Document:

EX-4.8

 Exhibit 4.8 

EXECUTION VERSION 
 REGISTRATION
RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT, dated as of July 2, 2015 (this “Agreement”), is entered
into by and among H. J. Heinz Company, a Pennsylvania corporation (the “Company”), H.J. Heinz Holding Corporation, a Delaware corporation (“Holdings” or the “Guarantor”), as a Guarantor, and
Barclays Capital Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC, for themselves and on behalf of the other initial purchasers set forth on Schedule I to the Purchase Agreement (as defined below) (the
“Initial Purchasers”). 
 Holdings, the Company and the Initial Purchasers are parties to the Purchase Agreement dated
June 23, 2015 (the “Purchase Agreement”), which provides for the sale by the Company to the Initial Purchasers of $1,000,000,000 aggregate principal amount of its 1.60% senior notes due 2017 (the “2017 Notes”),
$1,500,000,000 aggregate principal amount of 2.00% senior notes due 2018 (the “2018 Notes”), $1,500,000,000 aggregate principal amount of 2.80% senior notes due 2020 (the “2020 Notes”), $1,000,000,000 aggregate
principal amount of 3.50% senior notes due 2022 (the “2022 Notes”), $2,000,000,000 aggregate principal amount of 3.95% senior notes due 2025 (the “2025 Notes”), $1,000,000,000 aggregate principal amount of 5.00%
senior notes due 2035 (the “2035 Notes”) and $2,000,000,000 aggregate principal amount of 5.20% senior notes due 2045 (the “2045 Notes”) (collectively, the “Notes” and, together with the Guarantee
(as defined below), the “Securities”). 
 As an inducement to the Initial Purchasers to enter into the Purchase Agreement,
the Company and Holdings have agreed to provide to the Initial Purchasers and the Market Maker (as defined herein) and their direct and indirect transferees the registration rights set forth in this Agreement. The execution and delivery of this
Agreement is a condition to the closing under the Purchase Agreement. 
 The Notes will be issued by the Company and guaranteed by Holdings
on a senior unsecured basis. 
 In consideration of the foregoing, the parties hereto agree as follows: 

1. Definitions. As used in this Agreement, the following terms shall have the following meanings: 

“Agreement” shall have the meaning set forth in the preamble. 

“Business Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed. 
 “Closing Date” shall have the meaning set forth in the Purchase
Agreement. 
 “Company” shall have the meaning set forth in the preamble. 

 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from
time to time. 
 “Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof. 

“Exchange Offer” shall mean the exchange offer by the Company and the Guarantor of Exchange Securities for Registrable
Securities pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration” shall mean a registration under the
Securities Act effected pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration Statement” shall mean an
exchange offer registration statement on Form S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus contained therein or deemed a part thereof,
all exhibits thereto and any document incorporated by reference therein. 
 “Exchange Securities” shall mean senior
unsecured notes issued by the Company and guaranteed by the Guarantor under the Indenture containing terms identical to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or to any increase in annual
interest rate for failure to comply with this Agreement) and to be offered to Holders of Registrable Securities in exchange for Securities pursuant to the Exchange Offer. 

“FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared by or
on behalf of the Company or used or referred to by the Company in connection with the sale of the Securities or the Exchange Securities. 

“Guarantee” shall mean the guarantee of the Notes and guarantee of the Exchange Securities, by the Guarantor under the
Indenture. 
 “Guarantor” shall have the meaning set forth in the preamble. 

“Holder Notice” shall have the meaning set forth in Section 2(b) hereof. 

“Holders” shall mean the Initial Purchasers, for so long as they own any Registrable Securities, and each of their
successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that for purposes of Sections 4 and 7 of this Agreement, the term “Holders” shall include
Participating Broker-Dealers and, where the context requires, the Market Maker. 
 “Holdings” shall have the meaning set
forth in the preamble. 
 “Indemnified Person” shall have the meaning set forth in Section 6(d) hereof. 

  
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 “Indemnifying Person” shall have the meaning set forth in Section 6(d)
hereof. 
 “Indenture” shall mean the Indenture relating to the Securities dated as of July 1, 2015, among the
Company, Holdings and Wells Fargo Bank, National Association, as trustee, as the same may be amended and supplemented (including by the Supplemental Indenture dated as of July 2, 2015 relating to the Securities) from time to time in accordance
with the terms thereof. 
 “Initial Purchasers” shall have the meaning set forth in the preamble. 

“Inspector” shall have the meaning set forth in Section 3(a)(xiv) hereof. 

“Issuer Information” shall have the meaning set forth in Section 6(a) hereof. 

“Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding Registrable
Securities; provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable Securities owned directly or indirectly by the Company or any of its affiliates
(other than the Market Maker) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage or amount; and provided, further, that if the Company shall issue any additional
Securities under the Indenture prior to consummation of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities to which this Agreement relates shall be
treated together as one class for purposes of determining whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 

“Market Maker” shall have the meaning set forth in Section 5(a) hereof. 

“Market Maker’s Information” shall have the meaning set forth in Section 5(d) hereof. 

“Market Making Registration Statement” shall mean the registration statement referred to in Section 5(a)(i) hereof and
all amendments and supplements to any such registration statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference
therein. 
 “Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof. 

“Person” shall mean an individual, partnership, limited liability company, corporation, trust or unincorporated organization,
or a government or agency or political subdivision thereof. 

  
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 “Prospectus” shall mean the prospectus included in, or, pursuant to the rules
and regulations of the Securities Act, deemed a part of, a Registration Statement, including (i) any preliminary prospectus and (ii) any such prospectus as amended or supplemented by any prospectus supplement, including a prospectus
supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document
incorporated by reference therein. 
 “Purchase Agreement” shall have the meaning set forth in the preamble. 

“Registrable Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable
Securities (i) when a Registration Statement with respect to such Securities has become effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to such Registration Statement or (ii) when such
Securities cease to be outstanding. 
 “Registration Expenses” shall mean any and all expenses incident to performance of
or compliance by the Company and the Guarantor with this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing fees, (ii) all fees and expenses incurred in connection with compliance with
state securities or blue sky laws (including reasonable fees and disbursements of one firm of counsel for any Underwriters or Holders in connection with blue sky qualification of any Exchange Securities or Registrable Securities, which firm shall be
selected by the Underwriters or the Majority Holders), (iii) the costs incident to the preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any Free Writing Prospectus and any amendments or
supplements thereto, any underwriting agreements, securities sales agreements or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees, (v) all fees
and disbursements relating to the qualification of the Indenture under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the Company and the
Guarantor and, in the case of a Shelf Registration Statement, the fees and disbursements of one counsel for the Holders (which counsel shall be selected by the Majority Holders and which counsel may also be counsel for the Initial Purchasers),
(viii) the fees and disbursements of counsel for the Market Maker and (ix) the fees and disbursements of the independent public accountants of the Company and the Guarantor, including the expenses of any special audits or
“comfort” letters required by or incident to the performance of and compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or the
Holders and underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. 

“Registration Statement” shall mean any registration statement of the Company and the Guarantor that covers any of the
Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement including, without limitation, the Market Making Registration Statement, and all amendments and supplements to any such registration statement, including
post-effective amendments, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

  
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 “SEC” shall mean the United States Securities and Exchange Commission. 

“Securities” shall have the meaning set forth in the preamble. 

“Securities Act” shall mean the Securities Act of 1933, as amended from time to time. 

“Shelf Additional Interest Date” shall have the meaning set forth in Section 2(d) hereof. 

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Company and the Guarantor that
covers all or a portion of the Registrable Securities (but no other securities unless approved by a majority of the Holders whose Registrable Securities are to be covered by such Shelf Registration Statement) on an appropriate form under Rule 415
under the Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a
part thereof, all exhibits thereto and any document incorporated by reference therein. 
 “Shelf Request” shall have the
meaning set forth in Section 2(b) hereof. 
 “Staff” shall mean the staff of the SEC. 

“Target Registration Date” shall mean the date which is 455 days from the Closing Date. 

“Trigger Date” shall have the meaning set forth in Section 2(d) hereof. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time. 

“Trustee” shall mean the trustee with respect to the Securities under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof. 

“Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for reoffering to
the public. 
 “Wells Fargo” shall mean Wells Fargo Securities, LLC. 

  
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 2. Registration Under the Securities Act. 

(a) To the extent not prohibited by any applicable law or applicable interpretations of the Staff, the Company and the Guarantor shall use
their reasonable best efforts to (i) cause to be filed an Exchange Offer Registration Statement covering an offer to the Holders to exchange all the Registrable Securities for Exchange Securities and (ii) have such Registration Statement
remain effective until 180 days after the date the Exchange Offer Registration Statement became effective for use by one or more Participating Broker-Dealers. The Company and the Guarantor shall commence the Exchange Offer promptly after the
Exchange Offer Registration Statement is declared effective by the SEC and use their reasonable best efforts to complete the Exchange Offer not later than the Target Registration Date. 

The Company and the Guarantor shall commence the Exchange Offer by mailing the related Prospectus, appropriate letters of transmittal and
other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law, substantially the following: 

(i) that the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and
not properly withdrawn will be accepted for exchange; 
 (ii) the dates of acceptance for exchange (which shall be a period
of at least 20 Business Days (in accordance with the Exchange Act) from the date such notice is mailed) (the “Exchange Dates”); 

(iii) that any Registrable Security not tendered will remain outstanding and continue to accrue interest but will not retain
any rights under this Agreement, except as otherwise specified herein; 
 (iv) that any Holder electing to have a Registrable
Security exchanged pursuant to the Exchange Offer will be required to (A) surrender such Registrable Security, together with the appropriate letters of transmittal, to the institution and at the address (located in the Borough of Manhattan, The
City of New York) and in the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such Registrable Security, in each case prior to the close of business on the
last Exchange Date; and 
 (v) that any Holder will be entitled to withdraw its election, not later than the close of
business on the last Exchange Date, by (A) sending to the institution and at the address (located in the Borough of Manhattan, The City of New York) specified in the notice, a telegram, telex, facsimile transmission or letter setting forth the
name of such Holder, the principal amount of Registrable Securities delivered for exchange, such other information as may be reasonably required to identify the Securities to be withdrawn and a statement that such Holder is withdrawing its election
to have such Securities exchanged or (B) effecting such withdrawal in compliance with the applicable procedures of the depositary for the Registrable Securities. 

  
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 As a condition to participating in the Exchange Offer, a Holder will be required to represent to
the Company and the Guarantor that (i) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (ii) at the time of the commencement of the Exchange Offer it has no arrangement or understanding
with any Person to participate in the distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the Securities Act, (iii) it is not an “affiliate” (within the meaning of Rule 405 under the
Securities Act) of the Company or any Guarantor or, if it is such an “affiliate,” such Holder will comply with the prospectus delivery requirements of the Securities Act to the extent applicable in connection with any resale of the
Exchange Securities and (iv) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable Securities that were acquired as a result of market making or other trading activities, then
such Holder will comply with the prospectus delivery requirements of the Securities Act, to the extent applicable, in connection with any resale of the Exchange Securities. Each Holder hereby acknowledges and agrees that any broker-dealer and any
such Holder using the Exchange Offer to participate in a distribution of the securities to be acquired in the Exchange Offer (1) could not under SEC policy as in effect on the date of this Agreement rely on the position of the SEC enunciated in
Morgan Stanley and Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation (available May 13, 1988), as interpreted in the SEC’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action
letters, and (2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction and that such a secondary resale transaction should be covered by an effective
registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K if the resales are of Exchange Securities obtained by such Holder in exchange for Registrable Securities
acquired by such Holder directly from the Company. 
 As soon as practicable after the last Exchange Date, the Company and the Guarantor
shall: 
 (i) accept for exchange Registrable Securities or portions thereof validly tendered and not properly withdrawn
pursuant to the Exchange Offer; and 
 (ii) deliver, or cause to be delivered, to the Trustee for cancellation all
Registrable Securities or portions thereof so accepted for exchange by the Company and issue, and cause the Trustee to promptly authenticate and deliver to each Holder, Exchange Securities equal in principal amount to the principal amount of the
Registrable Securities tendered by such Holder. 
 The Company and the Guarantor shall use their reasonable best efforts to complete the
Exchange Offer as provided above and shall comply with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer shall not be

  
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subject to any conditions, other than that the Exchange Offer does not violate any applicable law or applicable interpretations of the Staff and customary conditions relating to the delivery of
Securities or other actions customarily taken by Holders participating in the Exchange Offer or the execution and delivery of customary documentation relating to the Exchange Offer. 

(b) In the event that (i) the Company and the Guarantor determine that the Exchange Offer Registration provided for in Section 2(a)
above is not available or may not be completed as soon as practicable after the last Exchange Date because it would violate any applicable law or applicable interpretations of the Staff, (ii) a Holder participating in the Exchange Offer does
not receive Exchange Securities on the date of the exchange that may be sold without restriction under state and federal securities laws (other than due solely to the status of such Holder as an affiliate of the Company within the meaning of the
Securities Act) and notifies (a “Holder Notice”) the Company within 30 days after such Holder first becomes aware of such restrictions, (iii) the Exchange Offer is not for any other reason completed by the Target Registration
Date or (iv) upon receipt of a written request (a “Shelf Request”) from any Initial Purchaser representing that it holds Registrable Securities that are or were ineligible to be exchanged in the Exchange Offer, the Company and
the Guarantor shall use their reasonable best efforts to cause to be filed, as soon as practicable after such determination, date, Holder Notice or Shelf Request, as the case may be, a Shelf Registration Statement providing for the sale of all the
Registrable Securities by the Holders thereof and to have such Shelf Registration Statement become effective. 
 In the event that the
Company and the Guarantor are required to file a Shelf Registration Statement pursuant to clause (iii) or (iv) of the preceding sentence, the Company and the Guarantor shall use their reasonable best efforts to file and have become
effective both an Exchange Offer Registration Statement pursuant to Section 2(a) with respect to all Registrable Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration
Statement) with respect to offers and sales of Registrable Securities held by the Initial Purchasers after completion of the Exchange Offer. 

The Company and the Guarantor agree to use their reasonable best efforts to keep the Shelf Registration Statement continuously effective for a
period of one year from the effective date of such Shelf Registration Statement or such shorter period that will terminate when the Securities covered by the Shelf Registration Statement cease to be Registrable Securities (the “Shelf
Effectiveness Period”). The Company and the Guarantor further agree to supplement or amend the Shelf Registration Statement, the related Prospectus and any Free Writing Prospectus if required by the rules, regulations or instructions
applicable to the registration form used by the Company for such Shelf Registration Statement or by the Securities Act or by any other rules and regulations thereunder or if reasonably requested by a Holder of Registrable Securities with respect to
information relating to such Holder, and to use their reasonable best efforts to cause any such amendment to become effective, if required, and such Shelf Registration Statement, Prospectus or Free Writing Prospectus, as the case may be, to become
usable as soon as thereafter practicable. The Company and the Guarantor agree to furnish to the Holders of Registrable Securities registered on such Shelf Registration Statement copies of any such supplement or amendment promptly after its being
used or filed with the SEC. 

  
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 (c) The Company and the Guarantor shall pay all Registration Expenses in connection with any
registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder, including the Market Maker, shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or
disposition of such Holder’s Registrable Securities pursuant to the Shelf Registration Statement. 
 (d) An Exchange Offer Registration
Statement pursuant to Section 2(a) hereof will not be deemed to have become effective unless it has been declared effective by the SEC. A Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become
effective unless it has been declared effective by the SEC or is automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act. 

In the event that either the Exchange Offer is not completed by the Target Registration Date or the Shelf Registration Statement, if required
pursuant to Section 2(b)(i) or 2(b)(iii) hereof, is not effective by the Target Registration Date, the interest rate on the Registrable Securities will be increased by (i) 0.25% per annum for the first 90-day period immediately
following such date and (ii) an additional 0.25% per annum with respect to each subsequent 90-day period, in each case until the Exchange Offer is completed or the Shelf Registration Statement, if required hereby, becomes effective, up to
a maximum total increase of 0.50% per annum. In the event that the Company receives a Holder Notice or Shelf Request pursuant to Section 2(b)(ii) or 2(b)(iv), and the Shelf Registration Statement required to be filed thereby has not become
effective by the later of the Target Registration Date or (y) 90 days after delivery of such Holder Notice or Shelf Request (such later date, the “Shelf Additional Interest Date”), then the interest rate on the Registrable
Securities will be increased by (i) 0.25% per annum for the first 90-day period payable commencing from one day after the Shelf Additional Interest Date and (ii) an additional 0.25% per annum with respect to each subsequent
90-day period, in each case until the Shelf Registration Statement becomes effective, up to a maximum total increase of 0.50% per annum. 

If the Shelf Registration Statement, if required hereby, is effective and thereafter either ceases to be effective or the Prospectus contained
therein ceases to be usable, in each case whether or not permitted by this Agreement, at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 30 days (whether or not consecutive) in any
12-month period (the 30th such date, the “Trigger Date”), then the interest rate on the Registrable Securities will be increased by (i) 0.25% per annum for the first 90-day period immediately following the Trigger Date and
(ii) an additional 0.25% per annum with respect to each subsequent 90-day period, up to a maximum increase of 0.50% per annum, and ending on such date that the Shelf Registration Statement is again effective or the Prospectus again
becomes usable. Such additional interest shall accrue as liquidated damages on the principal amount of the Exchange Securities or Registrable Securities, as the case may be. 

  
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 (e) Without limiting the remedies available to the Initial Purchasers and the Holders, the
Company and the Guarantor acknowledge that any failure by the Company or the Guarantor to comply with their obligations under Section 2(a) and Section 2(b) hereof may result in material irreparable injury to the Initial Purchasers or the
Holders for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may be
required to specifically enforce the Company’s and the Guarantor’s obligations under Section 2(a) and Section 2(b) hereof. 

3. Registration Procedures. 

(a) In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the Company and the Guarantor shall
promptly: 
 (i) prepare and file with the SEC a Registration Statement on the appropriate form under the Securities Act,
which form (x) shall be selected by the Company and the Guarantor, (y) shall, in the case of a Shelf Registration, be available for the sale of the Registrable Securities by the Holders thereof and (z) shall comply as to form in all
material respects with the requirements of the applicable form and include all financial statements required by the SEC to be filed therewith; and use their reasonable best efforts to cause such Registration Statement to become effective and remain
effective for the applicable period in accordance with Section 2 hereof; 
 (ii) prepare and file with the SEC such
amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented
by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(3) of and Rule 174 under the Securities Act that
is applicable to transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities; 

(iii) to the extent any Free Writing Prospectus is used, file with the SEC any Free Writing Prospectus that is required to
be filed by the Company or the Guarantor with the SEC in accordance with the Securities Act and to retain any Free Writing Prospectus not required to be filed; 

(iv) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities included on such Shelf
Registration Statement, to counsel for the Initial Purchasers, to counsel for such Holders and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, preliminary
prospectus or Free Writing 

  
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Prospectus, and any amendment or supplement thereto, as such Holder, counsel or Underwriter may reasonably request in order to facilitate the sale or other disposition of the Registrable
Securities thereunder; and the Company and the Guarantor consent to the use of such Prospectus, preliminary prospectus or such Free Writing Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the Holders
of Registrable Securities and any such Underwriters in connection with the offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus, preliminary prospectus or such Free Writing Prospectus or any
amendment or supplement thereto in accordance with applicable law; 
 (v) in the case of an Exchange Offer Registration
Statement, use their reasonable best efforts to register and qualify the Registrable Securities under all applicable state securities or blue sky laws and, in the case of a Shelf Registration Statement, cooperate with the selling Holders and their
counsel to register or qualify the Registrable Securities under all applicable state securities or blue sky laws of such jurisdictions as any Holder of Registrable Securities covered by a Shelf Registration Statement shall reasonably request in
writing by the time the applicable Shelf Registration Statement becomes effective; cooperate with such Holders in connection with any filings required to be made with FINRA; and do any and all other acts and things that may be reasonably necessary
or advisable to enable each Holder to complete the disposition in each such jurisdiction of the Registrable Securities owned by such Holder; provided that neither the Company nor any Guarantor shall be required to (1) qualify as a
foreign corporation or other entity or as a dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject
itself to taxation in any such jurisdiction if it is not so subject; 
 (vi) notify counsel for the Initial Purchasers
and, in the case of a Shelf Registration, notify each Holder of Registrable Securities included on such Shelf Registration Statement and counsel for such Holders promptly and, if requested by any such Holder or counsel, confirm such advice in
writing (1) when a Registration Statement has become effective, when any post-effective amendment thereto has been filed and becomes effective, when any Free Writing Prospectus has been filed or any amendment or supplement to the Prospectus or
any Free Writing Prospectus has been filed, (2) of any request by the SEC or any state securities authority for amendments and supplements to a Registration Statement, Prospectus or any Free Writing Prospectus or for additional information
after the Registration Statement has become effective, (3) of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that
purpose, including the receipt by the Company of any notice of objection of the SEC to the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if, between the
applicable effective date of a Shelf Registration Statement and the closing of any sale of Registrable Securities covered thereby, the Company or any Guarantor receives 

  
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any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (5) of
the happening of any event during the period a Registration Statement is effective that makes any statement made in such Registration Statement or the related Prospectus or any Free Writing Prospectus untrue in any material respect or that requires
the making of any changes in such Registration Statement or Prospectus or any Free Writing Prospectus in order to make the statements therein not misleading (in the case of the Prospectus, in light of the circumstances under which they were made)
and (6) of any determination by the Company or any Guarantor that a post-effective amendment to a Registration Statement or any amendment or supplement to the Prospectus or any Free Writing Prospectus would be required; 

(vii) use their reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a
Registration Statement or, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2), including by filing an amendment to such Shelf Registration Statement on the proper form, as promptly as
practicable and provide prompt notice to each Holder of the withdrawal of any such order or such resolution; 

(viii) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities included on such Shelf
Registration Statement, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without any documents incorporated therein by reference or exhibits thereto, unless requested in writing);

 (ix) in the case of a Shelf Registration, cooperate with the Holders of Registrable Securities included on such Shelf
Registration Statement to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends and enable such Registrable Securities to be issued in such denominations
and registered in such names (consistent with the provisions of the Indenture) as such Holders may reasonably request at least one Business Day prior to the closing of any sale of Registrable Securities; 

(x) in the case of a Shelf Registration, upon the occurrence of any event contemplated by Section 3(a)(vi)(5) hereof,
use their reasonable best efforts to prepare and file with the SEC a supplement or post-effective amendment to such Shelf Registration Statement or the related Prospectus or any Free Writing Prospectus or any document incorporated therein by
reference or file any other required document so that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers of the Registrable Securities, such Prospectus or Free Writing Prospectus, as the case may be, will not
contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and the Company and the Guarantor shall notify
the Holders of Registrable Securities to suspend use of the Prospectus or any Free Writing 

  
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Prospectus as promptly as practicable after the occurrence of such an event, and such Holders hereby agree to suspend use of the Prospectus or any Free Writing Prospectus, as the case may be,
until the Company and the Guarantor have amended or supplemented the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or omission; 

(xi) a reasonable time prior to the filing of any Registration Statement, any Prospectus, any Free Writing Prospectus, any
amendment to a Registration Statement or amendment or supplement to a Prospectus or a Free Writing Prospectus or other than any document that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus
after initial filing of a Registration Statement, provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the Holders of Registrable Securities included on such Shelf
Registration Statement and their counsel) and make such of the representatives of the Company and the Guarantor as shall be reasonably requested by the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the
Holders of Registrable Securities included on such Shelf Registration Statement or their counsel) available for discussion of such document; and the Company and the Guarantor shall not, at any time after initial filing of a Registration Statement,
use or file any Prospectus, any Free Writing Prospectus, any amendment of or supplement to a Registration Statement, a Prospectus or any Free Writing Prospectus, or any document that is to be incorporated by reference into a Registration Statement,
a Prospectus or a Free Writing Prospectus, of which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities and their counsel) shall not have previously been advised and
furnished a copy or to which the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Holders of Registrable Securities or their counsel) shall reasonably object in writing within five Business Days after
receipt thereof; 
 (xii) use reasonable best efforts to obtain a CUSIP number for all Exchange Securities or
Registrable Securities, as the case may be, not later than the initial effective date of a Registration Statement; 

(xiii) use reasonable best efforts to cause the Indenture to be qualified under the Trust Indenture Act in connection with
the registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with
the terms of the Trust Indenture Act; and execute, and use their reasonable best efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to
enable the Indenture to be so qualified in a timely manner; 

  
 -13- 

 (xiv) in the case of a Shelf Registration, make available for inspection by a
representative of the Holders of the Registrable Securities (an “Inspector”), any Underwriter participating in any disposition pursuant to such Shelf Registration Statement, any attorneys and accountants designated by a majority of
the Holders of Registrable Securities to be included in such Shelf Registration and any attorneys and accountants designated by such Underwriter, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents
and properties of the Company and its subsidiaries, and cause the respective officers, directors and employees of the Company and the Guarantor to supply all information reasonably requested by any such Inspector, Underwriter, attorney or accountant
in connection with a Shelf Registration Statement; provided that if any such information is identified by the Company or any Guarantor as being confidential or proprietary, each Person receiving such information shall take such actions as are
reasonably necessary to protect the confidentiality of such information to the extent such action is otherwise not inconsistent with, an impairment of or in derogation of the rights and interests of any Inspector, Holder or Underwriter; 

(xv) in the case of a Shelf Registration, use their reasonable best efforts to cause all Registrable Securities to be
listed on any securities exchange or any automated quotation system on which similar securities issued or guaranteed by the Company or any Guarantor are then listed if requested by the Majority Holders, to the extent such Registrable Securities
satisfy applicable listing requirements; 
 (xvi) if reasonably requested by any Holder of Registrable Securities
covered by a Shelf Registration Statement, promptly include in a Prospectus supplement or post-effective amendment such information with respect to such Holder as such Holder reasonably requests to be included therein and make all required filings
of such Prospectus supplement or such post-effective amendment as soon as the Company has received notification of the matters to be so included in such filing; 

(xvii) in the case of a Shelf Registration, enter into such customary agreements and take all such other actions in
connection therewith (including those reasonably requested by the Holders of a majority in principal amount of the Registrable Securities covered by the Shelf Registration Statement) in order to expedite or facilitate the disposition of such
Registrable Securities including, but not limited to, in an Underwritten Offering and in such connection, (1) to the extent possible, make such representations and warranties to the Holders and any Underwriters of such Registrable Securities
with respect to the business of the Company and its subsidiaries and the Registration Statement, Prospectus, any Free Writing Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in form,
substance and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Company and the Guarantor (which counsel and opinions, in form,
scope and substance, shall be reasonably satisfactory to the Holders of a majority in principal amount of the Registrable Securities being sold and such Underwriters 

  
 -14- 

 
and their respective counsel) addressed to each selling Holder and Underwriter of Registrable Securities, covering the matters customarily covered in opinions requested in underwritten offerings,
(3) obtain “comfort” letters from the independent certified public accountants of the Company and the Guarantor (and, if necessary, any other certified public accountant of any subsidiary of the Company or any Guarantor, or of any
business acquired by the Company or any Guarantor for which financial statements and financial data are or are required to be included in the Registration Statement) addressed to each selling Holder (to the extent permitted by applicable
professional standards) and Underwriter of Registrable Securities, such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters in connection with underwritten offerings, including but not
limited to financial information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus, and (4) deliver such documents and certificates as may be reasonably requested by the Holders of a majority in principal amount of
the Registrable Securities being sold or the Underwriters, and which are customarily delivered in underwritten offerings, to evidence the continued validity of the representations and warranties of the Company and the Guarantor made pursuant to
clause (1) above and to evidence compliance with any customary conditions contained in an underwriting agreement; it being agreed that the representations and warranties, opinions of counsel and comfort letters delivered in connection with the
initial offering of the Securities are customary; and 
 (xviii) (a) Reserved. 

