Exhibit
4.2


 


Form
of Indenture


 


INTEGRITY
APPLICATIONS, INC.


 


ISSUER


 


and


 





 



 


INDENTURE
TRUSTEE


 


INDENTURE


 


Dated
as of ______, _____


 





 



 






    	 



     


    

 


TABLE
OF CONTENTS


 


	 	 	Page
	 	 	 
	Article
    1
	Definitions
	 	 	2
	Section
    1.01.	Certain
    Terms Defined; Rules of Construction	 
	 	 	 
	Article
    2
	Securities
	 	 	 
	Section
    2.01.	Forms
    Generally	5
	Section
    2.02.	Form
    of Trustee’s Certification of Authentication	5
	Section
    2.03.	Amount
    Unlimited; Issuable in Series	7
	Section
    2.04.	Authentication
    and Delivery of Securities	8
	Section
    2.05.	Execution
    of Securities	9
	Section
    2.06.	Certificate
    of Authentication	9
	Section
    2.07.	Denomination
    and Date of Securities; Payments of Interest	10
	Section
    2.08.	Registration,
    Transfer and Exchange	10
	Section
    2.09.	Mutilated,
    Defaced, Destroyed, Lost and Stolen Securities	11
	Section
    2.10.	Cancellation
    of Securities; Destruction Thereof	11
	Section
    2.11.	Temporary
    Securities	12
	Section
    2.12.	Authenticating
    Agent	12
	Section
    2.13.	Global
    Securities	12
	Section
    2.14.	CUSIP
    Numbers	13
	Article
    3
	Covenants
    of the Issuer
	 	 	 
	Section
    3.01.	Payment
    of Principal and Interest	14
	Section
    3.02.	Offices
    for Payments, etc	14
	Section
    3.03.	Paying
    Agents	14
	Section
    3.04.	Certificate
    of the Issuer	15
	Section
    3.05.	Reports
    by the Issuer	15
	Section
    3.06.	Existence	15
	 	 	 
	Article
    4
	Remedies
    of the Trustee and Holders on Event of Default
	 	 	 
	Section
    4.01.	Event
    of Default; Acceleration of Maturity; Waiver of Default	15
	Section
    4.02.	Collection
    of Indebtedness by Trustee; Trustee May Prove Debt	17
	Section
    4.03.	Application
    of Proceeds	19
	Section
    4.04.	Suits
    for Enforcement	19
	Section
    4.05.	Restoration
    of Rights on Abandonment of Proceedings	19
	Section
    4.06.	Limitations
    on Suits by Holder	20
	Section
    4.07.	Unconditional
    Right of Holders to Institute Certain Suits	20
	Section
    4.08.	Powers
    and Remedies Cumulative; Delay or Omission Not Waiver of Default	20
	Section
    4.09.	Control
    by Holders	20
	Section
    4.10.	Waiver
    of Past Defaults	21
	Section
    4.11.	Trustee
    to Give Notice of Default, But May Withhold in Certain Circumstances	21
	Section
    4.12.	Right
    of Court to Require Filing of Undertaking to Pay Costs	21



 




    	i



     


    

 


TABLE
OF CONTENTS


(continued)


 


	 		Page
	 	 	 
	Article
    5
	Concerning
    the Trustee
	 	 	 
	Section
    5.01.	Duties
    and Responsibilities of the Trustee; During Default; Prior to Default	21
	Section
    5.02.	Trustee’s
    Obligations with Respect to the Covenants	21
	Section
    5.03.	Moneys
    Held by Trustee	22
	Section
    5.04.	Reports
    by the Trustee to Holders	22
	Section
    5.05.	Certain
    Rights of the Trustee	22
	Section
    5.06.	Trustee
    and Agents May Hold Securities; Collections, etc	23
	Section
    5.07.	Compensation
    and Indemnification of Trustee and Its Prior Claim	23
	Section
    5.08.	Right
    of Trustee to Rely on Officer’s Certificate, etc	23
	Section
    5.09.	Disqualification;
    Conflicting Interests	24
	Section
    5.10.	Persons
    Eligible for Appointment as Trustee	24
	Section
    5.11.	Resignation
    and Removal; Appointment of Successor Trustee	24
	Section
    5.12.	Acceptance
    of Appointment by Successor	25
	Section
    5.13.	Merger,
    Conversion, Consolidation or Succession to Business of Trustee	25
	Section
    5.14.	Preferential
    Collection of Claims Against the Issuer	26
	Section
    5.15.	Trustee’s
    Disclaimer	26
	 	 	 
	Article
    6
	Concerning
    the Holders
	 	 	 
	Section
    6.01.	Evidence
    of Action Taken by Holders	26
	Section
    6.02.	Proof
    of Execution of Instruments and of Holding of Securities; Record Date	26
	Section
    6.03.	Holders
    to Be Treated as Owners	26
	Section
    6.04.	Securities
    Owned by Issuer Deemed Not Outstanding	27
	Section
    6.05.	Right
    of Revocation of Action Taken	27
	Article
    7
	Amendments,
    Supplements and Waivers
	 	 	 
	Section
    7.01.	Supplemental
    Indentures without Consent of Holders	27
	Section
    7.02.	Supplemental
    Indentures with Consent of Holders	28
	Section
    7.03.	Execution
    of Amendments or Supplemental Indentures or Waivers	29
	Section
    7.04.	Effect
    of Amendment, Supplemental Indenture or Waiver	29
	Section
    7.05.	Effect
    of Consent	29
	Section
    7.06.	Notation
    on Securities in Respect of Amendments, Supplemental Indentures or Waivers	30
	Section
    7.07.	Conformity
    with the Trust Indenture Act	30
	 	 	 
	Article
    8
	Consolidation,
    Merger, Sale or Conveyance
	 	 	 
	Section
    8.01.	Consolidation,
    Merger or Sale of Assets by the Issuer	30
	Section
    8.02.	Successor
    Substituted	30


 






    	ii



     


    

 


TABLE
OF CONTENTS


(continued)


 


	 	 	Page
	 	 	 
	Article
    9
	Defeasance
    and Discharge; Unclaimed Moneys
	 	 	 
	Section
    9.01.	Satisfaction
    and Discharge of Indenture	31
	Section
    9.02.	Legal
    Defeasance	32
	Section
    9.03.	Covenant
    Defeasance	32
	Section
    9.04.	Application
    by Trustee of Funds Deposited for Payment of Securities	33
	Section
    9.05.	Repayment
    of Moneys Held by Paying Agent	33
	Section
    9.06.	Return
    of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years	33
	 	 	 
	Article
    10
	Miscellaneous
    Provisions
	 	 	 
	Section
    10.01.	Incorporators,
    Stockholders, Employees, Officers and Directors of Issuer Exempt from Individual Liability	33
	Section
    10.02.	Provisions
    of Indenture for the Sole Benefit of Parties and Holders	33
	Section
    10.03.	Successors
    and Assigns of Issuer Bound by Indenture	33
	Section
    10.04.	Notices
    and Demands on Issuer, Trustee and Holders	33
	Section
    10.05.	Officer’s
    Certificates and Opinions of Counsel; Statements to Be Contained Therein	34
	Section
    10.06.	Payments
    Due on Saturdays, Sundays and Holidays	35
	Section
    10.07.	Trust
    Indenture Act of 1939	35
	Section
    10.08.	New
    York Law to Govern	35
	Section
    10.09.	Counterparts	35
	Section
    10.10.	Effect
    of Headings	35
	Section
    10.11.	Separability	35
	 	 	 
	Article
    11
	Redemption
    of Securities and Sinking Fund Provisions
	 	 	 
	Section
    11.01.	Applicability
    of Article	35
	Section
    11.02.	Notice
    of Redemption; Partial Redemptions	35
	Section
    11.03.	Payment
    of Securities Called for Redemption	36
	Section
    11.04.	Exclusion
    of Certain Securities from Eligibility for Selection for Redemption	36
	Section
    11.05.	Mandatory
    and Optional Sinking Funds	36


 




    	iii



     


    

 


THIS
INDENTURE, dated as of [  ] between INTEGRITY APPLICATIONS, INC., a Delaware corporation (the “Issuer”), and [  ], a
national banking association (the “Trustee”),


 


W
I T N E S S E T H:


 


WHEREAS,
for its lawful corporate purposes, the Issuer has duly authorized the execution and delivery of the Indenture to provide for the issuance
of unsecured debt securities in one or more series (the “Securities”) up to such principal amount or amounts as may
from time to time be authorized in accordance with the terms of the Indenture and to provide, among other things, for the authentication,
delivery and administration thereof;


 


WHEREAS,
all things necessary to make the Indenture a valid indenture and agreement according to its terms have been done;


 


WHEREAS,
the Indenture is subject to, and will be governed by, the provisions of the Trust Indenture Act of 1939 (the “Trust Indenture
Act”) that are required to be a part of and govern indentures qualified under the Trust Indenture Act; and


 


NOW,
THEREFORE, in consideration of the premises and the purchases of the Securities by the holders thereof, the Issuer and the Trustee mutually
covenant and agree for the equal and proportionate benefit of the respective holders from time to time of the Securities as follows:


 




    	1



     


    

 


ARTICLE
1

Definitions


 


Section
1.01. Certain Terms Defined; Rules of Construction. The following terms (except as otherwise expressly provided or unless the
context otherwise clearly requires) for all purposes of the Indenture and of any indenture supplemental hereto shall have the respective
meanings specified in this Section. All other terms used in the Indenture that are defined in the Trust Indenture Act, or the definitions
of which are referred to in the Trust Indenture Act, including terms defined therein by reference to the Securities Act (except as herein
otherwise expressly provided or unless the context otherwise clearly requires), shall have the meanings assigned to such terms in the
Trust Indenture Act and in the Securities Act as in force at the date of the Indenture. All accounting terms used herein and not expressly
defined shall have the meanings assigned to such terms in accordance with generally accepted accounting principles, and the term “generally
accepted accounting principles” means such accounting principles as are generally accepted at the time of any computation.
The word “principal” whenever used with reference to the Securities or any Security or any portion thereof, shall
be deemed to include “and premium, if any”. The words “herein”, “hereof” and “hereunder”
and other words of similar import refer to the Indenture as a whole and not to any particular Article, Section or other subdivision.
The terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular.
Except as otherwise expressly provided or unless the context otherwise clearly requires, references to agreements or instruments, or
to statutes or regulations, are to such agreements or instruments, or statutes or regulations, as amended from time to time (or to successor
statutes and regulations).


 


“Agent
Member” means a member of, or a participant in, the Depositary.


 


“Authenticating
Agent” means an authenticating agent with respect to any of the series of Securities appointed with respect to all or any series
of the Securities by the Trustee pursuant to Section 2.12.


 


“Bankruptcy
Law” means Title 11 of the United States Code or any similar Federal or State law for the relief of debtors.


 


“Board
of Directors” means either the Board of Directors of the Issuer or any committee of such Board duly authorized to act hereunder.


 


“Business
Day” means, with respect to any Security, a day that in the Borough of Manhattan, City of New York is not a day on which banking
institutions are authorized by law or regulation to close.


 


“Capital
Stock” means:


 


(a)
with respect to any Person that is a corporation, any and all shares, interests, participations or other equivalents (however designated
and whether or not voting) of corporate stock, including each class of Common Stock and Preferred Stock of such Person, and all options,
warrants or other rights to purchase or acquire any of the foregoing; and


 


(b)
with respect to any Person that is not a corporation, any and all partnership, membership or other equity interests of such Person, and
all options, warrants or other rights to purchase or acquire any of the foregoing.


 


“Commission”
means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or if at any time after
the execution and delivery of the 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 on such date.


 


“Common
Stock” of any Person means any and all shares, interests or other participations in, and other equivalents (however designated
and whether voting or non-voting) of, such Person’s common stock, whether outstanding on the Issue Date or issued after the Issue
Date, and includes, without limitation, all series and classes of such common stock.


 


“company”
means a corporation or a limited liability company.


 


“Corporate
Trust Office” means the office of the Trustee (i) for bond transfer purposes and for purposes of presentment and surrender
of the Securities for the final distributions thereon is [  ], [  ], Attention: [  ], and (ii) for all other purposes is [  ], [  ], Attention:
[  ].


 


“Depositary”
means, with respect to Securities of any series, for which the Issuer shall determine that such Securities will be issued as a Global
Security, the Depository Trust Company, New York, New York, another clearing agency, or any successor registered as a clearing agency
under the Exchange Act, or other applicable statute or regulation, which, in each case, shall be designated by the Issuer pursuant to
either Section 2.01 or Section 2.13.


 






    	2



     


    

 


“Event
of Default” has the meaning assigned to such term in Section 4.01.


 


“Exchange
Act” means the Securities Exchange Act of 1934 and any successor thereto, in each case as amended from time to time.


 


“Global
Security” means, with respect to any series of Securities, a Security executed by the Issuer and delivered by the Trustee to
the Depositary or pursuant to a safekeeping agreement with the Depositary, all in accordance with the Indenture, which shall be registered
in global form without interest coupons in the name of the Depositary or its nominee.


 


“Governmental
Obligations” means securities that are (i) direct obligations of the United States of America 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 of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United
States of America that, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a
depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such Governmental
Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account
of the holder of such depositary receipt; provided however, that (except as required by law) such custodian is not authorized
to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect
of the Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary
receipt.


 


“Holder”
means the registered holder of any Security.


 


“Holding
Company Reorganization” shall mean a merger of the Issuer with and into a newly formed wholly-owned, indirect Subsidiary (“MergerCo”)
of the Issuer, all of the equity interest of which shall be held by a newly formed, wholly-owned, direct Subsidiary of the Issuer (“New
HoldCo”). Such merger shall be effected pursuant to Section 251(g) of the General Corporation Law of the State of Delaware
(or comparable provisions of the laws of the Issuer’s state of incorporation) and shall not require the vote of the Issuer’s
stockholders. Each share of Common Stock of the Issuer shall be converted in such merger into a right to receive one share of the Common
Stock of New HoldCo, with identical terms and rights as the Issuer’s Common Stock immediately prior to such conversion.


 


“Indebtedness”
means with respect to any Person, without duplication:


 


(a)
all obligations of such person for borrowed money; and


 


(b)
all obligations of such person evidenced by bonds, debentures, notes or other similar instruments.


 


“Indenture”
means this instrument as originally executed and delivered or, if amended or supplemented as herein provided, as so amended or supplemented
or both, and shall include the forms and terms of particular series of Securities established as contemplated hereunder.


 


“Interest
Payment Date”, when used with respect to any installment of interest on a Security of a particular series, means the date specified
in such Security or in a Resolution of the Board of Directors or in an indenture supplemental hereto with respect to such series as the
fixed date on which an installment of interest with respect to Securities of that series is due and payable.


 


“Issue
Date” means the date of original issuance of Securities of any series.


