Exhibit
4.8


 


 


 


 


 


 


 


INDENTURE

between

Movano Inc.

and

[________]

TRUSTEE


 


Dated
as of [________]


 


Providing
for Issuance of

Debt Securities in Series


 


 


 


 


 


 


 


 





 



 






     


     

    

 


Reconciliation
and tie between Indenture, dated as of ______________, and the Trust Indenture Act of 1939, as amended.


 


	Trust
    Indenture Act of 1939 Section	 	Indenture
    Section
	310(a)(1)	 	6.11
	(a)(2)	 	6.11
	(a)(3)	 	TIA
	(a)(4)	 	Not
    Applicable
	(a)(5)	 	TIA
	(b)	 	6.9;
    6.11; TIA
	 	 	 
	311(a)	 	TIA
	(b)	 	TIA
	 	 	 
	312(a)	 	6.7
	(b)	 	TIA
	(c)	 	TIA
	 	 	 
	313(a)	 	6.6;
    TIA
	(b)	 	TIA
	(c)	 	6.6;
    TIA
	(d)	 	6.6
	 	 	 
	314(a)	 	9.6;
    TIA
	(b)	 	Not
    Applicable
	(c)(1)	 	1.2
	(c)(2)	 	1.2
	(c)(3)	 	Not
    Applicable
	(d)	 	Not
    Applicable
	(e)	 	1.2
	(f)	 	TIA
	 	 	 
	315(a)	 	TIA
	(b)	 	6.5
	(c)	 	6.1
	(d)(1)	 	TIA
	(d)(2)	 	TIA
	(d)(3)	 	TIA
	(e)	 	TIA



 






     


     

    

 





	 	 	 
	316(a)(1)(A)	 	5.8
	(a)(1)(B)	 	5.7
	(b)	 	5.2;
    5.3; 5.10
	(c)	 	TIA
	 	 	 
	317(a)(1)	 	5.3
	(a)(2)	 	5.4
	(b)	 	9.3
	 	 	 
	318(a)	 	1.11
	(b)	 	TIA
	(c)	 	1.11;
    TIA
	 	 	 


 


Note:
This Cross-Reference Table shall not, for any purpose, be deemed to be part of the Indenture.


 






     


     

    

 


Table
of Contents


 


	 	Page
	Article I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	1
	 	 
	Section 1.1. DEFINITIONS	1
	Section 1.2. COMPLIANCE CERTIFICATES AND OPINIONS	8
	Section 1.3. FORM OF DOCUMENTS DELIVERED TO TRUSTEE	8
	Section 1.4. ACTS OF HOLDERS	9
	Section 1.5. NOTICES, ETC., TO TRUSTEE AND COMPANY	10
	Section 1.6. NOTICE TO HOLDERS; WAIVER	11
	Section 1.7. HEADINGS AND TABLE OF CONTENTS	12
	Section 1.8. SUCCESSOR AND ASSIGNS	12
	Section 1.9. SEPARABILITY	12
	Section 1.10. BENEFITS OF INDENTURE	12
	Section 1.11. GOVERNING LAW	12
	Section 1.12. WAIVER OF JURY TRIAL	13
	Section 1.13. LEGAL HOLIDAYS	13
	Section 1.14. NO RECOURSE AGAINST OTHERS	13
	 	 
	Article II SECURITY FORMS	13
	 	 
	Section 2.1. FORMS GENERALLY	13
	Section 2.2. FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION	14
	Section 2.3. SECURITIES IN GLOBAL FORM	14
	Section 2.4. FORM OF LEGEND FOR SECURITIES IN GLOBAL FORM	15
	 	 
	Article III THE SECURITIES	15
	 	 
	Section 3.1. AMOUNT UNLIMITED; ISSUABLE IN SERIES	15
	Section 3.2. DENOMINATIONS	19
	Section 3.3. EXECUTION, AUTHENTICATION, DELIVERY AND DATING	19
	Section 3.4. TEMPORARY SECURITIES	21
	Section 3.5. REGISTRATION, TRANSFER AND EXCHANGE	22
	Section 3.6. REPLACEMENT SECURITIES	24
	Section 3.7. PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED	25
	Section 3.8. PERSONS DEEMED OWNERS	26
	Section 3.9. CANCELLATION	26
	Section 3.10. COMPUTATION OF INTEREST	27
	Section 3.11. CURRENCY AND MANNER OF PAYMENT IN RESPECT OF SECURITIES	27
	Section 3.12. APPOINTMENT AND RESIGNATION OF EXCHANGE RATE AGENT	31
	Section 3.13. WIRE TRANSFERS	32
	Section 3.14. CUSIP NUMBERS AND ISINS	32


 



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	Article IV SATISFACTION, DISCHARGE AND DEFEASANCE	32
	 	 
	Section 4.1. TERMINATION OF COMPANY’S OBLIGATIONS UNDER THE INDENTURE	32
	Section 4.2. APPLICATION OF TRUST FUNDS	33
	Section 4.3. APPLICABILITY OF DEFEASANCE PROVISIONS; COMPANY’S OPTION TO EFFECT DEFEASANCE OR COVENANT DEFEASANCE	34
	Section 4.4. DEFEASANCE AND DISCHARGE	34
	Section 4.5. COVENANT DEFEASANCE	34
	Section 4.6. CONDITIONS TO DEFEASANCE OR COVENANT DEFEASANCE	35
	Section 4.7. DEPOSITED MONEY AND GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST	36
	Section 4.8. REPAYMENT TO COMPANY	37
	Section 4.9. INDEMNITY FOR GOVERNMENT OBLIGATIONS	37
	 	 
	Article V DEFAULTS AND REMEDIES	37
	 	 
	Section 5.1. EVENTS OF DEFAULT	37
	Section 5.2. ACCELERATION; RESCISSION AND ANNULMENT	38
	Section 5.3. COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE	39
	Section 5.4. TRUSTEE MAY FILE PROOFS OF CLAIM	39
	Section 5.5. TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES	39
	Section 5.6. DELAY OR OMISSION NOT WAIVER	39
	Section 5.7. WAIVER OF PAST DEFAULTS	40
	Section 5.8. CONTROL BY MAJORITY	40
	Section 5.9. LIMITATION ON SUITS BY HOLDERS	40
	Section 5.10. RIGHTS OF HOLDERS TO RECEIVE PAYMENT	41
	Section 5.11. APPLICATION OF MONEY COLLECTED	41
	Section 5.12. RESTORATION OF RIGHTS AND REMEDIES	42
	Section 5.13. RIGHTS AND REMEDIES CUMULATIVE	42
	 	 
	Article VI THE TRUSTEE	43
	 	 
	Section 6.1. DUTIES AND RESPONSIBILITIES OF TRUSTEE; RELIANCE ON DOCUMENTS, OPINIONS, ETC	43
	Section 6.2. TRUSTEE, PAYING AGENTS, CONVERSION AGENTS OR REGISTRAR MAY HOLD SECURITIES	46
	Section 6.3. MONIES TO BE HELD IN TRUST	46
	Section 6.4. NO RESPONSIBILITIES FOR RECITALS, ETC	47
	Section 6.5. NOTICE OF DEFAULTS	47
	Section 6.6. REPORTS BY TRUSTEE TO HOLDERS	47
	Section 6.7. SECURITY HOLDER LISTS	47
	Section 6.8. COMPENSATION AND INDEMNITY	48
	Section 6.9. SEPARATE TRUSTEE; REPLACEMENT OF TRUSTEE	48



 






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	Section 6.10. ACCEPTANCE OF APPOINTMENT BY SUCCESSOR	50
	Section 6.11. ELIGIBILITY; DISQUALIFICATION	51
	Section 6.12. MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS	51
	Section 6.13. APPOINTMENT OF AUTHENTICATING AGENT	52
	 	 
	Article VII CONSOLIDATION, MERGER OR SALE BY THE COMPANY	53
	 	 
	Section 7.1. CONSOLIDATION, MERGER OR SALE OF ASSETS	53
	 	 
	Article VIII SUPPLEMENTAL INDENTURES	53
	 	 
	Section 8.1. SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS	53
	Section 8.2. WITH CONSENT OF HOLDERS	55
	Section 8.3. COMPLIANCE WITH TRUST INDENTURE ACT	56
	Section 8.4. EXECUTION OF SUPPLEMENTAL INDENTURES	56
	Section 8.5. EFFECT OF SUPPLEMENTAL INDENTURES	56
	Section 8.6. REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES	56
	 	 
	Article IX COVENANTS	57
	 	 
	Section 9.1. PAYMENT OF PRINCIPAL, PREMIUM, IF ANY, AND INTEREST	57
	Section 9.2. MAINTENANCE OF OFFICE OR AGENCY	57
	Section 9.3. MONEY FOR SECURITIES TO BE HELD IN TRUST; UNCLAIMED MONEY	57
	Section 9.4. CORPORATE EXISTENCE	58
	Section 9.5. REPORTS BY THE COMPANY	58
	Section 9.6. ANNUAL REVIEW CERTIFICATE	59
	 	 
	Article X REDEMPTION	59
	 	 
	Section 10.1. APPLICABILITY OF ARTICLE	59
	Section 10.2. ELECTION TO REDEEM; NOTICE TO TRUSTEE	59
	Section 10.3. SELECTION OF SECURITIES TO BE REDEEMED	60
	Section 10.4. NOTICE OF REDEMPTION	60
	Section 10.5. DEPOSIT OF REDEMPTION PRICE	61
	Section 10.6. SECURITIES PAYABLE ON REDEMPTION DATE	62
	Section 10.7. SECURITIES REDEEMED IN PART	62
	 	 
	Article XI SINKING FUNDS	62
	 	 
	Section 11.1. APPLICABILITY OF ARTICLE	62
	Section 11.2. SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES	63
	Section 11.3. REDEMPTION OF SECURITIES FOR SINKING FUND	63


 






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INDENTURE,
dated as of [●], between Movano Inc., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”),
and [●], as trustee, a national banking association organized and existing under the laws of the United States of America, as trustee
(the “Trustee”).


 


RECITALS


 


The
Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debentures,
notes or other evidences of indebtedness (“Securities”) to be issued in one or more series as herein provided.


 


For
and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed
as follows for the equal and ratable benefit of the Holders of the Securities or of any series thereof:


 


Article
I



DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION


 


Section
1.1. DEFINITIONS. For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires:


 


(1) 
the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular;


 


(2) 
all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein;


 


(3) 
all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting
principles; and


 


(4) 
the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture
as a whole and not to any particular Article, Section or other subdivision.


 


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


 


“Agent”
means any Paying Agent or Registrar.


 


“Authenticating
Agent” means any authenticating agent appointed by the Trustee pursuant to Section 6.13.


 






     


     

    

 


“Board”
or “Board of Directors” means the Board of Directors of the Company or any duly authorized committee thereof to act on behalf
of the Board.


 


“Board
Resolution” means a copy of one or more resolutions of the Board of Directors, certified by the Corporate Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of the certificate.


 


“Business
Day”, when used with respect to any Place of Payment or any other particular location referred to in this Indenture or in the Securities,
means, unless otherwise specified with respect to any Securities pursuant to Section 3.1, each Monday, Tuesday, Wednesday, Thursday and
Friday which is not a day on which banking institutions in that Place of Payment or particular location are authorized or required by
law to be closed, except as may otherwise be provided in the form of Security of any particular series pursuant to the provisions of
this Indenture.


 


“Commission”
means the U.S. Securities and Exchange Commission, as from time to time constituted, or, if at any time after the execution of this Indenture
such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing
such duties at such time.


 


“Common
Stock” means the shares of common stock, $0.001 par value per share, of the Company.


 


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


 


“Company
Order” and “Company Request” mean, respectively, a written order or request signed in the name of the Company by the
President, the Chief Executive Officer, the Chief Financial Officer, any Vice President, the Treasurer or the Corporate Secretary of
the Company.


 


“Corporate
Trust Office” means the corporate trust office of the Trustee at which at any particular time this Indenture shall be principally
administered, which office at the date hereof is located at [●].


 


“Currency
unit”, for all purposes of this Indenture, shall include any composite currency.


 


“Default”
means any event which is, or after notice or passage of time, or both, would be, an Event of Default.


 


“Depository”,
when used with respect to the Securities of or within any series issuable or issued in whole or in part in global form, means the Person
designated as Depository by the Company pursuant to Section 3.1 until a successor Depository shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter shall mean or include each Person which is then a Depository hereunder, and if at any time
there is more than one such Person, shall be a collective reference to such Persons.


 






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“Dollar”
or “$” means the coin or currency of the United States as at the time of payment is legal tender for the payment of public
and private debts.


 


“Euro”
means the lawful currency of the participating member states of the European Union that adopt a single currency in accordance with the
Treaty establishing the European Community, as amended by the Treaty on European Union signed February 7, 1992.


 


“Foreign
Currency” shall mean any currency issued by the government or governments of one or more countries other than the United States
or by any recognized confederation or association of such governments and shall include the Euro.


 


“Government
Obligations” means securities which are (i) direct obligations of the United States or, if specified as contemplated by Section
3.1, the government which issued the currency in which the Securities of a particular series are payable, for the payment of which its
full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality
of the United States or, if specified as contemplated by Section 3.1, such government which issued the foreign currency in which the
Securities of such series are payable, for the payment of which the full faith and credit of the United States or such other government
is pledged (whether by guaranty or otherwise), which, in either case, are not callable or redeemable at the option of the issuer thereof,
and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation
or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder
of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount
payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation evidenced
by such depository receipt.


 


“Holder”
means a person in whose name a Registered Security is registered on the Register.


 


“Indenture”
means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental
indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental
indenture, respectively; provided, however, that if at any time more than one Person is acting as Trustee under this Indenture due to
the appointment of one or more separate Trustees for any one or more separate series of Securities, “Indenture” shall mean,
with respect to such series of Securities for which any such Person is Trustee, this instrument as originally executed or as it may from
time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions
hereof, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such Person is not
Trustee, regardless of when such terms or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or
more indentures supplemental hereto executed and delivered after such Person had become such Trustee, but to which such Person, as such
Trustee, was not a party; provided further that in the event that this indenture is supplemented or amended by one or more indentures
supplemental hereto which are only applicable to certain series of Securities, the term “Indenture” for a particular series
of Securities shall only include the supplemental indentures applicable thereto.


 






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“Indexed
Security” means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more
or less than the principal face amount thereof at original issuance.


 


“Interest”,
when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable
after Maturity.


 


“Interest
Payment Date”, when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security.


 


“Maturity”,
when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes
due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption
or otherwise.


 


“Officer”
means the President, Chairman of the Board, the Chief Executive Officer, the Chief Operating Officer, the Chief Financial Officer the
Treasurer, any Assistant Treasurer, the Controller, any Vice President (whether or not designated by a number or numbers or word or words
added before the title “Vice President”), or the Corporate Secretary of the Company.


 


“Officer’s
Certificate” means a certificate signed by an Officer of the Company.


 


“Opinion
of Counsel” means a written opinion of legal counsel, who may be, without limitation, (a) an employee of the Company, or (b) outside
counsel designated by the Company.


 


“Original
Issue Discount Security” means any Security which provides for an amount less than the stated principal amount thereof to be due
and payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.2.


 


“Outstanding”,
when used with respect to Securities of any series, means, as of the date of determination, all Securities of such series theretofore
authenticated and delivered under this Indenture, except:


 


(i) 
Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;


 


(ii) 
Securities, or portions thereof, for whose payment or redemption money or Government Obligations in the necessary amount has been theretofore
deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company
(if the Company shall act as its own Paying Agent) for the Holders of such Securities, provided that, if such Securities are to be redeemed,
notice of such redemption has been duly given pursuant to this Indenture or provisions therefor satisfactory to the Trustee have been
made;


 






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(iii) 
Securities, except to the extent provided in Sections 4.4 and 4.5, with respect to which the Company has effected defeasance and/or covenant
defeasance as provided in Article IV; and


 


(iv) 
Securities which have been paid pursuant to Section 3.6 or in exchange for or in lieu of which other Securities have been authenticated
and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee
proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations
of the Company; provided, however, that unless otherwise provided with respect to Securities of any series pursuant to Section 3.1, in
determining whether the Holders of the requisite principal amount of the Outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, or whether sufficient funds are available for redemption or for any other purpose, and
for the purpose of making the calculations required by section 313 of the Trust Indenture Act or are present at a meeting of Holders
for quorum purposes, (w) the principal amount of any Original Issue Discount Securities that may be counted in making such determination
or calculation and that shall be deemed to be Outstanding for such purpose shall be equal to the amount of principal thereof that would
be (or shall have been declared to be) due and payable, at the time of such determination, upon a declaration of acceleration of the
maturity thereof pursuant to Section 5.2, (x) the principal amount of any Security denominated in one or more Foreign Currencies or currency
units that may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose shall be
equal to the Dollar equivalent, determined as of the date such Security is originally issued by the Company as set forth in an Exchange
Rate Officer’s Certificate delivered to the Trustee, of the principal amount (or, in the case of an Original Issue Discount Security,
the Dollar equivalent, determined as of such date of original issuance, of the amount determined as provided in clause (w) above) of
such Security, (y) unless otherwise provided with respect to such Security pursuant to Section 3.1, the principal amount of any Indexed
Security that may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose shall
be equal to the principal face amount of such Indexed Security at original issuance, and (z) Securities owned by the Company or any other
obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in making such calculation or in relying upon any such request, demand,
authorization, direction, notice, consent or waiver, or determination as to the presence of a quorum, only Securities which a Responsible
Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith
may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with
respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company
or of such other obligor.


