Document:

EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 
  

 
  

WARRANT AGREEMENT 

BETWEEN 
 EASTMAN KODAK
COMPANY 
 AND 

COMPUTERSHARE TRUST COMPANY, N.A., and 

COMPUTERSHARE INC., 
 as
WARRANT AGENT 
 Dated as of September 3, 2013 
  

 
  

 TABLE OF CONTENTS 

 

									
	 	 	 	  	Page	 
			
	 1.
	 	 DEFINITIONS
	  	 	1	 
			
	 2.
	 	 ORIGINAL ISSUE OF WARRANTS
	  	 	5	 
				
		 	 2.1
	  	 Issuance of Warrants
	  	 	5	 
				
		 	 2.2
	  	 Execution of Warrant Statements and Warrant Certificates; Vesting
	  	 	5	 
			
	 3.
	 	 EXERCISE PRICE; EXERCISE OF WARRANTS AND EXPIRATION OF WARRANTS
	  	 	6	 
				
		 	 3.1
	  	 Exercise Price
	  	 	6	 
				
		 	 3.2
	  	 Exercise of Warrants
	  	 	6	 
				
		 	 3.3
	  	 Expiration of Warrants
	  	 	6	 
				
		 	 3.4
	  	 Method of Exercise; Settlement of Warrant
	  	 	6	 
				
		 	 3.5
	  	 Transferability of Warrants and Common Stock
	  	 	8	 
				
		 	 3.6
	  	 Compliance with Law
	  	 	8	 
			
	 4.
	 	 ADJUSTMENTS AND OTHER RIGHTS
	  	 	9	 
				
		 	 4.1
	  	 Stock Dividend; Subdivision or Combination of Common Stock
	  	 	9	 
				
		 	 4.2
	  	 Other Dividends and Distributions
	  	 	10	 
				
		 	 4.3
	  	 Rights Offerings
	  	 	11	 
				
		 	 4.4
	  	 Issuer Tender or Exchange Offers
	  	 	11	 
				
		 	 4.5
	  	 Reorganization, Reclassification, Consolidation, Merger or Sale
	  	 	12	 
				
		 	 4.6
	  	 Other Adjustments
	  	 	12	 
				
		 	 4.7
	  	 Notice of Adjustment
	  	 	13	 
				
		 	 4.8
	  	 Restrictions on Adjustments
	  	 	13	 
			
	 5.
	 	 CASH REDEMPTION RIGHT
	  	 	14	 
				
		 	 5.1
	  	 Cash Redemption in Connection with Organic Change
	  	 	14	 
				
		 	 5.2
	  	 Warrant Agent
	  	 	14	 

  
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	 6.
	 	 EXCHANGE AND TRANSFER OF WARRANTS
	  	 	14	 
				
		 	 6.1
	  	 Warrant Register
	  	 	14	 
				
		 	 6.2
	  	 Transfer or Exchange of Warrants
	  	 	14	 
				
		 	 6.3
	  	 Treatment of Registered Holders
	  	 	15	 
				
		 	 6.4
	  	 Exchange of a Warrant Certificate for a Beneficial Interest in Warrants Held Through Depositary
	  	 	15	 
				
		 	 6.5
	  	 Obligations with Respect to Transfers and Exchanges of Warrants
	  	 	15	 
				
		 	 6.6
	  	 Lost, Stolen or Destroyed Warrant Certificates
	  	 	16	 
			
	 7.
	 	 WARRANT HOLDERS
	  	 	16	 
				
		 	 7.1
	  	 No Rights as Shareholder
	  	 	16	 
				
		 	 7.2
	  	 Right of Action
	  	 	16	 
			
	 8.
	 	 WARRANT AGENT
	  	 	16	 
				
		 	 8.1
	  	 Nature of Duties and Responsibilities Assumed
	  	 	16	 
				
		 	 8.2
	  	 Compensation and Reimbursement; Indemnification
	  	 	18	 
				
		 	 8.3
	  	 Indemnification (Instructions)
	  	 	19	 
				
		 	 8.4
	  	 Warrant Agent May Hold Company Securities
	  	 	19	 
				
		 	 8.5
	  	 Resignation and Removal; Appointment of Successor
	  	 	19	 
				
		 	 8.6
	  	 Damages
	  	 	20	 
				
		 	 8.7
	  	 Force Majeure
	  	 	20	 
				
		 	 8.8
	  	 Survival
	  	 	20	 
			
	 9.
	 	 REPRESENTATIONS AND WARRANTIES
	  	 	20	 
			
	 10.
	 	 COVENANTS
	  	 	20	 
				
		 	 10.2
	  	 Reservation of Common Stock for Issuance on Exercise of Warrants
	  	 	20	 
				
		 	 10.3
	  	 Notice of Certain Events
	  	 	21	 
				
		 	 10.4
	  	 Further Assurances
	  	 	22	 

  
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	 11.
	 	 GENERAL PROVISIONS
	  	 	22	 
				
		 	 11.1
	  	 Money and Other Property Deposited with the Warrant Agent
	  	 	22	 
				
		 	 11.2
	  	 Confidentiality
	  	 	22	 
				
		 	 11.3
	  	 Surrender of Certificates
	  	 	22	 
				
		 	 11.4
	  	 Payment of Taxes
	  	 	22	 
				
		 	 11.5
	  	 Notices
	  	 	23	 
				
		 	 11.6
	  	 Applicable Law; Jurisdiction
	  	 	24	 
				
		 	 11.7
	  	 Persons Benefiting
	  	 	24	 
				
		 	 11.8
	  	 Counterparts
	  	 	24	 
				
		 	 11.9
	  	 Amendments
	  	 	24	 
				
		 	 11.10
	  	 Headings
	  	 	25	 
				
		 	 11.11
	  	 Entire Agreement
	  	 	25	 
				
		 	 11.12
	  	 Consequential Damages
	  	 	25	 
				
		 	 11.13
	  	 Specific Performance
	  	 	25	 

  
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 List of Exhibits 

EXHIBIT A-1 — Form of Warrant Statement for 125% Warrants 

EXHIBIT A-2 — Form of Warrant Statement for 135% Warrants 

EXHIBIT A-3 — Form of Warrant Certificate for 125% Warrants 

EXHIBIT A-4 — Form of Warrant Certificate for 135% Warrants 

EXHIBIT B — Warrant Exercise Form 
 EXHIBIT C
— Form of Assignment 
 SCHEDULE A — Warrant Agent Compensation 

  
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 WARRANT AGREEMENT 

WARRANT AGREEMENT, dated as of September 3, 2013 (together with the Warrants, this “Agreement”), by and between
Eastman Kodak Company, a New Jersey corporation (the “Company”), and Computershare Inc., a Delaware corporation and its wholly-owned subsidiary Computershare Trust Company, N.A., a federally chartered, limited purpose trust company
(collectively, together with their respective successors and assigns, the “Warrant Agent” or individually, “Computershare” and the “Trust Company,” respectively). 

WITNESSETH: 

WHEREAS, in accordance with the First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor
Affiliates (including the Plan Supplement and all other exhibits and schedules thereto, as may be amended, modified or supplemented from time to time, the “Plan”) and that certain Backstop Commitment Agreement, dated as of
June 18, 2013, by and between the Company and the Backstop Parties party thereto (the “Backstop Commitment Agreement”), the Company is issuing Warrants to purchase up to an aggregate of 4,170,016 shares of its Common Stock,
subject to adjustment, including (a) 125% Warrants to purchase 2,085,008 shares of its Common Stock, subject to adjustment, and (b) 135% Warrants to purchase 2,085,008 shares of its Common Stock, subject to adjustment; and 

WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing so to act, in
connection with the issuance, transfer, exchange, replacement and exercise of the Warrants and other matters as provided herein. 

NOW, THEREFORE, in consideration of the foregoing and for the purpose of defining the terms and provisions of the Warrants and
the respective rights and obligations thereunder of the Company and the record holders of the Warrants, the Company and the Warrant Agent each hereby agree as follows: 
  

	1.	DEFINITIONS. 

 As used in this Agreement, the following terms shall have the
following meanings: 
 125% Warrants: the 125% Warrants issued by the Company pursuant to this Agreement and in accordance with the
Plan. 
 125% Warrants Exercise Price: means $14.93, subject to adjustment pursuant to this Agreement. 

135% Warrants: the 135% Warrants issued by the Company pursuant to this Agreement and in accordance with the Plan. 

135% Warrants Exercise Price: means $16.12, subject to adjustment pursuant to this Agreement. 

 Affiliate: with respect to any particular Person, means any other Person controlling,
controlled by or under common control with such particular Person. For the purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person, whether
through the ownership of voting securities, contract or otherwise. 
 Announcement Date: the meaning set forth in
Section 4.4. 
 Backstop Commitment Agreement: the meaning set forth in the recitals to this Agreement. 

Backstop Parties: the meaning set forth in the Backstop Commitment Agreement. 

Bankruptcy Code: means title 11 of the United States Code, 11 U.S.C. §§ 101 et seq. 

Beneficial Holder: means any Person that holds Warrants through the book-entry facilities of the Depositary or through persons that are
direct participants in the Depositary. 
 Board: the board of directors of the Company. 

Book-Entry Warrants: the meaning set forth in Section 2.1. 

Business Day: any day that is not a Saturday, Sunday, or a day on which the New York Stock Exchange is required or permitted to be
closed. 
 Certificate of Incorporation: the Company’s certificate of incorporation (or equivalent organizational document), as
amended from time to time. 
 Closing Sale Price: as of any date, the last reported per share sales price of a share of Common Stock
or the applicable security on such date (or, if no last reported sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices on such date) as reported
on the New York Stock Exchange, or if the Common Stock or such other security is not listed on the New York Stock Exchange, as reported by the principal U.S. national or regional securities exchange or quotation system on which the Common Stock or
such other security is then listed or quoted; provided, however, that in the absence of such listing or quotations, the Closing Sale Price shall be determined by an Independent Financial Expert appointed for such purpose, using one or
more valuation methods that the Independent Financial Expert in its best professional judgment determines to be most appropriate, assuming such Common Stock or securities are fully distributed and are to be sold in an arm’s-length transaction
and there was no compulsion on the part of any party to such sale to buy or sell and taking into account all relevant factors. 

Code: the U.S. Internal Revenue Code of 1986, as amended from time to time. 

Common Stock: the common stock, par value $0.01, of the Company. 

Company: the meaning set forth in the preamble to this Agreement, including all successors and assigns. 

  
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 Depositary: means The Depositary Trust Company. 

Consideration: The stock, securities, other equity interests or other assets (including cash) received with respect to or in exchange
for shares of Common Stock in connection with an Organic Change. 
 Distribution: the meaning set forth in Section 4.2.

 Exchange Act: the U.S. Securities Exchange Act of 1934, as amended from time to time. 

Exercise Date: the meaning set forth in Section 3.4. 

Exercise Price: means (i) with respect to the 125% Warrants, the 125% Warrants Exercise Price, and (ii) with respect to the
135% Warrants, the 135% Warrants Exercise Price. 
 Expiration Date: the meaning set forth in Section 3.3. 

Fair Market Value: 
 (i)
in the case of shares or securities, the average of the daily volume weighted average prices per share of such shares or securities for the ten consecutive trading days immediately preceding the day as of which Fair Market Value is being determined,
as reported on the New York Stock Exchange, or if such shares or securities are not listed on the New York Stock Exchange, as reported by the principal U.S. national or regional securities exchange or quotation system on which such shares or
securities are then listed or quoted; provided, however, if (x) such shares or securities are not listed or quoted on the New York Stock Exchange or any U.S. national or regional securities exchange or quotations system or
(y) a transaction impacting such shares or securities makes it unjust or inequitable to value such shares or securities in the manner provided above as reasonably determined in good faith by the Board, then the Fair Market Value of such
securities shall be the fair market value per share or unit of such shares or securities as determined by an Independent Financial Expert appointed for such purpose, using one or more valuation methods that such Independent Financial Expert in its
best professional judgment determines to be most appropriate, assuming that such shares or other securities are fully distributed and are to be sold in an arm’s-length transaction and that there is no compulsion on the part of any party to such
sale to buy or sell, and taking into account all relevant factors. 
 (ii) in the case of cash, the amount thereof. 

(iii) in the case of other property, the Fair Market Value of such property shall be the fair market value thereof as determined by an
Independent Financial Expert appointed for such purpose, using one or more valuation methods that such Independent Financial Expert in its best professional judgment determines to be most appropriate, assuming that such property is to be sold in an arm’s-length transaction and that there is no compulsion on the part of any party to such sale to buy or sell, and taking into account all relevant factors. 

Holders: from time to time, the Beneficial Holders and Registered Holders of the Warrants and, unless otherwise provided or indicated
herein, the holders of the Underlying Common Stock, solely in their capacity as such. 

  
 -3- 

 Independent Financial Expert: an independent, nationally recognized financial advisory
firm selected by the Board in good faith. 
 Initial Warrantholder: means any holder of Class 4 General Unsecured Claims or the Class
6 Retiree Settlement Unsecured Claim (each as defined in the Plan). 
 Majority Holders: means, at any time, Holders of a majority in
number of the outstanding Warrants, in each case not held by the Company or any of the Company’s Affiliates. 
 Net Share
Amount: the meaning set forth in Section 3.4. 
 Organic Change: any recapitalization, reorganization,
reclassification, consolidation, merger, sale of all or substantially all of the Company’s assets or other transaction, which in each case is effected in such a way that the shares of Common Stock are converted into the right to receive (either
directly or upon subsequent liquidation) stock, securities, other equity interests or assets (including cash) with respect to or in exchange for shares of Common Stock. 

Person: any individual, corporation, partnership, joint venture, association, joint stock company, limited liability company, limited
liability partnership, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 Plan: the
meaning set forth in the recitals to this Agreement. 
 Premium Per Post-Tender Share: the meaning set forth in
Section 4.4. 
 Public Stock: means common stock listed on a recognized U.S. national securities exchange with an
aggregate market capitalization (held by non-Affiliates of the issuer) in excess of $1 billion in Fair Market Value. 
 Registered
Holder: means the Person in whose name any Warrant is registered upon the Warrant Register. 
 Securities Act: the U.S.
Securities Act of 1933, as amended from time to time. 
 Settlement Date: means, in respect of a Warrant that is exercised hereunder,
a reasonable time, not to exceed three (3) Business Days, immediately following the Exercise Date for such Warrant. 
 Stock
Dividend: the meaning set forth in Section 4.1. 
 Underlying Common Stock: the shares of Common Stock issuable or
issued upon the exercise of the Warrants. 
 Warrant Agent: the meaning set forth in the preamble to this Agreement. 

Warrant Exercise Form: the meaning set forth in Section 3.4. 

Warrant Certificates: the meaning set forth in Section 2.1. 

  
 -4- 

 Warrant Register: the meaning set forth in Article 6. 

Warrant Statements: the meaning set forth in Section 2.1. 

Warrants: the 125% Warrants and the 135% Warrants. 
  

	2.	ORIGINAL ISSUE OF WARRANTS. 

 2.1 Issuance of Warrants; Form of Warrant
Statements and Warrant Certificates. On the terms and subject to the conditions of this Agreement and in accordance with the terms of the Plan, as of the Effective Date (as defined in the Plan), Warrants to purchase shares of Underlying Common
Stock will be issued by the Company: (i) by book-entry registration on the books of the Warrant Agent, as evidenced by statements substantially in the form attached hereto as Exhibit A-1, with respect to 125% Warrants, and
Exhibit A-2, with respect to 135% Warrants, issued by the Warrant Agent from time to time to the Holders of such Warrants reflecting such book-entry position (the “Warrant Statements”, and such Warrants, the
“Book-Entry Warrants”) and/or (ii) in the form of certificates substantially in the form attached hereto as Exhibit A-3, with respect to 125% Warrants, and Exhibit A-4, with respect to 135% Warrants
(“Warrant Certificates”), provided that all 125% Warrants and 135% Warrants that bear the legend described in Section 3.6 shall be in the form of Warrant Certificates. The Warrant Statements and Warrant
Certificates shall have such appropriate instructions, omissions, substitutions and other variations as are required or permitted by this Agreement (but which do not affect the rights, duties or responsibilities of the Warrant Agent), and shall be
dated the date on which countersigned by the Warrant Agent. The Warrant Statements and Warrant Certificates may have such legends and endorsements stamped or otherwise imprinted thereon, and the Warrant Register may include such restrictive
notations with respect to certain Warrants, as may be required by the Certificate of Incorporation or as may be required to comply with any law or with any rule or regulation pursuant thereto or with any rule or regulation of any
securities exchange on which the Warrants may be listed. 
 2.2 Execution of Warrant Statements and Warrant Certificates; Vesting.

 (a) Simultaneously with the execution of this Agreement, the Warrant Certificates and Warrant Statements evidencing or reflecting the
Warrants to be issued to the Initial Warrantholders in accordance with the Plan shall be executed by the Company and delivered to the Warrant Agent for countersignature, by manual or facsimile signature, and the Warrant Agent shall thereupon
(i) countersign such Warrant Certificates and Warrant Statements and (ii) register in the Warrant Register the Warrants issued to each Registered Holder of Warrants. The Warrant Agent is hereby irrevocably (but subject to
Article 8) authorized to countersign and deliver Warrant Certificates and Warrant Statements as required by this Section 2.2 and as otherwise provided herein. The Warrant Certificates and Warrant Statements shall be executed
on behalf of the Company by an officer of the Company, either manually or by facsimile signature printed thereon. 
 (b) Each Warrant
Certificate shall represent such number of the outstanding Warrants as specified therein, and each shall provide that it shall represent the aggregate amount of outstanding Warrants from time to time endorsed thereon and that the aggregate amount of
outstanding Warrants represented thereby may from time to time be reduced or increased, as appropriate, in accordance with the terms of this Agreement. 

  
 -5- 

 (c) Subsequent to the original issuance of the Warrants to the Initial Warrantholders, the
Warrant Agent shall countersign a Warrant Certificate only if such Warrant Certificate is issued in exchange or substitution for one or more previously countersigned Warrant Certificates or in connection with their transfer as provided in this
Agreement. 
 (d) The Warrant Certificates and Warrant Statements shall be countersigned by the Warrant Agent, either manually or by
facsimile signature, and shall not be valid for any purpose unless so countersigned. In case any officer of the Company whose signature shall have been placed upon any of the Warrant Certificates or Warrant Statements shall cease to be such officer
of the Company before countersignature by the Warrant Agent and issue and delivery thereof, such Warrant Certificates or Warrant Statements may, nevertheless, be countersigned by the Warrant Agent, either manually or by facsimile signature printed
thereon, and delivered with the same force and effect as though such Person had not ceased to be such officer of the Company. 
 (e) No
Warrant Certificate shall be entitled to any benefit under this Agreement or be valid or obligatory for any purpose, and no Warrant evidenced thereby may be exercised, unless such Warrant Certificate has been countersigned by the manual or facsimile
signature of the Warrant Agent. Such signature by the Warrant Agent upon any Warrant Certificate executed by the Company shall constitute conclusive evidence that such Warrant Certificate has been duly issued under the terms of this Agreement. 

 

	3.	EXERCISE PRICE; EXERCISE OF WARRANTS AND EXPIRATION OF WARRANTS. 

 3.1 Exercise
Price. Subject to Section 3.3 and to the other provisions of this Agreement, each Warrant shall entitle the Holder thereof to purchase one share of Common Stock for each Warrant represented thereby at the applicable Exercise Price, subject
to all adjustments made on or prior to the date of exercise thereof in accordance with this Agreement. 
 3.2 Exercise of Warrants.
The Warrants shall be exercisable in whole or in part from time to time on any Business Day beginning on the date hereof and ending on the Expiration Date, in the manner provided for herein. 

3.3 Expiration of Warrants. Any unexercised Warrants shall expire and the rights of the Holders of such Warrants to purchase Underlying
Common Stock shall terminate at the close of business on September 3, 2018 (the “Expiration Date”). 
 3.4 Method
of Exercise; Settlement of Warrant. In order to exercise a Warrant, a Holder of Warrants must submit to the Warrant Agent (or, with respect to a Beneficial Holder of Warrants, to such Beneficial Holder’s broker) a duly completed and
executed exercise form for the exercise of such Warrants substantially in the form of Exhibit B hereto (each, a “Warrant Exercise Form”, and the date of submission of such duly completed and executed Warrant Exercise Form,
the “Exercise Date”). 

  
 -6- 

 (a) For each Warrant exercised hereunder, on the Settlement Date for such Warrant, the Company
shall cause to be delivered to the Holder thereof a number of shares of Common Stock (which will in no event be less than zero) (the “Net Share Amount”) equal to (i) the number of shares of Common Stock issuable upon exercise
of such Warrant at such time, multiplied by (ii) the Closing Sale Price on the relevant Exercise Date, minus the Exercise Price (determined as of such Exercise Date), divided by (iii) such Closing Sale Price, together with cash in respect
of any fractional shares of Common Stock as provided in Section 3.4(e). The Warrant Agent shall not take any action under this Section unless and until the Company has provided it with written instructions indicating the Net Share
Amount. The Warrant Agent shall have no duty or obligation to investigate or confirm whether the Company’s determination of the Net Share Amount is accurate or correct. 

(b) Upon the proper exercise of any Warrants in accordance with the foregoing provisions, the Warrant Agent shall promptly notify the Company,
and the Company shall instruct its transfer agent to transfer to the Holder of such Warrants appropriate evidence of ownership of any shares of Underlying Common Stock or other securities or property to which such Holder is entitled, registered or
otherwise placed in the name of the Holder or, subject to Section 3.6, in the name or names of such other Persons as may be directed in writing by the Holder, and shall deliver such evidence of ownership to the Person or Persons entitled
to receive the same, together with cash in respect of any fractional shares of Common Stock as provided in Section 3.4(e), provided that if the Holder shall direct that such securities be registered in the name of a Person other
than the Holder, such direction shall be tendered in conjunction with any evidence of authority that may be required by the Warrant Agent, including but not limited to, a signature guarantee from an eligible guarantor institution participating in a
signature guarantee program approved by the Securities Transfer Association. Upon the due exercise of Warrants in accordance with this Section 3.4, the Holder thereof (or such other Persons as directed by such Holder pursuant to this
Section 3.4(b)) shall be deemed to own and have all of the rights associated with any Underlying Common Stock or other property to which such Holder is entitled pursuant to this Agreement upon the due exercise of Warrants in accordance
with this Agreement. 
 (c) The Company acknowledges that the bank accounts maintained by the Warrant Agent in connection with its
performance under this Agreement shall be in the Warrant Agent’s name and that the Warrant Agent may receive investment earnings in connection with the investment at the Warrant Agent’s risk and for its benefit of funds held in those
accounts from time to time. The Company will not receive interest on any deposits. 
 (d) All disputes or questions as to the validity, form
and sufficiency (including time of receipt) of any exercised Warrant, Warrant Exercise Form or Warrant Certificate will be determined by the Company in its reasonable discretion, which determination shall be final and binding absent any manifest
error. The Company reserves the right to reject any and all Warrant Exercise Forms that the Company determines not to be duly completed and executed, or for which any corresponding agreement by the Company to issue Common Stock would, in the opinion
of the Company, be unlawful. Such determination by the Company shall be final and binding on all Holders, absent manifest error. The Company reserves the right to waive any condition to the exercise of Warrants or defects or irregularity with regard
to any exercise of Warrants. Neither the Company nor the Warrant Agent shall be under any duty to give notice to 

  
 -7- 

 
the Holders of the Warrants of any defects or irregularities with regard to any exercise of Warrants, nor shall the Company or the Warrant Agent incur any liability for the failure to give such
notice. 
 (e) The Company shall not be required to issue any fraction of a share of Common Stock upon exercise of any Warrants;
provided that, if more than one Warrant shall be exercised hereunder at one time by the same Holder, the number of full shares of Common Stock which shall be issuable upon exercise thereof shall be computed on the basis of all Warrants so
exercised, and shall include the aggregation of all fractional shares of Common Stock issuable upon exercise of such Warrants. If after giving effect to the aggregation of all shares of Common Stock (and fractions thereof) issuable upon exercise of
Warrants by the same Holder at one time as set forth in the previous sentence, any fraction of a share of Common Stock would, except for the provisions of this Section 3.4(e), be issuable on the exercise of any Warrant or Warrants, the
Company shall pay the Holder cash in lieu of such fractional share valued at the Closing Sale Price on the Exercise Date. 
 3.5
Transferability of Warrants and Common Stock. Except as any Holder may otherwise agree in writing with respect to its Warrants or shares of Underlying Common Stock, any Warrants, all rights with respect thereto and any shares of Underlying
Common Stock may be sold, transferred or disposed of, in whole or in part, without any requirement of obtaining the consent of the Company to so sell, transfer or dispose of, provided that any such sale, transfer or disposition shall be in
accordance with the terms of this Agreement, including, without limitation, Section 3.6 and Article 6 hereof and the terms of the Certificate of Incorporation and the by-laws of the Company. 

A party requesting transfer of any Warrants must provide to the Warrant Agent any evidence of authority that may be required by the Warrant
Agent, including but not limited to, a signature guarantee from an eligible guarantor institution participating in a signature guarantee program approved by the Securities Transfer Association. 

3.6 Compliance with Law. 

(a) The Warrants are issued, and any shares of Underlying Common Stock shall be issued, in reliance upon the exemption from the registration
requirements of Section 5 of the Securities Act provided by section 1145 of the Bankruptcy Code (provided that any such securities issued to “underwriters” within the meaning of section 1145(b) of the Bankruptcy Code shall
instead be issued pursuant to another available exemption from said registration requirements of Section 5). Neither the Warrants nor (except with respect to the Backstop Parties) any shares of Underlying Common Stock will be registered under
the Securities Act or any state or local law requiring registration for offer or sale of a security. To the extent a holder of the Warrants or Underlying Common Stock is an “underwriter” as defined in section 1145(b) of the Bankruptcy
Code, the Warrants and shares of Underlying Common Stock may not be sold or transferred in the absence of an effective registration statement under the Securities Act or an available exemption from registration thereunder. 

(b) The Company may stop any transfer of Warrants or Underlying Common Stock if (i) such Warrants or Underlying Common Stock are not
registered under the Securities 

  
 -8- 

 
Act and (ii) the Company has reason to believe such transfer may not be exempt from registration under the Securities Act. The Company may require any Holder to provide evidence that a
transfer of Warrants or Underlying Common Stock is exempt from registration under the Securities Act. 
 (c) To the extent the Company
determines that the exemption from registration provided under section 1145 of the Bankruptcy Code is not available with respect to any issuance or transfer of Warrants or shares of Underlying Common Stock, the Warrant Certificates representing such
Warrants or certificates representing such shares of Underlying Common Stock may be stamped or otherwise imprinted with a legend, and the Warrant Register may include a restrictive notation with respect to such Warrants, in substantially the
following form: 
 “[THESE WARRANTS AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF] [THE SECURITIES REPRESENTED BY THIS
CERTIFICATE] HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT OR AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.” 
 In the
event that such shares of Underlying Common Stock are uncertificated, such shares shall be subject to a restrictive notation substantially similar to such legend in the stock ledger or other appropriate records maintained by the Company or its
transfer agent. 
 In addition to the foregoing, the shares of Underlying Common Stock shall be stamped or otherwise imprinted with such
legends (or, with respect to uncertificated shares of Underlying Common Stock, shall be subject to such restrictive notations) as may be required by the Certificate of Incorporation or as may be required to comply with any law or with any
rule or regulation pursuant thereto or with any rule or regulation of any securities exchange on which the shares of Underlying Common Stock may be listed. 

(d) Any legend or restrictive notation referenced in Sections 2.1 or 3.6(c) shall be removed from the Warrant
Register, Warrant Certificates or certificates evidencing shares of Underlying Common Stock (or, in the case of uncertificated shares, from the appropriate records) at any time after the restrictions described in such legend or restrictive notation
cease to be applicable, provided that the Company may request from any Holder opinions, certificates or other evidence that such restrictions have ceased to be applicable before removing such legend or restrictive notation. 

 

	4.	ADJUSTMENTS AND OTHER RIGHTS. 

 4.1 Stock Dividend; Subdivision or Combination
of Common Stock. If the Company at any time issues to holders of the Common Stock a dividend payable solely in, or other distribution solely of, Common Stock (a “Stock Dividend”), the Exercise Price in effect at the close of
business on the record date for such dividend or distribution shall be reduced 

  
 -9- 

 
immediately thereafter to the price determined by multiplying such Exercise Price by the quotient of (x) the number of shares of Common Stock outstanding at the close of business on such
record date divided by (y) the sum of such number of shares and the total number of shares constituting such dividend or other distribution. If the Company at any time subdivides or combines (by stock split, reverse stock split,
recapitalization or otherwise) the outstanding Common Stock into a greater or smaller number of shares, the Exercise Price in effect immediately prior to the time of effectiveness of such subdivision or combination shall be adjusted at such time of
effectiveness to the price determined by multiplying such Exercise Price by the quotient of (x) the number of shares of Common Stock outstanding immediately prior to such time of effectiveness divided by (y) the number of shares of Common
Stock outstanding at the time of effectiveness of and after giving effect to such subdivision or combination. In any such event referred to in this Section 4.1, the number of shares of Common Stock issuable upon exercise of each Warrant
as in effect immediately prior to the Exercise Price adjustment contemplated by the foregoing shall be adjusted immediately thereafter to the amount determined by multiplying such number by the quotient of (x) the Exercise Price in effect
immediately prior to such Exercise Price adjustment divided by (y) the Exercise Price determined in accordance with such Exercise Price adjustment. 

