Document:

EX-4.14

 Exhibit 4.14 

INDENTURE 
 by and among

 F.N.B. CORPORATION, as Issuer, 

and 
 NORTHERN CENTRAL BANK, as
Trustee 
 May 15, 1992 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE ONE	  
	
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  
			
	 SECTION 101.
	 	 Definitions
	  	 	1	  
			
	 SECTION 102.
	 	 Compliance Certificates and Opinions
	  	 	7	  
			
	 SECTION 103.
	 	 Form of Documents Delivered to Trustee
	  	 	7	  
			
	 SECTION 104.
	 	 Acts of Holders
	  	 	8	  
			
	 SECTION 105.
	 	 Notices, Etc., to Trustee and Company
	  	 	9	  
			
	 SECTION 106.
	 	 Notice to Holders; Waiver
	  	 	9	  
			
	 SECTION 107.
	 	 Conflict With Trust Indenture Act
	  	 	10	  
			
	 SECTION 108.
	 	 Effect of Headings and Table of Contents
	  	 	10	  
			
	 SECTION 109.
	 	 Successors and Assigns
	  	 	10	  
			
	 SECTION 110.
	 	 Separability Clause
	  	 	10	  
			
	 SECTION 111.
	 	 Benefits of Indenture
	  	 	10	  
			
	 SECTION 112.
	 	 Governing Law
	  	 	10	  
			
	 SECTION 113.
	 	 Legal Holidays
	  	 	10	  
	
	ARTICLE TWO	  
	
	SECURITY FORMS	  
			
	 SECTION 201.
	 	 Forms Generally
	  	 	11	  
			
	 SECTION 202.
	 	 Form of Face of Security
	  	 	11	  
			
	 SECTION 203.
	 	 Form of Reverse of Security
	  	 	14	  
			
	 SECTION 204.
	 	 Form of Trustee’s Certificate of Authentication
	  	 	17	  
			
	 SECTION 205.
	 	 Securities in Global Form
	  	 	17	  
	
	ARTICLE THREE	  
	
	THE SECURITIES	  
			
	 SECTION 301.
	 	 Amount Unlimited; Issuable in Series
	  	 	17	  
			
	 SECTION 302.
	 	 Denominations
	  	 	19	  
			
	 SECTION 303.
	 	 Execution, Authentication, Delivery and Dating
	  	 	19	  
			
	 SECTION 304.
	 	 Temporary Securities
	  	 	21	  
			
	 SECTION 305.
	 	 Registration, Registration of Transfer and Exchange
	  	 	21	  
			
	 SECTION 306.
	 	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	23	  

  
 - i - 

							
	 SECTION 307.
	 	 Payment of Interest; Interest Rights Preserved
	  	 	24	  
			
	 SECTION 308.
	 	 Persons Deemed Owners
	  	 	25	  
			
	 SECTION 309.
	 	 Cancellation
	  	 	25	  
			
	 SECTION 310.
	 	 Computation of Interest
	  	 	26	  
	
	ARTICLE FOUR	  
	
	SATISFACTION AND DISCHARGE	  
			
	 SECTION 401.
	 	 Satisfaction and Discharge of Securities of Any Series
	  	 	26	  
			
	 SECTION 402.
	 	 Application of Trust Money
	  	 	27	  
	
	ARTICLE FIVE	  
	
	REMEDIES	  
			
	 SECTION 501.
	 	 Events of Default
	  	 	27	  
			
	 SECTION 502.
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	29	  
			
	 SECTION 503.
	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	30	  
			
	 SECTION 504.
	 	 Trustee May Pile Proofs of Claim
	  	 	31	  
			
	 SECTION 505.
	 	 Trustee May Enforce Claims Without Possession of Securities
	  	 	31	  
			
	 SECTION 506.
	 	 Application of Money Collected
	  	 	31	  
			
	 SECTION 507.
	 	 Limitation on Suits
	  	 	32	  
			
	 SECTION 508.
	 	 Unconditional Right of Holders to Receive Principal (and Premium, if any) and Interest, if
any
	  	 	32	  
			
	 SECTION 509.
	 	 Restoration of Rights and Remedies
	  	 	33	  
			
	 SECTION 510.
	 	 Rights and Remedies Cumulative
	  	 	33	  
			
	 SECTION 511.
	 	 Delay or Omission Not Waiver
	  	 	33	  
			
	 SECTION 512.
	 	 Control by Holders
	  	 	33	  
			
	 SECTION 513.
	 	 Waiver of Past Defaults
	  	 	34	  
			
	 SECTION 514.
	 	 Undertaking for Costs
	  	 	34	  
	
	ARTICLE SIX	  
	
	THE TRUSTEE	  
			
	 SECTION 601.
	 	 Certain Duties and Responsibilities
	  	 	34	  
			
	 SECTION 602.
	 	 Notice of Defaults
	  	 	35	  
			
	 SECTION 603.
	 	 Certain Rights of Trustee
	  	 	36	  
			
	 SECTION 604.
	 	 Not Responsible for Recitals or Issuance of Securities
	  	 	37	  
			
	 SECTION 605.
	 	 May Hold Securities
	  	 	37	  
			
	 SECTION 606.
	 	 Money Held in Trust
	  	 	37	  

  
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	 SECTION 607.
	 	 Compensation and Reimbursement
	  	 	37	  
			
	 SECTION 608.
	 	 Disqualification; Conflicting Interests
	  	 	38	  
			
	 SECTION 609.
	 	 Corporate Trustee Required; Eligibility
	  	 	42	  
			
	 SECTION 610.
	 	 Resignation and Removal; Appointment of Successor
	  	 	43	  
			
	 SECTION 611.
	 	 Acceptance of Appointment by Successor
	  	 	44	  
			
	 SECTION 612.
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	45	  
			
	 SECTION 613.
	 	 Preferential Collection of Claims Against Company
	  	 	45	  
			
	 SECTION 614.
	 	 Appointment of Authenticating Agent
	  	 	49	  
	
	ARTICLE SEVEN	  
	
	LISTS OF HOLDERS AND REPORTS BY TRUSTEE AND COMPANY	  
			
	 SECTION 701.
	 	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	51	  
			
	 SECTION 702.
	 	 Preservation of Information; Communications Holders
	  	 	51	  
			
	 SECTION 703.
	 	 Reports by Trustee
	  	 	52	  
			
	 SECTION 704.
	 	 Reports by Company
	  	 	53	  
	
	ARTICLE EIGHT	  
	
	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	  
			
	 SECTION 801.
	 	 Company May Consolidate, Etc., Only on Certain Terms
	  	 	54	  
			
	 SECTION 802.
	 	 Successor Corporation Substituted
	  	 	55	  
	
	ARTICLE NINE	  
	
	SUPPLEMENTAL INDENTURES	  
			
	 SECTION 901.
	 	 Supplemental Indentures Without Consent of Holders
	  	 	55	  
			
	 SECTION 902.
	 	 Supplemental Indentures With Consent of Holders
	  	 	56	  
			
	 SECTION 903.
	 	 Execution of Supplemental Indentures
	  	 	57	  
			
	 SECTION 904.
	 	 Effect of Supplemental Indentures
	  	 	57	  
			
	 SECTION 905.
	 	 Conformity with Trust Indenture Act
	  	 	57	  
			
	 SECTION 906.
	 	 References in Securities to Supplemental Indentures
	  	 	57	  
	
	ARTICLE TEN	  
	
	COVENANTS	  
			
	 SECTION 1001.
	 	 Payment of Principal (and Premium, if any) and Interest, if any
	  	 	58	  
			
	 SECTION 1002.
	 	 Maintenance of Office or Agency
	  	 	58	  
			
	 SECTION 1003.
	 	 Money for Securities Payments To Be Held in Trust
	  	 	58	  
			
	 SECTION 1004.
	 	 Corporate Existence
	  	 	59	  

  
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	 SECTION 1005.
	 	 Maintenance of Properties
	  	 	60	  
			
	 SECTION 1006.
	 	 Payment of Taxes and Other Claims
	  	 	60	  
			
	 SECTION 1007.
	 	 Limitation on Disposition of Capital Stock of, and Merger and Sale of Assets by,
Subsidiaries
	  	 	60	  
			
	 SECTION 1008.
	 	 Statement as to Compliance
	  	 	61	  
			
	 SECTION 1009.
	 	 Waiver of Certain Covenants
	  	 	62	  
	
	ARTICLE ELEVEN	  
	
	REDEMPTION OF SECURITIES	  
			
	 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
	  	 	63	  
			
	 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
	  	 	64	  
	
	ARTICLE TWELVE	  
	
	SINKING FUNDS	  
			
	 SECTION 1201.
	 	 Applicability of Article
	  	 	65	  
			
	 SECTION 1202.
	 	 Satisfaction of Sinking Fund Payments With Securities
	  	 	65	  
			
	 SECTION 1203.
	 	 Redemption of Securities for Sinking Fund
	  	 	65	  
	
	ARTICLE THIRTEEN	  
	
	MEETINGS OF HOLDERS OF SECURITIES	  
			
	 SECTION 1301.
	 	 Purposes for Which Meetings May be Called
	  	 	66	  
			
	 SECTION 1302.
	 	 Manner of Calling Meetings
	  	 	66	  
			
	 SECTION 1303.
	 	 Call of Meetings by Company or Holders
	  	 	66	  
			
	 SECTION 1304.
	 	 Who May Attend and Vote at Meetings
	  	 	67	  
			
	 SECTION 1305.
	 	 Regulations May be Made by Trustee
	  	 	67	  
			
	 SECTION 1306.
	 	 Evidence of Actions by Holders
	  	 	67	  
			
	 SECTION 1307.
	 	 Exercise of Rights of Trustee and Holders Not to be Hindered or Delayed
	  	 	67	  
	
	ARTICLE FOURTEEN	  
	
	SUBORDINATION OF SECURITIES	  
			
	 SECTION 1401.
	 	 Securities Subordinate to Senior Indebtedness
	  	 	67	  

  
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	 SECTION 1402.
	 	 Trustee and Holders of Securities May Rely on Certificate of Liquidating Agent; Trustee May
Require Further Evidence as to Ownership of Senior Indebtedness; Trustee Not Fiduciary to Holders of Senior Indebtedness
	  	 	70	  
			
	 SECTION 1403.
	 	 Payment Permitted if No Default
	  	 	70	  
			
	 SECTION 1404.
	 	 Trustee Not Charged With Knowledge of Prohibition
	  	 	71	  
			
	 SECTION 1405.
	 	 Trustee to Effectuate Subordination
	  	 	71	  
			
	 SECTION 1406.
	 	 Rights of Trustee as Holder of Senior Indebtedness
	  	 	71	  
			
	 SECTION 1407.
	 	 Article Applicable to Paying Agents
	  	 	72	  
			
	 SECTION 1408.
	 	 Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior
Indebtedness
	  	 	72	  

  
 - v - 

 INDENTURE 

INDENTURE, dated as of May 15, 1992, between F.N.B. CORPORATION, a corporation duly organized and existing under the laws of the
Commonwealth of Pennsylvania (herein called the “Company”), having its main office at 3320 East State Street, Hermitage, Pennsylvania 16148, and Northern Central Bank, a Pennsylvania state-chartered bank and trust Company, as trustee
(herein called the “Trustee”), having its principal office in Williamsport, Pennsylvania. 
 RECITALS OF THE COMPANY 

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

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

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

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

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 this instrument; and 

 4. the words “herein”, “hereof” and “hereunder” and
other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 Certain
terms, used principally in Article Six, are defined in that Article. 
 “Act”, when used with respect to any Holder, has
the meaning specified in Section 104. 
 “Affiliate” of any specified Person means any other Person directly or
indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control”, when used with respect to any specified Person, means the power to direct the
management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the
foregoing. 
 “Authenticating Agent” means any Person authorized by the Trustee to act on behalf of the Trustee to
authenticate Securities pursuant to Section 614. 
 “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, and (ii) any trust company organized under any of the foregoing laws. 

“Board of Directors” means either the board of directors of the Company or any duly authorized committee of that board. 

“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 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”, when used with respect to any particular Place of Payment, means each Monday, Tuesday, Wednesday, Thursday
and Friday which is not a day on which banking institutions in that Place of Payment are authorized or obligated by law to close. 

“Capital Stock”, as used with respect to any corporation, means shares of capital stock of any class of such corporation,
whether now or hereafter authorized, regardless of whether such capital stock shall be limited to a fixed sun or percentage respect of the rights of the holders thereof to participate in dividends or in the distribution of assets upon the voluntary
or involuntary liquidation, dissolution or winding up of such corporation. 
 “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 instrument 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. 

  
 - 2 - 

 “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. 

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by
its chairman of the board of directors, its president, a vice chairman or a vice president, and by its treasurer, an assistant treasurer, its comptroller, an assistant comptroller, its secretary or an assistant secretary, its general counsel or
assistant general counsel, and delivered to the Trustee. 
 “Corporate Trust Office” means the office of the Trustee at
which at any particular time its corporate trust business shall be principally administered, which office at the date of execution of this Indenture is located at 102 W. Fourth Street, Williamsport, Pennsylvania 17701, Attention: Corporate Trust
Department. 
 “Corporation” includes corporations, associations, companies and business trusts. 

