EXHIBIT 4.1


 


DARKPULSE, INC.


 


AND


 


_______________________,


 


TRUSTEE


 


 


 


INDENTURE


 


DATED AS OF


 


_______, 2021


 


DEBT SECURITIES


 


 


DARKPULSE, INC.


RECONCILIATION AND TIE BETWEEN TRUST INDENTURE
ACT OF 1939


AND INDENTURE, DATED AS OF _______ ___, 2021


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 






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	Section of Trust Indenture Act of 1939	 	Section(s) of Indenture
	 	 	 
	§ 310(a)(1)	 	609
	(a)(2)	 	609
	(a)(3)	 	Not Applicable
	(a)(4)	 	Not Applicable
	(a)(5)	 	609
	(b)	 	608, 610
	§ 311(a)	 	613
	(b)	 	613
	(c)	 	Not Applicable
	§ 312(a)	 	701, 702 (a)
	(b)	 	702 (b)
	(c)	 	702 (b)
	§ 313(a)	 	703 (a)
	(b)	 	703 (a)
	(c)	 	703 (a)
	(d)	 	703 (b)
	§ 314(a)	 	704, 1005
	(b)	 	Not Applicable
	(c)(1)	 	103
	(c)(2)	 	103
	(c)(3)	 	Not Applicable
	(d)	 	Not Applicable
	(e)	 	103
	§ 315(a)	 	601 (a)
	(b)	 	602
	(c)	 	601 (b)
	(d)	 	601 (c)
	(d)(1)	 	601 (c) (1)
	(d)(2)	 	601 (c) (2)
	(d)(3)	 	601 (c) (3)
	(e)	 	511
	§ 316(a)(1)(A)	 	505
	(a)(1)(B)	 	504
	(a)(2)	 	Not Applicable
	(a)(last sentence)	 	101
	(b)	 	507
	(c)	 	105
	§ 317(a)(1)	 	503
	(a)(2)	 	509
	(b)	 	1003
	§ 318(a)	 	108
	(b)	 	Not Applicable
	(c)	 	108


 


Note: This reconciliation and tie shall not, for
any purpose, be deemed to be a part of the Indenture.


        


 


 



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TABLE OF CONTENTS


 


	 	 	Page	 
	 	 	 	 	 
	ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	 	5	 
	 	 	 	 	 
	SECTION 101.	DEFINITIONS.	 	5	 
	SECTION 102.	INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT.	 	11	 
	SECTION 103.	COMPLIANCE CERTIFICATES AND OPINIONS.	 	12	 
	SECTION 104.	FORM OF DOCUMENTS DELIVERED TO TRUSTEE.	 	12	 
	SECTION 105.	ACTS OF HOLDERS; RECORD DATES.	 	13	 
	SECTION 106.	NOTICES, ETC., TO TRUSTEE AND COMPANY.	 	13	 
	SECTION 107.	NOTICE TO HOLDERS; WAIVER.	 	14	 
	SECTION 108.	CONFLICT WITH TRUST INDENTURE ACT.	 	14	 
	SECTION 109.	EFFECT OF HEADINGS AND TABLE OF CONTENTS.	 	14	 
	SECTION 110.	SUCCESSORS AND ASSIGNS.	 	15	 
	SECTION 111.	SEPARABILITY CLAUSE.	 	15	 
	SECTION 112.	BENEFITS OF INDENTURE.	 	15	 
	SECTION 113.	GOVERNING LAW.	 	15	 
	SECTION 114.	LEGAL HOLIDAYS.	 	15	 
	SECTION 115.	CORPORATE OBLIGATION.	 	15	 
	SECTION 116.	WAIVER OF TRIAL JURY.	 	15	 
	SECTION 117.	FORCE MAJEURE.	 	15	 
	 	 	 	 	 
	ARTICLE II SECURITY FORMS	 	16	 
	 	 	 	 	 
	SECTION 201.	FORMS GENERALLY.	 	16	 
	SECTION 202.	FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION.	 	16	 
	SECTION 203.	SECURITIES IN GLOBAL FORM.	 	16	 
	SECTION 204.	BOOK-ENTRY SECURITIES.	 	17	 
	 	 	 	 	 
	ARTICLE III THE SECURITIES  	 	19	 
	 	 	 	 	 
	SECTION 301.	AMOUNT UNLIMITED; ISSUABLE IN SERIES.	 	19	 
	SECTION 302.	DENOMINATIONS.	 	21	 
	SECTION 303.	EXECUTION, AUTHENTICATION, DELIVERY AND DATING.	 	21	 
	SECTION 304.	TEMPORARY SECURITIES.	 	22	 
	SECTION 305.	REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE.	 	22	 
	SECTION 306.	MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES.	 	23	 
	SECTION 307.	PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED.	 	24	 
	SECTION 308.	PERSONS DEEMED OWNERS.	 	25	 
	SECTION 309.	CANCELLATION.	 	25	 
	SECTION 310.	COMPUTATION OF INTEREST.	 	25	 
	SECTION 311.	CUSIP NUMBERS.	 	25	 



 


 


 


 






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	ARTICLE IV SATISFACTION AND DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE  	 	26	 
	 	 	 	 	 
	SECTION 401.	SATISFACTION AND DISCHARGE OF INDENTURE.	 	26	 
	SECTION 402.	OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE.	 	26	 
	SECTION 403.	LEGAL DEFEASANCE AND DISCHARGE.	 	27	 
	SECTION 404.	COVENANT DEFEASANCE.	 	27	 
	SECTION 405.	CONDITIONS TO LEGAL OR COVENANT DEFEASANCE.	 	27	 
	SECTION 406.	DEPOSITED MONEY AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS.	 	28	 
	SECTION 407.	REPAYMENT TO COMPANY.	 	29	 
	SECTION 408.	REINSTATEMENT.	 	29	 
	 	 	 	 	 
	ARTICLE V REMEDIES	 	29	 
	 	 	 	 	 
	SECTION 501.	EVENTS OF DEFAULT.	 	29	 
	SECTION 502.	ACCELERATION.	 	30	 
	SECTION 503.	OTHER REMEDIES.	 	31	 
	SECTION 504.	WAIVER OF PAST DEFAULTS.	 	31	 
	SECTION 505.	CONTROL BY MAJORITY.	 	31	 
	SECTION 506.	LIMITATION ON SUITS.	 	31	 
	SECTION 507.	RIGHTS OF HOLDERS OF SECURITIES TO RECEIVE PAYMENT.	 	32	 
	SECTION 508.	COLLECTION SUIT BY TRUSTEE.	 	32	 
	SECTION 509.	TRUSTEE MAY FILE PROOFS OF CLAIM.	 	32	 
	SECTION 510.	PRIORITIES.	 	32	 
	SECTION 511.	UNDERTAKING FOR COSTS.	 	33	 
	 	 	 	 	 
	ARTICLE VI THE TRUSTEE	 	33	 
	 	 	 	 	 
	SECTION 601.	CERTAIN DUTIES AND RESPONSIBILITIES.	 	33	 
	SECTION 602.	NOTICE OF DEFAULTS.	 	34	 
	SECTION 603.	CERTAIN RIGHTS OF TRUSTEE.	 	34	 
	SECTION 604.	NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OF SECURITIES.	 	35	 
	SECTION 605.	MAY HOLD SECURITIES.	 	35	 
	SECTION 606.	MONEY HELD IN TRUST.	 	35	 
	SECTION 607.	COMPENSATION AND REIMBURSEMENT.	 	35	 
	SECTION 608.	DISQUALIFICATION; CONFLICTING INTERESTS.	 	36	 
	SECTION 609.	CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.	 	36	 
	SECTION 610.	RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.	 	37	 
	SECTION 611.	ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.	 	38	 
	SECTION 612.	MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS.	 	38	 
	SECTION 613.	PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY.	 	39	 
	SECTION 614.	APPOINTMENT OF AUTHENTICATING AGENT.	 	39	 


     


 


 






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	ARTICLE VII HOLDER’S LISTS AND REPORTS BY TRUSTEE AND COMPANY  	 	40	 
	 	 	 	 	 
	SECTION 701.	COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF HOLDERS.	 	40	 
	SECTION 702.	PRESERVATION OF INFORMATION; COMMUNICATIONS TO HOLDERS.	 	40	 
	SECTION 703.	REPORTS BY TRUSTEE.	 	40	 
	SECTION 704.	REPORTS BY COMPANY.	 	41	 
	 	 	 	 	 
	ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE  	 	41	 
	 	 	 	 	 
	SECTION 801.	COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS.	 	41	 
	SECTION 802.	SUCCESSOR PERSON SUBSTITUTED.	 	42	 
	 	 	 	 	 
	ARTICLE IX SUPPLEMENTAL INDENTURES  	 	42	 
	 	 	 	 	 
	SECTION 901.	WITHOUT CONSENT OF HOLDERS.	 	42	 
	SECTION 902.	WITH CONSENT OF HOLDERS.	 	42	 
	SECTION 903.	COMPLIANCE WITH TRUST INDENTURE ACT.	 	44	 
	SECTION 904.	REVOCATION AND EFFECT OF CONSENTS.	 	44	 
	SECTION 905.	NOTATION ON OR EXCHANGE OF SECURITIES.	 	44	 
	SECTION 906.	TRUSTEE TO SIGN AMENDMENTS, ETC.	 	44	 
	 	 	 	 	 
	ARTICLE X COVENANTS	 	44	 
	 	 	 	 	 
	SECTION 1001.	PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST.	 	44	 
	SECTION 1002.	MAINTENANCE OF OFFICE OR AGENCY.	 	44	 
	SECTION 1003.	MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST.	 	45	 
	SECTION 1004.	EXISTENCE.	 	46	 
	SECTION 1005.	STATEMENT BY OFFICERS AS TO DEFAULT.	 	46	 
	SECTION 1006.	WAIVER OF CERTAIN COVENANTS.	 	46	 
	SECTION 1007.	ADDITIONAL AMOUNTS.	 	46	 
	 	 	 	 	 
	ARTICLE XI REDEMPTION OF SECURITIES  	 	47	 
	 	 	 	 	 
	SECTION 1101.	APPLICABILITY OF ARTICLE.	 	47	 
	SECTION 1102.	ELECTION TO REDEEM; NOTICE TO TRUSTEE.	 	47	 
	SECTION 1103.	SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED.	 	47	 
	SECTION 1104.	NOTICE OF REDEMPTION.	 	48	 
	SECTION 1105.	DEPOSIT OF REDEMPTION PRICE.	 	48	 
	SECTION 1106.	SECURITIES PAYABLE ON REDEMPTION DATE.	 	48	 
	SECTION 1107.	SECURITIES REDEEMED IN PART.	 	48	 
	SECTION 1108.	PURCHASE OF SECURITIES.	 	49	 
	 	 	 	 	 



 


 


 






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	ARTICLE XII SINKING FUNDS  	 	49	 
	 	 	 	 	 
	SECTION 1201.	APPLICABILITY OF ARTICLE.	 	49	 
	SECTION 1202.	SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES.	 	49	 
	SECTION 1203.	REDEMPTION OF SECURITIES FOR SINKING FUND.	 	49	 
	 	 	 	 	 
	ARTICLE XIII MEETINGS OF HOLDERS OF SECURITIES  	 	50	 
	 	 	 	 	 
	SECTION 1301.	PURPOSES FOR WHICH MEETINGS MAY BE CALLED.	 	50	 
	SECTION 1302.	CALL, NOTICE AND PLACE OF MEETINGS.	 	50	 
	SECTION 1303.	PERSONS ENTITLED TO VOTE AT MEETINGS.	 	50	 
	SECTION 1304.	QUORUM; ACTION.	 	50	 
	SECTION 1305.	DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS.	 	51	 
	SECTION 1306.	COUNTING VOTES AND RECORDING ACTION OF MEETINGS.	 	51	 


 


     


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 






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INDENTURE


 


THIS Indenture, dated as of
________ ___, 2021, between DarkPulse, Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein
called the “Company”), having its principal office at 1345 Avenue of the Americas, 2nd Floor, New York, NY 10105,
and ________________, a ________ banking corporation, as Trustee (herein called the “Trustee”) the office of the Trustee at
which at the date hereof its corporate trust business is principally administered being ______________________.


 


RECITALS OF THE COMPANY


 


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


 


The Securities of each series
will be in such form as may be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each
case with such appropriate insertions, omissions, substitutions, and other variations as are required or permitted by this Indenture,
and may have such letters, numbers, or other marks of identification and such legends or endorsements placed thereon as may be required
to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers executing such Securities,
as evidenced by their execution of the Securities.


 


This Indenture is subject
to the provisions of the Trust Indenture Act and the rules and regulations of the SEC promulgated thereunder that are required to be part
of this Indenture and, to the extent applicable, shall be governed by such provisions.


 


All things necessary to make
this Indenture a valid agreement of the Company, in accordance with its terms, have been done.


 


NOW, THEREFORE, THIS INDENTURE WITNESSETH:


 


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


 


ARTICLE I


 


DEFINITIONS AND OTHER PROVISIONS


OF GENERAL APPLICATION


 


SECTION 101. DEFINITIONS.


 


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


 


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


 


(2) all accounting terms not
otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in the United
States, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect
to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United States
at the date of such computation; and


 


 


 


 






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


     


Certain terms, used principally
in Article V, are defined in Section 102.


 


“Act” when used
with respect to any Holder, has the meaning specified in Section 105.


 


“Additional Amounts”
means any additional amounts that are required by the express terms of a Security or by or pursuant to a Board Resolution, under circumstances
specified therein or pursuant thereto, to be paid by the Company with respect to certain taxes, assessments or other governmental charges
imposed on certain Holders and that are owing to such Holders.


