Document:

Exhibit 10.1 

 

REGISTRATION RIGHTS AGREEMENT

  

Execution Version

 

THIS REGISTRATION RIGHTS AGREEMENT
(this “Agreement”), dated as of August 10, 2021, to be effective as of the Effective Time (as defined below),
is by and among Chesapeake Energy Corporation, an Oklahoma corporation (the “Company”), Brix Investment LLC, Brix Investment
II LLC, Harvest Investment LLC, Harvest Investment II LLC, Vine Investment LLC and Vine Investment II LLC, and any Affiliates or Transferees
thereof, that hold Registrable Securities (each individually, a “Blackstone Holder” and collectively, the “Blackstone
Holders”).

 

RECITALS:

 

WHEREAS, this Agreement is
being entered into pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of the date hereof,
by and among, the Company, Hannibal Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company, Hannibal
Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company, Vine Energy Inc., a Delaware corporation,
and Vine Energy Holdings, LLC a Delaware limited liability company;

 

WHEREAS, in connection with
the closing of the transactions contemplated by the Merger Agreement (the “Closing”), at the Effective Time, the Company
shall issue to the Blackstone Holders 13,628,067 shares of Company Common Stock (the “Shares”) in the aggregate;

 

WHEREAS, this Agreement shall
become effective as of the Effective Time; and

 

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

 

Article I

DEFINITIONS

 

As used herein, the following
terms shall have the following respective meanings:

 

“Adoption Agreement”
means an Adoption Agreement in the form attached hereto as Exhibit A.

 

“Affiliate”
means, as to any Person, any other Person who directly, or indirectly through one or more intermediaries, controls, is controlled by or
is under common control with such Person. As used in this definition, the term “control,” including the correlative terms
 “controlling,” “controlled by” and “under common control with,” means possession, directly or indirectly,
of the power to direct or cause the direction of management or policies (whether through ownership of securities or any partnership or
other ownership interest, by contract or otherwise) of a Person. For the avoidance of doubt, for purposes of this Agreement, (a) (i) the
Company, on the one hand, and the Blackstone Holders, on the other hand, shall not be considered Affiliates and (ii) any fund, entity
or account managed, advised or sub-advised, directly or indirectly, by a Blackstone Holder or any of its Affiliates, shall be considered
an Affiliate of such Blackstone Holder and (b) with respect to any fund, entity or account managed, advised or sub-advised directly
or indirectly, by any Blackstone Holder or any of its Affiliates, the direct or indirect equity owners thereof, including limited partners
of any Blackstone Holder or any Affiliate thereof, shall be considered an Affiliate of such Blackstone Holder.

 

     

     

    

 

“Agreement”
has the meaning set forth in the introductory paragraph.

 

“Blackstone Holder(s)”
has the meaning set forth in the introductory paragraph.

 

“Blackstone Selling
Holder” means a Blackstone Holder selling Registrable Securities pursuant to a Registration Statement.

 

“Blackstone Shelf
Registration Statement” has the meaning set forth in Section 2.2(a).

 

“Blackstone Underwritten
Offering” has the meaning set forth in Section 2.2(a).

 

“Blackstone Underwritten
Offering Request” has the meaning set forth in Section 2.2(a).

 

“Board”
means the board of directors of the Company.

 

“Business Day”
means a day other than a day on which banks in the State of New York or the State of Delaware are authorized or obligated to be closed.

 

“Closing”
has the meaning set forth in the recitals.

 

“Commission”
means the Securities and Exchange Commission or any successor governmental agency.

 

“Company”
has the meaning set forth in the introductory paragraph.

 

“Company Common Stock”
means the common stock of the Company, par value $0.01 per share.

 

“Company Securities”
has the meaning set forth in Section 2.4(c)(i).

 

“Company Underwritten
Offering” has the meaning set forth in Section 2.4(a).

 

“Effective Time”
has the meaning assigned to such term in the Merger Agreement.

 

“Effectiveness Period”
has the meaning set forth in Section 2.2(c).

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, or any successor federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.

 

“Existing Holders”
means the Holders (as defined in the Existing Registration Rights Agreement).

 

“Existing Registration
Rights Agreement” means the Registration Rights Agreement, dated as of February 9, 2021, by and among the Company and the
other parties thereto.

 

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“Indemnified Party”
has the meaning set forth in Section 3.3.

 

“Indemnifying Party”
has the meaning set forth in Section 3.3.

 

“Lock-up Period”
has the meaning set forth in Section 2.11(a).

 

“Losses”
has the meaning set forth in Section 3.1.

 

“Managing Underwriter”
means, with respect to any Underwritten Offering, the lead book-running manager(s) of such Underwritten Offering.

 

“Maximum Number of
Shares” has the meaning set forth in Section 2.4(c).

 

“Merger Agreement”
has the meaning set forth in the recitals.

 

“Opt-Out Notice”
has the meaning set forth in Section 2.10

 

“Permitted Transferees”
means, with respect to any Person, (i) any Affiliate of such Person, or (ii) any of such Person’s related investment funds
or vehicles controlled or managed by such Person or an Affiliate of such Person.

 

“Person”
means any individual, partnership, limited liability company, corporation, joint stock company, trust, estate, joint venture, governmental
entity, association or unincorporated organization, or any other form of business or professional entity.

 

“Piggyback Blackstone
Holders” has the meaning set forth in Section 2.4(a).

 

“Registrable Securities”
means (a) the Shares and (b) any securities issued or issuable with respect to the Shares by way of conversion, concession,
stock dividend or stock split or other distribution, recapitalization or reclassification, or in connection with any reorganization or
other recapitalization, merger, consolidation or otherwise; provided, however, that a Registrable Security shall cease to be a
Registrable Security when (i) a Registration Statement covering such Registrable Security has become effective under the Securities
Act and such Registrable Security has been Transferred by the holder of such Registrable Security pursuant to such Registration Statement
as a result of which the legend on any certificate or book-entry notation representing such Registrable Security restricting Transfer
of such Registrable Security has been removed, (ii) such Registrable Security is Transferred pursuant to Rule 144 under the
Securities Act or pursuant to any other exemption from the registration requirements of the Securities Act as a result of which the legend
on any certificate or book-entry notation representing such Registrable Security restricting Transfer of such Registrable Security has
been removed, (iii) such Registrable Security has ceased to be outstanding, (iv) or such Registrable Security has been sold
to, or through, a broker, dealer or underwriter in a public distribution or other public securities transaction or (v) such Registrable
Security has been sold or disposed of in a transaction in which the Transferor’s rights under this Agreement are not assigned to
the Transferee pursuant to Section 5.3.

 

“Registration Expenses”
means all expenses incurred by the Company in complying with Article II, including, without limitation, (i) all registration
and filing fees, (ii) printing expenses, (iii) fees and disbursements of independent public accountants for the Company incurred
specifically in connection with such registration, (iv) fees and expenses (including reasonable and customary counsel fees) incurred
in connection with complying with state securities or “blue sky” laws, (v) fees of the Financial Industry Regulatory
Authority, Inc. and (vi) fees of transfer agents and registrars, but excluding, in each case, any Selling Expenses.

 

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“Registration Statement”
means any registration statement of the Company filed or to be filed with the Commission under the Securities Act, including the related
prospectus, amendments and supplements to such registration statement, and including pre- and post-effective amendments, and all exhibits
and all material incorporated by reference in such registration statement.

 

“Requesting Blackstone
Holder” has the meaning set forth in Section 2.2(a).

 

“Securities Act”
means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations of the Commission thereunder,
all as the same shall be in effect at the time. References to any rule under the Securities Act shall be deemed to refer to any similar
or successor rule or regulation.

 

“Selling Expenses”
means all (a) underwriting fees, discounts and selling commissions allocable to the sale of Registrable Securities, (b) transfer
taxes allocable to the sale of the Registrable Securities, (c) costs or expenses related to any roadshows conducted in connection
with the marketing of any Blackstone Underwritten Offering and (d) fees and expenses of counsel engaged by any Blackstone Holders
(subject to Article III).

 

“Shares”
has the meaning set forth in the recitals.

 

“Suspension Period”
has the meaning set forth in Section 2.3.

 

“Transfer”
means any sale, assignment, transfer, conveyance, gift, pledge, distribution, hypothecation or other encumbrance or any other disposition,
whether voluntary, involuntary by operation of law, whether effected directly or indirectly, or the entry into any legally binding contract,
commitment or understanding with respect to any sale, assignment, transfer, conveyance, gift, pledge, distribution, hypothecation or other
encumbrance or any other disposition, whether voluntary, involuntary or by operation of law, whether effected directly or indirectly,
including, with respect to any capital stock or interests in capital stock, the entry into any swap or any contract, transaction or series
of transactions that hedges or transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of such capital
stock or interest in capital stock, whether any such swap, contract, transaction or series of transactions is to be settled by delivery
of Company Securities, in cash or otherwise. “Transfers” or “Transferred” shall each have a correlative meaning.
 “Transfer,” when used as a verb, and “Transferee” and “Transferor” have correlative meanings.

 

“Underwritten Offering”
means an offering (including an offering pursuant to a Blackstone Shelf Registration Statement) in which shares of Company Common Stock
are sold to an underwriter on a firm commitment basis for reoffering to the public.

 

“Underwritten Offering
Filing” means (a) with respect to a Blackstone Underwritten Offering, a preliminary prospectus supplement (or prospectus
supplement if no preliminary prospectus supplement is used) to the Blackstone Shelf Registration Statement relating to such Blackstone
Underwritten Offering, and (b) with respect to a Company Underwritten Offering, (i) a preliminary prospectus supplement (or
prospectus supplement if no preliminary prospectus supplement is used) to an effective shelf Registration Statement (other than the Blackstone
Shelf Registration Statement) in which Registrable Securities could be included and Blackstone Holders could be named as selling security
holders without the filing of a post-effective amendment thereto (other than a post-effective amendment that becomes effective upon filing)
or (ii) a Registration Statement (other than the Blackstone Shelf Registration Statement), in each case relating to such Company
Underwritten Offering.

 

“WKSI”
means a well-known seasoned issuer (as defined in Rule 405 under the Securities Act).

 

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Article II

REGISTRATION RIGHTS

 

		Section
                              2.1	Blackstone Shelf Registration
Statement.

 

(a)            The
Company shall, as soon as practicable after the Effective Time, but in any event within five Business Days after the Effective Time (or
such later date as mutually agreed by the Company and the Blackstone Holders), file a Registration Statement (the “Blackstone
Shelf Registration Statement”), under the Securities Act to permit the public resale of the Registrable Securities by the Blackstone
Holders from time to time as permitted by Rule 415 under the Securities Act and shall use commercially reasonable efforts to cause
such Registration Statement to become or be declared effective as soon as practicable after the filing thereof, including by filing an
automatic shelf registration statement that becomes effective upon filing with the Commission in accordance with Rule 462(e) under
the Securities Act to the extent the Company is then a WKSI. Following the effective date of the Blackstone Shelf Registration Statement
or when a supplement to any prospectus forming a part of the Blackstone Shelf Registration Statement has been filed, the Company shall
notify the Blackstone Holders of the effectiveness of the Blackstone Shelf Registration Statement.

 

(b)            The
Blackstone Shelf Registration Statement shall be on Form S-3 or, if Form S-3 is not then available to the Corporation, on Form S-1
or such other form of registration statement as is then available to effect a registration for resale of such Registrable Securities and
shall contain a prospectus in such form as to permit any Blackstone Holder to sell such Registrable Securities pursuant to Rule 415
under the Securities Act (or any successor or similar rule adopted by the Commission then in effect) at any time beginning on the
effective date for the Blackstone Shelf Registration Statement. The Blackstone Shelf Registration Statement shall provide for the resale
pursuant to any method or combination of methods legally available to the Blackstone Holders and requested by the Blackstone Holders.

 

(c)            The
Company shall use commercially reasonable efforts to cause the Blackstone Shelf Registration Statement to remain effective, and to be
supplemented and amended to the extent necessary to ensure that the Blackstone Shelf Registration Statement is available or, if not available,
that another Registration Statement is available, for the resale of all the Registrable Securities by the Blackstone Holders until all
of the Registrable Securities have ceased to be Registrable Securities or the earlier termination of this Agreement (as to all Blackstone
Holders) pursuant to Section 5.1 (the “Effectiveness Period”).

 

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(d)            When
the Blackstone Shelf Registration Statement is effective, (i) such Registration Statement (including the documents incorporated therein
by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange
Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary
to make the statements therein not misleading and (ii) in the case of any prospectus contained in the Blackstone Shelf Registration
Statement, such prospectus will not include any untrue statement of a material fact or omit to state a material fact necessary in order
to make the statements therein, in the light of the circumstances under which such statements are made, not misleading.

 

Section
2.2             Blackstone Underwritten Offering Requests.

 

(a)            If
the Blackstone Holders elect to dispose of Registrable Securities under a Registration Statement pursuant to an Underwritten Offering
and reasonably expects gross proceeds of at least $75 million from such Underwritten Offering, then the Company shall, at the request
(a “Blackstone Underwritten Offering Request”) of such Blackstone Holders (in such capacity, “Requesting Blackstone
Holders”), enter into an underwriting agreement, and perform its obligations thereunder, in a form as is customary in Underwritten
Offerings of securities by the Company with the underwriter or underwriters selected pursuant to Section 2.2(b) and shall
take all such other reasonable actions as are requested by the Managing Underwriter of such Underwritten Offering and the Requesting Blackstone
Holders to expedite or facilitate the disposition of such Registrable Securities (a “Blackstone Underwritten Offering”);
provided, however, that the Company shall have no obligation to facilitate or participate in more than three Blackstone Underwritten
Offerings during any 12-month period, and no more than one Blackstone Underwritten Offering in any 90-day period. Notwithstanding any
other provision of this Agreement to the contrary, the Blackstone Holders may not demand more than five Blackstone Underwritten Offerings
in the aggregate.

 

(b)            The
Blackstone Holders shall select the underwriters in any Blackstone Underwritten Offering and shall determine the pricing of the shares
of Company Common Stock offered pursuant to any Blackstone Underwritten Offering, the applicable underwriting discounts and commissions
and the timing of any Blackstone Underwritten Offering.

 

 Section 2.3            Delay and
Suspension Rights. Notwithstanding any other provision of this Agreement, the Company
may (a) delay filing or effectiveness of a Blackstone Shelf Registration Statement (or any amendment thereto) or effecting a
Blackstone Underwritten Offering or (b) suspend the Blackstone Holders’ use of any prospectus that is a part of a
Blackstone Shelf Registration Statement upon written notice to each Blackstone Holder whose Registrable Securities are included in
such Blackstone Shelf Registration Statement (provided that in no event shall such notice contain any material non-public
information regarding the Company) (in which event such Blackstone Holder shall discontinue sales of Registrable Securities pursuant
to such Registration Statement but may settle any then-contracted sales of Registrable Securities), in each case for a period of up
to 60 days, if the Board determines that (i) such delay or suspension is in the best interest of the Company and its
stockholders generally due to a pending financing or other transaction involving the Company, including a proposed sale of shares of
Company Common Stock pursuant to a registration of Company Securities, (ii) such registration or offering would render the
Company unable to comply with applicable securities laws or (iii) such registration offering would require disclosure of
material information that the Company has a bona fide business purpose for preserving as confidential (any such period, a
 “Suspension Period”); provided, however, that in no event shall any Suspension Periods collectively exceed
an aggregate of 105 days in any twelve-month period. For the purposes of calculating the number of days of one or more Suspension
Periods under this Section 2.3, such number shall include any number of days during the applicable period during which the
Blackstone Holders were obligated to discontinue their disposition of Registrable Securities pursuant to Section 2.6(b) of
this Agreement.

 

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Section
2.4             Piggyback Registration Rights.

 

(a)            Subject
to Section 2.4(c), if the Company at any time proposes to file an Underwritten Offering Filing for a Company Underwritten
Offering of shares of Company Common Stock for its own account (a “Company Underwritten Offering”), it will give written
notice of such Company Underwritten Offering to each Blackstone Holder, which notice shall be held in strict confidence by such Blackstone
Holders and shall include the anticipated filing date of the Underwritten Offering Filing and, if known, the number of shares of Company
Common Stock that are proposed to be included in such Company Underwritten Offering, and of such Blackstone Holders’ rights under
this Section 2.4(a). Such notice shall be given promptly (and in any event at least five Business Days before the filing of
the Underwritten Offering Filing or two Business Days before the filing of the Underwritten Offering Filing in connection with a bought
or overnight Underwritten Offering). Each such Blackstone Holder shall then have four Business Days (or one Business Day in the case of
a bought or overnight Underwritten Offering) after the date on which the Blackstone Holders received notice pursuant to this Section 2.4(a) to
request inclusion of Registrable Securities in the Company Underwritten Offering (which request shall specify the maximum number of Registrable
Securities intended to be disposed of by such Blackstone Holder and such other information as is reasonably required to effect the inclusion
of such Registrable Securities) (any such Blackstone Holder making such request, a “Piggyback Blackstone Holders”).
If no request for inclusion from a Blackstone Holder is received within such period, such Blackstone Holder shall have no further right
to participate in such Company Underwritten Offering. Subject to Section 2.4(c), the Company shall use its commercially reasonable
efforts to include in the Company Underwritten Offering all Registrable Securities that the Company has been so requested to include by
the Piggyback Blackstone Holders; provided, however, that if, at any time after giving written notice of a proposed Company Underwritten
Offering pursuant to this Section 2.4(a) and prior to the execution of an underwriting agreement with respect thereto,
the Company or such other Persons who have or have been granted registration rights, as applicable, shall determine for any reason not
to proceed with or to delay such Company Underwritten Offering, the Company shall give written notice of such determination to the Piggyback
Blackstone Holders (which such Blackstone Holders will hold in strict confidence) and (i) in the case of a determination not to proceed,
shall be relieved of its obligation to include any Registrable Securities in such Company Underwritten Offering (but not from any obligation
of the Company to pay the Registration Expenses in connection therewith), and (ii) in the case of a determination to delay, shall
be permitted to delay inclusion of any Registrable Securities for the same period as the delay in including the shares of Company Common
Stock to be sold for the Company’s account or for the account of such other Persons who have or have been granted registration rights,
as applicable.

 

(b)            Each
Blackstone Selling Holder shall have the right to withdraw its request for inclusion of its Registrable Securities in any Company Underwritten
Offering at any time prior to the execution of an underwriting agreement; further, any Blackstone Holder may elect not to be notified
of any Company Underwritten Offering by delivering an Opt-Out Notice to the Company in writing requesting that such Blackstone Holder
not receive notice from the Company of any proposed Company Underwritten Offering; provided, however, that such Blackstone Holder
may later revoke any such Opt-Out Notice in writing.

 

(c)            If
the Managing Underwriter of the Company Underwritten Offering shall inform the Company of its belief that the number of Registrable Securities
requested to be included in such Company Underwritten Offering, when added to the number of shares of Company Common Stock proposed to
be offered by the Company or such other Persons who have or have been granted registration rights (and any other shares of Company Common
Stock requested to be included by any other Persons having registration rights on parity with the Piggyback Blackstone Holders with respect
to such offering), would materially adversely affect such offering, then the Company shall include in such Company Underwritten Offering,
to the extent of the total number of securities which the Company is so advised can be sold in such offering without so materially adversely
affecting such offering (the “Maximum Number of Shares”), shares of Company Common Stock in the following priority:

 

(i)            First,
all shares of Company Common Stock that the Company proposes to include for its own account (the “Company Securities”);

 

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(ii)           Second,
if the Company Underwritten Offering is for the account of the Company, to the extent that the number of Company Securities is less than
the Maximum Number of Shares, or if the Company Underwritten Offering is for the account of any other Persons who have or have been granted
registration rights, the shares of Company Common Stock requested to be included by the Existing Holders, if any, pro rata among
the Existing Holders in accordance with the Existing Registration Rights Agreement;

 

(iii)          Third,
if the Company Underwritten Offering is for the account of the Company, to the extent that the number of Company Securities is less than
the Maximum Number of Shares, or if the Company Underwritten Offering is for the account of any other Persons who have or have been granted
registration rights, the shares of Company Common Stock requested to be included by the Piggyback Blackstone Holders and holders of any
other shares of Company Common Stock requested to be included by Persons having rights of registration on parity with the Piggyback Blackstone
Holders with respect to such offering, pro rata among the Piggyback Blackstone Holders and such other holders based on the number
of shares of Company Common Stock each requested to be included; and

 

(iv)          Fourth,
other securities requested to be included, if any, pro rata among the holders of such other securities.

 

(d)            The
Company shall select the underwriters in any Company Underwritten Offering and shall determine the pricing of the shares of Company Common
Stock offered pursuant to any Company Underwritten Offering, the applicable underwriting discounts and commissions and the timing of any
such Company Underwritten Offering.

 

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Section
2.5            Participation in Underwritten Offerings.