 


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


 






    	3



     


    

 


“Issuer
Order” has the meaning assigned to such term in Section 2.04.


 


“Lien”
means any lien, mortgage, deed of trust, hypothecation, pledge, security interest, charge or encumbrance of any kind.


 


“Officer”
means the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the Chief Accounting Officer, the Chief Legal
Officer, the Chief Administrative Officer, any President, any Vice President, the Controller, the Secretary or any Assistant Secretary,
of the Issuer.


 


“Officer’s
Certificate” means a certificate signed on behalf of the Issuer by an Officer of the Issuer.


 


“Opinion
of Counsel” means an opinion in writing signed by legal counsel who may be an employee of or counsel to the Issuer.


 


“Original
Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to be due and
payable upon a declaration of acceleration of the maturity thereof pursuant to Section 4.01.


 


“Outstanding”,
when used with reference to Securities, shall, subject to the provisions of Section 6.04, mean, as of any particular time, all Securities
authenticated and delivered by the Trustee under the Indenture, except:


 


(a)
Securities cancelled by the Trustee or accepted by the Trustee for cancellation;


 


(b)
Securities, or portions thereof, for the payment or redemption of which moneys in the necessary amount to pay all amounts then due shall
have been deposited in trust with the Trustee or with any paying agent (other than the Issuer) or shall have been set aside, segregated
and held in trust by the Issuer for the holders of such Securities (if the Issuer shall act as its own paying agent), provided
that if such Securities, or portions thereof, are to be redeemed prior to the maturity thereof, notice of such redemption shall have
been given as herein provided, or provision satisfactory to the Trustee shall have been made for giving such notice; and


 


(c)
Securities in substitution for which other Securities shall have been authenticated and delivered, or which shall have been paid, pursuant
to the terms of Section 2.09 unless and until the Trustee and the Issuer receive proof satisfactory to them that the substituted Security
is held by a bona fide purchaser.


 


In
determining whether the holders of the requisite principal amount of Outstanding Securities of any or all series have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Security that
shall be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such
determination upon a declaration of acceleration of the maturity thereof pursuant to Section 4.01.


 


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


 


“Preferred
Stock” of any Person means any Capital Stock of such Person that has preferential rights to any other Capital Stock of such
Person with respect to dividends or redemptions or upon liquidation.


 


“Register”
has the meaning assigned to it in Section 2.08.


 


“Registrar”
means a Person engaged to maintain the Register.


 


“Resolution
of the Board of Directors” means a copy of the resolution certified by the secretary or an assistant secretary of the Issuer
to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification.


 






    	4



     


    

 


“Responsible
Officer” when used with respect to the Trustee means any officer of the Trustee within the Corporate Trust Office of the Trustee
with direct responsibility for the administration of the Indenture and also, with respect to a particular matter, any other officer of
the Trustee to whom such matter is referred because of such officer’s knowledge and familiarity with the particular subject.


 


“Securities
Act” means the Securities Act of 1933 and any statute successor thereto, in each case as amended from time to time.


 


“Security”
or “Securities” has the meaning stated in the first recital of the Indenture, or, as the case may be, Securities that
have been authenticated and delivered under the Indenture.


 


“Significant
Subsidiary”, with respect to any Person, means any Subsidiary of such Person that satisfies the criteria for a “significant
subsidiary” as set forth in Rule 1-02(w) of Regulation S-X under the Exchange Act.


 


“Subsidiary”
means any corporation, limited liability company, limited partnership or other similar type of business entity in which the Issuer and/or
one or more of its Subsidiaries together own more than 50% of the total voting power of shares of Capital Stock entitled (without regard
to the occurrence of any contingency) to vote in the election of the Board of Directors or similar governing body of such corporation,
limited liability company, limited partnership or other similar type of business entity, directly or indirectly.


 


“Trustee”
means the Person identified as “Trustee” in the first paragraph hereof and any successor trustee under the Indenture pursuant
to Article 5.


 


“Trust
Indenture Act” means the Trust Indenture Act of 1939 and any statute successor thereto, in each case as amended from time to
time.


 


“vice
president” when used with respect to the Issuer, means any vice president, whether or not designated by a number or a word
or words added before or after the title of “vice president”.


 


“Yield
to Maturity” means the yield to maturity on a series of securities, calculated at the time of issuance of such series, or,
if applicable, at the most recent redetermination of interest on such series, and calculated in accordance with accepted financial practice.


 


ARTICLE
2

Securities


 


Section
2.01. Forms Generally. The Securities of each series shall be substantially in such form as shall be established by or pursuant
to a Resolution of the Board of Directors and set forth in an Officer’s Certificate, or 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
the Indenture and may have imprinted or otherwise reproduced thereon such legends, notations or endorsements as may be required to comply
with any law or with any rules or regulations pursuant thereto, or with any rules of any securities exchange or to conform to general
usage, all as may be determined by the officer executing such Securities, as evidenced by such officer’s execution of the Securities.


 


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


 


Section
2.02. Form of Trustee’s Certification of Authentication. The Trustee’s certificate of authentication on all Securities
shall be in substantially the following form:


 






    	5



     


    

 


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


 


	 	[  ],
	 	as
    Trustee
	 	 	 
	 	by:	 
	 	 	Authorized
    Signatory


 






    	6



     


    

 


Section
2.03. Amount Unlimited; Issuable in Series. Subject to compliance with the representations, warranties and covenants set forth
herein, in an Officer’s Certificate, in any indenture supplemental hereto and in any amendment hereto or thereto, the aggregate
principal amount of Securities which may be authenticated and delivered under the Indenture is unlimited.


 


The
Securities may be issued in one or more series. There shall be established in or pursuant to a Resolution of the Board of Directors and
set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities
of any series:


 


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


 


(b)
any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under the Indenture
(except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities
of the series pursuant to Section 2.08, 2.09 or 2.11);


 


(c)
the date or dates on which the principal of the Securities of the series is payable;


 


(d)
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 by
which such rate shall be determined (including, but not limited to, any commodity, commodity index, stock exchange index or financial
index), the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable and
the record dates for the determination of Holders to whom interest is payable on such Interest Payment Dates;


 


(e)
the right, if any, to extend the interest payment periods and the duration of such extension;


 


(f)
the place or places where the principal of and any interest on Securities of the series shall be payable (if other than as provided in
Section 3.02);


 


(g)
the price or prices at which, the period or periods within which and the terms and conditions upon which Securities of the series may
be redeemed, in whole or in part, at the option of the Issuer, pursuant to any sinking fund or otherwise;


 


(h)
the obligation, if any, of the Issuer to redeem, purchase or repay Securities of the series pursuant to any sinking fund or otherwise
or at the option of a Holder thereof and the price or prices at which and the period or periods within which and the terms and conditions
upon which Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation;


 


(i)
if other than denominations of $2,000 and any multiple of $1,000 in excess thereof, the denominations in which Securities of the series
shall be issuable;


 


(j)
the percentage of the principal amount at which the Securities will be issued, and, if other than the principal amount thereof, the portion
of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the maturity thereof pursuant
to Section 4.01 or provable in bankruptcy pursuant to Section 4.02;


 


(k)
whether the Securities are issuable under Rule 144A, Regulation S and/or any exemption from registration under the Securities Act and,
in such case, any provisions unique to such form of issuance including any transfer restrictions or exchange and registration rights;


 


(l)
whether the Securities are issuable as a Global Security and, in such case, the identity for the depositary for such series, if other
than the Depositary;


 






    	7



     


    

 


(m)
any deletion from, modification of or addition to the Events of Default or covenants provided for with respect to the Securities of the
series;


 


(n)
any provisions granting special rights to holders when a specified event occurs;


 


(o)
whether and under what circumstances the Issuer will pay additional amounts on the Securities of the series held by a person who is not
a U.S. person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Issuer will have
the option to redeem the securities of the series rather than pay such additional amounts;


 


(p)
any special tax implications of the notes, including provisions for Original Issue Discount Securities;


 


(q)
any trustees, authenticating or paying agents, transfer agents or registrars or any other agents with respect to the Securities of such
series;


 


(r)
any guarantor or co-issuer of the Securities of the series;


 


(s)
any special interest premium or other premium;


 


(t)
whether the Securities are convertible or exchangeable into common stock or other equity securities of the Issuer or a combination thereof
and the terms and conditions upon which such conversion or exchange shall be effected;


 


(u)
the currency in which payments shall be made, if other than U.S. dollars; and


 


(v)
any and all other terms of the Securities of any series.


 


All
Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or
pursuant to such Resolution of the Board of Directors and set forth in an Officer’s Certificate, or in any 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
for issuance of additional Securities of such series. Additional Securities of such series will be consolidated with, and form a single
series with, Securities then Outstanding of such series; provided, however, that if such additional Securities of such series are not
fungible with the Securities of such series for U.S. federal income tax purposes, the additional Securities of such series will have
a separate CUSIP number.


 








Any
additional Securities shall be established in or pursuant to a Resolution of the Board of Directors and set forth in an Officer’s
Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series the following
information:


 


(i)
the aggregate principal amount of such additional Securities to be authenticated and delivered pursuant to the Indenture


 


(ii)
the issue price, issue date and CUSIP number, if any, of such additional Securities; and


 


(iii)
whether such additional Securities shall be transfer restricted Securities or have any registration or exchange rights.


 


Section
2.04. Authentication and Delivery of Securities. At any time and from time to time after the execution and delivery of the Indenture,
the Issuer may deliver Securities of any series executed by the Issuer to the Trustee for authentication, together with a written order
of the Issuer, signed in the name of the Issuer by its Chairman of the Board, its President, any Vice President, its Controller, its
Secretary or any Assistant Secretary, and delivered to the Trustee (an “Issuer Order”). The Trustee, in accordance
with such written order, shall authenticate and deliver such Securities.


 






    	8



     


    

 


In
authenticating such Securities and accepting the additional responsibilities under the Indenture in relation to such Securities, the
Trustee shall be entitled to receive and (subject to Section 5.01) shall be fully protected in relying upon:


 


(a)
a certified copy of any resolution or resolutions of the Board of Directors authorizing the action taken pursuant to the resolution or
resolutions delivered under clause 2.04(b) below;


 


(b)
a copy of any resolution or resolutions of the Board of Directors relating to such series, in each case certified by the secretary or
an assistant secretary of the Issuer;


 


(c)
an executed supplemental indenture, if any;


 


(d)
in lieu of a supplemental indenture, an Officer’s Certificate setting forth the form and terms of the Securities as required pursuant
to Section 2.01 and 2.03, respectively, and prepared in accordance with Section 10.05;


 


(e)
an Opinion of Counsel, prepared in accordance with Section 10.05, to the effect that


 


(i)
the form or forms and terms of such Securities have been established by or pursuant to a Resolution of the Board of Directors and set
forth in an Officer’s Certificate, or by a supplemental indenture as permitted by Section 2.01 and 2.03 in conformity with the
provisions of the Indenture; and


 


(ii)
such Securities, when authenticated and delivered by the Trustee and issued by the Issuer in the manner and subject to any conditions
specified in such Opinion of Counsel, will constitute valid and binding obligations of the Issuer entitled to the benefits of the Indenture,
and enforceable against the Issuer in accordance with their terms, except to the extent that enforcement thereof may be limited by bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance or similar laws now or hereafter in effect relating to creditor’s
rights generally, and general principles of equity (regardless of whether enforceability is considered in a proceeding in equity or at
law).


 


The
Trustee shall have the right to decline to authenticate and deliver any Securities under this section if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken by the Issuer or if the Trustee in good faith by its board of directors
or board of trustees, executive committee, or a trust committee of directors or trustees or Responsible Officers shall determine that
such action would expose the Trustee to personal liability.


 


Section
2.05. Execution of Securities. The Securities shall be signed in the name of the Issuer by any one of the following officers:
the chairman of the Board of Directors, the chief executive officer, the chief financial officer, any president, any executive vice president,
the treasurer or the secretary of the Issuer. Such signature may be the manual or facsimile signature of the present or any future such
officer. Typographical and other minor errors or defects in any such signature shall not affect the validity or enforceability of any
Security that has been duly authenticated and delivered by the Trustee.


 


In
case any officer of the Issuer who shall have signed any of the Securities shall cease to be such officer before the Security so signed
shall be authenticated and delivered by the Trustee or disposed of by the Issuer, such Security nevertheless may be authenticated and
delivered or disposed of as though the person who signed such Security had not ceased to be such officer of the Issuer; and any Security
may be signed on behalf of the Issuer by such person as, at the actual date of the execution of such Security, shall be the proper officer
of the Issuer, although at the date of the execution and delivery of the Indenture any such person was not such an officer.


 


Section
2.06. Certificate of Authentication. Only such Securities as shall bear thereon a certificate of authentication substantially
in the form set forth herein, executed by the Trustee by the manual signature of one of its authorized officers, shall be entitled to
the benefits of the Indenture. Such certificate by the Trustee upon any Security executed by the Issuer shall be conclusive evidence
that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits
of the Indenture.


 






    	9



     


    

 


Section
2.07. Denomination and Date of Securities; Payments of Interest. The Securities shall be issuable as registered securities without
coupons and in denominations as shall be specified as contemplated by Section 2.03. In the absence of any such specification with respect
to the Securities of any series, the Securities of such series shall be issuable in denominations of $2,000 and any multiple of $1,000
in excess thereof. The Securities shall be numbered, lettered, or otherwise distinguished in such manner or in accordance with such plan
as the officer of the Issuer executing the same may determine with the approval of the Trustee as evidenced by the execution and authentication
thereof.


 


In
the absence of any such specification with respect to the Securities of any series, the principal of and the interest on the Securities
of such series, shall be payable in the coin or currency of the United States of America that at the time is legal tender for public
and private debt, at the office or agency of the Issuer maintained for that purpose.


 


Each
Security shall be dated the date of its authentication, shall bear interest, if any, from the date and shall be payable on the dates,
in each case, established as contemplated by Section 2.03.


 


The
person in whose name any Security of any series is registered at the close of business on any record date applicable to a particular
series with respect to any interest payment date for such series shall be entitled to receive the interest, if any, payable on such interest
payment date notwithstanding any transfer or exchange of such Security subsequent to the record date and prior to such interest payment
date, except if and to the extent the Issuer shall default in the payment of the interest due on such interest payment date for such
series, in which case such defaulted interest shall be paid to the persons in whose names Outstanding Securities for such series are
registered at the close of business on a subsequent record date (which shall be not less than five Business Days prior to the date of
payment of such defaulted interest) established by notice given by mail by or on behalf of the Issuer to the Holders not less than 15
days preceding such subsequent record date. The term “record date” as used with respect to any interest payment date
(except a date for payment of defaulted interest) shall mean the date specified as such in the terms of the Securities of any particular
series, or, if no such date is so specified, if such interest payment date is the first day of a calendar month, the fifteenth day of
the next preceding calendar month or, if such interest payment date is the fifteenth day of a calendar month, the first day of such calendar
month, whether or not such record date is a Business Day.


