Document:

EX-4.10

 Exhibit 4.10 

SUPPLEMENTAL INDENTURE No. 3, dated as of December 29, 2008 (this “Supplemental Indenture”), among NAI, Inc., an
Ohio corporation (“NAI”), New Albertson’s, Inc., a Delaware corporation (the “Company”), and U.S. BANK TRUST NATIONAL ASSOCIATION, as trustee (the “Trustee”) under the Indenture (as hereinafter referred to). 

W I T N E S S E T H 

WHEREAS, Albertson’s, Inc., a Delaware corporation (“Albertson’s”) and U.S. Bank Trust National Association, successor as
Trustee, entered into an Indenture, dated as of May 1, 1992 (as supplemented by Supplemental Indenture No. 1, dated as of May 7, 2004 and Supplemental Indenture No. 2, dated as of June 1, 2006, the “Indenture”)
providing for the issuance from time to time of Securities in one or more series, of which Securities were issued and a portion of which are currently Outstanding; 

WHEREAS, pursuant to Supplemental Indenture No. 2, dated as of June 1, 2006, the Company assumed the due and punctual payment of the
principal of and any premium and interest on all the Securities and the performance or observance of every covenant of the Indenture on the part Albertson’s to be performed or observed thereunder; 

WHEREAS, NAI has entered into that Merger Agreement, dated as of December     , 2008, by and among NAI and the
Company (the “Merger Agreement”) pursuant to which, substantially simultaneously with the effectiveness of this Supplemental Indenture, the Company is merging with and into NAI (the “Merger”), the separate existence of the
Company shall cease and NAI shall survive and continue as the continuing company, and, upon effectiveness of the Merger, NAI shall change its name to New Albertson’s, Inc.; 

WHEREAS, as a condition to the Merger, Section 801(1) of the Indenture requires, among other things, that NAI execute and deliver an
indenture supplemental to the Indenture to assume the obligations of the Company under the Indenture and the Securities; 
 WHEREAS, NAI and
the Company desire to enter into a supplemental indenture pursuant to the terms of Sections 801(1) and 901(1) of the Indenture; 
 WHEREAS,
pursuant to Section 901(1) of the Indenture, NAI, the Company and the Trustee may enter into this Supplemental Indenture without the consent of any Holder; 

NOW, THEREFORE, for and in consideration of the premises and other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, it is hereby agreed among the Company, NAI and the Trustee, for the equal and proportionate benefit of the respective Holders from time to time of the Securities, as follows: 

ARTICLE ONE 
 ASSUMPTION
OF PAYMENT, PERFORMANCE AND OBSERVANCE 
 Section 1.01. NAI hereby expressly assumes the due and punctual payment of the principal
of and any premium and interest on all the Securities and the performance or observance of every covenant of the Indenture on the part of the Company to be performed or observed thereunder. 

 ARTICLE TWO 

REPRESENTATIONS AND WARRANTIES 

Section 2.01. NAI represents and warrants that it is a corporation duly organized and validly existing under the laws of the State of
Ohio. 
 Section 2.02. Each of the Company and NAI represents and warrants that it has all requisite power and authority to execute,
deliver and perform its obligations hereunder, under the Indenture and under the Securities, and that the execution, delivery and performance by the Company and NAI of this Supplemental Indenture and the Indenture have been duly authorized by all
necessary corporate or other organizational action. 
 Section 2.03. Each of the Company and NAI represents and warrants that
immediately after giving effect to the Merger, and treating any indebtedness which becomes an obligation of the Company or a Subsidiary as a result of the Merger as having been incurred by the Company or such Subsidiary at the time of the Merger, 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. 

Section 2.04. Each of the Company and NAI represents and warrants that the Merger shall not result in the properties or assets of the
Company or of NAI becoming subject to any mortgage, pledge, lien, security interest or other encumbrance, other than mortgages, pledges, liens, security interests or other encumbrances which could be created pursuant to Section 1008 of the
Indenture without equally and ratably securing the Securities. 
 Section 2.05. The Company represents and warrants that it has
delivered to the trustee an Officers’ Certificate and Opinion of Counsel as required under Section 801(4) of the Indenture. 

ARTICLE THREE 

SUCCESSION AND SUBSTITUTION 

Section 3.01. Upon the consummation of the Merger, Section 802 of the Indenture shall have effect to the extent set forth therein,
subject to such Section. 
 ARTICLE FOUR 

MISCELLANEOUS 

Section 4.01. Capitalized terms used in this Supplemental Indenture that have not otherwise been defined herein shall have the meanings
assigned thereto in the Indenture. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 

 Section 4.02. Except as supplemented hereby, all provisions in the Indenture shall remain in
full force and effect. 
 Section 4.03. This Supplemental Indenture is supplemental to the Indenture, and the Indenture and this
Supplemental Indenture shall henceforth be read and construed together. 
 Section 4.04. If any provision of this Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939 (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, such provision of the TIA
shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA 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 4.05. 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 and this Supplemental Indenture shall be construed as if such invalid, illegal or
unenforceable provision had never been contained herein. 
 Section 4.06. Nothing in this Supplemental Indenture or the Securities,
express or implied, shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the Holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the
Indenture, this Supplemental Indenture or the Securities. 
 Section 4.07. All agreements of NAI in this Supplemental Indenture shall
bind its successors and assigns, whether so expressed or not. 
 Section 4.08. Any request, demand, notice or other communication to
NAI in connection with the Indenture, as supplemented, shall be sufficient for every purpose hereunder if in writing and mailed, first class postage paid, to NAI addressed as follows: 

NAI, Inc. 

    c/o SUPERVALU INC. 

11840 Valley View Road 

Eden Prairie, MN 55344 

Attention: Treasurer 
 or to any
other address hereafter furnished in writing to the Trustee by NAI for such purpose. 
 Section 4.09. This Supplemental Indenture may
be executed in any number of counterparts, each of which shall be an original, but all of which shall together constitute one and the same instrument. 

 Section 4.10. This Supplemental Indenture shall be governed by and construed in accordance
with the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. 

Section 4.11. The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this
Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 

Section 4.12. The recitals and statements herein contained are made by the Company and NAI and not by the Trustee, and the Trustee
assumes no responsibility for the correctness thereof. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 

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

			
	NAI, INC.
		
	By	 	/s/ John Boyd
	Name: John Boyd
	Title: Group Vice President and Treasurer
	
	NEW ALBERTSON’S, INC.
		
	By	 	/s/ John Boyd
	Name: John Boyd
	Title: Group Vice President and Treasurer
	
	U.S. BANK TRUST NATIONAL
	ASSOCIATION, as Trustee
		
	By	 	 
	Name:
	Title:

  
  

[Supplemental Indenture Signature Page] 

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

			
	NAI, INC.
		
	By	 	 
	Name: John Boyd
	Title: Group Vice President and Treasurer
	
	NEW ALBERTSON’S, INC.
		
	By	 	 
	Name: John Boyd
	Title: Group Vice President and Treasurer
	
	U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee
		
	By	 	/s/ Patrick J. Crowley
	Name: Patrick J. Crowley
	Title: Vice President

  
  

[Supplemental Indenture Signature Page] 

  

 
 ALBERTSON’S LLC, 

NEW ALBERTSON’S, INC. 
 AND

 U.S. BANK TRUST NATIONAL ASSOCIATION, 

Trustee 
  

 
 SUPPLEMENTAL
INDENTURE No. 2 
 Dated as of June 1, 2006 
  

 
 DEBT SECURITIES

  
  

Supplement to Indenture Dated as of May 1, 1992. 
  

 
  

 SUPPLEMENTAL INDENTURE No. 2, dated as of June 1, 2006 (this “Supplemental
Indenture”), among New Albertson’s, Inc., a Delaware corporation formerly known as New Aloha Corporation (“New Albertson’s”), Albertson’s LLC, a Delaware limited liability company and formerly a Delaware corporation
known as Albertson’s, Inc. (the “Company”), and U.S. BANK TRUST NATIONAL ASSOCIATION, as trustee (the “Trustee”) under the Indenture (as hereinafter referred to). 

W I T N E S S E T H 

WHEREAS, Albertson’s, Inc., a Delaware corporation (“Albertson’s”) and U.S. Bank Trust National Association, successor as
Trustee, entered into an Indenture, dated as of May 1, 1992 (as supplemented by Supplemental Indenture No. 1, dated as of May 7, 2004, the “Indenture”) providing for the issuance from time to time of Securities in one or
more series, of which Securities were issued and a portion of which are currently Outstanding; 
 WHEREAS, New Albertson’s has entered
into that Purchase and Separation Agreement, dated as of January 22, 2006, by and among Albertson’s, New Albertson’s, SUPERVALU INC., and AB Acquisition LLC, as amended (the “Separation Agreement”); 

WHEREAS, Albertson’s has filed a Certificate of Conversion with the Secretary of State of the State of Delaware, pursuant to which it has
converted from a Delaware corporation into a Delaware limited liability company (the “Conversion”); 
 WHEREAS, as a result of the
Conversion and without need for any further action, the Securities and the Indenture became the continuing obligations of the Company; 

WHEREAS, pursuant to the Separation Agreement the Company shall have transferred certain of its properties and assets to New Albertson’s
(such transfer, the “Separation”); 

 WHEREAS, as a condition to the Separation, Section 801(1) of the Indenture requires, among
other things, that New Albertson’s execute and deliver an indenture supplemental to the Indenture to assume the obligations of the Company under the Indenture and the Securities; 

WHEREAS, New Albertson’s and the Company desire to enter into a supplemental indenture pursuant to the terms of Sections 801(1) and
901(1) of the Indenture; 
 WHEREAS, New Albertson’s and the Company have requested that the Trustee execute and deliver this
Supplemental Indenture pursuant to the terms of Section 901(1) of the Indenture; and. 
 WHEREAS, pursuant to Section 901(1) of
the Indenture, New Albertson’s, the Company and the Trustee may enter into this Supplemental Indenture without the consent of any Holder; 

NOW, THEREFORE, for and in consideration of the premises and other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, it is hereby agreed among the Company, New Albertson’s and the Trustee, for the equal and proportionate benefit of the respective Holders from time to time of the Securities, as follows:

 ARTICLE ONE 

ASSUMPTION OF PAYMENT, PERFORMANCE AND OBSERVANCE 

Section 1.01. New Albertson’s hereby expressly assumes the due and punctual payment of the principal of and any premium and interest
on all the Securities and the performance or observance of every covenant of the Indenture on the part of the Company to be performed or observed thereunder. 

  
 -2- 

 ARTICLE TWO 

REPRESENTATIONS AND WARRANTIES 

Section 2.01. New Albertson’s represents and warrants that it is a corporation duly organized and validly existing under the laws of
the State of Delaware. 
 Section 2.02. Each of the Company and New Albertson’s represents and warrants that the Separation
constitutes the transfer of the Company’s properties and assets substantially as an entirety to New Albertson’s. 

Section 2.03. Each of the Company and New Albertson’s represents and warrants that it has all requisite power and authority to
execute, deliver and perform its obligations hereunder, under the Indenture and under the Securities, and that the execution, delivery and performance by the Company and New Albertson’s of this Supplemental Indenture and the Indenture have been
duly authorized by all necessary corporate or other organizational action. 
 Section 2.04. Each of the Company and New
Albertson’s represents and warrants that immediately after giving effect to the Separation, and treating any indebtedness which becomes an obligation of the Company or a Subsidiary as a result of the Separation as having been incurred by the
Company or such Subsidiary at the time of the Separation, 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. 

Section 2.05. Each of the Company and New Albertson’s represents and warrants that the Separation shall not result in the properties
or assets of the Company or of New Albertson’s becoming subject to any mortgage, pledge, lien, security interest or other encumbrance, other than mortgages, pledges, liens, security interests or other encumbrances which could be created
pursuant to Section 1008 of the Indenture without equally and ratably securing the Securities. 

  
 -3- 

 Section 2.06. The Company represents and warrants that it has delivered to the trustee an
Officers’ Certificate and Opinion of Counsel as required under Section 801(4) of the Indenture. 
 ARTICLE THREE 

SUCCESSION AND SUBSTITUTION 

Section 3.01. Upon the consummation of the Separation, Section 802 of the Indenture shall have effect to the extent set forth
therein, subject to such Section. 
 ARTICLE FOUR 

MISCELLANEOUS 

Section 4.01. Capitalized terms used in this Supplemental Indenture that have not otherwise been defined herein shall have the meanings
assigned thereto in the Indenture. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Securities heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 

Section 4.02. Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect. 

Section 4.03. This Supplemental Indenture is supplemental to the Indenture, and the Indenture and this Supplemental Indenture shall
henceforth be read and construed together. 
 Section 4.04. If any provision of this Supplemental Indenture limits, qualifies or
conflicts with any provision of the Trust Indenture Act of 1939 (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, such provision of the TIA shall control. If any provision of
this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by this Supplemental Indenture, as the
case may be. 

  
 -4- 

 Section 4.05. 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 and this Supplemental Indenture shall be construed as if such invalid, illegal or unenforceable provision
had never been contained herein. 
 Section 4.06. Nothing in this Supplemental Indenture or the Securities, express or implied, shall
give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the Holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental
Indenture or the Securities. 
 Section 4.07. All agreements of New Albertson’s in this Supplemental Indenture shall bind its
successors and assigns, whether so expressed or not. 
 Section 4.08. Any request, demand, notice or other communication to New
Albertson’s in connection with the Indenture, as supplemented, shall be sufficient for every purpose hereunder if in writing and mailed, first class postage paid, to New Albertson’s addressed as follows: 

New Albertson’s, Inc. 

  c/o SUPERVALU INC. 

11840 Valley View Road 

Eden Prairie, MN 55344 

Attention: Treasurer 
 or to any
other address hereafter furnished in writing to the Trustee by New Albertson’s for such purpose. 

  
 -5- 

 Section 4.09. This Supplemental Indenture may be executed in any number of counterparts,
each of which shall be an original, but all of which shall together constitute one and the same instrument. 
 Section 4.10. This
Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another
jurisdiction would be required thereby. 
 Section 4.11. The Indenture, as supplemented by this Supplemental Indenture, is in all
respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 

Section 4.12. The recitals and statements herein contained are made by the Company and New Albertson’s and not by the Trustee, and
the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 

  
 -6- 

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

			
	ALBERTSON’S LLC
		
	By	 	/s/ Paul G. Rowan
	Name: Paul G. Rowan
	Title: Vice President
	
	NEW ALBERTSON’S, INC.
		
	By	 	/s/ Paul G. Rowan
	Name: Paul G. Rowan
	Title: Group Vice President
	
	U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee
		
	By	 	 
	Name: Patrick J. Crowley
	Title: Vice President

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

			
	ALBERTSON’S LLC
		
	By	 	 
	Name: Paul G. Rowan
	Title: Vice President
	
	NEW ALBERTSON’S, INC.
		
	By	 	 
	Name: Paul G. Rowan
	Title: Group Vice President
	
	U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee
		
	By	 	/s/ Patrick J. Crowley
	Name: Patrick J. Crowley
	Title: Vice President

 Exhibit (d)(2) 

EXECUTION COPY 
 ALBERTSON’S,
INC. 
 AND 
 U.S. BANK TRUST
NATIONAL ASSOCIATION, 
 as Trustee 
  

 
 SUPPLEMENTAL
INDENTURE NO. 1 
 Dated as of May 7, 2004 
  

 

 THIS SUPPLEMENTAL INDENTURE No. 1 (this “Supplemental Indenture”), dated as
of May 7, 2004, is between ALBERTSON’S, INC., a Delaware corporation (the “Company”), and U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee (the “Trustee”). 

R E C I T A L S 
 WHEREAS, the
Company has heretofore executed and delivered to the Trustee, as successor trustee an Indenture dated as of May 1, 1992 (the “Base Indenture” and together with this Supplemental Indenture, the “Indenture”),
providing for the issuance from time to time of series of the Company’s Securities (as defined in the Base Indenture); 
 WHEREAS,
Section 901(7) of the Base Indenture provides for the Company and the Trustee to enter into an indenture supplemental to the Base Indenture to establish the form or terms of Securities of any series as permitted by Section 301 of the Base
Indenture; 
 WHEREAS, pursuant to Sections 201 or 301 of the Base Indenture, the Company wishes to provide for the issuance of a new series
of Securities to be known as its 3.75% Senior Notes due February 16, 2009 (the “Senior Notes”), the form and terms of such Senior Notes and the terms, provisions and conditions thereof to be set forth as provided in this
Supplemental Indenture; 
 WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture and all
requirements necessary to make this Supplemental Indenture a valid, binding and enforceable instrument in accordance with its terms, and to make the Senior Notes, when executed by the Company and authenticated and delivered by the Trustee, the
valid, binding and enforceable obligations of the Company, have been done and performed, and the execution and delivery of this Supplemental Indenture has been duly authorized in all respects. 

NOW, THEREFORE, in consideration of the covenants and agreements set forth herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01. Relation to Base Indenture. This Supplemental Indenture constitutes an integral part of the Base Indenture. 

Section 1.02. Definition Of Terms. For all purposes of this Supplemental Indenture: 

(a) Capitalized terms used herein without definition shall have the meanings specified in the Base Indenture, or, if not
defined in the Base Indenture, in the Purchase Contract Agreement, the Pledge Agreement or the Remarketing Agreement, as applicable; 

(b) a term defined anywhere in this Supplemental Indenture has the same meaning throughout; 

 (c) the singular includes the plural and vice versa; 

(d) headings are for convenience of reference only and do not affect interpretation; 

(e) the following terms have the meanings given to them in this Article 1: 

“Accounting Event” means the receipt by the audit committee of the board of directors of the Company of a written report in
accordance with Statement on Auditing Standards (“SAS”) No. 97, “Amendment to SAS No. 50 – Reports on the Application of Accounting Principles”, from the Company’s independent auditors, provided at the
request of the management of the Company, to the effect that, as a result of a change in accounting rules after the date hereof, the Company must either (i) account for all or any portion of the Purchase Contracts as derivatives under SFAS 133
(or otherwise mark-to-market or measure at fair value all or any portion of the Purchase Contracts, with changes appearing in the Company’s income statement) or (ii) account for the Units using the if-converted method under SFAS 128, and
that such accounting treatment will cease to apply upon redemption of the Senior Notes. 
 “Applicable Principal Amount”
means the aggregate principal amount of the Senior Notes that are part of Corporate Units on the Special Event Redemption Date. 

“Business Day” shall have the meaning specified in the Purchase Contract Agreement. 

“Corporate Units” shall have the meaning specified in the Purchase Contract Agreement. 

“Coupon Rate” shall have the meaning set forth in Section 2.05(a). 

“Depositary” means a clearing agency registered under Section 17A of the Securities Exchange Act of 1934, as amended,
that is designated to act as Depositary for the Corporate Units pursuant to the Purchase Contract Agreement. 
 “Depositary
Participant” means a broker, dealer, bank, other financial institution or other Person for whom from time to time the Depositary effects book entry transfers and pledges of securities deposited with the Depositary. 

“Final Remarketing Price” shall have the meaning set forth in Section 8.02(b). 

“Global Senior Notes” shall have the meaning set forth in Section 2.04. 

“Interest Payment Date” shall have the meaning set forth in Section 2.05(b). 

“Maturity Date” shall have the meaning specified in Section 2.02. 

“Pledge Agreement” means the Pledge Agreement, dated as of the date hereof among the Company, U.S. Bank Trust National
Association, as Collateral Agent, Custodial Agent and Securities Intermediary, and U.S. Bank Trust National Association, as Purchase Contract Agent and attorney-in-fact for the Holders of the Purchase Contracts, as amended from time to time. 

  
 3 

 “Purchase Contract Agreement” means the Purchase Contract Agreement, dated as of
the date hereof, between the Company and U.S. Bank Trust National Association, as purchase contract agent, as amended from time to time. 

“Purchase Contracts” and “Purchase Contract” shall have their respective meanings specified in the Purchase
Contract Agreement. 
 “Purchase Contract Settlement Date” means May 16, 2007. 

“Put Price” shall have the meaning set forth in Section 8.05(a). 

“Put Right” shall have the meaning set forth in Section 8.05(a). 

“Quotation Agent” means any primary U.S. government securities dealer selected by the Company. 

“Record Date” means, with respect to any Interest Payment Date for the Senior Notes, the first Business Day of the calendar
month in which such Interest Payment Date falls; provided that the Company may, at its option, select any other day as the Record Date for any Interest Payment Date so long as such Record Date selected is more than one Business Day but less
than 60 Business Days prior to such Interest Payment Date. 
 “Redemption Amount” means, for each Senior Note, the product
of the principal amount of such Senior Note and a fraction, the numerator of which is the Treasury Portfolio Purchase Price and the denominator of which is the Applicable Principal Amount. 

“Redemption Price” means, for each Senior Note, the Redemption Amount plus any accrued and unpaid interest on such Senior
Note to but excluding the Special Event Redemption Date. 
 “Remarketed Senior Notes” shall have the meaning set forth in
Section 8.01 (c). 
 “Remarketing Agent” shall have the meaning set forth in the Remarketing Agreement. 

“Remarketing Agreement” means the Remarketing Agreement, dated as of the date hereof, among the Company, Banc of America
Securities LLC and U.S. Bank Trust National Association, as Purchase Contract Agent, as amended from time to time. 
 “Remarketing
Price” shall have the meaning set forth in Section 8.02(a). 
 “Reset Effective Date” means the date three
Business Days following the date of a Successful Remarketing pursuant to which the Coupon Rate is reset to a Reset Rate. 
 “Reset
Rate” means the interest rate per annum on the Senior Notes (i) in the case of a Successful Remarketing prior to the Final Remarketing Date, as determined by the Remarketing Agent as necessary to remarket the Remarketed Senior Notes at
a price per Remarketed Senior Note such that the aggregate price for the Remarketed Senior Notes is equal to approximately 100.25% (but not less than 100%) of the sum of the Treasury Portfolio Purchase Price and the

  
 4 

 
Separate Senior Notes Purchase Price, and (ii) in the case of a Successful Remarketing on the Final Remarketing Date, as the rate necessary to remarket the Remarketed Senior Notes at a price
per Remarketed Senior Note such that the aggregate price for the Remarketed Senior Notes is equal to approximately 100.25% (but not less than 100%) of the aggregate principal amount of the Remarketed Senior Notes; provided that if there are
no Corporate Units outstanding and none of the Holders elect to have Separate Senior Notes held by them remarketed, or in the case of a Failed Remarketing, the interest rate payable on the Senior Notes will not be reset and the interest rate payable
on the Senior Notes shall continue to be the Coupon Rate. 
 “Separate Senior Notes” means Senior Notes that are no longer
a component of Corporate Units. 
 “Special Event” shall mean either a Tax Event or an Accounting Event. 

“Special Event Redemption” means the redemption of the Senior Notes pursuant to the terms hereof following the occurrence of
a Special Event. 
 “Special Event Redemption Date” shall have the meaning set forth in Section 3.01. 

“Tax Event” means the receipt by the Company of an opinion of counsel, rendered by a law firm having a recognized national
tax practice, to the effect that, as a result of any amendment to, change in or announced proposed change in the laws (or any regulations thereunder) of the United States or any political subdivision or taxing authority thereof or therein, or as a
result of any official administrative decision, pronouncement, judicial decision or action interpreting or applying such laws or regulations, which amendment or change is effective or which proposed change, pronouncement, action or decision is
announced on or after the date hereof, there is more than an insubstantial increase in the risk that interest payable by the Company on the Senior Notes is not, or within 90 days of the date of such opinion, will not be, deductible by the Company,
in whole or in part, for United States federal income tax purposes. 
 “Treasury Portfolio” means a portfolio of
(1) U.S. treasury securities (or principal or interest strips thereof) that mature on or prior to May 15, 2007 in an aggregate amount at maturity equal to the Applicable Principal Amount, and (2) (x) in the case of a Successful
Remarketing prior to the Final Remarketing Date, for the scheduled Interest Payment Date on the Purchase Contract Settlement Date, U.S. treasury securities (or principal or interest strips thereof) that mature on or prior to May 15, 2007 in an
aggregate amount at maturity equal to the aggregate interest payment (assuming no reset of the interest rate) that would have been due on the Purchase Contract Settlement Date on the Applicable Principal Amount, and (y) in the case of a Special
Event Redemption, for each scheduled Interest Payment Date that occurs after the Special Event Redemption Date to and including the Purchase Contract Settlement Date, U.S. treasury securities (or principal or interest strips thereof) that mature on
or prior to the business day immediately preceding such scheduled Interest Payment Date in an aggregate amount equal to the aggregate interest payment (assuming no reset of the interest rate) that would have been due on such scheduled Interest
Payment Date on the Applicable Principal Amount. 
 “Treasury Portfolio Purchase Price” means the lowest aggregate ask-side
price quoted by a Primary Treasury Dealer to the Quotation Agent between 9:00 a.m. and 11:00 a.m., 

  
 5 

 
New York City time, (i) in the case of a Special Event Redemption, on the third Business Day immediately preceding the Special Event Redemption Date for the purchase of the applicable
Treasury Portfolio for settlement on the Special Event Redemption Date, and (ii) in the case of a Successful Remarketing prior to the Final Remarketing Date, on the date of such Successful Remarketing for the purchase of the applicable Treasury
Portfolio for settlement on the third Business Day immediately following the date of such Successful Remarketing. 
 “Treasury
Units” shall have the meaning specified in the Purchase Contract Agreement. 
 “Units” means either the Corporate
Units or the Treasury Units or both the Corporate Units and Treasury Units. 
 The terms “Company,” “Trustee,”
“Indenture,” “Base Indenture” and “Senior Notes” shall have the respective meanings set forth in the recitals to this Supplemental Indenture and the paragraph preceding such recitals. 

ARTICLE 2 
 GENERAL
TERMS AND CONDITIONS OF THE SENIOR NOTES 

Section 2.01. Designation and Principal Amount. There is hereby authorized a series of Securities designated as 3.75% Senior Notes
due 2009 limited in aggregate principal amount $1,000,000,000 (or up to $1,150,000,000 to the extent that the over-allotment option granted to the Underwriters pursuant to the Underwriting Agreement is exercised). The Senior Notes may be issued from
time to time upon written order of the Company for the authentication and delivery of Senior Notes pursuant to Section 303 of the Base Indenture. 

Section 2.02. Maturity. Unless a Special Event Redemption occurs prior to the Maturity Date (defined below), or as provided in
Section 8.02, the date upon which the Senior Notes shall become due and payable at final maturity, together with any accrued and unpaid interest, is February 16, 2009 (the “Maturity Date”). 

Section 2.03. Form, Payment and Appointment. Except as provided in Section 2.04, the Senior Notes shall be issued in fully
registered, certificated form, bearing identical terms. Principal of and interest on the Senior Notes will be payable, the transfer of such Senior Notes will be registrable, and such Senior Notes will be exchangeable for Senior Notes of a like
aggregate principal amount bearing identical terms and provisions, at the office or agency of the Company maintained for such purpose in the Borough of Manhattan, the City of New York, which shall initially be the Corporate Trust Office of the
Trustee; provided, however, that payment of interest may be made at the option of the Company by check mailed to the Holder at such address as shall appear in the Security Register or by wire transfer to an account appropriately designated by
the Holder entitled to payment. 
 No service charge shall be made for any registration of transfer or exchange of the Senior Notes, but the
Company may require payment from the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 

The Security Registrar and Paying Agent for the Senior Notes shall initially be the Trustee. 

  
 6 

 The Senior Notes shall be issuable in denominations of $1,000 and integral multiples thereof,
except that an interest in a Senior Note held as a part of a Corporate Unit represents an ownership interest of 1/40th, or 2.5%, of a Senior Note and will therefore correspond to the stated amount
of $25 per Corporate Unit. 
 Section 2.04. Global Senior Notes. Senior Notes that are no longer a component of the Corporate
Units and are released from the Collateral Account (as defined in the Pledge Agreement) will be issued in permanent global form (a “Global Senior Note”), and if issued as one or more Global Senior Notes, the Depositary shall be The
Depository Trust Company or such other depositary as any officer of the Company may from time to time designate. Upon the creation of Treasury Units or the recreation of Corporate Units, an appropriate annotation shall be made on the Schedule of
Increases and Decreases on the Global Senior Notes held by the Depositary. Unless and until such Global Senior Note is exchanged for Senior Notes in certificated form, Global Senior Notes may be transferred, in whole but not in part, and any
payments on the Senior Notes shall be made, only to the Depositary or a nominee of the Depositary, or to a successor Depositary selected or approved by the Company or to a nominee of such successor Depositary. 

Section 2.05. Interest. (a) The Senior Notes will bear interest initially at the rate of 3.75% per year (the
“Coupon Rate”) from the original date of issuance through and including the earlier of (i) the Maturity Date and (ii) the day immediately preceding any Reset Effective Date. In the event of a Successful Remarketing of
the Senior Notes, the Coupon Rate will be reset by the Remarketing Agent at the appropriate Reset Rate with effect from the related Reset Effective Date, as set forth under Section 8.03. If the Coupon Rate is so reset, the Senior Notes will
bear interest at the Reset Rate from the related Reset Effective Date until the principal thereof and interest thereon is paid or duly made available for payment and shall bear interest, to the extent permitted by law, compounded quarterly, on any
overdue principal and payment of interest at the Coupon Rate through and including the day immediately preceding the Reset Effective Date and at the Reset Rate thereafter. 

(b) Interest on the Senior Notes shall be payable quarterly in arrears on February 16, May 16, August 16 and
November 16 of each year (each, an “Interest Payment Date”), commencing August 16, 2004, to the Person in whose name such Senior Note, or any predecessor Senior Note, is registered at the close of business on the Record
Date for such Interest Payment Date. Interest on the Senior Notes shall accrue from May 7, 2004. 
 In the event of a Successful
Remarketing of the Senior Notes, the Interest Payment Dates may be redetermined and Senior Notes will bear interest at the appropriate Reset Rate from the related Reset Effective Date payable semi-annually instead of quarterly. 

(c) The amount of interest payable for any full quarterly or semi-annual period, as the case may be, will be computed on the basis of a
360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full quarterly or semi-annual period, as the case may be, for which interest is computed will be computed on the basis of a 30-day month
and, for any period less than a month, on the basis of the actual number of days elapsed per 30-day month. In the event that any scheduled Interest Payment Date falls on a day that is not a Business Day, then payment of interest payable on such
Interest Payment Date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay), except that, if such Business Day is in the next calendar year, then such payment will be
made on the preceding Business Day. 

  
 7 

 Section 2.06. No Defeasance. The provisions of Article 13 of the Base Indenture shall
not apply to the Senior Notes. 
 Section 2.07. No Sinking Fund. The provisions of Article 12 of the Base Indenture shall not
apply to the Senior Notes and the Senior Notes are not entitled to the benefit of any sinking fund. 
 ARTICLE 3 

REDEMPTION OF THE SENIOR NOTES 

Section 3.01. Special Event Redemption. If a Special Event shall occur and be continuing, the Company may, at its option, redeem
the Senior Notes in whole, but not in part, on any Interest Payment Date prior to the earlier of the date of a Successful Remarketing or the Purchase Contract Settlement Date, at a price per Senior Note equal to the Redemption Price, payable on the
date of redemption (the “Special Event Redemption Date”) to the Holders of the Senior Notes registered at the close of business on the Record Date for such Interest Payment Date. If the Company so elects to redeem the Senior Notes,
the Company shall appoint the Quotation Agent to assist the Company in determining the Treasury Portfolio Purchase Price. Notice of any Special Event Redemption will be mailed by the Company (with a copy to the Trustee) at least 30 days but not more
than 60 days before the Special Event Redemption Date to each registered Holder of the Senior Notes at its registered address. In addition, the Company shall notify the Collateral Agent in writing that a Special Event has occurred and that the
Company intends to redeem the Senior Notes on the Special Event Redemption Date. Unless the Company defaults in the payment of the Redemption Price, on and after the Special Event Redemption Date, (a) interest shall cease to accrue on the
Senior Notes, (b) the Senior Notes shall become due and payable at the Redemption Price, and (c) the Senior Notes shall be void and all rights of the Holders in respect of the Senior Notes shall terminate and lapse (other than the right to
receive the Redemption Price upon surrender of such Senior Notes but without interest on such Redemption Price). Following the notice of a Special Event Redemption, neither the Company nor the Trustee shall be required to register the transfer of or
exchange the Senior Notes to be redeemed. 
 Except as set forth in this Section 3.01, the Senior Notes shall not be redeemable by the
Company prior to the Maturity Date. The provisions of this Article 3 shall supersede any conflicting provisions contained in Article 11 of the Base Indenture. 

Section 3.02. Redemption Procedures. On or prior to 10:00 a.m. New York City time on the Special Event Redemption Date, the
Company shall deposit with the Trustee immediately available funds in an amount sufficient to pay, on the Special Event Redemption Date, the aggregate Redemption Price for all outstanding Senior Notes. In exchange for any Senior Notes surrendered
for redemption on or after the Special Event Redemption Date, the 

  
 8 

 
Trustee shall pay an amount equal to the Redemption Price (a) to the Collateral Agent, in the case of Senior Notes that are included in Corporate Units, which amount shall be applied by the
Collateral Agent in accordance with the terms of the Pledge Agreement, and (b) to the holders of the Separate Senior Notes, in the case of Separate Senior Notes. 

ARTICLE 4 
 FORM
OF SENIOR NOTE 
 Section 4.01. Form of Senior Note. The Senior Notes and the
Trustee’s Certificate of Authentication to be endorsed thereon are to be substantially in the forms attached as Exhibit A hereto, with such changes therein as the officers of the Company executing the Senior Notes (by manual or facsimile
signature) may approve, such approval to be conclusively evidenced by their execution thereof. 
 ARTICLE 5 

ORIGINAL ISSUE OF SENIOR NOTES 

Section 5.01. Original Issue of Senior Notes. Senior Notes in the aggregate principal amount of $1,000,000,000 (or up to
$1,150,000,000 to the extent that the over-allotment option granted to the Underwriters pursuant to the Underwriting Agreement is exercised) may from time to time, upon execution of this Supplemental Indenture, be executed by the Company and
delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Senior Notes to or upon the written order of the Company pursuant to Section 303 of the Base Indenture without any further action by the
Company (other than as required by the Base Indenture). 
 ARTICLE 6 

ORIGINAL ISSUE DISCOUNT 

Section 6.01. Original Issue Discount. The Company shall file with the Trustee promptly at the end of each calendar year
(i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Senior Notes that are Outstanding as of the end of the year and (ii) such other specific information relating to
such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 
 ARTICLE 7 

MISCELLANEOUS 

Section 7.01. Ratification of Indenture. The Indenture, as supplemented by this Supplemental Indenture, is in all respects
ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 

Section 7.02. Trustee not Responsible for Recitals. The recitals herein contained are made by the Company and not by the Trustee,
and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 

  
 9 

 Section 7.03. New York Law to Govern. THIS SUPPLEMENTAL INDENTURE AND EACH SENIOR
NOTE SHALL BE DEEMED TO BE CONTRACTS MADE UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

Section 7.04. Separability. In case any one or more of the provisions contained in this Supplemental Indenture or in the Senior
Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, then, to the extent permitted by law, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture or
of the Senior Notes, but this Supplemental Indenture and the Senior Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

Section 7.05. 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. 
 ARTICLE 8 

REMARKETING 

Section 8.01. Remarketing Procedures. (a) Unless a Special Event Redemption or a Successful Remarketing has occurred prior to
the applicable Remarketing Date, the Company shall engage the Remarketing Agent pursuant to the Remarketing Agreement for the Remarketing of the Senior Notes, The Company will request, not later than seven nor more than 15 calendar days prior to the
applicable Remarketing Date, that the Depositary or its nominee notify the Beneficial Owners or Depositary Participants holding Separate Senior Notes, Corporate Units and Treasury Units of the procedures to be followed in the applicable Remarketing.

 (b) Each Holder of Separate Senior Notes may elect to have Separate Senior Notes held by such Holder remarketed in any Remarketing. A
Holder making such an election must, pursuant to the Pledge Agreement, notify the Custodial Agent and deliver such Separate Senior Notes to the Custodial Agent on or prior to 5:00 p.m. (New York City time) on or prior to the fifth Business Day
immediately preceding the applicable Remarketing Date (but no earlier than the Interest Payment Date immediately preceding the applicable Remarketing Date). Any such notice and delivery may not be conditioned upon the level at which the Reset Rate
is established in the Remarketing. Any such notice and delivery may be withdrawn on or prior to 5:00 p.m. (New York City time) on the fifth Business Day immediately preceding the applicable Remarketing Date in accordance with the provisions set
forth in the Pledge Agreement. Any such notice and delivery not withdrawn by such time will be irrevocable with respect to such Remarketing. Pursuant to Section 5.07(c) of the Pledge Agreement, promptly after 11:00 a.m., New York City time, on
the Business Day immediately preceding the applicable Remarketing Date, the Custodial Agent, based on the notices and deliveries received by it prior to such time, shall notify the Remarketing Agent of the principal amount of Separate Senior Notes
to be tendered for remarketing and shall cause such Separate Senior Notes to be presented to the Remarketing Agent. Under Section 5.02 of the Purchase Contract Agreement, Senior Notes that are components of Corporate Units will be deemed
tendered for Remarketing and will be remarketed in accordance with the terms of the Remarketing Agreement. 

  
 10 

 (c) The right of each Holder of Senior Notes that are included in Corporate Units to have such
Senior Notes, and each Holder of Separate Senior Notes to have any Separate Senior Notes (together, the “Remarketed Senior Notes”), remarketed and sold on any Remarketing Date shall be limited to the extent that (i) the
Remarketing Agent conducts a Remarketing pursuant to the terms of the Remarketing Agreement, (ii) a Special Event Redemption has not occurred prior to such Remarketing Date, (iii) the Remarketing Agent is able to find a purchaser or
purchasers for Remarketed Senior Notes at the Remarketing Price or the Final Remarketing Price, as the case may be, and (iv) the purchaser or purchasers deliver the purchase price therefor to the Remarketing Agent as and when required. 

(d) Neither the Trustee, the Company nor the Remarketing Agent shall be obligated in any case to provide funds to make payment upon tender of
Senior Notes for remarketing. 
 Section 8.02. Remarketing. (a) Unless a Special Event Redemption has occurred prior to the
Initial Remarketing Date, on the Initial Remarketing Date, the Remarketing Agent shall, pursuant and subject to the terms of the Remarketing Agreement, use commercially reasonable efforts to remarket the Remarketed Senior Notes at a price (the
“Remarketing Price”) equal to approximately 100.25% (but in no event less than 100%) of the sum of the Treasury Portfolio Purchase Price and the Separate Senior Note Purchase Price. 

(b) In the case of a Failed Initial Remarketing and unless a Special Event Redemption has occurred prior to the Final Remarketing Date, on the
Final Remarketing Date, the Remarketing Agent shall use commercially reasonable efforts to remarket the Remarketed Senior Notes at a price (the “Final Remarketing Price”) equal to approximately 100.25% of the aggregate principal
amount of the Remarketed Senior Notes. It is understood and agreed that Remarketing on any Remarketing Date will be considered successful and no further attempts will be made if the resulting proceeds are at least 100% of the sum of the Treasury
Portfolio Purchase Price and the Separate Senior Note Purchase Price, and 100% of the aggregate principal amount of the Remarketed Senior Notes in the case of the Final Remarketing. 

Section 8.03. Reset Rate and Extended Maturity Date. (a) In connection with each Remarketing, the Remarketing Agent shall
determine, in consultation with the Company, the Reset Rate (rounded to the nearest one-thousandth (0.001) of one percent per annum) that the Remarketed Senior Notes should bear in order to have an aggregate market value equal to the Remarketing
Price or the Final Remarketing Price, as the case may be, and that in the sole discretion of the Remarketing Agent will enable it to remarket all of the Remarketed Senior Notes at the Remarketing Price or Final Remarketing Price, as the case may be,
in such Remarketing. 
 (b) Anything herein to the contrary notwithstanding, the Remarketing Agent shall have no obligation to determine
whether there is any limitation under applicable law on the Reset Rate or, if there is any such limitation, the maximum permissible Reset Rate on the Senior Notes and shall rely solely upon written notice from the Company (which the Company agrees
to provide prior to the eighth Business Day before the Initial Remarketing Date) as to whether or not there is any such limitation in any applicable jurisdiction. 

  
 11 

 (c) In connection with a Remarketing, the Remarketing Agent, in consultation with the Company,
may extend the Maturity Date to a date selected by the Company that is two or three years from the date on which the Reset Rate is set. Such extended maturity date (the “Extended Maturity Date”), if any, will be specified in the
remarketing announcement and will become effective on the date on which the Reset Rate is set. 
 (d) In connection with a Remarketing, the
Company may also elect to add any additional financial covenants as the Company may determine. Such an election would take effect upon a Successful Remarketing, on the Purchase Contract Settlement Date. In addition, as provided in
Section 2.05(b) herein, upon a Successful Remarketing, the Interest Payment Dates may be redetermined to provide for payment of interest semi-annually instead of quarterly. 

(e) In the event of a Failed Remarketing or if no Senior Notes are included in Corporate Units and none of the holders of the Separate Senior
Notes elect to have their Senior Notes remarketed in any Remarketing, the applicable interest rate on the Senior Notes will not be reset and will continue to be the Coupon Rate and the Maturity Date will not be extended. 

(f) In the event of a Successful Remarketing, the Coupon Rate shall be reset at the Reset Rate as determined by the Remarketing Agent under
the Remarketing Agreement and the Maturity Date will be extended to the Extended Maturity Date. 
 Section 8.04. Failed
Remarketing. (a) If, by 4:00 p.m. (New York City time) on any Remarketing Date, the Remarketing Agent is unable to remarket all of the Remarketed Senior Notes at the Remarketing Price or the Final Remarketing Price, as the case may be,
pursuant to the terms and conditions hereof, a Failed Remarketing shall be deemed to have occurred, and the Remarketing Agent shall so advise by telephone the Depositary, the Purchase Contract Agent and the Company. Whether or not there has been a
Failed Remarketing will be determined in the sole reasonable discretion of the Remarketing Agent. Promptly following any Failed Remarketing, the Remarketing Agent shall return Separate Senior Notes submitted for remarketing, if any, to the Custodial
Agent for distribution to the appropriate Holders. 
 (b) The Company shall cause a notice of such Failed Remarketing to be published in a
daily newspaper in the English language of general circulation in the City of New York, which is expected to be The Watt Street Journal. 

Section 8.05. Put Right. (a) Subject to paragraph (b) hereof, if there has not been a Successful Remarketing prior to
the Purchase Contract Settlement Date, Holders of Separate Senior Notes and Holders of Senior Notes that are a component of Corporate Units will, subject to this Section 8.05, have the right (the “Put Right”) to require the
Company to purchase their Senior Notes, on the Purchase Contract Settlement Date, at a price per Senior Note equal to $1,000.00, plus accrued and unpaid interest to but excluding the Purchase Contract Settlement Date (the “Put
Price”). 

  
 12 

 (b) The Put Right of Holders of Senior Notes that are part of Corporate Units will be
automatically exercised unless such Holders (1) prior to 11:00 a.m., New York City time, on the second Business Day immediately preceding the Purchase Contract Settlement Date, provide written notice to the Purchase Contract Agent of their
intention to settle the related Purchase Contract with separate cash, and (2) on or prior to 5:00 p.m., New York City time, on the Business Day immediately preceding the Purchase Contract Settlement Date, deliver to the Collateral Agent $25 in
cash per Purchase Contract, in each case pursuant to the Purchase Contract Agreement and such Holders shall be deemed to have elected to pay the Purchase Price for the shares of Common Stock to be issued under the related Purchase Contract from a
portion of the Proceeds of the Put Right of such Senior Notes equal to the Purchase Price in full satisfaction of such Holders’ obligations under the Purchase Contracts, and any remaining amount of the Put Price following satisfaction of the
related Purchase Contract will be paid to such Holder. 
 (c) The Put Right of a Holder of a Separate Senior Note shall only be exercisable
upon delivery of a notice to the Trustee by such Holder on or prior to the second Business Day prior to the Purchase Contract Settlement Date. On or prior to the Purchase Contract Settlement Date, the Company shall deposit with the Trustee
immediately available funds in an amount sufficient to pay, on the Purchase Contract Settlement Date, the aggregate Put Price of all Separate Senior Notes with respect to which a Holder has exercised a Put Right. In exchange for any Separate Senior
Notes surrendered pursuant to the Put Right, the Trustee shall then distribute such amount to the Holders of such Separate Senior Notes. 

Section 8.06. Additional Event of Default. In addition to the events listed as Events of Default in Section 501 of the Base
Indenture, it shall be an additional Event of Default with respect to the Senior Notes, if the Company shall not have satisfied its obligation to pay the Put Price when due with respect to any Separate Senior Note following exercise of the Put Right
in accordance with Section 8.05. 
 ARTICLE 9 

TAX TREATMENT 

Section 9.01. Tax Treatment. The Company agrees, and by acceptance of a Corporate Unit, each holder of a Corporate Unit will be
deemed to have agreed (1) for United States federal, state and local income and franchise tax purposes to treat the acquisition of a Corporate Unit as the acquisition of the Senior Note and the Purchase Contract constituting the Corporate Unit
and (2) to treat the Senior Note as indebtedness for United States federal, state and local income and franchise tax purposes. A Holder of Senior Notes may obtain the comparable yield and projected payment schedule for the Senior Notes,
determined by the Company pursuant to Treas. Reg. Sec. 1.1275-4, by submitting a written request for such information to the Company at the following address: Albertson’s, Inc., 250 Parkcenter Boulevard, P.O. Box 20, Boise, Idaho 83726,
Attention: Treasurer. 

  
 13 

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

			
	ALBERTSON’S, INC.
		
	By:	 	/s/ John Boyd
	Name:	 	John Boyd
	Title:	 	Group Vice President and Treasurer

  

			
	Attest:
	
	 /s/ Julie Backe
 Name: Julie
Backe
 Title:    Assistant Secretary

 

			
	U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee
		
	By:	 	
	Name:	 	
	Title:	 	

 First Supplemental Indenture 

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

			
	ALBERTSON’S, INC.
		
	By:	 	
	Name:	 	
	Title:	 	

  

			
	Attest:	 	
		
	Name:	 	
	Title:	 	

  

			
	U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee
		
	By:	 	/s/ Patrick J. Crowley
	Name:	 	PATRICK J. CROWLEY
	Title:	 	Vice President

 EXHIBIT A 

[IF THIS SENIOR NOTE IS TO BE A GLOBAL SECURITY, INSERT:] THIS SENIOR NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY OR A NOMINEE OF THE DEPOSITORY TRUST COMPANY. THIS SENIOR NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY TRUST COMPANY OR ITS NOMINEE
ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY TO A NOMINEE OF THE DEPOSITORY TRUST COMPANY OR BY A NOMINEE OF THE DEPOSITORY TRUST COMPANY TO THE DEPOSITORY
TRUST COMPANY OR ANOTHER NOMINEE OF THE DEPOSITORY TRUST COMPANY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

No.        _ 

CUSIP No.013104 40 1 
 $500,000,000 

ALBERTSON’S, INC. 
 SENIOR
NOTE 
 DUE 2009 
 ALBERTSON’S, INC., a
corporation organized and existing under the laws of Delaware (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 up to FIVE HUNDRED MILLION Dollars ($500,000,000), as set forth in the Schedule of Increases or
Decreases In Senior Note attached hereto, on February 16, 2009 (such date is hereinafter referred to as the “Maturity Date”), and to pay interest thereon from August 16, 2004 or from the most recent Interest Payment Date
to which interest has been paid or duly provided for, quarterly in arrears on February 16, May 16, August 16 and November 16 of each year, commencing August 16, 2004, at the rate of 3.75% per annum through and
including the day immediately preceding the Reset Effective Date, if any, 

  
 A-2 

 
and thereafter semi-annually at the Reset Rate, if any, on the basis of a 360-day year consisting of twelve 30-day months, until the principal hereof is paid or duly provided for or made
available for payment, and (to the extent that the payment of such interest shall be legally enforceable) to pay interest, compounded quarterly, at the rate of 3.75% per annum on any overdue principal and payment of interest through and
including the day immediately preceding the Reset Effective Date, if any, and thereafter at the Reset Rate and on semi-annual Interest Payment Dates, if any. The amount of interest payable for any period shorter than a full quarterly period or,
following a Successful Remarketing, semi-annual period as applicable, for which interest is computed will be computed on the basis of a 30-day month and, for any period less than a month, on the basis of the actual number of days elapsed per 30-day
month. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Senior Note (or one or more Predecessor Senior Notes) is registered
at the close of business on the Record Date for such Interest Payment Date. 
 Payment of the principal of and interest on this Senior Note will be made at
the office or agency of the Company maintained for that purpose in the Borough of Manhattan, the City of New York, which shall initially be the Corporate Trust Office of the Trustee, in such coin or currency of the United States of America as at the
time of payment is legal tender for payment of public and private debts; provided, however, that payment of interest may be made at the option of the Company by check mailed to the Holder at such address as shall appear in the Security
Register or by wire transfer to an account appropriately designated by the Holder entitled to payment. 
 Reference is hereby made to the further provisions
of this Senior Note 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 by manual signature, this Senior Note shall
not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-3 

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

Dated: 
  

			
	ALBERTSON’S, INC.
		
	By:	 	
	Name:	 	
	Title:	 	

  

			
	[SEAL]
		
	Name:	 	
	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Senior Notes referred to in the within mentioned Indenture. 

