Document:

EX-4.6

 Exhibit 4.6 

FINCO SHAREHOLDERS’ DEED 

DATED 
 5 NOVEMBER 2016

 By and between 

VIP-CKH IRELAND LIMITED 

and 
 VIMPELCOM
LUXEMBOURG HOLDINGS S.à R.L. 
 and 

HUTCHISON EUROPE TELECOMMUNICATIONS S.à R.L. 

and 
 VIMPELCOM LTD.

 and 
 CK
HUTCHISON HOLDINGS LIMITED 
  
 

 
 Allen & Overy LLP 

0102103-0000029 CO:28063440.1 

 CONTENTS 
  

							
	Clause	 	 	  	Page	 
			
	 1.
	 	Definitions and Interpretation	  	 	5	 
	 2.
	 	Business and Objectives	  	 	5	 
	 3.
	 	Compliance with and Precedence of this deed	  	 	5	 
	 4.
	 	Board Composition and Corporate Governance	  	 	6	 
	 5.
	 	Governance	  	 	7	 
	 6.
	 	Reserved Matters	  	 	7	 
	 7.
	 	Conflict of Interests	  	 	7	 
	 8.
	 	Intentionally BLANK	  	 	8	 
	 9.
	 	Information Rights	  	 	8	 
	 10.
	 	Compliance	  	 	9	 
	 11.
	 	Funding and Issues of Securities	  	 	9	 
	 12.
	 	Disposals in compliance with the H3G II Shareholders’ Deed, the Constitution and the H3G II Articles	  	 	9	 
	 13.
	 	General Provisions Relating to Issue and Transfer of Shares	  	 	9	 
	 14.
	 	Warranties	  	 	10	 
	 15.
	 	Compliance with law	  	 	10	 
	 16.
	 	Waiver of Right to Seek Liquidation	  	 	12	 
	 17.
	 	Term and Termination	  	 	12	 
	 18.
	 	Confidentiality	  	 	13	 
	 19.
	 	VIP Guarantee	  	 	15	 
	 20.
	 	HET Guarantee	  	 	17	 
	 21.
	 	Notices	  	 	18	 
	 22.
	 	FinCo Bank Account	  	 	20	 
	 23.
	 	General	  	 	20	 
	 24.
	 	Invalid Terms	  	 	22	 
	 25.
	 	Jurisdiction	  	 	22	 
	 26.
	 	Governing Law	  	 	23	 

							
	 Schedule
	  	Page	 
			
	 1.
	 	FinCo	  	 	24	 
	 2.
	 	Board Meetings	  	 	25	 
	 3.
	 	Shareholder Meetings	  	 	27	 
	 4.
	 	Reserved Matters	  	 	28	 
	 5.
	 	Form of Deed of Adherence	  	 	29	 
	 6.
	 	Trigger Event Provisions	  	 	31	 
	 7.
	 	Definitions and Interpretation	  	 	33	 
			
	 Signatories
	 		  	 	36	 
		
	Documents in the Agreed Form	  	 	 
			
	 1.
	 	 Constitution
	  	 	41	 

 THIS DEED is made on 5 November 2016 

BETWEEN: 
  

	(1)	VIP-CKH IRELAND LIMITED, a private company limited by shares incorporated under the laws of the Republic of Ireland, having its registered office at 70 Sir
John Rogerson’s Quay, Dublin 2, Ireland and registered with the Irish Companies Registration Office under number 588489 (FinCo); 

  

	(2)	VIMPELCOM LUXEMBOURG HOLDINGS S.à R.L., a sociėtė à responsabilitė limitėe
incorporated under the laws of the Grand Duchy of Luxembourg having its registered office at 15, rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg registered with the Luxembourg trade companies
register under number B199019 (VIP); 

  

	(3)	HUTCHISON EUROPE TELECOMMUNICATIONS S.à R.L., a sociėtė à responsabilitė limitėe
incorporated under the laws of the Grand Duchy of Luxembourg having its registered office at 7, rue du Marché-aux-Herbes,
L-1728 Luxembourg, Grand Duchy of Luxembourg registered with the Luxembourg trade companies under number B74649 (HET); 

 

	(4)	VIMPELCOM LTD., an exempted company limited by shares incorporated under the laws of Bermuda having its registered office at Victoria Place, 31 Victoria Street, Hamilton HM 10, Bermuda registered with the
Registrar of Companies in Bermuda under number 43271 and having its principal executive offices of Claude Debussylaan 88, 1082 MD, Amsterdam, the Netherlands (VIP Guarantor); and 

 

	(5)	CK HUTCHISON HOLDINGS LIMITED, an exempted company incorporated under the laws of the Cayman Islands whose principal place of business is 12th Floor, Cheung Kong Center, 2 Queen’s Road
Central, Hong Kong registered with the Registrar of Companies in the Cayman Islands under number MC-294571 (HET Guarantor). 

BACKGROUND: 
  

	(A)	Details of FinCo are set out in Schedule 1. 

  

	(B)	The parties have agreed that FinCo is to be owned, controlled, managed and financed on the terms set out in this deed. 

  

	(C)	H3G II, VimpelCom Amsterdam B.V., the VIP Guarantor, HET and the HET Guarantor entered into the Contribution and Framework Agreement on 6 August 2015 in order, among other things, for VIP and HET to create a joint
venture whereby VIP and HET directly own H3G II and FinCo. 

  

	(D)	The VIP Guarantor is the ultimate holding company of VIP and is willing to guarantee the obligations of VIP under this deed. 

  

	(E)	The HET Guarantor is the ultimate holding company of HET and is willing to guarantee the obligations of HET under this deed. 

  

	(F)	In consideration of the mutual promises of each of the parties and the contributions they undertake to make and have made to the Business, the parties agree to enter into this deed to govern their relationship and to
set out and agree upon the governance arrangements of FinCo. 