 


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


 


“Authenticating Agent”
means any Person authorized by the Trustee to act on behalf of the Trustee pursuant to Section 614 to authenticate Securities of one or
more series.


 


“Authorized Newspaper”
means a newspaper, in the English language or in an official language of the country of publication, customarily published on each Business
Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the place in connection with which the
term is used or in the financial community of such place. Where successive publications are required to be made in Authorized Newspapers,
the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and
in each case on any Business Day.


 


“Board of Directors”
means


 


(1) with respect to a corporation,
the board of directors of the corporation;


 


(2) with respect to a partnership,
the board of directors of the general partner of the partnership; and


 


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


 


“Board Resolution”
means, with respect to any Person, a resolution of such Person duly adopted by the Board of Directors of such Person and in full force
and effect.


 


“Book-Entry Security”
has the meaning specified in Section 204.


 


“Business Day,”
when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which
banking institutions in that Place of Payment or the city in which the Corporate Trust Office is located are authorized or obligated by
law or executive order to close.


 


“Capital Lease Obligation”
means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at that
time be required to be capitalized on a balance sheet in accordance with GAAP.


 


 


 


 






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“Capital Stock”
means:


 


(i) in the case of a corporation,
corporate stock;


 


(ii) in the case of an association
or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock;


 


(iii) in the case of a partnership
or limited liability company, partnership or membership interests (whether general or limited); and


 


(iv) any other interest or
participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing
Person.


      


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


 


“Company Request”
and “Company Order” mean, respectively, a written request or order signed in the name of the Company by its Chairman of the
Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Controller, an Assistant Controller, its Secretary
or an Assistant Secretary, and delivered to the Trustee.


 


“Corporate Trust Office”
means the office of the Trustee at which at any particular time its corporate trust business shall be principally administered, which
office at the date hereof is that indicated in the introductory paragraph of this Indenture or such other address as the Trustee may designate
from time to time by notice to the Holders and the Company.


 


“Currency Agreement”
means, with respect to any specified Person, any foreign exchange contract, currency swap agreement or other similar agreement or arrangement
designed to protect such specified Person against fluctuations in currency values.


 


“Default” means
an event or condition the occurrence of which is, or with the lapse of time or the giving of notice or both would be, an Event of Default.


 


“Defaulted Interest”
has the meaning specified in Section 307.


 


“Depositary” means,
with respect to the Securities of any series issuable or issued in the form of a global Security, the Person designated as Depositary
by the Company pursuant to Section 301 until a successor Depositary shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any
time there is more than one such person, “Depositary” as used with respect to the Securities of any series shall mean the
Depositary with respect to the Securities of that series.


 


“Dollar” or “$”
means a dollar or other equivalent unit in such coin or currency of the United States as at the time shall be legal tender for the payment
of public and private debts.


 


“Event of Default”
has the meaning specified in Section 501.


 


“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 may be approved by a significant segment of the accounting profession of the United States of America, as in effect
as of the date of issuance of Securities.


 


 


 


 






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“Guarantee” means
a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect,
in any manner (including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements),
of all or any part of Indebtedness.


 


“Guarantor” means
any Subsidiary that incurs a Guarantee.


 


“Hedging Agreement”
means, with respect to any Person, any agreement with respect to the hedging of price risk associated with the purchase of commodities
used in the business of such Person, so long as any such agreement has been entered into in the ordinary course of business and not for
purposes of speculation.


       


“Holder” when
used with respect to any Security, means the Person in whose name the Security is registered in the Security Register.


 


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


 


(1) borrowed money;


 


(2) evidenced by bonds, notes,
debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof) (other than obligations with respect
to letters of credit securing obligations (other than obligations described in clause (1), (2) and (4) of this definition) entered into
in the ordinary course of business of such Person to the extent that such letters of credit are not drawn upon);


 


(3) banker’s acceptances;


 


(4) any Capital Lease Obligations;


 


(5) the balance deferred and
unpaid of the purchase price of any property, except any such balance that constitutes an accrued expense or trade payable incurred in
the ordinary course of business; or


 


(6) any Hedging Agreements,


 


if and to the extent any of
the preceding items (other than letters of credit and Hedging Agreements) would appear as a liability upon a balance sheet of the specified
Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured
by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the specified Person) and, to the extent
not otherwise included, the guarantee by the specified Person of any indebtedness of any other Person.


 


The amount of any Indebtedness
outstanding as of any date shall be:


 


(1) the accreted value thereof,
in the case of any Indebtedness issued with original issue discount; and


 


(2) the principal amount thereof,
together with any interest thereon that is more than 30 days past due, in the case of any other Indebtedness.


 


“Indenture” means
this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities established
as contemplated by Section 301 and the provisions of the Trust Indenture Act that are deemed to be a part of and govern this instrument.


 


“Interest Payment Date,”
means the Stated Maturity of an installment of interest on such Security.



 


 


 


 






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“Interest Swap Obligations,”
means the obligations of any Person pursuant to any arrangement with any other Person, whereby directly or indirectly, such Person is
entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated
notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest
on the same notional amount and shall include, without limitation, interest rate swaps, options, caps, floors, collars and similar agreements.


 


“Lien” means any
lien, mortgage, deed of trust, pledge, security interest, charge or encumbrance of any kind (including any conditional sale or other title
retention agreement, any lease in the nature thereof and any agreement to give any security interest).


 


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


   


“Officers’ Certificate”
means a certificate signed by the Chairman of the Board, the President or a Vice President, and by the Treasurer, the Controller, the
Secretary or an Assistant Treasurer, Assistant Controller or Assistant Secretary, of the Company, and delivered to the Trustee, which
certificate shall be in compliance with Section 103 hereof.


 


“Opinion of Counsel”
means a written opinion of counsel, who may be counsel for or an employee of the Company, rendered, if applicable, in accordance with
Section 314(c) of the Trust Indenture Act, which opinion shall be in compliance with Section 103 hereof.


 


“Original Issue Discount
Security” means any Security that provides for an amount less than the principal amount thereof to be due and payable upon a declaration
of acceleration of the Maturity thereof pursuant to Section 502.


 


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


 


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


 


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


 


(iii) Securities
that have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been authenticated and delivered
pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory
to it that such Securities are held by a bona fide purchaser in whose hands such Securities are valid obligations of the Company;


 


provided, however, that in determining
whether the Holders of the requisite principal amount of the Outstanding Securities have given any request, demand, authorization, direction,
notice, consent or waiver hereunder, or whether a quorum is present at a meeting of Holders of Securities, (a) the principal amount of
an Original Issue Discount Security that shall be deemed to be Outstanding for such purposes shall be the principal amount thereof that
would be due and payable as of the date of such determination upon acceleration of the Maturity thereof pursuant to Section 502, (b) the
principal amount of a Security denominated in a foreign currency shall be the U.S. Dollar equivalent, determined by the Company on the
date of original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount Security, the U.S.
Dollar equivalent, determined on the date of original issuance of such Security, of the amount determined as provided in (a) above), of
such Security and (c) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such
other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected
in relying upon any such request, demand, authorization, direction, notice, consent or waiver or upon any such determination as to the
presence of a quorum, only Securities which the Trustee knows to be so owned shall be so disregarded. Securities so owned which have been
pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any
Affiliate of the Company or of such other obligor.


 


 


 


 






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“Paying Agent”
means any Person, which may include the Company, authorized by the Company to pay the principal of (and premium, if any) or interest on
any one or more series of Securities on behalf of the Company.


 


“Person” means
an individual, partnership, corporation, limited liability company, unincorporated organization, trust or joint venture, or a governmental
agency or political subdivision thereof.


 


“Place of Payment”
when used with respect to the Securities of any series, means the place or places where the principal of (and premium, if any) and interest
on the Securities of that series are payable as specified in accordance with Section 301 subject to the provisions of Section 1002.


 


“Post-Petition Interest”
means any interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency
or reorganization of the Company (or would accrue but for the operation of applicable bankruptcy or insolvency laws), whether or not such
interest is allowed or allowable as a claim in any such proceeding.


 


“Predecessor Security”
of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular
Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu
of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen
Security.


 


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


 


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


 


“Registered Security”
means any Security in the form established pursuant to Section 201 which is registered in the Security Register.


 


“Regular Record Date”
for the interest payable on any Interest Payment Date on the Registered Securities of any series means the date specified for that purpose
as contemplated by Section 301, or, if not so specified, the last day of the calendar month preceding such Interest Payment Date if such
Interest Payment Date is the fifteenth day of the calendar month or the fifteenth day of the calendar month preceding such Interest Payment
Date if such Interest Payment Date is the first day of a calendar month, whether or not such day shall be a Business Day.


 


“Responsible Officer”
when used with respect to the Trustee, means any officer within the corporate trust department of the Trustee including any vice-president,
assistant vice-president, assistant treasurer, trust officer or any other officer who customarily performs functions similar to those
performed by the Persons who at the time shall be such officers who have direct responsibility for the administration of the Indenture
and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his
knowledge of and familiarity with the particular subject.


 


“Securities” has
the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under
this Indenture.


 


“Security Register”
and “Security Registrar” have the respective meanings specified in Section 305.


 


“Special Record Date”
for the payment of any Defaulted Interest on the Registered Securities of any series means a date fixed by the Trustee pursuant to Section
307.


 


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


     


 


 


 






    	 	12	 



     


    

 


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


 


(i) any corporation
of which the outstanding Capital Stock having at least a majority of the votes entitled to be cast in the election of directors under
ordinary circumstances shall at the time be owned, directly or indirectly by such Person; or


 


(ii) any other Person
of which at least a majority of the voting interest under ordinary circumstances is at the time, directly or indirectly, owned by such
Person.


 


“Trustee” means
the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such
pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is
then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities
of any series shall mean the Trustee with respect to Securities of that series.


 


“Trust Indenture Act”
means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed, except as provided in Section
903.


 


“United States”
means the United States of America (including the States and the District of Columbia) and its “possessions,” which include
Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands.


 


“United States Alien”
means any Person who, for United States federal income tax purposes, is a foreign corporation, a nonresident alien individual, a nonresident
alien or foreign fiduciary of an estate or trust, or a foreign partnership.


 


“U.S. Government Obligations”
means direct noncallable obligations of, or noncallable obligations the payment of principal of and interest on which is guaranteed by,
the United States of America, or to the payment of which obligations or guarantees the full faith and credit of the United States of America
is pledged, or beneficial interests in a trust the corpus of which consists exclusively of money or such obligations or a combination
thereof.


 


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


 


“Wholly Owned Subsidiary”
of any Person means any Subsidiary of such Person of which all the outstanding voting securities (other than in the case of a Restricted
Subsidiary that is incorporated in a jurisdiction other than a State in the United States of America or the District of Columbia, directors’
qualifying shares or an immaterial amount of shares required to be owned by other Persons pursuant to applicable law) are owned by such
Person or any Wholly Owned Subsidiary of such Person.


 


“Yield to Maturity”
when used with respect to any Original Issue Discount Security, means the yield to maturity, if any, set forth on the face thereof.


 


SECTION 102. INCORPORATION BY REFERENCE OF
TRUST INDENTURE ACT.


 


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


 


“Bankruptcy Act”
means the Bankruptcy Act or Title 11 of the United States Code, as amended.


 


“indenture securities”
means the Securities.


 


 


 


 






    	 	13	 



     


    

 


“indenture securityholder”
means a Holder.


 


“indenture to be qualified”
means this Indenture.


 


“indenture trustee”
or “institutional trustee” means the Trustee.


 


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


       


All terms used in this Indenture
that are defined by the Trust Indenture Act, defined by Trust Indenture Act reference to another statute or defined by SEC rule under
the Trust Indenture Act and not otherwise defined herein have the meanings assigned to them therein.


 


SECTION 103. COMPLIANCE CERTIFICATES AND OPINIONS.


 


Except as otherwise expressly
provided by this Indenture, upon any application or request by the Company to the Trustee to take any action under any provision of this
Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any (including
any covenants the compliance with which constitutes a condition precedent), provided for in this Indenture relating to the proposed action
have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any (including
any covenants the compliance with which constitutes a condition precedent), have been complied with, except that in the case of any such
application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating
to such particular application or request, no additional certificate or opinion need be furnished.


 


Every certificate or opinion
with respect to compliance with a condition or covenant provided for in this Indenture shall include


 


(1) a statement
that each Person signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto;


 


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


 


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


 


(4) a statement
as to whether or not, in the opinion of each such Person, such condition or covenant has been complied with.


 


SECTION 104. FORM OF DOCUMENTS DELIVERED TO
TRUSTEE.


 


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


 


 


 


 






    	 	14	 



     


    

 


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


 


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


     


SECTION 105. ACTS OF HOLDERS; RECORD DATES.


 


(1) Any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced
by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. Except
as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered
to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the
action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument
or instruments and so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent,
or the holding of any Person of a Security, shall be sufficient for any purpose of this Indenture and (subject to Section 601) conclusive
in favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of Holders of Securities
shall be proved in the manner provided in Section 1306.


 


The Company may set in advance
a record date for purposes of determining the identity of Holders of Registered Securities entitled to vote or consent to any action by
vote or consent authorized or permitted under this Indenture. If not set by the Company prior to the first solicitation of a Holder of
Registered Securities of such series made by any Person in respect of any such action, or in the case of any such vote, prior to such
vote, the record date for any such action or vote shall be the later of 30 days prior to such first solicitation of such consent or the
date of the most recent list of Holders furnished to the Trustee prior to such solicitation. If a record date is fixed, those Persons
who were Holders of Outstanding Registered Securities at such record date (or their duly designated proxies), and only those Persons,
shall be entitled with respect to such Securities to take such action by vote or consent or to revoke any vote or consent previously given,
whether or not such Persons continue to be Holders after such record date. Promptly after any record date is set pursuant to this paragraph,
the Company, at its own expense, shall cause notice thereof to be given to the Trustee in writing in the manner provided in Section 106
and to the relevant Holders as set forth in Section 107.