 


“Paying
Agent” means any Person authorized by the Company to pay the principal of, premium, if any, or interest and any other payments
on all or any of the series of Securities on behalf of the Company.


 


“Periodic
Offering” means an offering of Securities of a series from time to time the specific terms of which such Securities, including,
without limitation, the rate or rates of interest or formula for determining the rate or rates of interest thereon, if any, the Maturity
thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Company upon the issuance of such Securities.


 






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“Person”
means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated
organization or government or any agency or political subdivision thereof or any other entity.


 


“Place
of Payment”, when used with respect to the Securities of or within any series, means the place or places where the principal of,
premium, if any, and interest and any other payments on such Securities are payable as specified as contemplated by Sections 3.1 and
9.2.


 


“Predecessor
Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced
by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in
exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated,
destroyed, lost or stolen Security.


 


“Preferred
Stock” as applied to the capital stock of the Company means capital stock of any class or classes (however designated) which is
preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution
of the Company, over shares of Common Stock of such corporation.


 


“Redemption
Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture.


 


“Redemption
Price”, when used with respect to any Security to be redeemed, in whole or in part, means the price at which it is to be redeemed
pursuant to this Indenture.


 


“Registered
Security” means any Security issued hereunder and registered as to principal and interest in the Register.


 


“Regular
Record Date” for the interest payable on any Interest Payment Date on the Securities of or within any series means the date specified
for that purpose as contemplated by Section 3.1, which date shall be, unless otherwise specified pursuant to Section 3.1, the fifteenth
day preceding such Interest Payment Date, whether or not such day shall be a Business Day.


 


“Responsible
Officer”, when used with respect to the Trustee, shall mean any senior vice president, vice president, any assistant vice president
or assistant secretary working in its corporate trust department and assigned responsibility for this engagement, or any other officer
of the Trustee customarily performing functions similar to those performed by the persons who at the time shall be such officers, respectively,
working in its corporate trust department and assigned responsibility for this engagement, or to whom any corporate trust matter relating
to the Indenture or the Securities is referred because of his knowledge of and familiarity with a particular subject.


 


“Security”
or “Securities” has the meaning stated in the first recital of this Indenture and more particularly means a Security or Securities
of the Company issued, authenticated and delivered under this Indenture.


 






    6


     

    

 


“Special
Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.7.


 


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


 


“Subsidiary”
means any Person of which the Company at the time owns or controls, directly or indirectly, more than 50% of the shares of outstanding
stock or other equity interests having general voting power under ordinary circumstances to elect a majority of the Board of Directors,
managers or trustees, as the case may be, of such Person (irrespective of whether or not at the time stock of any other class or classes
or other equity interests of such corporation shall have or might have voting power by reason of the happening of any contingency).


 


“Trust
Indenture Act” means the Trust Indenture Act of 1939 as in effect on the date of this Indenture, except as provided in Section
8.3.


 


“Trustee”
means the party named as such in the first paragraph of this Indenture until a successor Trustee replaces it pursuant to the applicable
provisions of this Indenture, and thereafter means such successor Trustee and if, at any time, there is more than one Trustee, “Trustee”
as used with respect to the Securities of any series shall mean the Trustee with respect to the Securities of that series.


 


“United
States” means, unless otherwise specified with respect to the Securities of any series as contemplated by Section 3.1, the United
States of America (including the States and the District of Columbia), its territories, its possessions and other areas subject to its
jurisdiction.


 


“U.S.
Person” means, unless otherwise specified with respect to the Securities of any series as contemplated by Section 3.1, an individual
citizen or resident of the United States, a corporation created or organized in or under the laws of the United States, any State thereof
or the District of Columbia, or a partnership, estate or trust treated as a domestic partnership, estate or trust for United States federal
income tax purposes.


 






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(b) 
The following terms shall have the meanings specified in the Sections referred to opposite such term below:


 


	Term	 	Section
    
	 	 	 
	“Act”	 	1.4(a)
	“Bankruptcy
    Law”	 	5.1
	“Component
    Currency”	 	3.11(h)
	“Conversion
    Date”	 	3.11(d)
	“Conversion
    Event”	 	3.11(h)
	“Custodian”	 	5.1
	“Defaulted
    Interest”	 	3.7(b)
	“Election
    Date”	 	3.11(h)
	“Event
    of Default”	 	5.1
	“Exchange
    Rate Agent”	 	3.11(h)
	“Exchange
    Rate Officer’s Certificate”	 	3.11(h)
	“Market
    Exchange Rate”	 	3.11(h)
	“Register”	 	3.5
	“Registrar”	 	3.5
	“Specified
    Amount”	 	3.11(h)
	“Valuation
    Date”	 	3.11(c)


 


Section
1.2. COMPLIANCE CERTIFICATES AND OPINIONS. Upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent,
if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that
in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any application
or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such
particular application or request, no additional certificate or opinion need be furnished.


 


Every
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant to
Sections 2.3) shall include:


 


(1) 
a statement that the individual signing such certificate or opinion has read such condition or covenant and any definitions in this Indenture
that are used in such certificate or opinion;


 


(2) 
a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based;


 


(3) 
a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him
to express an informed opinion as to whether or not such condition or covenant has been complied with; and


 


(4) 
a statement as to whether, in the opinion of such individual, such condition or covenant has been complied with.


 


Section
1.3. FORM OF DOCUMENTS DELIVERED TO TRUSTEE. In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person,
or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some
matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters
in one or several documents.


 






    8


     

    

 


Any
certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion
of, or representations by, counsel, unless such officer knows that the certificate or opinion or representations with respect to the
matters upon which his certificate or opinion is based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar
as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating
that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows that the certificate
or opinion or representations as to such matters are erroneous.


 


Any
certificate or opinion of an officer of the Company or of counsel may be based, insofar as it relates to accounting matters, upon a certificate
or opinion of or representations by an accountant or firm of accountants in the employ of the Company, unless such officer or counsel,
as the case may be, knows that the certificate or opinions or representations as to such accounting matters are erroneous.


 


Where
any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other
instruments under this Indenture, they may, but need not, be consolidated and form one instrument.


 


Section
1.4. ACTS OF HOLDERS. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture
to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by
such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company.
Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such
agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner
provided in this Section.


 


(a) 
The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that
the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting
in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority.
The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be
proved in any other manner which the Trustee deems sufficient.


 


(b) 
The ownership of Registered Securities shall be proved by the Register (as defined in Section 3.5 below).


 


(c) 
Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future
Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor
or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether
or not notation of such action is made upon such Security.


 






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(d) 
If the Company shall solicit from the Holders of any series any request, demand, authorization, direction, notice, consent, waiver or
other Act, the Company may, at its option, fix in advance a record date for the determination of Holders of such series entitled to give
such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do
so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given
before or after such record date, but only the Holders of such series of record at the close of business on such record date shall be
deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities of such series
have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for
that purpose the Outstanding Securities of such series shall be computed as of such record date; provided that no such authorization,
agreement or consent by the Holders on such record date shall be deemed effective unless taken on or prior to the applicable Expiration
Date (as defined below) by Holders of the requisite amount of Outstanding Securities of such series on such record date. Nothing in this
paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously
been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be
cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the
requisite amount of Outstanding Securities of any series on the date such action is taken. Promptly after any record date is set pursuant
to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable
Expiration Date to be given to the Trustee in writing and to each Holder of Securities in the manner set forth in Section 1.6.


 


With
respect to any record date set pursuant to this Section 1.4, the Company may designate any date as the “Expiration Date”
and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless
notice of the proposed new Expiration Date is given to the Trustee, and to each Holder of Securities of the applicable series in the
manner set forth in Section 1.6 on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to
any record date pursuant to this Section, the Company shall be deemed to have initially designated the 180th day after such record date
as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding
the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date.


 


(e) 
Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do
so with regard to all or any part of the principal amount of such Security or by one or more duly appointed agents, each of which may
do so pursuant to such appointment with regard to all or any part of such principal amount.


 


(f) 
The Company and the Trustee may make reasonable rules for action by or at a meeting of Holders.


 


Section
1.5. NOTICES, ETC., TO TRUSTEE AND COMPANY. Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders
or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with:


 


if
to the Company:


 


Movano
Inc.

6800 Koll Center Parkway


Pleasanton,
CA 94566


Attention:
Chief Executive Officer


 


if
to the Trustee:


 


[●]


 






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Notices
to the Trustee are deemed given only upon actual receipt by the Trustee.


 


The
Company or the Trustee by notice to the other may designate additional or different addresses (including facsimile numbers and electronic
addresses) for subsequent notices or communications.


 


Any
notice or communication shall be in writing and delivered in person or mailed by first-class mail (registered or certified, return receipt
requested), facsimile transmission, electronic transmission or other similar means of unsecured electronic communication or overnight
air courier guaranteeing next day delivery.


 


Section
1.6. NOTICE TO HOLDERS; WAIVER. Where this Indenture provides for notice to Holders of any event, if any of the Securities affected by
such event are Registered Securities, such notice to the Holders thereof shall be sufficiently given (unless otherwise herein or in the
terms of such Securities expressly provided) if in writing and mailed, first-class postage prepaid, to each such Holder affected by such
event, at his address as it appears in the Register, within the time prescribed for the giving of such notice; provided that notices
given to Holders of Securities in global form may be given electronically through the facilities of the Depository.


 


In
any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to
any particular Holder shall affect the sufficiency of such notice with respect to other Holders of Registered Securities as provided
herein. In any case where notice is given to Holders by publication, neither the failure to publish such notice, nor any defect in any
notice so published, shall affect the sufficiency of such notice with respect to the sufficiency of any notice to Holders of Registered
Securities given as provided herein. Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have
been received by such Holder, whether or not such Holder actually receives such notice.


 


If
by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice as
provided above, then such notification as shall be made with the approval of the Trustee (such approval not to be unreasonably withheld)
shall constitute a sufficient notification for every purpose hereunder. If it is impossible or, in the opinion of the Trustee, impracticable
to give any notice by publication in the manner herein required, then such publication in lieu thereof as shall be made with the approval
of the Trustee shall constitute a sufficient publication of such notice.


 






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Any
request, demand, authorization, direction, notice, consent or waiver required or permitted under this Indenture shall be in the English
language, except that any published notice may be in an official language of the country of publication.


 


Where
this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice,
either before or after the event, and such waiver shall be equivalent of such notice. Waivers of notice by Holders shall be filed with
the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.


 


Section
1.7. HEADINGS AND TABLE OF CONTENTS. The Article and Section headings herein and the Table of Contents are for convenience only and shall
not affect the construction hereof.


 


Section
1.8. SUCCESSOR AND ASSIGNS. All covenants and agreements in this Indenture by the Company shall bind its successor and assigns, whether
so expressed or not.


 


Any
act or proceeding that is required or permitted by any provision of this Indenture and that is authorized or required to be done or performed
by any board, committee or officer of the Company shall and may be done and performed with like force and effect by the like board, committee
or officer of any corporation that shall at the time be the successor or assign of the Company.


 


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


 


Section
1.10. BENEFITS OF INDENTURE. Nothing in this Indenture or in any Securities, expressed or implied, shall give to any Person, other than
the parties hereto and their successors hereunder, any Agent and the Holders, any benefit or any legal or equitable right, remedy or
claim under this Indenture.


 


Section
1.11. GOVERNING LAW. UNLESS OTHERWISE PROVIDED WITH RESPECT TO ANY SECURITIES OF ANY SERIES PURSUANT TO SECTION 3.1, THIS INDENTURE AND
THE SECURITIES APPERTAINING THERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING
ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE. This Indenture is subject to the Trust Indenture Act and if any provision hereof
limits, qualifies or conflicts with a provision included in this Indenture which is required by the Trust Indenture Act, the latter provision
shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified
or excluded, the latter provision shall be deemed to apply to this Indenture as so modified, or to be excluded, as the case may be, whether
or not such provision of this Indenture refers expressly to such provision of the Trust Indenture Act.


 






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Section
1.12. WAIVER OF JURY TRIAL. EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER (BY ITS ACCEPTANCE OF ANY SECURITY) 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. EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER (BY ITS ACCEPTANCE
OF ANY SECURITY) HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY STATE OR U.S. FEDERAL COURT IN THE CITY OF NEW YORK AND COUNTY
OF NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE AND THE SECURITIES, AND IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS.


 


Section
1.13. LEGAL HOLIDAYS. Unless otherwise provided with respect to any Security or Securities pursuant to Section 3.1, in any case where
any Interest Payment Date, Redemption Date, sinking fund payment date, Stated Maturity or Maturity or other payment date of any Security
shall not be a Business Day at any Place of Payment, then, notwithstanding any other provision of this Indenture or any Security, payment
of principal, premium, if any or interest or other payments need not be made at such Place of Payment on such date, but may be made on
the next succeeding Business Day at such Place of Payment with the same force and effect as if made on such date; provided that no interest
shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date, sinking fund payment
date, Stated Maturity or Maturity or other payment date, as the case may be.


 


Section
1.14. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, agent, member, manager, trustee or stockholder,
as such, of the Company or any successor Person shall have any liability for any obligations of the Company or any successor Person,
either directly or through the Company or any successor Person, under the Securities or this Indenture or for any claim based on, in
respect of or by reason of such obligations or their creation, whether by virtue of any rule of law, statute or constitutional provision
or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise. By accepting a Security, each Holder agrees
to the provisions of this Section 1.14 and waives and releases all such liability. Such waiver and release shall be part of the consideration
for the issue of the Securities.


 


Article
II



SECURITY FORMS 


 


Section
2.1. FORMS GENERALLY. The Securities of each series shall be in substantially such form as shall be established in one or more indentures
supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed
thereon as the Company may deem appropriate or as may be required to comply with any applicable law, rule or regulation or with the rules
or usage of any securities exchange or Depository therefor or as may, consistently herewith, be determined by the officers executing
such Securities as evidenced by their execution of the Securities. If temporary Securities of any series are issued as permitted by Section
3.4, the form thereof also shall be established as provided in the preceding sentence.


 






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The
definitive Securities shall be typeset, printed, lithographed or engraved on steel engraved borders or may be produced in any other manner
or medium, all as determined by the officers executing such Securities as evidenced by their execution of such Securities.


 


Section
2.2. FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION. Subject to Section 6.13 (as applicable to any Authenticating Agent), the
Trustee’s certificate of authentication shall be in substantially the following form:


 


This
is one of the [Securities] [of the series designated herein and] referred to in the within-mentioned Indenture.


 


	 	 	,  as Trustee
	 	 	 	 
	Dated:  	 	 	 
	 	 	 	 
	 	By: 	 
	 	 	AUTHORIZED SIGNATORY






 


Section
2.3. SECURITIES IN GLOBAL FORM. If Securities of or within a series are issuable in whole or in part in global form, any such Security
may provide that it shall represent the aggregate or specified amount of Outstanding Securities from time to time endorsed thereon and
may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced or increased
to reflect exchanges. Any endorsement of a Security in global form to reflect the amount, or any increase or decrease in the amount,
or changes in the rights of Holders, of Outstanding Securities represented thereby, shall be made in such manner and by such Person or
Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 3.3 or 3.4. Subject
to the provisions of Section 3.3 and, if applicable, Section 3.4, the Trustee shall deliver and redeliver any security in permanent global
form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. Any instructions
by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not comply
with Section 1.2 hereof and need not be accompanied by an Opinion of Counsel.


 


The
provisions of the last paragraph of Section 3.3 shall apply to any Security in global form if such Security was never issued and sold
by the Company and the Company delivers to the Trustee such Security in global form together with written instructions (which need not
comply with Section 1.2 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of
Securities represented thereby, together with the written statement contemplated by the last paragraph of Section 3.3.


 


Notwithstanding
the provisions of Section 2.1 and 3.7, unless otherwise specified as contemplated by Section 3.1, payment of principal of, premium, if
any, and interest on any Security in permanent global form shall be made to the Person or Persons specified therein.


 






    14


     

    

 


Section
2.4. FORM OF LEGEND FOR SECURITIES IN GLOBAL FORM. Unless otherwise provided with respect to any Securities of any series pursuant to
Section 3.1 or required by the Depository, any Security of such series in global form authenticated and delivered hereunder shall bear
a legend in substantially the following form:


 


This
Security is in global form within the meaning of the Indenture hereinafter referred to and is registered in the name of a Depository
or a nominee of a Depository. Unless and until it is exchanged in whole or in part for Securities in certificated form, this Security
may not be transferred except as a whole by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository
or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor
Depository. Every Security authenticated and delivered upon registration of, or in exchange for, or in lieu of, this Security will be
in global form, subject to the foregoing.


