York, New York 10286 
 Attn:
Corporate Trust Administration 
 Facsimile No.: (212) 815-5366 

Lord Securities Corporation 

48 Wall Street, 27th Floor 
 New
York, New York 10005 
 Attn: General Counsel 

Facsimile No.: (212) 348-9012 

  
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 Such notices or communications shall be effective when received. 

The Company, the Notes Collateral Agent or the Trustee by notice to the other may designate additional or different addresses for subsequent
notices or communications. 
 Any notice or communication mailed to a Holder shall be mailed by first-class mail or delivered by an
overnight delivery service to it at its address shown on the register kept by the Registrar. 
 Failure to mail a notice or communication to
a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication to a Holder is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 

The Trustee and the Notes Collateral Agent agree to accept and act upon instructions or directions pursuant to this Indenture sent by
unsecured e-mail, facsimile transmission or other similar unsecured electronic methods (including pdf files). If the party elects to give the Trustee or the applicable Notes Collateral Agent e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee or the Notes Collateral Agent, as applicable, in its discretion elects to act upon such instructions, the
Trustee’s or the Notes Collateral Agent’s, as the case may be, understanding of such instructions shall be deemed controlling. Neither the Trustee nor the applicable Notes Collateral Agent shall be liable for any losses, costs or expenses
arising directly or indirectly from such party’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic
instructions agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee or the applicable Notes Collateral Agent, as the case may be, including without limitation the risk of the
Trustee or the Notes Collateral Agent acting on unauthorized instructions, and the risk or interception and misuse by third parties. 

Notwithstanding anything to the contrary contained herein, as long as the Notes are in the form of a Global Note, notice to the Holders of
such Notes may be made electronically in accordance with procedures of the Depositary. 

Section 11.3    Communications by Holders With Other Holders. Noteholders may communicate pursuant to TIA
Section 312(b) with other Noteholders with respect to their rights under this Indenture or the Notes. The Company, the Trustee, the Registrar and any other person shall have the protection of TIA Section 312(c). 

Section 11.4    Certificate and Opinion of Counsel as to Conditions Precedent. 

(a)    Upon any request or application by the Company to the Trustee to take any action under this Indenture other than the
initial issuance of the Notes and the Note Guarantees, the Company shall furnish to the Trustee at the request of the Trustee: 

(A)    an Officers’ Certificate stating that, in the opinion of the signers, all conditions precedent
(including any covenants, compliance with which constitutes a condition precedent), if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(B)    an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent
(including any covenants, compliance with which constitutes a condition precedent) have been complied with. 

(b)    Each Officers’ Certificate and Opinion of Counsel with respect to compliance with a condition or covenant
provided for in this Indenture shall include: 
 (A)    a statement that the person making such
certificate or opinion has read such covenant or condition; 
 (B)    a brief statement as to the nature
and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

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

(D)    a statement as to whether or not, in the opinion of such person, such condition or covenant has been
complied with; 
 provided, however, that with respect to matters of fact an Opinion of Counsel may rely on an Officers’ Certificate or
certificates of public officials. 
 Section 11.5    Record Date for Vote or Consent of Holders. The Company
(or, in the event deposits have been made pursuant to Section 8.1, 8.2 or 8.3 hereof, the Trustee) may set a record date for purposes of determining the identity of Holders of Notes entitled to vote or consent to any action by vote or consent
authorized or permitted under this Indenture, which record date shall not be more than thirty (30) days prior to the date of the commencement of solicitation of such action. Notwithstanding the provisions of Section 9.4 hereof, if a record
date is fixed, those persons who were Holders of Notes at the close of business on such record date (or their duly designated proxies), and only those persons, shall be entitled to take such action with respect to the Notes by vote or consent or to
revoke any vote or consent previously given, whether or not such persons continue to be Holders of Notes after such record date. 

Section 11.6    Rules by Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules (not
inconsistent with the terms of this Indenture) for action by or at a meeting of Holders. Any Registrar or Paying Agent may make reasonable rules for its functions. 

Section 11.7    Legal Holidays. A “Legal Holiday” is a Saturday, Sunday, or a day on which
state or federally chartered banking institutions in New York, New York, Montreal, Canada or, if applicable, the state in which the Corporate Trust Office is located are not required to be open. If a payment date, including any Redemption Date,
Purchase Date, Change of Control Purchase Date and Final Maturity Date, is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period on such payment. If an
interest record date is a Legal Holiday, the record date shall not be affected. 
 Section 11.8    Governing
Law; Submission to Jurisdiction; Waiver of Jury Trial. 
 (a)    Unless specifically noted herein, this Indenture and
the Notes shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to principles of conflicts of laws. 

(b)    The Company irrevocably submits to the non-exclusive jurisdiction of any
New York State or United States Federal court sitting in The City of New York over any suit, action or proceeding arising out of or relating to this Indenture. The Company irrevocably waives, to the fullest extent permitted by law, any objection
which it may now or hereafter have to the laying of venue of any such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. 

(c)    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 INDENTURE, THE NOTES, OR THE TRANSACTION CONTEMPLATED HEREBY. 

Section 11.9    No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret
another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

  
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 Section 11.10    No Recourse Against Others. All liability
described in paragraph 13 of the Form of the Notes attached hereto as Exhibit A of any director, officer, employee or shareowner, as such, of the Company or any Note Guarantor is waived and released. 

Section 11.11    Successors. All agreements of the Company in this Indenture and the Notes shall bind their
successors. All agreements of the Trustee in this Indenture shall bind its successor. 

Section 11.12    Multiple Counterparts. The parties may sign multiple counterparts of this Indenture. Each
signed counterpart shall be deemed an original, but all of them together represent the same agreement. 

Section 11.13    Separability. In case any provisions in this Indenture or in the Notes shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 11.14    Table of Contents, Headings, etc. The table of contents and headings of the Articles and
Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 11.15    Calculations in Respect of the Notes. The Company shall make all calculations under this
Indenture and the Notes in good faith. In the absence of manifest error, such calculations shall be final and binding on all Holders. The Company shall provide a copy of such calculations to the Trustee as required hereunder. 

Section 11.16    Agent for Service and Waiver of Immunities. By the execution and delivery of this Indenture,
the Company and each Note Guarantor that is not a Domestic Subsidiary, within 10 days of becoming a Note Guarantor that is not a Domestic Subsidiary, as applicable, will (i) acknowledge that they will designate and appoint Valeant
Pharmaceuticals North America LLC, 400 Somerset Corporate Boulevard, Bridgewater, New Jersey 08807, or another Person satisfactory to the Trustee (the “Authorized Agent”), as their authorized agent upon whom process may be served in
any suit or proceeding arising out of or relating to this Indenture or the Notes that may be instituted in any federal or state court in the State of New York or brought under federal or state securities laws, and acknowledge that the Authorized
Agent has accepted such designation, (ii) submit to the jurisdiction of any such court in any such suit or proceeding, and (iii) agree that service of process upon the Authorized Agent and written notice of said service to the Company or
the Note Guarantor that is not a Domestic Subsidiary, as applicable, in accordance with Section 11.2 shall be deemed effective service of process in any such suit or proceeding. The Company and each Note Guarantor that is not a Domestic
Subsidiary further agrees to take any reasonable action, including the execution and filing of any and all such documents and instruments, as may be necessary to continue such designation and appointment of the Authorized Agent in full force and
effect so long as any of the Notes shall be outstanding; provided, however, that the Company and each Note Guarantor that is not a Domestic Subsidiary, as applicable, may, by written notice to the Trustee, designate such additional or
alternative agent for service of process under this Section 11.16 that (i) maintains an office located in the Borough of Manhattan, The City of New York, in the State of New York, (ii) is either (x) counsel for the Company or
such Note Guarantor, as applicable or (y) a corporate service company which acts as agent for service of process for other persons in the ordinary course of its business and (iii) agrees to act as agent for service of process in accordance
with this Section 11.16. Such written notice shall identify the name of such agent for process and the address of the office of such agent for process in the Borough of Manhattan, The City of New York, State of New York. Upon the written
request of any Holder, the Trustee shall deliver a copy of such notice to such Holder. 

Section 11.17    Judgment Currency. The Company and each Note Guarantor shall indemnify each Holder and each
Person, if any, who controls any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act against any loss incurred by such party as a result of any judgment or order being given or made against the
Company or any Note Guarantor for any U.S. dollar amount due under this Indenture and such judgment or order being expressed and paid in a currency (the “Judgment Currency”) other than U.S. dollars and as a result of any variation
as between (i) the rate of exchange at which the U.S. dollar amount is converted into the Judgment Currency for the purpose of such judgment or order and (ii) the spot rate of exchange in The City of New York at which such party on
the date of payment of such judgment or order is able to purchase U.S. dollars with the amount of the Judgment Currency actually received by such party if such party had utilized such amount of 

  
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Judgment Currency to purchase U.S. dollars upon such party’s receipt thereof. The foregoing indemnity shall continue in full force and effect notwithstanding any such judgment or order as
aforesaid. The term “spot rate of exchange” shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, U.S. dollars. 

Section 11.18    Foreign Currency Equivalent. For purposes of determining compliance with any U.S.
dollar-denominated restriction or amount, the U.S. dollar equivalent principal amount of any amount denominated in a foreign currency will be the Dollar Equivalent calculated on the date the Indebtedness was incurred or other transaction was entered
into; provided that if any Permitted Refinancing Indebtedness denominated in a currency other than U.S. dollars is incurred to refinance Indebtedness denominated in the same currency, and such refinancing would cause the applicable U.S.
dollar-denominated restriction to be exceeded if calculated on the date of such refinancing, such Permitted Refinancing Indebtedness shall be deemed not to exceed the principal amount of such Indebtedness being refinanced. Notwithstanding any other
provision in this Indenture, no restriction or amount will be exceeded solely as a result of fluctuations in the exchange rate of currencies. 

Section 11.19    Usury Savings Clause. If any provision of this Indenture or any Note would obligate the
Company to make any payment of or on account of interest or other amount in an amount or calculated at a rate which would result in a receipt by any Holder of interest at a criminal rate (as such term is construed under the Criminal Code
(Canada)), then notwithstanding such provisions, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not so result in a receipt by such Holder of
interest at a criminal rate, such adjustment to be effected, to the extent necessary, as follows: (1) firstly, by reducing the amount or rate of interest required to be paid to such Holder, and (2) thereafter, by reducing any fees,
commissions, premiums and other amounts required to be paid to such Holder which would constitute “interest” for purposes of Section 347 of the Criminal Code (Canada). 

Section 11.20    Interest Act (Canada). For purposes of disclosure pursuant to the Interest Act
(Canada), the annual rates of interest or fees to which the rates of interest or fees provided for in this Indenture and any Note (and stated herein or therein, as applicable, to be computed on the basis of a 360 day year or any other period of time
less than a calendar year) are equivalent are the rates so provided for multiplied by the actual number of days in the applicable calendar year and divided by 360 or the actual number of days in such other period of time, respectively. 

Section 11.21    Tax Matters. Each of the parties hereto agree to cooperate and to provide the other with such
information as each may have in its possession to enable the determination of whether any payments pursuant to this Indenture are subject to the withholding requirements described in Section 1471(b) of the Code or otherwise imposed pursuant to
Sections 1471 through 1474 of the Code and any regulations, or agreements thereunder or official interpretations thereof (“Applicable Law”). The Trustee shall be entitled to make any withholding or deduction from payments under this
Indenture to the extent necessary to comply with Applicable Law. Nothing in the immediately preceding sentence shall be construed as obligating the Trustee to make any “gross up” payment or similar reimbursement in connection with a
payment in respect of which amounts are so withheld or deducted or affecting a Payor’s obligation to make any payments of Additional Amount pursuant to Section 4.21 of this Indenture. 

ARTICLE 12 
 COLLATERAL 

Section 12.1    Collateral Documents. 

(a)    The due and punctual payment of the principal of, premium and interest (including Additional Amounts, if any) on the
Notes when and as the same shall be due and payable, whether on an interest payment date, at maturity, by acceleration, repurchase, redemption or otherwise, and interest on the overdue principal of, premium and interest on the Notes and performance
of all other Obligations of the Company and the Note Guarantors to the Holders or the Trustee under this Indenture, the Notes, the Note Guarantees and the Collateral Documents, according to the terms hereunder or thereunder, shall be secured as
provided in the Collateral Documents, which define the terms of the Liens that secure the Obligations, subject to the terms of the First Lien Intercreditor Agreement. The Trustee and the Company hereby acknowledge and agree that the Notes Collateral
Agents hold the 

  
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Collateral in trust for the benefit of the Holders and the Trustee and pursuant to the terms of this Indenture, the Collateral Documents and the First Lien Intercreditor Agreement. Each Holder,
by accepting a Note, and each beneficial owner of an interest in a Note, consents and agrees to the terms of the Collateral Documents (including the provisions providing for the possession, use, release and foreclosure of Collateral) and the First
Lien Intercreditor Agreement as the same may be in effect or may be amended from time to time in accordance with their terms and this Indenture and the First Lien Intercreditor Agreement, and authorizes and directs each Notes Collateral Agent to
enter into the Collateral Documents and the First Lien Intercreditor Agreement and to perform its obligations and exercise its rights thereunder in accordance therewith. Subject to the Applicable Collateral Limitations, the Company shall deliver to
each Notes Collateral Agent copies of all documents required to be filed pursuant to the Collateral Documents to which such Notes Collateral Agent is a party, and will do or cause to be done all such acts and things as may be reasonably required by
the next sentence of this Section 12.1, to provide to the Notes Collateral Agents the security interest in the Collateral contemplated hereby and/or by the Collateral Documents or any part thereof, as from time to time constituted, so as to
render the same available for the security and benefit of this Indenture and of the Notes secured hereby, according to the intent and purposes herein expressed. Subject to the Applicable Collateral Limitations, the Company shall, and shall cause the
Subsidiaries of the Company to, take any and all actions and make all filings (including the filing of UCC or PPSA financing statements, continuation statements and amendments thereto (or analogous procedures under the applicable laws in the
relevant Covered Jurisdiction)) required to cause the Collateral Documents to create and maintain, as security for the First Priority Notes Obligations of the Company and the Note Guarantors to the First Lien Notes Secured Parties, a valid and
enforceable perfected Lien and security interest in and on all of the Collateral (subject to the terms of the First Lien Intercreditor Agreement and the Collateral Documents), in favor of the Notes Collateral Agents for the benefit of the Holders
and the Trustee subject to no Liens other than Permitted Liens. 
 (b)    To the extent any assets owned by the Company
or any Note Guarantor on the Issue Date (other than Excluded Assets) are not subject to a valid Lien in favor of a Notes Collateral Agent on or prior to the Issue Date or subject to a Lien in favor of a Notes Collateral Agent that is not perfected
on or prior to the Issue Date, the Company and the Note Guarantors shall use their commercially reasonable efforts to enter into Collateral Documents to create such Liens (including all Collateral Documents governed by the laws of each Covered
Jurisdiction, except where pursuant to laws governing such assets or local practice applicable to such assets, such assets that were pledged to the Credit Agreement Collateral Agent are not capable of being pledged to a Notes Collateral Agent at the
same time) and have all such Liens and any Liens created but not perfected (including by appropriate filings with the United States Patent and Trademark Office and United States Copyright Office) on or prior to the Issue Date perfected, subject to
any limitations set forth in this Indenture and the Collateral Documents, including the Applicable Collateral Limitations, within 120 days after the Issue Date. 

(c)    Notwithstanding any provision hereof to the contrary, the provisions of this Article 12 are qualified in
their entirety by the Applicable Collateral Limitations and neither the Company nor any Note Guarantor shall be required pursuant to this Indenture or any Collateral Document to take any action limited by the Applicable Collateral Limitations. 

Section 12.2    Release of Collateral. 

