Document:

Commitment Letter

 Exhibit 10.63 
 Strictly Confidential 
  

			
	 Lehman Commercial Paper Inc.
 745 Seventh Avenue
 New York, New York 10019
	 	 Lehman Brothers Inc.
 745 Seventh Avenue
 New York, New York 10019

		
	 Bear, Stearns & Co. Inc.
 383 Madison Avenue
 New York, New York 10179
	 	 Bear Stearns Corporate Lending Inc.
 383 Madison Avenue
 New York, New York 10179

 March 13, 2006 
 COMMITMENT LETTER 
 PERSONAL AND CONFIDENTIAL 
 Pinnacle Entertainment, Inc. 
 3800 Howard Hughes Parkway 
 Las Vegas, Nevada 89109 
 Attention: Daniel R. Lee, Chairman of the Board and 

	                 Chief	Executive Officer 

 Ladies and Gentlemen:

 This commitment letter agreement (together with all exhibits and schedules hereto, the “Commitment
Letter”) will confirm the understanding and agreement among Lehman Commercial Paper Inc. (“LCPI”), Lehman Brothers Inc. (“Lehman Brothers”), Bear, Stearns & Co. Inc.
(“Bear Stearns” together with Lehman Brothers, the “Arrangers”) and Bear Stearns Corporate Lending Inc. (“BSCL”; together with LPCI, the “Initial Lenders”;
the Initial Lenders and the Arrangers being referred to herein collectively as the “Commitment Parties”) and Pinnacle Entertainment, Inc., a Delaware corporation (together with each
of its subsidiaries, the “Company”), in connection with the proposed financing for the acquisition of all of the issued and outstanding capital stock of Aztar Corporation (together with each of its subsidiaries, the
“Acquired Business”). We understand that the Company proposes to acquire all of the issued and outstanding capital stock of the Acquired Business (the “Acquisition”). The date on which the Acquisition
is consummated is referred to as the “Closing Date.” 
 You have advised us that the total funds needed
to finance the Acquisition (including (i) fees and expenses (which will be approximately $149 million), (ii) the refinancing of approximately $731 million of existing debt of the Acquired Business (the “Acquired Business
Existing Public Debt”), (iii) the refinancing of approximately $646 million of existing debt of the Company (the “Company Existing Public Debt”; together with the Acquired Business Existing Public Debt, the
“Existing Public Debt”) and (iv) premiums in connection with the redemption of the Existing Public Debt of approximately $73 million) will be approximately $3,057 million and that such funds will be provided from the
following sources: 
  

	 	•	 	$1,650 million of borrowings by the Company under Senior Term Loan Facilities (collectively with a $500 million Revolving Credit Facility, but not including any future incremental
credit facility, the “Credit Facilities”) among the Company, the Initial Lenders and the financial institutions party thereto; 

	 	•	 	the issuance by the Company of $1,250 million (less the amount of the Existing Public Debt that remains outstanding after the Closing Date and accrued interest and tender premiums
allocable thereto) in aggregate principal amount of high yield securities (the “Notes”) or, in the event the Notes are not issued at the time the Acquisition is consummated, $1,250 million (less the amount of the Existing
Public Debt that remains outstanding after the Closing Date and accrued interest and tender premiums allocable thereto) of borrowings by the Company under a senior subordinated increasing rate interim loan facility (the “Interim Loan
Facility” and, together with the Credit Facilities, the “Facilities”); and 

  

	 	•	 	approximately $157 million of existing cash balances from the Company and the Acquired Business (assuming the Company does not receive any additional insurance proceeds during 2006
and on or prior to the Closing Date). 

 As used below, the defined term “Company” will mean both the Company prior to the
Acquisition and, as applicable, the Company together with the Acquired Business, after giving effect to the Acquisition. 
 1. The
Commitments. 
 (a) You have requested (i) that the Initial Lenders (collectively with each other entity that becomes a lender under
the Credit Facilities, the “Senior Lenders”) commit to provide the entire amount of the Credit Facilities upon the terms and subject to the conditions set forth in this Commitment Letter and in the Summary of Terms of Credit
Facilities attached hereto as Exhibit A (the “Credit Facilities Term Sheet”) and (ii) that the Initial Lenders (collectively with each other entity that becomes a lender under the Interim Loan Facility, the
“Interim Lenders”; the Interim Lenders and the Senior Lenders are referred to herein collectively as the “Lenders”) commit to provide the entire amount of the Interim Loan Facility upon the terms and
subject to the conditions set forth or referred to in this Commitment Letter and in the Summary of Terms of Interim Loans attached hereto as Exhibit B (the “Interim Loans Term Sheet” and, together with the Credit Facilities
Term Sheet, the “Term Sheets”). 
 (b) Based on the foregoing, (i) LCPI is pleased to confirm by this Commitment
Letter its commitment to you to provide or cause one or more of its affiliates to provide 50% of the Credit Facilities and (ii) BSCL is pleased to confirm by this Commitment Letter its commitment to you to provide or cause one or more of its
affiliates to provide 50% of the Credit Facilities (collectively, the “Senior Loan Commitment”). 
 (c) Based on the
foregoing, (i) LCPI is pleased to confirm by this Commitment Letter its commitment to you to provide or cause one or more of its affiliates to provide 50% of the Interim Loan Facility and (ii) BSCL is pleased to confirm by this Commitment
Letter its commitment to you to provide or cause one or more of its affiliates to provide 50% of the Interim Loan Facility (collectively, the “Interim Loans Commitment” and, together with the Senior Loan Commitment, the
“Commitments”). You agree that if the Initial Lenders determine, in consultation with the Company, that it would be advisable to structure the loans under the Interim Loan Facility (the “Interim
Loans”) as securities to facilitate syndication of the Interim Loans Commitment, the documentation contemplated by this Commitment Letter will be modified to the extent necessary to provide for an issuance of securities and otherwise
such securities shall have the same terms as those of the Interim Loans. 
  

 2 

 (d) Pursuant to an Engagement Letter, dated as of the date hereof (the “Engagement
Letter”), among you and the Arrangers, as further consideration for the Interim Loans Commitment, you have engaged the Arrangers to act as your exclusive joint underwriters, exclusive joint initial purchasers and/or exclusive joint
placement agents and joint book managers in connection with the sale of the Permanent Securities (as defined in the Engagement Letter). 
 (e) It is agreed that the Arrangers will act as the sole joint book-runners and sole joint lead arrangers for the Credit Facilities and the Interim Loan Facility and that LCPI will act as the sole and exclusive Administrative Agent (acting
in such role, the “Administrative Agent”) for the Credit Facilities and the Interim Loan Facility and BSCL will act as the sole and exclusive Syndication Agent (the “Syndication Agent”; and together
with the Administrative Agent, the “Agents”) for the Credit Facilities and the Interim Loan Facility. Each of the Commitment Parties will have the rights and authority customarily given to financial institutions in such
roles, but will have no duties other than those expressly set forth herein. You agree that no other agents, co-agents, arrangers or book-runners will be appointed, no other titles will be awarded and no compensation (other than that expressly
contemplated by the Credit Facilities Term Sheet or the Fee Letter referred to below) will be paid in connection with the Credit Facilities or the Interim Loan Facility unless you and we so agree. 
 (f) The commitments and agreements of the Commitment Parties described herein are subject to (i) there not having been a Material Adverse Effect (as
defined below) since December 31, 2005 (the date of the most recent audited financial statements delivered to the Arrangers as of the date hereof) or any change, effect, event, development or occurrence or state of facts since December 31,
2005 that individually or in the aggregate has had or would reasonably be expected to have a Material Adverse Effect, (ii) the Arrangers having been afforded a period of at least 30 consecutive days following the delivery of indicative ratings
and the launch of the general syndication of the Facilities and immediately prior to the Closing Date to syndicate the Facilities, which the Arrangers agree shall be launched promptly after the availability of the applicable confidential information
memorandum, and (iii) the other conditions set forth below or referred to in the Funding Conditions attached hereto as Exhibit D. “Material Adverse Effect” shall mean any change, effect, event or occurrence or state of facts
(A) that is materially adverse to the business, assets, properties, financial condition or results of operations of the Acquired Business taken as a whole but excluding any of the foregoing resulting from (I) changes in international or
national political or regulatory conditions generally (in each case, to the extent not disproportionately affecting the Acquired Business as compared to other gaming companies), (II) changes or conditions generally affecting the U.S. economy or
financial markets or generally affecting the industry in which the Acquired Business operates (in each case, to the extent not disproportionately affecting the Acquired Business as compared to other gaming companies), (III) changes in tax rates in
any state in which the Acquired Business operates, (IV) the introduction of gaming in any state adjoining any state in which the Acquired Business operates, (V) any change in law that legalizes other forms of gaming in any state in which the
Acquired Business operates, as long as such change in law does not reduce or alter the scope, manner of operation, type, nature or timing of any permitted gaming activities which the Acquired Business is permitted to conduct, (VI) any change in
state law, as long as such change in law does not reduce or alter the scope, manner of operation, type, nature or timing of any permitted gaming activities which the Acquired Business is permitted to conduct and as long as such change in law does
not disproportionately affect the Acquired Business as compared to other gaming companies in the state) and/or (VII) any matters disclosed in Section 8.03(e) of the disclosures schedules to the Merger Agreement of the Acquired Business or
(B) that prevents or materially delays the Acquired Business from performing its material obligations under the Merger Agreement or the consummation of the transactions contemplated thereby. 
 2. Fees and Expenses. In consideration of the execution and delivery of this Commitment Letter by the Commitment Parties, you agree to pay the
fees and expenses set forth in Annex A-I to the 

  

 3 

 
Credit Facilities Term Sheet and in the Fee Letter dated the date hereof (the “Fee Letter”) as and when payable in accordance with
the terms thereof. In consideration of the execution and delivery of this Commitment Letter by the Initial Lenders as Interim Lenders, you agree to pay the fees and expenses contemplated by the Fee Letter as and when payable in accordance with the
terms thereof. 
 3. Indemnification. 
 (a) The Company hereby agrees to indemnify and hold harmless each of the Commitment Parties, the other Lenders and each of their respective affiliates and all their respective officers, directors, partners, trustees,
employees, shareholders, advisors, agents, attorneys and controlling persons and each of their respective heirs, successors and assigns (each, an “Indemnified Person”) from and against any and all losses, claims, damages and
liabilities to which any Indemnified Person may become subject arising out of or in connection with this Commitment Letter, the Credit Facilities, the Interim Loan Facility, the Extended Term Loans (as defined in the Interim Loans Term Sheet), the
Exchange Notes (as defined in the Interim Loans Term Sheet), the use of the proceeds therefrom, the Acquisition, any of the other transactions contemplated by this Commitment Letter or the Engagement Letter, any other transaction related thereto or
any claim, litigation, investigation or proceeding relating to any of the foregoing, regardless of whether any Indemnified Person is a party thereto, and to reimburse each Indemnified Person promptly upon demand for all out-of-pocket and documented
legal and other expenses reasonably incurred by it in connection with investigating, preparing to defend or defending, or providing evidence in or preparing to serve or serving as a witness with respect to, any lawsuit, investigation, claim or other
proceeding relating to any of the foregoing (including, without limitation, in connection with the enforcement of the indemnification obligations set forth herein); provided, however, that no Indemnified Person will be entitled to indemnity
hereunder in respect of any loss, claim, damage, liability or expense to the extent that it is found by a final, non-appealable judgment of a court of competent jurisdiction that such loss, claim, damage, liability or expense resulted from the gross
negligence or willful misconduct of such Indemnified Person. In no event will any Indemnified Person be liable on any theory of liability for indirect, special or consequential damages, lost profits or punitive damages as a result of any failure to
fund any of the Credit Facilities or the Interim Loan Facility contemplated hereby or otherwise in connection with the Credit Facilities or Interim Loan Facility. No Indemnified Person will be liable for any damages arising from the use by
unauthorized persons of information, projections or other materials sent through electronic, telecommunications or other information transmission systems that are intercepted by unauthorized persons. 
 (b) The Company further agrees that, without the prior written consent of each of the Commitment Parties, which consent will not be unreasonably
withheld, it will not enter into any settlement of a lawsuit, claim or other proceeding arising out of this Commitment Letter or the transactions contemplated by this Commitment Letter unless such settlement includes an explicit and unconditional
release from the party bringing such lawsuit, claim or other proceeding of all Indemnified Persons. The Company shall not be liable for any settlement effected without its consent, such consent not to be unreasonably withheld. 
 (c) In case any action or proceeding is instituted involving any Indemnified Person for which indemnification is to be sought hereunder by such
Indemnified Person, then such Indemnified Person will promptly notify the Company of the commencement of any action or proceeding; provided, however, that the failure so to notify the Company will not relieve the Company from any liability
that it may have to such Indemnified Person pursuant to this Section 3 or from any liability that it may have to such Indemnified Person other than pursuant to this Section 3. Notwithstanding the above, following such notification, the
Company may elect in writing to assume the defense of such action or proceeding, and, upon such election, it will not be liable for any legal costs subsequently incurred by such Indemnified Person (other than reasonable costs of investigation and
providing evidence) in connection therewith, 

  

 4 

 
unless (i) it has failed to provide counsel reasonably satisfactory to such Indemnified Person in a timely manner, (ii) counsel provided by the
Company reasonably determines that its representation of such Indemnified Person would present it with a conflict of interest or (iii) the Indemnified Person reasonably determines that there may be legal defenses available to it which are
different from or in addition to those available to the Company. In connection with any one action or proceeding, the Company will not be responsible for the fees and expenses of more than one separate law firm (in addition to local counsel) for all
Indemnified Persons. 
 (d) The Company and the Commitment Parties agree that if any indemnification or reimbursement sought pursuant to this
Section 3 is judicially determined to be unavailable for a reason other than the gross negligence or willful misconduct of such Indemnified Person, then the Company will contribute to the amount paid or payable by such Commitment Party, as a
result of such losses, claims, damages, liabilities and expenses for which such indemnification or reimbursement is held unavailable (i) in such proportion as is appropriate to reflect the relative benefits to the Company, on the one hand, and
such Commitment Party, as the case may be, on the other hand, in connection with the transactions to which such indemnification or reimbursement relates, or (ii) if the allocation provided by clause (i) above is judicially determined not
to be permitted, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative faults of the Company, on the one hand, and such Commitment Party, on the other hand, as well as any
other equitable considerations. 
 4. Expiration of Commitment. The Commitments will expire at 5:00 p.m., New York City time, on
March 31, 2006 unless on or prior to such time you have executed and returned to the Arrangers a copy of this Commitment Letter, the Fee Letter and the Engagement Letter. If you do so execute and deliver to the Arrangers this Commitment Letter,
the Fee Letter and the Engagement Letter, each Initial Lender agrees to hold its Commitments available for you until the earliest of (i) the consummation of the Acquisition with or without the funding of the Credit Facilities or the Interim
Loan Facility, (ii) the termination of any definitive executed agreement in respect of the Acquisition (an “Acquisition Agreement”) and (iii) 5:00 p.m., New York City time, on the one year anniversary of the date
hereof; provided, that, in the event the date of signing of an Acquisition Agreement by the Company and the Acquired Business or any of their respective affiliates (the “Signing Date”) occurs on or prior to the one
year anniversary of the date hereof, the foregoing date specified in this clause (iii) will be extended to the date that is the earlier of (A) the one-year anniversary of the Signing Date and (B) the 18-month anniversary of the date
hereof. The Commitments will terminate on the Closing Date, and you agree to rely exclusively on your rights and the commitments set forth in the Credit Documentation and Interim Loan Agreement in respect of all loans and extensions of credit to be
made after the Closing Date. 
 5. Confidentiality. 
 (a) This Commitment Letter, Fee Letter and the Engagement Letter and the terms and conditions contained herein and therein may not be disclosed by the Company to any person or entity without the prior written consent
of the Commitment Parties, such consent not to be unreasonably withheld or delayed other than (i) to the Acquired Business and such of your and their agents and advisors, (ii) other than the Fee Letter and the Engagement Letter, to the
rating agencies, (iii) in any filing in any public record in which it is required by law (or deemed advisable by the Company in connection with the Acquisition) to be filed, (iv) at the request of any regulatory body, and (v) such
other disclosures required by a judicial or administrative proceeding or as otherwise required by law or regulation. 
 (b) You acknowledge
that each Commitment Party and its affiliates (the term “Commitment Party,” when used in this paragraph, includes all such affiliates) may be providing debt financing, equity capital or other services (including financial
advisory services) to other companies in respect of which you may have conflicting interests regarding the transactions described herein and 

  

 5 

 
otherwise. The Commitment Parties will not use confidential information obtained from you by virtue of the transactions contemplated by this Commitment
Letter or their other relationships with you in connection with the performance by the Commitment Parties of services for other companies, and the Commitment Parties will not furnish any such information to other companies. You also acknowledge that
the Commitment Parties have no obligation to use in connection with the transactions contemplated by this Commitment Letter, or to furnish to you, confidential information obtained from other companies. 
 6. Assignment and Syndication. 
 (a)
The parties hereto agree that the Arrangers will have the right, in consultation with you, to syndicate the Facilities and the Commitments to one or more groups of financial institutions or other investors; provided, that the commitments hereunder
may not be assigned, in whole or in part, prior to the Closing Date without your prior written consent. The Arrangers will have the right, in consultation with you, to manage all aspects of any such syndication, including decisions as to the
selection of financial institutions or other investors to be approached and when they will be approached, the acceptance of commitments, the amounts offered, the amounts allocated and the compensation provided. Upon the reasonable request of the
Arrangers, the Company shall use its commercially reasonable efforts to assist the Arrangers in such syndication process, including, without limitation: (i) ensuring that the syndication efforts benefit from the existing lending relationships
of the Company (and, to the extent practicable, the Acquired Business); (ii) arranging for direct contact between senior management and other representatives and advisors of the Company (and, to the extent practicable, the Acquired Business)
and the proposed Lenders; (iii) assisting in the preparation of Confidential Information Memoranda and other marketing materials to be used in connection with any syndication, including causing such Confidential Information Memoranda to conform
to market standards for similar transactions as reasonably determined by the Arrangers and, at the reasonable request of the Arrangers, the preparation of versions of the Confidential Information Memoranda that do not contain material non-public
information concerning the Company or the Acquired Business, their respective affiliates or their securities for purposes of United States federal and state securities laws; and (iv) hosting, with the Arrangers, one or more meetings of
prospective Lenders, and, in connection with any such Lender meeting, consulting with the Arrangers with respect to the presentations to be made at such meeting, and making available appropriate officers and representatives of the Company (and, to
the extent practicable, the Acquired Business) to rehearse such presentations prior to such meetings, as reasonably requested by the Arrangers. You also agree that, at your expense, you will work with the Arrangers to procure a rating for the Credit
Facilities and the Interim Loan Facility by Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Group prior to the commencement of the general syndication of the Facilities. 
 (b) To assist the Arrangers in their syndication efforts, you agree promptly to prepare and provide to the Arrangers such information with respect to the
Company, the Acquired Business, the Acquisition and the other transactions contemplated hereby as it may reasonably request, including all financial information and projections as it may reasonably request, including a reasonably detailed business
plan for fiscal 2006 through fiscal 2011 in form and substance consistent with what the Company has delivered to the Arrangers in prior financing transactions (the “Projections”). You hereby represent and covenant that to the
best of your knowledge (i) all information other than the Projections (the “Information”), that has been or will be made available to the Arrangers by you or any of your representatives is or will be, when furnished, and
when taken as a whole, complete and correct in all material respects and does not or will not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained
therein, taken as a whole, not materially misleading in light of the circumstances under which such statements are made and (ii) the Projections that have been or will be made available to the Arrangers by you or any of your representatives, in
connection with the transactions contemplated hereby, have been or will be prepared in good faith based upon assumptions believed to be reasonable at the time made. You understand that in 

  

 6 

 
arranging and syndicating the Facilities and the Commitments we may use and rely on the Information and Projections without independent verification thereof.
If, at any time from the date hereof until the Closing Date, any of the representations and covenants in this section would be, to your knowledge, incorrect if the information or Projections were being furnished, and such representations and
warranties were being made, at such time, then you will use your commercially reasonable efforts to promptly supplement the Information and the Projections so that such representations and warranties will be correct under those circumstances.

 (c) To ensure an orderly and effective syndication of the Facilities and the Commitments, you agree that, from the date hereof until the
earlier of the termination of the syndication as determined by the Arrangers and 45 days following the Closing Date, you will not, and will not permit any of your affiliates to, syndicate or issue, attempt to syndicate or issue, announce or
authorize the announcement of the syndication or issuance of, or engage in discussions concerning the syndication or issuance of, any debt facility, or debt or equity security of the Company or any of its subsidiaries (other than the syndication of
the Facilities and the offering of the Notes, in each case, as contemplated hereby, and any equity securities the proceeds from which would be used to prepay the Tranche X Term Loans (as defined in the Credit Facilities Term Sheet)), including any
renewals or refinancings of any existing debt facility, that would in the Arrangers judgment be expected to have an adverse impact on the syndication of the Facilities. 
 7. Survival. The provisions of this Commitment Letter relating to the payment of fees and expenses, indemnification and contribution and confidentiality and the provisions of Sections 6 and 8 hereof will
survive the expiration or termination of the Commitments or this Commitment Letter (including any extensions) and the execution and delivery of definitive financing documentation provided, that the provisions hereof relating to
indemnification will be superseded on the Closing Date to the extent replaced by the provisions of the financing documentation. 
 8.
Choice of Law; Jurisdiction; Waivers. 
 (a) This Commitment Letter will be governed by and construed in accordance with the laws of
the State of New York. The Company and the Commitment Parties hereby irrevocably submit to the non-exclusive jurisdiction of any New York State court or Federal court sitting in the County of New York in respect of any suit, action or proceeding
arising out of or relating to the provisions of this Commitment Letter or the Fee Letter and irrevocably agree that all claims in respect of any such suit, action or proceeding may be heard and determined in any such court. The parties hereto hereby
waive any objection that they may now or hereafter have to the laying of venue of any such suit, action or proceeding brought in any such court, and any claim that any such suit, action or proceeding brought in any such court has been brought in an
inconvenient forum. The parties hereto hereby waive, to the fullest extent permitted by applicable law, any right to trial by jury with respect to any action or proceeding arising out of or relating to this Commitment Letter or the Fee Letter.