 


Section
2.08. Registration, Transfer and Exchange. The Issuer may appoint one or more Registrars. The Issuer initially appoints the Trustee
as Registrar. The Issuer will keep or cause to be kept at each office or agency to be maintained for the purpose as provided in Section
3.02 a register or registers (the “Register”) in which, subject to such reasonable regulations as it may prescribe,
it will register, and will register the transfer of, Securities as in this Article provided. The Register shall be in written form in
the English language or in any other form capable of being converted into such form within a reasonable time. At all reasonable times
the Register shall be open for inspection by the Trustee.


 


Upon
due presentation for registration of transfer of any Security of any series at any such office or agency to be maintained for the purpose
as provided in Section 3.02, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the transferee or
transferees a new Security or Securities of the same series in authorized denominations for a like aggregate principal amount.


 


Any
Security or Securities of any series may be exchanged for a Security or Securities of the same series in other authorized denominations,
in an equal aggregate principal amount. Securities of any series to be exchanged shall be surrendered at any office or agency to be maintained
by the Issuer for the purpose as provided in Section 3.02, and the Issuer shall execute and the Trustee shall authenticate and deliver
in exchange therefor the Security or Securities of the same series which the Holder making the exchange shall be entitled to receive,
bearing numbers not contemporaneously Outstanding.


 


All
Securities presented for registration of transfer, exchange, redemption or payment shall (if so required by the Issuer or the Trustee)
be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Issuer and the
Trustee duly executed by, the holder or his attorney duly authorized in writing, together with signature guarantees for such holder or
attorney.


 


The
Issuer or the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection
with any exchange or registration of transfer of Securities. No service charge shall be made for any such transaction.


 






    	10



     


    

 


Neither
the Issuer nor the Trustee shall be required to exchange or register a transfer of (a) any Securities of any series for a period of 15
days preceding the first mailing of notice of redemption of Securities of such series to be redeemed, or (b) any Securities selected,
called or being called for redemption except, in the case of any Security where public notice has been given that such Security is to
be redeemed in part, the portion thereof not so to be redeemed.


 


In
addition to the transfer requirements provided in this Section 2.08, any Security or Securities will be subject to such further transfer
restrictions as may be contained in an Officer’s Certificate or indenture supplemental hereto applicable to such series of Securities.


 


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


 


Section
2.09. Mutilated, Defaced, Destroyed, Lost and Stolen Securities. In case any temporary or definitive Security shall become mutilated,
defaced or be destroyed, lost or stolen, the Issuer in its discretion may execute, and upon the receipt of an Issuer Order, the Trustee
shall authenticate and deliver, a new Security of the same series, bearing a number not contemporaneously Outstanding, in exchange and
substitution for the mutilated or defaced Security, or in lieu of and substitution for the Security so destroyed, lost or stolen. In
every case the applicant for a substitute Security shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the
Trustee such security or indemnity as may be required by them to indemnify and defend and to save each of them harmless and, in every
case of destruction, loss or theft, evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership
thereof.


 


Upon
the issuance of any substitute Security, the Issuer or the Trustee 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) connected
therewith. In case any Security which has matured or is about to mature or has been called for redemption in full shall become mutilated
or defaced or be destroyed, lost or stolen, the Issuer may instead of issuing a substitute Security, pay or authorize the payment of
the same (without surrender thereof except in the case of a mutilated or defaced Security), if the applicant for such payment shall furnish
to the Issuer and to the Trustee and any agent of the Issuer or the Trustee such security or indemnity as any of them may require to
save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Issuer and the
Trustee and any agent of the Issuer or the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security
and of the ownership thereof. In case the mutilated, deleted, destroyed, or lost or stolen Security has become or is about to become
due and payable, the Issuer in its discretion may pay the Security instead of issuing a substitute Security.


 


Every
substitute Security of any series issued pursuant to the provisions of this section by virtue of the fact that any such Security is destroyed,
lost or stolen shall constitute an additional contractual obligation of the Issuer, 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 (but shall be subject to all the limitations
of rights set forth in) the Indenture equally and proportionately with any and all other Securities of such series duly authenticated
and delivered hereunder. All Securities shall be held and owned upon the express condition that, to the extent permitted by law, the
foregoing provisions are exclusive with respect to the replacement or payment of mutilated, defaced or destroyed, lost or stolen Securities
and shall preclude any and all other rights or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary
with respect to the replacement or payment of negotiable instruments or other securities without their surrender.


 


Section
2.10. Cancellation of Securities; Destruction Thereof. All Securities surrendered for payment, redemption, registration of transfer
or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or any agent of
the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by
it; and no Securities shall be issued in lieu thereof except as expressly permitted by any of the provisions of the Indenture. On written
request of the Issuer at the time of such surrender, the Trustee shall deliver to the Issuer the Securities cancelled by the Trustee.
In the absence of such request, the Trustee shall cancel Securities held by it in accordance with its customary procedures and deliver
a certificate of destruction to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as
a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee
for cancellation.


 






    	11



     


    

 


Section
2.11. Temporary Securities. Pending the preparation of definitive Securities for any series, the Issuer may execute and the Trustee
shall, upon receipt of an Issuer Order, authenticate and deliver temporary Securities for such series (printed, lithographed, typewritten
or otherwise reproduced, in each case in form satisfactory to the Trustee). Temporary Securities of any series shall be issuable as registered
Securities without coupons, of any authorized denomination, and substantially in the form of the definitive Securities of such series
but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Issuer
with the concurrence of the Trustee. Temporary Securities may contain such reference to any provisions of the Indenture as may be appropriate.
Every temporary Security shall be executed by the Issuer and be authenticated by the Trustee upon the same conditions and in substantially
the same manner, and with like effect, as the definitive Securities. Without unreasonable delay the Issuer shall execute and shall furnish
definitive Securities of such series and thereupon temporary Securities of such series may be surrendered in exchange therefor without
charge at each office or agency to be maintained by the Issuer for that purpose pursuant to Section 3.02, and the Trustee shall, upon
receipt of an Issuer Order, authenticate and deliver in exchange for such temporary Securities of such series a like aggregate principal
amount of definitive Securities of the same series of authorized denominations. Until so exchanged, the temporary Securities of any series
shall be entitled to the same benefits under the Indenture as definitive Securities of such series.


 


Section
2.12. Authenticating Agent. So long as any of the Securities of any series remain Outstanding there may be an Authenticating Agent
for any or all such series of Securities which the Trustee shall have the right to appoint. Said Authenticating Agent shall be authorized
to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, transfer or partial redemption thereof,
and Securities so authenticated shall be entitled to the benefits of the Indenture and shall be valid and binding for all purposes as
if authenticated by the Trustee hereunder. All references in the Indenture to the authentication of Securities by the Trustee shall be
deemed to include authentication by an Authenticating Agent for such series. Each Authenticating Agent shall be acceptable to the Issuer
and shall be a corporation that has a combined capital and surplus, as most recently reported or determined by it, sufficient under the
laws of any jurisdiction under which it is organized or in which it is doing business to conduct a trust business, and that is otherwise
authorized under such laws to conduct such business and is subject to supervision or examination by Federal or State authorities. If
at any time any Authenticating Agent shall cease to be eligible in accordance with these provisions, it shall resign immediately. Any
Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee and to the Issuer. The Trustee may
at any time (and upon written request by the Issuer shall) terminate the agency of any Authenticating Agent by giving written notice
of termination to such Authenticating Agent and to the Issuer. Upon resignation, termination or cessation of eligibility of any Authenticating
Agent, the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Issuer. Any successor Authenticating Agent,
upon acceptance of its appointment hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder
as if originally named as an Authenticating Agent pursuant hereto.


 


Section
2.13. Global Securities. If the Issuer shall establish pursuant to Section 2.01 that the Securities of a particular series are
to be issued as a Global Security, then the Issuer shall execute and the Trustee shall, in accordance with Section 2.04, authenticate
and deliver, a Global Security that shall (i) represent, and be issued in a denomination or aggregate denominations equal to the aggregate
principal amount of all the Securities to be represented by a Global Security, (ii) be registered in the name of the Depositary or its
nominee, (iii) be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction and (iv) bear a legend
substantially to the following effect: “Except as otherwise provided in Section 2.13 of the Indenture, this Security may be transferred,
in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary.”


 


Notwithstanding
the provisions of Section 2.08, the Global Security of a series may be transferred, in whole but not in part and in the manner provided
in Section 2.08, only to another nominee of the Depositary for such series, or to a successor Depositary for such series selected or
approved by the Issuer or to a nominee of such successor Depositary.


 






    	12



     


    

 


Ownership
of beneficial interests in a registered global security will be limited to Agent Members that have accounts with the Depositary or persons
that may hold interests through Agent Members. Upon the issuance of a registered Global Security, the Depositary will credit, on its
book-entry registration and transfer system, the Agent Members accounts with the respective principal or face amounts of the securities
beneficially owned by the participants. Any dealers, underwriters or agents participating in the distribution of the Securities will
designate the accounts to be credited. Ownership of beneficial interests in a Global Security will be shown on, and the transfer of ownership
interests will be effected only through, records maintained by the Depositary, with respect to interests of Agent Members, and on the
records of Agent Members, with respect to interests of persons holding through Agent Members.


 


So
long as the Depositary, or its nominee, is the registered owner of a registered Global Security, that Depositary or its nominee, as the
case may be, will be considered the sole owner or Holder of the Securities represented by the Global Security for all purposes under
the Indenture. Except as described in this Section 2.13, Agent Members will not be entitled to have the Securities represented by the
Global Security registered in their names, will not receive or be entitled to receive physical delivery of the Securities in definitive
form and will not be considered the owners or Holders of the Securities under the Indenture. Accordingly, each Agent Member owning a
beneficial interest in a registered Global Security must rely on the procedures of the Depositary for that registered Global Security
and, if that person is not an Agent Member, on the procedures of the Agent Member through which the person owns its interest, to exercise
any rights of a Holder under the Indenture. Notwithstanding the foregoing, the Depositary or its nominee may grant proxies and otherwise
authorize any Person (including any Agent Member and any Person that holds a beneficial interest in a Global Security through an Agent
Member) to take any action which a Holder is entitled to take under the Indenture or the Securities, and nothing herein will impair,
as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder
of any Security.


 


Principal,
premium, if any, and interest payments on Securities represented by a Global Security registered in the name of the Depositary or its
nominee will be made to the Depositary or its nominee, as the case may be, as the registered owner of the registered Global Security.
None of the Issuer, the Trustee or any other agent of the Issuer, or any agent of the Trustee will have any responsibility or liability
for any aspect of the records relating to payments made on account of beneficial ownership interests in the registered Global Security
or for maintaining, supervising or reviewing any records relating to those beneficial ownership interests.


 


If
at any time the Depositary for a series of the Securities notifies the Issuer that it is unwilling or unable to continue as Depositary
for such series or if at any time the Depositary for such series shall no longer be registered or in good standing under the Exchange
Act, or other applicable statute or regulation, and a successor Depositary for such series is not appointed by the Issuer within 90 days
after the Issuer receives such notice or becomes aware of such condition, as the case may be, this Section 2.13 shall no longer be applicable
to the Securities of such series and the Issuer will execute, and subject to Section 2.08, the Trustee will authenticate and deliver
the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal
amount equal to the principal amount of the Global Security of such series in exchange for such Global Security. In addition, the Issuer
may at any time determine that the Securities of any series shall no longer be represented by a Global Security and that the provisions
of this Section 2.13 shall no longer apply to the Securities of such series. In such event the Issuer will execute and subject to Section
2.08, the Trustee, upon receipt of an Officer’s Certificate evidencing such determination by the Issuer, will authenticate and
deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate
principal amount equal to the principal amount of the Global Security of such series in exchange for such Global Security. Upon the exchange
of the Global Security for such Securities in definitive registered form without coupons, in authorized denominations, the Global Security
shall be cancelled by the Trustee. Such Securities in definitive registered form issued in exchange for the Global Security pursuant
to this Section 2.13 shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions
from its direct or indirect participants or otherwise, shall instruct the Trustee in writing. The Issuer and the Trustee shall be entitled
to conclusively rely on such instructions from the Depositary. The Trustee shall deliver such Securities to the Depositary for delivery
to the Persons in whose names such Securities are so registered.


 


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


 






    	13



     


    

 


ARTICLE
3

Covenants of the Issuer


 


Section
3.01. Payment of Principal and Interest. (a) The Issuer covenants and agrees for the benefit of each series of Securities that
it will duly and punctually pay or cause to be paid the principal of, and interest on, each of the Securities of such series at the place
or places, at the respective times and in the manner provided in such Securities. The Issuer shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue principal on each series of Securities at the rate specified in the terms
of such series of Securities to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful.
Unless otherwise provided in the Securities of any series, not later than 11:00 A.M. (New York City time) on the due date of any principal
of or interest on any Securities, the Issuer will deposit with the Trustee (or paying agent) money in immediately available funds sufficient
to pay such amounts, provided that if the Issuer or any affiliate of the Issuer is acting as paying agent, it will, on or before
each due date, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such amounts
until paid to such Holders or otherwise disposed of as provided in the Indenture. In each case the Issuer will promptly notify the Trustee
of its compliance with this paragraph.


 


(b)
An installment of principal or interest will be considered paid on the date due if the Trustee (or paying agent, other than the Issuer
or any affiliate of the Issuer) holds on that date money designated for and sufficient to pay the installment. If the Issuer or any affiliate
of the Issuer acts as paying agent, an installment of principal or interest will be considered paid on the due date only if paid to the
Holders.


 


(c)
Payments in respect of the Securities represented by the Global Security are to be made by wire transfer of immediately available funds
to the accounts specified by the Depositary with respect to the Global Security. With respect to certificated Securities, the Issuer
will make all payments by wire transfer of immediately available funds to the accounts specified by the Holders thereof or, if no such
account is specified, by mailing a check to each Holder’s registered address.


 


Section
3.02. Offices for Payments, etc. So long as any of the Securities remain Outstanding, the Issuer will maintain in New York City,
the following for each series: an office or agency (a) where the Securities may be presented for payment, (b) where the Securities may
be presented for registration of transfer and for exchange as in the Indenture provided and (c) where notices and demands to or upon
the Issuer in respect of the Securities or of the Indenture may be given or served. The Issuer will give to the Trustee written notice
of the location of any such office or agency and of any change of location thereof. Unless otherwise specified in accordance with Section
2.03, the Issuer hereby initially designates the Corporate Trust Office of [  ] at [  ], Attention: [  ], as the office to be maintained
by it for each such purpose. In case the Issuer shall fail to so designate or maintain any such office or agency or shall fail to give
such notice of the location or of any change in the location thereof, presentations and demands may be made and notices may be served
at the applicable Corporate Trust Office of the Trustee and the Issuer hereby appoints the Trustee as its agent to receive all such presentations,
notices and demands.


