Exhibit 4.2


  


 



  


INDENTURE


 


Dated
as of ____________, 20__


 


Between


 


China
Jo-Jo Drugstores, Inc.


as
Issuer


 


And


 


[__________________________],


as
Trustee


 


 


 


___________________


 


 


Debt
Securities


 


____________________


 





 


 



 






    	 



    	 



    

 


TABLE
OF CONTENTS


 


	 			Page
	ARTICLE I	DEFINITIONS
    AND INCORPORATION BY REFERENCE	1
	 	SECTION 1.01.	Definitions	1
	 	SECTION 1.02.	Other Definitions	3
	 	SECTION 1.03	Incorporation
    by Reference of Trust Indenture Act	3
	 	SECTION 1.04	Rules of Construction	3
	ARTICLE II	THE
    SECURITIES	4
	 	SECTION 2.01	Unlimited in
    Amount, Issuable in Series, Form and Dating	4
	 	SECTION 2.02	Execution and
    Authentication	6
	 	SECTION 2.03	Registrar and
    Paying Agent	6
	 	SECTION 2.04	Paying Agent
    to Hold Assets in Trust	7
	 	SECTION 2.05	Holder Lists	7
	 	SECTION 2.06	Registration
    of Transfer and Exchange	7
	 	SECTION 2.07	Replacement Securities	7
	 	SECTION 2.08	Outstanding Securities	8
	 	SECTION 2.09	Treasury Securities	8
	 	SECTION 2.10	Temporary Securities	8
	 	SECTION 2.11	Cancellation	8
	 	SECTION 2.12	CUSIP Numbers	8
	 	SECTION 2.13	Defaulted Interest	8
	 	SECTION 2.14	Special Record
    Dates	9
	ARTICLE III	REDEMPTION	9
	 	SECTION 3.01	Notices to Trustee	9
	 	SECTION 3.02	Selection of
    Securities to Be Redeemed	9
	 	SECTION 3.03	Notice of Redemption	9
	 	SECTION 3.04	Effect of Notice
    of Redemption	10
	 	SECTION 3.05	Deposit of Redemption
    Price	10
	 	SECTION 3.06	Securities Redeemed
    in Part	10
	ARTICLE IV	COVENANTS	10
	 	SECTION 4.01	Payment of Securities	10
	 	SECTION 4.02	Maintenance of
    Office or Agency	10
	 	SECTION 4.03	SEC Reports	11
	 	SECTION 4.04	Compliance Certificate	11
	 	SECTION 4.05	Taxes	11
	 	SECTION 4.06	Corporate Existence	11
	ARTICLE V	MERGER,
    ETC.	11
	 	SECTION 5.01	When Company
    May Merge, etc.	11
	 	SECTION 5.02	Successor Corporation
    Substituted	11



 






    	 



    	 



    

 


	ARTICLE VI	DEFAULTS
    AND REMEDIES	12
	 	SECTION
    6.01	Events
    of Default	12
	 	SECTION 6.02	Acceleration	12
	 	SECTION 6.03	Other Remedies	13
	 	SECTION 6.04	Wavier of Past
    Defaults	13
	 	SECTION 6.05	Control by Majority	13
	 	SECTION 6.06	Limitation on
    Suits	13
	 	SECTION 6.07	Rights of Holders
    to Receive Payment	13
	 	SECTION 6.08	Collection Suit
    by Trustee	13
	 	SECTION 6.09	Trustee May File
    Proofs of Claim	13
	 	SECTION 6.10	Priorities	14
	 	SECTION 6.11.	Undertaking for
    Costs	14
	ARTICLE VII	TRUSTEE	14
	 	SECTION 7.01.	Duties of Trustee	14
	 	SECTION 7.03.	Individual Rights
    of Trustee	16
	 	SECTION 7.04.	Trustee’s
    Disclaimer	16
	 	SECTION 7.05.	Notice of Defaults	16
	 	SECTION 7.06.	Reports by Trustee
    to Holders	16
	 	SECTION 7.07.	Compensation
    and Indemnity	16
	 	SECTION 7.08.	Replacement of
    Trustee	17
	 	SECTION 7.09.	Successor Trustee
    by Merger, Etc.	17
	 	SECTION 7.10.	Eligibility;
    Disqualification	17
	 	SECTION 7.11.	Preferential
    Collection of Claims Against the Company	18
	ARTICLE VIII	DISCHARGE
    OF INDENTURE	18
	 	SECTION 8.01.	Satisfaction
    and Discharge of Indenture	18
	 	SECTION 8.02.
    	Application of
    Trust Funds; Indemnification	18
	 	SECTION 8.03.	Legal Defeasance
    of Securities of any Series	19
	 	SECTION 8.04.	Covenant Defeasance	20
	 	SECTION 8.05.	Repayment to
    Company	20
	ARTICLE IX	AMENDMENTS,
    SUPPLEMENTS AND WAIVERS	21
	 	SECTION 9.01.	Without Consent
    of Holders	21
	 	SECTION 9.02.	With Consent
    of Holders	21
	 	SECTION 9.03.	Compliance with
    Trust Indenture Act	21
	 	SECTION 9.04.	Revocation and
    Effect of Consents	21
	 	SECTION 9.05.	Notation on or
    Exchange of Securities	21
	 	SECTION 9.06.	Trustee to Sign
    Amendment, etc.	22
	ARTICLE X	MISCELLANEOUS	22
	 	SECTION 10.01.	Trust Indenture
    Act Controls	22
	 	SECTION 10.02.	Notices	22
	 	SECTION 10.03.	Communication
    by Holders with Other Holders	23
	 	SECTION 10.04.	Certificate and
    Opinion as to Conditions Precedent	23
	 	SECTION 10.05.	Statements Required
    in Certificate or Opinion	23
	 	SECTION 10.06.	Rules by Trustee
    and Agents	23
	 	SECTION 10.07.	Legal Holidays	23
	 	SECTION 10.08.	Duplicate Originals	23
	 	SECTION 10.09.	Governing Law	23
	 	SECTION 10.10.	No Adverse Interpretation
    of Other Agreements	23
	 	SECTION 10.11.	Successors	23
	 	SECTION 10.12.	Severability	23
	 	SECTION 10.13.	Counterpart Originals	23




 






    	 



    	 



    

 


CROSS-REFERENCE
TABLE


 


	TIA
    Section	 	Indenture

        Section

	 	 	 
	Section 310 	(a)(1)	7.10
	 	(a)(2)	7.10
	 	(a)(3)	N.A.
	 	(a)(4)	N.A.
	 	(a)(5)	7.10
	 	(b)	7.08; 7.10
	 	(c)	N.A.
	Section 311 	(a)	7.11
	 	(b)	7.11
	 	(c)	N.A.
	Section 312	(a)	2.05
	 	(b)(1)	N.A.
	 	(b)(2)	7.06
	 	(c)	7.06; 12.02
	 	(d)	7.06
	Section 314 	(a)(1), (2), (3)	4.03
	 	(a)(4)	4.04
	 	(b)	N.A.
	 	(c)(1)	10.04
	 	(c)(2)	10.04
	 	(c)(3)	N.A.
	 	(d)	N.A.
	 	(e)	10.05
	 	(f)	N.A.
	Section 315 	(a)	7.01(b)
	 	(b)	7.05; 10.02
	 	(c)	7.01(a)
	 	(d)	7.01(c)
	 	(e)	6.11
	Section 316	(a) (last sentence)	2.09
	 	(a)(1)(A)	6.05
	 	(a)(1)(B)	6.04
	 	(a)(2)	N.A.
	 	(b)	6.07
	 	(c)	9.04
	Section 317 	(a)(1)	6.08
	 	(a)(2)	6.09
	 	(b)	2.04
	Section 318 	(a)	10.01


 





N.A. means
Not Applicable


 


NOTE:
This Cross-Reference Table shall not, for any purpose, be deemed to be a part of the indenture.


 


 






    	 



    	 



    




 


INDENTURE
dated as of __________, 20___, between China Jo-Jo Drugstores, Inc., a Nevada corporation (the “Company”),
as issuer, and [_______________], a [__________] banking corporation, as Trustee (the “Trustee”).


 


The
Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its
debentures, notes or other evidences of indebtedness to be issued in one or more series (the “Securities”),
as herein provided, up to such principal amount as may from time to time be authorized in or pursuant to one or more resolutions
of the Board of Directors or by supplemental indenture.


 


Each
party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of each series
of the Securities:


 


ARTICLE
I


 


.A    
DEFINITIONS AND INCORPORATION BY REFERENCE


 


SECTION
1.01. Definitions.


 


“Affiliate”
means, when used with reference to the Company or another person, any person directly or indirectly controlling, controlled by,
or under direct or indirect common control with, the Company or such other person, as the case may be. For the purposes of this
definition, “control” when used with respect to any specified person means the power to direct or cause the direction
of management or policies of such person, directly or indirectly, whether through the ownership of voting Securities, by contract
or otherwise; and the terms “Controlling” and “controlled” have meanings correlative of the foregoing.