 


Article
III



THE SECURITIES 


 


Section
3.1. AMOUNT UNLIMITED; ISSUABLE IN SERIES. The aggregate principal amount of Securities which may be authenticated, delivered and outstanding
under this Indenture is unlimited. The Securities may be issued from time to time in one or more series.


 


(a) 
The following matters shall be established, without the approval of any Holders, with respect to each series of Securities issued hereunder
in one or more indentures supplemental hereto:


 


(1) 
the title of the Securities of the series (which title shall distinguish the Securities of the series from all other series of Securities);


 


(2) 
any limit upon the aggregate principal amount of the Securities of the series which may be authenticated, delivered and outstanding under
this Indenture (which limit shall not pertain to Securities authenticated and delivered upon registration of transfer of, or in exchange
for, or in lieu of, other Securities of the series pursuant to Section 3.4, 3.5, 3.6, 8.6, or 10.7 and except for any Securities which,
pursuant to Section 3.3, are deemed never to have been authenticated and delivered hereunder);


 


(3) 
the date or dates on which the principal of and premium, if any, on the Securities of the series is payable or the method of determination
and/or extension of such date or dates; and the amount or amounts of such principal and premium, if any, payments or the method of determination
thereof;


 


(4) 
the rate or rates (which may be fixed or variable) at which the Securities of the series shall bear interest, if any, or the method of
calculating and/or resetting such rate or rates of interest, the date or dates from which such interest shall accrue or the method by
which such date or dates shall be determined, the Interest Payment Dates on which any such interest shall be payable or the method by
which such dates will be determined, the terms of any deferral of interest and the additional interest, if any, thereon and, with respect
to Registered Securities, the Regular Record Date, if any, for the interest payable on any Registered Security on any Interest Payment
Date, the right, if any, of the Company to extend the Interest Payment Dates and the Regular Record Date, if any, and the duration of
the extensions and the basis upon which interest shall be calculated if other than upon a 360-day year of twelve 30-day months;


 






    15


     

    

 


(5) 
the place or places where the principal of, premium, if any, and interest, if any, on Securities of the series shall be payable;


 


(6) 
the period or periods within which, the price or prices at which, the currency or currencies (including currency units) in which, and
the other terms and conditions upon which, Securities of the series may be redeemed, in whole or in part, at the option of the Company
or otherwise, and, if other than as provided in Section 10.3, the manner in which the particular Securities of such series (if less than
all Securities of such series are to be redeemed) are to be selected for redemption;


 


(7) 
the obligation, if any, of the Company to redeem or purchase Securities of the series pursuant to any sinking fund or analogous provisions
or upon the happening of a specified event or at the option of a Holder thereof and the period or periods within which, the price or
prices at which, and the other terms and conditions upon which, Securities of the series shall be redeemed or purchased, in whole or
in part, pursuant to such obligation and provisions for the remarketing of such series;


 


(8) 
if other than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the series shall be
issuable;


 


(9) 
if other than Dollars, the currency or currencies (including currency unit or units) in which the principal of, premium, if any, and
interest, if any, or other payments, if any, on the Securities of the series shall be payable, or in which the Securities of the series
shall be denominated, and the particular provisions applicable thereto in accordance with, in addition to, or in lieu of the provisions
of Section 3.11;


 


(10) 
the terms, if any, upon which Securities of the series may be convertible into or exchanged for other Securities, Common Stock, Preferred
Stock, other debt securities, warrants to purchase any of the foregoing, or other securities of any kind of the Company or any other
obligor and the terms and conditions upon which the conversion or exchange shall be effected, including the initial conversion or exchange
price or rate, the conversion or exchange period, and any other additional provisions;


 


(11) 
if the payments of principal of, premium, if any, or interest, if any, or other payments, if any, on the Securities of the series are
to be made, at the election of the Company or a Holder, in a currency or currencies (including currency unit or units) other than that
in which such Securities are denominated or designated to be payable, the currency or currencies (including currency unit or units) in
which such payments are to be made, the terms and conditions of such payments and the manner in which the exchange rate with respect
to such payments shall be determined, and the particular provisions applicable thereto in accordance with, in addition to, or in lieu
of the provisions of Section 3.11;


 






    16


     

    

 


(12) 
if the amount of payments of principal of, premium, if any, and interest, if any, or other payments, if any, on the Securities of the
series shall be determined with reference to an index, formula or other method (which index, formula or method may be based, without
limitation, on the price of one or more commodities, derivatives or securities; one or more securities, derivatives or commodities exchange
indices or other indices; a currency or currencies (including currency unit or units) other than that in which the Securities of the
series are denominated or designated to be payable; or any other variable or the relationship between any variables or combination of
variables), the index, formula or other method by which such amounts shall be determined;


 


(13) 
if other than the principal amount thereof, the portion of the principal amount of such Securities of the series or other amount which
shall be payable upon declaration of acceleration thereof pursuant to Section 5.2 or provable in bankruptcy or the method by which such
portion or amount shall be determined;


 


(14) 
if other than as provided in Section 3.7, the Person to whom any interest on any Registered Security of the series shall be payable;


 


(15) 
if the principal amount payable at the Maturity of any Securities of the series will not be determinable as of one or more dates prior
to Maturity, the amount which shall be deemed to be the principal amount of such Securities as of any such date hereunder or thereunder,
or, if other than as provided in the definition of the term “Outstanding”, which shall be deemed to be Outstanding as of
any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount shall
be determined) and, if necessary, the manner of determining the equivalent thereof in U.S. currency;


 


(16) 
provisions, if any, granting special rights to the Holders of Securities of the series upon the occurrence of such events as may be specified;


 


(17) 
the applicability of or any deletions from, modifications of or additions to the Events of Default set forth in Section 5.1 or covenants
of the Company set forth in Article IX pertaining to the Securities of the series;


 


(18) 
under what circumstances, if any, the Company will pay additional amounts on the Securities of that series held by a Person who is not
a U.S. Person in respect of taxes or similar charges withheld or deducted and, if so, whether the Company will have the option to redeem
such Securities rather than pay such additional amounts (and the terms of any such option);


 


(19) 
the date as of which any temporary global Security representing Outstanding Securities of the series shall be dated if other than the
date of original issuance of the first Security of the series to be issued;


 


(20) 
the forms of the Securities of the series;


 






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(21) 
any changes or additions to the provisions provided in Article IV of this Indenture pertaining to defeasance, including without limitation,
the exclusion of Section 4.4 or 4.5, or both, with respect to the Securities of or within the series; or the applicability, if any, to
the Securities of or within the series of such means of defeasance or covenant defeasance other than those provided in Sections 4.4 and
4.5 as may be specified for the Securities of such series, and whether, for the purpose of any defeasance or covenant defeasance pursuant
to Section 4.4 or 4.5 or otherwise, the term “Government Obligations” shall include obligations referred to in the definition
of such term which are not obligations of the United States or an agency or instrumentality of the United States;


 


(22) 
if other than the Trustee, the identity of the Registrar and any Paying Agent;


 


(23) 
any terms which may be related to warrants, options or other rights to purchase and sell securities issued by the Company in connection
with, or for the purchase of, Securities of such series, including whether and under what circumstances the Securities of any series
may be used toward the exercise price of any such warrants, options or other rights;


 


(24) 
the designation of the initial Exchange Rate Agent, if any;


 


(25) 
whether any of the Securities of the series shall be issued in whole or in part in global form, and if so (i) the Depository for such
global Securities, (ii) the form of any legend in addition to or in lieu of that in Section 2.4 which shall be borne by such global Securities,
(iii) whether beneficial owners of interests in any Securities of the series in global form may exchange such interests for certificated
Securities of such series and of like tenor of any authorized form and denomination, and (iv) if other than as provided in Section 3.5,
the circumstances under which any such exchange may occur;


 


(26) 
the priority, ranking or subordination, if any, of the Securities of the series;


 


(27) 
if the Securities of the series will be governed by, and the extent to which such Securities will be governed by, any law other than
the laws of the state of New York;


 


(28) 
the terms, if any, of any guarantee of the payment of principal, premium and interest with respect to Securities of the series and any
corresponding changes to the provisions of this Indenture as then in effect;


 


(29) 
the terms, if any, of the transfer, mortgage, pledge or assignment as security for the Securities of the series of any properties, assets,
moneys, proceeds, securities or other collateral, including whether certain provisions in the Trust Indenture Act are applicable and
any corresponding changes to provisions of this Indenture as then in effect; and


 


(30) 
any other terms of the series, including any terms which may be required by or advisable under United States laws or regulations or advisable
(as determined by the Company) in connection with the marketing of Securities of the series.


 


(b) 
The terms applicable to the Securities of any one series need not be identical but may vary as may be provided in an indenture supplemental
hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened,
without the consent of the Holders, for issuances of additional Securities of such series.


 






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(c) 
Except as may be otherwise expressly provided in the applicable supplemental indenture, as contemplated by this Section 3.1, the Securities
of any series shall rank PARI PASSU with the Securities of each other Series.


 


Section
3.2. DENOMINATIONS. Unless otherwise provided as contemplated by Section 3.1, any Securities of a series shall be issuable in denominations
of $1,000 and any integral multiple thereof.


 


Section
3.3. EXECUTION, AUTHENTICATION, DELIVERY AND DATING. Securities shall be executed on behalf of the Company by the Chief Executive Officer,
the Chief Financial Officer, the President, or any Vice President, the Treasurer or the Corporate Secretary of the Company. The seal
of the Company, if any, may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on
the Securities. The signatures of any of these officers on the Securities may be manual or facsimile.


 


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


 


At
any time and from time to time, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication,
together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company
Order shall authenticate and deliver such Securities.


 


In
authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the
Trustee shall be entitled to receive, and (subject to section 315(a) through (d) of the Trust Indenture Act) shall be fully protected
in relying upon, an Opinion of Counsel substantially to the effect that,


 


(1) 
the form of such Securities have been established in conformity with the provisions of this Indenture;


 


(2) 
the terms of such Securities have been, or in the case of Securities of a series offered in a Periodic Offering will be, established
in conformity with the provisions of this Indenture, subject in the case of Securities offered in a Periodic Offering, to any conditions
specified in such Opinion of Counsel; and


 


(3) 
such Securities, when authenticated and delivered by the Trustee, issued by the Company in accordance with the provisions of this Indenture,
and delivered to and duly paid for by the purchasers thereof, and subject to any conditions specified in such Opinion of Counsel, will
constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and other similar laws of general applicability relating to or affecting the enforcement
of creditors’ rights and to general equity principles and except further as enforcement thereof may be limited by or subject to
certain exceptions and qualifications specified in such Opinion of Counsel, including in the case of any Securities denominated in a
Foreign Currency, (A) requirements that a claim with respect to any Securities denominated other than in Dollars (or a foreign currency
or foreign currency unit judgment in respect of such claim) be converted into Dollars at a rate of exchange prevailing on a date determined
pursuant to applicable law or (B) governmental authority to limit, delay or prohibit the making of payments in foreign currency or currency
units or payments outside the United States.


 






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Such
Opinion of Counsel need express no opinion as to whether a court in the United States would render a money judgment in a currency other
than that of the United States. Such counsel may rely on opinions of other counsel (copies of which shall be delivered to the Trustee),
and, to the extent such opinion involves factual matters, such counsel may rely upon certificates of officers of the Company and certificates
of public officials.


 


The
Trustee shall have the right to decline to execute any supplemental indenture establishing the terms of or the form of such Securities
if, in the written opinion of counsel to the Trustee (which counsel may be an employee of the Trustee), such action may not lawfully
be taken, or if the Trustee, in good faith by a Responsible Officer of the Trustee, shall determine, in its sole discretion, that such
action would adversely affect it.


 


Notwithstanding
the provisions of Section 3.1 and of the two preceding paragraphs, if all of the Securities of any series are not to be issued at one
time, it shall not be necessary to deliver the Officer’s Certificate otherwise required pursuant to Section 3.1 or the Company
Order and Opinion of Counsel otherwise required pursuant to the two preceding paragraphs in connection with the authentication of each
Security of such series if such documents, with appropriate modifications to cover such future issuances, are delivered at or prior to
the authentication upon original issuance of the first Security of such series to be issued.


 


With
respect to Securities of a series offered in a Periodic Offering, the Trustee may rely, as to the authorization by the Company of any
of such Securities, the form and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion
of Counsel and the other documents delivered pursuant to Sections 2.1 and 3.1 and this Section, as applicable, in connection with the
first authentication of Securities of such series.


 


If
the Company shall establish pursuant to Section 3.1 that the Securities of a series are to be issued in whole or in part in global form,
then, unless otherwise provided with respect to such Securities pursuant to Section 3.1, the Company shall execute and the Trustee shall,
in accordance with this Section and the Company Order with respect to such series, authenticate and deliver one or more Securities in
global form that (i) shall represent and shall be denominated in an amount equal to the aggregate principal amount of the Outstanding
Securities of such series to be represented by such Security or Securities in global form, (ii) shall be registered, if a Registered
Security, in the name of the Depository for such Security or Securities in global form or the nominee of such Depository, (iii) shall
be delivered by the Trustee to such Depository or pursuant to such Depository’s instruction and (iv) shall bear the legend set
forth in Section 2.4.


 


Unless
otherwise established pursuant to Section 3.1, each Depository designated pursuant to Section 3.1 for a Registered Security in global
form must, at the time of its designation and at all times while it serves as Depository, be a clearing agency registered under the Securities
Exchange Act of 1934, as amended, and any other applicable statute or regulation. Neither the Company nor the Trustee shall have any
responsibility to determine if the Depository is so registered.


 






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Each
Depository shall enter into an agreement with the Company and the Trustee, as agent, governing the respective duties and rights of such
Depository, the Company and the Trustee, as agent, with regard to Securities of a series issued in global form.


 


Each
Registered Security shall be dated the date of its authentication as contemplated by Section 3.1.


 


No
Security shall be entitled to any benefits under this Indenture or be valid or obligatory for any purpose until authenticated by the
manual signature of one of the authorized signatories of the Trustee or an Authenticating Agent. Such signature upon any Security shall
be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered under this Indenture and
is entitled to the benefits of this Indenture.


 


Notwithstanding
the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the
Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.9 together with a written statement (which
need not comply with Section 1.2 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued
and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered
hereunder and shall not be entitled to the benefits of this Indenture.


 


Section
3.4. TEMPORARY SECURITIES. Pending the preparation of definitive Securities of any series, the Company may execute and, upon Company
Order, the Trustee shall authenticate and deliver temporary Securities of such series which are printed, lithographed, typewritten, mimeographed
or otherwise produced, in any authorized denomination, substantially of the tenor and form, of the definitive Securities in lieu of which
they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities
may determine, as conclusively evidenced by their execution of such Securities. In the case of Securities of any series, all or a portion
of such temporary Securities may be in global form.


 


Except
in the case of temporary Securities in global form, each of which shall be exchanged in accordance with the provisions thereof, if temporary
Securities of any series are issued, the Company will cause definitive Securities of such series to be prepared without unreasonable
delay. After preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive
Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company pursuant to
Section 9.2 in a Place of Payment for such series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary
Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal
amount of definitive Securities of the same series of authorized denominations and of like tenor. Until so exchanged, the temporary Securities
of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series except
as otherwise specified as contemplated by Section 3.1.


 






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Section
3.5. REGISTRATION, TRANSFER AND EXCHANGE. The Company shall cause to be kept at the Corporate Trust Office of the Trustee or in any office
or agency to be maintained by the Company in accordance with Section 9.2 in a Place of Payment or in such other place or medium as may
be specified pursuant to Section 3.1 a register for each series of Securities (the registers maintained in such office or in any such
office or agency of the Company in a Place of Payment being herein sometimes referred to collectively as the “Register”)
in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Registered Securities
and the registration of transfers of Registered Securities. The Register shall be in written form or any other form capable of being
converted into written form within a reasonable time. Unless otherwise provided as contemplated by Section 3.1, the Trustee is hereby
appointed “Registrar” for the purpose of registering Registered Securities and transfers of Registered Securities, and for
the purpose of maintaining the Register in respect thereof, as herein provided.


 


Upon
surrender for registration of transfer of any Registered Security of any series at the office or agency maintained pursuant to Section
9.2 in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of
the designated transferee or transferees, one or more new Registered Securities of the same series, of any authorized denominations and
of a like aggregate principal amount.


 


Unless
otherwise provided as contemplated by Section 3.1, at the option of the Holder, Registered Securities of any series (except a Registered
Security in global form) may be exchanged for other Registered Securities of the same series, of any authorized denominations and of
a like aggregate principal amount containing identical terms and provisions, upon surrender of the Registered Securities to be exchanged
at such office or agency. Whenever any Registered Securities are so surrendered for exchange, the Company shall execute, and the Trustee
shall authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive.


