Document:

Form of Debt Indenture

 Exhibit 4.3 
 [Form of Indenture] 
  

 
 ORBCOMM INC. 

AND 

[                    ], 

as Trustee 
  

 
 INDENTURE

 Dated as of 
 [            ], 20[    ] 
  

 
 Debt Securities

  
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	 	1	  
		
	 Section 1.01 Definitions.
	  	 	1	  
	 Section 1.02 Compliance Certificates and Opinions.
	  	 	8	  
	 Section 1.03 Form of Documents Delivered to Trustee.
	  	 	8	  
	 Section 1.04 Acts of Securityholders.
	  	 	9	  
	 Section 1.05 Notices, etc., to Trustee and Company.
	  	 	10	  
	 Section 1.06 Notices to Securityholders; Waiver.
	  	 	10	  
	 Section 1.07 Conflict with Trust Indenture Act.
	  	 	11	  
	 Section 1.08 Effect of Headings and Table of Contents.
	  	 	11	  
	 Section 1.09 Successors and Assigns.
	  	 	11	  
	 Section 1.10 Separability Clause.
	  	 	11	  
	 Section 1.11 Benefits of Indenture.
	  	 	11	  
	 Section 1.12 Governing Law.
	  	 	11	  
	 Section 1.13 Payments Due on Non-Business Days.
	  	 	11	  
		
	 ARTICLE TWO FORMS OF SECURITIES
	  	 	12	  
		
	 Section 2.01 Forms Generally.
	  	 	12	  
	 Section 2.02 Form of Trustee’s Certificate of Authentication.
	  	 	12	  
	 Section 2.03 Global Securities.
	  	 	13	  
		
	 ARTICLE THREE THE SECURITIES
	  	 	13	  
		
	 Section 3.01 Amount Unlimited; Issuable in Series.
	  	 	13	  
	 Section 3.02 Denominations.
	  	 	17	  
	 Section 3.03 Execution, Authentication, Delivery and Dating.
	  	 	17	  
	 Section 3.04 Temporary Securities.
	  	 	19	  
	 Section 3.05 Registration, Registration of Transfer and Exchange.
	  	 	19	  
	 Section 3.06 Mutilated, Destroyed, Lost and Stolen Securities.
	  	 	22	  
	 Section 3.07 Payment of Interest; Interest Rights Preserved; Optional Interest Reset.
	  	 	23	  
	 Section 3.08 Persons Deemed Owners.
	  	 	25	  
	 Section 3.09 Cancellation.
	  	 	25	  
	 Section 3.10 Optional Extension of Maturity.
	  	 	26	  
		
	 ARTICLE FOUR SATISFACTION AND DISCHARGE
	  	 	27	  
		
	 Section 4.01 Satisfaction and Discharge of Indenture.
	  	 	27	  
	 Section 4.02 Application of Trust Money.
	  	 	28	  

  
 i 

					
	 ARTICLE FIVE REMEDIES
	  	 	29	  
		
	 Section 5.01 Events of Default.
	  	 	29	  
	 Section 5.02 Acceleration of Maturity; Rescission and Annulment.
	  	 	30	  
	 Section 5.03 Collection of Indebtedness and Suits for Enforcement by Trustee.
	  	 	31	  
	 Section 5.04 Trustee May File Proofs of Claim.
	  	 	31	  
	 Section 5.05 Trustee May Enforce Claims Without Possession of Securities.
	  	 	32	  
	 Section 5.06 Application of Money Collected.
	  	 	32	  
	 Section 5.07 Limitation on Suits.
	  	 	33	  
	 Section 5.08 Unconditional Right of Securityholders to Receive Principal, Premium and Interest.
	  	 	33	  
	 Section 5.09 Restoration of Rights and Remedies.
	  	 	34	  
	 Section 5.10 Rights and Remedies Cumulative.
	  	 	34	  
	 Section 5.11 Delay or Omission Not Waiver.
	  	 	34	  
	 Section 5.12 Control by Securityholders.
	  	 	34	  
	 Section 5.13 Waiver of Past Defaults.
	  	 	35	  
	 Section 5.14 Undertaking for Costs.
	  	 	35	  
	 Section 5.15 Waiver of Stay or Extension Laws.
	  	 	35	  
		
	 ARTICLE SIX THE TRUSTEE
	  	 	36	  
		
	 Section 6.01 Certain Duties and Responsibilities.
	  	 	36	  
	 Section 6.02 Notice of Default.
	  	 	37	  
	 Section 6.03 Certain Rights of Trustee.
	  	 	37	  
	 Section 6.04 Not Responsible for Recitals or Issuance of Securities.
	  	 	38	  
	 Section 6.05 May Hold Securities.
	  	 	38	  
	 Section 6.06 Money Held in Trust.
	  	 	39	  
	 Section 6.07 Compensation and Reimbursement.
	  	 	39	  
	 Section 6.08 Disqualification; Conflicting Interests.
	  	 	39	  
	 Section 6.09 Corporate Trustee Required; Eligibility.
	  	 	39	  
	 Section 6.10 Resignation and Removal; Appointment of Successor.
	  	 	40	  
	 Section 6.11 Acceptance of Appointment by Successor.
	  	 	41	  
	 Section 6.12 Merger, Conversion, Consolidation or Succession to Business of Trustee.
	  	 	42	  
	 Section 6.13 Preferential Collection of Claims Against Company.
	  	 	42	  
	 Section 6.14 Appointment of Authenticating Agent.
	  	 	43	  
		
	 ARTICLE SEVEN SECURITYHOLDERS LIST AND REPORTS BY TRUSTEE AND COMPANY
	  	 	44	  
		
	 Section 7.01 Company to Furnish Trustee Names and Addresses of Securityholders.
	  	 	44	  
	 Section 7.02 Preservation of Information; Communications to Securityholders.
	  	 	44	  
	 Section 7.03 Reports by Trustee.
	  	 	45	  
	 Section 7.04 Reports by Company.
	  	 	45	  

  
 ii 

					
	 ARTICLE EIGHT CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER
	  	 	46	  
		
	 Section 8.01 Company May Consolidate, etc., Only on Certain Terms.
	  	 	46	  
	 Section 8.02 Successor Corporation Substituted.
	  	 	46	  
		
	 ARTICLE NINE SUPPLEMENTAL INDENTURES
	  	 	47	  
		
	 Section 9.01 Supplemental Indentures Without Consent of Securityholders.
	  	 	47	  
	 Section 9.02 Supplemental Indentures with Consent of Securityholders.
	  	 	48	  
	 Section 9.03 Execution of Supplemental Indentures.
	  	 	49	  
	 Section 9.04 Effect of Supplemental Indentures.
	  	 	49	  
	 Section 9.05 Conformity with Trust Indenture Act.
	  	 	49	  
	 Section 9.06 Reference in Securities to Supplemental Indentures.
	  	 	49	  
		
	 ARTICLE TEN COVENANTS
	  	 	50	  
		
	 Section 10.01 Payment of Principal, Premium and Interest.
	  	 	50	  
	 Section 10.02 Maintenance of Offices or Agencies.
	  	 	50	  
	 Section 10.03 Money for Securities Payments to be Held in Trust.
	  	 	50	  
	 Section 10.04 Statement as to Compliance.
	  	 	52	  
	 Section 10.05 Waiver of Covenants.
	  	 	52	  
	 Section 10.06 Defeasance of Certain Obligations.
	  	 	52	  
	 Section 10.07 Additional Amounts.
	  	 	54	  
		
	 ARTICLE ELEVEN REDEMPTION OF SECURITIES
	  	 	54	  
		
	 Section 11.01 Right of Redemption.
	  	 	54	  
	 Section 11.02 Applicability of Article.
	  	 	55	  
	 Section 11.03 Election to Redeem; Notice to Trustee.
	  	 	55	  
	 Section 11.04 Selection by Trustee of Securities to be Redeemed.
	  	 	55	  
	 Section 11.05 Notice of Redemption.
	  	 	55	  
	 Section 11.06 Deposit of Redemption Price.
	  	 	56	  
	 Section 11.07 Securities Payable on Redemption Date.
	  	 	56	  
	 Section 11.08 Securities Redeemed in Part.
	  	 	57	  
		
	 ARTICLE TWELVE SINKING FUNDS
	  	 	57	  
		
	 Section 12.01 Applicability of Article.
	  	 	57	  
	 Section 12.02 Satisfaction of Sinking Fund Payments with Securities.
	  	 	57	  
	 Section 12.03 Redemption of Securities for Sinking Fund.
	  	 	58	  
		
	 ARTICLE THIRTEEN [INTENTIONALLY OMITTED]
	  	 	58	  
		
	 ARTICLE FOURTEEN REPAYMENT AT THE OPTION OF HOLDERS
	  	 	58	  
		
	 Section 14.01 Applicability of Article.
	  	 	58	  
	 Section 14.02 Repayment of Securities.
	  	 	58	  
	 Section 14.03 Exercise of Option; Notice.
	  	 	58	  

  
 iii

					
	 Section 14.04 Securities Payable on the Repayment Date.
	  	 	59	  
		
	 ARTICLE FIFTEEN IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND DIRECTORS
	  	 	59	  
		
	 Section 15.01 Exemption from Individual Liability.
	  	 	59	  

  
 iv 

 TABLE SHOWING REFLECTION IN THE INDENTURE OF CERTAIN 

PROVISIONS OF TRUST INDENTURE ACT OF 1939* 
  

					
	 TIA
	  	 Indenture Section
	  	 
			
	§ 310   (a)(1)	  	6.09	  	
	            (a)(2)	  	6.09	  	
	            (a)(3)	  	Not Applicable	  	
	            (a)(4)	  	Not Applicable	  	
	            (a)(5)	  	Not Applicable	  	
	            (b)	  	6.08	  	
	            (c)	  	Not Applicable	  	
	§ 311   (a)	  	6.13	  	
	            (b)	  	6.13	  	
	            (c)	  	Not Applicable	  	
	§ 312   (a)	  	7.01, 7.02(a)	  	
	            (b)	  	7.02(b)	  	
	            (c)	  	7.02(c)	  	
	§ 313   (a)	  	7.03	  	
	            (b)	  	7.03	  	
	            (c)	  	7.03	  	
	            (d)	  	7.03	  	
	§ 314   (a)	  	7.04	  	
	            (b)	  	Not Applicable	  	
	            (c)(1)	  	1.02	  	
	            (c)(2)	  	1.02	  	
	            (c)(3)	  	Not Applicable	  	
	            (d)	  	Not Applicable	  	
	            (e)	  	1.02	  	
	§ 315   (a)	  	6.01(a), 6.01(c)	  	
	            (b)	  	6.02, 7.03	  	
	            (c)	  	6.01(b)	  	
	            (d)	  	6.01	  	
	            (d)(1)	  	6.01(a)	  	
	            (d)(2)	  	6.01(c)(2)	  	
	            (d)(3)	  	6.01(c)(3)	  	
	            (e)	  	5.14	  	
	§ 316   (a)	  	1.01 (“Outstanding”)	  	
	            (a)(1)(A)	  	5.12	  	
	            (a)(1)(B)	  	5.13	  	
	            (a)(2)	  	Not Applicable	  	
	            (b)	  	5.08	  	
	            (c)	  	1.04(f)	  	
	§ 317   (a)(1)	  	5.03	  	
	            (a)(2)	  	5.04	  	
	            (b)	  	10.03	  	
	§ 318   (a)	  	1.07	  	

  

	*	This Table is not part of the Indenture. 

  
 v 

 INDENTURE dated as of
[            ], 20[    ] between ORBCOMM INC., a Delaware corporation (hereinafter called the “Company”) having its principal office at 2115 Linwood Avenue,
Suite 100, Fort Lee, New Jersey 07024, and [                    ], a
[                    ], as trustee (hereinafter called the “Trustee”), having its principal corporate trust office at
[                    ]. 

RECITALS OF THE COMPANY 
 The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance hereunder from time to time of its 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 (as defined
below) thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities, as follows: 
 ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01 Definitions 
 For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 (1) the term “this Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into
pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities established as contemplated by Section 3.01; 
 (2) all references in this Indenture to designated “Articles”, “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions of this Indenture as
originally executed. The words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; 

(3) the terms defined in this Article One have the meanings assigned to them in this Article One and include the plural as
well as the singular; 
 (4) all other terms used herein which are defined in the Trust Indenture Act, either directly or by
reference therein, have the meanings assigned to them therein; 

  
 1 

 (5) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean
such accounting principles as are generally accepted at the date of such computation; 
 (6) certain terms, used principally in
Article Three, are defined in that Article; and 
 (7) the following terms shall have the following meanings: 

“Act” when used with respect to any Securityholder has the meaning specified in Section 1.04. 

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

“Authenticating Agent” means any Person authorized by the Trustee to act on behalf of the Trustee to authenticate and
deliver Securities. 
 “Board of Directors” means the Board of Directors of the Company or any committee of
that Board duly authorized to act for it hereunder. 
 “Board Resolution” means a copy of a resolution
certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” when used with respect to any Place of Payment, means each Monday, Tuesday, Wednesday, Thursday and
Friday which is not a day on which banking institutions in that Place of Payment are authorized or obligated by law, regulation or executive order to close. 
 “capital stock” means stock of any class of a corporation. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the
Securities Exchange Act of 1934, as amended, or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at
such time. 
 “Company” means the corporation named as the “Company” in the first paragraph of this
Indenture until a successor corporation shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor corporation. 

  
 2 

 “Company Request”, “Company Order” and “Company
Consent” mean, respectively, a written request, order or consent signed in the name of the Company by its Chief Executive Officer, President or a Vice President, and by its Treasurer, an Assistant Treasurer, Secretary, or an Assistant
Secretary, and delivered to the Trustee. 
 “corporation” includes corporations, associations, companies and
business trusts. 
 “Currency” means any currency or currencies, composite currency or composite currencies, or
currency unit or currency units issued by the government of one or more countries or by any recognized confederation or association of such governments. 
 “Defaulted Interest” has the meaning specified in Section 3.07(a). 
 “Depositary” means, with respect to the Securities of any series issuable or issued in the form of a Global Security, the Person designated as Depositary by the Company pursuant to
Section 3.01 until a successor Depositary shall have become such as provided pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or include each Person which is then a Depositary
hereunder with respect to any Securities of such series. If at any time there is more than one such Person which is then a Depositary with respect to the Securities of any series, “Depositary” as used with respect to any Securities of such
series shall mean each Person which is then a Depositary with respect to such Securities. 
 “Dollar” or
“$” means a dollar or other equivalent unit in such coin or Currency of the United States as at the time shall be legal tender for the payment of public and private debts. 

“Event of Default” has the meaning specified in Article Five. 

“Global Security” means, with respect to any series of Securities issued hereunder, a Security executed by the Company
and authenticated and delivered by the Trustee pursuant to Section 3.03, which shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such series or a
portion thereof having the same terms, including, without limitation, the same date or dates on which principal is due, the same interest rate or method of determining interest and, in the case of Original Issue Discount Securities, the same issue
price (except that such Outstanding Securities of such series or portion thereof need not have the same issue date) and which shall be a temporary Global Security or a Permanent Global Security. 

“Holder” or “Securityholder” means the Person in whose name such Security is registered on the Security
Register. 
 “indebtedness” of any corporation shall include all indebtedness, as determined in accordance with
generally accepted accounting principles, created, incurred or assumed by such corporation or guaranteed by such corporation or indebtedness for which it is otherwise liable (such as by agreement to purchase indebtedness of, or to supply funds to or
invest in, others), all amounts owing by such corporation under purchase money mortgages or other purchase money liens or conditional sale or other title retention agreements, and all indebtedness secured by any mortgage, security interest, pledge,
lien or encumbrance upon property owned by such corporation, even though such corporation has not assumed or become liable for the payment of 

  
 3 

 
such indebtedness; provided, that, in computing the “indebtedness” of any corporation, there shall be excluded any particular indebtedness if, upon or prior to the maturity
thereof, there shall have been deposited with the proper depository in trust money (or evidences of indebtedness if permitted by the instrument creating such indebtedness) in the necessary amount to pay, redeem or satisfy such indebtedness, and
thereafter such money and evidences of indebtedness so deposited shall not be included in any computation of the assets of such corporation. 
 “interest” when used with respect to a non-interest bearing Security means interest payable after Maturity. 
 “Interest Payment Date” with respect to any Security means the Stated Maturity of an installment of interest on such Security. 

“mandatory sinking fund payment” has the meaning specified in Section 12.01. 

“Maturity” when used with respect to any Security means the date on which the principal of such Security becomes due and
payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Officers’ Certificate” means a certificate signed by the Chief Executive Officer, the President or a Vice President, and by the Treasurer, an Assistant Treasurer, the Secretary or
an Assistant Secretary of the Company, and delivered to the Trustee. 
 “Opinion of Counsel” means a written
opinion of legal counsel, who may (except as otherwise expressly provided in this Indenture) be counsel for the Company and who shall be reasonably acceptable to the Trustee. 
 “optional sinking fund payment” has the meaning specified in Section 12.01. 
 “Original Issue Discount Security” means any Security that provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the
Maturity thereof pursuant to Section 5.02. 
 “Outstanding” when used with respect to Securities of
any series means, as of the date of determination, all Securities of such series theretofore authenticated and delivered under this Indenture, except: 
 (i) Securities of such series theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
 (ii) Securities of such series 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 in accordance with Section 4.01; 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; and 

  
 4 

 (iii) Securities which have been paid pursuant to Section 3.06
or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture; 
 provided,
however, that in determining whether the Holders of the requisite principal amount of Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, and for the purpose of making the
calculations required by Section 313 of the Trust Indenture Act, (a) the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding for such purposes shall be the amount of the principal thereof that
would be due and payable as of the date of such determination upon acceleration of the Maturity thereof pursuant to Section 5.02, (b) the principal amount of a Security denominated in a foreign Currency or Currencies that shall be
deemed to be Outstanding for such purposes shall be the Dollar equivalent of the principal amount (or, in the case of a Security that is an Original Issue Discount Security, the principal amount deemed to be Outstanding pursuant to Clause
(a) above of this proviso) of such Security (or, as the case may be, any Predecessor Security) determined upon original issuance thereof as provided pursuant to Section 3.01(3) with respect to the Securities of such series, and
(c) Securities of such series owned by the Company or any other obligor upon such Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the
Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which the Trustee knows to be so owned shall be so 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 such
Securities or any Affiliate of the Company or such other obligor. 
 “Paying Agent” means any Person authorized
by the Company (which may include the Company) to pay the principal of (and premium, if any) or interest, if any, on any Securities on behalf of the Company. 
 “Permanent Global Security” means a permanent Global Security representing Securities of a series or a portion thereof. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, limited
liability company, unincorporated organization or government or any agency or political subdivision thereof or any other entity. 
 “Place of Payment” means a city or any political subdivision thereof designated as such as provided in Section 3.01. 

“Predecessor Securities” 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 3.06 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the
same debt as the lost, destroyed or stolen Security. 

  
 5 

 “preferred stock” as applied to the stock of any corporation means any
class of stock of such corporation which has a preference in respect of dividends or other distributions of assets, or in respect of amounts payable in the event of any voluntary or involuntary liquidation, dissolution and winding up of such
corporation, over any class of stock of such corporation. 
 “Redemption Date” when used with respect to any
Security to be redeemed means the date fixed for such redemption 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. 
 “Registered Security” means any Security registered on the Security Register. 
 “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 provided in
Section 3.01. 
 “Repayment Date” when used with respect to any Security to be repaid upon exercise
of an option for repayment by the Holder means the date fixed for such repayment pursuant to this Indenture. 

“Repayment Price” when used with respect to any Security to be repaid upon exercise of an option for repayment by the
Holder means the price at which it is to be repaid pursuant to this Indenture. 
 “Responsible Officer” when
used with respect to the Trustee means the chairman or vice-chairman of the board of directors, the chairman or vice-chairman of the executive committee of the board of directors, the chairman of the trust committee, the president, any
vice-president (however titled), the secretary, any assistant secretary, the treasurer, any assistant treasurer, the cashier, any assistant cashier, any trust officer or assistant trust officer, the controller or assistant controller or any other
officer or assistant officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such
matter is referred because of his or her knowledge of and familiarity with the particular subject. 

“Securities” has the meaning stated in the second paragraph of this Indenture and more particularly means any Securities
authenticated and delivered under this Indenture. 
 “Security Register” and “Security
Registrar” have the respective meanings specified in Section 3.05. 
 “Special Record
Date” for the payment of any Defaulted Interest means the date fixed by the Trustee pursuant to Section 3.07. 
 “Stated Maturity” when used with respect to any Security or any installment of interest thereon means the date specified in such Security as the fixed date on which the principal of such
Security or such installment of interest is due and payable. 

  
 6 

 “Subordinated Debt” means any unsecured indebtedness of the Company which:
(1) has a final maturity subsequent to the latest final Maturity of the Outstanding Securities of any series; (2) does not provide for mandatory payment or retirement prior to said date, whether by means of serial maturities or sinking
fund or other analogous provisions or plan, fixed or contingent, requiring, or which on the happening of a contingency may require, the payment or retirement of such indebtedness in amounts which as of any particular time would aggregate more than
such portion of the original principal amount thereof as is obtained by multiplying such original principal amount by a fraction the numerator of which shall be the number of months elapsed from the date of creation of such indebtedness to such time
and the denominator of which shall be the number of months from the date of creation thereof to the final maturity thereof; and (3) is expressly made subordinate and junior in right of payment to the Securities and such other indebtedness of
the Company (except other Subordinated Debt) as may be specified in the instruments evidencing the Subordinated Debt or the indenture or other similar instrument under which it is issued (which indenture or other instrument shall be binding on all
holders of such Subordinated Debt). 
 “Subsidiary” means any corporation of which the Company, or the Company
and one or more Subsidiaries, or any one or more Subsidiaries, directly or indirectly own outstanding shares of capital stock having voting power sufficient to elect, under ordinary circumstances (not dependent upon the happening of a contingency),
a majority of the directors. 
 “Trust Indenture Act” or “TIA” means the Trust Indenture Act
of 1939, as amended, as in force at the date as of which this Indenture was executed, except as otherwise provided in Section 9.05. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor Trustee shall have become such pursuant to the applicable provisions
of this Indenture, and thereafter “Trustee” shall mean such successor Trustee. 
 “United
States” means the United States of America (including the District of Columbia) and its possessions and territories and other areas subject to its jurisdiction (including the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam,
American Samoa, Wake Island and the Northern Mariana Islands). 
 “United States Alien” means any Person who,
for United States Federal income tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for United States
Federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust. 
 “Yield to Maturity” when used with respect to an Original Issue Discount Security means the yield to Maturity on such Security calculated at the time of issuance thereof, or, if
applicable, at the most recent redetermination of interest on such Security, and calculated in accordance with either the constant interest method or such other accepted financial practice as is specified in the terms of such Security established
pursuant to Section 3.01. 