4.2 Other Dividends and Distributions. If at any time the Company shall fix a record date for the making of a dividend or other
distribution (other than (i) as contemplated by Section 4.5, (ii) a Stock Dividend covered by Section 4.1 or (iii) a distribution of rights or warrants covered by Section 4.3), to the holders of its
Common Stock (each, a “Distribution”) of: 
  

	 	(A)	any evidences of its indebtedness, any shares of its capital stock or any other securities or property of any nature whatsoever (including cash); or 

 

	 	(B)	any options, warrants or other rights to subscribe for or purchase any of the foregoing; 

 then, in each such
case, the Exercise Price in effect immediately prior to the close of business on such record date shall be reduced immediately thereafter to the price determined by multiplying such Exercise Price by the quotient of (x) the Fair Market Value of
the Common Stock on the last trading day immediately preceding the first date on which the Common Stock trades regular way on the principal national securities exchange or quotation system on which the Common Stock is listed or admitted to trading
without the right to receive such Distribution, minus the amount of cash and/or the Fair Market Value of the securities, evidences of indebtedness, assets, rights or warrants to be so distributed in respect of one share of Common Stock divided by
(y) the Fair Market Value of the Common Stock on the last trading day immediately preceding the first date on which the Common Stock trades regular way on the principal national securities exchange or quotation system on which the Common Stock
is listed or admitted to trading without the right to receive such Distribution; such adjustment shall be made successively whenever such a record date is fixed. In such event, the number of shares of Common Stock issuable upon the exercise of each
Warrant as in effect immediately prior to the close of business on such record date shall be increased immediately thereafter to the amount determined by multiplying such number by the quotient of (x) the Exercise Price in effect immediately
prior to the adjustment contemplated by the immediately preceding sentence divided by (y) the new Exercise Price determined in accordance with the immediately preceding sentence. If the 

  
 -10- 

 
Distribution includes Common Stock as well as other property referred to in Section 4.2(A) or (B), then instead of adjusting for the entire Distribution under this
Section 4.2 the Common Stock portion of such Distribution shall be treated as a Stock Dividend that results in an adjustment to the Exercise Price and number of shares of Common Stock issuable upon exercise of each Warrant under
Section 4.1 of this Agreement and the other property distributed in such Distribution shall result in a further adjustment to such adjusted Exercise Price and number of shares under this Section 4.2. In the event that such
Distribution is not so made, the Exercise Price and the number of shares of Common Stock issuable upon exercise of each Warrant then in effect shall be readjusted, effective as of the date when the Board determines not to distribute such shares,
evidences of indebtedness, assets, rights, cash or warrants, as the case may be, to the Exercise Price that would then be in effect and the number of Shares that would then be issuable upon exercise of such Warrant if such record date had not been
fixed. 
 4.3 Rights Offerings. If at any time the Company shall: (i) distribute rights or warrants to all or substantially all
holders of its Common Stock entitling them, for a period of not more than forty-five (45) days, to subscribe for or purchase shares of Common Stock at a price per share less than the Fair Market Value of the Common Stock on the last trading day
preceding the date on which the Board declares such distribution of rights or warrants or (ii) issue or sell to any Person shares of Common Stock at a price per share less than the Fair Market Value of the Common Stock on such date of issuance
or sale,, the Exercise Price in effect immediately prior to the close of business on the record date for such distribution or the date of such issuance or sale shall be reduced immediately thereafter to the price determined by multiplying such
Exercise Price by the quotient of (x) the number of shares of Common Stock outstanding at the close of business on such record date or the date of such issuance or sale plus the number of shares of Common Stock which the aggregate of the
offering price of the total number of shares of Common Stock so offered for subscription or purchase, or issued or sold, would purchase at such Fair Market Value divided by (y) the number of shares of Common Stock outstanding at the close of
business on such record date or the date of such issuance or sale plus the number of shares of Common Stock so offered for subscription or purchase, or issued or sold. In such event, the number of shares of Common Stock issuable upon the exercise of
each Warrant as in effect immediately prior to the close of business on such record date or the date of such issuance or sale shall be increased immediately thereafter to the amount determined by multiplying such number by the quotient of
(x) the Exercise Price in effect immediately prior to the adjustment contemplated by the immediately preceding sentence divided by (y) the new Exercise Price determined in accordance with the immediately preceding sentence. In case any
rights or warrants referred to in this Section 4.3 in respect of which an adjustment shall have been made shall expire unexercised and any shares that would have been underlying such rights or warrants shall not have been allocated
pursuant to any backstop commitment or any similar arrangement, the Exercise Price and the number of shares of Common Stock issuable upon exercise of each Warrant then in effect shall be readjusted at the time of such expiration to the Exercise
Price that would then be in effect and the number of Shares that would then be issuable upon exercise of each Warrant if no adjustment had been made on account of such expired rights or warrants. 

4.4 Issuer Tender or Exchange Offers. If the Company or any subsidiary of the Company shall consummate a tender or exchange offer for
all or any portion of the Common Stock for a consideration per share with a Fair Market Value greater than the Fair Market Value of the Common Stock on the date such tender or exchange offer is first publicly announced (the 

  
 -11- 

 
“Announcement Date”), the Exercise Price in effect immediately prior to the expiration date for such tender or exchange offer shall be reduced immediately thereafter to the price
determined by multiplying such Exercise Price by the quotient of (x) the Fair Market Value of the Common Stock on the Announcement Date minus the Premium Per Post-Tender Share divided by (y) the Fair Market Value of the Common Stock on the
Announcement Date. In such event, the number of shares of Common Stock issuable upon the exercise of each Warrant as in effect immediately prior to such expiration date shall be increased immediately thereafter to the amount determined by
multiplying such number by the quotient of (x) the Exercise Price in effect immediately prior to the adjustment contemplated by the immediately preceding sentence divided by (y) the new Exercise Price determined in accordance with the
immediately preceding sentence. As used in this Section 4.4 with respect to any tender or exchange offer, “Premium Per Post-Tender Share” means the quotient of (x) the amount by which the aggregate Fair Market Value
of the consideration paid in such tender or exchange offer exceeds the aggregate Fair Market Value on the Announcement Date of the shares of Common Stock purchased therein divided by (y) the number of shares of Common Stock outstanding at the
close of business on the expiration date for such tender or exchange offer (after giving pro forma effect to the purchase of shares being purchased in the tender or exchange offer). 

4.5 Reorganization, Reclassification, Consolidation, Merger or Sale. Prior to the consummation of any Organic Change, the Company shall
make appropriate provision to ensure that each Holder of Warrants shall thereafter have the right to acquire and receive upon exercise of its Warrants, in lieu of or in addition to (as the case may be) the Common Stock immediately theretofore
issuable upon the exercise of such Holder’s Warrants, such Consideration as may be issued or payable in connection with such Organic Change with respect to or in exchange for such Common Stock (but not including Consideration with respect to
which the Company has exercised its cash redemption right pursuant to Article 5), for an aggregate Exercise Price per Warrant equal to the aggregate Exercise Price per Warrant as in effect immediately prior to such Organic Change. In any such
case, the Company shall make appropriate provision to ensure that all of the provisions of the Warrants shall thereafter be applicable to such Consideration. The Company shall not effect any such Organic Change unless, prior to the consummation
thereof, (i) the successor entity (if other than the Company) resulting from such Organic Change or the entity purchasing such assets assumes by written instrument all the Company’s obligations under this Agreement and the Warrants and
(ii) the Company provides written notice of such assumption to the Warrant Agent. If the holders of Common Stock have the opportunity to make any election with respect to the Consideration to be received in connection with an Organic Change,
the Consideration applicable to the Warrants pursuant to this Section 4.5 shall be determined by reference to the weighted average of the types and amounts of Consideration received in such transaction in respect of shares of Common
Stock held by holders who are not Affiliates of the Company or any entity acquiring the Company. 
 4.6 Other Adjustments. The Board
shall make appropriate adjustments to the amount of cash or number of shares of Common Stock, as the case may be, due upon exercise of the Warrants, as may be necessary or appropriate to effectuate the intent of this Article 4 and to
avoid unjust or inequitable results as determined in its reasonable good-faith judgment, in each case to account for any adjustment to the Exercise Price and the number of shares purchasable on exercise of Warrants that becomes effective, or any
event requiring an adjustment to the Exercise Price and the number of shares issuable on exercise of Warrants where the record date or 

  
 -12- 

 
effective date (in the case of a subdivision or combination of the Common Stock) of such event occurs, during the period beginning on, and including, the relevant Exercise Date and ending on, and
including, the relevant Settlement Date. 
 4.7 Notice of Adjustment. Whenever the number of shares of Common Stock issuable upon the
exercise of each Warrant is adjusted, as herein provided, the Company shall cause the Warrant Agent promptly to mail by first class mail, postage prepaid, to each Holder of Warrants notice of such adjustment or adjustments and shall promptly deliver
to the Warrant Agent a certificate of a firm of independent public accountants selected by the Board (who may be the regular accountants employed by the Company) setting forth the adjusted Exercise Price, the number of shares of Common Stock
issuable upon the exercise of each Warrant after such adjustment, a brief statement in reasonable detail of the facts requiring such adjustment and the computation by which such adjustment was made. The Warrant Agent shall be fully protected in
relying on such certificate, and on any adjustment contained therein, and shall not be deemed to have any knowledge of such adjustment unless and until it shall have received such certificate, and shall be under no duty or responsibility with
respect to any such certificate, except to exhibit the same from time to time, to any Holder desiring an inspection thereof during reasonable business hours. The Warrant Agent shall not at any time be under any duty or responsibility to any Holders
to determine whether any facts exist that may require any adjustment of the number of shares of Common Stock or other stock or property issuable on exercise of the Warrants, or with respect to the nature or extent of any such adjustment when made,
or with respect to the method employed in making such adjustment or the validity or the value, kind or amount of any shares of Common Stock or other stock or property which may be issuable on exercise of the Warrants, or to investigate or confirm
whether the information contained in the above referenced certificate complies with the terms of this Agreement or any other document. The Warrant Agent shall not be responsible for any failure of the Company to make any cash payment or to issue,
transfer or deliver any shares of Common Stock or security instruments or other securities or properties upon the exercise of any Warrant. Notwithstanding anything to the contrary in this Section 4.7, the failure to deliver any notice
under this Section 4.7 or any defect therein shall not affect the validity of any corporate action required to be described in such notice. For the avoidance of doubt, no such notice shall supersede or limit any adjustment otherwise
required under this Agreement by reason of any event as to which notice is required under this Section 4.7. 
 4.8
Restrictions on Adjustments. 
 (a) Neither the Exercise Price nor the number of shares of Common Stock issuable upon exercise of any
Warrant shall be adjusted upon: (i) the issuance of any securities by the Company on the Effective Date and pursuant to the Plan; (ii) the issuance of any shares of Common Stock pursuant to any present or future plan providing for the
reinvestment of dividends or interest payable on the Company’s securities and the investment of additional optional amounts in shares of Common Stock under any plan; (iii) the issuance of securities by the Company to employees, officers,
directors or consultants of the Company or its subsidiaries pursuant to management or director incentive plans or stock or stock option compensation plans, including pursuant to any employment, severance or consulting agreements; or (iv) a
change in par value of the Common Stock. 

  
 -13- 

 (b) In no event shall the Company adjust the Exercise Price or make a corresponding adjustment to
the number of shares of Common Stock issuable upon exercise of any Warrant to the extent that the adjustment would reduce the Exercise Price below the par value per share of the Common Stock. 

(c) Until the date that is six (6) months prior to the Expiration Date, no adjustment shall be made to the Exercise Price or the number
of shares of Common Stock issuable upon exercise of any Warrant pursuant to this Article 4 if such adjustment would result in a change of less than 1 percent in the Exercise Price, unless the Company so elects; provided, however, that
any adjustment that would have been made but for this Section 4.8(c) shall be carried forward and shall be made on the earlier of (i) the next adjustment to the Exercise Price or to the number of shares of Common Stock issuable upon
exercise of the Warrants pursuant to this Article 4, (ii) as soon as such unmade adjustment, together with any other adjustments not previously made by reason of this Section 4.8(c), would result in a change of at least 1
percent in the Exercise Price or (iii) the date that is six (6) months prior to the Expiration Date. 
  

	5.	CASH REDEMPTION RIGHT. 

 5.1 Cash Redemption in Connection with Organic
Change. In connection with an Organic Change, the Company may by written notice to the Holders not less than ten (10) Business Days prior to the effective date of such Organic Change elect the following treatment with respect to each
outstanding Warrant: (i) the Company shall pay to the Holder of such Warrant as of the date of such Organic Change the Fair Market Value of any Consideration, other than Public Stock, received in connection with such Organic Change with respect
to or in exchange for the number of shares of Common Stock immediately theretofore acquirable and receivable upon exercise of such Warrant, which amount shall be paid in immediately available funds, not later than the date which is ten
(10) Business Days after the effective date of such Organic Change, and (ii) to the extent the Consideration received in connection with such Organic Change with respect to or in exchange for shares of Common Stock includes Public Stock,
such Warrant shall remain outstanding after such Organic Change, as further adjusted pursuant to Section 4.5 and the other provisions of Article 4. 

5.2 Warrant Agent. The Warrant Agent shall have no duty or obligation to make any payment required under this Article 5
unless and until it has been provided with available cash. 
  

	6.	EXCHANGE AND TRANSFER OF WARRANTS. 

 6.1 Warrant Register. The Company
shall cause to be kept at the office of the Warrant Agent designated for such purpose a register in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of the Warrants and of transfers or
exchanges of outstanding Warrants as herein provided (the “Warrant Register”). 
 6.2 Transfer or Exchange of
Warrants. The Warrant Agent shall, in accordance with the terms of this Agreement, from time to time register the transfer of outstanding Warrants in the Warrant Register, or exchange outstanding Warrants for an equal number of Warrants of other
authorized denominations, upon delivery to the Warrant Agent, at its office designated for such purpose, of a written instrument of transfer or exchange in the form attached hereto as 

  
 -14- 

 
Exhibit C or otherwise satisfactory to the Warrant Agent, duly completed and executed by the Holder thereof or by its attorney duly authorized in writing, and upon payment of any
charges provided herein, and, with respect to the transfer of a Warrant Certificate, upon surrender to the Warrant Agent of such Warrant Certificate, duly endorsed. Upon any such registration of transfer, a new Warrant Certificate or a Warrant
Statement, as the case may be, shall be issued to the transferee. Neither the Company nor the Warrant Agent will be liable or responsible for any registration or transfer of any Warrants that are registered or to be registered in the name of a
fiduciary or the nominee of a fiduciary. 
 6.3 Treatment of Registered Holders. Each Holder of a Warrant, by accepting the same,
consents and agrees with the Company, the Warrant Agent and every subsequent Holder of such Warrant that, prior to registration of transfer or exchange of any Warrant in accordance with the procedures set forth in this Agreement, the Company and the
Warrant Agent may treat the Person in whose name any Warrant is registered upon the Warrant Register as the absolute owner thereof for all purposes, notwithstanding any notice to the contrary. 

6.4 Exchange of a Warrant Certificate for a Beneficial Interest in Warrants Held Through Depositary. Upon surrender to the Warrant
Agent of a Warrant Certificate, and receipt by the Warrant Agent of appropriate instruments of transfer with respect thereto, in form satisfactory to the Warrant Agent, together with written instructions directing the Warrant Agent to reflect on the
Warrant Register an increase in the number of Warrants held by the Depositary equal to the number of Warrants represented by such Warrant Certificate, the Warrant Agent shall, in accordance with this Agreement, cancel such Warrant Certificate on the
Warrant Register and cause, or direct the Depositary to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Warrant Agent, the number of Warrants held by the Depositary, as registered on the
Warrant Register, to be increased accordingly. Notwithstanding anything to the contrary in this Section 6.4, Warrants represented by a Warrant Certificate may not be exchanged for Book-Entry Warrants until the legend set forth in
Section 3.6 has ceased to be applicable, provided that the Company may reasonably request from any Holder opinions, certificates or other evidence that such legend has ceased to be applicable. 

6.5 Obligations with Respect to Transfers and Exchanges of Warrants. 

(a) All Warrants issued upon any registration of transfer or exchange thereof shall be the valid obligations of the Company, evidencing the
same obligations, and entitled to the same benefits under this Agreement, as the Warrants surrendered for such registration of transfer or exchange. 

(b) No service charge shall be made to a Holder for any registration of transfer or exchange of Warrants. The Company may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Warrants. The Warrant Agent shall have no duty under this Section or any Section of this
Agreement requiring the payment of taxes and other governmental charges unless and until it is satisfied that all such taxes and/or governmental charges have been paid. The Warrant Agent shall be deemed satisfied if it receives a certificate from
the Company stating that all required taxes and governmental charges have been paid. 

  
 -15- 

 6.6 Lost, Stolen or Destroyed Warrant Certificates. If at any time the Warrants are
represented by certificates, the Warrant Agent shall issue replacement Warrant certificates for those certificates alleged to have been lost, stolen or destroyed, upon receipt by the Warrant Agent of an open penalty surety bond satisfactory to it
and holding it and the Company harmless, absent notice to the Warrant Agent that such certificates have been acquired by a bona fide purchaser. The Warrant Agent may, at its option, issue replacement Warrant certificates for mutilated certificates
upon presentation thereof without such indemnity. 
  

	7.	WARRANT HOLDERS. 

 7.1 No Rights as Shareholder. Prior to the exercise of
Warrants in accordance with this Agreement, no Holder of a Warrant shall be entitled to any rights of a shareholder of the Company, including, without limitation, the right to vote, to consent, to exercise any preemptive right, to receive any notice
of meetings of shareholders for the election of directors of the Company or any other matter or to receive any notice of any proceedings of the Company, other than as expressly provided herein or as otherwise agreed in writing by the Company. 

7.2 Right of Action. All rights of action in respect of this Agreement are vested in the Holders of the Warrants, and any Holder of
Warrants, without the consent of the Warrant Agent or the Holder of any other Warrant, may, on such Holder’s own behalf and for such Holder’s own benefit, enforce, and may institute and maintain any suit, action or proceeding against the
Company suitable to enforce, or otherwise in respect of, such Holder’s right to exercise or exchange such Holder’s Warrants in the manner provided in this Agreement or any other obligation of the Company under this Agreement. 

 

	8.	WARRANT AGENT 

 8.1 Nature of Duties and Responsibilities Assumed. The Company
hereby appoints the Warrant Agent to act as agent of the Company as expressly set forth in this Agreement. The Warrant Agent hereby accepts such appointment as agent of the Company and agrees to perform that agency upon the express terms and
conditions herein set forth (and no implied terms), by all of which the Company and the Holders, by their acceptance thereof, shall be bound. The Warrant Agent shall not by countersigning Warrant Certificates or Warrant Statements or by any other
act hereunder be deemed to make any representations as to the validity or authorization of the Warrants, the Warrant Certificates or Warrant Statements (except as to its countersignature thereon) or of any securities or other property delivered upon
exercise or tender of any Warrant, or as to the accuracy of the computation of the Exercise Price or the number or kind or amount of stock or other securities or other property deliverable upon exercise of any Warrant, the independence of any
Independent Financial Expert or the correctness of the representations of the Company made in such certificates that the Warrant Agent receives. The Warrant Agent shall not have any duty to calculate or determine any adjustments with respect to the
Exercise Price and the Warrant Agent shall have no duty or responsibility in determining the accuracy or correctness of such calculation. The Warrant Agent shall not (a) be liable for any recital or statement of fact contained herein or in the
Warrant Certificates or Warrant Statements or for any action taken, suffered or omitted to be taken by it in good faith on the belief that any Warrant Certificate or Warrant Statement or any other documents or any signatures are genuine or properly
authorized, (b) be responsible for any failure on the part of the Company to comply 

  
 -16- 

 
with any of its covenants and obligations contained in this Agreement or in the Warrant Certificates, or (c) be liable for any act or omission in connection with this Agreement except for
its own gross negligence, willful misconduct or bad faith (as each is determined by a final, non-appealable judgment of a court of competent jurisdiction). 

The Warrant Agent may execute and exercise any of the rights and powers hereby vested in it or perform any duty hereunder either itself or by
or through its attorneys, agents or employees, provided reasonable care has been exercised in the selection and in the continued employment of any such attorney, agent or employee. The Warrant Agent shall not be under any obligation or duty to
institute, appear in or defend any action, suit or legal proceeding in respect hereof, unless first indemnified to its satisfaction, but this provision shall not affect the power of the Warrant Agent to take such action as the Warrant Agent may
consider proper, whether with or without such indemnity. The Warrant Agent shall promptly notify the Company in writing of any claim made or action, suit or proceeding instituted against it arising out of or in connection with this Agreement. 

The Company will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further
acts, instruments and assurances as may reasonably be required by the Warrant Agent in order to enable it to carry out or perform its duties under this Agreement. The Warrant Agent shall be protected and shall incur no liability for or in respect of
any action taken or thing suffered by it in reliance upon any notice, direction, consent, certificate, affidavit, statement or other paper or document reasonably believed by it to be genuine and to have been presented or signed by the proper
parties. 
 The Warrant Agent shall act solely as agent of the Company hereunder and does not assume any obligation or relationship of
agency or trust with any of the owners or Holders of the Warrants or Underlying Common Stock. The Warrant Agent shall not be liable except for the failure to perform such duties as are specifically set forth herein, and no implied covenants or
obligations shall be read into this Agreement against the Warrant Agent, whose duties and obligations shall be determined solely by the express provisions hereof. Notwithstanding anything contained herein to the contrary, the Warrant Agent’s
aggregate liability during the term of this Agreement with respect to, arising from, or arising in connection with this Agreement, or from all services provided or omitted to be provided under this Agreement, whether in contract, or in tort, or
otherwise, is limited to, and shall not exceed, the amounts paid hereunder by the Company to the Warrant Agent as fees and charges, but not including reimbursable expenses, during the twelve (12) months immediately preceding the event for which
recovery from the Warrant Agent is being sought. 
 Whenever in the performance of its duties under this Agreement the Warrant Agent deems
it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter may be deemed to be conclusively proved and established by a certificate signed by any
authorized officer of the Company and delivered to the Warrant Agent; and such certificate will constitute full authorization to the Warrant Agent for any action taken, suffered or omitted by it under the provisions of this Agreement in reliance
upon such certificate. The Warrant Agent is hereby authorized and directed to accept instructions with respect to the performance of its duties hereunder from any one of the authorized officers of the Company, and to apply to such officers

  
 -17- 

 
for advice or instructions in connection with its duties, and may (at its own expense) consult with legal counsel with respect to any matter arising in connection with the services to be
performed by the Warrant Agent under this Agreement. The Warrant Agent and its agents and subcontractors shall not be liable and shall be indemnified by the Company for any action taken or omitted by the Warrant Agent in good-faith reliance upon any
Company instructions or upon the advice or opinion of counsel (including counsel to the Company). The Warrant Agent shall not be held to have notice of any change of authority of any person, until receipt of written notice thereof from the Company.

 The Warrant Agent will not be under any duty or responsibility to insure compliance with any applicable federal or state securities laws
in connection with the issuance, transfer or exchange of Warrants, except to the extent set forth in this Agreement. 
 The Warrant Agent
shall have no duties, responsibilities or obligations as the Warrant Agent except those which are expressly set forth herein, and in any modification or amendment hereof to which the Warrant Agent has consented in writing, and no duties,
responsibilities or obligations shall be implied or inferred. Without limiting the foregoing, unless otherwise expressly provided in this Agreement, the Warrant Agent shall not be subject to, nor be required to comply with, or determine if any
person or entity has complied with, any other agreement between or among the parties hereto, even though reference thereto may be made in this Warrant Agreement, or to comply with any notice, instruction, direction, request or other communication,
paper or document other than as expressly set forth in this Warrant Agreement. 
 In the event the Warrant Agent believes any ambiguity or
uncertainty exists hereunder or in any notice, instruction, direction, request or other communication, paper or document received by the Warrant Agent hereunder, the Warrant Agent, may, in its sole discretion, refrain from taking any action, and
shall be fully protected and shall not be liable in any way to the Company or any Holder or other person or entity for refraining from taking such action, unless the Warrant Agent receives written instructions signed by the Company which eliminate
such ambiguity or uncertainty to the satisfaction of the Warrant Agent. 
 8.2 Compensation and Reimbursement; Indemnification. The
Company agrees to pay to the Warrant Agent from time to time compensation for all services rendered by it hereunder in accordance with Schedule A hereto and as the Company and the Warrant Agent may agree from time to time, and to
reimburse the Warrant Agent for reasonable expenses and disbursements actually incurred in connection with the preparation, delivery, negotiation, amendment, execution and administration of this Agreement (including the reasonable compensation and
out of pocket expenses of its counsel). The Company covenants and agrees to indemnify and to hold the Warrant Agent harmless against any costs, expenses (including reasonable fees of its legal counsel), losses or damages, which may be paid, incurred
or suffered by or to which it may become subject, arising from or out of, directly or indirectly, any claims or liability resulting from its actions as the Warrant Agent pursuant hereto; provided that such covenant and agreement does not
extend to, and the Warrant Agent shall not be indemnified with respect to, such costs, expenses, losses and damages incurred or suffered by the Warrant Agent as a result of, or arising out of, its gross negligence, bad faith, or willful misconduct.

  
 -18- 

 8.3 Indemnification (Instructions). From time to time, the Company may provide the Warrant
Agent with instructions concerning the services performed by the Warrant Agent hereunder. In addition, at any time, the Warrant Agent may apply to any officer of the Company for instruction, and may (at its own expense) consult with legal counsel
with respect to any matter arising in connection with the services to be performed by the Warrant Agent under this Agreement. The Warrant Agent and its agents and subcontractors shall not be liable and shall be indemnified by the Company for any
action taken or omitted by the Warrant Agent in reliance upon any Company instructions or upon the advice or opinion of counsel (including counsel to the Company). The Warrant Agent shall not be held to have notice of any change of authority of any
person, until receipt of written notice thereof from the Company. 
 8.4 Warrant Agent May Hold Company Securities. The Warrant
Agent and any shareholder, director, officer or employee of the Warrant Agent may buy, sell or deal in any of the Warrants or other securities of the Company or its Affiliates or become pecuniarily interested in transactions in which the Company or
its Affiliates may be interested, or contract with or lend money to the Company or its Affiliates or otherwise act as fully and freely as though it were not the Warrant Agent under this Agreement. Nothing herein shall preclude the Warrant Agent from
acting in any other capacity for the Company or for any other legal entity. 
 8.5 Resignation and Removal; Appointment of Successor.
(a) No resignation or removal of the Warrant Agent and no appointment of a successor warrant agent shall become effective until the acceptance of such appointment by the successor warrant agent as provided herein. The Warrant Agent may resign
its duties and be discharged from all further duties and liability hereunder (except liability arising as a result of the Warrant Agent’s own gross negligence, willful misconduct or bad faith) after giving written notice to the Company at least
thirty (30) days prior to the date such resignation will become effective. The Company may remove and replace the Warrant Agent at any time upon written notice provided at least thirty (30) days prior to the date of such removal, and the
Warrant Agent shall thereupon in like manner be discharged from all further duties and liabilities hereunder, except as aforesaid. The Warrant Agent shall, at the Company’s expense, cause to be mailed (by first-class mail, postage prepaid) to
each Holder of a Warrant at its last address as shown on the Warrant Register a copy of said notice of resignation or notice of removal, as the case may be. Upon such resignation or removal, the Company shall appoint in writing a new warrant agent.
Any new warrant agent shall be a reputable bank, trust company or transfer agent doing business under the laws of the United States or any state thereof, in good standing and having a combined capital and surplus of not less than $50,000,000. The
combined capital and surplus of any such new warrant agent shall be deemed to be the combined capital and surplus as set forth in the most recent annual report of its condition published by such warrant agent prior to its appointment,
provided that such reports are published at least annually pursuant to law or to the requirements of a Federal or state supervising or examining authority. After acceptance in writing of such appointment by the new warrant agent, it shall be
vested with the same powers, rights, duties and responsibilities as if it had been originally named herein as the Warrant Agent, without any further assurance, conveyance, act or deed; but if for any reason it shall be necessary or expedient to
execute and deliver any further assurance, conveyance, act or deed, the same shall be done at the expense of the Company and shall be legally and validly executed and delivered by the resigning or removed Warrant Agent. Not later than the effective
date of any such appointment, the Company shall give notice thereof to the resigning or removed Warrant Agent. Failure to give 

  
 -19- 

 
any notice provided for in this Section 8.5(a), however, or any defect therein, shall not affect the legality or validity of the resignation or removal of the Warrant Agent or the
appointment of a new warrant agent, as the case may be. 
 (b) Any Person into which the Warrant Agent or any new warrant agent may be
merged, or any Person resulting from any consolidation to which the Warrant Agent or any new warrant agent shall be a party, or any Person to which the Warrant Agent or any new warrant agent shall sell or otherwise transfer all or substantially all
the assets and business of the Warrant Agent or any new warrant agent, shall be a successor warrant agent under this Agreement without any further act, provided that such Person would be eligible for appointment as a new Warrant Agent under
the provisions of Section 8.5(a). Any such successor warrant agent shall promptly cause notice of succession as Warrant Agent to be mailed (by first-class mail, postage prepaid) to each Holder of a Warrant at such Holder’s last
address as shown on the Warrant Register. 
 8.6 Damages. No party to this Agreement shall be liable to any other party for any
consequential, indirect, punitive, special or incidental damages under any provision of this Agreement or for any consequential, indirect, punitive, special or incidental damages arising out of any act or failure to act hereunder even if that party
has been advised of or has foreseen the possibility of such damages. 
 8.7 Force Majeure. Notwithstanding anything to the contrary
contained herein, the Warrant Agent will not be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or
malfunctions, interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest. 

