Indenture



 Exhibit 4.2 
  
  
 GMAC LLC 
 and 
 THE BANK OF NEW YORK MELLON, 

Trustee 
  
  
 INDENTURE 
 Dated as of December 31, 2008 
  
  
  
  







 CROSS-REFERENCE SHEET* 
 between 
 Provisions of Sections 310 through 318(a) of the Trust Indenture Act of 1939 and the within
Indenture between GMAC LLC and The Bank of New York Mellon, Trustee: 
  

			
	 Section of Act
	  	 Section of Indenture

	 310(a)(1) and(2)
	  	7.09
	 310(a)(3) and (4)
	  	Not applicable
	 310(b)
	  	7.08 and 7.10(b)
	 310(c)
	  	Not applicable
	 311(a) and (b)
	  	7.13
	 311(c)
	  	Not applicable
	 312(a)
	  	5.01 and 5.02(a)
	 312(b) and (c)
	  	5.02(b) and (c)
	 313(a)
	  	5.04(a)
	 313(b)(1)
	  	Not applicable
	 313(b)(2)
	  	5.04(b)
	 313(c)
	  	5.04(c)
	 313(d)
	  	5.04(d)
	 314(a)
	  	5.03
	 314(b)
	  	Not applicable
	 314(c)(1) and (2)
	  	15.04
	 314(c)(3)
	  	Not applicable
	 314(d)
	  	Not applicable
	 314(e)
	  	15.04
	 314(f)
	  	Not applicable
	 315(a), (c) and (d)
	  	7.01
	 315(b)
	  	6.07
	 315(e)
	  	6.08
	 316(a)(1)
	  	6.01 and 6.06
	 316(a)(2)
	  	Not applicable
	 316(a) last sentence
	  	8.04
	 316(b)
	  	6.04
	 317(a)
	  	6.02
	 317(b)
	  	4.03
	 318(a)
	  	15.06

  

	*	This Cross-Reference Sheet is not part of the Indenture. 








 TABLE OF CONTENTS 
  


					
	 	  	 	  	Page
	ARTICLE ONE	  	
		
	DEFINITIONS	  	
	 SECTION 1.01.
	  	Definitions	  	1
		
	ARTICLE TWO	  	
		
	ISSUE, EXECUTION, REGISTRATION AND	  	
	EXCHANGE OF SECURITIES	  	
			
	 SECTION 2.01.
	  	Amount Unlimited; Issuable in Series	  	6
	 SECTION 2.02.
	  	Form of Trustee’s Certificate of Authentication	  	7
	 SECTION 2.03.
	  	Form and Delivery of Securities	  	7
	 SECTION 2.04.
	  	Denominations; Record Date	  	9
	 SECTION 2.05.
	  	Execution of Securities	  	9
	 SECTION 2.06.
	  	Exchange and Registration of Transfer of Securities	  	10
	 SECTION 2.07.
	  	Temporary Securities	  	11
	 SECTION 2.08.
	  	Mutilated, Destroyed, Lost or Stolen Securities	  	12
	 SECTION 2.09.
	  	Cancellation	  	12
	 SECTION 2.10.
	  	Form of Legend on Restricted Securities	  	12
	 SECTION 2.11.
	  	Exchange Offer	  	14
	 SECTION 2.12.
	  	CUSIP Numbers	  	14
		
	ARTICLE THREE	  	
		
	REDEMPTION OF SECURITIES	  	
			
	 SECTION 3.01.
	  	Redemption of Securities; Applicability of Section	  	14
	 SECTION 3.02.
	  	Notice of Redemption; Selection of Securities	  	14
	 SECTION 3.03.
	  	Payment of Securities Called for Redemption	  	15
		
	ARTICLE FOUR	  	
		
	COVENANTS OF THE COMPANY	  	
			
	 SECTION 4.01.
	  	Payment of Principal, Premium and Interest	  	16
	 SECTION 4.02.
	  	Offices for Notices and Payments, etc.	  	16
	 SECTION 4.03.
	  	Provisions as to Paying Agent	  	16
	 SECTION 4.04.
	  	Certificate to Trustee	  	17

  

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	 	  	 	  	Page
	ARTICLE FIVE	  	
		
	SECURITYHOLDER LISTS AND REPORTS BY	  	
	THE COMPANY AND THE TRUSTEE	  	
			
	 SECTION 5.01.
	  	Securityholder Lists	  	17
	 SECTION 5.02.
	  	Preservation and Disclosure of Lists	  	18
	 SECTION 5.03.
	  	Reports by the Company	  	19
	 SECTION 5.04.
	  	Reports by the Trustee	  	20
		
	ARTICLE SIX	  	
		
	REMEDIES ON DEFAULT	  	
			
	 SECTION 6.01.
	  	Events of Default	  	21
	 SECTION 6.02.
	  	Payment of Securities on Default; Suit Therefor	  	23
	 SECTION 6.03.
	  	Application of Moneys Collected by Trustee	  	24
	 SECTION 6.04.
	  	Proceedings by Securityholders	  	25
	 SECTION 6.05.
	  	Remedies Cumulative and Continuing	  	26
	 SECTION 6.06.
	  	Direction of Proceedings	  	26
	 SECTION 6.07.
	  	Notice of Defaults	  	26
	 SECTION 6.08.
	  	Undertaking to Pay Costs	  	26
		
	ARTICLE SEVEN	  	
		
	CONCERNING THE TRUSTEE	  	
			
	 SECTION 7.01.
	  	Duties and Responsibilities of Trustee	  	27
	 SECTION 7.02.
	  	Reliance on Documents, Opinions, etc.	  	28
	 SECTION 7.03.
	  	No Responsibility for Recitals, etc.	  	30
	 SECTION 7.04.
	  	Ownership of Securities	  	30
	 SECTION 7.05.
	  	Moneys to be Held in Trust	  	30
	 SECTION 7.06.
	  	Compensation and Expenses of Trustee	  	30
	 SECTION 7.07.
	  	Officers’ Certificate as Evidence	  	31
	 SECTION 7.08.
	  	Conflicting Interest of Trustee	  	31
	 SECTION 7.09.
	  	Eligibility of Trustee	  	31
	 SECTION 7.10.
	  	Resignation or Removal of Trustee	  	31
	 SECTION 7.11.
	  	Acceptance by Successor Trustee	  	33
	 SECTION 7.12.
	  	Successor by Merger, etc.	  	34
	 SECTION 7.13.
	  	Limitation on Rights of Trustee as a Creditor	  	34
		
	ARTICLE EIGHT	  	
		
	CONCERNING THE SECURITYHOLDERS	  	
			
	 SECTION 8.01.
	  	Action by Securityholders	  	34

  

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	 	  	 	  	Page
	 SECTION 8.02.
	  	Proof of Execution by Securityholders	  	34
	 SECTION 8.03.
	  	Who Are Deemed Absolute Owners	  	35
	 SECTION 8.04.
	  	Company-Owned Securities Disregarded	  	35
	 SECTION 8.05.
	  	Revocation of Consents; Future Securityholders Bound	  	35
		
	ARTICLE NINE	  	
		
	SECURITYHOLDERS’ MEETINGS	  	
			
	 SECTION 9.01.
	  	Purposes of Meetings	  	36
	 SECTION 9.02.
	  	Call of Meetings by Trustee	  	36
	 SECTION 9.03.
	  	Call of Meetings by Company or Securityholders	  	36
	 SECTION 9.04.
	  	Qualification for Voting	  	37
	 SECTION 9.05.
	  	Regulations	  	37
	 SECTION 9.06.
	  	Voting	  	37
		
	ARTICLE TEN	  	
		
	SUPPLEMENTAL INDENTURES	  	
			
	 SECTION 10.01.
	  	Supplemental Indentures without Consent of Securityholders	  	38
	 SECTION 10.02.
	  	Supplemental Indentures with Consent of Securityholder	  	39
	 SECTION 10.03.
	  	Compliance with Trust Indenture Act; Effect of Supplemental Indentures	  	39
	 SECTION 10.04.
	  	Notation on Securities	  	40
		
	ARTICLE ELEVEN	  	
		
	CONSOLIDATION, MERGER, SALE OR CONVEYANCE	  	
			
	 SECTION 11.01.
	  	Company May Consolidate, etc., on Certain Terms	  	40
	 SECTION 11.02.
	  	Securities to be Secured in Certain Events	  	40
	 SECTION 11.03.
	  	Opinion of Counsel to be given Trustee	  	41
		
	ARTICLE TWELVE	  	
		
	SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS	  	
			
	 SECTION 12.01.
	  	Discharge of Indenture	  	41
	 SECTION 12.02.
	  	Deposited Moneys to be held in Trust by Trustee	  	41
	 SECTION 12.03.
	  	Paying Agent to Repay Moneys Held	  	41
	 SECTION 12.04.
	  	Return of Unclaimed Moneys	  	42

  

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	 	  	 	  	Page
	ARTICLE THIRTEEN	  	
		
	IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	  	
			
	 SECTION 13.01.
	  	Indenture and Securities Solely Corporate Obligations	  	42
		
	ARTICLE FOURTEEN	  	
		
	SUBORDINATION OF SECURITIES	  	
			
	 SECTION 14.01.
	  	Securities Subordinate to Senior Indebtedness	  	42
	 SECTION 14.02.
	  	Payment Over of Proceeds Upon Dissolution, etc.	  	42
	 SECTION 14.03.
	  	Prior Payment to Senior Indebtedness Upon Acceleration of Securities	  	43
	 SECTION 14.04.
	  	No Payment When Senior Indebtedness in Default	  	44
	 SECTION 14.05.
	  	Payment Permitted in Certain Situations	  	44
	 SECTION 14.06.
	  	Subrogation to Rights of Holders of Senior Indebtedness	  	45
	 SECTION 14.07.
	  	Provisions Solely to Define Relative Rights	  	45
	 SECTION 14.08.
	  	Trustee to Effectuate Subordination	  	45
	 SECTION 14.09.
	  	Reliance; No Waiver of Subordination Provisions	  	45
	 SECTION 14.10.
	  	Notice to Trustee	  	46
	 SECTION 14.11.
	  	Reliance on Judicial Order or Certificate of Liquidating Agent	  	46
	 SECTION 14.12.
	  	Trustee Not Fiduciary for Holders of Senior Indebtedness or Entitled Persons	  	47
	 SECTION 14.13.
	  	Rights of Trustee as Holder of Senior Indebtedness or Entitled Person; Preservation of Trustee’s Rights	  	47
	 SECTION 14.14.
	  	Article Applicable to Paying Agents	  	47
		
	ARTICLE FIFTEEN	  	
		
	MISCELLANEOUS PROVISIONS	  	
			
	 SECTION 15.01.
	  	Benefits of Indenture Restricted to Parties and Securityholders	  	47
	 SECTION 15.02.
	  	Provisions Binding on Company’s Successors	  	48
	 SECTION 15.03.
	  	Addresses for Notices, etc.	  	48
	 SECTION 15.04.
	  	Evidence of Compliance with Conditions Precedent	  	48
	 SECTION 15.05.
	  	Legal Holidays	  	48
	 SECTION 15.06.
	  	Trust Indenture Act to Control	  	48
	 SECTION 15.07.
	  	Execution in Counterparts	  	49
	 SECTION 15.08.
	  	New York Contract	  	49
	 SECTION 15.09.
	  	Securities in a Foreign Currency	  	49
	 SECTION 15.10.
	  	Judgment Currency	  	49
	 SECTION 15.11.
	  	Effect of Headings and Table of Contents	  	50
	 SECTION 15.12.
	  	Severability Clause	  	50
	 SECTION 15.13.
	  	Waiver of Jury Trial	  	50
	 SECTION 15.14.
	  	Force Majeure	  	50

  

 -iv- 








 EXHIBITS 
 EXHIBIT A FORM OF NOTE 
  

 -v- 








 THIS INDENTURE, dated as of the 31st day of December, 2008 between GMAC LLC, a limited liability company
duly organized and existing under the laws of the State of Delaware (hereinafter sometimes called the “Company”), party of the first part, and THE BANK OF NEW YORK MELLON, a corporation duly organized and existing under the laws of
the State of New York (hereinafter sometimes called the “Trustee,” which term shall include any successor trustee appointed pursuant to Article Seven), party of the second part. 
 WITNESSETH: 
 WHEREAS, the Company has duly
authorized the creation of an issue of $482,923,000 aggregate principal amount of 8.00% Subordinated Notes due 2018 (the “Initial Securities”); and 
 WHEREAS, the Company represents that all acts and things necessary to constitute these presents a valid indenture and agreement according to its terms, have been done and performed, and the execution of this Indenture
has in all respects been duly authorized, and the Company, in the exercise of legal right and power in it vested, is executing this Indenture; 
 NOW, THEREFORE: 
 In order to declare the terms and conditions upon which the Securities (as defined below) are authenticated,
issued and received, and in consideration of the premises, of the purchase and acceptance of the Securities by the Holders (as defined below) thereof and of the sum of one dollar, to it duly paid by the Trustee at the execution of these presents,
the receipt whereof is hereby acknowledged, the Company covenants and agrees with the Trustee, for the equal and proportionate benefit of the respective Holders from time to time of the Securities, as follows: 
 ARTICLE ONE 
 DEFINITIONS 
 SECTION 1.01. Definitions. The terms defined in this Section (except as herein otherwise expressly provided or unless the context otherwise
requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section. All other terms used in this Indenture which are defined in the Trust Indenture Act of 1939 or which
are by reference therein defined in the Securities Act of 1933, as amended, shall have the meanings (except as herein otherwise expressly provided or unless the context otherwise requires) assigned to such terms in said Trust Indenture Act and in
said Securities Act as in force at the date of this Indenture as originally executed. 
 Additional Securities: 
 The term “Additional Securities” means additional Securities (other than the Initial Securities and other than Exchange Securities issued
in exchange for such Initial Securities) issued from time to time under this Indenture in accordance with Section 2.01. 







 Affiliate: 
 The term “Affiliate” of any specified Person shall mean 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. 
 Board of Directors:

 The term “Board of Directors” shall mean the Board of Directors or the Board of Managers of the Company, as applicable, or
the Executive Committee of the Company. 
 Board Resolution: 
 The term “Board Resolution” shall mean a resolution certified by the Secretary or Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and
effect on the date of such certification, and delivered to the Trustee. 
 Broker-Dealer: 
 The term “Broker-Dealer” has the meaning set forth in the Registration Rights Agreement. 
 Code: 
 The term “Code” shall mean
the Internal Revenue Code of 1986, as amended. 
 Company: 
 The term “Company” shall mean the Person named as the “Company” in the first paragraph of this instrument until a successor corporation shall have become such pursuant to the applicable
provisions of this Indenture, and thereafter “Company” shall mean such successor corporation. 
 Corporate Trust Office: 
 The term “Corporate Trust Office” shall mean the principal office of the Trustee at which at any time its corporate trust business shall be
administered, which office at the date hereof is located at 101 Barclay Street, Floor 8W, New York, New York 10286, Attention: Corporate Trust Administration, or such other address as the Trustee may designate from time to time by notice to the
Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 
  

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 ERISA: 
 The term “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
 Event of Default:

 The term “Event of Default” shall mean any event specified as such in Section 6.01. 
 Exchange Offer: 
 The term “Exchange
Offer” has the meaning set forth in the Registration Rights Agreement. 
 Exchange Offer Registration Statement: 
 The term “Exchange Offer Registration Statement” has the meaning set forth in the Registration Rights Agreement. 
 Exchange Securities: 
 The term “Exchange
Securities” shall mean the Securities issued in the Exchange Offer pursuant to Section 2.11 hereof. 
 Holder: 
 The terms “Holder,” “Holder of Securities,” “securityholder” or other similar term shall mean the
registered holder of any Security. 
 Indenture: 
 The term “Indenture” shall mean 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. 
 Letter of Transmittal: 
 The term “Letter of Transmittal” shall mean the letter of transmittal to be prepared by the Company and sent to all Holders of the Initial Securities for use by such Holders in connection with the Exchange Offer.