  
 7 

 Section 1.02 Compliance Certificates and Opinions. 

Upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall
furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such
counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to
such particular application or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion
with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (1) a
statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3) a statement that, in the opinion of each such individual, he or she has made such examination or investigation as is
necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 Section 1.03 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, or, insofar as it relates to accounting matters, upon a certificate or opinion of, or representations by, independent public accountants, unless such officer knows, or in the
exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as
it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel
knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 

  
 8 

 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 1.04 Acts of Securityholders. 
 (a) Any request, demand,
authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Securityholders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such
Securityholders in person or by agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both 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 Securityholders 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 6.01) conclusive in favor of the Trustee and the Company, if made in the
manner provided in this Section 1.04. 
 (b) The fact and date of the execution by any Person of any such instrument
or writing may be proved by (i) the affidavit of a witness of such execution or by (ii) the certificate of any 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 person acting in 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 reasonable manner which the Trustee deems sufficient. 

(c) The ownership of Registered Securities shall be proved by the Security Register. 

(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind every
subsequent Holder of the same Security and the Holder of every Security issued upon the transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done or suffered or omitted to be done by the Trustee, any Security
Registrar, any Paying Agent, any Authenticating Agent or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 (e) If the Company shall solicit from the Holders of Registered Securities any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, in or
pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so.
Notwithstanding Section 316(c) of the Trust Indenture Act, such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of
Holders generally in connection therewith and not later than the date such solicitation is completed. If such a record date is fixed, such request, 

  
 9 

 
demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date
shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or
other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided, that, no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall
become effective pursuant to the provisions of this Indenture not later than eleven months after the record date. 

Section 1.05 Notices, etc., to Trustee and Company. 
 Any request, demand, authorization, direction, notice, consent, waiver or Act of Securityholders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed
with, 
 (1) the Trustee by any Securityholder or by the Company shall be sufficient for every purpose hereunder
if made, given, furnished or filed in writing to or with the Trustee at its principal corporate trust office, or 

(2) the Company by the Trustee or by any Securityholder shall be sufficient for every purpose hereunder (unless otherwise
herein expressly provided) if in writing and mailed, first-class, postage prepaid, to the Company addressed to it at the address of its principal office specified in the first paragraph of this Indenture or at any other address previously furnished
in writing to the Trustee by the Company. 
 Section 1.06 Notices to Securityholders; Waiver. 

Where this Indenture provides for notice to Securityholders of any event, such notice shall be sufficiently given (unless otherwise
herein expressly provided) to Holders of Registered Securities, if in writing and mailed, first-class, postage prepaid, to each Holder of Registered Securities affected by such event, at such Holder’s address as it appears on the Security
Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. 

In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in
any notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities. Any notice mailed to a Holder in the manner prescribed herein shall be
conclusively deemed to have been given to such Holder whether or not received by such Holder. In case, by reason of the suspension of regular mail service, or by reason of any other cause, it shall be impossible or impracticable to give notice to
Holders of Registered Securities by mail, then such notification as shall be made with the approval of the Trustee shall constitute sufficient notification to Holders for every purpose hereunder. 

Any request, demand, authorization, direction, notice, consent or waiver required or permitted under this Indenture shall be in the
English language, except that any published notice may be in an official language of the country of publication. 

  
 10 

 Where this Indenture provides for notice in any manner, such notice may be waived in writing
by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Securityholders shall be filed with the Trustee, but such filing shall not be a condition
precedent to the validity of any action taken in reliance upon such waiver. 
 Section 1.07 Conflict with Trust
Indenture Act. 
 If any provision of this Indenture limits, qualifies or conflicts with another provision hereof which is
required or deemed to be included in this Indenture by any of the provisions of Trust Indenture Act, such required or deemed included provision shall control. 
 Section 1.08 Effect of Headings and Table of Contents. 
 The Article
and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

Section 1.09 Successors and Assigns. 
 All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 
 Section 1.10 Separability Clause. 
 In case any provision in this
Indenture or in the Securities of any series shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 1.11 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 Authentication Agent, any Paying Agent, any Security Registrar and their
successors hereunder and the Securityholders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 1.12 Governing Law. 
 This Indenture and the Securities shall
be governed by and construed in accordance with the internal laws of the State of New York, without regard to its conflicts of law principles. 
 Section 1.13 Payments Due on Non-Business Days. 
 If any Stated
Maturity, Redemption Date, Repayment Date, Interest Payment Date or other day on which payment of any principal, premium or interest is required to be made in respect of a Security of any series shall not be a Business Day with respect to the
Securities of such series, then (notwithstanding any other provision of this Indenture or of such Security) payment of the principal (and premium, if any) and interest, if any, otherwise due in respect of such Security need not be made at such
Stated Maturity or on such Redemption Date, Repayment 

  
 11 

 
Date, Interest Payment Date or other day, as the case may be, but may be made on the next succeeding Business Day with the same force and effect as if made at such Stated Maturity or on such
Redemption Date, Repayment Date, Interest Payment Date or other day, as the case may be, and no interest shall accrue for the period from and after such Stated Maturity, Redemption Date, Repayment Date, Interest Payment Date or other day, as the
case may be. 
 ARTICLE TWO 
 FORMS OF SECURITIES 
 Section 2.01 Forms Generally. 

The Securities of each series shall be issued as Registered Securities and shall be in substantially the form or forms (including
temporary or permanent global form) as shall be established by or pursuant to a Board Resolution (and set forth in a Board Resolution or, to the extent established pursuant to rather than set forth in such Board Resolution, in an Officers’
Certificate as to such establishment) or in one or more supplemental indentures hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such
letters, numbers or other marks of identification and such legends or endorsements placed thereon, as may be required to comply with any law or with any rules or regulations pursuant thereto, or with the rules of any securities exchange, or as may,
consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of such Securities. 
 Registered Securities of a series may, to the extent specified with respect to the Securities of such series, as contemplated by Section 3.01, be issued as Global Securities. 

The definitive Securities shall be printed, lithographed or engraved or produced by any combination of these methods on steel engraved
borders or may be produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 
 Section 2.02 Form of Trustee’s Certificate of Authentication. 

The Trustee’s Certificate of Authentication on all Securities shall be substantially in the following form: 

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

 

					
	  
	 	,
	as Trustee        	 	
		
	By	 	  

		 	Authorized Officer”	 	

  
 12 

 Section 2.03 Global Securities. 

If the Securities of or within a series are issuable as a Global Security, such Global Security may provide that it shall represent such
of the Outstanding Securities of such series as shall be specified therein and may provide that it shall represent Outstanding Securities of such series from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding
Securities represented thereby may from time to time be increased or decreased to reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby
shall be made by the Trustee and in such manner as shall be specified in such Global Security. Any instructions by the Company with respect to a Global Security, after its initial issuance, other than a change in the terms of the Global Security,
shall be in writing but need not comply with Section 1.02 and need not be accompanied by an Opinion of Counsel. 

The provisions of the last sentence of the last paragraph of Section 3.03 shall apply to any Security represented by a
Security in global form if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions (which need not comply with Section 1.02 and need
not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last sentence of the last paragraph of
Section 3.03. 
 Notwithstanding the provisions of Section 3.08 and except as provided in the preceding
paragraph, the Company, the Trustee and any agent of the Company or the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a Permanent Global Security, the Holder of such Permanent Global Security in
registered form. 
 ARTICLE THREE 
 THE SECURITIES 
 Section 3.01 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 at any time and from time to time in one or more series. There shall be established, at the
Company’s option, (i) in or pursuant to one or more Board Resolutions and set forth in an Officers’ Certificate or (ii) in one or more supplemental indentures hereto, in each case, prior to the issuance of Securities of any
series, any or all of the following, as applicable: 
 (1) the title of the Securities of the series (which shall
distinguish the Securities of the series from all other Securities); 
 (2) any limit upon the aggregate
principal amount of the Securities of the series 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

  
 13 

 
of, other Securities of the series pursuant to Sections 3.04, 3.05, 3.06, 9.06, 11.08 or 14.03 and except for any Securities which, pursuant to
Section 3.03, are deemed never to have been authenticated and delivered hereunder); 
 (3) if the
Securities of the series are not denominated in Dollars, the Currency or Currencies in which such Securities are denominated, the manner in which the Dollar equivalent of the principal amount of each such Security is to be determined upon original
issuance and, if any payment of principal of (or premium, if any) or interest, if any, on or any other amount in respect of the Securities of the series is not payable in Dollars, the Currency or Currencies in which such payment shall be payable and
the particular provisions applicable thereto; 
 (4) the date or dates, or the method by which such date or dates
will be determined or extended, on which the principal of (and premium, if any, on) the Securities of the series is payable; 
 (5) the rate or rates at which the 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 such interest shall
accrue, or the method by which such date or dates shall be determined, the Interest Payment Dates on which such interest shall be payable and the Regular Record Date, if any, for the interest payable on any Registered Security on any Interest
Payment Date, or the method by which such date or dates shall be determined and the manner of computing interest, if any, if other than as specified in the last paragraph of Section 3.07; 

(6) the place or places where, subject to Section 10.02, the principal of (and premium, if any) and interest,
if any, on Securities of the series shall be payable, any Registered Securities of the series may be surrendered for registration of transfer, Securities of the series may be surrendered for exchange and notices and demands to or upon the Company in
respect of the Securities of the series and this Indenture may be served and where notices to Holders pursuant to Section 1.06 will be published; 
 (7) the period or periods within which, the price or prices at which, and the terms and conditions upon which, Securities of the series may be redeemed, in whole or in part, at the option of the Company,
pursuant to any sinking fund or otherwise; 
 (8) the obligation, if any, of the Company to redeem or purchase
Securities of the series pursuant to any sinking fund or analogous provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which, and the terms and conditions upon which, Securities of the
series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 
 (9) if other than
denominations of $1,000 and any integral multiple thereof, the denominations in which Registered Securities of the series shall be issuable; 
 (10) if other than the principal amount thereof, the portion of the principal amount of Securities of the series that shall be payable upon declaration of acceleration of the Maturity thereof pursuant to
Section 5.02 or the method by which such portion shall be determined; 

  
 14 

 (11) whether the Securities of the series shall be issued in whole or in
part in the form of a Global Security or Securities and, in such case, the Depositary for such Global Security or Securities, whether such global form shall be permanent or temporary and, if so, whether beneficial owners of interests in any such
Permanent Global Security may exchange such interests for Securities of such series in certificated form and of like tenor of any authorized form and denomination and the circumstances under which any such exchanges may occur, if other than in the
manner provided in this Article Three; 
 (12) whether and under what circumstances, and the terms and
conditions on which, the Company will pay additional amounts on the Securities of the series in respect of any tax, assessment or governmental charge withheld or deducted and whether the Company will have the option to redeem such Securities rather
than pay such additional amounts or to redeem such Securities in the event of the imposition of any certification, documentation, information or other reporting requirement and, if so, under what circumstances and the terms and conditions on which
the Company may exercise such option; 
 (13) if the amount of payments of principal of (or premium, if any) or
interest, if any, on any Securities of the series may be determined with reference to an index, the manner in which such amounts shall be determined; 
 (14) the Person to whom interest, if any, on any Registered Security of the series shall be payable, if other than the Person in whose name such Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest payment, and the extent to which, or the manner in which, any interest payable on a temporary Global Security on an Interest Payment Date will be paid if other than in
the manner provided in Section 3.04; 
 (15) any additions to or changes in any Events of Default or
covenants set forth herein with respect to the Securities of the series; 
 (16) the application, if any, of
Section 10.06 to the Securities of the series; 
 (17) the Trustee with respect to the series, if
other than the Trustee named in this Indenture and the identity of each Authenticating Agent, Security Registrar and/or Paying Agent, if other than the Trustee; 
 (18) the terms and conditions, if any, upon which the Securities of the series shall be exchanged for or converted into other securities or property of the Company or of another Person; 

(19) whether the Securities of the series are senior Securities or subordinated Securities and, if subordinated
Securities, the terms of such subordination; 
 (20) whether the Securities of the series will be secured or
unsecured and the terms and provisions applicable to any such security arrangements; and 
 (21) any other terms
of the series (which terms shall not be inconsistent with the provisions of this Indenture). 

  
 15 

 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 such Board Resolution and set forth in such Officers’ Certificate or in any such supplemental indenture hereto. Securities of any particular series may be issued at various times, with
different dates on which the principal or any installment of principal is payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different dates on which such interest may be
payable and with different Redemption or Repayment Dates and may be denominated in different Currencies or payable in different Currencies. 
 Prior to the issuance of Securities of any series the Trustee shall have received and (subject to Section 6.01) shall be fully protected in relying upon: 

(a) the Board Resolution, Officers’ Certificate or supplemental indenture hereto establishing the form of the
Securities of the series pursuant to Section 2.01 and the terms of the Securities of the series pursuant to this Section 3.01; 
 (b) an Officers’ Certificate; and 
 (c) an Opinion of Counsel
stating: 
 (i) that the form or forms of the Securities of the series have been established by or pursuant to a
Board Resolution or by a supplemental indenture hereto as provided by Section 2.01 in conformity with the provisions of this Indenture; 
 (ii) that the terms of the Securities of the series have been established by or pursuant to a Board Resolution or by a supplemental indenture hereto as provided by this Section 3.01 in
conformity with the provisions of this Indenture; 
 (iii) that the Securities of the series, when authenticated
and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their
terms, subject to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general equity principles and except further as enforcement thereof may be
limited by (1) requirements that a claim with respect to any Securities denominated other than in Dollars be converted into Dollars at a rate of exchange prevailing on a date determined pursuant to applicable law or (2) governmental
authority to limit, delay or prohibit the making of payments in foreign Currencies or payments outside the United States; and 
 (iv) that all laws and requirements in respect of the execution and delivery by the Company of the Securities of the series have been complied with and that authentication and delivery of the Securities
of the series by the Trustee will not violate the terms of the Indenture. 

  
 16 

 The Trustee shall have the right to decline to authenticate and deliver any Securities of
such series: 
 (i) if the Trustee, being advised by counsel, determines that such action may not lawfully be
taken; 
 (ii) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust
committee of directors or trustees and/or vice presidents shall determine that such action would expose the Trustee to personal liability to Holders of any outstanding series of Securities; or 

(iii) if the issue of the Securities of such series pursuant to this Indenture will affect the Trustee’s own rights,
duties and immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Notwithstanding the provisions of this Section 3.01 and Section 3.03, if all the Securities of any series are not to be originally issued at one time, it shall not be necessary to
deliver any Board Resolution, Officers’ Certificate or Opinion of Counsel otherwise required pursuant to this Section 3.01 or Section 3.03, prior to or at the time of authentication of each Security of such series if
such documents are delivered prior to or at the time of authentication upon original issuance of the first Security of such series to be issued and such additional issuance conforms with the terms of the original documentation. 

Section 3.02 Denominations. 
 Securities of each series shall be issuable in such form and denominations as shall be specified in the form of Security for such series approved or established pursuant to Section 2.01 or in
the Officers’ Certificate or supplemental indenture delivered pursuant to Section 3.01. In the absence of any specification with respect to the Securities of any series, the Registered Securities of such series, if any (other than
Registered Securities in global form, which may be in any denomination), shall be issuable in denominations of $1,000 and any integral multiples thereof. 
 Section 3.03 Execution, Authentication, Delivery and Dating. 
 The
Securities shall be executed on behalf of the Company by its Chief Executive Officer or its President or any Vice President in each case under its corporate seal reproduced thereon, which corporate seal may be attested by its Secretary or one of its
Assistant Secretaries. The signature of any of these officers on the Securities may be manual or facsimile and may be imprinted or otherwise reproduced on the Securities. The corporate seal of the Company may be in the form of a facsimile thereof
and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. Notwithstanding the foregoing, any temporary Global Security may be executed on behalf of the Company as provided herein without any necessity of being under its
corporate seal as aforesaid. 
 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. 

  
 17 

 At any time and from time to time after the execution and delivery of this Indenture, the
Company may deliver Securities executed by the Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee, in accordance with the Company Order, shall authenticate
and deliver such Securities. If all the Securities of any one series are not to be issued at one time and if a Board Resolution or indenture supplemental hereto relating to the Securities of such series shall so permit, such Company Order may set
forth procedures acceptable to the Trustee for the issuance of such Securities, including, without limitation, procedures with respect to date of issue, Stated Maturity, rate of interest, if any, and date from which interest, if any, shall accrue as
determined by the Company as contemplated by Section 3.01. In authenticating and delivering 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 6.01) shall be fully protected in relying upon, an Opinion of Counsel as provided in Section 3.01. 
 If the Company shall establish pursuant to Section 3.01 that the Securities of a series are to be issued in whole or in part in the form of one or more Global Securities, then the Company
shall execute and the Trustee shall, in accordance with this Section 3.03 and Section 3.04, if and to the extent applicable, and the Company Order with respect to such series, authenticate and deliver one or more Global
Securities in permanent or temporary form that (i) shall represent and shall be denominated in an aggregate principal amount of the Outstanding Securities of such series to be represented by one or more Global Securities, (ii) shall be
registered in the name of the Depositary for such Global Security or Securities or the nominee of such Depositary and (iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions. 

Unless otherwise specified with respect to the Securities of a series as contemplated by Section 3.01, each Person designated
pursuant to Section 3.01 as a Depositary for a Global Security in registered form, at the time of its designation and at all times while it serves as Depositary, shall be a clearing agency registered under the Securities Exchange Act of
1934, as amended, and any other applicable statute or regulation. 
 Each Registered Security (including a Global 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 3.09 together with a written statement (which need not comply with Section 1.02 and need not be accompanied by an
Opinion of Counsel) stating that such Security has never been issued and sold by the Company, 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. 

  
 18 

 Section 3.04 Temporary Securities. 

(a) 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 conclusively evidenced by their execution of such Securities. 

If temporary Securities of any series are issued, the Company will cause definitive Securities of such series to be prepared without
unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at
the office or agency of the Company maintained pursuant to Section 10.02 at a Place of Payment with respect to Securities of such series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary
Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of such series of authorized denominations and of a like Stated Maturity, with
like terms and provisions. Until so exchanged the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and with like terms and conditions authenticated
and delivered hereunder, except as otherwise specified with respect to the Securities of such series pursuant to Section 3.01. 
 Section 3.05 Registration, Registration of Transfer and Exchange. 

The Company shall cause to be kept at one of the offices or agencies maintained by the Company pursuant to Section 10.02, a
register (herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Registered Securities of each series and the
registration of transfers of Registered Securities of such series. Said office or agency is hereby initially appointed “Security Registrar” for the purpose of registering Registered Securities of such series and transfers of Registered
Securities of such series as herein provided. The Company may from time to time change the place at which the Security Register shall be kept. The Trustee shall have the right to examine the Security Register for each series at any time during
normal business hours. 
 Upon surrender for registration of transfer of any Registered Security of any series at the office or
agency of the Company in a Place of Payment for such 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 Registered Securities of such series of
any authorized denominations, of like tenor and terms and aggregate principal amount. 

  
 19 

 At the option of the Holder, Registered Securities of any series may be exchanged for other
Registered Securities of such series of any authorized denominations, of like tenor and terms and aggregate principal amount, upon surrender of the Registered Securities to be exchanged at such office or agency. Whenever any Registered Securities
are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Registered Securities which the Securityholder making the exchange is entitled to receive. 

Notwithstanding the foregoing, except as otherwise specified as contemplated by Section 3.01, any Permanent Global Security
shall be exchangeable only as provided in this paragraph. If any beneficial owner of an interest in a Permanent Global Security is entitled to exchange such interest for definitive Securities of such series, as specified with respect to the
Securities of such series pursuant to Section 3.01 and provided that any applicable notice provided in the Permanent Global Security shall have been given, then without unnecessary delay but in any event not later than the earliest date
on which such interest may be so exchanged, the Company shall deliver to the Trustee definitive Securities in aggregate principal amount equal to the principal amount of such beneficial owner’s interest in such Permanent Global Security,
executed by the Company. On or after the earliest date on which such interests may be so exchanged, such Permanent Global Security shall be surrendered by the Depositary or such other depositary as shall be specified in the Company Order with
respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or from time to time in part, for definitive Securities without charge, and the Trustee shall authenticate and deliver in accordance with
instructions from the applicable depositary (including instructions as to the registration of Registered Securities), in exchange for each portion of such Permanent Global Security, an equal aggregate principal amount of definitive Securities of the
same series of authorized denominations and of like tenor as the portion of such Permanent Global Security to be exchanged; provided, however, that no such exchanges may occur during a period beginning at the opening of business 15
days before any selection of Securities to be redeemed and ending on the relevant Redemption Date, if the Security for which exchange is requested may be among those selected for redemption. If a Registered Security is issued in exchange for any
portion of a Permanent Global Security after the close of business at the office or agency where such exchange occurs on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment
Date, or (ii) any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will not be payable on such
Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but will be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest
in respect of such portion of such Permanent Global Security is payable in accordance with the provisions of this Indenture. 

Upon the exchange of a Global Security for Securities in definitive form, such Global Security shall be canceled by the Trustee.

 If at any time the Depositary for the Securities of a series notifies the Company that it is unwilling or unable to continue
as Depositary for the Securities of such series or if at any time the Depositary for the Securities of such series shall no longer be eligible under the fifth paragraph of Section 3.03, the Company shall appoint a successor Depositary
for the Securities 

  
 20 

 
of such series. If a successor Depositary for the Securities of such series is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such
ineligibility, the Company’s election pursuant to Section 3.01 shall no longer be effective with respect to the Securities of such series and the Company will execute, and the Trustee, upon receipt of a Company Order for the
authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series of like tenor and terms and in definitive form in an aggregate principal amount equal to the principal amount of the Global
Security or Securities representing such series in exchange for such Global Security or Securities. 
 The Company may at any
time and in its sole discretion determine that the Securities of any series issued in the form of one or more Global Securities shall no longer be represented by such Global Security or Securities. In such event the Company will execute, and the
Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series of like tenor and terms and in definitive form in an aggregate principal
amount equal to the principal amount of the Global Security or Securities representing such series in exchange for such Global Security or Securities. 
 If specified by the Company pursuant to Section 3.01 with respect to a series of Securities, the Depositary for such series of Securities may surrender a Global Security for such series of
Securities in exchange in whole or in part for Securities of such series of like tenor and terms and in definitive form on such terms as are acceptable to the Company and such Depositary. Thereupon, the Company shall execute, and the Trustee shall
authenticate and deliver, without service charge, 
 (a) to each Person specified by such Depositary a new
Security or Securities of the same series, of like tenor and terms and of any authorized denominations as requested by such Person in an aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global
Security; and 
 (b) to such Depositary a new Global Security of like tenor and terms and in an aggregate
principal amount equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of Securities delivered to Holders thereof. 

