Exhibit 4.3



 Exhibit 4.3 
  

 
  

DRESSER-RAND GROUP INC. 
 and 
 THE GUARANTORS FROM TIME TO TIME PARTY HERETO 

Debt Securities 

Indenture 

Dated as of [                    ]

 Wilmington Trust, National Association 
 as Trustee 
  
  

 







 CROSS-REFERENCE TABLE* 

 

					
	 Trust Indenture

Act Section
	  	Indenture Section	 
	 310(a)(1)
	  	 	7.10	  
	 (a)(2)
	  	 	7.10	  
	 (a)(3)
	  	 	N.A.	  
	 (a)(4)
	  	 	N.A.	  
	 (a)(5)
	  	 	7.10	  
	 (b)
	  	 	7.10	  
	 (c)
	  	 	N.A.	  
	 311(a)
	  	 	7.11	  
	 (b)
	  	 	7.11	  
	 (c)
	  	 	N.A.	  
	 312(a)
	  	 	2.05	  
	 (b)
	  	 	13.03	  
	 (c)
	  	 	13.03	  
	 313(a)
	  	 	7.06	  
	 (b)(1)
	  	 	N.A.	  
	 (b)(2)
	  	 	7.06; 7.07	  
	 (c)
	  	 	7.06; 13.02	  
	 (d)
	  	 	7.06	  
	 314(a)
	  	 	4.03; 13.05	  
	 (b)
	  	 	N.A.	  
	 (c)(1)
	  	 	N.A.	  
	 (c)(2)
	  	 	N.A.	  
	 (c)(3)
	  	 	N.A.	  
	 (d)
	  	 	N.A.	  
	 (e)
	  	 	13.05	  
	 (f)
	  	 	N.A.	  
	 315(a)
	  	 	N.A.	  
	 (b)
	  	 	N.A.	  
	 (c)
	  	 	N.A.	  
	 (d)
	  	 	N.A.	  
	 (e)
	  	 	N.A.	  
	 316(a) (last sentence)
	  	 	N.A.	  
	 (a)(1)(A)
	  	 	N.A.	  
	 (a)(1)(B)
	  	 	N.A.	  
	 (a)(2)
	  	 	N.A.	  
	 (b)
	  	 	N.A.	  
	 (c)
	  	 	N.A.	  
	 317(a)(1)
	  	 	N.A.	  
	 (a)(2)
	  	 	N.A.	  
	 (b)
	  	 	N.A.	  









					
	 Trust Indenture

Act Section
	  	Indenture Section	 
	 318(a)
	  	 	N.A.	  
	 (b)
	  	 	N.A.	  
	 (c)
	  	 	13.01	  

 N.A. means not applicable. 
  

	*	This Cross Reference Table is not part of the Indenture. 








 TABLE OF CONTENTS 

 

							
	  	  	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
			
	 Section 1.01
	  	 Definitions
	  	 	1	  
	 Section 1.02
	  	 Other Definitions
	  	 	8	  
	 Section 1.03
	  	 Incorporation by Reference of Trust Indenture Act
	  	 	8	  
	 Section 1.04
	  	 Rules of Construction
	  	 	8	  
		
	 ARTICLE 2 THE SECURITIES
	  	 	9	  
			
	 Section 2.01
	  	 Form and Dating
	  	 	9	  
	 Section 2.02
	  	 Execution and Authentication
	  	 	11	  
	 Section 2.03
	  	 Registrar and Paying Agent
	  	 	12	  
	 Section 2.04
	  	 Paying Agent to Hold Money in Trust
	  	 	12	  
	 Section 2.05
	  	 Holder Lists
	  	 	12	  
	 Section 2.06
	  	 Transfer and Exchange
	  	 	13	  
	 Section 2.07
	  	 Replacement Securities
	  	 	17	  
	 Section 2.08
	  	 Outstanding Securities
	  	 	17	  
	 Section 2.09
	  	 Treasury Securities
	  	 	18	  
	 Section 2.10
	  	 Temporary Securities
	  	 	18	  
	 Section 2.11
	  	 Cancellation
	  	 	18	  
	 Section 2.12
	  	 Defaulted Interest
	  	 	18	  
	 Section 2.13
	  	 CUSIP Numbers
	  	 	19	  
		
	 ARTICLE 3 REDEMPTION AND PREPAYMENT
	  	 	19	  
			
	 Section 3.01
	  	 Notices to Trustee
	  	 	19	  
	 Section 3.02
	  	 Selection of Securities to Be Redeemed
	  	 	19	  
	 Section 3.03
	  	 Notice of Redemption
	  	 	20	  
	 Section 3.04
	  	 Effect of Notice of Redemption
	  	 	21	  
	 Section 3.05
	  	 Deposit of Redemption Price
	  	 	21	  
	 Section 3.06
	  	 Securities Redeemed in Part
	  	 	21	  
		
	 ARTICLE 4 COVENANTS
	  	 	22	  
			
	 Section 4.01
	  	 Payment of Securities
	  	 	22	  
	 Section 4.02
	  	 Maintenance of Office or Agency
	  	 	22	  
	 Section 4.03
	  	 Compliance Certificate
	  	 	22	  
		
	 ARTICLE 5 SUCCESSORS
	  	 	23	  
			
	 Section 5.01
	  	 Merger, Consolidation, or Sale of Assets
	  	 	23	  


  
 i 









							
	 ARTICLE 6 DEFAULTS AND REMEDIES
	  	 	23	  
			
	 Section 6.01
	  	 Events of Default
	  	 	23	  
	 Section 6.02
	  	 Acceleration
	  	 	25	  
	 Section 6.03
	  	 Other Remedies
	  	 	26	  
	 Section 6.04
	  	 Waiver of Past Defaults
	  	 	26	  
	 Section 6.05
	  	 Control by Majority
	  	 	27	  
	 Section 6.06
	  	 Limitation on Suits
	  	 	27	  
	 Section 6.07
	  	 Rights of Holders of Securities to Receive Payment
	  	 	27	  
	 Section 6.08
	  	 Collection Suit by Trustee
	  	 	28	  
	 Section 6.09
	  	 Trustee May File Proofs of Claim
	  	 	28	  
	 Section 6.10
	  	 Priorities
	  	 	28	  
	 Section 6.11
	  	 Undertaking for Costs
	  	 	29	  
		
	 ARTICLE 7 TRUSTEE
	  	 	29	  
			
	 Section 7.01
	  	 Duties of Trustee
	  	 	29	  
	 Section 7.02
	  	 Rights of Trustee
	  	 	30	  
	 Section 7.03
	  	 Individual Rights of Trustee
	  	 	31	  
	 Section 7.04
	  	 Trustee’s Disclaimer
	  	 	32	  
	 Section 7.05
	  	 Notice of Defaults
	  	 	32	  
	 Section 7.06
	  	 Reports by Trustee to Holders of the Securities
	  	 	32	  
	 Section 7.07
	  	 Compensation and Indemnity
	  	 	32	  
	 Section 7.08
	  	 Replacement of Trustee
	  	 	34	  
	 Section 7.09
	  	 Successor Trustee by Merger, Etc.
	  	 	35	  
	 Section 7.10
	  	 Eligibility; Disqualification
	  	 	35	  
	 Section 7.11
	  	 Preferential Collection of Claims Against the Company
	  	 	35	  
		
	 ARTICLE 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	 	35	  
			
	 Section 8.01
	  	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	35	  
	 Section 8.02
	  	 Legal Defeasance and Discharge
	  	 	35	  
	 Section 8.03
	  	 Covenant Defeasance
	  	 	36	  
	 Section 8.04
	  	 Conditions to Legal or Covenant Defeasance
	  	 	37	  
	 Section 8.05
	  	 Deposited-Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions
	  	 	38	  
	 Section 8.06
	  	 Repayment to Company
	  	 	38	  
	 Section 8.07
	  	 Reinstatement
	  	 	39	  
		
	 ARTICLE 9 AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	39	  
			
	 Section 9.01
	  	 Without Consent of Holders of Securities
	  	 	39	  
	 Section 9.02
	  	 With Consent of Holders of Securities
	  	 	40	  
	 Section 9.03
	  	 Compliance with Trust Indenture Act
	  	 	42	  
	 Section 9.04
	  	 Revocation and Effect of Consents
	  	 	42	  
	 Section 9.05
	  	 Notation on or Exchange of Securities
	  	 	42	  
	 Section 9.06
	  	 Trustee to Sign Amendments, Etc.
	  	 	42	  


  
 ii 










							
	 ARTICLE 10 SECURITY GUARANTEES
	  	 	43	  
			
	 Section 10.01
	  	 Guarantee
	  	 	43	  
	 Section 10.02
	  	 Limitation on Guarantor Liability
	  	 	44	  
	 Section 10.03
	  	 Guarantors May Consolidate, Etc., on Certain Terms
	  	 	44	  
	 Section 10.04
	  	 Releases
	  	 	45	  
		
	 ARTICLE 11 SATISFACTION AND DISCHARGE
	  	 	46	  
			
	 Section 11.01
	  	 Satisfaction and Discharge
	  	 	46	  
	 Section 11.02
	  	 Application of Trust Money
	  	 	47	  
		
	 ARTICLE 12 SECURITIES IN FOREIGN CURRENCIES
	  	 	47	  
			
	 Section 12.01
	  	 Applicability of Article
	  	 	47	  
		
	 ARTICLE 13 MISCELLANEOUS
	  	 	47	  
			
	 Section 13.01
	  	 Trust Indenture Act Controls
	  	 	47	  
	 Section 13.02
	  	 Notices
	  	 	48	  
	 Section 13.03
	  	 Communication by Holders of Securities with Other Holders of Securities
	  	 	49	  
	 Section 13.04
	  	 Certificate and Opinion as to Conditions Precedent
	  	 	49	  
	 Section 13.05
	  	 Statements Required in Certificate or Opinion
	  	 	49	  
	 Section 13.06
	  	 Rules by Trustee and Agents
	  	 	50	  
	 Section 13.07
	  	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	50	  
	 Section 13.08
	  	 No Adverse Interpretation of Other Agreements
	  	 	50	  
	 Section 13.09
	  	 Governing Law; Waiver of Jury Trial
	  	 	50	  
	 Section 13.10
	  	 Successors
	  	 	50	  
	 Section 13.11
	  	 Severability
	  	 	50	  
	 Section 13.12
	  	 Counterpart Originals
	  	 	51	  
	 Section 13.13
	  	 Table of Contents, Headings, Etc.
	  	 	51	  
	 Section 13.14
	  	 U.S.A. Patriot Act
	  	 	51	  
	 Section 13.15
	  	 Force Majeure
	  	 	51	  

 EXHIBITS 

Exhibit A     FORM OF SECURITY 

  
 iii









 INDENTURE dated as of
[                    ], 20     (the “Base Indenture”), by and among DRESSER-RAND GROUP INC., a Delaware
corporation (the “Company”), each of the Guarantors from time to time party hereto in respect of a particular Series of Securities (each as defined in Section 1.01 below) and Wilmington Trust, National Association, a national
banking association, as trustee (the “Trustee”). 
 Each party agrees as follows for the benefit of each other
and for the equal and ratable benefit of the Holders (as defined) of the Company’s debt securities issued under this Base Indenture (the “Securities”): 
 ARTICLE 1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For
purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through
the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” have correlative meanings.

 “Agent” means any Registrar, co-registrar, Paying Agent or additional paying agent or any successor entity
thereto. 
 “Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial
interests in any Security, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 
 “Authorizing Resolution” means a resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities.

 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.