 


Section
3.03. Paying Agents. Whenever the Issuer shall appoint a paying agent other than the Trustee with respect to the Securities of
any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with
the Trustee, subject to the provisions of this Section,


 


(a)
that it will hold all sums received by it as such agent for the payment of the principal of or interest on the Securities of such series
(whether such sums have been paid to it by the Issuer or by any other obligor on the Securities of such series) in trust for the benefit
of the holders of the Securities of such series or of the Trustee,


 






    	14



     


    

 


(b)
that it will give the Trustee notice of any failure by the Issuer (or by any other obligor on the Securities of such series) to make
any payment of the principal of or interest on the Securities of such series when the same shall be due and payable,


 


(c)
pay any such sums so held in trust by it to the Trustee upon the Trustee’s written request at any time during the continuance of
the failure referred to in clause 3.03(b) above, and


 


(d)
that it will perform all other duties of paying agent as set forth in the Indenture.


 


The
Issuer shall, on or prior to each due date of the principal of or interest on the Securities of such series, deposit with the paying
agent a sum sufficient to pay such principal or interest so becoming due, and (unless such paying agent is the Trustee) the Issuer shall
promptly notify the Trustee of any failure to take such action.


 


If
an Issuer shall act as its own paying agent with respect to the Securities of any series, it will, on or before each due date of the
principal of or interest on the Securities of such series, set aside, segregate and hold in trust for the benefit of the holders of the
Securities of such series a sum sufficient to pay such principal or interest so becoming due. The Issuer will promptly notify the Trustee
of any failure to take such action.


 


Anything
in this section to the contrary notwithstanding, the Issuer may at any time, for the purpose of obtaining a satisfaction and discharge
with respect to one or more or all series of Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all
sums held in trust for any such series by the Issuer or any paying agent hereunder, as required by this Section, such sums to be held
by the Trustee upon the trusts herein contained.


 


Anything
in this section to the contrary notwithstanding, the agreement to hold sums in trust as provided in this section is subject to the provisions
of Section 9.05 and 9.06.


 


Section
3.04. Certificate of the Issuer. The Issuer will furnish to the Trustee on or before 120 days after the end of each fiscal year
(beginning with the fiscal year ended December 31, [__]) a brief certificate (which need not comply with Section 10.05) from the principal
executive, financial or accounting officer or the Treasurer of the Issuer as to his or her knowledge of the Issuer’s compliance
with all conditions and covenants under the Indenture (such compliance to be determined without regard to any period of grace or requirement
of notice provided under the Indenture), or if there has been a default, specifying the default and its nature and status.


 


Section
3.05. Reports by the Issuer. The Issuer will furnish to the Trustee any document or report the Issuer is required to file with
the Commission pursuant to Section 13 or 15(d) of the Exchange Act within 15 days after such document or report is filed with the Commission.


 


Section
3.06. Existence. Except as permitted under Article 8, the Issuer covenants to do or cause to be done all things necessary to preserve
and keep in full force and effect its existence, rights and franchises; provided, however, that the Issuer shall not be
required to preserve any right or franchise if it determines that its preservation is no longer desirable in the conduct of business.


 


ARTICLE
4

Remedies of the Trustee and Holders on Event of Default


 


Section
4.01. Event of Default; Acceleration of Maturity; Waiver of Default. An “Event of Default” with respect to
Securities of any series means the occurrence of one or more of the following events (whatever the reason for such Event of Default and
whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court
or any order, rule or regulation of any administrative or governmental body):


 


(a)
the failure to pay interest on any Security of such series when the same becomes due and payable and the default continues for a period
of 60 days or more;


 


(b)
the failure to pay the principal or premium, if any, of any Security of such series, when the same becomes due and payable, at maturity,
upon acceleration, upon redemption or otherwise;


 






    	15



     


    

 


(c)
a default in the performance, or breach, of the obligations of the Issuer under Section 8.01 of this Indenture;


 


(d)
a default in the observance or performance of any other covenant or agreement contained in this Indenture which default continues for
a period of 60 days after the Issuer receives written notice specifying the default (and demanding that such default be remedied) from
the Trustee or the Holders of at least a majority of the Outstanding aggregate principal amount of each series of Securities affected,
voting together as a single class;


 


(e)
(i) a failure by the Issuer to make any payment, at the stated maturity, on any Indebtedness of the Issuer (other than Indebtedness owing
to any of its Subsidiaries) in an amount in excess of $50.0 million or its foreign currency equivalent at the time outstanding under
or evidenced by any single indenture or instrument, whether such Indebtedness now exists or shall hereafter be created, and such failure
shall have continued after any applicable grace period or (ii) a default on any Indebtedness of the Issuer (other than Indebtedness owing
to any of its Subsidiaries), whether such Indebtedness now exists or shall hereafter be created, which default results in such Indebtedness
being accelerated or otherwise declared due and payable prior to the stated maturity thereof in an amount in excess of $50.0 million
or its foreign currency equivalent at the time, in the case of each of clauses (i) and (ii) above, without such Indebtedness having been
discharged or the acceleration having been cured, waived, rescinded or annulled; provided, however, that if any failure,
default or acceleration referred to in clauses (i) or (ii) ceases or is cured, waived, rescinded or annulled, then the Event of Default
shall be deemed cured;


 


(f)
the Issuer or any Significant Subsidiary of the Issuer:


 


(i)
commences a voluntary case under any Bankruptcy Law;


 


(ii)
consents to the entry of an order for relief against it in an involuntary case under any Bankruptcy Law;


 


(iii)
consents to the appointment of a custodian or receiver of it or for all or substantially all of its property;


 


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


 


(v)
admits in writing its inability to pay its debts as they become due;


 


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


 


(i)
is for relief in an involuntary case against the Issuer or any Significant Subsidiary of the Issuer;


 


(ii)
appoints a custodian or receiver of the Issuer or any Significant Subsidiary or for all or substantially all of the property of any of
the foregoing;


 


(iii)
orders the liquidation of the Issuer or any of its Significant Subsidiaries; or


 


(iv)
and the order or decree remains unstayed and in effect for 60 consecutive days; or


 


(h)
any other Event of Default provided in the Officer’s Certificate, supplemental indenture or Resolution of the Board of Directors
under which such series of Securities is issued or in the form of Security for such series.


 


If
an Event of Default described in clauses 4.01(a), (b), (c), (d), (e), or (h) above (if the Event of Default under clause (d), (e) or
(h) above is with respect to less than all series of Securities then Outstanding) occurs and is continuing, then, and in each and every
such case, unless the principal of all of the Securities of such series shall have already become due and payable, the Trustee may, and
at the direction of the holders of not less than 25% in aggregate principal amount of the Securities of each such series affected that
is then Outstanding hereunder (voting together as a single class) by notice in writing to the Issuer (and to the Trustee if given by
Holders), shall declare the entire principal (or, if the Securities of such series are Original Issue Discount Securities, such portion
of the principal amount as may be specified in the terms of such series) of all Outstanding Securities of each such series, together
with all accrued and unpaid interest and premium, if any, to be due and payable immediately, and upon any such declaration the same shall
become immediately due and payable.


 




    	16



     


    

 


If
an Event of Default described in clauses Section 4.01(f) or Section 4.01(g) above occurs and is continuing, then the entire principal
amount of the Outstanding Securities will automatically become due immediately and payable without any declaration or other act on the
part of the Trustee or any Holder.


 


Notwithstanding
the foregoing, the Holders of a majority in principal amount of the Outstanding Securities of one or more series (voting together as
a single class) by written notice to the Issuer and to the Trustee may on behalf of the Holders of all Securities of each such series
affected waive all past defaults and rescind and annul a declaration of acceleration and its consequences if:


 


(i)
the rescission would not conflict with any judgment or decree;


 


(ii)
all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because
of the acceleration;


 


(iii)
to the extent the payment of such interest is lawful, if interest on overdue installments of interest and overdue principal (and premium,
if any), which has become due otherwise than by such declaration of acceleration, has been paid;


 


(iv)
the Issuer has paid the Trustee its reasonable compensation and reimbursed the Trustee for its expenses, disbursements and advances;
and


 


(v)
in the event of the cure or waiver of an Event of Default of the type described in Sections 4.01(f) or 4.01(g), the Trustee shall have
received an Officer’s Certificate and an Opinion of Counsel that such Event of Default has been cured or waived.


 


No
such rescission shall affect any subsequent Event of Default or impair any right consequent thereto.


 


For
all purposes under the Indenture, if a portion of the principal of any Original Issue Discount Securities shall have been accelerated
and declared due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been
rescinded and annulled, the principal amount of such Original Issue Discount Securities shall be deemed, for all purposes hereunder,
to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion
of the principal thereof as shall be due and payable as a result of such acceleration, together with interest, if any, thereon and all
other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities.


 


Section
4.02. Collection of Indebtedness by Trustee; Trustee May Prove Debt. The Issuer covenants that (a) in case default shall be made
in the payment of any installment of interest on any of the Securities of any series when such interest shall have become due and payable,
and such default shall have continued for a period of 30 days or (b) in case default shall be made in the payment of all or any part
of the principal of any of the Securities of any series when the same shall have become due and payable, whether upon maturity of the
Securities of such series or upon any redemption or by declaration or otherwise—then upon demand of the Trustee, the Issuer will
pay to the Trustee for the benefit of the Holders of the Securities of such series the whole amount that then shall have become due and
payable on all Securities of such series for principal or interest, as the case may be (with interest to the date of such payment upon
the overdue principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of
interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified
in the Securities of such series); and in addition thereto, such further amount as shall be sufficient to cover the costs and expenses
of collection, including reasonable compensation to the Trustee and each predecessor Trustee, their respective agents, attorneys and
counsel, and any expenses and liabilities incurred by the Trustee and each predecessor Trustee except as a result of its negligence or
willful misconduct.


 






    	17



     


    

 


Until
such demand is made by the Trustee, the Issuer may pay the principal of and interest on the Securities of any series to the registered
holders, whether or not the principal of and interest on the Securities of such series be overdue.


 


In
case the Issuer shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name and as trustee of an express
trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due
and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final
decree against the Issuer or other obligor upon such Securities and collect in the manner provided by law out of the property of the
Issuer or other obligor upon such Securities, wherever situated, the moneys adjudged or decreed to be payable.


 


In
case there shall be pending proceedings relative to the Issuer or any other obligor upon the Securities under Bankruptcy Law, or in case
a receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been appointed
for or taken possession of the Issuer or its property or such other obligor, or in case of any other comparable judicial proceedings
relative to the Issuer or other obligor upon the Securities of any series, or to the creditors or property of the Issuer or such other
obligor, the Trustee, irrespective of whether the principal of any Securities shall then be due and payable as therein expressed or by
declaration or otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section,
shall be entitled and empowered, by intervention in such proceedings or otherwise:


 


(a)
to file and prove a claim or claims for the whole amount of principal and interest (or, if the Securities of any series are Original
Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) owing and unpaid in
respect of the Securities of any series, and to file such other papers or documents as may be necessary or advisable in order to have
the claims of the Trustee (including any claim for reasonable compensation to the Trustee and each predecessor Trustee, and their respective
agents, attorneys and counsel, and for reimbursement of all expenses and liabilities incurred, and all advances made, by the Trustee
and each predecessor Trustee, except as a result of negligence or bad faith) and of the Holders allowed in any judicial proceedings relative
to the Issuer or other obligor upon the Securities of any series, or to the creditors or property of the Issuer or such other obligor,


 


(b)
unless prohibited by applicable law and regulations, to vote on behalf of the holders of the Securities of any series in any election
of a trustee or a standby trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency proceedings or person
performing similar functions in comparable proceedings, and


 


(c)
to collect and receive any moneys or other property payable or deliverable on any such claims, and to distribute all amounts received
with respect to the claims of the Holders and of the Trustee on their behalf; and any trustee, receiver, or liquidator, custodian or
other similar official is hereby authorized by each of the Holders to make payments to the Trustee, and, in the event that the Trustee
shall consent to the making of payments directly to the Holders, to pay to the Trustee such amounts as shall be sufficient to cover reasonable
compensation to the Trustee, each predecessor Trustee and their respective agents, attorneys and counsel, and all other expenses and
liabilities incurred, and all advances made, by the Trustee and each predecessor Trustee except as a result of negligence or bad faith
and all other amounts due to the Trustee or any predecessor Trustee pursuant to Section 5.07.


 


Nothing
herein contained shall be deemed to authorize the Trustee to authorize or consent to or vote for or accept or adopt on behalf of any
Holder any plan or reorganization, arrangement, adjustment or composition affecting the Securities of any series or the rights of any
Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding except, as aforesaid,
to vote for the election of a trustee in bankruptcy or similar person.


 


All
rights of action and of asserting claims under the Indenture, or under any of the Securities, may be enforced by the Trustee without
the possession of any of the Securities or the production thereof on any trial or other proceedings relative thereto, and any such action
or proceedings instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment,
subject to the payment of the reasonable expenses, disbursements and compensation of the Trustee, each predecessor Trustee and their
respective agents and attorneys, shall be for the ratable benefit of the holders of the Securities in respect of which such action was
taken.


 




    	18



     


    

 


In
any proceedings brought by the Trustee (and also any proceedings involving the interpretation of any provision of the Indenture to which
the Trustee shall be a party) the Trustee shall be held to represent all the holders of the Securities in respect to which such action
was taken, and it shall not be necessary to make any holders of such Securities parties to any such proceedings.


 


Section
4.03. Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of any series shall be
applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of
principal or interest, upon presentation of the several Securities in respect of which moneys have been collected and stamping (or otherwise
noting) thereon the payment, or issuing Securities of such series in reduced principal amounts in exchange for the presented Securities
of like series if only partially paid, or upon surrender thereof if fully paid:


 


FIRST:
To the payment of costs and expenses applicable to such series in respect of which moneys have been collected, including reasonable compensation
to the Trustee and each predecessor Trustee and their respective agents and attorneys and of all expenses and liabilities incurred by
the Trustee and each predecessor Trustee except as a result of negligence or bad faith, and all other amounts due to the Trustee or any
predecessor Trustee pursuant to Section 5.07;


 


SECOND:
In case the principal of the Securities of such series in respect of which moneys have been collected shall not have become and be then
due and payable, to the payment of interest on the Securities of such series in default in the order of the maturity of the installments
of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of
interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified
in such Securities, such payments to be made ratably to the persons entitled thereto, without discrimination or preference;


 


THIRD:
In case the principal of the Securities of such series in respect of which moneys have been collected shall have become and shall be
then due and payable, to the payment of the whole amount then owing and unpaid upon all the Securities of such series for principal and
interest, with interest upon the overdue principal, and (to the extent that such interest has been collected by the Trustee) upon overdue
installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities)
specified in the Securities of such series; and in case such moneys shall be insufficient to pay in full the whole amount so due and
unpaid upon the Securities of such series, then to the payment of such principal and interest or yield to maturity, without preference
or priority of principal over interest or yield to maturity, or of interest or yield to maturity over principal, or of any installment
of interest over any other installment of interest, or of any Security of such series over any other Security of such series, ratably
to the aggregate of such principal and accrued and unpaid interest or yield to maturity; and


 


FOURTH:
To the payment of the remainder, if any, to the Issuer or any other person lawfully entitled thereto.