In any exchange provided for in any of the preceding three paragraphs, the Company will execute and the Trustee will authenticate and
deliver Securities in definitive registered form in authorized denominations. 
 All Securities issued upon any registration of
transfer or exchange of Securities shall be 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 Registered Security presented or surrendered for registration of transfer or exchange shall (if so required by the Company, the
Security Registrar or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof or the Holder’s attorney duly
authorized in writing. 

  
 21 

 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 transfer, registration of transfer or exchange of Securities, other than exchanges of Securities
expressly provided in this Indenture to be made at the Company’s own expense or without expense or without charge to the Holders. 
 The Company shall not be required (i) to issue, register the transfer of or exchange Securities of any particular series to be redeemed for a period beginning at the opening of business 15 days
before the day of the mailing of a notice of redemption of Securities of such series selected for redemption under Section 11.03 and ending at the close of business on the day of such mailing or (ii) to register the transfer of or
exchange any Registered Security so selected for redemption in whole or in part, except the unredeemed portion of such Registered Security being redeemed in part. 
 Section 3.06 Mutilated, Destroyed, Lost and Stolen Securities. 
 If
any mutilated Security is surrendered, to the Trustee, or if the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company and the Trustee such security or
indemnity as may be required by them to save each of them and their agents harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and
upon its request the Trustee shall authenticate and deliver, in exchange therefor 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 (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee such security or indemnity as
may be required by them to save each of them and any agent of them harmless, and in the case of destruction, loss or theft, evidence satisfactory to the Company and the Trustee and any agent of either of them of the destruction, loss or theft of
such Security and the ownership thereof. 
 Upon the issuance of any new Security under this Section 3.06, 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 3.06 in lieu of any destroyed, lost or stolen Security of
such series or in exchange for any mutilated Security of such series, 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. 

  
 22 

 The provisions of this Section 3.06 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 3.07 Payment of Interest; Interest Rights Preserved; Optional Interest Reset. 
 (a) Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01, interest, if any, on any Registered 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 such Registered Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest at the office or agency of the Company maintained for such purpose pursuant to Section 10.02; provided, however, that each installment of interest, if any, on any Registered Security may at the Company’s
option be paid by (i) mailing a check for such interest, payable to or upon the written order of the Person entitled thereto pursuant to Section 3.08, to the address of such Person as it appears on the Security Register or
(ii) transfer to an account maintained by the payee inside the United States. 
 Except as otherwise specified with respect
to a series of Securities in accordance with the provisions of Section 3.01, any interest on any Registered 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 Registered Holder on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Company, at its election in
each case, as provided in Clause (1) or Clause (2) below: 
 (1) The Company may elect to
make payment of any Defaulted Interest to the Persons in whose names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed
payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such
deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special record
date (a “Special Record Date”) for the payment of such Defaulted Interest which shall be not more than 15 days nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of
the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special
Record Date therefor to be mailed, first class, postage prepaid, to each Holder of Registered Securities 

  
 23 

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

 (b) The provisions of this Section 3.07(b) may be made applicable to any series of Securities pursuant to
Section 3.01 (with such modifications, additions or substitutions as may be specified pursuant to such Section 3.01). The interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable)
on any Security of such series may be reset by the Company on the date or dates specified on the face of such Security (each an “Optional Reset Date”). The Company may exercise such option with respect to such Security by notifying the
Trustee of such exercise at least 45 but not more than 60 days prior to an Optional Reset Date for such Security. Not later than 40 days prior to each Optional Reset Date, the Trustee shall transmit, in the manner provided for in
Section 1.06, to the Holder of any such Security a notice (the “Reset Notice”) indicating whether the Company has elected to reset the interest rate (or the spread or spread multiplier used to calculate such interest rate, if
applicable), and if so (i) such new interest rate (or such new spread or spread multiplier, if applicable) and (ii) the provisions, if any, for redemption during the period from such Optional Reset Date to the next Optional Reset Date or,
if there is not such next Optional Reset Date, to the Stated Maturity of such Security (each such period a “Subsequent Interest Period”), including the date or dates on which or the period or periods during which and the price or prices at
which such redemption may occur during the Subsequent Interest Period. 
 Notwithstanding the foregoing, not later than 20 days
prior to the Optional Reset Date, the Company may, at its option, revoke the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) provided for in the Reset Notice and establish an interest rate (or a
spread or spread multiplier used to calculate such interest rate, if applicable) that is higher than the interest rate (or the spread or spread multiplier, if applicable) provided for in the Reset Notice, for the Subsequent Interest Period by
causing the Trustee to transmit, in the manner provided for in Section 1.06, notice of such higher interest rate (or such higher spread or spread multiplier, if applicable) to the Holder of any such Security. Such notice shall be
irrevocable. All Securities with respect to which the interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) is reset on an Optional Reset Date, and with respect to which the Holders of such Securities
have not tendered such Securities for repayment (or have validly revoked any such tender) pursuant to the next succeeding paragraph, will bear such higher interest rate (or such higher spread or spread multiplier, if applicable). 

  
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 The Holder of any such Security will have the option to elect repayment by the Company of
the principal of such Security on each Optional Reset Date at a price equal to the principal amount thereof plus interest accrued to such Optional Reset Date. In order to obtain repayment on an Optional Reset Date, the Holder must follow the
procedures set forth in Article Fourteen for repayment at the option of Holders except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days prior to such Optional Reset Date and except
that, if the Holder has tendered any Security for repayment pursuant to the Reset Notice, the Holder may, by written notice to the Trustee, revoke such tender or repayment until the close of business on the tenth day before such Optional Reset Date.

 Subject to the foregoing provisions of this Section 3.07 and Section 3.05, each Security delivered
under this Indenture upon 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. 

Except as otherwise specified with respect to a series of Securities in accordance with the provisions of Section 3.01,
interest on the Securities shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Section 3.08
Persons Deemed Owners. 
 Prior to due presentment for registration of transfer of any Registered Security, the Company,
the Trustee and any agent of the Company or the Trustee may treat the Person in whose name any such Registered Security is registered as the owner of such Registered Security for the purpose of receiving payment of principal of (and premium, if
any), and (subject to Sections 3.05 and 3.07) interest, if any, on such Registered Security and for all other purposes whatsoever, whether or not such Registered Security be overdue, and neither the Company, the Trustee nor any agent
of the Company or the Trustee shall be affected by notice to the contrary. 
 None of the Company, the Trustee, any Paying Agent
or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records
relating to such beneficial ownership interests. 
 Notwithstanding the foregoing, with respect to any Global Security, nothing
herein shall prevent the Company, the Trustee, or any agent of the Company or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by any Depositary, as a Holder, with respect to such Global Security
or impair, as between such Depositary and owners of beneficial interests in such Global Security, the operation of customary practices governing the exercise of the rights of such Depositary (or its nominee) as Holder of such Global Security.

 Section 3.09 Cancellation. 
 All Securities surrendered for payment, registration of transfer, exchange, redemption or for credit against any current or future sinking fund payment shall, if surrendered to any Person other than the
Trustee, be delivered to the Trustee for cancellation and shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may
have 

  
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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 canceled by the Trustee. No Security shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section 3.09, except
as expressly permitted by this Indenture. All canceled Securities held by the Trustee shall be destroyed by the Trustee and the Trustee shall deliver a certificate of such destruction to the Company, unless by a Company Order the Company shall
direct the canceled Securities be returned to it. Any temporary Global Security shall be destroyed if the entire aggregate principal amount of the Securities represented thereby has been exchanged. Permanent Global Securities shall not be canceled
until exchanged in full for other Permanent Global Securities or definitive Securities or until payment thereof is made in full. 
 Section 3.10 Optional Extension of Maturity. 
 The provisions of this
Section 3.10 may be made applicable to any series of Securities pursuant to Section 3.01 (with such modifications, additions or substitutions as may be specified pursuant to Section 3.01). The Stated Maturity of
any Security of such series may be extended at the option of the Company for the period or periods specified on the face of such Security (each an “Extension Period”) up to but not beyond the date (the “Final Maturity”) set forth
on the face of such Security. The Company may exercise such option with respect to any Security by notifying the Trustee of such exercise at least 45 but not more than 60 days prior to the Stated Maturity of such Security in effect prior to the
exercise of such option (the “Original Stated Maturity”). If the Company exercises such option, the Trustee shall transmit, in the manner provided for in Section 1.06, to the Holder of any such Security not later than 40 days
prior to the Original Stated Maturity a notice (the “Extension Notice”) indicating (i) the election of the Company to extend the Stated Maturity, (ii) the new Stated Maturity, (iii) the interest rate, if any, applicable to
the Extension Period and (iv) the provisions, if any, for redemption during such Extension Period. Upon the Trustee’s transmittal of the Extension Notice, the Stated Maturity of such Security shall be extended automatically and, except as
modified by the Extension Notice and as described in the next paragraph, such Security will have the same terms as prior to the transmittal of such Extension Notice. 
 Notwithstanding the foregoing, not later than 20 days before the Original Stated Maturity of such Security, the Company may, at its option, revoke the interest rate provided for in the Extension Notice
and establish a higher interest rate for the Extension Period by causing the Trustee to transmit, in the manner provided for in Section 1.06, notice of such higher interest rate to the Holder of any such Security. Such notice shall be
irrevocable. All Securities with respect to which the Stated Maturity is extended will bear such higher interest rate. 
 If the
Company extends the Stated Maturity of any Security, the Holder will have the option to elect repayment of such Security by the Company on the Original Stated Maturity at a price equal to the principal amount thereof, plus interest accrued to such
date. In order to obtain repayment on the Original Stated Maturity once the Company has extended the Stated Maturity thereof, the Holder must follow the procedures set forth in Article Fourteen for repayment at the option of Holders, except
that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days prior to the Original Stated Maturity and except that, if the 

  
 26 

 
Holder has tendered any Security for repayment pursuant to an Extension Notice, the Holder may by written notice to the Trustee revoke such tender for repayment until the close of business on the
tenth day before the Original Stated Maturity. 
 ARTICLE FOUR 

SATISFACTION AND DISCHARGE 
 Section 4.01 Satisfaction and Discharge of Indenture. 
 This Indenture
upon Company Request shall 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 expressly
provided for herein or pursuant hereto), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to such series when: 

(1) either 
 (A) all Securities of such series theretofore authenticated, issued and delivered (other than (i) Registered Securities which have been destroyed, lost or stolen and which have been replaced or paid
as provided in Section 3.06, and (ii) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as
provided in Section 10.03) have been delivered to the Trustee for cancellation; or 
 (B) all such
Securities of such series not theretofore delivered to the Trustee for cancellation have become due and payable, or will become due and payable at their Stated Maturity within one (1) year, or, if redeemable at the option of the Company are to
be called for redemption within one (1) 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 has deposited or caused to be
deposited with the Trustee, as trust funds in trust for the purpose, 
 (i) moneys, or 

(ii) securities evidencing direct general obligations of, or obligations the payment of the principal and interest of
which are unconditionally guaranteed by, the United States, which obligations, or the guaranty of which, constitutes the full faith and credit obligation of the United States, which securities shall not be callable at the option of the issuer and
which securities mature and bear interest in such amount and at such times as will provide moneys, or 
 (iii) a
combination thereof, 
 in an amount sufficient to pay (without reinvestment) and discharge the entire indebtedness on such
Securities of such series not theretofore delivered to the Trustee 

  
 27 

 
for cancellation, for principal (and premium, if any) and interest, if any, to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or
Redemption Date or any Repayment Date, as the case may be; 
 (2) the Company has paid or caused to be paid all
other sums payable hereunder by the Company in respect of the Securities of such series; and 
 (3) the Company
has delivered to the Trustee (i) 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 in respect of such series of
Securities have been complied with and (ii) if securities have been deposited pursuant to this Section 4.01(1)(B), a certificate of independent certified public accountants stating that such securities mature and bear interest in
such amount and at such times as will (together with any moneys otherwise provided pursuant to this Section 4.01(1)(B)) provide sufficient moneys as provided in this Section 4.01(1)(B). 

Notwithstanding the satisfaction and discharge of this Indenture in respect of such series of Securities, the obligations of the Company
to the Trustee under Section 6.07, the obligations of the Trustee to any Authenticating Agent under Section 6.14 and if moneys or securities shall have been deposited with the Trustee pursuant to Section 4.01(1)(B)
or 10.06, the obligations of the Trustee under Section 4.02 and the last paragraph of Section 10.03 shall survive. 
 Section 4.02 Application of Trust Money. 
 (a) Subject to the
provisions of the last paragraph of Section 10.03, all money or securities deposited with the Trustee pursuant to Section 4.01 or 10.06 (or the principal of or interest on such securities) shall be held in trust and
applied by the Trustee, in accordance with the provisions of this Indenture and of such series of Securities to which such money or securities relate, to the payment, either directly or through any Paying Agent (including the Company acting as its
own Paying Agent), as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest, if any, for whose payment such money or securities have been deposited with the Trustee or to make mandatory
sinking fund payments or analogous payments as contemplated by Section 10.06, but such money or proceeds need not be segregated from other funds except to the extent required by law. 

(b) The Trustee shall deliver or pay to the Company from time to time upon Company Request any money or securities (or the principal of
or interest on such securities) held by it as provided in Section 4.01 or 10.06 which, in the opinion of independent certified public accountants expressed in a written certification thereof delivered to the Trustee, are then in
excess of the amount thereof which then would have been required to be deposited for the purpose for which such money or securities were deposited or received. The principal of and interest on the securities deposited in trust pursuant to
Section 10.06(1), to the extent that such principal and interest are not required for a period of time for the payment of the principal of (and premium, if any) and interest, if any, on the Securities of such series with respect to which
such securities relate, shall, so far as practicable, upon a Company Order be invested by the Trustee in like securities of such maturities (6 months or less) such that the funds are available

  
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on the applicable payment date to pay the principal of (and premium, if any) and interest, if any, on such Securities and the Trustee, upon receipt thereof, shall pay to the Company the income
from such investments. 
 ARTICLE FIVE 
 REMEDIES 
 Section 5.01 Events of Default. 

“Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body): 
 (a) default in the due and punctual payment of any interest upon any of the Securities of
such series as and when the same shall become due and payable, and continuance of such default for a period of 30 days; or 
 (b) default in the due and punctual payment of the principal of (and premium, if any, on) any Securities of such series as and when the same shall become due and payable at Maturity; or 

(c) failure on the part of the Company to duly observe or perform any other of the covenants or agreements on the part of
the Company in the Securities of such series or in this Indenture contained (other than a covenant or agreement a default in whose performance or whose breach is elsewhere in this Section 5.01 specifically dealt with or which has
expressly been included in this Indenture solely for the benefit of a series of Securities other than such series) for a period of 90 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been
given to the Company by the Trustee, or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Securities of such series at the time Outstanding; or 

(d) the entry of a decree or order for relief by a court having jurisdiction in the premises in respect of the Company in
an involuntary case under the Federal bankruptcy laws, as now constituted or hereafter amended, or any other applicable Federal or State bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee,
sequestrator (or similar official) of the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 90
consecutive days; or 
 (e) the commencement by the Company of a voluntary case under the Federal bankruptcy
laws, as now constituted or hereafter amended, or any other applicable Federal or State bankruptcy, insolvency or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee,
custodian, sequestrator (or other similar official) of the Company or of any substantial part of its property, or the 

  
 29 

 
making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by
the Company in furtherance of any such action; or 
 (f) any other Event of Default provided with respect to
Securities of such series. 
 Section 5.02 Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then and in every such
case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of such series may declare the principal of all the Securities of such series (or, in the case of Securities of such series that are Original
Issue Discount Securities or Indexed Securities, such portion of the principal of such Securities as may be specified in the terms thereof) to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by
Securityholders), and upon any such declaration such principal (or, as the case may be, such portion thereof) shall become immediately due and payable. 
 At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as
hereinafter in this Article Five provided, the Holders of a majority in principal amount of the Outstanding Securities of such series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its
consequences if 
 (1) the Company has paid or deposited with the Trustee a sum sufficient to pay: 

(A) all overdue installments of interest, if any, on all Outstanding Securities of such series, 

(B) the principal of (and premium, if any, on) any Outstanding Securities of such series which have become due otherwise
than by such declaration of acceleration and interest thereon at the rate or rates borne by such Securities (or, in the case of Securities of such series that are Original Issue Discount Securities, the Yield to Maturity in respect thereof),

 (C) to the extent that payment of such interest is lawful, interest upon overdue installments of interest, if
any, at the rate or rates borne by such Securities (or, in the case of Securities of such series that are Original Issue Discount Securities, the Yield to Maturity in respect thereof), and 

(D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel; and 
 (2) all Events of Default with respect to Securities of
such series, other than the non-payment of the principal of (or premium, if any) or interest, if any, on Securities of such series which have become due solely by such acceleration, have been cured or waived as provided in Section 5.13.

  
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 No such rescission shall affect any subsequent default or impair any right consequent
thereon. 
 Section 5.03 Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Company covenants that if an Event of Default specified in Section 5.01(a) or 5.01(b) occurs, the Company will,
upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of the Securities of such series, the whole amount then due and payable on such Securities for principal (and premium, if any) and interest, if any, with interest upon
the overdue principal (and premium, if any) and, to the extent that payment of such interest shall be legally enforceable, upon overdue installments of interest, if any, at the rate or rates borne by such Securities (or, in the case of Securities of
such series that are Original Issue Discount Securities, the Yield to Maturity in respect thereof); and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 If the Company fails to pay such
amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, and may prosecute such proceeding to judgment or final decree,
and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such
Securities wherever situated. 
 If an Event of Default with respect to Securities of any series occurs and is continuing, the
Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of the Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such
rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 

Section 5.04 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 or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities of any series shall then be due and payable as therein
expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal, premium, if any, or interest, if any) shall be entitled and empowered, by intervention
in such proceeding or otherwise, 
 (i) to file and prove a claim for the whole amount of principal (or, in the
case of Securities of such series that are Original Issue Discount Securities, such portion of the principal of such Securities as may be specified in the terms thereof) (and premium, if any) and interest, if any, owing and unpaid in respect of the
Securities of such series and to file such other papers or documents as may be 

  
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necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel) and of the Holders of the Securities of such series allowed in such judicial proceeding, and 
 (ii) to
collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; 
 and any receiver,
assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Holder of Securities of such series to make such payments to the Trustee, and in the event that the Trustee shall
consent to the making of such payments directly to the Securityholders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts
due the Trustee under Section 6.07. 
 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 a Security any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in
respect of the claim of any Holder of a Security in any such proceeding, provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a
creditors’ or other similar committee. 
 Section 5.05 Trustee May Enforce Claims Without Possession of
Securities. 
 All rights of action and claims under this Indenture or the Securities of any series may be prosecuted and
enforced by the Trustee without the possession of any of the Securities of any series or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an
express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the
Securities in respect of which such judgment has been recovered. 
 Section 5.06 Application of Money Collected.

 Any money collected by the Trustee pursuant to this Article Five shall be applied in the following order, at the date
or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (or premium, if any) or interest, if any, upon presentation of the Securities and the notation thereon of the payment if only partially paid and
upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 6.07;

 SECOND: To the payment of the amounts then due and unpaid upon the Securities of any series for principal (and premium, if
any) and interest, if any, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities, for principal (and premium,
if any) and interest, if any, respectively; and 

  
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 THIRD: The balance, if any, to the Company or any other Person or Persons entitled thereto.

 Section 5.07 Limitation on Suits. 
 No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any
other remedy hereunder, unless 
 (1) such Holder has previously given written notice to the Trustee of a
continuing Event of Default with respect to Securities of such series; 
 (2) the Holders of not less than 25% in
principal amount of the Outstanding Securities of such series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to
be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute any such proceeding; and 
 (5) no direction inconsistent
with such written request has been given to the Trustee during such 60 day period by the Holders of a majority in principal amount of the Outstanding Securities of such series; 
 it being understood and intended that no one or more of such Holders of Securities of any series shall have any right in any manner whatever by virtue of, or by availing of, any provision of this
Indenture to affect, disturb or prejudice the rights of any other of such Holders of Securities or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the
manner herein provided and for the equal and ratable benefit of all of such Holders of Securities of such series. 

Section 5.08 Unconditional Right of Securityholders to Receive Principal, Premium and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right which is absolute and
unconditional to receive payment of the principal of (and premium, if any) and (subject to Section 3.05 or Section 3.07) interest, if any, on such Security on the respective Stated Maturities expressed in such Security (or,
in the case of redemption or repayment, on the Redemption Date or Repayment Date) and to institute suit for the enforcement of any such payment on and after the respective Stated Maturities or applicable Redemption Date or Repayment Date and such
right shall not be impaired without the consent of such Holder. 

  
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 Section 5.09 Restoration of Rights and Remedies. 

If the Trustee or any Holder of any Security has instituted any proceeding to enforce any right or remedy under this Indenture and such
proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Securityholder, then and in every such case the Company, the Trustee and the Holders shall, subject to any determination in such
proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and the Holders of any Security shall continue as though no such proceeding had been instituted.

 Section 5.10 Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last
paragraph of Section 3.06, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent
permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 5.11 Delay or
Omission Not Waiver. 
 No delay or omission of the Trustee or of any Holder of any Security to exercise any right or remedy
accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article Five or by law to the Trustee or to the
Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 5.12 Control by Securityholders. 
 The Holders of not less
than a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power
conferred on the Trustee, with respect to Securities of such series, provided, that, 
 (1) such direction
shall not be in conflict with any rule of law or this Indenture, and could not involve the Trustee in personal liability in circumstances where reasonable indemnity would not be adequate, and 

(2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction.

 This Section 5.12 shall be in lieu of Section 316(a)(1)(A) of the Trust Indenture Act and such
Section 316(a)(1)(A) is hereby expressly excluded from this Indenture, as permitted by the Trust Indenture Act. 

  
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 Section 5.13 Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of
all the Securities of such series waive any past default hereunder and its consequences, except a default 
 (1)
in the payment of the principal of (or premium, if any) or interest, if any, on any Security of such series, or 

(2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the
consent of the Holder of each Outstanding Security of such series affected. 
 Upon any such waiver, such default shall cease to
exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

This Section 5.13 shall be in lieu of Section 316(a)(1)(B) of the Trust Indenture Act and such Section 316(a)(1)(B)
is hereby expressly excluded from this Indenture, as permitted by the Trust Indenture Act. 
 Section 5.14 Undertaking
for Costs. 
 All parties to this Indenture agree, and each Holder of any Security of any series by such Holder’s
acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as
Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such
suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 5.14 shall not apply to any suit instituted by the Trustee, to any suit instituted by any
Securityholder or group of Securityholders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal
of (or premium, if any) or interest, if any, on any Security of any series on or after the respective Stated Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date, or, in the case of repayment, on or
after the Repayment Date). 
 Section 5.15 Waiver of Stay or Extension Laws. 