(b) In the case of a Shelf Registration Statement, the Company may require each Holder of Registrable Securities to furnish to
the Company such information regarding such Holder and the proposed disposition by such Holder of such Registrable Securities as the Company and the Guarantor may from time to time reasonably request in writing; provided that if such Holder
fails to provide the requested information within 20 Business Days, the Company may exclude such Holder’s Registrable Securities from such Shelf Registration Statement until such time as the information is provided. 

(c) In the case of a Shelf Registration Statement, each Holder of Registrable Securities covered in such Shelf Registration
Statement agrees that, upon receipt of any notice from the Company and the Guarantor of the happening of any event of the kind described in Section 3(a)(vi)(3) or 3(a)(vi)(5) hereof, such Holder will forthwith discontinue disposition of
Registrable Securities pursuant to the Shelf Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus and any Free Writing Prospectus contemplated by Section 3(a)(x) hereof and, if so
directed by the Company and the Guarantor, such Holder will deliver to the Company and the Guarantor all copies in its possession, other than permanent file copies then in such Holder’s possession, of the Prospectus and any Free Writing
Prospectus covering such Registrable Securities that is current at the time of receipt of such notice. 

  
 -15- 

 (d) If the Company and the Guarantor shall give any notice to suspend the
disposition of Registrable Securities pursuant to a Registration Statement, the Company and the Guarantor shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement by the number of days
during the period from and including the date of the giving of such notice to and including the date when the Holders of such Registrable Securities shall have received copies of the supplemented or amended Prospectus or any Free Writing Prospectus
necessary to resume such dispositions. The Company and the Guarantor may give any such notice only twice during any 365-day period, any such suspensions shall not exceed 45 days for each suspension and there shall not be more than two suspensions in
effect during any 365-day period. 
 (e) The Holders of Registrable Securities covered by a Shelf Registration Statement who
desire to do so may sell such Registrable Securities in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or managers (each an “Underwriter”) that will administer the
offering will be selected by the Holders of a majority in principal amount of the Registrable Securities included in such offering and reasonably acceptable to the Company. However, each Holder agrees that, neither such Holder nor any Underwriter
participating in any disposition pursuant to any Registration Statement on such Holder’s behalf, will make any offer relating to the Registrable Securities that would constitute an Issuer Free Writing Prospectus (as defined in Rule 433 under
the Securities Act) or that would otherwise constitute a “free writing prospectus” (as defined in Rule 405 under the Securities Act) required to be filed by the Company with the Commission or retained by the Company under Rule 433 of the
Securities Act, unless it has obtained the prior written consent of the Company. 
 4. Participation of Broker-Dealers in Exchange
Offer. 
 (a) The Company has been advised that the Staff has taken the position that any broker-dealer that receives Exchange Securities
for its own account in the Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating Broker-Dealer”) may be deemed to be an
“underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities. 

The Company and the Guarantor have been advised that it is the Staff’s position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying
the amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers (or, to the extent permitted by law, made available to purchasers) to satisfy their prospectus delivery obligation under the Securities
Act in connection with resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 

  
 -16- 

 (b) In light of the above, and notwithstanding the other provisions of this
Agreement, the Company and the Guarantor agree to use their reasonable best efforts to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for a period ending on the earlier of (i) 180 days after the date
the Exchange Offer Registration Statement becomes effective (as such period may be extended pursuant to Section 3(d) of this Agreement) and (ii) the date on which each Participating Broker-Dealer is no longer required to deliver a
prospectus in connection with market making or other trading activities, in each case to the extent necessary to ensure that it is available for resales. The Company and the Guarantor further consent to the delivery of such Prospectus (or, to the
extent permitted by law, agree to make available) by Participating Broker-Dealers during such period in connection with the resales contemplated by this Section 4. 

(c) The Initial Purchasers shall have no liability to the Company, any Guarantor or any Holder with respect to any such request
that they may make pursuant to Section 4(b) above. 
 5. Market Making. 

(a) For so long as any of the Securities or Exchange Securities are outstanding and Wells Fargo (in such capacity, the “Market
Maker”) or any of its affiliates (as defined in the rules and regulations of the SEC) owns any equity securities of the Company, the Guarantor or any of their affiliates and proposes to make a market in the Securities or Exchange Securities
as part of its business in the ordinary course, the following provisions shall apply for the sole benefit of the Market Maker: 

(i) The Company and the Guarantor shall (A) on the date that the Exchange Offer Registration Statement or, if
required hereby, the Shelf Registration Statement is filed with the SEC, file a registration statement (the “Market Making Registration Statement”) (which may be the Exchange Offer Registration Statement or the Shelf Registration
Statement if permitted by the rules and regulations of the SEC) and use their commercially reasonable efforts to cause such Market Making Registration Statement to become effective on or prior to the consummation of the Exchange Offer or the initial
effective date of the Shelf Registration Statement, as applicable; (B) periodically amend such Market Making Registration Statement so that the information contained therein complies with the requirements of Section 10(a) under the
Securities Act; (C) amend the Market Making Registration Statement or amend or supplement the related Prospectus when necessary to reflect any material changes in the information provided therein; and (D) amend the Market Making
Registration Statement when required to do so in order to comply with Section 10(a)(3) of the Securities Act; provided, however, that (1) prior to filing the Market Making Registration Statement, any amendment thereto, any
Free Writing Prospectus or any amendment or supplement to the related Prospectus or Free Writing Prospectus, 

  
 -17- 

 
the Company will furnish to the Market Maker copies of all such documents proposed to be filed, which documents will be subject to the review of the Market Maker and its counsel and (2) the
Company and the Guarantor will not file the Market Making Registration Statement, any amendment thereto, any Free Writing Prospectus or any amendment or supplement to the related Prospectus or Free Writing Prospectus to which the Market Maker and
its counsel shall reasonably object unless the Company is advised by counsel that such Market Making Registration Statement or Free Writing Prospectus, or any such amendment or supplement is required to be filed under applicable securities laws and
the Company will provide the Market Maker and its counsel with copies of the Market Making Registration Statement and any Free Writing Prospectus and each amendment and supplement filed. 

(ii) The Company shall notify the Market Maker and, if requested by the Market Maker, confirm such advice in writing,
(A) when any Market Making Registration Statement, any post-effective amendment to the Market Making Registration Statement, any Free Writing Prospectus or any amendment or supplement to the related Prospectus or Free Writing Prospectus has
been filed, and, with respect to any Market Making Registration Statement or any post-effective amendment, when the same has become effective; (B) of any request by the SEC for any post-effective amendment to the Market Making Registration
Statement, any supplement or amendment to the related Prospectus or any Free Writing Prospectus or for additional information; (C) the issuance by the SEC of any stop order suspending the effectiveness of the Market Making Registration
Statement or the initiation of any proceedings for that purpose, including the receipt by the Company of any notice of objection of the SEC to the use of the Market Making Registration Statement or any post-effective amendment thereto pursuant to
Rule 401(g)(2) under the Securities Act; (D) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities or Exchange Securities for sale in any jurisdiction or the initiation or
threatening of any proceedings for such purpose; and (E) of the happening of any event that makes any statement made in the Market Making Registration Statement, the related Prospectus or any Free Writing Prospectus or any amendment or
supplement thereto untrue or that requires the making of any changes in the Market Making Registration Statement, such Prospectus or such Free Writing Prospectus or amendment or supplement thereto, in order to make the statements therein not
misleading. 
 (iii) If any event contemplated by Section 5(a)(ii)(B) through (E) hereof occurs during the period
for which the Company and the Guarantor are required to maintain an effective Market Making Registration Statement, the Company and the Guarantor shall, subject to Section 5(a)(i) hereof, promptly prepare and file with the SEC a post-effective
amendment to the Market Making Registration Statement or an amendment or supplement to the related Prospectus or Free Writing Prospectus or file any other required document so that the Prospectus or any Free Writing Prospectus will not include an
untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

  
 -18- 

 (iv) In the event of the issuance of any stop order suspending the effectiveness
of the Market Making Registration Statement, any notice of objection pursuant to Rule 401(g)(2) under the Securities Act or any order suspending the qualification of the Securities or Exchange Securities for sale in any jurisdiction, the Company and
the Guarantor shall promptly use their commercially reasonable efforts to obtain the withdrawal of such order or the resolution of such objection, including by filing an amendment to the Market Making Registration Statement on the proper form as
necessary. 
 (v) The Company shall furnish to the Market Maker, without charge, (A) at least one conformed copy of the
Market Making Registration Statement and any post-effective amendment thereto; and (B) as many copies of the related Prospectus, any Free Writing Prospectus and any amendment or supplement thereto as the Market Maker may reasonably request.

 (vi) The Company and the Guarantor shall consent to the use of the Prospectus contained in the Market Making Registration
Statement, any Free Writing Prospectus or any amendment or supplement thereto by the Market Maker in connection its market-making activities. 

(vii) Notwithstanding the foregoing provisions of this Section 5, the Company and the Guarantor may for valid business
reasons, including without limitation, a potential material acquisition, divestiture of assets or other material corporate transaction, notify the Market Maker in writing that the Market Making Registration Statement is no longer effective or the
Prospectus included therein or any Free Writing Prospectus is no longer usable for offers and sales of Securities or Exchange Securities and may issue any notice suspending use of such Market Making Registration Statement or the Prospectus required
under applicable securities laws to be issued for so long as valid business reasons exist and the Company and the Guarantor shall not be obligated to amend or supplement such Market Making Registration Statement or the Prospectus included therein
until it reasonably deems appropriate. The Market Maker agrees that upon receipt of any notice from the Company pursuant to this Section 5(a)(vii), it will discontinue use of the Prospectus contained in the Market Making Registration Statement
and any Free Writing Prospectus until receipt of copies of the supplemented or amended Prospectus or Free Writing Prospectus relating thereto or until advised in writing by the Company that the use of the Prospectus contained in the Market Making
Registration Statement or the Free Writing Prospectus may be resumed. 
 (b) In connection with the Market Making Registration Statement, the
Company shall (i) make available for inspection by a representative of, and counsel acting for, the Market Maker, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties of the Company
and its subsidiaries and (ii) use its commercially reasonable efforts to cause the respective officers, directors and 

  
 -19- 

 
employees of the Company and the Guarantor to supply all relevant information reasonably requested by such representative or counsel or the Market Maker; provided that each Person
receiving such information shall take such actions as are necessary to protect the confidentiality of such information unless (i) the disclosure of such information is necessary to avoid or correct a material misstatement or omission in the
Market Making Registration Statement, any Free Writing Prospectus or any amendment or supplement thereto, (ii) the release of such information is ordered pursuant to a subpoena or other order from a court of competent jurisdiction,
(iii) disclosure of such information is necessary or advisable, in the written opinion of counsel of the Market Maker, in connection with any action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such
Market Maker and arising out of, based upon, relating to, or involving this Agreement, or any transactions contemplated hereby or thereby or arising hereunder or thereunder, or (iv) such information has been made generally available to the
public other than by the Market Maker or an “affiliate” (as defined in Rule 405) thereof; provided, however, that prior notice shall be provided as soon as practicable to the Company of the potential disclosure of any such
information pursuant to clause (i), (ii) or (iii) of this sentence to permit the Company to obtain a protective order (or waive the provisions of this paragraph (b)) and that the Market Maker shall take such actions as are necessary to
protect the confidentiality of such information. 
 (c) Prior to the initial effective date of the Market Making Registration Statement, the
Company and the Guarantor shall use their commercially reasonable efforts to register or qualify the Securities or Exchange Securities for offer and sale under all applicable state securities or blue sky laws of such jurisdictions as the Market
Maker reasonably requests in writing, cooperate with the Market Maker in connection with any filings required to be made with FINRA and do any and all other acts or things that may be reasonably necessary or advisable to enable the offer and sale in
such jurisdictions of the Securities or Exchange Securities covered by the Market Making Registration Statement; provided that the Company and the Guarantor shall not be required to (i) qualify as a foreign corporation or other entity or
as a dealer in securities in any jurisdiction where it would not otherwise be required to so qualify, (ii) file any general consent to subject itself to service of process in any such jurisdictions or (iii) subject itself to taxation in
any such jurisdiction if it is not so subject. 
 (d) The Company and the Guarantor represent and agree that the Market Making Registration
Statement, any post-effective amendments thereto, any Free Writing Prospectus, any amendments or supplements to the related Prospectus or any Free Writing Prospectus and any documents filed by them under the Exchange Act will, when they become
effective or are filed with the SEC, as the case may be, conform in all material respects to the requirements of the Securities Act and the Exchange Act and the rules and regulations of the SEC thereunder and will not, as of each effective date of
such Market Making Registration Statement or post-effective amendments and as of the filing date of any Free Writing Prospectus or amendments or supplements to such Prospectus or any Free Writing Prospectus or filings under the Exchange Act, contain
an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that no representation or warranty is
made as to information 

  
 -20- 

 
contained in or omitted from the Market Making Registration Statement or the related Prospectus or any Free Writing Prospectus in reliance upon and in conformity with written information
furnished to the Company by the Market Maker specifically for inclusion therein, which information the parties hereto agree will be limited to the statements concerning the market-making activities of the Market Maker to be set forth on the cover
page and in the “Plan of Distribution” section of the Prospectus (the “Market Maker’s Information”). 
 (e)
At the time of initial effectiveness of the Market Making Registration Statement and concurrently with each time any Free Writing Prospectus is first used or the Market Making Registration Statement shall be amended by post-effective amendment,
including by the filing of an annual report incorporated by reference into the Market Making Registration Statement, or the related Prospectus or any Free Writing Prospectus shall be amended or supplemented, the Company shall (if requested in
writing by the Market Maker) furnish the Market Maker and its counsel with a certificate of an executive officer to the effect that: 

(i) the Market Making Registration Statement has become effective; 

(ii) in the case of an amendment to the Market Making Registration Statement, such amendment has become effective under
the Securities Act as of the date and time specified in such certificate, if applicable; and in the case of an amendment or supplement to the Prospectus, such amendment or supplement to the Prospectus was filed with the SEC pursuant to the
subparagraph of Rule 424(b) under the Securities Act specified in such certificate on the date specified therein; and in the case of any Free Writing Prospectus or an amendment or supplement to any Free Writing Prospectus, such Free Writing
Prospectus or amendment or supplement to the Free Writing Prospectus was filed with the SEC pursuant to Rule 433 under the Securities Act on the date specified therein; 

(iii) to the knowledge of such officer, no stop order suspending the effectiveness of the Market Making Registration
Statement has been issued, including any notice of objection of the SEC to the use of the Market Making Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, and no proceeding for that
purpose is pending or threatened by the SEC; and 
 (iv) such officer has carefully examined the Market Making
Registration Statement, the Prospectus and any Free Writing Prospectus (and, in the case of an amendment or supplement, such amendment or supplement) and as of the applicable effective date of such Market Making Registration Statement, or the date
of such Free Writing Prospectus or any such amendment or supplement, as applicable, the Market Making Registration Statement, the Prospectus and any Free Writing Prospectus, as amended or supplemented, if applicable, did not include any untrue
statement of a material fact and did not omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

  
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 (f) The Company and the Guarantor, on the one hand, and the Market Maker, on the other hand,
hereby agree to indemnify each other, and, if applicable, contribute to the other, in accordance with Section 6 of this Agreement. 

(g) The Company and the Guarantor will comply with the provisions of this Section 5 at their own expense and will reimburse the Market
Maker for its reasonable and documented expenses associated with this Section 5 (including reasonable fees of one counsel for the Market Maker). 

(h) The agreements contained in this Section 5 and the representations, warranties and agreements contained in this Agreement shall
survive all offers and sales of the Securities and the Exchange Securities and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any indemnified party.

 (i) For purposes of this Section 5, (i) any reference to the terms “amend,” “amendment” or
“supplement” with respect to the Market Making Registration Statement or the Prospectus contained therein or any Free Writing Prospectus shall be deemed to refer to and include the filing under the Exchange Act of any document deemed to be
incorporated therein by reference and (ii) any reference to the terms “Securities” or “Exchange Securities” shall be deemed to refer to and include any securities issued in exchange for or with respect to such Securities or
Exchange Securities. 
 6. Indemnification and Contribution. 

(a) The Company and each Guarantor, jointly and severally, agree to indemnify and hold harmless (i) each Initial Purchaser, the Market
Maker, each Holder, their respective affiliates, directors and officers and each Person, if any, who controls any Initial Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act,
from and against any and all losses, claims, damages and liabilities (including, without limitation, reasonable legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses
are incurred), joint or several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or any omission or alleged omission to state therein a
material fact required to be stated therein or necessary in order to make the statements therein not misleading, (2) any untrue statement or alleged untrue statement of a material fact contained in any Prospectus, or in any amendment thereof or
any supplement thereto, any Free Writing Prospectus or any “issuer information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any omission or alleged omission to
state therein a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims, damages or liabilities arise out of,
or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser, or information relating to any Holder or the Market Maker
Information furnished to the Company in writing through the Market Maker, any selling Holder or the 

  
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Market Maker, respectively, expressly for use therein and (ii) the Market Maker from and against any and all losses, claims, damages and liabilities (including, without limitation, legal
fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), that arise out of, or are based upon, any breach by the Company of its representations, warranties and
agreements contained in Section 5. In connection with any Underwritten Offering permitted by Section 3, the Company and the Guarantor, jointly and severally, will also indemnify the Underwriters, if any, their respective affiliates and
each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above with respect to the indemnification of the Holders, if requested in connection with any Registration
Statement, any Prospectus, any Free Writing Prospectus or any Issuer Information. 
 (b) Each Holder agrees, severally and not jointly, to
indemnify and hold harmless the Company, the Guarantor, the Initial Purchasers and the other selling Holders, the directors of the Company and the Guarantor, each officer of the Company and the Guarantor who signed the Registration Statement and
each Person, if any, who controls the Company, the Guarantor, any Initial Purchaser and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity
set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in
conformity with any information relating to such Holder furnished to the Company in writing by or on behalf of such Holder expressly for use in any Registration Statement, any Prospectus or any Free Writing Prospectus. 

(c) The Market Maker agrees to indemnify and hold harmless the Company and the Guarantor, the directors of the Company and the Guarantor and
each officer of the Company and the Guarantor who signed the Market Making Registration Statement and each Person, if any, who controls the Company or the Guarantor within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue
statement or omission made in reliance upon and in conformity with any Market Maker’s Information furnished to the Company in writing by the Market Maker expressly for use in any Market Making Registration Statement, any Prospectus and any Free
Writing Prospectus. 
 (d) If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be
brought or asserted against any Person in respect of which indemnification may be sought pursuant to either paragraph (a), (b) or (c) above, such Person (the “Indemnified Person”) shall promptly notify the Person against
whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under paragraph (a),
(b) or (c) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying
Person 

  
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shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraph (a), (b) or (c). If any such proceeding shall be brought or asserted against
an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to
indemnification pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses of such proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as
incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the
Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have
reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties)
include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the
Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and
that all such fees and expenses shall be reimbursed as they are incurred. Any such separate firm (x) for the Market Maker or any Initial Purchaser or their respective affiliates, directors and officers and any control Persons of such Initial
Purchaser or the Market Maker shall be designated in writing by the Market Maker, (y) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in all
other cases shall be designated in writing by the Company. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for
the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment. No Indemnifying Person shall, without the written consent of the Indemnified Person,
effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement
(A) includes an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (B) does not
include any statement as to or any admission of fault, culpability or failure to act by or on behalf of any Indemnified Person. 
 (e) If the
indemnification provided for in paragraphs (a), (b) and (c) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under
such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is
appropriate to reflect the relative 

  
 -24- 

 
benefits received by the Company and the Guarantor from the offering of the Securities and the Exchange Securities, on the one hand, and by the Holders from receiving Securities or Exchange
Securities registered under the Securities Act or the Market Maker, on the other hand, or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the
relative benefits referred to in clause (i) but also the relative fault of the Company and the Guarantor on the one hand and the Holders or the Market Maker on the other in connection with the statements or omissions that resulted in such
losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company and the Guarantor on the one hand and the Holders or the Market Maker on the other shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantor or by the Holders or the Market Maker
Information, as applicable, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(f) The Company, the Guarantor, the Holders and the Market Maker agree that it would not be just and equitable if contribution pursuant to this
Section 6 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in
paragraph (e) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (e) above shall be deemed to include, subject to the limitations set forth above,
any legal or other expenses incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 6, in no event shall a Holder or the Market Maker be required to contribute any amount
in excess of the amount by which the total price at which the Securities or Exchange Securities sold by such Holder or the Securities sold by the Market Maker exceeds the amount of any damages that such Holder has otherwise been required to pay by
reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person
who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 6 are several and not joint. 

(g) The remedies provided for in this Section 6 are not exclusive and shall not limit any rights or remedies that may otherwise be
available to any Indemnified Person at law or in equity. 
 (h) The indemnity and contribution provisions contained in this Section 6
shall remain operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers, the Market Maker or any Holder or any Person controlling any
Initial Purchaser, the Market Maker or any Holder, or by or on behalf of the Company or the Guarantor or the officers or directors of or any Person controlling the Company or the Guarantor, (iii) acceptance of any of the Exchange Securities and
(iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement or the Market Making Registration Statement. 

  
 -25- 

 7. General. 

(a) No Inconsistent Agreements. The Company and the Guarantor represent, warrant and agree that (i) the rights granted to the
Holders or the Market Maker hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of any other outstanding securities issued or guaranteed by the Company or any Guarantor under any other agreement
and (ii) neither the Company nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the Holders of Registrable Securities or the Market Maker
in this Agreement or otherwise conflicts with the provisions hereof. 
 (b) Amendments and Waivers. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company and the Guarantor have obtained the written consent of
Holders of at least a majority in aggregate principal amount of the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent and with respect to the provisions of Section 5, the written consent
of the Market Maker; provided that no amendment, modification, supplement, waiver or consent to any departure from the provisions of Section 7 hereof shall be effective as against any Holder of Registrable Securities or the Market Maker
unless consented to in writing by such Holder or the Market Maker, as applicable. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 7(b) shall be by a writing executed by each of the parties hereto. 

(c) Notices. Except as otherwise specified herein, all notices and other communications provided for or permitted hereunder shall be
made in writing by hand-delivery, registered first-class mail, telex, telecopier or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such Holder to the Company by means of a notice given in
accordance with the provisions of this Section 7(c), which address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase Agreement; (ii) if to the Company and the Guarantor, initially at the
Company’s address set forth in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 7(c); (iii) if to the Market Maker, initially at its address set
forth in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 7(c) and (iv) if to such other persons, at their respective addresses as provided in the
Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 7(c). All such notices and communications shall be deemed to have been duly given: at the time delivered by
hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air
courier guaranteeing overnight delivery. Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address specified in the Indenture. 

  
 -26- 

 (d) Successors and Assigns. This Agreement shall inure to the benefit of and be binding
upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any assignment,
transfer or other disposition of Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities in any manner, whether by operation of law or
otherwise, such Registrable Securities shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the
terms and provisions of this Agreement and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the Company or the Guarantor with
respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement. 