(a)    The Liens securing the Notes will be automatically released, all without delivery of any instrument or performance
of any act by any party, at any time and from time to time as provided by this Section 12.2. Upon such release, subject to the terms of the Collateral Documents, all rights in the released Collateral securing First Priority Notes Obligations
shall revert to the Company and the Note Guarantors, as applicable. The Collateral shall be released from the Lien and security interest created by the Collateral Documents and the Trustee (subject to its receipt of an Officers’ Certificate and
Opinion of Counsel as provided below) shall execute documents evidencing such release, and instruct the applicable Notes Collateral Agent in writing to execute, as applicable, the same at the Company’s sole cost and expense, under one or more
of the following circumstances: 
 (i)    in whole upon: 

(A)    payment in full of the principal of, together with accrued and unpaid interest (including Additional
Amounts, if any) on, the Notes and all other Obligations under this Indenture, the Note Guarantees and the Collateral Documents (for the avoidance of doubt, other than contingent Obligations in respect of which no claims have been made) that are due
and payable at or prior to the time such principal, together with accrued and unpaid interest, are paid; 

  
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 (B)    satisfaction and discharge of this Indenture with
respect to the Notes as set forth under Section 8.1; or 
 (C)    a Legal Defeasance or Covenant
Defeasance of this Indenture with respect to the Notes as set forth under Sections 8.2 or 8.3, as applicable; 

(ii)    in whole or in part, with the consent of Holders of the Notes in accordance with Article 9 of this
Indenture; 
 (iii)    in part, as to any asset: 

(A)    (I) constituting Collateral that is sold or otherwise disposed of by the Company or any of the Note
Guarantors to any Person that is not the Company or a Note Guarantor in a transaction permitted by this Indenture (to the extent of the interest sold or disposed of), or 

(II)    constituting Shared Collateral, in accordance with the provisions of the First Lien Intercreditor
Agreement, 
 (B)    that is held by a Note Guarantor that ceases to be a Note Guarantor, 

(C)    that becomes an Excluded Asset, including so long as the Credit Agreement is outstanding, any asset
that is not pledged to secure obligations arising in respect of the Credit Agreement (whether pursuant to the terms of the Credit Agreement (and any related documents) or as a result of any determination made thereunder, or by amendment, waiver or
otherwise), or 
 (D)    that is otherwise released in accordance with, and as expressly provided for by
the terms of, this Indenture, the First Lien Intercreditor Agreement and the Collateral Documents, 
 provided that, in the case of
clause (iii)(A)(II), the proceeds of such Shared Collateral shall be applied in accordance with the First Lien Intercreditor Agreement. 

(b)    In addition, the Notes shall be automatically released from the Liens securing the Notes, all without delivery of
any instrument or performance of any act by any party, at any time and from time to time as provided by this Section 12.2 and the Trustee (subject to its receipt of an Officers’ Certificate and Opinion of Counsel as provided below) shall
execute documents evidencing such release, and instruct the applicable Notes Collateral Agent in writing to execute, as applicable, the same at the Company’s sole cost and expense, under one or more of the following circumstances: 

(i)    in whole upon: 

(A)    payment in full of the principal of, together with accrued and unpaid interest (including Additional
Amounts, if any) on, the Notes and all other Obligations under this Indenture, the Note Guarantees and the Collateral Documents in respect of the Notes (for the avoidance of doubt, other than contingent Obligations in respect of which no claims have
been made) that are due and payable at or prior to the time such principal, together with accrued and unpaid interest, are paid; 

(B)    satisfaction and discharge of this Indenture with respect to the Notes as set forth under
Section 8.1; or 
 (C)    a Legal Defeasance or Covenant Defeasance of this Indenture with respect
to the Notes as set forth under Sections 8.2 or 8.3, as applicable; or 

  
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 (ii)    in whole or in part, with the consent of Holders of
the Notes in accordance with Article 9 of this Indenture. 
 (c)    With respect to any release of Collateral or release
of the Notes from the Liens securing the Notes, upon receipt of an Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture and the Collateral Documents and the First Lien Intercreditor
Agreement, as applicable, to such release have been met and that it is permitted for the Trustee and/or a Notes Collateral Agent to execute and deliver the documents requested by the Company in connection with such release, and any necessary or
proper instruments of termination, satisfaction, discharge or release prepared by the Company, the Trustee shall, or shall cause the applicable Notes Collateral Agent to, execute, deliver or acknowledge (at the Company’ expense) such
instruments or releases (whether electronically or in writing) to evidence, and shall do or cause to be done all other acts reasonably necessary to effect, in each case as soon as reasonably practicable, the release and discharge of any Collateral
or any Notes permitted to be released pursuant to this Indenture or the Collateral Documents or the First Lien Intercreditor Agreement. Neither the Trustee nor any Notes Collateral Agent shall be liable for any such release undertaken in reliance
upon any such Officers’ Certificate or Opinion of Counsel, and notwithstanding any term hereof or in any Collateral Document or in the First Lien Intercreditor Agreement to the contrary, but without limiting any automatic release provided
hereunder or under any Collateral Document, the Trustee and each Notes Collateral Agent shall not be under any obligation to release any such Lien and security interest, or execute and deliver any such instrument of release, satisfaction, discharge
or termination, unless and until it receives such Officers’ Certificate and Opinion of Counsel. 

Section 12.3    Suits to Protect the Collateral. Subject to the provisions of Article VII hereof and
the Collateral Documents and the First Lien Intercreditor Agreement, the Trustee, without the consent of the Holders, on behalf of the Holders, following the occurrence of an Event of Default that is continuing, may or may instruct the applicable
Notes Collateral Agent in writing to take all actions it reasonably determines are necessary in order to: 

(a)    enforce any of the terms of the Collateral Documents; and 

(b)    collect and receive any and all amounts payable in respect of the Obligations hereunder. 

Subject to the provisions of the Collateral Documents and the First Lien Intercreditor Agreement, the Trustee and each Notes Collateral Agent shall have power
to institute and to maintain such suits and proceedings as the Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Collateral Documents or this Indenture, and such
suits and proceedings as the Trustee may determine to preserve or protect its interests and the interests of the Holders in the Collateral. Nothing in this Section 12.3 shall be considered to impose any such duty or obligation to act on the
part of the Trustee or any Notes Collateral Agent. 
 Section 12.4    Authorization of Receipt of Funds by the
Trustee Under the Collateral Documents. Subject to the provisions of the First Lien Intercreditor Agreement, the Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Collateral Documents,
and to make further distributions of such funds to the Holders according to the provisions of this Indenture. 

Section 12.5    Purchaser Protected. In no event shall any purchaser or other transferee in good faith of any
property or asset purported to be released hereunder be bound to ascertain the authority of a Notes Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for
the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor shall any purchaser or other transferee of any property, asset or rights permitted by this Article 12 to be sold
be under any obligation to ascertain or inquire into the authority of the Company or the applicable Note Guarantor to make any such sale or other transfer. 

Section 12.6    Powers Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession
of a receiver or trustee, lawfully appointed, the powers conferred in this Article 12 upon the Company or a Note Guarantor with respect to the release, sale or other disposition of such property or asset may be exercised by such receiver or
trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Note Guarantor or of any Officer or Officers thereof required by the provisions of this Article 12; and
if the Trustee shall be in the possession of the Collateral under any provision of this Indenture, then such powers may be exercised by the Trustee. 

  
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 Section 12.7    Release Upon Termination of the
Company’s Obligations. In the event that the Company delivers to the Trustee an Officers’ Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest on, the Notes
and all other First Priority Notes Obligations that are due and payable at or prior to the time such principal, together with accrued and unpaid interest, are paid or (ii) the Company shall have exercised its Legal Defeasance option or their
Covenant Defeasance option, in each case in compliance with the provisions of Section 8.2 or 8.3, as applicable, and an Opinion of Counsel stating that all conditions precedent to the execution and delivery of such notice by the Trustee have
been satisfied, the Trustee shall deliver to the Company and the Notes Collateral Agents a notice, in form reasonably satisfactory to the Notes Collateral Agents, stating that the Trustee, on behalf of the Holders, disclaims and gives up any and all
rights it has in or to the Collateral solely on behalf of the Holders of the Notes without representation, warranty or recourse (other than with respect to funds held by the Trustee pursuant to Section 8.2 or 8.3, as applicable), and any rights
it has under the Collateral Documents solely on behalf of the Holders of the Notes and upon receipt by the Notes Collateral Agents of such notice, the Notes Collateral Agents shall be deemed not to hold a Lien in the Collateral on behalf of the
Trustee and shall execute and deliver all documents and do or cause to be done (at the expense of the Company) all acts reasonably requested by the Company to release and discharge such Lien as soon as is reasonably practicable. 

Section 12.8    Notes Collateral Agents. 

(a)    The Company and each of the Holders by acceptance of the Notes, and each beneficial owner of an interest in a Note,
hereby designates and appoints each Notes Collateral Agent as its agent under this Indenture, the Collateral Documents and the First Lien Intercreditor Agreement and the Company directs and authorizes and each of the Holders by acceptance of the
Notes hereby irrevocably authorizes each Notes Collateral Agent to take such action on its behalf under the provisions of this Indenture, the Collateral Documents and the First Lien Intercreditor Agreement and to exercise such powers and perform
such duties as are expressly delegated to the Notes Collateral Agents by the terms of this Indenture, the Collateral Documents and the First Lien Intercreditor Agreement, and consents and agrees to the terms of the First Lien Intercreditor Agreement
and each Collateral Document, as the same may be in effect or may be amended, restated, supplemented or otherwise modified from time to time in accordance with their respective terms or the terms of this Indenture. Each Notes Collateral Agent agrees
to act as such on the express conditions contained in this Section 12.8. The provisions of this Section 12.8 are solely for the benefit of the Notes Collateral Agents and none of the Trustee, any of the Holders nor any of the Grantors
shall have any rights as a third party beneficiary of any of the provisions contained herein. Each Holder agrees that any action taken by any Notes Collateral Agent in accordance with the provision of this Indenture, the First Lien Intercreditor
Agreement and/or the applicable Collateral Documents, and the exercise by any Notes Collateral Agent of any rights or remedies set forth herein and therein shall be authorized and binding upon all Holders. Notwithstanding any provision to the
contrary contained elsewhere in this Indenture, the Collateral Documents and the First Lien Intercreditor Agreement, the duties of the Notes Collateral Agents shall be ministerial and administrative in nature, and no Notes Collateral Agent shall
have any duties or responsibilities, except those expressly set forth herein and in the other Notes Documents to which the applicable Notes Collateral Agent is a party, nor shall any Notes Collateral Agent have or be deemed to have any trust or
other fiduciary relationship with the Trustee, any Holder or any Grantor, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Indenture, the Collateral Documents and the First Lien
Intercreditor Agreement or otherwise exist against any Notes Collateral Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Indenture with reference to the Notes Collateral Agents is not
intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an
administrative relationship between independent contracting parties. 
 (b)    Each Notes Collateral Agent may perform
any of its duties under this Indenture, the Collateral Documents or the First Lien Intercreditor Agreement by or through receivers, agents, employees, attorneys-in-fact
or with respect to any specified Person, such Person’s Affiliates, and the respective officers, directors, employees, agents, advisors and attorneys-in-fact of such
Person and its Affiliates, (a “Related Person”) and shall be entitled to advice of counsel concerning all matters pertaining to such duties, and shall be entitled to act upon, and shall be fully protected in taking action in
reliance upon any advice or opinion given by legal counsel. No Notes Collateral Agent shall be responsible for the negligence or willful misconduct of any receiver, agent, employee,
attorney-in-fact or Related Person that it selects as long as such selection was made in good faith. 

  
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 (c)    No Notes Collateral Agent nor any of their respective Related Persons
shall (i) be liable for any action taken or omitted to be taken by any of them under or in connection with this Indenture or the transactions contemplated hereby (except for its own gross negligence or willful misconduct) or under or in
connection with any Collateral Document or the First Lien Intercreditor Agreement or the transactions contemplated thereby (except for its own gross negligence or willful misconduct), or (ii) be responsible in any manner to any of the Trustee
or any Holder for any recital, statement, representation, warranty, covenant or agreement made by the Company or any other Grantor or Affiliate of any Grantor, or any Officer or Related Person thereof, contained in this Indenture, or any other Notes
Documents, or in any certificate, report, statement or other document referred to or provided for in, or received by the applicable Notes Collateral Agent under or in connection with, this Indenture, the Collateral Documents or the First Lien
Intercreditor Agreement, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Indenture, the Collateral Documents or the First Lien Intercreditor Agreement, or for any failure of any Grantor or any other party to this
Indenture, the Collateral Documents or the First Lien Intercreditor Agreement to perform its obligations hereunder or thereunder. No Notes Collateral Agent nor any of their respective Related Persons shall be under any obligation to the Trustee or
any Holder to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Indenture, the Collateral Documents or the First Lien Intercreditor Agreement or to inspect the properties,
books, or records of any Grantor or any Grantor’s Affiliates. 
 (d)    Each Notes Collateral Agent shall be
entitled (in the absence of bad faith) to rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, facsimile, certification, telephone message, statement, or other
communication, document or conversation (including those by telephone or e-mail) believed by it to be genuine and correct and to have been signed, sent, or made by the proper Person or Persons, and upon advice
and statements of legal counsel (including, without limitation, counsel to the Company or any other Grantor), independent accountants and/or other experts and advisors selected by such Notes Collateral Agent. No Notes Collateral Agent shall 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, or other paper or document. Unless otherwise expressly
required hereunder or pursuant to any Collateral Document, each Notes Collateral Agent shall be fully justified in failing or refusing to take any action under this Indenture, the Collateral Documents or the First Lien Intercreditor Agreement unless
it shall first receive such written advice or concurrence of the Trustee or the Holders of a majority in aggregate principal amount of the Notes as it determines and, if it so requests, it shall first be indemnified to its satisfaction by the
Holders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Each Notes Collateral Agent shall in all cases be fully protected from claims by any Holders in acting, or in
refraining from acting, under this Indenture, the Collateral Documents or the First Lien Intercreditor Agreement in accordance with a request, direction, instruction or consent of the Trustee or the Holders of a majority in aggregate principal
amount of the then outstanding Notes and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Holders. 

(e)    No Notes Collateral Agent shall be deemed to have knowledge or notice of the occurrence of any Default or Event of
Default, unless a Trust Officer of such Notes Collateral Agent shall have received written notice from the Trustee or the Company referring to this Indenture, describing such Default or Event of Default and stating that such notice is a “notice
of default.” Such Notes Collateral Agent shall take such action with respect to such Default or Event of Default as may be requested by the Trustee in accordance with Article 6 or the Holders of a majority in aggregate principal amount
of the Notes (subject to this Section 12.8). 
 (f)    Each Notes Collateral Agent may resign at any time by notice
to the Trustee and the Company, such resignation to be effective upon the acceptance of a successor agent to its appointment as Notes Collateral Agent. If any Notes Collateral Agent resigns under this Indenture, the Company shall appoint a successor
collateral agent. If no successor collateral agent is appointed prior to the intended effective date of the resignation of such Notes Collateral Agent (as stated in the notice of resignation), such Notes Collateral Agent may appoint, after
consulting with the Trustee, subject to the consent of the Company (which shall not be unreasonably withheld and which shall not be required during a continuing Event of Default), a successor collateral agent. If no successor collateral agent is
appointed and consented to by the Company pursuant to the preceding sentence within thirty (30) 

  
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days after the intended effective date of resignation (as stated in the notice of resignation) such Notes Collateral Agent shall be entitled to petition a court of competent jurisdiction to
appoint a successor. Upon the acceptance of its appointment as successor collateral agent hereunder, such successor collateral agent shall succeed to all the rights, powers and duties of the retiring Notes Collateral Agent, and the term “Notes
Collateral Agents” shall mean such successor collateral agent, and the retiring Notes Collateral Agent’s appointment, powers and duties as a Notes Collateral Agent shall be terminated. After the retiring Notes Collateral Agent’s
resignation hereunder, the provisions of this Section 12.8 (and Section 7.7) shall continue to inure to its benefit and the retiring Notes Collateral Agent shall not by reason of such resignation be deemed to be released from liability as
to any actions taken or omitted to be taken by it while it was a Notes Collateral Agent under this Indenture. 

(g)    The Company and each of the Holders by its acceptance of the Notes, and each beneficial owner of an interest in a
Note, hereby authorizes (i) the Trustee and each Notes Collateral Agent, respectively, to appoint co-Notes Collateral Agents, sub-agents and other additional Notes
Collateral Agents (and, in each case, appointment of such person shall be reflected in documentation, which the Trustee and each Notes Collateral Agent are hereby authorized to enter into) and (ii) LSC to perform its duties and exercise its
rights and powers hereunder and in connection with the Collateral by or through the LSC Sub-Agents acting under the applicable Collateral Documents. Except as otherwise explicitly provided herein or in the
Collateral Documents or the First Lien Intercreditor Agreement, no Notes Collateral Agent nor any of its respective officers, directors, employees or agents or other Related Persons shall be liable for failure to demand, collect or realize upon any
of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any other Person or to take any other action whatsoever with regard to the Collateral or any part
thereof. Each Notes Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither any Notes Collateral Agent nor any of their respective officers, directors, employees or
agents shall be responsible for any act or failure to act hereunder, except for its own gross negligence or willful misconduct. 