 


“Agent”
means any registrar, Paying Agent, authenticating agent or co-registrar.


 


“Board
of Directors” means, with respect to any person, the Board of Directors of a person or any duly authorized committee
of such Board of Directors.


 


“Board
Resolution” means, with respect to any person, a copy of a resolution certified by the secretary or an assistant secretary
of such person to have been duly adopted by the Board of Directors of such person or any duly authorized committee thereof and
to be in full force and effect on the date of such certification, and delivered to the Trustee.


 


“Business
Day” means a day that is not a Legal Holiday as defined in Section 10.07.


 


“Company”
means the party named as such in this Indenture, or any other obligor under this Indenture, until a successor replaces it pursuant
to this Indenture and thereafter means the successor.


 


“Consolidated”
or “consolidated” means, when used with reference to any amount, such amount determined on a consolidated basis
in accordance with GAAP, after the elimination of intercompany items.


 


“Consolidated
Assets” means, at a particular date, all amounts which would be included under total assets on a consolidated balance
sheet of the Company and its Subsidiaries as at such date, determined in accordance with GAAP.


 


“Corporate Trust
Office” means the office of the Trustee at which at any particular time its corporate services business shall be principally
administered, which office at the date of execution of this Indenture is located at [__________________].


 


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


 


“Event
of Default” has the meaning provided in Section 6.01.


 


“Exchange
Act” means the Securities Exchange Act of 1934, as amended any successor Statute.


 


“GAAP”
means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board
of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards
Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession,
which are applicable from time to time.


 






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“Global
Security” means a Security issued to evidence all or a part of any series of Securities that is executed by the Company
and authenticated and delivered by the Trustee to a depositary or pursuant to such depositary’s instructions, all in accordance
with this Indenture and pursuant to Section 2.01, which shall be registered as to principal and interest in the name of
such depositary or its nominee.


 


“Holder”
means the person in whose name a Security is registered on the registrar’s books.


 


“Indebtedness”
of a Person means all obligations which would be treated as liabilities upon a balance sheet of such Person prepared on a consolidated
basis in accordance with GAAP.


 


“Indenture”
means this Indenture, as amended, supplemented or modified from time to time, and shall include the terms of a particular series
of Securities established as contemplated by Section 2.01.


 


“Lien”
means any lien, security interest, charge or encumbrance of any kind.


 


“Obligations”
means all obligations for principal, premium, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities
payable under the documentation governing any Indebtedness.


 


“Officer”
of any person means the Chairman of the Board, the Chief Executive Officer, the President, any Vice President, the Treasurer,
the Secretary or the Controller of such person.


 


“Officers’
Certificate” means a certificate signed by two Officers or by an Officer and an Assistant Treasurer, Assistant Secretary
or Assistant Controller of any person.


 


“Opinion
of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may
be an employee of or counsel to the Company.


 


“Original
Issue Discount Security” means any Security which provides that an amount less than its principal amount is due and
payable upon acceleration after an Event of Default.


 


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


 


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


 


“Redemption
Price” has the meaning provided in Section 3.03.


 


“SEC”
means the Securities and Exchange Commission and any government agency succeeding to its functions.


 


“Securities”
means the means the securities authenticated and delivered under this Indenture.


 


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


 


“Series”
means a series of Securities established pursuant to this Indenture.


 


“Subsidiary”
of any Person means (i) a corporation a majority of whose capital stock with voting power, under ordinary circumstances, to elect
directors is at the time, directly or indirectly, owned by such Person or by such Person and a subsidiary or subsidiaries of such
Person or by a subsidiary or subsidiaries of such Person or (ii) any other Person (other than a corporation) in which such Person
or such Person and a subsidiary or subsidiaries of such Person or a subsidiary or subsidiaries of such Persons, at the time, directly
or indirectly, own at least a majority voting interest under ordinary circumstances.


 


“TIA”
means the Trust Indenture Act of 1939 (15 U.S. Code Section 77aaa-77bbbb), as in effect on the date of this Indenture; provided,
however, that in the event the TIA is amended after such date, “TIA” means, to the extent required by
such amendment, the Trust Indenture Act of 1939, as so amended.


 






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“Trustee”
means the party named as such above until a successor becomes such pursuant to this Indenture and thereafter means or includes
each party who is then a trustee hereunder, and if at any time there is more than one such party, “Trustee”
as used with respect to the Securities of any series means the Trustee with respect to Securities of that series. If Trustees
with respect to different series of Securities are Trustees under this Indenture, nothing herein shall constitute the Trustees
co-Trustees of the same trust, and each Trustee shall be the Trustee of a trust separate and apart from any trust administered
by any other Trustee with respect to a different series of Securities.


 


“Trust
Officer” means any officer in the corporate trust department of the Trustee or any other officer of the Trustee assigned
by the Trustee to administer this Indenture.


 


“U.S.
Government Obligations” means (i) direct obligations of the United States of America for the payment of which the full
faith and credit of the United States of America 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 and which in either case, are non-callable at the option of the issuer
thereof.


 


SECTION
1.02. Other Definitions. 


 


	 		 	Defined
    in
	 	Term	 	Section 
	 	 	 	 
	 	“Bankruptcy
    Law”	 	6.01
	 	“Custodian”	 	6.01
	 	“Legal
    Holiday” 	 	10.07
	 	“Paying
    Agent”	 	2.03
	 	“Registrar”	 	2.03







  





SECTION
1.03. Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to a provision of the TIA,
the provision is incorporated by reference in and made a part of this Indenture.


 


The
following TIA terms used in this Indenture have the following meanings:


 


“indenture
Securities” means the Securities;


 


“indenture
Security holder” means a Holder;


 


“indenture
to be qualified” means this Indenture;


 


“indenture
Trustee” or “institutional Trustee” means the Trustee; and


 


“obligor”
on the Securities means the Company and any other obligor on the indenture Securities.


 


All other
TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
have the meanings assigned to them by such definitions.


 


SECTION
1.04. Rules of Construction. Unless the context otherwise requires: (i) a term has the meaning assigned to it; (ii)
an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; (iii) “or” is not
exclusive; (iv) words in the singular include the plural, and in the plural include the singular; (v) provisions apply to successive
events and transactions; and (vi) statements relating to the payment of principal and interest shall include the payment, premium
(if any) and interest.


 






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ARTICLE
II


 


THE
SECURITIES


 


SECTION
2.01. Unlimited in Amount, Issuable in Series, Form and Dating.


 


The
aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities
may be issued in one or more series. There shall be established pursuant to a Board Resolution or an Officers’ Certificate
pursuant to authority granted under a Board Resolution or established in one or more indentures supplemental hereto, prior to
the issuance of Securities of any series:


 


(a)The
title, ranking and authorized denominations of such Securities;


 


(b)The
aggregate principal amount of such Securities and any limit on such aggregate principal amount;


 


 


(c)The
price (expressed as a percentage of the principal amount thereof) at which such Securities will be issued and, if other than the
principal amount thereof, the portion of the principal amount thereof payable upon declaration of acceleration of the maturity
thereof;


 


(d)The
date or dates, or the method for determining such date or dates, on which the principal of such Securities will be payable;


 


(e)The
rate or rates (which may be fixed or variable), or the method by which such rate or rates shall be determined, at which such Securities
will bear interest, if any;


 


(f)The
date or dates, or the method for determining such date or dates, from which any such interest will accrue, the dates on which
any such interest will be payable, the record dates for such interest payment dates, or the method by which such dates shall be
determined, the persons to whom such interest shall be payable, and the basis upon which interest shall be calculated if other
than that of a 360-day year of twelve 30-day months;


 


(g)The
place or places where the principal of and interest, if any, on such Securities will be payable, where such Securities may be
surrendered for registration of transfer or exchange and where notices or demands to or upon the Company in respect of such Securities
and this Indenture may be served;


 


(h)The
period or periods, if any, within which, the price or prices at which and the other terms and conditions upon which such Securities
may, pursuant to any optional or mandatory redemption provisions, be redeemed, as a whole or in part, at the option of the Company;


 


(i)The
obligation, if any, of the Company to redeem, repay or purchase such Securities pursuant to any sinking fund or analogous provision
or at the option of a holder thereof, and the period or periods within which, the price or prices at which and the other terms
and conditions upon which such Securities will be redeemed, repaid or purchased, as a whole or in part, pursuant to such obligation;


 


(j)If
other than U.S. dollars, the currency or currencies in which such Securities are denominated and payable, which may be a foreign
currency or units of two or more foreign currencies or a composite currency or currencies, and the terms and conditions relating
thereto;


 


(k)Whether
the amount of payments of principal of (and premium, if any) or interest, if any, on such Securities may be determined with reference
to an index, formula or other method (which index, formula or method may, but need not be, based on the yield on or trading price
of other Securities, including United States Treasury Securities, or on a currency, currencies, currency unit or units, or composite
currency or currencies) and the manner in which such amounts shall be determined;


 