 (b) No Senior Lender or Interim Lender will be liable in any respect for any of the obligations or liabilities of any other Senior Lender
or Interim Lender under this letter or arising from or relating to the transactions contemplated hereby. 
 9. Miscellaneous.

 (a) This Commitment Letter may be executed in one or more counterparts, each of which will be deemed an original, but all of which taken
together will constitute one and the same instrument. Delivery of an executed signature page of this Commitment Letter by facsimile transmission will be effective as delivery of a manually executed counterpart hereof. This Commitment Letter may not
be amended or waived except by an instrument in writing signed by each of the Commitment Parties and you. 
  

 7 

 (b) The Company may not assign any of its rights, or be relieved of any of its obligations, without the
prior written consent of each of the Lenders (and any purported assignment without such consent will be null and void). 
 (c) This
Commitment Letter and the attached Exhibits and Schedules set forth the entire understanding of the parties hereto as to the scope of the Commitments and the obligations of the Lenders and the Commitment Parties hereunder. This Commitment Letter
supersedes all prior understandings and proposals, whether written or oral, between any of the Lenders and you relating to any financing or the transactions contemplated hereby. This Commitment Letter is in addition to the agreements of the parties
contained in the Engagement Letter and the Fee Letter. 
 (d) This Commitment Letter has been and is made solely for the benefit of the
parties signatory hereto, the Indemnified Persons, and their respective heirs, successors and assigns, and nothing in this Commitment Letter, expressed or implied, is intended to confer or does confer on any other person or entity any rights or
remedies under or by reason of this Commitment Letter or the agreements of the parties contained herein. 
 (e) You acknowledge that the
Lenders and the Commitment Parties may be (or may be affiliated with) full service financial firms and as such from time to time may effect transactions for their own account or the account of customers, and hold long or short positions in debt or
equity securities or loans of companies that may be the subject of the transactions contemplated by this Commitment Letter. You hereby waive and release, to the fullest extent permitted by law, any claims you have with respect to any conflict of
interest arising from such transactions, activities, investments or holdings, or arising from the failure of any Commitment Party or one or more Lenders or any of their respective affiliates to bring such transactions, activities, investments or
holdings to your attention. 
 (f) You agree to provide us, prior to the Closing Date, with all documentation and other information required
by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the U.S.A. Patriot Act. 
  

 8 

 If you are in agreement with the foregoing, kindly sign and return to us the enclosed copy of this
Commitment Letter. 
  

			
	Very truly yours,
	
	LEHMAN COMMERCIAL PAPER INC.
		
	By:	 	 /s/ William J. Hughes

	Name:	 	William J. Hughes
	Title:	 	Managing Director
	
	LEHMAN BROTHERS INC.
		
	By:	 	 /s/ William J. Hughes

	Name:	 	William J. Hughes
	Title:	 	Managing Director
	
	BEAR, STEARNS & CO. INC.
		
	By:	 	 /s/ Richard Bram Smith

	Name:	 	Richard Bram Smith
	Title:	 	Senior Managing Director
	
	BEAR STEARNS CORPORATE LENDING INC.
		
	By:	 	 /s/ Richard Bram Smith

	Name:	 	Richard Bram Smith
	Title:	 	Vice President

			
	 Accepted and agreed to as of the
 date first
above written:

	
	PINNACLE ENTERTAINMENT, INC.
		
	By:	 	 /s/ Stephen H. Capp

	Name:	 	Stephen H. Capp
	Title:	 	 Executive Vice President and
 Chief Financial
Officer

 EXHIBIT A TO COMMITMENT LETTER 
 SUMMARY OF TERMS OF CREDIT FACILITIES 
 Set forth below is a summary
of certain of the terms of the Credit Facilities and the documentation related thereto. Capitalized terms used and not otherwise defined herein have the meanings set forth in the Commitment Letter to which this Summary of Terms is attached and of
which it forms a part. 
  

					
	I.	  	Parties	  	
			
		  	Borrower	  	Pinnacle Entertainment, Inc. (the “Company”).
			
		  	Guarantors	  	Each of the Company’s direct and indirect subsidiaries (other than foreign subsidiaries of the Company to the extent it would result in material adverse tax, foreign gaming or foreign law
consequences, Unrestricted Subsidiaries and Immaterial Subsidiaries (each to be defined in a manner consistent with the Second Amended and Restated Credit Agreement, dated as of December 14, 2005 (the “Existing Credit
Agreement”)) and certain other exceptions consistent with the Existing Credit Agreement), among the Company, the lenders party thereto, LCPI, as administrative agent, and BSCL, as syndication agent) (the
“Guarantors”; the Company and the Guarantors, collectively, the “Credit Parties”).
			
		  	Unrestricted Subsidiaries	  	The subsidiaries of the Company in Argentina, Chile and the Bahamas and other subsidiaries of the Company acquired or formed after the Closing Date that meet requirements to be agreed. Foreign
Unrestricted Subsidiaries may engage in the casino/hotel business and own casino/hotel assets in foreign jurisdictions.
			
		  	 Joint Lead
 Arrangers and Joint
Book-Runners
	  	  
 Lehman Brothers Inc. and Bear, Stearns & Co. Inc. (in such capacities,
the “Arrangers”).

			
		  	Syndication Agent	  	Bear Stearns Corporate Lending Inc. (in such capacity, the “Syndication Agent”).
			
		  	Administrative Agent	  	Lehman Commercial Paper Inc. (in such capacity, the “Administrative Agent”).
			
		  	Senior Lenders	  	A syndicate of banks, financial institutions and other entities arranged by the Arrangers with the consultation of the Company; provided, that any such syndication prior to the Closing Date
shall comply with the terms and conditions set forth in the Commitment Letter (collectively, the “Senior Lenders”).

  

 A-1 

					
	II.	  	Types and Amounts of Credit Facilities	  	
			
		  	Senior Term Loan Facilities	  	Senior Term Loan Facilities (the “Term Loan Facilities”) in an aggregate principal amount equal to $1,650 million (the loans thereunder, the “Term
Loans”) as follows:
			
		  		  	A six and one-half-year term loan facility (the “Tranche X Term Loan Facility”) in an aggregate principal amount equal to $400 million (the loans thereunder, the
“Tranche X Term Loans”). The Tranche X Term Loans will be repayable in equal quarterly installments in an aggregate annual amount equal to 1% of the initial principal amount of the Term Loans during the five years and three
months following the one year anniversary of the Closing Date with the balance payable on the six and one-half year anniversary of the Closing Date.
			
		  		  	A seven-year term loan facility (the “Tranche B Term Loan Facility”, and collectively with the Tranche X Term Loan Facility, the “Term Loan
Facilities”) in an aggregate principal amount equal to $1,250 million (the loans thereunder, the “Tranche B Term Loans”, and collectively with the Tranche X Term Loans, the “Term Loans”).
The Tranche B Term Loans will be repayable in equal quarterly installments in an aggregate annual amount equal to 1% of the initial principal amount of the Tranche B Term Loans during the five years and nine months following the one year anniversary
of the Closing Date with the balance payable on the seventh anniversary of the Closing Date.
			
		  	 Availability
	  	The Term Loans will be made in a single drawing on the Closing Date.
			
		  	 Purpose
	  	The proceeds of the Term Loans will be used to finance, in part, the Acquisition (including related fees and expenses (including severance costs)), to refinance certain existing indebtedness of
the Acquired Business and the Company, and for general corporate purposes of the Company and its subsidiaries, including without limitation to finance capital expenditures, asset purchases, other investments.
			
		  	Incremental Credit Facility	  	The Company will have the right to solicit commitments for a pre-approved (but not pre-committed) increase in the Revolving Credit Facility and/or an incremental term loan facility (the
“Incremental Term Loan Facility”) in an aggregate principal amount up to $300 million on, in the case of the Incremental Term Loan Facility, terms substantially the same as those applicable to the Tranche B Term Loan Facility
(subject to exceptions consistent with those in the Existing Credit Agreement). The term loans under the Incremental Term Loan Facility (the “Incremental Loans”), together with the Term Loans,

  

 A-2 

					
		 		  	are referred to herein as the “Senior Term Loans.” Such increases in the Revolving Credit Facility or Incremental Loans may be provided by existing Senior Lenders or
other persons who become Senior Lenders in connection therewith and will be subject to customary conditions and price protection consistent with the Existing Credit Agreement. No Senior Lender will be obligated to provide any such increase or
Incremental Loans.
			
		 	 Purpose
	  	The proceeds from the Incremental Term Loan Facility may be used for general corporate purposes of the Company and its subsidiaries, including, without limitation, for permitted acquisitions,
to finance the capital expenditures, asset purchases and other investments and to prepay the Interim Loans or the Term Loans (as defined in Exhibit C to the Commitment Letter).
			
		 	Revolving Credit Facility	  	A five-year revolving credit facility (the “Revolving Credit Facility”; together with the Term Loan Facilities and any Incremental Term Loan Facility, the
“Credit Facilities”) in an aggregate principal amount equal to $500 million (the loans thereunder, the “Revolving Credit Loans”, and together with the Senior Term Loans, the
“Loans”).
			
		 		  	The Company shall have the right on or prior to the Closing Date, to solicit commitments for an additional amount of commitments in respect of the Revolving Credit Facility such that the
aggregate commitments in respect of the Revolving Credit Facility do not exceed $750 million. Such increases in the Revolving Credit Facility may but shall not be required to be provided by existing Senior Lenders.
			
		 	 Availability
	  	The Revolving Credit Facility will be available on a revolving basis during the period commencing on the Closing Date and ending on the fifth anniversary of the Closing Date (the
“Revolving Credit Termination Date”); provided, that an amount to be agreed of Revolving Credit Loans may be used to finance the Acquisition.
			
		 	 Letters of Credit
	  	A portion of the Revolving Credit Facility not in excess of an amount to be agreed will be available for the issuance of letters of credit (the “Letters of Credit”) by
one or more Senior Lenders to be selected in the syndication process (each such Senior Lender in such capacity, an “Issuing Senior Lender”). The face amount of any outstanding Letters of Credit will reduce availability under
the Revolving Credit Facility on a dollar-for-dollar basis. No Letter of Credit will have an expiration date after the earlier of (i) one year after the

  

 A-3 

					
		  		  	date of issuance, unless the Issuing Senior Lender otherwise agrees, and (ii) five business days prior to the Revolving Credit Termination Date; provided that any Letter of Credit with a
one-year tenor may provide for the renewal thereof for additional one year periods (which shall in no event extend beyond the date referred to in clause (ii) above).
			
		  		  	Drawings under any Letter of Credit will be reimbursed by the Company (whether with its own funds or with the proceeds of Revolving Credit Loans) on the next business day. Each Senior Lender
under the Revolving Credit Facility will acquire an irrevocable and unconditional pro rata participation in each Letter of Credit.
			
		  	 Swing Line Loans
	  	A portion of the Revolving Credit Facility not in excess of an amount to be agreed will be available for swing line loans (the “Swing Line Loans”) from Lehman Commercial
Paper Inc. (in such capacity, the “Swing Line Senior Lender”) on same-day notice. Any such Swing Line Loans will reduce availability under the Revolving Credit Facility on a dollar-for-dollar basis. Each Senior Lender under
the Revolving Credit Facility will acquire an irrevocable and unconditional pro rata participation in each Swing Line Loan.
			
		  	 Maturity
	  	The Revolving Credit Termination Date.
			
		  	 Purpose
	  	The proceeds of the Revolving Credit Loans will be used to finance the Company’s capital expenditures, asset purchases and other investments and for general corporate purposes of the
Company and its subsidiaries (including certain construction projects).
			
	III.	  	Certain Payment Provisions	  	
			
		  	Fees and Interest Rates	  	As set forth on Annex A-I.
			
		  	Optional Prepayments and Commitment Reductions	  	  
 Loans may be prepaid in minimum amounts to be agreed upon without premium or
penalty. Optional prepayments of the Senior Term Loans will be applied ratably to each tranche and to the installments thereof ratably in accordance with the then outstanding amounts thereof and may not be reborrowed. The unutilized portion of the
commitments under the Revolving Credit Facility may, upon five business days’ notice, be permanently reduced or terminated by the Company without premium or penalty, in minimum amounts to be agreed.

  

 A-4 

					
		  	Mandatory Prepayments and Commitment Reductions	  	The following amounts will be applied to prepay the Senior Term Loans (subject to exceptions and thresholds that are consistent with those set forth in the Existing Credit
Agreement):
			
		  		  	 (i)       100% of the net cash proceeds of any issuance or incurrence of indebtedness (other than
indebtedness otherwise permitted under the Credit Documentation (as defined below)) after the Closing Date by the Company or any of its subsidiaries;

			
		  		  	 (ii)      100% of the net cash proceeds of any sale or other disposition (including as a result of casualty or
condemnation) by the Company or any of its subsidiaries of any assets and certain insurance proceeds recoveries (other than business interruption), with exceptions for proceeds that are re-invested within 12 months or committed to be re-invested
within 12 months and actually re-invested within a further six months of such commitment, in each case, in assets otherwise permitted under the Credit Documentation (except for the sale of inventory in the ordinary course of business, a general
basket and de minimis exceptions consistent with the Existing Credit Agreement with adjustments to reflect the Acquisition, certain designated dispositions consistent with those under the Existing Credit Agreement, and certain other dispositions to
be agreed upon); and

			
		  		  	 (iii)     50% of excess cash flow (to be defined in a manner that is consistent with the Existing Credit Agreement)
for each fiscal year of the Company (commencing with the fiscal year following the fiscal year in which the Closing Date occurs).

			
		  		  	Each such prepayment of the Senior Term Loans will be applied ratably to each tranche and to the installments thereof in direct order of maturity and may not be reborrowed; provided, that
proceeds from any event specified in clause (i) above and the proceeds from certain insurance recoveries shall be applied first to the prepayment of the Tranche X Term Loans.
			
		  		  	In addition, the Tranche X Term Loans shall be prepaid with 100% of the net cash proceeds of any sale or issuance of equity (other than issuances pursuant to employee stock plans and other
exceptions to be agreed) after the Closing Date by the Company. Any such amounts prepaid may not be reborrowed.
			
	IV.	  	Collateral	  	The obligations of each Credit Party in respect of the Credit Facilities and certain interest rate hedge agreements and cash management arrangements provided

  

 A-5 

					
		  		  	by affiliates of the Lenders at the time such agreements or arrangements are entered into will be secured by a perfected first priority security interest (subject to permitted liens) in
substantially all of its tangible and intangible assets (including, without limitation, intellectual property, real property, licenses, permits and all of the capital stock of each of the Company’s direct and indirect domestic subsidiaries and
65% of the voting stock and 100% of the non-voting stock of certain of its first-tier foreign subsidiaries (other than Unrestricted Subsidiaries)), except for assets as to which the Arrangers determine, in their reasonable discretion, that the costs
of obtaining such a security interest are excessive in relation to the value of the security to be afforded thereby and those assets which are not required to be collateral under the Existing Credit Agreement, and subject to legal or regulatory
limitations.
			
		  		  	To the extent any security interest in the intended Collateral or any deliverable related to the perfection of security interests in the intended Collateral (other than any Collateral the
security interest in which may be perfected by the filing of a UCC financing statement or the delivery of stock certificates and the security agreement giving rise to the security interest therein) is not provided on the Closing Date after your use
of commercially reasonable efforts to do so, the provision of such security interest(s) or deliverable shall not constitute a condition precedent to the availability of the Credit Facilities on the Closing Date but shall be required to be delivered
after the Closing Date pursuant to arrangements to be mutually agreed by the Administrative Agent and the Company.
			
	V.	  	Certain Conditions	  	
			
		  	Initial Conditions	  	The availability of the Credit Facilities is subject to the conditions set forth on Exhibit D to the Commitment Letter.
			
		  	On-Going Conditions	  	The making of each extension of credit will be conditioned upon (i) the accuracy in all material respects (except to the extent otherwise qualified by materiality or similar qualification) of
all representations and warranties in the definitive financing documentation with respect to the Credit Facilities (the “Credit Documentation”) (including, without limitation, the material adverse change and litigation
representations) and (ii) there being no default or event of default in existence at the time of, or after giving effect to the making of, such extension of credit; provided that, the only representations and

  

 A-6 

					
		  		  	warranties relating to the Acquired Business and its businesses the making of which shall be a condition to availability of the Credit Facilities on the Closing Date shall be the representations
made by the Acquired Business in the Merger Agreement.
			
	VI.	  	Certain Documentation Matters	  	The Credit Documentation will contain the following representations, warranties, covenants and events of default, subject to exceptions, materiality qualifiers, thresholds and grace periods
where appropriate to be determined and generally consistent with the Existing Credit Agreement:
			
		  	Representations and Warranties	  	Financial statements (including pro forma financial statements); absence of undisclosed liabilities; no material adverse change (which as of the Closing Date shall be defined in a manner
consistent with the Commitment Letter and thereafter as mutually agreed by the parties); corporate existence; compliance with law; corporate power and authority; enforceability of Credit Documentation; no conflict with law or contractual
obligations; no material litigation; no default; ownership of property; indebtedness; liens; intellectual property; taxes; Federal Reserve regulations; ERISA; Investment Company Act; licenses; permits; franchises and regulatory approvals;
subsidiaries; environmental matters; solvency; labor matters; accuracy of disclosure; creation and perfection of security interests; status of the Credit Facilities as senior debt; use of proceeds; Regulation H; gaming laws; and insurance
proceeds.
			
		  	Affirmative Covenants	  	Delivery of financial statements, reports, accountants’ letters, annual budgets (including projections), officers’ certificates and other information reasonably requested by the Senior
Lenders; payment of other obligations; continuation of business and maintenance of existence and material rights and privileges; compliance with laws and material contractual obligations; maintenance of property and insurance; maintenance of books
and records; right of the Senior Lenders to inspect property and books and records; notices of defaults, litigation and other material events; compliance with environmental laws; further assurances (including, without limitation, with respect to
security interests in after-acquired property); post-closing filings with gaming authorities; and agreement to obtain within 90 days after the Closing Date interest rate protection such that interest on at least 40% of the Company’s
long-term debt is fixed or hedged for a period of not less than three years on terms and conditions reasonably satisfactory to the Arrangers.

  

 A-7 

					
		 	Construction Monitoring	  	A third party construction monitor arrangement consistent with the terms set forth in the Existing Credit Agreement.
			
		 	Financial Covenants	  	Only the following: minimum interest coverage ratio, maximum senior leverage ratio and maximum total debt leverage ratio. The financial covenants shall apply to the Company and its subsidiaries
and shall be tested on a rolling four-quarter basis at the end of each fiscal quarter after the Closing Date.
			
		 	Negative Covenants	  	Consistent with those set forth in the Existing Credit Agreement (with modifications to be agreed upon to reflect the Acquisition), limitations on: indebtedness (including preferred stock);
liens; guarantee obligations; mergers and acquisitions, consolidations, liquidations and dissolutions; sales of assets; dividends and other payments in respect of capital stock; maintenance capital expenditures and discretionary capital
expenditures; investments, loans and advances; optional payments and modifications of subordinated and other debt instruments; transactions with affiliates; sale and leasebacks; changes in fiscal year; negative pledge clauses; changes in lines of
business; restrictions on subsidiary distributions; hedge agreements; and changes to the Deferred Compensation Plan and Directors and Officers’ Trust (each to be defined in a manner consistent with the Existing Credit
Agreement).
			
		 	Events of Default	  	Nonpayment of principal when due; nonpayment of interest, fees or other amounts after a grace period to be agreed upon; material inaccuracy of representations and warranties; violation of
covenants (subject, in the case of certain affirmative covenants, to a grace period to be agreed upon); cross-default to indebtedness in excess of an amount to be agreed upon; bankruptcy events; certain ERISA events; material judgments; actual or
asserted invalidity of any guarantee or security document, subordination provisions or security interest; and a change of control (the definition of which is to be agreed but which will include, without limitation, a change of control under the
definitive documentation governing the Interim Loan Facility (the “Interim Loan Agreement”)).
			
		 	Voting	  	Amendments and waivers with respect to the Credit Documentation will require the approval of Senior Lenders holding not less than a majority of the aggregate amount of the Senior Term Loans,
Revolving Credit Loans (including participations in Letters of Credit and Swing Line Loans) and unused commitments under the Credit Facilities, except (subject to customary lender replacement provisions) that (i) the consent of each Senior Lender
directly and adversely affected thereby will be required with respect to (a) reductions in the

  

 A-8 

					
		 		  	amount or extensions of the scheduled date of final maturity of any loan, (b) reductions in the rate of interest or any fee or extensions of any due date thereof, (c) increases in the
amount or extensions of the expiry date of any Senior Lender’s commitment, (d) modifications to the pro rata provisions of the Credit Documentation or (e) modifications to the assignment and participation provisions of the Credit Documentation
which further restrict assignments thereunder and (ii) the consent of 100% of the Senior Lenders will be required with respect to (a) modifications to any of the voting percentages and (b) releases of all or substantially all of the collateral or
all or substantially all of the Guarantees other than in accordance with the provisions of the Credit Documentation. In addition, the consent of Senior Lenders holding a majority of the aggregate amount of the funded and unfunded commitments under a
Credit Facility will be required with respect to certain modifications disproportionately affecting such Credit Facility.
			
		 	Assignments and Participations	  	Each Senior Lender may assign any or all of its loans and commitments to its affiliates or to one or more banks, financial institutions or other entities. Except for assignments (i) by or to the
Arrangers and their respective affiliates, (ii) to another Senior Lender or to an affiliate of a Senior Lender or (iii) of funded Senior Term Loans, assignments will require the consent of the Administrative Agent and, so long as no event of default
has occurred and is continuing, the Company (which consent in each case will not be unreasonably withheld or delayed). Non-pro rata assignments will be permitted. Partial assignments (other than to another Senior Lender or to an affiliate of a
Senior Lender), must be at least $1.0 million, in the case of the Term Loan Facilities, and $5.0 million, in the case of the Revolving Credit Facility, unless otherwise agreed by the Company and the Administrative Agent. Upon assignment, the
assignee will become a Senior Lender for all purposes under the Credit Documentation under documentation reasonably acceptable to the Administrative Agent. Promissory notes will be issued under the Credit Facilities only upon
request.
			