Dated:                         
                                      

 

			
	U.S. BANK TRUST NATIONAL ASSOCIATION, as Trustee
		
	By:	 	
		 	Authorized Signatory

  
 A-4 

 FORM OF REVERSE OF SENIOR NOTE 

This Senior Note is one of a duly authorized issue of securities of the Company (herein called the “Senior Notes”), issued
and to be issued in one or more series under an Indenture, dated as of May 1, 1992, between the Company and U.S. Bank Trust National Association, as successor trustee (herein called the “Trustee”, which term includes any
successor trustee) (the “Base Indenture”), as supplemented by the Supplemental Indenture No. 1 between the Company and the Trustee (the “Supplemental Indenture” and together with the Base Indenture, the
“Indenture”), to which Indenture reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Senior Notes and of the
terms upon which the Senior Notes are, and are to be, authenticated and delivered. This Senior Note is one of the series designated on the face hereof, limited in aggregate principal amount to $1,000,000,000 (or up to $1,150,000,000 to the extent
that the over-allotment option granted to the Underwriters pursuant to the Underwriting Agreement is exercised). 

If a Special Event shall occur and be continuing, the Company may, at its option, redeem the Senior Notes of this series in whole, but not in
part, on any Interest Payment Date prior to the earlier of the date of a Successful Remarketing and the Purchase Contract Settlement Date, at a price per Senior Note equal to the Redemption Price as set forth in the Indenture. 

If there has not been a Successful Remarketing prior to the Purchase Contract Settlement Date, the holders of Senior Notes will have the right
to require the Company to purchase their Senior Notes on the Purchase Contract Settlement Date, all as more fully described in the Supplemental Indenture. 

The Senior Notes are not entitled to the benefit of any sinking fund and will not be subject to defeasance. 

If an Event of Default with respect to Senior Notes of this series shall occur and be continuing, the principal of the Senior Notes of this
series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 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 Senior Notes at any time by the Company and the Trustee with the consent of the Holders of
at least a majority in principal amount of the Senior Notes at the time Outstanding. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Senior Notes at the time Outstanding, on behalf of
the Holders of all Senior Notes, 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 Senior Note shall be
conclusive and binding upon such Holder and upon all future Holders of this Senior Note and of any Senior Note 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 Senior Note. 

  
 R-1 

 No reference herein to the Indenture and no provision of this Senior Note or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Senior Note 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 Senior Note is registrable in the
Securities Register, upon surrender of this Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Senior Note are payable, duly endorsed by, or accompanied by a
written instrument of transfer in form satisfactory to the Company and the Securities Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Senior Notes of this series, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Senior Notes
of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Senior Notes of this series are
exchangeable for a like aggregate principal amount of Senior Notes 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. 
 Prior to due presentment of this Senior Note 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 Senior Note is registered as the owner hereof for all purposes, whether or not this Senior Note 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 Senior Note which are defined
in the Indenture shall have the meanings assigned to them in the Indenture. 
 This Senior Note shall be governed by the laws of New York.

 The Company agrees, and by acceptance of a Corporate Unit, each holder of a Corporate Unit will be deemed to have agreed (1) for
United States federal, state and local income and franchise tax purposes to treat the acquisition of a Corporate Unit as the acquisition of the Senior Note and the Purchase Contract constituting the Corporate Unit and (2) to treat the Senior
Note as indebtedness for United States federal, state and local income and franchise tax purposes. A Holder of Senior Notes may obtain the comparable yield and projected payment schedule for the Senior Notes, determined by the Company pursuant to
Treas. Reg. Sec. 1.1275-4, by submitting a written request for it to the Company at the following address: Albertson’s, Inc., 250 Parkcenter Boulevard, P.O. Box 20, Boise, Idaho 83726; Attention: Treasurer. 

  
 R-2 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers this Senior Note to: 
  

 
  

 
     (Insert assignee’s
social security or taxpayer identification number) 
  
  

 
  
  

 
     (Insert address and zip
code of assignee) 
     and irrevocably appoints 
  

 
  

 
  

 
 agent to transfer this Senior Note on the books of
the Company. The agent may substitute another to act for him or her. 
  

			
	Date:                                  	  	 
		  	Signature:
		
		  	Signature Guarantee:

 (Sign exactly as your name appears on the other side of this Senior Note) 

 SIGNATURE GUARANTEE 

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

Name: 
 Title: 

 SCHEDULE OF INCREASES OR DECREASES IN SENIOR NOTE 

The following increases or decreases in a part of this Senior Note have been made: 
  

											
	 Date
	  	 Amount of decrease in
principal amount
of
this Senior Note
	  	Amount of increase
in principal amount
of this Senior Note	  	 Principal amount of this
Senior Note
following
such decrease
 (or increase)
	  	 Signature of authorized
officer of
Trustee

				
	 	  		  		  	
	 Created by 10KWizard www.10KWizard.com
	  		  		  	

 EX-4.1 

INDENTURE 
  

 
  

ALBERTSON’S, INC. 
 and 

MORGAN GUARANTY TRUST COMPANY OF NEW YORK 

Trustee 
  

 
 INDENTURE 

Dated as of May 1, 1992 
  

 
 Debt Securities

  
  

 

 ALBERTSON’S, INC. 

Reconciliation and tie showing the location in the Indenture dated as of May 1, 1992 of the provisions inserted pursuant to Sections 310
to 318(a), inclusive, of the Trust Indenture Act of 1939. 
  

					
	 Trust Indenture Act Section
	  	Indenture Section	 
	 Section 310 (a) (1)
	  	 	609	 
	 (a) (2)
	  	 	609	 
	 (a) (3)
	  	 	Not Applicable	 
	 (a) (4)
	  	 	Not Applicable	 
	 (b)
	  	 	608	 
		  	 	610	 
	 Section 311 (a)
	  	 	613	 
	 (b)
	  	 	613	 
	 Section 312 (a)
	  	 	701	 
		  	 	702 (a)	 
	 (b)
	  	 	702 (b)	 
	 (c)
	  	 	702 (c)	 
	 Section 313 (a)
	  	 	703 (a)	 
	 (b)
	  	 	703 (a)	 
	 (c)
	  	 	703 (a)	 
	 (d)
	  	 	703 (b)	 
	 Section 314 (a)
	  	 	704	 
	 (a) (4)
	  	 	101	 
		  	 	1004	 
	 (b)
	  	 	Not Applicable	 
	 (c) (1)
	  	 	102	 
	 (c) (2)
	  	 	102	 
	 (c) (3)
	  	 	Not Applicable	 
	 (d)
	  	 	Not Applicable	 
	 (e)
	  	 	102	 
	 Section 315 (a)
	  	 	601	 
	 (b)
	  	 	602	 
	 (c)
	  	 	601	 
	 (d)
	  	 	601	 
	 (e)
	  	 	514	 
	 Section 316 (a)
	  	 	101	 
	 (a) (1) (A)
	  	 	502	 
		  	 	512	 
	 (a) (1) (B)
	  	 	513	 
	 (a) (2)
	  	 	Not Applicable	 
	 (b)
	  	 	508	 
	 (c)
	  	 	104 (c)	 
	 Section 317 (a) (1)
	  	 	503	 
	 (a) (2)
	  	 	504	 
	 (b)
	  	 	1003	 
	 Section 318 (a)
	  	 	107	 

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

 TABLE OF CONTENTS 

Page 
 ARTICLE ONE 

DEFINITIONS AND OTHER PROVISIONS 

OF GENERAL APPLICATION 
  

							
	 Section 101.
	  	 Definitions
	  	 	2	 
	 Section 102.
	  	Compliance Certificates and Opinions	  	 	9	 
	 Section 103.
	  	Form of Documents Delivered to Trustee	  	 	9	 
	 Section 104.
	  	Acts of Holders; Record Dates	  	 	10	 
	 Section 105.
	  	Notices, Etc., to Trustee and Company	  	 	11	 
	 Section 106.
	  	Notice to Holders; Waiver	  	 	12	 
	 Section 107.
	  	Conflict with Trust Indenture Act	  	 	12	 
	 Section 108.
	  	Effect of Headings and Table of Contents	  	 	12	 
	 Section 109.
	  	Successors and Assigns	  	 	12	 
	 Section 110.
	  	Separability Clause	  	 	12	 
	 Section 111.
	  	Benefits of Indenture	  	 	13	 
	 Section 112.
	  	Governing Law	  	 	13	 
	 Section 113.
	  	Legal Holidays	  	 	13	 

 ARTICLE TWO 

SECURITY FORMS 
  

							
	 Section 201.
	  	 Forms Generally
	  	 	13	 
	 Section 202.
	  	Form of Legend for Global Securities	  	 	14	 
	 Section 203.
	  	Form of Trustee’s Certificate of Authentication	  	 	14	 

 ARTICLE THREE 

THE SECURITIES 
  

							
	 Section 301.
	  	 Amount Unlimited; Issuable in Series
	  	 	15	 
	 Section 302.
	  	 Denominations
	  	 	16	 

  
 ii 

							
	 Section 303.
	  	 Execution, Authentication, Delivery and Dating
	  	 	17	 
	 Section 304.
	  	 Temporary Securities
	  	 	18	 
	 Section 305.
	  	 Registration, Registration of Transfer and Exchange
	  	 	18	 
	 Section 306.
	  	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	20	 
	 Section 307.
	  	 Payment of Interest; Interest Rights Preserved
	  	 	21	 
	 Section 308.
	  	 Persons Deemed Owners
	  	 	22	 
	 Section 309.
	  	 Cancellation
	  	 	22	 
	 Section 310.
	  	 Computation of Interest
	  	 	23	 

 ARTICLE FOUR 

SATISFACTION AND DISCHARGE 
  

							
	 Section 401.
	  	 Satisfaction and Discharge of Indenture
	  	 	23	 
	 Section 402.
	  	 Application of Trust Money
	  	 	24	 

 ARTICLE FIVE 

REMEDIES 
  

							
	 Section 501.
	  	 Events of Default
	  	 	25	 
	 Section 502.
	  	 Acceleration of Maturity; Rescission and Annulment
	  	 	27	 
	 Section 503.
	  	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	28	 
	 Section 504.
	  	 Trustee May File Proofs of Claim
	  	 	29	 
	 Section 505.
	  	 Trustee May Enforce Claims Without Possession of Securities
	  	 	30	 
	 Section 506.
	  	 Application of Money Collected
	  	 	30	 
	 Section 507.
	  	 Limitation on Suits
	  	 	30	 
	 Section 508.
	  	 Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	 	31	 
	 Section 509.
	  	 Restoration of Rights and Remedies
	  	 	31	 
	 Section 510.
	  	 Rights and Remedies Cumulative
	  	 	31	 
	 Section 511.
	  	 Delay or Omission Not Waiver
	  	 	32	 
	 Section 512.
	  	 Control by Holders
	  	 	32	 

  
 iii 

							
	 Section 513.
	  	 Waiver of Past Defaults
	  	 	32	 
	 Section 514.
	  	 Undertaking for Costs
	  	 	33	 
	 Section 515.
	  	 Waiver of Stay or Extension Laws
	  	 	33	 

 ARTICLE SIX 

THE TRUSTEE 
  

							
	 Section 601.
	  	 Certain Duties and Responsibilities
	  	 	33	 
	 Section 602.
	  	 Notice of Defaults
	  	 	34	 
	 Section 603.
	  	 Certain Rights of Trustee
	  	 	34	 
	 Section 604.
	  	 Not Responsible for Recitals or Issuance of Securities
	  	 	35	 
	 Section 605.
	  	 May Hold Securities
	  	 	35	 
	 Section 606.
	  	 Money Held in Trust
	  	 	35	 
	 Section 607.
	  	 Compensation and Reimbursement
	  	 	35	 
	 Section 608.
	  	 Disqualification; Conflicting Interests
	  	 	36	 
	 Section 609.
	  	 Corporate Trustee Required; Eligibility
	  	 	36	 
	 Section 610.
	  	 Resignation and Removal; Appointment of Successor
	  	 	36	 
	 Section 611.
	  	 Acceptance of Appointment by Successor
	  	 	38	 
	 Section 612.
	  	 Merger, Conversion, Consolidation or Succession to Business
	  	 	39	 
	 Section 613.
	  	 Preferential Collection of Claims Against Company
	  	 	39	 
	 Section 614.
	  	 Appointment of Authenticating Agent
	  	 	39	 

 ARTICLE SEVEN 

 

							
	 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY

 
	  
 

	 Section 701.
	  	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	41	 
	 Section 702.
	  	 Preservation of Information; Communications to Holders
	  	 	41	 
	 Section 703.
	  	 Reports by Trustee
	  	 	41	 
	 Section 704.
	  	 Reports by Company
	  	 	42	 

  
 iv 

 ARTICLE EIGHT 

							
			
		  	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE	  			
			
	 Section 801.
	  	 Company May Consolidate, Etc., Only on Certain Terms
	  	 	42	 
	 Section 802.
	  	 Successor Substituted
	  	 	43	 
	
	ARTICLE NINE	 
	
	SUPPLEMENTAL INDENTURES	 
			
	 Section 901.
	  	 Supplemental Indentures Without Consent of Holders
	  	 	43	 
	 Section 902.
	  	 Supplemental Indentures with Consent of Holders
	  	 	44	 
	 Section 903.
	  	 Execution of Supplemental Indentures
	  	 	45	 
	 Section 904.
	  	 Effect of Supplemental Indentures
	  	 	45	 
	 Section 905.
	  	 Conformity with Trust Indenture Act
	  	 	45	 
	 Section 906.
	  	 Reference in Securities to Supplemental Indentures
	  	 	46	 
	
	ARTICLE TEN	 
	
	COVENANTS	 
			
	 Section 1001.
	  	 Payment of Principal, Premium and Interest
	  	 	46	 
	 Section 1002.
	  	 Maintenance of Office or Agency
	  	 	46	 
	 Section 1003.
	  	 Money for Securities Payments to Be Held in Trust
	  	 	46	 
	 Section 1004.
	  	 Statement by Officers as to Default
	  	 	47	 
	 Section 1005.
	  	 Existence
	  	 	48	 
	 Section 1006.
	  	 Maintenance of Properties
	  	 	48	 
	 Section 1007.
	  	 Payment of Taxes and Other Claims
	  	 	48	 
	 Section 1008.
	  	 Limitations on Liens
	  	 	48	 
	 Section 1009.
	  	 Limitations on Sale and Leaseback Transactions
	  	 	50	 
	 Section 1010.
	  	 Waiver of Certain Covenants
	  	 	51	 

  
 v 

							
	 ARTICLE ELEVEN
  

REDEMPTION OF SECURITIES
	  
 

 

			
	 Section 1101.
	  	 Applicability of Article
	  	 	51	 
	 Section 1102.
	  	 Election to Redeem; Notice to Trustee
	  	 	52	 
	 Section 1103.
	  	 Selection by Trustee of Securities to Be Redeemed
	  	 	52	 
	 Section 1104.
	  	 Notice of Redemption
	  	 	53	 
	 Section 1105.
	  	 Deposit of Redemption Price
	  	 	53	 
	 Section 1106.
	  	 Securities Payable on Redemption Date
	  	 	54	 
	 Section 1107.
	  	 Securities Redeemed in Part
	  	 	54	 
	
	ARTICLE TWELVE	 
	
	SINKING FUNDS	 
			
	 Section 1201.
	  	 Applicability of Article
	  	 	54	 
	 Section 1202.
	  	 Satisfaction of Sinking Fund Payments with Securities
	  	 	55	 
	 Section 1203.
	  	 Redemption of Securities for Sinking Fund
	  	 	55	 
	
	ARTICLE THIRTEEN	 
	
	DEFEASANCE AND COVENANT DEFEASANCE	 
			
	 Section 1301.
	  	 Company’s Option to Effect Defeasance or Covenant Defeasance
	  	 	55	 
	 Section 1302.
	  	 Defeasance and Discharge
	  	 	56	 
	 Section 1303.
	  	 Covenant Defeasance
	  	 	56	 
	 Section 1304.
	  	 Conditions to Defeasance or Covenant Defeasance
	  	 	56	 

  
 vi 

							
	 Section 1305.
	  	 Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous
Provisions
	  	 	58	 
	 Section 1306.
	  	 Reinstatement
	  	 	58	 
	 TESTIMONIUM
	  			
	 SIGNATURES AND SEALS
	  			
	 ACKNOWLEDGEMENTS
	  			

 INDENTURE, dated as of May 1, 1992, between ALBERTSON’S, INC., a
corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”), having its principal office at 250 Parkcenter Boulevard, Boise, Idaho 83726 and MORGAN GUARANTY TRUST COMPANY OF NEW YORK, a
corporation duly organized and existing under the laws of the State of New York, as Trustee hereunder (herein called the “Trustee”). 

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 and unsubordinated debentures, notes or other evidences of senior indebtedness (herein called the
“Securities”), unlimited as to principal amount, to bear such rates of interest, to mature at such time or times, to be issued in one or more series and to have such other provisions as shall be fixed as hereinafter Provided. 

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 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 in the United States of America and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to
any computation required or permitted hereunder shall mean such accounting principles as are generally accepted at the date of such computation; and 

  
 2 

 (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. 

“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. 

“Attributable Debt” means, as to any particular lease under which the Company or any Subsidiary is at the time liable and at any
date as of which the amount thereof is to be determined, the total net amount of rent required to be paid under such lease during the remaining term thereof (including any period for which such lease has been extended or may, at the option of the
lessor, be extended), discounted from the respective due dates thereof to such date at a rate per annum equal to the weighted average interest rate per annum borne by the Securities of each series outstanding hereunder compounded semi-annually. The
net amount of rent required to be paid under any such lease for any such period shall be the aggregate amount of the rent payable by the lessee with respect to such period after excluding amounts required to be paid on account of maintenance and
repairs, insurance, taxes, assessments, water rates and similar charges. In the case of any lease which is terminable by the lessee upon the payment of a penalty, such net amount shall also include the amount of such penalty, but no rent shall be
considered as required to be paid under such lease subsequent to the first date upon which it may be so terminated. 
 “Authenticating
Agent” means any Person authorized by the Trustee pursuant to Section 614 to act on behalf of the Trustee to authenticate Securities of one or more series. 

“Board of Directors” means either the Board of Directors of the Company or any committee of that board duly authorized to act for it
hereunder. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company
to have been duly adopted by the Board of Directors 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 Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and Friday that is
not a day on which banking institutions in that Place of Payment are authorized or obligated by law or executive order to close, except as may otherwise be provided in the form of Securities of any particular series pursuant to the provisions of
this Indenture. 
 “Capital Lease Obligations” mean any rental obligation which, under generally accepted accounting principles,
is or will be required to be capitalized on the books of the Company or any Subsidiary, taken at the amount thereof accounted for as indebtedness (net of interest expense) in accordance with such principles. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if
at any time after the execution of this 

  
 3 

 
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. 

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

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

“Consolidated Net Tangible Assets” means the net book value of all assets of the Company and its consolidated Subsidiaries,
excluding any amounts carried as assets for shares of capital stock held in treasury, debt discount and expense, goodwill, patents, trademarks and other intangible assets, less all liabilities of the Company and its consolidated Subsidiaries (except
Funded Debt, minority interests in consolidated Subsidiaries, deferred taxes and general contingency reserves of the Company and its consolidated Subsidiaries), which in each case would be included on a consolidated balance sheet of the Company and
its consolidated Subsidiaries as of the date of determination, all as determined on a consolidated basis in accordance with generally accepted accounting principles. 

“Corporate Trust Office” means the principal office of the Trustee at which at any particular time its corporate trust business
shall be conducted, which office, at the date of execution of this Indenture, is located at 60 Wall Street, 36th Floor, New York, New York 10260. 

“corporation” means any corporation, association, company, joint-stock company or business trust. 

“Covenant Defeasance” has the meaning specified in Section 1303. 

“Debt” means any indebtedness for money borrowed or evidenced by a bond, debenture, note or other similar instrument, whether or not
for money borrowed. 
 “Defaulted Interest” has the meaning specified in Section 307. 

“Defeasance” has the meaning specified in Section 1302. 

“Defeasible Series” has the meaning specified in Section 1301. 

“Depositary” means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global
Securities, a clearing agency registered under the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 301. 

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

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any statute successor thereto. 

  
 4 

 “Funded Debt” means (a) all indebtedness of the Company and its Subsidiaries for
money borrowed, or evidenced by a bond, debenture, note or other similar instrument, whether or not for money borrowed, maturing on, or renewable or extendible at the option of the obligor to, a date more than one year from the date of the
determination thereof (but not including indebtedness under any revolving credit arrangement with banks except for any indebtedness converted pursuant to any such arrangement into a term loan which meets the requirements of this Clause (a)),
(b) Capital Lease Obligations payable on a date more than one year from the date of the determination thereof, (c) guarantees, direct or indirect, and other contingent obligations of the Company and its Subsidiaries in respect of, or to
purchase or otherwise acquire or be responsible or liable for (through the investment of funds or otherwise), any obligations of the type described in the foregoing Clause (a) or (b) of others (but not including contingent liabilities on
customer’s receivables sold with recourse), and (d) amendments, renewals, extensions and refundings of any obligations of the type described in the foregoing Clauses (a), (b) or (c). 

“Global Security” means a Security that evidences all or part of the Securities of any series and is authenticated and delivered to,
and registered in the name of, the Depositary for such Securities or a nominee thereof. 
 “Holder” means a Person in whose name a
Security is registered in the Security Register. 
 “Indenture” means this instrument as originally executed or as it may from
time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of
the Trust Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also 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. 
 “Interest Payment Date”, when used with respect to
any Security, means the Stated Maturity of an installment of interest on such Security. 
 “Lien” means any mortgage, pledge,
lien, security interest, charge or encumbrance of any kind (including any conditional sale or other title retention agreement, any lease in the nature thereof, and any agreement to give any of the foregoing). 

“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. 

“Nonrecourse Obligation” means indebtedness or lease payment obligations substantially related to (i) the acquisition of assets
not previously owned by the Company or any Subsidiary or (ii) the financing of a project involving the development or expansion of properties of the Company or any Subsidiary, as to which the obligee with respect to such indebtedness or
obligation has no recourse to the Company or any Subsidiary or any assets of the Company or any Subsidiary other than the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction
(and the proceeds thereof). 

  
 5 

 “Notice of Default” means a written notice of the kind specified in Section 501
(4). 
 “Officers’ Certificate” means a certificate signed by the Chairman of the Board, the Vice Chairman of the Board, 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. One of the officers signing an Officers’ Certificate given pursuant to
Section 1004 shall be the principal executive, financial or accounting officer of the Company. 
 “Opinion of Counsel” means
a written opinion of counsel, who may be an employee of or counsel for the Company, acceptable to the Trustee. 
 “Original Issue
Discount Security” means any Security that provides for declaration of 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: 
 (1) Securities theretofore cancelled by the Trustee or delivered
to the Trustee for cancellation; 
 (2) Securities for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided that, if
such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

(3) Securities as to which Defeasance has been effected pursuant to Section 1302; and 

(4) Securities that have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have
been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose
hands such Securities are valid obligations of the Company; 
 provided, however, that in determining whether the Holders of the requisite principal amount
of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Securities for quorum purposes, (A) 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 and
(B) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall
be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, or upon any such determination as to the presence of a quorum, only Securities that the Trustee knows to be so owned shall be so disregarded.
Securities so owned that have been pledged in good faith may 

  
 6 

 
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. 
 “Paying 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 specified 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 the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Principal Property” means (a) any real
property (including, without limitation, leasehold interests) together with the improvements thereon and the equipment, if any, constituting a part of the facility located thereon (including, without limitation, any warehouse, service center,
shopping center or distribution center, wherever located) and (b) other equipment, in each case, of the Company or any Subsidiary and having a book value on the date as of which the determination is being made of more than 1% of Consolidated
Net Tangible Assets as most recently determined prior to such date; provided, however, that for purposes of Clause (a) above, separate parcels of real property which are operated generally as part of a single facility (such as a single
warehouse, service center, shopping center or distribution center) shall be deemed to be a single property, and for purposes of Clause (b) above, separate items of equipment that are secured by Liens shall be deemed to be a single property to
the extent they are secured by such Liens pursuant to the same financing transaction or a series of related financing transactions. 

“Redemption Date,” when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to
this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means the price at which it is to be
redeemed pursuant to this Indenture. 
 “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. 
 “Responsible Officer”,
when used with respect to the Trustee, means any officer of the Trustee assigned by the Trustee to administer its corporate trust matters. In the absence of bad faith on the part of the Company or a Holder, the Company or the Holder, as the case may
be, may conclusively rely upon the statement of an officer of the Trustee as to whether an officer (including the officer making the statement) is assigned by the Trustee to administer the Trustee’s corporate trust matters. 

  
 7 

 “Sale and Leaseback Transaction” has the meaning set forth in Section 1009. 

“Security” or “Securities” has the meaning set forth in the first recital of the Indenture and more particularly means any
Security or Securities, as the case may be, authenticated and delivered under this Indenture. 
 “Security Register” and
“Security Registrar” have the respective meanings specified in Section 305. 
 “Significant Subsidiary” has the
meaning set forth in Rule 1-02(v) of Article 1 of Regulation S-X (or any successor provision) of the Commission. 
 “Special Record
Date” for the payment of any Defaulted Interest on the Securities of any series means a date fixed by the Trustee pursuant to Section 307. 

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

“Subsidiary” means a corporation 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 the purposes of this definition, “voting stock” means stock which ordinarily has voting power for the election of directors, whether at
all times or only so long as no senior class of stock has such voting power by reason of any contingency. 
 “Trust Indenture Act”
means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the
extent required by any such amendment, the Trust Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the
“Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then
a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 

“U.S. Government Obligations” means securities that are (i) direct obligations of the United States of America for the payment
of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the timely payment of which is unconditionally guaranteed as a
full faith and credit obligation by the United States of America, which, in either case under clauses (i) or (ii) are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a
bank (as defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by
such custodian for the account of the holder of a depository receipt, provided 

  
 8 

 
that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian
in respect of the U.S. Government Obligation or the specific payment of principal of or interest on the U.S. Government Obligation evidenced by such depository receipt. 

“Vice President”, when used with respect to the Company, means any Vice President, whether or not designated by a number or a word
or words added before or after the title “Vice President.” 
 “Wholly-owned”, when used with reference to a Subsidiary,
means a Subsidiary of which all of the outstanding capital stock (except for qualifying shares) is owned by the Company or by one or more Wholly-owned Subsidiaries, or both. 

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 such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officers’ Certificate, if to be given by an officer of the Company, or an
Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

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

  
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 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which
his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company
stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to
such matters are erroneous. 
 Where any Person is required to make, give or execute two or more applications, requests, consents,
certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 SECTION
104. Acts of Holders; Record Dates. 
 (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 any 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 that the Trustee deems sufficient. 
 (c) The ownership of Securities
shall be proved by the Security Register. 
 (d) 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. 
 (e) The
Company may, in the circumstances permitted by the Trust Indenture Act, fix any day as the record date for the purpose of determining the Holders of Securities of any series entitled to give or take any request, demand, authorization, direction,
notice, consent, waiver or other action, or to vote on any action, authorized or permitted to be given or taken by 

  
 10 

 
Holders of Securities of such series. If not set by the Company prior to the first solicitation of a Holder of Securities of such series made by any Person in respect of any such action, or, in
the case of any such vote, prior to such vote, the record date for any such action or vote shall be the 30th day (or, if later, the date of the most recent list of Holders required to be provided pursuant to Section 701) prior to such first
solicitation or vote, as the case may be. With regard to any record date for action to be taken by the Holders of one or more series of Securities, only the Holders of Securities of such series on such date (or their duly designated proxies) shall
be entitled to give or take, or vote on, the relevant action. With regard to any record date set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date (or their duly appointed agents), and only
such Persons, shall be entitled to give or take the relevant action, whether or not such Holders remain Holders after such record date. With regard to any action that may be given or taken hereunder only by Holders of a requisite principal amount of
Outstanding Securities of any series (or their duly appointed agents) and for which a record date is set pursuant to this paragraph, the Company may, at its option, set an expiration date after which no such action purported to be given or taken by
any Holder shall be effective hereunder unless given or taken on or prior to such expiration date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date (or their duly appointed agents). On or prior
to any expiration date set pursuant to this paragraph, the Company may, on one or more occasions at its option, extend such date to any later date. Nothing in this paragraph shall prevent any Holder (or any duly appointed agent thereof) from giving
or taking, after any expiration date, any action identical to, or, at any time, contrary to or different from, any action given or taken, or purported to have been given or taken, hereunder by a Holder on or prior to such date, in which event the
Company may set a record date in respect thereof pursuant to this paragraph. Notwithstanding the foregoing or the Trust Indenture Act, the Company shall not set a record date for, and the provisions of this paragraph shall not apply with respect to,
any action to be given or taken by Holders pursuant to Sections 501, 502 or 512. 
 (f) Without limiting the foregoing, a Holder entitled
hereunder to give or take any action hereunder with regard to any particular Security may do so with regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such
appointment with regard to all or any different part of such principal amount. 
 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, Attention: Corporate Trust Administration, or 

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

  
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 SECTION 106. Notice to Holders; Waiver. 

Where this Indenture or any Security provides for notice to Holders of Securities of any event, such notice shall be sufficiently given (unless
otherwise herein or in such Security expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at the address of such Holder as it appears in the Security Register, not later than the latest
date (if any), and not earlier than the earliest date (if any), 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 or any Security provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice,
either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders of Securities shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action
taken in reliance upon such waiver. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall
be impracticable to give such notice to Holders of Securities by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 

SECTION 107. Conflict with Trust Indenture Act. 

If any provision hereof 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 Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to
this Indenture as so modified or to be excluded, as the case may be. 
 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. 

  
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 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, any Authenticating Agent, or Paying Agent, any Security Registrar and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

SECTION 112. Governing Law. 
 This Indenture and
the Securities shall be governed by and construed in accordance with the laws of the State of New York. 
 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 other than a provision of the Securities of any series that specifically states that such provision shall apply in lieu of this Section) payment of interest or
principal (and premium, if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption
Date, or at the Stated Maturity, 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, to such next succeeding Business Day. 

ARTICLE TWO 
 SECURITY FORMS 

SECTION 201. Forms Generally. 
 The Securities of
each series shall be in substantially the form as shall 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. Any portion of the text of any Security may be set forth on the reverse thereof, with an appropriate reference thereto
on the face of the Security. 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. 

  
 13 

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

SECTION 202. Form of Legend for Global Securities 

Any Global Security authenticated and delivered hereunder may bear any legend required to comply with the requirements of any Depositary. 

SECTION 203. Form of Trustee’s Certificate of Authentication. 

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

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

 

			
	MORGAN GUARANTY TRUST COMPANY OF NEW YORK,
	As Trustee
		
	By	 	 
		 	Authorized Officer

  
 14 

 ARTICLE THREE 

THE SECURITIES 
 SECTION 301. Amount Unlimited;
Issuable in Series. 
 The aggregate principal amount of Securities that may be authenticated and delivered and Outstanding under this
Indenture is unlimited. 
 The Securities may be issued from time to time in one or more 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 and the series in which such Securities shall be included (which shall distinguish
the Securities of the series from all other Securities); 
 (2) any limit upon the aggregate principal amount of the
Securities of the series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon 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 and except for any Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 

(3) the Person to whom any interest on any Security of the series shall be payable, if other than 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; 

(4) the date or dates on which the principal of the Securities of the series is payable; 

(5) the rate or rates at which such Securities shall bear interest, if any, or the method by which such rate or rates are
determined, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable, the Regular Record Date for any interest payable on any Securities on any Interest Payment Date, and the
basis upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day months; 
 (6) the place
or places where the principal of and any premium and interest on Securities of the series shall be payable; 
 (7) the period
or periods within which, the price or prices at which and the terms and conditions upon which such Securities may be redeemed, in whole or in part, at the option of the Company; 

(8) the obligation, if any, of the Company to redeem or purchase such Securities 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 such Securities shall be redeemed or purchased, in whole or in part, pursuant to such
obligation, and any provisions for the remarketing of such Securities; 

  
 15 

 (9) if other than denominations of $1,000 and any integral multiple thereof, the
denominations in which Securities of the series shall be issuable; 
 (10) if the amount of payments of principal of or any
premium or interest on such Securities may be determined with reference to an index, formula or other method based on a coin or currency other than U.S. dollars, or otherwise, the manner in which such amounts shall be determined; 

(11) if other than the principal amount thereof, the portion of the principal amount of any Securities of the series that shall
be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502; 
 (12) the applicability,
or non-applicability, or variation, of Sections 1008 and 1009 with respect to the Securities of such series: 
 (13) if
applicable, that the Securities of the series shall be defeasible as provided in Article Thirteen; 
 (14) if and as
applicable, that the Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the Depositary or Depositaries for such Global Security or Global Securities and any circumstances
other than those set forth in Section 305 in which any such Global Security may be transferred to, and registered and exchanged for Securities registered in the name of, a Person other than the Depositary for such Global Security or a nominee
thereof and in which any such transfer may be registered; and 
 (15) any other terms of the series (which terms shall not be
inconsistent with the provisions of this Indenture, except as permitted by Section 901(5)). 
 All Securities of any one series shall
be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 303) set forth, or determined in the manner provided, in the
Officers’ Certificate referred to above or in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened for issuances of additional
Securities of such series. 
 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 only in registered form without coupons in such denominations as shall be specified as contemplated by Section 301. In the absence of any such specified denomination 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. 

  
 16 

 SECTION 303. Execution, Authentication, Delivery and Dating. 

The Securities shall be executed on behalf of the Company by its Chairman of the Board, Vice Chairman of the Board, President or Vice President
serving as Chief Financial Officer or its Treasurer, 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 Securities, and the Trustee in accordance with the Company Order (which may provide that Securities that are the
subject thereof will be authenticated and delivered by the Trustee upon the telephonic or written order of Persons designated in said Company Order and that such Persons are authorized to determine such terms and conditions of said Securities as are
specified in the Company’s Order) shall authenticate and deliver 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 in 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, 
 (1) 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; 

(2) 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 
 (3) that such Securities,
when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company enforceable in
accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights, to general equity principles and to such other
matters as counsel may specify. 
 If the 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 that is not reasonably acceptable to the Trustee. 

  
 17 

 Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all
Securities of a series are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 301 or the Company Order and Opinion of Counsel otherwise required
pursuant to such preceding paragraph at or prior to the time of authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued
and contemplate issuance of all Securities of such series. 
 Each Security shall be dated the date of its authentication. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has
been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the
Trustee for cancellation as provided in Section 309, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

SECTION 304. Temporary Securities. 
 Pending the
preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in
any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued 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 maintained pursuant to Section 1002 in a Place of Payment for such series for the purpose of exchanges of Securities of such series, without charge
to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series,
of any authorized denominations and of like aggregate principal amount and tenor. Until so exchanged the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such
series. 
 SECTION 305. Registration, Registration of Transfer and Exchange. 

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

  
 18 

 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 and tenor. 
 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 and tenor, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive. 

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

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

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

The Company shall not be required (i) to issue, register the transfer of or exchange Securities of any series during a period beginning
at the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of 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 in the case of any Security to be redeemed in part, the portion thereof not to be redeemed. 

Notwithstanding any other provision in this Indenture, any Global Security shall be exchangeable pursuant to this Section 305 for
Securities registered in the names of Persons other than the Depositary for such Global Security or its nominee only when (i) such Depositary notifies the Company and the Trustee in writing that it is unwilling or unable to continue as
Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and a successor Depositary is not appointed by the Company within 90 days, (ii) the Company in its sole
discretion determines that Securities shall no longer be represented by a Global Security and executes and delivers to the Trustee a Company Order that such Global Security shall be so exchangeable, (iii) there shall have occurred and be
continuing an Event of Default or an event which, with the giving of notice or lapse of time, or both, would constitute an Event of Default with respect to the Securities represented by such Global Security or (iv) there shall exist such other
circumstances, if any, 

  
 19 

 
as shall be specified for this purpose as contemplated by Section 301. Any Global Security that is exchangeable pursuant to clause (i), (ii), (iii) or (iv) above, shall be
surrendered by the Depositary, or such other depositary as shall be specified in the Company Order with respect thereto to, the Trustee, as the agent for such purpose, to be exchanged, in whole or in part, for definitive Securities without charge,
and the Trustee shall authenticate and deliver, in exchange for each portion of such permanent Global Security, an equal aggregate principal amount of definitive Securities, executed by the Company, of the same series of authorized denominations and
of like tenor as the portion of such Global Security to be exchanged, which shall be in the form of registered Securities as provided in the Company Order. 

Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security other than
pursuant to clauses (i), (ii), (iii) or (iv) in the preceding paragraph, whether pursuant to this Section, Sections 304, 306, 906 or 1107 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security.

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

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

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any
Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona
fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal amount
and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is
about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the
issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the 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. 

  
 20 

 SECTION 307. Payment of Interest; Interest Rights Preserved. 

Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security that is
payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest. 
 In the case of Securities represented by a Global Security registered in the name of or held by a Depositary or its
nominee, unless otherwise specified by Section 301, payment of principal, premium, if any, and interest, if any, will be made to the Depositary or its nominee, as the case may be, as the registered owner or Holder of such Global Security. None
of the Company, the Trustee, any Paying Agent, any Authenticating Agent nor the Security Registrar for such Securities will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial
ownership interest in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

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 Record
Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of 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). 
  

  
 21 

 (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. 
 At the option
of the Company, interest on Securities of any series that bear interest may be paid by mailing a check to the address of the person entitled thereto as such address shall appear in the Security Register. 

Subject to the foregoing provisions of this Section, 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 any premium and (except as otherwise specified as contemplated by Section 301(3) and subject to Section 307) any 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. 

In the case of a Global Security, so long as the Depositary for such Global Security, or its nominee, is the registered owner of such Global
Security, such Depositary or such nominee, as the case may be, will be considered the sole owner or Holder of the Securities represented by such Global Security for all purposes under this Indenture. Except as provided in Section 305, owners of
beneficial interests in a Global Security will not be entitled to have Securities that are represented by such Global Security registered in their names, will not receive or be entitled to receive physical delivery of such Securities in definitive
form and will not be considered the owners or Holders thereof under this Indenture. 
 Notwithstanding the foregoing, with respect to any
Global Security, nothing herein shall (i) prevent the Company, the Trustee, or any agent of the Company or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by a Depositary or (ii) impair,
as between a Depositary and holders of beneficial interests in any Global Security, the operation of customary practices governing the exercise of the rights of the Depositary as Holder of such Global Security. 

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 any such Securities surrendered
directly to the Trustee for any such purpose shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder that the Company may have acquired in
any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously 

  
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authenticated hereunder that the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in
exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be destroyed by the Trustee and the Trustee shall deliver a certificate of such
destruction to the Company. 
 SECTION 310. Computation of Interest. 

Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall
be computed on the basis of a 360-day year of twelve 30-day months. 
 ARTICLE FOUR 

SATISFACTION AND DISCHARGE 
 SECTION 401.
Satisfaction and Discharge of Indenture. 
 This Indenture shall upon Company Request cease to be of further effect (except as to any
surviving rights of registration of transfer or exchange of Securities herein expressly provided for), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when

 (1) either 

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

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

(i) have become due and payable, or 

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

(iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice
of redemption by the Trustee in the name, and at the expense, of the Company, 

  
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and the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose, lawful money of the United
States or U.S. Government Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide lawful money not later than one day before the due dates of principal (and premium, if any) or
interest, or any combination thereof, in an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to the date of such
deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 

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

(3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 
 In the
event there are Securities of two or more series hereunder, the Trustee shall be required to execute an instrument acknowledging satisfaction and discharge of this Indenture only if requested to do so with respect to the Securities of all series to
which it is Trustee and if the other conditions thereto are met. In the event there are two or more Trustees hereunder, then the effectiveness of any such instrument shall be conditioned upon receipt of such instruments from all Trustees hereunder.

 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 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 any premium and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law.

  
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 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 or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental
body), unless such event is either inapplicable to a particular series or it is specifically deleted or modified in the supplemental indenture creating such series of Securities or in the form of Security for such series: 

(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 whose performance or whose breach 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 10% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder; or 
 (5) a default under any bond, debenture, note or other evidence of indebtedness for money borrowed by the
Company or any Significant Subsidiary (including a default with respect to Securities of any series other than that series) having an aggregate outstanding principal amount of at least $25,000,000 or under any mortgage, indenture or other 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 Significant Subsidiary (including this Indenture) having an aggregate outstanding principal amount of at least
$25,000,000, whether such indebtedness now exists or shall hereafter be created, which default (A) shall constitute a failure to make any principal payment of at least $25,000,000 with respect to such indebtedness when due and payable after the
expiration of any applicable grace period with respect thereto or (B) shall have resulted in such indebtedness becoming or being declared due and payable prior to the date on which it would otherwise have become due and payable, without in the
case of Clause (A) or (B), as the case may be, such indebtedness having been discharged, or such acceleration having been rescinded or annulled, within a period 

  
 25 

 
of 10 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 10% in aggregate
principal amount of the Outstanding Securities of that series a written notice specifying such default and requiring the Company or such Significant Subsidiary, as the case may be, 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 Sections 601 and 602, the Trustee shall not be deemed to have knowledge of such
default unless either (i) a Responsible Officer of the Trustee shall have actual knowledge of such default or (ii) 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 any Significant Subsidiary 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 any Significant Subsidiary 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 any Significant Subsidiary under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or any Significant Subsidiary or of any
substantial part of their respective properties, or ordering the winding up or liquidation of their respective affairs, 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 the Company or any Significant Subsidiary 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 it to the entry of a decree or order for
relief in respect of the Company or any Significant Subsidiary in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or
insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of
or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or any Significant Subsidiary or of any substantial part of their respective properties, or the making by the Company
or any Significant Subsidiary of an assignment for the benefit of creditors, or the admission by the Company or any Significant Subsidiary in writing of its inability to pay its debts generally as they become due, or the taking of corporate action
by the Company or any Significant Subsidiary in furtherance of any such action; or 
 (8) any other Event of Default provided
with respect to Securities of that series. 
 Upon receipt by the Trustee of any Notice of Default pursuant to this Section 501 with
respect to Securities of any series, a record date shall automatically and without any other action by any Person be set for the purpose of determining the Holders of Outstanding Securities of such series entitled to join in such Notice of Default,
which record date shall be the close of 

  
 26 

 
business on the day the Trustee receives such Notice of Default. Promptly after the establishment of a record date pursuant to the provisions of this Section 501, the Trustee shall notify
the Company and the Holders of Outstanding Securities of such series of the establishment of such record date. The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall be
entitled to join in such Notice of Default, whether or not such Holders remain Holders after such record date; provided that, unless such Notice of Default shall have become effective by virtue of Holders of the requisite principal amount of
Outstanding Securities of such series on such record date (or their duly appointed agents) having joined therein on or prior to the 90th day after such record date, such Notice of Default shall automatically and without any action by any Person be
cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder (or a duly appointed agent thereof) from giving, before or after the expiration of such 90-day period, a Notice of Default contrary to or different from, or, after
the expiration of such period, identical to, a Notice of Default that has been cancelled pursuant to the proviso to the preceding sentence, in which event a new record date in respect thereof shall be set pursuant to this paragraph. 

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 any of the Securities of that series are Original Issue Discount Securities, such portion of the
principal amount of such Securities as may be specified in the terms thereof) of all of the Securities of that series and all accrued interest thereon 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 the same shall become immediately due and payable. 
 At any time after such a declaration
of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article 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 any interest thereon at the rate or rates prescribed therefor in such Securities, to the extent that payment of such interest is lawful, 

(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 
 (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; 

  
 27 

 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. 
 Upon receipt by the Trustee of any declaration of
acceleration, or any rescission and annulment of any such declaration, pursuant to this Section 502 with respect to Securities of any series, a record date shall automatically and without any other action by any Person be set for the purpose of
determining the Holders of Outstanding Securities of such series entitled to join in such declaration, or rescission or annulment, as the case may be, which record date shall be the close of business on the day the Trustee receives such declaration,
or rescission and annulment, as the case may be. Promptly after the establishment of a record date pursuant to the provisions of this Section 502, the Trustee shall notify the Company and the Holders of Outstanding Securities of such series of
the establishment of such record date. The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall be entitled to join in such declaration, or rescission and annulment, as
the case may be, whether or not such Holders remain Holders after such record date; provided that, unless such declaration, or rescission and annulment, as the case may be, shall have become effective by virtue of Holders of the requisite principal
amount of Outstanding Securities of such series on such record date (or their duly appointed agents) having joined therein on or prior to the 90th day after such record date, such declaration, or rescission and annulment, as the case may be, shall
automatically and without any action by any Person be cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder (or a duly appointed agent thereof) from giving, before or after the expiration of such 90-day period, a
declaration of acceleration, or a rescission and annulment of any such declaration, contrary to or different from, or, after the expiration of such period, identical to, a declaration, or rescission and annulment, as the case may be, that has been
cancelled pursuant to the proviso to the preceding sentence, in which event a new record date in respect thereof shall be set pursuant to this paragraph. 

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 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, or 
 (3) default is made in the payment of any sinking or purchase fund or analogous obligation when the same becomes due by the
terms of the Securities of any series, and any such default continues for any period of grace provided with respect to the Securities of such series, 

  
 28 

 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holder of any such Security (or
the Holders of any such series in the case of Clause (3) above), the whole amount then due and payable on any such Security (or on the Securities of any such series in the case of Clause (3) above) for principal (and premium, if any) and
interest, with interest, to the extent that payment of such interest shall be legally enforceable, upon the overdue principal (and premium, if any) and upon overdue installments of interest, at such rate or rates as may be prescribed therefor by the
terms of any such Security (or of Securities of any such series in the case of Clause (3) above); 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 and all other amounts due the Trustee under Section 607. 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceedings to judgment or final decree, and may enforce the same against the Company or any other obligor upon the Securities of such series
and collect the money 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. 
 SECTION 504.
Trustee May File Proofs of Claim. 
 In case of any judicial proceeding relative to the Company (or any other obligor upon the Securities),
its property or its creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in order to have claims of the Holders and the Trustee
allowed in any such proceeding. In particular, the Trustee shall be authorized 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. 

No provision of this Indenture 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 any Holder in any such proceeding; provided, however, that
the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

  
 29 

 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, disbursement 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 any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully
paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 607; 

SECOND: To the payment of the amounts then due and unpaid for principal of and any premium 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 any premium and interest, respectively;
and 
 THIRD: The balance, if any, to the Company or any other 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) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the
Securities of that series; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding Securities of that
series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered 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 

  
 30 

 (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, Premium and Interest. 

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 any premium and (except as specified as contemplated by Section 301(3) and subject to Section 307) any interest on such Security on the respective Stated 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 rights 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 in 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. 

  
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 SECTION 511. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Security to exercise any right or remedy accruing upon any Event of Default shall
impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article 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 that 

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

(2) the Trustee shall not determine that the action so directed would be unjustly prejudicial to Holders of Securities of that
series, or any other series, not taking part in such direction, and 
 (3) the Trustee may take any other action deemed
proper by the Trustee which is not inconsistent with such direction. 
 Upon receipt by the Trustee of any such direction with respect to
Securities of any series, a record date shall automatically and without any other action by any Person be set for determining the Holders of Outstanding Securities of such series entitled to join in such direction, which record date shall be the
close of business on the day the Trustee receives such direction. Promptly after the establishment of a record date pursuant to the provisions of this Section 512, the Trustee shall notify the Holders of Outstanding Securities of such series of
the establishment of such record date. The Holders of Outstanding Securities of such series on such record date (or their duly appointed agents), and only such Persons, shall be entitled to join in such direction, whether or not such Holders remain
Holders after such record date; provided that, unless such direction shall have become effective by virtue of Holders of the requisite principal amount of Outstanding Securities of such series on such record date (or their duly appointed agents)
having joined therein on or prior to the 90th day after such record date, such direction shall automatically and without any action by any Person be cancelled and of no further effect. Nothing in this paragraph shall prevent a Holder (or a duly
appointed agent thereof) from giving, before or after the expiration of such 90-day period, a direction contrary to or different from, or, after the expiration of such period, identical to, a direction that has been cancelled pursuant to the proviso
to the preceding sentence, in which event a new record date in respect thereof shall be set pursuant to this paragraph. 
 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 any premium or interest on any Security of such series, or 

  
 32 

 (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. 

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, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant, in the manner and to the extent provided in the Trust
Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company. 

SECTION 515. Waiver of Stay or Extension Laws. 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such
power as though no such law had been enacted. 
 ARTICLE SIX 

THE TRUSTEE 
 SECTION 601. Certain Duties and
Responsibilities. 
 The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act. Notwithstanding the
foregoing (but subject to Section 107), 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. 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. 

  
 33 

 SECTION 602. Notice of Defaults. 

If a default occurs hereunder with respect to Securities of any series, the Trustee shall give the Holders of Securities of such series notice
of such default as and to the extent provided by the Trust Indenture Act and in the manner provided in Section 106; provided, however, that in the case of any default of the character specified in Section 501(4) with respect to Securities
of such series, no such notice to Holders shall be given until at least 30 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) the Trustee may 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 of any series 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 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; 

  
 34 

 (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; and 

(8) the Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and believed by it to be
authorized or within the discretion, rights or powers conferred upon it by this Indenture. 
 SECTION 604. Not Responsible for Recitals or Issuance of
Securities. 
 The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken
as the statements of the Company, and the Trustee 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. The Trustee
or any Authenticating Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 
 SECTION
605. May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the
Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 608 and 613, may otherwise deal with the Company with the same rights it would have if it were not 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 an 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 to the extent any such
expense, disbursement or advance may be attributable to its negligence or bad faith; and 

  
 35 

 (3) to indemnify the Trustee for, and to hold it harmless against, any loss,
liability or expense arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or
performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense may be attributable to negligence or bad faith on its part. 