 


Unless
otherwise specified pursuant to Section 3.1 with respect to a series of Securities or as otherwise provided below in this Section 3.5,
owners of beneficial interests in Securities of such series represented by a Security issued in global form will not be entitled to have
Securities of such series registered in their names, will not receive or be entitled to receive physical delivery of Securities of such
series in certificated form and will not be considered the Holders or owners thereof for any purposes hereunder. Notwithstanding any
other provision of this Section, unless and until it is exchanged in whole or in part for Securities in certificated form in the circumstances
described below, a Security in global form representing all or a portion of the Securities of a series may not be transferred or exchanged
except as a whole by the Depository for such series to a nominee of such Depository or by a nominee of such Depository to such Depository
or another nominee of such Depository or by such Depository or any such nominee to a successor Depository for such series or a nominee
of such successor Depository.


 


If
at any time the Depository for the Securities of a series notifies the Company that it is unwilling or unable to continue as Depository
for the Securities of such series or if at any time the Depository for the Securities of such series notifies the Company that it shall
no longer be eligible under Section 3.3, the Company shall appoint a successor Depository with respect to the Securities of such series.
Unless otherwise provided as contemplated by Section 3.1, if a successor Depository for the Securities of such series is not appointed
by the Company within 90 days after the Company receives such notice or becomes aware of such ineligibility, the Company’s election
pursuant to Section 3.1(b) (25) shall no longer be effective with respect to the Securities of such series and the Company shall execute,
and the Trustee, upon receipt of a Company Order for the authentication and delivery of certificated Securities of such series of like
tenor, shall authenticate and deliver, Securities of such series of like tenor in certificated form, in authorized denominations and
in an aggregate principal amount equal to the principal amount of the Security or Securities of such series of like tenor in global form
in exchange for such Security or Securities in global form.


 






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The
Company may at any time in its sole discretion determine that Securities of a series issued in global form shall no longer be represented
by such a Security or Securities in global form. In such event the Company shall execute, and the Trustee, upon receipt of a Company
Order for the authentication and delivery of certificated Securities of such series of like tenor, shall authenticate and deliver, Securities
of such series of like tenor in certificated form, in authorized denominations and in an aggregate principal amount equal to the principal
amount of the Security or Securities of such series of like tenor in global form in exchange for such Security or Securities in global
form.


 


If
specified by the Company pursuant to Section 3.1 with respect to a series of Securities, the Depository for such series may surrender
a Security in global form of such series in exchange in whole or in part for Securities of such series in certificated form on such terms
as are acceptable to the Company and such Depository. Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver,
without service charge,


 


(i) 
to each Person specified by such Depository a new certificated Security or Securities of the same series of like tenor, of any authorized
denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest
in the Security in global form; and


 


(ii) 
to such Depository a new Security in global form of like tenor in a denomination equal to the difference, if any, between the principal
amount of the surrendered Security in global form and the aggregate principal amount of certificated Securities delivered to Holders
thereof.


 


(iii) 
Upon the exchange of a Security in global form for Securities in certificated form, such Security in global form shall be cancelled by
the Trustee. Securities in certificated form issued in exchange for a Security in global form pursuant to this Section shall be registered
in such names and in such authorized denominations as the Depository for such Security in global form, pursuant to instructions from
its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the Persons
in whose names such Securities are so registered.


 


Whenever
any Securities are surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities
which the Holder making the exchange is entitled to receive.


 






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


 


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


 


Unless
otherwise provided as contemplated by Section 3.1, no service charge shall be made for any registration of transfer or for any exchange
of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any registration or transfer or exchange of Securities, other than exchanges pursuant to Section 3.4 or 10.7 not involving
any transfer.


 


Unless
otherwise provided as contemplated by Section 3.1, none of the Company, the Registrar or the Trustee shall be required (i) to issue,
register the transfer of, or exchange any Securities for a period beginning at the opening of 15 Business Days before any selection for
redemption of Securities of like tenor and of the series of which such Security is a part and ending at the close of business on the
earliest date on which the relevant notice of redemption is deemed to have been given to all Holders of Securities of like tenor and
of such series to be redeemed; or (ii) to register the transfer of or exchange any Registered Security so selected for redemption, in
whole or in part, except the unredeemed portion of any Security being redeemed in part.


 


Section
3.6. REPLACEMENT SECURITIES. If a mutilated Security is surrendered to the Trustee, together with, in proper cases, such security or
indemnity as may be required by the Company or the Trustee to save each of them harmless, the Company shall execute and the Trustee shall
authenticate and deliver a replacement Registered Security, if such surrendered Security was a Registered Security of the same series
and date of maturity.


 


If
there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security
and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in
the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall
execute and the Trustee shall authenticate and deliver in lieu of any such destroyed, lost or stolen Security a replacement Registered
Security, if such Holder’s claim appertains to a Registered Security, of the same series and principal amount, containing identical
terms and provisions and bearing a number not contemporaneously outstanding.


 


In
case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay such Security.


 






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Upon
the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee, its
agents and counsel) connected therewith.


 


Every
new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable
by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities
of that series duly issued hereunder.


 


The
provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities.


 


Section
3.7. PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED(a).


 


(a) 
Unless otherwise provided as contemplated by Section 3.1, interest, if any, on any Registered Security which is payable, and is punctually
paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency maintained for
such purpose pursuant to 9.2; provided, however, that at the option of the Company, interest on any series of Registered Securities that
bear interest may be paid (i) by check mailed to the address of the Person entitled thereto as it shall appear on the Register of Holders
of Securities of such series or (ii) by wire transfer to an account maintained by the Person entitled thereto as specified in the Register
of Holders of Securities of such series.


 


(b) 
Unless otherwise provided as contemplated by Section 3.1, any interest on any Registered Security of any series which is payable, but
is not punctually paid or duly provided for, on any interest payment date (herein called “Defaulted Interest”) shall forthwith
cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest
may be paid by the Company, at its election in each case, as provided in clause (1) or (2) below:


 


(1) 
The Company may elect to make payment of any Defaulted Interest to the Persons in whose names such Registered Securities of such series
(or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest, which shall be fixed in the following manner. The Company shall deposit with the Trustee an amount of money equal
to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the trustee
for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons
entitled to such Defaulted Interest as in this clause (1) provided. Thereupon the Trustee shall fix a Special Record Date for the payment
of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and
not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company
of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of such Registered Securities
of such series at his address as it appears in the Register, not less than 10 days prior to such Special Record Date. Notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid
to the Persons in whose names such Registered Securities of such series (or their respective Predecessor Securities) are registered at
the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2).


 






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(2) 
The Company may make payment of any Defaulted Interest to the Persons in whose names such Registered Securities of such series (or their
respective Predecessor Securities) are registered at the close of business on a specified date in any other lawful manner not inconsistent
with the requirements of any securities exchange on which such Registered Securities may be listed, and upon such notice as may be required
by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause (2), such manner
of payment shall be deemed practicable by the Trustee.


 


(c) 
Subject to the foregoing provisions of this Section and Section 3.5, each Security delivered under this Indenture upon registration of
transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue,
which were carried by such other Security.


 


Section
3.8. PERSONS DEEMED OWNERS. Prior to due presentment of any Registered Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name such Registered Security is registered as the owner of
such Registered Security for the purpose of receiving payment of principal of, premium, if any, and (subject to Section 3.7) interest
and any other payments on such Registered Security and for all other purposes whatsoever, whether or not such Registered Security shall
be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary.


 


None
of the Company, the Trustee or any agent of the Company or the Trustee shall have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership interests of a Security in global form, or for maintaining, supervising
or reviewing any records relating to such beneficial ownership interests. Notwithstanding the foregoing, with respect to any Security
in global form, nothing herein shall prevent the Company or the Trustee, or any agent of the Company or the Trustee, from giving effect
to any written certification, proxy or other authorization furnished by any Depository (or its nominee), as a Holder, with respect to
such Security in global form or impair, as between such Depository and owners of beneficial interests in such Security in global form,
the operation of customary practices governing the exercise of the rights of such Depository (or its nominee) as Holder of such Security
in global form.


 


Section
3.9. CANCELLATION. The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and any Paying Agent
shall forward to the Trustee any Securities surrendered to them for replacement, for registration of transfer, or for exchange or payment.
The Trustee shall cancel all Securities surrendered for replacement, for registration of transfer, or for exchange, payment, redemption
or cancellation and may destroy cancelled Securities and, if so destroyed, shall issue a certificate of destruction to the Company. The
Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation.


 






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Section
3.10. COMPUTATION OF INTEREST. Except as otherwise specified as contemplated by Section 3.1, interest on the Securities of each series
shall be computed on the basis of a 360-day year of twelve 30-day months.


 


Section
3.11. CURRENCY AND MANNER OF PAYMENT IN RESPECT OF SECURITIES. Unless otherwise specified with respect to any Securities pursuant to
Section 3.1, with respect to Registered Securities of any series payment of the principal of, premium, if any, interest, if any, and
other amounts, if any, on any Registered Security of such series will be made in the currency or currencies or currency unit or units
in which such Registered Security is payable. The provisions of this Section 3.11, including without limitation any defined terms specified
herein, may be modified or superseded in whole or in part pursuant to Section 3.1 with respect to any Securities.


 


(a) 
If expressly specified pursuant to Section 3.1, with respect to Registered Securities of any series, Holders shall have the option, subject
to paragraphs (d) and (e) below, to receive payments of principal of, premium, if any, or interest, if any, on such Registered Securities
in any of the currencies or currency units which may be designated for such election by delivering to the Trustee (or the applicable
Paying Agent) a written election with signature guarantees and in the applicable form established pursuant to Section 3.1, not later
than the close of business on the Election Date immediately preceding the applicable payment date. If a Holder so elects to receive such
payments in any such currency or currency unit, such election will remain in effect for such Holder or any transferee of such Holder
until changed by such Holder or such transferee by written notice to the Trustee (or any applicable Paying Agent) for such series of
Registered Securities (but any such change must be made not later than the close of business on the Election Date immediately preceding
the next payment date to be effective for the payment to be made on such payment date, and no such change of election may be made with
respect to payments to be made on any Registered Security of such series with respect to which an Event of Default has occurred or with
respect to which the Company has deposited funds pursuant to Article IV or with respect to which a notice of redemption has been given
by or on behalf of the Company). Any Holder of any such Registered Security who shall not have delivered any such election to the Trustee
(or any applicable Paying Agent) not later than the close of business on the applicable Election Date will be paid the amount due on
the applicable payment date in the relevant currency or currency unit as provided in Section 3.11(a). The Trustee (or the applicable
Paying Agent) shall notify the Company and the Exchange Rate Agent as soon as practicable after the Election Date of the aggregate principal
amount of Registered Securities for which Holders have made such written election.


 






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(b) 
If the election referred to in paragraph (b) above has been provided for with respect to any Registered Securities of a series pursuant
to Section 3.1, then, unless otherwise specified pursuant to Section 3.1 with respect to any such Registered Securities, not later than
the fourth Business Day after the Election Date for each payment date for such Registered Securities, the Exchange Rate Agent will deliver
to the Company a written notice specifying, in the currency or currencies or currency unit or units in which Registered Securities of
such series are payable, the respective aggregate amounts of principal of, premium, if any, and interest, if any, on such Registered
Securities to be paid on such payment date, and specifying the amounts in such currency or currencies or currency unit or units so payable
in respect of such Registered Securities as to which the Holders of such Registered Securities denominated in any currency or currencies
or currency unit or units shall have elected to be paid in another currency or currency unit as provided in paragraph (b) above. If the
election referred to in paragraph (b) above has been provided for with respect to any Registered Securities of a series pursuant to Section
3.1, and if at least one Holder has made such election, then, unless otherwise specified pursuant to Section 3.1, on the second Business
Day preceding such payment date the Company will deliver to the Trustee (or the applicable Paying Agent) an Exchange Rate Officer’s
Certificate in respect of the Dollar, Foreign Currency or Currencies or other currency unit payments to be made on such payment date.
Unless otherwise specified pursuant to Section 3.1, the Dollar, Foreign Currency or Currencies or other currency unit amount receivable
by Holders of Registered Securities who have elected payment in a currency or currency unit as provided in paragraph (b) above shall
be determined by the Company on the basis of the applicable Market Exchange Rate in effect on the second Business Day (the “Valuation
Date”) immediately preceding each payment date, and such determination shall be conclusive and binding for all purposes, absent
manifest error.


 


(c) 
If a Conversion Event occurs with respect to a Foreign Currency or any other currency unit in which Securities of any series are denominated
or payable otherwise than pursuant to an election provided for pursuant to paragraph (b) above, then, unless otherwise specified pursuant
to Section 3.1, with respect to each date for the payment of principal of, premium, if any, and interest, if any, on the applicable Securities
denominated or payable in such Foreign Currency or such other currency unit occurring after the last date on which such Foreign Currency
or such other currency unit was used (the “Conversion Date”), the Dollar shall be the currency of payment for use on each
such payment date (but such Foreign Currency or such other currency unit that was previously the currency of payment shall, at the Company’s
election, resume being the currency of payment on the first such payment date preceded by 15 Business Days during which the circumstances
which gave rise to the Dollar becoming such currency of payment no longer prevail). Unless otherwise specified pursuant to Section 3.1,
the Dollar amount to be paid by the Company to the Trustee or any applicable Paying Agent and by the Trustee or any applicable Paying
Agent to the Holders of such Securities with respect to such payment date shall be, in the case of a Foreign Currency other than a currency
unit, the Dollar Equivalent of the Foreign Currency or, in the case of a Foreign Currency that is a currency unit, the Dollar Equivalent
of the Currency Unit, in each case as determined by the Exchange Rate Agent in the manner provided in paragraph (f) or (g) below.


 


(d) 
Unless otherwise specified pursuant to Section 3.1, if the Holder of a Registered Security of a series denominated in any currency or
currency unit shall have elected to be paid in another currency or currency unit or in other currencies as provided in paragraph (b)
above, and (i) a Conversion Event occurs with respect to any such elected currency or currency unit, such Holder shall receive payment
in the currency or currency unit in which payment would have been made in the absence of such election and (ii) if a Conversion Event
occurs with respect to the currency or currency unit in which payment would have been made in the absence of such election, such Holder
shall receive payment in Dollars as provided in paragraph (d) of this Section 3.11 (but, subject to any contravening valid election pursuant
to paragraph (b) above, the elected payment currency or currency unit, in the case of the circumstances described in clause (i) above,
or the payment currency or currency unit in the absence of such election, in the case of the circumstances described in clause (ii) above,
shall, at the Company’s election, resume being the currency or currency unit of payment with respect to Holders who have so elected,
but only with respect to payments on payment dates preceded by 15 Business Days during which the circumstances which gave rise to such
currency or currency unit, in the case of the circumstances described in clause (i) above, or the Dollar, in the case of the circumstances
described in clause (ii) above, becoming the currency or currency unit, as applicable, of payment, no longer prevail).


 



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(e) 
The “Dollar Equivalent of the Foreign Currency” shall be determined by the Exchange Rate Agent and shall be obtained for
each subsequent payment date by the Exchange Rate Agent by converting the specified Foreign Currency into Dollars at the Market Exchange
Rate on the Conversion Date.


 


(f) 
The “Dollar Equivalent of the Currency Unit” shall be determined by the Exchange Rate Agent and, subject to the provisions
of paragraph (h) below, shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency (as each
such term is defined in paragraph (h) below) into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date
with respect to each payment.


 


(g) 
For purposes of this Section 3.11, the following terms shall have the following meanings:


 


A
“Component Currency” shall mean any currency which, on the Conversion Date, was a component currency of the relevant currency
unit.


 


“Conversion
Event” shall mean the cessation of use of (i) a Foreign Currency both by the government of the country which issued such currency
and for the settlement of transactions by a central bank or other public institutions of or within the international banking community,
or (ii) any currency unit for the purposes for which it was established.


 


“Election
Date” shall mean the Regular Record Date for the applicable series of Registered Securities as specified pursuant to Section 3.1
by which the written election referred to in Section 3.11(b) may be made.


 


“Exchange
Rate Agent”, when used with respect to Securities of or within any series, shall mean, unless otherwise specified with respect
to such series of Securities pursuant to Section 3.1, a New York Clearing House bank designated pursuant to Section 3.1 or Section 3.12.


 


“Exchange
Rate Officer’s Certificate” shall mean a certificate setting forth (i) the applicable Market Exchange Rate or the applicable
bid quotation and (ii) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate
basis and on the basis of a Security having the lowest denomination principal amount in the relevant currency or currency unit), payable
with respect to a Security of any series on the basis of such Market Exchange Rate or the applicable bid quotation, signed by the President,
the Chief Executive Officer, the Chief Financial Officer, any Vice President, the Treasurer, or any Assistant Treasurer of the Company.