 “Board of Directors” means: 

(1) with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to
act on behalf of such board; 
 (2) with respect to (1) a limited partnership, the Board of Directors or
other governing body of the general partner of the partnership and (ii) with respect to a general partnership, the general partners or other persons authorized to act as such pursuant to the partnership agreement; 







 (3) with respect to a limited liability company, the Board of Directors or
other governing body, and in the absence of the same, the manager or board of managers or the managing member or members or any controlling committee thereof; and 

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

“Business Day” means a day other than a Saturday, Sunday or other day on which the banking operations of the Paying
Agent are required by law to close. 
 “Capital Lease Obligation” means, at the time any determination thereof
is to be made, the amount of the liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP. 

“Capital Stock” means: 
 (1) in the case of a corporation, corporate stock; 
 (2) in the
case of an association or business entity that is not a corporation, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; 

(3) in the case of a partnership or limited liability company, partnership interests (whether general or limited) or
membership interests; and 
 (4) any other interest or participation that confers on a Person the right to
receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any right of
participation with Capital Stock. 
 “Clearstream” means Clearstream Banking, S.A. and any successor thereto.

 “Company” means Dresser-Rand Group Inc., a Delaware corporation and any and all successors thereto.

 “Corporate Trust Office of the Trustee” will be at the address of the Trustee specified in
Section 13.02 hereof or such other address as to which the Trustee may give notice to the Company. 

“Custodian” means the Trustee, as custodian with respect to the Securities in global form, or any successor entity
thereto. 
 “Default” means any event that is, or with the passage of time or the giving of notice or both
would be, an Event of Default. 

  
 2 








 “Definitive Security” means a certificated Security registered in the name
of the Holder thereof and issued in accordance with Section 2.06 hereof, substantially in the form of Exhibit A hereto and shall not have the “Schedule of Exchanges of Interests in the Global Security” attached thereto.

 “Depositary” means, with respect to any Series issuable or issued in whole or in part in global form, the
Person specified in Section 2.03 hereof as the Depositary with respect to the Securities, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture.

 “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock
(but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Euroclear”
means Euroclear Bank, S.A./N.V., as operator of the Euroclear system, and any successor thereto. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 “Fair Market Value” means the value
that would be paid by a willing buyer to an unaffiliated willing seller in a transaction not involving distress or necessity of either party. 
 “Foreign Currency” means any currency, currency unit or composite currency, including, without limitation, the euro, issued by the government of one or more countries other than the
United States of America or by any recognized confederation or association of such governments. 
 “GAAP” means
generally accepted accounting principles set forth in the Financial Accounting Standards Board’s Accounting Standards Codification or in such other statements by such other entity as have been approved by a significant segment of the accounting
profession, which are in effect on the Issue Date. 
 “Global Security” means, with respect to any Series of
Securities, a Security executed by the Company and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the name of the Depositary or its
nominee. 
 “Government Securities” means securities that are direct obligations of the United States of
America for the timely payment of which its full faith and credit is pledged. 
 “guarantee” means a guarantee,
other than by endorsement of negotiable instruments for collection in the ordinary course of business, direct or indirect, in any manner, including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement
agreements in respect thereof, of all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial
statement conditions or otherwise). 

  
 3 








 “Guarantors” means with respect to any Series, each of: 

(1) the subsidiaries of the Company that execute the supplemental indenture with respect to such Series; and 

(2) any other Subsidiary of the Company that becomes a Guarantor of such Series in accordance with the provisions of this
Indenture; 
 and their respective successors and assigns, in each case, until the Security Guarantee of such Person has been released in
accordance with the provisions of this Indenture. 
 “Hedging Obligations” means, with respect to any specified
Person, the obligations of such Person under: 
 (1) interest rate swap agreements (whether from fixed to
floating or from floating to fixed), interest rate cap agreements and interest rate collar agreements; 
 (2)
other agreements or arrangements designed to manage interest rates or interest rate risk; and 
 (3) other
agreements or arrangements designed to protect such Person against fluctuations in currency exchange rates or commodity prices. 

“Holder” means a Person in whose name a Security is registered. 

“Indebtedness” means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent:

 (1) in respect of borrowed money; 

(2) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in
respect thereof); 
 (3) in respect of banker’s acceptances; 

(4) representing Capital Lease Obligations; 

(5) representing the balance deferred and unpaid of the purchase price of any property or services due more than six
months after such property is acquired or such services are completed; or 
 (6) representing any Hedging
Obligations, 
 if and to the extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a
liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes (i) all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or
not such Indebtedness is assumed by the specified Person); provided, however, that the amount of such Indebtedness shall be the lesser of (x) the Fair Market Value of such asset as of such date of determination and


  
 4 








 
(y) the amount of such Indebtedness of such other Person; and (ii) to the extent not otherwise included, the guarantee by the specified Person of any Indebtedness of any other Person.
Notwithstanding the foregoing, “Indebtedness” shall not include (a) accrued expenses, royalties and Trade Payables; (b) contingent obligations incurred in the ordinary course of business; and (c) asset retirement obligations
and obligations in respect of reclamation and workers’ compensation (including pensions and retiree medical care) that are not overdue by more than 90 days. 
 “Indenture” means this Base Indenture, as amended or supplemented from time to time. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Security through a Participant. 
 “Issue Date” means with respect to any Series of Security, the date on which the Securities of such Series are originally issued under this Indenture. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any
kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or
give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 
 “Non-Recourse Debt” means Indebtedness as to which neither the Company nor any of its Restricted Subsidiaries (a) provides credit support of any kind (including any undertaking,
agreement or instrument that would constitute Indebtedness) other than a pledge of the Equity Interest of any Unrestricted Subsidiaries, (b) is directly or indirectly liable (as a guarantor or otherwise) other than by virtue of a pledge of the
Equity Interests of any Unrestricted Subsidiaries, or (c) constitutes the lender. 
 “Officer” means, with
respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, any Senior Vice President,
any Vice President or any Assistant Vice President of such Person. 

  
 5 








 “Officers’ Certificate” means a certificate signed on behalf of the
Company by at least two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of
Section 13.05 hereof. 
 “Opinion of Counsel” means an opinion from legal counsel that meets the
requirements of Section 13.05 hereof. The counsel may be an employee of or counsel to the Company or any Subsidiary of the Company. 
 “Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect
to DTC, shall include Euroclear and Clearstream). 
 “Person” means any individual, corporation, partnership,
joint venture, association, joint-stock company, trust, unincorporated organization, limited liability company or government or other entity. 
 “Reg S-X” means Regulation S-X promulgated under the Securities Act. 
 “Responsible Officer,” when used with respect to the Trustee, means any officer within the Corporate Trust Administration of the Trustee (or any successor group of the Trustee) or any
other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred
because of his knowledge of and familiarity with the particular subject, in each case having direct responsibility for the administration of this Indenture. 
 “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not an Unrestricted Subsidiary. 

“Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

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

“SEC” means the United States Securities and Exchange Commission. 

“Security Guarantee” means the guarantee by each Guarantor of any applicable Series of the Company’s obligations
under this Indenture. 
 “Securities” has the meaning assigned to it in the preamble to this Indenture.

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

  
 6 








 “Series” means a series of Securities established under this Base
Indenture. 
 “Significant Subsidiary” means any Subsidiary that would be a “significant subsidiary”
as defined in Article 1, Rule 1-02 of Reg S-X. 
 “Stated Maturity” means, with respect to any installment
of principal on any series of Indebtedness, the date on which the final payment of principal was scheduled to be paid in the documentation governing such Indebtedness as of the Issue Date, and will not include any contingent obligations to repay,
redeem or repurchase any such principal prior to the date originally scheduled for the payment thereof. 

“Subsidiary” means, with respect to any specified Person: 

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

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

“TIA” means the Trust Indenture Act of 1939, as amended (15 U.S.C. §§ 77aaa-77bbbb).

 “Trade Payables” means, with respect to any Person, any accounts payable or any other indebtedness or
monetary obligation to trade creditors created, assumed or guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services. 

“Trustee” means Wilmington Trust, National Association until a successor replaces it in accordance with the applicable
provisions of this Indenture and thereafter means the successor serving hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any Series
shall mean only the Trustee with respect to Securities of that Series. 
 “Unrestricted Subsidiary” means, with
respect to any Series: 
 (1) any Subsidiary of the Company that at the time of determination shall be designated
an Unrestricted Subsidiary by the Board of Directors of the Company; and 
 (2) any Subsidiary of an Unrestricted
Subsidiary, 

  
 7 








 Subject, in each case, to such conditions as may be stated in the supplemental indenture or specified in the
Authorizing Resolution with respect to such Series. 
 Section 1.02 Other Definitions. 

 

					
	 Term
	  	Defined in
Section	 
	 “Authentication Order”
	  	 	2.02	  
	 “Covenant Defeasance”
	  	 	8.03	  
	 “DTC”
	  	 	2.01	  
	 “Event of Default”
	  	 	6.01	  
	 “Legal Defeasance”
	  	 	8.02	  
	 “Paying Agent”
	  	 	2.03	  
	 “Payment Default”
	  	 	6.01	  
	 “Registrar”
	  	 	2.03	  
	 “Successor”
	  	 	5.01	  

 Section 1.03 Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this
Indenture. 
 The following TIA terms used in this Indenture have the following meanings: 

“Commission” means the SEC. 
 “indenture securities” means the Securities of a particular Series. 

“indenture security holder” means a Holder. 
 “indenture to be qualified” means this Indenture. 
 “indenture
trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the Securities and the
Security Guarantees means the Company and the Guarantors, respectively, and any successor obligor upon the Securities or a Series and the Security Guarantees thereof, respectively. 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
under the TIA have the meanings so assigned to them. 
 Section 1.04 Rules of Construction. 

Unless the context otherwise requires: 
 (a) a term has the meaning assigned to it; 

  
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 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance
with GAAP; 
 (c) “or” is not exclusive; 
 (d) words in the singular include the plural, and in the plural include the singular; 
 (e) “will” shall be interpreted to express a command; 
 (f) provisions
apply to successive events and transactions; and 
 (g) references to sections of or rules under the Securities Act will be
deemed to include substitute, replacement of successor sections or rules adopted by the SEC from time to time. 
 ARTICLE 2

 THE SECURITIES 
 Section 2.01 Form and Dating. 
 (a) The aggregate principal amount of
Securities that may be issued under this Indenture is unlimited. The Securities may be issued from time to time in one or more Series. Each Series shall be created by an Authorizing Resolution or a supplemental indenture that establishes the terms
of the Series, which may include the following: 
 (1) the title of the Series; 

(2) the aggregate principal amount (or any limit on the aggregate principal amount) of the Series and, if any Securities of a Series are
to be issued at a discount from their face amount, the method of computing the accretion of such discount; 
 (3) the interest
rate or method of calculation of the interest rate; 
 (4) the date from which interest will accrue; 

(5) the record dates for interest payable on Securities of the Series; 

(6) the dates when, places where and manner in which principal and interest are payable; 

(7) the Registrar and Paying Agent; 
 (8) the terms of any mandatory (including any sinking fund requirements) or optional redemption by the Company; 
 (9) the terms of any redemption at the option of Holders; 

  
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 (10) the permissible denominations in which Securities of such Series are issuable, if
different from $2,000 and multiples of $1,000 in excess thereof; 
 (11) whether Securities of such Series will be issued in
registered or bearer form and the terms of any such forms of Securities; 
 (12) whether the Securities of the Series shall be
issued in whole or in part in the form of a Global Security or Securities, the terms and conditions, if different from those contained in this Base Indenture, upon which such Global Security or Securities may be exchanged in whole or in part for
Definitive Securities; the Depositary for such Global Security or Securities; the form of any legend or legends, if any, to be borne by any such Global Security or Securities in addition to or in lieu of the legends referred to in Section 2.15;

 (13) the currency or currencies (including any composite currency) in which principal or interest or both may be paid;

