Document:

Indenture

 Exhibit 4.1 

 
  
 LEVI STRAUSS & CO., 
 as Issuer 

6 7/8% Senior Notes due 2022 
  

 
 INDENTURE

 Dated as of May 8, 2012 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee 

 
  

  

 TABLE OF CONTENTS 

							
	 	  	 	  	Page	 
	
	ARTICLE I	  
	
	Definitions and Incorporation by Reference	  
			
	 SECTION 1.01.
	  	Definitions	  	 	1	  
	 SECTION 1.02.
	  	Other Definitions	  	 	23	  
	 SECTION 1.03.
	  	Incorporation by Reference of Trust Indenture Act	  	 	23	  
	 SECTION 1.04.
	  	Rules of Construction	  	 	24	  
	
	ARTICLE II	  
	
	The Notes	  
			
	 SECTION 2.01.
	  	Amount of Notes; Issuable in Series	  	 	24	  
	 SECTION 2.02.
	  	Form and Dating	  	 	25	  
	 SECTION 2.03.
	  	Execution and Authentication	  	 	25	  
	 SECTION 2.04.
	  	Registrar and Paying Agent	  	 	26	  
	 SECTION 2.05.
	  	Paying Agent To Hold Money in Trust	  	 	26	  
	 SECTION 2.06.
	  	Noteholder Lists	  	 	26	  
	 SECTION 2.07.
	  	Replacement Notes	  	 	26	  
	 SECTION 2.08.
	  	Outstanding Notes	  	 	26	  
	 SECTION 2.09.
	  	Temporary Notes	  	 	27	  
	 SECTION 2.10.
	  	Cancellation	  	 	27	  
	 SECTION 2.11.
	  	Defaulted Interest	  	 	27	  
	 SECTION 2.12.
	  	CUSIP, ISIN or Common Code Numbers	  	 	27	  
	
	ARTICLE III	  
	
	Redemption	  
			
	 SECTION 3.01.
	  	Notices to Trustee	  	 	27	  
	 SECTION 3.02.
	  	Selection of Notes To Be Redeemed	  	 	27	  
	 SECTION 3.03.
	  	Notice of Redemption	  	 	28	  
	 SECTION 3.04.
	  	Effect of Notice of Redemption	  	 	28	  
	 SECTION 3.05.
	  	Deposit of Redemption Price	  	 	28	  
	 SECTION 3.06.
	  	Notes Redeemed in Part	  	 	28	  
	
	ARTICLE IV	  
	
	Covenants	  
			
	 SECTION 4.01.
	  	Covenant Suspension	  	 	29	  
	 SECTION 4.02.
	  	Payment of Notes	  	 	29	  
	 SECTION 4.03.
	  	SEC Reports	  	 	29	  
	 SECTION 4.04.
	  	Limitation on Debt	  	 	29	  
	 SECTION 4.05.
	  	Limitation on Restricted Payments	  	 	32	  
	 SECTION 4.06.
	  	Limitation on Liens	  	 	34	  
	 SECTION 4.07.
	  	Limitation on Asset Sales	  	 	34	  
	 SECTION 4.08.
	  	Limitation on Restrictions on Distributions from Restricted Subsidiaries	  	 	37	  
	 SECTION 4.09.
	  	Limitation on Transactions with Affiliates	  	 	38	  
	 SECTION 4.10.
	  	Designation of Restricted and Unrestricted Subsidiaries	  	 	39	  

  
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	 	  	 	  	Page	 
			
	 SECTION 4.11.
	  	Limitation on Sale and Leaseback Transactions	  	 	40	  
	 SECTION 4.12.
	  	Change of Control	  	 	40	  
	 SECTION 4.13.
	  	Further Instruments and Acts	  	 	41	  
	 SECTION 4.14.
	  	Future Subsidiary Guarantors	  	 	41	  
	
	ARTICLE V	  
	
	Successor Company	  
			
	 SECTION 5.01.
	  	When Company May Merge or Transfer Assets	  	 	41	  
	
	ARTICLE VI	  
	
	Defaults and Remedies	  
			
	 SECTION 6.01.
	  	Events of Default	  	 	42	  
	 SECTION 6.02.
	  	Acceleration	  	 	43	  
	 SECTION 6.03.
	  	Other Remedies	  	 	44	  
	 SECTION 6.04.
	  	Waiver of Past Defaults	  	 	44	  
	 SECTION 6.05.
	  	Control by Majority	  	 	44	  
	 SECTION 6.06.
	  	Limitation on Suits	  	 	44	  
	 SECTION 6.07.
	  	Rights of Holders to Receive Payment	  	 	45	  
	 SECTION 6.08.
	  	Collection Suit by Trustee	  	 	45	  
	 SECTION 6.09.
	  	Trustee May File Proofs of Claim	  	 	45	  
	 SECTION 6.10.
	  	Priorities	  	 	45	  
	 SECTION 6.11.
	  	Undertaking for Costs	  	 	45	  
	 SECTION 6.12.
	  	Waiver of Stay or Extension Laws	  	 	45	  
	
	ARTICLE VII	  
	
	Trustee	  
			
	 SECTION 7.01.
	  	Duties of Trustee	  	 	46	  
	 SECTION 7.02.
	  	Rights of Trustee	  	 	47	  
	 SECTION 7.03.
	  	Individual Rights of Trustee	  	 	48	  
	 SECTION 7.04.
	  	Trustee’s Disclaimer	  	 	48	  
	 SECTION 7.05.
	  	Notice of Defaults	  	 	48	  
	 SECTION 7.06.
	  	Reports by Trustee to Holders	  	 	48	  
	 SECTION 7.07.
	  	Compensation and Indemnity	  	 	48	  
	 SECTION 7.08.
	  	Replacement of Trustee	  	 	49	  
	 SECTION 7.09.
	  	Successor Trustee by Merger	  	 	49	  
	 SECTION 7.10.
	  	Eligibility; Disqualification	  	 	49	  
	 SECTION 7.11.
	  	Preferential Collection of Claims Against Company	  	 	50	  
	
	ARTICLE VIII	  
	
	Discharge of Indenture; Defeasance	  
			
	 SECTION 8.01.
	  	Discharge of Liability on Notes; Defeasance	  	 	50	  
	 SECTION 8.02.
	  	Conditions to Defeasance	  	 	50	  
	 SECTION 8.03.
	  	Application of Trust Money	  	 	51	  
	 SECTION 8.04.
	  	Repayment to Company	  	 	51	  
	 SECTION 8.05.
	  	Indemnity for Government Obligations	  	 	52	  
	 SECTION 8.06.
	  	Reinstatement	  	 	52	  

  
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	 	  	 	  	Page	 
	
	ARTICLE IX	  
	
	Amendments	  
			
	 SECTION 9.01.
	  	Without Consent of Holders	  	 	52	  
	 SECTION 9.02.
	  	With Consent of Holders	  	 	52	  
	 SECTION 9.03.
	  	Compliance with Trust Indenture Act	  	 	53	  
	 SECTION 9.04.
	  	Revocation and Effect of Consents and Waivers	  	 	53	  
	 SECTION 9.05.
	  	Notation on or Exchange of Notes	  	 	53	  
	 SECTION 9.06.
	  	Trustee To Sign Amendments	  	 	54	  
	 SECTION 9.07.
	  	Payment for Consent	  	 	54	  
	
	ARTICLE X	  
	
	Miscellaneous	  
			
	 SECTION 10.01.
	  	Trust Indenture Act Controls	  	 	54	  
	 SECTION 10.02.
	  	Notices	  	 	54	  
	 SECTION 10.03.
	  	Communication by Holders with Other Holders	  	 	55	  
	 SECTION 10.04.
	  	Certificate and Opinion as to Conditions Precedent	  	 	55	  
	 SECTION 10.05.
	  	Statements Required in Certificate or Opinion	  	 	55	  
	 SECTION 10.06.
	  	Annual Officer’s Certificate as to Compliance	  	 	56	  
	 SECTION 10.07.
	  	When Notes Disregarded	  	 	56	  
	 SECTION 10.08.
	  	Rules by Trustee, Paying Agents and Registrar	  	 	56	  
	 SECTION 10.09.
	  	Legal Holidays	  	 	56	  
	 SECTION 10.10.
	  	Governing Law	  	 	56	  
	 SECTION 10.11.
	  	No Recourse Against Others	  	 	56	  
	 SECTION 10.12.
	  	Successors	  	 	56	  
	 SECTION 10.13.
	  	Multiple Originals	  	 	56	  
	 SECTION 10.14.
	  	Table of Contents; Headings	  	 	56	  
	 SECTION 10.15.
	  	Force Majeure	  	 	56	  
	 SECTION 10.16.
	  	U.S.A. Patriot Act	  	 	57	  

  

					
	Appendix A	 	-	    	Provisions Relating to Initial Notes and Exchange Notes
	
	EXHIBIT INDEX
			
	Exhibit A	 	-	    	Form of Initial Note
	Exhibit B	 	-	    	Form of Transferee Letter of Representation

  
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 CROSS-REFERENCE TABLE 

 

			
	 TIA
 Section
	 	 Indenture

Section

	 310(a)(1)
	 	7.10
	  (a)(2)
	 	7.10
	  (a)(3)
	 	N.A.
	  (a)(4)
	 	N.A.
	  (b)
	 	7.08; 7.10
	  (c)
	 	N.A.
	 311(a)
	 	7.11
	  (b)
	 	7.11
	  (c)
	 	N.A.
	 312(a)
	 	2.06
	  (b)
	 	1.03
	 313(a)
	 	7.06
	  (b)(1)
	 	N.A.
	  (b)(2)
	 	7.06
	  (c)
	 	7.06; 10.02
	  (d)
	 	7.06
	 314(a)(1)
	 	4.03
	  (a)(2)
	 	1.03
	  (a)(3)
	 	1.03
	  (a)(4)
	 	10.06
	  (b)
	 	N.A.
	  (c)(1)
	 	10.04
	  (c)(2)
	 	10.04
	  (c)(3)
	 	N.A.
	  (d)
	 	N.A.
	  (e)
	 	10.05
	 315(a)
	 	7.01
	  (b)
	 	7.05; N.A.
	  (c)
	 	7.01
	  (d)
	 	7.01
	  (e)
	 	6.11
	 316(a) (last sentence)
	 	N.A.
	  (a)(1)(A)
	 	6.05
	  (a)(1)(B)
	 	6.04
	  (a)(2)
	 	N.A.
	  (b)
	 	6.07
	 317(a)(1)
	 	6.08
	  (a)(2)
	 	6.09
	  (b)
	 	2.05
	 318(a)
	 	10.01

 N.A. Means Not Applicable. 
 Note: This Cross-Reference Table shall not, for any purposes, be deemed to be part of this Indenture. 

  
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 INDENTURE dated as of May 8, 2012 between LEVI STRAUSS & CO., a Delaware
corporation (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Trustee (the “Trustee”). 
 Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of (i) 6 7/8% Senior Notes due 2022 (the “Initial Notes”), to be
issued from time to time in one or more series as in this Indenture provided and (ii) if and when issued pursuant to a registered or private exchange for the Initial Notes, the exchange notes (the “Exchange Notes” and, together with
the Initial Notes, the “Notes”): 
 ARTICLE I  

Definitions and Incorporation by Reference 
 SECTION 1.01. Definitions. 
 “Additional Assets” means:

 (a) any Property (other than cash, cash equivalents, securities and inventory) to be owned by the Company or
any Restricted Subsidiary and used in a Related Business; or 
 (b) Capital Stock of a Person that becomes a
Restricted Subsidiary as a result of the acquisition of that Capital Stock by the Company or another Restricted Subsidiary from any Person other than the Company or an Affiliate of the Company; provided, however, that, in the case of
this clause (b), the Restricted Subsidiary is primarily engaged in a Related Business. 
 “Affiliate” of any specified
Person means: 
 (a) any other Person directly or indirectly controlling or controlled by or under direct or
indirect common control with that specified Person, or 
 (b) any other Person who is a director or officer of
that specified Person. 
 For the purposes of this definition, “control” when used with respect to any Person means the power to
direct the management and policies of that Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. For purposes of Section 4.07 and Section 4.09 and the definition of “Additional Assets” only, “Affiliate” shall also mean any Beneficial Owner of shares representing 10% or more of the total voting power
of the Voting Stock (on a fully diluted basis) of the Company or of rights or warrants to purchase that Voting Stock (whether or not currently exercisable) and any Person who would be an Affiliate of any Beneficial Owner pursuant to the first
sentence hereof. 
 “Asset Sale” means any sale, lease, transfer, issuance or other disposition (or series of related
sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a
“disposition”), of: 
 (a) any shares of Capital Stock of a Restricted Subsidiary (other than
directors’ qualifying shares), 
 (b) all or substantially all the assets of any division or line of
business of the Company or any Restricted Subsidiary, or 
 (c) any other assets of the Company or any Restricted
Subsidiary outside of the ordinary course of business of the Company or such Restricted Subsidiary, 

  

 
other than, in the case of clause (a), (b) or (c) above, 
 (1) any disposition by a Restricted Subsidiary to the Company or by the Company or a Restricted Subsidiary to a Restricted Subsidiary, 

(2) any disposition that constitutes a Permitted Investment or Restricted Payment permitted by Section 4.05,

 (3) any disposition effected in compliance with the first paragraph in Section 5.01, 

(4) a sale of accounts receivables and related assets of the type specified in the definition of “Qualified
Receivables Transaction” to a Receivables Entity, 
 (5) a transfer of accounts receivables and related
assets of the type specified in the definition of “Qualified Receivables Transaction” (or a fractional undivided interest therein) by a Receivables Entity in connection with a Qualified Receivables Transaction, 

(6) a transfer of accounts receivable of the type specified in the definition of “Credit Facilities” that is
permitted under clause (b) of the second paragraph of Section 4.04, and 
 (7) any disposition that
does not (together with all related dispositions) involve assets having a Fair Market Value or consideration in excess of $25.0 million. 
 “Attributable Debt” in respect of a Sale and Leaseback Transaction means, at any date of determination, 
 (a) if the Sale and Leaseback Transaction is a Capital Lease Obligation, the amount of Debt represented thereby according to the definition of “Capital Lease Obligation,” and 

(b) in all other instances, the greater of: 

(1) the Fair Market Value of the Property subject to the Sale and Leaseback Transaction, and 

(2) the present value (discounted at the interest rate borne by the Notes, compounded annually) of the total obligations
of the lessee for rental payments during the remaining term of the lease included in the Sale and Leaseback Transaction (including any period for which the lease has been extended). 

“Authentication Agent” means an institution, reasonably acceptable to the Company, appointed by the Trustee to authenticate the
Notes. 
 “Average Life” means, as of any date of determination, with respect to any Debt or Preferred Stock, the
quotient obtained by dividing: 
 (a) the sum of the product of the numbers of years (rounded to the nearest
one-twelfth of one year) from the date of determination to the dates of each successive scheduled principal payment of that Debt or redemption or similar payment with respect to that Preferred Stock multiplied by the amount of the payment by

 (b) the sum of all payments of this kind. 

  
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 “Beneficial Owner” means a beneficial owner as defined in Rule 13d-3 under the
Exchange Act, except that: 
 (a) a Person will be deemed to be the Beneficial Owner of all shares that the
Person has the right to acquire, whether that right is exercisable immediately or only after the passage of time, 
 (b) for purposes of clause (a) of the definition of “Change of Control,” Permitted Holders will be deemed to be the Beneficial Owners of any Voting Stock of a corporation or other legal
entity held by any other corporation or other legal entity so long as the Permitted Holders Beneficially Own, directly or indirectly, in the aggregate a majority of the total voting power of the Voting Stock of that corporation or other legal
entity, and 
 (c) for purposes of clause (b) of the definition of “Change of Control,” any
“person” or “group” (as those terms are defined in Sections 13(d) and 14(d) of the Exchange Act or any successor provisions to either of the foregoing), including any group acting for the purpose of acquiring, holding, voting or
disposing of securities within the meaning of Rule 13d-5(b)(1) under the Exchange Act, other than any one or more of the Permitted Holders, shall be deemed to be the Beneficial Owners of any Voting Stock of a corporation or other legal entity held
by any other corporation or legal entity (the “parent corporation”), so long as that person or group Beneficially Owns, directly or indirectly, in the aggregate a majority of the total voting power of the Voting Stock of that parent
corporation. 
 The term “Beneficially Own” shall have a corresponding meaning. 

“Board of Directors” means the Board of Directors of the Company (or, in the case of clause (b) of the first paragraph of
Section 4.09, the applicable Restricted Subsidiary) or any committee thereof duly authorized to act on behalf of such Board of Directors. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force
and effect on the date of such certification. 
 “Business Day” means each day that is not a Legal Holiday.

 “Capital Lease Obligation” means any obligation under a lease that is required to be capitalized for financial
reporting purposes in accordance with GAAP; and the amount of Debt represented by that obligation shall be the capitalized amount of the obligations determined in accordance with GAAP; and the Stated Maturity thereof shall be the date of the last
payment of rent or any other amount due under that lease prior to the first date upon which that lease may be terminated by the lessee without payment of a penalty. For purposes of Section 4.06, a Capital Lease Obligation shall be deemed
secured by a Lien on the Property being leased. 
 “Capital Stock” means, with respect to any Person, any shares or
other equivalents (however designated) of any class of corporate stock or partnership interests or any other participations, rights, warrants, options or other interests in the nature of an equity interest in that Person, including Preferred Stock,
but excluding any debt security convertible or exchangeable into that equity interest. 
 “Capital Stock Sale
Proceeds” means the aggregate net proceeds (including the Fair Market Value of property other than cash) received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust
established by the Company or the Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, initial purchasers’
or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with the issuance or sale and net of taxes paid or payable as a result thereof. 

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

(a) if any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act
or any successor provisions to either of the foregoing), including any group acting for the purpose of acquiring, holding, voting or disposing of securities within the meaning of Rule 13d-5(b)(1) under the Exchange Act, other than any one or more of
the Permitted Holders, becomes the Beneficial Owner, directly or indirectly, of 50% or more of the total voting power of the Voting Stock of the Company; or 

  
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 (b) the sale, transfer, assignment, lease, conveyance or other disposition,
directly or indirectly, of all or substantially all the assets of the Company and the Restricted Subsidiaries, considered as a whole (other than a disposition of assets as an entirety or virtually as an entirety to a Wholly Owned Restricted
Subsidiary or one or more Permitted Holders) shall have occurred, or the Company merges, consolidates or amalgamates with or into any other Person (other than one or more Permitted Holders) or any other Person (other than one or more Permitted
Holders) merges, consolidates or amalgamates with or into the Company, in any event pursuant to a transaction in which the outstanding Voting Stock of the Company is reclassified into or exchanged for cash, securities or other Property, other than a
transaction where: 
 (1) the outstanding Voting Stock of the Company is reclassified into or exchanged for other
Voting Stock of the Company or for Voting Stock of the surviving corporation or transferee, and 
 (2) the
holders of the Voting Stock of the Company immediately prior to the transaction own, directly or indirectly, not less than a majority of the Voting Stock of the Company or the surviving corporation or transferee immediately after the transaction and
in substantially the same proportion as before the transaction; or 
 (c) during any period of two consecutive
years, individuals who at the beginning of that period constituted the Board of Directors (together with any new directors whose election or appointment by such Board or whose nomination for election by the shareholders of the Company was approved
by a vote of not less than three-fourths of the directors then still in office who were either directors at the beginning of that period or whose election or nomination for election was previously so approved or by a vote of the shareholders of the
Company) cease for any reason to constitute a majority of the Board of Directors then in office; or 
 (d) the
shareholders of the Company shall have approved any plan of liquidation or dissolution of the Company. 
 “Code” means
the Internal Revenue Code of 1986, as amended. 
 “Commodity Price Protection Agreement” means, in respect of a
Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement designed to protect that Person against fluctuations in commodity prices. 

“Company” means the party named as such in this Indenture until a successor replaces it pursuant to the applicable provisions
hereof and, thereafter, means the successor and, for purposes of any provision contained herein and required by the TIA, each other obligor on the indenture securities. 
 “Consolidated Current Liabilities” means, as of any date of determination, the aggregate amount of liabilities of the Company and its consolidated Restricted Subsidiaries which may properly be
classified as current liabilities (including taxes accrued as estimated), after eliminating: 
 (a) all
intercompany items between the Company and any Restricted Subsidiary or between Restricted Subsidiaries, and 

(b) all current maturities of long-term Debt. 
 “Consolidated Fixed Charges” means, for any period, the total interest expense (net of interest income) of the Company and its consolidated Restricted Subsidiaries, plus, to the extent not
included in such total interest expense, and to the extent Incurred by the Company or its Restricted Subsidiaries, 

  
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 (a) interest expense recorded for such period attributable to leases
constituting part of a Sale and Leaseback Transaction and to Capital Lease Obligations, 
 (b) amortization of
debt discount, 
 (c) capitalized interest, 

(d) non-cash interest expense, 
 (e) commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing, 

(f) net costs associated with Interest Rate Agreements (including amortization of fees) (it being understood that any net
benefits associated with Interest Rate Agreements shall be included in interest income), 
 (g) Disqualified
Stock Dividends, excluding dividends paid in Qualified Capital Stock, 
 (h) Preferred Stock Dividends,

 (i) interest Incurred in connection with Investments in discontinued operations, 

(j) interest accruing on any Debt of any other Person to the extent that Debt is Guaranteed by the Company or any
Restricted Subsidiary, and 
 (k) the cash contributions to any employee stock ownership plan or similar trust to
the extent those contributions are used by the plan or trust to pay interest or fees to any Person (other than the Company) in connection with Debt Incurred by the plan or trust. 

Notwithstanding anything to the contrary contained herein, (i) amortization or write-off of debt issuance costs, deferred financing
or liquidity fees, commissions, fees and expenses, call premiums, (ii) any expensing of bridge, commitment and other financing fees and (iii) commissions, discounts, yield and other fees and charges Incurred in connection with any
transaction (including, without limitation, any Qualified Receivables Transaction) pursuant to which the Company or any Subsidiary of the Company may sell, convey or otherwise transfer or grant a security interest in any accounts receivable or
related assets of the type specified in the definition of “Qualified Receivables Transaction” shall not be included in Consolidated Fixed Charges. 
 “Consolidated Fixed Charges Coverage Ratio” means, as of any date of determination, the ratio of: 
 (a) the aggregate amount of EBITDA for the most recent four consecutive fiscal quarters ending at least 45 days prior to such determination date to 

(b) Consolidated Fixed Charges for those four fiscal quarters; 
 provided, however, that: 
 (1) if: 

(A) since the beginning of that period the Company or any Restricted Subsidiary has Incurred any Debt that remains
outstanding or Repaid any Debt, or 
 (B) the transaction giving rise to the need to calculate the Consolidated
Fixed Charges Coverage Ratio involves an Incurrence or Repayment of Debt, 

  
 -5-

 Consolidated Fixed Charges for that period shall be calculated after giving effect on a pro
forma basis to that Incurrence or Repayment as if the Debt was Incurred or Repaid on the first day of that period, provided that, in the event of any Repayment of Debt, EBITDA for that period shall be calculated as if the Company or such
Restricted Subsidiary had not earned any interest income actually earned during such period in respect of the funds used to Repay such Debt, and 
 (2) if: 
 (A) since the beginning of that period the Company or any
Restricted Subsidiary shall have made any Asset Sale or an Investment (by merger or otherwise) in any Restricted Subsidiary (or any Person which becomes a Restricted Subsidiary) or an acquisition of Property which constitutes all or substantially
all of an operating unit of a business, 
 (B) the transaction giving rise to the need to calculate the
Consolidated Fixed Charges Coverage Ratio involves an Asset Sale, Investment or acquisition, or 
 (C) since the
beginning of that period any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary since the beginning of that period) shall have made such an Asset Sale, Investment or
acquisition, 
 EBITDA for that period shall be calculated after giving pro forma effect to the Asset Sale, Investment or
acquisition as if the Asset Sale, Investment or acquisition occurred on the first day of that period. 
 If any Debt bears a
floating rate of interest and is being given pro forma effect, the interest expense on that Debt shall be calculated as if the base interest rate in effect for the floating rate of interest on the date of determination had been the applicable base
interest rate for the entire period (taking into account any Interest Rate Agreement applicable to that Debt if the applicable Interest Rate Agreement has a remaining term in excess of 12 months). In the event the Capital Stock of any Restricted
Subsidiary is sold during the period, the Company shall be deemed, for purposes of clause (1) above, to have Repaid during that period the Debt of that Restricted Subsidiary to the extent the Company and its continuing Restricted Subsidiaries
are no longer liable for that Debt after the sale. 
 “Consolidated Net Income” means, for any period, the net income
(loss) of the Company and its consolidated Subsidiaries (excluding any net income (loss) attributable to noncontrolling interests), determined in accordance with GAAP; provided, however, that there shall not be included in such
Consolidated Net Income: 
 (a) any net income (loss) of any Person (other than the Company) if that Person is
not a Restricted Subsidiary, except that the Company’s equity in the net income of any such Person for that period shall be included in such Consolidated Net Income up to the aggregate amount of cash distributed by that Person during that
period to the Company or a Restricted Subsidiary as a dividend or other distribution, 
 (b) any gain (or loss)
realized upon the sale or other disposition of any Property of the Company or any of its consolidated Subsidiaries (including pursuant to any Sale and Leaseback Transaction) that is not sold or otherwise disposed of in the ordinary course of
business, 
 (c) any gain or loss attributable to the early extinguishment of Debt, 

(d) any extraordinary gain or loss or cumulative effect of a change in accounting principles to the extent disclosed
separately on the consolidated statement of income, 
 (e) any unrealized gains or losses of the Company or its
consolidated Subsidiaries on any Hedging Obligations, and 
 (f) any non-cash compensation expense realized for
grants of performance shares, stock options or other rights to officers, directors and employees of the Company or any Restricted Subsidiary, provided, however, that if any such shares, options or other rights are subsequently redeemed
for Property other than Capital Stock of the Company that is not Disqualified Stock then the Fair Market Value of such Property shall be treated as a reduction in Consolidated Net Income during the period of such redemption. 