 

(a)            In
connection with any Underwritten Offering contemplated by Sections 2.2 or 2.4, the underwriting agreement into which each
Blackstone Selling Holder and the Company shall enter into shall contain such representations, covenants, indemnities (subject to Article III)
and other rights and obligations as are customary in Underwritten Offerings of securities by the Company; provided, that the Company
shall not be required to make any representations or warranties with respect to written information specifically provided by a Blackstone
Selling Holder for inclusion in the applicable Registration Statement. No Blackstone Selling Holder shall be required to make any representations
or warranties to or agreements with the Company or the underwriters other than representations, warranties or agreements regarding such
Blackstone Selling Holder’s authority to enter into such underwriting agreement and to sell, and its ownership of and title to,
the securities being registered on its behalf, its intended method of distribution and any other representation required by law.

 

(b)            Any
participation by Blackstone Holders in a Company Underwritten Offering shall be in accordance with the plan of distribution of the Company.

 

(c)            No
Blackstone Holder shall be entitled to sell any Registrable Securities in connection with any Company Underwritten Offering in which such
Blackstone Holder elects to include Registrable Securities pursuant to Section 2.4, unless such Blackstone Holder (i) supplies
any information reasonably requested by the Company in connection with the preparation of a Registration Statement and/or any other documents
relating to such registered offering, (ii) executes and delivers all agreements and other documents and instruments being executed
by all holders on substantially the same terms reasonably requested by the Company or the Managing Underwriter, as applicable, to effectuate
such registered offering, including, without limitation, underwriting agreements (subject to Section 2.5(a)), custody agreements,
questionnaires, indemnities, powers of attorney, lock-ups and “hold back” agreements, and (iii) agrees not to sell or
purchase any securities of the Company, as applicable, for the same period of time following the registered offering as is agreed to by
the Company and the other participating holders, and further agrees and consents to the entry of stop transfer instructions with the Company’s
transfer agent and registrar against the Transfer of securities of the Company beneficially owned or owned of record by such Blackstone
Holder during such period.

 

(d)            If
the Company or Managing Underwriter, as applicable, requests that the Blackstone Holders take any of the actions referred to in Section 2.5(c),
the Blackstone Holders shall take such action promptly but in any event within three Business Days following the date of such request.

 

Section
2.6             Registration Procedures.

 

(a)            In
connection with its obligations under this Article II, the Company will:

 

(i)            promptly
prepare and file with the Commission such amendments and supplements to such Registration Statement and the prospectus used in connection
therewith as may be necessary to keep such Registration Statement effective and to comply with the provisions of the Securities Act with
respect to the disposition of all securities covered by such Registration Statement until such time as all of such securities have been
disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such Registration Statement;

 

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(ii)            furnish
to each Blackstone Holder such number of conformed copies of such Registration Statement and of each such amendment and supplement thereto
(in each case including without limitation all exhibits), such number of copies of the prospectus contained in such Registration Statement
(including without limitation each preliminary prospectus and any summary prospectus) and any other prospectus filed under Rule 424
under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such Blackstone Holder
may reasonably request;

 

(iii)          if
applicable, use commercially reasonable efforts to register or qualify all Registrable Securities and other securities covered by such
Registration Statement under such other securities or blue sky laws of such jurisdictions as each Blackstone Holder thereof shall reasonably
request, to keep such registration or qualification in effect for so long as such Registration Statement remains in effect, and to take
any other action which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions
of the securities owned by such seller, except that the Company shall not for any such purpose be required to qualify generally to do
business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this clause (iii) be obligated
to be so qualified or to consent to general service of process in any such jurisdiction;

 

(iv)          in
connection with an Underwritten Offering, use all commercially reasonable efforts to provide to each Blackstone Holder, on the date that
shares of Registrable Securities are delivered to the underwriters for sale, if such securities are being sold through underwriters, (i) an
opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as
is customarily given to underwriters by the Company in an underwritten public offering, addressed to the underwriters, (ii) a letter
dated as of such date, from the independent public accountants of the Company, in form and substance as is customarily given by independent
public accountants to underwriters in an underwritten public offering, addressed to the underwriters and (iii) an engineers’
reserve report letter as of such date, from the independent petroleum engineers of the Company, in form and substance as is customarily
given by independent petroleum engineers to underwriters in an underwritten public offering, addressed to the underwriters;

 

(v)           promptly
notify each Blackstone Holder, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon
discovery that, or upon the happening of any event as a result of which, the prospectus included in such Registration Statement, as then
in effect, includes an untrue statement of a material fact or omits to state any material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading, and at the request of any such seller promptly
prepare and furnish to such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary
so that, as thereafter delivered to the purchasers of such securities, such prospectus shall not include an untrue statement of a material
fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading;

 

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(vi)          promptly
notify each Blackstone Holder and any underwriters of the notification to the Company by the Commission of its initiation of any proceeding
with respect to the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, and in the
event of the issuance of any stop order suspending the effectiveness of such Registration Statement, or of any order suspending or preventing
the use of any related prospectus or suspending the qualification of any Registrable Securities included in such Registration Statement
for sale in any jurisdiction, use its reasonable best efforts to obtain promptly the withdrawal of such order;

 

(vii)         promptly
notify each Blackstone Holders and any underwriters of the receipt by the Company of any notification with respect to the suspension of
the qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction;

 

(viii)        otherwise
use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and make available
to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions
of Section 11(a) of the Securities Act, and shall furnish to each Blackstone Holder at least the Business Day prior to the filing
thereof a copy of any amendment or supplement to such Registration Statement or prospectus;

 

(ix)          make
available to each Blackstone Holder (i) promptly after the same is prepared and publicly distributed, filed with the Commission,
or received by the Company, one copy of each Registration Statement and any amendment thereto, each preliminary prospectus and prospectus
and each amendment or supplement thereto, each letter written by or on behalf of the Company to the Commission or the staff of the Commission
(or other governmental agency or self-regulatory body or other body having jurisdiction, including any domestic or foreign securities
exchange), and each item of correspondence from the Commission or the staff of the Commission (or other governmental agency or self-regulatory
body or other body having jurisdiction, including any domestic or foreign securities exchange), in each case relating to such Registration
Statement, and (ii) such number of copies of each prospectus, including a preliminary prospectus, and all amendments and supplements
thereto and such other documents as any Blackstone Holder or any underwriter may reasonably request in order to facilitate the disposition
of the Registrable Securities. The Company will promptly notify the Blackstone Holders of the effectiveness of each Registration Statement
or any post-effective amendment or the filing of any supplement or amendment to such Registration Statement or of any prospectus supplement.
The Company will promptly respond to any and all comments received from the Commission, with a view towards causing each Registration
Statement or any amendment thereto to be declared effective by the Commission as soon as practicable and shall file an acceleration request,
if necessary, as soon as practicable following the resolution or clearance of all Commission comments or, if applicable, following notification
by the Commission that any such Registration Statement or any amendment thereto will not be subject to review;

 

(x)            take
no direct or indirect action prohibited by Regulation M under the Exchange Act; provided, that, to the extent that any prohibition is
applicable to the Company, the Company will take all reasonable action to make any such prohibition inapplicable;

 

    11

     

    

 

(xi)          provide
and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by such Registration Statement from and
after a date not later than the effective date of such Registration Statement;

 

(xii)         cause
all Registrable Securities covered by such Registration Statement to be listed on a national securities exchange or trading system (if
any) and on any securities exchange on which the Company Common Stock is then listed;

 

(xiii)         if
requested by the Blackstone Holders, cooperate with the Blackstone Holders and the Managing Underwriter (if any) to facilitate the timely
preparation and delivery of certificates (which shall not bear any restrictive legends unless required under applicable law) representing
securities sold under the Registration Statement, and enable such securities to be in such denominations and registered in such names
as such Blackstone Holders or the Managing Underwriter (if any) may request and keep available and make available to the Company’s
transfer agent prior to the effectiveness of such Registration Statement a supply of such certificates;

 

(xiv)        enter
into such customary agreements and take such other actions as the Blackstone Holders shall reasonably request in order to expedite or
facilitate the disposition of such Registrable Securities (including, in the case of a Blackstone Underwritten Offering or Company Underwritten
Offering, to agree, and to cause its directors and “executive officers” (as defined under Section 16 of the Exchange
Act) to agree, to such “lock-up” arrangements for up to 30 days with the underwriters thereof to the extent reasonably requested
by the Managing Underwriters, subject to exceptions for permitted sales by directors and executive officers during such period consistent
with underwritten offerings previously conducted by the Company); and

 

(xv)         until
the six month anniversary of the date of this Agreement, in connection with any transaction or series of anticipated transactions (a) effected
pursuant to the Blackstone Shelf Registration Statement, (b) with reasonably anticipated gross proceeds in excess of $75 million
or involving Registrable Securities having a fair market value in excess of $75 million and (c) involving a broker, agent, counterparty,
underwriter, bank or other financial institution (“Financial Counterparty”), to the extent reasonably requested by
the Financial Counterparty in order to engage in the proposed transaction, the Company will use its commercially reasonable efforts to
cooperate with the Blackstone Holders to allow the Financial Counterparty to conduct customary “underwriter’s due diligence”
with respect to the Company.

 

(b)            Each
Blackstone Holder agrees by acquisition of such Registrable Securities that upon receipt of any notice from the Company of the happening
of any event of the kind described in Section 2.6(a)(v) or Section 2.6(a)(vi), such Blackstone Holder will
forthwith discontinue such Blackstone Holder’s disposition of Registrable Securities pursuant to the Registration Statement until
such Blackstone Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 2.6(a)(v) or
Section 2.6(a)(vi), as applicable, as filed with the Commission or until it is advised in writing by the Company that the
use of such Registration Statement may be resumed, and, if so directed by the Company, will deliver to the Company (at the Company’s
expense) all copies, other than permanent file copies, then in such Blackstone Holder’s possession of the prospectus relating to
such Registrable Securities current at the time of receipt of such notice. The Company may provide appropriate stop orders to enforce
the provisions of this Section 2.6(b).

 

    12

     

    

 

Section 2.7       Cooperation
by Blackstone Holders. The Company shall have no obligation to include Registrable Securities
of a Blackstone Holder in any Registration Statement or Underwritten Offering if such Blackstone Holder fails to timely furnish such
information that the Company determines, after consultation with its counsel, is reasonably required for any registration statement or
prospectus supplement, as applicable, to comply with the Securities Act.

 

Section 2.8        Expenses.
The Company shall be responsible for all Registration Expenses incident to its performance of or compliance with its obligations under
this Article II. Each Blackstone Selling Holder shall pay its pro rata share of all Selling Expenses in connection
with any sale of its Registrable Securities hereunder.

 

Section 2.9       Other
Registration Rights. From and after the Effective Time, the Company shall not, without the
prior written consent of the Blackstone Holders, enter into any agreement with any current or future holder of any securities of the
Company (other than the Existing Holders) that would allow such current or future holder to require the Company to include securities
in any registration statement filed by the Company for the Blackstone Holders on a basis other than pari passu with, or expressly
subordinate to, the piggyback rights of the Blackstone Holders hereunder; provided, that in no event shall the Company enter into
any agreement that would provide another holder of securities of the Company (other than the Existing Holders) the right to participate
in a Blackstone Underwritten Offering.

 

Section 2.10     Opt-Out
Notices. Any Blackstone Holder may deliver written notice (an “Opt-Out Notice”)
to the Company requesting that such Blackstone Holder not receive notice from the Company of the proposed filing of any Blackstone Underwritten
Offering, Company Underwritten Offering, the withdrawal of any Blackstone Underwritten Offering or Company Underwritten Offering or any
event that could lead to a Suspension Period, in which case the Company shall not be required to provide such notice(s); provided,
however, that such Blackstone Holder may later revoke any such Opt-Out Notice in writing.

 

Section
2.11       Lock-up
Restrictions.

 

(a)         Except
as permitted by Section 2.11(b), for a period of 60 days from the date of the Closing (the “Lock-up Period”),
no Blackstone Holder shall Transfer any Registrable Securities beneficially owned or owned of record by such Blackstone Holder (including
securities held as a custodian), except to a Permitted Transferee.

 

(b)         Notwithstanding
the provisions set forth in Section 2.11(a), Transfers of Registrable Securities beneficially owned or owned of record by
a Blackstone Holder are permitted (i) by virtue of the governing documents of such Blackstone Holder or by virtue of the laws of
the jurisdiction of formation of such Blackstone Holder upon such Blackstone Holder’s dissolution; and (ii) in the event of
the Company’s liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the
Company’s stockholders having the right to exchange their shares of Company Common Stock for cash, securities or other property.

 

    13

     

    

 

(c)        Each
Blackstone Holder hereby represents and warrants that it now has, and except as contemplated by this Section 2.11(c), for
the duration of the applicable Lock-up Period will have, good and marketable title to its Registrable Securities, free and clear of all
liens, encumbrances, and claims that could impact the ability of such Blackstone Holder to comply with the foregoing restrictions. Each
Blackstone Holder agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar
against the Transfer of securities of the Company beneficially owned or owned of record by such Blackstone Holder during the Lock-up Period.

 

Article III

INDEMNIFICATION AND CONTRIBUTION

 

Section 3.1        Indemnification
by the Company. The Company will indemnify and hold harmless each Blackstone Selling Holder,
its officers and directors and each Person (if any) that controls such Blackstone Holder within the meaning of either Section 15
of the Securities Act or Section 20 of the Exchange Act from and against any and all losses, claims, damages, liabilities, costs
and expenses (including attorneys’ fees) (“Losses”) caused by, arising out of, resulting from or related to any untrue
statement or alleged untrue statement of a material fact (a) contained in any Registration Statement relating to the Registrable
Securities (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto), or any omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading
or (b) included in any prospectus relating to the Registrable Securities (as amended or supplemented if the Company shall have furnished
any amendments or supplements thereto) or any preliminary prospectus, or any omission or alleged omission to state therein a material
fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading,
provided, however, that such indemnity shall not apply to that portion of such Losses caused by, or arising out of, any untrue
statement, or alleged untrue statement or any such omission or alleged omission, to the extent such statement or omission was made in
reliance upon and in conformity with information furnished in writing to the Company by or on behalf of such Blackstone Holder expressly
for use therein.

 

Section 3.2       Indemnification
by the Blackstone Holders. The Blackstone Holders agree to indemnify and hold harmless the
Company, its officers and directors and each Person (if any) that controls the Company within the meaning of either Section 15 of
the Securities Act or Section 20 of the Exchange Act from and against any and all Losses caused by, arising out of, resulting from
or related to any untrue statement or alleged untrue statement of a material fact (a) contained in any Registration Statement relating
to Registrable Securities (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto), or
any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein
not misleading or (b) included in any prospectus relating to the Registrable Securities (as amended or supplemented if the Company
shall have furnished any amendments or supplements thereto) or any preliminary prospectus, or any omission or alleged omission to state
therein a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading, only to the extent such statement or omission was made in reliance upon and in conformity with information furnished
in writing by or on behalf of such Blackstone Holder expressly for use in any Registration Statement or prospectus relating to the Registrable
Securities, or any amendment or supplement thereto, or any preliminary prospectus.

 

    14

     

    

 

Section 3.3       Indemnification
Procedures. In case any proceeding (including any governmental investigation) shall be instituted
involving any Person in respect of which indemnity may be sought pursuant to Section 3.1 or 3.2, such Person (the
 “Indemnified Party”) shall promptly notify the Person against whom such indemnity may be sought (the “Indemnifying
Party”) in writing (provided that the failure of the Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this Article III, except to the extent the Indemnifying Party is actually prejudiced
by such failure to give notice), and the Indemnifying Party shall be entitled to participate in such proceeding and, unless in the reasonable
opinion of outside counsel to the Indemnified Party a conflict of interest between the Indemnified Party and Indemnifying Party may exist
in respect of such claim, to assume the defense thereof jointly with any other Indemnifying Party similarly notified, to the extent that
it chooses, with counsel reasonably satisfactory to such Indemnified Party, and after notice from the Indemnifying Party to such Indemnified
Party that it so chooses, the Indemnifying Party shall not be liable to such Indemnified Party for any legal or other expenses subsequently
incurred by such Indemnified Party in connection with the defense thereof other than reasonable costs of investigation; provided,
however, that (a) if the Indemnifying Party fails to assume the defense or employ counsel reasonably satisfactory to the
Indemnified Party, (b) if such Indemnified Party who is a defendant in any action or proceeding which is also brought against the
Indemnifying Party reasonably shall have concluded that there may be one or more legal defenses available to such Indemnified Party which
are not available to the Indemnifying Party or (c) if representation of both parties by the same counsel is otherwise inappropriate
under applicable standards of professional conduct then, in any such case, the Indemnified Party shall have the right to assume or continue
its own defense as set forth above (but with no more than one firm of counsel for all Indemnified Parties in each jurisdiction, except
to the extent any Indemnified Party reasonably shall have concluded that there may be legal defenses available to such party or parties
which are not available to the other Indemnified Parties or to the extent representation of all Indemnified Parties by the same counsel
is otherwise inappropriate under applicable standards of professional conduct) and the Indemnifying Party shall be liable for any expenses
therefor. No Indemnifying Party shall, without the written consent of the Indemnified Party, effect the settlement or compromise of,
or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification
or contribution may be sought hereunder (whether or not the Indemnified Party is an actual or potential party to such action or claim)
unless such settlement, compromise or judgment (i) includes an unconditional release of the Indemnified Party from all liability
arising out of such action or claim and (ii) does not include a statement as to, or an admission of, fault, culpability or a failure
to act, by or on behalf of any Indemnified Party.

 

Section
3.4             Contribution.

 

(a)            If
the indemnification provided for in this Article III is unavailable to an Indemnified Party in respect of any Losses in respect
of which indemnity is to be provided hereunder, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall to
the fullest extent permitted by law contribute to the amount paid or payable by such Indemnified Party as a result of such Losses in such
proportion as is appropriate to reflect the relative fault of such party in connection with the statements or omissions that resulted
in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company
(on the one hand) and a Blackstone Holder (on the other hand) shall be determined by reference to, among other things, whether the untrue
or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied
by such party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement
or omission.

 

    15

     

    

 

(b)            The
Company and the Blackstone Holders agree that it would not be just and equitable if contribution pursuant to this Article III
were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations
referred to in Section 3.4(a). The amount paid or payable by an Indemnified Party as a result of the Losses referred to in
Section 3.4(a) shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably
incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions
of this Article III, no Blackstone Holder shall be liable for indemnification or contribution pursuant to this Article III
for any amount in excess of the net proceeds of the offering received by such Blackstone Holder, less the amount of any damages which
such Blackstone Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall
be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.

 

Article IV

RULE 144

 

With a view to making available
the benefits of certain rules and regulations of the Commission that may permit the resale of the Registrable Securities without
registration, the Company agrees to use its commercially reasonable efforts to:

 

(a)            make
and keep public information regarding the Company available, as those terms are understood and defined in Rule 144 under the Securities
Act, at all times from and after the Effective Time;

 

(b)            file
with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange
Act at all times from and after the Effective Time; and

 

(c)            so
long as a Blackstone Holder owns any Registrable Securities, furnish (i) to the extent accurate, forthwith upon request, a written
statement of the Company that it has complied with the reporting requirements of Rule 144 under the Securities Act and (ii) unless
otherwise available via the Commission’s EDGAR filing system, to such Blackstone Holder forthwith upon request a copy of the most
recent annual or quarterly report of the Company, and such other reports and documents so filed as such Blackstone Holder may reasonably
request in availing itself of any rule or regulation of the Commission allowing such Blackstone Holder to sell any such securities
without registration.

 

    16

     

    

 

Article V

MISCELLANEOUS

 

Section 5.1         Effectiveness.
This Agreement shall not become effective until the Effective Time and shall thereafter be effective until terminated in accordance with
the terms of this Agreement. In the event that the Merger Agreement is terminated prior to the consummation of the transactions contemplated
thereby, this Agreement and all the terms hereunder shall also terminate, regardless of any other provisions set forth in this Agreement.

 

Section 5.2         Termination.
After effectiveness in accordance with Section 5.1, this Agreement shall terminate, and the parties shall have no
further rights or obligations hereunder on the date when there shall no longer be any Registrable Securities outstanding.

 

Section 5.3         Transfer
of Rights. The rights to registration and other rights under this Agreement may be assigned
to a Transferee of Registrable Securities if (a) such Blackstone Holder shall give the Company written notice prior to the time
of such assignment stating the name and address of the Transferee and identifying the securities with respect to which the rights under
this Agreement are being assigned; (b) such Transferee has delivered to the Company a duly executed Adoption Agreement; (c) such
Registrable Securities remain Registrable Securities following such assignment; and (d) immediately following such assignment the
further disposition of such securities by such Transferee shall be restricted to the extent set forth under applicable law. For the avoidance
of doubt, no assignment by any Blackstone Holder of such Blackstone Holder’s rights, duties and obligations hereunder shall be
binding upon or obligate the Company unless and until the Company shall have received (i) written notice of such assignment in accordance
with Section 5.8 and (ii) a duly executed Adoption Agreement from such Transferee. Any Transfer or assignment made other
than as provided in this Section 5.3 shall be null and void.

