Document:

Exhibit 4.4

    

    

    INDENTURE

    

    

    Dated as of

    

    

    [__________], 20[__]

    

    

    between

    

    

    SEA LIMITED

    

    

    as Company

    

    

    and

    

    

    WILMINGTON TRUST, NATIONAL ASSOCIATION

    

    

    as Trustee

    

    

    

    

    

    

    DEBT SECURITIES

    

    

    
      

      
        

      

    

    CROSS-REFERENCE TABLE

    

    

    

    

    	
            Trust Indenture Act Section

          	 	
            Indenture Section

          
	
            Sec. 310(a)

          	 	
            11.04(a)

          
	
            (b)

          	 	
            11.04(b), 11.05

          
	
            Sec. 311

          	 	
            11.01(f)

          
	
            Sec. 312(a)

          	 	
            10.03

          
	
            (b)

          	 	
            11.09

          
	
            (c)

          	 	
            11.09

          
	
            Sec. 313(a)

          	 	
            10.01(a)

          
	
            (b)

          	 	
            10.01(a)

          
	
            (c)

          	 	
            10.01(b)

          
	
            (d)

          	 	
            10.01(b)

          
	
            Sec. 314(a)(1)

          	 	
            10.02

          
	
            (a)(2)

          	 	
            10.02

          
	
            (a)(4)

          	 	
            6.08

          
	
            (c)

          	 	
            16.01(a)

          
	
            (e)

          	 	
            16.01(b)

          
	
            Sec. 315(a)(1)

          	 	
            11.02(b)(i)

          
	
            (a)(2)

          	 	
            11.02(b)(ii)

          
	
            (b)

          	 	
            11.03

          
	
            (c)

          	 	
            11.02(a)

          
	
            (d)

          	 	
            11.02(b)

          
	
            (e)

          	 	
            7.08

          
	
            Sec. 316(a) (last sentence)

          	 	
            1.01 (definition of “Outstanding”)

          
	
            (a)(1)

          	 	
            7.06

          
	
            (b)

          	 	
            7.07

          
	
            (c)

          	 	
            8.02(e), 14.02(d)

          
	
            Sec. 317(a)

          	 	
            7.03, 7.04

          
	
            (b)

          	 	
            6.03(c)

          
	
            Sec.318

          	 	
            16.02

          

    

    

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

    

    

    
      

      
        

      

    

    TABLE OF CONTENTS

    

    

    Page

    

    

    ARTICLE I

    

    

    DEFINITIONS

    

    

    	
            Section 1.01

          	
            Definitions.

          	
            1

          
	
            Section 1.02

          	
            Rules of Construction

          	
            9

          

    

    

    ARTICLE II

    

    

    FORMS OF SECURITIES

    

    

    	
            Section 2.01

          	
            Form Generally.

          	
            10

            

          
	
            Section 2.02

          	
            Form of Trustee’s Certificate of Authentication.

          	
            10

          

    

    

    ARTICLE III

    

    

    THE DEBT SECURITIES

    

    

    	
            Section 3.01

          	
            Amount Unlimited; Issuable in Series

          	
            11

          
	
            Section 3.02

          	
            Denominations

          	
            14

          
	
            Section 3.03

          	
            Execution, Authentication, Delivery and Dating.

          	
            14

          
	
            Section 3.04

          	
            Temporary Securities.

          	
            16

          
	
            Section 3.05

          	
            Registrar.

          	
            17

          
	
            Section 3.06

          	
            Transfer and Exchange.

          	
            18

          
	
            Section 3.07

          	
            Mutilated, Destroyed, Lost and Stolen Securities.

          	
            22

          
	
            Section 3.08

          	
            Payment of Interest; Interest Rights Preserved.

          	
            22

          
	
            Section 3.09

          	
            Cancellation

          	
            23

          
	
            Section 3.10

          	
            Computation of Interest

          	
            23

          
	
            Section 3.11

          	
            Currency of Payments in Respect of Securities. Any series, payment of the principal of, premium, if any, and interest on, Securities of such series shall be made in U.S. Dollars.

          	
            24

          
	
            Section 3.12

          	
            CUSIP Numbers

          	
            24

          

    

    

    ARTICLE IV

    

    

    REDEMPTION OF SECURITIES

    

    

    	
            Section 4.01

          	
            Applicability of Right of Redemption

          	
            25

          
	
            Section 4.02

          	
            Selection of Securities to be Redeemed.

          	
            25

          
	
            Section 4.03

          	
            Notice of Redemption.

          	
            25

          
	
            Section 4.04

          	
            Deposit of Redemption Price

          	
            27

          
	
            Section 4.05

          	
            Securities Payable on Redemption Date

          	
            27

          
	
            Section 4.06

          	
            Securities Redeemed in Part

          	
            27

          
	
            Section 4.07

          	
            Tax Redemption

          	
            28

          

    

    

    
      

      
        

      

    

    
    ARTICLE V

    

    

    SINKING FUNDS

    

    

    	
            Section 5.01

          	
            Applicability of Sinking Fund.

          	
            29

            

          
	
            Section 5.02

          	
            Mandatory Sinking Fund Obligation

          	
            29

            

          
	
            Section 5.03

          	
            Optional Redemption at Sinking Fund Redemption Price

          	
            29

          
	
            Section 5.04

          	
            Application of Sinking Fund Payment.

          	
            30

            

          

    

    

    ARTICLE VI

    

    

    PARTICULAR COVENANTS OF THE COMPANY

    

    

    	
            Section 6.01

          	
            Payments of Principal, Premium and Interest

          	
            31

            

          
	
            Section 6.02

          	
            Maintenance of Office or Agency; Paying Agent.

          	
            31

            

          
	
            Section 6.03

          	
            To Hold Payment in Trust.

          	
            32

            

          
	
            Section 6.04

          	
            Merger, Consolidation and Sale of Assets

          	
            33

            

          
	
            Section 6.05

          	
            Additional Amounts

          	
            34

          
	
            Section 6.06

          	
            Payment for Consent

          	
            36

          
	
            Section 6.07

          	
            Compliance Certificate

          	
            36

          
	
            Section 6.08

          	
            Conditional Waiver by Holders of Securities

          	
            37

          
	
            Section 6.09

          	
            Statement by Officers as to Default

          	
            37

          

    

    

    ARTICLE VII

    

    

    REMEDIES OF TRUSTEE AND SECURITYHOLDERS

    

    

    	
            Section 7.01

          	
            Events of Default

          	
            37

          
	
            Section 7.02

          	
            Acceleration; Rescission and Annulment.

          	
            39

          
	
            Section 7.03

          	
            Other Remedies

          	
            40

            

          
	
            Section 7.04

          	
            Trustee as Attorney-in-Fact

          	
            40

          
	
            Section 7.05

          	
            Priorities

          	
            40

          
	
            Section 7.06

          	
            Control by Securityholders; Waiver of Past Defaults

          	
            41

          
	
            Section 7.07

          	
            Limitation on Suits

          	
            42

          
	
            Section 7.08

          	
            Undertaking for Costs

          	
            42

          
	
            Section 7.09

          	
            Remedies Cumulative; Delay or Omission Not Waiver

          	
            43

          

    

    

    
      

      ii

      
        

      

    

    ARTICLE VIII

    

    

    CONCERNING THE SECURITYHOLDERS

    

    

    	
            Section 8.01

          	
            Evidence of Action of Securityholders

          	
            43

          
	
            Section 8.02

          	
            Proof of Execution or Holding of Securities

          	
            44

          
	
            Section 8.03

          	
            Persons Deemed Owners.

          	
            44

          
	
            Section 8.04

          	
            Effect of Consents

          	
            45

          

    

    

    ARTICLE IX

    

    

    SECURITYHOLDERS’ MEETINGS

    

    

    	
            Section 9.01

          	
            Purposes of Meetings

          	
            45

          
	
            Section 9.02

          	
            Call of Meetings by Trustee

          	
            45

          
	
            Section 9.03

          	
            Call of Meetings by Company or Securityholders

          	
            45

          
	
            Section 9.04

          	
            Qualifications for Voting

          	
            46

          
	
            Section 9.05

          	
            Regulation of Meetings.

          	
            46

          
	
            Section 9.06

          	
            Voting

          	
            47

          
	
            Section 9.07

          	
            No Delay of Rights by Meeting

          	
            47

          

    

    

    
      

      iii

      
        

      

    

    ARTICLE X

    

    

    REPORTS BY THE COMPANY AND THE TRUSTEE AND

    

    

    SECURITYHOLDERS’ LISTS

    

    

    	
            Section 10.01

          	
            Reports by Trustee.

          	
            47

          
	
            Section 10.02

          	
            Reports by the Company

          	
            48

          
	
            Section 10.03

          	
            Securityholders’ Lists

          	
            48

          

    

    

    ARTICLE XI

    

    

    CONCERNING THE TRUSTEE

    

    

    	
            Section 11.01

          	
            Rights of Trustees; Compensation and Indemnity

          	
            49

          
	
            Section 11.02

          	
            Duties of Trustee.

          	
            52

          
	
            Section 11.03

          	
            Notice of Defaults

          	
            54

          
	
            Section 11.04

          	
            Eligibility; Disqualification.

          	
            54

          
	
            Section 11.05

          	
            Resignation and Notice; Removal

          	
            54

          
	
            Section 11.06

          	
            Successor Trustee by Appointment.

          	
            55

          
	
            Section 11.07

          	
            Successor Trustee by Merger

          	
            57

          
	
            Section 11.08

          	
            Right to Rely on Opinion of Counsel and/or Officer’s Certificate

          	
            57

          
	
            Section 11.09

          	
            Communications by Securityholders with Other Securityholders

          	
            57

          

    

    

    ARTICLE XII

    

    

    SATISFACTION AND DISCHARGE; DEFEASANCE

    

    

    	
            Section 12.01

          	
            Applicability of Article

          	
            58

          
	
            Section 12.02

          	
            Satisfaction and Discharge of Indenture

          	
            58

          
	
            Section 12.03

          	
            Defeasance upon Deposit of Moneys or U.S. Government Obligations

          	
            59

          
	
            Section 12.04

          	
            Repayment to Company

          	
            61

          
	
            Section 12.05

          	
            Indemnity for U.S. Government Obligations

          	
            62

          
	
            Section 12.06

          	
            Deposits to Be Held in Escrow

          	
            62

          
	
            Section 12.07

          	
            Application of Trust Money.

          	
            62

          

    

    

    
      

      iv

      
        

      

    

    ARTICLE XIII

    

    

    IMMUNITY OF CERTAIN PERSONS

    

    

    	
            Section 13.01

          	
            No Personal Liability

          	
            62

          

    

    

    ARTICLE XIV

    

    

    SUPPLEMENTAL INDENTURES

    

    

    	
            Section 14.01

          	
            Without Consent of Securityholders

          	
            63

          
	
            Section 14.02

          	
            With Consent of Securityholders; Limitations.

          	
            64

          
	
            Section 14.03

          	
            Trustee Protected

          	
            66

          
	
            Section 14.04

          	
            Effect of Execution of Supplemental Indenture

          	
            66

          
	
            Section 14.05

          	
            Notation on or Exchange of Securities

          	
            66

          
	
            Section 14.06

          	
            Conformity with TIA

          	
            67

          

    

    

    ARTICLE XV

    

    

    SUBORDINATION OF SECURITIES

    

    

    	
            Section 15.01

          	
            Agreement to Subordinate

          	
            67

          
	
            Section 15.02

          	
            Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities

          	
            67

          
	
            Section 15.03

          	
            No Payment on Securities in Event of Default on Senior Indebtedness

          	
            68

          
	
            Section 15.04

          	
            Payments on Securities Permitted

          	
            69

          
	
            Section 15.05

          	
            Authorization of Securityholders to Trustee to Effect Subordination

          	
            69

          
	
            Section 15.06

          	
            Notices to Trustee

          	
            69

          
	
            Section 15.07

          	
            Trustee as Holder of Senior Indebtedness

          	
            70

          
	
            Section 15.08

          	
            Modifications of Terms of Senior Indebtedness

          	
            70

          
	
            Section 15.09

          	
            Reliance on Judicial Order or Certificate of Liquidating Agent

          	
            70

          
	
            Section 15.10

          	
            Satisfaction and Discharge; Defeasance and Covenant Defeasance

          	
            70

          
	
            Section 15.11

          	
            Trustee Not Fiduciary for Holders of Senior Indebtedness

          	
            70

          

    

    

    
      

      v

      
        

      

    

    ARTICLE XVI

    

    

    MISCELLANEOUS PROVISIONS

    

    

    	
            Section 16.01

          	
            Certificates and Opinions as to Conditions Precedent.

          	
            71

          
	
            Section 16.02

          	
            Trust Indenture Act Controls

          	
            72

          
	
            Section 16.03

          	
            Notices to the Company and Trustee

          	
            72

          
	
            Section 16.04

          	
            Notices to Securityholders; Waiver

          	
            73

          
	
            Section 16.05

          	
            Legal Holiday

          	
            73

          
	
            Section 16.06

          	
            Judgment Currency

          	
            73

          
	
            Section 16.07

          	
            Effects of Headings and Table of Contents

          	
            74

          
	
            Section 16.08

          	
            Successors and Assigns

          	
            74

          
	
            Section 16.09

          	
            Severability

          	
            74

          
	
            Section 16.10

          	
            Benefits of Indenture

          	
            74

          
	
            Section 16.11

          	
            Counterparts

          	
            74

          
	
            Section 16.12

          	
            Governing Law; Waiver of Trial by Jury

          	
            74

          
	
            Section 16.13

          	
            Submission to Jurisdiction

          	
            75

          
	
            Section 16.14

          	
            Waiver of Immunity

          	
            75

          
	
            Section 16.15

          	
            Force Majeure

          	
            75

          

    

    

    EXHIBITS

    

    

    EXHIBIT A          Form of Security

    EXHIBIT B          Form of Compliance Certificate

    

    

    
      

      vi

      
        

      

    

    INDENTURE, dated as of _____________, 20____, between Sea Limited, an exempted company incorporated in the Cayman Islands (the “Company”), and Wilmington Trust,
      National Association, a national banking association, as trustee (the “Trustee”).

    

    

    WITNESSETH:

    

    

    WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of debentures, notes, bonds or other evidences of
      indebtedness (the “Securities”) in an unlimited aggregate principal amount to be issued from time to time in one or more series as provided in this Indenture; and

    

    

    WHEREAS, all things necessary to make this Indenture a valid and legally binding agreement of the Company, in accordance with its terms, have been done.

    

    

    NOW, THEREFORE, THIS INDENTURE WITNESSETH:

    

    

    That, in consideration of the premises and the purchase of the Securities by the Holders (as defined below) thereof for the equal and proportionate benefit of all of the
      present and future Holders of the Securities, each party agrees and covenants as follows:

    

    

    ARTICLE I

    

    

    DEFINITIONS

    

    

    Section 1.01          Definitions.

    

    

    (a)          Unless otherwise defined in this Indenture or the context otherwise requires,
        all terms used herein shall have the meanings assigned to them in the Trust Indenture Act.

    

    

    (b)          Unless the context otherwise requires, the terms defined in this Section 1.01(b)
        shall for all purposes of this Indenture have the meanings hereinafter set forth, the following definitions to be equally applicable to both the singular and the plural forms of any of the terms herein defined:

    

    

    “Additional Amounts” has the meaning provided in Section 6.05(a).

    

    

    “Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under direct or indirect common control with,
      such Person. For the purposes of this definition, “control” when used with respect to any 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.

    

    

    “Agents” means the Paying Agents, the Registrar, and any other agent appointed under the terms of this Indenture.

    

    

    “Bankruptcy Code” means Title 11 of the United States Code.

    

    

    
      

      
        

      

    

    
    “Board of Directors” means the board of directors of the Company or any committee of such board duly authorized to act in respect hereof.

    

    

    “Board Resolution” means any resolution duly adopted by the Board of Directors (or by a committee of the Board of Directors to the extent that any such committee has
      been authorized by the Board of Directors to establish or approve the matters contemplated therein).

    

    

    “Business Day” means a day other than a Saturday, Sunday or a day on which banking institutions or trust companies in the State of New York, the Cayman Islands, Hong
      Kong, Singapore or a Place of Payment are authorized or obligated by law, regulation or executive order to remain closed.

    

    

    “Capital Stock” of any Person means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in
      (however designated) equity of such Person, including any Preferred Shares and limited liability or partnership interests (whether general or limited), but excluding any debt securities convertible or exchangeable into such equity.

    

    

    “Code” means the U.S. Internal Revenue Code of 1986, as amended.

    

    

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

    

    

    “Company Order” means a written request or order signed in the name of the Company by any Officer and delivered to the Trustee.

    

    

    “Consolidated Affiliated Entity” of any Person means any corporation, association or other entity which is or is required to be consolidated with such Person under
      Accounting Standards Codification subtopic 810-10, Consolidation: Overall (including any changes, amendments or supplements thereto) or, if such Person prepares its financial statements in accordance with
      accounting principles other than U.S. GAAP, the equivalent of Accounting Standards Codification subtopic 810-10, Consolidation: Overall under such accounting principles. Unless otherwise specified herein,
      each reference to a Consolidated Affiliated Entity will refer to a Consolidated Affiliated Entity of the Company.

    

    

    “Corporate Trust Office,” or other similar term, means the designated office of the Trustee at which at any particular time this Indenture shall be administered, which
      office at the date hereof is located at, 246 Goose Lane, Suite 105, Guilford, Connecticut 06437, Attention: Sea Limited Administrator, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or
      the designated corporate trust officer 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).

    

    

    “Covenant Defeasance” has the meaning provided in Section 12.03(c).

    

    

    
      

      2

      
        

      

    

    “Currency” means U.S. Dollars or Foreign Currency.

    

    

    “CUSIP” means the identification number provided by the Committee on Uniform Securities Identification Procedures.

    

    

    “Default” has the meaning provided in Section 11.03.

    

    

    “Defaulted Interest” has the meaning provided in Section 3.08(b).

    

    

    “Depositary” means, with respect to the Securities of any series issuable in whole or in part in the form of one or more Global Securities, the Person designated as
      Depositary by the Company pursuant to Section 3.01 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person who is then a
      Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall mean the Depositary with respect to the Securities of that series.

    

    

    “Discharged” has the meaning provided in Section 12.03(b).

    

    

    “Event of Default” has the meaning provided in Section 7.01.

    

    

    “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended.

    

    

    “FATCA” has the meaning provided in Section 6.05(a)(viii).

    

    

    “Floating Rate Security” means a Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index
      specified pursuant to Section 3.01.

    

    

    “Foreign Currency” means a currency issued by the government of any country other than the United States or a composite currency, the value of which is determined by
      reference to the values of the currencies of any group of countries.

    

    

     “Global Security” means any Security that evidences all or part of a series of Securities, issued in fully-registered certificated form to the Depositary for such
      series in accordance with Section 3.03 and bearing the legend prescribed in Section 3.03(f).

    

    

    “Holder,” “Holder of Securities” or “Securityholder” means the Person in whose name Securities are registered in the Register.

    

    

    “Indebtedness” means any and all obligations of a Person for money borrowed which, in accordance with U.S. GAAP, would be reflected on the balance sheet of such Person
      as a liability on the date as of which Indebtedness is to be determined.

    

    

    “Indenture” means this instrument and all indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of
      particular series of Securities established as contemplated by Section 3.01.

    

    

    
      

      3

      
        

      

    

    “Independent Tax Consultant” means an independent accounting firm or consultant of nationally recognized standing.

    

    

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

    

    

    “ISIN” means the International Securities Identification Number.

    

    

    “Issue Date” means, with respect to any Security, the date on which such Security is originally issued under this Indenture.

    

    

    “Judgment Currency” has the meaning provided in Section 16.06.

    

    

    “Legal Defeasance” has the meaning provided in Section 12.03(b).

    

    

    “Mandatory Sinking Fund Payment” has the meaning provided in Section 5.01(b).

    

    

    “Maturity” means, with respect to any Security, the date on which the principal of such Security shall become due and payable as therein and herein provided, whether
      by declaration, call for redemption or otherwise.

    

    

    “Members” has the meaning provided in Section 3.03(h).

    

    

    “Officer” means the Chairman of the Board of Directors, the Group Chief Executive Officer, the Group Chief Corporate Officer, the Group Chief Financial Officer, the
      Group Chief Operating Officer or any Chief Executive Officer of the Company or, in the event that the Company is a partnership or a limited liability company that has no such officers, a person duly authorized under applicable law by the general
      partner, managers, members or a similar body to act on behalf of the Company.

    

    

    “Officer’s Certificate” means a certificate signed by any Officer and delivered to the Trustee.

    

    

    “Opinion of Counsel” means an opinion in writing signed by legal counsel who is reasonably acceptable to the Trustee, who may be an employee of or of counsel to the
      Company and meets the applicable requirements provided for in Section 16.01.

    

    

    “Optional Sinking Fund Payment” has the meaning provided in Section 5.01(b).

    

    

    “Original Issue Discount Security” means any Security that is issued with “original issue discount” within the meaning of Section 1273(a) of the Code and the
      regulations thereunder, or any successor provision, and any other Security designated by the Company as issued with original issue discount for United States federal income tax purposes.

    

    

    
      

      4

      
        

      

    

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

    

    

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

    

    

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

    

    

    (iii)          Securities that have been paid pursuant to Section 3.07(b)
        or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to a Responsible Officer of the Trustee
        proof satisfactory to it that such Securities are held by a protected purchaser in whose hands such Securities are valid obligations of the Company;

    

    

    provided, however, that in determining whether the Holders of the requisite principal amount of Securities of a series Outstanding have performed 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) hereunder, Securities owned by the Company or any other obligor upon the Securities of such series or any Affiliate of the
      Company or of such other obligor shall be disregarded and deemed not to be Outstanding unless the Company, such Affiliate or such other obligor owns all of such Securities, except that, in determining whether the Trustee shall be protected in relying
      upon any such action, only Securities of such series for which the Trustee has received written notice to be so owned shall be so disregarded. Securities so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee
      establishes to the satisfaction of the Trustee the pledgee’s right to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon such Securities or any Affiliate of the Company or of such other obligor. In
      case of a dispute as to such right, the decision of the Trustee upon the advice of counsel shall be full protection to the Trustee. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officer’s Certificate listing and
      identifying all such Securities, if any, known by the Company to be owned or held by or for the account of any of the above described Persons; and, subject to the provisions of Section 11.01, the Trustee shall be entitled to accept such Officer’s
      Certificate as conclusive evidence of the facts therein set forth and of the fact that all such Securities not listed therein are Outstanding for the purpose of any such determination. In determining whether the Holders of the requisite principal
      amount of Outstanding Securities of a series have performed any action hereunder, the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding for such purpose shall be the amount of the principal thereof that
      would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 7.02  and the principal amount of a Security denominated in a Foreign Currency that shall be deemed to be
      Outstanding for such purpose shall be the amount calculated pursuant to Section 3.11(b).

    

    

    
      

      5

      
        

      

    

    “Paying Agent” means any Person authorized by the Company to pay the principal of, premium, if any, or interest on any Securities on behalf of the Company. The Company
      may act as Paying Agent with respect to Securities of any series issued hereunder.

    

    

    “Payment Default” has the meaning provided in Section 7.01(e).

    

    

    “Person” means any individual, corporation, firm, limited liability company, partnership, joint venture, undertaking, association, joint stock company, trust,
      unincorporated organization, government or any agency or political subdivision thereof or any other entity (in each case whether or not being a separate legal entity).

    

    

    “Place of Payment” has the meaning provided in Section 3.01(f).

    

    

    “Predecessor Security” means, with respect to any Security, every previous Security evidencing all or a portion of the same debt as that evidenced by such particular
      Security, and, for the purposes of this definition, any Security authenticated and delivered under Section 3.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

    

    

    “Preferred Shares,” as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) that is preferred in right of
      payment upon liquidation, dissolution or winding up.

    

    

    “Prospectus” means the prospectus, dated September 8, 2021, relating to the offering of Securities.

    

    

    “Record Date” means, with respect to any interest payable on any Security on any Interest Payment Date, the close of business on such date specified in such Security
      for the payment of interest pursuant to Section 3.01.

    

    

    “Redemption Date” means, when used with respect to any Security to be redeemed, in whole or in part, the date fixed for such redemption by or pursuant to this
      Indenture and the terms of such Security, which, in the case of a Floating Rate Security, unless otherwise specified pursuant to Section 3.01, shall be an Interest Payment Date only.

    

    

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

    

    

    “Register” has the meaning provided in Section 3.05(a).

    

    

    “Registrar” has the meaning provided in Section 3.05(a).

    

    

    “Relevant Jurisdiction” has the meaning provided in Section 6.05(a).

    

    

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

    

    

    
      

      6

      
        

      

    

    “SEC” means the U.S. Securities and Exchange Commission, as constituted from time to time.

    

    

    “Security” or “Securities” means any security or securities, as the case may be, duly authenticated by the Trustee and delivered pursuant to the provisions of
      this Indenture.

    

    

    “Security Custodian” means the custodian with respect to any Global Security appointed by the Depositary, or any successor Person thereto, and shall initially be the
      Paying Agent.

    

    

    “Senior Indebtedness” means the principal of, premium, if any, or interest on (i) Indebtedness of the Company, whether outstanding on the date hereof or thereafter
      created, incurred, assumed or guaranteed, for money borrowed other than (A) any Indebtedness of the Company which when incurred, and without respect to any election under Section 1111(b) of the Bankruptcy Code, was without recourse to the Company,
      (B) any Indebtedness of the Company to any of its Subsidiaries, (C) Indebtedness to any employee of the Company, (D) any liability for taxes, (E) Trade Payables and (F) any Indebtedness of the Company which is expressly subordinate in right of
      payment to any other Indebtedness of the Company, and (ii) renewals, extensions, modifications and refundings of any such Indebtedness. For purposes of the foregoing and the definition of “Senior Indebtedness,” the phrase “subordinated in
      right of payment” means debt subordination only and not lien subordination, and accordingly, (x) unsecured indebtedness shall not be deemed to be subordinated in right of payment to secured indebtedness merely by virtue of the fact that it is
      unsecured, and (y) junior liens, second liens and other contractual arrangements that provide for priorities among Holders of the same or different issues of indebtedness with respect to any collateral or the proceeds of collateral shall not
      constitute subordination in right of payment. This definition may be modified or superseded by a supplemental indenture.

    

    

    “Significant Subsidiary” means a Subsidiary of the Company that meets the definition of “significant subsidiary” in Article 1, Rule 1-02 of Regulation S-X under the
      Exchange Act. Each of the Company’s Consolidated Affiliated Entities will be deemed to be a “subsidiary” for the purposes of the definition of “significant subsidiary” in Article 1, Rule 1-02 of Regulation S-X.

    

    

    “Special Record Date” has the meaning provided in Section 3.08(b)(i).