(e) Third-Party Beneficiaries. Each Holder shall be a third-party beneficiary to the agreements made hereunder between the Company and
the Guarantor, on the one hand, and the Initial Purchasers and the Market Maker, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights or
the rights of other Holders hereunder. 
 (f) Counterparts. This Agreement may be signed on counterparts (which may include
counterparts delivered by any standard form of telecommunication), each of which shall be an original and all of which together shall constitute one and the same instrument. 

(g) Headings. The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not limit
or otherwise affect the meaning hereof. 
 (h) Governing Law. This Agreement and any claim, controversy or dispute arising under or
related to this Agreement shall be governed by and construed in accordance with the laws of the State of New York. 
 (i) Entire
Agreement; Severability. This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or
restriction contained in this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in
full force and effect and shall in no way be affected, impaired or invalidated. The Company, the Guarantor and the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of such invalid, void or unenforceable provisions. 

  
 -27- 

 IN WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be duly
executed all as of the date and year first written above. 
  

					
	H. J. HEINZ COMPANY
		
	By: 		/s/ James Liu
	 		Name:		James Liu
	 		Title:		Global Treasurer
	
	H.J. HEINZ HOLDING CORPORATION
		
	By:		/s/ Paulo Basilio
	 		Name:		Paulo Basilio
	 		Title:		Vice President, Chief Financial Officer
and Secretary

 [Signature Page to Registration Rights
Agreement (U.S.)] 

 Confirmed and accepted as of the date first above written: 

For itself and on behalf of the several Initial 
 Purchasers
listed in Schedule 1 hereto. 
 BARCLAYS CAPITAL INC. 
  

					
	By: 		 /s/ Pamela Kendall

			Name:		Pamela Kendall
			Title:		Director

 [Signature Page to Registration Rights Agreement] 

 Confirmed and accepted as of the date first above written: 

For itself and on behalf of the several Initial 
 Purchasers
listed in Schedule 1 hereto. 
  

					
	J.P. MORGAN SECURITIES LLC
		
	By:		 /s/ Som Bhattacharyya

			Name:		Som Bhattacharyya
			Title:		Vice President

 [Signature Page to Registration Rights Agreement] 

 Confirmed and accepted as of the date first above written: 

For itself and on behalf of the several Initial 
 Purchasers
listed in Schedule 1 hereto. 
  

					
	CITIGROUP GLOBAL MARKETS INC.
		
	By:		 /s/ Brian D. Bednarski

			Name:		Brian D. Bednarski
			Title:		Managing Director

 [Signature Page to Registration Rights Agreement] 

 Confirmed and accepted as of the date first above written: 

For itself and on behalf of the several Initial 
 Purchasers
listed in Schedule 1 hereto. 
  

					
	WELLS FARGO SECURITIES, LLC.
		
	By:		 /s/ William Ingram

			Name:		William Ingram
			Title:		Head of High Grade Debt Capital Markets

 [Signature Page to Registration Rights Agreement] 

 Schedule 1 

Initial Purchasers 
 Barclays
Capital Inc. 
 J.P. Morgan Securities LLC 
 Citigroup Global
Markets Inc. 
 Wells Fargo Securities, LLC 
 Goldman, Sachs
& Co. 
 Morgan Stanley & Co. LLC 
 BNP Paribas
Securities Corp. 
 Credit Agricole Securities (USA) Inc. 

Credit Suisse Securities (USA) LLC 
 Deutsche Bank Securities Inc.

 HSBC Securities (USA) Inc. 
 Merrill Lynch, Pierce, Fenner
& Smith 
                     Incorporated 

Mizuho Securities USA Inc. 
 Mitsubishi UFJ Securities (USA), Inc.

 RBC Capital Markets, LLC 
 Santander Investment Securities
Inc. 
 SMBC Nikko Securities America, Inc. 
 Banco Bradesco BBI
S.A. 
 PNC Capital Markets LLC 
 Rabo Securities USA, Inc. 

Standard Chartered Bank 
 [Signature Page to
Registration Rights Agreement]EX-4.9

 Exhibit 4.9 

KRAFT CANADA INC., 
 as
Issuer of the Securities 
 and 

THE GUARANTORS NAMED HEREIN, 

as Guarantors 
 and 

COMPUTERSHARE TRUST COMPANY OF CANADA, 

as Trustee 
 INDENTURE 

Dated as of July 6, 2015 

 TABLE OF CONTENTS 

 

			
		
	 	  	PAGE
	 ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	1
		
	 SECTION 101. Definitions.
	  	1
		
	 SECTION 102. Other Definitions.
	  	10
		
	 SECTION 103. Compliance Certificates and Opinions.
	  	11
		
	 SECTION 104. Form of Documents Delivered to the Trustee.
	  	11
		
	 SECTION 105. Acts of Holders.
	  	12
		
	 SECTION 106. Notices, etc., to Trustee and Issuer.
	  	13
		
	 SECTION 107. Notice to Holders; Waiver.
	  	14
		
	 SECTION 108. Conflict with Trust Indenture Legislation.
	  	14
		
	 SECTION 109. Effect of Headings and Table of Contents.
	  	15
		
	 SECTION 110. Successors and Assigns.
	  	15
		
	 SECTION 111. Separability Clause.
	  	15
		
	 SECTION 112. Benefits of Indenture.
	  	15
		
	 SECTION 113. Governing Law and Attornment.
	  	15
		
	 SECTION 114. Legal Holidays.
	  	16
		
	 SECTION 115. Immunity of Directors, Officers, Employees and Shareholders.
	  	16
		
	 SECTION 116. Certain Matters Relating to Currencies.
	  	16
		
	 SECTION 117. Trustee Not Bound to Act,
	  	17
		
	 SECTION 118. No Adverse Interpretation of Other Agreements.
	  	17
		
	 SECTION 119. Documents in English.
	  	17
		
	 SECTION 120. No Conflict With Series Supplements.
	  	18
		
	 SECTION 121. Language of Notices, etc.
	  	18
		
	 SECTION 122. Currency Of Payment.
	  	18
		
	 SECTION 123. Rules by Trustee and Agents.
	  	18
		
	 SECTION 124. SEC Reporting.
	  	18
		
	 SECTION 125. Compliance with Privacy Laws.
	  	19
		
	 SECTION 126. Counterparts.
	  	19
		
	 ARTICLE TWO THE SECURITIES
	  	19
		
	 SECTION 201. Title and Terms.
	  	19
		
	 SECTION 202. Establishment of Terms of Series of Securities.
	  	20
		
	 SECTION 203. Denominations.
	  	23
		
	 SECTION 204. Execution, Authentication, Delivery and Dating.
	  	23

  
 ii 

			
	 SECTION 205. Temporary Securities.
		25
		
	 SECTION 206. Registration, Registration of Transfer and Exchange.
		25
		
	 SECTION 207. Book-Entry Provisions for Global Securities.
		26
		
	 SECTION 208. Mutilated, Destroyed, Lost and Stolen Securities.
		28
		
	 SECTION 209. Payment of Interest; Interest Rights Preserved.
		29
		
	 SECTION 210. Persons Deemed Owners.
		30
		
	 SECTION 211. Cancellation.
		30
		
	 SECTION 212. Computation of Interest.
		30
		
	 ARTICLE THREE SATISFACTION AND DISCHARGE
		31
		
	 SECTION 301. Issuer’s Option to Effect Defeasance.
		31
		
	 SECTION 302. Defeasance And Discharge.
		31
		
	 SECTION 303. Conditions to Defeasance.
		31
		
	 SECTION 304. Satisfaction and Discharge of Indenture.
		33
		
	 SECTION 305. Deposited Money to be Held in Trust; Other Miscellaneous Provisions.
		34
		
	 SECTION 306. Reinstatement.
		34
		
	 ARTICLE FOUR REMEDIES
		35
		
	 SECTION 401. Events of Default.
		35
		
	 SECTION 402. Acceleration of Maturity; Rescission and Annulment.
		36
		
	 SECTION 403. Collection of Indebtedness and Suits for Enforcement by Trustee.
		37
		
	 SECTION 404. Trustee May File Proofs Of Claim.
		38
		
	 SECTION 405. Trustee May Enforce Claims Without Possession of Securities.
		39
		
	 SECTION 406. Application of Money Collected.
		39
		
	 SECTION 407. Limitation on Suits.
		40
		
	 SECTION 408. Unconditional Right of Holders to Receive Principal, Premium, if any, and Interest, if any.
		41
		
	 SECTION 409. Restoration of Rights and Remedies.
		41
		
	 SECTION 410. Rights and Remedies Cumulative.
		41
		
	 SECTION 411. Delay or Omission Not Waiver.
		41
		
	 SECTION 412. Control by Holders.
		41
		
	 SECTION 413. Waiver of Past Defaults.
		42
		
	 SECTION 414. Undertaking for Costs.
		42
		
	 ARTICLE FIVE THE TRUSTEE
		43
		
	 SECTION 501. Certain Duties and Responsibilities.
		43
		
	 SECTION 502. Notice of Defaults.
		44
		
	 SECTION 503. Certain Rights of Trustee.
		45
		
	 SECTION 504. Not Responsible for Recitals or Issuance of Securities.
		46

  
 iii 

			
	 SECTION 505. May Hold Securities.
		46
		
	 SECTION 506. Compensation, Reimbursement and Indemnity.
		46
		
	 SECTION 507. Conflicting Interests.
		48
		
	 SECTION 508. Corporate Trustee Required; Eligibility.
		48
		
	 SECTION 509. Resignation and Removal; Appointment of Successor.
		48
		
	 SECTION 510. Acceptance of Appointment by Successor.
		50
		
	 SECTION 511. Merger, Conversion, Consolidation or Succession to Business.
		51
		
	 SECTION 512. Authority to Carry On Business.
		52
		
	 SECTION 513. Trustee Not Required To Give Security.
		52
		
	 SECTION 514. Additional Representations and Warranties of Trustee.
		52
		
	 SECTION 515. Acceptance of Trusts.
		53
		
	 ARTICLE SIX HOLDERS’ LISTS AND REPORTS BY PARENT
		53
		
	 SECTION 601. Disclosure of Names and Addresses of Holders.
		53
		
	 SECTION 602. Reports by Parent.
		53
		
	 ARTICLE SEVEN SUCCESSORS
		54
		
	 SECTION 701. Issuer or Guarantor May Consolidate, etc.
		54
		
	 SECTION 702. Successor Substituted.
		55
		
	 ARTICLE EIGHT SUPPLEMENTS AND AMENDMENTS TO INDENTURE
		56
		
	 SECTION 801. Supplemental Indentures and Amendments Without Consent of Holders.
		56
		
	 SECTION 802. Supplemental Indentures and Certain Amendments With Consent of Holders.
		58
		
	 SECTION 803. Execution of Supplemental Indentures.
		59
		
	 SECTION 804. Effect of Supplemental Indentures.
		60
		
	 SECTION 805. Conformity with the Trust Indenture Legislation.
		60
		
	 SECTION 806. Reference in Securities to Supplemental Indentures.
		60
		
	 ARTICLE NINE COVENANTS
		60
		
	 SECTION 901. Payment of Principal, Premium and Interest.
		60
		
	 SECTION 902. Maintenance of Office or Agency.
		60
		
	 SECTION 903. Money for Securities Payments To Be Held in Trust.
		61
		
	 SECTION 904. Statements as to Compliance.
		62
		
	 SECTION 905. Limitations on Liens.
		63
		
	 SECTION 906. Sale and Leaseback Transactions.
		64
		
	 SECTION 907. Payment of Additional Amounts
		65
		
	 SECTION 908. Waiver of Certain Covenants.
		68
		
	 ARTICLE TEN REDEMPTION OF SECURITIES
		68
		
	 SECTION 1001. Right of Redemption.
		68

  
 iv 

			
	 SECTION 1002. Applicability of Article.
		69
		
	 SECTION 1003. Election to Redeem; Notice to Trustee.
		69
		
	 SECTION 1004. Selection by Trustee of Securities to be Redeemed.
		69
		
	 SECTION 1005. Notice of Redemption.
		70
		
	 SECTION 1006. Deposit of Redemption Price or Purchase Price.
		71
		
	 SECTION 1007. Securities Payable on Redemption Date.
		71
		
	 SECTION 1008. Securities Redeemed in Part.
		71
		
	 SECTION 1009. Securities Purchased in Part.
		72
		
	 SECTION 1010. Acquisition by Means Other Than Redemption.
		72
		
	 ARTICLE ELEVEN MEETINGS OF HOLDERS OF SECURITIES
		72
		
	 SECTION 1101. Purposes for Which Meetings May Be Called.
		72
		
	 SECTION 1102. Call, Notice and Place of Meetings.
		72
		
	 SECTION 1103. Persons Entitled to Vote at Meetings.
		73
		
	 SECTION 1104. Quorum; Action.
		73
		
	 SECTION 1105. Determination of Voting Rights; Conduct and Adjournment of Meetings.
		74
		
	 SECTION 1106. Counting Votes and Recording Action of Meetings.
		75
		
	 ARTICLE TWELVE GUARANTEES
		75
		
	 SECTION 1201. Guarantees.
		75
		
	 SECTION 1202. Release of Guarantor.
		75

  
 v 

 INDENTURE dated as of July 6, 2015 among Kraft Canada Inc., a corporation existing under the
federal laws of Canada (hereinafter called the “Issuer”), The Kraft Heinz Company, a corporation existing under the laws of the State of Delaware (“Parent”), as guarantor, Kraft Heinz Foods Company, a corporation existing under
the laws of the Commonwealth of Pennsylvania (the “Company”), as guarantor, and Computershare Trust Company of Canada, a trust company existing and licensed under the federal laws of Canada, as trustee (hereinafter called the
“Trustee”). 
 WHEREAS the Issuer wishes to issue from time to time Securities in the manner provided for in this Indenture; 

NOW, THEREFORE, THIS INDENTURE WITNESSES that, for good and valuable consideration, the receipt and sufficiency of which are acknowledged by
the Issuer and the Trustee, the Issuer and the Trustee agree, for the equal and proportionate benefit of all Holders of the securities issued under this Indenture (the “Securities”), as follows: 

ARTICLE ONE  

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

SECTION 101. Definitions. 
 For all
purposes of this Indenture and all Securities issued hereunder, except as otherwise expressly provided or unless the context otherwise requires: 

(a) the terms defined in this Article One have the meanings assigned to them in this Article One, and include the plural as
well as the singular; 
 (b) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles in the United States, and the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as
are generally accepted in the United States at the date or time of such computation; 
 (c) the words “herein”,
“hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 

(d) the words “include”, “includes” and “including” as used herein shall be deemed in each case
to be followed by the phrase “without limitation.” 
 Certain terms are defined in those Articles in which they are used principally. 

“Act,” when used with respect to any Holder, has the meaning specified in Section 105. 

  
 1 

 “Affiliate” of any specified Person means any other Person directly or indirectly
controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control,” when used with respect to any specified Person, means the power to direct the management
and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Attributable Debt” means, with regard to a Sale and Leaseback Transaction with respect to a Principal Facility, an amount equal to
the lesser of: (a) the fair market value of the property (as determined in good faith by Parent’s Board of Directors); and (b) the present value of the total net amount of rent payments to be made under the lease during its remaining
term (including any period for which such lease has been extended and excluding any unexercised renewal or other extension options exercisable by the lessee, and excluding amounts on account of maintenance and repairs, services, taxes and similar
charges and contingent rents), discounted at the rate of interest set forth or implicit in the terms of the lease (or, if not practicable to determine such rate, the weighted average interest rate per annum borne by the Securities then outstanding),
compounded semi-annually. 
 “Beneficial Owner” means (a) with respect to Book-Entry Securities, the Person who is the
beneficial owner of such Book-Entry Securities as reflected on the books of a Clearing Agency or a Clearing Agency Participant maintaining an account with a Clearing Agency (directly or as an indirect participant, in accordance with the rules of a
Clearing Agency); or (b) with respect to Securities other than Book-Entry Securities, a Person who is (i) a beneficial owner of such Securities and as reflected on the Security Register or (ii) a Person who is the beneficial owner of
such Securities and as reflected on the books of a registered Holder who holds such Securities on behalf of the beneficial owner, as the case may be. 

“Board of Directors” means, with respect to any Person, the board of directors of such Person or any duly authorized committee of
that board or any director or directors and/or officer or officers of such Person to whom that board or committee shall have duly delegated its authority. Unless otherwise specified or the context otherwise requires, “Board of Directors”
means the Board of Directors of the Issuer. 
 “Board Resolution” means, with respect to any Person, (1) a copy of a
resolution duly adopted by the Board of Directors of such Person and in full force and effect on the date of such certification, or (2) a certificate signed by the director or directors or officer or officers of such Person to whom the Board of
Directors shall have duly delegated its authority, and delivered to the Trustee Unless otherwise specified or the context otherwise requires, “Board Resolution” means a Board Resolution of the Issuer. 

“Book-Based System” means, in relation to the Global Securities of a Series, the debt clearing, record entry, transfer and pledge
systems and services established and operated by or on behalf of the related Depositary for such Series (including where applicable pursuant to one or more agreements between such Depositary and its participants establishing the rules and procedures
for such systems and services). 

  
 2 

 “Book-Entry Securities” means any Global Securities issued or registered in the name of
a Clearing Agency maintaining book-entry records with respect to the ownership and transfer of such Securities, or its nominee, or a custodian of such Clearing Agency, or its nominee, and for which registration, transfer and exchange of such
Securities or any interest therein may not be effected by the Trustee or any other Person maintaining the Security Register, except in accordance with the terms of this Indenture and the rules of the Clearing Agency. 

“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which (a) is not a day on which banking institutions
and trust companies in the City of Toronto, Ontario are authorized or required by law, regulation or executive order to be closed, and (b) in connection with a particular Series, is a day in any Place of Payment relative to such Series on which
the related Depositary, if any, for such Series processes transactions under its Book-Based System. 
 “Canadian dollars”,
“Cdn$” and “$” each mean lawful currency of Canada. 
 “Capital Stock” of any Person means shares, interests,
rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) the equity of such Person, including any preferred stock, but excluding any debt securities convertible into such equity. 

“CDS” means CDS Clearing and Depository Services Inc., together with its successors from time to time. 

“Clearing Agency” means, in relation to a Series issuable in whole or in part in the form of one or more Global Securities, CDS or
any other organization recognized as a “clearing agency” pursuant to applicable securities law that is specified for such purpose in the related Series Supplement. 

“Clearing Agency Participant” means a broker, dealer, bank, other financial institution or other Person for whom from time to time a
Clearing Agency effects book-entry transfers and pledges of Book-Entry Securities held by the Clearing Agency. 
 “Code” means
U.S. Internal Revenue Code of 1986, as amended, and the regulations thereunder 
 “Company” means the Person named as the
“Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 

  
 3 

 “Consolidated Capitalization” means the total assets appearing on the most recent
available consolidated balance sheet of Parent, less the following: 
 (i) current liabilities reflected on such consolidated balance sheet,
including liabilities for indebtedness maturing more than 12 months from the date of the original creation thereof, but maturing within 12 months from the date of such consolidated balance sheet; and 

(ii) deferred income tax liabilities reflected in such consolidated balance sheet. 

“Consolidated Net Tangible Assets” means the excess of all assets over current liabilities appearing on the most recent available
consolidated balance sheet of Parent, less goodwill and other intangible assets and the minority interests of third parties in Subsidiaries. 

“Corporate Trust Office” means the principal office of the Trustee at which at any time its corporate trust business shall be
administered, which office at the date of execution of this Indenture is located at 100 University Avenue, 11th Floor, Toronto, Ontario M5J 2Y1, Canada, or such other address as the Trustee may designate from time to time by notice to the Holders
and the Issuer, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Issuer). 

“corporation” includes corporations, limited liability companies, companies and business trusts. 

“Default” means, with respect to a Series, any event that is, or after notice or passage of time or both would be, an Event of
Default with respect to such Series. 
 “Depositary” means, with respect to a Series issuable in whole or in part in the form of
one or more Global Securities, the Clearing Agency or Clearing Agencies designated in or pursuant to the related Series Supplement as the Depositary or Depositaries for such Series, together with their respective successors in such capacity;
provided, however, that, if no Clearing Agency is so designated in the related Series Supplement, “Depositary” means, with respect to such Series, CDS. 

“Discount Securities” means Securities, other than Linked Securities, issued pursuant to this Indenture which are offered for a
price less than the amount thereof to be due and payable at Maturity other than solely due to such amount being determined by application of a multiplier or leverage factor. 

“Event of Default” has the meaning specified in Section 401. 

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

“Global Security” means a Security of a Series in global form. 

“Government Obligations” means securities which are (i) direct obligations of the government which issued the currency in which
the Securities of a particular Series are payable or (ii) obligations of a Person controlled or supervised by or acting as an agency 

  
 4 

 
or instrumentality of the government which issued the currency in which the Securities of such Series are payable, the payment of which is unconditionally guaranteed by such government, which, in
either case, are not callable or redeemable at the option of the issuer thereof. 
 “Guarantee” means the guarantee by any
Guarantor of the Issuer’s obligations under this Indenture and the Securities. 
 “Guarantor” means either Parent or the
Company, in each case until a successor replaces it in accordance with the applicable provisions of Section 702 and, thereafter, means its successor. 

“Holder” means a Person in whose name a Security is registered in the Security Register (and including, for greater certainty, in
the case of any Global Security, the applicable Depositary or its nominee which has possession of such Global Security or in whose name such Global Security is registered, as the case may be). 

“Holder Direction” means, in respect of an Act of Holders of a Series, an approval of or direction to make, give or take such Act
given (i) by Holders of more than 50% of the principal amount of such Series then Outstanding voted (either in person or by proxies duly appointed in writing) at a meeting of such Holders duly called and held in accordance with the provisions
of Article Eleven or (ii) pursuant to an instrument in writing signed in one or more counterparts by Holders (in person or by their agent duly appointed in writing) of more than 50% of the principal amount of such Series then Outstanding. 

“Indenture” means (i) this instrument as originally executed (including all exhibits and schedules hereto) and as it may from
time to time be supplemented, amended or otherwise modified (other than by a Series Supplement), or (ii) with respect to a particular Series, this Indenture as defined in clause (i) above as supplemented by the related Series Supplement.

 “Interest Payment Date”, when used with respect to any Security, means the Stated Maturity of an installment of interest on
such Security. 
 “Issuer” means the Person named as the “Issuer” in the first paragraph of this Indenture, until a
successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Issuer” shall mean such successor Person. To the extent necessary to comply with the requirements of the provisions of the
Trust Indenture Legislation as they are applicable to the Issuer, the term “Issuer” shall include any other obligor with respect to the Securities for the purposes of complying with such provisions. 

“Issuer Request” or “Issuer Order” means a written request or order signed in the name of the Issuer by any of the
following officers: its President, its Chief Executive Officer, its Chief Financial Officer, any Vice-President, its Treasurer, its Secretary, its Assistant Secretary or its General Counsel, and delivered to the Trustee. 

  
 5 

 “Lien” means any mortgage or deed of trust, charge, pledge, lien (statutory or
otherwise), privilege, security interest, assignment, easement, hypothecation, claim, preference, priority or other encumbrance upon or with respect to any property of any kind (including any conditional sale, capital lease or other title retention
agreement, any leases in the nature thereof), real or personal, moveable or immovable, now owned or hereafter acquired; provided, however, that in no event shall an operating lease be deemed to constitute a Lien. 

“Linked Securities” means Securities the Maturity Consideration of which or any other payment thereon will be determined by
reference to: (a) one or more equity or debt securities, including, but not limited to, the price or yield of such securities; (b) any statistical measure of economic or financial performance, including, but not limited to, any currency,
consumer price or mortgage index; or (c) the price or value of any commodity or any other item or index or any combination thereof. 

“Maturity”, when used with respect to any Security, means the date on which the principal of (and premium, if any) and interest on
such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity thereof or by declaration of acceleration, call for redemption, request for redemption, repayment at the option of the holder or otherwise. 

“Maturity Consideration” means, with respect to Securities of a Series (whether or not issued by, or the obligation of, the Issuer),
the amount of money (including payment of principal and premium, if any, and any accrued but unpaid interest thereon), or a combination of money, securities and/or other property, in either case payable or deliverable upon payment of the discharge
of the Securities of such Series upon Maturity. 
 “Officer’s Certificate” means a certificate signed by any one of the
following officers of the Issuer (or, if to be delivered by another Person, such Person): its President, its Chief Executive Officer, its Chief Financial Officer, any Vice President, its Treasurer, its Secretary, its Assistant Secretary or its
General Counsel. 
 “Opinion of Counsel” means a written opinion of counsel, who may be an employee of or counsel for the Issuer,
a Guarantor or any of their Affiliates, as applicable. 
 “Outstanding”, when used with respect to the Securities or a Series of
Securities means, as of the date of determination, all Securities (or all Securities of such Series, as applicable) theretofore authenticated and delivered under this Indenture, except: 

(a) Securities theretofore cancelled by the Trustee or delivered to the Trustee, the related Security Registrar or the related
Paying Agent for cancellation; 
 (b) Securities, or portions thereof, for whose payment, redemption or purchase money in the
necessary amount and in the required currency or currency unit has been theretofore deposited with the Trustee or any related Paying Agent (other than the Issuer or any other obligor upon the Securities) in trust or set aside

  
 6 

 
and segregated in trust by the Issuer or any other obligor upon the Securities (if the Issuer or any other obligor upon the Securities shall act as its own Paying Agent) for the Holders of such
Securities; provided, however, that, if such or portions thereof are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture, or provision therefor satisfactory to such Trustee has been made; and 

(c) Securities which have been paid pursuant to Section 208 or in exchange for or in lieu of which other Securities have
been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose
hands the Securities are valid obligations of the Issuer. 
 provided, however, that in determining whether the Holders of the requisite principal amount of
Outstanding Securities (or Series of Outstanding Securities) have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Securities for quorum purposes, (1) Securities
owned by the Issuer, or any other obligor upon the Securities or any Affiliate of the Issuer or such other obligor, shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying
upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith
may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Issuer or any other obligor upon the Securities or any
Affiliate of the Issuer or such other obligor, (2) the principal amount of a Discount Security that may be counted in making such determination and that shall be deemed to be Outstanding for such purposes shall be equal to the face amount due
and payable at Maturity, and (3) the principal amount of a Security denominated in currency or currency unit other than Canadian dollars that may be counted in making such determination and that shall be deemed to be Outstanding for such
purposes shall be determined in accordance with Section 116. 
 “Paying Agent” means, in respect of a Series, any Person
authorized by the Issuer in or pursuant to this Indenture or the related Series Supplement to pay the principal of (or premium, if any) or interest on any Securities of such Series on behalf of the Issuer. 

