Document:

Exhibit

EMPLOYMENT AGREEMENT 
This Employment Agreement (this “Agreement”), is entered into as of September 14, 2015 (the “Effective Date”), by and between Fibrocell Science, Inc., a Delaware corporation (the “Company”), and John Maslowski (the “Executive”).   
Recitals
WHEREAS, the Executive commenced employment with the Company on March 14, 2005; and
WHEREAS, the Company desires to continue to employee the Executive and to promote the Executive to Senior Vice President, Scientific Affairs, and the Executive desires to accept such promotion and to continue to be employed by the Company, in accordance with the terms and conditions set forth in this Agreement.
Agreement
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Company and the Executive hereby agree as follows:
1.    Definitions.
1.1.        “Affiliate” means any person or entity controlling, controlled by or under common control with the Company.
1.2.        “Board” means the Board of Directors of the Company.
1.3.        “Cause” means (A) the Executive’s conviction of or plea of nolo contendere to a felony or a misdemeanor involving moral turpitude; (B) the Executive’s commission of fraud, misappropriation or embezzlement against any Person; (C) the theft or misappropriation by the Executive of any property or money of the Company or an Affiliate; (D) the Executive’s material breach of the terms of this Agreement; or (E) the willful or gross neglect of the Executive’s duties, the willful or gross misconduct in performance of the Executive’s duties or the willful violation by the Executive of any material Company policy.  Notwithstanding the foregoing, Cause shall not exist with respect to Section 1.3(D) or Section 1.3(E), until and unless the Executive fails to cure such breach, neglect or misconduct (if such breach, neglect or misconduct is capable of cure) within 10 days after written notice from the Board. 
1.4.         “Change of Control” means “Change of Control” as defined under the Company’s 2009 Equity Incentive Plan, as amended from time to time (or any successor plan) (the “Plan”); provided however, that a Change in Control will not be deemed to have occurred unless such event would also be a Change in Control under Section 409A of the Code or would otherwise be a permitted distribution event under Section 409A of the Code.
1.5.          “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

1.6.          “Disability” means the Executive’s termination of employment with the Company as a result of the Executive’s incapacity due to reasonably documented physical or mental illness that is reasonably expected to prevent the Executive from performing his duties for the Company on a full-time basis for more than six consecutive months.
1.7.          “Good Reason” means (i) a material breach of this Agreement by the Company, (ii) any change of the Executive’s principal office location to a location that requires a one-way commute of more than fifty (50) miles from 405 Eagleview Boulevard, Exton, PA, or (iii) the assignment to the Executive of any duties materially inconsistent with the duties or responsibilities of the Senior Vice President, Scientific Affairs, of the Company or any other action by the Company that results in a material diminution in such position, authority, duties, or responsibilities, excluding an isolated, insubstantial, and inadvertent action not taken in bad faith.  Notwithstanding the foregoing, Good Reason shall not be deemed to exist unless the Executive gives the Company written notice within ninety (90) days after the occurrence of the event which the Executive believes constitutes the basis for Good Reason, specifying the particular act or failure to act which the Executive believes constitutes the basis for Good Reason.  If the Company fails to cure such act or failure to act, if curable, within thirty (30) days after receipt of such notice, the Executive may terminate his employment for Good Reason.   
1.8.          “Person” means an individual, partnership, limited liability company, corporation, association, joint stock company, trust, joint venture, investment fund, government, governmental agency or body or any other group or entity, no matter how organized and whether or not for profit.
1.9.          “Term” means the period of time commencing on the Effective Date and continuing to the termination of this Agreement pursuant to Section 4 below.      
1.10.         “Termination Date” means the date the Executive’s employment with the Company is terminated for any reason.  

2.        Employment.  
2.1.         Subject to the terms and provisions set forth in this Agreement, during the Term the Executive shall be employed as the Senior Vice President, Scientific Affairs, of the Company and in such other positions with the Company and its Affiliates (for no additional compensation) as may be determined by the Board or its designee from time to time.  The Executive shall have the duties, responsibilities and authority associated with such position and such other duties and responsibilities as are reasonably assigned by the Company’s Chief Executive Officer and/or the Board or their respective designees from time to time.  
2.2.         During the Term, the Executive shall report to the Company’s Chief Executive Officer, and the Executive shall devote the Executive’s best efforts and the Executive’s full business time and attention to the business and affairs of the Company and its Affiliates.  The Executive shall not engage, directly or indirectly, in any other business, investment or activity that (a) interferes with the performance of the Executive’s duties under this Agreement, (b) is contrary to the interests of the Company or any of its Affiliates or (c) requires any portion of the Executive’s business time; provided, however, that, to the extent that the following does not impair the Executive’s ability to perform the Executive’s duties pursuant to this Agreement, the Executive may, with the Board’s prior written approval (which approval may be withheld in the sole discretion of the Board), serve on the board or committee of any business, non-profit, charitable or other organization. 

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3.        Compensation and Other Benefits.
3.1.        Base Salary.  During the Term, the Executive shall receive a base salary per annum payable in accordance with the Company’s normal payroll practices as in effect from time to time of $250,000 (as adjusted from time to time, “Base Salary”).  The Executive’s Base Salary shall be reviewed by the Board (or a committee thereof) on an annual basis and shall be subject to upward adjustment, as determined by the Board (or a committee thereof).    
3.2.        Annual Bonus.  During the Term, the Executive shall be eligible to earn an annual performance bonus, subject to the attainment of annual performance goals as determined by the Board (or a committee thereof) (the “Annual Bonus”).  The Executive’s target Annual Bonus will be 35% of Base Salary, subject to the attainment of annual performance goals as determined by the Board (or a committee thereof).  The actual Annual Bonus payable to the Executive for any given period may be higher or lower than his then target Annual Bonus. Any such Annual Bonus payable under this Section shall be paid by March 15th of the year following the year to which such bonus relates.  Unless otherwise determined by the Board (or a committee thereof), the Executive will not receive any bonus under this Section unless the Executive is still employed by the Company on the date such bonus is paid.  The Executive’s target Annual Bonus shall be reviewed by the Board (or a committee thereof) on an annual basis and may be subject to upward adjustment, as determined by the Board (or a committee thereof).
3.3.        Equity Grants.  During the Term, the Board of Directors (or a committee thereof) shall consider granting equity-based awards to the Executive at least once per calendar year. 

3.4.        Benefit Plans.  During the Term, the Executive shall be eligible to participate in and be covered on the same basis as other senior management of the Company, under all employee benefit plans and programs maintained by the Company, including without limitation vacation, retirement, health insurance and life insurance.  During the Term, the Executive will be eligible to receive four (4) weeks of vacation annually.  
3.5.         Expenses.  During the Term, the Company shall, subject to Section 9.6, pay or reimburse the Executive for reasonable and necessary expenses directly incurred by the Executive in the course of the Executive’s employment in accordance with the Company’s standard policies and practices as in effect from time to time.   
4.        Termination.  Upon the occurrence of the Termination Date, the Executive shall and shall be deemed to have immediately resigned from any and all officer, director and other positions he then holds with the Company and its Affiliates (and this Agreement shall act as notice of resignation by the Executive without any further action required by the Executive).  The Executive shall receive any Base Salary earned but unpaid through the Termination Date in accordance with the Company’s normal payroll practices and any benefits accrued and due under any applicable benefit plans and programs of the Company and its Affiliates. Except as specifically provided in this Section 4 and Section 5, all other rights the Executive may have to compensation and benefits from the Company or its Affiliates shall terminate immediately upon the Termination Date.
4.1.        Termination by the Company.  The Company may terminate the Executive’s employment (a) for Cause or due to the Executive’s death or Disability, upon written notice to the Executive or (b) for any other reason upon thirty (30) days’ advance written notice to the Executive, provided that the Company may pay the Executive thirty (30) days’ pay in lieu of such notice.

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4.2.        Termination at Executive’s Election.  The Executive may terminate his employment hereunder (a) at any time for Good Reason or (b) for any other reason, upon thirty (30) days’ advance written notice to the Company (“Voluntary Resignation”), provided that upon notice of Voluntary Resignation, the Company may terminate the Executive’s employment immediately and pay the Executive thirty (30) days’ pay in lieu of notice.    
5.             Severance.   

5.1.     If the Executive’s employment is terminated by the Company without Cause or if the Executive’s employment is terminated by the Executive for Good Reason, the Executive shall be entitled to receive a payment equal to: (a) nine (9) months of the Executive’s then Base Salary plus (b) nine (9) months of the premiums associated with continuation of benefits pursuant to COBRA for the Executive and his spouse and dependents to the extent that he is eligible for them following the termination of his employment; provided that if such termination occurs within sixty (60) day prior to a Change in Control or eighteen (18) months after a Change of Control, in lieu of any severance payments described above, the Executive shall be entitled to receive a payment equal to: (a) eighteen (18) months of the Executive’s Base Salary plus (b) eighteen (18) months of the premiums associated with continuation of benefits pursuant to COBRA for the Executive and his spouse and dependents to the extent that he is eligible for them following the termination of his employment plus (c) the Executive’s most recent Annual Bonus payment.  The applicable severance payment shall be made in a lump sum sixty (60) days following such termination, provided that the Executive has executed and delivered (and not revoked) a general release  substantially in the form attached as Exhibit A (the “Release”), which becomes effective within 60 days following the Termination Date.  
5.2.     If any payment or right accruing to the Executive under this Agreement, either alone or together with other payments or rights accruing to the Executive from the Company or any of its Affiliates (“Total Payments”) would constitute a “parachute payment” (as defined in Section 280G of the Code), such payment or right shall be reduced to the largest amount or greatest right that will result in no portion of the amount payable or right accruing under this Agreement being subject to an excise tax under Section 4999 of the Code or being disallowed as a deduction under Section 280G of the Code (the “Safe-Harbor Amount”). The determination whether any reduction in the rights or payments under this Agreement is to apply shall be made by the Company after consultation with the Executive, and such determination shall be conclusive and binding on the Executive. The Executive shall cooperate in good faith with the Company in making such determination and providing the necessary information for this purpose. The foregoing provisions of this Section 5.2 shall apply only if, the aggregate after-tax value of the Total Payments (after giving effect to the Excise Tax) accruing to the Executive would be less than the aggregate after-tax value of the Safe-Harbor Amount.   Any such reduction shall be made in the following order: (i) first, any future cash payments (if any) shall be reduced (if necessary, to zero); (ii) second, any current cash payments shall be reduced (if necessary, to zero); (iii) third, all non-cash payments (other than equity or equity derivative related payments) shall be reduced (if necessary, to zero); and (iv) fourth, all equity or equity derivative payments shall be reduced (with the latest occurring payment reduced first).
6.        Successors.  This Agreement is personal to the Executive and, without the prior express written consent of the Company, shall not be assignable by the Executive.  This Agreement shall inure to the benefit of and be enforceable by the Executive’s heirs, beneficiaries and/or legal representatives.  This Agreement shall inure to the benefit of and be binding upon the Company and its respective successors, purchasers and assigns. 

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7.        Restrictive Covenants.  As an inducement and as essential consideration for the Company entering into this Agreement with the Executive, the Executive hereby agrees to the restrictive covenants contained in this Section 7.  The Parties agree that such restrictive covenants are essential to preserve the Company’s business and that the Company would not have entered into the Agreement without the Executive’s consent to the restrictive covenants set forth in this Section 7.  

7.1.        Non-Competition.  During the period commencing on the Effective Date and ending on the first anniversary of the Termination Date (the “Restricted Period”), the Executive shall not, either directly or indirectly, as a proprietor, partner, stockholder (except as the holder of not more than 1% of the outstanding stock of a publicly held company), director, executive, employee, consultant, joint venturer, investor or in any other capacity, engage in, or own, manage, operate or control, or participate in the ownership, management, operation or control of, any entity within the United States that engages (a) in the development, manufacture, marketing, distribution or sale of, or research directed to the development, manufacture, marketing, distribution or sale of cellular biologic products or (b) in any other business activity carried on or planned to be carried on by the Company or any of its Affiliates during the Term.  Notwithstanding the forgoing, if the Company is merged with or into a third party which is engaged in multiple lines of business, or if a party to multiple lines of business succeeds to the Company’s assets or business then for purposes of this Section 7.1, the term “Company” shall mean and refer to the products and services being developed, manufactured, marketed, licensed, sold or provided by the Company immediately prior to such event and as it subsequently develops and not to the third party’s other products and services.  
7.2.        Non-Solicitation.  During the Restricted Period, the Executive shall not (except on the Company’s behalf), directly or indirectly, on his own behalf or on behalf of any other person, firm, partnership, corporation or other entity, request  any past, present or prospective customer of the Company or any of its Subsidiaries (each, a “Customer”) to curtail or cancel their business with the Company or any of its Affiliates.  After the Termination Date, a past or prospective Customer shall be limited to such Customer measured within the one (1) year period prior to the Termination Date.  During the Restricted Period, the Executive shall not (except on the Company’s behalf), directly or indirectly, on his own behalf or on behalf of any other person, firm, partnership, corporation or other entity, contact, solicit, employ, interfere with, attempt to entice away from the Company or any of its Subsidiaries, any individual who is employed by the Company or any of its Subsidiaries at the time of such solicitation, employment, interference, or enticement.  During the Restricted Period, the Executive shall not (except on the Company’s behalf), directly or indirectly, on his own behalf or on behalf of any other person, firm, partnership, corporation or other entity, request any Business Associate (as defined below) to curtail or cancel their business with the Company or any of its Affiliates.  “Business Associate” means any Person which has had at any time during the Term a business relationship with the Company or any Affiliate, including without limitation, a sales representative, supplier, lender, borrower, guarantor, landlord, tenant, lessor, lessee, but excluding employees and Customers.
7.3.        Confidentiality.  The Executive shall not, during his employment by the Company and at any time thereafter, without the prior express written consent of the Company, directly or indirectly divulge, disclose or make available or accessible any Confidential Information (as defined below) to any person, firm, partnership, corporation, trust or any other entity or third party (other than when required to do so in good faith to perform the Executive’s duties and responsibilities or when required to do so by a lawful order of a court of competent jurisdiction, any governmental authority or agency, or any recognized subpoena power).  In addition, the Executive shall not create any derivative work or other product based on or resulting from any Confidential Information (except in the good faith performance of his duties under this Agreement).  The Executive shall also proffer to the Board’s 