 (14) if payments of principal or interest may be made in a currency other than that in which Securities of such Series are
denominated, the manner for determining such payments, including the time and manner of determining the exchange rate between the currency in which such Securities are denominated and the currency in which such Securities or any of them may be paid,
and any deletions from or modifications of or additions to the terms of this Indenture to provide for or to facilitate the issuance of Securities denominated or payable, at the election of the Company or a Holder thereof or otherwise, in a Foreign
Currency; 
 (15) provisions for electronic issuance of Securities or issuance of Securities of such Series in uncertificated
form; 
 (16) any Events of Default, covenants and/or defined terms in addition to or in lieu of those set forth in this Base
Indenture; 
 (17) whether and upon what terms Securities of such Series may be defeased or discharged if different from the
provisions set forth in this Base Indenture; 
 (18) the form of the Securities of such Series, which, unless the Authorizing
Resolution or supplemental indenture otherwise provides, shall be in the form of Exhibit A; 
 (19) any terms that may
be required by or advisable under applicable law; 
 (20) the percentage of the principal amount of the Securities of such
Series which is payable if the maturity of the Securities of such Series is accelerated in the case of Securities issued at a discount from their face amount; 
 (21) whether Securities of such Series will or will not have the benefit of Guarantees and the Company’s Subsidiaries that will be the initial Guarantors of such Series and, if applicable, the terms
and conditions upon which such Guarantees may be subordinated to other indebtedness of the respective Guarantors; 

  
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 (22) whether the Securities of such Series are senior or subordinated debt securities, and
if subordinated debt securities, the terms of such subordination; 
 (23) whether the Securities of the Series will be
convertible into or exchangeable for other Securities, common shares or other securities of any kind of the Company or another obligor, and, if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, including
the initial conversion or exchange price or rate or the method of calculation, how and when the conversion price or exchange ratio may be adjusted, whether conversion or exchange is mandatory, at the option of the holder or at the Company’s
option, the conversion or exchange period, and any other provision in relation thereto; and 
 (24) any other terms in addition
to or different from those contained in this Base Indenture applicable to such Series. 
 All Securities of one Series need not
be issued at the same time and, unless otherwise provided, a Series may be reopened for issuances of additional Securities of such Series pursuant to an Authorizing Resolution, an Officers’ Certificate or in any indenture supplemental hereto.

 The creation and issuance of a Series and the authentication and delivery thereof are not subject to any conditions
precedent. 
 (b) Euroclear and Clearstream Procedures Applicable. The provisions of the “Operating Procedures of
the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream will be applicable to transfers of
beneficial interests in the Global Securities that are held by Participants through Euroclear or Clearstream. 

Section 2.02 Execution and Authentication. 
 At least one Officer must sign the Securities for the Company by manual or facsimile signature. 
 If an Officer whose signature is on a Security no longer holds that office at the time a Security is authenticated, the Security will nevertheless be valid. 

A Security will not be valid until authenticated by the manual signature of the Trustee. The signature will be conclusive evidence that
the Security has been authenticated under this Indenture. 
 The Trustee will, upon receipt of a written order of the Company
signed by two Officers of the Company (an “Authentication Order”), authenticate Securities for original issue that may be validly issued under this Indenture, including any additional Securities. The aggregate principal amount of
Securities outstanding at any time may not exceed the aggregate principal amount of Securities authorized for issuance by the Company pursuant to one or more Authentication Orders, except as provided in Section 2.07 hereof. 

  
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 The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as
an Agent to deal with Holders or an Affiliate of the Company. 
 Section 2.03 Registrar and Paying Agent.

 The Company will maintain an office or agency where Securities may be presented for registration of transfer or for exchange
(“Registrar”) and an office or agency where Securities may be presented for payment (“Paying Agent”). The Registrar will keep a register of the Securities and of their transfer and exchange. The Company may appoint
one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or
Registrar without notice to any Holder. The Company will notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the
Trustee shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
 The Company initially
appoints DTC to act as Depositary with respect to the Global Securities. 
 The Company initially appoints the Trustee to act as
the Registrar and Paying Agent and to act as Custodian with respect to the Global Securities. 
 Section 2.04 Paying
Agent to Hold Money in Trust. 
 The Company will require each Paying Agent other than the Trustee to agree in writing that
the Paying Agent will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium, if any, or interest on the Securities, and will notify the Trustee in writing of any default by
the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the
Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust
fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Securities. 

Section 2.05 Holder Lists. 
 The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of all Holders and shall otherwise comply with TIA
§ 312(a). If the Trustee is not the Registrar, the Company will furnish to the Trustee at least seven Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as
of such date as the Trustee may reasonably require of the names and addresses of the Holders of Securities and the Company shall otherwise comply with TIA § 312(a). 

  
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 Section 2.06 Transfer and Exchange. 

(a) Transfer and Exchange of Global Securities. A Global Security may not be transferred except as a whole by the Depositary to a
nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Securities
will be exchanged by the Company for Definitive Securities if: 
 (1) the Company delivers to the Trustee notice
from the Depositary that it is unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and in each case a successor Depositary is not appointed by the Company within 120 days
after the date of such notice from the Depositary; 
 (2) the Company in its sole discretion determines that the
Global Securities (in whole but not in part) should be exchanged for Definitive Securities and delivers a written notice to such effect to the Trustee; or 
 (3) there shall have occurred and be continuing an Event of Default with respect to the Securities. 
 Upon the occurrence of either of the preceding events in (1) or (2) above, Definitive Securities shall be issued in such names as the Depositary shall instruct the Trustee. Global Securities
also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10 hereof. Every Security authenticated and delivered in exchange for, or in lieu of, a Global Security or any portion thereof, pursuant to this
Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and delivered in the form of, and shall be, a Global Security. A Global Security may not be exchanged for another Security other than as provided in this
Section 2.06(a), however, beneficial interests in a Global Security may be transferred and exchanged as provided in Section 2.06(b), or (c)hereof. 
 (b) Transfer and Exchange of Beneficial Interests in the Global Securities. The transfer and exchange of beneficial interests in the Global Securities will be effected through the Depositary, in
accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in restricted Global Securities will be subject to restrictions on transfer comparable to those set forth herein to the extent required by the
Securities Act. Transfers of beneficial interests in the Global Securities also will require compliance with either subparagraph (1) or (2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable:

 (1) Transfer of Beneficial Interests in the Same Global Security. Transfers of any Global Security
shall be limited to transfers in whole, but not in part, to the Depositary, its successors or their respective nominees. Interests of beneficial owners in the Global Security may be transferred or exchanged for Definitive Securities in accordance
with the rules and procedures of the Depositary. In addition, Definitive Securities shall be transferred to all beneficial owners in exchange for their beneficial 

  
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interests in a Global Security if (i) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for the Global Security and a successor depository is not
appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has received a request from the Depositary to issue Definitive Securities. 

(2) All Other Transfers and Exchanges of Beneficial Interests in Global Securities. In connection with all
transfers and exchanges of beneficial interests that are not subject to Section 2.06(b)(1) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(A) both: 
 (i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a
beneficial interest in another Global Security in an amount equal to the beneficial interest to be transferred or exchanged; and 
 (ii) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited with such increase; or 

(B) both: 
 (i) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Security
in an amount equal to the beneficial interest to be transferred or exchanged; and 
 (ii) instructions given by
the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Security shall be registered to effect the transfer or exchange referred to in (1) above. 

(c) Unless otherwise provided in the Authorizing Resolution or supplemental indenture for a particular Series of Securities, each Global
Security of such Series shall bear legends in substantially the following forms: 
 “THIS GLOBAL SECURITY IS HELD BY THE
DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL SECURITY MAY BE


  
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DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (4) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT
OF THE COMPANY. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS
MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

(d) Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security
have been exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance
with Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global
Security or for Definitive Securities, the principal amount of Securities represented by such Global Security will be reduced accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of
the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security will
be increased accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 
 (e) General Provisions Relating to Transfers and Exchanges. 

(1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global
Securities and Definitive Securities upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request. 

  
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 (2) No service charge will be made to a Holder of a beneficial interest in a
Global Security or to a Holder of a Definitive Security for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith
(other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10, 3.06 and 9.05 hereof). 
 (3) The Registrar will not be required to register the transfer of or exchange of any Security selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in
part. 
 (4) All Global Securities and Definitive Securities issued upon any registration of transfer or exchange
of Global Securities or Definitive Securities will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Securities or Definitive Securities surrendered upon such
registration of transfer or exchange. 
 (5) Neither the Registrar nor the Company will be required: 

(A) to issue, to register the transfer of or to exchange any Securities during a period beginning at the opening of
business 15 days before the day of any selection of Securities for redemption under Section 3.02 hereof and ending at, the close of business on the day of selection; 

(B) to register the transfer of or to exchange any Security selected for redemption in whole or in part, except the
unredeemed portion of any Security being redeemed in part; or 
 (C) to register the transfer of or to exchange a
Security between a record date and the next succeeding interest payment date. 
 (6) Prior to due presentment for
the registration of a transfer of any Security, the Trustee, any Agent and the Company may deem and treat the Person in whose name any Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of
and interest on such Securities and for all other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (7) The Trustee will authenticate Global Securities and Definitive Securities in accordance with the provisions of Section 2.02 hereof. 

(8) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this
Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile. 
 (9) The
Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security


  
 16 









 
(including any transfers between or among Depositary Participants or beneficial owners of interests in any Global Security) other than to require delivery of such certificates and other
documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

 (10) Neither the Trustee nor any Agent shall have any responsibility or liability for any actions taken or not
taken by the Depositary. 
 Section 2.07 Replacement Securities. 

If any mutilated Security is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the
destruction, loss or theft of any Security, the Company will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Security if the Trustee’s requirements are met. An indemnity bond must be supplied by
the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Security is replaced. The Company may charge for
their expenses (including Trustee’s expenses) in replacing a Security. 
 Every replacement Security is an additional
obligation of the Company and will be entitled to all of the benefits of this Indenture equally and proportionately with all other Securities duly issued hereunder. 
 Section 2.08 Outstanding Securities. 
 The Securities outstanding at
any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest in a Global Security effected by the Trustee in accordance with the provisions
hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security. 

If a Security is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee and the Registrar receive
proof satisfactory to it that the replaced Security is held by a protected purchaser. 
 If the principal amount of any Security
is considered paid under Section 4.01 hereof, it ceases to be outstanding and interest on it ceases to accrue. 
 If the
Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a redemption date or maturity date, money sufficient to pay all principal, premium and accrued interest with respect to the outstanding Securities payable
on that date, then on and after that date such Securities will be deemed to be no longer outstanding and will cease to accrue interest. 

  
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 Section 2.09 Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any direction, request,
waiver or consent in the exercise of any discretion, power or authority (whether contained in this Indenture or vested by operation of law) which the Trustee is required, expressly or impliedly, to exercise in or by reference to the interests of the
Holders or any of them, Securities owned by the Company or any Guarantor, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any Guarantor, will be considered as though
not outstanding, except that for the purposes of determining whether the Trustee will be protected in conclusively relying on any such direction, waiver or consent, only Securities that a Responsible Officer of the Trustee actually knows are so
owned will be so disregarded. 
 Section 2.10 Temporary Securities. 

Until certificates representing Securities are ready for delivery, the Company may prepare and the Trustee, upon receipt of an
Authentication Order, will authenticate temporary Securities. Temporary Securities will be substantially in the form of certificated Securities but may have variations that the Company considers appropriate for temporary Securities and as may be
reasonably acceptable to the Trustee. Without unreasonable delay, the Company will prepare and the Trustee will authenticate definitive Securities in exchange for temporary Securities. 

Holders of temporary Securities will be entitled to all of the benefits of this Indenture. 

