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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";' align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Exhibit 4.2</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Macy&#146;s Retail
Holdings, Inc., as <i>Issuer</i></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>and</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Macy&#146;s Inc., as <i>Guarantor</i></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>and</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>The Bank of New
York Mellon Trust Company, N.A., as Trustee</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>SEVENTH SUPPLEMENTAL
TRUST INDENTURE</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:.25in;text-align:center'><b><i>Dated
as of November 18, 2014</i></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Supplementing that
certain</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Indenture</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b><i>Dated as of January
13, 2012</i></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Authorizing the
Issuance and Delivery of Senior Securities</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>consisting of</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:center'><b>$550,000,000 aggregate
principal amount of 4.500% Senior Notes Due 2034</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

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<div style='page:WordSection2;'>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'><a name=mpTableOfContents>RECITALS................................................................................................................................... 1</a></p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>[Form of Face of Security]............................................................................................ 2</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>[Form of Reverse of Security]..................................................................................... 4</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>ARTICLE I......... ISSUANCE OF SENIOR NOTES.................................................................. 8</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 1.1........... Issuance Of Senior Notes; Principal
Amount; Maturity; </p>
<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additional Senior Notes....................................................................... 8</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 1.2........... Interest On The Senior Notes; Payment
Of Interest.............................. 9</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 1.3........... Execution, Authentication And Delivery
Of Securities.......................... 10</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>ARTICLE II........ CERTAIN DEFINITIONS............................................................................ 10</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 2.1........... Certain Definitions.............................................................................. 10</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>ARTICLE III...... CERTAIN COVENANTS.............................................................................. 19</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 3.1........... Liens.................................................................................................. 19</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 3.2........... Sale And Leaseback Transactions...................................................... 19</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 3.3........... Permitting Unrestricted Subsidiaries To
Become Restricted</p>
<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subsidiaries........................................................................................ 20</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 3.4........... Payment Office................................................................................... 21</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>ARTICLE IV...... ADDITIONAL EVENTS OF DEFAULT....................................................... 21</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 4.1........... Additional Events Of Default............................................................... 21</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>ARTICLE V........ DEFEASANCE............................................................................................. 22</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 5.1........... Applicability Of Article V Of The
Indenture........................................ 22</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>ARTICLE VI...... REDEMPTION OF SENIOR NOTES........................................................... 22</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 6.1........... Right Of Redemption.......................................................................... 22</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>ARTICLE VII..... CHANGE OF CONTROL............................................................................. 23</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 7.1........... Repurchase At The Option Of Holders............................................... 23</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.25in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;'>ARTICLE VIII... MISCELLANEOUS....................................................................................... 24</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 8.1........... Reference To And Effect On The
Indenture........................................ 24</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 8.2........... Waiver Of Certain Covenants............................................................. 24</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 8.3........... Supplemental Indenture May Be Executed
In Counterparts................. 24</p>

<p style='margin-top:0in;margin-right:.5in;margin-bottom:6.0pt;margin-left:1.75in;text-indent:-1.25in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Section 8.4........... Effect Of Headings............................................................................. 24</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

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<div style='page:WordSection3;'>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'><b>Seventh Supplemental Trust Indenture</b>, dated as of November
18, 2014, among Macy&#146;s Retail Holdings, Inc., a corporation duly organized and
existing under the laws of the State of New York, as issuer (the &#147;<i>Company</i>&#148;),
Macy&#146;s, Inc., a corporation duly organized and existing under the laws of the
State of Delaware, as guarantor (the &#147;<i>Guarantor</i>&#148;), and The Bank of New
York Mellon Trust Company, N.A., a national banking association duly
incorporated under the laws of the United States of America, as Trustee (the &#147;<i>Trustee</i>&#148;),
(this &#147;<i>Supplemental Indenture</i>&#148;) to the Indenture, dated as of January
13, 2012, among the Company, the Guarantor and the Trustee (as supplemented
hereby, the &#147;<i>Indenture</i>&#148;).</p>

<p style='mso-style-link:"Title Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;'>RECITALS</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company has duly authorized the execution
and delivery of the Indenture to provide for the issuance from time to time of
its unsecured debentures, notes, or other evidences of indebtedness (the &#147;<i>Securities</i>&#148;)
to be issued in one or more series as provided for in the Indenture.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Guarantor has fully and unconditionally
guaranteed, to the extent set forth in the Indenture and subject to the
provisions of the Indenture, the due and punctual payment of each series of
Securities issued thereunder.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Indenture provides that the Securities of
each series shall be in substantially the form set forth in the Indenture, or
in such other form as may be established by or pursuant to a Board Resolution
or in one or more indentures supplemental thereto, in each case with such
appropriate insertions, omissions, substitutions, and other variations as are
required or permitted by the Indenture, and may have such letters, numbers, or
other marks of identification and such legends or endorsements placed thereon
as may be required to comply with the rules of any securities exchange or as
may, consistently herewith, be determined by the officers executing such
Securities, as evidenced by their execution thereof.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company shall issue and deliver, and the
Trustee shall authenticate, Securities denominated &#147;4.500% Senior Notes Due 2034&#148;
(the &#147;<i>Senior Notes</i>&#148;) pursuant to the terms of this Supplemental
Indenture and substantially in the form set forth below, in each case with such
appropriate insertions, omissions, substitutions, and other variations as are
required or permitted by the Indenture and this Supplemental Indenture, and
with such letters, numbers, or other marks of identification and such legends
or endorsements placed thereon as may be required to comply with the rules of
any securities exchange or as may, consistently herewith, be determined by the
officers executing such Securities, as evidenced by their execution of such
Securities.</p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>&nbsp;</p>

<p style='mso-style-name:"Subtitle No Bold";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>[Form of Face of Security]</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>This Security is a Global Security within the meaning of
the Indenture hereinafter referred to and is registered in the name of a
Depositary or a nominee thereof.&nbsp; This Security may not be transferred to, or
registered or exchanged for Securities registered in the name of any Person
other than the Depositary or a nominee thereof, and no such transfer may be
registered, except in the limited circumstances described in the Indenture.&nbsp;
Every Security authenticated and delivered upon registration of transfer of, or
in exchange for or in lieu of, this Security shall be a Global Security subject
to the foregoing, except in such limited circumstances.</p>

<p style='mso-style-link:"Subtitle Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;'>Macy&#146;s Retail
Holdings, Inc.</p>

<p style='mso-style-name:"Subtitle No Bold";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>4.500% Senior Notes Due 2034</p>

<p style='mso-style-link:"Subtitle Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;'>Guaranteed As To
Payment Of Principal, Premium, If Any, And Interest By <br>
Macy&#146;s, Inc.&nbsp; </p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>No. __</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>$___________
  </p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>Cusip
  No. 55616X AM9</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:right'>ISIN
  No. US55616XAM92</p>
  </td>
 </tr>
</table>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>MACY&#146;S RETAIL HOLDINGS, INC., a corporation duly organized
and existing under the laws of the State of New York (hereinafter called the &#147;<i>Company</i>&#148;,
which term includes any successor Person under the Indenture hereinafter
referred to), for value received, hereby promises to pay to Cede &amp; Co., or
registered assigns, the principal sum of $__________ on December 15, 2034 and
to pay interest thereon from November 18, 2014 or from the most recent Interest
Payment Date to which interest has been paid or duly provided for, semiannually
on June 15 and December 15 of each year, commencing on June 15, 2015, at the
rate of 4.500% per annum, until the principal hereof is paid or made available
for payment. The interest so payable, and punctually paid or duly provided for,
on any Interest Payment Date will, as provided in such Indenture, be paid to
the Person in whose name this Security (or one or more Predecessor Securities)
is registered at the close of business on the Regular Record Date for such
interest, which will be June 1 or December 1 (whether or not a Business Day),
as the case may be, next preceding such Interest Payment Date.&nbsp; Any such
interest not so punctually paid or duly provided for will forthwith cease to be
payable to the Holder on such Regular Record Date and may either be paid to the
Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee, notice whereof will be
given to Holders of Securities of this series not less than 10 calendar days
prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on
which the Securities of this series may be listed, and upon such notice as may
be required by such exchange, all as more fully provided in said Indenture.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>MACY&#146;S, INC., a corporation duly organized and existing
under the laws of the State of Delaware (hereinafter called the &#147;<i>Guarantor</i>&#148;,
which term includes any successor Person under the Indenture hereinafter
referred to), has fully and unconditionally guaranteed, to the extent set forth
in the Indenture and subject to the provisions of the Indenture, the due and
punctual payment of each series of Securities issued thereunder (the &#147;<i>Guarantee</i>&#148;).&nbsp;
The obligations of the Guarantor to the Holders and to the Trustee pursuant to
the Guarantee are expressly set forth in Article XII of the Indenture and
reference is hereby made to the Indenture for the precise terms of the
Guarantee.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Subject, in the case of any Global Security, to any
applicable requirements of the Depositary, payment of the principal of and any
such interest on this Security will be made at the office or agency of the
Company maintained for the purpose in New York, New York, in such coin or
currency of the United States of America as at the time of payment is legal tender
for payment of public and private debts; provided, however, that at the option
of the Company payment of interest may be made by check mailed to the address
of the Person entitled thereto as such address appears in the Security
Register.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS SET
FORTH ON THE REVERSE HEREOF.&nbsp; SUCH PROVISIONS WILL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS THOUGH FULLY SET FORTH IN THIS PLACE.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>This Security will not be valid or become obligatory for
any purpose until the certificate of authentication herein has been signed
manually by the Trustee under said Indenture.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>In Witness Whereof, the Company has caused this instrument
to be duly executed in accordance with the Indenture.</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>MACY&#146;S RETAIL HOLDINGS, INC.</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Date Issued:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Guarantor has fully and unconditionally guaranteed, to
the extent set forth in the Indenture and subject to the provisions of the
Indenture, the due and punctual payment of each series of Securities issued
thereunder.&nbsp; In case of the failure of the Company punctually to make any such
payment, the Guarantor hereby agrees to cause such payment to be made
punctually.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The obligations of the Guarantor to the Holders and to the
Trustee pursuant to the Guarantee are expressly set forth in Article XII of the
Indenture and reference is hereby made to the Indenture for the precise terms
of the Guarantee.</p>