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 funds held in trust for the payment of principal of (and premium, if any) or interest, if any, on particular Securities. 

“Trustee,” for purposes of this Section 607, includes any predecessor Trustee, provided that the negligence or bad faith of any
Trustee shall not affect the rights under this Section 607 of any other Trustee. 
 SECTION 608. Disqualification; Conflicting Interests. 

If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate
such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture and the Company shall take prompt action to have a successor Trustee appointed in the manner provided
herein. 
 SECTION 609. Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee hereunder with respect to the Securities of each series that shall be a Person that is eligible pursuant
to the Trust Indenture Act to act as such and has a combined capital and surplus of at least $50,000,000, be subject to supervision or examination by Federal or State authority and have its Corporate Trust Office located in the Borough of Manhattan,
The City of New York. If such Person 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
Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereinafter specified in this Article. 
 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. 

  
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 (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 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 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 to all Holders of Securities of such series in the manner 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. 

  
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 SECTION 611. Acceptance of Appointment by Successor. 

(a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed shall
execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder. 
 (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not
all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment
and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities
of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm
that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall
add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental
indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon
the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor
Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates. 
 (c) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 

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

  
 38 

 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 then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities. In the event any Securities shall not have been authenticated by such predecessor Trustee, any such successor Trustee may authenticate and deliver such Securities, in either its own name or that of its
predecessor Trustee, with the full force and effect which this Indenture provides for the certificate of authentication of the Trustee. 
 SECTION 613.
Preferential Collection of Claims Against Company. 
 If and when the Trustee shall be or become a creditor of the Company (or any other
obligor upon the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 

SECTION 614. Appointment of Authenticating Agent. 

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 exchange, registration of transfer or partial redemption thereof or pursuant to Section 306, and Securities so authenticated shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate
of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each
Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws 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 

  
 39 

 
or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue
to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 

An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time
terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall mail written notice of such appointment by first-class
mail, postage prepaid, to all Holders of Securities of the series with respect to which such Authenticating Agent will serve, as their names and addresses appear in the Security Register. Any successor Authenticating Agent upon acceptance of its
appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible
under the provisions of this Section. 
 The Trustee agrees to pay to each Authenticating Agent 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 the provisions of Section 607. 

If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have endorsed
thereon, in addition to 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. 

MORGAN GUARANTY TRUST COMPANY 

OF NEW YORK, As Trustee 
  

			
	
		
	By	 	 
		 	As Authenticating Agent

  

			
	
		
	By	 	 
		 	Authorized Officer

  
 40 

 ARTICLE SEVEN 

HOLDERS’ LISTS 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 

(1) semi-annually, not later than 15 days after the Regular Record Date for each series of Securities, a list, in such form as
the Trustee may reasonably require, of the names and addresses of the Holders of Securities as of such Regular Record Date, or if there is no Regular Record Date for interest for such series of Securities, semi-annually, upon such dates as are set
forth in the Board Resolution or indenture supplemental hereto authorizing such series, and 
 (2) at such other times as the
Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 

provided, however, that, so long as the Trustee is the Security Registrar, no such list shall be required to be furnished. 

SECTION 702. Preservation of Information; Communications to Holders. 

(a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Securities
(i) contained in the most recent list furnished to the Trustee for each series as provided in Section 701 and (ii) received by the Trustee for each series in the capacity of Security Registrar if the Trustee is then acting in such
capacity. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list so furnished. 
 (b)
The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

(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 any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 

SECTION 703. Reports by Trustee. 
 (a) The
Trustee shall transmit to Holders of Securities, as their names and addresses appear in the Security Register, such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the
times and in the manner provided pursuant thereto. 

  
 41 

 (b) A copy of each such report shall, at the time of such transmission to such Holders, be filed
by the Trustee with each stock 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 stock exchange. 

SECTION 704. Reports by Company. 
 The Company
shall file with the Trustee and the Commission, and transmit to Holders, such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trustee Indenture Act at the times and in the manner provided
pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 shall be filed with the Trustee within 15 days after
the same is so required to be filed with 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 Person or convey, 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 convey, 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 Person or convey, transfer or lease its properties and
assets substantially as an entirety to any Person, the Person 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, partnership or trust, shall be organized and validly 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 any premium and interest on all the Securities and the performance or observance 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 and treating any indebtedness which becomes an obligation of the Company or a Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no 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 conveyance, transfer or lease, properties or assets of the
Company would become subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be permitted by this Indenture, the Company or such successor 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 

  
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 (4) the Company has delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all
conditions precedent herein provided for relating to such transaction have been complied with. 
 SECTION 802. Successor Substituted. 

Upon any consolidation of the Company with, or merger of the Company into, any other Person or any conveyance, transfer or lease of the
properties and assets of the Company substantially as an entirety in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall
succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein, and thereafter, except in the case of a lease, the
predecessor Person 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 Person 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 to permit or facilitate the issuance of Securities in uncertificated form; or 

  
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 (5) to add to, change or eliminate any of the provisions of this Indenture in
respect of one or more series of Securities, provided that any such addition, change or elimination (i) shall neither (A) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the
benefit of such provision nor (B) modify the rights of the Holder of any such Security with respect to such provision or (ii) shall become effective only when there is no such Security Outstanding; or 

(6) to secure the Securities pursuant to the requirements of Section 1008 or otherwise; or 

(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 that such action pursuant to this Clause (9) 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 66 2/3% 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 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 

  
 44 

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

  
 45 

 SECTION 906. Reference in Securities to Supplemental Indentures. 

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

ARTICLE TEN 
 COVENANTS 

SECTION 1001. Payment of Principal, Premium and Interest. 

The Company covenants and agrees for the benefit of each series of securities that it will duly and punctually pay the principal of and any
premium and interest 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, 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 or any premium or interest 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 any premium and interest so becoming due until
such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

  
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 Whenever the Company shall have one or more Paying Agents for any series of Securities, it will,
prior to each due date of the principal of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such
Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 
 The Company will cause each
Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will
(i) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (ii) during the continuance of any default by the Company (or any other obligor upon the Securities of that series) in the making of any
payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of that series. 

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 or any
premium or interest on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request (including interest income accrued on such
funds to which the Company is otherwise entitled), 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, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the
Company. 
 SECTION 1004. Statement by Officers as to Default. 

The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof, an
Officers’ Certificate, stating whether or not to the best knowledge of the signers thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any
period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

  
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 SECTION 1005. Existence. 

Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights
(charter and statutory) and franchises; provided, however, that the Company shall not be required to preserve any such right or franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct
of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders. 
 SECTION 1006. 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 of 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 1007. 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 1008. Limitations on Liens. 

If the terms of a particular series of Securities so provide as contemplated by Section 301(12), so long as any Securities of such series
remain outstanding, the Company will not itself, and will not permit any Subsidiary to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become liable for or suffer to exist any Debt secured by a Lien on (i) any
Principal Property of the Company or of any Subsidiary or (ii) any shares of capital stock or Debt of any Subsidiary (which Debt is then held by the Company or any Subsidiary), without making effective provision whereby the Securities of such
series Outstanding hereunder shall be secured equally and ratably with such secured Debt for so long as such secured Debt shall be so secured, unless immediately thereafter, after giving effect thereto, the aggregate amount of all such secured Debt
plus all Attributable Debt of the Company and its Subsidiaries in respect of Sale and Leaseback Transactions (as defined in Section 1009, but excluding leases exempt from the prohibition of Section 1009 by Clauses (2) through
(6) thereof) would not 

  
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exceed 10% of Consolidated Net Tangible Assets; provided, however, that this Section shall not apply to, and there shall be excluded from secured Debt in any computation under this Section, Debt
secured by: 
 (1) Liens on, and limited to, property of or shares of capital stock or Debt of any corporation existing at
the date hereof or at the time such corporation becomes a Subsidiary (unless such Liens were created in contemplation of such corporation becoming a Subsidiary); 

(2) Liens in favor of the Company or any Wholly-owned Subsidiary; 

(3) Liens in favor of any governmental body to secure progress, advance or other payments pursuant to any contract or provision
of any statute; 
 (4) (i) if made in the ordinary course of business, any Lien as security for the performance of any
contract or undertaking not directly or indirectly in connection with the borrowing of money, deferred purchase price of property or services, an advance of moneys or the securing of Debt, (ii) any Lien with any governmental agency required or
permitted to qualify the Company or any Subsidiary to conduct business, to maintain self-insurance or to obtain the benefits of any law pertaining to workmen’s compensation, employment insurance, old age pensions, social security or similar
matters, (iii) any mechanics Liens, landlord Liens or statutory Liens securing obligations incurred in the ordinary course of business not overdue or being contested in good faith by appropriate proceedings and not incurred directly or
indirectly in connection with the borrowing of money, deferred purchase price of property or services or an advance of moneys, or (iv) easements, exceptions, reservations or other similar encumbrances on real property that do not materially
interfere with the operation of such property or impair the value of such property for the purposes for which such property is or may reasonably be expected to be used by the Company or its Subsidiaries; 

(5) Liens for taxes, assessments or governmental charges or levies if such taxes, assessments, governmental charges or levies
shall not at the time be due and payable, or if the same thereafter can be paid without penalty, or if the same are being contested in good faith by appropriate proceedings; 

(6) Liens created by or resulting from any litigation or legal proceeding which at the time is currently being contested in
good faith by appropriate proceedings; Liens arising out of judgments or awards as to which the time for prosecuting an appeal or proceeding for review has not expired, or Liens arising out of individual final judgments or awards in amounts of less
than $100,000, provided that the aggregate amount of all such individual final judgments or awards in amounts of less than $100,000 at any one time shall not exceed $1,000,000; 

(7) Liens on, and limited to, property (including leasehold estates) or shares of capital stock or Debt, existing at the time
of acquisition thereof (including acquisition through merger or consolidation) or to secure the payment of all or any part of the purchase price thereof or the cost of construction thereon or to secure any Debt incurred prior to, at the time of, or
within 360 days after the latest of the acquisition, the completion of construction or the commencement of full operation of such property for the purpose of financing all or any part of the purchase price thereof or such construction thereon; 

 

  
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 (8) Liens securing obligations issued by a state, territory or possession of the
United States, or any political subdivision of any of the foregoing or the District of Columbia, to finance the acquisition or construction or development of property, and on which the interest is not, in the opinion of tax counsel of recognized
standing or in accordance with a ruling issued by the Internal Revenue Service, includible (in whole or in part) in gross income of the holder by reason of Section 103(a) (1) of the Internal Revenue Code of 1986, as amended (or any successor to such
provision) as in effect at the time of the issuance of such obligations; 
 (9) Liens created in connection with a project
financed with, and created to secure, a Nonrecourse Obligation; or 
 (10) any extension, renewal or replacement (or
successive extensions, renewals or replacements), as a whole or in part, of any Lien referred to in the foregoing Clauses (1) through (9), to the extent the Debt secured by such Lien is not increased from the amount originally so secured,
provided that such extension, renewal or replacement Lien shall be limited to all or a part of the same property or shares of capital stock or Debt that secured the Lien extended, renewed or replaced (plus improvements on such property). 

SECTION 1009. Limitations on Sale and Leaseback Transactions. 

If the terms of a particular series of Securities so provide as contemplated by Section 301(12), so long as any Securities of such series
remain Outstanding, except as hereinafter provided, the Company will not, and will not permit any Subsidiary to, enter into any transaction with any bank, insurance company or other lender or investor, or to which any such bank, company, lender or
investor is a party, providing for the leasing by the Company or a Subsidiary of any Principal Property which has been or is to be sold or transferred more than 180 days after the latest of the acquisition, completion of construction or commencement
of full operation by the Company or a Subsidiary to such bank, company, lender or investor, or to any Person to whom funds have been or are to be advanced by such bank, company, lender or investor on the security of such Principal Property (herein
referred to as a “Sale and Leaseback Transaction”); provided, however, that this covenant shall not apply to any Sale and Leaseback Transaction if: 

(1) the Company or such Subsidiary could create Debt secured by a Lien pursuant to Section 1008, excluding from secured Debt in
any computation under that Section Debt secured by Liens of the type described in Clauses (1) through (10.) thereof, on the Principal Property to be leased in an amount equal to the Attributable Debt with respect to such Sale and Leaseback
Transaction without equally and ratably securing the Securities, or 
 (2) the Company or a Subsidiary, within 180 days after
the sale or transfer shall have been made by the Company or by a Subsidiary, applies an amount equal to the greater of the net proceeds from the sale of the Principal Property leased pursuant to such arrangement or the fair market value of the
Principal Property so leased at the time of entering into such arrangement (as determined in any manner approved by the Board of Directors) to either (x) the retirement of Funded Debt of the Company (other than Funded Debt subordinated to the
Securities) or a Subsidiary; provided, however, that notwithstanding the foregoing, no retirement referred to in this Clause (2) may be effected by payment of maturity or pursuant to any mandatory sinking fund payment or

  
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any mandatory prepayment provision, or (y) purchase of other property which will constitute Principal Property of the Company or its Subsidiaries having a fair market value, in the opinion
of the Board of Directors of the Company, at least equal to the fair market value of the Principal Property leased in such sale and leaseback transaction, or 

(3) the lease in such Sale and Leaseback Transaction is for a period, including renewals, of no more than three years, or 

(4) the lease in such sale and leaseback transaction secures or relates to obligations issued by a state, territory or
possession of the United States, or any political subdivision of any of the foregoing, or the District of Columbia, to finance the acquisition or construction of property, and on which the interest is not, in the opinion of tax counsel of recognized
standing or in accordance with a ruling issued by the Internal Revenue Service, includible (in whole or in part) in gross income of the holder by reason of Section 103 (a) (1) of the Internal Revenue Code of 1986, as amended (or any successor
to such provision) as in effect at the time of the issuance of such obligations, or 
 (5) the lease payment obligation is
created in connection with a project financed with, and such obligation constitutes, a Nonrecourse Obligation, or 
 (6) such
arrangement is between the Company and a Wholly-owned Subsidiary or between Wholly-owned Subsidiaries. 
 SECTION 1010. Waiver of Certain Covenants. 

The Company may omit in any particular instance to comply with any term, provision or condition set forth in Sections 1008 and 1009, with
respect to the Securities of any series if before the time for such compliance the Holders of at least 66 2/3% 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. 

  
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 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 with the same tenor, 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, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on
such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 

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

If less than all the Securities of any series (unless all of the Securities of such series and of a specified tenor are to be redeemed) 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. If less than all of the Securities of such series and of a specified tenor 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 and specified tenor not previously called for redemption in accordance with the preceding sentence. Unless
otherwise provided in the terms of a particular series of Securities, the portions of the principal of Securities so selected for partial redemption shall be equal to the minimum authorized denomination of the Securities of such series, or an
integral multiple thereof, and the principal amount which remains outstanding shall not be less than the minimum authorized denomination for Securities of such 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.

  
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 SECTION 1104. Notice of Redemption. 

Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption
Date, unless a shorter period is specified in the Securities to-be redeemed, to each Holder of Securities to be redeemed at his address appearing in the Security Register. 

Any notice that is mailed to the Holder of any Securities in the manner herein provided shall be conclusively presumed to have been duly
given, whether or not such Holder receives the notice. 
 All notices of redemption shall state: 

(1) the Redemption Date, 

(2) the Redemption Price and the amount of accrued interest, if any, to be paid, 

(3) if less than all the Outstanding Securities of any series are to be redeemed, the identification (and, in the case of
partial redemption, the principal amounts) of the particular Securities to be redeemed, 
 (4) in case any Security is to be
redeemed in part only, the notice which relates to such Security shall state that on and after the Redemption Date, upon surrender of such Security, the Holder of such Security will receive, without charge, a new Security or Securities of authorized
denominations for the principal amount thereof remaining unredeemed, 
 (5) that on the Redemption Date the Redemption Price,
and accrued interest, if any, will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date, 

(6) the place or places where such Securities are to be surrendered for payment of the Redemption Price and the amount of
accrued interest, if any, to be paid, and 
 (7) 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 and shall be irrevocable. 
 SECTION 1105. Deposit of Redemption Price. 

On or 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 accrued interest on, all the Securities or portions thereof that are to be redeemed on that date. 

  
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 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 unless otherwise specified as contemplated by
Section 301, installments of interest on Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of
business on the Regular Record Dates according to their terms and the provisions of Section 307. 
 If any Security called for
redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 

SECTION 1107. Securities Redeemed in Part. 
 Any
Security that 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, with the same tenor, 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. 

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

  
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 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series to be made
pursuant to the terms of such Securities as provided for by the terms of such series (1) deliver outstanding Securities of such series (other than any of such Securities previously called for redemption or any of such Securities in respect of
which cash shall have been released to the Company) and (2) apply as a credit Securities of such series that have been redeemed either at the election of the Company pursuant to the terms of such series of Securities or through the application
of permitted optional sinking fund payments pursuant to the terms of such Securities; provided that such series of Securities has 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, that 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 30 days before each such sinking fund payment date,
the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 1103 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the
manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107. 

ARTICLE THIRTEEN 
 DEFEASANCE AND
COVENANT DEFEASANCE 
 SECTION 1301. Company’s Option to Effect Defeasance or Covenant Defeasance. 

The Company may elect, at its option by Board Resolution at any time, to have either Section 1302 or Section 1303 applied to the
Outstanding Securities of any series designated pursuant to Section 301 as being defeasible pursuant to this Article Thirteen (hereinafter called a “Defeasible Series”), upon compliance with the conditions set forth below in this
Article Thirteen. 

  
 55 

 SECTION 1302. Defeasance and Discharge. 

Upon the Company’s exercise of the option provided in Section 1301 to have this Section 1302 applied to the Outstanding
Securities of any Defeasible Series, the Company shall be deemed to have been discharged from its obligations with respect to the Outstanding Securities of such series as provided in this Section on and after the date the conditions set forth in
Section 1304 are satisfied (hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Outstanding Securities of
such series and to have satisfied all of its other obligations under the Securities of such series and this Indenture insofar as the Securities of such series are concerned (and the Trustee, at the expense of the Company, shall execute proper
instruments acknowledging the same), subject to the following which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of Securities of such series to receive, solely from the trust fund described in
Section 1304 and as more fully set forth in such Section, payments in respect of the principal of and any premium and interest on such Securities of such series when payments are due (2) the Company’s obligations with respect to the
Securities of such series under Sections 304, 305, 306, 1002 and 1003, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (4) this Article Thirteen. Subject to compliance with this Article Thirteen, the
Company may exercise its option provided in Section 1301 to have this Section 1302 applied to the Outstanding Securities of any Defeasible Series notwithstanding the prior exercise of its option provided in Section 1301 to have
Section 1303 applied to the Outstanding Securities of such series. 
 SECTION 1303. Covenant Defeasance. 

Upon the Company’s exercise of the option provided in Section 1301 to have this Section 1303 applied to the Outstanding
Securities of any Defeasible Series, (i) the Company shall be released from its obligations under Sections 1005 through 1009, inclusive, and (2) the occurrence of any event specified in Sections 501(4) (with respect to any of Sections 1005
through 1009, inclusive), 501(5) and 501(8) shall be deemed not to be or result in an Event of Default, in each case with respect to the Outstanding Securities of such series as provided in this Section on and after the date the conditions set forth
in Section 1304 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that the Company may omit to comply with and shall have no liability in respect of any term, condition or
limitation set forth in any such specified Section (to the extent so specified in the case of Section 501(4)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such
Section to any other provision herein or in any other document, but the remainder of this Indenture and the Securities of such series shall be unaffected thereby. 

SECTION 1304. Conditions to Defeasance or Covenant Defeasance. 

The following shall be the conditions to application of either Section 1302 or Section 1303 to the Outstanding Securities of any
Defeasible Series: 
 (1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another
trustee that satisfies the requirements contemplated by Section 609 and agrees to comply with the provisions of this Article Thirteen applicable to it) as trust funds in trust for the purpose of making the following payments, specifically
pledged as security for, and dedicated solely to, the benefit of the Holders of Outstanding Securities of such series, (A) money in an amount, or (B) U.S. Government Obligations that through the scheduled payment of principal and interest
in respect thereof in accordance with their terms will provide, not later than one day 

  
 56 

 before the due date of any payment, money in an amount, or (C) a combination thereof, in
each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any
such other qualifying trustee) to pay and discharge each installment of principal (including mandatory sinking fund payments) of, and premium (not relating to optional redemption), if any, and interest on, the Outstanding Securities of such series
on the dates such installments of principal of, and premium (not relating to optional redemption), if any, or interest are due. 

(2) In the case of an election under Section 1302, the Company shall have delivered to the Trustee an Opinion of Counsel
stating that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date first set forth hereinabove, there has been a change in the applicable Federal income tax law, in
either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of the Outstanding Securities of such series will not recognize gain or loss for Federal income tax purposes as a result of the
deposit, Defeasance and discharge to be effected with respect to the Securities of such series and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit, Defeasance
and discharge were not to occur. 
 (3) In the case of an election under Section 1303, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of the Outstanding Securities of such series will not recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with
respect to the Securities of such series and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur. 

(4) The Company shall have delivered to the Trustee an Officer’s Certificate to the effect that the Securities of such
series, if then listed on any securities exchange, will not be delisted as a result of such deposit. 
 (5) No Event of
Default or event that (after notice or lapse of time or both) would become an Event of Default shall have occurred and be continuing at the time of such deposit or, with regard to any Event of Default or any such event specified in Sections 501 (6)
and (7), at any time on or prior to the 90th day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until after such 90th day). 

(6) Such Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting interest within the meaning of the
Trust Indenture Act (assuming all Securities are in default within the meaning of the such Act). 
 (7) Such Defeasance or
Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement or instrument to which the Company is a party or by which it is bound. 

  
 57 

 (8) The Company shall have delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 

(9) Such Defeasance or Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment
company within the meaning of the Investment Company Act of 1940, as amended, unless such trust shall be qualified under such Act or exempt from regulation thereunder. 

(10) Such deposit pursuant to such Defeasance or Covenant Defeasance will not result in a breach or violation of, or constitute
a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound; 
 SECTION 1305. Deposited
Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. 
 Subject to the provisions of the last paragraph
of Section 1003, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 1306, the Trustee and any such other trustee are
referred to collectively as the “Trustee”) pursuant to Section 1304 in respect of the Securities of any Defeasible Series shall be held in trust and applied by the Trustee, in accordance with the provisions of the Securities of such series
and this Indenture, to the payment, either directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of Securities of such series, of all sums due and to become due
thereon in respect of principal and any premium and interest, but money so held in trust need not be segregated from other funds except to the extent required by law. 

The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government
Obligations deposited pursuant to Section 1304 or the principal and interest received in respect thereof other than any such tax, fee or other charge that by law is for the account of the Holders of Outstanding Securities. 

Anything in this Article Thirteen to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
Company Request any money or U.S. Government Obligations held by it as provided in Section 1304 with respect to Securities of any Defeasible Series that, in the opinion of a nationally recognized firm of independent public accountants expressed
in a written certification thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Defeasance or Covenant Defeasance with respect to the Securities of such series.

 SECTION 1306. Reinstatement. 
 If the
Trustee or the Paying Agent is unable to apply any money in accordance with this Article Thirteen with respect to the Securities of any series by reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Securities of such series shall be revived and reinstated as though no deposit had occurred pursuant to this Article Thirteen with respect to
Securities of such series until such time as the Trustee or Paying Agent 

  
 58 

 
is permitted to apply all money held in trust pursuant to Section 1305 with respect to Securities of such series in accordance with this Article Thirteen; provided, however, that if the Company
makes any payment of principal of or any premium or interest on any Security of such series following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of Securities of such series to receive such
payment from the money so held in trust. 
 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. 

 

			
	ALBERTSON’S, INC.
		
	By:	 	/S/ A. CRAIG OLSON
		 	Senior Vice President, Finance and Chief Financial Officer

  

			
	Attest:
		
		 	/S/ KAYE L. O’RIORDAN
		 	 Kaye L. O’Riordan
 Corporate
Secretary

  

			
	MORGAN GUARANTY TRUST COMPANY OF NEW YORK
		
	By:	 	/S/ M. CULHANE
		 	Vice President

  

			
	Attest:
		
		 	/S/ M. ELIZABETH PANUCCI
		 	Assistant Secretary

  
 59 

 STATE OF IDAHO                )

 COUNTY OF ADA                )
        SS: 
 On the 11th day of May, 1992, before me personally came A. Craig
Olson, to me known, who, being by me duly sworn, did depose and say that he is the Senior Vice President, Finance and Chief Financial Officer of ALBERTSON’S, INC., one of the corporations described in and which executed the foregoing
instrument; that he knows the seal of said corporation; that the seal affixed to said instrument 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/ LISA MOTT
		 	Notary Public

 [NOTARIAL SEAL] 

STATE OF NEW YORK
                )        SS: 

COUNTY OF NEW YORK             ) 

On the day of May, 1991, before me personally came, to me known, who, being by me duly sworn, did depose and say that he/she is a Vice
President of MORGAN GUARANTY TRUST COMPANY OF NEW YORK, one of the corporations described in and which executed the foregoing instrument; that he/she 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/she signed his/her name thereto by like authority. 
  

	
	
	/s/ PETER V. MURPHY
	Notary Public

 [NOTARIAL SEAL] 

 EX-4.2 

FORM OF FIXED RATE NOTE 
 EXHIBIT
4.2 
 [FORM OF FACE OF SECURITY] 

If this Security is an Original Issue Discount Security the following legend is applicable: 

FOR PURPOSES OF SECTIONS 1273 AND 1275 OF THE UNITED STATES INTERNAL REVENUE CODE, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT ON THIS SECURITY IS
        % OF ITS PRINCIPAL AMOUNT, THE ISSUE DATE IS                 , 19      AND THE
YIELD TO MATURITY IS         % [THE METHOD USED TO DETERMINE THE YIELD IS              AND THE AMOUNT OF ORIGINAL ISSUE DISCOUNT
APPLICABLE TO THE SHORT ACCRUAL PERIOD OF              19      TO
                    , 19          IS         %
OF THE PRINCIPAL AMOUNT OF THIS SECURITY] 
 If the registered owner of this Security is The Depositary Trust Company (the
“Depositary”) or a nominee of the Depositary, this Security is a Security in global form (a “Global Security”) and the following legends are applicable: 

THIS SECURITY IS IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO. UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, AND UNLESS ANY PAYMENT MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISED BY ANY PERSON IS WRONGFUL,
SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 R-      

CUSIP 
 ALBERTSON’S, INC. 

Note due 
 ALBERTSON’S,
INC., a corporation duly organized and existing under the laws of the State of Delaware (hereinafter called the “Company”, which term includes any successors under the Indenture, as hereinafter defined), for value received, hereby promises
to pay to                     , or registered assigns, the principal sum of
                                        
($                    ) on             ,
        , and to pay interest thereon subject to the terms of the Indenture, from             , 199    , or
from the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, whichever is later, until payment of the principal hereof has been made or duly provided for. Subject to the terms of the
Indenture, interest shall be payable [semiannually] on              and                 
of each year (each an “Interest Payment Date”) commencing on                 ,          and ending when
payment of the principal hereof has been made or duly provided for, at a rate of
                                         
            (        %) per annum computed on the basis of a 360-day year of twelve 30-day months. The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date will, as provided in the 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                 ] (as the case
may be), whether or not a Business Day, immediately 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 not less than ten days prior to such Special Record Date, or be paid as otherwise provided in the Indenture. Payment of the principal of [(and premium, if any,] and interest on this Security will be made at [the office or
agency of the Company maintained for that purpose in             , in 

 
such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts] [the option of the Holder at [the Corporate Trust Office
of the Trustee] or such other office or agency of the Company as may be designated by it for such purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment shall be
legal tender for the payment of public or private debts [; provided, however, that at the option of the Company payment of interest may be made by check mailed 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. 
 This Security shall not be valid or become
obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture. 

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

 

					
		 	ALBERTSON’S, INC.
			
	Dated:	 	By:	 	  

		 		 	     Senior Vice President, Finance

    and Chief Financial Officer

			
	[SEAL]	 	By:	 	  

		 		 	Corporate Secretary

 TRUSTEE’S CERTIFICATION OF AUTHENTICATION 

transfer in immediately available funds to such account as may have been appropriately designated to the Paying Agent by such Person in writing not later than
such relevant Regular or Special Record Date.] Each payment of principal, premium, if any, and interest, if any, will be made in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of
public and private debts.] 
 [The Securities of this series are subject to redemption [on
                 in any year commencing with the year              and ending with the year
         through the operation of the sinking fund for this series at a Redemption Price equal to [insert formula for determining the amount] [and] [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,] [and (        )] under the circumstances described in the next [two] succeeding paragraph[s] at a Redemption Price
equal to [insert formula for determining the amount] [, together in the case of any such redemption [(whether through the operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date: provided, however, that installments
of interest on this Security whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holder of this Security, 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]. 
 [The Securities of this series are subject to redemption (i) on
                     in any year commencing with the year
                 and ending with the year              through the 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
                , 19    ], 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: 
  

							
	 YEAR
	 	 REDEMPTION PRICE

FOR REDEMPTION
 THROUGH OPERATION

OF THE
 SINKING FUND
	 	 YEAR
	 	 REDEMPTION PRICE

FOR REDEMPTION
 OTHERWISE THAN

THROUGH OPERATION
 OF SINKING
FUND

		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	

 and thereafter at a Redemption Price equal to     % of the principal amount [and (3) under the
circumstances described in the next [two] paragraph[s] at a Redemption Price equal to [insert formula for determining the amount] [, together in the case of any such redemption [(whether through the operation of the sinking fund or otherwise)] with
accrued interest to the Redemption Date: provided, however, that installments of interest on this Security whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holder of this Security, 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)] above 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]]. 

Notice of redemption will be given by mail to Holders of Securities, not less than 30 nor more than 60 days prior to the date fixed for
redemption, all as provided in the Indenture. 

 In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion thereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

If an Event of Default with respect to this Security shall occur and be continuing, the entire principal amount hereof may be declared due and
payable in the manner, with the effect and subject to the conditions provided in the Indenture. 
 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 issued under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of not less than 66 2/3% in aggregate principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also permits the amendment thereof without the consent of the
Holders of any of the Securities to, among other things, cure any ambiguity or omission or correct or supplement any provision therein that may be inconsistent with any other provision therein, or take certain other actions, provided that such
actions will not adversely affect the interests of the Holders of Securities of any series in any material respect. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of Securities
of any series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture and the consequences thereof. 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 therefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 
 Each of the defeasance and covenant defeasance provisions of Article Thirteen of the Indenture shall [not] apply
to this series of Securities. 
 Each of the covenant provisions of Sections 1008 and 1009 of the Indenture shall [not] apply to this series
of Securities. 
 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, [premium, if any,] and interest, if any, on this Security at the time, 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 on the
Securities Register upon surrender of this Security for registration of transfer at the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, 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 or her attorney duly authorized in writing, and thereupon one or more new Securities of authorized denominations and for
the same aggregate principal amount will be issued to the designated transferee or transferees. As provided in the Indenture and subject to certain limitations therein set forth, this Security is exchangeable for the same aggregate principal of
Securities of authorized denominations, 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 the payment of a sum sufficient to cover any tax
or other governmental charge payable in connection therewith. 
 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 may be overdue, and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be affected by
any notice to the contrary. 
 [In the event that (i) DTC, or any successor Depositary, notifies the Company and the Trustee in writing
that it is unwilling or unable to continue as Depositary for this Global Security or if at any time DTC, or any successor Depositary, ceases to be a clearing corporation registered under the Exchange Act, and a successor 

 Depositary is not appointed by the Company within 90 days, (ii) the Company in its sole
discretion determines that the Notes shall no longer be represented by this Global Security and executes and delivers to the Trustee a Company Order that this Global Security shall be exchangeable or (iii) there shall have occurred and be
continuing an Event of Default or an event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default with respect to the Notes represented by this Global Security, then the Company will issue Notes in
definitive form in exchange for this Global Security. In such event, an owner of a beneficial interest in this Global Security will be entitled to have Notes equal in aggregate principal amount to such beneficial interest registered in its name and
will be entitled to physical delivery of such Notes in definitive form. Notes so issued in definitive form will be issued as registered Notes without coupons in denominations of $1,000 and integral multiples thereof.] 

[Notwithstanding any provision herein to the contrary, every Note authenticated and delivered upon registration of transfer of, or in exchange
for or in lieu of, this Global Security other than pursuant to clauses (i), (ii) or (iii) of the preceding paragraph, shall be authenticated and delivered in the form of, and shall be, a Global Security.] 

As provided in the Indenture, this Security shall for all purposes be governed by and construed in accordance with the laws of the State of
New York. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture
unless otherwise defined herein. 
 FOR VALUE RECEIVED the undersigned hereby sells, 

assigns and transfers unto 
 PLEASE INSERT SOCIAL
SECURITY OR OTHER 
   IDENTIFYING NUMBER OF ASSIGNEE 
  

					
	 	  		  	
			
	 	  		  	
			
	 	  		  	

 (Please print or typewrite name and address including postal zip code of assignee) 

					
	 	  		  	

 the within Global Note of ALBERTSON’S, INC. and all rights hereunder, hereby irrevocably constituting and appointing 

                          
                           attorney to transfer said Global Note on the books of the within-named Company, with full
power of substitution in the premises. 
 Dated:
                                         
        
  

			
	 SIGN HERE
	 	  

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

 EX-4.3 

FORM OF FIXED RATE MEDIUM-TERM NOTE 

EXHIBIT 4.3 
 [Form of Fixed Rate
Medium-Term Note] 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND
ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

			
	 REGISTERED

REGISTERED

NO.

$
	 	ALBERTSON’S, INC.
	
	 Medium-Term Note

Due from 9 Months to 30 Years from Date

of Issue
 (Fixed Rate)

		
	 CUSIP
	 	
		
	 Original Issue Date:

Stated Maturity:
	 	 Interest Rate:

		
	 Interest Payment Date (s):

Regular Redemption
	 	 Regular Record Date (s):

		
	 / / Yes / / No
	 	
		
	 Initial Redemption Date:

Premium Reduction Amount:
	 	 Initial Redemption Price:

		 	 Make-Whole Premium
 Redemption / / Yes / /
No

 ALBERTSON’S, INC. (the “Company”, which term includes any successor under the Indenture
referred to hereinafter), a corporation duly organized and existing under the laws of the State of Delaware, for value received, hereby promises to pay to             
                                         
           , or registered assigns, the principal sum of
                                         
                        DOLLARS on the Stated Maturity, and to pay interest thereon, if any, at the rate per annum shown above,
computed on the basis of a 360-day year of twelve 30-day months, until the principal hereof has been paid or made available for payment. Except as provided in the Indenture, the Company will pay interest, if any, on the Interest Payment Dates
specified above, commencing with the first Interest Payment Date following the Original Issue Date and ending at Maturity; provided, however, that any payment of principal of, premium, if any, or interest, if any, on this Global Note to be made on
an Interest Payment Date or at Maturity which is not a Business Day (as hereinafter defined) will be made on the next succeeding Business Day. Interest on this Global Note, if any, will accrue from the most recent Interest Payment Date to which
interest has been paid or duly provided for, or, if no interest has been paid or duly provided for, from the Original Issue Date, to but excluding the next succeeding Interest Payment Date, until the principal hereof has been paid or made available
for payment. The interest so payable, and punctually paid or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Global Note (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date designated on the face hereof (whether or not a Business Day) next preceding such Interest Payment Date; provided, however, that interest payable at Maturity will be payable to the
Person to whom the principal hereof shall be payable; and provided, further, that if this Global Note is originally issued between a Regular Record Date and an Interest Payment Date, then interest will be payable to the Person in whose name this
Global Note (or one or more Predecessor 

 
Securities) is registered on the next succeeding Regular Record Date, and will be so paid on the next succeeding Interest Payment Date. Any such interest which is payable, but is not punctually
paid or duly provided for on any Interest Payment Date, shall forthwith cease to be payable to the registered Holder on such Regular Record Date, and may be paid to the Person in whose name this Global Note (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 the Holder of this Global Note not less than ten days prior to such Special Record
Date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. So long as this Global Note is a Global Security held by a Depositary or a nominee of such Depositary, then the principal of, premium, if any,
and interest, if any, on this Global Note on any Interest Payment Date and at Maturity shall be payable in immediately available funds to such Depositary or a nominee of such Depositary. If at any time this Global Note is no longer a Global Security
held by a Depositary or its nominee, then the principal of, premium, if any, and interest, if any, on this Global Note at Maturity shall be paid in immediately available funds to the Holder upon surrender of this Global Note at the office or agency
maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, or at such other place or places as may be designated pursuant to the Indenture, provided that this Global Note is surrendered at the office or agency
described above in time for the Paying Agent to make such payments in such funds in accordance with its normal procedures. If at any time this Global Note is no longer a Global Security held by a Depository or its nominee, then the payment of
interest, if any, on this Global Note due on any Interest Payment Date other than at Maturity shall be made by check mailed to the address of the Person entitled thereto as it appears in the Security Register on the relevant Regular or Special
Record Date, as the case may be, or by wire transfer in immediately available funds to such account as may have been appropriately designated to the Paying Agent by such Person in writing not later than such relevant Regular or Special Record Date,
as the case may be. Each payment of principal of, premium, if any, and interest, if any, on this Global Note shall be made in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of
public and private debts. 
 This Global Note is one of the series of Debt Securities designated under the Indenture as Medium-Term Notes
(the “Notes”). 
 This Global Note is one of a duly authorized issue of unsecured and unsubordinated debentures, notes or other
evidences of senior indebtedness of the Company (herein referred to as the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of May 1, 1992 (herein referred to as the “Indenture”),
between the Company and Morgan Guaranty Trust Company of New York (herein referred to as 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 description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. The Notes will be issuable in an aggregate principal amount of $
                                    , which amount may be
increased if duly authorized by the Company. The Notes may have different Original Issue Dates and Interest Payment Dates, mature at different times and bear interest at different rates and, as provided below, be subject to different redemption
provisions, and may differ in such other respects as is provided herein or as may be provided pursuant to the terms of the Indenture. The Notes will rank on a parity with all other senior unsecured indebtedness of the Company from time to time
outstanding. 
 Each of the defeasance and covenant defeasance provisions of Article Thirteen of the Indenture shall [not] apply to this
Global Note. 
 Each of the covenant provisions of Sections 1008 and 1009 of the Indenture shall [not] apply to this Global Note. 

This Global Note is [not] subject to payment from a sinking fund. 

If so designated on the face of this Global Note, this Global Note may be redeemed by the Company by Regular Redemption or Make-Whole Premium
Redemption on any date on and after the Initial Redemption Date indicated on the face hereof. If neither Regular Redemption nor Make-Whole Premium Redemption is designated on the face hereof, then this Global Note may not be redeemed prior to its
Stated Maturity. 

  
 - 2 - 

 Regular Redemption. If so designated on the face of this Global Note that it is subject to
Regular Redemption, then on and after the Initial Redemption Date, this Global Note may be redeemed at the option of the Company in whole or in part in increments of $1,000 (provided that any remaining principal amount of this Global Note shall be
at least $100,000) at the Redemption Price, together with accrued interest to the Redemption Date, on notice given not more than 60 nor less than 30 days prior to the Redemption Date. The Redemption Price shall be initially equal to the Initial
Redemption Price set forth on the face hereof on the Initial Redemption Date (plus accrued interest to the Initial Redemption Date), and shall decline (but not below par) on each anniversary of the Initial Redemption Date by the Premium Reduction
Amount set forth on the face hereof until the Redemption Price is equal to 100% of such principal amount, plus accrued interest to the date this Global Note is redeemed (the “Redemption Date”). If less than all of this Global Note is to be
redeemed, the beneficial interests in this Global Note to be redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and appropriate. In the event of redemption of this Global Note in part only, a new Global Note for
the unredeemed portion hereof shall be issued in the name of the Holder hereof upon surrender hereof. 
 Make-Whole Premium Redemption. If
so designated on the face of this Global Note, this Global Note may be redeemed at the option of the Company, as a whole or from time to time in part, Upon not less than 30 nor more than 60 days’ notice mailed to the Holder at his address as it
appears in the Security Register, on any date prior to its Stated Maturity at a Redemption Price equal to 100% of the principal amount hereof; plus accrued interest to the Redemption Date (subject to the right of the Holder of record on the relevant
Regular Record Date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date), plus a Make-Whole Premium, if any. 

The amount of the “Make-Whole Premium” in respect of the principal amount of this Global Note will be the excess, if any, of
(i) the sum of the present values, as of the Redemption Date of this Global Note, of (A) the respective interest payments (exclusive of the amount of accrued interest to the Redemption Date) on this Global Note that, but for such
redemption, would have been payable on their respective Interest Payment Dates after such Redemption Date, and (B) the payment of such principal amount that, but for such redemption, would have been payable on the Stated Maturity of this Global
Note over (ii) the amount of such principal to be redeemed. Such present values will be determined in accordance with generally accepted principles of financial analysis by discounting the amounts of such payments of interest and principal from
their respective Stated Maturities to such Redemption Date at a discount rate equal to the Treasury Yield. 
 The “Treasury Yield”
in respect of this Global Note shall be determined as of the date on which notice of redemption of this Global Note is sent to the Holder hereof by reference to the most recent Federal Reserve Statistical Release H.15 (519) (or successor
publication) which has become publicly available not more than two Business Days prior to such date (or, if such Statistical Release (or successor publication) is no longer published or no longer contains the applicable data, to the most recently
published issue of The Wall Street Journal (Eastern Edition) published not more than two Business Days prior to such date that contains such data or, if The Wall Street Journal (Eastern Edition) is no longer published or no longer contains such
data, to any publicly available source of similar market data), and shall be the most recent weekly average yield on actively traded U.S. Treasury securities adjusted to a constant maturity equal to the Remaining Life of this Global Note and, if
applicable, converted to a bond equivalent yield basis as described below. The “Remaining Life of this Global Note” shall equal the number of years from the Redemption Date to the Stated Maturity of this Global Note; provided that if the
Remaining Life of this Global Note is not equal to the constant maturity of a U.S. Treasury security for which a weekly average yield is specified in the applicable source, then the Remaining Life of this Global Note shall be rounded to the nearest
one-twelfth of one year and the Treasury Yield shall be obtained by linear interpolation (computed to the fifth decimal place (one thousandth of a percentage point) and then rounded to the fourth decimal place (one hundredth of a percentage point)),
after rounding to the nearest one-twelfth of one year, from the weekly average yields of (a) the actively traded U.S. Treasury security with a maturity closest to and less than the Remaining Life of this Global Note and (b) the actively
traded U.S. Treasury security with a maturity closest to and greater than the Remaining Life of this Global Note, except that if the Remaining Life of this Global Note is less than three months, the weekly average yield on actively traded U.S.
Treasury securities adjusted to a constant maturity of three months shall be used. The Treasury Yield shall, if expressed on a yield basis other than that equivalent to a bond equivalent yield basis, be converted to a bond equivalent yield basis and
shall be computed to the fifth decimal place (one thousandth of a percentage point) and then rounded to the fourth decimal place (one hundredth of a percentage point). 

If an Event of Default with respect to this Global Note shall occur and be continuing, the entire principal amount of this Global Note may be
declared due and payable in the manner, with the effect and subject to the conditions provided in the Indenture. 

  
 - 3 - 

 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 issued under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than 66 2/3%
in aggregate principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also permits the amendment thereof without the consent of the Holders of any of the Securities to, among other things, cure any
ambiguity or omission or correct or supplement any provision therein that may be inconsistent with any other provision therein, or take certain other actions, provided that such actions will not adversely affect the interests of the Holders of
Securities of any series in any material respect. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of Securities of any series at the time Outstanding, on behalf of the Holders
of all Securities of such series, to waive certain past defaults under the Indenture and the consequences thereof. Any such consent or waiver by the Holder of this Global Note shall be conclusive and binding upon such Holder and upon all future
Holders of this Global Note and of any Note 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 Global Note. 

No reference herein to the Indenture and no provision of this Global Note or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest, if any, on this Global Note at the time, 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 Global Note is registrable on the
Security Register upon surrender of this Global Note for registration of transfer at the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, 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 or her attorney duly authorized in writing, and thereupon one or more new Global Notes of authorized denominations and
for the same aggregate principal amount will be issued to the designated transferee or transferees. As provided in the Indenture and subject to certain limitations therein set forth, this Global Note is exchangeable for the same aggregate principal
of Global Notes of authorized denominations, 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 the payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith. 
 The Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Global Note is registered as the owner hereof for all purposes, whether or not this Global Note may be overdue, and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall
be affected by any notice to the contrary. 
 In the event that (i) DTC, or any successor Depositary, notifies the Company and the
Trustee in writing that it is unwilling or unable to continue as Depositary for this Global Note or if at any time DTC, or any successor Depositary, ceases to be a clearing corporation registered under the Exchange Act, and a successor Depositary is
not appointed by the Company within 90 days, (ii) the Company in its sole discretion determines that the Notes shall no longer be represented by this Global Note and executes and delivers to the Trustee a Company Order that this Global Note shall be
exchangeable or (iii) there shall have occurred and be continuing an Event of Default or an event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default with respect to the Notes represented by this
Global Note, then the Company will issue Notes in definitive form in exchange for this Global Note. Notes so issued in definitive form will be issued as registered Notes without coupons in denominations of $100,000 and integral multiples of $1,000
in excess thereof. 
 AS PROVIDED IN THE INDENTURE, THIS GLOBAL NOTE SHALL FOR ALL PURPOSES BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK. 
 All terms used in this Global Note which are defined in the Indenture shall have the meanings assigned
to them in the Indenture unless otherwise defined herein. 
 This Global Note shall not be valid or become obligatory for any purpose until
the Certificate of Authentication hereon shall have been signed by the Trustee under the Indenture. 
 WITNESS the seal of the Company and
the signatures of its duly authorized officers. 

  
 - 4 - 

 ALBERTSON’S, INC. 
  

					
	 Dated:
	 	By:	 	  

		 		 	     Senior Vice President, Finance

    and Chief Financial Officer

			
	 [SEAL]
	 	By:	 	  

		 		 	Corporate Secretary

 Trustee’s Certification of Authentication 

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

			
	First Trust of New York, N.A., as Trustee
		
	 By:
	 	 
		 	 Authorized Officer

  
 - 5 - 

 ASSIGNMENT 

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

PLEASE INSERT SOCIAL SECURITY OR OTHER 

    IDENTIFYING NUMBER OF ASSIGNEE: 
  

					
	 	  		  	
			
	 	  	 	  	 

 (Please print or typewrite name and address including 

postal zip code of assignee) 
 the within Global
Note of ALBERTSON’S, INC. and all rights hereunder, hereby irrevocably constituting and
appointing                                       
   attorney to transfer said Global Note on the books of the within-named Company, with full power of substitution in the premises. 
 Dated:
                                        

  

			
	 SIGN HERE
	 	  

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

 EX-4.4 

FORM OF FLOATING RATE NOTE 

EXHIBIT 4.4 
 [FORM OF FACE OF
SECURITY] 
 If this Security is an Original Issue Discount Security the following legend is applicable: 

FOR PURPOSES OF SECTIONS 1273 AND 1275 OF THE UNITED STATES INTERNAL REVENUE CODE, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT ON THIS SECURITY IS
        % OF ITS PRINCIPAL AMOUNT, THE ISSUE DATE IS                     ,
19     AND THE YIELD TO MATURITY IS         % [THE METHOD USED TO DETERMINE THE YIELD IS             AND THE
AMOUNT OF ORIGINAL ISSUE DISCOUNT APPLICABLE TO THE SHORT ACCRUAL PERIOD OF              19     TO
                    , 19         IS     % OF THE PRINCIPAL AMOUNT OF
THIS SECURITY] 
 If the registered owner of this Security is The Depositary Trust Company (the “Depositary”) or a nominee of the
Depositary, this Security is a Security in global form (a “Global Security”) and the following legends are applicable: 
 THIS
SECURITY IS IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO., OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, AND UNLESS ANY
PAYMENT MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY ANY PERSON IS WRONGFUL, SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

R-      
 CUSIP 

ALBERTSON’S, INC. 
 Note due

 ALBERTSON’S, INC. (the “Company”, which term includes any successor under the Indenture referred to hereinafter), a
corporation duly organized and existing under the laws of the State of Delaware, for value received, hereby promises to pay to             
                                         
               , or registered assigns, the principal sum of
                                         
        DOLLARS on the Stated Maturity, and to pay interest thereon, if any, at a rate per annum equal to the Initial Interest Rate until the first Interest Reset Date following the Original Issue Date, and
thereafter at a rate determined in accordance with [insert formulas to determine interest rate], until the principal hereof has been paid or made available for payment. Except as provided in the Indenture, the Company will pay interest, if any,
[monthly, quarterly, semiannually or annually], commencing with the first Interest Payment Date following the Original Issue Date and ending at Maturity; provided, however, that any payment of principal of, premium, if any, or interest, if any, on
this Security, to be made on an Interest Payment Date or at Maturity which is not a Business Day (as hereinafter defined) will be made on the next succeeding Business Day. Interest on this Security, if any, will accrue from the most recent Interest
Payment Date to which interest has been paid or duly provided for, or, if no interest has been paid or duly provided for, from the Original Issue Date until the principal hereof has been paid or made available for payment. The interest so payable,
and punctually paid or duly provided for on any Interest Payment Date will, as provided in the 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 15th
day (whether or not a Business Day) next preceding such Interest Payment Date (a “Regular Record Date”); provided, however, that interest payable at Maturity will be payable to the Person to whom the principal hereof shall be payable; and
provided, further, that if this Security is originally issued between a Regular Record Date and an Interest Payment Date, then interest will be payable to the Person in whose name this Security (or one or more Predecessor Securities) is registered
on the next succeeding Regular Record Date, and will be so paid on the next succeeding Interest Payment Date. Any such interest which 

 
is payable, but is not punctually paid or duly provided for on any Interest Payment Date, shall forthwith cease to be payable to the registered Holder on such Regular Record Date, and may
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 the Holder of this Security not less than ten days prior to such Special Record Date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. [So long as this Security is a Global Security held by
a Depositary or a nominee of such Depositary, then the principal of, premium, if any, and interest, if any, on this Security on any Interest Payment Date and at Maturity shall be paid in immediately available funds to such Depositary or a nominee of
such Depositary. If at any time this Security is no longer a Global Security held by a Depositary or its nominee, then the principal of, premium, if any, and interest, if any, on this Security at Maturity shall be paid in immediately available funds
to the Holder upon surrender of this Security at the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, or at such other place or places as may be designated pursuant to the Indenture,
provided that this Security is surrendered at the office or agency described above in time for the Paying Agent to make such payments in such funds in accordance with its normal procedures. If at any time this Security is no longer a Global Security
held by a Depository or its nominee, then the payment of interest, if any, on this Security due on any Interest Payment Date other than at Maturity shall be made by check mailed to the address of the Person entitled thereto as it appears on the
Security Register on the relevant Regular or Special Record Date, as the case may be, or by wire transfer in immediately available funds to such account as may have been appropriately designated to the Paying Agent by such Person in writing not
later than such relevant Regular or Special Record Date, as the case may be.] Each payment of principal of, premium, if any, and interest, if any, on this Security shall be made in such coin or currency of the United States of America as at the time
of payment shall be legal tender for the payment of public and private debts. 
 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. 