 

Section 5.4         Severability.
If any provision of this Agreement shall be determined to be illegal and unenforceable by any court of law, the remaining provisions
shall be severable and enforceable in accordance with their terms.

 

Section
5.5             Governing Law; Waiver of Jury Trial.

 

(a)            This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to principles of conflicts
of laws that would direct the application of the laws of another jurisdiction.

 

(b)            THE
PARTIES HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY PARTY AGAINST ANOTHER IN ANY MATTER WHATSOEVER
ARISING OUT OF OR IN RELATION TO OR IN CONNECTION WITH THIS AGREEMENT. FURTHER, NOTHING HEREIN SHALL DIVEST A COURT OF COMPETENT JURISDICTION
OF THE RIGHT AND POWER TO GRANT A TEMPORARY RESTRAINING ORDER, TO GRANT TEMPORARY INJUNCTIVE RELIEF, OR TO COMPEL SPECIFIC PERFORMANCE
OF ANY DECISION OF AN ARBITRAL TRIBUNAL MADE PURSUANT TO THIS PROVISION.

 

Section 5.6        Adjustments
Affecting Registrable Securities. The provisions of this Agreement shall apply to any and
all shares of capital stock of the Company or any successor or assignee of the Company (whether by merger, consolidation, division, sale
of assets or otherwise) which may be issued in respect of, in exchange for or in substitution for Registrable Securities, by reason of
any stock dividend, split, reverse split, combination, recapitalization, reclassification, merger, consolidation, division or otherwise
in such a manner and with such appropriate adjustments as to reflect the intent and meaning of the provisions hereof and so that the
rights, privileges, duties and obligations hereunder shall continue with respect to the capital stock of the Company as so changed.

 

    17

     

    

 

Section 5.7     Binding
Effects; Benefits of Agreement. This Agreement shall be binding upon and inure to the benefit
of the Company and its successors and assigns and each Blackstone Holder and its successors and assigns. Except as provided in Section 5.3,
neither this Agreement nor any of the rights, benefits or obligations hereunder may be assigned or transferred, by operation of law or
otherwise, by any Blackstone Holder without the prior written consent of the Company.

 

Section 5.8     Notices.
All notices or other communications which are required or permitted hereunder shall be in writing and shall be deemed to have been given
if (a) personally delivered, (b) sent by nationally recognized overnight courier, (c) sent by registered or certified
mail, postage prepaid, return receipt requested, or (d) sent by email. Such notices and other communications must be sent to the
following addresses or email addresses:

 

(a)            If
to the Company, to:

 

	Chesapeake Energy Corporation 
	6100 North Western Ave. 
	Oklahoma City, Oklahoma 73118 
	Attention:	Benjamin E. Russ 
	E-mail:	ben.russ@chk.com

 

with copies (which shall not constitute
notice) to: 

 

Latham & Watkins LLP

811 Main Street, Suite 3700 

Houston, Texas 77002

Attention: 

William N. Finnegan IV 

Kevin
M. Richardson

 

E-mail: 

bill.finnegan@lw.com 

kevin.richardson@lw.com

 

(b)            If
to the Blackstone Holders, to: 

 

	Blackstone Inc. 
	345 Park Avenue 
	New York, New York 10154 
	Attention:	Angelo Acconcia 
	Email:	acconcia@blackstone.com

 

    18

     

    

 

with copies (which shall not constitute
notice) to:

 

Weil, Gotshal & Manges LLP 

767 5th Avenue 

New York, NY 10153 

Attention:     Raymond
O. Gietz 

Facsimile:     (212)
310-8007 

Email:          raymond.gietz@weil.com 

and

 

Weil, Gotshal & Manges LLP 

700 Louisiana Street, Suite 1700 

Houston, TX 77002 

Attention:     Jeffery
K. Malonson 

Facsimile:     (713)
546-5050 

Email:          jeff.malonson@weil.com

 

or to such other address or email address as the
party to whom notice is to be given may have furnished to such other party in writing in accordance herewith. Any such communication shall
be deemed to have been received (a) when delivered, if personally delivered, (b) the next Business Day after delivery, if sent
by nationally recognized, overnight courier, (c) on the second Business Day following the date on which the piece of mail containing
such communication is posted, if sent by first-class mail or (d) on the date sent, if sent by email during normal business hours
of the recipient or on the next Business Day, if sent by email after normal business hours of the recipient.

 

Section 5.9     Modification;
Waiver. This Agreement may be amended, modified or supplemented only by a written instrument
duly executed by the Company and the Blackstone Holders. No course of dealing between the Company and the Blackstone Holders (or any
of them) or any delay in exercising any rights hereunder will operate as a waiver of any rights of any party to this Agreement. The failure
of any party to enforce any of the provisions of this Agreement will in no way be construed as a waiver of such provisions and will not
affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms.

 

Section 5.10     Entire
Agreement. Except as otherwise expressly provided herein, this Agreement constitutes the
entire agreement among the parties pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements and
understandings of the parties in connection therewith.

 

Section 5.11     Counterparts.
This Agreement may be executed in any number of counterparts, and each such counterpart shall be deemed to be an original instrument,
but all such counterparts taken together shall constitute but one agreement.

 

[signature page follows]

 

    19

     

    

 

IN WITNESS WHEREOF, each of
the Parties has caused this Agreement to be executed by its undersigned duly authorized representative as of the date first written above.

 

	 	CHESAPEAKE ENERGY CORPORATION
	 	 
	 	By:	/s/ Benjamin E. Russ
	 	Name:	Benjamin E. Russ
	 	Title:	 Executive Vice President, General
	 	 	Counsel and Corporate Secretary

 

SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT

 

    

     

    

 

	 	BRIX INVESTMENT LLC
	 	 
	 	By:	/s/ Angelo Acconcia
	 	Name:	Angelo Acconcia
	 	Title:	President

 

	 	BRIX INVESTMENT II LLC
	 	 
	 	By:	/s/ Angelo Acconcia
	 	Name:	Angelo Acconcia
	 	Title:	President

 

	 	HARVEST INVESTMENT LLC
	 	 
	 	By:	/s/ Angelo Acconcia
	 	Name:	Angelo Acconcia
	 	Title:	President

 

	 	HARVEST INVESTMENT II LLC
	 	 
	 	By:	/s/ Angelo Acconcia
	 	Name:	Angelo Acconcia
	 	Title:	President

 

	 	VINE INVESTMENT LLC
	 	 
	 	By:	/s/ Angelo Acconcia
	 	Name:	Angelo Acconcia
	 	Title:	President

 

	 	VINE INVESTMENT II LLC
	 	 
	 	By:	/s/ Angelo Acconcia
	 	Name:	Angelo Acconcia
	 	Title:	President

 

SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT

 

    

     

    

 

Exhibit A

 

ADOPTION AGREEMENT

 

This Adoption Agreement (“Adoption
Agreement”) is executed by the undersigned transferee (“Transferee”) pursuant to the terms of the Registration
Rights Agreement (as amended from time to time, the “Registration Rights Agreement”), dated as of August 10, 2021,
among Chesapeake Energy Corporation, an Oklahoma corporation (the “Company”), Brix Investment LLC, Brix Investment
II LLC, Harvest Investment LLC, Harvest Investment II LLC, Vine Investment LLC and Vine Investment II LLC, and any Transferees thereof,
that hold Registrable Securities (the “Blackstone Holders”). Terms used and not otherwise defined in this Adoption
Agreement have the meanings set forth in the Registration Rights Agreement.

 

By the execution of this Adoption
Agreement, the Transferee agrees as follows:

 

1.            Acknowledgement.
Transferee acknowledges that Transferee is acquiring certain shares of Company Common Stock subject to the terms and conditions of Registration
Rights Agreement, among the Company and the Blackstone Holders.

 

2.            Agreement.
Transferee (a) agrees that the shares of Company Common Stock acquired by Transferee shall be bound by and subject to the terms of
the Registration Rights Agreement, pursuant to the terms thereof, and (b) hereby adopts the Registration Rights Agreement with the
same force and effect as if he, she or it were originally a party thereto.

 

3.            Notice.
Any notice required as permitted by the Registration Rights Agreement shall be given to Transferee at the address listed below Transferee’s
signature.

 

4.            Joinder.
The spouse of the undersigned Transferee, if applicable, executes this Adoption Agreement to acknowledge its fairness and that it is in
such spouse’s best interest, and to bind such spouse’s community interest, if any, in the shares of Company Common Stock and
other securities referred to above and in the Registration Rights Agreement, to the terms of the Registration Rights Agreement.

 

	 	Signature:
	 	 
	 	 
	 	Address:
	 	 
	 	 
	 	 
	 	Contact Person:	 
	 	 
	 	Telephone Number:	 
	 	 
	 	Email:EX-4.3

 Exhibit 4.3 
  

 
  
  

GENERATION BIO CO. 
 and

  
  

Trustee 
 INDENTURE 

Dated as of                      

SENIOR DEBT SECURITIES 

 CROSS-REFERENCE TABLE1

  

			
	 Section of 
Trust Indenture Act 
of 1939, as amended
	  	Section of
Indenture
	 310(a)
	  	6.09
	 310(b)
	  	6.08
		  	6.10
	 310(c)
	  	Inapplicable
	 311(a)
	  	6.13
	 311(b)
	  	6.13
	 311(c)
	  	Inapplicable
	 312(a)
	  	4.01
 4.04

	 312(b)
	  	4.04(c)
	 312(c)
	  	4.04(c)
	 313(a)
	  	4.03
	 313(b)
	  	4.03
	 313(c)
	  	4.03
	 313(d)
	  	4.03
	 314(a)
	  	4.02
	 314(b)
	  	Inapplicable
	 314(c)
	  	2.04
 8.04
 9.01(c)

10.01(b)
 11.05

	 314(d)
	  	Inapplicable
	 314(e)
	  	11.05
	 314(f)
	  	Inapplicable
	 315(a)
	  	6.01
 6.02

	 315(b)
	  	5.11
	 315(c)
	  	6.01
	 315(d)
	  	6.01
		  	6.02
	 315(e)
	  	5.12
	 316(a)
	  	5.09
 5.10

		  	7.04
	 316(b)
	  	5.06
 5.10

	 316(c)
	  	7.02
	 317(a)
	  	5.04
	 317(b)
	  	3.04
	 318(a)
	  	11.07

  

	1 	 This Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing on the
interpretation of any of its terms or provisions. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	 ARTICLE 1     DEFINITIONS
	  	 	1	 
	 Section 1.01
	 	Certain Terms Defined	  	 	1	 
		
	 ARTICLE 2     SECURITIES
	  	 	7	 
	 Section 2.01
	 	Forms Generally	  	 	7	 
	 Section 2.02
	 	Form of Trustee’s Certificate of Authentication	  	 	7	 
	 Section 2.03
	 	Amount Unlimited; Issuable in Series	  	 	8	 
	 Section 2.04
	 	Authentication and Delivery of Securities	  	 	10	 
	 Section 2.05
	 	Execution of Securities	  	 	12	 
	 Section 2.06
	 	Certificate of Authentication	  	 	12	 
	 Section 2.07
	 	Denomination and Date of Securities; Payments of Interest	  	 	12	 
	 Section 2.08
	 	Registration, Transfer and Exchange	  	 	13	 
	 Section 2.09
	 	Mutilated, Defaced, Destroyed, Lost and Stolen Securities	  	 	15	 
	 Section 2.10
	 	Cancellation of Securities; Destruction Thereof	  	 	16	 
	 Section 2.11
	 	Temporary Securities	  	 	16	 
	 Section 2.12
	 	CUSIP Numbers	  	 	16	 
		
	 ARTICLE 3     COVENANTS OF THE ISSUER
	  	 	17	 
	 Section 3.01
	 	Payment of Principal and Interest	  	 	17	 
	 Section 3.02
	 	Offices for Payments, Etc	  	 	17	 
	 Section 3.03
	 	Appointment to Fill a Vacancy in Office of Trustee	  	 	18	 
	 Section 3.04
	 	Paying Agents	  	 	18	 
	 Section 3.05
	 	Written Statement to Trustee	  	 	18	 
		
	 ARTICLE 4     SECURITYHOLDERS LISTS AND REPORTS BY THE ISSUER AND
THE TRUSTEE
	  	 	19	 
	 Section 4.01
	 	Issuer to Furnish Trustee Information as to Names and Addresses of Securityholders	  	 	19	 
	 Section 4.02
	 	Reports by the Issuer	  	 	19	 
	 Section 4.03
	 	Reports by the Trustee	  	 	19	 
	 Section 4.04
	 	Preservation of Information; Communication with Securityholders	  	 	19	 
		
	 ARTICLE 5     REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT
OF DEFAULT
	  	 	20	 
	 Section 5.01
	 	Event of Default Defined; Acceleration of Maturity; Waiver of Default	  	 	20	 
	 Section 5.02
	 	Collection of Debt by Trustee; Trustee May Prove Debt	  	 	22	 
	 Section 5.03
	 	Application of Proceeds	  	 	24	 
	 Section 5.04
	 	Suits for Enforcement	  	 	25	 
	 Section 5.05
	 	Restoration of Rights on Abandonment of Proceedings	  	 	25	 
	 Section 5.06
	 	Limitations on Suits by Securityholders	  	 	25	 
	 Section 5.07
	 	Unconditional Right of Securityholders to Institute Certain Suits	  	 	26	 

  
 i 

							
	 	 	 	  	PAGE	 
	 Section 5.08
	 	Powers and Remedies Cumulative; Delay or Omission Not Waiver of Default	  	 	26	 
	 Section 5.09
	 	Control by Holders of Securities	  	 	26	 
	 Section 5.10
	 	Waiver of Past Defaults	  	 	27	 
	 Section 5.11
	 	Trustee to Give Notice of Default	  	 	27	 
	 Section 5.12
	 	Right of Court to Require Filing of Undertaking to Pay Costs	  	 	27	 
		
	 ARTICLE 6     CONCERNING THE TRUSTEE
	  	 	28	 
	 Section 6.01
	 	Duties and Responsibilities of the Trustee; During Default; Prior to Default	  	 	28	 
	 Section 6.02
	 	Certain Rights of the Trustee	  	 	28	 
	 Section 6.03
	 	Trustee Not Responsible for Recitals, Disposition of Securities or Application of Proceeds Thereof	  	 	30	 
	 Section 6.04
	 	Trustee and Agents May Hold Securities; Collections, Etc	  	 	30	 
	 Section 6.05
	 	Moneys Held by Trustee	  	 	30	 
	 Section 6.06
	 	Compensation and Indemnification of Trustee and Its Prior Claim	  	 	30	 
	 Section 6.07
	 	Right of Trustee to Rely on Officer’s Certificate, Etc	  	 	31	 
	 Section 6.08
	 	Disqualification; Conflicting Interests	  	 	31	 
	 Section 6.09
	 	Persons Eligible for Appointment as Trustee	  	 	31	 
	 Section 6.10
	 	Resignation and Removal; Appointment of Successor Trustee	  	 	31	 
	 Section 6.11
	 	Acceptance of Appointment by Successor Trustee	  	 	33	 
	 Section 6.12
	 	Merger, Conversion, Consolidation or Succession to Business of Trustee	  	 	34	 
	 Section 6.13
	 	Preferential Collection of Claims Against the Issuer	  	 	34	 
		
	 ARTICLE 7     CONCERNING THE SECURITYHOLDERS
	  	 	34	 
	 Section 7.01
	 	Evidence of Action Taken by Securityholders	  	 	34	 
	 Section 7.02
	 	Proof of Execution of Instruments and of Holding of Securities	  	 	35	 
	 Section 7.03
	 	Holders to Be Treated as Owners	  	 	35	 
	 Section 7.04
	 	Securities Owned by Issuer Deemed Not Outstanding	  	 	35	 
	 Section 7.05
	 	Right of Revocation of Action Taken	  	 	35	 
		
	 ARTICLE 8     SUPPLEMENTAL INDENTURES
	  	 	36	 
	 Section 8.01
	 	Supplemental Indentures Without Consent of Securityholders	  	 	36	 
	 Section 8.02
	 	Supplemental Indentures With Consent of Securityholders	  	 	37	 
	 Section 8.03
	 	Effect of Supplemental Indenture	  	 	39	 
	 Section 8.04
	 	Documents to Be Given to Trustee	  	 	39	 
	 Section 8.05
	 	Notation on Securities in Respect of Supplemental Indentures	  	 	39	 
		
	 ARTICLE 9     CONSOLIDATION, MERGER, SALE OR CONVEYANCE
	  	 	39	 
	 Section 9.01
	 	Issuer May Consolidate, Etc., on Certain Terms	  	 	39	 
	 Section 9.02
	 	Successor Issuer Substituted	  	 	40	 
		
	 ARTICLE 10   SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE; UNCLAIMED
MONEYS
	  	 	40	 
	 Section 10.01
	 	Satisfaction and Discharge of Indenture; Defeasance	  	 	40	 

  
 ii 

							
	 	 	 	  	PAGE	 
	 Section 10.02
	 	Application by Trustee of Funds Deposited for Payment of Securities	  	 	45	 
	 Section 10.03
	 	Repayment of Moneys Held by Paying Agent	  	 	45	 
	 Section 10.04
	 	Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years	  	 	45	 
	 Section 10.05
	 	Indemnity for U.S. Government Obligations and Foreign Government Obligations	  	 	45	 
		
	 ARTICLE 11   MISCELLANEOUS PROVISIONS
	  	 	46	 
	 Section 11.01
	 	No Recourse	  	 	46	 
	 Section 11.02
	 	Provisions of Indenture for the Sole Benefit of Parties and Holders of Securities	  	 	46	 
	 Section 11.03
	 	Successors and Assigns of Issuer Bound by Indenture	  	 	46	 
	 Section 11.04
	 	Notices and Demands on Issuer, Trustee and Holders of Securities	  	 	46	 
	 Section 11.05
	 	Officer’s Certificates and Opinions of Counsel; Statements to Be Contained Therein	  	 	47	 
	 Section 11.06
	 	Payments Due on Saturdays, Sundays and Holidays	  	 	48	 
	 Section 11.07
	 	Conflict of Any Provision of Indenture With Trust Indenture Act of 1939	  	 	48	 
	 Section 11.08
	 	New York Law to Govern	  	 	48	 
	 Section 11.09
	 	Counterparts	  	 	48	 
	 Section 11.10
	 	Effect of Headings	  	 	49	 
	 Section 11.11
	 	Actions by Successor	  	 	49	 
	 Section 11.12
	 	Severability	  	 	49	 
		
	 ARTICLE 12   REDEMPTION OF SECURITIES AND SINKING FUNDS
	  	 	49	 
	 Section 12.01
	 	Applicability of Article	  	 	49	 
	 Section 12.02
	 	Notice of Redemption; Partial Redemptions	  	 	49	 
	 Section 12.03
	 	Payment of Securities Called for Redemption	  	 	50	 
	 Section 12.04
	 	Exclusion of Certain Securities from Eligibility for Selection for Redemption	  	 	51	 
	 Section 12.05
	 	Mandatory and Optional Sinking Funds	  	 	51	 

  
 iii 

 THIS INDENTURE, dated as of
                     between Generation Bio Co., a Delaware corporation (the “Issuer”) and
                    , a                     (the
“Trustee”), 
 W I T N E S S E T H : 

WHEREAS, the Issuer may from time to time duly authorize the issue of its unsecured debentures, notes or other evidences of indebtedness to be
issued in one or more series (the “Securities”) up to such principal amount or amounts as may from time to time be authorized in accordance with the terms of this Indenture; 

WHEREAS, the Issuer has duly authorized the execution and delivery of this Indenture to provide, among other things, for the authentication,
delivery and administration of the Securities; and 
 WHEREAS, all things necessary to make this Indenture a valid indenture and agreement
according to its terms have been done; 
 NOW, THEREFORE: 

In consideration of the premises and the purchases of the Securities by the holders thereof, the Issuer and the Trustee mutually covenant and
agree for the equal and proportionate benefit of the respective holders from time to time of the Securities as follows: 
 
ARTICLE 1 
 DEFINITIONS 
 
Section 1.01    Certain Terms Defined. The following terms (except as otherwise expressly provided or unless the context otherwise clearly requires) for all purposes of this Indenture and of any indenture
supplemental hereto shall have the respective meanings specified in this Section. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939 or the definitions of which in the Securities Act of 1933, as amended are
referred to in the Trust Indenture Act of 1939, including terms defined therein by reference to the Securities Act of 1933, as amended (except as herein otherwise expressly provided or unless the context otherwise clearly requires), shall have the
meanings assigned to such terms in said Trust Indenture Act and in said Securities Act of 1933 as in force at the date of this Indenture. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in
accordance with generally accepted accounting principles, and the term “generally accepted accounting principles” means such accounting principles as are generally accepted in the United States at the time of any computation. The
words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. The terms defined in this Article have the
meanings assigned to them in this Article and include the plural as well as the singular. 
 “Additional Amounts” means any
additional amounts that are required by this Indenture or by any Security, under circumstances specified herein or therein, to be paid by the Issuer in respect of certain taxes, assessments or other governmental charges imposed on Holders specified
therein and which are owing to such Holders. 