<br
clear=all style='page-break-before:always'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In Witness Whereof, the Guarantor has caused
this instrument to be duly executed in accordance with the Indenture.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>MACY&#146;S, INC.</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Date Issued:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-name:"Subtitle No Bold";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";'>[Form of Reverse of Security]</p>

<p style='mso-style-link:"Subtitle Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;'>Macy&#146;s Retail
Holdings, Inc.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>This Security is one of a duly authorized issue of
securities of the Company (herein called the &#147;<i>Securities</i>&#148;) issued and to
be issued in one or more series under an Indenture, dated as of January 13,
2012 (herein called the &#147;<i>Base Indenture</i>&#148;), by and among the Company,
Macy&#146;s, Inc., as guarantor (the &#147;<i>Guarantor</i>&#148;), and The Bank of New York
Mellon Trust Company, N.A., a national banking association, as Trustee (herein
called the &#147;<i>Trustee</i>&#148;, which term includes any successor trustee under
the Indenture), as amended and supplemented by the Seventh Supplemental Trust
Indenture, dated as of November 18, 2014, among the Company, the Guarantor and
the Trustee (the &#147;<i>Supplemental Indenture</i>&#148; and, together with the Base
Indenture, the &#147;<i>Indenture</i>&#148;), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties, and immunities thereunder of the
Company, the Guarantor, the Trustee, and the Holders of the Securities and of
the terms upon which the Securities are, and are to be, authenticated and
delivered. This Security is one of the series designated on the face hereof,
initially limited in aggregate principal amount to $550,000,000.&nbsp; Subject to
compliance with Section 1.1(c) of the Supplemental Indenture, the Company is
permitted to issue Additional Senior Notes under the Indenture in an unlimited
principal amount.&nbsp; Any such Additional Senior Notes that are actually issued
shall be treated as issued and outstanding Securities of this series for all
purposes of the Indenture, unless the context clearly indicates otherwise.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Prior to June 15, 2034, the Securities of this series are
redeemable in whole or in part, at the option of the Company at any time and
from time to time, on not less than 30 or more than 60 days&#146; prior notice transmitted
to the Holders of the Securities of this series, at a Redemption Price equal to
the greater of (i)&nbsp;100% of the principal amount of the Securities of this
series to be redeemed and (ii)&nbsp;the sum of the present values of the
Remaining Scheduled Payments thereon discounted to the Redemption Date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus 25 basis points, together in either case with accrued
interest on the principal amount being redeemed to the Redemption Date.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Comparable Treasury Issue</i>&#148; means the United States
Treasury security selected by an Independent Investment Banker that would be
utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of comparable
maturity to June 15, 2034.&nbsp; &#147;<i>Independent Investment Banker</i>&#148; means one of
the Reference Treasury Dealers appointed by the Company.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Comparable Treasury Price</i>&#148; means, with respect to
any Redemption Date, (i)&nbsp;the average of the Reference Treasury Dealer
Quotations for such Redemption Date, after excluding the highest and lowest of
such Reference Treasury Dealer Quotations, or (ii)&nbsp;if the Company obtains
fewer than four such Reference Treasury Dealer Quotations, the average of all
such Quotations.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Reference Treasury Dealer</i>&#148; means each of Credit
Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Merrill Lynch,
Pierce, Fenner &amp; Smith Incorporated and their respective successors and one
other nationally recognized investment banking firm that is a primary U.S.
Government securities dealer in New York City (a &#147;<i>Primary Treasury Dealer</i>&#148;)
specified from time to time by the Company, except that if any of the foregoing
ceases to be a Primary Treasury Dealer, the Company is required to designate as
a substitute another nationally recognized investment banking firm that is a
Primary Treasury Dealer.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Reference Treasury Dealer Quotations</i>&#148; means, with
respect to each Reference Treasury Dealer and any Redemption Date, the average,
as determined by the Company, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Company by such Reference Treasury Dealer as of
3:30&nbsp;p.m., New York City time, on the third Business Day preceding such
Redemption Date.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Remaining Scheduled Payments</i>&#148; means, with respect
to each Security of this series to be redeemed, the remaining scheduled
payments of the principal thereof and interest thereon that would be due after
the related Redemption Date to June 15, 2034 but for such redemption, except
that, if such Redemption Date is not an interest payment date with respect to
such Security, the amount of the next succeeding scheduled interest payment
thereon will be reduced by the amount of interest accrued thereon to such
Redemption Date.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Treasury Rate</i>&#148; means, with respect to any Redemption
Date, the rate per annum equal to the semi-annual equivalent yield to maturity
(computed as of the second business day immediately preceding such Redemption
Date) of the Comparable Treasury Issue, assuming a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such redemption date.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>At any time on and after June 15, 2034, the Company may,
at its option, redeem the Securities in whole or in part on not less than 30
nor more than 60 days&#146; prior notice transmitted to the holders of the
Securities of this series to be redeemed.&nbsp; The Securities will be so redeemable
at a Redemption Price equal to 100% of the principal amount of the Securities
to be redeemed plus accrued and unpaid interest on the Securities to be
redeemed to the Redemption Date.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>On and after any Redemption Date, interest will cease to
accrue on the Securities of this series or any portion thereof called for
redemption.&nbsp; On or prior to any Redemption Date, the Company shall deposit with
a paying agent money sufficient to pay the Redemption Price of and accrued
interest on the Securities of this series to be redeemed on such date.&nbsp; If less
than all the Securities of this series are to be redeemed, (a) if such Securities
are represented by Global Securities, the Securities of this series to be
redeemed shall be selected for redemption in accordance with the customary
procedures of The Depository Trust Company, a New York corporation (&#147;<i>DTC</i>&#148;),
or (b) if such Securities are represented by Securities in certificated form, the
Securities of this series to be redeemed shall be selected by the Trustee by
such method as the Trustee shall deem fair and appropriate in accordance with
methods generally used at the time of selection by fiduciaries in similar
circumstances.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>If a Change of Control Triggering Event occurs, unless the
Company has exercised its right to redeem the Securities of this series, the
Holders of the Securities of this series will have the right to require the Company
to repurchase all or any part (equal to $2,000 or an integral multiple of
$1,000 in excess thereof) of their Securities of this series pursuant to the
Change of Control Offer, on the terms set forth in the Indenture.&nbsp; In the
Change of Control Offer, the Company will offer payment in cash equal to 101%
of the aggregate principal amount of the Securities of this series repurchased
plus accrued and unpaid interest, if any, on the Securities of this series
repurchased, to the date of purchase in accordance with the terms of the
Indenture.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Indenture contains provisions for defeasance at any
time of (a)&nbsp;the entire indebtedness evidenced by this Security or (b)&nbsp;certain
restrictive covenants and Events of Default with respect to this Security, in
each case upon compliance with certain conditions set forth in the Indenture.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>If an Event of Default with respect to Securities of this
series shall occur and be continuing, the principal of the Securities of this
series may be declared due and payable in the manner and with the effect
provided in the Indenture.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and
obligations of the Company and the Guarantor and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the
Company, the Guarantor and the Trustee with the consent of the Holders of a
majority in principal amount of the Securities at the time Outstanding of each
series to be affected.&nbsp; The Indenture also contains provisions permitting the
Holders of specified percentages in principal amount of the Securities of each
series at the time Outstanding, on behalf of the Holders of all Securities of
such series, to waive compliance by the Company with certain provisions of the
Indenture and certain past defaults under the Indenture and their
consequences.&nbsp; Any such consent or waiver by the Holder of this Security will
be conclusive and binding upon such Holder and upon all future Holders of this
Security and of any Security issued upon the registration of transfer hereof or
in exchange herefor or in lieu hereof, whether or not notation of such consent
or waiver is made upon this Security.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>As provided in and subject to the provisions of the
Indenture, the Holder of this Security will not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver
or trustee or for any other remedy thereunder unless such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the Securities of this series, the Holders of not less than 25%
in aggregate principal amount of the Securities of this series at the time
Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the
Trustee reasonable indemnity, and the Trustee shall not have received from the
Holders of a majority in principal amount of Securities of this series at the
time Outstanding a direction inconsistent with such request and shall have
failed to institute such proceeding for 60 calendar days after receipt of such
notice, request, and offer of indemnity. The foregoing shall not apply to any
suit instituted by the Holder of this Security for the enforcement of any
payment of principal hereof or any premium or interest hereon on or after the
respective due dates expressed herein.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>No reference herein to the Indenture and no provision of
this Security or of the Indenture will alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any
premium and interest on this Security at the times, place, and rate, and in the
coin or currency, herein prescribed.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registerable in
the Security Register, upon surrender of this Security for registration of
transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Securities of this series and of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to
the designated transferee or transferees.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Securities of this series are issuable only in
registered form without coupons in denominations of $2,000 and integral
multiples of $1,000.&nbsp; As provided in the Indenture and subject to certain
limitations therein set forth, Securities of this series are exchangeable for a
like aggregate principal amount of Securities of this series and of like tenor
of a different authorized denomination, as requested by the Holder surrendering
the same.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>No service charge shall be made for any such registration
of transfer or exchange, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection
therewith.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Prior to due presentment of this Security for registration
of transfer, the Company, the Guarantor, the Trustee, and any agent of the
Company, the Guarantor or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not
this Security shall be overdue, and neither the Company, the Guarantor, the
Trustee, nor any such agent will be affected by notice to the contrary.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Unless this Security is presented by an authorized
representative of DTC, to the Company or its agent for registration of
transfer, exchange, or payment, and any Security issued is registered in the
name of Cede &amp; Co. or such other name as is requested by an authorized
representative of DTC (and any payment is made to Cede &amp; Co., or to such
other entity as is requested by an authorized representative of DTC) any
transfer, pledge, or other use hereof for value or otherwise by or to any
person is wrongful because the registered owner hereof, Cede &amp; Co., has an
interest herein.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>All terms used in this Security that are defined in the
Indenture shall have the respective meanings assigned to them in the Indenture.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Trustee&#146;s certificate of authentication shall be in
substantially the following form:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>Trustee&#146;s Certificate Of
Authentication</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>This is one of the Securities of the series designated
therein referred to in the within-mentioned Indenture.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Dated: <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as
Trustee</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>By: ___________________________________ <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <i>Authorized Officer</i></p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>All acts and things necessary to make the Senior Notes,
when the Senior Notes have been executed by the Company and the Guarantor and
authenticated by the Trustee and delivered as provided in the Indenture and
this Supplemental Indenture, the valid, binding, and legal obligations of the
Company and the Guarantor and to constitute these presents a valid indenture
and agreement according to its terms, have been done and performed, and the
execution and delivery by the Company and the Guarantor of the Indenture and
this Supplemental Indenture and the issue hereunder of the Senior Notes have in
all respects been duly authorized; and the Company and the Guarantor , in each
case in the exercise of legal right and power in it vested, have executed and
delivered the Indenture and are executing and delivering this Supplemental
Indenture and propose to make, execute, issue, and deliver the Senior Notes.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>In order to declare the terms and conditions upon which
the Senior Notes are authenticated, issued, and delivered, and in consideration
of the premises and of the purchase and acceptance of the Senior Notes by the
Holders thereof, it is mutually agreed, for the equal and proportionate benefit
of the respective Holders from time to time of the Senior Notes as follows:</p>