    

    

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

    

    

    
      

      7

      
        

      

    

    “Subsidiary” means, with respect to any Person, any corporation, association, partnership or other business entity of which more than 50% of the total voting power of
      shares of Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, general partners or trustees thereof is at the time owned or
      controlled, directly or indirectly, by (i) such Person, (ii) such Person and one or more Subsidiaries of such Person or (iii) one or more Subsidiaries of such Person (or is otherwise required to be consolidated with such Person in accordance with
      U.S. GAAP). Unless otherwise specified herein, each reference to a Subsidiary will refer to a Subsidiary of the Company.

    

    

    “Successor Company” has the meaning provided in Section 3.06(i).

    

    

    “Successor Jurisdiction” has the meaning provided in Section 6.05(d).

    

    

    “Tax Change” has the meaning provided in Section 4.07(a).

    

    

    “Taxes” has the meaning provided in Section 6.05(a).

    

    

    “Total Equity” as of any date, means the total equity attributable to the Company’s shareholders on a consolidated basis determined in accordance with U.S. GAAP, as
      shown on the consolidated balance sheet of the Company for the most recent fiscal quarter.

    

    

    “Trade Payables” means accounts payable or any other Indebtedness or monetary obligations to trade creditors created or assumed by the Company or any Subsidiary of the
      Company in the ordinary course of business (including guarantees thereof or instruments evidencing such liabilities).

    

    

    “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as amended.

    

    

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

    

    

    “U.S. Dollars” or “US$” means such currency of the United States as at the time of payment shall be legal tender for the payment of public and private debts.

    

    

    “U.S. GAAP” refers to generally accepted accounting principles in the United States.

    

    

    “U.S. Government Obligations” means securities that are (i) direct obligations of the United States for the payment of which its full faith and credit is pledged or
      (ii) obligations of an agency or instrumentality of the United States the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States, and shall also include a depositary receipt issued by a bank or trust
      company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depositary receipt; provided
      that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the
      specific payment of interest on or principal of the U.S. Government Obligation evidenced by such depositary receipt.

    

    

    
      

      8

      
        

      

    

    “United States” shall mean the United States of America (including the States and the District of Columbia), its territories and its possessions and other areas
      subject to its jurisdiction.

    

    

    “Voting Stock” of a Person means all classes of Capital Stock of such Person then outstanding and normally entitled to vote in the election of directors, managers or
      trustees, as applicable, of such Person.

    

    

    Section 1.02          Rules of Construction.  For all purposes of this Indenture,
        except as otherwise expressly provided or unless the context otherwise requires:

     

      

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

    

    

    (b)          references to “Article” or “Section” or other subdivision herein
        are references to an Article, Section or other subdivision of the Indenture, unless the context otherwise requires;

    

    

    (c)          references to any agreement, instrument, statute or regulation defined or
        referred to herein or in any instrument establishing the terms of any Securities (or executed in connection therewith) are references to such agreement, instrument, statute or regulation as from time to time amended, modified, supplemented or
        replaced, including (in the case of agreements or instruments) by waiver or consent and by succession of comparable successor agreements, instruments, statutes or regulations; and

    

    

    (d)          unless otherwise provided herein, the words “execute,” “execution,” “signed” and
        “signature” and words of similar import used in or related to any document to be signed in connection with this Indenture or any of the transactions contemplated hereby (including amendments, waivers, consents and other modifications) shall be
        deemed to include electronic signatures and the keeping of records in electronic form, including DocuSign, AdobeSign or such other digital signature provider as specified in writing to Trustee by an authorized representative, each of which shall be
        of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any applicable law, including the Federal
        Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other similar state laws based on the Uniform Electronic Transactions Act; provided that, notwithstanding anything
        herein to the contrary, the Trustee is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee pursuant to reasonable procedures approved by the Trustee. The Company agrees
        to assume all risks arising out of the use of using digital signatures and electronic transmission methods to submit communications to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the
        risk of interception and misuse by third parties.

    

    

    
      

      9

      
        

      

    

    ARTICLE II

    

    

    FORMS OF SECURITIES

    

    

    Section 2.01          Form Generally.

    

    

    (a)          The Securities of each series shall be substantially in the form set forth in
        Exhibit A attached hereto or as shall be established pursuant to a Company Order, Officer’s Certificate or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations
        as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements placed 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 securities exchange on which any series of the Securities may be listed or of
        any automated quotation system on which any such series may be quoted, or to conform to usage, all as determined by the officers executing such Securities as conclusively evidenced by their execution of such Securities.

    

    

    (b)          The terms and provisions of the Securities shall constitute, and are hereby
        expressly made, a part of this Indenture, and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture expressly agree to such terms and provisions and to be bound thereby.

    

    

    Section 2.02          Form of Trustee’s Certificate of Authentication.

    

    

    (a)          Only such of the Securities as shall bear thereon a certificate substantially in
        the form of the Trustee’s certificate of authentication hereinafter recited, executed by the Trustee by manual signature, shall be valid or become obligatory for any purpose or entitle the Holder thereof to any right or benefit under this
        Indenture.

    

    

    (b)          Each Security shall be dated the date of its authentication, except that any
        Global Security shall be dated as of the date otherwise specified herein.

    

    

    (c)          The form of the Trustee’s certificate of authentication to be borne by the
        Securities shall be substantially as follows:

    

    

    TRUSTEE’S CERTIFICATE OF AUTHENTICATION

    

    

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

    

    

    	
            Date of authentication: _______

          	
            Wilmington Trust, National Association,

            as Trustee

          
	 	
            By:

          	 
	 	 	
            Authorized Signatory

          

    

    

    
      

      10

      
        

      

    

    ARTICLE III

    

    

    THE DEBT SECURITIES

    

    

    Section 3.01          Amount Unlimited; Issuable in Series.  The aggregate principal
        amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued from time to time in one or more series. There shall be set forth in a Company Order, Officer’s Certificate or in one or
        more indentures supplemental hereto, prior to the issuance of Securities of any series:

     

      

    (a)          the title of the Securities of the series (which shall distinguish the
        Securities of such series from the Securities of all other series, except to the extent that additional Securities of an existing series are being issued);

    

    

    (b)          any limit upon the aggregate principal amount of the Securities of the series
        that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to Section 3.04, 3.06, 3.07, 4.06, or
        14.05) and the percentage or percentages of principal amount at which the Securities of the series will be issued;

    

    

    (c)          the dates on which or periods during which the Securities of the series may be
        issued, and the dates on, or the range of dates within, which the principal of and premium, if any, on the Securities of such series are or may be payable or the method by which such date or dates shall be determined or extended;

    

    

    (d)          the rate or rates at which the Securities of the series shall bear interest, if
        any, or the method by which such rate or rates shall be determined, the date or dates from which such interest shall accrue, or the method by which such date or dates shall be determined, the Interest Payment Dates on which any such interest shall
        be payable, and the Record Dates for the determination of Holders to whom interest is payable on such Interest Payment Dates or the method by which such date or dates shall be determined, the right, if any, to extend or defer interest payments and
        the duration of such extension or deferral;

    

    

    (e)          if other than U.S. Dollars, the Foreign Currency in which Securities of the
        series shall be denominated or in which payment of the principal of, premium, if any, or interest on the Securities of the series shall be payable and any other terms concerning such payment;

    

    

    (f)          if the amount of payment of principal of, premium, if any, or interest on, the
        Securities of the series may be determined with reference to an index, formula or other method;

    

    

    
      

      11

      
        

      

    

    (g)          the place or places, if any, in addition to or instead of the Corporate Trust
        Office of the Trustee where the principal of, premium, if any, and interest on Securities of the series shall be payable, and where Securities of any series may be presented for registration of transfer, exchange or conversion, and the place or
        places where notices and demands to or upon the Company in respect of the Securities of such series may be made (each such place, the “Place of Payment”);

    

    

    (h)          the price or prices at which, the period or periods within which or the date or
        dates on which, and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option;

    

    

    (i)          the obligation or right, if any, of the Company to redeem, purchase or repay
        Securities of the series pursuant to any sinking fund, amortization or analogous provisions or at the option of a Holder thereof and the price or prices at which, the period or periods within which or the date or dates on which and the terms and
        conditions upon which Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation;

    

    

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

    

    

    (k)          if other than the principal amount thereof, the portion of the principal amount
        of the Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 7.02;

    

    

    (l)          the guarantors, if any, of the Securities of the series, and the extent of the
        guarantees (including provisions relating to seniority, subordination, and the release of the guarantors), if any, and any additions or changes to permit or facilitate guarantees of such Securities;

    

    

    (m)          whether the Securities of the series are to be issued as Original Issue Discount
        Securities and the amount of discount or premium, if any, with which such Securities may be issued;

    

    

    (n)          provisions, if any, for the defeasance of Securities of the series in whole or
        in part and any addition or change in the provisions related to satisfaction and discharge;

    

    

    (o)          whether the Securities of the series are to be issued in whole or in part in the
        form of one or more Global Securities and, in such case, (i) the Depositary for such Global Security or Securities, (ii) the form of legend in addition to or in lieu of that in Section 3.03(f) which shall be borne by such Global Security and (iii)
        the terms and conditions, if any, upon which interests in such Global Security or Securities may be exchanged in whole or in part for the individual Securities represented thereby;

    

    

    (p)          the date as of which any Global Security of the series shall be dated if other
        than the original issuance of the first Security of the series to be issued;

    

    

    
      

      12

      
        

      

    

    (q)          the form of the Securities of the series;

    

    

    (r)          whether the Securities of the series are subject to subordination and the terms
        of such subordination;

    

    

    (s)          whether the Securities of the series shall be secured;

    

    

    (t)          the securities exchange(s) or automated quotation system(s) on which the
        Securities of the series will be listed or admitted to trading, as applicable, if any;

    

    

    (u)          any restriction or condition on the transferability of the Securities of the
        series;

    

    

    (v)          any addition or change in the provisions related to compensation and
        reimbursement of the Trustee which applies to the Securities of the series;

    

    

    (w)          any addition or change in the provisions related to supplemental indentures set
        forth in Sections 14.01, 14.02 and 14.04 which applies to the Securities of the series;

    

    

    (x)          provisions, if any, granting special rights to Holders upon the occurrence of
        specified events;

    

    

    (y)          any addition to or change in the Events of Default which applies to any
        Securities of the series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 7.02 and any addition or change in the provisions set forth
        in Article VII which applies to Securities of the series;

    

    

    (z)          any addition to or change in the covenants set forth in Article VI which applies
        to the Securities of the series

    

    

    (aa)          if the Securities of such series are to be convertible into or exchangeable for
        any securities or property of any Person (including the Company), the terms and conditions upon which such Securities will be so convertible or exchangeable, and any additions or changes to this Indenture, if any, to permit or facilitate such
        conversion or exchange; and

    

    

    (bb)          any other terms of the Securities of the series (which terms shall not be
        inconsistent with the provisions of this Indenture, except as permitted by Section 14.01, but which may modify, supplement or delete any provision of this Indenture insofar as it applies to such series), including any terms which may be required by
        or advisable under the laws of the United States or regulations thereunder or advisable (as determined by the Company) in connection with the marketing of Securities of the series.

    

    

    All Securities of any one series shall be substantially identical, except as to denomination and except as may otherwise be provided herein or set forth in a Company Order,
      Officer’s Certificate or in one or more indentures supplemental hereto.

    

    

    
      

      13

      
        

      

    

    Unless otherwise specified with respect to the Securities of any series pursuant to this Section 3.01, the Company may, at its option, at any time and from time to time,
      issue additional Securities of any series of Securities previously issued under this Indenture which together shall constitute a single series of Securities under this Indenture.

    

    

    Section 3.02          Denominations.  In the absence of any specification pursuant to
        Section 3.01 with respect to Securities of any series, the Securities of such series shall be issuable only as Securities in minimum denominations of US$2,000 and any integral multiple of US$1,000 in excess thereof, and shall be payable only in
        U.S. Dollars.

    

    

    Section 3.03          Execution, Authentication, Delivery and Dating.

    

    

    (a)          The Securities shall be executed in the name and on behalf of the Company by an
        Officer. Such signatures may be the manual, facsimile or other electronic signature of the present or any future such Officer. If the Person whose signature is on a Security no longer holds that office at the time the Security is authenticated and
        delivered, the Security shall nevertheless be valid.

    

    

    (b)          At any time and from time to time after the execution and delivery of this
        Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities and, if required pursuant to Section 3.01, a
        supplemental indenture, Company Order or Officer’s Certificate setting forth the terms of the Securities of a series. The Trustee shall thereupon authenticate and deliver such Securities without any further action by the Company. The Company Order
        shall specify the principal amount of Securities to be authenticated and the date on which the original issue of Securities is to be authenticated.

    

    

    (c)          In authenticating the first Securities of any series and accepting the
        additional responsibilities under this Indenture in relation to such Securities, the Trustee shall receive, and (subject to Section 11.02) shall be fully protected in relying upon, an Officer’s Certificate, prepared in accordance with Section 16.01
        stating that the conditions precedent, if any, provided for in the Indenture have been complied with, and an Opinion of Counsel, prepared in accordance with Section 16.01 and substantially in the form set forth below:

    

    

    (i)          that the form or forms of such Securities have been
        established in accordance with Article II and Section 3.01 and in conformity with the other provisions of this Indenture;

    

    

    (ii)          that the terms of such Securities have been established in
        accordance with Section 3.01 and in conformity with the other provisions of this Indenture;

    

    

    (iii)          that such Securities, when authenticated and delivered by
        the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms, subject to
        bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general equity principles; and

    

    

    (iv)          that all conditions precedent, if any, provided for in the
        Indenture in respect of the authentication and delivery by the Company of such Securities have been complied with.

    

    

    
      

      14

      
        

      

    

    Notwithstanding the provisions of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary to deliver the
      Officer’s Certificate or Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such Officer’s Certificate or Opinion of Counsel is delivered at or prior to the
      authentication upon original issuance of the first Security of such series to be issued; provided that nothing in this clause (c) is intended to derogate Trustee’s rights to receive an Officer’s Certificate and Opinion of Counsel under
      Section 16.01.

    

    

    (d)          The Trustee shall have the right to decline to authenticate and deliver the
        Securities under this Section 3.03 if the issue of the Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably
        acceptable to the Trustee.

    

    

    (e)          Each Security shall be dated the date of its authentication.

    

    

    (f)          If the Company shall establish pursuant to Section 3.01 that the Securities of a
        series are to be issued in whole or in part in the form of one or more Global Securities, then the Company shall execute and the Trustee shall authenticate and deliver one or more Global Securities that (i) shall represent an aggregate amount equal
        to the aggregate principal amount of the Outstanding Securities of such series to be represented by such Global Securities, (ii) shall be registered, if in registered form, in the name of the Depositary for such Global Security or Securities or the
        nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instruction and (iv) shall bear a legend substantially to the following effect:

    

    

    UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
      DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

    

    

    The aggregate principal amount of each Global Security may from time to time be increased or decreased by adjustments made on the records of the Security Custodian, as
      provided in this Indenture.

    

    

    (g)          Each Depositary designated pursuant to Section 3.01 for a Global Security in
        registered form must, at the time of its designation and at all times while it serves as such Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation.

    

    

    
      

      15

      
        

      

    

    (h)          Members of, or participants in, the Depositary (“Members”) shall have no
        rights under this Indenture with respect to any Global Security held on their behalf by the Depositary or by the Security Custodian under such Global Security, and the Depositary may be treated by the Company, the Trustee, the Paying Agent and the
        Registrar and any of their agents as the absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee, the Paying Agent or the Registrar or any of their
        agents from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Members, the operation of customary practices of the Depositary governing the exercise of
        the rights of an owner of a beneficial interest in any Global Security. The Holder of a Global Security may grant proxies and otherwise authorize any Person, including Members and Persons that may hold interests through Members, to take any action
        that a Holder is entitled to take under this Indenture or the Securities.

    

    

    (i)          No Security shall be entitled to any benefit under this Indenture or be valid or
        obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in one of the forms provided for herein duly executed by the Trustee by manual signature of an authorized signatory of the Trustee, and
        such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture.

    

    

    Section 3.04          Temporary Securities.

    

    

    (a)          Pending the preparation of definitive Securities of any series, the Company may
        execute and, upon receipt of a Company Order, the Trustee shall authenticate and deliver, temporary Securities that are printed, lithographed, typewritten, mimeographed or otherwise reproduced, in any authorized denomination, substantially of the
        tenor of the definitive Securities in lieu of which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such temporary Securities may determine, as
        conclusively evidenced by their execution of such temporary Securities. Any such temporary Security may be in global form, representing all or a portion of the Outstanding Securities of such series. Every such temporary Security shall be executed
        by the Company and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the definitive Security or Securities in lieu of which it is issued.

    

    

    (b)          If temporary Securities of any series are issued, the Company shall cause
        definitive Securities of such series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series
        upon surrender of such temporary Securities at the office or agency maintained by the Company in a Place of Payment for such purposes provided in Section 6.02, without charge to the Holder. Upon surrender for cancellation of any one or more
        temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations and of like tenor.
        Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series.

    

    

    
      

      16

      
        

      

    

    (c)          Upon any exchange of a portion of a temporary Global Security for a definitive
        Global Security or for the individual Securities represented thereby pursuant to this Section 3.04 or Section 3.06, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the principal amount evidenced thereby,
        whereupon the principal amount of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed.

    

    

    Section 3.05          Registrar.

    

    

    (a)          The Company shall keep, at an office or agency to be maintained by it in a Place
        of Payment where Securities may be presented for registration or presented and surrendered for registration of transfer or of exchange, and where Securities of any series that are convertible or exchangeable may be surrendered for conversion or
        exchange, as applicable (the “Registrar”), a security register for the registration and the registration of transfer or of exchange of the Securities (the registers maintained in such office and in any other office or agency of the Company
        in a Place of Payment being herein sometimes collectively referred to as the “Register”), as in this Indenture provided, which Register shall during normal office hours be open for inspection by the Trustee. Such Register shall be in written
        form or in any other form capable of being converted into written form within a reasonable time. The Company may have one or more co-Registrars; the term “Registrar” includes any co-registrar. In acting hereunder and in connection with the
        Notes, the Registrar shall act solely as agent of the Company, and will not thereby assume any obligations towards or relationship of agency or trust for or with any Holder.

    

    

    (b)          The Company shall enter into an appropriate agency agreement with any Registrar
        or co-Registrar not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address of each such agent. If the Company fails to
        maintain a Registrar for any series, the Trustee shall act as such. The Company or any Affiliate thereof may act as Registrar, co-Registrar or transfer agent.

    

    

    (c)          The Company hereby initially appoints the Trustee located at the Corporate Trust
        Office as Registrar in connection with the Securities and this Indenture, until such time as another Person is appointed in replacement of the Trustee as such. In the case that the Trustee serves as Registrar, it will be entitled as Registrar to
        the same rights of compensation, reimbursement and indemnification under Section 11.01 and Section 11.02 as if it were the Trustee. No Person shall at any time be appointed as or act as Registrar unless such Person is at such time empowered under
        applicable law to act as such Registrar.

    

    

    
      

      17

      
        

      

    

    Section 3.06          Transfer and Exchange.

    

    

    (a)          Transfer.

    

    

    (i)          Upon surrender for registration of transfer of any Security
        of any series at the Registrar, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee, one or more new Securities of the same series for like aggregate principal amount of any authorized
        denomination or denominations. The transfer of any Security shall not be valid as against the Company or the Trustee unless registered at the Registrar at the request of the Holder, or at the request of his, her or its attorney duly authorized in
        writing.

    

    

    (ii)          Notwithstanding any other provision of this Section, unless
        and until it is exchanged in whole or in part for the individual Securities represented thereby, a Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such
        series to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor
        Depositary.

    

    

    (b)          Exchange.

    

    

    (i)          At the option of the Holder, Securities of any series (other
        than a Global Security, except as set forth below) may be exchanged for other Securities of the same series for like aggregate principal amount of any authorized denomination or denominations, upon surrender of the Securities to be exchanged at the
        Registrar.

    

    

    (ii)          Whenever any Securities are so surrendered for exchange, the
        Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive.

    

    

    (c)          Exchange of Global Securities for Individual
          Securities.  Except as provided below, owners of beneficial interests in Global Securities shall not be entitled to receive individual Securities.

    

    

    (i)          Individual Securities shall be issued to all owners of
        beneficial interests in a Global Security in exchange for such interests if: (A) at any time the Depositary for the Securities of a series notifies the Company that it is unwilling or unable to continue as Depositary for the Securities of such
        series or if at any time the Depositary for the Securities of such series shall no longer be eligible under Section 3.03(g) and, in each case, a successor Depositary is not appointed by the Company within 90 calendar days of such notice, or (B) the
        Company executes and delivers to the Trustee and the Registrar an Company Order stating that such Global Security shall be so exchangeable.

    

    

    In connection with the exchange of an entire Global Security for individual Securities pursuant to this subsection (c), such Global Security shall be
      deemed to be surrendered to the Trustee or the Paying Agent for cancellation, and the Company shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of individual Securities of such series, shall
      authenticate and deliver to each beneficial owner identified by the Depositary in exchange for its beneficial interest in such Global Security, an equal aggregate principal amount of individual Securities of authorized denominations.

    

    

    
      

      18

      
        

      

    

    (ii)          The owner of a beneficial interest in a Global Security
        shall be entitled to receive an individual Security in exchange for such interest if an Event of Default has occurred and is continuing. Upon receipt by the Security Custodian and Registrar of instructions from the Holder of a Global Security
        directing the Security Custodian and Registrar to (x) issue one or more individual Securities in the amounts specified to the owner of a beneficial interest in such Global Security and (y) debit or cause to be debited an equivalent amount of
        beneficial interest in such Global Security, subject to the rules and regulations of the Depositary:

    

    

    (A)          the Security Custodian and Registrar shall notify the
        Company and the Trustee of such instructions, identifying the owner and amount of such beneficial interest in such Global Security;

    

    

    (B)          the Company shall promptly execute and the Trustee, upon
        receipt of a Company Order for the authentication and delivery of individual Securities of such series, shall authenticate and deliver to such beneficial owner individual Securities in an equivalent amount to such beneficial interest in such Global
        Security; and

    

    

    (C)          the Security Custodian and Registrar shall decrease such
        Global Security by such amount in accordance with the foregoing. In the event that the individual Securities are not issued to each such beneficial owner promptly after the Registrar has received a request from the Holder of a Global Security to
        issue such individual Securities, the Company expressly acknowledges, with respect to the right of any Holder to pursue a remedy pursuant to Section 7.07, the right of any beneficial Holder of Securities to pursue such remedy with respect to the
        portion of the Global Security that represents such beneficial Holder’s Securities as if such individual Securities had been issued.

    

    

    (iii)          If specified by the Company pursuant to Section 3.01 with
        respect to a series of Securities, the Depositary for such series of Securities may surrender a Global Security for such series of Securities in exchange in whole or in part for individual Securities of such series on such terms as are acceptable
        to the Company and such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver at the expense of the Company, without service charge,

    

    

    (A)          to each Person specified by such Depositary a new individual
        Security or Securities of the same series, of any authorized denomination as requested by such Person in aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security; and

    

    

    (B)          to such Depositary a new Global Security in a denomination
        equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of individual Securities delivered to Holders thereof.

    

    

    
      

      19

      
        

      

    

    (iv)          In any exchange provided for in clauses (i) through (iii),
        the Company shall execute and the Trustee shall authenticate and deliver individual Securities in registered form in authorized denominations.

    

    

    (v)          Upon the exchange in full of a Global Security for individual
        Securities, such Global Security shall be cancelled by Trustee or the Paying Agent. Individual Securities issued in exchange for a Global Security pursuant to this Section shall be registered in such names and in such authorized denominations as
        the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Registrar. The Registrar shall deliver such Securities to the Persons in whose names such Securities are so
        registered.

    

    

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

    

    

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

    

    

    (f)          No service charge shall be made for any registration of transfer or exchange of
        Securities. The Company may require payment of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than those expressly
        provided in this Indenture to be made at the Company’s own expense or without expense or charge to the Holders.

    

    

    (g)          The Company shall not be required to (i) register, transfer or exchange
        Securities of any series during a period beginning at the opening of business 15 calendar days before the day of the transmission of a notice of redemption of Securities of such series selected for redemption under Section 4.03 and ending at the
        close of business on the day of such transmission, or (ii) register, transfer or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part.

    

    

    (h)          Prior to the due presentation for registration of transfer or exchange of any
        Security, the Company, the Trustee, the Paying Agent, the Registrar, any co-Registrar or any of their agents may deem and treat the Person in whose name a Security is registered 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 all purposes whatsoever, and none of the Company, the Trustee, the Paying Agent, the Registrar, any co-Registrar or any of their agents shall be affected
        by any notice to the contrary.

    

    

    
      

      20

      
        

      

    

    (i)          In case a successor Company (“Successor Company”) has executed an
        indenture supplemental hereto with the Trustee pursuant to Article XIV, any of the Securities authenticated or delivered pursuant to such transaction may, from time to time, at the request of the Successor Company, be exchanged for other Securities
        executed in the name of the Successor Company with such changes in phraseology and form as may be appropriate, but otherwise identical to the Securities surrendered for such exchange and of like principal amount; and the Trustee, upon Company Order
        of the Successor Company, shall authenticate and deliver Securities as specified in such Company Order for the purpose of such exchange. If Securities shall at any time be authenticated and delivered in any new name of a Successor Company pursuant
        to this Section 3.06 in exchange or substitution for or upon registration of transfer of any Securities, such Successor Company, at the option of the Holders but without expense to them, shall provide for the exchange of all Securities at the time
        Outstanding for Securities authenticated and delivered in such new name.

    

    

    (j)          Each Holder of a Security agrees to indemnify the Company and the Trustee
        against any liability that may result from the transfer, exchange or assignment of such Holder’s Security in violation of any provision of this Indenture and/or applicable United States federal or state securities laws.

    

    

    (k)          The Trustee shall have no responsibility or obligation to any beneficial owner
        of a Global Security, a member of, or a participant in, the Depositary or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in
        the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption or purchase) or the payment of any amount or delivery of any Notes
        (or other security or property) under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders in respect of the Notes shall be given or made only to or upon the order of the
        registered Holders (which shall be the Depositary or its nominee in the case of a Global Security). The rights of beneficial owners in any Global Security shall be exercised only through the Depositary subject to the applicable rules and procedures
        of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any beneficial owners.

    

    

    (l)          The Trustee shall have no obligation or duty to monitor, determine or inquire as
        to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security other than to require delivery of such certificates and other documentation or
        evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

    

    

    (m)          Neither the Trustee nor any agent of the Trustee shall have any responsibility
        for any actions taken or not taken by the Depositary.

    

    

    
      

      21

      
        

      

    

    Section 3.07          Mutilated, Destroyed, Lost and Stolen Securities.