This Security shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by
the Trustee under the Indenture. 

  
 - 2 - 

 WITNESS THE SEAL OF THE COMPANY AND THE SIGNATURES OF ITS DULY AUTHORIZED OFFICERS.
ALBERTSON’S, INC. 
  

							
		 		 	ALBERTSON’S, INC.
				
	Dated:	 		 	By:	 	 
		 		 		 	 Senior Vice President, Finance
 and Chief
Financial Officer

  

							
				
	[SEAL]	 		 	By:	 	 
		 		 		 	Corporate Secretary

 TRUSTEE’S CERTIFICATION OF AUTHENTICATION 
  

			
	 THIS IS ONE OF THE SECURITIES OF THE SERIES DESIGNATED THEREIN REFERRED TO IN THE WITHIN-MENTIONED INDENTURE.

 
 FIRST TRUST OF NEW YORK, N.A.,

    AS TRUSTEE

		
	By:	 	 
		 	Authorized Officer

  
 - 3 - 

 [FORM OF REVERSE OF SECURITY] 

This Security is one of the series of Debt Securities designated under the Indenture as Medium-Term Notes (the “Notes”). 

This Security is one of a duly authorized issue of unsecured and unsubordinated debentures, notes or other evidences of senior indebtedness of
the Company (herein referred to as the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of May 1, 1992 (herein referred to as the “Indenture”), between the Company and Morgan Guaranty
Trust Company of New York (herein referred to as 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 description of the
respective rights, limitations of rights, obligations, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. The
Notes will be issuable in an aggregate principal amount of $                 which amount may be increased if duly authorized by the Company. The Notes may have
different Original Issue Dates and Interest Payment Dates, mature at different times and bear interest at different rates and, as provided below, be subject to different redemption provisions, and may differ in such other respects as is provided
herein or as may be provided pursuant to the terms of the Indenture. The Notes will rank on a parity with all other senior unsecured indebtedness of the Company from time to time outstanding. 

Commencing with the first Interest Reset Date specified on the face hereof following the Original Issue Date, the rate at which interest, if
any, is payable on this Security shall be adjusted daily, [weekly, monthly, quarterly, semiannually or annually], provided, however, that the interest rate in effect for the period from the Original Issue Date to the first Interest Reset Date shall
be [    %], and the interest rate in effect for the ten days immediately preceding the Stated Maturity or Redemption Date, if any, shall be that in effect on the tenth day preceding such Stated Maturity or Redemption Date,
if any. Each such adjusted rate shall be applicable on and after the Interest Reset Date to which it relates, to but not including the next succeeding Interest Reset Date or until the Stated Maturity, as the case may be. Subject to applicable
provisions of law and except as specified herein, on each Interest Reset Date, the rate of interest, if any, on this Security shall be the rate determined in accordance with the provisions of the applicable heading below. [Insert description of
floating rate indices applicable to the Securities.] 
 [This Global Security represents all of the Company’s
    % Notes due
                ,                 (hereinafter called the
“Notes”), which are a duly authorized issue of Securities under the Indenture limited in aggregate principal amount to $                 .] So long as
this Global Security shall represent all of the Notes, the principal of, premium, if any, and interest, if any, on this Global Security shall be paid in immediately available funds to DTC, or to such name or entity as is requested by an authorized
representative of DTC. If at any time the Notes are no longer represented by this Global Security and are issued in definitive form (“Certificated Notes”), then the principal of, premium, if any, and interest, if any, on each Certificated
Note at Maturity shall be paid in immediately available funds to the Holder upon surrender of such Certificated Note at the Corporate Trust Office of the Trustee in the Borough of Manhattan, The City of New York, or at such other place or places as
may be designated in the Indenture, provided that such Certificated Note is surrendered to the Trustee, acting as Paying Agent, in time for the Paying Agent to make such payments in such funds in accordance with its normal procedures. Payments of
interest with respect to Certificated Notes other than at Maturity shall be made by check mailed to the address of the Person entitled thereto as it appears on the Security Register on the relevant Regular or Special Record Date or by wire transfer
in immediately available funds to such account as may have been appropriately designated to the Paying Agent by such Person in writing not later than such relevant Regular or Special Record Date.] Each payment of principal, premium, if any, and
interest, if any, will be made in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts.] 

[The Securities of this series are subject to redemption [on             
in any year commencing with the year              and ending with the year              through the operation
of the sinking fund for this series at a Redemption Price equal to [insert formula for determining the amount] [and] [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,] [and
(         )] under the circumstances described in the next [two] succeeding paragraph[s] at a Redemption Price equal to [insert formula for determining the amount] [, together in the case of any such
redemption [(whether through the operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date: provided, however, that installments of interest on this Security whose Stated Maturity is on or prior to such Redemption
Date will be payable to the Holder of this Security, 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]. 

[The Securities of this series are subject to redemption (i) on
                 in any year commencing with the year              and ending with the year
             through the 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                  19     ] , 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: 
  

							
	 YEAR
	 	 REDEMPTION PRICE

FOR REDEMPTION

THROUGH OPERATION

OF THE

SINKING FUND
	 	 YEAR
	 	 REDEMPTION PRICE

FOR REDEMPTION

OTHERWISE THAN

THROUGH OPERATION

OF SINKING FUND

		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	

 and thereafter at a Redemption Price equal to     % of the principal amount [and (3) under the
circumstances described in the next [two] paragraph [s] at a Redemption Price equal to [insert formula for determining the amount] [,together in the case of any such redemption [(whether through the operation of the sinking fund or otherwise)] with
accrued interest to the Redemption Date: provided, however, that instalments of interest on this Security whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holder of this Security, 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)] above 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]]. 

 Notice of redemption will be given by mail to Holders of Securities, not less than 30 nor more
than 60 days prior to the date fixed for redemption, all as provided in the Indenture. 
 In the event of redemption of this Security in
part only, a new Security or Securities of this series and of like tenor for the unredeemed portion thereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

If an Event of Default with respect to this Security shall occur and be continuing, the entire principal amount hereof may be declared due and
payable in the manner, with the effect and subject to the conditions provided in the Indenture. 
 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 issued under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of not less than 66 2/3% in aggregate principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also permits the amendment thereof without the consent of the
Holders of any of the Securities to, among other things, cure any ambiguity or omission or correct or supplement any provision therein that may be inconsistent with any other provision therein, or take certain other actions, provided that such
actions will not adversely affect the interests of the Holders of Securities of any series in any material respect. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of Securities
of any series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture and the consequences thereof. 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 therefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 
 Each of the defeasance and covenant defeasance provisions of Article Thirteen of the Indenture shall [not] apply
to this series of Securities. 
 Each of the covenant provisions of Sections 1008 and 1009 of the Indenture shall [not] apply to this series
of Securities. 
 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, [premium, if any,] and interest, if any, on this Security at the time, 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 on the
Securities Register upon surrender of this Security for registration of transfer at the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, 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 or her attorney duly authorized in writing, and thereupon one or more new Securities of authorized denominations and for
the same aggregate principal amount will be issued to the designated transferee or transferees. As provided in the Indenture and subject to certain limitations therein set forth, this Security is exchangeable for the same aggregate principal of
Securities of authorized denominations, 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 the payment of a sum sufficient to cover any tax
or other governmental charge payable in connection therewith. 
 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 may be overdue, and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be affected by
any notice to the contrary. 

 [In the event that (i) DTC, or any successor Depositary, notifies the Company and the
Trustee in writing that it is unwilling or unable to continue as Depositary for this Global Security or if at any time DTC, or any successor Depositary, ceases to be a clearing corporation registered under the Exchange Act, and a successor
Depositary is not appointed by the Company within 90 days, (ii) the Company in its sole discretion determines that the Notes shall no longer be represented by this Global Security and executes and delivers to the Trustee a Company Order that this
Global Security shall be exchangeable or (iii) there shall have occurred and be continuing an Event of Default or an event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default with respect to the
Notes represented by this Global Security, then the Company will issue Notes in definitive form in exchange for this Global Security. In such event, an owner of a beneficial interest in this Global Security will be entitled to have Notes equal in
aggregate principal amount to such beneficial interest registered in its name and will be entitled to physical delivery of such Notes in definitive form. Notes so issued in definitive form will be issued as registered Notes without coupons in
denominations of $1,000 and integral multiples thereof.] 
 [Notwithstanding any provision herein to the contrary, every Note authenticated
and delivered upon registration of transfer of, or in exchange for or in lieu of, this Global Security other than pursuant to clauses (i), (ii) or (iii) of the preceding paragraph, shall be authenticated and delivered in the form of, and shall
be, a Global Security.] 
 As provided in the Indenture, this Security shall for all purposes be governed by and construed in accordance
with the laws of the State of New York. 

 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture unless otherwise defined herein. 
 FOR VALUE RECEIVED the undersigned hereby sells, 

assigns and transfers unto 
  

			
	 PLEASE INSERT SOCIAL SECURITY OR OTHER

  IDENTIFYING NUMBER OF ASSIGNEE
	  	
		
	
                   
                                         
                                         
           
	  	
		
	
                   
                                         
                                         
           
	  	

  

			
	
                   
                                         
                                         
           
	  	
	 (Please print or typewrite name and address including postal zip code of
assignee)

  

			
	
                   
                                         
                                         
           
	  	
	 the within Security of ALBERTSON’S, INC. and all rights hereunder, hereby
irrevocably constituting and appointing

  

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

  

			
	
	Dated:	 	 

  

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

 EX-4.5 

FORM OF FLOATING RATE MEDIUM-TERM NOTE 

EXHIBIT 4.5 
 [Form of Floating
Rate Medium-Term Note] 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND
ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

			
	 REGISTERED
 REGISTERED

NO.
 $
	  	ALBERTSON’S, INC.
	 Medium-Term Note

Due from 9 Months to 30 Years from Date

of Issue
 (Floating
Rate)

		
	CUSIP	  	
		
	 Original Issue Date:
 Minimum Interest
Rate:
	  	 Interest Reset Date (s):

		
	 Initial Interest Rate:
 Maximum Interest
Rate:
	  	 Stated Maturity:

		
	 Interest Rate Basis:
 Calculation
Agent:
	  	 Interest Payment Period:

		
	 Index Maturity:
 Initial Redemption
Date:
	  	 Interest Reset Period:

		
	 Spread:
 Initial Redemption Price:
	  	 Interest Payment Date (s):

		
	 Spread Multiplier:
 Premium Reduction
Amount:
	  	 Regular Record Date (s):

 ALBERTSON’S, INC. (the “Company”, which term includes any successor under the Indenture
referred to hereinafter), a corporation duly organized and existing under the laws of the State of Delaware, for value received, hereby promises to pay to
                , or registered assigns, the principal sum of
                 DOLLARS on the Stated Maturity, and to pay interest thereon, if any, at a rate per annum equal to the Initial Interest Rate until the first
Interest Reset Date following the Original Issue Date, and thereafter at a rate determined in accordance with the provisions below under the heading “Determination of Commercial Paper Rate”, “Determination of Prime Rate”,
“Determination of LIBOR”, “Determination of Treasury Rate”, “Determination of CD Rate” or “Determination of Federal Funds Rate”, depending upon whether the Interest Rate Basis is the Commercial Paper Rate,
Prime Rate, LIBOR, Treasury Rate, CD Rate or Federal Funds Rate, as designated on the face hereof, until the principal hereof has been paid or made available for payment. Except as provided in the Indenture, the Company will 

 
pay interest, if any, monthly, quarterly, semiannually or annually as designated on the face hereof under “Interest Payment Period”, commencing with the first Interest Payment Date
following the Original Issue Date and ending at Maturity; provided, however, that any payment of principal of, premium, if any, or interest, if any, on this Global Note, to be made on an Interest Payment Date or at Maturity which is not a Market Day
(as hereinafter defined) will be made on the next succeeding Market Day, except that if the Interest Rate Basis is LIBOR, if such next succeeding Market Day falls in the next calendar month, such payment will be made on the immediately preceding
Market Day. Interest on this Global Note, if any, will accrue from the most recent Interest Payment Date to which interest has been paid or duly provided for, or, if no interest has been paid or duly provided for, from the Original Issue Date until
the principal hereof has been paid or made available for payment. The interest so payable, and punctually paid or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Global Note
(or one or more Predecessor Securities) is registered at the close of business on the 15th day (whether or not a Business Day) next preceding such Interest Payment Date (a “Regular Record Date”); provided, however, that interest payable at
Maturity will be payable to the Person to whom the principal hereof shall be payable; and provided, further, that if this Global Note is originally issued between a Regular Record Date and an Interest Payment Date, then interest will be payable to
the Person in whose name this Global Note (or one or more Predecessor Securities) is registered on the next succeeding Regular Record Date, and will be so paid on the next succeeding Interest Payment Date. Any such interest which is payable, but is
not punctually paid or duly provided for on any Interest Payment Date, shall forthwith cease to be payable to the registered Holder on such Regular Record Date, and may be paid to the Person in whose name this Global Note (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 the Holder of this Global Note not less than ten days prior to such
Special Record Date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. So long as this Global Note is a Global Security held by a Depositary or a nominee of such Depositary, then the principal of,
premium, if any, and interest, if any, on this Global Note on any Interest Payment Date and at Maturity shall be paid in immediately available funds to such Depositary or a nominee of such Depositary. If at any time this Global Note is no longer a
Global Security held by a Depositary or its nominee, then the principal of, premium, if any, and interest, if any, on this Global Note at Maturity shall be paid in immediately available funds to the Holder upon surrender of this Global Note at the
office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, or at such other place or places as may be designated pursuant to the Indenture, provided that this Global Note is surrendered at the
office or agency described above in time for the Paying Agent to make such payments in such funds in accordance with its normal procedures. If at any time this Global Note is no longer a Global Security held by a Depository or its nominee, then the
payment of interest, if any, on this Global Note due on any Interest Payment Date other than at Maturity shall be made by check mailed to the address of the Person entitled thereto as it appears on the Security Register on the relevant Regular or
Special Record Date, as the case may be, or by wire transfer in immediately available funds to such account as may have been appropriately designated to the Paying Agent by such Person in writing not later than such relevant Regular or Special
Record Date, as the case may be. Each payment of principal of, premium, if any, and interest, if any, on this Global Note shall be made in such coin or currency of the United States of America as at the time of payment shall be legal tender for the
payment of public and private debts. 
 This Global Note is one of the series of Debt Securities designated under the Indenture as
Medium-Term Notes (the “Notes”). 
 This Global Note is one of a duly authorized issue of unsecured and unsubordinated debentures,
notes or other evidences of senior indebtedness of the Company (herein referred to as the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of May 1, 1992 (herein referred to as the
“Indenture”), between the Company and Morgan Guaranty Trust Company of New York (herein referred to as 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 description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which
the Securities are, and are to be, authenticated and delivered. The Notes will be issuable in an aggregate principal amount of $        , which amount may be increased if duly authorized by the Company.
The Notes may have different Original Issue Dates and Interest Payment Dates, mature at different times and bear interest at different rates and, as provided below, be subject to different redemption provisions, and may differ in such other respects
as is provided herein or as may be provided pursuant to the terms of the Indenture. The Notes will rank on a parity with all other senior unsecured indebtedness of the Company from time to time outstanding. 

Commencing with the first Interest Reset Date specified on the face hereof following the Original Issue Date, the rate at which interest, if
any, is payable on this Global Note shall be adjusted daily, weekly, monthly, quarterly, semiannually or annually as shown on the face hereof under “Interest Reset Period”, provided, however, that the

  
 - 2 - 

 
interest rate in effect for the period from the Original Issue Date to the first Interest Reset Date shall be the Initial Interest Rate, and the interest rate in effect for the ten days
immediately preceding the Stated Maturity or Redemption Date, if any, shall be that in effect on the tenth day preceding such Stated Maturity or Redemption Date, if any. Each such adjusted rate shall be applicable on and after the Interest Reset
Date to which it relates, to but not including the next succeeding Interest Reset Date or until the Stated Maturity, as the case may be. Subject to applicable provisions of law and except as specified herein, on each Interest Reset Date, the rate of
interest, if any, on this Global Note shall be the rate determined in accordance with the provisions of the applicable heading below, plus or minus the Spread or multiplied by the Spread Multiplier, as indicated above. 

DETERMINATION OF COMMERCIAL PAPER RATE. If the Interest Rate Basis designated on the face hereof is the Commercial Paper Rate, then the
“Commercial Paper Rate” for each Interest Reset Date will be determined by the Calculation Agent as of the second Market Day preceding such Interest Reset Date (a “Commercial Paper Interest Determination Date”), and will be the
Money Market Yield (as hereinafter defined) of the per annum rate (quoted on a bank discount basis) on such Commercial Paper Interest Determination Date for commercial paper having the specified Index Maturity as published by the Board of Governors
of the Federal Reserve System in “Statistical Release H.15(519), Selected Interest Rates” or any successor publication of the Board of Governors of the Federal Reserve System (“H.15(519)”) under the heading “Commercial
Paper”. In the event that such rate is not published prior to 9:00 A.M., New York City time, on the relevant Calculation Date, then the Commercial Paper Rate with respect to such Interest Reset Date shall be the Money Market Yield of the rate
on such Commercial Paper Interest Determination Date for commercial paper having the specified Index Maturity as published by the Federal Reserve Bank of New York in its daily statistical release, “Composite 3:30 P.M. Quotations for U.S.
Government Securities” or any successor publication published by the Federal Reserve Bank of New York (“Composite Quotations”) under the heading “Commercial Paper”. If by 3:00 P.M., New York City time, on such Calculation
Date such rate is not yet published in either H.15(519) or Composite Quotations, then the Commercial Paper Rate with respect to such Interest Reset Date shall be calculated by the Calculation Agent and shall be the Money Market Yield of the
arithmetic mean of the offered per annum rates (quoted on a bank discount basis), as of 11:00 A.M., New York City time, on such Commercial Paper Interest Determination Date, of three leading dealers of commercial paper in The City of New York
selected by the Calculation Agent for commercial paper having the specified Index Maturity placed for an industrial issuer whose bond rating is “AA”, or the equivalent, from a nationally recognized rating agency; provided, however, that if
fewer than three dealers selected as aforesaid by the Calculation Agent are quoting as mentioned in this sentence, the Commercial Paper Rate with respect to such Interest Reset Date will be the Commercial Paper Rate in effect on such Commercial
Paper Interest Determination Date. 
 “Money Market Yield” means a yield (expressed as a percentage) calculated in accordance with
the following formula: 
  

															
		 				  	360 x D	  		  		  		  	
	 Money Market Yield
	 	 	=	 	  	100 x	  		  		  		  	
		 				  	  
	  		  		  		  	
		 				  	360 - (D x M)	  		  		  		  	

 where “D” refers to the per annum rate for commercial paper quoted on a bank discount basis and expressed as a
decimal; and “M” refers to the actual number of days in the period corresponding to the specified Index Maturity. 
 The
“Calculation Date” pertaining to a Commercial Paper Interest Determination Date shall be the tenth day after such Commercial Paper Interest Determination Date or, if any such day is not a Market Day, the next succeeding Market Day. 

“Market Day” means (a) with respect to any Note (other than any LIBOR Note), any Business Day in The City of New York, and
(b) with respect to any LIBOR Note, any Business Day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 

DETERMINATION OF PRIME RATE. If the Interest Rate Basis designated on the face hereof is the Prime Rate, then the “Prime Rate” for
each Interest Reset Date will be determined by the Calculation Agent as of the second Market Day preceding such Interest Reset Date (a “Prime Rate Interest Determination Date”), and will be the rate set forth for the relevant Prime Rate
Interest Determination Date in H.15(519) under the heading “Bank Prime Loan”. In the event that such rate is not published prior to 9:00 A.M., New York City time, on the relevant Calculation Date, then the Prime Rate with respect to such
Interest Reset Date will be the arithmetic mean of the rates of interest publicly announced by each bank that appears on the display designated as page “NYMF” on the Reuters Monitor Money Rates Service (or such other page as may replace
the NYMF page on that service for the purpose of displaying prime rates or base lending 

  
 - 3 - 

 rates of major United States banks) (“Reuters Screen NYMF Page”) as such bank’s prime rate or base
lending rate as in effect for such Prime Rate Interest Determination Date as quoted on the Reuters Screen NYMF Page on such Prime Rate Interest Determination Date. If fewer than four such rates appear on the Reuters Screen NYMF Page on such Prime
Rate Interest Determination Date, the Prime Rate with respect to such Interest Reset Date will be the arithmetic mean of the prime rates or base lending rates (quoted on the basis of the actual number of days in the year divided by a 360-day year)
as of the close of business on such Prime Rate Interest Determination Date by three major banks in The City of New York selected by the Calculation Agent; provided, however, that if fewer than three banks selected as aforesaid by the Calculation
Agent are quoting as mentioned in this sentence, the Prime Rate with respect to such Interest Reset Date will be the Prime Rate in effect on such Prime Rate Interest Determination Date. 

The “Calculation Date” pertaining to a Prime Rate Interest Determination Date shall be the tenth day after such Prime Rate Interest
Determination Date or, if any such day is not a Market Day, the next succeeding Market Day. 
 DETERMINATION OF LIBOR. If the Interest Rate
Basis designated on the face hereof is LIBOR, then “LIBOR” for each Interest Reset Date will be determined by the Calculation Agent as of the second Market Day preceding such Interest Reset Date (a “LIBOR Interest Determination
Date”) as follows: 
 (i) On the relevant LIBOR Interest Determination Date, LIBOR will be determined on the basis of
the offered rates for deposits of not less than U.S. $1,000,000 having the specified Index Maturity, commencing on the second Market Day immediately following such LIBOR Interest Determination Date, which appear on the display designated as page
“LIBO” on the Reuters Monitor Money Rates Service (or such other page as may replace the LIBO page on that service for the purpose of displaying London interbank offered rates of major banks) (“Reuters Screen LIBO Page”) as of
11:00 A.M., London time, on such LIBOR Interest Determination Date. If at least two such offered rates appear on the Reuters Screen LIBO Page, LIBOR with respect to such Interest Reset Date will be the arithmetic mean of such offered rates as
determined by the Calculation Agent. If fewer than two offered rates appear, LIBOR with respect to such Interest Reset Date will be determined as described in (ii) below. 

(ii) With respect to a LIBOR Interest Determination Date on which fewer than two offered rates for the specified Index Maturity
appear on the Reuters Screen LIBO Page as described in (i) above, LIBOR will be determined on the basis of the rates at approximately 11:00 A.M., London time, on such LIBOR Interest Determination Date at which deposits in U.S. dollars having
the specified Index Maturity are offered to prime banks in the London interbank market by four major banks in the London interbank market selected by the Calculation Agent commencing on the second Market Day immediately following such LIBOR Interest
Determination Date and in a principal amount equal to an amount of not less than U.S. $1,000,000 that in the Calculation Agent’s judgment is representative for a single transaction in such market at such time (a “Representative
Amount”). The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, LIBOR with respect to such Interest Reset Date will be the
arithmetic mean of such quotations. If fewer than two quotations are provided, LIBOR with respect to such Interest Reset Date will be the arithmetic mean of the rates quoted at approximately 11:00 A.M., New York City time, on such LIBOR Interest
Determination Date by three major banks in The City of New York, selected by the Calculation Agent, for loans in U.S. dollars to leading European banks having the specified Index Maturity commencing on the second Market Day immediately following
such LIBOR Interest Determination Date and in a Representative Amount; provided, however, that if fewer than three banks selected as aforesaid by the Calculation Agent are quoting as mentioned in this sentence, LIBOR with respect to such Interest
Reset Date will be the LIBOR in effect on such LIBOR Interest Determination Date. 
 DETERMINATION OF TREASURY RATE. If the Interest Rate
Basis designated on the face hereof is the Treasury Rate, then the “Treasury Rate” for each Treasury Rate Interest Determination Date (as hereinafter defined) will be the rate for the auction on the relevant Treasury Rate Interest
Determination Date of direct obligations of the United States (“Treasury bills”) having the specified Index Maturity as published in H.15(519) under the heading “U.S. Government Securities/Treasury Bills/Auction Average
(Investment)” or, if not so published by 9:00 A.M., New York City time, 

  
 - 4 - 

 The “Calculation Date” pertaining to a Federal Funds Rate Interest Determination Date
will be the tenth day after such Federal Funds Rate Interest Determination Date or, if such day is not a Market Day, the next succeeding Market Day. 

Notwithstanding the foregoing, the interest rate hereon shall not be greater than the Maximum Interest Rate, if any, or less than the Minimum
Interest Rate, if any, designated on the face hereof. The Calculation Agent shall calculate the interest rate hereon in accordance with the foregoing on or before each Calculation Date or other date on which an interest rate is to be calculated. The
interest rate on this Global Note will in no event be higher than the maximum rate permitted by New York law, as the same may be modified by United States law of general application. 

At the request of the Holder hereof, the Calculation Agent will provide to such Holder the interest rate hereon then in effect and, if
determined, the interest rate which will become effective on the next Interest Reset Date. The Calculation Agent’s determination of any interest rate will be final and binding in the absence of manifest error. 

Interest payments hereon will include interest accrued to but excluding the Interest Payment Date; provided, however, that if the Interest
Reset Dates with respect to this Global Note are daily or weekly, interest payable on any Interest Payment Date, other than interest payable on any date on which principal hereof is payable, will include only interest accrued to and including the
next preceding Regular Record Date. Accrued interest hereon from the Original Issue Date or from the last date to which interest hereon has been paid, as the case may be, shall be an amount calculated by multiplying the face amount hereof by an
accrued interest factor. Such accrued interest factor shall be computed by adding the interest factor calculated for each day from the Original Issue Date, or from the last date to which interest has been paid, as the case may be, to but excluding
the date for which accrued interest is being calculated. The interest factor (expressed as a decimal, and rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for each such day shall be computed by dividing
the interest rate (expressed as a decimal, and rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) applicable to such date by 360, if the Interest Rate Basis is the Commercial Paper Rate, the Prime Rate,
LIBOR, the CD Rate or the Federal Funds Rate, as designated on the face hereof, or by the actual number of days in the year, if the Interest Rate Basis is the Treasury Rate, as designated on the face hereof. 

Each of the defeasance and covenant defeasance provisions of Article Thirteen of the Indenture shall [not] apply to this Global Note. 

Each of the covenant provisions of Sections 1008 and 1009 of the Indenture shall [not] apply to this Global Note. 

This Global Note is [not] subject to payment from a sinking fund. 

If so designated on the face of this Global Note, this Global Note may be redeemed by the Company on any date on and after the Initial
Redemption Date indicated on the face hereof. If no Initial Redemption Date is set forth on the face hereof, this Global Note may not be redeemed prior to its Stated Maturity. On and after the Initial Redemption Date, if any, this Global Note may be
redeemed at the option of the Company in whole or in part in increments of $1,000 (provided that any remaining principal amount of this Global Note shall be at least $100,000) at the Redemption Price, together with accrued interest to the Redemption
Date, on notice given not more than 60 nor less than 30 days prior to the Redemption Date. The Redemption Price shall be initially equal to the Initial Redemption Price set forth on the face hereof on the Initial Redemption Date (plus accrued
interest to the Initial Redemption Date), and shall decline (but not below par) on each anniversary of the Initial Redemption Date by the Premium Reduction Amount set forth on the face hereof until the Redemption Price is equal to 100% of such
principal amount, plus accrued interest to the date this Global Note is redeemed (the “Redemption Date”). If less than all of this Global Note is to be redeemed, the beneficial interests in this Global Note to be redeemed shall be selected
by the Trustee by such method as the Trustee shall deem fair and appropriate. In the event of redemption of this Global Note in part only, a new Global Note for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon
surrender hereof. 
 If an Event of Default with respect to this Global Note shall occur and be continuing, the entire principal amount of
this Global Note may be declared due and payable in the manner, with the effect and subject to the conditions provided in the Indenture. 

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 issued under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than 66 2/3% in aggregate principal amount of the
Securities at the time Outstanding of each series to be affected. The Indenture also 

  
 - 5 - 

 
permits the amendment thereof without the consent of the Holders of any of the Securities to, among other things, cure any ambiguity or omission or correct or supplement any provision therein
that may be inconsistent with any other provision therein, or take certain other actions, provided that such actions will not adversely affect the interests of the Holders of Securities of any series in any material respect. The Indenture also
contains provisions permitting the Holders of not less than a majority in aggregate principal amount of Securities of any series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive certain past defaults under
the Indenture and the consequences thereof. Any such consent or waiver by the Holder of this Global Note shall be conclusive and binding upon such Holder and upon all future Holders of this Global Note and of any Note 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 Global Note. 

No reference herein to the Indenture and no provision of this Global Note or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest, if any, on this Global Note at the time, 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 Global Note is registrable on the
Security Register upon surrender of this Global Note for registration of transfer at the office or agency maintained by the Company for that purpose in the Borough of Manhattan, The City of New York, 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 or her attorney duly authorized in writing, and thereupon one or more new Global Notes of authorized denominations and
for the same aggregate principal amount will be issued to the designated transferee or transferees. As provided in the Indenture and subject to certain limitations therein set forth, this Global Note is exchangeable for the same aggregate principal
of Global Notes of authorized denominations, 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 the payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith. 
 The Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name this Global Note is registered as the owner hereof for all purposes, whether or not this Global Note may be overdue, and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall
be affected by any notice to the contrary. 
 In the event that (i) DTC, or any successor Depositary, notifies the Company and the
Trustee in writing that it is unwilling or unable to continue as Depositary for this Global Note or if at any time DTC, or any successor Depositary, ceases to be a clearing corporation registered under the Exchange Act, and a successor Depositary is
not appointed by the Company within 90 days, (ii) the Company in its sole discretion determines that the Notes shall no longer be represented by this Global Note and executes and delivers to the Trustee a Company Order that this Global Note shall be
exchangeable or (iii) there shall have occurred and be continuing an Event of Default or an event which, with the giving of notice or the lapse of time, or both, would constitute an Event of Default with respect to the Notes represented by this
Global Note, then the Company will issue Notes in definitive form in exchange for this Global Note. Notes so issued in definitive form will be issued as registered Notes without coupons in denominations of $100,000 and integral multiples of $1,000
in excess thereof. 
 AS PROVIDED IN THE INDENTURE, THIS GLOBAL NOTE SHALL FOR ALL PURPOSES BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK. 
 All terms used in this Global Note which are defined in the Indenture shall have the meanings assigned
to them in the Indenture unless otherwise defined herein. 
 This Global Note shall not be valid or become obligatory for any purpose until
the Certificate of Authentication hereon shall have been signed by the Trustee under the Indenture. 
 WITNESS the seal of the Company and
the signatures of its duly authorized officers. 
  

							
		 		 	ALBERTSON’S, INC.
				
	Dated:	 		 	By: 	 	 

  
 - 6 - 

					
			
		 		 	 Senior Vice President, Finance
 and Chief
Financial Officer

			
	 [SEAL]
	 	By:	 	  

		 		 	Corporate Secretary

 Trustee’s Certification of Authentication 

This is one of the Securities of the series designated 
 therein
referred to in the within-mentioned Indenture. 
 First Trust of New York, N.A., as Trustee 

 

					
		
	 By:
	 	 
		 	Authorized Officer

  
 - 7 - 

 ASSIGNMENT 

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

PLEASE INSERT SOCIAL SECURITY OR OTHER 
   IDENTIFYING
NUMBER OF ASSIGNEE: 
  

					
	 	  		  	
			
	 	  	 	  	 

 (Please print or typewrite name and address including 

postal zip code of assignee) 
 the within Global
Note of ALBERTSON’S, INC. and all rights hereunder, hereby irrevocably constituting and appointing
                                 attorney to transfer said Global Note on the
books of the within-named Company, with full power of substitution in the premises. 
 Dated:
                                         
    
  

					
		  	SIGN HERE	 	  

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

 SIGNATURE GUARANTEED 

 EX-5.1 

OPINION OF THOMAS R. SALDIN, ESQ. 

[ALBERTSON’S LETTERHEAD] 

EXHIBIT 5.1 

December 8, 1997 

Albertson’s, Inc. 
 P. O. Box 20 

Boise, ID 83726 
 RE: Albertson’s, Inc.
Registration Statement on Form S-3 
 Ladies and Gentlemen: 

I am Executive Vice President, Administration and General Counsel of Albertson’s, Inc., a Delaware corporation (the “Company”).
I have assisted in the preparation of the above-referenced Registration Statement on Form S-3 being filed by the Company with the Securities and Exchange Commission (the “Commission”) on or about December 8, 1997 (the
“Registration Statement”) in connection with the Company’s registration under the Securities Act of 1933, as amended (the “1933 Act”), of $500,000,000 aggregate principal amount of senior debt securities (the “Debt
Securities”) of the Company. The Debt Securities are being registered for offering and sale from time to time on a delayed or continuous basis pursuant to Rule 415 under the 1933 Act. The Debt Securities are to be issued pursuant to an
indenture dated as of May 1, 1992 (the “Indenture”), entered into between the Company and First Trust of New York, N.A., a New York corporation, as trustee (the “Trustee”) and successor in interest to the corporate trust
business of Morgan Guaranty Trust Company of New York. 
 In connection with this opinion, I have examined and am familiar with originals or
copies, certified or otherwise identified to my satisfaction of (i) the Registration Statement on Form S-3 relating to the Debt Securities (together with the form of Prospectus forming a part thereof); (ii) the Certificate of Incorporation
of the Company, as currently in effect (the “Certificate of Incorporation”); (iii) the By-Laws of the Company as currently in effect (the “By-Laws”); (iv) the resolutions of the Company’s Board of Directors
relating to (A) the preparation of the Registration Statement and the registration of the Debt Securities under the 1933 Act and (B) the issuance, offering and sale from time to time of the Debt Securities; and (v) the Indenture. I
have also examined originals or copies, certified or otherwise identified to my satisfaction of such records of the Company and such agreements, certificates of public officials, certificates of officers or other representatives of the Company and
others and such other documents, certificates and records as I have deemed necessary or appropriate as a basis for the opinions set forth herein. 

 Albertson’s Inc. 

December 8, 1997 
 Page 2 

In my examination, I have assumed the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents
submitted to me as originals, the conformity to original documents of all documents submitted to me as certified, conformed or photostatic copies and the authenticity of the originals of such latter documents. In making my examination of documents
executed or to be executed by parties other than the Company, I have assumed that such parties had or will have the power, corporate or other, to enter into and perform all obligations thereunder and have also assumed the due authorization by all
requisite action, corporate or other, and execution and delivery by such parties of such documents and the validity and binding effect thereof. As to any facts material to the opinions expressed herein which I have not independently established or
verified, I have relied upon statements and representations of officers and other representatives of the Company and others. 
 I am
admitted to the practice of law in the State of Idaho, and I express no opinion as to the laws of any other jurisdiction, other than the General Corporation Law of the State of Delaware and laws of the United States of America. With respect to my
opinion below, to the extent it constitutes an opinion related to New York law, I have reviewed and relied upon a legal opinion addressed to the Company of Skadden, Arps, Slate, Meagher & Flom LLP that, subject to the qualifications and
assumptions stated therein, the Debt Securities will be validly issued and legally binding obligations of the Company under New York law. 

Based upon and subject to the foregoing, I am of the opinion that with respect to any series of Debt Securities (the “Offered
Securities”), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective; (ii) an appropriate Prospectus Supplement with respect to the Offered Securities has been
prepared, delivered and filed in compliance with the 1933 Act and the applicable rules and regulations thereunder; (iii) if the Offered Securities are to be sold pursuant to a firm commitment underwritten offering, the Underwriting Agreement
with respect to the Offered Securities has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) the terms of the Offered Securities and of their issuance and sale have been duly established in
conformity with the applicable Indenture so as not to violate any applicable law, the Certificate of Incorporation or By-laws of the Company or result in a default under or breach of any agreement or instrument binding upon the Company and so as to
comply with any requirement or restriction imposed by any court or 

 Albertson’s Inc. 

December 8, 1997 
 Page 3 

governmental body having jurisdiction over the Company; (v) the Indenture has been qualified under the Trust Indenture Act of 1939, as amended; and
(vi) the Offered Securities have been duly executed and authenticated in accordance with the provisions of the Indenture and duly delivered to the purchasers thereof upon payment of the agreed upon consideration therefor (assuming due
authorization, execution and delivery of the Indenture by the Trustee), the Offered Securities, when issued and sold in accordance with the Underwriting Agreement or any other duly authorized, executed and delivered applicable valid and binding
purchase agreement will be valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except to the extent that enforcement thereof may be limited by (a) bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance, or other similar laws now or hereafter in effect relating to creditors’ rights generally; (b) general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at
law), (c) public policy considerations which may limit the rights of parties to obtain further remedies, and (d) governmental authority to limit, delay or prohibit the making of payments outside the United States. 

I hereby consent to your filing of this opinion as an exhibit in the Registration Statement and to the reference to me in the prospectus
incorporated herein. 
  

	
	Sincerely yours,
	
	ALBERTSON’S, INC.
	
	 /s/ Thomas R. Saldin

Thomas R. Saldin
 Executive Vice President,

Administration and General Counsel

	

 TRS: dmd 

 EX-12.1 

COMPUTATION OF RATIO OF EARNINGS 

EXHIBIT 12.1 
 ALBERTSON’S,
INC. AND SUBSIDIARIES 
 STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 

(dollars in thousands) 
  

																													
	 	  	 52 Weeks

Ended
 Jan. 28,

1993
	 	  	 53 Weeks

Ended
 Feb. 3,

1994
	 	  	 52 Weeks

Ended
 Feb. 2,

1995
	 	  	 52 Weeks

Ended
 Feb. 1,

1996
	 	  	 52 Weeks

Ended
 Jan. 30,

1997
	 	  	 39 Weeks

Ended
 Oct. 31,

1996
	 	  	 39 Weeks

Ended
 Oct. 30,

1997
	 
	 Earnings from operations:
	  				  				  				  				  				  				  			
	 Earnings before income taxes and cumulative effects of accounting changes
	  	$	443,721	 	  	$	552,215	 	  	$	678,652	 	  	$	758,501	 	  	$	794,847	 	  	$	550,264	 	  	$	551,436	 
	 Add:
	  				  				  				  				  				  				  			
	 Portion of rents representative of interest
	  	 	45,891	 	  	 	46,774	 	  	 	47,753	 	  	 	49,832	 	  	 	52,439	 	  	 	38,942	 	  	 	40,797	 
	 Interest expense, including amortization of debt discount
	  	 	34,390	 	  	 	41,257	 	  	 	53,260	 	  	 	47,916	 	  	 	58,023	 	  	 	40,434	 	  	 	54,913	 
	 Amortization of previously capitalized interest
	  	 	1,556	 	  	 	1,750	 	  	 	1,964	 	  	 	2,172	 	  	 	2,588	 	  	 	1,910	 	  	 	2,139	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Earnings, as adjusted
	  	$	525,558	 	  	$	641,996	 	  	$	781,629	 	  	$	858,421	 	  	$	907,897	 	  	$	631,550	 	  	$	649,285	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Fixed charges:
	  				  				  				  				  				  				  			
	 Interest expense, including amortization of debt discount
	  	$	34,390	 	  	$	41,257	 	  	$	53,260	 	  	$	47,916	 	  	$	58,023	 	  	$	40,434	 	  	$	54,913	 
	 Capitalized interest
	  	 	4,617	 	  	 	4,219	 	  	 	3,974	 	  	 	7,428	 	  	 	6,378	 	  	 	4,872	 	  	 	5,731	 
	 Portion of rents representative of interest
	  	 	45,891	 	  	 	46,774	 	  	 	47,753	 	  	 	49,832	 	  	 	52,439	 	  	 	38,942	 	  	 	40,797	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total fixed charges
	  	$	84,898	 	  	$	92,250	 	  	$	104,987	 	  	$	105,176	 	  	$	116,840	 	  	$	84,248	 	  	$	101,441	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Ratio of earnings to fixed charges
	  	 	6.19	 	  	 	6.96	 	  	 	7.45	 	  	 	8.16	 	  	 	7.77	 	  	 	7.50	 	  	 	6.40	 

 NOTE: For the purpose of calculating the ratio of earnings to fixed charges, (a) earnings have been calculated by adding
fixed charges (excluding capitalized interest) to earnings from operations before taxes and cumulative effects of accounting changes, and (b) fixed charges consist of gross interest costs, whether expensed or capitalized, amortization of debt
discount and expense and that portion of rental expense that represents interest. 

 EX-23.1 

CONSENT OF DELOITTE & TOUCHE LLP 

EXHIBIT 23.1 
 INDEPENDENT
AUDITORS’ CONSENT 
 We consent to the incorporation by reference in this Registration Statement on Form S-3 of Albertson’s, Inc.
(the “Company”) of our report dated March 19, 1997 incorporated by reference in the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 1997 and to the reference to us under the heading
“Experts” in the Prospectus that is a part of this Registration Statement. 
 /s/ Deloitte & Touche LLP 

DELOITTE & TOUCHE LLP 
 Boise, Idaho 

December 8, 1997 

 EX-25.1 

FORM T-1 
 EXHIBIT 25.1 

 
  

 
 SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON, D.C. 20549 
  

 
 FORM T-1

  
  

STATEMENT OF ELIGIBILITY 

UNDER THE TRUST INDENTURE ACT OF 1939 

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE 
  

	☐	CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO 

	  	SECTION 305(b)(2)             

  

 
 FIRST TRUST OF
NEW YORK, NATIONAL ASSOCIATION 
 (Exact name of trustee as specified in its charter) 

 
  

13-3781471 
 (I. R. S.
Employer Identification No.) 
 100 Wall Street, New York, NY 10005 

(Address of principal executive offices) (Zip Code) 

For information, contact: 

Dennis Calabrese, President 

First Trust of New York, National Association 

100 Wall Street, 16th Floor 

New York, NY 10005 

Telephone: (212) 361-2506 
  

 

ALBERTSON’S, INC. 

(Exact name of obligor as specified in its charter) 
  

 
  

			
	Delaware	 	82-0184434
	(State or other jurisdiction of
incorporation or organization)	 	(I. R. S. Employer
Identification No.)

  

			
	 250 Parkcenter Blvd.

Box 20
 Boise,
Idaho
 (Address of principal executive offices)
	  	 83726

(Zip Code)

  
  

DEBT SECURITIES 
  

 
  

 Item 1.    General Information. 

Furnish the following information as to the trustee - - 

	 	(a)	Name and address of each examining or supervising authority to which it is subject. 

  

			
	 Name
	  	Address
	 Comptroller of the Currency
	  	Washington, D. C.

  

	 	(b)	Whether it is authorized to exercise corporate trust powers. 

 Yes. 

Item 2.    Affiliations with the Obligor. 

If the obligor is an affiliate of the trustee, describe each such affiliation. 

None. 

Item 16.    List of Exhibits. 
  

			
	Exhibit 1.	  	Articles of Association of First Trust of New York, National Association, incorporated herein by reference to Exhibit 1 of Form T-1, Registration No. 33-83774.
		
	Exhibit 2.	  	Certificate of Authority to Commence Business for First Trust of New York, National Association, incorporated herein by reference to Exhibit 2 of Form T-1, Registration No. 33-83774.
		
	Exhibit 3.	  	Authorization of the Trustee to exercise corporate trust powers for First Trust of New York, National Association, incorporated herein by reference to Exhibit 3 of Form T-1, Registration No. 33-83774.
		
	Exhibit 4.	  	By-Laws of First Trust of New York, National Association, incorporated herein by reference to Exhibit 4 of Form T-1, Registration No. 333-34113.
		
	Exhibit 5.	  	Not applicable.
		
	Exhibit 6.	  	Consent of First Trust of New York, National Association, required by Section 321(b) of the Act, incorporated herein by reference to Exhibit 6 of Form T-1, Registration No. 33-83774.
		
	Exhibit 7.	  	Report of Condition of First Trust of New York, National Association, as of the close of business on September 30, 1997, published pursuant to law or the requirements of its supervising or examining authority.
		
	Exhibit 8.	  	Not applicable.
		
	Exhibit 9.	  	Not applicable.

 SIGNATURE 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, First Trust of New York, National Association, a
national banking association organized and existing under the laws of the United States, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 1st day of December, 1997. 
  
  

			
	FIRST TRUST OF NEW YORK,
	
	NATIONAL ASSOCIATION
		
	By:	 	/s/ Catherine F. Donohue
		 	 Catherine F. Donohue
 Vice
President

 Exhibit 7 

First Trust of New York, National Association 

Statement of Financial Condition 

As of 9/30/97 
 ($000’s) 

 

					
	 	  	9/30/97	 
	 Assets
	  			
	 Cash and Due From Depository Institutions
	  	$	36,355	 
	 Federal Reserve Stock
	  	 	3,467	 
	 Fixed Assets
	  	 	753	 
	 Intangible Assets
	  	 	76,047	 
	 Other Assets
	  	 	5,619	 
	 Total Assets
	  	$	122,241	 
		
	 Liabilities
	  			
	 Other Liabilities
	  	 	7,592	 
	 Total Liabilities
	  	 	7,592	 
		
	 Equity
	  			
	 Common and Preferred Stock
	  	 	1,000	 
	 Surplus
	  	 	120,932	 
	 Undivided Profits
	  	 	(7,283	) 
	 Total Equity Capital
	  	 	114,649	 
	 Total Liabilities and Equity Capital
	  	$	122,241	 

 To the best of the undersigned’s determination, as of this date the above financial information is true and correct. 