 


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


 


(3) The principal amount and
serial numbers of Registered Securities held by any Person, and the date of holding the same, shall be proved by the Security Register.


 


 


 


 






    	 	15	 



     


    

 


(4) Any request, demand, authorization,
direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and
the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of
anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action
is made upon such Security. Any Holder or subsequent Holder may revoke the request, demand, authorization, direction, notice, consent
or other Act as to his Security or portion of his Security; provided, however, that such revocation shall be effective only
if the Trustee receives the notice of revocation before the date the Act becomes effective.


 


SECTION 106. NOTICES, ETC., TO TRUSTEE AND
COMPANY.


 


Any request, demand, authorization,
direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given
or furnished to, or filed with,


 


(1) the Trustee
by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with
the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, or


 


(2) the Company
by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing
and mailed, first-class postage prepaid, to the Company addressed to it at the address of its principal office specified in the first
paragraph of this Indenture or at any other address previously furnished in writing to the Trustee by the Company, Attention: Corporate
Secretary.


 


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


 


All notices and communications
(other than those sent to the Trustee) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered;
five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next
Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next-day delivery. All notices and communications
to the Trustee shall be deemed duly given and effective only upon receipt.


 


Any notice or communication
to a Holder shall be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing
next-day delivery to its address shown on the Security Register. Any notice or communication shall also be so mailed to any Person described
in TIA Section 313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it shall
not affect its sufficiency with respect to other Holders.


 


If a notice or communication
is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it.


 


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


 


SECTION 107. NOTICE TO HOLDERS; WAIVER.


 


Where this Indenture provides
for notice to Holders of Securities of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided)
if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at the address of such Holder as it appears
in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice.


 


In case by reason of the suspension
of regular mail service, or by reason of any other cause it shall be impracticable to give such notice to Holders of Registered Securities
by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every
purpose hereunder. In any case in which notice to Holders of Registered Securities is given by mail, neither the failure to mail such
notice, nor any defect in any notice so mailed, to any particular Holder of a Registered Security, shall affect the sufficiency of such
notice with respect to other Holders of Registered Securities.


 


 


 


 






    	 	16	 



     


    

 


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


 


SECTION 108. CONFLICT WITH TRUST INDENTURE
ACT.


 


If any provision hereof limits,
qualifies or conflicts with any provision of the Trust Indenture Act or another provision hereof required to be included in this Indenture
by any of the provisions of the Trust Indenture Act, such provision of the Trust Indenture Act shall control. If any provision of this
Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the former provision shall
be deemed to apply to this Indenture as so modified or to be excluded.


 


SECTION 109. EFFECT OF HEADINGS AND TABLE OF
CONTENTS.


 


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


     


SECTION 110. SUCCESSORS AND ASSIGNS.


 


All covenants and agreements
in this Indenture by the Company shall bind its successors and assigns, whether or not so expressed.


 


SECTION 111. SEPARABILITY CLAUSE.


 


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 112. BENEFITS OF INDENTURE.


 


Nothing in this Indenture
or in the Securities, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, any
Authenticating Agent, Paying Agent and Security Registrar, and the Holders, any benefit or any legal or equitable right, remedy or claim
under this Indenture.


 


SECTION 113. GOVERNING LAW.


 


This Indenture and the Securities
shall be governed by and construed in accordance with the laws of the State of New York, but without giving effect to applicable principles
of conflicts of law to the extent the application of the laws of another jurisdiction would be required thereby.


 


SECTION 114. LEGAL HOLIDAYS.


 


In any case where any Interest
Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding
any other provision of this Indenture or of the Securities) payment of principal and interest (and premium and Additional Amounts, if
any) need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment
with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, provided
that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case
may be.


 


 


 


 






    	 	17	 



     


    

 


SECTION 115. CORPORATE OBLIGATION.


 


No recourse may be taken,
directly or indirectly, against any incorporator, subscriber to the capital stock, stockholder, officer, director or employee of the Company
or the Trustee or of any predecessor or successor of the Company or the Trustee with respect to the Company’s obligations on the
Securities or the obligations of the Company or the Trustee under this Indenture or any certificate or other writing delivered in connection
herewith.


 


SECTION 116. WAIVER OF TRIAL JURY.


 


EACH OF THE COMPANY AND THE
TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.


 


SECTION 117. FORCE MAJEURE.


 


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


   


ARTICLE II


 


SECURITY FORMS


 


SECTION 201. FORMS GENERALLY.


 


The Securities of each series
shall be Registered Securities and shall be in substantially such form or forms (including temporary or permanent global form) as shall
be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate
insertions, omissions, substitutions and other variations as are required or permitted by this Indenture and may have such letters, numbers
or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities
exchange or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of
the Securities. If temporary Securities of any series are issued in global form as permitted by Section 304, the form thereof shall be
established as provided in the preceding sentence. A copy of the Board Resolution establishing the form or forms of Securities of any
series (or any such temporary global Security) shall be delivered to the Trustee at or prior to the delivery of the Company Order contemplated
by Section 303 for the authentication and delivery of such Securities (or any such temporary global Security).


 


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


 


SECTION 202. FORM OF TRUSTEE’S CERTIFICATE
OF AUTHENTICATION.


 


The Trustee’s certificate
of authentication shall be in substantially the following form:


 


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


 


	 	By	 	 
	 	 	AUTHORIZED OFFICER”	 


 



 


 


 






    	 	18	 



     


    

 


SECTION 203. SECURITIES IN GLOBAL FORM.


 


If Securities of a series
are issuable in global form, as contemplated by Section 301, then, notwithstanding clause (10) of Section 301 and the provisions of Section
302, any such Security shall represent such of the Outstanding Securities of such series as shall be specified therein and may provide
that it shall represent the aggregate amount of Outstanding Securities from time to time endorsed thereon and that the aggregate amount
of Outstanding Securities represented thereby may from time to time be reduced to reflect exchanges. Any endorsement of a Security in
global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made
by the Trustee in such manner and upon instructions given by such Person or Persons as shall be specified in such Security or in a Company
Order to be delivered to the Trustee pursuant to Section 303 or Section 304. Subject to the provisions of Section 303 and, if applicable,
Section 304, the Trustee shall deliver and redeliver any Security in permanent global form in the manner and upon instructions given by
the Person or Persons specified in such Security or in the applicable Company Order. If a Company Order pursuant to Section 303 or 304
has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a
Security in global form shall be in writing but need not comply with Section 103 and need not be accompanied by an Opinion of Counsel.


 


The provisions of the last
sentence of Section 303 shall apply to any Security in global form if such Security was never issued and sold by the Company and the Company
delivers to the Trustee the Security in global form together with written instructions (which need not comply with Section 103 and need
not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together
with the written statement contemplated by the last sentence of Section 303.


   


Notwithstanding the provisions
of Sections 201 and 307, unless otherwise specified as contemplated by Section 301, payment of principal of (and premium, if any) and
interest on any Security in permanent global form shall be made to the Person or Persons specified therein.


 


Notwithstanding the provisions
of Section 308 and except as provided in the preceding paragraph, the Company, the Trustee and any agent of the Company or of the Trustee
shall treat a Person as the Holder of such principal amount of Outstanding Securities represented by a global Security as shall be specified
in a written statement, if any, of the Holder of such global Security, which is produced to the Security Registrar by such Holder.


 


Global Securities may be issued
in either temporary or permanent form. Permanent global Securities will be issued in definitive form.


 


SECTION 204. BOOK-ENTRY SECURITIES.


 


Notwithstanding any provision
of this Indenture to the contrary:


 


(a) At the discretion
of the Company, any Registered Security may be issued from time to time, in whole or in part, in permanent global form registered in the
name of a Depositary, or its nominee. Each such Registered Security in permanent global form is hereafter referred to as a “Book-Entry
Security.” Subject to Section 303, upon such election, the Company shall execute, and the Trustee or an Authenticating Agent shall
authenticate and deliver, one or more Book-Entry Securities that (i) are denominated in an amount equal to the aggregate principal amount
of the Outstanding Securities of such series if elected in whole or such lesser amount if elected in part, (ii) are registered in the
name of the Depositary or its nominee, (iii) are delivered by the Trustee or an Authenticating Agent to the Depositary or pursuant to
the Depositary’s instructions and (iv) bear a legend in substantially the following form (or such other form as the Depositary and
the Company may agree upon):


 


UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITARY], TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF [NOMINEE OF THE DEPOSITARY] OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITARY] (AND ANY PAYMENT IS MADE TO [NOMINEE OF THE DEPOSITARY] OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITARY]), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, [NOMINEE OF THE DEPOSITARY], HAS AN INTEREST HEREIN.  



  


 


 






    	 	19	 



     


    

 


(b) Any Book-Entry
Security shall be initially executed and delivered as provided in Section 303. Notwithstanding any other provision of this Indenture,
unless and until it is exchanged in whole or in part for Registered Securities not issued in global form, a Book-Entry Security may not
be transferred except as a whole by the Depositary to a nominee of such Depositary, by a nominee of such Depositary to such Depositary
or another nominee of such Depositary, or by such Depositary or any such nominee to a successor Depositary or a nominee of such successor
Depositary.


 


(c) If at any time
the Depositary notifies the Company or the Trustee that it is unwilling or unable to continue as Depositary for any Book-Entry Securities,
the Company shall appoint a successor Depositary, whereupon the retiring Depositary shall surrender or cause the surrender of its Book-Entry
Security or Securities to the Trustee. The Trustee shall promptly notify the Company upon receipt of such notice. If a successor Depositary
has not been so appointed by the effective date of the resignation of the Depositary, the Book-Entry Securities will be issued as Registered
Securities not issued in global form, in an aggregate principal amount equal to the principal amount of the Book-Entry Security or Securities
theretofore held by the Depositary.


       


The Company may
at any time and in its sole discretion determine that the Securities shall no longer be Book-Entry Securities represented by a global
certificate or certificates, and will so notify the Depositary. Upon receipt of such notice, the Depositary shall promptly surrender or
cause the surrender of its Book-Entry Security or Securities to the Trustee. Concurrently therewith, Registered Securities not issued
in global form will be issued in an aggregate principal amount equal to the principal amount of the Book-Entry Security or Securities
theretofore held by the Depositary.


 


Upon any exchange
of Book-Entry Securities for Registered Securities not issued in global form as set forth in this Section 204(c), such Book-Entry Securities
shall be cancelled by the Trustee, and Securities issued in exchange for such Book-Entry Securities pursuant to this Section shall be
registered in such names and in such authorized denominations as the Depositary for such Book-Entry Securities, pursuant to instructions
from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee or any Authenticating Agent shall deliver
such Securities to the Persons in whose names such Securities are so registered.


 


(d) The Company
and the Trustee shall be entitled to treat the Person in whose name any Book-Entry Security is registered as the Holder thereof for all
purposes of the Indenture and any applicable laws, notwithstanding any notice to the contrary received by the Trustee or the Company;
and the Trustee and the Company shall have no responsibility for transmitting payments to, communication with, notifying, or otherwise
dealing with any beneficial owners of any Book-Entry Security. Neither the Company nor the Trustee shall have any responsibility or obligations,
legal or otherwise, to the beneficial owners or to any other party including the Depositary, except for the Holder of any Book-Entry Security;
provided however, notwithstanding anything herein to the contrary, (i) for the purposes of determining whether the requisite principal
amount of Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice, consent, waiver, instruction
or other action hereunder as of any date, the Trustee shall treat any Person specified in a written statement of the Depositary with respect
to any Book-Entry Securities as the Holder of the principal amount of such Securities set forth therein and (ii) nothing herein shall
prevent the Company, the Trustee, or any agent of the Company or Trustee, from giving effect to any written certification, proxy or other
authorization furnished by a Depositary with respect to any Book-Entry Securities, or impair, as between a Depositary and holders of beneficial
interests in such Securities, the operation of customary practices governing the exercise of the rights of the Depositary as Holder of
such Securities.


 


(e) So long as any
Book-Entry Security is registered in the name of a Depositary or its nominee, all payments of the principal of (and premium, if any) and
interest on such Book-Entry Security and redemption thereof and all notices with respect to such Book-Entry Security shall be made and
given, respectively, in the manner provided in the arrangements of the Company with such Depositary.


      


 


 


 






    	 	20	 



     


    

 


ARTICLE III


 


THE SECURITIES


 


SECTION 301. AMOUNT UNLIMITED; ISSUABLE IN
SERIES.


 


The aggregate principal amount
of Securities that may be authenticated and delivered under this Indenture is unlimited.