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

“Depositary” means, with respect to the Securities of any series issuable or issued in the form of a global Security, the
Person designated as Depositary by the Company pursuant to Section 301 until a successor Depositary shall have become such pursuant to the applicable provisions of the Indenture, and thereafter “Depositary” shall mean or include each
Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to these Securities of any such series shall mean the Depositary with respect to the Securities of that
series. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

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

“Holder” means a Person in whose name a Security is registered in the Security Register. 

“Indebtedness” means (1) any debt of the Company (i) for borrowed money or (ii) evidenced by a note, debenture
or similar instrument (including a purchase money obligation) given in connection with the acquisition of any property or assets, including securities; (2) any personal property lease or other capital lease of the Company; (3) any debt of
others described in the preceding clause (1) or lease of others described in the preceding clause (2) which the Company has guaranteed or for which it is otherwise liable; and (4) any amendment, renewal, extension or refunding of any
such debt or lease. 
 “Indenture” means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities established as contemplated by Section 301. 

“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. 

  
 - 3 - 

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

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

“Officers’ Certificate” means a certificate signed by the chairman of the board of directors, the president or a vice
president, and by the treasurer, an assistant treasurer, the secretary or an assistant secretary of the Company, and delivered to the Trustee. 

“Opinion of Counsel” means a written opinion of counsel, who may be in-house counsel to the Company, and who shall be
satisfactory to the Trustee. 
 “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 502. 

“Outstanding”, when used with respect to Securities, means, as of the date of determination, all Securities theretofore
authenticated and delivered under this Indenture, except: 
 (i) Securities theretofore canceled by the Trustee or
delivered to the Trustee for cancellation; 
 (ii) Securities for the payment or redemption of which 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, however, that if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; and 

(iii) Securities 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; 
 provided, however, that in determining whether the Holders of the
requisite principal amount of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, (a) Securities owned by or held for the account of the Company or any other obligor upon the
Securities or any affiliate of the company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent or waiver, only Securities which the Trustee knows to be so owned shall be so 

  
 - 4 - 

 
disregarded. Securities so owned or so held which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor, and (b) the principal amount of an Original Issue
Discount Security that shall be deemed to be Outstanding shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon acceleration of the Maturity thereof pursuant to Section 502. Upon
request of the Trustee, the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying all Securities, if any, known by the Company to be owned by or held for the account of the Company or any other obligor
upon the Securities, or any Affiliate of the Company or of such obligor and the Trustee shall be entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities not listed
therein and not otherwise excluded from the provisions hereof are Outstanding for the purposes of any such determination. 
 “Paving
Agent” means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any Securities 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”, when used
with respect to the Securities of any series, means the place or places where the principal of (and premium, if any) and interest on the Securities of that series are payable as contemplated by Section 301. 

“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 purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Principal Member Bank” means any Member
Bank the total assets of which, as set forth in the most recent statement of condition of such Bank, equal more than 15% of the total assets of all Member Banks as determined from the most recent statement of condition of the Member Banks. 

“Redemption Date”, when used with respect to any Security to be redeemed in whole or in part, means the date fixed for such
redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed,
in whole or in part, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Regular Record Date” for
the interest payable on any Interest Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section 301. 

  
 - 5 - 

 “Responsible Officer”, when used with respect to the Trustee, means the chairman
of the board of directors, the chairman or any vice chairman of the executive committee of the board of directors, the chairman of the trust committee, the president, any vice president, the secretary, any assistant secretary, the treasurer, any
assistant treasurer, the cashier, any assistant cashier, any trust officer or assistant trust officer, the controller or any assistant controller or any other officer of the Trustee customarily performing functions similar to those performed by any
of the above designated officers. 
 “Securities” has the meaning stated in the first recital this Indenture and more
particularly means any authenticated and delivered under this Indenture. 
 “Security Register” and “Security
Registrar” have the respective meanings specified in Section 305. 
 “Senior Indebtedness” means Indebtedness
of the Company outstanding at any time other than Indebtedness of the Company to a Subsidiary for money borrowed or advanced from any such Subsidiary or Indebtedness which by its terms is not superior in right of payment to the Securities. 

“Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to
Section 307. 
 “Stated Maturity”, when used with respect to any Security or any instalment of principal thereof or
interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such instalment of principal or interest is due and payable. 

“Subsidiary” means a corporation, state or national banking or savings and loan corporation or association more than 50% of
the outstanding Voting Stock of which is owned, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the company and one or more other Subsidiaries. For purposes of this definition, “Voting Stock” means stock
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 the subject Subsidiary (irrespective of whether or not at the time stock of any other
class or classes shall have or might have voting power by reason of the happening of any contingency). 
 “Trustee” means
the Person named as “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 or include each Person who is then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee
with respect to Securities of that series. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at
the date as of which this instrument was executed, except as provided in Section 905. 
 “Vice President”, when used
with respect to the Company or the Trustee, means any vice president other than an assistant vice president, whether or not designated by a number or a word or words added before or after the title “Vice President”. 

  
 - 6 - 

	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 Officers’ 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 is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 

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

1. a statement that each individual signing such certificate or opinion has read such condition or covenant and the definitions
herein relating thereto; 
 2. a brief statement as to the nature and scope of the examination or investigation upon which
the statements or opinions contained in such certificate or opinion are based; 
 3. a statement that, in the opinion of each
such 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 each 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 

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. 

  
 - 7 - 

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

	SECTION 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; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or
instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing
such agent shall be sufficient for any purpose of this Indenture and (subject to Section 601) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution
is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of
the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 (c) The ownership of Securities
shall be proved by the Security Register. 
 (d) In determining whether the Holders of the requisite principal amount of Outstanding
Securities have given any request, demand, authorization, direction, notice, consent or waiver under this Indenture, the principal amount of an Original Issue Discount Security that may be counted in making such determination and that shall be
deemed to be Outstanding for such purposes shall be equal to the amount of the principal thereof that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502 at the time the taking of such
action by the Holders of such requisite principal amount is evidenced to the Trustee for such Securities. 
 (e) Any request, demand,
authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 

(f) Without limiting the generality of the forgoing, unless otherwise specified pursuant to Section 301 or pursuant to one or more
indentures supplemental hereto, a Holder, including a Depositary that is the Holder of a global Security, may make, give or take, by a 

  
 - 8 - 

 
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 Depositary that is the Holder of a global Security may provide its proxy or proxies to the beneficial owners of interests in any such global Security through the standing instructions and customary practices of such Depositary. 

(g) The Trustee shall fix a record date for the purpose of determining the Persons who are beneficial owners of interests in any global
Security held by a Depositary entitled under the procedures of such Depositary 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. If such a record date is fixed, 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 requests, 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. 
  

	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, to the Company addressed to the attention of its General Counsel at the address of its principal
office specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company. 
  

	SECTION 106.	Notice to Holders; Waiver. 

 Where this Indenture provides for notice to Holders
of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at 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 is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed,
to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. 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. 

  
 - 9 - 

 In case by reason of the suspension of regular mail service or by reason of any other cause it
shall be impracticable to give such notice to Holders by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

 

	SECTION 107.	Conflict With Trust Indenture Act. 

 If any provision hereof limits, qualifies or
conflicts with another provision hereof which is required to be included in this Indenture by any of the provisions of the Trust Indenture Act, such required provision shall control. 

 

	SECTION 108.	Effect of Headings and Table of Contents. 

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

	SECTION 109.	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 110.	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 111.	Benefits of Indenture. 

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

 

	SECTION 112.	Governing Law. 

 This Indenture shall be governed by and construed in accordance
with the laws of the Commonwealth of Pennsylvania and, unless the laws of another jurisdiction are specified pursuant to Section 301, the Securities shall be governed by and construed in accordance with the laws of the Commonwealth of
Pennsylvania. 
  

	SECTION 113.	Legal Holidays. 

 In any case where any Interest Payment Date, Redemption Date or
Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities) payment of principal of (and premium, if any) and interest, if any, need not be
made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, provided

  
 - 10 - 

 
that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be. 

ARTICLE TWO 
 SECURITY
FORMS 
  

	SECTION 201.	Forms Generally. 

 The Securities of each series shall be in substantially the
form set forth in this Article, or in such other form (including global form) as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions,
substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon, as may be required to comply with the rules of
any securities exchange, or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of the Securities. If the form of Securities of any series is established by action taken pursuant to
a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by
Section 303 for the authentication and delivery of such Securities. 
 The Trustee’s certificate of authentication shall be in
substantially the form set forth in this Article. 
 The definitive Securities, if any, shall be printed, lithographed or engraved on steel
engraved borders or may be produced in any other manner, subject to the rules of any securities exchange upon which the Securities may be listed, all as determined by the officers executing such Securities, as evidenced by their execution of such
Securities. 
  

	SECTION 202.	Form of Face of Security. 

 THIS SECURITY IS NOT A DEPOSIT AND IS NOT INSURED BY
THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY GOVERNMENTAL AGENCY. 
 [If the Security is an Original Issue Discount Security,
insert — FOR PURPOSES OF SECTION 1273 OF THE UNITED STATES INTERNAL REVENUE CODE OF 1986, AS AMENDED, THE ISSUE PRICE OF THIS SECURITY IS     % OF ITS PRINCIPAL AMOUNT AND THE ISSUE DATE IS
            , 19    .] 
 F.N.B. CORPORATION

  

			
	No.                     	  	$             

 F.N.B. CORPORATION, a Pennsylvania corporation (hereinafter called the “Company”, which term
includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                     or registered assigns, the principal sum of          Dollars on

  
 - 11 - 

 
                     [If the Security is to bear interest prior to Maturity,
insert — , and to pay interest thereon from                      or from the most recent Interest Payment Date to which interest has
been paid or duly provided for, [semi-annually] [quarterly] on                      and
             in each year, commencing                     ; at the rate of
    % per annum, [If applicable, insert method of calculation of floating rate] until the principal hereof is paid or made available for payment [If applicable, insert — , and (to the extent that the
payment of such interest shall be legally enforceable) at the rate of     % per annum on any overdue principal and premium and on any overdue installment of interest]. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest, which shall be the                      or
                     (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date, Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any
time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said
Indenture]. [If the Security is not to bear interest prior to Maturity, insert — The principal of this Security shall not bear interest except in the case of; default in payment of principal upon acceleration, upon redemption or at
Stated Maturity and in such case the overdue principal of this Security shall bear interest at the rate of     % per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue
from the date of such default in payment to the date payment of such principal has been made or duly provided for. Interest on any overdue principal shall be payable on demand. Any such interest an any overdue principal that is not so paid on demand
shall bear interest at the rate of     % per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such demand for payment to the date payment of such
interest has been made or duly provided for, and such interest shall also be payable on demand.] 
 Payment of the principal of (and
premium, if any) and [if applicable, insert — any such] interest on this Security will be made at the office or agency of the Company maintained for that purpose in Hermitage, Pennsylvania [if applicable, insert — ;
provided, however, that at the option of the Company payment of interest may be made by check drawn upon any Paying Agent and mailed on or prior to an Interest Payment Date to the address of the Person entitled thereto as such address
shall appear in the Security Register]. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the reverse hereof, directly or through an Authenticating Agent, by the manual signature of 

  
 - 12 - 

 
an authorized signer, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 

Dated:                      

 

					
	F.N.B. CORPORATION
		
	By:	 	  

		 	Title:	 	  

 [Seal] 
 Attest: 

 

	
	  

  
 - 13 - 

	SECTION 203.	Form of Reverse of Security. 

 This Security is one of a duly authorized issue of
securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as              of
    , 1992 (herein called the “Indenture”), between the Company and North Central Bank of Williamsport, Pennsylvania, as trustee (herein called the “Trustee”, which term includes any successor Trustee
under the Indenture), to which Indenture and all indentures supplemental thereto, reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee, the Holders of
the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof [, limited in aggregate principal amount to
$        ]. 
 [If applicable, insert — The Securities of this series are subject
to redemption upon not less than 30 days’ notice by mail, [if applicable, insert — (1) on                      in any
year commencing with the year          and ending with the year          through operation of the sinking fund for this series at a Redemption Price equal
to 100% of the principal amount, and (2)] at any time [on or after             , 19     ], as a whole or in part, at the election of the Company, at the
following Redemption Prices (expressed as percentages of the principal amount): If redeemed [on or before                     ,
    %, and if redeemed] during the 12-month period beginning                      of the years indicated, 

 

													
	 Year
	  	Redemption
Price	 	  	Year	 	  	Redemption
Price	 
		  				  				  			
		  				  				  			

 and thereafter at a Redemption Price equal to     % of the principal amount, together, in the case
of any such redemption, [if applicable, insert — (whether through operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments the Stated Maturity of which is on or prior to such
Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 

[If applicable, insert — The Securities of this series are subject to redemption upon not less than 30 days’ notice by mail,
(1) on                      in any year commencing with the year          and ending with
the year          through operation of the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking fund (expressed as percentages of the principal amount)
set forth in the table below,          and (2) at any time [on or after             ], as a whole or in part, at the election of
the Company, at the Redemption Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: If redeemed during the 12-month period beginning
         of the years indicated, 

  
 - 14 - 

									
	 Year
	 	Redemption Price
for Redemption
Through Operation
of the Sinking Fund	 	 	Redemption Price for
Redemption Otherwise
than Through Operation
of the Sinking Fund	 
		 				 			
		 				 			
		 				 			

 and thereafter at a Redemption Price equal to     % of the principal amount, together in the case
of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments the Stated Maturity of which is on or prior to such Redemption Date will be payable to the
Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 

[Notwithstanding the foregoing, the Company may not, prior to
                    , redeem any Securities of this series as contemplated by [Clause (2) of)] the preceding paragraph as a part of, or
in anticipation of, any refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less than
    % per annum.] 
 [The sinking fund for this series provides for the redemption on
                     in each year beginning with the year          and ending with the year
         of [not less than] $         (“mandatory sinking fund”) and not more than $        ]
aggregate principal amount of Securities of this series. [Securities of this series acquired or redeemed by the Company otherwise than through [mandatory] sinking fund payments may be credited against subsequent [mandatory] sinking fund payments
otherwise required to be made in the inverse order in which they become due.] 
 In the event of redemption of this Security in part only, a
new Security or Securities of this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of
Payment, then (notwithstanding any other provision of the Indenture or of this Security) payment of principal (and premium, if any) and interest need not be made at such Place of Payment on such date, but may be made on the next succeeding Business
Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, provided that no interest shall accrue for the period from and after such Interest Payment Date,
Redemption Date or Stated Maturity, as the case may be. 
 [If the Security is not an Original Issue Discount Security, — If an
Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 

  
 - 15 - 

 [If the Security is an Original Issue Discount Security, —If an Event of Default with
respect to Securities of this series shall occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to
— insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal and overdue interest (in each case to the extent that the
payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and interest, if any, on the Securities of this series shall terminate.] 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of 50% in principal amount of the Securities at the time
Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all
Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair
the obligation of the company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of (and premium, if any) and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series,
of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The
Securities of this series are issuable only in registered form without coupons in denominations of $         and any integral multiple thereof. As provided in the Indenture and subject to certain
limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of a different authorized denomination, as requested by the Holder surrendering the same. 