 






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“Market
Exchange Rate” shall mean, unless otherwise specified with respect to Securities of any series pursuant to Section 3.1, as of any
date of determination, (i) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other,
the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified pursuant
to Section 3.1 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon buying
rate for such Foreign Currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank
of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local
time in the relevant market at which, in accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion
is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in New York City,
London or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent.
Unless otherwise specified with respect to Securities of any series pursuant to Section 3.1, in the event of the unavailability of any
of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion
and without liability on its part, such quotation of the Federal Reserve Bank of New York as of the most recent available date, or quotations
from one or more major banks in New York City, London or other principal market for such currency or currency unit in question (which
may include any such bank acting as Trustee under this Indenture), or such other quotations as the Exchange Rate Agent shall deem appropriate.
Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any currency or currency unit
by reason of foreign exchange regulations or otherwise, the market to be used in respect of such currency or currency unit shall be that
upon which a nonresident issuer of securities designated in such currency or currency unit would purchase such currency or currency unit
in order to make payments in respect of such securities.


 


A
“Specified Amount” of a Component Currency shall mean the number of units of such Component Currency or fractions thereof
which such Component Currency represented in the relevant currency unit on the Conversion Date. If after the Conversion Date the official
unit of any Component Currency is altered by way of combination or subdivision, the Specified Amount of such Component Currency shall
be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into
a single currency, the respective Specified Amounts of such Component Currencies shall be replaced by an amount in such single currency
equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single currency, and
such amount shall thereafter be a Specified Amount and such single currency shall thereafter be a Component Currency. If after the Conversion
Date any Component Currency shall be divided into two or more currencies, the Specified Amount of such Component Currency shall be replaced
by specified amounts of such two or more currencies, the sum of which, at the Market Exchange Rate of such two or more currencies on
the date of such replacement, shall be equal to the Specified Amount of such former Component Currency and such amounts shall thereafter
be Specified Amounts and such currencies shall thereafter be Component Currencies. If, after the Conversion Date of the relevant currency
unit, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect
to any Component Currency of such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such Component
Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at the Market Exchange
Rate in effect on the Conversion Date of such Component Currency.


 






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All
decisions and determinations of the Exchange Rate Agent regarding the Dollar Equivalent of the Foreign Currency, the Dollar Equivalent
of the Currency Unit, the Market Exchange Rate and changes in the Specified Amounts as specified above with respect to Securities of
any series shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably
binding upon the Company, the Trustee (and any applicable Paying Agent) and all Holders of Securities of such series denominated or payable
in the relevant currency, currencies or currency units. The Exchange Rate Agent shall promptly give written notice to the Company and
the Trustee of any such decision or determination.


 


In
the event that the Company determines in good faith that a Conversion Event has occurred with respect to a Foreign Currency, the Company
will promptly give written notice thereof to the Trustee (or any applicable Paying Agent) and to the Exchange Rate Agent (and the Trustee
(or such Paying Agent) will promptly thereafter give notice in the manner provided in Section 1.6 to the affected Holders) specifying
the Conversion Date. In the event the Company so determines that a Conversion Event has occurred with respect to any currency unit in
which Securities of a series are denominated or payable, the Company will promptly give written notice thereof to the Trustee (or any
applicable Paying Agent) and to the Exchange Rate Agent (and the Trustee (or such Paying Agent) will promptly thereafter give notice
in the manner provided in Section 1.6 to the affected Holders) specifying the Conversion Date and the Specified Amount of each Component
Currency on the Conversion Date. In the event the Company determines in good faith that any subsequent change in any Component Currency
as set forth in the definition of Specified Amount above has occurred, the Company will similarly give written notice to the Trustee
(or any applicable Paying Agent) and to the Exchange Rate Agent.


 


The
Trustee of the appropriate series of Securities shall be fully justified and protected in relying and acting upon information received
by it from the Company and the Exchange Rate Agent and shall not otherwise have any duty or obligation to determine the accuracy or validity
of such information independent of the Company or the Exchange Rate Agent.


 


Section
3.12. APPOINTMENT AND RESIGNATION OF EXCHANGE RATE AGENT. Unless otherwise specified pursuant to Section 3.1, if and so long as the Securities
of any series (i) are denominated in a currency or currency unit other than Dollars or (ii) may be payable in a currency or currency
unit other than Dollars, or so long as it is required under any other provision of this Indenture, then the Company will maintain with
respect to each such series of Securities, or as so required, at least one Exchange Rate Agent. The Company will cause the Exchange Rate
Agent to make the necessary foreign exchange determinations at the time and in the manner specified pursuant to Section 3.11 for the
purpose of determining the applicable rate of exchange and, if applicable, for the purpose of converting the issued currency or currencies
or currency unit or units into the applicable payment currency or currency unit for the payment of principal, premium, if any, and interest,
if any, pursuant to Section 3.11.


 






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(a) 
No resignation of the Exchange Rate Agent and no appointment of a successor Exchange Rate Agent pursuant to this Section shall become
effective until the acceptance of appointment by the successor Exchange Rate Agent as evidenced by a written instrument delivered to
the Company and the Trustee of the appropriate series of Securities accepting such appointment executed by the successor Exchange Rate
Agent.


 


(b) 
If the Exchange Rate Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the Exchange
Rate Agent for any cause, with respect to the Securities of one or more series, the Company shall promptly appoint a successor Exchange
Rate Agent or Exchange Rate Agents with respect to the Securities of that or those series (it being understood that any such successor
Exchange Rate Agent may be appointed with respect to the Securities of one or more or all of such series and that, unless otherwise specified
pursuant to Section 3.1, at any time there shall only be one Exchange Rate Agent with respect to the Securities of any particular series
that are originally issued by the Company on the same date and that are initially denominated and/or payable in the same currency or
currencies or currency unit or units).


 


Section
3.13. WIRE TRANSFERS. Notwithstanding any other provisions to the contrary in this Indenture, the Company may make any payment of monies
required to be deposited with the Trustee on account of principal of, or premium, if any, or interest on, Securities of any series (whether
pursuant to optional or mandatory redemption payments, interest payment or otherwise) by wire transfer and immediately available funds
to an account designated by the Trustee on or before the date and time such monies are to be paid to the Holders of the Security of such
series in accordance with the terms hereof.


 


Section
3.14. CUSIP NUMBERS AND ISINS. The Company in issuing Securities may use “CUSIP” numbers or “ISINs”, and if so,
the Trustee may use the CUSIP numbers or ISINs in notices of redemption or exchange as a convenience to Holders; provided, however, that
any such notice may state that no representation is made as to the correctness or accuracy of the CUSIP number or ISIN printed in the
notice or on the Securities, that reliance may be placed only on the other identification numbers printed on the Securities, and any
such redemption or exchange shall not be affected by any defect or omission of such CUSIP numbers or ISINs. The Company will promptly
notify the Trustee of any change in CUSIP numbers or ISINs known to an Officer of the Company.


 


Article
IV



SATISFACTION, DISCHARGE AND DEFEASANCE 


 


Section
4.1. TERMINATION OF COMPANY’S OBLIGATIONS UNDER THE INDENTURE. (a) This Indenture shall upon Company Request cease to be of further
effect with respect to Securities of or within any series (except as to any surviving rights of registration of transfer or exchange
of such Securities and replacement of such Securities which may have been lost, stolen or mutilated as herein expressly provided for)
and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture
with respect to such Securities when


 






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(1) 
either


 


(A) 
all such Securities previously authenticated and delivered (other than (i) such Securities which have been destroyed, lost or stolen
and which have been replaced or paid as provided in Section 3.6 and (ii) such 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 or discharged from such trust,
as provided in Section 9.3) have been delivered to the Trustee for cancellation; or


 


(B) 
all Securities of such series not theretofore delivered to the Trustee for cancellation


 


(i) 
have become due and payable, or


 


(ii) 
will become due and payable at their Stated Maturity within one year, or


 


(iii) 
if redeemable at the option of the Company, are to be called for redemption within one year under arrangements satisfactory to the Trustee
for giving of notice of redemption, and the Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to
be deposited with the Trustee as trust funds in trust for the purpose an amount in the currency or currencies or currency unit or units
in which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities not theretofore
delivered to the Trustee for cancellation, for principal, premium, if any, and interest, with respect thereto, to the date of such deposit
(in the case of any such Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may
be;


 


(2) 
the Company has paid or caused to be paid all other sums then payable hereunder by the Company; and


 


(3) 
the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent
herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with.


 


Notwithstanding
the satisfaction and discharge of this Indenture, the obligation of the Company to the Trustee and any predecessor Trustee under Section
6.8 and the obligations of the Company to any Authenticating Agent under Section 6.13 shall survive until the Securities of the discharged
series have been paid in full, and, if money shall have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this
Section, the obligations of the Trustee under Section 4.2 and the last paragraph of Section 9.3 shall survive in accordance with the
terms of such Sections.


 


Section
4.2. APPLICATION OF TRUST FUNDS. Subject to the provisions of the last paragraph of Section 9.3, all money deposited with the Trustee
pursuant to Section 4.1 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, premium, if any and any interest for whose payment such money has been
deposited with or received by the Trustee, but such money need not be segregated from other funds except to the extent required by law.


 






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Section
4.3. APPLICABILITY OF DEFEASANCE PROVISIONS; COMPANY’S OPTION TO EFFECT DEFEASANCE OR COVENANT DEFEASANCE. Unless pursuant to Section
3.1 provision is made to exclude with respect to the Securities of a particular series either or both of (i) defeasance of the Securities
of or within such series under Section 4.4 or (ii) covenant defeasance of the Securities of or within such series under Section 4.5,
then, in addition to the rights of the Company pursuant to Section 4.1 above, the provisions of such Section or Sections, as the case
may be, together with the provisions of Sections 4.6 through 4.9 inclusive, with such modifications thereto as may be specified pursuant
to Section 3.1 with respect to any Securities of such series, shall be applicable to such Securities and the Company may at its option,
at any time, with respect to such Securities elect to have Section 4.4 (if applicable) or Section 4.5 (if applicable) be applied to such
Outstanding Securities upon compliance with the conditions set forth below in this Article.


 


Section
4.4. DEFEASANCE AND DISCHARGE. Upon the Company’s exercise of the option specified in Section 4.3 applicable to this Section with
respect to the Securities of or within a series, the Company shall be deemed to have been discharged from its obligations with respect
to such Securities on the date the conditions set forth in Section 4.6 are satisfied (hereinafter, a “defeasance”). For this
purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such
Securities which Securities shall thereafter be deemed to be “Outstanding” only for the purposes of Section 4.7 and the other
Sections of this Indenture referred to in clause (ii) of this Section, and to have satisfied all its other obligations under such Securities
and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall on Company Order execute
proper instruments acknowledging the same), except the following which shall survive until otherwise terminated or discharged hereunder:
(i) the rights of Holders of such Securities to receive, solely from the trust funds described in Section 4.6(a) and as more fully set
forth in such Section, payments in respect of the principal of, premium, if any, and interest, if any, on such Securities when such payments
are due; (ii) the Company’s obligations with respect to such Securities under Sections 3.5, 3.6, 9.2 and 9.3 and with respect to
the payment of additional amounts, if any, payable with respect to such Securities as specified pursuant to Section 3.1(b) (18); (iii)
the rights, powers, trusts, duties, immunities and indemnities of the Trustee hereunder and (iv) this Article IV. Subject to compliance
with this Article IV, the Company may exercise its option under this Section notwithstanding the prior exercise of its option under Section
4.5 with respect to such Securities. Following a defeasance, payment of such Securities may not be accelerated because of an Event of
Default.


 


Section
4.5. COVENANT DEFEASANCE. Upon the Company’s exercise of the option specified in Section 4.3 applicable to this Section with respect
to any Securities of or within a series, the Company shall be released from its obligations under Sections 7.1, 9.4 and 9.5, and, if
specified pursuant to Section 3.1, its obligations under any other covenant, with respect to such Securities on and after the date the
conditions set forth in Section 4.6 are satisfied (hereinafter, “covenant defeasance”), and such Securities shall thereafter
be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and
the consequences of any thereof) in connection with Sections 7.1, 9.4 and 9.5, or such other specified covenant, and the operation of
Sections 5.1(3) and 5.1(6), but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose,
such covenant defeasance means that, with respect to such Securities, the Company may omit to comply with and shall have no liability
in respect of any term, condition or limitation set forth in any such Section or such other covenant, whether directly or indirectly,
by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section
or such other covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default
or an Event of Default under Section 5.1(3) or 5.1(6) or otherwise, as the case may be, but, except as specified above, the remainder
of this Indenture and such Securities shall be unaffected thereby.


 






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Section
4.6. CONDITIONS TO DEFEASANCE OR COVENANT DEFEASANCE. The following shall be the conditions to application of Section 4.4 or Section
4.5 to any Securities of or within a series:


 


(a) 
The Company shall have deposited or caused to be deposited irrevocably with the Trustee (or another trustee satisfying the requirements
of Section 6.11 who shall agree to comply with, and shall be entitled to the benefits of, the provisions of Sections 4.3 through 4.9
inclusive and the last paragraph of Section 9.3 applicable to the Trustee, for purposes of such Sections also a “Trustee”)
as trust funds in trust for the purpose of making the payments referred to in clauses (x) and (y) of this Section 4.6(a), with instructions
to the Trustee as to the application thereof, (A) money in an amount (in such currency, currencies or currency unit in which such Securities
are then specified as payable at Maturity), or (B) Government Obligations which through the payment of interest and principal in respect
thereof in accordance with their terms will provide, not later than one day before the due date of any payment referred to in clause
(x) or (y) of this Section 4.6(a), money in an amount or (C) a combination thereof in an amount, sufficient, in the determination of
a nationally recognized independent accounting or investment banking firm expressed in a written certification thereof delivered to the
Trustee in the case of clauses (B) or (C), to pay and discharge, and which shall be applied by the Trustee to pay and discharge, (x)
the principal of, premium, if any, and interest, if any, on such Securities on the Maturity of such principal or installment of principal
or interest and (y) any mandatory sinking fund payments applicable to such Securities on the day on which such payments are due and payable
in accordance with the terms of this Indenture and such Securities.


 


Before
such a deposit, the Company may make arrangements satisfactory to the Trustee for the redemption of such Securities at a future date
or dates in accordance with Article X which shall be given effect in applying the foregoing.


 


(b) 
The deposit pursuant to subsection (a) above shall not result in or constitute a Default or Event of Default under this Indenture or
result in a breach or violation of, or constitute a default under, any other material agreement or instrument to which the Company is
a party or by which it is bound.


 


(c) 
In the case of an election under Section 4.4, no Default or Event of Default under Section 5.1(4) or 5.1(5) with respect to such Securities
shall have occurred and be continuing during the period commencing on the date of such deposit and ending on the 91st day after such
date (it being understood that this condition shall not be deemed satisfied until the expiration of such period).


 






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(d) 
In the case of an election under Section 4.4, the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion
of Counsel to the effect that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling,
or (ii) since the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either case
to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize income, gain
or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts
and in the same manner and at the same times, as would have been the case if such deposit, defeasance and discharge had not occurred.


 


(e) 
In the case of an election under Section 4.5, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that
the Holders of such Securities 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.


 


(f) 
The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions
precedent to the defeasance under Section 4.4 or the covenant defeasance under Section 4.5 (as the case may be) have been complied with
and an Opinion of Counsel to the effect that either (i) as a result of a deposit pursuant to subsection (a) above and the related exercise
of the Company’s option under Section 4.4 or Section 4.5 (as the case may be), registration is not required under the Investment
Company Act of 1940, as amended, by the Company, with respect to the trust funds representing such deposit or by the trustee for such
trust funds or (ii) all necessary registrations under said act have been effected.


 


(g) 
Such defeasance or covenant defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations
which may be imposed on the Company in connection therewith as contemplated by Section 3.1.


 


Section
4.7. DEPOSITED MONEY AND GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST. Subject to the provisions of the last paragraph of Section 9.3,
all money and Government Obligations (or other property as may be provided pursuant to Section 3.1) (including the proceeds thereof)
deposited with the Trustee pursuant to Section 4.6 in respect of any Securities of any series shall 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 its own Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums
due and to become due thereon in respect of principal, premium, if any, and interest, if any, but such money need not be segregated from
other funds except to the extent required by law.


 






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If
specified with respect to a Security of any series pursuant to Section 3.1, if, after a deposit referred to in Section 4.6(a) has been
made, (i) the Holder of such Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 3.11(b)
or the terms of such Security to receive payment in a currency or currency unit other than that in which the deposit pursuant to Section
4.6(a) has been made in respect of such Security, or (ii) a Conversion Event occurs as contemplated in Section 3.11(d) or 3.11(e) or
by the terms of the Security in respect of which the deposit pursuant to Section 4.6(a) has been made, the indebtedness represented by
such Security shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of, premium,
if any, and interest, if any, on such Security as the same becomes due out of the proceeds yielded by converting (from time to time as
specified below in the case of any such election) the amount or other property deposited in respect of such Security into the currency
or currency unit in which such Security becomes payable as a result of such election or Conversion Event based on the applicable Market
Exchange Rate for such currency or currency unit in effect on the second Business Day prior to each payment date, except, with respect
to a Conversion Event, for such currency or currency unit in effect (as nearly as feasible) at the time of the Conversion Event.


 


Section
4.8. REPAYMENT TO COMPANY. The Trustee (and any Paying Agent) shall promptly pay to the Company upon Company Request any excess money
or securities held by them at any time.