  
 4 

 IT IS AGREED as follows: 

 

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Save as defined in this deed, terms defined and used in the shareholders’ deed dated 6 August 2015 between, amongst others, H3G II, VIP, HET, the VIP Guarantor and the HET Guarantor and as amended from time to
time (the H3G II Shareholders’ Deed) have the same meaning when used in this deed. 

  

	1.2	In addition to terms defined elsewhere in the H3G II Shareholders’ Deed and in this deed, the definitions and other provisions in Schedule 7 apply throughout this deed. 

 

	1.3	In this deed, unless the contrary intention appears, a reference to a clause, subclause, paragraph, or schedule is a reference to a clause, subclause, paragraph, or schedule of or to this deed. The schedules form part
of this deed. 

  

	1.4	The headings in this deed do not affect its interpretation. 

  

	2.	BUSINESS AND OBJECTIVES 

  

	2.1	Business of FinCo 

 The parties acknowledge and agree that the sole
objective and business of FinCo is to hold the FinCo Loan and to return value to the Shareholders upon receipt of repayment of the FinCo Loan (the Business). 
  

	2.2	Management and control of FinCo 

 The management and control
of FinCo shall be exercised in Ireland and the Shareholders shall use all reasonable endeavours to ensure that FinCo is treated for all purposes, including taxation, as resident only in Ireland. 

 

	3.	COMPLIANCE WITH AND PRECEDENCE OF THIS DEED 

  

	3.1	General undertaking 

 Each Shareholder shall exercise all powers and rights
available to that Shareholder as a holder of Shares and such other rights and powers available to that Shareholder from time to time in order to give effect to the provisions of this deed and to ensure that FinCo complies with each of its respective
obligations under this deed. References in this deed to the Shareholders procuring that FinCo performs its obligations are to be interpreted accordingly. 
  

	3.2	H3G II Shareholders’ Deed prevails over Deed and Constitution 

Each Shareholder agrees that if any provision of this deed or the Constitution at any time conflicts or is inconsistent with the provisions of
the H3G II Shareholders’ Deed, provided that such provisions of the H3G II Shareholders’ Deed do not conflict with and are not inconsistent with any applicable law: (i) the provisions of the H3G II Shareholders’ Deed are to
prevail between the parties to the extent of the conflict or inconsistency, (ii) the Constitution will be taken to be read and interpreted accordingly, and (iii) the Constitution shall be amended to the extent necessary in accordance with
clause 3.4. 
  

	3.3	Deed prevails over Constitution 

 Each Shareholder agrees that if
any provision of the Constitution at any time conflicts or is inconsistent with the provisions of this deed, provided that such provisions of this deed do not conflict with and are not inconsistent with any applicable law: (i) the provisions of
this deed are to 

  
 5 

 
prevail between the parties to the extent of the conflict or inconsistency, (ii) the Constitution will be taken to be read and interpreted accordingly, and (iii) the Constitution shall
be amended to the extent necessary in accordance with clause 3.4. 
  

	3.4	Amendments to Constitution 

 For the entire duration of this deed, the
Constitution shall be and shall remain in accordance with the provisions of this deed (as may be amended from time to time) to the maximum extent permitted by applicable law. 
  

	4.	BOARD COMPOSITION AND CORPORATE GOVERNANCE 

  

	4.1	Number of Directors 

 The number of Directors shall, from time to time, be
two. 
  

	4.2	Appointment and replacement of Directors 

 Each of the Major
Shareholders (each an Appointer) may each from time to time: 
  

	 	(a)	appoint one Director; and 

  

	 	(b)	remove its Director appointed by it in accordance with paragraph (a) and appoint another in his/her place, above by notice in writing sent to FinCo and to the other Directors, 

provided that the Major Shareholders undertake that they shall not appoint a Director who is ineligible to be a director under any applicable
law or any provision of the Constitution or is a Sanctioned Person and shall promptly take all steps necessary to replace any Director who becomes ineligible or a Sanctioned Person. 

 

	4.3	Removal of Directors 

  

	 	(a)	Notwithstanding any other provision of this deed, a person will be removed as a Director if the person is, or becomes, ineligible to be a Director under any applicable law or any provision of the Constitution or is, or
becomes, a Sanctioned Person. 

  

	 	(b)	Notwithstanding any other provision of this deed, a Director will be removed as a Director if such Director’s Appointer ceases to be a (i) party to this deed or (ii) Major Shareholder. 

 

	 	(c)	The Appointer shall indemnify FinCo against any Loss arising as a result of or in connection with its Director’s removal from office. 

 

	4.4	Remuneration for Directors 

 Unless otherwise agreed by the Major
Shareholders, compensation for each Director shall be up to €5,000 per annum, plus reasonable travel and accommodation expenses. All such compensation and expenses shall be borne by FinCo. 

 

	4.5	Chairman 

 There shall be no chairman. 

  
 6 

	4.6	Board meetings 

 Unless otherwise approved by the Board, meetings of the Board
shall be held and conducted in accordance with the provisions of Schedule 2. 
  

	4.7	Shareholder meetings 

 Shareholder meetings shall be held and conducted in
accordance with the provisions of Schedule 3. 
  

	5.	GOVERNANCE 

 Subject to the Reserved Matters, the Board shall make decisions on all
matters. 
  

	6.	RESERVED MATTERS 

  

	6.1	Matters requiring Shareholder Approval 

 Each Shareholder undertakes
to exercise all its voting powers as a Shareholder and FinCo undertakes to exercise all its respective powers and rights so as to ensure that it does not do any of the things listed in Schedule 4 without the prior written approval of each Major
Shareholder. 
  

	6.2	Manner of giving Shareholder Approval 

 Any approval under
clause 6.1 by a Major Shareholder may be given on behalf of that Major Shareholder by: 
  

	 	(a)	notice in writing executed by or on behalf of that Major Shareholder; or 

  

	 	(b)	the affirmative vote of that Major Shareholder at a general meeting of the Shareholders, 

 in
each case stating that the notice or vote, as the case may be, constitutes the approval of that Major Shareholder for the purposes of clause 6.1 of this deed. 
  