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 tax or other governmental charge payable in connection therewith. 

  
 - 16 - 

 Prior to due presentment of this 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 this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 
 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 
  

	SECTION 204.	Form of Trustee’s Certificate of Authentication. 

 The Certificate of
Authentication on all Securities 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. 
  

			
	  

		 	as Trustee
		
	By	 	  

		 	Authorized Officer

  

	SECTION 205.	Securities in Global Form. 

 If any Security of a series is issuable in global
form, such 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 Security in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding securities represented thereby shall be made by the Trustee and in such manner as
shall be specified in such Security. Any instructions by the Company with respect to a Security in global form, after its initial issuance, shall be in writing but need not comply with Section 102. 

ARTICLE THREE 
 THE
SECURITIES 
  

	SECTION 301.	Amount Unlimited; Issuable in Series. 

 The aggregate principal amount of
Securities which may be authenticated and delivered and Outstanding under this Indenture is unlimited. The Securities may be issued up to the aggregate principal amount of Securities from time to time authorized by or pursuant to a Board Resolution.

 The Securities may be issued in one or more series. All Securities of each series issued under this Indenture shall in all respects be
equally and ratably entitled to the benefits hereof with respect to such series without preference, priority or distinction on account of the actual 

  
 - 17 - 

 
time of the authentication and delivery or Maturity of the Securities of such series. There shall be established in or pursuant to a Board Resolution, and subject to Section 303, set forth
or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series: 

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

3. the date or dates (or manner of determining the same) on which the principal of the Securities of the series is payable;

 4. the rate or rates (or the manner of calculation thereof) at which the Securities of the series shall bear interest (if
any), the date or dates from which such interest shall accrue; the Interest Payment Dates on which such interest shall be payable (or manner of determining the same) and the Regular Record Date for the interest Payable on any Securities on an
Interest Payment Date; 
 5. the place or places, if any, in addition to Hermitage, Pennsylvania, where the principal of (and
premium, if any) and interest on Securities of the series shall be payable, any Securities of that series may be surrendered for registration of transfer, and where any Securities of that series may be surrendered for exchange; 

6. the period or periods within which, the price or prices at which, and the terms and conditions upon which Securities of the
series may be redeemed, in whole or in part, at the option of the Company; 
 7. the obligation, if any, of the Company to
redeem or purchase Securities of the series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof, and the period or periods within which, the price or prices at which, and the terms and conditions upon which
Securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 
 8. if other
than denominations of $1,000 and any integral multiple thereof, the denominations in which Securities of the series shall be issuable; 

9. if the amount of payments of principal of (and premium, if any), or interest on the Securities of the series may be
determined with reference to an index, the manner in which such amounts shall be determined; 
 10. if other than the
principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502; 

  
 - 18 - 

 11. whether the Securities of the series shall be issued in whole or in part in
the form of a global Security or Securities and, in such case, the Depositary for such global Security or Securities; 
 12.
whether the Securities of the series will be subordinate to any other series of Security or other debt of the Company and the terms of such subordination; 

13. if other than the law of the Commonwealth of Pennsylvania, the law which will govern the terms of the Securities; and 

14. any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture). 

All Securities of any particular series shall be substantially identical except as to denomination and except as may otherwise be provided in
or pursuant to such Board Resolution and set forth in such Officers’ Certificate or in any such Indenture supplemental hereto. 
 At
the option of the Company, interest on the Securities of any series that bears interest may be paid by mailing a check to the address of the person entitled thereto as such address shall appear in the Securities Register. 

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

 

	SECTION 302.	Denominations. 

 The Securities of each series shall be issuable in registered
form without coupons in such denominations as shall be specified as contemplated by Section 301. In the absence of any such provisions with respect to the Securities of any series, the Securities of such series shall be issuable in
denominations of $1,000 and any integral multiple thereof. 
  

	SECTION 303.	Execution, Authentication, Delivery and Dating. 

 The Securities shall be executed
on behalf of the Company by its chairman of the board, its president or one of its vice presidents, under its corporate seal reproduced thereon attested by its secretary or one of its assistant secretaries. The signature of any of these officers on
the Securities may be manual or facsimile. 
 Securities bearing the manual or facsimile signatures of individuals who were at any time the
proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such
Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of
any series executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such 

  
 - 19 - 

 
Securities, and the Trustee in accordance with the Company Order and subject to the provisions hereof shall authenticate and deliver such Securities. If any Security shall be represented by a
global Security, then, for purposes of this Section and Section 304, the notation of the record owner’s interest therein upon original issuance of such Security shall be deemed to be delivery in connection with the original issuance of
each beneficial owner’s interest in such global Security. If all the securities of any one series are not to be originally issued at one time, and if a Board Resolution relating to such Securities shall so permit, such Company Order may set
forth procedures acceptable to the Trustee for the issuance and authentication of such Securities. If the form or terms of the Securities of the series have been established in or pursuant to one or more Board Resolutions as permitted by Sections
201 and 301, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected
in relying upon, an Opinion of Counsel stating: 
 (a) if the form of such Securities has been established by or pursuant to
Board Resolution as permitted by Section 201, that such form has been established in conformity with the provisions of this Indenture; 

(b) if the terms of such Securities have been established by or pursuant to Board Resolution as permitted by Section 301,
that such terms have been established in conformity with the provisions of this Indenture; and 
 (c) that all conditions
precedent to the authentication and delivery of such Securities have been met and that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion
of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting the
enforcement of creditors’ rights and to general equity principles. 
 If such form or terms have been so established, the Trustee shall
not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not
reasonably acceptable to the Trustee. 
 Each Security shall be dated the date of its authentication. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has
been duly authenticated and delivered hereunder and is entitled to the benefits, of this Indenture. 
 If the Company shall establish
pursuant to Section 301 that the Securities of a series are to be issued in the form of one or more global Securities, then the Company shall execute and the Trustee shall, in accordance with this Section and the Company Order with respect to
such series, authenticate and deliver one or more global Securities that (i) shall represent and shall be 

  
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denominated in an amount equal to the aggregate principal amount of all of the Securities of such series issued and not yet cancelled, (ii) shall be registered in the name of the Depositary
for such global Security or Securities or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions and (iv) shall bear a legend substantially to the
following effect: “Unless and until it is exchanged in whole or in part for Securities in definitive registered form, this Security may not be transferred except as a whole by the Depositary to the nominee of the Depositary or by a nominee of
the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.” 

Each Depositary designated pursuant to Section 301 for a global Security must, at the time of its designation and at all times while it
serves as Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation. 
  

	SECTION 304.	Temporary Securities. 

 Pending the preparation of definitive Securities of any
series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, in the manner specified in Section 303, temporary Securities which are printed, lithographed, typewritten, mimeographed, photocopied or
otherwise produced, in any authorized denomination, substantially of the tenor of the definitive securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers
executing such Securities may determine, as evidenced by their execution of such Securities. 
 If temporary Securities of any series are
issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for
definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or
more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations. Until so
exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series. 
  

	SECTION 305.	Registration, Registration of Transfer and Exchange. 

 The Company shall cause to
be kept at the office of the, Trustee or at any other office or agency of the Company a register (the register maintained in such office being herein 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 securities and for transfers of Securities. First National Bank of Mercer County, a Subsidiary of the Company, having its principal place of business at 3320 East State Street,
Hermitage, Pennsylvania, and the Trustee are hereby appointed “Co-Security Registrars” (referred to in herein as the “Security Registrar”), for the purpose of registering Securities as herein provided. 

  
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 Upon surrender for registration of transfer of any Security of any series at the office or agency
in a Place of Payment for that series, the .Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series, of any authorized
denominations and of a like aggregate principal amount. 
 At the option of the Holder, Securities of any series may be exchanged for other
Securities of the same series, of any authorized denominations and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Company
shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the, exchange is entitled to receive. 

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

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

No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities other than exchanges pursuant to Section 304, 906 or 1107 not involving any transfer. 

Neither the Company nor the Security Registrar shall be required (i) to issue, register the transfer of or exchange Securities of any
series during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of that series selected for redemption under Section 1103 and ending at the close of business on the day
of such mailing, or (ii) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 

Notwithstanding any other provision of this Section 305, unless and until it is exchanged in whole or in part for Securities in
definitive registered form, a global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such Depositary
or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. 

The Company may at any time and in its sole discretion determine that the Securities of any series issued in the form of one or more global
Securities shall no longer be represented by a global Security or Securities. In such event the Company will execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Securities of such

  
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series, will authenticate and deliver, Securities of such series in definitive registered form without coupons, in any authorized denominations, in an aggregate principal amount equal to the
principal amount of the global Security or Securities representing such series, in exchange for such global Security or Securities. 
 If
specified by the Company pursuant to Section 301 with respect to a series of Securities, the Depositary for such series of Securities may surrender a global Security for such series of Securities in exchange in whole or in part for Securities
of such series in definitive registered form on such terms as are acceptable to the Company and such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver, without service charge, 

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

(ii) to such Depositary a new global Security in a denomination equal to the difference, if any, between the principal amount
of the surrendered global Security and the aggregate principal amount of Securities authenticated and delivered pursuant to Clause (i) above. 

Upon the exchange of a global Security for Securities in definitive registered form without coupons, in authorized denominations, such global
Security shall be canceled by the Trustee. Securities in definitive registered form without coupons issued in exchange for a global Security, pursuant to this Section 305 shall be registered in such names and in such authorized denominations as
the Depositary for such global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to or as directed by the Persons in whose names such
Securities are so registered. 
  

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

 If any mutilated Security is
surrendered to the Trustee and there is delivered to the Company and the Trustee such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then the Company shall execute and, upon its
request, the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 

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

  
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 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become
due and payable, the Company in its discretion may, instead of issuing a new Security pay such Security. 
 Upon the issuance of any new
Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the 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 an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Securities of that series duly issued hereunder. 
 The provisions of this Section are exclusive and
shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
  

	SECTION 307.	Payment of Interest; Interest Rights Preserved. 

 Interest on any Security which
is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest payment. 
 Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for,
on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the
Company, at its election in each case, as provided in Clause (1) or (2) below: 
 1. The Company may elect to make
payment of any Defaulted Interest to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest
which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on, each Security of such series and the date of the proposed payment, and at the same time the
Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the
proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Clause, provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted
Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the
Company of such Special 

  
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Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date thereof to be mailed, first-class
postage prepaid, to each Holder of Securities of such series at his address as it appears in the Security Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record
Date and shall no longer be payable pursuant to the following Clause (2). 
 2. The Company may make payment of any Defaulted
Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice
given by the Company to the Trustee of the proposed payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 

Subject to the foregoing provisions of this Section 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. 

 

	SECTION 308.	Persons Deemed Owners. 

 Prior to due presentment of a 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 Security is registered as the owner of such Security for the purpose of receiving payment of principal of (and premium, if any)
and (subject to Section 307) interest on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice
to the contrary. 
 None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or liability
for any aspect of the records relating to any payments made on account of beneficial ownership interests of a global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

 

	SECTION 309.	Cancellation. 

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

  
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except as expressly permitted by this Indenture. All canceled Securities held by the Trustee shall be disposed of as directed by a Company Order. 

 

	SECTION 310.	Computation of Interest. 

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

ARTICLE FOUR 

SATISFACTION AND DISCHARGE 
  

	SECTION 401.	Satisfaction and Discharge of Securities of Any Series. 