 “Applicable Procedures” means, with respect to a Depositary, as to any
matter at any time, the policies and procedures of such Depositary, if any, that are applicable to such matter at such time. 

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

“Business Day” means, with respect to any Security, a day that in the city (or in any of the cities, if more than one) in
which amounts are payable, as specified in the form of such Security, is not a day on which banking institutions are authorized or required by law or regulation to close. 

“Capital Stock” means (a) in the case of a corporation, corporate stock; (b) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (c) in the case of a partnership or limited liability company, partnership interests (whether general or
limited) or membership interests; and (d) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the
foregoing any Debt securities convertible into Capital Stock, whether or not such Debt securities include any right of participation with Capital Stock. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Securities
Exchange Act of 1934, or if at any time after the execution and delivery of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act of 1939, then the body performing such duties on
such date. 
 “Common Stock” means shares of common stock, par value $0.0001 per share, of the Issuer as the same exists at
the date of execution and delivery of this Indenture or as such stock may be reconstituted from time to time. 
 “Corporate Trust
Office” means the office of the Trustee at which the corporate trust business of the Trustee shall, at any particular time, be principally administered, which office is, at the date as of which this Indenture is dated, located at
                    . 

“Covenant Defeasance” shall have the meaning set forth in Section 10.01(c). 

“Debt” of any Person means any debt for money borrowed which is created, assumed, incurred or guaranteed in any manner by
such Person or for which such Person is otherwise responsible or liable, and shall expressly include any such guaranty thereof by such Person. For the purpose of computing the amount of the Debt of any Person there shall be excluded all Debt of such
Person for the payment or redemption or satisfaction of which money or securities (or evidences of such Debt, if permitted under the terms of the instrument creating such Debt) in the necessary amount shall have been deposited in trust with the
proper depositary, whether upon or 

  
 2 

 
prior to the maturity or the date fixed for redemption of such Debt; and, in any instance where Debt is so excluded, for the purpose of computing the assets of such Person there shall be excluded
the money, securities or evidences of Debt deposited by such Person in trust for the purpose of paying or satisfying such Debt. 

“defaults” shall have the meaning set forth in Section 5.11. 

“Depositary” means, with respect to the Securities of any series issuable or issued in the form of one or more Global
Securities, the Person designated as Depositary by the Issuer pursuant to Section 2.04 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary”
shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall mean the Depositary with
respect to the Global Securities of that series. 
 “Dollar” means the currency of the United States of America as at the
time of payment is legal tender for the payment of public and private debts. 
 “Event of Default” means any event or
condition specified as such in Section 5.01. 
 “Foreign Currency” means a currency issued by the government of a
country other than the United States of America. 
 “Foreign Government Obligation” means (a) a direct obligation of
the government of a country other than the United States of America, backed by the full faith and credit of such government, (b) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of such
government, the payment of which is unconditionally guaranteed as a full faith and credit obligation by such government or (c) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933) as
custodian with respect to any Foreign Government Obligation which is specified in clause (a) and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on
any such Foreign Government Obligation which is so specified and held, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount
received by the custodian in respect of the Foreign Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt. 

“Global Security” means a Security evidencing all or a part of a series of Securities, issued to the Depositary for such
series in accordance with Section 2.04, and bearing the legend prescribed in Section 2.04. 
 “Holder”,
“holder”, “holder of Securities”, “Securityholder” or other similar terms mean the Person in whose name such Security is registered in the Security register kept by the Issuer for that purpose in
accordance with the terms hereof. 
 “Indenture” means this instrument as originally executed and delivered or, if amended
or supplemented as herein provided, as so amended or supplemented or both, and shall include the forms and terms of particular series of Securities established as contemplated hereunder. 

  
 3 

 “interest”, unless the context otherwise requires, refers to interest, and
when used with respect to non-interest bearing Securities, refers to interest payable after maturity, if any. 

“Interest Payment Date”, with respect to any Security, means the Stated Maturity of an installment of interest on such
Security. 
 “Issuer” means Generation Bio Co., a Delaware corporation, and, subject to Article 9, its successors and
assigns. 
 “Issuer Order” means a written statement, request or order of the Issuer signed in its name by the chairman of
the Board of Directors, the president or any vice president of the Issuer. 
 “Legal Defeasance” shall have the meaning set
forth in Section 10.01(b). 
 “mandatory sinking fund payment” shall have the meaning set forth in Section 12.05.

 “Notice of Default” shall have the meaning set forth in Section 5.01(c). 

“Officer’s Certificate” means a certificate signed by the chairman of the Board of Directors, the
president, any vice president, the treasurer, the secretary or any assistant secretary of the Issuer and delivered to the Trustee. Each such certificate shall comply with Section 314 of the Trust Indenture Act of 1939 and, except to the extent
provided herein, shall include the statements provided for in Section 11.05. 
 “Opinion of Counsel” means an opinion
in writing signed by the general corporate counsel or such other legal counsel who may be an employee of or counsel to the Issuer and who shall be satisfactory to the Trustee. Each such opinion shall comply with Section 314 of the Trust
Indenture Act of 1939 and shall include the statements provided for in Section 11.05, if and to the extent required hereby. 

“optional sinking fund payment” shall have the meaning set forth in Section 12.05. 

“original issue date” of any Security (or portion thereof) means the earlier of (a) the date of such Security or
(b) the date of any Security (or portion thereof) for which such Security was issued (directly or indirectly) on registration of transfer, exchange or substitution. 

“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 5.01. 

“Outstanding”, when used with reference to Securities, shall, subject to the provisions of Section 7.04, mean, as of any
particular time, all Securities authenticated and delivered by the Trustee under this Indenture, except 
  

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

  
 4 

	 	(b)	 Securities, or portions thereof, for the payment or redemption of which cash, U.S. Government Obligations or
Foreign Government Obligations (as provided for in Section 10.01(a) and Section 10.01(b)) in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Issuer) or shall have been set
aside, segregated and held in trust by the Issuer for the Holders of such Securities (if the Issuer shall act as its own paying agent); provided, that if such Securities, or portions thereof, are to be redeemed prior to the maturity thereof,
notice of such redemption shall have been given as herein provided, or provision satisfactory to the Trustee shall have been made for giving such notice; 

  

	 	(c)	 Securities as to which Legal Defeasance shall have been effected pursuant to Section 10.01(b);

  

	 	(d)	 Securities in substitution for which other Securities shall have been authenticated and delivered, or which
shall have been paid, pursuant to the terms of Section 2.09 (except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a Person in whose hands such Security is a legal,
valid and binding obligation of the Issuer), Securities converted into Common Stock pursuant hereto and Securities not deemed outstanding pursuant to Section 12.02; and 

 

	 	(e)	 Securities as to which any property deliverable upon conversion thereof has been delivered (or such delivery
has been made available), or as to which any other particular conditions have been satisfied, in each case as may be provided for such Securities as contemplated in Section 2.03. 

In determining whether the Holders of the requisite principal amount of Outstanding Securities of any or all series have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, (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 a declaration of acceleration of the maturity thereof pursuant to Section 5.01, (B) if, as of such date, the principal amount payable at the Stated Maturity of a Security is not
determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 2.03, and (C) the principal amount of a Security denominated in one or
more foreign currencies, composite currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by Section 2.03, of the principal
amount of such Security (or, in the case of a Security described in clause (A) or (B) above, of the amount determined as provided in such clause). 

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

  
 5 

 “principal” whenever used with reference to the Securities or any Security
or any portion thereof, shall be deemed to include “and premium, if any”. 
 “record date” shall have the meaning
set forth in Section 2.07. 
 “Responsible Officer”, when used with respect to the Trustee, means the chairman of the
board of directors, any vice chairman of the board of directors, the chairman of the trust committee, the chairman of the executive committee, any vice chairman of the executive committee, the president, any vice president, the cashier, the
secretary, the treasurer, any trust officer, any assistant trust officer, any assistant vice president, any assistant cashier, any assistant secretary, any assistant treasurer, or any other officer or assistant officer of the Trustee customarily
performing functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular subject.

 “Securities Act of 1933” means the Securities Act of 1933 as in force at the date as of which this Indenture was
originally executed. 
 “Security” or “Securities” has the meaning stated in the first recital of this
Indenture, or, as the case may be, Securities that have been authenticated and delivered under this Indenture. 
 “Security
Registrar” shall have the meaning set forth in Section 4.01(b). 
 “sinking fund payment date” shall have the
meaning set forth in Section 12.05. 
 “Stated Maturity”, with respect to any Security or any installment of principal
thereof or interest thereon or any Additional Amounts with respect thereto, means the date established by or pursuant to this Indenture or such Security as the fixed date on which the principal of such Security or such installment of principal or
interest is, or such Additional Amounts are, due and payable. 
 “Subsidiary” means any corporation or other entity
(including, without limitation, partnerships, limited liability companies, joint ventures and associations) of which at least a majority of the outstanding Capital Stock having by the terms thereof (without regard to the occurrence or any
contingency) ordinary voting power for the election of directors (or persons performing similar functions) of such corporation or other entity (irrespective of whether or not at the time the Capital Stock of any other class or classes of such
corporation or other entity shall have or might have voting power by reason of the occurrence of any such contingency) is at the time directly or indirectly owned by the Issuer, or by one or more Subsidiaries of the Issuer, or by the Issuer and one
or more other Subsidiaries of the Issuer. 
 “Trust Indenture Act of 1939” (except as otherwise provided in Sections 8.01
and 8.02) means the Trust Indenture Act of 1939 as in force at the date as of which this Indenture was originally executed. 

“Trustee” means the Person identified as “Trustee” in the first paragraph hereof and, subject to the
provisions of Article 6, shall also include any successor trustee. “Trustee” shall also mean or include each Person who is then a trustee hereunder and if at any time there is more than one such Person, “Trustee” as
used with respect to the Securities of any series shall mean the trustee with respect to the Securities of such series. 

  
 6 

 “U.S. Government Obligation” means (a) a direct obligation of the
United States of America, backed by its full faith and credit, or (b) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the payment of which is unconditionally
guaranteed as a full faith and credit obligation by the United States of America. 
 “vice president”, when used with
respect to the Issuer or the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title of “vice president”. 

“Yield to Maturity” means the yield to maturity on a series of securities, calculated at the time of issuance of such series,
or, if applicable, at the most recent redetermination of interest on such series, and calculated in accordance with accepted financial practice. 

ARTICLE 2 

SECURITIES 
 
Section 2.01    Forms Generally. The Securities of each series shall be substantially in such form (not inconsistent with this Indenture) as shall be established by or pursuant to one or more Board Resolutions (as
set forth in a Board Resolution or, to the extent established pursuant to (rather than set forth in) a Board Resolution, an Officer’s Certificate detailing such establishment) or in one or more indentures supplemental hereto, in each case with
such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture and may have imprinted or otherwise reproduced thereon such legend or legends or endorsements, not inconsistent with the
provisions of this Indenture, as may be required to comply with any law or with any rules or regulations pursuant thereto, or with any rules of any securities exchange or to conform to general usage, all as may be determined by the officers
executing such Securities as evidenced by their execution of such Securities. 
 The definitive Securities shall be printed, lithographed or
engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers executing such Securities as 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 in substantially the following form: 
 This is one of the
Securities of the series designated herein and referred to in the within-mentioned Indenture. 
  

			
	  

	as Trustee
		
	  
	 	  

	By:	 	  

		 	 Authorized Officer

  
 7 

 Section 2.03    Amount
Unlimited; Issuable in Series. The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 

The Securities may be issued in one or more series. The terms of a series of Securities shall be established prior to the initial issuance
thereof in or pursuant to one or more Board Resolutions, or, to the extent established pursuant to (rather than set forth in) a Board Resolution, in an Officer’s Certificate detailing such establishment and/or established in one or more
indentures supplemental hereto. The terms of such series reflected in such Board Resolution, Officer’s Certificate, or supplemental indenture may include the following or any additional or different terms: 

 

	 	(a)	 the designation of the Securities of the series (which may be part of a series of Securities previously
issued); 

  

	 	(b)	 any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and
delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 2.08, 2.09, 2.11, 8.05 or 12.03);

  

	 	(c)	 the date or dates on which the principal of the Securities of the series is payable or the method used to
determine those dates and the right, if any, to extend such date or dates; 

  

	 	(d)	 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 record date or dates for the determination of holders to whom interest is payable; the date or dates from which such interest shall accrue and on which such interest shall be payable, or the method by which
such date or dates shall be determined; the right, if any, to extend the interest payment periods and the duration of that extension; and the basis upon which interest shall be calculated if other than that of a
360-day year of twelve 30-day months; 

  

	 	(e)	 the place or places where the principal of and any interest on Securities of the series shall be payable (if
other than as provided in Section 3.02); 

  

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

  
 8 

	 	(g)	 if other than denominations of $1,000 and any integral multiple of $1,000 in excess thereof, the denominations
in which Securities of the series shall be issuable; 

  

	 	(h)	 if other than the principal amount thereof, the portion of the principal amount of Securities of the series
which shall be payable upon declaration of acceleration of the maturity thereof; 

  

	 	(i)	 if other than Dollars, the currency, currencies or currency units in which the Securities of the series are
denominated; 

  

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

  

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

 

	 	(l)	 if the amount of payments of principal of and interest on the Securities of the series may be determined by
reference to an index based on a currency other than that in which the Securities of the series are denominated, or by reference to one or more currency exchange rates, securities or baskets of securities, commodity prices or indices, the manner in
which such amounts shall be determined; 

  

	 	(m)	 the terms and conditions, if applicable, upon which conversion or exchange of the Securities into Common Stock
will be effected, including the initial conversion or exchange price or rate and any adjustments thereto, the conversion or exchange period and other provisions in addition to or in lieu of those described herein; 

 

	 	(n)	 if the Securities of the series may be issued in exchange for surrendered Securities of another series, or for
other securities of the Issuer, pursuant to the terms of such Securities or securities or of any agreement entered into by the Issuer, the ratio of the principal amount of the Securities of the series to be issued to the principal amount of the
Securities or securities to be surrendered in exchange, and any other material terms of the exchange; 

  

	 	(o)	 if Sections 10.01(b) or 10.01(c) are inapplicable to Securities of such series; 

 

	 	(p)	 whether and under what circumstances the Issuer will pay Additional Amounts on the Securities and, if so,
whether the Issuer will have the option to redeem such Securities rather than pay such additional amounts; 

  
 9 

	 	(q)	 if the Securities of such series are to be issuable in definitive form (whether upon original issue or upon
exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and terms of such certificates, documents or conditions; 

 

	 	(r)	 any trustees, authenticating or paying agents, transfer agents or registrars or any other agents with respect
to the Securities of such series; 

  

	 	(s)	 any other events of default or covenants with respect to the Securities of such series in addition to or in
lieu of those contained in this Indenture; and 

  

	 	(t)	 any other terms of the series. 

The Issuer may from time to time, without notice to or the consent of the holders of any series of Securities, create and issue further
Securities of any such series ranking equally with the Securities of such series in all respects (or in all respects other than (1) the payment of interest accruing prior to the issue date of such further Securities or (2) the first
payment of interest following the issue date of such further Securities). Such further Securities may be consolidated and form a single series with the Securities of such series and have the same terms as to status, redemption or otherwise as the
Securities of such series. 
 Section 2.04    Authentication and Delivery of
Securities. The Issuer may deliver Securities of any series executed by the Issuer to the Trustee for authentication together with the applicable documents referred to below in this Section, and the Trustee shall thereupon authenticate and
deliver such Securities to or upon the order of the Issuer (contained in the Issuer Order referred to below in this Section) or pursuant to such procedures acceptable to the Trustee and to such recipients as may be specified from time to time by an
Issuer Order. The maturity date, original issue date, interest rate and any other terms of the Securities of such series shall be determined by or pursuant to such Issuer Order and procedures. If provided for in such procedures, such Issuer Order
may authorize authentication and delivery pursuant to oral instructions from the Issuer or its duly authorized agent, which instructions shall be promptly confirmed in writing. In authenticating such Securities and accepting the additional
responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying upon: 

 

	 	(a)	 an Issuer Order requesting such authentication and setting forth delivery instructions if the Securities are
not to be delivered to the Issuer; 

  

	 	(b)	 any Board Resolution, Officer’s Certificate and/or executed supplemental indenture referred to in Sections
2.01 and 2.03 by or pursuant to which the forms and terms of the Securities were established; 

  

	 	(c)	 an Officer’s Certificate setting forth the form or forms and terms of the Securities stating that the form
or forms and terms of the Securities have been established pursuant to Sections 2.01 and 2.03 and comply with this Indenture, and covering such other matters as the Trustee may reasonably request; and 

  
 10 

	 	(d)	 an Opinion of Counsel to the effect that: 

 

	 	(i)	 the form or forms and terms of such Securities have been established pursuant to Sections 2.01 and 2.03 and
comply with this Indenture, 

  

	 	(ii)	 the authentication and delivery of such Securities by the Trustee are authorized under the provisions of this
Indenture, and 

  

	 	(iii)	 such Securities when authenticated and delivered by the Trustee and issued by the Issuer in the manner and
subject to any conditions specified in such Opinion of Counsel, will constitute valid and binding obligations of the Issuer, 

 and
covering such other matters as the Trustee may reasonably request. 
 The Trustee shall have the right to decline to authenticate and
deliver any Securities under this Section if the Trustee, being advised by counsel, determines that such action may not lawfully be taken by the Issuer or if the Trustee in good faith by its board of directors or board of trustees, executive
committee, or a trust committee of directors or trustees or Responsible Officers shall determine that such action would expose the Trustee to personal liability to existing Holders or would affect the Trustee’s own rights, duties or immunities
under the Securities, this Indenture or otherwise. 
 The Issuer shall execute and the Trustee shall, in accordance with this Section with
respect to the Securities of a series, authenticate and deliver one or more Global Securities that (i) shall represent and shall be denominated in an amount equal to the aggregate principal amount of all of the Securities of such series issued
and not yet cancelled, (ii) shall be registered in the name of the Depositary for such Global Security or Securities or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or pursuant to such
Depositary’s instructions and (iv) shall bear a legend substantially to the following effect: 
 “UNLESS AND UNTIL IT IS
EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.” 

Each Depositary designated pursuant to this Section must, at the time of its designation and at all times while it serves as Depositary, be a
clearing agency registered under the Securities Exchange Act of 1934, as amended and any other applicable statute or regulation. 

  
 11 

 Section 2.05    Execution of
Securities. The Securities shall be signed on behalf of the Issuer by the chairman of its Board of Directors, any vice chairman of its Board of Directors, its chief executive officer, its principal financial officer, its president, any vice
president or its treasurer. Such signatures may be the manual or facsimile signatures of the present or any future such officers. Typographical and other minor errors or defects in any such reproduction of any such signature shall not affect the
validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee. 
 In case any officer of the
Issuer who shall have signed any of the Securities shall cease to be such officer before the Security so signed shall be authenticated and delivered by the Trustee or disposed of by the Issuer, such Security nevertheless may be authenticated and
delivered or disposed of as though the person who signed such Security had not ceased to be such officer of the Issuer; and any Security may be signed on behalf of the Issuer by such persons as, at the actual date of the execution of such Security,
shall be the proper officers of the Issuer, although at the date of the execution and delivery of this Indenture any such person was not such an officer. 

Section 2.06    Certificate of Authentication. Only such Securities as shall
bear thereon a certificate of authentication substantially in the form hereinbefore recited, executed by the Trustee by the manual signature of one of its authorized officers, shall be entitled to the benefits of this Indenture or be valid or
obligatory for any purpose. The execution of such certificate by the Trustee upon any Security executed by the Issuer shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the
Holder is entitled to the benefits of this Indenture. 

Section 2.07    Denomination and Date of Securities; Payments of Interest. The
Securities of each series shall be issuable in denominations established as contemplated by Section 2.03 or, if not so established, in denominations of $1,000 and any integral multiple of $1,000 thereof. The Securities of each series shall be
numbered, lettered or otherwise distinguished in such manner or in accordance with such plan as the officers of the Issuer executing the same may determine with the approval of the Trustee, as evidenced by the execution and authentication thereof.
Unless otherwise indicated in a Board Resolution, Officer’s Certificate or supplemental indenture for a particular series, interest will be calculated on the basis of a 360-day year of twelve 30-day months. 
 Each Security shall be dated the date of its authentication. The Securities of each
series shall bear interest, if any, from the date, and such interest shall be payable on the dates, established as contemplated by Section 2.03. 