 Mandatory Principal Payment Amount 
 The term “Mandatory Principal Payment Amount” shall mean that portion, if any, of the outstanding principal amount of the Initial Securities or Exchange Securities, as applicable, required to be repaid in order for no
Initial Security or Exchange Security, as applicable, to be an “applicable high yield discount obligation” within the meaning of Section 163(i)(1) of the Code. 
  

 -3- 








 Officers’ Certificate: 
 The term “Officers’ Certificate” shall mean a certificate signed by the Chairman of the Board or the President or any Executive Vice President or any Vice President and by the Treasurer or any
Assistant Treasurer or the Secretary or any Assistant Secretary of the Company. 
 Opinion of Counsel: 
 The term “Opinion of Counsel” shall mean an opinion in writing signed by legal counsel, who may be an employee of or counsel to the
Company. 
 Original Issue Discount Securities: 
 The term “Original Issue Discount Securities” shall mean any Securities which are initially sold at a discount from the principal amount thereof and which provide upon Event of Default for declaration of an amount less than
the principal amount thereof to be due and payable upon acceleration thereof. 
 outstanding: 
 The term “outstanding,” when used with reference to Securities, shall, subject to the provisions of Section 7.08 and
Section 8.04, mean, as of any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except: 
 (a) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 
 (b) Securities, or portions thereof, for the payment at or redemption of which moneys in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Company) or shall have been set aside
and segregated in trust by the Company (if the Company shall act as its own paying agent), provided, that if such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as in Article Three
provided, or provision satisfactory to the Trustee shall have been made for giving such notice; and 
 (c) Securities in lieu
of and in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section 2.06, unless proof satisfactory to the Trustee is presented that any such Securities are held by bona fide holders in
due course. 
 Person: 
 The term
“Person” shall mean any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
  

 -4- 








 Plan: 
 The term “Plan” shall mean an employee benefit plan or any other plan subject to Title I of The Employee Retirement Income Security Act of 1974, as amended, or Section 4975 of the Internal Revenue Code of 1986, as
amended, including an individual retirement account or a Keogh plan, a plan subject to provisions under applicable federal, state, local, non-U.S. or other laws or regulations that are similar to the provisions of Title I of The Employee Retirement
Income Security Act of 1974, as amended, or Section 4975 of the Internal Revenue Code of 1986, as amended, and any entity whose underlying assets include “plan assets” by reason of any such employee benefit or retirement plan’s
investment in such entity. 
 record date: 
 The term “record date” as used with respect to any interest payment date shall have the meaning specified in Section 2.04. 
 Registration Rights Agreement: 
 The term “Registration Rights Agreement” shall mean the Registration Rights
Agreement relating to the Initial Securities dated as of the date hereof among the Company and Banc of America Securities LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Barclays Capital, Inc., Credit
Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley Incorporated and Greenwich Capital Markets, Inc., as amended, modified or supplemented from time to time in accordance with the terms thereof. 
 Responsible Officer: 
 The term “Responsible
Officer” when used with respect to the Trustee shall mean any vice president, assistant vice president, assistant treasurer, any trust officer, or any other officer or assistant officer of the Trustee customarily performing functions
similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his knowledge of and familiarity with the particular subject and who shall have direct
responsibility for the administration of this Indenture. 
 Restricted Security: 
 The term “Restricted Security” shall mean the Initial Securities and any Additional Securities of a series which is designated in a Board
Resolution as “Restricted Securities” by reason of such Securities being offered and sold (i) in transactions which are not registered under the Securities Act of 1933, as amended (the “Securities Act”), (ii) in
offshore transactions in reliance on Regulation S under the Securities Act or (iii) in other transactions in which subsequent transfers of such Securities are restricted for any reason. 
 Securities: 
 The term “Securities”
shall mean the Initial Securities, the Exchange Securities and any Additional Securities. 
  

 -5- 








 Senior Indebtedness: 
 The term “Senior Indebtedness” shall mean: 
 (a) all of the Company’s
indebtedness (including indebtedness of others guaranteed by the Company), whether outstanding on the date of this Indenture or thereafter created, incurred or assumed, which is (i) for money borrowed or (ii) evidenced by a note or similar
instrument given in connection with the acquisition of any businesses, properties or assets of any kind; 
 (b) any obligation
incurred or assumed, which is (i) the Company’s obligation under direct credit substitutes (as defined in Appendix A of Section 225 of Title 12 of the Code of Federal Regulations), (ii) an obligation of, or any such obligation,
directly or indirectly guaranteed by, the Company for purchased money or funds, (iii) a deferred obligation of, or any such obligation, directly or indirectly guaranteed by, the Company incurred in connection with the acquisition of any
business, properties or assets not evidenced by a note or similar instrument given in connection therewith or (iv) the Company’s obligation to make payment pursuant to the terms of financial instruments such as (x) securities
contracts and foreign currency exchange contracts, (y) derivative instruments, such as swap agreements (including interest rate and foreign exchange rate swap agreements), cap agreements, floor agreements, collar agreements, interest rate
agreements, foreign exchange rate agreements, options, commodity futures contracts and commodity options contracts and (z) financial instruments similar to those set forth in clauses (x) and (y) above; and 
 (c) any amendments, renewals, extensions or modifications of any such indebtedness or obligation, 
 unless, in any case, in the instrument creating or evidencing any such indebtedness or obligation or pursuant to which the same is outstanding it is provided that such
indebtedness or obligation is not superior in right of payment to the Securities or is to rank pari passu with or subordinate to the Securities. For the avoidance of doubt, the indebtedness represented by the Securities shall not be deemed to
constitute “Senior Indebtedness.” 
 Trust Indenture Act of 1939 or Trust Indenture Act: 
 Except as otherwise provided in Sections 10.01 and 10.02, the terms “Trust Indenture Act of 1939” or “Trust Indenture
Act” shall mean the Trust Indenture Act of 1939 as in force at the date of this Indenture as originally executed. 
 ARTICLE TWO

 ISSUE, EXECUTION, REGISTRATION AND 
 EXCHANGE OF SECURITIES 
 SECTION 2.01. Amount Unlimited; Issuable in Series. Upon the execution of this Indenture, or from
time to time thereafter, Initial Securities in the aggregate principal amount 

  

 -6- 








 
of $482,923,000, Exchange Securities and Additional Securities up to the aggregate principal amount and containing terms and conditions from time to time
authorized by or pursuant to a Board Resolution, may be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Securities to or upon the written order of the Company,
signed by its Chairman of the Board or its President or an Executive Vice President or a Vice President and by its Treasurer or any Assistant Treasurer, without any further action by the Company. 
 The Additional Securities may be issued in one or more series. The aggregate principal amount of Additional Securities of all series which may be
authenticated and delivered and outstanding under this Indenture is not limited. The Additional Securities of a particular series may be issued up to the aggregate principal amount of Additional Securities for such series from time to time
authorized by or pursuant to a Board Resolution. 
 SECTION 2.02. Form of Trustee’s Certificate of Authentication. The
Trustee’s certificate of authentication shall be in the following form: 
 [FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION]

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

 

			
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	  

		 	Authorized Officer
		
	Date:	 	  



 SECTION 2.03. Form and Delivery of Securities. The Initial Securities and the
Exchange Securities shall be substantially in the form of Exhibit A hereto (but for, in the case of Exchange Securities, the Restrictive Legend (as defined below)) and Additional Securities shall be in the forms approved from time to
time by or pursuant to a Board Resolution and may have such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are
not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Securities may be listed, or
to conform to usage. 
 Prior to the delivery of any Security to the Trustee for authentication, the Company shall deliver to the Trustee the
following: 
 (1) The Board Resolution by or pursuant to which the terms of such series and such form of Security has been
approved; 
  

 -7- 








 (2) An Officers’ Certificate concurrently dated stating that all conditions
precedent provided for in this Indenture relating to the authentication and delivery of Securities in such form have been complied with and setting forth (a) the designation of the particular series (which shall distinguish such series from all
other series); (b) the coin or currency in which the Securities of that series are denominated and the aggregate principal amount of the series which may be authenticated and delivered under this Indenture (except for Securities authenticated
and delivered upon registration and transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to this Indenture); (c) the date or dates on which the principal of the Securities of such series is payable;
(d) the rate or rates, or the method to be used in ascertaining the rate or rates, at which the Securities of such series shall bear interest, if any, the date or dates from which such interest shall accrue, the date or dates on which such
interest shall be payable and the record date or dates for the interest payable; (e) the place or places at which the principal of, premium, if any, and interest on the Securities of such series shall be payable; (f) the obligations, if
any, of the Company to redeem or purchase Securities of such series pursuant to any sinking fund thereof or other redemption provisions and the price or prices at which and the terms and conditions upon which Securities of such series shall be
redeemed or purchased; (g) if other than the principal amount thereof, the portion of the principal amount of Securities of such series which shall be payable upon acceleration of the maturity thereof or which the Trustee shall be entitled to
claim pursuant to Section 6.02; (h) if other than denominations of $1,000 and any multiple thereof, the denominations in which Securities of that series shall be issuable; (i) if other than the coin or currency in which the Securities
of that series are denominated, the coin or currency in which payment of the principal of, premium, if any, and/or interest on the Securities of such series shall be payable; (j) if the principal of, premium, if any, or interest on the
Securities of such series are to be payable, at the election of the Company or a Holder thereof, the period or periods within which, and the terms and conditions upon which, such election may be made; (k) if the amount of payment of principal
of, premium, if any, and interest on the Securities of the series may be determined with reference to an index based on a coin or currency other than that in which the Securities of the series are denominated, the manner in which such amounts shall
be determined; and (l) any other terms or provisions of such series which shall not be inconsistent with the provisions of this Indenture; and 
 (3) An Opinion of Counsel stating that (a) the form and terms of such Securities have been established by or pursuant to a Board Resolution in conformity with the terms of this Indenture; (b) Securities in
such form, when completed by appropriate insertions and executed and delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with this Indenture and sold
in the manner specified in such Opinion of Counsel, will be valid and legally binding obligations of the Company; (c) all laws and requirements in respect of the execution and delivery by the Company of the Securities have been complied with
and that authentication and delivery of the Securities by the Trustee will not violate the terms of the Indenture; and (d) such other matters as the Trustee may reasonably request. 
  

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 SECTION 2.04. Denominations; Record Date. The Securities shall be issuable as registered
Securities without coupons in denominations of $1,000 and any multiple of $1,000 or in such other denominations as may be specified in the terms of Securities of any particular series. Every Security shall be dated the date of its authentication and
may be issued at a discount without interest or shall bear interest as set forth in the form of such Security. 
 The term “record
date” as used with respect to an interest payment date for any series shall mean such day or days as shall be specified as contemplated by Section 2.03; provided, however, that in the absence of any such provisions with
respect to any series, such term shall mean the calendar day immediately preceding such interest payment date. 
 The person in whose name
any Security is registered at the close of business on the record date with respect to an interest payment date shall be entitled to receive the interest payable on such interest payment date notwithstanding the cancellation of such Security upon
any transfer or exchange thereof subsequent to such record date and prior to such interest payment date; provided, however, that if and to the extent the Company shall default in the payment of the interest due on such interest payment
date, such defaulted interest shall be paid to the persons in whose names the Securities are registered on a subsequent record date established by notice given by mail by or on behalf of the Company to the Holders of Securities of the series in
default not less than fifteen days preceding such subsequent record date, such record date to be not less than one calendar day immediately preceding the date of payment of such defaulted interest. 
 At the option of the Company interest may be paid by check mailed to the Holders of the Securities entitled thereto at their last addresses as they
appear on the registry books. 
 SECTION 2.05. Execution of Securities. The Securities shall be signed on behalf of the Company by its
Chairman, Vice Chairman, President, an Executive Vice President or a Vice President and by its Treasurer or an Assistant Treasurer or its Secretary or an Assistant Secretary. Such signatures may be the manual or facsimile signatures of the present
or any future such officers. 
 Only such Securities as shall bear thereon a certificate of authentication substantially in the form
hereinbefore recited, executed by the Trustee by manual signature of one of its authorized officers, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Trustee upon any Security
executed by the Company shall be conclusive evidence that the Security so authenticated has been duly authenticated and deliverer hereunder and that the Holder is entitled to the benefits of this Indenture. 
 In case any officer of the Company who shall have signed any of the Securities shall cease to be such officer before the Security so signed shall be
authenticated and delivered by the Trustee or disposed of by the Company, such Security nevertheless may be authenticated and delivered or disposed of as though the person who signed such Security had not ceased to be such officer of the Company,
and any Security may be signed on behalf of the Company by such persons as, at the actual date of the execution of such Security, shall be the proper officers of the Company, although at the date of the execution of this Indenture any such person
was not such officer. 
  