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

“Person” means any individual, firm, corporation, partnership, association, joint venture, tribunal, trust, government or political
subdivision or agency or instrumentality thereof, or any other entity or organization. 

  
 7 

 “Place of Payment” means, in relation to a Series, the place or places where the
principal of (and premium or other amounts, if any) and interest on Securities of such Series are payable as specified in the related Series Supplement or, if no Place of Payment is specified in such Series Supplement, the Corporate Trust Office of
the Trustee located in the City of Toronto, Ontario. 
 “Predecessor Security” of any particular Security means every previous
Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 208 in exchange for a mutilated Security or in
lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Security. 

“Principal Facility” means all real property owned and operated by Parent or any Subsidiary located within the United States and
constituting part of any manufacturing plant or distribution facility, including all attached plumbing, electrical, ventilating, heating, cooling, lighting and other utility systems, ducts and pipes but excluding trade fixtures (unless their removal
would cause substantial damage to the manufacturing plant or distribution facility), business machinery, equipment, motorized vehicles, tools, supplies and materials, security systems, cameras, inventory and other personal property and materials.
However, no manufacturing plant or distribution facility will be a Principal Facility unless its net book value exceeds 2% of Consolidated Net Tangible Assets. 

“Purchase Date” means, with respect to any Securities of a Series to be repurchased, the date fixed for such repurchase by or
pursuant to this Indenture. 
 “Purchase Price” means the amount payable for the repurchase of any Securities of a Series on a
Purchase Date, exclusive of accrued and unpaid interest thereon to the Purchase Date, unless otherwise specifically provided. 

“Redemption Date”, when used with respect to any Security to be redeemed in whole or in part, means the date fixed for such
redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means,
unless otherwise specified in such Security or the Series Supplement in respect of such Security, the price at which it is to be redeemed pursuant to this Indenture. 

“Regular Record Date” means, for the interest payable on any Interest Payment Date, the date specified with respect to such Series
(whether or not a Business Day) in the related Series Supplement. 
 “Responsible Officer” means, when used with respect to the
Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs
functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and
who shall have direct responsibility for the administration of this Indenture. 

  
 8 

 “Restricted Subsidiary” means any Subsidiary of Parent (a) substantially all the
property of which is located, or substantially all the business of which is carried on, within the United States and (b) that owns a Principal Facility. 

“Sale and Leaseback Transaction” means the sale or transfer of a Principal Facility with the intention of taking back a lease of
such property, except (i) a lease for a temporary period of less than 3 years, including renewals, with the intent that the use by Parent or any Restricted Subsidiary will be discontinued on or before the expiration of such period or
(ii) a lease between Parent and one or more of its Subsidiaries or between one or more Subsidiaries of Parent. 
 “Security”
and “Securities” have the meaning set forth in the paragraph immediately preceding Section 101 of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture. 

“SEC” means the United States Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act.

 “Series” or “Series of Securities” means all Securities of a series, whether or not any such Securities have been or
are to be issued on the same date. 
 “Series Supplement” means, with respect to a Series, a supplement to this Indenture
establishing the terms and conditions applicable to such Series, as such supplement may be amended, modified, supplemented, consolidated or restated from time to time. 

“Special Record Date” means a date fixed by the Trustee for the payment of any Defaulted Interest pursuant to Section 209. 

“Stated Maturity” means, when used with respect to any Security or any installment of principal or interest thereon, the date
specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 

“Subsidiary” means, with respect to any Person, any corporation, association, partnership or other legal entity of which more than
50% of the total voting power is at the time owned or controlled, directly or indirectly, by: (1) such Person, (2) such Person and one or more Subsidiaries of such Person or (3) one or more Subsidiaries of such Person. Unless
otherwise specified or the context shall otherwise require, “Subsidiary” means a Subsidiary of Parent. 
 “Trust Indenture
Legislation” means, with respect to a Series, at any time, any applicable statute of Canada or any province thereof, in each case, relating to trust indentures for debt obligations and the rights, duties and obligations of trustees and of
corporations issuing or guaranteeing debt obligations under trust indentures, in each case only to the extent that such provisions are at such time in force and applicable to this Indenture, the Issuer, any Guarantor or the Trustee. 

  
 9 

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

“United States” means, unless otherwise specified with respect to Securities of any Series, the United States of America (including
the States and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction (including the Commonwealth of Puerto Rico). 

“U.S.$” and “U.S. dollars” each mean lawful currency of the United States of America. 

SECTION 102. Other Definitions. 
  

					
	 DEFINED TERM
	  	DEFINED
IN SECTION	 
	 Additional Amounts
	  	 	907	  
	 Bankruptcy Law
	  	 	401	(d) 
	 Company
	  	 	Recitals	  
	 Defaulted Interest
	  	 	209	  
	 defeasance
	  	 	302	  
	 First Currency
	  	 	115	  
	 Other Currency
	  	 	115	  
	 Parent
	  	 	Recitals	  
	 Privacy Laws
	  	 	123	  
	 Security Register
	  	 	206	  
	 Security Registrar
	  	 	206	  
	 Successor Purchaser
	  	 	701	  
	 Taxes
	  	 	907	  
	 Tax Jurisdiction
	  	 	907	  
	 value
	  	 	906	  

  
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 SECTION 103. Compliance Certificates and Opinions. 

Upon any application or request by the Issuer to the Trustee to take any action under any provision of this Indenture, the Trustee may require
the Issuer to furnish to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture (including any covenant, the compliance with which constitutes a condition precedent) relating to the
proposed action have been complied with or an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, or both, except that, in the case of any such application or request as to
which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. Where this Indenture requires that the
Issuer’s compliance with its conditions are subject to review by an auditor or accountant, an opinion or report shall be delivered by the auditor of the Issuer, or any accountant licensed as an accountant under the legislation of the
jurisdiction in which the accountant practices, evidencing that such conditions have been complied with in accordance with the terms of this Indenture, which opinion or report shall be based on the examinations or enquiries required to be made by
such Person under this Indenture. 
 Every certificate (other than certificates provided pursuant to Section 904), opinion or report
with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (a) a statement that
the individual signing such certificate or opinion has read such covenant or condition and the definitions and other terms herein relating thereto; 

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate, opinion or report, as applicable, are based; 
 (c) a statement that, in the opinion of the
individual, such individual has made such examination or investigation as such individual believes is necessary to enable such individual to make the statements or give the opinions contained or expressed therein; and 

(d) a statement as to whether, in the opinion of the individual, such covenant or condition has been complied with or
satisfied. 
 SECTION 104. Form of Documents Delivered to the Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered 

  
 11 

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

SECTION 105. Acts of Holders. 
 Any
request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of one or more Series of Securities may be made, given or taken by way of a Holder Direction from
Holders of such one or more Series; and, except as herein otherwise expressly provided, such action shall become effective when the instrument or record in respect of the Holder Direction is delivered to the Trustee and, where it is hereby expressly
required, to the Issuer. Such instrument and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments and so voting at any
such meeting or by proxy. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and (subject to Section 501 and
the Trust Indenture Legislation) conclusive in favor of the Trustee and the Issuer, if made in the manner provided in this Section 105. The record of any meeting of Holders of Securities shall be proved in the manner provided in
Section 1106. 
 Without limiting the generality of this Section 105, unless otherwise established in or pursuant to a Series
Supplement pursuant to Section 202, a Holder, including a Clearing Agency that is a Holder of a Global Security, may make, give or take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction, notice,
consent, waiver or other action provided in this Indenture to be made, given or taken by Holders, and a Clearing Agency that is a Holder of a Global Security may provide its proxy or proxies to the Beneficial Owners of interests in any such Global
Security through such Clearing Agency’s standing instructions and customary practices. 

  
 12 

 The fact and date of the execution by any Person of any such instrument or writing may be proved
in any reasonable manner which the Trustee deems sufficient and in accordance with such reasonable rules as the Trustee may determine; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this
Section 105. 
 The ownership of Securities and the principal amount and serial numbers of Securities held by any Person, and the date
of holding the same, shall be proved by the Security Register. 
 If the Issuer shall solicit from the Holders any request, demand,
authorization, direction, notice, consent, waiver or other Act, the Issuer may, at its option, fix in advance a record date for the determination of the Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver
or other Act, but the Issuer shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders
of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Securities (or Series of Securities) then Outstanding have authorized or agreed or
consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for this purpose the Securities (or Securities of a Series of Securities) then Outstanding shall be computed as of such record date; provided that
no such request, demand, authorization, direction, notice, consent, waiver or other Act by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than eleven
months after the record date. 
 Any request, demand, authorization, direction, notice, consent, waiver or other Act by the Holder of any
Security shall bind every future Holder of the same Security or the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done, suffered or omitted to be done by
the Trustee, any Paying Agent, any Security Registrar or the Issuer in reliance thereon, whether or not notation of such action is made upon such Security. 

SECTION 106. Notices, etc., to Trustee and Issuer. 

Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 (a) the Trustee by any Holder or the Issuer shall be
sufficient for every purpose hereunder if made, given, furnished or delivered, in writing, to or with the Trustee at its Corporate Trust Office, Attention: Manager, Corporate Trust, Fax: (416) 981-9777; and 

(b) the Issuer by the Trustee or any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly
provided) if made, given, 

  
 13 

 
furnished or delivered in writing to the Issuer to 95 Moatfield Dr, North York, ON M3B 3L6, Attention: Secretary , fax: (416) 441-5328, with a copy to Kraft Heinz Foods Company, One PPG
Place, Pittsburgh, Pennsylvania 15222, Attention: General Counsel, fax: (412) 456-6115), or, in either case, at any other address previously furnished in writing to the Trustee by the Issuer. 

Any such request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document shall be deemed to have been
received on the day made, given, furnished or delivered except when sent by facsimile transmission, in which case it will be deemed to have been received on the day of transmittal, if such facsimile was transmitted on a Business Day during normal
business hours of the recipient, or on the next succeeding Business Day, if not transmitted on a Business Day or during such business hours. Each of the Trustee and the Issuer may from time to time notify the other party of a change in address or
facsimile number by notice as provided in this Section 106. 
 SECTION 107. Notice to Holders; Waiver. 

Except as otherwise expressly provided herein or in a Series Supplement, where this Indenture provides for notice to Holders of any event, such
notice shall be sufficiently given (unless otherwise herein expressly provided) to each Holder affected by such event if in writing and mailed, first-class postage prepaid, at such Holder’s address as it appears in the Security Register, or
delivered electronically to such Holder, in each case not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail or delivered electronically,
neither the failure to mail or deliver such notice, nor any defect in any notice so mailed or delivered, to any particular Holder shall impair or affect the validity or sufficiency of such notice with respect to other Holders. Any notice mailed or
delivered electronically to a Holder in the aforesaid manner shall be conclusively deemed to have been received by such Holder when mailed or delivered, as applicable, whether or not actually received by such Holder. Where this Indenture provides
for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with
the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 In case
by reason of the suspension of regular mail service or by reason of any other cause, it shall be impracticable to mail notice of any event as required by any provision of this Indenture, then any method of giving such notice as shall be satisfactory
to the Trustee shall be deemed to be a sufficient giving of such notice. 
 SECTION 108. Conflict with Trust Indenture Legislation. 

If and to the extent that any provision of this Indenture (including any Series Supplement or other supplemental indenture) limits, qualifies
or conflicts with a mandatory requirement of the Trust Indenture Legislation, such mandatory requirement 

  
 14 

 
shall prevail. At all times in relation to this Indenture, any supplemental indenture and any action to be taken hereunder or thereunder, the Issuer, any Guarantor and the Trustee each shall
observe and comply with the Trust Indenture Legislation and the Issuer, any Guarantor, the Trustee and each Holder shall be entitled to the benefits of the Trust Indenture Legislation. 

SECTION 109. Effect of Headings and Table of Contents. 

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

SECTION 110. Successors and Assigns. 

All covenants and agreements in this Indenture by the Issuer shall bind its successors and permitted assigns (if any), whether so expressed or
not. All covenants and agreements of the Trustee in this Indenture shall bind its successors and permitted assigns (if any), whether so expressed or not. 

SECTION 111. Separability Clause. 

In case any provision in this Indenture or in the Securities 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 112. Benefits of Indenture. 

Nothing in this Indenture or in the Securities, express or implied, shall give to any Person (other than the parties hereto, any Paying Agent
and any Security Registrar, and their respective successors hereunder, and the Holders) any benefit or any legal or equitable right, remedy or claim under this Indenture or in respect of the Securities. 

SECTION 113. Governing Law and Attornment. 

This Indenture and the Securities shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of
Canada applicable therein except with respect to any obligations of a Guarantor under its Guarantee, which shall be governed by and construed in accordance with the laws of the State of New York. With respect to any suit, action or proceedings
relating to this Indenture or any Securities, each of the parties hereto and, by their acceptance of Securities and the benefits of this Indenture and the related Series Supplement, the Holders from time to time irrevocably submits and attorns to
the non-exclusive jurisdiction of the courts of the Province of Ontario except with respect to any such suit, action or proceedings relating to any obligations of a Guarantor with respect to its Guarantee, with respect to which the Holders from time
to time irrevocably submit and attorn to the non-exclusive jurisdiction of any state or Federal court in the Borough of Manhattan, New York, New York, and any appellate court from any thereof, and each of them irrevocably submits to the
non-exclusive jurisdiction of such courts in any suit, action or proceeding. 

  
 15 

 SECTION 114. Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date, date established for payment of Defaulted Interest pursuant to Section 209
or Stated Maturity with respect to any Security shall not be a Business Day, then (notwithstanding any other provision of this Indenture or of the Securities other than a provision in the Securities of any Series which specifically states that such
provision shall apply in lieu of this Section 114) payment of interest or principal (and premium or other amounts, if any) need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if
made on the Interest Payment Date, Redemption Date, date established for payment of Defaulted Interest pursuant to Section 209 or Stated Maturity and no interest shall accrue with respect to such payment for the period from and after such
Interest Payment Date, Redemption Date, date established for payment of Defaulted Interest pursuant to Section 209 or Stated Maturity to the next succeeding Business Day. 

SECTION 115. Immunity of Directors, Officers, Employees and Shareholders. 

No recourse shall be had for the payment of principal of, or premium, if any, or interest, if any, on any Security of any Series, or for any
claim based thereon, or upon any obligation, covenant or agreement of this Indenture, against any director, officer, employee, incorporator or shareholder, as such, past, present or future, of Parent or any of its Subsidiaries or Affiliates or of
any successor corporation, either directly or indirectly through Parent or any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment of penalty or otherwise; it being expressly
agreed and understood that this Indenture and all the Securities of each Series are solely corporate obligations, and that no personal liability whatever shall attach to, or is incurred by, any director, officer, employee, incorporator or
shareholder, as such, past, present or future, of Parent or any of its Subsidiaries or Affiliates or of any successor corporation, either directly or indirectly through Parent or any of its Subsidiaries or Affiliates or any successor corporation,
because of the incurring of the indebtedness hereby authorized or under or by reason of any of the obligations, covenants or agreements contained in this Indenture or in any of the Securities, or to be implied herefrom or therefrom; and that all
such personal liability is hereby expressly released and waived by each Holder as a condition of, and as part of the consideration for, the execution of this Indenture and the issuance of the Securities of each Series. 

SECTION 116. Certain Matters Relating to Currencies. 

Each reference to any currency or currency unit in any Security, or in the Series Supplement or other supplemental indenture relating thereto,
shall mean only the referenced currency or currency unit and no other currency or currency unit. The Trustee shall segregate moneys, funds and accounts held by the Trustee in one currency or currency unit from any moneys, funds or accounts held in
any other currencies or currency units, notwithstanding any provision herein which would otherwise permit the Trustee to commingle such amounts. 

  
 16 

 For purposes of the construction of the terms of this Indenture or of the Securities, in the
event that any amount is stated herein in the currency of one nation (the “First Currency”), as of any date such amount shall also be deemed to represent the amount in the currency of any other relevant nation (the “Other
Currency”) which is required to purchase such amount in the First Currency at the rate of exchange quoted by the Royal Bank of Canada at its central foreign exchange desk in its head office in Toronto at 12:00 noon (Toronto, Ontario time) on
the date of determination. Whenever any action or Act is to be taken hereunder by the Holders of Securities denominated in a currency or currency unit other than Canadian dollars, then for purposes of determining the principal amount of Securities
held by such Holders, the aggregate principal amount of the Securities denominated in such foreign currency or currency unit shall be deemed to be that amount of Canadian dollars that could be obtained for such principal amount on the basis of such
rate of exchange. 
 SECTION 117. Trustee Not Bound to Act, 

The Trustee shall retain the right not to act and shall not be liable for refusing to act if, due to a lack of information or for any other
reason whatsoever, the Trustee, in its sole judgment, determines that such act might cause it to be in non-compliance with any applicable anti-money laundering or
anti-terrorist legislation, regulation or guideline. Further, should the Trustee, in its sole judgment, determine at any time that its acting under this Indenture has resulted in its being in non-compliance
with any applicable anti-money laundering or anti-terrorist legislation, regulation or guideline, then it shall have the right to resign on ten days’ written notice
to the Issuer; provided that (a) the Trustee’s written notice shall describe the circumstances of such non-compliance, and (b) if such circumstances are rectified to the Trustee’s satisfaction within such ten-day period, then
such resignation shall not be effective. 
 To help the government fight the funding of terrorism and money laundering activities, federal
law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. 
 SECTION 118.
No Adverse Interpretation of Other Agreements. 
 This Indenture may not be used to interpret any other indenture, loan or debt agreement
of the Issuer, any Guarantor or their respective Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

SECTION 119. Documents in English. 

The Issuer, the Trustee and, by their acceptance of Securities and the benefits of this Indenture (including the related Series Supplement),
the Holders acknowledge that this Indenture, each Security and each document related hereto and thereto (whether or not any of such documents is also drawn up in French) has been drawn up in English at the express will of such Persons. Les parties
à ces présentes conviennent que ces présentes ainsi que tout document qui s’y rattache (incluant tout document rédigé en francais et en anglais) soient rédigés en langue anglais à la
volunté express des parties. 

  
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 SECTION 120. No Conflict With Series Supplements. 

The terms and provisions of a Series Supplement for any particular Series may eliminate, modify, amend or add to any of the terms and
provisions of this Indenture, but solely as applied to such Series. The insertion of the phrase “in any Series Supplement”, “unless otherwise provided in the related Series Supplement” or similar phrases in this Indenture, or the
absence of any such phrase, shall not limit the scope of or otherwise affect the proceeding sentence or Section 202. For greater certainty, if a term or provision contained in this Indenture shall conflict or be inconsistent with a term or
provision of any such Series Supplement, such Series Supplement shall govern with respect to the Series to which it relates; provided, however, that the terms and provisions of such Series Supplement may eliminate, modify, amend or add to the terms
and provisions of this Indenture solely as applied to such Series. 
 SECTION 121. Language of Notices, etc. 

Any request, demand, authorization, direction, notice, consent, election or waiver required or permitted under this Indenture shall be in the
English language (or in the French language in the Province of Québec, but only to the extent required by law), except that, if the Issuer so elects, any published notice may be in an official language of the country of publication to the
extent permitted by law. 
 SECTION 122. Currency Of Payment. 

Unless expressly provided to the contrary in this Indenture or otherwise expressly provided in the Series Supplement in respect of a Series,
all payments to be made hereunder and in respect of any Series shall be made in Canadian dollars. 
 SECTION 123. Rules by Trustee and Agents.

 The Trustee may make reasonable rules for action by or at a meeting of Holders. The Security Registrar or Paying Agent may make
reasonable rules and set reasonable requirements for its functions. 
 SECTION 124. SEC Reporting. 

The Issuer confirms that as at the date of execution of this Indenture it does not have a class of securities registered pursuant to
Section 12 of the Exchange Act or has a reporting obligation pursuant to Section 15(d) of the Exchange Act. The Issuer covenants that in the event that (i) any class of its securities shall become registered pursuant to
Section 12 of the Exchange Act or the Issuer shall incur a reporting obligation pursuant to Section 15(d) of the Exchange Act, or (ii) any such registration or reporting obligation shall be terminated by the Issuer in accordance with
the Exchange Act, the Issuer shall promptly deliver to the Trustee an Officer’s Certificate (in a form provided by the Trustee) notifying the Trustee of such registration or termination and such other

  
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information as the Trustee may require at the time. The Issuer acknowledges that the Trustee is relying upon the foregoing representation and covenants in order to meet certain SEC obligations
with respect to those clients who are filing with the SEC. 
 SECTION 125. Compliance with Privacy Laws. 

The parties acknowledge that federal and/or provincial legislation that addresses the protection of individuals’ personal information
(collectively, “Privacy Laws”) applies to obligations and activities under this Indenture. Despite any other provision of this Indenture, no party shall take or direct any action that would contravene, or cause the other to contravene,
applicable Privacy Laws. The Issuer shall, prior to transferring or causing to be transferred personal information to the Trustee, obtain and retain required consents of the relevant individuals to the collection, use and disclosure of their
personal information, or shall have determined that such consents either have previously been given upon which the parties can rely or are not required under the Privacy Laws. The Trustee shall use commercially reasonable efforts to ensure that its
services hereunder comply with Privacy Laws. Specifically, the Trustee agrees: (a) to have a designated chief privacy officer, (b) to maintain policies and procedures to protect personal information and to receive and respond to any
privacy complaint or inquiry, (c) to use personal information solely for the purposes of providing its services under or ancillary to this Indenture and not to use it for any other purpose except with the consent of or direction from the Issuer
or the individual involved, (d) not to sell or otherwise improperly disclose personal information to any third party, and (e) to employ administrative, physical and technological safeguards to reasonably secure and protect personal
information against loss, theft, or unauthorized access, use or modification. 
 SECTION 126. Counterparts. 

This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the
parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

ARTICLE TWO  
 THE
SECURITIES 
 SECTION 201. Title and Terms. 

An unlimited aggregate principal amount of Securities may be authenticated and delivered under this Indenture. The Securities may be issued in
one or more Series. All Securities of a Series shall be identical except as may be set forth in the applicable Series Supplement detailing the adoption of the terms thereof. In the case of Securities of a Series to be issued from time to time, the
Series Supplement may provide for the method 

  
 19 

 
by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any
matters. 
 Except as otherwise provided in the related Series Supplement, the Issuer hereby designates the Corporate Trust Office in the
City of Toronto, Ontario as the Place of Payment for each Series (and, if the Issuer shall designate and maintain an additional office or agency at the Place of Payment in respect of such Series, also such additional Place of Payment) and initially
appoints the Trustee as the Paying Agent therefor; provided, however, that, at the option of the Issuer, interest may be paid by cheque mailed to addresses of the Persons entitled thereto as such addresses shall appear on the Security Register;
provided further that all payments of the principal of, and interest, premium and other amounts, if any, on, Securities, the Holders of which have given wire transfer instructions to the Issuer or the Paying Agent at least 10 Business Days prior to
the applicable payment date and hold at least Cdn$1,000,000 (for Securities denominated in Canadian dollars) or U.S.$1,000,000 (for Securities denominated in U.S. dollars), or the equivalent amount in any other currency or currencies, in principal
amount of Securities, will be required to be made by wire transfer of immediately available funds to the accounts specified by such Holders in such instructions. Any such wire transfer instructions received by the Issuer or the Paying Agent shall
remain in effect until revoked by such Holder. Notwithstanding the foregoing, the final payment of principal shall be payable only upon surrender of the Security to the Paying Agent. 

To the extent that any Series Supplement provides that the related Series are redeemable, the Securities shall be redeemable as provided in
Article Ten. 
 SECTION 202. Establishment of Terms of Series of Securities. 