		 	Yield Protection	  	The Credit Documentation will contain customary provisions (i) protecting the Senior Lenders against increased costs or loss of yield resulting from changes in reserve, tax, capital adequacy and
other requirements of law and from the imposition of or changes in withholding or other taxes and (ii) indemnifying the Senior Lenders for “breakage costs” incurred in connection with, among other things, any prepayment of a LIBOR
Loan (as defined in Annex A-I) on a day other than the last day of an interest period with respect thereto.

  

 A-9 

					
		 	Expenses and Indemnification	  	The Company will pay (i) all reasonable, documented out-of-pocket expenses of the Administrative Agent, the Syndication Agent and the Arrangers associated with the syndication of the Credit
Facilities and the preparation, negotiation, execution, delivery and administration of the Credit Documentation and any amendment or waiver with respect thereto (including the reasonable documented fees, disbursements and other charges of one
counsel (and, if necessary, one local counsel per jurisdiction), and the charges of IntraLinks) and (ii) all reasonable and documented out-of-pocket expenses of the Administrative Agent and the Senior Lenders (including the reasonable documented
fees, disbursements and other charges of one counsel) in connection with the enforcement of the Credit Documentation or in any bankruptcy case or insolvency proceeding.
			
		 		  	The Administrative Agent, the Syndication Agent, the Arrangers and the Senior Lenders (and their affiliates and each of their respective officers, directors, partners, trustees, employees,
shareholders, advisors, agents, attorneys and controlling persons and each of their respective heirs, successors and assigns) will have no liability for, and will be indemnified and held harmless against, any loss, liability, cost or expense
incurred in respect of the financing contemplated hereby or the use or the proposed use of proceeds thereof (except to the extent resulting from the gross negligence, bad faith or willful misconduct of the indemnified party).
			
		 	Governing Law and Forum	  	State of New York.
			
		 	Counsel to the Administrative Agent and the Arrangers	  	Simpson Thacher & Bartlett LLP.

  

 A-10 

 Annex A-I 
 Interest and Certain Fees 
  

			
	Interest Rate Options	  	The Company may elect that the loans comprising each borrowing bear interest at a rate per annum equal to:
		
		  	(i) the Base Rate plus the Applicable Margin (“Base Rate Loans”); or
		
		  	(ii) the LIBOR Rate plus the Applicable Margin (“LIBOR Loans”);
		
		  	provided, that Swing Line Loans will always be Base Rate Loans.
		
		  	As used herein:
		
		  	“Base Rate” means the higher of (i) the prime lending rate as set forth on the British Banking Association Telerate Page 5 (the “Prime Rate”), and
(ii) the federal funds effective rate from time to time plus 0.5%.
		
		  	“Applicable Margin” means a per annum rate equal to (i) 1.50%, in the case of Base Rate Loans and (ii) 2.50%, in the case of LIBOR Loans); provided, that,
on and after delivery of the financial statements required under the Credit Documentation, the Applicable Margin in respect of the Revolving Credit Facility shall be subject to adjustment based on adjusted leverage levels to be
agreed.
		
		  	“LIBOR Rate” means the rate (adjusted for statutory reserve requirements for eurocurrency liabilities) at which eurodollar deposits for one, two, three or six months (as
selected by the Company) are offered in the interbank eurodollar market.
		
		  	No new LIBOR interest period may be selected when any event of default is continuing.
		
	Interest Payment Dates	  	For Base Rate Loans, quarterly in arrears.
		
		  	For LIBOR Loans, on the last day of each relevant interest period and, in the case of any interest period longer than three months, on each successive date three months after the first day of
such interest period.
		
	Commitment Fees	  	The Company will pay a commitment fee calculated from the Closing Date at 0.50% per annum, on the average daily unused portion of the Revolving Credit Facility payable quarterly in
arrears; provided, that, on and after delivery of the financial statements required under the Credit Documentation, the commitment fee shall be subject to adjustment based on adjusted leverage levels to be agreed. Swing Line Loans will, for
purposes of the commitment fee calculations only, not be deemed to be a utilization of the Revolving Credit Facility.

  

 A-I-1 

			
	Letter of Credit Fees	  	The Company will pay a commission on all outstanding Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to LIBOR Loans under the Revolving
Credit Facility on the face amount of each Letter of Credit. Such commission will be shared ratably among the Senior Lenders participating in the Revolving Credit Facility and will be payable quarterly in arrears.
		
		  	In addition to letter of credit commissions, a fronting fee calculated at a rate per annum to be agreed upon by the Company and the Issuing Senior Lender on the face amount of each Letter
of Credit will be payable quarterly in arrears to the Issuing Senior Lender for its own account. In addition, customary administrative, issuance, amendment, payment and negotiation charges will be payable to the Issuing Senior Lender for its own
account.
		
	Default Rate	  	Overdue amounts (including overdue interest) will bear interest at a rate equal to 2% per annum above the rate applicable to Base Rate Loans.
		
	Rate and Fee Basis	  	All per annum rates will be calculated on the basis of a year of 360 days (or 365 or 366 days, as applicable, in the case of Base Rate Loans the interest rate payable on which is then
based on the Prime Rate) and the actual number of days elapsed.

  

 A-I-2 

 EXHIBIT B TO COMMITMENT LETTER 
 SUMMARY OF TERMS OF INTERIM LOANS 
 Set forth below is a summary of
certain of the terms of the Interim Loan Facility and the documentation related thereto. Capitalized terms used and not otherwise defined herein have the meanings set forth in the Commitment Letter to which this Summary of Terms is attached and of
which it forms a part. 
  

			
	Borrower	  	The Company.
		
	Joint Book-Runners and Joint Lead Arrangers	  	Lehman Brothers and Bear Stearns.
		
	Administrative Agent.	  	LCPI.
		
	Syndication Agent.	  	BSCL.
		
	Loans	  	$1,250 million (less the principal amount of the Existing Public Debt that remains outstanding after the Closing Date and accrued interest and tender premiums allocable thereto) in aggregate
principal amount of senior subordinated increasing rate loans due 2007 (the “Interim Loans”).
		
	Subordination	  	The Interim Loans and all obligations with respect thereto will be subordinated in right of payment to the payment in full of all obligations of the Company under the Credit Facilities and
certain refinancings thereof on terms satisfactory to the Lenders in their sole discretion. The Company will not be permitted to incur any indebtedness that is subordinated to any borrowings under the Credit Facilities and senior to any other
indebtedness of the Company. Nothing in the subordination provisions will prevent any holder of Interim Loans from receiving and retaining any proceeds originally received by the Company or any subsidiary of the Company that were used to repay
Interim Loans to the extent required under the “Mandatory Repayment” provision described below, and the same may be retained by such holder free and clear of any claims by holders of any debt, pursuant to these subordination provisions or
otherwise.
		
	Security	  	None.
		
	Use of Proceeds	  	The proceeds of the Interim Loans will be used to finance, in part, the Acquisition (including related fees and expenses (including severance costs)), to refinance certain existing indebtedness
of the Acquired Business and the Company, and for general corporate purposes of the Company and its subsidiaries, including without limitation to finance capital expenditures, asset purchases, other investments.

  

 B-1 

			
	Maturity	  	365 days from the date of initial funding (the “Maturity Date”).
		
	Funding Date	  	The Closing Date.
		
	Mandatory Rollover	  	If (i) the Interim Loans are not repaid in full on or prior to the Maturity Date and (ii) the conditions precedent set forth in Exhibit C to the Commitment Letter are satisfied, then the Interim
Loans will be automatically extended on the Maturity Date into Extended Term Loans due on the ninth anniversary of the Maturity Date of the Company (the “Extended Term Loans”) in an aggregate principal amount equal to the
aggregate principal amount of Interim Loans so extended. The Extended Term Loans will have the terms set forth in Exhibit C to the Commitment Letter. Under certain circumstances, Extended Term Loans may be exchanged by the holders thereof for
Exchange Notes (the “Exchange Notes”). The Exchange Notes will have the terms set forth in Exhibit C to the Commitment Letter. The Exchange Notes will be issued, undated, on the Closing Date and placed in an escrow account
and held by a mutually agreeable fiduciary pending such exchange.
		
	Interest	  	The Interim Loans will bear interest at a variable per annum rate equal to the sum of (a) a base rate to be selected by the Company on the date of funding equal to either (i) the one-,
three- or six- month London Interbank Offered Rate, reset monthly or quarterly, as the case may be (the “LIBOR Rate”), calculated on the basis of the actual number of days elapsed in a year of 360 days, or (ii) the Base Rate
(as defined in the Credit Facilities Term Sheet), plus (b) a spread (the “Spread”) equal to (i) 450 basis points in case of the LIBOR Rate or (ii) 350 basis points in case of the Base Rate. The Spread will increase by 75
basis points upon the 180 day anniversary of the date of funding of the Interim Loans and 50 basis points each 90 day anniversary thereafter. The interest rate on the Interim Loans will not at any time exceed 11.0% per annum. Interest will be
payable quarterly, in arrears, on the Maturity Date and on the date of any prepayment of the Interim Loans. Notwithstanding the limitations set forth in this paragraph, overdue amounts (including overdue interest) will bear interest at a rate equal
to 2% above the rate otherwise applicable thereto. For Interim Loans outstanding after the Maturity Date, interest will be payable on demand at the default rate.
		
	Guarantees	  	The Interim Loans will be guaranteed on a senior subordinated basis by each affiliate of the Company that

  

 B-2 

			
		  	guarantees all or a portion of the indebtedness under the Credit Facilities (the “Guarantors”). A subsidiary’s guarantee will be released upon the sale of such
subsidiary, subject to use of the proceeds therefrom to repay Interim Loans and/or borrowings to the extent required under the Credit Facilities.
		
	Mandatory Repayment	  	The Company will repay Interim Loans with the net cash proceeds from (i) any direct or indirect public offering or private placement of debt securities of the Company or any of the
Company’s subsidiaries or any equity securities of the Company, (ii) the incurrence of any other indebtedness by the Company or any subsidiary of the Company (other than borrowings under the Credit Facilities and certain permitted indebtedness
as in effect on the Closing Date) and (iii) any future issuance or sale of stock of subsidiaries or sales of assets (subject to reinvestment rights and customary ordinary course exceptions) by the Company or any subsidiary of the Company, subject,
in the case of clauses (i) (in the case of equity securities only), (ii) and (iii) only, to the prior repayment of any amount outstanding under the Credit Facilities and required to be prepaid with the proceeds thereof, in each case at 100% of the
principal amount of the Interim Loans repaid, plus all accrued and unpaid interest and fees to the date of the repayment.
		
	Optional Repayment	  	The Interim Loans may be repaid, in whole or in part on a pro rata basis, at the option of the Company at any time upon three business days’ prior written notice at a price equal to 100%
of the principal amount thereof, plus all accrued and unpaid interest and fees to the date of repayment.
		
	Payments	  	Payments by the Company will be made by wire transfer of immediately available funds.
		
	Transferability	  	With the consent of the Administrative Agent (which consent will not be unreasonably withheld or delayed), each of the Interim Lenders will be free to sell or transfer all or any part of its
Interim Loans to any third party and to pledge any or all of the Interim Loans to any commercial bank or other institutional lender. Participations will not require the consent of the Company or the Administrative Agent; provided, that prior to 180
days after the Closing Date, (i) any such sale or transfer shall be consummated in consultation with the Company and (ii) the Initial Lenders shall continue to hold, pro rata based on their respective initial Commitments, at least 51% of the
aggregate principal amount of Interim Loans (it being understood that the foregoing shall not limit the ability of the Initial Lenders to sell participations in their Interim Loans).

  

 B-3 

			
	Amendments	  	Modifications to the terms of the Interim Loan Agreement may be made with the consent of the holders of a majority in aggregate principal amount of the Interim Loans then outstanding, except
that (subject to customary lender replacement provisions) without the consent of each holder of Interim Loans affected thereby, no modification or change may (i) extend the maturity of or time of payment of interest on any Interim Loans, (ii) reduce
the rate of interest or the principal amount of any Interim Loans, (iii) alter the repayment provisions of the Interim Loans, (iv) change the subordination provisions in a manner that would adversely affect the holders of the Interim Loans or (v)
reduce the percentage of holders necessary to modify or change the Interim Loans.
		
	Yield Protection	  	The Interim Loan Agreement will contain customary provisions (i) protecting the Interim Lenders against increased costs of loss of yield resulting from changes in reserve, tax, capital adequacy
and other requirements of law and from the imposition of or changes in witholding and other taxes and (ii) indemnifying the Interim Lenders for “breakage costs” incurred in connection with, among other things, any repayment of the Interim
Loans on a day other than the last day of an interest period.
		
	Representations and Warranties	  	The Interim Loan Agreement will contain such representations and warranties of the Company and the Guarantors as are customary for financings of this kind (based on the representations and
warranties contained in the Credit Documentation).
		
	Covenants	  	The Interim Loan Agreement will contain such covenants of the Company and the Guarantors as are customary for financings of this kind (based on covenants as are customary for an indenture
governing a high yield senior subordinated note issue (but with baskets and exceptions more restrictive in certain respects, as determined by the Arrangers to be consistent with financings of this type)).
		
	Conditions Precedent	  	The obligation of each of the Interim Lenders to provide or cause one of its affiliates to provide the Interim Loans will be subject to (i) the conditions set forth on Exhibit D to the
Commitment Letter, (ii) the accuracy in all material respects (except to the extent otherwise qualified by materiality or similar qualification) of all representations and warranties in the Interim Loan Agreement (including, without limitation, the
material adverse change (which as of the Closing Date shall be defined in a manner consistent with the Commitment Letter and thereafter as mutually agreed by the parties) and litigation representations) and (iii) there being no default or event of
default in existence at the time of, or after giving effect to the making of, the Interim Loans; provided that, the

  

 B-4 

			
		  	only representations and warranties relating to the Acquired Business and its businesses the making of which shall be a condition to availability of the Interim Loans on the Closing Date shall
be the representations made by the Acquired Business in the Merger Agreement.
		
	Events of Default; Remedies	  	The Interim Loan Agreement will contain such events of default as are customary for financings of this kind, including, without limitation, a change of control (the definition of which is to be
agreed), based on events of default as are customary for an indenture governing a high yield senior subordinated note issue (but more restrictive in certain respects, as determined by the Arrangers to be consistent with financings of this
type).
		
	Governing Law	  	State of New York.
		
	Counsel to the Administrative Agent and the Arrangers	  	  
 Simpson Thacher & Bartlett LLP.

  

 B-5 

 EXHIBIT C TO COMMITMENT LETTER 
 SUMMARY OF TERMS OF EXTENDED TERM LOANS AND EXCHANGE NOTES 
 Capitalized terms used but not defined herein have the meanings assigned to them in the Commitment Letter to which this Exhibit C is attached. 
  

			
	Borrower/Issuer	  	The Company.
		
	Extended Term Loans	  	On the Maturity Date, subject to satisfaction of the conditions set forth below, the outstanding Interim Loans will be automatically extended into Extended Term Loans. The Extended Term Loans
will be governed by the provisions of the Interim Loan Agreement and, except as expressly set forth below, will have the same terms as the Interim Loans.
		
	Exchange Notes	  	At any time on or after the Maturity Date, a holder of Extended Term Loans may exchange all or a portion (in a minimum increment of $500,000) of the Extended Term Loans to be exchanged for
Exchange Notes having a principal amount equal to the principal amount of the Extended Term Loan for which it is exchanged and having a fixed interest rate equal to the interest rate on the Extended Term Loan at the time of exchange provided
that the Company may defer the first issuance of Exchange Notes until such time as the Company has received requests to issue an aggregate of at least $25,000,000 in principal amount of Exchange Notes. The Exchange Notes and the Extended Term Loans
will rank pari passu with each other.
		
		  	The Company will issue Exchange Notes under an indenture that complies with the Trust Indenture Act of 1939, as amended (the “Indenture”). The Company will appoint a
trustee reasonably acceptable to the Arrangers. The Exchange Notes and the Indenture will be fully executed and deposited into escrow on the Closing Date.
		
	Maturity	  	The Extended Term Loans and the Exchange Notes will mature on the ninth anniversary of the Maturity Date (the “Final Maturity Date”).
		
	Conditions Precedent	  	The obligation of each of the Interim Lenders to extend the Interim Loans to Extended Term Loans will be subject to the absence of a bankruptcy or other insolvency proceeding of the Company or
any of its subsidiaries (other than Immaterial Subsidiaries) or a payment default in respect of the Interim Loan Facility or the Credit Facilities.
		
	Interest Rate	  	The Extended Term Loans will bear interest at an increasing rate equal to the Initial Rollover Rate plus the Rollover Spread (as defined below); provided that the interest rate in effect at any
time shall not exceed 11.0%.

  

 C-1 

			
		  	“Initial Rollover Rate” shall be determined as of the Maturity Date of the Interim Loans and shall equal the interest rate borne by the Interim Loans on the day immediately
preceding the Maturity Date.
		
		  	“Rollover Spread” shall be 50 basis points during the three-month period commencing on the Maturity Date. The Rollover Spread shall increase by 50 basis points upon each
three-month anniversary thereafter.
		
		  	Interest will accrue on any overdue amount (whether interest or principal, including defaulted interest), to the extent lawful, at a rate per annum equal to 200 basis points over the then
current interest rate, until such amount (plus all accrued and unpaid interest) is paid in full.
		
		  	Interest on the Extended Term Loans will be payable quarterly in arrears on the first business day of each fiscal quarter of the Company, on the Maturity Date of the Extended Term Loans and on
the date of any prepayment thereof.
		
		  	Interest on the Exchange Notes will be payable semi-annually in arrears on the first business day of each first and third fiscal quarter of the Company, on the Maturity Date of the Exchange
Notes and on the date of any prepayment thereof.
		
	Subordination	  	Same as Interim Loans.
		
	Guarantees	  	Same as Interim Loans.
		
	Mandatory Repayment	  	Same as Interim Loans in the case of Extended Term Loans and in the case of the Exchange Notes, only if so provided therein.
		
	Change of Control	  	Same as Interim Loans in the case of Extended Term Loans.
		
		  	Each holder of Exchange Notes will be entitled to require the Company, and the Company must offer, to repurchase the Exchange Notes held by such holder at a price of 101% of the principal amount
thereof, plus all accrued and unpaid interest and fees to the date of repurchase, upon the occurrence of a Change of Control (as defined in the Interim Loan Agreement).
		
	Optional Repayment	  	Except as set forth below, the Extended Term Loans may be repaid or redeemed, in whole or in part, at the option of the Company at any time upon three business days’ prior written notice at
a price equal to 100% of the principal amount thereof, plus all accrued and unpaid interest and fees to the date of repayment.

  

 C-2 

			
		  	The Exchange Notes will be redeemable during the first four years from the Maturity Date at any time, in whole or in part, at the option of the Company, subject to a redemption price equal to
the sum of (i) 100% of the principal amount of the Exchange Notes and (ii) a make-whole premium calculated using a rate of treasuries plus 50 basis points.
		
		  	The Exchange Notes will be redeemable at any time, in whole or in part, at the option of the Company, after the fourth anniversary of the Maturity Date, at redemption prices equal to par plus
accrued interest plus a premium equal to half the coupon on such Exchange Notes, which premium will decline ratably on each subsequent yearly anniversary of the funding of the Interim Loans to zero on the date that is two years prior to the maturity
of the Exchange Notes.
		
		  	In addition, on or prior to the third anniversary of the Closing Date, up to 35% of the original principal amount of the Exchange Notes may be redeemed from the proceeds of a qualifying equity
offering by the Company at a redemption price equal to par plus the coupon and accrued interest.
		
	Yield Protection	  	Same as Interim Loans.
		
	Payments	  	Same as Interim Loans.
		
	Covenants	  	Same as Interim Loans, in the case of the Extended Term Loans. The Exchange Notes will have such covenants as are customary for an indenture governing a high yield senior subordinated note issue
(but with baskets and exceptions more restrictive in certain respects, as determined by the Arrangers to be consistent with financings of this type).
		
	Events of Default	  	Same as Interim Loans, in the case of the Extended Term Loans. The Exchange Notes will have such events of default as are customary for an indenture governing a high yield senior subordinated
note issue (but more restrictive in certain respects, as determined by the Arrangers to be consistent with financings of this type).
		
	Transferability	  	Unlimited except as otherwise provided by law.
		
	Defeasance Provisions	  	None with respect to Extended Term Loans. The Exchange Notes will have defeasance provisions customary for high yield securities.
		
	Amendments	  	Same as Interim Loans.

  

 C-3 

			
	Registration Rights	  	Within 90 days after the first issuance of any Exchange Notes, the Company will be required to file a shelf registration statement with respect to the Exchange Notes (a “Shelf
Registration Statement”). The Company and the Guarantors, jointly and severally, will pay liquidated damages in the form of increased interest of 50 basis points on the principal amount of Exchange Notes outstanding to holders of
Exchange Notes (i) if the Shelf Registration Statement is not filed within 90 days of the Maturity Date (as provided above) or is not declared effective by the SEC within 180 days of the Maturity Date, until such Shelf Registration Statement is
filed or declared effective (as applicable), and (ii) during any period of time (subject to customary exceptions) following the effectiveness of the Shelf Registration Statement that such Shelf Registration Statement is not available for sales
thereunder. After 12 weeks, the liquidated damages will increase by 50 basis points, and will increase by 50 basis points for each 12-week period thereafter to a maximum increase in interest of 200 basis points. The Company will be required to
effect an “A/B” exchange offer to all holders of Exchange Notes within 180 days of the issuance of the Exchange Notes if the holders of a majority in principal amount of the Exchange Notes then outstanding so request. The Company may
choose to effect one or more “A/B” exchange offers in respect of Exchange Notes either prior to or after they have been included in the Shelf Registration Statement. Once any particular Exchange Notes have been exchanged in an
“A/B” exchange offer, the Company shall have no further obligation to include such Exchange Notes in the Shelf Registration Statement.