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 On the date of the execution and delivery of this Indenture, the Company shall deliver to the Trustee an
Officers’ Certificate as to the incumbency and specimen signatures of officers authorized to give instructions under this Section and, as long as Securities are outstanding under this Indenture, shall deliver a similar Officers’
Certificate each year on the anniversary of the date of the first such Officers’ Certificate. The Trustee may conclusively rely on the documents delivered pursuant to this Section and Section 2.03 hereof (unless revoked by superseding
comparable documents) as to the authorization of the Board of Directors of any Securities delivered hereunder, and the form thereof, and as to the authority of the instructing officers referred to in this Section so to act. 
 SECTION 2.06. Exchange and Registration of Transfer of Securities. Securities of any series may be exchanged for a like aggregate principal amount
of Securities of other authorized denominations of such series. Securities to be exchanged shall be surrendered at the office or agency to be designated and maintained by the Company for such purpose in the Borough of Manhattan, The City of New
York, in accordance with the provisions of Section 4.02, and the Company shall execute and register and the Trustee shall authenticate and deliver in exchange therefor the Security or Securities which the Holder making the exchange shall be
entitled to receive. 
 The Company shall keep, at such office or agency, registry books in which, subject to such reasonable regulations as
it may prescribe, the Company shall register Securities and shall register the transfer of Securities as in this Article Two provided. Such registry books shall be in written form or in any other form capable of being converted into written form
within a reasonable time. At all reasonable times such registry books shall be open for inspection by the Trustee. Upon due presentment for registration of transfer of any Security of a particular series at such office or agency, the Company shall
execute and register and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new Security or Securities of such series for an equal aggregate principal amount. 
 All Securities presented for registration of transfer or for exchange, redemption or payment, as the case may be, shall (if so required by the Company or
the Trustee) be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder or his attorney duly authorized in writing. 
 No service charge shall be made for any exchange or registration of transfer 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 therewith. 
 The Company shall not be required to exchange or
register a transfer of (a) any Securities of any series for a period of fifteen days next preceding any selection of such Securities of such series to be redeemed, or (b) any such series selected, called or being called for redemption
except, in the case of any such series to be redeemed in part, the portion thereof not to be so redeemed. 
 Every Restricted Security shall
be subject to the restrictions on transfer provided in the legend required to be set forth on the face of each Restricted Security pursuant to Section 2.10 

  

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(the “Restricted Legend”) and the restrictions set forth in this Section 2.06, and the Holder of each Restricted Security, by such
Holder’s acceptance thereof (or interest therein), agrees to be bound by such restrictions on transfer. 
 The restrictions imposed by
this Section 2.06 and Section 2.10 upon the transferability of any particular Restricted Security shall cease and terminate on the earliest of (a) the later of three years after (i) the date on which such Restricted Security was
issued or (ii) the last date on which the Company or any Affiliate of the Company was the owner of such Restricted Security (or any predecessor of such Restricted Security), (b) if and when such Restricted Security has been sold pursuant
to an effective registration statement under the Securities Act or transferred pursuant to Rule 144 or Rule 904 under the Securities Act (or any successor provision), unless the Holder thereof is an Affiliate of the Company within the meaning of
Rule 144 (or such successor provisions) or (c) upon delivery of an Opinion of Counsel satisfactory to the Company and the Trustee to the effect that the transfer of such Restricted Security is exempt from the registration requirements of the
Securities Act. Any Restricted Security as to which such restrictions on transfer shall have expired in accordance with their terms or shall have terminated may, upon surrender of such Restricted Security for exchange to the Trustee in accordance
with the provision of this Section 2.06 (accompanied, in the event that such restrictions on transfer have terminated pursuant to Rule 144 or Rule 904 (or any successor provision), by an Opinion of Counsel satisfactory to the Company and the
Trustee, to the effect that the transfer of such Restricted Security has been made in compliance with Rule 144 or Rule 904 (or any such successor provision)), be exchanged for a new Security of the same series, of like tenor and aggregate principal
amount, which shall not bear the restrictive legend required by Section 2.10. The Company shall inform the Trustee of the effective date of any Registration Statement (as defined in the Registration Rights Agreement) registering Restricted
Securities under the Securities Act no later than two business days after such effective date. 
 SECTION 2.07. Temporary Securities.
Pending the preparation of definitive Securities of any series, the Company may execute and the Trustee shall authenticate and deliver temporary Securities of such series (printed or lithographed). Temporary Securities of any series shall be
issuable as registered Securities without coupons, of any denomination, and in the form approved from time to time by or pursuant to a Board Resolution but with such omissions, insertions and variations as may be appropriate for temporary
Securities, all as may be determined by the Company. Every temporary Security shall be executed by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive
Securities. Without unnecessary delay the Company shall execute and shall furnish definitive Securities of such series and thereupon temporary Securities of such series may be surrendered in exchange therefor without charge at the office or agency
to be designated and maintained by the Company for such purpose in the Borough of Manhattan, The City of New York, in accordance with the provisions of Section 4.02, and the Trustee shall authenticate and deliver in exchange for such temporary
Securities an equal aggregate principal amount of definitive Securities of the same series of authorized denominations. Until so exchanged the temporary Securities of any series shall be entitled to the same benefits under this Indenture as
definitive Securities of such series. 
  

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 SECTION 2.08. Mutilated, Destroyed, Lost or Stolen Securities. In case any temporary or definitive
Security of any series shall become mutilated or be destroyed, lost or stolen, the Company in the case of a mutilated Security shall, and in the case of a lost, stolen or destroyed Security may in its discretion, execute, and upon its request the
Trustee shall authenticate and deliver, a new Security of the same series, bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed,
lost or stolen. In every case the applicant for a substituted Security shall furnish to the Company and to the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or
theft, the applicant shall also furnish to the Company and to the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof. The Trustee may authenticate any such substituted Security and
deliver the same upon the written request or authorization of any officer of the Company. Upon the issuance of any substituted Security, 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 connected therewith and in addition a further sum not exceeding two dollars for each Security so issued in substitution. In case any Security which has matured or is about to mature shall become
mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substituted Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment
shall furnish the Company with such security or indemnity as it may require to save it harmless and, in case of destruction, loss or theft, evidence to the satisfaction of the Company of the destruction, loss or theft of such Security and of the
ownership thereof. 
 Every substituted Security issued pursuant to the provisions of this Section by virtue of the fact that any Security is
destroyed, lost or stolen shall, with respect to such Security, constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be found at any time, and shall be entitled to all the
benefits of this indenture equally and proportionately with any and all other Securities duly issued hereunder. 
 All Securities shall be
held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities and shall, to the extent permitted by law, preclude any and all other
rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 
 SECTION 2.09. Cancellation. All Securities surrendered for payment, redemption, exchange or registration of transfer, as the case may be, shall,
if surrendered to the Company or any agent of the Company or of the Trustee, be delivered to the Trustee and promptly cancelled by it or, if surrendered to the Trustee, be cancelled by it, and no Securities shall be issued in lieu thereof except as
expressly permitted by any of the provisions of this Indenture. The Trustee shall dispose of cancelled Securities in its customary manner or, if requested in writing to do so by the Company, shall return such cancelled Securities to the Company.

 SECTION 2.10. Form of Legend on Restricted Securities. Any Restricted Security and any Security issued upon registration of
transfer of, or in exchange for, or in lieu of, 

  

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such Restricted Security shall be subject to the restrictions on transfer, and shall bear the legend set forth below or shall be in such other form as is
contained in a Board Resolution; provided, however, that the term “Restricted Security” shall not include (a) any Security which is issued upon transfer of, or in exchange for, any Security which is not a Restricted
Security or (b) any Security as to which such restrictions on transfer have been terminated in accordance with Section 2.06. 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR
OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER: 
  

	 	(i)	REPRESENTS THAT IT (A)(I) IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A TO THE SECURITIES ACT, A “QIB”) AND (II) IS ACQUIRING THIS SECURITY FOR ITS OWN
ACCOUNT OR FOR THE ACCOUNT OF A QIB OR (B) IS NOT A U.S. PERSON, IS NOT ACQUIRING THIS SECURITY FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE
SECURITIES ACT AND (C) (i) IS NOT A PLAN (AS DEFINED HEREIN) AND NO PORTION OF THE ASSETS USED TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES ASSETS OF ANY PLAN OR (ii) THE ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A
NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS;


  

	 	(ii)	AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) TO A PERSON WHOM THE HOLDER REASONABLY BELIEVES
IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB, IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT,
(D) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (E) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND, IN EACH CASE, IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS; AND 

  

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	 	(iii)	AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY OR AN INTEREST HEREIN IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE (ii)(D) OR (ii)(E) ABOVE) A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. 

 IN CONNECTION WITH ANY TRANSFER OF THIS SECURITY OR ANY INTEREST HEREIN WITHIN
THE TIME PERIOD REFERRED TO ABOVE, THE HOLDER MUST CHECK THE APPROPRIATE BOX SET FORTH ON THE REVERSE HEREOF RELATING TO THE MANNER OF SUCH TRANSFER AND SUBMIT THIS CERTIFICATE TO THE TRUSTEE. AS USED HEREIN, THE TERMS “OFFSHORE
TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT. 
 SECTION 2.11. Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the Registration Rights Agreement, the Company shall issue and, upon receipt of the deliverables required by
Section 2.03 hereof, the Trustee shall authenticate one or more Exchange Securities in an aggregate principal amount equal to the principal amount of the beneficial interests in the Initial Securities tendered for acceptance by Persons that
certify in the applicable Letters of Transmittal that (x) they are not participating Broker-Dealers, (y) they are not participating in a distribution of the Exchange Securities and (z) they are not affiliates (as defined in Rule 144
under the Securities Act) of the Company, and accepted for exchange in the Exchange Offer. Any Initial Securities that remain outstanding after the consummation of the Exchange Offer, and Exchange Securities issued in connection with the Exchange
Offer, shall be treated as a single class of securities under this Indenture. 
 SECTION 2.12. 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. The Company will advise the Trustee in writing of any change in the “CUSIP” numbers. 
 ARTICLE THREE 
 REDEMPTION OF SECURITIES 
 SECTION 3.01. Redemption of Securities; Applicability of Section. Redemption of Securities of any series as permitted or required by the terms
thereof shall be made in accordance with such terms and this Section; provided, however, that if any provision of any series of Securities shall conflict with any provision of this Section, the provision of such series of Securities
shall govern. 
 SECTION 3.02. Notice of Redemption; Selection of Securities. In case the Company shall desire to exercise the right
to redeem all, or, as the case may be, any part of a series of Securities pursuant to Section 3.01, it shall fix a date for redemption and shall mail a notice 

  

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of such redemption at least thirty and not more than ninety days prior to the date fixed for redemption to the Holders of such Securities so to be redeemed
as a whole or in part at their last addresses as the same appear on the registry books. Such mailing shall be by prepaid first class mail. The notice if mailed in the manner herein provided shall be conclusively presumed to have been duly given,
whether or not the Holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any such Security designated for redemption as a whole or in part shall not affect the validity of the
proceedings for the redemption of any other such Security. 
 Each such notice of redemption shall specify the date fixed for redemption, the
redemption price at which such Securities are to be redeemed, the place of payment, that payment will be made upon presentation and surrender of such Securities, that interest accrued to the date fixed for redemption will be paid as specified in
said notice, and that on and after said date interest thereon or on the portions thereof to be redeemed will cease to accrue. If less than all of a series are to be redeemed the notice of redemption shall specify the numbers of the Securities to be
redeemed. In case any Security is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to be redeemed and shall state that, upon surrender of such Security, a new Security or Securities in
principal amount equal to the unredeemed portion thereof will be issued of the same series. 
 Prior to the redemption date specified in the
notice of redemption given as provided in this Section, the Company will deposit in trust with the Trustee or with one or more paying agents an amount of money sufficient to redeem on the redemption date all the Securities or portions of Securities
so called for redemption at the appropriate redemption price, together with accrued interest to the date fixed for redemption. If less than all of a series are to be redeemed, it will give the Trustee adequate notice in advance as to the aggregate
principal amount of Securities to be redeemed. 
 If less than all of a series are to be redeemed, the Trustee shall select, pro rata or by
lot or in such other manner as it shall deem appropriate, the numbers of the Securities to be redeemed in whole or in part. 
 SECTION 3.03.
Payment of Securities Called for Redemption. If notice of redemption has been given as above provided, the Securities or portions of Securities with respect to which such notice has been given shall become due and payable on the date and at
the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Company shall default in the payment of such Securities at the redemption
price, together with interest accrued to said date) interest on the Securities or portions of Securities so called for redemption shall cease to accrue. On presentation and surrender of such Securities subject to redemption at said place of payment
in said notice specified, the said Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption (but if the date
fixed for redemption is an interest payment date, the interest payable on such date shall be paid to the registered holder at the close of business on the applicable record date subject to the provisions of Section 2.03). At the option of the
Company payment may be made by check to the Holders of the Securities or other persons entitled thereto against presentation and surrender of such Securities. 
  

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

 ARTICLE FOUR 
 COVENANTS OF THE
COMPANY 
 SECTION 4.01. Payment of Principal, Premium and Interest. The Company will duly and punctually pay or cause to be paid the
principal of (and premium, if any) and interest on each of the Securities at the place, at the respective times and in the manner provided in the terms of the Securities and in this Indenture. 
 SECTION 4.02. Offices for Notices and Payments, etc. As long as any of the Securities remain outstanding, the Company will designate and maintain,
in the Borough of Manhattan, The City of New York, an office or agency where the Securities may be presented for registration of transfer and for exchange as in this Indenture provided, an office or agency where notices and demands to or upon the
Company in respect of the Securities or of this Indenture may be served, and an office or agency where the Securities may be presented for payment. The Company will give to the Trustee notice of the location of each such office or agency and of any
change in the location thereof. In case the Company shall fail to maintain any such office or agency in the Borough of Manhattan, The City of New York, or shall fail to give such notice of the location or of any change in the location thereof,
presentations may be made and notices and demands may be served at the Corporate Trust Office of the Trustee. 
 The Company hereby initially
designates the office of The Bank of New York Mellon located at 101 Barclay Street, Floor 8W, New York, New York 10286, as the office of the Company in the Borough of Manhattan, The City of New York, where the Securities may be presented for
payment, for registration of transfer and for exchange as in this Indenture provided and where notices and demands to or upon the Company in respect of the Securities or of this Indenture may be served. 
 SECTION 4.03. Provisions as to Paying Agent. 
 (a) Whenever the Company shall appoint a paying agent other than the Trustee with respect to the Securities of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree
with the Trustee, subject to the provisions of this Section, 
 (1) that it will hold sums held by it as such agent for the
payment of the principal of (and premium, if any) or interest on the Securities of such series (whether such sums have been paid to it by the Company or by any other obligor on the Securities of such series) in trust for the benefit of the Holders
of the Securities of such series entitled thereto and will notify the Trustee of the receipt of sums to be so held, and 
  

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 (2) that it will give the Trustee notice of any failure by the Company (or by any other
obligor on the Securities of such series) to make any payment of the principal of (or premium, if any) or interest on the Securities of such series when the same shall be due and payable. 
 (b) If the Company shall act as its own paying agent, it will, on or before each due date of the principal of (and premium, if any) or interest on the
Securities of any series set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such series entitled thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming due. The Company
will promptly notify the Trustee of any failure to take such action. 
 (c) Anything in this Section to the contrary notwithstanding, the
Company may, at any time, for the purpose of obtaining a satisfaction and discharge with respect to one or more or all series of Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust for such
series by it or any paying agent hereunder as required by this Section, such sums to be held by the Trustee upon the trusts herein contained. 
 (d) Anything in this Section to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section is subject to the provisions of Sections 12.03 and 12.04. 
 SECTION 4.04. Certificate to Trustee. On or before March 15, 2009, and on or before March 15 in each year thereafter, the Company will
deliver to the Trustee an Officers’ Certificate, stating that in the course of the performance by the signers of their duties as officers of the Company they would normally obtain knowledge of any default by the Company in the performance of
any covenant or agreement contained in Section 11.01, stating whether or not they have obtained knowledge of any such default, and if so, specifying each such default of which the signers have knowledge and the nature thereof. 
 ARTICLE FIVE 
 SECURITYHOLDER LISTS AND
REPORTS BY 
 THE COMPANY AND THE TRUSTEE 
 SECTION 5.01. Securityholder Lists. The Company covenants and agrees that it will furnish or cause to be furnished to the Trustee at such times as the Trustee may request in writing, within thirty days after receipt by the Company of
any such request, a list in such form as the Trustee may reasonably require of the names and addresses of the Holders of Securities of particular series specified by the Trustee as of a date not more than fifteen days prior to the time such
information is furnished; provided, however, that if and so long as the Trustee shall be the Security registrar, such list shall not be required to be furnished. 
  