  
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 Notwithstanding the foregoing, for purposes of Section 4.05 only, there shall be excluded from
Consolidated Net Income any dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries to the Company or a Restricted Subsidiary to the extent the dividends, repayments or transfers increase the amount of
Restricted Payments permitted under that Section pursuant to clause (c)(4) of the first paragraph thereof. 
 “Consolidated
Net Tangible Assets” means, as of any date of determination, the sum of the amounts that would appear on a consolidated balance sheet of the Company and its consolidated Restricted Subsidiaries as the total assets (less accumulated
depreciation, amortization, allowances for doubtful receivables, other applicable allowances and other properly deductible items) of the Company and its Restricted Subsidiaries, after giving effect to purchase accounting and after deducting
therefrom Consolidated Current Liabilities and, to the extent otherwise included, the amounts of (without duplication): 
 (a) the excess of cost over fair market value of assets or businesses acquired; 
 (b) any revaluation or other write-up in book value of assets subsequent to the last day of the fiscal quarter of the Company immediately preceding the Issue Date as a result of a change in the method of
valuation in accordance with GAAP; 
 (c) unamortized debt discount and expenses and other unamortized deferred
charges, goodwill, patents, trademarks, service marks, trade names, copyrights, licenses, organization or developmental expenses and other intangible items; 
 (d) noncontrolling interests in consolidated Subsidiaries held by Persons other than the Company or any Restricted Subsidiary; 

(e) treasury stock; 
 (f) cash or securities set aside and held in a sinking or other analogous fund established for the purpose of redemption or other retirement of Capital Stock to the extent such obligation is not reflected
in Consolidated Current Liabilities; and 
 (g) Investments in and assets of Unrestricted Subsidiaries.

 For the avoidance of doubt, any deferred tax assets that would appear on a consolidated balance sheet of the Company and its
Restricted Subsidiaries shall be included in the calculation of Consolidated Net Tangible Assets. 
 “Consolidated Secured
Leverage Ratio” means, as of any date of determination, the ratio of the aggregate amount of all Debt secured by Liens of the Company and its Restricted Subsidiaries at the end of the most recent fiscal period, for which financial information
in respect thereof is available immediately preceding the date of the transaction (the “Transaction Date”) giving rise to the need to calculate the Consolidated Secured Leverage Ratio to the aggregate amount of EBITDA for the Company for
the four full fiscal quarters, treated as one period, for which financial information in respect thereof is available immediately preceding the Transaction Date (such four full fiscal quarter period being referred to herein as the “Four Quarter
Period”). In addition, for purposes of calculating the ratio, the entire commitment of any revolving credit facility of the Company or any Restricted Subsidiary shall be deemed to be fully drawn as of the date such agreement is executed, and
thereafter the amount of such commitment shall be deemed to fully borrowed at all times for purposes of determining the ratio. In addition to and without limitation of the foregoing, for purposes of this definition, this ratio shall be calculated
after giving effect to the following: 
 (a) if since the beginning of that period the Company or any Restricted
Subsidiary shall have made any Asset Sale or an Investment (by merger or otherwise) in any Restricted Subsidiary (or any Person which becomes a Restricted Subsidiary) or an acquisition of Property which constitutes all or substantially all of an
operating unit of a business, 

  
 -7-

 (b) if the transaction giving rise to the need to calculate the Consolidated
Secured Leverage Ratio involves an Asset Sale, Investment or acquisition, or 
 (c) since the beginning of the
Four Quarter Period any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary since the beginning of the Four Quarter Period) shall have made such an Asset Sale, Investment or
acquisition, 
 EBITDA for that period shall be calculated after giving pro forma effect to the Asset Sale, Investment or acquisition as if the
Asset Sale, Investment or acquisition occurred on the first day of the Four Quarter Period. 
 For purposes of calculating the
Consolidated Secured Leverage Ratio, the entire commitment of any revolving credit facility of the Company or any Restricted Subsidiary shall be deemed outstanding. 
 “Credit Facilities” means, with respect to the Company or any Restricted Subsidiary, one or more debt or commercial paper facilities (including related Guarantees) with banks, investment banks,
insurance companies, mutual funds or other institutional lenders (including the Existing Bank Credit Facilities), providing for revolving credit loans, term loans, receivables or inventory financing (including through the sale of receivables or
inventory to institutional lenders or to special purpose, bankruptcy remote entities formed to borrow from institutional lenders against those receivables or inventory) or trade or standby letters of credit, in each case together with any
Refinancing thereof on any basis so long as such Refinancing constitutes Debt; provided that, in the case of a transaction in which any accounts receivable are sold, conveyed or otherwise transferred by the Company or any of its subsidiaries
to another Person other than a Receivables Entity, then that transaction must satisfy the following three conditions: 
 (a) if the transaction involves a transfer of accounts receivable with Fair Market Value equal to or greater than $25.0 million, the Board of Directors shall have determined in good faith that the
transaction is economically fair and reasonable to the Company or the Subsidiary that sold, conveyed or transferred the accounts receivable, 
 (b) the sale, conveyance or transfer of accounts receivable by the Company or the Subsidiary is made at Fair Market Value, and 

(c) the financing terms, covenants, termination events and other provisions of the transaction shall be market terms (as
determined in good faith by the Board of Directors). 
 “Currency Exchange Protection Agreement” means, in respect of
a Person, any foreign exchange contract, currency swap agreement, currency option or other similar agreement or arrangement designed to protect that Person against fluctuations in currency exchange rates. 

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

(a) the principal of and premium (if any) in respect of: 

(1) debt of the Person for money borrowed, and 

(2) debt evidenced by notes, debentures, bonds or other similar instruments for the payment of which the Person is
responsible or liable; 
 (b) all Capital Lease Obligations of the Person and all Attributable Debt in respect of
Sale and Leaseback Transactions entered into by the Person; 

  
 -8-

 (c) all obligations of the Person issued or assumed as the deferred purchase
price of Property, all conditional sale obligations of the Person and all obligations of the Person under any title retention agreement (but excluding trade accounts payable arising in the ordinary course of business); 

(d) all obligations of the Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance
or similar credit transaction (other than obligations with respect to letters of credit securing obligations (other than obligations described in clauses (a) through (c) above) entered into in the ordinary course of business of the Person
to the extent those letters of credit are not drawn upon or, if and to the extent drawn upon, the drawing is reimbursed no later than the third Business Day following receipt by the Person of a demand for reimbursement following payment on the
letter of credit); 
 (e) the amount of all obligations of the Person with respect to the Repayment of any
Disqualified Stock or, with respect to any Subsidiary of the Person, any Preferred Stock (but excluding, in each case, any accrued dividends); 
 (f) all obligations of the type referred to in clauses (a) through (e) of other Persons and all dividends of other Persons for the payment of which, in either case, the Person is responsible or
liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any Guarantee; 
 (g)
all obligations of the type referred to in clauses (a) through (f) of other Persons secured by any Lien on any Property of the Person (whether or not such obligation is assumed by the Person), the amount of such obligation being deemed to
be the lesser of the value of that Property or the amount of the obligation so secured; and 
 (h) to the extent
not otherwise included in this definition, Hedging Obligations of such Person. 
 The amount of Debt of any Person at any date shall be the
outstanding balance at that date of all unconditional obligations as described above and the maximum liability, upon the occurrence of the contingency giving rise to the obligation, of any contingent obligations at that date. The amount of Debt
represented by a Hedging Obligation shall be equal to: 
 (1) zero if the Hedging Obligation has been Incurred
pursuant to clause (f), (g) or (h) of the second paragraph of Section 4.04, or 
 (2) if the
Hedging Obligation is not Incurred pursuant to clause (f), (g) or (h) of the second paragraph of Section 4.04, then 105% of the aggregate net amount, if any, that would then be payable by the Company and any Restricted Subsidiary on a
per counter-party basis pursuant to Section 6(e) of the ISDA Master Agreement (Multicurrency-Cross Border) in the form published by the International Swaps and Derivatives Association in 1992 (the “ISDA Form”), as if the date of
determination were a date that constitutes or is substantially equivalent to an Early Termination Date, as defined in the ISDA Form, with respect to all transactions governed by the ISDA Form, plus the equivalent amount under the terms of any other
Hedging Obligations that are not Incurred pursuant to clause (f), (g) or (h) of the second paragraph of Section 4.04, each such amount to be estimated in good faith by the Company. 

“Debt Issuances” means, with respect to the Company or any Restricted Subsidiary, one or more issuances after the Issue Date of
Debt evidenced by notes, debentures, bonds or other similar securities or instruments. 
 “Default” means any event
which is, or after notice or passage of time or both would be, an Event of Default. 
 “Disqualified Stock” means,
with respect to any Person, 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 either case at the option of the holder thereof) or otherwise: 

(a) matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise, 

  
 -9-

 (b) is or may become redeemable or repurchaseable at the option of the
holder thereof, in whole or in part, or 
 (c) is convertible or exchangeable at the option of the holder thereof
for Debt or Disqualified Stock, 
 on or prior to, in the case of clause (a), (b) or (c), the first anniversary of the Stated Maturity of
the Notes. 
 “Disqualified Stock Dividends” means all dividends with respect to Disqualified Stock of the Company
held by Persons other than a Wholly Owned Restricted Subsidiary. The amount of any dividend of this kind shall be equal to the quotient of the dividend divided by the difference between one and the maximum statutory federal income tax rate
(expressed as a decimal number between 1 and 0) then applicable to the Company. 
 “Dollar Equivalent” means, with
respect to any monetary amount in a currency other than U.S. dollars, at any time of determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for
the purchase of U.S. dollars with the applicable foreign currency as published by the Federal Reserve Board on the date of such determination. 
 “EBITDA” means, for any period, an amount equal to, for the Company and its consolidated Restricted Subsidiaries: 

(a) the sum of Consolidated Net Income for that period, plus the following to the extent reducing Consolidated Net Income
for that period: 
 (1) the provision for taxes based on income or profits or utilized in computing net loss,

 (2) Consolidated Fixed Charges, 

(3) depreciation, 
 (4) amortization of intangibles, 
 (5) any non-recurring expenses
relating to, or arising from, any closures of facilities, 
 (6) restructuring costs, facilities relocation costs
and acquisition integration costs and fees (including cash severance payments) made in connection with acquisitions, 
 (7) any non-cash impairment charge or asset write-off and the amortization of intangibles, 
 (8) inventory purchase accounting adjustments and amortization and impairment charges resulting from other purchase accounting adjustments in connection with acquisitions, 

(9) any expenses or charges related to any offering of securities, Permitted Investments, acquisition, incurrence of Debt
permitted to be incurred by the indenture (whether or not successful), and 
 (10) any other non-cash items
(other than any non-cash item to the extent that it represents an accrual of or reserve for cash expenditures in any future period), minus 

  
 -10-

 (b) all non-cash items increasing Consolidated Net Income for that period
(other than any such non-cash item to the extent that it has resulted or will result in the receipt of cash payments in any period). 
 “Equipment Financing Transaction” means any arrangement (together with any Refinancings thereof) with any Person pursuant to which the Company or any Restricted Subsidiary Incurs Debt secured by
a Lien on equipment or equipment related property of the Company or any Restricted Subsidiary. 
 “Equity Offering”
means (i) an underwritten public equity offering of Qualified Capital Stock of the Company pursuant to an effective registration statement under the Securities Act, or any direct or indirect parent company of the Company but only to the extent
contributed to the Company in the form of Qualified Capital Stock of the Company or (ii) a private equity offering of Qualified Capital Stock of the Company, or any direct or indirect parent company of the Company but only to the extent
contributed to the Company in the form of Qualified Capital Stock of the Company, other than any public offerings registered on Form S-8. 
 “European Government Obligations” means direct obligations (or certificates representing an ownership interest in such obligations) of any country that is a member of the European Union on the
Issue Date (including any agency or instrumentality thereof) for the payment of which the full faith and credit of such European Union country is pledged and which are not callable or redeemable at the issuer’s option. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Existing Bank Credit Facilities” means, collectively, (i) the Credit Agreement dated as of September 30, 2011, among
the Company, Levi Strauss & Co. (Canada), Inc., the other agents and lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, and (ii) the Term Loan Agreement dated as of March 27, 2007,
among the Company, the financial institutions listed on the signature pages thereto and Bank of America, N.A., as agent, as amended as of the Issue Date. 
 “Existing Policies” means (1) the Company’s estate tax repurchase policy under which the Company repurchases a portion of a deceased stockholder’s shares to generate funds for
payment of estate taxes and (2) the Company’s valuation policy under which the Company obtains an annual valuation of the Company’s common stock, as both policies exist at the Issue Date or as they may exist from time to time,
provided that if either of these policies is materially amended after the Issue Date in a manner less favorable to the Company than the policy as existing on the Issue Date, then that amended policy shall be deemed not to be an Existing
Policy. 
 “Fair Market Value” means, with respect to any Property, the price that could be negotiated in an
arm’s-length free market transaction, for cash, between a willing seller and a willing buyer, neither of whom is under undue pressure or compulsion to complete the transaction. For purposes of Section 4.05 and Section 4.07 and the
definitions of “Qualified Receivables Transaction” and “Credit Facilities,” Fair Market Value shall be determined, except as otherwise provided, 

(a) if the Property has a Fair Market Value equal to or less than $25.0 million, by any Officer of the Company, or

 (b) if the Property has a Fair Market Value in excess of $25.0 million, by a majority of the Board of
Directors and evidenced by a Board Resolution, dated within 12 months of the relevant transaction, delivered to the Trustee. 

“Foreign Restricted Subsidiary” means any Restricted Subsidiary which is not organized under the laws of the United States of
America or any State thereof or the District of Columbia. 
 “Future Guarantor” means any Subsidiary of the Company
that provides a Guarantee of the notes at any time after the Issue Date pursuant to Section 4.14. 

  
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 “GAAP” means United States generally accepted accounting principles as in effect
on the Issue Date, including those set forth in the Accounting Standards Codification of the Financial Accounting Standards Board and in the rules and regulations of the SEC governing the inclusion of financial statements (including pro forma
financial statements) in periodic reports required to be filed pursuant to Section 13 of the Exchange Act. 

“Government Obligations” means U.S. Government Obligations or European Government Obligations, as applicable. 

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Debt of any
other Person and any obligation, direct or indirect, contingent or otherwise, of that Person: 
 (a) to purchase
or pay (or advance or supply funds for the purchase or payment of) the Debt of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take-or-pay
or to maintain financial statement conditions or otherwise), or 
 (b) entered into for the purpose of assuring
in any other manner the obligee against loss in respect thereof (in whole or in part); 
 provided, however, that the term
“Guarantee” shall not include: 
 (1) endorsements for collection or deposit in the ordinary course of
business, or 
 (2) a contractual commitment by one Person to invest in another Person for so long as the
Investment is reasonably expected to constitute a Permitted Investment under clause (a), (b) or (i) of the definition of “Permitted Investment.” 
 The term “Guarantee” used as a verb has a corresponding meaning. The term “Guarantor” shall mean any Person Guaranteeing any obligation. 

“Hedging Obligation” of any Person means any obligation of that Person pursuant to any Interest Rate Agreement, Currency
Exchange Protection Agreement, Commodity Price Protection Agreement or any other similar agreement or arrangement. 

“Holder” or “Noteholder” means the Person in whose name the Note is registered on the Note register described in
Section 2.04. 
 “Incur” means, with respect to any Debt or other obligation of any Person, to create, issue,
incur (by merger, conversion, exchange or otherwise), extend, assume, Guarantee or become liable in respect of that Debt or other obligation or the recording, as required pursuant to GAAP or otherwise, of any Debt or obligation on the balance sheet
of that Person (and “Incurrence” and “Incurred” shall have meanings correlative to the foregoing); provided, however, that a change in GAAP that results in an obligation of that Person that exists at such time, and
is not theretofore classified as Debt, becoming Debt shall not be deemed an Incurrence of that Debt; provided further, however, that any Debt or other obligations of a Person existing at the time the Person becomes a Subsidiary
(whether by merger, consolidation, acquisition or otherwise) shall be deemed to be Incurred by that Subsidiary at the time it becomes a Subsidiary; and provided further, however, that solely for purposes of determining
compliance with Section 4.04, amortization of debt discount or premium shall not be deemed to be the Incurrence of Debt, provided that in the case of Debt sold at a discount or at a premium, the amount of the Debt Incurred shall at all times be
the aggregate principal amount at Stated Maturity. 
 “Indenture” means this Indenture as amended or supplemented from
time to time. 
 “Interest Rate Agreement” means, for any Person, any interest rate swap agreement, interest rate
option agreement or other similar agreement or arrangement designed to protect against fluctuations in interest rates. 

  
 -12-

 “Investment” by any Person means any direct or indirect loan (other than advances
to customers and suppliers in the ordinary course of business that are recorded as accounts receivable on the balance sheet of that Person), advance or other extension of credit or capital contribution (by means of transfers of cash or other
Property to others or payments for Property or services for the account or use of others, or otherwise) to, or Incurrence of a Guarantee of any obligation of, or purchase or acquisition of Capital Stock, bonds, notes, debentures or other securities
or evidence of Debt issued by, any other Person. For purposes of Section 4.05, Section 4.10 and the definition of “Restricted Payment”, Investment shall include the portion (proportionate to the Company’s equity interest in
the Subsidiary) of the Fair Market Value of the net assets of any Subsidiary of the Company at the time that the Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of that Subsidiary as a
Restricted Subsidiary, the Company shall be deemed to continue to have a permanent Investment in an Unrestricted Subsidiary of an amount (if positive) equal to: 
 (a) the Company’s Investment in that Subsidiary at the time of such redesignation, less 
 (b) the portion (proportionate to the Company’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of that Subsidiary at the time of such redesignation. 

In determining the amount of any Investment made by transfer of any Property other than cash, the Property shall be valued at its Fair
Market Value at the time of the Investment. 
 “Investment Grade Rating” means a rating equal to or higher than Baa3
(or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P. 
 “Issue Date” means the first date on
which the Notes are initially issued. 
 “Lien” means, with respect to any Property of any Person, any mortgage or
deed of trust, pledge, hypothecation, assignment, deposit arrangement, security interest, lien, charge, easement (other than any easement not materially impairing usefulness or marketability), encumbrance, preference, priority or other security
agreement or preferential arrangement of any kind or nature whatsoever on or with respect to that Property (including any Capital Lease Obligation, conditional sale or other title retention agreement having substantially the same economic effect as
any of the foregoing or any Sale and Leaseback Transaction). 
 “Moody’s” means Moody’s Investors Service,
Inc. or any successor to the rating agency business thereof. 
 “Net Available Cash” from any Asset Sale means cash
payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, but excluding any other consideration received in the
form of assumption by the acquiring Person of Debt or other obligations relating to the Property that is the subject of that Asset Sale or received in any other non-cash form), in each case net of: 

(a) all legal, title and recording tax expenses, commissions and other fees (including, without limitation, brokers’
or investment bankers’ commissions or fees) and expenses incurred, and all Federal, state, provincial, foreign and local taxes required to be accrued as a liability under GAAP, as a consequence of the Asset Sale, 

(b) all payments made on any Debt that is secured by any Property subject to the Asset Sale, in accordance with the terms
of any Lien upon or other security agreement of any kind with respect to that Property, or which must by its terms, or in order to obtain a necessary consent to the Asset Sale, or by applicable law, be repaid out of the proceeds from the Asset Sale,

 (c) all distributions and other payments required to be made to noncontrolling interest holders in
Subsidiaries or joint ventures as a result of the Asset Sale, and 

  
 -13-

 (d) the deduction of appropriate amounts provided by the seller as a
reserve, in accordance with GAAP, against any liabilities associated with the Property disposed in the Asset Sale and retained by the Company or any Restricted Subsidiary after the Asset Sale. 

“Officer” means the Chief Executive Officer, the Vice President and Global Treasurer, Treasurer or the Assistant Treasurer of
the Company. 
 “Officers’ Certificate” means a certificate signed by two Officers of the Company, at least one
of whom shall be the principal executive officer, principal financial officer or the principal accounting officer of the Company, and delivered to the Trustee. 
 “Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company. 

“Permitted Business” means any business that is reasonably similar, ancillary or related to, or a reasonable extension,
development or expansion of, the businesses in which the Company and its Restricted Subsidiaries are engaged in on the Issue Date. 
 “Permitted Holders” means the holders of Voting Stock as of the Issue Date, together with any Person who is a “Permitted Transferee” of the holders, as that term is defined in the
Stockholders Agreement dated as of April 15, 1996 between the Company and the stockholders of the Company party thereto as that Stockholders Agreement was in effect on the Issue Date, except that transferees pursuant to Section 2.2(a)(x)
of that Stockholders Agreement shall not be deemed to be Permitted Transferees for purposes of this Indenture. 

“Permitted Investment” means any Investment by the Company or a Restricted Subsidiary in: 

(a) any Restricted Subsidiary or any Person that will, upon the making of such Investment, become a Restricted Subsidiary,
provided that the primary business of the Restricted Subsidiary is a Related Business; 
 (b) any Person
if as a result of the Investment that Person is merged or consolidated with or into, or transfers or conveys all or substantially all its Property to, the Company or a Restricted Subsidiary, provided that the Person’s primary business is
a Related Business; 
 (c) Temporary Cash Investments; 

(d) receivables owing to the Company or a Restricted Subsidiary, if created or acquired in the ordinary course of business
and payable or dischargeable in accordance with customary trade terms; provided, however, that those trade terms may include such concessionary trade terms as the Company or the Restricted Subsidiary deems reasonable under the
circumstances; 
 (e) payroll, travel and similar advances to cover matters that are expected at the time of
those advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 
 (f) loans and advances to employees made in the ordinary course of business in compliance with applicable laws and consistent with past practices of the Company or the applicable Restricted Subsidiary, as
the case may be, provided that those loans and advances do not exceed $20.0 million at any one time outstanding; 
 (g) stock, obligations or other securities received in settlement of debts created in the ordinary course of business and owing to the Company or a Restricted Subsidiary or in satisfaction of judgments;

  
 -14-

 (h) any Person to the extent the Investment represents the non-cash portion
of the consideration received in connection with an Asset Sale consummated in compliance with Section 4.07; 

(i) a Receivables Entity or any Investment by a Receivables Entity in any other Person in connection with a Qualified
Receivables Transaction, including Investments of funds held in accounts permitted or required by the arrangements governing that Qualified Receivables Transaction or any related Indebtedness; provided that any Investment in a Receivables
Entity is in the form of a purchase money note, contribution of additional receivables or an equity interest; 

(j) customers or suppliers of the Company or any of its subsidiaries in the form of extensions of credit or transfers of
property, to the extent otherwise constituting an Investment, and in the ordinary course of business and any Investments received in the ordinary course of business in satisfaction or partial satisfaction thereof; 

(k) any Person if the Investments are outstanding on the Issue Date and not otherwise described in clauses
(a) through (j) above; 
 (l) any securities, derivative instruments or other Investments of any kind
that are acquired and held for the benefit of Company employees in the ordinary course of business pursuant to deferred compensation plans or arrangements approved by the Board of Directors; provided, however, that (i) the amount
of such Investment represents funds paid or payable in respect of deferred compensation previously included as an expense in the calculation of Consolidated Net Income (and not excluded pursuant to clause (h) of the definition of Consolidated
Net Income), and (ii) the terms of such Investment shall not require any additional Investment by the Company or any Restricted Subsidiary; and 
 (m) any Person (other than an Affiliate) in aggregate amount not to exceed the greater of (x) $180.0 million and (y) 7.5% of Consolidated Net Tangible Assets outstanding at any one time in the
aggregate. 
 “Permitted Liens” means: 

(a) Liens (including, without limitation and to the extent constituting a Lien, negative pledges) to secure Debt in an
aggregate principal amount not to exceed the greater of (x) the amount permitted to be Incurred under clause (b) of the second paragraph of Section 4.04, regardless of whether the Company and the Restricted Subsidiaries are actually
subject to the covenant contained in Section 4.04 at the time the Lien is Incurred and (y) an amount that does not cause the Consolidated Secured Leverage Ratio to exceed 3.50 to 1.0; 

(b) Liens for taxes, assessments or governmental charges or levies on the Property of the Company or any Restricted
Subsidiary if the same shall not at the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings promptly instituted and diligently concluded, provided that any reserve
or other appropriate provision that shall be required in conformity with GAAP shall have been made therefor; 

(c) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens and other similar Liens,
on the Property of the Company or any Restricted Subsidiary arising in the ordinary course of business and securing payment of obligations that are not more than 60 days past due or are being contested in good faith and by appropriate proceedings;

 (d) Liens on the Property of the Company or any Restricted Subsidiary Incurred in the ordinary course of
business to secure performance of obligations with respect to statutory or regulatory requirements, performance or return-of-money bonds, surety bonds or other obligations of a like nature and Incurred in a manner consistent with industry practice,
including banker’s liens and rights of set-off, in each case which are not Incurred in connection with the borrowing of money, the obtaining of advances or credit or the payment of the deferred purchase price of Property and which do not in the
aggregate impair in any material respect the use of Property in the operation of the business of the Company and the Restricted Subsidiaries taken as a whole; 

  
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 (e) Liens on Property at the time the Company or any Restricted Subsidiary
acquired the Property, including any acquisition by means of a merger or consolidation with or into the Company or any Restricted Subsidiary; provided, however, that any Lien of this kind may not extend to any other Property of the
Company or any Restricted Subsidiary; provided further, however, that the Liens shall not have been Incurred in anticipation of or in connection with the transaction or series of transactions pursuant to which the Property was
acquired by the Company or any Restricted Subsidiary; 
 (f) Liens on the Property of a Person at the time that
Person becomes a Restricted Subsidiary; provided, however, that any Lien of this kind may not extend to any other Property of the Company or any other Restricted Subsidiary that is not a direct Subsidiary of that Person;
provided further, however, that the Lien was not Incurred in anticipation of or in connection with the transaction or series of transactions pursuant to which the Person became a Restricted Subsidiary; 

(g) pledges or deposits by the Company or any Restricted Subsidiary under worker’s compensation laws, unemployment
insurance laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Debt) or leases to which the Company or any Restricted Subsidiary is party, or deposits to secure public or
statutory obligations of the Company or any Restricted Subsidiary, or deposits for the payment of rent, in each case Incurred in the ordinary course of business; 

(h) Liens (including, without limitation and to the extent constituting Liens, negative pledges), assignments and pledges
of rights to receive premiums, interest or loss payments or otherwise arising in connection with worker’s compensation loss portfolio transfer insurance transactions or any insurance or reinsurance agreements pertaining to losses covered by
insurance, and Liens (including, without limitation and to the extent constituting Liens, negative pledges) in favor of insurers or reinsurers on pledges or deposits by the Company or any Restricted Subsidiary under workmen’s compensation laws,
unemployment insurance laws or similar legislation; 
 (i) utility easements, building restrictions and such
other encumbrances or charges against real Property as are of a nature generally existing with respect to properties of a similar character; 
 (j) Liens arising out of judgments or awards against the Company or a Restricted Subsidiary with respect to which the Company or the Restricted Subsidiary shall then be proceeding with an appeal or other
proceeding for review; 
 (k) Liens in favor of surety bonds or letters of credit issued pursuant to the request
of and for the account of the Company or a Restricted Subsidiary in the ordinary course of its business, provided that these letters of credit do not constitute Debt; 