  

 C-4 

 EXHIBIT D TO COMMITMENT LETTER 
 FUNDING CONDITIONS 
 Capitalized terms used but not defined herein have the meanings
assigned to them in the Commitment Letter to which this Exhibit D is attached and of which it forms a part. The availability of the Credit Facilities and Interim Loan Facility is conditioned upon satisfaction of the conditions precedent summarized
below. 
  

	(a)	Each Credit Party shall have executed and delivered customary definitive financing documentation with respect to the Interim Loan Facility and the Credit Facilities reasonably
satisfactory to the Administrative Agent, the Arrangers and their counsel reflecting the terms of this Commitment Letter. Notwithstanding anything to the contrary, the terms of the documentation shall be such that they do not impair the availability
of the Credit Facilities or the Interim Loan Facility on the Closing Date if the conditions set forth herein are satisfied. 

  

	(b)	There shall not exist (pro forma for the Acquisition and the financing thereof) any default or event of default under the Credit Facilities or the Interim Loan Agreement.

  

	(c)	The Acquisition shall have been consummated pursuant to the Merger Agreement and other customary documentation reasonably satisfactory to the Arrangers (it being understood that the
Merger Agreement in the form dated as of March 13, 2006 is satisfactory to the Arrangers), and no provision thereof shall have been waived, amended, supplemented or otherwise modified in a manner that is material and adverse to the interests of
the Lenders without the consent of the Arrangers. No stockholder rights plan or other “poison pill” of the Acquired Business shall become exercisable in connection with the Acquisition. 

  

	(d)	The Company shall have complied with all of its material obligations under and agreements in the Commitment Letter, the Engagement Letter and the Fee Letter.

  

	(e)	A majority of each issue of Existing Public Debt shall have accepted a tender and exit consent offer (the “Tender Offer”) made on terms reasonably
satisfactory to the Arrangers, or all of each issue of Existing Public Debt has been redeemed or covenant defeased. The Tender Offer, redemption or defeasance, as the case may be, shall have settled or become effective, as the case may be,
contemporaneous with the Closing Date. 

  

	(f)	Each of the conditions set forth in Sections 6.01(a), (b) and (c) of the Merger Agreement (in the form referred to in paragraph (c) above) shall have been and shall
remain satisfied. 

  

	(g)	At least 30 days prior to the Closing Date, the Arrangers shall have received audited, in the case of the fiscal year-end, and unaudited, in the case of interim (which shall have
been reviewed by the independent accountants for the Company or the Acquired Business, as the case may be, as provided in Statement on Auditing Standards No. 100) annual and quarterly consolidated financial statements of the Company and the
Acquired Business and all other completed or probable acquisitions (including pro forma financial statements) meeting the requirements of Regulation S-X for a Form S-3 registration statement under the Securities Act of 1933, as amended.

  

	(h)	Each of the Facilities (other than the Incremental Term Loan Facility) shall have been rated by Moody’s and S&P. 

  

 D-1 

	(i)	The Arrangers shall have received the results of recent lien searches with respect to the Company and the Acquired Business, and such searches shall not reveal any liens other than
liens permitted by the Credit Documentation (which permitted liens shall be no more restrictive than those in the Existing Credit Agreement) or liens to be discharged substantially concurrently with the closing of the Credit Facilities pursuant to
documentation satisfactory to the Arrangers. 

  

	(j)	To the extent contemplated in Exhibit A to the Commitment Letter, all documents and instruments required to perfect the first priority security interest in the collateral under the
Credit Facilities (including delivery of stock certificates and undated stock powers executed in blank) shall have been executed and be in proper form for filing, and, in connection with the real estate collateral, the Administrative Agent shall
have received satisfactory title insurance policies (each with exceptions for matters listed on Schedule B of the title policies issued in connection with the Existing Credit Agreement), surveys and other customary documentation to the extent
reasonably requested by it. 

  

	(k)	The Arrangers shall be satisfied that the Company shall have used all commercially reasonable efforts to take such steps as may be reasonably requested by the Arrangers to cause the
Notes to be issued and sold prior to the Closing Date, which efforts will include, without limitation, the preparation of a preliminary prospectus or preliminary offering memorandum or preliminary private placement memorandum suitable for use in a
customary “high-yield road show” not less than 30 days prior to the Closing Date and the participation of senior management and representatives of the Company and, to the extent practicable, the Acquired Business in the road show and the
other matters contemplated by the Fee Letter and the Engagement Letter. 

  

	(l)	The Lenders shall have received a customary solvency certificate from the Company’s chief financial officer as to the solvency of the Credit Parties, taken as a whole, and such
customary legal opinions from counsel to the Company (including, where appropriate, local counsel) as the Arrangers may reasonably request. 

  

 D-2Form of Indenture for Senior Debt Securities

 Exhibit 4.6 
 GOLD KIST INC., 
 as Issuer 
 and 
 U.S. BANK NATIONAL ASSOCIATION, 
 as Trustee 
  

 SENIOR INDENTURE 
 Dated as of
[                    ] 
  

 TABLE OF CONTENTS 
  

					
	 	 	 	 	Page
	ARTICLE I
	DEFINITIONS AND INCORPORATION BY REFERENCE
			
	 SECTION 1.1.
	 	DEFINITIONS.	 	1
	 SECTION 1.2.
	 	INCORPORATION BY REFERENCE OF TIA.	 	7
	 SECTION 1.3.
	 	RULES OF CONSTRUCTION.	 	8
	
	ARTICLE II
	SECURITY FORMS
			
	 SECTION 2.1.
	 	FORMS GENERALLY	 	8
	 SECTION 2.2.
	 	FORM OF SECURITIES	 	9
	 SECTION 2.3.
	 	GLOBAL SECURITIES	 	9
	 SECTION 2.4.
	 	FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION	 	10
	
	ARTICLE III
	THE SECURITIES
			
	 SECTION 3.1.
	 	AMOUNT UNLIMITED; ISSUABLE IN SERIES	 	10
	 SECTION 3.2.
	 	DENOMINATIONS	 	13
	 SECTION 3.3.
	 	EXECUTION, AUTHENTICATION, DELIVERY AND DATING	 	13
	 SECTION 3.4.
	 	TEMPORARY SECURITIES	 	15
	 SECTION 3.5.
	 	HOLDER LISTS.	 	15
	 SECTION 3.6.
	 	REGISTRAR, PAYING AGENT AND DEPOSITARY.	 	15
	 SECTION 3.7.
	 	REGISTRATION OF TRANSFER AND EXCHANGE	 	16
	 SECTION 3.8.
	 	MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES	 	17
	 SECTION 3.9.
	 	PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED	 	18
	 SECTION 3.10.
	 	PAYING AGENT TO HOLD MONEY IN TRUST	 	20
	 SECTION 3.11.
	 	PERSONS DEEMED OWNERS	 	20
	 SECTION 3.12.
	 	CANCELLATION	 	20
	 SECTION 3.13.
	 	COMPUTATION OF INTEREST; USURY	 	20
	 SECTION 3.14.
	 	CUSIP NUMBERS	 	21
	
	ARTICLE IV
	REDEMPTION
			
	 SECTION 4.1.
	 	APPLICABILITY OF ARTICLE	 	21
	 SECTION 4.2.
	 	ELECTION TO REDEEM; NOTICE TO TRUSTEE	 	22
	 SECTION 4.3.
	 	SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED	 	22
	 SECTION 4.4.
	 	NOTICE OF REDEMPTION	 	23
	 SECTION 4.5.
	 	DEPOSIT OF REDEMPTION PRICE	 	24
	 SECTION 4.6.
	 	SECURITIES PAYABLE ON REDEMPTION DATE	 	24
	 SECTION 4.7.
	 	SECURITIES REDEEMED IN PART	 	24

  

 i 

					
	ARTICLE V
	SINKING FUNDS
			
	 SECTION 5.1.
	 	APPLICABILITY OF ARTICLE	 	25
	 SECTION 5.2.
	 	SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES	 	25
	 SECTION 5.3.
	 	REDEMPTION OF SECURITIES FOR SINKING FUND	 	25
	
	ARTICLE VI
	COVENANTS
			
	 SECTION 6.1.
	 	PAYMENT OF SECURITIES.	 	26
	 SECTION 6.2.
	 	MAINTENANCE OF OFFICE OR AGENCY.	 	26
	 SECTION 6.3.
	 	CORPORATE EXISTENCE.	 	27
	 SECTION 6.4.
	 	PAYMENT OF TAXES AND OTHER CLAIMS.	 	27
	 SECTION 6.5.
	 	MAINTENANCE OF PROPERTIES.	 	27
	 SECTION 6.6.
	 	COMPLIANCE CERTIFICATE; NOTICE OF DEFAULT.	 	28
	 SECTION 6.7.
	 	REPORTS.	 	28
	 SECTION 6.8.
	 	WAIVER OF STAY, EXTENSION OR USURY LAWS.	 	28
	
	ARTICLE VII
	SUCCESSOR CORPORATION
			
	 SECTION 7.1.
	 	LIMITATION ON MERGER, SALE OR CONSOLIDATION.	 	29
	 SECTION 7.2.
	 	SUCCESSOR CORPORATION SUBSTITUTED.	 	29
	
	ARTICLE VIII
	EVENTS OF DEFAULT AND REMEDIES
			
	 SECTION 8.1.
	 	EVENTS OF DEFAULT.	 	30
	 SECTION 8.2.
	 	ACCELERATION OF MATURITY DATE; RESCISSION AND ANNULMENT.	 	31
	 SECTION 8.3.
	 	COLLECTION OF DEBT AND SUITS FOR ENFORCEMENT BY TRUSTEE.	 	32
	 SECTION 8.4.
	 	TRUSTEE MAY FILE PROOFS OF CLAIM.	 	32
	 SECTION 8.5.
	 	TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES.	 	33
	 SECTION 8.6.
	 	PRIORITIES.	 	33
	 SECTION 8.7.
	 	LIMITATION ON SUITS.	 	34
	 SECTION 8.8.
	 	UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, PREMIUM AND INTEREST.	 	35
	 SECTION 8.9.
	 	RIGHTS AND REMEDIES CUMULATIVE.	 	35
	 SECTION 8.10.
	 	DELAY OR OMISSION NOT WAIVER.	 	35
	 SECTION 8.11.
	 	CONTROL BY HOLDERS.	 	35
	 SECTION 8.12.
	 	WAIVER OF EXISTING OR PAST DEFAULT.	 	36
	 SECTION 8.13.
	 	UNDERTAKING FOR COSTS.	 	36
	 SECTION 8.14.
	 	RESTORATION OF RIGHTS AND REMEDIES.	 	37

  

 ii 

					
	ARTICLE IX
	TRUSTEE
			
	 SECTION 9.1.
	 	DUTIES OF TRUSTEE.	 	37
	 SECTION 9.2.
	 	RIGHTS OF TRUSTEE.	 	38
	 SECTION 9.3.
	 	INDIVIDUAL RIGHTS OF TRUSTEE.	 	39
	 SECTION 9.4.
	 	TRUSTEE’S DISCLAIMER.	 	40
	 SECTION 9.5.
	 	NOTICE OF DEFAULT.	 	40
	 SECTION 9.6.
	 	REPORTS BY TRUSTEE TO HOLDERS.	 	40
	 SECTION 9.7.
	 	COMPENSATION AND INDEMNITY.	 	40
	 SECTION 9.8.
	 	REPLACEMENT OF TRUSTEE.	 	41
	 SECTION 9.9.
	 	SUCCESSOR TRUSTEE BY MERGER, ETC.	 	42
	 SECTION 9.10.
	 	ELIGIBILITY; DISQUALIFICATION.	 	42
	 SECTION 9.11.
	 	PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY.	 	42
	
	ARTICLE X
	LEGAL DEFEASANCE AND COVENANT DEFEASANCE
			
	 SECTION 10.1.
	 	OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE.	 	43
	 SECTION 10.2.
	 	LEGAL DEFEASANCE AND DISCHARGE.	 	43
	 SECTION 10.3.
	 	COVENANT DEFEASANCE.	 	43
	 SECTION 10.4.
	 	CONDITIONS TO LEGAL OR COVENANT DEFEASANCE.	 	44
	 SECTION 10.5.
	 	DEPOSITED CASH AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS.	 	45
	 SECTION 10.6.
	 	REPAYMENT TO THE COMPANY.	 	45
	 SECTION 10.7.
	 	REINSTATEMENT.	 	46
	
	ARTICLE XI
	AMENDMENTS, SUPPLEMENTS AND WAIVERS
			
	 SECTION 11.1.
	 	SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS.	 	46
	 SECTION 11.2.
	 	AMENDMENTS, SUPPLEMENTAL INDENTURES AND WAIVERS WITH CONSENT OF HOLDERS.	 	48
	 SECTION 11.3.
	 	COMPLIANCE WITH TIA.	 	49
	 SECTION 11.4.
	 	REVOCATION AND EFFECT OF CONSENTS.	 	49
	 SECTION 11.5.
	 	NOTATION ON OR EXCHANGE OF SECURITIES.	 	50
	 SECTION 11.6.
	 	TRUSTEE TO SIGN AMENDMENTS, ETC.	 	50
	
	ARTICLE XII
	SATISFACTION AND DISCHARGE
			
	 SECTION 12.1.
	 	SATISFACTION AND DISCHARGE OF INDENTURE.	 	51
	 SECTION 12.2.
	 	APPLICATION OF TRUST FUNDS.	 	52

  

 iii 

					
	ARTICLE XIII
	MISCELLANEOUS
			
	 SECTION 13.1.
	 	TIA CONTROLS.	 	52
	 SECTION 13.2.
	 	FORM OF DOCUMENTS DELIVERED TO TRUSTEE	 	52
	 SECTION 13.3.
	 	ACTS OF HOLDERS; RECORD DATES	 	53
	 SECTION 13.4.
	 	NOTICES	 	55
	 SECTION 13.5.
	 	COMMUNICATIONS BY HOLDERS WITH OTHER HOLDERS.	 	56
	 SECTION 13.6.
	 	CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT.	 	56
	 SECTION 13.7.
	 	STATEMENTS REQUIRED IN CERTIFICATE OR OPINION.	 	56
	 SECTION 13.8.
	 	RULES BY TRUSTEE, PAYING AGENT, REGISTRAR.	 	57
	 SECTION 13.9.
	 	LEGAL HOLIDAYS.	 	57
	 SECTION 13.10.
	 	GOVERNING LAW.	 	57
	 SECTION 13.11.
	 	NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS.	 	58
	 SECTION 13.12.
	 	NO RECOURSE AGAINST OTHERS.	 	58
	 SECTION 13.13.
	 	BENEFITS OF INDENTURE.	 	58
	 SECTION 13.14.
	 	SUCCESSORS.	 	58
	 SECTION 13.15.
	 	DUPLICATE ORIGINALS.	 	58
	 SECTION 13.16.
	 	SEVERABILITY.	 	58
	 SECTION 13.17.
	 	TABLE OF CONTENTS, HEADINGS, ETC.	 	59

  

 iv 

 CROSS-REFERENCE TABLE 
  

			
	 TIA
 Section
	 	 Indenture
 Section

	 310(a)(1)
	 	9.10
	       (a)(2)
	 	9.10
	       (a)(3)
	 	N.A.
	       (a)(4)
	 	N.A.
	       (a)(5)
	 	9.10
	       (b)
	 	9.10
	       (c)
	 	N.A.
		
	 311(a)
	 	9.11
	       (b)
	 	9.11
	       (c)
	 	N.A.
		
	 312(a)
	 	3.5
	       (b)
	 	13.5
	       (c)
	 	13.5
		
	 313(a)
	 	9.6
	       (b)
	 	9.6
	       (c)
	 	9.6
	       (d)
	 	9.6
		
	 314(a)
	 	6.6(a), 6.7
	       (b)(1)
	 	N.A.
	       (b)(2)
	 	N.A.
	       (c)(1)
	 	13.6
	       (c)(2)
	 	13.6
	       (c)(3)
	 	N.A.
	       (d)
	 	N.A.
	       (e)
	 	12.7
	       (f)
	 	N.A.
		
	 315(a)
	 	9.1
	       (b)
	 	9.5
	       (c)
	 	9.1
	       (d)
	 	9.1
	       (e)
	 	8.13
		
	 316(a)(last sentence)
	 	1.1
	       (a)(1)(A)
	 	8.11
	       (a)(1)(B)
	 	8.12
	       (a)(2)
	 	8.12
	       (b)
	 	8.8
	       (c)
	 	13.3

  

 v 

			
	 TIA
 Section
	 	 Indenture
 Section

	 317(a)(1)
	 	8.3
	       (a)(2)
	 	8.4
	       (b)
	 	3.10
		
	 318(a)
	 	13.1
	       (b)
	 	N.A.
	       (c)
	 	13.1

 N.A. means Not
Applicable 
 Note: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of this Indenture.

  

 vi 

 INDENTURE, dated as of
[                    ] by and between Gold Kist Inc., a Delaware corporation (the “Company”), and U.S. Bank National
Association, as trustee (the “Trustee”). 
 The Company has duly authorized the execution and delivery of this Indenture to
provide for the issuance from time to time of its unsecured debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as in this Indenture provided. 
 All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually agreed, for the equal and proportionate benefit of all Holders of the Securities or of series thereof, as follows:

 ARTICLE I 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.1. DEFINITIONS. 
 “Acceleration Notice” shall have the meaning specified in Section 8.2. 
 “Act”, when used with respect to any Holder, has the meaning specified in Section 13.3. 
 “Affiliate” means any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the
Company. For purposes of this definition, the term “control” means the power to direct the management and policies of a Person, directly or through one or more intermediaries, whether through the ownership of voting securities, by
contract, or otherwise; provided, that with respect to ownership interest in the Company and its Subsidiaries, a Beneficial Owner of 10% or more of the total voting power normally entitled to vote in the election of directors, managers or
trustees, as applicable, shall for such purposes be deemed to constitute control. 
 “Agent” means any Registrar, Paying
Agent or co-Registrar. 
 “Applicable Procedures” of a Depositary means, with respect to any matter at any time, the
policies and procedures of such Depositary, if any, that are applicable to such matter at such time. 
 “Bankruptcy Law”
means Title 11, U.S. Code, or any similar Federal, state or foreign law for the relief of debtors. 

 “Beneficial Owner” or “beneficial owner” for purposes of the definition
of Affiliate has the meaning attributed to it in Rules 13d-3 and 13d-5 under the Exchange Act, whether or not applicable. 
 “Board
of Directors” means either the board of directors of the Company or any duly authorized committee of that board. 
 “Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and
delivered to the Trustee. 
 “Business Day”, when used with respect to any Place of Payment, means each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment are authorized or obligated by law or executive order to close; provided that, when used with respect to any Security, “Business
Day” may have such other meaning, if any, as may be specified for such Security as contemplated by Section 3.1. 
 “Cash” or “cash” means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public or private debts. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Company” means the party named as such in this Indenture until a successor replaces it pursuant to this Indenture, and thereafter means
such successor. 
 “Company Request” or “Company Order” means a written request or order signed in the name
of the Company by an Officer and delivered to the Trustee from time to time. 
 “Consolidated Subsidiary” means a Subsidiary
of the Company whose financial statements are consolidated with those of the Company in accordance with GAAP. 
 “Corporate Trust
Office” means the principal office of the Trustee at which at any time its corporate trust business shall be administered, which office at the date hereof is located at 1360 Peachtree Street NE, Suite 1105, Atlanta, GA 30309, Attention: J.
David Dever, Vice President, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as a successor
Trustee may designate from time to time by notice to the Holders and the Company), in either case which shall be located in the Borough of Manhattan, The City of New York. 
 “Covenant Defeasance” shall have the meaning specified in Section 10.3. 
 “Custodian” means any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law. 
 “Debt” means, at any time, all obligations of the Company and each Consolidated Subsidiary, to the extent such obligations would appear
as a liability upon the consolidated balance sheet of the Company and the Consolidated Subsidiaries, in accordance with GAAP, (1)
  

 2 

 for borrowed money, (2) evidenced by bonds, debentures, notes or other similar instruments, and (3) in respect
of any letters of credit supporting any Debt of others, and all guarantees by the Company or any Consolidated Subsidiary of Debt or others. 
 “Default” means any event that is or with the passage of time or the giving of notice or both would be an Event of Default. 
 “Defaulted Interest” shall have the meaning specified in Section 3.9. 
 “Depositary” means, with respect to Securities of any series issuable in whole or in the form of one or more Global Securities, a clearing agency registered under the Exchange Act that is designated to act as the Depositary
for such Securities as contemplated by Section 3.1, until a successor shall have been appointed and become such pursuant to the applicable provision of this Indenture, and, thereafter, “Depositary” shall mean or include such
successor. 
 “Event of Default” shall have the meaning specified in Section 8.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder.

 “Expiration Date” has the meaning specified in Section 13.3. 
 “GAAP” means United States generally accepted accounting principles as set forth in (1) the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants, (2) statements and pronouncements of the Financial Accounting Standards Board, (3) such other statements by such other entity as approved by a
significant segment of the accounting profession in the United States and (4) the rules and regulations of the SEC governing the inclusion of financial statements (including pro forma financial statements) in periodic reports required to be
filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in staff accounting bulletins and similar written statements from the accounting staff of the SEC. All ratios and computations based on GAAP contained in
this Indenture shall be computed in conformity with GAAP. 
 “Global Security” means a Security that evidences all or part
of the Securities of any series and bears the legend set forth in Section 2.3 (or such legend as may be specified as contemplated by Section 3.1 for such Securities). 
 “Holder” means a Person in whose name a Security is registered in the Security Register. 
 “Indenture” means this instrument as originally executed and as it may from time to time be supplemented or amended by one or more
Supplemental Indentures, including, for all purposes of this instrument and any such Supplemental Indenture, the provisions of the TIA that are deemed to be a part of and govern this instrument and any such Supplemental Indenture, respectively. The
term “Indenture” shall also include the terms of particular series of Securities established as contemplated by Section 3.1. 
  