	7.	CONFLICT OF INTERESTS 

 Directors’ Interests and voting rights 

If a Director has an Interest in any matter which is reasonably likely to conflict with the interests of FinCo or the Business (as applicable)
and which is to be considered or voted upon at a Board meeting or which is to be the subject of a written resolution of the Directors, the Director shall, prior to the relevant matter being decided by the Board, declare the Interest to each other
Director setting out, in all material respects, the nature and extent of the Interest and the relation of the Interest to the affairs of FinCo or the Business. Whether or not a Director complies with its obligations under this paragraph, the
Director: 
  

	 	(a)	is entitled to attend or participate in any discussion on matters that relate to the Interest; 

  

	 	(b)	is entitled to receive all information and advice received by the other Directors on matters that relate to the Interest; 

  

	 	(c)	is entitled to vote (and be counted in a quorum at a meeting) on matters that relate to the Interest; and 

  

	 	(d)	is entitled to retain benefits under any transaction relating to the Interest and FinCo cannot avoid any such transaction merely because of the existence of the Interest. 

  
 7 

	8.	INTENTIONALLY BLANK 

  

	9.	INFORMATION RIGHTS 

  

	9.1	Accounts, periodic reporting and other information 

  

	 	(a)	FinCo shall: 

  

	 	(i)	maintain accurate and complete accounting and other financial records in accordance with all applicable laws; and 

  

	 	(ii)	provide such financial accounts, reports and information to the Shareholders as the Shareholders may reasonably request for the purposes of the Shareholders group’s legal, regulatory or other internal requirements
from time to time. 

  

	 	(b)	The financial accounts of FinCo shall be prepared in accordance with all applicable law and accounting principles and practices generally accepted in Ireland. 

 

	 	(c)	To the extent necessary to comply with regulatory requirements and at the request of a Shareholder, FinCo shall prepare financial accounts in accordance with the required accounting standards and have them audited in
accordance with the required auditing standards in a time period necessary to meet such regulatory requirements (including, without limitation, audit requirements) within a reasonable period of time following such request. For the avoidance of
doubt, these requirements will not affect the financial accounts of FinCo referred to in (b) above. 

  

	9.2	Access to FinCo books, records and other information 

Subject to clause 9.3, FinCo shall give each Major Shareholder and each Director (without prejudice to any rights they may have under
applicable law) reasonable access on reasonable notice to: 
  

	 	(a)	inspect the assets of FinCo (if any); and 

  

	 	(b)	inspect and take copies of documents relating to FinCo, including the statutory registers and all accounting and other financial records. 

 

	9.3	Exceptions to Shareholder access rights 

 Nothing in clause
9.2 requires FinCo to give any person access to information if to do so would, in the reasonable opinion of any Major Shareholder or of the Board: 
  

	 	(a)	constitute a breach by FinCo of any obligation of confidentiality owed to a third party or imposed by law provided that FinCo shall use its best efforts to permit disclosure of such information; or 

 

	 	(b)	materially disrupt, or have a material adverse effect on, the business or operations of FinCo. 

  

	9.4	Disclosure of information 

 Subject to all applicable laws, a Director is
entitled to pass information concerning FinCo to his / her Appointer or any of his / her Appointer’s Affiliates or Representatives who need to know that information for the proper performance of their duties, so long as each recipient keeps
that information confidential in accordance with clause 18. 

  
 8 

	10.	COMPLIANCE 

 FinCo shall take all reasonable steps to obtain, and shall comply in all
material respects with the terms of, all governmental and other licences and consents necessary for the conduct of its business. 
  

	11.	FUNDING AND ISSUES OF SECURITIES 

  

	11.1	Limited obligations to provide funding 

  

	 	(a)	Each Shareholder shall be required to subscribe for Shares: 

  

	 	(i)	in accordance with the provisions set out in the Contribution and Framework Agreement; or 

  

	 	(ii)	to provide equity for FinCo’s day-to-day running costs, including (but not limited to) Directors’ travel and accommodation
expenses, audit costs and business registration costs; and 

  

	 	(b)	Subject to paragraph (a) above, no Shareholder shall be obliged to: 

  

	 	(i)	contribute any funds (whether in the form of debt or equity) to FinCo; or 

  

	 	(ii)	give any security or provide any guarantee on behalf of or for the benefit of FinCo. 

  

	11.2	Permitted issues 

 FinCo shall not issue any Securities unless the issue has
received Shareholder Approval in accordance with clause 6.1. 
  

	11.3	Pre-emption on issue 

 The
provisions of clause 13.3 of the H3G II Shareholders’ Deed shall apply mutatis mutandis to this deed save that references to the “Company” shall be construed as references to “FinCo”. 

 

	12.	DISPOSALS IN COMPLIANCE WITH THE H3G II SHAREHOLDERS’ DEED, THE CONSTITUTION AND THE H3G II ARTICLES 

No Major Shareholder may Dispose of any of its Shares at any time unless: 

 

	 	(a)	any transferee first executes and delivers to FinCo and the remaining Shareholders a Deed of Adherence; and 

  

	 	(b)	such Disposal is carried out in compliance with clauses 14, 15 and 19 of the H3G II Shareholders’ Deed, the Constitution and the H3G II Articles. 

 

	13.	GENERAL PROVISIONS RELATING TO ISSUE AND TRANSFER OF SHARES 

  

	13.1	Registration of issues and transfers of Shares 

FinCo shall not issue any Shares or register the transfer of any Shares unless: 

 

	 	(a)	the issue or transfer is made in accordance with this deed and the provisions of the H3G II Shareholders’ Deed, the Constitution and the H3G II Articles; and 

 

	 	(b)	any transferee first executes and delivers to FinCo and the remaining Shareholders a Deed of Adherence. 

