Document:

Indenture, dated as of April 12, 2001

 Exhibit 4.1 

 
  

 
 CITIGROUP INC. 

and 
 BANK ONE
TRUST COMPANY, N.A. 
 Trustee 
  

 
 Indenture

 Dated as of April 12, 2001 
  

 
 Providing for
the Issuance of Subordinated Debt Securities 
  
  

 

 This Cross Reference Sheet, showing the location in the Indenture of the provisions inserted
pursuant to Section 310-318(a), inclusive, of the Trust Indenture Act of 1939, as amended, is not to be considered a part of the Indenture. 
 TRUST INDENTURE ACT CROSS-REFERENCE SHEET 
  

							
	 Sections of Trust Indenture Act
	 	 Sections of Indenture

		  	310(a)(1)	 		  	10.05
		  	310(a)(2)	 		  	10.05
		  	310(a)(3)	 		  	Not applicable
		  	310(a)(4)	 		  	Not applicable
		  	310(a)(5)	 		  	10.05
		  	310(b)	 		  	10.06
		  	310(c)	 		  	Not applicable
		  	311	 		  	10.09
		  	312	 		  	9.03
		  	313	 		  	9.01
		  	314(a)	 		  	5.06 and 9.02
		  	314(b)	 		  	Not applicable
		  	314(c)	 		  	15.03
		  	314(d)	 		  	Not applicable
		  	314(e)	 		  	15.03
		  	315(a)	 		  	10.02
		  	315(b)	 		  	10.03
		  	315(c)	 		  	10.02
		  	315(d)	 		  	10.02
		  	315(e)	 		  	6.08
		  	316(a)	 		  	6.06 and 7.03
		  	316(b)	 		  	6.07
		  	316(c)	 		  	13.02
		  	317(a)	 		  	6.03 and 6.04
		  	317(b)	 		  	5.03
		  	318(a)	 		  	15.05

  
 i 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 PARTIES
	  	 	1	  
		
	 RECITALS
	  	 	1	  
	
	 ARTICLE ONE
 DEFINITIONS
	   

  

	SECTION 1.01.	 	 Definitions
	  	 	1	  
		 	 Affiliate
	  	 	1	  
		 	 Authorized Newspaper
	  	 	2	  
		 	 Bearer Security
	  	 	2	  
		 	 Board Resolution
	  	 	2	  
		 	 Business day
	  	 	2	  
		 	 Clearstream Banking
	  	 	2	  
		 	 Company
	  	 	2	  
		 	 Coupon
	  	 	2	  
		 	 Covenant Defeasance
	  	 	2	  
		 	 Default
	  	 	2	  
		 	 Defeasance
	  	 	2	  
		 	 Depositary
	  	 	2	  
		 	 Euroclear
	  	 	2	  
		 	 Event of Default
	  	 	3	  
		 	 Global Security
	  	 	3	  
		 	 Indebtedness
	  	 	3	  
		 	 Indenture
	  	 	3	  
		 	 Interest
	  	 	3	  
		 	 Interest Payment Date
	  	 	3	  
		 	 Junior Subordinated Debt
	  	 	3	  
		 	 Junior Subordinated Debt Indenture
	  	 	3	  
		 	 Mandatory Sinking Fund Payment
	  	 	3	  
		 	 Maturity
	  	 	3	  
		 	 Officers’ Certificate
	  	 	3	  
		 	 Opinion of Counsel
	  	 	4	  
		 	 Optional Sinking Fund Payment
	  	 	4	  
		 	 Original Issue Discount Security
	  	 	4	  
		 	 Outstanding
	  	 	4	  
		 	 Person
	  	 	4	  
		 	 Possessions
	  	 	4	  
		 	 Principal Office of the Trustee
	  	 	4	  
		 	 Record Date
	  	 	5	  
		 	 Redemption Date
	  	 	5	  
		 	 Redemption Price
	  	 	5	  
		 	 Registered Security
	  	 	5	  
		 	 Responsible Officers
	  	 	5	  
		 	 Security
	  	 	5	  
		 	 Securityholder, Holder of Securities; Holder
	  	 	5	  
		 	 Senior Indebtedness
	  	 	5	  
		 	 Stated Maturity
	  	 	6	  
		 	 Subsidiary
	  	 	6	  
		 	 Trustee
	  	 	6	  
		 	 Trust Indenture Act of 1939
	  	 	6	  
		 	Trust Preferred Securities Guarantees	  	 	6	  
		 	U.S. Government Obligations	  	 	6	  

  
 ii 

							
	 	 	 	  	Page	 
			
	SECTION 1.02	 	 Notice to Holders of Securities; Waiver
	  	 	6	  
	SECTION 1.03	 	 Language of Notices, Etc
	  	 	7	  
	
	 ARTICLE TWO
 FORM, EXECUTION, DELIVERY, TRANSFER AND EXCHANGE OF SECURITIES
	   

  

			
	SECTION 2.01.	 	 Forms Generally; Record Dates; Place of Payment; Denominations
	  	 	7	  
	SECTION 2.02.	 	 Amount; Terms of Securities
	  	 	8	  
	SECTION 2.03.	 	 Certificate of Authentication Validates Securities
	  	 	10	  
	SECTION 2.04.	 	 Form of Certificate of Authentication
	  	 	10	  
	SECTION 2.05	 	 Maintenance of Register at New York Office; Transfer of Securities; Exchange of Securities; Persons Deemed Owners
	  	 	11	  
	SECTION 2.06.	 	 Mutilated, Destroyed, Lost or Stolen Securities
	  	 	13	  
	SECTION 2.07.	 	 Rights Regarding Exchanged or Substituted Securities
	  	 	14	  
	SECTION 2.08	 	 Temporary Securities
	  	 	14	  
	SECTION 2.09.	 	 Transfer and Exchange of Global Securities
	  	 	15	  
	
	 ARTICLE THREE
 ISSUE OF SECURITIES
	   

  

	SECTION 3.01.	 	 Authentication, Delivery and Dating
	  	 	16	  
	
	 ARTICLE FOUR
 REDEMPTION OF SECURITIES; SINKING FUND
	   

  

	SECTION 4.01.	 	 Rights of Redemption
	  	 	17	  
	SECTION 4.02.	 	 Notices of Redemption
	  	 	18	  
	SECTION 4.03.	 	 Applicability of Sinking Fund
	  	 	19	  
	SECTION 4.04.	 	 Mandatory Sinking Fund Obligation
	  	 	19	  
	SECTION 4.05.	 	 Optional Redemption At Sinking Fund Redemption Fund Price
	  	 	19	  
	SECTION 4.06.	 	 Application of Sinking Fund Payments
	  	 	20	  
	
	 ARTICLE FIVE
 COVENANTS OF THE COMPANY
	   

  

	SECTION 5.01.	 	 Payment of Principal, Premium and Interest
	  	 	20	  
	SECTION 5.02.	 	 Maintenance of Office or Agency
	  	 	21	  
	SECTION 5.03.	 	 Money for Security Payments to Be Held in Trust
	  	 	21	  
	SECTION 5.04.	 	 Statement as to Compliance
	  	 	22	  
	
	 ARTICLE SIX
 REMEDIES OF TRUSTEE AND SECURITYHOLDERS
	   

  

	SECTION 6.01.	 	 Events of Default
	  	 	23	  
	SECTION 6.02.	 	 Acceleration of Maturity
	  	 	23	  
	SECTION 6.03.	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	24	  
	SECTION 6.04.	 	 Trustee to File Claims As Attorney-In-Fact
	  	 	24	  
	SECTION 6.05.	 	 Application of Money Collected
	  	 	25	  
	SECTION 6.06.	 	 Control by Holders; Waiver of Past Default
	  	 	25	  
	SECTION 6.07.	 	 Limitation on Suits; Default
	  	 	26	  
	SECTION 6.08.	 	 Costs and Attorneys’ Fees in Legal Proceedings
	  	 	27	  
	SECTION 6.09.	 	 Remedies Cumulative
	  	 	27	  
	SECTION 6.10.	 	 Waiver of Stay or Extension Laws
	  	 	27	  

  
 iii

							
	 	 	 	  	Page	 
	
	 ARTICLE SEVEN
 CONCERNING THE SECURITYHOLDERS
	   

  

	SECTION 7.01.	 	 Acts of Holders
	  	 	27	  
	SECTION 7.02.	 	 Proof of Execution of Instrument and Holding of Securities
	  	 	28	  
	SECTION 7.03.	 	 Securities Owned by Company or Other Obligor
	  	 	28	  
	SECTION 7.04.	 	 Revocation by Holders of Consents to Action
	  	 	29	  
	
	 ARTICLE EIGHT
 SECURITYHOLDERS’ MEETINGS
	   

  

	SECTION 8.01.	 	 Purposes of Meetings
	  	 	29	  
	SECTION 8.02.	 	 Call of Meetings by Trustee
	  	 	29	  
	SECTION 8.03.	 	 Call of Meetings by Company or Holders
	  	 	29	  
	SECTION 8.04.	 	 Qualifications for Voting
	  	 	29	  
	SECTION 8.05.	 	 Regulations for Meeting
	  	 	30	  
	SECTION 8.06.	 	 Voting
	  	 	30	  
	SECTION 8.07.	 	 No Delay of Rights by Meeting
	  	 	30	  
	
	 ARTICLE NINE
 REPORTS BY THE COMPANY AND THE TRUSTEE
 AND SECURITYHOLDERS LISTS
	   

  
   

	SECTION 9.01.	 	 Reports by Trustee
	  	 	31	  
	SECTION 9.02.	 	 Reports by Company
	  	 	31	  
	SECTION 9.03.	 	 Securityholders List
	  	 	32	  
	
	 ARTICLE TEN
 CONCERNING THE TRUSTEE
	   

  

	SECTION 10.01.	 	 Acceptance of Trusts Upon Specified Conditions
	  	 	33	  
	SECTION 10.02.	 	 Duties of Trustee in Case of Default
	  	 	34	  
	SECTION 10.03.	 	 Notice of Default
	  	 	35	  
	SECTION 10.04.	 	 Resignation of Trustee
	  	 	35	  
	SECTION 10.05.	 	 Qualifications of Trustee
	  	 	36	  
	SECTION 10.06.	 	 Disqualification of Trustee
	  	 	36	  
	SECTION 10.07.	 	 Appointment of Trustee
	  	 	36	  
	SECTION 10.08.	 	 Merger, Conversion or Consolidation of Trustee; Successor Trustee
	  	 	37	  
	SECTION 10.09.	 	 Trustee as Creditor of Company
	  	 	37	  
	SECTION 10.10.	 	 Trustee May Rely on Officer’s Certificate
	  	 	38	  
		
	 ARTICLE ELEVEN
 SATISFACTION AND DISCHARGE; DEFEASANCE
	  			
	SECTION 11.01.	 	 Satisfaction and Discharge of Indenture
	  	 	38	  
	SECTION 11.02.	 	 Defeasance and Discharge
	  	 	39	  
	SECTION 11.03.	 	 Covenant Defeasance
	  	 	39	  
	SECTION 11.04.	 	 Conditions to Defeasance or Covenant Defeasance
	  	 	40	  
	SECTION 11.05.	 	 Application of Trust Money
	  	 	40	  
	SECTION 11.06.	 	 Indemnity for U.S. Government Obligations
	  	 	40	  
	SECTION 11.07.	 	 Deposits of Non-U.S. Currencies
	  	 	41	  
		
	 ARTICLE TWELVE
 IMMUNITY OF INCORPORATORS, STOCKHOLDERS,
 OFFICERS AND DIRECTORS
	  			
	SECTION 12.01.	 	 Liability Solely Corporate
	  	 	41	  

  
 iv 

							
	 	 	 	  	Page	 
	
	 ARTICLE THIRTEEN
 SUPPLEMENTAL INDENTURES
	   

  

	SECTION 13.01.	 	 Supplemental Indentures Without Consent of Holders
	  	 	41	  
	SECTION 13.02.	 	 Supplemental Indentures With Consent of Holders
	  	 	42	  
	SECTION 13.03.	 	 Execution of Supplemental Indenture
	  	 	43	  
	SECTION 13.04.	 	 Effect of Supplemental Indenture
	  	 	43	  
	SECTION 13.05.	 	 Reference in Securities to Supplemental Indenture
	  	 	44	  
	SECTION 13.06.	 	 Conformity With Trust Indenture Act
	  	 	44	  
	
	 ARTICLE FOURTEEN
 SUBORDINATION OF SECURITIES
	   

  

	SECTION 14.01.	 	 Securities Subordinate to Senior Indebtedness
	  	 	44	  
	SECTION 14.02.	 	 Reliance On Certificate of Liquidating Agent; Further Evidence of Ownership of Senior Indebtedness
	  	 	46	  
	SECTION 14.03.	 	 Payment Permitted If No Default
	  	 	46	  
	SECTION 14.04.	 	 Trustee Not Charged With Knowledge of Certain Facts
	  	 	46	  
	SECTION 14.05.	 	 Trustee to Effectuate Subordination
	  	 	47	  
	SECTION 14.06.	 	 Trustee’s Rights Regarding Senior Indebtedness
	  	 	47	  
	SECTION 14.07.	 	 Articles Applicable to Paying Agent
	  	 	47	  
	
	 ARTICLE FIFTEEN
 MISCELLANEOUS PROVISIONS
	   

  

	SECTION 15.01.	 	 Consolidation, Merger, Sale or Lease
	  	 	47	  
	SECTION 15.02.	 	 Rights Under Indenture Limited to Parties thereto and Holders
	  	 	48	  
	SECTION 15.03.	 	 Evidence of Compliance With Conditions Precedent
	  	 	48	  
	SECTION 15.04.	 	 Cancellation of Securities
	  	 	48	  
	SECTION 15.05.	 	 Conflict with Trust Indenture Act
	  	 	49	  
	SECTION 15.06.	 	 Acts of Board Committees
	  	 	49	  
	SECTION 15.07.	 	 Notices
	  	 	49	  
	SECTION 15.08.	 	 Payments Due on Non-Business Days
	  	 	49	  
	SECTION 15.09.	 	 Counterparts
	  	 	49	  
	SECTION 15.10.	 	 Governing Law
	  	 	49	  
	SECTION 15.11.	 	 Separability Clause
	  	 	49	  
	SECTION 15.12.	 	 Legend
	  	 	49	  

  
 v 

 INDENTURE dated as of April 12, 2001, between CITIGROUP INC., a corporation organized
and existing under the laws of the State of Delaware (hereinafter called the “Company”) and BANK ONE TRUST COMPANY, N.A., a national banking association, as trustee (hereinafter called the “Trustee”), 

W I T N E S S E T H: 
 WHEREAS, the Company is authorized and empowered to borrow money for its corporate purposes and to issue its bonds, debentures, notes and other obligations for money so borrowed; 

WHEREAS, the Company has duly authorized the issue, in one or more series as in this Indenture provided, from time to time of its debt
securities (hereinafter called the “Securities”) and, to provide the general terms and conditions upon which the Securities are to be authenticated, issued and delivered, the Company has duly authorized the execution and delivery of this
Indenture; 
 WHEREAS, the Trustee has power to enter into this Indenture and to accept and execute the trusts herein created;

 WHEREAS, the Company represents that all acts and things necessary to make the Securities, when executed by the Company and
authenticated and delivered by the Trustee as in this Indenture provided, and issued, the valid, binding and legal obligations of the Company, will, at the time of such execution, authentication and delivery, have been done and performed, that all
acts and things necessary to constitute these presents a valid indenture and agreement according to its terms, have been done and performed, that the execution of this Indenture has in all respects been duly authorized and that the issue hereunder
of the Securities will, at the time of the issue thereof, have in all respects been duly authorized, and the Company, in the exercise of each and every legal right and power in it vested, executes this Indenture and proposes to make, execute, issue
and deliver the Securities; 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

That, in consideration of the premises and of the acceptance and purchase of the Securities by the Holders thereof the Company covenants
and agrees with the Trustee, for the equal benefit of all the Holders from time to time of the Securities, without preference, priority or distinction of any thereof over any other thereof by reason of priority in time of issuance or negotiation, or
otherwise, as follows: 
 ARTICLE ONE 
 DEFINITIONS 
 SECTION 1.01. Definitions. 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 of 1939. Unless the context otherwise requires, the terms defined in this Section 1.01 shall for all
purposes of this Indenture and of any indenture supplemental hereto 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: 

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

 Authorized Newspaper: 

The term “Authorized Newspaper” means a newspaper, in an official language of the country of publication or in the English
language, customarily published on each business day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the place in connection with which the term is used or in the financial community of such place.

 Bearer Security: 
 The term “Bearer Security” means any Security in the form established pursuant to Section 2.01 which is payable to the bearer, including, without limitation, unless the context otherwise
indicates, a Security in global bearer form. 
 Board Resolution: 

The term “Board Resolution” means a copy of a resolution or resolutions certified by the Secretary or an Assistant Secretary of
the Company to have been duly adopted by the Board of Directors (or by the Funding Committee of the Board of Directors or any other committee of the Board of Directors or committee of officers or other representatives of the Company, to the extent
that any such other committee or committees have been authorized by the Board of Directors to establish or approve the matters contemplated by Section 2.02 or 4.02 hereof) and to be in full force and effect on the date of such certification,
and delivered to the Trustee. 
 Business day: 
 The term “business day,” when used with respect to any place of payment or any other particular location referred to in this Indenture or in the Securities, means each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions in that place of payment or other location are authorized or obligated by law to close. 
 Clearstream Banking: 
 The term “Clearstream Banking” shall mean
Clearstream Banking, société anonyme, and its successors. 
 Company: 

The term “Company” shall mean Citigroup Inc. and, subject to the provisions of Section 15.01, shall also include its
successors and assigns. 
 Coupon: 
 The term “Coupon” means any interest coupon appertaining to a Bearer Security. 
 Covenant Defeasance: 
 The term “Covenant Defeasance” shall have
the meaning specified in Section 11.03. 
 Default: 

The term “Default” shall have the meaning specified in Section 6.07. 

Defeasance: 
 The term “Defeasance” shall have the meaning specified in Section 11.02. 
 Depositary: 
 The term “Depositary” shall mean, with respect to
the Securities of any series issuable in whole or in part in the form of one or more Global Securities, a clearing agency registered under the Securities Exchange Act of 1934, as amended, and any other applicable U.S. or foreign statute or
regulation that is designated to act as Depositary for such Securities as contemplated by Section 2.02. 
 Euroclear:

 The term “Euroclear” shall mean Euroclear Bank S.A./N.V. as operator of the Euroclear System. 

  
 2 

 Event of Default: 

The term “Event of Default” shall have the meaning specified in Section 6.01. 

Global Security: 
 The term “Global Security” means a Security issued to evidence all or a part of any series of Securities and designated as a Global Security. 

Indebtedness: 
 The term “Indebtedness” shall mean any and all obligations of a corporation for money borrowed which in accordance with generally accepted accounting principles would be reflected on the balance
sheet of such corporation as a liability on the date as of which Indebtedness is to be determined. 
 Indenture:

 The term “Indenture” or “this Indenture” shall mean this instrument and all indentures supplemental
hereto, including the terms of the Securities. 
 Interest: 

The term “interest” when used with respect to an Original Issue Discount Security which by its terms bears interest only after
Maturity, means interest payable after Maturity. 
 Interest Payment Date: 

The term “Interest Payment Date” when used with respect to any Security shall mean the Stated Maturity of an installment of
interest on such Security. 
 Junior Subordinated Debt: 

The term “Junior Subordinated Debt” shall mean the 7% Junior Subordinated Deferrable Interest Debentures due November 15,
2028 of the Company, the 6.850% Junior Subordinated Deferrable Interest Debentures due January 22, 2038 of the Company, the 7 5/8% Junior Subordinated Deferrable Interest Debentures due December 1, 2036 of the Company, the 7 3/4% Junior
Subordinated Deferrable Interest Debentures due December 1, 2036 of the Company, the 8% Deferrable Interest Debentures due September 30, 2036 of the Company and the 6 7/8% Junior Subordinated Deferrable Interest Debentures due
March 15, 2029 of the Company and all other notes or other obligations which may be issued under the Junior Subordinated Debt Indenture and any indebtedness that is by its terms subordinated to or pari passu with the Junior Subordinated Debt.

 Junior Subordinated Debt Indenture: 
 The term “Junior Subordinated Debt Indenture” shall mean the Indenture, dated October 7, 1996, between the Company and The Chase Manhattan Bank, as trustee, as supplemented by the First
Supplemental Indenture thereto dated as of December 15, 1998, as the same may be amended from time to time. 
 Mandatory
Sinking Fund Payment: 
 The term “Mandatory Sinking Fund Payment” shall have the meaning specified in
Section 4.03. 
 Maturity: 
 The term “maturity,” with respect to any Security, shall mean 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. 
 Officers’ Certificate: 

The term “Officers’ Certificate,” when used with respect to the Company, shall mean a certificate signed by the Chairman of
the Board, any Vice Chairman, the Chief Financial Officer, the Chief Accounting Officer, the Controller, the Treasurer, the General Counsel, the Deputy General Counsel or any Vice President and by any Deputy Treasurer, any Assistant Treasurer, the
Secretary or any Assistant Secretary of the Company and delivered to the Trustee. Each such certificate shall include the statements provided for in Section 15.03 if and to the extent required by the provisions of such Section. 

  
 3 

 Opinion of Counsel: 

The term “Opinion of Counsel” shall mean an opinion in writing signed by legal counsel, who may be an employee of or of counsel
to the Company, or may be other counsel satisfactory to the Trustee. Each such opinion shall include the statements provided for in Section 15.03 if and to the extent required by the provisions of such Section. 

Optional Sinking Fund Payment: 
 The term “Optional Sinking Fund Payment” shall have the meaning specified in Section 4.03. 
 Original Issue Discount Security: 
 The term “Original Issue Discount
Security” means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.02. 

Outstanding: 
 The term “outstanding,” when used as of any particular time with reference to Securities, shall, subject to Section 7.03, mean all the Securities which shall theretofore have been
authenticated and delivered by the Trustee under this Indenture, except 
 (a) Securities or portions thereof for which
(i) funds sufficient to pay the principal thereof, premium, if any, thereon and all unpaid interest thereon to maturity or to the date fixed for the redemption thereof shall have been deposited in trust for such purpose as provided herein with
the Trustee or with any paying agent (other than the Company) or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own paying agent), and (ii) in case of redemption, notice of redemption thereof
shall have been duly given or provision satisfactory to the Trustee for the giving of such notice shall have been made; 
 (b)
Securities which shall have been surrendered to the Trustee for cancellation; 
 (c) Securities paid or in lieu of or in
substitution for which other Securities shall have been authenticated and delivered pursuant to Section 2.06; and 
 (d)
Securities or portions thereof as to which the Company shall have deposited in trust funds or U.S. Government Obligations and complied with other conditions as specified in Section 11.04; provided, however, that in determining whether
the Holders of the requisite principal amount of the Securities then outstanding have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Security that shall be
deemed to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the maturity thereof pursuant to Section 6.02.

 Person: 
 The term “person” shall mean an individual, a corporation, a partnership, an association, a joint stock company, a trust, an unincorporated organization or a government or an agency or political
subdivision thereof. 
 Possessions: 
 The term “possessions” shall mean, with respect to the United States, Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and Northern Mariana Islands. 

Principal Office of the Trustee: 
 The term “Principal Office of the Trustee” shall mean the principal corporate trust office of the Trustee at which, at any particular time, its corporate trust business shall be administered,
which office at the date hereof is located at 1 Bank One Plaza, Suite 0126, Chicago, Illinois 60670-0126, Attn.: Global Corporate Trust Services Division, except that for purposes of Section 5.02, such term shall mean the office or agency of
the Trustee in the Borough of Manhattan, The City of New York, which office at the date hereof is located at 14 Wall Street, Eighth Floor, New York, New York 10005. 

  
 4 

 Record Date: 
 The term “Record Date” shall mean, with respect to any interest payable on any Security on any interest payment date, the close of business on the date specified in such Security or, in the case
of defaulted interest, the close of business on any subsequent record date established as provided in Section 2.01 (in each case whether or not such day is a business day). 

Redemption Date: 
 The term “Redemption Date” when used with respect to any Security to be redeemed, in whole or in part, shall mean the date fixed for such redemption by or pursuant to this Indenture and the
terms of such Security. 
 Redemption Price: 
 The term “Redemption Price” when used with respect to any Security to be redeemed shall mean the price (exclusive of accrued interest) at which it is to be redeemed pursuant to this Indenture
and the terms of such Security. 
 Registered Security: 

The term “Registered Security” shall mean any Security in the form established pursuant to Section 2.01 which is registered
in the register kept for that purpose hereunder. 
 Responsible Officers: 

“Responsible Officers” of the Trustee hereunder shall mean and include any officer of the Trustee assigned by the Trustee to
administer its corporate trust matters. 
 Security: 

The term “Security” shall mean one of the Securities duly authenticated by the Trustee and delivered pursuant to the provisions
of this Indenture. 
 Securityholder, Holder of Securities; Holder: 

The term “Securityholder” or “Holder of Securities” or “Holder,” with respect to a Registered Security,
shall mean the person in whose name such Securities shall be registered in the register kept for that purpose hereunder, and with respect to a Bearer Security (or any temporary Global Security in bearer form) or a Coupon, shall mean the bearer
thereof. 
 Senior Indebtedness: 
 The term “Senior Indebtedness” shall mean (i) the principal, premium, if any, and interest in respect of (A) indebtedness of the Company for money borrowed and (B) indebtedness
evidenced by securities, notes, debentures, bonds or other similar instruments issued by the Company; (ii) all obligations of the Company under any capital lease, synthetic lease or tax retention operating lease; (iii) all obligations of
the Company issued or assumed as the deferred purchase price of property, all conditional sale obligations of the Company and all obligations of the Company under any conditional sale or tide retention agreement (but excluding trade accounts payable
in the ordinary course of business); (iv) all obligations, contingent or otherwise, of the Company in respect of any letters of credit, banker’s acceptance, security purchase facilities and similar credit transactions; (v) all
obligations of the Company in respect of interest rate swap, cap or other agreements, interest rate future or options contracts, currency swap agreements, currency future or option contracts and other similar agreements; (vi) all obligations of
the type referred to in clauses (i) through (v) of other persons for the payment of which the Company is responsible or liable as obligor, guarantor or otherwise; and (vii) all obligations of the type referred to in clauses
(i) through (vi) of other persons secured by any lien on any property or asset of the Company (whether or not such obligation is assumed by the Company), except for (1) the Securities, (2) any such indebtedness that is by its
terms is subordinated to or pari passu with the Securities, including all indebtedness issued under the indenture dated as of July 17, 1998, between the Company and Bank One Trust Company, N.A., as trustee, as supplemented, and (3) any
indebtedness between or among the Company and its Affiliates, including (x) my Junior Subordinated Debt, (y) any Trust Preferred Securities Guarantees and (z) all other debt securities and guarantees in respect of those debt
securities issued to any other trust, or a trustee of such trust, partnership or other entity affiliated with the Company which is a financing vehicle of the Company (a “Financing Entity”) in connection with the issuance by such Financing
Entity of preferred securities or other securities guaranteed by the Company pursuant to an instrument that ranks pari passu with, or junior to, the Trust Preferred Securities Guarantees. 

  
 5 

 Stated Maturity: 

The term “Stated Maturity” when used with respect to any Security or any installment of interest thereon shall mean 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. 

Subsidiary: 
 The term “Subsidiary” shall mean any corporation of which securities (excluding securities entitled to vote for directors only by reason of the happening of a contingency) entitled to elect at
least a majority of the corporation’s directors shall at the time be owned, directly or indirectly, by the Company, or one or more Subsidiaries, or by the Company and one or more Subsidiaries. 

Trustee: 

The term “Trustee” shall mean the trustee hereunder for the time being, whether original or successor, and if at any time there
is more than one such trustee, “Trustee” as used with respect to the Securities of any series shall mean the trustee with respect to Securities of that series. 
 Trust Indenture Act of 1939: 
 The term “Trust Indenture Act of
1939” shall mean such Act as amended to the date of this Indenture except as provided in Section 13.06. 
 Trust
Preferred Securities Guarantees: 
 The term “Trust Preferred Securities Guarantees” shall mean the guarantees
issued by the Company in connection with the 8% Trust Preferred Securities of Citigroup Capital I, the 7 3/4% Trust Preferred Securities of Citigroup Capital II, the 7 5/8% Trust Preferred Securities of Citigroup Capital III, the 6.850% Trust
Preferred Securities of Citigroup Capital IV, the 7% Trust Preferred Securities of Citigroup Capital V and the 6 7/8% Capital Securities of Citigroup Capital VI and any guarantee now or hereafter entered into by the Company in respect of any
preferred or preference stock that is by its terms subordinated to or pari passu with the Junior Subordinated Debt. 
 U.S.
Government Obligations: 
 The term “U.S. Government Obligations” means either (i) direct obligations of the
United States of America or (ii) obligations of a person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the timely payment of which is unconditionally guaranteed by the full faith and
credit of the United States of America. 
 Certain other terms, relating principally to provisions included in this Indenture in
compliance with the Trust Indenture Act of 1939, are defined in Article Ten. 
 SECTION 1.02 Notice to Holders of Securities; Waiver.
Except as otherwise expressly provided herein, where this Indenture provides for notice to Holders of Securities of any event: 
 (1) such notice shall be sufficiently given to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Registered Security affected by such event, at
the address of such Holder as it appears in the security register, not earlier than the earliest date, and not later than the latest date, prescribed for the giving of such notice and 

(2) such notice shall be sufficiently given to Holders of Bearer Securities if published in an Authorized Newspaper in The
City of New York and in such other city or cities as may be specified in such Securities on a Business Day at least twice, the first publication to be not earlier than the earliest date, and not later that the latest date, prescribed for the giving
of such notice. 

  
 6 

 In case by reason of suspension of regular mail service or by reason of any other cause it
shall be impracticable to give such notice to Holders of Registered Securities by mail, then such notification as shall be made with the approval of the Trustee shall constitute sufficient notice to such Holders for every purpose hereunder. In any
case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice
with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities given as provided herein. 
 In case by reason of the suspension of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause it shall be impracticable to publish any notice to Holders of Bearer Securities as
provided above, then such notification as shall be given with the approval of the Trustee shall constitute sufficient notice to such Holders for every purpose hereunder. Neither the failure to give notice by publication to Holders of Bearer
Securities as provided above or any defect in any notice so published, shall affect the sufficiency of any notice to Holders of Registered Securities given as provided herein. 
 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 of Securities shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

SECTION 1.03. Language of Notices, Etc. Any request, demand, authorization, direction, notice, consent or waiver required or permitted under this
Indenture shall be in the English language, except that any published notice may be an official language of the country of publication. 
 ARTICLE TWO 
 FORM, EXECUTION, DELIVERY, TRANSFER AND EXCHANGE OF
SECURITIES 
 SECTION 2.01. Forms Generally; Record Dates; Place of Payment; Denominations. Unless otherwise provided
as contemplated by Section 2.02 with respect to any series of Securities, the Securities of each series shall be issuable in registered form without Coupons. If so provided as contemplated by Section 2.02, the Securities of a series shall
be issuable solely in bearer form, or in both registered form and bearer form. Unless otherwise specified as contemplated by Section 2.02, Securities in bearer form shall have interest Coupons attached. The Securities and Coupons shall be in
substantially the form as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as the officers of the Company executing such Securities or
Coupons may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto
or with any rule or regulation of any stock exchange on which the Securities may be listed, or to conform to usage. If Securities of a series (including temporary securities) are issuable in the form of a Global Security, any such Global Security
may provide that it shall represent the aggregate amount of outstanding Securities from time to time endorsed thereon and may also provide that the aggregate amount of outstanding Securities represented thereby may from time to time be reduced to
reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any increase or decrease in the amount or changes in the rights of Holders of outstanding Securities represented thereby shall be made in such manner and by such
person or persons as shall be specified therein. Any instructions by the Company with respect to a Global Security shall be in writing but need not comply with Section 15.03. 

  
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 The Securities shall be issued, except as otherwise provided with respect to any series of
Securities pursuant to Section 2.02, in the denomination of $1,000 and any larger denomination which is an integral multiple of $1,000 approved by the Company, such approval to be evidenced by the execution thereof. 

The person in whose name any Registered Security is registered at the close of business on any Record Date with respect to any Interest
Payment Date shall be entitled to receive the interest payable on such Interest Payment Date notwithstanding the cancellation of such Security upon any transfer or exchange thereof subsequent to such Record Date and prior to such Interest Payment
Date; provided, however, that, if and to the extent the Company shall default in the payment of the interest due on such Interest Payment Date, the defaulted interest shall be paid to the persons in whose names the outstanding Registered
Securities are registered on a subsequent Record Date, such Record Date to be not less than 5 days prior to the date of payment of such defaulted interest, established by notice given by mail by or on behalf of the Company to the Holders of
Registered Securities not less than 15 days preceding such subsequent Record Date. 
 Unless otherwise specified as contemplated
by Section 2.02, in case a Bearer Security of any series is surrendered in exchange for a Registered Security of such series after the close of business (at an office or agency referred to in Section 2.05) on any Record Date and before the
opening of business (at such office or agency) on the next succeeding Interest Payment Date (or the related proposed date of payment of defaulted interest, as the case may be), such Bearer Security shall be surrendered without the Coupon relating to
such Interest Payment Date and interest (or defaulted interest, as the case may be) will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the
Holder of such Coupon when due in accordance with the provisions of this Indenture. 
 At the option of the Company, interest on
Registered Securities and principal thereof may be paid by mailing a check to the address of the person entitled thereto as such address shall appear in the register or by wire transfer to an account maintained by the person entitled thereto as
specified in the register. 
 Unless otherwise provided as contemplated by Section 2.02 with respect to any series of
Securities, the principal of and interest and premium, if any, on the Securities shall be payable in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts.