The Person in whose name any Security of any series is registered at the close of business on any record date applicable to a particular
series with respect to any Interest Payment Date for such series shall be entitled to receive the interest, if any, payable on such Interest Payment Date notwithstanding any transfer, exchange or conversion of such Security subsequent to the record
date and prior to such Interest Payment Date, except if and to the extent the Issuer shall default in the payment of the interest due on such Interest Payment Date for such series, in which case such defaulted interest shall be paid to the Persons
in whose names Outstanding Securities for such series are registered at the close of business on a subsequent record date (which shall be not less 

  
 12 

 
than five Business Days prior to the date of payment of such defaulted interest) established by notice given by or on behalf of the Issuer to the Holders of Securities not less than 15 days
preceding such subsequent record date. The term “record date” as used with respect to any Interest Payment Date (except a date for payment of defaulted interest) for the Securities of any series shall mean the date specified as such
in the terms of the Securities of such series established as contemplated by Section 2.03, or, if no such date is so specified, if such Interest Payment Date is the first day of a calendar month, the 15th day of the immediately preceding
calendar month or, if such Interest Payment Date is the 15th day of a calendar month, the first day of such calendar month, whether or not such record date is a Business Day. 

Section 2.08    Registration, Transfer and Exchange. The Issuer will keep at
each office or agency to be maintained for the purpose as provided in Section 3.02 for each series of Securities a register or registers in which, subject to such reasonable regulations as it may prescribe, it will provide for the registration
of Securities of such series and the registration of transfer of Securities of such series. Such register shall be in written form in the English language or in any other form capable of being converted into such form within a reasonable time. At
all reasonable times such register or registers shall be open for inspection by the Trustee. 
 Upon due presentation for registration of
transfer of any Security of any series at any such office or agency to be maintained for the purpose as provided in Section 3.02, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the transferee or
transferees a new Security or Securities of the same series, maturity date, interest rate and original issue date in authorized denominations for a like aggregate principal amount. 

At the option of the Holder thereof, Securities of any series (except a Global Security) may be exchanged for a Security or Securities of such
series having authorized denominations and an equal aggregate principal amount, upon surrender of such Securities to be exchanged at the agency of the Issuer that shall be maintained for such purpose in accordance with Section 3.02 and upon
payment, if the Issuer shall so require, of the charges hereinafter provided. Whenever any Securities are so surrendered for exchange, the Issuer shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making
the exchange is entitled to receive. All Securities surrendered upon any exchange or transfer provided for in this Indenture shall be promptly cancelled and disposed of by the Trustee and the Trustee will deliver a certificate of disposition thereof
to the Issuer. 
 All Securities presented for registration of transfer, exchange, redemption or payment shall (if so required by the Issuer
or the Trustee) be duly endorsed by, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Issuer and the Trustee duly executed by, the Holder or his or her attorney duly authorized in writing. 

The Issuer may require payment of a sum sufficient to cover any stamp or other tax or other governmental charge that may be imposed in
connection with any exchange or registration of transfer of Securities. No service charge shall be made for any such transaction. 
 The
Issuer shall not be required to exchange or register a transfer of (a) any Securities of any series for a period of 15 days immediately preceding the first delivery of notice of 

  
 13 

 
redemption of Securities of such series to be redeemed or (b) any Securities selected, called or being called for redemption, in whole or in part, except, in the case of any Security to be
redeemed in part, the portion thereof not so to be redeemed. 
 Notwithstanding any other provision of this Section 2.08, unless and
until it is exchanged in whole or in part for Securities in definitive registered form, a Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a
nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary.

 If at any time the Depositary for the Securities of a series notifies the Issuer 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 a series shall no longer be eligible under Section 2.04, the Issuer shall appoint a successor Depositary with respect to the Securities of such series. If
a successor Depositary for the Securities of such series is not appointed by the Issuer within 90 days after the Issuer receives such notice or becomes aware of such ineligibility, the Issuer’s determination pursuant to Section 2.03 that
the Securities of such series be represented by a Global Security shall no longer be effective and the Issuer will execute, and the Trustee, upon receipt of an Officer’s Certificate for the authentication and delivery of definitive Securities
of such series, will authenticate and deliver, Securities of such series in definitive registered form, in any authorized denominations, in an aggregate principal amount equal to the principal amount of the Global Security or Securities representing
the Securities of such series, in exchange for such Global Security or Securities. 
 The Issuer 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 a Global Security or Securities. In such event the Issuer will execute, and the Trustee, upon receipt of an
Officer’s Certificate for the authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series in definitive registered form, in any authorized denominations, 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 Depositary for such Global Security may surrender such Global Security in exchange in whole or in part for Securities of the same series
in definitive registered form in accordance with the two preceding paragraphs or on such other terms as are acceptable to the Issuer and such Depositary. Thereupon, the Issuer shall execute, and the Trustee shall authenticate and deliver, without
service charge, 
  

	 	(i)	 to the Person specified by such Depositary a new Security or Securities of the same series, of any authorized
denominations as requested by such Person, in an aggregate principal amount equal to and in exchange for such Person’s beneficial interest in the Global Security; and 

  
 14 

	 	(ii)	 to such Depositary a new Global Security in a denomination equal to the difference, if any, between the
principal amount of the surrendered Global Security and the aggregate principal amount of Securities authenticated and delivered pursuant to clause (i) above. 

Upon the exchange of a Global Security for Securities in definitive registered form, in authorized denominations, such Global Security shall
be cancelled by the Trustee. Securities in definitive registered form issued in exchange for a Global Security pursuant to this Section 2.08 shall be registered in such names and in such authorized denominations as the Depositary for such
Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to or as directed by the Persons in whose names such Securities are so registered.

 All Securities issued upon any transfer or exchange of Securities shall be valid obligations of the Issuer, evidencing the same debt, and
entitled to the same benefits under this Indenture, as the Securities surrendered upon such transfer or exchange. 
 
Section 2.09    Mutilated, Defaced, Destroyed, Lost and Stolen Securities. In case any temporary or definitive Security shall become mutilated or defaced or be destroyed, lost or stolen, the Issuer in its
discretion may execute, and upon the written request of any officer of the Issuer, the Trustee shall authenticate and deliver a new Security of the same series, maturity date, interest rate and original issue date, bearing a number or other
distinguishing symbol not contemporaneously outstanding, in exchange and substitution for the mutilated or defaced Security, or in lieu of and substitution for the Security so destroyed, lost or stolen. In every case the applicant for a substitute
Security shall furnish to the Issuer and to the Trustee and any agent of the Issuer or the Trustee such security or indemnity as may be required by them to indemnify and defend and to save each of them harmless and, in every case of destruction,
loss or theft, evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof and in the case of mutilation or defacement shall surrender the Security to the Trustee. 

Upon the issuance of any substitute Security, the Issuer may require the payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. In case any Security which has matured or is about to mature or has been called for redemption in full, or is
being surrendered for conversion in full, shall become mutilated or defaced or be destroyed, lost or stolen, the Issuer may, instead of issuing a substitute Security (with the Holder’s consent, in the case of convertible Securities), pay or
authorize the payment of the same or convert, or authorize conversion of the same (without surrender thereof except in the case of a mutilated or defaced Security), if the applicant for such payment shall furnish to the Issuer and to the Trustee and
any agent of the Issuer or the Trustee such security or indemnity as any of them may require to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Issuer and the Trustee and any
agent of the Issuer or the Trustee evidence to their satisfaction of the destruction, loss or theft of such Security and of the ownership thereof. 

  
 15 

 Every substitute Security of any series issued pursuant to the provisions of this Section by
virtue of the fact that any such Security is destroyed, lost or stolen shall constitute an additional contractual obligation of the Issuer, 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 (but shall be subject to all the limitations of rights set forth in) this Indenture equally and proportionately with any and all other Securities of such series duly authenticated and delivered hereunder. All
Securities shall be held and owned upon the express condition that, to the extent permitted by law, the foregoing provisions are exclusive with respect to the replacement or payment or conversion of mutilated, defaced or destroyed, lost or stolen
Securities and shall preclude any and all other rights or remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without
their surrender. 
 Section 2.10    Cancellation of Securities; Destruction
Thereof. All Securities surrendered for exchange for Securities of the same series or for payment, redemption, registration of transfer or conversion or for credit against any payment in respect of a sinking or analogous fund, if surrendered to
the Issuer or any agent of the Issuer or the Trustee, shall be delivered to the Trustee for cancellation or, if surrendered to the Trustee, shall be cancelled by it; and no Securities shall be issued in lieu thereof except as expressly permitted by
any of the provisions of this Indenture. The Trustee shall dispose of cancelled Securities held by it and deliver a certificate of disposition to the Issuer. If the Issuer shall acquire any of the Securities, such acquisition shall not operate as a
redemption or satisfaction of the Debt represented by such Securities unless and until the same are delivered to the Trustee for cancellation. 

Section 2.11    Temporary Securities. Pending the preparation of definitive
Securities for any series, the Issuer may execute and the Trustee shall authenticate and deliver temporary Securities for such series (printed, lithographed, typewritten or otherwise reproduced, in each case in form satisfactory to the Trustee).
Temporary Securities of any series shall be issuable in any authorized denomination, and substantially in the form of the definitive Securities of such series but with such omissions, insertions and variations as may be appropriate for temporary
Securities, all as may be determined by the Issuer with the concurrence of the Trustee as evidenced by the execution and authentication thereof. Temporary Securities may contain such reference to any provisions of this Indenture as may be
appropriate. Every temporary Security shall be executed by the Issuer and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities. Without unreasonable delay
the Issuer shall execute and shall furnish definitive Securities of such series and thereupon temporary Securities of such series may be surrendered in exchange therefor without charge at each office or agency to be maintained by the Issuer for that
purpose pursuant to Section 3.02 and the Trustee shall authenticate and deliver in exchange for such temporary Securities of such series an equal aggregate principal amount of definitive Securities of the same series having authorized
denominations. Until so exchanged, the temporary Securities of any series shall be entitled to the same benefits under this Indenture as definitive Securities of such series, unless the benefits of the temporary Securities are limited pursuant to
Section 2.03. 
 Section 2.12    CUSIP Numbers. The Issuer in issuing
the Securities may use “CUSIP” numbers if then generally in use and, if so, the Trustee may use “CUSIP” numbers in notices of redemption as a convenience to Holders. Any such notice may state that no representation is

  
 16 

 
made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification
numbers printed on the Securities. No such redemption shall be affected by any defect in or omission of such numbers. 
 
ARTICLE 3 
 COVENANTS OF THE ISSUER 

Section 3.01    Payment of Principal and Interest. The Issuer covenants and
agrees for the benefit of each series of Securities that it will duly and punctually pay or cause to be paid the principal of, and interest on, each of the Securities of such series (together with any additional amounts payable pursuant to the terms
of such Securities) at the place or places, at the respective times and in the manner provided in such Securities and in this Indenture. The interest on Securities (together with any additional amounts payable pursuant to the terms of such
Securities) shall be payable only to or upon the written order of the Holders thereof and at the option of the Issuer may be paid by mailing checks for such interest payable to or upon the written order of such Holders at their last addresses as
they appear on the Security register of the Issuer. 
 Section 3.02    Offices
for Payments, Etc. The Issuer will maintain (i) in                 , an agency where the Securities of each series may be presented for payment, an agency where
the Securities of each series may be presented for exchange and conversion, if applicable, as provided in this Indenture and an agency where the Securities of each series may be presented for registration of transfer as in this Indenture provided
and (ii) such further agencies in such places as may be determined for the Securities of such series pursuant to Section 2.03. 

The Issuer will maintain in                 , an agency where
notices and demands to or upon the Issuer in respect of the Securities of any series or this Indenture may be served. 
 The Issuer will
give to the Trustee written notice of the location of each such agency and of any change of location thereof. In case the Issuer shall fail to maintain any agency required by this Section to be located in
                , or shall fail to give such notice of the location or of any change in the location of any of the above agencies, presentations and demands may be made
and notices may be served at the Corporate Trust Office of the Trustee. 
 The Issuer may from time to time designate one or more additional
agencies where the Securities of a series may be presented for payment, where the Securities of that series may be presented for exchange or conversion, if applicable, as provided in this Indenture and pursuant to Section 2.03 and where the
Securities of that series may be presented for registration of transfer as in this Indenture provided, and the Issuer may from time to time rescind any such designation, as the Issuer may deem desirable or expedient; provided, however,
that no such designation or rescission shall in any manner relieve the Issuer of its obligation to maintain the agencies provided for in this Section. The Issuer will give to the Trustee prompt written notice of any such designation or rescission
thereof. 

  
 17 

 Section 3.03    Appointment to
Fill a Vacancy in Office of Trustee. The Issuer, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 6.10, a Trustee, so that there shall at all times be a Trustee with
respect to each series of Securities hereunder. 
 Section 3.04    Paying
Agents. Whenever the Issuer shall appoint a paying agent other than the Trustee with respect to the Securities of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree
with the Trustee, subject to the provisions of this Section, 
  

	 	(a)	 that it will hold all sums received by it as such agent for the payment of the principal of or interest on the
Securities of such series (whether such sums have been paid to it by the Issuer or by any other obligor on the Securities of such series) in trust for the benefit of the Holders of the Securities of such series or of the Trustee,

  

	 	(b)	 that it will give the Trustee notice of any failure by the Issuer (or by any other obligor on the Securities of
such series) to make any payment of the principal of or interest on the Securities of such series when the same shall be due and payable, and 

  

	 	(c)	 that at any time during the continuance of any such failure, upon the written request of the Trustee, it will
forthwith pay to the Trustee all sums so held in trust by such paying agent. 

 The Issuer will, on or prior to each due
date of the principal of or interest on the Securities of such series, deposit with the paying agent a sum sufficient to pay such principal or interest so becoming due, and (unless such paying agent is the Trustee) the Issuer will promptly notify
the Trustee of any failure to take such action. 
 If the Issuer shall act as its own paying agent with respect to the Securities of any
series, it will, on or before each due date of the principal of or interest on the Securities of such series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such series a sum sufficient to pay such
principal or interest so becoming due. The Issuer will promptly notify the Trustee of any failure to take such action. 
 Anything in this
Section to the contrary notwithstanding, but subject to Section 10.01, the Issuer may at any time, for the purpose of obtaining a satisfaction and discharge with respect to one or more or all series of Securities hereunder, or for any other
reason, pay or cause to be paid to the Trustee all sums held in trust for any such series by the Issuer or any paying agent hereunder, as required by this Section, such sums to be held by the Trustee upon the trusts herein contained. 

Anything in this Section to the contrary notwithstanding, the agreement to hold sums in trust as provided in this Section is subject to the
provisions of Sections 10.03 and 10.04. 
 Section 3.05    Written Statement to
Trustee. So long as any Securities are Outstanding hereunder, the Issuer will deliver to the Trustee, within 120 days after the end of each fiscal year 

  
 18 

 
of the Issuer ending after the date hereof, a written certificate covering the previous fiscal year, (which need not comply with Section 11.05), signed by its principal executive officer,
principal financial officer or principal accounting officer, stating whether or not, to the best knowledge of such officer, the Issuer is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture
(without regard to any period of grace or requirement of notice provided hereunder) and, if the Issuer shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge. 

ARTICLE 4 

SECURITYHOLDERS LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE 

Section 4.01    Issuer to Furnish Trustee Information as to Names and
Addresses of Securityholders. The Issuer covenants and agrees that it will furnish or cause to be furnished to the Trustee a list in such form as the Trustee may reasonably require of the names and addresses of the Holders of the Securities
of each series pursuant to Section 312 of the Trust Indenture Act of 1939: 
  

	 	(a)	 semiannually and not more than 15 days after each record date for the payment of interest on such Securities,
as hereinabove specified, as of such record date and on dates to be determined pursuant to Section 2.03 for non-interest bearing Securities in each year, and 

 

	 	(b)	 at such other times as the Trustee may request in writing, within 30 days after receipt by the Issuer of any
such request as of a date not more than 15 days prior to the time such information is furnished, provided, that, if and so long as the Trustee shall be the Security registrar (the “Security Registrar”) for such series, such
list shall not be required to be furnished. 

Section 4.02    Reports by the Issuer. The Issuer covenants to comply with
Section 314(a) of the Trust Indenture Act of 1939 insofar as it relates to information, documentation and other reports which the Issuer may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934, as amended. 
 Section 4.03    Reports by the
Trustee. Any Trustee’s report required under Section 313(a) of the Trust Indenture Act of 1939 shall be transmitted on or before              in each year following the date
hereof, so long as any Securities are Outstanding hereunder, and shall be dated as of a date convenient to the Trustee but no more than 60 nor less than 45 days prior thereto. The Trustee shall comply with Sections 313(b), 313(c) and 313(d) of the
Trust Indenture Act of 1939. 
 Section 4.04    Preservation of Information;
Communication with Securityholders. (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the Holders of Securities contained in the most recent list furnished to
it as provided in Section 4.01 and as to the names and addresses of holders of Securities received by the Trustee in its capacity as Security Registrar (if acting in such capacity). 

 

	 	(b)	 The Trustee may destroy any list furnished to it as provided in Section 4.01 upon receipt of a new list so
furnished. 

  
 19 

	 	(c)	 Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act of 1939 with
other Securityholders with respect to their rights under this Indenture or under the Securities. The Issuer, the Trustee, the Security Registrar and any other Person shall have the protection of Section 312(c) of the Trust Indenture Act of
1939. 

 ARTICLE 5 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT 

Section 5.01    Event of Default Defined; Acceleration of Maturity; Waiver
of Default. “Event of Default”, with respect to Securities of any series wherever used herein, means any one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default
and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

 

	 	(a)	 default in the payment of any installment of interest upon any of the Securities of such series as and when the
same shall become due and payable, and continuance of such default for a period of 30 days (or such other period as may be established for the Securities of such series as contemplated by Section 2.03); or 

 

	 	(b)	 default in the payment of all or any part of the principal on any of the Securities of such series as and when
the same shall become due and payable either at maturity, upon redemption, by declaration or otherwise (and, if established for the Securities of such series as contemplated by Section 2.03, the continuance of such default for a specified
period); or 

  

	 	(c)	 default in the performance, or breach, of any covenant or agreement of the Issuer in respect of the Securities
of such series (other than a covenant or agreement in respect of the Securities of such series a default in the performance or breach of which is elsewhere in this Section specifically dealt with), and continuance of such default or breach for a
period of 90 days after there has been given, by registered or certified mail, to the Issuer by the Trustee or to the Issuer and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series, a written
notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

  

	 	(d)	 a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Issuer
in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Issuer or for all or
substantially all of its property and assets or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 90 consecutive days; or 

  
 20 

	 	(e)	 the Issuer shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now
or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator (or
similar official) of the Issuer or for any substantial part of its property and assets, or make any general assignment for the benefit of creditors; or 

  

	 	(f)	 any other Event of Default provided for in such series of Securities. 

If an Event of Default described in clauses (a), (b), (c) or (f) occurs and is continuing, then, and in each and every such case, unless
the principal of all of the Securities of such series shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding hereunder (each
such series voting as a separate class) by notice in writing to the Issuer (and also to the Trustee if given by Securityholders), may declare the entire principal (or, if the Securities of such series are Original Issue Discount Securities, such
portion of the principal amount as may be specified in the terms of such series) of all Securities of such series and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration the same shall become
immediately due and payable. If an Event of Default described in clauses (d) or (e) occurs and is continuing, then and in each and every such case, the entire principal (or, if any Securities are Original Issue Discount Securities, such portion
of the principal as may be specified in the terms thereof) of all the Securities then Outstanding and interest accrued thereon, if any, shall automatically become immediately due and payable. 

The foregoing provisions, however, are subject to the condition that if, at any time after the principal of the Securities of any series shall
have been so declared due and payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Issuer shall pay or shall deposit with the Trustee a sum sufficient to pay
all matured installments of interest upon all the Securities of such series and the principal of any and all Securities of such series which shall have become due otherwise than by acceleration (with interest upon such principal and, to the extent
that payment of such interest is enforceable under applicable law, on overdue installments of interest, at the same rate as the rate of interest specified in the Securities of such series to the date of such payment or deposit) and such amount as
shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee except as a result of negligence or bad faith, and if any
and all Events of Default under the Indenture with respect to such series, other than the non-payment of the principal of Securities of such series which shall have become due solely by such acceleration,
shall have been cured, waived or otherwise remedied as provided herein, then and in every such case the Holders of a majority in aggregate principal amount of all the Securities of such series then Outstanding, by written notice to the Issuer and to
the Trustee, may waive all defaults with respect to such series and rescind and annul such declaration and its consequences, but no such waiver or rescission and annulment shall extend to or shall affect any subsequent default or shall impair any
right consequent thereon. 

  
 21 

 Unless otherwise indicated in the Board Resolution, Officer’s Certificate or
supplemental indenture for a series of Original Issue Discount Securities, for all purposes under this Indenture, if a portion of the principal of any Original Issue Discount Securities shall have been accelerated and declared due and payable
pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and annulled, the principal amount of such Original Issue Discount Securities shall be deemed, for all purposes hereunder, to be
such portion of the principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion of the principal thereof as shall be due and payable as a result of such acceleration, together with interest, if any,
thereon and all other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities. 
 