 (a) The Company shall be
deemed to have satisfied and discharged the entire indebtedness on all the Securities of any particular series and, so long as no Event of Default shall be continuing, the Trustee for the Securities of such series, upon Company Request and at the
expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of such indebtedness, 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 the payment of which 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 Outstanding Securities of such series not described in Subclause (A) of this Subsection (a)(1) and not theretofore
delivered to the Trustee for cancellation (i) have become due and payable, or (ii) will become due and payable at their Stated Maturity within one year, or (iii) are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company; and the Company, in the case of (i), (ii), or (iii) above, has deposited or caused to be deposited with the
Trustee as trust funds in trust an amount sufficient to pay and discharge the entire indebtedness on such Outstanding Securities not theretofore delivered to the Trustee for cancellation; 

2. the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Outstanding
Securities of such series; and 
 3. the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of the entire indebtedness of all Securities of such series have been complied with. 

  
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 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company
to the Trustee under Section 607, the obligations of the Trustee to any Authenticating Agent under Section 614 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. 
  

	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 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 interest for the payment of which such money has been deposited with the
Trustee. 
 ARTICLE FIVE 

REMEDIES 
  

	SECTION 501.	Events 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 involuntary or be effected by operation of law pursuant to any judgment, decree or
order of any court or any order, rule or regulation of any administrative or governmental body): 
 1. default in the payment
of any interest upon any Security of that series when it becomes due and payable, and continuance of such default for a period of 30 days; or 

2. default in the payment of the principal of (or premium, if any, on) any Security of that series at its Maturity; 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 (other than a covenant
or warranty a default in the performance of which or the breach of which is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities other than that
series), and continuance of such default or breach for a period of 60 days after there has been given, by registered or certified mail, 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 

  
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 5. a default under any bond, debenture, note, or other evidence of indebtedness
for money borrowed by the Company or any Subsidiary (including a default with respect to Securities of any series other than that series) or under any mortgage indenture or instrument under which there may be issued or by which there may be secured
or evidenced any indebtedness for money borrowed by the Company or any Subsidiary (including this Indenture), whether such indebtedness now exists or shall hereafter be created, which default shall constitute a failure to pay any portion of the
principal (in an aggregate principal amount exceeding $1,000,000) of such indebtedness where due and payable after the expiration of any applicable grace period with respect thereto or shall have resulted in such indebtedness in an aggregate
principal amount exceeding $1,000,000 becoming or being declared due and payable prior to the date on which it would otherwise have become due and payable, without such indebtedness having been discharged, or such acceleration having been rescinded
or annulled, or there having been deposited in trust a sum of money sufficient to discharge in full such indebtedness, within a period of 30 days after there shall have been given, by registered or certified mail, 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 and requiring the Company to cause such indebtedness to be discharged or cause such
acceleration to be rescinded or annulled and stating that such notice is a “Notice of Default” hereunder; provided, however, that, subject to the provisions of Section 601 and 602, the Trustee shall not be deemed to have
knowledge of such default unless either (A) a Responsible Officer of the Trustee shall have actual knowledge of such default or (B) the Trustee shall have received written notice thereof from the Company, from any Holder, from the holder
of any such indebtedness or from the trustee under any such mortgage, indenture or other instrument; or 
 6. the entry by a
court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company or a Principal Member Bank in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization
or other similar law or (B) a decree or order adjudging the Company or a Principal Member Bank a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of
the Company or a Principal Member Bank under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or a Principal Member Bank or of any
substantial part of the property of either the Company or a Principal Member Bank, or ordering the winding up or liquidation of the affairs of either the Company or a Principal Member Bank, and the continuance of any such decree or order for relief
or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or 
 7. the commencement by
either the Company or a Principal Member Bank of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or
insolvent, or the consent by either the Company or a Principal Member Bank to the entry of a decree or order for relief in respect of either the Company or a Principal Member Bank, as the case may be, in an involuntary case or proceeding

  
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under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law onto the commencement against either the Company or a Principal Member Bank of any bankruptcy or
insolvency case or proceeding, or the filing by either the Company or a Principal Member Bank of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by either the Company or a
Principal Member Bank to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of either the Company or a Principal Member Bank or of any
substantial part of the property of either the Company or a Principal Member Bank, or the making by either the Company or a Principal Member Bank of an assignment for the benefit of creditors, or the admission by either the Company or a Principal
Member Bank in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by either the Company or a Principal Member Bank in furtherance of any such action; or 

8. any other Event of Default provided in the Security or the Board Resolution with respect to Securities of that series. 

 

	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 in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal
amount (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 that series to be due and payable immediately, by a
notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable without presentment, demand, protest or notice of any kind,
all of which are expressly waived. 
 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 provided, the Holders of 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 interest on all Securities of that series, 

(b) the principal of (and premium, if any, on) any Securities of that series which have become due otherwise than by such
declaration of acceleration and interest thereon at the rate or rates prescribed therefor in such Securities, 
 (c) to the
extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities, and 

  
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 (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; and 
 2. all Events of Default
with respect to Securities of that series, other than the non-payment of the principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. 

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 interest on any Security of any series when such interest
becomes 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 the Maturity thereof, 
 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 and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue
principal (and premium, if any) and, to the extent that payment of such interest shall be legally enforceable, upon any overdue installments of interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, 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, 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. 

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. 

  
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	SECTION 504.	Trustee May Pile 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 (or lesser amount in the case of Original Issue Discount Securities) 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 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 of principal (or lesser amount in the case of Original Issue Discount
Securities) (and premium, if any) and interest, if any, 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 and 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;
and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall
consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 607. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or
adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of the Holder in any such
proceeding. 
  

	SECTION 505.	Trustee May Enforce Claims Without Possession of Securities. 

 All rights of
action and claims under this Indenture or 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 of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 
  

	SECTION 506.	Application of Money Collected. 

 Any money collected by the Trustee pursuant to
this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, upon presentation of the

  
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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 under Section 607; 

SECOND: To the payment of the amounts then due and unpaid for principal of (and premium, if any) and interest on the Securities
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 amounts due and payable on such Securities for principal (and premium, if any) and interest,
respectively; and 
 THIRD: The balance, if any, to the Person or Persons entitled thereto. 

 

	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. an Event of Default with respect to that series shall have occurred and be continuing and such Holder shall have previously
given written notice to the Trustee of such default and the continuance thereof; 
 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 to the Trustee reasonable indemnity 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 that series; 
 it
being understood and intended that 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 to affect, disturb or prejudice the rights of any other of such Holders,
or to obtain or to seek to obtain priority or preference over any other of such Holders, or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 

 

	SECTION 508.	Unconditional Right of Holders to Receive Principal (and Premium, if any) and Interest, if any. 

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 

  
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premium, if any) and (subject to Section 307) interest on such Security on the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on the Redemption
Date) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder. 
  

	SECTION 509.	Restoration of Rights and Remedies. 

 If the Trustee or any Holder 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, subject to any
determination in such proceeding, the Company, the Trustee, and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders 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 is the last paragraph of Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right
or remedy, and every right and remedy shall, to the extent permitted by law, 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 Securities 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 or by law to the Trustee or to the Holders 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. 

 

	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, however, that: 
 1. such direction shall not be in conflict with any rule of law
or with this Indenture, and 
 2. the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction. 

  
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	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 hereunder with respect to such series and its consequences, except a default: 

1. in the payment of the principal of (or premium, if any) or interest, if any, on any Security of such series, or 

2. in respect of a covenant or provision hereof which under Article Nine 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 Event
of Default arising therefrom shall be deemed to have been cured; for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

 

	SECTION 514.	Undertaking for Costs. 

 All parties to this Indenture agree, and each Holder of
any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action
taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees,
against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit
instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any series, or to any suit instituted by any Holder for the enforcement
of the payment of the principal of (or premium, if any) or interest, if any, on any Security on or after the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date). 

ARTICLE SIX 
 THE
TRUSTEE 
  

	SECTION 601.	Certain Duties and Responsibilities. 

 (a) Except during the continuance of an
Event of Default, with respect to Securities of any series: 
 (1) the Trustee undertakes to perform, with respect to
Securities of such series, such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

  
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 (2) in the absence of bad faith on its part, the Trustee may, with respect to
Securities of such series, conclusively rely, as to the truth of the statements and correctness of the opinions expressed therein, upon certificates or opinion; furnished to the Trustee and conforming to the requirements of this Indenture; but in
the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether they Conform to the requirements of this
Indenture. 
 (b) In case an Event of Default with respect to Securities of any series has occurred and is continuing, the Trustee shall
exercise, with respect to Securities of such series, such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own
negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1) this Subsection
shall not be construed to limit the effect of Subsection (a) of this Section; 
 (2) the Trustee shall not be liable for
any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, determined as provided in Section 512, relating to the time, method and place of conducting any proceeding for any remedy available
to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series; and 

(4) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is
not reasonably assured to it. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct
or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
  

	SECTION 602.	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 by mail to all Holders of Securities of such series, in the manner set forth in Section 106, notice, of such default hereunder known to the

  
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Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest
on 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 or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the Holders of Securities of such series; and provided, further, however, that in the
case of any default of the character specified in Section 501(4) with respect to the 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, an Event of Default with respect to Securities of such series. 
  

	SECTION 603.	Certain Rights of Trustee. 

 Subject to the provisions of Section 601: 

1. 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, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or
parties; 
 2. any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request
or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 3.
whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically
prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate; 
 4. as a condition to
the taking, suffering or omission of any act contemplated hereunder, the Trustee may, but is not required to, consult with counsel and 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; suffered or omitted by it hereunder in good faith and in reliance thereon; 
 5.
the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee
reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

6. the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further

  
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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; and 
 7. 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. 
  

	SECTION 604.	Not Responsible for Recitals or Issuance of Securities. 

 The recitals contained
herein and in the Securities, except the Trustee’s certificates of authentication thereof, shall be taken as the statements of the Company, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. The Trustee
makes no representations as to the validity or sufficiency of this Indenture or of the Securities. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof.

  

	SECTION 605.	May Hold Securities. 

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

	SECTION 606.	Money Held in Trust. 

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

 

	SECTION 607.	Compensation and Reimbursement. 

 The Company agrees: 

1. to pay to the Trustee from time to time 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 any express trust); 

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

  
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 3. to indemnify the Trustee for, and to hold it harmless against, any loss,
liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the reasonable 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 Section, the Trustee shall have a lien prior to the Securities upon all property and funds held or collected by the Trustee as such, except for funds held in trust for the benefit of the
Holders of Securities. 
  

	SECTION 608.	Disqualification; Conflicting Interests. 

 (a) If the Trustee has or shall acquire
any conflicting interest, as defined in this Section, with respect to the Securities of any series, it shall, within 90 days after ascertaining that it has such conflicting interest, either eliminate such conflicting interest or resign with respect
to the Securities Of that series in the manner and with the effect hereinafter specified in this Article. 
 (b) In the event that the
Trustee shall fail to comply with the provisions of Subsection (a) of this Section with respect to the Securities of any series, the Trustee shall, within 10 days after the expiration of such 90-day period, transmit by mail to all Holders of
Securities, as their names and addresses appear in the Security Register, notice of such failure. 
 (c) For the purposes of this Section,
the Trustee shall be deemed to have a conflicting interest with respect to the Securities of any series, if: 
 (i) the
Trustee is trustee under this Indenture with respect to the Outstanding Securities of any series other than that series or is trustee under another indenture under which any other securities, or certificates of interest or participation in any other
securities, of the Company are outstanding, unless such other indenture is a collateral trust indenture under which the only collateral consists of Securities issued under this Indenture, provided, however, that there shall be excluded from
the operation of this paragraph (x) this Indenture with respect to the Securities of any series other than that series (y) or any indenture or indentures under which other securities, or certificates of interest or participation in other
securities, of the Company are outstanding, if 
 (A) this Indenture and such other indenture or indentures are wholly
unsecured and such other indenture or indentures are hereafter qualified under the Trust Indenture Act, unless the Commission shall have found and declared by order pursuant to Section 305(b) or Section 307(c) of the Trust Indenture Act,
that differences exist between the provisions of this Indenture with respect to Securities of that series and one or more other series or the provisions of such other indenture or indentures which are so likely to involve a material conflict of
interest as to make it necessary in the public interest or for the protection of investors to disqualify the Trustee from acting as such under this Indenture with respect to the Securities of that series and such other series or under such other
indenture or indentures; 

  
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 (B) the Company shall have sustained the burden of proving, on application to the
Commission and after opportunity for hearing thereon, that trusteeship under this Indenture with respect to the Securities of that series and such other series or such other indenture or indentures is not so likely to involve a material conflict of
interest as to make it necessary in the public interest or for the protection of investors to disqualify the Trustee from acting as such under this Indenture with respect to the Securities of that series and such other series or under such other
indenture or indentures; 
 (ii) the Trustee or any of its directors or executive officers is an obligor upon the Securities
or an underwriter for the Company; 
 (iii) the Trustee directly or indirectly controls or is directly or indirectly
controlled by or is under direct or indirect common control with the Company or an underwriter for the Company; 
 (iv) the
Trustee or any of its directors or executive officers is a director, officer, partner, employee, appointee or representative of the Company, or of an underwriter (other than the Trustee itself) for the Company who is currently engaged in the
business of underwriting, except that (i) one individual may be a director or an executive officer, or both, of the Trustee and a director or an executive officer, or both, of the Company but may not be at the same time an executive officer of
both the Trustee and the Company; (ii) if and so long as the number of directors of the Trustee in office is more than nine, one additional individual may be a director or an executive officer, or both, of the Trustee and a director of the
Company; and (iii) the Trustee may be designated by the Company or by any underwriter for the Company to act in the capacity of transfer agent, registrar, custodian, paying agent, fiscal agent, escrow agent or depositary, or in any other
similar capacity, or, subject to the provisions of paragraph (1) of this Subsection, to act as trustee, whether under an indenture or otherwise; 