<p style='mso-style-name:ARTICLEA_L1;mso-style-link:"ARTICLEA_L1 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996607">ARTICLE I&nbsp; ISSUANCE OF SENIOR NOTES.</a></p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996608">Section 1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Issuance Of Senior Notes; Principal Amount; Maturity; Additional Senior
Notes.</a></p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On November 18, 2014, the Company shall issue and deliver to the
Trustee, and the Trustee shall authenticate, Senior Notes substantially in the
form set forth above, in each case with such appropriate insertions, omissions,
substitutions, and other variations as are required or permitted by the
Indenture and this Supplemental Indenture, and with such letters, numbers, or
other marks of identification and such legends or endorsements placed thereon
as may be required to comply with the rules of any securities exchange or as
may, consistently herewith, be determined by the officers executing such Senior
Notes, as evidenced by their execution of such Senior Notes.</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Senior Notes shall be issued in the initial aggregate principal
amount of $550,000,000 and shall mature on December 15, 2034.</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Subject to the terms and conditions contained herein, the Company may
from time to time, without the consent of the existing Holders of Senior Notes
create and issue additional senior notes (the &#147;<i>Additional Senior Notes</i>&#148;)
having the same terms and conditions as the Senior Notes in all respects,
except for issue date, issue price and the first payment of interest thereon.&nbsp;
Such Additional Senior Notes, at the Company&#146;s determination and in accordance
with the provisions of the Indenture, will be consolidated with and form a
single series with the previously outstanding Senior Notes for all purposes
under the Indenture, including, without limitation, amendments, waivers and
redemptions.&nbsp; The aggregate principal amount of the Additional Senior Notes, if
any, shall be unlimited. </p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996609">Section 1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest On The Senior Notes; Payment Of Interest.</a></p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Senior Notes shall bear interest at the rate of 4.500% per annum
from November 18, 2014, except in the case of Senior Notes delivered pursuant
to Sections 2.05 or 2.07 of the Indenture, which shall bear interest from the
most recent Interest Payment Date to which interest has been paid or duly
provided for, until the principal thereof is paid or made available for
payment.&nbsp; Such interest shall be payable semiannually on June 15 and December 15
of each year commencing June 15, 2015.</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date shall, as provided in the Indenture, be paid to the
Person in whose name a Senior Note (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such
interest, which shall be June 1 or December 1 (whether or not a Business Day),
as the case may be, next preceding such Interest Payment Date.&nbsp; Any such
interest not so punctually paid or duly provided for shall forthwith cease to
be payable to the Holder on such Regular Record Date and may either be paid to
the Person in whose name the Senior Note (or one or more Predecessor Securities)
is registered at the close of business on a Special Record Date for the payment
of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of the Senior Notes not less than 10 calendar days prior to
such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the
Senior Notes may be listed, and upon such notice as may be required by such
exchange, all as more fully provided in the Indenture.</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject, in the case of any Global Security, to any applicable
requirements of the Depositary, payment of the principal of (and premium, if
any) and any interest on the Senior Notes shall be made in immediately
available funds.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in;page-break-after:
avoid'><a name="_Toc313996610">Section 1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Execution, Authentication And Delivery Of Securities.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Senior Notes will be executed (which signatures may be
via facsimile) (a) on behalf of the Company by any one of the President, the
Chief Financial Officer, or any Vice President of the Company, and (b) on behalf
of the Guarantor by any one of the President, the Chief Financial Officer or
any Vice President of the Guarantor.</p>