Section 5.02    Collection of Debt by Trustee; Trustee May Prove Debt. The Issuer covenants that (a) in case default shall be made in the payment of any installment of interest on any of the Securities of any
series when such interest shall have become due and payable, and such default shall have continued for a period of 30 days or (b) in case default shall be made in the payment of all or any part of the principal of any of the Securities of any
series when the same shall have become due and payable, whether upon maturity of the Securities of such series or upon any redemption or by declaration or otherwise, then, upon demand of the Trustee, the Issuer will pay to the Trustee for the
benefit of the Holders of the Securities of such series the whole amount that then shall have become due and payable on all Securities of such series for principal or interest, as the case may be (with interest to the date of such payment upon the
overdue principal and, to the extent that payment of such interest is enforceable under applicable law, on overdue installments of interest at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue Discount
Securities) specified in the Securities of such series); and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including reasonable compensation to the Trustee and each predecessor
trustee, their respective agents, attorneys and counsel, and any expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor trustee except as a result of its negligence or bad faith. 

In case the Issuer shall fail forthwith to pay such amounts upon such demand, the Trustee, in its own name and as trustee of an express trust,
shall be entitled and empowered to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute any such action or proceedings to judgment or final decree, and may enforce any such
judgment or final decree against the Issuer or other obligor upon such Securities and collect in the manner provided by law out of the property of the Issuer or other obligor upon such Securities, wherever situated, the moneys adjudged or decreed to
be payable. 
 In case there shall be pending proceedings relative to the Issuer or any other obligor upon the Securities under Title 11 of
the United States Code or any other applicable Federal or state bankruptcy, insolvency or other similar law, or in case a receiver, assignee or trustee in bankruptcy or reorganization, liquidator, sequestrator or similar official shall have been
appointed for or taken possession of the Issuer or its property or such other obligor or its property, or in case of any other comparable judicial proceedings relative to the Issuer or other 

  
 22 

 
obligor upon the Securities of any series, or to the creditors or property of the Issuer or such other obligor, the Trustee, irrespective of whether the principal of any Securities shall then be
due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand pursuant to the provisions of this Section, shall be entitled and empowered, by intervention in such proceedings
or otherwise: 
  

	 	(i)	 to file and prove a claim or claims for the whole amount of principal and interest (or, if the Securities of
any series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of such series) owing and unpaid in respect of the Securities of any series, and to file such other papers or documents as may
be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation to the Trustee and each predecessor trustee, and their respective agents, attorneys and counsel, and for reimbursement of all
expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor trustee, except as a result of negligence or bad faith) and of the Securityholders allowed in any judicial proceedings relative to the Issuer or other
obligor upon the Securities of any series, or to the creditors or property of the Issuer or such other obligor, 

  

	 	(ii)	 unless prohibited by applicable law and regulations, to vote on behalf of the Holders of the Securities of any
series in any election of a trustee or a standby trustee in arrangement, reorganization, liquidation or other bankruptcy or insolvency proceedings or person performing similar functions in comparable proceedings, and 

 

	 	(iii)	 to collect and receive any moneys or other property payable or deliverable on any such claims, and to
distribute all amounts received with respect to the claims of the Securityholders and of the Trustee on their behalf; and any trustee, receiver or liquidator, custodian or other similar official is hereby authorized by each of the Securityholders to
make payments to the Trustee, and, in the event that the Trustee shall consent to the making of payments directly to the Securityholders, to pay to the Trustee such amounts as shall be sufficient to cover reasonable compensation to the Trustee, each
predecessor trustee and their respective agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee and each predecessor trustee except as a result of negligence or bad faith and all other
amounts due to the Trustee or any predecessor trustee pursuant to Section 6.06. 

 Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Securityholder any plan of reorganization, 

  
 23 

 
arrangement, adjustment or composition affecting the Securities of any series or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any
Securityholder in any such proceeding except, as aforesaid, to vote for the election of a trustee in bankruptcy or similar person. 
 All
rights of action and of asserting claims under this Indenture, or under any of the Securities of any series, may be enforced by the Trustee without the possession of any of the Securities of such series or the production thereof on any trial or
other proceedings relative thereto, and any such action or proceedings instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and
compensation of the Trustee, each predecessor trustee and their respective agents and attorneys, shall be for the ratable benefit of the Holders of the Securities in respect of which such action was taken. 

In any proceedings brought by the Trustee (and also any proceedings involving the interpretation of any provision of this Indenture to which
the Trustee shall be a party), the Trustee shall be held to represent all the Holders of the Securities in respect to which such action was taken, and it shall not be necessary to make any Holders of such Securities parties to any such proceedings.

 Section 5.03    Application of Proceeds. Any moneys collected by the
Trustee pursuant to this Article in respect of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal or interest, upon presentation of the
several Securities in respect of which monies have been collected and stamping (or otherwise noting) thereon the payment, or issuing Securities of such series in reduced principal amounts in exchange for the presented Securities of like series if
only partially paid, or upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due to the Trustee or
any predecessor trustee pursuant to Section 6.06; 
 SECOND: In case the principal of the Securities of such series in
respect of which moneys have been collected shall not have become and be then due and payable, to the payment of interest on the Securities of such series in default in the order of the maturity of the installments of such interest, with interest
(to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest, to the extent permitted by applicable law, at the same rate as the rate of interest or Yield to Maturity (in the case of Original Issue
Discount Securities) specified in such Securities, such payments to be made ratably to the Persons entitled thereto, without discrimination or preference; 

THIRD: In case the principal of the Securities of such series in respect of which moneys have been collected shall have become
and shall be then due and payable, to the payment of the whole amount then owing and unpaid upon all the Securities of such series for principal and interest, with interest upon the overdue principal, and (to the extent that such interest has been
collected by the Trustee) upon overdue installments of interest, to the extent permitted by applicable law, at the same rate as the rate of interest 

  
 24 

 
or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series; and in case such moneys shall be insufficient to pay in full the whole amount
so due and unpaid upon the Securities of such series, then to the payment of such principal and interest, without preference or priority of principal over interest, or of interest over principal, or of any installment of interest over any other
installment of interest, or of any Security of such series over any other Security of such series, ratably to the aggregate of such principal and accrued and unpaid interest; and 

FOURTH: To the payment of the remainder, if any, to the Issuer or any other Person lawfully entitled thereto. 

Section 5.04    Suits for Enforcement. In case an Event of Default has
occurred, has not been waived and is continuing, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect
and enforce any such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture or
to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 

Section 5.05    Restoration of Rights on Abandonment of Proceedings. In case
the Trustee shall have proceeded to enforce any right under this Indenture and such proceedings shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee, then and in every such case (subject to
any determination in such proceeding) the Issuer and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Issuer, the Trustee and the Securityholders shall continue as
though no such proceedings had been taken. 
 Section 5.06    Limitations on
Suits by Securityholders. No Holder of any Security of any series shall have any right by virtue, or by availing itself, of any provision of this Indenture to institute any action or proceeding at law or in equity or in bankruptcy or otherwise
upon or under or with respect to this Indenture, or for the appointment of a trustee, receiver, liquidator, custodian or other similar official or for any other remedy hereunder, unless such Holder previously shall have given to the Trustee written
notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding shall have made written request upon the
Trustee to institute such action or proceedings in its own name as trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby and
the Trustee for 60 days after its receipt of such notice, request and offer of indemnity shall have failed to institute any such action or proceeding and no direction inconsistent with such written request shall have been given to the Trustee
pursuant to Section 5.09; it being understood and intended, and being expressly covenanted by the Holder of every Security of a particular series with every other Holder of Securities of such series and the Trustee, that no one or more Holders
of Securities of any series shall have any right in any manner whatever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other such Holder of Securities of such series, or to obtain or
seek to obtain priority over or preference to any other such Holder of such series or to enforce any right under this Indenture, except in the manner herein provided 

  
 25 

 
and for the equal, ratable and common benefit of all Holders of Securities of the applicable series. For the protection and enforcement of the provisions of this Section, each and every
Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

Section 5.07    Unconditional Right of Securityholders to Institute Certain
Suits. Notwithstanding any other provision in this Indenture and any provision of any Security, the right of any Holder of any Security to receive payment of the principal of and interest on such Security on or after the respective due dates
expressed in such Security in accordance with the terms hereof and thereof, or to institute suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder; it
being understood and intended, and being expressly covenanted by the Holder of every Security of a particular series with every other Holder of Securities of such Series and the Trustee, that no one or more Holders of Securities of any series shall
have any right in any manner whatever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of any other such Holder of Securities of such series, or to obtain or seek to obtain priority over or
preference to any other such Holder of Securities of such series or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all Holders of Securities of the applicable series.
For the protection and enforcement of the provisions of this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 

Section 5.08    Powers and Remedies Cumulative; Delay or Omission Not
Waiver of Default. Except as provided in Section 5.06, 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. 
 No delay or omission of
the Trustee or of any Holder of Securities to exercise any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall impair any such right or power or shall be construed to be a waiver of any such Event of Default
or an acquiescence therein; and, subject to Section 5.06, every power and remedy given by this Indenture or by law to the Trustee or to the Holders of Securities may be exercised from time to time, and as often as shall be deemed expedient, by
the Trustee or by the Holders of Securities. 
 Section 5.09    Control by
Holders of Securities. The Holders of a majority in aggregate principal amount of the Securities of each series affected (with each series voting as a separate class) at the time Outstanding shall have the right to direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee with respect to the Securities of such series by this Indenture; provided, that such direction shall not be
otherwise than in accordance with law and the provisions of this Indenture and provided, further, that (subject to the provisions of Section 6.01) the Trustee shall have the right to decline to follow any such direction if the Trustee, being
advised by counsel, shall determine that the action or proceeding so directed may not lawfully be 

  
 26 

 
taken or if the Trustee in good faith by its board of directors, the executive committee, or a trust committee of directors or Responsible Officers of the Trustee shall determine that the action
or proceedings so directed would involve the Trustee in personal liability or if the Trustee in good faith shall so determine that the actions or forbearances specified in or pursuant to such direction would be unduly prejudicial to the interests of
Holders of the Securities of all series so affected not joining in the giving of said direction, it being understood that (subject to Section 6.01) the Trustee shall have no duty to ascertain whether or not such actions or forbearances are
unduly prejudicial to such Holders. 
 Nothing in this Indenture shall impair the right of the Trustee in its discretion to take any action
deemed proper by the Trustee and which is not inconsistent with such direction or directions by Securityholders. 
 
Section 5.10    Waiver of Past Defaults. The Holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding, by notice to the Trustee, may on behalf of the Holders of
all the Securities of such series waive any existing default in the performance of any of the covenants contained herein or established pursuant to Section 2.03 with respect to such series and its consequences, except an uncured default in the
payment of the principal of, or interest on, any of the Securities of that series as and when the same shall become due by the terms of such Securities; and may rescind an acceleration and its consequences, including any related payment default that
resulted from such acceleration. In the case of any such waiver, the Issuer, the Trustee and the Holders of the Securities of such series shall be restored to their former positions and rights hereunder, respectively, such default shall cease to
exist and be deemed to have been cured and not to have occurred, and any Event of Default arising therefrom shall be deemed to have been cured, and not to have occurred for every purpose of this Indenture; but no such waiver shall extend to any
subsequent or other default or Event of Default or impair any right consequent thereon. 

Section 5.11    Trustee to Give Notice of Default. The Trustee shall, within
90 days after the occurrence of a default with respect to the Securities of any series, give notice of all defaults with respect to that series known to the Trustee to all Holders of Securities of such series in the manner and to the extent provided
in Sections 4.03 and 11.04, unless in each case such defaults shall have been cured before the giving of such notice (the term “defaults” for the purpose of this Section being hereby defined to mean any event or condition which is,
or with notice or lapse of time or both would become, an Event of Default); provided, that, except in the case of default in the payment of the principal of or interest on any of the Securities of such series, or in the payment of any sinking
fund installment on such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in
good faith determines that the withholding of such notice is in the interests of the Securityholders of such series. 
 
Section 5.12    Right of Court to Require Filing of Undertaking to Pay Costs. All parties to this Indenture agree, and each Holder of any Security by his or her acceptance thereof shall be deemed to have
agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an 

  
 27 

 
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 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder or group of
Securityholders of any series holding in the aggregate more than 10% in aggregate principal amount of the Securities of such series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of or interest
on any Security of such series, on or after the respective due dates expressed in such Security or established pursuant to this Indenture. 

ARTICLE 6 

CONCERNING THE TRUSTEE 
 
Section 6.01    Duties and Responsibilities of the Trustee; During Default; Prior to Default. With respect to the Holders of any series of Securities issued hereunder, the Trustee, prior to the occurrence
of an Event of Default with respect to the Securities of a particular series and after the curing or waiving of all Events of Default which may have occurred with respect to such series, undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (and has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

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. 
 Section 6.02    Certain Rights
of the Trustee. In furtherance of and subject to the Trust Indenture Act of 1939 and subject to Section 6.01: 
  

	 	(a)	 in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed therein, upon any statements, certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but, in the case of any such statements, certificates
or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture;

  

	 	(b)	 the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or
Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

  

	 	(c)	 the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in
accordance with the direction of the 

  
 28 

	 	
Holders pursuant to Section 5.09 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; 

  

	 	(d)	 none of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers if there shall be reasonable ground for believing that the repayment of such funds or adequate indemnity against
such liability is not reasonably assured to it; 

  

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

  

	 	(f)	 any request, direction, order or demand of the Issuer mentioned herein shall be sufficiently evidenced by an
Officer’s Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any resolution of the Board of Directors may be evidenced to the Trustee by a copy thereof certified by the secretary or an assistant
secretary of the Issuer; 

  

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

 

	 	(h)	 the Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Indenture
at the request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities
that might be incurred therein or thereby; 

  

	 	(i)	 the Trustee shall not be liable for any action taken or omitted by it in good faith and believed by it to be
authorized or within the discretion, rights or powers conferred upon it by this Indenture; 

  

	 	(j)	 prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all Events of
Default, the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal, bond, debenture, note,
security, or other paper 

  
 29 

	 	
or document unless requested in writing so to do by the Holders of not less than a majority in aggregate principal amount of the Securities of all series affected then Outstanding;
provided, that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity against such expenses or liabilities as a condition to proceeding; the reasonable expenses of every such investigation shall be paid
by the Issuer or, if paid by the Trustee or any predecessor trustee, shall be repaid by the Issuer upon demand; and 

  

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

Section 6.03    Trustee Not Responsible for Recitals, Disposition of
Securities or Application of Proceeds Thereof. The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Issuer, and the Trustee assumes no
responsibility for the correctness of the same. The Trustee makes no representation as to the validity or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the Issuer of any of the
Securities or of the proceeds thereof. 
 Section 6.04    Trustee and Agents May
Hold Securities; Collections, Etc. The Trustee or any agent of the Issuer or the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not the Trustee or
such agent and may otherwise deal with the Issuer and receive, collect, hold and retain collections from the Issuer with the same rights it would have if it were not the Trustee or such agent. 

Section 6.05    Moneys Held by Trustee. Subject to the provisions of
Section 10.04 hereof, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required
by mandatory provisions of law. Neither the Trustee nor any agent of the Issuer or the Trustee shall be under any liability for interest on any moneys received by it hereunder. 

Section 6.06    Compensation and Indemnification of Trustee and Its Prior
Claim. The Issuer covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to, such reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee
of an express trust) as the Issuer and the Trustee may from time to time agree in writing and, except as otherwise expressly provided herein, the Issuer covenants and agrees to pay or reimburse the Trustee and each predecessor trustee upon its
request for all reasonable expenses, disbursements and advances incurred or made by or on 

  
 30 

 
behalf of it in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all agents and other
persons not regularly in its employ) except any such expense, disbursement or advance as may arise from its negligence or bad faith. The Issuer also covenants to indemnify the Trustee and each predecessor trustee for, and to hold it harmless
against, any loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this Indenture or the trusts hereunder and its duties hereunder, including the
costs and expenses of defending itself against or investigating any claim of liability in the premises. The obligations of the Issuer under this Section to compensate and indemnify the Trustee and each predecessor trustee and to pay or reimburse the
Trustee and each predecessor trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture. Such additional indebtedness shall be a senior claim
to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the Holders of particular Securities, and the Securities are hereby subordinated to such senior claim. 

Section 6.07    Right of Trustee to Rely on Officer’s
Certificate, Etc. Subject to Sections 6.01 and 6.02, whenever in the administration of the trusts of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting
any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by an
Officer’s Certificate delivered to the Trustee, and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any action taken, suffered or omitted by it under the
provisions of this Indenture upon the faith thereof. 

Section 6.08    Disqualification; Conflicting Interests. If the Trustee has or
shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Issuer shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

 Section 6.09    Persons Eligible for Appointment as Trustee. The Trustee
for each series of Securities hereunder shall at all times be a corporation having a combined capital and surplus of at least $50,000,000 and shall be eligible in accordance with the provisions of Section 310(a) of the Trust Indenture Act of
1939. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of a Federal, State or District of Columbia supervising or examining authority, then, for the purposes of this Section, the combined
capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. 

Section 6.10    Resignation and Removal; Appointment of Successor
Trustee. (a) The Trustee, or any trustee or trustees hereafter appointed, may at any time resign with respect to one or more or all series of Securities by giving written notice of resignation to the Issuer and by delivering notice of
such resignation to the Holders of then Outstanding Securities of each series affected at their addresses as they shall appear on the Security register. Upon receiving such notice of resignation, the Issuer shall promptly appoint a successor trustee
or trustees with respect to the applicable series by written instrument in duplicate, executed by authority of the 

  
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Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee or trustees. If no successor trustee shall have been so
appointed with respect to any series and have accepted appointment within 30 days after the delivery of such notice of resignation, the resigning trustee may petition any court of competent jurisdiction for the appointment of a successor trustee, or
any Securityholder who has been a bona fide Holder of a Security or Securities of the applicable series for at least six months may, on behalf of himself or herself and all others similarly situated, petition any such court for the appointment of a
successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 
  

	 	(b)	 In case at any time any of the following shall occur: 

 

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

 

	 	(ii)	 the Trustee shall cease to be eligible in accordance with the provisions of Section 310(a) of the Trust
Indenture Act of 1939 and shall fail to resign after written request therefor by the Issuer or by any Securityholder; or 

  

	 	(iii)	 the Trustee shall become incapable of acting with respect to any series of Securities, or shall be adjudged
bankrupt or insolvent, or a receiver or liquidator of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation
or liquidation; 

 then, in any such case, (A) the Issuer may remove the Trustee with respect to the applicable series
of Securities and appoint a successor trustee for such series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor
trustee, or, (B) subject to Section 315(e) of the Trust Indenture Act of 1939, any Securityholder who has been a bona fide Holder of a Security or Securities of such series for at least six months may on behalf of itself and all others
similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee with respect to such series. Such court may thereupon, after such notice, if any, as it may deem proper and
prescribe, remove the Trustee and appoint a successor trustee. 
  

	 	(c)	 The Holders of a majority in aggregate principal amount of the Securities of each series at the time
Outstanding may at any time remove the Trustee with respect to Securities of such series and, with the consent of the Issuer, appoint a successor trustee with respect to the Securities of such series by delivering to the Trustee so removed, to the
successor trustee so appointed and to the Issuer the evidence provided for in Section 7.01 of the action in that regard taken by the Securityholders. 

  
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	 	(d)	 Any resignation or removal of the Trustee with respect to any series and any appointment of a successor trustee
with respect to such series pursuant to any of the provisions of this Section 6.10 shall become effective upon acceptance of appointment by the successor trustee as provided in Section 6.11. 

Section 6.11    Acceptance of Appointment by Successor Trustee. Any successor
trustee appointed as provided in Section 6.10 shall execute and deliver to the Issuer and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee with
respect to all or any applicable series shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all rights, powers, duties and obligations with respect to such series of its
predecessor hereunder, with like effect as if originally named as trustee for such series hereunder; but, nevertheless, on the written request of the Issuer or of the successor trustee, upon payment of its charges then unpaid, the trustee ceasing to
act shall, subject to Section 10.04, pay over to the successor trustee all moneys at the time held by it hereunder and shall execute and deliver an instrument transferring to such successor trustee all such rights, powers, duties and
obligations. Upon request of any such successor trustee, the Issuer shall execute any and all instruments in writing for more fully and certainly vesting in and confirming to such successor trustee all such rights and powers. Any trustee ceasing to
act shall, nevertheless, retain a prior claim upon all property or funds held or collected by such trustee to secure any amounts then due it pursuant to the provisions of Section 6.06. 