First Trust of New York, National Association 
  

			
	 By:
	 	/S/ Catherine F. Donohue
		 	Vice President
		
	 Date:
	 	November 18, 1997EX-4.11

 Exhibit 4.11 

EXECUTION VERSION 

SUPPLEMENTAL INDENTURE NO. 5 

This SUPPLEMENTAL INDENTURE NO. 5, dated as of January 22, 2014 (the “Supplemental Indenture”), between AMERICAN STORES
COMPANY, LLC, a Delaware limited liability company and formerly a corporation incorporated under the laws of the State of Delaware, known as AMERICAN STORES COMPANY (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION,
successor trustee under the Indenture referred to below (the “Trustee”). 
 WITNESSETH: 

WHEREAS, American Stores Company and the original trustee, The First National Bank of Chicago, entered into the Indenture, dated as of
May 1, 1995 (the “Indenture”), providing for the issuance of the unsecured debentures, notes and other evidences of indebtedness of American Stores Company; 

WHEREAS, pursuant to Supplemental Indenture No. 1, dated as of January 23, 2004, the Company expressly assumed the obligations of
American Stores Company under the Indenture; 
 WHEREAS, pursuant to Supplemental Indenture No. 2, dated as of July 6, 2005, the
Company caused its then parent corporation, Albertson’s, Inc., a Delaware corporation (the “Guarantor”) to guaranty the obligations of the Company under the Indenture (the “Guarantee”); 

WHEREAS, pursuant to Supplemental Indenture No. 3, dated as of July 21, 2008, the Company added Section 3.11 to the Indenture
to provide for the assignment of the Guarantee to SUPERVALU INC.; 
 WHEREAS, pursuant to Supplemental Indenture No. 4, dated as of
March 21, 2013, the Company amended and restated Section 2.3 to the Indenture to provide certain limitations on the issuance of additional Securities pursuant to the Indenture; 

WHEREAS, as of the date of this Supplemental Indenture, the following debentures and notes of the Company (collectively referred to herein as
the “Securities”) have been issued under the Indenture and are outstanding: (i) 8.0% Debentures due June 1, 2026; (ii) 7.9% Debentures due 2017; (iii) 7.1% Medium Term Notes, Series B, due March 20, 2028
(the Securities of the series listed in the clauses (i), (ii), and (iii) of this recital being referred to hereinafter as the “Affected Series”); and (iv) 7.5% Debentures due 2037 (the “2037 Series”); 

WHEREAS, Section 8.2 of the Indenture provides, among other things, with the consent of the Holders of a majority in aggregate principal
amount of the Securities at the time Outstanding of any series affected by such supplemental indenture, the Company, when authorized by a resolution of its Board of Directors, and the Trustee may enter into this Supplemental Indenture; and 

 WHEREAS, Holders of the majority in aggregate principal amount of the Securities Outstanding
under each of the Affected Series have consented to the amendments to the Indenture set forth below, and as of the date hereof, such consent has not been withdrawn; 

WHEREAS, this Supplemental Indenture has been duly authorized by all necessary limited liability company action on the part of the Company;
and 
 WHEREAS, pursuant to Section 8.2 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby
acknowledged, and with the effect set forth in Article VI of this Supplemental Indenture, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Securityholders as follows: 

ARTICLE I 
 TABLE OF
CONTENTS 
 Section 1.1 Amendment to Table of Contents. The Table of Contents of the Indenture is amended by deleting the
titles to Sections 3.7, 3.8, 3.10, 3.11, and 9.1 and inserting in lieu thereof the phrase “[intentionally omitted]”. 
 ARTICLE
II 
 AMENDMENTS TO ARTICLE 3 – COVENANTS OF THE ISSUER 

Section 2.1 Section 3.7 of the Indenture is hereby deleted and amended to read in its entirety as follows: “SECTION 3.7.
[Intentionally omitted].” 
 Section 2.2 Section 3.8 of the Indenture is hereby deleted and amended to read in its entirety
as follows: “SECTION 3.8. [Intentionally omitted].” 
 Section 2.3 Section 3.10 of the Indenture is hereby deleted and
amended to read in its entirety as follows: “SECTION 3.10. [Intentionally omitted].” 
 Section 2.4 Section 3.11 of the
Indenture is hereby deleted and amended to read in its entirety as follows “SECTION 3.11. [Intentionally omitted].” 
 ARTICLE
III 
 AMENDMENTS TO ARTICLE 5 – REMEDIES OF THE 

TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 

Section 3.1 Section 5.1 of the Indenture is hereby amended by deleting the text of subsections (c), (g) and (h) in their
entirety and inserting in lieu thereof the following “[Intentionally omitted].” 

  
 [ASC Supplemental
Indenture No. 5] 

 ARTICLE IV 

AMENDMENTS TO ARTICLE 9 – 

CONSOLIDATION, MERGER, SALE OR CONVEYANCE 

Section 4.1 Section 9.1 of the Indenture is hereby deleted and amended to read in its entirety as follows: “SECTION 9.1:
[Intentionally omitted].” 
 ARTICLE V 

AMENDMENT TO ARTICLE 10 – SATISFACTION 

AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS 

Section 5.1 Section 10.1 of the Indenture is hereby amended by deleting the text of subsection (B)(c) in its entirety and inserting
in lieu thereof the following: “[Intentionally omitted]; and”. 
 ARTICLE VI 

Section 6.1 Effectiveness of Supplemental Indenture. 

(a) This Supplemental Indenture shall be effective upon its execution and delivery by the parties hereto. 

(b) This Supplemental Indenture shall affect the terms and conditions of the Affected Series only, and shall not have any effect on the terms
and conditions of the Securities constituting the 2037 Series, as to which the Indenture shall continue as in effect immediately prior to the effectiveness of these Amendments (as hereinafter defined). 

(c) Notwithstanding the foregoing, the amendments to the Indenture contained in Articles One through Five hereof (the
“Amendments”) shall not become operative, and shall not be binding on the Company or the Trustee, until delivery by the Company to the Trustee of an Officer’s Certificate certifying that the applicable “Settlement
Date” has occurred with respect to the tender offer and consent solicitation (the “Tender Offer”) contemplated by the Company’s Offer to Purchase and Consent Solicitation Statement dated December 13, 2013. In the
event that the Company has not delivered the foregoing Officer’s Certificate to the Trustee prior to February 15, 2014, the Amendments shall not become operative and shall not bind the Company or the Trustee and this Supplemental Indenture
shall lapse automatically and be of no further force or effect. Such lapse shall not preclude the Company and the Trustee from executing and delivering a replacement Supplemental Indenture if the applicable “Settlement Date” shall occur
subsequently. 
 ARTICLE VII 

Section 7.1 Defined Terms; Effect of Supplemental Indenture. Capitalized terms used herein but not otherwise defined have the
meanings given to them in the Indenture. Upon the execution and delivery of this Supplemental Indenture by the Company and the Trustee, the 

  
 [ASC Supplemental
Indenture No. 5] 

 
Indenture shall be supplemented in accordance herewith, and this Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of a Security heretofore or hereafter
authenticated and delivered under the Indenture shall be bound thereby. 
 Section 7.2 References to Deleted or Amended
Provisions. All references in the Indenture as amended by Article One, Article Two, Article Three, Article Four and Article Five hereof, to any of the provisions deleted and eliminated or modified as provided herein, or to terms defined in such
provisions, shall, as to the Affected Series, also be deemed deleted and eliminated or modified, as the case may be, in accordance with the terms of this Supplemental Indenture. Effective as of the date hereof, as to the Affected Series, none of the
Company, the Trustee or other parties to or beneficiaries of the Indenture shall have any rights, obligations or liabilities under such Sections or subsections and such deleted or modified Sections or subsections shall not be considered in
determining whether an Event of Default has occurred or whether the Company has observed, performed or compiled with the provisions of the Indenture. 

Section 7.3 Indenture Remains in Full Force and Effect. Except as supplemented hereby, all provisions in the Indenture shall
remain in full force and effect. 
 Section 7.4 Indenture and Supplemental Indenture Construed Together. This Supplement
Indenture is an indenture supplemental to and in implementation of the Indenture, and the Indenture and this Supplemental Indenture shall henceforth be read and construed together. 

Section 7.5 Confirmation and Preservation of Indenture. The Indenture as supplemented by this Supplemental Indenture is in all
respects confirmed and preserved. 
 Section 7.6 Conflict with Trust Indenture Act. If any provision of this Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939 (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, such provision of the
TIA shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA 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 7.7 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. 

Section 7.8 Benefits of Supplemental Indenture. Nothing in this Supplemental Indenture or the Securities, express or implied,
shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental
Indenture or the Securities; provided, however, that SUPERVALU INC. shall be a third-party beneficiary of Section 2.3 of the Indenture. 

Section 7.9 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. 

  
 [ASC Supplemental
Indenture No. 5] 

 Section 7.10 Certain Duties and Responsibilities of the Trustee. In entering into
this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture and the Securities relating to the conduct of or affecting the liability of or affording protection to the Trustee, whether or not
elsewhere herein so provided. 
 Section 7.11 Governing Law. This Supplemental Indenture shall be governed by, and construed in
accordance with, the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. 

Section 7.12 Countersigned and Multiple Originals. This Agreement may be executed in two or more counterparts, each of which will
be deemed an original. 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. One signed copy is enough to prove this Supplemental
Indenture. 
 Section 7.13 Headings. The Article and Section headings herein have been inserted for convenience of reference
only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

  
 [ASC Supplemental
Indenture No. 5] 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 5 to be
duly executed as of the date first written above. 
  

			
	AMERICAN STORES COMPANY, LLC
		
	By:	 	 NEW ALBERTSON’S, INC.
 its sole
member

		
	By:	 	 /s/ Justin Dye

		 	 Name: Justin Dye
 Title: Chief Operating
Officer

	
	 WELLS FARGO BANK,
 NATIONAL
ASSOCIATION, as Trustee

		
	By:	 	  

	 Name:
 Title:
	 	

  
 [ASC Supplemental
Indenture No. 5] 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 5 to be
duly executed as of the date first written above. 
  

			
	AMERICAN STORES COMPANY, LLC
		
	By:	 	 NEW ALBERTSON’S, INC. 
 its sole
member

		
	By:	 	 /s/ Justin Dye

		 	 Name: Justin Dye
 Title: Chief Operating
Officer

	
	 WELLS FARGO BANK,
 NATIONAL
ASSOCIATION, as Trustee

		
	By:	 	 /s/ Richard Prokosch

	Name:	 	Richard Prokosch
	Title:	 	Vice President

  
 [ASC Supplemental
Indenture No. 5] 

 SUPPLEMENTAL INDENTURE NO. 4 

This SUPPLEMENTAL INDENTURE NO. 4, dated as of March 21, 2013 (the “Supplemental Indenture”), between AMERICAN STORES COMPANY,
LLC, a Delaware limited liability company and formerly a corporation incorporated under the laws of the State of Delaware, known as AMERICAN STORES COMPANY (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, successor trustee
under the Indenture referred to below (the “Trustee”). 
 WITNESSETH: 

WHEREAS, American Stores Company and the original trustee, The First National Bank of Chicago, entered into the Indenture, dated as of
May 1, 1995 (the “Indenture”), providing for the issuance of the unsecured debentures, notes and other evidences of indebtedness of American Stores Company; 

WHEREAS, pursuant to Supplemental Indenture No. 1, dated as of January 23, 2004, the Company expressly assumed the obligations of
American Stores Company under the Indenture; 
 WHEREAS, pursuant to Supplement Indenture No. 2, dated as of July 6, 2005, the
Company caused its then parent corporation, Albertson’s, Inc., a Delaware corporation (the “Guarantor”) to guaranty the obligations of the Company under the Indenture (the “Guarantee”); 

WHEREAS, on June 3, 2006 and as part of the sale of assets, operations and entities of the Guarantor, the Guarantor converted to
Albertson’s LLC, a Delaware limited liability company, and was acquired by private investors, while a number of the Guarantor’s assets, operations and entities, including the Company, were transferred to the Guarantor’s subsidiary New
Albertson’s, Inc., which itself, on the same date, subsequently merged with and into SUPERVALU INC., a Delaware corporation; 

WHEREAS, pursuant to Supplemental Indenture No. 3, dated as of July 21, 2008, the Company added Section 3.11 to the Indenture
to provide for the assignment of the Guarantee to SUPERVALU INC.; 
 WHEREAS, as of the date of this Supplemental Indenture, the following
debentures and notes of the Company (collectively referred to herein as the “Securities”) have been issued under the Indenture and are outstanding: (i) 8.0% Debentures due June 1, 2026; (ii) 7.9% Debentures due 2017;
(iii) 7.5% Debentures due 2037; and (iv) 7.1% Medium Term Notes, Series B, due March 20, 2028; 
 WHEREAS, Section 8.1
of the Indenture provides, among other things, that the Issuer and the Trustee may enter into a supplemental indenture without the consent of the Securityholders to add to the covenants of the Issuer such further covenants, restrictions, conditions
or provisions as the Issuer and the Trustee shall consider to be for the protection of the Securityholders; and 

  

 WHEREAS, in accordance with Section 8.1 of the Indenture, the Issuer wishes to enter into
this Supplemental Indenture to add a covenant to the Indenture that is for the protection of the Securityholders. 
 NOW, THEREFORE, the
Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the Securityholders as follows: 
 ARTICLE I

 ADDITIONAL COVENANT 

Section 1.1 Amendment to the Indenture. The first paragraph of Section 2.3 shall be amended and restated in its entirety as
follows: 
 “Section 2.3. Amount Unlimited: Issuable in Series. The aggregate principal amount of Securities which may be
authenticated and delivered under this Indenture is unlimited; provided, however, that after March [21], 2013 and until the date on which the Guarantee provided pursuant to Section 3.10 of this Indenture (as assigned to and
assumed by SUPERVALU INC. pursuant to that certain Assignment and Assumption Agreement, dated as of July 21, 2008) is released or terminated, no further Securities may be authenticated and delivered under this Indenture without the prior
written consent of SUPERVALU INC., other than in connection with the transfer or exchange of Securities, or the exchange and substitution of any mutilated, defaced, destroyed, lost or stolen Securities.” 

Section 1.2 Trustee’s Acceptance. The Trustee hereby accepts the Supplemental Indenture and agrees to perform the same under
the terms and conditions set forth in the Indenture. 
 ARTICLE II 

MISCELLANEOUS 

Section 2.1 Defined Terms; Effect of Supplemental Indenture. Capitalized terms used herein but not otherwise defined have the
meanings given to them in the Indenture. Upon the execution and delivery of this Supplemental Indenture by the Company and the Trustee, the Indenture shall be supplemented in accordance herewith, and this Supplemental Indenture shall form a part of
the Indenture for all purposes, and every holder of a Security heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 

Section 2.2 Indenture Remains in Full Force and Effect. Except as supplemented hereby, all provisions in the Indenture shall
remain in full force and effect. 
 Section 2.3 Indenture and Supplemental Indenture Construed Together. This Supplement
Indenture is an indenture supplemental to and in implementation of the Indenture, and the Indenture and this Supplemental Indenture shall henceforth be read and construed together. 

  
 2 

 Section 2.4 Confirmation and Preservation of Indenture. The Indenture as supplemented
by this Supplemental Indenture is in all respects confirmed and preserved. 
 Section 2.5 Conflict with Trust Indenture Act. If
any provision of this Supplemental Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939 (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental
Indenture, such provision of the TIA shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA 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 2.6 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. 

Section 2.7 Benefits of Supplemental Indenture. Nothing in this Supplemental Indenture or the Securities, express or implied,
shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental
Indenture or the Securities; provided, however, that SUPERVALU INC. shall be a third-party beneficiary of Section 2.3 of the Indenture. 

Section 2.8 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 2.9 Certain Duties and Responsibilities of the
Trustee. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture and the Securities relating to the conduct of or affecting the liability of or affording protection to the
Trustee, whether or not elsewhere herein so provided. 
 Section 2.10 Governing Law. This Supplemental Indenture shall be
governed by, and construed in accordance with, the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required
thereby. 
 Section 2.11 Countersigned and Multiple Originals. This Agreement may be executed in two or more counterparts, each
of which will be deemed an original. 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. One signed copy is enough to prove this
Supplemental Indenture. 
 Section 2.12 Headings. The Article and Section headings herein have been inserted for convenience of
reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 4 to be duly executed as
of the date first written above. 
  

			
	AMERICAN STORES COMPANY, LLC
		
	By:	 	 NEW ALBERTSON’S, INC.
 its sole
member

		
	By:	 	 

		 	 Name:
 Title:

 [Signature page to Supplemental 

Indenture No. 4] 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 4 to be
duly executed as of the date first written above. 
  

			
	AMERICAN STORES COMPANY, LLC
		
	By:	 	 NEW ALBERTSON’S, INC.
 its sole
member

		
	By:	 	  

		 	 Name:
 Title:

	
	 WELLS FARGO BANK,
 NATIONAL
ASSOCIATION, as Trustee

		
	By:	 	 /s/ Richard Prokosch

	 Name:
 Title:
	 	 Richard Prokosch
 Vice President

  
 4 

 SUPPLEMENTAL INDENTURE NO. 3 

This SUPPLEMENTAL INDENTURE NO. 3, dated as of July 21, 2008 (the “Supplemental Indenture”), between AMERICAN STORES COMPANY, LLC, a
Delaware limited liability company and formerly a corporation incorporated under the laws of the State of Delaware, known as AMERICAN STORES COMPANY (the “Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, successor trustee under the
Indenture referred to below (the “Trustee”). 
 WITNESSETH: 

WHEREAS, American Stores Company and the original trustee, The First National Bank of Chicago, entered into the Indenture, dated as of
May 1, 1995 (the “Indenture”), providing for the issuance of the unsecured debentures, notes and other evidences of indebtedness of American Stores Company; 

WHEREAS, pursuant to Supplemental Indenture No. 1, dated as of January 23, 2004, the Company expressly assumed the obligations of
American Stores Company under the Indenture; 
 WHEREAS, pursuant to Supplement Indenture No. 2, dated as of July 6, 2005, the
Company caused its then parent corporation, Albertson’s, Inc., a Delaware company to Guaranty the obligations of the Company under the Indenture; 

WHEREAS, on June 2, 2006 and as part of the sale of assets, operations and entities of the Guarantor, the Guarantor converted to
Albertson’s LLC, a Delaware limited liability company and was acquired by private investors, while a number of the Guarantor’s assets, operations and entities, including the Company, were transferred to Guarantor’s subsidiary New
Albertson’s, Inc., which itself, on the same date, subsequently merged with an into SUPERVALU INC. a Delaware company. 
 WHEREAS, as
of the date of this Supplemental Indenture, the following debentures and notes of the Company (collectively referred to herein as the “Securities”) have been issued under the Indenture and are outstanding: (i) $350 Million of 8.0%
Debentures due June 1, 2026; (ii) $100 Million of 7.9% Debentures due 2017; (iii) $200 Million of 7.4% Debentures due 2037; and (v) $100 Million of 7.1 % Medium Term Notes, Series B, due March 20, 2028; 

WHEREAS, Section 8.1 of the Indenture provides, among other things, that the Issuer and the Trustee may enter into a supplemental
indenture without the consent of the Securityholders to add to the covenants of the Issuer such further covenants, restrictions, conditions or provisions as the Issuer and the Trustee shall consider to be for the protection of the Securityholders;
and 
 WHEREAS, in accordance with Section 8.1 of the Indenture, the Issuer wishes to enter into this Supplemental Indenture to add a
covenant to the Indenture that is for the protection of the Securityholders. 

  
 1 

 NOW, THEREFORE, the Company and the Trustee mutually covenant and agree for the equal and ratable
benefit of the Securityholders as follows: 
 ARTICLE I 

ADDITIONAL COVENANT 

Section 1.1 Amendment to the Indenture. Section 3.11 shall be added to the Indenture and will state in its entirety as
follows: 
 “Section 3.11. Assignment of Parent Guarantee. Within 30 days of July 21, 2008, Issuer will cause both
(a) Guarantor, Albertson’s, LLC. to assign the Guarantee to SUPERVALU INC. and (b) SUPERVALU INC. to assume, the obligations of the Guarantee by execution of an Assignment and Assumption Agreement. Upon execution of such Assignment
and Assumption Agreement, SUPERVALU INC. shall henceforth take the place of Albertson’s LLC as Guarantor and Albertson’s LLC shall henceforth be released from any and all obligations required of such Guarantor. 

Section 1.2 Form of Assignment and Assumption Agreement. The Assignment and Assumption Agreement to be executed pursuant to
Section 3.11 of the Indenture with respect to the Guarantee shall be substantially in the form attached as Exhibit A to this Supplemental Indenture. 

Section 1.3 Trustee’s Acceptance. The Trustee hereby accepts this Supplemental Indenture and agrees to perform the same under
the terms and conditions set forth in the Indenture. 
 ARTICLE II 

MISCELLANEOUS 

Section 2.1 Defined Terms; Effect of Supplemental Indenture. Capitalized terms used herein but not otherwise defined have the
meanings given to them in the Indenture. Upon the execution and delivery of this Supplemental Indenture by the Company and the Trustee, the Indenture shall be supplemented in accordance herewith, and this Supplemental Indenture shall form a part of
the Indenture for all purposes, and every holder of a Security heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 

Section 2.2 Indenture Remains in Full Force and Effect. Except as supplemented hereby, all provisions in the Indenture shall
remain in full force and effect. 
 Section 2.3 Indenture and Supplemental Indenture Construed Together. This Supplement
Indenture is an indenture supplemental to and in implementation of the Indenture, and the Indenture and this Supplemental Indenture shall henceforth be read and construed together. 

Section 2.4 Confirmation and Preservation of Indenture. The Indenture as supplemented by this Supplemental Indenture is in all
respects confirmed and preserved. 
 Section 2.5 Conflict with Trust Indenture Act. If any provision of this Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939 (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, such provision of the TIA
shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by
this Supplemental Indenture, as the case may be. 

  
 2 

 Section 2.6 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. 

Section 2.7 Benefits of Supplemental Indenture. Nothing in this Supplemental Indenture or the Securities, express or implied,
shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental
Indenture or the Securities. 
 Section 2.8 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 2.9 Certain
Duties and Responsibilities of the Trustee. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture and the Securities relating to the conduct of or affecting the liability
of or affording protection to the Trustee, whether or not elsewhere herein so provided. 
 Section 2.10 Governing Law. This
Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another
jurisdiction would be required thereby. 
 Section 2.11 Countersigned and Multiple Originals. This Agreement may be executed in
two or more counterparts, each of which will be deemed an original. 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. One signed
copy is enough to prove this Supplemental Indenture. 
 Section 2.12 Headings. The Article and Section headings herein have been
inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

[Signatures are on the following page.] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 3 to be
duly executed as of the date first written above. 
  

			
	AMERICAN STORES COMPANY, LLC
		
	By:	 	 NEW ALBERTSON’S, INC.
 its sole
member

		
	By:	 	 /s/ John F. Boyd

		 	 Name: John F. Boyd
 Title: Group Vice President
and Treasurer

	
	 WELLS FARGO BANK,
 NATIONAL
ASSOCIATION

		
	By:	 	  

		 	 Name:
 Title:

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 3 to be
duly executed as of the date first written above. 
  

			
	AMERICAN STORES COMPANY, LLC
		
	By:	 	 NEW ALBERTSON’S, INC.
 its sole
member

		
	By:	 	  

		 	 Name: John F. Boyd
 Title: Group Vice President
and Treasurer

	
	 WELLS FARGO BANK,
 NATIONAL
ASSOCIATION

		
	By:	 	 /s/ David Bergstrom

		 	 Name: David Bergstrom
 Title: Asst. Vice
President

 Exhibit A 

Form of Assignment and Assumption Agreement 

ASSIGNMENT AND ASSUMPTION AGREEMENT 

This ASSIGNMENT AND ASSUMPTION AGREEMENT (the “Assignment”), is entered into this        
day of July, by and between ALBERTSON’S, LLC., a Delaware limited liability company (“Assignor”) and SUPERVALU INC. a Delaware company (“Assignee”). 

WITNESSETH: 
 WHEREAS,
American Stores Company, LLC, a Delaware limited liability company (the “Issuer”), and successor trustee Wells Fargo Bank, National Association, (the “Trustee”) entered into that certain Indenture, dated as of May 1, 1995
(the “Indenture”), providing for the issuance of the unsecured debentures, notes and other evidences of indebtedness of Issuer; 

WHEREAS, Assignor, formerly Albertson’s, Inc., a Delaware company, entered into that certain Guarantee, date as of July 6, 2005,
(the “Guarantee”), a copy of which is attached hereto as Exhibit A, wherein Assignor agreed to guarantee the Issuer’s duties and obligations under the Indenture; 

WHEREAS, on June 2, 2006 and as part of the sale of assets, operations and entities of the Assignor, Assignor converted to
Albertson’s LLC, a Delaware limited liability company and was acquired by private investors, while a number of the Assignor’s assets, operations and entities, including Issuer, were transferred to Assignor’s subsidiary, New
Albertson’s, Inc., which itself, on the same date, subsequently merged with an into Assignee; and 
 WHEREAS, Assignor wishes to assign
and Assignor wishes to assume the Guarantee and all the duties and obligations attendant thereto. 
 NOW, THEREFORE, in consideration of the
promises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor and Assignee agree as follows: 

1. As of the date first written above (the “Effective Date”), Assignor hereby assigns to Assignee the Guarantee and all of the
duties and obligations under the Guarantee. 
 2. As of the Effective Date, Assignee hereby assumes the Guarantee and all of the duties and
obligations of Assignor arising under the Guarantee. 
 3. As of the Effective Date and henceforth, Assignor shall be released and relieved
of all duties and obligations of the Guarantee. 
 4. This Agreement may be executed in two or more counterparts, each of which will be
deemed an original. 
 IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment as of the date first above written. 

[Signatures are on the following page.] 

  

 
			
	 ASSIGNOR: ALBERTSON’S LLC

		
	By:	 	  

		 	 Name:
 Title:

	
	ASSIGNEE: SUPERVALU INC.
		
	By:	 	  

		 	 Name: John F. Boyd
 Title: Group Vice President
and Treasurer

	
	ACKNOWLEDGED BY
	
	TRUSTEE: WELLS FARGO BANK,
	NATIONAL ASSOCIATION
		
	By:	 	  

		 	 Name:
 Title:

  

 Exhibit A 

Guarantee 
 GUARANTEE

 From and after July 6, 2005, the undersigned, Albertson’s, Inc. (the “Guarantor”), hereby unconditionally
guarantees (this “Guarantee”) (a) the due and punctual payment of the principal of, premium, if any, and interest on the 8% Debentures due June 1, 2026 (the “Debentures”) of American Stores Company, LLC, a Delaware
limited liability company and formerly a Delaware corporation known as American Stores Company (the “Issuer”), whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on overdue principal of and interest
on the Debentures, if any, if lawful, and the due and punctual performance of all other obligations of the Issuer to the Securityholders or the Trustee with respect to the Debentures under the terms of the Indenture, dated as of May 1, 1995 (as
supplemented, the “Indenture”), between American Stores Company and The First National Bank of Chicago, as trustee and (b) in case of any extension of time of payment or renewal of any Debentures or any of such other obligations, that
the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

The Guarantor hereby agrees that, to the fullest extent permitted by applicable law, its obligations hereunder are unconditional, irrespective
of the validity, regularity or enforceability of the Debentures or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Securityholder with respect to any provisions hereof or thereof, the recovery of any
judgment against the Issuer, any action to enforce the same or any other circumstance that might otherwise constitute a legal or equitable discharge or defense of a guarantor. The Guarantor hereby waives, to the fullest extent permitted by
applicable law, diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever
and covenant that this Guarantee will not be discharged except by complete performance of the obligations contained in the Debentures and the Indenture. 

If any Securityholder or the Trustee is required by any court or otherwise to return to the Issuer, the Guarantor or any custodian, trustee,
liquidator or other similar official acting in relation to either the Issuer or the Guarantor, any amount paid by either to the Trustee or such Securityholder, this Guarantee, to the extent theretofore discharged, will be reinstated in full force
and effect. 
 The Guarantor agrees that it will not be entitled to any right of subrogation in relation to the Securityholders in respect
of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. The Guarantor further agrees that, as between the Guarantor, on the one hand, and the Securityholders and the Trustee, on the other hand, (1) the
maturity of the obligations guaranteed hereby may be accelerated as provided in Article 5 of the Indenture for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the
obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 5 of the Indenture, such obligations (whether or not due and payable) will forthwith become due and payable by the
Guarantor for the purpose of this Guarantee. 

  

 Upon satisfaction and discharge of the Debentures as provided in Article 11 under the Indenture,
the Guarantor will be released and relieved of any obligations under this Guarantee. 
 This Guarantee will be limited to an amount not to
exceed the maximum amount that can be guaranteed by the Guarantor after giving effect to all of its other contingent and fixed liabilities without rendering the Guarantee, as it relates to the Guarantor, voidable under applicable law relating to
fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally. 
 Capitalized terms used but not
defined herein have the meanings given to them in the Indenture. 
  

			
	ALBERTSON’S, INC.
		
	By:	 	 /s/ John Boyd

	Name:	 	John Boyd
	Title:	 	Group Vice President & Treasurer

  

 SUPPLEMENTAL INDENTURE NO. 2 

This SUPPLEMENTAL INDENTURE NO. 2, dated as of July 6, 2005 (the “Supplemental Indenture”), between AMERICAN STORES COMPANY,
LLC, a Delaware limited liability company and formerly a corporation incorporated under the laws of the State of Delaware, known as AMERICAN STORES COMPANY (the “Company”), and J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, successor
trustee under the Indenture referred to below (the “Trustee”). 
 WITNESSETH: 

WHEREAS, American Stores Company and the original trustee, The First National Bank of Chicago, entered into the Indenture, dated as of
May 1, 1995 (the “Indenture”), providing for the issuance of the unsecured debentures, notes and other evidences of indebtedness of American Stores Company; 

WHEREAS, pursuant to Supplemental Indenture No. 1, dated as of January 23, 2004, the Company expressly assumed the obligations of
American Stores Company under the Indenture; 
 WHEREAS, as of the date of this Supplemental Indenture, the following debentures and notes
of the Company (collectively referred to herein as the “Securities”) have been issued under the Indenture and are outstanding: (i) 8.0% Debentures due June 1, 2026; (ii) 7.9% Debentures due May 1, 2017; (iii) 7.5%
Debentures due May 1, 2037; (iv) 6.5% Medium Term Notes, Series B, due March 20, 2008; and (v) 7.1% Medium Term Notes, Series B, due March 20, 2028; 

WHEREAS, Section 8.1 of the Indenture provides, among other things, that the Issuer and the Trustee may enter into a supplemental
indenture without the consent of the Securityholders to add to the covenants of the Issuer such further covenants, restrictions, conditions or provisions as the Issuer and the Trustee shall consider to be for the protection of the Securityholders;
and 
 WHEREAS, in accordance with Section 8.1 of the Indenture, the Issuer wishes to enter into this Supplemental Indenture to add a
covenant to the Indenture that is for the protection of the Securityholders. 
 NOW, THEREFORE, the Company and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Securityholders as follows: 
 ARTICLE I 

ADDITIONAL COVENANT 

Section 1.1 Amendment to the Indenture. Section 3.10 shall be added to the Indenture and will state in its entirety as
follows: 
 “Section 3.10. Parent Guarantee. Within 30 days of July 6, 2005, Issuer will cause its parent,
Albertson’s, Inc. (the “Guarantor”), to unconditionally guarantee payment of the due and punctual payment of the principal of, premium, if any, and interest on the Securities, whether at maturity, by acceleration or otherwise, the due
and punctual payment of interest on overdue principal of and interest on the Securities, if any, if lawful, and the due and punctual performance of all other obligations of the Issuer to the Securityholders or the Trustee with respect to the
Securities under the terms of this Indenture (the “Guarantee”).” 

  

 Section 1.2 Form of Guarantee. The Guarantee to be executed by the Guarantor pursuant
to Section 3.10 of the Indenture with respect to any Securities shall be substantially in the form attached as Exhibit A to this Supplemental Indenture. 

Section 1.3 Trustee’s Acceptance. The Trustee hereby accepts this Supplemental Indenture and agrees to perform the same under
the terms and conditions set forth in the Indenture. 
 ARTICLE II 

MISCELLANEOUS 

Section 2.1 Defined Terms; Effect of Supplemental Indenture. Capitalized terms used herein but not otherwise defined have the
meanings given to them in the Indenture. Upon the execution and delivery of this Supplemental Indenture by the Company and the Trustee, the Indenture shall be supplemented in accordance herewith, and this Supplemental Indenture shall form a part of
the Indenture for all purposes, and every holder of a Security heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 

Section 2.2 Indenture Remains in Full Force and Effect. Except as supplemented hereby, all provisions in the Indenture shall
remain in full force and effect. 
 Section 2.3 Indenture and Supplemental Indenture Construed Together. This Supplement
Indenture is an indenture supplemental to and in implementation of the Indenture, and the Indenture and this Supplemental Indenture shall henceforth be read and construed together. 

Section 2.4 Confirmation and Preservation of Indenture. The Indenture as supplemented by this Supplemental Indenture is in all
respects confirmed and preserved. 
 Section 2.5 Conflict with Trust Indenture Act. If any provision of this Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939 (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, such provision of the TIA
shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA 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 2.6 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. 

Section 2.7 Benefits of Supplemental Indenture. Nothing in this Supplemental Indenture or the Securities, express or implied,
shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental
Indenture or the Securities. 

  
 2 

 Section 2.8 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 2.9
Certain Duties and Responsibilities of the Trustee. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture and the Securities relating to the conduct of or affecting the
liability of or affording protection to the Trustee, whether or not elsewhere herein so provided. 
 Section 2.10 Governing Law.
This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another
jurisdiction would be required thereby. 
 Section 2.11 Multiple 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. One signed copy is enough to prove this Supplemental Indenture. 

Section 2.12 Headings. The Article and Section headings herein have been inserted for convenience of reference only, are not
intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 
 [Signatures are on the
following page.] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 2 to be
duly executed as of the date first written above. 
  

			
	AMERICAN STORES COMPANY, LLC
		
	By:	 	 ALBERTSON’S, INC.
 its sole
member

		
	By:	 	 /s/ John Boyd

		 	 Name: John Boyd
 Title: Group Vice President
& Treasurer

	
	 J.P. MORGAN TRUST COMPANY,
 NATIONAL
ASSOCIATION, as Trustee

		
	By:	 	  

		 	 Name:
 Title:

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 2 to be
duly executed as of the date first written above. 
  

			
	AMERICAN STORES COMPANY, LLC
		
	By:	 	 ALBERTSON’S, INC.
 its sole
member

		
	By:	 	  

		 	 Name: John Boyd
 Title: Group Vice President
& Treasurer

	
	 J.P. MORGAN TRUST COMPANY,
 NATIONAL
ASSOCIATION, as Trustee

		
	By:	 	 /s/ Sharon McGrath

		 	 Name: Sharon McGrath
 Title: Asst. Vice
President

  
 1 

 Exhibit A 

GUARANTEE 
 From
and after July 6, 2005, the undersigned, Albertson’s, Inc. (the “Guarantor”), hereby unconditionally guarantees (this “Guarantee”) (a) the due and punctual payment of the principal of, premium, if any, and interest
on the             % [Debentures] [Notes] due             (the [“Debentures”] [“Notes”]) of American
Stores Company, LLC, a Delaware limited liability company and formerly a Delaware corporation known as American Stores Company (the “Issuer”), whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on
overdue principal of and interest on the [Debentures] [Notes], if any, if lawful, and the due and punctual performance of all other obligations of the Issuer to the Securityholders or the Trustee with respect to the [Debentures] [Notes] under the
terms of the Indenture, dated as of May 1, 1995 (as supplemented, the “Indenture”), between American Stores Company and The First National Bank of Chicago, as trustee and (b) in case of any extension of time of payment or renewal
of any [Debentures] [Notes] or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

The Guarantor hereby agrees that, to the fullest extent permitted by applicable law, its obligations hereunder are unconditional, irrespective
of the validity, regularity or enforceability of the [Debentures] [Notes] or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Securityholder with respect to any provisions hereof or thereof, the recovery of
any judgment against the Issuer, any action to enforce the same or any other circumstance that might otherwise constitute a legal or equitable discharge or defense of a guarantor. The Guarantor hereby waives, to the fullest extent permitted by
applicable law, diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever
and covenant that this Guarantee will not be discharged except by complete performance of the obligations contained in the [Debentures] [Notes] and the Indenture. 

If any Securityholder or the Trustee is required by any court or otherwise to return to the Issuer, the Guarantor or any custodian, trustee,
liquidator or other similar official acting in relation to either the Issuer or the Guarantor, any amount paid by either to the Trustee or such Securityholder, this Guarantee, to the extent theretofore discharged, will be reinstated in full force
and effect. 
 The Guarantor agrees that it will not be entitled to any right of subrogation in relation to the Securityholders in respect
of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. The Guarantor further agrees that, as between the Guarantor, on the one hand, and the Securityholders and the Trustee, on the other hand, (1) the
maturity of the obligations guaranteed hereby may be accelerated as provided in Article 5 of the Indenture for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the
obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 5 of the Indenture, such obligations (whether or not due and payable) will forthwith become due and payable by the
Guarantor for the purpose of this Guarantee. 

 Upon satisfaction and discharge of the [Debentures] [Notes] as provided in Article 11 under the
Indenture, the Guarantor will be released and relieved of any obligations under this Guarantee. 
 This Guarantee will be limited to an
amount not to exceed the maximum amount that can be guaranteed by the Guarantor after giving effect to all of its other contingent and fixed liabilities without rendering the Guarantee, as it relates to the Guarantor, voidable under applicable law
relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally. 
 Capitalized terms
used but not defined herein have the meanings given to them in the Indenture. 
  

			
	ALBERTSON’S, INC.
		
	By:	 	  

	 Name:
 Title:
	 	

 SUPPLEMENTAL INDENTURE NO. 1 

This SUPPLEMENTAL INDENTURE NO. 1 dated as of January 23, 2004 (the “Supplemental Indenture”), between AMERICAN STORES COMPANY,
LLC, a Delaware limited liability company and formerly a corporation incorporated under the laws of the State of Delaware, known as AMERICAN STORES COMPANY (the “Company”), and J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, successor
trustee under the Indenture referred to below (the “Trustee”). 
 WITNESSETH: 

WHEREAS, prior to the Conversion referred to below, American Stores Company, a Delaware corporation, and the original trustee, The First
National Bank of Chicago, entered into the Indenture, dated as of May 1, 1995 the “Indenture”), providing for the issuance of the unsecured debentures, notes and other evidences of indebtedness of American Stores Company; and 

WHEREAS, as of the date of this Supplemental Indenture, the following debentures and notes of American Stores Company (collectively referred
to herein as the “Securities”) have been issued under the Indenture and are outstanding: (i) $200 Million of 7.4% Debentures due May 15, 2005; (ii) $350 Million of 8.0% Debentures due June 1, 2026; (iii) $100
Million of 7.9% Debentures due 2017; (iv) $200 Million of 7.5% Debentures due 2037; (v) $45 Million of 6.5% Medium Term Notes, Series B, due March 20, 2008; and (vi) $100 Million of 7.1% Medium Term Notes, Series B, due
March 20, 2028; and 
 WHEREAS, effective as of the date hereof, American Stores Company has filed a Certificate of Conversion with the
Secretary of State of the state of Delaware, pursuant to which it has converted from a Delaware corporation into a Delaware limited liability company known as American Stores Company, LLC (the “Conversion”); and 

WHEREAS, Section 266(d) of the Delaware General Corporation Law provides that the conversion of a Delaware corporation into a Delaware
limited liability company shall not be deemed to affect any obligations or liabilities of such corporation incurred prior to such conversion; and 

WHEREAS, Section 266(f) of the Delaware General Corporation Law provides that unless otherwise provided in the resolution of conversion,
the converting corporation shall not be required to wind up its affairs or pay its liabilities and distribute its assets, and the conversion shall not constitute a dissolution of such corporation and shall constitute a continuation of the existence
of the converting corporation in the form of the Delaware Limited Liability Company; and 
  

 WHEREAS, Section 18-214 of the Delaware Limited Liability Company Act (the
“DLLCA”) provides that all of the rights, privileges and powers of a Delaware corporation that has converted into a Delaware limited liability company, and all property, real, personal and mixed, and all debts due to such corporation, as
well as all other things and causes of action belonging to such corporation, remain vested in the limited liability company to which such corporation has converted and shall be the property of such limited liability company, and the title to any
real property vested by deed or otherwise in such corporation shall not revert or be in any way impaired by reason of such conversion, and all rights of creditors and all liens upon any property of such corporation shall be preserved unimpaired, and
all debts, liabilities and duties of such corporation shall remain attached to the Delaware limited liability company to which such corporation has converted, and may be enforced against it to the same extent as if said debts, liabilities and duties
had originally been incurred or contracted by it in its capacity as a limited liability company, and the rights, privileges, powers and interests in property of such corporation, as well as the debts, liabilities and duties of such corporation,
shall not be deemed, as a consequence of the conversion, to have been transferred to the Delaware limited liability company for any purpose of the laws of the State of Delaware; and 

WHEREAS, as a result of the Conversion and without need for any further action, the Securities and the Indenture are the continuing
obligations of the Company; and 
 WHEREAS, the Company and the Trustee are entering into this Supplemental Indenture to reflect the
foregoing; 
 NOW, THEREFORE, the Company and the Trustee mutually covenant and agree for the equal and ratable benefit of the holders of
the Securities as follows: 
 ARTICLE 1 

Assumption and Confirmation by the Company 

Section 1.1 Assumption and Confirmation of the Securities. The Company hereby expressly assumes, agrees and confirms its
continuing obligation notwithstanding the Conversion, promptly to pay, perform and discharge when due each and every debt, obligation, covenant and agreement incurred, made or to be paid, performed or discharged by the Company under the Indenture
and the Securities. The Company hereby confirms (i) its continuing agreement to be bound by all the terms, provisions and conditions of the Indenture and the Securities notwithstanding the Conversion, and (ii) that it may exercise every right
and power of the Company under the Indenture and the Securities notwithstanding the Conversion. 
 Section 1.2 Trustee’s
Acceptance. The Trustee hereby accepts this Supplemental Indenture and agrees to perform the same under the terms and conditions set forth in the Indenture. 

ARTICLE 2 

Miscellaneous 

Section 2.1 Defined Terms; Effect of Supplemental Indenture. Capitalized terms used herein but not otherwise defined have the
meanings given to them in the Indenture. Upon the execution and delivery of this Supplemental Indenture by the Company and the Trustee, the Indenture shall be supplemented in accordance herewith, and this Supplemental Indenture shall form a part of
the Indenture for all purposes, and every holder of a Security heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 
  

  
 2 

 Section 2.2 Indenture Remains in Full Force and Effect. Except as supplemented
hereby, all provisions in the Indenture shall remain in full force and effect. 
 Section 2.3 Indenture and Supplemental Indenture
Construed Together. This Supplemental Indenture is an indenture supplemental to and in implementation of the Indenture, and the Indenture and this Supplemental Indenture shall henceforth be read and construed together. 

Section 2.4 Confirmation and Preservation of Indenture. The Indenture as supplemented by this Supplemental Indenture is in all
respects confirmed and preserved. 
 Section 2.5 Conflict with Trust Indenture Act. If any provision of this Supplemental
Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act of 1939 (the “TIA”) that is required under the TIA to be part of and govern any provision of this Supplemental Indenture, such provision of the TIA
shall control. If any provision of this Supplemental Indenture modifies or excludes any provision of the TIA that may be so modified or excluded, the provision of the TIA 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 2.6 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. 

Section 2.7 Benefits of Supplemental Indenture. Nothing in this Supplemental Indenture or the Securities, express or implied,
shall give to any Person, other than the parties hereto and thereto and their successors hereunder and thereunder and the holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Supplemental
Indenture or the Securities. 
 Section 2.8 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 2.9 Certain
Duties and Responsibilities of the Trustee. In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture and the Securities relating to the conduct of or affecting the liability
of or affording protection to the Trustee, whether or not elsewhere herein so provided. 
 Section 2.10 Governing Law. This
Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another
jurisdiction would be required thereby. 

  
 3 

 Section 2.11 Multiple 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. One signed copy is enough to prove this Supplemental Indenture. 

Section 2.12 Headings. The Article and Section headings herein have been inserted for convenience of reference only, are not
intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 
 IN WITNESS WHEREOF, the
parties hereto have caused this Supplemental Indenture No. 1 to be duly executed as of the date first written above. 
  