Section 2.11 Cancellation. 
 The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and Paying Agent will forward to the Trustee any Securities surrendered to them for registration of transfer,
exchange or payment. The Trustee and no one else will cancel all Securities surrendered for registration of transfer, exchange, payment, replacement or cancellation and will dispose of such canceled Securities in its customary manner (subject to the
record retention requirement of the Exchange Act). The Company may not issue new Securities to replace Securities that it has redeemed, purchased or paid or that have been delivered to the Trustee for cancellation. 

Section 2.12 Defaulted Interest. 
 If the Company defaults in a payment of interest on the Securities of any Series, it will pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted
interest, to the Persons who are Holders of the Series on a subsequent special record date, in each case at the rate provided in the Securities and in Section 4.01 hereof. The Company will notify the Trustee in writing of the amount of
defaulted interest proposed to be paid on each Security and the date of the proposed payment. The Company will fix or cause to be fixed each such special record date and payment date; provided that no such special record date may be less than
10 days prior to the related payment date for such defaulted interest. At least 15 days before the special record date, the Company (or, upon the written request of the Company received at least 15 days before the special record date, the Trustee in
the name and at the expense of the Company) will mail or cause to be mailed to Holders of the Series a notice prepared by the Company that states the special record date, the related payment date and the amount of such interest to be paid.


  
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 Section 2.13 CUSIP Numbers. 

The Company in issuing the Securities of any Series may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee
shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as
contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will
promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 
 ARTICLE 3 

REDEMPTION AND PREPAYMENT 
 Section 3.01 Notices to Trustee. 
 If the Company elects to redeem a
Series of Securities pursuant to an optional redemption, it must furnish to the Trustee, at least 30 days but not more than 60 days before a redemption date, an Officers’ Certificate setting forth: 

(a) the clause of this Indenture pursuant to which the redemption shall occur; 

(b) the redemption date; 
 (c) the principal amount of Securities to be redeemed; 
 (d) the redemption price;

 (e) applicable CUSIP Numbers; and 
 (f) a statement that the conditions precedent to such redemption have been satisfied. 
 Section 3.02 Selection of Securities to Be Redeemed. 
 If less than
all of the Securities of a Series are to be redeemed at any time, the Trustee will, in accordance with and subject to the Applicable Procedures of DTC, select Securities for redemption or purchase as follows: 

(a) if the Series of Securities is listed on any national securities exchange, in compliance with the requirements of the principal
national securities exchange on which the Series of Securities is listed as evidenced in the Officer’s Certificate delivered to the Trustee in connection with the redemption; or 

(b) if the Series of Securities is not listed on any national securities exchange, on a pro rata basis. 

  
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 In the event of partial redemption or purchase by lot, the particular Securities to be
redeemed or purchased will be selected, unless otherwise provided herein, not less than 30 days nor more than 60 days prior to the redemption date by the Trustee from the outstanding Securities not previously called for redemption. 

The Trustee will promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security
selected for partial redemption or purchase, the principal amount thereof to be redeemed. Securities and portions of Securities selected will be in amounts of $2,000 or whole multiples of $1,000 thereafter; provided that no Securities of
$2,000 or less shall be redeemed in part. Except as provided in the preceding sentence, provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities called for redemption. 

Section 3.03 Notice of Redemption. 
 (a) At least 30 days but not more than 60 days before a redemption date, the Company will mail or cause to be mailed, by first class mail, a notice of redemption to the Trustee and each Holder whose
Securities are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Securities or a satisfaction and
discharge of this Indenture pursuant to Articles 8 or 12 hereof. 
 The notice will identify the Securities (including
CUSIP Numbers) to be redeemed and will state: 
 (1) the redemption date; 

(2) the redemption price; 
 (3) if any Securities of a Series are being redeemed in part, the portion of the principal amount of each such Security to be redeemed and that, after the redemption date upon surrender of such Security,
a new Security or Securities in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Security or with respect to a Global Security a notation shall be made on Schedule A thereto to reduce the principal
amount of the Global Security to an amount equal to the unredeemed portion of the Global Security surrendered; 
 (4) the name
and address of the Paying Agent; 
 (5) that Securities called for redemption must be surrendered to the Paying Agent to
collect the redemption price; 
 (6) that, unless the Company defaults in making such redemption payment, interest on
Securities called for redemption ceases to accrue on and after the redemption date; 
 (7) the paragraph of the Securities
and/or Section of this Indenture pursuant to which the Securities called for redemption are being redeemed; and 

  
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 (8) that no representation is made as to the correctness or accuracy of the CUSIP number,
if any, listed in such notice or printed on the Securities. 
 At the Company’s request, the Trustee will give the notice
of redemption in the Company’s name and at their expense; provided, however, that the Company has delivered to the Trustee, at least 45 days prior to the redemption date (or such other time frame as agreed upon by the Trustee and
the Company), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 3.04 Effect of Notice of Redemption. 
 Once notice of redemption is mailed in accordance with Section 3.03 hereof, Securities called for redemption become irrevocably due and payable on the redemption date at the redemption price. A
notice of redemption may not be conditional. 
 Section 3.05 Deposit of Redemption Price. 

One Business Day prior to the redemption date, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay
the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in
excess of the amounts necessary to pay the redemption price of, and accrued interest, if any, on, all Securities to be redeemed. 
 If the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest will cease to accrue on the Securities or the portions of Securities called for
redemption. If a Security is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Security was registered at the close
of business on such record date. If any Security called for redemption is not so paid upon surrender for redemption because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from
the redemption date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Securities and in Section 4.01 hereof. 

Section 3.06 Securities Redeemed in Part. 
 Upon surrender of a Security that is redeemed in part, the Company will issue and, upon receipt of an Authentication Order, the Trustee will authenticate for the Holder at the expense of the Company a new
Security of the same Series equal in principal amount to the unredeemed or unpurchased portion of the Security surrendered. 

  
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 ARTICLE 4 
 COVENANTS 
 Section 4.01 Payment of Securities. 

The Company will pay or cause to be paid the principal of, premium, if any, and interest, if any, on, the Securities of a Series on the
dates and in the manner provided in the Securities of the Series. Principal, premium, if any, and interest, if any, will be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 10:00
a.m. Eastern Time on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal of, premium, if any, and interest, if any, then due. 

The Company will pay interest on overdue principal at the rate specified therefor in the Securities of the Series, and it shall pay
interest on overdue installments of interest at the same rate borne by the Securities of the Series to the extent lawful. 

Section 4.02 Maintenance of Office or Agency. 
 The Company will maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee, Registrar or co-registrar) where Securities may be surrendered for registration of
transfer or for exchange and where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location,
of such office or agency. At any time the Company fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Trustee. 
 The Company may also from time to time designate one or more other offices or agencies
where the Securities may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change
in the location of any such other office or agency. 
 The Company hereby designates the Corporate Trust Office of the Trustee
as one such office or agency of the Company in accordance with Section 2.03 hereof. 
 Section 4.03 Compliance
Certificate. 
 (a) The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the
Company an Officers’ Certificate, one of the signatories of which shall be the principal executive officer, the principal accounting officer, or the principal financial officer of the Company, stating that in the course of the performance by
the signers of their duties as Officers of the Company they would normally have knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate shall describe the Default, its
status and what action the Company is taking or proposes to take with respect thereto. The Company also shall comply with Section 314(a)(4) of the TIA. 

  
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 (b) So long as any of the Securities are outstanding, the Company will promptly deliver to
the Trustee, forthwith upon any Officer becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto.

 ARTICLE 5 
 SUCCESSORS 
 Section 5.01 Merger, Consolidation, or Sale of
Assets. 
 The Company will not consolidate or merge with or into, or sell, lease, convey or otherwise dispose of all or
substantially all of its assets (including by way of liquidation or dissolution), to any Person (other than in a transaction in which the Company is the survivor of a consolidation or merger, or the transferee in a sale, lease, conveyance or other
disposition) unless: 
 (a) the Person formed by or surviving such consolidation or merger (if other than the Company), or to
which such sale, lease, conveyance or other disposition will be made (collectively, the “Successor”), is a corporation or other legal entity organized and existing under the laws of the United States or any state thereof or the
District of Columbia, and the Successor assumes by supplemental indenture in a form reasonably satisfactory to the Trustee all of the obligations of the Company under the Securities and the Indenture, and 

(b) immediately after giving effect to such transaction, no Default or Event of Default has occurred and is continuing. 

The foregoing provisions shall not apply to a transaction the purpose of which is to change the state of incorporation of the Company.

 Upon any such consolidation, merger, sale, lease, conveyance or other disposition, the Successor will be substituted for the
Company under the Indenture. The Successor may then exercise every power and right of the Company under this Indenture, and except in the case of a lease, the Company will be released from all of its liabilities and obligations in respect of the
Securities and the Indenture. If the Company leases all or substantially all of its assets the Company will not be released from its obligations to pay the principal of and interest, if any, on the Securities. 

ARTICLE 6 

DEFAULTS AND REMEDIES 
 Section 6.01 Events of Default. 
 Each of the following is an
“Event of Default” on a Series: 
 (a) default for 30 days in the payment when due of interest on the Securities
of such Series; 

  
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 (b) default in the payment when due (at maturity, upon redemption or otherwise) of the
principal of, or premium, if any, on the Securities of such Series; 
 (c) failure by the Company or any of its Restricted
Subsidiaries to comply with the provisions of Section 5.01 hereof; 
 (d) failure by the Company for 60 days after notice
to the Company by the Trustee or by the Holders of at least 25% in aggregate principal amount of the Securities of such Series then outstanding voting as a single class to comply with any of its obligations or covenants. 

(e) failure by the Company or any of its Restricted Subsidiaries for 60 days after notice to the Company by the Trustee or by the Holders
of at least 25% in aggregate principal amount of the Securities then outstanding voting as a single class to comply with any of its or their obligations, covenants or agreements contained in this Indenture other than those described in
clauses (a) through (d) above; 
 (f) default under any mortgage, indenture or instrument under which there may be
issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Significant Subsidiaries or group of Restricted Subsidiaries that taken as a whole would constitute a Significant Subsidiary (or
the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries), whether such Indebtedness or guarantee now exists, or is created after the Issue Date (but excluding Indebtedness owing to the Company or a Restricted
Subsidiary), if that default: 
 (1) is caused by a failure to pay principal on such Indebtedness prior to the expiration of the
grace period provided in such Indebtedness upon the Stated Maturity of such Indebtedness (a “Payment Default”); or 
 (2) results in the acceleration of such Indebtedness prior to its Stated Maturity, 
 and, in each
case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $50.0 million or more;

 (g) failure by the Company or any of its Significant Subsidiaries, or group of Restricted Subsidiaries that taken as a whole
would constitute a Significant Subsidiary, to pay final and non-appealable judgments entered by a court or courts of competent jurisdiction aggregating in excess of $50.0 million (net of any amounts which are covered by insurance or bonded), which
judgments are not paid, waived, satisfied, discharged or stayed for a period of 60 days; 
 (h) the Company or any of its
Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 

(1) commences a voluntary case, 

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

 (3) consents to the appointment of a custodian of it or for all or substantially all of its property, or 

(4) makes a general assignment for the benefit of its creditors. 

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

(1) is for relief against the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary in an involuntary case; 
 (2) appoints a
custodian of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property
of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; or 

(3) orders the liquidation of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of
Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; 
 and the order or decree remains unstayed and in
effect for 60 consecutive days; and 
 (j) except as permitted by this Indenture, any Security Guarantee of any Significant
Subsidiary or group of Restricted Subsidiaries that taken as a whole would constitute a Significant Subsidiary is held in any judicial proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect (other than in
accordance with the terms of such Security Guarantee and this Indenture), or any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its obligations under its Security Guarantee and such Default continues for 10 days.