8.8 Survival. The provisions of this Article 8 shall survive the termination of this Warrant Agreement and the resignation
or removal of the Warrant Agent. 
  

	9.	REPRESENTATIONS AND WARRANTIES. 

 The Company represents and warrants to the
Warrant Agent that the issuance of the Warrants and the shares of Underlying Common Stock shall be exempt from registration under the Securities Act and all applicable state securities laws, and that the Warrants and shares of Underlying Common
Stock shall be validly issued, fully paid and non-assessable. 
  

	10.	COVENANTS. 

 10.1 Exchange Listing. If at any time the Common Stock shall
be listed on any national securities exchange or automated quotation system, the Company shall use reasonable best efforts to list the Underlying Common Stock, and maintain such listing, on the principal exchange or automated quotation system on
which the then outstanding Common Stock is listed or, if not possible, another national securities exchange or automated quotation system. 

10.2 Reservation of Common Stock for Issuance on Exercise of Warrants. The Company covenants that it will at all times reserve and keep
available, free from preemptive 

  
 -20- 

 
rights, out of its authorized but unissued Common Stock, solely for the purpose of issuance upon exercise of Warrants as herein provided, such number of shares of Common Stock as shall then be
issuable upon the exercise of all Warrants issuable hereunder plus such number of shares of Common Stock as shall then be issuable upon the exercise of other outstanding warrants, options and rights (whether or not vested), the settlement of any
forward sale, swap or other derivative contract, and the conversion of all outstanding convertible securities or other instruments convertible into Common Stock or rights to acquire Common Stock, and the Company’s transfer agent is hereby
irrevocably authorized and directed at all times to reserve such number of authorized and unissued shares or treasury shares of Common Stock as shall be required for such purpose. If at any time prior to the Expiration Date the number and kind of
authorized but unissued shares or treasury shares of the Company’s capital stock shall not be sufficient to permit exercise in full of the Warrants, the Company will use its reasonable best efforts to promptly take such corporate action as may,
in the opinion of counsel, be necessary to increase the Company’s authorized but unissued shares or treasury shares to such number of shares of Common Stock as shall be sufficient for such purposes; provided, however, that the foregoing shall
in no way limit the obligations of the Company with respect to the covenants set forth in the first sentence of this Section 10.2. The Company covenants that all shares of Common Stock which shall be issuable under this Agreement shall,
upon such issue, be duly authorized, validly issued, fully paid and non-assessable, and free from all taxes, liens, charges and security interests created by or imposed upon the Company with respect to the issuance thereof. 

10.3 Notice of Certain Events. To the extent not given (on or before the time period required below) by any statement or other notice
delivered or required to be delivered pursuant to this Agreement, and excluding any event of which notice is required to be given pursuant to Article 4, the Company shall cause the Warrant Agent promptly to give notice, by first class mail,
postage prepaid, to each Holder of Warrants if any of the following events shall occur: 
 (a) the Company shall authorize the payment of
any dividend or distribution (other than a dividend to which adjustments set forth in this Agreement apply) to all holders of Common Stock; or 

(b) the Company shall authorize the issuance to all holders of Common Stock of any additional securities or the distribution of rights,
options or warrants to subscribe for or purchase any securities (other than a Stock Dividend or distribution of rights or warrants to which the adjustments set forth in this Agreement apply); or 

(c) any Organic Change shall occur or shall be authorized by the Company. 

Such giving of notice shall be initiated at least ten (10) Business Days prior to the date fixed as a record date or effective date or
the date of closing of the Company’s stock transfer books for the determination of the shareholders entitled to such dividend, distribution or issuance or, if applicable, for the determination of shareholders entitled to vote on such Organic
Change. With respect to an Organic Change for which no shareholder vote is to be held, such giving of notice shall be initiated not later than the date which is five (5) Business Days after such Organic Change. Such notice shall specify such
record date or the date of closing of the stock transfer books, or date of such Organic Change, as the case may be. Failure to provide such notice shall not affect the validity of any action taken in connection with such dividend, distribution,
issuance, Organic Change or other event. 

  
 -21- 

 10.4 Further Assurances. The Company shall perform, acknowledge and deliver or cause to be
performed, acknowledged and delivered all such further and other acts, documents, instruments and assurances as may be reasonably required by the Warrant Agent for the carrying out or performing by the Warrant Agent of the provisions of this
Agreement. 
  

	11.	GENERAL PROVISIONS. 

 11.1 Money and Other Property Deposited with the Warrant
Agent. Any moneys, securities or other property which at any time shall be deposited by the Company or on its behalf with the Warrant Agent pursuant to this Agreement shall be and are hereby assigned, transferred and set over to the Warrant
Agent in trust for the purpose for which such moneys, securities or other property shall have been deposited; but such moneys, securities or other property need not be segregated from other funds, securities or other property except to the extent
required by law. The Warrant Agent shall distribute any money deposited with it for payment and distribution to a Holder to an account designated by such Holder in such amount as is appropriate. Any money deposited with the Warrant Agent for payment
and distribution to the Holders that remains unclaimed for two (2) years after the date the money was deposited with the Warrant Agent shall be paid to the Company. The Warrant Agent shall not be under any liability for interest on any monies
at any time received by it pursuant to any of the provisions of this Agreement. 
 11.2 Confidentiality. The Warrant Agent and the
Company agree that all books, records, information and data pertaining to the business of the other party, including inter alia, personal, non-public Holder information, which are exchanged or received pursuant to the negotiation or the
carrying out of this Agreement including the fees for services set forth in the Schedule A attached to this Agreement shall remain confidential, and shall not be voluntarily disclosed to any other person, except as may be required by law, including,
without limitation, pursuant to subpoenas from state or federal government authorities (e.g., in divorce and criminal actions). 
 11.3
Surrender of Certificates. Any Warrant Certificate surrendered to the Company pursuant to this Agreement be delivered to the Warrant Agent, and all Warrant Certificates surrendered or so delivered to the Warrant Agent shall be promptly
cancelled by the Warrant Agent and shall not be reissued by the Company. The Warrant Agent shall destroy such cancelled Warrant Certificates. 

11.4 Payment of Taxes. The Company shall pay all documentary, transfer, stamp and other similar taxes that may be imposed in respect of
the issuance or delivery of the Warrants or in respect of the issuance or delivery by the Company of any securities upon exercise of the Warrants with respect thereto. The Company shall not be required, however, to pay any tax or other charge
imposed in connection with any transfer involved in the issue of any Warrants, certificate for shares of Common Stock or other property underlying the Warrants or payment of cash to any Person other than the Holder of a Warrant upon the exercise or
redemption thereof, and in case of such transfer or payment, the Warrant Agent and the Company shall not be required to issue any security or to pay any cash until such tax or charge has been paid or it has 

  
 -22- 

 
been established to the Warrant Agent’s and the Company’s satisfaction that no such tax or other charge is due. The Company and each Initial Warrantholder agree that neither the
issuance nor exercise of the Warrants is governed by Section 83(a) of the Code or otherwise a compensatory transaction, and the Company agrees that it will not deduct any amount as compensation in connection with such issuance or exercise
for federal income tax purpose. 
 11.5 Notices. 

(a) Any notice, demand or delivery authorized by this Agreement shall be sufficiently given or made when sent if sent by first-class mail,
postage prepaid, addressed to any Holder of a Warrant at such Holder’s address as shown on the Warrant Register and to the Company or the Warrant Agent as follows: 

If to the Company, to: 
 Eastman
Kodak Company 
 343 State Street 

Rochester, New York 14650-0218 

			
	Attention:	  	General Counsel
	Telephone:	  	(585) 724-9549
	Facsimile:	  	(585) 724-1089

 with a copy to (which shall not constitute notice): 

Sullivan & Cromwell LLP 

125 Broad Street 
 New York, New
York 10004-2498 

			
	Attention:	  	Andrew G. Dietderich
	Telephone:	  	(212) 558-4000
	Facsimile:	  	(212) 558-3588

 If to the Warrant Agent, to: 

Computershare Trust Company, N.A. 

250 Royall Street 
 Canton,
Massachusetts 02021 

			
	Attention:	  	Client Administration
	Facsimile:	  	(781) 575-2549

 with a copy to: 

Computershare Inc. 
 480
Washington Blvd. 
 Jersey City, New Jersey 07310 

			
	Attention:	  	Client Administration
	Facsimile:	  	(201) 680-4665

  
 -23- 

 or such other address as shall have been furnished to the party giving or making such notice, demand or delivery.

 (b) Any notice required to be given by the Company to the Holders pursuant to this Agreement, shall be made by mailing by registered
mail, return receipt requested, to the Holders at their respective addresses shown on the Warrant Register. The Company hereby irrevocably authorizes the Warrant Agent, in the name and at the expense of the Company, to mail any such notice upon
receipt thereof from the Company. Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given when sent, whether or not the Holder receives the notice. 

(c) Any notice required to be given by the Company to the Warrant Agent, or by the Warrant Agent to the Company, shall be made by overnight
delivery service to the addresses listed in Section 11.5(a). Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given when sent, whether or not the parties receive the notice. 

11.6 Applicable Law; Jurisdiction. This Agreement and each Warrant issued hereunder and all rights arising hereunder shall be governed
by the internal laws of the State of New York. In connection with any action, suit or proceeding arising out of or relating to this Agreement or the Warrants, the parties hereto and each Holder irrevocably submit to (i) the exclusive
jurisdiction of the United States Bankruptcy Court for the Southern District of New York until the chapter 11 cases of the Company and its affiliated debtors and debtors in possession are closed, and (ii) the nonexclusive jurisdiction of
any federal or state court located within the County of New York, State of New York. 
 11.7 Persons Benefiting. This Agreement shall
be binding upon and inure to the benefit of the Company and the Warrant Agent, and their respective successors, assigns, beneficiaries, executors and administrators, and the Holders from time to time of the Warrants. The Holders of the Warrants are
express third party beneficiaries of this Agreement and each such Holder of Warrants is hereby conferred the benefits, rights and remedies under or by reason of the provisions of this Agreement as if a signatory hereto. Nothing in this Agreement is
intended or shall be construed to confer upon any Person, other than the Company, the Warrant Agent and the Holders of the Warrants, any right, remedy or claim under or by reason of this Agreement or any part hereof. 

11.8 Counterparts. This Agreement may be executed in any number of counterparts, each or which shall be deemed an original, but all of
which together constitute one and the same instrument. A signature to this Agreement transmitted electronically shall have the same authority, effect, and enforceability as an original signature. 

11.9 Amendments. 
 (a)
The Company and the Warrant Agent may from time to time supplement or amend this Agreement without the approval of any Holder in order to cure any ambiguity, to correct or supplement any provision contained herein which may be defective or
inconsistent with any other provisions herein, or to make any other provisions with regard to matters or questions arising hereunder which the Company and the Warrant Agent may deem necessary or desirable and, in each case, which shall not adversely
affect the interests of any Holder. 

  
 -24- 

 (b) In addition to the foregoing, with the consent of the Majority Holders, the Company and the
Warrant Agent may modify this Agreement and/or the terms of the Warrants for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Warrant Agreement or modifying in any manner the rights of
the Holders hereunder; provided, however, that no modification affecting the terms upon which the Warrants are exercisable, redeemable or transferable, or reduction in the percentage required for consent to modification of this
Agreement, may be made without the consent of each Holder affected thereby. 
 (c) In the event of any amendment of this Agreement or of the
terms of the Warrants, the Company will give prompt notice thereof to all Holders and, if appropriate, notation thereof will be made on all Warrant Certificates and Warrant Statements thereafter issued. 

(d) As a condition precedent to the Warrant Agent’s execution of any amendment, the Company shall deliver to the Warrant Agent a
certificate from a duly authorized officer of the Company that states that the proposed amendment is in accordance with the terms of this Section 11.9. 

11.10 Headings. The descriptive headings of the several Articles and Sections of this Agreement are inserted for convenience and shall
not control or affect the meaning or construction of any of the provisions hereof. 
 11.11 Entire Agreement. This Agreement
constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. In the event of any conflict, discrepancy, or ambiguity between the terms
and conditions contained in this Agreement and any schedules or attachments hereto, the terms and conditions contained in this Agreement shall take precedence. 

11.12 Consequential Damages. Neither party to this Agreement shall be liable to the other party for any consequential, indirect,
special or incidental damages under any provisions of this Agreement or for any consequential, indirect, penal, special or incidental damages arising out of any act or failure to act hereunder even if that party has been advised of or has foreseen
the possibility of such damages. 
 11.13 Specific Performance. The parties shall be entitled to specific performance of the terms of
this Agreement. Each of the parties hereto hereby waives (i) any defenses in any action for specific performance, including the defense that a remedy at law would be adequate and (ii) any requirement under any law to post a bond or other
security as a prerequisite to obtaining equitable relief. 
 [signature page follows] 

  
 -25- 

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

			
	EASTMAN KODAK COMPANY
		
	By:	 	 /s/ William G. Love

		
	Name:	 	 William G. Love

		
	Title:	 	 Treasurer

	
	COMPUTERSHARE, INC.
		
	By:	 	 /s/ George Dalton

		
	Name:	 	 George Dalton

		
	Title:	 	 Vice President

	
	COMPUTERSHARE TRUST COMPANY, N.A.
		
	By:	 	 /s/ George Dalton

		
	Name:	 	 George Dalton

		
	Title:	 	 Vice President

 [SIGNATURE PAGE TO WARRANT AGREEMENT] 

 EXHIBIT A-1 

FORM OF WARRANT STATEMENT 

FOR 125% WARRANTS 

 EXHIBIT A-2 

FORM OF WARRANT STATEMENT 

FOR 135% WARRANTS 

  
 -2- 

 EXHIBIT A-3 

FORM OF WARRANT CERTIFICATE 

FOR 125% WARRANTS 
 THESE WARRANTS AND
THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF ARE SUBJECT TO THE PROVISIONS OF THE WARRANT AGREEMENT DATED AS OF [—], 2013 BETWEEN EASTMAN KODAK COMPANY (THE
“COMPANY”) AND [—], WARRANT AGENT. A COPY OF SUCH WARRANT AGREEMENT IS AVAILABLE AT THE OFFICES OF THE COMPANY. 

WARRANTS TO PURCHASE COMMON STOCK 

OF EASTMAN KODAK COMPANY 
  

					
	No.	  	Certificate for	  	125% Warrants

 This certifies that [HOLDER], or registered assigns, is the registered holder of the number of 125%
Warrants set forth above. Each 125% Warrant entitles the holder thereof (a “Holder”), subject to the provisions contained herein and in the Warrant Agreement referred to below, to purchase from EASTMAN KODAK COMPANY (the
“Company”) a number of shares of the Company’s common stock, par value $0.01 (“Common Stock”), equal to $14.93 divided by the Exercise Price (as defined in the Warrant Agreement referred to below), for a price
per share of Common Stock equal to the Exercise Price. 
 This Warrant Certificate is issued under and in accordance with the Warrant
Agreement, dated as of [—], 2013 (the “Warrant Agreement”), between the Company and [—], a
[—], as warrant agent (the “Warrant Agent”, which term includes any successor Warrant Agent under the Warrant Agreement), and is subject to the terms and provisions contained in the
Warrant Agreement, to all of which terms and provisions the Holder of this Warrant Certificate consents by acceptance hereof. The Warrant Agreement is hereby incorporated herein by reference and made a part hereof. Reference is hereby made to the
Warrant Agreement for a full statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company, the Warrant Agent and the Holders of the Warrants. 

This Warrant Certificate shall terminate and be void as of the close of business on [—],
2018 (the “Expiration Date”). 
 As provided in the Warrant Agreement and subject to the terms and conditions therein set
forth, the 125% Warrants shall be exercisable from time to time on any Business Day and ending on the Expiration Date. 
 The Exercise Price
and the number of shares of Common Stock issuable upon the exercise of each 125% Warrant are subject to adjustment as provided in the Warrant Agreement. 

All shares of Common Stock issuable by the Company upon the exercise of 125% Warrants shall, upon such issue, be duly and validly issued and
fully paid and non-assessable. 

  
 -3- 

 The Company shall pay all transfer, stamp and other similar taxes that may be imposed in respect
of the issuance or delivery of the 125% Warrants or in respect of the issuance or delivery by the Company of any securities upon exercise of the 125% Warrants with respect thereto. The Company shall not be required, however, to pay any tax or other
charge imposed in connection with any transfer involved in the issue of any 125% Warrants, certificate for shares of Common Stock or other securities underlying the 125% Warrants or payment of cash in each case to any Person other than the Holder of
a Warrant upon the exercise or redemption thereof, and in case of such transfer or payment, the Warrant Agent and the Company shall not be required to issue any security or to pay any cash until such tax or charge has been paid or it has been
established to the Warrant Agent’s and the Company’s satisfaction that no such tax or other charge is due. 
 This Warrant
Certificate and all rights hereunder are transferable by the registered holder hereof, subject to the terms of the Warrant Agreement. No service charge shall be required of a Holder for any registration of transfer or exchange of the Warrant
Certificates, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Subject to compliance with any restrictions on transfer under applicable law and the Warrant Agreement, each taker and holder of this Warrant
Certificate by taking or holding the same, consents and agrees that this Warrant Certificate when duly endorsed in blank shall be deemed negotiable and that when this Warrant Certificate shall have been so endorsed, the holder hereof may be treated
by the Company, the Warrant Agent and all other Persons dealing with this Warrant Certificate as the absolute owner hereof for any purpose and as the Person entitled to exercise the rights represented hereby, or to the transfer hereof on the
register of the Company maintained by the Warrant Agent, any notice to the contrary notwithstanding, but until such transfer on such register, the Company and the Warrant Agent may treat the registered Holder hereof as the owner for all purposes.

 This Warrant Certificate and the Warrant Agreement are subject to amendment as provided in the Warrant Agreement. 

All terms used in this Warrant Certificate that are defined in the Warrant Agreement shall have the meanings assigned to them in the Warrant
Agreement. 
 Copies of the Warrant Agreement are on file at the office of the Company and the Warrant Agent and may be obtained by writing
to the Company or the Warrant Agent at the following address: [—]. 
 This Warrant
Certificate shall not be valid for any purpose until it shall have been countersigned by the Warrant Agent. 
 Dated:
[—], 2013 

  
 -4- 

 
			
	EASTMAN KODAK COMPANY
		
	By:	 	  

		 	Name and Title:
		
	By:	 	  

		 	Name and Title:

  

			
	Countersigned:
	
	[—], as Warrant Agent
		
	By:	 	  

		 	Name:
		 	Authorized Officer

  
 -5- 

 EXHIBIT A-4 

FORM OF WARRANT CERTIFICATE 

FOR 135% WARRANTS 
 THESE WARRANTS AND
THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF ARE SUBJECT TO THE PROVISIONS OF THE WARRANT AGREEMENT DATED AS OF [—], 2013 BETWEEN EASTMAN KODAK COMPANY (THE
“COMPANY”) AND [—], WARRANT AGENT. A COPY OF SUCH WARRANT AGREEMENT IS AVAILABLE AT THE OFFICES OF THE COMPANY. 

WARRANTS TO PURCHASE COMMON STOCK 

OF EASTMAN KODAK COMPANY 
  

					
	No.	  	Certificate for	  	135% Warrants

 This certifies that [HOLDER], or registered assigns, is the registered holder of the number of 135%
Warrants set forth above. Each 135% Warrant entitles the holder thereof (a “Holder”), subject to the provisions contained herein and in the Warrant Agreement referred to below, to purchase from EASTMAN KODAK COMPANY (the
“Company”) a number of shares of the Company’s common stock, par value $0.01 (“Common Stock”) equal to $16.12 divided by the Exercise Price (as defined in the Warrant Agreement referred to below), for a price
per share of Common Stock equal to the Exercise Price. 
 This Warrant Certificate is issued under and in accordance with the Warrant
Agreement, dated as of [—], 2013 (the “Warrant Agreement”), between the Company and [—], a
[—], as warrant agent (the “Warrant Agent”, which term includes any successor Warrant Agent under the Warrant Agreement), and is subject to the terms and provisions contained in the
Warrant Agreement, to all of which terms and provisions the Holder of this Warrant Certificate consents by acceptance hereof. The Warrant Agreement is hereby incorporated herein by reference and made a part hereof. Reference is hereby made to the
Warrant Agreement for a full statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company, the Warrant Agent and the Holders of the Warrants. 

This Warrant Certificate shall terminate and be void as of the close of business on [—],
2018 (the “Expiration Date”). 
 As provided in the Warrant Agreement and subject to the terms and conditions therein set
forth, the 135% Warrants shall be exercisable from time to time on any Business Day and ending on the Expiration Date. 
 The Exercise Price
and the number of shares of Common Stock issuable upon the exercise of each 135% Warrant are subject to adjustment as provided in the Warrant Agreement. 

All shares of Common Stock issuable by the Company upon the exercise of 135% Warrants shall, upon such issue, be duly and validly issued and
fully paid and non-assessable. 

  
 -6- 

 The Company shall pay all transfer, stamp and other similar taxes that may be imposed in respect
of the issuance or delivery of the 135% Warrants or in respect of the issuance or delivery by the Company of any securities upon exercise of the 135% Warrants with respect thereto. The Company shall not be required, however, to pay any tax or other
charge imposed in connection with any transfer involved in the issue of any 135% Warrants, certificate for shares of Common Stock or other securities underlying the 135% Warrants or payment of cash in each case to any Person other than the Holder of
a Warrant Certificate surrendered upon the exercise or redemption thereof, and in case of such transfer or payment, the Warrant Agent and the Company shall not be required to issue any security or to pay any cash until such tax or charge has been
paid or it has been established to the Warrant Agent’s and the Company’s satisfaction that no such tax or other charge is due. 

This Warrant Certificate and all rights hereunder are transferable by the registered holder hereof, subject to the terms of the Warrant
Agreement. No service charge shall be required of a Holder for any registration of transfer or exchange of the Warrant Certificates, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in
connection therewith. 
 Subject to compliance with any restrictions on transfer under applicable law and the Warrant Agreement, each taker
and holder of this Warrant Certificate by taking or holding the same, consents and agrees that this Warrant Certificate when duly endorsed in blank shall be deemed negotiable and that when this Warrant Certificate shall have been so endorsed, the
holder hereof may be treated by the Company, the Warrant Agent and all other Persons dealing with this Warrant Certificate as the absolute owner hereof for any purpose and as the Person entitled to exercise the rights represented hereby, or to the
transfer hereof on the register of the Company maintained by the Warrant Agent, any notice to the contrary notwithstanding, but until such transfer on such register, the Company and the Warrant Agent may treat the registered Holder hereof as the
owner for all purposes. 
 This Warrant Certificate and the Warrant Agreement are subject to amendment as provided in the Warrant Agreement.

 All terms used in this Warrant Certificate that are defined in the Warrant Agreement shall have the meanings assigned to them in the
Warrant Agreement. 
 Copies of the Warrant Agreement are on file at the office of the Company and the Warrant Agent and may be obtained by
writing to the Company or the Warrant Agent at the following address: [—]. 
 This Warrant
Certificate shall not be valid for any purpose until it shall have been countersigned by the Warrant Agent. 
 Dated:
[—], 2013 

  
 -7- 

 
			
	EASTMAN KODAK COMPANY
		
	By:	 	  

		 	Name and Title:
		
	By:	 	  

		 	Name and Title:

  

			
	Countersigned:
	
	[—], as Warrant Agent
		
	By:	 	  

		 	Name:
		 	Authorized Officer

  
 -8- 

 EXHIBIT B 

EXERCISE FORM 
 FOR
HOLDERS OF [125%][135%] WARRANTS 
 (To be executed only upon exercise of [125%][135%] Warrants) 

To: 
 The undersigned irrevocably exercises
                     of the [125%][135%] Warrants for the purchase of one share (subject to adjustment in accordance with the Warrant Agreement) of
common stock, par value $0.01, of Eastman Kodak Company (the “Company”), at the Exercise Price and on the terms and conditions specified in the Warrant Agreement, dated as of [—],
2013, between the Company and [—], a [—], as warrant agent, and herewith surrenders all right, title and interest therein to
                     and directs that the shares of Common Stock deliverable upon the exercise of such Warrants be registered in the name and
delivered at the address specified below. 
  

					
	Date	 	  

 

			
	  
	 	*
	(Signature of Owner)
		
	  
	 	
	(Street Address)
		
	  
	 	
	(City)                                   
          (State) (Zip Code)
	
	Signature Guaranteed by:
		
	  
	 	

  

	*	The signature must correspond with the name of the Holder of the Warrants exercised hereby as it appears in the Warrant Register in every particular, without alteration or enlargement or any change whatever, and must be
guaranteed by an eligible guarantor institution participating in a signature guarantee program approved by the Securities Transfer Association. 

  
 -9- 

 Securities to be issued to: 

Please insert social security or identifying number: 
 Name:

 Street Address: 
 City, State and Zip Code: 

If said number of [125%][135%] Warrants shall not be all the [125%][135%] Warrants held by the undersigned, the undersigned requests that a new Warrant
representing the balance of such [125%][135%] Warrants shall be registered, with the appropriate Warrant Statement or Warrant Certificate delivered as follows: 

Please insert social security or identifying number: 
 Name:

 Street Address: 
 City, State and Zip Code: 

  
 -10- 

 EXHIBIT C 

FORM OF ASSIGNMENT 

FOR VALUE RECEIVED the undersigned registered holder of the within [125%][135%] Warrants hereby sells, assigns, and transfers unto the
Assignee(s) named below all of the right of the undersigned with respect to the number of [125%][135%] Warrants set forth below: 
  

							
	 Names of Assignees
	  	Address	  	Social Security or
other Identifying
Number of
Assignee(s)	  	Series and
Number of
Warrants
		  		  		  	

 and does hereby irrevocably constitute and appoint
                     the undersigned’s attorney to make such transfer on the books of
                     maintained for that purpose, with full power of substitution in the premises. 

If said number of [125%][135%] Warrants shall not be all the [125%][135%] Warrants held by the undersigned, the undersigned requests that a new Warrant
representing the balance of such [125%][135%] Warrants shall be registered, with the appropriate Warrant Statement or Warrant Certificate delivered as follows: 

Please insert social security or identifying number: 
 Name:

 Street Address: 
 City, State and Zip Code: 

 

					
	Date:	 	  

 

			
	  
	 	*
	(Signature of Owner)
	
	  

	(Street Address)
	
	  

	(City)                                   
          (State) (Zip Code)
	
	Signature Guaranteed by:
	
	  

  

	*	The signature must correspond with the name of the Holder of the Warrants exercised hereby as it appears in the Warrant Register in every particular, without alteration or enlargement or any change whatever, and must be
guaranteed by an eligible guarantor institution participating in a signature guarantee program approved by the Securities Transfer Association. 