At or prior to the issuance of any Securities within a Series, the following shall be established by a Series Supplement pursuant to authority
granted under a Board Resolution of the Issuer: 
 (a) the title of the Securities of the Series (which shall distinguish the Securities of
that particular Series from the Securities of any other Series); 
 (b) any limit upon the aggregate principal amount of the Securities of
the Series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series); 

(c) the ranking of the Securities of the Series relative to other obligations of the Issuer and the terms of any subordination provisions;

 (d) the date or dates (or manner of determining the same) on which the Maturity Consideration for the Securities of the Series are
payable; 

  
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 (e) whether the Securities of the Series will bear interest and/or whether Securities will be
issued as Discount Securities or Linked Securities, the rate or rates (which may be fixed or variable) at which the Securities of the Series shall bear interest, if any, and, if applicable, the interest rate basis, formula or other method of
determining such interest rate or rates, the date or dates from which such interest, if any, shall accrue, the Interest Payment Dates on which such interest, if any, shall be payable or the method by which such dates will be determined, the record
dates for the determination of Holders thereof to whom such interest is payable (in the case of Securities in registered form), whether any interest will be paid on Defaulted Interest and the basis upon which such interest will be calculated if
other than that of a 365-day or 366-day year, as applicable; 
 (f) if other than Canadian dollars, the currency or currencies, including
composite currencies in which Securities of the Series shall be denominated; 
 (g) any Place of Payment in addition to or instead of the
Corporate Trust Office of the Trustee and the method of such payment, if by electronic transfer, mail or other means, to the extent different or additional to the method provided herein, where Securities of such Series may be surrendered for
registration, transfer or exchange and where demand to or upon the Issuer in respect of such Securities and this Indenture may be served; 

(h) the period or periods within which (or manner of determining the same), the price or prices at which (or manner of determining the same),
the currency or currency unit in which, and the other terms and conditions upon which Securities of that Series may be redeemed, in whole or in part, at the option of the Issuer or otherwise, and any remarketing arrangements with respect to the
Securities of that Series; 
 (i) the form of the Securities of the Series and whether Securities of the Series are to be issued in
registered form or bearer form or both; 
 (j) whether Securities of the Series are to be issuable in fully certificated form or as
Book-Entry Securities and, if in certificated form, whether such Securities are to be issuable initially in the form of one or more Global Securities and the form of any legend or legends to be borne by any such Security; 

(k) if the Securities of the Series shall be issued in whole or in part in the form of a Global Security, the terms and conditions, if any,
upon which such Global Security may be exchanged in whole or in part for other individual definitive Securities of such Series to the extent different from what is provided herein and the Depositary for such Global Security; 

(l) any authenticating agent, Paying Agent, transfer agent or Security Registrar in respect of such Series to the extent different than, or in
addition to, any Person identified as such in this Indenture; 
 (m) the terms and conditions, if any, upon which the Securities of the
Series may be converted into common shares or other equity interests of the Issuer, including the initial conversion price or rate, the conversion period and any additional provisions; 

  
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 (n) the obligation, if any, of the Issuer to redeem, purchase or repay the Securities of the
Series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the price or prices at which (or manner of determining the same), the period or periods within which (or manner of determining the same), and the
terms and conditions upon which, Securities of the Series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligations; 

(o) the terms, if any, upon which the Securities of the Series may be exchanged for other securities, and the terms and conditions upon which
such exchange shall be effected, including the initial exchange price or rate, the exchange period and any other additional provisions; 

(p) if other than denominations of Cdn$1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall
be issuable; 
 (q) if the amount of Maturity Consideration with respect to the Securities of the Series may be determined with reference to
an index or pursuant to a formula or other method, the manner in which such amounts will be determined and the calculation agent, if any, with respect thereto; 

(r) if the principal amount payable at the Stated Maturity of Securities of the Series will not be determinable as of any one or more dates
prior to such Stated Maturity, the amount that will be deemed to be such principal amount as of any such date for any purpose, including the principal amount thereof which will be due and payable upon any Maturity other than the Stated Maturity and
which will be deemed to be outstanding as of any such date (or, in any such case, the manner in which such deemed principal amount is to be determined); 

(s) if other than as set forth in Article Three, the defeasance and discharge provisions applicable to the Securities of the Series; 

(t) if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable upon
declaration of acceleration of the Maturity thereof pursuant to Section 402; 
 (u) the terms, if any, of the transfer, mortgage,
pledge or assignment as security for the Securities of the Series of any properties, assets, moneys, proceeds, securities or other collateral and any corresponding changes to provisions of this Indenture as then in effect; 

(v) any addition to or modification or elimination of the Events of Default (and the related definitions) which applies to the Series and any
change in the right of the Trustee or the requisite Holders of such Series of Securities to declare the principal amount of, or interest, premium or other amounts, if any, on, such Series of Securities due and payable pursuant to Section 402;

  
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 (w) the applicability of, and any addition to or change in, the covenants (and the related
definitions) set forth in Article Seven or Article Nine or elsewhere in this Indenture which apply to Securities of the Series; 
 (x) with
regard to Securities of the Series that do not bear interest, the dates for certain required reports to the Trustee; 
 (y) any guarantees
to be provided in respect of the Issuer’s obligations in respect of the Securities of the Series and the terms and conditions, if any, pursuant to which such Series is to be guaranteed; and 

(z) any other terms of Securities of the Series (which terms shall not be expressly prohibited by the provisions of this Indenture or
prohibited by the Trust Indenture Legislation). 
 All Securities of any one Series need not be issued at the same time and may be issued
from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Series Supplement referred to above, and the authorized principal amount of any Series may not be increased to provide for issuances of additional
Securities of such Series, unless otherwise provided in such Series Supplement. 
 SECTION 203. Denominations. 

The Securities shall be issuable, except as otherwise provided with respect to any Series of Securities pursuant to the related Series
Supplement in accordance with Section 202, in fully registered form without coupons and in denominations of Cdn$1,000 (for Securities denominated in Canadian dollars) or U.S.$1,000 (for Securities denominated in U.S. dollars) and any integral
multiple thereof. 
 SECTION 204. Execution, Authentication, Delivery and Dating. 

The Securities shall be executed on behalf of the Issuer by any one director of the Issuer or any one of the following officers: its President,
its Chief Executive Officer, its Chief Financial Officer, any Vice-President, its Treasurer, its Secretary or its General Counsel. The signature of any of these officers on the Securities may be manual or facsimile. 

Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Issuer shall bind the
Issuer, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 

The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the
Series Supplement delivered pursuant to Section 202, upon receipt by the Trustee of an Issuer Order. Such Issuer Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Issuer or its duly authorized
agent or agents, which oral instructions shall be promptly confirmed in writing. Each Security shall be dated the date of its authentication unless otherwise provided in the Series Supplement delivered pursuant to Section 202. 

  
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 The aggregate principal amount of Securities of any Series outstanding at any time may not exceed
any limit upon the maximum principal amount for such Series set forth in the Series Supplement delivered pursuant to Section 202, except as provided in Section 208. 

Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to the applicable provisions of Article Five)
shall be fully protected in relying and acting on: (a) the Series Supplement establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities within that
Series and (b) an Officer’s Certificate complying with Section 103. 
 The Trustee shall have the right to decline to
authenticate and deliver any Securities of such Series if the Trustee is not provided with any documentation required by this Indenture to be provided to the Trustee in connection with such action. 

The Trustee may appoint an authenticating agent acceptable to the Issuer to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as the Trustee (for which it is agent) to deal with the
Issuer or an Affiliate of the Issuer. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any
purpose unless there appears on such Security a certificate of authentication substantially in the form set forth in the applicable Series Supplement duly executed by or on behalf of the Trustee by manual signature of an authorized officer, and such
certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. The certificate of authentication on the certificates will not be construed as a
representation or warranty by the Trustee as to the validity of this Indenture or of the Securities or of their issuance and the Trustee will in no respect be liable for or answerable for the use made of such Securities or any of them or the
proceeds thereof. 
 In case the Issuer, pursuant Article Seven, shall be consolidated or amalgamated with or merged into any other Person
or shall convey, transfer or lease all or substantially all of its properties and assets to any Person, and the Successor Purchaser shall have assumed (or, by operation of law, shall have become liable for) the obligations of the Issuer under the
Securities pursuant to Article Seven, any of the Securities authenticated or delivered prior to such consolidation, amalgamation, merger, conveyance, transfer or lease may, from time to time, at the request of the Successor Purchaser, be exchanged
for other Securities executed in the name of the Successor Purchaser with such changes in phraseology and form as may be appropriate (but which shall not affect the rights or duties of the Trustee), but otherwise in substance of like tenor as the
Securities surrendered for such exchange and of like principal amount; and the Trustee, upon Issuer 

  
 24 

 
Order of the Successor Purchaser, shall authenticate and deliver replacement Securities as specified in such request for the purpose of such exchange. If replacement Securities shall at any time
be authenticated and delivered in any new name of a Successor Purchaser pursuant to this Section 204 in exchange or substitution for or upon registration of transfer of any Securities, such Successor Purchaser, at the option of any Holder but
without expense to such Holder, shall provide for the exchange of all Securities at the time Outstanding held by such Holder for Securities authenticated and delivered in such new name. 

SECTION 205. Temporary Securities. 

Pending the preparation of definitive Securities, the Issuer may execute, and upon Issuer Order the Trustee shall authenticate and deliver,
temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate
insertions, omissions, substitutions and other variations as the officer or officers executing such Securities may determine (but which shall not affect the rights or duties of the Trustee), as conclusively evidenced by their execution of such
Securities. 
 If temporary Securities are issued, the Issuer will cause definitive Securities to be prepared without unreasonable delay.
After the preparation of definitive Securities, the temporary Securities shall be exchangeable for definitive Securities of the same Series containing identical terms and provisions upon surrender of the temporary Securities at the office or agency
of the Issuer designated for such purpose pursuant to Section 902 or the relevant Series Supplement, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities, the Issuer shall execute and, upon
Issuer Order, the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of authorized denominations of the same Series containing identical terms and provisions and evidencing the same
indebtedness as the temporary Securities so exchanged. Until so exchanged, the temporary Securities shall in all respects be entitled to the same benefits under this Indenture as definitive Securities. 

SECTION 206. Registration, Registration of Transfer and Exchange. 

The Issuer shall cause to be kept (i) by the Trustee at its Corporate Trust Office or (ii) by such other registrar as the Issuer may
appoint at such other place or places (if any) in respect of any Series as the Issuer may designate pursuant to the related Series Supplement or Section 902, a register (the register maintained in such office and in any other office or agency
designated pursuant to Section 902 being herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Trustee or the Person maintaining the Security Register shall
provide for the registration of Securities and of transfers of Securities as herein provided. Said office or agency shall be the “Security Registrar” for the Securities of each Series. 

  
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 Upon surrender for registration of transfer of any Security at the Corporate Trust Office of the
Trustee or any other office or agency of the Issuer designated pursuant to Section 902, the Issuer shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more replacement
Securities of the same Series of any authorized denomination or denominations, of a like aggregate principal amount and containing identical terms and provisions. 

At the option of the Holder, Securities may be exchanged for other Securities of the same Series containing identical terms and provisions, in
any authorized denomination or denominations, and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Issuer shall execute, and
the Trustee shall authenticate and deliver, the replacement Securities which the Holder making the exchange is entitled to receive. 

Furthermore, any Holder of a Global Security shall, by acceptance of such Global Security, agree that transfers of beneficial interests in
such Global Security may be effected only through a book-entry system maintained by the Holder of such Global Security (or its agent), and that ownership of a beneficial interest in the Security shall be required to be reflected in a book entry.

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

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

No service charge shall be made for any registration of transfer or exchange or redemption of Securities, but the Issuer may require payment
of a sum sufficient to pay all documentary, stamp or similar issue or transfer taxes or other governmental charges that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to
Section 204, Section 205, Section 806, Section 1008 or Section 1009 not involving any transfer. 
 The Issuer shall
not be required (a) to issue replacement Securities or register the transfer of or exchange any Security during a period beginning at the opening of business 15 days before the mailing of a notice of redemption of the Securities under
Section 1005 and ending at the close of business on the day of such mailing or (b) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of Securities being
redeemed in part. 
 SECTION 207. Book-Entry Provisions for Global Securities. 

(a) The related Series Supplement shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or
more Global Securities 

  
 26 

 
and the Depositary for such Global Security or Securities. Ownership of the Book-Entry Securities will be constituted through beneficial interests in the Book-Entry Securities held by the
Depositary or its nominee in the form of a Global Security, and will be represented through book-entry accounts of Clearing Agency Participants, acting on behalf of the Beneficial Owners of such Book-Entry Securities. Any registration of beneficial
ownership in, and transfers of beneficial ownership of, Book-Entry Securities may be made only through the applicable Book-Based System by a Clearing Agency Participant of the Depositary identified in the related Series Supplement. In such case, the
Trustee shall deal with the Depositary and Clearing Agency Participants as representatives of the Beneficial Owners of such Securities for purposes of exercising the rights of Holders hereunder, as provided in this Indenture. Requests and directions
from, and votes of, such representatives shall not be deemed to be inconsistent if they are made with respect to different Beneficial Owners. 

(b) Notwithstanding any provisions to the contrary contained in any other provisions of this Indenture and in addition thereto, except as
otherwise specified in the related Series Supplement, any Book-Entry Security that is a Global Security shall be exchangeable pursuant to Section 206 of this Indenture for Securities of the same Series registered in the names of Beneficial
Owners other than the Depositary for such Security or its nominee only if (i) such Depositary notifies the Issuer that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be
eligible to be a Clearing Agency in accordance with applicable securities laws, and, in either case, the Issuer fails to appoint a successor Depositary within 90 days of such event, (ii) the Issuer executes and delivers to the Trustee an
Officer’s Certificate to the effect that such Global Security shall be so exchangeable or (iii) an Event of Default with respect to the Securities of such Series represented by such Global Security shall have occurred and be continuing.
Any Book-Entry Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of
such Book-Entry Security with like tenor and terms. 
 Except as provided above in this Subsection 207(b), a Global Security may only be
transferred in whole but not in part (i) by the Depositary with respect to such Global Security to a nominee of such Depositary, (ii) by a nominee of such Depositary to such Depositary or another nominee of such Depositary or (iii) by
the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary. 
 (c) Any Global Security issued
hereunder shall bear a legend in substantially the following form with such modification as is provided in the applicable Series Supplement: 
 “THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE GOVERNING THIS SECURITY (HEREINAFTER REFERRED TO). THIS NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS
HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH 

  
 27 

 
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 207(B) OF THE INDENTURE, (III) THIS SECURITY MAY BE
DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 211 OF THE INDENTURE AND (IV) EXCEPT AS OTHERWISE PROVIDED IN SECTION 207(B) OF THE INDENTURE, THIS SECURITY MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY (X) BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY, (Y) BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR (Z) BY THE DEPOSITARY OR ANY NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.”

 (d) The Issuer, the Trustee and any agent of the Trustee shall treat a person as the Holder of such principal amount of outstanding
Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to
be given by the Holders pursuant to this Indenture. 
 SECTION 208. Mutilated, Destroyed, Lost and Stolen Securities. 

If (a) any mutilated Security is surrendered to the Trustee, or (b) the Issuer and the Trustee receive evidence to their satisfaction
of the destruction, loss or theft of any Security, and there is delivered to the Issuer and the Trustee such surety bond or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Issuer or the
Trustee that such Security has been acquired by a bona fide purchaser, the Issuer shall execute and upon Issuer Order the Trustee shall authenticate and deliver, in exchange for any such mutilated Security or in lieu of any such destroyed, lost or
stolen Security, a replacement Security of like tenor and principal amount, bearing a number not contemporaneously outstanding. 
 In case
any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Issuer in its discretion may, instead of issuing a replacement Security, pay such Security. 

Upon the issuance of any replacement Securities under this Section 208, the Issuer may require the payment of a sum sufficient to pay all
documentary, stamp or similar issue or transfer taxes or other governmental charges that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) in connection therewith. 

Every replacement Security of any Series issued pursuant to this Section 208 in lieu of any destroyed, lost or stolen Security of such
Series shall constitute a contractual obligation of the Issuer, whether or not the destroyed, lost or stolen Security of such Series shall be at any time enforceable by anyone, and the Holder thereof shall be entitled to all benefits of this
Indenture equally and proportionately with any and all Holders of other Securities of such Series duly issued hereunder. 

  
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 The provisions of this Section 208 are exclusive and shall preclude (to the extent lawful)
all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 SECTION 209. Payment
of Interest; Interest Rights Preserved. 
 Interest on any Security which is payable, and is punctually paid or duly provided for, on any
Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. 

Any interest on any Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (such defaulted
interest herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder of such Security on the Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Issuer, at its
election in each case, as provided in Subsection (a) or (b) below: 
 (a) The Issuer may elect to make payment of
any Defaulted Interest to the Persons in whose names the Securities of that Series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall
be fixed in the manner following. The Issuer shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security of that Series and the date of the proposed payment, and at the same time the Issuer shall
deposit with the Trustee or the Paying Agent an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee or the Paying Agent for such deposit prior
to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Subsection provided. Thereupon the Trustee shall fix a Special Record Date for the
payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee
shall promptly notify the Issuer of such Special Record Date. In the name and at the expense of the Issuer, the Trustee shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed,
first-class postage prepaid, to each Holder at its address as it appears in the Security Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date
therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities (or their respective Predecessor Securities) are registered on such Special Record Date and shall no longer be payable pursuant to the
following Subsection (b). 

  
 29 

 (b) The Issuer may make payment of any Defaulted Interest on any Series in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Issuer to the Trustee of the
proposed payment pursuant to this Subsection, such payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing
provisions of this Section, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by
such other Security. 
 SECTION 210. Persons Deemed Owners. 

Prior to the time of due presentment for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat
the Person in whose name any Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium, if any) and (subject to Section 209) interest on such Security and for all other purposes
whatsoever, whether or not such Security be overdue, and neither the Issuer, the Trustee nor any agent of the Issuer or the Trustee shall be affected by notice to the contrary. 

SECTION 211. Cancellation. 
 All
Securities surrendered for payment, redemption, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by the Trustee. The Issuer shall deliver to
the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuer may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall
be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section 211, except as expressly permitted by this Indenture. Upon the request of the Issuer, the Trustee shall deliver to the Issuer certification of
the cancellation of any cancelled Securities. 
 SECTION 212. Computation of Interest. 

Except as otherwise contemplated by Section 201, interest on the Securities of any Series shall be computed on the basis of a
365-day or 366-day year, as applicable. For the purposes of the Interest Act (Canada), the yearly rate of interest to which any rate of interest payable under a Security, which is to be calculated on any basis other than a full calendar year,
is equivalent may be determined by multiplying the rate by a fraction, the numerator of which is the number of days in the calendar year in which the period for which interest at such rate is payable and the denominator of which is the number of
days comprising such other basis. 

  
 30 

 ARTICLE THREE 

SATISFACTION AND DISCHARGE 

SECTION 301. Issuer’s Option to Effect Defeasance. 

The Issuer may at any time with respect to the Securities or any Series of Securities, elect to have Section 302 be applied to all
Outstanding Securities or all Outstanding Securities of such Series upon compliance with the conditions set forth below in Section 303. 

SECTION 302. Defeasance And Discharge. 

Upon the Issuer’s exercise under Section 301 of the option applicable to this Section 302, the Issuer (and, as applicable, any
Guarantors) shall be deemed to have been discharged from its obligations with respect to all Outstanding Securities or all Outstanding Securities of a Series, as the case may be, on the date the conditions set forth in Section 303 below are
satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the Issuer shall be deemed to have paid and discharged the entire indebtedness represented by such Securities, which shall thereafter be deemed to be
“Outstanding” only for the purposes of Section 305 and the other Sections of this Indenture referred to in (A) and (B) below, and to have satisfied all its other obligations under such Securities and this Indenture insofar
as such Securities are concerned (and the Trustee, upon Issuer Request and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged
hereunder: (A) the rights of Holders of such Securities to receive solely from the trust fund described in Section 303 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest
on such Securities when such payments are due, (B) the Issuer’s obligations with respect to such Securities under Section 205, Section 206, Section 208, Section 902 and Section 903, (C) the rights, powers,
trusts, duties and immunities of the Trustee hereunder and the Issuer’s obligations in connection therewith, including the Issuer’s obligations under Section 506 and (D) this Article Three. 

SECTION 303. Conditions to Defeasance. 

The following shall be the conditions to the application of Section 302 to all Outstanding Securities or all Outstanding Securities of a
Series, as applicable: 
 (1) The Issuer shall irrevocably have deposited or, through the Paying Agent, caused to be
deposited with the Trustee (or another trustee satisfying the requirements of Section 508 who shall agree to comply with the provisions of this Article Three applicable to it) as trust funds, in trust, for the purpose of making the following
payments in its own capacity or through the Paying Agent, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities, (x) cash in the currency or currencies in which such Securities are payable
or (y)

  
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Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of
any payment, cash in the currency or currencies in which such Securities are payable or (z) any combination of the foregoing which would, in the aggregate, be in an amount sufficient, in the opinion of a nationally recognized firm of
accountants expressed in a written certification thereof delivered to the Trustee, to pay (and which shall be applied by the Trustee or the Paying Agent (or other qualifying trustee) to pay and discharge) the principal of, and interest and premium,
if any, on, such Securities on the respective Stated Maturities (or Redemption Date, if applicable) thereof. Before such a deposit, the Issuer may give the Trustee, in accordance with Section 1003 hereof, a notice of its election to redeem all
of the Outstanding Securities or all of the Outstanding Securities of a Series at a future date in accordance with Article Ten hereof or any applicable provisions of the Series Supplement for such Securities; 

(2) No Default or Event of Default shall have occurred and be continuing on the date of the deposit under clause (1) above
(other than a Default resulting from the borrowing of funds to be applied to such deposit and the grant of any Lien securing such borrowing). 

(3) Such defeasance shall not result in a breach or violation of, or constitute a default under, this Indenture or any other
material agreement or instrument to which the Issuer is a party or by which it is bound (other than any such Default or default resulting solely from the borrowing of funds to be applied to such deposit and the grant of any Lien on such deposit in
favour of the Trustee and/or the Holders); 
 (4) The Issuer shall have delivered to the Trustee an Opinion of Counsel in
Canada to the effect that such Holders will not recognize income, gain or loss for Canadian federal or provincial income tax or other tax (including withholding tax) purposes as a result of such defeasance or covenant defeasance, as applicable, and
will be subject to Canadian federal and provincial income tax and other tax (including withholding 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; 

(5) the Issuer shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by it
with the intent of preferring the Holders over any other of its creditors or with the intent of defeating, hindering, delaying or defrauding any other of its creditors or others; and 

(6) The Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
the conditions provided for in, in the case of the Officer’s Certificate, clauses (1) through 

  
 32 

 
(5) and, in the case of the Opinion of Counsel, clauses (3) (solely with respect to this Indenture and a list of material agreements or instruments to which the Issuer or any of its
Subsidiaries is a party or otherwise bound as set forth in an Officer’s Certificate) and (4) of this Section 302 have been complied with. 

SECTION 304. Satisfaction and Discharge of Indenture. 

Subject to the last paragraph of this Section 304, this Indenture will be discharged and will cease to be of further effect as to all
outstanding Securities of a particular Series when either: 
 (a) all the Securities of such Series that have been
authenticated and delivered (except lost, stolen or destroyed Securities which have been replaced or paid as provided in Section 208 and Securities for whose payment money has been deposited in trust or segregated and held in trust by the
Issuer and thereafter repaid to the Issuer or discharged from such trust) have been delivered to the Trustee for cancellation (including on conversion or exchange of such Securities into other securities or property), or 

(b) (i) all Securities of such Series not thereto delivered to the Trustee for cancellation (x) have otherwise become
due and payable or have been called for redemption pursuant to the applicable Series Supplement, or (y) will become due and payable within one year, and in each case, the Issuer has irrevocably deposited or caused to be deposited with the
Trustee trust funds in trust in cash in the currency or currencies in which such Securities are payable or Government Obligations, or a combination thereof, in an amount sufficient to pay and discharge the entire indebtedness (including all
principal and accrued interest) on the Securities of such Series not theretofore delivered to the Trustee for cancellation, (ii) the Issuer has paid or caused to be paid all sums payable by it under this Indenture in respect of the Securities
of such Series, and (iii) the Issuer has delivered irrevocable instructions to the Trustee to apply the deposited money toward the payment of the Securities of such Series at their Stated Maturity or on the Redemption Date, as the case may be.

 Notwithstanding the foregoing, and notwithstanding the satisfaction and discharge of this Indenture with respect to a particular Series of Securities,
(A) the rights of Holders of such Securities to receive solely from the trust fund described in Section 303 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest on such
Securities when such payments are due, (B) the Issuer’s obligations with respect to such Securities under Section 205, Section 206, Section 208, Section 902 and Section 903, (C) the rights, powers, trusts,
duties and immunities of the Trustee hereunder and the Issuer’s obligations in connection therewith, including the Issuer’s obligations under Section 506 and (D) this Section 304 shall survive until the Securities are no
longer outstanding. Thereafter, only the Issuer’s obligations in Section 506 shall survive. 

  
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 SECTION 305. Deposited Money to be Held in Trust; Other Miscellaneous Provisions. 

Subject to the provisions of the last paragraph of Section 903, all money and Government Obligations (including any proceeds thereof)
deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 305, the “Trustee”) in respect of Securities of a Series pursuant to Section 303 or Section 304 shall be held in trust and
applied by the Trustee, in accordance with the provisions of this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee may determine, to the Holders of such
Securities of all sums due and to become due thereon in respect of principal of, and interest or premium, if any, on, such Securities, but such money need not be segregated from other funds except to the extent required by law. 