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designee, no later than the effective date of any termination of his employment with the Company for any reason, and without retaining any copies, notes or excerpts thereof, all memoranda, computer disks or other media, computer programs, diaries, notes, records, data, customer or client lists, marketing plans and strategies, and any other documents consisting of or containing Confidential Information that are in the Executive’s actual or constructive possession or which are subject to his control at such time.  For purposes of this Agreement, “Confidential Information” shall mean all information respecting the business and activities of the Company, or any Affiliate, including, without limitation, the terms and provisions of this Agreement, the clients, customers, suppliers, employees, consultants, computer or other files, projects, products, computer disks or other media, computer hardware or computer software programs, marketing plans, financial information, methodologies, know-how, processes, practices, approaches, projections, forecasts, formats, systems, data gathering methods and/or strategies of the Company or any Affiliate.  Notwithstanding the immediately preceding sentence, Confidential Information shall not include any information that is, or becomes, generally available to the public (unless such availability occurs as a result of the Executive’s breach of any portion of this Section 7.3).
7.4.        Ownership of Inventions.  Each Invention (as defined below) made, conceived or first actually reduced to practice by the Executive, whether alone or jointly with others, during the Term or otherwise during his employment by the Company and each Invention made, conceived or first actually reduced to practice by the Executive, which relates in any way to work performed for the Company or its Subsidiaries during the Term or otherwise during his employment by the Company, shall be promptly disclosed in writing to the Board.  Such report shall be sufficiently complete in technical detail and appropriately illustrated by sketch or diagram to convey to one skilled in the art of which the invention pertains, a clear understanding of the nature, purpose, operations, and, to the extent known, the physical, chemical, biological or other characteristics of the Invention.  As used in this Agreement, “Invention” means any invention, discovery, improvement or innovation with regard to any facet of the business of the Company or its Affiliates, whether or not patentable, made, conceived, or first actually reduced to practice by the Executive, alone or jointly with others, in the course of, in connection with, or as a result of service as an employee of the Company or any of its Subsidiaries, including any art, method, process, machine, manufacture, design or composition of matter, or any improvement thereof.  Each Invention shall be the sole and exclusive property of the Company.  The Executive agrees to execute an assignment to the Company or its nominee of the Executive’s entire right, title and interest in and to any Invention, without compensation beyond that provided in this Agreement.  The Executive further agrees, upon the request of the Company and at its expense, that the Executive will execute any other instrument and document necessary or desirable in applying for and obtaining patents in the United States and in any foreign country with respect to any Invention.  The Executive further agrees, whether or not the Executive is then an employee of the Company, to cooperate to the extent and in the manner reasonably requested by the Company in the prosecution or defense of any claim involving a patent covering any Invention or any litigation or other claim or proceeding involving any Invention covered by this Agreement, but all expenses thereof shall be paid by the Company and, in the event the Executive is not then an employee of the Company, reasonable compensation for his time in connection therewith.   
7.5.        Works for Hire.  The Executive also acknowledges and agrees that all works of authorship, in any format or medium, created wholly or in part by the Executive, whether alone or jointly with others, in the course of performing the Executive’s duties for the Company or any of its Affiliates, or while using the facilities or money of the Company or any of its Affiliates, whether or not during the Executive’s work hours, are works made for hire (“Works”), as defined under United States copyright law, and that the Works (and all copyrights arising in the Works) are owned exclusively by the Company. To the extent any such Works are not deemed to be works made for hire, the Executive agrees, 

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without compensation beyond that provided in this Agreement, to execute an assignment to the Company or its nominee of all right, title and interest in and to such Work, including all rights of copyright arising in or related to the Works.
7.6.        Injunctive Relief.  The Executive acknowledges and agrees that the Company will have no adequate remedy at law and would be irreparably harmed, if the Executive actually breaches or threatens to breach any of the provisions of this Section 7.  The Executive agrees that the Company shall be entitled to equitable and/or injunctive relief to prevent any actual breach or threatened breach of this Section 7, and to specific performance of each of the terms of such Section in addition to any other legal or equitable remedies that the Company may have.  The Executive further agrees that he shall not, in any equity proceeding relating to the enforcement of the terms of this Section 7, raise the defense that the Company has an adequate remedy at law.  
7.7.        Special Severability.  The terms and provisions of this Section 7 are intended to be separate and divisible provisions and if, for any reason, any one or more of them is held to be invalid or unenforceable, neither the validity nor the enforceability of any other provision of this Agreement shall thereby be affected.  It is the intention of the parties to this Agreement that the potential restrictions on the Executive’s future employment imposed by this Section 7 be reasonable in both duration and geographic scope and in all other respects.  If for any reason any court of competent jurisdiction shall find any provisions of this Section 7 unreasonable in duration or geographic scope or otherwise, the restrictions and prohibitions contained herein shall be effective to the fullest extent allowed under applicable law in such jurisdiction.
8.        Indemnification.  The Company will indemnify the Executive and hold the Executive harmless to the fullest extent permitted by law with respect to the Executive’s acts of service as an officer of the Company or any of its Affiliates to the extent such acts are covered under the Company’s “directors and officers” insurance policies. The Company further agrees that the Executive will be covered by the Company’s “directors and officers” insurance policies with respect to the Executive’s acts as an officer.
9.         Miscellaneous.
9.1.        Applicable Law.  This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, applied without reference to principles of conflict of laws.  Both the Executive and the Company agree to appear before and submit exclusively to the jurisdiction of the federal courts located within the Commonwealth of Pennsylvania.
9.2.        Amendments.  This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.
9.3.        Notices.  All notices and other communications hereunder shall be in writing and shall be given by hand-delivery to the other party by reputable overnight courier, by facsimile or registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

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To the Company:            Fibrocell Science, Inc.
405 Eagleview Boulevard
Exton, PA 19341
Attention: Human Resources
 

To the Executive:              at his residence address most recently filed                                 with the Company; 

or to such other address as any party shall have furnished to the other in writing in accordance herewith.  All such notices shall be deemed to have been duly given: (i) when delivered personally to the recipient, (ii) one (1) business day after being sent to the recipient by reputable overnight courier service (charges prepaid); (iii) upon transmission by facsimile if a customary confirmation of transmission is received during normal business hours and, if not, the next business day after transmission; or (iv) four (4) business days after being mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid.
9.4.        Withholding.  The Company may withhold from any amounts payable under this Agreement such federal, state or local income taxes it determines may be appropriate.
9.5.        Representation. The Executive represents and warrants to the Company that he is not subject to any employment agreement, non-competition provision, confidentiality agreement or any other agreement restricting his ability fully to act hereunder. The Executive hereby indemnifies and holds the Company harmless against any losses, claims, expenses (including attorneys’ fees), damages or liabilities incurred by the Company as a result of a breach of the foregoing representation and warranty.
9.6.         Section 409A Compliance.  The following rules shall apply, to the extent necessary, with respect to distribution of the payments and benefits, if any, to be provided to the Executive under this Agreement. Subject to the provisions in this Section, the severance payments pursuant to this Agreement shall begin only upon the date of the Executive’s “separation from service” (determined as set forth below) which occurs on or after the date of the Executive’s termination of employment.   
9.6.1.      This Agreement is intended to comply with Code Section 409A (to the extent applicable) and the parties hereto agree to interpret, apply and administer this Agreement in the least restrictive manner necessary to comply therewith and without resulting in any increase in the amounts owed hereunder by the Company.
9.6.2.         It is intended that each installment of the severance payments and benefits provided under this Agreement shall be treated as a separate “payment” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, and the guidance issued thereunder (“Section 409A”).  Neither the Executive nor the Company shall have the right to accelerate or defer the delivery of any such payments or benefits except to the extent specifically permitted or required by Section 409A.
9.6.3.      If, as of the date of the Executive’s “separation from service” from the Company, the Executive is not a “specified employee” (within the meaning of Section 409A), then each installment of the severance payments and benefits shall be made on the dates and terms set forth in this Agreement.

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9.6.4.      If, as of the date of the Executive’s “separation from service” from the Company, the Executive is a “specified employee” (within the meaning of Section 409A), then:
9.6.4.1.      Each installment of the severance payments and benefits due under this Agreement that, in accordance with the dates and terms set forth herein, will in all circumstances, regardless of when the separation from service occurs, be paid within the short-term deferral period (as defined in Section 409A) shall be treated as a short-term deferral within the meaning of Treasury Regulation Section 1.409A-1(b)(4) to the maximum extent permissible under Section 409A; and 
9.6.4.2.      Each installment of the severance payments and benefits due under this Agreement that is not described in Section 9.6.4.1 above and that would, absent this subsection, be paid within the six-month period following the Executive’s “separation from service” from the Company shall not be paid until the date that is six months and one day after such separation from service (or, if earlier, the Executive’s death), with any such installments that are required to be delayed being accumulated during the six-month period and paid in a lump sum on the date that is six months and one day following the Executive’s separation from service and any subsequent installments, if any, being paid in accordance with the dates and terms set forth herein; provided, however, that the preceding provisions of this sentence shall not apply to any installment of severance payments and benefits if and to the maximum extent that such installment is deemed to be paid under a separation pay plan that does not provide for a deferral of compensation by reason of the application of Treasury Regulation 1.409A-1(b)(9)(iii) (relating to separation pay upon an involuntary separation from service).  Any installments that qualify for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid no later than the last day of the second taxable year following the taxable year in which the separation from service occurs.
9.6.5.      The determination of whether and when the Executive’s separation from service from the Company has occurred shall be made in a manner consistent with, and based on the presumptions set forth in, Treasury Regulation Section 1.409A-1(h).  Solely for purposes of this Section, “Company” shall include all persons with whom the Company would be considered a single employer as determined under Treasury Regulation Section 1.409A-1(h)(3).
9.6.6.      All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A to the extent that such reimbursements or in-kind benefits are subject to Section 409A, including, where applicable, the requirements that (i) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred and (iv) the right to reimbursement is not subject to set off or liquidation or exchange for any other benefit.
9.6.7.      Notwithstanding anything herein to the contrary, the Company shall have no liability to the Executive or to any other person if the payments and benefits provided in this Agreement that are intended to be exempt from or compliant with Section 409A are not so exempt or compliant.  
9.7.        Waiver of Jury Trial. THE PARTIES HERETO HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR 

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INDIRECTLY, ANY MATTER (WHETHER IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT.
9.8.         Severability.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.
9.9.        Captions.  The captions of this Agreement are not part of the provisions hereof and shall have no force or effect.
9.10.        Counterparts.  This Agreement may be executed in one or more counterparts each of which shall be deemed an original instrument, but all of which together shall constitute but one and the same Agreement.
9.11.        Entire Agreement.  This Agreement, together with the Proprietary Information Agreement previously entered into between the Company and the Executive, contain the entire agreement between the parties, including their respective affiliates, concerning the subject matter hereof and supersedes all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the parties with respect thereto.
9.12.        Survivorship.  The respective rights and obligations of the parties hereunder shall survive any termination of this Agreement hereunder for any reason to the extent necessary to the intended provision of such rights and the intended performance of such obligations.
                 [Remainder of page intentionally omitted] 

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IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and the Company has caused this Agreement to be executed in its name on its behalf, all as of the day and year first above written.

FIBROCELL SCIENCE, INC.

    	
		
	By:
	/s/ David Pernock

	Name:
	David Pernock

	Its:
	Chairman/CEO

EXECUTIVE
    	
	
	/s/  John Maslowski

	John Maslowski

	Dated: September 14, 2015

 
                            
            

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EXHIBIT A
General Release

IN CONSIDERATION of the payments, benefits, terms and conditions contained in the Employment Agreement, dated as of September 14, 2015, (the “Employment Agreement”) by and between John Maslowski (the “Executive”) and Fibrocell Science, Inc. (the “Company”), and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Executive, on behalf of himself and his heirs, executors, administrators, and assigns, hereby releases and discharges the Company and its past present and future subsidiaries, divisions, affiliates and parents, and their respective current and former officers, directors, employees, agents, shareholders, employee benefit plans (and the administrator(s) and fiduciaries of such plans), attorneys, and/or owners, and their respective successors, and assigns, and any other person or entity claimed to be jointly or severally liable with the Company or any of the aforementioned persons or entities (the “Released Parties”) from any and all manner of actions and causes of action, suits, debts, dues, accounts, bonds, covenants, contracts, agreements, judgments, charges, claims, attorney’s fees, costs, expenses, and demands whatsoever (“Claims”) which the Executive and his heirs, executors, administrators, and assigns have, had, or may hereafter have against the Released Parties or any of them arising out of or by reason of any cause, matter, or thing whatsoever from the beginning of the world to the date hereof (the “General Release”).  The Claims covered by this General Release include, but are not limited to, all Claims relating to or arising out of the Executive’s employment by the Company and the cessation thereof.  The Claims covered by this General Release also include, but are not limited to any and all Claims arising under any employment-related federal, state, or local statute, rule, or regulation, any federal, state or local anti-discrimination law, or any principle of contract law or common law, including but not limited to, the Family and Medical Leave Act of 1993, as amended, 29 U.S.C. §§ 2601 et seq., Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. §§ 2000 et seq., the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. §§ 621 et seq. (the “ADEA”), the Older Workers Benefit Protection Act, the Americans with Disabilities Act of 1990, as amended, 42 U.S.C. §§ 12101 et seq., 42 U.S.C. § 1981, the Worker Adjustment and Retraining Notification Act of 1988, as amended, 29 U.S.C. §§2101 et seq., the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. §§ 1001 et seq., [INSERT OTHER APPLICABLE FEDERAL AND STATE LAWS], and any other equivalent or similar federal, state, or local statute; provided, however, that the Executive does not release or discharge the Released Parties from any of the Company’s obligations to him under or pursuant to (a) the Employment Agreement or (b) any tax qualified pension plan of the Company.  It is understood that nothing in this General Release is to be construed as an admission on behalf of the Released Parties of any wrongdoing with respect to the Executive, any such wrongdoing being expressly denied. 
The Executive represents and warrants that he fully understands the terms of this General Release, that he has been and hereby is encouraged to seek, and has sought, the benefit of advice of legal counsel, and that he knowingly and voluntarily, of his own free will, without any duress, being fully informed, and after due deliberation, accepts its terms and signs below as his own free act.  Except as otherwise provided herein, the Executive understands that as a result of executing this General Release, he will not have the right to assert that the Company or any other of the Released Parties unlawfully terminated his employment or violated any of his rights in connection with his employment or otherwise. 
The Executive further represents and warrants that he has not filed, and will not file or initiate, or cause to be filed or initiated on his behalf, any lawsuit against any of the Released Parties before any federal, state, or local agency, court, or other body asserting any Claims barred or released in this General Release, and will not voluntarily participate in such a proceeding.  If the Executive breaches this promise, 

16279457.4.BUSINESS 

and the action is found to be barred in whole or in part by this General Release, the Executive agrees to pay the attorneys’ fees and costs, or the proportions thereof, incurred by the applicable Released Party in defending against those Claims that are found to be barred by this General Release.  Notwithstanding the foregoing, nothing in this General Release shall preclude or prevent the Executive from filing a lawsuit which challenges the validity of this General Release solely with respect to the Executive’s waiver of any Claims arising under the ADEA. However, the Executive acknowledges that this General Release applies to all Claims he has under the ADEA and that, unless the release is held to be invalid, all of his claims under the ADEA shall be extinguished.  Nothing in this General Release shall preclude or prevent Executive from filing a charge with the United States Equal Employment Opportunity Commission or a similar state or local agency, but the Executive acknowledges and agrees that Executive shall not accept any relief obtained on his behalf in any proceeding by any government agency, private party, class, or otherwise with respect to any Claims covered by this General Release.
The Executive may take twenty-one (21) days [Note: this period will need to be expanded to 45 days in the event that Executive is terminated as part of a group termination program under the Older Workers Benefit Protection Act.  If the Executive is under 40 years of age, this period may be shortened and no revocation period need be given.] to consider whether to execute this General Release.  Upon the Executive’s execution of this General Release, the Executive will have seven (7) days after such execution during which he may revoke such execution. In order for a revocation of this General Release to be effective, written notice of such revocation must be received by the Company within the aforementioned seven (7) day period.  If seven (7) days pass without receipt of such notice of revocation, this General Release shall become binding and effective.