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 SECTION 5.02. Preservation and Disclosure of Lists. 
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the Holders of each
series of Securities contained in the most recent list furnished to it as provided in Section 5.01 or received by the Trustee in its capacity as Security registrar. The Trustee may destroy any list furnished to it as provided in
Section 5.01 upon receipt of a new list so furnished. 
 (b) In case three or more Holders of Securities (hereinafter referred to as
“applicants”) apply in writing to the Trustee and furnish to the Trustee reasonable proof that each such applicant has owned a Security of such series for a period of at least six months preceding the date of such application, and
such application states that the applicants desire to communicate with other Holders of Securities of a particular series (in which case the applicants must hold Securities of such series) or with Holders of all Securities with respect to their
rights under this Indenture or under such Securities and it is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within five business days after the receipt of such
application, at its election, either: 
 (1) afford to such applicants access to the information preserved at the time by the
Trustee in accordance with the provisions of subsection (a) of this Section, or 
 (2) inform such applicants as to the
approximate number of Holders of Securities of such series on all Securities, as the case may be, whose names and addresses appear in the information preserved at the time by the Trustee, in accordance with the provisions of subsection (a) of
this Section, and as to the approximate cost of mailing to such securityholders the form of proxy or other communication, if any, specified in such application. 
 If the Trustee shall elect not to afford to such applicants access to such information, the Trustee shall, upon the written request of such applicants, mail to each securityholder of such series or all Securities, as
the case may be, whose name and address appear in the information preserved at the time by the Trustee in accordance with the provisions of subsection (a) of this Section a copy of the form of proxy or other communication which is specified in
such request, with reasonable promptness after a tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless within five days after such tender, the Trustee shall
mail to such applicants a written statement to the effect that, in the opinion of the Trustee, such mailing would be contrary to the best interests of the Holders of Securities of such series or all Securities, as the case may be, or would be in
violation of applicable law. Such written statement shall specify the basis of such opinion. If said Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to
sustain any of such objections or if, after the entry of an order sustaining one or more of such objections, said Commission shall find, after notice and opportunity for hearing that all the objections so sustained have been met, and shall enter an
order so declaring, the Trustee shall mail copies of such material to all such securityholders with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or duty
to such applicants respecting their application. 
  

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 (c) Each and every Holder of Securities, by receiving and holding the same, agrees with the Company and
the Trustee that neither the Company nor the Trustee nor any agent of the Company or of the Trustee shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in
accordance with the provisions of subsection (b) of this Section, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made
under said subsection (b). 
 SECTION 5.03. Reports by the Company. The Company covenants: 
 (a) to file with the Trustee within fifteen days after the Company is required to file the same with the Securities and Exchange
Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as said Commission may from time to time by rules and regulations prescribe) which the Company may be
required to file with said Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934; or, if the Company is not required to file information, documents or reports pursuant to either of such sections, then to
file with the Trustee and said Commission, in accordance with the rules and regulations prescribed from time to time by said Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to
Section 13 of the Securities Exchange Act of 1934 in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 
 (b) to file with the Trustee and the Securities and Exchange Commission, in accordance with the rules and regulations prescribed from time
to time by said Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided for in this Indenture as may be required from time to time by such rules and
regulations; and 
 (c) to furnish to the Holders of Securities of each series and to prospective investors, upon their
request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act of 1933, as amended, for so long as any of the Securities remain outstanding during any period when it is not subject to the reporting
requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, or otherwise permitted to furnish the Securities and Exchange Commission with certain information pursuant to Rule 12g3-2(b) of the Securities Exchange Act of 1934.

 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). 
  

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 SECTION 5.04. Reports by the Trustee. 
 (a) On or before July 15, 2009 and on or before July 15 of each year thereafter, so long as any Securities are outstanding hereunder, the
Trustee shall transmit to the securityholders, as provided in subsection (c) of this Section, a brief report dated as of the preceding May 15, with respect to: 
 (1) its eligibility under Section 7.09, and its qualifications under Section 7.08, or in lieu thereof, if to the best of its
knowledge it has continued to be eligible and qualified under such Sections, a written statement to such effect; 
 (2) the
character and amount of any advances (and if the Trustee elects so to state, the circumstances surrounding the making thereof) made by the Trustee (as such) which remain unpaid on the date of such report, and for the reimbursement of which it claims
or may claim a lien or charge, prior to that of the Securities, on any property or funds held or collected by it as Trustee, except that the Trustee shall not be required (but may elect) to report such advances if such advances so remaining unpaid
aggregate not more than one-half of one percent of the principal amount of the Securities for any series outstanding on the date of such report; 
 (3) the amount, interest rate and maturity date of all other indebtedness owing by the Company (or by any other obligor on the Securities) to the Trustee in its individual capacity, on the date of such report, with a
brief description of any property held as collateral security therefor, except an indebtedness based upon a creditor relationship arising in any manner described in paragraphs (2), (3), (4), or (6) of subsection (b) of Section 7.13;

 (4) the property and funds, if any, physically in the possession of the Trustee as such on the date of such report;

 (5) any additional issue of Securities which it has not previously reported; and 
 (6) any action taken by the Trustee in the performance of its duties under this Indenture which it has not previously reported and which
in its opinion materially affects the Securities, except action in respect of a default, notice of which has been or is to be withheld by it in accordance with the provisions of Section 6.07. 
 (b) The Trustee shall transmit to the securityholders, as provided in subsection (c) of this Section, a brief report with respect to the character
and amount of any advances (and if the Trustee elects so to state, the circumstances surrounding the making thereof) made by the Trustee (as such) since the date of the last report transmitted pursuant to the provisions of subsection (a) of
this Section (or if no such report has yet been so transmitted, since the date of execution of this Indenture), for the reimbursement of which it claims or may claim a lien or charge prior to that of the Securities of any series on property or funds
held or collected by it as Trustee, and which it has not previously reported pursuant to this subsection (b), except that the Trustee for each series shall not be required (but may elect) to report such advances if such advances remaining unpaid at
any time aggregate ten percent or less of the principal amount of Securities for such series outstanding at such time, such report to be transmitted within ninety days after such time. 
  

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 (c) Reports pursuant to this Section shall be transmitted by mail to all Holders of Securities at their
addresses as the same appear upon the registry books. 
 (d) A copy of each such report shall, at the time of such transmission to
securityholders, be filed by the Trustee with each stock exchange upon which the Securities are listed and also with the Securities and Exchange Commission. The Company agrees to notify the Trustee when and as the Securities become listed on any
stock exchange. 
 ARTICLE SIX 
 REMEDIES ON DEFAULT 
 SECTION 6.01. Events of Default. In case one or more of the following Events of Default with respect
to a particular series shall have occurred and be continuing, that is to say: 
 (a) default in the payment of the principal
of (or premium, if any, on) any of the Securities of such series as and when the same shall become due and payable either at maturity, upon redemption, by declaration or otherwise; or 
 (b) default in the payment of any installment of interest upon any of the Securities of such series as and when the same shall become due
and payable, and continuance of such default for a period of thirty days; or 
 (c) failure on the part of the Company duly to
observe or perform any other of the covenants or agreements on the part of the Company in the Securities or in this Indenture contained for a period of thirty days after the date on which written notice of such failure, requiring the Company to
remedy the same, shall have been given to the Company by the Trustee, or to the Company and the Trustee by the Holders of at least twenty-five percent in aggregate principal amount of the Securities at the time outstanding; or 
 (d) a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company in an involuntary case
under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company or for any substantial part of its
property, or ordering the winding-up or liquidation of its affairs and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 
 (e) the Company shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in
effect, or shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or similar
official) of the Company or for any substantial part of its property, or shall make any general assignment for the benefit of creditors; 
  

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 then, if an Event of Default described in clause (d) or (e) (a “Bankruptcy Event of Default”)
shall have occurred and be continuing, either the Trustee or the Holders of not less than twenty-five percent in aggregate principal amount of all of the Securities then outstanding hereunder (voting as one class), by notice in writing to the
Company (and to the Trustee if given by securityholders) may declare the principal amount of all the Securities (or, with respect to Original Issue Discount Securities, such lesser amount as may be specified in the terms of such Securities) affected
thereby to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable, anything in this Indenture or in the Securities of such series contained to the contrary notwithstanding. The
foregoing provisions, however, are subject to the condition that if, at any time after the principal of all the Securities shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have
been obtained or entered as hereinafter provided, the Company shall pay or shall deposit with the Trustee a sum sufficient to pay all matured installments of interest upon all the Securities and the principal of (and premium, if any, on) all the
Securities (or, with respect to Original Issue Discount Securities, such lesser amount as may be specified in the terms of such Securities), which shall have become due otherwise than by acceleration (with interest upon such principal and premium,
if any, and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest, at the same rate as the rate of interest specified in the Securities (or, with respect to Original Issue Discount
Securities at the rate specified in the terms of such Securities for interest on overdue principal thereof upon maturity, redemption or acceleration of such series, as the case may be), to the date of such payment or deposit), and such amount as
shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith, and any
and all defaults under the Indenture, other than the non-payment of the principal of the Securities shall have been remedied, then and in every such case the Holders of a majority in aggregate principal amount of all of the Securities then
outstanding, by written notice to the Company and to the Trustee, may waive all defaults with respect to all Securities, treated as a single class and rescind and annul such declaration and its consequences; but no such waiver or rescission and
annulment shall extend to or shall affect any subsequent default or shall impair any right consequent thereon. 
 In case the Trustee shall
have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission and annulment or for any other reason or shall have been determined adversely to the Trustee, then and
in every such case the Company, the Trustee and the Holders, as the case may be, shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company, the Trustee and the Holders, as the
case may be, shall continue as though no such proceedings had been taken. 
 If an Event of Default described in clause (a), (b) or
(c) above (a “Non-Bankruptcy Event of Default”) occurs and is continuing, the Trustee may demand payment of amounts then due and payable on the affected Securities and, in its discretion, proceed to enforce any obligations of
the Company under the Securities in accordance with the provisions of 

  

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Section 6.02 of this Indenture. Upon a Non-Bankruptcy Event of Default, however, neither the Trustee nor Holders of the Securities may act to declare
that the principal amount of the Securities be due and payable immediately. 
 SECTION 6.02. Payment of Securities on Default; Suit
Therefor. The Company covenants that (1) in case default shall be made in the payment of any installment of interest on any of the Securities of any series, as and when the same shall become due and payable, and such default shall have
continued for a period of thirty days, or (2) in case default shall be made in the payment of the principal of (or premium, if any, on) any of the Securities of any series, as and when the same shall have become due and payable, whether upon
maturity of such series or upon redemption or upon declaration or otherwise—then upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of the Holders of the Securities of such series, the whole amount that then shall
have become due and payable on all such Securities of such series for principal (and premium, if any) or interest, or both, as the case may be, with interest upon the overdue principal (and premium, if any) and (to the extent that payment of such
interest is enforceable under applicable law) upon overdue installments of interest at the same rate as the rate of interest specified in the Securities of such series (or, with respect to Original Issue Discount Securities, at the rate specified in
the terms of such Securities for interest on overdue principal thereof upon maturity, redemption or acceleration), and, in addition thereto, such further amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents,
attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith. 
 In case the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at
law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against the Company or other obligor upon such
Securities and collect in the manner provided by law out of the property of the Company or other obligor upon such Securities wherever situated the money adjudged or decreed to be payable. 
 In case there shall be pending proceedings for the bankruptcy or for the reorganization of the Company or any other obligor upon Securities of any series
under Title 11 of the United States Code or any other applicable law, or in case a receiver or trustee shall have been appointed for the property of the Company or such other obligor, or in case of any other judicial proceedings relative to the
Company or such other obligor, or to the creditors or property of the Company or such other obligor, the Trustee, irrespective of whether the principal of the Securities of such series shall then be due and payable as therein expressed or by
declaration or otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section, shall be entitled and empowered, by intervention in such proceedings or otherwise, to file and prove a claim or
claims for the whole amount of principal and interest (and premium, if any) (or, with respect to Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of that series) owing and unpaid in respect of
the Securities of such series, and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation to the Trustee, its agents, attorneys and counsel,
and for reimbursement of all expenses and 

  

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liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith) and of the securityholders of such series
allowed in any such judicial proceedings relative to the Company or other obligor upon the Securities of such series, or to the creditors or property of the Company or such other obligor, and to collect and receive any moneys or other property
payable or deliverable on any such claims, and to distribute all amounts received with respect to the claims of the securityholders of such series and of the Trustee on their behalf; and any receiver, assignee or trustee in bankruptcy or
reorganization is hereby authorized by each of the securityholders of such series to make payments to the Trustee and, in the event that the Trustee shall consent to the making of payments directly to the securityholders of such series, to pay to
the Trustee such amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee except as a result of its
negligence or bad faith. 
 All rights of action and of asserting claims under this Indenture, or under any of the Securities, may be
enforced by the Trustee without the possession of any of the Securities, or the production thereof on any trial or other proceedings relative thereto, and any such action or proceedings instituted by the Trustee shall be brought in its own name and
as trustee of an express trust, and any recovery of judgment shall be for the ratable benefit of the Holders of the Securities. 
 In case of
a default hereunder the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem necessary to protect and enforce any of such rights,
either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal
or equitable right vested in the Trustee by this Indenture or by law. 
 SECTION 6.03. Application of Moneys Collected by Trustee. Any
moneys collected by the Trustee pursuant to Section 6.02 shall be applied in the order following, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or
interest, upon presentation of the several Securities in respect of which moneys have been collected, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: 
 FIRST: To the payment of costs and expenses applicable to such series of collection, reasonable compensation to the Trustee, its agents,
attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith; 
 SECOND: In case the principal of the Securities in respect of which moneys have been collected shall not have become due, to the payment
of interest on the Securities of such series in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the same
rate as the rate of interest specified in the Securities of such series (or, with respect to Original Issue Discount Securities, at the rate specified in the terms of such Securities for interest on overdue principal thereof upon maturity,
redemption or acceleration), such payments to be made ratably to the persons entitled thereto, without discrimination or preference; 
  

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 THIRD: In case the principal of the Securities in respect of which moneys have been
collected shall have become due, by declaration or otherwise, to the payment of the whole amount then owing and unpaid upon the Securities of such series for principal (and premium, if any) and interest, with interest upon the overdue principal (and
premium, if any) and (to the extent that such interest has been collected by the Trustee) upon overdue installments of interest at the same rate as the rate of interest specified in the Securities of such series (or, with respect to Original Issue
Discount Securities, at the rate specified in the terms of such Securities for interest on overdue principal thereof upon maturity, redemption or acceleration); and in case such moneys shall be insufficient to pay in full the whole amount so due and
unpaid upon the Securities of such series, then to the payment of such principal (and premium, if any) and interest, without preference or priority of principal (and premium, if any) over interest, or of interest over principal (and premium, if
any), or of any installment of interest over any other installment of interest, or of any Security of such series over any other Security of such series, ratably to the aggregate of such principal (and premium, if any) and accrued and unpaid
interest; and 
 FOURTH: To the Company. 
 SECTION 6.04. Proceedings by Securityholders. No Holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any action or proceedings at
law or in equity or in bankruptcy or otherwise, upon or under or with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless such Holder previously shall have given to the Trustee
written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of not less than twenty-five percent in aggregate principal amount of all the Securities at the time outstanding (voting as one class)
shall have made written request upon the Trustee to institute such action or proceedings in its own name as trustee hereunder and shall have offered to the Trustee indemnity reasonably satisfactory to it as it may require against the costs, expenses
and liabilities to be incurred therein or thereby, and the Trustee for sixty days after its receipt of such notice, request and offer of indemnity shall have failed to institute any such action or proceedings and no direction inconsistent with such
written request shall have been given to the Trustee pursuant to Section 6.06; it being understood and intended, and being expressly covenanted by the taker and Holder of every Security with every other taker and Holder and the Trustee, that no
one or more Holders of Securities shall have any right in any manner whatever by virtue or by availing himself of any provision of this Indenture to affect, disturb or prejudice the rights of any other Holder of Securities, or to obtain or seek to
obtain priority over or preference to any other such Holder or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities. For the protection and
enforcement of the provisions of this Section, each and every securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 
 Notwithstanding any other provisions in this Indenture, however, the right of any Holder of any Security to receive payment of the principal of (and premium, if any) and interest 