(h)    Each Notes Collateral Agent is authorized and directed to (i) enter into the Collateral Documents to which it
is party, whether executed on or after the Issue Date, (ii) enter into the First Lien Intercreditor Agreement, (iii) make the representations of the Holders set forth in the Collateral Documents and First Lien Intercreditor Agreement,
(iv) bind the Holders on the terms as set forth in the Collateral Documents and the First Lien Intercreditor Agreement and (v) perform and observe its obligations under the Collateral Documents and the First Lien Intercreditor Agreement.

 (i)    [Reserved]. 

(j)    If applicable, each Notes Collateral Agent is each Holder’s agent for the purpose of perfecting the
Holders’ security interest in assets which, in accordance with Article 9 of the UCC can be perfected only by possession. Should the Trustee obtain possession of any such Collateral, upon request from the Company, the Trustee shall notify the
Notes Collateral Agents thereof and promptly shall deliver such Collateral to the applicable Notes Collateral Agent or otherwise deal with such Collateral in accordance with the Notes Collateral Agents’ instructions. 

(k)    No Notes Collateral Agent shall have any obligation whatsoever to the Trustee or any of the Holders to assure that
the Collateral exists or is owned by any Grantor or is cared for, protected, or insured or has been encumbered, or that such Notes Collateral Agent’s Liens have been properly or sufficiently or lawfully created, perfected, protected, maintained
or enforced or are entitled to any particular priority, or to determine whether all or the Grantor’s property constituting collateral intended to be subject to the Lien and security interest of the Collateral Documents has been properly and
completely listed or delivered, as the case may be, or the genuineness, validity, marketability or sufficiency thereof or title thereto, or to exercise at all or in any particular manner or under any duty of care, disclosure, or fidelity, or to
continue exercising, any of the rights, authorities, and powers granted or available to the Notes Collateral Agents pursuant to this Indenture, any Collateral Document or the First Lien Intercreditor Agreement other than pursuant to the instructions
of the Trustee or the Holders of a majority in aggregate principal amount of the Notes or as otherwise provided in the Collateral Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related
thereto, no Notes Collateral Agent shall have any other duty or liability whatsoever to the Trustee or any Holder or any other Notes Collateral Agent as to any of the foregoing. 

  
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 (l)    If the Company or any Note Guarantor (i) incurs any obligations
in respect of First Priority Obligations at any time when no First Lien Intercreditor Agreement is in effect or at any time when Indebtedness constituting First Priority Obligations entitled to the benefit of an existing First Lien Intercreditor
Agreement is concurrently retired, or incurs any other obligations permitted hereunder and required to be subject to an intercreditor agreement, and (ii) delivers to the Notes Collateral Agents an Officers’ Certificate so stating and
requesting the Notes Collateral Agents to enter into an intercreditor agreement (on substantially the same terms as the First Lien Intercreditor Agreement) in favor of a designated agent or representative for the holders of the First Priority
Obligations so incurred, or on reasonable and customary terms with respect to any other such intercreditor agreement, the Notes Collateral Agents and the Trustee (as applicable) shall (and are hereby authorized and directed to) enter into such
intercreditor agreement (at the sole expense and cost of the Company, including legal fees and expenses of the Notes Collateral Agents), bind the Holders on the terms set forth therein and perform and observe its obligations thereunder. 

(m)    If the Company or any Note Guarantor (i) incurs any obligations in respect of Indebtedness on which a junior
lien on the Collateral is to be granted, and (ii) delivers to the Notes Collateral Agents an Officers’ Certificate so stating and requesting the Notes Collateral Agents to enter into an intercreditor agreement with a designated agent or
representative for the holders of such Indebtedness or other obligations so incurred, and stating that such intercreditor agreement is on customary terms (as determined by the Company), the Notes Collateral Agents and the Trustee (as applicable)
shall (and are hereby authorized and directed to) enter into such intercreditor agreement (at the sole expense and cost of the Company, including legal fees and expenses of the Notes Collateral Agents), bind the Holders on the terms set forth
therein and perform and observe its obligations thereunder. 
 (n)    No provision of this Indenture, the First Lien
Intercreditor Agreement or any Collateral Document shall require any Notes Collateral Agent (or the Trustee) to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or thereunder
or to take or omit to take any action hereunder or thereunder or take any action at the request or direction of Holders (or the Trustee in the case of a Notes Collateral Agent) unless it shall have first received indemnity satisfactory to the
applicable Notes Collateral Agent against potential costs and liabilities incurred by such Notes Collateral Agent relating thereto. Notwithstanding anything to the contrary contained in this Indenture, the First Lien Intercreditor Agreement or the
Collateral Documents, in the event any Notes Collateral Agent is entitled or required to commence an action to foreclose or otherwise exercise its remedies to acquire control or possession of the Collateral, such Notes Collateral Agent shall not be
required to commence any such action or exercise any remedy or to inspect or conduct any studies of any property under the mortgages or take any such other action if such Notes Collateral Agent has determined that such Notes Collateral Agent may
incur personal liability as a result of the presence at, or release on or from, the Collateral or such property, of any hazardous substances unless such Notes Collateral Agent has received security or indemnity from the Holders in an amount and in a
form all satisfactory to such Notes Collateral Agent in its sole discretion, protecting such Notes Collateral Agent from all such liability. Each Notes Collateral Agent shall at any time be entitled to cease taking any action described in this
paragraph (m) if it no longer reasonably deems any indemnity, security or undertaking from the Company or the Holders to be sufficient. 

(o)    Each Notes Collateral Agent (i) shall not be liable for any action taken or omitted to be taken by it in
connection with this Indenture, the First Lien Intercreditor Agreement and the Collateral Documents or instrument referred to herein or therein, except to the extent that any of the foregoing are found by a final,
non-appealable judgment of a court of competent jurisdiction to have resulted from its own gross negligence or willful misconduct, (ii) shall not be liable for interest on any money received by it except
as such Notes Collateral Agent may agree in writing with the Company (and money held in trust by such Notes Collateral Agent need (a) shall be held uninvested without liability for interest, unless otherwise agreed in writing, (b) shall be
held in a non-interest bearing trust account and (c) not be segregated from other funds except to the extent required by law) and (iii) may consult with counsel of its selection and the advice or
opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it in good faith and in accordance with the advice or opinion of such counsel.
The grant of permissive rights or powers to each Notes Collateral Agent shall not be construed to impose duties to act. 

(p)    No Notes Collateral Agent nor the Trustee shall be liable for delays or failures in performance resulting from acts
beyond its control. Such acts shall include but not be limited to acts of God, strikes, lockouts, riots, acts of war, epidemics, governmental regulations superimposed after the fact, fire, communication line

  
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failures, computer viruses, power failures, earthquakes or other disasters. Neither any Notes Collateral Agent nor the Trustee shall be liable for any indirect, special, punitive, incidental or
consequential damages (included but not limited to lost profits) whatsoever, even if it has been informed of the likelihood thereof and regardless of the form of action. 

(q)    No Notes Collateral Agent assumes any responsibility for any failure or delay in performance or any breach by the
Company or any other Grantor under this Indenture, the First Lien Intercreditor Agreement and the Collateral Documents. No Notes Collateral Agent shall be responsible to the Holders or any other Person for any recitals, statements, information,
representations or warranties contained in any Notes Documents or in any certificate, report, statement, or other document referred to or provided for in, or received by any Notes Collateral Agent under or in connection with, this Indenture, the
First Lien Intercreditor Agreement or any Collateral Document; the execution, validity, genuineness, effectiveness or enforceability of the First Lien Intercreditor Agreement and any Collateral Documents of any other party thereto; the genuineness,
enforceability, collectability, value, sufficiency, location or existence of any Collateral, or the validity, effectiveness, enforceability, sufficiency, extent, perfection or priority of any Lien therein; the validity, enforceability or
collectability of any Obligations; the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of any obligor; or for any failure of any obligor to perform its Obligations under this Indenture, the
First Lien Intercreditor Agreement and the Collateral Documents. No Notes Collateral Agent shall have any obligation to any Holder or any other Person to ascertain or inquire into the existence of any Default or Event of Default, the observance or
performance by any obligor of any terms of this Indenture, the First Lien Intercreditor Agreement, the Credit Agreement or the Collateral Documents, or the satisfaction of any conditions precedent contained in this Indenture, the First Lien
Intercreditor Agreement or any Collateral Documents. No Notes Collateral Agent shall be required to initiate or conduct any litigation or collection or other proceeding under this Indenture, the First Lien Intercreditor Agreement and the Collateral
Documents unless expressly set forth hereunder or thereunder. Without limiting its obligations as expressly set forth herein, each Notes Collateral Agent shall have the right at any time to seek instructions from the Holders with respect to the
administration of the Notes Documents. 
 (r)    The parties hereto and the Holders hereby agree and acknowledge that
the Notes Collateral Agents shall not assume, be responsible for or otherwise be obligated for any liabilities, claims, causes of action, suits, losses, allegations, requests, demands, penalties, fines, settlements, damages (including foreseeable
and unforeseeable), judgments, expenses and costs (including but not limited to, any remediation, corrective action, response, removal or remedial action, or investigation, operations and maintenance or monitoring costs, for personal injury or
property damages, real or personal) of any kind whatsoever, pursuant to any environmental law as a result of this Indenture, the First Lien Intercreditor Agreement, the Collateral Documents or any actions taken pursuant hereto or thereto. Further,
the parties hereto and the Holders hereby agree and acknowledge that in the exercise of its rights under this Indenture, the First Lien Intercreditor Agreement and the Collateral Documents, a Notes Collateral Agent may hold or obtain indicia of
ownership primarily to protect the security interest of such Notes Collateral Agent in the Collateral and that any such actions taken by such Notes Collateral Agent shall not be construed as or otherwise constitute any participation in the
management of such Collateral. However, if the Notes Collateral Agent is required to acquire title to an asset pursuant to this Indenture which in the Notes Collateral Agent’s reasonable discretion may cause the Notes Collateral Agent to be
considered an “owner or operator” under the provisions of the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), 42 U.S.C. §9601, et seq., or otherwise cause the Collateral Agent to incur
liability under CERCLA or any equivalent federal, state or local law, the Collateral Agent reserves the right, instead of taking such action, to either resign as the Notes Collateral Agent or arrange for the transfer of the title or control of the
asset to a court-appointed receiver. 
 (s)    Upon the receipt by the applicable Notes Collateral Agent of an
Officers’ Certificate and an Opinion of Counsel, such Notes Collateral Agent is hereby authorized to execute and enter into, and shall execute and enter into, without the further consent of any Holder or the Trustee, any Collateral Document to
be executed after the Issue Date. Such Officers’ Certificate and an Opinion of Counsel shall (i) state that it is being delivered to such Notes Collateral Agent pursuant to this Section 12.8(s), and (ii) instruct such Notes
Collateral Agent to execute and enter into such Collateral Document. Any such execution of a Collateral Document shall be at the direction and expense of the Company, upon delivery to such Notes Collateral Agent of an Officers’ Certificate and
an Opinion of Counsel stating that all conditions precedent (if any) to the execution and delivery of the Collateral Document have been satisfied. The Holders, by their acceptance of the Notes, hereby authorize and direct each Notes Collateral Agent
to execute such Collateral Documents. 

  
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 (t)    Subject to the provisions of the applicable Collateral Documents and
the First Lien Intercreditor Agreement, each Holder, by acceptance of the Notes, agrees that each Notes Collateral Agent shall execute and deliver the First Lien Intercreditor Agreement and the Collateral Documents to which it is a party and all
agreements, documents and instruments incidental thereto (including any releases permitted hereunder), and act in accordance with the terms thereof. For the avoidance of doubt, the Notes Collateral Agents shall not be required to exercise discretion
under this Indenture, the First Lien Intercreditor Agreement or the Collateral Documents and shall not be required to make or give any determination, consent, approval, request or direction without the written direction of the Holders of a majority
in aggregate principal amount of the then outstanding Notes or the Trustee, as applicable, except as otherwise expressly provided for herein or in any Collateral Document. 

(u)    After the occurrence of an Event of Default, the Trustee may direct the Notes Collateral Agents in connection with
any action required or permitted by this Indenture, the Collateral Documents or the First Lien Intercreditor Agreement. 

(v)    Each Notes Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the
Holders distributed under the Collateral Documents or the First Lien Intercreditor Agreement and to the extent not prohibited under the First Lien Intercreditor Agreement, for turnover to the Trustee to make further distributions of such funds to
itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture. 

(w)    Subject to the terms of the Collateral Documents, in each case that a Notes Collateral Agent may or is required
hereunder or under any other Notes Document to take any action (an “Action”), including without limitation to make any determination, to give consents, to exercise rights, powers or remedies, to release or sell Collateral or
otherwise to act hereunder or under any other Notes Document, the Notes Collateral Agents may seek direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes. Each Notes Collateral Agent shall not be liable
with respect to any Action taken or omitted to be taken by it in accordance with the direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes. Subject to the terms of the Collateral Documents, if a Notes
Collateral Agent shall request direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes with respect to any Action, such Notes Collateral Agent shall be entitled to refrain from such Action unless and
until such Notes Collateral Agent shall have received direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes, and such Notes Collateral Agent shall not incur liability to any Person by reason of so
refraining. 
 (x)    Notwithstanding anything to the contrary in this Indenture or any other Notes Document, in no
event shall any Notes Collateral Agent or the Trustee be responsible for, or have any duty or obligation with respect to, the recording, filing, registering, perfection, protection or maintenance of the security interests or Liens intended to be
created by this Indenture or the other Notes Documents (including without limitation the filing or continuation of any UCC or PPSA financing or continuation statements or similar documents or instruments (or analogous procedures under the applicable
laws in the relevant Covered Jurisdiction), nor shall any Notes Collateral Agent or the Trustee be responsible for, and neither the Notes Collateral Agents nor the Trustee makes any representation regarding, the validity, effectiveness or priority
of any of the Collateral Documents or the security interests or Liens intended to be created thereby. 
 (y)    Before a
Notes Collateral Agent acts or refrains from acting in each case at the request or direction of the Company, the Note Guarantors, or the Trustee, it may require an Officers’ Certificate and an Opinion of Counsel, which shall conform to the
provisions of Section 11.4. Each Notes Collateral Agent shall not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion. 

(z)    Notwithstanding anything to the contrary contained herein, each Notes Collateral Agent shall act pursuant to the
instructions of the Holders and/or the Trustee solely with respect to the Collateral Documents and the Collateral. 

(aa)    The Company shall pay compensation to, reimburse expenses of and indemnify each Notes Collateral Agent in
accordance with Section 7.7. Accordingly, the reference to the “Trustee” in Section 6.10, Section 7.7 and Section 7.8 shall be deemed to include the reference to the Notes Collateral Agents. 

  
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 (bb)    The Company acknowledges that the benefits, indemnities, privileges,
protections, and rights of each Notes Collateral Agent shall extend to (and may be claimed directly or by the applicable Notes Collateral Agent on behalf of) each sub-agent and each LSC Sub-Agent, as the case may be. 
 ARTICLE 13 

PARALLEL DEBT 

Section 13.1    Purpose; Governing Law. This Article 13 is included in this Indenture solely for the purpose
of ensuring the validity and effect of certain security rights governed by the laws of the Netherlands, Poland, Japan, Slovenia, France, Hungary, Germany, Belarus, Belgium, Mexico and Switzerland, granted pursuant to the applicable Collateral
Documents and, for the avoidance of doubt, shall not limit the rights and remedies provided to the First Lien Notes Secured Parties by the other provisions hereof and of any of the other Notes Documents. Moreover, the provisions of Section 13.4
shall be governed by the laws of Hungary. 
 Section 13.2    Parallel Debt (The Netherlands, Poland, Japan,
Slovenia). 
 (a)    Notwithstanding anything to the contrary contained in this Indenture and the Collateral
Documents and for the purpose of the security rights granted and to be granted under or pursuant to the Collateral Documents governed by the laws of The Netherlands, the laws of Poland, the laws of Japan and the laws of Slovenia (the
“Foreign Security Agreements”), the Company and each Note Guarantor that is a party to the Foreign Security Agreements undertake to pay to any Notes Collateral Agent, in its individual capacity as creditor in its own right and not
as agent, representative or trustee, as a separate independent obligation to such Notes Collateral Agent, the amount of its Parallel Debt. Moreover, the security rights contemplated by the applicable Foreign Security Agreements are granted in favor
of the applicable Notes Collateral Agent in its individual capacity and not as agent, representative or trustee of the Holders of the Notes, as security for its claims under the Parallel Debt and consequently such Notes Collateral Agent becoming the
sole security beneficiary of such security rights. 
 (b)    No person shall be obligated to pay any amount representing
Parallel Debt unless and until a corresponding amount of the Underlying Debt shall have become due and payable. 