<p style='mso-style-name:ARTICLEA_L1;mso-style-link:"ARTICLEA_L1 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996611">ARTICLE II&nbsp; CERTAIN DEFINITIONS.</a></p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996612">Section 2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Certain Definitions.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The terms defined in this Section 2.1 (except as herein
otherwise expressly provided or unless the context of this Supplemental
Indenture otherwise requires) for all purposes of this Supplemental Indenture
and of any indenture supplemental hereto have the respective meanings specified
in this Section 2.1.&nbsp; All accounting terms not otherwise defined herein have
the meanings assigned to them in accordance with GAAP.&nbsp; All other terms used in
this Supplemental Indenture that are defined in the Indenture or the Trust
Indenture Act, either directly or by reference therein (except as herein
otherwise expressly provided or unless the context of this Supplemental
Indenture otherwise requires), have the respective meanings assigned to such
terms in the Indenture or the Trust Indenture Act, as the case may be, as in
force at the date of this Supplemental Indenture as originally executed.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Bank Facilities</i>&#148; means the Credit Agreement, dated
as of May 10, 2013, among Macy&#146;s, Inc., Macy&#146;s Retail Holdings, Inc., the
lenders party thereto, JPMorgan Chase Bank, N.A.,&nbsp; as administrative agent and
paying agent, and Bank of America, N.A., as administrative agent, as the same
may be amended, supplemented or otherwise modified from time to time.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Cash Equivalent</i>&#148; means: (a)&nbsp;obligations
issued or unconditionally guaranteed as to principal and interest by the United
States of America or by any agency or authority controlled or supervised by and
acting as an instrumentality of the United States of America; (b)&nbsp;obligations
(including, but not limited to, demand or time deposits, bankers&#146; acceptances
and certificates of deposit) issued by a depository institution or trust
company or a wholly owned Subsidiary or branch office of any depository
institution or trust company, provided that (i)&nbsp;such depository
institution or trust company has, at the time of the Company&#146;s or any Restricted
Subsidiary&#146;s Investment therein or contractual commitment providing for such
Investment, capital, surplus, or undivided profits (as of the date of such
institution&#146;s most recently published financial statements) in excess of $100.0
million and (ii)&nbsp;the commercial paper of such depository institution or
trust company, at the time of the Company&#146;s or any Restricted Subsidiary&#146;s
Investment therein or contractual commitment providing for such Investment, is
rated at least A-1 by S&amp;P, P-1 by Moody&#146;s or F1 by Fitch; (c)&nbsp;debt
obligations (including, but not limited to, commercial paper and medium term
notes) issued or unconditionally guaranteed as to principal and interest by any
corporation, state, or municipal government or agency or instrumentality
thereof, or foreign sovereignty, if the commercial paper of such corporation,
state, or municipal government or foreign sovereignty, at the time of the
Company&#146;s or any Restricted Subsidiary&#146;s Investment therein or contractual
commitment providing for such Investment, is rated at least A-1 by S&amp;P, P&#8209;1
by Moody&#146;s or F1 by Fitch; (d) repurchase obligations with a term of not more
than seven days for underlying securities of the type described above entered
into with a depository institution or trust company meeting the qualifications
described in clause (b) above; and (e)&nbsp;Investments in money market or
mutual funds that invest predominantly in Cash Equivalents of the type
described in clauses (a), (b), (c), and (d) above; provided, however, that, in
the case of clauses (a) through (c) above, each such Investment has a maturity
of one year or less from the date of acquisition thereof.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Change of Control</i>&#148; means the occurrence of any of
the following: (1) the direct or indirect sale, lease, transfer, conveyance or
other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of the properties
or assets of the Guarantor and its subsidiaries taken as a whole to any Person
other than the Guarantor or one of its subsidiaries; (2) the consummation of
any transaction (including, without limitation, any merger or consolidation)
the result of which is that any Person becomes the beneficial owner, directly
or indirectly, of more than 50% of the then outstanding number of shares of the
Guarantor&#146;s Voting Stock or other Voting Stock into which the Voting Stock of
the Guarantor is reclassified, consolidated, exchanged or changed, measured by
voting power rather than number of shares; (3) the Guarantor consolidates with,
or merges with or into, any Person, or any Person consolidates with, or merges
with or into the Guarantor, in any such event pursuant to a transaction in
which any of the outstanding shares of the Guarantor&#146;s Voting Stock or the
Voting Stock of such other Person is converted into or exchanged for cash,
securities or other property, other than any such transaction where the shares
of the Guarantor&#146;s Voting Stock outstanding immediately prior to such
transaction constitute, or are converted into or exchanged for, a majority of
the Voting Stock of the resulting or surviving Person or any direct or indirect
parent company of the resulting or surviving Person immediately after giving
effect to such transaction; (4) the first day on which a majority of the
members of the Guarantor&#146;s Board of Directors are not Continuing Directors; or
(5) the adoption of a plan providing for the liquidation or dissolution of the
Guarantor.&nbsp; Notwithstanding the foregoing, a transaction shall not be deemed to
involve a Change of Control under clause (2) above if (i) the Guarantor becomes
a direct or indirect wholly owned subsidiary of a holding company and (ii)(A)
the direct or indirect holders of the Voting Stock of such holding company
immediately following that transaction are substantially the same as the
holders of the Guarantor&#146;s Voting Stock immediately prior to that transaction
or (B) immediately following that transaction no Person (other than a holding
company satisfying the requirements of this sentence) is the beneficial owner,
directly or indirectly, of more than 50% of the Voting Stock of such holding
company.&nbsp; The term &#147;<i>Person</i>,&#148; as used in this definition, has the meaning
given thereto in Section 13(d)(3) of the Exchange Act.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Change of Control Triggering Event</i>&#148; means the
occurrence of both a Change of Control and a Rating Event.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Consolidated Net Tangible Assets</i>&#148; means total
assets (less depreciation and valuation reserves and other reserves and items
deductible from gross book value of specific asset accounts under GAAP) after
deducting therefrom (i) all current liabilities and (ii) all goodwill, trade
names, trademarks, patents, unamortized debt discount, organization expenses,
and other like intangibles, all as set forth on the most recent balance sheet
of the Company and its consolidated Subsidiaries and computed in accordance
with GAAP.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Continuing Directors</i>&#148; means, as of any date of
determination, any member of the Board of Directors of the Guarantor who (1)
was a member of such Board of Directors on the date of this Supplemental
Indenture; or (2) was nominated for election or elected to such Board of
Directors with the approval of a majority of the Continuing Directors who were
members of such Board of Directors at the time of such nomination or election
(either by a specific vote or by approval of the Guarantor&#146;s proxy statement in
which such member was named as a nominee for election as a director, without
objection to such nomination).</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Existing Indebtedness</i>&#148; means all Indebtedness
under or evidenced by:</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>- &nbsp;the Senior Notes;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 7.875% Senior notes due 2015;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 6.375% Senior notes due 2037;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 5.90% Senior notes due 2016;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 6.9% Senior debentures due 2029;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 6.7% Senior debentures due 2034;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 7.45% Senior debentures due 2017;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 6.65% Senior debentures due 2024;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 7.0% Senior debentures due 2028;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 8.75% Senior debentures due 2029;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 6.9% Senior debentures due 2032;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 8.5% Senior debentures due 2019;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 6.7% Senior debentures due 2028;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 7.875% Senior debentures due 2030;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 7.875% Senior debentures due 2036;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 6.79% Senior debentures due 2027;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 8.125% Senior debentures due 2035;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 7.45% Senior debentures due 2016;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 7.50% Senior debentures due 2015;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 10.25% Senior debentures due 2021;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 7.6% Senior debentures due 2025;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 9.5% amortizing debentures due 2021;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 9.75% amortizing debentures due 2021;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 3.875% Senior Notes due 2022;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 5.125% Senior Notes due 2042;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 2.875% Senior Notes due 2023;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 4.30% Senior Notes due 2043;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 4.375% Senior Notes due 2023;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the Company&#146;s 3.625% Senior Notes due 2024;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; Capital Lease Obligations of the Company and its
Restricted Subsidiaries existing on the date of issuance of the Senior Notes;
and</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>-&nbsp; the other secured Indebtedness of the Company or
secured or unsecured Indebtedness of its Restricted Subsidiaries existing on
the date of issuance of the Senior Notes.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Fitch</i>&#148; means Fitch Ratings, Inc. or its successor.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Indebtedness</i>&#148; means, as applied to any Person,
without duplication:</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all obligations of such Person for borrowed
money;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all obligations of such Person for the deferred
purchase price of property or services (other than property and services
purchased, and expense accruals and deferred compensation items arising, in the
ordinary course of business);</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all obligations of such Person evidenced by
notes, bonds, debentures, mandatorily redeemable preferred stock or other
similar instruments (other than performance, surety and appeals bonds arising
in the ordinary course of business);</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all payment obligations created or arising under
any conditional sale, deferred price or other title retention agreement with
respect to property acquired by such Person (unless the rights and remedies of
the seller or lender under such agreement in the event of default are limited
to repossession or sale of such property);</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any capital lease obligation of such Person;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all reimbursement, payment or similar
obligations, contingent or otherwise, of such Person under acceptance, letter
of credit or similar facilities (other than letters of credit in support of
trade obligations or incurred in connection with public liability insurance,
workers&#146; compensation, unemployment insurance, old-age pensions and other
social security benefits other than in respect of employee benefit plans
subject to ERISA);</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all obligations of such Person, contingent or
otherwise, under any guarantee by such Person of the obligations of another
Person of the type referred to in clauses (a) through (f) above; and </p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all obligations referred to in clauses (a)
through (f) above secured by (or for which the holder of such Indebtedness has
an existing right, contingent or otherwise, to be secured by) any mortgage or security
interest in property (including without limitation accounts, contract rights
and general intangibles) owned by such Person and as to which such Person has
not assumed or become liable for the payment of such obligations other than to
the extent of the property subject to such mortgage or security interest;
except that Indebtedness of the type referred to in clauses (g) and (h) above
will be included within the definition of &#147;<i>Indebtedness</i>&#148; only to the
extent of the least of (a) the amount of the underlying Indebtedness referred
to in the applicable clause (a) through (f) above; (b) in the case of clause
(g), the limit on recoveries, if any, from such Person under obligations of the
type referred to in clause (g) above; and (c) in the case of clause (h), the
aggregate value (as determined in good faith by the Company&#146;s Board of
Directors) of the security for such Indebtedness.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Investment</i>&#148; means, with respect to any Person, any
direct or indirect loan or other extension of credit or capital contribution to
(by means of any transfer of cash or other property to others or any payment
for property or services for the account or use of others), or any purchase or
acquisition by such Person of any capital stock, bonds, notes, debentures, or
other securities or evidences of Indebtedness issued by any other Person.&nbsp; The
amount of any Investment shall be the original cost thereof, plus the cost of
all additions thereto, without any adjustments for increases or decreases in
value, write-ups, write-downs, or write-offs with respect to such Investment.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Investment Grade Rating</i>&#148; means a rating equal to
or higher than BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent) by
Moody&#146;s and BBB- (or the equivalent) by S&amp;P.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Lien</i>&#148; means any mortgage, deed of trust, pledge,
hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or
other), security interest, or preference, priority, or other security agreement
or preferential arrangement of any kind or nature whatsoever intended to assure
payment of any Indebtedness or other obligation, including without limitation
any conditional sale, deferred purchase price, or other title retention
agreement, the interest of a lessor under a Capital Lease Obligation, any
financing lease having substantially the same economic effect as any of the
foregoing, and the filing, under the Uniform Commercial Code or comparable law
of any jurisdiction, of any financing statement naming the owner of the asset
to which such Lien relates as debtor.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Moody&#146;s</i>&#148; means Moody&#146;s Investors Service, Inc. or
its successor.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Notice</i>&#148; means, with respect to an Offer to
Purchase, a written notice stating:</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the Section of this Supplemental Indenture
pursuant to which such Offer to Purchase is being made;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the applicable Purchase Amount (including, if
less than all the Senior Notes, the calculation thereof pursuant to the Section
hereof requiring such Offer to Purchase);</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the applicable Purchase Date;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the purchase price to be paid by the Company for
each $1,000 principal amount at maturity of Senior Notes accepted for payment
(as specified in this Supplemental Indenture);</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; that the Holder of any Senior Note may tender
for purchase by the Company all or any portion of such Senior Note equal to
$2,000 principal amount or an integral multiple of $1,000 in excess thereof;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the place or places where Senior Notes are to
be surrendered for tender pursuant to such Offer to Purchase;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any Senior Note not tendered or tendered but
not purchased by the Company pursuant to such Offer to Purchase shall continue
to accrue interest as set forth in such Senior Note and this Supplemental
Indenture;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; that on the Purchase Date the purchase price
shall become due and payable upon each Senior Note (or portion thereof)
selected for purchase pursuant to such Offer to Purchase and that interest
thereon shall cease to accrue on and after the Purchase Date;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; that each Holder electing to tender a Senior
Note pursuant to such Offer to Purchase shall be required to surrender such
Senior Note at the place or places specified in the Notice prior to the close
of business on the fifth Business Day prior to the Purchase Date (such Senior
Note being, if the Company or the Trustee so requires, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Trustee duly executed by, the Holder thereof or its attorney
duly authorized in writing);</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; that (i) if Senior Notes (or portions thereof)
in an aggregate principal amount less than or equal to the Purchase Amount are
duly tendered and not withdrawn pursuant to such Offer to Purchase, the Company
shall purchase all such Senior Notes and (ii) if Senior Notes in an aggregate
principal amount in excess of the Purchase Amount are duly tendered and not
withdrawn pursuant to such Offer to Purchase, (A) the Company shall purchase
Senior Notes having an aggregate principal amount equal to the Purchase Amount
and (B) the particular Senior Notes (or portions thereof) to be purchased shall
be selected by such method as the Trustee shall deem fair and appropriate and
which may provide for the selection for purchase of portions (equal to $2,000
or an integral multiple of $1,000 in excess thereof) of the principal amount of
Senior Notes of a denomination larger than $2,000;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; that, in the case of any Holder whose Senior
Note is purchased only in part, the Company shall execute, and the Trustee
shall authenticate and deliver to the Holder of such Senior Note without
service charge, a new Senior Note or Senior Note of any authorized denomination
as requested by such Holder in an aggregate principal amount equal to and in
exchange for the unpurchased portion of the Senior Note so tendered; and</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any other information required by applicable
law to be included therein.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Offer to Purchase</i>&#148; means an offer to purchase
Senior Notes pursuant to and in accordance with a Notice, in the aggregate
Purchase Amount, on the Purchase Date, and at the purchase price specified in
such Notice (as determined pursuant to this Supplemental Indenture).&nbsp; Any Offer
to Purchase shall remain open from the time of mailing of the Notice until the
Purchase Date, and shall be governed by and effected in accordance with, and
the Company and the Trustee shall perform their respective obligations
specified in, the Notice for such Offer to Purchase.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Permitted Liens</i>&#148; means:&nbsp; (a) Liens (other than
Liens on inventory) securing (A)&nbsp;Existing Indebtedness; (B) Indebtedness
under the Bank Facilities in an aggregate principal amount at any one time not
to exceed $2,800.0 million, less (i) principal payments actually made by the
Company on any term loan facility under such Bank Facilities (other than
principal payments made in connection with or pursuant to a refinancing of the
Bank Facilities in compliance with clause (a)(I) below) and (ii) any amounts by
which any revolving credit facility commitments under the Bank Facilities are
permanently reduced (other than permanent reductions made in connection with or
pursuant to a refinancing of the Bank Facilities in compliance with clause
(a)(I) below), except that under no circumstances shall the total allowable
indebtedness under this clause (a)(B) be less than $1,852.0 million (subject to
increase from and after the date hereof at a rate, compounded annually, equal
to 3% per annum) if incurred for the purpose of providing the Company and its
Subsidiaries with working capital, including without limitation, bankers&#146;
acceptances, letters of credit, and similar assurances of payment whether as
part of the Bank Facilities or otherwise; (C) Indebtedness existing as of the
date hereof of any Subsidiary of the Company engaged primarily in the business
of owning or leasing real property; (D) Indebtedness incurred for the purpose
of financing store construction and remodeling or other capital expenditures;
(E) Indebtedness in respect of the deferred purchase price of property or
arising under any conditional sale or other title retention agreement; (F)
Indebtedness of a Person acquired by the Company or a Subsidiary of the Company
at the time of such acquisition; (G) to the extent deemed to be &#147;<i>Indebtedness</i>&#148;,
obligations under swap agreements, cap agreements, collar agreements, insurance
agreements, or any other agreement or arrangement, in each case designed to
provide protection against fluctuations in interest rates, the cost of currency
or the cost of goods (other than inventory); (H) other Indebtedness in
outstanding amounts not to exceed, in the aggregate, the greater of $750.0
million and 12.5% of Consolidated Net Tangible Assets of the Company and the
Restricted Subsidiaries at any particular time; and (I) Indebtedness incurred
in connection with any extension, renewal, refinancing, replacement or
refunding (including successive extensions, renewals, refinancings,
replacements or refundings), in whole or in part, of any Indebtedness of the
Company or the Restricted Subsidiaries; provided that the principal amount of
the Indebtedness so incurred does not exceed the sum of the principal amount of
the Indebtedness so extended, renewed, refinanced, replaced or refunded, plus
all interest accrued thereon and all related fees and expenses (including any
payments made in connection with procuring any required lender or similar
consents); (b) Liens incurred and pledges and deposits made in the ordinary
course of business in connection with liability insurance, workers&#146;
compensation, unemployment insurance, old-age pensions and other social
security benefits other than in respect of employee benefit plans subject to
the Employee Retirement Income Security Act of 1974, as amended; (c) Liens
securing performance, surety and appeal bonds and other obligations of like
nature incurred in the ordinary course of business; (d) Liens on goods and
documents securing trade letters of credit; (e) Liens imposed by law, such as
carriers&#146;, warehousemen&#146;s, mechanics&#146;, materialmen&#146;s and vendors&#146; Liens,
incurred in the ordinary course of business and securing obligations which are
not yet due or which&nbsp; are being contested in good faith by appropriate
proceedings; (f) Liens securing the payment of taxes, assessments and
governmental charges or levies, either (i) not delinquent or (ii) being
contested in good faith by appropriate legal or administrative proceedings and
as to which adequate reserves shall have been established on the books of the
relevant Person in conformity with GAAP; (g) zoning restrictions, easements,
rights of way, reciprocal easement agreements, operating agreements, covenants,
conditions or restrictions on the use of any parcel of property that are
routinely granted in real estate transactions or do not interfere in any
material respect with the ordinary conduct of the business of the Company and
its Subsidiaries or the value of such property for the purpose of such
business; (h) Liens on property existing at the time such property is acquired;
(i) purchase money Liens upon or in any property acquired or held in the
ordinary course of business to secure Indebtedness incurred solely for the
purpose of financing the acquisition of such property; (j) Liens on the assets
of any Subsidiary of the Company at the time such Subsidiary is acquired; (k)
Liens with respect to obligations in outstanding amounts not to exceed $100.0
million at any particular time and that (i)&nbsp;are not incurred in connection
with the borrowing of money or obtaining advances or credit (other than trade
credit in the ordinary course of business) and (ii) do not in the aggregate
interfere in any material respect with the ordinary conduct of the business of
the Company and its Subsidiaries; and (l) without limiting the ability of the
Company or any Restricted Subsidiary to create, incur, assume or suffer to
exist any Lien otherwise permitted under any of the foregoing clauses, any
extension, renewal or replacement, in whole or in part, of any Lien described
in the foregoing clauses; provided that any such extension, renewal or
replacement Lien is limited to the property or assets covered by the Lien
extended, renewed or replaced or substitute property or assets, the value of
which is determined by the Board of Directors of the Company to be not
materially greater than the value of the property or assets for which the
substitute property or assets are substituted.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Purchase Amount</i>&#148; means the aggregate outstanding
principal amount of the Senior Notes required to be offered to be purchased by
the Company pursuant to an Offer to Purchase.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Purchase Date</i>&#148; means, with respect to any Offer to
Purchase, a date specified by the Company in such Offer to Purchase not less
than 30 calendar days or more than 60 calendar days after the date of the
mailing of the Notice of such Offer to Purchase (or such other time period as
is necessary for the Offer to Purchase to remain open for a sufficient period
of time to comply with applicable securities laws).</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Rating Agencies</i>&#148; means (1) each of Fitch, Moody&#146;s
and S&amp;P; and (2) if any of Fitch, Moody&#146;s or S&amp;P ceases to rate the
Senior Notes or fails to make a rating of the Senior Notes publicly available
for reasons outside of the Company&#146;s control, a &#147;<i>nationally recognized
statistical rating organization</i>&#148; within the meaning of Section 3(a)(62) of the
Securities Exchange Act of 1934, as amended (the &#147;<i>Exchange Act</i>&#148;),
selected by the Company (as certified by a resolution of its Board of
Directors) as a replacement agency for Fitch, Moody&#146;s or S&amp;P, or all of
them, as the case may be.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Rating Event</i>&#148; means the rating on the Senior Notes
is lowered by at least two of the three Rating Agencies and the Senior Notes
are rated below an Investment Grade Rating by at least two of the three Rating
Agencies, on any day during the period (which period will be extended so long
as the rating of the applicable Senior Notes is under publicly announced
consideration for a possible downgrade by any of the Rating Agencies)
commencing 60 days prior to the first public notice of the occurrence of a
Change of Control or the intention of the Guarantor to effect a Change of
Control and ending 60 days following consummation of such Change of Control.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Restricted Subsidiary</i>&#148; means any Subsidiary of the
Company other than an Unrestricted Subsidiary.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>S&amp;P</i>&#148; means Standard &amp; Poor&#146;s Ratings
Services, a division of McGraw Hill Financial, Inc., or its successor.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Sale and Leaseback Transaction</i>&#148; means, with
respect to any Person, an arrangement with any bank, insurance company, or
other lender or investor or to which such lender or investor is a party
providing for the leasing pursuant to a Capital Lease by such Person or any
Subsidiary of such Person of any property or asset of such Person or such Subsidiary
which has been or is being sold or transferred by such Person or such
Subsidiary to such lender or investor or to any Person to whom funds have been
or are to be advanced by such lender or investor on the security of such
property or asset.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Senior Indebtedness</i>&#148; means any Indebtedness of the
Company or its Subsidiaries other than Subordinated Indebtedness.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Significant Subsidiary</i>&#148; means any Subsidiary that
accounts for (a) 10.0% or more of the total consolidated assets of any Person
and its Subsidiaries as of any date of determination or (b)&nbsp;10.0% or more
of the total consolidated revenues of any Person and its Subsidiaries for the
most recently concluded fiscal quarter.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Subordinated Indebtedness</i>&#148; means any Indebtedness
of the Company which is expressly subordinated in right of payment to the
Senior Notes or any Indebtedness of the Guarantor which is expressly
subordinated in right of payment to the Guarantee.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Unrestricted Subsidiary</i>&#148; means (a) Macy&#146;s Credit
and Customer Services, Inc., (b)&nbsp;any Subsidiary of the Company the primary
business of which consists of, and is restricted by the charter, partnership
agreement, or similar organizational document of such Subsidiary to, financing
operations on behalf of the Company and its Subsidiaries, and/or purchasing
accounts receivable or direct or indirect interests therein, and/or making
loans secured by accounts receivable or direct or indirect interests therein
(and business related to the foregoing), or which is otherwise primarily
engaged in, and restricted by its charter, partnership agreement, or similar
organizational document to, the business of a finance company (and business
related thereto), which, in accordance with the provisions of this Supplemental
Indenture, has been designated by Board Resolution of the Company as an
Unrestricted Subsidiary, in each case unless and until any of the Subsidiaries
of the Company referred to in the foregoing clauses (a) and (b) is, in
accordance with the provisions of this Supplemental Indenture, designated by a Board
Resolution of the Company as a Restricted Subsidiary, and (c) any Subsidiary of
the Company of which, in the case of a corporation, more than 50% of the issued
and outstanding capital stock having ordinary voting power to elect a majority
of the board of directors of such corporation (irrespective of whether at the
time capital stock of any other class or classes of such corporation has or
might have voting power upon the occurrence of any contingency), or, in the
case of any partnership or other legal entity, more than 50% of the ordinary
equity capital interests, is at the time directly or indirectly owned or
controlled by one or more Unrestricted Subsidiaries and the primary business of
which consists of, and is restricted by the charter, partnership agreement, or
similar organizational document of such Subsidiary to, financing operations on
behalf of the Company and its Subsidiaries, and/or purchasing accounts
receivable or direct or indirect interests therein, and/or making loans secured
by accounts receivable or direct or indirect interests therein (and business
related to the foregoing), or which is otherwise primarily engaged in, and
restricted by its charter, partnership agreement or similar organizational
document to, the business of a finance company (and business related thereto).</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>&#147;<i>Voting Stock</i>&#148; means, with respect to any specified
&#147;Person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) as
of any date, the capital stock of such Person that is at the time entitled to
vote generally in the election of the board of directors of such Person.</p>