 3 

 “interest”, when used with respect to an Original Issue Discount Security which by its
terms bears interest only after Maturity, means interest payable after Maturity. 
 “Interest Payment Date”, when used with
respect to any Security, means the stated due date of an installment of interest on such Security. 
 “Legal Defeasance”
shall have the meaning specified in Section 10.2. 
 “Lien” means any mortgage, pledge, hypothecation, encumbrance,
security interest, statutory or other lien, or preference, priority or other security or similar agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement having
substantially the same economic effect as any of the foregoing). 
 “Maximum Interest Rate” shall have the meaning specified
in Section 3.13. 
 “Maturity”, when used with respect to any Security, means the date on which the principal of such
Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Officer” means the Chief Executive Officer, the President, any Vice President, the Chief Financial Officer, the Treasurer or the
Secretary of the Company. 
 “Officers’ Certificate” means a certificate signed by two Officers or by an Officer and an
Assistant Secretary of the Company, delivered to the Trustee from time to time and otherwise complying with the requirements of Sections 13.6 and 13.7, if applicable. 
 “Opinion of Counsel” means a written opinion from legal counsel who is reasonably acceptable to the Trustee and, if applicable, complying with the requirements of Sections 13.6 and 13.7. 

“Original Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof to be due
and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 8.2. 
 “Outstanding”, when
used with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (1) Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
 (2)
Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall
act as its own Paying Agent) for the Holders of such Securities; provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee
has been made; 
  

 4 

 (3) Securities as to which Legal Defeasance has been effected pursuant to Section 10.2; 

(4) Securities which have been paid pursuant to Section 3.8 or in exchange for or in lieu of which other Securities have been authenticated and
delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in whose hands such Securities
are valid obligations of the Company; and 
 (5) Securities as to which any property deliverable upon conversion thereof has been delivered
(or such delivery has been duly provided for), or as to which any other particular conditions have been satisfied, in each case as may be provided for such Securities as contemplated in Section 3.1; 
 provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given, made or taken any request,
demand, authorization, direction, notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security which shall be deemed to be Outstanding shall be the amount of the principal
thereof which would be due and payable as of such date upon acceleration of the Maturity thereof to such date pursuant to Section 8.2, (B) if, as of such date, the principal amount payable at the Stated Maturity of a Security is not
determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 3.1, (C) the principal amount of a Security denominated in one or more
foreign currencies, composite currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 3.1, of the principal amount of
such Security (or, in the case of a Security described in Clause (A) or (B) above, of the amount determined as provided in such clause), and (D) Securities owned by the Company or any other obligor upon the Securities or any Affiliate
of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent,
waiver or other action, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other
obligor. 
 “Paying Agent” shall have the meaning specified in Section 3.6. 
 “Person” or “person” means any corporation, individual, limited liability company, joint stock company, joint venture,
partnership, unincorporated association, governmental regulatory entity, country, state or political subdivision thereof, trust, municipality or other entity. 
 “Place of Payment”, when used with respect to the Securities of any series and subject to Section 6.2, means the place or places where the principal of and any premium and interest on the
Securities of that series are payable as specified as contemplated by Section 3.1. 
  

 5 

 “Predecessor Security” of any particular Security means every previous Security
evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.8 in exchange for or in lieu of a mutilated,
destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “principal” of any Debt means the principal amount of such Debt as of any date of determination. 
 “Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to
this Indenture. 
 “Registrar” shall have the meaning specified in Section 3.6. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means the date specified for
that purpose as contemplated by Section 3.1. 
 “Regulation S-X” means Regulation S-X promulgated under the Securities
Act, as it may be amended from time to time, and any successor provision thereto. 
 “Responsible Officer”, when used with
respect to the Trustee, means any vice president, any assistant secretary, any assistant treasurer, any trust officer, any assistant trust officer or any other officer of the Trustee, in each case, located in the Corporate Trust Office of the
Trustee, and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 
 “SEC” means the Securities and Exchange Commission. 
 “Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

 “Securities Custodian” means the Trustee, as custodian with respect to the Global Securities, or any successor entity
thereto. 
 “Security Register” shall have the meaning specified in Section 3.6. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.9.

  

 6 

 “Stated Maturity”, when used with respect to any Security or any installment of
principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 
 “Subsidiary” means a corporation, a majority of the outstanding voting stock of which is owned, directly or indirectly, by the Company
and/or by one or more of its other Subsidiaries, a partnership in which the Company or a Subsidiary of the Company is, at the time, a general partner, and any other entity in which the Company and/or one of its Subsidiaries, directly or indirectly,
has a majority ownership interest. 
 “Supplemental Indenture” means an indenture supplemental to this Indenture, which
supplements, amends or modifies this Indenture and is entered into by the parties to this Indenture as provided in Article XI. 
 “TIA” means the Trust Indenture Act of 1939, as amended, (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of the execution of this Indenture, except as provided in Section 11.3. 
 “Trust Officer” means, when used with respect to the Trustee, any officer or assistant officer of the Trustee assigned by the Trustee to
administer its corporate trust matters.. 
 “Trustee” means the Person named as the “Trustee” in the first
paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at
any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 
 “U.S. Government Obligations” means direct non-callable obligations of, or noncallable obligations guaranteed by, the United States of
America for the payment of which obligation or guarantee the full faith and credit of the United States of America is pledged. 
 SECTION 1.2. INCORPORATION
BY REFERENCE OF TIA. 
 Whenever this Indenture refers to a provision of the TIA, such provision is incorporated by reference in and made a
part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the
SEC. 
 “indenture securities” means the Securities. 
 “indenture securityholder” means a Holder. 
 “indenture to be qualified” means this Indenture. 
 “indenture trustee” or
“institutional trustee” means the Trustee. 
  

 7 

 “obligor” on the indenture securities means the Company and any other obligor on any
Security. 
 All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by
SEC rule and not otherwise defined herein have the TIA meanings assigned to them thereby. 
 SECTION 1.3. RULES OF CONSTRUCTION. 
 Unless the context otherwise requires: 
 (1) a term has the meaning assigned to it; 
 (2) an accounting term not otherwise defined has
the meaning assigned to it in accordance with GAAP; 
 (3) “or” is not exclusive; 
 (4) “including” means including, without limitation; 
 (5) words in the singular include the plural, and words in the plural include the singular; 
 (6) provisions apply to successive events and transactions; 
 (7) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any particular
Article, Section or other subdivision; and 
 (8) references to Sections or Articles means reference to such Section or
Article in this Indenture, unless stated otherwise. 
 ARTICLE II 
 SECURITY FORMS 
 SECTION 2.1. FORMS GENERALLY. 
 All Securities shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and
may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary therefor or as may, consistently herewith, be
determined by the Officers executing such Securities, as evidenced by their execution thereof. 
 The definitive Securities shall be printed,
typewritten, lithographed or engraved or produced by any combination of these methods on any type of paper, all as determined by the Officers executing such Securities, as evidenced by their execution of such Securities. 
  

 8 

 SECTION 2.2. FORM OF SECURITIES. 
 Each Security in a series shall be in a form approved by or pursuant to a Supplemental Indenture hereto or a Board Resolution or by an Officer or Officers pursuant to authority delegated to that Officer or those
Officers pursuant to a Board Resolution. If the form of the Securities of a series is not prescribed by the Supplemental Indenture relating to that series, upon or prior to the delivery to the Trustee for authentication of the first Security to be
issued of that series, the Company shall deliver to the Trustee, the Board Resolution by or pursuant to which such form of the Security for that series has been approved, which Board Resolution shall have attached thereto a copy of the form of the
Security approved, or a certificate of an Officer, attested to by the Secretary or an Assistant Secretary of the Company, certifying that an Officer, acting pursuant to delegated authority from the Board of Directors, approved the form of the
Securities of that series and attaching a copy of the form of the Security approved and a true and complete copy of the resolutions of the Board of Directors delegating authority to that Officer to approve the form of Securities. If temporary
Securities of any series are issued in global form as permitted by Section 3.4, the form thereof also shall be established as provided in this Section 2.2. 
 SECTION 2.3. GLOBAL SECURITIES. 
 If Securities of a series are issuable in whole or in part in global form,
as specified as contemplated by Section 3.1, then, notwithstanding Section 3.1 and the provisions of Section 3.2, such Global Security shall represent such of the Outstanding Securities of that series as shall be specified in such
Global Security and may provide that it shall represent the aggregate amount of Outstanding Securities from time to time endorsed thereon and that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced or
increased to reflect exchanges or partial redemptions or increased to reflect the issuance of additional uncertificated Securities of that series. Any endorsement of a Global Security to reflect the amount, or any increase or decrease in the amount,
of Outstanding Securities of a series represented thereby shall be made in such manner and upon instructions given by such Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to
Section 3.3. 
 Unless otherwise specified as contemplated by Section 3.1 for the Securities evidenced thereby, every Global
Security authenticated and delivered hereunder shall bear a legend in substantially the following form: 
 THIS SECURITY IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY. 
  

 9 

 SECTION 2.4. FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION. 
 The Trustee’s certificates of authentication shall be in substantially the following form: 
 This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture. 
  

					
		 	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

			
	Dated:	 	By:	 	  

		 		 	Authorized Signatory

 ARTICLE III 
 THE SECURITIES 
 SECTION 3.1. AMOUNT UNLIMITED; ISSUABLE IN SERIES. 
 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to Section 3.3, set
forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more Supplemental Indentures hereto, prior to the issuance of Securities of any series, 
 (1) the title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other series);

 (2) any limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered
under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 3.4, or 4.7 and except for any Securities which,
pursuant to Section 3.3, are deemed never to have been authenticated and delivered hereunder); provided, however, that the authorized aggregate principal amount of such series may from time to time be increased above such amount by a
Board Resolution to such effect; 
 (3) the Person to whom any interest on a Security of the series shall be payable, if other
than the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 
  

 10 

 (4) the date or dates on which the principal of any Securities of the series is payable
or the method by which such date or dates shall be determined or extended; 
 (5) the rate or rates (which may be fixed or
variable) at which any Securities of the series shall bear interest, if any, or the method by which such rate or rates shall be determined, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which any such
interest shall be payable and the Regular Record Date for any such interest payable on any Interest Payment Date; 
 (6) the
place or places where, subject to the provisions of Section 3.6 and Section 6.2, the principal of and any premium and interest on any Securities of the series shall be payable and the manner in which any payment may be made; 
 (7) the period or periods within which or the date or dates on which, the price or prices at which and the terms and conditions upon which
any Securities of the series may be redeemed, in whole or in part, at the option of the Company and, if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities shall be evidenced; 
 (8) the obligation, if any, of the Company to redeem or purchase any Securities of the series pursuant to any sinking fund or analogous
provisions or at the option of the Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series shall be redeemed or purchased, in whole or in part, pursuant
to such obligation; 
 (9) if other than denominations of $1,000 and any multiple thereof, the denominations in which any
Securities of the series shall be issuable; 
 (10) if the amount of principal of or any premium or interest on any Securities
of the series may be determined with reference to an index or pursuant to a formula, the manner in which such amounts shall be determined; 
 (11) if other than the currency of the United States of America, the currency, currencies, composite currency, composite currencies or currency units in which the principal of or any premium or interest on any
Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of America for any purpose, including for the purposes of making payment in the currency of the United States of
America and applying the definition of “Outstanding” in Section 1.1; 
 (12) if the principal of or any
premium or interest on any Securities of the series is to be payable, at the election of the Company or the Holder thereof, in one or more currencies, composite currencies or currency units other than that or those in which such Securities are
stated to be payable, the currency, currencies, composite currency, composite currencies or currency units in which the principal of or any premium or interest on such Securities as to which such election is made shall be payable, the periods within
which and 
  

 11 

 the terms and conditions upon which such election is to be made and the amount so payable (or the manner
in which such amount shall be determined); 
 (13) if other than the entire principal amount thereof, the portion of the
principal amount of any Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 8.2 or the method by which such portion shall be determined; 
 (14) if the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of any one or more
dates prior to the Stated Maturity, the amount which shall be deemed to be the principal amount of such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof which shall be due and payable
upon any Maturity other than the Stated Maturity or which shall be deemed to be Outstanding as of any date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount shall be determined);

 (15) if applicable, that the Securities of the series, in whole or any specified part, shall be defeasible pursuant to
Section 10.2 or Section 10.3 or both such Sections, or pursuant to a manner varying from such Sections, any provisions to permit a pledge of obligations other than U.S. Government Obligations (or the establishment of other arrangements) to
satisfy the requirements of Section 10.4 for defeasance of such Securities and, if other than by a Board Resolution, the manner in which any election by the Company to defease such Securities shall be evidenced; 
 (16) if applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities
and, in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in Section 2.3, any addition to,
elimination of or other change in the circumstances set forth in clause (2) of the last paragraph of Section 3.7 in which any such Global Security may be exchanged in whole or in part for Securities registered, and any transfer of such
Global Security in whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof and any other provisions governing exchanges or transfers of any such Global Security;

 (17) any addition to, elimination of or other change in the Events of Default which applies to any Securities of the series
and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 8.2; 
 (18) any addition to, elimination of or other change in the covenants set forth in Article VI which applies to Securities of the series;

 (19) any provisions necessary to permit or facilitate the issuance, payment or conversion of any Securities of the series
that may be converted into securities or other property other than Securities of the same series and of like tenor, whether in addition to, or in lieu of, any payment of principal or other amount and whether at the option of the Company or
otherwise; 
  

 12 

 (20) the terms and conditions, if any, pursuant to which the Securities of the series are
secured; 
 (21) any restriction or condition on the transferability of the Securities of such series; 
 (22) the exchanges, if any, on which the Securities may be listed; and 
 (23) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by
Section 11.1(4)). 
 All Securities of any one series shall be substantially identical except as to denomination and except as may
otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 3.3) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or in any such Supplemental
Indenture hereto. 
 If any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an
appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series.

 SECTION 3.2. DENOMINATIONS. 
 The Securities
of each series shall be issuable only in registered form without coupons and only in such denominations as shall be specified as contemplated by Section 3.1. In the absence of any such specified denomination with respect to the Securities of
any series, the Securities of that series shall be issuable in denominations of $1,000 and any multiple thereof. 
 SECTION 3.3. EXECUTION, AUTHENTICATION,
DELIVERY AND DATING. 
 The Securities shall be executed on behalf of the Company by two Officers by manual or facsimile signature.

 Securities bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company shall bind
the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the
Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee shall, upon receipt of the Company Order, authenticate and deliver such Securities as this Indenture
provides and not otherwise. 
  

 13 

 If the form or terms of the Securities of the series have been established by or pursuant to one or more
Board Resolutions as permitted by Sections 2.2 and 3.1, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to
Section 9.1) shall be fully protected in relying upon, an Opinion of Counsel stating, 
 (1) if the form of such
Securities has been established by or pursuant to Board Resolution as permitted by Section 2.2, that such form has been established in conformity with the provisions of this Indenture; 
 (2) if the terms of such Securities have been established by or pursuant to Board Resolution as permitted by Section 3.1, that such
terms have been established in conformity with the provisions of this Indenture; and 
 (3) that such Securities, when
authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company enforceable in accordance
with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
 If such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issue of such Securities
pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Notwithstanding the provisions of Section 3.1 and of the preceding paragraph, if all Securities of a series are not to be originally issued at one
time, it shall not be necessary to deliver the Board Resolution or the Officers’ Certificate otherwise required pursuant to Section 3.1 or the Company Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at
or prior to the authentication of each Security of that series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of that series to be issued. 
 Each Security shall be dated the date of its authentication. 
 No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for
herein executed by the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if
any Security shall have been authenticated and delivered hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.12, for all purposes of this
Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
  

 14 

 SECTION 3.4. TEMPORARY SECURITIES. 
 Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed,
typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other
variations as the Officers executing such Securities may determine, as evidenced by their execution of such Securities. 
 If temporary
Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of that series, the temporary Securities of that series shall
be exchangeable for definitive Securities of that series upon surrender of the temporary Securities of that series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for
cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations
and of like tenor and aggregate principal amount. Until so exchanged, the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of that series and tenor. 

SECTION 3.5. HOLDER LISTS. 
 The Trustee shall preserve,
in as current a form as is reasonably practicable, the most recent list available to it of the names and addresses of all Holders of Securities of each series, by series, and shall otherwise comply with TIA §312(a). If the Trustee is not the
Registrar, the Company shall furnish, or shall cause the Registrar (if other than the Company) to furnish, to the Trustee at least seven Business Days before each Interest Payment Date with respect to a series of Securities and at such other times
as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders of such series, and the Company shall otherwise comply with TIA §312(a). 

SECTION 3.6. REGISTRAR, PAYING AGENT AND DEPOSITARY. 
 The
Company shall maintain an office or agency in the Borough of Manhattan, The City of New York, where Securities may be presented for registration of transfer or for exchange (“Registrar”) and an office or agency where Securities may
be presented for payment (“Paying Agent”). The Registrar shall keep a register (the “Security Register”) of each series of Notes and of their transfer and exchange. The Company may appoint one or more co-registrars
and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar with respect to the
Securities of any series without notice to any Holder. The Company shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain an entity other than the Trustee
as either Registrar or Paying Agent for the affected series of Securities, the Trustee shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. The 
  

 15 

 Company initially appoints The Depository Trust Company to act as Depositary with respect to the Global Securities. The
Company initially appoints the Trustee to act as Registrar and Paying Agent and to act as Securities Custodian with respect to the Global Securities. 
 SECTION 3.7. REGISTRATION OF TRANSFER AND EXCHANGE. 
 Upon surrender for registration of transfer of any Security of a series at the
office or agency of the Company in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series,
of any authorized denominations and of like tenor and aggregate principal amount. 
 At the option of the Holder, Securities of any series
may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so
surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same
debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company and the Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. 
 No service charge shall be made
for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of
Securities, other than exchanges pursuant to Section 3.4 or 11.5 or this Section 3.7 not involving any transfer. 
 If the
Securities of any series (or of any series and specified tenor) are to be redeemed in part, the Company shall not be required (A) to issue, register the transfer of or exchange any Securities of that series (or of that series and specified
tenor, as the case may be) during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of any such Securities selected for redemption under Section 4.3 and ending at the close of business
on the day of such mailing, or (B) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
 The provisions of clauses (1), (2), (3) and (4) below shall apply only to Global Securities: 
 (1) Each Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated for such Global
Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture. 
  

 16 

 (2) Notwithstanding any other provision in this Indenture, and subject to such applicable
provisions, if any, as may be specified as contemplated by Section 3.1, a Global Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another
nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Securities will be exchanged by the Company for other certificated Securities if (i) the Company
delivers to the Trustee notice from the Depositary that (x) the Depositary is unwilling or unable to continue to act as Depositary for the Global Securities and the Company thereupon fails to appoint a successor Depositary within 90 days or
(y) the Depositary is no longer a clearing agency registered under the Exchange Act, (ii) the Company, in its sole discretion, determines that the Global Securities (in whole but not in part) should be exchanged for other certificated
Global Securities and delivers a written notice to such effect to the Trustee or (iii) upon request of the Trustee or Holders of a majority of the aggregate principal amount of Outstanding Securities of the applicable series if there shall have
occurred and be continuing a Default or Event of Default with respect to such Securities. If the Company designates a successor Depositary as aforesaid, such Global Security shall promptly be exchanged in whole for one or more other Global
Securities registered in the name of the successor Depositary, whereupon such designated successor shall be the Depositary for such successor Global Security or Global Securities and the provisions of Clauses (1), (2), (3) and (4) of this
Section shall continue to apply thereto. 
 (3) Subject to Clause (2) above and to such applicable provisions, if any, as
may be specified as contemplated by Section 3.1, any exchange of a Global Security for other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered in
such names as the Depositary for such Global Security shall direct. 
 (4) Every Security authenticated and delivered upon
registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof, whether pursuant to Section 3.4, 3.6, 11.5 or this Section 3.7 or otherwise, shall be authenticated and delivered in the form of, and
shall be, a Global Security, unless such Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 
 SECTION 3.8. MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES. 
 If any mutilated Security is surrendered to the Trustee together
with such security or indemnity as may be required by the Company or the Trustee to save each of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and of
like tenor and principal amount and bearing a number not contemporaneously outstanding. 
  

 17 

 If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the
destruction, loss or theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such
Security has been acquired by a bona fide purchaser, the Company shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal
amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become
or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the
issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of
the Trustee) connected therewith. 
 Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or
stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this
Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder. 
 The provisions of this
Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 SECTION 3.9. PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED. 
 Except as otherwise provided as contemplated by Section 3.1 with respect to any Securities of a series, interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid
to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest (or, if no business is conducted by the Trustee at its Corporate Trust Office on
such date, at 5:00 P.M. New York City time on such date). 
 Any interest on any Security of any series which is payable, but is not
punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and
such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below: 
 (1) The Company may elect to make payment of any Defaulted Interest payable on any Securities of a series to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on
a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each of such Securities and
the date of the 
  

 18 

 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 provided in this clause (1). Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less
than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and
at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of such Securities in the manner set forth in Section 13.4, not less than 10
days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or
their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2). 
 (2) The Company may make payment of any Defaulted Interest on any Securities of a series in any other lawful manner not inconsistent with
the requirements of any securities exchange or automated quotation system on which such Securities may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, if, after notice given by the Company
to the Trustee of the proposed payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 
 Except
as may otherwise be provided in this Section 3.9 or as contemplated in Section 3.1 with respect to any Securities of a series, the Person to whom interest shall be payable on any Security that first becomes payable on a day that is not an
Interest Payment Date shall be the Holder of such Security on the day such interest is paid. 
 Subject to the foregoing provisions of this
Section, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other
Security. 
 In the case of any Security which is converted after any Regular Record Date and on or prior to the next succeeding Interest
Payment Date (other than any Security whose Maturity is prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion, and such
interest (whether or not punctually paid or duly provided for) shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on such Regular Record Date. Except as otherwise
expressly provided in the immediately preceding sentence, in the case of any Security which is converted, interest whose Stated Maturity is after the date of conversion of such Security shall not be payable. Notwithstanding the foregoing, the terms
of any Security that may be converted may provide that the provisions of this paragraph do not apply, or apply with such additions, changes or omissions as may be provided thereby, to such Security. 
  