(c)    To the extent any amount is paid to and received by the applicable Notes Collateral Agent in payment of the
Parallel Debt, the total amount due and payable in respect of the Underlying Debt shall be decreased as if such amount were received by the First Lien Notes Secured Parties or any of them in payment of the corresponding Underlying Debt. 

Section 13.3    Parallel Debt (France). For the purpose of any Collateral Document or Lien governed by the
laws of France (the “French Security Documents”) and all security interest created thereunder: 

(a)    Notwithstanding any other provision of this Indenture, the Company and each Note Guarantor hereby
irrevocably and unconditionally undertakes to pay to the applicable Notes Collateral Agent, as creditor in its own right and not as representative of the other First Lien Notes Secured Parties, sums equal to and in the currency of each amount
payable by the Company and each such Note Guarantor to each of the First Lien Notes Secured Parties under this Indenture, the Notes and each of the Collateral Documents as and when that amount falls due for payment under this Indenture, the Notes or
the relevant Collateral Document (the “French Parallel Debt”). 
 (b)    The Company and
each Note Guarantor and each Notes Collateral Agent acknowledge that the obligations of the Company and each Note Guarantor under paragraph (a) above are several and are separate and independent from, and shall not in any way limit or affect,
the corresponding obligations of the Company or that Note Guarantor, as applicable, to any First Lien Notes Secured Party under this Indenture, the Notes or any Collateral Document (as used in this Section 13.3, its “Corresponding
Debt”) nor shall the amounts for which the Company and each Note Guarantor is liable under the French Parallel Debt be limited or affected in any way by its Corresponding Debt; provided that: 

(i)    the French Parallel Debt of the Company and each Note Guarantor shall be decreased to the extent
that its Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; 

  
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 (ii)    the Corresponding Debt of the Company and each Note
Guarantor shall be decreased to the extent that its French Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; and 

(iii)    the amount of the French Parallel Debt of the Company or a Note Guarantor shall at all times be
equal to the amount of its Corresponding Debt. 
 (c)    For the purpose of this Section 13.3, each
Notes Collateral Agent acts in its own name and not as a trustee, and its claims in respect of the French Parallel Debt shall not be held on trust. The Collateral granted under the French Security Documents to the applicable Notes Collateral Agent
pursuant to the provisions of this Section 13.3 is granted to such Notes Collateral Agent in its capacity as creditor of the French Parallel Debt and shall not be held on trust. 

(d)    All moneys received or recovered by any Notes Collateral Agent pursuant to this Section 13.3,
and all amounts received or recovered by any Notes Collateral Agent from or by the enforcement of any Collateral granted under the French Security Documents, shall be applied in accordance with this Indenture. 

(e)    For the purpose of any vote taken under this Indenture or any Collateral Document, no Notes
Collateral Agent shall be regarded as having any participation or commitment other than those which it has, if any, in its capacity as a Holder. 

Section 13.4    Parallel Debt (Hungary). The Trustee and each First Lien Notes Secured Party (other than the
Notes Collateral Agents) hereby authorizes and appoints the applicable Notes Collateral Agent to accept, manage and enforce, as its representative (in Hungarian: “bizományos” or, after the entry into force of
Act V of 2013 on the new Hungarian civil code (the “New Hungarian Civil Code”), “zálogjogosulti bizományos”) any charge based Collateral granted to such Notes Collateral
Agent in relation to this Indenture and the Collateral Documents and to act and execute on its behalf in such capacity, subject to the terms of the Guarantee entered into by a Note Guarantor incorporated under the laws of Hungary, amendments or
releases of, accessions and alterations to, and to carry out similar dealings with regard to this Indenture or any Collateral Document governed by the laws of Hungary or entered into by a Note Guarantor incorporated under the laws of Hungary. For
the purposes of the New Hungarian Civil Code, (i) this provision constitutes the agreement of all First Lien Notes Secured Parties regarding the authorization and appointment of the applicable Notes Collateral Agent as
“zálogjogosulti bizományos” for enforcing, managing and administering any charge based Collateral entered into by a Guarantor incorporated under the laws of Hungary (for the purposes of, and
as envisaged by, Article 5:96.§ (1) of the New Hungarian Civil Code); (ii) in case there are discrepancies (including inter alia matters pertaining to sharing, settlement, flow of funds and rights of Notes Collateral Agents) not
expressly regulated by Hungarian law between the regulations of Article 5:96.§ (1) of the New Hungarian Civil Code and this Indenture, the terms of this Indenture shall prevail to the extent permitted by law; and (iii) as permitted by
Regulation (EC) No 593/2008 of 17 June 2008, this Section 13.4 shall be governed by Hungarian law. Each Notes Collateral Agent hereby accepts and the Note Guarantors hereby acknowledge such appointment as of the date hereof. 

Section 13.5    Parallel Debt and Collateral (Germany). For the purposes of any Collateral Document or Lien
granted to a First Lien Notes Secured Party (including any Notes Collateral Agent) and governed by the laws of the Federal Republic of Germany: 

(a)    The Company and each Note Guarantor hereby irrevocably and unconditionally undertake to pay to the
applicable Notes Collateral Agent as creditor in its own right and not as a representative of the other First Lien Notes Secured Parties amounts equal to the respective Underlying Debt. 

  
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 (b)    The Company and each Note Guarantor and each Notes
Collateral Agent acknowledge that the obligations of the Company and each Note Guarantor under paragraph (a) above are several and are separate and independent from, and shall not in any way limit or affect, the Underlying Debt (as used in this
Section 13.5, its “Corresponding Debt”) nor shall the amounts for which the Company and each Note Guarantor is liable under paragraph (a) above (its “German Parallel Debt”) be limited or affected in any
way by its Corresponding Debt provided that: 
 (i)    No Notes Collateral Agent shall demand
payment with regard to the German Parallel Debt of the Company and each Note Guarantor to the extent that the Company or such Note Guarantor’s Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged;
and 
 (ii)    a First Lien Notes Secured Party shall not demand payment with regard to the Corresponding
Debt of the Company and each Note Guarantor to the extent that the Company or such Note Guarantor’s Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged. 

(c)    For the purpose of this Section 13.5(c), each Notes Collateral Agent acts in its own name and
not as a trustee, and its claims in respect of the German Parallel Debt shall not be held on trust. The Liens granted under this Indenture and the Collateral Documents to any Notes Collateral Agent to secure the German Parallel Debt is granted to
such Notes Collateral Agent in its capacity as creditor of the German Parallel Debt and shall not be held on trust. 

(d)    All monies received or recovered by any Notes Collateral Agent pursuant to this Section 13.5
(Parallel Debt (Germany)), and all amounts received or recovered by any Notes Collateral Agent from or by the enforcement of any Lien granted to secure the German Parallel Debt, shall be applied in accordance with this Indenture. 

(e)    Without limiting or affecting any Notes Collateral Agent’s rights against the Company and the
Note Guarantors (whether under this Section 13.5 or under any other provision of this Indenture or any Collateral Document), the Company and each Note Guarantor acknowledge that: 

(i)    nothing in this Section 13.5 shall impose any obligation on any Notes Collateral Agent to
advance any sum to the Company or any Note Guarantor or otherwise under this Indenture or any Collateral Document, except in its capacity, if any, as a Holder; and 

(ii)    for the purpose of any vote taken under this Indenture or any Collateral Document, no Notes
Collateral Agent shall be regarded as having any participation or commitment other than those which it has in its capacity, if any, as a Holder. 

(f)    For the purposes of any German Security (where “German Security” means any security
interest created under the Collateral Documents governed by German law) in addition to the provision set out in this Indenture, the specific provisions set out in this paragraph (f) of this Section 13.5 shall be applicable. In the case of
any inconsistency, the provisions set out in this paragraph (f) of this Section 13.5 shall prevail. The provisions set out in this paragraph (f) of this Section 13.5 shall not constitute a trust pursuant to the laws of the State
of New York but a fiduciary relationship (Treuhand) within the meaning of German law. 

(i)    Any German Security which is solely constituted by accessory (akzessorische) security
interests, the relevant Notes Collateral Agent shall administer and, as the case may be, enforce or release that German Security in the name of and for and on behalf of the First Lien Notes Secured Parties and shall hold, administer and, as the case
may be, enforce or release that German Security in its own name on the basis of its own rights under this Section 13.5 (Parallel Debt and Collateral (Germany). 

  
 -95- 

 (ii)    It is hereby acknowledged that each Notes Collateral
Agent (being released from any restrictions imposed by Section 181 German Civil Code (Bürgerliches Gesetzbuch) and/or similar restrictions applicable pursuant to any other law) is hereby instructed and authorized (with the right of
sub delegation) to act as agent (Stellvertreter) of the First Lien Notes Secured Parties (other than that Notes Collateral Agent) and in particular (without limitation) to enter into and amend any documents evidencing German Security
and to make and accept all declarations and take all actions it considers necessary or useful in connection with any German Security on behalf of that First Lien Notes Secured Party. Each Notes Collateral Agent shall further be entitled to enforce
or release any German Security, to perform any rights and obligations under any documents evidencing German Security and to execute new and different documents evidencing or relating to the German Security. 

Section 13.6    Parallel Debt (Belarus). 

(a)    For purposes of each Collateral Document governed by the laws of (or to the extent affecting assets situated in)
Belarus, notwithstanding anything to the contrary contained herein or in any Collateral Document: 

(i)    The Company and each Note Guarantor must pay the applicable Notes Collateral Agent, as an
independent and separate creditor, an amount equal to each Secured Party Claim on its due date (each a “Notes Collateral Agent Claim”). For the purposes of Belarusian law, each Notes Collateral Agent is the joint and several
creditor with each other First Lien Notes Secured Party in respect of each Secured Party Claim, having an independent right to demand and enforce payment of each Notes Collateral Agent Claim on the terms set out in clauses (v) to (xii) below.

 (ii)    Unless expressly provided to the contrary in this Indenture or any Collateral Document, the
applicable Notes Collateral Agent holds: 
 (1)    the benefit of any Notes Collateral Agent Claims; and

 (2)    any proceeds of the enforcement of any Collateral Documents governed by Belarusian law, for the
benefit, and as the property, of, and on trust for, the First Lien Notes Secured Parties and so that they are not available to the personal creditors of any Notes Collateral Agent. 

(iii)    Each Notes Collateral Agent will separately identify in its records the property rights referred
to in clause (i) above. 
 (iv)    The property rights under clause (i) above are located in
the jurisdiction where a Notes Collateral Agent maintains its accounts in respect of those property rights. 

(v)    The applicable Notes Collateral Agent may enforce performance of any Notes Collateral Agent Claim in
its own name as an independent and separate right. This includes filing any suit, execution, enforcement of Collateral Documents governed by Belarusian law in accordance with their respective terms, recovery of guarantees and applications for and
voting in respect of any kind of insolvency proceeding. 
 (vi)    Each First Lien Notes Secured Party
must, at the request of the applicable Notes Collateral Agent, perform any act required in connection with the enforcement of any Notes Collateral Agent Claim. This includes issuing a power of attorney to such Notes Collateral Agent and joining in
any proceedings as co-claimant with such Notes Collateral Agent. 

(vii)    Unless such Notes Collateral Agent fails to enforce a Notes Collateral Agent Claim within a
reasonable time after its due date, a First Lien Notes Secured Party may not take any action to enforce the corresponding Secured Party Claim unless it is requested to do so by the applicable Notes Collateral Agent. 

  
 -96- 

 (viii)    The Company and each Note Guarantor irrevocably and
unconditionally waives any right it may have to require a First Lien Notes Secured Party to join in any proceedings as co-claimant with a Notes Collateral Agent in respect of any Notes Collateral Agent Claim.

 (ix)    Discharge by the Company or a Note Guarantor of a Secured Party Claim will discharge the
corresponding Notes Collateral Agent Claim in the same amount and discharge by the Company or Note Guarantor of a Notes Collateral Agent Claim will discharge the corresponding Secured Party Claim in the same amount. 

(x)    The aggregate amount of the Notes Collateral Agent Claims will never exceed the aggregate amount of
Secured Party Claims. 
 (xi)    A defect affecting a Notes Collateral Agent Claim against the Company or
a Note Guarantor will not affect any Secured Party Claim and a defect affecting a Secured Party Claim against the Company or a Note Guarantor will not affect any Notes Collateral Agent Claim. 

(xii)    If a Notes Collateral Agent returns to the Company or any Note Guarantor, whether in any kind of
insolvency proceedings or otherwise, any recovery in respect of which it has made a payment to a First Lien Notes Secured Party, that First Lien Notes Secured Party must repay an amount equal to that recovery to such Notes Collateral Agent. 

(b)    Each First Lien Notes Secured Party: 

(i)    Confirms its approval of each Collateral Document governed by Belarusian law; and 

(ii)    Authorizes and directs each Notes Collateral Agent to enter into and enforce the Collateral
Documents governed by Belarusian law in its own name as the joint and several creditor with each First Lien Notes Secured Party. 

Section 13.7    Parallel Debt (Belgium). 

(a)    For the purpose of this Section 13.7, “Corresponding Obligations” means, with respect to each Note
Guarantor incorporated under the laws of Belgium (each, a “Belgian Guarantor”), any Note Guarantor’s obligations and liabilities (whether present or future, actual or contingent, and whether incurred jointly or severally, and
whether as principal, guarantor or in some other capacity) to the Trustee or one or more Holders (or any of their successors, transferees or assigns) (i) under or in connection with this Indenture or the Collateral Documents (but, for the
avoidance of doubt, excluding the Parallel Debt Undertaking (as defined below)), as the same may be amended, supplemented, extended or restated from time to time (including by way of novation), however fundamental any amendment, supplement,
extension or restatement may be, including (without affecting the generality of the foregoing) a change of purpose of any facility or the addition of any facility, or (ii) in connection with any other Indebtedness as the Notes Collateral Agents
(acting on instructions of all Holders) and the Company may agree from time to time. 
 (b)    Each Belgian Guarantor
irrevocably and unconditionally undertakes to pay to the applicable Notes Collateral Agent amounts equal to the Corresponding Obligations as they may exist from time to time (each, a “Parallel Debt Undertaking”). Each Parallel Debt
Undertaking will become due and payable at the same time as the Corresponding Obligations become due and payable. 

(c)    The rights of each Notes Collateral Agent under this Section 13.7 are several and independent from any right
that a Holder may have under this Indenture or the Collateral Documents. Each Notes Collateral Agent may therefore enforce performance of the Parallel Debt Undertaking in its own name as an independent and separate right. This includes any suit,
execution, enforcement of security, recovery of guarantees and applications for and voting in respect of any kind of insolvency proceeding. 

  
 -97- 

 (d)    An amount paid by a Belgian Guarantor to any Notes Collateral Agent in
respect of the Parallel Debt Undertaking will discharge the liability of such Belgian Guarantor under the Corresponding Obligations in an equal amount. 