 


Section
4.04. Suits for Enforcement. In case an Event of Default has occurred, has not been waived and is continuing, the Trustee may
in its discretion proceed to protect and enforce the rights vested in it by the Indenture by such appropriate judicial proceedings as
the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise,
whether for the specific enforcement of any covenant or agreement contained in the Indenture or in aid of the exercise of any power granted
in the Indenture or to enforce any other legal or equitable right vested in the Trustee by the Indenture or by law.


 


Section
4.05. Restoration of Rights on Abandonment of Proceedings. In case the Trustee shall have proceeded to enforce any right under
the Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely
to the Trustee, then and in every such case the Issuer and the Trustee shall be restored respectively to their former positions and rights
hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Holders shall continue as though no such proceedings
had been taken.


 




    	19



     


    

 


Section
4.06. Limitations on Suits by Holder. No Holder of any Security of any series shall have any right by virtue or by availing of
any provision of the Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise upon or under
or with respect to the Indenture, or for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for
any other remedy hereunder, unless (i) such holder previously shall have given to the Trustee written notice of default and of the continuance
thereof, as hereinbefore provided; (ii) the Holders of not less than 25% in aggregate principal amount of the Securities of each such
series affected that is then Outstanding (voting together as a single class) shall have made written request upon the Trustee to institute
such action or proceedings in its own name as trustee hereunder; (iii) such Holder or Holders shall have offered to the Trustee such
indemnity as it may reasonably require against the costs, expenses and liabilities to be incurred in compliance with such request; (iv)
the Trustee for 60 days after its receipt of such notice, request and offer of indemnity shall have failed to institute any such action
or proceeding; and (v) no direction inconsistent with such written request shall have been given to the Trustee during such 60-day period
by the Holders of a majority in aggregate principal amount of the Securities of each series affected then Outstanding. It is understood
and intended, and expressly covenanted by the taker and Holder of every Security with every other taker and Holder and the Trustee, that
no one or more Holders of any series shall have any right in any manner whatever by virtue or by availing of any provision of the Indenture
to affect, disturb or prejudice the rights of any other such Holder, or to obtain or seek to obtain priority over or preference to any
other such Holder or to enforce any right under the Indenture, except in the manner herein provided and for the equal, ratable and common
benefit of all Holders of the applicable series. For the protection and enforcement of the provisions of this Section, each and every
Holder and the Trustee shall be entitled to such relief as can be given either at law or in equity.


 


Section
4.07. Unconditional Right of Holders to Institute Certain Suits. Notwithstanding any other provision in the Indenture and any
provision of any Security, the right of any Holder of any Security to receive payment of principal, premium, if any, and interest on
such Security on or after the respective due dates expressed in such Security, or to institute 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
4.08. Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default. Except as provided in Section 4.06, no right or
remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and
every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder
or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise,
shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.


 


No
delay or omission of the Trustee or of any Holder to exercise any right or power accruing upon any Event of Default occurring and continuing
as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence
therein; and, subject to Section 4.06, every power and remedy given by the Indenture or by law to the Trustee or to the Holders may be
exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders.


 


Section
4.09. Control by Holders. The Holders of a majority in aggregate principal amount of the Securities of each series affected (voting
together as a single class) at the time Outstanding 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 the Trustee with respect to the Securities of
each such series by the Indenture; provided, however, that such direction shall not be otherwise than in accordance with
law and the provisions of the Indenture. Subject to the provisions of Section 5.01, the Trustee shall have the right to decline to follow
any such direction if the Trustee, being advised by counsel, shall determine that the action or proceeding so directed may not lawfully
be taken or if the Trustee in good faith shall determine that the action or proceedings so directed would involve the Trustee in personal
liability or if the Trustee in good faith shall determine that the actions or forbearances specified in or pursuant to such direction
would be unduly prejudicial to the interests of Holders of the Securities of all series so affected not joining in the giving of said
direction, it being understood that (subject to Section 5.01) the Trustee shall have no duty to ascertain whether or not such actions
or forbearances are unduly prejudicial to such Holders.


 


Nothing
in the Indenture shall impair the right of the Trustee in its discretion to take any action deemed proper by the Trustee and which is
not inconsistent with such direction or directions by Holders.


 




    	20



     


    

 


Section
4.10. Waiver of Past Defaults. Except as otherwise provided in Sections 4.01, 4.07 and Section 7.02, the Holders of a majority
in aggregate principal amount of the Outstanding Securities of one or more series (voting together as a single class) may, by notice
to the Trustee, on behalf of the Holders of all Securities of each such series waive an existing default and its consequences. Upon such
waiver, the default will cease to exist, and any Event of Default arising therefrom will be deemed to have been cured, but no such waiver
will extend to any subsequent or other default or impair any right consequent thereon.


 


Section
4.11. Trustee to Give Notice of Default, But May Withhold in Certain Circumstances. The Trustee shall give to the Holders of any
series, as the names and addresses of such Holders appear on the registry books, notice by mail of all defaults known to the Trustee
which have occurred with respect to such series, such notice to be transmitted within 45 days after the occurrence thereof, unless such
defaults shall have been cured before the giving of such notice (the term “default” or “defaults” for the purposes
of this section being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, an
Event of Default); provided that, except in the case of default in the payment of the principal of or interest on any of the Securities
of such series, or in the payment of any sinking or purchase fund installment with respect to the Securities of such series, the Trustee
shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee
of directors or trustees and/or responsible officers of the Trustee in good faith determines that the withholding of such notice is in
the interests of the Holders of such series.


 


Section
4.12. Right of Court to Require Filing of Undertaking to Pay Costs. In any suit for the enforcement of any right or remedy under
the Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court may require any party litigant
in such suit (other than the Trustee) to file an undertaking to pay the costs of the suit, and the court may assess reasonable costs,
including reasonable attorneys’ fees, against any party litigant (other than the Trustee) in the suit having due regard to the
merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by a Holder to enforce
payment of principal of or interest on any Security on the respective due dates.


 


ARTICLE
5

Concerning the Trustee


 


Section
5.01. Duties and Responsibilities of the Trustee; During Default; Prior to Default.


 


(a)
The duties and responsibilities of the Trustee are as provided by the Trust Indenture Act and as set forth herein. Whether or not expressly
so provided, every provision of the Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee
is subject to this Article.


 


(b)
Except during the continuance of an Event of Default, the Trustee need perform only those duties that are specifically set forth in the
Indenture and no others, and no implied covenants or obligations will be read into the Indenture against the Trustee. In case an Event
of Default of which a Responsible Officer shall have actual knowledge or shall have received written notice from the Issuer or any holder
of Securities of any series has occurred and is continuing, the Trustee shall exercise those rights and powers vested in it by the Indenture,
and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct
of his own affairs.


 


(c)
No provision of the 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.


 


Section
5.02. Trustee’s Obligations with Respect to the Covenants. The Trustee shall not be obligated to monitor or confirm, on
a continuing basis or otherwise, the Issuer’s compliance with the covenants contained in Article 4 or with respect to any reports
or other documents filed under the Indenture; provided, however, that nothing herein shall relieve the Trustee of any obligations
to monitor the Issuer’s timely delivery of all reports and certificates required under Section 3.04 and Section 3.05 of the Indenture
and to fulfill its obligations under Article 5 hereof.


 






    	21



     


    

 


Section
5.03. Moneys Held by Trustee. Subject to the provisions of Section 9.06 hereof, 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. Neither the Trustee nor any agent of the Issuer or the Trustee shall be liable for interest
on any money received by it hereunder except such as it may agree with the Issuer in writing to pay thereon.


 


Section
5.04. Reports by the Trustee to Holders. Within 60 days after each May 15, beginning with May 15, [___], the Trustee will mail
to each Holder, as provided in Trust Indenture Act Section 313(c), a brief report dated as of such May 15, if required by Trust Indenture
Act Section 313(a), and file such reports with each stock exchange upon which its Securities are listed and with the Commission if, and
to the extent, required by Trust Indenture Act Section 313(d).


 


The
Trustee shall comply with Section 313(b) and 313(c) of the Trust Indenture Act.


 


A
copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with the Issuer, with each stock
exchange upon which any Securities are listed (if so listed) and also with the Commission.


 


Section
5.05. Certain Rights of the Trustee. Subject to Trust Indenture Act Sections 315(a) through (d):


 


(a)
In the absence of bad faith on its part, the Trustee may rely, and will be protected in acting or refraining from acting, upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence
of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper Person. The
Trustee need not investigate any fact or matter stated in the document, but, in the case of any document which is specifically required
to be furnished to the Trustee pursuant to any provision hereof, the Trustee shall examine the document to determine whether it conforms
to the requirements of the Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated
therein). The Trustee, in its discretion, may make further inquiry or investigation into such facts or matters as it sees fit.


 


(b)
Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel conforming to
Section 10.05 and the Trustee will not be liable for any action it takes or omits to take in good faith in reliance on the certificate
or opinion.


 


(c)
The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence of any attorney or
agent appointed by the Trustee with due care.


 


(d)
The Trustee will be under no obligation to exercise any of the rights or powers vested in it by the Indenture or to institute, conduct
or defend any litigation hereunder or in relation hereto at the request or direction of any of the Holders, unless such Holders have
offered to the Trustee security or indemnity as it may reasonably require against the costs, expenses and liabilities that might be incurred
by it in compliance with such request or direction.


 


(e)
The Trustee will not be liable in its individual capacity for any action it takes, suffers or omits to take in good faith that it believes
to be authorized or within its rights or powers or for any action it takes or omits to take in accordance with the direction of the Holders
in accordance with Section 4.09 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 the Indenture.


 


(f)
The Trustee may consult with counsel, and any advice of such counsel or any Opinion of Counsel will be full and complete authorization
and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.


 


(g)
No provision of the Indenture will require the Trustee to expend or risk its own funds or otherwise incur any financial liability in
the performance of its duties hereunder, or in the exercise of its rights or powers, unless it receives indemnity satisfactory to it
against any loss, liability or expense.


 






    	22



     


    

 


(h)
The Trustee shall not be liable in its individual capacity for an error in judgment made in good faith by a Responsible Officer or other
officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts.


 


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


 


(j)
The Trustee shall have no duty to see to any recording, filing or depositing of the Indenture or any agreement referred to herein or
any financing statement or continuation statement evidencing a security interest, or to see to the maintenance of any such re-recording
or re-filing or re-depositing thereof.


 


(k)
The Trustee shall not be required to take notice or be deemed to have notice or knowledge of any default or Event of Default unless a
Responsible Officer of the Trustee shall have received written notice from the Issuer or any holder of the Securities or obtained actual
knowledge thereof. In the absence of receipt of such notice or actual knowledge, the Trustee may conclusively assume that there is no
default or Event of Default.


 


Section
5.06. Trustee and Agents May Hold Securities; Collections, etc. The Trustee or any agent of the Issuer or the Trustee, in its
individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not the
Trustee or such agent and may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the
same rights it would have if it were not the Trustee or such agent.


 


Section
5.07. Compensation and Indemnification of Trustee and Its Prior Claim. (a) The Issuer will pay the Trustee compensation as agreed
upon in writing for its services. The compensation of the Trustee is not limited by any law on compensation of a Trustee of an express
trust. The Issuer will reimburse the Trustee upon request for all reasonable out-of-pocket expenses, disbursements and advances incurred
or made by the Trustee, (including the reasonable compensation and the expenses and disbursements of its counsel and of all agents and
other persons not regularly in its employ) except to the extent any such expense, disbursement or advance may arise from its negligence
or bad faith. The Issuer also covenants to indemnify the Trustee, its directors, officers, employees and agents and each predecessor
Trustee, its directors, officers, employees and agents for, and to hold each of them harmless against, any loss, liability or expense
arising out of or in connection with the acceptance or administration of the Indenture or the trusts hereunder and the performance of
its duties hereunder and under the Securities, including the costs and expenses of defending itself against or investigating any claim
of liability in the premises and the costs and expenses of defending itself against any claim or liability and of complying with any
process served upon it or any of its officers and the enforcement of the Indenture (including this section), except to the extent such
loss liability or expense is due to the negligence or willful misconduct of the Trustee or such predecessor Trustee.


 


Anything
in the Indenture to the contrary notwithstanding, in no event shall the Trustee be liable for special, indirect or consequential loss
or damage of any kind whatsoever (including but not limited to lost profits) unless it shall be proved that the Trustee was grossly negligent
in acting or failing to act.


 


(b)
To secure the Issuer’s payment obligations in this Section, the Trustee will have a lien prior to the Securities on all money or
property held or collected by the Trustee, in its capacity as Trustee, except money or property held in trust to pay principal of, and
interest on particular Securities.


 


The
obligations of the Issuer under this Section 5.07 shall survive the resignation and removal of the Trustee and payment of the Securities,
and shall extend to any co-trustee or separate trustee.


 


Section
5.08. Right of Trustee to Rely on Officer’s Certificate, etc. Subject to Sections 5.01 and Section 5.05, whenever in the
administration of the trusts of the Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established
prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically
prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established
by an Officer’s Certificate delivered to the Trustee, and such certificate, in the absence of negligence or bad faith on the part
of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of the Indenture
upon the faith thereof.


 






    	23



     


    

 


Section
5.09. Disqualification; Conflicting Interests. If the Trustee has or shall acquire any “conflicting interest” within
the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Issuer shall in all respects comply with the provisions
of Section 310(b) of the Trust Indenture Act.


 


Section
5.10. Persons Eligible for Appointment as Trustee. The Indenture must always have a Trustee that satisfies the requirements of
Trust Indenture Act Section 310(a) and has a combined capital and surplus of at least $25,000,000 as set forth in its most recent published
annual report of condition.


 


Section
5.11. Resignation and Removal; Appointment of Successor Trustee.


 


(a)
The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series of Securities
by giving written notice of resignation to the Issuer and by mailing notice thereof by first class mail to Holders of the applicable
series of Securities at their last addresses as they shall appear on the Register. Upon receiving such notice of resignation, the Issuer
shall promptly appoint a successor trustee or trustees with respect to the applicable series by written instrument in duplicate, executed
by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the
successor trustee or trustees. If no successor trustee shall have been so appointed with respect to any series and have accepted appointment
within 30 days after the mailing of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction
for the appointment of a successor trustee, or any Holder who has been a bona fide Holder of a Security or Securities of the applicable
series for at least six months may, subject to the provisions of Section 4.12, on behalf of himself and all others similarly situated,
petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem
proper and prescribe, appoint a successor trustee.