 SECTION 2.02. Amount; Terms of Securities. The aggregate principal amount of Securities which may be authenticated and
delivered under this Indenture is not limited. 
 The Securities may be issued in one or more series. There shall be established
by or pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, 

(a) the title of the Securities of the series (which shall distinguish the Securities of the 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 which may be outstanding under this Indenture (except as otherwise provided in Sections 2.06, 2.08 or 13.05); 
 (c) the date or dates on which the principal of the Securities of the series is payable; 
 (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; 

  
 8 

 (e) if other than such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public or private debts, the coin or currency or currency unit in which payment of the principal of, or premium, if any, or interest on the Securities of the series shall be payable; 

(f) if the amount of payment of principal of, or premium, if any, or interest on the Securities of the series may be determined with
reference to an index, formula or other method including, but not limited to, an index, formula or other method based on a coin or currency or currency unit other than that in which the Securities are stated to be payable, the manner in which such
amount shall be determined; 
 (g) if the principal of, or premium, if any, or interest on the Securities of the series are to
be payable, at the election of the Company or a Holder thereof, in a coin or currency or currency unit other than that in which the Securities are stated to be payable, the period or periods within which, and the terms and conditions upon which,
such election may be made; 
 (h) the place or places where the principal of, and premium, if any, and interest on Securities of
the series shall be payable; 
 (i) the price or prices at which, the period or periods within which and the terms and
conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option; 
 (j) the obligation, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any sinking fund or analogous provisions or at the option of a holder thereof and the price or
prices at which, the period or periods within which and the terms and conditions upon which Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 

(k) if other than denominations of $1,000 or any integral multiple thereof, the denominations in which Securities of the series shall be
issuable; 
 (l) whether the Securities of the series are to be issued as Original Issue Discount Securities and the amount of
discount with which such Securities may be issued; 
 (m) 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 6.02; 
 (n) the subordination terms of the Securities of the series (if different from the terms provided herein); 
 (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, the Depositary for such Global Security or Securities and the
terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other definitive Securities; 
 (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; 

(q) the form of the Securities of the series; 
 (r) the provisions of this Indenture that shall not apply to Securities of the series; 
 (s) the application, if any, of either Section 11.02 or Section 11.03; 

  
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 (t) whether Securities of the series are to be issuable as Registered Securities, Bearer
Securities or both, whether Bearer Securities of the series are to be issuable with or without Coupons or both, in the case of Bearer Securities, the date as of which such Bearer Securities shall be dated if other than the date of original issuance
of the first Security of such series of like tenor and term to be issued, and whether, and on what terms and conditions, Bearer Securities may be exchanged for Registered Securities; and 

(u) any other terms of the Securities of the series, including additional or different Events of Default or Defaults, and/or covenants of
the Company (which terms shall not be inconsistent with the provisions of this Indenture). 
 All Securities of any one series,
and the Coupons appertaining to Bearer Securities of such series, if any, shall be substantially identical except as to denomination and except as may otherwise be provided by or pursuant to such Board Resolution, and set forth in such
Officers’ Certificate, or in any such indenture supplemental hereto. If any of the terms of a series of Securities are established by action taken pursuant to a Board Resolution, a copy of such Board Resolution shall be delivered to the Trustee
at or prior to the delivery of the Officers’ Certificate setting forth the terms of such series. 
 Notwithstanding
Section 2.02(b) and unless otherwise expressly provided with respect to a series of Securities, all Securities of a series need not be issued at the same time and, unless otherwise provided by the Company, a series may be reopened for issuances
of additional Securities of such series or to establish additional terms for such series. 
 SECTION 2.03. Certificate of
Authentication Validates Securities. The Securities and Coupons shall be signed in the name and on behalf of the Company by the manual or facsimile signature of its Chairman of the Board, its President, any Vice Chairman, the Chief Financial
Officer, the Chief Accounting Officer, the Controller, the Treasurer, any Deputy Treasurer, any Assistant Treasurer, the General Counsel, the Deputy General Counsel or any Vice President, under its corporate seal (which may be printed, engraved or
otherwise reproduced thereon, by facsimile or otherwise), which shall be attested by the manual or facsimile signature of its Secretary or one of its Assistant Secretaries. The Securities, together with any Coupons appertaining thereto, shall then
be delivered to the Trustee for authentication by it, and thereupon, as provided herein, the Trustee shall authenticate and deliver such Securities; provided, however, that, in connection with its original issuance, no Bearer Security shall
be mailed or otherwise delivered to any location in the United States or its possessions; and provided further that a Bearer Security may be delivered in connection with its original issuance only if the person entitled to receive such Bearer
Security shall have delivered to the Trustee, or such other person as shall be specified in a temporary Global Security delivered pursuant to Section 2.08, a certificate in the form of Exhibit A, B, or C, whichever is applicable to such Person
or any other form established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto. In case any officer of the Company who shall have signed any of the Securities and Coupons shall cease to be such officer of the
Company before the Securities and Coupons so signed shall have been actually authenticated and delivered by the Trustee, such Securities may nevertheless be issued, authenticated and delivered as though the person who signed such Securities and
Coupons had not ceased to be such officer of the Company; and also any of the Securities and Coupons may be signed on behalf of the Company by any person who at the time of the execution of such Securities and Coupons shall be the proper officer of
the Company, even though at the date of the execution of this Indenture such person may not have been such officer of the Company. 
 SECTION 2.04. Form of Certificate of Authentication. Only such of the Securities or Coupons appertaining thereto 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, and the certificate of
authentication by the Trustee upon any such Security executed on behalf of the Company as aforesaid shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the Holder thereof is
entitled to the benefits of this Indenture. Except as permitted by Section 2.06, the Trustee shall not authenticate and deliver any Bearer Security unless all 

  
 10 

 
appurtenant Coupons for interest then matured have been detached and canceled. Notwithstanding the foregoing, if any Security or portion thereof shall have been duly authenticated and delivered
hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 15.04 together with a written statement (which need not comply with Section 15.03 and
need not be accompanied by an Opinion of Counsel) stating that such Security or portion thereof has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and
delivered hereunder and shall never be entitled to the benefits of this Indenture. 
 Each Registered Security shall be dated
the date of its authentication and each Bearer Security and any Global Security shall be dated as of the date specified as contemplated by Section 2.02. 
 The Trustee’s certificate of authentication on all Securities shall be in substantially the following form: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of
the series designated herein issued under the Indenture described herein. 
  

					
	  
	 	,
	as Trustee	 	
		
	By	 	  

	Authorized Signatory	 	

 SECTION 2.05. Maintenance of Register at New York Office; Transfer of Securities; Exchange of
Securities; Persons Deemed Owners. The Company will keep, at an office or agency to be maintained by it in the Borough of Manhattan, The City of New York, a register for the registration and the registration of transfer of the Registered
Securities, as in this Indenture provided, which register shall at all times 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.

 Upon surrender for registration of transfer of any Registered Security of any series at such office or agency, the Company
shall execute and the Trustee shall authenticate and deliver a Registered Security or Securities of such series for a like aggregate principal amount, in such authorized denomination or denominations and registered in such name or names as may be
requested. The transfer of any Registered Security shall not be valid as against the Company or the Trustee unless registered at such office or agency by the Holder, or by his attorney duly authorized in writing. 

Registered Securities of any series in their several authorized denominations are exchangeable for a Registered Security or Securities of
such series in authorized denominations and of a like aggregate principal amount. Registered Securities to be exchanged as aforesaid shall be surrendered for that purpose by the Holder thereof at such office or agency, and the Company shall execute
and the Trustee shall authenticate and deliver in exchange therefor the Registered Security or Securities in such authorized denomination or denominations as the Securityholder making the exchange shall have requested and shall be entitled to
receive. The Company shall not be required to make any exchange or effect registration of transfer of (i) any Registered Security which shall have been designated for redemption in whole or in part except, in the case of any Security to be
redeemed in part, the portion thereof not so to be redeemed, or (ii) any Registered Security for a period of 15 days next preceding any selection of Registered Securities of such series for redemption. Registered Securities may not be exchanged
for Bearer Securities. 

  
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 Subject to the terms of a series pursuant to Section 2.02(t), Bearer Securities of any
series may be exchanged for Registered Securities of the same series of any authorized denominations and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all
unmatured Coupons and all matured Coupons in default thereto appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured Coupon or Coupons or matured Coupon or Coupons in default, such exchange may be effected if
(a) in the case of fixed rate Bearer Securities, the Bearer Securities are accompanied by payment in funds acceptable to the Company in an amount equal to the face amount of such missing Coupon or Coupons, or (b) the surrender of such
missing Coupon or Coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any paying agent harmless. If thereafter the Holder of such Security shall
surrender to any paying agent any such missing Coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount of any such payment from the Company; provided, however, that interest
represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an office or agency of a paying agent, maintained pursuant to Section 5.02 for such purpose, located outside the United States and its possessions.
Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such office or agency in exchange for a Registered Security of the same series and like tenor after the close of business at such office or agency on
(i) any Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any Record Date and before the opening of business at such office or agency on the related date for payment of
defaulted interest, such Bearer Security shall be surrendered without the Coupon relating to such Interest Payment Date or proposed date for payment, as the case may be. 
 All Securities presented or surrendered for registration of transfer, exchange or payment shall (if so required by the Company or the Trustee) be duly endorsed by, or accompanied by a written instrument
or instruments of transfer (in form satisfactory to the Company and the Trustee) duly executed by, the Holder or by his attorney duly authorized in writing. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any applicable tax or other governmental charge payable
in connection therewith. 
 The Company and the Trustee, and the agents of either, may deem and treat the person in whose name
any Registered 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 (subject to the
provisions set forth herein relating to Record Dates), and the Company and the Trustee, and the agents of either, shall not be affected by any notice to the contrary. 
 The Company, the Trustee and any agent of the Company or the Trustee may treat the bearer of any Bearer Security and the bearer of any Coupon as the absolute owner of such Security or Coupon for the
purpose of receiving payment thereof or on account thereof and for all other purposes whatsoever whether or not such Security or Coupon 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. 
 None of the Company, the Trustee, any paying agent, or the security registrar will have the
responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interest of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership
interest, and they shall be fully protected in acting or refraining from acting on any such information provided by the Depositary. 
 Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 2.02, any permanent Global Security shall be exchangeable pursuant to this Section only as provided in this
paragraph. If the beneficial owners of interests in a permanent Global Security are entitled to exchange such interests for Securities of such series and of like tenor and principal amount of another authorized form and denomination, as specified as
contemplated by Section 2.02, then without unnecessary delay but in any event not later than 

  
 12 

 
the earliest date on which such interests may be so exchanged, the Company shall deliver to the Trustee or the security registrar definitive Securities of that series in aggregate principal
amount equal to the principal amount of such permanent Global Security executed by the Company. On or after the earliest date on which such interests may be so exchanged, in accordance with instructions given by the Company to the Trustee or the
security registrar and the Depositary (which instructions shall be in writing but need not comply with Section 15.03 or be accompanied by an Opinion of Counsel), such permanent Global Security shall be surrendered from time to time by the
Depositary, as shall be specified in the Company instructions with respect thereto to the Trustee, as the Company’s agent for such purpose, or to the security registrar, to be exchanged, in whole or in part, for definitive Securities of the
same series without charge and the Trustee shall authenticate and deliver in accordance with such instructions, in exchange for each portion of such permanent Global Security, a like aggregate principal amount of definitive Securities of the same
series of authorized denominations and of like tenor as the portion of such permanent Global Security to be exchanged which unless the Securities of the series are not issuable both as Bearer Securities and as Registered Securities, in which case
the definitive Securities exchanged for the permanent Global Security shall be issuable only in the form in which the Securities are issuable, as specified as contemplated by Section 2.02, shall be in the form of Bearer Securities or Registered
Securities, or any combination thereof, as shall be specified by the beneficial owner thereof; provided, however, that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities
of that series and of like tenor for redemption and ending on the relevant Redemption Date; and provided, further, that no Bearer Security delivered in exchange for a portion of a permanent Global Security shall be mailed or otherwise
delivered to any location in the United States or its possessions. Promptly following any such exchange in part, such permanent Global Security should be returned by the Trustee or the security registrar to the Depositary in accordance with the
instructions of the Company referred to above. If a Registered Security is issued in exchange for any portion of a permanent Global Security after the close of business at the office or agency where such exchange occurs on (i) any Record Date
and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any Record Date and before the opening of business at such office or agency on the related proposed date for payment of defaulted
interest, interest or defaulted interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable on such Interest Payment
Date or proposed date for payment, as the case may be, only to the person to whom interest in respect of such portion of such permanent Global Security is payable in accordance with the provisions of this Indenture. 

SECTION 2.06. Mutilated, Destroyed, Lost or Stolen Securities. In case any temporary or definitive Security of a particular series
(or the Coupons appertaining thereto) shall become mutilated or be destroyed, lost or stolen, then upon the conditions hereinafter set forth the Company in its discretion may execute, and thereupon the Trustee shall authenticate and deliver, a new
Security of the same series of like tenor and principal amount and bearing a different number, in exchange and substitution for and upon cancellation of the mutilated Security or in lieu of and substitution for the Security so destroyed, lost or
stolen; provided, however, that if any such mutilated, destroyed, lost or stolen Security shall have become or is about to become due and payable upon the maturity thereof, the Company in its discretion may, instead of issuing a substitute
Security, pay such Security without requiring the surrender thereof. The applicant for any substitute Security or for payment of any such mutilated, destroyed, lost or stolen Security shall furnish to the Company and to the Trustee evidence
satisfactory to them, in their discretion, of the ownership of and the destruction, loss or theft of such Security and shall furnish to the Company and to the Trustee indemnity satisfactory to them, in their discretion, and, if required, shall
reimburse the Company and the Trustee for all expenses (including counsel fees and any tax or other governmental charge that may be imposed in relation thereto) in connection with the preparation, issue and authentication of such substitute Security
or the payment of such mutilated, destroyed, lost or stolen Security, and shall comply with such other reasonable regulations as the Company and the Trustee, or either of them, may prescribe. Any such new Security delivered pursuant to this
Section 2.06 shall constitute an additional contractual obligation on the part of the Company, whether or not the allegedly destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be equally and proportionately
entitled to the benefit of this Indenture with all other Securities of the same series issued hereunder. All Securities shall be held and owned upon the express condition that, to the extent permitted by law, the foregoing provisions are exclusive
with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities and shall preclude any and all other rights or remedies. 

  
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 SECTION 2.07. Rights Regarding Exchanged or Substituted Securities. Subject to the
provisions set forth herein relating to Record Dates, each Security delivered pursuant to any provision of 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 2.08. Temporary Securities.
Pending the preparation of definitive Securities of any series, the Company may execute, and the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any
authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate
insertions, omissions, substitutions and other variations as the officers executing such Securities or Coupons may determine as evidenced by their execution of such Securities or Coupons. In the case of any series issuable as Bearer Securities, such
temporary Securities shall be delivered only in compliance with the conditions set forth in Section 2.03 and may be in global form. 
 Except in the case of temporary Securities in global form (which shall be exchanged in accordance with the provisions of the following paragraphs), if temporary Securities of any series are issued, the
Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities
of such series upon surrender of the temporary Securities of such series at the office or agency of the Company maintained for the purpose of exchanges of Securities of such series, without charge to the Holder. Upon surrender for cancellation of
any one or more temporary Securities of any series (accompanied by any unmatured Coupons appertaining thereto) the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like aggregate principal amount of
definitive Securities of the same series and of like tenor of authorized denominations; provided, however, that no definitive Bearer Security shall be delivered in exchange for a temporary Registered Security; and provided further,
however, that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in Section 2.03. 

All Bearer Securities shall be issued initially in the form of a temporary Global Security and any such temporary Global Security shall,
unless otherwise provided therein, be delivered to the London office of a depositary or common depositary (the “Common Depositary”), for the benefits of Euroclear and Clearstream Banking, for credit to the respective accounts for the
beneficial owners of such Securities (or to such other accounts as they may direct). 
 Unless otherwise specified in such
temporary Global Security, the interest of a beneficial owner of Securities of a series in a temporary Global Security shall be exchanged for definitive Securities (including a permanent Global Security) of the same series and of like tenor after
the Exchange Date (as defined below) when the account holder instructs Euroclear or Clearstream Banking, as the case may be, to request such exchange on his behalf and in the case of Bearer Securities, delivers a certificate in the form set forth in
Exhibit A to this Indenture (whether or not such certificate is delivered in connection with the payment of interest, as provided in the second succeeding paragraph) signed by the owner of the Security or a financial institution or clearing
organization through which the owner directly or indirectly holds such Security, and dated no earlier than 15 days prior to the date on which Euroclear or Clearstream Banking, as the case may be, furnishes to the Depositary in accordance with the
preceding paragraph a certificate in the form set forth in Exhibit B to this Indenture that relates to the interest to be exchanged for definitive Securities. Copies of the certificate in the form set forth in Exhibit A to this Indenture shall be
available from the offices of Euroclear and Clearstream Banking, the Trustee, any authenticating agent appointed for such series of Securities and each paying agent Unless otherwise specified in such temporary Global Security, any such exchange
shall be made free of charge to the beneficial owners of such temporary Global Security, except that a person receiving the definitive Securities must bear the cost of insurance, postage, transportation and the like in the

  
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event that such person does not take delivery of such definitive Securities in person at the offices of Euroclear or Clearstream Banking. Definitive Bearer Securities to be delivered in exchange
for any portion of a temporary Global Security shall be delivered only outside the United States and its possessions. 
 Without
unnecessary delay but in any event not later than the date specified in, or determined pursuant to the terms of, any such temporary Global Security of a series (the “Exchange Date”), the Company shall deliver to the Trustee definitive
Securities of that series, in aggregate principal amount equal to the principal amount of such temporary Global Security, executed by the Company. On or after the Exchange Date such temporary Global Security shall be presented and surrendered by the
Common Depositary to the Trustee, as the Company’s agent for such purpose or to the security registrar, to be exchanged, in whole or from time to time in part, for definitive Securities of such series without charge and the Trustee shall
authenticate and deliver, in exchange for each portion of such temporary Global Security, a like aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such temporary
Global Security to be exchanged and in bearer form, registered form, permanent Global bearer form or permanent Global registered form, or any combination thereof as contemplated by Section 2.02, and, if any combination thereof is so specified,
as requested by the beneficial owner thereof; provided, however, that unless only Registered Securities are to be exchanged in respect of such temporary Global Security, upon such presentation by the Common Depositary, such temporary Global
Security must be accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear as to the portion of such temporary Global Security held for its account then to be exchanged and a certificate dated the Exchange
Date or a subsequent date and signed by Clearstream Banking as to the portion of such temporary Global Security held for its account then to be exchanged, each in the form set forth in Exhibit B to this Indenture; provided further, however,
that definitive Bearer Securities (including a permanent bearer form Global Security) shall be delivered in exchange for a portion of a temporary Global Security only in compliance with the requirements of Section 2.03. 

Upon any exchange of a portion of any temporary Global Security, such Global Security shall be endorsed by or on behalf of the Trustee to
reflect the reduction in the principal amount evidenced thereby. Until exchanged in full as hereinabove provided, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive
Securities of the same series and of like tenor authenticated and delivered hereunder, except that, unless otherwise specified as contemplated by Section 2.01, interest payable on a temporary Global Security on any Interest Payment Date for
Securities of such series occurring prior to the exchange of such temporary Global Security shall be payable to Euroclear and Clearstream Banking on such Interest Payment Date upon delivery by Euroclear and Clearstream Banking to the Trustee or the
applicable paying agent of a certificate or certificates in the form set forth in Exhibit C to this Indenture, for credit without further interest on or after such Interest Payment Date to the respective accounts of the persons for whom Euroclear or
Clearstream Banking, as the case may be, holds such temporary Global Security on such Interest Payment Date and who have each delivered to Euroclear or Clearstream Banking, as the case may be, a certificate in the form set forth in Exhibit A to this
Indenture. If such Interest Payment Date occurs on or after the Exchange Date, Euroclear or Clearstream Banking, as the case may be, following the receipt of such certificate shall exchange, in accordance with the procedures hereinabove provided,
the portion of the temporary Global Security that relates to such certificate for definitive Securities (which, in the absence of instructions to the contrary, shall be an interest in a permanent Global Security). Any interest so received by
Euroclear and Clearstream Banking and not paid as herein provided shall be returned to the Trustee or the applicable paying agent immediately prior to the expiration of two years after such Interest Payment Date in order to be repaid to the Company
in accordance with Section 5.03. 
 SECTION 2.09. Transfer and Exchange of Global Securities. (a) A Global
Security may be transferred, in whole but not in part, only to another nominee of the Depositary, or to a successor Depositary selected or approved by the Company or to a nominee of such successor Depositary. 

(b) If at any time the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for any series of
Securities or if at any time the Depositary for such shall no longer be 

  
 15 

 
registered or in good standing under the Securities Exchange Act of 1934, as amended, or any other applicable U.S. or foreign statute or regulation, and a successor Depositary for such securities
is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such condition, as the case may be, the Company will execute, and, subject to Articles Two and Three, the Trustee, upon written notice from the
Company, will authenticate and deliver the Securities of such series in definitive registered form without Coupons (in the case of a registered form Global Security) or in bearer form either with or without Coupons, as specified by the Company (in
the case of a bearer form Global Security), in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security in exchange for such Global Security. In addition, the Company may at any time
determine that the Securities of any series shall no longer be represented by a Global Security. In such event the Company will execute, and subject to Articles Two and Three, the Trustee, upon receipt of an Officers’ Certificate evidencing
such determination by the Company, will authenticate and deliver the Securities of such series in definitive registered form without Coupons (in the case of a registered form Global Security) or in bearer form either with or without Coupons, as
specified by the Company (in the case of a bearer form Global Security), in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security for such series in exchange for such Global Security.
Such Securities in definitive registered form issued in exchange for the Global Security shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or
otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the Depositary, for delivery to the persons in whose names such Securities are so registered. 

ARTICLE THREE 
 ISSUE OF SECURITIES 
 SECTION 3.01. Authentication, Delivery and
Dating. At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series, together with any Coupons appertaining thereto, executed by the Company to the Trustee for
authentication. The Trustee shall thereupon authenticate and deliver such Securities to or upon the written order of the Company, signed by its Chairman of the Board, its President, any Vice Chairman, the Chief Financial Officer, the Chief
Accounting Officer, the Controller, the Treasurer, any Deputy Treasurer, any Assistant Treasurer, the General Counsel, the Deputy General Counsel or any Vice President, without any further action by the Company; provided, however, that, in
connection with its original issuance, no Bearer Security shall be mailed or otherwise delivered to any location in the United States or its possessions; and provided further that a Bearer Security may be delivered in connection with its
original issuance only if the person entitled to receive such Bearer Security shall have delivered to the Trustee, or such other person as shall be specified in a temporary Global Security delivered pursuant to Section 2.08, a certificate in
the form required by Section 2.03 or 2.08. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to
Section 10.02) shall be fully protected in relying upon: 
 (a) a Board Resolution relating thereto and, if applicable, an
appropriate record of any action taken pursuant to such resolution, certified by the Secretary or an Assistant Secretary of the Company; 
 (b) an executed supplemental indenture, if any; 
 (c) an Officers’
Certificate; and 
 (d) an Opinion of Counsel prepared in accordance with Section 15.03, which shall also state:

 (1) that the form and terms of such Securities have been established by or pursuant to one or more Board
Resolutions, by a supplemental indenture as permitted by Section 13.01(e), or by both such resolution or resolutions and such supplemental indenture, in conformity with the provisions of this Indenture; 

  
 16 

 (2) that the supplemental indenture, if any, when executed and delivered by
the Company and the Trustee, will constitute a valid and legally binding obligation of the Company, enforceable in accordance with its terms, subject to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or
affecting creditors’ rights and to general equity principles; 
 (3) 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 creditors’ rights and to general equity principles, and will be entitled to the benefits of this Indenture;

 (4) that the Company has the corporate power to issue such Securities, and has duly taken all necessary
corporate action with respect to such issuance; 
 (5) that the issuance of such Securities will not contravene
the charter or by-laws of the Company or result in any violation of any of the terms or provisions of any law or regulation or of any indenture, mortgage or other agreement by which the Company is bound and under which long-term debt of the Company
as reflected in its latest financial statements on file with the Securities and Exchange Commission is outstanding; and 
 (6) that all requirements of this Indenture applicable to the Company in respect of the execution and delivery by the Company of such Securities and of such supplemental indenture, if any, have been
complied with and that, assuming (a) all requisite corporate authorization on the part of the Trustee, (b) continued compliance by the Trustee with the terms of the Indenture specifically applicable to the Trustee, and (c) due
authentication and delivery of such Securities by the Trustee, the execution and delivery of such supplemental indenture, if any, will not violate the terms of this Indenture, and that, other than compliance with federal and state securities laws,
no authorization, approval or consent by any regulatory or statutory or other public authority is required in connection with the execution and delivery of such supplemental indenture or for the creation, issuance, authentication and delivery of the
Securities pursuant to this Indenture. 
 The Trustee shall have the right to decline to authenticate and deliver any Securities
under this Section if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the
Trustee. 
 Notwithstanding the provisions of Section 2.02 and of this Section 3.01, if all the Securities of a series
are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate or supplemental indenture otherwise required pursuant to Section 2.02 or the written order of the Company, Officers’
Certificate and Opinion of Counsel required pursuant to this Section 3.01 at or prior to the time of authentication of each Security of such series if such documents are delivered at or prior to the time of authentication upon original issuance
of the first Security of such series to be issued. 
 ARTICLE FOUR 

REDEMPTION OF SECURITIES; SINKING FUND 
 SECTION 4.01. Rights of Redemption. Redemption of Securities (other than pursuant to a sinking fund or analogous provision) permitted by the terms of any series of Securities shall be made in
accordance with such terms and Section 4.02; 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. 

  
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 SECTION 4.02. Notices of Redemption. The election of the Company to redeem any
Securities of any series shall be evidenced by or pursuant to a Board Resolution. If the Company shall elect to redeem the Securities of any series in whole or in part as aforesaid, it shall fix a date for redemption and give notice pursuant to
Section 1.02 of its election so to redeem at least 30 days prior to the redemption date. Such notice shall be sufficiently given to Holders of Bearer Securities if published in an Authorized Newspaper in The City of New York and, if the
Securities of such series are then listed on any stock exchange and such stock exchange shall so require, in any other required city outside the United States, or, if not practicable, elsewhere in Europe on a Business Day at least twice, the first
such publication to be not earlier than the earliest date, and not later than the latest date, prescribed for the giving of such notice. 
 Each notice of redemption shall state such election on the part of the Company, the Redemption Date and place of payment of the Securities, together in the case of Bearer Securities with all remaining
Coupons appertaining thereto, if any, to be redeemed and the Redemption Price and that the Securities designated in such notice for redemption are required to be presented on or after such Redemption Date, together in the case of Bearer Securities
with all remaining Coupons appertaining thereto, if any, and at such place for payment and that interest to the Redemption Date on the Securities and portions of Securities called for redemption will be paid as specified in said notice and shall
cease to accrue thereon on such date. If less than all the outstanding Securities of a series are to be redeemed, the notice shall also designate the Securities or portions of Securities that are to be redeemed. If any Security is to be redeemed in
part only, the notice shall also state that upon presentation of such Security on or after the Redemption Date at said place, such Security will be cancelled and a new Security or Securities of the same series, in an aggregate principal amount equal
to the unredeemed portion of such Security, will be issued and delivered without charge to the Holder; provided, however, that if a Global Security is so cancelled, the new Global Security will be in an aggregate principal amount equal to the
unredeemed portion of the Global Security so cancelled. 
 Notice of redemption having been so given, the Securities and
portions of Securities to be redeemed shall on the Redemption Date specified in such notice become due and payable at the applicable Redemption Price, together with interest accrued thereon to the Redemption Date, and from and after the Redemption
Date so specified (unless the Company shall default in the payment of the Redemption Price of such Securities or any such accrued interest), interest on such Securities and portions of Securities shall cease to accrue, and the Coupons for such
interest appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall be void, and upon presentation of such Securities, together in the case of Bearer Securities with all remaining Coupons appertaining
thereto, if any, at said place of payment and redemption in accordance with said notice, such Securities and portions of Securities shall be paid by the Company at the applicable Redemption Price, together with interest accrued to the Redemption
Date; provided that the installment of interest on Registered Securities whose Stated Maturity is on the Redemption Date shall be payable to the Holders of such Securities registered as such at the close of business on the applicable Record
Date, subject to the provisions of Section 2.01 and provided further, that installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only at an office or agency located
outside the United States and its possessions and, unless otherwise specified as contemplated by Section 2.02, only upon presentation and surrender of Coupons for such interest. 

If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant Coupons maturing after the Redemption Date,
such Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing Coupons, or the surrender of such missing Coupon or Coupons may be waived by the Company and the Trustee if there be furnished
to them such security or indemnity as they may require to save each of them and any paying agent harmless. If thereafter the Securityholder of such Security shall surrender to the Trustee or any paying agent any such missing Coupon in respect of
which a deduction shall have been made from the Redemption Price, such Securityholder shall be entitled to receive the amount so deducted; provided, however, that interest represented by Coupons shall be payable only at an office or agency
located outside the United States and its 

  
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possessions and, unless otherwise specified as contemplated by Section 2.02, only upon presentation and surrender of those Coupons, and provided further, that if the interest on such
Coupons is calculated on a floating interest rate, all Coupons maturing after the Redemption Date not accompanying Bearer Securities surrendered for redemption shall be null and void. 

If the Company shall at any time elect to redeem less than all the Securities of a series then outstanding, it shall at least 45 days
prior to the Redemption Date (unless a shorter notice shall be satisfactory to the Trustee) notify the Trustee of the principal amount of Securities to be redeemed, and thereupon the Trustee shall select, in such manner as the Trustee shall deem
appropriate and fair, the Securities (or portions thereof) of such series to be redeemed. Unless otherwise provided in the Officers’ Certificate or Supplemental Indenture provided for in Section 2.02, no Security of a denomination of
$1,000 shall be redeemed in part and Securities may be redeemed in part only in integral multiples of $ 1,000. The Trustee shall, as soon as practical, notify the Company in writing of the Securities and portions of Securities so selected.

 SECTION 4.03. Applicability of Sinking Fund. 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; 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. 
 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 4.04.

 SECTION 4.04. 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 (1) delivering to the Trustee outstanding Securities of such series in transferable form, together with, in the case of Bearer Securities, all
unmatured Coupons appertaining thereto, theretofore purchased or otherwise acquired by the Company or redeemed at the election of the Company pursuant to Section 4.01 or (2) receiving credit for Securities of such series (not previously so
credited) acquired by the Company and theretofore delivered to the Trustee for cancellation. The Trustee 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 not less than 45 days prior to the relevant sinking fund payment date a written notice signed on behalf of the Company by its Chairman of the Board of Directors, its President, any Vice Chairman, the Chief Financial Officer, the Chief
Accounting Officer, the Controller, the Treasurer, any Deputy Treasurer, any Assistant Treasurer, the General Counsel, the Deputy General Counsel or any Vice President 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 and cancelled) 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 funds. 
 SECTION 4.05. Optional
Redemption At Sinking Fund Redemption Fund Price. In addition to the sinking fund requirements of Section 4.04, 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 shall not be 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 not less than 45 days prior to the relevant sinking fund payment date a certificate signed by its Chairman of the Board of

  
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Directors, its President, any Vice Chairman, the Chief Financial Officer, the Chief Accounting Officer, the Controller, the Treasurer, any Deputy Treasurer, any Assistant Treasurer, the General
Counsel, the Deputy General Counsel or any Vice President stating that the Company will exercise such optional right, and specifying the amount which the Company will pay on or before the next succeeding sinking fund payment date. Such certificate
shall also state that no default has occurred and is continuing. 
 SECTION 4.06. Application of Sinking Fund Payments.
If the sinking fund payment or payments made in funds pursuant to either Sections 4.04 or 4.05 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 $50,000 (or a lesser sum if the Company shall so request, or such equivalent sum as set forth in the Officers’ Certificate or supplemental indenture provided for in Section 2.02 for Securities denominated other than in U.S.
dollars), it shall be applied by the Trustee on the sinking fund payment date next following the date of such payment, unless the date of such payment shall be a sinking fund payment date, in which case such payment shall be applied on such sinking
fund payment date, to the redemption of Securities of such series at the redemption price specified in Section 4.03. The Trustee shall select, 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 of the Securities to be given in substantially the
manner provided in Section 4.02 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 to the redemption of Securities of such series shall be added to the next sinking fund payment received in funds by the Trustee and, together with such payment, shall be applied in accordance with the provisions of this
Section 4.06. Any and all sinking fund moneys held by the Trustee 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 to the payment of the principal of the Securities of such series at maturity. 
 On or prior to each
sinking fund payment date, the Company shall pay to the Trustee a sum equal to all interest accrued to the date fixed for redemption on Securities to be redeemed on such sinking fund payment date pursuant to this Section 4.06. 