(l)Whether
the principal of or interest on the Securities of the series is to be payable, at the election of the Company or a holder thereof,
in a currency or currencies, currency unit or units or composite currency or currencies other than that in which such Securities
are denominated or stated to be payable, the period or periods within which, and the terms and conditions upon which, such election
may be made, and the time and manner of, and identity of the exchange rate agent with responsibility for, determining the exchange
rate between the currency or currencies, currency unit or units or composite currency or currencies in which such Securities are
denominated or stated to be payable and the currency or currencies, currency unit or units or composite currency or currencies
in which such Securities are to be so payable;


 






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(m)Provisions,
if any, granting special rights to the holders of Securities of the series upon the occurrence of such events as may be specified;


 


(n)Any
deletions from, modifications of or additions to the Events of Default or covenants of the Company with respect to Securities
of the series, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants described
herein;


 


(o)Whether
and under what circumstances the Company will pay any additional amounts on such Securities in respect of any tax, assessment
or governmental charge and, if so, whether the Company will have the option to redeem such Securities in lieu of making such payment;


 


(p)Whether
Securities of the series are to be issuable as registered Securities, bearer Securities (with or without coupons) or both, any
restrictions applicable to the offer, sale or delivery of bearer Securities and the terms upon which bearer Securities of the
series may be exchanged for registered Securities of the series and vice versa (if permitted by applicable laws and regulations),
whether any Securities of the series are to be issuable initially in temporary global form and whether any Securities of the series
are to be issuable in permanent global form with or without coupons and, if so, whether beneficial owners of interests in any
such permanent Global Security may exchange such interests for Securities of such series and of like tenor or any authorized form
and denomination and the circumstances under which any such exchanges may occur, if other than in the manner provided in this
Indenture, and, if registered Securities of the series are to be issuable as a Global Security, the identity of the depositary
for such series;


 


(q)The
date as of which any bearer Securities of the series and any temporary Global Security representing outstanding Securities of
the series shall be dated if other than the date of original issuance of the first Security of the series to be issued;


 


(r)The
person to whom any interest on any registered Security of the series shall be payable, if other than the person in whose name
that Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such
interest, the manner in which, or the person to whom, any interest on any bearer Security of the series shall be payable, if otherwise
than upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or
the manner in which, any interest payable on a temporary Global Security on an interest payment date will be paid if other than
in the manner provided in this Indenture;


 


(s)Whether
such Securities will be issued in certificated or book entry form;


 


(t)The
applicability, if any, of the legal defeasance and covenant defeasance provisions of this Indenture to the Securities of the series;


 


(u)If
the Securities of such series are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary
Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then
the form and/or terms of such certificates, documents or conditions;


 


(v)Whether
the Securities will be listed for trading on an exchange and the identity of such exchange;


 


(w)Whether
any underwriters will act as market makers for the Securities;


 


(x)Any
guarantees of such Securities by the Company’s Subsidiaries or others;


 


(y)The
date or dates, if any, after which the Securities may be converted or exchanged into or for shares of the Company’s common
stock or another company’s securities or properties or cash and the terms for any such conversion or exchange;


 


(z)Any
other terms of the series.


 






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The
Securities of any series shall be substantially of the tenor and purport as set forth in one or more indentures supplemental hereto
or as provided in a written order of the Company, in each case with such insertions, omission, substitutions and other variations
as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification or designation
and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are not
inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation
made pursuant thereto or with any rule or regulation of any stock exchange on which Securities of that series may be listed or
of the depository, or to conform to usage.


 


The
Trustee’s Certificate of Authentication shall be in substantially the following form:


 


“This
is one of the Securities of the series designated in accordance with, and referred to in the within-mentioned Indenture.


 


Dated:


 


[____________________],
as Trustee


 


By:
                                                                


Authorized
Signatory”


 





SECTION
2.02. Execution and Authentication. Two Officers shall sign the Securities for the Company by manual or facsimile signature.


 


If
an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security
shall be valid nevertheless.


 


A
Security shall not be valid until authenticated by the manual signature of the Trustee. The signature shall be conclusive evidence
that the Security has been authenticated under this Indenture.


 


The
Trustee shall authenticate Securities for original issue upon a written order of the Company signed by one Officer of the Company.


 


The
Trustee may appoint an authenticating agent reasonably acceptable to the Company to authenticate Securities. Unless limited by
the terms of such appointment, an authenticating agent may authenticate Securities whenever the Trustee may do so. Each reference
in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same
rights as an Agent to deal with the Company or an Affiliate of the Company.


 


If
the Company shall establish pursuant to Section 2.01 that the Securities of a series are to be issued in the form of one
or more Global Securities, then the Company shall execute and the Trustee shall authenticate and deliver one or more Global Securities
that (i) shall represent and shall be denominated in an amount equal to the aggregate principal amount of all of the Securities
of such series to be issued in the form of Global Securities and not yet canceled, (ii) shall be registered in the name of the
depositary for such Global Security or Securities or the nominee of such depositary, (iii) shall be delivered by the Trustee to
such depositary or pursuant to such depositary’s instructions, and (iv) shall bear a legend substantially to the following
effect: “Unless and until it is exchanged in whole or in part for Securities in definitive registered form, this Security
may not be transferred except as a whole by the depositary to the nominee of the depositary or by a nominee of the depositary
to the depositary or another nominee of the depositary or by the depositary or any such nominee to a successor depositary or a
nominee of such successor depositary.”


 


Each
depositary designated pursuant to Section 2.01 must, at the time of its designation and at all times while it services
as depositary, be a clearing agency registered under the Exchange Act.


 


SECTION
2.03. Registrar and Paying Agent. The Company shall maintain an office or agency where Securities of a particular series
may be presented for registration of transfer or for exchange (the “Registrar”) and an office or agency where
Securities may be presented for payment (the “Paying Agent”). The registrar for a particular series of Securities
shall keep a register of the Securities of that series and of their transfer and exchange. The Company may appoint one or more
co-registrars and one or more additional Paying Agents for each series of Securities. The term “Paying Agent” includes
any additional paying agent and the term “Registrar” includes any additional registrar. The Company may change any
Paying Agent or registrar without prior notice to any Holder.


 






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The
Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture, which shall incorporate
the terms of the TIA and implement the terms of this Indenture which relate to such Agent. The Company shall give prompt written
notice to the Trustee of the name and address of any Agent who is not a party to this Indenture. If the Company fails to appoint
or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any Affiliate of the Company
may act as Paying Agent or Registrar.


 


The
Company hereby initially appoints the Trustee as Registrar and Paying Agent for each series of Securities unless another Registrar
or Paying Agent, as the case may be, is appointed prior to the time the Securities of that series are first issued.


 


SECTION
2.04. Paying Agent to Hold Assets in Trust. The Company shall require each Paying Agent other than the Trustee to agree
in writing that the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent
for the payment of principal of and interest on the Securities (whether such money has been paid to it by the Company or any other
obligor on the Securities) and shall notify the Trustee of any failure by the Company (or any other obligor on the Securities)
in making any such payment. While any such failure continues, the Trustee may require a Paying Agent to pay all money held by
it to the Trustee and to account for any funds disbursed. The Company at any time may require a Paying Agent to pay all money
held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the
Company) shall have no further liability for the money so paid over to the Trustee. If the Company or a Subsidiary of the Company
acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it
as Paying Agent.


 


SECTION
2.05. Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list
available to it of the names and addresses of Holders, separately by series, and shall otherwise comply with TIA Section 312(a).
If the Trustee is not the registrar, the Company shall furnish to the Trustee on or before each interest payment date for the
Securities and at such other times as the Trustee may request in writing a list in such form and as of such date as the Trustee
may reasonably require of the names and addresses of Holders, separately by series, relating to such interest payment date or
request, as the case may be.


 


SECTION
2.06. Registration of Transfer and Exchange. When Securities of a series are presented to the registrar or a co-registrar
with a request to register their transfer or to exchange them for an equal principal amount of Securities of other denominations,
the registrar or co-registrar shall register the transfer or make the exchange if its requirements for such transaction are met.
To permit registrations of transfer and exchanges, the Company shall issue and the Trustee shall authenticate Securities at the
registrar’s or co-registrar’s request. No service charge shall be made for any registration of transfer or exchange,
but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection
with registration, transfer or exchange of Securities other than exchanges pursuant to Section 2.10, 3.06 or 9.05
not involving any transfer.


 


The
registrar or co-registrar shall not be required to register the transfer or exchange of (i) any Security of a particular series
selected for redemption in whole or in part, except the unredeemed portion of any Security of that series being redeemed in part,
or (ii) any Security of a particular series during a period beginning at the opening of business 15 days before the day of any
selection of Securities of that series for redemption under Section 3.02 and ending at the close of business on the date
of selection.


 


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


 


SECTION
2.07. Replacement Securities. If a mutilated Security is surrendered to the Trustee or if the Holder of a Security
claims that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate
a replacement Security of the same series if the requirements of the Trustee and the Company are met; provided that, if
any such Security has been called for redemption in accordance with the terms thereof, the Trustee may pay the Redemption Price
thereof on the Redemption Date without authenticating or replacing such Security. The Trustee or the Company may, in either case,
require the Holder to provide an indemnity bond sufficient in the judgment of each of the Trustee and the Company to protect the
Company, the Trustee or any Agent from any loss which any of them may suffer if a Security is replaced or if the Redemption Price
therefor is paid pursuant to this Section. The Company may charge the Holder who has lost a Security for its expenses in replacing
a Security.