 Section 6.02 Acceleration. 
 In the case of an Event of Default specified in clause (h) or (i) of Section 6.01 hereof, with respect to the Company, any Restricted Subsidiary of the Company that is a Significant
Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary, all outstanding Securities will become due and payable immediately without further action or notice. If any other
Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then outstanding Securities of the applicable Series may declare all the Securities of such Series to be due and payable
immediately; provided that such acceleration shall be automatically rescinded and annulled without any further action required on the part of the Trustee or the Holders in the event that any and all Events of Default specified in the
acceleration notice under this Indenture shall have been cured, waived or otherwise remedied as provided in this Indenture prior to the expiration of the period referred to in the preceding clauses (x) and (y). 

  
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 Upon any such declaration, the Securities of such Series shall become due and payable
immediately. 
 The Holders of a majority in aggregate principal amount of the then outstanding Securities of such Series by
written notice to the Trustee may, on behalf of all of the Holders, rescind an acceleration and its consequences, if the rescission would not conflict with any judgment or decree and if all existing Events of Default (except nonpayment of principal,
interest or premium, if any, that has become due solely because of the acceleration) have been cured or waived. 
 In the event
of any Event of Default specified in clause (f) of Section 6.01, such Event of Default and all consequences thereof (excluding, however, any resulting payment default) will be annulled, waived and rescinded, automatically and without any
action by the Trustee or the Holders of the Securities of such Series if within 20 days after such Event of Default arose the Company delivers an Officers’ Certificate to the Trustee stating that (x) the Indebtedness or guarantee that is
the basis for such Event of Default has been discharged or (y) the Holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of Default or (z) the default that is the basis
for such Event of Default has been cured, it being understood that in no event shall an acceleration of the principal amount of the Securities of such Series as described above be annulled, waived or rescinded upon the happening of any such events.

 Section 6.03 Other Remedies. 
 If an Event of Default on a Series occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal, premium, if any, and interest on the Securities of such Series
or to enforce the performance of any provision of the Securities or this Indenture applicable to the Series. 
 The Trustee may
maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Security in exercising any right or remedy accruing upon an Event of
Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 
 Section 6.04 Waiver of Past Defaults. 
 Holders of not less than a
majority in aggregate principal amount of the then outstanding Securities of a Series by written notice to the Trustee may on behalf of the Holders of all of the Securities of such Series rescind an acceleration or waive an existing Default or Event
of Default and its consequences hereunder, except a continuing Default or Event of Default in the payment of the principal of, premium, if any, or interest on, the Securities of the Series (including in connection with an offer to purchase). Upon
any such rescission or waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default
or impair any right consequent thereon. 

  
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 Section 6.05 Control by Majority. 

Holders of a majority in aggregate principal amount of the then outstanding Securities of a Series may direct the time, method and place
of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it with respect to such Series. However, the Trustee may refuse to follow any direction that conflicts with law or this
Indenture that the Trustee determines may be unduly prejudicial to the rights of other Holders of Securities or that may involve the Trustee in personal liability. 
 Section 6.06 Limitation on Suits. 
 A Holder of a Series may pursue a
remedy with respect to this Indenture or the Securities of such Series only if: 
 (a) such Holder has previously given the
Trustee written notice that an Event of Default is continuing; 
 (b) Holders of at least 25% in aggregate principal amount of
the then outstanding Securities of such Series make a written request to the Trustee to pursue the remedy; 
 (c) such Holder or
Holders offer and, if requested, provide to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense; 
 (d) the Trustee does not comply with the request within 60 days after receipt of the request and the offer of such security or indemnity; and 

(e) during such 60-day period, Holders of a majority in aggregate principal amount of the then outstanding Securities of such Series do
not give the Trustee a direction inconsistent with such request. 
 A Holder of a Security of a Series may not use this
Indenture to prejudice the rights of another Holder of a Security of the same Series or to obtain a preference or priority over another Holder of a Security of the same Series (it being understood that the Trustee does not have an affirmative duty
to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 
 Section 6.07 Rights
of Holders of Securities to Receive Payment. 
 Notwithstanding any other provision of this Indenture, the right of any
Holder of a Security to receive payment of principal, premium, if any, and interest on the Security, on or after the respective due dates expressed in the Security (including in connection with an offer to purchase), or to bring suit for the
enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

  
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 Section 6.08 Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(a) or (b) hereof occurs and is continuing, the Trustee is authorized to
recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, premium, if any, and interest remaining unpaid on, the Securities and interest on overdue principal and, to the extent
lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

Section 6.09 Trustee May File Proofs of Claim. 
 The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Securities allowed in any judicial proceedings relative to the Company (or any other obligor upon the Securities), its creditors or its property and
shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to
the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and
other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder
in any such proceeding. 
 Section 6.10 Priorities. 

If the Trustee collects any money pursuant to this Article 6 with respect to Securities of any Series, it shall pay out the money in
the following order: 
 First: to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof,
including payment of all compensation, expenses, disbursements and liabilities incurred by the Trustee, its counsel and agents and the costs and expenses of collection; 
 Second: to Holders of Securities of such Series for amounts due and unpaid on the Securities of the Series for principal, premium, if any, and interest, ratably, without preference or priority of
any kind, according to the amounts due and payable on the Securities of the Series for principal, premium, if any and interest, respectively; and 

  
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 Third: to the Company or to such party as a court of competent jurisdiction shall
direct in writing. 
 The Trustee may fix a record date and payment date for any payment to Holders of Securities pursuant to
this Section 6.10. 
 Section 6.11 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or
omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable and
documented attorneys’ fees and expenses against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee,
a suit by a Holder of a Security pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Securities of the Series. 

ARTICLE 7 

TRUSTEE 

Section 7.01 Duties of Trustee. 
 (a) The Trustee, prior to the occurrence of an Event of Default on any Series of which a Responsible Officer of the Trustee shall have actual knowledge and after the curing of all such Events of Defaults
which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. If an Event of Default of which a Responsible Officer of the Trustee shall have actual knowledge has occurred and is
continuing, the Trustee will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such
person’s own affairs. 
 (b) Except during the continuance of an Event of Default: 

(1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need perform only
those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, with respect to certificates or opinions specifically required by any provision hereof to be
furnished to it, the Trustee will examine the certificates 

  
 29 









 
and opinions to determine whether or not they conform to the requirements of this Indenture; provided, however, that the Trustee shall not be responsible for the accuracy or
content, including mathematical calculations, of any resolution, certificate, statement, opinion, report, document, order or other instrument furnished to it hereunder. 
 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1) this paragraph does not limit the effect of paragraph (b) of this Section 7.01; 

(2) the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the
Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee will not be liable with respect to any action
it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 

(d) No provision of this Indenture will require the Trustee to expend or risk its own funds or incur any liability for the performance of
any of its duties hereunder or the exercise of any of its rights or powers. The Trustee will be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder has offered to the
Trustee security and indemnity satisfactory to it against any loss, liability or expense. 
 (e) The Trustee will not be liable
for interest on any money received by it except as the Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

Section 7.02 Rights of Trustee. 
 (a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated
in the document. 
 (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an
Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in conclusive reliance on such Officers’ Certificate or Opinion of Counsel. The Trustee may consult with counsel of its own
selection and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in conclusive reliance
thereon. 
 (c) The Trustee may execute any of the trusts or powers hereunder and perform any duties hereunder either directly
or through its attorneys and agents and will not be responsible for the misconduct or negligence of any agent appointed with due care. 

  
 30 









 (d) The Trustee will not be liable for any action it takes or omits to take in good faith
that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless otherwise
specifically provided in this Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Officer of the Company. 
 (f) The Trustee will be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders unless such Holders have offered to the
Trustee indemnity or security satisfactory to it against the losses, liabilities and expenses that might be incurred by it in compliance with such request or direction. 
 (g) In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 
 (h) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which
is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture. 
 (i) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee
in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 
 (j) The Trustee
may request that the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be
signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded. 

(k) The right of the Trustee to perform any discretionary act enumerated in this Indenture shall not be construed as a duty, and the
Trustee shall not be answerable for other than its negligence or willful misconduct in the performance of such act. 
 (l) The
Trustee shall not be required to give any bond or surety in respect of the performance of its power and duties hereunder. 

Section 7.03 Individual Rights of Trustee. 
 The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have
if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for 

  
 31 









 
permission to continue as trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections
7.10 and 7.11 hereof. 
 Section 7.04 Trustee’s Disclaimer. 

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Securities,
it shall not be accountable for the Company’s use of the proceeds from the Securities of any Series or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it will not be responsible for
making any calculation with respect to any matter under this Indenture, it will not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or
recital herein or any statement in the Securities or any other document in connection with the sale of the Securities or pursuant to this Indenture or the legality or validity of the Securities or this Indenture other than its certificate of
authentication. 
 Section 7.05 Notice of Defaults. 

If a Default or Event of Default on any Series occurs and is continuing and if it is actually known to the Trustee, the Trustee will mail
to Holders of Securities of such Series a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on, any Security of the
Series, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders of the Securities of the Series. 

Section 7.06 Reports by Trustee to Holders of the Securities. 

(a) Within 60 days after each anniversary of the Issue Date of any Securities beginning with the first anniversary following the Issue
Date, and for so long as Securities remain outstanding, the Trustee will mail to the Holders of the Securities a brief report dated as of such reporting date that complies with TIA § 313(a) (but if no event described in TIA
§ 313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also will comply with TIA § 313(b)(2). The Trustee will also transmit by mail all reports as required by TIA
§ 313(c). 
 (b) A copy of each report at the time of its mailing to the Holders of Securities will be mailed by the
Trustee to the Company and filed by the Trustee with the SEC and each stock exchange on which the Securities are listed in accordance with TIA § 313(d). The Company will promptly notify the Trustee in writing when the Securities are listed
on any stock exchange or delisted therefrom. 
 Section 7.07 Compensation and Indemnity. 

(a) The Company will pay to the Trustee from time to time such compensation for its acceptance of this Indenture and services hereunder
as agreed in writing. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and
expenses (documented in accordance with customary procedures) 

  
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incurred or made by it in addition to the compensation for its services. Such expenses will include the reasonable compensation, disbursements and expenses (documented in accordance with
customary procedures) of the Trustee’s agents and counsel. 
 (b) The Company and each Guarantor, jointly and severally,
will indemnify the Trustee and any director, officer, employee or agent of the Trustee against any and all losses, liabilities, claims, damages or expenses incurred by it arising out of or in connection with the acceptance or administration of its
duties under this Indenture, including, without limitation, the reasonable costs and expenses (documented in accordance with Trustee’s customary procedures) of enforcing this Indenture against the Company and the Guarantors (including this
Section 7.07) and defending itself against any claim (whether asserted by the Company, the Guarantors, any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except
to the extent any such loss, liability or expense may be attributable to its own negligence, bad faith or willful misconduct. The Trustee will notify the Company promptly of any claim of which a Responsible Officer has received written notice for
which it may seek indemnity. Failure by the Trustee to so notify the Company will not relieve the Company or any of the Guarantors of their obligations hereunder. The Company or such Guarantor will defend the claim and the Trustee will cooperate in
the defense. The Trustee may have separate counsel and the Company and the Guarantors, as applicable, will pay the reasonable fees and expenses (documented in accordance with Trustee’s customary procedures) of such counsel; provided,
however, that the Company and any Guarantor shall not be required to pay such fees and expenses if it assumes such indemnified parties’ defense and, in such indemnified parties’ reasonable judgment, there is no conflict of interest
between the Company and the Guarantors, as applicable, and such parties in connection with such defense. Neither the Company nor any Guarantor need pay for any settlement made without its consent, which consent will not be unreasonably withheld.