  

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on such Security, on or after the respective due dates expressed in such Security, or to institute suit for the enforcement of any such payment on or after
such respective dates, shall not be impaired or affected without the consent of such Holder. 
 SECTION 6.05. Remedies Cumulative and
Continuing. All powers and remedies given by this Article Six to the Trustee or to the securityholders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to
the Trustee or the securityholders, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder of any of the
Securities to exercise any right or power accruing upon any default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such default or an acquiescence therein; and, subject to the
provisions of Section 6.04, every power and remedy given by this Article Six or by law to the Trustee or to the securityholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the
securityholders. 
 SECTION 6.06. Direction of Proceedings. The Holders of a majority in aggregate principal amount of the Securities
of any or all series affected (voting as one class) at the time outstanding shall have the right to direct the time, method, and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred
on the Trustee provided, however, that (subject to the provisions of Section 7.01) the Trustee shall have the right to decline to follow any such direction if the Trustee, being advised by counsel, determines that the action or
proceedings so directed may not lawfully be taken or if the Trustee in good faith by a committee of Responsible Officers shall determine that the action or proceedings so directed may involve the Trustee in personal liability. 
 SECTION 6.07. Notice of Defaults. The Trustee shall, within ninety days after the occurrence of a default with respect to any series, give to the
securityholders of such series, as the names and addresses of such Holders appear on the registry books, notice by mail of all defaults known to the Trustee, unless such defaults shall have been cured before the giving of such notice (the term
“default” or “defaults” for the purposes of this Section being hereby defined to be any event or events, as the case may be, specified in clauses (a), (b), (c), (d) and (e) of Section 6.01, not including periods of
grace, if any, provided for therein and irrespective of the giving of the notice specified in clause (c) of Section 6.01); provided that, except in the case of default in the payment of the principal of (or premium, if any) or
interest on any of the Securities of such series, the Trustee shall be protected in withholding such notice if and so long as a committee of Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the
interests of the securityholders of such series. 
 SECTION 6.08. Undertaking to Pay Costs. All parties to this Indenture agree, and
each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, 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 Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in such suit, having due regard to the merits and good faith 

  

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of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit
instituted by any securityholder of any series, or group of such securityholders, holding in the aggregate more than ten percent in principal amount of the Securities of such series outstanding (or, in the case of any suit relating to or arising
under clause (d) or (e) of Section 6.01, ten percent in aggregate principal amount of all Securities (voting as one class)), or to any suit instituted by any securityholder for the enforcement of the payment of the principal of (or
premium, if any) or interest on any Security on or after the due date expressed in such Security. 
 ARTICLE SEVEN 
 CONCERNING THE TRUSTEE 
 SECTION 7.01.
Duties and Responsibilities of Trustee. The Trustee, prior to the occurrence of an Event of Default of a particular series and after the curing of all Events of Default of such series which may have occurred, undertakes to perform such duties
and only such duties as are specifically set forth in this Indenture. In case an Event of Default with respect to a particular series has occurred (which has not been cured), the Trustee shall exercise such of the rights and powers vested in it by
this Indenture, and use the same degree of care and skill in its exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 
 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: 
 (a) prior to the occurrence of an Event of Default with respect to a particular
series and after the curing of all Events of Default with respect to such series which may have occurred: 
 (1) the duties
and obligations of the Trustee with respect to such series shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set
forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (2) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which 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 or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein); 
  

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 (b) 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 bad faith; except that: 
 (1) the
preceding subsection shall not be construed to limit the effect of subsection (2) of this clause (b); and 
 (2) the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or officers, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (c) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the
direction of the Holders of Securities pursuant to Section 6.06 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; and 
 (d) no provision of this Indenture shall be construed as requiring the Trustee to expend or risk its own
funds or otherwise to incur any personal financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that repayment of such funds or
adequate indemnity against such risk or liability is not reasonably assured to it. 
 Whether or not herein expressly 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 7.01. 
 SECTION 7.02. Reliance on Documents, Opinions, etc. Subject to the provisions of Section 7.01: 
 (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 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, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an instrument signed in the
name of the Company by the President or any Executive Vice President or any Vice President and by the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary (unless other evidence in respect thereof be herein specifically
prescribed); and Board Resolution may be evidenced to the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company; 
 (c) the Trustee may consult with counsel of its selection and any Opinion of Counsel or advice of such counsel shall be full and complete authorization and protection in aspect of any action taken or suffered by it
hereunder in good faith and in accordance with such Opinion of Counsel or advice of such counsel; 
  

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 (d) the Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request, order or direction of any of the securityholders, pursuant to the provisions of this Indenture, unless such securityholders shall have offered to the Trustee indemnity reasonably satisfactory to it
against the costs, expenses and liabilities which might be incurred therein or thereby; 
 (e) 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 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; 
 (f) 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 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; 
 (g) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken 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; 
 (h) 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, conclusively rely upon an Officers’ Certificate; 
 (i) 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; 
 (j) the Trustee shall not be deemed to have notice of any Default or Event of
Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice
references the Securities and this Indenture; 
 (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 

 

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 (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 7.03.
No Responsibility for Recitals, etc. The recitals contained herein and in the Securities, other than the Trustee’s certificate of authentication, shall be taken as the statements of the Company, and the Trustee assumes no responsibility
for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities, provided that the Trustee shall not be relieved of its duty to authenticate Securities only as
authorized by this Indenture. The Trustee shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 
 SECTION 7.04. Ownership of Securities. The Trustee or any agent of the Company or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were
not Trustee, or an agent of the Company or of the Trustee. 
 SECTION 7.05. Moneys to be Held in Trust. Subject to the provisions of
Section 12.04 hereof, all moneys received by the Trustee or any paying agent shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to
the extent required by law. Neither the Trustee nor any paying agent shall be under any liability for interest on any moneys received by it hereunder except such as it may agree in writing with the Company to pay thereon. So long as no Event of
Default shall have occurred and be continuing, all interest allowed on any such moneys shall be paid from some to time upon the written order of the Company, signed by its President or an Executive Vice President or a Vice President or its Treasurer
or an Assistant Treasurer. 
 SECTION 7.06. Compensation and Expenses of Trustee. The Company covenants and agrees to pay to the
Trustee from time to time, and the Trustee shall be entitled to, reasonable compensation, and, except as otherwise expressly provided, the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and
advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ) except any
such expense, disbursement or advance as a result of from its negligence or bad faith. If any property other than cash shall at any time be subject to the lien of this Indenture, the Trustee, if and to the extent authorized by a receivership or
bankruptcy court of competent jurisdiction or by the supplemental instrument subjecting such property to such Lien, shall be entitled to make advances for the purpose of preserving such property or of discharging tax liens or other prior liens or
encumbrances thereon. The Company also covenants to indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on the part of the Trustee, arising out of or in connection with
the acceptance or administration of this Indenture, including the costs and expenses of defending itself against any claim of liability in the premises. The obligations of the Company under this Section to compensate the Trustee and to pay or
reimburse the Trustee for 

  

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expenses, disbursements and advances shall constitute additional indebtedness hereunder. Such additional indebtedness shall be secured by a lien prior to
that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Securities. The provisions of this Section 7.06 shall survive termination of
this Indenture and the resignation or removal of the Trustee. 
 When the Trustee incurs expenses or renders services in connection with an
Event of Default, the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable federal or state bankruptcy, insolvency or
other similar law. 
 SECTION 7.07. Officers’ Certificate as Evidence. Subject to the provisions of Section 7.01, whenever
in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or offering any action to be taken hereunder, such matter (unless other evidence in
respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate delivered to the Trustee, and such
certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. 
 SECTION 7.08. Conflicting Interest of Trustee. If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust
Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. 
 SECTION 7.09. Eligibility of Trustee. 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 or of any State or Territory thereof or of the District of Columbia, which (a) is authorized under such laws to exercise corporate trust powers, and (b) is subject to supervision or examination by
Federal, State, Territorial or District of Columbia authority and (c) shall have at all times a combined capital and surplus of not less than fifty million dollars. If such corporation publishes reports of condition at least annually, pursuant
to law, or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation at any time shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified
in Section 7.10. 
 SECTION 7.10. Resignation or Removal of Trustee. 
 (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series by giving written notice
of resignation to the Company and by mailing notice thereof to all Holders of Securities of the applicable series as the names and addresses of such Holders appear on the registry books. Upon receiving such notice of resignation the Company shall
promptly appoint a successor trustee with respect to the applicable series by written instrument, in duplicate, executed by order of the Board of Directors of 

  

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the Company, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall
have been so appointed and have accepted appointment within thirty days after the mailing of such notice of resignation to the securityholders, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction for
the appointment of a successor trustee, or any securityholder who has been a bona fide Holder of a Security or Securities of the applicable series for at least six months may, subject to the provisions of Section 6.08, on behalf of himself and
all others similarly situated petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 
 (b) In case at any time any of the following shall occur— 
 (1) the Trustee shall fail to comply with the provisions of subsection (a) of Section 7.08 with respect to any series of
Securities after written request therefor by the Company or by any securityholder who has been a bona fide Holder of a Security or Securities of such series for at least six months, or 
 (2) the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 with respect to any series of Securities
and shall fail to resign after written request therefor by the Company or by any such securityholder, or 
 (3) the Trustee
shall become incapable of acting with respect to any series of Securities, or shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the
Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, the Company may remove the
Trustee with respect to the applicable series of Securities and appoint a successor trustee with respect to such series by written instrument, in duplicate, executed by order of the Board of Directors of the Company, one copy of which instrument
shall be delivered to the Trustee so removed and one copy to the successor trustee, or subject to the provisions of Section 6.08, any securityholder of such series who has been a bona fide Holder of a Security or Securities of the applicable
series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such series. Such
court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee. 
 (c) The Holders of a majority in aggregate principal amount of the Securities of all series (voting as one class) at the time outstanding may at any time remove the Trustee with respect to Securities of all series and appoint a successor
trustee with respect to the Securities of all series. 
 (d) If no successor trustee shall have been so appointed and have accepted
appointment within sixty days after the removal of the Trustee pursuant to the terms hereof, the outgoing Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor trustee, or any
securityholder who has been a bona fide 

  

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Holder of a Security or Securities of the applicable series for at least six months may, subject to the provisions of Section 6.08, on behalf of himself
and all others similarly situated petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 
 (e) Any resignation or removal of the Trustee and any appointment of a successor trustee pursuant to any of the provisions of this Section shall become
effective upon acceptance of appointment by the successor trustee as provided in Section 7.11. 
 SECTION 7.11. Acceptance by
Successor Trustee. Any successor trustee appointed as provided in Section 7.10 shall execute, acknowledge and deliver to the Company and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the
resignation or removal of the predecessor trustee with respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties
and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as trustee herein, but, nevertheless, on the written request of the Company or of the successor trustee, the trustee ceasing to act
shall, upon payment of any amounts then due it pursuant to the provisions of Section 7.06, execute and deliver an instrument provided to it transferring to such successor trustee all the rights and powers of the trustee so ceasing to act. Upon
request of any such successor trustee, the Company shall execute any and all instruments in writing in order more fully and certainly to vest in and confirm to such successor trustee all such rights and powers. Any trustee ceasing to act shall,
nevertheless, retain a lien upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 7.06. 
 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
predecessor Trustee upon payment of its charges hereunder and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be
deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Trustee with respect to the Securities of any series as to which the predecessor Trustee is not retiring shall continue to be vested in the
predecessor Trustee, and 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. 
 No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such
successor trustee shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section 7.09. 
 Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall mail notice of the succession of such trustee hereunder to all Holders of Securities of any applicable series as the names and addresses of
such Holders shall appear on the registry books. If the Company fails to mail such notice in the prescribed manner within ten days after the acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be so
mailed at the expense of the Company. 
  

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 SECTION 7.12. Successor by Merger, etc. 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 the corporate trust business of the Trustee, shall be
the successor of the Trustee hereunder, provided such corporation shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further act on
the part of any of the parties hereto, anything herein to the contrary notwithstanding. 
 SECTION 7.13. Limitation on Rights of Trustee
as a Creditor. If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims
against the Company (or any such other obligor). 
 ARTICLE EIGHT 
 CONCERNING THE SECURITYHOLDERS 
 SECTION 8.01. Action by Securityholders.
Whenever in this Indenture it is provided that the Holders of a specified percentage in aggregate principal amount of the Securities of any or all series may take any action (including the making of any demand or request, the giving of any notice,
consent or waiver or the taking of any other action), the fact that at the time of taking any such action the Holders of such specified percentage have joined therein may be evidenced (a) by any instrument or any number of instruments of
similar tenor executed by securityholders in person or by agent or proxy appointed in writing, or (b) by the record of the Holders of Securities voting in favor thereof at any meeting of securityholders duly called and held in accordance with
the provisions of Article Nine or (c) by a combination of such instrument or instruments and any such record of such meeting of securityholders. 
 In determining whether the Holders of a specified percentage in aggregate principal amount of the Securities have taken any action (including the making of any demand or request, the giving of any notice, consent or
waiver or the taking of any over action) the principal amount of any Original Issue Discount Security that may be counted in making such determination and that shall be deemed to be outstanding for such purposes shall be equal to the amount of the
principal thereof that could be declared to be due and payable upon an Event of Default pursuant to the terms of such Original Issue Discount Security at the time the taking of such action is evidenced to the Trustee. 
 SECTION 8.02. Proof of Execution by Securityholders. Subject to the provisions of Sections 7.01, 7.02 and 9.05, proof of the execution of any
instrument by a securityholder or its agent or proxy shall be sufficient if made in accordance with such reasonable rules and regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. 
  

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 The ownership of Securities shall be proved by the registry books or by a certificate of the Security
registrar. 
 The record of any securityholders’ meeting shall be proved in the manner provided in Section 9.06. 
 SECTION 8.03. Who Are Deemed Absolute Owners. The Company, the Trustee and any agent of the Company or of the Trustee may deem the person in whose
name such Security shall be registered upon the books of the Company to be, and may treat him as, the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notation of ownership or other writing
thereon), for the purpose of receiving payment of or on account of the principal of (and premium, if any) and interest on such Security and for all other purposes and neither the Company nor the Trustee nor any agent of the Company or of the Trustee
shall be affected by any notice to the contrary. All such payments so made to any Holder for the time being, or upon his order, shall be valid and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys
payable upon any such Security. 
 SECTION 8.04. Company-Owned Securities Disregarded. In determining whether the Holders of the
required aggregate principal amount of Securities have concurred in any direction, consent or waiver under this Indenture, Securities which are owned by the Company or any other obligor on the Securities, or by any person directly or indirectly
controlling or controlled by or under direct or indirect common control with the Company or any other obligor on the Securities, shall be disregarded and deemed not to be outstanding for the purpose of any such determination, except that for the
purpose of determining whether the Trustee shall be protected in relying on any such direction, consent or waiver only Securities which a Responsible Officer of the Trustee knows are so owned shall be so disregarded. Securities so owned which have
been pledged in good faith may be regarded as outstanding for the purposes of this Section if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right to vote such Securities and that the pledgee is not a person
directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other obligor. In the case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall
be full protection to the Trustee. 
 SECTION 8.05. Revocation of Consents; Future Securityholders Bound. At any time prior to the
taking of any action by the Holders of the percentage in aggregate principal amount of the Securities specified in this Indenture in connection with such action, any Holder of a Security the identifying number of which is shown by the evidence to be
included in the Securities the Holders of which have consented to such action may, by filing written notice with the Trustee at its office and upon proof of holding as provided in Section 8.02, revoke such action so far as concerns such
Security. Except as aforesaid any such action taken by the Holder of any Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Security and of any Security issued in exchange or substitution
therefor irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the Holders of the percentage in aggregate principal amount of the Securities specified in this Indenture in connection with such
action shall be conclusively binding upon the Company, the Trustee and the Holders of all the Securities. 
  