If a successor trustee is appointed with respect to the Securities of one or more (but not all) series, the Issuer, the predecessor trustee
and each successor trustee with respect to the Securities of any applicable series shall execute and deliver an indenture supplemental hereto which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the
rights, powers, trusts and duties of the predecessor trustee with respect to the Securities of any series as to which the predecessor trustee is not retiring shall continue to be vested in the predecessor trustee, and shall add to or change any of
the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such
trustees co-trustees of the same trust and that each such trustee shall be trustee of a trust or trusts under separate indentures. 

No successor trustee with respect to any series of Securities shall accept appointment as provided in this Section 6.11 unless at the
time of such acceptance such successor trustee shall be qualified under the provisions of Section 310(b) of the Trust Indenture Act of 1939 and eligible under the provisions of Section 310(a) of the Trust Indenture Act of 1939. 

Upon acceptance of appointment by any successor trustee as provided in this Section 6.11, the Issuer shall deliver notice thereof to the
Holders of Securities of each series affected, by delivering such notice to such Holders at their addresses as they shall appear on the Security register. If the acceptance of appointment is substantially contemporaneous with the resignation,

  
 33 

 
then the notice called for by the preceding sentence may be combined with the notice called for by Section 6.10. If the Issuer fails to deliver such notice within ten days after acceptance
of appointment by the successor trustee, the successor trustee shall cause such notice to be given at the expense of the Issuer. 
 
Section 6.12    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 the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; provided,
that such corporation shall be qualified under the provisions of Section 310(b) of the Trust Indenture Act of 1939 and eligible under the provisions of Section 310(a) of the Trust Indenture Act of 1939, without the execution or filing of
any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. 
 In case, at the
time such successor to the Trustee shall succeed to the trusts created by this Indenture, any of the Securities of any series shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of
authentication of any predecessor trustee and deliver such Securities so authenticated; and, in case at that time any of the Securities of any series shall not have been authenticated, any successor to the Trustee may authenticate such Securities
either in the name of any predecessor hereunder or in the name of the successor trustee; and in all such cases such certificate shall have the full force which it is anywhere in the Securities of such series or in this Indenture provided that the
certificate of the Trustee shall have; provided, that the right to adopt the certificate of authentication of any predecessor trustee or to authenticate Securities of any series in the name of any predecessor trustee shall apply only to its
successor or successors by merger, conversion or consolidation. 

Section 6.13    Preferential Collection of Claims Against the Issuer. The
Trustee shall comply with Section 311(a) of the Trust Indenture Act of 1939, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act of 1939. A Trustee who has resigned or been removed shall be subject to
Section 311(a) of the Trust Indenture Act of 1939 to the extent included therein. 
 ARTICLE 7 

CONCERNING THE SECURITYHOLDERS 
 
Section 7.01    Evidence of Action Taken by Securityholders. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by a specified
percentage in principal amount of the Securityholders of any or all series may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such specified percentage of Securityholders in person or by agent duly
appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee. Proof of execution of any instrument or of a writing appointing any such
agent shall be sufficient for any purpose of this Indenture and (subject to Sections 6.01 and 6.02) conclusive in favor of the Trustee and the Issuer, if made in the manner provided in this Article. 

  
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 Section 7.02    Proof of
Execution of Instruments and of Holding of Securities. Subject to Sections 6.01 and 6.02, the execution of any instrument by a Holder or his agent or proxy may be proved in accordance with such reasonable rules and regulations as may be
prescribed by the Trustee or in such manner as shall be satisfactory to the Trustee. The holding of Securities shall be proved by the Security register or by a certificate of the registrar thereof. The Issuer may set a record date for purposes of
determining the identity of Holders of any series entitled to vote or consent to any action referred to in Section 7.01, which record date may be set at any time or from time to time by notice to the Trustee, for any date or dates (in the case
of any adjournment or reconsideration) not more than 60 days nor less than five days prior to the proposed date of such vote or consent, and thereafter, notwithstanding any other provisions hereof, only Holders of such series of record on such
record date shall be entitled to so vote or give such consent or revoke such vote or consent. Notice of such record date may be given before or after any request for any action referred to in Section 7.01 is made by the Issuer. 

Section 7.03    Holders to Be Treated as Owners. The Issuer, the Trustee and
any agent of the Issuer or of the Trustee may deem and treat the Person in whose name any Security shall be registered upon the Security register for such series as the absolute owner of such Security (whether or not such Security shall be overdue
and notwithstanding any notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the principal of, and, subject to the provisions of this Indenture, interest on, such Security and for all other
purposes; and neither the Issuer nor the Trustee nor any agent of the Issuer or the Trustee shall be affected by any notice to the contrary. All such payments so made to any such Person, or upon his or her order, shall be valid, and, to the extent
of the sum or sums so paid, effectual to satisfy and discharge the liability for moneys payable. 

Section 7.04    Securities Owned by Issuer Deemed Not Outstanding. In
determining whether the Holders of the requisite aggregate principal amount of Outstanding Securities of any or all series have concurred in any direction, consent or waiver under this Indenture, Securities that are owned by the Issuer or any other
obligor on the Securities with respect to which such determination is being made or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer or any other obligor on the Securities
with respect to which such determination is being made shall be disregarded and deemed not to be Outstanding for the purpose of any such determination, except that, for the purpose of determining whether the Trustee shall be protected in relying on
any such direction, consent or waiver, only Securities which the Trustee knows are so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the
satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Issuer or any other obligor upon the Securities or any Person directly or indirectly controlling or controlled by or under
direct or indirect common control with the Issuer or any other obligor on the Securities. In case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such
advice. 
 Section 7.05    Right of Revocation of Action Taken. At any time
prior to (but not after) the evidencing to the Trustee, as provided in Section 7.01, of the taking of any action by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be,
specified in this Indenture in connection with such action, any Holder of a 

  
 35 

 
Security the serial number of which is shown by the evidence to be included among the serial numbers of the Securities the Holders of which have consented to such action may, by filing written
notice at the Corporate Trust Office and upon proof of holding as provided in this Article, revoke such action so far as concerns such Security. Except as aforesaid, any such action taken by the Holder of any Security shall be conclusive and binding
upon such Holder and upon all future Holders and owners of such Security and of any Securities issued in exchange or substitution therefor or on registration of transfer thereof, irrespective of whether or not any notation in regard thereto is made
upon any such Security. Any action taken by the Holders of the percentage in aggregate principal amount of the Securities of any or all series, as the case may be, specified in this Indenture in connection with such action shall be conclusively
binding upon the Issuer, the Trustee and the Holders of all the Securities affected by such action. 

ARTICLE 8 

SUPPLEMENTAL INDENTURES 
 
Section 8.01    Supplemental Indentures Without Consent of Securityholders. The Issuer, when authorized by a resolution of its Board of Directors and the Trustee may from time to time and at any time,
without the consent of any of the Securityholders, enter into an indenture or indentures supplemental hereto in form satisfactory to the Trustee for one or more of the following purposes: 

 

	 	(a)	 to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities of one or more
series any property or assets; 

  

	 	(b)	 to evidence the succession of another Person to the Issuer, or successive successions, and the assumption by
such successor of the covenants, agreements and obligations of the Issuer pursuant to, or to otherwise comply with, Article 9; 

  

	 	(c)	 to comply with the requirements of the Commission in order to effect or maintain the qualification of this
Indenture under the Trust Indenture Act of 1939, as amended; 

  

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

  
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	 	(e)	 to cure any ambiguity, defect or inconsistency, or to conform this Indenture or any supplemental indenture to
the description of the Securities set forth in any prospectus, prospectus supplement or offering memorandum related to such series of Securities; 

  

	 	(f)	 to provide for the Securities of one or more series; 

 

	 	(g)	 to establish the form or terms of Securities of any series as permitted by Sections 2.01 and 2.03;

  

	 	(h)	 to evidence and provide for the acceptance of appointment hereunder by a successor trustee with respect to the
Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one trustee, pursuant to the requirements of
Section 6.11; 

  

	 	(i)	 to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of
Securities; provided that any such addition, change or elimination shall (A) not (i) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor
(ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no Security described in clause (A)(i) Outstanding; 

 

	 	(j)	 to make any change to the Securities of any series so long as no Securities of such series are Outstanding; and

  

	 	(k)	 to make any other change that does not adversely affect the interests of the Holders of the Securities in any
material respect. 

 The Trustee shall join with the Issuer in the execution of any such supplemental indenture, to make
any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such
supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Any
supplemental indenture authorized by the provisions of this Section may be executed without the consent of the Holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 8.02. 

Section 8.02    Supplemental Indentures With Consent of Securityholders. With
the consent (evidenced as provided in Article 7) of the Holders of not less than a majority in 

  
 37 

 
aggregate principal amount of the Securities at the time Outstanding of one or more series affected by such supplemental indenture (voting as separate series), the Issuer, when authorized by a
resolution of the Board of Directors and the Trustee may, from time to time and at any time, 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 any supplemental indenture or of modifying in any manner the rights of the Holders of the Securities of each such consenting series; provided, that no such supplemental indenture shall, without the consent
of the Holder of each Security so affected, (a) extend the final maturity of any Security, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any amount payable on redemption
thereof, or make the principal thereof (including any amount in respect of original issue discount) or interest thereon payable in any currency other than that provided in the Securities or in accordance with the terms thereof, or reduce the amount
of the principal of an Original Issue Discount Security that would be due and payable upon an acceleration of the maturity thereof pursuant to Section 5.01 or the amount thereof provable in bankruptcy pursuant to Section 5.02, or
(b) waive a continuing default in the payment of principal of any Security or interest thereon, other than any such default in payment that resulted solely from such acceleration, or change a provision related to the waiver of past defaults or
impair the right of any Securityholder to institute suit for the enforcement of any such payment on or after the Stated Maturity or the date of redemption or conversion of any Security or, if the Securities provide therefor, any right of repayment
at the option of the Securityholder, or (c) modify any of the provisions of this section except to increase any required percentage or to provide that certain other provisions cannot be modified or waived without the consent of the Holder of
each Security so affected, or (d) make any change that adversely affects the right to convert or exchange any Security into or for Common Stock or other securities, cash or other property in accordance with the terms of such Security or
(e) reduce the aforesaid percentage of Securities of any series, the consent of the Holders of which is required for any such supplemental indenture or the consent of Holders of which is required for any modification, amendment or waiver of
compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences provided for in this Indenture. 

A supplemental indenture which changes or eliminates any covenant, Event of Default or other provision of this Indenture (1) that has
been expressly included solely for the benefit of one or more particular series of Securities, if any, or (2) which modifies the rights of Holders of Securities of one or more series with respect to any covenant, Event of Default or provision,
shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series with respect to which such covenant, Event of Default or other provision has not been included or so modified. 

Upon the request of the Issuer, accompanied by a Board Resolution authorizing the execution of any such supplemental indenture, and upon the
filing with the Trustee of evidence of the consent of Securityholders as aforesaid and other documents, if any, required by Section 7.01, the Trustee shall join with the Issuer in the execution of such supplemental indenture unless such
supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture. 

  
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 It shall not be necessary for the consent of the Securityholders under this Section to
approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 

Promptly after the execution by the Issuer and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the
Trustee shall give a notice thereof to the Holders of then Outstanding Securities of each series affected thereby, by delivering a notice thereof, and in each case such notice shall set forth in general terms the substance of such supplemental
indenture. Any failure of the Trustee to deliver such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

Section 8.03    Effect of Supplemental Indenture. Upon the execution of any
supplemental indenture pursuant to the provisions hereof, this Indenture shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this
Indenture of the Trustee, the Issuer and the Holders of Securities of each series affected thereby shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and
conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

Section 8.04    Documents to Be Given to Trustee. The Trustee, subject to the
provisions of Sections 6.01 and 6.02, may receive an Officer’s Certificate and an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article 8 complies with the applicable provisions of this
Indenture. 
 Section 8.05    Notation on Securities in Respect of
Supplemental Indentures. Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article may bear a notation in form approved by the Trustee for such series
as to any matter provided for by such supplemental indenture or as to any action taken by Securityholders. If the Issuer or the Trustee shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the
Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Issuer, authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding. 

ARTICLE 9 

CONSOLIDATION, MERGER, SALE OR CONVEYANCE 

Section 9.01    Issuer May Consolidate, Etc., on Certain Terms. The Issuer
shall not consolidate with or merge into any other Person (in a transaction in which the Issuer is not the surviving corporation) or convey, transfer or lease its properties and assets substantially as an entirety to any Person, unless (a) the
Person formed by such consolidation or into which the Issuer is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Issuer substantially as an entirety (i) shall be a corporation,
limited liability company, partnership or trust, (ii) shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and (iii) shall expressly assume, by an indenture
supplemental hereto, executed and delivered to the Trustee, in 

  
 39 

 
form satisfactory to the Trustee, the due and punctual payment of the principal, interest on and any Additional Amounts with respect to all the Securities and the performance or observance of
every covenant of this Indenture on the part of the Issuer to be performed, by supplemental indenture satisfactory in form to the Trustee, executed and delivered to the Trustee, by the Person formed by such consolidation or into which the Issuer
shall have been merged or by the Person which shall have acquired the Issuer’s assets; (b) 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 (c) the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and,
if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

The restrictions in this Section 9.01 shall not apply to (i) the merger or consolidation of the Issuer with one of its affiliates,
if the Board of Directors determines in good faith that the purpose of such transaction is principally to change the Issuer’s State of incorporation or convert the Issuer’s form of organization to another form, or (ii) the merger of
the Issuer with or into a single direct or indirect wholly owned Subsidiary. 

Section 9.02    Successor Issuer Substituted. Upon any consolidation of the
Issuer with, or merger of the Issuer into, any other Person or any conveyance, transfer or lease of the properties and assets of the Issuer substantially as an entirety in accordance with Section 9.01, the successor Person formed by such
consolidation or into which the Issuer 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 Issuer under this Indenture with the same effect as if
such successor Person had been named as the Issuer 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. 

In case of any such consolidation, merger, sale, lease or conveyance, such changes in phraseology and form (but not in substance) may be made
in the Securities thereafter to be issued as may be appropriate. 
 ARTICLE 10 

SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE; UNCLAIMED MONEYS 

Section 10.01    Satisfaction and Discharge of Indenture; Defeasance.
(a) If at any time 
  

	 	(i)	 the Issuer shall have paid or caused to be paid the principal of and interest on and any Additional Amounts
with respect to all the Securities of any series Outstanding hereunder (other than Securities of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.09) as and when the same shall
have become due and payable, or 

  
 40 

	 	(ii)	 the Issuer shall have delivered to the Trustee for cancellation all Securities of any series theretofore
authenticated (other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.09); or 

 

	 	(iii)	 in the case of any series of Securities the exact amount (including the currency of payment) of principal of
and interest and Additional Amounts due on which on the dates referred to in clause (B) below can be determined at the time of making the deposit referred to in such clause, 

 

	 	(A)	 all the Securities of such series not theretofore delivered to the Trustee for cancellation shall have become
due and payable, or are by their terms to become due and payable within one year or are to be called for redemption within one year in accordance with their terms under arrangements satisfactory to the Trustee for the giving of notice of redemption,
and 

  

	 	(B)	 the Issuer shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds the
entire amount (i) in the case of any series of Securities the payments on which may only be made in Dollars, in Dollars (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.04) and/or
U.S. Government Obligations maturing as to principal and interest in such amounts and at such times as will insure the availability of cash in such currency, or (ii) in the case of any series of Securities the payments on which may only be made
in a Foreign Currency, in such Foreign Currency (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.04) and/or Foreign Government Obligations maturing as to principal and interest in such
amounts and at such times as will insure the availability of cash in such currency, in each case sufficient to pay on any subsequent Interest Payment Date all interest due on such Interest Payment Date on the Securities of such series and to pay at
maturity or upon redemption all Securities of such series (in each case other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in Section 2.09) not
theretofore delivered to the Trustee for cancellation, including principal, interest and Additional Amounts due or to become due to such date of maturity, as the case may be, 

  
 41 

 and if, in a case described in Section 10.01(a)(iii)(B), the Issuer shall also pay or cause to be paid
all other sums payable hereunder by the Issuer, including amounts due the Trustee pursuant to Section 6.06, with respect to Securities of such series, then this Indenture shall cease to be of further effect with respect to Securities of such
series (except as to (1) rights of registration of transfer, conversion and exchange of Securities of such series and the Issuer’s right of optional redemption, (2) substitution of mutilated, defaced, destroyed, lost or stolen
Securities, (3) rights of Holders of Securities to receive, solely from the trust fund described in Section 10.01(a)(iii)(B), payments of principal thereof and interest thereon, upon the original stated due dates therefor (but not upon
acceleration) and remaining rights of the Holders to receive, solely from the trust fund described in Section 10.01(a)(iii)(B), sinking fund payments, if any, (4) the rights (including the Trustee’s rights under Section 10.05)
and immunities of the Trustee hereunder and the Trustee’s obligations under Sections 10.02 and 10.04 and (5) the obligations of the Issuer under Section 3.02), and the Trustee, on demand of the Issuer accompanied by an Officer’s
Certificate and an Opinion of Counsel which complies with Section 11.05 and at the cost and expense of the Issuer, shall execute proper instruments acknowledging such satisfaction of and discharging this Indenture with respect to such series.
The Issuer agrees to reimburse the Trustee for any costs or expenses thereafter reasonably and properly incurred and to compensate the Trustee for any services thereafter reasonably and properly rendered by the Trustee in connection with this
Indenture or the Securities of such series. 
  

	 	(b)	 The following subsection shall apply to the Securities of each series unless specifically otherwise provided in
a Board Resolution, Officer’s Certificate or indenture supplemental hereto pursuant to Section 2.03. In addition to the right to discharge of the Indenture pursuant to subsection (a) above, the Issuer, at its option and at any time,
by written notice by an officer delivered to the Trustee, may elect to have all of its obligations with respect to all Outstanding Securities of a series discharged (“Legal Defeasance”), such discharge to be effective on the date
that the conditions set forth in clauses (i) through (iv) and (vi) of Section 10.01(d) are satisfied, and thereafter the Issuer shall be deemed to have paid and discharged the entire Debt on all the Securities of such series, and
satisfied all its other obligations under such Securities and this Indenture insofar as such Securities are concerned and this Indenture shall cease to be of further effect with respect to Securities of such series (except as to (1) rights of
registration of transfer, conversion and exchange of Securities of such series, (2) substitution of apparently mutilated, defaced, destroyed, lost or stolen Securities, (3) rights of Holders of Securities to receive, solely from the trust
fund described in Section 10.01(d)(i), payments of principal thereof, interest thereon and any Additional Amounts, upon the original Stated Maturities therefor (but not upon acceleration) and remaining rights of the Holders to receive, solely
from the trust fund described in Section 10.01(d)(i), sinking fund payments, if any, (4) the rights (including the Trustee’s rights under Section 10.05) and immunities of the Trustee hereunder and the Trustee’s obligations
with respect to the Securities of such series under Sections 10.02 and 10.04 and (5) the obligations of the Issuer under Section 3.02). 

  
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	 	(c)	 The following subsection shall apply to the Securities of each series unless specifically otherwise provided in
a Board Resolution, Officer’s Certificate or indenture supplemental hereto provided pursuant to Section 2.03. In addition to the right to discharge of the Indenture pursuant to subsection (a) and to Legal Defeasance pursuant to
subsection (b), above, the Issuer, at its option and at any time, by written notice executed by an officer delivered to the Trustee, may elect to have its obligations under any covenant contained in this Indenture or in the Board Resolution or
supplemental indenture relating to such series pursuant to Section 2.03 discharged with respect to all Outstanding Securities of a series, this Indenture and any indentures supplemental to this Indenture with respect to such series
(“Covenant Defeasance”), such discharge to be effective on the date the conditions set forth in clauses (i) through (iii) and (v) through (vi) of Section 10.01(d) are satisfied, and such Securities shall thereafter be
deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration of Securityholders (and any consequences thereof) in connection with such covenants, but shall continue to be “Outstanding” for all
other purposes under this Indenture. For this purpose, such Covenant Defeasance means that, with respect to the Outstanding Securities of a series, the Issuer may omit to comply with and shall have no liability in respect of any term, condition or
limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of reference in any such covenant to any other provision herein or in any other document and
such omission to comply shall not constitute an Event of Default under Section 5.01(c) or otherwise, but except as specified in this Section 10.01(c), the remainder of the Issuer’s obligations under the Securities of such series, this
Indenture, and any indentures supplemental to this Indenture with respect to such series shall be unaffected thereby. 