    

    

    (a)          If (i) any mutilated Security is surrendered to the Trustee at its Corporate
        Trust Office or (ii) the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company and the Trustee security and/or indemnity satisfactory to them to save
        each of them and any Paying Agent harmless, and neither the Company nor the Trustee receives notice that such Security has been acquired by a protected purchaser, then the Company shall execute and upon Company Order the Trustee shall authenticate
        and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Security, a new Security of the same series and of like tenor, form, terms and principal amount, bearing a number not contemporaneously Outstanding, and
        neither gain nor loss in interest shall result from such exchange or substitution.

    

    

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

    

    

    (c)          Upon the issuance of any new Security under this Section 3.07, the Company may
        require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in respect thereto and any other expenses (including the fees and expenses of the Trustee) in connection therewith.

    

    

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

    

    

    (e)          The provisions of this Section 3.07 are exclusive and shall preclude (to the
        extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities.

    

    

    Section 3.08          Payment of Interest; Interest Rights Preserved.

    

    

    (a)          Interest on any Security that is payable, and is punctually paid or duly
        provided for, on any Interest Payment Date shall be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered at the close of business on the Record Date for such interest notwithstanding the cancellation
        of such Security upon any transfer or exchange subsequent to the Record Date. Payment of interest on Securities shall be made at the Corporate Trust Office (except as otherwise specified pursuant to Section 3.01) or, at the option of the Company,
        by check mailed to the address of the Person entitled thereto as such address shall appear in the Register or, in accordance with arrangements satisfactory to the Trustee, by wire transfer to an account designated by the Holder.

    

    

    
      

      22

      
        

      

    

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

    

    

    (i)          The Company may elect to make payment of any Defaulted
        Interest to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest (a “Special Record Date”), which
        shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall
        deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment,
        such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which
        shall be not more than 15 calendar days and not less than 10 calendar days prior to the date of the proposed payment and not less than 10 calendar days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall
        promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage
        prepaid, to the Holders of such Securities at their addresses as they appear in the Register, not less than 10 calendar days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date
        therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall
        no longer be payable pursuant to the following clause (ii).

    

    

    (ii)          The Company may make payment of any Defaulted Interest on
        Securities in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed or of any automated quotation system on which any such Securities may be quoted, and upon such notice as
        may be required by such exchange or quotation system, as applicable, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

    

    

    (c)          Subject to the foregoing provisions in this Section 3.08, each Security
        delivered under this Indenture in exchange or substitution for, or upon registration of transfer of, any other Security shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

    

    

    Section 3.09          Cancellation.  Unless otherwise specified pursuant to Section
        3.01 for Securities of any series, all Securities surrendered for payment, redemption, registration of transfer or exchange or credit against any sinking fund or otherwise shall, if surrendered to any Person other than the Trustee or the Paying
        Agent, be delivered to the Trustee or the Paying Agent for cancellation and shall be promptly cancelled by it and, if surrendered to the Trustee or the Paying Agent, shall be promptly cancelled by it. The Company may at any time deliver to the
        Trustee or the Paying Agent for cancellation any Securities previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee or
        the Paying Agent. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. The Trustee or the Paying Agent shall dispose of all
        cancelled Securities held by it in accordance with its then customary procedures and deliver a certificate of the cancellation of such Securities to the Company upon its written request therefor. The acquisition of any Securities by the Company
        shall not operate as a redemption or satisfaction of the Indebtedness represented thereby unless and until such Securities are surrendered to the Trustee or the Paying Agent for cancellation.

    
      

      23

      
        

      

    

    Section 3.10          Computation of Interest.  Except as otherwise specified pursuant
        to Section 3.01 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

     

      

    Section 3.11          Currency of Payments in Respect of Securities.

    

    

    (a)          Except as otherwise specified pursuant to Section 3.01 for Securities of any
        series, payment of the principal of, premium, if any, and interest on, Securities of such series shall be made in U.S. Dollars.

    

    

    (b)          For purposes of any provision of the Indenture where the Holders of Outstanding
        Securities may perform an action that requires that a specified percentage of the Outstanding Securities of all series perform such action and for purposes of any decision or determination by the Trustee of amounts due and unpaid for the principal
        of and premium, if any, and interest on the Securities of all series in respect of which moneys are to be disbursed ratably, the principal of and premium, if any, and interest on the Outstanding Securities denominated in a Foreign Currency will be
        the amount in U.S. Dollars based upon exchange rates, determined as specified pursuant to Section 3.01 for Securities of such series, as of the date for determining whether the Holders entitled to perform such action have performed it or as of the
        date of such decision or determination by the Trustee, as the case may be.

    

    

    (c)          Any decision or determination to be made regarding exchange rates shall be made
        by an agent appointed by the Company; provided, that such agent shall accept such appointment in writing and the terms of such appointment shall, in the opinion of the Company at the time of such appointment, require such agent to make such
        determination by a method consistent with the method provided pursuant to Section 3.01 for the making of such decision or determination. All decisions and determinations of such agent regarding exchange rates shall, in the absence of manifest
        error, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all Holders of the Securities.

    

    

    Section 3.12          CUSIP Numbers.  The Company in issuing any Securities may use
        CUSIP, ISIN or other similar numbers, if then generally in use, and thereafter with respect to such series, the Trustee may use such numbers in any notice of redemption or exchange, as a convenience to Holders, with respect to such series; 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 shall promptly notify the Trustee of any change in the CUSIP, ISIN or other similar numbers.

    
      

      24

      
        

      

    

    ARTICLE IV

    

    

    REDEMPTION OF SECURITIES

    

    

    Section 4.01          Applicability of Right of Redemption.  Redemption of Securities
        (other than pursuant to a sinking fund, amortization or analogous provision) permitted by the terms of any series of Securities shall be made (except as otherwise specified pursuant to Section 3.01 for Securities of any series) in accordance with
        this Article; provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern.

     

      

    Section 4.02          Selection of Securities to be Redeemed.

    

    

    (a)          If the Company shall at any time elect to redeem all or any portion of the
        Securities of a series then Outstanding, it shall at least 15 calendar days (or such shorter period acceptable to the Trustee) prior to the date the notice of redemption is to be sent, notify the Trustee of such Redemption Date and of the principal
        amount of Securities to be redeemed. If less than all of the Securities of a series are to be redeemed, the Securities for redemption will be selected as follows: (i) if the Securities are listed on a securities exchange, then in compliance with
        the rules of such securities exchange, and if the Securities are held through clearing systems, then in compliance with the applicable rules and procedures of the clearing systems, or (ii) if the Securities are not listed on a securities exchange
        or held through clearing systems, then by lot or such other method as the Trustee shall deem to be fair and appropriate in its sole and absolute discretion or as otherwise required by applicable law; provided that the unredeemed portion of
        the principal amount of any Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. In any case where more than one Security of such series is registered in the same
        name, the Trustee may treat the aggregate principal amount so registered as if it were represented by one Security of such series. The Trustee shall, as soon as practicable, notify the Company in writing of the Securities and portions of Securities
        so selected.

    

    

    (b)          For all purposes of this Indenture, unless the context otherwise requires, all
        provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security that has been or is to be redeemed. If the Company shall
        so direct, Securities registered in the name of the Company, any Affiliate or any Subsidiary thereof shall not be included in the Securities selected for redemption.

    

    

    Section 4.03          Notice of Redemption.

    

    

    (a)          Notice of redemption shall be given by the Company or, at the Company’s request,
        by the Trustee in the name and at the expense of the Company, not less than 15 nor more than 60 calendar days prior to the Redemption Date (except that notices of redemption may be delivered more than 60 days prior to a Redemption Date if the
        notice is issued in connection with a defeasance of the Securities or a satisfaction and discharge of the Indenture), to the Holders of Securities of any series to be redeemed in whole or in part pursuant to this Article, in the manner provided in
        Section 16.04. Any notice given in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. Failure to give such notice, or any defect in such notice to the Holder of any
        Security of a series designated for redemption, in whole or in part, shall not affect the sufficiency of any notice of redemption with respect to the Holder of any other Security of such series.

    

    

    
      

      25

      
        

      

    

    (b)          All notices of redemption shall identify the Securities to be redeemed
        (including CUSIP, ISIN or other similar numbers, if available) and shall state:

    

    

    (i)          such election by the Company to redeem Securities of such
        series pursuant to provisions contained in this Indenture or the terms of the Securities of such series in a Company Order, Officer’s Certificate or a supplemental indenture establishing such series, if such be the case;

    

    

    (ii)          the Redemption Date;

    

    

    (iii)          the Redemption Price;

    

    

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

    

    

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

    

    

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

    

    

    (vii)          that no representation is made as to the correctness or
        accuracy of the CUSIP number or ISIN Code, if any, listed in such notice or printed on the Securities; and

    

    

    (viii)          if applicable, that the redemption is for a sinking fund,
        if such is the case.

    

    

    (c)          At the Company’s request, the Trustee shall give the notice of redemption in the
        Company’s name and at the Company’s expense; provided, however, that the Company shall have delivered to the Trustee, at least five (5) calendar days before notice of redemption is required to be sent or caused to be sent to Holders
        pursuant to this Section (or such shorter period as is acceptable to the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in the notice as provided in the preceding
        paragraph.

    

    

    
      

      26

      
        

      

    

    Section 4.04          Deposit of Redemption Price.  On or prior to 11:00 a.m., New
        York City time, on the Redemption Date for any Securities, the Company shall deposit with the Trustee or the Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 6.03) an amount of
        money in the currency in which such Securities are denominated sufficient to pay the Redemption Price of such Securities or any portions thereof that are to be redeemed on that date.

     

      

    Section 4.05          Securities Payable on Redemption Date.  If notice of redemption
        has been given as above provided, any Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price and from and after such date (unless the Company shall Default in the payment of the Redemption Price)
        such Securities shall cease to bear interest, and, except as provided in Section 12.07, such Securities shall cease from and after the Redemption Date to be entitled to any benefit or security under the Indenture, and the Holders thereof shall have
        no right in respect of such Securities except the right to receive the Redemption Price thereof and unpaid interest to the Redemption Date. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be
        paid by the Trustee or the Paying Agent with the moneys deposited in accordance with Section 4.04 above at the Redemption Price (unless the Company shall Default in the payment of the Redemption Price); provided, however, that
        (unless otherwise provided pursuant to Section 3.01) installments of interest that have a Stated Maturity on or prior to the Redemption Date for such Securities shall be payable according to the terms of such Securities and the provisions of
        Section 3.08.

     

      

    If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal thereof shall, until paid or duly provided for, bear interest
      from the Redemption Date at the rate prescribed therefor in the Security.

    

    

    Section 4.06          Securities Redeemed in Part.  Any Security that is to be
        redeemed only in part shall be surrendered at the Corporate Trust Office or such other office or agency of the Company as is specified in the notice of redemption or pursuant to Section 3.01 with, if the Company, the Registrar or the Trustee so
        requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company, the Registrar and the Trustee duly executed by the Holder thereof or his, her or its attorney duly authorized in writing, and the Company shall
        execute, and the Trustee shall authenticate and deliver to the Holder of such Security, without service charge, a new Security or Securities of the same series, of like tenor and form, of any authorized denomination as requested by such Holder in
        aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered; provided that if a Global Security is so surrendered, the Trustee may make a notation or the Company shall
        execute and the Trustee shall authenticate and deliver to the Depositary for such Global Security, without service charge, a new Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global
        Security so surrendered. In the case of a Security providing appropriate space for such notation, at the option of the Holder thereof, the Registrar, in lieu of delivering a new Security or Securities as aforesaid, may make a notation on such
        Security of the payment of the redeemed portion thereof.

    
      

      27

      
        

      

    

    Section 4.07          Tax Redemption.

     

      

    (a)          Each series of Securities may be redeemed at any time, at the option of the
        Company, in whole but not in part, upon written notice as described below, at a redemption price equal to 100% of the principal amount thereof, together with accrued and unpaid interest, if any, to, but not including, the Redemption Date, if (i) as
        a result of any change in, or amendment to, the laws or regulations of the Relevant Jurisdiction (or, in the case of Additional Amounts payable by a successor Person to the Company, the applicable Successor Jurisdiction), or any change in the
        official application or official interpretation of such laws or regulations, which change or amendment becomes effective on or after the Issue Date (or, in the case of Additional Amounts payable by a successor Person to the Company, the date on
        which such successor Person to the Company became such pursuant to the applicable provisions of this Indenture) (a “Tax Change”), the Company or any such successor Person to the Company is, or would be, obligated to pay Additional Amounts
        upon the next payment of principal, premium, if any, or interest in respect of such Securities and (ii) such obligation cannot be avoided by the Company or any such successor Person to the Company taking reasonable measures available to it,
        provided that changing the jurisdiction of the Company or such successor Person to Company is not a reasonable measure for purposes of this Section 4.07(a).

    

    

    (b)          Prior to the giving of any notice of redemption of the Securities pursuant to
        Section 4.07(a), the Company or any such successor Person to the Company shall deliver to the Trustee (i) a notice of such redemption election, (ii) an Opinion of Counsel or an opinion of an Independent Tax Consultant to the effect that the Company
        or any such successor Person to the Company is, or would become, obligated to pay such Additional Amounts as the result of a Tax Change and (iii) an Officer’s Certificate from the Company or any such successor Person to the Company, stating that
        such amendment or change has occurred, describing the facts leading thereto and stating that such requirement cannot be avoided by the Company or any such successor Person to the Company taking reasonable measures available to it. The Trustee shall
        be entitled to rely conclusively upon such Officer’s Certificate and opinion as sufficient evidence of the conditions precedent described in Section 4.07(a), in which event it shall be conclusive and binding on the relevant Holders.

    

    

    (c)          Any redemption of Securities pursuant to Section 4.07 shall be made (except as
        otherwise specified pursuant to Section 3.01 for Securities of any series) in accordance with this Article; provided that no such notice of redemption shall be given earlier than 90 calendar days prior to the earliest date on which the
        Company or any such successor Person to the Company would be required to pay Additional Amounts if a payment in respect of such Securities was then due.

    

    

    
      

      28

      
        

      

    

    ARTICLE V

    

    

    SINKING FUNDS

    

    

    Section 5.01          Applicability of Sinking Fund.

    

    

    (a)          Redemption of Securities permitted or required pursuant to a sinking fund for
        the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such series of Securities and this Article, except as otherwise specified pursuant to Section 3.01 for Securities of
        such series; provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern.

    

    

    (b)          The minimum amount of any sinking fund payment provided for by the terms of
        Securities of any series is herein referred to as a “Mandatory Sinking Fund Payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “Optional Sinking
          Fund Payment.”  If provided for by the terms of Securities of any series, the cash amount of any Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 5.02.

    

    

    Section 5.02          Mandatory Sinking Fund Obligation.  The Company may, at its
        option, satisfy any Mandatory Sinking Fund Payment obligation, in whole or in part, with respect to a particular series of Securities by (a) delivering to the Trustee or the Paying Agent Securities of such series in transferable form theretofore
        purchased or otherwise acquired by the Company or redeemed at the election of the Company pursuant to Article IV or (b) receiving credit for Securities of such series (not previously so credited) acquired by the Company and theretofore delivered to
        the Trustee or the Paying Agent. The Trustee or the Paying Agent shall credit such Mandatory Sinking Fund Payment obligation with an amount equal to the Redemption Price specified in such Securities for redemption through operation of the sinking
        fund and the amount of such Mandatory Sinking Fund Payment shall be reduced accordingly. If the Company shall elect to so satisfy any Mandatory Sinking Fund Payment obligation, it shall deliver to the Trustee and the Paying Agent not less than 45
        calendar days prior to the relevant sinking fund payment date a written notice signed on behalf of the Company by an Officer, which shall designate the Securities (and portions thereof, if any) so delivered or credited and which shall be
        accompanied by such Securities (to the extent not theretofore delivered) in transferable form. In case of the failure of the Company, at or before the time so required, to give such notice and deliver such Securities, the Mandatory Sinking Fund
        Payment obligation shall be paid entirely in moneys.

     

      

    Section 5.03          Optional Redemption at Sinking Fund Redemption Price.  In
        addition to the sinking fund requirements of Section 5.02, to the extent, if any, provided for by the terms of a particular series of Securities, the Company may, at its option, make an Optional Sinking Fund Payment with respect to such Securities.
        Unless otherwise provided by such terms, (a) to the extent that the right of the Company to make such Optional Sinking Fund Payment is not exercised in any year, it shall not be cumulative or carried forward to any subsequent year, and (b) such
        optional payment shall operate to reduce the amount of any Mandatory Sinking Fund Payment obligation as to Securities of the same series. If the Company intends to exercise its right to make such optional payment in any year, it shall deliver to
        the Trustee and the Paying Agent not less than 45 calendar days prior to the relevant sinking fund payment date an Officer’s Certificate, stating that the Company shall exercise such optional right, and specifying the amount which the Company shall
        pay on or before the next succeeding sinking fund payment date. Such Officer’s Certificate shall also state that no Event of Default has occurred and is continuing.

    
      

      29

      
        

      

    

    Section 5.04          Application of Sinking Fund Payment.

    

    

    (a)          If the sinking fund payment or payments made in funds pursuant to either Section
        5.02 or 5.03 with respect to a particular series of Securities plus any unused balance of any preceding sinking fund payments made in funds with respect to such series shall exceed US$50,000 (or a lesser sum if the Company shall so request, or such
        equivalent sum for Securities denominated other than in U.S. Dollars), it shall be applied by the Trustee or the Paying Agent on the sinking fund payment date next following the date of such payment; provided that, if the date of such
        payment shall be a sinking fund payment date, such payment shall be applied on such sinking fund payment date to the redemption of Securities of such series at the Redemption Price specified pursuant to Section 4.03(b). The Securities of such
        series shall be selected, in the manner provided in Section 4.02, for redemption on such sinking fund payment date, a sufficient principal amount of Securities of such series to absorb said funds, as nearly as may be, and shall, at the expense and
        in the name of the Company, thereupon cause notice of redemption, prepared by the Company, of the Securities to be given in substantially the manner provided in Section 4.03(a) for the redemption of Securities in part at the option of the Company,
        except that the notice of redemption shall also state that the Securities are being redeemed for the sinking fund. Any sinking fund moneys not so applied by the Trustee or the Paying Agent to the redemption of Securities of such series shall be
        added to the next sinking fund payment received in funds by the Trustee or the Paying Agent and, together with such payment, shall be applied in accordance with the provisions of this Section 5.04. Any and all sinking fund moneys held by the
        Trustee or the Paying Agent on the last sinking fund payment date with respect to Securities of such series, and not held for the payment or redemption of particular Securities of such series, shall be applied by the Trustee or the Paying Agent to
        the payment of the principal of the Securities of such series at Maturity.

    

    

    (b)          On or prior to each sinking fund payment date, the Company shall pay to the
        Trustee or the Paying Agent a sum equal to all interest accrued to, but not including, the Redemption Date on Securities to be redeemed on such sinking fund payment date pursuant to this Section 5.04.

    

    

    (c)          The Trustee or the Paying Agent shall not redeem any Securities of a series with
        sinking fund moneys or mail any notice of redemption of Securities of such series by operation of the sinking fund during the continuance of a Default in payment of interest on any Securities of such series or of any Event of Default (other than an
        Event of Default occurring as a consequence of this paragraph) of which the Paying Agent has written notice, except that if the notice of redemption of any Securities of such series shall theretofore have been mailed in accordance with the
        provisions hereof, the Trustee or the Paying Agent shall redeem such Securities if funds sufficient for that purpose shall be deposited with the Trustee or the Paying Agent in accordance with the terms of this Article. Except as above provided, any
        moneys in the sinking fund at the time any such Default or Event of Default shall occur and any moneys thereafter paid into the sinking fund shall, during the continuance of such Default or Event of Default, be held as security for the payment of
        all the Securities of such series; provided, however, that in case such Default or Event of Default shall have been cured or waived as provided herein, such moneys shall thereafter be applied on the next sinking fund payment date on
        which such moneys are required to be applied pursuant to the provisions of this Section 5.04.

    

    

    
      

      30

      
        

      

    

    ARTICLE VI

    

    

    PARTICULAR COVENANTS OF THE COMPANY

    

    

    The Company hereby covenants and agrees as follows:

    

    

    Section 6.01          Payments of Principal, Premium and Interest.  The Company, for
        the benefit of each series of Securities, shall duly and punctually pay or cause to be paid the principal of, premium, if any, and interest on, each series of Securities, at the dates and place and in the manner provided in the Securities and in
        this Indenture.

     

      

    Section 6.02          Maintenance of Office or Agency; Paying Agent.

    

    

    (a)          The Company shall maintain in each Place of Payment for any series of
        Securities, if any, an office or agency where Securities may be presented or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or exchange, and where notices and demands to or upon the Company
        in respect of the Securities and this Indenture may be served. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain
        any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. The Company hereby initially
        appoints the Trustee as Paying Agent to receive all presentations, surrenders, notices and demands. So long as the Trustee serves as Paying Agent, it will be entitled as Paying Agent to the same rights of compensation, reimbursement and
        indemnification under Section 11.01 and Section 11.02 as if it were Trustee. In acting hereunder and in connection with the Notes, the Paying Agent shall act solely as agent of the Company, and will not thereby assume any obligations toward, or
        relationship of agency or trust for or with, any Holder. Notwithstanding anything herein to the contrary, no office of the Trustee shall be an office or agency of the Company for the purposes of service of legal process on the Company, which office
        or agent is as provided in Section 16.13.

    

    

    (b)          The Company may also from time to time designate different or additional offices
        or agencies where the Securities of any series may be presented or surrendered for any or all such purposes (in or outside of such Place of Payment), and may from time to time rescind any such designations; provided, however, that
        no such designation or rescission shall in any manner relieve the Company of its obligations described in the preceding paragraph. The Company shall give prompt written notice to the Trustee of any such additional designation or rescission of
        designation and of any change in the location of any such different or additional office or agency. The Company shall enter into an appropriate agency agreement with any Paying Agent not a party to this Indenture. The agreement shall implement the
        provisions of this Indenture that relate to such agent. The Company shall notify the Trustee of the name and address of each such agent. The Company or any Affiliate thereof may act as Paying Agent.

    

    

    
      

      31

      
        

      

    

    Section 6.03          To Hold Payment in Trust.

    

    

    (a)          If the Company or an Affiliate thereof shall at any time act as Paying Agent
        with respect to any series of Securities, then, on or before the date on which the principal of, premium, if any, or interest on any of the Securities of that series by their terms or as a result of the calling thereof for redemption shall become
        payable, the Company or such Affiliate shall segregate and hold in trust for the benefit of the Holders of such Securities or the Trustee a sum sufficient to pay such principal, premium, if any, or interest which shall have so become payable until
        such sums shall be paid to such Holders or otherwise disposed of as herein provided, and shall notify the Trustee of its action or failure to act in that regard.

    

    

    Upon any proceeding under the Bankruptcy Code or any applicable state bankruptcy laws with respect to the Company or any Affiliate thereof, if the Company or such Affiliate
      is then acting as Paying Agent, the Trustee shall promptly replace the Company or such Affiliate as Paying Agent.

    

    

    (b)          If the Company shall appoint, and at the time have, a Paying Agent for the
        payment of the principal of, premium, if any, or interest on any series of Securities, then prior to 11:00 a.m., New York City time, on the date on which the principal of, premium, if any, or interest on any of the Securities of that series shall
        become payable as above provided, whether by their terms or as a result of the calling thereof for redemption, the Company shall deposit with such Paying Agent a sum sufficient to pay such principal, premium, if any, or interest, such sum to be
        held in trust for the benefit of the Holders of such Securities or the Trustee, and (unless such Paying Agent is the Trustee), the Company or any other obligor of such Securities shall promptly notify the Trustee of its payment or failure to make
        such payment.

    

    

    (c)          If the Paying Agent shall be a Person other than the Trustee, the Company shall
        cause such Paying Agent to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 6.03, that such Paying Agent shall:

    

    

    (i)          comply with the provisions of the Trust Indenture Act
        applicable to it as Paying Agent;

    

    

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

    

    

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

    

    

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

    

    

    (d)          Anything in this Section 6.03 to the contrary notwithstanding, the Company may
        at any time, for the purpose of obtaining a release, satisfaction or discharge of this Indenture or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the Company or by any Paying Agent other than the Trustee as
        required by this Section 6.03, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent and, upon such payment by a Paying Agent to the Trustee, such Paying Agent shall be
        released from all further liability with respect to such moneys.

    

    

    
      

      32

      
        

      

    

    (e)          Subject to applicable law governing abandoned property, any money deposited with
        the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on any Security of any series and remaining unclaimed for two years after such principal, premium, if any, or
        interest has become due and payable shall be paid to the Company upon Company Order along with any interest that has accumulated thereon as a result of such money being invested at the direction of the Company (or, if then held by the Company,
        shall be discharged from such trust), and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment of such amounts without interest thereon, and all liability of the Trustee or such Paying
        Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease.

    

    

    Section 6.04          Merger, Consolidation and Sale of Assets.  Except as otherwise
        provided as contemplated by Section 3.01 with respect to any series of Securities:

     

      

    (a)          The Company shall not consolidate with or merge into any other Person in a
        transaction in which the Company is not the surviving entity, or convey, transfer or lease its properties and assets substantially as an entirety to, any Person, unless

    

    

    (i)          any Person formed by such consolidation or into or with which
        the Company is merged or to whom the Company has conveyed, transferred or leased its properties and assets substantially as an entirety is a corporation, partnership, trust or other entity validly existing under the laws of the United States or any
        State thereof or the District of Columbia, Bermuda, the British Virgin Islands, the Cayman Islands, Hong Kong or Singapore, and such Person expressly assumes by an indenture supplemental to this Indenture all the obligations of the Company under
        this Indenture and the Securities, including the obligation to pay Additional Amounts with respect to any jurisdiction in which it is organized or resident for tax purposes;

    

    

    (ii)          immediately after giving effect to the transaction, no Event
        of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have occurred and be continuing; and

    

    

    (iii)          the Company has delivered to the Trustee an Officer’s
        Certificate and an Opinion of Counsel, each stating that such consolidation, merger, disposition, conveyance, transfer or lease and such supplemental indenture comply with this Indenture and that all applicable conditions precedent and covenants
        therein relating to such transaction have been complied with, and, with respect to such Opinion of Counsel, that such supplemental indenture constitutes the valid and binding obligation of the Company or its successor, as applicable, enforceable
        against the Company or its successor, as applicable, in accordance with its terms (subject to customary exceptions).