  
 -2- 

 SCHEDULE A 

WARRANT AGENT COMPENSATION 
  

					
	 Service Description
	  	Fees	 
		
	 Warrant Agent
	  			
		
	 Initial Setup (one-time charge)
	  	$	10,000.00	  
		
	 Annual Administration
	  	$	10,000.00	  
		
	 Warrant Conversion Agent
	  			
		
	 Set Up and Administrative Fee
	  	$	3,500.00	  
		
	 Processing Accounts, each
	  	$	50.00	  
		
	 Conversions requiring additional handling (window items, deficient items, correspondence items, legal items, items not providing a
taxpayer identification number, Transfer Requests, etc), additional each
	  	$	15.00	  
		
	 Requisitioning Funds, each requisition
	  	$	25.00	  
		
	 Expiration
	  	$	1,000.00	  
		
	 Special Services
	  	 	Additional	  
		
	 Out of Pocket Expenses Including Postage, Printing, Stationery, Overtime, Transportation, Microfilming, Imprinting,
Mailing, etc.
	  	 	AdditionalEX-4.9

 Exhibit 4.9 

to Registration Statement 

INTERNATIONAL SHIPHOLDING CORPORATION 

and 
 [•] 

as Trustee 
  

 
 INDENTURE

 Dated as of [•] 
  

 
 Senior Debt
Securities 
  
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS
	  	 	1	  
			
	 Section 1.1
	  	 Definitions
	  	 	1	  
	 Section 1.2
	  	 Other Terms
	  	 	7	  
		
	 ARTICLE II. DEBT SECURITY FORMS
	  	 	7	  
			
	 Section 2.1
	  	 Forms Generally
	  	 	7	  
	 Section 2.2
	  	 Forms of Debt Securities
	  	 	8	  
	 Section 2.3
	  	 Form of Trustee’s Certificate of Authentication
	  	 	8	  
	 Section 2.4
	  	 Debt Securities in Global Form
	  	 	8	  
		
	 ARTICLE III. THE DEBT SECURITIES
	  	 	10	  
			
	 Section 3.1
	  	 Title and Terms
	  	 	10	  
	 Section 3.2
	  	 Denominations
	  	 	11	  
	 Section 3.3
	  	 Payment of Principal and Interest
	  	 	12	  
	 Section 3.4
	  	 Execution of Debt Securities
	  	 	12	  
	 Section 3.5
	  	 Temporary Debt Securities
	  	 	13	  
	 Section 3.6
	  	 Exchange and Registration of Transfer of Debt Securities
	  	 	13	  
	 Section 3.7
	  	 Mutilated, Destroyed, Lost or Stolen Debt Securities
	  	 	14	  
	 Section 3.8
	  	 Payment of Interest; Interest Rights Preserved
	  	 	15	  
	 Section 3.9
	  	 Persons Deemed Owners
	  	 	16	  
	 Section 3.10
	  	 Cancellation of Debt Securities Paid
	  	 	16	  
	 Section 3.11
	  	 Currency and Manner of Payments
	  	 	16	  
		
	 ARTICLE IV. REDEMPTION OF DEBT SECURITIES; SINKING FUNDS
	  	 	17	  
			
	 Section 4.1
	  	 Applicability of Article
	  	 	17	  
	 Section 4.2
	  	 Notice of Redemption; Selection of Debt Securities
	  	 	17	  
	 Section 4.3
	  	 Payment of Debt Securities Called for Redemption
	  	 	18	  
	 Section 4.4
	  	 Exclusion of Certain Debt Securities from Redemption
	  	 	18	  
	 Section 4.5
	  	 Provisions with Respect to any Sinking Funds
	  	 	18	  
		
	 ARTICLE V. COVENANTS OF THE COMPANY
	  	 	20	  
			
	 Section 5.1
	  	 Payment of Principal, Premium and Interest
	  	 	20	  
	 Section 5.2
	  	 Offices for Notices and Payments
	  	 	20	  
	 Section 5.3
	  	 Appointments to Fill Vacancies in Trustee’s Office
	  	 	20	  
	 Section 5.4
	  	 Provisions as to Paying Agent
	  	 	20	  
	 Section 5.5
	  	 Certificate to Trustee
	  	 	21	  
	 Section 5.6
	  	 Reports by the Company
	  	 	21	  
	 Section 5.7
	  	 Merger or Consolidation
	  	 	21	  
		
	 ARTICLE VI. HOLDERS’ LISTS AND REPORTS BY THE TRUSTEE
	  	 	21	  
			
	 Section 6.1
	  	 Holders’ Lists
	  	 	21	  
	 Section 6.2
	  	 Preservation and Disclosure of Lists
	  	 	21	  
	 Section 6.3
	  	 Reports by the Trustee
	  	 	22	  

  
 i 

							
		
	 ARTICLE VII. DEFAULTS AND REMEDIES
	  	 	22	  
			
	 Section 7.1
	  	 Events of Default
	  	 	22	  
	 Section 7.2
	  	 Payment of Debt Securities Upon Default; Suit Therefor
	  	 	23	  
	 Section 7.3
	  	 Application of Moneys Collected by Trustee
	  	 	25	  
	 Section 7.4
	  	 Proceedings by Holders
	  	 	25	  
	 Section 7.5
	  	 Proceedings by Trustee
	  	 	25	  
	 Section 7.6
	  	 Remedies Cumulative and Continuing
	  	 	26	  
	 Section 7.7
	  	 Direction of Proceedings and Waiver of Defaults by Majority of Holders
	  	 	26	  
	 Section 7.8
	  	 Notice of Defaults
	  	 	26	  
	 Section 7.9
	  	 Undertaking to Pay Costs
	  	 	27	  
	 Section 7.10
	  	 Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	 	27	  
		
	 ARTICLE VIII. CONCERNING THE TRUSTEE
	  	 	27	  
			
	 Section 8.1
	  	 Duties and Responsibilities of Trustee
	  	 	27	  
	 Section 8.2
	  	 Reliance on Documents, Opinions
	  	 	27	  
	 Section 8.3
	  	 No Responsibility for Recitals
	  	 	28	  
	 Section 8.4
	  	 Trustee and Agents May Own Debt Securities
	  	 	28	  
	 Section 8.5
	  	 Moneys to be Held in Trust
	  	 	29	  
	 Section 8.6
	  	 Compensation and Expenses of Trustee
	  	 	29	  
	 Section 8.7
	  	 Officers’ Certificate as Evidence
	  	 	29	  
	 Section 8.8
	  	 Conflicting Interest of Trustee
	  	 	29	  
	 Section 8.9
	  	 Eligibility of Trustee
	  	 	30	  
	 Section 8.10
	  	 Resignation or Removal of Trustee
	  	 	30	  
	 Section 8.11
	  	 Acceptance by Successor Trustee
	  	 	31	  
	 Section 8.12
	  	 Succession by Merger
	  	 	31	  
	 Section 8.13
	  	 Limitation on Rights of Trustee as a Creditor
	  	 	32	  
	 Section 8.14
	  	 Authenticating Agents
	  	 	32	  
	 Section 8.15
	  	 Preferential Collection of Claims Against the Company
	  	 	33	  
	 Section 8.16
	  	 Trustee’s Application for Instructions from the Company
	  	 	34	  
		
	 ARTICLE IX. CONCERNING THE HOLDERS
	  	 	34	  
			
	 Section 9.1
	  	 Action by Holders
	  	 	34	  
	 Section 9.2
	  	 Proof of Execution by Holders
	  	 	34	  
	 Section 9.3
	  	 Who Are Deemed Absolute Owners
	  	 	34	  
	 Section 9.4
	  	 Company-Owned Debt Securities Disregarded
	  	 	34	  
	 Section 9.5
	  	 Revocation of Consents; Future Holders Bound
	  	 	35	  
		
	 ARTICLE X. HOLDERS’ MEETINGS
	  	 	35	  
			
	 Section 10.1
	  	 Purposes of Meetings
	  	 	35	  
	 Section 10.2
	  	 Call of Meetings by Trustee
	  	 	35	  
	 Section 10.3
	  	 Call of Meetings by Company or Holders
	  	 	35	  
	 Section 10.4
	  	 Qualifications for Voting
	  	 	36	  
	 Section 10.5
	  	 Regulations
	  	 	36	  
	 Section 10.6
	  	 Voting
	  	 	36	  
	 Section 10.7
	  	 No Delay of Rights by Meeting
	  	 	37	  
		
	 ARTICLE XI. SUPPLEMENTAL INDENTURES AND WAIVERS
	  	 	37	  
			
	 Section 11.1
	  	 Supplemental Indentures without Consent of Holders
	  	 	37	  
	 Section 11.2
	  	 Supplemental Indentures with Consent of Holders
	  	 	38	  
	 Section 11.3
	  	 Effect of Supplemental Indentures
	  	 	38	  
	 Section 11.4
	  	 Notation on Debt Securities
	  	 	38	  
	 Section 11.5
	  	 Evidence of Compliance of Supplemental Indenture to be Furnished Trustee
	  	 	39	  

  
 ii 

							
	 Section 11.6
	  	 Waivers of Covenants
	  	 	39	  
		
	 ARTICLE XII. GUARANTEES
	  	 	39	  
			
	 Section 12.1
	  	 Applicability of Article
	  	 	39	  
		
	 ARTICLE XIII. CONSOLIDATION, MERGER, SALE AND CONVEYANCE
	  	 	39	  
			
	 Section 13.1
	  	 Company May Consolidate on Certain Terms
	  	 	39	  
	 Section 13.2
	  	 Successor Entity to be Substituted
	  	 	39	  
	 Section 13.3
	  	 Opinion of Counsel
	  	 	40	  
		
	 ARTICLE XIV. SATISFACTION AND DISCHARGE OF INDENTURE
	  	 	40	  
			
	 Section 14.1
	  	 Satisfaction, Discharge and Defeasance of Debt Securities of any Series
	  	 	40	  
	 Section 14.2
	  	 Defeasance of Debt Securities of any Series
	  	 	41	  
	 Section 14.3
	  	 Application of Trust Funds; Indemnification
	  	 	42	  
	 Section 14.4
	  	 Return of Unclaimed Moneys
	  	 	42	  
	 Section 14.5
	  	 Reinstatement
	  	 	42	  
		
	 ARTICLE XV. IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
	  	 	42	  
			
	 Section 15.1
	  	 Indenture and Debt Securities Solely Obligations of the Company
	  	 	42	  
		
	 ARTICLE XVI. MISCELLANEOUS PROVISIONS
	  	 	43	  
			
	 Section 16.1
	  	 Provisions Binding on Successors of the Company
	  	 	43	  
	 Section 16.2
	  	 Indenture for Sole Benefit of Parties and Holders of Debt Securities
	  	 	43	  
	 Section 16.3
	  	 Notices
	  	 	43	  
	 Section 16.4
	  	 New York Contract
	  	 	44	  
	 Section 16.5
	  	 Evidence of Compliance with Conditions Precedent
	  	 	44	  
	 Section 16.6
	  	 Legal Holidays
	  	 	44	  
	 Section 16.7
	  	 Trust Indenture Act of 1939 to Control
	  	 	44	  
	 Section 16.8
	  	 Headings
	  	 	44	  
	 Section 16.9
	  	 Determination of Principal Amount
	  	 	44	  
	 Section 16.10
	  	 Execution in Counterparts
	  	 	44	  

  
 iii 

 CROSS REFERENCE SHEET 

Between 
 Provisions of
Sections 310 through 318(a) inclusive of Trust Indenture Act of 1939 and the Indenture dated as of                         ,
between International Shipholding Corporation and                         , a national banking association, as trustee. 

 

			
	 Section of Act
	  	 Section of Indenture

	 310(a)(1) and (2)
	  	8.9
	 310(a)(3) and (4)
	  	*
	 310(b)
	  	8.8 and 8.10
	 310(c)
	  	*
	 311(a)
	  	8.13
	 311(b)
	  	8.13
	 311(c)
	  	*
	 312(a)
	  	6.1 and 6.2(a)
	 312(b)
	  	6.2(b)
	 312(c)
	  	6.2(c)
	 313(a)(1), (2), (3), (4), (6) and (7)
	  	6.3(a)
	 313(a)(5)
	  	*
	 313(b)(1)
	  	*
	 313(b)(2)
	  	6.3
	 313(c)
	  	6.3
	 313(d)
	  	6.3
	 314(a)(1)
	  	5.6
	 314(a)(2)
	  	5.6
	 314(a)(3)
	  	5.6
	 314(b)
	  	*
	 314(c)(1)
	  	5.5
	 314(c)(2)
	  	16.5
	 314(c)(3)
	  	*
	 314(d)
	  	*
	 314(e)
	  	16.5
	 314(f)
	  	*
	 315(a), (c) and (d)
	  	8.1
	 315(b)
	  	7.8
	 315(e)
	  	7.9
	 316(a)(1)
	  	7.7
	 316(a)(2)
	  	*
	 316(a) last paragraph
	  	9.4
	 316(b)
	  	7.10
	 317(a)
	  	7.2
	 317(b)
	  	5.4
	 318(a)
	  	16.7

  
  

	*	Not Applicable. 

 This cross reference sheet shall not, for any purpose, be considered part of the Indenture.

  
 iv 

 THIS INDENTURE, dated as of
                    , is between International Shipholding Corporation, a Delaware corporation (the “Company”), and
                    , a national banking association, as trustee (the “Trustee”). 

WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of an
unlimited aggregate principal amount of its debentures, notes, bonds or other evidences of indebtedness, to be issued in one or more series as provided in this Indenture on such terms as may from time to time be authorized in or pursuant to one or
more Board Resolutions or Supplemental Indentures (each as defined below); and 
 WHEREAS, all things necessary to make this Indenture a
valid agreement of the Company, in accordance with its terms, have been done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase or acceptance of the Debt Securities by the Holders thereof, it is mutually
covenanted and agreed, for the equal and proportionate benefit of the respective Holders from time to time of the Debt Securities or of any series thereof as follows: 

ARTICLE I. 

DEFINITIONS 

Section 1.1 Definitions. The terms defined in this Section 1.1 (except as herein otherwise expressly provided or
unless the context otherwise requires) for all purposes of this Indenture and of any Supplemental Indentures hereto shall have the respective meanings specified in this Section 1.1. All other terms used in this Indenture which are defined in
the Trust Indenture Act of 1939 or which are by reference therein defined in the Securities Act of 1933, as amended, shall have (except as herein otherwise expressly provided or unless the context otherwise requires) the meanings assigned to such
terms in the Trust Indenture Act of 1939 and in the Securities Act of 1933 as in force at the date of the execution of this Indenture. 
 Affiliate:

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

Authenticating Agent: 
 The term
“Authenticating Agent” means the agent of the Trustee, if any, which at the time shall be appointed and acting pursuant to Section 8.14. 

Board of Directors: 
 The term “Board
of Directors” means the Board of Directors of the Company. 
 Board Resolution: 

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

Business Day: 
 The term “Business
Day”, when used with respect to any Place of Payment or any other particular location, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions

  
 1 

 
or trust companies in that Place of Payment or other location are authorized or obligated by law, regulation or executive order to close. 

Capital Stock: 
 The term “Capital
Stock” means: 
 (1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company, partnership interests (whether general or
limited) or membership interests; and 
 (4) any other interest or participation that confers on a Person the right to receive a share of
the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any right of participation with
Capital Stock. 
 Commission: 
 The term
“Commission” means the U.S. Securities and Exchange Commission. 
 Company: 

“Company” means the party named as the “Company” in the first paragraph of this Indenture until a successor replaces it
pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. The forgoing sentence shall likewise apply to any subsequent such successor or successors. 

Company Request and Company Order: 
 The
terms “Company Request” and “Company Order” mean, respectively, a written request or order signed in the name of the Company by its Chairman of the Board, Chief Executive Officer, President, Chief Financial Officer or a Vice
President, and by its Treasurer, Secretary, Assistant Secretary or Assistant Treasurer, and delivered to the Trustee. 
 Conversion Date: 

The term “Conversion Date” has the meaning set forth in Section 3.11: 

Corporate Trust Office: 
 The term
“Corporate Trust Office” means the office of the Trustee at which, at any particular time, its corporate trust business shall principally be administered, which office at the date hereof is located at Attention: Corporate Trust
Administration unit, or such other address as the Trustee may designate from time to time by notice to 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 Company). 
 Currency Determination Agent: 

The term “Currency Determination Agent” means the financial institution, if any, from time to time selected by the Company for
purposes of Section 3.11. 

  
 2 

 Debt Security or Debt Securities: 

The terms “Debt Security” or “Debt Securities” means any secured or unsecured debentures, notes, bonds or other
indebtedness of any series, as the case may be, issued by the Company from time to time, and authenticated and delivered under this Indenture. 
 Debt
Security Register: 
 The term “Debt Security Register” has the meaning set forth in Section 3.6. 

Debt Security Registrar: 
 The term
“Debt Security Registrar” has the meaning set forth in Section 3.6. 
 Depository: 

The term “Depository” means, unless otherwise specified by the Company pursuant to Section 3.1, with respect to Debt Securities
of any series issuable or issued as a Global Debt Security, The Depository Trust Company, New York, New York, or any successor thereto registered as a clearing agency pursuant to the provisions of Section 17A of the Securities Exchange Act of
1934, as amended, or other applicable statute or regulation. 
 Dollar: 

The term “Dollar” means the coin or currency of the United States of America which as of the time of payment is legal tender for the
payment of public and private debts. 
 Dollar Equivalent of the Foreign Currency: 

The term “Dollar Equivalent of the Foreign Currency” shall have the meaning set forth in Section 3.11. 

Event of Default: 
 The term “Event
of Default” has the meaning specified in Section 7.1. 
 Foreign Currency: 

The term “Foreign Currency” means a currency issued by the government of any country other than the United States of America. 

Global Debt Security: 
 The term
“Global Debt Security” means a Debt Security issued in global form pursuant to Section 2.4 hereof to evidence all or part of a series of Debt Securities. 

Government Obligations: 
 The term
“Government Obligations” means securities which are (i) direct obligations of the government which issued the currency in which the Debt Securities of a series are denominated or (ii) obligations of a person controlled or
supervised by and acting as an agency or instrumentality of the government which issued the currency in which the Debt Securities of such series are denominated, the payment of which obligations is unconditionally guaranteed by such government, and
which, in either case, are full faith and credit obligations of such government, are denominated in the currency in which the Debt Securities of such series are denominated and which are not callable or redeemable at the option of the issuer
thereof. 

  
 3 

 Guarantor: 

The term “Guarantor” means any person that issues a guarantee of the Debt Securities, either on the date such Debt Securities are
issued or thereafter in accordance with the terms of this Indenture; provided, that upon the release and discharge of such person from its guarantee in accordance with this Indenture, such person shall cease to be a Guarantor. 

Holder: 
 The term “Holder”
means any Person in whose name a Debt Security of any series is registered in the Debt Security Register applicable to Debt Securities of such series. 

Indenture: 
 The term
“Indenture” means this instrument as originally executed and delivered or, if amended or supplemented as herein provided pursuant to the applicable provisions hereof, as so amended or supplemented. 

Indexed Debt Security: 
 The term
“Indexed Debt Security” means a Debt Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance. 

Interest Payment Date: 
 The term
“Interest Payment Date”, when used with respect to any series of Debt Securities, means the Stated Maturity of an installment of interest on such Debt Securities. 

Market Exchange Rate: 
 The term
“Market Exchange Rate” shall have the meaning set forth in Section 3.11. 
 Officers’ Certificate: 

The term “Officers’ Certificate”, when used with respect to the Company, means a certificate signed by its Chairman of the
Board, Chief Executive Officer, President, Chief Financial Officer or a Vice President and by its Treasurer, Secretary, Assistant Secretary or Assistant Treasurer and delivered to the Trustee. Each such certificate shall include the statements
provided for in Section 16.5 to the extent required by the provisions of such Section. 
 Opinion of Counsel: 

The term “Opinion of Counsel” means an opinion in writing signed by legal counsel who may be an employee of or counsel to the Company
and who shall be reasonably acceptable to the Trustee. Each such opinion shall include the statements provided for in Sections 2.2, 3.4 and 16.5 to the extent required by the provisions of such Sections. 

Original Issue Discount Debt Security: 

The term “Original Issue Discount Debt Security” means any Debt Security which provides for an amount less than the principal amount
thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 7.1. 
 Outstanding: 

The term “Outstanding”, when used with respect to Debt Securities or Debt Securities of any series, means, as of the date of
determination, all such Debt Securities theretofore authenticated and delivered under this Indenture, except: 

  
 4 

 (a) such Debt Securities theretofore cancelled by the Trustee or delivered to the Trustee for
cancellation; 
 (b) such Debt Securities for whose payment or redemption money in the necessary amount and in the specified currency has
been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Debt Securities,
provided, however, that if such Debt Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

(c) such Debt Securities in exchange for or in lieu of which other such Debt Securities have been authenticated and delivered pursuant to this
Indenture, or such Debt Securities which have been paid, pursuant to this Indenture, unless proof satisfactory to the Trustee is presented that any such Debt Securities are held by Persons in whose hands any of such Debt Securities are a legal,
valid and binding obligation of the Company; and 
 (d) such Debt Securities the indebtedness in respect to which has been discharged in
accordance with Section 14.2; 
 provided, however, that in determining whether the Holders of the requisite principal amount of
such Outstanding Debt Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, such Debt Securities owned by the Company or any other obligor upon such Debt Securities or any Affiliate of the Company
or such other obligor (except in the case in which the Company or such other obligor or Affiliate owns all Debt Securities Outstanding under the Indenture, or all Outstanding Debt Securities of each such series, as the case may be, without regard to
this proviso) shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only such Debt
Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Such Debt Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such Debt Securities and that the pledgee is not the Company or any other such obligor upon such Debt Securities or any Affiliate of the Company or such other obligor. In
case of a dispute as to such right, the decision of the Trustee upon the advice of counsel shall be full protection to the Trustee. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officers’ Certificate listing
and identifying all such Debt Securities, if any, known by the Company to be owned or held by or for the account of any of the above described Persons; and, subject to the provisions of Section 8.1, the Trustee shall be entitled to accept such
Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all such Debt Securities not listed therein are Outstanding for the purpose of any such determination. 

Paying Agent: 
 The term “Paying
Agent” means any Person, including the Company, authorized by the Company to pay the principal and premium, if any, or interest, if any, on any Debt Securities on behalf of the Company. 

Person: 
 The term “Person”
means any individual, corporation, partnership, joint venture, association, joint-stock company, limited liability company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

Place of Payment: 
 The term “Place
of Payment”, when used with respect to the Debt Securities of any series, means the place or places where the principal of (premium, if any) and interest on the Debt Securities of that series are payable as specified in accordance with
Section 3.1. 

  
 5 

 Predecessor Debt Security: 

The term “Predecessor Debt Security” of any particular Debt Security means every previous Debt Security evidencing all or a portion
of the same debt as that evidenced by such particular Debt Security, and, for the purposes of this definition, any Debt Security authenticated and delivered under Section 3.7 in lieu of a mutilated, lost, destroyed or stolen Debt Security shall
be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Debt Security. 
 Redemption Date: 

The term “Redemption Date”, when used with respect to any Debt Security to be redeemed, means the date fixed for such redemption by
or pursuant to this Indenture. 
 Redemption Price: 

The term “Redemption Price”, when used with respect to any Debt Security to be redeemed, means the price specified in such Debt
Security at which it is to be redeemed pursuant to this Indenture. 
 Regular Record Date: 

The term “Regular Record Date” for the interest payable on any Debt Security on any Interest Payment Date means the date specified in
such Debt Security as the “Regular Record Date” as contemplated by Section 3.1. 
 Responsible Officer: 

The term “Responsible Officer”, when used with respect to the Trustee, means any officer of the Trustee assigned to the Corporate
Trust Administration unit (or any successor division or unit) of the Trustee located at the Corporate Trust Office of the Trustee, who shall have direct responsibility for the administration of this Indenture and, for the purposes of
Section 7.7, Section 7.8 and Section 8.1(c)(2), shall also include any other officer of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular
subject. 
 The term “Responsible Officer”, when used with respect to the Company, means the Chairman of the Board, Chief
Executive Officer, President, Chief Financial Officer, Treasurer or Secretary, or any Vice President, Assistant Secretary or Assistant Treasurer, in each case, of the Company. 

Special Record Date: 
 The term
“Special Record Date” for the payment of any Defaulted Interest (as defined in Section 3.8) means a date fixed by the Trustee pursuant to Section 3.8. 

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

The term “Subsidiary” means with respect to any specified Person: 

(1) any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled
(without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees of the
corporation, association or other business entity is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 

  
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 (2) any partnership (a) the sole general partner or the managing general partner of which is
such Person or a Subsidiary of such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination thereof). 

Supplemental Indenture: 
 The term
“Supplemental Indenture” means any supplement to this Indenture duly entered into between the Company (pursuant to the adoption of a Board Resolution) and the Trustee for any of the purposes contemplated hereunder. 

Trustee: 
 The term “Trustee”
means the party named as the “Trustee” in the first paragraph of this Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. The foregoing sentence shall
likewise apply to any subsequent such successor or successors. 
 Trust Indenture Act of 1939: 

The term “Trust Indenture Act of 1939” means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this
Indenture was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act of 1939” means to the extent required by any such amendment, the Trust Indenture Act of
1939 as so amended. 
 Valuation Date: 

The term “Valuation Date” shall have the meaning set forth in Section 3.11. 

Voting Stock: 
 The term “Voting
Stock” means outstanding shares of capital stock or similar equity interests having under ordinary circumstances voting power for the election of directors, managers or the substantial equivalent thereof whether at all times or only so long as
no senior class of stock or similar equity interest has such voting power by reason of the occurrence of any contingency. 

Section 1.2 Other Terms. All accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean
such accounting principles as are generally accepted in the United States for domestic companies at the date of such computation. All references to such terms herein shall be both to the singular or the plural, as the context so requires. Unless the
context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or Section, as the case may be, of this Indenture. The words “herein,” “hereof” and “hereunder” and
other words of similar import refer to this Indenture as a whole (including any Supplemental Indentures) and not to any particular Article, Section or other subdivision. The words “including,” “includes” and
“include” shall be deemed to be followed by the words “without limitation.” 
 ARTICLE II. 

DEBT SECURITY FORMS 

Section 2.1 Forms Generally. The Debt Securities of each series and the certificates of authentication thereon shall have
such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture (the provisions of which shall be appropriate to reflect the terms of each series of Debt Securities, including the currency or
denomination, which may be Dollars or Foreign Currency), 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 Debt Securities, as evidenced by their signing of such Debt Securities. Any portion of the text of any Debt Security may be set forth on the reverse thereof, with an
appropriate reference thereto on the face of the Debt Security. 

  
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 The definitive Debt Securities shall be printed, lithographed or engraved or produced by any
combination of these methods or may be produced in any other manner, all as determined by the officers executing such Debt Securities, as evidenced by their signing of such Debt Securities. 

Section 2.2 Forms of Debt Securities. The Debt Securities of each series shall be in such form or forms (including global
form) as shall be established by or pursuant to a Board Resolution or a Supplemental Indenture. 
 Prior to the delivery of a Debt Security
of any series in any such form to the Trustee for the Debt Securities of such series for authentication, the Company shall deliver to the Trustee the following: 

(a) The Board Resolution or Supplemental Indenture by or pursuant to which such form of Debt Security has been approved; 

(b) An Officers’ Certificate dated the date such Certificate is delivered to the Trustee stating that all conditions precedent provided
for in this Indenture relating to the authentication and delivery of Debt Securities in such form have been complied with; and 
 (c) An
Opinion of Counsel stating that Debt Securities in such form, together with any coupons appertaining thereto, when (i) completed by appropriate insertions and executed and delivered by the Company to the Trustee for authentication in accordance
with this Indenture, (ii) authenticated and delivered by such Trustee in accordance with this Indenture within the authorization as to aggregate principal amount established from time to time by the Board of Directors, and (iii) sold in
the manner specified in such Opinion of Counsel, will be the legal, valid and binding obligations of the Company, subject to applicable bankruptcy, reorganization, insolvency and other similar laws generally affecting creditors’ rights, to
general equitable principles and to such other qualifications as such counsel shall conclude do not materially affect the rights of Holders of such Debt Securities. 

The definitive Debt Securities and coupons, if any, shall be printed, lithographed or engraved or produced by any combination of these methods
or may be produced in any other manner, all as determined by the officers executing such Debt Securities or coupons, as evidenced by their execution thereof. 

Section 2.3 Form of Trustee’s Certificate of Authentication. The following is the form of the Certificate of
Authentication of the Trustee to be endorsed on the face of all Debt Securities substantially as follows: 
 This is one of
the Debt Securities of the series designated herein issued under the within-mentioned Indenture. 
  