 






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Every
replacement Security is an obligation of the Company and shall be entitled to the benefits of this Indenture equally and proportionately
with any and all other Securities of the same series.


 


SECTION
2.08. Outstanding Securities. The Securities of any series outstanding at any time are all the Securities of that series
authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation and those described in this
Section as not outstanding.


 


If
a Security is replaced pursuant to Section 2.07, it ceases to be outstanding and interest ceases to accrue unless the Trustee
receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser.


 


If
all principal of and interest on any of the Securities are considered paid under Section 4.01, such Securities shall cease
to be outstanding and interest on them shall cease to accrue.


 


Except
as provided in Section 2.09, a Security does not cease to be outstanding because the Company or an Affiliate of the Company
holds such Security.


 


For each series of Original Issue Discount Securities, the principal amount of such Securities that
shall be deemed to be outstanding and used to determine whether the necessary Holders have given any request, demand, authorization,
direction, notice, consent or waiver, shall be the principal amount of such Securities that could be declared to be due and payable
upon acceleration upon an Event of Default as of the date of such determination. When requested by the Trustee, the Company will
advise the Trustee of such amount, showing its computations in reasonable detail.


 


SECTION
2.09. Treasury Securities. In determining whether the Holders of the required principal amount of Securities of any
series have concurred in any direction, waiver or consent, Securities owned by the Company or an Affiliate of the Company shall
be considered as though they are not outstanding, except that for the purposes of determining whether the Trustee shall be protected
in relying on any such direction, waiver or consent, only Securities which such Trustee actually knows are so owned shall be so
disregarded.


 


SECTION
2.10. Temporary Securities. Until definitive Securities are ready for delivery, the Company may prepare and execute
and the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially in the form of definitive
Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay,
the Company shall prepare and the Trustee shall authenticate definitive Securities in exchange for temporary Securities. Holders
of temporary Securities shall be entitled to all of the benefits of this Indenture.


 


SECTION
2.11. Cancellation.  The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar
and Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange, payment
or repurchase. The Trustee shall cancel all Securities surrendered for registration of transfer, exchange, payment, repurchase,
redemption, replacement or cancellation and shall destroy such Securities (subject to the record retention requirements of the
Exchange Act). Certification of the destruction of all cancelled Securities shall be promptly delivered to the Company. The Company
may not issue new Securities to replace Securities that it has paid or that have been delivered to the Trustee for cancellation.


 


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


 


SECTION
2.13. Defaulted Interest.  If the Company fails to make a payment of interest on any series of Securities, it shall
pay such defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest, in any lawful manner.
It may elect to pay such defaulted interest, plus any such interest payable on it, to the Persons who are Holders of such Securities
on which the interest is due on a subsequent special record date. The Company shall notify the Trustee in writing of the amount
of defaulted interest proposed to be paid on each such Security. The Company shall fix any such record date and payment date for
such payment. At least 15 days before any such record date, the Company shall mail to Holders affected thereby a notice that states
the record date, payment date, and amount of such interest to be paid.


 






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SECTION
2.14. Special Record Dates. The Company may, but shall not be obligated to, set a record date for the purpose of determining
the identity of Holders entitled to consent to any supplement, amendment or waiver permitted by this Indenture. If a record date
is fixed, the Holders of Securities of that series outstanding on such record date, and no other Holders, shall be entitled to
consent to such supplement, amendment or waiver or revoke any consent previously given, whether or not such Holders remain Holders
after such record date. No consent shall be valid or effective for more than 90 days after such record date unless consents from
Holders of the principal amount of Securities of that series required hereunder for such amendment or waiver to be effective shall
have also been given and not revoked within such 90-day period.


 


ARTICLE
III








.B    
REDEMPTION







  


SECTION
3.01. Notices to Trustee. If the Company elects to redeem Securities of any series pursuant to any optional redemption
provisions thereof, it shall notify the Trustee of the intended Redemption Date and the principal amount of Securities of that
series to be redeemed.


 


The
Company shall give each notice provided for in this Section and an Officers’ Certificate at least 45 days before the Redemption
Date (unless a shorter period shall be satisfactory to the Trustee).


 


SECTION
3.02. Selection of Securities to Be Redeemed. If fewer than all the Securities of any series are to be redeemed, the
Trustee shall select the Securities of that series to be redeemed from the outstanding Securities of that series to be redeemed
by a method that complies with the requirements of any exchange on which the Securities of that series are listed, or, if the
Securities of that series are not listed on an exchange, on a pro rata basis or by lot, which in any case shall be in accordance
with a method the Trustee considers fair and appropriate.


 


Except as otherwise provided as to any particular series of Securities,
Securities and portions thereof that the Trustee selects shall be in amounts equal to the minimum authorized denomination for
Securities of the series to be redeemed or any integral multiple thereof. Provisions of this Indenture that apply to Securities
called for redemption also apply to portions of Securities called for redemption. The Trustee shall notify the Company promptly
in writing of the Securities or portions of Securities to be called for redemption.


 


SECTION
3.03. Notice of Redemption. At least 30 days but not more than 60 days before the Redemption Date, the Company shall
mail a notice of redemption by first-class mail to each Holder whose Securities are to be redeemed at the address of such Holder
appearing in the register.


 


The
notice shall identify the Securities of the series to be redeemed and shall state:


 


(1)the
Redemption Date;


 


(2)the
redemption price fixed in accordance with the terms of the Securities of the series to be redeemed, plus accrued interest, if
any, to the date fixed for redemption (the “Redemption Price”);


 


(3)if
any Security is being redeemed in part, the portion of the principal amount of such Security to be redeemed and that, after the
Redemption Date, upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion
will be issued;


 


(4)the
name and address of the Paying Agent;


 






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(5)that
Securities called for redemption must be surrendered to the Paying Agent to collect the Redemption Price;


 


(6)that,
unless the Company defaults in payment of the Redemption Price, interest on Securities called for redemption ceases to accrue
on and after the Redemption Date; and


 


(7)the
CUSIP number, if any, of the Securities to be redeemed.


 


At
the Company’s written request, the Trustee shall give the notice of redemption in the Company’s name and at its expense.
The notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Holder
receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Security
shall not affect the validity of the proceeding for the redemption of any other Security.


 


SECTION
3.04. Effect of Notice of Redemption. Once notice of redemption is mailed, Securities called for redemption become
due and payable on the Redemption Date at the Redemption Price. Upon surrender to the Paying Agent, such Securities shall be paid
at the Redemption Price.


 


SECTION
3.05. Deposit of Redemption Price. On or before the Redemption Date, the Company shall deposit with the Trustee or
with the Paying Agent (or if the Company or any Subsidiary of the Company is acting as its own Paying Agent, the Company or such
Subsidiary shall segregate and hold in trust) money sufficient to pay the Redemption Price on all Securities to be redeemed on
that date other than Securities or portions thereof called for redemption on that date which have been delivered by the Company
to the Trustee for cancellation. The Paying Agent shall promptly return to the Company any money not required for that purpose.


 


SECTION
3.06. Securities Redeemed in Part. Upon surrender of a Security that is redeemed in part, the Company shall issue and
the Trustee shall authenticate for the Holder at the expense of the Company, a new Security of the same series equal in principal
amount to the unredeemed portion of the Security surrendered.


 


ARTICLE
IV


 


COVENANTS


 


SECTION
4.01. Payment of Securities. The Company shall pay or cause to be paid the principal of and interest on the Securities
on the dates and in the manner provided in this Indenture and the Securities. Principal and interest shall be considered paid
on the date due if the Paying Agent, if other than the Company or an Affiliate, holds as of 11:00 a.m. New York time on that date
immediately available funds designated for and sufficient to pay all principal and interest then due. To the extent lawful, the
Company shall pay interest on overdue principal and overdue installments of interest at the rate per annum borne by the applicable
series of Securities.


 


SECTION
4.02. Maintenance of Office or Agency.  The Company shall maintain in the Borough of Manhattan, the City of New York,
or in [_______________], an office or agency (which may be an office of the Trustee or an affiliate of the Trustee or registrar)
where Securities may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company
in respect of the Securities and this Indenture may be served. The Company shall give prompt written notice to the Trustee of
the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any
such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders,
notices and demands may be made or served at the Corporate Trust Office of the Trustee.


 


The
Company may also from time to time designate one or more other offices or agencies where the Securities may be presented or surrendered
for any or all such purposes and may from time to time rescind such designations; provided, however, that no such
designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Borough
of Manhattan, the City of New York, or [___________], for such purposes. The Company shall give prompt written notice to the Trustee
of any such designation or rescission and of any change in the location of any such other office or agency.


 


The
Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in accordance
with Section 2.03.