    

    

    
      

      33

      
        

      

    

    (b)          Upon any consolidation with or merger into any other entity,
        or any sale other than for cash, or any sale, conveyance, lease, transfer or other disposition, of the properties and assets of the Company substantially as an entirety in accordance with this Section 6.04, the successor entity formed by such
        consolidation or into or with which the Company is merged or to which the Company is sold or to which such sale, conveyance, transfer, lease, transfer or other disposition is made shall succeed to, and be substituted for, and may exercise every
        right and power of, the Company under this Indenture with the same effect as if such successor entity had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Company shall be relieved of all obligations
        and covenants under this Indenture and the Securities, and from time to time such entity may exercise each and every right and power of the Company under this Indenture, in the name of the Company, or in its own name; and any act or proceeding by
        any provision of this Indenture required or permitted to be done by the Board of Directors or any officer of the Company may be done with like force and effect by the like board of directors or officer of any entity that shall at the time be the
        successor of the Company hereunder.  In the event of any such sale or conveyance, but not any such lease, the Company (or any successor entity which shall theretofore have become such in the manner described in this Section 6.04) shall be
        discharged from all obligations and covenants under this Indenture and the Securities and may thereupon be dissolved and liquidated.

    

    

    Section 6.05          Additional Amounts.

     

      

    (a)          All payments of principal, premium, if any, and interest made by or on behalf of
        the Company in respect of any Securities (unless otherwise specified pursuant to Section 3.01 for Securities of any series) shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or
        governmental charges of whatever nature imposed or levied by or within any jurisdiction in which the Company or any successor to the Company is, for tax purposes, organized or resident or doing business (each, as applicable, a “Relevant Taxing
          Jurisdiction”) or through which payment is made or deemed made (together with each Relevant Taxing Jurisdiction, a “Relevant Jurisdiction,” and in each case, any political subdivision or taxing authority thereof or therein), unless
        such withholding or deduction is required by law or by regulation or governmental policy having the force of law.  In the event that any such withholding or deduction is so required, the Company shall pay to each Holder such additional amounts (“Additional

          Amounts”) as may be necessary to ensure that the net amount received by the Holders after such withholding or deduction (and after deducting any taxes on the Additional Amounts) will equal the amounts that would have been received by such
        Holders had no such withholding or deduction been required; provided that no Additional Amounts will be payable:

    

    

    (i)          for or on account of:

    

    

    (A)          any tax, duty, assessment or other governmental charge that
        would not have been imposed but for:

    

    

    (1)          the existence of any present or former connection between the Holder or beneficial owner of such Security and the Relevant Jurisdiction, other
      than merely holding such Security or the receipt of payments thereunder, including such Holder or beneficial owner being or having been a national, domiciliary or resident of such Relevant Jurisdiction or treated as a resident thereof or being or
      having been physically present or engaged in a trade or business therein or having or having had a permanent establishment therein;

    

    

    
      

      34

      
        

      

    

    (2)          the presentation of such Security (in cases in which presentation is required) more than 30 calendar days after the later of the date on which
      the payment of the principal of and interest on such Security became due and payable pursuant to the terms thereof or was made or duly provided for;

    

    

    (3)          the failure of the Holder or beneficial owner to comply with a timely request from the Company, addressed to the Holder, to provide
      certification, information, documents or other evidence concerning such Holder’s or beneficial owner’s nationality, residence, identity or connection with the Relevant Jurisdiction, or to make any declaration or satisfy any other reporting
      requirement relating to such matters, if and to the extent that due and timely compliance with such request is required by statute, regulation or administrative practice of the Relevant Jurisdiction in order to reduce or eliminate any withholding or
      deduction as to which Additional Amounts would have otherwise been payable; or

    

    

    (4)          the presentation of such Security (in cases in which presentation is required) for payment in the Relevant Jurisdiction, unless such Security
      could not have been presented for payment elsewhere;

    

    

    (B)         any estate, inheritance, gift, sale, transfer, excise, personal property or similar tax, assessment or other governmental charge;

    

    

    (C)          any tax, duty, assessment or other governmental charge that
        is payable otherwise than by withholding from payments or deliveries under or with respect to the Securities;

    

    

    (D)         any tax, assessment, withholding or deduction required by sections 1471 through 1474 of the Code (“FATCA”), any current or future
      Treasury Regulations or rulings promulgated thereunder, any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA, any intergovernmental agreement between the United States and any other jurisdiction to implement
      FATCA or any law enacted by such other jurisdiction to give effect to such agreement, or any agreement with the U.S. Internal Revenue Service under FATCA; or

    

    

    (E)         any combination of taxes, duties, assessments or other governmental charges referred to in the preceding clauses (A), (B), (C) or (D); or

    

    

    
      

      35

      
        

      

    

    (ii)          with respect to any payment of the principal of and interest on such Security to a Holder, if the Holder is a fiduciary, partnership or person other than the
      sole beneficial owner of that payment to the extent that such payment would be required to be included in the income under the laws of the Relevant Jurisdiction, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a partner
      or member of that partnership or a beneficial owner who would not have been entitled to such Additional Amounts had that beneficiary, settlor, partner, member or beneficial owner been the Holder thereof.

    

    

    (b)          The Trustee and the Paying Agent shall also be entitled to make any withholding or deduction pursuant to an agreement described in Section 1471(b) of the Code or
      otherwise imposed pursuant to FATCA and any regulations or agreements thereunder or official interpretations thereof.

    

    

    (c)          Any reference in this Indenture or the Securities in any context to the payment of principal of and interest on any Security or any other amount payable with
      respect to such Security, shall be deemed to include payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable with respect to that amount pursuant to this Section 6.05.

    

    

    (d)          If the Company is required to make any deduction or withholding from any payments or deliveries with respect to the Securities, it will deliver to the Trustee
      and the Holders official tax receipts evidencing the remittance to the relevant tax authorities of the amounts so withheld or deducted.

    

    

    (e)          The Trustee shall have no obligation to determine whether any Additional Amounts are payable under the Indenture or the amount thereof.

    

    

    (f)          The foregoing obligations shall survive termination or discharge of this Indenture.

    

    

    Section 6.06          Payment for Consent.  The Company will not, and will not permit
        any of its Consolidated Affiliated Entities to, directly or indirectly, pay or cause to be paid any consideration to or for the benefit of any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of
        this Indenture or any series of the Securities unless such consideration is offered to be paid and is paid to all Holders of such series of Securities as may be affected thereby that consent, waive or agree to amend in the time frame set forth in
        the solicitation documents relating to consent, waiver or amendment.

     

      

    Section 6.07          Compliance Certificate.  Except as otherwise provided as
        contemplated by Section 3.01 with respect to any series of Securities, the Company shall furnish to the Trustee (a) annually, within 120 calendar days after the end of each fiscal year of the Company and (b) within 10 Business Days of a written
        request from the Trustee, a certificate in or substantially in the form attached hereto as Exhibit B from the principal executive officer, principal financial officer, principal accounting officer or treasurer as to his or her knowledge of the
        Company’s compliance with all conditions and covenants under this Indenture (which compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture), specifying if any Default has occurred
        and, in the event that any Default has occurred, specifying each such Default and the nature and status thereof of which such person may have knowledge.

    
      

      36

      
        

      

    

    Section 6.08          Conditional Waiver by Holders of Securities.  Anything in this
        Indenture to the contrary notwithstanding, the Company may fail or omit in any particular instance to comply with a covenant or condition set forth herein with respect to any series of Securities if the Company shall have obtained and filed with
        the Trustee, prior to the time of such failure or omission, evidence (as provided in Article VIII) of the consent of the Holders of a majority in aggregate principal amount of the Securities of such series affected by such waiver and at the time
        Outstanding, either waiving such compliance in such instance or generally waiving compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, or
        impair any right consequent thereon and, until such waiver shall have become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect.

     

      

    Section 6.09          Statement by Officers as to Default.  The Company shall deliver
        to the Trustee as soon as possible and in any event within 30 calendar days after the Company becomes aware of the occurrence of any Event of Default or an event which, with the giving of notice or the lapse of time or both, would constitute an
        Event of Default, an Officer’s Certificate setting forth the details of such Event of Default or Default and the action which the Company proposes to take with respect thereto.

    ARTICLE VII

    

    

    REMEDIES OF TRUSTEE AND SECURITYHOLDERS

    

    

    Section 7.01          Events of Default.  Except where otherwise indicated by the
        context or where the term is otherwise defined for a specific purpose, the term “Event of Default” as used in this Indenture with respect to Securities of any series shall mean any of the following described events unless it is either
        inapplicable to a particular series or it is specifically deleted or modified in the manner contemplated in Section 3.01:

     

      

    (a)          the Company defaults in the payment of principal or premium, if any, in respect
        of a Security of such series when due and payable (whether at Stated Maturity or upon declaration of acceleration, redemption or otherwise under this Indenture);

    

    

    (b)          the Company defaults in the payment of interest on a Security of such series
        when due and payable, which default shall have continued unremedied for a period of 30 calendar days;

    

    

    (c)          the Company, subject to the provisions of Section 6.08, defaults in the
        performance of or breaches any covenant or agreement in this Indenture or in respect of the Securities of such series (other than a default specified in clause (a) or (b) above) and such default or breach continues unremedied (or without provision
        deemed to be adequate for the remedying thereof) for a period of 90 consecutive calendar days after written notice specified below shall have been given to the Company;

    

    

    
      

      37

      
        

      

    

    (d)            the Company, pursuant to or within the meaning of any bankruptcy, insolvency
        or other similar law now or hereafter in effect applicable to the Company for the relief of debtors (“Bankruptcy Law”), shall (1) commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect
        to the Company or its debts, (2) consent to the entry of an order for relief against it in an involuntary case or other proceeding, (3) consent to the appointment of a trustee, receiver, liquidator, custodian or other similar official under any
        Bankruptcy Law (“Custodian”) of the Company or its property substantially in the entirety, (4) consent to the taking possession by a Custodian of the Company or its property substantially in the entirety, or (5) make a general assignment for
        the benefit of its creditors;

    

    

    (e)          an involuntary case or other proceeding shall be commenced against the Company
        under any Bankruptcy Law by a court of competent jurisdiction seeking liquidation, reorganization or similar relief with respect to the Company or its debts or seeking the appointment of a Custodian of the Company or its property substantially in
        the entirety, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 120 consecutive calendar days; or

    

    

    (f)          the occurrence of any other Event of Default with respect to Securities of such
        series as provided in Section 3.01;

    

    

    provided, however, that a Default under Section 7.01(c) above will not constitute an Event of Default until the Trustee provides written notice to the Company
      or the Holders of 25% or more in aggregate principal amount of the Securities of such series then Outstanding provide written notice to the Company and the Trustee of the Default and the Company does not cure such Default within the time specified in
      Section 7.01(c) above after receipt of such notice. In the case of such notice given to the Company by the Holders, the Company will provide a copy of such notice to the Trustee.

    

    

    Notwithstanding the foregoing provisions of this Section 7.01, if the principal or any premium or interest on any Security is payable in a Currency other than the Currency of
      the United States and such Currency is not available to the Company for making payment thereof due to the imposition of exchange controls or other circumstances beyond the control of the Company, the Company will be entitled to satisfy its
      obligations to Holders of the Securities by making such payment in the Currency of the United States in an amount equal to the Currency of the United States equivalent of the amount payable in such other Currency, as determined by the Company’s agent
      in accordance with Section 3.11(c) hereof by reference to the noon buying rate in The City of New York for cable transfers for such Currency (“Exchange Rate”), as such Exchange Rate is reported or otherwise made available by the Federal
      Reserve Bank of New York on the date of such payment, or, if such rate is not then available, on the basis of the most recently available Exchange Rate.  Notwithstanding the foregoing provisions of this Section 7.01, any payment made under such
      circumstances in the Currency of the United States where the required payment is in a Currency other than the Currency of the United States will not constitute an Event of Default under this Indenture.

    

    

    
      

      38

      
        

      

    

    Section 7.02          Acceleration; Rescission and Annulment.

    

    

    (a)          Except as otherwise provided as contemplated by Section 3.01 with respect to any
        series of Securities, if any one or more of the above-described Events of Default (other than an Event of Default specified in Section 7.01(d) or 7.01(e)) shall happen with respect to Securities of any series at the time Outstanding, then, and in
        each and every such case, during the continuance of any such Event of Default, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding may declare the principal (or, if the
        Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of that series) of and all accrued but unpaid interest on all the Securities of such series then Outstanding to
        be due and payable immediately by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration of acceleration such principal amount (or specified amount) shall become immediately due and payable. If an
        Event of Default specified in Section 7.01(d) or 7.01(e) occurs and is continuing, then in every such case, the principal amount of all of the Securities of that series then Outstanding shall automatically, and without any declaration of
        acceleration or any other action on the part of the Trustee or any Holder, become due and payable immediately. Upon payment of such amounts in the Currency in which such Securities are denominated (subject to the last paragraph of Section 7.01 and
        except as otherwise provided pursuant to Section 3.01), all obligations of the Company in respect of the payment of principal of and interest on the Securities of such series shall terminate.

    

    

    (b)          At any time after such a declaration of acceleration with respect to the
        Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter provided in this Article, the Holders of at least a majority in aggregate principal amount of the
        Securities of such series at the time Outstanding may, subject to Sections 7.06 and 14.02, waive all past Defaults and rescind and annul such acceleration if:

    

    

    (i)          the rescission of the acceleration with respect to the
        Securities of such series would not conflict with any judgment or decree of a court of competent jurisdiction; and

    

    

    (ii)          all Events of Default with respect to the Securities of such
        series, other than the non-payment of principal, premium, if any, or interest on the Securities of such series that became due solely because of such acceleration, have been cured or waived as provided in Section 7.06.

    

    

    (c)          No rescission as provided in this Section 7.02 shall affect any subsequent
        default or impair any right consequent thereon.

    

    

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

    

    

    
      

      39

      
        

      

    

    Section 7.03          Other Remedies.  If the Company shall fail for a period of 30
        calendar days to pay any installment of interest on the Securities of any series or shall fail to pay the principal of and premium, if any, on any of the Securities of such series when and as the same shall become due and payable, whether at
        Maturity, or by call for redemption (other than pursuant to the sinking fund), by declaration of acceleration as authorized by this Indenture, or otherwise, or shall fail for a period of 30 calendar days to make any required sinking fund payment as
        to a series of Securities, then, upon demand of the Trustee, the Company shall pay to the Paying Agent, for the benefit of the Holders of Securities of such series then Outstanding, the whole amount which then shall have become due and payable on
        all the Securities of such series, with interest on the overdue principal and premium, if any, and (so far as the same may be legally enforceable) on the overdue installments of interest at the rate borne by the Securities of such series, and all
        amounts owing the Trustee and any predecessor trustee hereunder under Section 11.01(a).

     

      

    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 proceeding at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceeding to judgment or final decree, and may enforce any such judgment or final decree
      against the Company or any other obligor upon the Securities of such series, and collect the moneys adjudged or decreed to be payable out of the property of the Company or any other obligor upon the Securities of such series, wherever situated, in
      the manner provided by law. Every recovery of judgment in any such action or other proceeding, subject to the payment to the Trustee of all amounts owing the Trustee and any predecessor trustee hereunder under Section 11.01(a), shall be for the
      ratable benefit of the Holders of such series of Securities which shall be the subject of such action or proceeding. All rights of action upon or under any of the Securities or this Indenture may be enforced by the Trustee without the possession of
      any of the Securities and without the production of any thereof at any trial or any proceeding relative thereto.

    

    

    Section 7.04          Trustee as Attorney-in-Fact.  Nothing herein contained shall be
        deemed to authorize or empower the Trustee to consent to or accept or adopt, on behalf of any Holder of Securities, any plan of reorganization or readjustment affecting the Securities or the rights of any Holder thereof, or to authorize or empower
        the Trustee to vote in respect of the claim of any Holder of any Securities in any such proceeding.

     

      

    Section 7.05          Priorities.  Any moneys or properties collected by the Trustee,
        or, after an Event of Default, any moneys or other property distributable in respect of the Company’s obligations under this Indenture, in either case with respect to a series of Securities under this Article VII shall be applied in the following
        order, at the date or dates fixed by the Trustee for the distribution of such moneys or properties and, in the case of the distribution of such moneys or properties on account of the Securities of any series, upon presentation of the Securities of
        such series, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid:

    
      

      40

      
        

      

    

    First:          To the payment of all amounts (including indemnity payments) due to the
        Trustee, Paying Agent, Registrar and any other Agent and any predecessor trustee, paying agent, registrar and other Agent under Section 11.01(a) and the reasonably incurred expenses and disbursements of its agents, delegates, attorneys and counsel.

    

    

    Second:          In case the principal of the Outstanding Securities of such series shall not
        have become due and be unpaid, to the payment of interest on the Securities of such series, in the chronological order of the Stated 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 rate borne by such Securities, such payments to be made ratably to the Persons entitled thereto.

    

    

    Third:          In case the principal of the Outstanding Securities of such series 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 on 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 rate borne by the Securities of such series, and in case such moneys shall be insufficient to pay in full the whole amounts 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.

    

    

    Fourth:          Any surplus then remaining shall be paid to the Company, its successors or
        assigns, or to whomsoever may be determined by a court of competent jurisdiction to be so entitled.

    

    

    Section 7.06          Control by Securityholders; Waiver of Past Defaults.  The
        Holders of a majority in principal amount of the Securities of any series at the time Outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee hereunder, or of exercising any trust or
        power hereby conferred upon the Trustee with respect to the Securities of such series; provided, however, that, subject to the provisions of Section 11.02, the Trustee shall have the right to decline to follow any such direction if
        the Trustee being advised by counsel determines that the action so directed may not lawfully be taken, would involve the Trustee in personal liability or would be unduly prejudicial to the Holders not joining in the direction (it being understood
        that the Trustee has no affirmative duty to determine whether any action is unduly prejudicial to any Holder of a Security). The Holders of not less than a majority in aggregate principal amount of such series of Securities at the time Outstanding
        may on behalf of all Holders of the Securities of such series waive any existing or past Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default (i) in the payment of principal of, premium, if
        any, or interest on (or Additional Amount payable in respect of), the Securities of such series then Outstanding, in which event the consent of all Holders of the Securities of such series then Outstanding affected thereby is required, or (ii) in
        respect of a covenant or provision which under Section 14.02 cannot be modified or amended without the consent of the Holder of each Security of such series then Outstanding affected thereby. Upon any such waiver, the Company, the Trustee and the
        Holders of the Securities of such series shall be restored to their former positions and rights hereunder, respectively; provided that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right
        consequent thereon. Whenever any Default or Event of Default hereunder shall have been waived as permitted by this Section 7.06, said Default or Event of Default shall for all purposes of the Securities of such series and this Indenture be deemed
        to have been cured and to be not continuing.

    
      

      41

      
        

      

    

    Section 7.07          Limitation on Suits.  No Holder of any Security of any series
        shall have any right to institute any action, suit or proceeding at law or in equity for the execution of any trust hereunder or for the appointment of a receiver or for any other remedy hereunder, in each case with respect to an Event of Default
        with respect to such series of Securities, unless (i) such Holder previously shall have given to the Trustee written notice of one or more of the Events of Default herein specified with respect to such series of Securities, (ii) the Holders of not
        less than 25% in aggregate principal amount of the Securities of such series then Outstanding shall have requested the Trustee in writing to take action in respect of the matter complained of, (iii) there shall have been offered, and if requested
        provided, to the Trustee pre-funding, security and/or indemnity satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and (iv) the Trustee, for 60 calendar days after receipt of such notification, request
        and offer of pre-funding, security and/or indemnity, shall have failed to institute any such action, suit or proceeding and have not received from the Holders of a majority in aggregate principal amount of the Securities of such series then
        Outstanding a direction inconsistent with such request; and such notification, request and offer of pre-funding, security and/or indemnity are hereby declared in every such case to be conditions precedent to any such action, suit or proceeding by
        any Holder of any Security of such series; it being understood and intended that no one or more of the Holders of Securities of such series shall have any right in any manner whatsoever by his, her, its or their action to enforce any right
        hereunder, except in the manner herein provided, and that every action, suit or proceeding at law or in equity shall be instituted, had and maintained in the manner herein provided and for the equal benefit of all Holders of the Outstanding
        Securities of such series; provided, however, that nothing in this Indenture or in the Securities of such series shall affect or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of,
        premium, if any, and interest on, the Securities of such series to the respective Holders of such Securities at the respective due dates in such Securities stated, or affect or impair the right, which is also absolute and unconditional, of such
        Holders to institute suit to enforce the payment thereof.

     

      

    Section 7.08          Undertaking for Costs.  All parties to this Indenture and each
        Holder of any Security, by such Holder’s acceptance thereof, shall be deemed to have agreed that any court may in its discretion require, in any action, suit or proceeding for the enforcement of any right or remedy under this Indenture, or in any
        action, suit or proceeding against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such action, suit or proceeding of an undertaking to pay the costs of such action, suit or proceeding, and that
        such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such action, suit or proceeding, having due regard to the merits and good faith of the claims or defenses
        made by such party litigant; provided, however, that the provisions of this Section 7.08 shall not apply to any action, suit or proceeding instituted by the Trustee, to any action, suit or proceeding instituted by any one or more
        Holders of Securities holding in the aggregate more than 10% in principal amount of the Securities of any series Outstanding, or to any action, suit or proceeding instituted by any Holder of Securities of any series for the enforcement of the
        payment of the principal of, premium, if any, or the interest on, any of the Securities of such series, on or after the respective due dates expressed in such Securities.

    
      

      42

      
        

      

    

    Section 7.09          Remedies Cumulative; Delay or Omission Not Waiver.  No remedy
        herein conferred upon or reserved to the Trustee or to the Holders of Securities of any series is intended to be exclusive of any other remedy or remedies, and each and every remedy shall be cumulative and shall be in addition to every other remedy
        given hereunder or now or hereafter existing at law or in equity or by statute. No delay or omission of the Trustee or of any Holder of the Securities of any series to exercise any right or power accruing upon any Default or Event of Default shall
        impair any such right or power or shall be construed to be a waiver of any such Default or Event of Default or an acquiescence therein; and every power and remedy given by this Article VII to the Trustee and to the Holders of Securities of any
        series, respectively, may be exercised from time to time and as often as may be deemed expedient by the Trustee or by the Holders of Securities of such series, as the case may be. In case the Trustee or any Holder of Securities of any series shall
        have proceeded to enforce any right under this Indenture and the proceedings for the enforcement thereof shall have been discontinued or abandoned because of waiver or for any other reason, or shall have been adjudicated adversely to the Trustee or
        to such Holder of Securities, then and in every such case, subject to any determinations in such proceedings, the Company, the Trustee and the Holders of the Securities of such series shall severally and respectively be restored to their former
        positions and rights hereunder, and thereafter all rights, remedies and powers of the Trustee and the Holders of the Securities of such series shall continue as though no such proceedings had been taken, except as to any matters so waived or
        adjudicated.

     

    

    ARTICLE VIII

    

    

    CONCERNING THE SECURITYHOLDERS

    

    

    Section 8.01          Evidence of Action of Securityholders.  Whenever in this
        Indenture it is provided that the Holders of a specified percentage or a majority in aggregate principal amount of the Securities or of any series of Securities 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 or majority have joined therein may be evidenced by (a) any instrument or any number of
        instruments of similar tenor executed by Securityholders in person, by an agent or by a  proxy appointed in writing, including through an electronic system for tabulating consents operated by the Depositary for such series or otherwise (such action
        becoming effective, except as herein otherwise expressly provided, when such instruments or evidence of electronic consents are delivered to the Trustee and, where it is hereby expressly required, to the Company), 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 IX, or (c) by a combination of such instrument or instruments and any such record of such a meeting of
        Securityholders.

    
      

      43

      
        

      

    

    Section 8.02          Proof of Execution or Holding of Securities.  Proof of the
        execution of any instrument by a Securityholder or his, her or its agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner:

     

      

    (a)          The fact and date of the execution by any Person of any such instrument may be
        proved (i) by the certificate of any notary public or other officer in any jurisdiction who, by the laws thereof, has power to take acknowledgments or proof of deeds to be recorded within such jurisdiction, that the Person who signed such
        instrument did acknowledge before such notary public or other officer the execution thereof, or (ii) by the affidavit of a witness of such execution sworn to before any such notary or other officer. Where such execution is by a Person acting in
        other than his or her individual capacity, such certificate or affidavit shall also constitute sufficient proof of his or her authority.

    

    

    (b)          The ownership of Securities of any series shall be proved by the Register of
        such Securities or by a certificate of the Registrar for such series.

    

    

    (c)          The record of any Holders’ meeting shall be proved in the manner provided in
        Section 9.06.

    

    

    (d)          The Trustee may require such additional proof of any matter referred to in this
        Section 8.02 as it shall deem appropriate or necessary, so long as the request is a reasonable one.

    

    

    (e)          If the Company shall solicit from the Holders of Securities of any series any
        action, the Company may, at its option, fix in advance a record date for the determination of Holders of Securities entitled to take such action, but the Company shall have no obligation to do so. Any such record date shall be fixed at the
        Company’s discretion; provided that such record date shall not be more than 30 calendar days prior to the first solicitation of any consent or waiver or more than 30 calendar days prior to the date of the most recent list of Holders
        furnished to the Trustee prior to such solicitation pursuant to Section 312 of the TIA. If such a record date is fixed, such action may be sought or given before or after the record date, but only the Holders of Securities of record at the close of
        business on such record date shall be deemed to be Holders of Securities for the purpose of determining whether Holders of the requisite proportion of Outstanding Securities of such series have authorized or agreed or consented to such action, and
        for that purpose the Outstanding Securities of such series shall be computed as of such record date.

    

    

    Section 8.03          Persons Deemed Owners.

    

    

    (a)          The Company, the Trustee and any agent of the Company or the Trustee may treat
        the Person in whose name any Security is registered in the Register as the owner of such Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Section 3.08) interest, if any, on, such Security and for
        all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. All payments made to any Holder, or upon his, her
        or its order, shall be valid, and, to the extent of the sum or sums paid, effectual to satisfy and discharge the liability for moneys payable upon such Security.

    

    

    
      

      44

      
        

      

    

    (b)          None of the Company, the Trustee, any Paying Agent or the Registrar shall have
        any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial
        ownership interests.

    

    

    Section 8.04          Effect of Consents.  After an amendment, supplement, waiver or
        other action becomes effective as to any series of Securities, a consent to it by a Holder of such series of Securities is a continuing consent conclusive and binding upon such Holder and every subsequent Holder of the same Securities or portion
        thereof, and of any Security issued upon the transfer thereof or in exchange therefor or in place thereof, even if notation of the consent is not made on any such Security. An amendment, supplement or waiver becomes effective in accordance with its
        terms and thereafter binds every Holder.

     

    

    ARTICLE IX

    

    

    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 IX for any of the following purposes:

     

      

    (a)          to give any notice to the Company or to the Trustee, or to give any directions
        to the Trustee, or to consent to the waiving of any Default or Event of 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 VIII;

    

    

    (b)          to remove the Trustee and nominate a successor trustee pursuant to the
        provisions of Article XI;

    

    

    (c)          to consent to the execution of an Indenture or of indentures supplemental hereto
        pursuant to the provisions of Section 14.02; or

    

    

    (d)          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 one or more 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 all Securityholders of any or all series that may be affected by the action proposed to be taken, to take any action specified in Section 9.01, to be held at such time and at such place as the Trustee shall determine. Notice of every
        meeting of the Securityholders of a series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed to Holders of Securities of such series at their addresses as
        they shall appear on the Register. Such notice shall be mailed not less than 20 nor more than 90 calendar 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 or the Holders of at least 10% in aggregate principal amount of the Securities of a series (or of all series, as the case may be) then Outstanding that may be affected by the action proposed to be taken shall have requested the
        Trustee to call a meeting of Securityholders of such series (or of all series), by written request setting forth 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 20 calendar days after receipt of such request, then the Company or such Securityholders may determine the time and the place for such meeting and may call such meeting to take any action authorized in Section 9.01, by mailing notice thereof
        as provided in Section 9.02.