<p style='mso-style-name:ARTICLEA_L1;mso-style-link:"ARTICLEA_L1 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996613">ARTICLE III&nbsp; CERTAIN COVENANTS.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The following covenants shall be applicable to the Company
for so long as any of the Senior Notes are Outstanding.&nbsp; Nothing in this
paragraph will, however, affect the Company&#146;s rights or obligations under any
other provision of the Indenture or this Supplemental Indenture.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996614">Section 3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Liens.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Company shall not, and shall not permit any Restricted
Subsidiary to, create, incur, assume, or suffer to exist any Liens upon any of
their respective assets, other than Permitted Liens, unless the Senior Notes
are secured by an equal and ratable Lien on the same assets.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996615">Section 3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Sale And Leaseback Transactions.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Company shall not, and shall not permit any Restricted
Subsidiary to, enter into any Sale and Leaseback Transaction unless the net
cash proceeds therefrom are applied as follows:&nbsp; to the extent that the
aggregate amount of net cash proceeds (net of all legal, title, and recording
tax expenses, commissions, and other fees and expenses incurred, and all
federal, state, provincial, foreign, and local or other taxes and reserves
required to be accrued as a liability, as a consequence of such Sale and
Leaseback Transaction, net of all payments made on any Indebtedness that is
secured by the assets subject to such Sale and Leaseback Transaction in
accordance with the terms of any Liens upon or with respect to such assets or
which must by the terms of such Lien, or in order to obtain a necessary consent
to such Sale and Leaseback Transaction or by applicable law be repaid out of
the proceeds from such Sale and Leaseback Transaction, and net of all
distributions and other payments made to minority interest holders in
Subsidiaries or joint ventures as a result of such Sale and Leaseback
Transaction) from such Sale and Leaseback Transaction that shall not have been
reinvested in the business of the Company or its Subsidiaries or used to reduce
Senior Indebtedness of the Company or its Subsidiaries within 12 months of the
receipt of such proceeds (with Cash Equivalents being deemed to be proceeds
upon receipt of such Cash Equivalents and cash payments under promissory notes
secured by letters of credit or similar assurances of payment issued by
commercial banks of recognized standing being deemed to be proceeds upon
receipt of such payments) shall exceed $100.0 million (&#147;<i>Excess Sale Proceeds</i>&#148;)
from time to time, the Company shall offer to repurchase pursuant to an Offer
to Purchase Senior Notes with such Excess Sale Proceeds (on a pro rata basis
with any other Senior Indebtedness of the Company or its Subsidiaries required
by the terms of such Indebtedness to be repurchased with such Excess Sale
Proceeds, based on the principal amount of such Senior Indebtedness required to
be repurchased) at 100% of principal amount, plus accrued and unpaid interest,
and to pay related costs and expenses. Such Offer to Purchase shall be made by
mailing of a Notice to the Trustee and to each Holder of Senior Notes at the
address appearing in the Security Register, by first class mail, postage
prepaid, by the Company or, at the Company&#146;s request, by the Trustee in the
name and at the expense of the Company, on a date selected by the Company not
later than 12 months from the date such Offer to Purchase is required to be
made pursuant to the immediately preceding sentence.&nbsp; To the extent that the
aggregate purchase price for Senior Notes or other Senior Indebtedness tendered
pursuant to such offer to repurchase is less than the aggregate purchase price
offered in such offer, an amount of Excess Sale Proceeds equal to such
shortfall shall cease to be Excess Sale Proceeds and may thereafter be used for
general corporate purposes.&nbsp; On the Purchase Date, the Company shall (i) accept
for payment Senior Notes or portions thereof tendered pursuant to the Offer to
Purchase in an aggregate principal amount equal to the Purchase Amount
(selected by such method as the Trustee shall deem fair and appropriate and
which may provide for the selection for purchase of portions (equal to $2,000
or an integral multiple of $1,000 in excess thereof) of the principal amount of
Senior Notes of a denomination larger than $2,000), (ii)&nbsp;deposit with the
Paying Agent money sufficient to pay the purchase price of all Senior Notes or
portions thereof so accepted, and (iii) deliver to the Trustee Senior Notes so
accepted. The Paying Agent shall promptly mail to the Holders of Senior Notes
so accepted payment in an amount equal to the purchase price, and the Trustee
shall promptly authenticate and mail to such Holders a new Senior Note equal in
principal amount to any unpurchased portion of each Senior Note surrendered.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>Election of the Offer to Purchase by a Holder of Senior
Notes shall (unless otherwise provided by law) be irrevocable.&nbsp; The payment of
accrued interest as part of any repurchase price on any Purchase Date shall be
subject to the right of Holders of record of Senior Notes on the relevant
Regular Record Date to receive interest due on an Interest Payment Date that is
on or prior to such Purchase Date.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>If an Offer to Purchase Senior Notes is made, the Company
shall comply with all tender offer rules, including but not limited to Section
14(e) of the Exchange Act and Rule 14e-1 thereunder, to the extent applicable
to such Offer to Purchase.&nbsp; To the extent that the provisions of any securities
laws or regulations conflict with the provisions of the Indenture related to
limitations on Sale and Leaseback Transactions, the Company shall comply with
the applicable securities laws and regulations and will not be deemed to have
breached its obligations under the provisions of the Indenture related to
limitations on Sale and Leaseback Transactions by virtue of such conflicts.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996616">Section 3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Permitting Unrestricted Subsidiaries To Become Restricted Subsidiaries.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Company shall not permit any Unrestricted Subsidiary
to be designated as a Restricted Subsidiary unless such Subsidiary is otherwise
in compliance with all provisions of the Indenture and this Supplemental
Indenture that apply to Restricted Subsidiaries.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996617">Section 3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Payment Office.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Company shall cause a Payment Office for the Senior
Notes to be maintained at all times in New York, New York.</p>