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

  
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 ARTICLE SIX 
 THE TRUSTEE 
 Section 6.01 Certain Duties and Responsibilities.

 The duties and responsibilities of the Trustee shall be as provided by Section 315 of the Trust Indenture Act and this
Indenture. 
 (a) Except during the continuance of an Event of Default in respect of the Securities of any series, 

(1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture,
and no implied covenants or obligations shall be read into this Indenture against the Trustee; 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; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they
conform to the requirements of this Indenture. 
 (b) In case an Event of Default in respect of the Securities of any series has
occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his own affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for
its own negligent action, its own negligent failure to act, or its own willful misconduct, except that 
 (1)
this Subsection shall not be construed to limit the effect of Subsection (a) of this Section 6.01; 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and

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

  
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 (d) No provisions of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that repayment of such funds or adequate
indemnity against such risk or liability is not reasonably assured to it. 
 (e) Whether or not therein expressly so provided,
every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 6.01. 

Section 6.02 Notice of Default. 
 Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall give or transmit, in the manner and to the extent provided in
Section 1.06, to the Holders of Securities of such series notice of such default hereunder known to the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default
in the payment of the principal of (or premium, if any) or interest, if any, on any Security of such series when due, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a
trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interests of the Holders of Securities of such series; and provided, further, that in the
case of any default of the character specified in Section 5.01(c) with respect to Securities of such series no such notice to Holders of Securities of such series shall be given until at least 90 days after the occurrence thereof. For
the purpose of this Section 6.02, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 

Section 6.03 Certain Rights of Trustee. 
 Subject to the provisions of Section 6.01: 
 (a) the Trustee may rely
and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document believed by it to be genuine
and to have been signed or presented by the proper party or parties; 
 (b) any request or direction of the Company mentioned
herein shall be sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (c) 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; 

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

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders of Securities of any series pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it
in compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, 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, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or
attorney; 
 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly
or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; and 

(h) the Trustee shall not be liable for any action taken or omitted by it in good faith and believed by it to be authorized or within the
discretion or rights or powers conferred upon it by this Indenture. 
 Section 6.04 Not Responsible for Recitals or
Issuance of Securities. 
 The recitals contained herein and in the Securities of any series, except for the certificates of
authentication, shall be taken as the statements of the Company, and the Trustee and any Authentication Agent assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture
or of the Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of
Eligibility on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. The Trustee or any Authenticating Agent shall not be accountable for the use or application by the Company of Securities or the
proceeds thereof. 
 Section 6.05 May Hold Securities. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company or the Trustee, in its
individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 6.08 and 6.13, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating
Agent, Paying Agent, Security Registrar or such other agent. 

  
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 Section 6.06 Money Held in Trust. 

Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. Neither the
Trustee nor any Paying Agent shall be under any liability for interest on any money received by it hereunder except as provided in Section 4.02 or as otherwise agreed to with the Company. 

Section 6.07 Compensation and Reimbursement. 
 The Company agrees: 
 (1) to pay to the Trustee from time to time
reasonable compensation in Dollars for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request in Dollars for all reasonable
expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense,
disbursement or advance as may be attributable to its negligence or bad faith; and 
 (3) to indemnify the
Trustee for, and to hold it harmless against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the
costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. 
 As security for the performance of the obligations of the Company under this Section 6.07, the Trustee shall have a claim prior to the Securities upon all property and funds held or collected
by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest, if any, on particular Securities. 
 Section 6.08 Disqualification; Conflicting Interests. 
 The Trustee
shall comply with the terms of Section 310(b) of the Trust Indenture Act. 
 Section 6.09 Corporate Trustee
Required; Eligibility. 
 There shall at all times be a Trustee hereunder which shall be a corporation organized and doing
business under the laws of the United States or any State or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, and subject to supervision or
examination by Federal or State authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this
Section 6.09, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 6.09, it shall resign immediately in the manner and with the effect hereinafter specified in this Article Six. 

  
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 Section 6.10 Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article Six shall become
effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11. 
 (b) The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If an instrument of acceptance by a successor Trustee shall not
have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of
such series. 
 (c) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of
not less than a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. 
 (d) If at any time: 
 (1) the Trustee shall fail to comply with
Section 6.08 after written request therefor by the Company or by any Securityholder who has been a bona fide Holder of a Security for at least six (6) months, or 

(2) the Trustee shall cease to be eligible under Section 6.09 and shall fail to resign after written request
therefor by the Company or by any such Securityholder, or 
 (3) the Trustee shall become incapable of acting or
a decree or order for relief under the Federal bankruptcy laws shall be entered against it or it shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or
control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, or 
 (4) the Trustee shall commence a voluntary case under the Federal bankruptcy laws, as now or hereafter constituted, or any other applicable Federal or State bankruptcy, insolvency or similar law or shall
consent to the appointment of or taking possession by a receiver, custodian, liquidator, assignee, trustee, sequestrator (or other similar official) of the Trustee or its property or affairs, or shall make an assignment for the benefit of creditors,
or shall admit in writing its inability to pay its debts generally as they become due, or shall take corporate action in furtherance of any such action, 
 then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (ii) subject to Section 5.14, any Securityholder who has been
a bona fide Holder of a Security for at least six (6) months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the
appointment of a successor Trustee or Trustees. 

  
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 (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those
series (it being understood that any such successor Trustee may be appointed with respect to the Securities of any one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any
particular series). If within one (1) year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a
majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the
applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the
Securities of any series shall have been so appointed by the Company or the Securityholders and accepted appointment in the manner hereinafter provided, any Securityholder who has been a bona fide Holder of a Security of such series for at
least six (6) months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

(f) The Company shall give notice of each resignation and each removal of the Trustee in respect of the Securities of any series and each
appointment of a successor Trustee in respect of the Securities of any series in the manner and to the extent set forth in Section 1.06. Each notice shall include the name of the successor Trustee with respect to the Securities of such
series and the address of its principal corporate trust office. 
 Section 6.11 Acceptance of Appointment by
Successor. 
 (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such
successor Trustee appointed hereunder shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective
and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on request of the Company or the successor Trustee, such retiring Trustee
shall, upon payment of its charges and any other amounts then due to such Trustee under Section 6.07, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and
shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 
 (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series (including any initial appointment by the Company in connection with the
establishment of the terms of a series as provided in Section 3.01), the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental
hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the

  
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rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the
retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities
of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall
be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring
Trustee shall become effective to the extent provided therein and each successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all
property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 
 (c) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers
and trusts. 
 (d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor
Trustee shall be qualified and eligible under this Article Six and under the Trust Indenture Act. 
 Section 6.12
Merger, Conversion, Consolidation or Succession to Business of Trustee. 
 Any corporation into which the Trustee may be
merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate
trust business of the Trustee, shall be the successor of the Trustee hereunder, provided, such corporation shall be otherwise qualified and eligible under this Article Six and under the Trust Indenture Act, without the execution or
filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such
authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 

Section 6.13 Preferential Collection of Claims Against Company. 

If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be
subject to the provisions of Section 311(a) of 

  
 42 

 
the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor), excluding any creditor relationships described in Section 311(b) of the Trust
Indenture Act. A Trustee who resigned or has been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein. 
 Section 6.14 Appointment of Authenticating Agent. 
 The Trustee may
appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original issue and exchange, registration of
transfer or partial redemption thereof or pursuant to Section 3.06, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on
behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation
organized and doing business under the laws of the United States or any State or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to
supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this
Section 6.14, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent
shall cease to be eligible in accordance with the provisions of this Section 6.14, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section 6.14. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an
Authenticating Agent, provided, that, such corporation shall be otherwise eligible under this Section 6.14, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent.

 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The
Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time
such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 6.14, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall give written notice
of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will serve, in the manner provided for in Section 1.06. Any successor Authenticating Agent upon acceptance of its appointment
hereunder shall become vested with all the rights, powers and duties of its 

  
 43 

 
predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this
Section 6.14. 
 The Trustee agrees to pay to each Authenticating Agent from time to time reasonable compensation
for its services under this Section 6.14, and the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 6.07. 

If an appointment with respect to one or more series is made pursuant to this Section 6.14, the Securities of such series may
have endorsed thereon, in lieu of the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 
 “This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

					
	  
	 	,  
		 	as Trustee
			
	By	 	  
	 	,  
		 	 as Authenticating Agent

			
	By	 	  
	 	,  
		 	Authorized Officer”

 ARTICLE SEVEN 
 SECURITYHOLDERS LIST AND REPORTS BY TRUSTEE AND COMPANY 
 Section 7.01
Company to Furnish Trustee Names and Addresses of Securityholders. 
 The Company will furnish or cause to be furnished
to the Trustee (a) semi-annually, not more than 15 days after each Regular Record Date with respect to the Securities of each series at the time Outstanding, a list in such form as the Trustee may reasonably require, of the names and addresses
of the Holders of Registered Securities of such series as of the preceding Regular Record Date (or a date to be determined pursuant to Section 3.01 for Original Issue Discount Securities), and (b) at such other times as the Trustee
may request in writing, within 30 days after receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that so long as
the Trustee is the Security Registrar with respect to the Securities of any series, no such list shall be required to be furnished with respect to Securities of such series. 
 Section 7.02 Preservation of Information; Communications to Securityholders. 
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, (i) the names and addresses of Holders of Registered Securities of any series contained in the most recent list
furnished to the Trustee as provided in Section 7.01 and, (ii) the names and addresses of Holders of Registered Securities received by the Trustee in its capacity as Security Registrar. 

  
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 The Trustee may destroy any list furnished to it as provided in Section 7.01
upon receipt of a new list so furnished. 
 (b) The rights of Holders of Securities of any series to communicate with other
Holders of Securities of such series with respect to their rights under this Indenture or under the Securities of such series and the corresponding rights and privileges of the Trustee shall be as provided by the Trust Indenture Act. 

(c) Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor
the Trustee nor any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance with Section 7.02(b), regardless of the
source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 7.02(b). 

Section 7.03 Reports by Trustee. 
 Within 60 days after May 15 in each year, commencing with the first May 15 after the first issuance of Securities pursuant to this Indenture, the Trustee shall transmit to Holders such reports
concerning the Trustee and its actions under this Indenture in accordance with and to the extent required under Section 313 of the Trust Indenture Act. 
 A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities are listed and also with the Commission and with
the Company. The Company will notify the Trustee when any Securities are listed on any stock exchange. 
 Section 7.04
Reports by Company. 
 The Company will: 

(1) file with the Trustee, within 15 days after the Company is required to file the same with the Commission, copies of
the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Company may be required to file with the
Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended; or, if the Company is not required to file information, documents or reports pursuant to either of such Sections, then it will file with
the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of
the Securities Exchange Act of 1934, as amended, in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(2) file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and 

  
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 (3) transmit to all Holders of Securities, within 30 days after the filing
thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to Sections 7.04(1) and (2) as may be required by rules and regulations prescribed from time to time
by the Commission. 
 ARTICLE EIGHT 
 CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER 
 Section 8.01 Company May
Consolidate, etc., Only on Certain Terms. 
 The Company shall not consolidate with or merge into any other Person or
convey, transfer or lease all or substantially all of its properties and assets to any Person, unless: 
 (1) the
Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance, transfer or lease all or substantially all of the properties and assets of the Company shall be a corporation, limited liability
company, partnership or trust organized and existing under the laws of the United States or any State or the District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form
satisfactory to the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest, if any, on all the Securities and the performance of every covenant of this Indenture on the part of the Company to be performed or
observed; 
 (2) immediately after giving effect to such transaction, no Event of Default, and no event which,
after notice or lapse of time, or both, would become an Event of Default, shall have happened and be continuing; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that such consolidation, merger, conveyance, transfer or lease and such supplemental
indenture comply with this Article Eight and that all conditions precedent herein provided for relating to such transaction have been complied with. 
 Section 8.02 Successor Corporation Substituted. 
 Upon any
consolidation or merger, or any conveyance, transfer or lease of all or substantially all of the properties and assets of the Company in accordance with Section 8.01, the successor Person formed by such consolidation or into which the
Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been
named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities and may be liquidated and dissolved. 

  
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 ARTICLE NINE 
 SUPPLEMENTAL INDENTURES 
 Section 9.01 Supplemental Indentures Without
Consent of Securityholders. 
 Without the consent of the Holders of any Securities, the Company, when authorized by a Board
Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(1) to evidence the succession of another Person to the Company, and the assumption by any such successor of the covenants
of the Company herein and in the Securities; or 
 (2) to add to the covenants of the Company, for the benefit of
the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series), or to surrender
any right or power herein conferred upon the Company; or 
 (3) to cure any ambiguity, to correct or supplement
any provision herein which may be defective or inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, which shall not adversely affect the interests of the
Holders of Outstanding Securities of any series in any material respect; or 
 (4) to secure payment of the
Outstanding Securities equally and ratably with certain other liens as and to the extent required by this Indenture; or 
 (5) to add to or change any of the provisions of this Indenture to the extent necessary to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal,
and with or without coupons, to change or eliminate any restrictions on the payment of principal of (or premium, if any) or interest, if any, on Registered Securities or to permit or facilitate the issuance of Securities in uncertificated form,
provided, that, any such action shall not adversely affect the interests of the Holders of Outstanding Securities of any series; or 
 (6) to add any additional Events of Default (and if such Events of Default are to be for the benefit of less than all series of Securities stating that such Events of Default are expressly being included
solely for the benefit of such series); or 
 (7) to make any change not otherwise permitted by this Section
9.01 that does not adversely affect the rights of any Securityholder; or 
 (8) to add or change or eliminate
any provisions of this Indenture as shall be necessary or desirable in accordance with the Trust Indenture Act; or 

  
 47 

 (9) to establish the form and terms of Securities of any series as permitted
by Sections 2.01 and 3.01; or 
 (10) to evidence and provide for the acceptance of appointment
hereunder by a successor Trustee with respect to Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more
than one Trustee, pursuant to the requirements of Section 6.11(b); or 
 (11) to change or eliminate
any of the provisions of this Indenture, provided, that, any such change or elimination shall become effective only when there is no Outstanding Security of any series created prior to the execution of such indenture supplemental hereto which
is entitled to the benefit of such provision. 
 Section 9.02 Supplemental Indentures with Consent of
Securityholders. 
 With the consent of the Holders of not less than a majority in principal amount of the Outstanding
Securities of each series affected by such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee may enter into an indenture or
indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of the Securities of such series
under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby: 

(1) change (except for extensions pursuant to Section 3.10) the Stated Maturity of the principal of, or any
installment of interest, if any, on, any Security of such series, or reduce the principal amount thereof or the rate of interest, if any, thereon or any premium payable upon the redemption thereof, or reduce the amount of principal of an Original
Issue Discount Security that would be due and payable upon a declaration of acceleration of Maturity thereof pursuant to Section 5.02, or change the Currency in which, any Security (or premium, if any) or the interest, if any, 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 or repayment, on or after the Redemption Date or Repayment Date); or 

(2) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is
required for any such supplemental indenture or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults applicable to such series hereunder and their consequences) provided
for in this Indenture; or 
 (3) modify any of the provisions of this Section 9.01 or
Section 5.13, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security of such series affected
thereby. 

  
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 A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be
deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 
 It shall not be
necessary for any Act of Securityholders under this Section 9.01 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

Section 9.03 Execution of Supplemental Indentures. 
 In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article Nine or the modifications thereby of the trusts created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture.
The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 9.04 Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture under this Article Nine, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this
Indenture for all purposes; and every Holder of Securities of any series affected thereby theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

Section 9.05 Conformity with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article Nine shall conform to the requirements of the Trust Indenture Act as then in effect. 

Section 9.06 Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article
Nine may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to
conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 

  
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 ARTICLE TEN 
 COVENANTS 
 Section 10.01 Payment of Principal, Premium and Interest.

 The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the
principal of (and premium, if any) and interest, if any, on the Securities of such series in accordance with the terms of the Securities and this Indenture. Except as otherwise specified with respect to the Securities of a series as contemplated by
Section 3.01, the interest, if any, due in respect of any temporary Global Security or any Permanent Global Security shall be payable only upon presentation thereof to the Trustee for notation thereon of the payment of such interest.
Unless otherwise specified with respect to Securities of any series pursuant to Section 3.01, at the option of the Company, all payments of principal may be paid by check to the registered Holder of the Registered Security or other
person entitled thereto against surrender of such Security. 
 Section 10.02 Maintenance of Offices or Agencies.

 The Company will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that
series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such series and this
Indenture may be served. The Company initially designates an office of the Trustee in the Borough of Manhattan, the City of New York, as its agency, and the Trustee is hereby appointed initially as its agent thereat, for such purposes. The Company
will give prompt written notice to the Trustee of the location, and any change in the location, of any 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 principal 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 from time to time designate one or more other offices or agencies where the
Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve
the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change
in the location of any such other office or agency. 
 Section 10.03 Money for Securities Payments to be Held in
Trust. 
 If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on
or before each due date of the principal of (and premium, if any) or interest, if any, on any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and
premium, if any) or interest, if any, so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its failure so to act. 

  
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 Whenever the Company shall have one or more Paying Agents for any series of Securities, it
will, prior to each due date of the principal of (and premium, if any) or interest, if any, on, any Securities of such series, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest, if any, so becoming
due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its failure so to act. 

The Company will cause each Paying Agent for any series of Securities, other than the Trustee, to execute and deliver to the Trustee an
instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 10.03, that such Paying Agent will 
 (1) hold all sums held by it for the payment of principal of (and premium, if any) or interest, if any, on Securities of such series in trust for the benefit of the Persons entitled thereto until such
sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (2) give the Trustee notice of
any default by the Company (or any other obligor upon the Securities of such series) in the making of any payment of principal of (and premium, if any) or interest, if any, on the Securities of such series; and 

(3) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the
Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any time, for the purpose of obtaining the
satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the
same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.

 Any money deposited with the Trustee or any Paying Agent or then held by the Company in trust for the payment of the
principal of (and premium, if any) or interest, if any, on any Security of any series and remaining unclaimed for two (2) years after such principal (and premium, if any) or interest, if any, has become due and payable shall be paid to the
Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of
the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any
such repayment, may at the expense of the Company mail to each such Holder 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 mailing, any unclaimed balance
of such money then remaining will be repaid to the Company. 

  
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 Section 10.04 Statement as to Compliance. 

The Company will deliver to the Trustee, within 120 days after the end of each fiscal year (which at the date hereof ends on
December 31), a written statement signed by the principal executive officer, the principal financial officer or the principal accounting officer of the Company, stating that 

(1) a review of the activities of the Company during such year and of performance under this Indenture has been made under
his supervision and 
 (2) to the best of his knowledge, based on such review, the Company has fulfilled all its
obligations under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to him and the nature and status thereof. 

Section 10.05 Waiver of Covenants. 
 The Company may omit in any particular instance to comply with any covenant or condition set forth in this Article Ten (other than in Section 10.01, 10.02, 10.03 or
10.04) with respect to the Securities of any series, if before or after the time for such compliance the Holders of at least a majority in principal amount of the Securities of such series at the time Outstanding shall, by Act of such
Holders, either waive such compliance in such instance or generally waive compliance with such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, and, until such
waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. 
 Section 10.06 Defeasance of Certain Obligations. 
 If this
Section 10.06 has been specified in accordance with Section 3.01 to be applicable to Securities of any series, the Company may omit to comply with any term, provision or condition set forth in this Indenture or in any
indenture supplemental hereto or Board Resolution establishing the terms of any series of Securities in accordance with Section 3.01 to which this Section 10.06 is made applicable, and Section 5.01(c) with respect
to compliance with such term, provision or condition shall be deemed not to be an Event of Default, in each case with respect to the Securities of that series, when 

(1) with reference to this Section 10.06, the Company has deposited or caused to be deposited with the Trustee
irrevocably (irrespective of whether the conditions in Clauses (2), (3), (4), (5) and (6) below have been satisfied, but subject to the provisions of Section 4.02(b) and the last paragraph of
Section 10.03), as trust funds in trust for the purpose, 
 (A) moneys, or 

  
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 (B) securities evidencing direct general obligations of, or obligations the
payment of the principal and interest of which are unconditionally guaranteed by, the United States, which obligations, or the guaranty of which, constitutes the full faith and credit obligation of the United States, which securities shall not be
callable or redeemable at the option of the issuer and which securities mature and bear interest in such amount and at such times as will provide moneys, or 
 (C) a combination thereof, 
 in an amount sufficient to pay (without reinvestment) and discharge
the principal of (and premium, if any) and each installment of principal of (and premium, if any) and interest, if any, on such Outstanding Securities on the Stated Maturity of such principal or installment of principal or interest, if any, or any
mandatory sinking fund payments or analogous payments applicable to Securities of such series on the day on which such payments are due and payable in accordance with the terms of the Indenture and of such Securities; 

(2) the Company has paid or caused to be paid all other sums payable hereunder by the Company in respect of the Securities
of such series; 
 (3) such deposit shall not cause the Trustee with respect to the Securities of that series to
have a conflicting interest for purposes of the Trust Indenture Act with respect to the Securities of any series; 
 (4) no Event of Default or event which with the giving of notice or lapse of time, or both, would become an Event of Default with respect to the Securities of that series shall have occurred or be
continuing on the date of such deposit and no Event of Default under Section 5.01(d) or 5.01(e) or an event which with the giving of notice or lapse of time, or both, would become an Event of Default under
Section 5.01(d) or 5.01(e) shall have occurred and be continuing on the 91st day after such date; 
 (5) the Company has delivered to the Trustee an Opinion of Counsel to the effect that Holders of the Securities of such series will not recognize income, gain or loss for Federal income tax purposes as a
result of such deposit and defeasance of certain obligations and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; and

 (6) the Company has delivered to the Trustee (A) an Officers’ Certificate and an Opinion of Counsel
each stating that all conditions precedent herein provided for relating to the defeasance in respect of the Securities of such series contemplated by this Section 10.06 have been complied with and (B) if securities have been
deposited pursuant to Clause (1) of this Section 10.06, a certificate of independent certified public accountants stating that such securities mature and bear interest in such amounts and at such times as will (together with
any moneys otherwise provided pursuant to Clause (1) of this Section 10.06) provide sufficient moneys as provided in Clause (1) of this Section 10.06. 

  
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 Section 10.07 Additional Amounts. 