 






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SECTION
4.03. SEC Reports. The Company shall deliver to the Trustee within 15 days after it files them with the SEC copies
of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing
as the SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or
15(d) of the Exchange Act; provided, however, the Company shall not be required to deliver to the Trustee any materials for which
the Company has sought and received confidential treatment by the SEC. The Company also shall comply with the other provisions
of TIA Section 314 (a).


 


SECTION
4.04. Compliance Certificate. The Company shall deliver to the Trustee, within 120 days after the end of each fiscal
year of the Company, an Officers’ Certificate stating that in the course of the performance by the signers of their duties
as officers of the Company, they would normally have knowledge of any failure by the Company to comply with all conditions, or
default by the Company with respect to any covenants, under this Indenture, and further stating whether or not they have knowledge
of any such failure or default and, if so, specifying each such failure or default and the nature thereof. For purposes of this
Section, such compliance shall be determined without regard to any period of grace or requirement of notice provided for in this
Indenture. The certificate need not comply with Section 10.04.


 


SECTION
4.05. Taxes.  The Company shall pay prior to delinquency, all material taxes, assessments, and governmental levies
except as contested in good faith by appropriate proceedings.


 


SECTION
4.06. Corporate Existence. Subject to Article V hereof, the Company shall do or cause to be done all things
necessary to preserve and keep in full force and effect (i) its corporate existence and (ii) the material rights (charter and
statutory), licenses and franchises of the Company and its Subsidiaries taken as a whole; provided, however, that
the Company shall not be required to preserve any such right, license or franchise if the Board of Directors or management of
the Company shall determine that the preservation thereof is no longer in the best interests of the Company, and that the loss
thereof is not adverse in any material respect to the Holders.


 


ARTICLE
V


 


MERGER,
ETC.


 


SECTION
5.01. When Company May Merge, etc. (a) The Company shall not consolidate or merge with or into, or sell, assign, transfer,
lease, convey or otherwise dispose of all or substantially all of its assets to, any Person unless: (i) the Person formed by or
surviving any such consolidation or merger (if other than the Company), or to which such sale, assignment, transfer, lease, conveyance
or disposition has been made, is a corporation organized and existing under the laws of the United States of America, any state
thereof or the District of Columbia; (ii) the Person formed by or surviving any such consolidation or merger (if other than the
Company), or to which such sale, assignment, transfer, lease, conveyance or disposition has been made, assumes by supplemental
indenture satisfactory in form to the Trustee all the obligations of the Company under the Securities and this Indenture; and
(iii) immediately after such transaction, and giving effect thereto, no Default or Event of Default shall have occurred and be
continuing. Notwithstanding the foregoing, the Company may merge with another Person or acquire by purchase or otherwise all or
any part of the property or assets of any other corporation or Person in a transaction in which the surviving entity is the Company.


 


(b)In
connection with any consolidation, merger, sale, assignment, transfer or lease contemplated by this Section 5.01, the Company
shall deliver, or cause to be delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an Officers’
Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, assignment, transfer or lease and the
supplemental indenture in respect thereof comply with Article V and the TIA and that all conditions precedent herein provided
for relating to such transaction have been complied with.


 


SECTION
5.02. Successor Corporation Substituted. Upon any consolidation or merger, or any sale, assignment, transfer, lease,
conveyance or other disposition of all or substantially all the assets of the Company in accordance with Section 5.01,
the successor corporation formed by such consolidation or into which the Company is merged or to which such sale, assignment,
transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise every right
and power of, the Company under this Indenture with the same effect as if such successor corporation had been named as the Company
herein. In the event of any such sale or conveyance, but not any such lease, the Company or any successor corporation which thereafter
shall have become such in the manner described in this Article V shall be discharged from all obligations and covenants
under this Indenture and the Securities and may be dissolved, wound up or liquidated.


 






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ARTICLE
VI


 


DEFAULTS
AND REMEDIES


 


SECTION
6.01. Events of Default. An “Event of Default” occurs with respect to Securities of any particular series,
unless in the establishing Board Resolutions, Officers’ Certificate or supplemental indenture hereto, it is provided that
such series shall not have the benefit of any such Event of Default, when any of the following occurs:


 


(i)the
Company defaults in the payment of interest on any Security of that series when it becomes due and payable and such default continues
for a period of 30 days;


 


(ii)the
Company defaults in the payment of the principal of any Security of that series when the same becomes due and payable at maturity,
upon acceleration, redemption or otherwise;


 


(iii)the
Company fails to comply with any of its other agreements or covenants in, or provisions of, the Securities of that series or this
Indenture and the Default continues for the period and after the notice specified below;


 


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


 


(v)a
court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (A) is for relief against the Company
in an involuntary case or proceeding, (B) appoints a Custodian for the Company or for all or substantially all of the Company’s
property, or (C) orders the liquidation of the Company;


 


and in case
of (v) the order or decree remains unstayed and in effect for 60 days.


 


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


 


A
Default under clause (iii) of this Section 6.01 is not an Event of Default with respect to a particular series of Securities until
the Trustee notifies the Company in writing, or the Holders of at least 25% in principal amount of the outstanding Securities
of that series notify the Company and the Trustee, in writing, of the Default, and the Company does not cure the Default within
30 days after receipt of the notice. The notice must specify the Default, demand that it be remedied and state that the notice
is a “Notice of Default”.


 


SECTION
6.02. Acceleration. If an Event of Default (other than an Event of Default specified in clause (iv) or (v) of Section
6.01) occurs and is continuing, the Trustee or the Holders of at least 25% of the principal amount of the outstanding Securities
of that series, by written notice to the Company may declare due and payable 100% of the principal amount (or, in the case of
Original Issue Discount Securities, such lesser amount as may be provided for in such Securities) of the Securities of that series
plus any accrued interest to the date of payment. Upon a declaration of acceleration, such principal (or such lesser amount) and
accrued interest to the date of payment shall be due and payable. If an Event of Default specified in clause (iv) or (v) of Section
6.01 occurs, all unpaid principal and accrued interest on the Securities shall become and be immediately due and payable without
any declaration or other act on the part of the Trustee or any Holder.


 


The
Holders of a majority of the outstanding principal amount of the Securities of that series by written notice to the Trustee may
rescind an acceleration and its consequences if (i) all existing Events of Default other than the nonpayment of principal (or
such lesser amount) of or interest on the Securities of that series which have become due solely because of the acceleration,
have been cured or waived and (ii) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction.


 






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SECTION
6.03. Other Remedies. If an Event of Default occurs and is continuing with respect to any series of Securities, the
Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment of principal of or interest on
the Securities of that series or to enforce the performance of any provision of the Securities of that series or this Indenture.


 


The
Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding.
A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon the Event of Default shall not
impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other
remedy. All remedies are cumulative to the extent permitted by law.


 


SECTION
6.04. Waiver of Past Defaults. Subject to Sections 6.07 and 9.02, the Holders of at least a majority
in principal amount of the outstanding Securities of any series by notice to the Trustee may waive an existing Default or Event
of Default and its consequences with respect to that series, except a Default in the nonpayment of the principal of or interest
on any Security of that series (provided, however, that the Holders of a majority in principal amount of the then
outstanding Securities of any series may rescind an acceleration and its consequences, including any related payment default that
resulted from such acceleration) . When a Default or Event of Default is waived, it is cured and ceases.


 


SECTION
6.05. Control by Majority. The Holders of at least a majority in principal amount of the outstanding Securities of
any series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising
any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture,
that the Trustee determines may be unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal
liability. The Trustee may take any other action which it deems proper which is not inconsistent with any such direction.


 


SECTION
6.06. Limitation on Suits. A Holder of Securities of any series may not pursue a remedy with respect to this Indenture
or the Securities of that series unless: (i) the Holder gives to the Trustee written notice of a continuing Event of Default with
respect to such series; (ii) the Holders of at least 25% in principal amount of the outstanding Securities of that series make
a written request to the Trustee to pursue the remedy; (iii) such Holder or Holders offer to the Trustee indemnity satisfactory
to the Trustee against any loss, liability, cost or expense; (iv) the Trustee does not comply with the request within 60 days
after receipt of the request and the offer of indemnity; and (v) during such 60-day period the Holders of at least a majority
in principal amount of the outstanding Securities of that series do not give the Trustee a direction inconsistent with the request.


 


A
Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another
Holder.


 


SECTION
6.07. Rights of Holders To Receive Payment. Notwithstanding any other provision of this Indenture, the right of any
Holder of a Security to receive payment of principal of or interest, if any, on the Security on or after the respective due dates
expressed or provided for in the Security, or to bring suit for the enforcement of any such payment on or after such respective
dates, shall not be impaired or affected without the consent of the Holder.


 


SECTION
6.08. Collection Suit by Trustee. If an Event of Default specified in Section 6.01(i) or (ii) occurs
and is continuing with respect to Securities of any series, the Trustee may recover judgment in its own name and as Trustee of
an express trust against the Company for the whole amount of principal (or such portion of the principal as may be specified as
due upon acceleration at that time in the terms of that series of Securities) and accrued interest, if any, remaining unpaid on
the outstanding Securities of that series, together with (to the extent lawful) interest on overdue principal and interest, and
such further amount as shall be sufficient to cover the costs and, to the extent lawful, expenses of collection, including the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due
the Trustee under Section 7.07.