The Issuer shall pay and indemnify the Trustee on an after-tax basis against any tax, fee or other charge imposed on or assessed against the
Government Obligations deposited pursuant to Section 303 or Section 304 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the applicable
Series. 
 Anything in this Article Three to the contrary notwithstanding, the Trustee shall deliver or pay to the Issuer from time to time
upon Issuer Request any money or Government Obligations held by it as provided in Section 303 or Section 304 which, in the opinion of a nationally recognized firm of accountants expressed in a written certification thereof delivered to the
Trustee (which may be included with the opinion delivered under Section 303(1)), are in excess of the amount thereof which would then be required to be deposited to effect defeasance or covenant defeasance, as the case may be, of the applicable
Securities or Series of Securities. 
 Subject to Section 306, after (i) the conditions precedent of Section 303 or
Section 304, as applicable, have been satisfied with respect to the Securities of a particular Series, (ii) the Issuer has paid or caused to be paid all others sums payable hereunder by the Issuer and (iii) the Issuer has delivered to
the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent referred to in clause (i) above relating to the defeasance or satisfaction and discharge, as applicable, of this Indenture have been
complied with, the Trustee shall, upon written request, acknowledge in writing the discharge of all of the Issuer’s obligations under this Indenture except for those surviving obligations specified in Section 302 or Section 304, as
applicable. 
 SECTION 306. Reinstatement. 

If the Trustee or any Paying Agent is unable to apply any money in accordance with Section 305, by reason of any order or judgment of any
court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuer’s obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant
to Section 302 or 303, as the case may be, 

  
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until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 305; provided, however, that, if the Issuer makes any payment of the principal
of, or interest, premium, or other amounts, if any, on, any Security following the reinstatement of its obligations, the Issuer shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the
Trustee or Paying Agent. 
 ARTICLE FOUR 

REMEDIES 
 SECTION 401. Events of
Default. 
 Unless otherwise indicated for a particular Series of Securities by the applicable Series Supplement, with respect to each
Series of Securities, “Event of Default”, wherever used herein, means any one of the following events and any additional events identified as being an Event of Default in respect of such Series in the related Series Supplement (whatever
the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body): 
 (a) default in the payment of the principal of, or premium on, any Security of such Series issued under this
Indenture when it becomes due and payable at its Maturity; 
 (b) default in the payment of any interest on any Security of
such Series when it becomes due and payable, and continuance of such default for a period of 30 days; 
 (c) default in the
performance of, or breach of, any covenant of the Issuer, the Company or Parent contained in this Indenture that is applicable to such Series (other than a default in the performance, or breach, of a covenant which is specifically dealt with
elsewhere in this Section 401 or in the Series Supplement in respect of such Series), and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Issuer by the Trustee or
to the Issuer and the Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of such Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice
is a “Notice of Default” hereunder; 
 (d) the Issuer, the Company or Parent shall commence any case or proceeding
seeking to have an order for relief entered on its behalf as debtor or to adjudicate it as bankrupt or insolvent or seeking reorganization, liquidation, dissolution, winding-up, composition or readjustment of its debts or any other relief under any
bankruptcy, insolvency, reorganization, liquidation, dissolution, composition, readjustment of debt or other similar act or law of any jurisdiction, 

  
 35 

 
domestic or foreign, now or hereafter existing, relating to the relief of debtors (“Bankruptcy Law”); or the Issuer, the Company or Parent shall apply for a receiver, custodian or
trustee (other than any trustee appointed as a mortgagee or secured party in connection with the issuance of indebtedness for borrowed money of the Issuer, the Company or Parent) of it or for all or a substantial part of its property; or the Issuer,
the Company or Parent shall make a general assignment for the benefit of creditors; or the Issuer, the Company or Parent shall take any corporate action in furtherance of any of the foregoing; or 

(e) an involuntary case or other proceeding shall be commenced against the Issuer, the Company or Parent with respect to it or
its debts under any Bankruptcy Law now or hereafter in effect seeking the appointment of a trustee, receiver, liquidator, custodian or similar official of it or any substantial part of its property; and such case or other proceeding (A) results
in the entry of an order for relief or a similar order against it or (B) shall continue unstayed and in effect for a period of 60 consecutive days. 

For the avoidance of doubt, a Default with respect to a Series issued under this Indenture will not constitute a Default with respect to any
other Series issued under this Indenture. 
 SECTION 402. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default (other than an Event of Default specified in Section 401(d)or Section 401(e)) with respect to any particular
Series of Securities occurs and is continuing, then and in every such case the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities of such Series then Outstanding may declare the entire principal amount of all
the Securities of such Series to be due and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders), and upon any such declaration of acceleration such principal shall become immediately due and payable. If
an Event of Default specified in Section 401(d)or Section 401(e) occurs and is continuing with respect to the Issuer, then all of the unpaid principal amount of each Series then Outstanding shall ipso facto become and be immediately due
and payable without any declaration or other act by the Trustee or any Holder. 
 The Issuer shall deliver to the Trustee, within 30 days
after the Issuer becoming aware of the occurrence thereof, written notice in the form of an Officer’s Certificate of any Event of Default and any event which with the giving of notice or the lapse of time would become an Event of Default, its
status and what action the Issuer is taking or proposes to take with respect thereto. 
 At any time after a declaration of acceleration has
been made in respect of an Event of Default with respect to any Series of Securities and before a judgment or decree for payment of the money due has been obtained by the Trustee for the Securities of such Series as hereinafter in this Article Four
provided, the Holders of such affected Series may, by a Holder Direction, rescind and annul such declaration of acceleration and the 

  
 36 

 
consequences of such declaration of acceleration. In each such case, the rescission and annulment will be effective on the last date on which each of the following have been satisfied: 

(a) written notice of such Holder Direction is delivered to the Trustee; 

(b) the Issuer has paid or deposited, or caused to be paid or deposited, with the Trustee a sum sufficient to pay 

(1) all overdue interest on all Securities of such Series then Outstanding, 

(2) the principal of, and premium, if any, on any Securities of that Series which have become due otherwise than by such
declaration of acceleration and interest thereon from the date such principal became due at the rate borne by the Securities of such Series, to the extent that the payment of such interest shall be legally enforceable, 

(3) to the extent expressly provided for in the Series Supplement in respect of the Securities of such Series and to the extent
that payment of such interest is lawful, interest upon overdue interest at the rate provided for such purpose in such Series Supplement, and 

(4) all sums paid or advanced by the Trustee hereunder, the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents, counsel and other advisors (for which the Issuer is to reimburse the Trustee pursuant to Section 506) and any other amounts due to the Trustee pursuant to Section 506, and 

(c) all Events of Default with respect to such Series, other than the non-payment of principal of, and interest, premium and
other amounts on, Securities of such Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 413. 

No such rescission and annulment shall affect any subsequent Event of Default with respect to such Series or impair any right consequent thereon. In addition,
no rescission or annulment in respect of one Series shall affect any Event of Default with respect to any other Series or impair any right of the Trustee or the Holders of such other Series with respect thereto. 

SECTION 403. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Issuer covenants that if: 

(a) a default is made in the payment of any interest on any Security of a Series when such interest becomes due and payable and
such default continues for a period of 30 days, or 

  
 37 

 (b) a default is made in the payment of the principal of (or premium, if any, on)
any Security of a Series at the Maturity thereof, 
 the Issuer will, upon demand of the Trustee or, subject to Section 407, upon demand of the Holders
of not less than 25% in aggregate principal amount of the Securities of such Series then Outstanding, pay to the Trustee, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal (and
premium, if any) and interest, if any, with interest upon the overdue principal (and premium, if any) and, to the extent provided for in the Series Supplement for such Securities and to the extent that payment of such interest shall be legally
enforceable, upon any overdue installments of interest, at the rate provided for such purpose in such Series Supplement; and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due to the Trustee pursuant to Section 506. 

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

If an Event of Default with respect to a Series occurs and is continuing, the Trustee may proceed to protect and enforce its rights and the
rights of the Holders of the Securities of such Series under this Indenture by such appropriate private or judicial proceedings as the Trustee shall deem most effectual to protect and enforce such rights. 

SECTION 404. Trustee May File Proofs Of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to the Issuer or any other obligor upon the Securities of any Series or the property of the Issuer or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall
then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Issuer for the payment of overdue principal or interest) shall be entitled and empowered, by
intervention in such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount of principal (and
premium, if any) and interest, if any, owing and unpaid in respect of the Securities of the affected Series and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim
for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due to the Trustee pursuant to Section 506) and of the Holders of the Securities of such Series allowed in such
judicial proceeding, 

  
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 (b) to collect and receive any moneys or other property payable or deliverable on
any such claims and to distribute the same, in its own capacity or through the Paying Agent, and 
 (c) unless prohibited by
law or applicable regulations, to vote on behalf of the Holders of the Securities of such Series in any election of a trustee in bankruptcy or other person performing similar functions, 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or similar official in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee or the Paying Agent and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay the Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due to the Trustee under Section 506. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any
proposal, plan of reorganization, arrangement, adjustment or composition or other similar arrangement affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such
proceeding, except as aforesaid, for the election of a trustee in bankruptcy or other person performing similar functions. 
 SECTION 405. Trustee
May Enforce Claims Without Possession of Securities. 
 All rights of action and claims under this Indenture or the Securities may be
prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of
an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due to the Trustee under
Section 506, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
 SECTION 406.
Application of Money Collected. 
 Any money collected by the Trustee pursuant to this Article Four for a Series of Securities shall be
applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of such Securities and the notation thereon of the
payment if only partially paid and upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due to the Trustee
(including its agents and counsel) under Section 506 with respect to such Series; 

  
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 SECOND: To the payment of the amounts then due and unpaid upon such Securities for principal (and
premium, if any) and interest if any, on such Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities
for principal (and premium, if any) and interest, if any, respectively; 
 THIRD: To the payment of any other amounts due and payable with
respect to such Series; and 
 FOURTH: The balance, if any, to the Issuer. 

SECTION 407. Limitation on Suits. 

No Holder of any Securities of any particular Series shall have any right to institute any proceeding, judicial or otherwise, with respect to
this Indenture or such Securities, or for the appointment of a receiver, receiver and manager or trustee in respect of the Issuer or a Subsidiary of the Issuer, or to pursue any other remedy hereunder, unless 

(a) an Event of Default with respect to that Series shall have occurred and be continuing and such Holder has previously given
written notice to the Trustee and the Issuer, or has received written notice from the Trustee, of a continuing Event of Default with respect to such Series; 

(b) the Holders of not less than 25% in aggregate principal amount of all of the Outstanding Securities of such Series shall
have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered to the Trustee security or indemnity satisfactory to the Trustee against any loss,
liability or expense to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such
notice, request and offer of security or indemnity has failed to institute any such proceeding; and 
 (e) during such 60-day
period the Trustee has not received a Holder Direction from the Holders of such Series that, in the opinion of the Trustee, is inconsistent with such request; 

it being understood and intended, and being expressly covenanted by the taker and holder of every Security with every other taker and holder and with the
Trustee, that no one or more Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Holders (whether of the same Series or any
other Series), or to obtain or to seek to obtain priority or preference over any other Holders (whether of the same Series or any other Series) or to enforce any right under this Indenture except in the manner provided in this Indenture and for the
equal and ratable benefit of all the Holders. 

  
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 SECTION 408. Unconditional Right of Holders to Receive Principal, Premium, if any, and Interest, if any.

 Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and
unconditional, to receive payment of the principal of (and premium, if any) and (subject to Section 209) interest, if any, on such Security on the respective Stated Maturities thereof expressed in such Security (or, in the case of redemption of
such Security, on the Redemption Date therefor) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder. 

SECTION 409. Restoration of Rights and Remedies. 

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

SECTION 410. Rights and Remedies Cumulative. 

Except as provided in Section 208, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

SECTION 411. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Security to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article Four or by law to the Trustee or to the Holders may be exercised from time to time, and as
often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 SECTION 412. Control by Holders. 

Except as otherwise provided in this Indenture, and subject to compliance with the provisions of this Indenture requiring the giving of
sufficient funds and indemnity to the Trustee, the Holders of a Series shall have the right, in each case by a Holder Direction, to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred on the Trustee, under this Indenture with respect to such Securities; provided that 

  
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 (a) such Holder Direction shall not be in conflict with any rule of law or with
this Indenture or expose the Trustee to personal liability, 
 (b) subject to the provisions of the Trust Indenture
Legislation, the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such Holder Direction, and 

(c) in the opinion of the Trustee, relying on an Opinion of Counsel, such Holder Direction is not unduly prejudicial to the
rights of other Holders of Securities of such Series. 
 SECTION 413. Waiver of Past Defaults. 

The Holders of Outstanding Securities of any Series with respect to which a Default or Event of Default shall have occurred and be continuing
may, on behalf of all Holders of such Series, waive any past Default or Event of Default hereunder and its consequences by providing written notice of a Holder Direction to the Trustee, except: 

(a) a Default in the payment of the principal of (or premium, if any) or interest, if any, on any such Security of such Series,
or 
 (b) a Default under any provision of this Indenture which under Article Eight cannot be modified or amended without the
consent of the Holder of each Outstanding Security of such Series affected thereby. 
 Upon any such waiver becoming effective with respect
to a Series, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for purposes of such Series for every purpose of this Indenture; but no such waiver shall extend to any subsequent or
other Default or impair any right consequent thereon. 
 SECTION 414. Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by its acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, 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, suffered or omitted by it as Trustee, the filing by any party litigant in such suit
of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of
the claims or defenses made by such party litigant; but the provisions of this Section 414 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10%
in principal amount of the Outstanding Securities of a Series of Securities, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest on any Security on or after the respective
Stated Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date). 

  
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 ARTICLE FIVE 

THE TRUSTEE 
 SECTION 501. Certain
Duties and Responsibilities. 
 (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise
such rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise thereof, as a prudent Person would exercise or use in similar circumstances in the conduct of such Person’s own affairs. In its
exercise of the rights and powers and discharge of its duties prescribed or conferred by the terms of this Indenture, the Trustee shall: 

(i) act honestly and in good faith with a view to the best interests of the Holders of Securities of each Series in respect of
which it acts as Trustee, as a whole, 
 (ii) act in a commercially reasonable manner, and 

(iii) exercise that degree of care, diligence and skill that a reasonably prudent trustee appointed under an indenture for
corporate debt obligations would exercise in comparable circumstances. 
 (b) Except during the continuance of an Event of
Default, 
 (1) the duties of the Trustee shall be determined solely by the express provisions hereof and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, without investigation, 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; provided, however, that in the case of any such certificates or opinions
which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates or opinions, as applicable, to determine whether they conform on their face to the requirements of this Indenture (but
need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (c) No provision
of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, its fraud or its own willful misconduct, except that: 

(1) this Subsection shall not be construed to limit the effect of Subsection (b) of this Section 501; 

  
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 (2) the Trustee shall not be liable for any error of judgment made in good faith
by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with a Holder Direction relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture. 

(d) Whether or not therein expressly so provided, 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 501 and Section 503. 

(e) No provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability. Subject to
the provisions of the Indenture relating to the duties of the Trustee, the Trustee is under no obligation to exercise any of its rights or powers under this Indenture, the Securities or the Guarantees at the request, order or direction of any of the
Holders, including, without limitation, Section 412, unless such Holders shall have offered to the Trustee security and indemnity satisfactory to it against any loss, liability or expense which might be incurred by it in compliance with such
request or direction. 
 (f) The Trustee shall not be liable for interest on any money received by it except as the Trustee
may agree in writing with the Issuer. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and as provided in Section 116. 

SECTION 502. Notice of Defaults. 

The Trustee shall, within 30 days after the occurrence of any Default with respect to any Series, give the Holders of the applicable Series
notice of all uncured Defaults thereunder known to it; provided, however, that, except in the case of an Event of Default in the payment of the principal of (or premium, if any) or interest on any Security, the Trustee shall be protected in
withholding such notice if and so long as a committee of its trust officers in good faith determines that the withholding of such notice is in the interest of the Holders of such Series. 

Where notice of the occurrence of any Event of Default is given by the Trustee under the preceding paragraph and the Default is thereafter
cured, the Trustee shall, within a reasonable time but not exceeding 30 days after the Trustee becomes aware of the curing of the Default, transmit by mail to all Holders of the applicable Series, as their names and addresses appear in the
Security Register, or deliver electronically to such Holders, notice that the Event of Default is no longer continuing. 

  
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 SECTION 503. Certain Rights of Trustee. 

(a) The Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any document believed by
it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or
both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with counsel of its own selection and the advice of such
counsel and Opinions of Counsel with respect to legal matters relating to this Indenture and the Securities shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in
good faith and in reliance thereon. 
 (c) The Trustee may act through its attorneys, accountants, experts and such other
professionals as the Trustee deems necessary, advisable or appropriate and shall not be responsible for the misconduct or negligence of any attorney, accountant, expert or other such professional 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 the rights or powers conferred upon it by this Indenture. 
 (e) Unless otherwise specifically provided in this
Indenture, any demand, request, direction or notice from the Issuer or a Guarantor shall be sufficiently evidenced by a written order signed by one Officer of the Issuer or such Guarantor. 

(f) The Trustee shall not be charged with knowledge of any Default or Event of Default under Section 401 (other than under
Section 401(a) or Section 401(b)) unless either (i) a Responsible Officer shall have actual knowledge thereof, or (ii) the Trustee shall have received notice thereof pursuant to Section 502 or Section 904 from the
Issuer or pursuant to Section 407 from any Holder. 
 (g) None of the provisions of this Indenture shall require the
Trustee to expend or risk its own funds or otherwise incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers hereunder if it shall have reasonable grounds for
believing that repayment of such funds or indemnity reasonably satisfactory to it against such risks or liabilities is not assured to it. 

(h) 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. 

  
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 (i) 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 reasonable fees and indemnity against the costs, expenses and liabilities which
might be incurred by it in compliance with such request or direction. 
 (j) The Trustee may request that the Issuer deliver
an Officer’s Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person specified as so
authorized in any such certificate previously delivered and not superseded. 
 SECTION 504. Not Responsible for Recitals or Issuance of
Securities. 
 Except with respect to the express representations, warranties and covenants of the Trustee contained herein, the
recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, shall be taken as the statements of the Issuer and the Trustee assumes no responsibility for their correctness. The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy of this Indenture, or the Securities, it shall not be accountable for the Issuer’s use of the proceeds from the Securities or any money paid to the Issuer or upon the
Issuer’s direction under any provision of this Indenture, it shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital
herein or any statement in the Securities or any other document in connection with the sale of the Securities or pursuant to this Indenture other than the Trustee’s certificate of authentication on the Securities. 

SECTION 505. May Hold Securities. 

The Trustee, any Paying Agent, any Security Registrar or any other agent of the Issuer, in its individual or any other capacity, may become the
owner or pledgee of Securities, and, subject to Trust Indenture Legislation, may otherwise deal with the Issuer with the same rights it would have if it were not Trustee, Paying Agent, Security Registrar or such other agent; provided,
however, that in the event that the Trustee acquires a material conflict of interest, the Trustee shall, within 90 days after ascertaining that such a material conflict of interest exists, either eliminate the same or else resign as
Trustee hereunder by giving notice in writing to the Issuer at least 21 days prior to such resignation. Any Agent may do the same with like rights and duties. The Trustee is also subject to Section 508. 

SECTION 506. Compensation, Reimbursement and Indemnity. 

The Issuer shall pay to the Trustee from time to time such compensation for its acceptance of this Indenture and the rendering by it of the
services required hereunder as shall be agreed upon in writing by the Issuer and the Trustee. The Trustee’s 

  
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compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee promptly upon request for all reasonable disbursements,
advances and expenses incurred or made by or on behalf of it in addition to the compensation for its services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s attorneys, accountants, experts
and such other professionals as the Trustee deems necessary, advisable or appropriate. The Trustee shall provide the Issuer with reasonable notice of any expenditure not in the ordinary course of business. Any amount due under this Section 506
and unpaid 30 days after request for such payment shall bear interest from the expiration of such 30 days at the standard interest rate of the Trustee, as varied from time to time payable on demand. This obligation shall survive the removal or
resignation of the Trustee under, and the termination of, this Indenture. 
 The Issuer and the Guarantors shall jointly and severally
indemnify the Trustee (which for purposes of this Section 506 shall include its officers, directors, employees, agents and shareholders), and hold the Trustee harmless against, any and all losses, liabilities, claims, damages or expenses,
including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) and reasonable attorneys’ fees and expenses, incurred by it arising out of or in connection with the acceptance or administration of its
duties under this Indenture, including the costs and expenses of enforcing this Indenture or any Guarantee against the Issuer or a Guarantor (including this Section 506) and defending itself against or investigating any claim (whether asserted
by the Issuer, any Guarantor, any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to its
gross negligence, willful misconduct or bad faith. The Trustee shall notify the Issuer promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuer shall not relieve the Issuer of its obligations hereunder.
At the Trustee’s sole discretion, the Issuer shall defend any claim or threatened claim asserted against the Trustee, with counsel reasonably satisfactory to the Trustee, and the Trustee shall cooperate in the defense at the Issuer’s
expense. If the Trustee has been reasonably advised by counsel that there may be one or more legal defenses available to it that are different from or additional to those available to the Issuer and in the reasonable judgment of such counsel it is
advisable for the Trustee to engage separate counsel, then the Trustee may have separate counsel and the Issuer shall pay the reasonable fees and expenses of one such counsel. The Issuer need not pay for any settlement made without its consent,
which consent shall not be unreasonably withheld. The Issuer need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful misconduct, gross negligence or bad faith.

 The Issuer’s payment of indemnity obligations pursuant to this Section 506 shall survive the discharge of this Indenture, the
termination of this Indenture and the expiry of any trusts created hereby and the resignation or removal of the Trustee. When the Trustee incurs expenses or renders services after the occurrence of an Event of Default specified in
Section 401(d) or Section 401(e), the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 

  
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 In no event shall the Trustee be liable for any indirect, special, punitive or consequential loss
or damage of any kind whatsoever, including, but not limited to, lost profits, even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

In no event shall the Trustee be liable for any failure or delay in the performance of its obligations hereunder because of circumstances
beyond its control, including, but not limited to, acts of God, flood, war (whether declared or undeclared), terrorism, fire, riot, embargo, government action, including any laws, ordinances, regulations, governmental action or the like which delay,
restrict or prohibit the providing of the services contemplated by this Indenture. 
 SECTION 507. Conflicting Interests. 

The Trustee represents to the Issuer that, to the best of its knowledge and belief, at the date of the execution and delivery of this
Indenture, there exists no material conflict of interest in the role of the Trustee hereunder and the Trustee’s role in any other capacity. If, at any time, a material conflict of interest exists in the Trustee’s role hereunder and in the
Trustee’s role in any other capacity, the Trustee shall, within 90 days after it becomes aware that such a material conflict of interest exists, either eliminate the same or resign from the trusts hereunder by giving notice in writing to the
Issuer at least 21 days prior to such resignation and shall upon such resignation becoming effective be discharged from all further duties and liabilities hereunder. If, despite this Section 507, the Trustee has a material conflict of interest,
the validity and enforceability of this Indenture and the Securities shall not be affected in any manner whatsoever by reason only of the existence of such material conflict of interest. 

SECTION 508. Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee hereunder that is a Person organized and doing business under the laws of Canada or of any province
thereof that is authorized under such laws to exercise corporate trustee power where such authorization or qualification is necessary to enable it to act as trustee hereunder under the Trust Indenture Legislation. If at any time the Trustee shall
cease to be eligible in accordance with the provisions of this Section 508, it shall resign immediately in the manner and with the effect hereinafter specified in this Article Five. Without limitation, it shall not be a conflict of interest for
the Trustee to continue to act hereunder in respect of all Securities during any period of time in which there are Securities affected by, and Securities not affected by, a Default or Event of Default. 

SECTION 509. Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article Five. Without
limitation, it shall not be a conflict of interest for the Trustee to continue shall become effective until the acceptance of appointment by the successor Trustee under Section 510. 

  
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 (b) The Trustee may resign at any time by giving written notice thereof to the
Issuer. If the instrument of acceptance by a successor Trustee required by Section 510 shall not have been delivered to the resigning Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction (at the Issuer’s expense) for the appointment of a successor Trustee. 
 (c) The Trustee
may be removed at any time with respect to the Securities of a Series by a Holder Direction from the Holders of the Outstanding Securities of such Series delivered to the Trustee and to the Issuer. 

(d) If at any time: 

(1) the Trustee shall fail to comply with the provisions of Section 507 or such other obligations imposed upon it under
the Trust Indenture Legislation and shall fail to resign after written request therefor by the Issuer or by any Holder who has been a bona fide Holder of a Security for at least six months, or 

(2) the Trustee shall cease to be eligible under Section 508, or 

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

then, in any such case, (i) the Issuer may remove the Trustee with respect to all Securities or any applicable Series of Securities, or (ii) subject
to Section 414 and the Trust Indenture Legislation, in the case of clause (1) above, the Holder of any Security who has been a bona fide Holder of a Security for at least six months, and in the case of clauses (2) and (3) above,
the Holder of any Security and any other interested party may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect all Securities of such Series and the
appointment of a successor Trustee. 
 (e) If the Trustee shall resign, be removed or become incapable of acting, or if a
vacancy shall occur in the office of Trustee for any cause, with respect to one or more Series, the Issuer shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those Series (it being understood that any
such successor Trustee may be appointed with respect to the Securities of one or more or all of such Series and that at any time there shall be only one Trustee with respect to the Securities of any particular Series). If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to any Series is appointed by a Holder Direction and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its
acceptance of such appointment in accordance with Section 510, become the 

  
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successor Trustee with respect to such Series and, to that extent, supersede the successor Trustee appointed by the Issuer. If no successor Trustee shall have been so appointed with respect to a
Series, by the Issuer or the Holders of the Securities of such Series, and so accepted such appointment, the retiring Trustee or the Holder of any Security of such Series who has been a bona fide Holder for at least six months may on behalf of
itself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(f) Any new Trustee hereunder appointed under any provision of this Section 509 shall be qualified to act as Trustee
hereunder in accordance with Section 508, shall certify that it will not have any material conflict of interest upon becoming Trustee hereunder in accordance with the applicable requirements of the Trust Indenture Legislation, and shall accept
the trusts herein declared and provided for. On any new appointment, the new Trustee shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named herein as Trustee. 