If the Securities of a series provide for the payment of additional amounts as contemplated by Clause (12) of
Section 3.01, the Company will pay to the Holder of any Security of such series additional amounts upon the terms and subject to the conditions provided therein. Whenever in this Indenture there is mentioned, in any context, the payment
of the principal of (or premium, if any) or interest, if any, on or in respect of, any Security of any series or the net proceeds received at Maturity or on the sale or exchange of any Security of any series, such mention shall be deemed to include
mention of the payment of additional amounts provided for in this Section 10.07 to the extent that, in such context, additional amounts are, were or would be payable in respect thereof pursuant to the provisions of this
Section 10.07 and express mention of the payment of additional amounts (if applicable) in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention is not made.

 If the Securities of a series provide for the payment of additional amounts, at least 10 days prior to the first Interest
Payment Date with respect to such series (or if the Securities of such series will not bear interest prior to Maturity, the first day on which a payment of principal (and premium, if any) is made), and at least 10 days prior to each date of payment
of principal (and premium, if any) or interest, if any, if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company will furnish the Trustee and the Company’s principal
Paying Agent or Paying Agents, if other than the Trustee, with an Officers’ Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of (or premium, if any) or interest, if any, on the
Securities of such series shall be made to Holders of Securities of such series who are United States Aliens without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of that series. If any
such withholding shall be required, then such Officers’ Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities and the Company will pay to the Trustee or such Paying Agent
the additional amounts, if any, required by this Section 10.07. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without
negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section 10.07. 

ARTICLE ELEVEN 

REDEMPTION OF SECURITIES 
 Section 11.01 Right of Redemption. 
 The Securities of each series
shall be subject to such optional redemption or mandatory redemption, or both, as shall be set forth in the Board Resolution or supplemental indenture in or pursuant to which such series is established. 

  
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 Section 11.02 Applicability of Article. 

Redemption of Securities of any series at the election of the Company or otherwise, as permitted or required by their terms, shall be
made in accordance with such terms and, except as otherwise specified pursuant to Section 3.01 for the Securities of such series, this Article Eleven. 
 Section 11.03 Election to Redeem; Notice to Trustee. 
 In case of any
redemption at the election of the Company of less than all the Securities of any series, the Company shall, at least 45 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee) notify the
Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. 
 Section 11.04
Selection by Trustee of Securities to be Redeemed. 
 Except as otherwise provided pursuant to Section 3.01,
if less than all the Securities of any series are to be redeemed, the particular Securities to be redeemed shall be selected not more than 45 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not
previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions of the principal of Securities of such series of a denomination larger than $1,000.
The portions of the principal of Securities so selected for partial redemption shall be equal to $1,000 or the smallest authorized denomination of the Securities of such series, whichever is greater, or an integral multiple thereof. 

The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security
selected for partial redemption, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture, unless the
context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal of such Security which has been or is to be
redeemed. 
 Section 11.05 Notice of Redemption. 

Notice of redemption shall be in the manner provided in Section 1.06 not less than 30 nor more than 45 days prior to the
Redemption Date, to each Holder of Securities to be redeemed. 
 All notices of redemption shall state: 

(1) the Redemption Date, 
 (2) the Redemption Price, 
 (3) if less than all Outstanding
Securities of any series are to be redeemed, the identification (and, in the case of partial redemption, the respective principal amounts) of the particular Securities to be redeemed, 

  
 55 

 (4) that on the Redemption Date the Redemption Price will become due and
payable upon each such Security, and that interest, if any, thereon shall cease to accrue from and after said date, 
 (5) the place or places where such Securities maturing after the Redemption Date are to be surrendered for payment of the Redemption Price and accrued interest, if any, which shall be the office or agency
of the Company in each Place of Payment with respect to Securities of such series, and 
 (6) that the redemption
is for a sinking fund, if such is the case. 
 Notice of redemption of Securities to be redeemed at the election of the Company
shall be given by the Company or, at the Company’s request, by the Trustee in the name of and at the expense of the Company. 
 Failure to give such notice to the Holder of any Security or any defect in such notice given to the Holder of any Security shall not affect the validity of the proceedings for any other Security or part
thereof. 
 Section 11.06 Deposit of Redemption Price. 

Prior to any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own
Paying Agent, segregate and hold in trust as provided in Section 10.03) 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, if any, to the
Redemption Date on all the Securities which are to be redeemed on that date. 
 Section 11.07 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, together with accrued interest, if any, to the Redemption Date, and from and after such date (unless the Company shall default in the payment of the Redemption Price
and accrued interest, if any) such Securities shall cease to bear interest. Upon surrender of such Securities for redemption in accordance with said notice, such Securities shall be paid by the Company at the Redemption Price, together with accrued
interest to the Redemption Date; provided, however, that, unless otherwise specified with respect to the Securities of such series pursuant to Section 3.01, installments of any interest on Registered Securities of such
series the Stated Maturity of which interest is on or prior to the Redemption Date shall be payable (but without interest thereon, unless the Company shall default in the payment thereof) to the Holders of such Registered Securities, or one or more
Predecessor Securities, registered as such at the close of business on the relevant Regular Record Dates according to their terms and the provisions of Section 3.07. 

  
 56 

 If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Security (or, in the case of any Original Issue Discount Security, such Security’s Yield to Maturity).

 Section 11.08 Securities Redeemed in Part. 

Any Registered 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 Registered Security or Registered 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 Registered Security so surrendered. Any Permanent Global Security which is to be redeemed only in part shall be so surrendered, and the Company
shall execute, and the Trustee shall authenticate and deliver to the depositary for such Permanent Global Security, without service charge, a new Permanent Global Security in a denomination equal to and in exchange for the unredeemed portion of the
principal of the Permanent Global Security so surrendered. 
 ARTICLE TWELVE 

SINKING FUNDS 

Section 12.01 Applicability of Article. 
 Redemption or retirement of Securities of any series through operation of a sinking fund, as permitted or required by their terms, shall be made in accordance with such terms and, except as otherwise
specified as contemplated by Section 3.01 for the Securities of such series, this Article Twelve. 
 The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of
Securities of any series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in
Section 12.02. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of the Securities of such series. 

Section 12.02 Satisfaction of Sinking Fund Payments with Securities. 

The Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption), and (2) may
apply as a credit Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such
Securities, in each case in satisfaction of all or any part of any sinking fund payment with 

  
 57 

 
respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, however, that such
Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount
of such sinking fund payment shall be reduced accordingly. 
 Section 12.03 Redemption of Securities for Sinking
Fund. 
 Not less than 60 days prior to each sinking fund payment date for any series of Securities or such shorter period
as shall be satisfactory to the Trustee, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for Securities of such series 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 of such series pursuant to Section 12.02 and will also deliver to the
Trustee any Securities to be so delivered. The Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 11.04 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 11.05. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 11.07
and 11.08. 
 ARTICLE THIRTEEN 
 [INTENTIONALLY OMITTED] 
 ARTICLE FOURTEEN 

REPAYMENT AT THE OPTION OF HOLDERS 
 Section 14.01 Applicability of Article. 
 Securities of any series
which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance with their terms and (except as otherwise specified pursuant to Section 3.01 for Securities of such series) in accordance
with this Article Fourteen. 
 Section 14.02 Repayment of Securities. 

Each Security which is subject to repayment in whole or in part at the option of the Holder thereof on a Repayment Date shall, unless
otherwise provided in its terms, be repaid at the applicable Repayment Price together with interest accrued to such Repayment Date as specified pursuant to Section 3.01. 

Section 14.03 Exercise of Option; Notice. 
 Each Holder desiring to exercise such Holder’s option for repayment shall, as conditions to such repayment, surrender the Security to be repaid in whole or in part together

  
 58 

 
with written notice of the exercise of such option at any office or agency of the Company in the Place of Payment, not less than 30 nor more than 45 days prior to the Repayment Date. Such notice,
which shall be irrevocable, shall specify the principal amount of such Security to be repaid, which shall be equal to the minimum authorized denomination for such Security or an integral multiple thereof, and shall identify the Security to be repaid
and, in the case of a partial repayment of the Security, shall specify the denominations of the Security or Securities of the same series to be issued to the Holder for the portion of the principal of the Security surrendered which is not to be
repaid. 
 The Company shall execute and the Trustee shall authenticate and deliver without service charge to the Holder of any
Registered Security so surrendered a new Registered Security or Securities of the same series, of any authorized denomination specified in the foregoing notice, in an aggregate principal amount equal to any portion of the principal of the Registered
Security so surrendered which is not to be repaid. 
 For all purposes of this Indenture, unless the context otherwise requires,
all provisions relating to the repayment of Securities shall relate, in the case of any Security repaid or to be repaid in part, to the portion of the principal of such Security which has been or is to be repaid. 

Section 14.04 Securities Payable on the Repayment Date. 

Notice of exercise of the option of repayment having been given and the Securities so to be repaid having been surrendered as aforesaid,
such Securities shall, on the Repayment Date become due and payable at the price therein specified and from and after the Repayment Date such Securities shall cease to bear interest and shall be paid on the Repayment Date, unless the Company shall
default in the payment of such price in which case the Company shall continue to be obligated for the principal amount of such Securities and shall be obligated to pay interest on such principal amount at the rate borne by such Securities from time
to time until payment in full of such principal amount. 
 ARTICLE FIFTEEN 

IMMUNITY OF INCORPORATORS, SHAREHOLDERS, 
 OFFICERS AND DIRECTORS 
 Section 15.01 Exemption from Individual
Liability. 
 No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for
any claim based thereon or otherwise in respect thereof, shall be had against any incorporator, shareholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either directly or through the
Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate
obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, shareholders, officers or directors, as such, of the Company or of any successor corporation, or any of them, because of the
creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or 

  
 59 

 
agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability, either at common law or in equity or by constitution or
statute, of, and any and all such rights and claims against, every such incorporator, shareholder, officer or director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or
agreements contained in this Indenture or in any Securities of any series implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issue of such Securities.

 This Indenture may be executed in any number of counterparts, each of which will be deemed to be an original, but all such
counterparts together will constitute one and the same instrument. 

  
 60 

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

			
	ORBCOMM INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	[                            
            ], as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 61Product Manufacturing Agreement

 Exhibit 10.37 

PRODUCT MANUFACTURING AGREEMENT 
 This Product Manufacturing Agreement (the “Agreement”) is entered into as of December 1, 2011, by and between RF Monolithics, Inc., a corporation duly organized under the laws of the State
of Delaware, having its principal place of business at 4441 Sigma Road, Dallas, TX, 75244, U.S.A. (hereinafter referred to as “Company”) and Tai-Saw Technology Co., Ltd. a corporation duly organized and existing under the laws of the
Taiwan with its principal place of business at No. 3, Industrial 2nd Rd., Ping-Chen Industrial District, Taoyuan, 324, Taiwan, R.O.C. (hereinafter referred to as “Contractor”). A Party to this Agreement is sometimes referred to herein as a “Party” and
more than one Party hereto are sometimes referred to collectively as the “Parties”. This Agreement and that certain VWO Die Manufacturing Agreement dated the date of this Agreement supersede that certain Product Manufacturing Agreement
effective November 1, 2009, as amended. 
 RECITALS 

WHEREAS, Company and Contractor desire to enter into an agreement for certain manufacturing and production
services for Product, whereby Contractor will Manufacture (defined below) for Company certain Product at the Factory (defined below) in accordance with the Specifications (defined below) and instructions of Company; 

NOW THEREFORE, in consideration of the premises and mutual promises, covenants and agreements hereinafter set
forth, the Parties hereto agree as follows: 
 1. Definitions. 

1.1 General. The terms set forth below in this section 1 shall have the meanings ascribed to them
below, or as ascribed in the paragraph referenced: 
 Affiliate: with respect to any Person, shall mean any Person that
directly or indirectly controls, is controlled by or is under common control with such Person. 
 Annual Review Process: shall
mean the process conducted by Company and Contractor to review commitments for the coming year concerning Product pricing, production levels, inventory levels, Product quality and reliability, and service levels. This process normally occurs during
Company’s first fiscal quarter (the three months ending November 30), to review the previous year’s performance. 
 Approved Vendor: see paragraph 2.4 of this Agreement 
 Approved Vendor List: see
paragraph 2.4 of this Agreement. 

  

					
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 Best Efforts: a Party’s reasonable and prudent efforts in accordance
with the commercial practice of Manufacture 
 Change in Control: see paragraph 19.2.3 of this Agreement.

 Change Procedure: see paragraph 2.2.2 of this Agreement. 

Consignment: property, including but not limited to equipment, Product and Materials, that is owned by Company that is
used by Contractor to fulfill the purposes of this Agreement. 
 Control Plan: A representation of
Contractor’s process flow, process parameters and controls, and action responses to out-of-control situations associated with Product Manufacture, which is used by Contractor to support Product Manufacture for Company. 

Critical Processing Supplies: those consumable supplies used in Manufacture of Product that have been found by Company
to have a direct impact on the yield, quality, reliability or performance of Product, and are thus required to be used in Manufacture of Product by Contractor by virtue of inclusion on the Approved Vendor List. 

Defective Unit: Product returned from Company’s customers or Company’s other contractor(s) that do not meet
specification due to fabrication or assembly processing problems. See paragraph 2.8 of this Agreement. 

Delivery Date: the date on which the finished Product is delivered to the freight forwarder designated or approved by
Company. 
 Delivery Point: see paragraph 9.2 of this Agreement. 

Die: individual unpackaged SAW devices, inductors, or custom integrated circuit devices, either in diced or wafer form
whether purchased or fabricated by Contractor. Die sold separately to Company are subject to the terms of the Separate VWO Die Supply Manufacturing Agreement. 
 Electrical Test: a verification of the electrical functions of Product. 
 Engineering Change Procedure: Company’s documented and controlled procedure for making revisions to drawings, process procedures, test specifications and other official documents used to Manufacture
Product. 
 Equipment: any equipment used for a Product production line, including but not limited to
manufacturing and Electrical Test equipment, whether solely owned by Company (Provided Equipment), Contractor, or jointly owned by Company and Contractor (Shared Equipment). 

  

					
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 FCA: Free Carrier as defined in Incoterms 2010 as published by the
International Chamber of Commerce. 
 Factory: Contractor’s manufacturing facility for Product located at
either Taoyuan, Taiwan or Wuxi, China. 
 Final Lot Acceptance Test: the series of electrical and physical
performance tests and visual inspections performed by Company representatives as the last step in the manufacturing process to ensure compliance to Company Specifications and Product’s fitness for use or sale. 

Finished Goods: any Product that is 100% complete, inspected, tested, and either stored in Contractor’s warehouse
facilities, or packed in a shipping container awaiting shipment. 
 Finishing Materials: shipping tubes, reels,
waffle packs, gel packs and similar items, labels, tickets and shipping cartons used to ship Finished Goods per Company Specifications 
 Improvements: shall mean any invention, information, development, technology or modification, of any nature or form, and any part or combination of parts, or method of using or manufacturing such part or
combination of parts, developed during the term of this Agreement by either Company or Contractor, which would improve a Product, including, without limitation, any development the use of which affects the Product in any of the following ways:

  

	 	–	 Reduces costs; 

	 	–	 Improves performance; 

	 	–	 Improves handling, yields or productivity in the manufacturing process; 

	 	–	 Broadens applicability; 

	 	–	 Increases marketability, or 

	 	–	 Improves appearance. 

 Indemnified Amounts: see paragraph 18.1 of this Agreement. 

Indirect Materials: any and all Materials which are used and consumed during the practice of Manufacture but which do
not become, and are not identifiable, as a physical part of Product (e.g., solvents, adhesives, gloves, etching fluids, photoresist, etc.) 
 Joint Intellectual Property: see paragraph 22.4 of this Agreement. 
 Manufacture: the complete process of assembly and test of Product into Finished Goods, using one or more Piece Parts such as Die or Package(s), as required under this Agreement. 

  

					
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 Manufacturing Data: all data prepared or collected in connection with the
performance of services under this Agreement, including, but not limited to, any reports, compilations of data, drawings, sketches, formulas, designs, analyses, graphs, notes, memoranda and notebooks. 

Manufacture Defect: any defect that is attributable to the Manufacture of Product by Contractor under this Agreement.

 Materials: all raw materials, Critical Processing Supplies (as defined above) Finishing Materials and wafers
required by Contractor to Manufacture Products. 
 New Product: new items or variations of current Product that
Company and Contractor have agreed in writing to be covered by this Agreement. 
 Package: with reference to
Manufacture of Product, a container for a designated and specified set of Piece Parts that upon completion of Manufacture can become a Unit of Product. 
 Person: any individual, firm, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization, government or agency or subdivision thereof or any other
entity. 
 Piece Parts: the individual components that are used to make up a Product such as headers,
Package(s), lids and substrates. Piece Parts are Materials. 
 Product: means all products produced by
Contractor for Company pursuant to this Agreement. Product excludes (i) RLF produced products and (ii) Spirals fabricated on TST’s other product fabrication equipment using TST’s fabrication processes. From time-to-time the
description of and Specifications for Product(s) may be amended by change requests and the introduction of New Products in accordance with paragraphs 2.2 and 2.3 of this Agreement. 

Provided Equipment: any equipment, including but not limited to, manufacturing and Electrical Test equipment, including
test fixtures, supplies, Materials, and documentation which Company provides to Contractor for use in providing services under this Agreement and for which Company retains ownership. 

Purchased Materials: Materials purchased and used by Contractor to Manufacture Product for Company. Examples of
Purchased Materials are Critical Processing Supplies, wafers, package(s), and lids. 
 Purchase Order: document
issued and used by Company to authorize Contractor to Manufacture Product. This is the only document used by Company to authorize Contractor to Manufacture Product. See section 6 of this Agreement. 

  

					
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 Quality Standards: the body of information contained in Company quality
documents and procedures such as Company’s “Workmanship and Quality Standards” that describe Product’s fitness for sale or the quality and reliability of Product. 

Quarterly Operations Reviews: the process conducted by Company and Contractor to review such items as yields, cycle
times, delivery performance, quality metrics, inventory levels and cost reduction roadmaps. This process normally occurs within 3 weeks of the end of Company’s fiscal quarters (which ends on Nov. 30, Feb. 28, May 31, and Aug. 31).

 RLF: RFM Legacy Fab, which is a Contractor wafer fabrication and processing facility for which Contractor
purchased equipment from Company for the purposes of fabricating Die using RFM developed product fabrication processes. Manufacturing of Die in the RLF is addressed in the VWO Die Manufacturing Agreement and is not addressed by this Agreement.

 SAW: Surface Acoustic Wave device. 

Shared Equipment: any equipment, including but not limited to, manufacturing and Electrical Test equipment, including
test fixtures, supplies, Materials, and documentation for use in providing services under this Agreement and that is jointly owned by Company and Contractor. 
 Six-Month Forecast: see section 7 of this Agreement. 

Specifications: drawings, criteria, and documented specifications including but not limited to process flow chart, test
flow chart, test specification, bills of materials, mount-bond diagram, process procedures, Approved Vendor List, marking diagrams, packaging and shipping specifications and Materials specifications. Additional Specifications may be issued from
time-to-time by Company as New Products are introduced into Manufacture. 
 Spirals: individual unpackaged SAW
devices that are produced by Contractor that are sold as Finished Goods to Company, but using TST’s fabrication processes on TST’s other product fabrication equipment. The manufacture of Spirals is addressed in the VWO Die Manufacturing
Agreement and is not addressed by this Agreement. 
 Technical Information: any information which relates to
the design, structure, functions, operation, fabrication, Manufacture, use, lease, sale or other disposition of Product or Equipment, and which is owned, developed, discovered or otherwise acquired by Company at any time prior to the expiration or
termination of the term of this Agreement, and which is disclosed or transferred by Company to Contractor, or which Contractor has access to or obtains, or which becomes known to Contractor, under or pursuant to this Agreement. 

  

					
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 Technical Data: any tangible medium embodying Technical Information, which
is owned, developed, discovered or otherwise acquired by Company at any time prior to the expiration or termination of the term of this Agreement, including but not limited to plans, Specifications, material lists (bills of materials), machine
drawings, software and instructions, whether in human or machine readable form. 
 Tools and Fixtures: holding,
locating or interfacing aids that are necessary to facilitate the fabrication, assembly, testing, inspection, packing and shipping of Product. Typical Tools and Fixtures include, but are not limited to test fixtures, sealing fixtures and wire
bonding fixtures and Die mounting fixtures. 
 USD: United States dollars. 

Value Added: the price for Materials that Contractor provides and Manufacture that Contractor performs for Product
supplied by Contractor. 
 Workweek: the seven (7) calendar days beginning on Monday and ending on Sunday.

 1.2 Specialized Terms. Certain capitalized terms used only in one section of this Agreement shall
have the meanings ascribed thereto in such section and are not included in this section 1. 
 2.
         Services. 
 2.1
        Manufacturing Services. 
 2.1.1 General. Contractor
covenants and agrees to Manufacture the Products that Company requests it to Manufacture at the Factory utilizing Materials and any Provided Equipment Company consigns to Contractor and/or Materials purchased by Contractor, and Tools and Fixtures,
machinery, equipment, and computer systems of Contractor. Contractor agrees that the Manufacture of Product hereunder shall be carried out in a good and workmanlike manner in compliance with the Specifications and instructions of Company provided to
Contractor in writing from time-to-time as specified herein. Contractor agrees to provide fabrication, manufacturing and production services to meet Company’s Manufacture requirements in accordance with section 6 of this Agreement. Changes to
forecast shall not affect Product pricing, unless mutually agreed in writing by the Parties hereto. Contractor shall have available to Manufacture Product all facilities, employees, Equipment (whether owned equipment, by Contractor or Shared
Equipment or Provided Equipment), spare parts for owned equipment and Provided Equipment, computer systems and any other items required to Manufacture the Product ordered by Company. Company shall provide to Contractor all Specifications, manuals
and other relevant documentation, any special equipment, necessary to Manufacture Product. 

  

					
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 2.1.2 Use of Contractor Processes; Control Plans: Contractor may use
its standard processes, so long as they conform to Company’s Specifications and quality requirements and are approved in writing by Company prior to their being used to Manufacture Product. Company shall approve Contractor’s Control Plans,
and such Control Plans shall be consistently maintained by Contractor as long as Contractor manufactures Product. 
 2.1.3 Materials: Contractor shall Manufacture Product using Materials and Critical Processing Supplies procured from suppliers on Company’s Approved Vendor List or provided on Consignment from
Company, and using manufacturing processes approved by Company. 
 2.1.4 Tools and Fixtures: Company may
provide sufficient quantities of Company developed Tools and Fixtures necessary to Manufacture a limited quantity of Product and provide insight to Contractor regarding the use of Tools and Fixtures in the Manufacture of Product. The exact quantity
of Tools and Fixtures necessary for Manufacture of such limited quantity of Product will be determined through discussion between Company and Contractor. Contractor has the responsibility to procure or fabricate at Contractor’s sole expense,
additional Tools and Fixtures needed to support increasing volumes of Product required by Company Purchase Order(s). Contractor also has the responsibility to maintain, at Contractor’s sole expense, any and all Tools and Fixtures used, whether
consigned by Company or procured or fabricated by Contractor. 
 2.2 Changes and Revisions.  