(l) leases or subleases of real property granted by the Company or a Restricted Subsidiary to any other Person in the
ordinary course of business and not materially impairing the use of the real property in the operation of the business of the Company or the Restricted Subsidiary; 

(m) Liens (including, without limitation and to the extent constituting Liens, negative pledges) on intellectual property
arising from intellectual property licenses entered into in the ordinary course of business; 
 (n) Liens or
negative pledges attaching to or related to joint ventures engaged in a Related Business, restricting Liens on interests in those joint ventures; 
 (o) Liens existing on the Issue Date not otherwise described in clauses (a) through (n) above; 

  
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 (p) Liens not otherwise described in clauses (a) through (o) above
on (x) the Property of any Foreign Subsidiary to secure any Debt permitted to be Incurred by the Foreign Subsidiary pursuant to Section 4.04 and (y) the Property of the Company or any Restricted Subsidiary to secure any Debt permitted
to be incurred under clause (l) of such Section; 
 (q) Liens on the Property of the Company or any
Restricted Subsidiary to secure any Refinancing, in whole or in part, of any Debt secured by Liens referred to in clause (d), (e), (f), (j) or (k) above; provided, however, that any Lien of this kind shall be limited to all
or part of the same Property that secured the original Lien (together with improvements and accessions to such Property) and the aggregate principal amount of Debt that is secured by the Lien shall not be increased to an amount greater than the sum
of: 
 (1) the outstanding principal amount, or, if greater, the committed amount, of the Debt secured by Liens
described under clause (d), (e), (f), (j) or (k) above, as the case may be, at the time the original Lien became a Permitted Lien under this Indenture, and 

(2) an amount necessary to pay any fees and expenses, including premiums and defeasance costs, incurred by the Company or
the Restricted Subsidiary in connection with the Refinancing; 
 (r) Liens not otherwise permitted by clauses
(a) through (q) above that are Liens permitted by the Existing Bank Credit Facilities as they exist on the Issue Date; 
 (s) Liens on cash or Temporary Cash Investments held as proceeds of Permitted Refinancing Debt pending the payment, purchase, defeasance or other retirement of the Debt being Refinanced; and 

(t) Liens not otherwise permitted by clauses (a) through (s) above encumbering assets having an aggregate Fair
Market Value not in excess of the greater of (i) $125.0 million and (ii) 5% of Consolidated Net Tangible Assets, as determined based on the consolidated balance sheet of the Company as of the end of the most recent fiscal quarter ending at
least 45 days prior to the date the Lien shall be Incurred. 
 “Permitted Refinancing Debt” means any Debt that
Refinances any other Debt, including any successive Refinancings, so long as: 
 (a) the new Debt is in an
aggregate principal amount (or if Incurred with original issue discount, an aggregate issue price) not in excess of the sum of: 
 (1) the aggregate principal amount (or if Incurred with original issue discount, the aggregate accreted value) then outstanding of the Debt being Refinanced, and 

(2) an amount necessary to pay any fees and expenses, including premiums and defeasance costs, related to the Refinancing,

 (b) the Average Life of the new Debt is equal to or greater than the Average Life of the Debt being
Refinanced, 
 (c) the Stated Maturity of the new Debt is no earlier than the Stated Maturity of the Debt being
Refinanced, and 
 (d) the new Debt shall not be senior in right of payment to the Debt that is being Refinanced;

 provided, however, that Permitted Refinancing Debt shall not include: 

(x) Debt of a Subsidiary that Refinances Debt of the Company, or 

  
 -17-

 (y) Debt of the Company or a Restricted Subsidiary that Refinances Debt of
an Unrestricted Subsidiary. 
 “Person” means any individual, corporation, company (including any limited liability
company), association, partnership, joint venture, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 
 “Preferred Stock” means any Capital Stock of a Person, however designated, which entitles the holder thereof to a preference with respect to the payment of dividends, or as to the distribution
of assets upon any voluntary or involuntary liquidation or dissolution of that Person, over shares of any other class of Capital Stock issued by that Person. 
 “Preferred Stock Dividends” means all dividends with respect to Preferred Stock of Restricted Subsidiaries held by Persons other than the Company or a Wholly Owned Restricted Subsidiary. The
amount of any dividend of this kind shall be equal to the quotient of the dividend divided by the difference between one and the maximum statutory federal income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of
the Preferred Stock. 
 “principal” of any Debt (including the Notes) means the principal amount of such Debt plus the
premium, if any, on such Debt. 
 “pro forma” means, with respect to any calculation made or required to be made
pursuant to the terms hereof, a calculation performed in accordance with Article 11 of Regulation S-X promulgated under the Securities Act, as interpreted in good faith by the Board of Directors of the Company, or otherwise a calculation made in
good faith by the Board of Directors of the Company, as the case may be. 
 “Productive Assets” means assets (other
than securities and inventory) that are used or usable by the Company and its Restricted Subsidiaries in Permitted Businesses. 

“Property” means, with respect to any Person, any interest of that Person in any kind of property or asset, whether real,
personal or mixed, or tangible or intangible, including Capital Stock in, and other securities of, any other Person. For purposes of any calculation required pursuant to this Indenture, the value of any Property shall be its Fair Market Value.

 “Purchase Money Debt” means Debt: 

(a) consisting of the deferred purchase price of property, conditional sale obligations, obligations under any title
retention agreement, other purchase money obligations and obligations in respect of industrial revenue bonds, in each case where the maturity of the Debt does not exceed the anticipated useful life of the Property being financed, and 

(b) Incurred to finance the acquisition, construction or lease by the Company or a Restricted Subsidiary of the Property,
including additions and improvements thereto; 
 provided, however, that the Debt is Incurred within 180 days after the
acquisition, construction or lease of the Property by the Company or Restricted Subsidiary. 
 “Qualified Capital
Stock” means any Capital Stock that is not Disqualified Stock. 
 “Qualified Receivables Transaction” means any
transaction or series of transactions that may be entered into by the Company or any of its Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to: 

(a) a Receivables Entity (in the case of a transfer by the Company or any of its Subsidiaries), and 

  
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 (b) any other Person (in the case of a transfer by a Receivables Entity),

 or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of the Company or any of its
Subsidiaries, and any assets related thereto including, without limitation, all collateral securing those accounts receivable, all contracts and all Guarantees or other obligations in respect of those accounts receivable, proceeds of those accounts
receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable; provided that: 

(1) if the transaction involves a transfer of accounts receivable with Fair Market Value equal to or greater than $25.0
million, the Board of Directors shall have determined in good faith that the Qualified Receivables Transaction is economically fair and reasonable to the Company and the Receivables Entity, 

(2) all sales of accounts receivable and related assets to or by the Receivables Entity are made at Fair Market Value, and

 (3) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as
determined in good faith by the Board of Directors). 
 The grant of a security interest in any accounts receivable of the Company or any of its
Restricted Subsidiaries to secure the Credit Facilities shall not be deemed a Qualified Receivables Transaction. 
 “Rating
Agencies” mean Moody’s and S&P. 
 “Real Estate Financing Transaction” means any arrangement with any
Person pursuant to which the Company or any Restricted Subsidiary Incurs Debt secured by a Lien on real property of the Company or any Restricted Subsidiary and related personal property together with any Refinancings thereof. 

“Receivables Entity” means a wholly owned Subsidiary of the Company (or another Person formed for the purposes of engaging in a
Qualified Receivables Transaction with the Company in which the Company or any Subsidiary of the Company makes an Investment and to which the Company or any Subsidiary of the Company transfers accounts receivable and related assets) which engages in
no activities other than in connection with the financing of accounts receivable of the Company and its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other assets relating thereto, and any business or
activities incidental or related to that business, and (with respect to any Receivables Entity formed after the Issue Date) which is designated by the Board of Directors (as provided below) as a Receivables Entity and 

(a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which 

(1) is Guaranteed by the Company or any Subsidiary of the Company (excluding Guarantees of obligations (other than the
principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), 
 (2) is
recourse to or obligates the Company or any Subsidiary of the Company in any way other than pursuant to Standard Securitization Undertakings, or 
 (3) subjects any property or asset of the Company or any Subsidiary of the Company, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard
Securitization Undertakings; 
 (b) with which neither the Company nor any Subsidiary of the Company has any
material contract, agreement, arrangement or understanding other than on terms which the Company reasonably believes to be no less favorable to the Company or the Subsidiary than those that might be obtained at the time from Persons that are not
Affiliates of the Company, and 

  
 -19-

 (c) to which neither the Company nor any Subsidiary of the Company has any
obligation to maintain or preserve the entity’s financial condition or cause the entity to achieve certain levels of operating results other than pursuant to Standard Securitization Undertakings. 

Any designation of this kind by the Board of Directors shall be evidenced to the Trustee by filing with the Trustee a certified copy of the resolution of
the Board of Directors giving effect to the designation and an Officers’ Certificate certifying that the designation complied with the foregoing conditions. 
 “Refinance” means, in respect of any Debt, to refinance, extend, renew, refund, repay, prepay, repurchase, redeem, defease or retire, or to issue other Debt, in exchange or replacement for, that
Debt. “Refinanced” and “Refinancing” shall have correlative meanings. 
 “Related Business” means
any business that is related, ancillary or complementary to the businesses of the Company and the Restricted Subsidiaries on the Issue Date. 
 “Repay” means, in respect of any Debt, to repay, prepay, repurchase, redeem, legally defease or otherwise retire that Debt. “Repayment” and “Repaid” shall have correlative
meanings. For purposes of Section 4.04 and Section 4.07 and the definition of “Consolidated Fixed Charges Coverage Ratio,” Debt shall be considered to have been Repaid only to the extent the related loan commitment, if any, shall
have been permanently reduced in connection therewith. 
 “Restricted Payment” means: 

(a) any dividend or distribution (whether made in cash, securities or other Property) declared or paid on or with respect
to any shares of Capital Stock of the Company or any Restricted Subsidiary (including any payment in connection with any merger or consolidation with or into the Company or any Restricted Subsidiary), except for any dividend or distribution that is
made to the Company or the parent of the Restricted Subsidiary or any dividend or distribution payable solely in shares of Capital Stock (other than Disqualified Stock) of the Company; 

(b) the purchase, repurchase, redemption, acquisition or retirement for value of any Capital Stock of the Company or any
Restricted Subsidiary (other than from the Company or a Restricted Subsidiary) or any securities exchangeable for or convertible into Capital Stock of the Company or any Restricted Subsidiary, including the exercise of any option to exchange any
Capital Stock (other than for or into Capital Stock of the Company that is not Disqualified Stock); 
 (c) the
purchase, repurchase, redemption, acquisition or retirement for value, prior to the date for any scheduled maturity, sinking fund or amortization or other installment payment, of any Subordinated Obligation (other than the purchase, repurchase or
other acquisition of any Subordinated Obligation purchased in anticipation of satisfying a scheduled maturity, sinking fund or amortization or other installment obligation, in each case due within one year of the date of acquisition); 

(d) any Investment (other than Permitted Investments) in any Person; or 

(e) the issuance, sale or other disposition of Capital Stock of any Restricted Subsidiary to a Person other than the
Company or another Restricted Subsidiary if the result thereof is that the Restricted Subsidiary shall cease to be a Restricted Subsidiary, in which event the amount of the “Restricted Payment” shall be the Fair Market Value of the
remaining interest, if any, in the former Restricted Subsidiary held by the Company and the other Restricted Subsidiaries. 

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

  
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 “S&P” means Standard & Poor’s Ratings Service or any successor
to the rating agency business thereof. 
 “Sale and Leaseback Transaction” means any direct or indirect arrangement
relating to Property now owned or hereafter acquired whereby the Company or a Restricted Subsidiary transfers that Property to another Person and the Company or a Restricted Subsidiary leases it from that other Person together with any Refinancings
thereof. 
 “SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Significant Subsidiary” means any Subsidiary that would be a “Significant Subsidiary” of the Company within the
meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 
 “Standard Securitization Undertakings” means
representations, warranties, covenants and indemnities entered into by the Company or any Subsidiary of the Company which are customary in an accounts receivable securitization transaction involving a comparable company. 

“Stated Maturity” means, with respect to any security, the date specified in the security as the fixed date on which the
payment of principal of the security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of the security at the option of the holder thereof upon the happening of any
contingency beyond the control of the issuer unless that contingency has occurred). 
 “Subordinated Obligation” means
any Debt of the Company (whether outstanding on the Issue Date or thereafter Incurred) that is subordinate or junior in right of payment to the Notes pursuant to a written agreement to that effect. 

“Subsidiary” means, in respect of any Person, any corporation, company (including any limited liability company), association,
partnership, joint venture or other business entity of which a majority of the total voting power of the Voting Stock is at the time owned or controlled, directly or indirectly, by: 

(a) that Person, 
 (b) that Person and one or more Subsidiaries of that Person, or 

(c) one or more Subsidiaries of that Person. 
 “Temporary Cash Investments” means any of the following: 

(a) Investments in U.S. Government Obligations maturing within 365 days of the date of acquisition thereof; 

(b) Investments in time deposit accounts, banker’s acceptances, certificates of deposit and money market deposits
maturing within 180 days of the date of acquisition thereof issued by a bank or trust company organized under the laws of the United States of America or any state thereof having capital, surplus and undivided profits aggregating in excess of $500.0
million or issued by a commercial bank organized under the laws of any other country that is a member of the Organization for Economic Cooperation and Development having total assets in excess of $500.0 million (or its foreign currency equivalent at
the time), and in any case whose long-term debt is rated “A-3” or “A-” or higher according to Moody’s or S&P (or a similar equivalent rating by at least one “nationally recognized statistical rating
organization” (as defined in Rule 436 under the Securities Act)); 

  
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 (c) repurchase obligations with a term of not more than 30 days for
underlying securities of the types described in clause (a) entered into with: 
 (1) a bank meeting the
qualifications described in clause (b) above, or 
 (2) any primary government securities dealer reporting
to the Market Reports Division of the Federal Reserve Bank of New York; 
 (d) Investments in commercial paper,
maturing not more than 270 days after the date of acquisition, issued by a corporation (other than an Affiliate of the Company) organized and in existence under the laws of the United States of America or any other country that is a member of the
Organization for Economic Cooperation and Development, and in any case with a rating at the time as of which any Investment therein is made of “P-1” (or higher) according to Moody’s or”A-1” (or higher) according to S&P
(or a similar equivalent rating by at least one “nationally recognized statistical rating organization” (as defined in Rule 436 under the Securities Act); and 

(e) direct obligations (or certificates representing an ownership interest in such obligations) of any state of the United
States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of such state is pledged and which are not callable or redeemable at the issuer’s option, provided that: 

(1) the long-term debt of the state is rated “A-3” or “A-” or higher according to Moody’s or
S&P (or a similar equivalent rating by at least one “nationally recognized statistical rating organization” (as defined in Rule 436 under the Securities Act)), and 

(2) the obligations mature within 180 days of the date of acquisition thereof. 

“TIA” means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of this Indenture;
provided, however, that, in the event the TIA is amended after such date, “TIA” means, to the extent required by any such amendments, the Trust Indenture Act of 1939 as so amended. 

“Trust Officer” means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee,
including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs such 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. 
 “Trustee” means the party named as such in this Indenture until a successor replaces it and, thereafter,
means the successor. 
 “Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to
time. 
 “United States” means the United States of America (including the states and the District of Columbia) and
its territories, possessions and other areas subject to its jurisdiction. 
 “United States Person” means any
individual who is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia (other than a
partnership that is not treated as a United States Person under any applicable Treasury regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

“Unrestricted Subsidiary” means: 
 (a) any Subsidiary of the Company that is designated after the Issue Date as an Unrestricted Subsidiary as permitted or required pursuant to Section 4.10 and is not thereafter redesignated as a
Restricted Subsidiary as permitted pursuant thereto; and 
 (b) any Subsidiary of an Unrestricted Subsidiary.

  
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 “U.S. Government Obligations” means direct obligations (or certificates
representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America is pledged and which are not
callable or redeemable at the issuer’s option. 
 “Voting Stock” of any Person means all classes of Capital Stock
or other interests (including partnership interests) of that Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof. 

“Wholly Owned Restricted Subsidiary” means, at any time, a Restricted Subsidiary all the Voting Stock of which (except
directors’ qualifying shares) is at that time owned, directly or indirectly, by the Company and its other Wholly Owned Subsidiaries. 
 SECTION 1.02. Other Definitions. 
  

			
	 Term
	  	Defined in Section
	“Affiliate Transaction”	  	4.09
	“Bankruptcy Law”	  	6.01
	“Change of Control Offer”	  	4.12
	“Change of Control Payment Date”	  	4.12
	“Change of Control Purchase Price”	  	4.12
	“covenant defeasance option”	  	8.01
	“Custodian”	  	6.01
	“Event of Default”	  	6.01
	“Exchange Note”	  	Appendix A
	“Global Note”	  	Appendix A
	“legal defeasance option”	  	8.01
	“Legal Holiday”	  	10.09
	“Offer Amount”	  	4.07
	“Offer Period”	  	4.07
	“OID”	  	2.01
	“Original Notes”	  	2.01
	“Paying Agent”	  	2.04
	“Prepayment Offer”	  	4.07
	“Registered Exchange Offer”	  	Appendix A
	“Registrar”	  	2.04
	“Shelf Registration Statement”	  	Appendix A
	“Surviving Person”	  	5.01
	“Suspended Covenants”	  	4.01

 SECTION 1.03. Incorporation by Reference of Trust Indenture Act. This Indenture is subject to the
mandatory provisions of the TIA, which are incorporated by reference in and made a part of this Indenture. The following TIA terms have the following meanings: 
 “Commission” means the SEC. 
 “indenture
securities” means the Notes. 
 “indenture security holder” means a Noteholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

  
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 “obligor” on the indenture securities means the Company and any
other obligor on the indenture securities. 
 All other TIA terms used in this Indenture that are defined by the TIA, defined by
TIA reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions. 
 SECTION 1.04.
Rules of Construction. Unless the context otherwise requires: 
 (1) a term has the meaning assigned to
it; 
 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

 (3) “or” is not exclusive; 

(4) “including” means including without limitation; 

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

(6) unsecured Debt shall not be deemed to be subordinate or junior to secured Debt merely by virtue of its nature as
unsecured Debt; 
 (7) the principal amount of any non-interest bearing or other discount security at any date
shall be the principal amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; and 
 (8) the principal amount of any Preferred Stock shall be the greater of (i) the maximum liquidation value of such Preferred Stock or (ii) the maximum mandatory redemption or mandatory repurchase
price with respect to such Preferred Stock. 
 ARTICLE II  

The Notes 

SECTION 2.01. Amount of Notes; Issuable in Series. The aggregate principal amount of Notes which may be authenticated and
delivered under this Indenture is unlimited. All Notes shall be identical in all respects other than issue prices and issuance dates. The Notes may be issued in one or more series; provided, however, that any Notes issued with original
issue discount (“OID”) for Federal income tax purposes shall not be issued as part of the same series as any Notes that are issued with a different amount of OID or are not issued with OID. All Notes of any one series shall be
substantially identical except as to denomination. 
 Subject to Section 2.03, the Trustee shall authenticate Notes for
original issue on the Issue Date in the aggregate principal amount of $385.0 million (the “Original Notes”). With respect to any Notes issued after the Issue Date (except for Notes authenticated and delivered upon registration of transfer
of, or in exchange for, or in lieu of, Original Notes pursuant to Section 2.07, 2.08, 2.09 or 3.06 or Appendix A), there shall be established in or pursuant to a resolution of the Board of Directors, and subject to Section 2.03, set forth,
or determined in the manner provided in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of such Notes: 

(1) whether such Notes shall be issued as part of a new or existing series of Notes and the title of such Notes (which
shall distinguish the Notes of the series from Notes of any other series); 
 (2) the aggregate principal amount
of such Notes that may be authenticated and delivered under this Indenture (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes of the same series pursuant to
Section 2.07, 2.08, 2.09 or 3.06 or Appendix A and except for Notes which, pursuant to Section 2.03, are deemed never to have been authenticated and delivered hereunder); 

  
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 (3) the issue price and issuance date of such Notes, including the date from
which interest on such Notes shall accrue; 
 (4) if applicable, that such Notes shall be issuable in whole or in
part in the form of one or more Global Notes and, in such case, the respective depositories for such Global Notes, the form of any legend or legends that shall be borne by any such Global Note in addition to or in lieu of those set forth in Exhibit
A and any circumstances in addition to or in lieu of those set forth in Section 2.3 of Appendix A in which any such Global Note may be exchanged in whole or in part for Notes registered, and any transfer of such Global Note in whole or in part
may be registered, in the name or names of Persons other than the depositary for such Global Note or a nominee thereof; and 
 (5) if applicable, that such Notes shall not be issued in the form of Initial Notes subject to Appendix A, but shall be issued in the form of Exchange Notes as set forth in Exhibit A. 

If any of the terms of any series are established by action taken pursuant to a resolution of the Board of Directors, a copy of an
appropriate record of such action shall be certified by the Secretary or any Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate or the trust indenture supplemental hereto
setting forth the terms of the series. 
 SECTION 2.02. Form and Dating. Provisions relating to the Initial Notes of each
series and the Exchange Notes are set forth in Appendix A, which is hereby incorporated in and expressly made part of this Indenture. The Initial Notes of each series and the certificate of authentication included therein shall be substantially in
the form of Exhibit A which is hereby incorporated in and expressly made a part of this Indenture. The Exchange Notes and the certificate of authentication shall be substantially in the form of Exhibit A, which is hereby incorporated in and
expressly made a part of this Indenture. The Notes of each series may have notations, legends or endorsements required by law, stock exchange rule, agreements to which the Company is subject, if any, or usage, provided that any such notation,
legend or endorsement is in a form reasonably acceptable to the Company. Each Note shall be dated the date of its authentication. The terms of the Notes of each series set forth in Exhibit A are part of the terms of this Indenture. The Notes shall
be issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 SECTION 2.03. Execution and
Authentication. Two Officers shall sign the Notes for the Company by manual or facsimile signature. The Company’s seal may be impressed, affixed, imprinted or reproduced on the Notes and may be in facsimile form. 

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. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may
deliver Notes of any series executed by the Company to the Trustee for authentication, together with a written order of the Company in the form of an Officers’ Certificate for the authentication and delivery of such Notes, and the Trustee in
accordance with such written order of the Company shall authenticate and deliver such Notes. 
 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 may appoint an Authentication Agent reasonably acceptable to the Company to authenticate any series of Notes. Unless limited
by the terms of such appointment, an Authentication 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 Authentication Agent has the
same rights as any Registrar, Paying Agent or agent for service of notices and demands. 

  
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 SECTION 2.04. Registrar and Paying Agent. The Company shall maintain an office or
agency where Notes may be presented for registration of transfer or for exchange (the “Registrar”) and an office or agency where Notes may be presented for payment (the “Paying Agent”). The Registrar shall keep a register of the
Notes and of their transfer and exchange. The Company may have one or more co-registrars and one or more additional paying agents. The term “Paying Agent” includes any additional paying agent. 

The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent or co-registrar 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 such agent. If the Company fails to maintain a Registrar or Paying Agent, the
Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07. The Company or any of its domestically incorporated Wholly Owned Subsidiaries may act as Paying Agent, Registrar, co-registrar or
transfer agent. 
 Initially, the Trustee will act as Registrar and Paying Agent with regard to the Notes. 

SECTION 2.05. Paying Agent To Hold Money in Trust. Prior to each due date of the principal and interest on any Note, the Company
shall deposit with the Paying Agent a sum sufficient to pay such principal and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that the Paying Agent shall hold in trust for the
benefit of 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 in writing of any default by the Company in making any such payment. If the Company or a
Wholly Owned Subsidiary acts as Paying Agent, it shall segregate the money held by it as Paying Agent 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 to account
for any funds disbursed by the Paying Agent. Upon complying with this Section, the Paying Agent shall have no further liability for the money delivered to the Trustee. 
 SECTION 2.06. Noteholder Lists. The Registrar 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, in writing at least five Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date
as the Trustee may reasonably require of the names and addresses of Noteholders. 
 SECTION 2.07. Replacement Notes. If a
mutilated Note is surrendered to the Registrar or if the Holder of a Note claims that such Note has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Note if the requirements of
Section 8-405 of the Uniform Commercial Code are met and the Holder satisfies any other reasonable requirements of the Trustee and/or the Authentication Agent, as applicable. If required by the Trustee or the Company, such Holder shall furnish
an indemnity bond sufficient in the judgment of the Company and the Trustee (and the Paying Agent, Registrar and Authentication Agent, if not the Trustee) to protect the Company, the Trustee, the Paying Agent, the Registrar and any co-registrar from
any loss which any of them may suffer if a Note is replaced. The Company and the Trustee may charge the Holder for their expenses in replacing a Note. 
 Every replacement Note is an additional obligation of the Company. 
 SECTION 2.08.
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 and those described in this Section as not outstanding. A Note does not cease
to be outstanding because the Company or an Affiliate of the Company holds the Note. 
 If a Note is replaced pursuant to
Section 2.07, it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Note is held by a bona fide purchaser. 
 If the Paying Agent segregates and holds in trust, in accordance with this Indenture, on a redemption date or maturity date money sufficient to pay all principal and interest payable on that date with
respect to the Notes (or portions thereof) to be redeemed or maturing, as the case may be, then on and after that date such Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 

  
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 SECTION 2.09. Temporary Notes. Until definitive Notes are ready for delivery, the
Company may prepare and the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Company considers appropriate for temporary Notes. Without unreasonable
delay, the Company shall prepare and the Trustee shall authenticate definitive Notes and deliver them in exchange for temporary Notes. 
 SECTION 2.10. 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 any Notes surrendered to them
for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and dispose of all Notes surrendered for registration of transfer, exchange, payment or cancellation in its customary manner. The Company may not issue new
Notes to replace Notes it has redeemed, paid or delivered to the Trustee for cancellation, except pursuant to the terms of this Indenture. 
 SECTION 2.11. Defaulted Interest. If the Company defaults in a payment of interest on the Notes, the Company shall pay the defaulted interest (plus interest on such defaulted interest to the extent
lawful) in any lawful manner. The Company may pay the defaulted interest to the persons who are Noteholders on a subsequent special record date. The Company shall fix or cause to be fixed any such special record date and payment date to the
reasonable satisfaction of the Trustee and shall promptly mail to each Noteholder a notice that states the special record date, the payment date and the amount of defaulted interest to be paid. 

SECTION 2.12. CUSIP, ISIN or Common Code Numbers. The Company in issuing the Notes may use “CUSIP”, “ISIN” or
“Common Code” numbers (if then generally in use) and, if so, the Trustee shall use “CUSIP”, “ISIN” or “Common Code” numbers in notices of redemption as a convenience to Holders; provided,
however, that neither the Company nor the Trustee shall have any responsibility for any defect in the “CUSIP”, “ISIN” or “Common Code” number that appears on any Note, check, advice of payment or redemption
notice, and any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification
numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall promptly notify the Trustee of any change in such numbers. 