INTENDING TO BE LEGALLY BOUND, I hereby set my hand below:

______________________     
                                Signature
John Maslowski
                                
Dated:_________________Exhibit 4.2

 Exhibit 4.2 

AmTrust Financial Services, Inc. 

as Issuer 
 The Bank of
New York Mellon Trust Company, N.A. 
 as Trustee 

 
  

Sixth Supplemental Indenture 

Dated as of September 16, 2015 

to the Indenture dated as of 

December 21, 2011 
  

 
 7.50%
Subordinated Notes due 2055 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	 Page
	 
	ARTICLE 1	  
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  
	SECTION 1.01	 	 Scope of Supplemental Indenture
	  	 	1	  
	SECTION 1.02	 	 Definitions
	  	 	2	  
	
	ARTICLE 2	  
	THE SECURITIES	  
	SECTION 2.01	 	 Title and Terms; Payments
	  	 	6	  
	SECTION 2.02	 	 Forms
	  	 	7	  
	SECTION 2.03	 	 Transfer and Exchange; Restrictions on Transfer
	  	 	8	  
	SECTION 2.04	 	 Payments on the Securities
	  	 	11	  
	
	ARTICLE 3	  
	REDEMPTIONS; NO SINKING FUND	  
	SECTION 3.01	 	 Redemption
	  	 	12	  
	SECTION 3.02	 	 No Sinking Fund
	  	 	13	  
	
	ARTICLE 4	  
	PARTICULAR COVENANTS OF THE COMPANY	  
	SECTION 4.01	 	 Payment of Principal and Interest.
	  	 	13	  
	SECTION 4.02	 	 Maintenance of Office or Agency
	  	 	13	  
	SECTION 4.03	 	 Statements as to Defaults
	  	 	14	  
	
	ARTICLE 5	  
	REMEDIES	  
	SECTION 5.01	 	 General
	  	 	14	  
	SECTION 5.02	 	 Events of Default and Defaults
	  	 	14	  
	SECTION 5.03	 	 Acceleration; Rescission and Annulment
	  	 	15	  
	SECTION 5.04	 	 Waiver of Past Defaults
	  	 	16	  
	SECTION 5.05	 	 Control by Majority
	  	 	17	  
	SECTION 5.06	 	 Limitation on Suits
	  	 	17	  
	SECTION 5.07	 	 Rights of Holders to Receive Payment
	  	 	18	  

  
 i 

							
	SECTION 5.08	 	 Collection of Indebtedness; Suit for Enforcement by Trustee
	  	 	18	  
	SECTION 5.09	 	 Trustee May Enforce Claims Without Possession of Securities
	  	 	18	  
	SECTION 5.10	 	 Trustee May File Proofs of Claim
	  	 	18	  
	SECTION 5.11	 	 Restoration of Rights and Remedies
	  	 	19	  
	SECTION 5.12	 	 Rights and Remedies Cumulative
	  	 	19	  
	SECTION 5.13	 	 Delay or Omission Not a Waiver
	  	 	19	  
	SECTION 5.14	 	 Priorities
	  	 	19	  
	SECTION 5.15	 	 Undertaking for Costs
	  	 	20	  
	SECTION 5.16	 	 Waiver of Stay, Extension and Usury Laws
	  	 	20	  
	SECTION 5.17	 	 Notices from the Trustee
	  	 	20	  
	
	ARTICLE 6	  
	SATISFACTION AND DISCHARGE; DEFEASANCE	  
	SECTION 6.01	 	 Inapplicability of Provisions of Base Indenture; Satisfaction and Discharge of the Indenture; Defeasance
	  	 	21	  
	SECTION 6.02	 	 Satisfaction and Discharge
	  	 	21	  
	SECTION 6.03	 	 Defeasance
	  	 	21	  
	SECTION 6.04	 	 Deposited Monies to Be Held in Trust by Trustee
	  	 	22	  
	SECTION 6.05	 	 Paying Agent to Repay Monies Held; Repayment to Company
	  	 	22	  
	SECTION 6.06	 	 Return of Unclaimed Monies
	  	 	22	  
	SECTION 6.07	 	 Reinstatement
	  	 	23	  
	SECTION 6.08	 	 Indemnity for U.S. Government Obligations
	  	 	23	  
	
	ARTICLE 7	  
	SUPPLEMENTAL INDENTURES	  
	SECTION 7.01	 	 Supplemental Indentures Without Consent of Holders
	  	 	23	  
	SECTION 7.02	 	 Supplemental Indentures With Consent of Holders
	  	 	24	  
	SECTION 7.03	 	 Notice of Amendment or Supplement
	  	 	25	  
	
	ARTICLE 8	  
	SUCCESSOR COMPANY	  
	SECTION 8.01	 	 Consolidation, Merger and Sale of Assets
	  	 	25	  
	SECTION 8.02	 	 Company May Consolidate, Etc. on Certain Terms
	  	 	25	  
	SECTION 8.03	 	 Successor Corporation to Be Substituted
	  	 	26	  

  
 ii 

							
	SECTION 8.04	 	 Opinion of Counsel and Officer’s Certificate to Be Given to Trustee
	  	 	26	  
	
	ARTICLE 9	  
	TAX ADDITIONAL AMOUNTS	  
	SECTION 9.01	 	 Payment of Tax Additional Amounts
	  	 	27	  
	SECTION 9.02	 	 Exceptions to Payment of Tax Additional Amounts
	  	 	27	  
	SECTION 9.03	 	 Entitlement to Refund or Credit
	  	 	28	  
	SECTION 9.04	 	 References to be Consistent
	  	 	28	  
	
	ARTICLE 10	  
	SUBORDINATION	  
	SECTION 10.01	 	 Agreement to Subordinate
	  	 	28	  
	SECTION 10.02	 	 Distribution on Dissolution, Liquidation or Reorganization; Subrogation of Securities
	  	 	29	  
	SECTION 10.03	 	 No Payment on Securities in Event of Default on Senior Indebtedness
	  	 	30	  
	SECTION 10.04	 	 Payments on Securities Permitted
	  	 	31	  
	SECTION 10.05	 	 Authorization of Securityholders to Trustee to Effect Subordination
	  	 	31	  
	SECTION 10.06	 	 Notices to Trustee
	  	 	31	  
	SECTION 10.07	 	 Trustee as Holder of Senior Indebtedness
	  	 	32	  
	SECTION 10.08	 	 Modifications of Terms of Senior Indebtedness
	  	 	32	  
	SECTION 10.09	 	 Reliance on Judicial Order or Certificate of Liquidating Agent
	  	 	32	  
	SECTION 10.10	 	 Satisfaction and Discharge; Defeasance and Covenant Defeasance
	  	 	32	  
	SECTION 10.11	 	 Trustee not Fiduciary for Holders of Senior Indebtedness
	  	 	33	  
	
	ARTICLE 11	  
	MISCELLANEOUS	  
	SECTION 11.01	 	 Effect on Successors and Assigns
	  	 	33	  
	SECTION 11.02	 	 Governing Law; Waiver of Jury Trial
	  	 	33	  
	SECTION 11.03	 	 No Security Interest Created
	  	 	33	  
	SECTION 11.04	 	 Trust Indenture Act
	  	 	33	  
	SECTION 11.05	 	 Benefits of Supplemental Indenture
	  	 	33	  
	SECTION 11.06	 	 Calculations; Determinations
	  	 	34	  
	SECTION 11.07	 	 Execution in Counterparts
	  	 	34	  
	SECTION 11.08	 	 Notices
	  	 	34	  

  
 iii 

							
	SECTION 11.09	 	 Ratification of Base Indenture
	  	 	34	  
	SECTION 11.10	 	 The Trustee
	  	 	34	  
	SECTION 11.11	 	 No Recourse Against Others
	  	 	34	  
	SECTION 11.12	 	 FATCA
	  	 	35	  
	EXHIBITS	  
	Exhibit A	 	 Form of Security
	  	 	A-1	  

  
 iv 

 SIXTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
September 16, 2015, between AmTrust Financial Services, Inc., a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), as trustee under the Indenture, dated
as of December 21, 2011, between the Company and the Trustee (as amended or supplemented from time to time in accordance with the terms thereof, the “Base Indenture”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company executed and delivered the Base Indenture to the Trustee to provide, among other things, for the issuance, from time to
time, of the Company’s unsecured senior debt Securities, in an unlimited aggregate principal amount, in one or more series to be established by the Company under, and authenticated and delivered as provided in, the Base Indenture; 

WHEREAS, Section 12.01(m) of the Base Indenture provides for the Company and the Trustee to enter into supplemental indentures to the
Base Indenture to establish the form and terms of Securities of any series as contemplated by Section 3.01 of the Base Indenture; 

WHEREAS, the Board of Directors has duly adopted resolutions authorizing the Company to execute and deliver this Supplemental Indenture; 

WHEREAS, pursuant to the terms of the Base Indenture, the Company has authorized the creation and issuance under this Supplemental Indenture
of its 7.50% Subordinated Notes due 2055 (the “Securities”), the form and substance of such Securities and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Supplemental
Indenture; 
 WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture; and 

WHEREAS, all requirements necessary to make (i) this Supplemental Indenture a valid instrument in accordance with its terms, and
(ii) the Securities, when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company have been performed, and the execution and delivery of this Supplemental Indenture have been duly authorized
in all respects. 
 NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH, for and in consideration of the premises and the purchases of
the Securities by the Holders thereof, it is mutually agreed, for the benefit of the Company and the equal and proportionate benefit of all Holders, as follows: 

ARTICLE 1 
 DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION 
 SECTION 1.01 Scope of Supplemental Indenture. The changes, modifications and
supplements to the Base Indenture effected by this Supplemental Indenture 

  
 1 

 
shall be applicable only with respect to, and shall govern only the terms of (and only the rights of the Holders and the obligations of the Company with respect to), the Securities, which may be
issued from time to time, and shall not apply to any other securities that may be issued under the Base Indenture (or govern the rights of the Holders or the obligations of the Company with respect to any such other securities) unless a supplemental
indenture with respect to such other securities specifically incorporates such changes, modifications and supplements. The provisions of this Supplemental Indenture shall, with respect to the Securities, supersede any corresponding provisions in the
Base Indenture. Subject to the preceding sentence, and except as otherwise provided herein, the provisions of the Base Indenture shall apply to the Securities and govern the rights of the Holders of the Securities and the obligations of the Company
and the Trustee with respect thereto. 
 SECTION 1.02 Definitions. For all purposes of the Indenture, except as otherwise
expressly provided or unless the context otherwise requires: 
 (i) the terms defined in this Article 1 shall have the
meanings assigned to them in this Article 1 and include the plural as well as the singular; and 
 (ii) all words, terms
and phrases defined in the Base Indenture (but not otherwise defined herein) shall have the same meanings as in the Base Indenture. 

“Agent Members” has the meaning specified in Section 2.02(c) hereof. 

“Applicable Procedures” of a Depositary means, with respect to any matter at any time, the policies and procedures of
such Depositary, if any, that are applicable to such matter at such time. 
 “Base Indenture” has the meaning specified in
the first paragraph of this Supplemental Indenture, as such instrument may be supplemented from time to time by one or more indentures supplemental thereto, including this Supplemental Indenture, entered into pursuant to the applicable provisions of
the Base Indenture, including, for all purposes of the Base Indenture, this Supplemental Indenture and any such other supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern the Base Indenture,
this Supplemental Indenture and any other such supplemental indenture, respectively. 
 “Business Day” means,
notwithstanding anything to the contrary in Section 1.01 of the Base Indenture, any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or
to be closed. 
 “Close of Business” means, as of any date, 5:00 p.m., New York City time on such date. 

“Company” has the meaning specified in the first paragraph of this Supplemental Indenture, notwithstanding anything to the
contrary in Section 1.01 of the Base Indenture, and, subject to the provisions of Section 8.02 hereof, shall include its successors and assigns. 

  
 2 

 “Corporate Trust Office” means the principal office of the Trustee at
which at any particular time its corporate trust business shall be administered, which office at the date hereof is located at 525 William Penn Place, 38th floor, Pittsburgh, PA 15259, or such other address as the Trustee may designate from
time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company).

 “Custodian” means the Trustee, as custodian with respect to the Securities (so long as the Securities
constitute Global Securities), or any successor custodian. 
 “Default” has the meaning, notwithstanding
anything to the contrary in Section 1.01 of the Base Indenture, specified in Section 5.02 hereof. 

“Discharged” has the meaning set forth in Section 6.03 hereof. 

“Event of Default” has the meaning, notwithstanding anything to the contrary in Section 1.01 of the Base
Indenture, specified in Section 5.02 hereof. 
 “Form of Assignment and Transfer” means the “Form
of Assignment and Transfer” attached as Attachment 1 to the Form of Security attached hereto as Exhibit A. 

“GAAP” means generally accepted accounting principles in the United States of America. 

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

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

“Indenture” means, notwithstanding anything to the contrary in Section 1.01 of the Base Indenture, the Base
Indenture, as originally executed and as supplemented from time to time by one or more indentures supplemental thereto, including this Supplemental Indenture, entered into pursuant to the applicable provisions of the Indenture, including, for all
purposes of the Base Indenture, this Supplemental Indenture and any such other supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern the Base Indenture, this Supplemental Indenture and any other
such supplemental indenture, respectively. 
 “Interest Payment Date” means, with respect to the payment of
interest on the Securities and notwithstanding anything to the contrary in Section 1.01 of the Base Indenture, each March 15, June 15, September 15 and December 15 of each year, beginning on December 15,
2015. 
 “Issue Date” means, with respect to the Securities, September 16, 2015. 

  
 3 

 “Maturity Date” means, with respect to any Security and the payment of
the principal amount thereof, September 15, 2055. 
 “Non-U.S. Jurisdiction” means any jurisdiction
under which an entity may be organized that is not the United States of America, any state thereof, or the District of Columbia. 