The Trustee shall not redeem any Securities of a series with sinking fund moneys or mail or provide 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 Default (other than a default occurring as a consequence of this paragraph) of which the
Trustee has actual knowledge, 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 shall redeem such Securities if funds sufficient for that
purpose shall be deposited with the Trustee in accordance with the terms of this Article Four. Except as aforesaid, any moneys in the sinking fund at the time any such Default shall occur and any moneys thereafter paid into the sinking fund shall,
during the continuance of such Default, be held as security for the payment of all the Securities of such series; provided, however, that in case such 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 4.06. 
 ARTICLE FIVE 
 COVENANTS OF THE COMPANY 

The Company hereby covenants and agrees as follows: 
 SECTION 5.01. Payment of Principal, Premium and Interest. The Company will duly and punctually pay the principal of and premium, if any, on each of the Securities, and the interest which shall have
accrued thereon, at the dates and place and in the manner provided in the Securities, any Coupons appertaining thereto and in this Indenture. Unless otherwise specified as contemplated by Section 2.02 with

  
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respect to any series of Securities, any interest due on Bearer Securities on or before Maturity shall be payable only outside the United States and its possessions upon presentation and
surrender of the several Coupons for such interest installments as are evidenced thereby as they severally mature. 
 SECTION
5.02. Maintenance of Office or Agency. As long as any of the Securities shall remain outstanding, the Company will maintain an office or agency in the Borough of Manhattan, The City of New York, where Securities (other than Bearer Securities,
except as provided below) may be presented for payment, exchange and registration of transfer as in this Indenture provided and where notices and demands to or upon the Company in respect of this Indenture and of the Securities, whether registered
or bearer, may be served. The Company will from time to time give written notice to the Trustee of the location of such office or agency and of any change in the location thereof. In case the Company shall fail to maintain any such office or agency
or to give such notice of its location or of any change in the location thereof, presentations and demands may be made and notices may be served at the Principal Office of the Trustee. The Company hereby initially designates the Principal Office of
the Trustee as its office or agency for all the above purposes. 
 If Securities of a series may be issuable as Bearer
Securities, the Company will maintain subject to any laws or regulations applicable thereto, in a place of payment for that series which is located outside the United States and its possessions, an office or agency where Securities of that series
and related Coupons may be presented and surrendered for payment (including payment of any additional amounts payable on Securities of that series); provided, however, that if the Securities of that series are listed on a stock exchange
located outside the United States and the rules of such stock exchange shall so require, the Company will maintain a paying agent for the Securities of that series in each city located outside the United States and its possessions, as required by
the rules and regulations of such stock exchange, so long as the Securities of that series are listed on such exchange. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of any such office or
agency. If at any time the Company shall fail to maintain any such required office or agency in respect of any series of Securities or shall fail to furnish the Trustee with the address thereof, such presentations, and surrenders of Securities of
that series may be made and notices and demands may be made or served at the Principal Office of the Trustee, except that Bearer Securities of that series and the related Coupons may be presented and surrendered for payment (including payment of any
additional amounts payable on Bearer Securities of that series) at the place specified for the purpose as contemplated by this Section 5.02, and the Company hereby appoints the Trustee as its agent to receive such respective presentations,
surrenders, notices and demands. 
 Except as otherwise provided in the form of Bearer Security of any particular series
pursuant to the provisions of this Indenture, no payment of principal, premium or interest on Bearer Securities shall be made at any office or agency of the Company in the United States or its possessions or by check mailed to any address in the
United States or its possessions or by transfer to an account maintained with a bank located in the United States or its possessions; provided, however, payment of principal of and any premium and interest denominated in U.S. dollars
(including additional amounts payable in respect thereof) on any Bearer Security may be made at an office or agency of, and designated by, the Company located in the United States or its possessions if (but only if) payment of the full amount of
such principal, premium, interest or additional amounts in U.S. dollars at all offices outside the United States or its possessions maintained for the purpose by the Company in accordance with this Indenture is illegal or effectively precluded by
exchange controls or similar restrictions. Unless otherwise provided as contemplated by Section 2.02 with respect to any series of Securities, at the option of the Securityholder of any Bearer Security or related Coupon, payment may be made by
check in the currency designated for such payment pursuant to the terms of such Bearer Security presented or mailed to an address outside the United States or by transfer to an account in such currency maintained by the payee with a bank located
outside the United States. 
 SECTION 5.03. Money for Security Payments to Be Held in Trust. If the Company shall at any
time act as its own paying agent with respect to any series of Securities, then, on or before the date on which the principal of and premium, if any, or interest on any of the Securities of that series and any appurtenant Coupons, by their terms or
as a result of the calling thereof for redemption shall become payable, the 

  
 21 

 
Company will set apart and segregate and hold in trust for the benefit of the Holders of such Securities a sum sufficient to pay such principal and premium, if any, or interest which shall have
so become payable and will notify the Trustee of its failure to act in that regard and of any failure by the Company or any other obligor upon the Securities of that series to make any such payment. If the Company shall appoint, and at the time
have, a paying agent for the payment of the principal of and premium, if any, or interest on any series of Securities and any appurtenant Coupons, then, on or before the date on which the principal of and premium, if any, or interest on any of the
Securities of that series and any appurtenant Coupons, shall become payable as aforesaid, whether by their terms or as a result of the calling thereof for redemption, the Company will pay to such paying agent a sum sufficient to pay such principal
and premium, if any, or interest, to be held in trust for the benefit of the Holders of such Securities. If such paying agent shall be other than the Trustee, the Company will 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 5.03, (1) that such paying agent shall hold all sums held by such paying agent for the payment of the principal of and premium,
if any, or interest on the Securities of that series and any appurtenant Coupons, in trust for the benefit of the Holders of such Securities until such sums shall be paid to the Holder of such Securities or otherwise disposed of as herein provided;
(2) that such paying agent shall 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 and premium, if any, or interest on the
Securities of that series and any appurtenant Coupons, when the same shall have become due and payable; and (3) that such paying agent shall, at any time during the continuance of any such default, upon the written request of the Trustee,
deliver to the Trustee all sums so held in trust by it. 
 Anything in this Section 5.03 to the contrary notwithstanding,
the Company may at any time, for the purpose of obtaining a release or satisfaction of this Indenture or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by it or by any paying agent other than the Trustee as
required by this Section 5.03, 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. 
 Any money deposited with the Trustee or any paying agent, or then held by the Company, in trust for the payment of the principal of and any premium or interest on any Securities of any series or Coupons
appertaining thereto and remaining unclaimed for two years after such principal and any premium or interest has become due and payable shall be paid to the Company on request by the Company, or (if then held by the Company) shall be discharged from
such trust; and the holder of such Securities or any Coupon appertaining thereto shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such paying agent with respect to
such trust money and all liability of the Company as trustee thereof shall thereupon cease; provided, however, that the Trustee or such paying agent, before being required to make any such repayment, may at the expense of the Company mail to
Holders of Registered Securities or cause to be published once, in a newspaper of general circulation in each place of payment or both, a notice that such money remains unclaimed and that after a date specified therein, which shall not be less than
30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

SECTION 5.04. Statement as to Compliance. The Company will deliver to the Trustee, within 120 days after the end of each fiscal
year, a written statement signed by any Vice Chairman, the Chief Financial Officer, the Chief Accounting Officer, the Controller, the Treasurer, any Deputy Treasurer or any Assistant Treasurer of the Company, stating that: 

(a) a review of the activities of the Company during such year with regard to its compliance with this Indenture has been made under such
officer’s supervision; and 
 (b) to the best of such officer’s knowledge, based on such review, the Company has
fulfilled all its obligations under Sections 5.01 to 5.03 of this Indenture throughout such year, or, if there has been a default (without regard to periods of grace or notice requirements) in the fulfillment of any such obligation, specifying each
such default known to such officer and the nature and status thereof. 

  
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 ARTICLE SIX 
 REMEDIES OF TRUSTEE AND SECURITYHOLDERS 
 SECTION 6.01. Events of
Default. The term “Event of Default” as used in this Indenture with respect to Securities of any series shall mean one of the following described events (whatever the reason for such Event of Default and whether it shall be voluntary
or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) unless it is either inapplicable to a particular series or it is
specifically deleted or modified in the supplemental indenture, if any, under which such series of Securities is issued: 
 (a)
the entry by a court having jurisdiction in the premises of a decree or order for relief in respect of the Company in an involuntary case under the Federal bankruptcy code, as now or hereafter constituted, or any other applicable Federal or State
bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or for substantially all of its property, or ordering the
winding-up or liquidation of its affairs and such decree or order shall remain unstayed and in effect for a period of 90 consecutive days; 
 (b) the commencement by the Company of a voluntary case under the Federal bankruptcy code, as now or hereafter constituted, or any other applicable Federal or State bankruptcy laws, insolvency or other
similar law now or hereafter in effect, or the consent by the Company to the entry of an order for relief in an involuntary case under any such law, or the consent by the Company to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian or sequestrator (or similar official) of the Company or for substantially all of its property, or the making by it of an assignment for the benefit of creditors; or 

(c) the occurrence of any other Event of Default with respect to Securities of such series as provided in a supplemental indenture, Board
Resolution or Officers’ Certificate applicable to such series of Securities. 
 SECTION 6.02. Acceleration of
Maturity. If any one or more of the above-described Events of Default 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 25% or more in 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 all the Securities of such series then outstanding, if not then due and payable, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by such
Holders), and upon any such declaration the same shall become and be immediately due and payable, anything in this Indenture or in the Securities of such series contained to the contrary notwithstanding. This provision, however, is subject to the
condition that, if at any time after the principal of all the Securities of such series shall have been so declared to be due and payable, all arrears of interest, if any, upon all the Securities of such series (with interest, to the extent that
interest thereon shall be legally enforceable, on any overdue installment 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 10.01(a) and all
other sums payable under this Indenture (except the principal of the Securities of such series which would not be due and payable were it not for such declaration), shall be paid by the Company, and every other Default under this Indenture, other
than the non-payment of the principal of Securities of that series which have become due solely by such declaration of acceleration, shall have been made good to the reasonable satisfaction of the Trustee or of the Holders of a majority in principal
amount of the Securities of such series then outstanding, or provision deemed by the Trustee or by such Holders to be adequate therefor shall have been made, then and in every such case the Holders of a majority in principal amount of the Securities
of such series then outstanding may, on behalf of the Holders of all the Securities of such series, waive the Event of Default by reason of which the principal of the Securities of such series shall have been so declared to be due and payable and
may rescind and annul such declaration and its consequences; but no such waiver, rescission or annulment shall extend to or affect any subsequent Event of Default or impair any right consequent thereon. Any declaration by the

  
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Trustee pursuant to this Section 6.02 shall be by written notice to the Company, and any declaration or waiver by the Holders of Securities of any series pursuant to this Section 6.02
shall be by written notice to the Company and the Trustee. 
 SECTION 6.03. Collection of Indebtedness and Suits for
Enforcement by Trustee. If the Company shall fail for a period of 30 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 (otherwise than pursuant to a sinking fund) by declaration as authorized by this Indenture, or otherwise, or shall fail for a period of 30 days to make any
sinking fund payment as to a series of Securities, then, upon demand of the Trustee, the Company will pay to the Trustee for the benefit of the Holders of Securities of such series or Coupons appertaining thereto, then outstanding the whole amount
which then shall have become due and payable on any such Security or Coupon, 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 10.01(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 10.01(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 Coupons or this Indenture may be enforced by the Trustee without the possession of any of the Securities or
Coupons and without the production of any thereof at any trial or any proceeding relative thereto. 
 If a Default with respect
to any series of Securities occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee
shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture, or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

 SECTION 6.04. Trustee to File Claims As Attorney-In-Fact. The Trustee is hereby appointed, and each and every Holder
of the Securities and Coupons, by receiving and holding the same, shall be conclusively deemed to have appointed the Trustee, the true and lawful attorney-in-fact of such Holder, with authority to make or file (whether or not the Company shall be in
default in respect of the payment of the principal of, or interest on, any of the Securities), in its own name and as trustee of an express trust or otherwise as it shall deem advisable, in any receivership, insolvency, liquidation, bankruptcy,
reorganization or other judicial proceeding relative to the Company or any other obligor upon the Securities or to their respective creditors or property, any and all claims, proofs of claim, proofs of debt, petitions, consents, other papers and
documents and amendments of any thereof, as may be necessary or advisable in order to have the claims of the Trustee and any predecessor trustee hereunder and of the Holders of the Securities allowed in any such proceeding and to collect and receive
any moneys or other property payable or deliverable on any such claim, and to execute and deliver any and all other papers and documents and to do and perform any and all other acts and things, as it may deem necessary or advisable in order to
enforce in any such proceeding any of the claims of the Trustee and any predecessor trustee hereunder and of any of such Holders in respect of any of the Securities; and any receiver, assignee, trustee, custodian or debtor in any such proceeding is
hereby authorized, and each and every taker or Holder of the Securities, by receiving and holding the same, shall be conclusively deemed to have authorized any such receiver, assignee, trustee, custodian or debtor, to make any such payment or
delivery only to or on the order of the Trustee, and to pay to the Trustee any amount due it 

  
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and any predecessor trustee hereunder under Section 10.01(a); provided, however, that 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 or Coupons, any plan of reorganization or readjustment of the Company 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 6.05. Application of Money Collected. Any
moneys collected by the Trustee with respect to a series of Securities under this Article Six shall be applied in the order following, at the date or dates fixed by the Trustee for the distribution of such moneys, upon presentation of the several
Securities, and standing thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: 

First: To the payment of all amounts due to the Trustee and any predecessor trustee hereunder under Section 10.01(a).

 Second: Subject to Article Fourteen, in case the principal of the outstanding Securities of such series and
Coupons appertaining thereto shall not have become due and be unpaid, to the payment of interest on the Securities of such series and Coupons appertaining thereto, in the order of the maturity of the installments of such interest, with interest (to
the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the rate borne by such Securities, such payments to be made ratably to the persons entitled thereto. 

Third: Subject to Article Fourteen, 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. 

SECTION 6.06. Control by Holders; Waiver of Past Default. 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 Sections 10.01 and 10.02, 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 or would be unduly prejudicial to Holders not joining in such direction or would involve the Trustee in personal liability. Prior to any declaration accelerating the maturity of the Securities of any series, the
Holders of a majority in aggregate principal amount of such series of Securities at the time outstanding may on behalf of the Holders of all of the Securities of such series waive any past default hereunder and its consequences except a default not
theretofore cured in the payment of interest or any premium on or the principal of the Securities of such series or in respect of any covenant or provision hereof which under Article Thirteen cannot be modified or waived without the consent of the
Holder of each outstanding Security of each series 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, but
no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. Whenever any default hereunder shall have been waived as permitted by this Section 6.06, said default shall for all purposes of the Securities of
such series and this Indenture cease to exist, and any Default or Event of Default arising therefrom shall be deemed to have been cured and to be not continuing. 

  
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 SECTION 6.07. Limitation on Suits; Default. No Holder of any Security of any series
or any related Coupons 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
a Default with respect to such series of Securities, unless such Holder previously shall have given to the Trustee written notice of the happening of one or more of the Defaults herein specified with respect to such series of Securities, and unless
also the Holders of 25% in 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, and unless also there shall have been offered to the
Trustee security and indemnity satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for 60 days after receipt of such notification, request and offer of indemnity, shall have neglected or
refused to institute any such action, suit or proceeding; and such notification, request and offer of 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 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 and ratable benefit of all Holders of the outstanding Securities of such series; provided,
however, that nothing contained 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, and premium, if any, and interest on the
Securities of such series or Coupons appertaining thereto to the respective Holders of such Securities or Coupons 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. 
 The following events shall be “Defaults” with respect to
any series of Securities under this Indenture: 
 (a) an Event of Default with respect to such series specified in
Section 6.01; or 
 (b) the failure of the Company to pay any installment of interest on any Security of such series, when
and as the same shall become payable, which failure shall have continued unremedied for a period of 30 days; or 
 (c) the
failure of the Company to pay the principal of (and premium, if any, on) any Security of such series, when and as the same shall become payable, whether at maturity as therein expressed, by call for redemption (otherwise than pursuant to a sinking
fund), by declaration as authorized by this Indenture or otherwise, whether or not permitted by Article Fourteen; or 
 (d) the
failure of the Company to pay a sinking fund installment, if any, when and as the same shall become payable by the terms of a Security of such series, which failure shall have continued unremedied for a period of 30 days, whether or not permitted by
Article Fourteen; or 
 (e) the failure of the Company, subject to the provisions of Section 15.01, to observe and perform
any other of the covenants or agreements on the part of the Company contained in this Indenture (including any indenture supplemental hereto) (other than a covenant or agreement which has been expressly included in this Indenture solely for the
benefit of a series of Securities other than that series), which failure shall not have been remedied to the satisfaction of the Trustee, or without provision deemed by the Trustee to be adequate for the remedying thereof having been made, for a
period of 90 days after written notice shall have been given to the Company by the Trustee or shall have been given to the Company and the Trustee by Holders of 25% or more in aggregate principal amount of the Securities of such series then
outstanding, specifying such failure and requiring the Company to remedy the same; or 
 (f) any other Default provided with
respect to Securities of that series. 

  
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 SECTION 6.08. Costs and Attorneys’ Fees in Legal Proceedings. All parties to
this Indenture and the Holders of the Securities agree that the 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, 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 6.08 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 or Coupons outstanding, or to any action, suit or proceeding instituted by any Holder of Securities or Coupons for the enforcement of the payment of the principal of or premium, if any, or the
interest on, any of the Securities or Coupons, on or after the respective due dates expressed in such Securities or Coupons. 

SECTION 6.09. Remedies Cumulative. Except as provided in the last sentence of Section 2.06, no remedy herein conferred upon
or reserved to the Trustee or to the Holders of Securities of any series or Coupons 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 or Coupons to exercise any right or power accruing upon any Default shall impair any such
right or power or shall be construed to be a waiver of any such Default or an acquiescence therein; and every power and remedy given by this Article Six to the Trustee and to the Holders, respectively, may be exercised from time to time and as often
as may be deemed expedient by the Trustee or by the Holders, as the case may be. In case the Trustee or any Holder of Securities or Coupons 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, then and in every such case the Company, the Trustee and the Holders 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 shall continue as though no such proceedings had been instituted, except as to any
matters so waived or adjudicated. 
 SECTION 6.10. Waiver of Stay or Extension Laws. The Company covenants (to the extent
that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may
affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the
execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no law had been enacted. 
 ARTICLE SEVEN 
 CONCERNING THE SECURITYHOLDERS 

SECTION 7.01. Acts of Holders. 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 (a) by any instrument or any number of instruments of similar tenor executed by Securityholders in person or by agent or proxy
appointed in writing, or (b) by the record of the Holders of Securities voting in favor thereof at any meeting of Securityholders duly called and held in accordance with the provisions of Article Eight, or (c) by a combination of such instrument or
instruments and any such record of such a meeting of Securityholders. 

  
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 SECTION 7.02. Proof of Execution of Instrument and Holding of Securities. Proof of
the execution of any instrument by a Securityholder or his 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: 

The fact and date of the execution by any person of any such instrument may be proved (a) 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 (b) 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 individual capacity, such certificate or
affidavit shall also constitute sufficient proof of his authority. 
 The ownership of Registered Securities shall be proved by
the register of such Securities or by a certificate of the registrar thereof. 
 The principal amount and serial numbers of
Bearer Securities held by any person, and the date of holding the same, may be proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank or other depositary, wherever situated, if such
certificate shall be deemed by the Trustee to be satisfactory, showing that at the date therein mentioned such person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein described; or such facts may be proved by
the certificate or affidavit of the person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any Bearer Security continues
until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other person, or (3) such Bearer Security is
surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer Outstanding. 
 The fact and
date of execution of any such instrument or writing, the authority of the person executing the same and the principal amount and serial numbers of Bearer Securities held by the person so executing such instrument or writing and the date of holding
the same may also be proved in any other manner which the Trustee deems sufficient; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this Section. 

The Trustee may accept such other proof or may require such additional proof of any matter referred to in this Section 7.02 as it
shall deem appropriate or necessary. 
 SECTION 7.03. Securities Owned by Company or Other Obligor. In determining
whether the Holders of the requisite principal amount of the Securities have concurred in any direction, request, waiver or consent under this Indenture, Securities which are owned by the Company or by any other obligor on the Securities or by any
person directly or indirectly controlling, or controlled by, or under direct or indirect common control with, the Company or any such other obligor shall be disregarded, except that for the purpose of determining whether the Trustee shall be
protected in relying on any such direction, request, waiver or consent, only Securities which the Trustee knows are so owned shall be disregarded. Securities so owned which have been pledged in good faith may be regarded as outstanding for the
purposes of this Section 7.03 if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right to vote such Securities and that the pledgee is not a person directly or indirectly controlling, or controlled by, or under
direct or indirect common control with, the Company or any such other obligor. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee. 

In determining whether the Holders of the requisite principal amount of the outstanding Securities have given any direction, request,
waiver or consent under this Indenture, the principal amount of an Original Issue Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of
such determination upon a declaration of acceleration of the maturity thereof pursuant to Section 6.02. 

  
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 SECTION 7.04. Revocation by Holders of Consents to Action. At any time prior to (but
not after) the evidencing to the Trustee, as provided in Section 7.01, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Securities or of any series of Securities specified in this Indenture in
connection with such action, any Holder of a Security which is shown by the evidence to be included in the Securities the Holders of which have consented to such action may, by filing written notice with the Trustee at its principal office and upon
proof of holding as provided in Section 7.02, revoke such action so far as concerns such Security. Except as aforesaid, any such action taken by the Holder of any Security shall be conclusive and binding upon such Holder and upon all future
Holders and owners of such Security, irrespective of whether or not any notation in regard thereto is made upon such Security or any Security issued in exchange or substitution therefor. 

ARTICLE EIGHT 
 SECURITYHOLDERS’ MEETINGS 
 SECTION 8.01. Purposes of Meetings.
A meeting of Securityholders may be called at any time and from time to time pursuant to the provisions of this Article Eight 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, and any Default or Event of Default arising therefrom,
hereunder and its consequences, or to take any other action authorized to be taken by Securityholders pursuant to any of the provisions of Article Six; 
 (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article Ten; 
 (c) to consent to the execution of an indenture or indentures supplemental hereto pursuant to the provisions of Section 13.02; 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 8.02. Call of Meetings by Trustee. The Trustee may at any time call a meeting of Securityholders of all series that may be affected by the action proposed to be taken, to take any action
specified in Section 8.01, to be held at such time and at such place in the Borough of Manhattan, The City of New York, or in London, 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 given in the manner provided in Section 1.02, not less than 20 nor more than 90 days prior to the date fixed for the meeting.

 SECTION 8.03. Call of Meetings by Company or Holders. In case at any time the Company, pursuant to a resolution of its
Board of Directors, or the Holders of at least 10% in aggregate principal amount of the Securities of a series 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, 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 days after receipt of such request, then
the Company or such Securityholders may determine the time and the place in the Borough of Manhattan or London as they shall determine for such meeting and may call such meeting to take any action authorized in Section 8.01, by giving notice
thereof as provided in Section 8.02. 
 SECTION 8.04. 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 of a series 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. 

  
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 SECTION 8.05. Regulations for Meeting. Notwithstanding any other provisions of this
Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Securityholders, in regard to proof of the holding of Securities and of the appointment of proxies, and in regard to the appointment and duties
of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. 

The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by
the Company or by Securityholders as provided in Section 8.03, in which case the Company or the Securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
secretary of the meeting shall be elected by majority vote of the meeting. 
 Subject to the provisions of Section 7.03, at
any meeting of Securityholders of a series each Securityholder of such series or such Securityholder’s proxy shall be entitled to one vote for each $ 1,000 principal amount of Securities of such series outstanding held or represented by him;
provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not outstanding and ruled by the chairman of the meeting to be not outstanding. The chairman of the meeting shall have no right
to vote other than by virtue of Securities of such series held by him or instruments in writing as aforesaid duly designating him as the person to vote on behalf of other Securityholders of such series. At any meeting of the Securityholders duly
called pursuant to the provisions of Section 8.02 or 8.03 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.

 SECTION 8.06. Voting. The vote upon any resolution submitted to any meeting of Securityholders of a series affected by
the action proposed to be taken at the meeting 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 8.02. 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 8.07. No Delay of Rights by Meeting. Nothing contained in this Article Eight 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. 

  
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 ARTICLE NINE 
 REPORTS BY THE COMPANY AND THE TRUSTEE AND SECURITYHOLDERS LISTS 
 SECTION
9.01. Reports by Trustee. (a) The Trustee shall transmit or otherwise make available to the Holders of Securities, as hereinafter provided, on or before May 15, 2002 and on or before May 15 in each year thereafter, a brief
report as of the preceding March 15 as and to the extent required by Section 313(a) of the Trust Indenture Act of 1939. 
 (b) The Trustee shall transmit or otherwise make available to the Holders of Securities, as hereinafter provided, a brief report as and to the extent required by Section 313(b) of the Trust Indenture
Act of 1939. 
 (c) Each report pursuant to the provisions of this Section 9.01 shall be transmitted by mail as and to the
extent required by Section 313(c) of the Trust Indenture Act of 1939. 
 (d) The Trustee shall, at the time of the
transmission to the Holders of Securities of any report pursuant to the provisions of this Section 9.01, file a copy of such report with each stock exchange upon which the Securities are listed and also with the Securities and Exchange
Commission. The Company agrees to notify the Trustee when, as and if the Securities become listed on any stock exchange. 

Reports pursuant to this Section shall be transmitted by mail (1) to all Securityholders of Registered Securities, as their names
and addresses appear in the security register and (2) to such Securityholders of Bearer Securities as have, within the two years preceding such transmission, filed their names and addresses with the Trustee for that purpose, and (3) except
in the cases of reports under Section 313(b)(2) of the Trust Indenture Act, to each Holder of a Security of any series whose name and address appear in the information preserved at the time by the Trustee in accordance with
Section 9.03(b). 
 The Company will reimburse the Trustee for all expenses incurred in the preparation and transmission of
any report pursuant to the provisions of this Section 9.01 and of Section 9.02. 
 SECTION 9.02. Reports by
Company. (a) The Company will file with the Trustee, within 30 days after the Company shall be required so to file the same with the Securities and Exchange Commission, copies of the annual reports and of the information, documents and
other reports which the Company may be required to file with the Securities and Exchange Commission pursuant to the provisions of Section 13 or Section 15(d) of the Securities Exchange Act of 1934 (or copies of such portions of any of the
foregoing as the Securities and Exchange Commission may by rules and regulations prescribe); or, if the Company is not required to file information, documents or reports pursuant to the provisions of either of such Sections, then the Company will
file with the Trustee and the Securities and Exchange Commission, in accordance with rules and regulations prescribed by the Securities and Exchange Commission, such of the supplementary and periodic information, documents and reports which may be
required pursuant to the provisions of Section 13 of the Securities Exchange Act of 1934, in respect of a security listed and registered on a national securities exchange, as may be prescribed in such rules and regulations. 

(b) The Company will file with the Trustee and the Securities and Exchange Commission, in accordance with rules and regulations
prescribed by the Securities and Exchange Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided for in this Indenture as may be required by such rules and
regulations. 
 (c) The Company will transmit to the Holders of Registered Securities, and make available for inspection at the
offices of its agents specified for such purpose, within 30 days after the filing thereof with the Trustee (unless some other time shall be fixed by the Securities and Exchange Commission), in the manner and to the extent provided in subdivision (c)
of Section 9.01, such summaries of any information, documents and reports required to be filed by the Company pursuant to the provisions of subdivisions (a) and (b) of this Section 9.02 as may be required by rules and regulations prescribed by the
Securities and Exchange Commission. 

  
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 SECTION 9.03. Securityholders List. (a) The Company covenants and agrees that it
will furnish or cause to be furnished to the Trustee: 
 (1) semi-annually, within 15 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 Registered Securities to which such Record Date applies, as of such Record Date;
and 
 (2) at such other times as the Trustee may request in writing, within 30 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 days prior to the time such list is furnished; 

provided, however, that so long as the Trustee shall be the Security registrar, such list shall not be required to be furnished. 

(b) The Trustee will preserve, in as current form as is reasonably practicable, all information as to the names and addresses of Holders
of Securities so furnished or caused to be furnished to it by the Company or received by it in its capacity as paying agent or Security registrar. The Trustee may (1) destroy any information furnished to it as provided in subdivision
(a) of this Section 9.03 upon receipt of new similar information so furnished to it and (2) destroy any information received by it as paying agent or Security registrar, but not until 45 days after a subsequent interest payment shall
have been made. 
 (c) Within five business days after receipt by the Trustee of a written application by any three or more
Holders of Securities stating that such Holders (hereinafter in this subdivision (c) called “such applicants”) desire to communicate with other Holders of Securities with respect to their rights under this Indenture or under the
Securities, and accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, and by reasonable proof that each such applicant has owned a Security for a period of at least six months preceding the date
of such application, the Trustee will, at its election, either 
 (1) afford to such applicants access to all
information furnished to, or received by, and preserved by, the Trustee pursuant to the provisions of this Section 9.03; or 
 (2) inform such applicants as to the approximate number of Holders of Securities according to the most recent information so furnished to, or received by, and preserved by, the Trustee, and as to the
approximate cost of mailing to such Holders of Securities the form of proxy or other communication, if any, specified in such application. 
 If the Trustee shall elect not to afford to such applicants access to such information, the Trustee shall, upon the written request of such applicants, mail to all Holders of Registered Securities whose
names and addresses are contained in the information so furnished to, or received by, and preserved by, the Trustee copies of the form of proxy or other communication which is specified in such request, with reasonable promptness after a tender to
the Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of such mailing, unless, within five days after such tender, the Trustee shall mail to such applicants, and file with the Securities
and Exchange Commission, together with a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would be contrary to the best interests of the Holders of Securities or would be in
violation of applicable law. Such written statement shall specify the basis of such opinion. If the Securities and Exchange Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an
order refusing to sustain any of the objections specified in the written statement so filed, or if, after the entry of an order sustaining one or more of such objections, the Securities and Exchange Commission shall find, after notice and
opportunity for hearing, that all objections so sustained have been met, and shall enter an order so declaring, the Trustee shall mail copies of such material to all such Holders of Securities with reasonable promptness after the entry of such order
and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or duty to such applicants respecting their application. 

  
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 Each and every Holder of a Security, by receiving and holding the same, agrees with the
Company and the Trustee that neither the Company nor the Trustee shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance with the provisions of this
subdivision (c), regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under this subdivision (c). 

ARTICLE TEN 

CONCERNING THE TRUSTEE 
 SECTION 10.01. Acceptance of Trusts Upon Specified Conditions. 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 Trustee shall be entitled to
reasonable compensation for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust), and such compensation, as well as the reasonable
compensation of its counsel, and all other reasonable expenses, disbursements and advances incurred or made by the Trustee hereunder, the Company agrees to pay promptly on demand from time to time as such services shall be rendered and as such
expenses shall be incurred. The Company also agrees to indemnify each of the Trustee and any predecessor trustee hereunder for, and to hold it harmless against, any loss, liability or expense incurred without its own negligence or bad faith, arising
out of or in connection with the acceptance or administration of the trust or trusts hereunder and the performance of its duties, as well as 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. As security for the performance of the obligations of the Company under this subdivision (a), the Trustee shall have a lien therefor on any moneys held by the Trustee hereunder prior to any
rights therein of the Holders of the Securities. Notwithstanding any provisions of this Indenture to the contrary, the obligations of the Company to indemnify the Trustee under this Section 10.01(a) shall survive the resignation or removal of
the Trustee or any satisfaction and discharge under Article Eleven. 
 (b) The Trustee may execute any of the trusts or powers
hereof and perform any duty hereunder either directly or by its agents and attorneys and shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

(c) The Trustee shall not be responsible in any manner whatsoever for the correctness of the recitals contained herein or in the
Securities (except its certificates of authentication thereon), all of which are made by the Company solely; 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. The Trustee shall not be accountable for the use or application by the Company of
any Securities, or the proceeds of any Securities, authenticated and delivered by the Trustee in conformity with the provisions of this Indenture. 
 (d) The Trustee may consult with counsel, and, to the extent permitted by Section 10.02, the written advice of such counsel or any Opinion of Counsel shall be full and complete authorization and
protection in respect of any action taken or suffered by the Trustee hereunder in good faith and in accordance with such advice of counsel or Opinion of Counsel. 
 (e) The Trustee, to the extent permitted by Section 10.02, may rely upon the certificate of the Secretary or one of the Assistant Secretaries of the Company as to the adoption of any resolution by the
Board 

  
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of Directors or 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, offering or omitting any action hereunder, the Trustee may rely upon, an Officers’ Certificate (unless other evidence in respect thereof
be herein specifically prescribed). 
 (f) 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 10.06 and 10.09, may otherwise deal with the Company with the same rights it would have had if it were not a Trustee or such agent. 

(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 any money received by it hereunder except as otherwise agreed with the Company. 
 (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) Subject to the provisions of Section 10.02, the Trustee may rely and shall be protected in
acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, debenture or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties. 
 (j) Subject to the provisions of Section 10.02, 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 to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be incurred by it therein or thereby. 
 (k) Subject to the provisions of Section 10.02, the Trustee shall not be liable for any action taken or omitted 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. 
 (1) Subject to the provisions of the first paragraph of
Section 10.02, 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, consent, order, approval, bond, debenture or other
paper or document. 
 (m) Subject to the provisions of Section 10.02, the Trustee shall not be deemed to have knowledge or
notice of any Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless the Holders of not less than 25% of the Outstanding Securities of any series notify the Trustee thereof. 

SECTION 10.02. Duties of Trustee in Case of Default. If one or more of the Defaults specified in Section 6.07 with respect to
the Securities of any series shall have happened, then, during the continuance thereof, the Trustee shall, with respect to the Securities of such series, exercise such of the rights and powers vested in it by this Indenture, and shall use the same
degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 
 None of the provisions of this Indenture shall be construed as relieving the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except
that, anything in this Indenture contained to the contrary notwithstanding, 

  
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 (a) unless and until a Default specified in Section 6.07 with respect to the Securities
of any series shall have happened which at the time is continuing, 
 (1) 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 
 (2) the Trustee may conclusively
rely, as to the truth of the statements and the correctness of the opinions expressed therein, in the absence of bad faith on the part of the Trustee, upon certificates and opinions furnished to it pursuant to the express provisions of this
Indenture; but 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; 
 (b) 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 or Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(c) 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 Security Holders given as provided in Section 6.06, 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. 
 None of the provisions of this Indenture shall be construed as requiring the
Trustee to expend or risk its own funds or otherwise to incur any personal financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing
that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 SECTION
10.03. Notice of Default. Within 90 days after the occurrence thereof, the Trustee shall give to the Holders of the Securities of a series, as provided in subdivision (c) of Section 9.01, notice of each Default with respect to the
Securities of such series known to the Trustee, unless such Default shall have been cured before the giving of such notice (the term “Default” for the purposes of Section 10.01(m) and this Section 10.03 being hereby defined to be
the events specified in Section 6.07, which are, or after notice or lapse of time or both would become, Defaults as defined in said Section); but, unless such Default be the failure to pay the principal of, or premium, if any, or interest on
any of the Securities of such series or Coupons appertaining thereto 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 the board of directors, the executive committee or a trust committee of directors 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
or Coupons. 
 SECTION 10.04. Resignation of Trustee. 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 and by mailing notice thereof to the Holders of Securities of such series at their
addresses as the same shall then appear in the register of the Company and, if Securities of such series are issuable as Bearer Securities, by publishing notice of such event once in an Authorized Newspaper in each place of payment for the
Securities of such series located outside the United States. 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 by the filing with such Trustee and the delivery to the Company of an instrument or instruments in writing signed 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. 