			
	 [name]
 As Trustee

		
	By	 	   

		 	________________
		 	Authorized Officer

 Section 2.4 Debt Securities in Global Form. (a) If the Company shall establish
pursuant to Section 3.1 that the Debt Securities of a particular series are to be issued in whole or in part in the form of one or more Global Debt Securities, then the Company shall execute and the Trustee or its agent shall, in accordance
with Section 3.4 and the Company Order delivered to the Trustee or its agent thereunder, authenticate and deliver such Global Debt Security or Global Debt Securities, which (i) shall represent, and shall be denominated in an amount equal
to the aggregate principal amount of, the Outstanding Debt Securities of such series to be represented by such Global Debt Security or Global Debt Securities, or such portion thereof as the Company shall specify in a Company Order, (ii) shall
be registered in the name of the Depository for such Global Debt Security or Global Debt Securities or its nominee, (iii) shall be delivered by the Trustee or its agent to the Depository or pursuant to the Depository’s instruction and
(iv) shall bear a legend substantially to the following effect: “Unless this certificate is presented by an authorized representative of the Depository to the Company or its agent for registration of transfer, exchange, or 

  
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payment, and any certificate issued is registered in the name of the nominee of the Depository or in such other name as is requested by an authorized representative of the Depository (and any
payment is made to the nominee of the Depository or to such other entity as is requested by an authorized representative of the Depository), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as
the registered owner hereof, the nominee of the Depository, has an interest herein.” 
 (b) Notwithstanding any other provision of this
Section 2.4 or of Section 3.6, and subject to the provisions of paragraph (c) below, unless the terms of a Global Debt Security expressly permit such Global Debt Security to be exchanged in whole or in part for individual certificates
representing Debt Securities, a Global Debt Security may be transferred, in whole but not in part and in the manner provided in Section 3.6, only to a nominee of the Depository for such Global Debt Security, or to the Depository, or a successor
Depository for such Global Debt Security selected or approved by the Company, or to a nominee of such successor Depository. 
 (c) (1) If at
any time the Depository for a Global Debt Security notifies the Company that it is unwilling or unable to continue as Depository for such Global Debt Security or if at any time the Depository for the Global Debt Securities for such series shall no
longer be eligible or in good standing under the Securities Exchange Act of 1934, as amended, or other applicable statute or regulation, the Company shall appoint a successor Depository with respect to such Global Debt Security. If a successor
Depository for such Global Debt Security is not appointed by the Company within 90 days after the Company receives notice or becomes aware of such ineligibility, the Company will execute, and the Trustee or its agent, upon receipt of a Company
Request for the authentication and delivery of certificates representing Debt Securities of such series in exchange for such Global Debt Security, will authenticate and deliver, certificates representing Debt Securities of such series of like tenor
and terms in an aggregate principal amount equal to the principal amount of the Global Debt Security in exchange for such Global Debt Security. 

(2) The Company may at any time and in its sole discretion determine that the Debt Securities of any series or portion thereof
issued or issuable in the form of one or more Global Debt Securities shall no longer be represented by such Global Debt Security or Global Debt Securities. In such event the Company will execute, and the Trustee, upon receipt of a Company Request
for the authentication and delivery of certificates representing Debt Securities of such series in exchange in whole or in part for such Global Debt Security, will authenticate and deliver certificates representing Debt Securities of such series of
like tenor and terms in definitive form in an aggregate principal amount equal to the principal amount of such Global Debt Security or Global Debt Securities representing such series or portion thereof in exchange for such Global Debt Security or
Global Debt Securities. 
 (3) If specified by the Company pursuant to Section 3.1 with respect to Debt Securities
issued or issuable in the form of a Global Debt Security, the Depository for such Global Debt Security may surrender such Global Debt Security in exchange in whole or in part for certificates representing Debt Securities of such series of like tenor
and terms in definitive form on such terms as are acceptable to the Company and such Depository. Thereupon the Company shall execute, and the Trustee or its agent shall authenticate and deliver, without a service charge, (A) to each Holder
specified by the Debt Security Registrar or the Depository a certificate or certificates representing Debt Securities of the same series of like tenor and terms and of any authorized denomination as requested by such person in an aggregate principal
amount equal to and in exchange for such Holder’s beneficial interest as specified by the Debt Security Registrar or the Depository in the Global Debt Security; and (B) to such Depository a new Global Debt Security of like tenor and terms
and in an authorized denomination equal to the difference, if any, between the principal amount of the surrendered Global Debt Security and the aggregate principal amount of certificates representing Debt Securities delivered to Holders thereof.

 (4) In any exchange provided for in any of the preceding three paragraphs, the Company will execute and the Trustee or
its agent will authenticate and deliver certificates representing Debt Securities in definitive registered form in authorized denominations for Debt Securities of the same series or any integral multiple thereof. Upon the exchange of the entire
principal amount of a Global Debt Security for certificates representing Debt Securities, such Global Debt Security shall be cancelled by the Trustee or its agent. Except as provided in the preceding paragraph, certificates representing Debt
Securities issued in exchange for a Global Debt Security pursuant to this Section shall be registered in such names and in such authorized denominations for Debt Securities of that series or any integral multiple thereof, as the Debt Security
Registrar or Depository shall instruct the Trustee or its agent. The Trustee or the Debt Security 

  
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Registrar shall deliver at its Corporate Trust Office such certificates representing Debt Securities to the Holders in whose names such Debt Securities are so registered. 

ARTICLE III. 

THE DEBT SECURITIES 

Section 3.1 Title and Terms. The aggregate principal amount of Debt Securities which may be authenticated and delivered
under this Indenture is unlimited. 
 The Debt Securities may be issued in one or more series. All Debt Securities of each series issued
under this Indenture shall in all respects be equally and ratably entitled to the benefits hereof with respect to such series without preference, priority or distinction on account of the actual time or times of the authentication and delivery or
maturity of the Debt Securities of such series. Prior to the issuance of Debt Securities of any series, there shall be established in or pursuant to a Board Resolution, and set forth in an Officers’ Certificate to the extent not established in
a Board Resolution, or established in one or more Supplemental Indentures: 
 (a) the title of the Debt Securities of the series (which
shall distinguish the Debt Securities of the series from all other series of Debt Securities); 
 (b) any limit upon the aggregate principal
amount of the Debt Securities of the series which may be authenticated and delivered under this Indenture (except for Debt Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Debt
Securities of that series pursuant to this Article III, the second paragraph of Section 4.3, or Section 11.4); 
 (c) the
date or dates (or the manner of calculation thereof) on which the principal of the Debt Securities of the series is payable; 
 (d) the
Person to whom any interest on a Debt Security of the series shall be payable, if other than the Person in whose name that Debt Security is registered at the close of business on the regular record date for such interest; 

(e) the rate or rates (or the manner of calculation thereof), which may be fixed or variable, at which the Debt Securities of the series shall
bear interest, if any; 
 (f) the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest
shall be payable and the Regular Record Date for the interest payable on any Interest Payment Date; 
 (g) the Place of Payment; 

(h) the denominations in which the Debt Securities of such series shall be issuable if other than denominations of $1,000 and any integral
multiple thereof; 
 (i) if other than Dollars, the currencies in which payments of interest or principal of (and premium, if any, with
respect to) the Debt Securities of the series are to be made; 
 (j) if the interest on or principal of (or premium, if any, with respect
to) the Debt Securities of the series are to be payable, at the election of the Company or a Holder thereof or otherwise, in a currency other than that in which such Debt Securities are payable, the period or periods within which, and the other
terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the currency in such Debt Securities are denominated or stated to be payable and the currency in which such Debt Securities
or any of them are to be so payable; 
 (k) whether the amount of payments of interest on or principal of (or premium, if any, with respect
to) the Debt Securities of such series may be determined with reference to an index, formula or other method (which index, formula or method or method may be based, without limitation, on one or more currencies, commodities, equity indices or other
indices), and, if so, the terms and conditions upon which and the manner in which such amounts shall be determined and paid or payable; 

  
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 (l) the provisions, if any, relating to any security or collateral provided with respect to the
Debt Securities; 
 (m) the form and terms of guarantee, if any, of the Debt Securities; 

(n) the obligation, if any, and the option, if any, of the Company to redeem, purchase or repay Debt Securities of the series pursuant to any
sinking fund or analogous provisions or upon a specified date or the happening of a specified event or at the option of a Holder thereof or otherwise, and the price or prices at which, the period or periods within which and the terms and conditions
upon which Debt Securities of the series shall or may be redeemed, purchased or repaid, in whole or in part, pursuant to such obligations or options, including any deletions from, modifications of or additions to Article IV with respect to Debt
Securities of such series; 
 (o) the terms, if any, upon which the Debt Securities of the series may be convertible into or exchanged for
common stock or preferred stock of the Company, other Debt Securities, warrants for common stock or preferred stock of the Company other securities of any kind of the Company or any other obligor or issuer and the terms and conditions upon which
such conversion or exchange may or shall be effected, including the initial conversion or exchange price or rate, the conversion or exchange period and any other provision in addition to or in lieu of those described herein; 

(p) the extent to which any Debt Securities will be issuable in permanent global form, the manner in which any payments on a permanent global
Debt Security will be made, and the appointment of any Depository relating thereto; 
 (q) any deletions from, modifications of or additions
to the Events of Default or covenants with respect to the Debt Securities of such series, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein, and any change in the rights of the
Trustee or the Holders of the Debt Securities of such series upon any Event of Default or breach of any covenant; 
 (r) if any of the Debt
Securities of such series are to be issuable upon the exercise of warrants, this shall be so established as well as the time, manner and place for such Debt Securities to be authenticated and delivered; 

(s) if other than the Trustee, the identity of any trustees, authenticating, paying, transfer or other agents or registrars with respect to
the Debt Securities of such series; 
 (t) whether the Debt Securities of such series will be listed on any national securities exchange;

 (u) the right, if any, of the Company to defer payments of interest by extending the interest payment periods and the duration of such
extension, the interest payment dates on which such interest shall be payable and whether and under what circumstances additional interest on amounts deferred shall be payable; 

(v) any restrictions or other provisions on the transfer or exchange of the Debt Securities of such series; and 

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

All Debt Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or
pursuant to such Board Resolution and set forth in such Officers’ Certificate or in any such Supplemental Indenture. 

Section 3.2 Denominations. The Debt Securities of each series shall be issuable in registered form without coupons in such
denominations as shall be specified as contemplated in Section 3.1. In the absence of any specification with respect to the Debt Securities of any series, the Debt Securities of such series shall be issuable in denominations of $1,000 and any
integral multiple thereof, which may be in Dollars or any Foreign Currency. 

  
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 Section 3.3 Payment of Principal and Interest. The principal of, premium, if
any, and interest on the Debt Securities shall be payable at the office or agency of the Company designated for that purpose in the Place of Payment, as provided in Section 5.2; provided, however, that interest may be payable at the option of
the Company by check mailed to the address of the Person entitled thereto as such address shall appear on the Debt Security Register on the Regular Record Date for such interest payment. 

Section 3.4 Execution of Debt Securities. The Debt Securities shall be executed manually or by facsimile in the name and on
behalf of the Company by any of its Responsible Officers. Only such Debt Securities as shall bear thereon a certificate of authentication substantially in the form hereinbefore recited, manually executed by the Trustee, shall be entitled to the
benefits of this Indenture or be valid or become obligatory for any purpose. Such certificate by the Trustee upon any Debt Security executed by the Company shall be conclusive evidence that the Debt Security so authenticated has been duly
authenticated and delivered hereunder and that the Holder is entitled to the benefits of this Indenture. 
 In case any officer of the
Company who shall have executed any of the Debt Securities shall cease to be such officer before the Debt Securities so executed shall have been authenticated and delivered by the Trustee, or disposed of by the Company, such Debt Securities
nevertheless shall be valid and binding and may be authenticated and delivered or disposed of as though the Person who executed such Debt Securities had not ceased to be such officer of the Company; and any Debt Securities may be executed on behalf
of the Company by such Persons as, at the actual date of the execution of such Debt Security, shall be the proper officers of the Company, although at the date of such Debt Security or of the execution of this Indenture any such Person was not such
an officer. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Debt Securities
of any series, properly created in accordance with Section 3.1 and executed by the Company, to the Trustee for authentication; and the Trustee shall authenticate and deliver such Debt Securities upon receipt of a Company Order. In the event
that any other Person performs the Trustee’s duties as Authenticating Agent pursuant to a duly executed agreement, the Company shall notify the Trustee in writing of the issuance of any Debt Securities hereunder, such notice to be delivered in
accordance with the provisions of Section 16.3 on the date such Debt Securities are delivered by the Company for authentication to such other Person. 

Prior to any such authentication and delivery, the Trustee shall be entitled to receive, and shall be fully protected in relying upon, in
addition to the Opinion of Counsel to be furnished to the Trustee pursuant to Sections 2.2 and 16.5 and the Officers’ Certificate relating to the issuance of any series of Debt Securities pursuant to Sections 16.5 and 3.1, Opinions of Counsel
stating that: 
 (a) all instruments furnished to the Trustee conform to the requirements of this Indenture and constitute sufficient
authority hereunder for the Trustee to authenticate and deliver such Debt Securities; 
 (b) all laws and requirements with respect to the
form and execution by the Company of the Supplemental Indenture, if any, have been complied with, the execution and delivery of the Supplemental Indenture, if any, will not violate the terms of this Indenture, the Supplemental Indenture has been
duly qualified under the Trust Indenture Act of 1939, the Company has corporate or company power to execute and deliver any such Supplemental Indenture and has taken all necessary corporate action for those purposes and any such Supplemental
Indenture has been executed and delivered and constitutes the legal, valid and binding obligation of the Company enforceable in accordance with its terms (subject, as to enforcement of remedies, to applicable bankruptcy, reorganization, insolvency,
moratorium or other laws affecting creditors’ rights generally from time to time in effect); 
 (c) the form and terms of such Debt
Securities have been established in conformity with the provisions of this Indenture; and 
 (d) all laws and requirements with respect to
the execution and delivery by the Company of such Debt Securities have been complied with, the authentication and delivery of the Debt Securities by the Trustee will not violate the terms of this Indenture, the Company has the corporate or company
power to issue such Debt Securities and such Debt Securities, assuming due authentication and delivery by the Trustee, constitute legal, valid and binding obligations of the Company in accordance with their terms (subject, as to enforcement of
remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally 

  
 12 

 
from time to time in effect) and are entitled to the benefits of this Indenture, equally and ratably with all other Outstanding Debt Securities, if any, of such series. 

The Trustee shall not be required to authenticate such Debt Securities if the issue thereof will adversely affect the Trustee’s own
rights, duties or immunities under the Debt Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee or such action would expose the Trustee to personal liability to existing Holders. 

Unless otherwise provided in the form of Debt Security for any series, all Debt Securities shall be dated the date of their authentication.

 No Debt Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on
such Debt Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Debt Security shall be conclusive evidence, and the only evidence, that such
Debt Security has been duly authenticated and delivered hereunder. 
 Section 3.5 Temporary Debt Securities. Pending the
preparation of definitive Debt Securities of any series, the Company may execute, and upon receipt of the documents required by Sections 2.2, 3.1 and 3.4, together with a Company Order, the Trustee shall authenticate and deliver, such temporary Debt
Securities which may be printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denominations, substantially of the tenor of such definitive Debt Securities in lieu of which they are issued and with such appropriate
insertions, omissions, substitutions and other variations as the officers executing such temporary Debt Securities may determine, as evidenced by their execution of such temporary Debt Securities. 

If temporary Debt Securities of any series are issued, the Company will cause definitive Debt Securities of such series to be prepared without
unreasonable delay. After the preparation of definitive Debt Securities of any series, the temporary Debt Securities of such series shall be exchangeable for definitive Debt Securities of such series, upon surrender of the temporary Debt Securities
of such series at any office or agency maintained by the Company for such purposes as provided in Section 5.2, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Debt Securities of any series, the Company
shall execute and the Trustee shall authenticate and deliver in exchange therefore a like principal amount of definitive Debt Securities of such series having the same interest rate and Stated Maturity and bearing interest from the same date of any
authorized denominations. Until so exchanged the temporary Debt Securities of such series shall in all respects be entitled to the same benefits under this Indenture as definitive Debt Securities of such series. 

Section 3.6 Exchange and Registration of Transfer of Debt Securities. Debt Securities may be exchanged for a like aggregate
principal amount of Debt Securities of such series that are of other authorized denominations. Debt Securities to be exchanged shall be surrendered at any office or agency to be maintained for such purpose by the Company, as provided in
Section 5.2, and the Company shall execute and the Trustee shall authenticate and deliver in exchange therefore the Debt Security or Debt Securities of authorized denominations which the Debt Security Holder making the exchange shall be
entitled to receive. Each agent of the Company appointed pursuant to Section 5.2 as a person authorized to register and register transfer of Debt Securities is sometimes herein referred to as a “Debt Security Registrar.” 

The Company shall keep, at each such office or agency of the Company maintained for such purpose, as provided in Section 5.2, a register
for each series of Debt Securities hereunder (the registers of all Debt Security Registrars being herein sometimes collectively referred to as the “Debt Security Register”) in which, subject to such reasonable regulations as it may
prescribe, the Company shall provide for the registration of Debt Securities and shall register the transfer of Debt Securities as provided in this Article III. At all reasonable times, such Debt Security Register shall be open for inspection
by the Trustee and any Debt Security Registrar other than the Trustee. Upon due presentment for registration of transfer of any Debt Security at any such office or agency, the Company shall execute and register and the Trustee shall authenticate and
deliver in the name of the transferee or transferees a new Debt Security or Debt Securities of authorized denominations for an equal aggregate principal amount. Registration or registration of transfer of any Debt Security by any Debt Security
Registrar in the registry books maintained by such Debt Security Registrar, and delivery of such Debt Security, duly authenticated, shall be deemed to complete the registration or registration of transfer of such Debt Security. 

  
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 The Company will at all times designate one Person (who may be the Company and who need not be a
Debt Security Registrar) to act as repository of a master list of names and addresses of Holders of the Debt Securities. The Trustee shall act as such repository unless and until some other Person is, by written notice from the Company to the
Trustee and each Debt Security Registrar, designated by the Company to act as such. The Company shall cause each Debt Security Registrar to furnish to such repository, on a current basis, such information as such repository may reasonably request as
to registrations, transfers, exchanges and other transactions effected by such registrar, as may be necessary or advisable to enable such repository to maintain such master list on as current a basis as is reasonably practicable. 

No Person shall at any time be appointed as or act as a Debt Security Registrar unless such Person is at such time empowered under applicable
law to act as such and duly registered to act as such under and to the extent required by applicable law and regulations. 
 All Debt
Securities presented to a Debt Security Registrar for registration of transfer shall be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company and such Debt Security Registrar duly
executed by the registered Holder or such Holder’s attorney duly authorized in writing. 
 No service charge shall be made for any
exchange or registration of transfer of Debt Securities, but the Company or the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 

The Company shall not be required to issue, exchange or register a transfer of (a) any Debt Securities of any series for a period of 15
days next preceding the mailing of a notice of redemption of Debt Securities of such series and ending at the close of business on the day of the mailing of a notice of redemption of Debt Securities of such series so selected for redemption, or
(b) any Debt Securities selected, called or being called for redemption except, in the case of any Debt Security to be redeemed in part, the portion thereof not so to be redeemed. 

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

None of the Trustee, any agent of the Trustee, any Paying Agent or the Company will have any responsibility or liability for any aspect of the
records relating to or payments made on account of beneficial ownership interests of a Global Debt Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

Section 3.7 Mutilated, Destroyed, Lost or Stolen Debt Securities. In case any temporary or definitive Debt Security shall
become mutilated or be destroyed, lost or stolen, the Company in its discretion may execute, and upon its request the Trustee shall authenticate and deliver, a new Debt Security, bearing a number, letter or other distinguishing mark not
contemporaneously Outstanding, in exchange and substitution for the mutilated Debt Security, or in lieu of and in substitution for the Debt Security so destroyed, lost or stolen. In every case the applicant for a substituted Debt Security shall
furnish to the Company and to the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company and to the Trustee
evidence to their satisfaction of the destruction, loss or theft, of such Debt Security and of the ownership thereof. 
 In the absence of
notice to the Trustee or the Company that such Debt Security has been acquired by a bona fide purchaser, the Trustee shall authenticate any such substituted Debt Security and deliver the same upon any Company Request. Upon the issuance of any
substituted Debt Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses connected therewith. In case any Debt Security which has
matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substituted Debt Security, pay or authorize the payment of the same (without surrender thereof except in the case of a
mutilated Debt Security) if the applicant for such payment shall furnish to the Company and to the Trustee such security or indemnity as may be required by them to save each of them harmless and, in case of destruction, loss or theft, evidence
satisfactory to the Company and to the Trustee of the destruction, loss or theft of such Debt Security and of the ownership thereof. 

  
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 Every substituted Debt Security issued pursuant to the provisions of this Section 3.7 by
virtue of the fact that any Debt Security is destroyed, lost or stolen shall constitute an additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Debt Security shall be found at any time, and shall be entitled
to all the benefits of this Indenture equally and proportionately with any and all other Debt Securities duly issued hereunder. All Debt Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with
respect to the replacement or payment of mutilated, destroyed, lost or stolen Debt Securities and shall preclude (to the extent permitted by law) any and all other rights or remedies with respect to the replacement or payment of negotiable
instruments or other securities without their surrender. 
 Section 3.8 Payment of Interest; Interest Rights Preserved.
Interest which is payable, and is punctually paid or duly provided for, on any Interest Payment Date, on any Debt Security, shall unless otherwise provided in such Debt Security be paid to the Person in whose name the Debt Security (or one or more
Predecessor Debt Securities) is registered at the close of business on the Regular Record Date for such interest. 
 Unless otherwise stated
in the form of Debt Security of a series, interest on the Debt Securities of any series shall be computed on the basis of a 360 day year comprised of twelve 30 day months. 

Any interest on any Debt Security which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein
called “Defaulted Interest”) shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in
each case, as provided in Clause (a) or (b) below: 
 (a) The Company may elect to make payment of any Defaulted Interest to the
Persons in whose names any such Debt Securities (or their respective Predecessor Debt Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following
manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Debt Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of
money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in
trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less
than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and
at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefore to be mailed, first-class postage prepaid, to each Holder of such Debt Securities, at such Holder’s
address as it appears in the Debt Security Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefore having been mailed as aforesaid, such
Defaulted Interest shall be paid to the Persons in whose names such Debt Securities (or their respective Predecessor Debt Securities) are registered on such Special Record Date and shall no longer be payable pursuant to the following Clause (b).

 (b) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Debt Securities of that series may be listed, and upon such notice as may be required by such exchange, if , after notice given by the Company to the Trustee of the proposed payment pursuant to this Clause, such
payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section, each Debt Security delivered
under this Indenture upon transfer of or in exchange for or in lieu of any other Debt Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Debt Security. 

Section 3.9 Persons Deemed Owners. The Company, the Trustee and any agent of the Company or the Trustee may treat the
Person in whose name any Debt Security is registered as the owner of such Debt Security for the purpose of receiving payment of principal of, premium, if any, and (subject to Section 3.8) interest on, such Debt Security and for all other
purposes whatsoever whether or not such Debt 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. 

  
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 Section 3.10 Cancellation of Debt Securities Paid. All Debt Securities
surrendered for the purpose of payment, redemption, exchange or registration of transfer or delivered in satisfaction in whole or in part of any sinking fund obligation shall, if surrendered to the Company or any agent of the Trustee or the Company
under this Indenture, be delivered to the Trustee and promptly cancelled by it, or, if surrendered to the Trustee, shall be promptly cancelled by it, and no Debt Securities shall be issued in lieu thereof except as expressly permitted by any of the
provisions of this Indenture. The Trustee shall dispose of cancelled Debt Securities in accordance with its customary procedures unless otherwise directed by a Company Order. 

Section 3.11 Currency and Manner of Payments. (a) With respect to Debt Securities denominated in Dollars or a Foreign
Currency, the following payment provisions shall apply: 
 (1) Except as provided in subparagraph (a)(2) or in
paragraph (c) of this Section 3.11, payment of principal of and premium, if any, on any Debt Securities will be made at the offices established pursuant to Section 5.2 by delivery of a check in the currency in which the Debt Security
is denominated on the payment date against surrender of such Debt Security, and any interest on any Debt Security will be paid at such office by mailing a check in the currency in which the Debt Securities were issued to the Person entitled thereto
at the address of such Person appearing on the Debt Security Register. 
 (2) Payment of the principal of and premium, if
any, and interest on such Debt Security may also, subject to applicable laws and regulations, be made at such other place or places as may be designated by the Company by any appropriate method. 

(b) Not later than the fourth Business Day after the Regular Record Date for such Interest Payment Date, the Paying Agent will deliver to the
Company a written notice specifying, in the currency in which each series of the Debt Securities are denominated, the respective aggregate amounts of principal of and premium, if any, and interest on the Debt Securities to be made on such payment
date, specifying the amounts so payable in respect of the Debt Securities. The failure of the Paying Agent to deliver such notice shall not relieve the Company from its obligation to make all payments with respect to any Debt Security when due. 

(c) If the Foreign Currency in which any of the Debt Securities are denominated ceases to be used both by the government of the country which
issued such currency and for the settlement of transactions by public institutions of or within the international banking community, then with respect to each date for the payment of Foreign Currency occurring after the last date on which the
Foreign Currency was so used (the “Conversion Date”), the Dollar shall be the currency of payment for use on each such Interest Payment Date. The Dollar amount to be paid by the Company to the Trustee and by the Trustee or any Paying Agent
to the Holder of such Debt Securities with respect to such payment date shall be the Dollar Equivalent of the Foreign Currency as determined by the Currency Determination Agent as of the second Business Day preceding the applicable payment date (the
“Valuation Date”) in the manner provided in paragraph (d). 
 (d) The “Dollar Equivalent of the Foreign Currency” shall
be determined by the Currency Determination Agent as of each Valuation Date and shall be obtained by converting the specified Foreign Currency into Dollars at the Market Exchange Rate on the Valuation Date. 

(e) The “Market Exchange Rate” shall mean, for any currency, the highest firm bid quotation for U.S. dollars received by the
Currency Determination Agent at approximately 11:00 a.m., New York City time, on the second Business Day preceding the applicable payment date (or, if no such rate is quoted on such date, the last date on which such rate was quoted), from three
recognized foreign exchange dealers in the City of New York selected by the Currency Determination Agent and approved by the Company (one of which may be the Currency Determination) for the purchase by the quoting dealer, for settlement on such
payment date, of the aggregate amount of such currency payable on such payment in respect of all Notes denominated in such currency. 
 (f)
All decisions and determinations of the Currency Determination Agent regarding the Dollar Equivalent of the Foreign Currency and the Market Exchange Rate shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for
all purposes and irrevocably binding upon the Company and all Holders of the Debt Securities. In the event that the Foreign Currency ceases to be used both by the government of the country which issued such currency and for the settlement of
transactions by public institutions of or within the international banking community, the Company, after learning thereof, will promptly give notice thereof to the 

  
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Trustee (and the Trustee will promptly thereafter give notice in the manner provided in Section 16.3 to the Holders) specifying the Conversion Date. 

(g) The Trustee shall be fully justified and protected in relying on and acting upon the information so received by it from the Company or the
Currency Determination Agent and shall not otherwise have any duty or obligation to determine such information independently. If the principal of (and premium, if any) and interest on any Debt Securities is payable in a Foreign Currency and such
Foreign Currency is not available for payment due to the imposition of exchange controls or other circumstances beyond the control of the Company, then the Company shall be entitled to satisfy its obligations to Holders under this Indenture by
making such payment in Dollars on the basis of the Market Exchange Rate for such Foreign Currency on the latest date for which such rate was established on or before the date on which payment is due. Any payment made pursuant to this
Section 3.11 in Dollars where the required payment is in a Foreign Currency shall not constitute a default or Event of Default under this Indenture. 

ARTICLE IV. 

REDEMPTION OF DEBT SECURITIES; SINKING FUNDS 

Section 4.1 Applicability of Article. The Company may reserve the right to redeem and pay before Stated Maturity all or any
part of the Debt Securities of any series, either by optional redemption, sinking fund (mandatory or optional) or otherwise, by provision therefor in the form of Debt Security for such series on such terms as are specified in such form or the Board
Resolution or Officers’ Certificate delivered pursuant to Section 3.1 or the Supplemental Indenture as provided in Section 3.1 with respect to Debt Securities of such series. Redemption of Debt Securities of any series shall be made
in accordance with the terms of such Debt Securities and, to the extent that this Article does not conflict with such terms, in accordance with this Article. 

Section 4.2 Notice of Redemption; Selection of Debt Securities. In case the Company shall desire to exercise the right to
redeem all, or, as the case may be, any part of a series of Debt Securities pursuant to Section 4.1, the Company shall fix a date for redemption and the Company, or, at the Company’s request, the Trustee in the name of and at the expense
of the Company, shall mail a notice of such redemption at least 30 and not more than 60 days prior to the date fixed for redemption to the Holders of Debt Securities so to be redeemed as a whole or in part at their last addresses as the same appear
on the Debt Securities Register. Such mailing shall be by first class mail. The notice if mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the Holder receives such notice. In any case,
failure to give such notice by mail or any defect in the notice to the Holder of any Debt Security designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Debt Security. 