    
      

      45

      
        

      

    

    Section 9.04          Qualifications for Voting.  To be entitled to vote at any
        meeting of Securityholders, a Person shall (a) be a Holder of one or more Securities affected by the action proposed to be taken at the meeting or (b) be a Person appointed by an instrument in writing as proxy by a Holder of one or more such
        Securities. The only Persons who shall be entitled to be present or to speak at any meeting of 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          Regulation of Meetings.

    

    

    (a)          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 deem fit.

    

    

    (b)          The Trustee shall, by an instrument in writing, appoint a temporary chairman of
        the meeting, unless the meeting shall have been called by the Company or by 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 chair. A permanent chairman and a permanent secretary of the meeting shall be elected by majority vote of the meeting.

    

    

    (c)          At any meeting of Securityholders of a series, each Securityholder of such
        series of such Securityholder’s proxy shall be entitled to one vote for each US$1,000 principal amount of Securities of such series Outstanding held or represented by him or her; 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 other than by virtue of Securities of such
        series held by him or her or instruments in writing as aforesaid duly designating him or her as the Person to vote on behalf of other Securityholders. At any meeting of the Securityholders duly called pursuant to the provisions of Section 9.02 or
        9.03, the presence of Persons holding or representing Securities in an aggregate principal amount sufficient to take action upon the business for the transaction of which such meeting was called shall be necessary to constitute a quorum, and any
        such meeting may be adjourned from time to time by a majority of those present, whether or not constituting a quorum, and the meeting may be held as so adjourned without further notice.

    

    

    
      

      46

      
        

      

    

    Section 9.06          Voting.  The vote upon any resolution submitted to any meeting
        of Securityholders of a series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts of the Securities of such series held
        or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their
        verified written reports in duplicate of all votes cast at the meeting. A record 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 show the principal amounts of the Securities voting in favor of or against any resolution. The record shall be signed and verified by the affidavits of 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.

     

      

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

    

    

    Section 9.07          No Delay of Rights by Meeting.  Nothing contained in this
        Article IX shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Securityholders of any series or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise
        of any right or rights conferred upon or reserved to the Trustee or to the Securityholders of such series under any of the provisions of this Indenture or of the Securities of such series.

     

    

    ARTICLE X

    

    

    REPORTS BY THE COMPANY AND THE TRUSTEE AND

    SECURITYHOLDERS’ LISTS

    

    

    Section 10.01          Reports by Trustee.

    

    

    (a)          Any Trustee’s report required under Section 313(a) of the Trust Indenture Act
        shall be transmitted on or before the sixtieth (60th) calendar day after [_________] in each year following the date hereof, so long as any Securities are Outstanding
        hereunder, and shall be dated as of a date convenient to the Trustee no more than 60 nor less than 45 calendar days prior thereto.

    

    

    (b)          The Trustee shall, at the time of the transmission to the Holders of Securities
        of any report pursuant to the provisions of this Section 10.01, file a copy of such report with each securities exchange upon which the Securities are listed or each automated quotation system on which the Securities are quoted, if any, and also
        with the SEC in respect of a Security listed and registered on a national securities exchange or automated quotation system, if any. The Company agrees to notify the Trustee when, as and if the Securities become listed or delisted on any securities
        exchange or admitted to trading on any automated quotation system and of any delisting thereof.

    

    

    
      

      47

      
        

      

    

    The Company shall reimburse the Trustee for all expenses incurred in the preparation and transmission of any report pursuant to the provisions of this Section 10.01 and of
      Section 10.02.

    

    

    Section 10.02          Reports by the Company.  The Company shall file with the
        Trustee and the SEC, and transmit to Holders, such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner provided in the Trust Indenture Act; provided
        that, any such information, documents or reports required to be filed with the SEC pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 30 calendar days after the same is filed with the SEC; provided further
        that the filing of the reports specified in Section 13 or 15(d) of the Exchange Act by an entity that is the direct or indirect parent of the Company shall satisfy the requirements of this Section 10.02 so long as such entity is an obligor or
        guarantor on the Securities; provided further that the reports of such entity shall not be required to include condensed consolidating financial information for the Company in a footnote to the financial statements of such entity.

     

      

    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 actual or
      constructive notice or knowledge 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 Officer’s Certificates). It is expressly understood that materials transmitted electronically by the Company to the Trustee or filed pursuant to the SEC’s EDGAR system (or any successor electronic filing system) shall be deemed filed with the
      Trustee and transmitted to Holders for purposes of this Section 10.02. The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, the Company’s compliance with the covenants under this Indenture or with respect to
      any reports or other documents filed with the SEC or posted on the Company’s website pursuant to the Indenture, or determine whether any reports have been filed or posted.

    

    

    Section 10.03          Securityholders’ Lists.  The Company covenants and agrees that
        it shall furnish or cause to be furnished to the Trustee:

     

      

    (a)          semi-annually, within 5 Business Days after each Record Date, but in any event
        not less frequently than semi-annually, a list in such form as the Trustee may reasonably require of the names and addresses of the Holders of Securities to which such Record Date applies, as of such Record Date, and

    

    

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

    

    

    provided, however, that so long as the Trustee shall be the Registrar, such lists shall not be required to be furnished.

    

    

    
      

      48

      
        

      

    

    ARTICLE XI

    

    

    CONCERNING THE TRUSTEE

    

    

    Section 11.01          Rights of Trustees; Compensation and Indemnity.  The Trustee
        accepts the trusts created by this Indenture upon the terms and conditions hereof, including the following, to all of which the parties hereto and the Holders from time to time of the Securities agree:

    

    

    (a)          The Company covenants and agrees to pay to the Trustee, in any capacity under
        this Indenture, from time to time, and the Trustee shall be entitled to, compensation for all services rendered by it hereunder in any capacity (which shall not be limited by any provision of law in regard to the compensation of a trustee of an
        express trust) as mutually agreed to in writing between the Trustee and the Company. The Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee
        in accordance with any of the provisions of this Indenture in any capacity thereunder (including the reasonable compensation and the expenses and disbursements of its agents and counsel and of all Persons not regularly in its employ) except any
        such expense, disbursement or advance as shall have been caused by its gross negligence or willful misconduct as determined by a final, non-appealable decision of a court of competent jurisdiction.

    

    

    The Company also agrees to indemnify the Trustee and the Trustee’s officers, employees, directors and agents hereunder for, and to hold it harmless against, any and all loss,
      liability, damage, claim (provided that the Company need not pay for settlement of any such claim made without its consent, which consent shall not be unreasonably withheld) or expense incurred without gross negligence or willful misconduct on the
      part of the Trustee, its officers, employees, directors and agents, as the case may be, as determined by a final, non-appealable decision of a court of competent jurisdiction, and arising out of or in connection with the acceptance or administration
      of this Indenture and the performance of its duties hereunder (including in any agent capacity in which it acts), including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of
      any of its powers or duties hereunder, except those caused by its own gross negligence or willful misconduct (as determined by a final, non-appealable decision of a court of competent jurisdiction). The Trustee shall notify the Company promptly of
      any claim for which it may seek indemnity; provided, however, that the failure to so notify the Company shall not affect the obligations of the Company hereunder to indemnify. In the absence of a Default or an Event of Default, the
      Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.

    

    

    As security for the performance of the obligations of the Company under this Section 11.01(a), the Trustee shall have a lien upon all property and funds held or collected by
      the Trustee as such, except funds held in trust by the Trustee to pay principal of and interest on any Securities.  The Trustee’s right to receive payment of any amounts due under this Section 11.01(a) shall not be subordinate to any other liability
      or indebtedness of the Company.  The indemnity under this Section 11.01(a) is payable upon demand by the Trustee. Notwithstanding any provisions of this Indenture to the contrary, the obligations of the Company to compensate and indemnify the Trustee
      under this Section 11.01(a) shall survive the resignation or removal of the Trustee, any satisfaction and discharge under Article XII , the payment of any Securities and the termination of this Indenture for any reason.  In addition to and without
      prejudice to its other rights hereunder, when the Trustee incurs fees, expenses or renders services after an Event of Default specified in clause (g) or (h) of Section 7.01 occurs, the fees and expenses (including the reasonable fees and expenses of
      its counsel) and compensation for the services are intended to constitute expenses of administration under the Bankruptcy Code or any applicable state bankruptcy, insolvency or similar laws.

    

    

    
      

      49

      
        

      

    

    (b)          The Trustee may execute any of the trusts or powers hereunder or perform any
        duties hereunder either directly or by or through agents, delegates, custodians, nominees or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent, delegate, representative, custodian, nominee
        or attorney appointed by it with due care hereunder.

    

    

    (c)          The Trustee shall not be responsible in any manner whatsoever for the
        correctness of the recitals herein or in the Securities (except its certificates of authentication thereon) contained, all of which are made solely by the Company; and the Trustee shall not be responsible or accountable in any manner whatsoever for
        or with respect to the validity or execution or sufficiency of this Indenture or of the Securities (except its certificates of authentication thereon), and the Trustee makes no representation with respect thereto, except that the Trustee represents
        that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and
        accurate, subject to the qualifications set forth therein. The Trustee shall not be accountable for the use or application by the Company of any Securities, or the proceeds of any Securities.

    

    

    (d)          Before the Trustee acts or refrains from acting, it may require an Officer’s
        Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with counsel of its
        selection, and, subject to Section 11.02, the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by the Trustee hereunder in reliance thereon.

    

    

    (e)          The Trustee, subject to Section 11.02, may rely upon the certificate of the
        Secretary or one of the Assistant Secretaries of the Company as to the adoption of any Board Resolution or resolution of the stockholders of the Company, and any request, direction, order or demand of the Company mentioned herein shall be
        sufficiently evidenced by, and 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 may rely upon, an
        Officer’s Certificate of the Company (unless other evidence in respect thereof be herein specifically prescribed).

    

    

    (f)          Subject to Section 11.04, the Trustee or any agent of the Trustee, in its
        individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 310(b) and 311 of the TIA, may otherwise deal with the Company with the same rights it would have had if it were not the Trustee or such agent.

    

    

    
      

      50

      
        

      

    

    (g)          Money held by the Trustee in trust hereunder need not be segregated from other
        funds except to the extent required by law. The Trustee shall be under no liability for interest on or investment of any money received by it hereunder except as otherwise agreed in writing with the Company. To the extent the Company does not
        provide the written instructions to the Trustee, such funds on deposit shall remain uninvested.

    

    

    (h)          Any action taken by the Trustee pursuant to any provision hereof at the request
        or with the consent of any Person who at the time is the Holder of any Security shall be conclusive and binding in respect of such Security upon all future Holders thereof or of any Security or Securities which may be issued for or in lieu thereof
        in whole or in part, whether or not such Security shall have noted thereon the fact that such request or consent had been made or given.

    

    

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

    

    

    (j)          The Trustee shall not be under any obligation to exercise any of the rights or
        powers vested in it by this Indenture at the request, order or direction of any of the Holders of the Securities, pursuant to any provision of this Indenture, unless one or more of the Holders of the Securities shall have offered, and if requested
        provided, to the Trustee pre-funding, security and/or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which may be incurred by it therein or thereby.

    

    

    (k)          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 its discretion or within the rights or powers conferred upon it by this Indenture.

    

    

    (l)          The Trustee shall not be deemed to have knowledge or be charged with notice of
        any Default or Event of Default with respect to any Securities unless a Responsible Officer of the Trustee has actual knowledge by way of written notice thereof or unless the Company or the Holders of not less than 25% of the Outstanding Securities
        notify the Trustee in writing at the Corporate Trust Office thereof.

    

    

    (m)          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, other evidence of Indebtedness or other paper or document; provided, however,
        that the Trustee, may, but shall not be required to, make further inquiry or investigation into such facts or matters as it may see fit at the expense of the Company and shall incur no liability of any kind by reason of such inquiry or
        investigation.

    

    

    (n)          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 (including, as of the date of this Indenture, the Paying Agent and the Registrar),
        and to each agent, custodian and other person employed to act hereunder.

    

    

    
      

      51

      
        

      

    

    (o)          In no event shall the Trustee be responsible or liable for special, indirect,
        punitive, incidental or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit, goodwill or opportunity), whether or not foreseeable, even if the Trustee has been advised of the possibility of such loss
        or damage and regardless of the form of action. The provisions of this Section 11.01(o) shall survive the termination or discharge of this Indenture and the resignation or removal of the Trustee.

    

    

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

    

    

    (q)          The permissive right of the Trustee to take or refrain from taking action
        hereunder shall not be construed as a duty.

    

    

    (r)          The Trustee is not required to give any bond or surety with respect to the
        performance of its duties or the exercise of its powers under this Indenture.

    

    

    (s)          The Trustee may refrain from taking any action in any jurisdiction if taking
        such action in that jurisdiction would, in the reasonable opinion of the Trustee based on written legal advice received from qualified legal counsel in the relevant jurisdiction, be contrary to any law of that jurisdiction or, to the extent
        applicable, the State of New York. Furthermore, the Trustee may refrain from taking such action if, in the reasonable opinion of the Trustee based on such legal advice, it would otherwise render the Trustee liable to any person in that jurisdiction
        or the State of New York and there has not been offered to the Trustee pre-funding, security and/or indemnity satisfactory to it against the liabilities to be incurred therein or thereby, or the Trustee would not have the legal capacity to take
        such action in that jurisdiction by virtue of applicable law in that jurisdiction or the State of New York or by virtue of a written order of any court or other competent authority in that jurisdiction that the Trustee does not have such legal
        capacity.

    

    

    Section 11.02          Duties of Trustee.

    

    

    (a)          If one or more of the Events of Default specified in Section 7.01 with respect
        to the Securities of any series shall have happened, then, during the continuance thereof, the Trustee shall, with respect to such Securities, exercise such of the rights and powers vested in it by this Indenture, and shall use the same degree of
        care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

    

    

    (b)          Unless and until an Event of Default specified in Section 7.01 with respect to
        the Securities of any series shall have happened which at the time is continuing,

    

    

    (i)          the Trustee undertakes to perform such duties and only such
        duties with respect to the Securities of that series as are specifically set out in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee, whose duties and obligations shall be determined
        solely by the express provisions of this Indenture; and

    

    

    
      

      52

      
        

      

    

    (ii)          the Trustee shall be entitled to conclusively rely, as to
        the truth of the statements and the correctness of the opinions expressed therein, in the absence of gross negligence or willful misconduct on the part of the Trustee, upon certificates and opinions furnished to it pursuant to the express
        provisions of this Indenture; provided that, in the case of any such certificates or opinions which, by the provisions of this Indenture, 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, statements, opinions or conclusions stated therein).

    

    

    (c)          None of the provisions of this Indenture shall be construed as relieving the
        Trustee from liability for its own grossly negligent action, grossly negligent failure to act, or its own willful misconduct, except that, anything in this Indenture contained to the contrary notwithstanding,

    

    

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

    

    

    (ii)          the Trustee shall not be liable to any Holder of Securities
        or to any other Person with respect to any action taken or omitted to be taken by it in good faith, in accordance with the direction of Securityholders given as provided in Section 7.06, relating to the time, method and place of conducting any
        proceeding for any remedy available to it or exercising any trust or power conferred upon it by this Indenture;

    

    

    (iii)          none of the provisions of this Indenture shall require the
        Trustee to expend or risk its own funds or otherwise to incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that
        repayment of such funds or adequate pre-funding, security and/or indemnity against such risk or liability is not reasonably assured to it; and

    

    

    (iv)          this subsection (c) shall not be construed to limit the
        effect of subsection (b) of this Section 11.02.

    

    

    (d)          Whether or not therein expressly so provided, every provision of this Indenture
        relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 11.02.

    

    

    
      

      53

      
        

      

    

    Section 11.03          Notice of Defaults.  Within the later of 90 calendar days after
        the occurrence thereof if known to the Trustee and promptly after obtaining actual knowledge thereof, the Trustee shall give to the Holders of the Securities of a series notice of each Default or Event of Default with respect to the Securities of
        such series known to the Trustee, by transmitting such notice to Holders at their addresses as the same shall then appear on the Register, unless such Default shall have been cured or waived before the giving of such notice (the term “Default”
        being hereby defined to be the events specified in Section 7.01, which are, or after notice or lapse of time or both would become, Events of Default as defined in said Section). Except in the case of a Default or Event of Default in payment of the
        principal of, premium, if any, or interest on, any of the Securities of such series when and as the same shall become payable, or to make any sinking fund payment as to Securities of the same series, the Trustee shall be protected in withholding
        such notice, if and so long as a Responsible Officer or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Securities of such series (it being understood that
        the trustee does not have an affirmative duty to ascertain whether or not any such notice is in the interests of such Holders).

     

      

    Section 11.04          Eligibility; Disqualification.

    

    

    (a)          The Trustee shall at all times satisfy the requirements of Section 310(a) of the
        TIA. The Trustee shall have a combined capital and surplus of at least US$50 million as set forth in its most recent published annual report of condition and shall have a Corporate Trust Office. If at any time the Trustee shall cease to be eligible
        in accordance with the provisions of this Section 11.04, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

    

    

    (b)          The Trustee shall comply with Section 310(b) of the TIA; provided, however,
        that there shall be excluded from the operation of Section 310(b)(i) of the TIA any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Company are Outstanding if the
        requirements for such exclusion set forth in Section 310(b)(1) of the TIA are met. If the Trustee has or shall acquire a conflicting interest within the meaning of Section 310(b) of the TIA, 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. If Section 310(b) of the TIA is amended any time after the date of this Indenture to change the circumstances under
        which a Trustee shall be deemed to have a conflicting interest with respect to the Securities of any series or to change any of the definitions in connection therewith, this Section 11.04 shall be automatically amended to incorporate such changes.

    

    

    Section 11.05          Resignation and Notice; Removal.  The Trustee, or any successor
        to it hereafter appointed, may at any time resign and be discharged of the trusts hereby created with respect to any one or more or all series of Securities by giving to the Company notice in writing.  Such resignation shall take effect upon the
        appointment of a successor Trustee and the acceptance of such appointment by such successor Trustee.  Any Trustee hereunder may be removed with respect to any series of Securities at any time, upon 30 calendar days’ prior written notice delivered
        to the Trustee and the Company by the Holders of a majority in principal amount of the Securities of such series then Outstanding, specifying such removal and the date when it shall become effective.

    
      

      54

      
        

      

    

    If at any time:

    

    

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

    

    

    (2)          the Trustee shall cease to be eligible under Section 11.04 and shall fail to
        resign after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, or

    

    

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

    

    

    then, in any such case, (i) the Company by written notice to the Trustee may remove the Trustee and appoint a successor Trustee with respect to all Securities, or (ii) subject to Section 315(e)
      of the TIA, any Securityholder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction
      for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees.

    

    

    Upon its resignation or removal, any Trustee shall be entitled to the payment of compensation for the services rendered hereunder by such Trustee and to the payment of all
      expenses reasonably incurred hereunder and all moneys then due to it hereunder. The Trustee’s rights to indemnification and its lien provided in Section 11.01(a) shall survive its resignation or removal, the satisfaction and discharge of this
      Indenture and the termination of this Indenture for any reason.

    

    

    Section 11.06          Successor Trustee by Appointment.

    

    

    (a)          In case at any time the Trustee shall resign, or shall be removed (unless the
        Trustee shall be removed as provided in Section 11.04(b), in which event the vacancy shall be filled as provided in Section 11.04(b)), or shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or if a receiver of the Trustee
        or of its property shall be appointed, or if 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 with respect to the Securities of one or more
        series, a successor Trustee with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there
        shall be only one Trustee with respect to the Securities of any series) may be appointed by the Holders of a majority in aggregate principal amount of the Securities of that or those series then Outstanding, by an instrument or instruments in
        writing signed in duplicate by such Holders and filed with the Company and the other with the successor Trustee; provided that, until a successor Trustee shall have been so appointed by the Holders of Securities of that or those series as
        herein authorized, the Company, or, in case all or substantially all the assets of the Company shall be in the possession of one or more custodians or receivers lawfully appointed, or of trustees in bankruptcy or reorganization proceedings
        (including a trustee or trustees appointed under the provisions of the Bankruptcy Code), or of assignees for the benefit of creditors, such receivers, custodians, trustees or assignees, as the case may be, by an instrument in writing, shall appoint
        a successor Trustee with respect to the Securities of such series. Subject to the provisions of Sections 11.04 and 11.05, upon the appointment as above provided of a successor Trustee with respect to the Securities of any series, the Trustee with
        respect to the Securities of such series shall cease to be Trustee hereunder. After any such appointment other than by the Holders of Securities of that or those series, the Person making such appointment shall forthwith cause notice thereof to be
        mailed to the Holders of Securities of such series at their addresses as the same shall then appear on the Register but any successor Trustee with respect to the Securities of such series so appointed shall, immediately and without further act, be
        superseded by a successor Trustee appointed by the Holders of Securities of such series in the manner above prescribed, if such appointment be made prior to the expiration of one year from the date of the mailing of such notice by the Company, or
        by such receivers, trustees or assignees.

    

    

    
      

      55

      
        

      

    

    (b)          If any Trustee with respect to the Securities of one or more series shall resign
        or be removed and a successor Trustee shall not have been appointed by the Company or by the Holders of the Securities of such series or, if any successor Trustee so appointed shall not have accepted its appointment within 30 calendar days after
        such appointment shall have been made, the resigning Trustee may, on behalf of and at the expense of the Company, appoint its own successor or the retiring Trustee or the Company may apply to any court of competent jurisdiction for the appointment
        of a successor Trustee. If in any other case a successor Trustee shall not be appointed pursuant to the foregoing provisions of this Section 11.06 within three months after such appointment might have been made hereunder, the Holder of any Security
        of the applicable series or any retiring Trustee at the expense of the Company may apply to any court of competent jurisdiction to appoint a successor Trustee. Such court may thereupon, in any such case, after such notice, if any, as such court may
        deem proper and prescribe, appoint a successor Trustee.

    

    

    (c)          Any successor Trustee appointed hereunder with respect to the Securities of one
        or more series shall execute, acknowledge and deliver to its predecessor Trustee and to the Company, or to the receivers, trustees, assignees or court appointing it, as the case may be, an instrument accepting such appointment hereunder, and
        thereupon such successor Trustee, without any further act, deed or conveyance, shall become vested with all the authority, rights, powers, trusts, immunities, duties and obligations with respect to such series of such predecessor Trustee with like
        effect as if originally named as Trustee hereunder, and such predecessor Trustee, upon payment of its charges and disbursements then unpaid, shall thereupon become obligated to pay over, and such successor Trustee shall be entitled to receive, all
        moneys and properties held by such predecessor Trustee as Trustee hereunder, subject nevertheless to its lien provided for in Section 11.01(a). Nevertheless, on the written request of the Company or of the successor Trustee or of the Holders of at
        least 10% in aggregate principal amount of the Securities of such series then Outstanding, such predecessor Trustee, upon payment of its said charges and disbursements, shall execute and deliver an instrument transferring to such successor Trustee
        upon the trusts herein expressed all the rights, powers and trusts of such predecessor Trustee and shall assign, transfer and deliver to the successor Trustee all moneys and properties held by such predecessor Trustee, subject nevertheless to its
        lien provided for in Section 11.01(a); and, upon request of any such successor Trustee and the Company shall make, execute, acknowledge and deliver any and all instruments in writing for more fully and effectually vesting in and confirming to such
        successor Trustee all such authority, rights, powers, trusts, immunities, duties and obligations.

    

    

    
      

      56

      
        

      

    

    Section 11.07          Successor Trustee by Merger.  Any Person into which the Trustee
        or any successor to it in the trusts created by this Indenture shall be merged or converted, or any Person with which it or any successor to it shall be consolidated, or any Person resulting from any merger, conversion or consolidation to which the
        Trustee or any such successor to it shall be a party, or any Person to which the Trustee or any successor to it shall sell or otherwise transfer all or substantially all of the corporate trust business of the Trustee, shall be the successor Trustee
        under this Indenture without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided that such Person shall be otherwise qualified and eligible under this Article. In case at the time such
        successor to the Trustee shall succeed to the trusts created by this Indenture with respect to one or more series of Securities, any of such Securities shall have been authenticated but not delivered by the Trustee then in office, any successor to
        such Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Securities so authenticated; and in case at that time any of the Securities shall not have been authenticated, any successor to such Trustee may
        authenticate such Securities either in the name of any predecessor Trustee hereunder or in the name of the successor Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities or in this
        Indenture provided that the certificate of the Trustee shall have; provided, however, that the right to adopt the certificate of authentication of any predecessor Trustee or authenticate Securities in the name of any predecessor
        Trustee shall apply only to its successor or successors by merger, conversion or consolidation.

     

      

    Section 11.08          Right to Rely on Opinion of Counsel and/or Officer’s Certificate. 

        Subject to Section 11.02, and subject to the provisions of Section 16.01 with respect to the opinions and certificates required thereby, 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 suffering any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of gross negligence or willful
        misconduct on the part of the Trustee, be deemed to be conclusively proved and established by an Opinion of Counsel and/or Officer’s Certificate with respect thereto delivered to the Trustee, and such Opinion of Counsel and/or Officer’s
        Certificate, in the absence of gross negligence or willful misconduct 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 11.09          Communications by Securityholders with Other Securityholders. 
        Holders of Securities may communicate pursuant to Section 312(b) of the TIA with other Holders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of
        Section 312(c) of the TIA with respect to such communications.

    
      

      57

      
        

      

    

    ARTICLE XII

    

    

    SATISFACTION AND DISCHARGE; DEFEASANCE

    

    

    Section 12.01          Applicability of Article.  If, pursuant to Section 3.01,
        provision is made for the defeasance of Securities of a series and if the Securities of such series are denominated and payable only in U.S. Dollars (except as provided pursuant to Section 3.01), then the provisions of this Article shall be
        applicable except as otherwise specified pursuant to Section 3.01 for Securities of such series.

     

      

    Section 12.02          Satisfaction and Discharge of Indenture.