“Outstanding” means, with respect to the Securities, notwithstanding anything to the contrary in Section 1.01 of
the Base Indenture, any Securities authenticated by the Trustee except (i) Securities cancelled by it, (ii) Securities delivered to it for cancellation and (iii)(A) Securities replaced pursuant to Section 3.07 of the Base Indenture,
on and after the time such Security is replaced (unless the Trustee and the Company receive proof satisfactory to them that such Security is held by a bona fide purchaser), (B) any and all Securities, as of the Maturity Date, if the Paying
Agent holds, in accordance with this Indenture, money sufficient to pay all of the Securities then payable, and (C) any and all Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such
other obligor, except that in determining whether the Trustee shall be protected in relying upon any request, demand, authorization, direction, notice, consent or waiver or other action that is to be made by a requisite principal amount of
Outstanding Securities, only such Securities which a Responsible Officer of the Trustee knows to be so owned shall be disregarded.  

“Physical Security” means any non-Global Security issued pursuant to Section 2.03 hereof that is in definitive,
fully registered form, without interest coupons. 
 “Preliminary Prospectus” means the basic prospectus,
dated September 9, 2015 together with the preliminary prospectus supplement, dated June 11, 2015, relating to the offer and sale of the Securities by the Company. 

“Prospectus” means the basic prospectus, dated June 11, 2015 together with the final prospectus supplement, dated
September 9, 2015, relating to the offer and sale of the Securities by the Company. 
 “Redemption Date”
has the meaning specified in Section 3.01 hereof. 
 “Redemption Price” has the meaning specified in
Section 3.01 hereof. 
 “Regular Record Date” means, with respect to any Interest Payment Date, the
March 1, June 1, September 1 or December 1 (in each case, whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. 

“Responsible Officer” of the Trustee hereunder means any vice president, any assistant vice president, any trust
officer, any assistant trust officer or any other officer associated with the corporate trust department 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 of the Trustee to whom such matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the
administration of this Indenture. 

  
 4 

 “Securities” has the meaning specified in the fourth paragraph of the
Recitals of this Supplemental Indenture, notwithstanding anything to the contrary in Section 1.01 of the Base Indenture. 

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

“Significant Subsidiary” means a Subsidiary, including its Subsidiaries, that meets any of the conditions set forth
Article 1, Rule 1-02 of Regulation S-X. 
 “Subsidiary”
means a corporation, company (including any limited liability company), association, partnership, joint venture, trust or other business entity in which the Company and/or one or more of the Company’s other Subsidiaries owns at least 50% of the
Voting Stock thereof. 
 “Successor Company” has the meaning specified in Section 8.02(a) hereof,
notwithstanding anything to the contrary in Section 1.01 of the Base Indenture. 
 “Supplemental
Indenture” has the meaning specified in the first paragraph hereof, as such instrument may be supplemented from time to time by one or more indentures supplemental hereto, entered into pursuant to the applicable provisions of the Base
Indenture and this Supplemental Indenture, including, for all purposes of this Supplemental Indenture and any such other supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern the Base Indenture,
this Supplemental Indenture and any other such supplemental indenture, respectively. 
 “Tax Additional
Amounts” has the meaning specified in Section 9.01 hereof. 
 “Taxing Jurisdiction” has the
meaning specified in Section 9.01 hereof. 
 “Term Sheet” means the final term sheet, dated
September 9, 2015, relating to the Preliminary Prospectus. 

  
 5 

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

“Trustee” means the Person named as the “Trustee” in the first paragraph of this Supplemental Indenture
until a successor Trustee shall have become such pursuant to the applicable provisions of the Base Indenture and this Supplemental Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder.

 “U.S.” means the United States of America. 

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

“Voting Stock” means stock of any class or classes or other ownership interest having general voting power under
ordinary circumstances to elect a majority of the board of directors, managers, trustees or persons with similar functions of the Person in question, provided that, for the purposes of this definition, stock that carries only the right to vote
conditionally on the happening of an event will not be considered Voting Stock whether or not that event has happened. 

“Withholding Tax” has the meaning specified in Section 9.01 hereof. 

ARTICLE 2 
 THE
SECURITIES 
 SECTION 2.01 Title and Terms; Payments. 

(a) Establishment; Designation. Pursuant to Section 3.01 of the Base Indenture, there is hereby established and authorized
a new series of Securities under the Indenture, which series of Securities shall be designated the “7.50% Subordinated Notes due 2055.” 

(b) Initial Issuance. Subject to Section 2.01(c) hereof, the aggregate principal amount of Securities that may initially be
authenticated and delivered under the Indenture is  

  
 6 

 
limited to $125,000,000 (or up to $143,750,000 if the over-allotment option described in the Prospectus is exercised). 

(c) Further Issues. The Company may, from time to time, without the consent of the Holders, issue, in an unlimited aggregate
principal amount, additional Securities under the Indenture having the same terms and conditions as the Securities initially issued under this Indenture in all respects (or in all respects except for the Issue Date, the offering price and, if
applicable, the first Interest Payment Date and the initial interest accrual date). Any such additional Securities will be consolidated and form a single series with the Securities initially issued under this Indenture; provided, however,
that a separate CUSIP, common code or ISIN, as applicable, will be issued for any additional Securities unless the additional Securities and the Securities initially offered under this Indenture are fungible for U.S. federal income tax
purposes. 
 (d) Purchases. The Company and its Subsidiaries may from time to time repurchase Securities in open market
purchases, in negotiated transactions or otherwise without giving prior notice to or obtaining any consent of the Holders. Any Securities purchased by the Company or any of its Subsidiaries pursuant to the foregoing sentence or otherwise will be
retired and will no longer be Outstanding under the Indenture. 
 (e) Denominations. Notwithstanding anything to the
contrary in Sections 3.01 and 3.02 of the Base Indenture, the Securities will be issued only in minimum denominations of $25 and integral multiples of $25 in excess thereof. In order to comply with the applicable procedures of the New York
Stock Exchange relating to subordinated debt issuances with minimum denominations of $25, the Company obtained an equity CUSIP for the Securities reflecting that the Securities (which are in minimum denominations of $25) may also be described as
5,000,000 units of $25 7.50% Subordinated Notes due 2055 for a total aggregate amount of $125,000,000 7.50% Subordinated Notes due 2055 (or up to 5,750,000 units of $25 7.50% Subordinated Notes due 2055 for a total aggregate amount of up to
$143,750,000 7.50% Subordinated Notes due 2055, if the over-allotment option described in the Prospectus is exercised). 

SECTION 2.02 Forms. 

(a) In General. Pursuant to Section 2.01 of the Base Indenture, the Securities will be substantially in the forms set forth
in Exhibit A hereto, and may include such insertions, omissions, substitutions and other variations as are required or permitted by the 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. 

 Notwithstanding Section 3.05 of the Base Indenture, each Security will bear a Trustee’s certificate of authentication
substantially in the form included in Exhibit A hereto. Each Security will also bear a Form of Assignment and Transfer. 
 Any
Security that is a Global Security will bear a legend substantially in the form of the legend set forth in Section 3.03(f) of the Base Indenture and shall also bear the “Schedule of Increases and Decreases of Global Security” set
forth in Annex A to Exhibit A hereto. 
 The terms and provisions contained in the Securities will constitute, and are
hereby expressly made, a part of this Indenture and upon receipt of the Securities, the Holders expressly agree to such terms and provisions hereof and of the Securities and to be bound thereby. However, to the extent that any provision of any
Security conflicts with the express provisions of the Indenture, the provisions of this Indenture will govern and control. 

  
 7 

 (b) Initial and Subsequent Form of Securities. The Company hereby initially
appoints The Depository Trust Company as the Depositary for the Securities, which initially shall be issued in the form of one or more Global Securities without interest coupons (i) registered in the name of Cede & Co., as nominee of
the Depositary, and (ii) delivered to the Trustee as custodian for the Depositary. 
 So long as the Securities are eligible for
book-entry settlement with the Depositary, unless otherwise required by law, and except to the extent provided in Section 2.03(b)(A) through (C) hereof, all Securities will be represented by one or more Global Securities. 

(c) Global Securities. Each Global Security will represent the aggregate principal amount of the then-Outstanding Securities
endorsed thereon and provide that it represents such aggregate principal amount of the then-Outstanding Securities, which aggregate principal amount may, from time to time, be reduced or increased to reflect transfers, exchanges or purchases by the
Company. 
 Only the Trustee, or the custodian holding such Global Security for the Depositary, at the direction of the Trustee, may
endorse a Global Security to reflect the amount of any increase or decrease in the aggregate principal amount of the then-Outstanding Securities represented thereby, and whenever the Holder of a Global Security delivers instructions to the Trustee
to increase or decrease the aggregate principal amount of the then-Outstanding Securities represented by a Global Security in accordance with the Indenture and the Applicable Procedures, the Trustee, or the custodian holding such Global Security for
the Depositary, at the direction of the Trustee, will endorse such Global Security to reflect such increase or decrease in the aggregate principal amount of the then-Outstanding Securities represented thereby. None of the Trustee, the Company or any
agent of the Trustee or the Company will have any responsibility or bear any liability for any aspect of the records relating to or payments made on account of the ownership of any beneficial interest in a Global Security or with respect to
maintaining, supervising or reviewing any records relating to such beneficial interest. 
 Members of, or participants in, the
Depositary (“Agent Members”) shall have no rights under the Indenture with respect to any Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or under the Global Security, and Cede &
Co., or such other person designated by the Depositary as its nominee, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the Global Security for all purposes whatsoever. Notwithstanding
the foregoing, nothing herein shall 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 the Depositary or impair, as between the
Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of any Holder. 

SECTION 2.03 Transfer and Exchange; Restrictions on Transfer. 

  
 8 

 (a) In General. A written form of transfer substantially in the form of the Form of
Assignment and Transfer set forth in Attachment 1 to Exhibit A hereto will be deemed to be written instrument of transfer satisfactory to the Company and the Registrar. 

At such time as all interests in a Global Security have been purchased, cancelled or exchanged for Securities in certificated form, such
Global Security shall, upon receipt thereof, be canceled by the Trustee in accordance with standing procedures and instructions existing between the Depositary and the custodian for the Global Security. At any time prior to such cancellation, if any
interest in a Global Security is purchased, cancelled or exchanged for Securities in certificated form, the principal amount of such Global Security shall, in accordance with the standing procedures and instructions existing between the Depositary
and the custodian for the Global Security, be appropriately reduced, and an endorsement shall be made on such Global Security, by the Trustee or the custodian for the Global Security, at the direction of the Trustee, to reflect such reduction. 

(b) Global Securities. Notwithstanding anything to the contrary in Section 3.06 of the Base Indenture, every transfer and exchange
of a beneficial interest in a Global Security will be effected through the Depositary in accordance with the Applicable Procedures and the provisions of the Indenture, and each Global Security may be transferred only as a whole and only (A) by
the Depositary to a nominee of the Depositary, (B) by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or (C) by the Depositary or any such nominee to a successor Depositary or a nominee of such
successor Depositary. 
 (c) Holders 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 interest (subject to Section 3.08
of the Base Indenture) on such Security at the Maturity Date and for all other purposes whatsoever for distribution of notices to such Holders or solicitations of their consent, 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. 
 Notwithstanding anything to the contrary
in Section 3.06 of the Base Indenture: 
 (1) Each Global Security will be exchanged for Physical Securities if the Depositary delivers
notice to the Company that the Depositary is unwilling, unable or no longer permitted under applicable law to continue to act as Depositary, and, in each case, the Company promptly delivers a copy of such notice to the Trustee and the Company fails
to appoint a successor Depositary within 90 days after receiving notice from the Depositary. 
 (2) If an Event of Default has occurred and
is continuing, any owner of a beneficial interest in a Global Security may exchange such beneficial interest for Physical Securities by delivering a written request to the Registrar. 

(3) If the Company notifies the Trustee that it wishes to terminate and exchange all or part of a Global Security for Physical Securities and
the beneficial owners of the 

  
 9 

 
majority of the principal amount of such Global Security (or portion thereof) to be exchanged consent to such exchange, the Company may exchange all beneficial interests in such Global Security
(or portion thereof) for Physical Securities by delivering a written request to the Registrar. 
 In the case of an exchange for Physical
Securities under clause (1) above: 
 (A) each Global Security will be deemed surrendered to the Trustee for cancellation; 

(B) the Trustee will cause each Global Security to be cancelled in accordance with the Applicable Procedures; and 

(C) the Company, in accordance with Section 3.03 of the Base Indenture, will promptly execute, and, upon receipt of a Company Order, the
Trustee, in accordance with Section 3.03 of the Base Indenture, will promptly authenticate and deliver, for each beneficial interest in each Global Security so exchanged, an aggregate principal amount of Physical Securities equal to the
aggregate principal amount of such beneficial interest, registered in such names and in such authorized denominations as the Depositary specifies, and bearing any legends that such Physical Securities are required to bear under this Indenture. 

In the case of an exchange for Physical Securities under clause (2) above: 

(A) the Registrar will deliver notice of such request to the Company and the Trustee, which notice will identify the owner of the beneficial
interest to be exchanged, the aggregate principal amount of such beneficial interest and the CUSIP of the relevant Global Security, in each case if and as such information is provided to the Registrar by the Depositary; 

(B) the Company, in accordance with Section 3.03 of the Base Indenture, will promptly execute, and, upon receipt of a Company Order, the
Trustee, in accordance with Section 3.03 of the Base Indenture, will promptly authenticate and deliver to such owner, for the beneficial interest so exchanged by such owner, Physical Securities registered in such owner’s name having an
aggregate principal amount equal to the aggregate principal amount of such beneficial interest and bearing any legends that such Physical Securities are required to bear under this Indenture; and 

(C) the Registrar, in accordance with the Applicable Procedures, will cause the principal amount of such Global Security to be decreased by
the aggregate principal amount of the beneficial interest so exchanged. If all of the beneficial interests in a Global Security are so exchanged, such Global Security will be deemed surrendered to the Trustee for cancellation, and the Trustee
will cause such Global Security to be cancelled in accordance with the Applicable Procedures. 
 In the case of an exchange for Physical
Securities under clause (3) above: 

  
 10 

 (A) the Company will deliver notice of such request to the Registrar and the Trustee, which
notice will identify each owner of a beneficial interest to be exchanged, the aggregate principal amount of each such beneficial interest and the CUSIP of the relevant Global Security; 

(B) the Company, in accordance with Section 3.03 of the Base Indenture, will promptly execute, and, upon receipt of a Company Order, the
Trustee, in accordance with Section 3.03 of the Base Indenture, will promptly authenticate and deliver to each such beneficial owner, Physical Securities registered in such beneficial owner’s name having an aggregate principal amount equal
to the aggregate principal amount of its exchanged beneficial interest and bearing any legends that such Physical Securities are required to bear under this Indenture and any applicable law; and 

(C) the Registrar, in accordance with the Applicable Procedures, will cause the principal amount of each relevant Global Security to be
decreased by the aggregate principal amount of the beneficial interests so exchanged. If all of the beneficial interests in a Global Security are so exchanged, such Global Security will be deemed surrendered to the Trustee for cancellation, and the
Trustee will cause such Global Security to be cancelled in accordance with the Applicable Procedures. 
 In each of the cases described in
clauses (1), (2) and (3) above, the Company may rely on the Depositary to provide all names of beneficial owners and their respective principal amounts beneficially owned and may issue Physical Securities registered in the names and
amounts so provided by the Depositary. 
 (d) Physical Securities. Except to the extent otherwise provided in
Section 2.03(a) hereof, Physical Securities may be transferred or exchanged in accordance with Section 3.06 of the Base Indenture. 