Contractor agrees that any change to any manufacturing process used by Contractor to Manufacture Product, Critical
Processing Supplies, Specifications, Tools and Fixtures, or outsourcing services affecting Manufacture of Product shall be approved in writing by Company prior to implementation by Contractor. 

2.2.1 Company Requested Changes: Company shall have the right at any time to make changes in drawings, designs,
Specifications, Materials, packaging, quantities of Product ordered (except as restricted by the Table in section 7), time and place of delivery and method of transportation. Company will request changes by submitting an Engineering Change Notice
using Company’s Change Procedure, a request for change(s) in Delivery Date(s), revised shipping information or similar document. Submission must be in writing and can be transmitted using electronic means such as facsimile or electronic mail.
Contractor has five (5) working days to review and reject Company requested changes. If Contractor does not provide timely notice of rejection of any changes, it shall be deemed to have accepted all changes not so rejected, subject to
reasonable price adjustments attributable solely to such change. There will be no change in manufacturing or production service until accepted, in writing, or by failure to provide timely notice of rejection, by Contractor. If any such changes cause
an increase or decrease in the cost or the time required for performance of Company’s Purchase Order, Contractor shall notify Company in writing (stating the amount of the increase or decrease) within five (5) working days, after receipt
of such notice. If such notice concerning an adjustment to cost or time required for performance is timely given, an equitable adjustment shall be made. Contractor agrees to proceed with the performance of this Agreement in accordance with Company
Purchase Order(s) with regard to Product not affected by the request for change. 

  

					
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 2.2.2    Specification Change Procedure: Changes
to Specifications by Company will be made according to Company’s Engineering Change Procedure (RFM Procedure 000-0101-001) (the “Change Procedure”). Contractor will be notified of the revision to Specifications by transmission of a
revised Specification document by facsimile or electronic mail. Contractor shall provide acknowledgment of receipt of the revised Specification document by facsimile or electronic mail within 3 working days after receipt. Simultaneously, Contractor
shall inform Company if Contractor cannot implement the revision as required. If Contractor does not provide timely notice of its inability to implement the required revisions, it shall be deemed to have agreed to such revisions, subject to
reasonable price adjustments attributable solely to such change. 
 2.2.3    Contractor
Requested Specification Changes: If Contractor proposes to change the Specifications with respect to any Product, it shall provide Company written notice thereof and shall implement such changes only upon written consent from Company. In no
event shall Contractor Manufacture Product other than strictly in accordance with the Specifications or amendments thereto, which Company has approved in writing. Company will not unduly withhold approval of requested changes, but Contractor
recognizes that approval for Contractor requested changes to Specifications may require significant investigation and possibly interactions with customers, all of which may take considerable time to accomplish. Company will endeavor to keep
Contractor informed regarding the status of requested changes. 
 2.3    New
Product. 
 Company may from time to time request Contractor to Manufacture, and perform prototype and
pilot testing for any future versions of Product developed after the date of this Agreement by Company (each a “New Product”). Such request shall be accompanied by all Specifications and other relevant documentation necessary to
Manufacture the New Product. Upon receipt of such information, Contractor shall provide to Company the price to perform prototype and pilot Manufacture for such New Product and the estimated time schedule required to implement the Manufacture of the
New Product. Contractor shall not be obligated to Manufacture or perform any services hereunder with respect to such price and time schedule for implementation until Contractor and Company agree to such price and time schedule. 

  

					
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 2.4 Approved Vendor List. 

With respect to each component part comprising Materials and Critical Processing Supplies Company shall maintain and
provide to Contractor a list of suppliers approved by Company to supply Materials (the “Approved Vendor List”). Company may remove any supplier from or add any supplier to the Approved Vendor List with respect to any component part
comprising Materials by giving notice thereof to Contractor. A supplier or vendor not on the Approved Vendor List shall not provide Materials or services for the Manufacture of Product without Company’s written authorization. Contractor may
request removal or addition of a supplier to the Approved Vendor List at any time by submitting a written request thereof to Company. 
 Copies of Company pricing agreements shall be supplied to Contractor for Purchased Materials unless prohibited by agreement with the vendor or applicable law. Company will request Approved Vendors to
offer Contractor the same pricing and payment terms as provided to Company for Purchased Materials. 
 In case
Company decides to, or approves any Contractor request to, remove any supplier from or add any supplier to the Approved Vendor List, then the Parties shall re-evaluate the price of Product. 

2.5 Yield. 
 Both Parties understand and agree that production yield is a primary driver for manufacturing cost effectiveness and agree to strive to continually improve yields for Product. 

Incoming test and inspection, or an equally effective method, shall be used by Contractor to ensure that acquired
Product,, Package(s), Critical Processing Supplies and Materials conform to Specifications prior to their introduction into Contractor’s Factory. 
 2.5.1 Yield Responsibility: Optimization and stability of assembly and test yield for Product shall be the responsibility of Contractor. 

2.5.2 Failure Analysis Due to Yield Loss: Should Company encounter unacceptable yield loss at Final Lot
Acceptance Testing, Company may request that Contractor institute containment actions to reduce the unacceptable yield loss at Final Lot Acceptance Testing and perform a test, a series of tests, or take other appropriate actions to determine the
root cause of the unacceptable yield loss, and to institute corrective actions to prevent further occurrences of unacceptable yield loss at Final Lot Acceptance Testing. All such containment actions, tests performed and corrective actions will be
paid for by Contractor. However if it is determined that the unacceptable yield loss at Final Lot Acceptance Testing is directly attributable to the actions of Company, Contractor may request reimbursement from Company. 

  

					
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 2.6     Annual Review Process. 

Company and Contractor shall meet annually to review performance under this Agreement (Annual Review Process). Such
review shall include, but not be limited to, review of Contractor’s performance to Company’s Specifications and quality and service standards, inventory levels, Product pricing, and actual and potential cost reductions which would impact
prices charged to Company for Manufacture of Product. 
 2.7     Quarterly Operations
Review Process. 
 Company and Contractor shall conduct Quarterly Operations Reviews. Such meetings shall
include, but not be limited to, review of Contractor’s Product cycle times, delivery performance, quality metrics, inventory levels and cost reduction roadmaps and results. The meeting may be scheduled to combine with other reviews, such as the
annual review, or may be held via conference telephone call or video conference. 
 2.8
    Return Services. 
 2.8.1   Contact With Third Parties: Company will be the
recognized source for Product and will be the sole contact with Company’s customers. Company will issue all warranties to third parties for Product, but will be entitled to exercise its rights under paragraph 2.8.2 against Contractor as to any
defects therein. 
 2.8.2   Authorization for Returns: Product returns from third parties will be authorized
by Company in accordance with Company’s written procedures. Company may perform the initial failure analysis on returned Product. Those units indicating a defect due to assembly processing (Defective Unit) will be shipped to Contractor for
confirmation or performance of failure analysis at Contractor’s expense. Contractor is responsible for defining and implementation of containment actions, if any, and corrective actions to prevent future occurrences of the defect at his sole
expense. Company shall approve of containment and corrective actions prior to implementation by Contactor. Contractor’s liability as a result of any such defect shall be to provide a well performing and reliable replacement Unit for each
Defective Unit or compensation to Company for the amount charged to Company for each Defective Unit. 
 3.
        Technical Assistance. 
 Contractor may, either orally or in writing,
request technical assistance from Company at any time. Such assistance can be in the form of telephone, e-mail, facsimile correspondence or in-person interaction at either Company’s facilities in Dallas or at Contractor’s Factory. If
Contractor requests technical assistance outside Company’s facility, Company agrees to make available to Contractor the consulting services of engineering, quality and manufacturing specialists (hereinafter referred to as “Engineers”)
that it has to assist Contractor in the Manufacture of Product. Should Contractor request technical assistance from Company outside Company’s facility, both Parties will agree in writing on compensation amounts, if any, and payment terms for
the technical assistance prior to initiation of the technical assistance. Company agrees to dispatch Engineers in a timely fashion to provide requested assistance to Contractor after such agreement has been reached. Contractor agrees to remit
payment, if any, for technical assistance of Company Engineers within thirty (30) days after submission of a proper invoice by Company to Contractor, or in accordance with agreed-to amounts and terms as indicated above. 

  

					
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 4.         Other Support Services.

 From time-to-time during the term of this Agreement, Company may request Contractor to perform other support services. In
connection with the performance of any other support services, Company shall specify the services that Company desires Contractor to perform. Contractor shall notify Company within five (5) working days after receipt of Company’s request
of their intent to provide the requested service. If Contractor intends to provide the requested service, Contractor shall furnish Company the estimated time schedule to implement or complete the services and the estimated cost to Company. All
prices and scheduled delivery quantities and times will be detailed in a Purchase Order issued by Company to Contractor. 
 5.         Data. 

Contractor will periodically supply Company with reasonably requested data including, but not limited to, electrical
performance of Product, process parameter variation, inventories and production status. The frequency and format of the reporting will be agreed upon by Company and Contractor. 

6.         Purchase Orders. 

Company shall provide Contractor with a Purchase Order for Manufacture of Product. Such Purchase Order is
Contractor’s sole authorization for Manufacture of Product and invoicing Company for Product delivered. Contractor assumes full risk and responsibility, and Company shall not be required to share risk in any case where Contractor manufactured
Product for which no Purchase Order(s) was placed by Company to Contractor. Contractor agrees to immediately cease manufacturing of Product in each case where Company is forced to cancel Purchase Order(s) for Product as a result of one or more
Company customer Purchase Order cancellations. Contractor agrees to acknowledge Company’s Purchase Order within three (3) business days from receipt by e-mail or other electronic means, or notify Company that it needs a longer period of
time to accept Company’s Purchase Order. The Purchase Order shall come into force and effect from the date of Contractor’s acknowledgment of Company’s Purchase Order. Contractor, as well as Company, shall be bound by all terms and
conditions set forth in the Purchase Order consistent with the terms and conditions herein agreed upon. The Purchase Order will specify the Product, respective quantities, authorized price and Delivery Date(s). The price payable to Contractor for
any Product that has been sold to Company before the date of this Agreement shall be the price at which such Product most recently was sold by Contractor to Company (including applicable quantity discounts) until changed by mutual agreement or in
accordance with the terms of this Agreement. Pricing will not be effective for New Product until agreed to by both parties. In the event of any disagreement between a Purchase Order and this Agreement, the terms of this Agreement shall prevail.

  

					
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 6.1 Release of Work Orders to Manufacture Product. Company Purchase
Order(s) provide Contractor with authorization to release Contractor internal work orders for Manufacture of Product. Contractor agrees not to release internal work orders that result in greater quantities of Product being manufactured than
authorized by Company Purchase Order(s), factoring in normal yield and line losses. Contractor also agrees to take into account residual quantities of Product remaining from completion of previous internal work orders for the same Product when
deciding on the quantity of Product to be released into manufacturing to fulfill new Company Purchase Order(s). 
 6.2 Production and Delivery Dates. The Purchase Order shall specify a Delivery Date that is reasonably acceptable to Contractor. If applicable, Contractor agrees to allocate sufficient capacity for
Manufacture of Product to meet Company’s required Delivery Date(s). If applicable, Company agrees to supply Materials a minimum of one day prior to the associated starts at Contractor. 

7.         Forecasts. Company shall endeavor to provide monthly a six
(6) month, rolling forecast of Product(s) to be manufactured by Contractor under this Agreement (the “Six-Month Forecast”). Contractor shall acknowledge in writing acceptance of each Six-Month Forecast or provide notice to Company of
limited Factory capacity within five (5) working days after receipt of each Six-Month Forecast. Contractor acknowledges that the specific and summary information contained in Company’s forecasts reflect Company’s best, full and
complete knowledge of potential future quantities of Product needed by Company at the point in time when the forecast is prepared, and are subject to substantial and possibly dramatic change over the period of time the forecast covers. Contractor
acknowledges and agrees that such forecasts are provided for planning purposes only, and are not in any way an authorization by Company for Contractor to Manufacture Product. 
 The following Table shows the purpose of Company Purchase Order(s) and forecasts, as well as the allowable variations of the forecasts and the responsibilities of the Parties in providing or using these
documents. 
  

					
	Schedules	  	Purpose of Schedule	  	Variations
	
Purchase
 Order
	  	 Defines quantity of Product
Company will purchase from Contractor,
 Authorizes Contractor to Manufacture Product,
 Authorizes Shipment (Contractor), Receiving (Company),
 Invoicing (Contractor) and Payment
(Company)
	  	Only by changes, in writing, from Company

  

					
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	Six-Month Forecast    
	  	Provided for capacity, equipment, Materials and labor planning purposes
only.	  	First month total volume is fixed by Company Purchase
Order(s), but line items may change. Second and subsequent months may change in total and line item amounts in accordance with fluctuations in customer demand as reflected in Company Order(s)

 7.1     Forecast and Demand Changes. In the case where demand
for ordered Company Product suddenly and significantly drops, forcing Company to cancel existing Purchase Order(s), Contractor agrees to take any and all actions to return and/or cancel his orders for, and purchases of, Materials for the cancelled
portion of Company Purchase Order(s). Contractor agrees to make any reasonable effort to use and/or plan to use Materials affected by the cancellation of Company Purchase Order(s) to Manufacture its own or other companies’ products. Contractor
agrees to immediately cease Manufacture of all Product affected and only complete Manufacture of the quantities of Product not affected by the canceling of Company Purchase Order(s). 

In the case where Company’s forecast suddenly and significantly increases due to unexpected increases in customer
demand, Company and Contractor agree that any purchases of Materials to cover such demand will be handled in accordance with paragraph 8.1 of this Agreement. 
 8.         Inventory Risk Sharing. Company will provide inventory support to Contractor on the terms and conditions set forth in this section 8 (which for
the sake of clarity includes all of paragraphs 8 through 8.7). 
 8.1 Exclusions: Notwithstanding
anything in this section 8 to the contrary, Company shall not provide financial support for excess inventory caused by: 
 (i) cancellations of orders by other customers of Contractor, or 

(ii) Contractor purchasing or manufacturing inventory when it knows, or through the exercise of reasonable care should
know, that such action will result in excess inventory for any reason, including without limitation improved yields, lower line losses or reduced forecasts by Company or any other customer. 

8.2 Inventory Management and Control. Contractor agrees to use its Best Efforts to conduct its operations so as
not to have excess inventory entitled to support by Company under this section 8, consistent with prudent business practices. 

  

					
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 8.3 Limitations of Support. In the case where Company elects to
reimburse Contractor for 50% of the value of the excess inventory, Company’s total liability for all categories of excess inventory reimbursement shall be a maximum of USD 30,000 per quarter in the aggregate for all agreements that are in
place between Contractor and Company, except in the case where excess inventory is a consequence of Company and Contractor having jointly agreed to the speculative purchase of Materials per paragraph 8.4.1 or to the speculative Manufacture of
Product under paragraph 8.5.4 of this Agreement. 
 8.4 Excess Materials Inventory 

8.4.1 Excessive Materials Purchases: Contractor agrees to consult with Company and obtain agreement regarding the
purchase of any quantity of Materials in excess of that required to fulfill Company Purchase Order(s) and forecast (factoring in normal yield and line losses), including excess Materials that would result from a minimum order requirement being
imposed by one or more suppliers, prior to Contractor transacting the purchase of such Materials. Company agreement shall be provided in writing through electronic mail or facsimile. Company agrees to prompt dispatch of notification once agreement
has been reached. Contractor agrees not to submit purchase orders to suppliers for such Materials until agreement as to quantity is received in writing from Company. 

8.4.2 Timing and Factors to be Considered in the Determination of Excess Materials Inventory: Excess Materials
inventory shall be determined at the end of each fiscal quarter of Company. Company and Contractor agree that the actual risk of excess Materials inventory is governed by the lead times to acquire Materials to Manufacture the quantities of Product
to fulfill Company Purchase Order(s). Company and Contractor also agree that certain other factors such as actual yield versus forecasted yield, line loss, minimum order quantities and the existence of additional Company Purchase Order(s) and/or
other Contractor demand shall be considered in the determination of excess Materials inventory. 
 8.4.3
Determination of Excess Materials Inventory: The amount of excess Materials inventory at the end of each Company fiscal quarter will be the amount of Materials inventory actually on hand that has been idle for six months or more, adjusted as
provided in paragraphs 8.4.3.1 and 8.4.3.2 of this Agreement. 
 8.4.3.1 Exclusions: Contractor agrees
not to include in the calculation of such excess Materials inventory the following items: 
 (i) Any such
Materials that were determined to be excess at the end of any previous period. 
 (ii) That quantity of
Materials which has pending Company Purchase Orders which will consume it at any point in time in the future. 

(iii) Any Materials that Contractor could consume to fulfill its own or other customers’ requirements or orders.

  

					
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	 	(iv)	Any amount of safety or buffer stock (that amount of Materials inventory Contractor customarily keeps on hand to cover unanticipated Company or Contractor’s other
customer(s)’ purchase order increases or changes in purchasing lead times for Materials or Piece Parts). 

  

	 	(v)	Any amount of Materials resulting from Improvements made to the manufacturing process that would have otherwise been consumed by Company and other Contractor’s
customer(s)’ purchase order(s). 

  

	 	(vi)	Any amount of Materials Contractor purchased to obtain price breaks, preferential treatment, etc. 

 

	 	(vii)	Any amount of Materials purchased which were over and above the amount of Materials required to Manufacture Product to comply with Company and Contractor’s other
customers’ forecasts (taking into consideration inventory on hand at the start of the fiscal quarter), plus normal Contractor yield losses and line shrinkage, without advance authorization per paragraph 8.4.1 above. 

 

	 	(viii)	Any amount of Materials for which no Purchase Order(s) were placed by Company to Contractor for Product that would have consumed such Materials.

  

	 	(ix)	Excess Materials inventory resulting from actions described in paragraph 8.1 above. 

8.4.3.2 Inclusions: Company agrees to include the following items in the calculation of excess Materials
inventory: 
  

	 	(i)	That amount of Materials over and above that required to fulfill Company Purchase Order(s) during the six (6) month period prior to the end of a particular Company
fiscal quarter, and which were purchased by Contractor under the circumstance where supplier imposed a minimum order quantity, and no Company Purchase Orders or Contractor’s other customer(s)’ purchase orders exist which would consume such
Materials; so long as the requirements of paragraph 8.4.1 of this Agreement were met regarding such Materials. 

  

	 	(ii)	That amount of Materials purchased by Contractor for potential consumption during the six (6) month period prior to the end of a particular Company fiscal quarter
and not consumed by Company Purchase Order(s) that were purchased in accordance with the provisions of paragraph 8.4.1 above, and which do not have pending Company Purchase Orders or Contractor’s other customer(s)’ purchase orders which
will consume such Materials at some point in time in the future. 

  

					
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 8.4.4 Indirect Materials: Contractor agrees to not include any
Indirect Materials in the determination of excess Materials inventory. 
 8.4.5 Determination of the Value
of Excess Materials Inventory: The value of such excess Materials inventory will be determined by multiplying the quantities of each type (part number) of Materials so determined to be excess pursuant paragraph 8.4.3 above by the actual price(s)
paid by Contractor for the Materials. 
 8.4.6 Not Used. 

8.4.7 Subsequent Demand for Excess Materials Inventory: If demand for Contractor’s excess Materials
(including but not limited to Company’s orders) develops during the subsequent six-month period following the determination that excess Materials inventory exists which would consume all or a portion of the excess Materials, Contractor shall
use the excess Materials inventory to fulfill such product demand. In this case, Contractor agrees to purchase back Company owned excess Materials needed to fulfill the new demand at the same price Company paid Contractor as defined in paragraph
8.4.5 above before placing its purchase orders for new Materials with suppliers. 
 Contractor understands and
agrees that Company has the right to develop and institute special sales programs that are designed to create demand for such excess Materials during the subsequent six-month period. 

If no demand develops for any or all of the excess Materials during the subsequent six (6) month period after the
determination that excess Materials inventory exists, Contractor, with Company’s approval, shall take steps to sell the excess Materials inventory or reclaim any precious metals from the excess Materials inventory owned in total by Company and
Contractor. Contractor shall seek Company’s approval of the sale or reclamation of such inventory, and Company must agree in writing prior to the sale or reclamation activity. In the case where Contractor sells or reclaims the precious metals
from the excess Materials inventory, Contractor will reimburse Company for 50% of the proceeds from such sale or reclamation activity. 
 8.4.8 Company Election to Manufacture Product from Excess Materials Inventory: In the case where Company elects to have Contractor Manufacture finished goods from the excess Materials inventory,
Company will issue Purchase Order(s) to Contractor specifying the exact part numbers, quantities and requested Delivery Date(s) for Product(s) to be made using the excess Materials inventory. 

  

					
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 8.5         Excess Product
Inventory. 
 8.5.1 Timing and Factors to be Considered in the Determination of Excess Product
Inventory: Excess Product inventory shall be determined at the end of each Company fiscal quarter. Company and Contractor agree that certain factors such as actual yield versus forecasted yield, actual line loss versus estimated line loss,
safety stocks, and the existence of Company Purchase Orders for future delivery of Product shall be considered in the determination of excess Product inventory. 

8.5.2 Determination of the Quantity of Excess Product Inventory: The amount of excess Product inventory at the
end of each particular Company fiscal quarter will be equal to the quantities of Product Contractor has on hand in inventory that has been idle for six months or more, adjusted as provided in paragraphs 8.5.2.1 and 8.5.2.2 of this Agreement.

 8.5.2.1 Exclusions: Contractor agrees not to include in the calculation of such excess Product
inventory the following items: 
  

	 	(i)	Any such amount of Product which were determined to be excess at the end of any previous period. 

 

	 	(ii)	That quantity of any Product which has pending Company Purchase Orders which will consume it at any point in time in the future. 

 

	 	(iii)	Any amount of Product safety or buffer stock (that amount of Product inventory which Contractor customarily keeps on hand to cover unanticipated Company or
Contractor’s other customer(s)’ purchase order increases). 

  

	 	(iv)	Any amount of Product inventory resulting from Improvements made to the manufacturing process that would have otherwise been consumed by Company or other
Contractor’s customer(s)’ purchase order(s). 

  

	 	(v)	Any amount of Product inventory for which no Purchase Order(s) for such Product were placed by Company to Contractor. Contractor agrees not to release any work order
for Product in quantities larger than prudent planning methods would require fulfilling a particular Company Purchase Order. 