(e)    The aggregate amount outstanding under the Parallel Debt Undertaking will never exceed the aggregate amount
outstanding under the Corresponding Obligations. 
 (f)    Each Collateral Agent acts under this Indenture and the
Collateral Documents as a creditor under the Parallel Debt Undertaking. 
 Section 13.8    Parallel Debt
(Mexico). For the purpose of any Collateral Document or Lien governed by the laws of Mexico (the “Mexican Security Documents”) and all security interests created thereunder: 

(a)    Notwithstanding any other provision of this Indenture, the Company and each Note Guarantor hereby
irrevocably and unconditionally undertakes to pay to the applicable Notes Collateral Agent, as creditor in its own right and not as representative of the other First Lien Notes Secured Parties, sums equal to and in the currency of each amount
payable by the Company and each such Note Guarantor to each of the First Lien Notes Secured Parties under this Indenture, The Notes and each of the Collateral Documents as and when that amount falls due for payment under this Indenture, the Notes or
the relevant Collateral Document (the “Mexican Parallel Debt”) 
 (b)    The Company and
each Note Guarantor and each Notes Collateral Agent acknowledge that the obligations of the Company and each Note Guarantor under paragraph (a) above are several and are separate and independent from, and shall not in any way limit or affect,
the corresponding obligations of the Company or that Note Guarantor, as applicable, to any First Lien Notes Secured Party under this Indenture, the Notes or any Collateral Document (as used in this Section 13.8, its “Corresponding
Debt”) nor shall the amounts for which the Company and each Note Guarantor is liable under the Mexican Parallel Debt be limited or affected in any way by its Corresponding Debt; provided that: 

(i)    The Mexican Parallel Debt of the Company and each Note Guarantor shall be decreased to the extent
that its Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; 

(ii)    The Corresponding Debt of the Company and each Note Guarantor shall be decreased to the extent that
its Mexican Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; 

(iii)    The Mexican Parallel Debt will become due and payable at the same time as the Corresponding Debt
becomes due and payable; and 
 (iv)    The aggregate amount outstanding under the Mexican Parallel Debt
will never exceed the aggregate amount outstanding under the Corresponding Debt. 
 (c)    For the
purpose of this Section 13.8, each Notes Collateral Agent acts in its own name and not as a trustee, and its claims in respect of the Mexican Parallel Debt shall not be held on trust. The Collateral granted under the Mexican Security Documents
to the applicable Notes Collateral Agent pursuant to the provisions of this Section 13.8 is granted to such Notes Collateral Agent in its capacity as creditor of the Mexican Parallel Debt and shall not be held on trust. 

(d)    All moneys received or recovered by any Notes Collateral Agent pursuant to this Section 13.8,
and all amounts received or recovered by any Notes Collateral Agent from or by the enforcement of any Collateral granted under the Mexican Security Documents, shall be applied in accordance with this Indenture. 

  
 -98- 

 (e)    For the purpose of any vote taken under this Indenture
or any Collateral Document, no Notes Collateral Agent shall be regarded as having any participation or commitment other than those which it has, if any, in its capacity as a Holder. 

Section 13.9    Parallel Debt (Switzerland). For the purpose of any Collateral Document or Lien governed by
the laws of Switzerland (the “Swiss Security Documents”) and all security interests created thereunder: 

(a)    Notwithstanding any other provision of this Indenture, the Company and each Note Guarantor hereby
irrevocably and unconditionally undertakes to pay to the applicable Notes Collateral Agent, as creditor in its own right and not as representative of the other First Lien Notes Secured Parties, amounts equal to and in the currency of each Payable
Amount as and when that Payable Amount falls due for payment under this Indenture, the Notes or the relevant Collateral Document (the “Swiss Parallel Debt”). For the purpose of this Section 13.9, “Payable
Amount” means in relation to the Company or a Note Guarantor, any amount payable by the Company or such Note Guarantor to each of the First Lien Notes Secured Parties under this Indenture, the Notes and each of the Collateral Documents, but
excluding any amounts of parallel debt payable by the Company or such Note Guarantor pursuant to this Article 13. 

(b)    The Company and each Note Guarantor and each Notes Collateral Agent acknowledge that the obligations
of the Company and each Note Guarantor under paragraph (a) above are several and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of the Company or that Note Guarantor, as applicable, to
any First Lien Notes Secured Party under this Indenture, the Notes or any Collateral Document (as used in this Section 13.9, its “Corresponding Debt”) nor shall the amounts for which the Company and each Note Guarantor is
liable under the Swiss Parallel Debt be limited or affected in any way by its Corresponding Debt; provided that: 

(i)    the Swiss Parallel Debt of the Company and of each Note Guarantor shall be decreased to the extent
that its Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; 

(ii)    the Corresponding Debt of the Company and of each Note Guarantor shall be decreased to the extent
that its Swiss Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; and 

(iii)    the amount of the Swiss Parallel Debt of the Company or, respectively, a Note Guarantor shall at
all times be equal to the amount of its Corresponding Debt. 
 (c)    All monies received or recovered by
any Notes Collateral Agent pursuant to this Section 13.9, and all amounts received or recovered by any Notes Collateral Agent from or by the enforcement of any Collateral granted under the Swiss Security Documents, shall be applied in
accordance with this Indenture. 
 (d)    For the purpose of any vote taken under this Indenture, the
Notes or any Collateral Document, no Notes Collateral Agent shall be regarded as having any participation or commitment other than those which it has, if any, in its capacity as a Holder. 

Section 13.10    Additional Parallel Debt Provisions. In the case of any Note Guarantor that becomes a Note
Guarantor after the Issue Date and is located in a jurisdiction where Parallel Debt provisions are customary or required, the Company, the Note Guarantors and the Trustee are hereby authorized to provide for Parallel Debt, in customary form (as
determined by the Company in its sole discretion) in the supplemental indenture with respect to such Guarantor’s guarantee. The Trustee and the Company, without the consent of any Holder, may also incorporate into this Indenture additional
Parallel Debt provisions as necessary to address After-Acquired Property in any jurisdiction where no assets are pledged by a guarantor organized therein on the Issue Date. 

[SIGNATURE PAGES FOLLOW] 

  
 -99- 

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

					
	VALEANT PHARMACEUTICALS INTERNATIONAL, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	GUARANTORS:
	
	VALEANT PHARMACEUTICALS INTERNATIONAL, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	VALEANT PHARMACEUTICALS INTERNATIONAL
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	BAUSCH & LOMB INCORPORATED
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	BAUSCH & LOMB HOLDINGS INCORPORATED
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Vice President and Treasurer
	
	SOLTA MEDICAL, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	ATON PHARMA, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	CORIA LABORATORIES, LTD.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	DOW PHARMACEUTICAL SCIENCES, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	OBAGI MEDICAL PRODUCTS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	OMP, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	ONPHARMA INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

					
	Signed by	 		 	
	Valeant Holdco 2 Pty Ltd (ACN 154 341 367)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by two directors:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director (please print)
			
	Signed by	 		 	
	Wirra Holdings Pty Limited (ACN 122 216 577)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by two directors:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director (please print)
			
	Signed by	 		 	
	Wirra Operations Pty Limited (ACN 122 250 088)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by two directors:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director (please print)

  
 [Signature Page to
Indenture] 

					
	Signed by	 		 	
	Wirra IP Pty Limited (ACN 122 536 350)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by two directors:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director (please print)
			
	Signed by	 		 	
	iNova Pharmaceuticals (Australia) Pty Ltd (ACN 000 222 408)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by two directors:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director (please print)

  
 [Signature Page to
Indenture] 

					
	Signed by	 		 	
	Valeant Pharmaceuticals Australasia Pty Limited
(ACN 001 083 352)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by a director and secretary/director:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director/secretary
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director/secretary (please print)
			
	Signed by	 		 	
	DermaTech Pty Limited (ACN 003 982 161)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by a director and secretary/director:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director/secretary
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director/secretary (please print)
			
	Signed by	 		 	
	Private Formula International Holdings Pty Ltd
(ACN 095 450 918)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by a director and secretary/director:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director/secretary
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director/secretary (please print)

  
 [Signature Page to
Indenture] 

					
	Signed by	 		 	
	Private Formula International Pty Ltd (ACN 095 451 442)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by a director and secretary/director:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director/secretary
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director/secretary (please print)
			
	Signed by	 		 	
	Ganehill Pty Ltd (ACN 065 261 538)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by a director and secretary/director:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director/secretary
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director/secretary (please print)
			
	Signed by	 		 	
	Valeant (Australia) Pty Limited (ACN 000 650 251)	 		 	
	in accordance with section 127 of the Corporations Act 2001 by a director and secretary/director:	 		 	
			
	 /s/ Avinesh Prasad
	 		 	 /s/ Linda A. LaGorga

	Signature of director	 		 	Signature of director/secretary
			
	 Avinesh Prasad
	 		 	 Linda A. LaGorga

	Name of director (please print)	 		 	Name of director/secretary (please print)

  
 [Signature Page to
Indenture] 

					
	HYTHE PROPERTY INCORPORATED
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

					
	VALEANT PHARMACEUTICALS NOMINEE BERMUDA
		
	By:	 	 /s/ Graham Jackson

		 	Name:	 	Graham Jackson
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

					
	PROBIÓTICA LABORATÓRIOS LTDA.
		
	By:	 	 /s/ Carlos Alberto Andrade Pires da Silva

		 	Name:	 	Carlos Alberto Andrade Pires da Silva
		 	Title:	 	Officer

  
 [Signature Page to
Indenture] 

					
	TECHNOLAS PERFECT VISION, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	BAUSCH & LOMB PHARMA HOLDINGS CORP.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	BAUSCH & LOMB CHINA, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	BAUSCH & LOMB SOUTH ASIA, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	BAUSCH & LOMB TECHNOLOGY CORPORATION
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer

  
 [Signature Page to
Indenture] 

					
	RHC HOLDINGS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	SIGHT SAVERS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	BAUSCH & LOMB INTERNATIONAL, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	BAUSCH & LOMB REALTY CORPORATION
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	ISTA PHARMACEUTICALS, LLC
		
	By:	 	Bausch & Lomb Pharma Holdings Corporation, its member
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer

  
 [Signature Page to
Indenture] 

 
					
	VRX HOLDCO, LLC
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer

  
 [Signature Page to
Indenture] 

 
					
	VALEANT CANADA GP LIMITED
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	VALEANT CANADA S.E.C./VALEANT CANADA LP
		
	By:	 	Valeant Canada GP Limited, its general partner
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	V-BAC HOLDING CORP.
		
	By:	 	 /s/ Jeremy Lipshy

		 	Name:	 	Jeremy Lipshy
		 	Title:	 	Vice President
	
	0938638 B.C. ULC
		
	By:	 	 /s/ D. Alexander Matheson

		 	Name:	 	D. Alexander Matheson
		 	Title:	 	Assistant Secretary

  
 [Signature Page to
Indenture] 

 
					
	MEDICIS PHARMACEUTICAL CORPORATION
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	OCEANSIDE PHARMACEUTICALS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	DR. LEWINN’S PRIVATE FORMULA INTERNATIONAL, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	PRINCETON PHARMA HOLDINGS, LLC
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	PRIVATE FORMULA CORP.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	RENAUD SKIN CARE LABORATORIES, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	VALEANT BIOMEDICALS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	VALEANT PHARMACEUTICALS NORTH AMERICA LLC
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	ORAPHARMA, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	ORAPHARMA TOPCO HOLDINGS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	PRESTWICK PHARMACEUTICALS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	SALIX PHARMACEUTICALS, LTD.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	SALIX PHARMACEUTICALS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	OCEANA THERAPEUTICS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	SANTARUS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	INKINE PHARMACEUTICAL COMPANY, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	COVELLA PHARMACEUTICALS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	BIOVAIL INTERNATIONAL S.Á.R.L.
		
	By:	 	 /s/ Frank Deconinck

		 	Name:	 	Frank Deconinck
		 	Title:	 	Manager
	
	VALEANT PHARMACEUTICALS LUXEMBOURG S.Á.R.L.
		
	By:	 	 /s/ Frank Deconinck

		 	Name:	 	Frank Deconinck
		 	Title:	 	Class B Manager
	
	VALEANT INTERNATIONAL LUXEMBOURG S.Á.R.L.
		
	By:	 	 /s/ Frank Deconinck

		 	Name:	 	Frank Deconinck
		 	Title:	 	Class B Manager
	
	BAUSCH & LOMB LUXEMBOURG S.Á.R.L.
		
	By:	 	 /s/ Frank Deconinck

		 	Name:	 	Frank Deconinck
		 	Title:	 	Class B Manager
	
	VALEANT FINANCE LUXEMBOURG S.À R.L.
		
	By:	 	 /s/ Frank Deconinck

		 	Name:	 	Frank Deconinck
		 	Title:	 	Class B Manager
	
	VALEANT HOLDINGS LUXEMBOURG S.À R.L.
		
	By:	 	 /s/ Frank Deconinck

		 	Name:	 	Frank Deconinck
		 	Title:	 	Class B Manager

  
 [Signature Page to
Indenture] 

 
					
	LABORATOIRE CHAUVIN S.A.S.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda LaGorga
		 	Title:	 	General Manager
	
	BAUSCH & LOMB FRANCE S.A.S.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda LaGorga
		 	Title:	 	General Manager
	
	BCF S.A.S.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda LaGorga
		 	Title:	 	General Manager

  
 [Signature Page to
Indenture] 

 
					
	VALEANT PHARMA HUNGARY LLC
		
	By:	 	 /s/ István Langer

		 	Name:	 	István Langer
		 	Title:	 	General Manager
		
	By:	 	 /s/ Zoltán Gábor

		 	Name:	 	Zoltán Gábor
		 	Title:	 	Finance Director

  
 [Signature Page to
Indenture] 

 
					
	VALEANT PHARMACEUTICALS IRELAND
		
	By:	 	 /s/ Roger McGrath

		 	Name:	 	Roger McGrath
		 	Title:	 	Director
	
	VALEANT HOLDINGS IRELAND
		
	By:	 	 /s/ Roger McGrath

		 	Name:	 	Roger McGrath
		 	Title:	 	Director
	
	OCEANA THERAPEUTICS, LIMITED
		
	By:	 	 /s/ Linda LaGorga

		 	Name:	 	Linda LaGorga
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

 
					
	B.L.J. COMPANY, LTD.
		
	By:	 	 /s/ Linda LaGorga

		 	Name:	 	Linda LaGorga
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

 
					
	AB SANITAS
		
	By:	 	 /s/ Karol Michalak

		 	Name:	 	Karol Michalak
		 	Title:	 	General Manager

  
 [Signature Page to
Indenture] 

 
					
	UCYCLYD PHARMA, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	BAUSCH + LOMB OPS B.V.
		
	By:	 	 /s/ Patrick Emanuel Petrus Jacobus Günther

		 	Name:	 	Patrick Emanuel Petrus Jacobus Günther
		 	Title:	 	Attorney-in-fact

  
 [Signature Page to
Indenture] 

 
					
	PRZEDSIĘBIORSTWO FARMACEUTYCZNE JELFA S.A.
		
	By:	 	 /s/ Waldemar Stępień

		 	Name:	 	Waldemar Stępień
		 	Title:	 	President of the Management Board
		
	By:	 	 /s/ Ryszard Bukowski

		 	Name:	 	Ryszard Bukowski
		 	Title:	 	Member of the Management Board
	
	VALEANT SP.Z O. O.
		
	By:	 	 /s/ Tadeusz Pietrasz

		 	Name:	 	Tadeusz Pietrasz
		 	Title:	 	Member of the Management Board
	
	VP VALEANT SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ SP.J.
	By:	 	Valeant sp. z o.o., in its capacity as General Partner
		
	By:	 	 /s/ Tadeusz Pietrasz

		 	Name:	 	Tadeusz Pietrasz
		 	Title:	 	Member of the Management Board
	
	VALEANT PHARMA POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
		
	By:	 	 /s/ Tadeusz Pietrasz

		 	Name:	 	Tadeusz Pietrasz
		 	Title:	 	Member of the Management Board

  
 [Signature Page to
Indenture] 

 
					
	PHARMASWISS D.O.O.
		
	By:	 	 /s/ Aljoša Tovornik

		 	Name:	 	Aljoša Tovornik
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

 
					
	PHARMASWISS SA
		
	By:	 	 /s/ Matthias Courvoisier

		 	Name:	 	Matthias Courvoisier
		 	Title:	 	Director
	
	BAUSCH & LOMB SWISS AG
		
	By:	 	 /s/ Matthias Courvoisier

		 	Name:	 	Matthias Courvoisier
		 	Title:	 	Member of the Board of Directors

  
 [Signature Page to
Indenture] 

 
	
	Executed by BAUSCH & LOMB U.K. LIMITED, acting by:
	
	/s/ Linda A. LaGorga
	Director
	
	 Name of director: Linda A. LaGorga
 in the
presence of:

	
	/s/ Alex Matheson
	Name of witness: Alex Matheson

  
 [Signature Page to
Indenture] 

 
					
	BAUSCH & LOMB IOM S.P.A.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

													
	SIGNED for and on behalf of VALEANT PHARMACEUTICALS NEW ZEALAND LIMITED 	  	 

	)
)
)	 
 
 	  		  	
		  				  	 /s/ Linda A. LaGorga
	  	 /s/ Christina Ackermann

		  				  	Name:	  	Linda A. LaGorga	  	Name:	  	Christina Ackermann
		  				  	Title:	  	Director	  	Title:	  	Director

  
 [Signature Page to
Indenture] 

					
	BAUSCH & LOMB NORDIC AB
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

					
	VALEANT LLC
		
	By:	 	 /s/ John Connolly

		 	Name:	 	John Connolly
		 	Title:	 	General Director

  
 [Signature Page to
Indenture] 

					
	DR. GERHARD MANN CHEM.-PHARM. FABRIK GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Managing Director
	
	BAUSCH & LOMB GMBH
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Managing Director
	
	B L E P HOLDING GMBH
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Managing Director
	
	TECHNOLAS PERFECT VISION GMBH
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Managing Director

  
 [Signature Page to
Indenture] 

					
	BAUSCH & LOMB MEXICO, S.A. DE C.V.
		