 (c) The obligations of the Company and the Guarantors under this Section 7.07 will survive the satisfaction and
discharge of this Indenture. 
 (d) To secure the Company’s and the Guarantors’ payment obligations in this
Section 7.07, the Trustee will have a Lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Securities of all Series. Such
Lien will survive the satisfaction and discharge of this Indenture. 
 (e) When the Trustee incurs expenses or renders services
after an Event of Default specified in Section 6.01(h) or (i) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of
administration under any Bankruptcy Law. 
 (f) The Trustee will comply with the provisions of TIA § 313(b)(2) to the
extent applicable. 

  
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 Section 7.08 Replacement of Trustee. 

(a) With respect to Securities of any or all Series, a resignation or removal of the Trustee and appointment of a successor Trustee will
become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08. 
 (b)
The Trustee may resign in writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the then outstanding Securities of the Series may remove the
Trustee by so notifying the Trustee and the Company in writing. The Company may remove the Trustee if: 
 (1) the Trustee fails
to comply with Section 7.10 hereof; 
 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is
entered with respect to the Trustee under any Bankruptcy Law; 
 (3) a custodian or public officer takes charge of the Trustee
or its property; or 
 (4) the Trustee becomes incapable of acting. 

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company will promptly
appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Securities of the Series may appoint a successor Trustee to replace the successor
Trustee appointed by the Company. 
 (d) If a successor Trustee does not take office within 60 days after the retiring Trustee
resigns or is removed, the retiring Trustee, the Company, or the Holders of at least 10% in aggregate principal amount of the then outstanding Securities of the Series may petition at the expense of the Company any court of competent jurisdiction
for the appointment of a successor Trustee. 
 (e) If the Trustee, after written request by any Holder of the Series who has
been a Holder for at least six months, fails to comply with Section 7.10 hereof, such Holder may petition at the expense of the Company any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee. 
 (f) A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the
Company. Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will mail a notice of its
succession to Holders. The retiring Trustee will promptly transfer all property held by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have been paid and subject to the Lien provided for in
Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof will continue for the benefit of the retiring Trustee. 

  
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 Section 7.09 Successor Trustee by Merger, Etc. 

Any business entity into which the Trustee may be merged or converted or with which it may be consolidated, or any entity resulting from
any merger, conversion or consolidation to which the Trustee shall be a party, or any entity succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, without the
execution or filing of any paper or any further act on the part of any of the parties hereto. 
 Section 7.10
Eligibility; Disqualification. 
 There will at all times be a Trustee hereunder that is a corporation organized and
doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has
a combined capital and surplus of at least $50.0 million as set forth in its most recent published annual report of condition. 

This Indenture will always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee is
subject to TIA § 310(b). 
 Section 7.11 Preferential Collection of Claims Against the Company.

 The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A
Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 

ARTICLE 8 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
 Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance. 

The Company may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’
Certificate, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Securities of any Series and Security Guarantees upon compliance with the conditions set forth below in this Article 8. 

Section 8.02 Legal Defeasance and Discharge. 
 Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company and each of the Guarantors will, subject to the satisfaction of the
conditions set forth in Section 8.04 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Securities of any Series (including the Security Guarantees) on the date the conditions set forth below are
satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and the Guarantors will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Securities
of the Series (including the Security Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (a) and
(b) below, and to have satisfied all their other 

  
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obligations under such Securities of the Series, the Security Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which will survive until otherwise terminated or discharged hereunder: 
 (a) the rights of Holders of outstanding Securities of the Series to receive payments in respect of the principal of, or interest or premium, if any, on, such Securities when such payments are due from
the trust referred to in Section 8.04 hereof; 
 (b) the Company’s obligations with respect to such Securities of the
Series under Article 2 and Section 4.02 hereof; 
 (c) the rights, powers, trusts, duties and immunities of the
Trustee hereunder and the Company’s and the Guarantors’ obligations in connection therewith; and 
 (d) this
Article 8. 
 Subject to compliance with this Article 8, the Company may exercise its option under this
Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof. 
 Section 8.03
Covenant Defeasance. 
 Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this
Section 8.03 with respect to a particular Series, the Company and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from each of their obligations under the covenants
contained in Section 4.03 and clause (b) of Section 5.01 hereof with respect to the outstanding Securities of such Series on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter,
“Covenant Defeasance”), and the Securities of the Series will thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders of such Series (and the consequences
of any thereof) in connection with such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities will not be deemed outstanding for accounting purposes). For this
purpose, Covenant Defeasance means that, with respect to the outstanding Securities of such Series and Security Guarantees, the Company and the Guarantors may omit to comply with and will have no liability in respect of any term, condition or
limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and
such omission to comply will not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and the Securities of such Series and Security Guarantees will be unaffected
thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(c) through
6.01(g) hereof will not constitute Events of Default. 

  
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 Section 8.04 Conditions to Legal or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03 hereof, for any particular
Series: 
 (a) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of such Series,
cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public accountants, to pay
the principal of, premium, if any, and interest on, the outstanding Securities of such Series on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Company must specify whether the Securities of
such Series are being defeased to such stated date for payment or to a particular redemption date; 
 (b) in the case of an
election under Section 8.02 hereof, the Company must deliver to the Trustee an Opinion of Counsel confirming that: 
 (1)
the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 
 (2) since the Issue
Date, there has been a change in the applicable federal income tax law, 
 in either case to the effect that, and based thereon such Opinion of
Counsel shall confirm that, the Holders of the outstanding Securities will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the
same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (3) in the case of
an election under Section 8.03 hereof, the Company must deliver to the Trustee an Opinion of Counsel confirming that the Holders of the outstanding Securities of such Series will not recognize income, gain or loss for federal income tax
purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or Event of
Default resulting from, or arising in connection with, the borrowing of funds to be applied to such deposit and the grant of any Lien securing such borrowing); 
 (5) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute a default under, any material agreement or instrument (other than this Indenture) to which the
Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
 (6) the Company
must deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders over the other creditors of the Company with the intent of defeating, hindering, delaying or
defrauding any creditors of the Company or others; and 

  
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 (7) the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
 Section 8.05 Deposited-Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.06 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of
this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding Securities of a Series will be held in trust and applied by the Trustee, in accordance with the provisions of such Securities
and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of
principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 
 The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 8.04
hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Securities of the relevant Series. 

Notwithstanding anything in this Article 8 to the contrary, the Trustee will deliver or pay to the Company from time to time upon
the written request of the Company any money or non-callable Government Securities held by it as provided in Section 8.04 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(a) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or
Covenant Defeasance. 
 Section 8.06 Repayment to Company. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of,
premium, if any, or interest on, any Security of any Series and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the
Company) will be discharged from such trust, and the Holder of such Security will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and
all liability of the Company as trustee thereof, will thereupon cease. 

  
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 Section 8.07 Reinstatement. 

If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable Government Securities in accordance with
Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s and the Guarantors’
obligations under this Indenture and the Securities of the relevant Series and the Security Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or
Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on, any
Security of a Series following the reinstatement of its obligations, the Company will be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee or Paying Agent. 

ARTICLE 9 

AMENDMENT, SUPPLEMENT AND WAIVER 
 Section 9.01 Without Consent of Holders of Securities. 

Notwithstanding Section 9.02 of this Indenture, the Company, the Guarantors and the Trustee may amend or supplement this Indenture
or the Securities of any Series or the Security Guarantee without the consent of any Holder: 
 (a) to cure any ambiguity, defect
or inconsistency; 
 (b) to provide for uncertificated Securities in addition to or in place of certificated Securities of any
Series; 
 (c) to provide that specific provisions of this Indenture shall not apply to a Series not previously issued or to
make a change to specific provisions of this Indenture that only applies to any Series not previously issued or to additional Securities of a Series not previously issued; 
 (d) to create a Series and establish its terms; 
 (e) to provide for the
assumption of the Company’s or a Guarantor’s obligations to the Holders of the Securities of any Series and Security Guarantees by a successor to the Company or such Guarantor pursuant to Article 5 or Article 10 hereof;

 (f) to make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect
the legal rights hereunder of any Holder; 
 (g) to comply with requirements of the SEC in order to effect or maintain the
qualification of this Indenture under the TIA; 

  
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 (h) to conform the text of this Indenture or the Securities of any Series to any provision
of the “Description of the Securities” section of an offering memorandum, to the extent that such provision in that “Description of the Securities” was intended to be a verbatim recitation of a provision of this Indenture, the
Security Guarantees or the Securities of any Series which intent shall be evidenced by an Officers’ Certificate; 
 (i) to
provide for the issuance of additional Securities in any Series in accordance with the limitations set forth in this Indenture as of the Issue Date; 
 (j) to allow any Guarantor in respect of any Series to execute a supplemental indenture and/or a Security Guarantee with respect to the Securities and to release Guarantors from the Security Guarantee in
accordance with the terms of this Indenture as of the Issue Date; 
 (k) to comply with the rules of any applicable securities
depositary; or 
 (l) to provide for a successor Trustee in accordance with the terms of this Indenture or to otherwise comply
with any requirement of this Indenture. 
 Upon the request of the Company accompanied by a resolution of its Board of Directors
authorizing the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Section 13.04 hereof, the Trustee will join with the Company and the Guarantors in the execution of any
amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such amended
or supplemental indenture that affects its own rights, duties, liabilities or immunities under this Indenture or otherwise. 

Section 9.02 With Consent of Holders of Securities. 
 Except as provided below in this Section 9.02, the Company, the Guarantors and the Trustee may amend or supplement this Indenture and the Securities of a Series or the Security Guarantee with the
consent of the Company and Holders of such Series of at least a majority in aggregate principal amount of the then outstanding Securities of such Series voting as a single class (including, without limitation, consents obtained in connection with a
tender offer or exchange offer for, or purchase of, the Securities), and, subject to Sections 6.04 and 6.07 hereof, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium, if
any, or interest on, the Securities, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture or the Securities of such Series or the Security Guarantee may be waived with
the consent of the Company and Holders of a majority in aggregate principal amount of the then outstanding Securities of such Series (including, without limitation, additional Securities, if any) voting as a single class (including, without
limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Securities). Section 2.08 hereof shall determine which Securities are considered to be “outstanding” for purposes of this
Section 9.02. 
 Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the
execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Securities of the Series as aforesaid, and upon receipt by the Trustee of the
documents described 

  
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in Section 13.04 hereof, the Trustee will join with the Company and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture
directly affects the Trustee’s own rights, duties, liabilities or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental Indenture.

 It is not necessary for the consent of the Holders of any Series under this Section 9.02 to approve the particular form
of any proposed amendment, supplement, waiver or consent, but it is sufficient if such consent approves the substance thereof. 

After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Company will mail to the Holders of
Securities of the Series affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such
amendment, supplement or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a majority in aggregate principal amount of the Securities of a Series then outstanding voting as a single class may waive compliance in a particular instance
by the Company with any provision of this Indenture or the Securities of such Series or the Security Guarantees. However, without the consent of the Company and each Holder affected, an amendment, supplement or waiver under this Section 9.02
may not (with respect to any Securities of the Series held by a non-consenting Holder of such Series): 
 (1) reduce the
principal amount of Securities of a Series whose Holders must consent to an amendment, supplement or waiver; 
 (2) reduce the
principal of or change the fixed maturity of any Security of a Series or alter the provisions with respect to the redemption of the Securities; 
 (3) reduce the rate of or change the time for payment of interest, including default interest, on any Security; 
 (4) waive a Default or Event of Default in the payment of principal of, or premium, if any, or interest on, the Securities of any Series (except a rescission of acceleration of the Securities of a Series
by the Holders of at least a majority in aggregate principal amount of the then outstanding Securities of such Series and a waiver of the payment default that resulted from such acceleration); 

(5) make any Security payable in money other than that stated in the Securities of the relevant Series; 

(6) make any change in the provisions of this Indenture relating to waivers of past Defaults or impair the rights of Holders to receive
payments of principal of, or interest or premium, if any, on, the Securities of any Series; 
 (7) waive a redemption payment
with respect to any Security; 

  
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 (8) release any Guarantor that is a Significant Subsidiary from any of its obligations for
the relevant Series under its Security Guarantee or this Indenture, except in accordance with the terms of this Indenture; 

(9) impair the right to institute suit for the enforcement of any payment on or with respect to the Securities of any Series or any
Security Guarantees; 
 (10) modify the subordination provisions of this Indenture in any manner adverse to the Holders of any
series; or 
 (11) make any change in the preceding amendment and waiver provisions. 