  

	 	(vi)	Any amount of Product resulting from actions or inactions of Contractor pursuant to paragraph 8.1 (ii) of this Agreement. 

8.5.2.2 Inclusions: Company agrees to include the following items in the calculation of excess Product inventory:

 (i) That amount of Product inventory manufactured by Contractor during the six (6) month period prior
to the end of a particular Company fiscal quarter, and not consumed by Company Purchase Order(s), that were manufactured in accordance with the provisions of paragraph 8.5.4 below, and not consumed by Company or Contractor’s other
customer(s)’ purchase order(s) during this period, and for which no pending Company or Contractor’s other customer(s)’s purchase orders exist that will consume such Product inventory at some point in the future. 

  

					
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 8.5.3 Determination of the Value of Excess Product Inventory: The
value the excess Product inventory so determined in paragraph 8.5.2 above shall be calculated by multiplying the excess inventory quantity of each Unit of Product by the price paid by Company to Contractor for each Product (Unit price). The total
value of the excess Product inventory shall be calculated by summing the values so determined of the individual part numbers of Product. 
 8.5.4 Excessive Product Manufacture: Contractor agrees to consult with Company and obtain agreement regarding the Manufacture of any quantity of Product in excess of that required to fulfill
Company Purchase Order(s) and forecast (factoring in normal yield and line losses) prior to the initiation of such Manufacture. Company agreement shall be provided in writing through electronic mail or facsimile. Company agrees to prompt dispatch of
notification once agreement has been reached. 
 8.5.5 Indirect Materials: Contractor agrees not to
include any quantity of indirect materials used in the manufacture of Product in the calculation of excess Product inventory. 
 8.5.6 Subsequent Demand for Excess Product Inventory: If demand for Company or Contractor’s other customer(s)’ products develops during the subsequent six-month period following the
determination that excess Product inventory exists which would consume all or a portion of the excess Product, Contractor shall use the excess Product inventory to fulfill such demand. In this case, Contractor shall purchase back any Company owned
excess Product needed to fulfill the new demand at the same price Company paid Contractor as defined in paragraph 8.5.3 above before manufacturing new Product to fulfill Company Purchase Order(s). 

8.7         Purchase of 50% of Excess Materials and Product Inventory: In
the event that Contractor elects for Company to purchase the excess materials inventory pursuant to paragraph 8.4. or the excess Product inventory pursuant to paragraph 8.5 of this Agreement, Contractor will perform a physical inventory of the
excess Materials and Product, sequester the excess Materials and Product in a separate and secure area in such a manner as to preserve its quality and integrity, prepare an accounting of the excess Materials and Product indicating Company part
number, type, quantity and value, and submit a statement reflecting such accounting to Company in writing through normally acceptable methods of physical or electronic transmission. Company has five (5) business days to review and accept
Contractor’s excess inventory document unless additional information is required from Contractor. Both Company and Contractor agree to support each other and diligently work toward settlement for excess inventory. Once settlement is reached,
Company will place a Purchase Order with Contractor for fifty percent (50%) of such inventory; subject to the limitation set forth in paragraph 8.3 of this Agreement entitled “Limitations of Support.” Contractor will prepare and
submit a corresponding proper invoice to Company, and Company will reimburse Contractor in accordance with the invoice submitted under payment terms then existing, or as negotiated between Company and Contractor at that time. 

  

					
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 9.         Deliveries

 9.1 Notification of Late Delivery: Contractor shall Manufacture Product as required by this Agreement
and each Company Purchase Order. In the event that Contractor cannot deliver the Product by the Shipping Date, Contractor will notify Company, a minimum of one Workweek prior to the Shipping Date. 

9.2 Delivery Point: Once Manufacture of Product has been completed, Contractor shall be responsible for
delivering the Finished Goods FCA, to a freight forwarder specified by Company in its Purchase Order, or otherwise approved by Company. “Delivery Point” as used in this Agreement shall mean the specific time and location that the Product
is delivered to Company specified freight forwarder. 
 9.3 Time of Essence. Contractor acknowledges and
agrees that time is of the essence and delivery performance is crucial in Company’s evaluation of Contractor’s performance. No partial shipments are allowed unless expressly authorized in advance by Company on a case-by-case basis. Late
deliveries will be a subject of the Quarterly Review Process and may be subject to compensation discussions. 

9.4 Packaging for Delivery. Contractor agrees to package Product for delivery and shipment in accordance with
Company specifications, or if none are specified, to package Product for delivery and shipment in accordance with industry standards and his own best practices. 

9.5 Risk of Loss. Company will insure Company consigned Materials against any risk of loss during transit to and
from Contractor and while located in Contractor’s facility. Company will insure against risk of loss of any Provided Equipment during transit to and from and while located in Contractor’s facility. 

9.6 Delivery of Materials. Company will properly pack all Materials provided by Company to facilitate safe
transport to Contractor. 
 10.         Price and Payment.

 10.1 Price and Payment of Manufacturing Services: During the term of this Agreement, Company shall
pay for the services provided by Contractor under section 2 hereof for the Manufacture of Product in accordance with the Purchase Order(s) issued by Company to Contractor and proper invoice(s) submitted by Contractor to Company. The quantities and
prices shown on Contractor’s invoice must match those shown on Company Order(s) unless both Parties agree in writing to such variation. 

  

					
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 10.2 Invoice Amount Determination: Invoice pricing will be
determined by the unit price of Product as specified on the Purchase Order multiplied by the actual quantity of Product delivered to satisfy such Purchase Order. 

10.3 Invoices and Payment. 

10.3.1 Invoices: With each shipment, Contractor will send Company an invoice for all services provided by
Contractor under section 2 hereof for Product(s) Manufactured by Contractor and delivered to the Delivery Point. Company shall pay Contractor the amount invoiced within thirty (30) days following the issuance of such invoice unless additional
time is required to resolve any discrepancies. 
 10.3.2 Payment for Other Support Services: Payment for
technical assistance to Contractor by Company shall be invoiced in accordance with section 3 of this Agreement. Payment for Other Support Services described in section 4 of this Agreement will be invoiced according to paragraph 10.1 hereof. Payment
for Other Support Services associated with New Product will be invoiced separately according to negotiated parameters as described in paragraph 2.3 and reflected in the Purchase Order(s) issued by Company for New Product. 

10.4 General Payment Terms: All invoicing for Product and services shall be F.O.B. Taiwan, and payments due
hereunder shall be denominated in United States of America dollars, payments shall be made by wire transfer, and all bank fees for such wire transfers shall be paid by Company. 

11.         Inspection and Access by Company. 

11.1 Inspection: Contractor hereby agrees to allow Company’s personnel access at any time to the Factory, or
other facilities at which the Products are being manufactured or warehoused, during regular business hours in order for Company’s personnel to ascertain compliance on the part of Contractor with the terms and conditions of this Agreement and
Specifications provided by Company in connection with the process of Manufacture. Contractor shall provide competent personnel to perform inventories of Materials, work in process inventory and Finished Goods located at the Factory or other
facilities where Product is being manufactured or warehoused, and to otherwise support inspections by Company. 

11.2 Acceptance: All shipments of Finished Goods are subject to Company’s workmanship inspection, Electrical
Test using Company Specifications and procedures and quality audit upon receipt of Finished Goods in accordance with Company’s Quality Standards. Acceptance of Products in no event constitutes a waiver of any of Company’s rights or
remedies arising from or related to warranty requirements (including those set forth in paragraph 14.5), nonconforming Products, or any other breach of this Agreement. 

  

					
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 12.         Rejection. 

12.1 Manner of Rejection: Company may reject any Product manufactured by Contractor if such Product fails to meet
the Specifications or contains a Manufacture Defect when inspected by Company. Company shall notify Contractor within five (5) days of receipt of the Product if the Product is rejected. Company may, at its option, (i) return the Product to
Contractor for rework, (ii) rework the Product, and charge any labor cost, not to exceed Contractor’s Value Added, to Contractor, or (iii) scrap the Product if it cannot be reworked. If the Product is scrapped, Contractor shall, at
the request of Company, replace the Product so scrapped, or reimburse Company for the amount charged to Company for the Product so scrapped. 
 12.2 Restrictions on Disposal of Rejected Products: Contractor may not, under any circumstances or for any reason, sell or offer for sale, or otherwise dispose of in any manner, any Products
rejected hereby, without the express written consent of Company. 
 13.
        Representations, Warranties and Covenants of Company: Company represents and warrants to Contractor, and covenants as follows: 

13.1 Corporate Status and Good Standing: Company is a corporation duly incorporated, validly existing and in good
standing under the laws of its jurisdiction of incorporation with full corporate power and authority under its articles of incorporation and bylaws to own and lease its properties and to conduct its business as the same exists. Company is duly
qualified to do business as a foreign corporation in all states or jurisdictions in which the nature of its business requires such qualification, except where the failure to be so qualified would not have an adverse effect on such Party. 

13.2 Authorization: Company has full corporate power and authority under its articles of incorporation and
bylaws, and its managers and members have taken all necessary action to authorize it to execute and deliver this Agreement and any exhibits and schedules hereto, to consummate the transactions contemplated herein and to take all actions required to
be taken by it pursuant to the provisions hereof, and each of this Agreement and any exhibits hereto constitutes the valid and binding obligations of Company, enforceable in accordance with its terms, except as enforceability may be limited by
general equitable principles, bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally. 
 13.3 Non-Contravention: Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated herein or therein, does or will violate, conflict with, result in
breach of or require notice or consent under any law, the articles of incorporation or bylaws of Company or any provision of any agreement or instrument to which Company is a party. 

13.4 Validity: There are no pending or threatened judicial or administrative actions, proceedings or
investigations which question the validity of this Agreement or any action taken or contemplated by Company or in connection with this Agreement. 

  

					
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	 	14.	Representations and Warranties of Contractor: Contractor represents and warrants to Company the following: 

14.1 Corporate Status and Good Standing: Contractor is a corporation duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization, with full corporate power and authority under its certificate or articles of organization and regulations to own and lease its properties and to conduct its business as the same exists.
Contractor is duly qualified to do business as a foreign corporation in all states or jurisdictions in which the nature of its business requires such qualification, except where the failure to be so qualified would not have an adverse effect on such
Party. 
 14.2 Authorization: Contractor has full corporate power and authority under its certificate or
articles of organization and regulations, and its board of directors and stockholders have taken all necessary action to authorize it to execute and deliver this Agreement and the exhibits and schedules hereto, to consummate the transactions
contemplated herein and to take all actions required to be taken by it pursuant to the provisions hereof or thereof, and each of this Agreement and exhibits hereto constitutes the valid and binding obligation of Contractor, enforceable in accordance
with its terms, except as enforceability may be limited by general equitable principles, bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally. 

14.3 Non-Contravention: Neither the execution and delivery of this Agreement nor the consummation of the
transactions contemplated herein or therein, does or will violate, conflict with or result in breach of, or require notice or consent under any law, the certificate or article or regulations of Contractor or any provision of any agreement or
instrument to which Contractor is a party. 
 14.4 Validity: There are no pending or threatened judicial
or administrative actions, proceedings or investigations which question the validity of this Agreement or any action taken or contemplated by Contractor in connection with this Agreement. 

14.5 Warranty: Contractor warrants that (i) for a period of twelve (12) months after the date of
delivery to the Delivery Point (as defined in paragraph 9.2), the Product it manufactures and delivers to Company will not contain any Manufacture Defect, and (ii) Contractor has complied in all material respects with all applicable local,
foreign, domestic and other laws, rules, regulations and requirements. THE FOREGOING WARRANTIES ARE EXCLUSIVE AND IN LIEU OF ALL OTHER EXPRESS AND IMPLIED WARRANTIES WHATSOEVER, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY AND
FITNESS FOR PARTICULAR PURPOSE. In the event of any breach by Contractor of the warranties contained herein, Contractor’s liability shall be limited to an amount equal to the amount charged to Company for the units delivered pursuant to this
Agreement. 

  

					
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 Notwithstanding the foregoing, the Parties recognize that Materials may be supplied by
Company for use in the Manufacture of products. Contractor makes no warranty to Company as to the quality or functionality of the Materials supplied by Company. 

15.    Labor 
 During the term of this Agreement, Contractor agrees that it shall be solely responsible for the payment of all wages, fringe benefits, social security, unemployment and similar expenses and taxes in
respect of Contractor’s employees and applicable to the Manufacture of Products and the performance of any procurement services and support services contemplated under this Agreement. As required by any applicable law, Contractor warrants and
agrees that it has produced and shall maintain in effect full statutory coverage for workers’ compensation, employers’ liability and disability insurance for all of its employees. Contractor further agrees and warrants that it has and
shall comply with all applicable Taiwan national and local labor laws and other applicable wage and hour and other labor laws, including without limitation, all child labor, minimum wage, overtime and safety related laws. 

16.    Ownership of Provided Equipment. 

16.1 Ownership: Contractor understands and acknowledges that it shall under no circumstances be considered to have any ownership
or proprietary interest in Provided Equipment during the term of this Agreement and until after Contractor obtains a bill of sale from Company for Provided Equipment. Contractor agrees to segregate any and all Provided Equipment on its company
books, and label each piece of Provided Equipment to conspicuously indicate Company’s ownership. Contractor agrees that it will not mortgage, pledge, assign or borrow against such Provided Equipment during the term of this Agreement and until
after Contractor obtains a bill of sale from Company for Provided Equipment. 
 16.2 Storage/Use: Contractor
shall: (a) take delivery, store and use at the Factory the Provided Equipment using the same degree of care as Contractor exercises in respect of its own similar property; and (b) inform Company of the exact location of the Provided
Equipment if it is located outside Contractor’s principal manufacturing or storage facilities. Contractor agrees to comply with Company’s reasonable instructions as to the performance of any preventive maintenance on any Provided
Equipment. Said preventative maintenance shall be at Contractor’s sole expense. All repairs will be the responsibility of Contractor and at it’s sole expense. 
 17. Currency Risk Sharing. While the general payment terms are denominated in US dollars (paragraph 10.4), the Parties agree to share currency risk and measure this on a quarterly basis.
Notwithstanding the fact that this Agreement was entered into as of December 1, 2011, Company will reimburse Contractor for any amounts that would have been due and payable under this section had it had been effective September 1, 2011.

  

					
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 17.1 Principle of Allocation. The parties shall allocate the
currency risks resulting in the sale of Product under this Agreement using an initial Base Conversion Rate of 1 United States dollar to 30.90 New Taiwan Dollars (the “Base Conversion Rate”). When New Taiwan dollars appreciate in excess of
five percent (5%) against the Base Conversion Rate, Company shall reimburse Contractor fifty percent (50%) of the appreciation in value of the Product purchased during the applicable period. When New Taiwan dollars depreciate in excess of
five percent (5%) against the Base Conversion Rate, Contractor shall reimburse Company fifty percent (50%) of the depreciation in value of the Product purchased during the applicable period. 

17.2 Quarterly Measurement Process. 
 17.2.1 Initial Base Conversion Rate. The initial basis for comparison shall be the New Taiwan dollar to US dollar exchange rate agreed upon by the parties (Base Conversion Rate or “BCR”)
based on NT$30.90 Per US dollar. 
 17.2.2 Quarterly Currency Exchange Measurement. The rate shall be reviewed every 3
months that correspond to RFM fiscal quarters (each a “Quarter Period”). For each Quarter Period, the currency exchange rate between the US Dollar and New Taiwan Dollar will be reviewed. The daily conversion rates, expressed arithmetically
as the number of New Taiwan dollars that may be acquired with one US dollar, will be averaged for the period covered by the appropriate Measuring Dates (as defined in paragraph 17.2.3) to determine the “Most Recent Average” or
“MRA”. 
 17.2.3 Quarter Periods. The date for measuring exchange rate changes for each Quarter Period
(“Measuring Dates”) are the dates 5 days before the Quarter Period starts and 5 days before the Quarter Period ends for the first three fiscal quarters. This will allow time for the calculations to be done and approval of reimbursement
dollar amount (if any) no later then the first day of the next quarter. The Quarter Period and Measuring Dates are as follows: 
  

					
	 Quarter Periods
	 	 Measuring Dates
	 	 
	 September 1 to November 30
	 	        August 26 to November 25	 	
	 December 1 to February 28
	 	    November 26 to February 23	 	
	     March 1 to May 31
	 	February 24 to May 25	 	
	         *June 1 to August 31
	 	     May 1 to July 31	 	

 * The Fourth Quarter Period also shall be used in the Annual Administrative Procedures described in paragraph 17.5.

  

					
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 17.2.4 Determination of Need for Currency Pricing Adjustment. For each Quarter
Period, Company will calculate the currency change as the difference between the Most Recent Average (MRA) and the Base Conversion Rate (BCR). The currency change is converted to a percentage by dividing the currency change by the Base Conversion
Rate to arrive at the currency change percentage. 
 If the absolute value of the currency change percentage
((MRA-BCR)/BCR) is more than 5% or less than -5%, there shall be a Currency Pricing Adjustment, or “CPA”. If the currency change percentage is less than plus or minus 5%, no Currency Pricing Adjustment shall be made. This can be expressed
by the formula: 
 If the value of (MRA-BCR)/BCR is more than +5% or less than -5%, a reimbursement payment for
that Quarter Period shall be made as provided in paragraph 17.3.1 or 17.3.2. 
 17.3 Calculating Currency Pricing Adjustment
(“CPA”). The Reimbursement amount calculation is per the formula and definitions below: 
 17.3.1 Negative
CPA. If the value of (MRA-BCR)/BCR is less than—5% (Negative value); the US dollar has depreciated in relation to the New Taiwan dollar and therefore a payment shall be made by Company to Contractor on the terms and conditions of this
Agreement Since this is a risk sharing arrangement, only half of the currency change percentage is to be incorporated into the CPA. This can be expressed by the formula: 

CPA = ((MRA-BCR)/BCR)/2 
 , where CPA is a negative percentage 
 17.3.2 Positive CPA. If the value
of (MRA-BCR)/BCR is more than 5% (Positive value) ; the US dollar has appreciated in relation to the New Taiwan dollar and therefore a payment shall be made by Contractor to Company on the terms and conditions of this Agreement. Since this is a risk
sharing arrangement, only half of the currency change percentage is to be incorporated into the CPA. This can be expressed by the formula: 
 CPA = ((MRA-BCR)/BCR)/2; where CPA is a positive percentage 

17.4 Quarterly Payment Calculation. 
 17.4.1 Quarterly Process. At the end of each Quarter Period for which payment is required to be made pursuant to paragraph 17.3.1 or 17.3.2, Contractor will prepare a report of all Product billings
during the Quarter Period that qualify for such payment as provided in paragraph 17.4.3 (“Eligible Sales”). Contractor will also prepare an invoice equal to the Currency Pricing Adjustment (CPA) times the Eligible Sales during the Quarter
Period. Payment will be made according to the payment terms in effect at the time. The calculation will be presented to both parties for approval for compliance with the terms of this section 17 on a quarterly basis. 

  

					
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 17.4.2 Quarterly Payment. If the CPA is negative for a Quarter
Period in which a payment is required by paragraph 17.3.1, the payment shall be made by Company to Contractor. If the CPA is positive for a Quarter Period in which a payment is required by paragraph 17.3.2, the payment shall be made by Contractor to
Company. The formula for calculating the quarterly payment is expressed as: 
 Quarterly Payment = CPA x
Eligible Sales 
 17.4.3 Eligible Sales. All shipments of Product that occur during the quarter under
this Product Agreement are qualified as Eligible Sales, except for those that are exempt for one of two reasons: 
 (1) New Product for which purchases started since the last Annual Administrative Procedures (see paragraph 17.5). There was no new Product as of the effective date of this Agreement. 

(2) Product for which new prices have been negotiated (“Negotiated Product”) since the last Annual
Administrative Procedures (see paragraph 17.5). There was no Negotiated Product as of the effective date of this Agreement. 
 When the Annual
Administrative Procedures are conducted as outlined in paragraph 17.5, all of the Product that was formerly exempted under this provision will be considered Eligible Sales for future periods, unless it is excluded in the future pursuant to clause
(2) of this paragraph. 
 17.5       Annual Administrative Procedures.
The Parties will seek to minimize the administrative requirements necessary to carry out the provisions for the updating of selling price lists (the “Annual Price Adjustment”) and the Base Conversion Rate (collectively, the
“Annual Administrative Procedures”). The Annual Procedures may change these from time to time as mutually agreed upon. Unless agreed to by the Parties, these procedures will only be required once a year, in the month of August, after the
Most Recent Average and the Currency Price Adjustment for the Fourth Quarter Period have been determined. At such time, the following actions are required to bring future transactions in line with actual cost: 

17.5.1 Update the Selling Price Lists. The Currency Pricing Adjustment for the Fourth Quarter Period shall be
applied to the current selling price list to determine the Annual Price Adjustment applicable to future Purchase Orders. The adjusted prices will be the new price list. New part numbers and those that have been negotiated since July 31 of the
preceding year will not be adjusted. For example, at September 1, 2012, there will not be an adjustment of prices for parts introduced, or for which prices were negotiated, after July 31, 2011). The formula for adjusting the price list is
expressed as: 
 Adjusted Price = Current Price x (1-CPA) 

  

					
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 17.5.2 Update the Purchase Orders. Purchase orders for the new
Fiscal Year (starting September 1) shall reflect the updated selling prices, so that transactions occurring during future periods reflect the determination of the Currency Price Adjustments that took place for the Fourth Quarter Period.