 


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


 


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


 


(2) any limit, if
any, upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of, other Securities
of the series pursuant to Section 304, 305, 306, 905 or 1107);


 


(3) whether Securities
of the series are to be issuable as Registered Securities, 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, as Book-Entry Securities or otherwise,
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 of any authorized form and denomination and the circumstances under which any such exchanges may occur,
if other than in the manner provided in Section 305, and the Depositary for any global Security or Securities;


 


(4) the manner in
which any interest payable on a temporary global Security on any Interest Payment Date will be paid if other than in the manner provided
in Section 304;


 


(5) the date or
dates on which the principal of (and premium, if any, on) the Securities of the series is payable or the method of determination thereof;


 


(6) the rate or
rates, or the method of determination thereof, at which the Securities of the series shall bear interest, if any, whether and under what
circumstances Additional Amounts with respect to such Securities shall be payable, the date or dates from which such interest shall accrue,
the Interest Payment Dates on which such interest shall be payable and, if other than as set forth in Section 101, the Regular Record
Date for the interest payable on any Registered Securities on any Interest Payment Date;


 


(7) if other than
the Corporate Trust Office of the Trustee, the place or places where, subject to the provisions of Section 1002, the principal of (and
premium, if any), any interest on and any Additional Amounts with respect to the Securities of the series shall be payable;


 


(8) the period or
periods within which, the price or prices (whether denominated in cash, securities or otherwise) at which and the terms and conditions
upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that
option, and the manner in which the Company must exercise any such option;


 


(9) the obligation,
if any, of the Company to redeem or purchase Securities of the series pursuant to any sinking fund or analogous provisions or at the option
of a Holder thereof and the period or periods within which, the price or prices (whether denominated in cash, securities or otherwise)
at which and the terms and conditions upon which Securities of the series shall be redeemed or purchased in whole or in part pursuant
to such obligation;


 


 


 


 






    	 	21	 



     


    

 


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


 


(11) the currency
or currencies (including composite currencies) in which payment of the principal of (and premium, if any), any interest on and any Additional
Amounts with respect to the Securities of the series shall be payable if other than the currency of the United States of America;


 


(12) if the principal
of (and premium, if any) or interest on the Securities of the series are to be payable, at the election of the Company or a Holder thereof,
in a currency or currencies (including composite currencies) other than that in which the Securities are stated to be payable, the currency
or currencies (including composite currencies) in which payment of the principal of (and premium, if any) and interest on and any Additional
Amounts with respect to Securities of such series as to which such election is made shall be payable, and the periods within which and
the terms and conditions upon which such election is to be made;


      


(13) if the amount
of payments of principal of (and premium, if any), any interest on and any Additional Amounts with respect to the Securities of the series
may be determined with reference to any commodities, currencies or indices, or values, rates or prices, the manner in which such amounts
shall be determined;


 


(14) if other than
the entire principal amount thereof, the portion of the principal amount of Securities of the series that shall be payable upon declaration
of acceleration of the Maturity thereof pursuant to Section 502;


 


(15) any additional
means of satisfaction and discharge of this Indenture with respect to Securities of the series pursuant to Section 401, any additional
conditions to discharge pursuant to Section 401, 402, 403, 404, or 405, and the application, if any, of Section 403 and 404;


 


(16) any deletions
or modifications of or additions to the Events of Default set forth in Section 501, the right of the Trustee or the requisite Holders
of such Securities to declare the principal amount thereof due and payable pursuant to Section 502, or the covenants of the Company set
forth in Article X pertaining to the Securities of the series;


 


(17) the terms,
if any, on which the Securities of any series may be converted into or exchanged for stock or other securities of the Company or other
entities, any specific terms relating to the adjustment thereof and the period during which such Securities may be so converted or exchanged;


 


(18) whether the
Securities of a series will be issued as part of units consisting of Securities and other securities of the Company or another issuer;
and


 


(19) any other terms
of the series permitted under the provisions of the Trust Indenture Act.


 


All Securities of any one
series shall be substantially identical except, in the case of Registered Securities, as to denomination and except as may otherwise be
provided in or pursuant to the Board Resolution referred to above and (subject to Section 303) set forth, or determined in the manner
provided, in the Officers’ Certificate referred to above or in any such indenture supplemental hereto.


 


All Securities of any one
series need not be issued at the same time and, unless otherwise provided in such Board Resolution or supplemental indenture, a series
may be reopened for issuances of additional Securities of such series pursuant to a Board Resolution or in any indenture supplemental
hereto.


 


At the option of the Company,
interest on the Registered Securities of any series that bears interest may be paid by mailing a check or otherwise transmitting payment
to the address of any Holder as such address shall appear in the Security Register.


 


 


 


 






    	 	22	 



     


    

 


If any of the terms of the
series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action together with such
Board Resolution shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior
to the delivery of the Officers’ Certificate setting forth the terms of the series.


       


SECTION 302. DENOMINATIONS.


 


The Securities of each series
shall be issuable in such denominations as shall be specified as contemplated by Section 301. In the absence of any such provisions with
respect to the Securities of any series, the Registered Securities of such series denominated in Dollars shall be issuable in denominations
of $2,000 and any integral multiple of $1,000 in excess thereof. Unless otherwise provided as contemplated by Section 301 with respect
to any series of Securities, any Securities of a series denominated in a currency other than Dollars shall be issuable in denominations
that are the equivalent, as determined by the Company by reference to the noon buying rate in the City of New York for cable transfers
for such currency, as such rate is reported or otherwise made available by the Federal Reserve Bank of New York, on the applicable issue
date for such Securities, of $2,000 and any integral multiple of $1,000 in excess thereof.


 


SECTION 303. EXECUTION, AUTHENTICATION, DELIVERY
AND DATING.


 


The Securities shall be executed
on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its President, its Chief Financial Officer, its Treasurer
or one of its Vice Presidents, under its corporate seal reproduced thereon or affixed thereto attested by its Secretary or one of its
Assistant Secretaries. The signature of any of these officers on the Securities may be manual or facsimile. Coupons shall bear the facsimile
signature of the Chairman of the Board, President, Treasurer or any Vice President of the Company.


 


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


 


At any time and from time
to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to
the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee
in accordance with the Company Order shall authenticate and deliver such Securities as in this Indenture provided and not otherwise.


 


If the form or terms of the
Securities of the series have been established in or pursuant to one or more Board Resolutions or Officer’s Certificate as permitted
by Sections 201 and 301, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation
to such Securities, the Trustee shall be given (in addition to the other documents required by Section 103 hereof), and (subject to Section
601) shall be fully protected in relying upon, an Opinion of Counsel stating,


 


(a) if the form
of such Securities has been established by or pursuant to Board Resolution as permitted by Section 201, that such form has been established
in conformity with the provisions of this Indenture;


 


(b) if the terms
of such Securities have been established by or pursuant to Board Resolution as permitted by Section 301, that such terms have been established
in conformity with the provisions of this Indenture; and


 


(c) that such Securities,
when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such
Opinion of Counsel, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with their terms, except
as such enforcement is subject to the effect of bankruptcy, insolvency, fraudulent conveyance, reorganization or other laws relating to
or affecting creditors’ rights, and general principles of equity (regardless of whether such enforcement is considered in a proceeding
in equity or at law); provided that such Opinion of Counsel need express no opinion as to whether a court in the United States
would render a money judgment in currency other than that of the United States.


 


 


 


 






    	 	23	 



     


    

 


If such form or terms have been so established,
the Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect
the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner not reasonably acceptable
to the Trustee.


 


Each Security shall be dated
the date of its authentication.


       


No Security shall be entitled
to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication
substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall
be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding
the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the
Company shall deliver such Security to the Trustee for cancellation as provided in Section 309 together with a written statement (which
need not comply with Section 103 and need not be accompanied by an Opinion of Counsel) stating that such Security has never been issued
and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this Indenture.


 


SECTION 304. TEMPORARY SECURITIES.


 


Pending the preparation of
definitive Securities of any series, the Company may execute, and upon Company Order, the Trustee shall authenticate and deliver, temporary
Securities that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially
of the tenor of the definitive Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions,
substitutions and other variations as the officers of the Company executing such Securities may determine, as evidenced by their execution
of such Securities.


 


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


 


All Outstanding temporary
Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same
series and of like tenor authenticated and delivered hereunder.


 


SECTION 305. REGISTRATION, REGISTRATION OF
TRANSFER AND EXCHANGE.


 


The Company shall cause to
be kept for each series of Securities at one of the offices or agencies maintained pursuant to Section 1002 a register (the register maintained
in such office and in any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to
as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide
for the registration of Registered Securities and of transfers of Registered Securities of such series. The Trustee is hereby initially
appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities as herein provided.


 


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


 


 


 


 






    	 	24	 



     


    

 


At the option of the Holder,
Registered Securities of any series may be exchanged for other Registered Securities of the same series and of like tenor, of any authorized
denominations and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever
any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities
that the Holder making the exchange is entitled to receive.


   


Notwithstanding the foregoing,
except as otherwise specified as contemplated by Section 301, any permanent global Security shall be exchangeable only as provided in
this paragraph. If the beneficial owners of interests in a permanent global Security are entitled to exchange such interest for Securities
of such series and of like tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section
301, then without unnecessary delay but in any event not later than the earliest date on which such interests may be so exchanged, the
Company shall deliver to the Trustee definitive Securities of that series in an aggregate principal amount equal to the principal amount
of such permanent global Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged,
such permanent global Security shall be surrendered from time to time in accordance with instructions given to the Trustee and the Depositary
(which instructions shall be in writing but need not comply with Section 103 or be accompanied by an Opinion of Counsel) or such other
depositary as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose,
to be exchanged, in whole or in part, for definitive Securities of the same series without charge and the Trustee shall authenticate and
deliver, in exchange for each portion of such permanent global Security, a like aggregate principal amount of other definitive Securities
of the same series of authorized denominations and of like tenor as the portion of such permanent global Security to be exchanged; provided,
however, that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of
Securities of that series is to be redeemed and ending on the relevant Redemption Date. Promptly following any such exchange in part,
such permanent global Security marked to evidence the partial exchange shall be returned by the Trustee to the Depositary or such other
depositary referred to above in accordance with the instructions of the Company referred to above. If a Registered Security is issued
in exchange for any portion of a permanent global Security after the close of business at the office or agency where such exchange occurs
on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii)
any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted
Interest, interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment,
as the case may be, in respect of such Registered Security, but will be payable on such Interest Payment Date or proposed date for payment,
as the case may be, only to the Person to whom interest in respect of such portion of such permanent global Security is payable in accordance
with the provisions of this Indenture.


 


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


 


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


 


No service charge shall be
made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other
than exchange pursuant to Section 304, 905 or 1107 not involving any transfer.


 


The Company shall not be required
(i) to issue, register the transfer of or exchange Securities of any series during a period beginning at the opening of business 15 days
before the day of the mailing of a notice of redemption of Securities of such series selected for redemption and ending at the close of
business on the day of the mailing of the relevant notice of redemption or (ii) to register the transfer of or exchange any Registered
Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part.


 


 


 


 






    	 	25	 



     


    

 


SECTION 306. MUTILATED, DESTROYED, LOST AND
STOLEN SECURITIES.


 


If any mutilated Security
is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security
of the same series and of like tenor and principal amount and bearing a number not contemporaneously Outstanding. 


   


If there shall be delivered
to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security and (ii) such security
or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice
to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its request
the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series
and of like tenor and principal amount and bearing a number not contemporaneously Outstanding.


 


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


 


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


 


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


 


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


 


SECTION 307. PAYMENT OF INTEREST; INTEREST
RIGHTS PRESERVED.


 


Interest on any Registered
Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose
name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest. Unless otherwise provided with respect to the Securities of any series, payment of interest may be made at the option of the
Company by check mailed or delivered to the address of any Person entitled thereto as such address shall appear in the Security Register.


 


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


 


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


    


 


 






    	 	26	 



     


    

 


(2) The Company
may make payment of any Defaulted Interest on the Registered Securities of any series in any other lawful manner not inconsistent with
the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange,
if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause, such manner of payment shall be
deemed practicable by the Trustee.


 


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


 


SECTION 308. PERSONS DEEMED OWNERS.


 


Prior to due presentment of
a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name such Registered Security is registered as the owner of such Registered Security for the purpose of receiving payment
of principal of (and premium, if any) and (subject to Sections 305 and 307) interest on such Registered Security and for all other purposes
whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee
shall be affected by notice to the contrary.


 


SECTION 309. CANCELLATION.


 


All Securities surrendered
for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to
any Person other than the Trustee, be delivered to the Trustee. All Registered Securities so delivered shall be promptly cancelled by
the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered
hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by
the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section,
except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of in its customary manner.


 


SECTION 310. COMPUTATION OF INTEREST.


 


Except as otherwise specified
as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis
of a year comprising twelve 30-day months.


 


SECTION 311. CUSIP NUMBERS.


 


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


     


 


 


 






    	 	27	 



     


    

 


ARTICLE IV


 


SATISFACTION AND DISCHARGE; LEGAL DEFEASANCE
AND


COVENANT DEFEASANCE


 


SECTION 401. SATISFACTION AND DISCHARGE OF
INDENTURE.


 


This Indenture shall upon
Company Request cease to be of further effect with respect to Securities of any series (except as to any surviving rights of registration
of transfer, exchange or replacement of such series 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 with respect to such Securities,
when


 


(1) either


 


(A) all such Securities
of such series theretofore authenticated and delivered (other than (i) such Securities which have been destroyed, lost or stolen and which
have been replaced or paid as provided in Section 306 and (ii) such Securities of such series for whose payment money has theretofore
been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust,
as provided in Section 1003) have been delivered to the Trustee for cancellation; or


 


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


 


(i) have become due
and payable, or


 


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


 


(iii) 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,


 


and the Company, in the case of (B)(i),
(ii) or (iii) above, has deposited or caused to be deposited with the Trustee, as funds in trust for such purpose, an amount in the currency
or currencies or currency unit or units in which such Securities of such series are payable or U.S. Government Obligations maturing as
to principal and interest in such amounts and at such times as will, together with any interest thereon, be sufficient to pay and discharge
the entire indebtedness on such Securities of such series not theretofore delivered to the Trustee for cancellation, for principal and
any premium and interest to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity
or Redemption Date, as the case may be;


 


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


 


(3) 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 with respect to such series of Securities have been complied
with.


 


Notwithstanding the satisfaction
and discharge of this Indenture with respect to the Outstanding Securities of such series pursuant to this Section 401, the obligations
of the Company to the Trustee under Section 607 and to any Authenticating Agent under Section 614 and, if money or U.S. Government Obligations
shall have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of this Section, the obligations of the Trustee under
Section 406, Article VI and the last paragraph of Section 1003 shall survive such satisfaction and discharge.