  
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 Upon its resignation or removal, any Trustee shall be entitled to the payment of reasonable
compensation for the services rendered hereunder by such Trustee and to the payment of all reasonable expenses incurred hereunder and all moneys then due to it hereunder. The Trustee’s rights to indemnification provided in Section 10.01(a)
shall survive its resignation or removal. 
 SECTION 10.05. Qualifications of Trustee. There shall at all times be a
Trustee under this Indenture, and such Trustee shall at all times be a corporation organized and doing business under the laws of the United States of America or of any State, in good standing and having an office in the Borough of Manhattan, The
City of New York, which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by Federal or State authority and which has a combined capital and surplus of not less than $25,000,000. For the
purposes of this Section 10.05, the combined capital and surplus of any such Trustee shall be deemed to be the combined capital and surplus as set forth in the most recent report of its condition published by such Trustee, provided that such
reports are published at least annually, pursuant to law or to the requirements of a Federal or State supervising or examining authority. If such Trustee or any successor shall at any time cease to have the qualifications prescribed in this
Section 10.5, it shall promptly resign as Trustee hereunder. Neither the Company nor any person directly or indirectly controlling, controlled by or under common control with the Company shall serve as trustee upon the Securities. 

SECTION 10.06. Disqualification of Trustee. The Trustee shall be subject to the provisions of Section 310(b) of the Trust
Indenture Act of 1939 during the period of time provided for therein. In determining whether the Trustee has a conflicting interest as defined in Section 310(b) of the Trust Indenture Act of 1939 with respect to the Securities of any series,
there shall be excluded for purposes of the conflicting interest provisions of such Section 310(b) the Securities of every other series issued under this Indenture. Nothing herein shall prevent the Trustee from filing with the Commission the
application referred to in the second to last paragraph of Section 310(b) of the Trust Indenture Act of 1939. 
 SECTION
10.07. Appointment of Trustee. In case at any time the Trustee shall resign, or shall be removed (unless the Trustee shall be removed as provided in Section 310(b)(iii) of the Trust Indenture Act of 1939, in which event the vacancy shall be
filled as provided in said Section), or shall become incapable of acting, or shall be adjudged a 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 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, one original thereof with the Company and the other
with the successor Trustee; but, until a successor Trustee shall have been so appointed by the Holders of Securities of that or those series as herein authorized, the Company by a resolution of its Board of Directors, 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 Federal bankruptcy laws, as now or hereafter constituted), 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 10.04, 10.05 and 10.6, upon the appointment as aforesaid 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 of the Company; but any successor Trustee with 

  
 36 

 
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. 

If any Trustee with respect to the Securities of one or more series shall resign because of conflict of interest as provided in
Section 310(b)(i) of the Trust Indenture Act of 1939 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 days after such appointment shall have been made, the resigning Trustee 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 10.07 within three months after such appointment might have been made hereunder, the Holder of any Security of the applicable series or any retiring Trustee 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. 

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. Nevertheless, on the written request of the Company or of the successor Trustee or of the Holders of at least 10% in 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; and, upon request of any such successor Trustee, 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. 
 SECTION 10.08. Merger, Conversion or Consolidation of Trustee; Successor Trustee. Any corporation into which the Trustee or any successor to it in the trusts created by this Indenture shall be
merged or converted, or any corporation with which it or any successor to it shall be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee or any such successor to it shall be a party, or any
corporation 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. 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, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Securities so authenticated; and in case at that time any of the Securities
shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases such 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 10.09. Trustee as Creditor of Company. If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to the
provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Company (or any such other obligor). 

  
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 SECTION 10.10. Trustee May Rely on Officer’s Certificate. Subject to
Section 10.02, and subject to the provisions of Section 15.03 with respect to the 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 negligence or bad faith on the part of the Trustee, be
deemed to be conclusively proved and established by an Officers’ Certificate with respect thereto delivered to the Trustee, and such Officers’ Certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full
warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. 
 ARTICLE ELEVEN 
 SATISFACTION AND DISCHARGE; DEFEASANCE 

SECTION 11.01. Satisfaction and Discharge of Indenture. This Indenture shall upon request of the Company cease to be of further
effect with respect to Securities of any series (except as to any surviving rights of registration of transfer or exchange of Securities of such series and replacement of lost, stolen or mutilated Securities of such series herein expressly provided
for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 
 (a) either 
 (1) all Securities theretofore authenticated and
delivered (other than (i) Securities which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.06, (ii) Securities for whose payment money has theretofore been deposited in trust or
segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 5.03, (iii) Coupons appertaining to Bearer Securities surrendered for exchange for Registered Securities
and maturing after such exchange, whose surrender is not required or has not been waived as provided in Section 2.05, and (iv) Coupons appertaining to Bearer Securities called for redemption and maturing after the relevant Redemption Date,
whose surrender has been waived as provided in Section 4.02) have been delivered to the Trustee for cancellation; or 
 (2) all such Securities not theretofore delivered to the Trustee for cancellation 
 (i) have become due and payable, or 
 (ii) will become due and
payable at their Stated Maturity within one year, or 
 (iii) are to be called for redemption within one year
under arrangements satisfactory to the Trustee for the giving of redemption by the Trustee in the name, and at the expense, of the Company, 

and the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for the
purpose an amount sufficient to pay and discharge the entire indebtedness on such Securities and Coupons not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest to the date of such deposit (in the
case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 

  
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 (b) the Company has paid or cause to be paid all other sums payable hereunder with respect
to such series by the Company; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 10.01(a) and, if money shall have been deposited with the Trustee
pursuant to subclause (2) of clause (a) of this Section, the obligations of the Trustee under Sections 5.03 and 11.02 shall survive. 
 SECTION 11.02. Defeasance and Discharge. The following provisions shall apply to the Securities of each series unless specifically otherwise provided in a Board Resolution, Officers’
Certificate or indenture supplemental hereto provided pursuant to Section 2.02. In addition to discharge of this Indenture pursuant to Sections 11.01 and 11.03, in the case of any series of Securities with respect to which an amount sufficient
to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest, as certified pursuant to subparagraph (a) of Section 11.04 can be
determined at the time of making the deposit referred to in such subparagraph (a), the Company shall be deemed to have paid and discharged the entire indebtedness on all the Securities of such series as provided in this Section on and after the date
the conditions set forth in Section 11.04 are satisfied, and the provisions of this Indenture with respect to the Securities of such series shall no longer be in effect (except as to (i) rights of registration of transfer and exchange of
Securities of such series, (ii) substitution of mutilated, defaced, destroyed, lost or stolen Securities of such series, (iii) rights of Holders of Securities of such series to receive, solely from the trust fund described in subparagraph
(a) of Section 11.04, payments of principal thereof and interest, if any, thereon upon the original stated due dates therefor (but not upon acceleration) and remaining rights of the Holders of Securities of each series to receive mandatory
sinking fund payments, if any, (iv) the rights, obligations, duties and immunities of the Trustee hereunder, (v) this Section 11.02 and (vi) the rights of the Holders of Securities of such series as beneficiaries hereof with
respect to the property so deposited with the Trustee payable to all or any of them) (hereinafter called “Defeasance”), and the Trustee at the cost and expense of the Company, shall execute proper instruments acknowledging the same.

 SECTION 11.03. Covenant Defeasance. In the case of any series of Securities with respect to which an amount sufficient
to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest, as certified pursuant to subparagraph (a) of Section 11.04 can be determined
at the time of making the deposit referred to in such subparagraph (a), (i) the Company shall be released from its obligations under any covenants or agreements specified in or pursuant to this Indenture, except as to (A) rights of registration of
transfer and exchange of Securities of such series, (B) substitution of mutilated, defaced, destroyed, lost or stolen Securities of such series, (C) rights of Holders of Securities of such series to receive, from the Company pursuant to Section
5.01, payments of principal thereof and interest, if any, thereon upon the original stated due dates therefor (but not upon acceleration), and mandatory sinking fund payments, if any, (D) the rights, obligations, duties and immunities of the Trustee
hereunder and (E) the rights of Holders of Securities of such series as beneficiaries hereof with respect to the property so deposited with the Trustee payable to all or any of them, and (ii) the occurrence of any event specified in Section 6.07(e)
(with respect to any of the covenants or agreements specified in or pursuant to this Indenture) and 6.01 (c) or 6.07(f) shall be deemed not to be or result in a Default or an Event of Default, as applicable, in each case with respect to the
Outstanding Securities of such series on or after the date the conditions set forth in Section 11.04 are satisfied (hereinafter called “Covenant Defeasance”), and the Trustee, at the cost of the Company, shall execute proper instruments
acknowledging the same. For this purpose, such Covenant Defeasance means that 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 or agreement (to the extent
so specified in the case of Section 6.07(e)), whether directly or indirectly by reason of any reference elsewhere herein to any such covenant or agreement or by reason of any reference in any such covenant or agreement to any other provision herein
or in any other document, but the remainder of this Indenture and the Securities of such series shall be unaffected thereby. 

  
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 SECTION 11.04. Conditions to Defeasance or Covenant Defeasance. The following shall
be the conditions to application of either Sections 11.02 and 11.03 to the Outstanding Securities of any series: 
 (a) with
reference to Section 11.02 or 11.03, the Company has irrevocably deposited or caused to be irrevocably deposited with the Trustee as funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of
Securities of such series (i) cash in an amount, or (ii) U.S. Government Obligations maturing as to principal and interest, if any, at such times and in such amounts as will insure the availability of cash, or (iii) a combination
thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge (A) the principal
of and interest, if any, on all Securities of such series on each date that such principal or interest, if any, is due and payable, and (B) any mandatory sinking fund payments on the dates on which such payments are due and payable in
accordance with the terms of this Indenture and the Securities of such series; 
 (b) in the case of Defeasance under
Section 11.02, the Company has delivered to the Trustee an Opinion of Counsel based on the fact that (x) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (y) since the date
hereof, there has been a change in the applicable United States federal income tax law, in either case to the effect that, and such opinion shall confirm that, the Holders of the Securities of such series will not recognize income, gain or loss for
United States federal income tax purposes as a result of such deposit, Defeasance and discharge and will be subject to United States federal income tax on the same amount and in the same manner and at the same times as would have been the case if
such deposit, Defeasance and discharge had not occurred; 
 (c) in the case of Covenant Defeasance under Section 11.03, the
Company has delivered to the Trustee an Opinion of Counsel to the effect that, and such opinion shall confirm that, the Holders of the Securities of such series will not recognize income, gain or loss for United States federal income tax purposes as
a result of such deposit and Covenant Defeasance and will be subject to the United States federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and Covenant Defeasance had not
occurred; 
 (d) no Default or event which with notice or lapse of time or both would become a Default shall have occurred or be
continuing on the date of the deposit referred to in subparagraph (a); 
 (e) such Defeasance or Covenant Defeasance will not
result in a breach or violation of, or constitute a default under, any agreement or instrument to which the Company is a party or by which it is bound; and 
 (f) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent contemplated by this provision have been complied
with. 
 SECTION 11.05. Application of Trust Money. Subject to the provisions of the last paragraph of Section 5.03,
all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 11.04 shall be held in trust, and such money and all money from such U.S. Government Obligations shall be applied by it, in accordance with the provisions
of the Securities, the Coupons, if any, and this Indenture, to the payment, either directly or through any paying agent (including the Company acting as its own paying agent) as the Trustee may determine, to the persons entitled thereto, of the
principal (and premium, if any) and interest for whose payment such money and U.S. Government Obligations has been deposited with the Trustee. 
 SECTION 11.06. Indemnity for U.S. Government Obligations. The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government
Obligations deposited pursuant to Section 11.04 or the principal or interest received in respect of such obligations other than any such tax, fee or other charge that by law is for the account of the Holders of Outstanding Securities.

  
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 SECTION 11.07. Deposits of Non-U.S. Currencies. Notwithstanding the foregoing
provisions of this Article Eleven, if the Securities of any series are payable in a coin or currency or currency unit other than such coin or currency of the United States of America as at the time of payment is legal tender for payment of public or
private debts, the coin or currency or currency unit or the nature of the government obligations to be deposited with the Trustee under the foregoing provisions of this Article Eleven shall be as set forth in the Officers’ Certificate or
established in the supplemental indenture under which the Securities of such series are issued. 
 ARTICLE TWELVE

 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 

SECTION 12.01. Liability Solely Corporate. No recourse shall be had for the payment of the principal of, or the premium, if any,
or interest on, any Security or Coupon 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 corporation, either directly or through the Company or any successor corporation, 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, and related Coupons, if any, 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 corporation, 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 Coupons 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. 
 ARTICLE THIRTEEN 

SUPPLEMENTAL INDENTURES 
 SECTION 13.01. Supplemental Indentures Without Consent of Holders. The Company (when authorized by resolution of its Board of Directors) 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 evidence the succession of another corporation to the Company, or successive successions, and the assumption by any such successor of the covenants and obligations of the Company contained therein
and in the Securities, pursuant to Section 15.01; 
 (b) 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 Defaults, in each case for the protection or benefit of the Holders of all or any series of Securities or Coupons (and if such
covenants, agreements and Defaults are to be for the benefit of less than all series of Securities or Coupons, stating that such covenants, agreements and Defaults are expressly being included for the benefit of such series as shall be identified
therein); or herein conferred upon the Company; 

  
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 (c) 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 Security of any series Outstanding created prior to the execution of such supplemental indenture which is entitled to the benefit of such provision; 

(d) to secure the Securities; 
 (e) to establish the form or terms of Securities of any series as permitted by Sections 2.01 and 2.02, or to authorize the issuance of additional Securities of a series previously authorized or to add to
the conditions, limitations or restrictions on the authorized amount, terms or purpose 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. 
 (f) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the
Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of
Section 10.07; 
 (g) to cure any ambiguity, to correct or supplement any provision contained herein or in any indenture
supplemental hereto which may be defective or inconsistent with any other provision contained herein, or in any supplemental indenture, or to make any other provisions with respect to matters or questions arising under this Indenture which shall not
materially adversely affect the interests of the Holders of Securities or any related Coupons; or 
 (h) to add to, change or
eliminate any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to principal, to change or eliminate any restrictions on the payment of principal of (or premium, if any) or any interest on Bearer Securities,
to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer Securities to be issued in exchange for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in
uncertificated form; provided any such action shall not adversely affect the interests of the Holders of Securities of any series or any related Coupons in any material respect. 

Subject to the provisions of Section 13.03, 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 13.01 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 13.02. 
 SECTION 13.02. Supplemental Indentures With Consent of Holders. With the consent (evidenced as provided in Article Seven) of the Holders of not less than a majority in aggregate principal amount of
the Outstanding Securities of each series affected by such supplemental indenture, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of this Indenture, or of any supplemental indenture, or of modifying in any manner the rights of the Holders of Securities of such series and any related Coupons to be
affected or to waive any default or Default under the Indenture; provided that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby: 

(a) change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the
principal amount thereof or the rate of interest thereon (including any change in the floating or adjustment rate provision pursuant to which such rate is determined that would reduce that rate

  
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for any period) or any premium payable upon the redemption payable upon the redemption thereof, or change any place of payment where, or the coin or currency in which any Security or any premium
or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date) or modify the provisions of
this Indenture with respect to the subordination of the Securities in a manner adverse to the Securityholders; 
 (b) reduce the
percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of
this Indenture or certain defaults, and any Defaults or Events of Default arising therefrom, hereunder and their consequences) provided for in this Indenture; or 
 (c) modify any of the provisions of this Section or Section 6.06, 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 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 or the deletion of this proviso, in accordance with the requirements of Sections 10.07 and 13.01(f). 
 A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included for the benefit of one or more particular series of Securities, or
which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 

It shall not be necessary for the consent of Securityholders under this Section 13.02 to approve the particular form of any proposed
supplemental indenture, but it shall be sufficient if such act shall approved the substance thereof. 
 The Company may set a
record date for the purpose 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. Such record date shall be not more
than 30 days prior to the first solicitation of such consent or waiver or the date of the most recent list of Holders furnished to the Trustee prior to such solicitation pursuant to Section 312 of the Trust Indenture Act of 1939. 

Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this
Section 13.02, the Company shall mail a notice to the Holders of Registered Securities at their addresses as the same shall appear in the register of the Company and, if Securities of such series are issuable as Bearer Securities, by publishing
notice of such event once in an Authorized Newspaper in each place of payment for the Securities of such series located outside the United States, setting forth in general terms the substance of such supplemental indenture. 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 13.03. Execution of Supplemental Indenture. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereof of
the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 10.02) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

SECTION 13.04. Effect of Supplemental Indenture. Upon the execution of any supplemental indenture pursuant to the provisions of
this Article Thirteen, this Indenture shall be and be deemed to be 

  
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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 13.05. Reference in Securities to Supplemental Indenture. Securities authenticated and delivered after the execution of
any supplemental indenture pursuant to the provisions of this Article Thirteen may bear a notation in a 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 Company, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered 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. 
 SECTION 13.06. Conformity With Trust Indenture Act. Every supplemental indenture executed pursuant to the provisions of this Article Thirteen shall conform to the requirements of the Trust
Indenture Act of 1939 as then in effect. 
 ARTICLE FOURTEEN 

SUBORDINATION OF SECURITIES 
 SECTION 14.01. Securities Subordinate to Senior Indebtedness. The Company covenants and agrees that, except to the extent otherwise provided for pursuant to Section 2.02, the indebtedness
evidenced by the Securities of each series or Coupons appertaining thereto is subordinate and junior in right of payment to all Senior Indebtedness to the extent provided herein, and each Holder of Securities or Coupons, by his acceptance thereof,
likewise covenants and agrees to the subordination herein provided and shall be bound by the provisions hereof. Senior Indebtedness shall continue to be Senior Indebtedness and entitled to the benefits of these subordination provisions irrespective
of any amendment, modification or waiver of any term of the Senior Indebtedness or extension or renewal of the Senior Indebtedness. 
 In the event that the Company shall default in the payment of any principal of, or premium, if any, or interest on any Senior Indebtedness when the same becomes due and payable after any applicable grace
period, whether at maturity or at a date fixed for prepayment or by declaration or otherwise, then, unless and until such default shall have been cured or waived or shall have ceased to exist, no direct or indirect payment (in cash, property,
securities, by set-off or otherwise) shall be made or agreed to be made on account of the principal of, or premium, if any, or interest on any of the Securities or related Coupons, or in respect of any redemption, retirement or other acquisition of
any of the Securities, except that Securityholders may receive and retain (i) securities of the Company or any other corporation provided for by a plan of reorganization or readjustment the payment of which is subordinate, at least to the
extent provided in these subordination provisions with respect to the indebtedness evidenced by the Securities or Coupons, to the payment of all Senior Indebtedness at the time outstanding and to any securities issued in respect thereof under any
plan of reorganization or readjustment and (ii) payments made from a defeasance trust created pursuant to Article Eleven. 

In the event of: 
 (a) any insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition or other similar proceeding relating to the Company, its creditors or its property; 

(b) any proceeding for the liquidation, dissolution or other winding up of the Company, voluntary or involuntary, whether or not
involving insolvency or bankruptcy proceedings; 

  
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 (c) any assignment by the Company for the benefit of creditors; or 

(d) any other marshaling of the assets of the Company, 
 all Senior Indebtedness (including any interest thereon accruing after the commencement of any such proceedings) shall first be paid in full before any payment or distribution, whether in cash, securities
or other property, shall be made to any Holder of any of the Securities or Coupons on account thereof (except as otherwise permitted by the next succeeding sentence). Any payment or distribution, whether in cash, securities or other property (other
than (i) securities of the Company or any other corporation provided for by a plan of reorganization or readjustment the payment of which is subordinate, at least to the extent provided in these subordination provisions with respect to the
indebtedness evidenced by the Securities or Coupons, to the payment of all Senior Indebtedness at the time outstanding and to any securities issued in respect thereof under any plan of reorganization or readjustment and (ii) payments made from
a defeasance trust created pursuant to Article Eleven), which would otherwise (but for these subordination provisions) be payable or deliverable in respect of the Securities of any series or Coupons appertaining thereto shall be paid or delivered
directly to the Holders of Senior Indebtedness in accordance with the priorities then existing among such Holders until all Senior Indebtedness (including any interest thereon accruing after the commencement of any such proceedings) shall have been
paid in full. 
 In the event that, notwithstanding the foregoing, any payment or distribution of any character on any Security,
whether in cash, securities or other property (other than (i) securities of the Company or any other corporation provided for by a plan of reorganization or readjustment the payment of which is subordinate, at least to the extent provided in
these subordination provisions with respect to the indebtedness evidenced by the Securities or Coupons, to the payment of all Senior Indebtedness at the time outstanding and to any securities issued in respect thereof under any such plan of
reorganization or readjustment and (ii) payments made from a defeasance trust created pursuant to Article Eleven), shall be received by the Trustee or any Holder of Securities or Coupons in contravention of any of the terms hereof such payment
or distribution or security shall be received in trust for the benefit of, and shall be paid over or delivered or transferred to, the Holders of the Senior Indebtedness at the time outstanding in accordance with the priorities then existing among
such Holders for application to the payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all such Senior Indebtedness in full. In the event of the failure of the Trustee or any Holder of Securities to endorse or assign
any such payment, distribution or security, each Holder of Senior Indebtedness is hereby irrevocably authorized to endorse or assign the same. 
 No present or future Holder of any Senior Indebtedness shall be prejudiced in the right to enforce subordination of the indebtedness evidenced by the Securities by any act or failure to act on the part of
the Company. Nothing contained herein shall impair, as between the Company and the Holders of Securities of each series, the obligation of the Company to pay such Holders of Securities the principal of and premium, if any, and interest on such
Securities or prevent the Trustee or the Holder of Securities from exercising all rights, powers and remedies otherwise permitted by applicable law or hereunder upon the occurrence of a Default hereunder, all subject to the rights of the Holders of
the Senior Indebtedness to receive cash, securities or other property otherwise payable or deliverable to the Holders of Securities or Coupons. 
 Senior Indebtedness shall not be deemed to have been paid in full unless the Holders thereof shall have received cash, securities or other property equal to the amount of such Senior Indebtedness then
outstanding. Upon the payment in full of all Senior Indebtedness, the Holders of Securities or Coupons shall be subrogated to all rights of any Holders of Senior Indebtedness to receive any further payments or distributions applicable to the Senior
Indebtedness unless the indebtedness evidenced by the Securities of such series shall have been paid in full, and such payments or distributions received by such Holders of Securities or Coupons, by reason of such subrogation, of cash, securities or
other property which otherwise would be paid or distributed to the Holders of Senior Indebtedness, shall, as between the Company and its creditors other than the Holders of Senior Indebtedness, on the one hand, and such Holders of Securities, on the
other hand, be deemed to be a payment by the Company on account of Senior Indebtedness, and not on account of the Securities of such series. 

  
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 The Trustee and Holders of Securities will take such action (including, without limitation,
the delivery of this Indenture to an agent for the Holders of Senior Indebtedness or consent to the filing of a financing statement with respect thereto) as may, in the opinion of counsel designated by the Holders of a majority in principal amount
of the Senior Indebtedness at the time outstanding, be necessary or appropriate to assure the effectiveness of the subordination effected by these provisions. 
 SECTION 14.02. Reliance On Certificate of Liquidating Agent: Further Evidence of Ownership of Senior Indebtedness. Upon any payment or distribution of assets of the Company referred to in this
Article Fourteen, the Trustee and the Holders of Securities or Coupons shall be entitled to rely upon an order or decree made by any court of competent jurisdiction in which such dissolution or winding up or liquidation or reorganization or
arrangement proceedings are pending or upon a certificate of the trustee in bankruptcy, receiver, assignee for the benefit of creditors or other persons making such payment or distribution, delivered to the Trustee or to the Holders of Securities or
Coupons, 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 thereon and all other facts pertinent thereto or to this Article Fourteen. In the absence of any such bankruptcy trustee, receiver, assignee or other person, the Trustee shall be entitled to rely upon a written notice by a person
representing himself to be the Holder of Senior Indebtedness (or a trustee or representative on behalf of such Holder) as evidence that such person is a Holder of Senior Indebtedness (or is such a trustee or representative). 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 payments or distributions pursuant to this Article Fourteen, 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, as to the extent to which such person is entitled to participate in such payment or distribution, and
as to other facts pertinent to the rights of such person under this Article Fourteen, and if such evidence is not furnished, the Trustee may refuse to offer any payment to such person pending judicial determination as to the right of such person to
receive such payment. The Trustee, however, shall not be deemed to owe any fiduciary duty to the Holders of Senior Indebtedness. 
 SECTION 14.03. Payment Permitted If No Default. Nothing contained in this Article Fourteen or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time
except during the pendency of any dissolution, winding up, liquidation or reorganization proceedings referred to in, or under the conditions described in, Section 14.01, from making payments at any time of the principal of or premium, if any,
or interest on the Securities or Coupons appertaining thereto, or (b) the application by the Trustee or any paying agent of any monies deposited with it hereunder to payments of the principal of or premium, if any, or interest on the Securities
or Coupons appertaining thereto if, at the time of such deposit, the Trustee or such paying agent, as the case may be, did not have the written notice provided for in Section 14.04 of any event prohibiting the making of such deposit, or if, at
the time of such deposit (whether or not in trust) by the Company with the Trustee or any paying agent (other than the Company) such payment would not have been prohibited by the provisions of this Article, and the Trustee or any paying agent shall
not be affected by any notice to the contrary received by it on or after such date. 
 SECTION 14.04. Trustee Not Charged
With Knowledge of Certain Facts. Anything in this Article Fourteen or elsewhere in this Indenture contained to the contrary notwithstanding, the Trustee shall not at any time be charged with knowledge of the existence of any facts which would
prohibit the making of any payment of monies hereunder to or by the Trustee and shall be entitled conclusively to assume that no such facts exist and that no event specified in Section 14.01 has happened, until the Trustee shall have received an
Officers’ Certificate to that effect or notice in writing to that effect signed by or on behalf of the Holders or Holders, or their representatives, of Senior Indebtedness who shall have been certified by the Company or otherwise established to
the reasonable satisfaction of the Trustee to be such Holder or Holders or representatives or from any trustee under any indenture pursuant to which such Senior Indebtedness shall be outstanding; provided that, if prior to the third business day
preceding the date upon which by the terms hereof any 

  
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monies become payable hereunder (including, without limitation, the payment of either the principal of or premium, if any, or interest on any Security), or in the event of the execution of an
instrument pursuant to Section 11.01 acknowledging satisfaction and discharge of this Indenture, then if prior to the second business day preceding the date of such execution, the Trustee or any paying agent shall not have received with respect
to such monies the Officers’ Certificate or notice provided for in this Section 14.04, then, anything herein contained to the contrary notwithstanding, the Trustee or such paying agent shall have full power and authority to receive such
monies and 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 on or after such date. The Company shall give prompt written notice to the Trustee and to the
paying agent of any facts known to the Company which would prohibit the payment of monies to or by the Trustee or any paying agent 
 SECTION 14.05. Trustee to Effectuate Subordination. Each Holder of Securities by his acceptance thereof authorizes and directs the Trustee in his behalf to take such action as may be necessary or
appropriate to effectuate the subordination as between such Holder of Securities and Holders of Senior Indebtedness, as provided in this Article Fourteen, and appoints the Trustee its attorney-in-fact for any and all such purposes. 

SECTION 14.06. Trustee’s Rights Regarding Senior Indebtedness. The Trustee shall be entitled to all the rights set forth in
this Article Fourteen with respect to any Senior Indebtedness which may at the time be held by it to the same extent as any other Holder of Senior Indebtedness; provided that nothing in this Indenture shall deprive the Trustee of any of its rights
as such Holder; and provided further that nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 10.01(a). 
 SECTION 14.07. Articles Applicable to Paying Agent. In case at any time any paying agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term
“Trustee” as used in this Article Fourteen shall in such case (unless the context shall otherwise require) be construed as extending to and including such paying agent within its meaning as fully for all intents and purposes as if the
paying agent were named in this Article Fourteen in addition to or in place of the Trustee; provided, however, that Sections 14.04 and 14.06 shall not apply to the Company or any Affiliate of the Company if the Company or such Affiliate acts
as paying agent 
 ARTICLE FIFTEEN 
 MISCELLANEOUS PROVISIONS 
 SECTION 15.01. Consolidation, Merger, Sale or
Lease. The Company will not consolidate with any other corporation or accept a merger of any other corporation into the Company or permit the Company to be merged into any other corporation, or sell other than for cash or lease all or
substantially all its assets to another corporation, or purchase all or substantially all the assets of another corporation, unless (i) either the Company shall be the continuing corporation, or the successor, transferee or lessee corporation
(if other than the Company) shall expressly assume, by indenture supplemental hereto satisfactory to the Trustee, executed and delivered by such corporation prior to or simultaneously with such consolidation, merger, sale or lease, the due and
punctual payment of the principal of and interest and premium, if any, on all the Securities, according to their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture to be performed or
observed by the Company, and (ii) if provided by the terms of a series of Securities pursuant to Section 2.02, immediately after such consolidation, merger, sale, lease or purchase, no Default, and no event which, after notice or lapse of
time or both, would become a Default, shall have happened and be continuing in the performance by the Company or the successor, transferee or lessee corporation (if other than the Company) of any covenant or condition of this Indenture. A purchase
by a Subsidiary of all or substantially all of the assets of another corporation shall not be deemed to be a purchase of such assets by the Company. 
 Anything in this Indenture to the contrary notwithstanding, the Company or any Subsidiary may fail or omit in any particular instance to comply with a covenant or condition set forth in this Section 15.01
with respect to any series of Securities if the Company shall have obtained and filed with the Trustee, prior to the 

  
 47 

 
time of such failure or omission, evidence (as provided in Article Seven) of the consent of the Holders of at least a majority in aggregate principal amount of the Securities of such series 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 any obligation not waived by the terms of such waiver or impair any
right consequent thereon. Until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or conditions shall remain in full force and effect. 

SECTION 15.02. Rights Under Indenture Limited to Parties thereto and Holders. 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 or corporation other than the parties hereto and their successors and the Holders of the Securities 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 15.03. Evidence of
Compliance With Conditions Precedent. As evidence of compliance with the conditions precedent provided for in this Indenture (including any covenants compliance with which constitutes a condition precedent) which relate to the authentication and
delivery of any Securities, to the satisfaction and discharge of this Indenture or to any other action to be taken by the Trustee at the request or upon the application of the Company, the Company will furnish to the Trustee an Officers’
Certificate, stating that such conditions precedent have been complied with and an Opinion of Counsel stating that in the opinion of such Counsel such conditions precedent have been complied with. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include
(1) a statement that the person making such certificate or opinion has read such condition or covenant; (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in
such certificate or opinion are based; (3) a statement that, in the opinion of such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or
covenant has been complied with; and (4) a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 
 Notwithstanding any provision of this Indenture authorizing the Trustee conclusively to rely upon any certificates or opinions, the Trustee, before granting any application by the Company or taking or
refraining from taking any other action in reliance thereon, may require any further evidence or make any further investigation as to the facts or matters stated therein which it may, in good faith, deem reasonable in the circumstances, and in
connection therewith the Trustee may examine or cause to be examined the pertinent books, records and premises of the Company or of any Subsidiary; and the Trustee shall, in any such case, require such further evidence or make such further
investigation as may be requested by the Holders of a majority in principal amount of the Securities then outstanding; provided that, if payment to the Trustee of the costs, expenses and liabilities likely to be incurred by it in making such
investigation is not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee before making such investigation may require reasonable indemnity against such costs, expenses or liabilities. Any
further evidence which may be requested by the Trustee pursuant to any of the provisions of this paragraph shall be furnished by the Company at its own expense; and any cost, expenses and liabilities incurred by the Trustee pursuant to any of the
provisions of this paragraph shall be paid by the Company, or, if paid by the Trustee, shall be repaid by the Company, upon demand, with interest at the lowest rate born by the Securities of any series but in no event less than 5%, and, until such
repayment, shall be secured by a lien on any moneys held by the Trustee hereunder prior to any rights therein of the Holders of Securities. 
 SECTION 15.04. Cancellation of Securities. All Securities and Coupons paid, redeemed, exchanged, surrendered for registration of transfer or retired pursuant to a sinking fund or otherwise shall,
if surrendered to the Company or to any paying agent, be delivered to the Trustee for cancellation and shall be cancelled by it or, if surrendered to the Trustee, shall be cancelled by it, and, except as otherwise provided in

  
 48 

 
Sections 2.05, 2.06, 2.07, 2.08, 4.02 and 13.05, no Securities shall be issued under the Indenture in lieu thereof. The Trustee shall make appropriate notations in its records in respect of
all such Securities and may, but shall not be obligated to, destroy such Securities. If the Trustee shall destroy any such Securities or Coupons it shall deliver a certificate of such destruction to the Company. If the Company shall acquire any of
the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation. 

SECTION 15.05. Conflict with Trust Indenture Act. If any provision of this Indenture limits, qualifies or conflicts with another
provision included in this Indenture which is required to be included in this Indenture by any of the provisions of Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939, such required provision shall control. 

SECTION 15.06. Acts of Board Committees. Whenever action is required by this Indenture by the Board of Directors of the Company
and there is at the time constituted a committee of the Board of Directors duly authorized to take such action, or a committee of officers or other representatives of the Company so authorized by the Board of Directors, such action by such a
committee shall be deemed to be the action of the Board of Directors and shall be sufficient for all purposes of this Indenture where action by the Board of Directors is specified. 

SECTION 15.07. Notices. Any notice or demand authorized by this Indenture to be given to the Company shall be sufficiently given
for all purposes if it shall be sent by registered mail to the Company addressed to it at 399 Park Avenue, New York, New York 10043 to the attention of its Deputy General Counsel or at such other address, as may have been furnished in writing to the
Trustee by the Company. Any notice, direction, request or demand to or upon the Trustee shall be sufficiently given, for all purposes, if it is given or made in writing to the Principal Office of the Trustee. Any notice required or permitted to be
given to Securityholders shall be sufficiently given as provided in Section 1.02. 
 SECTION 15.08. Payments Due on
Non-Business Days. In any case where the date of maturity of interest on or principal of the Securities or the date fixed for redemption of any Securities shall not be a business day, then payment of interest, principal and premium, if any, may
be made on the next succeeding business day with the same force and effect as if made on the date of maturity and no interest shall accrue for the period after such date. 
 SECTION 15.09. 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. 
 SECTION 15.10. Governing Law. This Indenture and each Security shall be
deemed to be a contract made under the law of the State of New York, and for all purposes shall be construed in accordance with the law of said State. 
 SECTION 15.11. Separability Clause. In case any provision in this Indenture or in the Securities shall be invalid, illegal, or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 15.12. Legend. The Securities are
not savings accounts, deposits or other obligations of any insured depositary institution or other subsidiary of the Company but are unsecured obligations of the Company and are not insured by the Federal Deposit Insurance Corporation or any other
government agency or instrumentality. 