 


(b)
In case at any time any of the following shall occur:


 


(i)
the Trustee shall fail to comply with the provisions of Section 310(b) of the Trust Indenture Act with respect to any series of Securities
after written request therefor by the Issuer or by any Holder who has been a bona fide Holder of a Security or Securities of such
series for at least six months; or


 


(ii)
the Trustee shall cease to be eligible in accordance with the provisions of Section 310(a) of the Trust Indenture Act and shall fail
to resign after written request therefor by the Issuer or by any Holder; or


 


(iii)
the Trustee shall become incapable of acting with respect to any series of Securities, or shall be adjudged a bankrupt or insolvent,
or a receiver or liquidator of the Trustee or of its property shall be appointed, or any public officer shall take charge or control
of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation;


 


then,
in any such case, the Issuer may remove the Trustee with respect to the applicable series of Securities and appoint a successor trustee
for such series by written instrument, in duplicate, executed by order of the Board of Directors of the Issuer, one copy of which instrument
shall be delivered to the Trustee so removed and one copy to the successor trustee, or any Holder who has been a bona fide Holder
of a Security or Securities 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 removal of the Trustee and the appointment of a successor trustee with respect to such series.
Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor
trustee.








 


(c)
The Holders of a majority in aggregate principal amount of the Securities of each series at the time Outstanding may at any time remove
the Trustee with respect to Securities of such series and appoint a successor trustee with respect to the Securities of such series with
the consent of the Issuer by delivering to the Trustee so removed, to the successor trustee so appointed and to the Issuer the evidence
provided for in Section 6.01 of the action in that regard taken by the Holders.


 






    	24



     


    

 


(d)
Any resignation or removal of the Trustee with respect to any series and any appointment of a successor trustee with respect to such
series pursuant to any of the provisions of this Section 5.11 shall become effective upon acceptance of appointment by the successor
trustee as provided in Section 5.12.


 


(e)
Any successor trustee appointed pursuant to this Section may be appointed with respect to the Securities of one or more series or all
of such series, and at any time there shall be only one Trustee with respect to the Securities of any particular series.


 


Section
5.12. Acceptance of Appointment by Successor. Any successor trustee appointed as provided in Section 5.11 shall execute and deliver
to the Issuer and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal
of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any
further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations with respect to such series of its
predecessor hereunder, with like effect as if originally named as trustee for such series hereunder; but, nevertheless, on the written
request of the Issuer or of the successor trustee, upon payment of its charges then unpaid, the trustee ceasing to act shall, subject
to Section 9.06, pay over to the successor trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument
transferring to such successor trustee all such rights, powers, duties and obligations.


 


If
a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Issuer, the predecessor Trustee
and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental
hereto prepared by and at the expense of the Issuer which (1) shall contain such provisions as shall be deemed necessary or desirable
to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the retiring Trustee
with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (2) shall contain
such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor
Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested
in the predecessor Trustee, and (3) shall add to or change any of the provisions of the 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 under separate indentures.


 


Upon
acceptance of appointment by any successor trustee as provided in this Section 5.12, the Issuer shall mail notice thereof by first-class
mail to the Holders of any series for which such successor trustee is acting as trustee at their last addresses as they shall appear
in the Register. If the acceptance of appointment is substantially contemporaneous with the resignation, then the notice called for by
the preceding sentence may be combined with the notice called for by Section 5.11. If the Issuer fails to mail such notice within ten
days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense
of the Issuer.


 


Section
5.13. Merger, Conversion, Consolidation or Succession to Business of Trustee. If the Trustee consolidates with, merges or converts
into, or transfers all or substantially all of its corporate trust business to, another corporation or national banking association,
the resulting, surviving or transferee corporation or national banking association without any further act will be the successor Trustee
with the same effect as if the successor Trustee had been named as the Trustee in the Indenture.


 


In
case at the time such successor to the Trustee shall succeed to the trusts created by the Indenture any of the Securities of any series
shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any
predecessor Trustee and deliver such Securities so authenticated; and, in case at that time any of the Securities of any series shall
not have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder
or in the name of the successor Trustee; and in all such cases such certificate shall have the full force which it is anywhere in the
Securities of such series or in the Indenture provided that the certificate of the Trustee shall have; provided, that the right
to adopt the certificate of authentication of any predecessor Trustee or to authenticate Securities of any series in the name of any
predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation.


 




    	25



     


    

 


Section
5.14. Preferential Collection of Claims Against the Issuer. The Trustees shall comply with Section 311(a) of the Trust Indenture
Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed
shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.


 


Section
5.15. Trustee’s Disclaimer. The Trustee (i) makes no representation as to the validity or adequacy of the Indenture or the
Securities, (ii) is not accountable for the Issuer’s use or application of the proceeds from the Securities and (iii) is not responsible
for any statement in the Securities other than its certificate of authentication.


 


ARTICLE
6

Concerning the Holders


 


Section
6.01. Evidence of Action Taken by Holders. Any request, demand, authorization, direction, notice, consent, waiver or other action
provided by the Indenture to be given or taken by a specified percentage in principal amount of the Holders of any or all series may
be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such specified percentage of 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.


 


If
the Issuer shall solicit from the Holders of any series any request, demand, authorization, direction, notice, consent, waiver or other
action, the Issuer may, at its option, as evidenced by an Officer’s Certificate, fix in advance a record date for such series for
the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other action,
but the Issuer shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice,
consent, waiver or other action, may be given before or after the record date, but only the Holders of the requisite proportion of Outstanding
Securities of that series who have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent,
waiver or other action, and for that purpose the Outstanding Securities of that series shall be computed as of the record date; provided,
however, that no such authorization, agreement or consent by such Holders on the record date shall be deemed effective unless
it shall become effective pursuant to the provisions of the Indenture not later than six months after the record date.


 


Proof
of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of the Indenture and (subject
to Section 5.01 and Section 5.05) conclusive in favor of the Trustee and the Issuer, if made in the manner provided in this Article.


 


Section
6.02. Proof of Execution of Instruments and of Holding of Securities; Record Date. Subject to Section 5.01 and Section 5.05, the
execution of any instrument by a Holder or his agent or proxy may be proved in accordance with such reasonable rules and regulations
as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The holding of Securities shall be proved
by the Register or by a certificate of the registrar thereof. The Issuer may set a record date for purposes of determining the identity
of Holders of any series entitled to vote or consent to any action referred to in Section 6.01, which record date may be set at any time
or from time to time by notice to the Trustee, for any date or dates (in the case of any adjournment or reconsideration) not more than
60 days nor less than five days prior to the proposed date of such vote or consent, and thereafter, notwithstanding any other provisions
hereof, only Holders of such series of record on such record date shall be entitled to so vote or give such consent or revoke such vote
or consent. Notice of such record date may be given before or after any request for any action referred to in Section 6.01 is made by
the Issuer.


 


Section
6.03. Holders to Be Treated as Owners. Prior to the due presentment for registration of transfer of any Security, the Issuer,
the Trustee and any agent of the Issuer or the Trustee may deem and treat the person in whose name any Security shall be registered upon
the Register for such series as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding
any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the principal of, and, subject
to the provisions of the Indenture, interest on such Security and for all other purposes; and neither the Issuer, the Trustee, nor any
agent of the Issuer or the Trustee shall be affected by any notice to the contrary. All such payments so made to any such person, or
upon his order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys
payable upon any such Security.


 






    	26



     


    

 


Section
6.04. Securities Owned by Issuer Deemed Not Outstanding. In determining whether the Holders of the requisite aggregate principal
amount of Outstanding Securities of any or all series have concurred in any direction, consent or waiver under the Indenture, Securities
which are owned by the Issuer or any other obligor on the Securities with respect to which such determination is being made or by any
person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor
on the Securities with respect to which such determination is being made shall be disregarded and deemed not to be Outstanding for the
purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any
such direction, consent or waiver only Securities which a Responsible Officer of the Trustee actually knows are so owned, or has received
written notice that such Securities are so owned, shall be so disregarded. Securities so owned which have been pledged in good faith
may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with
respect to such Securities and that the pledgee is not the Issuer or any other obligor upon the Securities or any person directly or
indirectly controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor on the Securities.
In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee
in accordance with such advice. Upon request of the Trustee, the Issuer shall furnish to the Trustee promptly an Officer’s Certificate
listing and identifying all Securities, if any, known by the Issuer to be owned or held by or for the account of any of the above-described
persons; and, subject to Section 5.01 and Section 5.05, the Trustee shall be entitled to accept such Officer’s Certificate as conclusive
evidence of the facts therein set forth and of the fact that all Securities not listed therein are Outstanding for the purpose of any
such determination.


 


Section
6.05. Right of Revocation of Action Taken. At any time prior to (but not after) the evidencing to the Trustee, as provided in
Section 6.01, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Securities of any or
all series, as the case may be, specified in the Indenture in connection with such action, any Holder of a Security the serial number
of which is shown by the evidence to be included among the serial numbers of the Securities the Holders of which have consented to such
action may, by filing written notice at the applicable Corporate Trust Office and upon proof of holding as provided in this Article,
revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the Holder of any Security shall be
conclusive and binding upon such Holder and upon all future Holders and owners of such Security and of any Securities issued in exchange
or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Security. Any action taken
by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified
in the Indenture in connection with such action shall be conclusively binding upon the Issuer, the Trustee and the Holders of all the
Securities affected by such action.


 


ARTICLE
7

Amendments, Supplements and Waivers


 


Section
7.01. Supplemental Indentures without Consent of Holders. The Issuer and the Trustee may amend the Indenture or the Securities
or enter into an indenture supplemental hereto without notice to or the consent of any Holder to


 


(a)
to cure any ambiguity, defect or inconsistency;


 


(b)
to provide for uncertificated Securities of any series in addition to or in place of certificated Securities of the applicable series;


 


(c)
to comply with Article 8 in the case of a merger or consolidation;


 


(d)
to maintain the qualification of the Indenture under the Trust Indenture Act;


 


(e)
to evidence and provide for the acceptance of appointment by a successor Trustee;


 






    	27



     


    

 


(f)
to conform the text of this Indenture or the terms of the Securities of any series to any prospectus, offering memorandum, offering circular
or any other document pursuant to which the Securities of such series were offered;


 


(g)
to establish the form or terms of Securities of any series;


 


(h)
to provide for the assumption by a successor corporation, partnership, trust or limited liability company of the Issuer’s obligations
to the Holders of the Securities of any series, in each case in compliance with the applicable provisions of the Indenture; or


 


(i)
to make any change that would provide any additional rights or benefits to the Holders of Securities of any series (including to secure
Securities of any series, add guarantees with respect thereto, to add to the covenants of the Issuer 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 the applicable series), or to surrender any right or power herein
conferred upon the Issuer, or that does not adversely affect the legal rights under this Indenture of any Holder of Securities of any
series in any material respect.


 


The
Trustee is hereby authorized to join with the Issuer in the execution of any such amendment or supplemental indenture, to make any further
appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or
pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such amendment or supplemental indenture
which affects the Trustee’s own rights, duties or immunities under the Indenture or otherwise.


 


Any
amendment or supplemental indenture authorized by the provisions of this section may be executed without notice to and without the consent
of the Holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 7.02.


 


Section
7.02. Supplemental Indentures with Consent of Holders.


 


(a)
With the consent (evidenced as provided in Article 6) of either (i) the Holders of not less than a majority in aggregate principal amount
of the Securities at the time Outstanding of that series or (ii) the Holders of not less than a majority in aggregate principal amount
of the Securities at the time Outstanding of all series affected by such amendment or supplemental indenture (voting together as a single
class), the Issuer, when authorized by a resolution of its Board of Directors, and the Trustee may, from time to time and at any time,
enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the
Securities of each such series. Except as otherwise provided herein, the Holders of at least a majority in aggregate principal amount
of the Securities at the time Outstanding of all series affected by such waiver (voting together as a single class), by notice to the
Trustee may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such series.


 


(b)
Notwithstanding the provisions of paragraph (a), without the consent of each affected Holder of a particular series, an amendment, supplement
or waiver may not (with respect to any non-consenting Holder):


 


(i)
reduce the aggregate principal amount of Securities of any series at maturity whose Holders must consent to an amendment;


 


(ii)
reduce the rate of or change or have the effect of changing the time for payment of interest, including defaulted interest, on Securities
of any series;


 


(iii)
reduce the principal of or change or have the effect of changing the fixed maturity of Securities of any series, or change the date on
which Securities of any series may be subject to redemption or repurchase or reduce the redemption price therefor;


 






    	28



     


    

 


(iv)
make Securities of any series payable in money other than that stated in the Securities of the applicable series or change the place
of payment of the Securities of any series from that stated in the Securities of such series or in the Indenture;


 


(v)
make any change in provisions of the Indenture protecting the right of each Holder to receive payment of principal of and interest on
such Holder’s Security or Securities on or after the due date thereof or to bring suit to enforce such payment, or permitting Holders
of a majority in aggregate principal amount of Securities of each series affected (voting together as a single class) to waive defaults
or Events of Default;


 


(vi)
make any change in these amendment and waiver provisions; or


 


(vii)
make any change or modification to the ranking of the Securities of any series that would adversely affect the Holders.


 


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. It shall not be necessary for the consent of the Holders under this section to approve the particular
form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof.


 


Section
7.03. Execution of Amendments or Supplemental Indentures or Waivers. Upon the request of the Issuer, accompanied by a copy of
a Resolution of the Board of Directors certified by the secretary or an assistant secretary of the Issuer authorizing the execution of
any such amendment, supplemental indenture or waiver and upon the filing with the Trustee of evidence of the consent of Holders as aforesaid
and other documents, if any, required by Section 6.01, the Trustee shall join with the Issuer in the execution of such amendment, supplemental
indenture or waiver unless such supplemental indenture or waiver affects the Trustee’s own rights, duties or immunities under the
Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such amendment, supplemental
indenture or waiver.


 


The
Trustee, subject to the provisions of Sections 5.01 and 5.05, may receive an Officer’s Certificate and an Opinion of Counsel as
conclusive evidence that any amendment, supplemental indenture or waiver executed pursuant to this Article 7 complies with the applicable
provisions of the Indenture; provided, however, that such Officer’s Certificate and Opinion of Counsel need not be provided
in connection with the execution of an amendment, supplemental indenture or waiver that establishes the terms of a series of Securities
pursuant to Section 2.01 hereof.