(v) 10% or More of the voting securities of the Trustee is beneficially owned either by the Company or by any director, partner
or executive officer thereof, or 20% or more of such voting securities is beneficially owned, collectively, by any two or more of such persons; or 10% or more of the voting securities of the Trustee is beneficially owned either by an underwriter for
the Company Or by any director, partner or executive officer thereof, or is beneficially owned, collectively, by any two or more such persons; 

(vi) the Trustee is the beneficial owner of, or holds as collateral security for an obligation which is in default (as
hereinafter in this Subsection defined), (i) 5% or more of the voting securities, or 10% or more of any other class of security, of the Company not including the Securities of any series for which the Trustee is acting as such issued under this
Indenture and securities issued under any other indenture under which the Trustee is also trustee, or (ii) 10% or more of any class of security of an underwriter for the Company; 

(vii) the Trustee is the beneficial owner of, or holds as collateral security for an obligation which is in default (as
hereinafter in this Subsection defined), 5% or more of 

  
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the voting securities of any person who, to the knowledge of the Trustee; owns 10% or more of the voting securities of, or controls directly or indirectly or is under direct or indirect common
control with, the Company; 
 (viii) the Trustee is the beneficial owner of, or holds as collateral security for an
obligation which is in default (as hereinafter in this Subsection defined), 10% or more of any class of security for any person who, to the knowledge of the Trustee, owns 50% or more of the voting securities of the Company; or 

(ix) the Trustee owns, on May 15 in any calendar year, in the capacity of executor, administrator, testamentary or
interviews trustee, guardian, committee or conservator, or in any other similar capacity, an aggregate of 25% or more of the voting securities, or of any class of security, of any person, the beneficial ownership of a specified percentage of which
would have constituted a conflicting interest under paragraph (6), (7) or (8) of this Subsection. As to any such securities of which the Trustee acquired ownership through becoming executor, administrator or testamentary trustee of an
estate which included them, the provisions of the preceding sentence shall not apply, for a period of two years from the date of such acquisition, to the extent that such securities included in such estate do not exceed 25% of such voting securities
or 25% of any such class of security. Promptly after May 15 in each calendar year, the Trustee shall make a check of its holdings of such securities in any of the above-mentioned capacities as of such May 15. If the Company fails to make
payment in full of the principal of (or premium, if any) or interest on any of the Securities when and as the same becomes due and payable, and such failure continues for 30 days thereafter, the Trustee shall make a prompt check of its holdings of
such securities in any of the above-mentioned capacities as of the date of the expiration of such 30-day period, and after such date, notwithstanding the foregoing provisions of this paragraph, all such securities so held by the Trustee, with sole
or joint control over such securities vested in it, shall, but only so long as such failure shall continue, be considered as though beneficially owned by the Trustee for the purposes of paragraphs (6) , (7) and (8) of this Subsection.

 The specification of percentages in paragraphs (5) to (9), inclusive, of this Subsection shall not be construed as indicating that
the ownership of such percentages of the securities of a person is or is not necessary or sufficient to constitute direct or indirect control for the purposes of paragraph (3) or (7) of this Subsection. 

For purposes of paragraphs (6), (7), (8) and (9) of this Subsection only, (i) the terms “security” and
“securities” shall include only such securities as are generally known as corporate securities, but shall not include any note or other evidence of indebtedness issued to evidence an obligation to repay moneys lent to a person by one or
more banks, trust companies or banking firms, or any certificate of interest or participation in any such note or evidence of indebtedness; (ii) an obligation shall be deemed to be “in default” when a default in payment of principal
shall have continued for 30 days or more and shall not have been cured; and (iii) the Trustee shall not be deemed to be the owner or holder of (A) any security which it holds as collateral security, as trustee or otherwise, for an
obligation which is not in default as defined in Clause (ii) above, or (B) any security which it holds as collateral security under this Indenture, irrespective of any 

  
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default hereunder, or (C) any security which it holds as agent for collection, or as custodian, escrow agent or depositary, or in any similar representative capacity. 

(d) For the purposes of this Section: 

(i) The term “underwriter”, when used with reference to the company, means every person who, within three years prior
to the time as of which the determination is made, has purchased from the Company with a view to, or has offered or sold for the Company in connection with, the distribution of any security of the Company outstanding at such time, or has
participated or has had a direct or indirect participation in any such undertaking, or has participated or has had a participation in the direct or indirect underwriting of any such undertaking, but such term shall not include a person whose
interest was limited to a commission from an underwriter or dealer not in excess of the usual and customary distributors’ or sellers’ commission. 

(ii) The term “director” means any director of a corporation or any individual performing similar functions with
respect to any organization, whether incorporated or unincorporated. 
 (iii) The term “person” means an
individual, a corporation, a partnership, an association, a joint-stock company, a trust, an unincorporated organization or a government or political subdivision thereof. As used in this paragraph, the term “trust” shall include only a
trust where the interest or interests of the beneficiary or beneficiaries are evidenced by a security. 
 (iv) The term
“voting security” means any security presently entitling the owner or holder thereof to vote in the direction or management of the affairs of a person, or any security issued under or pursuant to any trust, agreement or arrangement whereby
a trustee or trustees or agent or agents for the owner or holder of such security are presently entitled to vote in the direction or management of the affairs of a person. 

(v) The term “Company” means any obligor upon the Securities. 

(vi) The term “executive officer” means the president, every vice president, every trust officer, the cashier, the
secretary and the treasurer of a corporation, and any individual customarily performing similar functions with respect to any organization whether incorporated or unincorporated, but shall not include the chairman of the board of directors. 

(e) The percentages of voting securities and other securities specified in this Section shall be calculated in accordance with the following
provisions: 
 (i) A specified percentage of the voting securities of the Trustee, the Company or any other person referred
to in this Section (each of whom is referred to as a “person” in this paragraph) means such amount of the outstanding voting securities of such person as entitles the holder or holders thereof to cast such specified percentage of the
aggregate votes which the holders of all the outstanding voting securities of such person are entitled to cast in the direction or management of the affairs of such person. 

  
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 (ii) A specified percentage of a class of securities of a person means such
percentage of the aggregate amount of securities of the class outstanding. 
 (iii) The term “amount”, when used in
regard to securities, means the principal amount if relating to evidences of indebtedness, the number of shares if relating to capital shares and the number of units if relating to any other kind of security. 

(iv) The term “outstanding” means issued and not held by or for the account of the issuer. The following securities
shall not be deemed outstanding within the meaning of this definition: 
 (A) securities of an issuer held in a sinking fund
relating to securities of the issuer of the same class; 
 (B) securities of an issuer held in a sinking fund relating to
another class of securities of the issuer, if the obligation evidenced by such other class of, securities is not in default as to principal or interest or otherwise; 

(C) securities pledged by the issuer thereof as security for an obligation of the issuer not in default as to principal or
interest or otherwise; and 
 (D) securities held in escrow if placed in escrow by the issuer thereof; 

provided, however, that any voting securities of an issuer shall be deemed outstanding if any person other than the issuer is entitled
to exercise the voting rights thereof. 
 (v) A security shall be deemed to be of the same class as another security if both
securities confer upon the holder or holders thereof substantially the same rights and privileges; provided, however, that, in the case of secured evidences of indebtedness, all of which are issued under a single indenture, differences in the
interest rates or maturity dates of various series thereof shall not be deemed sufficient to constitute such series different classes and provided, further, that, in the case of unsecured evidences of indebtedness, differences in the interest
rates or maturity dates thereof shall not be deemed sufficient to constitute them securities of different classes, whether or not they are issued under a single indenture. 
  

	SECTION 609.	Corporate Trustee Required; Eligibility. 

 There shall at all times be a Trustee
hereunder for the Securities of each series which shall be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate
trust powers, having a combined capital and surplus of at least $50,000,000, and subject to supervision or examination by Federal or State authority and having its Corporate Trust Office in Pennsylvania, if there be such a corporation in
Pennsylvania, qualified and eligible under this Article and willing to act on reasonable terms. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set 

  
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forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in
the manner and with the effect hereinafter specified in this Article. 
  

	SECTION 610.	Resignation and Removal; Appointment of Successor. 

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

(b) The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company.
If the instrument of acceptance by a successor Trustee required by Section 611 shall not have been delivered to the 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 the Securities of such series. 
 (c) The Trustee may be removed at
any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. 

(d) If at any time: 

1. the Trustee shall fail to comply with Section 608 (a) after written request therefor by the Company or by any
Holder who has been a bona fide Holder of a Security for at least six months, or 
 2. the Trustee shall cease to be
eligible under Section 609 and shall fail to resign after written request therefor by the Company or by any such Holder, or 

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

then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (ii) subject to
Section 514, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with
respect to all Securities and the appointment of a successor Trustee or Trustees. 
 (e) If the Trustee shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to
the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the
Securities of any particular series) and shall comply with the applicable requirements of Section 611. If, within 

  
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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 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 611, 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 and accepted appointment in the manner required by Section 611, any Holder who has been a bona fide Holder of a Security of such series for at least six
months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

(f) The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each
appointment of a successor Trustee with respect to the Securities of any series in the manner and to the extent provided in Section 106. Each notice shall include the name of the successor Trustee with respect to the Securities of such series
and the address of its Corporate Trust Office. 
  

	SECTION 611.	Acceptance of Appointment by Successor. 

 (a) In case of the appointment hereunder
of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the
request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers, and trusts of the retiring Trustee and shall
duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its lien, if any, provided for in Section 607. 

(b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the
Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver, an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which
(1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or
those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or
change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall

  
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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 upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series, to which the appointment of such successor Trustee relates; but, on
request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee, to the extent contemplated by such supplemental indenture, all property and money held by such retiring Trustee
hereunder with respect to the Securities of that or those series who which the appointment of such successor Trustee relates. 
 (c) Upon
request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or
(b) of this Section, as the case may be. 
 (d) No successor Trustee shall accept its appointment unless at the time of such acceptance
such successor Trustee shall be qualified and eligible under this Article. 
  

	SECTION 612.	Merger, Conversion, Consolidation or Succession to Business. 

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

	SECTION 613.	Preferential Collection of Claims Against Company. 

 (a) Subject to Subsection
(b) of this Section, if the Trustee shall be or shall become a creditor, directly or indirectly, secured or unsecured, of the Company within four months prior to a default, as defined in Subsection (c) of this Section, or subsequent to
such a default, then, unless and until such default shall be cured, the Trustee shall set apart and hold in a special account for the benefit of the Trustee individually, the Holders of the Securities and the holders of other indenture securities,
as defined in Subsection (c) of this Section: 
 (1) an amount equal to any and all reductions in the amount due and
owing upon any claim as such creditor in respect of principal or interest, effected after the beginning of such four months’ period and valid as against the Company and its other 

  
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creditors, except any such reduction resulting from the receipt or disposition of any property described in paragraph (2) of this Subsection, or from the exercise of any right of set-off
which the Trustee could have exercised if a petition in bankruptcy had been filed by or against the Company upon the date of such default; and 

(2) property received by the Trustee in respect of any claim as such creditor, either as security therefor, or in satisfaction
or composition thereof, or otherwise, after the beginning of such four months’ period, or an amount equal to the proceeds of any such property, if disposed of, subject, however, to the rights, if any, of the Company and its other
creditors in such property or such proceeds. 
 Nothing herein contained, however, shall affect the right of the Trustee: 

(A) to retain for its own account (i) payments made on account of any such claim by any Person (other than the Company)
who is liable thereon, and, (ii) the proceeds of the bona fide sale of any such claim by the Trustee to a third person, and (iii) distributions made in cash, securities or other property in respect of claims filed against the
Company in bankruptcy or receivership or in proceedings for reorganization pursuant to Federal bankruptcy law, as now or hereafter constituted, or any other applicable Federal or State law; 

(B) to realize, for its own account, upon any property held by it as security for any such claim, if such property was so held
prior to the beginning of such four months’ period; 
 (C) to realize, for its own account, but only to the extent of
the claim hereinafter mentioned, upon any property held by it as security for any such claim, if such claim was created after the beginning of such four months’ period and such property was received as security therefor simultaneously with the
creation thereof, and if the Trustee shall sustain the burden of proving that at the time such property was so received the Trustee had no reasonable cause to believe that a default, as defined in Subsection (c) of this Section, would occur
within four months; or 
 (D) to receive payment on any claim referred to in paragraph (B) or (C), against the release
of any property held as security for such claim as provided in paragraph (B) or (C), as the case may be, to the extent of the fair value of such property. 

For the purposes of paragraphs (B), (C) and (D), property substituted after the beginning of such four months’ period for property
held as security at the time of such substitution shall, to the extent of the fair value of the property released, have the same status as the property released, and, to the extent that any claim referred to in any of such paragraphs is created in
renewal of or in substitution for or for the purpose of repaying or refunding any pre-existing claim of the Trustee as such creditor, such claim shall have the same status as such pre-existing claim. 