Notice of redemption shall be given in the name of the Company and shall specify the date fixed for redemption, the Redemption Price at which
Debt Securities of any series are to be redeemed, the place of payment (which shall be at the offices or agencies to be maintained by the Company pursuant to Section 5.2), that payment of the Redemption Price will be made upon presentation and
surrender of such Debt Securities, that interest accrued to the date fixed for redemption will be paid as specified in such notice that on and after such date interest thereon or on the portions thereof to be redeemed will cease to accrue, and the
Section of this Indenture pursuant to which Debt Securities will be redeemed. In case less than all Debt Securities of any series are to be redeemed, the notice of redemption shall also identify the particular Debt Securities to be redeemed as
a whole or in part and shall state that the redemption is for the sinking fund, if such is the case. In case any Debt Security is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to be
redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Debt Security, a new Debt Security or Debt Securities of such series in aggregate principal amount equal to the unredeemed portion thereof will be
issued without charge to the Holder. 
 If less than all the Debt Securities of any series are to be redeemed, the Company shall give the
Trustee notice, at least 45 days (or such shorter period acceptable to the Trustee) in advance of the date fixed for redemption, as to the aggregate principal amount of Debt Securities to be redeemed. Debt Securities may be redeemed in part in
multiples equal to the minimum authorized denomination for Debt Securities of such series or any multiple thereof. Thereupon the Trustee shall select, in such manner as in its sole discretion it shall deem appropriate and fair, the Debt Securities
or portions thereof to be redeemed, and shall as promptly as practicable notify the Company of the Debt Securities or portions thereof so selected. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to
the redemption of Debt Securities of any series shall relate, in the case of any 

  
 17 

 
Debt Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Debt Security which has been or is to be redeemed. 

On or prior to the date fixed for redemption specified in the notice of redemption given as provided in this Section 4.2, the Company
will deposit with the Trustee or with the Paying Agent an amount of money in the currency in which the Debt Securities of such series are payable sufficient to redeem on the date fixed for redemption all the Debt Securities so called for redemption
at the appropriate Redemption Price, together with accrued interest to the date fixed for redemption. 
 The Trustee shall not mail any
notice of redemption of any series of Debt Securities during the continuation of any default in payment of interest on any series of Debt Securities when due or of any Event of Default, except that where notice of redemption with respect to any
series of Debt Securities shall have been mailed prior to the occurrence of such default or Event of Default, the Trustee shall redeem such Debt Securities provided funds are deposited with it for such purpose. 

Section 4.3 Payment of Debt Securities Called for Redemption. If notice of redemption has been given as herein provided,
the Debt Securities or portions of Debt Securities with respect to which such notice has been given shall become due and payable on the date and at the place stated in such notice at the applicable Redemption Price, together with interest accrued to
the date fixed for redemption, and on and after such date (unless the Company shall default in the payment of such Debt Securities or portions thereof at the Redemption Price, together with interest accrued to such date) interest on the Debt
Securities or portions of Debt Securities so called for redemption shall cease to accrue, and such Debt Securities and portions of Debt Securities shall be deemed not to be Outstanding hereunder and shall not be entitled to any benefit under this
Indenture except to receive payment of the Redemption Price, together with accrued interest to the date fixed for redemption. On presentation and surrender of such Debt Securities at the place of payment in such notice specified, such Debt
Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable Redemption Price, together with interest accrued thereon to the date fixed for redemption; provided, however, that any installments of interest
becoming due on the date fixed for redemption shall be payable to the Holders of such Debt Securities, or one or more previous Debt Securities evidencing all or a portion of the same debt as that evidenced by such particular Debt Securities,
registered as such on the relevant record dates according to their terms and the provisions of Section 3.8. 
 Upon presentation and
surrender of any Debt Security redeemed in part only, with, if the Company or the Trustee so required, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof
or such Holder’s attorney duly authorized in writing, the Company shall execute and the Trustee shall authenticate and deliver to the Holder thereof, at the expense of the Company, a new Debt Security or Debt Securities of the same series
having the same interest rate and Stated Maturity and bearing interest from the same date, of any authorized denominations as requested by such Holder, in aggregate principal amount equal to the unredeemed portion of the Debt Security so presented
and surrendered. 
 Section 4.4 Exclusion of Certain Debt Securities from Redemption. Debt Securities shall be excluded
from eligibility for selection for redemption if they are identified by registration and certificate number in a written statement signed by a Responsible Officer of the Company and delivered to the Trustee at least 45 days prior to the last date on
which notice of redemption may be given as being owned of record and beneficially by, and not pledged or hypothecated by, either (a) the Company or (b) an entity specifically identified in such written statement directly or indirectly
controlling or controlled by or under direct or indirect common control with the Company. 
 Section 4.5 Provisions with
Respect to any Sinking Funds. Unless the form or terms of any series of Debt Securities shall provide otherwise, in lieu of making all or any part of any mandatory sinking fund payment with respect to such series of Debt Securities in cash, the
Company may at its option (a) deliver to the Trustee for cancellation any Debt Securities of such series theretofore acquired by the Company, or (b) receive credit for any Debt Securities of such series (not previously so credited)
acquired by the Company and theretofore delivered to the Trustee for cancellation, then Debt Securities so delivered or credited shall be credited at the applicable sinking fund Redemption Price with respect to the Debt Securities of such series.

 On or before the 45th day next preceding each sinking fund Redemption Date, the Company will deliver to the Trustee a certificate signed
by the Chief Financial Officer, any Vice President, the Treasurer or any Assistant Treasurer of the Company specifying (i) the portion of the mandatory sinking fund payment to be satisfied by 

  
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deposit of cash in the currency in which the Debt Securities of such series are payable, by delivery of Debt Securities theretofore purchased or otherwise acquired by the Company (which Debt
Securities shall accompany such certificate) and by credit for Debt Securities acquired by the Company and theretofore delivered to the Trustee for cancellation redeemed by the Company and stating that the credit to be applied has not theretofore
been so applied and (ii) whether the Company intends to exercise its right, if any, to make an optional sinking fund payment, and, if so, the amount thereof. Such certificate shall also state that no Event of Default has occurred and is
continuing. Such certificate shall be irrevocable and upon its delivery the Company shall be obligated to make the payment or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. In case of the failure of
the Company on or before the 45th day next preceding each sinking fund Redemption Date to deliver such certificate (or to deliver the Debt Securities specified in this paragraph), the sinking fund payment due on the next succeeding sinking fund
payment date shall be paid entirely in cash (in the currency described above) and shall be sufficient to redeem the principal amount of Debt Securities as a mandatory sinking fund payment, without the option to deliver or credit Debt Securities as
provided in the first paragraph of this Section 4.5 and without the right to make an optional sinking fund payment as provided herein. 

If the sinking fund payment or payments (mandatory or optional) with respect to any series of Debt Securities made in cash (in the currency
described above) shall exceed the minimum authorized denomination set forth in an Officers’ Certificate pursuant to Section 3.1 or the equivalent in the currency in which the Debt Securities of such series are payable (or a lesser sum if
the Company shall so request), unless otherwise provided by the terms of such series of Debt Securities, such cash shall be applied by the Trustee on the sinking fund Redemption Date with respect to Debt Securities of such series at the applicable
sinking fund Redemption Price with respect to Debt Securities of such series, together with accrued interest, if any, to the date fixed for redemption, with the effect provided in Section 4.3. The Trustee shall select, in the manner provided in
Section 4.2, for redemption on such sinking fund Redemption Date a sufficient principal amount of Debt Securities of such series to utilize such cash and shall thereupon cause notice of redemption of the Debt Securities of such series for the
sinking fund to be given in the manner provided in Section 4.2 (and with the effect provided in Section 4.3) for the redemption of Debt Securities in part at the option of the Company. Debt Securities of any series which are identified by
registration and certificate number in an Officers’ Certificate at least 45 days prior to the sinking fund Redemption Date as being beneficially owned by, and not pledged or hypothecated by, the Company or an entity directly or indirectly
controlling or controlled by or under direct or indirect common control with the Company shall be excluded from Debt Securities of such series eligible for selection for redemption. Any sinking fund moneys not so applied or allocated by the Trustee
to the redemption of Debt Securities of such series shall be added to the next cash sinking fund payment with respect to Debt Securities of such series received by the Trustee and, together with such payment, shall be applied in accordance with the
provisions of this Section 4.5. Any and all sinking fund moneys with respect to Debt Securities of any series held by the Trustee at the maturity of Debt Securities of such series, and not held for the payment or redemption of particular Debt
Securities of such series, shall be applied by the Trustee, together with other moneys, if necessary, to be deposited sufficient for the purpose, to the payment of the principal of the Debt Securities of such series at maturity. 

The Trustee shall not convert any currency in which the Debt Securities of such series are payable for the purposes of such sinking fund
application unless a Company Request is made, and any such conversion agreed to by the Trustee in response to such request shall be for the account and at the expense of the Company and shall not affect the Company’s obligation to pay the
Holders in the currency to which such Holder is entitled. 
 On or before each sinking fund Redemption Date provided with respect to Debt
Securities of any series, the Company shall pay to the Trustee in cash in the currency described above a sum equal to all accrued interest, if any, to the date fixed for redemption on Debt Securities to be redeemed on such sinking fund Redemption
Date pursuant to this Section 4.5. 
 ARTICLE V. 

COVENANTS OF THE COMPANY 

Section 5.1 Payment of Principal, Premium and Interest. The Company will duly and punctually pay or cause to be paid (in
the currency in which the Debt Securities of such series are payable) the principal of and premium, if any, and interest on each of the Debt Securities at the place (subject to Section 3.3), at the respective times and in the manner provided in
each series of Debt Securities and in this Indenture. 

  
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 Section 5.2 Offices for Notices and Payments. (a) So long as the Debt
Securities of any series remain Outstanding, the Company will maintain at the Place of Payment an office or agency where the Debt Securities may be presented for payment, an office or agency where the Debt Securities may be presented for
registration of transfer and for exchange as provided in this Indenture, and an office or agency where notices and demands to or upon the Company in respect of the Debt Securities or of this Indenture may be served, and shall give the Trustee
written notice thereof and any changes in the location thereof. In case the Company shall at any time fail to maintain any such office or agency, or shall fail to give notice to the Trustee of any change in the location thereof, presentation and
demand may be made and notice may be served in respect of the Debt Securities or of this Indenture at such office of the Trustee. 
 (b) In
addition to the office or agency maintained by the Company pursuant to Section 5.2(a), the Company may from time to time designate one or more other offices or agencies where the Debt Securities may be presented for payment and presented for
registration of transfer and for exchange in the manner provided in this Indenture, and the Company may from time to time rescind such designations, as the Company may deem desirable or expedient; provided, however, that no such designation
or rescission shall in any manner relieve the Company of its obligation to maintain such office and agency at the Place of Payment, for the purposes abovementioned. The Company will give to the Trustee prompt written notice of (i) any such
designation or rescission thereof, and (ii) the location of any such office or agency outside the Place of Payment and of any change of location thereof. 

Section 5.3 Appointments to Fill Vacancies in Trustee’s Office. The Company, whenever necessary to avoid or fill a
vacancy in the office of Trustee, will appoint, in the manner provided in Section 8.10, a Trustee, so that there shall at all times be a Trustee hereunder. 

Section 5.4 Provisions as to Paying Agent. (a) (1) Whenever the Company shall have one or more Paying Agents for
any series of Debt Securities other than the Trustee, it will, on or before each due date of the principal of (and premium, if any) or interest on any Debt Securities of such series, deposit with a Paying Agent a sum sufficient to pay such amount
becoming due, such sum to be held as provided by the Trust Indenture Act of 1939, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

(2) The Company will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in
which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: (i) comply with the provisions of the Trust Indenture Act of 1939 applicable to it as a Paying Agent and
(ii) during the continuance of any default by the Company (or any other obligor upon any series of Debt Securities) in the making of any payment in respect of the Debt Securities of such series, upon the written request of the Trustee,
forthwith pay to the Trustee all sums held in trust by such Paying Agent as such. 
 (b) If the Company shall act as its own Paying Agent,
it will, on or prior to each due date of the principal of and premium, if any, or interest on Debt Securities of any series, set aside, segregate and hold in trust for the benefit of the Holders of such Debt Securities a sum sufficient to pay such
principal and premium, if any, or interest so becoming due and will notify the Trustee of any failure to take such action and of any failure by the Company (or by any other obligor on such series of Debt Securities) to make any payment of the
principal of and premium, if any, or interest on the Debt Securities when the same shall become due and payable. 
 (c) Anything in this
Section 5.4 to the contrary notwithstanding, the Company may, at any time, for the purpose of obtaining a satisfaction and discharge of this Indenture with respect to any or all series of Debt Securities then Outstanding, or for any other
reason, pay or cause to be paid to the Trustee all sums held in trust by the Company, or any Paying Agent hereunder, as required by this Section 5.4, such sums to be held by the Trustee in accordance with the trusts herein contained. 

(d) Anything in this Section 5.4 to the contrary notwithstanding, the agreement to hold sums in trust provided in this Section 5.4
is subject to Section 14.4. 
 Section 5.5 Certificate to Trustee. So long as the Debt Securities of any series
remain Outstanding, the Company and each Guarantor, if any, of such Debt Securities will deliver to the Trustee on or before 120 days after the end of each fiscal year an Officers’ Certificate stating that in the course of the performance by
the signers 

  
 20 

 
of their duties as officers of the Company, they would normally have knowledge of any default by the Company in the performance or fulfillment or observance of any covenants or agreements
contained herein during the preceding fiscal year, stating whether or not they have knowledge of any such default and, if so, specifying each such default of which the signers have knowledge and the nature thereof. The Officers’ Certificate
need not comply with Section 16.5. 
 Section 5.6 Reports by the Company. The Company agrees to file with the
Trustee and the Commission, and transmit to Holders, such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act of 1939 at the times and in the manner provided pursuant to such
Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, shall be filed with the Trustee within 15 days after
the same is so required to be filed with the Commission; provided further that any such information, documents or reports filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval (or EDGAR) system or any successor
thereto shall be deemed to be filed with the Trustee and transmitted to the Holders. 
 Section 5.7 Merger or
Consolidation. The Company will not, while any of the Debt Securities remain Outstanding, consolidate with, or merge into, or merge into itself, or sell or convey all or substantially all of its property to, any other company unless the
provisions of Article XIII hereof are complied with. 
 ARTICLE VI. 

HOLDERS’ LISTS AND REPORTS BY THE TRUSTEE 

Section 6.1 Holders’ Lists. The Company covenants and agrees that it will furnish or cause to be furnished to the
Trustee, not more than 15 days after each Regular Record Date with respect to the Debt Securities of any series, and at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request, a list
in such form as the Trustee may reasonably require of the names and addresses of the Holders of Debt Securities of such series as of a date not more than 15 days prior to the time such information is furnished; provided, however, that no such list
with respect to any particular series of Debt Securities need be furnished at any such time if the Trustee is in possession thereof by reason of its acting as the Debt Security Registrar for such series designated under Section 3.6 or
otherwise. 
 Section 6.2 Preservation and Disclosure of Lists. (a) The Trustee shall preserve, in as current a form
as is reasonably practicable, all information as to the names and addresses of the Holders of Debt Securities contained in the most recent list furnished to it as provided in Section 6.1 or received by the Trustee in the capacity of the Debt
Security Registrar (if so acting) under Section 3.6. The Trustee may destroy any list furnished to it as provided in Section 6.1 upon receipt of a new list so furnished. 

(b) The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Debt Securities of
any series or of all Debt Securities, and the corresponding rights and duties of the Trustee, shall be as provided by the Trust Indenture Act of 1939. 

(c) Every Holder of Debt Securities, by receiving and holding such securities, agrees with the Company and the Trustee that neither the
Company nor the Trustee nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act of 1939. 

Section 6.3 Reports by the Trustee. (a) The Trustee shall transmit to Holders such reports concerning the Trustee and
its actions under this Indenture as may be required pursuant to the Trust Indenture Act of 1939 at the times and in the manner provided pursuant thereto. The interval between transmissions of reports to be transmitted at intervals shall be twelve
months or such shorter time required by the Trust Indenture Act of 1939. If the Trust Indenture Act of 1939 does not specify the date on which a report is due, the such report shall be due on July 15 of each year following the first issuance of
Debt Securities. 
 (b) A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each
stock exchange upon which Debt Securities of any series are listed, with the Commission and with 

  
 21 

 
the Company. The Company will notify the Trustee when the Debt Securities of any series are listed on any stock exchange and of any delisting thereof. 

ARTICLE VII. 

DEFAULTS AND REMEDIES 

Section 7.1 Events of Default. “Event of Default,” with respect to any series of Debt Securities, wherever used
herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order,
rule or regulation of any administrative or governmental body), unless such event is either inapplicable to such series or it is specifically deleted or modified in the Board Resolution, Officers’ Certificate or Supplemental Indenture
under which such series of Debt Securities is issued or in the form of Debt Security for such series: 
 (a) failure on the part of the
Company to pay any installment of interest due upon any Debt Security of such series, and continuance of such failure for a period of 30 days; 

(b) default in the payment of the principal of and premium, if any, on any Debt Security of such series as and when the same shall become due
and payable either at maturity, upon redemption, by declaration of acceleration or otherwise; provided, however, that notwithstanding the foregoing, the Company’s failure to pay, if caused solely by a wire transfer malfunction or similar
problem outside the Company’s control, shall not be deemed an Event of Default; 
 (c) failure on the part of the Company to make a
payment to a sinking fund or other comparable fund, if any, established to facilitate repayment of amounts owed under such series of Debt Securities as and when the same shall become due and payable by the terms of such Debt Securities, and
continuance of such failure for a period of 30 days; 
 (d) failure on the part of the Company duly to observe or perform any of the
covenants, warranties or agreements on the part of the Company in respect of the Debt Securities of such series in this Indenture (other than a covenant, warranty or agreement a default in whose performance or whose breach is specifically dealt with
elsewhere in this Section) continued for a period of 90 days after the date on which written notice of such failure, specifying such failure and requiring the same to be remedied, shall have been given to the Company by the Trustee, by registered
mail, or to the Company and the Trustee by the Holders of at least a majority of the aggregate principal amount of the Outstanding Debt Securities of such series; 

(e) a decree or order by a court having jurisdiction in the premises shall have been entered adjudging the Company a bankrupt or insolvent, or
approving as properly filed a petition seeking reorganization of the Company under the Federal bankruptcy laws or any other similar applicable Federal or state law, and such decree or order shall have continued undischarged and unstayed for a period
of 60 days; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver or liquidator or trustee or assignee or other similar official in bankruptcy or insolvency of the Company or of all or substantially
all of its property, or for the winding up or liquidation of its affairs, shall have been entered, and such decree or order shall have continued undischarged and unstayed for a period of 60 days; 

(f) the Company shall institute proceedings to be adjudicated a voluntary bankrupt, or shall consent to the filing of a bankruptcy proceeding
against it, or shall file a petition or answer or consent seeking an arrangement or a reorganization under the Federal bankruptcy laws or any other similar applicable Federal or state law, or shall consent to the filing of any such petition, or
shall consent to the appointment of a receiver or liquidator or trustee or assignee or other similar official in bankruptcy or insolvency of it or of all or substantially all of its property, or shall make an assignment for the benefit of creditors,
or shall admit in writing its inability to pay its debts generally as they become due; or 
 (g) any other Event of Default provided in the
Board Resolution, Officers’ Certificate or the Supplemental Indenture under which such series of Debt Securities is issued or in the form of Debt Security for such series; 

  
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 then and in each and every such case, so long as such Event of Default with respect to any series of Debt
Securities for which there are Debt Securities Outstanding occurs and is continuing (other than an Event of Default specified in clause (e) or (f) of Section 7.1) and shall not have been remedied or waived to the extent permitted by
the terms of this Indenture, unless the principal of all of the Debt Securities of such series shall have already become due and payable, either the Trustee or the Holders of not less than a majority of the aggregate principal amount of the
Outstanding Debt Securities of such series, by notice in writing to the Company (and to the Trustee if given by Holders), may declare the principal (or, if the Debt Securities of that series are Original Issue Discount Debt Securities, such portion
of the principal amount as may be specified in the terms of that series) of all the Debt Securities of such series and the interest accrued thereon to be due and payable immediately, and upon any such declaration the same shall become and shall be
immediately due and payable, anything in this Indenture or in the Debt Securities of such series contained to the contrary notwithstanding. If an Event of Default specified in clause (e) or (f) of Section 7.1 occurs and is
continuing, then the principal amount of (or, if the Debt Securities of that series are Original Issue Discount Debt Securities, such portion of the principal amount as may be specified in the terms thereof as due and payable upon acceleration) and
any accrued and unpaid interest on that series shall immediately become due and payable without any declaration or other act on the part of the Trustee or any Holder. This provision, however, is subject to the condition that if, at any time
after the principal of the Debt Securities of such series shall have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Company shall
pay or shall deposit with the Trustee a sum sufficient to pay in the currency in which the Debt Securities of such series are payable all matured installments of interest upon all of the Debt Securities and the principal of and premium, if any, on
any and all Debt Securities of such series which shall have become due otherwise than by such declaration (with interest on overdue installments of interest to the extent that payment of such interest is enforceable under applicable law and on such
principal and premium, if any, at the rate borne by the Debt Securities of such series or as otherwise provided in the form of Debt Security for such series, to the date of such payment or deposit) and the expenses of the Trustee (subject to
Section 8.6), and any and all defaults under this Indenture, other than the nonpayment of principal of and accrued interest on Debt Securities of such series which shall have become due by such declaration, shall have been cured or shall have
been waived in accordance with Section 7.7 or provision deemed by the Trustee to be adequate shall have been made therefor — then and in every such case the Holders of at least a majority in aggregate principal amount of the Debt
Securities of such series then Outstanding, by written notice to the Company and to the Trustee, may rescind and annul such declaration and its consequences; but no such rescission and annulment shall extend to or shall affect any subsequent
default, or shall impair any right consequent thereon. 
 In case the Trustee or any Holders shall have proceeded to enforce any right under
this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission and annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company, the
Trustee and the Holders shall be restored respectively to their several positions and rights hereunder, and all rights, remedies and powers of the Company, the Trustee and the Holders shall continue as though no such proceeding had been taken. 

Section 7.2 Payment of Debt Securities Upon Default; Suit Therefor. (a) The Company covenants that upon the occurrence
of an Event of Default of the type described in Section 7.1(a), 7.1(b) or 7.1(c), the Company, upon demand of the Trustee, will pay to the Trustee, for the benefit of the Holders of any such series, the whole amount that then shall have become
due and payable on any such Debt Securities for principal and premium, if any, or interest, or both, as the case may be, with interest upon the overdue principal and premium, if any, and (to the extent that payment of such interest is enforceable
under applicable law) upon the overdue installments of interest at the rate borne by the Debt Securities of such series or as otherwise provided in the form of Debt Security of such series; and, in addition thereto, such further amount as shall be
sufficient to cover the costs and expenses of collection, including a reasonable compensation to the Trustee, its agents, attorneys and counsel, and any expenses or liabilities incurred and advances made by the Trustee, except compensation or
advances arising, or expenses or liabilities incurred, as a result of the Trustee’s gross negligence or bad faith. 
 (b) Until such
demand is made by the Trustee, the Company may pay the principal of and premium, if any, and interest on the Debt Securities of any series to the Persons entitled thereto, whether or not the principal of and premium, if any, and interest on the Debt
Securities of such series are overdue. 
 (c) In case the Company shall fail forthwith to pay such amounts upon such demand, the Trustee, in
its own name and as trustee of an express trust, shall be entitled and empowered to institute any actions or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action

  
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or proceeding to judgment or final decree, and may enforce any such judgment or final decree against the Company or any other obligor on such Debt Securities and collect, in the manner provided
by law out of the property of the Company or any other obligor on such Debt Securities wherever situated, the moneys adjudged or decreed to be payable. If any Event of Default with respect to any series of Debt Securities occurs and is continuing,
the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Debt Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any
such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

(d) In case there shall be pending proceedings for the bankruptcy or for the reorganization of the Company or any other obligor on the Debt
Securities of any series under the Federal bankruptcy laws or any other applicable law, or in case a receiver or trustee shall have been appointed for the property of the Company or such other obligor, or in the case of any other similar judicial
proceedings relative to the Company or other obligor upon the Debt Securities of any series, or to the creditors or property of the Company or such other obligor, the Trustee, irrespective of whether the principal of the Debt Securities of such
series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section 7.2, shall be entitled and empowered by
intervention in such proceedings or otherwise, (i) to file and prove a claim or claims for the whole amount of principal and interest owing and unpaid in respect of the Debt Securities of such series, and, in case of any judicial proceedings,
to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee and of the Holders of the Debt Securities of such series allowed in such judicial proceedings relative to the
Company or any other obligor on such Debt Securities, its or their creditors, or its or their property, (ii) unless prohibited by applicable law and regulations, to vote on behalf of the Holders of any Debt Securities of any series in any
election of a trustee or a standby trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency proceedings or person performing similar functions in comparable proceedings, and (iii) to collect and receive any moneys
or other property payable or deliverable on any such claims, and to distribute the same after the deduction of its charges and expenses; and any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the
Holders of the Debt Securities of such series to make such payments to the Trustee, and, in the event that the Trustee shall consent to the making of such payments directly to such Holders, to pay to the Trustee such amount as shall be sufficient to
cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred and advances made by the Trustee except compensation or advances arising, or expenses or liabilities incurred, as a
result of the Trustee’s gross negligence or bad faith. 
 (e) Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept, or adopt on behalf of any Holder any plan or reorganization, arrangement, adjustment or composition affecting the Debt Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect
of the claim of any Holder (except, as aforesaid, for the election of a trustee in bankruptcy or other Person performing similar functions) in any such proceeding. 

(f) All rights of action and of asserting claims under this Indenture, or under any of the Debt Securities of any series, may be enforced by
the Trustee without the possession of any of such Debt Securities, or the production thereof on any trial or other proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of
an express trust, and any recovery of judgment shall be for the ratable benefit of the Holders of the Debt Securities of such series in respect of which such judgment has been recovered. 

(g) In any proceedings brought by the Trustee (and also any proceedings involving the interpretation of any provision of this Indenture to
which the Trustee shall be a party), the Trustee shall be held to represent all the Holders of the Debt Securities in respect to which such action was taken, and it shall not be necessary to make any Holders of such Debt Securities parties to any
such proceedings. 
 Section 7.3 Application of Moneys Collected by Trustee. Any moneys collected by the Trustee pursuant
to Section 7.2 and any other money or property distributed in respect of the Company’s obligations under this Indenture after an Event of Default shall be applied in the order following, at the date or dates fixed by the Trustee for the
distribution of such moneys, upon presentation of the Debt Securities of such series, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: 

  
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 (a) First, to the payment of costs and expenses of collection and reasonable compensation to the
Trustee, its agents, attorneys and counsel, and of all other expenses and liabilities incurred, and all advances made, by the Trustee except compensation or advances arising, or expenses or liabilities incurred, as a result of its gross negligence
or bad faith, and any other amounts owing the Trustee under Section 8.6; 
 (b) Second, in case the principal of the Debt Securities of
such series shall not have become due and be unpaid, to the payment of interest on such Debt Securities, in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the
Trustee) upon the overdue installments of interest at the rate borne by such Debt Securities, such payments to be made ratable to the Persons entitled thereto; 

(c) Third, in case the principal of the Debt Securities of such series shall have become due, by declaration or otherwise, to the payment of
the whole amount then owing and unpaid upon such Debt Securities for principal and premium, if any, and interest, with interest on the overdue principal and premium, if any, and (to the extent that such interest has been collected by the Trustee)
upon overdue installments of interest at the rate borne by such Debt Securities; and in case such moneys shall be insufficient to pay in full the whole amounts so due and unpaid upon such Debt Securities, then, to the payment of such principal and
premium, if any, and interest without preference or priority of principal and premium, if any, over interest, or of interest over principal and premium, if any, or of any installment of interest over any other installment of interest, or of any Debt
Security of such series over any other such Debt Security, ratably to the aggregate of such principal and premium, if any, and accrued and unpaid interest; and 

(d) Fourth, to the payment of any surplus then remaining to the Company, its successors or assigns, or to whomsoever may be lawfully entitled
to receive the same. 
 Section 7.4 Proceedings by Holders. No Holder of any Debt Security of any series shall have any
right by virtue of or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law or in bankruptcy or otherwise upon or under or with respect to this Indenture or for the appointment of a receiver
or trustee, or for any other remedy hereunder, unless such Holder previously shall have given to the Trustee written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of not less than a majority
of the aggregate principal amount of the Debt Securities of such series then Outstanding shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the
Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee for 60 days after its receipt of such notice, request and offer of indemnity, shall have neglected or
refused to institute any such action, suit or proceeding (and no direction inconsistent with such written request shall have been given to the Trustee pursuant to Section 7.7), it being understood and intended, and being expressly covenanted by
the taker and Holder of every Debt Security of every series with every other taker and Holder and the Trustee, that no one or more Holders of Debt Securities shall have any right in any manner whatever by virtue of or by availing of any provision of
this Indenture to affect, disturb or prejudice the rights of any other Holder of such Debt Securities, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Indenture, except in the
manner herein provided and for the equal, ratable and common benefit of all Holders of Debt Securities. 
 Section 7.5
Proceedings by Trustee. In case of an Event of Default hereunder the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders vested in it by this Indenture by such appropriate judicial proceedings
as the Trustee shall deem most effectual to protect and enforce any of such rights, either by suit in equity or by action at law or by proceeding in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained
in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 

Section 7.6 Remedies Cumulative and Continuing. All powers and remedies given by this Article VII to the Trustee or to the
Holders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any thereof or of any other powers and remedies available to the Trustee or the Holders, by judicial proceedings or otherwise, to enforce the performance or
observance of the covenants and agreements contained in this Indenture, and no delay or omission of the Trustee or of any Holder to exercise any right or power accruing upon any default occurring and continuing as aforesaid shall impair any such
right or power, or shall be construed to be a waiver of any such default or an acquiescence therein; and, subject to the provisions of Section 7.4, every power and remedy 

  
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given by this Article VII or by law to the Trustee or to the Holders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Holders. 