							
	AMERICAN STORES COMPANY, LLC
		
	BY:	 	 ALBERTSON’S, INC.
 ITS SOLE
MEMBER

			
		 	By:	 	 /s/ Paul G. Rowan

		 		 	Name:	 	PAUL G. ROWAN
		 		 	Title:	 	SENIOR VICE PRESIDENT
	
	J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Janice Ott Rotunno

		 	Name:	 	JANICE OTT ROTUNNO
		 	Title:	 	VICE PRESIDENT

  
 4 

  

 
 AMERICAN STORES COMPANY 

AND 
 THE FIRST NATIONAL BANK OF
CHICAGO 
 Senior Indenture 

Dated as of May 1, 1995 
  

 
  

 
  

 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	Page	 
	 PARTIES
	  	 	1	 
		
	 RECITALS
	  			
		
	 Authorization of Indenture
	  	 	1	 
	 Compliance with Legal Requirements
	  	 	1	 
	 Purpose of and Consideration for Indenture
	  	 	1	 
			
		 	ARTICLE ONE	  			
			
		 	DEFINITIONS	  			
			
	 SECTION 1.1.
	 	Certain Terms Defined	  	 	1	 
		 	Affiliate	  	 	2	 
		 	Attributable Debt	  	 	2	 
		 	Authenticating Agent	  	 	2	 
		 	Authorized Newspaper	  	 	2	 
		 	Board of Directors	  	 	3	 
		 	Board Resolution	  	 	3	 
		 	Business Day	  	 	3	 
		 	Capital Lease	  	 	3	 
		 	Commission	  	 	3	 
		 	Common Stock	  	 	3	 
		 	Consolidated	  	 	3	 
		 	Corporate Trust Office	  	 	4	 
		 	Coupon	  	 	4	 
		 	Depositary	  	 	4	 
		 	Dollar	  	 	4	 
		 	ECU	  	 	4	 
		 	Event of Default	  	 	4	 
		 	Foreign Currency	  	 	4	 
		 	Funded Indebtedness	  	 	4	 
		 	Holder, Holder of Securities, Securityholder	  	 	4	 
		 	Indebtedness	  	 	5	 
		 	Indenture	  	 	5	 
		 	Interest	  	 	5	 
		 	Issuer	  	 	5	 
		 	Issuer Order	  	 	5	 
		 	Judgment Currency	  	 	5	 

							
	 	 	 	  	Page	 
		 	Market Exchange Rate	  	 	5	 
		 	Net Tangible Assets	  	 	5	 
		 	Non-Restricted Subsidiary	  	 	6	 
		 	Officer’s Certificate	  	 	6	 
		 	Operating Assets	  	 	6	 
		 	Operating Property	  	 	6	 
		 	Opinion of Counsel	  	 	6	 
		 	original issue date	  	 	6	 
		 	Original Issue Discount Security	  	 	7	 
		 	Outstanding	  	 	7	 
		 	Periodic Offering	  	 	8	 
		 	Person	  	 	8	 
		 	principal	  	 	8	 
		 	record date	  	 	8	 
		 	Registered Global Security	  	 	8	 
		 	Registered Security	  	 	8	 
		 	Required Currency	  	 	8	 
		 	Responsible Officer	  	 	9	 
		 	Restricted Subsidiaries	  	 	9	 
		 	Security or Securities	  	 	9	 
		 	Significant Subsidiary	  	 	9	 
		 	Subsidiary	  	 	9	 
		 	Trust Indenture Act of 1939	  	 	9	 
		 	Trustee	  	 	9	 
		 	Unregistered Security	  	 	9	 
		 	U.S. Government Obligations	  	 	9	 
		 	Yield to Maturity	  	 	9	 
			
		 	ARTICLE TWO	  			
			
		 	SECURITIES	  			
			
	 SECTION 2.1.
	 	Forms Generally	  	 	10	 
	 SECTION 2.2.
	 	Form of Trustee’s Certificate of Authentication	  	 	10	 
	 SECTION 2.3.
	 	Amount Unlimited; Issuable in Series	  	 	11	 
	 SECTION 2.4.
	 	Authentication and Delivery of Securities	  	 	14	 
	 SECTION 2.5.
	 	Execution of Securities	  	 	18	 
	 SECTION 2.6.
	 	Certificate of Authentication	  	 	18	 
	 SECTION 2.7.
	 	Denomination and Date of Securities; Payments of Interest	  	 	19	 
	 SECTION 2.8.
	 	Registration, Transfer and Exchange	  	 	20	 
	 SECTION 2.9.
	 	Mutilated, Defaced, Destroyed, Lost and Stolen Securities	  	 	24	 
	 SECTION 2.10.
	 	Cancellation of Securities; Disposition Thereof	  	 	25	 
	 SECTION 2.11.
	 	Temporary Securities	  	 	26	 

  
 - ii - 

							
	 	 	 	  	Page	 
	SECTION 2.12.	 	 Availability of Currency of Payment in Respect of Securities
	  	 	27	 
			
		 	ARTICLE THREE	  			
			
		 	COVENANTS OF THE ISSUER	  			
			
	SECTION 3.1.	 	 Payment of Principal and Interest
	  	 	28	 
	SECTION 3.2.	 	 Offices for Payments, etc
	  	 	29	 
	SECTION 3.3.	 	 Appointment to Fill a Vacancy in Office of Trustee
	  	 	30	 
	SECTION 3.4.	 	 Paying Agents
	  	 	30	 
	SECTION 3.5.	 	 Certificate of the Issuer
	  	 	31	 
	SECTION 3.6.	 	 Luxembourg Publications
	  	 	32	 
	SECTION 3.7.	 	 Limitations on Liens
	  	 	32	 
	SECTION 3.8.	 	 Limitations on Sale and Lease-Back
	  	 	35	 
	SECTION 3.9.	 	 Reports by the Issuer
	  	 	36	 
			
		 	 ARTICLE FOUR
	  			
			
		 	 SECURITYHOLDERS LISTS AND REPORTS BY THE TRUSTEE
	  			
			
	SECTION 4.1.	 	 Securityholders Lists
	  	 	37	 
	SECTION 4.2.	 	 Reports by the Trustee
	  	 	37	 
			
		 	ARTICLE FIVE	  			
			
		 	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	  			
			
	SECTION 5.1.	 	 Event of Default Defined; Acceleration of Maturity; Waiver of Default
	  	 	37	 
	SECTION 5.2.	 	 Collection of Indebtedness by Trustee; Trustee May Prove Debt
	  	 	41	 
	SECTION 5.3.	 	 Application of Proceeds
	  	 	44	 
	SECTION 5.4.	 	 Suits for Enforcement
	  	 	45	 
	SECTION 5.5.	 	 Restoration of Rights on Abandonment of Proceedings
	  	 	46	 
	SECTION 5.6.	 	 Limitations on Suits by Securityholders
	  	 	46	 
	SECTION 5.7.	 	 Unconditional Right of Securityholders to Institute Certain Suits
	  	 	47	 
	SECTION 5.8.	 	 Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default
	  	 	47	 
	SECTION 5.9.	 	 Control by Holders of Securities
	  	 	47	 

  
 - iii - 

							
	 	 	 	  	Page	 
	SECTION 5.10.	 	 Waiver of Past Defaults
	  	 	48	 
	SECTION 5.11.	 	 Trustee to Give Notice of Default, But May Withhold in Certain Circumstances
	  	 	49	 
	SECTION 5.12.	 	 Right of Court to Require Filing of Undertaking to Pay Costs
	  	 	49	 
			
		 	ARTICLE SIX	  			
			
		 	CONCERNING THE TRUSTEE	  			
			
	SECTION 6.1.	 	 Duties and Responsibilities of the Trustee; During Default; Prior to Default
	  	 	50	 
	SECTION 6.2.	 	 Certain Rights of the Trustee
	  	 	51	 
	SECTION 6.3.	 	 Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds
Thereof
	  	 	53	 
	SECTION 6.4.	 	 Trustee and Agents May Hold Securities or Coupons; Collections, etc.
	  	 	53	 
	SECTION 6.5.	 	 Moneys Held by Trustee
	  	 	53	 
	SECTION 6.6.	 	 Compensation and Indemnification of Trustee and Its Prior Claim
	  	 	54	 
	SECTION 6.7.	 	 Right of Trustee to Rely on Officer’s Certificate, etc.
	  	 	55	 
	SECTION 6.8.	 	 Persons Eligible for Appointment as Trustee
	  	 	55	 
	SECTION 6.9.	 	 Resignation and Removal; Appointment of Successor Trustee
	  	 	55	 
	SECTION 6.10.	 	 Acceptance of Appointment by Successor Trustee
	  	 	57	 
	SECTION 6.11.	 	 Merger, Conversion, Consolidation or Succession to Business of Trustee
	  	 	59	 
	SECTION 6.12.	 	 Appointment of Authenticating Agent
	  	 	60	 
			
		 	ARTICLE SEVEN	  			
			
		 	CONCERNING THE SECURITYHOLDERS	  			
			
	SECTION 7.1.	 	 Evidence of Action Taken by Securityholders
	  	 	61	 
	SECTION 7.2.	 	 Proof of Execution of Instruments and of Holding of Securities
	  	 	61	 
	SECTION 7.3.	 	 Holders to be Treated as Owners
	  	 	62	 
	SECTION 7.4.	 	 Securities Owned by Issuer Deemed Not Outstanding
	  	 	63	 

  
 - iv - 

							
	 	 	 	  	Page	 
	SECTION 7.5.	 	 Right of Revocation of Action Taken
	  	 	64	 
	SECTION 7.6.	 	 Record Date for Consents and Waivers
	  	 	64	 
			
		 	ARTICLE EIGHT	  			
			
		 	SUPPLEMENTAL INDENTURES	  			
			
	SECTION 8.1.	 	 Supplemental Indentures Without Consent of Securityholders
	  	 	65	 
	SECTION 8.2.	 	 Supplemental Indentures With Consent of Securityholders
	  	 	66	 
	SECTION 8.3.	 	 Effect of Supplemental Indenture
	  	 	69	 
	SECTION 8.4.	 	 Documents to Be Given to Trustee
	  	 	69	 
	SECTION 8.5.	 	 Notation on Securities in Respect of Supplemental Indentures
	  	 	69	 
			
		 	ARTICLE NINE	  			
			
		 	CONSOLIDATION, MERGER, SALE OR CONVEYANCE	  			
			
	SECTION 9.1.	 	 Covenant Not to Merge, Consolidate, Sell or Convey Property Except Under Certain
Conditions
	  	 	70	 
	SECTION 9.2.	 	 Successor Corporation Substituted
	  	 	70	 
	SECTION 9.3.	 	 Opinion of Counsel Delivered to Trustee
	  	 	71	 
			
		 	ARTICLE TEN	  			
			
		 	SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS	  			
			
	SECTION 10.1.	 	 Satisfaction and Discharge of Indenture
	  	 	71	 
	SECTION 10.2.	 	 Application by Trustee of Funds Deposited for Payment of Securities
	  	 	75	 
	SECTION 10.3.	 	 Repayment of Moneys Held by Paying Agent
	  	 	75	 
	SECTION 10.4.	 	 Return of Moneys Held By Trustee and Paying Agent Unclaimed for One Year
	  	 	75	 
	SECTION 10.5.	 	 Indemnity For U.S. Government Obligations
	  	 	76	 

  
 - v - 

							
	 	 	 	  	Page	 
		 	ARTICLE ELEVEN	  			
			
		 	MISCELLANEOUS PROVISIONS	  			
			
	SECTION 11.1.	 	 Partners, Incorporators, Stockholders, Employees, Officers and Directors of Issuer Exempt from
Individual Liability
	  	 	76	 
	SECTION 11.2.	 	 Provisions of Indenture for the Sole Benefit of Parties and Holders of Securities and
Coupons
	  	 	76	 
	SECTION 11.3.	 	 Successors and Assigns of Issuer Bound by Indenture
	  	 	77	 
	SECTION 11.4.	 	 Notices and Demands on Issuer, Trustee and Holders of Securities and Coupons
	  	 	77	 
	SECTION 11.5.	 	 Officer’s Certificates and Opinions of Counsel; Statements to Be Contained Therein
	  	 	78	 
	SECTION 11.6.	 	 Payments Due on Saturdays, Sundays and Holidays
	  	 	79	 
	SECTION 11.7.	 	 Conflict of Any Provision of Indenture with Trust Indenture Act of 1939
	  	 	80	 
	SECTION 11.8.	 	 New York Law to Govern
	  	 	80	 
	SECTION 11.9.	 	 Counterparts
	  	 	80	 
	SECTION 11.10.	 	 Effect of Headings
	  	 	80	 
	SECTION 11.11.	 	 Securities in a Foreign Currency or in ECUs
	  	 	80	 
	SECTION 11.12.	 	 Judgment Currency
	  	 	81	 
	SECTION 11.13.	 	 Calculation of Original Issue Discount; Calculation of Foreign Currency Equivalents; Certain
Information Concerning Tax Reporting
	  	 	81	 
			
		 	ARTICLE TWELVE	  			
			
		 	REDEMPTION OF SECURITIES AND SINKING FUNDS	  			
			
	SECTION 12.1.	 	 Applicability of Article
	  	 	82	 
	SECTION 12.2.	 	 Notice of Redemption; Partial Redemptions
	  	 	83	 
	SECTION 12.3.	 	 Payment of Securities Called for Redemption
	  	 	85	 
	SECTION 12.4.	 	 Exclusion of Certain Securities from Eligibility for Selection for Redemption
	  	 	86	 

  
 - vi - 

							
	 	 	 	  	Page	 
	SECTION 12.5.	 	Mandatory and Optional Sinking Funds	  	 	86	 
		
	TESTIMONIUM	  	 	90	 
		
	SIGNATURES	  	 	90	 

  
 - vii - 

 THIS INDENTURE, dated as of May 1, 1995 between AMERICAN STORES COMPANY, a Delaware
corporation (the “Issuer”), and THE FIRST NATIONAL BANK OF CHICAGO, a national banking association, as trustee (the “Trustee”), 

WITNESSETH: 
 WHEREAS, the Issuer
has duly authorized the issue from time to time of its unsecured debentures, notes or other evidences of indebtedness to be issued in one or more series (the “Securities”) up to such principal amount or amounts as may from time to time be
authorized in accordance with the terms of this Indenture; 
 WHEREAS, the Issuer has duly authorized the execution and delivery of this
Indenture to provide, among other things, for the authentication, delivery and administration of the Securities; and 
 WHEREAS, all things
necessary to make this Indenture a valid indenture and agreement according to its terms have been done; 
 NOW, THEREFORE: 

In consideration of the premises and the purchases of the Securities by the holders thereof, the Issuer and the Trustee mutually covenant and
agree for the equal and proportionate benefit of the respective holders from time to time of the Securities and of the coupons, if any, appertaining thereto as follows: 

ARTICLE ONE 
 DEFINITIONS

 SECTION 1.1 Certain Terms Defined. The following terms (except as otherwise expressly provided or unless the context otherwise
clearly requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939 or
the definitions of which in the Securities Act of 1933 are referred to in the Trust Indenture Act of 1939, including terms defined therein by reference to the Securities Act of 1933 (except as herein otherwise expressly provided or unless the
context otherwise clearly requires), shall have the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in 

 
force at the date of this Indenture. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted
accounting principles, and the term “generally accepted accounting principles” means such accounting principles as are generally accepted at the time of any computation. 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. The terms defined in this
Article have the meanings assigned to them in this Article and include the plural as well as the singular. 
 “Affiliate”
means any Person which directly or indirectly controls, or is controlled by, or under common control with, the Issuer. 

“Attributable Debt” when used in connection with a Sale and Lease-Back Transaction shall mean, as of any particular time, the
aggregate of present values (discounted at a rate per annum equal to the average interest borne by all Outstanding Securities determined on a weighted average basis and compounded semi-annually) of the obligations of the Issuer or any Subsidiary for
net rental payments during the remaining term of the applicable lease (including any period for which such lease has been extended or may, at the option of the lessor, be extended). The term “net rental payments” under any lease of any
period shall mean the sum of the rental and other payments required to be paid in such period by the lessee thereunder, not including, however, any amounts required to be paid by such lessee (whether or not designated as rental or additional rental)
on account of maintenance and repairs, reconstruction, insurance, taxes, assessments, water rates or similar charges required to be paid by such lessee thereunder or any amounts required to be paid by such lessee thereunder contingent upon the
amount of sales, maintenance and repairs, reconstruction, insurance, taxes, assessments, water rates or similar charges. 

“Authenticating Agent” shall have the meaning set forth in Section 6.12. 

“Authorized Newspaper” means a newspaper (which, in the case of The City of New York, will, if practicable, be The Wall
Street Journal (Eastern Edition), in the case of the United Kingdom, will, if practicable, be the Financial Times (London Edition) and, in the case of Luxembourg, will, if practicable, be the Luxemburger Wort) published in an official language of
the country of publication customarily published at least once a day for at least five days in each calendar week and of general circulation in The City of 

  
 - 2 - 

 
New York, the United Kingdom or in Luxembourg, as applicable. If it shall be impractical in the opinion of the Trustee to make any publication of any notice required hereby in an Authorized
Newspaper, any publication or other notice in lieu thereof which is made or given with the approval of the Trustee shall constitute a sufficient publication of such notice. 

“Board of Directors” means either the Board of Directors of the Issuer or any committee of such Board duly authorized to act
hereunder on its behalf. 
 “Board Resolution” means a copy of one or more resolutions, certified by the secretary or an
assistant secretary of the Issuer to have been duly adopted or consented to by the Board of Directors and to be in full force and effect, and delivered to the Trustee. 

“Business Day” means, with respect to any Security, a day that in the city (or in any of the cities, if more than one) in
which amounts are payable, as specified in the form of such Security, is neither a Saturday, Sunday or legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close. 

“Capital Lease” means any lease of property which, in accordance with generally accepted accounting principles, should be
capitalized on the lessee’s balance sheet or for which the amount of the asset and liability thereunder as if so capitalized should be disclosed in a note to such balance sheet; and “Capitalized Lease Obligation” means the
amount of the liability which should be so capitalized or disclosed. 
 “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 and delivery of this Indenture such Commission is not existing and performing the duties now assigned to it under
the Trust Indenture Act, then the body performing such duties on such date. 
 “Common Stock” means the common stock, par
value $1.00, of the Issuer as the same exists at the date of execution and delivery of this Indenture or as such stock may be reconstituted from time to time. 

“Consolidated” when used with respect to any of the terms defined in the Indenture, refers to such terms as reflected in a
consolidation of the accounts of the Issuer and its Restricted Subsidiaries in accordance with generally accepted accounting principles. 

  
 - 3 - 

 “Corporate Trust Office” means the office of the Trustee at which the corporate
trust business of the Trustee shall, at any particular time, be principally administered, which office is, at the date as of which this Indenture is dated, located in Chicago, Illinois. 

“Coupon” means interest coupon, if any, appertaining to a Security. 

“Depositary” means, with respect to the Securities of any series issuable or issued in the form of one or more Registered
Global Securities, the Person designated as Depositary by the Issuer pursuant to Section 2.3 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary”
shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall mean the Depositary with respect to
the Registered Global Securities of that series. 
 “Dollar” means the coin or currency of the United States of America as
at the time of payment is legal tender for the payment of public and private debts. 
 “ECU” means the European Currency
Unit as defined and revised from time to time by the Council of European Communities. 
 “Event of Default” means any event
or condition specified as such in Section 5.1. 
 “Foreign Currency” means a currency issued by the government of a
country other than the United States. 
 “Funded Indebtedness” means any Indebtedness maturing by its terms more than one
year from the date of the determination thereof, including any Indebtedness renewable or extendible at the option of the obligor to a date later than one year from the date of the determination thereof. 

“Holder”, “Holder of Securities”, Securityholder” or other similar terms mean (a) in the
case of any Registered Security, the Person in whose name such Security is registered in the security register kept by the Issuer for that purpose in accordance with the terms hereof, and (b) in the case of any Unregistered Security, the bearer
of such Security, or any Coupon appertaining thereto, as the case may be. 

  
 - 4 - 

 “Indebtedness” of any Person means all obligations (other than the Securities of
such series) of, or guaranteed or assumed by, such Person or any of such Person’s Restricted Subsidiaries for borrowed money or evidenced by bonds, debentures, notes or other similar instruments. 

“Indenture” means this instrument as originally executed and delivered or, if amended or supplemented as herein provided, as
so amended or supplemented or both, and shall include the forms and terms of particular series of Securities established as contemplated hereunder. 

“Interest” means, when used with respect to non-interest bearing Securities, interest payable after maturity. 

“Issuer” means (except as otherwise provided in Article Six) American Stores Company, a Delaware corporation, and, subject to
Article Nine, its successors and assigns. 
 “Issuer Order” means a written statement, request or order of the Issuer which
is signed in its name by the chairman of the Board of Directors, the president, any executive vice president or any senior vice president of the Issuer. 

“Judgment Currency” shall have the meaning set forth in Section 11.12. 

“Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as
published by the Federal Reserve Bank of New York; provided that in the case of ECUs, Market Exchange Rate shall mean the rate of exchange determined by the Commission of the European Communities (or any successor thereto) as published in the
Official Journal of the European Communities or any successor publication (such publication or any successor publication, the “Journal”). 

“Net Tangible Assets” means the total amounts of assets (less depreciation and valuation reserves and other reserves and
items deductible from gross book value of specific asset accounts under generally accepted accounting principles) which under generally accepted accounting principles would be included on a balance sheet after deducting therefrom (a) all
liability items except Funded Indebtedness, Capitalized Lease Obligations, stockholders’ equity and reserves for deferred income taxes and (b) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other
like intangibles, which in each case would be so included on such balance sheet. 

  
 - 5 - 

 “Non-Restricted Subsidiary” means any Subsidiary that the Issuer’s Board of
Directors has in good faith declared pursuant to a written resolution not to be of material importance, either singly or together with all other Non-Restricted Subsidiaries, to the business of the Issuer and its consolidated Subsidiaries taken as a
whole. 
 “Officer’s Certificate” means a certificate signed by the chairman of the Board of Directors, the president,
any executive vice president, any senior vice president or the treasurer of the Issuer and delivered to the Trustee. Each such certificate shall comply with Section 314 of the Trust Indenture Act of 1939 and include the statements provided for
in Section 11.5. 
 “Operating Assets” means all merchandise inventories, furniture, fixtures and equipment (including
all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Issuer or a Restricted Subsidiary. 

“Operating Property” means all real property and improvements thereon owned or leased pursuant to Capital Leases by the
Issuer or a Restricted Subsidiary and constituting, without limitation, any store, warehouse, service center or distribution center wherever located, provided that such term shall not include any store, warehouse, service center or distribution
center which the Issuer’s Board of Directors declares by written resolution not to be of material importance to the business of the Issuer and its Restricted Subsidiaries. 

“Opinion of Counsel” means an opinion in writing signed by legal counsel, who may be the General Counsel of the Issuer, or
such other legal counsel who may be an employee of or counsel to the Issuer, and who shall be satisfactory to the Trustee. Each such opinion shall comply with Section 314 of the Trust Indenture Act of 1939 and include the statements provided
for in Section 11.5. 
 “original issue date” of any Security (or portion thereof) means the earlier of (a) the
date of such Security or (b) the date of any Security (or portion thereof) for which such Security was issued (directly or indirectly) on registration of transfer, exchange or substitution. 

  
 - 6 - 

 “Original Issue Discount Security” means any Security that provides for an
amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 5.1. 

Accrual of original issue discount on any Original Issue Discount Security shall, unless otherwise specified in the Board Resolution or
Officer’s Certificate establishing the terms of such Security, be calculated using the “constant yield method”, computed in accordance with the rules of the Internal Revenue Code of 1986, as amended, and the regulations thereunder, as
then in effect. 
 “Outstanding” when used with reference to Securities, shall, subject to the provisions of
Section 7.4, mean, as of any particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except 

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

(b) Securities or portions thereof, for the payment or redemption of which moneys or U.S. Government Obligations (as provided
for in Section 10.1) in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Issuer) or shall have been set aside, segregated and held in trust by the Issuer for the Holders of such
Securities (if the Issuer shall act as its own paying agent); provided that if such Securities, or portions thereof, are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as herein provided, or
provision satisfactory to the Trustee shall have been made for giving such notice; provided further that such payment is effective under Article 10 with respect to such Securities to discharge the Indenture with respect to such
Securities under Section 10.1(A) or to defease such Securities under Section 10.1(B), as the case may be; and 

(c) Securities which shall have been paid or in substitution for which other Securities shall have been authenticated and
delivered pursuant to the terms of Section 2.9 (except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a Person in whose hands such Security is a legal, valid and
binding obligation of the Issuer). 

  
 - 7 - 

 In determining whether the Holders of the requisite principal amount of Outstanding Securities of
any or all series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, (i) there shall be excluded Outstanding Securities held by the Issuer and or any Affiliate and (ii) the principal amount of an
Original Issue Discount Security that shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the
maturity thereof pursuant to Section 5.1. 
 “Periodic Offering” means an offering of Securities of a series from time
to time, the specific terms of which Securities, including, without limitation, the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and the redemption provisions, if any, with respect thereto, are to be
determined by the Issuer or its agents upon the issuance of such Securities. 
 “Person” means any individual, corporation,
partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“principal” whenever used with reference to the Securities or any Security or any portion thereof, shall be deemed to include
“and premium, if any”. 
 “record date” shall have the meaning set forth in Section 2.7. 

“Registered Global Security”, means a Security evidencing all or a part of a series of Registered Securities, issued to the
Depositary for such series in accordance with Section 2.4, and bearing the legend prescribed in Section 2.4. 

“Registered Security” means any Security registered on the Security register of the Issuer. 

“Required Currency” shall have the meaning set forth in Section 11.12. 

  
 - 8 - 

 “Responsible Officer” when used with respect to the Trustee, means any officer
within the Corporate Trust Office (or any successor group of the Trustee) including any Vice President, Assistant Vice President, Assistant Secretary or any other officer of the Trustee customarily performing functions similar to those performed by
any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 

“Restricted Subsidiaries” means all subsidiaries other than Non-Restricted Subsidiaries. 

“Security” or “Securities” has the meaning stated in the first recital of this Indenture, or, as the case
may be, Securities that have been authenticated and delivered under this Indenture. 
 “Significant Subsidiary” means, with
respect to the Issuer, any Subsidiary that is a significant subsidiary within the meaning of Rule 1-02 of Regulation S-X promulgated by the Commission. 

“Subsidiary” means (i) any corporation or other entity of which securities or other ownership interests having ordinary
voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by the Issuer or (ii) any partnership of which more than 50% of the partnership interests are
owned by the Issuer or any Subsidiary. 
 “Trust Indenture Act of 1939” (except as otherwise provided in Sections 8.1, 8.2
and 13.5) means the Trust Indenture Act of 1939, as amended as in force at the date as of which this Indenture was originally executed. 

“Trustee” means the Person identified as “Trustee” in the first paragraph hereof and, subject to the provisions of
Article Six, shall also include any successor trustee. “Trustee” shall also 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 the Securities of such series. 
 “Unregistered Security”
means any Security other than a Registered Security. 
 “U.S. Government Obligations” shall have the meaning set forth in
Section 10.1(A). 
 “Yield to Maturity” means the yield to maturity on a series of Securities, calculated at the time
of issuance of such series, or, if applicable, at the most recent redetermination of interest on such series, and calculated in accordance with generally accepted financial practice. 

  
 - 9 - 

 ARTICLE TWO 

SECURITIES 
 SECTION 2.1
Forms Generally. The Securities of each series and the Coupons, if any, to be attached thereto shall be substantially in such form (not inconsistent with this Indenture) as shall be established by or pursuant to one or more Board Resolutions
(as set forth in Board Resolutions or, to the extent established pursuant to rather than set forth in Board Resolutions, an Officer’s Certificate detailing such establishment) 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 imprinted or otherwise reproduced thereon such legend or legends or endorsements, not inconsistent with the
provisions of this Indenture, as may be required to comply with any law or with any rules or regulations pursuant thereto, or with any rules of any securities exchange or to conform to general usage, all as may be determined by the officers
executing such Securities and Coupons, if any, as evidenced by their execution of such Securities and Coupons. 
 The definitive Securities
and Coupons, if any, shall be printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Securities and Coupons, if any, as evidenced by their execution of
such Securities and Coupons, if any. 
 SECTION 2.2 Form of Trustee’s Certificate of Authentication. The Trustee’s
certificate of authentication on all Securities shall be in substantially the following form: 
 “This is one of the Securities of the
series designated herein referred to in the within-mentioned Senior Indenture . 
  

			
	THE FIRST NATIONAL BANK OF CHICAGO, Trustee
		
	By	 	  

		 	Authorized Officer”

  
 - 10 - 

 If at any time there shall be an Authenticating Agent appointed with respect to any series of
Securities, then the Securities of such series shall bear, in addition to the Trustee’s Certificate of Authentication (“Certificate of Authentication”) an alternate Certificate of Authentication which shall be substantially as
follows: 
 “This is one of the Securities of the series designated herein referred to in the within-mentioned Senior Indenture. 

 

			
	 THE FIRST NATIONAL BANK OF CHICAGO, Trustee

		
	By	 	                                      
                                         
 ,
		 	As Authenticating Agent
		
	By	 	  

		 	Authorized Officer”

 SECTION 2.3 Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities
which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more series and the
Securities of each such series shall rank equally and pari passu with all other unsecured and unsubordinated debt of the Issuer. There shall be established in or pursuant to one or more Board Resolutions (as set forth in Board Resolutions or, to the
extent established pursuant to rather than set forth in Board Resolutions, in an Officer’s Certificate detailing such establishment) or established in one or more indentures supplemental hereto, prior to the initial issuance of Securities of
any series, 
 (1) the title of the Securities of the series, which shall distinguish the Securities of the series from all
other Securities; 
 (2) any limit upon the aggregate principal amount of the Securities of the series that may be
authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 2.8, 2.9, 2.11, 8.5 or
12.3; 

  
 - 11 - 

 (3) if other than Dollars, the coin or currency in which the Securities of that
series are denominated (including, but not limited to, any Foreign Currency or ECU); 
 (4) the date or dates on which the
principal of the Securities of the series is payable; 
 (5) the rate or rates at which the Securities of the series shall
bear interest, if any, the date or dates from which such interest shall accrue, on which such interest shall be payable and (in the case of Registered Securities) on which a record shall be taken for the determination of Holders to whom interest is
payable and/or the method by which such rate or rates or date or dates shall be determined; 
 (6) the place or places where
the principal of and any interest on Securities of the series shall be payable (if other than as provided in Section 3.2); 

(7) the right, if any, of the Issuer or any Holder to redeem or cause to be redeemed Securities, in whole or in part, at its
option and the period or periods within which, the price or prices at which and any terms and conditions upon which, and the manner in which (if different from the provision of Article 12 hereof), Securities of the series may be so redeemed,
pursuant to any sinking fund or otherwise and/or the method by which such price or prices shall be determined and the applicability of Section 12.4 and the second paragraph of Section 12.5; 

(8) the obligation, if any, of the Issuer to redeem, purchase or repay Securities of the series pursuant to any mandatory
redemption, sinking fund or analogous provisions or at the option of a Holder thereof and the price or prices (and/or the method by which such price or prices shall be determined) at which and the period or periods within which and any terms and
conditions upon which Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to such obligation; 

(9) if other than denominations of $1,000 and any integral multiple thereof in the case of Registered Securities, or $1,000 and
$5,000 in the case of Unregistered Securities, the denominations in which Securities of the series shall be issuable; 

  
 - 12 - 

 (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; 
 (11)
if other than the coin or currency in which the Securities of that series are denominated, the coin or currency in which payment of the principal of or interest on the Securities of such series shall be payable ; 

(12) if the principal of or interest on the Securities of such series are to be payable, at the election of the Issuer or a
Holder thereof, in a coin or currency other than that in which the Securities are denominated, the period or periods within which, and the terms and conditions upon which, such election may be made; 

(13) if the amount of payments of principal of and/or interest on the Securities of the series may be determined with reference
to the value or price of any one or more currencies or indices, the manner in which such amounts will be determined; 
 (14)
whether the Securities of the series will be issuable as Registered Securities (and if so, whether such Securities will be issuable as Registered Global Securities) or Unregistered Securities (with or without Coupons), or any combination of the
foregoing, any restrictions applicable to the offer, sale or delivery of Unregistered Securities or the payment of interest thereon and, if other than as provided in Section 2.8, the terms upon which Unregistered Securities of any series may be
exchanged for Registered Securities of such series and vice versa; 
 (15) whether and under what circumstances the Issuer
will pay additional amounts on the Securities of the series held by a Person who is not a U.S. Person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Issuer will have the option to redeem such
Securities rather than pay such additional amounts; 
 (16) if the Securities of such series are to be issuable in definitive
form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of such certificates, documents or
conditions; 

  
 - 13 - 

 (17) any trustees, depositaries, authenticating or paying agents, transfer agents
or registrars or any other agents with respect to the Securities of such series; 
 (18) any events of default or covenants
not set forth herein with respect to the Securities of such series; 
 (19) whether the provisions of Section
10.1(A)(c)(i)(y) or 10.1(B) or 12.4 hereof will not be applicable to Securities of such series; and 
 (20) any other terms
of the series (which terms shall not be inconsistent with the provisions of this Indenture but which may modify or delete any such provision of this Indenture insofar as it applies to such series; provided that no term thereof shall be modified or
deleted if imposed by operation of Section 318(c) of the Trust Indenture Act of 1939; provided further that any modification or deletion of the rights, duties or immunities of the Trustee shall have been consented to in writing by the
Trustee). 
 If any of the foregoing terms are not available at the time such resolutions are adopted, or such Officer’s Certificate or
any supplemental indenture is executed, such resolutions, Officer’s Certificate or supplemental indenture may reference the document or documents to be created in which such terms will be set forth prior to the issuance of such Securities. 

All Securities of any one series and Coupons, if any, appertaining thereto, shall be substantially identical, except in the case of Registered
Securities as to denomination and except as may otherwise be provided by or pursuant to the Board Resolutions or Officer’s Certificate referred to above or as set forth in any such indenture supplemental hereto. All Securities of any one series
need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to such Board Resolutions, such Officer’s Certificate or in any such indenture supplemental
hereto. 
 SECTION 2.4 Authentication and Delivery of Securities. The Issuer may deliver Securities of any series having attached
thereto appropriate Coupons, if any, executed by the Issuer to the Trustee for authentication together with the applicable documents referred to below in this Section, and 

  
 - 14 - 

 
the Trustee shall thereupon authenticate and deliver such Securities to or upon the order of the Issuer (contained in the Issuer Order referred to below in this Section) or pursuant to such
procedures acceptable to the Trustee and to such recipients as may be specified from time to time by an Issuer Order. The maturity date, original issue date, interest rate and any other terms of the Securities of such series and Coupons, if any,
appertaining thereto shall be determined by or pursuant to such Issuer Order and procedures. If provided for in such procedures, such Issuer Order may authorize authentication and delivery pursuant to oral instructions from the Issuer or its duly
authorized agent, which instructions shall be promptly confirmed in writing. In authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to
receive (in the case of subparagraphs 2, 3 and 4 below only at or before the time of the first request of the Issuer to the Trustee to authenticate Securities of such series) and (subject to Section 6.1) shall be fully protected in relying
upon, unless and until such documents have been superseded or revoked: 
 (1) an Issuer Order requesting such authentication
and setting forth delivery instructions if the Securities and Coupons, if any, are not to be delivered to the Issuer; provided that, with respect to Securities of a series subject to a Periodic Offering, (a) such Issuer Order may be
delivered by the Issuer to the Trustee prior to the delivery to the Trustee of such Securities for authentication and delivery, (b) the Trustee shall authenticate and deliver Securities of such series for original issue from time to time, in an
aggregate principal amount not exceeding the aggregate principal amount established for such series, pursuant to an Issuer Order or pursuant to procedures acceptable to the Trustee as may be specified from time to time by an Issuer Order,
(c) the maturity date or dates, original issue date or dates, interest rate or rates and any other terms of Securities of such series shall be determined by an Issuer Order or pursuant to such procedures and (d) if provided for in such
procedures, such Issuer Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Issuer or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing; 

(2) any Board Resolution, Officer’s Certificate and/or executed supplemental indenture referred to in Sections 2.1 and 2.3
by or pursuant to which the forms and terms of the Securities and Coupons, if any, were established; 

  
 - 15 - 

 (3) an Officer’s Certificate setting forth the form or forms and terms of
the Securities and Coupons, if any, stating that the form or forms and terms of the Securities and Coupons, if any, have been established pursuant to Sections 2.1 and 2.3 and comply with this Indenture, and covering such other matters as the Trustee
may reasonably request; and 
 (4) at the option of the Issuer, either an Opinion of Counsel, or a letter addressed to the
Trustee permitting it to rely on an Opinion of Counsel, substantially to the effect that: 
 (a) the form or forms of the
Securities and Coupons, if any, have been duly authorized and established in conformity with the provisions of this Indenture; 

(b) in the case of an underwritten offering, the terms of the Securities have been duly authorized and established in
conformity with the provisions of this Indenture, and, in the case of an offering that is not underwritten, certain terms of the Securities have been established pursuant to a Board Resolution, an Officer’s Certificate or a supplemental
indenture in accordance with this Indenture, and when such other terms as are to be established pursuant to procedures set forth in an Issuer Order shall have been established, all such terms will have been duly authorized by the Issuer and will
have been established in conformity with the provisions of this Indenture; and 
 (c) when the Securities and Coupons, if
any, have been executed by the Issuer and authenticated by the Trustee in accordance with the provisions of this Indenture and delivered to and duly paid for by the purchasers thereof, they will be valid and binding obligations of the Issuer,
enforceable in accordance with their respective terms and entitled to the benefits of this Indenture, subject to the effect of (i) bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights of
creditors generally or (ii) the application of general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law). 

  
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 In rendering such opinions, such counsel may rely, as to all matters governed by the laws of
jurisdictions other than the State of New York and the federal law of the United States, upon opinions of other counsel (copies of which shall be delivered to the Trustee), who shall be counsel reasonably satisfactory to the Trustee, in which case
the opinion shall state that such counsel believes he and the Trustee are entitled so to rely. Such counsel may also state that, insofar as such opinion involves factual matters, he has relied, to the extent he deems proper, upon certificates of
officers of the Issuer and its Subsidiaries and certificates of public officials. 
 The Trustee shall have the right to decline to
authenticate and deliver any Securities under this Section if the Trustee, being advised by counsel, determines that such action may not lawfully be taken by the Issuer or if the Trustee in good faith by a trust committee or Responsible Officers
shall determine that such action would expose the Trustee to personal liability to existing Holders or would affect the Trustee’s own rights, duties or immunities under the Securities, this Indenture or otherwise. 

If the Issuer shall establish pursuant to Section 2.3 that the Securities of a series are to be issued in the form of one or more
Registered Global Securities, then the Issuer shall execute and the Trustee shall, in accordance with this Section and the Issuer Order with respect to such series, authenticate and deliver one or more Registered Global Securities that
(i) shall represent and shall be 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
Registered 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 2.3 must, at the time of its designation and at all times while it serves as Depositary,
be a clearing agency registered under the Securities Exchange Act of 1934 and any other applicable statute or regulation. 

  
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 SECTION 2.5 Execution of Securities. The Securities and, if applicable, each Coupon
appertaining thereto shall be signed on behalf of the Issuer by the chairman of the board of directors, the president, any executive vice president, any senior vice president or the treasurer of the Issuer, and by any of the foregoing officers or
the secretary, any assistant secretary or assistant treasurer of the Issuer, under its corporate seal (except in the case of Coupons) which may, but need not, be attested. Such signatures may be the manual or facsimile signatures of the present or
any future such chairman or officers. The seal of the Issuer may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. Typographical and other minor errors or defects in any such
reproduction of the seal or any such signature shall not affect the validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee. 

In case any officer of the Issuer who shall have signed any of the Securities or Coupons, if any, shall cease to be such officer before the
Security or Coupon so signed (or the Security to which the Coupon so signed appertains) shall be authenticated and delivered by the Trustee or disposed of by the Issuer, such Security or Coupon nevertheless may be authenticated and delivered or
disposed of as though the Person who signed such Security or Coupon had not ceased to be such officer of the Issuer; and any Security or Coupon may be signed on behalf of the Issuer by such Persons as, at the actual date of the execution of such
Security or Coupon, shall be the proper officers of the Issuer, although at the date of the execution and delivery of this Indenture any such Person was not such an officer. 

SECTION 2.6 Certificate of Authentication. Only such Securities as shall bear thereon a certificate of authentication substantially in
the form hereinbefore recited, executed by the Trustee by the manual signature of one of its authorized officers, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. No Coupon shall be entitled to the
benefits of this Indenture or shall be valid and obligatory for any purpose until the certificate of authentication on the Security to which such Coupon appertains shall have been duly executed by the Trustee. The execution of such certificate by
the Trustee upon any Security executed by the Issuer shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture. 

  
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 SECTION 2.7 Denomination and Date of Securities; Payments of Interest. The Securities of
each series shall be issuable as Registered Securities or Unregistered Securities in denominations as shall be specified as contemplated by Section 2.3 or, with respect to the Registered Securities of any series, if not so established, in
denominations of $1,000 and any integral multiple thereof. If denominations of Unregistered Securities of any series are not so established, such Securities shall be issuable in denominations of $1,000 and $5,000. The Securities of each series shall
be numbered, lettered or otherwise distinguished in such manner or in accordance with such plan as the chairman or the officers of the Issuer executing the same may determine with the approval of the Trustee, as evidenced by the execution and
authentication thereof. 
 Each Registered Security shall be dated the date of its authentication. Each Unregistered Security shall be dated
as provided in or pursuant to the resolution or resolutions of the Board of Directors referred to in Section 2.3. The Securities of each series shall bear interest, if any, from the date, and such interest shall be payable on the dates, which
shall be specified as contemplated by Section 2.3. 
 The Person in whose name any Registered Security of any series is registered at the
close of business on any record date applicable to a particular series with respect to any interest payment date for such series shall be entitled to receive the interest, if any, payable on such interest payment date notwithstanding any transfer or
exchange of such Registered Security subsequent to the record date and prior to such interest payment date, except in the case of any such transfer or exchange if and to the extent the Issuer shall default in the payment of the interest due on such
interest payment date for such series, in which case such defaulted interest shall then cease to be payable to the Holder on such record date by virtue of having been such Holder and shall be paid to the Persons in whose names Outstanding Registered
Securities for such series are registered at the close of business on a subsequent record date (which shall be not less than five Business Days prior to the date of payment of such defaulted interest) established by notice given by mail by or on
behalf of the Issuer to the Holders of Registered Securities not less than 15 days preceding such subsequent record 

  
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date. The term “record date” as used with respect to any interest payment date (except a date for payment of defaulted interest) for the Securities of any series shall mean the date
specified as such in the terms of the Registered Securities of such series, or, if no such date is so specified, if such interest payment date is the first day of a calendar month, the fifteenth day of the next preceding calendar month or, if such
interest payment date is the fifteenth day of a calendar month, the first day of such calendar month, whether or not such record date is a Business Day. 

SECTION 2.8 Registration, Transfer and Exchange. The Issuer will keep at each office or agency to be maintained for the purpose as
provided in Section 3.2 for each series of Securities a register or registers in which, subject to such reasonable regulations as it may prescribe, it will provide for the registration of Registered Securities of such series and the
registration of transfer of Registered Securities of such series. Such register shall be in written form in the English language or in any other form capable of being converted into such form within a reasonable time. At all reasonable times such
register or registers shall be open for inspection by the Trustee. 
 Upon due presentation for registration of transfer of any Registered
Security of any series at any such office or agency to be maintained for the purpose as provided in Section 3.2, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the transferee or transferees a new
Registered Security or Registered Securities of the same series, of like tenor in an equal aggregate principal amount. 
 Unregistered
Securities (except for any temporary global Unregistered Securities) and Coupons (except for Coupons attached to any temporary global Unregistered Securities) shall be transferable by delivery. 

At the option of the Holder thereof, Registered Securities of any series (other than a Registered Global Security, except as set forth below)
may be exchanged for a Registered Security or Registered Securities of such series having other authorized denominations, of like tenor and an equal aggregate principal amount, upon surrender of such Registered Securities to be exchanged at the
agency of the Issuer that shall be maintained for such purpose in accordance with Section 3.2 and upon payment, if the Issuer shall so require, of the charges hereinafter provided. If the Securities of any series are issued in both registered
and unregistered form, except as otherwise specified pursuant to Section 2.3, 

  
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at the option of the Holder thereof, Unregistered Securities of any series may be exchanged for Registered Securities of such series having authorized denominations, of like tenor and an equal
aggregate principal amount, upon surrender of such Unregistered Securities to be exchanged at the agency of the Issuer that shall be maintained for such purpose in accordance with Section 3.2, with, in the case of Unregistered Securities that
have Coupons attached, all unmatured Coupons and all matured Coupons in default thereto appertaining, and upon payment, if the Issuer shall so require, of the charges hereinafter provided. At the option of the Holder thereof, if Unregistered
Securities of any series, maturity date, interest rate and original issue date are issued in more than one authorized denomination, except as otherwise specified pursuant to Section 2.3, such Unregistered Securities may be exchanged for
Unregistered Securities of such series having authorized denominations, of like tenor and an equal aggregate principal amount, upon surrender of such Unregistered Securities to be exchanged at the agency of the Issuer that shall be maintained for
such purpose in accordance with Section 3.2 or as specified pursuant to Section 2.3, with, in the case of Unregistered Securities that have Coupons attached, all unmatured Coupons and all matured Coupons in default thereto appertaining, and
upon payment, if the Issuer shall so require, of the charges hereinafter provided. Unless otherwise specified pursuant to Section 2.3, Registered Securities of any series may not be exchanged for Unregistered Securities of such series. Whenever
any Securities are so surrendered for exchange, the Issuer shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. All Securities and Coupons surrendered upon any
exchange or transfer provided for in this Indenture shall be promptly cancelled and disposed of by the Trustee and the Trustee will deliver a certificate of disposition thereof to the Issuer. 

All Registered Securities presented for registration of transfer, exchange, redemption, repurchase or payment shall (if so required by the
Issuer or the Trustee) be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Issuer and the Trustee duly executed by the Holder or his attorney duly authorized in writing. 

The Issuer may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any
exchange or registration of transfer of Securities. No service charge shall be made for any such transaction. 

  
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 The Issuer shall not be required to exchange or register a transfer of (a) any Securities of
any series for a period of 15 days next preceding the first mailing or publication of notice of redemption of Securities of such series to be redeemed, (b) any Securities selected, called or being called for redemption, in whole or in part,
except, in the case of any Security to be redeemed in part, the portion thereof not so to be redeemed, or (c) any Security if the Holder thereof has exercised his right, if any, to require the Issuer to repurchase such Security in whole or in
part, except the portion of such Security not required to be repurchased. 
 Notwithstanding any other provision of this Section 2.8, unless
and until it is exchanged in whole or in part for Securities in definitive registered form, a Registered Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such
series to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor
Depositary. 
 If at any time the Depositary for any Registered Securities of a series represented by one or more Registered Global
Securities notifies the Issuer that it is unwilling or unable to continue as Depositary for such Registered Securities or if at any time the Depositary for such Registered Securities shall no longer be eligible under Section 2.4, the Issuer
shall appoint a successor Depositary with respect to such Registered Securities. If a successor Depositary for such Registered Securities is not appointed by the Issuer within 90 days after the Issuer receives such notice or becomes aware of such
ineligibility, the Issuer’s election pursuant to Section 2.3 that such Registered Securities be represented by one or more Registered Global Securities shall no longer be effective and the Issuer will execute, and the Trustee, upon receipt
of an Officer’s Certificate for the authentication and delivery of definitive Securities of such 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 Registered Global Security or Securities representing such Registered Securities in exchange for such Registered Global Security or Securities. 

  
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 The Issuer may at any time and in its sole discretion determine that the Registered Securities of
any series issued in the form of one or more Registered Global Securities shall no longer be represented by a Registered Global Security or Securities. In such event the Issuer will execute, and the Trustee, upon receipt of an Officer’s
Certificate for the authentication and delivery of definitive Securities of such 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 Registered Global Security or Securities representing such Registered Securities, in exchange for such Registered Global Security or Securities. 

If specified by the Issuer pursuant to Section 2.3 with respect to Securities represented by a Registered Global Security, the Depositary
for such Registered Global Security may surrender such Registered Global Security in exchange in whole or in part for Securities of the same series in definitive registered form on such terms as are acceptable to the Issuer and such Depositary.
Thereupon, the Issuer shall execute, and the Trustee shall authenticate and deliver, without service charge, 
 (i) to the
Person specified by such Depositary a new Registered Security or Securities of the same series, of any authorized denominations as requested by such Person, in an aggregate principal amount equal to and in exchange for such Person’s beneficial
interest in the Registered Global Security; and 
 (ii) to such Depositary a new Registered Global Security in a denomination
equal to the difference, if any, between the principal amount of the surrendered Registered Global Security and the aggregate principal amount of Registered Securities authenticated and delivered pursuant to clause (i) above. 

Upon the exchange of a Registered Global Security for Securities in definitive registered form without Coupons, in authorized denominations,
such Registered Global Security shall be cancelled by the Trustee or an agent of the Issuer or the Trustee. Securities in definitive registered form without coupons issued in exchange for a Registered Global Security pursuant to this
Section 2.8 shall be registered in such names and in such authorized denominations as the Depositary for such Registered Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee
or an agent of the Issuer or the Trustee. The Trustee or such agent shall deliver at its office such Securities to or as directed by the Persons in whose names such Securities are so registered. 

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

Notwithstanding anything herein or in the terms of any series of Securities to the contrary, none of the Issuer, the Trustee or any agent of
the Issuer or the Trustee (any of which, other than the Issuer, shall rely on an Officer’s Certificate and an Opinion of Counsel) shall be required to exchange any Unregistered Security for a Registered Security if such exchange would result in
adverse Federal income tax consequences to the Issuer (such as, for example, the inability of the Issuer to deduct from its income, as computed for Federal income tax purposes, the interest payable on the Unregistered Securities) under then
applicable United States Federal income tax laws. 
 SECTION 2.9 Mutilated, Defaced, Destroyed, Lost and Stolen Securities. In case
any temporary or definitive Security or any Coupon appertaining to any Security shall become mutilated, defaced or be apparently destroyed, lost or stolen, the Issuer in its discretion may execute, and upon the written request of any officer of the
Issuer, the Trustee shall authenticate and deliver a new Security of the same series, maturity date, interest rate and original issue date, bearing a number or other distinguishing symbol not contemporaneously outstanding, in exchange and
substitution for the mutilated or defaced Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen and, if applicable, with Coupons corresponding to the Coupons appertaining to the Securities so mutilated, defaced,
destroyed, lost or stolen, or in exchange or substitution for the Security to which such mutilated, defaced, destroyed, lost or stolen Coupon appertained, with Coupons appertaining thereto corresponding to the Coupons so mutilated, defaced,
destroyed, lost or stolen. In every case the applicant for a substitute Security or Coupon shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee such security or indemnity as may be required by them to indemnify
and defend and to save each of them harmless and, in every case of apparent destruction, loss or theft, evidence to their satisfaction of the destruction, loss or theft, of such Security or Coupon and of the ownership thereof and in the case of
mutilation or defacement shall surrender the Security and related Coupons to the Trustee or such agent. 

  
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 Upon the issuance of any substitute Security or Coupon, the Issuer 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 or its agent) connected therewith. In case any Security or Coupon which has
matured or is about to mature or has been called for redemption in full shall become mutilated or defaced or be apparently destroyed, lost or stolen, the Issuer may instead of issuing a substitute Security, with the Holder’s consent pay or
authorize the payment of the same or the relevant Coupon (without surrender thereof except in the case of a mutilated or defaced Security or Coupon), if the applicant for such payment shall furnish to the Issuer and to the Trustee and any agent of
the Issuer or the Trustee such security or indemnity as any of them may require to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Issuer and the Trustee and any agent of the
Issuer or the Trustee evidence to their satisfaction of the apparent destruction, loss or theft of such Security or Coupon and of the ownership thereof. 

Every substitute Security or Coupon of any series issued pursuant to the provisions of this Section by virtue of the fact that any such
Security or Coupon is apparently destroyed, lost or stolen shall constitute an additional contractual obligation of the Issuer, whether or not the apparently destroyed, lost or stolen Security or Coupon shall be at any time enforceable by anyone and
shall be entitled to all the benefits of (but shall be subject to all the limitations of rights set forth in) this Indenture equally and proportionately with any and all other Securities or Coupons of such series duly authenticated and delivered
hereunder. All Securities and Coupons shall be held and owned upon the express condition that, to the extent permitted by law, the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, defaced or apparently
destroyed, lost or stolen Securities and Coupons and shall preclude any and all other rights or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable
instruments or other securities without their surrender. 
 SECTION 2.10 Cancellation of Securities; Disposition Thereof. All
Securities and Coupons surrendered for payment, repurchase, redemption, registration of transfer or exchange, or for credit against any payment in respect of a sinking or analogous fund, if surrendered to the Issuer or

  
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any agent of the Issuer or the Trustee or any agent of the Trustee, shall be delivered to the Trustee or its agent for cancellation or, if surrendered to the Trustee, shall be cancelled by it;
and no Securities or Coupons shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Indenture. The Trustee or its agent shall dispose of cancelled Securities and Coupons held by it and deliver a certificate of
disposition to the Issuer. If the Issuer or its agent shall acquire any of the Securities or Coupons, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities or Coupons unless and until
the same are delivered to the Trustee or its agent for cancellation. 
 SECTION 2.11 Temporary Securities. Pending the preparation of
definitive Securities for any series, the Issuer may execute and the Trustee shall authenticate and deliver temporary Securities for such series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory to the
Trustee). Temporary Securities of any series shall be issuable as Registered Securities without coupons, or as Unregistered Securities with or without coupons attached thereto, of any authorized denomination, and substantially in the form of the
definitive Securities of such series but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Issuer with the concurrence of the Trustee as evidenced by the execution and
authentication thereof. Temporary Securities may contain such references to any provisions of this Indenture as may be appropriate. Every temporary Security shall be executed by the Issuer and be authenticated by the Trustee upon the same conditions
and in substantially the same manner, and with like effect, as the definitive Securities. Without unreasonable delay the Issuer shall execute and shall furnish definitive Securities of such series and thereupon temporary Securities of such series
may be surrendered in exchange therefor without charge, in the case of Registered Securities, at each office or agency to be maintained by the Issuer for that purpose pursuant to Section 3.2 and, in the case of Unregistered Securities, at any
agency maintained by the Issuer for such purpose as specified pursuant to Section 2.3, and the Trustee shall authenticate and deliver in exchange for such temporary Securities of such series an equal aggregate principal amount of definitive
Securities of the same series having authorized denominations and, in the case of Unregistered Securities, having attached thereto any appropriate Coupons. Until so exchanged, the temporary Securities of any series shall be entitled to the same
benefits under this Indenture as definitive Securities 

  
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of such series, unless otherwise established pursuant to Section 2.3. The provisions of this Section are subject to any restrictions or limitations on the issue and delivery of temporary
Unregistered Securities of any series that may be established pursuant to Section 2.3 (including any provision that Unregistered Securities of such series initially be issued in the form of a single global Unregistered Security to be delivered
to a depositary or agency located outside the United States and the procedures pursuant to which definitive or global Unregistered Securities of such series would be issued in exchange for such temporary global Unregistered Security). 

Section 2.12 Availability of Currency of Payment in Respect of Securities. If the principal, premium, if any, and interest on any
Securities is payable in a Foreign Currency and such Foreign Currency is unavailable due to the imposition of exchange controls or other circumstances beyond the Issuer’s control, or is no longer used by the government of the country issuing
such currency or currency unit or for the settlement of transactions by public institutions of or within the international banking community, then the Issuer shall be entitled to satisfy its obligations to Holders under this Indenture by making such
payment in Dollars on the basis of the Market Exchange Rate for such Foreign Currency on the latest date for which such rate was established on or before the date on which such payment is due. 