If the Trustee shall be required to account, the funds and property held in such special account and the proceeds thereof shall be apportioned
among the Trustee, the Holders and the 

  
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holders of other indenture securities in such manner that the Trustee, the Holders and the holders of other indenture securities realize, as a result of payments from such special account and
payments of dividends on claims filed against the Company in bankruptcy or receivership or in proceedings far reorganization pursuant to Federal Bankruptcy law, as now or hereafter constituted, or any other applicable Federal or State bankruptcy,
insolvency or similar law, the same percentage of their respective claims figured before crediting to the claim of the Trustee anything on account of the receipt by it from the Company of the funds and property in such special account and before
crediting to the respective claims of the Trustee and the Holders and the holders of other indenture securities dividends on claims filed against the Company in bankruptcy or receivership or in proceedings for reorganization pursuant to Federal
Bankruptcy law, as now or hereafter constituted, or any other applicable Federal or State bankruptcy, insolvency or similar law, but after crediting thereon receipts on account of the indebtedness represented by their respective claims from all
sources other than from such dividends and from the funds and property so held in such “special account”. As used in this paragraph, with respect to any claim, the term “dividends” shall include any distribution with respect to
such claim, in bankruptcy or receivership or proceedings for reorganization pursuant to Federal Bankruptcy law, as now or hereafter constituted, or any other applicable Federal or State bankruptcy, insolvency or similar law, whether such
distribution is made in cash, securities or other property, but shall not include any such distribution with respect to the secured portion, if any, of such claim. The court in which such bankruptcy, receivership or proceedings for reorganization is
pending shall have jurisdiction (i) to apportion among the Trustee, the Holders and the holders of other indenture securities, in accordance with the provisions of this paragraph, the funds and property held in such special account and proceeds
thereof, or (ii) in lieu of such apportionment, in whole or in part, to give to the provisions of this paragraph due consideration in determining the fairness of the distributions to be made to the Trustee and the Holders and the holders of
other indenture securities with respect to their respective claims, in which event it shall not be necessary to liquidate or to appraise the value of any securities or other property held in such special account or as security for any such claim, or
to make a specific allocation of such distributions as between the secured and unsecured portions of such claims, or otherwise to apply the provisions of this paragraph as a mathematical formula. 

Any Trustee which has resigned or been removed after the beginning of such four months’ period shall be subject to the provisions of this
Subsection as though such resignation or removal had not occurred. If any Trustee has resigned or been removed prior to the beginning of such four months’ period, it shall be subject to the provisions of this Subsection if, and only if, the
following conditions exist: 
 (i) the receipt of property or reduction of claim, which would have given rise to the
obligation to account, if such Trustee had continued as Trustee, occurred after the beginning of such four months’ period; and 

(ii) such receipt of property or reduction of claim occurred within four months after such resignation or removal. 

(b) There shall be excluded from the operation of Subsection (a) of this Section a creditor relationship arising from: 

  
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 (1) the ownership or acquisition of securities issued under any indenture, or any
security or securities having a maturity of one year or more at the time of acquisition by the Trustee; 
 (2) advances
authorized by a receivership or bankruptcy court of competent jurisdiction or by this Indenture, for the purpose of preserving any property which shall at any time be subject to the lien of this Indenture or of discharging tax liens or other prior
liens or encumbrances thereon, if notice of such advances and of the circumstances surrounding the making thereof is given to the Holders at the time and in the manner provided in this Indenture; 

(3) disbursements made in the ordinary course of business in the capacity of trustee under an indenture, transfer agent,
registrar, custodian, paying agent, fiscal agent or depositary, or other similar capacity; 
 (4) an indebtedness created as
a result of services rendered or premises rented; or an indebtedness created as a result of goods or securities sold in a cash transaction, as defined in Subsection (c) of this Section; 

(5) the ownership of stock or of other securities of a corporation organized under the provision of Section 25(a) of the
Federal Reserve Act, as amended, which is directly or indirectly a creditor of the Company; and 
 (6) the acquisition,
ownership, acceptance or negotiation of any drafts, bills of exchange, acceptances or obligations which fall within the, classification of self-liquidating paper, as defined in Subsection (c) of this Section. 

(c) For the purposes of this Section only: 

(1) the term “default” means any failure to make payment in full of the principal of or interest on any, of the
Securities or upon the other indenture securities when and as such principal or interest becomes due and payable; 
 (2) the
term “other indenture securities” means securities upon which the Company is an obligor outstanding under any other indenture (i) under which the Trustee is also trustee, (ii) which contains provisions substantially similar to
the provisions of this Section, and (iii) under which a default exists at the time of the apportionment of the funds and property held in such special account; 

(3) the, term “cash transaction” means any transaction in which full payment for goods or securities sold is made
within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand; 

(4) the term “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which is made,
drawn, negotiated or incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing

  
 - 48 - 

 
title to, possession of, or a lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the
security, provided the security is received by the Trustee simultaneously with the creation of the creditor relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or
obligation; and 
 (5) the term “Company” means any obligor upon the Securities. 

 

	SECTION 614.	Appointment of Authenticating Agent. 

 At any time when any of the Securities
remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original
issue or upon exchange, registration of transfer or partial redemption thereof and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on
behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation
organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers and to act as Authenticating Agent, having a combined capital
and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said
supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so
published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall be the successor of such
Authenticating Agent hereunder, 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 parties hereto or the Authenticating Agent or such successor
operation. 
 An Authenticating Agent for any series of Securities may resign at any time by giving written notice thereof to the Trustee
for such series and to the Company. The Trustee for any series of Securities may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company in the manner set forth in
Section 105. Upon receiving such notice of resignation or upon such termination, or in case at 

  
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any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee for such series of Securities may appoint a successor Authenticating
Agent which shall be acceptable to the Company and shall mail written notice of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will serve in the manner set forth in Section 106. 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 Trustee for the Securities of each
series agrees to pay to the Authenticating Agent for such series from time to time reasonable compensation for its services under this Section, and the Trustee shall be entitled to be reimbursed for such payments, subject to Section 607. 

The provisions of Sections 308, 604 and 605 shall be applicable to each Authenticating Agent. 

Pursuant to each appointment made under this section, the Securities of each series covered by such appointment may have endorsed thereon, in
addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 

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

 

			
	                                    
                                         
         ,
		 	  as Trustee
		
	By:	 	  

		 	  As Authenticating Agent
		
	By:	 	  

		 	  Authorized Officer

  
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 ARTICLE SEVEN 

LISTS OF HOLDERS AND REPORTS BY TRUSTEE AND COMPANY 
  

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

 The Company will
furnish or cause to be furnished to the Trustee 
 (a) semi-annually, not more than 15 days after each Regular Record Date in each year, a
list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders as of such Regular Record Date, and 

(b) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of
similar form and content as of a date not more than 15 days prior to the time such list is furnished; 
 excluding from any such list names and
addresses received by the Trustee, in its capacity as security Registrar. 
  

	SECTION 702.	Preservation of Information; Communications Holders. 

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

(b) If three or more Holders (herein referred to as “applicants”) apply in writing to the Trustee, and furnish to the Trustee
reasonable proof that each such applicant had owned a Security for a period of at least six months preceding the date of such application, and such application states that the applicants desire to communicate with other Holders with respect to their
rights under this Indenture or under the Securities and is accompanied by a copy of the form of proxy or other communication which such applicants propose to transmit, then the Trustee shall, within five business days after the receipt of such
application, at its election, either: 
 (i) afford such applicants access to the information preserved at the time by
Trustee in accordance with Section 702(a), or 
 (ii) inform such applicant as to the approximate number of Holders
whose names and addresses appear in the information preserved at the, time by the Trustee in accordance with Section 702(a), and as to the approximate cost of mailing to such Holders the form of proxy or other communication, if any, specified
in such application. 
 If the Trustee shall elect not to afford such applicants access to such information, the Trustee shall, upon the
written request of such applicants, mail to each Holder whose name and address appears in the information preserved at the time by Trustee in accordance with, Section 702(a), a copy of the form of proxy or other communication which is specified
in such request, with reasonable promptness after a tender to the Trustee of the material to be mailed and of 

  
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payment, or provision for the payment, of the reasonable expenses of mailing, unless within five days after such tender the Trustee shall mail to such applicants and file with the 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 or would be in violation of applicable law. Such written
statement shall specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to sustain any of such objections or if, after the
entry of an order sustaining one or more of such, objections, the Commission shall find, after notice and opportunity tor hearing, that all the objections so sustained have been met and shall enter an order so declaring, the Trustee shall mail
copies of such material to all such Holders 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.

 (c) Every Holder of Securities, by receiving and holding the same, agrees with the company and the Trustee that neither the Company nor
the Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in accordance with Section 702(b), 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 702(b). 
  

	SECTION 703.	Reports by Trustee. 

 (a) Within 60 days after May 15 of each year commencing
with the year following the first issuance of Securities, the Trustee shall transmit by mail to all Holders, in the manner set forth in Section 106, a brief report dated as of such May 15 with respect to: 

(1) its eligibility under Section 609 and its qualifications under Section 608, or in lieu thereof, if to the best of
its knowledge it has continued to be eligible and qualified under said Sections, a written statement to such effect; 
 (2)
the character and amount of any advances (and if the Trustee elects so to state, the circumstances surrounding the making thereof) made by the Trustee (as such) which remain unpaid on the date of such report, and for the reimbursement of which it
claims or may claim a lien or charge, prior to that of the Securities, on any property or funds held or collected by it as Trustee, except that the Trustee shall not be required (but may elect) to report such advances if such advances so remaining
unpaid aggregate not more than 1/2 of 1% of the principal amount of the Securities Outstanding on the date of such report; 

(3) the amount, interest rate and maturity date of all other indebtedness owing by the Company (or by any other obligor on the
Securities) to the Trustee in its individual capacity, on the date of such report, with a brief description of any property held as collateral security therefor, except an indebtedness based upon a creditor relationship arising in any manner
described in Section 613(b)(2), (3), (4) or (6); 

  
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 (4) the property and funds, if any, physically in the possession of the Trustee
as such on the date of such report; 
 (5) any additional issue of Securities which the Trustee has not previously reported;
and 
 (6) any action taken by the Trustee in the performance of its duties hereunder which it has not previously reported
and which in its opinion materially affects the Securities, except action in respect of a default, notice of which has been or is to be withheld by the Trustee in accordance with Section 602. 

(b) The Trustee shall transmit by mail to all Holders, in the manner set forth in Section 106, a brief report with respect to the
character and amount of any advances (and if the Trustee elects so to state, the circumstances surrounding the making thereof) made by the Trustee (as such) since the date of the last report transmitter pursuant to Subsection (a) of this
Section (or if no such report has yet been so transmitted, since the date of execution of this instrument) for the reimbursement of which it claims or may claim a lien or charge, prior to that of the securities, on property or funds held or
collected by it as Trustee and which it has not previously reported pursuant to this Subsection, except that the Trustee shall not be required (but may elect) to report such advances if such advances remaining unpaid at any time aggregate 10% or
less of the principal amount of the Securities Outstanding at such time, such report to be transmitted within 90 days after such time. 

(c) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each securities exchange upon
which any Securities are listed, with the Commission and with the Company. The Company will notify the Trustee when any Securities are listed on any securities exchange. 
  

	SECTION 704.	Reports by Company. 

 The Company 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 Exchange Act; or, if the Company is not required to file information, documents or reports pursuant to either of said Sections, then it shall file with the Trustee and the
Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the Exchange Act in
respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(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 the conditions 

  
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and covenants of this Indenture as may be required from time to time by such rules and regulations; and 

(3) transmit by mail to all Holders, in the manner set forth in Section 106, within 30 days after the filing thereof with
the Trustee, 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. 
 ARTICLE EIGHT 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
  

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

 The Company shall not
consolidate with or merge into any other corporation or sell, convey, exchange, transfer or lease its properties and assets substantially as an entirety to any Person, and the company shall not permit any Person to consolidate with or merge into the
company or sell, convey, exchange, transfer or lease its properties and assets substantially as an entirety to the Company, unless: 

(1) in case the Company shall consolidate with or merge into another corporation or sell, convey, exchange, transfer or lease
its properties and assets substantially as entirety to any Person, the corporation 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 supplemental hereto,
executed and delivered 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 all the Securities and the performance of every covenant of this Indenture on the part
of the Company to be performed or observed; 
 (2) immediately after giving effect to such transaction no Event of Default,
and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing; 

(3) if, as a result of any such consolidation or merger or such sale, conveyance, exchange, transfer or lease, properties or
assets of the Company or any Subsidiary would become subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be permitted by this Indenture, the Company or any such Subsidiary or such successor corporation or
Person, as the case may be, shall take such steps as shall be necessary effectively to secure the Securities equally and ratably with (or prior to) all indebtedness secured thereby; and 

(4) the Company or any such Subsidiary has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that such consolidation, merger, sale, conveyance, exchange, transfer or lease and supplemental indenture comply 

  
 - 54 - 

 
with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

 

	SECTION 802.	Successor Corporation Substituted. 

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

SUPPLEMENTAL INDENTURES 
  

	SECTION 901.	Supplemental Indentures Without Consent of Holders. 