  
 49 

 IN WITNESS WHEREOF, CITIGROUP INC. has caused this Indenture to be executed in its corporate
name by one of its officers thereunto duly authorized, and its corporate seal to be hereunto affixed and to be attested by its Secretary or one of its Assistant Secretaries, and BANK ONE TRUST COMPANY. N.A. has caused this Indenture to be executed
in its corporate name by one of its officers thereunto duly authorized, and its corporate seal to be hereunto affixed and to be attested by one of its authorized officers, all as of April 12, 2001. 

 

			
	CITIGROUP INC.
		
	By:	 	 

	Name:	 	Guy R. Whittaker
	Title:	 	Treasurer

 [CORPORATE SEAL] 
  

			
	Attest:	 	
		
	By:	 	 

	Name:	 	
	Title:	 	

  

			
	BANK ONE TRUST COMPANY, N.A.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	[CORPORATE SEAL]
	
	Attest:
		
	By:	 	  

	Name:	 	
	Title:	 	

	
	STATE OF NEW YORK.)
	 :ss.:

COUNTY OF NEW YORK)

 On the 12th day of April, in the year 2001, before me personally came Guy R. Whittaker, to me known, who, being by me duly sworn,
did depose and say that he resides in New York, New York; that he is a Treasurer of CITIGROUP INC., one of the corporations described in and which executed the foregoing instrument, that he knows the seal of said corporation, that the seal affixed
to said instrument bearing the corporate name of said corporation is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation; and that he signed his name thereto by like authority. 

 

							
		 		 	By:	 	 

				
	[NOTARIAL SEAL]	 		 		 	
		 		 		 	

  

	
	STATE OF NEW YORK.)
	 :ss.:

	COUNTY OF NEW YORK)

 On the      day of
            , in the year 2001, before me personally came [NAME], to me known, who, being by me duly sworn, did depose and say that she resides at [ADDRESS, CITY, STATE, ZIP CODE]; that she
is a(n) [TITLE] of BANK ONE TRUST COMPANY, N.A., one of the corporations described in and which executed the foregoing instrument, that she knows the seal of said corporation, that the seal affixed to said instrument bearing the corporate name of
said corporation is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation; and that she signed her name thereto by like authority. 

 

							
		 		 	By:	 	  

				
	[NOTARIAL SEAL]	 		 		 	

 IN WITNESS WHEREOF, CITIGROUP INC. has caused this Indenture to be executed in its corporate
name by one of its officers thereunto duly authorized, and its corporate seal to be hereunto affixed and to be attested by its Secretary or one of its Assistant Secretaries, and BANK ONE TRUST COMPANY, N.A. has caused this Indenture to be executed
in its corporate name by one of its officers thereunto duly authorized, and its corporate seal to be hereunto affixed and to be attested by one of its authorized officers, all as of April 12, 2001. 

 

			
	CITIGROUP INC.
		
	By:	 	
	Name:	 	Guy R. Whittaker
	Title:	 	Treasurer

 [CORPORATE SEAL] 
  

			
	Attest:
		
	By:	 	
	Name:	 	
	Title:	 	

  

			
	BANK ONE TRUST COMPANY, N.A.
		
	By:	 	

	Name:	 	Mary R. Fonti
	Title:	 	Authorized Officer

 [CORPORATE SEAL] 
  

			
	Attest:
		
	By:	 	

	Name:	 	Sandra Whalen
	Title:	 	Authorized Officer

	
	STATE OF NEW YORK.)
	 :ss.:

	COUNTY OF NEW YORK)

 On the 12th day of April, in the year 2001, before me personally came Mary R. Fonti,
to me known, who, being by me duly sworn, did depose and say that she resides at 1681 West 8th Street, Brooklyn, New York, 11223; that she is an Authorized Officer of BANK ONE TRUST COMPANY, N.A., one of the corporations described in and which executed the foregoing instrument, that she knows the
seal of said corporation, that the seal affixed to said instrument bearing the corporate name of said corporation is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation; and that she signed her name
thereto by like authority. 
  

							
		 		 	By:	 	

				
	[NOTARIAL SEAL]	 		 		 	
				
		 		 		 	 

 Exhibit A 

Form of Accountholder’s Certification 
 CITIGROUP INC. 
 (incorporated with limited liability under

 the laws of the State of Delaware, United States of America) 

[currency][amount] 
 [title of Securities] 
 This is to certify that as of the date hereof, and except as set
forth below, the above-captioned Securities held by you for our account (a) are owned by persons that are not (i) citizens or residents of the United States, (ii) corporations, partnerships or other entities created or organized in or
under the laws of the United States, (iii) estates if the income of such estates falls within the federal income tax jurisdiction of the United States regardless of the source of such income, or (iv) trusts if a United States court is able
to exercise primary supervision over their administration and one or more United States persons have the authority to control all of their substantial decisions (“United States persons”), (b) are owned by United States
person(s) that (i) are foreign branches of a United States financial institution (as defined in U.S. Treasury Regulations Section 1.165-12(c)(l)(v)) (“financial institutions”) purchasing for their own account or for
resale, or (ii) acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (i) or (ii), each
such United States financial institution hereby agrees, cm its own behalf or through its agent, that you may advise the Company or the Company’s agent that, for the benefit of the Company and the Company’s agent, it will comply with the
requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (c) are owned by United States or foreign financial institution(s) for purposes of resale
during the restricted period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and in addition if the owner of the Securities is a United States or foreign financial institution described in clause (c) (whether or
not also described in clause (a) or (b)) this is to further certify that such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States
or its possessions. 
 [If the Securities are of the category contemplated in Section 230.903(bX3) of Regulation S under the Securities Act
of 1933, as amended (the “Act”), then this is also to certify that, except as set forth below, the Securities are beneficially owned by (1) non-U.S. person(s) or (2) U.S. person(s) who purchased the Securities in
transactions which did not require registration under the Act. As used in this paragraph the term “U.S. person” has the meaning given to it by Regulation S under the Act.] 
 As used herein, “United States” means the United States of America (including the States and the District of Columbia); and its “possessions” include Puerto Rico, the
U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 
 We undertake to advise you promptly by tested telex
on or prior to the date on which you intend to submit your certification relating to the Securities held by your for our account in accordance with your operating procedures if any applicable statement herein is not correct on such date, and in the
absence of any such notification it may be assumed that this certification applies as of such date. 
 This certification excepts and does not
relate to [currency] [amount] of such interest in the above Securities in respect of which we are not able to certify and as to which we understand exchange and delivery of definitive Securities (or, if relevant, exercise of any rights
or collection of any interest) cannot be made until we do so certify. 
 This certificate is intended to comply with U.S. Treasury Regulation
Section 1.163-5(c)(2)(i)(D) and shall be interpreted and retained in accordance therewith. 
 We understand that this certification is
required in connection with certain tax laws and, if applicable, certain securities laws of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is
or would be relevant, we irrevocably authorize you to produce this certification to any interested party in such proceedings. 
  

			
	 Dated:
[                    ]
  
 [name of account holder]

	 as, or as agent for,
 the beneficial owner(s) of the Securities to which this certificate relates.

		
	By:	 	  

		 	Authorized signatory

  
 A-1

 Exhibit B 

Form of Enroclear/Clearstream Banking Certification 
 CITIGROUP INC. 
 (incorporated with limited liability under

 the laws of the State of Delaware, United States of America) 

[currency] [amount] 

[title of Securities] 
 This is to certify that, based solely on certifications we have received in writing, by tested telex or by electronic transmission from member organizations appearing in our records as persons being
entitled to a portion of the principal amount set forth below (our “Member Organizations”) substantially to the effect set forth in the temporary global note issued in respect of the securities, as of the date hereof,
[currency] [amount] principal amount of the above-captioned Securities (a) is owned by persons that are not (i) citizens or residents of the United States, (ii) corporations, partnerships or other entities created or
organized in or under the laws of the United States, (iii) estates if the income of such estates falls within the federal income tax jurisdiction of the United States regardless of the source of such income, or (iv) trusts if a United
States court is able to exercise primary supervision over their administration and one or more United States persons have the authority to control all of their substantial decisions (“United States persons”), (b) is owned by
United States persons that (i) are foreign branches of United States financial institutions (as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v)) (“financial institutions”) purchasing for their own account or
for resale, or (ii) acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (i) or (ii),
each such United States financial institution) has agreed, on its own behalf or through its agent, that we may advise the Company or the Company’s agent that, for the benefit of the Company and the Company’s agent, it will comply with the
requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code or 1986, as amended, and the regulations thereunder), or (c) is owned by United States or foreign financial institutions for purposes of resale during
the restricted period (as defined in U.S. Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)), and to the further effect that United States or foreign financial institutions described in clause (c) (whether or not also described in clause
(a) or (b)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 

[If the Securities are of the category contemplated in Section 230.903(b)(3) of Regulation S under the Securities Act of 1933, as amended (the
“Act”), then this is also to certify with respect to the principal amount of Securities set forth above that, except as set forth below, we have received in writing, by tested telex or by electronic transmission, from our Member
Organizations entitled to a portion of such principal amount, certifications with respect to such portion substantially to the effect set forth in the temporary global note issued in respect of the Securities.] 

We further certify (1) that we are not making available herewith for exchange (or, if relevant, exercise of any rights or collection of any
interest) any portion of the temporary global security excepted in such certifications and (2) that as of the date hereof we have not received any notification from any of our Member Organizations to the effect that the statements made by such
Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, exercise of any rights or collection of any interests) are no longer true and cannot be relied upon as of the date hereof. 

This certificate is intended to comply with U.S. Treasury Regulation Section 1.163-5(c)(2)(i)(D) and shall be interpreted and retained in accordance
therewith. 
 We understand that this certification is required in connection with certain tax laws and, if applicable, certain securities laws
of the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorize you to produce this certification to any
interested party in such proceedings. 
  

			
	Dated [                    ]
	  
 Euroclear Bank S.A. / N.V.

as operator of the Euroclear System

or
 Clearstream Banking
S.A.

		
	By:	 	  

		 	Authorised signatory

  
 B-1

 Exhibit C 

Form of Certificate to be Given by Euroclear 
 and Clearstream Banking S.A. to Obtain Interest 
 CITIGROUP INC.

 (incorporated with limited liability under 
 the laws of the State of Delaware, United States of America) 

[currency] [amount] 

[title of Securities] 
 This is to certify that interest payable on the Interest Payment Date[s] on [Insert date(s)] will be paid with respect to              principal
amount of the above-captioned Securities with respect to which we have received from the persons appearing in our records as being entitled to interest payable on such date (our “Qualified Account Holders”) certificates
substantially in the form set out in Exhibit A to the Indenture relating to the above captioned Securities that such Securities (a) are owned by a person (other than a financial institution for purposes of resale during the restricted period)
who is not a United States person; (b) are owned by a United States person (other than a financial institution for purposes of resale during the restricted period) who is (i) a foreign branch of a United States financial institution or
(ii) a United States person who acquired such Securities through the foreign branch of a United States financial institution and who for purposes of this certification holds such Securities through such financial institution of the date hereof
and, in either case, such United States financial institution has agreed, for the benefit of the Company and the Company’s agent, to comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of
1986, as from time to time amended, and the regulations thereunder, or (c) are owned by a financial institution for purposes of resale during the restricted period and such financial institution has certified that it has not acquired such
Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 

To the extent that we have knowledge that any of such certificates is false and to the extent that we have not received with respect to any Securities
such certificates from Qualified Account Holders, we are not requesting that payment be made for interest with respect thereto. 
 We further
certify that as of the date hereof we have not received any notification from any of our Qualified Account Holders to the effect that the statements made by such Qualified Account Holders with respect to any interest payment on any portion of the
principal amount of the Securities referred to above are no longer true and cannot be relied upon as of the date hereof. 
 We undertake that
any interest received by us and not paid as provided above shall be returned to the Trustee for the above-captioned Securities immediately prior to the expiration of two years after such Interest Payment Date in order to be repaid by such Trustee to
the above Company at the end of two years after such Interest Payment Date. 
 As used herein, “United States person” means a
citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States and an estate or trust the income of which is subject to United States federal income taxation
regardless of its source, “United States” means the United States of America (including the States and the District of Columbia), “possessions” of the United States include Puerto Rico, the U.S. Virgin Islands,
Guam, American Samoa, Wake Island and Northern Mariana Islands, “restricted period” means the period described in Section 1.163-5(c)(2)(i)(D)(7) of the Treasury Regulations and “financial institution” means the
persons described in Section 1.165-12(c)(1)(v) of the Treasury Regulations. 
 This certificate is intended to comply with U.S. Treasury
Regulation Section 1.163-5(c)(2)(i)(D) and shall be interpreted and retained in accordance therewith. 
 We understand that this
certificate is required in connection with certain tax legislation in the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize
you to produce this certificate or a copy thereof to any interested party in such proceedings. 
  

			
	Dated: [                    ]
	[To be dated on or after the most recent relevant Interest Payment Date]
	  
 Euroclear Bank S.A. / N.V., as Operator of the
Euroclear System]
 [Clearstream Banking S.A.]

		
	By:	 	  

		 	Authorised signatory

  
 C-1EX-4.1

 Exhibit 4.1 
 FIRSTMERIT CORPORATION, 
 an Ohio corporation, 

as Issuer 

and 

Wells Fargo Bank, National Association, 
 as Trustee 
  

 
 SUBORDINATED

 INDENTURE 

 
 Dated as of
February 4, 2013 
 Subordinated Debt Securities 

 Reconciliation and tie between Trust Indenture Act of 1939, as amended, and Subordinated
Indenture, dated as of February 4, 2013. 
  

					
	 Trust Indenture Act Section
	  	Indenture
Section
	Section 310	  	(a)(1)	  	607
		  	(a)(2)	  	607
		  	(a)(5)	  	607
		  	(b)	  	604, 607
	Section 311	  	(a)	  	604, 612
		  	(b)	  	604, 612
		  	(b)(2)	  	604, 612
	Section 312	  	(a)	  	701, 702(1)
		  	(b)	  	702(1)
		  	(c)	  	702(2)
	Section 313	  	(a)	  	703(1), 703(2)
		  	(b)	  	703(1)
		  	(c)	  	703(3)
		  	(d)	  	703(3)
	Section 314	  	(a)	  	704, 1005
		  	(c)(1)	  	102
		  	(c)(2)	  	102
		  	(e)	  	102
	Section 315	  	(a)	  	602
		  	(b)	  	601
		  	(c)	  	602
		  	(d)	  	602
		  	(e)	  	515
	Section 316	  	(a)	  	104
		  	(a)(1)(A)	  	512
		  	(a)(1)(B)	  	513
		  	(b)	  	508
		  	(c)	  	104
	Section 317	  	(a)(1)	  	505
		  	(a)(2)	  	504
		  	(b)	  	1003
	Section 318	  	(a)	  	108

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

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	ARTICLE I.	 	 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	  
			
	 Section 101.
	  	 Definitions
	  	 	1	  
			
	 Section 102.
	  	 Compliance Certificates and Opinions
	  	 	11	  
			
	 Section 103.
	  	 Form of Documents Delivered to Trustee
	  	 	11	  
			
	 Section 104.
	  	 Acts of Holders
	  	 	12	  
			
	 Section 105.
	  	 Notices, Etc., to Trustee and Company
	  	 	13	  
			
	 Section 106.
	  	 Notice to Holders; Waiver
	  	 	14	  
			
	 Section 107.
	  	 Language of Notices
	  	 	14	  
			
	 Section 108.
	  	 Conflict With Trust Indenture Act
	  	 	15	  
			
	 Section 109.
	  	 Effect of Headings and Table of Contents
	  	 	15	  
			
	 Section 110.
	  	 Successors and Assigns
	  	 	15	  
			
	 Section 111.
	  	 Separability Clause
	  	 	15	  
			
	 Section 112.
	  	 Benefits Of Indenture
	  	 	15	  
			
	 Section 113.
	  	 Governing Law
	  	 	15	  
			
	 Section 114.
	  	 Legal Holidays
	  	 	15	  
			
	 Section 115.
	  	 Jury Trial Waiver
	  	 	16	  
			
	 Section 116.
	  	 U.S.A. Patriot Act
	  	 	16	  
			
	ARTICLE II.	 	 SECURITIES FORMS
	  	 	16	  
			
	 Section 201.
	  	 Forms Generally
	  	 	16	  
			
	 Section 202.
	  	 Form of Trustee’s Certificate of Authentication
	  	 	16	  
			
	 Section 203.
	  	 Securities In Global Form
	  	 	17	  
			
	ARTICLE III.	 	 THE SECURITIES
	  	 	18	  
			
	 Section 301.
	  	 Amount Unlimited; Issuable in Series
	  	 	18	  
			
	 Section 302.
	  	 Denominations
	  	 	21	  
			
	 Section 303.
	  	 Execution, Authentication, Delivery and Dating
	  	 	21	  
			
	 Section 304.
	  	 Temporary Securities
	  	 	22	  
			
	 Section 305.
	  	 Registration, Transfer and Exchange
	  	 	23	  
			
	 Section 306.
	  	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	25	  
			
	 Section 307.
	  	 Payment of Interest; Interest Rights Preserved
	  	 	26	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
			
	 Section 308.
	  	 Persons Deemed Owners
	  	 	28	  
			
	 Section 309.
	  	 Cancellation
	  	 	28	  
			
	 Section 310.
	  	 Computation of Interest
	  	 	28	  
			
	 Section 311.
	  	 CUSIP Numbers
	  	 	28	  
			
	ARTICLE IV.	 	 SATISFACTION AND DISCHARGE
	  	 	29	  
			
	 Section 401.
	  	 Satisfaction and Discharge of Indenture
	  	 	29	  
			
	 Section 402.
	  	 Application of Trust Money
	  	 	30	  
			
	 Section 403.
	  	 Satisfaction, Discharge and Defeasance of Securities of Any Series
	  	 	31	  
			
	ARTICLE V.	 	 REMEDIES
	  	 	32	  
			
	 Section 501.
	  	 Event of Default
	  	 	32	  
			
	 Section 502.
	  	 Acceleration of Maturity; Rescission and Annulment
	  	 	34	  
			
	 Section 503.
	  	 Collection of Indebtedness and Suits For Enforcement By Trustee
	  	 	35	  
			
	 Section 504.
	  	 Trustee May File Proofs of Claim
	  	 	35	  
			
	 Section 505.
	  	 Trustee May Enforce Claims Without Possession of Securities
	  	 	36	  
			
	 Section 506.
	  	 Application of Money Collected
	  	 	36	  
			
	 Section 507.
	  	 Limitation on Suits
	  	 	37	  
			
	 Section 508.
	  	 Unconditional Right of Holders to Receive Principal, Premium, Interest and Additional Amounts
	  	 	38	  
			
	 Section 509.
	  	 Restoration of Rights and Remedies
	  	 	38	  
			
	 Section 510.
	  	 Rights and Remedies Cumulative
	  	 	38	  
			
	 Section 511.
	  	 Delay or Omission Not Waiver
	  	 	38	  
			
	 Section 512.
	  	 Control By Holders
	  	 	39	  
			
	 Section 513.
	  	 Waiver of Past Defaults
	  	 	39	  
			
	 Section 514.
	  	 Waiver of Stay or Extension Laws
	  	 	39	  
			
	 Section 515.
	  	 Undertaking for Costs
	  	 	40	  
			
	ARTICLE VI.	 	 THE TRUSTEE
	  	 	40	  
			
	 Section 601.
	  	 Notice of Defaults
	  	 	40	  
			
	 Section 602.
	  	 Certain Rights and Obligations of Trustee
	  	 	40	  
			
	 Section 603.
	  	 Not Responsible For Recitals or Issuance of Securities
	  	 	43	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
			
	 Section 604.
	  	 May Hold Securities
	  	 	44	  
			
	 Section 605.
	  	 Money Held In Trust
	  	 	44	  
			
	 Section 606.
	  	 Compensation and Reimbursement
	  	 	44	  
			
	 Section 607.
	  	 Corporate Trustee Required; Eligibility; Conflicting Interests
	  	 	45	  
			
	 Section 608.
	  	 Resignation and Removal; Appointment of Successor
	  	 	45	  
			
	 Section 609.
	  	 Acceptance of Appointment By Successor
	  	 	47	  
			
	 Section 610.
	  	 Merger, Conversion, Consolidation or Succession to Business
	  	 	48	  
			
	 Section 611.
	  	 Appointment of Authenticating Agent
	  	 	49	  
			
	 Section 612.
	  	 Preferential Collection of Claims Against Company
	  	 	51	  
			
	ARTICLE VII.	 	 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	 	51	  
			
	 Section 701.
	  	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	51	  
			
	 Section 702.
	  	 Preservation of Information; Communications to Holders
	  	 	51	  
			
	 Section 703.
	  	 Reports By Trustee
	  	 	52	  
			
	 Section 704.
	  	 Reports By Company
	  	 	52	  
			
	ARTICLE VIII.	 	 CONSOLIDATION, MERGER AND SALES
	  	 	53	  
			
	 Section 801.
	  	 Company May Consolidate, Etc., Only on Certain Terms
	  	 	53	  
			
	 Section 802.
	  	 Successor Corporation Substituted For Company
	  	 	54	  
			
	ARTICLE IX.	 	 SUPPLEMENTAL INDENTURES
	  	 	54	  
			
	 Section 901.
	  	 Supplemental Indentures Without Consent of Holders
	  	 	54	  
			
	 Section 902.
	  	 Supplemental Indentures With Consent of Holders
	  	 	55	  
			
	 Section 903.
	  	 Execution of Supplemental Indentures
	  	 	56	  
			
	 Section 904.
	  	 Effect of Supplemental Indentures
	  	 	56	  
			
	 Section 905.
	  	 Conformity With Trust Indenture Act
	  	 	57	  
			
	 Section 906.
	  	 Reference in Securities to Supplemental Indentures
	  	 	57	  
			
	 Section 907.
	  	 Subordination Unimpaired
	  	 	57	  
			
	ARTICLE X.	 	 COVENANTS
	  	 	57	  
			
	 Section 1001.
	  	 Payment of Principal, Premium, if Any, and Interest
	  	 	57	  
			
	 Section 1002.
	  	 Maintenance of Office or Agency
	  	 	57	  
			
	 Section 1003.
	  	 Money For Securities Payments to Be Held in Trust
	  	 	58	  

  
 -iii-

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
			
	 Section 1004.
	  	 Additional Amounts
	  	 	59	  
			
	 Section 1005.
	  	 Statement As To Compliance; Notice of Certain Defaults
	  	 	60	  
			
	 Section 1006.
	  	 Payment of Taxes and Other Claims
	  	 	61	  
			
	 Section 1007.
	  	 Corporate Existence
	  	 	61	  
			
	 Section 1008.
	  	 Waiver of Certain Covenants
	  	 	61	  
			
	 Section 1009.
	  	 Calculations; Original Issue Discount
	  	 	61	  
			
	ARTICLE XI.	 	 REDEMPTION OF SECURITIES
	  	 	62	  
			
	 Section 1101.
	  	 Applicability of Article
	  	 	62	  
			
	 Section 1102.
	  	 Election To Redeem; Notice To Trustee
	  	 	62	  
			
	 Section 1103.
	  	 Selection By Trustee of Securities To Be Redeemed
	  	 	62	  
			
	 Section 1104.
	  	 Notice of Redemption
	  	 	63	  
			
	 Section 1105.
	  	 Deposit of Redemption Price
	  	 	64	  
			
	 Section 1106.
	  	 Securities Payable on Redemption Date
	  	 	64	  
			
	 Section 1107.
	  	 Securities Redeemed in Part
	  	 	65	  
			
	ARTICLE XII.	 	 SINKING FUNDS
	  	 	65	  
			
	 Section 1201.
	  	 Applicability of Article
	  	 	65	  
			
	 Section 1202.
	  	 Satisfaction of Sinking Fund Payments With Securities
	  	 	65	  
			
	 Section 1203.
	  	 Redemption of Securities For Sinking Fund
	  	 	66	  
			
	ARTICLE XIII.	 	 REPAYMENT AT THE OPTION OF HOLDERS
	  	 	66	  
			
	 Section 1301.
	  	 Applicability of Article
	  	 	66	  
			
	ARTICLE XIV.	 	 MEETINGS OF HOLDERS
	  	 	67	  
			
	 Section 1401.
	  	 Purposes For Which Meetings May Be Called
	  	 	67	  
			
	 Section 1402.
	  	 Call, Notice and Place of Meetings
	  	 	67	  
			
	 Section 1403.
	  	 Persons Entitled To Vote At Meetings
	  	 	67	  
			
	 Section 1404.
	  	 Quorum; Action
	  	 	68	  
			
	 Section 1405.
	  	 Determination of Voting Rights; Conduct and Adjournment of Meetings
	  	 	68	  
			
	 Section 1406.
	  	 Counting Votes and Recording Action of Meetings
	  	 	69	  
			
	ARTICLE XV.	 	 SUBORDINATION
	  	 	70	  
			
	 Section 1501.
	  	 Securities Subordinated to Senior Indebtedness
	  	 	70	  

  
 -iv-

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
			
	 Section 1502.
	  	 Subrogation
	  	 	72	  
			
	 Section 1503.
	  	 Obligation of Company Unconditional
	  	 	73	  
			
	 Section 1504.
	  	 Payments on Securities Permitted
	  	 	73	  
			
	 Section 1505.
	  	 Effectuation of Subordination By Trustee
	  	 	73	  
			
	 Section 1506.
	  	 Knowledge of Trustee
	  	 	74	  
			
	 Section 1507.
	  	 Trustee’s Relation to Senior Indebtedness
	  	 	74	  
			
	 Section 1508.
	  	 Rights of Holders of Senior Indebtedness Not Impaired
	  	 	75	  
			
	ARTICLE XVI.	 	 MISCELLANEOUS PROVISIONS
	  	 	75	  
			
	 Section 1601.
	  	 Securities in Foreign Currencies
	  	 	75	  
			
	 Section 1602.
	  	 Exemption from Individual Liability
	  	 	75	  

  
 -v-

 SUBORDINATED INDENTURE, dated as of February 4, 2013 (the “Indenture”), among
FIRSTMERIT CORPORATION, a corporation duly organized and existing under the laws of the State of Ohio (the “Company”), having its principal office at III Cascade Plaza, 7th Floor, Akron, Ohio 44308-1103, and Wells Fargo Bank, National
Association, a national banking association, having a corporate trust office at 230 W. Monroe Street, Suite 2900 Chicago, Illinois 60606, as Trustee (the “Trustee”). 
 RECITALS 
 The Company has duly authorized the execution and delivery of
this Indenture to provide for the issuance from time to time of its unsecured subordinated debentures, notes or other evidences of indebtedness (the “Securities”), unlimited as to principal amount, to bear such rates of interest, to mature
at such time or times, to be issued in one or more series and to have such other provisions as shall be fixed as hereinafter provided. 
 The Company has duly authorized the execution and delivery of this Indenture and all things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done.

 This Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, that are required to be part of
this Indenture and shall, to the extent applicable, be governed by such provisions. 
 NOW, THEREFORE, THIS INDENTURE
WITNESSETH: 
 For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is
mutually covenanted and agreed, for the equal and proportionate benefit of each other, the holders of Senior Indebtedness, and all Holders of the Securities or of series thereof, as follows: 

ARTICLE I. 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 101. Definitions. 
 For all purposes of this Indenture, except
as otherwise expressly provided or unless the context otherwise requires: 
  

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

 

	 	(2)	all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them therein;

  

	 	(3)	 all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles and,
except as otherwise herein expressly provided, the term “generally accepted accounting 

	 	
principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted at the date of such computation;

  

	 	(4)	the words “herein,” “hereof,” “hereto” 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; 

  

	 	(5)	the word “or” is not exclusive; 

  

	 	(6)	all words in the singular include the plural and all words in the plural include the singular; and 

 

	 	(7)	the word “including” means “including without limitations.” 

 Certain terms which are used principally in certain Articles hereof are defined in those Articles. 
 “Act” when used with respect to any Holders, has the meaning specified in Section 104. 
 “Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified herein or therein, to be paid by the Company in respect of certain
taxes imposed on Holders specified therein and which are owing to such Holders. 
 “Affiliate” of any specified Person
means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control”, when used with respect to any specified
Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting Securities, by contract or otherwise. The terms “controlling” and “controlled” have the
meanings correlative to the foregoing. 
 “Agent” means any Security Registrar, Paying Agent, Authenticating Agent or
Depository custodian. 
 “Applicable Procedures” means, with respect to any payment, tender, redemption, transfer or
exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depository, Euroclear and Clearstream that apply to such payment, tender, redemption, transfer or exchange. 

“Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 611 to act on behalf of the Trustee
to authenticate Securities of one or more series. 
 “Authorized Newspaper” means a newspaper, in an official language
of the country of publication or in the English language, customarily published on each Business Day, whether or not published on Legal Holidays, and of general circulation in each place in connection with which the term is used or in the financial
community of each such place. Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in
each case on any Business Day. 

  
 2 

 “Bank” means: 

 

	 	(i)	any institution organized under the laws of the United States, any State of the United States, the District of Columbia, any territory of the United States, Puerto
Rico, Guam, American Samoa or the Virgin Islands which 

  

	 	(a)	accepts deposits that the depositor has a legal right to withdraw on demand, and 

 

	 	(b)	engages in the business of making commercial loans, or 

  

	 	(ii)	any trust company organized under any of the foregoing laws. 

 “Board of Directors” means the board of directors of the Company or any committee of that board duly authorized to act for the Company hereunder. 

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

“Business Day” except as may otherwise be provided herein or in any Security, means when used with respect to any Place of
Payment, any day, other than a Saturday or a Sunday, that is neither a Legal Holiday nor a day on which the Trustee or banking institutions are authorized or required by law, regulation or executive order to close in that Place of Payment.

 “Capital Stock” means, as to shares of a particular corporation, outstanding shares of stock of any class whether
now or hereafter authorized, irrespective of whether such class shall be limited to a fixed sum or percentage in respect of the rights of the holders thereof to participate in dividends and in the distribution of assets upon the voluntary
liquidation, dissolution or winding up of such corporation. 
 “Clearstream” means Clearstream Banking S.A. and any
successor thereto. 
 “Commission” means the Securities and Exchange Commission, as from time to time constituted,
created under the Securities Exchange Act of 1934 or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such
duties at such time. 
 “Common Stock” means all shares now or hereafter authorized of the class of common stock of
the Company presently authorized and stock of any other class into which such shares may hereafter have been changed. 

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

  
 3 

 “Company Request” and “Company Order” mean a written request or order,
as the case may be, signed in the name of the Company by the Chairman of the Board of Directors, the President or a Vice President, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company, and delivered to the
Trustee. 
 “Corporate Trust Office” means the office of the Trustee, at which at any particular time its corporate
trust business for purposes of this Indenture shall be administered, which office at the date of original execution of this Indenture is located at 230 W. Monroe Street, Suite 2900 Chicago, Illinois 60606, Attention: Corporate Trust Services, and
for purposes of Section 1002 such office shall also mean the office or agency of the Trustee located at 608 Second Avenue South, N9303-121, Minneapolis, Minnesota 55419, Attn: Corporate Trust Operations, or such other address as to which the
Trustee may give notice to the Company. 
 “Corporation” includes corporations, associations, limited liability
companies and business trusts. 
 “Defaulted Interest” has the meaning specified in Section 307. 

“Dollars” or “$” means a dollar or other equivalent unit in the currency of the United States, except as may
otherwise be provided herein or in any Security. 
 “Euroclear” means Euroclear Bank, S.A./N.V., as operator of the
Euroclear Clearance System, and any successor thereto. 
 “Event of Default” has the meaning specified in
Section 501. 
 “Federal Reserve” means the Board of Governors of the Federal Reserve System or its delegee, and
any successors thereto. 
 “Government Obligations” with respect to any Securities unless otherwise specified herein
or therein, means: 
  

	 	(i)	direct obligations of the United States of America or the government or governments which issued the currency, currency unit or composite currency in which any
Securities are payable, for the payment of which its full faith and credit is pledged; or 

  

	 	(ii)	obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such government or governments which
issued the currency, currency unit or composite currency in which such Securities are payable, the full and timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other
government or governments, which, in either case, are not callable or redeemable at the option of the issuer or issuers thereof; and 

  

	 	(iii)	a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of
any such Government Obligation held by such custodian for the account of the holder of a depository 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 depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt.

  
 4 

 “Holder” in the case of any Registered Security, means the Person in whose name
such Security is registered in the Security Register. 
 “Indenture” means this instrument as originally executed or
as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, and with respect to any Security shall include the terms of such Securities established
as contemplated by Section 301; provided, however, that, if at any time more than one Person is acting as Trustee under this instrument, “Indenture” shall mean, with respect to any one or more series of Securities for which such
Person is Trustee, this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms
of the or those particular series of Securities for which such Person is Trustee established as contemplated by Section 301; exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such Person
is Trustee, regardless of when such terms or provisions were adopted, and exclusive of any provisions or terms adopted by means of one or more indentures supplemental hereto executed and delivered after such Person had become such Trustee but to
which such Person, as such Trustee, was not a party. 
 “Independent Public Accountants” means accountants or a firm
of accountants that are independent public accountants with respect to the Company within the meaning of the Securities Act of 1933, as amended, and the rules and regulations promulgated by the Commission thereunder who may be the registered
independent public accountants regularly retained by the Company or who may be other registered independent public accountants. Such accountants or firm shall be entitled to rely upon any Opinion of Counsel as to the interpretation of any legal
matters relating to the Indenture or certificates required to be provided hereunder. 
 “Interest” with respect to any
Original Issue Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity and, with respect to any Security which provides for the payment of Additional Amounts pursuant to Section 1004,
includes such Additional Amounts. 
 “Interest Payment Date” with respect to any Security, means the Stated Maturity
of an installment of interest on such Security. 
 “Legal Holiday” except as otherwise may be provided herein or in
any Securities, with respect to any Place of Payment or other location, means a Saturday, a Sunday or a day on which banking institutions or trust companies in such Place of Payment or other location are not authorized or obligated to be open.