 


Promptly
after the execution by the Issuer and the Trustee of any amendment, supplemental indenture or waiver pursuant to the provisions of this
Section, the Issuer shall deliver a notice thereof to the Holders of each series affected thereby at their addresses as they shall appear
on the registry books of the Issuer, setting forth in general terms the substance of such amendment, supplemental indenture or waiver.
Any failure of the Issuer to deliver such notice, or any defect therein, shall not, however, in any way impair or affect the validity
of any such amendment, supplemental indenture or waiver.


 


Section
7.04. Effect of Amendment, Supplemental Indenture or Waiver. Upon the execution of any amendment, supplemental indenture or waiver
pursuant to the provisions hereof, the Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective
rights, limitations of rights, obligations, duties and immunities under the Indenture of the Trustee, the Issuer and the Holders of each
series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications
and amendments, and all the terms and conditions of any such amendment, supplemental indenture or waiver shall be and be deemed to be
part of the terms and conditions of the Indenture for any and all purposes.


 


Section
7.05. Effect of Consent. After an amendment, supplement or waiver becomes effective, it will bind every Holder unless it is of
the type requiring the consent of each Holder affected. If the amendment, supplement or waiver is of the type requiring the consent of
each Holder affected, the amendment, supplement or waiver will bind each Holder that has consented to it and every subsequent Holder
of a Security that evidences the same debt as the Security of the consenting Holder.


 






    	29



     


    

 


Section
7.06. Notation on Securities in Respect of Amendments, Supplemental Indentures or Waivers. Securities of any series authenticated
and delivered after the execution of any amendment, supplemental indenture or waiver pursuant to the provisions of this Article may,
but need not, bear a notation in form approved by the Trustee for such series, as to any matter provided for by such amendment, supplemental
indenture or waiver or as to any action taken at any such meeting. If the Trustee shall so determine, new Securities of any series so
modified as to conform, in the opinion of the Trustee and the Board of Directors of the Issuer, to any modification of the Indenture
contained in any such amendment, supplemental indenture or waiver may be prepared by the Issuer, authenticated by the Trustee and delivered
in exchange for the Securities of such series then Outstanding.


 


Section
7.07. Conformity with the Trust Indenture Act. Every amendment, supplemental indenture or waiver executed pursuant to this Article
shall conform to the requirements of the Trust Indenture Act as then in effect.


 


ARTICLE
8

Consolidation, Merger, Sale or Conveyance


 


Section
8.01. Consolidation, Merger or Sale of Assets by the Issuer.


 


(a)
The Issuer shall not merge into or consolidate with any other Person or Persons (whether or not affiliated with the Issuer) or sell,
convey, transfer, lease or otherwise dispose of all or substantially all of its property or assets to any other Person or Persons (whether
or not affiliated with the Issuer), unless:


 


(i)
either (a) the transaction is a merger or consolidation and the Issuer is the surviving entity; or (b) the successor Person (or the Person
which acquires by sale, conveyance, transfer or lease all or substantially all of the property or assets of the Issuer) is organized
under the laws of the United States, any state thereof or the District of Columbia and expressly assumes, by an indenture supplemental
hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the Issuer’s obligation for the due and punctual
payment of the principal of (and premium, if any, on) and interest on all the Outstanding Securities of any series and the performance
and observance of every covenant of the Outstanding Securities of such series and this Indenture on the part of the Issuer to be performed
or observed;


 


(ii)
immediately after giving effect to such transaction and treating any Indebtedness which becomes an obligation of the Issuer or any Subsidiary
as a result of such transaction as having been incurred by the Issuer or such Subsidiary at the time of such transaction, no Event of
Default shall have occurred and be continuing; and


 


(iii)
the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation,
merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental
indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied
with.


 


(b)
The restrictions in Sections 8.01(ii) and 8.01(iii) hereof shall not be applicable to:


 


(i)
the merger or consolidation of the Issuer with an affiliate of the Issuer if the Board of Directors determines in good faith that the
purpose of such transaction is principally to change the state of incorporation of the Issuer or convert the form of organization of
the Issuer to another form; or


 


(ii)
the merger of the Issuer with or into a single direct or indirect wholly owned subsidiary of the Issuer pursuant to Section 251(g) (or
any successor provision) of the General Corporation Law of the State of Delaware (or similar provision of the Issuer’s state of
incorporation).


 


Section
8.02. Successor Substituted. Upon any consolidation of the Issuer with, or merger of the Issuer into, any other Person or any
sale, transfer or other conveyance of substantially all of the properties and assets of the Issuer in accordance with Section 8.01, but
not in the case of a lease, the successor Person formed by such consolidation or into which the Issuer is merged or to which such sale,
transfer or other conveyance is made shall succeed to, and be substituted for, and may exercise every right and power of, the Issuer
under the Indenture with the same effect as if such successor Person had been named as the Issuer herein, and thereafter, the predecessor
Person shall be released of all obligations to pay principal and interest on the Securities and all other obligations and covenants under
the Indenture and the Securities. For purposes of the foregoing, if the Issuer consummates a Holding Company Reorganization, New HoldCo
shall be treated as the “successor Person” and the Holding Company Reorganization shall constitute the transfer to New HoldCo
of substantially all of the Issuer’s assets.


 






    	30



     


    

 


ARTICLE
9

Defeasance and Discharge; Unclaimed Moneys


 


Section
9.01. Satisfaction and Discharge of Indenture. The Issuer may terminate its obligations under the Indenture, when:


 


(a)
either (i) all the Securities of any series issued that have been authenticated and delivered have been delivered to the Trustee for
cancellation (other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced
or paid as provided in Section 2.09); or (ii) all the Securities of any series issued that have not been delivered to the Trustee for
cancellation shall have (A) become due and payable, or (B) are by their terms to become due and payable within one year, or are to be
called for redemption within one year and the Issuer shall have made irrevocable arrangements satisfactory to the Trustee for the giving
of notice of redemption by such Trustee in the Issuer’s name, and at the Issuer’s expense and the Issuer have irrevocably
deposited or caused to be deposited with the Trustee sufficient funds to pay and discharge the entire indebtedness on the applicable
series of Securities not theretofore delivered to the Trustee for cancellation, for principal, premium, if any, and interest to the date
of such deposit (in the case of Securities that have become due and payable) or to the applicable maturity or redemption date, as the
case may be, together with irrevocable instructions from the Issuer directing the Trustee to apply such funds to the payment thereof
at the applicable maturity or redemption date, as the case may be;


 


(b)
The Issuer shall have paid or caused to be paid all other sums then due and payable under the Indenture; and


 


(c)
The Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that all conditions
precedent under the Indenture relating to the satisfaction and discharge of the indenture have been complied with.


 


If
the foregoing conditions are met, the Trustee, on demand of the Issuer accompanied by an Officer’s Certificate and an Opinion of
counsel and at the cost and expense of the Issuer, shall execute proper instruments prepared by the Issuer acknowledging such satisfaction
of and discharging the Indenture with respect to such series except as to:


 


(1)
rights of Holders to receive payments when due of principal thereof and interest thereon, and remaining rights of the holders to receive
mandatory sinking fund payments, if any;


 


(2)
obligations of the Issuer in respect of issuing temporary Securities, registration of Securities, substitution of mutilated, defaced,
destroyed, lost or stolen Securities and the maintenance of an office or agency for payment on Securities;


 


(3)
rights of registration of transfer and exchange of Securities of such series, and the Issuer’s right of optional redemption, if
any;


 


(4)
the rights, powers, trusts, duties and immunities of the Trustee hereunder and the obligations of the Issuer in connection therewith;


 


(5)
the rights of the Holders of such series as beneficiaries hereof with respect to the property so deposited with the Trustee payable to
all or any of them;


 






    	31



     


    

 


(6)
the defeasance provisions of Section 9.02; and










 


(7)
the rights of the Issuer to be repaid any money pursuant to Sections 9.05 and 9.06.


 


Section
9.02. Legal Defeasance. Upon the Issuer’s exercise of the option applicable to this Section 9.02, the Issuer will be deemed
to have paid the entire indebtedness represented by, and will be discharged from its obligations in respect of, the Securities of any
series and the Indenture, other than its obligations in Article 2 and Section 3.01, Section 3.02, Section 5.07, Section 5.11, and listed
in clauses (1), (2), (3), (4), (5), (6) and (7) of Section 9.01, provided the following conditions have been satisfied:


 


(a)
The Issuer has irrevocably deposited or caused to be deposited with the Trustee as trust funds for the purpose of making the following
payments, specifically pledged as security for, and dedicated solely to the benefits of the holders of the Securities of a series in
cash or Governmental Obligations or a combination thereof (other than moneys repaid by the Trustee or any paying agent to the Issuer
in accordance with Section 9.06) in each case sufficient without reinvestment, in the written opinion of a nationally recognized investment
bank, appraisal firm, or firm of independent public accountants to pay and discharge, and which shall be applied by the Trustee to pay
and discharge, all of the principal, interest and any premium at due date or maturity or if the Issuer has made irrevocable arrangements
satisfactory to the Trustee for the giving of notice of redemption by the trustee in the Issuer’s name and at the Issuer’s
expense, the redemption date;


 


(b)
The Issuer has delivered to the Trustee an Opinion of Counsel stating that, as a result of an IRS ruling or a change in applicable federal
income tax law, the holders of the Securities of that series will not recognize gain or loss for federal income tax purposes as a result
of the deposit, defeasance and discharge to be effected and will be subject to the same federal income tax as would be the case if the
deposit, defeasance and discharge did not occur;


 


(c)
No default with respect to the outstanding Securities of that series has occurred and is continuing at the time of such deposit after
giving effect to the deposit or, in the case of legal defeasance, no default relating to bankruptcy or insolvency has occurred and is
continuing at any time on or before the date of such deposit (other than an Event of Default resulting from the borrowing of funds to
be applied to such deposit and the grant of any Lien securing such borrowings);


 


(d)
The defeasance will not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act, assuming all
Securities of a series were in default within the meaning of such Act;


 


(e)
The defeasance will not result in a breach or violation of, or constitute a default under the Indenture (other than an Event of Default
resulting from the borrowing of funds to be applied to such deposit and the grant of any Lien securing such borrowings), or any other
material agreement or instrument to which the Issuer or any of its Subsidiaries is a party or by which it or any of its Subsidiaries
is bound; and


 


(f)
The Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, in each case stating that all conditions
precedent provided for herein relating to the defeasance have been complied with.


 


Subject
to compliance with this Article 9, the Issuer may exercise its option under this Section 9.02 notwithstanding the prior exercise of its
option under Section 9.03 hereof.


 


Section
9.03. Covenant Defeasance. Upon the Issuer’s exercise of the option applicable to this Section 9.03, the Issuer’s
obligations set forth in Section 3.04, Section 3.05 and Section 8.01 will terminate and Section 4.01(d) will no longer constitute an
Event of Default, provided the following conditions have been satisfied:


 






    	32



     


    

 


(a)
The Issuer has complied with clauses (a), (c), (d), (e), (f) and (g) of Section 9.02; and


 


(b)
the Issuer has delivered to the Trustee an Opinion of Counsel to the effect that the holders of the Securities of that series will not
recognize gain or loss for U.S. federal income tax purposes as a result of the deposit and covenant defeasance to be effected and will
be subject to the same federal income tax as would be the case if the deposit and covenant defeasance did not occur.


 


Except
as specifically stated above, none of the Issuer’s obligations under the Indenture will be discharged.


 


Section
9.04. Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 9.06, all moneys deposited with
the Trustee pursuant to Section 9.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent
(including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series for the payment or
redemption of which such moneys or Governmental Obligations have been deposited with the Trustee, of all sums due and to become due thereon
for principal and interest. Such money need not be segregated from other funds except to the extent required by law.


 


Section
9.05. Repayment of Moneys Held by Paying Agent. In connection with the satisfaction and discharge of the Indenture with respect
to Securities of any series, all moneys then held by any paying agent under the provisions of the Indenture with respect to such series
of Securities shall, upon demand of the Issuer, be repaid to the Issuer or paid to the Trustee and thereupon such paying agent shall
be released from all further liability with respect to such moneys or Governmental Obligations.


 


Section
9.06. Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years. Any moneys or Governmental Obligations deposited
with or paid to the Trustee or any paying agent for the payment of the principal of or interest on any Security of any series and not
applied but remaining unclaimed for two years after the date upon which such principal or interest shall have become due and payable,
shall, upon the written request of the Issuer and unless otherwise required by mandatory provisions of applicable escheat or abandoned
or unclaimed property law, be repaid to the Issuer by the Trustee for such series or such paying agent, and the Holder of the Security
of such series shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property laws,
thereafter look only to the Issuer for any payment which such Holder may be entitled to collect, and all liability of the Trustee or
any paying agent with respect to such moneys shall thereupon cease.


 


ARTICLE
10

Miscellaneous Provisions


 


Section
10.01. Incorporators, Stockholders, Employees, Officers and Directors of Issuer Exempt from Individual Liability. No past, present
or future director, officer, employee, incorporator, agent, stockholder or Affiliate of the Issuer or any of its Subsidiaries, as applicable,
shall have any liability for any obligations of the Issuer or any of its Subsidiaries under the Securities, this Indenture or for any
claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Security waives and releases
all such liabilities. The waiver and release are part of the consideration for issuance of the Securities.


 


Section
10.02. Provisions of Indenture for the Sole Benefit of Parties and Holders. Nothing in the Indenture or in the Securities, expressed
or implied, shall give or be construed to give to any person, firm or corporation, other than the parties hereto and their successors
and the Holders, any legal or equitable right, remedy or claim under the Indenture or under any covenant or provision herein contained,
all such covenants and provisions being for the sole benefit of the parties hereto and their successors and of the Holders.


 


Section
10.03. Successors and Assigns of Issuer Bound by Indenture. All the agreements of the Issuer in the Indenture and the Securities
shall bind its successors and assigns.


 


Section
10.04. Notices and Demands on Issuer, Trustee and Holders. Any notice or demand which by any provision of the Indenture is required
or permitted to be given or served by the Trustee or by the Holders to or on the Issuer may be given or served by being deposited postage
prepaid, first-class mail (except as otherwise specifically provided herein) addressed (until another address of the Issuer is filed
by the Issuer with the Trustee) to Integrity Applications, Inc., Attention:
Chief Financial Officer and a copy of such notice or demand shall be sent to the Issuer’s General Counsel at the same address.
Any notice, direction, request or demand by the Issuer or any Holder to or upon the Trustee shall be deemed to have been sufficiently
given or made, for all purposes, if given or made at the applicable Corporate Trust Office of the Trustee.


 






    	33



     


    

 


Where
the Indenture provides for notice to Holders, such notice shall be sufficiently given (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, to each Holder entitled thereto, at his last address as it appears in the Register.
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. Where the Indenture provides for
notice in any manner, such notice may be waived in writing by the person entitled to receive such notice, either before or after the
event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such
filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.