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

SECTION 2.04 Payments on the Securities. 

(a) In General. Each Security will accrue interest at a rate equal to 7.50% per annum from and including the most recent
date to which interest has been paid or duly provided for, or, if no interest has been paid or duly provided for, the Issue Date. Interest on a Security will cease to accrue upon the earlier of the Maturity Date and, subject to the provisions of
Article 3 hereof, any date of redemption of such Security. Interest on any Security will be payable quarterly in arrears on each Interest Payment Date, beginning December 15, 2015, to the Holder of such Security as of the Close of Business on
the Regular Record Date immediately preceding  

  
 11 

 
the applicable Interest Payment Date. As provided in Section 3.10 of the Base Indenture, interest will be computed on the basis of a 360-day year comprised of twelve 30-day months.

 The Securities will mature on the Maturity Date, and on the Maturity Date, each Holder of a then-Outstanding Security will be
entitled on such date to receive $25 in cash for each $25 in principal amount of then-Outstanding Securities held, together with accrued and unpaid interest to, but not including, the Maturity Date on such then-Outstanding Securities. 

Notwithstanding anything to the contrary, if the Maturity Date or earlier date of redemption or any Interest Payment Date falls on a day that
is not a Business Day, then the required payment will be made on the immediately following Business Day with the same force and effect as if made on such date, and no additional interest will accrue and no default shall occur on account of such
delay. 
 (b) Method of Payment. The Company shall pay the principal of any Physical Security to the Holder of such Security
in cash at the designated office of the Paying Agent in the Borough of Manhattan in The City of New York, New York, prior to 10:00 a.m. on the relevant payment or settlement date, as the case may be. The Company shall pay any interest on any
Physical Security to the Holder of such Security (i) if such Holder holds $2,000,000 or less aggregate principal amount of Securities, by check mailed to such Holder’s registered address, and (ii) if such Holder holds more than
$2,000,000 aggregate principal amount of Securities, (A) by check mailed to such Holder’s registered address or, (B) if such Holder delivers to the Registrar a written request that the Company make such payments by wire transfer to an
account of such Holder within the United States, for each interest payment corresponding to each Regular Record Date occurring during the period beginning on the date on which such Holder delivered such request and ending on the date, if any, on
which such Holder delivers to the Registrar a written instruction to the contrary, by wire transfer of immediately available funds to the account specified by such Holder. 

The Company will pay the principal of, and interest on, any Global Security to the Depositary by wire transfer of immediately available funds
on the relevant payment date in accordance with Applicable Procedures. 
 (c) Defaulted Payments. The Company shall pay any
interest on the Securities that is payable, but is not punctually paid or duly provided for, on the applicable Interest Payment Date, in accordance with Section 3.08 of the Base Indenture. 

ARTICLE 3 
 REDEMPTIONS;
NO SINKING FUND 
 SECTION 3.01 Redemption. The Company may, at its option and in accordance with the terms of
Article IV of the Base Indenture, on September 16, 2020 or on any Interest Payment Date thereafter, redeem all or any portion of the Securities, in increments of $25 aggregate principal amount of the Securities, at a redemption price (the
“Redemption Price”) equal to 100% of the principal amount of the Securities being redeemed plus accrued but unpaid interest to, but not including, the date of redemption (the “Redemption Date”). If the 

  
 12 

 
Company redeems only a portion of the Securities on any Redemption Date, the Company may subsequently redeem additional Securities on any Interest Payment Date prior to the Maturity Date. 

SECTION 3.02 No Sinking Fund. Article V of the Base Indenture shall not apply with respect to the Securities. 

ARTICLE 4 
 PARTICULAR
COVENANTS OF THE COMPANY 
 SECTION 4.01 Payment of Principal and Interest. This Section 4.01 shall replace
Section 6.01 of the Base Indenture in its entirety. 
 The Company covenants and agrees that it will cause to be paid the
principal of, and accrued and unpaid interest, if any, on each of the Securities at the places, at the respective times and in the manner provided herein and in the Securities. The Company shall, on or before each due date of the principal of, and
accrued and unpaid interest, if any, on the Securities, deposit with the Paying Agent a sum sufficient to pay such principal, or accrued and unpaid interest and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee
of any failure to take such action, provided that, if such deposit is made on the due date, such deposit must be received by the Paying Agent by 10:00 a.m., New York City time, on such date. 

SECTION 4.02 Maintenance of Office or Agency. This Section 4.02 replaces Section 6.02 of the Base Indenture in its
entirety. 
 The Company will maintain in the Borough of Manhattan, The City of New York, an office of the Paying Agent, and an office of
the Registrar where notices and demands to or upon the Company in respect of the Securities 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 or the office or agency of the Trustee in the Borough of Manhattan, The City of New York. 
 The Company may also from
time to time designate co-registrars and one or more other offices or agencies where the Securities may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided that
no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in the Borough of Manhattan, The City of New York, 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. The term “Paying Agent” includes any such additional or other offices or agencies, as applicable. 

The Company hereby initially designates the Trustee as the Paying Agent, Registrar, Custodian, Transfer Agent and the Corporate Trust Office,
which shall be in the 

  
 13 

 
continental United States, shall be considered as one such office or agency of the Company for each of the aforesaid purposes. 

With respect to any Global Security, the Corporate Trust Office of the Trustee or any Paying Agent shall be the Place of Payment where
such Global Security may be presented or surrendered for payment or for registration of transfer; provided, however, that any such payment, presentation, surrender or delivery effected pursuant to the Applicable Procedures of the
Depositary for such Global Security shall be deemed to have been effected at the Place of Payment for such Global Security in accordance with the provisions of this Indenture. 

SECTION 4.03 Statements as to Defaults. In addition, the Company shall deliver to the Trustee, as soon as possible, and in any
event within thirty (30) days after the Company becomes aware of the occurrence of any Default or Event of Default, an Officer’s Certificate setting forth the details of such Default or Event of Default, its status and the action that the
Company is taking or proposes to take with respect thereto. Such Officer’s Certificate shall also comply with any additional requirements set forth in Section 6.05 of the Base Indenture. 

ARTICLE 5 
 REMEDIES

 SECTION 5.01 General. The Event of Default provisions set forth in this Article 5 shall, with respect to the Securities,
supersede the entirety of Article VII of the Base Indenture, and all references in the Base Indenture to Article VII thereof and the provisions relating to Events of Default therein, as the case may be, shall, with respect to the Securities, be
deemed to be references to this Article 5 and the Events of Default provisions set forth in this Article 5, respectively. Accordingly, and without limitation: 

(a) the references to Section 7.01 in Section 10.02(a) of the Base Indenture are, with respect to the Securities, hereby deemed
replaced by references to Section 5.02 hereof; and 
 (b) the references to Section 7.06 in Sections 10.02(b)(iii) of the Base
Indenture are, with respect to the Securities, hereby deemed replaced by a reference to Section 5.06 hereof. 
 SECTION 5.02
Events of Default and Defaults. 
 (a) “Event of Default,” wherever used herein with respect to the
Securities, 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): 
 (1) the entry of a decree or order by a court having
jurisdiction in the premises for relief in respect of the Company or any Significant Subsidiary under Title 11 of the United States Code, as now constituted or as hereafter amended, or any other applicable Federal

  
 14 

 
or State bankruptcy law or other similar law, or appointing a receiver, trustee or other similar official (except for the appointment of a conservator) of the Company or any Significant
Subsidiary or of substantially all of its property, or ordering the winding-up or liquidation of its affairs under any such law and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or 

(2) the filing by the Company or any Significant Subsidiary of a petition or answer or consent seeking relief under Title 11 of the
United States Code, as now constituted or as hereinafter amended, or any other applicable Federal or State bankruptcy law or other similar law, or the consent by it to the institution of proceedings thereunder or to the filing of any such petition
or to the appointment or taking possession of a receiver, trustee, custodian or other similar official (except for the appointment of a conservator) of the Company or any Significant Subsidiary or of substantially all of its property under any such
law, or the Company or any Significant Subsidiary shall take any corporate action in furtherance of any such action. 
 (b)
“Default” with respect to the Securities, wherever used herein, means any one of the following events (whatever the reason for such 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): 

(1) default in any payment of interest on any Security when due and payable, and continuance of such default for a period of thirty
(30) calendar days; 
 (2) default in payment of principal or premium, if any, on the Securities when due, regardless of whether such
payment became due because of maturity, redemption, acceleration or otherwise; or 
 (3) default in the performance of any covenant or
warranty of the Company in respect of the Securities (other than a covenant or warranty a default in the performance of which is elsewhere in this Section specifically dealt with), and continuance of such default for a period of 90 days after there
has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series, a written notice specifying such
default and requiring it to be remedied. 
 Under no circumstances whatsoever and at no time (whether prior or subsequent to a Default or
Event of Default) shall the Trustee be responsible for monitoring or charged with determining any of the foregoing, all such being the sole responsibility of the Company. 

SECTION 5.03 Acceleration; Rescission and Annulment. 

(a) If one or more Events of Default, other than an Event of Default relating to bankruptcy, insolvency or reorganization, shall have occurred
and be continuing, either the Trustee or the holders of at least 25% in aggregate principal amount of the Securities then Outstanding, by notice in writing to the Company (and to the Trustee if given by the Holders),

  
 15 

 
may declare 100% of the principal of all the Securities to be due and payable immediately, and upon any such declaration the same shall become and shall automatically be immediately due and
payable, anything in this Indenture or in the Securities contained to the contrary notwithstanding. If an Event of Default relating to bankruptcy, insolvency or reorganization occurs, the principal of, and accrued and unpaid interest, if any, on all
the Securities will automatically, and without action by the Trustee or any Holder, become immediately due and payable. Upon such a declaration of acceleration, such principal and accrued and unpaid interest, if any, will be due and payable
immediately. 
 (b) The provisions of Section 5.03(a), however, are subject to the conditions that if, at any time after the principal
of, and accrued and unpaid interest, if any, on the Securities shall have been so declared due and payable, and before any judgment or decree for the payment of the monies due shall have been obtained or entered as hereinafter provided: 

(1) the Company shall pay or shall deposit with the Trustee a sum sufficient to pay installments of accrued and unpaid interest, if any, upon
all Securities and the principal of all Securities that shall have become due otherwise than by acceleration (with interest on overdue installments of accrued and unpaid interest, if any (to the extent that payment of such interest is enforceable
under applicable law), and on such principal, at the rate borne by the Securities at such time) and amounts due to the Trustee pursuant to Section 10.01(a) of the Base Indenture; 

(2) rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and 

(3) any and all Events of Defaults under this Indenture, other than the nonpayment of the principal of, and accrued and unpaid interest, if
any, on, the Securities (including on overdue installments) that shall have become due solely by such acceleration, shall have been cured or waived pursuant to Section 5.05 hereof, 

then, the Holders of a majority in aggregate principal amount of the Securities then Outstanding, by written notice to the Company and to the Trustee,
may waive all Defaults or Events of Default with respect to the Securities (other than the breach of any provision of this Indenture that cannot be modified or amended without the consent of each affected Holder) and rescind and annul such
declaration of acceleration resulting from such Defaults or Event of Defaults (other than a Default or an Event of Default resulting from the breach of any provision of this Indenture that cannot be modified or amended without the consent of each
affected Holder) and their consequences and such Default (other than a Default relating to the breach of any provision of this Indenture that cannot be modified or amended without the consent of each affected Holder) shall cease to exist, and any
Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; provided, that no such waiver or rescission and annulment shall extend to or shall affect any subsequent Default or Event of Default,
or shall impair any right consequent thereon. 
 SECTION 5.04 Waiver of Past Defaults. If an Event of Default or a
Default, other than (a) an uncured Event of Default described in Section 5.02(a) hereof or (b) a Default in respect of a provision that under Section 7.02 hereof cannot be amended 

  
 16 

 
without the consent of each affected Holder, occurs, the Holders of a majority in aggregate principal amount of the then-Outstanding Securities may waive such Event of Default or Default and all
of its consequences hereunder. Any such consent or waiver may, but is not required to, be obtained in connection with a repurchase of, or tender or exchange offer for, Securities, or similar transaction. Whenever any Event of Default is so waived,
it will cease to exist, and whenever any Default is so waived, it will be deemed cured, and any Event of Default arising therefrom will be deemed not to have occurred. However, no such waiver will extend to any subsequent or other Default or Event
of Default or impair any consequent right. 
 SECTION 5.05 Control by Majority. At any time, the Holders of a majority of the
aggregate principal amount of the then-Outstanding Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or for exercising any trust or power conferred on the Trustee. However, the
Trustee may refuse to follow any direction that conflicts with law or this Indenture or, subject to the Trustee’s duties under Articles 6 and 10 of the Base Indenture and the Trust Indenture Act, that the Trustee determines to be unduly
prejudicial to the rights of a Holder or to the Trustee, or that would potentially involve the Trustee in personal liability unless the Trustee is offered indemnity or security reasonably satisfactory to it against any loss, liability or expense to
the Trustee that may result from the Trustee’s instituting such proceeding as the Trustee. Prior to taking any action hereunder, the Trustee will be entitled to indemnification reasonably satisfactory to it against all losses and expenses
caused by taking or not taking such action. 
 SECTION 5.06 Limitation on Suits. Subject to Section 5.08 hereof, no Holder
may pursue a remedy with respect to this Indenture or the Securities unless: 
 (a) such Holder has previously delivered to
the Trustee written notice that an Event of Default has occurred and is continuing; 
 (b) the Holders of at least 25% of the
aggregate principal amount of the then-Outstanding Securities deliver to the Trustee a written request that the Trustee pursue a remedy with respect to such Event of Default; 

(c) such Holder or Holders have offered and, if requested, provided to the Trustee indemnity reasonably satisfactory to the
Trustee against any loss, liability or other expense of compliance with such written request; 
 (d) the Trustee has not
complied with such written request within sixty (60) days after receipt of such written request and offer of indemnity; and 

(e) during such 60-day period, the Holders of a majority of the aggregate principal amount of the then-Outstanding Securities
did not deliver to the Trustee a direction inconsistent with such written request. 
 A Holder may not use this Indenture to prejudice the
rights of any other Holder or to obtain a preference or priority over any other Holder, it being understood that the Trustee does not have any affirmative duty to ascertain whether any usage of this Indenture by a Holder is unduly prejudicial to
such other Holders. 