Section 9.03 Compliance with Trust Indenture Act. 
 Every amendment or supplement to this Indenture or the Securities will be set forth in an amended or supplemental indenture that complies with the TIA as then in effect. 

Section 9.04 Revocation and Effect of Consents. 
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Security of a Series is a continuing consent by the Holder of a Security of such Series and every subsequent
Holder of a Security of such Series or portion of a Security of such Series that evidences the same debt as the consenting Holder’s Security of such Series, even if notation of the consent is not made on any Security of such Series. However,
any such Holder of a Security of such Series or subsequent Holder of a Security of such Series may revoke the consent as to its Security of such Series if the Trustee receives written notice of revocation before the date the amendment, supplement or
waiver becomes effective. After an amendment, supplement or waiver becomes effective in accordance with its terms, it thereafter binds every Holder of such Series. 
 Section 9.05 Notation on or Exchange of Securities. 
 The Trustee may
place an appropriate notation about an amendment, supplement or waiver on any Security thereafter authenticated. The Company in exchange for all Securities may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new
Securities that reflect the amendment, supplement or waiver. 
 Failure to make the appropriate notation or issue a new Security
will not affect the validity and effect of such amendment, supplement or waiver. 
 Section 9.06 Trustee to Sign
Amendments, Etc. 
 The Trustee will sign any amended or supplemental indenture authorized pursuant to this Article 9
if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amended or supplemental indenture until the Board of Directors of the Company approves it. In
executing any amended or supplemental indenture, the Trustee will be provided with and (subject to Section 7.01 hereof) 

  
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will be fully protected in conclusively relying upon, in addition to the documents required by Section 13.04 hereof, an Officers’ Certificate and an Opinion of Counsel stating that the
execution of such amended or supplemental indenture is authorized or permitted by this Indenture and is the legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms. 

ARTICLE 10 

SECURITY GUARANTEES 
 Section 10.01 Guarantee. 
 (a) Subject to any other provisions set
forth in the supplemental indenture relating to a particular Series, each of the Guarantors hereby, jointly and severally, unconditionally guarantees to each Holder of a Security of such Series authenticated and delivered by the Trustee and to the
Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Securities of such Series or the obligations of the Company hereunder or thereunder, that: 

(1) the principal of, premium, if any, and interest on, the Securities of such Series will be promptly paid in full when due, whether at
maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Securities of such Series, if any, if lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or
thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 
 (2) in case
of any extension of time of payment or renewal of any Securities of such Series or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at
stated maturity, by acceleration or otherwise. 
 Failing payment when due of any amount so guaranteed or any performance so
guaranteed for whatever reason, the Guarantors of such Series will be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b) The Guarantors hereby agree that their obligations hereunder are unconditional, irrespective of the validity, regularity or
enforceability of the Securities of each Series or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Securities of any Series with respect to any provisions hereof or thereof, the recovery of
any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence, presentment, demand of
payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that this Security Guarantee will
not be discharged except by complete performance of the obligations contained in the Securities of all Series and this Indenture. 

  
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 (c) If any Holder or the Trustee is required by any court or otherwise to return to the
Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or such Holder, this Security Guarantee, to the extent
theretofore discharged, will be reinstated in full force and effect. 
 (d) Each Guarantor agrees that it will not be entitled
to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and
the Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes of this Security Guarantee, notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6 hereof, such obligations (whether or not
due and payable) will forthwith become due and payable by the Guarantors for the purpose of this Security Guarantee. The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not
impair the rights of the Holders under the Security Guarantee. 
 Section 10.02 Limitation on Guarantor Liability.

 Each Guarantor, and by its acceptance of Securities of any Series, each Holder, hereby confirms that it is the intention of
all such parties that the Security Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or
state law to the extent applicable to any Security Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount
that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or
payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in the obligations of such Guarantor under its Security Guarantee not constituting a fraudulent transfer or
conveyance. 
 Section 10.03 Guarantors May Consolidate, Etc., on Certain Terms. 

Except as otherwise provided in this Section 10.03, no Guarantor may sell or otherwise dispose of all or substantially all of its
assets to, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or another Guarantor, unless: 

(a) immediately after giving effect to such transaction, no Default or Event of Default exists; and 

(b) either: 

(1) the Person acquiring the property in any such sale or disposition or the Person formed by or surviving any such consolidation or
merger assumes all the obligations of that Guarantor under this Indenture and its Security Guarantee on the terms set forth herein or therein, pursuant to a supplemental indenture hereto; or 

  
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 (2) in the case of any such sale or disposition (including by way of any such consolidation
or merger), the Net Proceeds of such sale or other disposition are applied in accordance with the applicable provisions of this Indenture. 
 In case of any such consolidation, merger, sale or conveyance and upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee, of the Security Guarantee
and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named
herein as a Guarantor. All the Security Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as the Security Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture
as though all of such Security Guarantees had been issued at the date of the execution hereof. 
 Except as set forth in
Articles 4 and 5 hereof, and notwithstanding clauses (b)(1) and (2) above, nothing contained in this Indenture or in any of the Securities will prevent any consolidation or merger of a Guarantor with or into the Company or another
Guarantor, or will prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the Company or another Guarantor. 
 Section 10.04 Releases. 
 The Security Guarantee of a Guarantor will
be released: 
 (a) in connection with any sale, disposition or transfer of all or substantially all of the assets of that
Guarantor (including by way of merger or consolidation) to a Person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company; 

(b) in connection with any sale, disposition or transfer of all of the Capital Stock of that Guarantor to a Person that is not (either
before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company; 
 (c) if the Company
designates any Restricted Subsidiary that is a Guarantor to be an Unrestricted Subsidiary in accordance with the applicable provisions of this Indenture; 
 (d) upon Legal Defeasance in accordance with Article 8 hereof or satisfaction and discharge of this Indenture in accordance with Article 11 hereof; or 

(e) upon the release of such Guarantor’s guarantee under any Indebtedness requiring such Guarantor to provide a Security Guarantee.

 Any Guarantor not released from its obligations under its Security Guarantee as provided in this Section 10.04 will
remain liable for the full amount of principal of and interest and premium, if any, on the Securities and for the other obligations of any Guarantor under this Indenture as provided in this Article 10. 

  
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 ARTICLE 11 
 SATISFACTION AND DISCHARGE 
 Section 11.01 Satisfaction and
Discharge. 
 This Indenture will be discharged and will cease to be of further effect as to all Securities issued
hereunder, when: 
 (a) either: 
 (1) all Securities that have been authenticated, except lost, stolen or destroyed Securities that have been replaced or paid and Securities for whose payment money has theretofore been deposited in trust
or segregated and held in trust by the Company and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or 
 (2) all Securities that have not been delivered to the Trustee for cancellation have become due and payable by reason of the mailing of a notice of redemption or otherwise or will become due and payable
within one year and the Company or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, non-callable Government Securities, or a
combination thereof, in such amounts as will be sufficient, without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness (including all principal, premium, if any, and interest) on the Securities not delivered
to the Trustee for cancellation; 
 (b) no Default or Event of Default shall have occurred and be continuing on the date of such
deposit or shall occur as a result of such deposit and such deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Company or any Guarantor is a party or by which the Company or any
Guarantor is bound; 
 (c) the Company or any Guarantor has paid or caused to be paid all sums payable by it under this
Indenture; and 
 (d) the Company has delivered irrevocable written instructions to the Trustee under this Indenture to apply
the deposited money toward the payment of the Securities at maturity or on the redemption date, as the case may be. 
 In addition, the Company
must deliver an Officers’ Certificate and an Opinion of Counsel to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied. 
 Notwithstanding the satisfaction and discharge of this Indenture, if money has been deposited with the Trustee pursuant to subclause (2) of clause (a) of this Section 11.01, the provisions
of Sections 11.02 and 8.06 hereof will survive such satisfaction and discharge. In addition, nothing in this Section 11.01 will be deemed to discharge those provisions of Section 7.07 hereof, that, by their terms, survive the satisfaction
and discharge of this Indenture. 

  
 46 









 Section 11.02 Application of Trust Money. 

Subject to the provisions of Section 8.06 hereof, all money deposited with the Trustee pursuant to Section 11.01 hereof shall
be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may
determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee, but such money need not be segregated from other funds except to the extent required by
law. 
 If the Trustee or Paying Agent is unable to apply any money or Government Securities in accordance with
Section 11.01 hereof by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s and any Guarantor’s
obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01 hereof; provided that if the Company has made any payment of principal of, premium, if any,
or interest on, any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or Government Securities held by the Trustee or
Paying Agent. 
 ARTICLE 12 
 SECURITIES IN FOREIGN CURRENCIES 
 Section 12.01 Applicability of
Article. 
 Whenever this Indenture provides for (i) any action by, or the determination of any of the rights of,
Holders of Securities of any Series in which not all of such Securities are denominated in the same currency, or (ii) any distribution to Holders of Securities, in the absence of any provision to the contrary pursuant to this Indenture or the
Securities of any particular Series, any amount in respect of any Security denominated in a Foreign Currency shall be treated for any such action or distribution as that amount of Dollars that could be obtained for such amount on such reasonable
basis of exchange and as of the record date with respect to Securities of such Series (if any) for such action, determination of rights or distribution (or, if there shall be no applicable record date, such other date reasonably proximate to the
date of such action, determination of rights or distribution) as the Company shall specify in a written notice to the Trustee. 

ARTICLE 13 

MISCELLANEOUS 
 Section 13.01 Trust Indenture Act Controls. 
 If any provision of this
Indenture limits, qualifies or conflicts with the duties imposed by TIA § 318(c), the imposed duties will control. 

  
 47 









 Section 13.02 Notices. 

Any notice or communication by the Company, any Guarantor or the Trustee to the others is duly given if in writing and delivered in
Person or by first class mail (registered or certified, return receipt requested), facsimile or electronic PDF transmission or overnight air courier guaranteeing next day delivery, to the others’ address: 

If to the Company and/or any Guarantor: 
 Dresser-Rand Group Inc. 
 West8 Tower, Suite 1000 

10205 Westheimer Rd. 
 Houston, Texas 77042 
 Facsimile No.: (713) 935-3800 

Attention: Chief Financial Officer 
 With a copy to: 
 Gibson, Dunn & Crutcher LLP 

200 Park Avenue 

New York, NY 10166-0193 
 Phone: (212) 351-4000 
 Facsimile No.: (212) 351-4035 

Attention: Aaron Adams 
 If to the Trustee: 
 Wilmington Trust, National Association 

Rodney Square North 
 1100 N. Market Street 
 Wilmington, DE 19890 – 0001 

Facsimile No.: (302) 636-4145 
 Attention: Corporate Capital Market Services, 
 Ref. Dresser Rand Group Inc.

 The Company, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for
subsequent notices or communications. 
 All notices and communications (other than those sent to Holders) will be deemed to
have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after
timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 
 Any notice or communication
to a Holder will be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication
will also be so mailed to any Person described in TIA § 313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders:


  
 48 









 If a notice or communication is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives it. 
 If the Company mails a notice or communication to
Holders, it will mail a copy to the Trustee and each Agent at the same time. All notices sent to DTC shall be delivered in accordance with the Applicable Procedures of the Depositary. 