If payment on a Security is required to be made in ECU and on a payment date with respect to such Security ECU are unavailable due to the
imposition of exchange controls or other circumstances beyond the Issuer’s control, or are no longer used in the European Monetary System, then all such payments due on such payment date shall be made in Dollars. The amount so payable on any
payment date in ECU shall be converted into Dollars at a rate determined by the Issuer or its agent as of the second Business Day prior to the date on which such payment is due in the manner described below. The component currencies of the ECU for
this purpose (the “Components”) shall be the currency amounts that were components of the ECU as of the last date on which ECU were used in the European Monetary System. The equivalent of ECU in Dollars shall be calculated by aggregating
the Dollar equivalents of the Components. The Dollar equivalent of each of the Components shall be determined by the Issuer or its agent on the basis of the most recently available Market Exchange Rate for the Components. 

  
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 If the official unit of any component currency is altered by way of combination or subdivision,
the number of units of that currency as a Component shall be divided or multiplied in the same proportion. If two or more component currencies are consolidated into a single currency, the amounts of those currencies as Components shall be replaced
by an amount in such single currency equal to the sum of the amounts of the consolidated component currencies expressed in such single currency. If any component currency is divided into two or more currencies, the amount of that currency as a
Component shall be replaced by amounts of such two or more currencies, each of which shall have a value on the date of division equal to the amount of the former component currency divided by the number of currencies into which that currency was
divided. 
 Any payment made pursuant to this Section 2.12 in Dollars where the required payment is in a Foreign Currency shall not
constitute a default under this Indenture. All determinations referred to above made by the Issuer or its agent shall be at its sole discretion and, in the absence of manifest error, shall be conclusive for all purposes and binding on Holders of the
Securities and the Issuer to the extent permitted by applicable law. 
 ARTICLE THREE 

COVENANTS OF THE ISSUER 

SECTION 3.1 Payment of Principal and Interest. The Issuer covenants and agrees for the benefit of each series of Securities that it
will duly and punctually pay or cause to be paid the principal of, and interest on, each of the Securities of such series (together with any additional amounts payable pursuant to the terms of such Securities) at the place or places, at the
respective times and in the manner provided in such Securities and in the Coupons, if any, appertaining thereto and in this Indenture. The interest on Securities with Coupons attached (together with any additional amounts payable pursuant to the
terms of such Securities) shall be payable only upon presentation and surrender of the several Coupons for such interest installments as are evidenced thereby as they severally mature. If any temporary Unregistered Security provides that interest
thereon may be paid while such Security is in temporary form, the interest on any such temporary Unregistered Security (together with any additional amounts payable pursuant to the terms of such Security) shall be paid, as to the installments of
interest evidenced by Coupons attached thereto, if any, only upon presentation and surrender thereof, and, as to the other installments of interest, if any, only upon presentation of 

  
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such Securities for notation thereon of the payment of such interest, in each case subject to any restrictions that may be established pursuant to Section 2.3. The interest on Registered
Securities (together with any additional amounts payable pursuant to the terms of such Securities) shall be payable only to or upon the written order of the Holders thereof and, at the option of the Issuer, may be paid by wire transfer or by mailing
checks for such interest payable to or upon the written order of such Holders at their last addresses as they appear on the registry books of the Issuer. 

SECTION 3.2 Offices for Payments, etc. So long as any Registered Securities are authorized for issuance pursuant to this Indenture or
are Outstanding hereunder, the Issuer will maintain in The City of New York, an office or agency where the Registered Securities of each series may be presented for payment and where the Securities of each series may be presented for registration of
transfer or exchange as is provided in this Indenture. 
 The Issuer will maintain one or more offices or agencies in a city or cities
located outside the United States (including any city in which such an agency is required to be maintained under the rules of any stock exchange on which the Securities of such series are listed) where the Unregistered Securities, if any, of each
series and Coupons, if any, appertaining thereto may be presented for payment. No payment on any Unregistered Security or Coupon will be made upon presentation of such Unregistered Security or Coupon at an agency of the Issuer within the United
States nor will any payment be made by transfer to an account in, or by mail to an address in, the United States unless pursuant to applicable United States laws and regulations then in effect such payment can be made without adverse tax
consequences to the Issuer. Notwithstanding the foregoing, payments in Dollars of Unregistered Securities of any series and Coupons appertaining thereto which are payable in Dollars may be made at an agency of the Issuer maintained in The City of
New York if such payment in Dollars at each agency maintained by the Issuer outside the United States for payment on such Unregistered Securities is illegal or effectively precluded by exchange controls or other similar restrictions. 

The Issuer will maintain in The City of New York, an office or agency where notices and demands to or upon the Issuer in respect of the
Securities of any series, the Coupons appertaining thereto or this Indenture may be served. 

  
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 The Issuer will give to the Trustee written notice of the location of each such office or agency
and of any change of location thereof. In case the Issuer shall fail to maintain any agency required by this Section to be located in The City of New York, or shall fail to give such notice of the location or of any change in the location of any of
the above agencies, presentations and demands may be made and notices may be served at the Corporate Trust Office of the Trustee. 
 The
Issuer may from time to time designate one or more additional offices or agencies where the Securities of a series and any Coupons appertaining thereto may be presented for payment, where the securities of that series may be presented for exchange
as provided in this Indenture and pursuant to Section 2.3 and where the Registered Securities of that series may be presented for registration of transfer as in this Indenture provided, and the Issuer may from time to time rescind any such
designation, as the Issuer may deem desirable or expedient; provided that no such designation or rescission shall in any manner relieve the Issuer of its obligation to maintain the agencies provided for in the first three paragraphs of this
Section. The Issuer will give to the Trustee prompt written notice of any such designation or rescission thereof. 
 SECTION 3.3
Appointment to Fill a Vacancy in Office of Trustee. The Issuer, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 6.10, a Trustee, so that there shall at all times be
a Trustee with respect to each series of Securities hereunder. 
 SECTION 3.4 Paying Agents. Whenever the Issuer shall appoint a
paying agent other than the Trustee with respect to the Securities of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this
Section, 
 (a) that it will hold all sums received by it as such agent for the payment of the principal of or interest on
the Securities of such series (whether such sums have been paid to it by the Issuer or by any other obligor on the Securities of such series) in trust for the benefit of the Holders of the Securities of such series, or Coupons appertaining thereto,
if any, or of the Trustee, 
 (b) that it will give the Trustee prompt notice of any failure by the Issuer (or by any other
obligor on the Securities of such series) to make any payment of the principal of or interest on the Securities of such series when the same shall be due and payable, and 

  
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 (c) that any time during the continuance of any such failure upon the written
request of the Trustee, it will forthwith pay to the Trustee all sums so held in trust by such agent. 
 The Issuer will, not later than
each due date of the principal of or interest on the Securities of such series, deposit with the paying agent a sum sufficient to pay such principal or interest so becoming due, and (unless such paying agent is the Trustee) the Issuer will promptly
notify the Trustee of any failure to take such action. 
 If the Issuer shall act as its own paying agent with respect to the Securities of
any series, it will, on or before each due date of the principal of or interest on the Securities of such series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such series or the Coupons appertaining
thereto a sum sufficient to pay such principal or interest so becoming due until such sums shall be paid to such Persons as herein provided. The Issuer will promptly notify the Trustee of any failure to take such action. 

Anything in this Section to the contrary notwithstanding, but subject to Section 10.1, the Issuer may at any time, for the purpose of
obtaining a satisfaction and discharge with respect to one or more or all series of Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust for any such series by the Issuer or any paying agent
hereunder, as required by this Section, such sums to be held by the Trustee upon the trusts herein contained. 
 Anything in this Section to
the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section is subject to the provisions of Sections 10.3 and 10.4. 

SECTION 3.5 Certificate of the Issuer. The Issuer will furnish to the Trustee within 120 days of the close of each fiscal year of the
Issuer ending after the date hereof a brief certificate (which need not comply with Section 11.5) from the principal executive, financial or accounting officer of the Issuer as to his or her knowledge of the Issuer’s compliance with all
conditions and covenants under the Indenture (such compliance to be determined without regard to any period of grace or requirement of notice provided under the Indenture). 

  
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 SECTION 3.6 Luxembourg Publications. In the event of the publication of any notice
pursuant to Section 5.11, 6.9, 6.10, 6.12, 8.2, 10.4, 12.2 or 12.5, the party making such publication in the Borough of Manhattan, The City of New York and London shall also, to the extent that notice is required to be given to Holders of
Securities of any series by applicable Luxembourg law or stock exchange regulation, as evidenced by an Officer’s Certificate delivered to such party, make a similar publication in Luxembourg. 

SECTION 3.7 Limitations on Liens. After the date hereof and so long as any Securities are Outstanding, the Issuer will not issue,
assume or guarantee, and will not permit any Restricted Subsidiary to issue, assume or guarantee, any Indebtedness which is secured by a mortgage, pledge, security interest, lien or encumbrance (any mortgage, pledge, security interest, lien or
encumbrance being hereinafter in this Article referred as a “lien,” or “liens”) of or upon any Operating Property or Operating Assets, whether now owned or
hereafter acquired, of the Issuer or any such Restricted Subsidiary without effectively providing that the Securities (together with, if the Issuer shall so determine, any other Indebtedness of the Issuer ranking equally with the Securities) shall
be equally and ratably secured by a lien on such assets ranking ratably with and equal to (or at the Issuer’s option prior to) such secured Indebtedness; provided that the foregoing restriction shall not apply to: 

(a) liens on any property or assets of any corporation existing at the time such corporation becomes a Restricted Subsidiary
provided that such lien does not extend to any other property of the Issuer or any of its Restricted Subsidiaries; 
 (b)
liens on any property or assets (including stock) existing at the time of acquisition of such property or assets by the Issuer or a Restricted Subsidiary, or liens to secure the payment of all or any part of the purchase price of such property or
assets (including stock) upon the acquisition of such property or assets by the Issuer or a Restricted Subsidiary or to secure any indebtedness incurred, assumed or guaranteed by the Issuer or a Restricted Subsidiary prior to, at the time of, or
within 18 months after such acquisition (or in the case of real property, the completion of construction (including any improvements on an existing asset) 

  
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or commencement of full operation at such property, whichever is later (which in the case of a retail store is the opening of the store for business to the public)) which indebtedness is
incurred, assumed or guaranteed for the purpose of financing all or any part of the purchase price thereof or, in the case of real property, construction or improvements thereon; provided that in the case of any such acquisition, construction
or improvement, the lien shall not apply to any property or assets theretofore owned by the Issuer or a Restricted Subsidiary, other than, in the case of any such construction or improvement, any real property on which the property so constructed,
or the improvement, is located; 
 (c) liens on any property or assets to secure Indebtedness of a Restricted Subsidiary to
the Issuer or to another Restricted Subsidiary; 
 (d) liens on any property or assets of a corporation existing at the time
such corporation is merged into or consolidated with the Issuer or a Restricted Subsidiary or at the time of a purchase, lease or other acquisition of the assets of a corporation or firm as an entirety or substantially as an entirety by the Issuer
or a Restricted Subsidiary provided that such lien does not extend to any other property of the Issuer or any of its Restricted Subsidiaries; 

(e) liens on any property or assets of the Issuer or a Restricted Subsidiary in favor of the United States of America or any
State thereof, or any department, agency or instrumentality or political subdivision of the United States of America or any State thereof, or in favor of any other country, or any political subdivision thereof, to secure partial, progress, advance
or other payments pursuant to any contract or statute or to secure any Indebtedness incurred or guaranteed for the purpose of financing all or any part of the purchase price (or, in the case of real property, the cost of construction) of the
property or assets subject to such liens (including, but not limited to, liens incurred in connection with pollution control, industrial revenue or similar financings); 

(f) any extension, renewal or replacement (or successive extensions, renewals or replacements) in whole or in part, of any lien
referred to in the foregoing clauses (a) through (e), inclusive; provided that the principal amount of indebtedness secured thereby shall 

  
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not exceed the principal amount of indebtedness so secured at the time of such extension, renewal or replacement, and that such extension, renewal or replacement shall be limited to all or a part
of the property or assets which secured the lien so extended, renewed or replaced (plus improvements and construction on real property); 

(g) liens imposed by law, such as mechanics’, workmen’s, repairmen’s, materialmen’s, carriers,
warehouseman’s, vendors, or other similar liens arising in the ordinary course of business, or governmental (federal, state or municipal) liens arising out of contracts for the sale of products or services by the Issuer or any Restricted
Subsidiary, or deposits or pledges to obtain the release of any of the foregoing liens; 
 (h) pledges, liens or deposits
under worker’s compensation laws or similar legislation and liens or judgments thereunder which are not currently dischargeable, or in connection with bids, tenders, contracts (other than for the payment of money) or leases to which the Issuer
or any Restricted Subsidiary is a party, or to secure the public or statutory obligations of the Issuer or any Restricted Subsidiary, or in connection with obtaining or maintaining self-insurance or to obtain the benefits of any law, regulation or
arrangement pertaining to unemployment insurance, old age pensions, social security or similar matters, or to secure surety, appeal or customs bonds to which the Issuer or any Restricted Subsidiary is a party, or in litigation or other proceedings
such as, but not limited to, interpleader proceedings, and other similar pledges, liens or deposits made or incurred in the ordinary course of business; 

(i) liens created by or resulting from any litigation or other proceeding which is being contested in good faith by appropriate
proceedings, including liens arising out of judgments or awards against the Issuer or any Restricted Subsidiary with respect to which the Issuer or such Restricted Subsidiary is in good faith prosecuting an appeal or proceedings for review or for
which the time to make an appeal has not yet expired; or final unappealable judgment liens which are satisfied within 15 days of the date of judgment; or liens incurred by the Issuer or any Restricted Subsidiary for the purpose of obtaining a stay
or discharge in the course of any litigation or other proceeding to which the Issuer or such Restricted Subsidiary is a party; 

  
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 (j) liens for taxes or assessments or governmental charges or levies not yet due
or delinquent, or which can thereafter be paid without penalty, or which are being contested in good faith by appropriate proceedings; landlord’s liens on property held under lease; and any other liens or charges incidental to the conduct of
the business of the Issuer or any Restricted Subsidiary or the ownership of the property or assets of any of them which were not incurred in connection with the borrowing of money or the obtaining of advances or credit and which do not, in the
opinion of the Issuer, materially impair the use of such property or assets in the operation of the business of the Issuer or such Restricted Subsidiary or the value of such property or assets for the purposes of such business; or 

(k) liens not permitted by clauses (a) through (j) above if at the time of, and after giving effect to, the creation
or assumption of any such lien, the aggregate amount of all Indebtedness of the Issuer and its Restricted Subsidiaries secured by all such liens not so permitted by clauses (a) through (j) above together with the Attributable Debt in
respect of Sale and Lease-Back Transactions permitted by paragraph (a) of Section 3.8 does not exceed the greater of (i) $250 million or (ii) 15% of Consolidated Net Tangible Assets. 

SECTION 3.8 Limitations on Sale and Lease-Back. After the date hereof and so long as any Securities are Outstanding, the Issuer agrees
that it will not, and will not permit any Restricted Subsidiary to, enter into any arrangement with any Person providing for the leasing by the Issuer or a Restricted Subsidiary of any Operating Property or Operating Asset (other than any such
arrangement involving a lease for a term, including renewal rights, for not more than 3 years and leases between the Issuer and a Subsidiary or between Subsidiaries), whereby such Operating Property or Operating Asset has been or is to be sold or
transferred by the Issuer or any Restricted Subsidiary to such Person (herein referred to as a “Sale and Lease-Back Transaction”), unless: 

(a) the Issuer or such Restricted Subsidiary would, at the time of entering into a Sale and Lease-Back Transaction, be entitled
to incur Indebtedness secured by a lien on the Operating Property or Operating Asset to be leased in an amount at least equal to the Attributable Debt in respect of such Sale and Lease-Back Transaction without equally and ratably securing the
Securities pursuant to Section 3.7; or 

  
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 (b) the proceeds of the sale of the Operating Property or Operating Asset to be
leased are at least equal to the fair market value of such Operating Property or Operating Asset (as determined by the chief financial officer or chief accounting officer of the Issuer) and an amount in cash equal to the net proceeds from the sale
of the Operating Property or Operating Asset so leased is applied, within 180 days of the effective date of any such Sale and Lease-Back Transaction, to the purchase or acquisition (or, in the case of Operating Property, the construction) of
Operating Property or Operating Assets or to the retirement (other than at maturity or pursuant to a mandatory sinking fund or redemption provision and other than Indebtedness owned by the Issuer or any Restricted Subsidiary) of Securities or of
Funded Indebtedness of the Issuer ranking on a parity with or senior to the Securities, or in the case of a Sale and Lease-Back Transaction by a Restricted Subsidiary, of Funded Indebtedness of such Restricted Subsidiary; provided that in
connection with any such retirement, any related loan commitment or the like shall be reduced in an amount equal to the principal amount so retired. 
 The
foregoing restriction shall not apply to, in the case of any Operating Property or Operating Asset acquired or constructed subsequent to the date eighteen months prior to the date of this Indenture, any Sale and Lease-Back Transaction with respect
to such Operating Asset or Operating Property (including presently owned real property upon which such Operating Property is to be constructed) if a binding commitment is entered into with respect to such Sale and Lease-Back Transaction within 18
months after the later of the acquisition of the Operating Property or Operating Asset or the completion of improvements or construction thereon or commencement of full operations at such Operating Property (which in the case of a retail store is
the opening of the store for business to the public). 
 SECTION 3.9 Reports by the Issuer. The Issuer covenants to file with the
Trustee, within 15 days after the Issuer is required to file the same with the Commission, copies of the annual reports and of the information, documents, and other reports which the Issuer may be required to file with the Commission pursuant to
Section 13 or Section 15(d) of the Securities Exchange Act of 1934. 

  
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 ARTICLE FOUR 

SECURITYHOLDERS LISTS AND REPORTS BY THE 

ISSUER AND THE TRUSTEE 

SECTION 4.1 Securityholders Lists. If and so long as the Trustee shall not be the Security registrar for the Securities or any series,
the Issuer will furnish or cause to be furnished to the Trustee a list in such form as the Trustee may reasonably require of the names and addresses of the holders of the Securities of such series pursuant to Section 312 of the Trust Indenture
Act of 1939 (a) semiannually and not more than 15 days after each March 1 and September 1, commencing March 1, 1995, and (b) at such other times as the Trustee may request in writing, within 30 days after receipt by the
Issuer of any such request as of a date not more than 15 days prior to the time such information is furnished. 
 SECTION 4.2 Reports by
the Trustee. Any Trustee’s report required under Section 313(a) of the Trust Indenture Act of 1939 shall be transmitted on or before July 15 in each year following the date hereof, so long as any Securities are Outstanding
hereunder, and shall be dated as of a date convenient to the Trustee no more than 60 nor less than 45 days prior thereto. 
 ARTICLE FIVE

 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS 

ON EVENT OF DEFAULT 

SECTION 5.1 Event of Default Defined; Acceleration of Maturity; Waiver of Default. “Event of Default” with respect to
Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by
operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

(a) default in the payment of any installment of interest upon any of the Securities of such series as and when the same shall
become due and payable, and continuance of such default for a period of 30 days; or 
 (b) default in the payment of all or
any part of the principal of any of the Securities of such series as and when the same shall become due and payable either at maturity, upon a redemption or required repurchase, by declaration or otherwise (including any sinking fund payment); or

  
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 (c) failure on the part of the Issuer duly to observe or perform any other of the
covenants or agreements on the part of the Issuer in the Securities of such series (other than a covenant or agreement in respect of the Securities of such series a default in the performance or breach of which is elsewhere in this Section
specifically dealt with) or contained in this Indenture (other than a covenant or agreement which is not applicable to the Securities of such series) for a period of 60 days after the date on which written notice specifying such failure, stating
that such notice is a “Notice of Default” hereunder and demanding that the Issuer remedy the same, shall have been given by registered or certified mail, return receipt requested, to the Issuer by the Trustee, or to the Issuer and the
Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of such series; or 
 (d)
a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Issuer or any Significant Subsidiary in an involuntary case under any applicable bankruptcy, insolvency, reorganization or other similar law now
or hereafter in effect, or a decree or order adjudging the Issuer or any Significant Subsidiary a bankrupt or insolvent, approving as properly filed a petition seeking reorganization, assignment, adjustment or composition of, or in respect of, the
Issuer or any Significant Subsidiary under any applicable federal or state law or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Issuer or any Significant Subsidiary or for any substantial
part of its property or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(e) the Issuer or any Significant Subsidiary shall commence a voluntary case under any applicable bankruptcy, insolvency,
reorganization or other similar law now or hereafter in effect, or any other case or proceeding to be adjudicated a bankrupt or insolvent, or consent to the entry of an order for relief in an involuntary case or proceeding under any such law or to

  
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the commencement of any bankruptcy or insolvency proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable state or
federal law, or consent to the filing of such petition or, to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Issuer or any Significant Subsidiary for any
substantial part of its property, or make any general assignment for the benefit of creditors, or the admission by the Issuer or any Significant Subsidiary in writing of its inability to pay its debts generally as they become due, or the taking of
corporate action in furtherance of any such action; or 
 (f) failure by the Issuer or any Significant Subsidiary to make any
payment at maturity, including any applicable grace period, in respect of Indebtedness of the Issuer or any Significant Subsidiary (other than the Securities of such series or non-recourse obligations) in an amount in excess of $25,000,000 or the
equivalent thereof in any other currency or composite currency and such failure shall have continued without having been cured, waived, rescinded or annulled for a period of thirty days after written notice thereof shall have been given by
registered or certified mail, return receipt requested, to the Issuer by the Trustee, or to the Issuer and the Trustee by the Holders of not less than 25% in aggregate principal amount of the Outstanding Securities of such series; or 

(g) a default with respect to any Indebtedness of the Issuer or any Significant Subsidiary, which default results in the
acceleration of Indebtedness of the Issuer or any Significant Subsidiary (other than the Debt Securities of such series or non-recourse obligations) in an amount in excess of $25,000,000 or the equivalent thereof in any other currency or composite
currency without such Indebtedness having been discharged or such acceleration having been cured, waived, rescinded or annulled for a period of thirty days after written notice thereof shall have been given by registered or certified mail, return
receipt requested, to the Issuer by the Trustee, or to the Issuer and the Trustee by the Holders of not less than 25% in aggregate principal amount of the Outstanding Securities of such series; or 

  
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 (h) any other Event of Default provided in the supplemental indenture or Board
Resolutions under which such series of Securities is issued or in the form of Security for such series. 
 If an Event of Default occurs and
is continuing with respect to the Securities of any series, then, and in each and every such case (other than an Event of Default specified in clause (d) or (e) of this section relating to the Issuer), except for any series of Securities
the principal of which shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding hereunder (each such series voting as a separate
class) by notice in writing to the Issuer (and to the Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of such series are Original Issue Discount Securities, such portion of the principal amount as may be
specified in the terms of such series) of all Securities of such series, and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration, the same shall become immediately due and payable. If an Event of
Default specified in clause (d) or (e) of this section relating to the Issuer occurs, such principal amount shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any
Holder. 
 The foregoing provisions, however, are subject to the condition that if, at any time after the principal (or, if the Securities
of such series are Original Issue Discount Securities, such portion of the principal as may be specified in the terms thereof) of the Securities of any series shall have been so declared due and payable, and before any judgment or decree for the
payment of the moneys due shall have been obtained or entered as hereinafter provided, the Issuer shall pay or shall deposit with the Trustee a sum sufficient to pay all matured installments of interest upon all the Securities of each such series
and the principal of any and all Securities of such series which shall have become due otherwise than by acceleration (with interest upon such principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue
installments of interest, at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series to the date of such payment or deposit) and such amount as shall
be sufficient to cover reasonable compensation to the Trustee and each predecessor Trustee, their respective agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor
Trustee except as a result of negligence or bad faith, and if 

  
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any and all Events of Default under the Indenture, other than the non-payment of the principal of Securities which shall have become due by acceleration, shall have been cured, waived or
otherwise remedied as provided herein — then and in every such case the Holders of a majority in aggregate principal amount of all the Securities of such series then Outstanding (each series voting as a separate class), by written notice to the
Issuer and to the Trustee, may waive all defaults with respect to each such series and rescind and annul such declaration and its consequences, but no such waiver or rescission and annulment shall extend to or shall affect any subsequent default or
shall impair any right consequent thereon. 
 For all purposes under this Indenture, if a portion of the principal of any Original Issue
Discount Securities shall have been accelerated and declared due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and annulled, the principal amount of such Original
Issue Discount Securities shall be deemed, for all purposes hereunder, to be such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion of the principal thereof as shall be due and
payable as a result of such acceleration, together with accrued interest, if any, thereon and all other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities. 

SECTION 5.2 Collection of Indebtedness by Trustee; Trustee May Prove Debt. The Issuer covenants that (a) in case default shall be
made in the payment of any installment of interest on any of the Securities of any series when such interest shall have become due and payable, and such default shall have continued for a period of 30 days or (b) in case default shall be made
in the payment of all or any part of the principal of any of the Securities of any series when the same shall have become due and payable, whether upon maturity of the Securities of such series or upon any redemption or by declaration or otherwise
— then upon demand of the Trustee, the Issuer will pay to the Trustee for the benefit of the Holders of the Securities of such series the whole amount that then shall have become due and payable on all Securities of such series, and such
Coupons, for principal or interest, as the case may be (with interest to the date of such payment upon the overdue principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest at
the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue 

  
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Discount Securities) specified in the Securities of such series); and in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including
reasonable compensation to the Trustee and each predecessor Trustee, their respective agents, attorneys and counsel, and any expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor Trustee except as a result of
its negligence or bad faith. 
 Until such demand is made by the Trustee, the Issuer may pay the principal of and interest on the Securities
of any series to the Holders, whether or not the principal of and interest on the Securities of such series be overdue. 
 In case the
Issuer shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the
sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such judgment or final decree against the Issuer or other obligor upon the Securities and collect in the manner provided by law
out of the property of the Issuer or other obligor upon the Securities, wherever situated the moneys adjudged or decreed to be payable. 

In case there shall be pending proceedings relative to the Issuer or any other obligor upon the Securities under Title 11 of the United States
Code or any other applicable Federal or state bankruptcy, insolvency, reorganization or other similar law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been
appointed for or taken possession of the Issuer or its property or such other obligor, or in case of any other comparable judicial proceedings relative to the Issuer or other obligor upon the Securities of any series, or to the creditors or property
of the Issuer or such other obligor, the Trustee, irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any
demand pursuant to the provisions of this Section, shall be entitled and empowered, by intervention in such proceedings or otherwise: 

(a) to file and prove a claim or claims for the whole amount of principal and interest (or, if the Securities of any series are
Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) owing and unpaid 

  
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in respect of the Securities of any series, and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for
reasonable compensation to the Trustee and each predecessor Trustee, and their respective agents, attorneys and counsel, and for reimbursement of all expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor
Trustee, except as a result of negligence or bad faith) and of the Securityholders allowed in any judicial proceedings relative to the Issuer or other obligor upon the Securities of any series, or to the creditors or property of the Issuer or such
other obligor, 
 (b) unless prohibited by applicable law and regulations, to vote on behalf of the Holders of the Securities
of any series in any election of a trustee or a standby trustee in any arrangement, reorganization, liquidation or other bankruptcy or insolvency proceedings or Person performing similar functions in comparable proceedings, and 

(c) to collect and receive any moneys or other property payable or deliverable on any such claims, and to distribute all
amounts received with respect to the claims of the Securityholders and of the Trustee on their behalf; and any trustee, receiver, or liquidator, custodian or other similar official is hereby authorized by each of the Securityholders to make payments
to the Trustee, and, in the event that the Trustee shall consent to the making of payments directly to the Securityholders, to pay to the Trustee such amounts as shall be sufficient to cover reasonable compensation to the Trustee, each predecessor
Trustee and their respective agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor Trustee except as a result of negligence or bad faith. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or vote for or accept or adopt on behalf of any
Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of any series or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Securityholder in any
such proceeding except, as aforesaid, to vote for the election of a trustee in bankruptcy or similar Person. 

  
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 All rights of action and of asserting claims under this Indenture, or under any of the Securities
of any series or Coupons appertaining to such Securities, may be prosecuted and enforced by the Trustee without the possession of any of the Securities of such series or Coupons appertaining to such Securities or the production thereof on any trial
or other proceedings relative thereto, and any such action or proceedings instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the payment of the expenses, disbursements,
advances and compensation of the Trustee, each predecessor Trustee and their respective agents and attorneys, shall be for the ratable benefit of the Holders of the Securities or Coupons appertaining to such Securities in respect of which such
judgment has been recovered. 
 In any proceedings brought by the Trustee (and also any proceedings involving the interpretation of any
provision of this Indenture to which the Trustee shall be a party) the Trustee shall be held to represent all the Holders of the Securities or Coupons appertaining to such Securities in respect to which such action was taken, and it shall not be
necessary to make any Holders of such Securities or Coupons appertaining to such Securities parties to any such proceedings. 
 SECTION 5.3
Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys
on account of principal or interest, upon presentation of the several Securities and Coupons appertaining to such Securities in respect of which moneys have been collected and stamping (or otherwise noting) thereon the payment, or issuing Securities
of such series in reduced principal amounts in exchange for the presented Securities of like series if only partially paid, or upon surrender thereof if fully paid: 

FIRST: To the payment of costs and expenses applicable to such series in respect of which moneys have been collected, including
any and all amounts due the Trustee under Section 6.6; 
 SECOND: In case the principal of the Securities of such series
in respect of which moneys have been collected shall not have become and be then due and payable, to the payment of interest on the Securities of such series in default in the order of the maturity of the installments of such interest, with interest
(to the 

  
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extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue
Discount Securities) specified in such Securities, such payments to be made ratably to the Persons entitled thereto, without discrimination or preference; 

THIRD: In case the principal of the Securities of such series in respect of which moneys have been collected shall have become
and shall be then due and payable, to the payment of the whole amount then owing and unpaid upon all the Securities of such series for principal and interest, with interest upon the overdue principal, and (to the extent that such interest has been
collected by the Trustee) upon overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series; and in case such moneys
shall be insufficient to pay in full the whole amount so due and unpaid upon the Securities of such series, then to the payment of such principal and interest or Yield to Maturity, without preference or priority of principal over interest or Yield
to Maturity, or of interest or Yield to Maturity over principal, or of any installment of interest over any other installment of interest, or of any Security of such series over any other Security of such series, ratably to the aggregate of such
principal and accrued and unpaid interest or Yield to Maturity; and 
 FOURTH: To the payment of the remainder, if any, to
the Issuer or any other Person lawfully entitled thereto. 
 SECTION 5.4 Suits for Enforcement. In case an Event of Default has
occurred, has not been waived and is continuing, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect
and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture
or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 

  
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 SECTION 5.5 Restoration of Rights on Abandonment of Proceedings. In case the Trustee or
any Securityholder shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee or such Securityholder, then and
in every such case, subject to any determination in such proceeding the Issuer, the Trustee and the Securityholder shall be restored severally and respectively to their former positions and rights hereunder, and all rights, remedies and powers of
the Issuer, the Trustee and the Securityholders shall continue as though no such proceedings had been taken. 
 SECTION 5.6 Limitations
on Suits by Securityholders. No Holder of any Security of any series or of any Coupon appertaining thereto shall have any right by virtue or by availing of any provision of this Indenture to institute any action or proceeding at law or in equity
or in bankruptcy or otherwise upon or under or with respect to this Indenture, or for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for any other remedy hereunder, unless such Holder previously shall have
given to the Trustee written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of not less than 25% in aggregate principal amount of the Securities of such affected series then Outstanding shall
have made written request upon the Trustee, and the Trustee shall not have received direction inconsistent with such written request by the Holders of a majority in principal amount of the Securities of such affected series then outstanding, to
institute such action or proceedings in its own name as trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities (including the fees and expenses of
Trustee’s Counsel) to be incurred therein or thereby and the Trustee for 60 days after its receipt of such notice, request and offer of indemnity shall have failed to institute any such action or proceeding and no direction inconsistent with
such written request shall have been given to the Trustee pursuant to Section 5.9; it being understood and intended, and being expressly covenanted by the Holder of every Security or Coupon with every other Holder and the Trustee, that no one
or more Holders of Securities of any series or Coupons appertaining to such Securities shall have any right in any manner whatever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other
such Holder of Securities or Coupons appertaining to such Securities, or to obtain or seek to obtain priority over or preference to any other such Holder or to enforce any right under this Indenture, except in the manner herein provided and for the
equal, ratable and common benefit of all Holders of Securities of the applicable series and Coupons appertaining to such Securities. For the protection and enforcement of the provisions of this Section, each and every Securityholder and the Trustee
shall be entitled to such relief as can be given either at law or in equity. 

  
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 SECTION 5.7 Unconditional Right of Securityholders to Institute Certain Suits.
Notwithstanding any other provision in this Indenture and any provision of any Security, the right of any Holder of any Security or Coupon to receive payment of the principal of (or premium, if any) and interest on such Security or Coupon on or
after the respective due dates expressed in such Security or Coupon, or to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

SECTION 5.8 Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default. Except as provided in Sections 2.9 and 5.6 no
right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities or Coupons 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. 
 No delay or omission of the Trustee or of any Holder of Securities or Coupons to
exercise any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default or an acquiescence therein; and, subject to
Section 5.6, every power and remedy given by this Indenture or by law to the Trustee or to the Holders of Securities or Coupons may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders of
Securities or Coupons. 
 SECTION 5.9 Control by Holders of Securities. The Holders of a majority in aggregate principal amount of
the Securities of any series affected (with each series voting as a separate class) at the time Outstanding shall have the right to direct the time, method, and place of conducting any 

  
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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 pursuant to this Indenture;
provided that such direction shall not be otherwise than in accordance with law and the provisions of this Indenture; and provided further that (subject to the provisions of Section 6.1) the Trustee shall have the right to
decline to follow any such direction if the Trustee, being advised by counsel, shall determine that the action or proceeding so directed may not lawfully be taken or would involve the Trustee in personal liability or if the Trustee in good faith by
its trust committee thereof or any Responsible Officer shall so determine that the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial to the interests of Holders of the Securities of all series so affected
not joining in the giving of said direction, it being understood that (subject to Section 6.1) the Trustee shall have no duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders. 

Nothing in this Indenture shall impair the right of the Trustee in its discretion to take any action deemed proper by the Trustee and which is
not inconsistent with such direction or directions by Securityholders. 
 SECTION 5.10 Waiver of Past Defaults. Prior to the
declaration of the acceleration of the maturity of the Securities of any series as provided in Section 5.1, the Holders of a majority in aggregate principal amount of the Securities of such series at the time Outstanding may on behalf of the
Holders of all Securities of such series waive any past default or Event of Default with respect to such series described in Section 5.1 and its consequences, except a default in respect of a covenant or provision hereof which cannot be
modified or amended without the consent of the Holder of each Security affected (including, without limitation, the provisions with respect to payment of principal of (or premium, if any) and interest on such Security). 

Upon any such waiver, such default shall cease to exist and be deemed to have been cured and not to have occurred, and any Event of Default
arising therefrom shall be deemed to have been cured, and not to have occurred for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon. 

  
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 SECTION 5.11 Trustee to Give Notice of Default, But May Withhold in Certain Circumstances.
The Trustee shall at Issuer’s expense, within ninety days after the occurrence of a default with respect to the Securities of any series, give notice of all defaults with respect to that series known to the Trustee (i) if any Unregistered
Securities of that series are then Outstanding, to the Holders thereof, by publication at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in an Authorized Newspaper in London (and, if
required by Section 3.6, at least once in an Authorized Newspaper in Luxembourg) and (ii) to all Holders of Securities of such series, unless in each case such defaults shall have been cured before the mailing or publication of such notice
(the terms “default” and “defaults” for the purpose of this Section being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided that,
except in the case of default in the payment of the principal of or interest on any of the Securities of such series, or in the payment of any sinking fund installment on such series, the Trustee shall be protected in withholding such notice if and
so long as a trust committee or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Securityholders of such series. 

SECTION 5.12 Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any
Security or Coupon 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
and disbursements, against any party litigant in such suit, having due regard for 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
Trustee, to any suit instituted by any Securityholder or group of Securityholders of any series holding in the aggregate more than 10% in aggregate principal amount of the Securities of such series then Outstanding, or to any suit instituted by any
Securityholder for the enforcement of the payment of the principal of or interest on any Security on or after the due date expressed in such Security or any date fixed for redemption. 

  
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 ARTICLE SIX 

CONCERNING THE TRUSTEE 

SECTION 6.1 Duties and Responsibilities of the Trustee; During Default; Prior to Default. With respect to the Holders of any series of
Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a particular series and after the curing or waiving of all Events of Default which may have occurred with respect to such
series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (which has not been cured or waived) the Trustee
shall exercise with respect to such series of Securities 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. 
 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 wilful misconduct, except that 
 (a) prior to the occurrence of an Event
of Default with respect to the Securities of a series and after the curing or waiving of all such Events of Default with respect to such series which may have occurred: 

(i) the duties and obligations of the Trustee with respect to the Securities of such series shall be determined solely by the
express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this
Indenture against the Trustee ; and 
 (ii) in the absence of bad faith on the part of the Trustee, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any statements, certificates or opinions furnished to the Trustee and conforming to the requirements of

  
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this Indenture; but in the case of any such statements, certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under
a duty to examine the same to determine whether or not they conform to the requirements of this Indenture; 
 (b) the Trustee
shall not be liable for any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(c) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders pursuant to Section 5.9 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. 
 None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise
incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be reasonable ground for believing that the repayment of such funds or adequate indemnity against such
liability is not reasonably assured to it. 
 The provisions of this Section 6.1 are in furtherance of and subject to Sections 315 and
316 of the Trust Indenture Act of 1939. 
 SECTION 6.2 Certain Rights of the Trustee. In furtherance of and subject to the Trust
Indenture Act of 1939, and subject to Section 6.1: 
 (a) the Trustee may rely and shall be protected in acting or
refraining from acting upon any resolution, Officer’s Certificate, Opinion of Counsel, or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, note, coupon, security or other paper or
document believed by it to be genuine and to have been signed or presented by the proper party or parties; 

  
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 (b) any request, direction, order or demand of the Issuer mentioned herein shall
be sufficiently evidenced by an Officer’s Certificate or Issuer Order (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof
certified by the secretary or an assistant secretary of the Issuer; 
 (c) the Trustee may consult with counsel and any
advice or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted to be taken by it hereunder in good faith and in reliance thereon in accordance with such advice or Opinion
of Counsel; 
 (d) the Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this
Indenture at the request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and
liabilities which might be incurred therein or thereby; 
 (e) the Trustee shall not be liable for any action taken or
omitted by it in good faith and believed by it to be authorized or within the discretion, rights or powers conferred upon it by this Indenture; 

(f) prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all Events of Default, the
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note, coupon,
security, or other paper or document unless requested in writing so to do by the Holders of not less than a majority in aggregate principal amount of the Securities of each series affected then Outstanding, but during an Event of Default or upon
reasonable grounds prior to such Event of Default the Trustee, in the furtherance of its duties may make such further inquiries or investigation into such related facts or matters, and, if the Trustee shall determine to make such inquiry or
investigation, it shall be entitled to reasonable examination of the books, records and premises of the Issuer, personally or by agent or attorney upon reasonable notice to the Issuer; provided that, if the payment within a reasonable time to
the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not 

  
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reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity against such expenses or liabilities as a condition
to proceeding; the reasonable expenses of every such investigation shall be paid by the Issuer or, if paid by the Trustee or any predecessor Trustee, shall be repaid by the Issuer upon demand; 

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

(h) the Trustee shall not be deemed to have knowledge of an Event of Default (other than a payment default) until a Responsible
Officer of the Trustee shall have received written notice thereof stating that an Event of Default has occurred. 
 SECTION 6.3 Trustee
Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the
Issuer, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency of this Indenture or of the Securities or Coupons. The Trustee shall not be accountable for the
use or application by the Issuer of any of the Securities or of the proceeds thereof. 
 SECTION 6.4 Trustee and Agents May Hold
Securities or Coupons; Collections, etc. The Trustee or any agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities or Coupons with the same rights it would have if it were not
the Trustee or such agent and, may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee or such agent. 

SECTION 6.5 Moneys Held by Trustee. Subject to the provisions of Section 10.4 hereof, all moneys received by the Trustee shall,
until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by mandatory provisions of law. Neither the Trustee nor any agent of
the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder. 

  
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 SECTION 6.6 Compensation and Indemnification of Trustee and Its Prior Claim. The Issuer
covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) and the
Issuer covenants and agrees to pay or reimburse the Trustee and each predecessor Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by or on behalf of it in accordance with any of the provisions of this
Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all agents and other Persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence or
bad faith. The Issuer also covenants to indemnify the Trustee and each predecessor 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 this Indenture or the trusts hereunder and its duties hereunder, including the costs and expenses of defending itself against or investigating any claim or liability in the premises, except to the extent such
loss, liability or expense is due to the negligence or bad faith of the Trustee or such predecessor Trustee. The obligations of the Issuer under this Section to compensate and indemnify the Trustee and each predecessor Trustee and to pay or
reimburse the Trustee and each predecessor Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive the removal or resignation of the Trustee and the satisfaction and discharge of this
Indenture. Such additional indebtedness shall be a senior claim to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Securities or
Coupons, and the Securities are hereby subordinated to such senior claim. When the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 5.1 or in connection with Article Five hereof, the
expenses (including the reasonable fees and expenses of its counsel) and the compensation for the service in connection therewith are intended to constitute expenses of administration under any bankruptcy law. 

  
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 SECTION 6.7 Right of Trustee to Rely on Officer’s Certificate, etc. Subject to
Sections 6.1 and 6.2, whenever in the administration of the trusts of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting any action hereunder, such matter
(unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officer’s Certificate delivered to
the Trustee, and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith
thereof. 
 SECTION 6.8 Persons Eligible for Appointment as Trustee. The Trustee for each series of Securities hereunder shall at all
times be a corporation having a combined capital and surplus of at least $10,000,000, and which is eligible in accordance with the provisions of Section 310 (a) of the Trust Indenture Act of 1939. If such corporation publishes reports of
condition at least annually, pursuant to law or to the requirements of a Federal, State or District of Columbia 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 forth in its most recent report of condition so published. 
 SECTION 6.9
Resignation and Removal; Appointment of Successor Trustee. (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series of Securities by giving written notice of
resignation to the Issuer and (i) if any Unregistered Securities of a series affected are then Outstanding, by giving notice of such resignation to the Holders thereof, by publication at least once in an Authorized Newspaper in the Borough of
Manhattan, The City of New York, and at least once in an Authorized Newspaper in London (and, if required by Section 3.6, at least once in an Authorized Newspaper in Luxembourg), (ii) if any Unregistered Securities of a series affected are
then Outstanding, by mailing notice of such resignation to the Holders thereof who have filed their names and addresses with the Trustee at such addresses as were so furnished to the Trustee and (iii) by mailing notice of such resignation to
the Holders of then Outstanding Registered Securities of each series affected at their addresses as they shall appear on the registry books. Upon receiving such notice of resignation, the Issuer shall promptly appoint a successor trustee or trustees
with respect to the applicable series by written instrument in duplicate, executed by authority of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one

  
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copy to the successor trustee or trustees. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the mailing of such notice of resignation, the
resigning trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or any Securityholder who has been a bona fide Holder of a Security or Securities of the applicable series for at least six months may,
subject to the provisions of Section 5.12, on behalf of himself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper
and prescribe, appoint a successor trustee. 
 (b) In case at any time any of the following shall occur: 

(i) the Trustee shall fail to comply with the provisions of Section 310(b) of the Trust Indenture Act of 1939 with respect
to any series of Securities after written request therefor by the Issuer or by any Securityholder who has been a bona fide Holder of a Security or Securities of such series for at least six months; or 

(ii) the Trustee shall cease to be eligible in accordance with the provisions of Section 310(a) of the Trust Indenture Act
of 1939 and shall fail to resign after written request therefor by the Issuer or by any such Securityholder; or 
 (iii) the
Trustee shall become incapable of acting with respect to any series of Securities, or shall be adjudged a bankrupt or insolvent, or a receiver or liquidator of the Trustee or of its property shall be appointed, or any public officer shall take
charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation; 
 then, in any such case,
the Issuer may remove the Trustee with respect to the applicable series of Securities and appoint a successor trustee for such series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument
shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to Section 315(e) of the Trust Indenture Act of 1939, any Securityholder who has been a bona fide Holder of a Security or Securities of such series
for at least six months may 

  
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on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such
series. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint a successor trustee. 

(c) The Holders of a majority in aggregate principal amount of the Securities of each series at the time Outstanding may at any time remove the
Trustee with respect to Securities of such series and appoint a successor trustee with respect to the Securities of such series by delivering to the Trustee so removed, to the successor trustee so appointed and to the Issuer the evidence provided
for in Section 7.1 of the action in that regard taken by the Securityholders. 
 (d) Any resignation or removal of the Trustee with
respect to any series and any appointment of a successor trustee with respect to such series pursuant to any of the provisions of this Section 6.9 shall become effective upon acceptance of appointment by the successor trustee as provided in
Section 6.10. 
 (e) The Issuer shall give notice of each removal of the Trustee (i) if any Unregistered Securities of a series
affected are then Outstanding, to the Holders thereof, by publication of such notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in an Authorized Newspaper in London (and, if required
by Section 3.6, at least once in an Authorized Newspaper in Luxembourg), (ii) if any Unregistered Securities of a series affected are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee
pursuant to Section 4.4(c) (ii), by mailing such notice to such Holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Issuer for such purpose) and (iii) to the Holders
of Registered Securities of each series affected, by mailing such notice to such Holders at their addresses as they shall appear on the registry books. 

SECTION 6.10 Acceptance of Appointment by Successor Trustee. Any successor Trustee appointed as provided in Section 6.9 shall
execute and deliver to the Issuer and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with respect to all or any applicable series shall become
effective and such successor Trustee, without any further act, deed or conveyance, shall become 

  
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vested with all rights, powers, duties and obligations with respect to such series of its predecessor hereunder, with like effect as if originally named as Trustee for such series hereunder; but,
nevertheless, on the written request of the Issuer or of the successor Trustee, upon payment of its charges then unpaid, the Trustee ceasing to act shall, subject to Section 10.4, pay over to the successor Trustee all moneys at the time held by
it hereunder and shall execute and deliver an instrument transferring to such successor Trustee all such rights, powers, duties and obligations. Upon request of any such successor Trustee, the Issuer shall execute any and all instruments in writing
for more fully and certainly vesting in and confirming to such successor Trustee all such rights and powers. Any Trustee ceasing to act shall, nevertheless, retain a prior claim upon all property or funds held or collected by such Trustee to secure
any amounts then due it pursuant to the provisions of Section 6.6. 
 If a successor Trustee is appointed with respect to the
Securities of one or more (but not all) series, the Issuer, the predecessor trustee and each successor Trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain
such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor trustee with respect to the Securities of any series as to which the predecessor trustee is not retiring shall
continue to be vested in the predecessor trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being
understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be Trustee of a trust or trusts under separate indentures. 

Upon acceptance of appointment by any successor Trustee as provided in this Section 6.10, the Issuer shall give notice thereof
(a) if any Unregistered Securities of a series affected are then Outstanding, to the Holders thereof, by publication of such notice at least once in an Authorized Newspaper in the Borough of Manhattan, The City of New York and at least once in
an Authorized Newspaper in London (and, if required by Section 3.6, at least once in an Authorized Newspaper in Luxembourg), (b) if any Unregistered Securities of a series affected are then Outstanding, to the Holders thereof who have filed
their names and addresses with the 

  
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Trustee, by mailing such notice to such Holders at such addresses as were so furnished to the Trustee (and the Trustee shall make such information available to the Issuer for such purpose) and
(c) to the Holders of Registered Securities of each series affected, by mailing such notice to such Holders at their addresses as they shall appear on the registry books. Each such notice shall include the name of the successor trustee and the
address of its principal corporate trust office. If the acceptance of appointment is substantially contemporaneous with the resignation, then the notice called for by the preceding sentence may be combined with the notice called for by
Section 6.9. If the Issuer fails to give such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be given at the expense of the Issuer. 

SECTION 6.11 Merger, Conversion, Consolidation or Succession to Business of Trustee. Any corporation into which the Trustee may be
merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Trustee,
shall be the successor of the Trustee hereunder; provided that such corporation shall be eligible to so serve, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the
contrary notwithstanding. 
 In case at the time such successor to the Trustee shall succeed to the trusts created by this Indenture any of
the Securities of any series shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee and deliver such Securities so authenticated; and, in case at that
time any of the Securities of any series shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases
such certificate shall have the full force which it is anywhere in the Securities of such series or in this Indenture provided that the certificate of the Trustee shall have; provided that the right to adopt the certificate of authentication
of any predecessor Trustee or to authenticate Securities of any series in the name of any predecessor Trustee shall apply only to its successor or successors by merger, conversion or consolidation. 

  
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 SECTION 6.12 Appointment of Authenticating Agent. As long as any Securities of a series
remain Outstanding, the Trustee may, by an instrument in writing, appoint with the approval of the Issuer an authenticating agent (the “Authenticating Agent”) which shall be authorized to act on behalf of the Trustee to authenticate
Securities, including Securities issued upon exchange, registration of transfer, partial redemption or pursuant to Section 2.9. Securities of each such series authenticated by such Authenticating Agent shall be entitled to the benefits of this
Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee. Whenever reference is made in this Indenture to the authentication and delivery of Securities of any series by the Trustee or to 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 for such series and a Certificate of Authentication executed on behalf of the Trustee by such
Authenticating Agent. Such Authenticating Agent shall at all times be a corporation organized and doing business under the laws of the United States of America or of any State, authorized under such laws to exercise corporate trust powers, having a
combined capital and surplus of at least $10,000,000 (determined as provided in Section 6.8 with respect to the Trustee) and subject to supervision or examination by Federal or State authority. 