 


 


 


 






    	 	28	 



     


    

 


SECTION 402. OPTION TO EFFECT LEGAL DEFEASANCE
OR COVENANT DEFEASANCE.


 


In addition to the Company’s
rights under Section 401 (which shall not be affected by this Section 402), the Company may, at the option of its Board of Directors evidenced
by a resolution set forth in an Officers’ Certificate, at any time, elect to have either Section 403 or 404 hereof applied to all
Outstanding Securities of any series upon compliance with the conditions set forth in Sections 403 through 406 hereof.


  


SECTION 403. LEGAL DEFEASANCE AND DISCHARGE.


 


Upon the Company’s exercise
under Section 402 hereof of the option applicable to this Section 403, the Company and the Guarantors shall, subject to the satisfaction
of the conditions set forth in Section 405 hereof, be deemed to have been discharged from their obligations with respect to all Outstanding
Securities of a series on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this
purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the
Outstanding Securities of a series, which shall thereafter be deemed to be “outstanding” only for the purposes of Section
406 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all its other obligations
under such Securities and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a)
the rights of Holders of Outstanding Securities of any series to receive payments in respect of the principal of, premium, if any, and
interest, if any, on such Securities when such payments are due from the trust referred to in Section 405, (b) the Company’s obligations
with respect to such Securities under Sections 304, 305, 306 and 1002 of this Indenture, (c) the rights, powers, trusts, duties and immunities
of the Trustee hereunder and the Company’s obligations in connection therewith and (d) this Article IV. Subject to compliance with
Sections 402 through 406 hereof, the Company may exercise its option under this Section 403 notwithstanding the prior exercise of its
option under Section 404 hereof.


 


SECTION 404. COVENANT DEFEASANCE.


 


Upon the Company’s exercise
under Section 402 hereof of the option applicable to this Section 404, the Company shall, subject to the satisfaction of the conditions
set forth in Section 405 hereof, be released from the operation of Section 801 hereof with respect to the Outstanding Securities of a
series and any other covenant contained in the Board Resolution or supplemental indenture relating to such series on and after the date
the conditions set forth in Section 405 are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such series
shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders
(and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for
all other purposes hereunder (it being understood that such Securities shall not be deemed outstanding for accounting purposes). For this
purpose, Covenant Defeasance means that, with respect to the Outstanding Securities of such series, the Company may omit to comply with
and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly,
by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision
herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 501 hereof,
but, except as specified above, the remainder of this Indenture and such series of Securities shall be unaffected thereby. In addition,
upon the Company’s exercise under Section 402 hereof of the option applicable to this Section 404 hereof, subject to the satisfaction
of the conditions set forth in Section 405 hereof, Sections 501(3) through 501(6) and Section 501(9) hereof shall not constitute Events
of Default.


 


SECTION 405. CONDITIONS TO LEGAL OR COVENANT
DEFEASANCE.


 


The following shall be the
conditions to the application of either Section 403 or 404 hereof to the Outstanding Securities of any series:


 


 


 


 






    	 	29	 



     


    

 


In order to exercise either
Legal Defeasance or Covenant Defeasance:


 


(a) the Company
must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the Securities, cash in United States dollars,
U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient, to pay the principal of, or interest and
premium, if any, on the Outstanding Securities of such series on the Stated Maturity or on the applicable redemption date, as the case
may be, and the Company must specify whether the Securities are being defeased to maturity or to a particular redemption date;


 


(b) in the case
of Legal Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming
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
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 Outstanding Securities of such series will not recognize income, gain or
loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts,
in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred;


      


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


 


(d) no Default or
Event of Default shall have occurred and be continuing either: (i) on the date of such deposit (other than a Default or Event of Default
resulting from the borrowing of funds to be applied to such deposit); or (ii) insofar as Events of Default from bankruptcy or insolvency
events are concerned, at any time in the period ending on the 91st day after the date of deposit;


 


(e) such Legal Defeasance
or Covenant Defeasance will not result in a breach or violation of, or constitute a default under any material agreement or instrument
(other than this Indenture) to which the Company is a party or by which the Company is bound;


 


(f) the Company
must have delivered to the Trustee an Opinion of Counsel to the effect that, assuming no intervening bankruptcy of the Company or any
Guarantor between the date of deposit and the 91st day following the deposit and assuming that no Holder is an “insider” of
the Company under applicable bankruptcy law, after the 91st day following the deposit, the trust funds will not be subject to the effect
of any applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally;


 


(g) the Company
must deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company with the intent of preferring
the Holders of Securities over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding creditors
of the Company or others; and


 


(h) the Company
must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent relating
to the Legal Defeasance or the Covenant Defeasance have been complied with.


 


SECTION 406. DEPOSITED MONEY AND U.S. GOVERNMENT
OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS.


 


Subject to Section 407 hereof,
all money and non callable U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying
trustee, collectively for purposes of this Section 406, the “Trustee”) pursuant to Section 401 or 404 hereof in respect of
the Outstanding Securities of any series shall be held in trust and applied by the Trustee, in accordance with the provisions of such
Securities and this Indenture, to the payment, either directly or through any paying agent (including the Company acting as paying agent)
as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal, premium
on , if any, and interest, but such money need not be segregated from other funds except to the extent required by law.


 


 


 






    	 	30	 



     


    

 


The Company shall pay and
indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable U.S. Government Obligations
deposited pursuant to Section 401 or 404 hereof or the principal and interest received in respect thereof other than any such tax, fee
or other charge which by law is for the account of the Holders of the Outstanding Securities.


 


Anything in this Article IV
to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the written request of the Company
any money or non-callable U.S. Government Obligations held by it as provided in Section 401 or 404 hereof which, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess
of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance or satisfaction
and discharge of this Indenture. 


   


SECTION 407. REPAYMENT TO COMPANY.


 


Any money deposited with the
Trustee or any paying agent, or then held by the Company, in trust for the payment of the principal of, premium on, if any, or interest
on any Securities and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable
shall be paid to the Company on its written request or (if then held by the Company) shall be discharged from such trust; and the Holder
of such Securities shall thereafter, as an unsecured creditor, look only to the Company for payment thereof, and all liability of the
Trustee or such paying agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease;
provided, however, that the Trustee or such paying agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money
remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or
publication, any unclaimed balance of such money then remaining will be repaid to the Company.


 


SECTION 408. REINSTATEMENT.


 


If the Trustee or Paying Agent
is unable to apply any money or U.S. Government Obligations deposited with respect to Securities of any series in accordance with Section
401, 403 or 404 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining
or otherwise prohibiting such application, then the Company’s obligations under this Indenture with respect to the Securities of
such series and the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant to Section 401,
403 or 404 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S. Government Obligations in
accordance with Section 401, 403 or 404 hereof, as the case may be; provided, however, that, if the Company makes any payment
of principal of, premium on, if any, or interest on any Securities following the reinstatement of its obligations, the Company shall be
subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held
by the Trustee or Paying Agent.


 


ARTICLE V


 


REMEDIES


 


SECTION 501. EVENTS OF DEFAULT.


 


An “Event of Default”
on a series occurs if:


 


(1) the Company
defaults in the payment of interest on any Security of such series when the same becomes due and payable and the Default continues for
a period of 30 days;


 


 


 


 






    	 	31	 



     


    

 


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


 


(3) the Company
fails to comply with any of its other agreements in the Securities of such series or this Indenture (as they relate thereto) and the Default
continues for the period and after the notice specified below (except in the case of a default with respect to any Change of Control Provisions
or Article VIII (or any replacement provisions contemplated by Article VIII), which will constitute Events of Default with notice but
without passage of time);


 


(4) the acceleration
of any Indebtedness of the Company in an amount of $50 million or more, individually or in the aggregate, and such acceleration does not
cease to exist, or such Indebtedness is not satisfied, in either case within five days after such acceleration;


 


(5) the failure
by the Company to make any principal or interest payment in an amount of $50 million or more, individually or in the aggregate, in respect
of Indebtedness of the Company within five days of such principal or interest becoming due and payable (after giving effect to any applicable
grace period set forth in the documents governing such Indebtedness);


     


(6) a final judgment
or judgments in an amount of $50 million or more, individually or in the aggregate, for the payment of money having been entered by a
court or courts of competent jurisdiction against the Company and such judgment or judgments is not satisfied, stayed, annulled or rescinded
within 90 days after being entered;


 


(7) the Company
pursuant to or within the meaning of any Bankruptcy Law:


 


(a) commences a voluntary case,


 


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


 


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


 


(d) makes a general assignment for the
benefit of creditors;


 


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


 


(a) is for relief against the Company
in an involuntary case,


 


(b) appoints a Custodian of the Company
or for all or substantially all of its property, or


 


(c) orders the liquidation of the Company,


 


and the order or decree remains
unstayed and in effect for 60 days; or


 


(9) any other Event
of Default occurs with respect to Securities of that series as provided in the supplemental indenture or Board Resolutions establishing
such series of Securities.


 


 


 


 






    	 	32	 



     


    

 


The term “Bankruptcy
Law” means the Bankruptcy Act or any similar Federal or State law for the relief of debtors. The term “Custodian” means
any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.


 


A Default under clause (3)
above is not an Event of Default until the Trustee notifies the Company, or the Holders of at least 25% in principal amount of the Securities
of the applicable series notify the Company and the Trustee of the Default and (except in the case of a default with respect to any provisions
of any supplemental indenture or Board Resolution establishing such series of Securities giving the Holders of Securities of such series
the right to require the Company to repurchase or redeem such Securities of such series upon the occurrence of a change of control prior
to the final maturity date of such Securities of such series (“Change of Control Provisions”) or Article VIII (or any replacement
provisions contemplated by Article VIII)) the Company does not cure the Default within 90 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 502. ACCELERATION.


 


If any Event of Default (other
than an Event of Default specified in clause (7) or (8) of Section 501 hereof) with respect to Securities of any series occurs and is
continuing, either the Trustee or the Holders of at least 25% in principal amount of the then Outstanding Securities of that series may
declare all the Securities of that series to be due and payable immediately. Upon any such declaration, the Securities of that series
shall become due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders). Notwithstanding
the foregoing, if an Event of Default specified in clause (7) or (8) of Section 501 hereof occurs with respect to any series of Securities,
all outstanding Securities of that series shall become due and payable without further action or notice. The Holders of a majority in
aggregate principal amount of Securities of any series then Outstanding by notice to the Trustee may on behalf of the Holders of all of
the Securities of that series waive any existing Default or Event of Default and its consequences under this Indenture except a continuing
Default or Event of Default in the payment of interest or premium, if any, on, or the principal of, the Securities of that series.


    


SECTION 503. OTHER REMEDIES.


 


If an Event of Default with
respect to Securities of any series occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal,
premium, if any, and interest on the Securities of 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 in a series or does not produce any of them in the proceeding. A delay or
omission by the Trustee or any Holder of a Security in exercising any right or remedy accruing upon an Event of Default shall not impair
the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted
by law.


 


SECTION 504. WAIVER OF PAST DEFAULTS.


 


Holders of not less than a
majority in aggregate principal amount of the then outstanding Securities in any series by notice to the Trustee may on behalf of the
Holders of all of the Securities of that series waive any existing Default or Event of Default and its consequences hereunder, except
a continuing Default or Event of Default in the payment of the principal of, premium, if any, or interest on, the Securities of that series
(including in connection with an offer to purchase) (provided, however, that the Holders of a majority in aggregate 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, with respect to that series). Upon any such waiver, such Default shall cease to exist, and
any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall
extend to any subsequent or other Default or impair any right consequent thereon.


 


 


 


 






    	 	33	 



     


    

 


SECTION 505. CONTROL BY MAJORITY.


 


With respect to any series
of Securities, Holders of a majority in principal amount of the then outstanding Securities of that series may direct the time, method
and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on
it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may
be unduly prejudicial to the rights of other Holders of Securities of any series or that may involve the Trustee in personal liability.


 


SECTION 506. LIMITATION ON SUITS.


 


A Holder of a Security of
any series may pursue a remedy with respect to this Indenture or the Securities of that series only if:


 


(a) the Holder of
a Security of that series gives to the Trustee written notice of a continuing Event of Default;


 


(b) the Holders
of at least 25% in principal amount of the then outstanding Securities of that series make a written request to the Trustee to pursue
the remedy;


 


(c) such Holder
of a Security or Holders of Securities offer and, if requested, provide to the Trustee indemnity satisfactory to the Trustee against any
loss, liability or expense;


 


(d) the Trustee
does not comply with the request within 60 days after receipt of the request and the offer and, if requested, the provision of indemnity;
and


 


(e) during such
60-day period the Holders of a majority in principal amount of the then outstanding Securities of that series do not give the Trustee
a direction inconsistent with the request.


 


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


   


SECTION 507. RIGHTS OF HOLDERS OF SECURITIES
TO RECEIVE PAYMENT.


 


Notwithstanding any other
provision of this Indenture, the right of any Holder of a Security of any series to receive payment of principal, premium, if any, and
interest on the Security, on or after the respective due dates expressed in the Security (including in connection with an offer to purchase),
or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without
the consent of such Holder.


 


SECTION 508. COLLECTION SUIT BY TRUSTEE.


 


With respect to the Securities
of any series, if an Event of Default specified in clause (1) or (2) of Section 501 hereof occurs and is continuing, the Trustee is authorized
to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, premium
on, if any, and interest remaining unpaid on the Securities of that series and interest on overdue principal and, to the extent lawful,
interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel.


 


 


 


 






    	 	34	 



     


    

 


SECTION 509. TRUSTEE MAY FILE PROOFS OF CLAIM.