     

      

    (a)          This Indenture, with respect to the Securities of any series (if all series
        issued under this Indenture are not to be affected), shall cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of such Securities herein expressly provided for and rights to receive payments of
        principal of, premium, if any, and interest on, such Securities) when:

    

    

    (i)          either:

    

    

    (A)          all Securities of such series that have been authenticated,
        except (x) lost, stolen or destroyed Securities that have been replaced or paid and (y) Securities for whose payment money has been deposited in trust and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or

    

    

    (B)          all Securities of such series that have not been delivered to
        the Trustee for cancellation have become due and payable by reason of the mailing of a notice of redemption or otherwise or will become due and payable within one year and the Company has irrevocably deposited or caused to be deposited with the
        Trustee or the Paying Agent as trust funds in trust solely for the benefit of the Holders, cash in U.S. Dollars, U.S. Government Obligation, or a combination of cash in U.S. Dollars and U.S. Government Obligation, in amounts as will be sufficient
        (in the case of a deposit not entirely in cash, in the opinion of an internationally recognized investment bank, appraisal firm or firm of independent public accountants), without consideration of any reinvestment of interest, to pay and discharge
        the entire Indebtedness on such Securities not delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to the Stated Maturity or Redemption Date, as the case may be; provided, however, in the
        event a petition for relief under the Bankruptcy Code or any applicable state bankruptcy, insolvency or other similar law is filed with respect to the Company within 91 calendar days after the deposit and the Trustee or the Paying Agent (as the
        case may be) is required to return the moneys then on deposit with the Trustee or the Paying Agent (as the case may be) to the Company, the obligations of the Company under this Indenture with respect to such Securities shall not be deemed
        terminated or discharged;

    

    

    
      

      58

      
        

      

    

    (ii)          no Default or Event of Default under this Indenture has
        occurred and is continuing on the date of the deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit) and the deposit will not result in a breach or violation of, or constitute a
        default under, any other instrument to which the Company is a party or by which it is bound;

    

    

    (iii)          the Company has paid or caused to be paid all sums payable
        by it under this Indenture with respect to all Securities of such series; and

    

    

    (iv)          the Company has delivered irrevocable instructions to the
        Trustee or the Paying Agent (as the case may be) under this Indenture to apply the deposited money toward the payment of the Securities of such series at the Stated Maturity or Redemption Date, as the case may be.

    

    

    (b)          The Company shall deliver an Officer’s Certificate and an Opinion of Counsel
        (which opinion may be subject to customary assumptions and exclusions) to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied.

    

    

    (c)          Notwithstanding the satisfaction and discharge of this Indenture, the Company’s
        obligations under Section 11.01(a) shall survive and if money shall have been deposited with the Trustee or the Paying Agent (as the case may be) pursuant to subclause (A)(y) of clause (i) of Section 12.02(a), the obligations of the Trustee or the
        Paying Agent (as the case may be) under Section 12.07 and Section 6.03(e) shall survive such satisfaction and discharge.

    

    

    Section 12.03          Defeasance upon Deposit of Moneys or U.S. Government Obligations.

     

        

    (a)          The Company may, at its option and at any time, elect to have either Section
        12.03(b) or Section 12.03(c) applied to all Outstanding Securities of any series upon compliance with the conditions set forth below in this Section 12.03.

    

    

    (b)          Upon the Company’s exercise under Section 12.03(a) of the option applicable to
        this Section 12.03(b), the Company shall, subject to the satisfaction of the conditions set forth in Section 12.03(d), be deemed to have been Discharged from its obligations with respect to all Outstanding Securities of such series on the date such
        conditions are satisfied (“Legal Defeasance”). For this purpose, “Legal Defeasance” means that the Company shall be deemed to have paid and Discharged the entire Indebtedness represented by the Securities of such series then
        Outstanding and to have satisfied all of its other obligations under the Securities of such series and this Indenture, except for the following provisions which shall survive until otherwise terminated or discharged hereunder:

    

    

    (i)          the rights of Holders of the Securities of such series then
        Outstanding to receive payments in respect of the principal of, or interest or premium on the Securities when such payments are due from the trust referred to in Section 12.03(d);

    

    

    (ii)          the Company’s obligations concerning issuing temporary
        Securities, registration of Securities, mutilated, destroyed, lost or stolen Securities and the maintenance of an office or agency for payment and money for security payments held in trust;

    

    

    
      

      59

      
        

      

    

    (iii)          the rights, powers, trusts, duties, indemnities and
        immunities of the Trustee, and the Company’s obligations in connection therewith; and

    

    

    (iv)          this Section 12.03(b) and Section 12.03(c) with respect to
        the Securities of such series.

    

    

    Following the Company’s exercise of its Legal Defeasance option, payment of the Securities of such series may not be accelerated because of an Event of Default. Subject to
      compliance with this Article XII, the Company may exercise its option under this Section 12.03(b) notwithstanding the prior exercise of its option under Section 12.03(c).

    

    

    “Discharged” means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by, and obligations under, the Securities of a
      series and to have satisfied all the obligations under this Indenture relating to the Securities of such series (and the Trustee, at the expense of the Company, shall execute such instruments reasonably requested by the Company acknowledging the
      same), except (A) the rights of Holders of Securities of such series to receive, from the trust fund described in clause (i) of 12.03(d), payment of the principal of, premium, if any, or interest on such Securities when such payments are due, (B) the
      Company’s obligations with respect to Securities of such series under Sections 3.04, 3.06, 3.07, 6.02, 6.03, 12.06 and 12.07 and (C) the rights, powers, trusts, duties, indemnities and immunities of the Trustee hereunder.

    

    

    (c)          Upon the Company’s exercise under Section 12.03(a) of the option applicable to
        this Section 12.03(c), the Company shall, subject to the satisfaction of the conditions set forth in Section 12.03(d), be released from its obligations under the covenants contained in Section 6.04, Section 6.06 and as provided pursuant to Section
        3.01(x), on and after the date the conditions set forth in Section 12.03(d) are satisfied (“Covenant Defeasance”). For this purpose, “Covenant Defeasance” means that, with respect to this Indenture and the Securities of such Series
        then Outstanding, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any
        such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document, and such omission to comply shall not constitute a Default or an Event of Default under Section 7.01, but, except as specified
        above, the remainder of this Indenture and the Securities shall be unaffected thereby. In addition, upon the Company’s exercise under Section 12.03(a) of the option applicable to this Section 12.03(c), subject to the satisfaction of the conditions
        set forth in Section 12.03(d), Sections 7.01(c), 7.01(d) (only with respect to covenants that are released as a result of such Covenant Defeasance), 7.01(e) and 7.01(f), in each case, shall not constitute Events of Default.

    

    

    (d)          The following shall be the conditions to the exercise of either the Legal
        Defeasance option under Section 12.03(b) or the Covenant Defeasance option under Section 12.03(c):

    

    

    (i)          the Company must irrevocably deposit with the Trustee or the
        Paying Agent as trust funds, in trust, for the benefit of the Holders of all Securities subject to Legal Defeasance or Covenant Defeasance, cash in U.S. Dollars, U.S. Government Obligation, or a combination of cash in U.S. Dollars and U.S.
        Government Obligation, in amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public accountants to pay the principal of, or interest and premium on such Securities that
        are then Outstanding on the Stated Maturity or Redemption Date, as the case may be, and the Company must specify whether such Securities are being defeased to maturity or to a particular Redemption Date;

    

    

    
      

      60

      
        

      

    

    (ii)          in the case of Legal Defeasance, the Company must deliver to
        the Trustee an Opinion of Counsel of recognized standing with respect to U.S. federal income tax matters that is acceptable to the Trustee confirming that (A) the Company has received from, or there has been published by, the U.S. Internal Revenue
        Service a ruling or (B) since the date of this Indenture, there has been a change in the applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel will confirm that, the beneficial owners of the
        Securities then Outstanding will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as
        would have been the case if such Legal Defeasance had not occurred;

    

    

    (iii)          in the case of Covenant Defeasance, the Company must
        deliver to the Trustee an Opinion of Counsel of recognized standing with respect to U.S. federal income tax matters that is acceptable to the Trustee confirming that the beneficial owners of the Securities of such series then Outstanding will not
        recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such
        Covenant Defeasance had not occurred;

    

    

    (iv)          no Default or Event of Default must have occurred and be
        continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit);

    

    

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

    

    

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

    

    

    Section 12.04          Repayment to Company.  The Trustee and any Paying Agent shall
        promptly pay to the Company (or to its designee) upon Company Order any excess moneys or U.S. Government Obligations held by them at any time, including any such moneys or U.S. Government Obligations held by the Trustee under the Indenture.  The
        provisions of the last paragraph of Section 6.03 shall apply to any moneys or U.S. Government Obligations held by the Trustee or any Paying Agent under this Article that remains unclaimed for two years after the Maturity of any series of Securities
        for which moneys or U.S. Government Obligations have been deposited pursuant to Section 12.03.

    
      

      61

      
        

      

    

    Section 12.05          Indemnity for U.S. Government Obligations.  The Company shall
        pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the deposited U.S. Government Obligations or the principal or interest received on such U.S. Government Obligations.

     

      

    Section 12.06          [Reserved].

        

      

    Section 12.07          Application of Trust Money.

    

    

    (a)          Neither the Trustee nor any other paying agent shall be required to pay interest
        on any moneys deposited pursuant to the provisions of this Indenture, except such as it shall agree with the Company in writing to pay thereon. Any moneys so deposited for the payment of the principal of, or premium, if any, or interest on the
        Securities of any series and remaining unclaimed for two years after the date of the maturity of the Securities of such series or the date fixed for the redemption of all the Securities of such series at the time Outstanding, as the case may be,
        shall be applied as provided in Section 6.03(e).

    

    

    (b)          Subject to the provisions of clause (a) above, any moneys or U.S. Government
        Obligations which at any time shall be deposited by the Company or on its behalf with the Trustee or any other paying agent for the purpose of paying the principal of, premium, if any, and interest on any of the Securities shall be and are hereby
        assigned, transferred and set over to the Trustee or such other paying agent in trust for the respective Holders of the Securities for the purpose for which such moneys or U.S. Government Obligations shall have been deposited; provided that
        such moneys or U.S. Government Obligations need not be segregated from other funds except to the extent required by law.

    

    

    ARTICLE XIII

    

    

    IMMUNITY OF CERTAIN PERSONS

    

    

    Section 13.01          No Personal Liability.  No recourse shall be had for the
        payment of the principal of, or the premium, if any, or interest on, any Security or for any claim based thereon or otherwise in respect thereof or of the Indebtedness represented thereby, or upon any obligation, covenant or agreement of this
        Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor thereto, either directly or through the Company or any successor thereto, whether by virtue of any
        constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and the Securities are solely corporate obligations, and that no
        personal liability whatsoever shall attach to, or be incurred by, any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor thereto, either directly or through the Company or any
        successor corporation, because of the incurring of the Indebtedness hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Securities, or to be implied
        herefrom or therefrom, and that all liability, if any, of that character against every such incorporator, stockholder, officer and director is, by the acceptance of the Securities and as a condition of, and as part of the consideration for, the
        execution of this Indenture and the issue of the Securities expressly waived and released.

    
      

      62

      
        

      

    

    ARTICLE XIV

    

    

    SUPPLEMENTAL INDENTURES

    

    

    Section 14.01          Without Consent of Securityholders.  Except as otherwise
        provided as contemplated by Section 3.01 with respect to any series of Securities, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for
        any one or more of or all the following purposes:

     

      

    (a)          to cure any ambiguity, omission, defect or inconsistency contained herein or in
        any supplemental indenture; provided, however, that such amendment does not materially and adversely affect the rights of Holders as determined by the Company;

    

    

    (b)          to evidence the succession of another corporation to the Company, or successive
        successions, and the assumption by such successor of the covenants and obligations of the Company contained in the Securities of one or more series and in this Indenture or any supplemental indenture;

    

    

    (c)          to comply with the rules of any applicable Depositary;

    

    

    (d)          to secure any series of Securities;

    

    

    (e)          to add to the covenants and agreements of the Company, to be observed thereafter
        and during the period, if any, in such supplemental indenture or indentures expressed, and to add Events of Default, in each case for the protection or benefit of the Holders of all or any series of the Securities (and if such covenants, agreements
        and Events of Default are to be for the benefit of fewer than all series of Securities, stating that such covenants, agreements and Events of Default are expressly being included for the benefit of such series as shall be identified therein), or to
        surrender any right or power herein conferred upon the Company;

    

    

    (f)          to make any change in any series of Securities that does not adversely affect
        the legal rights under this Indenture of any Holder of such Securities in any material respect;

    

    

    (g)          to evidence and provide for the acceptance of an appointment under this
        Indenture of a successor Trustee; provided that the successor Trustee is otherwise qualified and eligible to act as such under the terms hereof;

    

    

    (h)          to conform the text of this Indenture or any series of the Securities to any
        provision of the section entitled “Description of Debt Securities” in the Prospectus to the extent that such provision in the Prospectus was intended to be a verbatim recitation of a provision of this Indenture or such series of the Securities as
        evidenced by an Officer’s Certificate;

    

    

    
      

      63

      
        

      

    

    (i)          to make any amendment to the provisions of this Indenture relating to the
        transfer and legending of Securities as permitted by this Indenture, including, but not limited to, facilitating the issuance and administration of any series of the Securities or, if incurred in compliance with this Indenture, additional
        Securities; provided, however, that (i) compliance with this Indenture as so amended would not result in any series of the Securities being transferred in violation of the U.S. Securities Act of 1933, as amended, or any applicable
        securities law and (ii) such amendment does not materially and adversely affect the rights of Holders to transfer Securities;

    

    

    (j)          to change or eliminate any of the provisions of this Indenture; provided
        that any such change or elimination shall become effective only when there is no Outstanding Security of any series created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision and as to which such
        supplemental indenture would apply;

    

    

    (k)          to make any amendment to this Indenture necessary to qualify this Indenture
        under the Trust Indenture Act;

    

    

    (l)          to add guarantors or co-obligors with respect to any series of Securities; and

    

    

    (m)          to establish the form and terms of Securities of any series as permitted in
        Section 3.01, or to provide for the issuance of additional Securities in accordance with the limitations set forth in this Indenture, or to add to the conditions, limitations or restrictions on the authorized amount, terms or purposes of issue,
        authentication or delivery of the Securities of any series, as herein set forth, or other conditions, limitations or restrictions thereafter to be observed.

    

    

    Subject to the provisions of Section 14.03, the Trustee is authorized to join with the Company in the execution of any such supplemental indenture, to make the further
      agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property or assets thereunder.

    

    

    Any supplemental indenture authorized by the provisions of this Section 14.01 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 14.02.

    

    

    Section 14.02          With Consent of Securityholders; Limitations.

    

    

    (a)          With the consent of the Holders (evidenced as provided in Article VIII) of a
        majority in aggregate principal amount of the Outstanding Securities of each series affected by such supplemental indenture voting separately, the Company and the Trustee may, from time to time and at any time, enter into an indenture or indentures
        supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any provisions of this Indenture or of modifying in any manner the rights of the Holders of the Securities of such series to be affected; provided,
        however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security of each such series affected thereby,

    

    

    (i)          change the Stated Maturity of the principal of and premium,
        if any, or any installment of interest on any Security;

    

    

    (ii)          reduce the principal amount of, payments of interest on or
        stated time for payment of interest on any Security;

    

    

    
      

      64

      
        

      

    

    (iii)          change any obligation of the Company to pay Additional
        Amounts with respect to any Security;

    

    

    (iv)          reduce the amount of the principal of an Original Issue
        Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 7.02;

    

    

    (v)          impair the right to institute suit for the enforcement of any
        payment due on or with respect to any Security;

    

    

    (vi)          reduce the percentage in principal amount of the Outstanding
        Securities of any series, the consent of whose Holders is required for any supplemental indenture;

    

    

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

    

    

    (viii)          modify any of the provisions of this Section 14.02,
        Section 7.06 or Section 6.08, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided,
        however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to the “Trustee” and concomitant changes in this Section 14.02 and Section 6.08, or the deletion of this
        proviso, in accordance with the requirements of Sections 11.06 and 14.01(g);

    

    

    (ix)          amend, change or modify any provision of this Indenture or
        the related definition affecting the ranking of any series of Securities in a manner which adversely affects the Holders of such Securities; or

    

    

    (x)          reduce the amount of the premium payable upon the redemption
        of any Security or change the time at which any Security may be redeemed as described in Section 4.07 or as provided pursuant to Section 3.01, whether through an amendment or waiver of provisions in the covenants, definitions or otherwise.

    

    

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

    

    

    
      

      65

      
        

      

    

    (c)          It shall not be necessary for the consent of the Securityholders under this
        Section 14.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof.

    

    

    (d)          The Company may set a record date pursuant to Section 8.02(e) for purposes of
        determining the identity of the Holders of each series of Securities entitled to give a written consent or waive compliance by the Company as authorized or permitted by this Section 14.02.

    

    

    (e)          Promptly after the execution by the Company and the Trustee of any supplemental
        indenture pursuant to the provisions of this Section 14.02, the Company shall mail a notice, setting forth in general terms the substance of such supplemental indenture, to the Holders of Securities at their addresses as the same shall then appear
        in the Register. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.

    

    

    Section 14.03          Trustee Protected.  Upon the request of the Company,
        accompanied by the Officer’s Certificate and Opinion of Counsel required by Section 16.01 stating that the execution of such supplemental indenture to be entered into pursuant to Section 14.01 or Section 14.02 is authorized or permitted by this
        Indenture, and evidence satisfactory to the Trustee of consent of the Holders if the supplemental indenture is to be executed pursuant to Section 14.02, the Trustee shall join with the Company in the execution of said supplemental indenture unless
        said supplemental indenture affects the Trustee’s own rights, duties, indemnities or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into said supplemental
        indenture. The Trustee shall be fully protected in relying upon such Officer’s Certificate and Opinion of Counsel.

     

      

    Section 14.04          Effect of Execution of Supplemental Indenture.  Upon the
        execution of any supplemental indenture pursuant to the provisions of this Article XIV, this Indenture shall be deemed to be modified and amended in accordance therewith and, except as herein otherwise expressly provided, the respective rights,
        limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the Holders of all of the Securities or of the Securities of any series affected, as the case may be, 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.

     

      

    Section 14.05          Notation on or Exchange of Securities.  Securities of any
        series authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article may bear a notation in the form approved by the Trustee as to any matter provided for in such supplemental indenture. If
        the Company or the Trustee shall so determine, new Securities so modified as to conform, in the opinion of the Trustee and the Board of Directors of the Company, to any modification of this Indenture contained in any such supplemental indenture may
        be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for the Securities then Outstanding in equal aggregate principal amounts, and such exchange shall be made without cost to the Holders of the
        Securities.

    
      

      66

      
        

      

    

    Section 14.06          Conformity with TIA.  Every supplemental indenture executed
        pursuant to the provisions of this Article shall conform to the requirements of the Trust Indenture Act as then in effect.

     

    

    ARTICLE XV

    

    

    SUBORDINATION OF SECURITIES

    

    

    Section 15.01          Agreement to Subordinate.  In the event a series of Securities
        is designated as subordinated pursuant to Section 3.01, and except as otherwise provided in a Company Order, Officer’s Certificate or in one or more indentures supplemental hereto, the Company, for itself, its successors and assigns, covenants and
        agrees, and each Holder of Securities of such series by his, her or its acceptance thereof, likewise covenants and agrees, that the payment of the principal of, premium, if any, or interest on each and all of the Securities of such series is hereby
        expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior Indebtedness. In the event a series of Securities is not designated as subordinated pursuant to Section
        3.01(p), this Article XV shall have no effect upon such series of Securities.

     

      

    Section 15.02          Distribution on Dissolution, Liquidation and Reorganization;
          Subrogation of Securities.  Subject to Section 15.01, upon any distribution of assets of the Company upon any dissolution, winding up, liquidation or reorganization of the Company, whether in bankruptcy, insolvency, reorganization or
        receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Company or otherwise (subject to the power of a court of competent jurisdiction to make other equitable
        provision reflecting the rights conferred in this Indenture upon the Senior Indebtedness and the holders thereof with respect to the Securities and the holders thereof by a lawful plan of reorganization under the Bankruptcy Code or any applicable
        state bankruptcy laws):

     

      

    (a)          the holders of all Senior Indebtedness shall be entitled to receive payment in
        full of the principal, premium, if any, or interest thereon before the Holders of the Securities are entitled to receive any payment upon the principal of, premium, if any, or interest on Indebtedness evidenced by the Securities; and

    

    

    (b)          any payment or distribution of assets of the Company of any kind or character,
        whether in cash, property or securities, to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article XV in respect of the principal of, premium, if any, or interest, on the Securities shall be
        paid by the liquidation trustee or agent or other Person making such payment or distribution, whether a trustee in bankruptcy, a receiver or liquidating trustee or otherwise, directly to the holders of Senior Indebtedness or their representative or
        representatives or to the trustee or trustees under any indenture under which any instruments evidencing any of such Senior Indebtedness may have been issued, ratably according to the aggregate amounts remaining unpaid on account of the principal
        of, premium, if any, or interest on the Senior Indebtedness held or represented by each, to the extent necessary to make payment in full of all Senior Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution to
        the holders of such Senior Indebtedness; and

    

    

    
      

      67

      
        

      

    

    (c)          in the event that, notwithstanding the foregoing, any payment or distribution of
        assets of the Company of any kind or character in respect of the principal of, premium, if any, or interest on Indebtedness evidenced by the Securities, whether in cash, property or securities prohibited by the foregoing, shall be received by the
        Trustee or the Holders of the Securities before all Senior Indebtedness is paid in full, such payment or distribution shall be paid over, upon and pursuant to the terms of a Company Order to a Responsible Officer of the Trustee, to the holder of
        such Senior Indebtedness identified in such Company Order or his, her or its representative or representatives or to the trustee or trustees under any indenture identified in such Company Order under which any instrument evidencing any of such
        Senior Indebtedness may have been issued, ratably as aforesaid, as calculated by the Company, for application to payment of all Senior Indebtedness remaining unpaid until all such Senior Indebtedness shall have been paid in full, after giving
        effect to any concurrent payment or distribution to the holders of such Senior Indebtedness.

    

    

    (d)          Subject to the payment in full of all Senior Indebtedness, the Holders of the
        Securities shall be subrogated to the rights of the holders of Senior Indebtedness (to the extent that distributions otherwise payable to such holder have been applied to the payment of Senior Indebtedness) to receive payments or distributions of
        cash, property or securities of the Company applicable to Senior Indebtedness until the principal of, premium, if any, or interest on the Securities shall be paid in full and no such payments or distributions to the Holders of the Securities of
        cash, property or securities otherwise distributable to the holders of Senior Indebtedness shall, as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Securities be deemed to be a payment by
        the Company to or on account of the Securities. It is understood that the provisions of this Article XV are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand, and the holders
        of the Senior Indebtedness, on the other hand. Nothing contained in this Article XV or elsewhere in this Indenture or in the Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior
        Indebtedness, and the Holders of the Securities, the obligation of the Company, which is unconditional and absolute, to pay to the Holders of the Securities the principal of, premium, if any, or interest on the Securities as and when the same shall
        become due and payable in accordance with their terms, or to affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness, nor shall anything herein or in the Securities
        prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article XV of the holders of Senior Indebtedness in
        respect of cash, property or securities of the Company received upon the exercise of any such remedy. Upon any payment or distribution of assets of the Company referred to in this Article XV, the Trustee, subject to the provisions of Section 15.05,
        shall be entitled to conclusively rely upon a certificate of the liquidating trustee or agent or other person making any distribution to the Trustee for the purpose of ascertaining the Persons entitled to participate in such 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 thereof and all other facts pertinent thereto or to this Article XV.

    

    

    Section 15.03          No Payment on Securities in Event of Default on Senior Indebtedness. 

        Subject to Section 15.01, no payment by the Company on account of principal (or premium, if any), sinking funds or interest, if any, on the Securities shall be made at any time if: (i) a default on Senior Indebtedness exists that permits the
        holders of such Senior Indebtedness to accelerate its maturity and (ii) the default is the subject of judicial proceedings or the Company has received notice of such default. The Company may resume payments on the Securities when full payment of
        amounts then due for principal (premium, if any), sinking funds and interest on Senior Indebtedness has been made or duly provided for in money or money’s worth.

    
      

      68

      
        

      

    

    In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee when such payment is prohibited by the preceding paragraph of this Section
      15.03, such payment shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of such Senior Indebtedness or their respective representatives, or to the trustee or trustees under any indenture pursuant to which
      any of such Senior Indebtedness may have been issued, as their respective interests may appear, as calculated by the Company, but only to the extent that the holders of such Senior Indebtedness (or their representative or representatives or a
      trustee) notify the Trustee in writing within 90 calendar days of such payment of the amounts then due and owing on such Senior Indebtedness and only the amounts specified in such notice to the Trustee shall be paid to the holders of such Senior
      Indebtedness and it has received a written notice from the Company pursuant to Section 15.06 hereof that verifies the notice from the holders of the Senior Indebtedness and confirms that payments subject to such notice are prohibited under this
      Article XV and to instruct the Trustee to make the payments as provided for in such Company Order.

    

    

    Section 15.04          Payments on Securities Permitted.  Subject to Section 15.01,
        nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 15.02 and 15.03, payments of principal of (or
        premium, if any) or interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys or assets deposited with it hereunder to the payment of or on account of the principal of, premium, if any, or interest on the
        Securities, unless a Responsible Officer of the Trustee shall have received (i) written notice of any fact prohibiting the making of such payment from the Company, or (ii) from the holder of any Senior Indebtedness or from the trustee for any such
        holder, together with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority of such trustee, together with a Company Order confirming such holding of Senior Indebtedness or authority of such trustee and
        directing the Trustee to comply with such notice in accordance with the terms of this Article XV, more than two (2) Business Days prior to the date fixed for such payment.

     

      

    Section 15.05          Authorization of Securityholders to Trustee to Effect Subordination. 

        Subject to Section 15.01, each Holder of Securities by his acceptance thereof authorizes and directs the Trustee on his, her or its behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this
        Article XV.