 17.5.3 Leftover Purchase Orders. There may be some Purchase Orders accepted by Contractor prior to a
new Fiscal Year that are delivered to the Company after commencement of such new Fiscal Year (“Leftover Purchase Orders”). These will be segregated and treated separately by using the prior year’s BCR. They will not be double counted
by being included with the current year’s transactions. Contractor will after the end of the first quarter of such new Fiscal Year, namely November 30, calculate and accumulate the amounts of currency conversion loss subject to paragraph
17.1 hereof as well as other terms of this Agreement, if applicable, for such Purchase Orders. In such case a credit or debit note will be issued by Contractor and Company will accept such credit or debit note if the credit or debit amount is
correctly calculated and accumulated by paragraph 17.1 and other applicable terms hereof. After the first quarter, any remaining Purchase Orders from the prior year that are not yet delivered will be cancelled and replaced with new Purchase Orders
that have been adjusted per the Annual Administrative Procedures; provided, however, that any such cancellation and replacement is for administrative convenience and shall not be a waiver of any rights arising from non-performance of the cancelled
and replaced Purchase Order. 
 17.5.4 Update the Base Conversion Rate. The Base Conversion Rate will
remain the same ratio until such time as it is updated by the Annual Administrative Procedures. The new Base Conversion Rate will be the Most Recent Average for the Fourth Quarter Period. This can be expressed by the formula: 

New BCR = MRA for Q4 
 18.      Indemnification 

18.1 Contractor’s Indemnification: Contractor shall indemnify Company and its Affiliates (including their
officers, directors, employees and agents) against, and hold harmless from and against, any and all claims, actions, causes of action, arbitrations, proceedings, losses, damages, liabilities, judgments and expenses (including without limitation,
reasonable attorneys’ fees) (“Indemnified Amounts”) incurred by Company or any of its Affiliates as a result of (i) any material error, inaccuracy, breach or misrepresentation in any of the representations and warranties made by
Contractor in this Agreement; (ii) any claim or allegation that Contractor or any of its contractors, representatives and agents, have not fully discharged all obligations under labor laws as set forth in section 15; (iii) any dispute with
a subcontractor, employee, independent contractor, manufacturer, agent or supplier; (iv) the operation by Contractor of the Factory during the term of this Agreement; and (v) any Manufacture Defect. Company shall be entitled to recover its
reasonable and necessary attorneys’ fees and litigation expenses incurred in connection with successful enforcement of its rights under this paragraph 18.1. Any liability under this paragraph 18.1 of Contractor shall be limited in the aggregate
to a maximum amount equal to (i) with respect to claims based on a Manufacture Defect, the price paid by Company to Contractor for the Finished Goods (Value Added) subject to such claim and (ii) with respect to claims based on the
performance of any services hereunder (as covered in section 4), the price paid by Company for such services. 

  

					
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 18.2
         Company’s Indemnification: Company shall indemnify Contractor and its Affiliates (including their officers, directors, employees and agents) against, and hold harmless from and against,
any and all Indemnified Amounts incurred by Contractor or any of its Affiliates as a result of; (i) any material error, inaccuracy, breach or misrepresentation in any of the representations and warranties made by Company in this Agreement;
(ii) any dispute with a subcontractor, employee, independent contractor, agent or supplier (including Approved Vendors) related in any way to this Agreement; and (iii) any Products and its design (other than a Manufacture Defect).
Contractor shall be entitled to recover its reasonable and necessary attorneys’ fees and litigation expenses incurred in connection with successful enforcement of its rights under this paragraph 18.2. 

18.3          Limitation on Claims: In no event shall either Party
be liable to the other on any claims arising under or related to this Agreement for consequential, exemplary or punitive damages. 
 19.      Termination. 
 19.1
         Term. Subject to paragraph 19.2, and 19.3, this Agreement shall be effective for two (2) years from the date first set forth above, and continue in effect unless either Party shall give
at least 360 days prior written notice of termination to the other Party, in which event this Agreement shall terminate as of the date specified in such notice. 

19.2          Early Termination. This Agreement shall terminate
prior to the expiration of its term as follows:: 
 19.2.1 Material Breach: Either Party may terminate
this Agreement by giving notice in writing to the other Party in the event the other Party is in material breach of this Agreement and shall have failed to cure such breach within ninety (90) days after receipt of written notice thereof from
the first Party. Such termination shall be effective upon the giving of such notice or such later date as the notifying Party may specify in such notice. 
 19.2.2 Bankruptcy: This Agreement shall terminate automatically, should either Party file a petition at any time as to its bankruptcy, be declared bankrupt, become insolvent, make an assignment for
the benefit of creditors, go into liquidation or receivership or otherwise lose control of its business. In the case of any such proceeding that is involuntary, the right to terminate shall arise only if the other Party fails to have such proceeding
terminated within sixty (60) days after it is commenced. 

  

					
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 19.2.3 Change in Control: Either Party may terminate, by giving
written notice, if the other Party at any time has a change in control. For purposes of this paragraph 19.2.3, a “change in control” shall be deemed to have occurred at such time ownership of not less than 50% of the equity securities of
the other Party changes in ownership during the term of this Agreement in a transaction or series of related transactions, excluding from such calculation transfers that do not change the Person in ultimate control of the other Party. Such
termination shall be effective upon the giving of such notice or such later date as the notifying Party may specify in such notice. 
 19.3 Rights and Obligations on Termination. 
 In the event
of termination of this Agreement pursuant to any part of paragraph 19.1 (expiration of its term) or any provision of paragraph 19.2 (early termination), the Parties shall have the following rights and obligations: 

19.3.1 No Release of Obligation: Termination of this Agreement shall not release either Party from the obligation
to make payment of all amounts then due and payable or to fill Purchase Orders placed prior to termination (except that Contractor is not obligated to fill Purchase Orders placed within 180 days prior to the effective date of termination) if this
Agreement is terminated without cause by either party or terminated with cause by Contractor). 
 19.3.2
Inventory Disposition: Company will purchase from Contractor all Finished Goods and Materials inventory necessary to fulfill Company Purchase Order(s) up to the effective date of termination which Purchase Order(s) are not filled by Contractor.
Contractor agrees, in the event of termination to (i) not place purchase orders for Materials to be delivered later than the effective date of termination, (ii) terminate all open purchase orders for Materials for more than the quantity of
Product authorized by Company Purchase Order(s) for delivery up to the effective date of termination, (iii) pursue the return for refund or credit of Materials already received but not in Manufacture that will not be needed, and
(iv) follow all reasonable instructions to minimize the cost of such termination to Company, including instructions concerning the minimization of any excess inventory remaining at the effective date of termination. 

19.3.2.1 Excess Inventory Disposition – Contractor Termination: If Contractor terminates this Agreement
pursuant to paragraph 19.1, Contractor will receive no reimbursement for excess inventory that exists on the effective date of termination. 

  

					
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 19.3.2.2 Excess Inventory Disposition – Company Termination: If
Company terminates this Agreement pursuant to paragraph 19.1, Company will purchase all Materials (except Indirect Materials) and Product inventory deemed to be excess in accordance with this Agreement on the effective date of termination at actual
invoice cost for Materials or historical prices paid by Company to Contractor for Product. Contractor agrees to work diligently with and follow instructions from Company and/or agreed-to procedural changes during the 360-day period leading up to the
date of termination to minimize excess inventory at the effective date of termination. 
 19.3.2.3 Excess
Inventory Disposition – Termination Pursuant to Paragraph 19.2.1 or 19.2.3. In the case of termination pursuant to paragraph 19.2.1 or 19.2.3, both Contractor and Company agree to negotiate in good faith the disposition of any excess
inventories that exist at the effective date of termination. 
 19.3.2.4 Excess Inventory Disposition –
Termination Pursuant to Paragraph 19.2.2.: In the case of termination pursuant to paragraph 19.2.2, disposition of excess inventory that exists on the effective date of termination shall be treated as a termination by the Party that is the
subject of the bankruptcy proceeding pursuant to paragraph 19.1. 
 19.3.3 Return of Company Assets: In
the event of termination under paragraph 19.1 or 19.2, Contractor shall return all of Company’s Materials, documents, Provided Equipment and supplies via ship method requested by Company. The shipping cost will be at the expense of Company.

 19.3.4 Warranties: Contractor’s obligation under paragraph 14.5 will still be enforced
notwithstanding termination of this Agreement. 
 20.      Remedies.

 In the event either Party breaches in any material respect any representations, warranties or covenants
hereunder or fails to comply in any material respect with any term or requirement of this Agreement, in addition to any other remedies the non-breaching Party shall be entitled to (a) terminate this Agreement in accordance with paragraph
19.1.1; (b) recover any and all actual costs, expenses and damages, (including reasonable attorneys’ fees); and/or (c) offset any amounts due to the non-breaching Party by any actual costs and expenses incurred by the non-breaching
Party as a result of such breach or failure to comply. Remedies herein shall not be exclusive but shall be cumulative of any other remedy herein or under any other statute or law. Upon such termination, none of the Parties or any other Person shall
have any liability or further obligation arising out of this Agreement except for any liability resulting from its breach of this Agreement prior to termination, except that the provisions of sections 21, 22, 23, and paragraphs 24.1 and 24.15 shall
continue to apply. 

  

					
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 21. Confidentiality. 

21.1 Non-Disclosure: Neither Contractor nor its Affiliates will, directly or indirectly, disclose or provide to
any other Person any non-public information of a confidential nature concerning the business or operations of Company or its Affiliates, including without limitation, any trade secrets or other proprietary information of Company or its Affiliates,
known or which becomes known to Contractor or its Affiliates as a result of the transactions contemplated hereby or Contractor’s operation of the Factory, except as is required in governmental filings or judicial, administrative or arbitration
proceedings. In the event that Contractor or any of its Affiliate becomes legally required to disclose any such information in any governmental filings or judicial, administrative or arbitration proceedings, Contractor shall, and shall cause any
Affiliate to, provide Company with prompt notice of such requirements so that Company may seek a protective order or other appropriate remedy. In the event that such protective order or other remedy is not obtained, Contractor shall, and shall cause
any Affiliate to, furnish only that portion of the information that Contractor or its Affiliate, as the case may be, is advised by its counsel as legally required, and such disclosure shall not result in any liability hereunder unless such
disclosure was caused by or resulted from a previous disclosure by Contractor or any of its Affiliates that was not permitted by this Agreement. 
 22. Intellectual Property/Data Rights. 
 22.1
Contractor Owned Intellectual Property: All intellectual property owned by Contractor before October 1, 2001 (the effective date of the original Agreement between Company and Contractor) shall remain the sole property of Contractor, and any
intellectual property developed solely by Contractor during the term of this Agreement shall be the sole property of Contractor. 
 22.2 Company Owned Intellectual Property: All intellectual property owned by Company before October 1, 2001 (the effective date of the original Agreement between Company and Contractor) shall
remain the sole property of Company, and any intellectual property developed solely by Company during the term of this Agreement shall be the sole property of Company. 

22.3 Reverse Engineering: Contractor shall not alter, enhance or otherwise modify the Technical Information or
Technical Data, except as agreed by the Parties in writing. Contractor shall not disassemble, decompile or reverse engineer any of the Technical Data or prepare derivative works of any of the Technical Data except for use in Manufacture of Product.
Contractor shall not sell, distribute, cause or allow to pass from control of Contractor to a third party, or offer any Product or Technical Information or Technical Data of a Product, pursuant to this Agreement, without written prior approval from
Company. 
 22.4 Jointly Developed Intellectual Property: All intellectual property that is jointly
developed by Contractor and Company during the term of this Agreement shall be jointly owned (the “Joint Intellectual Property”). Contractor and Company agree to take such actions and sign such agreements as may be necessary to protect or
perfect the other’s individual intellectual property or its joint interest in Joint Intellectual Property and to allow the other Party to exploit the Joint Intellectual Property in a manner not inconsistent with this Agreement. 

  

					
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 22.5 Contractor Patent Support: Contractor agrees to execute all
papers and provide requested assistance, at Company’s request and expense, during and subsequent to its work for Company, to enable Company or its nominees to obtain patents, copyrights, and legal protection for Joint Intellectual Property in
any country. 
 22.6 Company Patent Support: Company agrees to execute all papers and provide requested
assistance, at Contractor’s request and expense, during and subsequent to its work at Contractor, to enable Contractor or its nominees to obtain patents, copyrights, and legal protection for Joint Intellectual Property in any country.

 22.7 Use of Manufacturing Data: Contractor agrees that Company shall be entitled to receive copies of
and use all Manufacturing Data for its own benefit. Company affirms that Manufacturing Data that constitutes Contractor’s solely owned intellectual property shall remain Contractor’s property, subject only to Company’s right of use
provided in the preceding sentence, and shall not be disclosed to any third party without prior written consent of Contractor. 
 22.8 Return of Documents, Data and Records Upon Termination: Upon termination of this Agreement, whether by expiration, cancellation, or otherwise, Contractor agrees to promptly deliver to a proper
Company representative all data, documents, and other records which relate to the business activities of Company, and all other Materials and badges which are the property of Company. 

22.9 License: Contractor hereby grants and agrees to grant to Company a worldwide, non-exclusive right and
license to use financial data related to services under this Agreement, Manufacturing Data, sales data, tracking data, reports, and other information transferred to or otherwise provided to or for Company for its business purposes. Company agrees
that all right, title and interest in such data shall remain the property of Contractor. 
 23. Intellectual
Property Infringement and Indemnification. 
 Company shall hold Contractor harmless against any expense or
loss resulting from a claim of infringement of patents, trademarks, copyrights or other intellectual property rights arising from compliance with Company’s designs, Specifications or instructions and Contractor shall hold Company harmless
against any expense or loss resulting from infringement of patents, trademarks, copyrights or other intellectual property rights arising from Contractor’s actions not necessitated by Company’s designs, Specifications or instructions.

  

					
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 24. General Provisions. 

24.1 Expenses: Each Party shall pay its own expenses, including the fees and disbursements to and of its counsel
in connection with the negotiation, preparation and execution of this Agreement and the consummation of the transactions contemplated herein, except as otherwise provided herein. 

24.2 Entire Agreement: This Agreement, including all Schedules and Exhibits hereto, constitutes the entire
Agreement of the Parties and supersedes all previous proposals, oral or written, and all negotiations, conversation or discussions heretofore and between the Parties with respect to the subject matter hereof, and may not be modified, amended or
terminated except by a written instrument specifically referring to this Agreement signed by all the Parties hereto. 
 24.3 Waivers and Consents: All waivers and consents given hereunder shall be in writing. No waiver by any Party hereto of any breach or anticipated breach of any provision hereof by any other Party
shall be deemed a waiver of any other contemporaneous, preceding or succeeding breach or anticipated breach, whether or not similar. 
 24.4 Notices: All notices, requests, demands, claims, and other communications hereunder will be in writing. Any notice, request, demand, claim, or other communication hereunder shall be deemed
duly given if (and then two business days after) it is sent by registered or certified mail, return receipt requested, postage prepaid, and addressed to the intended recipient as set forth below: 

 

					
		 	If to Contractor, to:	  	 Jason Liu
 Tai-Saw Technology
Co., Ltd.
 No. 3, Industrial 2nd Rd.

Ping-Chen Industrial District
 Taoyuan, 324,
Taiwan, R.O.C.
 Facsimile: (866) 3-469-7532
 E-Mail: jasonliu@mail.taisaw.com

		 		  	
		 	If to Company, to:	  	 Farlin Halsey
 R F
Monolithics
 4441 Sigma Road
 Dallas,
TX 75244
 USA
 Facsimile:
(972) 404-9476
 E-Mail: fhalsey@rfm.com

 Any Party may send any notice, request, demand, claim, or other communication hereunder to the intended
recipient at the address set forth above using any other means (including personal delivery, expedited courier, messenger service, telecopy, telex, ordinary mail, or electronic mail), but no such notice, request, demand, claim, or other
communication shall be deemed to have been duly given unless and until it actually is received by the intended recipient. Any Party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be
delivered by giving the other Party notice in the manner herein set forth. 

  

					
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 24.5 Successors and Assigns: This Agreement shall be binding upon
and shall inure to the benefit of the Parties hereto and their respective successors, legal representatives and assigns. No third party shall have any rights hereunder. No assignment shall release the assigning Party. 

24.6 Choice of Law: This Agreement is performable, in part, in Dallas County, Texas, USA and, in part, in Taiwan,
R.O.C., and shall be governed by and construed in accordance with laws of the State of Texas, U.S.A, without giving effect to any choice or conflict of law provision or rule (whether of the State of Texas or any other jurisdiction) that would cause
the application of the laws of any jurisdiction other than the State of Texas. The United Nations Convention On Contracts For The International Sale Of Goods shall not apply to this Agreement. 

24.7 Headings: The headings contained in this Agreement are for reference purposes only and shall not affect the
meaning or interpretation of this Agreement. 
 24.8 Severability: If any term or provision of this
Agreement or the application thereof to any Person or circumstance shall be deemed invalid, illegal or unenforceable to any extent or for any reason, such provision shall be severed from this Agreement and the remainder of this Agreement and the
application thereof shall not be affected and shall be enforceable to the fullest extent permitted by law. A provision which is valid, legal and enforceable shall be substituted for the severed provision. 

24.9 Construction: The Parties have participated jointly in the negotiation and drafting of this Agreement. In
the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the
authorship of any of the provisions of this Agreement. Any reference to a paragraph, section, exhibit or schedule shall mean a paragraph, section, exhibit or schedule hereof, unless the context otherwise requires. Any reference to any federal,
state, local, or foreign statute or law shall be deemed also to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. 

24.10 Force Majeure: Neither Party shall be liable for loss or damage or deemed to be in breach of this Agreement
if its failure to perform its obligations results from (i) compliance with any law, ruling, order, regulation, requirement, or instruction of any federal, state, foreign, or municipal government or any department or agency thereof;
(ii) acts of God; or (iii) fires, strikes, embargoes, war, or riot. The Party experiencing such cause or delay shall immediately notify the other Party of the circumstances which may prevent or significantly delay its performance hereunder
and shall use its Best Efforts to alleviate the effects of such cause or delay. Any delay resulting from any of these causes shall extend performance accordingly or excuse performance, in whole or in part, as may be reasonable. 

  

					
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 24.11 Counterparts: This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument. 
 24.12 Agency: Contractor is an independent contractor. Nothing in this Agreement shall be construed to constitute either Party the agent of the other Party and neither Party shall represent to any
third party that it has any right or authority to act as the agent for or otherwise to represent the other Party. 
 24.13 Bankruptcy: If during the term of this Agreement a petition in bankruptcy is filed by or against Contractor, or if Contractor, as a debtor, seeks or takes the benefit of any insolvency or
debtor’s relief proceeding, or if Contractor shall file or attempt to file an assignment for the benefit of creditors, or if Contractor shall apply to its creditors to compound its debts, then in any such event, Company shall have the right to
decline to take further deliveries hereunder or Company may, without prejudice to any other lawful remedy, terminate this Agreement, and in either case, Contractor shall upon demand deliver to Company all Provided Equipment, Materials, Finished
Goods, Tools, and Fixtures and other property of Company in Contractor’s custody. If during the term of this Agreement a petition in bankruptcy is filed by or against Company, or if Company, as a debtor, seeks or takes the benefit of any
insolvency or debtor’s relief proceeding, or if Company shall file an assignment for the benefit of creditors, or if Company applies to its creditors to compound its debts, then in any such event, Contractor may without prejudice to any other
lawful remedy, terminate this Agreement. 
 24.14 Assignment of Obligations: Neither Party may assign
this Agreement without the prior written consent of the other Party; provided that either Company or Contractor may assign this Agreement to any Person acquiring all or substantially all of assignor’s assets, and provided further, the either
Contractor or Company may enter into a collateral assignment and transfer all of its rights and remedies hereunder to any party providing secured financing to the assignor. In addition, Company may assign some or all of its rights under this
Agreement, with recourse to Company, to any one or more of Company’s customers to assure performance by Company of its obligations to such customers. 
 24.14.1 Supply Chain Agreements: Contractor agrees to negotiate in good faith and execute any supporting contracts necessary that relate to Company’s supply chain agreements with its customers
should any such agreements exist or come into force during the term of this Agreement. Such support includes, without limitation, confirming in writing to Company’s customers the provisions of paragraphs 24.14 and 24.14.1. 

24.15 Export & Import Laws/Regulations: The Parties shall comply with all applicable Taiwan and
International Export and Import laws and regulations in the execution of this Agreement. Contractor shall execute such other agreements and documents as Company requests, from time to time, in order to ensure compliance with said laws. 

  

					
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 24.16 Dispute Resolution 

24.16.1 Negotiation: In the event of any dispute or disagreement between Parties as to the interpretation of any
provision of this Agreement (or the performance of obligations hereunder), the matter, upon written request of either Party, shall be referred to representatives of the Parties for decision, each Party being represented by a senior executive officer
who has no direct operational responsibility for the matters contemplated by this Agreement. The representatives shall promptly meet in a good faith effort to resolve the dispute. If the representatives do not agree upon a decision within 30
calendar days after reference of the matter to them, each of the Parties shall be free to exercise all other remedies available to it. 
 24.16.2 Arbitration: Any controversy, dispute or claim arising out of or relating in any way to this Agreement or the other agreements contemplated hereby or the transactions arising hereunder or
thereunder that cannot be resolved by negotiation pursuant to paragraph 24.16.1 above shall be settled exclusively by binding arbitration in Hong Kong and in accordance with the then current Commercial Arbitration Rules of the International Chamber
of Commerce. The Parties shall endeavor to select a mutually acceptable arbitrator knowledgeable about issues relating to the subject matter of this contract. In the event the Parties are unable to agree upon an arbitrator, each Party will select an
arbitrator and the arbitrators in turn shall select a third arbitrator. The language of the arbitration will be in English. The fees and expenses of the arbitrator(s) shall be shared equally by the Parties and advanced by them from time to time as
required; provided that at the conclusion of the arbitration, the arbitrator(s) may award costs and expenses (including the costs of the arbitration previously advanced and the fees and expenses of attorneys, accountants and other experts) plus
interest, to the prevailing Party to the extent that in the judgment of the arbitrator(s) it is fair to do so. No pre-arbitration discovery shall be permitted, except that the arbitrator(s) shall have the power in his or her sole discretion, on
application by any Party, to order pre-arbitration examination solely of those witnesses and documents that any other Party intends to introduce in its case-in-chief at the arbitration hearing. The arbitrator(s) shall render his or her award within
90 days of the conclusion of the arbitration hearing. Notwithstanding anything to the contrary provided in paragraphs 24.16.1 and 24.16.2 and without prejudice to the above procedures, either Party may apply to any court of competent jurisdiction
for temporary injunctive or other provisional judicial relief if such action is necessary to avoid irreparable damage or to preserve the status quo until such time as the arbitration panel is convened and available to hear such Party’s request
for temporary relief. The award rendered by the arbitrator shall be final and not subject to judicial review and judgment thereon may be entered in any court of competent jurisdiction. Any monetary award will be made and payable in U.S. dollars free
of any tax or other deduction. 

  

					
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 24.17 English Controlling: For purposes of convenience, this
Agreement may be translated, but the English version of this Agreement (and any schedules and exhibits hereto) will control for all purposes. In case of a conflict in meaning between the two versions, the Parties are responsible for performing in
accordance with the English version hereof. 
 IN WITNESS WHEREOF, the Parties hereto have executed this
Agreement on the date first above written. 
  

			
	 RF MONOLITHICS, INC.
	  	 TAI-SAW TECHNOLOGY CO., LTD.

		
	     Farlin
Halsey        
 (Printed Name)
	  	     Jason
Liu        
 (Printed Name)

		
	     /s/ Farlin
Halsey        
 (Signature)
	  	     /s/ Jason
Liu        
 (Signature)

		
	     President &
CEO        
 (Title)
	  	
    President        

(Title)

		
	     March 29,
2012        
 (Date)
	  	     March 5,
2012        
 (Date)

  

  

					
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