<p style='mso-style-name:ARTICLEA_L1;mso-style-link:"ARTICLEA_L1 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996618">ARTICLE IV&nbsp; ADDITIONAL EVENTS OF DEFAULT.</a></p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996619">Section 4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Additional Events Of Default.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>In addition to the Events of Default set forth in the
Indenture, the term &#147;<i>Event of Default</i>,&#148; whenever used in the Indenture
or this Supplemental Indenture with respect to the Senior Notes, means any one
of the following events (whatever the reason for such Event of Default and
whether it may 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):</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the failure to redeem the Senior Notes when required pursuant to the
terms and conditions thereof or to pay the repurchase price for Senior Notes to
be repurchased in accordance with Section 3.2 of this Supplemental Indenture;</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
any nonpayment at maturity or other default under any agreement or
instrument relating to any other Indebtedness of the Company or any of its
Restricted Subsidiaries (the unpaid principal amount of which is not less than
$100.0 million), and, in any such case, such default (i) continues beyond any
period of grace provided with respect thereto and (ii) results in such
Indebtedness becoming due prior to its stated maturity or occurs at the final
maturity of such Indebtedness; provided, however, that, subject to the
provisions of Section 9.01 and 8.08 of the Indenture, the Trustee shall not be
deemed to have knowledge of such nonpayment or other default unless either (1)
a Responsible Officer of the Trustee has actual knowledge of nonpayment or
other default or (2) the Trustee has received written notice thereof from the
Company, from any Holder, from the holder of any such Indebtedness or from the
trustee under the agreement or instrument, relating to such Indebtedness;</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the entry of one or more final judgments or orders for the payment of
money against the Company, the Guarantor or any of their respective Restricted
Subsidiaries, which judgments and orders create a liability of $100.0 million
or more in excess of insured amounts and have not been stayed (by appeal or
otherwise), vacated, discharged, or otherwise satisfied within 60 calendar days
of the entry of such judgments and orders;</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
the Guarantee ceases to be in full force and effect (except as
contemplated by the terms of the Indenture) or is declared in a judicial
proceeding to be null and void, or the Guarantor denies or disaffirms in
writing its obligation under the Guarantee; and</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Events of Default of the type and subject to the conditions set forth in
clauses (vii) and (viii) of Section 8.01(a) of the Indenture in respect of any
Significant Subsidiary or, in related events, any group of Subsidiaries of the
Company or Guarantor which, if considered&nbsp; in the aggregate, would be a
Significant Subsidiary of the Company or Guarantor.</p>

<p style='mso-style-name:ARTICLEA_L1;mso-style-link:"ARTICLEA_L1 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996620">ARTICLE V&nbsp; DEFEASANCE.</a></p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996621">Section 5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Applicability Of Article V Of The Indenture.</a></p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Senior Notes shall be subject to Defeasance and Covenant Defeasance
as provided in Article V of the Indenture; provided, however, that no
Defeasance or Covenant Defeasance shall be effective unless and until:</p>

<p style='mso-style-name:ARTICLEA_L4;mso-style-link:"ARTICLEA_L4 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;there shall have been delivered to the Trustee the opinion of a
nationally recognized independent public accounting firm certifying the sufficiency
of the amount of the moneys, U.S. Government Obligations, or a combination
thereof, placed on deposit to pay, without regard to any reinvestment, the
principal of and any premium and interest on the Senior Notes on the Stated
Maturity thereof or on any earlier date on which the Senior Notes shall be
subject to redemption;</p>

<p style='mso-style-name:ARTICLEA_L4;mso-style-link:"ARTICLEA_L4 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;there shall have been delivered to the Trustee the certificate of a
Responsible Officer of the Company certifying, on behalf of the Company, to the
effect that such Defeasance or Covenant Defeasance shall not result in a breach
or violation of, or constitute a default under, any agreement to which the
Company is a party or violate any law to which the Company is subject; and</p>

<p style='mso-style-name:ARTICLEA_L4;mso-style-link:"ARTICLEA_L4 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(iii)&nbsp;&nbsp;&nbsp;&nbsp;No Event of Default or event that (after notice or lapse of time or
both) would become an Event of Default shall have occurred and be continuing at
the time of such deposit or, with regard to any Event of Default or any such
event specified in Sections&nbsp;8.01(a)(vii) and (viii), at any time on or
prior to the 124th calendar day after the date of such deposit (it being
understood that this condition shall not be deemed satisfied until after such
124th calendar day).</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon the exercise of the option provided in Section 5.01 of the
Indenture to have Section 5.03 of the Indenture applied to the Outstanding
Senior Notes, in addition to the obligations from which the Company shall be
released specified in the Indenture, the Company shall be released from its
obligations under Article III hereof.</p>