  
 9 

	13.2	Share certificates and Share register 

 Each Share
certificate issued by FinCo and the Share register of FinCo shall include a statement that: 
 “Transfer and disposal of shares in the
company are subject to the restrictions contained in the FinCo Shareholders’ Deed relating to the company dated ● and the Constitution of the company.” 
  

	14.	WARRANTIES 

 Each party warrants to each other party on the date of this deed that each
of the following statements is true, accurate and not misleading: 
  

	 	(a)	it is a corporation validly existing under the laws of the place of its incorporation; 

  

	 	(b)	it has the power to execute and deliver, and to perform its obligations under, this deed to which it is or will be a party, and it has taken all necessary corporate action to authorise such execution and delivery and
the performance of such obligations; 

  

	 	(c)	its obligations under this deed are legal, valid, binding and enforceable in accordance with their terms; 

  

	 	(d)	the execution and delivery by it of this deed and the performance of its obligations under it does not and will not conflict with or constitute a default under any provision of: 

 

	 	(i)	any agreement or instrument to which it is a party; 

  

	 	(ii)	its constitution (if any); or 

  

	 	(iii)	any law, order, judgment, award, injunction, decree, rule or regulation by which it is bound; and 

  

	 	(e)	no Insolvency Event has occurred in relation to it. 

  

	15.	COMPLIANCE WITH LAW 

  

	15.1	All party obligations 

 Each party undertakes to each other party that:

  

	 	(a)	it will not take any action which would result in it, any other party (including FinCo) being in contravention of any law or regulation (including, without limitation, any applicable anti-bribery, anti-corruption,
anti-money laundering, trade control laws or Economic Sanctions Laws); 

  

	 	(b)	to the extent that it has not already done so, it will establish and at all times maintain in place adequate procedures designed to prevent any Representative or person who provides services to it from undertaking any
conduct that would contravene or otherwise give rise to an offence being committed by it, any other party (including FinCo) under any applicable anti-bribery and/or anti-corruption and/or money laundering laws (Anti-Corruption
Policies); 

  
 10 

	 	(c)	no action it undertakes in the exercise of its rights and performance obligations under this deed shall cause it, any other party (including FinCo) to be in contravention of any law or regulation (including, without
limitation, any applicable anti-bribery, anti-corruption, anti-money laundering, trade control or Economic Sanctions Laws); and 

  

	 	(d)	during any period in which it or any of its Affiliates becomes a Sanctioned Person, the exercise of such party’s right to receive Dividends or any other distribution in respect of Shares held by it shall be
suspended to the extent that such payment of Dividends would be prohibited by any applicable Economic Sanctions Laws, in which case any such Dividend which would otherwise have been payable to such party shall either (i) be held by FinCo on
behalf of such party (without any obligation to pay interest) until such time as the party’s right to receive Dividends or any other distribution in respect of its Shares is no longer suspended in accordance with paragraph (d), or (ii) on
the request of the party entitled to payment of the Dividend be credited to a frozen (or blocked) account belonging to the relevant party if such frozen (or blocked) account is in compliance with applicable Economic Sanctions Laws.

  

	15.2	Distributions 

  

	 	(a)	The parties agree that FinCo shall not be restricted or prevented from declaring or paying any Dividend or other fees to a Shareholder by reason only of: 

 

	 	(i)	any other Shareholder or any of its Affiliates being a Sanctioned Person or being directly or indirectly owned or controlled by a Sanctioned Person; 

 

	 	(ii)	a Sanctioned Person holding an interest in any other Shareholder; or 

  

	 	(iii)	any other matter which does or may constrain FinCo from making a payment to any other Shareholder. 

  

	 	(b)	The parties agree that during any period in which a Shareholder or its Affiliates becomes a Sanctioned Person, any Director or Shareholder voting rights in respect of the Shares held by that Shareholder, its Affiliates
or Directors nominated by it will be suspended in relation to any matters relating to the payment of Dividends including the ability to object to such Dividends in accordance with clause 6.1. 

 

	 	(c)	The parties agree to take all action necessary to ensure that paragraphs (a) and (b) are enforceable including, without limitation, reflecting such clause in the Constitution. 

 

	15.3	FinCo obligations 

  

	 	(a)	FinCo shall comply with its Anti-Corruption Policies and shall keep them under regular review in order to ensure that they continue to meet the requisite standard for adequate procedures. 

 

	 	(b)	FinCo may at any time, and shall within 20 Business Days of a reasonable request by a Shareholder, prepare draft amendments to the Anti-Corruption Policies which it shall submit to each Shareholder. Each Shareholder
shall consider in good faith any draft amendments to the Anti-Corruption Policies submitted to it under this clause and shall in good faith take appropriate steps with a view to it and the other Shareholder agreeing revised Anti-Corruption Policies
(with such amendments as it and the other Shareholder may agree) as soon as reasonably practicable. 

  

	 	(c)	Nothing in this deed shall prevent FinCo from complying with any applicable law (including any Economic Sanctions Law) to which it is or becomes subject. 

  
 11 

	16.	WAIVER OF RIGHT TO SEEK LIQUIDATION 

 To the extent permissible by applicable law, each
Shareholder agrees, confirms and acknowledges that it shall be wholly and irrevocably barred from seeking a liquidation, winding up or otherwise of FinCo in the event of a deadlock between the Shareholders, including, without limitation, on a
refusal or failure to consent to a Reserved Matter or failure to attend a meeting of the Shareholders. 
  

	17.	TERM AND TERMINATION 

  

	17.1	Term 

 This deed takes effect on the date of this deed (save for clause 17.4 and Schedule
6 which take effect upon a Trigger Event occurring) and continues until terminated in accordance with clause 17.2. 
  