Section 13.03 Communication by Holders of Securities with Other Holders of Securities. 

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

Section 13.04 Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (a) an Officers’ Certificate in form and substance reasonably satisfactory to the Trustee (which must include
the statements set forth in Section 13.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied; and 

(b) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee (which must include the statements set forth in
Section 13.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied. 
 Section 13.05 Statements Required in Certificate or Opinion. 
 Each
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA § 314(a)(4)) must comply with the provisions of TIA § 314(e) and
must include: 
 (a) a statement that the Person making such certificate or opinion has read such covenant or condition;

 (b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of such Person, he or she has made
such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 
 (d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been satisfied. 

  
 49 









 Section 13.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 13.07 No Personal Liability of Directors, Officers,
Employees and Stockholders. 
 No past, present or future director, manager, officer, employee, incorporator, stockholder or
member of the Company or any Subsidiary, as such, will have any liability for any obligations of the Company or the Guarantors under the Securities, this Indenture, the Security Guarantees or for any claim based on, in respect of, or by reason of,
such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. This waiver may not be effective to waive
liabilities under the federal securities laws. 
 Section 13.08 No Adverse Interpretation of Other Agreements.

 This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary. Any
such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 13.09 Governing Law;
Waiver of Jury Trial. 
 THIS INDENTURE, THE SECURITIES OF EACH SERIES AND THE SECURITY GUARANTEES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT
OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. 
 Section 13.10
Successors. 
 All agreements of the Company in this Indenture and the Securities will bind its successors. All
agreements of the Trustee in this Indenture will bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 10.03 hereof. 

Section 13.11 Severability. 
 In case any provision in this Indenture or in the Securities of a Series is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be
affected or impaired thereby. 

  
 50 









 Section 13.12 Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together represent the
same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original
Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 
 Section 13.13 Table of Contents, Headings, Etc.. 
 The Table of
Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the
terms or provisions hereof. 
 Section 13.14 U.S.A. Patriot Act. 

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

Section 13.15 Force Majeure. 
 In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its
control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,
communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under
the circumstances. 
 [Signatures on following page] 

  
 51 









 Dated as of
                     
  

			
	SIGNATURES
	
	DRESSER-RAND GROUP INC.
		
	By: 	 	 


 
			
	Name:	 	
	Title:	 	



  
 S-1










			
	WILMINGTON TRUST, NATIONAL
ASSOCIATION, as Trustee
		
	By: 	 	 


 
			
	Name:	 	
	Title:	 	



  
 S-2









 EXHIBIT A 
 [Face of Security] 
 THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED IN
THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE
REQUIRED PURSUANT TO SECTION 2.06 OF THE INDENTURE, (2) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION
PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (4) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 A-1










	 No.                      
	
CUSIP/ISIN No.:                   
   


 [Title of Security] 
 DRESSER-RAND GROUP INC. 
 a Delaware corporation 

 

					
	 promises to pay to 
	  	 	 	 or registered assigns


							
				
	 the principal sum of 
	  	 	 	[Dollars]* on	  	 


							
				
	 Interest Payment Dates: 
	  	 	 	and    	  	 


							
				
	 Record Dates: 
	  	 	 	and    	  	 

  

							
	Authenticated:	 		 	Dated:
			
		 		 	DRESSER-RAND GROUP INC.
				
		 		 	By:	 	  

		 		 		 	Title:
		 		 		 	


[                    ], as Trustee, certifies that

 this is one of the Securities referred to in the within 
 mentioned Indenture. 
  

			
		
	By:	 	 
		 	Authorized Signatory

  
  

	*	Or other currency. Insert corresponding provisions on reverse side of Security in respect of foreign currency denomination or interest payment requirement.



  
 A-2









 Dated:
                     
 This is one
of the Securities referred to 
 in the within-mentioned Indenture: 
 Wilmington Trust, National Association, 
 as Trustee 

 

			
		
	By:	 	  

		 	Authorized Signatory


  
 A-3









 [Back of Security] 
 [Title of Security] 
 Capitalized terms used herein have the meanings assigned to
them in the Indenture referred to below unless otherwise indicated. 
 (1) INTEREST. Dresser-Rand Group Inc., a Delaware
corporation (the “Company”), promises to pay interest on the principal amount of this Security at              per annum from
                     until maturity. The Company will pay interest semi-annually in arrears on
                     and                      of
each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). Interest on the Securities will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from                      until the principal hereof is due. The first Interest Payment Date shall be
                    . The Company will pay interest on overdue principal at the rate borne by the Securities, and it shall pay interest on overdue
installments of interest at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 (2) METHOD OF PAYMENT. The Company will pay interest on the Securities (except defaulted interest) to the Persons who are registered Holders of Securities at the close of business on the
                     or                      next
preceding the Interest Payment Date, even if such Securities are canceled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. If a Holder
has given wire transfer instructions to the Paying Agent on behalf of the Company, the Paying Agent will remit all principal, interest and premium, if any, on that Holder’s Securities in accordance with these instructions. All other payments on
the Securities will be made by mailing a check to the registered address of each Holder thereof. Such payment will be 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. 
 (3) PAYING AGENT AND REGISTRAR. Initially,
                    , as the Trustee, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to
any Holder. The Company or any of its Subsidiaries may act in any such capacity. 
 (4) INDENTURE. The Company issued the
Securities under an Indenture dated as of                      (the “Indenture”) among the Company, the Guarantors and the Trustee.
The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the TIA. Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Securities
are subject to all the terms and provisions of the Indenture, and Holders are referred to the Indenture and the TIA for a statement of such terms. To the extent any provision of this Security conflicts with the express provisions of the Indenture,
the provisions of the Indenture shall govern and be controlling. 
 The Securities are
                     obligations of the Company. This Security is one of the Securities referred to in the Indenture. The Securities include the
initial Securities 

  
 A-4









 
issued on the Issue Date, any additional Securities issued thereafter and any Securities issued in exchange for initial Securities or additional Securities pursuant to the Indenture. The initial
Securities, any additional Securities and any exchange Securities are treated as a single class of securities under the Indenture. The Indenture imposes certain limitations on the ability of the Company and its Restricted Subsidiaries including,
among other things, on the ability of the Company and its Restricted Subsidiaries to consolidate or merge with or into any other Person or convey, transfer or lease all or substantially all of its property. 

To guarantee the due and punctual payment of the principal and interest on the Securities and all other amounts payable by the Company
under the Indenture and the Securities when and as the same shall be due and payable, whether at maturity, by acceleration or otherwise, according to the terms of the Securities and the Indenture, the Guarantors have, jointly and severally,
unconditionally guaranteed the Obligations of the Company under the Securities pursuant to the terms of the Indenture. 
 (5)
OPTIONAL REDEMPTION. Subject to the exceptions set forth in the Indenture, the Company will not have the option to redeem the Securities prior to
                    . On or after
                    , the Company may redeem all or a part of the Securities, upon not less than 30 nor more than 60 days’ notice, at the
redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest on the Securities to be redeemed, to, but not including, the applicable redemption date, if redeemed during the twelve-month period
beginning on                      of the years indicated below, subject to the rights of Holders on the relevant record date to receive interest on
the relevant interest payment date: 
  

			
	 Year
	  	 Percentage

	[                    ]	  	[    ]
	[                    ]	  	[    ]
	[                    ]	  	[    ]
	[                    ]	  	[    ]

 Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on the
Securities or portions thereof called for redemption on the applicable redemption date. 
 (6) MANDATORY
REDEMPTION. The Company is not required to make mandatory redemption or sinking fund payments with respect to the Securities. 
 (7) NOTICE OF REDEMPTION. Notice of redemption will be mailed by first class mail at least 30 days but not more than 60 days before the redemption date to each Holder whose Securities are to be
redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Securities or a satisfaction or discharge of the Indenture.
Securities in denominations larger than $         may be redeemed in part but only in whole multiples of $         thereafter. 

  
 A-5









 (8) DENOMINATIONS, TRANSFER, EXCHANGE. The Securities are in registered form without
coupons in denominations of $         and integral multiples of $         in excess thereof. The transfer of Securities may be registered and Securities may be exchanged
as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or
permitted by the Indenture. The Company need not exchange or register the transfer of any Security or portion of a Security selected for redemption, except for the unredeemed portion of any Security being redeemed in part. Also, the Company need not
exchange or register the transfer of any Securities for a period of 15 days before a selection of Securities to be redeemed or during the period between a record date and the corresponding Interest Payment Date. 

(9) PERSONS DEEMED OWNERS. The registered Holder of a Security may be treated as its owner for all purposes. 

(10) AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions set forth in Section 9.01 of the Indenture, the
Indenture or the Securities or the Security Guarantees may be amended or supplemented with the consent of the Company and Holders of at least a majority in aggregate principal amount of the then outstanding Securities, including additional
Securities, if any, voting as a single class, and any existing Default or Event or Default or compliance with any provision of the Indenture or the Securities or the Security Guarantees may be waived with the consent of the Holders of a majority in
aggregate principal amount of the then outstanding Securities, including additional Securities, if any, voting as a single class. 
 (11) DEFAULTS AND REMEDIES. If any Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then outstanding Securities may declare
all the Securities to be due and payable immediately. Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy or insolvency with respect to the Company, any Restricted Subsidiary of the Company
that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary, all outstanding Securities will become due and payable immediately without further action or
notice. Holders may not enforce the Indenture or the Securities except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding Securities may direct the Trustee in its
exercise of any trust or power. The Holders of a majority in aggregate principal amount of the then outstanding Securities by written notice to the Trustee may, on behalf of the Holders of all of the Securities, rescind an acceleration or waive any
existing Default or Event of Default and its consequences under the Indenture except a continuing Default or Event of Default in the payment of interest or premium, if any, on, or the principal of, the Securities. The Company is required to deliver
to the Trustee annually a statement regarding compliance with the Indenture, and the Company is required, promptly upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of
Default. 
 (12) DISCHARGE AND DEFEASANCE. Subject to certain conditions, the Company at any time may terminate some or
all of its obligations under the Securities, the 

  
 A-6









 
Security Guarantees and the Indenture if the Company deposits with the Trustee money or Government Securities for the payment of principal of and interest on the Securities to redemption or
maturity, as the case may be. 
 (13) TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any other capacity, may
make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

(14) NO RECOURSE AGAINST OTHERS. A director, manager, officer, employee, incorporator, member or stockholder of the Company or any
Subsidiary, as such, will not have any liability for any obligations of the Company or the Guarantors under the Securities, the Security Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities. 
 (15) AUTHENTICATION. This Security will not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 

(16) ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in
common), TEN ENT (= tenants by the entireties), IT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

(17) CUSIP NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Company has caused CUSIP numbers to be printed on the Securities, and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the
Securities or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 
 (18) GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THIS SECURITY AND THE SECURITY GUARANTEES. 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to:

 Dresser-Rand Group Inc. 
 West8 Tower, Suite 1000 
 10205 Westheimer Rd. 

Houston, Texas 77042 
 Attention: Chief Financial Officer 

  
 A-7









 ASSIGNMENT FORM 
 To assign this Security, fill in the form below: 
  

			
	 (I) or (we) assign and transfer this Security to: 
	  	 
		  	(Insert assignee’s legal name)

  
   

 
 (Insert assignee’s Soc. Sec.
or tax I.D. no.) 
  
   

 
  
   
  
  

  
  

 
   

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

							
	and irrevocably appoint	 	  

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

  

							
	Date:                         	 		 	
		 		 	
		 		 	Your Signature: 	 	  

		 		 		 	 (Sign exactly as your name

appears on the face of this Security)

	Signature Guarantee:
                                        
	 		 		 	


  
 A-8









 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL SECURITY 

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

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


  
 A-9