Section 7.7 Direction of Proceedings and Waiver of Defaults by Majority of Holders. The Holders of a majority in aggregate
principal amount of the Outstanding Debt Securities of any series shall have the right to direct the time, method, and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the
Trustee with respect to the Debt Securities by this Indenture; provided, however, that (subject to the provisions of Section 8.1) the Trustee shall have the right to decline to follow any such direction if the Trustee shall determine upon
advice of counsel that the action or proceeding so directed may not lawfully be taken or would be materially and unjustly prejudicial to the rights of Holders not joining in such direction or if the Trustee in good faith by its board of directors or
trustees, executive committee, or a trust committee of directors or trustees and/or Responsible Officers shall determine that the action or proceeding so directed would involve the Trustee in personal liability or if the Trustee in good faith shall
so determine that the actions or forebearances specified in or pursuant to such direction would be unduly prejudicial to the interests of Holders of the Debt Securities of all series not joining in the giving of such direction, it being understood
that (subject to Section 8.1) the Trustee shall have no duty to ascertain whether or not such actions or forebearances are duly prejudicial to such Holders. The Trustee may take any other action deemed proper by the Trustee not inconsistent
with such direction. Subject to Section 7.1, the Holders of a majority in aggregate principal amount of the Outstanding Debt Securities of any series may on behalf of the Holders of all the Debt Securities of such series waive any past default
or Event of Default hereunder and its consequences except a default in the payment of principal of or premium, if any, or interest on such Debt Securities, or a default in the making of any sinking fund payment with respect to such Debt Securities.
Upon any such waiver the Company, the Trustee and the Holders of such Debt Securities shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default or Event of
Default or impair any right consequent thereon. Whenever any default or Event of Default shall have been waived as permitted by this Section 7.7, such default or Event of Default shall for all purposes of the Debt Securities and this Indenture
be deemed to have been cured and to be not continuing. 
 This Section 7.7 shall be in lieu of Sections 316(a)(1)(A) and
316(a)(1)(B) of the Trust Indenture Act of 1939 and such Sections 316(a)(1)(A) and Section 316(a)(1)(B) are hereby expressly excluded from this Indenture, as permitted by the Trust Indenture Act of 1939. 

Section 7.8 Notice of Defaults. Within 90 days after the occurrence of any default hereunder with respect to the Debt
Securities of any series, the Trustee shall transmit first-class by mail, postage prepaid, to all Holders of Debt Securities of such series, as their names and addresses appear in the Debt Security Register, notice of such default hereunder known to
the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Debt Security of such series or in the payment of
any sinking fund installment with respect to Debt Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors or Responsible
Officers of the Trustee in good faith determines that the withholding of such notice is in the interest of the Holders of Debt Securities of such series; and provided, further, that in the case of any default of the character specified in
Section 7.1(d) with respect to Debt Securities of such series, no such notice to Holders shall be given until at least 60 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event
which is, or after notice or lapse of time or both would become, an Event of Default with respect to Debt Securities of such series. 

Section 7.9 Undertaking to Pay Costs. In any suit for the enforcement of any right or remedy under this Indenture, or in
any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such party litigant,
in the manner and to the extent provided in the Trust Indenture Act of 1939; provided that neither this Section nor the Trust Indenture Act of 1939 shall be deemed to authorize any court to require such an undertaking or to make such an
assessment in any suit instituted by the Company or the Trustee, and any provision of the Trust Indenture Act of 1939 to such effect is hereby expressly excluded from this Indenture, as permitted by the Trust Indenture Act of 1939. 

Section 7.10 Unconditional Right of Holders to Receive Principal, Premium and Interest. Notwithstanding any other provision
in this Indenture, the Holder of any Debt Security shall have the rights, which are absolute and unconditional, to receive payment of the principal of, premium, if any, and (subject to Section 3.8) 

  
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interest on such Debt Security on the respective Stated Maturities expressed in such Debt Security (or in the case of redemption or repayment, on the date for redemption or repayment, as the case
may be) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

ARTICLE VIII. 

CONCERNING THE TRUSTEE 

Section 8.1 Duties and Responsibilities of Trustee. 

(a) Except during the continuance of an Event of Default, the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee. 

(b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

(c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent
failure to act, or its own willful misconduct, except that: 
 (1) this Subsection (c) shall not be construed to limit
the effect of Subsections (a) or (d) of this Section 8.1; 
 (2) the Trustee shall not be liable for any
error of judgment made in good faith by a Responsible Officer of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance
with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Indenture with respect to the Securities of such series. 
 (d) No provision of this Indenture
shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for
believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (e) Whether
or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 8.1. 

Section 8.2 Reliance on Documents, Opinions. Subject to the provisions of Section 8.1, 

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

(b) any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by Company Request or Company
Order (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company;

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

  
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 (d) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it
by this Indenture at the request or direction of any of the Holders, pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to the Trustee against the costs,
expenses and liabilities which may be incurred by it in compliance with such request or direction; 
 (e) the Trustee shall not be liable
for any action taken, suffered or omitted to be taken by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

(f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent, order, approval, bond, debenture, note, or other paper or document, unless requested in writing to do so by the Holders of not less than a majority in principal amount of such Debt Securities
then Outstanding; provided, however, that the reasonable expenses of every such investigation shall be paid by the Company or, if paid by the Trustee, shall be repaid by the Company upon demand; and provided, further,
that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the
security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity against such expenses or liabilities as a condition to so proceeding; 

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

(h) the Trustee shall not be deemed to have notice or be charged with knowledge of any default or Event of Default unless written notice of
such default or Event of Default from the Company or any Holder is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Debt Securities and this Indenture; 

(i) the rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to,
and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder; and 

(j) the permissive rights of the Trustee enumerated herein shall not be construed as duties. 

Section 8.3 No Responsibility for Recitals. The recitals contained herein and in the Debt Securities (except in the
Trustee’s certificate of authentication) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this
Indenture or of the Debt Securities of any series. The Trustee represents that it is duly authorized to execute and deliver this Indenture. Neither the Trustee nor the Authenticating Agent shall be accountable for the use or application by the
Company or any Debt Securities or the proceeds of any Debt Securities authenticated and delivered by the Trustee in conformity with the provisions of this Indenture. 

Section 8.4 Trustee and Agents May Own Debt Securities. The Trustee, any Paying Agent, or any agent of the Trustee or the
Company under this Indenture, in its individual or any other capacity, may become the owner or pledgee of Debt Securities of any series with the same rights it would have if it were not Trustee or such agent and, subject to Sections 8.8 and 8.13, if
operative, may otherwise deal with the Company and receive, collect, hold, and retain collections from the Company with the same rights it would have if it were not the Trustee or such agent. 

Section 8.5 Moneys to be Held in Trust. Subject to the provisions of Section 14.4, all moneys received by the Trustee
shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. Neither the Trustee nor any Paying Agent shall be
under any liability for interest on, or to invest, any moneys received by it hereunder except such as it may agree with the Company to pay thereon. So long as no Event of Default with respect to the Debt Securities of any series shall have occurred
and be continuing, all interest allowed on any such moneys shall be paid from time to time upon the receipt of a Company Order. 

  
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 Section 8.6 Compensation and Expenses of Trustee. The Company covenants and
agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust), and the Company will
pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses
and disbursements of its counsel and all persons not regularly in its employ and any amounts paid by the Trustee to any Authenticating Agent pursuant to Section 8.14) except any such expense, disbursement or advance as may arise from its gross
negligence or bad faith. The Company also covenants to indemnify the Trustee for, and to hold it harmless against, any loss, damage, claims, liability or expense incurred without gross negligence or bad faith on the part of the Trustee and arising
out of or in connection with this Indenture, including the acceptance or administration of this trust, or the performance of its duties hereunder, including the current payment of all costs and expenses of defending itself against any claim of
liability in the premises. The obligations of the Company under this Section 8.6 to compensate and indemnify the Trustee and to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute additional indebtedness
hereunder. Such additional indebtedness shall be secured by a lien prior to that of the Debt Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular
Debt Securities. In addition to, but without prejudice to its other rights under this indenture, when the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 7.1(e) or
Section 7.1(f), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or state bankruptcy, insolvency
or other similar law. 
 “Trustee” for purposes of this Section shall include any predecessor Trustee; provided,
however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 

The provisions of this Section shall survive the termination of this Indenture, the satisfaction and discharge of this Indenture and the
resignation or removal of the Trustee. 
 Section 8.7 Officers’ Certificate as Evidence. Subject to the provisions
of Section 8.1, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or omitting any action hereunder, such matter (unless
other evidence in respect thereof be herein specifically prescribed) may, in the absence of gross negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an Officers’ Certificate conforming to
the requirements of this Indenture delivered to the Trustee, and in the absence of gross negligence or bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon such Certificate. 
 Section 8.8 Conflicting Interest of Trustee. If the Trustee has or shall
acquire any conflicting interest within the meaning of the Trust Indenture Act of 1939, the Trustee shall either eliminate such conflicting interest or resign in the manner provided by, and subject to the provisions of, the Trust Indenture Act of
1939 and this Indenture. 
 Section 8.9 Eligibility of Trustee. There shall at all times be a Trustee with respect to
each series of Debt Securities hereunder which shall be a Person organized and doing business under the laws of the United States or any state or territory thereof or of the District of Columbia authorized under such laws to exercise trust powers,
having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal, state, territorial, or District of Columbia authority and willing to act as Trustee hereunder. If such Person publishes reports of
condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 8.9, the combined capital and surplus of such Person shall be deemed to be its
combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee with respect to any series of Debt Securities shall cease to be eligible in accordance with the provisions of this
Section 8.9, such Trustee shall resign immediately in the manner and with the effect specified in Section 8.10. 

Section 8.10 Resignation or Removal of Trustee. (a) The Trustee may at any time resign with respect to any series of
Debt Securities by giving written notice by first class mail of such resignation to the Company and 

  
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to the Holders of such series of Debt Securities at their addresses as they shall appear on the Debt Security Register. Upon receiving such notice of resignation, the Company shall promptly
appoint a successor trustee with respect to such series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee.
If no successor trustee with respect to such series shall have been so appointed and have accepted appointment within 60 days after the mailing of such notice of resignation to the Holders, the resigning Trustee may, at the expense of the Company,
petition any court of competent jurisdiction for the appointment of a successor trustee, or any Holder of such series of Debt Securities who has been a bona fide Holder of a Debt Security or Debt Securities of such series for at least six months
may, subject to the provisions of Section 7.9, on behalf of such Holder and all others similarly situated, petition any such court for the appointment of a successor trustee with respect to such series. Such court may thereupon, after such
notice, if any, as it may deem proper and prescribe, appoint such successor trustee. 
 (b) In case at any time any of the following shall
occur— 
 (1) the Trustee shall fail to comply with the provisions of Section 8.8 after written request therefor
by the Company or by any Holder who has been a bona fide Holder of a Debt Security or Debt Securities of such series for at least six months, unless the Trustee’s duty to resign is stayed in accordance with the provisions of
Section 310(b) of the Trust Indenture Act of 1939, 
 (2) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.9 and shall fail to resign after written request therefor by the Company or by any such Holder of a note of such series, or 

(3) the Trustee shall become incapable of acting with respect to any series of Debt Securities, or shall be adjudged a
bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or
liquidation; 
 then, in any such case, the Company may remove the Trustee with respect to such series and appoint a successor trustee for
such series by Company Order, one copy of which Company Order shall be delivered to the Trustee so removed and one copy to the successor trustee, or, subject to the provisions of Section 7.9, any Holder who has been a bona fide Holder of a Debt
Security or Debt Securities of such series for at least six months may, on behalf of such Holder and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
trustee with respect to such series. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, remove such Trustee and appoint such successor trustee. 

(c) The Holders of a majority in aggregate principal amount of the Outstanding Debt Securities of any series may at any time remove the
Trustee with respect to such series by delivering to the Trustee so removed, to the successor trustee so appointed and to the Company the evidence provided for in Section 9.1 of the action in that regard taken by the Holders, and nominate a
successor Trustee which shall be deemed appointed as successor Trustee unless within ten days after such nomination the Company objects thereto, in which case the Trustee so removed or any Holder of a Debt Security or Debt Securities of such series,
upon the terms and conditions and otherwise as in subsection (a) of this Section 8.10 provided, may petition any court of competent jurisdiction for an appointment of a successor Trustee with respect to such series. 

(d) Any resignation or removal of the Trustee with respect to all or any series of Debt Securities and any appointment of a successor Trustee
pursuant to any of the provisions of this Section 8.10 shall become effective upon acceptance of appointment by the successor Trustee as provided in Section 8.11. 

Section 8.11 Acceptance by Successor Trustee. Any successor Trustee appointed as provided in Section 8.10 shall
execute, acknowledge and deliver to the Company and to its predecessor Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Trustee shall become effective with respect to all or any
series as to which it is resigning as Trustee, and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its predecessor hereunder with respect to all or any
such series, with like effect as if originally named as Trustee herein with respect to all or any such series; nevertheless, on the written request of the Company or of the successor 

  
 30 

 
Trustee, the Trustee ceasing to act shall, upon payment of any amounts then due it pursuant to the provisions of Section 8.6, execute and deliver an instrument transferring to such successor
Trustee all the rights and powers of the Trustee with respect to all or any such series so ceasing to act. Upon request of any such successor Trustee, the Company shall execute any and all instruments in writing for more fully and certainly vesting
in and confirming to such successor Trustee all such rights and powers. Any Trustee ceasing to act shall, nevertheless, retain a lien upon all property or funds held or collected by such Trustee with respect to all or any series as to which it is
resigning as Trustee, to secure any amounts and shall be entitled to any indemnities then due it pursuant to the provisions of Section 8.6. 

No successor Trustee shall accept appointment as provided in this Section 8.11 unless at the time of such acceptance such successor
Trustee shall be qualified under the provisions of Section 8.8 and eligible under the provisions of Section 8.9. 
 Upon
acceptance of appointment by a successor Trustee with respect to all or any series of Debt Securities as provided in this Section 8.11, the Company shall mail notice of the succession of such Trustee hereunder to the Holders of Debt Securities
of such series at their addresses as they shall appear on the Debt Security Register. If the Company fails to mail such notice within ten days after acceptance of appointment by the successor Trustee, the successor Trustee shall cause such notice to
be mailed at the expense of the Company. 
 In case the appointment hereunder of a successor Trustee with respect to the Debt Securities of
one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Debt Securities of any applicable series shall execute and deliver a Supplemental Indenture which shall contain such provisions as
shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Debt Securities of any series as to which the retiring Trustee is not retiring shall continue to be vested
in the retiring Trustee, and shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing
herein or in such Supplemental Indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by
any other such Trustee. 
 Section 8.12 Succession by Merger. Subject to Sections 8.8 and 8.9, any Person into which the
Trustee may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Person succeeding to all or substantially all the corporate
trust business of the Trustee, shall be the successor of the Trustee hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto. 

In case at the time any successor to the Trustee shall succeed to the trusts created by this Indenture any of the Debt Securities shall have
been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Debt Securities so authenticated; and in case at that time any of the Debt Securities
shall not have been authenticated, any successor to the Trustee may authenticate such Debt Securities in the name of such successor Trustee; and in all such cases such certificate shall have the full force which it is anywhere in the Debt Securities
or in this Indenture provided that the certificate of the Trustee shall have. 
 Section 8.13 Limitation on Rights of Trustee
as a Creditor. If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Debt Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of
claims against the Company (or any such other obligor). 
 Section 8.14 Authenticating Agents. There may be an
Authenticating Agent or Authenticating Agents appointed by the Trustee from time to time with power to act on its behalf and subject to its direction in the authentication and delivery of any series of Debt Securities issued upon original issuance,
exchange, transfer or redemption thereof as fully to all intents and purposes as though such Authenticating Agent (or Authenticating Agents) had been expressly authorized to authenticate and deliver such Debt Securities, and Debt Securities so
authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as though authenticated by the Trustee hereunder. For all purposes of this Indenture, the authentication and delivery of Debt
Securities by any Authenticating Agent pursuant to this Section 8.14 shall be deemed to be the authentication 

  
 31 

 
and delivery of such Debt Securities “by the Trustee”, and whenever this Indenture provides that “the Trustee shall authenticate and deliver” Debt Securities or that Debt
Securities “shall have been authenticated and delivered by the Trustee”, such authentication and delivery by any Authenticating Agent shall be deemed to be authentication and delivery by the Trustee. Any such Authenticating Agent shall at
all times be a Person organized and doing business under the laws of the United States of America or of any state or territory thereof or the District of Columbia, with a combined capital and surplus of at least $50,000,000 and authorized under such
laws to act as an authenticating agent, duly registered to act as such, if and to the extent required by applicable law and subject to supervision or examination by Federal or state authority. If such Person publishes reports of its condition at
least annually pursuant to law or the requirements of such authority, then for the purposes of this Section 8.14 the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most
recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 8.14, or to be duly registered if and to the extent required by applicable law and
regulations, it shall resign immediately in the manner and with the effect herein specified in this Section 8.14. 
 Whenever reference
is made in this Indenture to the authentication and delivery of Debt Securities of any series by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the
Trustee by its Authenticating Agent appointed with respect to the Debt Securities of such series and a certificate of authentication executed on behalf of the Trustee by its Authenticating Agent appointed with respect to the Debt Securities of such
series. 
 Any Person into which any Authenticating Agent may be merged or converted or with which it may be consolidated, or any Person
resulting from any merger, consolidation or conversion to which any Authenticating Agent shall be a party, or any Person succeeding to the authenticating agency business of any Authenticating Agent, shall be the successor of such Authenticating
Agent hereunder, if such successor Person is otherwise eligible under this Section 8.14, without the execution or filing of any paper or any further act on the part of the parties hereto or such Authenticating Agent or such successor Person.

 In case at the time such successor to any such agency shall succeed to such agency any of the Debt Securities shall have been
authenticated but not delivered, any such successor to such Authenticating Agent may adopt the certificate of authentication of any predecessor Authenticating Agent and deliver such Debt Securities so authenticated; and in case at that time any of
the Debt Securities shall not have been authenticated, any successor to any Authenticating Agent may authenticate such Debt Securities either in the name of any predecessor hereunder or in the name of the successor Authenticating Agent; and in all
cases such certificate shall have the full force which it has anywhere in the Debt Securities or in this Indenture provided that the certificate of the predecessor Authenticating Agent shall have had such force; provided, however, that the
right to adopt the certificate of authentication of any predecessor Authenticating Agent or to authenticate Debt Securities in the name of any predecessor Authenticating Agent shall apply only to its successor or successors by merger, conversion or
consolidation. 
 Any Authenticating Agent may at any time resign as Authenticating Agent with respect to any series of Debt
Securities by giving written notice of resignation to the Trustee and to the Company. The Trustee may at any time terminate the agency of any Authenticating Agent with respect to any series of Debt Securities by giving written notice of termination
to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time Authenticating Agent shall cease to be eligible under this Section 8.14, the Trustee may, and shall,
upon request of the Company, promptly use its best efforts to appoint a successor Authenticating Agent. 
 Upon the appointment, at any time
after the original issuance of any of the Debt Securities, of any successor, additional or new Authenticating Agent, the Trustee shall give written notice of such appointment to the Company and shall at the expense of the Company mail notice of such
appointment to all Holders of Debt Securities of such series as the names and addresses of such Holders appear on the Debt Security Register. 

Any successor Authenticating Agent with respect to any series of Debt Securities upon acceptance of its appointment hereunder shall become
vested with all the rights, powers and duties of its predecessor hereunder, with like effect as though originally named as an Authenticating Agent herein with respect to such series. No successor Authenticating Agent shall be appointed unless
eligible under the provisions of this Section 8.14 and duly registered if and to the extent required under applicable law and regulations. 

  
 32 

 Any Authenticating Agent by the acceptance of its appointment with respect to any series of Debt
Securities shall be deemed to have agreed with the Trustee that: (a) it will perform and carry out the duties of an Authenticating Agent as herein set forth with respect to such series, including the duties to authenticate and deliver Debt
Securities when presented to it in connection with exchanges, registrations of transfer or redemptions thereof; (b) it will keep and maintain, and furnish to the Trustee from time to time as requested by the Trustee appropriate records of all
transactions carried out by it as Authenticating Agent and will furnish the Trustee such other information and reports as the Trustee may reasonably require; (c) it is eligible for appointment as Authenticating Agent under this
Section 8.14 and will notify the Trustee promptly if it shall cease to be so qualified; and (d) it will indemnify the Trustee against any loss, liability or expense incurred by the Trustee and will defend any claim asserted against the
Trustee by reason of any acts or failures to act of the Authenticating Agent with respect to such series but it shall have no liability for any action taken by it at the specific written direction of the Trustee. 

The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation and expenses for its services, and the
Trustee shall have no liability for such payments. 
 The provisions of Sections 8.2(a), (b), (c), (e) and (f), 8.3, 8.4, 8.6 (insofar
as it pertains to indemnification), 9.1, 9.2 and 9.3 shall bind and inure to the benefit of each Authenticating Agent to the same extent that they bind and inure to the benefit of the Trustee. 

If an appointment with respect to one or more series is made pursuant to this Section 8.14, the Debt Securities of such series may have
endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

This is one of the Debt Securities of the series designated herein issued under the within-mentioned Indenture. 

 

									
	 [name]
 As Trustee
	 		 	 [name]
 As Trustee

			
	-OR-	 		 	
					
	By:	 	 	 		 	By:	 	 
		 	Authorized Officer	 		 		 	As Authenticating Agent
					
		 		 		 	By:	 	 
		 		 		 		 	            As Authorized Officer

 Section 8.15 Preferential Collection of Claims Against the Company. If and when the Trustee
shall be or become a creditor of the Company (or any other obligor upon the Debt Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act of 1939 regarding the collection of claims against the Company (or any such other
obligor). 
 Section 8.16 Trustee’s Application for Instructions from the Company. Any application by the Trustee
for written instructions from the Company may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such
omission shall be effective. The Trustee shall not be liable for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall
not be less than three Business Days after the date any officer of the Company actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective
date in the case of an omission), the Trustee shall have received written instructions in response to such application specifying the action to be taken or omitted. 

  
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 ARTICLE IX. 

CONCERNING THE HOLDERS. 

Section 9.1 Action by Holders. Whenever in this Indenture it is provided that the Holders of a specified percentage in
aggregate principal amount of the Debt Securities of any series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action) the fact that at the time of taking
any such action the Holders of such specified percentage of such series have joined therein may be evidenced (a) by any instrument or any number of instruments of similar tenor executed by Holders of such series in person or by agent or proxy
appointed in writing, or (b) by the record of the Holders of such series voting in favor thereof at any meeting of such Holders duly called and held in accordance with the provisions of Article X, or (c) by a combination of such
instrument or instruments and any such record of such a meeting of Holders of such series. 
 Section 9.2 Proof of Execution
by Holders. Subject to the provisions of Sections 8.1, 8.2 and 10.5, proof of the execution of any instrument by a Holder or such Holder’s agent or proxy shall be sufficient if made in accordance with such reasonable rules and
regulations as may be prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The ownership of Debt Securities shall be provided by the Debt Security Register or by a certificate of the Debt Security Registrar with
respect to a series of Debt Securities. The record of any Holders’ meeting shall be proved in the manner provided in Section 10.6. 

Section 9.3 Who Are Deemed Absolute Owners. The Company, the Trustee with respect to a series of Debt Securities, and any
agent of the Trustee or the Company under this Indenture may deem the Person in whose name such Debt Security shall be registered upon the Debt Security Register to be, and may treat such Person as, the absolute owner of such Debt Security (whether
or not such Debt Security shall be overdue and notwithstanding any notation of ownership or other writing thereon made by anyone other than the Company, the Trustee or any such agent) for the purpose of receiving payment of or on account of the
principal of and premium, if any, and interest on such Debt Security and for all other purposes; and neither the Company nor the Trustee nor any such agent shall be affected by any notice to the contrary. 

Section 9.4 Company-Owned Debt Securities Disregarded. In determining whether the Holders of the requisite aggregate
principal amount of Debt Securities of any series have concurred in any direction or consent under this Indenture, Debt Securities of such series which are owned by the Company or any other obligor upon such Debt Securities or any Affiliate of the
Company or such other obligor (except in the case in which the Company or such other obligor or affiliate owns all Debt Securities Outstanding under the Indenture, or all Outstanding Debt Securities of each such series, as the case may be, without
regard to this proviso) shall be disregarded and deemed not to be Outstanding for the purpose of any such determinations; provided , however , that for the purposes of determining whether the Trustee shall be protected in relying on any such
direction or consent only such Debt Securities which a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Debt Securities so owned which have been pledged in good faith may be regarded as Outstanding
notwithstanding this Section 9.4 if the pledgee shall establish to the satisfaction of the Trustee the right of the pledgee to vote such Debt Securities and that the pledgee is not a Person directly or indirectly controlling or controlled by or
under direct or indirect common control with the Company or any such other obligor. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying all Debt Securities of a series,
if any, known by the Company to be owned or held by or for the account of the Company or any other obligor on such Debt Securities or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with
the Company or any other obligor on such Debt Securities; and, subject to the provisions of Section 8.1, the Trustee shall be entitled to accept such Officers’ Certificates as conclusive evidence of the facts therein set forth and of the
fact that all such Debt Securities not listed therein are Outstanding for the purpose of any such determination. 
 Section 9.5
Revocation of Consents; Future Holders Bound. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 9.1, of the taking of any action by the Holders of the percentage in aggregate principal amount of
the Debt Securities of any series specified in this Indenture in connection with such action, any Holder of a Debt Security which is shown by the evidence to be included in the Debt Securities the Holders of which have consented to or are bound by
consents to such action, may, by filing written notice with the Trustee at the Corporate Trust Office and upon proof of holding as provided in Section 9.2, revoke such action so far as concerns such Debt Security. Except as aforesaid any such
action taken by the Holder of any Debt Security shall be conclusive and binding upon such Holder and upon all future Holders and owners of such Debt Security and of 

  
 34 

 
any Debt Security issued on transfer thereof or in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon any such Debt Security. Any action
taken by the Holders of the percentage in aggregate principal amount of the Debt Securities specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the Holders of all of the Debt
Securities affected by such action. 
 ARTICLE X. 

HOLDERS’ MEETINGS 

Section 10.1 Purposes of Meetings. A meeting of Holders of the Debt Securities of all or any series may be called at any
time and from time to time pursuant to the provisions of this Article X for any of the following purposes: 
 (a) to give any notice to
the Company or to the Trustee with respect to such series, or to give any directions to the Trustee, or to consent to the waiving of any default hereunder and its consequences, or to take any other action authorized to be taken by Holders pursuant
to any of the provisions of Article VII; 
 (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of
Article VIII; 
 (c) to consent to the execution of any Supplemental Indenture pursuant to the provisions of Section 11.2; or 

(d) to take any other action authorized to be taken by or on behalf of the Holders of any specified aggregate principal amount of the Debt
Securities of all or any series, as the case may be, under any other provision of this Indenture or under applicable law. 

Section 10.2 Call of Meetings by Trustee. The Trustee may at any time call a meeting of Holders of Debt Securities of all
or any series to take any action specified in Section 10.1, to be held at such time and at such place as the Trustee shall determine. Notice of every meeting of the Holders of Debt Securities of all or any series, setting forth the time and
place of such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed by the Trustee to Holders of Debt Securities of each series that may be affected by the action proposed to be taken at such meeting at their
addresses as they shall appear on the Debt Security Register. Such notice shall be mailed not less than 20 nor more than 90 days prior to the date fixed for the meeting. 

Section 10.3 Call of Meetings by Company or Holders. In case at any time the Company, pursuant to a resolution by the Board
of Directors, or the Holders of at least 10% in aggregate principal amount of the Debt Securities then Outstanding of each series that may be affected by the action proposed to be taken shall have requested the Trustee to call a meeting of such
Holders, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or such
Holders may determine the time and place for such meeting and may call such meeting to take any action authorized in Section 10.1, by mailing notice thereof as provided in Section 10.2. 