  

	 	(d)	 The following shall be the conditions to the application of Legal Defeasance (to the extent set forth in
subsection (b)), or Covenant Defeasance (to the extent set forth in subsection (c)) to the Securities of the applicable series: 

  

	 	(i)	 the Issuer irrevocably deposits or causes to be deposited in trust with the Trustee or, at the option of the
Trustee, with a trustee satisfactory to the Trustee and the Company under the terms of an irrevocable trust agreement in form and substance satisfactory to the Trustee, (i) in the case of any series of Securities the payments on which may only
be made in Dollars, Dollars (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.04) and/or U.S. Government Obligations maturing as to principal and interest in such amounts and at such times
as will insure the availability of cash in such currency, or (ii) in the case of any series of Securities the payments on which may only be made in a Foreign Currency, such Foreign

  
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Currency (other than moneys repaid by the Trustee or any paying agent to the Issuer in accordance with Section 10.04) and/or Foreign Government Obligations maturing as to principal and
interest in such amounts and at such times as will insure the availability of cash in such currency, in each case sufficient to pay on any subsequent Interest Payment Date all interest due on such Interest Payment Date on the Securities of such
series and to pay at maturity or upon redemption all Securities of such series (in each case other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in
Section 2.09) not theretofore delivered to the Trustee for cancellation, including principal, interest and Additional Amounts due or to become due to such date of maturity, as the case may be; 

 

	 	(ii)	 the Issuer delivers to the Trustee an Officer’s Certificate stating that all conditions precedent
specified herein relating to Legal Defeasance or Covenant Defeasance, as the case may be, have been complied with, and an Opinion of Counsel to the same effect; 

 

	 	(iii)	 no Event of Default under subsection (a), (b), (d) or (e) of Section 5.01 shall have occurred and be
continuing, and no event which with notice or lapse of time or both would become such an Event of Default shall have occurred and be continuing, on the date of such deposit; 

 

	 	(iv)	 in the event of an election for Legal Defeasance under subsection (b), the Issuer shall have delivered to the
Trustee an Opinion of Counsel stating that (A) the Issuer has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of this instrument, there has been a change in the applicable Federal
income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit,
defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would be the case if such deposit, defeasance and discharge were not
to occur; 

  

	 	(v)	 in the event of an election for Covenant Defeasance under subsection (c), the Issuer shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and
will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur; and 

  
 44 

	 	(vi)	 notwithstanding any other provisions of this subsection (d), such defeasance shall be effected in compliance
with any additional or substitute terms, conditions or limitations that may be imposed on the Issuer pursuant to Section 2.03. 

After such irrevocable deposit made pursuant to this Section 10.01(d) and satisfaction of the other applicable conditions set forth in this subsection
(d), the Trustee upon request shall execute proper instruments acknowledging the discharge of the Issuer’s obligations pursuant to this Section 10.01. 

Section 10.02    Application by Trustee of Funds Deposited for Payment of
Securities. Subject to Section 10.04, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including
the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal
and interest; but such money need not be segregated from other funds except to the extent required by law. 

Section 10.03    Repayment of Moneys Held by Paying Agent. In connection with
the satisfaction and discharge of this Indenture with respect to Securities of any series, all moneys then held by any paying agent under the provisions of this Indenture with respect to such series of Securities shall, upon demand of the Issuer, be
repaid to it or paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys. 

Section 10.04    Return of Moneys Held by Trustee and Paying Agent
Unclaimed for Two Years. Any moneys deposited with or paid to the Trustee or any paying agent for the payment of the principal of, interest on or additional amounts in respect of any Security of any series and not applied but remaining
unclaimed for two years after the date upon which such principal, interest or additional amount shall have become due and payable, shall be repaid to the Issuer by the Trustee for such series or such paying agent, and the Holder of the Securities of
such series shall thereafter look only to the Issuer for any payment which such Holder may be entitled to collect, and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease. 

Section 10.05    Indemnity for U.S. Government Obligations and Foreign Government
Obligations. The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Section 10.01 or the
principal or interest received in respect of such obligations. 

  
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 ARTICLE 11 

MISCELLANEOUS PROVISIONS 
 
Section 11.01    No Recourse. 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, stockholder, officer or director, past, present or future as such, of the Issuer or of any predecessor or successor corporation, either directly or through the Issuer or any such predecessor or successor corporation,
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, stockholders, officers or directors as such, of the Issuer or of any predecessor or 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 agreements contained in this Indenture or in any of the Securities or implied therefrom; and that any and all such personal liability of every
name and nature, 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, stockholder, 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 of the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration
for, the execution of this Indenture and the issuance of such Securities. 

Section 11.02    Provisions of Indenture for the Sole Benefit of Parties and
Holders of Securities. Nothing in this Indenture or in the Securities, expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties hereto and their successors and the Holders of the
Securities any legal or equitable right, remedy or claim under this Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and of the
Holders of the Securities. 
 Section 11.03    Successors and Assigns of Issuer
Bound by Indenture. All the covenants, stipulations, promises and agreements contained in this Indenture by or on behalf of the Issuer shall bind its successors and assigns, whether so expressed or not. 

Section 11.04    Notices and Demands on Issuer, Trustee and Holders of
Securities. Any notice or demand which by any provision of this Indenture is required or permitted to be given or served by the Trustee or by the Holders of Securities to or on the Issuer may be delivered, given or served by being deposited
postage prepaid, first-class mail (except as otherwise specifically provided herein) addressed (until another address of the Issuer is filed by the Issuer with the Trustee) to Generation Bio Co., 301 Binney Street Cambridge, MA 02142, Attn: Chief
Financial Officer. Any notice, direction, request or demand by the Issuer or any Holder of Securities to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made at
                ,                 , Attn:
                . 
 Where this Indenture provides for
notice to Holders of Securities, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-

  
 46 

 
class postage prepaid, to each Holder entitled thereto, at his, her or its last address as it appears in the Security register. In case, by reason of the suspension of or irregularities in
regular mail service, it shall be impracticable to mail notice of any event to Holders of Securities when said notice is required to be given pursuant to any provision of this Indenture or of the Securities, then any manner of giving such notice as
shall be satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice. 
 In case, by reason of the suspension of or
irregularities in regular mail service, it shall be impracticable to mail notice to the Issuer when such notice is required to be given pursuant to any provision of this Indenture, then any reasonable manner of giving such notice as shall be
satisfactory to the Trustee shall be deemed to be a sufficient giving of such notice. 
 Where this Indenture provides for notice of any
event to a Holder of a Global Security, such notice shall be sufficiently given if given to the Depositary for such Security (or its designee), pursuant to the Applicable Procedures of the Depositary, not later than the latest date, if any, and not
earlier than the earliest date, if any, prescribed for the giving of such notice. 
 Neither the failure to give notice, nor any defect in
any notice so given, to any particular Holder of a Security shall affect the sufficiency of such notice with respect to other Holders of Securities given as provided above. 

Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice
either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 Section 11.05    Officer’s
Certificates and Opinions of Counsel; Statements to Be Contained Therein. Upon any application or demand by the Issuer to the Trustee to take any action under any of the provisions of this Indenture, the Issuer shall furnish to the
Trustee an Officer’s Certificate stating that all conditions precedent provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such
conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application
or demand, no additional certificate or opinion need be furnished. 
 Each certificate or opinion provided for in this Indenture and
delivered to the Trustee with respect to compliance with a condition or covenant provided for in this Indenture shall include (a) a statement that the person making such certificate or opinion has read such covenant or condition, (b) a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based, (c) a statement that, in the opinion of such person, he or she has made
such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with and (d) a statement as to whether or not, in the opinion of such
person, such condition or covenant has been complied with. 

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

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

Any certificate or opinion of any independent firm of public accountants filed with and directed to the Trustee shall contain a statement that
such firm is independent. 
 Section 11.06    Payments Due on Saturdays, Sundays
and Holidays. If the date of maturity of interest on or principal of the Securities of any series or the date fixed for redemption or repayment of any such Security, or the last day on which a Holder has the right to convert any Security, shall
not be a Business Day, then payment of interest or principal, or any conversion, need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date of maturity or the date fixed
for redemption or on such last day for conversion, and no interest shall accrue for the period after such date. 
 
Section 11.07    Conflict of Any Provision of Indenture With Trust Indenture Act of 1939. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with another provision
included in this Indenture by operation of Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939, such incorporated provision shall control. 

Section 11.08    New York Law to Govern. This Indenture and each Security
shall be deemed to be a contract under the laws of the State of New York, and for all purposes shall be governed by and construed in accordance with the laws of such State without regard to any principle of conflict of laws that would require or
permit the application of the laws of any other jurisdiction, except as may otherwise be required by mandatory provisions of law. 
 
Section 11.09    Counterparts. This Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument.

  
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 Section 11.10    Effect of
Headings. The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 

Section 11.11    Actions by Successor. Any act or proceeding by any provision
of this Indenture authorized or required to be done or performed by any board of directors or its equivalent, committee or officer of the Issuer shall and may be done and performed with like force and effect by the corresponding board, committee or
officer of any corporation that shall at the time be the lawful successor of the Issuer. 

Section 11.12    Severability. In case any one or more of the provisions
contained in this Indenture or in the Securities of any series shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this
Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

ARTICLE 12 

REDEMPTION OF SECURITIES AND SINKING FUNDS 

Section 12.01    Applicability of Article. The provisions of this Article
shall be applicable to the Securities of any series which are redeemable before their maturity or to any sinking fund for the retirement of Securities of a series, except as otherwise specified, as contemplated by Section 2.03 for Securities of
such series. 
 Section 12.02    Notice of Redemption; Partial Redemptions.
Notice of redemption to the Holders of Securities of any series to be redeemed as a whole or in part at the option of the Issuer shall be given by providing notice of such redemption at least 10 days and not more than 60 days prior to the date
fixed for redemption to such Holders of Securities of such series at their last addresses as they shall appear upon the Security register. Any notice which is given in the manner herein provided shall be conclusively presumed to have been duly
given, whether or not the Holder receives the notice. Failure to give notice or any defect in the notice to the Holder of any Security of a series designated for redemption as a whole or in part shall not affect the validity of the proceedings for
the redemption of any other Security of such series. 
 The notice of redemption to each such Holder shall specify the principal amount of
each Security of such series held by such Holder to be redeemed, the date fixed for redemption, the redemption price, the place or places of payment, that payment will be made upon presentation and surrender of such Securities, that such redemption
is pursuant to the mandatory or optional sinking fund, or both, if such be the case, that interest accrued to the date fixed for redemption will be paid as specified in such notice and that on and after said date interest thereon or on the portions
thereof to be redeemed will cease to accrue and shall also specify, if applicable, the conversion price then in effect and the date on which the right to convert such Securities or the portions thereof to be redeemed will expire. In case any
Security of a series is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security, a
new Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued. 

  
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 The notice of redemption of Securities of any series to be redeemed at the option of the
Issuer shall be given by the Issuer or, at the Issuer’s request, by the Trustee in the name and at the expense of the Issuer. 
 On or
before the redemption date specified in the notice of redemption given as provided in this Section, the Issuer will deposit with the Trustee or with one or more paying agents (or, if the Issuer is acting as its own paying agent, set aside, segregate
and hold in trust as provided in Section 3.04) an amount of money sufficient to redeem on the redemption date all the Securities of such series so called for redemption (other than those Securities theretofore surrendered for conversion into
Common Stock in accordance with their terms) at the appropriate redemption price, together with accrued interest to the date fixed for redemption. If any Security called for redemption is converted pursuant hereto and in accordance with the terms
thereof, any money deposited with the Trustee or any paying agent or so segregated and held in trust for the redemption of such Security shall be paid to the Issuer upon the Issuer’s request, or, if then held by the Issuer, shall be discharged
from such trust. The Issuer will deliver to the Trustee at least 10 days prior to the date the notice required to be delivered to the Holders is to be sent (unless a shorter time period shall be acceptable to the Trustee) an Officer’s
Certificate (which need not comply with Section 11.05) stating the aggregate principal amount of Securities to be redeemed. In case of a redemption at the election of the Issuer prior to the expiration of any restriction on such redemption, the
Issuer shall deliver to the Trustee, prior to the giving of any notice of redemption to Holders pursuant to this Section, an Officer’s Certificate stating that such restriction has been complied with. 

If less than all the Securities of a series are to be redeemed, the Trustee shall select, in such manner as it shall deem appropriate and
fair, Securities of such series to be redeemed in whole or in part. Securities may be redeemed in part in multiples equal to the minimum authorized denomination for Securities of such series or any multiple thereof. The Trustee shall promptly notify
the Issuer in writing of the Securities of such series selected for redemption and, in the case of any Securities of such series selected for partial redemption, the principal amount thereof to be redeemed. For all purposes of this Indenture, unless
the context otherwise requires, all provisions relating to the redemption of Securities of any series shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which
has been or is to be redeemed. If any Security selected for partial redemption is surrendered for conversion after such selection, the converted portion of such Security shall be deemed (so far as may be possible) to be the portion selected for
redemption. 
 Section 12.03    Payment of Securities Called for Redemption.
If notice of redemption has been given as above provided, the Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price,
together with interest accrued to the date fixed for redemption, and on and after said date (unless the Issuer shall default in the payment of such Securities at the redemption price, together with interest accrued to said date) interest on the
Securities or portions of Securities so called for redemption shall cease to accrue, and such Securities shall cease from and after the date fixed for redemption to be convertible into Common Stock (to the extent otherwise convertible in accordance
with their terms), if applicable, and cease to be entitled to any benefit or security under this Indenture, and except as provided in the paragraph below, the Holders thereof shall have no right in respect of such Securities except the right to
receive the 

  
 50 

 
redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Securities at a place of payment specified in said notice, said Securities or
the specified portions thereof shall be paid and redeemed by the Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption; provided, that payment of interest becoming due on or prior
to the date fixed for redemption shall be payable to the Holders of such Securities registered as such on the relevant record date subject to the terms and provisions of Sections 2.03 and 2.07 hereof. 

If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid or duly
provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue Discount Security) borne by such Security and, if applicable, such Security shall remain convertible into
Common Stock until the principal of such Security shall have been paid or duly provided for. 
 Upon presentation of any Security redeemed
in part only, the Issuer shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Issuer, a new Security or Securities of such series, of authorized denominations, in principal
amount equal to the unredeemed portion of the Security so presented. 

Section 12.04    Exclusion of Certain Securities from Eligibility for
Selection for Redemption. Securities shall be excluded from eligibility for selection for redemption if they are identified by registration and certificate number in an Officer’s Certificate delivered to the Trustee at least 40 days
prior to the last date on which notice of redemption may be given as being owned of record and beneficially by, and not pledged or hypothecated by either (a) the Issuer or (b) an entity specifically identified in such written statement as
directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuer. 
 
Section 12.05    Mandatory and Optional Sinking Funds. The minimum amount of any sinking fund payment provided for by the terms of the Securities of any series is herein referred to as a “mandatory sinking
fund payment”, and any payment in excess of such minimum amount provided for by the terms of the Securities of any series is herein referred to as an “optional sinking fund payment”. The date on which a sinking fund
payment is to be made is herein referred to as the “sinking fund payment date”. 
 In lieu of making all or any part of any
mandatory sinking fund payment with respect to any series of Securities in cash, the Issuer may at its option (a) deliver to the Trustee Securities of such series theretofore purchased or otherwise acquired (except upon redemption pursuant to
the mandatory sinking fund) by the Issuer or receive credit for Securities of such series (not previously so credited) theretofore purchased or otherwise acquired (except as aforesaid) by the Issuer and delivered to the Trustee for cancellation
pursuant to Section 2.10 and, if applicable, receive credit for Securities (not previously so credited) converted into Common Stock and so delivered to the Trustee for cancellation, (b) receive credit for optional sinking fund payments
(not previously so credited) made pursuant to this Section, or (c) receive credit for Securities of such series (not previously so credited) redeemed by the Issuer through any optional redemption provision contained in the terms of such series.
Securities so delivered or credited shall be received or credited by the Trustee at the sinking fund redemption price specified in such Securities. 

  
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 On or before the 60th day next preceding each sinking fund payment date for any series, the
Issuer will deliver to the Trustee an Officer’s Certificate (which need not contain the statements required by Section 11.05) (a) specifying the portion of the mandatory sinking fund payment to be satisfied by payment of cash and the
portion to be satisfied by credit of Securities of such series and the basis for such credit, (b) stating that none of the Securities of such series for which credit will be taken has theretofore been so credited, (c) stating that no
defaults in the payment of interest or Events of Default with respect to such series have occurred (which have not been waived or cured) and are continuing and (d) stating whether or not the Issuer intends to exercise its right to make an
optional sinking fund payment with respect to such series and, if so, specifying the amount of such optional sinking fund payment which the Issuer intends to pay on or before the next succeeding sinking fund payment date. Any Securities of such
series to be credited and required to be delivered to the Trustee in order for the Issuer to be entitled to credit therefor as aforesaid which have not theretofore been delivered to the Trustee shall be delivered for cancellation pursuant to
Section 2.10 to the Trustee with such Officer’s Certificate (or reasonably promptly thereafter if acceptable to the Trustee). Such Officer’s Certificate shall be irrevocable and upon its receipt by the Trustee the Issuer shall become
unconditionally obligated to make all the cash payments or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the Issuer, on or before any such 60th day, to deliver such Officer’s
Certificate and Securities specified in this paragraph, if any, shall not constitute a default but shall constitute, on and as of such date, the irrevocable election of the Issuer that the mandatory sinking fund payment for such series due on the
next succeeding sinking fund payment date shall be paid entirely in cash without the option to deliver or credit Securities of such series in respect thereof. 

If the sinking fund payment or payments (mandatory or optional or both) to be made in cash on the next succeeding sinking fund payment date
plus any unused balance of any preceding sinking fund payments made in cash shall exceed $50,000 (or the equivalent thereof in any Foreign Currency or a lesser sum in Dollars or in any Foreign Currency if the Issuer shall so request) with respect to
the Securities of any particular series, such cash shall be applied on the next succeeding sinking fund payment date to the redemption of Securities of such series at the sinking fund redemption price together with accrued interest to the date fixed
for redemption. If such amount shall be $50,000 (or the equivalent thereof in any Foreign Currency) or less and the Issuer makes no such request then it shall be carried over until a sum in excess of $50,000 (or the equivalent thereof in any Foreign
Currency) is available, which delay in accordance with this paragraph shall not be a default or breach of the obligation to make such payment. The Trustee shall select, in the manner provided in Section 12.02, for redemption on such sinking
fund payment date a sufficient principal amount of Securities of such series to which such cash may be applied, as nearly as may be, and shall (if requested in writing by the Issuer) inform the Issuer of the serial numbers of the Securities of such
series (or portions thereof) so selected. The Trustee, in the name and at the expense of the Issuer (or the Issuer, if it shall so request the Trustee in writing), shall cause notice of redemption of the Securities of such series to be given in
substantially the manner provided in Section 12.02 (and with the effect provided in Section 12.03) for the redemption of Securities of such series in part at the option of the Issuer. The amount of any sinking fund payments not so applied
or allocated to the redemption of Securities 

  
 52 

 
of such series shall be added to the next cash sinking fund payment for such series and, together with such payment, shall be applied in accordance with the provisions of this Section. Any and
all sinking fund moneys held on the stated maturity date of the Securities of any particular series (or earlier, if such maturity is accelerated), which are not held for the payment or redemption of particular Securities of such series, shall be
applied, together with other moneys, if necessary, sufficient for the purpose, to the payment of the principal of, and interest on, the Securities of such series at maturity. The Issuer’s obligation to make a mandatory or optional sinking fund
payment shall automatically be reduced by an amount equal to the sinking fund redemption price allocable to any Securities or portions thereof called for redemption pursuant to the preceding paragraph on any sinking fund payment date and converted
into Common Stock in accordance with the terms of such Securities; provided that, if the Trustee is not the conversion agent for the Securities, the Issuer or such conversion agent shall give the Trustee written notice on or prior to
the date fixed for redemption of the principal amount of Securities or portions thereof so converted. 
 On or before each sinking fund
payment date, the Issuer shall pay to the Trustee in cash or shall otherwise provide for the payment of all interest accrued to the date fixed for redemption on Securities to be redeemed on such sinking fund payment date. 

The Trustee shall not redeem or cause to be redeemed any Securities of a series with sinking fund moneys or give any notice of redemption of
Securities for such series by operation of the sinking fund during the continuance of a default in payment of interest on such Securities or of any Event of Default except that, where providing notice of redemption of any Securities shall
theretofore have been made, the Trustee shall redeem or cause to be redeemed such Securities, provided that it shall have received from the Issuer a sum sufficient for such redemption. Except as aforesaid, any moneys in the sinking fund for such
series at the time when any such default or Event of Default shall occur, and any moneys thereafter paid into the sinking fund, shall, during the continuance of such default or Event of Default, be deemed to have been collected under Article 5 and
held for the payment of all such Securities. In case such Event of Default shall have been waived as provided in Section 5.10, or the default cured on or before the 60th day preceding the sinking fund payment date in any year, such moneys shall
thereafter be applied on such sinking fund payment date in accordance with this Section to the redemption of such Securities. 

[Signature pages follow] 

  
 53 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of
                    . 
  

			
	GENERATION BIO CO.
		
	By:	 	  

		 	 Name:
 Title:

	
	Attest:
		
	By:	 	  

		 	 Name:
 Title:

	
	                    , Trustee
		
	By:	 	  

		 	 Name:
 Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}]]