 


Section
4.9. INDEMNITY FOR GOVERNMENT OBLIGATIONS. The Company shall pay, and shall indemnify the Trustee against, any tax, fee or other charge
imposed on or assessed against Government Obligations deposited pursuant to this Article or the principal and interest received on such
Government Obligations, other than any such tax, fee or other charge that by law is for the account of the Holders of the Securities
subject to defeasance or covenant defeasance pursuant to this Article.


 


Article
V



DEFAULTS AND REMEDIES 


 


Section
5.1. EVENTS OF DEFAULT. An “Event of Default” occurs with respect to the Securities of any series, except to the extent such
event is specifically deleted or modified by the applicable Board Resolutions or supplemental indenture as contemplated by Section 3.1
for the Securities of such series, if (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary
or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body):


 


(1) 
the Company defaults in the payment of interest on any Security of that series or any additional amount payable with respect to any Security
of that series as specified pursuant to Section 3.1(b)(17) when the same becomes due and payable and such default continues for a period
of 30 days;


 


(2) 
the Company defaults in the payment of the principal of or any premium on any Security of that series when the same becomes due and payable
at its Maturity or on redemption or otherwise, or in the payment of a mandatory sinking fund payment when and as due by the terms of
the Securities of that series;


 






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(3) 
the Company defaults in the performance of, or breaches, any covenant or warranty of the Company in this Indenture with respect to any
Security of that series (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section
specifically dealt with), and such default or breach continues for a period of 90 days after there has been given, by registered or certified
mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding
Securities of that series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice
is a “Notice of Default” hereunder;


 


(4) 
the Company, pursuant to or within the meaning of any Bankruptcy Law, (A) commences a voluntary case, (B) consents to the entry of an
order for relief against it in an involuntary case, (C) consents to the appointment of a Custodian of it or for all or substantially
all of its property, or (D) makes a general assignment for the benefit of its creditors;


 


(5) 
a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (A) is for relief against the Company in an
involuntary case, (B) appoints a Custodian of the Company or for all or substantially all of its property, or (C) orders the liquidation
of the Company; and the order or decree remains unstayed and in effect for 90 days; or


 


(6) 
any other Event of Default provided as contemplated by Section 3.1 with respect to Securities of that series.


 


The
term “Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors. The term
“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.


 


Section
5.2. ACCELERATION; RESCISSION AND ANNULMENT. If an Event of Default with respect to the Securities of any series at the time Outstanding
occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of all of the Outstanding Securities
of that series, by written notice to the Company (and, if given by the Holders, to the Trustee), may declare the principal (or, if the
Securities of that series are Original Issue Discount Securities or Indexed Securities, such portion of the principal amount or other
amount as may be specified in the terms of that series) of all the Securities of that series to be due and payable and upon any such
declaration such principal (or, in the case of Original Issue Discount Securities or Indexed Securities, such specified amount) shall
be immediately due and payable.


 


At
any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree
for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in aggregate
principal amount of the Outstanding Securities of that series, by written notice to the Trustee, may rescind and annul such declaration
and its consequences if all existing Defaults and Events of Default with respect to Securities of that series, other than the non-payment
of the principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived
as provided in Section 5.7. Upon any such rescission, the parties hereto shall be restored respectively to their several positions and
rights hereunder, and all rights, remedies and powers of the parties hereto shall continue as though no acceleration had occurred.


 






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Section
5.3. COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE. The Company covenants that if:


 


(1) 
default is made in the payment of any interest on any Security of any series, when such interest becomes due and payable and such default
continues for a period of 30 days, or


 


(2) 
default is made in the payment of the principal of (or premium, if any, on) any Security of any series at the Maturity thereof and such
default continues for a period of 10 days,


 


the
Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and
payable on such Securities for principal, premium, if any, and interest and, to the extent that payment of such interest shall be legally
enforceable, interest on any overdue principal, premium, if any, and on any overdue interest, at the rate or rates prescribed therefor
in such Securities.


 


If
the Company fails to pay such principal, premium, if any, and interest amounts forthwith upon such demand, the Trustee, in its own name
and as trustee of an express trust, may institute a judicial proceeding for the collection of such principal, premium, if any, and interest
amounts so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company.


 


In
addition, if an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion
proceed, in its own name and as trustee of an express trust, to protect and enforce its rights and the rights of the Holders of Securities
of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights,
whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein,
or to enforce any other proper remedy.


 


Section
5.4. TRUSTEE MAY FILE PROOFS OF CLAIM. The Trustee may file such proofs of claim and other papers or documents as may be necessary or
advisable in order to have the claims of the Trustee and the Holders of Securities of each series allowed in any judicial proceedings
relating to the Company, its creditors or its property.


 


Section
5.5. TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES. All rights of action and claims under this Indenture or the Securities
of any series may be prosecuted and enforced by the Trustee, in its own name and as trustee of an express trust, without the possession
of any of the Securities of such series or the production thereof in any proceeding relating thereto.


 


Section
5.6. DELAY OR OMISSION NOT WAIVER. No delay or omission by the Trustee or any Holder of any Securities to exercise any right or remedy
accruing upon an Event of Default shall impair any such right or remedy or constitute a waiver of or acquiescence in any such Event of
Default.


 






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Section
5.7. WAIVER OF PAST DEFAULTS. The Holders of a majority in aggregate principal amount of Outstanding Securities of any series by notice
to the Trustee may waive on behalf of the Holders of all Securities of such series a past Default or Event of Default with respect to
that series and its consequences except a Default or Event of Default (i) in the payment of the principal of, premium, if any, or interest
on any Security of such series or (ii) in respect of a covenant or provision hereof which pursuant to Section 8.2 cannot be amended or
modified without the consent of the Holder of each Outstanding Security of such series adversely affected. Upon any such 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 Event of Default or impair any right consequent thereon.
In case of any such waiver, the Company, the Trustee and the Holders shall be restored to their former positions and rights hereunder
and under the Securities of such series, respectively.


 


Section
5.8. CONTROL BY MAJORITY. The Holders of a majority in aggregate principal amount of the Outstanding Securities of each series affected
(with each such series voting as a class) shall have the right to direct the time, method and place of conducting any proceeding for
any remedy available to the Trustee or exercising any trust or power conferred on it with respect to Securities of that series; provided,
however, that (i) the Trustee may refuse to follow any direction that conflicts with law or this Indenture, (ii) the Trustee may refuse
to follow any direction that is unduly prejudicial to the rights of the Holders of Securities of such series not consenting, or that
would in the good faith judgment of the Trustee have a substantial likelihood of involving the Trustee in personal liability and (iii)
the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.


 


Section
5.9. LIMITATION ON SUITS BY HOLDERS. No Holder of any Security of any series shall have any right to institute any proceeding, judicial
or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless:


 


(1) 
the Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that
series;


 


(2) 
the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of that series have made a written request to
the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;


 


(3) 
such Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense to be,
or which may be, incurred by the Trustee in pursuing the remedy;


 


(4) 
the Trustee for 60 days after its receipt of such notice, request and the offer of indemnity has failed to institute any such proceedings;
and


 


(5) 
during such 60 day period, the Holders of a majority in aggregate principal amount of the Outstanding Securities of that series have
not given to the Trustee a direction inconsistent with such written request.


 






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No
one or more Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect,
disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other
of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit
of all of such Holders.


 


Section
5.10. RIGHTS OF HOLDERS TO RECEIVE PAYMENT. Notwithstanding any other provision of this Indenture, but subject to Section 9.2, the right
of any Holder of a Security to receive payment of principal of, premium, if any, and, subject to Sections 3.5 and 3.7, interest on the
Security of such Holder, on or after the respective due dates expressed in the Security of such Holder (or, in case of redemption, on
the redemption dates), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired
or affected without the consent of such Holder.


 


Section
5.11. APPLICATION OF MONEY COLLECTED. If the Trustee collects any money pursuant to this Article with respect to a particular series
of Securities, it shall pay out the money in the following order, at the date or dates fixed by the Trustee and, in case of the distribution
of such money on account of principal, premium, if any, or interest, upon presentation of the Securities of the applicable series and
the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:


 


First:
to the Trustee for amounts due under Section 6.8 in connection with such series of Securities in respect of which money or other property
is collected;


 


Second:
Subject to the terms of any subordination entered into as contemplated by Section 3.1(b) (27) hereof, to Holders of Securities of such
series in respect of which or for the benefit of which such money has been collected for amounts due and unpaid on such Securities for
principal of, premium, if any, and interest, ratably, without preference or priority of any kind, according to the amounts due and payable
on such Securities for principal, premium, if any, and interest, respectively; and


 


Third:
The balance, if any, to the Company.


 


The
Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 5.11. At least 15 days before such
record date, the Trustee shall mail to each Holder and the Company a notice that states the record date, the payment date and the amount
to be paid.


 


Unless
otherwise specified in a supplemental indenture with respect to a series of Securities, in any case where Securities of a series are
outstanding which are denominated in more than one currency, or in a composite currency and at least one other currency, and the Trustee
is directed to make ratable payments under this Section to Holders of Securities of such series, the Trustee shall calculate the amount
of such payments as follows: as of the day the Trustee collects an amount under this Article, the Trustee shall, (i) as to each Holder
of a Security of such series to whom an amount is due and payable under this Section which is denominated in a foreign currency or a
composite currency, determine that amount of Dollars that would be obtained for the amount owing such Holder, using the rate of exchange
at which in accordance with normal banking procedures the Trustee could purchase in Dollars as of such day with such amount owing, (ii)
calculate the sum of all Dollar amounts determined under (i) and add thereto any amounts due and payable in Dollars; and (iii) using
the individual amounts determined in (i) or any individual amounts due and payable in Dollars, as the case may be, as a numerator and
the sum calculated in (ii) as a denominator, calculate as to each Holder of a Security of such series to whom an amount is owed under
this Section the fraction of the amount collected under this Article payable to such Holder. Any expenses incurred by the Trustee in
actually converting amounts owing Holders of Securities of a series denominated in a currency or composite currency other than that in
which any amount is collected under this Article shall be likewise (in accordance with this paragraph) be borne ratably by all Holders
of Securities of such series to whom amounts are payable under this Section.


 






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Unless
otherwise specified in the supplemental indenture with respect to a series of Securities, to the fullest extent allowed under applicable
law, if for the purpose of obtaining judgment against the Company in any court it is necessary to convert the sum due in respect of the
principal of, or any premium or interest on the Securities of any series (the “Required Currency”) into a currency in which
judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with
normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the
New York Business Day preceding that on which final judgment is given. The Company shall not be liable for any shortfall in payments
to Holders of Securities of a series under this Section caused by a change in exchange rates between the time the amount of a judgment
against it is calculated as above and the time the Trustee converts the Judgment Currency into the Required Currency to make payments
under this Section to Holders of such Securities, but payment of such judgment shall discharge all amounts owed by the Company on the
claim or claims underlying such judgment.


 


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


 


Section
5.13. RIGHTS AND REMEDIES CUMULATIVE. Except as otherwise provided in Section 5.9 or with respect to the replacement or payment of mutilated,
destroyed, lost or stolen Securities in the last paragraph of Section 3.6, no right or remedy herein conferred upon or reserved to the
Trustee or the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted
by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion
or employment of any other appropriate right or remedy.


 






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Article
VI



THE TRUSTEE 


 


Section
6.1. DUTIES AND RESPONSIBILITIES OF TRUSTEE; RELIANCE ON DOCUMENTS, OPINIONS, ETC. (a) The Trustee, prior to the occurrence of an Event
of Default and after the curing or waiver of all Events of Default that may have occurred, undertakes to perform such duties and only
such duties as are specifically set forth in this Indenture. In the event an Event of Default has occurred and is continuing, the Trustee
shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in its exercise,
as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs; provided that if
an Event of Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the rights or powers under 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 in its reasonable discretion against any loss, liability or expense that might be incurred by it in compliance with such request
or direction.


 


No
provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent
failure to act or its own willful misconduct, except that:


 


(1) 
prior to the occurrence of an Event of Default and after the curing or waiving of all Events of Default that may have occurred:


 


(2) 
the duties and obligations of the Trustee shall be determined solely by the express provisions of this Indenture, and the Trustee shall
not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture and no implied
covenants or obligations shall be read into this Indenture against the Trustee; and


 


(3) 
in the absence of bad faith and willful misconduct on the part of the Trustee, the Trustee may conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture; but, in the case of any such certificates or opinions that by any provisions hereof
are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether
or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of any mathematical calculations
or other facts stated therein);


 


(4) 
the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Officers of the Trustee, unless
it shall be proved that the Trustee was grossly negligent in ascertaining the pertinent facts;


 


(5) 
the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction
of the Holders of not less than a majority of the aggregate principal amount of the Securities at the time outstanding relating to the
time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred
upon the Trustee, under this Indenture;


 






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(6) 
whether or not therein provided, every provision of this Indenture relating to the conduct or affecting the liability of, or affording
protection to, the Trustee shall be subject to the provisions of this clause (a) and clause (b) below;


 


(7) 
the Trustee shall not be liable in respect of any payment (as to the correctness of amount, entitlement to receive or any other matters
relating to payment) or notice effected by the Company or any Paying Agent or any records maintained by any co- Registrar with respect
to the Securities;


 


(8) 
if any party fails to deliver a notice relating to an event the fact of which, pursuant to this Indenture, requires notice to be sent
to the Trustee, the Trustee may conclusively rely on its failure to receive such notice as reason to act as if no such event occurred,
unless a Responsible Officer of the Trustee had actual knowledge of such event;


 


(9) 
in the absence of written investment direction from the Company, all cash received by the Trustee shall be placed in a non-interest bearing
trust account, and in no event shall the Trustee be liable for the selection of investments or for investment losses incurred thereon
or for losses incurred as a result of the liquidation of any such investment prior to its maturity date or the failure of the party directing
such investments prior to its maturity date or the failure of the party directing such investment to provide timely written investment
direction, and the Trustee shall have no obligation to invest or reinvest any amounts held hereunder in the absence of such written investment
direction from the Company; and


 


(10) 
in the event that the Trustee is also acting as custodian, Registrar, Paying Agent, Conversion Agent or transfer agent hereunder, the
rights and protections afforded to the Trustee pursuant to this Article VI shall also be afforded to such custodian, Registrar, Paying
Agent, Conversion Agent or transfer agent.


 


None
of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal or
financial liability in the performance of any of its duties or in the exercise of any of its rights or powers. The Trustee shall not
be required to give any bond or surety in respect of the performance of its powers or duties hereunder. The Trustee will be under no
obligation to exercise any of its rights and powers under this Indenture at the request or direction of the Holders unless such Holder
has offered to the Trustee security or indemnity satisfactory to it in its reasonable discretion against any loss, liability or expense.


 


(b) 
Except as otherwise provided in ‎the foregoing clause (a) of this Section 6.1:


 


(1) 
the Trustee may conclusively rely and shall be fully protected in acting upon any resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, bond, note, coupon or other paper or document believed by it in good faith to be genuine and
to have been signed or presented by the proper party or parties;


 


(2) 
any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an Officers’ Certificate
(unless other evidence in respect thereof be herein specifically prescribed); and any Board Resolution may be evidenced to the Trustee
by a copy thereof certified by the Corporate Secretary or an Assistant Secretary of the Company;


 






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(3) 
the Trustee may consult with counsel of its own selection and require an Opinion of Counsel and any advice of such counsel or Opinion
of Counsel shall be full and complete authorization and protection in respect of any action taken or omitted by it hereunder in good
faith and in accordance with such advice or Opinion of Counsel;


 


(4) 
the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document, but the Trustee,
in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall
determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney at the expense of the Company and shall incur no liability of any kind by reason of such inquiry or
investigation;


 


(5) 
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through a co-trustee,
agents, custodians, nominees or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any
agent, custodian, nominee or attorney appointed by it with due care hereunder;


 


(6) 
the permissive rights of the Trustee enumerated herein shall not be construed as duties;


 


(7) 
the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and reasonably believed by
it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture;


 


(8) 
the Trustee shall not be responsible for monitoring the performance of other persons or for the failure of others to perform their duties;


 


(9) 
the Holders will not direct the Trustee to take action contrary to this Indenture, the Securities or applicable law, and the Trustee
is not obligated to follow any instruction of the Holders that is contrary to this Indenture, the Securities or applicable law;


 


(10) 
the Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals and/or titles
of officers authorized at such time to take specified actions pursuant to this Indenture, which 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;


 


(11) 
the Trustee shall not be required to give any bond or surety in respect of the execution of the trusts and powers under this Indenture;


 


(12) 
in no event shall the Trustee be liable for any special, punitive, indirect or consequential loss or damage of any kind whatsoever (including
but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage and regardless of the
form of action;


 






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(13) 
the Trustee shall not be charged with knowledge of any Default or Event of Default with respect to the Securities, unless either (1)
a Responsible Officer shall have actual knowledge of such Default or Event of Default or (2) written notice of such Default or Event
of Default shall have been given to the Trustee by the Company or actually received by a Responsible Officer at the Corporate Trust Office
of the Trustee from the Company, a Paying Agent, any Holder or any agent of any Holder, referencing this Indenture;


 


(14) 
the Trustee shall not be responsible or liable for any failure or delay in the performance of its obligations under this Indenture arising
out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God;
earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or malfunction
of utilities, computer (hardware or soft-ware) or communication services; accidents; labor disputes; and acts of civil or military authorities
and governmental action; and


 


(15) 
neither the Trustee nor any of its directors, officers, employees, agents or affiliates shall be responsible for nor have any duty to
monitor the performance or any action of the Company, or any of their respective directors, members, officers, agents, affiliates or
employee, nor shall it have any liability in connection with the malfeasance or nonfeasance by such party, nor shall the Trustee be responsible
for any inaccuracy in the information obtained from the Company or for any inaccuracy or omission in the records which may result from
such information or any failure by the Trustee to perform its duties as set forth herein as a result of any inaccuracy or incompleteness.