<p style='mso-style-name:ARTICLEA_L1;mso-style-link:"ARTICLEA_L1 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996622">ARTICLE VI&nbsp; REDEMPTION OF SENIOR NOTES.</a></p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996623">Section 6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Right Of Redemption.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Senior Notes may be redeemed by the Company in
accordance with the provisions of the form of Senior Note set forth herein.</p>

<p style='mso-style-name:ARTICLEA_L1;mso-style-link:"ARTICLEA_L1 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996624">ARTICLE VII&nbsp; CHANGE OF CONTROL</a></p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in;page-break-after:
avoid'><a name="_Toc313996625">Section 7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Repurchase At The Option Of Holders.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>If a Change of Control Triggering Event occurs, unless the
Company has exercised its right to redeem the Senior Notes in whole, Holders of
Senior Notes will have the right to require the Company to repurchase all or
any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof)
of their Senior Notes pursuant to the offer described below (the &#147;<i>Change of
Control Offer</i>&#148;).&nbsp; In the Change of Control Offer, the Company shall offer
payment in cash equal to 101% of the aggregate principal amount of Senior Notes
repurchased plus accrued and unpaid interest, if any, on the Senior Notes
repurchased, to the date of purchase (the &#147;<i>Change of Control Payment</i>&#148;).&nbsp;
Within 30 days following any Change of Control Triggering Event or, at the
option of the Company, prior to any Change of Control, but after public
announcement of the transaction or transactions that constitute or may
constitute the Change of Control, the Company shall send a notice to Holders of
Senior Notes describing the transaction or transactions that constitute or may
constitute the Change of Control Triggering Event and offering to repurchase
the Senior Notes on the date specified in the notice, which date will be no
earlier than 30 days and no later than 60 days from the date such notice is sent
(the &#147;<i>Change of Control Payment Date</i>&#148;), pursuant to the procedures
required by the Indenture and described in such notice, which offer will
constitute the Change of Control Offer. The notice will, if sent prior to the
date on which the Change of Control occurs, state that the Change of Control
Offer is conditioned on the Change of Control Triggering Event occurring on or
prior to the applicable Change of Control Payment Date.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>On the Change of Control Payment Date, the Company shall
be required, to the extent lawful, to:</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
accept for payment all Senior Notes or portions of Senior Notes properly
tendered pursuant to the Change of Control Offer;</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
deposit with the paying agent an amount equal to the Change of Control
Payment in respect of all Senior Notes or portions of Senior Notes properly
tendered; and</p>

<p style='mso-style-name:ARTICLEA_L3;mso-style-link:"ARTICLEA_L3 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
deliver or cause to be delivered to the Trustee the Senior Notes
properly accepted together with an Officers&#146; Certificate stating the aggregate
principal amount of Senior Notes or portions of Senior Notes being purchased.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Company shall not be required to make a Change of
Control Offer upon the occurrence of a Change of Control Triggering Event if a
third party makes such an offer in the manner, at the times and otherwise in
compliance with the requirements for an offer made by the Company and the third
party repurchases all Senior Notes properly tendered and not withdrawn under
its offer.&nbsp; In addition, the Company shall not be required to repurchase any
Senior Notes if it has given written notice of a redemption in whole of the
Senior Notes.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Company shall comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent those laws and regulations are applicable in
connection with the repurchase of the Senior Notes as a result of a Change of
Control Triggering Event.&nbsp; To the extent that the provisions of any securities
laws or regulations conflict with the Change of Control provisions of the
Indenture, the Company shall be required to comply with the applicable
securities laws and regulations and will not be deemed to have breached its
obligations under this Article VII by virtue of such compliance.</p>

<p style='mso-style-name:ARTICLEA_L1;mso-style-link:"ARTICLEA_L1 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-align:center;text-indent:0in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman","serif";text-transform:uppercase;font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996626">ARTICLE VIII&nbsp; MISCELLANEOUS.</a></p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996627">Section 8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Reference To And Effect On The Indenture.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>This Supplemental Indenture shall be construed as
supplemental to the Indenture and all the terms and conditions of this
Supplemental Indenture shall be deemed to be part of the terms and conditions
of the Indenture.&nbsp; Except as set forth herein, the Indenture heretofore
executed and delivered is hereby (i) incorporated by reference in this
Supplemental Indenture and (ii)&nbsp;ratified, approved and confirmed.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996628">Section 8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Waiver Of Certain Covenants.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Company may omit in any particular instance to comply
with any term, provision, or condition set forth in Article III hereof if the
Holders of a majority in principal amount of the Outstanding Senior Notes
shall, by Act of such Holders, either waive such compliance in such instance or
generally waive compliance with such term, provision or condition, but no such
waiver shall extend to or affect such term, provision, or condition except to
the extent so expressly waived, and, until such waiver shall become effective,
the obligations of the Company and the duties of the Trustee in respect of any
such term, provision, or condition shall remain in full force and effect.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996629">Section 8.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Supplemental Indenture May Be Executed In Counterparts.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>This instrument may be executed in any number of
counterparts, each of which shall be an original; but such counterparts shall
together constitute but one and the same instrument.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'><a
name="_Toc313996630">Section 8.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Effect Of Headings.</a></p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>The Article and Section headings herein are for
convenience only and shall not affect the construction hereof.</p>

<p style='mso-style-name:ARTICLEA_L2;mso-style-link:"ARTICLEA_L2 Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:0in;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;margin-left:0in;text-indent:0in'>Section 8.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
FATCA Withholding.</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>In order to comply with Sections 1471 through 1474 of the
Internal Revenue Code of 1986, as amended, any regulations or official
interpretations thereof, and any intergovernmental agreements and related laws,
rules or regulations to implement any of the foregoing (inclusive of
directives, guidelines and interpretations promulgated by competent
authorities) related to the Indenture in effect from time to time (&#147;<i>Applicable
Law</i>&#148;) that a foreign financial institution, issuer, trustee, paying agent
or other party is or has agreed to be subject to, the Company agrees (i)&nbsp; to
provide to the Trustee upon its written request such information that is in the
Company&#146;s possession about holders of the Senior Notes or other applicable
parties and/or transactions (including any modification to the terms of such
transactions) so that the Trustee can determine whether it has tax related obligations
under Applicable Law, and (ii) that the Trustee shall be entitled to make any
withholding or deduction from payments to the extent necessary to comply with
Applicable Law for which the Trustee shall not have any liability. </p>

<br
clear=all style='page-break-before:always'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>&nbsp;</p>

<p style='mso-style-link:"Body Text Char";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:.5in;font-size:12.0pt;font-family:"Times New Roman","serif";'>IN WITNESS WHEREOF, the parties hereto have caused this
Supplemental Indenture to be duly executed, and their respective corporate
seals to be hereunto affixed and attested, all as of the day and year first
above written.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>[Seal]</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>MACY&#146;S RETAIL HOLDINGS, INC.,</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>as Issuer</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>By: &nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Dennis
J. Broderick&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
</u>Name:&nbsp; Dennis J. Broderick <br>
Title:&nbsp;&nbsp;&nbsp; President</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Attest:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Susan P. Storer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:&nbsp; Susan P. Storer</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:&nbsp;&nbsp;&nbsp; Assistant Treasurer</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>[Seal]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>MACY&#146;S, INC.,</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>as Guarantor</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>By:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Dennis
J. Broderick&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
</u>Name:&nbsp; Dennis J. Broderick <br>
Title:&nbsp;&nbsp;&nbsp; Executive Vice President, General Counsel<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; and Secretary</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Attest:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Susan P/ Storer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:&nbsp; Susan P. Storer</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:&nbsp;&nbsp;&nbsp; Assistant Treasurer</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>[Seal]</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>&nbsp;</p>

<br
clear=all style='page-break-before:always'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.,</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>as Trustee</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='mso-style-link:"Signature Char";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:3.25in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:3.0in'>By:&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Teresa Petta&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
</u>Name:&nbsp; Teresa Petta<br>
Title:&nbsp;&nbsp; Vice President </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Attest:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp; </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Melonee Young&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Name:&nbsp; Melonee Young</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>Title:&nbsp;&nbsp;&nbsp; Vice President</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom:12.0pt'>&nbsp;</p>

</div>

</body>

</html>EX-10.1

 Exhibit 10.1 

Execution Version 

COMMITMENT INCREASE LETTER 

November 17, 2014 
 Wells
Fargo Bank, National Association, as Administrative Agent 
 1000 Louisiana, 9th Floor

 Houston, Texas 77002 

Attention: Brian Malone 
  

	RE:	 Credit Agreement dated as of September 2, 2014 (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among Energen Corporation, as Borrower, Wells Fargo Bank, National Association, as Administrative Agent, the financial institutions from time to time party thereto as Lenders, and the other Agents party thereto. Capitalized
terms not otherwise defined herein shall have the meaning given to such terms in the Credit Agreement. 

 Ladies and
Gentlemen: 
 This Commitment Increase Letter is being delivered pursuant to Section 2.10 of the Credit Agreement. 

(a) Please be advised that each undersigned Increase Lender has agreed (i) to increase its Commitment under the Credit
Agreement effective as of the date first written above (the “Increase Effective Date”) to the amount set forth opposite such Increase Lender’s name on Annex I attached hereto under the caption “Commitment” and
(ii) that it shall continue to be a party in all respects to the Credit Agreement and the other Loan Documents pursuant to Section 2.10(a)(viii) of the Credit Agreement. 

(b) The parties hereto hereby agree that this letter agreement shall be deemed to constitute a Commitment Increase Certificate
for purposes of Section 2.10(a)(v) of the Credit Agreement. On the Increase Effective Date, Annex I to the Credit Agreement will be replaced in its entirety with Annex I attached hereto pursuant to Section 2.10(a)(viii)(B). 