ARTICLE III  
 Redemption 
 SECTION 3.01. Notices to Trustee. If the Company elects
to redeem Notes pursuant to paragraph 5 of the Notes, it shall notify the Trustee in writing of the redemption date, the principal amount of Notes to be redeemed and that such redemption is being made pursuant to paragraph 5 of the Notes.

 The Company shall give each notice to the Trustee provided for in this Section at least 45 days before the redemption date
unless the Trustee consents to a shorter period. Such notice shall be accompanied by an Officers’ Certificate and an Opinion of Counsel from the Company to the effect that such redemption will comply with the conditions herein. 

SECTION 3.02. Selection of Notes To Be Redeemed. If fewer than all of the Notes are to be redeemed, the Trustee shall select the
Notes to be redeemed pro rata or by lot or by a method that complies with applicable legal and securities exchange requirements, if any, consistent with the Trustee’s customary practice. The Trustee shall make the selection from outstanding
Notes not previously called for redemption. The Trustee may select for redemption portions of the principal of Notes that have denominations larger than $2,000. Notes and portions of them the Trustee selects shall be in amounts of $2,000 or a whole
multiple of $1,000 in excess thereof. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The Trustee shall notify the Company promptly of the Notes or portions of Notes to be
redeemed. 

  
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 SECTION 3.03. Notice of Redemption. At least 30 days but not more than 60 days
before a date for redemption of Notes, the Company shall mail a notice of redemption by first-class mail, and in the case of Notes held in book entry form, by electronic transmission, to each Holder of Notes to be redeemed. 

The notice shall identify the Notes to be redeemed (including any CUSIP, Common Code or ISIN numbers) and shall state: 

(1) the redemption date; 
 (2) the redemption price or the information specified in clause (c) of paragraph 5 of the Notes; 
 (3) the name and address of the applicable Paying Agent; 
 (4) that
Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 
 (5) if
fewer than all the outstanding Notes are to be redeemed, the identification and principal amounts of the particular Notes to be redeemed; 
 (6) that, unless the Company defaults in making such redemption payment, interest on Notes (or portion thereof) called for redemption ceases to accrue on and after the redemption date; and 

(7) that no representation is made as to the correctness or accuracy of the CUSIP, ISIN or Common Code number, if any,
listed in such notice or printed on the Notes. 
 At the Company’s written request, the Trustee shall give the notice of
redemption in the Company’s name and at the Company’s expense. In such event, the Company shall provide the Trustee with the information required by this Section at least 45 days before the redemption date. 

If the Company elects to provide, in lieu of the redemption price, the information specified in clause (c) of paragraph 5 of the
Notes in the notice of redemption, the Trustee shall give the notice of the redemption price, in the Company’s name and the Company’s expense, one business day prior to the redemption date. 

SECTION 3.04. Effect of Notice of Redemption. Once notice of redemption is mailed, 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 applicable Paying Agent, such Notes shall be paid at the redemption price stated in the notice, plus accrued interest to the redemption date
(subject to the right of Holders of record on the relevant record date to receive interest due on the related interest payment date that is on or prior to the date of redemption). Failure to give notice or any defect in the notice to any Holder
shall not affect the validity of the notice to any other Holder. 
 SECTION 3.05. Deposit of Redemption Price. On or
prior to 10:00 a.m. New York City time on the Business Day immediately preceding the anticipated redemption date, the Company shall deposit with the applicable Paying Agent (or, if the Company or a Wholly Owned Subsidiary is the Paying Agent, shall
segregate and hold in trust) money in U.S. Dollars sufficient to pay the redemption price of and accrued interest (subject to the right of Holders of record on the relevant record date to receive interest due on the related interest payment date
that is on or prior to the date of redemption) on all Notes to be redeemed on that date other than Notes or portions of Notes called for redemption that have been delivered by the Company to the Trustee for cancellation. 

SECTION 3.06. Notes Redeemed in Part. Upon surrender of a Note that is redeemed in part, the Company shall execute and the Trustee
shall authenticate for the Holder (at the Company’s expense) a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

  
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 ARTICLE IV  
 Covenants 
 SECTION 4.01. Covenant Suspension. During any period of
time that: 
 (a) the Notes have Investment Grade Ratings from both Rating Agencies, and 

(b) no Default or Event of Default has occurred and is continuing under this Indenture, 

the Company and the Restricted Subsidiaries will not be subject to the following Sections of this Indenture: Section 4.04, Section 4.05,
Section 4.07, Section 4.08, clause (x) of the third paragraph (and as referred to in the first paragraph) of Section 4.10, and clause (e) of Section 5.01 (collectively, the “Suspended Covenants”). In the event
that the Company and the Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of the preceding sentence and, subsequently, one or both of the Rating Agencies withdraws its ratings or downgrades the
ratings assigned to the Notes below the required Investment Grade Rating or a Default or Event of Default occurs and is continuing, then the Company and the Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants for all
periods after that withdrawal, downgrade, Default or Event of Default and, furthermore, compliance with the provisions of Section 4.05 with respect to Restricted Payments made after the time of the withdrawal, downgrade, Default or Event of
Default will be calculated in accordance with the terms of that covenant as though that covenant had been in effect during the entire period of time from the Issue Date, provided that there will not be deemed to have occurred a Default or
Event of Default with respect to that covenant during the time that the Company and the Restricted Subsidiaries were not subject to the Suspended Covenants (or after that time based solely on events that occurred during that time). 

SECTION 4.02. Payment of Notes. The Company shall promptly pay the principal of and interest on the Notes on the dates and in the
manner provided in the Notes and in this Indenture. Principal and interest shall be considered paid on the date due if on such date the Trustee or the applicable Paying Agent holds in accordance with this Indenture money sufficient to pay all
principal and interest then due. 
 The Company shall pay interest on overdue principal at the rate specified therefor in the
Notes, and it shall pay interest on overdue installments of interest at the rate borne by the Notes to the extent lawful. 

SECTION 4.03. SEC Reports. Notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or
15(d) of the Exchange Act, the Company shall file with the SEC and provide the Trustee and Holders of Notes with annual reports and information, documents and other reports as are specified in Sections 13 and 15(d) of the Exchange Act and applicable
to a U.S. corporation subject to those Sections, and the information, documents and reports to be so filed and provided at the times specified for the filing of the information, documents and reports under those Sections; provided,
however, that (i) the Company shall not be so obligated to file the information, documents and reports with the SEC if the SEC does not permit those filings and (ii) the electronic filing with the SEC through the SEC’s
Electronic Data Gathering, Analysis, and Retrieval System (or any successor system providing for free public access to such filings) shall satisfy the Company’s obligation to provide such reports, information and documents to the Trustee and
the Holders of Notes. The Company shall also comply with the other provisions of TIA § 314(a). 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
conclusively rely exclusively on Officers’ Certificates). The Trustee shall have no liability or responsibility for the filing, timeliness or content of any such report. 
 SECTION 4.04. Limitation on Debt. The Company shall not, and shall not permit any Restricted Subsidiary to, Incur, directly or indirectly, any Debt unless, after giving effect to the application of
the proceeds thereof, no Default or Event of Default would occur as a consequence of the Incurrence or be continuing following the Incurrence and either: 

  
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 (1) the Debt is Debt of the Company or a Future Guarantor and after giving
effect to the Incurrence of the Debt and the application of the proceeds thereof, the Consolidated Fixed Charges Coverage Ratio would be greater than 2.00 to 1.00, or 

(2) the Debt is Permitted Debt. 
 “Permitted Debt” means: 
 (a) Debt of the Company
evidenced by the Original Notes; 
 (b) Debt of the Company or a Restricted Subsidiary Incurred under any Credit
Facilities, Incurred by the Company or a Restricted Subsidiary pursuant to a Real Estate Financing Transaction, a Sale and Leaseback Transaction, an Equipment Financing Transaction or Debt Issuances, Debt Incurred by the Company or a Restricted
Subsidiary in respect of Capital Lease Obligations and Purchase Money Debt, or Incurred by a Receivables Entity in a Qualified Receivables Transaction that is not recourse to the Company or any other Restricted Subsidiary of the Company (except for
Standard Securitization Undertakings), provided that the aggregate principal amount of all Debt of this kind at any one time outstanding shall not exceed the greater of: 

(1) $1.6 billion, which amount shall be permanently reduced by the amount of Net Available Cash from an Asset Sale used to
Repay Debt Incurred pursuant to this clause (b) pursuant to Section 4.07, and 
 (2) the sum of the
amounts equal to: 
 (A) 60% of the book value of the inventory of the Company and the Restricted Subsidiaries,
and 
 (B) 85% of the book value of the accounts receivable of the Company and the Restricted Subsidiaries, in
the case of each of clauses (A) and (B) as of the most recently ended quarter of the Company for which financial statements of the Company have been provided to the Holders of Notes; 

(c) Debt of the Company owing to and held by any Restricted Subsidiary and Debt of a Restricted Subsidiary owing to and
held by the Company or any Restricted Subsidiary; provided, however, that (1) any subsequent issue or transfer of Capital Stock or other event that results in any Restricted Subsidiary ceasing to be a Restricted Subsidiary or any
subsequent transfer of that Debt (except to the Company or a Restricted Subsidiary) shall be deemed, in each case, to constitute the Incurrence of that Debt by the issuer thereof, and (2) if the Company is the obligor on that Indebtedness, the
Indebtedness is expressly subordinated to the prior payment in full in cash of all obligations with respect to the Notes; 
 (d) Debt of a Restricted Subsidiary outstanding on the date on which that Restricted Subsidiary was acquired by the Company or otherwise became a Restricted Subsidiary (other than Debt Incurred as
consideration in, or to provide all or any portion of the funds or credit support utilized to consummate, a transaction or series of transactions pursuant to which the Restricted Subsidiary became a Restricted Subsidiary of the Company or was
otherwise acquired by the Company), provided that at the time that Person was acquired by the Company or otherwise became a Restricted Subsidiary and after giving effect to the Incurrence of that Debt, (i) the Company would have been
able to Incur $1.00 of additional Debt pursuant to clause (1) of the first paragraph of this Section 4.04 or (ii) the Consolidated Fixed Charges Coverage Ratio would have been greater than such ratio immediately prior to such
transaction; 
 (e) Debt Incurred as consideration in, or to provide all or any portion of the funds or credit
support utilized to consummate, a transaction or series of transactions pursuant to which a Person became a Restricted Subsidiary of the Company or was otherwise acquired by the Company; provided at the time that Person was acquired by the
Company or otherwise became a Restricted Subsidiary and after giving effect 

  
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to the Incurrence of that Debt, (i) the Company would have been able to Incur $1.00 of additional Debt pursuant to clause (1) of the first paragraph of this covenant or (ii) the
Consolidated Fixed Charges Coverage Ratio would have been greater than such ratio immediately prior to such transaction and would be at least 1.75 to 1.0; 
 (f) Debt under Interest Rate Agreements entered into by the Company or a Restricted Subsidiary for the purpose of limiting interest rate risk in the ordinary course of the financial management of the
Company or that Restricted Subsidiary and not for speculative purposes, provided that the obligations under those agreements are related to payment obligations on Debt otherwise permitted by the terms of this Section 4.04; 

(g) Debt under Currency Exchange Protection Agreements entered into by the Company or a Restricted Subsidiary for the
purpose of limiting currency exchange rate risks directly related to transactions entered into by the Company or that Restricted Subsidiary in the ordinary course of business and not for speculative purposes; 

(h) Debt under Commodity Price Protection Agreements entered into by the Company or a Restricted Subsidiary in the
ordinary course of the financial management of the Company or that Restricted Subsidiary and not for speculative purposes; 
 (i) Debt in connection with one or more standby letters of credit or performance bonds issued by the Company or a Restricted Subsidiary in the ordinary course of business or pursuant to self-insurance
obligations and not in connection with the borrowing of money or the obtaining of advances or credit; 
 (j) Debt
arising from agreements of the Company or a Restricted Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in each case, incurred in connection with the disposition of any business, assets or Capital Stock
of a Subsidiary, other than Guarantees of Debt Incurred by any Person acquiring all or any portion of such business, assets or Capital Stock; provided, however, that the maximum aggregate liability in respect of all such Debt shall at
no time exceed the gross proceeds actually received by the Company or such Restricted Subsidiary in connection with such disposition; 
 (k) Debt outstanding on the Issue Date not otherwise described in clauses (a) through (j) above; 
 (l) Debt of the Company or a Restricted Subsidiary in an aggregate principal amount outstanding at any one time not to exceed the greater of $150.0 million and 7.5% of the Company’s Consolidated Net
Tangible Assets (as calculated at the time of incurrence); 
 (m) Debt of one or more Foreign Restricted
Subsidiaries in an aggregate principal amount outstanding at any one time not to exceed $150.0 million; 
 (n)
Guarantees of Debt otherwise permitted herein by a Future Guarantor; and 
 (o) Permitted Refinancing Debt
Incurred in respect of Debt Incurred pursuant to clause (1) of the first paragraph of this Section 4.04 and clauses (a), (d), (e) and (k) above. 
 For purposes of determining compliance with any restriction on the incurrence of Debt in dollars where Debt is denominated in a different currency, the amount of such Debt will be the Dollar Equivalent
determined on the date of such determination, provided that if any such Debt denominated in a different currency is subject to a Currency Exchange Protection Agreement (with respect to dollars) covering principal amounts payable on such Debt, the
amount of such Debt expressed in euros will be adjusted to take into account the effect of such agreement. The principal amount of any Permitted Refinancing Debt Incurred in the same currency as the Debt being Refinanced will be the Dollar
Equivalent of the Debt Refinanced determined on the date such Debt being Refinanced 

  
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was initially Incurred. Notwithstanding any other provision of this covenant, for purposes of determining compliance with this Section 4.04, increases in Debt solely due to fluctuations in
the exchange rates of currencies will not be deemed to exceed the maximum amount that the Company or any Restricted Subsidiary may Incur under any of clauses (a) through (o) of this Section 4.04. 

For purposes of determining compliance with this Section 4.04: 

(A) in the event that an item of Debt meets the criteria of more than one of the types of Debt described above, the
Company, in its sole discretion, will classify such item of Debt at the time of Incurrence and only be required to include the amount and type of such Debt in one of the above clauses; and 

(B) the Company will be entitled to divide and classify and reclassify an item of Debt in more than one of the types of
Debt described above. 
 SECTION 4.05. Limitation on Restricted Payments. The Company shall not make, and shall not
permit any Restricted Subsidiary to make, directly or indirectly, any Restricted Payment if at the time of, and after giving effect to, the proposed Restricted Payment, 
 (a) a Default or Event of Default shall have occurred and be continuing, 
 (b) the
Company could not Incur at least $1.00 of additional Debt pursuant to clause (1) of the first paragraph of Section 4.04, or 
 (c) the aggregate amount of that Restricted Payment and all other Restricted Payments declared or made after the Issue Date (the amount of any Restricted Payment, if made other than in cash, to be based
upon Fair Market Value) would exceed an amount equal to the sum of: 
 (1) 50% of the aggregate amount of
Consolidated Net Income accrued during the period (treated as one accounting period) from February 27, 2012 to the end of the most recent fiscal quarter ending at least 45 days prior to the date of the Restricted Payment (or if the aggregate
amount of Consolidated Net Income for such period shall be a deficit, minus 100% of such deficit), plus 
 (2)
Capital Stock Sale Proceeds received after the Issue Date, plus 
 (3) the sum of: 

(A) the aggregate net cash proceeds received by the Company or any Restricted Subsidiary from the issuance or sale after
the Issue Date of convertible or exchangeable Debt that has been converted into or exchanged for Capital Stock (other than Disqualified Stock) of the Company, and 

(B) the aggregate amount by which Debt of the Company or any Restricted Subsidiary is reduced on the Company’s
consolidated balance sheet on or after the Issue Date upon the conversion or exchange of any Debt issued or sold on or prior to the Issue Date that is convertible or exchangeable for Capital Stock (other than Disqualified Stock) of the Company,

 excluding, in the case of clause (A) or (B): 

(x) any Debt issued or sold to the Company or a Subsidiary of the Company or an employee stock ownership plan or trust
established by the Company or any Subsidiary for the benefit of their employees, and 

  
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 (y) the aggregate amount of any cash or other Property distributed by the
Company or any Restricted Subsidiary upon any such conversion or exchange, plus 
 (4) an amount equal to the sum
of: 
 (A) the net reduction in Investments in any Person other than the Company or a Restricted Subsidiary
resulting from dividends, repayments of loans or advances or other transfers of Property made after the Issue Date, in each case to the Company or any Restricted Subsidiary from that Person, less the cost of the disposition of those Investments, and

 (B) the lesser of the net book value or the Fair Market Value of the Company’s equity interest in an
Unrestricted Subsidiary at the time the Unrestricted Subsidiary is designated a Restricted Subsidiary (provided that such designation occurs after the Issue Date); 
 provided, however, that the foregoing sum shall not exceed, in the case of any Person, the amount of Investments previously made (and treated as a Restricted Payment) by the Company or any
Restricted Subsidiary in that Person; plus 
 (5) an amount equal to the restricted payment
availability as of the Issue Date under the provisions corresponding to the foregoing in the indenture governing the Company’s
7 5/8% Senior Notes due 2020, which approximates
$617 million as of February 26, 2012. 
 Notwithstanding the foregoing limitation, the Company may: 

(a) pay dividends on its Capital Stock within 60 days of the declaration thereof if, on said declaration date, the
dividends could have been paid in compliance with this Indenture; provided, however, that the dividend shall be included in the calculation of the amount of Restricted Payments; 

(b) purchase, repurchase, redeem, legally defease, acquire or retire for value Capital Stock of the Company or
Subordinated Obligations in exchange for, or out of the proceeds of the substantially concurrent sale of, Capital Stock of the Company (other than Disqualified Stock and other than Capital Stock issued or sold to a Subsidiary of the Company or an
employee stock ownership plan or trust established by the Company or any Subsidiary for the benefit of their employees); provided, however, that 
 (1) the purchase, repurchase, redemption, legal defeasance, acquisition or retirement shall be excluded in the calculation of the amount of Restricted Payments, and 

(2) the Capital Stock Sale Proceeds from the exchange or sale shall be excluded from the calculation pursuant to clause
(c)(2) above; 
 (c) purchase, repurchase, redeem, legally defease, acquire or retire for value any Subordinated
Obligations in exchange for, or out of the proceeds of the substantially concurrent sale of, Permitted Refinancing Debt; provided, however, that the purchase, repurchase, redemption, legal defeasance, acquisition or retirement shall be
excluded in the calculation of the amount of Restricted Payments; 
 (d) pay scheduled dividends (not
constituting a return on capital) on Disqualified Stock of the Company issued pursuant to and in compliance with Section 4.04; 
 (e) permit a Restricted Subsidiary that is not a Wholly Owned Subsidiary to pay dividends to shareholders of that Restricted Subsidiary that are not the parent of that Restricted Subsidiary, so long as
the Company or a Restricted Subsidiary that is the parent of that Restricted Subsidiary receives dividends on a pro rata basis or on a basis that results in the receipt by the Company or a Restricted Subsidiary that is the parent of that Restricted
Subsidiary of dividends or distributions of greater value than it would receive on a pro rata basis; 

  
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 (f) make cash payments in lieu of fractional shares in connection with the
exercise of warrants, options or other securities convertible into Capital Stock of the Company; provided, however, that such repurchases shall be excluded in the calculation of the amount of Restricted Payments; 

(g) make repurchases of shares of common stock of the Company deemed to occur upon the exercise of options to purchase
shares of common stock of the Company if such shares of common stock of the Company represent a portion of the exercise price of such options; provided, however, that such repurchases shall be excluded in the calculation of the amount
of Restricted Payments; 
 (h) pay dividends on the common stock of the Company following the first Equity
Offering of the Company after the Issue Date in an annual amount not to exceed 6% of the net cash proceeds received by the Company in such Equity Offering; provided, however, that such dividends shall be included in the calculation of
the amount of Restricted Payments; 
 (i) repurchase shares of, or options to purchase shares of, common stock of
the Company from current or former officers, directors or employees of the Company or any of its Subsidiaries (or permitted transferees of such current or former officers, directors or employees), pursuant to the terms of agreements (including
employment agreements) or plans approved by the Board of Directors under which such individuals acquire shares of such common stock; provided, however, that the aggregate amount of such repurchases shall not exceed $25.0 million in any
calendar year (with unused amounts in any calendar year carried over to succeeding calendar years subject to a maximum of $50.0 million in any calendar year); and provided further, however, that such repurchases shall be
excluded in the calculation of the amount of Restricted Payments; 
 (j) purchase, defease or otherwise acquire
or retire for value any Subordinated Obligations upon a Change of Control of the Company or an Asset Sale by the Company, to the extent required by any agreement pursuant to which such Subordinated Obligations were issued, but only if the Company
has previously made the offer to purchase notes required under Section 4.12 or Section 4.07; provided, however, that such payments shall be included in the calculation of the amount of Restricted Payments; and 

(k) make other Restricted Payments not to exceed $75.0 million in the aggregate. 

SECTION 4.06. Limitation on Liens. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, Incur or suffer to exist, any Lien (other than Permitted Liens) upon any of its Property (including Capital Stock of a Restricted Subsidiary), whether owned at the Issue Date or thereafter acquired, or any interest therein or any income
or profits therefrom, unless it has made or will make effective provision whereby the Notes will be secured by that Lien equally and ratably with (or prior to) all other Debt of the Company or any Restricted Subsidiary secured by that Lien.

 SECTION 4.07. Limitation on Asset Sales. 
 (a) The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, consummate any Asset Sale unless: 

(i) the Company or the Restricted Subsidiary receives consideration at the time of the Asset Sale at least equal to the
Fair Market Value of the Property subject to such Asset Sale; 
 (ii) at least 75% of the consideration paid to
the Company or the Restricted Subsidiary in connection with such Asset Sale is in the form of cash or cash equivalents or the assumption by the purchaser of liabilities of the Company or any Restricted Subsidiary (other than liabilities that are by
their terms subordinated to the Notes) as a result of which the Company and the Restricted Subsidiaries are no longer obligated with respect to such liabilities; and 

  
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 (iii) the Company delivers an Officers’ Certificate to the Trustee
certifying that such Asset Sale complies with the foregoing clauses (i) and (ii). 
 For the purposes of this
Section 4.07: 
 (1) in the case of a transaction involving a sale of any distribution center by the Company
or a Restricted Subsidiary and the establishment of an outsourcing arrangement in which the purchaser assumes distribution responsibilities on behalf of the Company or the Restricted Subsidiary, any credits or other consideration the purchaser
grants to the Company or the Restricted Subsidiary as part of the purchase price of the distribution center, which credits or other consideration effectively offset future payments due from the Company or the Restricted Subsidiary to the purchaser
as part of the outsourcing arrangement, will be considered to be cash equivalents; 
 (2) securities or other
assets received by the Company or any Restricted Subsidiary from the transferee that are converted by the Company or such Restricted Subsidiary into cash within 180 days shall be considered to be cash to the extent of the cash received in that
conversion; 
 (3) any cash consideration paid to the Company or the Restricted Subsidiary in connection with the
Asset Sale that is held in escrow or on deposit to support indemnification, adjustment of purchase price or similar obligations in respect of such Asset Sale shall be considered to be cash; 

(4) Productive Assets received by the Company or any Restricted Subsidiary in connection with the Asset Sale shall be
considered to be cash; and 
 (5) the requirement that at least 75% of the consideration paid to the Company or
the Restricted Subsidiary in connection with the Asset Sale be in the form of cash or cash equivalents shall also be considered satisfied if the cash received constitutes at least 75% of the consideration received by the Company or the Restricted
Subsidiary in connection with such Asset Sale, determined on an after-tax basis. 
 (b) The Net Available Cash (or any portion
thereof) from Asset Sales may be applied by the Company or a Restricted Subsidiary, to the extent the Company or such Restricted Subsidiary elects (or is required by the terms of any Debt): 

(i) to Repay Debt of the Company (excluding, in any such case, any Debt that (A) constitutes a Subordinated
Obligation or (B) is owed to the Company or an Affiliate of the Company); or 
 (ii) to reinvest in
Additional Assets (including by means of an Investment in Additional Assets by a Restricted Subsidiary with Net Available Cash received by the Company or another Restricted Subsidiary), provided, however, that the Net Available Cash
(or any portion thereof) from Asset Sales from the Company to any Subsidiary must be reinvested in Additional Assets of the Company. 
 (c) Any Net Available Cash from an Asset Sale not applied in accordance with the preceding paragraph within 360 days from the date of the receipt of such Net Available Cash or that the Company earlier
elects to so designate shall constitute “Excess Proceeds.” 
 When the aggregate amount of Excess Proceeds not
previously subject to a Prepayment Offer (as defined below) exceeds $50.0 million (taking into account income earned on those Excess Proceeds, if any), the Company will be required to make an offer to purchase (the “Prepayment Offer”) the
Notes, which offer shall be in the amount of the Allocable Excess Proceeds, on a pro rata basis according to principal amount, at a purchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the
purchase date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), in accordance with the procedures (including prorating in the event of oversubscription) set forth
in this Indenture. To the extent that any portion of the amount of Net Available Cash remains after compliance with the preceding sentence and provided that all Holders of Notes have been given the opportunity to tender their Notes for
purchase in accordance with this Indenture, the Company or such Restricted Subsidiary may use the remaining amount for any purpose permitted by this Indenture and the amount of Excess Proceeds will be reset to zero. 

  
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 The term “Allocable Excess Proceeds” will mean the product of: 

(a) the Excess Proceeds, and 
 (b) a fraction, 
 (1) the numerator of which is the aggregate
principal amount of the Notes outstanding on the date of the Prepayment Offer, and 
 (2) the denominator of
which is the sum of the aggregate principal amount of the Notes outstanding on the date of the Prepayment Offer and the aggregate principal amount of other Debt of the Company outstanding on the date of the Prepayment Offer that is pari
passu in right of payment with the Notes and subject to terms and conditions in respect of Asset Sales similar in all material respects to the covenant described hereunder and requiring the Company to make an offer to purchase such Debt at
substantially the same time as the Prepayment Offer. 
 (d)(1) Not later than five Business Days after the Company is obligated
to make a Prepayment Offer as described in the preceding paragraph, the Company shall send a written notice, by first-class mail (or electronic transmission in the case of Notes held in book entry form), to the Holders of Notes, accompanied by
information regarding the Company and its Subsidiaries as the Company in good faith believes will enable the Holders to make an informed decision with respect to that Prepayment Offer. The notice shall state, among other things, the purchase price
and the purchase date, which shall be, subject to any contrary requirements of applicable law, a Business Day no earlier than 30 days nor later than 60 days from the date the notice is mailed. 