 Without the consent of any
Holders, the Company, when authorized by a Board Resolution, 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 corporation to the Company and the assumption by any such successor of the covenants
of the Company herein and in the Securities; or 
 (2) to add to the covenants of the Company for the benefit of the Holders
of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or
power herein conferred upon the Company; or 
 (3) to add any additional Events of Default; or 

(4) to add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate
the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons; or 

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

(6) to secure the Securities; or 

  
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 (7) to establish the form or terms of Securities of any series as permitted by
Sections 201 and 301; or 
 (8) 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 611(b); or 
 (9) to cure any ambiguity, to correct or supplement any provision herein which
may be inconsistent with any other Provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided, however, that such action shall not adversely affect the interests of the
Holders of Securities of any series in any material respect. 
  

	SECTION 902.	Supplemental Indentures With Consent of Holders. 

 With the consent of the Holders
of not less than 50% 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 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 modifying in any manner the rights of the
Holders of Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby; 

(1) 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 or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 502, 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 

(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,
or 
 (3) modify any of the provisions of this Section, Section 513 or Section 1010, except to increase any such
percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to
require the consent of any Holder with respect to changes in the references to 

  
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“the Trustee” and concomitant changes in this Section and Section 1010 or the deletion of this proviso, in accordance with the requirements of Section 611(b) and 901(8). 

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 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. 

 In executing, or accepting the additional
trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) 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 904.	Effect of Supplemental Indentures. 

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

	SECTION 905.	Conformity with Trust Indenture Act. 

 Every supplemental indenture executed
pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 
  

	SECTION 906.	References in Securities to Supplemental Indentures. 

 Securities of any series
authenticated and delivered after the execution of any supplemental indenture pursuant to this Article 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. 

  
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 ARTICLE TEN 

COVENANTS 
  

	SECTION 1001.	Payment of Principal (and Premium, if any) and Interest, if any. 

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

	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 that series may be presented or surrendered for payment, an office or agency where Securities of that series may be surrendered for registration of transfer or exchange and
where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office
or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 

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

	SECTION 1003.	Money for Securities Payments To Be Held in Trust. 

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

  
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 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, if any, 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; 

(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, if any, 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 trusts as those upon which such sums were held by the Company or such
Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and
premium, if any) or interest, if any on any Security of any series and remaining unclaimed for three years after such principal (and premium, if any) or interest, if any, 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; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying
Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in the Borough of Manhattan, The City of New York and in each Place of Payment for
Securities of that series, 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, unless otherwise required by mandatory provision of applicable escheat, or abandoned or unclaimed property law. 
  

	SECTION 1004.	Corporate Existence. 

 Subject to Article Eight and to Section 1008, 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 

  
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(charter and statutory) and franchises as well as the corporate existence, rights (charter and statutory) and franchises of each Subsidiary; provided, however, that the Company shall not
be required to preserve any such 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 1005.	Maintenance of Properties. 

 The Company will cause all properties used or useful
in the conduct of its business or the business of any Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and will cause to be made all necessary repairs, renewals, replacements,
betterments and improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided, however, that nothing in
this Section shall prevent the Company from discontinuing the operation or maintenance of any such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any Subsidiary and
not disadvantageous in any material respect to the Holders. 
  

	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; provided, however, that 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.	Limitation on Disposition of Capital Stock of, and Merger and Sale of Assets by, Subsidiaries. 

Subject to the rights of the Company hereunder in connection with any consolidation with, or merger with or into, another corporation or a
sale, conveyance, exchange, transfer or lease of its properties and assets substantially as entirety, so long as any of the Securities shall be outstanding, the Company shall not directly or indirectly: 

(a) sell, transfer, or otherwise dispose of any shares of Capital Stock of any Subsidiary that is a Principal Member Bank, except directors,
qualifying shares; provided, however, that the Company may permit any Subsidiary to issue shares of Capital Stock, merge or consolidate, or sell, convey, exchange, transfer or lease its properties and assets substantially as an entirety if the
consideration for such transaction, in cash or property, at least equals, in the opinion of the Board of Directors, the fair value of such shares, properties and assets and either, immediately after giving effect to such transaction, the Company
owns, directly or indirectly, the 

  
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same pro-rata interest in the Capital Stock of such Subsidiary as it owned immediately before giving effect to such transaction, or the Company then owns no shares of such Subsidiary; or 

(b) permit any Subsidiary to: 

(i) issue (other than in connection with a stock dividend or stock split or in connection with a pre-emptive rights offering
whereby the Company’s pro-rata interest in any such Subsidiary is not reduced) any shares of Capital Stock, except to the Company or a Subsidiary or for directors’ qualifying shares; 

(ii) merge or consolidate, except with the Company or if the surviving corporation is a Subsidiary all of the outstanding
shares of capital Stock (other than directors’ qualifying shares) of which are owned directly or indirectly by the Company; or 

(iii) sell, convey, exchange, transfer or lease its properties and assets substantially as an entirety to any Person, except to
the Company or a Subsidiary all of the outstanding shares, of Capital Stock (other than directors’ qualifying shares) of which are owned directly or indirectly by the Company; 

Notwithstanding subparagraph (a) above, the Company may sell, assign, transfer or otherwise dispose of any shares of, of securities
convertible into, or options, warrants or rights to subscribe for or purchase shares of Capital Stock of any Subsidiary, 

(i) in compliance with an order of a court or regulatory authority of competent jurisdiction or as a condition imposed by such
court or authority to the acquisition by the Company, directly or indirectly, or any other corporation or entity, or 
 (ii)
when the proceeds from any such sale, assignment, transfer or disposition are, within 270 days or such longer period of time as may be necessary to obtain regulatory approvals in connection therewith, to be invested pursuant to an understanding or
agreement in principle reached at the time of sale, assignment, transfer or disposition, in any Subsidiary (including any Person which upon such investment becomes a Subsidiary) engaged in a banking business or any other business then legally
permissible for bank holding companies and the Company delivers to the Trustee a written statement, which need not comply with Section 102, signed by the officers listed in Section 1009 hereof, stating that the proceeds from such sale,
assignment, transfer or disposition have been so invested within such time period. Such statement shall be delivered to the Trustee within 60 days of the investment of the proceeds. 

 

	SECTION 1008.	Statement as to Compliance. 

 The Company will deliver to the Trustee, within 120
days after the end of each fiscal year, a written statement, which need not comply with Section 102, signed by the chairman of the board of director, the president, a vice chairman or a vice president and by the treasurer, an assistant,
treasurer, the controller or an assistant controller of the Company, stating, as to each signer thereof, that: 

  
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 (1) a review of the activities of the Company during such year and of performance
under this Indenture has been made under his supervision, and 
 (2) to the best of his knowledge, based on such review,
(a) the Company has fulfilled all 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 (b) no event has occurred and is continuing which is, or after notice or lapse of time or both would become, 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. 
  

	SECTION 1009.	Waiver of Certain Covenants. 

 The Company may omit in any particular instance to
comply with any term, provision or condition set forth in Sections 1004 to 1007, inclusive, with respect to the Securities of any series, if, before the time for such compliance, the Holders of at least 50% 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. 
 ARTICLE ELEVEN 

REDEMPTION OF SECURITIES 
  

	SECTION 1101.	Applicability of Article. 

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

	SECTION 1102.	Election to Redeem; Notice to Trustee. 

 The election of the Company to redeem any
Securities shall be evidenced by a Board Resolution. In case of any redemption at the election of the Company of less than all the Securities of any series, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company
(unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the expiration
of any restriction of such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 

  
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	SECTION 1103.	Selection by Trustee of Securities to be Redeemed. 

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

The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Securities selected
for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture, unless the context otherwise
requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed.

  

	SECTION 1104.	Notice of Redemption. 

 Notice of redemption shall be given by first-class mall,
postage prepaid, mailed no less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at his address appearing in the Security Register. All notices of redemption shall state: 

(1) the Redemption Date, 

(2) the Redemption Price, 

(3) if less than all the Outstanding Securities of any series are to be redeemed, the identification (and, in the case of
partial redemption, the respective principal amounts) of the particular Securities to be redeemed, 
 (4) that on the
Redemption Date the Redemption Price will become due and payable upon each such Security, or portion thereof, to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date, 

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

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

Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the Company. 

  
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	SECTION 1105.	Deposit of Redemption Price. 

 Prior to 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, all the Securities 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. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to
the Redemption Date; provided, however, that installments of interest the Stated Maturity of which is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as
such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307. 
 If any
Security called for redemption shall not be so paid upon surrender therefor 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. 

 

	SECTION 1107.	Securities Redeemed in Part. 

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

  
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 ARTICLE TWELVE 

SINKING FUNDS 
  

	SECTION 1201.	Applicability of Article. 

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

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

 

	SECTION 1203.	Redemption of Securities for Sinking Fund. 

 Not less than 60 days prior to each
sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, the
portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 1202 and will also deliver to the Trustee
any Securities to be so delivered. Not less than 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. 

  
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 ARTICLE THIRTEEN 

MEETINGS OF HOLDERS OF SECURITIES 
  

	SECTION 1301.	Purposes for Which Meetings May be Called. 

 A meeting of Holders may be called at
any time and from time to time pursuant to the provisions of this Article for any of the following purposes: 
 (1) to give
any notice to the Company or to the Trustee, or to give any direction to the Trustee, or to waive or consent to the waiving of any Event of Default hereunder and its consequences, or to take any other action authorized to be taken by Holders
pursuant to any of the provisions of Article Five; 
 (2) to remove the Trustee or appoint a successor Trustee, pursuant to
the provisions of Article Six; 
 (3) to consent to the execution of an indenture or indentures supplemental hereto pursuant
to the provisions of Sections 901 and 902; or 
 (4) to take any other action authorized to be taken by or on behalf of the
Holders of any specified aggregate principal amount of the Securities under any other provision of this Indenture or under applicable law. 
  

	SECTION 1302.	Manner of Calling Meetings. 

 The Trustee may at any time call a meeting of
Holders to take any action specified in Section 1301. Notice of every meeting of the Holders, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed by the
Trustee to the company and to the Holders not less than 20 nor more than 60 days prior to the date fixed for the meeting. Any meeting shall be valid without notice if the Holders of all the Outstanding Securities are present in person or by proxy,
or if notice is waived before or after the meeting by the Holders of all of the Outstanding Securities, and if the Company and the Trustee are either present or have, before or after the meeting, waived notice. 

 

	SECTION 1303.	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 not less than 25% in aggregate principal amount of the Outstanding Securities, shall have requested the Trustee to call a meeting of Holders to take any action authorized in
Section 1301 by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed notice of such meeting within 20 days after receipt of such request, then the Company or
such Holders in the amount above specified may determine the time and the place, in Williamsport, Pennsylvania for such meeting and may call such meeting to take any action authorized in Section 1301, by mailing notice thereof as provided in
Section 1302. 

  
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	SECTION 1304.	Who May Attend and Vote at Meetings. 

 To be entitled to vote at any meeting of
Holders a Person shall (a) be a Holder of one or more Securities with respect to which the meeting is being held, or (b) be a Person appointed by an instrument in writing as proxy by such Holder of one or more Securities. The only Persons
who shall be entitled to be present or to speak at any meeting of Holders shall be the Persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its
counsel. 
  

	SECTION 1305.	Regulations May be Made by Trustee. 

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

At any meeting each Holder or proxy shall be entitled to one vote for each $1,000 principal amount of Outstanding Securities held or
represented by him. 
  

	SECTION 1306.	Evidence of Actions by Holders. 

 Whenever the Holders of a specified percentage
in aggregate principal amount of the Securities may take any action, the fact that the Holders of such percentage have acted may be evidenced by (a) instruments of similar tenor executed by Holders in Person or by attorney or written proxy, or
(b) the Holders voting in favor thereof at any meeting of Holders called and held in accordance with the provisions of the rules for meetings, of Holders, or (c) by a combination thereof. The Trustee may require proof of any matter
concerning the execution of any instrument by a Holder or his attorney or proxy as it shall deem necessary. 
  

	SECTION 1307.	Exercise of Rights of Trustee and Holders Not to be Hindered or Delayed. 

 Nothing
in this Article contained shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Holders 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 this Trustee or to the Holders under any of the provisions of this Indenture or of the Securities. 

ARTICLE FOURTEEN 

SUBORDINATION OF SECURITIES 
  

	SECTION 1401.	Securities Subordinate to Senior Indebtedness. 

 The Company covenants and agrees
that anything in this Indenture or the Securities of any series to the contrary notwithstanding, the indebtedness evidenced by the Securities of each 

  
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series is subordinate and junior in right of payment to all Senior Indebtedness to the extent provided herein, and each Holder of Securities of each series, 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, whether at maturity or at a date fixed for prepayment or by declaration of
acceleration or otherwise, then, upon written notice of such default to the Company by the holders of Senior Indebtedness or any trustee therefore, 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 in respect of any redemption,
retirement, purchase or other acquisition of any of the Securities. 
 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, 

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

(d) any other marshalling 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 on account thereof. Any payment or distribution, whether in cash, securities or other property (other than 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, 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), which would otherwise (but for these subordination provisions) be
payable or deliverable in respect of the Securities of any series 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 of any such proceeding, after payment in full of all sums owing with respect to Senior Indebtedness, the Holders of the
Securities, together with the holders of any obligations of the Company ranking on a parity with the Securities, shall be entitled to be paid from the 

  
 - 68 - 

 
remaining assets of the Company the amounts at the time due and owing on account of unpaid principal of (and premium, if any) and interest on the Securities and such other obligations before any
payment or other distribution, whether in cash, property or otherwise, shall be made on account of any capital stock or any obligations of the Company ranking junior to the Securities and such other obligations. 