  
 5 

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

“NASDAQ” means The NASDAQ Stock Market LLC and any successors thereto. 

“Officer’s Certificate” means a certificate signed by the Chairman of the Board, the President, a Vice President, the
Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee. 

“Opinion of Counsel” except as otherwise provided herein or in any Security, means a written opinion of counsel, who may be an
employee of or counsel for the Company or other counsel who shall be reasonably acceptable to the Trustee. 
 “Original
Issue Discount Security” means a Security issued pursuant to this Indenture which provides for declaration of an amount less than the principal thereof to be due and payable upon acceleration pursuant to Section 502. 

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

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

  

	 	(ii)	Securities, or portions thereof for whose payment or redemption or repayment at the option of the Holder 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, provided that, if such Securities are
to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

  

	 	(iii)	Securities, except to the extent provided in Section 403, with respect to which the Company has effected defeasance and/or covenant defeasance pursuant to
Section 403 hereof; and 

  

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

  
 6 

 provided, however, that in determining whether the Holders of the requisite principal amount of Outstanding
Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Securities for quorum purposes and for purposes of making the calculations required by
Section 313 of the Trust Indenture Act, 
  

	 	(i)	the principal amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that shall be deemed to be Outstanding
for such purposes shall be equal to the amount of the principal thereof that pursuant to the terms of such Original Issue Discount Security would be declared (or shall have been declared to be) due and payable upon a declaration of acceleration
pursuant to Section 502 at the time of such determination or calculation; 

  

	 	(ii)	the principal amount of any Security denominated other than in Dollars that may be counted in making such determination or calculation and that shall be deemed
Outstanding for such purpose shall be equal to the Dollar equivalent, determined by the Company as of the date such Security is originally issued by the Company, of the principal amount (or, in the case of an Original Issue Discount Security, the
Dollar equivalent as of such date of original issuance of the amount determined as provided in clause (i) above) of such Security; and 

  

	 	(iii)	Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor, shall be disregarded and deemed not to
be Outstanding, except that, in determining whether the Trustee shall be protected in making any such calculation or relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible
Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor. 

“Paying Agent” means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any
Security on behalf of the Company. 
 “Person” means any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment” with respect to any Security, means the place or places where the principal of (and premium, if any) and interest on the Securities of that series are payable as specified in
or pursuant to Section 301(8) or Section 1002. 
 “Predecessor Security” of any particular Security means
every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu
of a lost, destroyed, mutilated or stolen Security shall be deemed to evidence the same debt as the lost, destroyed, mutilated or stolen Security. 

  
 7 

 “Principal Subsidiary Bank” means (i) any Subsidiary Bank the consolidated
assets of which as set forth in the most recent statement of condition of such Bank constitute 40% or more of the Company’s consolidated assets as determined from the most recent quarterly balance sheet of the Company or (i) any Subsidiary
Bank designated as a Principal Subsidiary Bank by the Board of Directors, provided that if the Federal Reserve notifies the Company that any Subsidiary Bank that is a Principal Subsidiary Bank applying the tests in clause (i) or (ii) above
does not qualify as a “major subsidiary depository institution” within the requirements of the Federal Reserve’s risk-based capital guidelines or regulations applicable to bank holding companies, such Subsidiary Bank will not be a
Principal Subsidiary Bank from and after the time the Company receives from the Federal Reserve such a notice. 

“Redemption Date” with respect to any Security or portion thereof to be redeemed, means the date fixed for such redemption by
or pursuant to this Indenture. 
 “Redemption Price” with respect to any Security or portion thereof to be redeemed,
means the price at which it is to be redeemed as determined by or pursuant to the provisions of this Indenture. 

“Registered Security” means any Security established pursuant to Section 201 which is registered and the transfer or
exchange thereof is registrable in the Security Register. 
 “Regular Record Date” for the interest payable on any
Registered Security on any Interest Payment Date therefor means the date, if any, specified in such Security as the “Regular Record Date.” 
 “Responsible Officer” when used with respect to the Trustee, means any officer of the Trustee in its Corporate Trust Office who at the time shall have direct responsibility for the
administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject. 

“Security” or “Securities” means any Security or Securities, as the case may be, authenticated and delivered under
this Indenture; provided, however, that if at any time there is more than one Person acting as Trustee under this Indenture, “Securities” with respect to the Indenture as to which such Person is Trustee shall have the meaning stated in the
first recital of this Indenture and shall more particularly mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee. 

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

  
 8 

 “Senior Indebtedness” means: 

 

	 	(i)	the principal and any premium or interest for money borrowed or purchased by the Company, including but not limited to indebtedness evidenced by bonds, debentures,
notes or similar instruments; 

  

	 	(ii)	an obligation arising from off-balance sheet guarantees and direct credit substitutes; 

 

	 	(iii)	reimbursement obligations with respect to letters of credit, bankers’ acceptances or similar facilities; 

 

	 	(iv)	obligations issued or assumed as the deferred purchase price of property or services (but excluding trade accounts payable or accrued liabilities arising in the
ordinary course of business); 

  

	 	(v)	capital lease obligations; 

  

	 	(vi)	any obligations associated with derivative products including but not limited to securities contracts, foreign currency exchange contracts, swap agreements (including
interest rate and foreign exchange rate swap agreements), cap agreements, floor agreements, collar agreements, interest rate agreements, foreign exchange rate agreements, options, commodity futures contracts, commodity option contracts and similar
financial instruments; and 

  

	 	(vii)	debt of others described in the preceding clauses that we have guaranteed or for which we are otherwise liable, 

in each case, whether outstanding on the date this Indenture becomes effective, or created, assumed or incurred after that date, unless in
the instrument creating or evidencing any such indebtedness or obligation, or pursuant to which the same is outstanding, it is provided that such indebtedness or obligation is not superior in right of payment to the Securities or to other debt that
is pari passu with or subordinate to the Securities. 
 Senior Indebtedness excludes any: 

 

	 	(i)	trade accounts payable and accrued liabilities arising in the ordinary course of business, which will rank equally in right of payment and upon liquidation with the
Securities; 

  

	 	(ii)	any indebtedness of the Company that when incurred and without respect to any election under Section 1111(b) of the United States Bankruptcy Code of 1978, as
amended, was without recourse to the Company; 

  

	 	(iii)	any indebtedness of the Company to any of its Subsidiaries; 

  

	 	(iv)	any indebtedness to an employee of the Company; 

  

	 	(v)	other Securities issued pursuant to the Indenture, except if such Securities are not, or no longer are, subject to the subordination provision of such Indenture; or

  

	 	(vi)	indebtedness that expressly states that it is junior to, or ranks equally in right of payment with, the Securities. 

  
 9 

 “Special Record Date” for the payment of any Defaulted Interest on any registered
Security means a date fixed by the Company pursuant to Section 307. 
 “Stated Maturity” with respect to any
Security or any installment of principal thereof or interest thereon, means the date specified in such Security representing such installment of interest as the fixed date on which the principal of such Security or such installment of principal or
interest is due and payable. 
 “Subsidiary” means any corporation of which at the time of determination the Company
and/or one or more Subsidiaries owns or controls directly or indirectly more than 50% of the shares of Voting Stock. 

“Subsidiary Bank” means any Subsidiary which is a Bank. 

“Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed,
except as provided in Section 905; provided, however, that in the event the Trust Indenture Act is amended after such date, “Trust Indenture Act” means, with respect to the Securities of any series issued after such date, the Trust
Indenture Act as so amended. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of
this instrument 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 each Person who is then a
Trustee hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” shall mean each such Person and as used with respect to the Securities of any series shall mean the Trustee with respect to the
Securities of that series. 
 “United States” except as otherwise provided herein or in any Security, means the United
States of America (including the States and the District of Columbia), its territories and possessions and other areas subject to its jurisdiction. 
 “United States Alien” except as otherwise provided herein or in any Security, means any Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident alien
individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for United States Federal income tax purposes, a foreign corporation, a non-resident alien individual or a
non-resident alien fiduciary of a foreign estate or trust. 
 “U.S. Depository” or “Depository” means, with
respect to any Security issuable or issued in the form of one or more global Securities, the Person designated as U.S. Depository by the Company pursuant to Section 301, which must be a clearing agency registered under the Securities Exchange
Act of 1934, as amended, and, if so provided pursuant to Section 301 with respect to any Security, any successor to such Person. If at any time there is more than one such Person, “U.S. Depository” or “Depository” shall
mean, with respect to any Securities, the qualifying entity which has been appointed with respect to such Securities. 

  
 10 

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

“Voting Stock” means stock of a corporation of the class or classes having general voting power under ordinary circumstances to
elect at least a majority of the board of directors, managers or trustees of such corporation provided that, for the purposes hereof, stock which carries only the right to vote conditionally on the happening of an event shall not be considered
voting stock whether or not such event shall have happened. 
 Section 102. Compliance Certificates and Opinions.

 Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture,
the Company shall furnish to the Trustee an 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, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents or any of them is specifically required by any
provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture and in any applicable Security (except Section 1005) shall include: 

 

	 	(1)	a statement that the individual signing such certificate or opinion has read such condition or covenant and the definitions herein and in any applicable Security
relating thereto; 

  

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

  

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

  

	 	(4)	a statement as to whether, in the opinion of such individual, such condition or covenant has been complied with. 

Section 103. Form of Documents Delivered to Trustee. 

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

  
 11 

 Any certificate or opinion of an officer of the Company may be based, insofar as it relates
to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon
which his certificate or opinion is based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the
Company stating that the information with respect to such factual matters is in the possession of the Company unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with
respect to such matters are erroneous. 
 Where any Person is required to make, give or execute two or more applications,
requests, consents, certificates, statements, opinions or other instruments under this Indenture or any Security, they may, but need not, be consolidated and form one instrument. 

Section 104. Acts of Holders. 
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more
instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or
both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the
“Act” of the Holders signing such instrument or instruments and so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be
sufficient for any purpose of this Indenture and (subject to Section 315 of the Trust Indenture Act) conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if made in the manner provided in this Section.
The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 1406. 
 Without
limiting the generality of this Section 104, unless otherwise established in or pursuant to a Board Resolution or set forth or determined in an Officer’s Certificate, or established in one or more indentures supplemental hereto, pursuant
to Section 301, a Holder, including a U.S. Depository that is a Holder of a global Security, may make, give or take, by a proxy, or proxies, duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or
other action provided in this Indenture to be made, given or taken by Holders, and a U.S. Depository that is a Holder of a global Security may provide its proxy or proxies to the beneficial owners of interests in any such global Security through
such U.S. Depository’s standing instructions and customary practices. 
 The Trustee may fix a record date, which shall be
not more than 30 days prior to the first solicitation of Holders, for the purpose of determining the Persons who are beneficial owners of interest in any permanent global Security held by a U.S. Depository entitled under the procedures of such U.S.
Depository to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders to the
Trustee. If such a record date is fixed, 

  
 12 

 
the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled to make, give or take such request, demand, authorization, direction, notice,
consent, waiver or other action, whether or not such Holders remain Holders after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other action shall be valid or effective if made, given or taken more
than 90 days after such record date. 
 (b) The fact and date of the execution by any Person of any such instrument or writing
may be proved in any reasonable manner which the Trustee deems sufficient and in accordance with such reasonable rules as the Trustee may determine; and the Trustee may in any instance require further proof with respect to any of the matters
referred to in this Section. 
 (c) The ownership, principal amount and serial numbers of Registered Securities held by any
Person, and the date of the commencement and the date of termination of holding the same, shall be proved by the Security Register. 
 (d) If the Company shall solicit from the Holders of any Registered Securities any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may at their option, by
Board Resolutions, fix in advance a record date, which shall be not more than 30 days prior to the first solicitation of such Holders, for the determination of Holders of Registered Securities entitled to give such request, demand, authorization,
direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after
such record date, but only the Holders of Registered Securities of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding
Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be deemed effective unless it shall become effective
pursuant to the provisions of this Indenture not later than six months after the record date. 
 (e) Any request, demand,
authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done or suffered to be done by the Trustee, any Security Registrar, any Paying Agent or the Company in reliance thereon, whether or not notation of such action is made upon such Security.

 Section 105. Notices, Etc., to Trustee and Company. 

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

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

  

	 	(2)	the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed,
first-class postage prepaid, or overnight courier guaranteeing next day delivery, to the Company addressed to the attention of its Treasurer at the address of its principal office specified in the first paragraph of this Indenture or at any other
address previously furnished in writing to a Responsible Officer of the Trustee by the Company. 

  
 13 

 Section 106. Notice to Holders; Waiver. 

Except as otherwise expressly provided herein or in any Security, where this Indenture provides for notice to Holders of any event, such
notice shall be sufficiently given to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Registered Security affected by such event, at his address as it appears in the Security Register, not
later than the latest date, and not earlier than the earliest date, prescribed for the giving of such Notice. 
 In any case
where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice with
respect to other Holders of Registered Securities. Any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given or provided. In the case by reason of the suspension of regular mail service or by
reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such
notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any
global Security provides for notice of any event (including any notice of redemption or repurchase) to a Holder of a global Security (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depository (or its designee)
pursuant to the standing instructions from the Depository or its designee, including by electronic mail in accordance with Applicable Procedures. 
 Section 107. Language of Notices. 
 Any request, demand,
authorization, direction, notice, consent, election or waiver required or permitted under this Indenture shall be in the English language, except that, if the Company so elects, any published notice may be in an official language of the country of
publication. 

  
 14 

 Section 108. Conflict With Trust Indenture Act. 

If any provision hereof limits, qualifies or conflicts with the duties imposed pursuant to Section 318(c) of the Trust Indenture
Act, such imposed duties shall control. 
 Section 109. Effect of Headings and Table of Contents. 

The Article and Section headings herein, the Trust Indenture Act reconciliation and tie, and the Table of Contents are for convenience
only and shall not affect the construction hereof. 
 Section 110. Successors and Assigns. 

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

 Section 111. Separability Clause. 
 In case any provision in this Indenture, any Security shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby. 
 Section 112. Benefits Of Indenture. 

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

Section 113. Governing Law. 
 This Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made or instruments entered into and, in each case,
performed in said state. 
 Section 114. Legal Holidays. 

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

  
 15 

 Section 115. Jury Trial Waiver. 

EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO A
TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE OR THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 116. U.S.A. Patriot Act. 
 The Company acknowledges that in
accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies
each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the
requirements of the U.S.A. PATRIOT Act. 
 ARTICLE II. 

SECURITIES FORMS 
 Section 201. Forms Generally. 
 Each Registered Security and temporary
global Security issued pursuant to this Indenture shall be in the form established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, shall have appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture or any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be
determined by the officers executing such Security, as evidenced by their execution of such Security. 
 Definitive Securities
shall be printed, lithographed or engraved or produced by any combination of these methods on a steel engraved border or steel engraved borders or may be produced in any other manner, all as determined by the officers of the Company executing such
Securities, as evidenced by their execution of such Securities. 
 Section 202. Form of Trustee’s Certificate of
Authentication. 
 Subject to Section 611, the Trustee’s certificate of authentication shall be in substantially
the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
  

					
	Dated:	 	Wells Fargo Bank, National Association, as Trustee
			
		 	By:	 	  

		 		 	Authorized Signatory

  
 16 

 Section 203. Securities In Global Form. 

If Securities of a series are issuable in global form, any such Security may provide that it shall represent the aggregate amount of
Outstanding Securities of such series from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be increased or reduced to reflect exchanges pursuant to a
schedule thereto. Any endorsement of any Security in global form to reflect the amount, or any increase or decrease in the amount, or changes in the rights of Holders, of Outstanding Securities represented thereby shall be made in such manner and by
such Person or Persons as shall be specified therein, pursuant to Applicable Procedures, or in the Company Order to be delivered pursuant to Section 303 or 304 with respect thereto. Subject to the provisions of Section 303 and, if
applicable, Section 304, the Trustee shall deliver and redeliver any Security in permanent global form in the manner and upon instructions given by the Person or Persons specified therein, pursuant to Applicable Procedures, or in the applicable
Company Order. If a Company Order pursuant to Section 303 or 304 has been, or simultaneously is, delivered, any instructions by the Company with respect to a Security in global form shall be in writing but need not comply with Section 102
and need not be accompanied by an Opinion of Counsel. 
 The provisions of the immediately preceding sentence shall apply to any
Security represented by a Security in global form if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need not comply with
Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the immediately preceding sentence.

 Notwithstanding the provisions of Section 307, unless otherwise specified as contemplated by Section 301, payment
of principal of and any premium and interest on any Security in permanent global form shall be made to the Person or Persons specified therein. 
 Notwithstanding the provisions of Section 309 and except as provided in the preceding paragraph, the Company, the Trustee and any agent of the Company and the Trustee shall treat as the Holder of
such principal amount of Outstanding Securities represented by a permanent global Security in the case of a permanent global Security in registered form, the Holder of such permanent global Security in registered form. The Company, the Trustee, and
each Agent shall have no responsibility for any actions taken or not taken by the Depository. 

  
 17 

 ARTICLE III. 
 THE SECURITIES 
 Section 301. Amount Unlimited; Issuable in Series.

 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited.
The Securities shall be subordinated in right of payment to Senior Indebtedness as provided in Article XV. 
 The Securities may
be issued in one or more series. There shall be established in or pursuant to one or more Board Resolutions, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto, 

 

	 	(1)	the title of the Securities and the series in which such Securities shall be included; 

 

	 	(2)	any limit upon the aggregate principal amount of the Securities of such title or the Securities of such series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration or transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304, 305, 306, 906, 1107 or 1502 or the terms of such
Securities); 

  

	 	(3)	whether Securities of the series are to be issuable as Registered Securities; 

 

	 	(4)	whether any Securities of the series are to be issuable initially or otherwise in global form and, if so, 

 

	 	(i)	whether beneficial owners of interests in any such global Security may exchange such interest for Securities of such series and of like tenor of any authorized form and
denomination and the circumstances under which any such exchanges may occur, if other than in the manner specified in Section 305; 

  

	 	(ii)	the name of the depository or the U.S. Depository, as the case may be, with respect to any global security; and 

 

	 	(iii)	the manner in which interest payable on a global security will be paid; 

  

	 	(5)	the date as of which any global Security representing Outstanding Securities of the series shall be dated if other than the date of original issuance of the first
Security of the series to be issued; 

  

	 	(6)	the date or dates, or the method, if any, by which such date or dates shall be determined, on which the principal of such Securities is payable;

  

	 	(7)	 the rate or rates at which such Securities shall bear interest, if any, or the method, if any, by which such rate or rates are to be determined, the
date or dates, if any, from which such interest shall accrue or the method, if any, by which such date or 

  
 18 

	 	
dates are to be determined, the Interest Payment Dates, if any, on which such interest shall be payable and the Regular Record Date, if any, for the interest payable on Registered Securities on
any Interest Payment Date, whether and under what circumstances Additional Amounts on such Securities or any of them shall be payable, and the basis upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day
months; 

  

	 	(8)	the Place of Payment, if any, in addition to or other than the Corporate Trust Office, of such Securities, any Registered Securities of the series may be surrendered
for registration of transfer, Securities of the series may be surrendered for exchange and notices or demands to or upon the Company in respect of the Securities of the series and this Indenture may be served; 

 

	 	(9)	whether the Securities of the series or any of them are to be redeemable at the option of the Company and, if so, the period or periods within which, the price or
prices at which and the other terms and conditions upon which such Securities may be redeemed, in whole or in part, at the option of the Company; 

  

	 	(10)	whether the Company is obligated to redeem or purchase Securities of the series or any of them pursuant to any sinking fund or at the option of any Holder thereof and,
if so, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities shall be redeemed or purchased, in whole or in part, pursuant to such obligation, and any provisions for the
remarketing of the Securities of the series so redeemed or purchased; 

  

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

  

	 	(12)	if other than the principal amount thereof, the portion of the principal amount of the Securities of the series or any of them which shall be payable upon declaration
of acceleration of the Maturity thereof pursuant to Section 502 or the method by which such portion is to be determined; 

  

	 	(13)	if other than such currency of the United States of America as at the time of payment is legal tender for payment of public or private debts, the currency, composite
currencies or currency unit or units in which payment of the principal of (and premium, if any) or interest, if any, on or any Additional Amounts in respect of the Securities of the series or any of them shall be payable; 

 

	 	(14)	if the principal of (and premium, if any) or interest, if any, on or any Additional Amounts in respect of the Securities of the series or any of them are to be payable,
at the election of the Company or a Holder thereof, in a currency, composite currencies or currency unit or units other than that in which the Securities of the series or any of them are stated to be payable, the period or periods within which, and
the terms and conditions upon which, such election may be made; 

  
 19 

	 	(15)	whether the amount of payments of principal of (and premium, if any) or interest (including Additional Amounts), if any, on the Securities of the series may be
determined with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on one or more currencies, currency units, composite currencies, commodities, equity indices or other indices), and, if
so, the terms and conditions upon which and the manner in which such amounts shall be determined and paid or payable; 

  

	 	(16)	whether the principal of (and premium, if any) or interest (including Additional Amounts), if any, on the Securities of the series are to be payable, at the election of
the Company or any Holder thereof or otherwise, in a currency or currencies, currency unit or units or composite currency or currencies other than that in which such Securities or any of them are denominated or stated to be payable, the period or
periods within which, and the other terms and conditions upon which, such election, if any, may be made, and the time and manner of determining the exchange rate between the currency or currencies, currency unit or units or composite currency or
currencies in which such Securities or any of them are denominated or stated to be payable and the currency or currencies, currency unit or units or composite currency or currencies in which such Securities or any of them are to be so payable;

  

	 	(17)	any deletions from, modifications of or additions to the Events of Default or covenants of the Company with respect to the Securities of the series or any of them,
whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein; 

  

	 	(18)	the applicability, if any, of Section 403 to the Securities of the series and any provisions in modification of, in addition to or in lieu of any of the provisions
of Section 403; 

  

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

 

	 	(20)	if there is more than one Trustee, the identity of the Trustee and, if not the Trustee, the identity of each Security Registrar, Paying Agent and/or Authenticating
Agent with respect to the Securities of the series; 

  

	 	(21)	whether any of the Securities of a series shall be issued as Original Issue Discount Securities; and 

 

	 	(22)	any other terms of the Securities of the series or any of them (which terms shall not be inconsistent with the provisions of this Indenture). 

All Securities of any one series shall be substantially identical except as to denomination and the rate or rates of interest, if any,
and Stated Maturity, the date from which interest, if any, shall accrue and except as may otherwise be provided by the Company in or pursuant to one or 

  
 20 

 
more Board Resolutions and set forth in such Officer’s Certificate or in any indenture or indentures supplemental hereto pertaining to such series of Securities. All Securities of any one
series need not be issued at the same time and, unless otherwise so provided by the Company, a series may be reopened for issuances of additional Securities of such series. 
 If any of the terms of the Securities of any series were established by action taken by or pursuant to a Board Resolution, the Board Resolution shall be delivered to the Trustee at or prior to the
delivery of the Officer’s Certificate setting forth the terms of such series. 
 Section 302. Denominations.

 Unless otherwise established with respect to any Securities pursuant to Section 301, the Registered Securities of
each series, if any, denominated in Dollars shall be issuable in registered form without coupons in minimum denominations of $1,000 and any integral multiple thereof. Securities not denominated in Dollars shall be issuable in such denominations as
are established with respect to such Securities pursuant to Section 301. 
 Section 303. Execution, Authentication,
Delivery and Dating. 
 The Securities shall be executed on behalf of the Company by its Chairman of the Board, its
President or one of its Vice Presidents. The signature of any of these officers on the Securities may be manual or facsimile. 

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

At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series
executed by the Company, to the Trustee for authentication, and, provided that the Board Resolution or Resolutions and Officer’s Certificate or supplemental indenture or indentures with respect to such Securities referred to in Section 301
and a Company Order for the authentication and delivery of such Securities, has been delivered to the Trustee, the Trustee in accordance with the Company Order and subject to the provisions hereof of such Securities shall authenticate and deliver
such Securities. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities; the Trustee shall be entitled to receive, and (subject to Sections 315(a) through 315(b) of the
Trust Indenture Act) shall be fully protected in relying upon, 
  

	 	(1)	an Opinion of Counsel stating, to the effect 

  

	 	(a)	that the form or forms and terms of such Securities, if any, have been established in conformity with the provisions of this Indenture; 

 

	 	(b)	 that all conditions precedent to the authentication and delivery of such Securities have been complied with and that such Securities, when completed by
appropriate insertion and executed and delivered by the Company to the Trustee for authentication pursuant to this Indenture, and 

  
 21 

	 	
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, this Indenture and such Securities will
constitute legally valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, subject to bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other similar laws affecting the
enforcement of creditors’ rights generally, and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and will entitle the Holders thereof to the benefits of the Indenture;
such Opinion of Counsel need express no opinion as to the availability of equitable remedies; and 

  

	 	(2)	an Officer’s Certificate pursuant to Section 102 and also stating that, to the knowledge of the Person executing such certificate, no Event of Default with
respect to any of the Securities shall have occurred and be continuing. 

 If all the Securities of any series are
not to be issued at one time, it shall not be necessary to deliver an Opinion of Counsel and an Officer’s Certificate at the time of issuance of each Security, but such opinion and certificate, with appropriate modifications, shall be delivered
at or before the time of issuance of the first Security of such series. 
 The Trustee shall not be required to authenticate or
to cause an Authenticating Agent to authenticate any Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a
manner which is not reasonably acceptable to the Trustee or if the Trustee, being advised by counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to
personal liability to existing Holders. 
 Each Registered Security shall be dated the date of its authentication. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such
Security a certificate of authentication substantially in the form provided for in Section 202 or 611 executed by or on behalf of the Trustee by the manual signature of one of its authorized officers, and such certificate upon any Security
shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. 

Section 304. Temporary Securities. 
 Pending the preparation of definitive Securities of any series, the Company may execute and deliver to the Trustee and, upon Company Order the Trustee shall authenticate and deliver, in the manner
provided in Section 303, temporary Securities of such series which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of
which they are issued, in registered form and with such appropriate insertions, omissions, substitutions and other variations as the officers of the Company executing such Securities may determine, as conclusively evidenced by their execution of
such Securities. In the case of Securities of any series, such temporary Securities may be in global form. 

  
 22 

 Except in the case of temporary Securities in global form, which shall be exchanged in
accordance with the provisions thereof, 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 any
series, the temporary Securities of such series, if any, shall be exchangeable upon request for definitive Securities of such series containing identical terms and provisions upon surrender of the temporary Securities of such series at an office or
agency of the Company maintained for such purpose pursuant to Section 1002, without charge to any 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 authorized denominations of the same series containing identical terms and provisions. Unless otherwise specified as contemplated by Section 301
with respect to a temporary global Security, 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. 

Section 305. Registration, Transfer and Exchange. 
 With respect to the Registered Securities of each series, if any, the Company shall cause to be kept, at an office or agency of the Company maintained pursuant to Section 1002 (the “Security
Registrar”), a register (each such register being herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of the
Registered Securities of each series and of transfers of the Registered Securities of such series. In the event that the Trustee shall not be the Security Registrar, it shall have the right to examine the Security Register at all reasonable times.
The Trustee is hereby initially appointed as Security Registrar for each series of Securities. In the event that the Trustee shall cease to be Security Registrar with respect to a series of Securities, the Trustee shall have the right to examine the
Security Register for such series at all reasonable times. 
 Upon surrender for registration of transfer of any Registered
Security of any series at any office or agency of the Company maintained for such series pursuant to Section 1002, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or
transferees, one or more new Registered Securities of the same series of any authorized denominations, of a like aggregate principal amount bearing a number not contemporaneously outstanding and containing identical terms and provisions. 

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

  
 23 

 Notwithstanding the foregoing, except as otherwise specified as contemplated by
Section 301, any global Security of any series shall be exchangeable for definitive Securities of such series only if 
  

	 	(i)	the Securities Depository is at any time unwilling or unable or ineligible to continue as Securities Depository and a successor depository is not appointed by the
Company within 90 days of the date the Company is so notified in writing; 

  

	 	(ii)	the Company executes and delivers to the Trustee a Company Order to the effect that such global Security shall be so exchangeable; or 

 

	 	(iii)	an Event of Default has occurred and is continuing with respect to the Securities and the Registrar has received a written request from the U.S. Depository to issue
definitive securities. 

 If the beneficial owners of interests in a global Security are entitled to exchange such
interests for Securities of such series and of like tenor and principal amount of any authorized form and denomination, as specified as contemplated by Section 301, then without unnecessary delay but in any event not later than the earliest
date on which such interests may be so exchanged, the Company shall deliver to the Trustee definitive Securities of that series in aggregate principal amount equal to the principal amount of such global Security, executed by the Company. On or after
the earliest date on which such interests may be so exchanged, such global Security shall be surrendered from time to time by the U.S. Depository or such other depository as shall be specified in the Company Order with respect thereto, and in
accordance with instructions given to the Trustee and the U.S. Depository or such other depository, as the case may be (which instructions shall be in writing but need not comply with Section 102 or be accompanied by an Opinion of Counsel), as
shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or in part, for definitive Securities of the same series without charge. 

The Trustee shall authenticate and make available for delivery, in exchange for each portion of such surrendered global Security, a like
aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such global Security to be exchanged which shall be in the form of Registered Securities, or any combination
thereof, as shall be specified by the beneficial owner thereof. However, no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities of such series to be redeemed and ending on the
relevant Redemption Date. Promptly following any such exchange in part, such global Security shall be disposed of by the Trustee in accordance with its procedures for the disposition of cancelled securities in effect as of the date of such
disposition. If a Registered Security is issued in exchange for any portion of a global Security after the close of business at the office or agency where such exchange occurs on 

 

	 	(i)	any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date; or 

 

	 	(ii)	any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of interest or Defaulted Interest.

  
 24 

 Interest will not be payable on such Interest Payment Date or proposed date for payment, as
the case may be, in respect of such Registered Security, but will be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such global Security is
payable in accordance with the provisions of this Indenture. 
 All Securities endorsed thereon issued upon any registration of
transfer or exchange of Securities shall be the valid obligations of the Company evidencing the same debt, and entitling the Holders thereof to the same benefits under this Indenture as the Securities surrendered upon such registration of transfer
or exchange. 
 Every Registered Security presented or surrendered for registration of transfer or for exchange or redemption
shall (if so required by the Company or the Security Registrar for such series of Security presented) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and such Security Registrar duly
executed by the Holder thereof or his attorney duly authorized in writing. 
 No service charge shall be made for any
registration of transfer, exchange or redemption of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of
Securities, other than exchanges pursuant to Section 304, 306, 906 or 1107 not involving any transfer. 
 Except as
otherwise specified as contemplated by Section 301, the Company shall not be required 
  

	 	(i)	to issue, register the transfer of or exchange any Securities of any series during a period beginning at the opening of business 15 days before the day of the selection
for redemption of Securities of such series under Section 1103 and ending at the close of business on the day of such selection; or 

  

	 	(ii)	to register the transfer of or exchange any Registered Security so selected for redemption in whole or in part, except in the case of any Security to be redeemed in
part, the portion thereof not to be redeemed; or 

  

	 	(iii)	to issue, register the transfer of or exchange any Security which, in accordance with its terms specified as contemplated by Section 301, has been surrendered for
repayment at the option of the Holder, except the portion, if any, of such Security not to be repaid. 

Section 306. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, subject to the provisions of this Section 306, the Company shall execute
and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series containing identical terms and of like principal amount. 

  
 25 

 If there be delivered to the Company and to the Trustee 

 

	 	(i)	evidence to their satisfaction of the destruction, loss or theft of any Security; and 

 

	 	(ii)	such Security or indemnity as may be required by them to save each of them and any agent of either of them harmless, 

then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and
upon its request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Security, a new Security of the same series containing identical terms and of like principal amount. 

Notwithstanding the foregoing provisions of this Section 306, in case any such mutilated, destroyed, lost or stolen Security has
become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. However, payment of principal of (and premium, if any), shall, except as otherwise provided in Section 1002,
be payable only at an office or agency located outside the United States. 
 Upon the issuance of any new Security under this
Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall
constitute a separate 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. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights
and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 

Section 307. Payment of Interest; Interest Rights Preserved. 

Unless otherwise specified as contemplated by Section 301, interest on any Registered Security which is payable, and is punctually
paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered as of the close of business on the Regular Record Date for such interest.

  
 26 

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

	 	(1)	The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Registered Securities affected (or their respective Predecessor
Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted
Interest proposed to be paid on each such Registered Security and the date of the proposed payment. At the same time, the Company shall deposit on or 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. When deposited, such money will be held in trust for the benefit of the Persons entitled to such Defaulted
Interest as provided in this Clause (1). The Company shall fix a Special Record Date for the payment of Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10
days after providing the Trustee of the notice of the proposed payment. The Company shall promptly notify the Trustee of such Special Record Date. In the name and at the expense of the Company, the Trustee shall cause notice of the proposed payment
of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of such Registered Securities at his or her address as it appears in the Security Register not less than 10 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 Registered 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 (2). 

 

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

 At the option of the Company, interest on Registered Securities of any series that bear interest may be paid by
mailing a check to the address of the person entitled thereto as such address shall appear in the Security Register. 
 Subject
to the foregoing provisions of this Section 307 and Section 305, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued
and unpaid, and to accrue, which were carried by such other Security. 

  
 27 

 Section 308. Persons Deemed Owners. 

Prior to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or
the Trustee may treat the Person in whose name such Registered Security is registered as the owner of such Registered Security for the purpose of receiving payment of principal of (and premium, if any), and (subject to Sections 305 and 307) interest
on or any Additional Amounts with respect to such Registered Security, and for all other purposes whatsoever, whether or not any payment with respect to such Registered Security be overdue. Neither the Company, the Trustee nor any agent of the
Company or the Trustee shall be affected by notice to the contrary. 
 Section 309. Cancellation. 