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 ARTICLE NINE 
 SECURITYHOLDERS’ MEETINGS 
 SECTION 9.01. Purposes of Meetings. A meeting of securityholders of
any or all series may be called at any time and from time to time pursuant to the provisions of this Article for any of the following purposes: 
 (1) to give any notice to the Company or to the Trustee, or to give any directions to the Trustee, or to waive any default hereunder and its consequences, or to take any other action authorized to be taken by
securityholders pursuant to any of the provisions of Article Six; 
 (2) to remove the Trustee and appoint a successor trustee
pursuant to the provisions of Article Seven; 
 (3) to consent to the execution of an indenture or indentures supplemental
hereto pursuant to the provisions of Section 10.02; or 
 (4) to take any other action authorized to be taken by or on
behalf of the Holders of any specified aggregate principal amount of the Securities of any or all series, as the case may be, under any other provision of this Indenture or under applicable law. 
 SECTION 9.02. Call of Meetings by Trustee. The Trustee may at any time call a meeting of securityholders of any or all series to take any action
specified in Section 9.01, to be held at such time and at such place in the Borough of Manhattan, The City of New York, as the Trustee shall determine. Notice of every meeting of the securityholders of any or all series, setting forth the time
and place of such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed at the expense of the Company to all Holders of Securities of the applicable series as the names and addresses of such Holders appear on
the registry books not less than twenty nor more than one hundred and eighty days prior to the date fixed for the meeting. 
 SECTION 9.03.
Call of Meetings by Company or Securityholders. In case at any time the Company, pursuant to a Board Resolution, or the Holders of at least ten percent in aggregate principal amount of the Securities of any or all series, as the case may be,
then outstanding, shall have requested the Trustee to call a meeting of securityholders of any or all series to take any action authorized in Section 9.01, by written request setting in reasonable detail the action proposed to be taken at the
meeting, and the Trustee shall not have mailed the notice of such meeting within thirty days after receipt of such request, then the Company or the Holders of such Securities in the amount above specified may determine the time and the place in said
Borough of Manhattan for such meeting and may call such meeting by mailing notice thereof as provided in Section 9.02. 
  

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 SECTION 9.04. Qualification for Voting. To be entitled to vote at any meeting of securityholders a
person shall be a Holder of one or more Securities of a series with respect to which a meeting is being held or a person appointed by an instrument in writing as proxy by such a Holder. The only persons who shall be entitled to be present or so
speak at any meeting of the securityholders shall be the persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 
 SECTION 9.05. Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem
advisable for any meeting of securityholders, in regard to proof of the holding of Securities and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies,
certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. 
 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 securityholders as provided in Section 9.03, in which case the Company or the
securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Holders of a majority in principal amount of
the Securities represented at the meeting and entitled to vote. 
 Subject to the provisions of Sections 8.01 and 8.04, at any meeting each
securityholder or proxy shall be entitled to one vote for each $1,000 principal amount of Securities 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 securityholder or proxy. Any meeting of securityholders duly called pursuant to the provisions of
Section 9.02 or 9.03 may be adjourned from time to time, and the meeting may be held as so adjourned without further notice. 
 SECTION
9.06. Voting. The vote upon any resolution submitted to any meeting of securityholders shall be by written ballot on which shall be subscribed the signatures of the securityholders or proxies and on which shall be inscribed the identifying
number or numbers or to which shall be attached a list of identifying numbers of the Securities 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 in duplicate of the proceedings of each meeting of securityholders
shall be prepared by the secretary of the meeting and there shall be attached to said 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 said notice was mailed as provided in Section 9.02. The record shall be signed and verified by the permanent chairman and secretary of the meeting and one of the duplicates
shall be delivered to the Company and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. 
  

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 Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

ARTICLE TEN 
 SUPPLEMENTAL INDENTURES

 SECTION 10.01. Supplemental Indentures without Consent of Securityholders. The Company, when authorized by Board Resolution, and
the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act of 1939 as in force at the date of the execution thereof) for one or more
of the following purposes: 
 (a) to evidence the succession of another corporation to the Company, or successive successions,
and the assumption by any successor corporation of the covenants, agreements and obligations of the Company pursuant to Article Eleven hereof; 
 (b) to provide for the issuance under this Indenture of Securities, whether or not then outstanding, in coupon form (including Securities registrable as to principal only) and to provide for exchangeability of such
Securities with Securities issued hereunder in fully registered form and to make all appropriate changes for such purpose; 
 (c) to cure any ambiguity or to correct or supplement any provision contained herein or in any supplemental indenture which may be defective or inconsistent with any other provision contained herein or in any supplemental indenture; to
convey, transfer, assign, mortgage or pledge any property to or with the Trustee; or to make such other provisions in regard to matters or questions arising under this Indenture as shall not adversely affect the interests of the Holders of the
Securities; and 
 (d) to evidence and provide for the acceptance and appointment hereunder by a successor trustee with
respect to the Securities of one or more series and to add or change any provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, pursuant to
Section 7.11. 
 The Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, to make
any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such
supplemental indenture which adversely affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Any
supplemental indenture authorized by the provisions of this Section may be executed by the Company and the Trustee without the consent of the Holders of any of the Securities at the time outstanding, notwithstanding any of the provisions of
Section 10.02. 
  

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 SECTION 10.02. Supplemental Indentures with
Consent of Securityholder. With the consent (evidenced as provided in Section 8.01) of the Holders of not less than 66 2/3% in aggregate principal amount of the Securities of all series at the time outstanding affected by such supplemental indenture (voting as one class), the Company, when authorized by a Board Resolution, and the Trustee may from time to time
and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act of 1939 as in force at the date of the execution thereof) for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of each such series; provided, however, that no such
supplemental indenture shall (i) extend the fixed maturity of any Securities, or reduce the principal amount thereof or premium, if any, or reduce the rate or extend the time of payment of interest thereon, without the consent of the Holder of
each Security so affected, (ii) reduce the aforesaid percentage of Securities, the consent of the Holders of which is required for any such supplemental indenture, without the consent of the Holders of all Securities then outstanding or
(iii) make any change to the provisions of Article Fourteen of this Indenture that would adversely affect the Holders without the consent of the Holder of each Security so affected. 
 Upon the request of the Company, accompanied by a copy of a Board Resolution certified by the Secretary or an Assistant Secretary of the Company
authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of securityholders as aforesaid, the Trustee shall join with the Company in the execution of such supplemental indenture
unless such supplemental indenture 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 supplemental indenture.

 It shall not be necessary for the consent of the securityholders under this section to approve the particular form of any proposed
supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
 Promptly after the execution by
the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Company shall mail a notice, setting forth in general terms the substance of such supplemental indenture, to all Holders of Securities of each
series so affected as the names and addresses of such Holders shall appear on the registry books. Any failure of the Company so to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
supplemental indenture. 
 SECTION 10.03. Compliance with Trust Indenture Act; Effect of Supplemental Indentures. Any supplemental
indenture executed pursuant to the provisions of this Article Ten shall comply with the Trust Indenture Act of 1939, as then in effect. Upon the exemption of any supplemental indenture pursuant to the provisions of this Article Ten, this Indenture
shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the Holders of Securities shall
thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and
conditions of this Indenture for any and all purposes. 
  

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 The Trustee, subject to the provisions of Sections 7.01 and 7.02, shall be given an Opinion of Counsel
and an Officers’ Certificate as conclusive evidence that any such supplemental indenture complies with the provisions of this Article Ten and all conditions precedent have been met. 
 SECTION 10.04. Notation on Securities. Securities of any series authenticated and delivered after the execution of any supplemental indenture
pursuant to the provisions of this Article Ten may bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. New Securities of any series so modified as to conform, in the opinion of the Board of
Directors of the Company, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered, without charge to the securityholders, in exchange for the
Securities of such series then outstanding. 
 ARTICLE ELEVEN 
 CONSOLIDATION, MERGER, SALE OR CONVEYANCE 
 SECTION 11.01. Company May Consolidate, etc., on Certain
Terms. The Company covenants that it will not merge or consolidate with any other corporation or sell or convey all or substantially all of its assets to any Person, firm or corporation, unless (i) either the Company shall be the continuing
corporation, or the successor corporation (if other than the Company) shall be a corporation organized and existing under the laws of the United States of America or a state thereof and such corporation shall expressly assume the due and punctual
payment of the principal of (and premium, if any) and interest on all the Securities, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed by the
Company by supplemental indenture satisfactory to the Trustee, executed and delivered to the Trustee by such corporation, and (ii) the Company or such successor corporation, as the case may be, shall not, immediately after such merger or
consolidation, or such sale or conveyance, be in default in the performance of any such covenant or condition. 
 SECTION 11.02.
Securities to be Secured in Certain Events. In case of any such consolidation, merger, sale or conveyance and upon any such assumption by the successor corporation, such successor corporation shall succeed to and be substituted for the
Company, with the same effect as if it had been named herein as the party of the first part. Such successor corporation thereupon may cause to be signed, and may issue either in its own name or in the name of GMAC LLC, any or all of the Securities
issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee, and upon the order of such successor corporation, instead of the Company, and subject to all the terms, conditions and limitations in this
Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities which such successor
corporation thereafter shall cause to be signed and delivered to the Trustee for that purpose. All of the Securities so issued 

  

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shall in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the
terms of this Indenture as though all of such Securities had been issued at the date of the execution hereof. 
 In case of any such
consolidation, merger, sale or conveyance such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 SECTION 11.03. Opinion of Counsel to be given Trustee. The Trustee, subject to the provisions of Sections 7.01 and 7.02, shall be given an Opinion
of Counsel as conclusive evidence that any such consolidation, merger, sale or conveyance, and any such assumption, complies with the provisions of this Article Eleven. 
 ARTICLE TWELVE 
 SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS 
 SECTION 12.01. Discharge of Indenture. If at any time (a) the Company shall have delivered to the Trustee for cancellation all Securities of
any series theretofore authenticated (other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.07), or (b) all such Securities of such
series not theretofore delivered to the Trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to
the Trustee for the giving of notice of redemption, and the Company shall deposit or cause to be deposited with the Trustee as trust funds the entire amount (other than moneys repaid by the Trustee or any paying agent to the Company in accordance
with Section 12.04) sufficient to pay at maturity or upon redemption all Securities of such series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such
date of maturity or date fixed for redemption, as the case may be, and if in either case the Company shall also pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then this Indenture shall cease to
be of further effect with respect to the Securities of such series, and the Trustee, on demand of and at the cost and expense of the Company and subject to Section 14.04, shall execute proper instruments acknowledging satisfaction of and
discharging this Indenture with respect to the Securities of such series. The Company agrees to reimburse the Trustee for any costs or expenses thereafter reasonably and properly incurred by the Trustee in connection with this indenture or the
Securities of such series. 
 SECTION 12.02. Deposited Moneys to be held in Trust by Trustee. All moneys deposited with the Trustee
pursuant to Section 12.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Company acting as its own paying agent), to the Holders of the particular Securities for the payment
or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest (and premium, if any). 
 SECTION 12.03. Paying Agent to Repay Moneys Held. In connection with the satisfaction and discharge of this Indenture with respect to securities of any series all moneys 

  

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with respect to such Securities then held by any paying agent under the provisions of this Indenture shall, upon demand of the Company, be repaid to it or
paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys. 
 SECTION
12.04. Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any paying agent for the payment of the principal of (and premium, if any) or interest on any Security and not applied but remaining unclaimed for three
years after the date upon which such principal (and premium, if any) or interest shall have become due and payable, shall be repaid to the Company by the Trustee or such paying agent on demand, and the Holder of such Security shall thereafter look
only to the Company for any payment which such Holder may be entitled to collect and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease. 
 ARTICLE THIRTEEN 
 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

 SECTION 13.01. Indenture and Securities Solely Corporate Obligations. No recourse under or upon any obligation, covenant or
agreement contained in this Indenture, or in any Security, or because of any indebtedness evidenced thereby, shall be had against any incorporator, or against any past, present or future stockholder, officer or director, as such, of the Company or
of any successor corporation, either directly or through the Company or any successor corporation, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or
otherwise, all such liability being expressly waived and released by the acceptance of the Securities by the Holders thereof and as part of the consideration for the issue of the Securities. 
 ARTICLE FOURTEEN 
 SUBORDINATION OF SECURITIES 
 SECTION 14.01. Securities Subordinate to Senior Indebtedness. The Company covenants and agrees, and each securityholder, by his acceptance
thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on each and
all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all existing and future Senior Indebtedness. The Company and each securityholder further agrees that the subordination
provisions provided for in this Article Fourteen is for the benefit of and enforceable by the holders of such Senior Indebtedness. 
 SECTION
14.02. Payment Over of Proceeds Upon Dissolution, etc. In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith,
relative to the Company or to its creditors, as such, or to its assets, or (b) any liquidation, dissolution or other winding up of the Company, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy or
(c) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of the Company, then and in any such event the holders of Senior Indebtedness 

  

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shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Indebtedness, or provision shall be made for
such payment in money or money’s worth, before the securityholders are entitled to receive any payment on account of principal of (or premium, if any) or interest on the Securities, and to that end the holders of Senior Indebtedness shall be
entitled to receive, for application to the payment thereof, any payment or distribution of any kind or character, whether in cash, property or securities, including any such payment or distribution which may be payable or deliverable by reason of
the payment of any other indebtedness of the Company being subordinated to the payment of the Securities, which may be payable or deliverable in respect of the Securities in any such case, proceeding, dissolution, liquidation or other winding up or
event. 
 In the event that, notwithstanding the foregoing provisions of this Section, the Trustee or the securityholder shall have received
any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, including any such payment or distribution which may be payable or deliverable by reason of the payment of any other indebtedness
of the Company being subordinated to the payment of the Securities, before all Senior Indebtedness is paid in full or payment thereof provided for, and if such fact shall, at or prior to the time of such payment or distribution, have been made known
to a Responsible Officer of the Trustee or, as the case may be, such Holder, then and in such event such payment or distribution shall be paid over or delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian,
assignee, agent or other Person making payment or distribution of assets of the Company for application to the payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior Indebtedness in full, after giving effect
to any concurrent payment or distribution to or for the holders of Senior Indebtedness. 
 For purposes of this Article only, the words
“cash, property or securities” shall not be deemed to include shares of stock of the Company as reorganized or readjusted, or securities of the Company or any other corporation provided for by a plan of reorganization or readjustment which
are subordinated in right of payment to all Senior Indebtedness which may at the time be outstanding to substantially the same extent as, or to a greater extent than, the Securities are so subordinated as provided in this Article. The consolidation
of the Company with, or the merger of the Company into, another Person or the liquidation or dissolution of the Company following the conveyance or transfer of its properties and assets substantially as an entirety to another Person upon the terms
and conditions set forth in Article Eleven shall not be deemed a dissolution, winding up, liquidation, reorganization, assignment for the benefit of creditors or marshalling of assets and liabilities of the Company for the purposes of this Section
if the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer such properties and assets substantially as an entirety, as the case may be, shall, as a part of such
consolidation, merger, conveyance or transfer, comply with the conditions set forth in Article Eleven. 
 SECTION 14.03. Prior Payment to
Senior Indebtedness Upon Acceleration of Securities. In the event that any Securities are declared due and payable before their maturity, then and in such event the holders of Senior Indebtedness shall be entitled to receive payment in full of
all amounts due or to become due on or in respect of all Senior Indebtedness or provision shall be made for such payment in money or money’s worth, before the securityholders are entitled 