(2) Not later than the date upon which written notice of a Prepayment Offer is delivered to the Trustee as provided above, the Company
shall deliver to the Trustee an Officers’ Certificate as to (i) the amount of the Prepayment Offer (the “Offer Amount”), (ii) the allocation of the Net Available Cash from the Asset Sales pursuant to which such Prepayment
Offer is being made and (iii) the compliance of such allocation with the provisions of clause (c) of this section 4.07. On or before the purchase date, the Company shall also irrevocably deposit with the Trustee or with the Paying Agent
(or, if the Company or a Wholly Owned Subsidiary is the Paying Agent, shall segregate and hold in trust) in Temporary Cash Investments (other than in those enumerated in clause (b) of the definition of Temporary Cash Investments), maturing on
the last day prior to the purchase date or on the purchase date if funds are immediately available by open of business, an amount equal to the Offer Amount to be held for payment in accordance with the provisions of this Section. Upon the expiration
of the period for which the Prepayment Offer remains open (the “Offer Period”), the Company shall deliver to the Trustee for cancellation the Notes or portions thereof that have been properly tendered to and are to be accepted by the
Company. The Trustee or the Paying Agent shall, on the purchase date, mail or deliver payment to each tendering Holder in the amount of the purchase price. In the event that the aggregate purchase price of the Notes delivered by the Company to the
Trustee is less than the Offer Amount, the Trustee or the Paying Agent shall deliver the excess to the Company immediately after the expiration of the Offer Period for application in accordance with this Section. 

(3) Holders electing to have a Note purchased shall be required to surrender the Note, with an appropriate form duly completed, to the
Company or its agent at the address specified in the notice at least three Business Days prior to the purchase date. Holders shall be entitled to withdraw their election if the Trustee or the Company receives not later than one Business Day prior to
the purchase date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note that was delivered for purchase by the Holder and a statement that such Holder is withdrawing its election
to have such Note purchased. If at the expiration of the Offer Period the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Company shall select the Notes to be purchased on a pro rata basis for all Notes,
(with such adjustments as may be deemed appropriate by the Company so that only Notes in denominations of $2,000, or integral multiples of $1,000 thereafter, shall be purchased). Holders whose Notes are purchased only in part shall be issued new
Notes equal in principal amount to the unpurchased portion of the Notes surrendered. 

  
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 (4) At the time the Company delivers Notes to the Trustee that are to be accepted for
purchase, the Company shall also deliver an Officers’ Certificate stating that such Notes are to be accepted by the Company pursuant to and in accordance with the terms of this Section. A Note shall be deemed to have been accepted for purchase
at the time the Trustee or the applicable Paying Agent mails or delivers payment therefor to the surrendering Holder. 
 (e) The
Company will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this Section. To the extent that the
provisions of any securities laws or regulations conflict with provisions of this Section, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section by
virtue thereof. 
 SECTION 4.08. Limitation on Restrictions on Distributions from Restricted Subsidiaries. The Company
shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist any consensual restriction on the right of any Restricted Subsidiary to: 

(a) pay dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock, or pay any Debt or other
obligation owed, to the Company or any other Restricted Subsidiary, 
 (b) make any loans or advances to the Company or any
other Restricted Subsidiary, or 
 (c) transfer any of its Property to the Company or any other Restricted Subsidiary.

 The foregoing limitations will not apply: 

(1) with respect to clauses (a), (b) and (c), to restrictions: 

(A) in effect on the Issue Date, 
 (B) relating to Debt of a Restricted Subsidiary and existing at the time it became a Restricted Subsidiary if such restriction was not created in connection with or in anticipation of the transaction or
series of transactions pursuant to which that Restricted Subsidiary became a Restricted Subsidiary or was acquired by the Company, 
 (C) that result from the Refinancing of Debt Incurred pursuant to an agreement referred to in clause (1)(A) or (B) above or in clause (2)(A) or (B) below, provided that
restriction is no less favorable to the Holders of Notes than those under the agreement evidencing the Debt so Refinanced, 
 (D) resulting from the Incurrence of any Permitted Debt described in clause (b) of the second paragraph of Section 4.04, provided that the restriction is no less favorable to the Holders
of Notes than the restrictions of the same type contained in this Indenture, or 
 (E) constituting Standard
Securitization Undertakings relating solely to, and restricting only the rights of, a Receivables Entity in connection with a Qualified Receivables Transaction, and 

(2) with respect to clause (c) only, to restrictions: 

(A) relating to Debt that is permitted to be Incurred and secured without also securing the Notes pursuant to
Section 4.04 and Section 4.06 that limit the right of the debtor to dispose of the Property securing that Debt, 

  
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 (B) encumbering Property at the time the Property was acquired by the
Company or any Restricted Subsidiary, so long as the restriction relates solely to the Property so acquired and was not created in connection with or in anticipation of the acquisition, 

(C) resulting from customary provisions restricting subletting or assignment of leases or customary provisions in other
agreements (including, without limitation, intellectual property licenses entered into in the ordinary course of business) that restrict assignment of the agreements or rights thereunder, or 

(D) which are customary restrictions contained in asset sale agreements limiting the transfer of Property pending the
closing of the sale. 
 SECTION 4.09. Limitation on Transactions with Affiliates. The Company shall not, and shall not
permit any Restricted Subsidiary to, directly or indirectly, conduct any business or enter into or suffer to exist any transaction or series of transactions (including the purchase, sale, transfer, assignment, lease, conveyance or exchange of any
Property or the rendering of any service) with, or for the benefit of, any Affiliate of the Company (an “Affiliate Transaction”), unless: 
 (a) the terms of such Affiliate Transaction are: 
 (1) set forth in
writing, and 
 (2) no less favorable to the Company or that Restricted Subsidiary, as the case may be, than
those that could be obtained in a comparable arm’s-length transaction with a Person that is not an Affiliate of the Company, and 
 (b) if the Affiliate Transaction involves aggregate payments or value in excess of $25.0 million, the Board of Directors (including a majority of the disinterested members of the Board of Directors)
approves the Affiliate Transaction and, in its good faith judgment, believes that the Affiliate Transaction complies with clauses (a)(1) and (2) of this paragraph as evidenced by a Board Resolution promptly delivered to the Trustee. 

Notwithstanding the foregoing limitation, the Company or any Restricted Subsidiary may enter into or suffer to exist the following:

 (a) any transaction or series of transactions between the Company and one or more Restricted Subsidiaries or
between two or more Restricted Subsidiaries in the ordinary course of business, provided that no more than 5% of the total voting power of the Voting Stock (on a fully diluted basis) of any such Restricted Subsidiary is owned by an Affiliate
of the Company (other than a Restricted Subsidiary); 
 (b) any Restricted Payment permitted to be made pursuant
to Section 4.05 or any Permitted Investment; 
 (c) the payment of compensation (including amounts paid
pursuant to employee benefit plans) for the personal services of officers, directors and employees of the Company or any of the Restricted Subsidiaries, so long as, in the case of executive officers and directors, the Board of Directors in good
faith shall have approved the terms thereof and deemed the services theretofore or thereafter to be performed for the compensation to be fair consideration therefor; 

(d) loans and advances to employees made in the ordinary course of business in compliance with applicable laws and
consistent with the past practices of the Company or that Restricted Subsidiary, as the case may be, provided that those loans and advances do not exceed $20.0 million in the aggregate at any one time outstanding; 

  
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 (e) any transaction effected as part of a Qualified Receivables Transaction
or any transaction involving the transfer of accounts receivable of the type specified in the definition of “Credit Facility” and permitted under clause (b) of the second paragraph of Section 4.04; 

(f) the Existing Policies or any transaction contemplated thereby; and 

(g) any sale of shares of Capital Stock (other than Disqualified Stock) of the Company. 

SECTION 4.10. Designation of Restricted and Unrestricted Subsidiaries. The Board of Directors may designate any Subsidiary of the
Company to be an Unrestricted Subsidiary if: 
 (a) the Subsidiary to be so designated does not own any Capital
Stock or Debt of, or own or hold any Lien on any Property of, the Company or any other Restricted Subsidiary, and 
 (b) any of the following: 
 (1) the Subsidiary to be so designated
has total assets of $1,000 or less, 
 (2) if the Subsidiary has consolidated assets greater than $1,000, then
the designation would be permitted under Section 4.05, or 
 (3) the designation is effective immediately
upon the entity becoming a Subsidiary of the Company. 
 Unless so designated as an Unrestricted Subsidiary, any Person that becomes a
Subsidiary of the Company will be classified as a Restricted Subsidiary; provided, however, that the Subsidiary shall not be designated a Restricted Subsidiary and shall be automatically classified as an Unrestricted Subsidiary if
either of the requirements set forth in clauses (x) and (y) of the second immediately following paragraph will not be satisfied after giving pro forma effect to the classification or if the Person is a Subsidiary of an Unrestricted
Subsidiary. 
 Except as provided in the first sentence of the preceding paragraph, no Restricted Subsidiary may be redesignated
as an Unrestricted Subsidiary. In addition, neither the Company nor any Restricted Subsidiary shall at any time be directly or indirectly liable for any Debt that provides that the holder thereof may (with the passage of time or notice or both)
declare a default thereon or cause the payment thereof to be accelerated or payable prior to its Stated Maturity upon the occurrence of a default with respect to any Debt, Lien or other obligation of any Unrestricted Subsidiary in existence and
classified as an Unrestricted Subsidiary at the time the Company or the Restricted Subsidiary is liable for that Debt (including any right to take enforcement action against that Unrestricted Subsidiary). 

The Board of Directors may designate any Unrestricted Subsidiary to be a Restricted Subsidiary if, immediately after giving pro forma
effect to the designation, 
 (x) the Company could Incur at least $1.00 of additional Debt pursuant to clause
(1) of the first paragraph of Section 4.04, and 
 (y) no Default or Event of Default shall have
occurred and be continuing or would result therefrom. 
 Any designation or redesignation of this kind by the Board of Directors
will be evidenced to the Trustee by filing with the Trustee a Board Resolution giving effect to the designation or redesignation and an Officers’ Certificate that: 

(a) certifies that the designation or redesignation complies with the foregoing provisions, and 

  
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 (b) gives the effective date of the designation or redesignation, and the
filing with the Trustee to occur within 45 days after the end of the fiscal quarter of the Company in which the designation or redesignation is made (or, in the case of a designation or redesignation made during the last fiscal quarter of the
Company’s fiscal year, within 90 days after the end of that fiscal year). 
 SECTION 4.11. Limitation on Sale and
Leaseback Transactions. The Company shall not, and shall not permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction with respect to any Property unless: 

(a) the Company or that Restricted Subsidiary would be entitled to: 

(1) Incur Debt in an amount equal to the Attributable Debt with respect to that Sale and Leaseback Transaction pursuant to
Section 4.04, and 
 (2) create a Lien on the Property securing that Attributable Debt without also securing
the Notes pursuant to Section 4.06, and 
 (b) the Sale and Leaseback Transaction is effected in compliance
with Section 4.07. 
 SECTION 4.12. Change of Control. 

(a) Upon the occurrence of a Change of Control, each Holder of Notes shall have the right to require the Company to repurchase all or any
part of such Holder’s Notes pursuant to the offer described below (the “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) equal to 101.0% of the principal amount thereof, plus accrued and
unpaid interest, if any, to the purchase date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date). 

(b) Within 30 days following any Change of Control, the Company shall (i) cause a notice of the Change of Control Offer to be sent
at least once to the Dow Jones News Service or similar business news service in the United States and (ii) send, by first-class mail (or electronic transmission in the case of Notes held in book entry form), with a copy to the Trustee, to each
Holder of Notes, at such Holder’s address appearing in the Note Register, a notice stating: (A) that a Change of Control Offer is being made pursuant to this Section 4.12 and that all Notes timely tendered will be accepted for
payment; (B) the Change of Control Purchase Price and the purchase date, which shall be, subject to any contrary requirements of applicable law, a Business Day no earlier than 30 days nor later than 60 days from the date such notice is mailed
(the “Change of Control Payment Date”); (C) the circumstances and relevant facts regarding the Change of Control (including information with respect to pro forma historical income, cash flow and capitalization after giving effect to
the Change of Control); and (D) the procedures that Holders of Notes must follow in order to tender their Notes (or portions thereof) for payment and the procedures that Holders of Notes must follow in order to withdraw an election to tender
Notes (or portions thereof) for payment. 
 (c) Holders electing to have a Note purchased shall be required to surrender the
Note, with an appropriate form duly completed, to the Company or its agent at the address specified in the notice at least three Business Days prior to the Change of Control Payment Date. Holders shall be entitled to withdraw their election if the
Trustee or the Company receives not later than one Business Day prior to the Change of Control Payment Date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note that was delivered for purchase by
the Holder and a statement that such Holder is withdrawing its election to have such Note purchased. 
 (d) Prior to the Change
of Control Payment Date, the Company shall irrevocably deposit with either the Trustee or with the Paying Agent (or, if the Company or any of its Wholly Owned Subsidiaries is acting as the Paying Agent, segregate and hold in trust) in cash an amount
equal to the Change of Control Purchase Price payable to the Holders entitled thereto, to be held for payment in accordance with the provisions of this Section. On the Change of Control Payment Date, the Company shall deliver to the Trustee the
Notes or portions thereof that have been properly tendered to and are to be accepted by the Company for payment. The Trustee or the Paying Agent shall, on the Change of Control Payment Date, mail or deliver payment to each tendering Holder of the
Change of Control Purchase Price. In the event that the aggregate Change of Control Purchase Price is less than the amount delivered by the Company to the Trustee or the Paying Agent, the Trustee or the Paying Agent, as the case may be, shall
deliver the excess to the Company immediately after the Change of Control Payment Date. 

  
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 (e) The Company will not be required to make a Change of Control Offer following a Change
of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases all
Notes validly tendered and not withdrawn under such Change of Control Offer. 
 (f) The Company will comply, to the extent
applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the purchase of Notes pursuant to this Section. To the extent that the provisions of any securities laws or
regulations conflict with the provisions of this Section, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section by virtue thereof. 

SECTION 4.13. Further Instruments and Acts. Upon request of the Trustee, the Company shall execute and deliver such further instruments
and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

SECTION 4.14. Future Subsidiary Guarantors. The Company may, at any time after the Issue Date, cause one or more of its Restricted
Subsidiaries to Guarantee the Notes. Upon any Guarantee of the notes by a Future Guarantor, such Future Guarantor will execute and deliver to the Trustee a supplemental indenture pursuant to which such Future Guarantor shall Guarantee payment of the
Notes. 
 ARTICLE V  
 Successor Company 
 SECTION 5.01. When Company May Merge or Transfer
Assets. The Company shall not merge, consolidate or amalgamate with or into any other Person (other than a merger of a Wholly Owned Restricted Subsidiary into the Company) or sell, transfer, assign, lease, convey or otherwise dispose of all or
substantially all its Property in any one transaction or series of transactions unless: 
 (a) the Company shall
be the surviving Person (the “Surviving Person”) or the Surviving Person (if other than the Company) formed by that merger, consolidation or amalgamation or to which that sale, transfer, assignment, lease, conveyance or disposition is made
shall be a corporation organized and existing under the laws of the United States of America, any State thereof or the District of Columbia; 
 (b) the Surviving Person (if other than the Company) expressly assumes, by supplemental indenture in form satisfactory to the Trustee, executed and delivered to the Trustee by that Surviving Person, the
due and punctual payment of the principal of, and premium, if any, and interest on, all the Notes, according to their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture to be performed by
the Company; 
 (c) in the case of a sale, transfer, assignment, lease, conveyance or other disposition of all or
substantially all the Property of the Company, that Property shall have been transferred as an entirety or virtually as an entirety to one Person; 
 (d) immediately before and after giving effect to that transaction or series of transactions on a pro forma basis (and treating, for purposes of this clause (d) and clause (e) below, any Debt
that becomes, or is anticipated to become, an obligation of the Surviving Person or any Restricted Subsidiary as a result of that transaction or series of transactions as having been Incurred by the Surviving Person or the Restricted Subsidiary at
the time of that transaction or series of transactions), no Default or Event of Default shall have occurred and be continuing; 

  
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 (e) immediately after giving effect to that transaction or series of
transactions on a pro forma basis, the Company or the Surviving Person, as the case may be, (i) would be able to Incur at least $1.00 of additional Debt under clause (1) of the first paragraph of Section 4.04, or (ii) the
Consolidated Fixed Charges Coverage Ratio would be greater than such ratio immediately prior to such transaction, provided, however, that this clause (e) shall not be applicable to the Company merging, consolidating or
amalgamating with or into an Affiliate incorporated solely for the purpose of reincorporating the Company in another State of the United States so long as the amount of Debt of the Company and the Restricted Subsidiaries is not increased thereby;

 (f) the Company shall deliver, or cause to be delivered, to the Trustee, in form and substance reasonably
satisfactory to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that the transaction and the supplemental indenture, if any, in respect thereto comply with this Section and that all conditions precedent herein
provided for relating to the transaction and the execution and delivery of a supplemental indenture, as applicable, have been satisfied; and 
 (g) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders will not recognize income, gain or loss for Federal income tax purposes as a result of the
transaction and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if that transaction had not occurred. 

The Surviving Person shall succeed to, and be substituted for, and may exercise every right and power of the Company under this
Indenture, but the predecessor Company in the case of: 
 (a) a sale, transfer, assignment, conveyance or other
disposition (unless that sale, transfer, assignment, conveyance or other disposition is of all the assets of the Company as an entirety or virtually as an entirety), or 

(b) a lease, 

shall not be released from any obligation to pay the principal of, premium, if any, and interest on, the Notes. 

ARTICLE VI  
 Defaults and Remedies 
 SECTION 6.01. Events of Default. The
following events shall be “Events of Default”: 
 (1) the Company defaults in any payment of interest
on any Note when the same becomes due and payable, and such default continues for a period of 30 days; 
 (2) the
Company defaults in the payment of the principal of, or premium, if any, on any Note when the same becomes due and payable at its Stated Maturity, upon acceleration, redemption, optional redemption, required repurchase or otherwise; 

(3) the Company fails to comply with Article V; 

(4) the Company fails to comply with any other covenant or agreement in the Notes or in this Indenture (other than a
failure that is the subject of the foregoing clause (1), (2) or (3)) and such failure continues for 30 days after written notice is given to the Company as specified below; 

(5) a default under any Debt by the Company or any Restricted Subsidiary that results in acceleration of the maturity of
that Debt, or failure to pay any Debt at maturity, in an aggregate amount greater than $50.0 million or its foreign currency equivalent at the time; 

  
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 (6) the Company or any Significant Subsidiary pursuant to or within the
meaning of any Bankruptcy Law: 
 (A) commences a voluntary case; 

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

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

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

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

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

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

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

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

(D) grants any similar relief under any foreign laws; and in each such case the order or decree remains unstayed and in
effect for 30 days; or 
 (8) any judgment or judgments for the payment of money in an aggregate amount in excess
of $50.0 million (or its foreign currency equivalent at the time) that shall be rendered against the Company or any Restricted Subsidiary and that shall not be waived, satisfied or discharged for any period of 30 consecutive days during which a stay
of enforcement shall not be in effect. 
 The foregoing will constitute Events of Default whatever the reason for any such Event
of Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors.
The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 
 A Default under clause (4) is not an Event of Default until the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding notify the Company (and in the case
of such notice by Holders, the Trustee) of the Default and the Company does not cure that Default within the time specified after receipt of such notice. The notice must specify the Default, demand that it be remedied and state that such notice is a
“Notice of Default”. 
 The Company shall deliver to the Trustee, within 30 days after the occurrence thereof, written
notice in the form of an Officers’ Certificate of any Event of Default and any event that with the giving of notice or the lapse of time would become an Event of Default, its status and what action the Company is taking or proposes to take with
respect thereto. 
 SECTION 6.02. Acceleration. If an Event of Default with respect to the Notes (other than an Event of
Default specified in Section 6.01(6) or (7) with respect to the Company) shall have occurred and be continuing, the 

  
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Trustee or the registered Holders of not less than 25% in aggregate principal amount of Notes then outstanding may, by notice to the Company and the Trustee, declare to be immediately due and
payable the principal amount of all the applicable Notes then outstanding, plus accrued but unpaid interest to the date of acceleration. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of
Default specified in Section 6.01(6) or (7) with respect to the Company occurs, the principal of and accrued and unpaid interest on all the Notes shall be due and payable immediately without any declaration or other act by the Trustee or
the Holder of the Notes. After any such acceleration but before a judgment or decree based on acceleration is obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Notes by notice to the Trustee and the
Company may rescind any declaration of acceleration if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal, premium, or interest that has become
due solely because of the acceleration. No such rescission shall affect any subsequent Default or impair any right consequent thereto. 
 SECTION 6.03. Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of, or premium, if any, or interest
on, the Notes or to enforce the performance of any provision of the 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. 
 SECTION 6.04. Waiver of Past Defaults. The Holders of a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may waive an existing Default and its
consequences except (i) a Default in the payment of the principal of or interest on a Note or (ii) a Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each Noteholder affected. When a
Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or impair any consequent right. 
 SECTION 6.05. 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 any
remedy available to the Trustee or of exercising any trust or power conferred on the Trustee with respect to the Notes. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines
is unduly prejudicial to the rights of other Noteholders or would involve the Trustee in personal liability; provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such
direction. Subject to Section 7.01, in case an Event of Default shall occur and be continuing, the Trustee shall be under no obligation to exercise any of its rights or powers hereunder at the request or direction of any of the Holders, unless
the Holders shall have offered to the Trustee indemnity reasonably satisfactory to it. 
 SECTION 6.06. Limitation on
Suits. A Noteholder may not pursue any remedy with respect to this Indenture or the Notes unless: 
 (1) such
Holder shall have previously given to the Trustee written notice of a continuing Event of Default; 
 (2) the
Holders of at least 25% in aggregate principal amount of the Notes then outstanding shall have made a written request, and such Holder or Holders shall have offered security or indemnity, to the Trustee reasonably satisfactory to it to pursue such
proceeding as trustee; and 
 (3) the Trustee has failed to institute such proceeding and has not received from
the Holders of at least a majority in aggregate principal amount of the Notes outstanding a direction inconsistent with such request, within 60 days after such notice, request and offer. 

The foregoing limitations on the pursuit of remedies by a Noteholder shall not apply to a suit instituted by a Holder of Notes for the
enforcement of payment of the principal of, and premium, if any, or interest on such Note on or after the applicable due date specified in such Note. A Noteholder may not use this Indenture to prejudice the

  
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rights of another Noteholder or to obtain a preference or priority over another Noteholder (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such
actions or forbearances are unduly prejudicial to such Holders). 
 SECTION 6.07. Rights of Holders to Receive Payment.
Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of and interest on the Notes held by such Holder, on or after the respective due dates expressed in the Notes, or to bring suit for the
enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 
 SECTION 6.08. Collection Suit by Trustee. If an Event of Default specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own name and as
trustee of an express trust against the Company for the whole amount then due and owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in this Indenture. 

SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee and the Noteholders allowed in any judicial proceedings relative to the Company, its creditors or its property and, unless prohibited by law or applicable regulations, may vote on
behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event
that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for such compensation as agreed upon in writing by the parties hereto, expenses, disbursements and advances of the
Trustee, its agents and its counsel, and any other amounts due the Trustee under this Indenture, or in connection with the transactions contemplated hereunder. 
 SECTION 6.10. Priorities. If the Trustee collects any money or property pursuant to this Article 6, it shall pay out the money or property in the following order: 

FIRST: to the Trustee for amounts due under this Indenture; 

SECOND: to Noteholders 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 the Notes for principal and interest, respectively; and 
 THIRD: to the Company. 
 The Trustee may fix a record date and payment date for
any payment to Noteholders pursuant to this Section. At least 15 days before such record date, the Company shall mail to each Noteholder and the Trustee a notice that states the record date, the payment date and amount to be paid. 

SECTION 6.11. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a
suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in aggregate principal amount of the Notes. 
 SECTION 6.12. Waiver of Stay or Extension Laws. The Company (to the extent it may lawfully do so) shall not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit
or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly
waives all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted.

  
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 ARTICLE VII  
 Trustee 
 SECTION 7.01. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture
and use the same degree of care and skill in its exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 
 (b) Except during the continuance of an Event of Default: 
 (1) the
Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no implied duties, covenants or obligations shall be read into this Indenture against the Trustee; and 

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

(1) this paragraph does not limit the effect of paragraph (b) of this Section; 

(2) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer unless it is proved
that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee shall not be liable
with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to the terms of this Indenture. 
 (d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section. 

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

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

 (g) No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur financial
liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers. 
 (h) Every
provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section and to the provisions of the TIA and the provisions of this Article VII shall
apply to the Trustee in its role as Registrar, Paying Agent and Note Custodian. 
 (i) The Trustee shall not be deemed to have
notice of a Default or an Event of Default unless (a) the Trustee has received written notice thereof from the Company or any Holder or (b) a Trust Officer shall have actual knowledge thereof. 

  
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 SECTION 7.02. Rights of Trustee. 

(a) The Trustee may conclusively rely on any document (whether in its original or facsimile form) believed by it to be genuine and to have
been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. The Trustee may, however, in its discretion make such further inquiry or investigation into such facts or matters as it may
see fit and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the expense of the Company and shall
incur no liability or additional liability of any kind by reason of such inquiry or investigation. 
 (b) Before the Trustee
acts or refrains from acting, it shall receive an Officers’ Certificate and an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion
of Counsel. 
 (c) The Trustee may act through 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 that it
believes to be authorized or within its rights or powers; provided, however, that the Trustee’s conduct does not constitute willful misconduct or negligence. 

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

 (f) The permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty unless so
specified herein. 
 (g) 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 reasonably satisfactory to the Trustee against the costs, expenses and liabilities
which might be incurred by the Trustee in compliance with such request or direction. 
 (h) The Trustee may employ or retain
accountants, appraisers or other experts or advisers as it may reasonably require for the purpose of determining and discharging its rights and duties hereunder and shall not be responsible for any misconduct on the part of any of them. 

(i) In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(j) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Trust Officer has actual knowledge thereof
or unless written notice of any event which is in fact such a default is received by the Trustee (in accordance with the notice provisions of this Indenture) and such notice references the Notes and this Indenture. 

(k) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(l) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder.

  
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 (m) The Trustee may request that the Company deliver a certificate setting forth the names
of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture. 
 The
provisions of this Section 7.02 shall survive satisfaction and discharge or the termination, for any reason, of this Indenture and the resignation and/or removal of the Trustee. 