All Securities surrendered for payment, redemption, registration of transfer, exchange or for credit against any sinking fund payment
shall, if surrendered to any Person other than the Trustee or the Security Registrar, be delivered to the Trustee or the Security Registrar. Any such Securities and Securities surrendered directly to the Trustee or the Security Registrar for any
such purpose shall be promptly cancelled by the Trustee or the Security Registrar, as the case may be. The Company may at any time deliver to the Trustee or the Security Registrar for cancellation any Securities previously authenticated and
delivered hereunder which the Company may have acquired in any manner whatsoever. All Securities so delivered shall be promptly cancelled by the Trustee or the Security Registrar, as the case may be. 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 or as otherwise specified as contemplated by Section 301. The Trustee shall dispose of cancelled Securities in accordance
with its procedures for the disposition of cancelled securities in effect as of the date of such disposition, and certification of the disposition of all cancelled Notes shall be delivered to the Company upon cancellation upon request. 

Section 310. Computation of Interest. 
 Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day
months. 
 Section 311. CUSIP Numbers. 
 The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee may use “CUSIP” numbers in notices as a convenience to Holders;
provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice and that reliance may be placed only on the other identification numbers
printed on the Securities, and any such notice shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee of any change in the “CUSIP” numbers. 

  
 28 

 ARTICLE IV. 
 SATISFACTION AND DISCHARGE 
 Section 401. Satisfaction and
Discharge of Indenture. 
 Upon the direction of the Company by a Company Order, this Indenture shall cease to be of further
effect with respect to any series of Securities specified in such Company Order (except as to any surviving rights of registration of transfer or exchange of Securities of such series herein expressly provided for and any right to receive Additional
Amounts, as provided in Section 1004). The Trustee, on receipt of a Company Order, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series, when 

 

	 	(1)	either 

  

	 	(a)	all Securities of such series theretofore authenticated and delivered, other than: 

 

	 	(i)	Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306; and 

 

	 	(ii)	Securities of such series for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the
Company or discharged from such trust, as provided in Section 1003 have been delivered to the Trustee for cancellation; or 

  

	 	(b)	all Securities of such series that: 

  

	 	(i)	have become due and payable; or 

  

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

  

	 	(iii)	will not become due and payable within one year of the date of the Company’s depositing of funds, as described in the succeeding paragraph, but with the giving of
notice of such deposit to the Holders of the Securities; or 

  

	 	(iv)	if redeemable at the option of the Company, such Securities are to be called for redemption within one year under arrangements satisfactory to the Trustee for the
giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 

 and the Company,
in the case of (b)(i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as funds in trust, lawful money of the United 

  
 29 

 
States or Government Obligations which, through the payment of interest and principal or other amounts in respect thereof in accordance with their terms, will provide not later than the opening
of business on the due dates of any payment of principal (and premium, if any) and interest, or any Additional Amounts with respect thereto, or a combination thereof, in an amount sufficient to pay and discharge the entire indebtedness on such
Securities not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest, or any Additional Amounts with respect thereto, to the date of such deposit (in the case of Securities which have become due and
payable) or to the Stated Maturity or Redemption Date, as the case may be; 
  

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

 

	 	(3)	the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that no Event of Default or event which with notice or
lapse of time or both would become an Event of Default with respect to such Securities shall have occurred and all conditions precedent herein provided for relating to the satisfaction and discharge of the entire indebtedness on all Outstanding
Securities of any such series have been complied with. 

 In the event there are Securities of two or more series
hereunder, the Trustee shall be required to execute an instrument acknowledging satisfaction and discharge of this Indenture only if requested to do so with respect to Securities of all series as to which it is Trustee and if the other conditions
thereto are met. In the event there are two or more Trustees hereunder, then the effectiveness of any such instrument shall be conditioned upon receipt of such instruments from all Trustees hereunder. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 606
and, if money shall have been deposited with the Trustee pursuant to subclause (b) of Clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of Section 1003 shall survive such
satisfaction and discharge. 
 Section 402. Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401
or this Section 402 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying
Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and any interest or any Additional Amounts for whose payment such money has been deposited with the Trustee. Such money need not be
segregated from other funds except to the extent required by law. 

  
 30 

 Section 403. Satisfaction, Discharge and Defeasance of Securities of Any Series.

 If pursuant to Section 301 provision is made for defeasance of Securities of any series pursuant to this
Section 403, the Company shall be deemed to have paid and discharged the entire indebtedness on all the Outstanding Securities of such series and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of such indebtedness, when 
  

	 	(1)	either 

  

	 	(a)	with respect to all Outstanding Securities of such series, 

  

	 	(i)	the Company has deposited or caused to be deposited with the Trustee, as trust funds in trust for such purpose, an amount sufficient to pay and discharge the entire
indebtedness on all Outstanding Securities of such series for principal (and premium, if any), any Additional Amounts, and interest to the Stated Maturity or any Redemption Date as contemplated by the penultimate paragraph of this Section 403,
as the case may be; or 

  

	 	(ii)	with respect to any Series of Securities which are denominated in United States dollars, the Company has deposited or caused to be deposited with the Trustee, as
obligations in trust for such purpose, such amount of direct obligations of, or obligations the timely payment of the principal of and interest on which are fully guaranteed by, the United States of America and which are not callable at the option
of the issuer thereof as will, together with the income to accrue thereon without consideration of any reinvestment thereof; be sufficient, in the written opinion of a nationally recognized firm of independent public accountants delivered to the
Trustee, to pay and discharge the entire indebtedness on all Outstanding Securities of such series for principal (and premium, if any), any Additional Amounts, and interest to the stated Maturity or any Redemption Date as contemplated by the
penultimate paragraph of this Section 403; or 

  

	 	(b)	the Company has properly fulfilled such other means of satisfaction and discharge as is specified, as contemplated by Section 301, to be applicable to the
Securities of such series; and 

  

	 	(2)	the Company has paid or caused to be paid all other sums payable hereunder with respect to the Outstanding Securities of such series; and 

 

	 	(3)	the Company has delivered to the Trustee, an Officer’s Certificate stating that no Event of Default or event which with notice or lapse of time or both would
become an Event of Default with respect to such Securities shall have occurred and all conditions precedent herein provided for relating to the satisfaction and discharge of the entire indebtedness on all Outstanding Securities of any such series
have been complied with; and 

  
 31 

	 	(4)	the Company has delivered to the Trustee 

  

	 	(a)	a ruling from the Internal Revenue Service or an opinion of independent counsel that the holders of the Securities of such series will not recognize income, gain or
loss for Federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times, as would have been the case if such deposit,
defeasance and discharge had not occurred; and 

  

	 	(b)	if the Securities of such series are then listed on the New York Stock Exchange, an Opinion of Counsel that the Securities of such series will not be delisted as a
result of the exercise of this option. 

 Any deposits with the Trustee referred to in subsection (1)(a) of
this Section shall be irrevocable and shall be made under the terms of a trust agreement in form and substance satisfactory to the Trustee. If any Outstanding Securities of such series are to be redeemed prior to their Stated Maturity, whether
pursuant to any optional redemption or repayment provisions or in accordance with any mandatory sinking fund requirement, the Company shall make such arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the
Trustee in the name, and at the expense, of the Company. 
 Upon the satisfaction of the conditions set forth in this
Section 403 with respect to all the Outstanding Securities of any series, the terms and conditions of such series, including the terms and conditions with respect thereto set forth in this Indenture, other than the provisions of Sections 305,
306, and 1002, other than the right of Holders of Securities of such series to receive, from the trust fund described in this Section, payment of the principal (and premium, if any) of the interest on or any Additional Amounts with respect to such
Securities when such payments are due, and the rights, powers, duties and immunities of the Trustee hereunder, shall no longer be binding upon, or applicable to, the Company except those responsibilities and obligations which by the terms of the
Indenture survive the termination of the Indenture; provided that the Company shall not be discharged from any payment obligations in respect of Securities of such series which are deemed not to be Outstanding under clause (iii) of the
definition thereof if such obligations continue to be valid obligations of the Company under applicable law. 
 ARTICLE V.

 REMEDIES 
 Section 501. Event of Default. 
 “Event of Default,”
wherever used herein with respect to Securities of any series, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or be effected by operation of law pursuant to any judgment, decree
or order 

  
 32 

 
of any court or any order, rule or regulation of any administrative or governmental body) unless such event is either inapplicable to a particular series or is specifically deleted or modified in
the applicable Board Resolution or in the supplemental indenture under which such series of Securities is issued, as the case may be, as contemplated hereby: 
  

	 	(1)	default in the payment of any interest upon or any Additional Amounts payable in respect of any Security of such series when such interest becomes or Additional Amounts
become due and payable, and continuance of such default for a period of 30 days; or 

  

	 	(2)	default in the payment of the principal of (and premium, if any, on) any Security of that series when it becomes due and payable at Maturity or upon redemption; or

  

	 	(3)	default in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series; or 

 

	 	(4)	default in the performance, or breach, of any covenant or warranty of the Company in this Indenture or the Securities (other than a covenant or warranty default in the
performance or the breach of which is elsewhere in this Section specifically dealt with or which has been expressly included in this Indenture solely for the benefit of a series of Securities other than such series), and continuance of such default
or breach for a period of 90 days after there has been given, by registered or certified mail, or overnight courier guaranteeing next day delivery, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in
principal amount of the Outstanding Securities of that series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

 

	 	(5)	a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company in an involuntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect, and adjudging it a bankrupt or insolvent or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company or a Principal Subsidiary Bank
or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; 

 

	 	(6)	the Company shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or shall consent to the entry
of an order for relief in any involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or similar official) of the Company or a Principal
Subsidiary Bank or for any substantial part of its property, or shall make any general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due or shall take any corporate action in furtherance of any of
the foregoing; 

  
 33 

	 	(7)	any other Event of Default provided in the Officers’ Certificate or supplemental indenture under which such series of Securities is issued or in the form of
Security for such series; or 

  

	 	(8)	a receivership of a Principal Subsidiary Bank. 

 If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of
Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the
exercise of any power granted herein, or to enforce any other proper remedy. 
 Section 502. Acceleration of Maturity;
Rescission and Annulment. 
 If an Event of Default with respect to Securities of any series at the time Outstanding occurs
and is continuing, then the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal of all the Securities of that series, or such lesser amount as may be provided for in
the Securities of that series, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal or such lesser amount shall become immediately due and
payable. 
 At any time after such a declaration of acceleration with respect to 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 in this Article V provided, the Holders of not less than a majority in principal amount of the Outstanding Securities of that series, by written
notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 
  

	 	(1)	the Company has paid or deposited with the Trustee a sum sufficient to pay 

 

	 	(a)	all overdue installments of interest on and any Additional Amounts payable in respect of all Securities of such series; 

 

	 	(b)	the principal of (and premium, if any, on) any Securities of such series which have become due otherwise than by such declaration of acceleration and interest thereon
at the rate or rates borne by or provided for in such Securities; 

  

	 	(c)	to the extent that payment of such interest is lawful, interest upon overdue installments of interest or any Additional Amounts at the rate or rates borne by or
provided for in such Securities; 

  

	 	(d)	all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel as
provided in Section 606 hereof; and 

  

	 	(2)	all Events of Default with respect to Securities of such series have been cured or waived as provided in Section 513. 

  
 34 

 No such rescission shall affect any subsequent default or impair any right consequent
thereon. 
 Section 503. Collection of Indebtedness and Suits For Enforcement By Trustee. 

The Company covenants that if 
  

	 	(1)	default is made in the payment of any installment of interest on or any Additional Amounts payable in respect of any Security when such interest or Additional Amounts
shall have become due and payable and such default continues for a period of 30 days; or 

  

	 	(2)	default is made in the payment of the principal of (or premium, if any, on) any Security at its Maturity; 

the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such
Securities for principal (and premium, if any) and interest or Additional Amounts, if any, with interest upon the overdue principal (and premium, if any) and, to the extent that payment of such interest shall be legally enforceable, upon overdue
installments of interest or any Additional Amounts, at the rate or rates borne by or provided for in such Securities. In addition, the Company shall pay to the Trustee such further amount as shall be sufficient to cover the costs and expenses of
collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon such Securities and collect the
moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 
 Section 504. Trustee May File Proofs of Claim. 
 In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or
of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made
any demand on the Company for the payment of any overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
  

	 	(1)	 to file and prove a claim for the whole amount or such lesser amount as may be provided for in the Securities of such series, of principal (and
premium, if any) 

  
 35 

	 	
and interest and any Additional Amounts owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of
the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents or counsel) and of the Holders allowed in such judicial proceeding; and 

 

	 	(2)	to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same. 

Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Holder of Securities to make such payments to the Trustee or, in the event that the Trustee shall consent to the making of such payments directly to the Holders of Securities, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 606. To the extent that the payment of any such compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 606 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a lien on, and
shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.
The Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ committee or other similar committee. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
of a Security any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a Security in any such
proceeding. 
 Section 505. Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture or any of the Securities may be prosecuted and enforced by the Trustee without the
possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery or judgment, after
provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, shall be for the ratable benefit of the Holders of the Security in respect of which such judgment has been
recovered. 

  
 36 

 Section 506. Application of Money Collected. 

Any money or property collected by the Trustee pursuant to this Article, and after an Event of Default, any money or other property
distributable in respect of the Company’s obligations under this Indenture, shall be applied in the following order, at the date or dates fixed by the Trustee. In case of the distribution of such money on account of principal (and premium, if
any), interest or any Additional Amounts, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

 

			
	FIRST:	  	To the payment of all amounts due the Trustee and any predecessor Trustee under Section 606;
		
	SECOND:	  	To holders of Senior Indebtedness to the extent required by Article XV;
		
	THIRD:	  	To the payment of the amounts then due and unpaid upon the Securities for principal (and premium, if any) and interest or any Additional Amounts payable in respect of which or for
the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the aggregate amounts due and payable on such Securities for principal (and premium, if any), interest or any Additional Amounts,
respectively;
		
	FOURTH:	  	The balance, if any, to the Company.

 Section 507. Limitation on Suits. 

No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
  

	 	(1)	such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of such series; 

 

	 	(2)	the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

  

	 	(3)	such Holder or Holders have offered reasonably satisfactory indemnity to the Trustee against the costs, expenses and liabilities to be incurred in compliance with such
request; 

  

	 	(4)	the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 

 

	 	(5)	no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the
Outstanding Securities of such series; 

 it being understood and intended that these limitations do not apply to a suit
instituted by a Holder for the enforcement of payment of the principal of or any premium and interest on the Security on or after the maturity date and no one or more of such Holders shall have any right in any manner whatever by virtue of, or by
availing of, any provision of this Indenture or any 

  
 37 

 
Security to affect, disturb or prejudice the rights of any other such Holders or Holders of Securities of any other series, or to obtain or to seek to obtain priority or preference over any other
Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 
 Section 508. Unconditional Right of Holders to Receive Principal, Premium, Interest and Additional Amounts. 
 Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of (and premium, if any)
and (subject to Sections 305 and 307) interest on or any Additional Amounts in respect of such Security on the respective Stated Maturity or Maturities specified in such Security (or, in the case of redemption, on the Redemption Date) and to
institute suit for the enforcement of any such payment. Such rights shall not be impaired without the consent of such Holder. 

Section 509. Restoration of Rights and Remedies. 
 If the Trustee or any Holder of a Security has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has
been determined adversely to the Trustee or to such Holder, then and in every such case the Company, the Trustee and each such Holder shall, subject to any determination in such proceeding, be restored severally and respectively to their former
positions hereunder, and thereafter all rights and remedies of the Trustee and each such Holder shall continue as though no such proceeding had been instituted. 
 Section 510. Rights and Remedies Cumulative. 
 Except as otherwise
provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to each and every Holder of a
Security is intended to be exclusive of any other right or remedy. Every right and remedy, to the extent permitted by law, shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in
equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 511. Delay or Omission Not Waiver. 
 No delay or omission of the Trustee or of any Holder of any Security to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any
such Event of Default or an acquiescence therein. Every right and remedy given by this Article V or by law to the Trustee or to any Holders of a Security may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or
by such Holders, as the case may be. 

  
 38 

 Section 512. Control By Holders. 

The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method
and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series, provided that 

 

	 	(1)	such direction shall not be in conflict with any rule of law or with this Indenture; 

 

	 	(2)	the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction; 

 

	 	(3)	such direction is not unduly prejudicial to the rights of other Holders of Securities of such series (it being understood that the Trustee does not have an affirmative
duty to ascertain whether or not any such directions are unduly prejudicial to such Holders); and 

  

	 	(4)	such direction shall not involve the Trustee in personal liability. 

 Section 513. Waiver of Past Defaults. 
 The Holders of not less than a
majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default (as defined below) hereunder with respect to such series and its consequences, except a
default 
  

	 	(1)	in the payment of the principal of (and premium, if any) or interest on or Additional Amounts payable in respect of any Security of such series; or

  

	 	(2)	in respect of a covenant or provision hereof which under Article IX cannot be modified or amended without the consent of the Holder of each Outstanding Security of such
series affected. 

 Upon any such waiver, such default shall cease to exist, and any default arising therefrom
shall be deemed to have been cured, for every purpose of this Indenture. No such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
 Section 514. Waiver of Stay or Extension Laws. 
 The Company covenants
(to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force,
which may affect the covenants or the performance of this Indenture. The Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the
execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

  
 39 

 Section 515. Undertaking for Costs 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or
omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 515 does not apply to a suit by the Trustee, a suit by a Holder of a
Security pursuant to Section 508 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Securities of a series. 
 ARTICLE VI. 
 THE TRUSTEE 

Section 601. Notice of Defaults. 
 Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall transmit in the manner and to the extent provided in Section 313(c) of the
Trust Indenture Act, notice of such default hereunder known to a Responsible Officer of the Trustee, unless such default shall have been cured or waived. However, except in the case of a default in the payment of the principal of (or premium, if
any) or interest on, or any Additional Amounts with respect to, any Security of such series or in the payment of any sinking fund installment with respect to Securities of such series, the Trustee shall be protected in withholding such notice if and
so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of Securities of
such series; provided, further, that in the case of default of the character specified in Section 501(4) with respect to Securities of such series, no such notice to Holders shall be given until at least 60 days after the occurrence thereof.
For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, and Event of Default, with respect to Securities of such series. 

Section 602. Certain Rights and Obligations of Trustee. 

 

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

 

	 	(b)	Except during the continuance of an Event of Default: 

  

	 	(i)	the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically
set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

  

	 	(ii)	in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein,
upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this
Indenture (but need not confirm or investigate the accuracy of any mathematical calculations or other facts stated therein). 

  
 40 

	 	(c)	The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that:

  

	 	(i)	this paragraph does not limit the effect of paragraph (b) of this Section 602; 

 

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

  

	 	(iii)	the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to
Section 512. 

  

	 	(d)	Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and
(c) of this Section 602. 

  

	 	(e)	No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its
duties hereunder or in the exercise of any of its rights or powers if it has reasonable grounds for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. The Trustee shall
not be required to give any bond or surety in respect of the performance of its powers or duties hereunder. 

  

	 	(f)	Subject to the provisions of Sections 315(a) through 315(d) of the Trust Indenture Act: 

 

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

	 	(ii)	 any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or a Company Order or an Officer’s
Certificate (other than delivery of any Security to the Trustee for authentication and delivery pursuant to Section 303 which shall be 

  
 41 

	 	
sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution or Board Resolutions; 

 

	 	(iii)	whenever in the administration of this Indenture, the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any
action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, require and rely upon an Officer’s Certificate or an Opinion of Counsel or both; 

 

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

  

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

  

	 	(vi)	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 or other paper or document, and shall have no duty to inquire as to the performance by the Company of any of its covenants in the Indenture, but the Trustee, in its discretion, may make
such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

 

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

  

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

  
 42 

	 	(ix)	the Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless
written notice from the Company or Holders of 25% in aggregate principal amount of the Securities of a series of any event which is in fact such a default is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the
Trustee, and such notice references the Securities and this Indenture; 

  

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

 

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

  

	 	(xii)	the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time to furnish the
Trustee with directions relating to any other matter requiring direction from the Company pursuant to this Indenture; 

  

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

 

	 	(xiv)	the permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty of the Trustee. 

Section 603. Not Responsible For Recitals or Issuance of Securities. 

The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication shall be taken as the
statements of the Company and neither the Trustee nor any Authenticating Agent assumes responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities and shall not
be responsible for any statement in any document in connection with the sale of any series of Securities. 

  
 43 

 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 at the date of execution, subject to the qualifications set
forth therein. The Trustee or any Authenticating Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof or any funds paid to the Company pursuant to its direction in accordance with this
Indenture. 
 Section 604. May Hold Securities. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other Person that may be an agent of the Trustee
or the Company, 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 Trust Indenture Act, may otherwise deal with the Company with the same rights it would have if it
were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other Person. 
 Section 605. Money
Held In Trust. 
 Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent
required by law and shall be held uninvested. 
 The Trustee shall be under no liability for interest on any money received by
it hereunder except as otherwise agreed in writing with the Company. 
 Section 606. Compensation and Reimbursement.

 The Company agrees 
  

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

  

	 	(2)	to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of
this Indenture (including the reasonable compensation and the reasonable expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its negligence or willful misconduct; and

  

	 	(3)	to indemnify each of the Trustee and any predecessor Trustee and its officers, directors, employees and agents for, and to hold them harmless against, any liability,
claim, damage or expense including reasonable counsel fees and expenses and taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred without negligence or willful misconduct on their part, arising out of
or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of their powers or
duties hereunder. 

  
 44 

 As security for the performance of the obligations of the Company under this Section, the
Trustee shall have a lien prior to the Securities of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (or premium, if any) or interest on Securities. When the
Trustee incurs expenses or renders services after an Event of Default occurs, the expenses and compensation for the services of the Trustee are intended to constitute expenses of administration under any bankruptcy law or any similar federal or
state law for the relief of debtors. 
 The provisions of this Section 606 shall survive the termination of this Indenture
and the resignation or removal of the Trustee. “Trustee” for the purposes of this Section 606 shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person
employed to act hereunder; provided, however, that the negligence or willful misconduct of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 

Section 607. Corporate Trustee Required; Eligibility; Conflicting Interests. 

There shall at all times be a Trustee hereunder that is a corporation permitted by Section 310(a)(1) and (5) of the Trust
Indenture Act to act as trustee under the Trust Indenture Act and that has a combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000. If at any time the Trustee shall cease
to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. If the Trustee has or shall acquire any conflicting interest, as defined in
Section 310(b) of the Trust Indenture Act, with respect to the Securities of any series, the Trustee shall take such action as is required pursuant to said Section 310(b). There shall be excluded from the operation of Trust Indenture Act
Section 310(b)(i) any series of Securities and 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 Trust Indenture Act Section 310(b)(i) are met. 
 Section 608. Resignation and Removal; Appointment of
Successor. 
  

	 	(1)	No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment
by the successor Trustee pursuant to Section 609. 

  

	 	(2)	The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance
by a successor Trustee required by Section 609 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the
appointment of a successor Trustee with respect to such series. 

  

	 	(3)	 The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the
Outstanding 

  
 45 

	 	
Securities of such series, delivered to the Trustee and the Company. If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the
giving of such notice of removal, the Trustee being removed may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series.

  

	 	(4)	If at any time: 

  

	 	(a)	the Trustee shall fail to comply with the obligations imposed upon it under Section 310(b) of the Trust Indenture Act after written request therefor by the Company
or by any Holder of a Security who has been a bona fide Holder of a Security for at least six months; or 

  

	 	(b)	the Trustee shall cease to be eligible under Section 607 and shall fail to resign after written request therefor by the Company or by any such Holder of a
Security; or 

  

	 	(c)	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 or pursuant to a Board Resolution, may remove the Trustee with respect to all Securities, or 

 

	 	(ii)	subject to Section 315(e) of the Trust Indenture Act, any Holder of a Security who has been a bona fide Holder of a Security of any series for at least six months
may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities of such series and the appointment of a successor Trustee or Trustees.

  

	 	(5)	 If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect
to the Securities of one or more series, the Company shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to
the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable requirements of Section 609. If, within one
year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding
Securities 

  
 46 

	 	
of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable
requirements of Section 609, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any
series shall have been so appointed by the Company or the Holders of Securities and accepted appointment in the manner required by Section 609, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least
six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

 

	 	(6)	The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor
Trustee with respect to the Securities of any series by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of Registered Securities, if any, of such series as their names and addresses appear in the Security
Register 

 Section 609. Acceptance of Appointment By Successor. 

 

	 	(1)	In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall execute, acknowledge and
deliver to the Company and the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or
conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee. On the request of the Company and/or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an
instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject
nevertheless to its claim, if any, provided for in Section 606. 

  

	 	(2)	In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and
each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which 

 

	 	(a)	shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and
duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; 

  
 47 

	 	(b)	if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee; and 

 

	 	(c)	shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee. 

 Nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees
of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible for any notice given to,
or received by, or any act or failure to act on the part of any other Trustee hereunder, and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent
provided therein, such retiring Trustee shall with respect to the Securities of that or those series to which the appointment of such successor Trustee relates have no further responsibility for the exercise of rights and powers or for the
performance of the duties and obligations vested in the Trustee under this Indenture other than as hereinafter expressly set forth, and each such successor Trustee without any further act, deed or conveyance, shall become vested with all the rights,
powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall
duly assign, transfer and deliver to such successor Trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which
the appointment of such successor Trustee relates. 
  

	 	(3)	Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor
Trustee all such rights, powers and trusts referred to in paragraph (1) or (2) of this Section, as the case may be. 

  

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

 Section 610. Merger, Conversion, Consolidation or Succession to Business. 

Without the execution or filing of any paper or any further act on the part of any of the parties hereto: 

 

	 	(1)	any corporation into which the Trustee may be merged or converted or with which it may be consolidated; or 

 

	 	(2)	any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party; or 

 

	 	(3)	any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, 

  
 48 

 shall be the successor of the Trustee hereunder, provided that such corporation shall be otherwise qualified
and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any
successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities.

 Section 611. Appointment of Authenticating Agent. 

The Trustee may appoint an Authenticating Agent or Authenticating Agents, which may be an Affiliate of the Company, with respect to one
or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of that or those series issued upon original issue or exchange, registration of transfer or partial redemption or pursuant to
Section 306. Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the
authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate
of authentication executed on behalf of the Trustee by an Authenticating Agent. 
 Each Authenticating Agent shall be acceptable
to the Company and, except as specified as contemplated by Section 301, shall at all times 
  

	 	(1)	be a corporation that would be permitted by Section 310(a)(1) and (5) of the Trust Indenture Act to be able to act as a trustee under an indenture qualified
under the Trust Indenture Act; 

  

	 	(2)	be authorized under applicable law and by its charter to act as such; and 

  

	 	(3)	have a combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of not less than $50,000,000.

 If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this
Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. If the Authenticating Agent has or shall acquire any conflicting interest, as defined in Section 310(b) of the Trust
Indenture Act, with respect to the Securities of any series, the Authenticating Agent shall take such action as is required pursuant to said Section 310(b). 
 Without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent, 
  

	 	(1)	any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated; or 

  
 49 

	 	(2)	any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party; or 

 

	 	(3)	any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, 

shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing
of any paper or any further act on the part of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at
any time by giving written notice thereof to the Trustee and the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and the Company. Upon receiving such
a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall
be acceptable to the Company. At such time, the Trustee shall also mail written notice of such appointment by first-class mail, postage prepaid, to all Holders of Registered Securities, if any, of the series with respect to which such Authenticating
Agent will serve, as their names and addresses appear in the Security Register. 
 Any successor Authenticating Agent upon
acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. 

No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 

The Company agrees to pay each Authenticating Agent from time to time reasonable compensation for its services under this Section. If the
Trustee makes such payments, it shall be entitled to be reimbursed for such payments, subject to the provisions of Section 606. 
 The provisions of Sections 308, 603 and 604 shall be applicable to each Authenticating Agent. 
 If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate
of authentication, an alternate certificate of authentication in the following form: 
 This is one of the Securities of the
series designated herein referred to in the within-mentioned Indenture. 
  

							
	Dated:	 		 	Wells Fargo Bank, National Association, as Trustee
				
		 		 	By:	 	  

		 		 		 	As Authenticating Agent
				
		 		 	By:	 	  

		 		 		 	Authorized Signatory

  
 50 

 If all of the Securities of any series may not be originally issued at one time, and if the Trustee does not
have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested in writing (which
writing need not comply with Section 102) by the Company, shall appoint in accordance with this Section an Authenticating Agent having an office in a Place of Payment designated by the Company with respect to such series of Securities.

 Section 612. Preferential Collection of Claims Against Company. 

The Trustee is subject to Trust Indenture Act Section 311(a), excluding any creditor relationship listed in Trust Indenture Act
Section 311(b). A Trustee who has resigned or been removed shall be subject to Trust Indenture Act Section 311(a) to the extent indicated therein. 
 ARTICLE VII. 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

 Section 701. Company to Furnish Trustee Names and Addresses of Holders. 

In accordance with Section 312(a) of the Trust Indenture Act, the Company will furnish or cause to be furnished to the Trustee

  

	 	(1)	semi-annually, not later than 15 days after the Regular Record Date for interest for each series of Securities, a list, in such form as the Trustee may reasonably
require, of the names and addresses of the Holders of Registered Securities of such series as of such Regular Record Date, or if there is no Regular Record Date for interest for such series of Securities, semi-annually, upon such dates as are set
forth in the Board Resolution or indenture supplemental hereto authorizing such series; and 

  

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

 provided, however, that so long as the Trustee is the
Security Registrar no such list shall be required to be furnished. 
 Section 702. Preservation of Information;
Communications to Holders. 
  

	 	(1)	The Trustee shall comply with the obligations imposed upon it pursuant to Section 312(b) of the Trust Indenture Act. 

 

	 	(2)	Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any Paying Agent nor
any Security Registrar shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance with Section 312 of the Trust Indenture Act, regardless of the source
from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act. 

  
 51 

 Section 703. Reports By Trustee. 

 

	 	(1)	Within 60 days after November 15 of each year commencing with the year following the first issuance of Securities pursuant to Section 301, if required by
Section 313(a) of the Trust Indenture Act, the Trustee shall transmit pursuant to Section 313(c) of the Trust Indenture Act a brief report dated as of such November 15 with respect to any of the events specified in said
Section 313(a) which may have occurred since the later of the immediately preceding November 15 and the date of this Indenture. The Trustee shall comply with Trust Indenture Act Section 313(b) to the extent applicable.

  

	 	(2)	The Trustee shall transmit the reports required by Section 313(a) of the Trust Indenture Act at the times specified therein. 

 

	 	(3)	Reports pursuant to this Section shall be transmitted in the manner and to the Persons required by Sections 313(c) and (d) of the Trust Indenture Act.

 Section 704. Reports By Company. 

The Company, pursuant to Section 314(a) of the Trust Indenture Act, shall: 

 

	 	(1)	file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of the annual reports and of the information, documents
and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the Commission pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934; 

  

	 	(2)	file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such additional information,
documents and reports with respect to compliance by the Company with respect to compliance by such obligor with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and

  

	 	(3)	transmit to Holders within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided in Section 313(c) of the Trust Indenture
Act, such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (1) and (2) of this Section as may be required by rules and regulations prescribed from time to time by the
Commission; and 

  
 52 

 Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates or statements delivered pursuant to Section 1005). 
 ARTICLE VIII. 
 CONSOLIDATION, MERGER AND SALES 

Section 801. Company May Consolidate, Etc., Only on Certain Terms. 

Nothing contained in this Indenture or in any of the Securities shall prevent any consolidation or merger of the Company with or into any
other Person or Persons (whether or not affiliated with the Company), or successive consolidations or mergers in which the Company or its successor or successors shall be a party or parties, or shall prevent any conveyance, transfer or lease of the
property of the Company as an entirety or substantially as an entirety, to any other Person (whether or not affiliated with the Company). However, 
  

	 	(1)	in case the Company shall consolidate with or merge into another Person or convey, transfer or lease its properties and assets substantially as an entirety to any
Person, the entity formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company substantially as an entirety shall be a corporation
organized and existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, by an indenture (or indentures, if at such time there is more than one Trustee) supplemental hereto,
executed and delivered by the successor Person to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest on or any Additional Amounts in respect of all the Securities and
the performance of every other covenant of this Indenture on the part of the Company to be performed or observed; 

  

	 	(2)	immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or a Subsidiary as a result of such
transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no default, and no event which, after notice or lapse of time or both, would become a default, shall have happened and be continuing; and

  

	 	(3)	each of the Company and the successor Person has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation,
merger, conveyance, transfer or lease and such supplemental indenture comply with this Article VIII and that all conditions precedent herein provided for relating to such transaction have been complied with, and constitutes the legal, valid and
binding obligation of the Company and the successor Person. 

  
 53 

 Section 802. Successor Corporation Substituted For Company. 

Upon any consolidation or merger or any conveyance, transfer or lease of the properties and assets of the Company substantially as an
entirety to any Person in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease 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 Person had been named as the Company herein, and thereafter, except in the case of a lease to another Person, the predecessor Person
shall be relieved of all obligations and covenants under this Indenture and the Securities. 
 ARTICLE IX. 

SUPPLEMENTAL INDENTURES 
 Section 901. Supplemental Indentures Without Consent of Holders. 

Without the consent of any Holders of Securities, the Company, when authorized by Board Resolutions, 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 of the following purposes: 
  

	 	(1)	to evidence the succession of another Person to the Company, and the assumption by any such successor of the covenants and obligations of the Company herein and in the
Securities contained; 

  

	 	(2)	to evidence and provide for the acceptance of appointment by another Person as a successor Trustee hereunder with respect to one or more series of Securities and to add
to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 609(2);

  

	 	(3)	to add to the covenants and agreements of the Company for the benefit of the Holders of all or any series of Securities (if such covenants are for less than all series,
stating that such covenants are for the benefit of such series), or to surrender any right or power herein conferred upon the Company provided that such action shall not adversely affect the interests of the Holders of Outstanding Securities;

  

	 	(4)	to add or eliminate Events of Default of any series of Securities; 

  

	 	(5)	to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other
provisions with respect to matters or questions arising under this Indenture provided such other provisions shall not adversely affect the interests of the Holders of Outstanding Securities in any material respect; 

  
 54 

	 	(6)	to secure the Securities or add obligors; 

  

	 	(7)	to establish any form or terms of Securities of any series as permitted by Sections 201 and 301, and to provide for the issuance of any series of Securities as
permitted by Section 301, and to set forth the terms thereof; 

  

	 	(8)	to provide for the issuance of uncertificated Securities of one or more series in the place of certificated Securities; 

 

	 	(9)	to qualify or maintain qualification of the Indenture under the Trust Indenture Act; or 

 

	 	(10)	to comply with the rules and regulations of any securities exchange or automated quotation system on which any of the Securities may be listed or traded.