In the event that, notwithstanding the foregoing, any payment or distribution of any character, whether in cash, securities or other property
(other than 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, 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), or any security shall be received by
the Trustee or any Holder 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 and transferred to, the holders of the Senior
Indebtedness at the time outstanding in accordance with the priorities then existing among such holder 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 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 to such Holders the principal
of (and premium, if any) and interest on such Securities or prevent the Trustee or the Holder from exercising all rights, powers and remedies otherwise permitted by applicable law or hereunder upon an Event of 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. 

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 of each series shall be subrogated to all rights of any holders of Senior Indebtedness to
receive any further payments or distributions applicable to the Senior Indebtedness until the indebtedness evidenced by the Securities of such series shall have been paid in full, and such payments or distributions received by such Holders, 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, 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. 

  
 - 69 - 

 The provisions of this Section 1401 shall not impair any rights, interests, remedies or
powers of any secured creditor of the Company in respect of any security interest the creation of which is not prohibited by the provisions of this Indenture. 

The securing of any obligations of the Company, otherwise ranking on a parity with the Securities or ranking junior to the Securities, shall
not be deemed to prevent such obligations from constituting, respectively, obligations ranking on a parity with the Securities or ranking junior to the Securities. 
  

	SECTION 1402.	Trustee and Holders of Securities May Rely on Certificate of Liquidating Agent; Trustee May Require Further Evidence as to Ownership of Senior Indebtedness; Trustee Not Fiduciary to Holders of Senior
Indebtedness. 

 Upon any payment or distribution of assets of the Company referred to in this Article Fourteen, the
Trustee and the Holders 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 Person making such payment or distribution delivered to the Trustee or to the Holders, for the purpose of 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 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 a holder of Senior Indebtedness (or a trustee or
representative on behalf of such holder) as evidence that such Person is a holder of such 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 of 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 defer 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 1403.	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 1401, from making payments of the principal of (or premium, if any) or interest on the Securities, or (b) the application by the Trustee or any Paying Agent of any moneys deposited with it hereunder to payments of the
principal of (or premium, if any) or interest on the Securities, if, at the time of such deposit, the Trustee or such Paying Agent, as the 

  
 - 70 - 

 
case may be, did not have the written notice provided for in Section 1404 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 Paying Agent (other than the Company), such payment would not have been prohibited by the provisions of this Article, and neither the Trustee nor any Paying Agent shall not be affected by any notice to the contrary
received by it on or after such date. 
  

	SECTION 1404.	Trustee Not Charged With Knowledge of Prohibition. 

 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 money to or by the Trustee
and shall be entitled conclusively to assume that no such facts exist and that no event specified in Section 1401 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 holder 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, however, that, if prior to the third Business Day preceding the date upon which by the terms hereof any
money becomes payable for any purpose (including, without limitation, the payment of either the principal of or interest on any Security), or in the event of the execution of an instrument pursuant to Section 401 acknowledging satisfaction and
discharge of this Indenture, then if prior to the second Business Day preceding the date of such execution, the Trustee or Paying Agent shall not have received with respect to such money the Officers’ Certificate or notice provided for in this
Section 1404, then anything herein contained to the contrary notwithstanding, the Trustee or such Paying Agent shall have full power and authority to receive such money and apply it to the purpose for which it was received and shall not be
affected by the 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 which would prohibit the payment of money to or by the Trustee
and Paying Agent. 
  

	SECTION 1405.	Trustee to Effectuate Subordination. 

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

	SECTION 1406.	Rights of Trustee as Holder of Senior Indebtedness. 

 The Trustee shall be
entitled to all the rights set forth in this Article 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, however, 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 payment to, the Trustee under or pursuant to Section 607. 

  
 - 71 - 

	SECTION 1407.	Article Applicable to Paying Agents. 

 In case at any time any Paying Agent other
than the Trustee shall have been appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall in such case (unless the context 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 in addition to or in place of the Trustee; provided, however, that Sections 1404 and 1406 shall not apply to
the Company or any Affiliate of the Company if the Company or such Affiliate acts as Paying Agent. 
  

	SECTION 1408.	Subordination Rights Not Impaired by Acts or Omissions of the Company or Holders of Senior Indebtedness. 

No right of any present or future holders of any Senior Indebtedness to enforce subordination as herein provided shall at any time in any way
be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms, provisions and covenants in this Indenture,
regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of Senior Indebtedness may, at any time or from time to time and in their absolute discretion, change the manner, place or terms of payment,
change or extend the time of payment of, or renew or alter, any such Senior Indebtedness, or amend or supplement any instrument pursuant to which any such Senior Indebtedness is issued or by, which it may be secured, or release any security
therefor, or exercise or refrain from exercising any other of their rights under the Senior indebtedness, including, without limitation, the waiver of default thereunder, all without notice to or assent from the Holders of the Securities or the
Trustee and without affecting the obligations of the Company, the Trustee or the Holders of the Securities under this Article. 

  
 - 72 - 

 TESTIMONIUM 

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. 
 IN WITNESS WHEREOF, the parties hereto have caused this Indenture
to be duly executed, and their respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
  

									
		 		 	F.N.B. CORPORATION
				
		 		 	By:	 	 /s/ Peter Mortensen

		 		 		 	Title:	 	 Chairman and President

					
	[Seal]	 		 		 		 	
	Attest:	 		 		 		 	
					
	 /s/ illegible
	 		 		 		 	
			
		 		 	NORTHERN CENTRAL BANK
		 		 	as Trustee
				
		 		 	By:	 	 /s/ William E. Fox

		 		 		 	Title:	 	 Vice President

					
	(Seal)	 		 		 		 	
	Attest:	 		 		 		 	
					
	 /s/ illegible
	 		 		 		 	

  
 - 73 - 

											
	STATE OF Pennsylvania	  	)	  		  		  	
		 		  		  	:	  	ss	  	
	COUNTY OF Mercer	  	)	  		  		  	

 On the 13th day of the May, 1992, before me personally came
Peter Mortensen, to me known, who being by me dully sworn, did depose and say that he is Chairman and President of F.N.B. CORPORATION, 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 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. 

 

	
	 /s/ Teresa L. Bartelmay

	Notary Public

  

											
	STATE OF Pennsylvania	  	)	  		  		  	
	  		  	:	  	ss	  	
	COUNTY OF Lycoming	  	)	  		  		  	

 On the 15th day of the May, 1992, before me personally came William E. Fox,
to me known, who being by me dully sworn, did depose and say that he is Vice President of Northern Central Bank, 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 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. 

 

	
	 /s/ JoANN T. WAGNER

	Notary Public

  
 - 74 -EX-4.17

 Exhibit 4.17 

EXECUTION COPY 
 THIRD
SUPPLEMENTAL INDENTURE 
 THIS THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of August 30,
2016 by and among F.N.B. Corporation, a Pennsylvania corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., a national banking association, as Trustee (the “Trustee”). 

WHEREAS, the Company’s predecessor-in-interest, a Pennsylvania corporation also named F.N.B. Corporation, and the Trustee have heretofore
executed and delivered an Indenture, dated as of May 15, 1992 (the “Indenture”), providing for the issuance from time to time by the Company of unsecured debentures, notes or other evidences of indebtedness to be issued in one
or more series as provided in the Indenture; and 
 WHEREAS, the Company was originally incorporated under the laws of the State of Florida
in 2001 as a wholly-owned subsidiary of F.N.B. Corporation, a Pennsylvania corporation, for purposes of effecting the reincorporation of said Pennsylvania corporation to the State of Florida by merging said Pennsylvania corporation with and into the
Company, with the Company being the surviving corporation in the merger; and 
 WHEREAS, effective as of August 30, 2016 (the
“Redomestication Effective Time”), the Company maintained its current legal existence, rights and franchises while changing its state of incorporation from Florida to Pennsylvania (the “Redomestication”) pursuant
Section 371 of the Pennsylvania Entity Transactions Law and Section 607.1112 of the Florida Business Corporation Act and the Plan of Conversion adopted by its board of directors and shareholders, by filing a Certificate of Conversion with
the Secretary of State of the State of Florida (the “FL Certificate of Conversion”) and a Statement of Domestication with the Department of State of the Commonwealth of Pennsylvania (the “PA Statement of
Domestication”); and 
 WHEREAS, from and after the Redomestication Effective Time, the Company became organized under and subject
to the laws of the Commonwealth of Pennsylvania; and as a result of the Redomestication, among other things, the Company as a Pennsylvania corporation constitutes as the same entity with the same legal existence without interruption as the Company
as a Florida corporation, and all of the properties, rights, franchises, liabilities and obligations of the Company as a Florida corporation, including the obligations under the Indenture and the Securities, are continuing as the properties, rights,
liabilities of the Company as a Pennsylvania corporation; 
 WHEREAS, the Company desires, and the Trustee has agreed, to enter into this
Supplemental Indenture to memorialize the Redomestication; 
 WHEREAS, this Supplemental Indenture is being entered into pursuant to the
terms of Section 901(9) of the Indenture and subject to the conditions set forth herein and therein. 
 NOW, THEREFORE, for and in
consideration of the premises stated herein, the Company and the Trustee covenant and agree, for the equal and proportionate benefit of the Holders of the Securities, as follows: 

  
 1 

 ARTICLE I 

DEFINITIONS 
 Section 1.1. Defined
Terms. Capitalized terms used but not defined in this Supplemental Indenture or in the preamble or recitals hereto have the meanings assigned to them in the Indenture. The words “herein,” “hereof” and “hereby” and
other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof. 

ARTICLE 2 
 AFFIRMATION OF
OBLIGATIONS 
 Section 2.1. Affirmation of Obligations. The Company hereby agrees and affirms that (i) all of the obligations and covenants
of the Company existing from time to time under the Indenture and the Securities, including but not limited to the due and punctual payment of the principal of (and premium, if any) and interest on all the Securities and the performance of every
covenant of the Indenture on the part of the Company to be performed or observed, whether arising before or after the Redomestication Effective Time, constitute the obligations and covenants of the Company, continue to be in full force and effect
and are hereby ratified and confirmed in all respects; and (ii) from and after the Redomestication Effective Time, the Company became organized under and subject to the laws of the Commonwealth of Pennsylvania; and as a result of the
Redomestication, among other things, the Company as a Pennsylvania corporation constitutes as the same entity with the same legal existence without interruption as the Company as a Florida corporation, and all of the properties, rights, franchises,
liabilities and obligations of the Company as a Florida corporation, including the obligations under the Indenture and the Securities, are continuing as the properties, rights, liabilities of the Company as a Pennsylvania corporation. 

ARTICLE 3 
 MISCELLANEOUS 

Section 3.1. Trust Indenture Act of 1939. This Supplemental Indenture is subject to the provisions of the Trust Indenture Act that are required to
be part of the Indenture and shall, to the extent applicable, be governed by such provisions. If any provision of this Supplemental Indenture limits, qualifies, or conflicts with a provision of the Trust Indenture Act that is required under such act
to be a part of and govern this Supplemental Indenture, the provision of the Trust Indenture Act shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or
excluded, the provision of the Trust Indenture Act shall be deemed to apply to the Indenture as so modified or to be excluded by this Supplemental Indenture, as the case may be. 

Section 3.2. Indenture Remains in Full Force and Effect. Except as supplemented hereby, all provisions in the Indenture shall remain in full force
and effect. 
 Section 3.3. Governing Law. The laws of the State of Pennsylvania shall govern this Supplemental Indenture. 

Section 3.4. Duplicate Originals. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original,
but all of them together represent the same agreement. 
 Section 3.5. Severability. In case any provision in this Supplemental Indenture 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. 

  
 2 

 Section 3.6. Ratification. The Indenture, as supplemented and amended by this Supplemental Indenture,
is in all respects ratified and confirmed. The Indenture and this Supplemental Indenture shall be read, taken and construed as one and the same instrument. All provisions included in this Supplemental Indenture supersede any conflicting provisions
included in the Indenture unless not permitted by law. The Trustee accepts the trusts created by the Indenture, as supplemented by this Supplemental Indenture, and agrees to perform the same upon the terms and conditions of the Indenture, as
supplemented by this Supplemental Indenture. 
 Section 3.7. Effectiveness. The provisions of this Supplemental Indenture shall become effective
as of the date hereof. 
 Section 3.8. Successors. All agreements of the Company in this Supplemental Indenture shall bind its successors. All
agreements of the Trustee in this Supplemental Indenture shall bind its successors. 
 Section 3.9. Trustee’s Disclaimer. The recitals
contained herein shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this
Supplemental Indenture, the Securities, or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company. 

Section 3.10. Counterparts. This Supplemental Indenture may be executed in any number of counterparts each of which shall be an original,
but such counterparts shall together constitute but one and the same instrument. 
 [Remainder of page intentionally left blank.] 

  
 3 

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

			
	F.N.B. CORPORATION
		
	By:	 	 /s/ Vincent J. Delie, Jr.

			
	Name:	 	Vincent J. Delie, Jr.
	Title:	 	President and Chief Executive Officer
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

 
			
		
	By:	 	 /s/ Teresa Petta

			
	Name:	 	Teresa Petta
	Title:	 	Vice President

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