(c) Each Lender (including, for the avoidance of doubt, each undersigned Lender that is not increasing its Commitment pursuant
to paragraph (a) above) hereby agrees that the Borrower shall not be required to make any break-funding payments which may otherwise be required under Section 5.02 of the Credit Agreement solely resulting from the increase in the
Commitments effected pursuant to this Commitment Increase Letter; provided, that the Lenders’ waiver of such break-funding payments set forth in this paragraph (c) is a limited, one-time waiver, and nothing contained herein shall
obligate the Administrative Agent or any Lender to grant any additional or future waiver with respect to, or in connection with, any provision of the Credit Agreement or any other Loan Document. 

 (d) The Borrower hereby represents and warrants to the Lenders and the
Administrative Agent that no Default or Event of Default exists on the Increase Effective Date or after giving effect to the Incremental Commitment effectuated by this Commitment Increase Letter and the making of any Loans pursuant to such
Incremental Commitment. 
 (e) The parties hereto hereby agree that (i) this letter agreement may be executed in
counterparts, and all parties need not execute the same counterpart; however, no party shall be bound by this letter agreement until a counterpart hereof has been executed by the Borrower and each Lender party hereto; facsimiles or other electronic
transmission (e.g., .pdf) shall be effective as originals, (ii) THIS LETTER AGREEMENT REPRESENTS THE FINAL AGREEMENT AMONG THE PARTIES REGARDING THE MATTERS SET FORTH HEREIN AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR
ORAL AGREEMENTS OF THE PARTIES AND THAT THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES, (iii) this letter agreement constitutes a “Loan Document” under and as defined in Section 1.02 of the Credit Agreement, and
(iv) this letter agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 

Please evidence your agreement to each of the provisions of this letter agreement by executing a counterpart hereof where
indicated and returning a fully executed counterpart. 
 [Signature Pages Follow] 

 
			
	Very truly yours,
	
	 ENERGEN CORPORATION,
 an Alabama
corporation

		
	By:	 	 /S/ CHARLES W. PORTER, JR.

	Name:	 	Charles W. Porter, Jr.
	Title:	 	Vice President, Chief Financial Officer and Treasurer

  
 Signature Page to Energen
Commitment Increase Letter 

 Accepted and Agreed: 

 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent and Lender

		
	By:	 	 /S/ COLLIN S. MAYER

	Name:	 	Collin S. Mayer
	Title:	 	Assistant Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 BANK OF AMERICA, N.A.,

	 as Lender

		
	 By:
	 	 /S/ RONALD E.
MCKAIG

	 Name:
	 	 Ronald E. McKaig

	 Title:
	 	 Managing Director

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 COMPASS BANK,

	 as Lender

		
	 By:
	 	 /S/ ANN VAN
WAGENER

	 Name:
	 	 Ann Van Wagener

	 Title:
	 	 Senior Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 JPMORGAN CHASE BANK, N.A.,

	 as Lender

		
	 By:
	 	 /S/ JO LINDA
PAPADAKIS

	 Name:
	 	 Jo Linda Papadakis

	 Title:
	 	 Authorized Officer

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 REGIONS BANK,

	 as Lender

		
	 By:
	 	 /S/ ROBERT KRET

	 Name:
	 	 Robert Kret

	 Title:
	 	 Assistant Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 MUFG UNION BANK, N.A.,

	 as Lender

		
	 By:
	 	 /S/ MARK OBERREUTER

	 Name:
	 	 Mark Oberreuter

	 Title:
	 	 Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 CIBC Inc.,

	 as Lender

		
	 By:
	 	 /S/ DARIA MAHONEY

	 Name:
	 	 Daria Mahoney

	 Title:
	 	 Authorized Signatory

		
	 By:
	 	 /S/ TRUDY NELSON

	 Name:
	 	 Trudy Nelson

	 Title:
	 	 Authorized Signatory

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 MIZUHO BANK, LTD.,

	 as Lender

		
	 By:
	 	 /S/ LEON MO

	 Name:
	 	 Leon Mo

	 Title:
	 	 Authorized Signatory

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	PNC BANK, NATIONAL ASSOCIATION,
	as Lender
		
	By:	 	 /S/ JONATHAN LUCHANSKY

	Name:	 	Jonathan Luchansky
	Title:	 	Assistant Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	SUMITOMO MITSUI BANKING CORPORATION,
	as Lender
		
	By:	 	 /S/ SHUJI YABE

	Name:	 	Shuji Yabe
	Title:	 	Managing Director

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as Lender
		
	By:	 	 /S/ NICHOLAS T. HANFORD

	Name:	 	Nicholas T. Hanford
	Title:	 	Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	BRANCH BANKING AND TRUST COMPANY,
	as Lender
		
	By:	 	 /S/ JAMES GIORDANO

	Name:	 	James Giordano
	Title:	 	Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 BMO HARRIS BANK N.A.,

	 as Lender

		
	 By:
	 	 /S/ MELISSA GUZMANN

	 Name:
	 	 Melissa Guzmann

	 Title:
	 	 Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 DNB CAPITAL LLC,

	 as Lender

		
	 By:
	 	 /S/ JOE HYKLE

	 Name:
	 	 Joe Hykle

	 Title:
	 	 Senior Vice President

		
	 By:
	 	 /S/ ASULV TVEIT

	 Name:
	 	 Asulv Tveit

	 Title:
	 	 Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 ROYAL BANK OF CANADA,

	 as Lender

		
	 By:
	 	 /S/ KRISTAN SPIVEY

	 Name:
	 	 Kristan Spivey

	 Title:
	 	 Authorized Signatory

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	THE TORONTO DOMINION (NEW YORK) LLC,
	as Lender
		
	By:	 	 /S/ MARIE FERNANDES

	Name:	 	Marie Fernandes
	Title:	 	Authorized Signatory

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 BOKF, NA DBA BANK OF OKLAHOMA,

	 as Lender

		
	 By:
	 	 /S/ JOHN KRENGER

	 Name:
	 	 John Krenger

	 Title:
	 	 Assistant Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
	 as Lender

		
	 By:
	 	 /S/ MICHAEL SPAIGHT

	 Name:
	 	 Michael Spaight

	 Title:
	 	 Authorized Signatory

		
	 By:
	 	 /S/ SAM MILLER

	 Name:
	 	 Sam Miller

	 Title:
	 	 Authorized Signatory

  
 Signature Page to Energen
Commitment Increase Letter 

 
			
	 SYNOVUS BANK,

	 as Lender

		
	 By:
	 	 /S/ DAVID W. BOWMAN

	 Name:
	 	 David W. Bowman

	 Title:
	 	 Senior Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 Acknowledged and agreed solely for the 

purpose of paragraph (c) of the 

Commitment Increase Letter: 
  

			
	 FIFTH THIRD BANK,

	 as Lender

		
	 By:
	 	 /S/ RICHARD BUTLER

	 Name:
	 	 Richard Butler

	 Title:
	 	 Senior Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 Acknowledged and agreed solely for the 

purpose of paragraph (c) of the 

Commitment Increase Letter: 
  

			
	 BARCLAYS BANK PLC,

	 as Lender

		
	 By:
	 	 /S/ RONNIE GLENN

	 Name:
	 	 Ronnie Glenn

	 Title:
	 	 Vice President

  
 Signature Page to Energen
Commitment Increase Letter 

 Acknowledged and agreed solely for the 

purpose of paragraph (c) of the 

Commitment Increase Letter: 
  

			
	MORGAN STANLEY BANK, N.A.,
	as Lender
		
	By:	 	 /S/ DEBORAH L. HART

	Name:	 	Deborah L. Hart
	Title:	 	Authorized Signatory

  
 Signature Page to Energen
Commitment Increase Letter 

 ANNEX I 
  

									
	 Name of Lender
	  	Applicable
Percentage	 	 	Commitment	 
	 Wells Fargo Bank, National Association
	  	 	7.200000000	% 	 	$	144,000,000	  
	 Bank of America, N.A.
	  	 	7.200000000	% 	 	$	144,000,000	  
	 Compass Bank
	  	 	7.200000000	% 	 	$	144,000,000	  
	 JPMorgan Chase Bank
	  	 	7.200000000	% 	 	$	144,000,000	  
	 Regions Bank
	  	 	7.200000000	% 	 	$	144,000,000	  
	 MUFG Union Bank, N.A.
	  	 	5.000000000	% 	 	$	100,000,000	  
	 CIBC Inc.
	  	 	5.000000000	% 	 	$	100,000,000	  
	 Mizuho Bank, Ltd.
	  	 	5.000000000	% 	 	$	100,000,000	  
	 PNC Bank, National Association
	  	 	5.000000000	% 	 	$	100,000,000	  
	 Sumitomo Mitsui Banking Corporation
	  	 	5.000000000	% 	 	$	100,000,000	  
	 U.S. Bank National Association
	  	 	5.000000000	% 	 	$	100,000,000	  
	 Branch Banking & Trust Company
	  	 	4.250000000	% 	 	$	85,000,000	  
	 BMO Harris Bank N.A.
	  	 	4.250000000	% 	 	$	85,000,000	  
	 DNB Capital LLC
	  	 	4.250000000	% 	 	$	85,000,000	  
	 Royal Bank of Canada
	  	 	4.250000000	% 	 	$	85,000,000	  
	 The Toronto Dominion (New York) LLC
	  	 	4.250000000	% 	 	$	85,000,000	  
	 Credit Suisse AG, Cayman Islands Branch
	  	 	3.000000000	% 	 	$	60,000,000	  
	 BOKF, NA dba Bank of Oklahoma
	  	 	2.500000000	% 	 	$	50,000,000	  
	 Synovus Bank
	  	 	2.500000000	% 	 	$	50,000,000	  
	 Fifth Third Bank
	  	 	2.250000000	% 	 	$	45,000,000	  
	 Barclays Bank PLC
	  	 	1.250000000	% 	 	$	25,000,000	  
	 Morgan Stanley Bank, N.A.
	  	 	1.250000000	% 	 	$	25,000,000	  
	 TOTAL
	  	 	100.000000000	% 	 	$	2,000,000,000	  

  
 Annex I to Energen
Commitment Increase Letter

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]