 19 

 SECTION 3.10. PAYING AGENT TO HOLD MONEY IN TRUST. 
 The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders
of the applicable Securities of any series or the Trustee all money held by the Paying Agent for the payment of principal or any premium or interest on such Securities and will notify the Trustee of any default by the Company in making any such
payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the
Trustee, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the
Holders of such Securities all money held by it as Paying Agent with respect to such Securities. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for any Securities. 
 SECTION 3.11. PERSONS DEEMED OWNERS. 
 Prior to due
presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving
payment of principal of and any premium and (subject to Section 3.9) any interest on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company
or the Trustee shall be affected by notice to the contrary. 
 SECTION 3.12. CANCELLATION. 
 All Securities surrendered for payment, redemption, registration of transfer or exchange or conversion or for credit against any sinking fund payment
shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered
hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not
issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by
this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order; provided, however, that the Trustee shall not be required to destroy such cancelled Securities. 
 SECTION 3.13. COMPUTATION OF INTEREST; USURY. 
 Except as
otherwise specified as contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months. 
  

 20 

 The amount of interest (or amounts deemed to be interest under applicable law) payable or paid on any
Security shall be limited to an amount which shall not exceed the maximum nonusurious rate of interest allowed by the applicable laws of the State of New York, or any applicable law of the United States permitting a higher maximum nonusurious rate
that preempts such applicable New York law, which could lawfully be contracted for, taken, reserved, charged or received (the “Maximum Interest Rate”). If, as a result of any circumstances whatsoever, the Company or any other Person is
deemed to have paid interest (or amounts deemed to be interest under applicable law) or any Holder of a Security is deemed to have contracted for, taken, reserved, charged or received interest (or amounts deemed to be interest under applicable law),
in excess of the Maximum Interest Rate, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of validity, and if under any such circumstance, the Trustee, acting on behalf of the Holders, or any Holder shall ever receive
interest or anything that might be deemed interest under applicable law that would exceed the Maximum Interest Rate, such amount that would be excessive interest shall be applied to the reduction of the principal amount owing on the applicable
Security or Securities and not to the payment of interest, or if such excessive interest exceeds the unpaid principal balance of any such Security or Securities, such excess shall be refunded to the Company; provided that the Company and not
the Trustee shall be responsible for collecting any such refund from the Holders. In addition, for purposes of determining whether payments in respect of any Security are usurious, all sums paid or agreed to be paid with respect to such Security for
the use, forbearance or detention of money shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of such Security. 
 SECTION 3.14. CUSIP NUMBERS. 
 The Company in issuing the Securities may use CUSIP numbers (if then generally
in use) and, if so, the Trustee shall use CUSIP numbers in notices of redemption as a convenience to Holders; provided, that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the
Securities or as contained in any notice of redemption and that reliance may be placed only on the other identification numbers printed on the Securities and any such redemption shall not be affected by any defect in or omission of such numbers. The
Company will promptly notify the Trustee of any change in the “CUSIP” numbers. 
 ARTICLE IV 
 REDEMPTION 
 SECTION 4.1. APPLICABILITY OF ARTICLE.

 Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except
as otherwise specified as contemplated by Section 3.1 for such Securities) in accordance with this Article. 
  

 21 

 SECTION 4.2. ELECTION TO REDEEM; NOTICE TO TRUSTEE. 
 The election of the Company to redeem any Securities shall be established in or pursuant to a Board Resolution or in another manner specified as
contemplated by Section 3.1 for such Securities. In case of any redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Company shall, at
least 15 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of that series to be redeemed and, if
applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities (i) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture or
(ii) pursuant to an election of the Company that is subject to a condition specified in the terms of those Securities, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction or
condition. 
 SECTION 4.3. SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED. 
 If less than all the Securities of any series are to be redeemed (unless all the Securities of that series and of a specified tenor are to be redeemed or unless such redemption affects only a single Security), the
particular Securities to be redeemed shall be selected not more than 15 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of that series not previously called for redemption, by such method as the Trustee shall deem
fair and appropriate and which may provide for the selection for redemption of a portion of the principal amount of any Security of that series; provided that the unredeemed portion of the principal amount of any Security shall be in an authorized
denomination (which shall not be less than the minimum authorized denomination) for such Security. If less than all the Securities of that series and of a specified tenor are to be redeemed (unless such redemption affects only a single Security),
the particular Securities to be redeemed shall be selected not more than 15 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of that series and specified tenor not previously called for redemption in accordance with
the preceding sentence. 
 If any Security selected for partial redemption is converted in part before termination of the conversion right
with respect to the portion of the Security so selected, the converted portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption. Securities which have been converted during a selection of Securities to be
redeemed shall be treated by the Trustee as Outstanding for the purpose of such selection. 
 The Trustee shall promptly notify the Company
and each Registrar in writing of the Securities selected for redemption as aforesaid and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 
 The provisions of the two preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such Security is
to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination)
for such Security. 
  

 22 

 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the
redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 
 SECTION 4.4. NOTICE OF REDEMPTION. 
 Notice of redemption
shall be given by first-class mail, postage prepaid, mailed not less than 30 days nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed, at his address appearing in the Security Register. 
 All notices of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any) and shall state: 
 (1) the Redemption Date, 
 (2) the Redemption Price, 
 (3) if less than all the Outstanding Securities of any series
consisting of more than a single Security are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed and, if less than all the Outstanding
Securities of any series consisting of a single Security are to be redeemed, the principal amount of the particular Security to be redeemed, 
 (4) that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date,

 (5) the place or places where each such Security is to be surrendered for payment of the Redemption Price, 
 (6) for any Securities that by their terms may be converted, the terms of conversion, the date on which the right to convert the Security
to be redeemed will terminate and the place or places where such Securities may be surrendered for conversion, and 
 (7) that
the redemption is for a sinking fund, if such is the case. 
 Notice of redemption of Securities to be redeemed at the election of the
Company shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company and shall be irrevocable. The failure to give such notice by mail or any defect in the notice to the Holder of any
Security designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Security. 
  

 23 

 SECTION 4.5. DEPOSIT OF REDEMPTION PRICE. 
 On or before any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 3.10)
an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date, other than any Securities called for
redemption on that date which have been converted prior to the date of such deposit. 
 If any Security called for redemption is converted,
any money deposited with the Trustee or with any Paying Agent or so segregated and held in trust for the redemption of such Security shall (subject to any right of the Holder of such Security or any Predecessor Security to receive interest as
provided in the last paragraph of Section 3.9 or in the terms of such Security) be paid to the Company upon Company Request or, if then held by the Company, shall be discharged from such trust. 
 SECTION 4.6. SECURITIES PAYABLE ON REDEMPTION DATE. 
 Notice
of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the
payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption
Price, together with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by Section 3.1, installments of interest whose Stated Maturity is on or prior to the Redemption Date
will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 3.7. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear
interest from the Redemption Date at the rate prescribed therefor in the Security. 
 SECTION 4.7. SECURITIES REDEEMED IN PART. 
 Any Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee shall
authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and
in exchange for the unredeemed portion of the principal of the Security so surrendered. 
  

 24 

 ARTICLE V 
 SINKING FUNDS 
 SECTION 5.1. APPLICABILITY OF ARTICLE. 
 The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of any series except as otherwise specified as
contemplated by Section 3.1 for such Securities. 
 The minimum amount of any sinking fund payment provided for by the terms of any
Securities is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of such Securities is herein referred to as an “optional sinking fund payment”. If
provided for by the terms of any Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 5.2. Each sinking fund payment shall be applied to the redemption of Securities as provided for by the
terms of such Securities. 
 SECTION 5.2. SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES. 
 The Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (2) may apply as a credit
Securities of a series which have been converted in accordance with their terms or which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund
payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of that series required to be made pursuant to the terms of such Securities as and to the
extent provided for by the terms of such Securities; provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the
Redemption Price, as specified in the Securities so to be redeemed (or at such other prices as may be specified for such Securities as contemplated in Section 3.1), for redemption through operation of the sinking fund and the amount of such
sinking fund payment shall be reduced accordingly. 
 SECTION 5.3. REDEMPTION OF SECURITIES FOR SINKING FUND. 
 Not less than 90 days (or such shorter period as shall be satisfactory to the Trustee) prior to each sinking fund payment date for any Securities, the
Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to be satisfied by
payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities pursuant to Section 5.2 and will also deliver to the Trustee any Securities to be so delivered. Not less than 60 days prior to each
such sinking fund payment date, the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 4.3 and cause notice of the redemption thereof to be given in the name of and at the
expense of the Company in the manner provided in Section 4.4. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 4.6 and 4.7. 
  

 25 

 ARTICLE VI 
 COVENANTS 
 SECTION 6.1. PAYMENT OF SECURITIES. 
 The Company shall pay the principal of and any premium and interest on the Securities of any series on the dates and in the manner provided herein and in
the applicable Security. An installment of principal of or interest on any Security of any Series shall be considered paid on the date it is due if the Trustee or Paying Agent (other than the Company or an Affiliate of the Company) holds for the
benefit of the Holders of such Security (on or before 10:00 a.m. New York City time to the extent necessary to provide the funds to the Depositary in accordance with the Depositary’s procedures) on that date cash deposited and designated for
and sufficient to pay the installment. 
 The Company shall pay interest on overdue principal and on overdue installments of interest at the
rate specified in the Security of that series compounded semi-annually, to the extent lawful. 
 SECTION 6.2. MAINTENANCE OF OFFICE OR AGENCY. 
 The Company shall maintain in each Place of Payment for any series of Securities, an office or agency where Securities of that Series may be presented or
surrendered for payment, where Securities of that Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of that Series and this Indenture may be served.
The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations,
surrenders, notices and demands. 
 The Company may also from time to time designate one or more other offices or agencies where the
Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve
the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any
change in the location of any such other office or agency. 
 With respect to any Global Security, and except as otherwise may be specified
for such Global Security as contemplated by Section 3.1, the Corporate Trust Office of the Trustee shall be the Place of Payment where such Global Security may be presented or surrendered for payment or for registration of transfer or exchange,
or where successor Securities may be 
  

 26 

 delivered in exchange therefor; provided, however, that any such payment, presentation, surrender or
delivery effected pursuant to the Applicable Procedures of the Depositary for such Global Security shall be deemed to have been effected at the Place of Payment for such Global Security in accordance with the provisions of this Indenture.

 SECTION 6.3. CORPORATE EXISTENCE. 
 Except as
otherwise permitted by Article VII, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence in accordance with its organizational documents and the material rights (charter
and statutory) and material corporate franchises of the Company; provided, however, that the Company shall not be required to preserve any such right or franchise if (a) the Company shall determine that the preservation thereof is no
longer desirable in the conduct of the business of the Company and (b) the loss thereof is not materially adverse to the Holders. 
 SECTION 6.4.
PAYMENT OF TAXES AND OTHER CLAIMS. 
 The Company shall pay or discharge or cause to be paid or discharged, before the same shall become
delinquent, (a) all taxes, assessments and governmental charges (including withholding taxes and any penalties, interest and additions to taxes) levied or imposed upon the Company or any of its properties and assets and (b) all lawful
claims, whether for labor, materials, supplies or services, which have become due and payable and which by law have or may become a Lien upon the property and assets of the Company, except where the failure to so pay or discharge would not,
individually or in the aggregate, have a material adverse effect on the current or future financial position, stockholders’ equity or results of operations of the Company and its Subsidiaries; provided, however, that the Company shall
not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings and for which disputed amounts
adequate reserves have been established in accordance with GAAP. 
 SECTION 6.5. MAINTENANCE OF PROPERTIES. 
 The Company shall cause all properties used or useful in the conduct of its business and the business of each of its Subsidiaries to be maintained and
kept in good condition, repair and working order (reasonable wear and tear excepted) and supplied with all necessary equipment and shall cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in
their reasonable judgment may be necessary, so that the business carried on in connection therewith may be properly conducted at all times, except where the failure to do so would not, individually or in the aggregate, have a material adverse effect
on the current or future financial position, stockholders’ equity or results of operations of the Company and its Subsidiaries; provided, however, that nothing in this Section 6.5 shall prevent the Company from discontinuing any
operation or maintenance of any of such properties, or disposing of any of them, if such discontinuance or disposal is (i) in the judgment of the Board of Directors of the Company, desirable in the conduct of the business of the Company and
(ii) not materially adverse to the Holders. 
  

 27 

 SECTION 6.6. COMPLIANCE CERTIFICATE; NOTICE OF DEFAULT. 
 (a) The Company shall deliver to the Trustee within 120 days after the end of its fiscal year an Officers’ Certificate, one of the signers of which
shall be the principal executive, principal financial or principal accounting officer of the Company, complying with TIA § 314(a)(4) and stating that a review of its activities during the preceding fiscal year has been made under the
supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture (without regard to notice requirements or grace periods) and further stating, as to
each such Officer signing such certificate, whether or not the signer knows of any failure by the Company to comply with any conditions or covenants in this Indenture and, if such signer does know of such a failure to comply, the certificate shall
describe such failure with particularity. The Officers’ Certificate shall also notify the Trustee should the relevant fiscal year end on any date other than the current fiscal year end date. 
 (b) The Company shall, so long as any Security of any series are Outstanding, deliver to the Trustee, promptly upon becoming aware of any Default or
Event of Default with respect to such Security, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. The Trustee shall not be deemed to have
knowledge of any Default, any Event of Default or any such fact unless one of its Trust Officers receives written notice thereof from the Company or any of the Holders. 
 SECTION 6.7. REPORTS. 
 Whether or not the Company is subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act, the Company shall furnish to the Trustee and to each Holder, within 5 days after the Company is or would have been (if it were subject to such reporting obligations) required to file such with the SEC,
annual and quarterly financial statements substantially equivalent to financial statements that would have been included in reports filed with the SEC, if the Company were subject to the requirements of Section 13 or 15(d) of the Exchange Act,
including, with respect to annual information only, a report thereon by the Company’s certified independent public accountants as such would be required in such reports to the SEC, and, in each case, together with a management’s discussion
and analysis of financial condition and results of operations which would be so required and, unless the SEC will not accept such reports, file with the SEC the annual, quarterly and other reports which the Company is or would have been required to
file with the SEC. 
 Delivery of such reports, information and documents to the Trustee is for informational purposes only, and the
Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which
the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 SECTION 6.8. WAIVER OF STAY, EXTENSION OR USURY LAWS. 
 The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or
take the benefit or 
  

 28 

 advantage of, any stay or extension law or any usury law or other law which would prohibit or forgive the Company from
paying all or any portion of the principal of, premium of, or interest on any Security as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture; and (to
the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law and covenants that it shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer
and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE VII 
 SUCCESSOR CORPORATION 
 SECTION 7.1. LIMITATION ON
MERGER, SALE OR CONSOLIDATION. 
 The Company shall not consolidate or merge with or into, or transfer or lease its assets substantially as an
entirety, whether in a single transaction or a series of related transactions, to another Person or group of affiliated Persons, unless: 
 (1) either (a) the Company is the surviving entity or (b) the resulting, surviving or transferee entity formed by such consolidation or into which the Company is merged or which acquires or leases the
Company’s assets is a corporation, partnership, trust or limited liability company organized and existing under the laws of the United States, any state thereof or the District of Columbia and expressly assumes by a Supplemental Indenture (in
form and substance reasonably satisfactory to the Trustee) all of the Company’s obligations in connection with the Securities and this Indenture; 
 (2) no Default or Event of Default exists or will occur immediately after giving effect to such transaction (applying Article 11 of Regulation S-X to such transaction as and to the extent applicable); and 

(3) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel meeting the requirements of Sections
13.6 and 13.7 hereof. 
 For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise) of the properties and assets,
substantially as an entirety, of one or more Subsidiaries of the Company, the Company’s interest in which constitutes the Company’s properties and assets substantially as an entirety, shall be deemed to be the transfer of the
Company’s properties and assets substantially as an entirety. 
 SECTION 7.2. SUCCESSOR CORPORATION SUBSTITUTED. 
 Upon any consolidation or merger or any transfer or lease of all or substantially all of the assets of the Company in accordance with Section 7.1,
the surviving entity formed by such consolidation or into which the Company is merged or to which such transfer or lease is made shall succeed to and (except in the case of a lease) be substituted for, and may exercise every right and power of, the
Company under this Indenture with the same effect as if such surviving entity had been named herein as the Company, and (except in the case of a lease) when 
  

 29 

 a surviving entity duly assumes all of the obligations of the Company pursuant hereto and pursuant to the Securities, the
Company shall be released from such obligations (except with respect to any obligations that arise from, or are related to, such transaction). 
 ARTICLE VIII 
 EVENTS OF DEFAULT AND REMEDIES 
 SECTION 8.1. EVENTS OF DEFAULT. 
 “Event of Default” with respect to Securities of any series,
wherever used herein, means any one of the following events (whatever reason for such Event of Default and whether it shall be caused voluntarily or involuntarily or effected, without limitation, 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): 
 (i) the
Company’s failure to pay any installment of interest on any Security of that series as and when the same becomes due and payable and the continuance of any such failure for 30 days; 
 (ii) the Company’s failure to pay all or any part of the principal of, or premium, if any, on any Security of that series when and
as the same becomes due and payable at maturity, redemption, by acceleration or otherwise; 
 (iii) the Company’s
failure to deposit any sinking fund payment, when and as due by the terms of a Security of that series, and continuance of any such failure for 30 days; 
 (iv) with respect to the Securities of that series, the Company’s failure to observe or perform any other covenant or agreement in respect of any Security of that series contained in this Indenture or in such
Security (other than a covenant or agreement a default in whose performance is elsewhere in this Section specifically dealt with or that has been expressly included in this Indenture by means of a Supplemental Indenture solely for the benefit of
Securities of a series other than that series) or in the applicable Board Resolution under which that series is issued as contemplated by Section 3.01 and, the continuance of such failure for a period of 60 days after written notice is given to
the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of that series; 
 (v) a decree, judgment, or order by a court of competent jurisdiction shall have been entered adjudicating the Company as bankrupt or
insolvent, or approving as properly filed a petition seeking reorganization of the Company under any bankruptcy or similar law, and such decree or order shall have continued undischarged and unstayed for a period of 60 days; or a decree, judgment or
order of a court of competent jurisdiction appointing a receiver, liquidator, trustee, or assignee in bankruptcy or insolvency for the Company, or any substantial part of the property of the Company, or for the winding up or liquidation of the
affairs of the Company, shall have been entered, and such decree, judgment, or order shall have remained in force undischarged and unstayed for a period of 60 days; 
  

 30 

 (vi) 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 reorganization under any bankruptcy or similar law or similar statute, or shall consent to the filing of any such petition, or
shall consent to the appointment of a custodian, receiver, liquidator, trustee, or assignee in bankruptcy or insolvency of it or any substantial part of its assets or property, or shall make a general assignment for the benefit of creditors, or
shall admit in writing its inability to pay its debts generally as they become due, or take any corporate action in furtherance of any of the foregoing; and 
 (vii) any other event or occurrence that is designated to be an Event of Default provided with respect to Securities of that series in
the Supplemental Indenture or Board Resolution that establishes the terms of the Securities of that series. 
 Notwithstanding the foregoing provisions of
this Section 8.1, if the principal or any premium or interest on any Security is payable in a currency other than the currency of the United States of America and such currency is not available to the Company for making payment thereof due to
the imposition of exchange controls or other circumstances beyond the control of the Company, the Company will be entitled to satisfy its obligations to Holders of the Securities by making such payment in the currency of the United States of America
in an amount equal to the currency of the United States of America equivalent of the amount payable in such other currency, as determined by the Trustee by reference to the noon buying rate in The City of New York for cable transfers for such
currency (the “Exchange Rate”), as such Exchange Rate is reported or otherwise made available by the Federal Reserve Bank of New York on the date of such payment, or, if such rate is not then available, on the basis of the most
recently available Exchange Rate. Notwithstanding the foregoing provisions of this Section 8.1, any payment made under such circumstances in the currency of the United States of America where the required payment is in a currency other than the
currency of the United States of America will not constitute an Event of Default under this Indenture. 
 SECTION 8.2. ACCELERATION OF MATURITY DATE;
RESCISSION AND ANNULMENT. 
 If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing
(other than an Event of Default specified in Section 8.1(v) or Section 8.1(vi)), then in every such case, unless the principal of the Outstanding Securities of that series shall have already become due and payable, either the Trustee or
the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of that series, by notice in writing to the Company specifying the respective Event of Default (and to the Trustee if given by Holders) (an “Acceleration
Notice”), may declare all principal, determined as set forth below, and accrued interest thereon (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in, or
determined in accordance with, the terms of that series) to be due and payable immediately. If an Event of Default specified in Section 8.1(v) or Section 8.1(vi) occurs, all principal and accrued interest 
  