	By:	 	 /s/ Linda LaGorga

		 	Name:	 	Linda LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	VALEANT PHARMA
		
	By:	 	 /s/ Dmitry Khotko

		 	Name:	 	Dmitry Khotko
		 	Title:	 	General Director

  
 [Signature Page to
Indenture] 

 
					
	BAUSCH & LOMB PHARMA SA
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

 
					
	HUMAX PHARMACEUTICAL S.A.
		
	By:	 	 /s/ Newar Andres Giraldo Alzate

		 	Name:	 	Newar Andres Giraldo Alzate
		 	Title:	 	Legal Representative

  
 [Signature Page to
Indenture] 

 
					
	PRECISION DERMATOLOGY, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	ECR PHARMACEUTICALS CO., INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to
Indenture] 

 
					
	SPROUT PHARMACEUTICALS, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	SYNERGETICS USA, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	UNILENS VISION INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	COMMONWEALTH LABORATORIES, LLC
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Senior Vice President and Treasurer
	
	ALDEN OPTICAL LABORATORIES, INC.
		
	By:	 	 /s/ Linda A. LaGorga

		 	Name:	 	Linda A. LaGorga
		 	Title:	 	Treasurer
	
	VALEANT DWC-LLC
		
	By:	 	 /s/ Mohamed Ibrahim

		 	Name:	 	Mohamed Ibrahim
		 	Title:	 	General Manager
		
	By:	 	 /s/ Nicolas Esmieu

		 	Name:	 	Nicolas Esmieu
		 	Title:	 	General Manager

  
 [Signature Page to
Indenture] 

 
					
	THE BANK OF NEW YORK MELLON, AS TRUSTEE
		
	By:	 	 /s/ Catherine F. Donohue

		 	Name:	 	Catherine F. Donohue
		 	Title:	 	Vice President

  
 [Signature Page to
Indenture] 

 
					
	THE BANK OF NEW YORK MELLON, AS NOTES COLLATERAL AGENT
		
	By:	 	 /s/ Catherine F. Donohue

		 	Name:	 	Catherine F. Donohue
		 	Title:	 	Vice President

  
 [Signature Page to
Indenture] 

 
					
	THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS NOTES COLLATERAL AGENT
		
	By:	 	 /s/ Catherine F. Donohue

		 	Name:	 	Catherine F. Donohue
		 	Title:	 	Vice President

  
 [Signature Page to
Indenture] 

 
					
	BTA INSTITUTIONAL SERVICES AUSTRALIA LIMITED, AS NOTES COLLATERAL AGENT
		
	By:	 	 /s/ Andrea Ruver

		 	Name:	 	Andrea Ruver
		 	Title:	 	Vice President

  
 [Signature Page to
Indenture] 

 
					
	BNY MELLON CORPORATE TRUSTEE SERVICES LIMITED, AS NOTES COLLATERAL AGENT
		
	By:	 	 /s/ Catherine F. Donohue

		 	Name:	 	Catherine F. Donohue
		 	Title:	 	Attorney-in-Fact

  
 [Signature Page to
Indenture] 

 
					
	LORD SECURITIES CORPORATION, AS NOTES COLLATERAL AGENT
		
	By:	 	 /s/ Albert J. Fioravanti

		 	Name:	 	Albert J. Fioravanti
		 	Title:	 	Director

  
 [Signature Page to
Indenture] 

 EXHIBIT A 

VALEANT PHARMACEUTICALS INTERNATIONAL, INC. 

5.500% SENIOR SECURED NOTES DUE 2025 

[FORM OF FACE OF NOTE] 
 [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 IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE
OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.]1 

[THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY
NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL
BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT OR (C) IT IS AN ACCREDITED INVESTOR (AS
DEFINED IN RULE 501(a)(1), (2), (3), OR (7) UNDER THE SECURITIES ACT (AN “ACCREDITED INVESTOR”), (2) AGREES THAT IT WILL NOT PRIOR TO THE FIRST ANNIVERSARY OF THE ORIGINAL ISSUANCE OF THIS NOTE RESELL OR OTHERWISE TRANSFER THIS NOTE
EXCEPT (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) INSIDE THE UNITED STATES TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) INSIDE THE UNITED STATES TO AN ACCREDITED INVESTOR THAT,
PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER- DEALER) TO THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS NOTE (THE FORM OF WHICH
LETTER CAN BE OBTAINED FROM THE TRUSTEE FOR THIS NOTE), (D) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT (IF AVAILABLE), (E) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE
144 UNDER THE SECURITIES ACT (IF AVAILABLE), (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE ISSUER SO REQUESTS), OR (G) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY 

 

	1 	 Include only if the Note is a Global Note. 

  
 A-1 

 
TO THE EFFECT OF THIS LEGEND. IN CONNECTION WITH ANY TRANSFER OF THIS NOTE WITHIN ONE YEAR AFTER THE ORIGINAL ISSUANCE OF THIS NOTE, IF THE PROPOSED TRANSFEREE IS AN ACCREDITED INVESTOR, THE
HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE TRUSTEE AND THE ISSUER SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS EITHER OF THEM MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM,
OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING GIVEN TO THEM BY REGULATION S
UNDER THE SECURITIES ACT.]2 
 [CANADIAN RESALE LEGEND 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS NOTE OR A BENEFICIAL INTEREST HEREIN MUST NOT TRADE THIS NOTE OR THE
BENEFICIAL INTEREST HEREIN BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER OCTOBER 17, 2017.]3 

[THIS NOTE AND ANY RELATED DOCUMENTATION MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME TO MODIFY THE RESTRICTIONS ON RESALES AND OTHER
TRANSFERS OF THIS NOTE TO REFLECT ANY CHANGE IN APPLICABLE LAW OR REGULATION (OR THE INTERPRETATION THEREOF) OR IN PRACTICES RELATING TO THE RESALE OR TRANSFER OF RESTRICTED SECURITIES GENERALLY. THE HOLDER OF THIS NOTE SHALL BE DEEMED BY THE
ACCEPTANCE OF THIS NOTE TO HAVE AGREED TO ANY SUCH AMENDMENT OR SUPPLEMENT.]4 
  

 

	2 	Include only if the Note is a Restricted Note. 

	3 	Include until no longer necessary under Canadian securities laws. 

	4 	Include only if the Note is a Restricted Note. 

  
 A-2 

 VALEANT PHARMACEUTICALS INTERNATIONAL, INC. 

 

			
	CUSIP: 144A: 91911K AN2, Reg. S: C94143 AL5	  	
	ISIN: 144A: US91911KAN28, Reg. S: USC94143AL56	  	No. [    ]

 5.500% SENIOR SECURED NOTES DUE 2025 

Valeant Pharmaceuticals International, Inc., a corporation continued under the British Columbia Business Corporations Act (the
“Company,” which term shall include any successor corporation under the Indenture referred to on the reverse hereof) promises to pay to
                                         or its
registered assigns, the principal sum of
                                         Dollars
($        ) on November 1, 2025 [or such greater or lesser amount as is indicated on the Schedule of Exchanges of Notes on the other side of this
Note]5 and to pay interest thereon as provided on the other side of this Note. 

Interest Payment Dates: May 1 and November 1, beginning May 1, 2018. 

Record Dates: April 15 and October 15. 

Additional provisions of this Note are set forth on the other side of this Note. 

 
  

	5 	Include only if the Note is a Global Note. 

  
 A-3 

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

 

			
	VALEANT PHARMACEUTICALS INTERNATIONAL, INC.
		
	By:	 	
                     
                                         
                  

		 	Name:
		 	Title:

  
 A-4 

 Trustee’s Certificate of Authentication: 

This is one of the Notes referred to in the within- 
 mentioned
Indenture for the 5.500% Senior Secured 
 Notes due 2025. 
  

			
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	  

		 	Authorized Signatory
		
	Dated:	 	  

  
 A-5 

 [FORM OF REVERSE SIDE OF NOTE] 

VALEANT PHARMACEUTICALS INTERNATIONAL, INC. 

5.500% SENIOR SECURED NOTES DUE 2025 
  

	1.	INTEREST 

 The Company shall pay interest on this Note semiannually in arrears on May 1 and
November 1, each an “interest payment date,” of each year, commencing on May 1, 2018, at the rate per annum specified in the title of this Note. Interest shall accrue from and including October 17, 2017 or else the
most recent interest payment date to which interest had been paid or duly provided for to but excluding the date on which such interest is paid. Interest on this Note will be computed on the basis of a 360-day
year of twelve 30-day months. 
 The Company shall, (in immediately available funds) to the fullest
extent permitted by law, pay interest on overdue principal (including premium, if any) and overdue installments of interest from the original due date to the date paid, at the rate applicable to this Note, which interest shall be payable on demand.

 The interest so payable and punctually paid or duly provided for on any interest payment date will be paid to the Person in whose name
this Note is registered at the close of business on April 15 or October 15 preceding such interest payment date (the “Record Date”) except as provided in the Indenture. Payment of the principal of (and premium, if any) and
interest on this Note will be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts and as otherwise provided in the Indenture. 

 

	2.	METHOD OF PAYMENT 

 [The Company will make payments in respect of this Note (including
principal, premium, if any, interest) by wire transfer of immediately available funds to the accounts specified by the Holder.]6 [The Company will make all payments of principal, interest and
premium, if any, with respect to this Note by wire transfer of immediately available funds to the accounts specified by the Holders, in the case of a Holder holding an aggregate principal amount of Notes of $1,000,000 or more, or, if no such account
is specified or in the case of a Holder holding an aggregate principal amount of Notes of less than $1,000,000, by mailing a check to each such Holder’s registered address.]7 All payments
shall be made in immediately available funds in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments to any Holder holding an aggregate principal amount of
Notes in excess of $1,000,000 shall be made by wire transfer in immediately available funds to an account maintained by such Holder in the United States, if such Holder has provided wire transfer instructions to the Company at least 10 Business Days
prior to the payment date. Any wire transfer instructions received by the Trustee will remain in effect until revoked by the Holder. Notwithstanding the foregoing, so long as this Note is registered in the name of a Depositary or its nominee, all
payments hereon shall be made by wire transfer of immediately available funds to the account of the Depositary or its nominee. 
  

	3.	PAYING AGENT AND REGISTRAR 

 Initially, The Bank of New York Mellon (the
“Trustee”) will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to the Holder. The Company or any of their Subsidiaries may, subject to certain limitations set forth in the
Indenture, act as Paying Agent or Registrar. 
  
  

	6 	Include only if the Note is a Global Note. 

	7 	Include only if the Note is a Definitive Note. 

  
 A-6 

	4.	INDENTURE, LIMITATIONS 

 This Note is one of a duly authorized issue of Notes of the Company
designated as its 5.500% Senior Secured Notes due 2025 (the “Notes”), issued under an Indenture dated as of October 17, 2017 (together with any supplemental indentures thereto, the “Indenture”), among the
Company, the Note Guarantors and the Trustee. The terms of this Note include those stated in the Indenture. This Note is subject to all such terms, and the Holder of this Note is referred to the Indenture and said Act for a statement of them.
Capitalized terms used and not defined herein have the meanings assigned to such terms in the Indenture. 
 The Company shall be entitled to
issue Additional Notes pursuant to Section 2.1(c) of the Indenture. 
  

	5.	OPTIONAL REDEMPTION; PURCHASE OF NOTES AT OPTION OF HOLDER. 

(a)    Optional Redemption. The Notes are redeemable at the option of the Company at the prices, and upon the terms
and conditions, set forth in Section 3.7 of the Indenture. 
 (b)    Repurchase at Option of Holder. If
there is a Change of Control, the Company shall be required to make an offer (a “Change of Control Offer”) to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of each Holder’s
Notes at a purchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon, if any, to, but excluding, the date of purchase. Within 30 days following any Change of Control, the Company shall transmit a
notice to each Holder setting forth the procedures governing the Change of Control Offer as required by the Indenture. 
 If after the
Company or a Restricted Subsidiary consummates any Asset Sale, the Company may be required to purchase Notes, as further specified in the Indenture. 

(d)     Notice of Redemption. Notice of redemption will be given at least 30 days but not more than 60 days before
the redemption date to each Holder whose Notes are to be redeemed at its registered address. Notes in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the Notes held by a Holder are to be
redeemed. On and after the redemption date, subject to satisfaction of any conditions precedent, interest ceases to accrue on Notes or portions thereof called for redemption. 
  

	6.	DENOMINATIONS, TRANSFER, EXCHANGE, CANCELLATION 

 The Notes are in registered form, without
coupons, in denominations of $2,000 and integral multiples of $1,000 in excess thereof. A Holder may register the transfer of or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and to pay any taxes or other governmental charges that may be imposed in relation thereto by law or permitted by the Indenture. 

All Notes surrendered for payment, registration of transfer or exchange or conversion will, if surrendered to the Company or any of its other
Agents with respect to the Notes, be delivered to the Trustee. The Trustee will promptly cancel all Notes delivered to it. No Notes will be authenticated in exchange for any Notes cancelled, except as provided in the Indenture. 

 

	7.	PERSONS DEEMED OWNERS 

 The Holder of a Note may be treated as the owner of it for all purposes.

  

	8.	GUARANTEES, COLLATERAL 

 This Note is guaranteed, as set forth in the Indenture, and is secured
by Liens on certain Collateral as specified in the Indenture and the Collateral Documents. 

  
 A-7 

	9.	UNCLAIMED MONEY 

 If money for the payment of principal or interest remains unclaimed for two
years, the Trustee or Paying Agent will pay the money back to the Company at its written request, subject to applicable unclaimed property law. After that, Holders entitled to money must look to the Company for payment as general creditors unless an
applicable abandoned property law designates another person. 
  

	10.	AMENDMENT, SUPPLEMENT AND WAIVER 

 Subject to certain exceptions, the Indenture (with respect to
the Notes) 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 Notes then outstanding, and an existing default or Event of Default and its consequence or compliance
with any provision of the Indenture or the Notes may be waived in a particular instance with the consent of the Holders of a majority in aggregate principal amount of the Notes then outstanding. Without the consent of or notice to any Holder, the
Company and the Trustee may amend or supplement the Indenture (with respect to the Notes) or the Notes to, among other things, cure any ambiguity, defect or inconsistency or make any other change that does not adversely affect the rights of any
Holder. 
 In addition, except as set forth under Article 10, without the consent of Holders of at least 66 2/3% in principal amount of the
Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes), no amendment or supplement may release the Note Guarantees and the Collateral. 

 

	11.	SUCCESSOR ENTITY 

 When a successor corporation assumes all the obligations of its predecessor
under the Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation (except in certain circumstances specified in the Indenture) shall be released from those obligations. 

 

	12.	DEFAULTS AND REMEDIES 

 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 Notes may declare all the Notes to be due and payable. If a bankruptcy or insolvency default with respect to the Company occurs and is continuing, the Notes
automatically become due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain
limitations, Holders of a majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise of remedies. 
  

	13.	TRUSTEE DEALINGS WITH THE COMPANY 

 The Bank of New York Mellon, the Trustee under the
Indenture, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company or an Affiliate of the Company and may otherwise deal with the Company or an Affiliate of the Company as if it were not
the Trustee. 
  

	14.	NO RECOURSE AGAINST OTHERS 

 A director, officer, employee or shareowner, as such, of the
Company or any Note Guarantor shall not have any liability for any obligations of the Company or any Note Guarantor under the Notes or the Indenture nor for any claim based on, in respect of or by reason of such obligations or their creation. The
Holder of this Note by accepting this Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of this Note. 

  
 A-8 

	15.	AUTHENTICATION 

 This Note shall not be valid until the Trustee or an authenticating agent
manually signs the certificate of authentication on the other side of this Note. 
  