 


The Trustee is authorized
to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee
(including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and
the Holders of the Securities of any series allowed in any judicial proceedings relative to the Company (or any other obligor upon the
Securities), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property
payable or deliverable on any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder of that
series 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 607 of this Indenture. To the extent that the payment of any
such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee
under Section 607 of this Indenture out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall
be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the
Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.
Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
of any series of Securities any plan of reorganization, arrangement, adjustment or composition affecting the Securities of that series
or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.


 


SECTION 510. PRIORITIES.


 


If the Trustee collects any
money pursuant to this Article, it shall pay out the money in the following order:


 


(a) First: to the
Trustee, its agents and attorneys for amounts due under Section 607 of this Indenture, including payment of all compensation, expense
and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection;


 


(b) Second: to Holders
of Securities for amounts due and unpaid on the Securities for principal, premium, if any, and interest, ratably, without preference or
priority of any kind, according to the amounts due and payable on the Securities for principal, premium, if any, and interest, respectively;
and


 


(c) Third: to the
Company or to such party as a court of competent jurisdiction shall direct.


 


The Trustee may fix a record
date and payment date for any payment to Holders of Securities pursuant to this Section 510.


     


SECTION 511. 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 does not apply
to a suit by the Trustee, a suit by a Holder of a Security pursuant to Section 507 hereof, or a suit by Holders of more than 10% in principal
amount of the then outstanding Securities of any series.


 


 


 


 






    	 	35	 



     


    

 


ARTICLE VI


 


THE TRUSTEE


 


SECTION 601. CERTAIN DUTIES AND RESPONSIBILITIES.


 


(a) Except during the continuance
of an Event of Default with respect to the Securities of any series:


 


(1) the Trustee
undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, 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; but in the case
of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee
shall be under a duty to examine the same to determine whether they conform to the requirements of this Indenture (but need not confirm
or investigate the accuracy of mathematical calculation or other facts stated therein).


 


(b) In case an Event of Default
has occurred and is continuing with respect to the Securities of any series, 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 his or her own affairs.


 


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


 


(1) this Subsection
shall not be construed to limit the effect of Subsection (a) of this Section;


 


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


 


(3) the Trustee
shall not be liable with respect to any action it takes or omits to take in good faith in accordance with the direction of the Holders
of a majority in principal amount of the Outstanding Securities of any series or of all series, determined as provided in Section 505,
relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and


 


(4) no provision
of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance
of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that
repayment of such funds or indemnity satisfactory to it against such risk or liability is not assured to it.


 


(d) Whether or not therein
expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection
to the Trustee shall be subject to the provisions of this Section.


     


 


 


 






    	 	36	 



     


    

 


SECTION 602. NOTICE OF DEFAULTS.


 


Within 90 days after the occurrence
of any Default or Event of Default with respect to the Securities of any series, the Trustee shall give notice of such Default or Event
of Default known to the Trustee to all Holders of Securities of such series in the manner provided in Section 107 and in compliance with
the Trust Indenture Act, unless such Default or Event of Default shall have been cured or waived; provided, however, that,
except in the case of a Default or Event of Default in the payment of the principal of (or premium, if any) or interest on or any Additional
Amounts with respect to any Security of such series or in the payment of any sinking fund installment with respect to Securities of such
series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or
a trust committee of directors and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice
is in the interest of the Holders of Securities of such series; and provided, further, that in the case of any Default or
Event of Default of the character specified in Section 501(3) with respect to Securities of such series, no such notice to Holders shall
be given until at least 30 days after the occurrence thereof.


 


SECTION 603. CERTAIN RIGHTS OF TRUSTEE.


 


Subject to the provisions
of Section 601:


 


(a) the Trustee
may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon, other evidence of indebtedness or other paper
or document believed by it to be genuine and to have been signed or presented by the proper party or parties;


 


(b) any request
or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution
of the Board of Directors may be sufficiently evidenced by a Board Resolution;


 


(c) 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, in the absence of bad faith
on its part, rely upon an Officers’ Certificate;


 


(d) the Trustee
may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon;


 


(e) the Trustee
shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any
of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to
it against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction;


 


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


 


(g) the Trustee
may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys
and, except for any Affiliates of the Trustee, the Trustee shall not be responsible for any misconduct or negligence on the part of any
agent or attorney appointed with due care by it hereunder;


     


 


 


 






    	 	37	 



     


    

 


(h) the Trustee
shall not be charged with knowledge of any Default or Event of Default with respect to the Securities of any series for which it is acting
as Trustee unless either (1) a Responsible Officer shall have actual knowledge of such Default or Event of Default or (2) written notice
of such Default or Event of Default which is in fact such a default shall have been received by the Trustee at the Corporate Trust Office
of the Trustee and such notice references the Securities and this Indenture by the Company or any other obligor on such Securities or
by any Holder of such Securities;


 


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


 


(j) in no event
shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but
not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless
of the form of action;


 


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


 


(l) the Trustee
may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such
time to take specified actions pursuant to this Indenture.


 


SECTION 604. NOT RESPONSIBLE FOR RECITALS OR
ISSUANCE OF SECURITIES.


 


The recitals contained herein
and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Company, and
the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of
this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the Company of Securities or the
proceeds thereof.


 


SECTION 605. MAY HOLD SECURITIES.


 


The Trustee, any Authenticating
Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may become
the owner or pledgee of Securities and, subject to Sections 608 and 613, may otherwise deal with the Company with the same rights it would
have if it were not the Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent.


 


SECTION 606. MONEY HELD IN TRUST.


 


Money held by the Trustee
in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability
for interest on any money received by it hereunder except as otherwise agreed with the Company.


 


SECTION 607. COMPENSATION AND REIMBURSEMENT.


 


The Company agrees:


 


(1) to pay to the
Trustee from time to time compensation for all services rendered by it hereunder (which compensation shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust);


 


 


 


 






    	 	38	 



     


    

 


(2) except as otherwise
expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred
or made by the Trustee in accordance with any provision of this Indenture (including the compensation and the reasonable expenses and
disbursements of its agents and counsel), except any such expense, disbursement or advance as shall be determined to have been caused
by its own negligence or willful misconduct; and


    


(3) to indemnify
the Trustee and each of its directors, officers, employees, agents and/or representatives for, and to hold each of them harmless against,
any loss, liability or expense incurred without negligence or willful misconduct on each of their part, arising out of or in connection
with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending themselves against
any claim or liability in connection with the exercise or performance of any of the Trustee’s powers or duties hereunder.


 


As security for the performance
of the obligations of the Company under this Section 607, the Trustee shall have a lien prior to the Securities on all property and funds
held or collected by the Trustee as such, except funds held in trust for the payment of principal of, premium, if any, or interest, if
any, on or any Additional Amounts with respect to particular Securities.


 


Any expenses and compensation
for any services rendered by the Trustee after the occurrence of an Event of Default (including the reasonable charges and expenses of
its counsel) specified in clause (7) or (8) of Section 501 shall constitute expenses and compensation for services of administration under
all applicable federal or state bankruptcy, insolvency, reorganization or other similar laws.


 


The provisions of this Section
607 and any lien arising hereunder shall survive the resignation or removal of the Trustee or the discharge of the Company’s obligations
under this Indenture and the termination of this Indenture.


 


SECTION 608. DISQUALIFICATION; CONFLICTING
INTERESTS.


 


(a) If the Trustee has or
shall acquire any conflicting interest, as defined in this Section 608, with respect to the Securities of any series, it shall, within
90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect to
the Securities of that series in the manner and with the effect hereinafter specified in this Article.


 


(b) In the event that the
Trustee shall fail to comply with the provisions of Subsection (a) of this Section 608 with respect to the Securities of any series, the
Trustee shall, within 10 days after the expiration of such 90-day period, transmit by mail to all Holders of Securities of that series,
as their names and addresses appear in the Security Register, notice of such failure in compliance with the Trust Indenture Act.


 


(c) For the purposes of this
Section, the term “conflicting interest” shall have the meaning specified in Section 310(b) of the Trust Indenture Act and
the Trustee shall comply with Section 310(b) of the Trust Indenture Act; provided, that there shall be excluded from the operation
of Section 310(b)(1) of the Trust Indenture Act with respect to the Securities of any series any indenture or indentures under which other
securities, or certificates of interest or participation in other securities, of the Company are outstanding, if the requirements for
such exclusion set forth in Section 310(b)(1) of the Trust Indenture Act are met. For purposes of the preceding sentence, the optional
provision permitted by the second sentence of Section 310(b)(1) of the Trust Indenture Act shall be applicable.


 


 


 


 






    	 	39	 



     


    

 


SECTION 609. CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.


 


There shall at all times be
a Trustee hereunder which shall be a corporation organized and doing business under the laws of the United States of America, any State
thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus
of at least $50 million and subject to supervision or examination by Federal or State (or the District of Columbia) authority. If such
corporation publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining
authority, then for the purposes of this Section 609, the combined capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible
in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified
in this Article.


 


The Indenture shall always
have a Trustee who satisfies the requirements of Sections 310(a)(1), 310(a)(2) and 310(a)(5) of the Trust Indenture Act.


    


SECTION 610. RESIGNATION AND REMOVAL; APPOINTMENT
OF SUCCESSOR.


 


(a) No resignation or removal
of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment
by the successor Trustee in accordance with the applicable requirements of Section 611.


 


(b) The Trustee may resign
at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of
acceptance by a successor Trustee required by Section 611 shall not have been delivered to the resigning Trustee within 30 days after
the giving of such notice of resignation, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction
for the appointment of a successor Trustee with respect to the Securities of such series.


 


(c) The Trustee may be removed
at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities
of such series, delivered to the Trustee and to the Company. If the instrument of acceptance by a successor Trustee required by Section
611 shall not have been delivered to the resigning Trustee within 30 days after the giving of such notice of resignation, the resigning
Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series.


 


(d) If at any time:


 


(1) the Trustee
shall fail to comply with Section 608(a) after written request therefor by the Company or by any Holder who has been a bona fide Holder
of a Security for at least six months, or


 


(2) the Trustee
shall cease to be eligible under Section 609 and shall fail to resign after written request therefor by the Company or by any such Holder
of Securities, or


 


(3) the Trustee
shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be
appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation,


 


then, in any such case, (i) the Company by a Board
Resolution may remove the Trustee with respect to all Securities, or (ii) subject to Section 505, any Holder who has been a bona fide
Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees.


 


 


 


 






    	 	40	 



     


    

 


(e) If the Trustee shall resign,
be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities
of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the
Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities
of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular
series) and such successor Trustee or Trustees shall comply with the applicable requirements of Section 611. If no successor Trustee with
respect to the Securities of any series shall have been so appointed by the Company and accepted appointment in the manner required by
Section 611, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself
and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect
to the Securities of such series.


 


(f) The Company shall give
notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor
Trustee with respect to the Securities of any series by mailing written notice of such event by first-class mail, postage prepaid, to
all Holders of Securities of such series as their names and addresses appear in the Security Register. Each notice shall include the name
of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office.


     


SECTION 611. ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.


 


(a) In case of the appointment
hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall execute, acknowledge
and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal
of the retiring Trustee shall become effective and 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; but, on the request of the Company or the successor Trustee, such
retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the
rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and
money held by such retiring Trustee hereunder.


 


(b) 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) if the retiring Trustee
is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that
all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the
retiring Trustee is not retiring shall continue to be vested in the retiring Trustee and (3) shall add to or change any of the provisions
of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee,
it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust
and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered
by any other such Trustee; and upon the execution and delivery of such supplemental indenture, the resignation or removal of the retiring
Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance,
shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those
series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring
Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder
with respect to the Securities of that or those series to which the appointment of such successor Trustee relates.


 


(c) Upon request of any such
successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor
Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be.


 


(d) No successor Trustee shall
accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article.


 


 


 


 






    	 	41	 



     


    

 


SECTION 612. MERGER, CONVERSION, CONSOLIDATION
OR SUCCESSION TO BUSINESS.


 


Any corporation into which
the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion
or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust
business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible
under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided,
however, that in the case of a corporation succeeding to all or substantially all the corporate trust business of the Trustee,
such successor corporation shall expressly assume all of the Trustee’s liabilities hereunder. In case any Securities shall have
been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating
Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had
itself authenticated such Securities.


     


SECTION 613. PREFERENTIAL COLLECTION OF CLAIMS
AGAINST COMPANY.


 


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


 


SECTION 614. APPOINTMENT OF AUTHENTICATING
AGENT.


 


The Trustee may appoint an
Authenticating Agent or Agents that shall be authorized to act on behalf of the Trustee to authenticate Securities issued upon original
issue and upon exchange, registration of transfer or partial redemption or pursuant to Section 306, and Securities so authenticated shall
be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder.
Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate
of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating
Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall
be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States
of America, any State thereof or the District of Columbia having a combined capital and surplus of not less than $50 million or equivalent
amount expressed in a foreign currency and subject to supervision or examination by Federal or State (or the District of Columbia) authority
or authority of such country. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section 614, the combined capital and surplus of
such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so
published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 614, such
Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section 614.


 


Any corporation into which
an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency
or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation
shall be otherwise eligible under this Section 614, without the execution or filing of any paper or any further act on the part of the
Trustee or the Authenticating Agent.


 


An Authenticating Agent may
resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency
of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice
of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with
the provisions of this Section 614, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company
and shall mail written notice of such appointment by first-class mail, postage prepaid, to all Holders as their names and addresses appear
in the Security Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all
the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor
Authenticating Agent shall be appointed unless eligible under the provisions of this Section 614.


 


 


 


 






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The Trustee agrees to pay
to each Authenticating Agent from time to time reasonable compensation for its services under this Section 614, and the Trustee shall
be entitled to be reimbursed for such payments, subject to the provisions of Section 607.