     

      

    Section 15.06          Notices to Trustee.  The Company shall give prompt written
        notice to a Responsible Officer of the Trustee of any fact known to the Company that would prohibit the making of any payment of moneys or assets to or by the Trustee in respect of the Securities of any series pursuant to the provisions of this
        Article XV. Subject to Section 15.01, notwithstanding the provisions of this Article XV or any other provisions of this Indenture, neither the Trustee nor any Paying Agent (other than the Company) shall be charged with knowledge of the existence of
        any Senior Indebtedness or of any fact which would prohibit the making of any payment of moneys or assets to or by the Trustee or such Paying Agent, unless and until a Responsible Officer of the Trustee shall have received (in the case of a
        Responsible Officer of the Trustee) either (i) written notice thereof from the Company, or (ii) from the holder of any Senior Indebtedness or from the trustee for any such holder, together with proof satisfactory to the Trustee of such holding of
        Senior Indebtedness or of the authority of such trustee, together with a Company Order confirming such holding of Senior Indebtedness or authority of such trustee and directing the Trustee to comply with such notice in accordance with the terms of
        this Article XV, and, prior to the receipt of any such written notice, the Trustee shall be entitled in all respects conclusively to presume that no such facts exist; provided, however, that if at least two (2) Business Days prior
        to the date upon which by the terms hereof any such moneys or assets may become payable for any purpose (including, without limitation, the payment of either the principal of, premium, if any, or interest on any Security) a Responsible Officer of
        the Trustee shall not have received with respect to such moneys or assets the notices provided for in this Section 15.06, then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive
        such moneys or assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it within two (2) Business Days prior to such date. The Trustee shall be
        entitled to conclusively 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 on behalf of such holder) to establish that such a notice has been given by a holder of
        Senior Indebtedness or a trustee on behalf of any such holder; provided, however, the Trustee shall not act under this Article XV and shall in all cases be fully protected in refraining from acting under this Article XV unless and until it has
        received the aforementioned Company Order instructing it to do so. 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 XV, the Trustee may 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 XV and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending its
        receipt of the aforementioned Company Order and/or judicial determination as to the right of such Person to receive such payment. The Trustee shall not incur any liability for its reliance upon any such notice, evidence, direction, order or other
        writing delivered to it hereunder that it believes to be genuine. The Trustee may consult with legal counsel (who may be counsel for the Company) and other experts selected by it in connection with any notice, evidence, direction, order or other
        request received by it under this Article XV, and shall not be liable for any action take or not taken by it.

    
      

      69

      
        

      

    

    Section 15.07          Trustee as Holder of Senior Indebtedness.  Subject to Section
        15.01, the Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XV in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness and nothing in
        this Indenture shall be construed to deprive the Trustee of any of its rights as such holder. Nothing in this Article XV shall apply to claims of, or payments to, the Trustee under or pursuant to Sections 7.05 or 11.01.

     

      

    Section 15.08          Modifications of Terms of Senior Indebtedness.  Subject to
        Section 15.01, any renewal or extension of the time of payment of any Senior Indebtedness or the exercise by the holders of Senior Indebtedness of any of their rights under any instrument creating or evidencing Senior Indebtedness, including,
        without limitation, the waiver of default thereunder, may be made or done all without notice to or assent from the Holders of the Securities or the Trustee. No compromise, alteration, amendment, modification, extension, renewal or other change of,
        or waiver, consent or other action in respect of, any liability or obligation under or in respect of, or of any of the terms, covenants or conditions of any indenture or other instrument under which any Senior Indebtedness is Outstanding or of such
        Senior Indebtedness, whether or not such release is in accordance with the provisions of any applicable document, shall in any way alter or affect any of the provisions of this Article XV or of the Securities relating to the subordination thereof.

     

      

    Section 15.09          Reliance on Judicial Order or Certificate of Liquidating Agent. 

        Subject to Section 15.01, upon any payment or distribution of assets of the Company referred to in this Article XV, the Trustee and the Holders of the Securities shall be entitled to conclusively rely 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, liquidating trustee,
        custodian, receiver, assignee for the benefit of creditors, agent or other person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, 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 XV.

     

      

    Section 15.10          Satisfaction and Discharge; Defeasance and Covenant Defeasance. 

        Subject to Section 15.01, moneys and U.S. Government Obligations deposited in trust with the Trustee pursuant to and in accordance with Article XII and not, at the time of such deposit, prohibited to be deposited under Sections 15.02 or 15.03 shall
        not be subject to this Article XV.

     

      

    Section 15.11          Trustee Not Fiduciary for Holders of Senior Indebtedness.  With
        respect to the holders of Senior Indebtedness, the Trustee undertakes to perform or observe only such of its covenants and obligations as are specifically set forth in this Article XV, and no implied covenants or obligations with respect to the
        holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness. The Trustee shall not be liable to any such holder if it shall
        pay over or distribute to or on behalf of Holders of Securities or the Company, or any other Person, moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article XV or otherwise. For the avoidance of
        doubt, (i) when acting under this Article, the Trustee shall have all of the rights, benefits, privileges, protections and indemnities provided to the Trustee under Article XI of this Indenture, and (ii) the Trustee shall not have any duty to take
        any discretionary action or exercise any discretionary powers in acting under this Article.

    
      

      70

      
        

      

    

    ARTICLE XVI

    

    

    MISCELLANEOUS PROVISIONS

    

    

    Section 16.01          Certificates and Opinions as to Conditions Precedent.

    

    

    (a)          Upon any request or application 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 Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with
        and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of such document is specifically
        required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished.

    

    

    (b)          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 (other than the certificates provided pursuant to Section 6.07 of this Indenture) shall include (i) a statement that the Person giving such certificate
        or opinion has read such covenant or condition; (ii) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; (iii) a statement that,
        in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable such Person to express an informed view or opinion as to whether or not such covenant or condition has been complied with; and (iv) a
        statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with.

    

    

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

    

    

    (d)          Any certificate, statement or opinion of an Officer of the Company or of counsel
        to the Company may be based, insofar as it relates to accounting matters, upon a certificate or opinion of, or representations by, an accountant or firm of accountants, unless such officer or counsel, as the case may be, knows, or in the exercise
        of reasonable care should know, that the certificate or opinion or representations with respect to the accounting matters upon which his or her certificate, statement or opinion may be based are erroneous. Any certificate or opinion of any firm of
        independent registered public accountants filed with the Trustee shall contain a statement that such firm is independent.

    

    

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

    

    

    
      

      71

      
        

      

    

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

    

    

    Section 16.02          Trust Indenture Act Controls.  If and to the extent that any
        provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or with a provision included in this Indenture which is required to be included in this Indenture by any of the provisions of Sections 310 to 318, inclusive, of,
        the TIA, such imposed duties or incorporated provision shall control.

     

      

    Section 16.03          Notices to the Company and Trustee.  Any notice or demand
        authorized or permitted by this Indenture to be made upon, given or furnished to, or filed with, the Company or the Trustee shall be sufficiently made, given, furnished or filed for all purposes if it shall be mailed, by regular mail or overnight
        courier, delivered, faxed or sent electronically in PDF format to:

     

      

    (a)          the Company, at Sea Limited, 1 Fusionopolis Place, #17-10, Galaxis, Singapore,
        138522, Attention: General Counsel, or at such other address or facsimile number as may have been furnished in writing to the Trustee by the Company.

    

    

    (b)          the Trustee, at the Corporate Trust Office, Attention: Sea Limited
        Administrator.

    

    

    Any such notice, demand or other document shall be in the English language. Anything herein to the contrary notwithstanding, no such notice or demand shall be effective as to
      the Trustee unless it is actually received by the Trustee at its Corporate Trust Office.

    

    

    The Trustee and the Agents agree to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, PDF, facsimile or other similar
      unsecured electronic transmission methods; provided, however, that the Trustee and the Agents shall have received an incumbency certificate listing persons designated to give such instructions or directions and containing specimen
      signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Company elects to give the Trustee and the Agents e-mail or facsimile
      instructions (or instructions by a similar electronic transmission method), the Trustee’s and the Agents’ understanding of such instructions shall be deemed controlling. The Trustee and the Agents shall have no duty or obligation to verify or confirm
      that the person who sent such instructions or directions is, in fact, a person authorized to give instructions or directions on behalf of the Company (other than to verify that the signature on a PDF or facsimile transmission is the signature of a
      person authorized to give instructions and directions on behalf of the Company). The Trustee and the Agents shall not be liable for any losses, liabilities, costs or expenses arising directly or indirectly from the Trustee’s and the Agents’ reliance
      upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The Company agrees to assume all risks arising out of the use of such electronic transmission methods to
      submit instructions and directions to the Trustee and the Agents, including without limitation the risk of the Trustee and the Agents acting on unauthorized instructions, and the risk or interception and misuse by third parties.

    

    

    
      

      72

      
        

      

    

    Section 16.04          Notices to Securityholders; Waiver.  Any notice required or
        permitted to be given to Securityholders shall be sufficiently given (unless otherwise herein expressly provided), if to Holders, if given in writing by first class mail, postage prepaid, to such Holders (or the first named of joint Holders) at
        their respective addresses as the same shall appear on the Register; provided that notices to Holders of Global Securities will be provided in accordance with the procedures of the Depositary.

     

      

    Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event,
      and such waiver shall be the equivalent of such notice.  Waivers of notice by Holders shall be delivered to the Trustee, but such delivery shall not be a condition precedent to the validity of any action taken in reliance on such waiver.  In any case
      where notice to Holders is given by mail, neither the failure to mail such notice nor any defect in any notice so mailed to any particular Holder shall affect the sufficiency of such notice with respect to other Holders, and any notice that is mailed
      in the manner herein provided shall be conclusively presumed to have been duly given.  In any case where notice to Holders is given by publication, any defect in any notice so published as to any particular Holder shall not affect the sufficiency of
      such notice with respect to other Holders, and any notice that is published in the manner herein provided shall be conclusively presumed to have been duly given.

    

    

    Section 16.05          Legal Holiday.  Unless otherwise specified pursuant to Section
        3.01, in any case where any Interest Payment Date, Redemption Date or Maturity of any Security of any series shall not be a Business Day at any Place of Payment for the Securities of that series, then payment of principal and premium, if any, or
        interest need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on such Interest Payment Date, Redemption Date or Maturity and
        no interest shall accrue on such payment for the period from and after such Interest Payment Date, Redemption Date or Maturity, as the case may be, to such Business Day if such payment is made or duly provided for on such Business Day.

    

    

    Section 16.06          Judgment Currency.  To the fullest extent permitted by law, the
        obligations of the Company to any Holder under this Indenture or the Securities of any series, as the case may be, shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than U.S. Dollars, be discharged only to the
        extent that on the Business Day following receipt by such Holder or the Trustee, as the case may be, of any amount in the Judgment Currency, such Holder or the Trustee, as the case may be, may in accordance with normal banking procedures purchase
        the U.S. Dollars with the Judgment Currency. If the amount of U.S. Dollars so purchased is less than the amount originally to be paid to such Holder or the Trustee, as the case may be, in U.S. Dollars, the Company agrees, as a separate obligation
        and notwithstanding such judgment, to pay the difference, and if the amount of U.S. Dollars so purchased exceeds the amount originally to be paid to such Holder, such Holder or the Trustee, as the case may be, agrees to pay to or for the account of
        the Company such excess; provided that such Holder shall not have any obligation to pay any such excess as long as a Default by the Company in its obligations under this Indenture or such series of Securities has occurred and is continuing,
        in which case such excess may be applied by such Holder to such obligations. In the event the Trustee is required or requested to make such purchases of U.S. Dollars with the Judgment Currency, the Trustee will in good faith select a recognized
        banking institution in The City of New York through which the Trustee will purchase the U.S. Dollars with the Judgment Currency; provided that the Trustee will not be liable for any losses or shortfalls in amounts so paid as a result of the
        foreign exchange rate applied by such banking institution to such purchases of the U.S. Dollars with the Judgment Currency in accordance with normal banking procedures.

    
      

      73

      
        

      

    

    Section 16.07          Effects 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 16.08          Successors and Assigns.  All covenants and agreements in this
        Indenture by the parties hereto shall bind their respective successors and assigns and inure to the benefit of their permitted successors and assigns, whether so expressed or not.

     

      

    Section 16.09          Severability.  If any provision hereof shall be held to be
        invalid, illegal or unenforceable under applicable law, then the remaining provisions hereof shall be construed as though such invalid, illegal or unenforceable provision were not contained herein.

     

      

    Section 16.10          Benefits of Indenture.  Nothing in this Indenture expressed and
        nothing that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or to give to, any Person other than the parties hereto and their successors and the Holders of the Securities any benefit or any
        right, remedy or claim under or by reason of this Indenture or any covenant, condition, stipulation, promise or agreement hereof, and all covenants, conditions, stipulations, promises and agreements in this Indenture contained shall be for the sole
        and exclusive benefit of the parties hereto and their successors and of the Holders of the Securities.

     

      

    Section 16.11          Counterparts.  This Indenture may be executed in any number of
        counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. One signed copy is enough to prove this Indenture. The exchange of copies of this
        Indenture and of signature pages by facsimile, PDF or other electronic transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes.
        Signatures of the parties hereto transmitted by facsimile, PDF or other electronic transmission shall be deemed to be their original signatures for all purposes.

     

      

    Section 16.12          Governing Law; Waiver of Trial by Jury.  This Indenture and the
        Securities shall be deemed to be contracts made under the laws of the State of New York, and for all purposes shall be governed by and construed in accordance with the law of said State.

     

      

    EACH OF THE COMPANY AND THE TRUSTEE HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
      DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE.

    

    

    
      

      74

      
        

      

    

    Section 16.13          Submission to Jurisdiction.  The Company irrevocably and
        unconditionally submits to the non-exclusive jurisdiction of any U.S. federal or New York State court located in the Borough of Manhattan, The City of New York over any suit, action or proceeding arising out of or relating to this Indenture or the
        Securities. Service of any process, summons, notice or document by registered mail addressed to the Company’s agent, Puglisi & Associates, at the address 850 Library Avenue, Suite 204, Newark, Delaware 19711, shall be effective service of
        process against the Company for any suit, action or proceeding brought in any such court. The Company irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection to the laying of venue of any such suit,
        action or proceeding brought in any such court and any claim that any such suit, action or proceeding has been brought in an inconvenient forum. A final judgment in any such suit, action or proceeding brought in any such court shall be conclusive
        and binding upon the Company and may be enforced in any other courts to whose jurisdiction the Company is or may be subject, by suit upon judgment. The Company further agrees that nothing herein shall affect any Holder’s right to effect service of
        process in any other manner permitted by law or bring a suit action or proceeding (including a proceeding for enforcement of a judgment) in any other court or jurisdiction in accordance with applicable law.

     

      

    Section 16.14          Waiver of Immunity.  To the extent that the Company or any of
        its properties, assets or revenues may have or may hereafter become entitled to, or have attributed to each of the Company, any right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the
        giving of any relief in any such legal action, suit or proceeding, from setoff or counterclaim, from the jurisdiction of any Cayman Islands, Singapore, New York state or U.S. federal court, from service of process, from attachment upon or prior to
        judgment, from attachment in aid of execution of judgment, or from execution of judgment, or other legal process or proceeding for the giving of any relief or for the enforcement of any judgment, in any such court in which proceedings may at any
        time be commenced, with respect to the obligations and liabilities of the Company or any other matter under or arising out of or in connection with this Indenture, the Company hereby irrevocably and unconditionally waives or will waive such right
        to the extent permitted by applicable law, and agree not to plead or claim, any such immunity and consent to such relief and enforcement.

     

      

    Section 16.15          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, epidemics, nuclear or natural catastrophes or acts of God, interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, any act or provision of any present
        or future law or regulation or governmental authority, governmental action or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility; 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.

    [Signatures on following page]

    

    

    
      

      75

      
        

      

    

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

    

    

    	 	
            SEA LIMITED,

          
	 	
            as Company

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            WILMINGTON TRUST, NATIONAL ASSOCIATION,

          
	 	
            as Trustee

          
	 	 	 
	 	By:	
            

            

          
	 	 	
            Name:

          
	 	 	
            Title:

          

    

    

    
      

      
        

      

    

    
    EXHIBIT A

    

    

    FORM OF SECURITY

    

    

    FACE OF NOTE

    

    

    [For Inclusion in a Global Security only -- UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE
      INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY
      THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.]

    

    

    SEA LIMITED

    

    

    _________ Notes Due _________

    

    

    PRINCIPAL AMOUNT:  _________

    

    

    CUSIP: ___________

    

    

    ISIN: ___________

    

    

    No.: ___________

    

    

    Sea Limited, an exempted company incorporated in the Cayman Islands (the “Company,” which term includes any successor thereto under the Indenture referred to on the
      reverse hereof), for value received, hereby promises to pay to ___________, or registered assigns, the principal sum of __________________ (_____) (or such other principal amount as shall be set forth in the Schedule of Increases or Decreases in Note
      attached hereto) on _____________, or on such earlier date as the principal hereof may become due in accordance with the provisions of this Note.

    

    

    Interest Rate:  ___________.

    

    

    Interest Payment Dates:  ___________ and ___________ of each year, commencing on ___________.

    

    

    Interest Record Dates:  ___________ and ___________.

    

    

    Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes have the same effect as though fully
      set forth at this place.

    

    

    This Note shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been manually signed by the Trustee under the
      Indenture referred to on the reverse hereof.

    

    

    
      

      A-1

      
        

      

    

    IN WITNESS WHEREOF, the Company has caused this Note to be duly executed.

    

    

    	 	
            SEA LIMITED

          
	 	
            By:

          	 
	 	
            Name:

          
	 	
            Title:

          

    

    

    

    

    Dated:

    

    

    TRUSTEE’S CERTIFICATE OF AUTHENTICATION

    WILMINGTON TRUST, NATIONAL ASSOCIATION,

    as Trustee, certifies that this is one of the Notes described

    in the within-named Indenture.

    

    

    	By:	
            _______________________________

          

    Authorized Signatory

    

    

    
      

      A-2

      
        

      

    

    REVERSE OF NOTE

    

    

    SEA LIMITED

    

    

    ________ Notes Due 20___

    

    

    This Note is one of a duly authorized issue of debt securities of the Company of the series designated as the “______________” (the “Notes”), all issued or to be
      issued under and pursuant to an Indenture, dated as of ________, 20_____ (the “Base Indenture”), duly executed and delivered by and between the Company and Wilmington Trust, National Association, as trustee (the “Trustee,” which term
      includes any successor trustee)[, as supplemented by the ______ Supplemental Indenture, dated as of _________ (the “Supplemental Indenture”), duly executed and delivered by and between the Company and the Trustee]. The Base Indenture [as
      supplemented and amended by the Supplemental Indenture] is referred to herein as the “Indenture”. Capitalized terms used herein and not otherwise defined shall have the meanings given them in the Indenture.

    

    

    1. Interest.  The Company promises to pay interest on the principal amount of this Note at a rate of ___% per annum.  The Company will pay interest semi-annually on
      _________ and _________ of each year.  If a payment date is not a Business Day as defined in the Indenture at a Place of Payment, payment may be made at that place on the next succeeding day that is a Business Day, and no interest shall accrue on
      such payment for the intervening period.  Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

    

    

    2. Method of Payment.  The Company shall pay interest on the Notes (except Defaulted Interest), if any, to the Persons in whose name such Notes are registered at the
      close of business on the Record Date referred to on the face of this Note for such interest installment.  In the event that the Notes or a portion thereof are called for redemption, and the Redemption Date is subsequent to a Record Date with respect
      to any Interest Payment Date and prior to such Interest Payment Date, interest on such Notes will instead be paid upon presentation and surrender of such Notes as provided in the Indenture.  Payment of interest on the Notes shall be made, in the
      currency of the United States of America that at the time is legal tender for payment of public and private debts, at the Corporate Trust Office or, at the option of the Company, by check mailed to the address of the Person entitled thereto as such
      address shall appear in the Register or, in accordance with arrangements satisfactory to the Trustee, by wire transfer to an account designated by the Holder.

    

    

    3. Paying Agent and Registrar.  Initially, Wilmington Trust, National Association, will act as Paying Agent and Registrar.  The Company may change or appoint any
      Paying Agent or Registrar without notice to any Holder.  The Company may act in any such capacity.

    

    

    4. Indenture.  The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (“TIA”)

      as in effect on the date the Indenture is qualified.  The Notes are subject to all such terms, and Holders are referred to the Indenture and TIA for a statement of such terms.  The Notes are unsecured general obligations of the Company and constitute
      the series designated on the face of this Note as the “____________,” initially limited to US$_________ in aggregate principal amount.  The Company will furnish to any Holder upon written request and without charge a copy of the Base Indenture [and
      the Supplemental Indenture].  Requests may be made to: Sea Limited, 1 Fusionopolis Place, #17-10, Galaxis, Singapore, 138522, Attention General Counsel.

    

    

    
      

      A-3

      
        

      

    

    5. Redemption; No Sinking Fund.  The Notes are subject to optional redemption. The Company shall not be required to make mandatory redemption or sinking fund payments
      with respect to the Notes.

    

    

    6. Denominations, Transfer, Exchange.  The Notes are in registered form without coupons in the minimum denominations of US$2,000 or any integral multiple of US$1,000
      in excess thereof.  The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture.  The Notes may be presented for exchange or for registration of transfer (duly endorsed or with the form of transfer endorsed thereon
      duly executed if so required by the Company or the Registrar) at the office of the Registrar or at the office of any transfer agent designated by the Company for such purpose.  The Company need not exchange or register the transfer of any Note or
      portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part.

    

    

    7. Persons Deemed Owners.  The registered Holder may be treated as its owner for all purposes.

    

    

    8. Amendments, Supplements and Waivers.  The Indenture and the Notes may be amended or supplemented as provided in the Indenture.  Any consent or waiver by the
      Holders as provided in the Indenture shall be conclusive and binding upon such Holders and upon all future Holders and holders of any security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not
      notation of such consent or waiver is made upon the Notes.

    

    

    9. Defaults and Remedies.  The Events of Default relating to the Notes are defined in Section 7.01 of the Base Indenture.  Upon the occurrence of an Event of Default,
      the rights and obligations of the Company, the Trustee and the Holders shall be as set forth in the applicable provisions of the Indenture.

    

    

    10. No Recourse Against Others.  No recourse under or upon any obligation, covenant or agreement contained in the Indenture or the Notes, or because of any
      indebtedness evidenced thereby, shall be had against any incorporator as such, or against any past, present or future stockholder, officer, director or employee, as such, of the Company or of any successor, either directly or through the Company or
      any successor, 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.

    

    

    11. Authentication.  This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until authenticated by the manual
      signature of the Trustee.

    

    

    12. Governing Law.  The Base Indenture[, the Supplemental Indenture] and this Note shall be deemed to be contracts made under the laws of the State of New York, and
      for all purposes shall be governed by and construed in accordance with the law of said State.

    

    

    
      

      A-4

      
        

      

    

    ASSIGNMENT

    

    

    FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

    

    

    [PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE]

    

    

    
      

    

    

    

    

    
      

     

    

    [PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE]

    

    

              

    

    
      

    the within Note and all rights thereunder, hereby irrevocably constituting and appointing ____________________________________________________________ Attorney to transfer such Note on the
      books of the Company, with full power of substitution in the premises.

    

    

    Signature:

    

    

    

    

    	
            Dated:

          	 	 	 
	 	 	
            NOTICE:  The signature to this assignment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change
              whatsoever.

          

    

    

    

    

    SIGNATURE GUARANTEE

    

    

    [Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the
      Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as
      amended.]

    

    

    
      

      A-5

      
        

      

    

    SCHEDULE OF INCREASES OR DECREASES IN NOTE*

    

    

    The initial principal amount of this Note is US$___________.  The following increases or decreases in a part of this Note have been made:

    	
            
              Date

            

          	
            
              Amount of decrease in principal amount of this Note

            

          	
            
              Amount of increase in principal amount of this Note

            

          	
            
              Principal amount of this Note following such decrease (or increase)

            

          	
            
              Signature of authorized signatory of Trustee

            

          
	 	 	 	 	 

    

    

    

    

    

    * Insert in Global Notes.

    
      

      A-6

      
        

      

    

    
    EXHIBIT B

    

    

    FORM OF COMPLIANCE CERTIFICATE

    

    

    This Compliance Certificate is delivered pursuant to Section 6.07 of the Indenture, dated as of _______________, 20_____, as amended, supplemented or modified from time to
      time (the “Indenture”), between Sea Limited, an exempted company incorporated in the Cayman Islands (the “Company”) and Wilmington Trust, National Association, as trustee
      (the “Trustee”). Capitalized terms defined in the Indenture are used herein as therein defined.

    

    

    The undersigned hereby certifies to the Trustee as follows:

    

    

    	

          	1.	
            I am the duly elected, qualified and acting [title] or [title], as the case may be, of the Company.

          

    

    

    	

          	2.	
            I have reviewed and am familiar with the contents of this Compliance Certificate.

          

    

    

    	

          	3.	
            I have reviewed the terms of the Indenture.

          

    

    

    	

          	4.	
            A review has been conducted of the activities of the Company’s performance under the Indenture, in each case since the [Issue Date/date of last Compliance Certificate], and since the
              [Issue Date/date of last Compliance Certificate] the Company has been in compliance with all conditions and covenants under the Indenture]/[if there has been a default in the fulfillment of any obligation under the Indenture, specifying each
              such default and the nature and status thereof.]

          

    

    

    [Signature page follows]

    

    

    
      

      B-1

      
        

      

    

    IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate as of the date set forth below.

    

    

    	 	
            SEA LIMITED

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Title:

          
	 	 	 
	 	
            Date: _________________

          

    

    

    [Signature Page to Form of Compliance Certificate]Document

Exhibit 4.1

FORM OF PRE-FUNDED WARRANT TO PURCHASE COMMON STOCK 

Number of Shares: [            ]
(subject to adjustment)

						
	Warrant No. ___	Original Issue Date: [       ], 2021

bluebird bio, Inc., a Delaware corporation (the “Company”), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, [    ] or its registered assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company up to a total of [    ] shares of common stock, $0.01 par value per share (the “Common Stock”), of the Company (each such share, a “Warrant Share” and all such shares, the “Warrant Shares”) at an exercise price per share equal to $0.01 per share (as adjusted from time to time as provided in Section 9 herein, the “Exercise Price”), upon surrender of this Warrant to Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement hereof, the “Warrant”) at any time and from time to time on or after the date hereof (the “Original Issue Date”), subject to the following terms and conditions: 

1. Definitions. For purposes of this Warrant, the following terms shall have the following meanings: 

(a) “Affiliate” means any Person directly or indirectly controlled by, controlling or under common control with, a Holder, but only for so long as such control shall continue. For purposes of this definition, “control” (including, with correlative meanings, “controlled by”, “controlling” and “under common control with”) means, with respect to a Person, possession, direct or indirect, of (a) the power to direct or cause direction of the management and policies of such Person (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise), or (b) at least 50% of the voting securities (whether directly or pursuant to any option, warrant or other similar arrangement) or other comparable equity interests. 

(b) “Commission” means the United States Securities and Exchange Commission. 

(c) “Closing Sale Price” means, for any security as of any date, the last trade price for such security on the Principal Trading Market for such security, as reported by Bloomberg Financial Markets, or, if such Principal Trading Market begins to operate on an extended hours basis and does not designate the last trade price, then the last trade price of such security prior to 4:00 P.M., New York City time, as reported by Bloomberg Financial Markets, or if the foregoing do not apply, the last trade price of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg Financial Markets, or, if no last trade price is reported for such security by Bloomberg Financial Markets, the average of the bid and ask prices, of any market makers for such security as reported in the “pink sheets” by Pink Sheets LLC. If the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then the Board of Directors of the Company shall use its good faith judgment to determine the fair market value. The Board of Directors’ determination shall be binding upon all parties absent demonstrable error. All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during the applicable calculation period. 

(d) “Principal Trading Market” means the national securities exchange or other trading market on which the Common Stock is primarily listed on and quoted for trading, which, as of the Original Issue Date, shall be the Nasdaq Capital Market. 