  
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 SECTION 5.07 Rights of Holders to Receive Payment. Notwithstanding anything to the
contrary elsewhere in this Indenture, the right of any Holder to receive payment of the principal of, and interest on, its Securities, on or after the respective due date, or to bring suit for the enforcement of any such payment, will not be
impaired or affected without the consent of such Holder and will not be subject to the requirements of Section 5.06 hereof. 

SECTION 5.08 Collection of Indebtedness; Suit for Enforcement by Trustee. If a Default specified in Sections 5.02(b)(1) or
5.02(b)(2) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount then due and payable on such Security for principal, premium, if
any, and interest, and such further amount as is sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, as well as any other
amounts that may be due under Section 10.01 of the Base Indenture. 
 If the Company fails to pay such amounts forthwith upon such
demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same
against the Company or any other obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated.

 SECTION 5.09 Trustee May Enforce Claims Without Possession of Securities. All rights of action and claims under this
Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be
brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the
ratable benefit of the Holders in respect of which such judgment has been recovered. 
 SECTION 5.10 Trustee May File Proofs of
Claim. The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable to have the claims of the Trustee and the Holders allowed in any judicial proceedings relative to the Company, its
creditors or its property and, unless prohibited by law or applicable regulations, will be entitled to collect, receive and distribute any money or other property payable or deliverable on any such claims, and any custodian 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 consents to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 10.01 of the Base Indenture. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 10.01 of the Base Indenture out of the estate in any such proceeding, will be denied for any reason, payment of the same will
be secured by a lien on, and is paid out of, any and all distributions, dividends, money, securities and other properties that the 

  
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Holders may be entitled to receive in such proceeding, whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained will be deemed to authorize
the Trustee to authorize or consent to, or to accept or to adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder, or to authorize the Trustee to vote in
respect of the claim of any Holder in any such proceeding. 
 SECTION 5.11 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 5.12 Rights and Remedies Cumulative. Except
as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 3.07 of the Base Indenture, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is
intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity
or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

SECTION 5.13 Delay or Omission Not a Waiver. No delay or omission of the Trustee or of any Holder 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 5 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 (subject to the limitations contained in this Indenture) or by the Holders, as the case may be. 

SECTION 5.14 Priorities. If the Trustee collects any money pursuant to this Article 5, it will pay out the money in the following
order: 
 FIRST: to the Trustee, its agents and attorneys for amounts due under Section 10.01(a) of the Base Indenture, including
payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

SECOND: to the Holders, for any amounts due and unpaid on the principal of, or accrued and unpaid interest on, any Security, without preference
or priority of any kind, according to such amounts due and payable on all of the Securities; and 

  
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 THIRD: the balance, if any, to the Company or to such other party as a court of competent
jurisdiction directs. 
 The Trustee may fix a record date and payment date for any payment to the Holders pursuant to this
Section 5.14. If the Trustee so fixes a record date and a payment date, at least fifteen (15) days prior to such record date, the Company will deliver to each Holder and the Trustee a written notice, which notice will state such record
date, such payment date and the amount of such payment. 
 SECTION 5.15 Undertaking for Costs. All parties to this Indenture
agree, and each Holder, by such Holder’s acceptance of a Security, shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against
the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided, however, that the provisions of this Section 5.15 shall not apply to
any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in aggregate principal amount of the Securities then Outstanding, or to any suit instituted by any Holder for the
enforcement of the payment of the principal of, or accrued and unpaid interest, if any, on any Security on or after the due date expressed or provided for in this Indenture. 

SECTION 5.16 Waiver of Stay, Extension and Usury Laws. The Company covenants that, to the extent that it may lawfully do so, it
will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that 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, by resort to any such law, hinder, delay or impede the
execution of any power herein granted to the Trustee, but will instead suffer and permit the execution of every such power as though no such law has been enacted. 

SECTION 5.17 Notices from the Trustee. Notwithstanding anything to the contrary in the Base Indenture, including
Section 10.03 thereof, whenever a Default occurs and is continuing and is known to the Trustee, the Trustee must deliver notice by mail (or otherwise transmitted in accordance with DTC procedures) of such Default to the Holders within ninety
(90) days after the date on which such Default first occurred. Except in the case of a Default in the payment of the principal of, or interest on any Security, the Trustee shall be protected in withholding such notice if and so long as the
board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders. 

  
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 ARTICLE 6 

SATISFACTION AND DISCHARGE; DEFEASANCE 

SECTION 6.01 Inapplicability of Provisions of Base Indenture; Satisfaction and Discharge of the Indenture; Defeasance. The
satisfaction and discharge and defeasance provisions set forth in this Article 6 shall, with respect to the Securities, supersede the entirety of Article XI of the Base Indenture, and all references in the Base Indenture to Article XI thereof and
the provisions relating to satisfaction and discharge or defeasance therein, as the case may be, shall, with respect to the Securities, be deemed to be references to this Article 6 and the satisfaction and discharge or defeasance provisions set
forth in this Article 6, respectively. 
 SECTION 6.02 Satisfaction and Discharge. When (a) the Company shall deliver to
the Registrar for cancellation all Securities theretofore authenticated (other than any Securities that have been destroyed, lost or stolen and in lieu of or in substitution for which other Securities shall have been authenticated and delivered) and
not theretofore canceled, or (b) all the Securities not theretofore canceled or delivered to the Trustee for cancellation shall have become due and payable (whether on the Maturity Date, or otherwise) and the Company shall deposit with the
Trustee, in trust, or deliver to the Holders, as applicable, an amount of cash sufficient to pay all amounts due on all of such Securities (other than any Securities that shall have been mutilated, destroyed, lost or stolen and in lieu of or in
substitution for which other Securities shall have been authenticated and delivered) not theretofore canceled or delivered to the Trustee for cancellation, including principal and interest due, and if the Company shall also pay or cause to be paid
all other sums payable hereunder by the Company, then this Indenture shall cease to be of further effect (except as to (i) rights hereunder of Holders to receive all amounts owing upon the Securities and the other rights, duties and obligations
of Holders, as beneficiaries hereof with respect to the amounts, if any, so deposited with the Trustee and (ii) the rights, obligations and immunities of the Trustee hereunder), and the Trustee, on written demand of the Company accompanied by
an Officer’s Certificate and an Opinion of Counsel and at the cost and expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture; the Company, however, hereby agrees to reimburse the
Trustee for any costs or expenses thereafter reasonably and properly incurred by the Trustee, including the fees and expenses of its counsel, and to compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee
in connection with this Indenture or the Securities. 
 SECTION 6.03 Defeasance. At the Company’s option, either
(a) it shall be deemed to have been Discharged (as defined below) from its obligations with respect to the Securities or (b) it shall cease to be under any obligation to comply with any term, provision or condition set forth in
Section 4.03 or Section 8.01 hereof at any time after the satisfaction of the following conditions: 
 (a) The Company shall have
deposited irrevocably with the Trustee (i) money in an amount, or (ii) U.S. Government Obligations that through the payment of interest and principal in respect thereof in accordance with their terms will provide, not later than one
(1) day before the due date of any payment, money in an amount, or (iii) a combination of (i) and (ii), sufficient (in the opinion of a nationally recognized registered public accounting firm) to pay and

  
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discharge each installment of principal and premium, if any, and interest on, the Outstanding Securities on the dates such installments of interest or principal and premium are due; 

(b) no Default shall have occurred and be continuing on the date of such deposit (other than a Default resulting from the borrowing of funds
and the grant of any related liens to be applied to such deposit); and 
 (c) the Company shall have delivered to the Trustee an Opinion of
Counsel to the effect that Holders will not recognize income, gain or loss for U.S. federal income tax purposes as a result of the Company’s exercise of its option pursuant to this Section 6.03 and will be subject to federal income tax on
the same amounts and in the same manner and at the same times as would have been the case if such option had not been exercised and, in the case of the Securities being Discharged, accompanied by a ruling to that effect received from or published by
the Internal Revenue Service. 
 “Discharged” means that the Company shall be deemed to have paid and discharged the
Securities and to have satisfied all the obligations under the Indenture, except (A) the rights of Holders to receive, from the trust fund, payment of the principal of and premium, if any, and interest on such Securities when such payments are
due, (B) the Company’s obligations with respect to transfer and exchange of the Securities set forth in Section 2.03 hereof and Sections 3.05, 3.06, 3.07, 6.02 and 11.06 of the Base Indenture and (C) the rights, powers, trusts,
duties and immunities of the Trustee under the Indenture. 
 SECTION 6.04 Deposited Monies to Be Held in Trust by Trustee.
Subject to Section 6.05 hereof, all monies deposited with the Trustee pursuant to Section 6.02 or Section 6.03 hereof shall be held in trust for the sole benefit of the Holders, and such monies shall be applied by the Trustee to the
payment, either directly or through any Paying Agent (including the Company if acting as its own Paying Agent), to the Holders of the particular Securities for the payment, settlement or redemption of which such monies have been deposited with the
Trustee, of all sums or amounts due and to become due thereon for principal and interest, if any. 
 SECTION 6.05 Paying Agent to
Repay Monies Held; Repayment to Company. Upon the satisfaction and discharge of this Indenture, all monies then held by any Paying Agent (if other than the Trustee) shall, upon written request of the Company, be repaid to it or paid to the
Trustee, and thereupon such Paying Agent shall be released from all further liability with respect to such monies. The Trustee and any Paying Agent shall promptly pay to the Company (or to its designee) upon Company Order any excess moneys or U.S.
Government Obligations held by them at any time. The provisions of Section 6.06 hereof shall apply to any money held by the Trustee or any Paying Agent under this Article 6 that remains unclaimed for two years after the Maturity of any series
of Securities for which money or U.S. Government Obligations have been deposited pursuant to Section 6.03 hereof. 
 SECTION 6.06
Return of Unclaimed Monies. Subject to the requirements of applicable law, any monies deposited with or paid to the Trustee for payment of the principal of or interest, if any, on the Securities and not applied but remaining unclaimed by the
Holders of the Securities for two years after the date upon which the principal of or interest, if any, on such 

  
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Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee on demand, and all liability of the Trustee shall thereupon cease with respect to
such monies; and the Holder shall thereafter look only to the Company for any payment or delivery that such Holder may be entitled to collect unless an applicable abandoned property law designates another person. 

SECTION 6.07 Reinstatement. If the Trustee or the Paying Agent is unable to apply any money in accordance with Section 6.04
hereof by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under the Indenture and the Securities shall be revived and reinstated
as though no deposit had occurred pursuant to Section 6.02 or Section 6.03 hereof until such time as the Trustee or the Paying Agent is permitted to apply all such money in accordance with Section 6.04 hereof; provided,
however, that if the Company makes any payment of interest on, principal of or payment or delivery in respect of any Security following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such
Securities to receive such payment from the money held by the Trustee or Paying Agent. 
 SECTION 6.08 Indemnity for U.S. Government
Obligations. The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the deposited U.S. Government Obligations or the principal or interest received on such U.S. Government
Obligations. 
 ARTICLE 7 

SUPPLEMENTAL INDENTURES 

SECTION 7.01 Supplemental Indentures Without Consent of Holders. Section 12.01 of the Base Indenture shall not apply with
respect to the Securities, and this Section 7.01 shall replace Section 12.01 of the Base Indenture in its entirety. 
 Without the
consent of any Holder, 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: 
 (a) cure any ambiguity, omission, defect or inconsistency in this Indenture or the Securities, including to eliminate any
conflict with the Trust Indenture Act; 
 (b) conform the terms of this Indenture or the Securities to the description thereof in the
Preliminary Prospectus, as supplemented by the Term Sheet related to the offering of the Securities; 
 (c) to evidence the succession by a
Successor Company and to provide for the assumption by a Successor Company of the Company’s obligations under the Indenture; 
 (d) to
add guarantees with respect to the Securities; 
 (e) to secure the Securities; 

  
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 (f) to add to the Company’s covenants such further covenants, restrictions or conditions for
the benefit of the Holders (or any other holders) or surrender any right or power conferred upon the Company by the Indenture; 
 (g) to make
any other change that does not adversely affect the rights of any Holder (other than a Holder that consents to such change) in any material respect; 

(h) to provide for a successor Trustee; 

(i) to comply with the Applicable Procedures of the Depositary; or 

(j) to comply with any rules or requirements in connection with the qualification of the Indenture under the Trust Indenture Act. 

SECTION 7.02 Supplemental Indentures With Consent of Holders. Section 12.02 of the Base Indenture shall not apply with
respect to the Securities, and this Section 7.02 shall replace Section 12.02 of the Base Indenture in its entirety. 
 With
the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities affected by such supplemental indenture (with such consents to be determined on a series by series basis), including without limitation,
consents obtained in connection with a repurchase of, or tender or exchange offer for, Securities and by act of these 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 under this
Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby: 

(a) reduce the percentage in aggregate principal amount of Securities Outstanding necessary to waive any past Default or Event of Default; 

(b) reduce the rate of interest on any Security or change the time for payment of interest on any Security; 

(c) reduce the principal of any Security or change the Maturity Date; 

(d) change the place or currency of payment on any Security; 

(e) impair the right of any Holder of Securities to receive payment of principal of, and interest on, if any, its Securities or to institute
suit for the enforcement of any such payment, with respect to such Holder’s Securities; or 
 (f) make any change to the provisions of
this Article 7 or in the waiver provisions of the Indenture that requires each Holder’s consent to modify, amend or waive. 

  
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 It shall not be necessary for any act or consent of Holders under this Section 7.02
to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such act or consent shall approve the substance thereof. The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Persons entitled to consent to any indenture supplemental hereto. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to consent to such supplemental
indenture, whether or not such Holders remain Holders after such record date; provided that, unless such consent shall have become effective by virtue of the requisite percentage having been obtained prior to the date that is ninety
(90) days after such record date, any such consent previously given shall automatically and without further action by any Holder be cancelled and of no further effect. 

SECTION 7.03 Notice of Amendment or Supplement. After an amendment or supplement under this Article 7 becomes effective, the
Company shall mail to the Holders a notice briefly describing such amendment or supplement. However, the failure to give such notice to all the Holders, or any defect in the notice, shall not impair or affect the validity of the amendment or
supplement. 
 ARTICLE 8 

SUCCESSOR COMPANY 

SECTION 8.01 Consolidation, Merger and Sale of Assets. The successor company provisions set forth in this Article 8 shall, with
respect to the Securities, supersede the entirety of Section 6.04 of the Base Indenture, and all references in the Base Indenture to Section 6.04 thereof and the successor company provisions therein shall, with respect to the Securities,
be deemed to be references to this Article 8 and the successor company provisions set forth in this Article 8, respectively. 

SECTION 8.02 Company May Consolidate, Etc. on Certain Terms. Subject to the provisions of Section 8.04 hereof, the Company
shall not amalgamate or consolidate with, merge with or into, or convey, transfer or lease its properties and assets substantially as an entirety to another Person, unless: 

(a) the resulting, surviving or transferee Person (the “Successor Company”), if not the Company, shall expressly
assume, by supplemental indenture, executed and delivered to the Trustee, in form satisfactory to the Trustee, all of the obligations of the Company under the Securities and this Indenture as applicable to the Securities; and 

(b) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing under this
Indenture with respect to the Securities; and 
 Upon any such amalgamation, consolidation, merger, conveyance, transfer or lease, the
Successor Company (if not the Company) shall succeed to, and may exercise every right and power of, the Company under this Indenture. 