SECTION 7.03. 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 its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-registrar may do the same with like rights. However, the Trustee must comply with Sections
7.10 and 7.11. 
 SECTION 7.04. Trustee’s Disclaimer. The Trustee shall not be responsible for and makes no
representation as to the validity, priority 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 of the Company in this
Indenture or in any other document other than the certificate of authentication executed by the Trustee. 
 SECTION 7.05.
Notice of Defaults. If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to each Noteholder notice of the Default or Event of Default within 90 days after it is known to a Trust
Officer or written notice of it is received by the Trustee. Except in the case of a Default or Event of Default in payment of principal of or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Trust
Officers in good faith determines that withholding the notice is in the interests of Noteholders. 
 SECTION 7.06. Reports by
Trustee to Holders. As promptly as practicable after each December 31 beginning with December 31, 2012, and in any event prior to February 28 in each year, the Trustee shall mail to each Noteholder a brief report dated as of
December 31 each year that complies with TIA § 313(a), if and to the extent required by such subsection. The Trustee shall also comply with TIA § 313(b). 
 A copy of each report at the time of its mailing to Noteholders shall be filed with the SEC and each stock exchange (if any) on which the Notes are listed. The Company agrees to notify promptly the
Trustee whenever the Notes become listed on any stock exchange and of any delisting thereof. 
 SECTION 7.07. Compensation
and Indemnity. The Company shall pay to the Trustee from time to time such compensation for its services as agreed upon in writing by the parties hereto. The Trustee’s compensation shall not be limited by any law on compensation of a
trustee of an express trust. The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall
include the reasonable compensation and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Company shall indemnify the Trustee against any and all loss, liability or expense (including reasonable
attorneys’ fees) incurred by it in connection with the performance of its duties hereunder and under the Agency Agreement and/or the transactions contemplated under this Indenture or the Agency Agreement and the Trustee shall have no liability
or responsibility for any action or inaction on the part of any Paying Agent, Registrar, Authentication Agent or any successor trustee. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the
Trustee to so notify the Company shall not relieve the Company of its obligations hereunder except to the extent that the Company shall have been actually prejudiced as a result of such failure. The Company shall defend the claim and the Trustee may
have separate counsel and the Company shall pay the fees and expenses of such counsel. The Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful
misconduct or negligence. The Company need not pay for any settlement made by the Trustee without the Company’s consent, such consent not to be unreasonably withheld. All indemnifications and releases from liability granted hereunder to the
Trustee shall extend to its officers, directors, employees, agents, successors and assigns. 
 To secure the Company’s
payment obligations in this Section, the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular Notes.

  
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 The Company’s payment obligations pursuant to this Section shall survive the
resignation or removal of the Trustee and the discharge of this Indenture. When the Trustee incurs expenses after the occurrence of a Default specified in Section 6.01(6) or (7) with respect to the Company, the expenses are intended to
constitute expenses of administration under the Bankruptcy Law. 
 SECTION 7.08. Replacement of Trustee. The Trustee may
resign at any time 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 and may appoint a successor Trustee. The Company shall remove
the Trustee if: 
 (1) the Trustee fails to comply with Section 7.10; 

(2) the Trustee is adjudged bankrupt or insolvent; 

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

(4) the Trustee otherwise becomes incapable of acting. 

If the Trustee resigns, is removed by the Company or by the Holders of a majority in aggregate principal amount of the Notes then
outstanding and such Holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company shall
promptly appoint a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the
retiring Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor
Trustee shall mail a notice of its succession to Noteholders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.07. 

If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, at the
expense of the Company, or the Holders of 10% in aggregate principal amount of the Notes then outstanding may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee fails to comply with Section 7.10, any Noteholder who has been a bona fide Holder of a Note for at least six months
may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

Notwithstanding the replacement or resignation of the Trustee pursuant to this Section, the Company’s obligations under
Section 7.07 shall continue for the benefit of the Trustee and survive the termination of this Indenture. 
 SECTION 7.09.
Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or
transferee corporation or banking association without any further act shall be the successor Trustee. 
 In case at the time
such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt
the certificate of authentication of any predecessor trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any such successor to the Trustee may authenticate such Notes either
in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of
the Trustee shall have. 
 SECTION 7.10. Eligibility; Disqualification. The Trustee shall at all times satisfy the
requirements of TIA § 310(a). The Trustee shall have (or, in the case of a corporation included in a bank holding company system, 

  
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the related bank holding company shall have) a combined capital and surplus of at least $50,000,000 as set forth in its (or its related bank holding company’s) most recent published annual
report of condition. The Trustee shall comply with TIA § 310(b), subject to the penultimate paragraph thereof; provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures
under which other securities or certificates of interest or participation in other securities of the Company are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met. 

SECTION 7.11. Preferential Collection of Claims Against Company. The Trustee shall comply with TIA § 311(a), excluding any
creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated. 
 ARTICLE VIII  
 Discharge of Indenture; Defeasance 

SECTION 8.01. Discharge of Liability on Notes; Defeasance. 

(a) When (i) the Company delivers to the Trustee all outstanding Notes (other than Notes replaced pursuant to Section 2.07) for
cancellation or (ii) all outstanding Notes have become due and payable, whether at maturity or as a result of the mailing of a notice of redemption pursuant to Article III and the Company irrevocably deposits with the Trustee funds sufficient
to pay at maturity or upon redemption all outstanding Notes, including interest thereon to maturity or such redemption date (other than Notes replaced pursuant to Section 2.07), and if in either case the Company pays all other sums payable
hereunder by the Company, then this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee shall acknowledge satisfaction and discharge of this Indenture on written demand of the Company accompanied by an
Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Company. 
 (b) Subject to Sections
8.01(c) and 8.02, the Company at any time may terminate (i) all of its obligations under the Notes and this Indenture (“legal defeasance option”) or (ii) its obligations under Sections 4.04, 4.05, 4.06, 4.07, 4.08, 4.09, 4.10,
4.11, and 4.12 and the operation of Sections 6.01(5), 6.01(6), 6.01(7) and 6.01(8) (but, in the case of Sections 6.01(6) and (7), with respect only to Significant Subsidiaries) and the limitations contained in clause (e) of Section 5.01
(“covenant defeasance option”). The Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. 
 If the Company exercises its legal defeasance option, payment of the Notes may not be accelerated because of an Event of Default. If the Company exercises its covenant defeasance option, payment of the
Notes may not be accelerated because of an Event of Default specified in Sections 6.01(4) (with respect to the covenants of Article IV identified in the immediately preceding paragraph), 6.01(5), 6.01(6), 6.01(7) or 6.01(8) (with respect only to
Significant Subsidiaries in the case of Sections 6.01(6) and 6.01(7)) or because of the failure of the Company to comply with the limitations contained in clause (e) of Section 5.01. 

Upon satisfaction of the conditions set forth herein and upon request of the Company, accompanied by an Officers’ Certificate and an
Opinion of Counsel, each stating that all conditions precedent specified herein relating to the defeasance contemplated have been complied with, the Trustee shall acknowledge in writing the discharge of those obligations that the Company terminates.

 (c) Notwithstanding clauses (a) and (b) above, the Company’s obligations in Sections 2.04, 2.05, 2.06, 2.07,
7.07, 7.08, 8.05 and 8.06 shall survive until the Notes have been paid in full. Thereafter, the Company’s obligations in Sections 7.07 and 8.05 shall survive such satisfaction or discharge. 

SECTION 8.02. Conditions to Defeasance. The Company may exercise its legal defeasance option or its covenant defeasance option
only if: 

  
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 (1) the Company irrevocably deposits in trust with the Trustee money in U.S.
Dollars or U.S. Dollar denominated Government Obligations for the payment of principal of and interest (including premium, if any) on the Notes to maturity or redemption; 

(2) the Company delivers to the Trustee a certificate from a nationally recognized accounting firm expressing their
opinion that the payments of principal and interest when due and without reinvestment on the deposited Government Obligations plus any deposited money without investment will provide cash at such times and in such amounts as will be sufficient to
pay principal and interest (including premium, if any) when due on all the Notes to maturity or redemption, as the case may be; 
 (3) 123 days pass after the deposit is made and during the 123-day period no Default specified in Section 6.01(6) or (7) occurs with respect to the Company or any other Person making the deposit
that is continuing at the end of the period; 
 (4) no Default or Event of Default has occurred and is continuing
on the date of the deposit and after giving effect thereto; 
 (5) the deposit does not constitute a default
under any other agreement or instrument binding on the Company; 
 (6) the Company delivers to the Trustee an
Opinion of Counsel to the effect that the trust resulting from the deposit does not constitute, or is qualified as, a regulated investment company under the Investment Company Act of 1940; 

(7) in the case of the legal defeasance option, the Company shall have delivered to the Trustee an Opinion of Counsel
stating that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of this Indenture there has been a change in the applicable Federal income tax law, in either
case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Noteholders will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax
on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred; 
 (8) in the case of the covenant defeasance option, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Noteholders will not recognize income, gain or loss for
Federal income tax purposes as a result of such covenant defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; and

 (9) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent to the defeasance and discharge of the Notes as contemplated by this Article VIII have been complied with. 
 Before or after a deposit, the Company may make arrangements satisfactory to the Trustee for the redemption of Notes at a future date in accordance with Article III. 

SECTION 8.03. Application of Trust Money. The Trustee shall hold in trust money or Government Obligations deposited with it
pursuant to this Article VIII. It shall apply the deposited money and the money from Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Notes. 

SECTION 8.04. Repayment to Company. The Trustee and the Paying Agent shall promptly turn over to the Company upon written request
any excess money or securities held by them upon satisfaction of the conditions and occurrence of the events set forth in this Article VIII. 

  
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 Subject to any applicable abandoned property law, the Trustee and the 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, and, thereafter, Noteholders entitled to the money must look to the Company for payment as general creditors.

 SECTION 8.05. Indemnity for Government Obligations. The Company shall pay and shall indemnify the Trustee against any
tax, fee or other charge imposed on or assessed against deposited Government Obligations or the principal and interest received on such Government Obligations. 
 SECTION 8.06. Reinstatement. If the Trustee or Paying Agent is unable to apply any money or Government Obligations in accordance with this Article VIII by reason of any legal proceeding or by
reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Notes shall be revived and reinstated as though no
deposit had occurred pursuant to this Article VIII until such time as the Trustee or Paying Agent is permitted to apply all such money or Government Obligations in accordance with this Article VIII; provided, however, that, if the
Company has made any payment of interest on or principal of any Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government
Obligations held by the Trustee or Paying Agent. 
 ARTICLE IX 

Amendments 
 SECTION 9.01. Without Consent of Holders. The Company and the Trustee may amend this Indenture or the Notes without notice to or consent of any Noteholder: 

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

(2) to comply with Article V; 
 (3) to provide for uncertificated Notes in addition to or in place of certificated Notes; provided, however, that the uncertificated Notes are issued in registered form for purposes of
Section 163(f) of the Code or in a manner such that the uncertificated Notes are described in Section 163(f)(2)(B) of the Code; 
 (4) to add Guarantees with respect to the Notes; 
 (5) to secure
the Notes, to add to the covenants of the Company for the benefit of the Holders or to surrender any right or power herein conferred upon the Company; 
 (6) to comply with any requirements of the SEC in connection with qualifying, or maintaining the qualification of, this Indenture under the TIA; 

(7) to make any change that does not adversely affect the rights of any Noteholder; or 

(8) to provide for the issuance of additional Notes in accordance with this Indenture. 

After an amendment under this Section becomes effective, the Company shall mail to Noteholders a notice briefly describing such
amendment. The failure to give such notice to all Noteholders, or any defect therein, shall not impair or affect the validity of an amendment under this Section. 
 SECTION 9.02. With Consent of Holders. The Company and the Trustee may amend this Indenture or the Notes without notice to any Noteholder but with the written consent of the Holders of at least a
majority in aggregate principal amount of the Notes then outstanding (including consents obtained in connection with a tender offer or exchange offer for the Notes). However, without the consent of each Noteholder affected thereby, an amendment may
not: 
 (1) reduce the amount of Notes whose Holders must consent to an amendment; 

  
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 (2) reduce the rate of or extend the time for payment of interest on any
Note; 
 (3) reduce the principal of or extend the Stated Maturity of any Note; 

(4) reduce the amount payable upon the redemption or repurchase of any Note under Article III or Section 4.07 or
4.12, change the time at which any Note may be redeemed in accordance with Article III, or, at any time after a Change of Control or Asset Sale has occurred, change the time at which any Change of Control Offer or Prepayment Offer must be made or at
which the Notes must be repurchased pursuant to such Change of Control Offer or Prepayment Offer; 
 (5) make any
Note payable in money other than U.S. dollars; 
 (6) release any security interest that may have been granted in
favor of the Holders other than pursuant to the terms of the agreement granting that security interest; 
 (7)
make any change in Section 6.04 or 6.07 or the second sentence of this Section; or 
 (8) subordinate the
Notes to any other obligation of the Company. 
 It shall not be necessary for the consent of the Holders under this Section to
approve the particular form of any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment under this Section becomes effective, the Company shall promptly mail to Noteholders (with a copy to the Trustee) a notice briefly describing such amendment. The failure to give such
notice to all Noteholders, or any defect therein, shall not impair or affect the validity of an amendment under this Section. 

SECTION 9.03. Compliance with Trust Indenture Act. Every amendment to this Indenture or the Notes shall comply with the TIA as
then in effect. 
 SECTION 9.04. Revocation and Effect of Consents and Waivers. A consent to an amendment or a waiver by
a Holder of a Note shall bind the Holder and every subsequent Holder of that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made on the Note. However,
any such Holder or subsequent Holder may revoke the consent or waiver as to such Holder’s Note or portion of the Note if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. After an amendment
or waiver becomes effective, it shall bind every Noteholder. An amendment or waiver becomes effective upon the execution of such amendment or waiver by the Trustee. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Noteholders entitled to give their consent or take any other action described above or required or
permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were Noteholders at such record date (or their duly designated proxies), and only those Persons,
shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120
days after such record date. 
 SECTION 9.05. Notation on or Exchange of Notes. If an amendment changes the terms of a
Note, the Trustee may require the Holder of the Note to deliver such Note to the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms and return such Note 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. Failure to make the appropriate notation or to issue a new Note shall not affect the validity of
such amendment. 

  
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 SECTION 9.06. Trustee To Sign Amendments. The Trustee shall sign any amendment
authorized pursuant to this Article IX if the amendment does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing such amendment the Trustee shall receive
indemnity reasonably satisfactory to it and to receive, and (subject to Section 7.01) shall be fully protected in conclusively relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment is authorized or
permitted by this Indenture and is the legal, valid and binding obligation of the Company, enforceable in accordance with its terms. 
 SECTION 9.07. Payment for Consent. Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or
otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid to all Holders that so consent, waive or agree to
amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement. 
 ARTICLE X 

 Miscellaneous 
 SECTION 10.01. Trust Indenture Act Controls. If any provision of this Indenture limits, qualifies or conflicts with another provision that is required to be included in this Indenture by the TIA,
the required provision shall control. 
 SECTION 10.02. Notices. Any notice or communication shall be in writing and
delivered in person or mailed by first-class mail or sent by facsimile (with a hard copy delivered in person or by mail promptly thereafter) and addressed as follows: 
 if to the Company: 
 Levi Strauss & Co. 

Levi’s Plaza 

1155 Battery Street 
 San Francisco, CA 94111 
 Attention of: Legal Department 

Facsimile: (415) 501-1342 
 with a copy to: 
 Levi Strauss & Co. 

1155 Battery Street 
 San Francisco, CA 94111 
 Attention: Assistant Treasurer 

Facsimile No: (415) 501-1342 
 and 
 Levi Strauss & Co. 

1155 Battery Street 
 San Francisco, CA 94111 
 Attention: Manager of Treasury Operations 

Facsimile No: (415) 501-1342 
 and 
 Levi Strauss & Co. 

1155 Battery Street 
 San Francisco, CA 94111 
 Attention: Office of the General Counsel 

Facsimile No: (415) 501-7650 

  
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 if to the Trustee: 

Wells Fargo Bank, National Association 
 707 Wilshire Boulevard 
 Los Angeles, CA 90017 

Facsimile: (213) 614-3355 
 Attention of: Corporate Trust Department 
 The Company 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 Noteholder shall be mailed to the Noteholder at the Noteholder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 

Failure to mail a notice or communication to a Noteholder or any defect in it shall not affect its sufficiency with respect to other
Noteholders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 
 SECTION 10.03. Communication by Holders with Other Holders. Noteholders may communicate pursuant to TIA § 312(b) with other Noteholders with respect to their rights under this Indenture or the
Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 
 SECTION 10.04.
Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to the Trustee to take or refrain from taking any action under this Indenture, the Company shall furnish to the Trustee: 

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

SECTION 10.05. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a
covenant or condition provided for in this Indenture shall include: 
 (1) a statement that the individual making
such certificate or opinion has read such covenant or condition; 
 (2) a brief statement as to the nature and
scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or
condition has been complied with; and 
 (4) a statement as to whether or not, in the opinion of such individual,
such covenant or condition has been fully complied with. 

  
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 SECTION 10.06. Annual Officer’s Certificate as to Compliance. Not later than
June 1 every year, beginning with June 1, 2012, the Company shall deliver to the Trustee a certificate (which need not comply with Section 10.05 of this Indenture) executed by the principal executive officer, principal financial
officer or principal accounting officer of the Company as to such officer’s knowledge of the Company’s compliance with all conditions and covenants under this Indenture, such compliance to be determined without regard to any period of
grace or requirement of notice provided under this Indenture. 
 SECTION 10.07. When Notes Disregarded. In determining
whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company or by any Person directly or indirectly controlling or controlled by or under direct or indirect common
control with the Company shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that the Trustee knows
are so owned shall be so disregarded. Also, subject to the foregoing, only Notes outstanding at the time shall be considered in any such determination. 
 SECTION 10.08. Rules by Trustee, Paying Agents and Registrar. The Trustee may make reasonable rules for action by or a meeting of Noteholders. The Registrar and the Paying Agents or co-registrar
may make reasonable rules for their functions. 
 SECTION 10.09. Legal Holidays. A “Legal Holiday” is a
Saturday, a Sunday or a day on which banking institutions are not required to be open in the State of New York. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall
accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected. 

SECTION 10.10. Governing Law. THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

SECTION 10.11. No Recourse Against Others. A director, officer, employee or stockholder, as such, of the Company shall not have
any liability for any obligations of the Company under the Notes or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Noteholder shall waive and release all such
liability. The waiver and release shall be part of the consideration for the issue of the Notes. 
 SECTION 10.12.
Successors. All agreements of the Company in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors. 

SECTION 10.13. Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. Delivery of an executed signature page by facsimile or electronic transmission (e.g. “pdf” or “tif”) shall be
effective as delivery of a manually executed counterpart hereof. 
 SECTION 10.14. Table of Contents; Headings. The table
of contents, cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or
provisions hereof. 
 SECTION 10.15. Force Majeure. In no event shall the Trustee be responsible or liable for any
failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or
military disturbances, nuclear or natural catastrophes or acts of God, 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. 

  
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 SECTION 10.16. U.S.A. Patriot Act. The parties hereto acknowledge that in accordance
with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person
or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information within the Company’s custody or control or as the Company may
reasonably obtain that the Trustee may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

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

			
	LEVI STRAUSS & CO.
		
	By:	 	 /s/ Johan Nystedt

		 	Name: Johan Nystedt
		 	Title: Vice President and Global Treasurer

  
 [Signature
Page to the Indenture] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Maddy Hall

		 	Name: Maddy Hall
		 	Title: Vice President

  
 [Signature
Page to the Indenture] 

 APPENDIX A 
 PROVISIONS RELATING TO INITIAL NOTES 
 AND EXCHANGE NOTES 

1. Definitions 
 1.1 Definitions 
 For the purposes of this Appendix A the following terms
shall have the meanings indicated below: 
 “Definitive Note” means a certificated Initial Note or
Exchange Note or Private Exchange Note bearing, if required, the restricted securities legend set forth in Section 2.3(c). 
 “Depositary” means with respect to the Notes, The Depository Trust Company, its nominees and their respective successors. 

“Distribution Compliance Period” means, with respect to any Notes, the period of 40 consecutive days beginning
on the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes.

 “Exchange Notes” means the 6 7/8% Senior Notes due 2022 to be issued pursuant to this Indenture in
connection with a Registered Exchange Offer pursuant to the Registration Rights Agreement. 

“IAI” means an institutional “accredited investor” as described in Rule 501(a)(1), (2), (3) or
(7) under the Securities Act. 
 “Initial Notes” means 6 7/8% Senior Notes due 2022, to be issued from time to time, in one or
more series as provided for in this Indenture. 
 “Initial Purchasers” means Merrill Lynch,
Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC. 

“Notes Custodian” means the custodian with respect to a Global Note (as appointed by the Depositary) or any
successor person thereto, who shall initially be the Trustee. 
 “Original Notes” means Notes issued on
May 8, 2012. 
 “Private Exchange” means the offer by the Company, pursuant to Section 2 of
the Registration Rights Agreement or pursuant to any similar provision of any other Registration Rights Agreement, to issue and deliver to certain purchasers, in exchange for the Initial Notes held by such purchasers as part of their initial
distribution, a like aggregate principal amount of Private Exchange Notes. 
 “Private Exchange Notes”
means the Notes to be issued pursuant to this Indenture in connection with a Private Exchange pursuant to a Registration Rights Agreement. 
 “Purchase Agreement” means the Purchase Agreement dated April 24, 2012, among the Company and the Initial Purchasers relating to the Original Notes, or any similar agreement relating to any
future sale of Initial Notes by the Company. 
 “QIB” means a “qualified institutional buyer”
as defined in Rule 144A. 

  
 Appendix A-1

 “Registered Exchange Offer” means the offer by the Company,
pursuant to a Registration Rights Agreement, to certain Holders of Initial Notes, to issue and deliver to such Holders, in exchange for the Initial Notes, a like aggregate principal amount of Exchange Notes registered under the Securities Act.

 “Registration Rights Agreement” means (i) the Registration Rights Agreement dated as of
May 8, 2012, among the Company and the Initial Purchasers relating to the Original Notes, or (ii) any similar agreement relating to any additional Initial Notes. 

“Shelf Registration Statement” means a registration statement issued by the Company in connection with the offer
and sale of Initial Notes or Private Exchange Notes pursuant to the Registration Rights Agreement. 

“Transfer Restricted Notes” means Definitive Notes and any other Notes that bear or are required to bear the
legend set forth in Section 2.3(c) hereto. 
 1.2 Other Definitions 

 

			
	 Term
	  	Defined in
Section:
	 “Agent Members”
	  	2.1(b)
	 “Global Note”
	  	2.1(a)
	 “IAI Global Note”
	  	2.1(a)
	 “Permanent Regulation S Global Note”
	  	2.1(a)
	 “Regulation S”
	  	2.1
	 “Regulation S Global Note”
	  	2.1(a)
	 “Rule 144A”
	  	2.1
	 “Rule 144A Global Note”
	  	2.1(a)
	 “Temporary Regulation S Global Note”
	  	2.1(a)

 2. The Notes 
 2.1 Form and Dating 
 The Initial Notes will be offered and sold by the
Company, from time to time, pursuant to one or more Purchase Agreements. The Initial Notes will be resold initially only to QIBs in reliance on Rule 144A under the Securities Act (“Rule 144A”) and in reliance on Regulation S under the
Securities Act (“Regulation S”). Initial Notes may thereafter be transferred to, among others, QIBs, purchasers in reliance on Regulation S and IAIs under Rule 501(a)(1), (2), (3) or (7) under the Securities Act, subject to the
restrictions on transfer set forth herein. 
 (a) Global Notes. Initial Notes initially resold pursuant to Rule 144A
shall be issued initially in the form of one or more permanent global Notes in definitive, fully registered form (collectively, the “Rule 144A Global Note”) with the restricted securities legend set forth in Exhibit A to this Indenture,
and Initial Notes initially resold pursuant to Regulation S shall be issued initially in the form of one or more global securities in registered form with the global securities legend and the applicable restricted securities legend set forth in
Exhibit A to this Indenture (the “Temporary Regulation S Global Note”) or with such other legends as may be appropriate. Except as set forth in this Section 2.1(a) and Section 2.3(b), beneficial ownership interest in a Temporary
Regulation S Global Note will be exchangeable for interests in a Rule 144A Global Note or a permanent global note (the “Permanent Regulation S Global Note” and, together with the Temporary Regulation S Global Note, the “the
“Regulation S Global Note”) or a Definitive Note in registered certificated form only after the expiration of the Distribution Compliance Period and then only (i) upon certification in form reasonably satisfactory to the Trustee that
beneficial ownership interests in such Temporary Regulation S Global Note are owned either by non-U.S. persons or U.S. persons who purchased such interests in a transaction that did not require registration under the Securities Act and (ii) in
the case of an exchange for a Certificated Note, in compliance with the requirements described in Section 2.4 and, subject to Section 2.4 hereof, Initial Notes transferred subsequent to the initial resale thereof to IAIs shall be issued
initially in the form of one or more permanent global securities in definitive, fully registered form (collectively, the “IAI Global Note”), 

  
 Appendix A-2

 
in each case without interest coupons and with the global securities legend and restricted securities legend set forth in Exhibit A to this Indenture, which shall be deposited on behalf of the
purchasers of the Initial Notes represented thereby with the Notes Custodian, and registered in the name of the applicable Depositary or a nominee of the applicable Depositary, duly executed by the Company and authenticated by the Trustee or the
Authentication Agent as provided in this Indenture. The Rule 144A Global Note, IAI Global Note and Regulation S Global Note are collectively referred to herein as “Global Notes.” The aggregate principal amount of the Global Notes may from
time to time be increased or decreased by adjustments made on the records of the Trustee and the applicable Depositary or its nominee as hereinafter provided. 
 (b) Book-Entry Provisions. This Section 2.1(b) shall apply only to a Global Note deposited with or on behalf of the applicable Depositary. 

The Company shall execute and the Trustee shall, in accordance with this Section 2.1(b) and pursuant to an order of the Company,
authenticate and deliver initially one or more Global Notes that (a) shall be registered in the name of the applicable Depositary for such Global Note or Global Notes or the nominee of such Depositary and (b) shall be delivered by the
Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as Notes Custodian. 