 


SECTION
6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as
may be necessary or advisable in order to have the claims of the Trustee and the Holders allowed in any judicial proceeding relative
to the Company (or any other obligor upon the Securities), its creditors or its property and shall be entitled and empowered to
participate as a member, voting or otherwise, of any official committee of creditors appointed in such matter and to collect and
receive any moneys or other property payable or deliverable on any such claims and to distribute the same, and any custodian in
any such judicial proceedings is hereby authorized by each Holder to make such payments to the Trustee and, in the event that
the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts
due the Trustee under Section 7.07. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent
to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the
Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any
such proceeding.


 






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SECTION
6.10. Priorities. If the Trustee collects any money pursuant to this Article VI, it shall pay out the money
in the following order:


 


FIRST:to
the Trustee, its agents and attorneys for amounts due under Section 7.07, including payment of all compensation, expense
and liabilities incurred, and all advances made by the Trustee and the costs and expenses of collection;


 


SECOND:to
Holders of any particular series of Securities for amounts due and unpaid on the Securities of such series for principal and interest,
if any, ratably, without preference or priority of any kind, according to the amounts due and payable on the Securities of such
series for principal and interest, respectively; and


 


THIRD:to
the Company or any other obligors on the Securities of that series, as their interests may appear, or as a court of competent
jurisdiction may direct.


 


The
Trustee, upon prior written notice to the Company, may fix a record date and payment date for any payment to Holders pursuant
to this Section 6.10. The Trustee shall notify the Company in writing reasonably in advance of any such record date and payment
date.


 


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


 


 


ARTICLE
VII


 


TRUSTEE


 


SECTION
7.01. Duties of Trustee. (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such
of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent
person would exercise or use under the circumstances in the conduct of such person’s own affairs.


 


(b)
Except during the continuance of an Event of Default: (1) the Trustee need perform only those duties that are specifically
set forth in this Indenture or the TIA, and no implied covenants or obligations shall be read into this Indenture against the
Trustee and (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements
and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to
the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether
or not, on their face, they conform to the requirements of this Indenture.


 


(c)
The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful
misconduct except that: (1) this paragraph does not limit the effect of paragraph (b) of this Section 7.01, (2) the Trustee
shall not be liable for any error of judgment made in good faith by a Trust Officer or other officer, unless it is proved that
the Trustee was negligent in ascertaining the pertinent facts and (3) the Trustee shall not be liable with respect to any action
it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05.


 


(d)
Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is
subject to paragraphs (a), (b), (c) and (e) of this Section 7.01.


 






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(e)
No provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability. The Trustee
may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory to it against any loss,
liability, cost or expense (including, without limitation, reasonable fees of counsel).


 


(f)
The Trustee shall not be obligated to pay interest on any money or other assets received by it unless otherwise agreed in
writing with the Company. Assets held in trust by the Trustee need not be segregated from other funds except to the extent required
by law.


 


SECTION
7.02. Rights of Trustee. Subject to Section 7.01:


 


(a)
The Trustee may conclusively rely on any document (whether in its original or facsimile form) reasonably 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. The Trustee shall receive and retain financial reports and statements of the Company as provided herein, but
shall have no duty to review or analyze such reports or statements to determine compliance under covenants or other obligations
of the Company.


 


(b)
Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate and/or an Opinion of Counsel.
The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on an Officers’ Certificate
or Opinion of Counsel.


 


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


 


(d)
The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized
or within its rights or powers, unless the Trustee’s conduct constitutes willful misconduct or negligence.


 


(e)
The Trustee may consult with counsel of its selection, and the advice or opinion of counsel with respect to legal matters
relating to this Indenture and the Securities shall be full and complete authorization and protection from liability in respect
of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel.


 


(f)
The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Trust Officer of the Trustee has
actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the
Corporate Trust Office of the Trustee and such notice references the Securities and this Indenture.


 


(g)
The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right
to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each
agent, custodian and other Person employed to act hereunder.


 


(h)
The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request,
order or direction of any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered
to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby.


 


(i)
Whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established
prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed)
may request, and in the absence of bad faith or willful misconduct on its part, rely upon an Officers’ Certificate and an
Opinion of Counsel.


 


(j)
The Trustee may request that the Company deliver an Officers’ Certificate setting for the names of individuals and/or
titles of officers authorized at such times to take specified actions pursuant to this Indenture, which Officers’ Certificate
may be signed by any person specified as so authorized in any such certificate previously delivered and not superseded.


 






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SECTION
7.03. Individual Rights of Trustee.


 


The
Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the
Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with
like rights. However, the Trustee is subject to Sections 7.10 and 7.11.


 


SECTION
7.04. Trustee’s Disclaimer. The Trustee makes no representation as to the validity or adequacy of this Indenture
or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities and it shall not
be responsible for any statement in the Securities other than its certificate of authentication.


 


SECTION
7.05. Notice of Defaults. If a Default or Event of Default with respect to the Securities of any series occurs and
is continuing, and if it is known to the Trustee, the Trustee shall mail to Holders a notice of the Default or Event of Default
within 90 days after the occurrence thereof. Except in the case of a Default or Event of Default in payment of any such Security,
the Trustee may withhold the notice if and so long as it in good faith determines that withholding the notice is in the interests
of the Holders.


 


SECTION
7.06. Reports by Trustee to Holders. The Trustee shall transmit to Holders such reports concerning the Trustee and
its actions under this Indenture as may be required by TIA Section 3.13 at the times and in the manner provided by the TIA, which
shall initially be not less than every twelve months commencing on and may be dated as of a date up to 75 days prior to such transmission.


 


A
copy of each report at the time of its mailing to Holders shall be filed with the SEC, if required, and each stock exchange, if
any, on which the Securities are listed. The Company shall promptly notify the Trustee when the Securities of any series are listed
on any stock exchange.


 


SECTION
7.07. Compensation and Indemnity. The Company shall be liable for paying to the Trustee from time to time reasonable
compensation for its acceptance of this Indenture and services hereunder as the Company and the Trustee shall from time to time
agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express
trust. The Company shall be liable for reimbursing the Trustee upon request for all reasonable out-of-pocket expenses incurred
or made by it, including costs of collection, costs of preparing and reviewing reports, certificates and other documents, costs
of preparation and mailing of notices to Securityholders and reasonable costs of counsel retained by the Trustee in connection
with the delivery of an Opinion of Counsel or otherwise, in addition to the compensation for its services. Such expenses shall
include the reasonable compensation and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants
and experts. The Company shall indemnify the Trustee against any and all loss, liability, damages, claims or expense (including
reasonable attorneys’ fees and expenses) incurred by it without negligence, bad faith or willful misconduct on its part
in connection with the administration of this trust and the performance of its duties hereunder, including the costs and expense
of enforcing this Indenture (including this Section 7.07) and of defending itself against any claims (whether asserted
by any Securityholder, the Company or otherwise). Failure by the Trustee to so notify the Company shall not relieve the Company
of its obligations hereunder. The Company shall defend the claim, and the Trustee shall provide reasonable cooperation at the
Company’s expense in the defense. The Trustee may have separate counsel and the Company shall pay the fees and expenses
of such counsel, provided that the Company shall not be required to pay such fees and expenses if it assumes the Trustee’s
defense, and, in the reasonable judgment of outside counsel to the Trustee, there is no conflict of interest between the Company
and the Trustee in connection with such defense. Notwithstanding the foregoing, the Company need not reimburse any expense or
indemnify against any loss, liability or expense which is finally determined by a court of competent jurisdiction to have been
incurred by the Trustee through the Trustee’s own willful misconduct, negligence or bad faith.


 


To
secure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities on all money
or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular
Securities. Such lien shall survive the satisfaction and discharge of this Indenture. The Trustee’s right to receive payment
of any amounts due under this Section 7.07 shall not be subordinate to any other liability or Indebtedness of the Company.


 


The
Company’s and the Subsidiary Guarantors’ payment obligations pursuant to this Section shall survive the discharge
of this Indenture. When the Trustee incurs expenses after the occurrence of an Event of Default specified in clause (iv) or clause
(v) of Section 6.01 with respect to the Company, the expenses are intended to constitute expenses of administration under
any Bankruptcy Law.


 






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SECTION
7.08. Replacement of Trustee. A resignation or removal of the Trustee and appointment of a successor Trustee shall
become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.08.


 


The
Trustee may resign and be discharged from the trust hereby created with respect to one or more or all series of Securities by
so notifying the Company in writing. The Holders of a majority in principal amount of the then outstanding Securities of any series
may remove the Trustee with respect to that series by so notifying the Trustee and the Company in writing. The Company may remove
the Trustee with respect to one or more or all series of Securities if: (i) the Trustee fails to comply with Section 7.10
or TIA Section 310; (ii) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to
the Trustee under any Bankruptcy Law; (iii) a Custodian or public officer takes charge of the Trustee or its property; or (iv)
the Trustee becomes incapable of acting.