 


If an appointment is made
pursuant to this Section 614, the Securities may have endorsed thereon, in addition to the Trustee’s certificate of authentication,
an alternate certificate of authentication in the following form:


 


“This is one of the
Securities of the series designated therein referred to in the within mentioned Indenture.


 


	 	 	 	 
	 	 	AS TRUSTEE	 
	 	 	 	 
	 	By	 	 
	 	 	AS AUTHENTICATING AGENT	 
	 	 	 	 
	 	By	 	 
	 	 	AS AUTHORIZED SIGNATORY"	 


     


Notwithstanding any provision
of this Section 614 to the contrary, if at any time any Authenticating Agent appointed hereunder with respect to any series of Securities
shall not also be acting as the Security Registrar hereunder with respect to any series of Securities, then, in addition to all other
duties of an Authenticating Agent hereunder, such Authenticating Agent shall also be obligated (i) to furnish to the Security Registrar
promptly all information necessary to enable the Security Registrar to maintain at all times an accurate and current Security Register
and (ii) prior to authenticating any Security denominated in a foreign currency, to ascertain from the Company the units of such foreign
currency that are required to be determined by the Company pursuant to Section 302.


 


ARTICLE VII


 


HOLDER’S LISTS AND REPORTS BY TRUSTEE
AND COMPANY


 


SECTION 701. COMPANY TO FURNISH TRUSTEE NAMES
AND ADDRESSES OF HOLDERS.


 


With respect to each series
of Securities, the Company will furnish or cause to be furnished to the Trustee:


 


(a) semi-annually,
not more than 15 days after each Regular Record Date relating to that series (or, if there is no Regular Record Date relating to that
series, on January 1 and July 1), a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders
of that series as of such dates, and 


 


(b) at such other
times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form
and content, such list to be dated as of a date not more than 15 days prior to the time such list is furnished;


 


provided, that so long as the Trustee is
the Security Registrar, the Company shall not be required to furnish or cause to be furnished such a list to the Trustee. The Company
shall otherwise comply with Section 312(a) of the Trust Indenture Act.


 


 


 


 






    	 	43	 



     


    

 


SECTION 702. PRESERVATION OF INFORMATION; COMMUNICATIONS
TO HOLDERS.


 


(a) The Trustee shall preserve,
in as current a form as is reasonably practicable, the names and addresses of Holders of each series contained in the most recent list
furnished to the Trustee as provided in Section 701 and the names and addresses of Holders of each series received by the Trustee in its
capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list
so furnished. The Trustee shall otherwise comply with Section 312(a) of the Trust Indenture Act.


 


(b) Holders of Securities
may communicate pursuant to Section 312(b) of the Trust Indenture Act with other Holders with respect to their rights under this Indenture
or under the Securities. The Company, the Trustee, the Security Registrar and any other Person shall have the protection of Section 312(c)
of the Trust Indenture Act.


 


SECTION 703. REPORTS BY TRUSTEE.


 


(a) Within 60 days after May
15 of each year commencing with the year 2018, the Trustee shall transmit by mail to Holders a brief report dated as of such May 15 that
complies with Section 313(a) of the Trust Indenture Act. The Trustee shall comply with Section 313(b) of the Trust Indenture Act. The
Trustee shall transmit by mail all reports as required by Sections 313(c) and 313(d) of the Trust Indenture Act.


 


(b) A copy of each report
pursuant to Subsection (a) of this Section 703 shall, at the time of its transmission to Holders, be filed by the Trustee with each stock
exchange upon which any Securities are listed, with the SEC and with the Company. The Company will notify the Trustee when any Securities
are listed or delisted on any stock exchange.


     


SECTION 704. REPORTS BY COMPANY.


 


The Company shall file with
the Trustee, within 15 days after the Company is required to file the same 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 from time to time by rules and regulations
prescribe) which the Company may be required to file with the SEC pursuant to Section 13 or Section 15(d) of the Securities Exchange Act
of 1934, as amended, and shall otherwise comply with Section 314(a) of the Trust Indenture Act.


 


Delivery of such reports,
information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute
constructive notice of any information contained therein or determinable from information contained therein, including the Company’s
compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates).


 


ARTICLE VIII


 


CONSOLIDATION, MERGER, CONVEYANCE,


TRANSFER OR LEASE


 


SECTION 801. COMPANY MAY CONSOLIDATE, ETC.,
ONLY ON CERTAIN TERMS.


 


(a) The Company shall not,
directly or indirectly, in any transaction or series of related transactions: (1) consolidate or merge with or into another Person (whether
or not the Company is the surviving corporation); (2) sell, assign, transfer, convey or otherwise dispose of all or substantially all
of the properties or assets of the Company and its Subsidiaries taken as a whole, or (3) assign any of its obligations under the Securities
and this Indenture, in one or more related transactions, to another Person; unless:


  


(i) either: (A)
the Company is the surviving corporation; or (B) the Person formed by or surviving any such consolidation or merger (if other than the
Company) or to which such sale, assignment, transfer, conveyance or other disposition shall have been made is a corporation organized
or existing under the laws of the United States, any state thereof or the District of Columbia;


 


 


 


 






    	 	44	 



     


    

 


(ii) the Person
formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which such sale, assignment, transfer,
conveyance or other disposition shall have been made assumes all the obligations of the Company under the Securities and this Indenture
pursuant to agreements reasonably satisfactory to the Trustee;


 


(iii) immediately
after such transaction no Default or Event of Default exists;


 


(iv) the Company
shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such merger, consolidation
or sale, assignment, transfer, conveyance or other disposition of such properties or assets or assignment of its obligations under the
Securities and this Indenture and such supplemental indenture, if any, comply with this Indenture.


 


(b) The Company shall not,
directly or indirectly, lease all or substantially all of its properties or assets, in one or more related transactions, to any other
Person.


 


(c) Notwithstanding the foregoing,
this Section 801 shall not apply to a sale, assignment, transfer, conveyance or other disposition of assets between or among the Company
and any of its Wholly Owned Subsidiaries.


    


SECTION 802. SUCCESSOR PERSON SUBSTITUTED.


 


Upon any consolidation or
merger, any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets of the Company,
or any assignment of the obligations under the Securities and this Indenture in accordance with Section 801 hereof, the successor corporation
formed by such consolidation or into or with 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 (so that from and after the date of such consolidation, merger,
sale, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead
to the successor corporation and not to the Company), and may exercise every right and power of the Company under this Indenture with
the same effect as if such successor Person had been named as the Company herein; provided, however, that the predecessor
Company shall not be relieved from the obligation to pay the principal of and interest on the Securities except in the case of a sale
of all of the Company’s assets that meets the requirements of Section 801 hereof.


 


ARTICLE IX


 


SUPPLEMENTAL INDENTURES


 


SECTION 901. WITHOUT CONSENT OF HOLDERS.


 


Notwithstanding Section 902
of this Indenture, the Company and the Trustee may amend or supplement this Indenture or the Securities of any series without the consent
of any Holder of a Security of any series:


 


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


 


(b) to provide for
uncertificated Securities in addition to or in place of certificated Securities or to alter the provisions of Article II of this Indenture
(including the related definitions) in a manner that does not materially adversely affect any Holder;


 


(c) to establish
the form or terms of Securities of any series as permitted by Sections 201 and 301 of this Indenture;


 


 


 


 






    	 	45	 



     


    

 


(d) to provide for
the assumption of the Company’s or any Guarantor’s obligations to the Holders of the Securities by a successor to the Company
pursuant to Article VIII of this Indenture;


 


(e) to make any
change that would provide any additional rights or benefits to the Holders of the Securities or that does not adversely affect the legal
rights hereunder of any such Holder;


 


(f) to comply with
requirements of the SEC in order to effect or maintain the qualification of this Indenture under the Trust Indenture Act;


 


(g) to evidence
and provide the acceptance of the appointment of a successor Trustee pursuant to Sections 610 and 611 of this Indenture; and


 


(h) to add a Guarantor
of the Securities.


 


Upon the request of the Company
accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or supplemental indenture, and upon
receipt by the Trustee of the documents described in Section 603 of this Indenture, the Trustee shall join with the Company in the execution
of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements
and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into such amended or supplemental indenture
that affects its own rights, duties or immunities under this Indenture or otherwise.


 


SECTION 902. WITH CONSENT OF HOLDERS.


 


Except as provided below in
this Section 902, the Company and the Trustee may amend or supplement this Indenture and the Securities of any series may be amended or
supplemented with the consent of the Holders of at least a majority in aggregate principal amount at maturity of Securities of that series
then Outstanding voting as a single class (including, without limitation, consents obtained in connection with a purchase of, or tender
offer or exchange offer for, that series of Securities), and, subject to Sections 504 and 507 hereof, any existing Default or Event of
Default (other than a Default or Event of Default in the payment of the principal of, premium, if any, and interest, if any, on such Securities,
except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture or
such Securities may be waived with the consent of the Holders of a majority in aggregate principal amount at maturity of the then Outstanding
Securities of that series voting as a single class (including without limitation, consents obtained in connection with a purchase of,
or tender offer or exchange offer for, that series of Securities).


     


Upon the request of the Company
accompanied by a Board Resolution authorizing the execution of any such amended or supplemental indenture, and upon the filing with the
Trustee of evidence satisfactory to the Trustee of the consent of the Holders of that series of Securities as aforesaid, and upon receipt
by the Trustee of the documents described in Section 603 of this Indenture, the Trustee shall join with the Company in the execution of
such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to,
enter into such amended or supplemental indenture.


 


It shall not be necessary
for the consent of the Holders of Securities under this Section 902 to approve the particular form of any proposed amendment or waiver,
but it shall be sufficient if such consent approves the substance thereof.


 


After an amendment, supplement
or waiver under this Section becomes effective, the Company shall mail to the Holders of Securities of any series affected thereby a notice
briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not,
however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver.


 


 


 


 






    	 	46	 



     


    

 


Subject to Sections 504 and
507 hereof, the Holders of a majority in aggregate principal amount at maturity of a series of Securities then Outstanding voting as a
single class may waive compliance in a particular instance by the Company with any provision of this Indenture or the Securities. However,
without the consent of each Holder of a series of Securities affected, an amendment or waiver under this Section 902 may not (with respect
to the series of Securities held by a non-consenting Holder):


 


(a) reduce the principal
amount of the then Outstanding Securities whose Holders must consent to an amendment, supplement or waiver;


 


(b) reduce the principal
of or change the fixed maturity of any Security or alter any of the provisions with respect to the redemption of the Securities unless
otherwise specifically provided for in the supplemental indenture;


 


(c) reduce the rate
of or change the time for payment of interest on any Security;


 


(d) waive a Default
or Event of Default in the payment of principal of, or interest or premium, if any, on the Securities (except a rescission of acceleration
of the Securities by the Holders of any series of Securities of at least a majority in aggregate principal amount of the then Outstanding
Securities of that series and a waiver of the payment default that resulted from such acceleration);


 


(e) make any Security
payable in money other than that stated in the Security;


 


(f) make any change
in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders of Securities to receive payments of
principal of, or interest or premium, if any, on the Securities;


 


(g) waive a redemption
payment with respect to any Security (other than as may be specifically permitted by the supplemental indenture);


 


(h) cause the Securities
to become subordinated in right of payment to any other Indebtedness;


     


(i) release any
Guarantor from any of its obligations under its Guarantee or this Indenture, except in accordance with the terms thereof; or


 


(j) make any change
in Sections 504 or 507 or the foregoing amendment and waiver provisions.


 


SECTION 903. COMPLIANCE WITH TRUST INDENTURE
ACT.


 


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


 


SECTION 904. REVOCATION AND EFFECT OF CONSENTS.


 


Until an amendment, supplement
or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder of a Security 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. However, any such Holder of a Security or subsequent Holder of a Security may revoke the consent
as to its Security if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective.
An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder.


 


 


 


 






    	 	47	 



     


    

 


SECTION 905. NOTATION ON OR EXCHANGE OF SECURITIES.


 


The Trustee may place an appropriate
notation about an amendment, supplement or waiver on any Security thereafter authenticated. The Company in exchange for all Securities
of a series may issue and the Trustee shall, upon receipt of a written order from the Company to authenticate such Securities, authenticate
new Securities that reflect the amendment, supplement or waiver.


 


SECTION 906. TRUSTEE TO SIGN AMENDMENTS, ETC.


 


The Trustee shall sign any
amended or supplemental indenture authorized pursuant to this Article IX if the amendment or supplement does not adversely affect the
rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amendment or supplemental indenture until the Board
of Directors approves it. In executing any amended or supplemental indenture, the Trustee shall be given and (subject to Section 601 of
this Indenture) shall be fully protected in relying upon, in addition to the documents required by Section 603 this Indenture, an Officer’s
Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized or permitted
by this Indenture.


 


ARTICLE X


 


COVENANTS


 


SECTION 1001. PAYMENT OF PRINCIPAL, PREMIUM
AND INTEREST.


 


The Company covenants and
agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of (and premium, if any), interest
on and any Additional Amounts with respect to the Securities of that series in accordance with the terms of the Securities and this Indenture.


 


SECTION 1002. MAINTENANCE OF OFFICE OR AGENCY.


 


If Securities of a series
are issuable only as Registered Securities, the Company will maintain in each Place of Payment for any series of Securities an office
or agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered
for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that series
and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location,
of 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 of one or more series may be presented or surrendered
for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation
or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for Securities
of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and
of any change in the location of any such other office or agency.


 


SECTION 1003. MONEY FOR SECURITIES PAYMENTS
TO BE HELD IN TRUST.


 


If the Company shall at any
time act as its own Paying Agent with respect to any series of Securities, it will, on or before each due date of the principal of (and
premium, if any) or interest on or any Additional Amounts with respect to any of the Securities of that series, segregate and hold in
trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming
due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of
its action or failure so to act.