 


Section
6.2. TRUSTEE, PAYING AGENTS, CONVERSION AGENTS OR REGISTRAR MAY HOLD SECURITIES. The Trustee, any Paying Agent, any Registrar or any
other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections
310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company, an Affiliate or Subsidiary with the same rights it would
have if it were not Trustee, Paying Agent, Registrar or such other agent.


 


Section
6.3. MONIES TO BE HELD IN TRUST. Subject to the provisions of Section 4.8 and the last paragraph of Section 9.3, all moneys received
by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need
not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for investment of or
interest on any money received by it hereunder except as otherwise agreed with the Company. Except for amounts deposited pursuant to
Article IV, so long as no Event of Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid
from time to time to the Company upon a Company Order. The Trustee shall not be obligated to take possession of any Common Stock, whether
upon conversion or in connection with any discharge of this Indenture pursuant hereto.


 






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Section
6.4. NO RESPONSIBILITIES FOR RECITALS, ETC. The recitals contained herein and in the Securities (except in the Trustee’s certificate
of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of
the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities, except that
the Trustee represents and warrants that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and
perform its obligations hereunder and thereunder; that the statements made by it in a Statement of Eligibility and Qualification on Form
T-1 supplied or to be supplied to the Company in connection with the registration of any Securities are and at the time of delivery will
be true and accurate; and that such Statement complies and at the time of delivery will comply with the requirements of the Trust Indenture
Act and the Securities Act, in each case, applicable to such Statement. The Trustee shall not be accountable for the use or application
by the Company of any Securities or the proceeds of any Securities authenticated and delivered by the Trustee in conformity with the
provisions of this Indenture.


 


Section
6.5. NOTICE OF DEFAULTS. If a Default occurs and is continuing with respect to the Securities of any series and if it is known to a Responsible
Officer of the Trustee, the Trustee shall, within 90 days after it occurs, transmit, in the manner and to the extent provided in Section
313(c) of the Trust Indenture Act, notice of all uncured Defaults known to it; provided, however, that, except in the case of a Default
in payment on the Securities of any series, the Trustee may withhold the notice if and so long as a trust committee of Responsible Officers
in good faith determines that withholding such notice is in the interests of Holders of Securities of that series; provided, further,
that in the case of any default or breach of the character specified in Section 5.1(3) with respect to the Securities of such series,
no such notice to Holders shall be given until at least 90 days after the occurrence thereof.


 


Section
6.6. REPORTS BY TRUSTEE TO HOLDERS. Within 60 days after each May 15 of each year commencing with the first May 15 after the first issuance
of Securities of any series pursuant to this Indenture, the Trustee shall transmit by mail to all Holders of Securities of such series
as provided in Section 313(c) of the Trust Indenture Act a brief report dated as of such May 15 if required by and in compliance with
Section 313(a) of the Trust Indenture Act. A copy of each report shall, at the time of such transmission to Holders, be filed by the
Trustee with each stock exchange, if any, upon which the Securities of any series are listed, with the Commission and with the Company.
The Company will promptly notify the Trustee when the Securities of any series are listed on any stock exchange and of any delisting
thereof.


 


(a) 
The Trustee shall from time to time transmit by mail to all Holders of Securities as provided in Section 313(c) of the Trust Indenture
Act, such reports as are required to be filed pursuant to Section 313(b) of the Trust Indenture Act.


 


Section
6.7. SECURITY HOLDER LISTS. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available
to it of the names and addresses of Holders of Securities of each series. If the Trustee is not the Registrar, the Company shall furnish
to the Trustee semiannually on or before the last day of June and December in each year, 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, containing all the information in the possession
or control of the Registrar, the Company or any of its Paying Agents other than the Trustee as to the names and addresses of Holders
of Securities of each such series.


 






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Section
6.8. COMPENSATION AND INDEMNITY. The Company covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled
to, compensation as agreed in writing between the Company and the Trustee for all services rendered by it hereunder in any capacity (which
shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as mutually agreed to in
writing between the Trustee and the Company, and the Company will pay or reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances reasonably incurred or made by the Trustee in accordance with any of the provisions of this Indenture in any
capacity thereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel and of all Persons
not regularly in its employ and including reasonable attorneys’ fees in connection with enforcement of its rights to indemnity herein)
except any such expense, disbursement or advance as shall have been caused by its gross negligence, willful misconduct or bad faith.
The Company also covenants to indemnify the Trustee in any capacity under this Indenture and any other document or transaction entered
into in connection herewith and its agents and any authenticating agent for, and to hold them harmless against, any loss, claim, damage,
liability, fee, cost, loss, tax, claim, action or expense incurred without gross negligence, willful misconduct or bad faith on the part
of the Trustee, its officers, directors, agents or employees, or such agent or authenticating agent, as the case may be, and arising
out of or in connection with the acceptance or administration of this Indenture or in any other capacity hereunder, including third-party
claims and claims involving the Company, and including the costs and expenses of defending themselves against any claim of liability
in the premises or enforcing this indemnity. The obligations of the Company under this Section 6.8 to compensate or indemnify the Trustee
and to pay or reimburse the Trustee for expenses, disbursements and advances shall be secured by a senior claim to which the Securities
of the applicable series are hereby made subordinate on all money or property held or collected by the Trustee, except, subject to the
effect of Section 5.11, funds held in trust herewith for the benefit of the Holders of particular Securities. The Trustee’s right to
receive payment of any amounts due under this Section 6.8 shall not be subordinate to any other liability or indebtedness of the Company.
The obligation of the Company under this Section 6.8 shall survive the satisfaction and discharge of this Indenture and the earlier resignation
or removal of the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably
withheld. The indemnification provided in this Section 6.8 shall extend to the officers, directors, agents and employees of the Trustee.


 


Without
prejudice to any other rights available to the Trustee under applicable law, when the Trustee and its agents and any Authenticating Agent
incur expenses or render services after an Event of Default specified in Section 5.1(4) or Section 5.1(5) occurs, the expenses and the
compensation for the services are intended to constitute expenses of administration under any bankruptcy, insolvency or similar laws.


 


Section
6.9. SEPARATE TRUSTEE; REPLACEMENT OF TRUSTEE. The Company may, but need not, appoint a separate Trustee for any one or more series of
Securities. The resignation or removal of the Trustee and the appointment of a successor Trustee shall become effective only upon the
successor Trustee’s acceptance of appointment as provided in Section 6.10. In the event of an appointment of a separate Trustee
for any one or more series of Securities, the allocation of responsibilities between the separate Trustees shall be determined at that
time.


 






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(a) 
The Trustee may resign at any time with respect to the Securities of any one or more series by giving written notice thereof to the Company.
If the instrument of acceptance by a successor Trustee required by Section 6.10 shall not have been delivered to the Trustee within 30
days after the giving of such notice of resignation, the resigning Trustee may (at the Company’s expense) petition any court of
competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series.


 


(b) 
The Holders of a majority in aggregate principal amount of the Outstanding Securities of any series may remove the Trustee with respect
to any one or more series by so notifying the Trustee and the Company in writing and may appoint a successor Trustee for such series
with the Company’s consent.


 


If
an instrument of acceptance by a successor Trustee required by Section 6.10 shall not have been delivered to the Trustee within 30 days
after the giving of such notice of removal, the Trustee being removed may petition any court of competent jurisdiction for the appointment
of a successor Trustee with respect to the Securities of such series.


 


(c) 
If at any time:


 


(1) 
the Trustee fails to comply with Section 310(b) of the Trust Indenture Act after written request therefor by the Company or by any Holder
who has been a bona fide Holder of a Security for at least six months, or


 


(2) 
the Trustee shall cease to be eligible under Section 6.11 hereof or Section 310(a) of the Trust Indenture Act and shall fail to resign
after written request therefor by the Company or by any Holder of a Security who has been a bona fide Holder of a Security for at least
six months; or


 


(3) 
the Trustee becomes incapable of acting, is adjudged a bankrupt or an insolvent or a receiver or public officer takes charge of the Trustee
or its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case, (i) the Company may
remove the Trustee with respect to all Securities, or (ii) subject to Section 315(e) of the Trust Indenture Act, any Holder who has been
a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court
of competent jurisdiction for the removal of the Trustee with respect to Securities of the series held by such Holder and the appointment
of a successor Trustee or Trustees.


 


(d) 
If the Trustee resigns or is removed or becomes incapable of acting or if a vacancy exists in the office of Trustee for any reason, with
respect to Securities of one or more series, the Company shall promptly appoint a successor Trustee with respect to the Securities of
that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more
or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and
shall comply with the applicable requirements of Section 6.10. If, within one year after such resignation, removal or incapability, or
the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders
of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the
successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements
of Section 6.10, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor
Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by
the Company or the Holders and accepted appointment in the manner required by Section 6.10, then, subject to Section 315(e) of the Trust
Indenture Act, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself
and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect
to the Securities of such series.


 






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Section
6.10. ACCEPTANCE OF APPOINTMENT BY SUCCESSOR. In case of the appointment hereunder of a successor Trustee with respect to Securities
of any series, every such successor Trustee shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument
accepting such appointment. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee,
without further act, deed or conveyance, shall become vested with all the rights, powers and duties of the retiring Trustee; but, on
the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an
instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer
and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder.


 


(a) 
In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company,
the retiring Trustee and such successor Trustee shall execute and deliver an indenture supplemental hereto wherein such successor Trustee
shall accept such appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm
to, and to vest in, such successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities
of that or those series to which the appointment of such successor Trustee relates, (ii) if the retiring Trustee is not retiring with
respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is
not retiring shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture
as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood
that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other
such Trustee and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall
become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become
vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series
to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee
shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with
respect to the Securities of that or those series to which the appointment of such successor Trustee relates.


 


(b) 
No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under the Trust Indenture Act.


 






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(c) 
The Company shall give, or cause to be given, notice of each resignation and each removal of the Trustee with respect to the Securities
of any series and each appointment of a successor Trustee with respect to the Securities of any series in the manner provided for notices
to the Holders of Securities in Section 1.6. Each notice shall include the name of the successor Trustee with respect to the Securities
of such series and the address of its Corporate Trust Office.


 


Section
6.11. ELIGIBILITY; DISQUALIFICATION. There shall at all times be a Trustee hereunder with respect to each series of Securities (which
need not be the same Trustee for all series). Each Trustee hereunder shall be eligible to act as trustee under Section 310(a)(1) of the
Trust Indenture Act and shall have a combined capital and surplus of at least $100,000,000. If such corporation publishes reports of
condition at least annually, pursuant to law or the requirements of federal, state, territorial or District of Columbia supervising or
examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be
its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease
to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter
specified in this Article.


 


If
the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate
such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this
Indenture.


 


Section
6.12. MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS. Any corporation into which the Trustee may be merged or converted
or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to or acquiring all or substantially all of the corporate trust business of the Trustee,
shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article,
without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall
have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to, or
by succession to or acquisition of all or substantially all of the corporate trust business of, such authenticating Trustee may adopt
such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated
such Securities.


 






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Section
6.13. APPOINTMENT OF AUTHENTICATING AGENT. The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series
of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original
issue exchange, registration of transfer or partial redemption thereof, and Securities so authenticated shall be entitled to the benefits
of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment
shall be evidenced by an instrument in writing signed by a Responsible Officer of the Trustee, a copy of which instrument shall be promptly
furnished to the Company. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee
or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf
of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating
Agent. Each Authenticating Agent shall be acceptable to the Company and, except as may otherwise be provided pursuant to Section 3.1,
shall at all times be a bank or trust company or corporation organized and doing business and in good standing under the laws of the
United States of America or of any State or the District of Columbia, authorized under such laws to act as Authenticating Agent, having
a combined capital and surplus of not less than $1,500,000 and subject to supervision or examination by Federal or State authorities.
If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or the requirements of the aforesaid supervising
or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be
deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time an
Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign
immediately in the manner and with the effect specified in this Section.


 


Any
corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to or
acquiring the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent,
provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or further act
on the part of the Trustee or the Authenticating Agent.


 


An
Authenticating Agent for any series of Securities may at any time resign by giving written notice of resignation to the Trustee for such
series and to the Company. The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by
giving written notice of termination to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or
upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions
of this Section, the Trustee for such series may appoint a successor Authenticating Agent which shall be acceptable to the Company and
shall give notice of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will
serve in the manner set forth in Section 1.6. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become
vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating
Agent herein. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section.


 


The
Company agrees to pay to each Authenticating Agent from time to time such reasonable compensation as the Company and such Authenticating
Agent agree in writing from time to time including reimbursement of its reasonable expenses for its services under this Section.


 


If
an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon,
in addition to or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication substantially
in the following form:


 






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This
is one of the [Securities] [of the series designated herein and] referred to in the within-mentioned Indenture.


 


	 	[________], as Trustee
	 	 	 
	 	By 	 
	 	 	as Authenticating Agent
	 	 	 
	 	By 	 
	 	 	Authorized Signatory



 


Article
VII



CONSOLIDATION, MERGER OR SALE BY THE COMPANY 


 


Section
7.1. CONSOLIDATION, MERGER OR SALE OF ASSETS. The Company may not merge or consolidate with or into any other Person, in a transaction
in which it is not the surviving corporation, or sell, convey, transfer or otherwise dispose of all or substantially all of its assets
to any Person, unless (i) surviving or transferee Person is organized and existing under the laws of the United States or a State thereof
and such Person expressly assumes by supplemental indenture all the obligations of the Company under each series of Securities and under
this Indenture, (ii) immediately thereafter, giving effect to such merger or consolidation, or such sale, conveyance, transfer or other
disposition, no Default or Event of Default shall have occurred and be continuing and (iii) the Company shall have delivered to the Trustee
an Officer’s Certificate and an Opinion of Counsel each stating that such merger, consolidation, sale, conveyance, transfer or
other disposition complies with this Article and that all conditions precedent herein provided for relating to such transaction have
been complied with. In the event of the assumption by a successor Person of the obligations of the Company, such successor Person shall
succeed to and be substituted for the Company hereunder and under each series of Securities and all such obligations of the Company shall
terminate.


 


Article
VIII



SUPPLEMENTAL INDENTURES 


 


Section
8.1. SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS. Without the consent of any Holders, the Company and the Trustee, at any time
and from time to time, may enter into indentures supplemental hereto for any of the following purposes:


 


(1) 
to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants and obligations
of the Company herein and in Securities (with such changes herein and therein as may be necessary or advisable to reflect such Person’s
legal status, if such Person is not a corporation); or


 


(2) 
to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (and if such covenants are to
be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit
of such series) or to surrender any right or power herein conferred upon the Company or to comply with any requirement of the Commission
or otherwise in connection with the qualification of this Indenture under the Trust Indenture Act or otherwise; or


 






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(3) 
to add any additional Events of Default with respect to all or any series of Securities; or


 


(4) 
to add to or change any of the provisions of this Indenture to such extent as shall be necessary to facilitate or provide for the issuance
of Securities in global form in addition to or in place of Securities in certificated form; or


 


(5) 
to change or eliminate any of the provisions of this Indenture, provided that any such change or elimination shall become effective only
with respect to Securities which have not been issued as of the execution of such supplemental indenture or when there is no Security
Outstanding of any series created prior to the execution of such supplemental indenture which is entitled to the benefit of such provision;
or


 


(6) 
to add guarantees with respect to all or any series of Securities; or


 


(7) 
to convey, transfer, assign, mortgage or pledge any property to or with the Trustee; or


 


(8) 
to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and
discharge of any series of Securities pursuant to Sections 4.1, 4.4, and 4.5; provided that any such action shall not adversely affect
the interests of the Holders of Securities of such series or any other series of Securities in any material respect; or


 


(9) 
to establish the form or terms of Securities of any series as permitted by Sections 2.1 and 3.1; or


 


(10) 
to provide for the delivery of indentures supplemental hereto or the Securities of any series in or by means of any computerized, electronic
or other medium, including without limitation by computer diskette; or


 


(11) 
to evidence and provide for the acceptance of appointment hereunder by a successor or separate Trustee with respect to the Securities
of one or more series and/or to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate
the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Article VI; or


 


(12) 
to correct or supplement any provision herein which may be inconsistent with any other provision herein or to cure any ambiguity or omission
or to correct any mistake; or


 


(13) 
to make any other provisions with respect to matters or questions arising under this Indenture, provided such action shall not adversely
affect the interests of the Holders of Securities of any series in any material respect.