Any corporation into which any 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 any Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency business of any Authenticating Agent, shall continue to be the Authenticating Agent with
respect to all series of Securities for which it served as Authenticating Agent without the execution or filing of any paper or any further act on the part of the Trustee or such Authenticating Agent. Any Authenticating Agent may at any time, and if
it shall cease to be eligible shall, resign by giving written notice of resignation to the Trustee and to the Issuer. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating
Agent and to the Issuer. 
 Upon receiving such a notice of resignation or upon such a termination, or in case at any time any
Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 6.12 with respect to one or more series of Securities, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the
Issuer and the Issuer shall provide notice of such appointment to all Holders of Securities of such series in the manner and to 

  
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the extent provided in Section 11.4. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all rights, powers, duties and responsibilities
of its predecessor hereunder, with like effect as if originally named as Authenticating Agent. The Issuer agrees to pay to the Authenticating Agent for such series from time to time reasonable compensation. The Authenticating Agent for the
Securities of any series shall have no responsibility or liability for any action taken by it as such at the direction of the Trustee. 

Sections 6.2, 6.3, 6.4 and, as agent of the Trustee, 7.3 shall be applicable to any Authenticating Agent. 

ARTICLE SEVEN 
 CONCERNING THE
SECURITYHOLDERS 
 SECTION 7.1 Evidence of Action Taken by Securityholders. Any request, demand, authorization, direction,
notice, consent, waiver or other action provided by this Indenture to be given or taken by a specified percentage in principal amount of the Securityholders of any or all series may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such specified percentage of Securityholders 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. Proof of execution of any instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Sections 6.1 and 6.2) conclusive in favor of the Trustee
and the Issuer, if made in the manner provided in this Article. 
 SECTION 7.2 Proof of Execution of Instruments and of Holding of
Securities. Subject to Sections 6.1 and 6.2, the execution of any instrument by a Securityholder or his agent or proxy may be proved in the following manner: 

(a) The fact and date of the execution by any Holder or his agent or proxy of any instrument, or the authority of such an agent
or proxy to execute such an instrument, may be proved by the certificate of any notary public or other officer of any jurisdiction authorized to take acknowledgments of deeds or administer oaths that the person executing such instruments
acknowledged to him the execution thereof, or by an affidavit of a witness to such execution sworn to before 

  
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any such notary or other such officer. Where such execution is by or on behalf of any legal entity other than an individual, such certificate or affidavit shall also constitute sufficient proof
of the authority of the person executing the same. The fact of the holding by any Holder of an Unregistered Security of any series, and the identifying number of such Security and the date of his holding the same, may be proved by the production of
such Security or by a certificate executed by any trust company, bank, or recognized securities dealer wherever situated satisfactory to the Trustee, if such certificate shall be deemed by the Trustee to be satisfactory. Each such certificate shall
be dated and shall state that on the date thereof a Security of such series bearing a specified identifying number was deposited with or exhibited to such trust company, bank, or recognized securities dealer by the person named in such certificate.
Any such certificate may be issued in respect of one or more Unregistered Securities of one or more series specified therein. The holding by the Person named in any such certificate of any Unregistered Securities of any series specified therein
shall be presumed to continue for a period of one year from the date of such certificate unless at the time of any determination of such holding (1) another certificate bearing a later date issued in respect of the same Securities shall be
produced, or (2) the Security of such series specified in such certificate shall be produced by some other Person, or (3) the Security of such series specified in such certificate shall have ceased to be Outstanding. Subject to Sections
6.1 and 6.2, the fact and date of the execution of any such instrument and the amount and numbers of Securities of any series held by the Person so executing such instrument and the amount and numbers of any Security or Securities for such series
may also be proven in accordance with such reasonable rules and regulations as may be prescribed by the Trustee for such series or in any other manner which the Trustee for such series may deem sufficient. 

(b) In the case of Registered Securities, the ownership of such Securities shall be proved by the Security register or by a
certificate of the Security registrar. 
 SECTION 7.3 Holders to be Treated as Owners. Prior to due presentment of a Security for
registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may deem and treat the Person in whose name any Security shall be registered upon the Security register 

  
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for such series as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notation of ownership or other writing thereon) for the purpose of
receiving payment of or on account of the principal of and, subject to the provisions of this Indenture, interest on such Security and for all other purposes; and neither the Issuer nor the Trustee nor any agent of the Issuer or the Trustee shall be
affected by any notice to the contrary. The Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Holder of any Unregistered Security and the Holder of any Coupon as the absolute owner of such Unregistered Security or Coupon
(whether or not such Unregistered Security or Coupon shall be overdue) for the purpose of receiving payment thereof or on account thereof and for all other purposes and neither the Issuer, the Trustee, nor any agent of the Issuer or the Trustee
shall be affected by any notice to the contrary. All such payments so made to any such Person, or upon his order, shall be valid, and, to the extent of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys payable upon
any such Unregistered Security or Coupon. 
 SECTION 7.4 Securities Owned by Issuer Deemed Not Outstanding. In determining whether
the Holders of the requisite aggregate principal amount of Outstanding Securities of any or all series have concurred in any direction, consent or waiver under this Indenture, Securities which are owned by the Issuer or any other obligor on the
Securities with respect to which such determination is being made or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor on the Securities with respect to
which such determination is being made shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such
direction, consent or waiver only Securities which the Trustee knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding 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 Issuer or any other obligor upon the Securities or any Person directly or indirectly controlling or controlled by or under direct or indirect
common control with the Issuer or any other obligor on the Securities. In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such advice. Upon request
of the Trustee, the Issuer 

  
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shall furnish to the Trustee promptly an Officer’s Certificate listing and identifying all Securities, if any, known by the Issuer to be owned or held by or for the account of any of the
above-described Persons; and, subject to Sections 6.1 and 6.2, the Trustee shall be entitled to accept such Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities not listed therein are
Outstanding for the purpose of any such determination. 
 SECTION 7.5 Right of Revocation of Action Taken. At any time prior to (but
not after) the evidencing to the Trustee, as provided in Section 7.1, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this
Indenture in connection with such action, any Holder of a Security the serial number of which is shown by the evidence to be included among the serial numbers of the Securities the Holders of which have consented to such action may, by filing
written notice at the Corporate Trust Office and upon proof of holding as provided in this Article, revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the Holder of any security shall be conclusive and
binding upon such Holder and open all future Holders and owners of such Security and of any Securities issued in exchange or substitution therefor or on registration of transfer thereof, irrespective of whether or not any notation in regard thereto
is made upon any such Security. Any action taken by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action shall be
conclusively binding upon the Issuer, the Trustee and the Holders of all the Securities affected by such action. 
 SECTION 7.6 Record
Date for Consents and Waivers. The Issuer may, but shall not be obligated to, direct the Trustee to establish a record date for the purpose of determining the Persons entitled to (i) waive any past default with respect to the Securities of
such series in accordance with Section 5.10 of the Indenture, (ii) consent to any supplemental indenture in accordance with Section 8.2 or (iii) waive compliance with any term, condition or provision of any covenant hereunder (if
the Indenture should expressly provide for such waiver). If a record date is fixed, the Holders on such record date, or their duly designated proxies, and any such Persons, shall be entitled to waive any such past default, consent to any such
supplemental indenture or waive compliance with any such term, condition or provision, whether or not such Holder remains a Holder after such record 

  
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date; provided that unless such waiver or consent is obtained from the Holders, or duly designated proxies, of the requisite principal amount of Outstanding Securities of such series prior
to the date which is the 90th day after such record date, any such waiver or consent previously given shall automatically and without further action by any Holder be cancelled and of no further effect. 

ARTICLE EIGHT 
 SUPPLEMENTAL
INDENTURES 
 SECTION 8.1 Supplemental Indentures Without Consent of Securityholders. The Issuer, when authorized by a resolution
of its Board of Directors (which resolution may provide general terms or parameters for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order), and the Trustee may from
time to time and at any time enter into an indenture or indentures supplemental hereto for one or more of the following purposes: 

(a) to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more series any
property or assets; 
 (b) to evidence the succession of another corporation to the Issuer, or successive successions, and
the assumption by the successor corporation of the covenants, agreements and obligations of the Issuer pursuant to Article Nine; 

(c) to add to the covenants of the Issuer such further covenants, restrictions, conditions or provisions as the Issuer and the
Trustee shall consider to be for the protection of the Holders of Securities or Coupons, and to make the occurrence, or the occurrence and continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of
Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth; provided that in respect of any such additional covenant, restriction, condition or provision such supplemental indenture
may provide for a particular period of grace after default (which period may be shorter or longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such an Event of Default or may limit the remedies
available to the Trustee upon such an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of the Securities of such series to waive such an Event of Default; 

  
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 (d) to cure any ambiguity or to correct or supplement any provision contained
herein or in any supplemental indenture which may be defective or inconsistent with any other provision contained herein or in any supplemental indenture, or to make any other provisions in regard to matters or questions arising under this Indenture
or any supplemental indenture as the Issuer may deem necessary or desirable; provided that no such action shall adversely affect the interests of the Holders of the Securities or Coupons; 

(e) to establish the form or terms of Securities of any series or of the Coupons appertaining to such Securities as permitted
by Sections 2.1 and 2.3; and 
 (f) to evidence and provide for the acceptance of appointment hereunder by a successor
trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee,
pursuant to the requirements of Section 6.10. 
 The Trustee is hereby authorized to join with the Issuer in the execution of any such
supplemental indenture, to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be
obligated to enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Any supplemental indenture authorized by the provisions of this Section may be executed without the consent of the Holders of any of the
Securities at the time Outstanding, notwithstanding any of the provisions of Section 8.2. 
 SECTION 8.2 Supplemental Indentures
With Consent of Securityholders. With the consent (evidenced as provided in Article Seven) of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of any series affected by such
supplemental indenture, the Issuer, when authorized by a resolution of its Board of Directors (which resolution may provide general terms or parameters for such action and may provide that the 

  
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specific terms of such action may be determined in accordance with or pursuant to an Issuer Order), and the Trustee may, from time to time and at any time, enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of the Trust Indenture Act of 1939 as in force at the date of execution thereof) for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of
this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of such series or of the Coupons appertaining to such Securities; provided that no such supplemental indenture shall
(a) change the final maturity of any Security, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any amount payable on redemption or repayment thereof (or the time at which
any such redemption may be made), or make the principal thereof (including any amount in respect of original issue discount), or interest thereon payable in any coin or currency other than that provided in the Securities and Coupons or in accordance
with the terms thereof, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon an acceleration of the maturity thereof pursuant to Section 5.1 or the amount thereof provable in bankruptcy
pursuant to Section 5.2, or alter the provisions of Section 11.11 or impair or affect the right of any Securityholder to institute suit for the payment thereof, in each case without the consent of the Holder of each Security so affected;
provided that no consent of any Holder of any Security shall be necessary under this Section 8.2 to permit the Trustee and the Issuer to execute supplemental indentures pursuant to Section 8.1(e) of this Indenture, or
(b) reduce the aforesaid percentage of Securities of any series, the consent of the Holders of which is required for any such supplemental indenture, without the consent of the Holders of each Security so affected, or (c) reduce the
percentage of Securities of any series necessary to consent to waive any past default under this Indenture to less than a majority, without the consent of the Holders of each Security so affected, or (d) modify any of the provisions of this
Section 8.2, 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 Security affected thereby; provided that this clause
shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section, or the deletion of this proviso, in accordance with the requirements of Sections
6.9, 6.10 and 6.11. 

  
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 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 Holders of Securities of such series, or of Coupons appertaining to such Securities, with respect to
such covenant or provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series or of the Coupons appertaining to such Securities. 

Upon the request of the Issuer, accompanied by a copy of a resolution of the Board of Directors (which resolution may provide general terms or
parameters for such action and may provide that the specific terms of such action may be determined in accordance with or pursuant to an Issuer Order) certified by the secretary or an assistant secretary of the Issuer authorizing the execution of
any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of the Holders of the Securities as aforesaid and other documents, if any, required by Section 7.1, the Trustee shall join with the Issuer in the
execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated
to, enter into such supplemental indenture. 
 It shall not be necessary for the consent of the Securityholders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

Promptly after the execution by the Issuer and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the
Trustee shall give notice thereof (i) to the Holders of then Outstanding Registered Securities of each series affected thereby, by mailing a notice thereof by first-class mail to such Holders at their addresses as they shall appear on the Security
register, (ii) if any Unregistered Securities of a series affected thereby are then Outstanding, to the Holders thereof who have filed their names and addresses with the Trustee, by mailing a notice thereof by first-class mail to such Holders
at such addresses as were so furnished to the Trustee and (iii) if any Unregistered Securities of a series affected thereby are then Outstanding, to all Holders thereof, by publication of a notice thereof at least once in an Authorized
Newspaper in the Borough of Manhattan, The City of New York and at least once in 

  
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an Authorized Newspaper in London (and, if required by Section 3.6, at least once in an Authorized Newspaper in Luxembourg), and in each case such notice shall set forth in general terms the
substance of such supplemental indenture. Any failure of the Issuer to give such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

SECTION 8.3 Effect of Supplemental Indenture. Upon the execution of any supplemental indenture pursuant to the provisions hereof, this
Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Issuer and the Holders of Securities of
each series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to
be part of the terms and conditions of this Indenture for any and all purposes. 
 SECTION 8.4 Documents to Be Given to Trustee. The
Trustee, subject to the provisions of Sections 6.1 and 6.2, shall be entitled to receive an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article Eight complies
with the applicable provisions of this Indenture. 
 SECTION 8.5 Notation on Securities in Respect of Supplemental Indentures.
Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article may bear a notation in form approved by the Trustee for such series as to any matter provided for by
such supplemental indenture or as to any action taken by Securityholders. If the Issuer or the Trustee shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Issuer, to any modification of
this Indenture contained in any such supplemental indenture may be prepared by the Issuer, authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding. 

  
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 ARTICLE NINE 

CONSOLIDATION, MERGER, SALE OR CONVEYANCE 

SECTION 9.1 Covenant Not to Merge, Consolidate, Sell or Convey Property Except Under Certain Conditions. The Issuer covenants that it
will not merge with or into or consolidate with any corporation, partnership, or other entity or sell, lease or convey all or substantially all of its assets to any other Person, unless (i) either the Issuer shall be the continuing corporation,
or the successor entity or the Person which acquires by sale, lease or conveyance substantially all the assets of the Issuer (if other than the Issuer) shall be a corporation or partnership organized under the laws of the United States of America or
any State thereof or the District of Columbia and shall expressly assume all obligations of the Issuer under this Indenture and the Securities, including the due and punctual payment of the principal of and interest on all the Securities and
Coupons, if any, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed or observed by the Issuer, by supplemental indenture in form satisfactory to the
Trustee, executed and delivered to the Trustee by such entity, and (ii) the Issuer, such person or such successor entity, as the case may be, shall not, immediately after such merger or consolidation, or such sale, lease or conveyance, be in
default in the performance of any such covenant or condition and, 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. 
 SECTION 9.2 Successor Corporation Substituted. In case of any such consolidation, merger, sale, lease
or conveyance, and following such an assumption by the successor corporation such successor corporation shall succeed to and be substituted for the Issuer, with the same effect as if it had been named herein. Such successor corporation may cause to
be signed, and may issue either in its own name or in the name of the Issuer prior to such succession any or all of the Securities issuable hereunder which together with any Coupons appertaining thereto theretofore shall not have been signed by the
Issuer and delivered to the Trustee; and, upon the order of such successor corporation, instead of the Issuer, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver
any Securities together with any Coupons appertaining thereto which previously shall have been signed and delivered by the officers of the Issuer to the Trustee for authentication, and any Securities which such successor entity thereafter shall
cause to be signed and delivered to the Trustee for that purpose. All of the Securities so issued together with any Coupons appertaining thereto shall in all respects have the same legal rank and benefit under this Indenture as the Securities
theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution hereof. 

  
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 In case of any such consolidation, merger, sale, lease or conveyance such changes in phrasing and
form (but not in substance) may be made in the Securities and Coupons thereafter to be issued as may be appropriate. 
 In the event of any
such sale or conveyance (other than a conveyance by way of lease) and the assumption of the obligations and covenants under the Securities and this Indenture in accordance with Section 9.1 the Issuer shall be discharged from all obligations and
covenants under this Indenture and the Securities and may be liquidated and dissolved. 
 SECTION 9.3 Opinion of Counsel Delivered to
Trustee. The Trustee, subject to the provisions of Sections 6.1 and 6.2, may receive an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale, lease or conveyance, and any such assumption, and any such liquidation
or dissolution, complies with the applicable provisions of this Indenture. 
 ARTICLE TEN 

SATISFACTION AND DISCHARGE OF INDENTURE; 

UNCLAIMED MONEYS 
 SECTION
10.1 Satisfaction and Discharge of Indenture. (A) The following provisions shall apply to the Securities of each series unless specifically otherwise provided in a Board Resolution, Officer’s Certificate or indenture supplemental hereto
pursuant to Section 2.3. If at any time (a) the Issuer shall have paid or caused to be paid the principal of and interest on all the Securities of any series Outstanding hereunder and all unmatured Coupons appertaining thereto (other than
Securities of such series and Coupons appertaining thereto which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.9) as and when the same shall have become due and payable, or (b) the Issuer
shall have delivered to the Trustee for cancellation all Securities of any series theretofore authenticated and all unmatured Coupons appertaining thereto (other than any Securities of such series and Coupons appertaining thereto which shall have
been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.9) or (c) in the case of any series of Securities where the 

  
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exact amount (including the currency of payment) of principal of and interest due on which can be determined at the time of making the deposit referred to in clause (ii) below, (i) (x) all
the Securities of such series and all unmatured Coupons appertaining thereto not theretofore delivered to the Trustee for cancellation shall have become due and payable, or (y) are by their terms to become due and payable within one year or are
to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and (ii) the Issuer shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds
the entire amount in cash (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.4) or, in the case of any series of Securities the payments on which may only be made in Dollars, direct
obligations of the United States of America, backed by its full faith and credit (“U.S. Government Obligations”), maturing as to principal and interest at such times and in such amounts as will insure the availability of cash, or a
combination thereof, sufficient in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay (aa) the principal and interest on all Securities of such
series and Coupons appertaining thereto on each date that such principal or interest is due and payable and (bb) any mandatory sinking fund payments on the dates on which such payments are due and payable in accordance with the terms of the
Indenture and the Securities of such series; and if, in any such case, the Issuer shall also pay or cause to be paid all other sums payable hereunder by the Issuer, then this Indenture with respect to the Securities of such series and Coupons
appertaining thereto shall cease to be of further effect (except as to (i) rights of registration or transfer and the Issuer’s right of optional redemption, if any, (ii) substitution of mutilated, defaced, destroyed, lost or stolen
Securities or Coupons, (iii) rights of Holders of Securities and Coupons appertaining thereto to receive payments of principal thereof and interest thereon, upon the original stated due dates therefor (but not upon acceleration), and remaining
rights of the Holders to receive mandatory sinking fund payments, if any, (iv) the rights, obligations, duties and immunities of the Trustee hereunder including any right to compensation and indemnification under Section 6.6, (v) the
rights of the Holders of Securities of such series and Coupons appertaining thereto as beneficiaries hereof with respect to the property so deposited with the Trustee payable to all or any of them, and (vi) the obligations of the Issuer under
Section 3.2) and the Trustee, on demand of the Issuer accompanied by an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions 

  
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precedent provided for relating to the satisfaction and discharge contemplated by this provision have been complied with, and at the cost and expense of the Issuer, shall execute proper
instruments acknowledging such satisfaction of and discharging this Indenture with respect to the Securities of such series and Coupons appertaining thereto; provided that the rights of Holders of the Securities and Coupons to receive amounts
in respect of principal of and interest on the Securities and Coupons held by them shall not be delayed longer than required by then-applicable mandatory rules or policies of any securities exchange upon which the Securities are listed. The Issuer
agrees to reimburse the Trustee for any costs or expenses (including the reasonable fees and expenses of counsel) thereafter reasonably and properly incurred and to compensate the Trustee for any services thereafter reasonably and properly rendered
by the Trustee in connection with this Indenture or the Securities of such series. 
 (B) The following provisions shall apply to the
Securities of each series unless specifically otherwise provided in a Board Resolution, Officer’s Certificate or indenture supplemental hereto provided pursuant to Section 2.3. In addition to discharge of the Indenture pursuant to the next
preceding paragraph, in the case of any series of Securities the exact amounts (including the currency of payment) of principal of and interest due on which can be determined at the time of making the deposit referred to in clause (a) below,
the Issuer shall be deemed to have paid and discharged the entire indebtedness on all the Securities of such a series and the Coupons appertaining thereto on the 91st day after the date of the deposit referred to in subparagraph (a) below, and
the provisions of this Indenture with respect to the Securities of such series and Coupons appertaining thereto shall no longer be in effect (except as to (i) rights of registration of transfer and exchange of Securities of such series and of
Coupons appertaining thereto and the Issuer’s right of optional redemption, if any, (ii) substitution of mutilated, defaced, destroyed, lost or stolen Securities or Coupons, (iii) rights of Holders of Securities and Coupons
appertaining thereto to receive payments of principal thereof and interest thereon, upon the original stated due dates therefor (but not upon acceleration), and remaining rights of the Holders to receive mandatory sinking fund payments, if any,
(iv) the rights, obligations, duties and immunities of the Trustee hereunder, (v) the rights of the Holders of Securities of such series and Coupons appertaining thereto as beneficiaries hereof with respect to the property so deposited
with the Trustee payable to all or any of them and (vi) the obligations of the Issuer under Section 3.2) and the Trustee, at the expense of the Issuer, shall at the Issuer’s request, execute proper instruments acknowledging the same,
if 

  
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 (a) with reference to this provision the Issuer has irrevocably deposited or
caused to be irrevocably deposited with the Trustee as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Securities of such series and Coupons appertaining thereto (i) cash in
an amount, or (ii) in the case of any series of Securities the payments on which may only be made in Dollars, U.S. Government Obligations, maturing as to principal and interest at such times and in such amounts as will insure the availability
of cash or (iii) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay (A) the principal and
interest on all Securities of such series and Coupons appertaining thereto on each date that such principal or interest is due and payable and (B) any mandatory sinking fund payments on the dates on which such payments are due and payable in
accordance with the terms of the Indenture and the Securities of such series; 
 (b) such deposit will not result in a breach
or violation of, or constitute a default under, any agreement or instrument to which the Issuer is a party or by which it is bound; 

(c) the Issuer has delivered to the Trustee an Opinion of Counsel based on the fact that (x) the Issuer has received from,
or there has been published by, the Internal Revenue Service a ruling or (y) since the date hereof, there has been a change in the applicable Federal income tax law, in either case to the effect that, and such opinion shall confirm that, the
Holders of the Securities of such series and Coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to Federal income tax on the
same amount and in the same manner and at the same times, as would have been the case if such deposit, defeasance and discharge had not occurred; and 

(d) the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent provided for relating to the defeasance contemplated by this provision have been complied with. 

  
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 SECTION 10.2 Application by Trustee of Funds Deposited for Payment of Securities. Subject
to Section 10.4, all moneys and securities deposited with the Trustee pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own
paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys or securities have been deposited with the Trustee, of all sums due and to become due
thereon for principal and interest; but such moneys or securities need not be segregated from other funds except to the extent required by law. 

SECTION 10.3 Repayment of Moneys Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect
to Securities of any series, all moneys then held by any paying agent under the provisions of this Indenture with respect to such series of Securities shall, upon demand of the Issuer, be repaid to it or paid to the Trustee and thereupon such paying
agent shall be released from all further liability with respect to such moneys. 
 SECTION 10.4 Return of Moneys Held by Trustee and
Paying Agent Unclaimed for One Year. Any moneys or U.S. Government Obligations deposited with or paid to the Trustee or any paying agent for the payment of the principal of or interest on any Security of any series or Coupons attached thereto
and not applied but remaining unclaimed for one year after the date upon which such principal or interest shall have become due and payable, shall, upon the written request of the Issuer and unless otherwise required by mandatory provisions of
applicable escheat or abandoned or unclaimed property law, be repaid to the Issuer by the Trustee for such series or such paying agent, and the Holder of the Securities of such series and of any Coupons appertaining thereto shall, unless otherwise
required by mandatory provisions of applicable escheat or abandoned or unclaimed property laws, thereafter look only to the Issuer for any payment which such Holder may be entitled to collect, and all liability of the Trustee or any paying agent
with respect to such moneys shall thereupon cease; provided that the Trustee or such paying agent, before being required to make any such repayment with respect to moneys deposited with it for any payment (a) in respect of Registered
Securities of any series, shall at the expense of the Issuer, mail by first-class mail to Holders of such Securities at their addresses as they shall appear on the Security register, (b) in respect of Unregistered Securities of any series the
Holders of which have filed their 

  
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names and addresses with the Trustee, shall at the expense of the Issuer, mail by first-class mail to such Holders at such addresses, and (c) in respect of Unregistered Securities of any
series, shall at the expense of the Issuer cause to be published once, in an Authorized Newspaper in the Borough of Manhattan, The City of New York and once in an Authorized Newspaper in London (and if required by Section 3.6, once in an
Authorized Newspaper in Luxembourg), notice, that such moneys remain and that, after a date specified therein, which shall not be less than thirty days from the date of such mailing or publication, any unclaimed balance of such money then remaining
will be repaid to the Issuer. 
 SECTION 10.5 Indemnity for U.S. Government Obligations. The Issuer shall pay and indemnify the
Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 10.1 or the principal or interest received in respect of such obligations. 

ARTICLE ELEVEN  

MISCELLANEOUS PROVISIONS 

SECTION 11.1 Partners, Incorporators, Stockholders, Employees, Officers and Directors of Issuer Exempt from Individual Liability. No
recourse under or upon any obligation, covenant or agreement contained in this Indenture, or in any Security, or because of any indebtedness evidenced thereby, shall be had against any incorporator, as such or against any past, present or future
stockholder, employee, officer or director, as such, of the Issuer, of any partner of the Issuer or of any successor, either directly or through the Issuer or any successor, under any rule of law, statute or constitutional provision or by the
enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities and the Coupons appertaining thereto by the Holders thereof and as part of
the consideration for the issue of the Securities and the Coupons appertaining thereto. 
 SECTION 11.2 Provisions of Indenture for the
Sole Benefit of Parties and Holders of Securities and Coupons. Nothing in this Indenture, in the Securities or in the Coupons appertaining thereto, expressed or implied, shall give or be construed to give to any Person, firm or corporation,
other than the parties hereto and their successors and the Holders of the Securities or Coupons, if any, any legal or equitable right, remedy or claim under this Indenture or under any covenant or provision herein contained, all such covenants and
provisions being for the sole benefit of the parties hereto and their successors and the Holders of the Securities or Coupons, if any. 

  
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 SECTION 11.3 Successors and Assigns of Issuer Bound by Indenture. All the covenants,
stipulations, promises and agreements in this Indenture made by or on behalf of the Issuer shall bind its successors and assigns, whether so expressed or not. 

SECTION 11.4 Notices and Demands on Issuer, Trustee and Holders of Securities and Coupons. Any notice or demand which by any provision
of this Indenture is required or permitted to be given or served by the Trustee or by the Holders of Securities or Coupons to or on the Issuer may be given or served by being deposited postage prepaid, first-class mail (except as otherwise
specifically provided herein) addressed (until another address of the Issuer is filed by the Issuer with the Trustee) to American Stores Company, 709 East South Temple, Salt Lake City, Utah 84102, Attention: Treasurer. Any notice, direction, request
or demand by the Issuer or any Holder of Securities or Coupons to or upon the Trustee shall be deemed to have been sufficiently given or served by being deposited postage prepaid, first-class mail (except as otherwise specifically provided herein)
addressed (until another address of the Trustee is filed by the Trustee with the Issuer) to The First National Bank of Chicago, One First National Bank Plaza, Suite 0126, Chicago, Illinois 60670-0126, Attention: Corporate Trust Administration. 

Where this Indenture provides for notice to Holders of Registered Securities, such notice shall be sufficiently given (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder entitled thereto, at his last address as it appears in the Security register. Where this Indenture provides for notice to Holders of Unregistered Securities,
(i) in respect of such Holders who have filed their names and addresses with the Trustee, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder
entitled thereto, at his last address as it appears in such filing and (ii) in respect of all other Holders of Unregistered Securities, such notice shall be sufficiently given (unless otherwise herein expressly provided) if published at least
once in an Authorized Newspaper in the Borough of Manhattan, the City of New York and at least once in an Authorized Newspaper in 

  
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London (and, if required by Section 3.6, at least once in an Authorized Newspaper in Luxembourg). In any case where notice to such 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. 
 In case, by reason of the suspension of or irregularities in regular mail
service, it shall be impracticable to mail notice to the Issuer when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be reasonably satisfactory to the Trustee shall be
deemed to be a sufficient giving of such notice. 
 SECTION 11.5 Officer’s Certificates and Opinions of Counsel; Statements to Be
Contained Therein. Upon any application or demand by the Issuer to the Trustee to take any action under any of the provisions of this Indenture, the Issuer shall furnish to the Trustee an Officer’s Certificate stating that all conditions
precedent provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of
any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 

Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or
covenant provided for in this Indenture (other than certificates provided pursuant to Section 3.5) shall include (a) a statement that the person making such certificate or opinion has read such covenant or condition, (b) 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, (c) a statement that, in the opinion of such person, he has made such examination
or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with and (d) a statement as to whether or not, in the opinion of such person, such condition or
covenant has been complied with. 

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

Any certificate, statement or opinion of an officer of the Issuer or of counsel may be based, insofar as it relates to accounting matters,
upon a certificate or opinion of or representations by an accountant or firm of accountants in the employ of the Issuer, unless such officer or counsel, as the case may be, knows that the certificate or opinion or representations with respect to the
accounting matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the exercise of reasonable care should know that the same are erroneous. 

Any certificate or opinion of any independent firm of public accountants filed with and directed to the Trustee shall contain a statement that
such firm is independent. 
 SECTION 11.6 Payments Due on Saturdays, Sundays and Holidays. If the date of maturity of interest on or
principal of the Securities of any series or any coupons appertaining thereto or the date fixed for redemption or repayment of any such Security or Coupon shall not be a Business Day, then payment of interest or principal need not be made on such
date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed for redemption or repayment, and, in the case of payment, no interest shall accrue for the period after
such date. 

  
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 SECTION 11.7 Conflict of Any Provision of Indenture with Trust Indenture Act of 1939. If
and to the extent that any provision of this Indenture limits, qualifies or conflicts with another provision included in this Indenture by operation of Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939 (an “incorporated
provision”), such incorporated provision shall control. 
 SECTION 11.8 New York Law to Govern. This Indenture and each Security
and Coupon shall be deemed to be a contract under the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of such State, except as may otherwise be required by mandatory provisions of law. 

SECTION 11.9 Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be an original; but such
counterparts shall together constitute but one and the same instrument. 
 SECTION 11.10 Effect of Headings. The Article and Section
headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
 SECTION 11.11
Securities in a Foreign Currency or in ECUs. Unless otherwise specified in an Officer’s Certificate delivered pursuant to Section 2.3 of this Indenture with respect to a particular series of Securities, whenever for purposes of this
Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all series or all series affected by a particular action at the time Outstanding and, at such time, there are Outstanding
Securities of any series which are denominated in a coin or currency other than Dollars (including ECUs), then the principal amount of Securities of such series which shall be deemed to be Outstanding for the purpose of taking such action shall be
that amount of Dollars that could be obtained for such amount at the Market Exchange Rate as of the date of original issuance of such Securities. The provisions of this paragraph shall apply in determining the equivalent principal amount in respect
of Securities of a series denominated in a currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 

  
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 SECTION 11.12 Judgment Currency. The Issuer agrees, except as provided in
Section 2.12 or by applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest on the Securities of any series (the “Required
Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New
York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then, to the extent permitted by applicable law, the rate of exchange used shall be the
rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is
entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in accordance with
subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of
such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required
Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday
or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or required by law or executive order to close. 

SECTION 11.13 Calculation of Original Issue Discount; Calculation of Foreign Currency Equivalents; Certain Information Concerning Tax
Reporting. As soon as practicable after the issuance of any Original Issue Discount Security, the Issuer shall furnish to the Trustee and the paying agent (if any) appointed pursuant to Section 3.4 an Officer’s Certificate setting
forth (i) the amount of the original issue discount on such Security expressed as a U.S. dollar amount per $1,000 of principal amount of such Security, (ii) the yield to maturity for such Security and (iii) a table of the amounts that
would be due and payable upon a declaration of acceleration of the Maturity of such Security for each day from the date of original issuance of such Security to the Stated Maturity of such Security. 

  
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 As soon as practicable after the issuance of any Security denominated in any currency or
currencies, including composite currencies, other than U.S. dollars, the Issuer shall furnish to the Trustee and the paying agent (if any) appointed pursuant to Section 3.4 an Officer’s Certificate specifying the Market Exchange Rate as of
the date of such issuance and the U.S. dollar equivalent of the principal amount of such Security as of the date of original issuance of such Security (or, in the case of an Original Issue Discount Security, the U.S. dollar equivalent on the date of
original issuance of such Security of the principal amount thereof that would be due and payable as of the date of original issuance of such Security upon a declaration of acceleration of the Maturity thereof as of such date) based upon such Market
Exchange Rate. All decisions and determinations of the Issuer or its agent regarding the Market Exchange Rate shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes
and irrevocably binding upon the Issuer and all Holders. 
 The Issuer covenants to indemnify the Trustee for, and to hold it harmless
against, any loss, liability or expense reasonably incurred without negligence or bad faith on its part arising out of or in connection with actions taken or omitted to be taken by the Trustee in reliance upon any Officer’s Certificate
furnished pursuant to this Section. 
 On or before December 15 of each year during which any Securities are outstanding, the Issuer
shall furnish to the paying agent (if any) appointed pursuant to Section 3.4 and Trustee such information as may be reasonably requested by such paying agent or the Trustee in order that such paying agent (or, if there is no paying agent, the
Trustee) may prepare the information which it is required to report for such year on Internal Revenue Service Forms 1096 and 1099 pursuant to Section 6049 for the Internal Revenue Code of 1986, as amended. Such information shall include the
amount of original issue discount includible in income for each $1,000 of principal amount of Original Issue Discount Securities outstanding during such year. 

ARTICLE TWELVE 
 REDEMPTION OF
SECURITIES AND SINKING FUNDS 
 SECTION 12.1 Applicability of Article. The provisions of this Article shall be applicable to the
Securities of any series which are redeemable before their maturity or to any sinking fund for the retirement of Securities of a series except as otherwise specified, as contemplated by Section 2.3 for Securities of such series. 

  
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 SECTION 12.2 Notice of Redemption; Partial Redemptions. Notice of redemption to the
Holders of Registered Securities of any series to be redeemed as a whole or in part at the option of the Issuer shall be given by mailing notice of such redemption by first-class mail, postage prepaid, at least 30 days and not more than 60 days
prior to the date fixed for redemption to such Holders of Securities of such series at their last addresses as they shall appear upon the registry books. Notice of redemption to Holders of Unregistered Securities shall be published in an Authorized
Newspaper in the Borough of Manhattan, The City of New York and in an Authorized Newspaper in London (and, if required by Section 3.6, in an Authorized Newspaper in Luxembourg), in each case, once in each of three successive calendar weeks, the
first publication to be not less than 30 nor more than 60 days prior to the date fixed for redemption. Any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder
receives the notice. Failure to give notice by mail, or any defect in the notice to the Holder of any Security of a series designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any
other Security of such series. 
 The notice of redemption to each such Holder shall specify, the principal amount of each Security of such
series held by such Holder to be redeemed, the date fixed for redemption, the redemption price, the place or places of payment, that payment will be made upon presentation and surrender of such Securities and, in the case of Securities with Coupons
attached thereto, of all Coupons appertaining thereto maturing after the date fixed for redemption, that such redemption is pursuant to the mandatory or optional sinking fund, or both, if such be the case, that interest accrued to the date fixed for
redemption will be paid as specified in such notice and that on and after said date interest thereon or on the portions thereof to be redeemed will cease to accrue. In case any Security of a series is to be redeemed in part only the notice of
redemption shall state the portion of the principal amount thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security, a new Security or Securities of such series in principal amount equal
to the unredeemed portion thereof will be issued. 

  
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 The notice of redemption of Securities of any series to be redeemed at the option of the Issuer
shall be given by the Issuer or, at the Issuer’s request, by the paying agent appointed pursuant to Section 3.4 (or if there is no such paying agent, the Trustee) in the name and at the expense of the Issuer. 

At least one Business Day prior to the redemption date specified in the notice of redemption given as provided in this Section, the Issuer
will deposit with the Trustee or with one or more paying agents (or, if the Issuer is acting as its own paying agent, set aside, segregate and hold in trust as provided in Section 3.4) an amount of money sufficient to redeem on the redemption
date all the Securities of such series so called for redemption at the appropriate redemption price, together with accrued interest to the date fixed for redemption. The Issuer will deliver to the Trustee not less than 30 nor more than 60 days prior
to the date fixed for redemption an Officer’s Certificate stating the aggregate principal amount of Securities to be redeemed. In case of a redemption at the election of the Issuer prior to the expiration of any restriction on such redemption,
the Issuer shall deliver to the Trustee, prior to the giving of any notice of redemption to Holders pursuant to this Section, an Officer’s Certificate stating that such restriction has been complied with. 

If less than all the Securities of a series are to be redeemed, the paying agent appointed pursuant to Section 3.4 (or, if there is no
such paying agent, the Trustee) shall select, in the manner specified in such Securities or specified pursuant to Section 2.3, or, if no manner is specified in the Securities or pursuant to Section 2.3, then by lot, pro rata or by such
other manner as it shall deem appropriate and fair, Securities of such Series to be redeemed in whole or in part. Securities may be redeemed in part in multiples equal to the minimum authorized denomination for Securities of such series or any
multiple thereof. The paying agent (or the Trustee, as the case may be) shall promptly notify the Issuer in writing of the Securities of such series selected for redemption and, in the case of any Securities of such series 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 of any series shall relate, in the case of any Security
redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed. 

  
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 SECTION 12.3 Payment of Securities Called for Redemption. If notice of redemption has been
given as above provided, the Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date
fixed for redemption, and on and after said date (unless the Issuer shall default in the payment of such Securities at the redemption price, together with interest accrued to said date) interest on the Securities or portions of Securities so called
for redemption shall cease to accrue, and the unmatured Coupons, if any, appertaining thereto shall be void, and, except as provided in Sections 6.5 and 10.4, such Securities shall cease from and after the date fixed for redemption to be entitled to
any benefit or security under this Indenture, and the Holders thereof shall have no right in respect of such Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation
and surrender of such Securities at a place of payment specified in said notice, together with all Coupons, if any, appertaining thereto maturing after the date fixed for redemption, said Securities or the specified portions thereof shall be paid
and redeemed by the Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption; provided that payment of interest becoming due on or prior to the date fixed for redemption shall be
payable in the case of Securities with Coupons attached thereto, to the Holders of the Coupons for such interest upon surrender thereof, and in the case of Registered Securities, to the Holders of such Registered Securities registered as such on the
relevant record date subject to the terms and provisions of Sections 2.3 and 2.7 hereof. 
 If any Security called for redemption shall not
be so paid upon surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue Discount
Security) borne by such Security. 
 If any Security with Coupons attached thereto is surrendered for redemption and is not accompanied by
all appurtenant Coupons maturing after the date fixed for redemption, the surrender of such missing Coupon or Coupons may be waived by the Issuer, the Trustee and any paying agent, if there be furnished to each of them such security or indemnity as
they may require to save each of them harmless. 

  
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 Upon presentation of any Security redeemed in part only, the Issuer shall execute and the Trustee
or Authenticating Agent shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Issuer, a new Security or Securities of such series, of authorized denominations, in principal amount equal to the unredeemed
portion of the Security so presented. 
 SECTION 12.4 Exclusion of Certain Securities from Eligibility for Selection for Redemption.
If this section has been specified in accordance with Section 2.3 to be applicable to the Securities of any series, then Securities shall be excluded from eligibility for selection for redemption if they are identified by registration and
certificate number in an Officer’s Certificate delivered to the Trustee (and the paying agent, if any, appointed pursuant to Section 3.4) at least 45 days prior to the last date on which notice of redemption may be given as being owned of
record and beneficially by, and not pledged or hypothecated by either (a) the Issuer or (b) an entity specifically identified in such written statement as directly or indirectly controlling or controlled by or under direct or indirect
common control with the Issuer. 
 SECTION 12.5 Mandatory and Optional Sinking Funds. The minimum amount of any sinking fund payment
provided for by the terms of the 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 the Securities of any series is herein
referred to as an “optional sinking fund payment”. The date on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment date”. 

If this section has been specified in accordance with Section 2.3 to be applicable to the Securities of any series, then in lieu of
making all or any part of any mandatory sinking fund payment with respect to any series of Securities in cash, the Issuer may at its option (a) deliver to the Trustee or paying agent Securities of such series theretofore purchased or otherwise
acquired (except upon redemption pursuant to the mandatory sinking fund) by the Issuer or receive credit for Securities of such series (not previously so credited) theretofore purchased or otherwise acquired (except as aforesaid) by the Issuer and
delivered to the Trustee or paying agent for cancellation pursuant to Section 2.10, (b) receive credit for optional sinking fund payments (not previously so credited) made pursuant to this Section, or (c) receive credit for Securities of
such series (not previously so credited) redeemed by the Issuer through any optional redemption provision contained in the terms of such series. Securities so delivered or credited shall be received or credited by the Trustee at the sinking fund
redemption price specified in such Securities. 

  
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 On or before the 60th day next preceding each sinking fund payment date for any series, the
Issuer will deliver to the Trustee an Officer’s Certificate (which need not contain the statements required by Section 11.5)(a) specifying the portion of the mandatory sinking fund payment to be satisfied by payment of cash and the portion
to be satisfied by credit of Securities of such series and the basis for such credit, (b) stating that none of the Securities of such series to be so credited has theretofore been so credited, (c) stating that no defaults in the payment of
interest or Events of Default with respect to such series have occurred (which have not been waived or cured) and are continuing and (d) stating whether or not the Issuer intends to exercise its right to make an optional sinking fund payment
with respect to such series and, if so, specifying the amount of such optional sinking fund payment which the Issuer intends to pay on or before the next succeeding sinking fund payment date. Any Securities of such series to be credited and required
to be delivered to the Trustee in order for the Issuer to be entitled to credit therefor as aforesaid which have not theretofore been delivered to the Trustee shall be delivered for cancellation pursuant to Section 2.10 to the Trustee with such
Officer’s Certificate (or reasonably promptly thereafter if acceptable to the Trustee). Such Officer’s Certificate shall be irrevocable and upon its receipt by the Trustee the Issuer shall become unconditionally obligated to make all the
cash payments or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the Issuer, on or before any such 60th day, to deliver such Officer’s Certificate and Securities (subject to the
parenthetical clause in the second preceding sentence) specified in this paragraph, if any, shall not constitute a default but shall constitute, on and as of such date, the irrevocable election of the Issuer (i) that the mandatory sinking fund
payment for such series due on the next succeeding sinking fund payment date shall be paid entirely in cash without the option to deliver or credit Securities of such series in respect thereof and (ii) that the Issuer will make no optional
sinking fund payment with respect to such series as provided in this Section. 

  
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 If the sinking fund payment or payments (mandatory or optional or both) to be made in cash on the
next succeeding sinking fund payment date plus any unused balance of any preceding sinking fund payments made in cash shall exceed $50,000 (or the equivalent thereof in any Foreign Currency or ECU) or a lesser sum in Dollars (or the equivalent
thereof in any Foreign Currency or ECU) if the Issuer shall so request with respect to the Securities of any particular series, such cash shall be applied on the next succeeding sinking fund payment date to the redemption of Securities of such
series at the sinking fund redemption price together with accrued interest to the date fixed for redemption. If such amount shall be $50,000 (or the equivalent thereof in any Foreign Currency or ECU) or less and the Issuer makes no such request then
it shall be carried over until a sum in excess of $50,000 (or the equivalent thereof in any Foreign Currency or ECU) is available. The Trustee or paying agent shall select, in the manner provided in Section 12.2, for redemption on such sinking
fund payment date a sufficient principal amount of Securities of such series to absorb said cash, as nearly as may be, and shall (if requested in writing by the Issuer) inform the Issuer of the serial numbers of the Securities of such series (or
portions thereof) so selected. The Trustee or paying agent, in the name and at the expense of the Issuer (or the Issuer, if it shall so request the Trustee in writing) shall cause notice of redemption of the Securities of such series to be given in
substantially the manner provided in Section 12.2 (and with the effect provided in Section 12.3) for the redemption of Securities of such series in part at the option of the Issuer. The amount of any sinking fund payments not so applied or
allocated to the redemption of Securities of such series shall be added to the next cash sinking fund payment for such series and, together with such payment, shall be applied in accordance with the provisions of this Section. Any and all sinking
fund moneys held on the stated maturity date of the Securities of any particular series (or earlier, if such maturity is accelerated), which are not held for the payment or redemption of particular Securities of such series shall be applied,
together with other moneys, if necessary, sufficient for the purpose, to the payment of the principal of, and interest on, the Securities of such series at maturity. 

The Issuer’s obligation to make a mandatory or optional sinking fund payment shall automatically be reduced by an amount equal to the
sinking fund redemption price allocable to any Securities or portions thereof called for redemption pursuant to the preceding paragraph on any sinking fund payment date. 

On or before each sinking fund payment date, the Issuer shall pay to the Trustee or paying agent, as the case may be, in cash or shall
otherwise provide for the payment of all interest accrued to the date fixed for redemption on Securities to be redeemed on the next following sinking fund payment date. 

  
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 The Trustee or paying agent, as the case may be, shall not redeem or cause to be redeemed any
Securities of a series with sinking fund moneys or give any notice of redemption of Securities for such series by operation of the sinking fund during the continuance of a default in payment of interest on such Securities or of any Event of Default
except that, where the giving of notice of redemption of any Securities shall theretofore have been made, the Trustee or paying agent, as the case may be, shall redeem or cause to be redeemed such Securities; provided that it shall have
received from the Issuer a sum sufficient for such redemption. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such default or Event of Default shall occur, and any moneys thereafter paid into the sinking
fund, shall, during the continuance of such default or Event of Default, be deemed to have been collected under Article Five and held for the payment of all such Securities. In case such Event of Default shall have been waived as provided in
Section 5.10 or the default cured on or before the sixtieth day preceding the sinking fund payment date in any year, such moneys shall thereafter be applied on the next succeeding sinking fund payment date in accordance with this Section to the
redemption of such Securities. 

  
 - 89 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and the
appropriate corporate seals to be hereunto affixed and attested, all as of May 1, 1995. 
  

			
	AMERICAN STORES COMPANY
		
	By	 	 

		 	Title: Sr. Vice President, Treasurer and Assistant Secretary

  

			
	[CORPORATE SEAL]
	
	Attest:
		
	By	 	 

		 	Title: Chief Legal Officer and Assistant Secretary

  

			
	 THE FIRST NATIONAL BANK OF CHICAGO,

Trustee

		
	By	 	  

		 	Title:

  

			
	[CORPORATE SEAL]
	
	Attest:
		
	By	 	  

		 	Title:

  
 - 90 - 

	
	STATE OF
	                                      
                          ss.:
	COUNTY OF

 On the 17th day of May, 1995, before me personally came Neal J. Rider, to me known, who being by me duly sworn
did depose and say that he resides at Salt Lake City, Utah; that he is Sr. V.P., Treasurer and of American stores Company, one of the corporations described in and which executed the above instrument; that he knows the corporate seal if said
corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by the authority of the Board of Directors of said corporation and that he signed his name thereto by like authority 

 

	
	

	        Notary Public
	
	My Commission Expires

  

	
	[NOTARIAL SEAL]
	
	

  
 - 91 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and the
appropriate corporate seals to be hereunto affixed and attested, all as of May 1, 1995. 
  

			
	AMERICAN STORES COMPANY
		
	By	 	  

		 	Title:

  

			
	[CORPORATE SEAL]
	
	Attest:
		
	By	 	  

		 	Title:

  

			
	 THE FIRST NATIONAL BANK OF CHICAGO,

Trustee

		
	By	 	 

		 	Title: Vice President
		 	

  

			
	 [CORPORATE SEAL]

	
	 Attest:

		
	 By
	 	 

		 	Title: Assistant Vice President
		 	

			
	STATE OF ILLINOIS	  	)
		  	)
	COUNTY OF COOK	  	)

 On the 15th day of May, 1995, before me personally came R. D. Manella, to me known, who being by me duly sworn
did depose and say that he resides at 211 Willow Parkway, Buffalo Grove, IL 60089; that he is a Vice President of The First National Bank of Chicago, one of the corporations described in and which executed the above instrument; that he knows the
corporate seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by the authority of the Board of Directors of said corporation; and that he signed his name thereto by like authority. 

 

	
	 

	NOTARY PUBLIC

  

	
	(NOTARIAL SEAL)

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