Section 10.4 Qualifications for Voting. To be entitled to vote at any meeting of Holders of Debt Securities a person shall
(a) be a Holder of one or more Debt Securities of a series affected by the action proposed to be taken or (b) be a Person appointed by an instrument in writing as proxy by a Holder of one or more such Debt Securities. The rights of Holders
of Debt Securities to have their votes counted shall be subject to the provision in the definition of “Outstanding” in Section 1.1. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Debt
Securities shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 

Section 10.5 Regulations. Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable
regulations as it may deem advisable for any meeting of Holders of Debt Securities, in regard to proof of the holding of Debt Securities and of the appointment of proxies, and in regard to the appointment and duties of inspectors of votes, the
submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. Except as otherwise permitted or required by any such regulation, the
holding of Debt Securities shall be proved in the manner specified 

  
 35 

 
in Section 9.2 and the appointment of any proxy shall be proved in the manner specified in Section 9.2 or by having the signature of the Person executing the proxy witnessed or
guaranteed by any bank, broker or trust company. 
 The Trustee shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders of Debt Securities as provided in Section 10.3, in which case the Company or the Holders of Debt Securities calling the meeting, as the case may be, shall in like
manner appoint a temporary chairman. A permanent chairman and a secretary of the meeting shall be elected by vote of the Holders of a majority in aggregate principal amount of the Debt Securities represented at the meeting and entitled to vote. 

Subject to the provisions of Section 9.4, at any meeting each Holder of a Debt Security of a series entitled to vote at such meeting or
proxy shall be entitled to one vote for each $1,000 principal amount of Debt Securities of such series held or represented by such Holder; provided, however, that no vote shall be cast or counted at any meeting in respect of any Debt Security
challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote except as a Holder of Debt Securities of such series or proxy therefor. Any meeting of Holders of
Debt Securities duly called pursuant to the provisions of Section 10.2 or 10.3 may be adjourned from time to time and the meeting may be held as so adjourned without further notice. 

At any meeting of Holders of Debt Securities, the presence of Persons holding or representing a majority of the aggregate principal amount of
Debt Securities then Outstanding that will be requested to take action upon the matters for which such meeting was called shall be necessary to constitute a quorum to organize the meeting; provided, however, that this sentence shall not have
the effect of reducing the vote required to approve any matter specified in this Indenture; and further provided, that, if less than quorum be present, the Persons holding or representing a majority of the aggregate principal amount of Debt
Securities represented at the meeting may adjourn such meeting with the same effect, for all intents and purposes, as though a quorum had been present. 

Section 10.6 Voting. The vote upon any resolution submitted to any meeting of Holders of Debt Securities shall be by
written ballots on which shall be subscribed the signatures of the Holders of Debt Securities entitled to vote at such meeting or of their representatives by proxy, and the letter or letters, serial number or numbers or other distinguishing marks of
the Debt Securities held or represented by each such Holder. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the
secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Holders of Debt Securities shall be prepared by the secretary of the meeting and there
shall be attached to such record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing
that such notice was mailed as provided in Section 10.2. The record shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the other
to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. 
 Any record so signed
and verified shall be conclusive evidence of the matters therein stated. 
 Section 10.7 No Delay of Rights by Meeting.
Nothing in this Article X contained shall be deemed or construed to authorize or permit, by reason of any call of a meeting of Holders of Debt Securities of any or all series or any rights expressly or impliedly conferred hereunder to make such
call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the Holders of Debt Securities under any of the provisions of this Indenture or of the Debt Securities. 

ARTICLE XI. 

SUPPLEMENTAL INDENTURES AND WAIVERS 

Section 11.1 Supplemental Indentures without Consent of Holders. In addition to any Supplemental Indenture otherwise
authorized by this Indenture, the Company, when duly authorized by a Board Resolution, and the Trustee may from time to time and at any time enter into any one or more Supplemental Indentures (each of 

  
 36 

 
which shall conform to the provisions of the Trust Indenture Act of 1939 as in force at the date of the execution thereof) for one or more of the following purposes: 

(a) to evidence the succession of another Person to the Company, or successive successions, and the assumption by the successor Person of the
covenants, agreements and obligations of the Company pursuant to Articles V and XIII hereof; 
 (b) to add to the covenants of the Company
such further covenants, restrictions, conditions or provisions as the Board of Directors shall consider to be for the protection of the Holders of Debt Securities of any or all series, and to make the occurrence, or the occurrence and continuance,
of a default in any of such additional covenants, restrictions, conditions or provisions a default or an Event of Default with respect to such series permitting the enforcement of all or any of the several remedies provided in this Indenture as
herein set forth; provided, however, that in respect of any such additional covenant, restriction or condition, such Supplemental Indenture may provide for a particular period of grace after default (which period may be shorter or
longer than that allowed in the case of other defaults) or may provide for an immediate enforcement upon such default or may limit the remedies available to the Trustee upon such default; 

(c) to cure any ambiguity or to correct or supplement any provision contained herein or in any Supplemental Indenture which may be defective
or inconsistent with any other provision contained herein or in any Supplemental Indenture or to make any changes hereto that are required by law; 

(d) to convey, transfer, assign, mortgage or pledge any property to or with the Trustee; 

(e) to make such other provisions in regard to matters or questions arising under this Indenture as shall not adversely affect the interests
of the Holders of the Debt Securities; 
 (f) to evidence and provide for the acceptance of appointment by another Person as a successor
Trustee hereunder with respect to one or more series of Debt Securities and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to Section 8.11; 
 (g) to modify, amend or supplement this Indenture in such a manner as to permit the qualification
of any Supplemental Indenture under the Trust Indenture Act of 1939 as then in effect, except that nothing herein contained shall permit or authorize the inclusion in any Supplemental Indenture of the provisions referred to in
Section 316(a)(2) of the Trust Indenture Act of 1939; 
 (h) to provide for the issuance under this Indenture of Debt Securities
in coupon form (including Debt Securities registrable as to principal only) and to provide for exchangeability of such Debt Securities with Debt Securities of the same series issued hereunder in fully registered form and to make all appropriate
changes for such purpose; 
 (i) to change or eliminate any of the provisions of this Indenture, provided, however, that any such
change or elimination shall become effective only when there is no Debt Security Outstanding of any series created prior to the execution of such Supplemental Indenture which is entitled to the benefit of such provision; or 

(j) to establish any additional form of Debt Security, as permitted by Section 2.2, and to provide for the issuance of any additional
series of Debt Securities, as permitted by Section 3.1, and to set forth the terms thereof. 
 The Trustee is hereby required to join
with the Company in the execution of any such Supplemental Indenture, to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property
thereunder, but the Trustee shall not be obligated to enter into any such Supplemental Indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

  
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 Any Supplemental Indenture authorized by the provisions of this Section 11.1 may be executed
by the Company and the Trustee without the consent of the Holders of any of the Debt Securities at the time Outstanding, notwithstanding any of the provisions of Section 11.2. 

Section 11.2 Supplemental Indentures with Consent of Holders. With the consent (evidenced as provided in Section 9.1)
of the Holders of greater than 50% in aggregate principal amount of the Outstanding Debt Securities of each series affected by such Supplemental Indenture (all such Holders voting as a single class), by act of such Holders delivered to the Company
and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may from time to time and at any time enter into any Supplemental Indenture for the purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Indenture or of any Supplemental Indenture or of modifying in any manner the rights of the Holders of the Debt Securities of each series under this Indenture; provided, however, that no such Supplemental
Indenture shall, without the consent of the Holders of all of the Outstanding Debt Securities of each series affected, (a) extend the fixed maturity of any Debt Security of such series, or reduce the rate or extend the time of payment of
interest thereon, or reduce the principal amount thereof or any premium thereon, or make the principal thereof or interest or premium thereon payable in any coin or currency other than that provided in the Debt Securities of such series or
(b) reduce the aforesaid percentage of Debt Securities of a series, the Holders of which are required to consent (1) to any such Supplemental Indenture, (2) to rescind and annul a declaration that any Debt Securities of such series
are due and payable as a result of the occurrence of an Event of Default, (3) to waive any past default under the Indenture and its consequences or (4) to waive compliance with Sections 5.2, 5.4 (other than 5.4(a)(1) and (2)) or
5.5, or with any additional covenant, agreement or condition contained in a Board Resolution or Officers’ Certificate establishing such series of Debt Securities, any Supplemental Indenture applicable to such series or any Debt Security of such
series. 
 Upon the Trustee’s receipt of a Company Request, accompanied by a copy of a Board Resolution certified by its Secretary or
Assistant Secretary authorizing the execution of any such Supplemental Indenture, and upon the filing with the Trustee of evidence of the consent of Holders of Debt Securities as aforesaid, the Trustee shall join with the Company in the execution of
such Supplemental Indenture unless such Supplemental Indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into
such Supplemental Indenture. 
 It shall not be necessary for the consent of the Holders of Debt Securities under this Section 11.2 to
approve the particular form of any proposed Supplemental Indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

Section 11.3 Effect of Supplemental Indentures. Upon the execution of any Supplemental Indenture pursuant to the provisions
of this Article XI, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitation of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company
and the Holders of Debt Securities shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments and all the terms and conditions of any such Supplemental Indenture shall be and be
deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
 Section 11.4 Notation on Debt
Securities. Debt Securities authenticated and delivered after the execution of any Supplemental Indenture pursuant to the provisions of this Article XI may bear a notation in form approved by the Trustee as to any matter provided for in
such Supplemental Indenture. If the Company or the Trustee shall so determine, new Debt Securities of any series so modified as to conform, in the opinion of the Trustee and the Board of Directors, to any modification of this Indenture contained in
any such Supplemental Indenture may be prepared and executed by the Company, authenticated by the Trustee and delivered in exchange for the Outstanding Debt Securities of such series. 

Section 11.5 Evidence of Compliance of Supplemental Indenture to be Furnished Trustee. Upon its written request, the
Trustee, subject to the provisions of Sections 8.1 and 8.2, shall receive, and shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any Supplemental Indenture executed pursuant
hereto complies with the requirements of this Article XI and is authorized and permitted by this Indenture. 

  
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 Section 11.6 Waivers of Covenants. Anything in this Indenture to the contrary
notwithstanding, the Company may fail or omit, in respect of any series of Debt Securities, and in any particular instance, to comply with any covenant, agreement or condition contained in Article V (other than in 5.1, 5.3 and 5.4(a)), or with any
additional covenant, agreement or condition contained in a Board Resolution or Officers’ Certificate establishing such series of Debt Securities or any Supplemental Indenture applicable to such series of any Debt Security of such series if the
Company shall have obtained and filed with the Trustee before or after the time for such compliance the consent in writing of the Holders of more than 50% in aggregate principal amount of the Debt Securities of the series affected by such waiver at
the time Outstanding, either waiving such compliance in such instance or generally waiving compliance with such covenant or condition, but no such waiver shall extend to or affect any obligation not expressly waived nor impair any right consequent
thereon and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. 

ARTICLE XII. 

GUARANTEES 

Section 12.1 Applicability of Article. Any series of Debt Securities issued hereunder may be guaranteed by one or more of
the Guarantors. The terms and the form of any such guarantee will be established in the manner contemplated by Section 3.1 for that particular series of Debt Securities. 

ARTICLE XIII. 

CONSOLIDATION, MERGER, SALE AND CONVEYANCE 

Section 13.1 Company May Consolidate on Certain Terms. Nothing contained in this Indenture or in any of the Debt Securities
shall prevent any consolidation or merger of the Company with or into any other Person (whether or not affiliated with the Company), or successive consolidations or mergers in which the Company or its successor or successors shall be a party or
parties, or shall prevent any sale, conveyance or lease of all or substantially all of the property of the Company to any other Person (whether or not affiliated with the Company) authorized to acquire and operate such properties; provided,
however, that the Company hereby covenants and agrees that any such consolidation, merger, sale, conveyance or lease shall be upon the condition that (a) immediately after such consolidation, merger, sale, conveyance or lease the Person
(whether the Company or such other Person) formed by or surviving any such consolidation or merger, or to which such sale, conveyance or lease shall have been made, shall not be in default in the performance or observance of any of the terms,
covenants and conditions of this Indenture to be kept or performed by the Company; (b) the Person (if other than the Company) formed by or surviving any such consolidation or merger or to which such sale, conveyance or lease shall have been
made, shall be a Person organized under the laws of the United States of America or any state thereof; and (c) the due and punctual payment of the principal of and premium, if any, and interest on all of the Debt Securities, according to their
tenor, and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed or observed by the Company, shall be expressly assumed, by a Supplemental Indenture satisfactory in form to the
Trustee, executed and delivered to the Trustee by the Person (if other than the Company) formed by such consolidation, or into which the Company shall have been merged, or by the Person which shall have acquired or leased such property. 

Section 13.2 Successor Entity to be Substituted. In case of any such consolidation, merger, sale, conveyance or lease and
upon the assumption by the successor Person, 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 interest on all of
the Debt Securities and the due and punctual performance and observance of all of the covenants and conditions of this Indenture to be performed or observed by the Company, such successor Person shall succeed to and be substituted for the Company,
with the same effect as if it had been named herein as an original party, and (except in the event of a conveyance by way of lease) the predecessor Person shall be relieved of any further obligation under this Indenture and the Debt Securities. In
case of any such consolidation, merger, sale, conveyance or lease such changes in phraseology and form (but not in substance) may be made in the Debt Securities thereafter to be issued as may be appropriate. 

Section 13.3 Opinion of Counsel. The Trustee, subject to Sections 8.1 and 8.2, shall receive an Opinion of Counsel as
conclusive evidence that any such consolidation, merger, sale or conveyance and any such 

  
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assumption complies with the provisions of this Article XIII and that all conditions precedent herein provided relating to such transactions have been complied with. 

ARTICLE XIV. 

SATISFACTION AND DISCHARGE OF INDENTURE 

Section 14.1 Satisfaction, Discharge and Defeasance of Debt Securities of any Series. The Company and each Guarantor, if
any, shall be deemed to have paid and discharged the entire indebtedness on all the Debt Securities of a series, the provisions of this Indenture (except as to (x) the rights of Holders of Debt Securities of such series to receive, from the
money, in the currency required, and Government Obligations deposited with the Trustee pursuant to Section 14.2(a) or the interest and principal received by the Trustee in respect of such Government Obligations, payment of the principal of
(and premium, if any) and any installment of principal of (and premium, if any) or interest on such Debt Securities on the Stated Maturities thereof or upon the Redemption Dates for Debt Securities required to be redeemed pursuant to any mandatory
sinking fund or analogous provisions relating to Debt Securities of that series or pursuant to any call for redemption relating to Debt Securities of that series, (y) the Company’s rights and obligations with respect to such Debt
Securities under Sections 3.6, 3.7, 14.3 and 14.4, 5.2, 5.4, 6.1, 8.6, 8.10, 8.11 and, to the extent applicable to such series, Article IV, so long as the principal of (and premium, if any) and interest on the Debt Securities of such series
remain unpaid and, thereafter, only the Company’s rights and obligations under Sections 5.4, 8.6, 14.3 and 14.4, and (z) the rights, powers, trusts, duties and immunities of the Trustee with respect to the Debt Securities of such series)
as it relates to such Debt Securities shall no longer be in effect, and the Trustee, at the expense of the Company, shall, upon Company Request, execute proper instruments acknowledging the same if: 

(a) (1) all Debt Securities of such series therefore authenticated and delivered (other than (A) Debt Securities which have been
destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.7 and (B) Debt Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter
repaid to the Company or discharged from such trust, as provided in Sections 14.3 and 14.4) have been delivered to the Trustee for cancellation; 

(2) the Company and each Guarantor, if any, has paid or caused to be paid in the currency required all other sums payable
under this Indenture in respect of the Debt Securities of such series; and 
 (3) the Company has delivered to the Trustee
an Officers’ Certificate, an Opinion of Counsel and a written opinion of independent public accountants, each stating that all conditions precedent herein provided for relating to the satisfaction of the entire indebtedness of all Debt
Securities of any such series and the discharge of the Indenture as it relates to such Debt Securities have been complied with; or 
 (b)
(1) all Debt Securities of such series not theretofore delivered to the Trustee for cancellation (A) have become due and payable, or (B) will become due and payable at their Stated Maturity within one year, or (C) are to be called for
redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense of the Company; 

(2) the condition described in paragraph (a) of Section 14.2 has been satisfied; and 

(3) the conditions described in paragraphs (a)(2) and (a)(3) of this Section 14.1 have been satisfied; or 

(c) (1) the conditions referred to in paragraphs (b)(2) and (b)(3) of this Section 14.1 have been satisfied; 

(2) no Event of Default or event which with notice or lapse of time would become an Event of Default shall have occurred and
be continuing on the date of the deposit referred to in paragraph (a) of Section 14.2 or on the ninety-first day after the date of such deposit; provided, however, that should that condition fail to be satisfied on or before such
ninety-first day, the Trustee shall promptly, upon satisfactory receipt of evidence of such failure, return such deposit to the Company; 

  
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 (3) the Company has either (A) delivered to the Trustee an opinion of
counsel of a nationally-recognized independent tax counsel to the effect that Holders of the Debt Securities of such series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and the satisfaction,
discharge and defeasance contemplated by this paragraph (c) of this Section 14.1 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 deposit and
defeasance had not occurred or (B) the Company shall have received from, or there shall have been published by, the United States Internal Revenue Service a ruling to the effect stated in subsection (A) of this Section 14.1(c)(3); and

 (4) the Company has received an Opinion of Counsel to the effect that the satisfaction, discharge and defeasance
contemplated by this Section 14.1 will not result in the delisting of the Debt Securities of that series from any nationally-recognized securities exchange on which they are listed. 

Section 14.2 Defeasance of Debt Securities of any Series. The provisions of this Indenture (except as to (x) the
rights of Holders of Debt Securities of any series to receive, from the money, in the currency required, and Government Obligations deposited with the Trustee pursuant to paragraph (a) below or the interest and principal received by the Trustee
in respect of such Government Obligations, payment of the principal of (and premium, if any) and any installment of principal of (and premium, if any) or interest on such Debt Securities on the Stated Maturities thereof or upon the Redemption Dates
for Debt Securities required to be redeemed pursuant to any mandatory sinking or analogous provisions relating to Debt Securities of that series or pursuant to any call for redemption relating to Debt Securities of that series, (y) the
Company’s rights and obligations with respect to such Debt Securities under Sections 3.6, 3.7, 14.3, 14.4, Article VII (other than subsection (d) of Section 7.1), Sections 5.1, 5.2, 5.4, 6.1, 8.6, 8.10, 8.11 and, to the extent
applicable to such series, Article IV, so long as the principal of (and premium, if any) and interest on the Debt Securities of such series remain unpaid and, thereafter, only the Company’s rights and obligations under Sections 5.4, 8.6,
14.3 and 14.4, and (z) the rights, powers, trusts, duties and immunities of the Trustee with respect to the Debt Securities of such series) as it relates to Debt Securities of any series shall no longer be in effect, and the Trustee, at the
expense of the Company shall, upon Company Request, execute proper instruments acknowledging the same if: 
 (a) the Company has deposited
or caused to be deposited with the Trustee as trust funds in trust for the purpose (1) the Dollars or Foreign Currency, as applicable, in an amount, or (2) Government Obligations which through the payment of interest and principal in
respect thereof in accordance with their terms will provide on or before the due date of any payment in respect of such series of Debt Securities in an amount, or (3) a combination thereof, sufficient, after payment of all Federal, state and
local taxes in respect thereof payable by the Trustee, in the opinion of a nationally-recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge (A) the
principal of (and premium, if any) and each installment of principal (and premium, if any) and interest on the Outstanding Debt Securities of that series on the Stated Maturity of such principal or installment of principal or interest and
(B) any mandatory sinking fund payments or analogous payments or payments pursuant to any call for redemption applicable to Debt Securities of such series on the day on which such payments are due and payable in accordance with the terms of the
Indenture and such Debt Securities; 
 (b) no Event of Default or event which with notice or lapse of time would become an Event of Default
shall have occurred and be continuing on the date of such deposit; 
 (c) the interest of the Holders in such deposit shall have been duly
perfected under the applicable provisions of the Uniform Commercial Code; and 
 (d) the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the defeasance contemplated by this Section have been complied with. 

Section 14.3 Application of Trust Funds; Indemnification. (a) Subject to the provisions of Section 14.4, all
money and Government Obligations deposited with the Trustee pursuant to Section 14.1 or 14.2 and all money received by the Trustee in respect of Government Obligations deposited with the Trustee, shall be held in trust and applied by it, in
accordance with the provisions of the Debt Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as 

  
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the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money and Government Obligations have been deposited with or
received by the Trustee as contemplated by Section 14.1 or 14.2. 
 (b) The Company shall pay and shall indemnify the Trustee against
any tax, fee or other charge imposed on or assessed against Government Obligations deposited pursuant to Section 14.1 or 14.2 or the interest and principal received in respect of such obligations, other than any such tax, fee or other charge
payable by or on behalf of Holders. The Company shall be entitled to prompt notice of an assessment or the commencement of any proceeding for which indemnification may be sought hereunder and, at its election, to contest such assessment or to
participate in, assume the defense of, or settle such proceeding. 
 (c) The Trustee shall deliver or pay to the Company from time to time
upon Company Request any Government Obligations or money held by it as provided in Section 14.1 or 14.2 which, in the opinion of a nationally-recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such obligations or money were deposited or received. 

(d) If the Trustee is unable to apply any money or Government Obligations in accordance with this Section 14.3 by reason of any legal
proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s and any applicable Guarantor’s obligations under this Indenture and the
Debt Securities, if any, of such series shall be revived and reinstated as though no deposit had occurred pursuant to Section 14.1 or Section 14.2, as the case may be, until such time as the Trustee is permitted to apply all such money or
Government Obligations in accordance with this Section 14.3; provided, however, that if the Company has made any payment of interest on or principal of (and premium, if any) on any Debt Securities, if any, of such series because of the
reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such series of Debt Securities, if any, to receive such payment from the money or Government Obligations held by the Trustee. 

Section 14.4 Return of Unclaimed Moneys. Any moneys deposited with or paid to the Trustee or any Paying Agent for payment
of the principal of and premium, if any, or interest on Debt Securities and not applied but remaining unclaimed by the Holders of Debt Securities for two years after the date upon which the principal of and premium, if any, or interest on such Debt
Securities, as the case may be, shall have become due and payable, shall be repaid to the Company by the Trustee or such Paying Agent on demand; and the Holder of any of the Debt Securities entitled to receive such payment shall thereafter look only
to the Company for any payment thereof. 
 Section 14.5 Reinstatement. If the Trustee is unable to apply any money or
Government Obligations in accordance with Sections 14.1 or 14.2 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the
Company’s and any applicable Guarantor’s obligations under this Indenture and the Debt Securities shall be revived and reinstated as though no deposit had occurred pursuant to Sections 14.1 or 14.2 until such time as the Trustee is
permitted to apply all such money or Government Obligations in accordance with Sections 14.1 or 14.2; provided that, if the Company has made any payment of principal of or interest on the Debt Securities because of the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Holders of such Debt Securities to receive such payment from the money or Government Obligations held by the Trustee. 

ARTICLE XV. 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, 

OFFICERS AND DIRECTORS 

Section 15.1 Indenture and Debt Securities Solely Obligations of the Company. No recourse under or upon any obligation,
covenant or agreement of this Indenture, any Supplemental Indenture, or of any Debt Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, organizer, stockholder, member, owner, officer,
director, manager or employee, as such, past, present or future, of the Company, any Guarantor, any of their respective Subsidiaries, or any predecessor or successor Person, either directly or through the Company, whether by virtue of any
constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely obligations of the Company and any
applicable Guarantor, and that no such personal 

  
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liability whatever shall attach to, or is or shall be incurred by, any incorporator, organizer, stockholder, member, owner, officer, director, manager or employee, as such, of the Company, any
Guarantor, any of their respective Subsidiaries, or any predecessor or successor Person, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in
this Indenture, or in any of the Debt Securities or implied thereby; and that any and all such personal liability, either at common law or in equity or by constitution or statute of, and any and all such rights and claims against, every such
incorporator, organizer, stockholder, member, owner, officer, director, manager or employee, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this
Indenture or in any of the Debt Securities or implied thereby, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of such Debt Securities. 

ARTICLE XVI. 

MISCELLANEOUS PROVISIONS 

Section 16.1 Provisions Binding on Successors of the Company. All of the covenants, stipulations, promises and agreements
in this Indenture contained by the Company shall bind its successors and assigns whether so expressed or not. 
 Section 16.2
Indenture for Sole Benefit of Parties and Holders of Debt Securities. Except as expressly provided to the contrary in Articles XIII or XIV, (i) nothing in this Indenture or in the Debt Securities, expressed or implied, shall give or be
construed to give to any Person, firm or corporation, other than the parties hereto, any agent of the Trustee or the Company under this Indenture and the Holders of the Debt Securities, any legal or equitable right, remedy or claim under or in
respect of this Indenture, or under any covenant, condition or provision herein contained and (ii) all such covenants, conditions and provisions are for the sole benefit of the parties hereto, any agent of the Trustee or the Company under this
Indenture and the Holders of the Debt Securities. 
 Section 16.3 Notices. Any notice or demand which by any provision of
this Indenture is required or permitted to be given or served by the Trustee or by the Holders of Debt Securities on the Company may be given or served by being deposited, registered or certified mail postage prepaid, in a post office letter box in
the United States addressed (until another address is filed by the Company with the Trustee) to the Company, International Shipholding Corporation, 11 North Water Street, Suite 18290, Mobile, Alabama 36602, Facsimile No.:
                        , Attention: Chief Financial Officer. Any notice, direction, request or demand by any Holder of a Debt
Security or the Company to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made in writing at the Corporate Trust Office of the Trustee, addressed to the attention of its Corporate Trust
Department. Any notice, report or other instrument required by any of the provisions of this Indenture to be given by the Trustee to the Holders of Debt Securities of any or all series shall be deemed to have been sufficiently given, for all
purposes, when mailed by first class mail. 
 The Trustee agrees to accept and act upon instructions or directions pursuant to this
Indenture sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods; provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such
instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Company elects to give the
Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its reasonable discretion elects to act upon such instructions, the Trustee’s reasonable understanding of such instructions shall be
deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reasonable reliance upon and compliance with such instructions notwithstanding such instructions conflict or
are inconsistent with a subsequent written instruction. The Company agrees to assume all risks arising out of incidents of actual use by the Company of such electronic methods to submit instructions and directions to the Trustee, including without
limitation the risk of the Trustee acting on unauthorized instructions and the risk of interception by third parties. 

Section 16.4 New York Contract. This Indenture and the Debt Securities shall for all purposes be construed in accordance
with and governed by the laws of the State of New York. 
 Section 16.5 Evidence of Compliance with Conditions Precedent.
Upon any Company request to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an 

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

Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or
covenant provided for in this Indenture shall include (a) a statement that the Person making such certificate or opinion has read such covenant or condition; (b) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such certificate or opinion are based; (c) a statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable such
Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and (d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 

Section 16.6 Legal Holidays. In any case where the date of maturity of interest on or principal of or premium, if any, on
any series of Debt Securities or the date fixed for redemption of any Debt Security or Debt Securities will be a legal holiday or a day on which banking institutions are legally authorized or obligated to close in New York or any other location
where a Paying Agent appointed pursuant to Section 5.2 is located, then payment of such interest on or principal of and premium, if any, on such Debt Securities need not be made by such Paying Agent on such date but may be made by such Paying
Agent on the next succeeding business day that is not a day in such location that is either a legal holiday or a day on which banking institutions are legally authorized or obligated to close, with the same force and effect as if made on such date
of maturity or the date fixed for redemption and no interest shall accrue for the period from and after such prior date. 

Section 16.7 Trust Indenture Act of 1939 to Control. If any provision hereof limits, qualifies or conflicts with the duties
imposed by any of Sections 310 through 317 of the Trust Indenture Act of 1939, by the operation of Section 318(c) thereof, such imposed duties shall control, except as, and to the extent, expressly excluded from this Indenture, as
permitted by the Trust Indenture Act of 1939. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act of 1939 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 16.8 Headings. The table of contents, the
cross reference sheet, and the titles and headings of the articles and sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms
or provisions hereof. 
 Section 16.9 Determination of Principal Amount. In determining whether the Holders of the
requisite principal amount of Outstanding Debt Securities of any series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, or whether sufficient funds are available for redemption or for any other purpose,
(a) the principal amount of an Original Issue Discount Debt Security that shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a
declaration of acceleration of the maturity thereof pursuant to Section 7.1, (b) the principal amount of any Debt Securities denominated in a Foreign Currency that shall be deemed to be Outstanding for such purposes shall be determined by
converting the Foreign Currency into Dollars at the Market Exchange Rate as of the date of such determination and (c) the principal amount of any Indexed Debt Security that shall be deemed to be Outstanding for such purposes shall be the amount
of the principal face amount of such Indexed Debt Security at original issuance, unless otherwise provided in or pursuant to this Indenture. 

Section 16.10 Execution in Counterparts. This Indenture may be executed in any number of counterparts, each of which shall
be an original and such counterparts shall together constitute but one and the same instrument. [ • ] hereby accepts the trusts in this Indenture declared and provided, upon the terms and conditions hereinabove set forth. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed and
delivered as of the day and year first written above. 
 [SIGNATURE BLOCKS INTENTIONALLY OMITTED] 

  
 45

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