 






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Section
8.2. WITH CONSENT OF HOLDERS. Without prior notice to any Holder but with the written consent of the Holders of a majority of the aggregate
principal amount of the Outstanding Securities of each series adversely affected by such supplemental indenture (with the Securities
of each series voting as a class), the Company and the Trustee may enter into an indenture or indentures supplemental hereto to add any
provisions to or to change or eliminate any provisions of this Indenture or of any other indenture supplemental hereto or to modify the
rights of the Holders of Securities of each such series; provided, however, that without the consent of the Holder of each Outstanding
Security of such series adversely affected thereby, a supplemental indenture under this Section may not:


 


(1) 
change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security of such series, or reduce
the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount
of the principal of an Original Issue Discount Security or Indexed Security that would be due and payable upon a declaration of acceleration
of the Maturity thereof pursuant to Section 5.2, or change any Place of Payment where, or the coin or currency in which any Securities
of such series or any premium or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such
payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date);


 


(2) 
reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any
such supplemental indenture, or the consent of whose Holders is required for any waiver of compliance with certain provisions of this
Indenture or certain defaults hereunder and their consequences provided for in this Indenture;


 


(3) 
except to the extent provided in Section 8.1(11), make any change in Section 5.7 or this 8.2 except to increase any percentage or to
provide that certain other provisions of this Indenture cannot be modified or waived except with the consent of the Holders of each Outstanding
Security of such series affected thereby, provided, however, that this clause shall not be deemed to require the consent of any Holders
with respect to changes in the references to the “Trustee” and concomitant changes in this Section, in accordance with the
requirements of Sections 6.10(b) and 8.1(11); or


 


(4) 
modify the ranking or priority of the Securities of such series.


 


For
the purposes of this Section 8.2, if the Securities of any series are issuable upon the exercise of warrants, any holder of an unexercised
and unexpired warrant with respect to such series shall not be deemed to be a Holder of Outstanding Securities of such series in the
amount issuable upon the exercise of such warrants.


 


A
supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included
solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such
series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders
of Securities of any other series.


 






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It
is not necessary under this Section 8.2 for the Holders to consent to the particular form of any proposed supplemental indenture, but
it is sufficient if they consent to the substance thereof.


 


Section
8.3. COMPLIANCE WITH TRUST INDENTURE ACT. Every amendment to this Indenture or the Securities of one or more series shall be set forth
in a supplemental indenture that complies with the Trust Indenture Act as then in effect.


 


Section
8.4. EXECUTION OF SUPPLEMENTAL INDENTURES. In executing, or accepting the additional trusts created by, any supplemental indenture permitted
by this Article or the modification thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and shall
be fully protected in relying upon an Officer’s Certificate and Opinion of Counsel stating that all conditions precedent to the
execution of such supplemental indenture have been satisfied and an Opinion of Counsel stating that the execution of such supplemental
indenture is authorized or permitted by this Indenture and that such supplemental indenture is the legal, valid and binding obligation
of the Company. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which adversely affects the
Trustee. The Trustee shall enter into any such supplemental indenture presented to it by the Company in compliance with this Article
VIII if such supplemental indenture does not adversely affect the Trustee, as determined in its sole discretion. In formulating its opinion
on such matters the Trustee shall be entitled to rely on such evidence as it deems appropriate, which may be or include, without limitation,
reliance solely on an opinion or advice of its counsel.


 


Section
8.5. EFFECT OF SUPPLEMENTAL INDENTURES. Upon the execution of any supplemental indenture under this Article, this Indenture shall be
modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder
of Securities of the applicable series theretofore or thereafter authenticated and delivered hereunder and shall be bound thereby; provided
that if such supplemental indenture makes any of the changes described in clauses (1) through (4) of the first proviso to Section 8.2,
such supplemental indenture shall bind each Holder of a Security of the applicable series who has consented to it and every subsequent
Holder of such Security or any part thereof.


 


Section
8.6. REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES. Securities of any series authenticated and delivered after the execution of
any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved by the
Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series
so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed
by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series.


 






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Article
IX



COVENANTS


 


Section
9.1. PAYMENT OF PRINCIPAL, PREMIUM, IF ANY, AND INTEREST. The Company covenants and agrees for the benefit of the Holders of each series
of Securities that it will duly and punctually pay the principal of, premium, if any, and interest on the Securities of that series in
accordance with the terms of the Securities of such series, and this Indenture. An installment of principal, premium, if any, or interest
shall be considered paid on the date it is due if the Trustee or Paying Agent holds on that date money designated for and sufficient
to pay the installment.


 


Section
9.2. MAINTENANCE OF OFFICE OR AGENCY. If Securities of a series are issued as Registered Securities, the Company will maintain in each
Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered for
payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to
or upon the Company in respect of the Securities of that series 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 any such office or agency. If at any time the Company shall
fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and demands (provided, however, that the foregoing appointment
shall not impose or imply any obligation on the part of the Trustee to maintain any office for any such purposes other than the Corporate
Trust Office.)


 


Subject
to the preceding paragraphs, the Company may also from time to time designate one or more other offices or agencies where the Securities
of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations;
provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office
or agency in each Place of Payment for Securities of any series for such purposes. 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.


 


Unless
otherwise specified as contemplated by Section 3.1, the Trustee shall initially serve as Paying Agent. The Paying Agent may make reasonable
rules not inconsistent herewith for the performance of its functions.


 


Section
9.3. MONEY FOR SECURITIES TO BE HELD IN TRUST; UNCLAIMED MONEY. If the Company shall at any time act as its own Paying Agent with respect
to any series of Securities, it will, on or before each due date of the principal of, premium, if any, or interest on any of the Securities
of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal, premium,
if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will
promptly notify the Trustee in writing of any failure so to act.


 


Whenever
the Company shall have one or more Paying Agents for any series of Securities, it will, on or prior to each due date of the principal
of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such
sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly notify
the Trustee of any failure so to act.


 






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If
the Company is not acting as its own Paying Agent, the Company will cause each Paying Agent for any series of Securities other than the
Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions
of this Section, that such Paying Agent will:


 


(1) 
hold all sums held by it for the payment of the principal of, premium, if any, or interest on Securities of that series in trust for
the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided;


 


(2) 
give the Trustee notice of any Default by the Company (or any other obligor upon the Securities of that series) in the making of any
payment of principal, premium, if any, or interest on the Securities of that series; and


 


(3) 
at any time during the continuance of any such Default, upon the written request of the Trustee, forthwith pay to the Trustee all sums
so held in trust by such Paying Agent.


 


Notwithstanding
anything in this Section 9.3 to the contrary, the Company may at any time, for the purpose of obtaining the satisfaction and discharge
of this Indenture, or with respect to one or more series of Securities, or for any other purpose, pay, or by Company Order direct any
Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon
the same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent
to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.


 


Subject
to applicable abandoned property laws, any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust
for the payment of any principal, premium or interest or other amounts on any Security of any series and remaining unclaimed for two
years after such principal, premium, if any, or interest or other amounts has become due and payable shall be paid to the Company (including
interest income on such funds, if any), or (if then held by the Company) shall be discharged from such trust; and the Holder of such
Security, shall thereafter, as an unsecured general creditor, 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, shall thereupon cease.


 


Section
9.4. CORPORATE EXISTENCE. Subject to Article VII, the Company will at all times do or cause to be done all things necessary to preserve
and keep in full force and effect its corporate existence.


 


Section
9.5. REPORTS BY THE COMPANY. The Company covenants, at any time at which there are Outstanding Securities of any series issued under
this Indenture:


 


(a) 
to file with the Trustee, within 30 days after the Company is required to file the same with the Commission, copies of the annual reports
and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time
to time by rules and regulations prescribe) which the Company may be required to file with the Commission pursuant to section 13 or section
15(d) of the Securities Exchange Act of 1934, as amended; or, if the Company is not required to file information, documents or reports
pursuant to either of such sections, then to file with the Trustee and the Commission, in accordance with rules and regulations prescribed
from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required
pursuant to section 13 of the Securities Exchange Act of 1934, as amended, in respect of a security listed and registered on a national
securities exchange as may be prescribed from time to time in such rules and regulations;


 






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(b) 
to file with the Trustee and the Commission, in accordance with the rules and regulations prescribed from time to time by the Commission,
such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided
for in this Indenture, as may be required from time to time by such rules and regulations; and


 


(c) 
to transmit to all Holders of Securities within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided
in section 313(c) of the Trust Indenture Act, such summaries of any information, documents and reports required to be filed by the Company
pursuant to subsections (a) and (b) of this Section 9.5, as may be required by rules and regulations prescribed from time to time by
the Commission.


 


Section
9.6. ANNUAL REVIEW CERTIFICATE. At any time at which there are Outstanding Securities of any series issued under this Indenture, the
Company covenants and agrees to deliver to the Trustee, within 120 days after the end of each fiscal year of the Company, a brief certificate
from the principal executive officer, principal financial officer, or principal accounting officer as to his or her knowledge of whether
the Company is in Default under this Indenture. For purposes of this Section 9.6, such compliance shall be determined without regard
to any period of grace or requirement of notice provided under this Indenture.


 


Article
X



REDEMPTION 


 


Section
10.1. APPLICABILITY OF ARTICLE. Securities of or within any series which are redeemable in whole or in part before their Stated Maturity
shall be redeemable in accordance with their terms and (except as otherwise specified in the applicable Board Resolution or supplemental
indenture with respect to such series of Securities, as contemplated by Section 3.1 for Securities of any series) in accordance with
this Article.


 


Section
10.2. ELECTION TO REDEEM; NOTICE TO TRUSTEE. The election of the Company to redeem any Securities shall be evidenced by a Board Resolution.
In the case of any redemption at the election of the Company of less than all the Securities of any series of the same tenor, the Company
shall, at least 60 days (45 days in the case of redemption of all Securities of any series or of any series with the same (i) Stated
Maturity, (ii) period or periods within which, price or prices at which and terms and conditions upon which such Securities may or shall
be redeemed or purchased, in whole or in part, at the option of the Company or pursuant to any sinking fund or analogous provision or
repayable at the option of the Holder and (iii) rate or rates at which such Securities bear interest, if any, or formula pursuant to
which such rate or rates accrue (collectively, the “Equivalent Principal Terms”)) prior to the Redemption Date fixed by the
Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date of the principal amount
of Securities of such series to be redeemed and, if applicable, of the tenor of such Securities to be redeemed. In the case of any redemption
of Securities of a series (i) prior to the expiration of any restriction on such redemption provided in the terms of such Securities
or elsewhere in this Indenture or (ii) pursuant to an election of the Company which is subject to a condition specified in the terms
of such Securities, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance with such restriction
or condition.


 






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Section
10.3. SELECTION OF SECURITIES TO BE REDEEMED. If less than all the Securities with Equivalent Principal Terms of any series are to be
redeemed (unless all of the Securities of such series and of a specified tenor are to be redeemed), the particular Securities to be redeemed
shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not
previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection
for redemption of portions (equal to the minimum authorized denomination for Securities of that series with Equivalent Principal Terms
or any integral multiple thereof) of the principal amount of Securities of such series with Equivalent Principal Terms of a denomination
larger than the minimum authorized denomination for Securities of that series. Unless otherwise provided in the terms of a particular
series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized
denomination of the Securities of such series, or an integral multiple thereof, and the principal amount which remains outstanding shall
not be less than the minimum authorized denomination for Securities of such series.


 


The
Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Securities selected
for partial redemption, the principal amount thereof to be redeemed. If the Securities of a series having different issue dates, interest
rates and maturities (whether or not originally issued in a Periodic Offering) are to be redeemed, the Company in its discretion may
select the particular Securities or portions thereof to be redeemed and shall notify the Trustee thereof by such time prior to the relevant
redemption date or dates as the Company and the Trustee may agree.


 


For
purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate,
in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which
has been or is to be redeemed.


 


Section
10.4. NOTICE OF REDEMPTION. Unless otherwise specified as contemplated by Section 3.1, notice of redemption shall be given by first-class
mail, postage prepaid, mailed not less than 30 days nor more than 60 days prior to the Redemption Date, unless a shorter period is specified
in the Securities to be redeemed, to each Holder of the Securities to be redeemed.


 


All
notices of redemption shall state:


 


(1) 
the Redemption Date;


 






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(2) 
the Redemption Price and the amount of accrued interest, if any, to be paid;


 


(3) 
if less than all the Outstanding Securities of a series are to be redeemed, the identification (and, in the case of partial redemption
of any Securities, the principal amounts) of the particular Security or Securities to be redeemed;


 


(4) 
in case any Security is to be redeemed in part only, the notice which relates to such Security shall state that on and after the Redemption
Date, upon surrender of such Security, the Holder of such Security will receive, without a charge, a new Security or Securities of authorized
denominations for the principal amount thereof remaining unredeemed;


 


(5) 
the Place or Places of Payment where such Securities are to be surrendered for payment for the Redemption Price;


 


(6) 
that Securities of the series called for redemption appertaining thereto must be surrendered to the Paying Agent to collect the Redemption
Price;


 


(7) 
that, on the Redemption Date, the Redemption Price will become due and payable upon each such Security, or the portion thereof, to be
redeemed and, if applicable, that interest thereon will cease to accrue on and after said date;


 


(8) 
that the redemption is for a sinking fund, if such is the case;


 


(9) 
the CUSIP number and/or ISIN, if any, of such Securities.


 


Notice
of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request,
by the Trustee in the name and at the expense of the Company (provided that the Company prepare and provide to the Trustee the form of
such notice, or, if acceptable to the Trustee, provides sufficient information to enable the Trustee to prepare such notice, in each
case on a timely basis.)


 


Section
10.5. DEPOSIT OF REDEMPTION PRICE. On or prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent
(or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 9.3) an amount of money in
the currency or currencies (including currency units or composite currencies) in which the Securities of such series are payable (except
as otherwise specified pursuant to Section 3.1 for the Securities of such series) sufficient to pay on the Redemption Date the Redemption
Price of, and (unless the Redemption Date shall be an Interest Payment Date) interest accrued to the Redemption Date on, all Securities
or portions thereof which are to be redeemed on that date.


 


Unless
any Security by its terms prohibits any sinking fund payment obligation from being satisfied by delivering and crediting Securities (including
Securities redeemed otherwise than through a sinking fund), the Company may deliver such Securities to the Trustee for crediting against
such payment obligation in accordance with the terms of such Securities and this Indenture.


 






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Section
10.6. SECURITIES PAYABLE ON REDEMPTION DATE. Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall,
on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company
shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest and such Securities
shall cease from and after the Redemption Date to be entitled to any benefit or security under this Indenture, and the Holders thereof
shall have no right in respect of such Securities except the right to receive the Redemption Price thereof and unpaid interest to the
Redemption Date. Except as provided in the next succeeding paragraph, upon surrender of any such Security for redemption in accordance
with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest, if any, to the
Redemption Date; provided, however, that, unless otherwise specified as contemplated by Section 3.1, installments of interest on Registered
Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or
more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the
provisions of Section 3.7.


 


If
any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall,
until paid, bear interest from the Redemption Date at the rate prescribed therefor in such Security.


 


Section
10.7. SECURITIES REDEEMED IN PART. Upon surrender of a Security that is redeemed only in part at any Place of Payment therefor (with,
if the Company or the Trustee so require, due endorsement by, or a written instrument of transfer in form satisfactory to the Company
and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), the Company shall execute and the Trustee
shall authenticate and deliver to the Holder of that Security, without service charge, a new Security or Securities of the same series,
having the same form, terms and Stated Maturity, in any authorized denomination equal in aggregate principal amount to the unredeemed
portion of the principal amount of the Security surrendered.


 


Article
XI



SINKING FUNDS 


 


Section
11.1. APPLICABILITY OF ARTICLE. The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities
of a series except as otherwise specified as contemplated by Section 3.1 for Securities of such series.


 


The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory
sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is
herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash
amount of any sinking fund payment may be subject to reduction as provided in Section 11.2. Each sinking fund payment shall be applied
to the redemption of Securities of any series as provided for by the terms of Securities of such series.


 






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Section
11.2. SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES. The Company (i) may deliver Outstanding Securities of a series (other than
any previously called for redemption) and (ii) may apply as a credit Securities of a series which have been redeemed either at the election
of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant
to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities
of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided that
such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee
at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking
fund payment shall be reduced accordingly.


 


Section
11.3. REDEMPTION OF SECURITIES FOR SINKING FUND. Not less than 60 days prior to each sinking fund payment date for any series of Securities,
the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing sinking fund payment
for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash and the
portion thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 11.2 and
will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date
the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 10.3 and
cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section
10.4. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in
Sections 10.6 and 10.7.


 


This
Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute
but one instrument.


 






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


 


	 	MOVANO inc.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	[____________________], as Trustee
	 	 
	 	By:	                                   
	 	Name:  	 
	 	Title:	 


 


 


[Signature page to Indenture]


 


 


 


 


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