	16.	ABBREVIATIONS AND DEFINITIONS 

 Customary abbreviations may be used in the name of the 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 UGMA (= Uniform Gifts to Minors Act). 

 

	17.	INDENTURE TO CONTROL; GOVERNING LAW 

 In the case of any conflict between the provisions of this
Note and the Indenture, the provisions of the Indenture shall control. This Note shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to principles of conflicts of law. 

The Company will furnish to any Holder, upon written request and without charge, a copy of the Indenture. Requests may be made to: Valeant
Pharmaceuticals International, Inc., 400 Somerset Corporate Boulevard, Bridgewater, New Jersey 08807, Telephone: (905) 286-3000, Attention: Investor Relations. 

  
 A-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Note to 
  

	
	  

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

	
	  

	
	  

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

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

 

							
		 		 		 	Your Signature:
				
	Date:	 	  
	 		 	  

		 		 		 	(Sign exactly as your name appears on the other side of this Note)
	
	 *  Signature guaranteed
by:

  

			
	By:	 	  

  

	*	The signature must be guaranteed by an institution which is a member of one of the following recognized signature guaranty programs: (i) the Securities Transfer Agent Medallion Program (STAMP); (ii) the New York
Stock Exchange Medallion Program (MSP); (iii) the Stock Exchange Medallion Program (SEMP); or (iv) such other guaranty program acceptable to the Trustee. 

  
 A-10 

 OPTION TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 3.8 or Section 4.14 of the Indenture, check the appropriate box
below: 
 ☐  Section
3.8            ☐  Section 4.14 
 If you want to elect to have only part of
the Note purchased by the Company pursuant to Section 3.8 or Section 4.14 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-11 

 SCHEDULE OF EXCHANGES OF NOTES8 

The following exchanges, repurchases or conversions of a part of this global Note have been made: 

 

							
	 PRINCIPAL AMOUNT

OF THIS GLOBAL

NOTE FOLLOWING

SUCH DECREASE DATE

OF EXCHANGE

(OR INCREASE)
	 	 AUTHORIZED

SIGNATORY OF
 NOTES

CUSTODIAN
	 	 AMOUNT OF DECREASE

IN PRINCIPAL AMOUNT

OF THIS GLOBAL

NOTE
	 	 AMOUNT OF INCREASE

IN PRINCIPAL AMOUNT

OF THIS GLOBAL

NOTE

		 		 		 	
		 		 		 	
		 		 		 	

  
  

	8 	This schedule should be included only if the Note is a Global Note. 

  
 A-12 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION 

OF TRANSFER OF RESTRICTED SECURITIES9 

Re: 5.500% Senior Secured Notes due 2025 (the “Notes”) of Valeant Pharmaceuticals International, Inc. (the “Company”). 

This certificate relates to $         principal amount of Notes owned in (check applicable box) 

☐  book-entry or ☐  definitive form
by                     (the “Transferor”). 

The Transferor has requested a Registrar or the Trustee to exchange or register the transfer of such Notes. 

In connection with such request and in respect of each such Note, the Transferor does hereby certify that the Transferor is familiar with
transfer restrictions relating to the Notes as provided in Section 2.12 of the Indenture dated as of October 17, 2017 among Valeant Pharmaceuticals International, Inc., the Note Guarantors party and thereto The Bank of New York Mellon, as
trustee (the “Indenture”), and the transfer of such Note is in accordance with any applicable securities laws of any state and is being made pursuant to an effective registration statement under the Securities Act of 1933, as
amended (the “Securities Act”) (check applicable box) or the transfer or exchange, as the case may be, of such Note does not require registration under the Securities Act because (check applicable box): 

 

	 	☐	Such Note is being transferred pursuant to an effective registration statement under the Securities Act. 

  

	 	☐	Such Note is being acquired for the Transferor’s own account, without transfer. 

  

	 	☐	Such Note is being transferred to the Company or a Subsidiary (as defined in the Indenture) of the Company. 

  

	 	☐	Such Note is being transferred to a person the Transferor reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A or any successor provision thereto (“Rule 144A”)
under the Securities Act) that is purchasing for its own account or for the account of a “qualified institutional buyer,” in each case to whom notice has been given that the transfer is being made in reliance on such Rule 144A, and in each
case in reliance on Rule 144A. 

  

	 	☐	Such Note is being transferred pursuant to and in compliance with an exemption from the registration requirements under the Securities Act in accordance with Rule 144 (or any successor thereto) (“Rule
144”) under the Securities Act. 

  

	 	☐	Such Note is being transferred to a Non-U.S. Person in an offshore transaction in compliance with Rule 904 of Regulation S under the Securities Act (or any successor thereto).

  

	 	☐	Such Note is being transferred to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of the Securities Act) that has provided a letter addressed to the Company, in the
form of Exhibit C attached to the Indenture, containing certain representations and agreements. 

  

							
	Date:	 	                                     
                       	 		 	  

		 		 		 	(Insert Name of Transferor)

  
  

	9 	This certificate should be included only if this Note is a Restricted Note. 

  
 A-13 

 EXHIBIT B 

FORM OF GUARANTEE 
 [Name of Note
Guarantor] and its successors under the Indenture, jointly and severally with any other Note Guarantors, hereby irrevocably and unconditionally (i) guarantee the due and punctual payment of the principal of, premium, if any, and interest on the
Notes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on the overdue principal of and interest, if any, on the Notes, to the extent lawful, and the due and punctual performance of all other
obligations of Valeant Pharmaceuticals International, Inc. (the “Company”) to the Holders or the Trustee, all in accordance with the terms set forth in Article 10 of the Indenture and (ii) in case of any extension of time of
payment or renewal of any Notes or any of such other obligations, guarantee that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or
otherwise. Capitalized terms used herein have the meanings assigned to them in the Indenture unless otherwise indicated. 
 No stockholder,
officer, director or incorporator, as such, past, present or future, of [name of Note Guarantor] shall have any personal liability under this Note Guarantee by reason of his, her or its status as such stockholder, officer, director or incorporator.
This Note Guarantee shall be binding upon [name of Note Guarantor] and its successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of rights
by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions hereof. 

This Note Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Note upon which this Note
Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers. 

THE TERMS OF ARTICLE 10 OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

This Note Guarantee shall be governed by and construed in accordance with the laws of the State of New York. 

 

			
	[NAME OF NOTE GUARANTOR]
		
	By:	 	
                     
                                         
                   

		 	Name:
		 	Title:

  
 B-1 

 EXHIBIT C 

FORM OF CERTIFICATE FROM ACQUIRING 

INSTITUTIONAL ACCREDITED INVESTOR 
 Valeant
Pharmaceuticals International, Inc. 
 400 Somerset Corporate Boulevard 

Bridgewater, NJ 08807 
 Attention: General Counsel 

Facsimile No.: (949) 461-6609 
  

					
	Re:	  	☐	  	5.500% SENIOR SECURED NOTES DUE 2025
		  		  	CUSIP: 144A: 91911K AN2, Reg. S: C94143 AL5
		  		  	ISIN: 144A: US91911KAN28, Reg. S: USC94143AL56

 Dear Sirs: 

Reference is hereby made to the Indenture, dated as of October 17, 2017 (the “Indenture”), among Valeant Pharmaceuticals
International, Inc., as issuer (the “Company”), the Note Guarantors party thereto, The Bank of New York Mellon, N.A., as the Trustee and Notes Collateral Agent and (or) Securities Corporation, as Notes Collateral Agent. Capitalized
terms used but not defined herein shall have the meanings given to them in the Indenture. 
 In connection with our proposed purchase of
$         aggregate principal amount of 5.500% Senior Secured Notes due 2025 (the “Notes”), we confirm that: 

1.    We understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions
and conditions set forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein except in compliance with, such restrictions and conditions and the United States
Securities Act of 1933, as amended (the “Securities Act”). 
 2.    We understand that the offer and
sale of the Notes have not been registered under the Securities Act, and that the Notes and any interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for
which we are acting as hereinafter stated, that if we should sell the Notes or any interest therein, we will do so only (A) to the Company or any of its subsidiaries, (B) in accordance with Rule 144A under the Securities Act to a
“qualified institutional buyer” (as defined therein), (C) inside the United States to an institutional “accredited investor” (as defined below) purchasing for its own account or for the account of another institutional accredited
investor that, prior to such transfer, furnishes (or has furnished on its behalf by a U.S. broker-dealer) to you and to the Company a signed letter substantially in the form of this letter, (D) pursuant to the provisions of Rule 144 under the
Securities Act (if available), (E) in accordance with another exemption from the registration requirements of the Securities Act (and based upon an opinion of counsel acceptable to the Company) or (F) pursuant to an effective registration
statement under the Securities Act, and we further agree to provide to any person purchasing the Notes from us in a transaction meeting the requirements of clauses (A) through (F) of this paragraph a notice advising such purchaser that resales
thereof are restricted as stated herein. 
 3.    We understand that, on any proposed resale of the Notes or beneficial
interest therein, we will be required to furnish to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing
restrictions. We further understand that the Notes purchased by us will bear a legend to the foregoing effect. 

4.    We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of
Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we and any accounts for which we are acting are
each able to bear the economic risk of our or its investment. 

  
 C-1 

 5.    We are acquiring the Notes or beneficial interest therein purchased by
us for our own account or for one or more accounts (each of which is an institutional “Accredited Investor”) as to each of which we exercise sole investment discretion. 

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

							
	Dated:	 		 		 	
			
		 		 	[Insert Name of Accredited Investor]
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 C-2 

 EXHIBIT D 

FORM OF CANADIAN NOTE GUARANTEE 
  

					
	Re:	  	☐	  	5.500% SENIOR SECURED NOTES DUE 2025
		  		  	CUSIP: 144A: 91911K AN2, Reg. S: C94143 AL5
		  		  	ISIN: 144A: US91911KAN28, Reg. S: USC94143AL56

 THIS CANADIAN NOTE GUARANTEE (as amended, restated, modified, renewed or extended from time to time, and
including, for the avoidance of any doubt, the preamble and recitals hereto, this “Canadian Note Guarantee”), is executed and delivered as of ● by ● (“Guarantor”) in favour of The Bank of New York
Mellon, as the Trustee, Registrar and Paying Agent, for the benefit of each Holder (together with the Trustee, collectively, the “Beneficiaries”). 

RECITALS: 
  

	A.	Reference is made to that Indenture dated as of October 17, 2017 among Valeant Pharmaceuticals International, Inc., a Canadian corporation (the “Company”), the Trustee and Notes Collateral Agents
(as amended, supplemented, restated, extended, renewed, or replaced from time to time, the “Indenture”). 

  

	B.	Guarantor is an Affiliate of the Company, and, as such, will benefit by virtue of the financial accommodations extended to the Company pursuant to the Indenture. 

THEREFORE, Guarantor agrees as follows: 

Section 1. 

Definitions and Principles of Interpretation 
  

	1.1.	Definitions. 

 All capitalized terms used and not defined elsewhere in this Canadian Note Guarantee, and
all capitalized terms used and not defined in the provisions incorporated by reference into this Canadian Note Guarantee, shall have the meanings ascribed to them in the Indenture (such meanings to be determined as if such terms were to be
interpreted in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable in the Province of Ontario) and shall be incorporated by reference into this Canadian Note Guarantee, and the following words and terms have
the meanings set out below: 
 “Guaranteed Obligations” has the meaning given to it in Section 2.1(a). 

“Indenture” has the meaning given to it in the recitals to this Canadian Note Guarantee. 

 

	1.2.	Certain Rules of Interpretation. 

 In this Canadian Note Guarantee: 

 

	(a)	Governing Law – This Canadian Note Guarantee (including terms incorporated by reference to the Indenture) is a contract made under and shall be governed by and construed in accordance with the laws of the
Province of Ontario and the federal laws of Canada applicable in the Province of Ontario. 

  

	(b)	Headings – Headings of Articles and Sections are inserted for convenience of reference only and shall not affect the construction or interpretation of this Canadian Note Guarantee. 

 

	(c)	Including – Where the word “including” or “includes” is used in this Canadian Note Guarantee, it means “including (or includes) without limitation.” 

  
 Schedule A-1 

	(d)	No Strict Construction – The language used in this Canadian Note Guarantee is the language chosen by the parties to express their mutual intent, and no rule of strict construction shall be applied against
any party. 

  

	(e)	Number and Gender – Unless the context otherwise requires, words importing the singular include the plural and vice versa and words importing gender include all genders. 

 

	(f)	Statutory references – A reference to a statute includes all regulations made pursuant to such statute and, unless otherwise specified, the provisions of any statute or regulation which amends, revises,
restates, supplements or supersedes any such statute or any such regulation. 

  

	(g)	Time – Time is of the essence in the performance of Guarantor’s obligations under this Canadian Note Guarantee. 

Section 2. 

GUARANTEE 
  

	2.1.	Guarantee of the Obligations. 

  

	(a)	Guarantor hereby unconditionally Guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the
Indenture, the Notes or the obligations of the Company thereunder that: (i) the due and punctual payment of principal, premium and interest on the Notes shall be promptly paid in full when due, whether at maturity, by acceleration, redemption
or otherwise, (ii) the due and punctual payment of interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Company to the Holders or the Trustee under the Indenture or any Note shall
be promptly paid in full or performed, all in accordance with the terms thereof, and (iii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due
or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration pursuant to Section 6.2 of the Indenture or otherwise (collectively, the “Guaranteed Obligations”). Guarantor
agrees that this Canadian Note Guarantee is a guarantee of payment and not a guarantee of collection. Failing payment when due of any Guaranteed Obligations for whatever reason, Guarantor shall be obligated to pay the same immediately.

  

	(b)	 Guarantor hereby agrees that its obligations with regard to its Canadian Note Guarantee shall be unconditional,
irrespective of the validity or enforceability of the Notes or the obligations of the Company under the Indenture, the absence of any action to enforce the same, the recovery of any judgment against the Company or any other obligor with respect to
the Indenture, the Notes or the obligations of the Company under the Indenture or the Notes, any action to enforce the same or any other circumstances (other than complete performance) which might otherwise constitute a legal or equitable discharge
or defense of a guarantor. Guarantor further, to the extent permitted by applicable law, hereby waives and relinquishes all claims, rights and remedies accorded by applicable law to guarantors and shall agree not to assert or take advantage of any
such claims, rights or remedies, including but not limited to: (i) any right to require any Beneficiary, as a condition of payment or performance by Guarantor, to (A) proceed against the Company, any other guarantor (including any other
Note Guarantor) of the Guaranteed Obligations or any other person, (B) proceed against or exhaust any security held from the Company, any such other guarantor or any other person, (C) proceed against or have resort to any balance of any
deposit account or credit on the books of any Beneficiary in favour of the Company or any other person, or (D) pursue any other remedy in the power of any Beneficiary whatsoever; (ii) any defense arising by reason of the incapacity, lack
of authority or any disability or other defense of the Company including any defense based on or arising out of the lack of validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason
of the cessation of the liability of the Company from any cause other than payment in full of the Guaranteed Obligations; (iii) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither
larger in amount nor in other respects more burdensome than that of the principal; (iv) any defense based upon any Beneficiary’s errors or 

  
 Schedule A-2 

	 	
omissions in the administration of the Guaranteed Obligations, except behavior which amounts to bad faith; (v) (A) any principles or provisions of law, statutory or otherwise, which are or
might be in conflict with the terms of this Canadian Note Guarantee and any legal or equitable discharge of Guarantor’s obligations hereunder and under this Canadian Note Guarantee, (B) the benefit of any statute of limitations affecting
Guarantor’s liability hereunder or the enforcement hereof, (C) any rights to set-offs, recoupments and counterclaims and (D) promptness, diligence and any requirement that any Beneficiary
protect, secure, perfect or insure any security interest or lien or any property subject thereto; (vi) notices, demands, presentations, protests, notices of protest, notices of dishonor and notices of any action or inaction, including
acceptance of this Canadian Note Guarantee, notices of default under the Notes or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Guaranteed Obligations or any agreement related thereto, and
notices of any extension of credit to the Company and any right to consent to any thereof; and (vii) any defenses or benefits that may be derived from or afforded by law which limit the liability of or exonerate guarantors or sureties, or which
may conflict with the terms of this Canadian Note Guarantee. 