 Section 902. Supplemental Indentures With Consent of Holders. 

With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by
such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by Board Resolutions, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture. However, no such supplemental Indenture,
without the consent of the Holder of each Outstanding Security affected thereby, shall 
  

	 	(1)	change the Maturity of the principal of, or the Stated Maturity of, or any installment of interest on, any Security, or reduce the principal amount thereof (including
in the case of an Original Issue Discount Security the amount payable upon acceleration of the Maturity thereof) or any premium thereon or the rate of interest thereon, or change the method of computing the amount of principal thereof on any date,
or change a Place of Payment where, or the coin or currency in which, any Security or any premium thereon or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Maturity or
the Stated Maturity, as the case may be, thereof (or, in the case of redemption or a repayment, on or after the Redemption Date or the Repayment Date, as the case may be); 

 

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

  
 55 

	 	(3)	modify any of the provisions of this Section, or Sections 508, 512, 513 or Section 1008, 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; or 

  

	 	(4)	modify or affect in any manner adverse to the Holders of the Securities the terms and conditions of the obligation of the Company in respect of the due and punctual
payment of the principal of or premium or interest on the Securities. 

 The Company may, but shall not be
obligated to, fix a record date for the purpose of determining the Persons entitled to consent to any indenture supplemental hereto. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons,
shall be entitled to consent to such supplemental indenture, whether or not such Holders remain Holders after such record date; provided, that unless such consent shall have become effective by virtue of the requisite percentage having been obtained
prior to the date which is 90 days after such record date, any such consent previously given shall automatically and without further action by any Holder be cancelled and of no further effect. 

A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included
solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of Holders of Securities
under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 Section 903. Execution of Supplemental Indentures. 
 As a condition to
executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trust created by this Indenture, the Trustee shall be entitled to receive, and (subject to
Section 315 of the Trust Indenture Act) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture,
and an Opinion of Counsel stating that the supplemental indenture is the legal, valid and binding obligation of the Company. 

The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise. 
 Section 904. Effect of Supplemental Indentures.

 Upon the execution of any supplemental indenture under this Article IX, this Indenture shall be modified in accordance
therewith, and such supplemental indenture shall form a part of this Indenture for all purposes. Every Holder of a Security theretofore or thereafter authenticated and delivered hereunder shall be bound by such supplemental indenture. 

  
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 Section 905. Conformity With Trust Indenture Act. 

Every supplemental indenture executed pursuant to this Article IX shall conform to the requirements of the Trust Indenture Act as then in
effect. 
 Section 906. Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article IX
may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in
the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 

Section 907. Subordination Unimpaired. 
 No supplemental indenture entered into under this Article IX shall modify, directly or indirectly, the provisions of Article XV or the definition of Senior Indebtedness in Section 101 in any
manner that might alter or impair the subordination of the Securities with respect to Senior Indebtedness then outstanding, unless each holder of such Senior Indebtedness has consented thereto in writing. 

ARTICLE X. 

COVENANTS 

Section 1001. Payment of Principal, Premium, if Any, and Interest. 

The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the
principal of (and premium, if any), interest on or any Additional Amounts payable in respect of the Securities of that series in accordance with the terms of such series of Securities and this Indenture. Principal, premium, if any, and interest or
Additional Amounts shall be considered paid on the date due if the Paying Agent, if other than the Company or one of its Subsidiaries, holds as of 12:00 noon Eastern Time on the due date money deposited by the Company in immediately available funds
and designated for and sufficient to pay all such amounts then due. 
 Section 1002. Maintenance of Office or Agency.

 The Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of
such series may be presented or surrendered for payment, 
  

	 	(1)	where Securities of that series may be surrendered for registration of transfer or exchange; and 

 

	 	(2)	where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. 

  
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 If the Securities of such series are listed on the Stock Exchange of the United Kingdom and
the Republic of Ireland or the Luxembourg Stock Exchange or any other stock exchange located outside the United States and such stock exchange shall so require, the Company shall maintain a Paying Agent in London, Luxembourg or any other required
city located outside the United States, as the case may be, so long as the Securities of such series are listed on such exchange. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such
office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the
Corporate Trust Office of the Trustee. 
 The Company may also from time to time designate one or more other offices or agencies
where the Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. However, no such designation or rescission shall in any manner relieve the Company of their
obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of
any such other office or agency. 
 Unless otherwise specified as contemplated by Section 301, the Company hereby
designates as the Place of Payment for each series the Corporate Trust Office of the Trustee. Pursuant to Section 301(8) of this Indenture, the Company may subsequently appoint a place or places other than the Corporate Trust Office of the
Trustee where such Securities may be payable. 
 Section 1003. Money For Securities Payments to Be Held in Trust.

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

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

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

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

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

  

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

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

Except as otherwise provided hereby or pursuant hereto, or as may be required by applicable abandoned property law, any money deposited
with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any) or interest and Additional Amounts on any Security of any series and remaining unclaimed for two years after such
principal (and premium, if any) or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust. The Holder of such Security shall thereafter, as an
unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease. However,
the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper in each Place of Payment for such series or to be mailed to Holders of
Registered Securities for such series, or both, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing nor shall it be later than two years
after such principal (and premium, if any) or interest has become due and payable, any unclaimed balance of such money then remaining will be repaid to the Company. 
 Section 1004. Additional Amounts. 
 If any Securities of a series
provide for the payment of Additional Amounts, the Company agrees to pay to the Holder of any such Security of any such series the Additional Amounts as provided therein. Whenever in this Indenture there is mentioned, in any context, the payment of
the principal of (or premium, if any) or interest on, or in respect of, any Security of any series or the net proceeds received on the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of
Additional Amounts provided by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms and express mention of the
payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made. 

  
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 Except as otherwise provided herein or pursuant hereto, if the Securities of a series
provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to such series of Securities (or if the Securities of that series shall not bear interest prior to Maturity, the first day on which
a payment of principal and any premium is made), and at least 10 days prior to each date of payment of principal and any premium, or interest if there has been any change with respect to the matters set forth in the below-mentioned Officer’s
Certificate, the Company will furnish the Trustee and the principal Paying Agent or Paying Agents, if other than the Trustee, an Officer’s Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of
principal (and premium, if any) of or interest on the Securities of that series shall be made to Holders. In connection with Holders of Securities of that series who are United States Aliens without withholding for or on account of any tax,
assessment or other governmental charge described in the Securities of that series, if any such withholding shall be required, then such Officer’s Certificate shall specify by country the amount, if any, required to be withheld on such payments
to such Holders of Securities. The Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts required by this Section. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against,
any loss, liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officer’s Certificate furnished pursuant to this
Section. 
 Section 1005. Statement As To Compliance; Notice of Certain Defaults. 

 

	 	(1)	The Company will deliver to the Trustee, within 120 days after the end of each fiscal year (which on the date hereof ends on December 31), commencing
December 31, 2013, a written statement, which need not comply with Section 102, signed by the principal executive officer, the principal financial officer or the principal accounting officer of the Company, stating that

  

	 	(a)	a review of the activities of the Company during such year and of performance under this Indenture has been made under his supervision; and 

 

	 	(b)	to his knowledge, based on such review, 

  

	 	(i)	the Company has fulfilled all of its obligations under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such obligation,
specifying each such default known to him and the nature and status thereof; and 

  

	 	(ii)	no event has occurred and is continuing which is, or after notice or lapse of time or both would become, a default or an Event of Default, or, if such an event has
occurred and is continuing, specifying each such event known to him and the nature and status thereof. 

  

	 	(2)	The Company will deliver to the Trustee as soon as possible, and in any event, within five days after the occurrence thereof, written notice of any event which after
notice or lapse of time or both would become an Event of Default. 

  
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 Section 1006. Payment of Taxes and Other Claims. 

The Company will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, 

 

	 	(1)	all taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any
Subsidiary; and 

  

	 	(2)	all lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company or any Subsidiary. However, the
Company shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings.

 Section 1007. Corporate Existence. 

Subject to Article VIII, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence, rights (charter and statutory) and franchises and the corporate existence, rights (charter and statutory) and franchises of each Principal Subsidiary Bank; provided, however, that the Company shall not be required to preserve
any such corporate existence, right or franchise if the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries considered as a whole and that the loss thereof
is not disadvantageous in any material respect to the Holders. 
 Section 1008. Waiver of Certain Covenants.

 The Company may omit in any particular instance to comply with any term, provision or condition set forth in
Section 1006 with respect to the Securities of any series if before the time for such compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series shall, by Act of such Holders, either waive
such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver
shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
 Section 1009. Calculations; Original Issue Discount. 
 The Company
shall file with the Trustee promptly at the end of each calendar year for which reporting on Form 1099 OID is required (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on
Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 

  
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 The Company shall be responsible for making calculations called for under the Securities,
including but not limited to determination of redemption price, premium, if any, and any additional amounts or other amounts payable on the Securities. The Company will make the calculations in good faith and, absent manifest error, its calculations
will be final and binding on the Holders. The Company will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the Company’s calculations
without independent verification. 
 ARTICLE XI. 
 REDEMPTION OF SECURITIES 
 Section 1101. Applicability of Article.

 Redemption of Securities of any series at the option of the Company as permitted or required by the terms of such
Securities shall be made in accordance with the terms of such Securities and (except as otherwise provided herein or pursuant hereto) this Article XI. 
 Section 1102. Election To Redeem; Notice To Trustee. 
 The election of
the Company to redeem any Securities shall be evidenced by Board Resolution. In case of any redemption at the election of the Company of the Securities of any series, with the same issue date, interest rate and Stated Maturity, the Company shall, at
least 30 days prior to the Redemption Date fixed by the Company, deliver an Officer’s Certificate to the Trustee stating (i) the clause of this Indenture pursuant to which the redemption shall occur, (ii) the Redemption Date,
(iii) the principal amount of Securities to be redeemed, (iv) the Redemption Price (or manner of calculation if not then known), (v) such election has been duly authorized by all requisite corporate action on the part of the Company,
and (vi) complies with any applicable covenants or conditions precedent set forth in this Indenture. If the Redemption Price is not known at the time such notice is to be given, the actual Redemption Price, calculated as described in the terms
of the Securities to be redeemed, will be set forth in an Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the Redemption Date. Any redemption may be cancelled by the Company at any time prior to notice of
redemption being sent to any Holder and thereafter shall be null and void. 
 Section 1103. Selection By Trustee of
Securities To Be Redeemed. 
 If less than all the Securities of any series with the same issue date, interest rate, Stated
Maturity and other terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the Outstanding Securities of such series not previously called for
redemption, subject to Applicable Procedures, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions of the principal amount of Registered Securities of such series. However,
no such partial redemption shall reduce the portion of the principal amount of a Registered Security of such series not redeemed to less than the minimum denomination for a Security of such series established herein pursuant hereto. 

  
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 The Trustee shall promptly notify the Company and the Security Registrar (if other than
itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed
only in part, to the portion of the principal of such Securities which has been or is to be redeemed. 
 Section 1104.
Notice of Redemption. 
 Notice of redemption shall be given in the manner provided in Section 106, not less than 30
nor more than 60 days prior to the Redemption Date, unless a shorter period is specified in the Securities to be redeemed, to the Holders of Securities to be redeemed. Failure to give notice by mailing in the manner herein provided to the Holder of
any Registered Securities designated for redemption as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other Securities or portion thereof. 

Any notice that is mailed to the Holder of any Registered Securities or sent to a Depository pursuant to Applicable Procedures in the
manner herein provided shall be conclusively presumed to have been duly given, whether or not such Holder receives the notice. 

All notices of redemption shall state: 
  

	 	(1)	the Redemption Date; 

  

	 	(2)	the Redemption Price (or manner of calculation if not then known); 

  

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

  

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

  

	 	(5)	in case any Registered Security is to be redeemed in part only, the notice which relates to such Security shall state that on and after the Redemption Date, upon
surrender of such Security, the Holder of such Security will receive, without charge, a new Registered Security or Registered Securities of authorized denominations for the principal amount thereof remaining unredeemed; 

 

	 	(6)	that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed only against tender of such Security and, unless the
Company shall default in the payment of the Redemption Price and accrued interest, that interest and Additional Amounts, if any, thereon shall cease to accrue on and after said date; 

  
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	 	(7)	the place or places where such Securities, if any, maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price; and

  

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

 A notice of redemption given as contemplated by Section 106 need not identify particular Registered Securities to be redeemed. 

Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company. At the Company’s
request, the Trustee shall give the notice of redemption in the Company’s name and at its expense; provided, however, that the Company shall have delivered to the Trustee, at least 45 days prior to the Redemption Date (unless a
shorter period shall be satisfactory to the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 1105. Deposit of Redemption Price. 
 On or prior to 12:00 noon Eastern Time on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold
in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on and any Additional Amounts with respect thereto, all
the Securities or portions thereof which are to be redeemed on that date. 
 Section 1106. Securities Payable on
Redemption Date. 
 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the
Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear
interest, except to the extent provided below, shall be void. Upon surrender of any such Security for redemption in accordance with said notice, maturing after the Redemption Date, such Security shall be paid by the Company at the Redemption Price,
together with accrued interest (or any Additional Amounts) to the Redemption Date. However, installments of interest on Registered Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such
Securities, or one or more Predecessor Securities, registered as such at the close of business on the Regular Record Dates according to their terms and the provisions of Section 307. 

If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any)
shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 

  
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 Section 1107. Securities Redeemed in Part. 

Any Registered Security which is to be redeemed only in part shall be surrendered at any office or agency of the Company maintained for
that purpose pursuant to Section 1002 (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his
attorney duly authorized in writing). The Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Registered Security or Securities of the same series, containing identical
terms and provisions, 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. If a Security in global form is so
surrendered, the schedule to such global Security shall be adjusted as provided in Section 203, or the Company shall execute, and the Trustee shall authenticate and deliver to the U.S. Depository or other depository for such Security in global
form as shall be specified in the Company Order with respect thereto to the Trustee, without service charge, a new Security in global form in a denomination equal to and in exchange for the unredeemed portion of the principal of the Security in
global form so surrendered. 
 ARTICLE XII. 
 SINKING FUNDS 
 Section 1201. Applicability of Article.

 The provisions of this Article XII shall be applicable to any sinking fund for the retirement of Securities of a series,
except as otherwise permitted or required by any form of Security of such series issued pursuant to this Indenture. 
 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 such 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 sinking fund payment may be subject to reduction as provided in
Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 
 Section 1202. Satisfaction of Sinking Fund Payments With Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series to be made
pursuant to the terms of such Securities as provided for by the terms of such series 
  

	 	(1)	deliver Outstanding Securities of such series (other than any of such Securities previously called for redemption or any of such Securities in respect of which cash
shall have been released to the Company); and 

  

	 	(2)	 apply as a credit Securities of such series which have been redeemed either at the election of the Company pursuant to the terms of such series of
Securities or 

  
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through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, provided that such series of Securities have not been previously so credited.

 Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for
redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of Securities of any series in lieu of cash payments pursuant to this
Section 1202, the principal amount of Securities of such series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such series for redemption, except upon Company
Request, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment. However, the Trustee or such Paying Agent shall at the request of the Company from time to time pay over and
deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that series purchased by the Company having an unpaid principal amount equal to the cash payment
requested to be released to the Company. 
 Section 1203. Redemption of Securities For Sinking Fund. 

Not less than 75 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an
Officer’s Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion
thereof, if any, which is to be satisfied by delivering and crediting of Securities of that series pursuant to Section 1202, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment. The Company
will also deliver to the Trustee any Securities to be so credited and not theretofore delivered. If such Officer’s Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company
shall thereupon be obligated to pay the amount therein specified. Not less than 60 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in
Section 1103 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be
made upon the terms and in the manner stated in Sections 1106 and 1107. 
 ARTICLE XIII. 

REPAYMENT AT THE OPTION OF HOLDERS 
 Section 1301. Applicability of Article. 
 Securities of any series
which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance with the terms of the Securities of such series. The repayment of any principal amount of Securities pursuant to such option of the
Holder to require repayment of Securities before their Stated Maturity, for purposes of Section 309, shall not operate as a payment, redemption or satisfaction of the indebtedness represented by such

  
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Securities unless and until the Company, at its option, shall deliver or surrender the same to the Trustee with a directive that such Securities be cancelled. Notwithstanding anything to the
contrary contained in this Article XIII, in connection with any repayment of Securities, the Company may arrange for the purchase of any Securities by an agreement with one or more investment bankers or other purchasers to purchase such Securities
by paying to the Holders of such Securities on or before the close of business on the repayment date an amount not less than the repayment price payable by the Company on repayment of such Securities, and the obligation of the Company to pay the
repayment price of such Securities shall be satisfied and discharged to the extent such payment is so paid by such purchasers. 

ARTICLE XIV. 
 MEETINGS OF HOLDERS 
 Section 1401. Purposes For Which Meetings May
Be Called. 
 A meeting of Holders of Securities of such series may be called at any time and from time to time pursuant to
this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such series. 

Section 1402. Call, Notice and Place of Meetings. 

 

	 	(a)	The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 1401, to be held at such time and at such
place in Chicago, Illinois. Notice of every meeting of Holders of Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner
provided in Section 106, not less than 21 nor more than 180 days prior to the date fixed for the meeting. 

  

	 	(b)	In case at any time the Company, pursuant to Board Resolution, or the Holders of at least 10% in principal amount of the Outstanding Securities of any series shall have
requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 1401, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee
shall not have made the first publication of the notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of
such series in the amount above specified, as the case may be, may determine the time and the place in . 

Section 1403. Persons Entitled To Vote At Meetings. 
 To be entitled to vote at any meeting of Holders of Securities of any series, a Person shall be 
  

	 	(a)	a Holder of one or more Outstanding Securities of such series; or 

  

	 	(b)	a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series by such Holder or Holders.

  
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 The only Persons who shall be entitled to be present or to speak at any meeting of Holders
of Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 

Section 1404. Quorum; Action. 
 The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such series. In the absence of a
quorum within 30 minutes after the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than
10 days as determined by the chairperson of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days as
determined by the chairperson of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1402(a), except that such notice need be given only once
not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding
Securities of such series which shall constitute a quorum. 
 Except as limited by the proviso to Section 902, any
resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that
series; provided, however, that, except as limited by the proviso to Section 902, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture expressly provides may
be made, given or taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum
is present as aforesaid by the affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Securities of such series. 
 Any resolution passed or decision taken at any meeting of Holders of Securities of any series duly held in accordance with this Section shall be binding on all the Holders of Securities of such series,
whether or not present or represented at the meeting. 
 Section 1405. Determination of Voting Rights; Conduct and
Adjournment 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
Holders of Securities of such series in regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and 

  
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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 appropriate. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof. 

 

	 	(b)	The Trustee shall, by an instrument in writing, appoint a temporary chairperson of the meeting, unless the meeting shall have been called by the Company or by Holders
of Securities as provided in Section 1402(b), in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairperson. A permanent chairperson and a
permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting. 

 

	 	(c)	At any meeting each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount of Securities of such series held or
represented by him or her. However, no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairperson of the meeting to be not Outstanding. The chairperson of the meeting shall have
no right to vote, except as a Holder of a Security of such series or proxy. 

  

	 	(d)	Any meeting of Holders of Securities of any series duly called pursuant to Section 1402 at which a quorum is present may be adjourned from time to time by Persons
entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting; and the meeting may be held as so adjourned without further notice. 

Section 1406. Counting Votes and Recording Action of Meetings. 

The vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall
be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent
chairperson 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 triplicate
of all votes cast at the meeting. 
 A record, at least in triplicate, of the proceedings of each meeting of Holders of
Securities of any series shall be prepared by the secretary of the meeting and there shall be attached to 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 given as provided in Section 1402 and, if applicable, Section 1404. Each copy shall be signed and verified by the affidavits of the
permanent chairperson and secretary of the meeting and one such copy shall be delivered to the 

  
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Company and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive
evidence of the matters therein stated. 
 ARTICLE XV. 

SUBORDINATION 
 Section 1501. Securities Subordinated to Senior Indebtedness. 
 The
Company covenants and agrees, and each Holder of Securities, by its acceptance thereof, whether upon original issue or upon transfer, assignment or exchange thereof, likewise covenants and agrees, that the indebtedness evidenced by the Securities
and the payment of the principal of (and premium, if any) and interest on and any Additional Amounts payable in respect thereof 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 Senior Indebtedness. 
 Anything in this Indenture or in the Securities of any series to the contrary
notwithstanding, the indebtedness evidenced by the Securities shall be subordinate and junior in right of payment, to the extent and in the manner hereinafter set forth, to all Senior Indebtedness: 

 

	 	(a)	In the event of any insolvency or bankruptcy proceedings, and any receivership, liquidation, reorganization, arrangement or other similar proceedings in connection
therewith, relative to the Company or to its property, and in the event of any proceedings for voluntary liquidation, dissolution or other winding-up of the Company, whether or not involving insolvency or bankruptcy, then the holders of Senior
Indebtedness shall be entitled to receive payment in full of all principal, premium and interest on all Senior Indebtedness before the Holders of the Securities are entitled to receive any payment on account of principal, premium, if any, interest
or Additional Amounts upon the Securities, and to that end (but subject to the power of a court of competent jurisdiction to make other equitable provisions reflecting the rights conferred in the Securities upon Senior Indebtedness and the Holders
thereof with respect to the subordinated indebtedness represented by the Securities and the Holders hereof by a lawful plan of reorganization under applicable bankruptcy law) the holders of Senior Indebtedness shall be entitled to receive for
application in payment thereof any payment or distribution of any kind or character, whether in cash or property or securities, which may be payable or deliverable in any such proceedings in respect of the Securities after giving effect to any
concurrent payment or distribution in respect of such Senior Indebtedness; 

  

	 	(b)	 In the event that any Security of any series is declared or otherwise becomes due and payable before its expressed maturity because of the occurrence
of an Event of Default hereunder (under circumstances when the provisions of the foregoing clause (a) or the following clause (c) shall not be applicable), the holders of Senior Indebtedness outstanding at the time such Security so becomes
due and payable because of such occurrence of an Event of Default hereunder shall, so 

  
 70 

	 	
long as such declaration has not been rescinded and annulled pursuant to Section 502, be entitled to receive payment in full of all principal of, and premium and interest on, all such Senior
Indebtedness before the Holders of the Securities of such series are entitled to receive any payment on account of principal of, premium, if any, or interest and Additional Amounts on the Securities of such series. However, nothing herein shall
prevent the Holders of Securities from seeking any remedy allowed at law or at equity so long as any judgment or decree obtained thereby makes provision for enforcing this clause; and 

 

	 	(c)	In the event that any default shall occur and be continuing with respect to any Senior Indebtedness permitting the holders of such Senior Indebtedness to accelerate the
maturity thereof, if either 

  

	 	(1)	notice of such default, in writing, shall have been given to the Company and to the Trustee, provided that judicial proceedings shall be commenced in respect of such
default within 180 days in the case of a default in payment of principal or interest and within 90 days in the case of any other default after the giving of such notice, and provided further that only one such notice shall be given pursuant to this
Section 1501(c) in any twelve months period; or 

  

	 	(2)	judicial proceedings shall be pending in respect of such default, 

 the Holders of the Securities and the Trustee, for the benefit of the Holders of the Securities, for their benefit shall not be entitled to receive any payment on account of principal, premium, if any, or
interest and Additional Amounts thereon (including any such payment which would cause such default) unless payment in full of all principal of, and premium and interest on, such Senior Indebtedness shall have been made or provided for. The Trustee,
forthwith upon receipt of any notice received by it pursuant to this Section 1501(c), shall, as soon as practicable, send a notice thereof to each Holder of Securities at the time outstanding as the names and addresses of such Holders appear on
the Security Register. 
 In case despite the foregoing provisions, any payment or distribution shall, in any such event, be
paid or delivered to any Holder of the Securities or to the Trustee, for the benefit of the Holders of the Securities, before all Senior Indebtedness shall have been paid in full, such payment or distribution shall be held in trust for and so paid
and delivered to the holders of Senior Indebtedness (or their duly authorized representatives) until all Senior Indebtedness shall have been paid in full. 
 The Company shall give written notice to the Trustee within five days after the occurrence of any insolvency, bankruptcy, receivership, liquidation, reorganization, arrangement or similar proceeding
relative to the Company within the meaning of this Section 1501. Upon any payment or distribution of assets of the Company referred to in this Article XV, the Trustee, subject to the provisions of Section 315(a) through 315(d) of the Trust
Indenture Act, and the Holders of the Securities shall be entitled to rely upon a certificate of the trustee in bankruptcy, receiver, assignee for the benefit of creditors or other liquidating agent making such payment or distribution, delivered to
the Trustee or to the Holders of Securities, for the purpose of 

  
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ascertaining the persons entitled to participate in such distribution, the holders of the 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. 
 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 or agent on behalf of such holder) to establish that such notice has been given by a
holder of Senior Indebtedness (or a trustee or agent on behalf of any such holder). 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 Section 1501, 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, as
to the extent to which such person is entitled to participate in such payment or distribution, and as to other facts pertinent to the rights of such person under this Section 1501, and if such evidence is not furnished, the Trustee may defer
any payment to such person pending judicial determination as to the right of such person to receive such payment. 
 For
purposes of this Article, the words, “cash or property or securities” shall not be deemed to include shares of stock or warrants to purchase shares of stock of the Company as reorganized or readjusted, or securities of the Company or any
other corporation provided for by a plan of arrangement, reorganization or readjustment, the payment of which is subordinated (at least to the extent provided in this Article with respect to the Securities of such) to the payment in full of all
Senior Indebtedness which may at the time be outstanding; provided, that (i) the Senior Indebtedness is assumed by the new corporation, if any, resulting from any such arrangement, reorganization or readjustment, and (ii) the rights
of the holders of the Senior Indebtedness are not, without the consent of such holders, altered by such arrangement, reorganization or readjustment. The consolidation of the Company with, or the merger of the Company into, another corporation or the
liquidation or dissolution of the Company following the sale, conveyance or transfer of all or substantially all of its property and assets to another corporation upon the terms and conditions provided in Article VIII shall not be deemed a
dissolution, winding-up, liquidation or reorganization for the purposes of this Section if such other corporation shall, as a part of such consolidation, merger, sale, conveyance or transfer, comply with the conditions stated in Article VIII. This
Section shall be subject to the further provisions of Section 1506. 
 Section 1502. Subrogation. 

Subject to the payment in full of all Senior Indebtedness to which the indebtedness evidenced by the Securities is in the circumstances
subordinated as provided in Section 1501, the Holders of the Securities shall be subrogated to the rights of the holders of such Senior Indebtedness to receive payments or distributions of cash, property or securities of the Company applicable
to such Senior Indebtedness until all amounts owing on the Securities shall be paid in full. As between the Company, its creditors other than holders of such Senior Indebtedness, and the Holders of the Securities, no such payment or distribution
made to the holders of such Senior 

  
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Indebtedness by virtue of this Article XV which otherwise would have been made to the Holders of the Securities shall be deemed to be a payment by the Company on account of such Senior
Indebtedness, it being 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. 
 Section 1503. Obligation of Company Unconditional. 

Nothing contained in this Article XV or elsewhere in this Indenture or in the Securities, 

 

	 	(a)	is intended to or shall impair as between its creditors other than the holders of Senior Indebtedness and the Holders of the Securities, the obligation of the Company
which is absolute and unconditional, to pay to the Holders of the Securities the principal of (and premium, if any), interest on, or any Additional Amounts with respect to, the Securities as and when the same shall become due and payable in
accordance with their terms; or 

  

	 	(b)	is intended to or shall affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness; or

  

	 	(c)	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 and the Holders of the Securities
shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which any such dissolution, winding up, liquidation or reorganization proceeding affecting the affairs of the Company is pending or upon a certificate
of the trustee in bankruptcy, receiver, assignee for the benefit of creditors, liquidating trustee or agent or other person making any payment or distribution, delivered to the Trustee or to the Holders of the Securities, for the purpose of
ascertaining the persons entitled to participate in such payment or distribution, the holders of the Senior Indebtedness and other indebtedness of the Company the amount thereof or payable thereon, the amount paid or distributed thereon and all
other facts pertinent thereto or to this Article XV. 
 Section 1504. Payments on Securities Permitted. 

Nothing contained in this Article XV or elsewhere in this Indenture, or in any of the Securities, shall affect the obligation of the
Company to make, or prevent the Company from making payment of the principal of (or premium, if any), interest or any Additional Amounts on the Securities in accordance with the provisions hereof and thereof, except as otherwise provided in this
Article XV. 
 Section 1505. Effectuation of Subordination By Trustee. 

Each Holder of Securities, by his or her acceptance thereof, authorizes and directs the Trustee in his or her behalf to take such action
as may be necessary or appropriate to effectuate the subordination provided in this Article XV and appoints the Trustee his or her attorney-in-fact for any and all such purposes. 

  
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 Section 1506. Knowledge of Trustee. 

The Company shall give prompt written notice to the Trustee and to any paying agent of any fact known to the Company which would prohibit
the making of any payment of moneys to or by the Trustee or any paying agent in respect of the Securities of any series pursuant to the provisions of this Article or would end such prohibition. Regardless of anything to the contrary contained in
this Article or elsewhere in this Indenture, the Trustee shall not be charged with knowledge of the existence of any Senior Indebtedness or of any default or event of default with respect to any Senior Indebtedness or of any other facts which would
prohibit the making of any payment of moneys to or by the Trustee or which would end such prohibition, unless and until the Trustee shall have received notice in writing at its principal Corporate Trust Office to that effect signed by an officer of
the Company, or by a holder or agent of a holder of Senior Indebtedness or by the trustee under any indenture pursuant to which Senior Indebtedness shall be outstanding, who shall have been certified by the Company or otherwise established to the
reasonable satisfaction of the Trustee to be such holder or agent or trustee, and, prior to the receipt of any such written notice, the Trustee shall, subject to Section 602, be entitled to assume that no such facts exist; provided that if on a
date at least five Business Days prior to the date upon which by the terms hereof any such moneys shall become payable for any purpose (including, without limitation, the payment of the principal of (and premium, if any), and interest on and any
Additional Amounts payable in respect of any Security) the Trustee shall not have received with respect to such moneys the notice of prohibition provided for in this Section, then, regardless of anything herein to the contrary, the Trustee shall
have full power and authority to receive such moneys 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 on or after such prior date. 

Regardless of anything to the contrary herein, nothing shall prevent (a) any payment by the Company or the Trustee to the
Securityholders of amounts in connection with a redemption of Securities if (i) notice of such redemption has been given pursuant to Article XI prior to the receipt by the Trustee of written notice of prohibition as aforesaid, and
(ii) such notice of redemption is given not earlier than 60 days before the redemption date, or (b) any payment by the Trustee to the Securityholders of amounts deposited with it pursuant to Sections 401 or 403. 

Section 1507. Trustee’s Relation to Senior Indebtedness. 

Except as otherwise provided in the Trust Indenture Act, the Trustee shall be entitled to all the rights set forth in this Article XV
with respect to any Senior Indebtedness at the time held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Notwithstanding anything in
this Indenture or in the Securities of any series to the contrary, nothing in this Article XV shall apply to claims of or payment to the Trustee under or pursuant to Sections 506 and 606. 

With respect to holders of Senior Indebtedness, the Trustee undertakes to perform or to observe only such of its covenants and
obligations as are specifically set forth in this Article XV, 

  
 74 

 
and no implied covenants, duties, or obligations with respect to the holders of Senior Indebtedness shall be read into this Indenture against the Trustee. The Trustee does not owe and shall not
be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and the Trustee shall not be liable to any holder of Senior Indebtedness if it shall pay over or deliver to Holders, the Company or any other Person monies or assets to which
any holder of Senior Indebtedness shall be entitled by virtue of this Article XV or otherwise. 
 Section 1508. Rights
of Holders of Senior Indebtedness Not Impaired. 
 No right of any present or future holder of any Senior Indebtedness to
enforce the subordination herein shall at any time or in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any non-compliance by the Company with the terms, provisions or covenants of this Indenture,
regardless of any knowledge thereof any such holder may have or be otherwise charged with. 
 ARTICLE XVI. 

MISCELLANEOUS PROVISIONS 
 Section 1601. Securities in Foreign Currencies. 
 Whenever this
Indenture provides for (i) any action by, or the determination of any of the rights of, Holders of Securities of any series in which not all of such Securities are denominated in the same currency, or (ii) any distribution to Holders of
Securities, in the absence of any provision to the contrary in the form of Security of any particular series, any amount in respect of any Security denominated in a currency other than United States dollars shall be treated for any such action or
distribution as that amount of United States dollars that could be obtained for such amount on such reasonable basis of exchange and as of the record date with respect to Registered Securities of such series (if any) for such action, determination
of rights or distribution (or, if there shall be no applicable record date, such other date reasonably proximate to the date of such action, determination of rights or distribution) as the Company may specify in a written notice to the Trustee or,
in the absence of such written notice, as the Trustee or its agents may determine. 
 Section 1602. Exemption from
Individual Liability. 
 No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any
Security, or for any claim based thereon otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any predecessor or successor corporation, either
directly or through the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise: it being expressly understood and agreed that this Indenture and the obligations issued
hereunder are solely corporate obligations of the Company and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors, as such, of the Company or of any
predecessor or successor corporation, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or implied
therefrom, and that any and all such personal liability, either at 

  
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common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder, officer or director, as such, because of the
creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities, or implied therefrom, are hereby expressly waived and released as a condition
of, and as a consideration for, the execution and delivery of this Indenture and the issue of such Securities. 
 * * * * *

 This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original,
but all such counterparts shall together constitute but one and the same instrument. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The
exchange of copies of this Indenture and of signature pages by facsimile or PDF 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 or PDF shall be deemed to be their original signatures for all purposes. 

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

			
	FIRSTMERIT CORPORATION
	
	Issuer
		
	By:	 	 /s/ Terrence E. Bichsel

	Name:	 	Terrence E. Bichsel
	Title:	 	 Executive Vice President & Chief
 Financial Officer

	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Gregory S. Clarke

	Name:	 	Gregory S. Clarke
	Title:	 	Vice President

  
 77

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