 31 

 thereon (or, in the case of any Security of that series which specifies an amount to be due and payable thereon upon
acceleration of the Maturity thereof, such amount as may be specified by the terms thereof) will be immediately due and payable on all Outstanding Securities of that series without any declaration or other act on the part of the Trustee or any
Holders. 
 The Holders of a majority in aggregate principal amount of the Outstanding Securities of any series, by written notice to the
Trustee, may rescind and annul any acceleration and its consequences with respect to the Securities of that series so long as (a) such rescission occurs before a judgment or decree is entered based on such acceleration and (b) all existing
Events of Default, other than the non-payment of the principal of, premium, if any, and interest, if any, on all Securities of that series that have become due solely because of the acceleration, have been cured or waived as provided in
Section 8.12. 
 SECTION 8.3. COLLECTION OF DEBT AND SUITS FOR ENFORCEMENT BY TRUSTEE. 
 The Company covenants that if an Event of Default in payment of principal, premium or interest specified in clause (i) or (ii) of
Section 8.1 hereof occurs and is continuing with respect to Securities of any series, the Company shall, upon demand of the Trustee, pay to it, for the benefit of the Holders of Securities of that series, the whole amount then due and payable
on Securities of that series for principal, premium (if any), and interest, and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal (and premium, if any), and on any overdue interest, at the
rate borne by such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including compensation to, and expenses, disbursements and advances of the Trustee and its agents and
counsel and all other amounts due the Trustee under Section 9.7. 
 If the Company fails to pay such amounts forthwith upon such demand,
the Trustee, in its own name and as trustee of an express trust in favor of the Holders of Securities of that series, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or
final decree and may enforce the same against the Company or any other obligor upon the Securities of that series and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other
obligor upon such Securities, wherever situated. 
 If an Event of Default occurs and is continuing, the Trustee may in its discretion
proceed to protect and enforce its rights and the rights of the Holders of Securities of that series by such appropriate judicial proceedings as the Trustee shall deem most effective to protect and enforce any such rights, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 SECTION 8.4. TRUSTEE MAY FILE PROOFS OF CLAIM. 
 In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities of any series or the property of the Company 
  

 32 

 or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of such Securities shall
then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal, premium, if any, or interest) shall be entitled and
empowered, by intervention in such proceeding or otherwise to take any and all actions under the TIA, including: 
 (1) to
file and prove a claim for the whole amount of principal (and premium, if any) and interest owing and unpaid in respect of such Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee and its agent and counsel and all other amounts due the Trustee under Section 9.7) and of the Holders of Securities of that series
allowed in such judicial proceeding, and 
 (2) to collect and receive any moneys or other property payable or deliverable on
any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Holder of a 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 any amount due
it for the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and counsel, and any other amounts due the Trustee under Section 9.7 hereof. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of Securities of
any series any plan of reorganization, arrangement, adjustment or composition affecting Securities of that series or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any such Holder in any such
proceeding. 
 SECTION 8.5. TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES. 
 All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of such
Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust in favor of the Holders of such Securities, and any recovery
of judgment shall, after provision for the payment of compensation to, and expenses, disbursements and advances of the Trustee and its agents and counsel and all other amounts due the Trustee under Section 9.7, be for the ratable benefit of
such Holders of such Securities in respect of which such judgment has been recovered. 
 SECTION 8.6. PRIORITIES. 
 Any money collected by the Trustee pursuant to this Article VIII shall be applied in the following order, at the date or dates fixed by the Trustee and,
in case of the distribution of such money on account of principal, premium (if any), or interest, upon presentation of the 
  

 33 

 Securities of any series and the notation thereon of the payment if only partially paid and upon surrender thereof if
fully paid: 
 FIRST: To the Trustee in payment of all amounts due pursuant to Section 9.7 hereof; 
 SECOND: To the Holders of such Securities in payment of the amounts then due and unpaid for principal of, premium (if any), and interest on, such
Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal, premium (if any), and interest,
respectively; and 
 THIRD: To the Company or such other Person as may be lawfully entitled thereto, the remainder, if any, each as their
respective interests may appear. 
 The Trustee may, but shall not be obligated to, fix a record date and payment date for any payment to the
Holders under this Section 8.6. 
 SECTION 8.7. LIMITATION ON SUITS. 
 No Holder of any Security of any series shall have any right to institute, or to order or direct the Trustee to institute, any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment
of a receiver or trustee, or for any other remedy hereunder with respect to such Security, unless: 
 (A) such Holder has
previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series; 
 (B) the Holders of not less than 25% in aggregate principal amount of the Outstanding Securities of that series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as
Trustee hereunder; 
 (C) such Holder or Holders have offered to the Trustee security or indemnity reasonably satisfactory to
it against the costs, expenses and liabilities to be incurred or reasonably probable to be incurred in compliance with such request; 
 (D) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (E) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Outstanding Securities of that series;

 it being understood and intended that no one or more Holders of Securities of that series shall have any right in any manner whatsoever by virtue of, or
by availing of, any provision of this 
  

 34 

 Indenture to affect, disturb or prejudice the rights of any other Holders of Securities of that series, or to obtain or
to seek to obtain priority or preference over any other such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all the Holders of Securities of that series.

  

	SECTION	8.8. UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, PREMIUM AND INTEREST. 

 Notwithstanding any other provision of this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of, and premium (if any), and (subject
to Section 3.9) interest on, such Security on the Maturity Dates of such payments as expressed in such Security (in the case of redemption, the Redemption Price on the applicable Redemption Date), and, if the terms of such Security so provide,
to convert such Security in accordance with its terms, and to institute suit for the enforcement of any such payment after such respective dates, and such rights shall not be impaired without the consent of such Holder. 
 SECTION 8.9. RIGHTS AND REMEDIES CUMULATIVE. 
 Except as
otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 3.8 hereof, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be
exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 SECTION 8.10. DELAY OR OMISSION NOT WAIVER. 
 No delay or omission by the Trustee or by any Holder of any
Securities to exercise any right or remedy arising upon any Event of Default with respect to such Securities shall impair the exercise of any such right or remedy or constitute a waiver of any such Event of Default. Every right and remedy given by
this Article VIII or by law to the Trustee or to the Holders of any Security may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by such Holders, as the case may be. 
 SECTION 8.11. CONTROL BY HOLDERS. 
 The Holder or Holders of
a majority in aggregate principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred upon the Trustee with respect to the Securities of that series; provided that 
 (1) such direction shall not be in
conflict with any applicable rule of law or with this Indenture; 
  

 35 

 (2) the Trustee shall not determine that the action so directed would be unjustly
prejudicial to the Holders not taking part in such direction; and 
 (3) the Trustee may take any other action deemed proper
by the Trustee which is not inconsistent with such direction. 
 SECTION 8.12. WAIVER OF EXISTING OR PAST DEFAULT. 
 Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of any series
may, on behalf of all Holders of all the Securities of that series, waive any existing or past Default with respect to the Securities of that series and its consequences under this Indenture, except a continuing Default with respect to the
Securities of that series: 
 (A) in the payment of the principal of, premium, if any, or interest on, any Security of that
series as specified in clauses (i) and (ii) of Section 8.1 hereof and not yet cured; or 
 (B) with respect to
any covenant or provision hereof which, under Article XI, cannot be modified or amended without the consent of the Holder of each Outstanding Security of that series affected. 
 Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose
of this Indenture, but no such waiver shall extend to any subsequent or other Default with respect to the Securities of that series or impair the exercise of any right arising therefrom. 
 SECTION 8.13. UNDERTAKING FOR COSTS. 
 All parties to this Indenture agree, and each Holder of any Security
of any series by his acceptance thereof shall be deemed to have agreed, that in any suit for the enforcement of any right or remedy under this Indenture with respect to the Security of that series, or in any suit against the Trustee for any action
taken, suffered or omitted to be taken by it as Trustee with respect to that series, any court may in its discretion require the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in
its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the
provisions of this Section 8.13 shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder of the Security of that series, or group of Holders of the Security of that
series, holding in the aggregate more than 10% in aggregate principal amount of the Outstanding Security of that series, or to any suit instituted by any Holder of that series for enforcement of the payment of principal of, or premium (if any), or
interest on, any Security of that series on or after the respective Maturity Date expressed in such Security (including, in the case of redemption, on or after the Redemption Date). 
  

 36 

 SECTION 8.14. RESTORATION OF RIGHTS AND REMEDIES. 
 If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture with respect to any Security of any series
and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every case, subject to any determination in such proceeding, the Company, the Trustee and all
Holders of the Security of that series shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been
instituted. 
 ARTICLE IX 
 TRUSTEE 
 The Trustee hereby accepts the trust imposed upon it by this Indenture and covenants and agrees to perform the
same, as herein expressed, subject to the terms hereof. 
 SECTION 9.1. DUTIES OF TRUSTEE. 
 (a) If an Event of Default has occurred and is continuing with respect to Securities of any series, the Trustee shall exercise such of the rights and
powers vested in it by this Indenture with respect to such Securities and use the same degree of care and skill in its exercise as a prudent Person would exercise or use under the circumstances in the conduct of his or her own affairs. 

(b) Except during the continuance of an Event of Default with respect to Securities of any series: 
 (1) the Trustee need perform only those duties as are specifically set forth in this Indenture and no others; no covenants or obligations
shall be implied in or read into this Indenture which are adverse to the Trustee; and any rights of the Trustee to take any action that is permitted, but not required, to be taken by this Indenture shall not be construed as an obligation or duty to
do so; and 
 (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; provided, however, in the case of any such certificates or opinions
which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or
investigate the accuracy of mathematical calculations or other facts stated therein). 
 (c) The Trustee shall not be relieved from liability
for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (1) this
paragraph does not limit the effect of paragraph (b) of this Section 9.1; 
  

 37 

 (2) the Trustee shall not be liable for any error of judgment made in good faith by a
Trust Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee
shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 8.11 hereof. 
 (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 to take or omit to take any
action under this Indenture or at the request, order or direction of the Holders 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) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b), (c), (d), (f) and (g) of this Section 9.1. 
 (f) The Trustee shall not be liable for interest on any
assets received by it except as the Trustee may agree in writing with the Company (including without limitation to the extent the Trustee receives funds prior to the interest payment date in order to comply with the provisions of Section 6.1).
Assets held in trust by the Trustee need not be segregated from other assets except to the extent required by law. 
 (g) The Trustee shall
not be required to give any bond or surety with respect to the performance of its duties or the exercise of its powers under this Indenture. 
 SECTION 9.2.
RIGHTS OF TRUSTEE. 
 Subject to Section 9.1 hereof, with respect to Securities of any series: 
 (a) The Trustee may conclusively rely on any document reasonably believed by it to be genuine and to have been signed or presented by the proper Person.
The Trustee need not investigate any fact or matter stated in such document. 
 (b) Before the Trustee acts or refrains from acting, it may
consult with counsel and may require an Officers’ Certificate or an Opinion of Counsel, which shall conform to Sections 13.6 and 13.7 hereof, except as specifically provided herein. The Trustee shall not be liable for any action it takes or
omits to take in good faith in reliance on such certificate or advice of counsel. 
 (c) The Trustee may act through its attorneys and agents
and shall not be responsible for the misconduct or negligence of any agent appointed with due care. 
 (d) The Trustee shall not be liable
for any action it or its agent takes or omits to take in good faith which it reasonably believes to be authorized or within its rights or powers conferred upon it by this Indenture. 
  

 38 

 (e) The Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, notice, request, direction, consent, order, bond, debenture or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or
matters as it may see fit. 
 (f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this
Indenture at the request, order or direction of any of the Holders, pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses
and liabilities which may be incurred therein or thereby. 
 (g) Unless otherwise specifically provided for in this Indenture, any demand,
request, direction or notice from the Company shall be sufficient if signed by an Officer of the Company, as applicable. 
 (h) The Trustee
shall have no duty to inquire as to the performance of the Company’s covenants in Article VI hereof or as to the performance by any Agent of its duties hereunder. In addition, the Trustee shall not be deemed to have knowledge of any Default or
Event of Default except (i) any Event of Default occurring pursuant to Sections 8.1(i), 8.1(ii) and 6.1 hereof, or (ii) any Default or Event of Default of which the Trustee shall have received written notification or obtained actual
knowledge, and, with respect to this clause (ii), in the absence of any such notice or any such actual knowledge, the Trustee may conclusively assume that no Default or Event of Default exists. 
 (i) Whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking,
suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officers’ Certificate, an Opinion of Counsel, or both. 
 (j) The Trustee may request that the Issuer or the Company deliver an Officers’ Certificate setting forth the names of individuals and/or titles of
officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in
any such certificate previously delivered and not superseded. 
 SECTION 9.3. INDIVIDUAL RIGHTS OF TRUSTEE. 
 The Trustee in its individual or any other capacity may become the owner or pledgee of Securities of any series and may otherwise deal with the Company,
any of its Subsidiaries, or their respective Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee must comply with Sections 9.10 and 9.11 hereof. 
  

 39 

 SECTION 9.4. TRUSTEE’S DISCLAIMER. 
 The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities of any series, and it shall not be accountable for the Company’s use of the proceeds from the Securities, and
it shall not be responsible for any statement in the Securities of any series (other than the Trustee’s certificate of authentication) or in any prospectus or other disclosure materials distributed with respect to the Securities of any series
(other than information provided by the Trustee concerning the Trustee), or for the use or application of any funds received by a Paying Agent other than the Trustee. 
 SECTION 9.5. NOTICE OF DEFAULT. 
 If a Default or an Event of Default occurs and is continuing with respect
to Securities of any series and if it is known to the Trustee, the Trustee shall mail to each Holder of that series notice of the uncured Default or Event of Default within 90 days after such Default or Event of Default occurs. 
 SECTION 9.6. REPORTS BY TRUSTEE TO HOLDERS. 
 Within 60 days
after each March 15 beginning with the March 15 following the date of this Indenture, the Trustee shall, if required by law, mail to each Holder a brief report dated as of such March 15 that complies with TIA § 313(a). The
Trustee also shall comply with TIA §§ 313(b) and 313(c). 
 The Company shall promptly notify the Trustee in writing if the
Securities of any series become listed on any stock exchange or automated quotation system or of any delisting thereof. 
 A copy of each
report at the time of its mailing to Holders shall be mailed to the Company and filed with the SEC and each stock exchange, if any, on which any Securities are listed. 
 SECTION 9.7. COMPENSATION AND INDEMNITY. 
 The Company agrees to pay to the Trustee (in its capacity as such)
from time to time such compensation for its services as the Company and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The
Company shall reimburse the Trustee upon request for all reasonable disbursements, expenses and advances incurred or made by it in accordance with this Indenture. Such expenses shall include the reasonable compensation, disbursements and expenses of
the Trustee’s agents, accountants, experts and counsel. 
 The Company agrees to indemnify the Trustee (in its capacity as Trustee) and
each predecessor Trustee and each of its officers, directors, attorneys-in-fact and agents for, and hold it harmless against, any claim, demand, expense (including but not limited to reasonable compensation, disbursements and expenses of the
Trustee’s agents and counsel), loss or liability incurred by it without negligence, willful misconduct or bad faith on the part of the Trustee, arising out of or in connection with the acceptance and the administration of this trust and its

  

 40 

 rights or duties hereunder, including the reasonable costs and expenses of defending itself against any claim or
liability in connection with the exercise or performance of any of its powers or duties hereunder. The Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity; provided,
however, that any failure to so notify the Company shall not relieve the Company of its indemnity obligations hereunder. The Company shall defend the claim and the Trustee shall provide reasonable cooperation at the Company’s expense in
the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel; provided that the Company will not be required to pay such fees and expenses if they assume the Trustee’s
defense and if the Trustee is advised by its counsel that there is no conflict of interest between the Company and the Trustee in connection with such defense. The Company need not pay for any settlement made without their written consent, which
shall not be unreasonably withheld. The Company need not reimburse any expense or indemnify against any loss or liability to the extent incurred by the Trustee through its negligence, bad faith or willful misconduct. 
 When the Trustee incurs expenses or renders services after an Event of Default specified in Section 8.1(v) or (vi) of this Indenture occurs,
the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 The
Company’s obligations under this Section 9.7 shall survive the resignation or removal of the Trustee, the discharge of the Company’s obligations pursuant to Article X of this Indenture and any rejection or termination of this
Indenture under any Bankruptcy Law. 
 SECTION 9.8. REPLACEMENT OF TRUSTEE. 
 The Trustee may resign by so notifying the Company in writing. The Holder or Holders of a majority in aggregate principal amount of the outstanding Securities of any series may remove the Trustee with respect to that
series by so notifying the Company and the Trustee in writing and may appoint a successor trustee with the Company’s consent. The Company may remove the Trustee with respect to any series of Securities if: 
 (a) the Trustee fails to comply with Section 9.10 hereof; 
 (b) the Trustee is adjudged bankrupt or insolvent; 
 (c) a receiver, Custodian or other public officer takes
charge of the Trustee or its property; or 
 (d) the Trustee becomes incapable of acting. 
 If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason with respect to Securities of any series, the Company
shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holder or Holders of a majority in principal amount of that series of Securities may appoint a successor Trustee to replace the successor
Trustee appointed by the Company. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to
the Company. Immediately after that and, provided that all sums owing to 
  

 41 

 the retiring Trustee provided for in Section 9.7 hereof have been paid, the retiring Trustee shall transfer all
property held by it as trustee to the successor Trustee, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. A
successor Trustee shall mail notice of its succession to each Holder of the affected series. 
 If a successor Trustee does not take office
within 60 days after the retiring Trustee resigns or is removed with respect to Securities of any series, the retiring Trustee (at the Company’s cost and expense), the Company or the Holder or Holders of at least 10% in aggregate principal
amount of the outstanding Securities of that series may petition any court of competent jurisdiction for the appointment of a successor Trustee. 
 If the Trustee fails to comply with Section 9.10 hereof, any Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 Notwithstanding replacement of the Trustee pursuant to this Section 9.8, the Company’s obligations under Section 9.7 hereof shall continue
for the benefit of the retiring Trustee. 
 SECTION 9.9. SUCCESSOR TRUSTEE BY MERGER, ETC. 
 If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation,
the resulting, surviving or transferee corporation without any further act shall, if such resulting, surviving or transferee corporation is otherwise eligible hereunder, be the successor Trustee. 
 SECTION 9.10. ELIGIBILITY; DISQUALIFICATION. 
 The Trustee
shall at all times satisfy the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall have a combined capital and surplus of at least $50,000,000, as set forth in its most recent published annual report of condition. The Trustee
shall comply with TIA § 310(b). 
 SECTION 9.11. PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY. 
 The Trustee shall comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been
removed shall be subject to TIA § 311(a) to the extent indicated. 
  

 42 

 ARTICLE X 
 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
 SECTION 10.1. OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE.

 The Company may elect to have Section 10.2, at the Company’s option and at any time, or Section 10.3, at the Company’s
option and at any time, of this Indenture applied to all Outstanding Securities of any series upon compliance with the conditions set forth below in this Article X. 
 SECTION 10.2. LEGAL DEFEASANCE AND DISCHARGE. 
 Upon the Company’s exercise under Section 10.1
hereof of the option applicable to this Section 10.2 with respect to the Outstanding Securities of any series, the Company and any guarantor of the Securities shall be deemed to have been discharged from its obligations with respect to all
Outstanding Securities as to which this option provided in Section 10.1 is exercised, on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means
that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities, and this Indenture shall cease to be of further effect as to all such Outstanding Securities, except as to be deemed to
be Outstanding only for the purposes of the Sections of this Indenture referred to in (a) and (b) below, and the Company and any guarantor of the Securities shall be deemed to have satisfied all other of its obligations under such
Outstanding Securities and this Indenture with respect to such Securities (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following which shall survive until
otherwise terminated or discharged hereunder: (a) the rights of Holders of Outstanding Securities to receive payments in respect of the principal of, premium, if any, and interest on such Securities when such payments are due from the trust
described in Section 10.5, (b) the Company’s obligations with respect to such Securities under Sections 3.4, 3.5, 3.6, 3.7, 3.8, 3.10, 6.2, 10.5, 10.6 and 10.7 hereof, and (c) the rights, powers, trusts, duties and immunities of
the Trustee hereunder, and the Company’s obligations in connection therewith. Subject to compliance with this Article X, the Company may exercise its option under this Section 10.2 notwithstanding the prior exercise of its option under
Section 10.3 hereof with respect to such Securities. 
 SECTION 10.3. COVENANT DEFEASANCE. 
 Upon the Company’s exercise under Section 10.1 hereof of the option applicable to this Section 10.3 with respect to the Outstanding
Securities of any series, the Company and any guarantor of the Securities shall be released from its obligations under any covenants provided pursuant to Section 3.1(18) and the covenants contained in Sections 6.5, 6.7 and Article VII hereof
with respect to all Outstanding Securities as to which this option provided in Section 10.1 is exercised, on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and such
Outstanding Securities shall thereafter be deemed not Outstanding for the purposes of any direction, waiver, consent or declaration or act of Holders 
  

 43 

 (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed Outstanding for
all other purposes hereunder. For this purpose, such Covenant Defeasance means that, with respect to the Outstanding Securities of any series as to which the Covenant Defeasance has occurred, the Company and any guarantor of the Securities shall not
need to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant with respect to such Securities, whether directly or indirectly, by reason of any reference elsewhere herein to any such
covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 8.1(iv) with respect to such
Securities, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. 
 SECTION 10.4. CONDITIONS TO
LEGAL OR COVENANT DEFEASANCE. 
 The following shall be the conditions to the application of either Section 8.2 or 8.3 hereof to any
Securities or any series of Securities, as the case may be, to be defeased: 
 (a) (i) The Company shall irrevocably deposit with the
Trustee, in trust, for the benefit of the Holders of the Securities as to which Legal Defeasance or Covenant Defeasance will occur, U.S. legal tender, U.S. Government Obligations, a combination thereof, or other obligations as may be provided as
contemplated by Section 3.1(15) with respect to such Securities, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, and interest on
such Securities on the stated date for payment thereof or on the redemption date of such principal or installment of principal of, premium, if any, or interest on such Securities, and the Holders of such Securities must have a valid, perfected,
exclusive security interest in such trust; (ii) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an opinion of counsel in the United States reasonably acceptable to the Trustee confirming that: (A) the
Company has received from, or there has been published by the Internal Revenue Service, a ruling or (B) since the date of this Indenture, there has been a change in the applicable federal income tax law, in either case to the effect that, and
based thereon such opinion of counsel shall confirm that, the Holders of such Securities will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; (iii) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee an opinion of counsel in the
United States reasonably acceptable to such Trustee confirming that the Holders of such Securities will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income
tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; (iv) no Default or Event of Default with respect to such Securities shall have occurred and be
continuing on the date of such deposit or insofar as Events of Default from bankruptcy or insolvency events are concerned, at any time in the period ending on the 91st day after the date of deposit; (v) such Legal Defeasance or Covenant
Defeasance shall not result in a breach or violation of, or constitute a default under this Indenture or any other material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its
Subsidiaries is bound; (vi) the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was 
  

 44 

 not made by the Company with the intent of preferring the Holders of such Securities over any other creditors of the
Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company or others; and (vii) the Company shall have delivered to the Trustee an Officers’ Certificate and an opinion of counsel, each
stating that the conditions precedent provided for in, in the case of the Officers’ Certificate, (i) through (vi) and, in the case of the opinion of counsel, clauses (i) (with respect to the validity and perfection of the
security interest), (ii), (iii) and (v) of this paragraph have been complied with and the Company shall have delivered to the Trustee an Officers’ Certificate, subject to such qualifications and exceptions as the Trustee deems
appropriate, to the effect that, assuming no Holder of such Securities is an insider of the Company, the trust funds will not be subject to the effect of any applicable Federal bankruptcy, insolvency, reorganization or similar laws affecting
creditors’ rights generally. The Defeasance will be effective on the earlier of (i) the 91st day after the date of deposit, and (ii) the day on which all the conditions above have been satisfied. 
 (b) If the funds deposited with the Trustee to effect Covenant Defeasance are insufficient to pay the principal of, premium, if any, and interest on the
Securities to be so defeased when due, then the obligations of the Company under this Indenture with respect to such Securities will be revived and no such defeasance will be deemed to have occurred. 
 SECTION 10.5. DEPOSITED CASH AND U.S. GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS. 
 Subject to Section 10.6 hereof, all cash and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other
qualifying trustee, collectively for purposes of this Section 10.5, the “Paying Agent”) pursuant to Section 10.4 hereof in respect of any Securities to be defeased shall be held in trust and applied by the Paying Agent, in
accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any other Paying Agent as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in
respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 10.4 or the principal and interest received in respect
thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such Securities. 
 SECTION 10.6. REPAYMENT TO THE
COMPANY. 
 (a) Anything in this Article X to the contrary notwithstanding, the Trustee or the Paying Agent shall deliver or pay to the
Company from time to time upon the request of the Company any cash or U.S. Government Obligations held by it as provided in Section 10.4 hereof which, in the opinion of a nationally recognized firm of independent public accountants expressed in
a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 10.4(a) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance
or Covenant Defeasance. 
  