	17.2	Circumstances for termination 

 Subject to clause 17.3, this deed
terminates in respect of the rights and obligations of all parties: 
  

	 	(a)	subject to clause 16, on the date on which FinCo is wound up; 

  

	 	(b)	on the date on which the H3G II Shareholders’ Deed terminates in accordance with clause 24.2 of the H3G II Shareholders’ Deed; 

 

	 	(c)	on the date on which FinCo distributes all cash due and payable under the FinCo Loan as a result of full repayment of the FinCo Loan in accordance with the relevant Reserved Matter in full; or 

 

	 	(d)	on the date on which all the Shareholders agree in writing. 

  

	17.3	Effect of termination 

 If this deed terminates in accordance with clause
17.2 or certain provisions terminate in accordance with clause 17.4 in respect of the rights and obligations of any party: 
  

	 	(a)	except as provided in clause 17.3(c) that party is released from its obligations to further perform this deed or those provisions (as applicable); 

 

	 	(b)	each party retains all rights that it has against each other party in respect of any breach of this deed or those provisions (as applicable) occurring before termination and, for the avoidance of doubt, any rights
pursuant to clause 19 and 20 shall survive in respect of any such breach of this deed occurring before termination; and 

  

	 	(c)	the provisions of and the rights and obligations of each party under this clause 17.3 and each of the Surviving Clauses survive termination of this deed. 

 

	17.4	Trigger Event for termination of certain provisions 

Upon a Trigger Event occurring: 
  

	 	(a)	the provisions of clauses 2 to 7, 9 (other than paragraph 9.1), 10, 11.2, 12 and 16, together with Schedule 1 to Schedule 3 and Schedule 4 (other than paragraph 1), will automatically terminate and cease to have any
effect thereafter and clause 17.3 shall apply in respect of these terminated provisions; 

  
 12 

	 	(b)	for the avoidance of doubt all other provisions of this deed, namely, the Surviving Clauses and clauses 9.1, 11 (other than paragraph 11.2 and in accordance with clause 11.3
(Pre-emption on issue) as it applies mutatis mutandis to clause 13.3 of the H3G II Shareholders’ Deed that clause 13.3(e) shall not apply upon a Trigger Event), 13 to 15, this clause 17,
clauses 19 to 20, paragraph 1 of Schedule 4, Schedule 5 and Schedule 7 subject to paragraph (c) below, shall remain in full force and effect notwithstanding such termination; 

 

	 	(c)	Schedule 7 shall remain in full force and effect notwithstanding such termination but subject to the following amendments with effect from the Trigger Event namely, to the deletion of those defined terms that are no
longer applicable to the provisions set out in paragraph (b) above (and appropriate consequential amendments being made to the definition cross-referencing); and 

 

	 	(d)	the provisions contained in Schedule 6 shall come into force upon a Trigger Event occurring. 

  

	18.	CONFIDENTIALITY 

  

	18.1	Confidentiality obligations 

 Except as permitted by this clause 18: 

 

	 	(a)	each Shareholder shall keep confidential: 

  

	 	(i)	all information made available to it by or on behalf of FinCo or by a Director under clause 9.4 (whether before, on or after the date of this deed and whether in writing, orally, electronically or in any other form or
medium) which relates to the past, present or future business, operations or affairs of FinCo; 

  

	 	(ii)	all information made available to it by or on behalf any other Shareholder (whether before, on or after the date of this deed and whether in writing, orally, electronically or in any other form or medium) in connection
with the arrangements contemplated by this deed; 

  

	 	(iii)	any information of a secret or confidential nature relating to, or to the business or affairs of, FinCo; and 

  

	 	(iv)	the existence, terms and subject matter of, and the negotiations relating to, this deed and each other Transaction Document, 

and shall not disclose or cause or permit the disclosure to any person of any such information, or use any such information for any purpose
other than exercising its rights or performing its obligations under this deed or monitoring and making decisions regarding its investment in FinCo; and 
  

	 	(b)	FinCo shall keep confidential: 

  

	 	(i)	all information made available to it by or on behalf of any Shareholder (whether before, on or after the date of this deed and whether in writing, orally, electronically or in any other form or medium) in connection
with the arrangements contemplated by this deed; and 

  

	 	(ii)	the existence, terms and subject matter of, and the negotiations relating to, this deed and each other Transaction Document, 

  
 13 

 and shall not disclose or cause or permit the disclosure to any person of any such information,
or use any such information for any purpose other than conducting the Business or exercising its rights or performing its obligations under this deed. 
  

	18.2	Excluded information 

 Clause 18.1 does not apply to any information which: 

 

	 	(a)	is in or comes into the public domain, except through a breach of this clause 18 or through a breach by any person of any other obligation of confidentiality known to the disclosing party; or 

 

	 	(b)	at the time it was disclosed by one party to another was already in the lawful possession of the second party and not held by the second party subject to an obligation of confidentiality. 

 

	18.3	Disclosure to Representatives 

 Nothing in clause 18.1 prevents any party
from disclosing information to any of its Affiliates or Representatives if: 
  

	 	(a)	the information needs to be disclosed: 

  

	 	(i)	to enable that party to exercise its rights or perform its obligations under this deed including a Disposal of Stapled Interests permitted in accordance with the terms of this deed; or 

 

	 	(ii)	where the party is a Shareholder, to enable that Shareholder to monitor and make decisions regarding its investment in FinCo; and 

  

	 	(b)	before disclosure is made that party has informed the relevant Affiliates or Representative in writing that the information is confidential and shall only be used for the purpose for which it was disclosed,

 provided that any Affiliate or Representative receiving information under this clause 18.3 has undertaken to comply with the
confidentiality obligations under this clause 18 as if those obligations were imposed directly on the relevant Affiliate or Representative, and the party disclosing such information shall ensure that any such Affiliate or Representative to whom
information is so disclosed strictly complies with such obligations. 
  