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 by the Trustee as Notes Custodian or under such Global Note, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner 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 impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a holder of a beneficial interest in any Global
Note. 
 (c) Definitive Notes. Except as provided in Section 2.3 or 2.4, owners of beneficial interests in Global
Notes will not be entitled to receive physical delivery of Definitive Notes. 
 2.2 Authentication. The Trustee or
Authentication Agent shall authenticate and deliver: (1) Original Notes for original issue in an aggregate principal amount of $385.0 million, (2) additional Initial Notes, if and when issued, in an aggregate principal amount as
established in or pursuant to a resolution of the Board of Directors of the Company and (3) the Exchange Notes or Private Exchange Notes for issue only in a Registered Exchange Offer or a Private Exchange, respectively, pursuant to the
Registration Rights Agreement, for a like principal amount of Initial Notes or Private Exchange Notes, as applicable, upon a written order of the Company signed by two Officers or by an Officer and either an Assistant Treasurer or an Assistant
Secretary of the Company. Such order shall specify the amount of the Notes to be authenticated and the date on which the original issue of Notes is to be authenticated and whether the Notes are to be Initial Notes or Exchange Notes. The aggregate
principal amount of Notes outstanding at any time may not exceed the aggregate principal amount established in or pursuant to a resolution of the Board of Directors of the Company, except as provided in Section 2.08 of this Indenture.

 2.3 Transfer and Exchange. 
 (a) Transfer and Exchange of Definitive Notes. When Definitive Notes are presented to the Registrar or a co-registrar with a request: 

(x) to register the transfer of such Definitive Notes; or 

(y) to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other authorized denominations,

  
 Appendix A-3

 the Registrar or co-registrar shall register the transfer or make the exchange as requested if its
reasonable requirements for such transaction are met; provided, however, that the Definitive Notes surrendered for transfer or exchange: 
 (i) shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar or co-registrar, duly executed by the Holder thereof or his
attorney duly authorized in writing; and 
 (ii) if such Definitive Notes bear a restricted securities legend,
they are being transferred or exchanged pursuant to an effective registration statement under the Securities Act or pursuant to clause (A), (B) or (C) below, and are accompanied by the following additional information and documents, as
applicable: 
 (A) if such Definitive Notes are being delivered to the Registrar by a Holder for registration in
the name of such Holder, without transfer, a certification from such Holder to that effect; or 
 (B) if such
Definitive Notes are being transferred to the Company, a certification to that effect; or 
 (C) if such
Definitive Notes are being transferred pursuant to an exemption from registration in accordance with Rule 144 under the Securities Act, (i) a certification to that effect and (ii) if the Company or the Trustee so requests, an opinion of
counsel or other evidence reasonably satisfactory to it as to the compliance with the restrictions set forth in the legend set forth in Section 2.3(c)(i). 
 (b) Transfer and Exchange of Global Notes. 
 (i) The transfer and exchange
of Global Notes or beneficial interests therein shall be effected through the applicable Depositary, in accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depositary
therefor. A transferor of a beneficial interest in a Global Note shall deliver a written order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a
beneficial interest in the Global Note and such account shall be credited in accordance with such instructions with a beneficial interest in the Global Note and the account of the Person making the transfer shall be debited by an amount equal to the
beneficial interest in the Global Note being transferred. In the case of a transfer of a beneficial interest in a Global Note to an IAI, the transferee must furnish a signed letter to the Trustee containing certain representations and agreements in
the form of Exhibit B to this Indenture. 
 (ii) If the proposed transfer is a transfer of a beneficial interest in one Global
Note to a beneficial interest in another Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an amount equal to the
principal amount of the interest to be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being transferred.

 (iii) Notwithstanding any other provisions of this Appendix A (other than the provisions set forth in Section 2.4), a
Global Note may not be transferred as a whole except 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. 
 (iv) In the event that a Global Note is exchanged for Definitive Notes
pursuant to Section 2.4 prior to the consummation of a Registered Exchange Offer or the effectiveness of a Shelf Registration Statement with respect to such Notes, such Notes may be exchanged only in accordance with such procedures as are
substantially consistent with the provisions of this Section 2.3 (including the certification requirements set forth on the reverse of the Initial Notes intended to ensure that such transfers comply with Rule 144A, Regulation S or such other
applicable exemption from registration under the Securities Act, as the case may be) and such other procedures as may from time to time be adopted by the Company. 

  
 Appendix A-4

 (v) Restrictions on Transfer of Temporary Regulation S Global Notes. 

(A) During the Distribution Compliance Period, beneficial ownership interests in Temporary Regulation S Global Notes may
only be sold, pledged or transferred (i) to Company, (ii) in an offshore transaction in accordance with Rule 904 of Regulation S (other than a transaction resulting in an exchange for an interest in a Permanent Regulation S Global Note) or
(iii) pursuant to an effective registration statement under the Securities Act, in each case in accordance with any applicable securities laws of any State of the United States; and 

(B) Beneficial interests in a Rule 144A Global Note may be transferred to a Person who takes delivery in the form of an
interest in a Regulation S Global Note, whether before or after the expiration of the Distribution Compliance Period, only if the transferor first delivers to the Trustee a written certificate (in form reasonably satisfactory to the Trustee) to the
effect that such transfer is being made in accordance with Rule 903 or 904 of Regulation S or Rule 144 (if applicable). 
 (c)
Legend. 
 (i) Except as permitted by the following paragraphs (ii), (iii) and (iv), each certificate evidencing the
Global Notes and the Definitive Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form: 
 “THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY
NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT: 

(A) SUCH SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY: 

(i) (a) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A
UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A NON-U.S. PERSON IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 903 OR 904 UNDER THE SECURITIES ACT, (d) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1),(2),(3) OR (7) OF THE SECURITIES ACT (AN “INSTITUTIONAL ACCREDITED
INVESTOR”)) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL
AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
(AND BASED UPON AN OPINION OF COUNSEL AND OTHER CERTIFICATIONS AND DOCUMENTS IF THE ISSUER SO REQUESTS), 
 (ii)
TO THE ISSUER, OR 
 (iii) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT

  
 Appendix A-5

 
AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND IN EACH CASE SUBJECT TO ANY REQUIREMENT OF LAW THAT
THE DISPOSITION OF THIS SECURITY BY THE HOLDER OR BY ANY INVESTOR ACCOUNT OR ACCOUNTS BE AT ALL TIMES WITHIN ITS OR THEIR CONTROL; AND 
 (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE. 

THIS SECURITY MAY NOT BE ACQUIRED OR HELD WITH THE ASSETS OF (I) AN “EMPLOYEE BENEFIT PLAN” (AS DEFINED IN SECTION 3(3) OF
THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)) THAT IS SUBJECT TO ERISA, (II) A “PLAN” WHICH IS SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), (III)
ANY ENTITY DEEMED UNDER ERISA TO HOLD “PLAN ASSETS” OF ANY OF THE FOREGOING BY REASON OF AN EMPLOYEE BENEFIT PLAN’S OR PLAN’S INVESTMENT IN SUCH ENTITY, OR (IV) A GOVERNMENTAL PLAN OR CHURCH PLAN SUBJECT TO APPLICABLE LAW THAT IS
SIMILAR IN PURPOSE OR EFFECT TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), UNLESS THE ACQUISITION AND HOLDING OF THIS SECURITY (AND ANY EXCHANGE OF THE NOTE FOR
AN EXCHANGE NOTE) BY THE PURCHASER OR TRANSFEREE, THROUGHOUT THE PERIOD THAT IT HOLDS THIS SECURITY, ARE EXEMPT FROM THE PROHIBITED TRANSACTION RESTRICTIONS UNDER ERISA AND SECTION 4975 OF THE CODE OR ANY PROVISIONS OF SIMILAR LAW, AS APPLICABLE,
PURSUANT TO ONE OR MORE PROHIBITED TRANSACTION STATUTORY OR ADMINISTRATIVE EXEMPTIONS. BY ITS ACQUISITION OR HOLDING OF THIS SECURITY, EACH PURCHASER AND TRANSFEREE WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT THE FOREGOING REQUIREMENTS
HAVE BEEN SATISFIED.” 
 Each Definitive Note will also bear the following additional legend: 

“IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION
AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.” 

(ii) Upon any sale or transfer of a Transfer Restricted Note (including any Transfer Restricted Note represented by a Global Note)
pursuant to Rule 144 under the Securities Act: 
 (A) in the case of any Transfer Restricted Note that is a
Definitive Note, the Registrar shall permit the Holder thereof to exchange such Transfer Restricted Note for a Note that does not bear the legends set forth above and rescind any restriction on the transfer of such Transfer Restricted Note; and

 (B) in the case of any Transfer Restricted Note that is represented by a Global Note, the Registrar shall
permit the Holder thereof to exchange such Transfer Restricted Note for a Note that does not bear the legends set forth above and rescind any restriction on the transfer of such Transfer Restricted Note, 

in either case, if the Holder certifies in writing to the Registrar that its request for such exchange was made in reliance on Rule 144 (such
certification to be in the form set forth on the reverse of the Initial Note). 
 (iii) After a transfer of any Initial Notes or
Private Exchange Notes, as the case may be, during the period of the effectiveness of a Shelf Registration Statement with respect to such Initial Notes or Private Exchange Notes, all requirements pertaining to restricted legends on such Initial Note
or such Private Exchange Note will 

  
 Appendix A-6

 
cease to apply and an Initial Note or Private Exchange Note, as the case may be, in global form without restricted legends will be available to the transferee of the beneficial interests of such
Initial Notes or Private Exchange Notes. Upon the occurrence of any of the circumstances described in this paragraph, the Company will deliver an Officers’ Certificate to the Trustee instructing the Trustee to issue Notes without restricted
legends. 
 (iv) Upon the consummation of a Registered Exchange Offer with respect to the Initial Notes pursuant to which
certain Holders of such Initial Notes are offered Exchange Notes in exchange for their Initial Notes, Exchange Notes in global form without the restricted legends will be available to Holders or beneficial owners that exchange such Initial Notes (or
beneficial interests therein) in such Registered Exchange Offer. Upon the occurrence of any of the circumstances described in this paragraph, the Company will deliver the Exchange Notes accompanied by an Officers’ Certificate to the Trustee
instructing the Trustee to authenticate the Exchange Notes without restricted legends. 
 (d) Cancellation or Adjustment of
Global Note. At such time as all beneficial interests in a Global Note have either been exchanged for Definitive Notes, redeemed, repurchased or canceled, such Global Note shall be returned by the Depositary to the Trustee for cancellation
pursuant to its customary practice. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global
Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Notes Custodian for such Global Note) with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect such
reduction. 
 (e) Obligations with Respect to Transfers and Exchanges of Notes. 

(i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Definitive Notes and
Global Notes at the Registrar’s or co-registrar’s request. 
 (ii) No service charge shall be made for any
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than any such transfer taxes, assessments or
similar governmental charge payable upon exchange or transfer pursuant to Sections 3.06, 4.08 and 9.05 of this Indenture). 

(iii) The Registrar or co-registrar shall not be required to register the transfer of or exchange of any Note for a period beginning 15
days before the mailing of a notice of redemption or an offer to repurchase Notes or 15 days before an interest payment date. 

(iv) Prior to the due presentation for registration of transfer of any Note, the Company, the Trustee, the Paying Agent, the Registrar or
any co-registrar may deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Note and for all other purposes whatsoever, whether or not
such Note is overdue, and none of the Company, the Trustee, the Paying Agent, the Registrar or any co-registrar shall be affected by notice to the contrary. 
 (v) All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes
surrendered upon such transfer or exchange. 
 (f) No Obligation of the Trustee. 

(i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the
Depositary or any other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any
participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such Notes. All notices and communications to
be given to the Holders and all payments to be made to Holders under the Notes shall be given or made only to the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of beneficial owners in any
Global Note shall be exercised 

  
 Appendix A-7

 
only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the
Depositary with respect to its members, participants and any beneficial owners. 
 (ii) The Trustee shall have no obligation or
duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among
Depositary participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms
of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

2.4 Definitive Notes 
 (a) A Global Note deposited with the Depositary or with the Trustee as Notes Custodian pursuant to Section 2.1 shall be transferred to the beneficial owners thereof in the form of Definitive Notes in
an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if such transfer complies with Section 2.3 and (i) the Depositary notifies the Company that it is unwilling or unable
to continue as a Depositary for such Global Note or if at any time the Depositary ceases to be a “clearing agency” registered under the Exchange Act, and a successor Depositary is not appointed by the Company within 90 days of such notice,
or (ii) a Default or an Event of Default has occurred and is continuing or (iii) the Company, in its sole discretion, notifies the Trustee in writing that it elects to cause the issuance of Definitive Notes under this Indenture.

 (b) Any Global Note that is transferable to the beneficial owners thereof pursuant to this Section 2.4 shall be
surrendered by the Depositary to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion of such Global Note, an equal aggregate
principal amount of Definitive Notes of authorized denominations. Definitive Notes issued in exchange for any portion of a Global Note transferred pursuant to this Section shall be executed, authenticated and delivered only in denominations of
$2,000 and any integral multiples of $1,000 in excess thereof and registered in such names as the Depositary shall direct. Any Definitive Note delivered in exchange for an interest in the Global Note shall, except as otherwise provided by
Section 2.3(d), bear the restricted securities legend set forth in Exhibit 1 hereto. 
 (c) The registered Holder of a
Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action that a Holder is entitled to take under this Indenture or the Notes. 

(d) In the event of the occurrence of any of the events specified in Section 2.4(a)(i), (ii) or (iii), the Company will
promptly make available to the Trustee a reasonable supply of Definitive Notes in definitive, fully registered form without interest coupons. 

  
 Appendix A-8

 EXHIBIT A 
 [FORM OF FACE OF INITIAL NOTE] 
 [Global Notes Legend] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 [Restricted Notes Legend] 

“THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER
OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE
BENEFIT OF THE ISSUER THAT: 
 (A) SUCH SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY: 

(i)(a) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES
ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (b) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (c) OUTSIDE THE UNITED STATES TO A NON-U.S. PERSON IN A TRANSACTION MEETING THE REQUIREMENTS
OF RULE 903 OR 904 UNDER THE SECURITIES ACT, (d) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(a)(1),(2),(3) OR (7) OF THE SECURITIES ACT (AN “INSTITUTIONAL ACCREDITED INVESTOR”)) THAT, PRIOR TO SUCH
TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000,
AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUER THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, OR (e) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF
COUNSEL AND OTHER CERTIFICATIONS AND DOCUMENTS IF THE ISSUER SO REQUESTS), 

  
 A-1

 (ii) TO THE ISSUER, OR 

(iii) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT 
 AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND IN EACH CASE SUBJECT TO ANY REQUIREMENT OF LAW THAT THE
DISPOSITION OF THIS SECURITY BY THE HOLDER OR BY ANY INVESTOR ACCOUNT OR ACCOUNTS BE AT ALL TIMES WITHIN ITS OR THEIR CONTROL; AND 
 (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER FROM IT OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN (A) ABOVE. 

THIS SECURITY MAY NOT BE ACQUIRED OR HELD WITH THE ASSETS OF (I) AN “EMPLOYEE BENEFIT PLAN” (AS DEFINED IN SECTION 3(3) OF
THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)) THAT IS SUBJECT TO ERISA, (II) A “PLAN” WHICH IS SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), (III)
ANY ENTITY DEEMED UNDER ERISA TO HOLD “PLAN ASSETS” OF ANY OF THE FOREGOING BY REASON OF AN EMPLOYEE BENEFIT PLAN’S OR PLAN’S INVESTMENT IN SUCH ENTITY, OR (IV) A GOVERNMENTAL PLAN OR CHURCH PLAN SUBJECT TO APPLICABLE LAW THAT IS
SIMILAR IN PURPOSE OR EFFECT TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), UNLESS THE ACQUISITION AND HOLDING OF THIS SECURITY (AND ANY EXCHANGE OF THE NOTE FOR
AN EXCHANGE NOTE) BY THE PURCHASER OR TRANSFEREE, THROUGHOUT THE PERIOD THAT IT HOLDS THIS SECURITY, ARE EXEMPT FROM THE PROHIBITED TRANSACTION RESTRICTIONS UNDER ERISA AND SECTION 4975 OF THE CODE OR ANY PROVISIONS OF SIMILAR LAW, AS APPLICABLE,
PURSUANT TO ONE OR MORE PROHIBITED TRANSACTION STATUTORY OR ADMINISTRATIVE EXEMPTIONS. BY ITS ACQUISITION OR HOLDING OF THIS SECURITY, EACH PURCHASER AND TRANSFEREE WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT THE FOREGOING REQUIREMENTS
HAVE BEEN SATISFIED. 
 [Definitive Notes Legend] 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE
TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
 [Temporary Regulation S Legend] 

THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE NOTES, ARE AS
SPECIFIED IN THE INDENTURE (AS DEFINED HEREIN). 

  
 A-2

 [FORM OF FACE OF INITIAL NOTE] 

 

					
	No.	  	$        	  	

6 
7/8% Senior Notes due 2022 
 CUSIP No. [                    ] 
 ISIN No. [                    ] 

LEVI STRAUSS & CO., a Delaware corporation, promises to pay to Cede & Co., or registered assigns, the principal sum of
[            ] Dollars ($        ) on May 1, 2022. 
 Interest Payment Dates: May 1 and November 1. 
 Record Dates:
April 15 and October 15. 

  
 A-1-3

 IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed.

  
  

			
	LEVI STRAUSS & CO.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
		
	Dated:	 	  

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	
	     as Trustee, certifies that this is one of the Notes

    referred to in the Indenture.

		
	By:	 	  

		 	Authorized Signatory

  
 A-1-4

 [FORM OF REVERSE SIDE OF NOTE] 

6 
7/8% Senior Notes due 2022 
  

	1.	Interest 

 (a) LEVI STRAUSS & CO., a Delaware corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Company”),
promises to pay interest on the principal amount of this 6 7/8% Senior Note due 2022 (this “Note” and, together with any other 6 7/8% Senior Notes due 2022, the “Notes”) at the rate per annum shown above. The Company will pay interest semiannually on May 1 and November 1 of each year,
commencing November 1, 2012. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from May 8, 2012. Interest shall be computed on the basis of a 360-day year of
twelve 30-day months. The Company shall pay interest on overdue principal at the rate borne by the Notes plus 1% per annum, and it shall pay interest on overdue installments of interest at the rate borne by the Notes to the extent lawful.

 (b) Special Interest. The holder of this Note is entitled to the benefits under the terms of a
Registration Rights Agreement, dated as of May 8, 2012, among the Company and the Initial Purchasers named therein (the “Registration Rights Agreement”). 

 

	2.	Method of Payment 

 The
Company will pay interest on the Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of business on the April 15 or October 15 next preceding the interest payment date even if Notes are
canceled after the record date and on or before the interest payment date. Holders must surrender Notes to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of the United States of America that at the
time of payment is legal tender for payment of public and private debts. Payments in respect of the Notes represented by a Global Note (including principal, premium and interest) will be made by wire transfer of immediately available funds to the
accounts specified by The Depository Trust Company. The Company will make all payments in respect of a Definitive Note (including principal, premium and interest), by mailing a check to the registered address of each Holder thereof; provided,
however, that payments on the Notes may also be made, in the case of a Holder of at least $1,000,000 aggregate principal amount of Notes, by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if
such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the
Trustee may accept in its discretion). 
  

	3.	Paying Agent and Registrar 

Initially, Wells Fargo Bank, National Association (the “Trustee”) will act as Paying Agent and Registrar. The Company may
appoint and change any Paying Agent, Registrar or co-registrar without notice. The Company or any of its domestically incorporated Wholly Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar. 

 

	4.	Indenture 

 The Company
issued the Notes under an Indenture dated as of May 8, 2012 (the “Indenture”), between the Company and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the
Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “TIA”). Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes
are subject to all such terms, and Noteholders are referred to the Indenture and the TIA for a statement of those terms. 
 The
Indenture imposes certain limitations on the ability of the Company and its Restricted Subsidiaries to, among other things, make certain Investments and other Restricted Payments, pay dividends and other distributions, incur Debt, enter into
consensual restrictions upon the payment of certain dividends and distributions by such Restricted Subsidiaries, issue or sell shares of capital stock of such Restricted Subsidiaries, enter into or permit certain

  
 A-1-5

 
transactions with Affiliates, create or incur Liens and make Asset Sales. The Indenture also imposes limitations on the ability of the Company to consolidate or merge with or into any other
Person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of the Property of the Company. 
  

	5.	Optional Redemption 

 (a)
Except as set forth below, the Notes may not be redeemed prior to May 1, 2017. On and after that date, the Company may redeem the Notes in whole at any time or in part from time to time at the following redemption prices (expressed in
percentages of principal amount), plus accrued and unpaid interest, if any, to 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 that is on or
prior to the date of redemption), if redeemed during the 12-month period beginning on or after May 1 of the years set forth below: 
  

					
	 Period
	  	Redemption Price	 
	 2017
	  	 	103.438	% 
	 2018
	  	 	102.292	% 
	 2019
	  	 	101.146	% 
	 2020 and thereafter
	  	 	100.000	% 

 (b) Notwithstanding the foregoing, prior to May 1, 2015 the Company may redeem up to 35% of the
original aggregate principal amount of the Notes issued (including additional Initial Notes, if any) with the proceeds from one or more Public Equity Offerings by the Company, at a redemption price equal to 106.875% of the principal amount thereof,
plus accrued and unpaid interest thereon, if any, to 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 that is on or prior to the date of
redemption); provided, however, that after giving effect to any such redemption, at least 65% of the original aggregate principal amount of the Notes (including additional Initial Notes, if any) remains outstanding. Any such redemption
shall be made within 90 days of such Public Equity Offering upon not less than 30 nor more than 60 days’ prior notice. 

(c) Notwithstanding the foregoing, the Company may redeem all or any portion of the Notes, at once or over time, prior to May 1,
2017, at a redemption price equal to the sum of: 
 (a) 100% of the principal amount of the Notes to be redeemed, plus

 (b) the Applicable Premium, 
 plus accrued and unpaid interest, if any, to 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).

 “Applicable Premium” means with respect to a Note on any redemption date, the excess of (i) the present
value on such redemption date of (A) the redemption price of such Note on May 1, 2017 (such redemption price being described in the table appearing in clause (a) of this paragraph 5 exclusive of any accrued interest) plus (B) all
required remaining scheduled interest payments due on such Note through May 1, 2017 (including any accrued and unpaid interest) computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (ii) the principal
amount of such Note. 
 “Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term of the Notes that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities
of comparable maturity to the remaining term of such Notes. “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Trustee after consultation with the Company. 

  
 A-1-6

 “Comparable Treasury Price” means, with respect to any redemption date:

 (a) the average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) on the third Business Day preceding such redemption date, as set forth in the most recently published statistical release designated “H.15 (519)” (or any successor release) published by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” or 

(b) if such release (or any successor release) is not published or does not contain such prices on such Business Day, the
average of the Reference Treasury Dealer Quotations for such redemption date. 
 “Reference Treasury Dealer”
means Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and one other financial institution chosen by the Company and their respective successors; provided, however, that if any of the foregoing shall cease
to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date,
the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at
5:00 p.m. on the third Business Day preceding such redemption date. 
 “Treasury Rate” means, with respect
to any redemption date, the rate per annum equal to the yield to maturity of the Comparable Treasury Issue, compounded semi-annually, assuming a price for such Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to
the Comparable Treasury Price for such redemption date. 
  

	6.	Notice of Optional Redemption 

 Notice of redemption will be mailed by first-class mail and in the case of Notes held in book entry form, by electronic transmission at least 30 days but not more than 60 days before the redemption date
to each Holder of Notes to be redeemed at his or her registered address. Any notice to Holders of Notes of such a redemption pursuant to clause (c) in paragraph 5 needs to include the appropriate calculation of the redemption price, but does
not need to include the redemption price itself. The actual redemption price, calculated as described in such clause (c), must be set forth in an Officers’ Certificate delivered to the Trustee no later than two Business Days prior to the
redemption date. Notes in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000. If money sufficient to pay the redemption price of and accrued interest on all Notes (or portions thereof) to be redeemed on
the redemption date is deposited with the Paying Agent on or before the redemption date and certain other conditions are satisfied, on and after such date interest ceases to accrue on such Notes (or such portions thereof) called for redemption.

  

	7.	Sinking Fund 

 The Notes
are not subject to any sinking fund. 
  

	8.	Repurchase of Notes at the Option of Holders upon Change of Control 

 Upon a Change of Control, any Holder of Notes will have the right, subject to certain conditions specified in the Indenture, to cause the Company to repurchase all or any part of the Notes of such Holder
at a purchase price equal to 101% of the principal amount of the Notes to be repurchased plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of Holders of record on the relevant record date to receive interest due
on the relevant interest payment date that is on or prior to the date of purchase) as provided in, and subject to the terms of, the Indenture. 

  
 A-1-7

	9.	Denominations; Transfer; Exchange 

 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 transfer or exchange Notes in accordance with the Indenture.
Upon any transfer or exchange, the Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay any taxes required by law or permitted by the Indenture. The Registrar need
not register the transfer of or exchange any Notes selected for redemption (except, in the case of a Note to be redeemed in part, the portion of the Note not to be redeemed) or to transfer or exchange any Notes for a period of 15 days prior to a
selection of Notes to be redeemed or 15 days before an interest payment date. 
  

	10.	Persons Deemed Owners 

The registered Holder of this Note may be treated as the owner of it for all purposes. 

 

	11.	Unclaimed Money 

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

	12.	Discharge and Defeasance 

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

 

	13.	Amendment, Waiver 

Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Notes may be amended without prior notice to any
Noteholder but with the written consent of the Holders of at least a majority in aggregate principal amount of the outstanding Notes and (ii) any default or noncompliance with any provision may be waived with the written consent of the Holders
of at least a majority in principal amount of the outstanding Notes. Subject to certain exceptions set forth in the Indenture, without the consent of any Holder of Notes, the Company and the Trustee may amend the Indenture or the Notes (i) to
cure any ambiguity, omission, defect or inconsistency; (ii) to comply with Article V of the Indenture; (iii) to provide for uncertificated Notes in addition to or in place of certificated Notes; (iv) to add Guarantees with respect to
the Notes; (v) to secure the Notes, to add additional covenants or to surrender rights and powers conferred on the Company; (vi) to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture
under the TIA; (vii) to evidence and provide for the acceptance of appointment by a successor trustee; (viii) to make any change that does not adversely affect the rights of any Noteholder; or (ix) to provide for the issuance of
additional securities in accordance with the Indenture. 
  

	14.	Defaults and Remedies 

 If
an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of Notes then outstanding, subject to certain limitations, may declare all the Notes to be immediately due and payable. Certain
events of bankruptcy or insolvency are Events of Default and shall result in the Notes being immediately due and payable upon the occurrence of such Events of Default without any further act of the Trustee or any Holder. 

Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the
Indenture or the Notes unless it receives indemnity or security reasonably satisfactory to it. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Notes then outstanding may direct the Trustee in its exercise
of any trust or power under the Indenture. The Holders of a majority 

  
 A-1-8

 
in aggregate principal amount of the Notes then outstanding, by written notice to the Company and the Trustee, may rescind any declaration of acceleration and its consequences if the rescission
would not conflict with any judgment or decree, and if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration. 