 45 

 (b) Any cash and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee
or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on any Securities and remaining unclaimed for two years after such principal, and premium, if any, or interest has become
due and payable shall be paid to the Company on its request; and the Holder of such Security shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money shall
thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in the New York Times and The Wall
Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money
then remaining will be repaid to the Company. 
 SECTION 10.7. REINSTATEMENT. 
 If the Trustee or Paying Agent is unable to apply any cash or U.S. Government Obligations in accordance with Section 10.2 or 10.3 hereof, as the case may be, of this Indenture by reason of any order or judgment
of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture with respect to such Securities affected and such Securities shall be revived and
reinstated as though no deposit had occurred pursuant to Section 10.2 or 10.3 hereof until such time as the Trustee or Paying Agent is permitted to apply such money in accordance with Sections 10.2 and 10.3 hereof, as the case may be;
provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any such Security following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such
Securities to receive such payment from the cash or U.S. Government Obligations held by the Trustee or Paying Agent. 
 ARTICLE XI

 AMENDMENTS, SUPPLEMENTS AND WAIVERS 
 SECTION 11.1. SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS. 
 Without the consent of any Holder of any Securities, the
Company, when authorized by Board Resolutions, and the Trustee, at any time and from time to time, may enter into one or more Supplemental Indentures hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (1) to cure any ambiguity, defect, or inconsistency; 
 (2) to add to the covenants of the Company such further covenants, restrictions or conditions for the benefit of the Holders of Securities
of all or any series (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of that series or 
  

 46 

 those series specified in such Supplemental Indenture), and to make the occurrence, or the occurrence and
continuance, of a Default in any such additional covenants, restrictions or conditions a Default or an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth (and if such
additional Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of Default are expressly being included solely for the benefit of that series or those series specified in such
Supplemental Indenture); 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 allowed in the case of other Defaults, but shall not exceed 90 days) or may provide for any immediate enforcement upon such Default or may limit the remedies available to be exercised by the Trustee in its discretion upon such Default
but may not limit the remedies available to be exercised by the Holders; 
 (3) to add to or change any of the provisions of
this Indenture to such extent as shall be necessary to permit or facilitate the issuance of Securities in uncertificated form; 
 (4) to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities; provided that any such addition, change or elimination (A) shall neither (i) apply to any Security
of any series created prior to the execution of such Supplemental Indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become
effective only when there is no such Security Outstanding; 
 (5) to provide for collateral for or guarantors of the
Securities of any series; 
 (6) to evidence the succession of another Person to the Company, and the assumption by any such
successor of the obligations of the Company, herein and in the Securities in accordance with Article VII; 
 (7) to modify,
eliminate or add to the provisions of this Indenture to comply with the TIA; 
 (8) to evidence and provide for the acceptance
of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts
hereunder by more than one Trustee, pursuant to the requirements of Section 9.8; 
 (9) to establish the form or terms of
Securities of any series as permitted by Section 2.1 and 3.1; 
 (10) to add to or change any of the provisions of this
Indenture with respect to any Securities that by their terms may be converted into securities or other property other than Securities of the same series and of like tenor, in order to permit or facilitate the issuance, payment or conversion of such
Securities; 
  

 47 

 (11) to comply with the rules or regulations of any securities exchange or automated
quotation system on which any of the Securities may be listed or traded; or 
 (12) to provide for the payment by the Company
of additional amounts in respect of taxes imposed on certain Holders and for the treatment of such additional amounts as interest and for all matters incidental thereto. 
 SECTION 11.2. AMENDMENTS, SUPPLEMENTAL INDENTURES AND WAIVERS WITH CONSENT OF HOLDERS. 
 Subject to
Section 8.8 hereof, with the consent of the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of each series affected thereby (including consents obtained in connection with a tender offer or
exchange offer for such Securities), by written act of said Holders delivered to the Company and the Trustee, the Company, when authorized by Board Resolutions, and the Trustee for Securities of each such series may amend or supplement this
Indenture or enter into one or more Supplemental Indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of the
Securities of that series under this Indenture or the applicable Securities. Subject to Section 8.8, the Holder or Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of each series may waive
compliance by the Company with any provision of this Indenture or such Securities with respect to such series. Notwithstanding any of the above, however, no such amendment, Supplemental Indenture or waiver shall, without the consent of the Holder of
each Outstanding Security affected thereby: 
 (1) change the Stated Maturity of the principal of, or any installment of
principal of or interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security or any
other Security which would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 8.2, or change any Place of Payment where, or the coin or currency in which, any such Security or any premium or the
interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date); or 
 (2) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for
any such amendment, Supplemental Indenture or waiver provided for in this Indenture; 
 (3) modify any of the waiver
provisions, except to increase any required percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each outstanding Security affected thereby; 
 (4) cause such Security to become subordinate in right of payment to any other Debt, except to the extent provided in the terms of such
Security; 
  

 48 

 (5) release any guarantor of the Securities from its guarantee of a Security, or, except
as contemplated in any Supplemental Indenture, make any change in a guarantee of a Security that would adversely affect the interests of the Holders; or 
 (6) if any Security provides that the Holder may require the Company to repurchase or convert such Security, impair such Holder’s right to require repurchase or conversion of such Security on the terms provided
therein. 
 A Supplemental Indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely
for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of that series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture
of the Holders of Securities of any other series. 
 It shall not be necessary for the consent of the Holders under this Section 11.2 to
approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment, supplement or waiver under this Section becomes effective, the Company shall mail to the Holders affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the
Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such Supplemental Indenture or waiver. 
 After an amendment, supplement or waiver under this Section 11.2 or under Section 11.4 hereof becomes effective, it shall bind each Holder. 
 In connection with any amendment, supplement or waiver under this Article XI, the Company may, but shall not be obligated to, offer to any Holder who
consents to such amendment, supplement or waiver, or to all Holders, consideration for such Holder’s consent to such amendment, supplement or waiver. 
 SECTION 11.3. COMPLIANCE WITH TIA. 
 Every amendment, waiver or supplement of this Indenture or the Securities shall comply with the
TIA as then in effect. 
 SECTION 11.4. REVOCATION AND EFFECT OF CONSENTS. 
 Until an amendment, waiver or supplement becomes effective with respect to any Security of any series, a consent to it by a Holder of that series is a continuing consent by such Holder and every subsequent Holder of
such Security or portion of such Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any such Security. However, any such Holder or subsequent Holder may revoke the consent
as to such Security or portion of such Security by written notice to the Company or the Person designated by the Company as the Person to whom consents should be sent if such revocation is received by the Company or such Person before the date on
which the Trustee receives an Officers’ Certificate certifying that the Holders of the requisite principal amount of the Outstanding Securities affected have consented (and not theretofore revoked such consent) to the amendment, supplement or
waiver. 
  

 49 

 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the
Holders entitled to consent to any amendment, supplement or waiver, which record date shall be the date so fixed by the Company notwithstanding the provisions of the TIA. If a record date is fixed, then notwithstanding the last sentence of the
immediately preceding paragraph, those Persons who were Holders at such record date, and only those Persons (or their duly designated proxies), shall be entitled to revoke any consent previously given, whether or not such Persons continue to be
Holders after such record date. 
 After an amendment, supplement or waiver becomes effective, it shall bind every Holder of the Security of
the affected series, unless it makes a change described in any of clauses (1) through (6) of Section 11.2 hereof, in which case, the amendment, supplement or waiver shall bind only each Holder of a Security of that series who has
consented to it and every subsequent Holder of such Security or portion of such Security that evidences the same debt as the consenting Holder’s Security; provided that any such waiver shall not impair or affect the right of any Holder
of that series to receive payment of principal and premium of and interest on such Security, on or after the respective dates set for such amounts to become due and payable expressed in such Security, or to bring suit for the enforcement of any such
payment on or after such respective dates. 
 SECTION 11.5. NOTATION ON OR EXCHANGE OF SECURITIES. 
 Securities of any series authenticated and delivered after the execution of any Supplemental Indenture pursuant to this Article may, and shall if required
by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such Supplemental Indenture. If an amendment, supplement or waiver changes the terms of a Security of any series, the Trustee may require such Holder of
the Security of that series to deliver it to the Trustee or require such Holder to put an appropriate notation on such Security. The Trustee may place an appropriate notation on such Security about the changed terms and return it to such Holder.
Alternatively, if the Company or the Trustee so determines, the Company in exchange for the affected Security shall issue and the Trustee shall authenticate a new Security of the same series that reflects the changed terms. Any failure to make the
appropriate notation or to issue a new Security shall not affect the validity of such amendment, supplement or waiver. 
 SECTION 11.6. TRUSTEE TO SIGN
AMENDMENTS, ETC. 
 The Trustee shall execute any amendment, supplement or waiver authorized pursuant to this Article XI; provided that
the Trustee may, but shall not be obligated to, execute any such amendment, supplement or waiver which affects the Trustee’s own rights, duties or immunities under this Indenture. The Trustee shall be entitled to receive, and shall be fully
protected in relying upon an Opinion of Counsel stating that the execution of any amendment, supplement or waiver authorized pursuant to this Article XI is authorized or permitted by this Indenture. 
  

 50 

 ARTICLE XII 
 SATISFACTION AND DISCHARGE 
 SECTION 12.1. SATISFACTION AND DISCHARGE OF INDENTURE. 
 This Indenture shall upon Company Request cease to be of further effect with respect to any series of Securities specified in such Company Request (except
as to any surviving rights of registration of transfer or exchange of Securities of such series herein expressly provided for and any right to receive additional amounts, as provided pursuant to Section 11.1(12)), and the Trustee, upon receipt
of a Company Order, and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series when 
 (1) either 
 (A) all Securities of such series theretofore authenticated and delivered (other than Securities
of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.8) have been delivered to the Trustee for cancellation pursuant to Section 3.12; or 
 (B) all Securities of such series not theretofore delivered to the Trustee for cancellation 
 (i) have become due and payable, or 
 (ii) will become due and payable at their Stated Maturity within one year, or 
 (iii) if
redeemable at the option of the Company, are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, and the
Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose an amount in the currency or currencies, currency unit or units or composite
currency or currencies in which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal (and premium if any) and
interest, and any additional amounts owing with respect thereto, to the date of such deposit (in the case of Securities which have become due and payable) or the Stated Maturity or Redemption Date, as the case may be; 
 (2) The Company has paid or caused to be paid all other sums payable hereunder by the Company; and 
  

 51 

 (3) The Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee and any predecessor Trustee under Section 9.7 shall survive, and, if money shall have been deposited
with and held by the Trustee pursuant to this Section 12.1, the obligations of the Trustee under Section 12.2 shall survive. 
 In
the event that there are Securities of two or more series outstanding hereunder, the Trustee shall be required to execute an instrument acknowledging satisfaction and discharge of this Indenture only if requested in writing to do so with respect to
Securities of a particular series as to which it is Trustee and if the other conditions thereto are met. 
 SECTION 12.2. APPLICATION OF TRUST FUNDS.

 All money deposited with the Trustee pursuant to Section 12.1 shall be held in trust and applied by it, in accordance with the
provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto of the principal (and
premium if any) and any interest for whose payment such money has been deposited with or received by the Trustee, but such money need not be segregated from other funds except to the extent required by law. 
 ARTICLE XIII 
 MISCELLANEOUS

 SECTION 13.1. TIA CONTROLS. 
 If any
provision of this Indenture limits, qualifies, or conflicts with the duties imposed by operation of the TIA, the imposed duties, upon qualification of this Indenture under the TIA, shall control. If any provision of this Indenture modifies or
excludes any provision of the TIA which 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 13.2. FORM OF DOCUMENTS DELIVERED TO TRUSTEE. 
 In
any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so
certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters
in one or several documents. 
 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters,
upon a certificate or opinion of, or representations by, counsel, unless such 
  

 52 

 officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with
respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of, or representation by, counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or
representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that the
certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is required to make, give or
execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 SECTION 13.3. ACTS OF HOLDERS; RECORD DATES. 
 Any request,
demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed
by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby
expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of
execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 9.1) conclusive in favor of the Trustee and the Company, if made in the manner provided in
this Section. 
 The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a
witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where
such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or
the authority of the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 The ownership
of Securities shall be proved by the Security Register. 
 Any request, demand, authorization, direction, notice, consent, waiver or other
Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted
or suffered to be done by the Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 The Company may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other
action provided or permitted 
  

 53 

 by this Indenture to be given, made or taken by Holders of Securities of that series; provided that the Company
may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If any record date is set pursuant to this
paragraph, the Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to take the relevant action, whether or not such Holders remain Holders after such record date; provided that
no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of that series on such record date. Nothing in this paragraph shall be
construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person
be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken.
Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to
each Holder of Securities of the relevant series in the manner set forth in Section 13.4. 
 The Trustee may set any day as a record
date for the purpose of determining the Holders of Outstanding Securities of any series entitled to join in the giving or making of (i) any notice of default pursuant to Section 9.5, (ii) any declaration of acceleration referred to in
Section 8.2, (iii) any request to institute proceedings referred to in Section 8.7(B) or (iv) any direction referred to in Section 8.11, in each case with respect to Securities of that series. If any record date is set
pursuant to this paragraph, the Holders of Outstanding Securities of that series on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after
such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of that series on such record date.
Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the
relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable
Expiration Date to be given to the Company in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 13.4. 
 With respect to any record date set pursuant to this Section, the party hereto which sets such record dates may designate any day as the “Expiration Date” and from time to time may change the
Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the relevant
series in the manner set forth in Section 13.4, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this Section, the party hereto which set such record date

  

 54 

 shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect
thereto, subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 
 Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so with regard to
all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 
 SECTION 13.4. NOTICES 
 Any notices or other communications
required or permitted hereunder shall be in writing, and shall be sufficiently given if made by hand delivery, by telex, by telecopier, recognized overnight courier or registered or certified mail, postage prepaid, return receipt requested, and
addressed as follows: 
 if to the Company: 
 Gold Kist Inc. 
 244 Perimeter Center Parkway, N.E. 
 Atlanta, Georgia 30346 
 Attention: Mr. Stephen O. West 
 Telecopy: (770) 393-5421 
 with a copy to: 
 Alston & Bird LLP 
 One Atlantic Center 
 1201 West Peachtree Street 
 Atlanta, Georgia 30309 
 Attention: William Scott Ortwein 
 Telecopy: (404) 881-4777 
 if to the Trustee: 
 U.S. Bank National Association 
 1360 Peachtree Street NE 
 Suite 1105 
 Atlanta, GA 30309 
 Attention: J. David Dever 
 Telecopy: (404) 365-7946 
 Any party by notice to each other party may designate additional or
different addresses as shall be furnished in writing by such party. Any notice or communication to any party shall be deemed to have been given or made as of the date so delivered, if personally delivered; when answered back, if telexed; when
receipt is acknowledged, if telecopied; the next Business Day after timely delivery to a recognized overnight courier, if sent by such courier 
  

 55 

 guaranteeing next day delivery; and five Business Days after mailing if sent by registered or certified mail, postage
prepaid (except that a notice of change of address shall not be deemed to have been given until actually received by the addressee). 
 Any
notice or communication mailed to a Holder shall be mailed to it by first class mail or other equivalent means at its address as it appears on the registration books of the Registrar and shall be sufficiently given to such Holder if so mailed within
the time prescribed. 
 Where this Indenture provides for Notice of any event to a Holder of a Global Security, such notice shall be
sufficiently given if given to the Depositary for such Security (or its designee), pursuant to its Applicable Procedures, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such
notice. 
 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other
Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 
 SECTION 13.5.
COMMUNICATIONS BY HOLDERS WITH OTHER HOLDERS. 
 Holders of any Security may communicate pursuant to TIA §312(b) with other Holders of
that series with respect to their rights under this Indenture or the applicable Securities. The Company, the Trustee, the Registrar and any other Person shall have the protection of TIA §312(c). 
 SECTION 13.6. CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT. 
 Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
 (1) an Officers’ Certificate (in form and substance reasonably satisfactory to the Trustee) stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating
to the proposed action have been met; and 
 (2) an Opinion of Counsel (in form and substance reasonably satisfactory to the
Trustee) stating that, in the opinion of such counsel, all such conditions precedent have been met; 
 provided,
however, that no such opinion shall be required in connection with the issuance of Securities of any series. 
 SECTION 13.7. STATEMENTS REQUIRED IN
CERTIFICATE OR OPINION. 
 Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture
shall include: 
 (1) a statement that the Person making such certificate or opinion has read such covenant or condition;

  

 56 

 (2) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion
of such Person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been met; and 
 (4) a statement as to whether or not, in the opinion of each such Person, such condition or covenant has been met; provided,
however, that, with respect to matters of fact, an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public officials. 
 SECTION 13.8. RULES BY TRUSTEE, PAYING AGENT, REGISTRAR. 
 The Trustee may make reasonable rules for action by or at a meeting of
Holders. The Paying Agent or Registrar may make reasonable rules for its functions. 
 SECTION 13.9. LEGAL HOLIDAYS. 
 Unless otherwise provided as contemplated by Section 3.1 with respect to Securities of any series, in any case where any Interest Payment Date,
Redemption Date, Maturity of any Security, Stated Maturity or any date on which a Holder has the right to convert his Security, shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of
the Securities (other than a provision of any Security which specifically states that such provision shall apply in lieu of this Section)) payment of interest or principal (and premium, if any), or conversion of such Security need not be made at
such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Maturity or the Stated Maturity, or
on such date for conversion, as the case may be. 
 SECTION 13.10. GOVERNING LAW. 
 THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE
AND PERFORMED WITHIN THE STATE OF NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND RULE 327(b) OF THE NEW YORK CIVIL PRACTICE LAWS AND RULES. THE COMPANY HEREBY IRREVOCABLY SUBMITS TO
THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS INDENTURE AND THE SECURITIES, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS. THE COMPANY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT

  

 57 

 MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE
OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE TRUSTEE OR ANY
HOLDER TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE COMPANY IN ANY OTHER JURISDICTION. 
 SECTION 13.11. NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS. 
 This Indenture may not be used to interpret another indenture, loan
or debt agreement of the Company or any of its Subsidiaries. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 SECTION 13.12. NO RECOURSE AGAINST OTHERS. 
 No direct or indirect stockholder, employee, officer or director, as such, past,
present or future, of the Company, or any successor entity, shall have any personal liability in respect of the obligations of the Company under this Indenture or the Securities solely by reason of his or its status as such stockholder, employee,
officer or director. Each Holder by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of any Security. 
 SECTION 13.13. BENEFITS OF INDENTURE. 
 Nothing in this Indenture or in the Securities, express or implied,
shall give to any Person, other than the parties hereto, any Security Registrar, any Paying Agent, and their successors hereunder, and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 SECTION 13.14. SUCCESSORS. 
 All agreements of the Company in
this Indenture and any Security shall bind its successor. All agreements of the Trustee in this Indenture shall bind its successor. 
 SECTION 13.15.
DUPLICATE ORIGINALS. 
 All parties may sign any number of copies or counterparts of this Indenture. Each signed copy or counterpart shall be
an original, but all of them together shall represent the same agreement. 
 SECTION 13.16. SEVERABILITY. 
 In case any one or more of the provisions in this Indenture or in any Security shall be held invalid, illegal or unenforceable, in any respect for any
reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be
enforceable to the full extent permitted by law. 
  

 58 

 SECTION 13.17. TABLE OF CONTENTS, HEADINGS, ETC. 
 The Table of Contents, Cross-Reference Table and headings of the Articles and the 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. 
  

 59 

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

			
	 GOLD KIST INC.,
 a Delaware
corporation

		
	By:	 	  

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

		
	By:	 	  

	Name:	 	
	Title:	 	

  

 60

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]