  

	(c)	If any Holder or the Trustee is required by any court or otherwise to return to the Company, any Note Guarantor or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or
any Note Guarantor, any amount paid to either the Trustee or such Holder, this Canadian Note Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 

 

	(d)	Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all Guaranteed Obligations. Guarantor
further agrees that, as between Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations may be accelerated as provided in Section 6.2 of the Indenture for the purposes
of this Canadian Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations and (ii) in the event of any declaration of acceleration of such obligations as
provided in Section 6.2 of the Indenture, such obligations (whether or not due and payable) shall forthwith become due and payable by Guarantor for the purpose of this Canadian Note Guarantee. Guarantor shall not exercise any right to seek
contribution from any non-paying Note Guarantor if the exercise of such right impairs the rights of the Holders under the Note Guarantees. 

 

	2.2.	Merger and Consolidation of Guarantors 

  

	(a)	In case of any sale or other disposition, consolidation, merger, amalgamation or conveyance and upon the assumption by the successor person on terms and conditions satisfactory to the Trustee of the obligations of
Guarantor under this Canadian Note Guarantee, and the due and punctual performance of all of the covenants and conditions of the Indenture to be performed by Guarantor, such successor person shall succeed to and be substituted for Guarantor under
this Canadian Note Guarantee with the same effect as if it had been named herein as Guarantor. 

  

	(b)	Except as set forth in Articles 4 and 5 of the Indenture, and notwithstanding clause (a) of this Section 2.2, nothing contained in the Indenture or in any of the Notes shall prevent any consolidation, merger
or amalgamation of a Note Guarantor with or into the Company or another Note Guarantor, or shall prevent any sale or conveyance of the property of a Note Guarantor as an entirety or substantially as an entirety to the Company or another Note
Guarantor. 

  

	2.3.	Release 

  

	(a)	 In the event (i) of a sale or other disposition of all or substantially all of the assets of any Guarantor,
by way of merger, amalgamation, consolidation or otherwise, or a sale or other disposition of all the Equity Interests of any Guarantor, then held by the Company and its Restricted Subsidiaries to a person that is not (either before or after giving
effect to such transactions) a Subsidiary of the Company, in each case so long as such sale or other disposition is permitted by the Indenture, including without limitation Section 4.14 thereof, (ii) of a designation by the Company of any
Restricted Subsidiary that is a Guarantor as an Unrestricted Subsidiary in accordance with the definition thereof or in the event that such Guarantor ceases 

  
 Schedule A-3 

	 	
to be a Restricted Subsidiary in accordance with the provisions of the Indenture, (iii) in the case of any Canadian Note Guarantee issued on the Issue Date, upon the release or discharge of
the Canadian Note Guarantee by such Guarantor in respect of the Credit Agreement, and in any other case upon the release or discharge of any Canadian Note Guarantee in respect of any Indebtedness that resulted in the issuance after the Issue Date of
the Canadian Note Guarantee by such Guarantor or (iv) the Company discharges the Notes and its Obligations under the Indenture under Section 8.1 thereof or exercises its legal or covenant defeasance options under Section 8.2 or 8.3
thereof, respectively, with respect of the Notes or, in the case of a sale or other disposition of all or substantially all of the assets of Guarantor, the Person acquiring such property, shall be released and relieved of any obligations under this
Canadian Note Guarantee without any further action being required by the Trustee or any Holder. 

  

	(b)	Upon delivery by the Company to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the effect that such sale or other disposition was made by the Company in accordance with the provisions of the
Indenture, including without limitation Sections 4.8 and 4.14 thereof, the Trustee shall execute any documents reasonably required in order to evidence the release of Guarantor from its obligations under this Canadian Note Guarantee.

 Section 3. 

Miscellaneous 
  

	3.1.	Limitations Act, 2002 (Ontario) 

 Any and all limitation periods provided for in the
Limitations Act, 2002 (Ontario), as amended from time to time, or any other applicable law limiting the time for which an action may be commenced shall be excluded from application to the obligations of Guarantor hereunder to
fullest extent permitted by such Act or applicable law. 
  

	3.2.	Usury Savings Clause 

 If any provision of this Canadian Note Guarantee, the Indenture or any Note would
obligate any Canadian Note Guarantor to make any payment of or on account of interest or other amount in an amount or calculated at a rate which would result in a receipt by any Holder of interest at a criminal rate (as such term is construed under
the Criminal Code (Canada)), then notwithstanding such provisions, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not so result in a
receipt by such Holder of interest at a criminal rate, such adjustment to be effected, to the extent necessary, as follows: (1) firstly, by reducing the amount or rate of interest required to be paid to such Holder, and (2) thereafter, by
reducing any fees, commissions, premiums and other amounts required to be paid to such Holder which would constitute “interest” for purposes of Section 347 of the Criminal Code (Canada). 

 

	3.3.	Interest Act (Canada) 

 For purposes of disclosure pursuant to the Interest Act (Canada), the
annual rates of interest or fees to which the rates of interest or fees provided for in this Canadian Note Guarantee, the Indenture or the Notes (and stated herein or therein, as applicable, to be computed on the basis of a 360 day year or any other
period of time less than a calendar year) are equivalent are the rates so provided for multiplied by the actual number of days in the applicable calendar year and divided by 360 or the actual number of days in such other period of time,
respectively. 
  

	3.4.	Counterparts; Execution 

 This Canadian Note Guarantee may be executed in any number of counterparts and
by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same agreement. Delivery of an executed counterpart
of this Canadian Note Guarantee facsimile or other similar method of electronic transmission (including by way of email attachment) shall be equally as effective as delivery of an original executed counterpart of this Canadian Note Guarantee. 

  
 Schedule A-4 

	3.5.	Severability 

 If, in any jurisdiction, any provision of this Canadian Note Guarantee or its application
to any party or circumstance is restricted, prohibited or unenforceable, such provision shall, as to that jurisdiction, be ineffective only to the extent of such restriction, prohibition or unenforceability without invalidating the remaining
provisions of this Canadian Note Guarantee and without affecting the validity or enforceability of such provision in any other jurisdiction or without affecting its application to other parties or circumstances. 

 

	3.6.	Notices 

 All notices and other communications hereunder shall be in writing and shall be mailed, sent,
or delivered in accordance with the terms of the Indenture. 
  

	3.7.	Successors 

 This Canadian Note Guarantee shall be binding upon Guarantor and its successors and shall
inure to the benefit of the successors of the Beneficiaries. 
  

	3.8.	Judgment Currency 

 Guarantor shall indemnify each Holder and each Person, if any, who controls any
Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act against any loss incurred by such party as a result of any judgment or order being given or made against Guarantor for any U.S. dollar amount
due under this Canadian Note Guarantee and such judgment or order being expressed and paid in a currency (the “Judgment Currency”) other than U.S. dollars and as a result of any variation as between (i) the rate of exchange at
which the U.S. dollar amount is converted into the Judgment Currency for the purpose of such judgment or order and (ii) the spot rate of exchange in The City of New York at which such party on the date of payment of such judgment or order
is able to purchase U.S. dollars with the amount of the Judgment Currency actually received by such party if such party had utilized such amount of Judgment Currency to purchase U.S. dollars upon such party’s receipt thereof. Any amount due
from Guarantor under this Section 3.8 shall be due as a separate debt and shall not be affected by such judgment or order as aforesaid. The term “spot rate of exchange” shall include any premiums and costs of exchange payable in
connection with the purchase of, or conversion into, U.S. dollars. 
  

	3.9.	Payment of Additional Amounts 

  

	(a)	All payments made under or with respect to this Canadian Note Guarantee by Guarantor will be made free and clear of any withholding or deduction for or on account of any tax, duty, levy, impost, assessment or other
governmental charge of whatever nature (collectively, “Tax”) imposed or levied by or on behalf of Canada or any other jurisdiction in which Guarantor is organized, resident or doing business for tax purposes or from or through which
Guarantor makes any payment on the Canadian Note Guarantee or any department or political subdivision thereof (each, a “Relevant Taxing Jurisdiction”), unless Guarantor (or an applicable withholding agent) is required to withhold or
deduct Taxes by law. If Guarantor (or an applicable withholding agent) is required by law to withhold or deduct any amount for or on account of Taxes of any Relevant Taxing Jurisdiction from any payment made under or with respect to this Canadian
Note Guarantee, Guarantor, subject to the exceptions listed below, will pay additional amounts (“Additional Amounts”) as may be necessary to ensure that the net amount received by each Holder or beneficial owner of the Notes after
such withholding or deduction (including withholding or deduction attributable to Additional Amounts payable hereunder) will not be less than the amount the Holder or beneficial owner would have received if such Taxes had not been required to be so
withheld or deducted. 

  

	(b)	Guarantor will not, however, pay Additional Amounts to a Holder or beneficial owner of Notes: 

  

	 	(i)	 to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the existence
of any present or former connection between the Holder or beneficial owner (or between a fiduciary, settler, beneficiary, member or shareholder of, or possessor of a power over, 

  
 Schedule A-5 

	 	
such Holder or beneficial owner, if such Holder or beneficial owner is an estate, trust, partnership or corporation) and the Relevant Taxing Jurisdiction (other than any connection resulting
solely from the acquisition, ownership, holding or disposition of Notes, the receipt of payments thereunder or under this Canadian Note Guarantee and/or the exercise or enforcement of rights under any Notes or this Canadian Note Guarantee);

  

	 	(ii)	to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the failure of the Holder or beneficial owner of Notes, following Guarantor’s written request addressed to the
Holder, to the extent such Holder or beneficial owner is legally eligible to do so, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative
practice of a Relevant Taxing Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Relevant Taxing Jurisdiction (including, without limitation, a certification that the
Holder or beneficial owner is not resident in the Relevant Taxing Jurisdiction); 

  

	 	(iii)	with respect to any estate, inheritance, gift, sales, transfer, capital gains, excise or personal property tax or any similar Taxes; 

 

	 	(iv)	to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the presentation by the Holder or beneficial owner of any Note, where presentation is required, for payment on a date
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, whichever occurs later; 

  

	 	(v)	to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for the Holder or beneficial owner not dealing at arm’s length, within the meaning of the Income Tax Act
(Canada), with the Company or Guarantor; 

  

	 	(vi)	to the extent the Taxes giving rise to such Additional Amounts would not have been imposed but for such Holder or beneficial owner being, or not dealing at arm’s length (within the meaning of the Income Tax Act
(Canada)) with, a “specified shareholder” of the Company as defined in subsection 18(5) of the Income Tax Act (Canada) for purposes of the thin capitalization rules in the Income Tax Act (Canada);

  

	 	(vii)	to the extent the Taxes giving rise to such Additional Amounts are United States federal withholding tax imposed pursuant to Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended as of the date of
hereof (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations, official interpretations or administrative authority promulgated thereunder and any
agreements entered into pursuant to Section 1471(b)(1) of the Code as in effect on the date hereof (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), and, for the avoidance of
doubt, any intergovernmental agreement (and related legislation, rules or practices) implementing the foregoing (taken together, “FATCA”), except to the extent that such Taxes result from a failure of any Paying Agent to comply with
FATCA; and 

  

	 	(viii)	any combination of items (i), (ii), (iii), (iv), (v), (vi) and (vii). 

 Additional Amounts also
shall not be paid with respect to any payment on a Note to a beneficial owner who is a fiduciary, a partnership, a limited liability company, or anyone other than the sole beneficial owner of that payment to the extent that payment would be required
by the laws of the Relevant Taxing Jurisdiction to be included in the income, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a member of that partnership, an interest holder of that limited liability company, or a
beneficial owner who would not have been entitled to the Additional Amounts had that beneficiary, settlor, member or interest holder been the beneficial owner. 

  
 Schedule A-6 

	(c)	Guarantor or applicable withholding agent will (i) make any such withholding or deduction required by applicable law and (ii) timely remit the full amount deducted or withheld to the Relevant Taxing
Jurisdiction in accordance with applicable law. Guarantor will make reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes.
Guarantor will provide to the Trustee, within a reasonable time after the date the payment of any Taxes so deducted or withheld are due pursuant to applicable law, either a certified copy or tax receipts evidencing such payment, or, if such tax
receipts are not reasonably available to Guarantor, such other documentation that provides reasonable evidence of such payment by Guarantor. 

  

	(d)	Where Tax is payable pursuant to Regulation 803 of the Income Tax Act (Canada) by a Holder or beneficial owner of the Notes in respect of any amount payable under the Canadian Note Guarantee to the Holder (other
than by reason of a transfer of the Notes to a person resident in Canada with whom the transferor does not deal at arm’s length for the purposes of such Act), but no Additional Amount is paid in respect of such Tax, Guarantor will pay as or on
account of interest to the Holder an amount equal to such Tax (a “Regulation 803 Reimbursement”) plus an amount equal to any Tax required to be paid by the Holder or a beneficial owner as a result of such Regulation 803
Reimbursement within 45 days after receiving from the Holder a notice containing reasonable particulars of the Tax so payable, provided such Holder or beneficial owner would have been entitled to receive Additional Amounts on account of such
Tax (and only to the extent of such Additional Amounts that such Holder or beneficial owner would have been entitled to receive) but for the fact that it is payable otherwise than by deduction or withholding from payments made under or with respect
to the Canadian Note Guarantee. 

  

	(e)	Prior to the date on which the payment of any Additional Amounts are due, Guarantor will deliver to the Trustee such Additional Amounts payable together with an Officers’ Certificate stating that such Additional
Amounts will be payable on the applicable payment date, and setting forth the Additional Amounts so payable and will also set forth such other information necessary to enable the Trustee to pay such Additional Amounts to Holders on the applicable
payment date. Any such Officers’ Certificate will be delivered to the Trustee at least 2 Business Days in advance of when the payments in question are required to be made (unless a shorter period of time is acceptable to the Trustee in its
reasonable discretion). Guarantor will promptly publish a notice in accordance with Section 11.2 of the Indenture stating that such Additional Amounts will be payable and describing the obligation to pay such amounts. 

 

	(f)	Guarantor will reimburse the Holders of Notes or beneficial owners of Notes, upon written request of such Holder or beneficial owner of Notes and certified proof of payment for the amount of (i) any Taxes levied or
imposed by a Relevant Taxing Jurisdiction and payable by such Holder or beneficial owner in connection with payments made under or with respect to this Canadian Note Guarantee; and (ii) any Taxes levied or imposed with respect to any
reimbursement under the foregoing clause (i) or this clause (ii), so that the net amount received by such Holder or beneficial owner after such reimbursement will not be less than the net amount such Holder or beneficial owner would have
received if the Taxes giving rise to the reimbursement described in clauses (i) and/or (ii) had not been imposed, provided, however, that the indemnification obligation provided for in this Section 3.9(f) shall not
extend to Taxes imposed for which the Holder or beneficial owner of the Notes would not have been eligible to receive payment of Additional Amounts hereunder by virtue of clauses (i) through (ix) of Section 3.9(b) hereof, or to the
extent such Holder or beneficial owner received Additional Amounts with respect to such payments. 

  

	(g)	In addition, Guarantor will pay any stamp, issue, registration, court, documentary, excise or other similar taxes, charges and duties, including interest and penalties with respect thereto, imposed by any Relevant
Taxing Jurisdiction at any time in respect of the execution, issuance, registration or delivery of this Canadian Note Guarantee or any other document or instrument referred to thereunder and any such taxes, charges or duties imposed by any Relevant
Taxing Jurisdiction at any time as a result of, or in connection with, (i) any payments made pursuant to any Guarantee or any other such document or instrument referred to thereunder and/or (ii) the enforcement of this Canadian Note
Guarantee or any other such document or instrument referred to thereunder. 

  

	(h)	Obligations described under this Section 3.9 will survive any termination, defeasance or discharge of this Indenture and will apply mutatis mutandis to any successor Person to Guarantor and to any
jurisdiction in which such successor is organized, doing business or is otherwise resident for Tax purposes or any jurisdiction from or through which payment is made by such successor or its respective agents. 

  
 Schedule A-7 

	(i)	Whenever this Canadian Note Guarantee refers to, in any context, the payment of principal, premium, if any, interest or any other amount payable under or with respect to any Note or under this Canadian Note Guarantee,
such reference includes the payment of Additional Amounts or other payments that would be payable pursuant to this Section 3.9, if applicable. 

- remainder of page intentionally left blank - 

  
 Schedule A-8 

 IN WITNESS WHEREOF, Guarantor has executed and delivered this Guarantee as of the first
date written above. 
  

			
	●, as Canadian Note Guarantor
		
	By:	 	  

		 	Name:
		 	Title:

  
 Schedule A-9

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