 

	15.	Trustee Dealings with the Company 

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

 

	16.	No Recourse Against Others 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company
under the Notes or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Noteholder waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Notes. 
  

	17.	Authentication 

 This Note
shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of authentication on the other side of this Note. 

 

	18.	Abbreviations 

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

	19.	Governing Law 

 THIS
NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY. 
  

	20.	CUSIP Numbers 

 Pursuant
to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes and has directed the Trustee to use CUSIP numbers in notices of redemption as a
convenience to Noteholders. To the extent such numbers have been issued, the Company has caused ISIN and Common Code numbers to be similarly printed on the Notes and has similarly instructed the Trustee. No representation is made as to the accuracy
of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
 The Company will furnish to any Holder of Notes upon written request and without charge to the Holder a copy of the Indenture which has in it the text of this Note. 

  
 A-1-9

 LEVI STRAUSS & CO. 6 7/8% SENIOR NOTES DUE 2022 

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

 

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

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

 and irrevocably appoint agent to transfer this Note on the books of the Company. The agent may substitute another to act
for him. 
  

							
	Date:	 	  
	 	Your Signature:	 	  

		 		 		 	Sign exactly as your name appears on the other side of this Note.

 In connection with any transfer of any of the Notes evidenced by this certificate occurring while this Note is a Transfer
Restricted Note, the undersigned confirms that such Notes are being transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 

 

							
		 	(1)	  	 ̈	  	To the Company; or
				
		 	(2)	  	 ̈	  	Pursuant to an effective registration statement under the Securities Act of 1933; or
				
		 	(3)	  	 ̈	  	Inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) that purchases for its own account or for the
account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933; or
				
		 	(4)	  	 ̈	  	Outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933;
or
				
		 	(5)	  	 ̈	  	To an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) and (7) under the Securities Act of 1933) that has furnished to the Trustee a signed
letter containing certain representations and agreements (the form of which letter can be obtained from the Trustee or the Company); or
				
		 	(6)	  	 ̈	  	Pursuant to another available exemption from registration provided by Rule 144 under the Securities Act of 1933

  
 A-1-10

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this
certificate in the name of any person other than the registered holder thereof; provided, however, that if box (4), (5) or (6) is checked, the Trustee may require, prior to registering any such transfer of the Notes, such
legal opinions, certifications and other information as the Company has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act of 1933. 
  

							
		 		 	  
 Your
Signature

			
	Signature Guarantee:	 	  
	 	
		 	Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor acceptable to the Trustee	 	

  

							
	Date:	 	  
	 		 	  

		 		 		 	 Signature of Signature Guarantee

  
 A-1-11

 TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, and is aware that the sale to it is being made in reliance on Rule
144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the
undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

							
	Dated:	 	  
	 		 	  

		 		 		 	NOTICE: To be executed by an executive officer

  
 A-1-12

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The initial principal amount of this Global Note is $[            ]. The following increases or decreases in this Global Note have been made:

  

									
	 Date of
 Exchange
	  	
Amount of decrease in
Principal Amount of this
Global Note
	  	 Amount of increase in

Principal Amount of this
 Global Note
	  	 Principal amount of this
Global Note
following
such decrease or increase
	  	 Signature of authorized
signatory of Trustee
or
Notes Custodian

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

  
 A-1-13

 LEVI STRAUSS & CO. 6 7/8% SENIOR NOTES DUE 2022 

OPTION OF HOLDER TO ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Company pursuant to Section 4.07 (Asset Sale) or 4.12 (Change of Control) of the Indenture, check the box: 

 

                     ̈ 
 If you want to elect to have only part of this Note purchased by the Company
pursuant to Section 4.07 or 4.12 of the Indenture, state the amount: 
 $ 

 

							
	Date:	 	  
	 	Your Signature:	 	  

		 		 		 	(Sign exactly as your name appears on the other side of the Note)

 

							
	Signature Guarantee:	 	  
	 		 	
		 	Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor acceptable to the Trustee	 		 	

  

  
 A-1-14

 EXHIBIT B 
 Form of 
 Transferee Letter of Representation 

Levi Strauss & Co. 
 In care of

 Wells Fargo Bank, National Association, as Trustee 
 707 Wilshire Boulevard 
 Los Angeles, CA 90017 

Facsimile: (213) 614-3355 
 Attention of:
Corporate Trust Department 
 Ladies and Gentlemen: 

This certificate is delivered to request a transfer of $[        ] principal
amount of the 6 7/8% Senior Notes due 2022 [CUSIP
Number] (the “Notes”) of LEVI STRAUSS & CO. (the “Company”). 
 Upon transfer, the Notes
would be registered in the name of the new beneficial owner as follows: 
  

			
	Name:	 	  

		
	Address:	 	  

 

			
	Taxpayer ID Number:	 	  

 The undersigned represents and warrants to you that: 

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

2. We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as
permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is two years after the later of the date
of original issue and the last date on which the Company or any affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only (a) to the Company, (b) pursuant
to a registration statement that has been declared effective under the Securities Act, (c) in a transaction complying with the requirements of Rule 144A under the Securities Act (“Rule 144A”), to a person we reasonably believe is a
qualified institutional buyer under Rule 144A (a “QIB”) that is purchasing for its own account or for the account of a QIB and to whom notice is given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers
and sales that occur outside the United States within the meaning of Regulation S under the Securities Act, (e) to an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the
Securities Act that is purchasing for its own account or for the account of such an institutional “accredited investor,” or (f) pursuant to any other available exemption from the registration requirements of the Securities Act,
subject in each of the foregoing cases to any requirement of law that the disposition of our property or the property of such investor account or accounts be at all times within our or their control and in compliance with any applicable state
securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant

  
 B-1

 
to clause (e) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the Company and
the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such
Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Company and the Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction
Termination Date of the Notes pursuant to clause (d), (e) or (f) above to require the delivery of an opinion of counsel, certifications or other information satisfactory to the Company and the Trustee. 

 

			
	 TRANSFEREE:
	 	                             
                             
,

  

			
	 By:
	 	  

  
 A-1-2First Supplemental Indenture

 Exhibit 4.2 
 LEVI STRAUSS & CO. 
 8 7/8% Senior Notes due 2016 

 
  

FIRST SUPPLEMENTAL INDENTURE 
 dated as of May 8, 2012 
 to 

INDENTURE 

dated as of March 17, 2006 
  

 
 WILMINGTON
TRUST COMPANY, 
 Trustee 

 FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
May 8, 2012, between LEVI STRAUSS & CO., a Delaware corporation (the “Company”), and WILMINGTON TRUST COMPANY, as trustee (the “Trustee”). 

WHEREAS, the Company and the Trustee are parties to an Indenture, dated as of March 17, 2006 (the
“Indenture”), pursuant to which the Company issued $350,000,000 aggregate principal amount of 8 7/8% Senior Notes due 2016 (the “Securities”); 
 WHEREAS, pursuant to Section 9.02 of the Indenture, the Company and the Trustee may amend certain terms of the Indenture with the written consent of the Holders (as defined in the Indenture) of at
least a majority in aggregate principal amount of the Securities then outstanding; 
 WHEREAS, the Company has offered to
purchase for cash all of the Securities (the “Offer”) and has solicited consents (the “Solicitation”) to certain amendments to the Indenture (the “Proposed Amendments”) pursuant to the
Company’s Offer to Purchase and Consent Solicitation Statement dated April 24, 2012 (the “Solicitation Statement”); 
 WHEREAS, the Company has obtained the written consent to the Proposed Amendments to the Indenture from the Holders of at least a majority in aggregate principal amount of the Securities (the
“Requisite Consents”); 
 WHEREAS, the Holders who have delivered the Requisite Consents have waived any rights
to withdraw such consents pursuant to the Indenture; 
 WHEREAS, the execution and delivery of this Supplemental Indenture have
been duly authorized by the parties hereto, and all conditions and requirements necessary to make this instrument a valid and binding agreement have been duly performed and complied with; 

WHEREAS, the Trustee is indemnified pursuant to Section 7.07 of the Indenture in connection with the Trustee’s execution of
this Supplemental Indenture; and 
 WHEREAS, the Company has heretofore delivered or is delivering contemporaneously herewith to
the Trustee (i) a copy of the resolutions of the Board of Directors of the Company authorizing the execution of this Supplemental Indenture, (ii) confirmation from Global Bondholder Services Corporation, as tender agent for the
Solicitation, of the receipt from Holders of the Requisite Consents, and (iii) the Officers’ Certificate and the Opinion of Counsel described in Sections 9.06 and 10.04 of the Indenture. 

  
 1 

 NOW, THEREFORE, for and in consideration of the foregoing premises, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities, as follows: 
 ARTICLE I

 AMENDMENTS TO INDENTURE 
 SECTION 1.01. Amendments. 
 At such time as the Company delivers written
notice to the Trustee that Securities representing at least a majority in aggregate principal amount of the Securities validly tendered and not validly withdrawn pursuant to the Offer have been accepted for purchase: 

(a) Section 3.03 of the Indenture shall be amended and restated in its entirety to read as follows: 

“SECTION 3.03. Notice of Redemption. At least 3 business days but not more than 60 days before a date for
redemption of Securities, the Company shall mail a notice of redemption by first-class mail to each Holder of Securities to be redeemed. 
 The notice shall identify the Securities to be redeemed and shall state: 
 (1) the redemption date; 
 (2) the redemption price or the
information specified in clause (c) of paragraph 5 of the Securities; 
 (3) the name and address of the
Paying Agent; 
 (4) that Securities called for redemption must be surrendered to the Paying Agent to collect the
redemption price; 
 (5) if fewer than all the outstanding Securities are to be redeemed, the identification and
principal amounts of the particular Securities to be redeemed; 
 (6) that, unless the Company defaults in making
such redemption payment, interest on Securities (or portion thereof) called for redemption ceases to accrue on and after the redemption date; and 
 (7) that no representation is made as to the correctness or accuracy of the CUSIP, ISIN or Common Code number, if any, listed in such notice or printed on the Securities. 

At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at the
Company’s expense. In such event, the Company shall provide the Trustee with the information required by this Section at least 15 days before the redemption date. 

If the Company elects to provide, in lieu of the redemption price, the information specified in clause (c) of
paragraph 5 of the Securities in the notice of redemption, the Trustee shall give the notice of the redemption price, in the Company’s name and the Company’s expense, one business day prior to the redemption date.” 

  
 2 

 (b) Section 4.01 of the Indenture shall be amended and restated in its entirety to read
as follows: 
 “SECTION 4.01. Covenant Suspension. After such time as: 

(a) the Securities have Investment Grade Ratings from both Rating Agencies, and 

(b) no Default or Event of Default has occurred and is continuing under this Indenture, 

the Company and the Restricted Subsidiaries will not be subject to the following Sections of this Indenture: Section 4.07(the
“Suspended Covenants”).” 
 (c) Sections 4.03 through 4.06 shall be amended and restated in their entirety to
read as follows: 
  

			
	“SECTION 4.03	  	[Intentionally Omitted]
		
	SECTION 4.04	  	[Intentionally Omitted]
		
	SECTION 4.05	  	[Intentionally Omitted]
		
	SECTION 4.06	  	[Intentionally Omitted]”

 (d) Section 4.07 of the Indenture shall be amended and restated in its entirety to read as follows:

 “SECTION 4.07. Limitation on Asset Sales. 

(a) [Intentionally omitted] 
 (b) The Net Available Cash (or any portion thereof) from Asset Sales may be applied by the Company or a Restricted Subsidiary, to the extent the Company or such Restricted Subsidiary elects (or is
required by the terms of any Debt): 
 (i) to Repay Debt of the Company (excluding, in any such case, any Debt
that (A) constitutes a Subordinated Obligation or (B) is owed to the Company or an Affiliate of the Company); or 
 (ii) to reinvest in Additional Assets (including by means of an Investment in Additional Assets by a Restricted Subsidiary with Net Available Cash received by the Company or another Restricted
Subsidiary), provided, however, that the Net Available Cash (or any portion thereof) from Asset Sales from the Company to any Subsidiary must be reinvested in Additional Assets of the Company. 

(c) Any Net Available Cash from an Asset Sale not applied in accordance with the preceding paragraph within 360 days from
the date of the receipt of such Net Available Cash or that the Company earlier elects to so designate shall constitute “Excess Proceeds”. 

  
 3 

 When the aggregate amount of Excess Proceeds not previously subject to a
Prepayment Offer (as defined below) exceeds $10.0 million (taking into account income earned on those Excess Proceeds, if any), the Company will be required to make an offer to purchase (the “Prepayment Offer”) the Securities, which offer
shall be in the amount of the Allocable Excess Proceeds, on a pro rata basis according to principal amount, at a purchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the purchase date (subject to
the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), in accordance with the procedures (including prorating in the event of oversubscription) set forth in this Indenture. To the
extent that any portion of the amount of Net Available Cash remains after compliance with the preceding sentence and provided that all Holders of Securities have been given the opportunity to tender their Securities for purchase in accordance with
this Indenture, the Company or such Restricted Subsidiary may use the remaining amount for any purpose permitted by this Indenture and the amount of Excess Proceeds will be reset to zero. 

The term “Allocable Excess Proceeds” will mean the product of: 

(a) the Excess Proceeds, and 
 (b) a fraction, 
 (1) the numerator of which is the aggregate
principal amount of the Securities outstanding on the date of the Prepayment Offer, and 
 (2) the denominator of
which is the sum of the aggregate principal amount of the Securities outstanding on the date of the Prepayment Offer and the aggregate principal amount of other Debt of the Company outstanding on the date of the Prepayment Offer that is pari
passu in right of payment with the Securities and subject to terms and conditions in respect of Asset Sales similar in all material respects to the covenant described hereunder and requiring the Company to make an offer to purchase such Debt
at substantially the same time as the Prepayment Offer. 
 (d)(1) Not later than five Business Days after the
Company is obligated to make a Prepayment Offer as described in the preceding paragraph, the Company shall send a written notice, by first-class mail, to the Holders of Securities, accompanied by information regarding the Company and its
Subsidiaries as the Company in good faith believes will enable the Holders to make an informed decision with respect to that Prepayment Offer. The notice shall state, among other things, the purchase price and the purchase date, which shall be,
subject to any contrary requirements of applicable law, a Business Day no earlier than 30 days nor later than 60 days from the date the notice is mailed. 

  
 4 

 (2) Not later than the date upon which written notice of a Prepayment Offer
is delivered to the Trustee as provided above, the Company shall deliver to the Trustee an Officers’ Certificate as to (i) the amount of the Prepayment Offer (the “Offer Amount”), (ii) the allocation of the Net Available
Cash from the Asset Sales pursuant to which such Prepayment Offer is being made and (iii) the compliance of such allocation with the provisions of Section 4.07(c). On or before the Purchase Date, the Company shall also irrevocably deposit
with the Trustee or with the Paying Agent (or, if the Company or a Wholly Owned Subsidiary is the Paying Agent, shall segregate and hold in trust) in Temporary Cash Investments (other than in those enumerated in clause (b) of the definition of
Temporary Cash Investments), maturing on the last day prior to the Purchase Date or on the Purchase Date if funds are immediately available by open of business, an amount equal to the Offer Amount to be held for payment in accordance with the
provisions of this Section. Upon the expiration of the period for which the Prepayment Offer remains open (the “Offer Period”), the Company shall deliver to the Trustee for cancellation the Securities or portions thereof that have been
properly tendered to and are to be accepted by the Company. The Trustee or the Paying Agent shall, on the Purchase Date, mail or deliver payment to each tendering Holder in the amount of the purchase price. In the event that the aggregate purchase
price of the Securities delivered by the Company to the Trustee is less than the Offer Amount, the Trustee or the Paying Agent shall deliver the excess to the Company immediately after the expiration of the Offer Period for application in accordance
with this Section. 
 (3) Holders electing to have a Security purchased shall be required to surrender the
Security, with an appropriate form duly completed, to the Company or its agent at the address specified in the notice at least three Business Days prior to the Purchase Date. Holders shall be entitled to withdraw their election if the Trustee or the
Company receives not later than one Business Day prior to the Purchase Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Security that was delivered for purchase by the Holder
and a statement that such Holder is withdrawing its election to have such Security purchased. If at the expiration of the Offer Period the aggregate principal amount of Securities surrendered by Holders exceeds the Offer Amount, the Company shall
select the Securities to be purchased on a pro rata basis for all Securities, (with such adjustments as may be deemed appropriate by the Company so that only Securities in denominations of $10,000, or integral multiples of $1,000 thereafter, shall
be purchased). Holders whose Securities are purchased only in part shall be issued new Securities equal in principal amount to the unpurchased portion of the Securities surrendered. 

(4) At the time the Company delivers Securities to the Trustee that are to be accepted for purchase, the Company shall
also deliver an Officers’ Certificate stating that such Securities are to be accepted by the Company pursuant to and in accordance with the terms of this Section. A Security shall be deemed to have been accepted for purchase at the time the
Trustee or the Paying Agent mails or delivers payment therefor to the surrendering Holder. 

  
 5 

 (e) The Company will comply, to the extent applicable, with the requirements
of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Securities pursuant to this Section. To the extent that the provisions of any securities laws or regulations conflict with
provisions of this Section, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section by virtue thereof.” 

(e) Sections 4.08 through 4.11 shall be amended and restated in their entirety to read as follows: 

 

			
	“SECTION 4.08	  	[Intentionally Omitted]
		
	SECTION 4.09	  	[Intentionally Omitted]
		
	SECTION 4.10	  	[Intentionally Omitted]
		
	SECTION 4.11	  	[Intentionally Omitted]”

 (f) Section 5.01 of the Indenture shall be amended and restated in its entirety to read as follows:

 “SECTION 5.01. When Company May Merge or Transfer Assets. The Company shall not merge, consolidate
or amalgamate with or into any other Person (other than a merger of a Wholly Owned Restricted Subsidiary into the Company) or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all its Property in any one transaction
or series of transactions unless: 
 (a) the Company shall be the surviving Person (the “Surviving
Person”) or the Surviving Person (if other than the Company) formed by that merger, consolidation or amalgamation or to which that sale, transfer, assignment, lease, conveyance or disposition is made shall be a corporation organized and
existing under the laws of the United States of America, any State thereof or the District of Columbia; 
 (b)
the Surviving Person (if other than the Company) expressly assumes, by supplemental indenture in form satisfactory to the Trustee, executed and delivered to the Trustee by that Surviving Person, the due and punctual payment of the principal of, and
premium, if any, and interest on, all the Securities, according to their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture to be performed by the Company; 

(c) in the case of a sale, transfer, assignment, lease, conveyance or other disposition of all or substantially all the
Property of the Company, that Property shall have been transferred as an entirety or virtually as an entirety to one Person; 
 (d) immediately before and after giving effect to that transaction or series of transactions on a pro forma basis (and treating, for purposes of this clause (d) and clause (e) below, any Debt
that becomes, or is anticipated to 

  
 6 

 
become, an obligation of the Surviving Person or any Restricted Subsidiary as a result of that transaction or series of transactions as having been Incurred by the Surviving Person or the
Restricted Subsidiary at the time of that transaction or series of transactions), no Default or Event of Default shall have occurred and be continuing; 
 (e) [Intentionally Omitted] 
 (f) the Company shall deliver, or
cause to be delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that the transaction and the supplemental indenture, if any, in respect
thereto comply with this Section and that all conditions precedent herein provided for relating to the transaction have been satisfied; and 
 (g) the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders will not recognize income, gain or loss for Federal income tax purposes as a result of the
transaction and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if that transaction had not occurred. 

The Surviving Person shall succeed to, and be substituted for, and may exercise every right and power of the Company under
this Indenture, but the predecessor Company in the case of: 
 (a) a sale, transfer, assignment, conveyance or
other disposition (unless that sale, transfer, assignment, conveyance or other disposition is of all the assets of the Company as an entirety or virtually as an entirety), or 

(b) a lease, 
 shall not be released from any obligation to pay the principal of, premium, if any, and interest on, the Securities. 
 (g) Section 6.01 of the Indenture shall be amended and restated in its entirety to read as follows: 
 “SECTION 6.01. Events of Default. The following events shall be “Events of Default”: 
 (1) the Company defaults in any payment of interest on any Security when the same becomes due and payable, and such default continues for a period of 30 days; 

(2) the Company defaults in the payment of the principal of, or premium, if any, on any Security when the same becomes due
and payable at its Stated Maturity, upon acceleration, redemption, optional redemption, required repurchase or otherwise; 
 (3) the Company fails to comply with Article 5; 

  
 7 

 (4) the Company fails to comply with any covenant or agreement in the
Securities or in this Indenture (other than a failure that is the subject of the foregoing clause (1), (2) or (3)) and such failure continues for 30 days after written notice is given to the Company as specified below; 

(5) [Intentionally Omitted] 
 (6) the Company or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 
 (A) commences a voluntary case; 
 (B) consents to the entry of an
order for relief against it in an involuntary case; 
 (C) consents to the appointment of a Custodian of it or
for any substantial part of its property; or 
 (D) makes a general assignment for the benefit of its creditors;
or takes any comparable action under any foreign laws relating to insolvency; or 
 (7) a court of competent
jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A) is for relief against the Company or
any Significant Subsidiary in an involuntary case; 
 (B) appoints a Custodian of the Company or any Significant
Subsidiary or for any substantial part of its property; 
 (C) orders the winding up or liquidation of the
Company or any Significant Subsidiary; or 
 (D) grants any similar relief under any foreign laws; 

and in each such case the order or decree remains unstayed and in effect for 30 days. 

(8) [Intentionally Omitted] 
 The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any administrative or governmental body. 
 The
term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official
under any Bankruptcy Law. 

  
 8 

 A Default under clause (4) is not an Event of Default until the Trustee
or the Holders of at least 25% in aggregate principal amount of the Securities then outstanding notify the Company (and in the case of such notice by Holders, the Trustee) of the Default and the Company does not cure that Default within the time
specified after receipt of such notice. The notice must specify the Default, demand that it be remedied and state that such notice is a “Notice of Default”. 

The Company shall deliver to the Trustee, within 30 days after the occurrence thereof, written notice in the form of an
Officers’ Certificate of any Event of Default and any event that with the giving of notice or the lapse of time would become an Event of Default, its status and what action the Company is taking or proposes to take with respect thereto.”

 (h) All references in the Indenture or the Securities to a provision deleted pursuant to the amendments set forth in
Subsections (i) through (vii) of this Section 1.01 shall be deleted in their entirety from the Indenture and the Securities, and any definitions used exclusively in the provisions of the Indenture deleted pursuant to the amendments
set forth in Subsections (i) through (vii) of this Section 1.01 shall be deleted in their entirety from the Indenture. The requirement of any provision of the Indenture that any action on behalf of the Company or the Trustee be taken
in accordance with or pursuant to any of the provisions of the Indenture that are deleted pursuant to Subsections (i) through (vii) of this Section 1.01 shall be disregarded and the Company or the Trustee shall be deemed to have taken
such action in accordance with and pursuant to such deleted provision. None of the Company, the Trustee or other parties to or beneficiaries of the Indenture shall have any rights, obligations or liabilities under any of the provisions of the
Indenture that are deleted pursuant to Subsections (i) through (vii) of this Section 1.01, and such deleted provisions shall not be considered in determining whether an Event of Default has occurred or whether the Company has
observed, performed or complied with the provisions of the Indenture. 
 ARTICLE II 

GENERAL PROVISIONS 
 SECTION 2.01. The Indenture Ratified. Except as expressly modified herein, the Indenture is in all respects ratified and confirmed, and all the terms, provisions, and conditions thereof shall be
and remain in full force and effect. 
 SECTION 2.02. Counterparts. This Supplemental Indenture may be executed in
any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 
 SECTION 2.03. This Supplemental Indenture is a Supplement to The Indenture. This Supplemental Indenture is executed as and shall constitute an indenture supplemental to the Indenture and
shall be construed in connection with and as part of the Indenture. Subject to Section 10.01 of the Indenture, in the case of conflict between the Indenture and this Supplemental Indenture, the provisions of this Supplemental Indenture shall
control. 
 SECTION 2.04. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF 

  
 9 

 
CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE JURISDICTION OF THE COURTS OF
THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE. 
 SECTION 2.05.
References to This Supplemental Indenture. Any and all notices, requests, certificates and other instruments executed and delivered after the execution and delivery of this Supplemental Indenture may refer to the Indenture without
making specific reference to this Supplemental Indenture, but nevertheless all such references shall include this Supplemental Indenture unless the context otherwise requires. 
 SECTION 2.06. Effect of This Supplemental Indenture. The Indenture shall be deemed to be modified as herein provided, but except as modified hereby, the Indenture shall continue in full force and
effect. The Indenture as modified hereby shall be read, taken, and construed as one and the same instrument. 
 SECTION 2.07.
Severability. In the event that any provisions of this Supplemental Indenture shall be invalid, illegal, or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby. 
 SECTION 2.08. Trust Indenture Act. If any provisions hereof limit, qualify, or conflict with
any provisions of the TIA required under the TIA to be a part of and govern this Supplemental Indenture, the provisions of the TIA shall control. If any provision hereof modifies or excludes any provision of the TIA that pursuant to the TIA may be
so modified or excluded, the provisions of the TIA as so modified or excluded hereby shall apply. 
 SECTION 2.09. Trustee
Not Responsible for Recitals. The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to, and shall not be
responsible in any manner for or in respect of, the validity or sufficiency of this Supplemental Indenture. 
 In entering into
this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection or indemnity to the Trustee, whether or not elsewhere herein so
provided. 
 SECTION 2.10. Effectiveness. This Supplemental Indenture shall be effective and binding immediately upon its
execution by the Company and the Trustee. 
 SECTION 2.11. Capitalized Terms. Capitalized terms used herein but not
defined shall have the meanings assigned to them in the Indenture. 
 [Signature Page Follows] 

  
 10 

 IN WITNESS WHEREOF, each of the parties hereto have caused this Supplemental Indenture to be
duly executed on its behalf by its duly authorized officer as of the day and year first above written. 
  

			
	The Company:
	
	LEVI STRAUSS & CO.
		
	By:	 	 /s/ Johan Nystedt

	Name:	 	Johan Nystedt
	Title:	 	Vice President and Global Treasurer
	
	Trustee:
	
	WILMINGTON TRUST COMPANY
		
	By:	 	 /s/ Michael G. Oller Jr.

	Name:	 	Michael G. Oller, Jr.
	Title:	 	Assistant Vice President

 [SIGNATURE PAGE TO FIRST SUPPLEMENTAL INDENTURE TO 2006 INDENTURE]

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