	18.4	Required disclosure 

 Nothing in clause 18.1 prevents a party or any of its
Affiliates or Representatives from disclosing information if disclosure is required by law or regulation (except to the extent the requirement can be excluded or limited by contract or by a confidentiality obligation), any tribunal or court of
competent jurisdiction, any Government Agency or the listing rules of any recognised securities exchange. Before any disclosure is made under this clause 18.4, the party that is, or whose Affiliate or Representative is, required to make disclosure
shall, to the extent permitted by law and the relevant disclosure requirement: 
  

	 	(a)	notify the party that made the relevant information available to it (the Discloser) and each other party as soon as reasonably practicable after it becomes aware that disclosure is required; 

  
 14 

	 	(b)	take all steps reasonably required by the Discloser to prevent or restrict the disclosure of that information; and 

  

	 	(c)	co-operate with the Discloser regarding the timing and content of such disclosure. 

For the purposes of this clause 18.4, where the information required to be disclosed is the existence, terms or subject matter of, or the
negotiations relating to, this deed, references to the Discloser are taken to be references to each other party. 
  

	18.5	Permitted disclosure 

 Nothing in clause 18.1 prevents a party from disclosing
information to the extent strictly required by, and subject always to the terms and conditions provided in, clause 12(b). 
  

	18.6	Legal proceedings 

 Nothing in clause 18.1 prevents a party from disclosing
information to the extent required to enable that party to enforce the provisions of this deed or to the extent necessary for the purpose of defending any proceedings brought against that party. 

 

	18.7	Advertisements and public announcements 

 Nothing in clause 18.1
prevents a party from disclosing information in any advertisement or public announcement containing information that is not in the public domain made with the written consent of each other party which in the case of any advertisement or public
announcement referring only to the existence or subject matter of this deed shall not be unreasonably withheld or delayed. 
  

	18.8	Outgoing Shareholder 

 If a Shareholder ceases to be a Shareholder, it shall
immediately: 
  

	 	(a)	deliver all documents or other materials in tangible form that are in its possession or control and that contain information of the type described in clause 18.1(a) to the party that made that information available to
it; 

  

	 	(b)	use all reasonable endeavours to permanently delete all information of the type described in clause 18.1(a) that has been stored on any computer, database or other electronic storage medium by it or on its behalf; and

  

	 	(c)	ensure that each of its Affiliates and Representatives to whom information has been provided under clause 18.3 does the same, 

except to the extent that the Shareholder or the relevant Affiliate or Representative is required to retain such information by law, the rules
of any regulatory authority or any mandatory professional standards rules or in accordance with its reasonable and bona fide internal compliance policies. 
  

	19.	VIP GUARANTEE 

  

	19.1	The VIP Guarantor unconditionally and irrevocably: 

  

	 	(a)	guarantees the payment when due of all amounts payable by VIP under or pursuant to this deed; 

  

	 	(b)	undertakes to ensure that VIP will perform when due all its obligations under or pursuant to this deed; 

  
 15 

	 	(c)	agrees that if and each time that VIP fails to make any payment when it is due under or pursuant to this deed, the VIP Guarantor must on demand (without requiring any party first to take steps against VIP or any other
person) pay that amount as if it were the principal obligor in respect of that amount; and 

  

	 	(d)	agrees as principal debtor and primary obligor to indemnify each other party against all Loss sustained by it flowing from any non-payment or default of any kind by VIP under or
pursuant to this deed. 

  

	19.2	The VIP Guarantor’s obligations under this clause 19 will not be affected by any matter or thing which but for this provision might operate to affect or prejudice those obligations, including without limitation:

  

	 	(a)	any time or indulgence granted to, or composition with, VIP or any other person; 

  

	 	(b)	the taking, variation, renewal or release of, or neglect to perfect or enforce this deed, or any right, guarantee, remedy or security from or against VIP or any other person; 

 

	 	(c)	any variation or change to the terms of this deed; or 

  

	 	(d)	any unenforceability or invalidity of any obligation of VIP, so that this deed shall be construed as if there were no such unenforceability or invalidity. 

 

	19.3	Until all amounts which may be or become payable under this deed have been irrevocably paid in full, the VIP Guarantor shall not as a result of this deed or any payment or performance under this deed be subrogated to
any right or security of any party or claim or prove in competition with any party against VIP or any other person or claim any right of contribution, set-off or indemnity. 

 

	19.4	The VIP Guarantor will not take or hold any security from VIP in respect of this deed and any such security which is held in breach of this provision will be held by the VIP Guarantor in trust for each other party.

  

	19.5	The VIP Guarantor shall indemnify each other party against any Loss arising as a result of or in connection with the enforcement of the VIP Guarantor’s obligations under this deed. 

 

	19.6	The VIP Guarantor warrants to each other party that: 

  

	 	(a)	it is a corporation validly existing under the laws of the place of its incorporation; 

  

	 	(b)	it has the power to execute and deliver, and to perform its obligations under, this deed and it has taken all necessary corporate action to authorise such execution and delivery and the performance of such obligations;

  

	 	(c)	its obligations under this deed are legal, valid, binding and enforceable in accordance with their terms; 

  

	 	(d)	the execution and delivery by it of this deed and the performance of its obligations under it does not and will not conflict with or constitute a default under any provision of: 

 

	 	(i)	any agreement or instrument to which it is a party; 

  

	 	(ii)	its constitution (if any); or 

  

	 	(iii)	any law, order, judgment, award, injunction, decree, rule or regulation by which it is bound; and 

  

	 	(e)	no Insolvency Event has occurred in relation to it. 

  
 16 

	20.	HET GUARANTEE 

  

	20.1	The HET Guarantor unconditionally and irrevocably: 

  

	 	(a)	guarantees the payment when due of all amounts payable by HET under or pursuant to this deed; 

  

	 	(b)	undertakes to ensure that HET will perform when due all its obligations under or pursuant to this deed; 

  

	 	(c)	agrees that if and each time that HET fails to make any payment when it is due under or pursuant to this deed, the HET Guarantor must on demand (without requiring any party first to take steps against HET or any other
person) pay that amount as if it were the principal obligor in respect of that amount; and 

  

	 	(d)	agrees as principal debtor and primary obligor to indemnify each other party against all Loss sustained by it flowing from any non-payment or default of any kind by HET under or
pursuant to this deed. 