 


 


 


 






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Whenever the Company shall
have one or more Paying Agents for any series of Securities, the Company will, on or before each due date of the principal of (and premium,
if any) or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay the principal (and premium,
if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or
interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act.


 


The Company will cause each
Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying
Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will:


 


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


 


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


 


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


 


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


 


Any money deposited with the
Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any) or interest
on any Security of any series and remaining unclaimed for three years after such principal (and premium, if any) or interest has become
due and payable shall, unless otherwise required by mandatory provisions of applicable escheat, or abandoned or unclaimed property law,
be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such
Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee
or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided,
however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company
cause to be published once, in an Authorized Newspaper in the Borough of Manhattan, the City of New York and in such other Authorized
Newspapers as the Trustee shall deem appropriate, notice that such money remains unclaimed and that, after a date specified herein, which
shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will, unless otherwise
required by mandatory provisions of applicable escheat, or abandoned or unclaimed property law, be repaid to the Company.


     


SECTION 1004. EXISTENCE.


 


Subject to Article VIII, the
Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence.


 


 


 


 






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SECTION 1005. STATEMENT BY OFFICERS AS TO DEFAULT.


 


The Company shall deliver
to the Trustee, within 120 days after the end of each fiscal year, an Officers’ Certificate stating that a review of the activities
of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing officers with
a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further
stating, as to each such officer signing such certificate, that to the best of his or her knowledge the Company has kept, observed, performed
and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the
terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults
or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto)
and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of
the principal of or interest, if any, on the Securities is prohibited or if such event has occurred, a description of the event and what
action the Company is taking or proposes to take with respect thereto.


 


The Company shall, so long
as any of the Securities are outstanding, deliver to the Trustee, forthwith and in any event within five days upon any officer becoming
aware of any Default or Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default,
an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with
respect thereto.


 


SECTION 1006. WAIVER OF CERTAIN COVENANTS.


 


The Company may omit in any
particular instance to comply with any covenant or condition set forth in Section 1005, or any covenant added for the benefit of any series
of Securities as contemplated by Section 301 (unless otherwise specified pursuant to Section 301) if before or after the time for such
compliance the Holders of a majority in principal amount of the Outstanding Securities of all series affected by such omission (acting
as one class) shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such covenant
or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until
such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition
shall remain in full force and effect.


 


SECTION 1007. ADDITIONAL AMOUNTS.


 


If the Securities of a series
expressly provide for the payment of Additional Amounts, the Company will pay to the Holder of any Security of such series Additional
Amounts as expressly provided therein. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of
or any premium or interest on, or in respect of, any Security of any series or the net proceeds received from the sale or exchange of
any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this
Section 1007 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to the
provisions of this Section 1007 and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall
not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made.


     


If the Securities of a series
provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to that series of
Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal
and any premium is made), and at least 10 days prior to each date of payment of principal and any premium or interest if there has been
any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company shall furnish the Trustee
and the Company’s principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing
the Trustee and such Paying Agent or Paying Agents whether such payment of principal of and any premium or interest on the Securities
of that series shall be made to Holders of Securities of that series who are United States Aliens without withholding for or on account
of any tax, assessment or other governmental charge described in the Securities of that series. If any such withholding shall be required,
then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders
of Securities and the Company will pay to such Paying Agent the Additional Amounts required by this Section. The Company covenants to
indemnify the Trustee and any Paying Agent for, and to hold them harmless against any loss, liability or expense reasonably incurred without
negligence or willful misconduct on their part arising out of or in connection with actions taken or omitted by any of them in reliance
on any Officers’ Certificate furnished pursuant to this Section 1007.


 


 


 






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ARTICLE XI


 


REDEMPTION OF SECURITIES


 


SECTION 1101. APPLICABILITY OF ARTICLE.


 


Securities of any series which
are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated
by Section 301 for Securities of any series) in accordance with this Article.


 


SECTION 1102. ELECTION TO REDEEM; NOTICE TO
TRUSTEE.


 


The election of the Company
to redeem any Securities shall be evidenced by a Board Resolution. In case of any redemption at the election of the Company of less than
all the Securities of any series, the Company shall, a reasonable period prior to the Redemption Date fixed by the Company (unless a shorter
notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of
such series to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption
provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’
Certificate evidencing compliance with such restriction.


 


SECTION 1103. SELECTION BY TRUSTEE OF SECURITIES
TO BE REDEEMED.


 


If less than all the Securities
of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption
Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee
shall deem fair and appropriate and that may provide for the selection for redemption of portions (equal to the minimum authorized denomination
for Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination
larger than the minimum authorized denomination for Securities of that series or of the principal amount of global Securities of such
series.


 


The Trustee shall promptly
notify the Company and the Security Registrar in writing of the Securities selected for redemption and, in the case of any Securities
selected for partial redemption, the principal amount thereof to be redeemed.


 


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


     


SECTION 1104. NOTICE OF REDEMPTION.


 


Notice of redemption shall
be given in the manner provided in Section 107 to each Holder of Securities to be redeemed not less than 30 nor more than 60 days prior
to the Redemption Date.


 


All notices of redemption
shall state:


 


(1) the Redemption
Date,


 


(2) the Redemption
Price,


 


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


 


 


 


 






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


 


(5) the place or
places where such Securities are to be surrendered for payment of the Redemption Price,


 


(6) that the redemption
is for a sinking fund, if such is the case, and


 


(7) the “CUSIP”
number, if applicable.


 


A notice of redemption as
contemplated by Section 107 need not identify particular Registered Securities to be redeemed. Notice of redemption of Securities to be
redeemed at the election of the Company shall be given by the Company or, at the Company’s request and provision to the Trustee
of the notice information 10 days prior to delivery of the notice, by the Trustee in the name and at the expense of the Company.


 


SECTION 1105. DEPOSIT OF REDEMPTION PRICE.


 


On or before 10:00 a.m., New
York City time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting
as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption
Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on and any Additional Amounts with respect
to all the Securities to be redeemed on that date.


 


SECTION 1106. SECURITIES PAYABLE ON REDEMPTION
DATE.


 


Notice of redemption having
been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price
therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest)
such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such
Security shall be paid by the Company at the Redemption Price, together with accrued interest (and any Additional Amounts) to the Redemption
Date; provided, however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date shall
be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the
relevant Record Dates according to their terms and the provisions of Section 307.


 


If any Security called for
redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest
from the Redemption Date at the rate prescribed therefor in the Security or, in the case of Original Issue Discount Securities, the Securities’
Yield to Maturity.


 


SECTION 1107. SECURITIES REDEEMED IN PART.


 


Any Registered Security which
is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due
endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof
or his attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder
of such Security without service charge, a new Registered Security or Securities of the same series and Stated Maturity, of any authorized
denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal
of the Security so surrendered.


     


 


 


 






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SECTION 1108. PURCHASE OF SECURITIES.


 


Unless otherwise specified
as contemplated by Section 301, the Company and any Affiliate of the Company may at any time purchase or otherwise acquire Securities
in the open market or by private agreement. Such acquisition shall not operate as or be deemed for any purpose to be a redemption of the
indebtedness represented by such Securities. Any Securities purchased or acquired by the Company may be delivered to the Trustee and,
upon such delivery, the indebtedness represented thereby shall be deemed to be satisfied. Section 309 shall apply to all Securities so
delivered.


 


ARTICLE XII


 


SINKING FUNDS


 


SECTION 1201. APPLICABILITY OF ARTICLE.


 


The provisions of this Article
shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by
Section 301 for Securities of such series.


 


The minimum amount of any
sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,”
and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional
sinking fund payment.” Unless otherwise provided by the terms of Securities of any series, the cash amount of any sinking fund payment
may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of
any series as provided for by the terms of Securities of such series.


 


SECTION 1202. SATISFACTION OF SINKING FUND
PAYMENTS WITH SECURITIES.


 


The Company (1) may deliver
Outstanding Securities of a series (other than any previously called for redemption), and (2) may apply as a credit Securities of a series
which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of
permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of
any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as
provided for by the terms of such series; provided that such Securities have not been previously so credited. Such Securities shall
be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation
of the sinking fund and the amount of such sinking payment shall be reduced accordingly.


 


SECTION 1203. REDEMPTION OF SECURITIES FOR
SINKING FUND.


 


Not less than 45 days prior
(unless a shorter period shall be satisfactory to the Trustee) to each sinking fund payment date for any series of Securities, the Company
will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof,
if any, which is to be satisfied by delivery of or by crediting Securities of that series pursuant to Section 1202 and will also deliver
to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee shall select
the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice of the redemption
thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly
given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107.


     


 


 


 






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ARTICLE XIII


 


MEETINGS OF HOLDERS OF SECURITIES


 


SECTION 1301. PURPOSES FOR WHICH MEETINGS MAY
BE CALLED.


 


A meeting of Holders of Securities
of any or all series may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand,
authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of
Securities of such series.


 


SECTION 1302. CALL, NOTICE AND PLACE OF MEETINGS.


 


(a) The Trustee may at any
time call a meeting of Holders of Securities of any series for any purpose specified in Section 1301, to be held at such time and at such
place in the Borough of Manhattan, the City of New York, or in any other location, as the Trustee shall determine. Notice of every meeting
of Holders of Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed
to be taken at such meeting, shall be given, in the manner provided in Section 107, not less than 20 nor more than 180 days prior to the
date fixed for the meeting.


 


(b) In case at any time the
Company, pursuant to a Board Resolution, or the Holders of at least 10% in aggregate principal amount of the Outstanding Securities of
any series, shall have requested the Trustee for any such series to call a meeting of the Holders of Securities of such series for any
purpose specified in Section 1301, by written request setting forth in reasonable detail the action proposed to be taken at the meeting,
and the Trustee shall not have made the first publication of the notice of such meeting within 30 days after receipt of such request or
shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such
series in the amount above specified, as the case may be, may determine the time and the place in the Borough of Manhattan, the City of
New York for such meeting and may call such meeting for such purposes by giving notice thereof as provided in Subsection (a) of this Section.


 


SECTION 1303. PERSONS ENTITLED TO VOTE AT MEETINGS.


 


To be entitled to vote at
any meeting of Holders of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Securities of such series,
or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series
by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of
any series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel
and any representatives of the Company and its counsel.


 


SECTION 1304. QUORUM; ACTION.


 


The Persons entitled to vote
a majority in aggregate principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders
of Securities of such series. In the absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting shall,
if convened at the request of Holders of Securities of such series, be dissolved. In any other case, the meeting may be adjourned for
a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence
of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as determined
by the chairman of the meeting prior to the adjournment of such adjourned meeting. Subject to Section 1305(d), notice of the reconvening
of any adjourned meeting shall be given as provided in Section 1302(a), except that such notice need be given only once not less than
five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall
state expressly that Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series shall constitute
a quorum.


  


 


 


 






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Except as limited by the proviso
to Section 902, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may
be adopted by the affirmative vote of the Holders of a majority in aggregate principal amount of the Outstanding Securities of that series;
provided, however, that, except as limited by the proviso to Section 902, any resolution with respect to any request, demand,
authorization, direction, notice, consent or waiver which this Indenture expressly provides may be made, given or taken by the Holders
of a specified percentage that is less than a majority in aggregate principal amount of the Outstanding Securities of a series may be
adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of
the Holders of such specified percentage in aggregate principal amount of the Outstanding Securities of that series.


 


Except as limited by the fourth
paragraph of Section 902, any resolution passed or decision taken at any meeting of Holders of Securities of any series duly held in accordance
with this Section shall be binding on all the Holders of Securities of such series, whether or not present or represented at the meeting.


     


SECTION 1305. DETERMINATION OF VOTING RIGHTS;
CONDUCT AND ADJOURNMENT OF MEETINGS.


 


(a) The holding of Securities
shall be proved in the manner specified in Section 105 and the appointment of any proxy shall be proved in the manner specified in Section
105. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine
without the proof specified in Section 105 or other proof.


 


(b) The Trustee shall, by
an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by
Holders of Securities as provided in Section 1302(b), in which case the Company or the Holders of Securities of the series calling the
meeting, as the case may be, shall appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be
elected by vote of the Persons entitled to vote a majority in aggregate principal amount of the Outstanding Securities of such series
represented at the meeting.


 


(c) At any meeting each Holder
of a Security of such series and each proxy shall be entitled to one vote for each $1,000 principal amount (or such other amount of the
minimum denomination of any series of Securities as may be provided in the establishment of such series as contemplated by Section 301
hereof) of the Outstanding Securities of such series held or represented by him; provided, however, that no vote shall be
cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be
not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or as a proxy.


 


(d) Any meeting of Holders
of Securities of any series duly called pursuant to Section 1302 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote a majority in aggregate principal amount of the Outstanding Securities of such series represented at the meeting; and
the meeting may be held as so adjourned without further notice.


 


SECTION 1306. COUNTING VOTES AND RECORDING
ACTION OF MEETINGS.


 


The vote upon any resolution
submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures
of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding
Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who
shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting
their verified written reports in duplicate of all votes cast at the meeting. A record, at least in duplicate, of the proceedings of each
meeting of Holders of Securities of any series shall be prepared by the secretary of the meeting and there shall be attached to such record
the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge
of the facts setting forth a copy of the notice of the meeting and showing that such notice was given as provided in Section 1302 and,
if applicable, Section 1304. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting
and one such copy shall be delivered to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached
thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated.


 


* * *


 


This instrument may be executed
in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute
but one and the same instrument.


 


[Signatures on following page]


 


   



    	 	55	 



     


    

 


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


 


	 	DARKPULSE, INC.  	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
	 	___________________, as Trustee  	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 


  


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 






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