(g) The Issuer shall give notice of each resignation and each removal of the Trustee with respect to a Series and each
appointment of a successor Trustee with respect to a Series by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of Securities of such Series as their names and addresses appear in the Security Register or
delivering such notice electronically to such Holders. Each notice shall include the name of the successor Trustee for such Series and the address of its Corporate Trust Office. 

SECTION 510. Acceptance of Appointment by Successor. 

(a) Every successor Trustee appointed hereunder shall execute, acknowledge and deliver to the Issuer and to the retiring
Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties of the retiring Trustee; but, on request of the Issuer or the successor Trustee, such retiring Trustee shall, upon payment of all amounts due it under Section 506, execute and deliver an instrument transferring
to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject to the claim and lien
provided for in Section 506. Upon request of any such successor Trustee, the Issuer shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts. 

(b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all)
Series, the Issuer, the retiring Trustee and each successor Trustee with respect to the Securities of one or more Series shall execute and deliver a supplemental indenture wherein each successor Trustee shall accept such appointment and which
(i) shall contain such provisions 

  
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as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those Series to which the appointment of such successor Trustee relates; (ii) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable
to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those Series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee; and
(iii) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee
and that no Trustee shall be responsible for any notice given to, or received by, or any act or failure to act on the part of any other Trustee hereunder, and upon the execution and delivery of such supplemental indenture the resignation or removal
of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall with respect to the Securities of that or those Series to which the appointment of such successor Trustee relates have no further
responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture other than as hereinafter expressly set forth, and each such successor Trustee without any further
act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those Series to which the appointment of such successor Trustee relates; but, on request of
the Issuer or any successor Trustee and upon the payment of any amount to the Trustee under Section 506, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee, to the extent contemplated by such supplemental
indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those Series to which the appointment of such successor Trustee relates. 

(c) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be
qualified and eligible under this Article. 
 SECTION 511. Merger, Conversion, Consolidation or Succession to Business. 

Any Person into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which the Trustee shall be a party, or any Person succeeding to all or substantially all of the institutional trust services business of the Trustee, shall be the successor of such Trustee hereunder, provided
such Person shall be otherwise qualified and eligible under this Article Five. Without limitation, it shall not be a conflict of interest for the Trustee to continue, without the execution or filing of any paper or any further act on the part of any
of the parties hereto. In case any Securities shall have been 

  
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authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to the authenticating Trustee may adopt such authentication and deliver the
Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
 SECTION 512. Authority to
Carry On Business. 
 The Trustee represents to the Issuer that, to the best of its knowledge and belief, at the date of execution and
delivery by it of this Indenture, it is qualified to act as trustee hereunder in accordance with Section 508 but if, notwithstanding the provisions of this Section 512, it ceases to be qualified to act as trustee hereunder in accordance
with Section 508, the validity and enforceability of this Indenture and the Securities issued hereunder shall not be affected in any manner whatsoever by reason only of such event but the Trustee shall, within 90 days after ceasing to be
qualified to act as trustee hereunder in accordance with Section 508 either become so qualified or resign in the manner and with the effect specified in Section 509. 

SECTION 513. Trustee Not Required To Give Security. 

The Trustee shall not be required to give any bond or security in respect of the execution of the trusts and powers of this Indenture or
otherwise in respect of this Indenture. 
 SECTION 514. Additional Representations and Warranties of Trustee. 

The Trustee further represents and warrants to the Issuer that, to the best of its knowledge and belief at the time of the execution and
delivery of this Indenture: 
 (a) it is a trust company validly existing under the laws of Canada and is authorized to do
business in Canada where it is required to be so authorized in order to perform the obligations of Trustee hereunder; 
 (b)
it has full power, authority and right to execute and deliver and perform its obligations under this Indenture and has taken all necessary action to authorize the execution, delivery and performance by it of this Indenture; 

(c) this Indenture has been duly executed and delivered by it and constitutes a valid and binding obligation of the Trustee
enforceable against it in accordance with its terms; 
 (d) it is in compliance with all requirements of the Trust Indenture
Legislation solely in connection with the Indenture and acting as Trustee hereunder; and 
 (e) is not a non-resident of
Canada within the meaning of the Income Tax Act (Canada). 

  
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 SECTION 515. Acceptance of Trusts. 

The Trustee hereby accepts the trusts imposed upon it by this Indenture and covenants and agrees to perform the same as herein expressed. 

ARTICLE SIX  

HOLDERS’ LISTS AND REPORTS BY PARENT 

SECTION 601. Disclosure of Names and Addresses of Holders. 

(a) A Holder of a particular Series of Securities may, upon payment to the Trustee of a reasonable fee and subject to
compliance with any applicable requirement of the Trust Indenture Legislation, require the Trustee to furnish within 10 days after receiving the affidavit or statutory declaration referred to below, a list setting out (i) the name and address
of every registered Holder of Outstanding Securities of such Series, the aggregate principal amount of Outstanding Securities owned by each registered Holder of such Series and (ii) the aggregate principal amount of Outstanding Securities of
such Series, each as shown on the records of the Trustee on the day that the affidavit or statutory declaration is delivered to the Trustee. The affidavit or statutory declaration, as the case may be, shall contain (x) the name and address of
the Holder, (y) where the Holder is a corporation, its name and address for service and (z) a statement that the list will not be used except in connection with an effort to influence the voting of the Holders of such Series, an offer to
acquire such Securities, or any other matter relating to such Securities or the affairs of the Issuer. Where the Holder is a corporation, the affidavit or statutory declaration shall be made by a director or officer of the corporation. 

(b) Every Holder of Securities, by receiving and holding the same, agrees with the Issuer and the Trustee that neither the
Issuer nor the Trustee shall be held accountable by reason of the disclosure of such list of the names and addresses of the Holders, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable
by reason of mailing any material pursuant to a request made under the Trust Indenture Legislation. 
 (c) Upon the demand of
the Trustee, the Issuer shall furnish the Trustee with the information required to enable the Trustee to comply with obligations in clause (a) of this Section 601; provided, however, that, for so long as the Trustee is the Security
Registrar, the Issuer need not furnish to the Trustee the list referred to therein. The Issuer shall comply with the terms of such other applicable provisions of the Trust Indenture Legislation in respect of the provision of a list of Holders of
Securities. 
 SECTION 602. Reports by Parent. 

(a) Subject to Section 602(b), whether or not Parent is subject to the reporting requirements of Section 13 or 15(d)
of the Exchange Act, Parent will 

  
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file with the SEC, and provide to the Trustee and the Holders of the Securities, within the time periods specified in such Sections of the Exchange Act: (i) all quarterly and annual reports
that would be required to be filed with the SEC on Forms 10-Q and 10-K if Parent were required to file such reports; and (ii) all current reports that would be required to be filed with the SEC on Form 8-K if Parent were required to file such
reports. 
 (b) If, at any time, Parent is not subject to the reporting requirements of Section 13 or 15(d) of the
Exchange Act for any reason, Parent will nevertheless continue filing the reports specified in Section 602(a) with the SEC within the time periods required, unless the SEC will not accept such a filing. Parent agrees that it will not take any
action for the purpose of causing the SEC not to accept such filings. If, notwithstanding the foregoing, the SEC will not accept such filings for any reason, Parent will post the reports specified in Section 602(a) on its website within the
time periods that would apply if Parent were required to file those reports with the SEC. 
 (c) For purposes of this
Section 602, Parent will be deemed to have provided a required report to the Trustee and the Holders of the Securities if it has timely filed such report with the SEC via the EDGAR filing system (or any successor system); it being understood
that the Trustee shall have no responsibility to determine if such filings have been made. 
 (d) Notwithstanding anything to
the contrary set forth in this Section 602, if any parent entity of Parent has filed with the SEC the information described in in Section 602(a) with respect to such parent entity of Parent, Parent shall be deemed to be in compliance with
the provisions of this Section 602; provided that, if such parent entity has material assets or operations other than those that are owned or operated by Parent and its Subsidiaries, such parent entity will provide to the Trustee and Holders of
the Securities financial information that explains in reasonable detail the differences between the information relating to such parent entity, on the one hand, and the information relating to Parent and its Subsidiaries, on the other hand. 

ARTICLE SEVEN  

SUCCESSORS 
 SECTION 701. Issuer
or Guarantor May Consolidate, etc. 
 The Issuer and each Guarantor shall not consolidate or amalgamate with or merge into any other
Person or convey, transfer or lease all or substantially all of the Issuer’s or a Guarantor’s respective properties and assets to any Person, unless: 

(a) either (1) the Issuer or a Guarantor, as applicable, is the continuing corporation or (2) any resulting,
surviving or transferee Person (if not the Issuer or a Guarantor) formed by such consolidation or amalgamation or into which the 

  
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Issuer or a Guarantor, as applicable, is merged or which acquires by conveyance, transfer or lease all or substantially all of the Issuer’s or a Guarantor’s properties and assets (such
Person, the “Successor Purchaser”) is an entity organized under the laws of the United States, any state of the United States or the District of Columbia or the federal laws of Canada or the laws of any province or territory of Canada;

 (b) the Successor Purchaser (if not the Issuer or a Guarantor, as applicable) (1) assumes by operation of law or
(2) expressly assumes by a supplemental indenture (and, where such Successor Purchasers is a successor to a Guarantor, a Guarantee) the due and punctual payment of the principal of, and any premium and interest on, all of the Securities and the
performance of every obligation in this Indenture (and, where such Successor Purchasers is a successor to a Guarantor, such Guarantor’s Guarantee) that the Issuer or the Guarantor, as applicable, would otherwise have to perform as if it were an
original party hereto (and thereto, as applicable); 
 (c) immediately after the effective date of such transaction, no Event
of Default shall have occurred and be continuing under this Indenture; and 
 (d) the Issuer or the Successor Purchaser, as
applicable, shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger, conveyance or transfer, as applicable, and, if a supplemental indenture is required
in connection with such transaction (or series of transactions), such supplemental indenture, comply with this Section 701. 
 SECTION 702.
Successor Substituted. 
 In the event that the Issuer or a Guarantor consolidates or amalgamates with or merges into another Person or
conveys, transfers or leases all or substantially all of its assets to any Person, the Successor Purchaser shall assume all of the Issuer’s obligations or such Guarantor’s obligations, as applicable, under this Indenture and the Securities
(and, in the case of a Guarantor, such Guarantor’s Guarantee) in accordance with Section 701(b) and the Issuer or such Guarantor, as applicable, shall be discharged from, relieved of, all of its obligations under this Indenture, the
Securities and, in the case of a Guarantor, its Guarantee (and, in the event of any such consolidation, amalgamation, merger, conveyance or transfer, the Issuer, the Company or Parent as the predecessor corporation, as applicable, may thereupon or
at any time thereafter be dissolved, wound up, or liquidated). After assuming such obligations, the Successor Purchaser shall succeed to, and be substituted for, and may exercise every right and power of, the Issuer or such Guarantor, as applicable,
under this Indenture and the Securities (and, where such Successor Purchasers is a successor to a Guarantor, such Guarantor’s Guarantee) with the same effect as if such Successor Purchaser had been named as the Issuer or a Guarantor herein (and
therein, as applicable). 

  
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 ARTICLE EIGHT  

SUPPLEMENTS AND AMENDMENTS TO INDENTURE 

SECTION 801. Supplemental Indentures and Amendments Without Consent of Holders. 

Notwithstanding Section 802, without the consent of any Holders, the Issuer, any Guarantors of the affected Securities, if applicable, and
the Trustee, at any time and from time to time, may amend, supplement or modify this Indenture (including any Series Supplement), the Securities or any Guarantee, and the Issuer may direct the Trustee to enter into one or more indentures
supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (a) to evidence or otherwise
reflect that another Person has succeeded the Issuer or a Guarantor hereunder, and the assumption by any such successor of the obligations of the Issuer or such Guarantor, as applicable, herein and in the Securities (or, in the case of a Guarantor,
its Guarantee); 
 (b) to add further covenants of the Issuer or a Guarantor or provide for guarantees for the benefit of the
Holders of any Series of Securities (and if any such added covenants are for the benefit of less than all Series of Securities, stating which Series are entitled to benefit therefrom), or to surrender any right or power herein or in the Securities
of any Series conferred upon the Issuer, a Guarantor or any Subsidiary; 
 (c) to add any additional Event of Default in
respect of a Series of Securities (and, if the added Event of Default is for the benefit of less than all Series of Securities, stating to which Series it applies); 

(d) to add provisions for bearer Securities so long as the action does not adversely affect the interests of Holders of any
Securities of such Series in any material respect; 
 (e) to change or eliminate any of the provisions of this Indenture;
provided, however, that any such change or elimination shall become effective only when there is no Security Outstanding of any Series created prior to the execution of such supplemental indenture which is entitled to the benefit of
such provision; 
 (f) to evidence and provide for the acceptance of appointment hereunder of a Trustee (other than
Computershare Trust Company of Canada as Trustee) for a Series of Securities and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than
one Trustee, pursuant to the requirements of Article Five; 

  
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 (g) to evidence and provide for the acceptance of appointment hereunder by a
successor Trustee with respect to the Securities of one or more Series, and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 510(b); 
 (h) to add to the conditions, limitations and restrictions
on the authorized amount, form, terms or purposes of issue, authentication and delivery of Securities, as herein set forth, other conditions, limitations and restrictions thereafter to be observed; 

(i) to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the
defeasance and discharge of any Series of Securities pursuant to Section 301; provided, however, that any such action shall not adversely affect the interests of the Holders of Securities of such Series or any other Series of
Securities in any material respect; 
 (j) to modify this Indenture, the Securities of a Series or a Guarantee in order to
comply with applicable Trust Indenture Legislation; 
 (k) to reduce the minimum denomination of any Series of Securities;

 (l) to add Guarantees with respect to the Securities of such Series or to confirm and evidence the release, termination or
discharge of any such Guarantee when such release, termination or discharge is permitted under this Indenture; 
 (m) to
convey, transfer, assign, mortgage or pledge any property to or with the Trustee as security for the Securities of any Series or a Guarantee, or to confirm and evidence the release, termination, discharge or retaking of any Lien with respect to or
securing the Securities of any Series or a Guarantee when such release, termination, discharge or retaking, as applicable, is provided for under this Indenture; 

(n) with respect to any Series of Securities, to conform any provision of this Indenture, or in the applicable Securities,
Guarantee or Series Supplement, to any provision summarized under the heading “Description of the Notes” (or any similar section that purports to summarize terms and conditions of such Series) in any offering memorandum or other offering
document relating to the issuance of Securities of such Series; 
 (o) to cure any ambiguity, omission, mistake, defect or
error, to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided such action shall not
adversely affect the interests of the Holders of Securities of any particular Series in any material respect; 

  
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 (p) to give effect to any Holder Direction or any other direction from Holders
permitted to be given under this Indenture, and to any other Act of the Holders made, given or taken by the Holders of one or more Series in accordance with this Indenture; or 

(q) to change the International Securities Identification Number (ISIN) and Committee on Uniform Securities Identification
Procedures (CUSIP) number of any Security. 
 In addition, without the consent of any Holders, but subject to the terms and conditions of
this Indenture, the Issuer, one or both of the Guarantors, as applicable, and the Trustee may, and the Trustee shall, upon the written request of the Issuer or when so directed by this Indenture, make, execute, acknowledge and deliver Series
Supplements from time to time to establish the form or terms of a Series of Securities, including additional Securities of an existing Series to the extent permitted by the applicable Series Supplement, which the Issuer wishes to issue under this
Indenture. 
 SECTION 802. Supplemental Indentures and Certain Amendments With Consent of Holders. 

The Issuer, any Guarantors of the affected Securities, if applicable, and the Trustee may, and the Trustee shall upon written request of the
Issuer or when so directed by this Indenture, enter into one or more indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or the Securities of any
Series or of waiving or modifying in any manner the rights of the Holders of a Series under this Indenture or the Securities of such Series upon delivery to the Issuer and the Trustee of written notice of a Holder Direction from the Holders of
Outstanding Securities of each Series that would be affected by such supplemental indenture or indentures, as the case may be; provided, however, that no such supplemental indenture, amendment or waiver shall, without the consent of the Holder of
each Outstanding Security of a Series affected thereby: 
 (a) modify the Stated Maturity of, or reduce the principal of, or
premium on, any Security; 
 (b) reduce the rate of or change the time for payment of interest on any Security; 

(c) reduce or alter the method of computation of any amount payable upon redemption, repayment or purchase of any Security by
the Issuer, or the time when the redemption, repayment or purchase may be made; 
 (d) change any obligation of the Issuer or
any Guarantor to pay Additional Amounts pursuant to Section 907; 
 (e) make the principal or interest on any Security
payable in a currency other than that stated in the Security or change the place of payment; 

  
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 (f) impair any right of any Holder to receive payment of principal of and
interest on such Holder’s Securities on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date); 

(g) reduce the right of any Holder to sue for the enforcement of payment of the principal or interest on or with respect to
such Holder’s Securities; 
 (h) make any change in the ranking or priority of any Security that would adversely affect
the Holders of such Security; 
 (i) reduce the percentage in principal amount of the Outstanding Securities of such Series,
the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain Defaults hereunder and their consequences)
provided for in this Indenture; or 
 (j) modify any of the provisions of this Section 802 or Section 413 or
Section 908, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security of such Series affected thereby;
provided, however, that this clause shall not be deemed to require the consent of any Holder of a Security with respect to changes in the references to “the Trustee” and concomitant changes in this Section 802 and
Section 908, or the deletion of this proviso, in accordance with the requirements of Section 508, Section 509, Section 510, Section 801(f) or Section 801(g). 

It shall not be necessary for any Act of Holders under this Section 802 to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such Act shall approve the substance thereof. Notwithstanding anything to the contrary in this Indenture, any action that is permitted or authorized to be taken by a Holder Direction shall be binding upon all
Holders of the applicable Series regardless of whether a particular Holder shall have approved such Holder Direction and, except as otherwise provided in such Holder Direction, regardless of whether the Holders of any other affected Series shall
have approved such action in respect of such other affected Series under this Section 802. 
 SECTION 803. Execution of Supplemental
Indentures. 
 In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the
modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to the Trust Indenture Legislation and Section 503 hereof) shall be fully protected in acting and relying upon, an Opinion of
Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise. 

  
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 SECTION 804. Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture under this Article Eight, this Indenture shall be modified in accordance therewith, and such
supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities of the applicable Series theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. A supplemental indenture
which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular Series of Securities, or which modifies the rights of the Holders of Securities of such
Series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other Series. 

SECTION 805. Conformity with the Trust Indenture Legislation. 

Every supplemental indenture executed pursuant to this Article Eight shall conform to the requirements of Trust Indenture Legislation, if any,
as then in effect and to the extent applicable. 
 SECTION 806. Reference in Securities to Supplemental Indentures. 

Securities authenticated and delivered after the execution of any supplemental indenture pursuant to this Article Eight may, and shall if
required by the Trustee or the Issuer, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Issuer shall so determine, new Securities so modified as to conform to any such supplemental
indenture may be prepared and executed by the Issuer and, upon Issuer Order, authenticated and delivered by the Trustee in exchange for Outstanding Securities. 

ARTICLE NINE  

COVENANTS 
 SECTION 901. Payment
of Principal, Premium and Interest. 
 The Issuer covenants and agrees, for the benefit of the Holders of each particular Series, that it
will duly and punctually pay the principal of (and premium, if any) and interest on the Securities of such Series in accordance with the terms of such Securities and this Indenture. 

SECTION 902. Maintenance of Office or Agency. 

The Issuer will maintain, or cause the related Security Registrar or related Paying Agent, as the case may be, to maintain, an office or agency
at each Place of Payment for a Series where Securities of such Series may be presented or surrendered for payment and where such Securities may be surrendered for registration of transfer or exchange. The Corporate Trust Office of the Trustee shall
be such office or agency of the Issuer, unless the Issuer shall designate and maintain some other office or agency for one or more of 

  
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such purposes. The Issuer will give prompt written notice to the Trustee of any change in the location of any such office or agency. If at any time the Issuer shall fail to maintain any such
required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Issuer hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 The Issuer may from time to time designate one
or more other offices or agencies (in or outside of the Place of Payment) where the Securities of one or more Series may be presented or surrendered for any or all purposes specified above in this Section 902, and may from time to time rescind
such designations; provided, however, that no such designation or rescission shall in any manner relieve the Issuer of its obligation to maintain an office or agency in the Place of Payment for each Series for such purposes. The Issuer will give
prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such office or agency. 

SECTION 903. Money for Securities Payments To Be Held in Trust. 

If the Issuer shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and premium, if any) or
interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or
otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. 
 Whenever the Issuer
shall have one or more Paying Agents for the Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any Securities, deposit with a Paying Agent a sum or, to the extent specified in the applicable
Series Supplement, other consideration sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum or other consideration to be held in trust for the benefit of the Persons entitled to such principal, premium or
interest and (unless such Paying Agent is the Trustee) the Issuer will promptly notify the Trustee of such action or any failure so to act. 

The Issuer will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent
shall agree with the Trustee, subject to the provisions of this Section 903, that such Paying Agent will: 
 (a) hold
all sums held by it for the payment of the principal of (and premium, if any) and interest on Securities in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein
provided; 
 (b) give the Trustee notice of any default by the Issuer (or any other obligor upon the Securities) in the
making of any payment of principal (and premium, if any) or interest; and 

  
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 (c) at any time during the continuation of any such default, upon the written
request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 The Issuer may at any time, for the
purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Issuer Order direct any Paying Agent to pay, to the Trustee all sums and other consideration held in trust by the Issuer or such Paying Agent,
such sums and other consideration to be held by the Trustee upon the same trusts as those upon which such sums and other consideration were held by the Issuer or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such
Paying Agent shall be released from all further liability with respect to such sums and other consideration. 
 Except as otherwise provided
in the Series Supplement, and subject to the Trust Indenture Legislation and other applicable laws, any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of (and premium, if
any) or interest on any Security and remaining unclaimed for two years (or such shorter period as may be specified in the applicable abandoned property statutes) after such principal (and premium, if any) or interest has become due and payable shall
be paid to the Issuer on Issuer Request, or (if then held by the Issuer) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Issuer for payment thereof, and all
liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any
such payment to the Issuer, may, at the expense of the Issuer, cause to be mailed to Holders of Securities notice that such consideration remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date
of such mailing, any unclaimed balance of such consideration then remaining will be delivered or repaid to the Issuer. 
 SECTION 904. Statements as
to Compliance. 
 The Company will deliver to the Trustee for each Series of Securities, within 120 days after the end of each fiscal
year of Parent ending after the date hereof (or within such shorter time period as may be required by the Trust Indenture Legislation), a written statement signed by an officer or director of the Company stating that: 

(a) a review of the activities of the Issuer and the Guarantors during such year and of performance under this Indenture has
been made under his or her supervision; and 
 (b) to the best of his or her knowledge, based on such review, the Issuer and
the Guarantors are in compliance with all of the conditions and covenants under this Indenture that, if not complied with, would constitute a Default or, if the Issuer or a Guarantor has not complied with one or more of such requirements, giving the
particulars of its failure to comply. 

  
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 For purposes of clause (b) of this Section 904, such compliance shall be determined
without regard to any period of grace or requirement of notice provided under this Indenture. 
 SECTION 905. Limitations on Liens. 