 


If,
as to any series of Securities, the Trustee resigns or is removed or if a vacancy exists in the office of the Trustee for any
reason, the Company shall promptly appoint a successor Trustee for that series of Securities. The Trustee shall be entitled to
payment of its fees and reimbursement of its expenses while acting as Trustee. Within one year after the successor Trustee takes
office, the Holders of at least a majority in principal amount of then outstanding Securities of that series may appoint a successor
Trustee to replace the successor Trustee appointed by the Company.


 


Any
Holder of Securities of that series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment
of a successor Trustee if the Trustee fails to comply with Section 7.10.


 


A
successor Trustee as to any series of Securities shall deliver a written acceptance of its appointment to the retiring Trustee
and to the Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee
shall have all the rights, powers and duties of the Trustee under this Indenture. The Company shall mail a notice of the successor
Trustee’s succession to the Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to
the successor Trustee, subject to the lien provided for in Section 7.07. Notwithstanding replacement of the Trustee pursuant
to this Section 7.08, the Company’s obligations under Section 7.07 hereof shall continue for the benefit of
the retiring Trustee with respect to expenses, losses and liabilities incurred by it prior to such replacement.


 


In
case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the
Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and
deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain
such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the
appointment of such successor Trustee relates, (2) shall contain such provisions as shall be necessary or desirable to confirm
that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series
as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or
change any of the provisions of this Indenture as shall be necessary or desirable to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee; provided, however, that nothing herein or in such supplemental
indenture shall constitute such Trustees to be co-Trustees of the same trust and that each such Trustee shall be Trustee of a
trust hereunder separate and apart from any trust hereunder administered by any other such Trustee.


 


Upon
the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective
to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested
with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series
to which the appointment of such successor Trustee relates.


 


SECTION
7.09. Successor Trustee by Merger, Etc. Subject to Section 7.10, 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 successor entity without any further act shall be the successor Trustee as to that series of Securities.


 


SECTION
7.10. Eligibility; Disqualification. Each series of Securities shall always have a Trustee who satisfies the requirements
of TIA Section 310(a) (1), (2) and (5). The Trustee as to any series of Securities shall always have a combined capital and surplus
of at least $100 million as set forth in its most recent published annual report of condition. The Trustee is subject to TIA Section
310(b).


 






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SECTION
7.11. Preferential Collection of Claims Against the Company. The Trustee is subject to TIA Section 311(a), excluding
any creditor relationship listed in TIA Section 311 (b). A Trustee who has resigned or been removed shall be subject to TIA Section
311(a) to the extent indicated therein.


 





ARTICLE
VIII



DISCHARGE OF INDENTURE


 


SECTION
8.01. Satisfaction and Discharge of Indenture. This Indenture shall cease to be of further effect (except as to any
surviving rights of registration of transfer or exchange of Securities herein expressly provided for), and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when


 


(a)either


 


(i)all
Securities theretofore authenticated and delivered (other than Securities that have been destroyed, lost or stolen and that have
been replaced or paid) have been delivered to the Trustee for cancellation; or


 


(ii)all
such Securities not theretofore delivered to the Trustee for cancellation


 


(1)have
become due and payable, or


 


(2)will
become due and payable at their stated maturity within one year, or


 


(3)are
to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption
by the Trustee in the name, and at the expense, of the Company, or


 


(4)are
deemed paid and discharged pursuant to Section 8.03, as applicable;


 


and
the Company, in the case of (1), (2) or (3) above, has deposited or caused to be deposited with the Trustee as trust funds in
trust an amount sufficient for the purpose of paying and discharging the entire indebtedness on such Securities not theretofore
delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the case of Securities which
have become due and payable on or prior to the date of such deposit) or to the stated maturity or redemption date, as the case
may be;


 


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


 


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


 


Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.07, and,
if money shall have been deposited with the Trustee pursuant to clause (a) of this Section or if money or obligations shall have
been deposited with or received by the Trustee pursuant to Section 8.03, the obligations of the Trustee under Section
8.02 and Section 8.05 shall survive.


 


SECTION
8.02. Application of Trust Funds; Indemnification.


 


(a)Subject
to the provisions of Section 8.05, all money deposited with the Trustee pursuant to Section 8.01, all money and
U.S. Government Obligations deposited with the Trustee pursuant to Section 8.03 or 8.04 and all money received by
the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to Section 8.03 or 8.04,
shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment,
either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine,
to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received
by the Trustee or to make mandatory sinking fund payments or analogous payments as contemplated by Sections 8.03 and 8.04.


 






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(b)The
Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government
Obligations deposited pursuant to Sections 8.03 or 8.04 or the interest and principal received in respect of such
obligations other than any payable by or on behalf of Holders.


 


(c)The
Trustee shall deliver or pay to the Company from time to time upon the request of the Company any U.S. Government Obligations
or money held by it as provided in Sections 8.03 or 8.04 which, in the opinion of a nationally recognized firm of
independent certified public accountants expressed in a written certification thereof delivered to the Trustee, are then in excess
of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations
or money were deposited or received. This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations
held under this Indenture.


 


SECTION
8.03. Legal Defeasance of Securities of any Series. Unless this Section 8.03 is otherwise specified to be inapplicable
to Securities of any series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding
Securities of any such series on the 91st day after the date of the deposit referred to in subparagraph (a) hereof, and the provisions
of this Indenture, as it relates to such outstanding Securities of such series, shall no longer be in effect (and the Trustee,
at the expense of the Company, shall, upon the request of the Company, execute proper instruments acknowledging the same), except
as to:


 


(i)the
rights of Holders of Securities of such series to receive, from the trust funds described in subparagraph (d) hereof, (x) payment
of the principal of an each installment of principal of or interest on the outstanding Securities of such series on the stated
maturity of such principal of or interest and (y) the benefit of any mandatory sinking fund payments applicable to the Securities
of such series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities
of such series;


 


(ii)the
Company’s obligations with respect to such Securities of such series under Sections 2.03, 2.06 and 2.07;
and


 


(iii)the
rights, powers, trust and immunities of the Trustee hereunder and the duties of the Trustee under Section 8.02 and the
duty of the Trustee to authenticate Securities of such series issued on registration of transfer of exchange;


 


provided
that, the following conditions shall have been satisfied:


 


(a)the
Company shall have deposited or caused to be deposited irrevocably with the Trustee as trust funds in trust for the purpose of
making the following payments, specifically pledged as Security for and dedicated solely to the benefit of the Holders of such
Securities, cash in U.S. Dollars and/or U.S. Government Obligations which through the payment of interest and principal in respect
thereof, in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed
on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion
of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the
Trustee, to pay and discharge each installment of principal (including mandatory sinking fund or analogous payments) of and interest,
if any, on all the Securities of such series on the dates such installments of interest or principal are due;


 


(b)such
deposit will not result in a breach or violation of, or constitute a default under, this Indenture;


 


(c)no
Default or Event of Default with respect to the Securities of such series shall have occurred on the date of such deposit and
91 days shall have passed after the deposit has been made, and, during such 91 day period, no Default specified in Section 6.0l(iv)
or (v) with respect to the Company occurs which is continuing at the end of such period;


 


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


 






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(e)the
Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company
with the intent of preferring the Holders of the Securities of such series over any other creditors of the Company or with the
intent of defeating, hindering, delaying or defrauding any other creditors of the Company;


 


(f)such
deposit shall not result in the trust arising from such deposit constituting an investment company (as defined in the Investment
Company Act of 1940, as amended), or such trust shall be qualified under such Act or exempt from regulation thereunder; and


 


(g)the
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent relating to the defeasance contemplated by this Section have been complied with.


 


SECTION
8.04. Covenant Defeasance. Unless this Section 8.04 is otherwise inapplicable to Securities of any series, on
and after the 91st day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with
any term, provision or condition set forth under Sections 4.03, 4.04 and 4.05 as well as any additional covenants
contained in a supplemental indenture hereto for a particular series of Securities or a Board Resolution or an Officers’
Certificate delivered pursuant to Section 2.01 (and the failure to comply with any such provisions shall not constitute
a Default or Event of Default under Section 6.01) and the occurrence of any event described in clause (e) of Section
6.01 shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such series, provided
that the following conditions shall have been satisfied:


 


(a)With
reference to this Section 8.04, the Company has deposited or caused to be irrevocably deposited (except as provided in
Section 8.03) with the Trustee as trust funds in trust, specifically pledged as Security for, and dedicated solely to,
the benefit of the Holders of such Securities, cash in U.S. Dollars and/or U.S. Government Obligations which through the payment
of interest and principal in respect thereof, in accordance with their terms, will provide (and without reinvestment and assuming
no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount
in cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a
written certification thereof delivered to the Trustee, to pay principal and interest, if any, on and any mandatory sinking fund
in respect of the Securities of such series on the dates such installments of interest or principal are due;


 


(b)Such
deposit will not result in a breach or violation of, or constitute a default under, this Indenture;


 


(c)No
Default or Event of Default with respect to the Securities of such series shall have occurred on the date of such deposit and
91 days shall have passed after the deposit has been made, and, during such 91 day period, no Default specified in Section 6.01(iv)
or (v) with respect to the Company occurs which is continuing at the end of such period;


 


(d)The
Company shall have delivered to the Trustee an Opinion of Counsel confirming that Holders of the Securities of such series will
not recognize income, gain or loss for federal income tax purposes as a result of such deposit and defeasance and will be subject
to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such deposit
and defeasance had not Occurred;


 


(e)The
Company shall have delivered to the Trustee an Officers’ Certificate stating the deposit was not made by the Company with
the intent of preferring the Holders of the Securities of such series over any other creditors of the Company or with the intent
of defeating, hindering, delaying or defrauding any other creditors of the Company; and


 


(f)The
Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the defeasance contemplated by this Section have been complied with.