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

(f) “Securities Purchase Agreement” means that certain Securities Purchase Agreement dated as of September 7, 2021.

(g) “Trading Day” means any weekday on which the Principal Trading Market is normally open for trading. 

(h) “Transfer Agent” means American Stock Transfer & Trust Company, the Company’s transfer agent and registrar for the Common Stock, and any successor appointed in such capacity. 

2. Issuance of Securities; Registration of Warrants. The Warrant, as initially issued by the Company, is offered and sold pursuant to the Securities Purchase Agreement. Accordingly, the Warrant and the Warrant Shares, are “restricted 

securities” under Rule 144 promulgated under the Securities Act. The Company shall register ownership of this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant Register”), in the name of the record Holder (which shall include the initial Holder or, as the case may be, any assignee to which this Warrant is assigned hereunder) from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary. 

3. Registration of Transfers. Subject to compliance with all applicable securities laws, the Company shall, or will cause its Transfer Agent to, register the transfer of all or any portion of this Warrant in the Warrant Register, upon surrender of this Warrant, and payment for all applicable transfer taxes (if any). Upon any such registration or transfer, a new warrant to purchase Common Stock in substantially the form of this Warrant (any such new warrant, a “New Warrant”) evidencing the portion of this Warrant so transferred shall be issued to the transferee, and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to the transferring Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance by such transferee of all of the rights and obligations in respect of the New Warrant that the Holder has in respect of this Warrant. The Company shall, or will cause its Transfer Agent to, prepare, issue and deliver at the Company’s own expense any New Warrant under this Section 3. Until due presentment for registration of transfer, the Company may treat the registered Holder hereof as the owner and holder for all purposes, and the Company shall not be affected by any notice to the contrary. 

4. Exercise and Duration of Warrants. 

(a) All or any part of this Warrant shall be exercisable by the registered Holder in any manner permitted by this Warrant at any time and from time to time on or after the Original Issue Date. 

(b) The Holder may exercise this Warrant by delivering to the Company (i) an exercise notice, in the form attached as Schedule 1 hereto (the “Exercise Notice”), completed and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares as to which this Warrant is being exercised (which may take the form of a “cashless exercise” if so indicated in the Exercise Notice pursuant to Section 10 below), and the date on which the last of such items is delivered to the Company (as determined in accordance with the notice provisions hereof) is an “Exercise Date.” The Holder shall not be required to deliver the original Warrant in order to effect an exercise hereunder. Execution and delivery of the Exercise Notice shall have the same effect as cancellation of the original Warrant and issuance of a New Warrant evidencing the right to purchase the remaining number of Warrant Shares, if any.  The aggregate exercise price of this Warrant, except for the Exercise Price, was pre-funded to the Company on or before the Original Issue Date, and consequently no additional consideration (other than the Exercise Price) shall be required by to be paid by the Holder to effect any exercise of this Warrant.  The Holder shall not be entitled to the return or refund of all, or any portion, of such pre-funded exercise price under any circumstance or for any reason whatsoever.

(c) The Company shall treat (i) the Warrants as Common Stock (and for the avoidance of doubt, not as “preferred stock” within the meaning of U.S. Treasury regulations Section 1.305-5(a)) and (ii) the exercise of all or a portion of the Warrants as a “tax nothing,” in each case, for U.S. federal, state and/or local tax purposes, as applicable, such that no gain or loss shall be recognized by the Holder upon exercise, unless an alternative treatment is required as a result of a “final determination” within the meaning of Section 1313(a) of the U.S. Internal Revenue Code of 1986, as amended.

5. Delivery of Warrant Shares. 

(a) Upon exercise of this Warrant, the Company shall promptly (but in no event later than three (3) Trading Days after the Exercise Date), upon the request of the Holder, credit such aggregate number of shares of Common Stock to which the Holder is entitled pursuant to such exercise to the Holder’s or its designee’s balance account with The Depository Trust Company (“DTC”) through its Deposit Withdrawal Agent Commission system, or if the Transfer Agent is not participating in the Fast Automated Securities Transfer Program (the “FAST Program”) or if the certificates are required to bear a legend regarding restriction on transferability, issue and dispatch by overnight courier to the address as specified in the Exercise Notice, a certificate, registered in the Company’s share register in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder is entitled pursuant to such exercise. The Holder, or any natural person or legal entity (each, a “Person”) so designated by the Holder to receive Warrant Shares, shall be deemed to have become the holder of record of such Warrant Shares as of the Exercise Date, irrespective of the date such Warrant Shares are credited to the Holder’s DTC account or the date of delivery of the certificates evidencing such Warrant Shares, as the case may be. 

(b) If by the close of the third (3rd) Trading Day after the Exercise Date, the Company fails to deliver to the Holder a certificate representing the required number of Warrant Shares in the manner required pursuant to Section 5(a) or fails to credit the Holder’s balance account with DTC for such number of Warrant Shares to which the Holder is entitled, and if 

after such third (3rd) Trading Day and prior to the receipt of such Warrant Shares, the Holder purchases (in an open market transaction or otherwise, provided such purchases shall be made in a commercially reasonable manner at prevailing market prices) shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a “Buy-In”) in order to unwind its commercially reasonable hedge position with respect to this Warrant in a commercially reasonable manner, then the Company shall, within three (3) Trading Days after the Holder’s request (1) pay in cash to the Holder an amount equal to the excess (if any) of Holder’s total purchase price (including commercially reasonable brokerage commissions, if any) for the shares of Common Stock so purchased in the Buy-In over the product of (A) the number of shares of Common Stock purchased in the Buy-In, times (B) the prevailing market price at the time of the sell order giving rise to such purchase obligation, and at Holder’s sole discretion, and (2) either (i) reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or (ii) deliver to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder.

(c) To the extent permitted by law and subject to Section 5(b), the Company’s obligations to issue and deliver Warrant Shares in accordance with and subject to the terms hereof (including the limitations set forth in Section 11 below) are absolute and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company or any violation or alleged violation of law by the Holder or any other Person, and irrespective of any other circumstance that might otherwise limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Subject to Section 5(b), nothing herein shall limit the Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates representing shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof. 

6. Charges, Taxes and Expenses. Issuance and delivery of certificates for shares of Common Stock upon exercise of this Warrant shall be made without charge to the Holder for any issue or transfer tax, transfer agent fee or other incidental tax or expense (excluding any applicable stamp duties) in respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the Company; provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the registration of Warrant Shares, any certificates therefor, or the Warrant (or any portion thereof) in a name other than that of the Holder or an Affiliate thereof. The Holder shall be responsible for all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant Shares upon exercise hereof. 

7. Replacement of Warrant. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a New Warrant, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction (in such case) and, in each case, a customary and reasonable indemnity and surety bond, if requested by the Company. Applicants for a New Warrant under such circumstances shall also comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the Company may prescribe. If a New Warrant is requested as a result of a mutilation of this Warrant, then the Holder shall deliver such mutilated Warrant to the Company as a condition precedent to the Company’s obligation to issue the New Warrant. 

8. Reservation of Warrant Shares. The Company covenants that it will, at all times while this Warrant is outstanding, reserve and keep available out of the aggregate of its authorized but unissued and otherwise unreserved Common Stock, solely for the purpose of enabling it to issue Warrant Shares upon exercise of this Warrant as herein provided, the number of Warrant Shares that are initially issuable and deliverable upon the exercise of this entire Warrant, free from preemptive rights or any other contingent purchase rights of persons other than the Holder (taking into account the adjustments and restrictions of Section 9). The Company covenants that all Warrant Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms hereof, be duly and validly authorized, issued and fully paid and non-assessable. The Company will take all such action as may be reasonably necessary to assure that such shares of Common Stock may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of any securities exchange or automated quotation system upon which the Common Stock may be listed. The Company further covenants that it will not, without the prior written consent of the Holder, take any actions to increase the par value of the Common Stock at any time while this Warrant is outstanding. 

9. Certain Adjustments. The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9. 

(a) Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding, other than in connection with a Spin Off, (i) pays a stock dividend on its Common Stock or otherwise makes a distribution on any class of capital stock issued and outstanding on the Original Issue Date and in accordance with the terms of such stock on the Original Issue Date that is payable in shares of Common Stock, (ii) subdivides its outstanding shares of Common Stock into a larger number of shares of Common Stock, (iii) combines its outstanding shares of Common Stock into a smaller number of shares of Common Stock or (iv) issues by reclassification of shares of capital stock any additional shares of Common Stock of the Company, then in each such case the Exercise Price shall be multiplied by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately before such event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to clause (i) of this paragraph shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution, provided, however, that if such record date shall have been fixed and such dividend is not fully paid on the date fixed therefor, the Exercise Price shall be recomputed accordingly as of the close of business on such record date and thereafter the Exercise Price shall be adjusted pursuant to this paragraph as of the time of actual payment of such dividends. Any adjustment pursuant to clause (ii) or (iii) of this paragraph shall become effective immediately after the effective date of such subdivision or combination. 

(b) Pro Rata Distributions. If the Company, at any time while this Warrant is outstanding, other than in connection with a Spin Off or any distribution of Common Stock covered by the preceding paragraph, distributes to all holders of Common Stock for no consideration (i) evidences of its indebtedness, (ii) any security  or (iii) rights or warrants to subscribe for or purchase any security, or (iv) cash or any other asset (in each case, “Distributed Property”), then, upon any exercise of this Warrant that occurs after the record date fixed for determination of stockholders entitled to receive such distribution, the Holder shall be entitled to receive, in addition to the Warrant Shares otherwise issuable upon such exercise (if applicable), the Distributed Property that such Holder would have been entitled to receive in respect of such number of Warrant Shares had the Holder been the record holder of such Warrant Shares immediately prior to such record date without regard to any limitation on exercise contained therein. 

(c) Fundamental Transactions. If, at any time while this Warrant is outstanding (i) the Company effects any merger or consolidation of the Company with or into another Person, in which the Company is not the surviving entity and in which the stockholders of the Company immediately prior to such merger or consolidation do not own, directly or indirectly, at least 50% of the voting power of the surviving entity immediately after such merger or consolidation, (ii) the Company effects any sale to another Person of all or substantially all of its assets in one transaction or a series of related transactions, (iii) pursuant to any tender offer or exchange offer (whether by the Company or another Person), holders of capital stock tender shares representing more than 50% of the voting power of the capital stock of the Company and the Company or such other Person, as applicable, accepts such tender for payment, (iv) the Company consummates a stock purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person whereby such other Person acquires more than the 50% of the voting power of the capital stock of the Company (except for any such transaction in which the stockholders of the Company immediately prior to such transaction maintain, in substantially the same proportions, the voting power of such Person immediately after the transaction) or (v) the Company effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities, cash or property (other than as a result of a subdivision or combination of shares of Common Stock covered by Section 9(a) above) (in any such case, a “Fundamental Transaction”), then upon such Fundamental Transaction the Holder shall have the right to receive, upon exercise of this Warrant, the same amount and kind of securities, cash or property as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of the number of Warrant Shares then issuable upon exercise in full of this Warrant without regard to any limitations on exercise contained herein. In the event the Holder does not exercise this Warrant as contemplated by the foregoing sentence, this Warrant shall be deemed exercised in full without regard to any limitations on exercise contained herein pursuant to the “cashless exercise” provision in Section 10 hereof upon the effective date of the consummation of such Fundamental Transaction, provided that upon such deemed exercise, the Holder will not own more than five percent (5%) of the capital stock of such other Person. The provisions of this paragraph (c) shall similarly apply to subsequent transactions analogous of a Fundamental Transaction type.

(d) Spin Off Transactions.  If the Company, at any time while this Warrant is outstanding, makes any dividend or distribution to holders of Common Stock of equity securities of a Company subsidiary, including without limitation the distribution to holders of Common Stock of equity securities of 2seventy bio, Inc. (a “Spin Off” and any such subsidiary company, “Spinco”), following which such Spinco shall be a publicly traded company, then, in lieu of any other adjustment hereunder, the Company shall cause Spinco to issue the Holder of this Warrant a new Warrant for that number of shares of Spinco stock that the Holder would have been entitled to receive in connection with the Spin Off had the unexercised portion of this Warrant at the effective time of such Spin Off been fully exercised, without regard to any limitation on exercise contained herein, at the effective time of such Spin Off, such warrant to have the same terms and conditions as this Warrant, including the limitations on exercise contained herein, provided that the exercise price of such 

Spinco warrant shall be adjusted to a number determined by dividing the Exercise Price of this Warrant by the Spinco Conversion Fraction (defined below), provided further that in no event shall such exercise priced be adjusted to a price that is lower than the par value per share of the Spinco stock issuable upon exercise of such Spinco warrant.  For purposes hereof, the Spinco Conversion Fraction shall mean a fraction equal to: (i)  the official “regular way” closing price of the Company’s Common Stock on the securities exchange on which such shares are then listed on the trading day immediately preceding the effective date of the Spin Off, divided by (ii) the official “regular way” first trading price of Spinco common stock on the securities exchange on which such shares are then listed on the first trading day immediately following the effective date of the Spin Off.  For purposes hereof, the “effective date” of the Spin Off shall mean the date on which the distribution of Spinco common shares to holders of Company Common Stock occurs and the “effective time” of the Spin Off shall mean the time at which the distribution of Spinco common shares to holders of Company Common Stock occurs.  For the sake of clarity and notwithstanding anything to the contrary there shall be no adjustment to the Exercise Price of this Warrant in connection with such Spin Off

(e) Number of Warrant Shares. Simultaneously with any adjustment to the Exercise Price pursuant to Section 9, the number of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that after such adjustment the aggregate Exercise Price payable hereunder for the increased or decreased number of Warrant Shares shall be the same as the aggregate Exercise Price in effect immediately prior to such adjustment. 

(f) Calculations. All calculations under this Section 9 shall be made to the nearest one-tenth of one cent or the nearest share, as applicable. 

(g) Notice of Adjustments. Upon the occurrence of each adjustment pursuant to this Section 9, the Company at its expense will, at the written request of the Holder, promptly compute such adjustment, in good faith, in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment, including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other securities issuable upon exercise of this Warrant (as applicable), describing the transactions giving rise to such adjustments and showing in detail the facts upon which such adjustment is based. Upon written request, the Company will promptly deliver a copy of each such certificate to the Holder and to the Company’s transfer agent. 

(h) Notice of Corporate Events. If, while this Warrant is outstanding, the Company (i) declares a dividend or any other distribution of cash, securities or other property in respect of its Common Stock, including, without limitation, any granting of rights or warrants to subscribe for or purchase any capital stock of the Company or any subsidiary, (ii) authorizes or approves, enters into any agreement contemplating or solicits stockholder approval for any Fundamental Transaction or (iii) authorizes the voluntary dissolution, liquidation or winding up of the affairs of the Company, then, except if such notice and the contents thereof shall be deemed to constitute material non-public information, the Company shall deliver to the Holder a notice of such transaction at least ten (10) days prior to the applicable record or effective date on which a Person would need to hold Common Stock in order to participate in or vote with respect to such transaction; provided, however, that the failure to deliver such notice or any defect therein shall not affect the validity of the corporate action required to be described in such notice. In the event such notice and the contents thereof shall be deemed to constitute material non-public information, the Company shall (on the same time frame set forth in the immediately prior sentence) offer the Holder the ability to sign a confidentiality agreement related thereto sufficient to allow the Holder to receive such notice, and the Company shall deliver such notice immediately upon execution of such confidentiality agreement. In addition, if while this Warrant is outstanding, the Company authorizes or approves, enters into any agreement contemplating or solicits stockholder approval for any Fundamental Transaction contemplated by Section 9(c), other than a Fundamental Transaction under clause (iii) of Section 9(c), the Company shall deliver to the Holder a notice of such Fundamental Transaction at least thirty (30) days prior to the date such Fundamental Transaction is consummated. Holder agrees to maintain any information disclosed pursuant to this Section 9(g) in confidence until such information is publicly available, and shall comply with applicable law with respect to trading in the Company’s securities following receipt any such information. 

10. Payment of Exercise Price. Notwithstanding anything contained herein to the contrary, the Holder may, in its sole discretion, satisfy its obligation to pay the Exercise Price through a “cashless exercise”, in which event the Company shall issue to the Holder the number of Warrant Shares in an exchange of securities effected pursuant to Section 3(a)(9) of the Securities Act, as determined as follows: 

X = Y [(A-B)/A]

where: 

“X” equals the number of Warrant Shares to be issued to the Holder; 

“Y” equals the total number of Warrant Shares with respect to which this Warrant is then being exercised; 

“A” equals the Closing Sale Price of the shares of Common Stock (as reported by Bloomberg Financial Markets) on the Trading Day immediately preceding the Exercise Date; and 

“B” equals the Exercise Price then in effect for the applicable Warrant Shares at the time of such exercise. 

For purposes of Rule 144 promulgated under the Securities Act, it is intended, understood and acknowledged that the Warrant Shares issued in a “cashless exercise” transaction shall be deemed to have been acquired by the Holder, and the holding period for the Warrant Shares shall be deemed to have commenced, on the date this Warrant was originally issued (provided that the Commission continues to take the position that such treatment is proper at the time of such exercise). In the event that a registration statement registering the issuance of Warrant Shares is, for any reason, not effective at the time of exercise of this Warrant, then the Warrant may only be exercised through a cashless exercise, as set forth in this Section 10. Except as set forth in Section 5(b) (Buy-In remedy), Section 9(b) (Pro Rata Distributions), Section 9(c) (Fundamental Transactions) and Section 12 (payment of cash in lieu of fractional shares), in no event will the exercise of this Warrant be settled in cash. 

11. Limitations on Exercise. 

(a) Notwithstanding anything to the contrary contained herein, the Company shall not effect any exercise of this Warrant, and the Holder shall not be entitled to exercise this Warrant for a number of Warrant Shares in excess of that number of Warrant Shares which, upon giving effect or immediately prior to such exercise, would cause (i) the aggregate number of shares of Common Stock beneficially owned by the Holder, its Affiliates and any other Persons who are members of a Section 13(d) group with such Holder or its Affiliates to exceed 4.99% (the “Maximum Percentage”) of the total number of issued and outstanding shares of Common Stock of the Company following such exercise, or (ii) the combined voting power of the securities of the Company beneficially owned by the Holder and its Affiliates and any other Persons who are members of a Section 13(d) group with such Holder or its Affiliates to exceed the Maximum Percentage of the combined voting power of all of the securities of the Company then outstanding following such exercise. For purposes of this paragraph, beneficial ownership and whether a holder is a member of a Section 13(d) group shall be calculated and determined in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder. For purposes of this Warrant, in determining the number of outstanding shares of Common Stock, the Holder may rely on the number of outstanding shares of Common Stock as reflected in (x) the Company’s most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K, as the case may be, filed with the Commission prior to the date hereof, (y) a more recent public announcement by the Company or (z) any other notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written request of the Holder, the Company shall within three (3) Trading Days confirm in writing or by electronic mail to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder since the date as of which such number of outstanding shares of Common Stock was reported. By written notice to the Company, the Holder may from time to time increase or decrease the Maximum Percentage to any other percentage specified in such notice not in excess of 19.99% of the total number of issued and outstanding shares of Common Stock of the Company following such exercise; provided that any such increase will not be effective until the sixty-first (61st) day after such notice is delivered to the Company. For purposes of this Section 11(a), the aggregate number of shares of Common Stock or voting securities beneficially owned by the Holder and its Affiliates and any other Persons who are members of a Section 13(d) group with such Holder or its Affiliates shall include the shares of Common Stock issuable upon the exercise of this Warrant with respect to which such determination is being made plus the remaining unexercised and non-cancelled portion of this Warrant but taking into account the limitations on exercise contained herein, but shall exclude (x) the number of shares of Common Stock which would otherwise be issuable upon exercise of the remaining unexercised and non-cancelled portion of this Warrant but for the limitations on exercise contained herein and (y) the exercise or conversion of the unexercised, non-converted or non-cancelled portion of any other securities of the Company that do not have voting power (including without limitation any securities of the Company which would entitle the holder thereof to acquire at any time Common Stock, including without limitation any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock), and is subject to any further limitation on conversion or exercise analogous to the limitation contained herein.

(b) This Section 11 shall not restrict the number of shares of Common Stock which a Holder may receive or beneficially own in order to determine the amount of securities or other consideration that such Holder may receive in the event of a Fundamental Transaction as contemplated in Section 9(c) of this Warrant. 

12. No Fractional Shares. No fractional Warrant Shares will be issued in connection with any exercise of this Warrant. In lieu of any fractional shares that would otherwise be issuable, the number of Warrant Shares to be issued shall be rounded down to the next whole number and the Company shall pay the Holder in cash the fair market value (based on the Closing Sale Price) for any such fractional shares. 

13. Notices. Any and all notices or other communications or deliveries hereunder (including, without limitation, any Exercise Notice) shall be in writing and shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile or confirmed e-mail at the facsimile number or e-mail address specified in the books and records of the Transfer Agent prior to 5:30 P.M., New York City time, on a Trading Day, (ii) the next Trading Day after the date of transmission, if such notice or communication is delivered via facsimile or confirmed e-mail at the facsimile number or e-mail address specified in the books and records of the Transfer Agent on a day that is not a Trading Day or later than 5:30 P.M., New York City time, on any Trading Day, (iii) the Trading Day following the date of mailing, if sent by nationally recognized overnight courier service specifying next business day delivery, or (iv) upon actual receipt by the Person to whom such notice is required to be given, if by hand delivery. 

14. Warrant Agent. The Company shall initially serve as warrant agent under this Warrant. Upon thirty (30) days’ notice to the Holder, the Company may appoint a new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or any corporation resulting from any consolidation to which the Company or any new warrant agent shall be a party or any corporation to which the Company or any new warrant agent transfers substantially all of its corporate trust or shareholders services business shall be a successor warrant agent under this Warrant without any further act. Any such successor warrant agent shall promptly cause notice of its succession as warrant agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder’s last address as shown on the Warrant Register. 

15. Miscellaneous. 

(a) No Rights as a Stockholder. The Holder, solely in such Person’s capacity as a holder of this Warrant, shall not be entitled to vote or receive dividends or be deemed the holder of share capital of the Company for any purpose, nor shall anything contained in this Warrant be construed to confer upon the Holder, solely in such Person’s capacity as the Holder of this Warrant, any of the rights of a stockholder of the Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue of stock, reclassification of stock, consolidation, merger, amalgamation, conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights, or otherwise, prior to the issuance to the Holder of the Warrant Shares which such Person is then entitled to receive upon the due exercise of this Warrant. In addition, nothing contained in this Warrant shall be construed as imposing any liabilities on the Holder to purchase any securities (upon exercise of this Warrant or otherwise) or as a stockholder of the Company, whether such liabilities are asserted by the Company or by creditors of the Company. 

(b) Authorized Shares. (i) Except and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending its certificate or articles of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the generality of the foregoing, the Company will (a) not increase the par value of any Warrant Shares above the amount payable therefor upon such exercise immediately prior to such increase in par value, (b) take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable Warrant Shares upon the exercise of this Warrant, and (c) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof as may be necessary to enable the Company to perform its obligations under this Warrant. 

(ii) Before taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any public regulatory body or bodies having jurisdiction thereof. 

(c) Successors and Assigns. Subject to compliance with applicable securities laws, this Warrant may be assigned by the Holder. This Warrant may not be assigned by the Company without the written consent of the Holder, except to a successor in the event of a Fundamental Transaction. This Warrant shall be binding on and inure to the benefit of the Company and the Holder and their respective successors and assigns. Subject to the preceding sentence, nothing in this Warrant shall be construed to give to any Person other than the Company and the Holder any legal or equitable right, remedy or cause of action under this Warrant. This Warrant may be amended only in writing signed by the Company and the Holder, or their successors and assigns. 

(d) Amendment and Waiver. Except as otherwise provided herein, the provisions of the Warrants may be amended and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company has obtained the written consent of the Holder. 

(e) Acceptance. Receipt of this Warrant by the Holder shall constitute acceptance of and agreement to all of the terms and conditions contained herein. 

(f) Governing Law; Jurisdiction. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF. EACH OF THE COMPANY AND THE HOLDER HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS SITTING IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN, FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR WITH ANY TRANSACTION CONTEMPLATED HEREBY OR DISCUSSED HEREIN (INCLUDING WITH RESPECT TO THE ENFORCEMENT OF ANY OF THE TRANSACTION DOCUMENTS), AND HEREBY IRREVOCABLY WAIVES, AND AGREES NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING, ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF ANY SUCH COURT. EACH OF THE COMPANY AND THE HOLDER HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH SUIT, ACTION OR PROCEEDING BY MAILING A COPY THEREOF VIA REGISTERED OR CERTIFIED MAIL OR OVERNIGHT DELIVERY (WITH EVIDENCE OF DELIVERY) TO SUCH PERSON AT THE ADDRESS IN EFFECT FOR NOTICES TO IT AND AGREES THAT SUCH SERVICE SHALL CONSTITUTE GOOD AND SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF. NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW. EACH OF THE COMPANY AND THE HOLDER HEREBY WAIVES ALL RIGHTS TO A TRIAL BY JURY. 

(g) Headings. The headings herein are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect any of the provisions hereof. 

(h) Severability. In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby, and the Company and the Holder will attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Warrant. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its authorized officer as of the date first indicated above. 
												
				
		BLUEBIRD BIO, INC.
			
		By:		
		Name:		Chip Baird
		Title:		Chief Financial Officer

SCHEDULE 1 

FORM OF EXERCISE NOTICE 

[To be executed by the Holder to purchase shares of Common Stock under the Warrant] 

Ladies and Gentlemen: 

(1) The undersigned is the Holder of Warrant No. __ (the “Warrant”) issued by bluebird bio, Inc. , a Delaware corporation (the “Company”). Capitalized terms used herein and not otherwise defined herein have the respective meanings set forth in the Warrant. 

(2) The undersigned hereby exercises its right to purchase Warrant Shares pursuant to the Warrant. 

(3) The Holder intends that payment of the Exercise Price shall be made as (check one): 
										
		☐	Cash Exercise	

										
		☐	"Cashless Exercise" under Section 10 of the Warrant	

(4) If the Holder has elected a Cash Exercise, the Holder shall pay the sum of $             in immediately available funds to the Company in accordance with the terms of the Warrant. 

(5) Pursuant to this Exercise Notice, the Company shall deliver to the Holder Warrant Shares determined in accordance with the terms of the Warrant. 

(6) By its delivery of this Exercise Notice, the undersigned represents and warrants to the Company that in giving effect to the exercise evidenced hereby the Holder will not beneficially own in excess of the number of shares of Common Stock (as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended) permitted to be owned under Section 11(a) of the Warrant to which this notice relates. 
									
			
	Dated:		
		
	Name of Holder:		
		
	By:		
	Name:		
	Title:		

(Signature must conform in all respects to  name of Holder as specified on the face of the Warrant)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]