  

	20.2	The HET Guarantor’s obligations under this clause 20 will not be affected by any matter or thing which but for this provision might operate to affect or prejudice those obligations, including without limitation:

  

	 	(a)	any time or indulgence granted to, or composition with, HET or any other person; 

  

	 	(b)	the taking, variation, renewal or release of, or neglect to perfect or enforce this deed, or any right, guarantee, remedy or security from or against HET or any other person; 

 

	 	(c)	any variation or change to the terms of this deed; or 

  

	 	(d)	any unenforceability or invalidity of any obligation of HET, so that this deed shall be construed as if there were no such unenforceability or invalidity. 

 

	20.3	Until all amounts which may be or become payable under this deed have been irrevocably paid in full, the HET Guarantor shall not as a result of this deed or any payment or performance under this deed be subrogated to
any right or security of any party or claim or prove in competition with any party against HET or any other person or claim any right of contribution, set-off or indemnity. 

 

	20.4	The HET Guarantor will not take or hold any security from HET in respect of this deed and any such security which is held in breach of this provision will be held by the HET Guarantor in trust for each other party.

  

	20.5	The HET Guarantor shall indemnify each other party against any Loss arising as a result of or in connection with the enforcement of the HET Guarantor’s obligations under this deed. 

 

	20.6	The HET Guarantor warrants to each other party that: 

  

	 	(a)	it is a corporation validly existing under the laws of the place of its incorporation; 

  

	 	(b)	it has the power to execute and deliver, and to perform its obligations under, this deed and it has taken all necessary corporate action to authorise such execution and delivery and the performance of such obligations;

  
 17 

	 	(c)	its obligations under this deed are legal, valid, binding and enforceable in accordance with their terms; 

  

	 	(d)	the execution and delivery by it of this deed and the performance of its obligations under it does not and will not conflict with or constitute a default under any provision of: 

 

	 	(i)	any agreement or instrument to which it is a party; 

  

	 	(ii)	its constitution (if any); or 

  

	 	(iii)	any law, order, judgment, award, injunction, decree, rule or regulation by which it is bound; and 

  

	 	(e)	no Insolvency Event has occurred in relation to it. 

  

	21.	NOTICES 

  

	21.1	Manner of giving notice 

 Any notice or other communication to be
given under this deed must be in writing and must be delivered by hand or courier using an internationally recognised courier company or sent by post or email (and if such notice or other communication is sent by email, then a copy must be delivered
by hand or courier using an internationally recognised courier company or sent by post as soon as reasonably practicable although the notice or other communication will deem to have been given by transmission of the email) to the party to whom it is
to be given at its address appearing in this deed as follows: 
  

	 	(a)	to FinCo at: 

  

			
	 Address:
	  	 Matsack Trust Limited

		  	 70 Sir John Rogerson’s Quay

		  	 Dublin 2

		  	 Ireland

	 Email:
	  	 matheson@matheson.com

	 For the attention of:
	  	 Derval Keane

 With a copy to VIP, the VIP Guarantor, HET and the HET Guarantor; 

 

	 	(b)	to VIP or the VIP Guarantor at: 

  

			
	 Address:
	  	 VimpelCom Ltd.

		  	 Claude Debussylaan 88

		  	 1082 MD Amsterdam

		  	 The Netherlands

 Email: Scott.Dresser@vimpelcom.com and Andrew.Davies@vimpelcom.com 

marked for the attention of Scott Dresser and Andrew Davies, 

with a copy to Andrew Ballheimer and Tom Levine of Allen & Overy LLP, One Bishops Square, London E1 6AD (email:
Andrew.Ballheimer@allenovery.com and Tom.Levine@Allenovery.com); and 

  
 18 

	 	(c)	to HET at: 

 Address: 

Hutchison Europe Telecommunications S.à r.l. 

S.7, rue du Marché-aux-Herbes 

L-1728 Luxembourg 

Grand Duchy of Luxembourg 
 Fax:
+352 2626 8181 
 marked for the attention of the Company Secretary, 

with a copy to the HET Guarantor, and David Sonter and Natasha Good of the HET solicitors (email: david.sonter@freshfields.com and
natasha.good@freshfields.com), 
  

	 	(d)	to the HET Guarantor at: 

 Address: 

22nd Floor, Hutchison House, 
 10
Harcourt Road, 
 Hong Kong 

Email: EdithS@chk.com.hk 
 Fax:
(852) 2128 1778 
 marked for the attention of Ms Edith Shih, 

and with a copy to David Sonter and Natasha Good of the HET solicitors (email: david.sonter@freshfields.com and
natasha.good@freshfields.com),or at any such other address notified in writing for this purpose to the other parties under this clause 19. Any notice or other communication sent by post shall be sent by prepaid ordinary recorded delivery post (if
the country of destination is the same as the country of origin) or by prepaid airmail (if the country of destination is not the same as the country of origin). 
  

	21.2	When notice given 

 Any notice or other communication is deemed to have
been given: 
  

	 	(a)	if delivered, on the date and at the time of delivery; or 

  

	 	(b)	if sent by post, on the second Business Day after it was put into the post; or 

  

	 	(c)	at the time of transmission if delivered by email, 

 but if the notice or other communication
would otherwise be taken to be received after 5.00 pm then the notice or communication is taken to be received at 9.00 am (local time at the place of receipt) on the next Business Day. 

 

	21.3	Proof of service 

 In proving service of a notice or other communication,
it is sufficient to prove that delivery was made or that the envelope containing the communication was properly addressed and posted either by prepaid post or by prepaid airmail. 

  
 19 

	21.4	Documents relating to legal proceedings 

 This clause 19 does
not apply in relation to the service of any claim form, statement of care, notice, order, judgment or other document relating to or in connection with any proceedings, suit or action arising out of or in connection with this deed. 