 


SECTION
8.05. Repayment to Company. The Trustee and the Paying Agent shall pay to the Company upon request any money held by
them for the payment of principal or interest that remains unclaimed for two years after the date upon which such payment shall
have become due. After payment to the Company, Holders entitled to the money must look to the Company for payment as general creditors
unless an applicable abandoned property law designates another Person.


 






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ARTICLE
IX



AMENDMENTS, SUPPLEMENTS AND WAIVERS


 


SECTION
9.01. Without Consent of Holders. The Company and the Trustee may amend this Indenture or the Securities without the
consent of any Holder: (i) to cure any ambiguity, defect or inconsistency or make any change required to qualify the indenture
under the TIA, provided that such change does not adversely affect the rights hereunder of any Holder in any material respect;
(ii) to comply with Section 5.01; (iii) to provide for uncertificated Securities in addition to certificated Securities;
(iv) to make any change that does not adversely affect in any material respect the rights hereunder of any Holder; (v) to add
to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities, provided,
however, that any such addition, change or elimination (A) shall neither (i) apply to any Security of any series created
prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights
of the holder of any such Security with respect to such provision or (B) shall become effective only when there is no outstanding
Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provisions;
or (vi) to establish additional series of Securities as permitted by Section 2.01.


 


SECTION
9.02. With Consent of Holders. The Company and the Trustee as to any series of Securities may amend this Indenture
or the Securities of that series or waive compliance in any particular instance with any provision of this Indenture or the Securities
of that series, in each case with the written consent of the Holders of at least a majority in principal amount of the then outstanding
Securities of that series.


 


Without
the consent of each Holder affected, an amendment or waiver under this Section may not: (i) reduce the principal amount of Securities,
whose Holders must consent to an amendment or waiver; (ii) reduce the rate of or change the time for payment of interest on any
Security; (iii) change the date on which any Security may be subject to redemption or repurchase, or reduce the redemption or
repurchase price therefor; (iv) make any Security payable in currency other than that stated in the Security; or (v) make any
change in Section 6.04, 6.07 or this sentence.


 


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


 


An
amendment or waiver under this Section which waives, 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.


 


The
Company will mail supplemental indentures to Holders upon request. Any failure of the Company to mail such notice, or any defect
therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver.


 


SECTION
9.03. Compliance with Trust Indenture Act. Every amendment to this Indenture or the Securities shall be set forth in
a supplemental indenture that complies with the TIA as then in effect.


 


SECTION
9.04. Revocation and Effect of Consents. Until an amendment or waiver becomes effective, a consent to it by a Holder
of a Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences
the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security; provided,
however, that unless a record date shall have been established pursuant to Section 2.14, any such Holder or subsequent
Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives written notice of revocation
before the date the amendment or waiver becomes effective. An amendment or waiver becomes effective on receipt by the Trustee
of consents from the Holders of the requisite percentage principal amount of the outstanding Securities of any series, and thereafter
shall bind every Holder of Securities of that series.


 


SECTION
9.05. Notation on or Exchange of Securities. If an amendment or waiver changes the terms of a Security: (a) the Trustee
may require the Holder of the Security to deliver such Security to the Trustee, the Trustee may place an appropriate notation
on the Security about the changed terms and return it to the Holder and the Trustee may place an appropriate notation on any Security
thereafter authenticated; or (b) if the Company or the Trustee so determines, the Company in exchange for the Security shall issue
and the Trustee shall authenticate a new Security that reflects the changed terms.


 






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SECTION
9.06. Trustee to Sign Amendment, etc. The Trustee shall sign any amendment authorized pursuant to this Article IX
if the amendment does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee
may, but need not sign it. In signing or refusing to sign such amendment, the Trustee shall be entitled to receive and shall be
fully protected in relying upon an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that such amendment
is authorized or permitted by this Indenture and that such amendment, supplement or waiver is the legal, valid and binding obligation
of the Company, enforceable against it in accordance with its terms, subject to customary exceptions, and complies with the provisions
hereof (including Section 9.03).


 





ARTICLE
X



MISCELLANEOUS


 


SECTION
10.01. Trust Indenture Act Controls. This Indenture is subject to the provisions of the TIA which are required to be
part of this Indenture, and shall, to the extent applicable, be governed by such provisions.


 


SECTION
10.02. Notices.  Any notice or communication to the Company or the Trustee is duly given if in writing and delivered
in person or mailed by first-class mail to the address set forth below:


 


If
to the Company:


 


	China
    Jo-Jo Drugstores, Inc.  
	1st
    Floor, Yuzheng Plaza, No. 76, 
	Yuhuangshan
    Road, Hangzhou, Zhejiang Province 
	People’s
    Republic of China 310002
	Attn:
        Lei Liu

        (86
        - 571) 82239856



 


with
a copy to:


 


Pryor
Cashman LLP


7
Times Square


New
York, New York 10036


Attention:
Elizabeth F. Chen, Esq.


 


If
to the Trustee:


 


[____________________]


_____________________


_____________________


_____________________


Attention:
____________


 


With
a copy to:


 


_____________________


_____________________


_____________________


Attention:
____________


 


The
Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.


 


Any
notice or communication to a Holder shall be mailed by first-class mail to his address shown on the register kept by the registrar.
Failure to mail a notice or communication to a Holder or any defect in such notice or communication shall not affect its sufficiency
with respect to other Holders.


 






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If
a notice or communication is mailed or sent in the manner provided above within the time prescribed, it is duly given, whether
or not the addressee receives it, except that notice to the Trustee shall only be effective upon receipt thereof by the Trustee.


 


If
the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same time.


 


SECTION
10.03. Communication by Holders with Other Holders.  Holders may communicate pursuant to TIA Section 312(b) with other
Holders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the registrar and anyone
else shall have the protection of TIA Section 312 (c)


 


SECTION
10.04. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to the Trustee
to take any action under this Indenture, the Company shall furnish to the Trustee: (1) an Officers’ Certificate (which shall
include the statements set forth in Section 10.05) stating that, in the opinion of the signers, all conditions precedent and covenants,
if any, provided for in this Indenture relating to the proposed action have been complied with; and (ii) an Opinion of Counsel
(which shall include the statements set forth in Section 10.05) stating that, in the opinion of such counsel, all such conditions
precedent and covenants have been complied with.


 


SECTION
10.05. Statements Required in Certificate or Opinion. Each certificate (other than certificates provided pursuant to
Section 4.04) or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include:
(i) a statement that the person making such certificate or opinion has read such covenant or condition; (ii) 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; (iii) a statement that, in the opinion of such person, he or she 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 (iv) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with;
provided, however, that with respect to matters of fact, an Opinion of Counsel may rely on an Officers’ Certificate
or certificate of public officials.


 


SECTION
10.06. Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or for a meeting of Holders.
The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions.


 


SECTION
10.07. Legal Holidays. A “Legal Holiday” is a Saturday, a Sunday or a day on which banking institutions
in the City of New York are not required or authorized to be open. If a payment date is a Legal Holiday at a place of payment,
payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the
intervening period.


 


SECTION
10.08. Duplicate Originals. The parties may sign any number of copies of this Indenture. One signed copy is enough
to prove this Indenture.


 


SECTION
10.09. Governing Law. The internal laws of the State of New York shall govern this Indenture and the Securities, without
regard to the conflicts of Law rules thereof.


 


SECTION
10.10. No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture,
loan or debt agreement of the Company or any subsidiary. Any such indenture, loan or debt agreement may not be used to interpret
this Indenture.


 


SECTION
10.11. Successors. All agreements of the Company in this Indenture and the Securities shall bind their respective successors.
All agreements of the Trustee in this Indenture shall bind its successor.


 


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


 


SECTION
10.13. Counterpart Originals.  This Indenture may be signed in one or more counterparts. Each signed copy shall be
an original, but all of them together represent the same agreement.


 






    	23



    	 



    

  


	 	China Jo-Jo Drugstores, Inc.  
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Dated:	 
	 	 	 
	 	[ 	]
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Dated:	 







  


 


 


24