  
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 At the election of the Company, a conveyance, transfer or lease of properties and assets
substantially as an entirety to one or more Subsidiaries of the Company may be deemed not to be a conveyance, transfer or lease to a Person other than the Company, and in the event of such election, such conveyance, transfer or lease shall not be
subject to this Section 8.02. Notice of any such election shall be sent to the Trustee promptly following the consummation of any such conveyance, transfer or lease of properties and assets to one or more Subsidiaries, specifying that such
transaction does not constitute a conveyance, transfer or lease to a Person other than the Company in accordance with this Section 8.02. 

SECTION 8.03 Successor Corporation to Be Substituted. In case of any such amalgamation, consolidation, merger, conveyance,
transfer or lease and upon the assumption by the Successor Company, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the principal of and premium, if any,
and accrued and unpaid interest, if any, on all of the Securities, and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Company under this Indenture, such Successor Company 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 it had been named herein as the party of the first part. Such Successor Company thereupon may cause to be
signed, and may issue either in its own name or in the name of the Company any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such
Successor Company instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver, or cause to be authenticated and delivered, any Securities that
previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities that such Successor Company thereafter shall cause to be signed and delivered to the Trustee for that purpose. All
the Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been
issued at the date of the execution hereof. In the event of any such amalgamation, consolidation, merger, conveyance or transfer (but not in the case of a lease), the Person named as the “Company” in the first paragraph of this Indenture
or any successor that shall thereafter have become such in the manner prescribed in this Article 8 may be dissolved, wound up and liquidated at any time thereafter and, except in the case of a lease, such Person shall be released from its
liabilities as obligor and maker of the Securities and from its obligations under this Indenture. 
 In case of any such amalgamation,
consolidation, merger, conveyance, transfer or lease, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 

SECTION 8.04 Opinion of Counsel and Officer’s Certificate to Be Given to Trustee. In the case of any such amalgamation,
merger, consolidation, conveyance, transfer or lease the Trustee shall receive an Officer’s Certificate and an Opinion of Counsel stating that any such amalgamation, consolidation, merger, conveyance, transfer or lease and any such assumption
and, if a supplemental indenture is required in connection with such transaction such supplemental indenture, complies with the provisions of this Article 8. 

  
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 ARTICLE 9 

TAX ADDITIONAL AMOUNTS 

SECTION 9.01 Payment of Tax Additional Amounts. The Company shall pay any amounts due with respect to the Securities
without deduction or withholding for any and all present and future withholding taxes, levies, imposts and charges (each, a “Withholding Tax”) imposed by or for the account of any Non-U.S. Jurisdiction in which the Company is
resident for tax purposes or any political subdivision or taxing authority of such jurisdiction (the “Taxing Jurisdiction”) as a result of any consolidation, merger, amalgamation, or other transaction permitted by Section 8.01
hereof and conducted in accordance with Article 8 hereof, unless such withholding or deduction is required by law. If such deduction or withholding is at any time required, the Company will (subject to compliance by such Holder with any relevant
administrative requirements) pay each Holder additional amounts (“Tax Additional Amounts”) as will result in such Holder’s receipt of such amounts as it would have received had no such withholding or deduction been required. If
the Taxing Jurisdiction requires the Company to deduct or withhold any Withholding Tax, the Company will (subject to compliance by a Holder with any relevant administrative requirements) pay such Tax Additional Amounts in respect of any principal
amount (and premium, if any), or interest payable at the Maturity Date or any earlier date of redemption, on any Interest Payment Date, or otherwise, as applicable, as may be necessary so that the net amounts paid to the Holder or the Trustee after
such deduction or withholding will equal the principal amount, or interest on the Securities. 
 SECTION 9.02 Exceptions to Payment
of Tax Additional Amounts. Notwithstanding the foregoing, the Company shall not be obligated to pay Tax Additional Amounts pursuant to Section 9.01 hereof in the following instances: 

(a) any Withholding Tax which would not be payable or due but for the fact that (1) the Holder of a Security (or a fiduciary, settlor,
beneficiary of, member or shareholder of, such Holder, if such Holder is an estate, trust, partnership or corporation) is a domiciliary, national or resident of, or engaging in business or maintaining a permanent establishment or being physically
present in, the Taxing Jurisdiction or otherwise having some present or former connection with the Taxing Jurisdiction other than the holding or ownership of the Securities or the collection of principal amount and interest (if any), in accordance
with the terms of the Securities and the Indenture or the enforcement of the Securities or (2) where presentation is required, the Security was presented more than ten (10) days after the date such payment became due or was provided for,
whichever is later; 
 (b) any Withholding Tax attributable to any estate, inheritance, gift, sales, transfer, excise, personal property or
similar tax, levy, impost or charge; 
 (c) any Withholding Tax attributable to any tax, levy, impost or charge which is payable otherwise
than by withholding from payment of principal amount and interest (if any); 
 (d) any Withholding Tax which would not have been imposed but
for the failure to comply with certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with the relevant tax authority of

  
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the Holder or beneficial owner of the Securities, if this compliance is required by statute, treaty or by regulation as a precondition to relief or exemption from such Withholding Tax; 

(e) to the extent a Holder is entitled to a refund or credit in such Taxing Jurisdiction of amounts required to be withheld by such Taxing
Jurisdiction; or 
 (f) any combination of the instances described in (a) through (e). 

SECTION 9.03 Entitlement to Refund or Credit. With respect to Section 9.02(e), in the absence of evidence reasonably
satisfactory to the Company, the Company may conclusively presume that a Holder of a Security is entitled to a refund or credit of all amounts required to be withheld if the relevant local laws provide a Holder with the ability to file or otherwise
claim such refund or credit. The Company shall not be required to pay any Tax Additional Amounts to any Holder of a Security who is a fiduciary or partnership or other than the sole beneficial owner of the Security to the extent that a beneficiary
or settlor with respect to such fiduciary, or a member of such partnership or a beneficial owner thereof, would not have been entitled to the payment of such Tax Additional Amounts had such beneficiary, settlor, member or beneficial owner been the
Holder of the Security. 
 SECTION 9.04 References to be Consistent. Whenever with respect to the Securities there is mentioned
in the Indenture or in any Global Security or Physical Security, in any context, payment of principal (and premium, if any) interest or any other amount payable under or with respect to any Security at the Maturity Date, any Interest Payment Date or
otherwise, such mention shall be deemed to include mention of the payment of Tax Additional Amounts described in this Article 9 to the extent that, in such context, Tax Additional Amounts were or would be payable by the Company in respect thereof.

 Notwithstanding anything to the contrary in this Supplemental Indenture or in the Notes, the Paying Agent and Trustee shall be entitled
to make a deduction or withholding from any payment which it makes hereunder or under the Notes for or on account of any present or future taxes, duties or charges if and to the extent so required by any applicable law and any current or future
regulations or agreements thereunder or official interpretations thereof or any law implementing an intergovernmental approach thereto or by virtue of the relevant Holder failing to satisfy any certification or other requirements in respect of the
Notes, in which event the Paying Agent shall make such payment after such withholding or deduction has been made and shall account to the relevant authorities for the amount so withheld or deducted and shall have no obligation to gross up any
payment hereunder or pay any additional amount as a result of such withholding tax. 
 ARTICLE 10 

SUBORDINATION 

SECTION 10.01 Agreement to Subordinate. The Company, for itself, its successors and assigns, covenants and agrees, and each Holder
of Securities of such series by his, her or its acceptance thereof, likewise covenants and agrees, that the payment of the principal of (and premium, if any) and interest, if any, on each and all of the Securities of such series is 

  
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hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all Senior Indebtedness. 

SECTION 10.02 Distribution on Dissolution, Liquidation or Reorganization; Subrogation of Securities. Subject to Section 10.01
hereof, upon any distribution of assets of the Company upon any dissolution, winding up, liquidation or reorganization of the Company, whether in bankruptcy, insolvency, reorganization or receivership proceedings or upon an assignment for the
benefit of creditors or any other marshalling of the assets and liabilities of the Company or otherwise (subject to the power of a court of competent jurisdiction to make other equitable provision reflecting the rights conferred in this Indenture
upon the Senior Indebtedness and the holders thereof with respect to the Securities and the holders thereof by a lawful plan of reorganization under applicable bankruptcy law): 

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

(c) in the event that, notwithstanding the foregoing, any payment or distribution of assets of the Company of any kind or character, whether in
cash, property or securities prohibited by the foregoing, shall be received by the Trustee or the Holder of any Security before all Senior Indebtedness is paid in full, and if such fact shall, at or prior to the time of such payment or distribution,
have been made known to the Trustee or such Holder, such payment or distribution shall be paid over, upon written notice to a Responsible Officer of the Trustee, to the holder of such Senior Indebtedness or his, her or its representative or
representatives or to the trustee or trustees under any indenture under which any instrument evidencing any of such Senior Indebtedness may have been issued, ratably as aforesaid, as calculated by the Company, for application to payment of all
Senior Indebtedness remaining unpaid until all such Senior Indebtedness shall have been paid in full, after giving effect to any concurrent payment or distribution to or for the holders of such Senior Indebtedness. 

(d) Subject to the payment in full of all Senior Indebtedness, the Holders of the Securities shall be subrogated to the rights of the holders
of Senior Indebtedness (to the 

  
 29 

 
extent that distributions otherwise payable to such holder have been applied to the payment of Senior Indebtedness) to receive payments or distributions of cash, property or securities of the
Company applicable to Senior Indebtedness until the principal of (and premium, if any) and interest, if any, on the Securities shall be paid in full and no such payments or distributions to the Holders of the Securities of cash, property or
securities otherwise distributable to the holders of Senior Indebtedness shall, as between the Company, its creditors other than the holders of Senior Indebtedness, and the Holders of the Securities be deemed to be a payment by the Company to or on
account of the Securities. It is understood that the provisions of this Article 10 are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities, on the one hand, and the holders of the Senior
Indebtedness, on the other hand. Nothing contained in this Article 10 or elsewhere in this Indenture or in the Securities is intended to or shall impair, as between the Company, its creditors other than the holders of Senior Indebtedness, and the
Holders of the Securities, the obligation of the Company, which is unconditional and absolute, to pay to the Holders of the Securities the principal of (and premium, if any) and interest, if any, on the Securities as and when the same shall become
due and payable in accordance with their terms, or to affect the relative rights of the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness, nor shall anything herein or in the Securities prevent the
Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article 10 of the holders of Senior Indebtedness in respect of
cash, property or securities of the Company received upon the exercise of any such remedy. Upon any payment or distribution of assets of the Company referred to in this Article 10, the Trustee, subject to the provisions of Section 10.05 hereof,
shall be entitled to conclusively rely upon a certificate of the liquidating trustee or agent or other person making any distribution to the Trustee for the purpose of ascertaining the Persons entitled to participate in such distribution, the
holders of Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereof and all other facts pertinent thereto or to this Article 10. 

SECTION 10.03 No Payment on Securities in Event of Default on Senior Indebtedness. Subject to Section 10.01 hereof, if any
principal, premium or interest in respect of Senior Indebtedness is not paid within any applicable grace period (including at maturity) or any other default on Senior Indebtedness occurs and the maturity of such Senior Indebtedness is accelerated in
accordance with its terms, the Company may not pay the principal of, or premium, if any, or interest on, the Securities or repurchase, redeem or otherwise retire any Securities, unless, in each case, the default has been cured or waived and any such
acceleration has been rescinded or such Senior Indebtedness has been paid in full in cash. If the Securities are declared due and payable before the Maturity Date, the holders of Senior Indebtedness outstanding at the time the Securities so become
due and payable shall be entitled to receive payment in full of all amounts due or to become due on or in respect of such Senior Indebtedness before the Holders of the Securities are entitled to receive any payment on the Securities. If,
notwithstanding the foregoing, the Company makes any payment to the Trustee or the Holder of any Security prohibited by the preceding sentences, and if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or
such Holder, such payment must be paid over and delivered to the Company. 

  
 30 

 SECTION 10.04 Payments on Securities Permitted. Subject to Section 10.01 hereof,
nothing contained in this Indenture or in any of the Securities shall (a) affect the obligation of the Company to make, or prevent the Company from making, at any time except as provided in Sections 10.02 and 10.03 hereof, payments of principal
of (or premium, if any) or interest, if any, on the Securities or (b) prevent the application by the Trustee of any moneys or assets deposited with it hereunder to the payment of or on account of the principal of (or premium, if any) or
interest, if any, on the Securities, unless a Responsible Officer of the Trustee shall have received at its Corporate Trust Office written notice of any fact prohibiting the making of such payment from the Company or from the holder of any Senior
Indebtedness or from the trustee for any such holder, together with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority of such trustee more than two Business Days prior to the date fixed for such payment.

 SECTION 10.05 Authorization of Securityholders to Trustee to Effect Subordination. Subject to Section 10.01 hereof, each
Holder of Securities by his acceptance thereof authorizes and directs the Trustee on his, her or its behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 10 and appoints the
Trustee his attorney-in-fact for any and all such purposes. 
 SECTION 10.06 Notices to Trustee. The Company shall give prompt
written notice to a Responsible Officer of the Trustee of any fact known to the Company that would prohibit the making of any payment of monies or assets to or by the Trustee in respect of the Securities of any series pursuant to the provisions of
this Article 10. Subject to Section 10.01 hereof, notwithstanding the provisions of this Article 10 or any other provisions of this Indenture, neither the Trustee nor any Paying Agent (other than the Company) shall be charged with knowledge of
the existence of any Senior Indebtedness or of any fact which would prohibit the making of any payment of moneys or assets to or by the Trustee or such Paying Agent, unless and until a Responsible Officer of the Trustee or such Paying Agent shall
have received (in the case of a Responsible Officer of the Trustee, at the Corporate Trust Office of the Trustee) written notice thereof from the Company or from the holder of any Senior Indebtedness or from the trustee for any such holder, together
with proof satisfactory to the Trustee of such holding of Senior Indebtedness or of the authority of such trustee and, prior to the receipt of any such written notice, the Trustee shall be entitled in all respects conclusively to presume that no
such facts exist; provided, however, that if at least two Business Days prior to the date upon which by the terms hereof any such moneys or assets may become payable for any purpose (including, without limitation, the payment of either the principal
(or premium, if any) or interest, if any, on any Security) a Responsible Officer of the Trustee shall not have received with respect to such moneys or assets the notice provided for in this Section 10.06, then, anything herein contained to the
contrary notwithstanding, the Trustee shall have full power and authority to receive such moneys or assets and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be
received by it within two Business Days prior to such date. The Trustee shall be entitled to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness (or a trustee on behalf of such
holder) to establish that such a notice has been given by a holder of Senior Indebtedness or a trustee on behalf of any such holder. In the event that the Trustee determines in good faith that further evidence is required with respect to the right
of any Person as a holder of 

  
 31 

 
Senior Indebtedness to participate in any payment or distribution pursuant to this Article 10, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the
Trustee as to the amount of Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article 10 and, if
such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 

SECTION 10.07 Trustee as Holder of Senior Indebtedness. Subject to Section 10.01 hereof, the Trustee in its individual
capacity shall be entitled to all the rights set forth in this Article 10 in respect of any Senior Indebtedness at any time held by it to the same extent as any other holder of Senior Indebtedness and nothing in this Indenture shall be construed to
deprive the Trustee of any of its rights as such holder. Nothing in this Article 10 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 5.15 hereof or Section 10.01 of the Base Indenture. 