  

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to receive any payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to
the payment of the Securities) by the Company on account of the principal of (or premium, if any) or interest on the Securities or on account of the purchase or other acquisition of Securities. 
 In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the securityholder prohibited by the foregoing
provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to a Responsible Officer of the Trustee or, as the case may be, such Holder, then and in such event such payment shall be paid over and
delivered forthwith to the Company. 
 The provisions of this Section shall not apply to any payment with respect to which Section 14.02
would be applicable. 
 SECTION 14.04. No Payment When Senior Indebtedness in Default. (a) In the event and during the
continuation of any default in the payment of principal of (or premium, if any) or interest on any Senior Indebtedness beyond any applicable grace period with respect thereto, or in the event that any event of default with respect to any Senior
Indebtedness shall have occurred and be continuing permitting the holders of such Senior Indebtedness (or a trustee on behalf of the Holders thereof) to declare such Senior Indebtedness due and payable prior to the date on which it would otherwise
have become due and payable, unless and until such event of default shall have been cured or waived or shall have ceased to exist and such acceleration shall have been rescinded or annulled, or (b) in the event any judicial proceeding shall be
pending with respect to any such default in payment or event of default, then no payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the
Securities) shall be made by the Company on account of principal of (or premium, if any) or interest on the Securities or on account of the purchase or other acquisition of Securities. 
 In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the securityholder prohibited by the foregoing
provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to a Responsible Officer of the Trustee or, as the case may be, such Holder, then and in such event such payment shall be paid over and
delivered forthwith to the Company. 
 The provisions of this Section shall not apply to any payment with respect to which Section 14.02
would be applicable. 
 SECTION 14.05. Payment Permitted in Certain Situations. Nothing contained in this Article or elsewhere in this
Indenture or in any of the Securities shall prevent the Company, at any time except during the pendency of any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshalling of assets and
liabilities of the Company referred to in Section 14.02 or under the conditions described in Section 14.03 or 14.04, from making payments at any time of principal of (and premium, if any) or interest on the Securities. 
  

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 SECTION 14.06. Subrogation to Rights of Holders of Senior Indebtedness. Subject to the payment in
full of all Senior Indebtedness, the securityholders shall be subrogated to the extent of the payments or distributions made to the holders of such Senior Indebtedness pursuant to the provisions of this Article (equally and ratably with the holders
of all indebtedness of the Company which by its express terms is subordinated to indebtedness of the Company to substantially the same extent as the Securities are subordinated and is entitled to like rights of subrogation) to the rights of the
holders of such Senior Indebtedness to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness until the principal of (and premium, if any) and interest on the Securities shall be paid in full. For
purposes of such subrogation, no payments or distributions to the holders of the Senior Indebtedness of any cash, property or securities to which the securityholders or the Trustee would be entitled except for the provisions of this Article, and no
payments over pursuant to the provisions of this Article to the holders of Senior Indebtedness by securityholders or the Trustee, shall, as among the Company, its creditors other than holders of Senior Indebtedness and the securityholders, be deemed
to be a payment or distribution by the Company to or on account of the Senior Indebtedness. 
 SECTION 14.07. Provisions Solely to Define
Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of Securities on the one hand and the holders of Senior Indebtedness on the other hand. Nothing contained
in this Article or elsewhere in this Indenture or in the Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of Securities, the obligation of the Company,
which is absolute and unconditional, to pay to the Holders of Securities the principal of (and premium, if any) and interest on the Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the
relative rights against the Company of the Holders of Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the securityholder from exercising all remedies otherwise permitted by
applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness, to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder.

 SECTION 14.08. Trustee to Effectuate Subordination. Each securityholder by his acceptance thereof authorizes and directs the
Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes. 
 SECTION 14.09. Reliance; No Waiver of Subordination Provisions. Each Holder by accepting a Security acknowledges and agrees that the subordination
provisions provided for in this Article Fourteen are, and are intended to be, an inducement and a consideration to each holder of Senior Indebtedness, whether such Senior Indebtedness was created or acquired before or after the issuance of the
Securities, to acquire and continue to hold, or to continue to hold, such Senior Indebtedness and such holder of such Senior Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to
hold, or in continuing to hold, such Senior Indebtedness. 
  

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 No right of any present or future holder of any Senior Indebtedness to enforce subordination as herein
provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any non-compliance by the Company with the terms,
provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. 
 Without in any way limiting the generality of the foregoing paragraph, the holders of Senior Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or the securityholders, without incurring
responsibility to the securityholders and without impairing or releasing the subordination provided in this Article or the obligations hereunder of the securityholders to the holders of Senior Indebtedness do any one or more of the following:
(i) change the manner, place or terms of payment or extend the time of payment of, or renew or alter or otherwise amend or supplement in any manner Senior Indebtedness or any instrument evidencing the same or any agreement under which Senior
Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (iii) release any Person liable in any manner for the collection of Senior
Indebtedness; and (iv) exercise or refrain from exercising any rights against the Company and any other Person. 
 SECTION 14.10.
Notice to Trustee. The Company shall give prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any payment to or by the Trustee in respect of the Securities. Notwithstanding the provisions
of this Article or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee in respect of the Securities, unless and
until a Responsible Officer of the Trustee shall have received written notice thereof from the Company or a holder of Senior Indebtedness or from any trustee therefor; and, prior to the receipt of any such written notice, the Trustee, subject to the
provisions of Article Seven, shall be entitled in all respects to assume that no such facts exist. 
 Subject to the provisions of Article
Seven, the Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness (or a trustee therefor) to establish that such notice has been given by a holder of Senior
Indebtedness (or a trustee therefor). In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of Senior Indebtedness to participate in any payment or distribution
pursuant to this Article, the Trustee may, but shall not be required to, request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such
Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial
determination as to the right of such Person to receive such payment. 
 SECTION 14.11. Reliance on Judicial Order or Certificate of
Liquidating Agent. Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee, subject to the provisions of Article Seven, and the securityholders shall be entitled to rely 

  

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upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization,
dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors, agent or other Person making such payment or
distribution, delivered to the Trustee or to the securityholders, for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the
amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article. 
 SECTION 14.12. Trustee Not Fiduciary for Holders of Senior Indebtedness or Entitled Persons. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to any such holders
or creditors if it shall mistakenly or otherwise in good faith pay over or distribute to securityholders or to the Company or to any other Person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of
this Article or otherwise. 
 SECTION 14.13. Rights of Trustee as Holder of Senior Indebtedness or Entitled Person; Preservation of
Trustee’s Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of
Senior Indebtedness, as the case may be, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. 
 Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 7.06. 
 SECTION
14.14. Article Applicable to Paying Agents. In case at any time any paying agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall in such
case (unless the context otherwise requires) be construed as extending to and including such paying agent within its meaning as fully for all intents and purposes as if such paying agent were named in this Article in addition to or in place of the
Trustee; provided, however, that Section 14.13 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as paying agent. 
 ARTICLE FIFTEEN 
 MISCELLANEOUS PROVISIONS 
 SECTION 15.01. Benefits of Indenture Restricted to Parties and Securityholders. Nothing in this Indenture or in the Securities, expressed or
implied, shall give or be construed to give to any person, firm or corporation, other than the parties hereto and their successors and the Holders of the Securities, any legal or equitable right, remedy or claim under this Indenture or under any
covenant or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and of the Holders of the Securities. 
  

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 SECTION 15.02. Provisions Binding on Company’s Successors. All the covenants, stipulations,
promises and agreements in this Indenture contained by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not. 
 SECTION 15.03. Addresses for Notices, etc. Any notice or demand which by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the Holders of Securities to or on
the Company may be given or served by being deposited postage prepaid first class mail in a post office letter box addressed (until another address is filed by the Company with the Trustee), as follows: GMAC LLC, 200 Renaissance Center, Detroit,
Michigan 48265. Any notice, direction, request or demand by any securityholder to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made in writing at the Corporate Trust Office of the
Trustee. 
 SECTION 15.04. Evidence of Compliance with Conditions Precedent. Upon any application or demand by the Company to the
Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions 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 have been complied with, except that in the case of any such application or demand as to which the furnishing of such
documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 
 Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant provided
for in this Indenture shall include (1) a statement that the person making such certificate or opinion has read such covenant or condition; (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 such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to
whether or not such covenant or condition has been complied with; and (4) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 
 SECTION 15.05. Legal Holidays. In any case where the date of maturity of interest on or principal of the Securities or the date fixed for
redemption of any Securities shall be a Saturday or Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized by law or required by executive order to close, then payment of
interest or principal (and premium, if any) need not be made on such date but may be made on the next succeeding business day with the same force and effect as if made on the date of maturity or the date fixed for redemption, and no interest shall
accrue for the period after such date. 
 SECTION 15.06. Trust Indenture Act to Control. If and to the extent that any provision of
this Indenture limits, qualifies or conflicts with another provision included in this Indenture which is required to be included in this Indenture by any of Sections 310 to 318(a), inclusive, of the Trust Indenture Act of 1939, such required
provision shall control. 
  

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 SECTION 15.07. Execution in Counterparts. This Indenture may be executed in any number of
counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 
 SECTION
15.08. New York Contract. This Indenture and each Security shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be governed by and construed in accordance with the laws of said State.

 SECTION 15.09. Securities in a Foreign Currency. Unless otherwise specified in an Officer’s Certificate delivered pursuant to
Section 2.03 of this Indenture with respect to a particular series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all series
at the time outstanding and, at such time, there are outstanding Securities of any series which are denominated in a coin or currency other than United States dollars, then the principal amount of Securities of such series which shall be deemed to
be outstanding for the purpose of taking such action shall be that amount of United States dollars that could be obtained for such amount at the Market Exchange Rate. For purposes of this Section 15.09, Market Exchange Rate shall mean the noon
United States dollar buying rate for that currency for cable transfers quoted in New York City as certified for customs purposes by the Federal Reserve Bank of New York; provided, however, in the case of ECUs, Market Exchange Rate
shall mean the rate of exchange determined by the Commission of the European Communities (or any successor thereto) as published in the Official Journal of the European Communities (such publication or any successor publication, the
“Journal”). If such Market Exchange Rate is not available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of New York
or, in the case of ECUs, the rate of exchange as published in the Journal, as of the most recent available data, or quotations or, in the case of ECUs, rates of exchange from one or more major banks in New York City or in the country of issue of the
currency in question, which for purposes of the ECU shall be Brussels, Belgium, or such other quotations or, in the case of ECUs, rates of exchange as the Trustee shall deem appropriate. The provisions of this paragraph shall apply in determining
the equivalent number of votes which each securityholder or proxy shall be entitled to pursuant to Section 9.05 in respect of Securities of a series denominated in a currency other than United States dollars. 
 All decisions and determinations of the Trustee regarding the Market Exchange Rate shall be in its sole discretion and shall, in the absence of manifest
error, be conclusive for all purposes and irrevocably binding upon the Company and all Holders. 
 SECTION 15.10. Judgment Currency.
The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert any sum due in respect of the principal of, premium, if any,
or interest on the Securities of any series (the “Required Currency”) into United States dollars, the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The
City of New York the Required Currency on the New York Banking Day preceding that on which final judgment is given and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or
satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered 

  

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in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the
actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the
Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under
this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized
by law or required by executive order to close. 
 SECTION 15.11. 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 15.12.
Severability 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 implied
thereby. 
 SECTION 15.13. Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. 
 SECTION 15.14. 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. 
  

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 IN WITNESS WHEREOF, GMAC LLC, the party of the first part,
has caused this Indenture to be signed and acknowledged by its Chairman of the Board or its President or one of its Executive Vice Presidents or one of its Vice Presidents; and THE BANK OF
NEW YORK MELLON, the party of the second part, has caused this Indenture to be signed by one of its Vice Presidents or Trust Officers, as of the day and year first above written. 
  

			
	GMAC LLC
		
	By:	 	 /s/ David C. Walker

	Name:	 	David C. Walker
	Title:	 	Group Vice President and Treasurer of the Company
	
	THE BANK OF NEW YORK MELLON
		
	By:	 	 /s/ Sherma Thomas

	Name:	 	Sherma Thomas
	Title:	 	Assistant Treasurer


  

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 EXHIBIT A 
 Form of Initial Security and Exchange Security 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR
THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER: 
  

	 	(i)	REPRESENTS THAT IT (A)(I) IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A TO THE SECURITIES ACT, A “QIB”) AND (II) IS ACQUIRING THIS SECURITY FOR ITS OWN
ACCOUNT OR FOR THE ACCOUNT OF A QIB OR (B) IS NOT A U.S. PERSON, IS NOT ACQUIRING THIS SECURITY FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE
SECURITIES ACT AND (C) (i) IS NOT A PLAN (AS DEFINED HEREIN) AND NO PORTION OF THE ASSETS USED TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES ASSETS OF ANY PLAN OR (ii) THE ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A
NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS;


  

	 	(ii)	AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) TO A PERSON WHOM THE HOLDER REASONABLY BELIEVES
IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB, IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT,
(D) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (E) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND, IN EACH CASE, IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS; AND 

  

	 	(iii)	AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY OR AN INTEREST HEREIN IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE (ii)(D) OR (ii)(E) ABOVE) A NOTICE
SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. 

  

 A-1 








 IN CONNECTION WITH ANY TRANSFER OF THIS SECURITY
OR ANY INTEREST HEREIN WITHIN THE TIME PERIOD REFERRED TO ABOVE, THE HOLDER MUST CHECK THE APPROPRIATE BOX SET FORTH ON THE REVERSE HEREOF RELATING TO THE MANNER OF SUCH TRANSFER AND SUBMIT THIS CERTIFICATE TO THE TRUSTEE. AS USED HEREIN, THE TERMS
“OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANINGS GIVEN TO THEM BY RULE 902 OF REGULATION S UNDER THE SECURITIES ACT.1 
  

	 1
	 This legend shall not appear on any “Exchange Securities” (as defined in the Registration Rights Agreement
dated December [    ], 2008 among GMAC LLC and Banc of America Securities LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Barclays Capital Inc., Credit Suisse Securities (USA) LLC,
Deutsche Bank Securities Inc., Morgan Stanley Incorporated and Co. and Greenwich Capital Markets, Inc.). 


  

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 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York
corporation (“DTC”), to GMAC LLC or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
  

									
	 No. [            ]
	 		 		 		 	[144A/Reg S] CUSIP: [
		 		 		 		 	]
		 		 		 	            [144A/Reg S] ISIN: [            ]


 8.00% Subordinated Note Due 2018 
 GMAC LLC 
 promises to pay to Cede& Co. or registered assigns, 
 the principal sum of
                                        
on December 31, 2018. 
 Interest Payment Dates: June 30 and December 31 (or, if any such day is not a Business Day, the next succeeding
Business Day) 
 Record Dates: The calendar day immediately preceding the relevant interest payment date. 
 Dated: December 31, 2008 
 [ADDITIONAL
PROVISIONS OF THIS NOTE ARE SET FORTH ON THE REVERSE SIDE OF
THIS NOTE] 
  

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 WITNESS THE SEAL OF THE COMPANY AND THE SIGNATURES OF ITS DULY AUTHORIZED OFFICERS. 
  