(a) Except as expressly provided in Section 905(b), Parent shall not, and shall not permit any Restricted
Subsidiary to, create, assume or incur any Lien, securing any indebtedness for borrowed money, upon (x) any Principal Facility or (y) any shares of Capital Stock of any Restricted Subsidiary that owns a Principal Facility to the extent
such shares are owned by Holdings or one or more of its Restricted Subsidiaries, in either case without making effective provision whereby all the Securities shall be secured with a Lien on such Principal Facility or such Capital Stock to the same
extent and in the same proportion as the indebtedness for borrowed money secured by such Lien on such Principal Facility or such Capital Stock, so long as any such indebtedness for borrowed money shall be so secured; provided, however, that
this Section 905 shall not be applicable to any of the following: 
 (i) Liens incurred in connection with the
issuance by a governmental entity, state or political subdivision of any securities the interest on which is exempt from United States federal income taxes by virtue of Section 103 of the Code or any other laws and regulations in effect at the
time of such issuance; 
 (ii) Liens existing on July 6, 2015; 

(iii) Liens on property existing at the time Parent or any of its Restricted Subsidiaries acquires such property or existing on
property of any Person that becomes a Subsidiary at the time such Person becomes a Subsidiary, including through a merger, amalgamation, share exchange or consolidation, or securing the payment of all or part of the purchase price of such property
or to secure indebtedness incurred solely for the purpose of financing the acquisition of such property; 
 (iv) Liens
securing indebtedness incurred to finance the development, construction, repair, alteration or improvement of such property incurred prior to, or within 180 days after the later of, the completion of development, construction, repair, alteration or
improvement of such property and the commencement of full operation of such property; provided, however, that such Liens shall not apply to any other property of Parent or any Restricted Subsidiaries; 

(v) Liens in favor of a U.S. federal, state or municipal governmental entity entered into for the purposes of reducing certain
tax liabilities of Parent or its Subsidiaries, provided that Parent or such Subsidiary may upon not more than 120 days’ notice obtain title from such 

  
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governmental entity to such property free and clear of any Liens (other than Liens permitted by this Section 905(a)) by paying a nominal fee or the amount of any taxes (or any portion
thereof) that would have otherwise been due and payable had such transaction not been terminated, by canceling issued bonds, if any, or otherwise terminating or unwinding such transaction; 

(vi) Liens in favor of either Guarantor, the Issuer or any Restricted Subsidiary; 

(vii) Liens required in connection with governmental programs which provide financial or tax benefits, as long as substantially
all of the obligations secured are in lieu of or reduce an obligation that would have been secured thereby by a Lien permitted under this Section 905; and 

(viii) Liens for the sole purpose of refunding, refinancing, exchanging, repaying, extending, renewing or replacing (including
pursuant to any defeasance or discharge mechanism) in whole or in part the indebtedness secured by any Lien referred to in any of the foregoing clauses (i) through (vii) of this Section 905(a) (other than clause (vi)) or in this
clause (viii). 
 (b) Parent or any of its Restricted Subsidiaries may create, assume or incur, or suffer to be created,
assumed or incurred, Liens that would otherwise be subject to the restrictions set out in Section 905(a), without securing any Securities of any Series; provided that the aggregate value of all outstanding indebtedness secured thereby,
plus the aggregate value of all Sale and Leaseback Transactions permitted by the provisions of Section 906, does not, at the time of such creation, assumption or incurrence, exceed the greater of (x) 10% of Parent’s Consolidated Net
Tangible Assets, and (y) 10% of Parent’s Consolidated Capitalization. 
 (c) The certificate of a firm of
independent public accountants shall be conclusive evidence as to the amount, at the date specified in such certificate, of net book value of any particular manufacturing plant or distribution facility, Consolidated Net Tangible Assets or
Consolidated Capitalization, as the case may be. 
 SECTION 906. Sale and Leaseback Transactions. 

Parent shall not, and shall not permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction of any Principal Facility,
unless: 
 (a) within 180 days of the effective date of such arrangement, an amount equal to the value of the property
subject to the Sale and Leaseback Transactions is applied to the retirement of long-term, unsubordinated indebtedness for borrowed money which had a stated maturity of more than one year from the date of its creation (which may include the
Securities); 

  
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 (b) the sum of (1) the aggregate amount of all Attributable Debt then
outstanding with respect to such Sale and Leaseback Transaction and (2) all Attributable Debt then outstanding under this clause (b) and all indebtedness secured by Liens pursuant to Section 905(b) would not, at the time such
transaction is entered into, exceed the greater of (i) 10% of Parent’s Consolidated Net Tangible Assets, and (ii) 10% of Parent’s Consolidated Capitalization; 

(c) such Sale and Leaseback Transaction exists on July 6, 2015 or at the time any Person that owns a Principal Facility
becomes a Restricted Subsidiary; 
 (d) such Sale and Leaseback Transaction is entered into solely between Parent and any
Subsidiary or between its Subsidiaries; 
 (e) such Sale and Leaseback Transaction is with a governmental authority that
provides financial or tax benefits; or 
 (f) such Sale and Leaseback Transaction is entered into within 180 days after the
initial acquisition of the Principal Facility subject to such Sale and Leaseback Transaction. 
 The term “value” shall, for the
purpose of this Section 906 and Section 905(b), mean, with respect to a Sale and Leaseback Transaction, as of any particular time, the amount equal to the greater of (i) the net proceeds of the sale of the property leased pursuant to
such Sale and Leaseback Transaction or (ii) the fair value of such property at the time of entering into such Sale and Leaseback Transaction, as determined by the Company in good faith. The certificate of a firm of independent public
accountants shall be conclusive evidence as to the amount, at the date specified in such certificate, of net book value of any particular manufacturing plant or distribution facility, Consolidated Net Tangible Assets or Consolidated Capitalization,
as the case may be. 
 SECTION 907. Payment of Additional Amounts 

If specified in the Series Supplement in respect of a Series, the provisions of this Section 907 shall be applicable to such Series. 

All payments made by the Issuer under or with respect to the Securities or a Guarantor under or with respect to its Guarantee will be made
without withholding or deduction for or on account of any present or future tax, assessment or other governmental charge (“Taxes”), unless the withholding or deduction of such Taxes is then required by law. If any deduction or withholding
for, or on account of, any Taxes imposed or levied by or on behalf of any jurisdiction in which the Issuer or the Guarantors are from time to time organized, engaged in business for tax purposes or resident for tax purposes or any political
subdivision thereof or therein (each, a “Tax Jurisdiction”) will at any time be required to be made from any payments made by the Issuer to a Holder under or with respect to the Securities or a Guarantor under or with respect to its
Guarantee, the Issuer or such Guarantor, as applicable, will pay to such Holder such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by such Holder (including the Additional Amounts) after such

  
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withholding or deduction will not be less than the amount such Holder would have received if such Taxes had not been withheld or deducted; provided, that no Additional Amounts will be payable
with respect to a payment to a Holder to the extent the related Taxes: 
 (a) arise by reason of a present or former
connection between such Holder (or between a fiduciary, settlor, beneficiary, member of, shareholder of, or possessor of a power over that Holder, if that Holder is an estate, trust, partnership or corporation or any person other than the Holder to
which that Security or any amount payable on that Security is attributable for the purpose of that Tax) and the relevant Tax Jurisdiction (or any province or territory thereof), other than a connection arising solely by reason of the acquisition,
ownership or disposition of the Securities, the receipt of payments in respect of the Securities or Guarantee or the enforcement thereof; 

(b) would not have been so withheld or deducted if the Security had been presented for payment within 30 days after the Issuer
made available to such Holder a payment of principal in accordance with the terms of this Indenture, except to the extent that such Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day
period and there were no additional withholdings or deductions as a result of such late presentment; 
 (c) are in respect of
any estate, inheritance, gift, transfer, excise, wealth, capital gains, personal property or similar Taxes; 
 (d) are
imposed other than by withholding or deduction by us or a paying agent from the payment; 
 (e) arise from the failure of
such Holder to comply with a timely request of the Issuer to provide information concerning such holder’s nationality, residence, entitlement to treaty benefits, identity or connection with a Tax Jurisdiction or to make any timely or valid
declaration or similar claim or satisfy any certification information or other reporting requirement, if and to the extent that due and timely compliance with such request would have reduced or eliminated such Taxes; 

(f) arise as a result of the Holder not dealing at arm’s length with the Issuer for the purposes of the Income Tax Act
(Canada) or (ii) the Holder being a “specified shareholder” of the Issuer or a person who does not deal at arm’s length with a specified shareholder of the Issuer for the purposes of the thin capitalization rule contained in
subsection 18(4) of the Income Tax Act (Canada); 
 (g) are imposed in respect of any Holder that is not the sole beneficial
owner of the Securities, or a portion of the Securities, or that is a fiduciary, partnership or limited liability company, but only to the extent that a beneficial owner with respect to the Holder, a beneficiary or settlor with respect to the

  
 66 

 
fiduciary, or a beneficial owner or member of the partnership or limited liability company would not have been entitled to the payment of an Additional Amount had the beneficiary, settlor,
beneficial owner or member received directly its beneficial or distributive share of the payment; 
 (h) in the case of a
payment made by a Guarantor, arise by reason of the Holder (or the beneficial owner for whose benefit such Holder holds such Security, or a fiduciary, settlor, beneficiary, member or shareholder of the Holder if the Holder is an estate, trust,
partnership or corporation, or a person holding a power over an estate or trust administered by a fiduciary holder) being considered as: 

(i) being or having been a personal holding company, a passive foreign investment company or a controlled foreign corporation
for U.S. income tax purposes or a corporation that has accumulated earnings to avoid U.S. federal income tax; 
 (ii) being
or having been a “10-percent shareholder” of a Guarantor as defined in section 871(h)(3) of the Code or any successor provision; or 

(iii) being a bank receiving payments on an extension of credit made pursuant to a loan agreement entered into in the ordinary
course of its trade or business, as described in section 881(c)(3)(A) of the Code or any successor provision; 
 (i) are
imposed under Sections 1471 through 1474 of the Code (or any amended or successor provisions), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code or any
fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; or 

(j) arise by reason of any combination of clause (a) through (i) above of this Section 907. 

Notwithstanding the foregoing or any other provision of this Indenture, any Additional Amounts payable to a Holder shall be equal to
the lesser of (i) the Additional Amounts that would be required if the Holder was a resident of Canada for purposes of the Income Tax Act (Canada); and (ii) the Additional Amounts that would otherwise be payable to the Holder.

 At least 10 days prior to each date on which any payment under or with respect to a Series is due and payable, if the Issuer will be
obligated to pay Additional Amounts with respect to such payment, the Issuer will deliver to the Trustee an Officer’s Certificate stating the fact that such Additional Amounts will be payable, stating the amounts so payable and will set forth
such other information necessary to enable the Trustee, on behalf of the Issuer, to pay such Additional Amounts to Holders of such Series on the payment date. The Trustee will make such payments in the same manner as any other payments on such
Series. 

  
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 Whenever in this Indenture there is mentioned, in any context, the payment of principal (and
premium, if any), Redemption Price, interest or any other amount payable under or with respect to any Security such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this Section 907 to the extent
that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to the provisions of this Section 907 and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall
not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made (if applicable). 
 SECTION 908.
Waiver of Certain Covenants. 
 The Issuer and the Guarantors may omit in any particular instance to comply with any covenant or
condition set forth in Section 602, Section 904, Section 905 or Section 906 or, except as provided in Section 413, any and all additional or different covenants or conditions provided in the applicable Series Supplement
(except as otherwise indicated therein), in each case, with respect to any Series of Securities to which such covenant or condition applies, if, before or after the time for such compliance, the Holders of the Outstanding Securities of such affected
Series shall, by Holder Direction, waive such compliance in such instance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such waiver shall
become effective, the obligations of the Issuer and the Guarantors and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect for purposes of such Series. 

ARTICLE TEN 
 REDEMPTION
OF SECURITIES 
 SECTION 1001. Right of Redemption. 

(a) The Securities of a Series may be redeemed, at the option of the Issuer, as a whole or from time to time in part, at any
time, at the Redemption Price (together with accrued and unpaid interest to, but excluding, the Redemption Date) and subject to the other terms and conditions, if any, specified in such Security or the Series Supplement in respect of the Securities
of such Series. 
 (b) In addition to any right of redemption provided in a Series Supplement, Securities of any Series may
be redeemed, at the option of the Issuer at any time, in whole but not in part, at a Redemption Price equal to the principal amount thereof together with accrued and unpaid interest to, but not including, the Redemption Date, upon the giving of a
notice as described below, if as a result of any change in, or amendment to, applicable laws (or any regulations or rulings 

  
 68 

 
promulgated under applicable laws), or any change in, or amendment to, an official position regarding the application or interpretation of such laws, regulations or rulings (including a holding
by a court of competent jurisdiction), which change or amendment is announced or becomes effective on or after June 23, 2015, or such alternate date as may be specified in the Series Supplement for such Series, the Issuer becomes or will become
or a Guarantor becomes or will become obligated to pay Additional Amounts (based on a written opinion of independent counsel selected by the Issuer) with respect to Securities of such Series pursuant to Section 907. 

SECTION 1002. Applicability of Article. 

Redemption of Securities of any Series at the election of the Issuer or otherwise, as permitted or required by any provision of this Indenture
or any Series Supplement in respect of the Securities of such Series, shall be made in accordance with such provision and this Article Ten; provided, however, that if any provision of any such Series Supplement shall conflict with any
provision of this Article Ten, the provision of such Series Supplement shall govern. 
 SECTION 1003. Election to Redeem; Notice to Trustee.

 The election of the Issuer to redeem any Securities of any Series shall be evidenced by an Officer’s Certificate. In case of any
redemption at the election of the Issuer of the Securities of any particular Series, the Issuer shall, at least 30 days (or, in the case of a redemption pursuant to Section 1001(b), at least 15 days) but not more than 60 days prior to the
Redemption Date fixed by the Issuer (unless a shorter notice or longer notice, as applicable, shall be satisfactory to the Trustee) notify the Trustee of such Redemption Date, the applicable Series of Securities to be redeemed and the principal
amount of such Securities to be redeemed. 
 SECTION 1004. Selection by Trustee of Securities to be Redeemed. 

If less than all the Securities of a Series are to be redeemed, the particular Securities or portions thereof to be redeemed shall be selected
by the Trustee from the Outstanding Securities of such Series not previously called for redemption, (a) on a pro rata basis (or as nearly as practicable) if the Securities are represented by physical certificates or (b) by lot or such
other similar method in accordance with the procedures of the Depositary if the Securities are Global Securities, and the amounts to be redeemed may be equal to Cdn$1,000 (for Securities denominated in Canadian dollars) or the minimum denomination
provided for in the applicable Series Supplement (for Securities that are denominated in Canadian dollars) or any integral multiple thereof. 

The Trustee shall promptly notify the Issuer and the Security Registrar in writing of the Securities selected for redemption and, in the case
of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture,
unless the context otherwise requires, all provisions relating to redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or
is to be redeemed. 

  
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 SECTION 1005. Notice of Redemption. 

Notice of redemption shall be mailed by first-class mail to each Holder of Securities of the Series to be redeemed, at its address appearing in
the Security Register, or delivered electronically, in each case at least 30 but not more than 60 days prior to the Redemption Date; provided, however, that a notice redemption may be mailed more than 60 days prior to the Redemption
Date if the notice is issued in connection with a defeasance of the Series to be redeemed or a satisfaction and discharge of the Indenture pursuant to Article Three. 

All notices of redemption shall state: 

(a) the Redemption Date; 

(b) the Redemption Price; 

(c) if less than all Outstanding Securities of a Series are to be redeemed, the identification (and, in the case of a Security
to be redeemed in part, the respective principal amounts) of the particular Securities to be redeemed; 
 (d) that, on the
Redemption Date, the Redemption Price will become due and payable upon each such Security or portion thereof, and that, unless the Issuer defaults in making such redemption payment, and that interest thereon, if any, shall cease to accrue on and
after said date; 
 (e) the place or places where such Securities are to be surrendered for payment of the Redemption Price;
and 
 (f) any conditions to redemption. 

Notice of redemption of Securities to be redeemed at the election of the Issuer shall be given by the Issuer or, at the Issuer’s written
request, by the Trustee in the name and at the expense of the Issuer. Notice of any redemption of Securities in connection with a corporate transaction (including any equity offering, an incurrence of indebtedness or a transaction involving a change
of control of Parent, the Company or the Issuer) may, at the Issuer’s discretion, be given prior to the completion thereof and any such redemption or notice may, at the Issuer’s discretion, be subject to one or more conditions precedent,
including, but not limited to, completion of the related transaction. If such redemption or purchase is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded
in the event that any or all such conditions shall not have been satisfied by the Redemption Date. In addition, the Issuer may provide in such notice that payment of the Redemption Price and performance of the Issuer’s obligations with respect
to such redemption may be performed by another Person. 

  
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 Any inadvertent defect in a notice of redemption, including an inadvertent failure to give
notice, to any Holder whose Securities are selected for redemption will not impair or affect the validity of the redemption of any the Securities of any other Holder that are to be redeemed. 

SECTION 1006. Deposit of Redemption Price or Purchase Price. 

On or prior to 10:00 a.m. Eastern Time on any Redemption Date or Purchase Date, the Issuer shall deposit or cause to be deposited with the
Trustee or with a Paying Agent (or, if the Issuer is acting as its own Paying Agent, segregate and hold in trust as provided in Section 903) an amount of money sufficient to pay the Redemption Price or Purchase Price, as applicable, of, and
(except if the Redemption Date or Purchase Date shall be an Interest Payment Date) any accrued and unpaid interest to, but excluding, the Redemption Date or Purchase Date, as applicable, on, all the Securities which are to be redeemed or repurchased
on that date. 
 SECTION 1007. Securities Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, subject to any terms or conditions of such notice of redemption that are permitted by the
Series Supplement in respect of such Securities, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified and, from and after such date (unless the Issuer shall default in the
payment of the Redemption Price and accrued and unpaid interest thereon, if any, that is payable to the Holder of such Securities in connection with such redemption), interest thereon shall cease to accrue on such Securities, which shall cease to
bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Issuer at the Redemption Price together with accrued and unpaid interest that is payable thereon, if any, to but
excluding the Redemption Date; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such
at the close of business on the relevant Regular Record Dates according to the terms and the provisions of Section 209. 
 If any
Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal thereof (and premium, if any, thereon) shall, until paid, bear interest from the Redemption Date at a rate per annum equal to the rate borne by
the Security or, in the case of Discount Securities or Linked Securities, at the rate provided therefor in the Series Supplement. 
 SECTION 1008.
Securities Redeemed in Part. 
 Any Security which is to be redeemed only in part shall be surrendered at the office or agency of the
Issuer maintained for such purpose pursuant to Section 902 (with, if the Issuer, the Security Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer, the Security
Registrar or the Trustee duly executed by, the Holder thereof or its attorney duly authorized in 

  
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writing), and the Issuer shall execute, and, upon Issuer Order, the Trustee shall authenticate and deliver to the Holder of such Security, without service charge, a replacement Security or
Securities, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 

SECTION 1009. Securities Purchased in Part. 

Any Security that is to be purchased only in part shall be surrendered to the Paying Agent at the office of the Paying Agent or to the office
or agency referred to in Section 902 (with, if the Issuer or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer and the Trustee duly executed by, the Holder thereof or such
Holder’s attorney duly authorized in writing) and the Issuer shall execute and, upon Issuer Order, the Trustee shall authenticate and deliver to the Holder of such Security, without service charge, a replacement Security or Securities, of any
authorized denomination as requested by such Holder in an aggregate principal amount equal to, and in exchange for, the principal amount of the Security so surrendered that is not purchased. 

SECTION 1010. Acquisition by Means Other Than Redemption. 

For avoidance of doubt, the Issuer may purchase or otherwise acquire, at any time or from time to time, Securities of any Series by means other
than a redemption, whether pursuant to an offer to purchase, open market purchase, private contract or otherwise, at such prices as the Issuer may determine in its sole discretion. 

ARTICLE ELEVEN 

MEETINGS OF HOLDERS OF SECURITIES 

SECTION 1101. Purposes for Which Meetings May Be Called. 

A meeting of Holders of Securities of any Series may be called at any time and from time to time pursuant to this Article Eleven to make, give
or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such Series. 

SECTION 1102. Call, Notice and Place of Meetings. 

(a) Upon receiving the necessary funding and indemnity required by Section 503(i), the Trustee may at any time call a
meeting of Holders of Securities of any Series for any purpose specified in Section 1101, to be held at such time and at such place in Toronto, Ontario as the Trustee shall determine. Notice of every meeting of Holders of Securities of any
Series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 107, not less than 20 nor more than 180 days prior to the date
fixed for the meeting; provided that the Trustee shall have no obligation to call any meeting if it is not funded and indemnified to its reasonable satisfaction against its costs, expenses and liabilities associated therewith. 

  
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 (b) In case at any time the Issuer, pursuant to written notice to the Trustee, or
the Holders of at least 10% in principal amount of the Outstanding Securities of any Series shall have requested the Trustee to call a meeting of the Holders of Securities of such Series for any purpose specified in Section 1101, by written
request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 30 days of such request or shall not thereafter proceed to
cause the meeting to be held as provided herein, then the Issuer or the Holders of Securities of such Series in the amount above specified, as the case may be, may determine the time and the place in Toronto, Ontario for such meeting and may call
such meeting for such purposes by giving notice thereof as provided in paragraph (a) of this Section 1102. 
 SECTION 1103. Persons
Entitled to Vote at Meetings. 
 To be entitled to vote at any meeting of Holders of Securities of any Series, a Person shall be
(a) a Holder of one or more Outstanding Securities of such Series; or (b) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such Series by such Holder or Holders. The
only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of any Series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any
representatives of the Issuer and its counsel. 
 SECTION 1104. Quorum; Action. 

The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a Series shall constitute a quorum for a meeting
of Holders of Securities of such Series. In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such Series, be dissolved. In any other case,
the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further
adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such adjourned meeting. Subject to Section 1105(d), notice of the reconvening of any adjourned meeting shall be given as
provided in Section 1102(a), except that such notice need be given only once not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly
that Persons entitled to vote a majority in principal amount of the Outstanding Securities of such Series shall constitute a quorum. 

  
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 Except as limited by the proviso to Section 802, any resolution presented to a meeting or
adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that Series; provided, however, that
except as limited by the proviso to Section 802, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture expressly provides may be made, given or taken by the
Holders of a specified percentage which is less than a majority in principal amount of the Outstanding Securities of a Series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the
affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Securities of that Series. Any resolution passed or decision taken at any meeting of Holders of Securities of any Series duly held in accordance with
this Section 1104 shall be binding on all the Holders of Securities of such Series, whether or not present or represented at the meeting. 

SECTION 1105. Determination of Voting Rights; Conduct and Adjournment of Meetings. 

(a) Notwithstanding any other provision of this Indenture, the Trustee may make such reasonable regulations as it may deem
advisable for any meeting of Holders of Securities of any Series in regard to proof of the holding of Securities of such Series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and
examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding
of Securities shall be proved in the manner specified in Section 105 and the appointment of any proxy shall be proved in the manner specified in Section 105. Such regulations may provide that written instruments appointing proxies, regular
on their face, may be presumed valid and genuine without the proof specified in Section 105 or other proof. 
 (b) The
Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Issuer or by Holders of Securities as provided in Section 1102(b), in which case the Issuer or the Holders
of Securities of the Series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority
in principal amount of the Outstanding Securities of such Series as are represented in person or by proxy at the meeting. 

(c) At any meeting, each Holder of a Security of such Series or a proxy thereof shall be entitled to one vote for each $1,000
principal amount of Securities of such Series held or represented by such Holder as determined in accordance with Section 116; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not
Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such Series or a proxy thereof. 

  
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 (d) Any meeting of Holders of Securities of any Series duly called pursuant to
Section 1102 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such Series represented in person or by proxy at the meeting; and the
meeting may be held as so adjourned without further notice. 
 SECTION 1106. Counting Votes and Recording Action of Meetings. 

The vote upon any resolution submitted to any meeting of Holders of Securities of any Series shall be by written ballots on which shall be
subscribed the signatures of the Holders of Securities of such Series or of their representatives by proxy and the principal amounts and, if appropriate, the serial numbers of the Outstanding Securities of such Series held or represented by them.
The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in
triplicate of all votes cast at the meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders of Securities of any Series shall be prepared by the secretary of the meeting and there shall be attached to said record the
original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given as provided
in Section 1102 and, if applicable, Section 1104. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Issuer, and another to the
Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

ARTICLE TWELVE 

GUARANTEES 
 SECTION 1201.
Guarantees. 
 On the date hereof, each of the Guarantors shall execute, and deliver to the Trustee a guarantee agreement, substantially
in the form attached hereto as Exhibit A, providing for its guarantee, on a joint and several basis, of the obligations of the Issuer under this Indenture and the Securities. 

SECTION 1202. Release of Guarantor. 

(a) A Guarantor shall be automatically and unconditionally released, discharged and relieved from all of its obligations under
its Guarantee and this Indenture, and such Guarantee shall be terminated and be of no further force or effect, and no further action by such Guarantor, the Issuer or the Trustee shall be required for such release, discharge and termination, in any
of the following circumstances: 
 (i) upon (A) the Issuer’s election to defease its obligations pursuant to
Section 301 or the Issuer’s obligations under this Indenture being discharged in accordance with Section 304 and, (B) in either case, such Guarantor delivering to the Trustee an Officer’s Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for in the Indenture relating to such defeasance or discharge have been complied with; 

  
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 (ii) upon such Guarantor consolidating or amalgamating with or merging into a
Successor Purchaser or conveying, transferring or leasing all or substantially all of its assets to a Successor Purchaser, each in accordance with Section 701; or 

(iii) as provided for in any Series Supplement. 

(b) The release and termination referred to in Section 1202(a)(ii) shall take effect immediately prior to the assumption
by such Successor Purchaser of such Guarantor’s obligations under this Indenture in accordance with Section 701(b). 

(c) At the written request of the Issuer, the Trustee shall execute and deliver any documents reasonably required in order to
evidence such release, discharge and termination in respect of the applicable Guarantee. 

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

			
	 KRAFT CANADA INC.,
 as
Issuer

		
	By:		 /s/ James Liu

	Name:		James Liu
	Title:		Treasurer
	
	 THE KRAFT HEINZ COMPANY,
 as
Guarantor

		
	By:		 /s/ Fabio Spina

	Name:		Fabio Spina
	Title:		 Attorney-In-Fact for Paulo Basilo,
 Vice
President, Chief Financial Officer and Secretary

	
	 KRAFT HEINZ FOODS COMPANY,

as Guarantor

		
	By:		 /s/ James Liu

	Name:		James Liu
	Title:		Global Treasurer

 Signature Page to the Base Indenture 

 
			
	 COMPUTERSHARE TRUST COMPANY OF CANADA,

as Trustee

		
	By:		 /s/ Patricia Wakelin

	Name:		Patricia Wakelin
	Title:		Corporate Trust Officer
		
	By:		 /s/ Charles Cuschieri

	Name:		Charles Cuschieri
	Title:		Associate Trust Officer

 Signature Page to the Base Indenture 

 EXHIBIT A 

FORM OF GUARANTEE AGREEMENT 

[see attached] 
 Signature Page to the
Base Indenture

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}]]