SECTION 10.08 Modifications of Terms of Senior Indebtedness. Subject to Section 10.01 hereof, any renewal or extension of the
time of payment of any Senior Indebtedness or the exercise by the holders of Senior Indebtedness of any of their rights under any instrument creating or evidencing Senior Indebtedness, including, without limitation, the waiver of default thereunder,
may be made or done all without notice to or assent from the Holders of the Securities or the Trustee. No compromise, alteration, amendment, modification, extension, renewal or other change of, or waiver, consent or other action in respect of, any
liability or obligation under or in respect of, or of any of the terms, covenants or conditions of any indenture or other instrument under which any Senior Indebtedness is outstanding or of such Senior Indebtedness, whether or not such release is in
accordance with the provisions of any applicable document, shall in any way alter or affect any of the provisions of this Article 10 or of the Securities relating to the subordination thereof. 

SECTION 10.09 Reliance on Judicial Order or Certificate of Liquidating Agent. Subject to Section 10.01 hereof, upon any
payment or distribution of assets of the Company referred to in this Article 10, the Trustee and the Holders of the Securities shall be entitled to conclusively rely upon any order or decree entered by any court of competent jurisdiction in which
such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, liquidating trustee, custodian, receiver, assignee for the
benefit of creditors, agent or other person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the
holders of Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article 10. 

SECTION 10.10 Satisfaction and Discharge; Defeasance and Covenant Defeasance. Subject to Section 10.01 hereof, amounts and
U.S. Government Obligations deposited in trust with the Trustee pursuant to and in accordance with Article 6 and not, at the time of such 

  
 32 

 
deposit, prohibited to be deposited under Sections 10.02 or 10.03 shall not be subject to this Article 10. 

SECTION 10.11 Trustee not Fiduciary for Holders of Senior Indebtedness. With respect to the holders of Senior Indebtedness, the
Trustee undertakes to perform or observe only such of its covenants and obligations as are specifically set forth in this Article 10, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into this
Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness. The Trustee shall not be liable to any such holder if it shall pay over or distribute to or on behalf of Holders of
Securities or the Company, or any other Person, moneys or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article 10 or otherwise and no implied covenants or obligations with respect to holders of Senior
Indebtedness shall be read into this Indenture against the Trustee. 
 ARTICLE 11 

MISCELLANEOUS 

SECTION 11.01 Effect on Successors and Assigns. Notwithstanding Section 14.10 of the Base Indenture, all agreements of the
Company, the Trustee, the Registrar, and the Paying Agent in this Indenture and the Securities will bind their respective successors. 

SECTION 11.02 Governing Law; Waiver of Jury Trial. This Supplemental Indenture and the Securities shall be deemed to be contracts
made under the law of the State of New York and for all purposes shall be governed by and construed in accordance with the law of such State. Each party hereto and each Holder by acceptance thereof, hereby waives, to the fullest extent permitted by
applicable law, any right it may have to a trial by jury in respect of any litigation directly or indirectly arising out of, under or in connection with this Indenture. 

SECTION 11.03 No Security Interest Created. Nothing in this Indenture or in the Securities, expressed or implied, shall be
construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction. 

SECTION 11.04 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 11.05
Benefits of Supplemental Indenture. Nothing in this Supplemental Indenture or in the Securities, expressed or implied, will give to any Person, other than the parties hereto, any Paying Agent, any authenticating agent, any Registrar or their
successors hereunder or the Holders, any benefit or any legal or equitable right, remedy or claim under this Supplemental Indenture. 

  
 33 

 SECTION 11.06 Calculations; Determinations. The Company shall be responsible for
making all calculations called for under the Securities. None of the Trustee, Registrar or Paying Agent (in each case if different from the Company) shall have any responsibility for making such calculations or for determining amounts to be paid,
nor shall they be charged with any knowledge of or have any duties to monitor any measurement period. These calculations include, but are not limited to accrued interest payable on the Securities. The Company shall make all these calculations in
good faith and, absent manifest error, the Company’s calculations shall be final and binding on Holders. The Company shall provide a schedule of its calculations to the Trustee and the Trustee is entitled to rely conclusively upon the accuracy
of the Company’s calculations without independent verification. The Trustee will forward the Company’s calculations to any Holder upon the request of that Holder at the sole cost and expense of the Company. 

SECTION 11.07 Execution in 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. 
 SECTION 11.08 Notices.
The Company or the Trustee, by notice given to the other in the manner provided in Section 14.03 of the Base Indenture, may designate additional or different addresses for subsequent notices or communications. 

Notwithstanding anything to the contrary in Sections 14.03 and 14.04 of the Base Indenture, whenever the Company is required to deliver
notice to the Holders, the Company will, by the date it is required to deliver such notice to the Holders, deliver a copy of such notice to the Trustee, the Paying Agent and the Registrar. Each notice to the Trustee, the Paying Agent and the
Registrar shall be sufficiently given if in writing and mailed, first-class postage prepaid to the address most recently sent by the Trustee, the Paying Agent or the Registrar, as the case may be, to the Company. 

SECTION 11.09 Ratification of Base Indenture. The Base Indenture, as supplemented by this Supplemental Indenture, is in all
respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein provided. For the avoidance of doubt, each of the Company and each Holder of Securities, by its
acceptance of such Securities, acknowledges and agrees that all of the rights, privileges, protections, immunities and benefits afforded to the Trustee under the Base Indenture are deemed to be incorporated herein, and shall be enforceable by the
Trustee hereunder, in each of its capacities hereunder as if set forth herein in full. 
 SECTION 11.10 The Trustee. The
recitals in this Supplemental Indenture are made by the Company only and not by the Trustee, and all of the provisions contained in the Base Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be
applicable in respect of the Securities and of this Supplemental Indenture as fully and with like effect as set forth in full herein. 

SECTION 11.11 No Recourse Against Others. No director, officer, employee, incorporator or stockholder of the Company shall have
any liability for any 

  
 34 

 
obligations of the Company under the Securities, the Indenture or any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder, by accepting a Security,
waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. 

SECTION 11.12 FATCA. 

(a) In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines and interpretations
promulgated by competent authorities) in effect from time to time (“Applicable Law”), the Company agrees (i) to provide to the Trustee and the Paying Agent sufficient information about the applicable parties and/or transactions
(including any modification to the terms of such transactions) so the Trustee and the Paying Agent can determine whether it has tax-related obligations under Applicable Law, (ii) that the Trustee and the Paying Agent shall be entitled to make
any withholding or deduction from payments under the Indenture to the extent necessary to comply with Applicable Law for which neither the Trustee nor the Paying Agent shall have any liability, and (iii) to hold harmless the Trustee and the
Paying Agent for any losses it may suffer due to the actions it takes to comply with such Applicable Law. The terms of this section shall survive the termination of the Indenture. 

(b) Each of the Trustee and the Paying Agent shall be entitled to deduct FATCA Withholding Tax, and shall have no obligation to gross-up any
payment hereunder or to pay any additional amount as a result of such FATCA Withholding Tax. 
 [Remainder of the page intentionally left
blank] 

  
 35 

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

			
	AMTRUST FINANCIAL SERVICES, INC.
		
	By:	 	/s/ Harry Schlachter
		 	Name: Harry Schlachter
		 	Title: Senior Vice President and Treasurer

  

	
	 Attest:

	
	/s/ Stephen Ungar
	Name: Stephen Ungar
	Title: Senior Vice President, General Counsel and Secretary

  
 AmTrust Financial
Services, Inc. – Sixth Supplemental Indenture Signature Page 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	/s/ Valere D. Boyd
	Name:	 	Valere D. Boyd
	Title:	 	Vice President

  
 AmTrust Financial
Services, Inc. – Sixth Supplemental Indenture Signature Page 

 EXHIBIT A 

[FORM OF FACE OF SECURITY] 

[For Global Securities, include the following legend: 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN
THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  

			
	 No.:
	  	[ ]
	 CUSIP:            
	  	[032359 853]
	 ISIN:
	  	[US0323598534]

 Principal Amount $[            ] 

[as revised by the Schedule of Increases 

and Decreases in the Global Security attached hereto]1 

AmTrust Financial Services, Inc. 

7.50% Subordinated Notes due 2055 

AmTrust Financial Services, Inc., a Delaware corporation, promises to pay to [ ] [include “Cede & Co.” for
Global Security] or registered assigns, the principal amount of $[ ] on September 15, 2055 (the “Maturity Date”) and to pay interest hereon as set forth in the Indenture in the manner, at the rates and to the
Persons set forth therein. 
  

			
	Interest Payment Dates:	  	March 15, June 15, September 15 and December 15.
		
	Regular Record Dates:	  	March 1, June 1, September 1 and December 1.

 Additional provisions of this Security are set forth on the other side of this Security. 

 
  

	1 	Include for Global Securities only. 

  
 Exhibit A-1 

 IN WITNESS WHEREOF, AMTRUST FINANCIAL SERVICES, INC. has caused this instrument to be signed
manually or by facsimile by two of its duly authorized officers. 
 Dated: 

 

			
	AMTRUST FINANCIAL SERVICES, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

	
	Attest:
	
	   

 [Trustee’s Certificate of Authentication Follows] 

  
 Exhibit A-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

The Bank of New York Mellon Trust Company, N.A., as Trustee, certifies that this is one of the Securities referred to in the
within-mentioned Indenture. 
 Dated: 
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

  
 Exhibit A-3 

 [FORM OF REVERSE OF NOTE] 

AMTRUST FINANCIAL SERVICES, INC. 

7.50% Subordinated Notes due 2055 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued
under an Indenture dated as of December 21, 2011 (herein called the “Base Indenture”), and as further supplemented by the Sixth Supplemental Indenture, dated as of September 16, 2015 (herein called the
“Supplemental Indenture” and the Base Indenture, as supplemented by the Supplemental Indenture, the “Indenture”) by and between the Company and The Bank of New York Mellon Trust Company, N.A., herein called the
“Trustee”, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, 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.  
 This Security is subject to redemption at the
option of the Company prior to the Maturity Date in accordance with Section 3.01 of the Supplemental Indenture. 
 This Security is not
subject to the benefit of a sinking fund. 
 The Indebtedness evidenced by this Security is, to the extent and in the manner set forth in
the Indenture, subordinate and subject in right of payment to the prior payment in full of the principal (or premium, if any), sinking funds or interest, if any, on all Senior Indebtedness of the Company and each Holder of this Security, by
accepting the same, agrees to and shall be bound by the provisions of the Indenture with respect thereto. 
 As provided in and subject to
the provisions of the Indenture, the Company will make all payments in respect of the principal amount of this Security to the Holder that surrenders this Security to the Paying Agent to collect such payments in respect of this Security. The Company
will pay cash amounts in money of the United States that at the time of payment is legal tender for payment of public and private debts. Any references in this Security to principal (and premium, if any), interest or any other amount payable under
or with respect to the Security at the Maturity Date, any Interest Payment Date or otherwise, shall be deemed to include payment of Tax Additional Amounts, as applicable. 

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 to be effected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding.
The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities at the time Outstanding, on behalf of the Holders of all Securities, to waive compliance by the Company with certain
provisions of the Indenture and certain past Defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the 

  
 Exhibit A-4 

 
registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any
proceeding with respect to the Indenture or the Securities, or for the appointment of a receiver, or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with
respect to the Security, the Holders of not less than 25% in aggregate principal amount of the Securities at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee
and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in aggregate principal amount of Securities at the time Outstanding a direction inconsistent with such request, and shall have
failed to institute any such proceeding, for sixty (60) days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of
principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the
Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on, this Security at the time, place and rate, and in the
coin and currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of
this Security is registrable in the Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar duly executed by, the Holder hereof or its attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities are issuable only in registered form without coupons in denominations of $25 and integral multiples of $25 in excess thereof.
As provided in the Indenture and subject to certain limitations therein set forth, the Securities are exchangeable for a like aggregate principal amount of Securities and of like tenor of a different authorized denomination, as requested by the
Holder surrendering the same. 
 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any
agent of the Company or Trustee may treat the Person in whose name the Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by
notice to the contrary. 
 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. 

  
 Exhibit A-5 

 All defined terms used in this Security that are defined in the Indenture shall have the meanings
assigned to them in the Indenture. If any provision of this Security limits, qualifies or conflicts with a provision of the Indenture, such provision of the Indenture shall control. 

  
 Exhibit A-6 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription of the face of this Security, shall be construed as though they were written out in
full 
  

									
	TEN COM - as tenants in common	 	UNIF GIFT MIN ACT	 	Custodian	 		 	
		 	(Cust)	 		 		 	
	TEN ENT - as tenants by the entireties	 	 	 		 		 	
		 	(Minor)	 		 		 	
	 JT TEN - as joint tenants with right of

Survivorship and not as tenants in
 common
	 	 Uniform Gifts to Minors

Act
	 	 	 	(State)	 	

 Additional abbreviations may also be used though not in the above list. 

  
 Exhibit A-7 

 ANNEX A 

[Include for Global Security] 

SCHEDULE OF INCREASES AND DECREASES OF GLOBAL SECURITY 

Initial principal amount of Global Security: 
  

									
	 Date
	  	 Amount of Increase

in principal
 amount of
Global
 Security
	  	 Amount of

Decrease in
 principal
amount
 of Global Security
	  	 Principal amount

of Global Security
 after
Increase or
 Decrease
	  	 Notation by

Registrar or
 Security
Custodian

		  		  		  		  	

  
 A-1 

 ATTACHMENT 1 

[FORM OF ASSIGNMENT AND TRANSFER] 

For value received hereby sell(s), assign(s) and transfer(s) unto (Please insert social security or Taxpayer Identification Number of
assignee) the within Security, and hereby irrevocably constitutes and appoints to transfer the said Security on the books of the Company, with full power of substitution in the premises. 

 

	
	
	   

	
	   

	 Signature(s)

	
	Signature(s) must be guaranteed by an institution which is a member of one of the following recognized signature Guarantee Programs:
	
	(i) The Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP) or (iv) another guarantee

  
 Attachment 1-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00249-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00249-of-00352.parquet"}]]