			
	GMAC LLC
		
	By:	 	  

	Title:	 	
		
	By:	 	  

	Title:	 	


 Dated: December 31, 2008 
  

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 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 THIS IS ONE OF THE SECURITIES OF THE 
 SERIES DESIGNATED THEREIN REFERRED TO 
 IN THE WITHIN-MENTIONED INDENTURE. 
 THE BANK OF NEW YORK MELLON, 

    AS TRUSTEE, 
  

			
	By:	 	  

		 	Authorized Signatory

 Dated: December 31, 2008 
  

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 [REVERSE SIDE OF NOTE] 
  
 8.00% Subordinated Note due 2018 
 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
 GMAC LLC, a Delaware limited liability company (hereinafter called the “Company”, which term includes any successor under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
[            ]($[            ]) at the office or agency of the Company for such purpose in the Borough of Manhattan, The City of
New York, on December 31, 2018, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest on said principal sum at the rate of
8.00% per annum at the office or agency of the Company in the Borough of Manhattan, The City of New York, in like coin or currency on June 30 and December 31 (each, an “Interest Payment Date”) of each year, beginning
on June 30, 2009. Such interest will accrue from and including December 31, 2008 or the most recent Interest Payment Date (whether or not such Interest Payment Date was a Business Day (as defined below)) for which interest had been paid or
duly provided for to but excluding the relevant Interest Payment Date. The Company also hereby promises to pay Additional Interest (as defined in the Registration Rights Agreement (as defined below)), if any, pursuant to the terms of the
Registration Rights Agreement. The first payment to be made on June 30, 2009 is in respect of the period from and including December 31, 2008 to but excluding June 30, 2009. The interest and Additional Interest, if any, so payable on
any Interest Payment Date will, subject to certain exceptions provided in the Indenture referred to below, be paid to the person in whose name this 8.00% Subordinated Note (as defined below) is registered at the close of business on the calendar day
immediately preceding such Interest Payment Date. At the option of the Company, interest and Additional Interest, if any, may be paid by check to the registered holder hereof entitled thereto at his last address as it appears on the registry books,
and principal may be paid by check to the registered holder hereof or other person entitled thereto against surrender of this 8.00% Subordinated Note. 
 If an Interest Payment Date falls on a day that is not a Business Day, the interest payment will be postponed to the next succeeding Business Day, with the same force and effect as if made on the date such payment was
due, and no interest will accrue as a result of such delay. “Business Day” is any day which is not a Saturday or Sunday or a day on which banking institutions in New York, New York are authorized or obligated by law or executive
order to close. 
 This 8.00% Subordinated Note is not a savings or a deposit account or other obligation of any bank and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. 
 This 8.00% Subordinated Note is one of a duly
authorized issue of subordinated debentures, notes, bonds or other evidences of indebtedness of the Company (hereinafter called the “Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to
an indenture dated as December 31, 2008 (as may be supplemented from time to time, herein 

  

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called the “Indenture”), duly executed and delivered by the Company to The Bank of New York Mellon (herein called the
“Trustee”, which term includes any successor trustee under the Indenture), to which the Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations,
duties and immunities thereunder of the Trustee, the Company and the Holders of the Securities. The terms of this 8.00% Subordinated Note include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture
Act. The Securities are subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the
terms of this 8.00% Subordinated Note and the terms of the Indenture, the terms of this 8.00% Subordinated Note shall control. The Securities may be issued in one or more series, which different series may be issued in various aggregate principal
amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different redemption provisions (if any), and may otherwise vary as in the Indenture provided. This 8.00% Subordinated Note is one of
[    ] global notes which together represent all of the Company’s 8.00% Subordinated Notes Due December 31, 2018 (the “8.00% Subordinated Notes”, which term shall include any Additional Notes (as
defined below)), limited in initial issuance to the aggregate principal amount of $482,923,000. The 8.00% Subordinated Notes will bear interest, calculated on the basis of a 360-day year consisting of twelve 30-day months. 
 The 8.00% Subordinated Notes are in registered book-entry form without coupons in initial denominations of $2,000 and integral multiples of $1,000.

 In case a Bankruptcy Event of Default, as defined in the Indenture, with respect to the 8.00% Subordinated Notes, shall have occurred and
be continuing, the principal hereof may be declared, and upon such declaration shall become, due and payable in the manner, with the effect and subject to the conditions provided in the Indenture. Upon an Event of Default (other than a Bankruptcy
Event of Default), as defined in the Indenture, however, the Trustee may not act to accelerate the outstanding principal amount of the 8.00% Subordinated Notes. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the
Holders of not less than 66  2/3% in aggregate principal amount of the Securities at the time outstanding (as defined in the
Indenture) of all series to be affected by the execution of such supplemental indentures referred to in this sentence (voting as one class), evidenced as in the Indenture provided, to execute supplemental indentures adding any provisions to or
changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the Holders of the Securities of each such series; provided, that no such supplemental
indenture shall (i) extend the fixed maturity of any Security, or reduce the principal amount thereof or premium, if any, or reduce the rate or extend the time of payment of any interest thereon, without the consent of the Holder of each
Security so affected, (ii) reduce the aforesaid percentage of Securities, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holders of all Securities then outstanding or (iii) make
any change to the provisions of Article Fourteen of the Indenture that would adversely affect the Holders of the Securities without the consent of the Holder of each of the Securities so affected. Any such consent or waiver by the Holder of this
8.00% Subordinated Note shall be conclusive and binding upon such Holder and upon all future Holders of this 8.00% Subordinated Note and of any 8.00% Subordinated Note issued upon the registration of transfer hereof or in lieu hereof, whether or not
notation for such consent or waiver is made upon this 8.00% Subordinated Note. 
  

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 No reference herein to the Indenture and no provision of this 8.00% Subordinated Note or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest and Additional Interest, if any, on this 8.00% Subordinated Note at the place, at the respective times, at the rate, and
in the coin or currency, herein prescribed. 
 The Company may from time to time, without notice to or the consent of the registered holders
of the 8.00% Subordinated Notes, create and issue additional notes (the “Additional Notes”) ranking pari passu with the 8.00% Subordinated Notes in all respects (or in all respects except for the payment of interest accruing
prior to the issue date of such Additional Notes or except for the first payment if interest following the issue date of such Additional Notes). Such Additional Notes may be consolidated and form a single series with the 8.00% Subordinated Notes and
have the same terms as to status, redemption or otherwise as the 8.00% Subordinated Notes. 
 This 8.00% Subordinated Note may not be
redeemed prior to maturity, except as set forth below. 
 The 8.00% Subordinated Notes are subordinated to Senior Indebtedness of the Company
on the terms and subject to the conditions set forth in the Indenture. To the extent provided in the Indenture, Senior Indebtedness must be paid before the 8.00% Subordinated Notes may be paid. The Company agrees, and each Holder by accepting an
8.00% Subordinated Note agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee to give them effect and appoints the Trustee as attorney-in-fact for such purpose. 
 Upon due presentment for registration of transfer of this 8.00% Subordinated Note at the office or agency designated and maintained by the Company for
such purpose in the Borough of Manhattan, The City of New York, pursuant to the provisions of the Indenture, a new 8.00% Subordinated Note for an equal aggregate principal amount will be issued to the transferee in exchange therefor, subject to the
limitations provided in the Indenture, without charge except for any tax or other governmental charge imposed in connection therewith. 
 The
Company, the Trustee and any authorized agent of the Company or the Trustee may deem and treat the Holder in whose name this 8.00% Subordinated Note is registered upon the books of the Company to be, and may treat such Holder as, the absolute owner
of this 8.00% Subordinated Note (whether or not this 8.00% Subordinated Note shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of receiving payment of, or on account of, the principal hereof
(and premium, if any) and interest hereon, and for all other purposes, and neither the Company nor the Trustee nor any authorized agent of the Company or the Trustee shall be affected by any notice to the contrary. 
 No recourse under or upon any obligation, covenant or agreement in the Indenture or any indenture supplemental thereto or in any Security, or because of
any indebtedness represented thereby, shall be had against any incorporator, or against any past, present or future stockholder, 

  

 A-3 








 
officer or director, as such, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, under any
rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance hereof and as part of the
consideration for the issue hereof. 
 In addition to the rights provided to Holders of Securities under the Indenture, Holders of a 8.00%
Subordinated Note will have, subject to the terms thereof, all the rights set forth in the Registration Rights Agreement dated as of December 31, 2008, among the Company and Banc of America Securities LLC, Citigroup Global Markets Inc.,
Goldman, Sachs & Co., J.P. Morgan Securities Inc., Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley Incorporated and Co. and Greenwich Capital Markets, Inc., as such agreement may be
amended, modified or supplemented from time to time in accordance with the terms thereof (the “Registration Rights Agreement”). For the avoidance of doubt, the term “interest” as used in the Indenture and hereunder shall
be deemed to include “Additional Interest” as defined in and pursuant to the Registration Rights Agreement. 
 For purposes of the
legend appearing on the face of this 8.00% Subordinated Note, “Plan” means an employee benefit plan or any other plan subject to Title I of The Employee Retirement Income Security Act of 1974, as amended, or Section 4975 of the
Internal Revenue Code of 1986, as amended, including an individual retirement account or a Keogh plan, a plan subject to provisions under applicable federal, state, local, non-U.S. or other laws or regulations that are similar to the provisions of
Title I of The Employee Retirement Income Security Act of 1974, as amended, or Section 4975 of the Internal Revenue Code of 1986, as amended, and any entity whose underlying assets include “plan assets” by reason of any such employee
benefit or retirement plan’s investment in such entity. 
 This 8.00% Subordinated Note is governed by and construed in accordance with
the laws of the State of New York. 
 This 8.00% Subordinated Note shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been signed by the Trustee under the Indenture. 
 The Company will furnish to any Holder
upon written request and without charge a copy of the Indenture and/or the Registration Rights Agreement. 
  

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 ASSIGNMENT FORM 
 FOR VALUE RECEIVED the undersigned hereby sells, 
 assigns and transfers unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
  
  
  
  
 Please print or typewrite name and address including postal zip
code of assignee 
  
  
 the within 8.00% Subordinated Note of GMAC LLC and hereby irrevocably constitutes and appoints 

			
	  
	 	attorney to transfer
	said 8.00% Subordinated Note on the books of the within-named Company, with full power of substitution in the premises.

 Dated:
                             
  

			
	SIGN HERE	 	  

		 	NOTICE: THE SIGNATURE OF THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE
WHATEVER.
		
		 	SIGNATURE GUARANTEED


  

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 FORM OF CERTIFICATE OF TRANSFER

 GMAC LLC 
 200 Renaissance Center 
 Detroit, Michigan 48265 
 Attention: General Counsel 
 The Bank of New York Mellon 
 101 Barclay Street, Floor 8W 
 New York, New York 10286 
 Fax No.: (212) 815-3272 
 Attention: Corporate Trust Administration 
  

	 	Re:	8.00% Subordinated Notes due 2018 

 Reference is hereby
made to the Indenture, dated as of December 31, 2008 (as may be supplemented from time to time, herein called, the “Indenture”), between GMAC LLC and the Trustee. Capitalized terms used but not defined herein shall have the
meanings given to them in the Indenture. 
                          (the “Transferor”) owns and proposes to transfer the 8.00% Subordinated
Note[s] or interest in such 8.00% Subordinated Note[s] specified in Annex A hereto, in the principal amount of $                     in such
note[s] or interest (the “Transfer”), to                              (the
“Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 
 1. [    ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE 8.00%
SUBORDINATED NOTE PURSUANT TO RULE 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor
hereby further certifies that the beneficial interest or 8.00% Subordinated Note is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or 8.00% Subordinated Note for its own account, or for
one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the
requirements of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. 
 2. [    ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE REGULATION S 8.00% SUBORDINATED NOTE PURSUANT TO REGULATION S. The Transfer is being effected pursuant to and in accordance with Rule 903
or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy 

  

 A-6 








 
order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes
that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the
transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act (iii) the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the restricted period (as described in Regulation S under the
Securities Act), the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or 8.00%
Subordinated Note will be subject to the restrictions on Transfer enumerated in the Indenture and the Securities Act. 
 3.
[    ] CHECK AND COMPLETE IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN THE 8.00% SUBORDINATED NOTE PURSUANT TO ANY PROVISION OF THE SECURITIES ACT OTHER THAN RULE 144A OR REGULATION S. The Transfer is being
effected in compliance with the transfer restrictions applicable to a beneficial interest in the 8.00% Subordinated Note and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United
States, and accordingly the Transferor hereby further certifies that (check one): 
 (a) [    ] such Transfer is being
effected pursuant to and in accordance with Rule 144 under the Securities Act; 
 or 
 (b) [    ] such Transfer is being effected to the Company or a subsidiary thereof; 
 or 
 (c) [    ] such
Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act. 
 4. [    ] CHECK IF TRANSFEREE WILL TAKE DELIVERY OF A BENEFICIAL INTEREST IN AN UNRESTRICTED 8.00% SUBORDINATED NOTE. 
 (a) [    ] CHECK IF TRANSFER IS PURSUANT TO RULE 144. (i) The Transfer is being effected pursuant to and in accordance with Rule
144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the
Indenture and the Restrictive Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or 8.00%
Subordinated Note will no longer be subject to the restrictions on transfer enumerated in the Restrictive Legend printed on Restricted Securities issued under the Indenture and in the Indenture. 
  

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 (b) [    ] CHECK IF TRANSFER IS PURSUANT TO REGULATION S. (i) The Transfer is
being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States
and (ii) the restrictions on transfer contained in the Indenture and the Restrictive Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the
Indenture, the transferred beneficial interest or 8.00% Subordinated Note will no longer be subject to the restrictions on transfer enumerated in the Restrictive Legend printed on Restricted Securities issued under the Indenture and in the
Indenture. 
 (c) [    ] CHECK IF TRANSFER IS PURSUANT TO OTHER EXEMPTION. (i) The Transfer is being effected
pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue
sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Restrictive Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the
proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or 8.00% Subordinated Note will not be subject to the restrictions on transfer enumerated in the Restrictive Legend printed on Restricted Securities
issued under the Indenture and in the Indenture. 
  

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 This certificate and the statements contained herein are made for your benefit and the benefit of the
issuer. 
  

			
	[Insert Name of Transferor]
		
	By:	 	  

	Name:	 	
	Title:	 	


 Dated:
                                         
            
  

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 ANNEX A TO CERTIFICATE OF TRANSFER 
  

	1.	The Transferor owns and proposes to transfer the following: 

 [CHECK ONE OF (a) OR (b)] 
 a beneficial interest in the: 
  

	 	(a)	[    ] 144A Note (CUSIP
[                        ]), or 

  

	 	(b)	[    ] Regulation S Note (CUSIP
[                        ]) 

  

	2.	After the Transfer the Transferee will hold: 

 [CHECK ONE]

 a beneficial interest in the: 
  

	 	(a)	[    ] 144A Global Note (CUSIP
[                        ]), 

  

	 	(b)	[    ] Regulation S Global Note (CUSIP
[                        ]), or 

  

	 	(c)	[    ] Unrestricted Global Note (CUSIP
[                        ]) 

  

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