 


In
case, by reason of the suspension of or irregularities in regular mail service, it shall be impracticable to mail notice to the Issuer
and Holders when such notice is required to be given pursuant to any provision of the Indenture, then any manner of giving such notice
as shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice.


 


Section
10.05. Officer’s Certificates and Opinions of Counsel; Statements to Be Contained Therein. Upon any application or demand
by the Issuer to the Trustee to take any action under any of the provisions of the Indenture, the Issuer shall furnish to the Trustee
an Officer’s Certificate stating that all conditions precedent, if any, provided for in the 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 have
been complied with, except that in the case of any such application or demand as to which the furnishing of such documents is specifically
required by any provision of the Indenture relating to such particular application or demand, no additional certificate or opinion need
be furnished.


 


Each
certificate or opinion provided for in the Indenture and delivered to the Trustee with respect to compliance with a condition or covenant
provided for in the Indenture shall include (a) a statement that the person making such certificate or opinion has read such covenant
or condition, (b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based, (c) a statement that, in the opinion of such person, he has made such examination
or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been
complied with and (d) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with.


 


Any
certificate, statement or opinion of an officer of the Issuer may be based, insofar as it relates to legal matters, upon a certificate
or opinion of or representations by counsel, unless such officer knows that the certificate or opinion or representations with respect
to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable
care should know that the same are erroneous. Any certificate, statement or opinion of counsel may be based, insofar as it relates to
factual matters, information with respect to which is in the possession of the Issuer, upon the certificate, statement or opinion of
or representations by an officer or officers of the Issuer, unless such counsel knows that the certificate, statement or opinion or representations
with respect to the matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise
of reasonable care should know that the same are erroneous.


 


Any
certificate, statement or opinion of an officer of the Issuer 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 Issuer, unless such
officer or counsel, as the case may be, knows that the certificate or opinion or representations with respect to the accounting matters
upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should
know that the same are erroneous.


 


Any
certificate or opinion of any independent firm of public accountants filed with the Trustee shall contain a statement that such firm
is independent.


 






    	34



     


    

 


Section
10.06. Payments Due on Saturdays, Sundays and Holidays. Except as provided pursuant to Section 2.01 pursuant to a Resolution of
the Board of Directors, and as set forth in an Officer’s Certificate, or established in one or more indentures supplemental to
the Indenture, if the date of maturity of interest on or principal of the Securities of any series or the date fixed for redemption or
repayment of any such Security shall not be a Business Day, then payment of interest or principal need not be made on such date, but
may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for
redemption, and no interest shall accrue for the period after such date.


 


Section
10.07. Trust Indenture Act of 1939. The Indenture shall incorporate and be governed by the provisions of the Trust Indenture Act
that are required to be part of and to govern indentures qualified under the Trust Indenture Act.


 


Section
10.08. New York Law to Govern. The Indenture and each Security shall be governed by and construed in accordance with the laws
of the State of New York.


 


Section
10.09. Counterparts. The Indenture may be executed in counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same instrument.


 


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


 


Section
10.11. Separability. In case any one or more of the provisions contained in the Indenture or in the Securities of any series shall
for any reason be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality or unenforceability shall
not affect or impair any other provisions of the Indenture or of such Securities, but the Indenture and such Securities shall be construed
as if such invalid or illegal or unenforceable provision had never been contained herein or therein.


 


ARTICLE
11

Redemption of Securities and Sinking Fund Provisions


 


Section
11.01. Applicability of Article. The provisions of this Article shall be applicable to the Securities of any series which are
redeemable before their maturity or to any sinking fund for the retirement of Securities of a series except as otherwise specified as
contemplated by Section 2.03 for Securities of such series.


 


Section
11.02. Notice of Redemption; Partial Redemptions. Unless otherwise indicated for Securities of a particular series by a Resolution
of the Board of Directors and set forth in an Officer’s Certificate or a supplemental indenture hereto, notice of redemption to
the Holders of any series to be redeemed as a whole or in part at the option of the Issuer shall be given at least 10 days and not more
than 60 days prior to the date fixed for redemption to such Holders of such series at their last addresses as they shall appear upon
the registry books. Any notice of redemption shall be mailed or caused to be mailed, by first class mail, or, in the case of the Depositary
with respect to any Global Note, sent electronically, to each Holder whose Notes are to be redeemed at its registered address. Any notice
redemption that is delivered in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the
Holder receives the notice. Failure to give notice, or any defect in the notice to the Holder of any Security of a series designated
for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security of such
series.


 


The
notice of redemption to each such Holder shall specify the principal amount of each Security of such series held by such Holder to be
redeemed, the date fixed for redemption, the redemption price, the place or places of payment, that payment will be made upon presentation
and surrender of such Securities, the conditions precedent, if any, to the redemption, that such redemption is pursuant to the mandatory
or optional sinking fund, or both, if such be the case, that interest accrued to the date fixed for redemption will be paid as specified
in such notice and that on, after said date interest thereon or on the portions thereof to be redeemed will cease to accrue and any other
information as may be required by the terms of the particular Security of such series or the Security of a series being redeemed. In
case any Security of a series is to be redeemed in part only the notice of redemption shall state the portion of the principal amount
thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security, a new Security
or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued.


 






    	35



     


    

 


The
notice of redemption of Securities of any series to be redeemed shall be prepared and given by the Issuer or, at the Issuer’s request,
prepared by the Issuer and given by the Trustee in the name and at the expense of the Issuer.


 


If
less than all the Securities of any series are to be redeemed, the Trustee shall select Securities of such series to be redeemed in whole
or in part in compliance with the requirements of the principal national securities exchange, if any, on which the Securities of the
applicable series are listed or, if the Securities of such series are not so listed, on a pro rata basis, by lot or by such method
as it shall deem fair and appropriate, or in the case of Global Notes, in accordance with the procedures of the Depositary. Securities
may be redeemed in part in multiples equal to the minimum authorized denomination for Securities of such series or any multiple thereof.
The Trustee shall promptly notify the Issuer in writing of the Securities of such series selected for redemption and, in the case of
any Securities of such series selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of the Indenture,
unless the context otherwise requires, all provisions relating to the redemption of Securities of any series shall relate, in the case
of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is
to be redeemed.


 


At
least one Business Day prior to the redemption date specified in the notice of redemption given as provided in this Section, the Issuer
will deposit with the Trustee or with one or more paying agents (or, if the Issuer is acting as its own paying agent, set aside, segregate
and hold in trust as provided in Section 3.03) an amount of money sufficient to redeem on the redemption date all the Securities of such
series so called for redemption at the appropriate redemption price, together with accrued interest to the date fixed for redemption.


 


Section
11.03. Payment of Securities Called for Redemption. If notice of redemption has been given as above provided, the Securities or
portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the
applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the
Issuer shall default in the payment of such Securities at the redemption price, together with interest accrued to said date) interest
on the Securities or portions of Securities so called for redemption shall cease to accrue and such Securities shall cease from and after
the date fixed for redemption to be entitled to any benefit or security under the 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 date fixed for redemption.
On presentation and surrender of such Securities at a place of payment specified in said notice, said Securities or the specified portions
thereof shall be paid and redeemed by the Issuer at the applicable redemption price, together with interest accrued thereon to the date
fixed for redemption; provided that any payment of interest becoming due on or before the date fixed for redemption shall be payable
to the Holders of such Securities registered as such on the relevant record date.


 


If
any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid or duly
provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original
Issue Discount Security) borne by the Security.


 


Upon
presentation of any Security redeemed in part only, the Issuer shall execute and the Trustee shall authenticate and deliver to or on
the order of the Holder thereof, at the expense of the Issuer, a new Security or Securities of such series, of authorized denominations,
in principal amount equal to the unredeemed portion of the Security so presented.


 


Section
11.04. Exclusion of Certain Securities from Eligibility for Selection for Redemption. Securities shall be excluded from eligibility
for selection for redemption if they are identified by registration and certificate number in a written statement signed by an authorized
officer of the Issuer and delivered to the Trustee at least 15 days prior to the last date on which notice of redemption may be given
as being owned of record and beneficially by, and not pledged or hypothecated by either (a) the Issuer or (b) an entity specifically
identified in such written statement directly or indirectly controlling or controlled by or under direct or indirect common control with
the Issuer.


 


Section
11.05. Mandatory and Optional Sinking Funds. 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”.
The date on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment date”.


 






    	36



     


    

 


In
lieu of making all or any part of any mandatory sinking fund payment with respect to any series of Securities in cash, the Issuer may
at its option (a) deliver to the Trustee Securities of such series theretofore purchased or otherwise acquired (except upon redemption
pursuant to the mandatory sinking fund) by the Issuer or receive credit for Securities of such series (not previously so credited) theretofore
purchased or otherwise acquired (except as aforesaid) by the Issuer and delivered to the Trustee for cancellation pursuant to Section
2.10, (b) receive credit for optional sinking fund payments (not previously so credited) made pursuant to this Section, or (c) receive
credit for Securities of such series (not previously so credited) redeemed by the Issuer through any optional redemption provision contained
in the terms of such series. Securities so delivered or credited shall be received or credited by the Trustee at the sinking fund redemption
price specified in such Securities.


 


Not
less than 60 days prior to each sinking fund payment date for any series, the Issuer will deliver to the Trustee a written statement
(which need not contain the statements required by Section 10.05) signed by an authorized officer of the Issuer (a) specifying the portion
of the mandatory sinking fund payment to be satisfied by payment of cash and the portion to be satisfied by credit of Securities of such
series, (b) stating that none of the Securities of such series has theretofore been so credited, (c) stating that no defaults in the
payment of interest or Events of Default with respect to such series have occurred (which have not been waived or cured) and are continuing
and (d) stating whether or not the Issuer intends to exercise its right to make an optional sinking fund payment with respect to such
series and, if so, specifying the amount of such optional sinking fund payment which the Issuer intends to pay on or before the next
succeeding sinking fund payment date. Any Securities of such series to be credited and required to be delivered to the Trustee in order
for the Issuer to be entitled to credit therefor as aforesaid which have not theretofore been delivered to the Trustee shall be delivered
for cancellation pursuant to Section 2.10 to the Trustee with such written statement (or reasonably promptly thereafter if acceptable
to the Trustee). Such written statement shall be irrevocable and upon its receipt by the Trustee the Issuer shall become unconditionally
obligated to make all the cash payments or payments therein referred to, if any, on or before the next succeeding sinking fund payment
date. Failure of the Issuer, at least 60 days prior to such sinking fund payment date, to deliver such written statement and Securities
specified in this paragraph, if any, shall not constitute a default but shall constitute, on and as of such date, the irrevocable election
of the Issuer (i) that the mandatory sinking fund payment for such series due on the next succeeding sinking fund payment date shall
be paid entirely in cash without the option to deliver or credit Securities of such series in respect thereof and (ii) that the Issuer
will make no optional sinking fund payment with respect to such series as provided in this Section.


 


The
Trustee shall select, in the manner provided in Section 11.02, for redemption on such sinking fund payment date a sufficient principal
amount of Securities of such series to absorb said cash, as nearly as may be, and shall (if requested in writing by the Issuer) inform
the Issuer of the serial numbers of the Securities of such series (or portions thereof) so selected. Securities of any series which are
(a) owned by the Issuer or an entity known by the Trustee to be directly or indirectly controlling or controlled by or under direct or
indirect common control with the Issuer, as shown by the Register, and not known to the Trustee to have been pledged or hypothecated
by the Issuer or any such entity or (b) identified in an Officer’s Certificate at least 60 days prior to the sinking fund payment
date as being beneficially owned by, and not pledged or hypothecated by, the Issuer or an entity directly or indirectly controlling or
controlled by or under direct or indirect common control with the Issuer shall be excluded from Securities of such series eligible for
selection for redemption. The notice of redemption of the Securities of such series to be redeemed shall be prepared and given by the
Issuer or, at the Issuer’s request, prepared by the Issuer and given by the Trustee in the name and at the expense of the Issuer
in substantially the manner provided in Section 11.02 (and with the effect provided in Section 11.03) for the redemption of Securities
of such series in part at the option of the Issuer. The amount of any sinking fund payments not so applied or allocated to the redemption
of Securities of such series shall be added to the next cash sinking fund payment for such series and, together with such payment, shall
be applied in accordance with the provisions of this Section. Any and all sinking fund moneys held on the stated maturity date of the
Securities of any particular series (or earlier, if such maturity is accelerated), which are not held for the payment or redemption of
particular Securities of such series, shall be applied, together with other moneys, if necessary, sufficient for the purpose, to the
payment of the principal of, and interest on, the Securities of such series at maturity.


 






    	37



     


    

 


At
least one Business Day before each sinking fund payment date, the Issuer shall pay to the Trustee in cash or shall otherwise provide
for the payment of all interest accrued to the date fixed for redemption on Securities to be redeemed on the next following sinking fund
payment date.


 


The
Trustee shall not redeem or cause to be redeemed any Securities of a series with sinking fund moneys or mail any notice of redemption
of Securities for such series by operation of the sinking fund during the continuance of a default in payment of interest on such Securities
or of any Event of Default except that, where the mailing of notice of redemption of any Securities shall theretofore have been made,
the Trustee shall redeem or cause to be redeemed such Securities, provided that it shall have received from the Issuer a sum sufficient
for such redemption. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such default or Event of
Default shall occur, and any moneys thereafter paid into the sinking fund, shall, during the continuance of such default or Event of
Default, be deemed to have been collected under Article 4 and held for the payment of all such Securities. In case such Event of Default
shall have been waived as provided in Section 4.09 or the default cured on or before the 60th day preceding the sinking fund payment
date in any year, such moneys shall thereafter be applied on the next succeeding sinking fund payment date in accordance with this section
to the redemption of such Securities.


 


[Signature
Page Follows]


 




    	38



     


    

 


IN
WITNESS WHEREOF, the parties hereto have caused the Indenture to be duly executed as of the date set forth above.


 


	 	INTEGRITY
    APPLICATIONS, INC.
	 	 	                   
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	[  ], as Trustee
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 


	STATE
    OF ___________________	)	 
	 	)	ss.:
	COUNTY
    OF _____________	)	 


 


On
this ___ day of ___________ before me personally came ___________ to me personally known, who, being by me duly sworn, did depose and
say that s/he resides at ___________ that s/he is a ___________ of Integrity Applications, Inc., one of the corporations described in
and which executed the above instrument and that s/he signed his name thereto by like authority.


 


[NOTARIAL
SEAL]


 


	STATE
    OF ___________________	)	 
	 	)	ss.:
	COUNTY
    OF _____________	)	 


 


On
this ___ day of __________ before me personally came ___________ to me personally known, who, being by me duly sworn, did depose and
say that s/he resides at ___________ that s/he is a ___________ of [  ], one of the corporations described in and which executed the above
instrument and that s/he signed his name thereto by like authority.


 


[NOTARIAL
SEAL]


 




    	39