 

	22.	FINCO BANK ACCOUNT 

  

	22.1	FinCo shall maintain a bank account in Ireland. 

  

	22.2	Any payment of funds to be made to FinCo pursuant to this deed shall be effected by transfer of funds to the following account in FinCo or such other account as may be notified by FinCo for the purpose of any particular
payment: 

  

			
	Account name	  	CKH Ireland Finance Co Ltd
		
	Account number	  	40051576892034
		
	SWIFT Code:	  	MIDLGB22
		
	IBAN:	  	GB67MIDL40051576892034

  

	23.	GENERAL 

  

	23.1	Amendment 

 This deed may only be amended in writing and where the amendment is signed by
or on behalf of all the parties. 
  

	23.2	Assignment 

 None of the rights or obligations under this deed may be assigned,
transferred or otherwise dealt with by a party without the prior written consent of the other parties. No party shall grant, declare, create or dispose of any rights or interests in this deed without the prior written consent of all the other
parties. Any purported assignment in contravention of this clause 23.2 shall be void. 
  

	23.3	Costs 

 Except as otherwise expressly provided in this deed, each party shall pay the
costs and expenses incurred by it in connection with entering into and performing its obligations under this deed. 
  

	23.4	Directors’ indemnity 

 Subject to the provisions of and to the extent
permitted by applicable law, the parties shall ensure that each Director is indemnified out of the assets of FinCo against any liability incurred by him/her in the valid execution or discharge of his/her duties or the valid exercise of his/her
powers in connection with his/her duties, powers or office, but this indemnity shall not apply to any liability to the extent that it is recovered from any other person. 
  

	23.5	Sanctions 

 The parties acknowledge and agree that nothing in this deed will require any
other party to carry out any act or make any omission that may constitute or result in an actual breach of any Economic Sanction Law. 

  
 20 

	23.6	Entire agreement 

  

	 	(a)	This deed and the other Transaction Documents contain the whole agreement between the parties relating to the transactions contemplated by this deed and the Transaction Documents and supersede all previous draft
agreements, arrangements or understandings whether oral or in writing, between the parties relating to these transactions. 

  

	 	(b)	Each party: 

  

	 	(i)	acknowledges that in agreeing to enter into this deed and the other Transaction Documents it has not relied on any express or implied statement, representation, warranty, undertaking, collateral contract or other
assurance (except those warranties and undertakings set out in this deed and the other Transaction Documents) made by or on behalf of any other party before the entering into of this deed; 

 

	 	(ii)	waives all rights and remedies which, but for this clause 23.6, might otherwise be available to it arising under or in respect of any such express or implied statement, representation, warranty, undertaking, collateral
contract or other assurance; and 

  

	 	(iii)	acknowledges that, except for any liability in respect of a breach of this deed and the other Transaction Documents, no party shall owe any duty of care or have any liability in tort or otherwise to the other party in
relation to the subject matter of this deed. 

  

	 	(c)	Nothing in this clause limits or excludes any liability for fraud or fraudulent misrepresentation. 

  

	23.7	Execution in counterparts 

 This deed may be executed in any number of
counterparts and any party may enter into this deed by executing and delivering a counterpart. Each counterpart constitutes the agreement of the party who has executed and delivered that counterpart. Faxed or scanned signatures are taken to be valid
and binding to the same extent as original signatures. Delivery of a counterpart of this deed by e-mail attachment shall be an effective mode of delivery. 

 

	23.8	Exercise and waiver of rights 

 The rights of each party
under this deed: 
  

	 	(a)	may be exercised as often as necessary (in whole or in part); 

  

	 	(b)	except as otherwise expressly provided by this deed, are cumulative and not exclusive of rights and remedies provided by law; and 

  

	 	(c)	may be waived only in writing and specifically, 

 and delay in exercising or non-exercise of any such right is not a waiver of that right and will not affect any such right in relation to any other party. 
  

	23.9	No partnership or agency 

 Nothing in this deed or the Constitution
will be deemed to constitute a partnership between the parties or, unless this deed expressly provides otherwise, constitute any party the agent of any other party for any purpose. 

  
 21 

	23.10	Severability 

 The provisions contained in each clause are enforceable independently of
each other clause and the validity and enforceability of any clause will not be affected by the invalidity or unenforceability of any other clause. 
  

	23.11	No Third Party Rights 

 A person who is not a party to this deed may
not enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999. 
  

	24.	INVALID TERMS 

  

	24.1	Each of the provisions of this deed is severable. 

  

	24.2	If and to the extent that any provision of this deed: 

  

	 	(a)	is held to be, or becomes, invalid or unenforceable under the law of any jurisdiction; but 

  

	 	(b)	would be valid, binding and enforceable if some part of the provision were deleted or amended, 

then the provision shall apply with the minimum modifications necessary to make it valid, binding and enforceable and neither the validity or
enforceability of the remaining provisions of this deed, nor the validity or enforceability of that provision under the law of any other jurisdiction shall in any way be affected or impaired as a result of this clause 24.2. 

 

	25.	JURISDICTION 

  

	25.1	Governing law of this clause 

 This clause 25 is governed by
English law. 
  

	25.2	Jurisdiction 

 The English courts have exclusive jurisdiction to settle any Dispute and
each party irrevocably submits to the exclusive jurisdiction of the English courts and waives any objection to the exercise of that jurisdiction. 
  

	25.3	Service of process agent 

 Without prejudice to any other method of
service permitted by law, each of HET, VIP LuxCo, H3G II and FinCo shall at all times maintain an agent for service of process and any other documents in proceedings in England and Wales or any other proceedings in connection with this Deed.
That agent shall be: 
  

	 	(a)	in respect of HET and the HET Guarantor, Hutchison Whampoa Agents (UK) Limited, currently of Hutchison House, 5 Hester Road, London SW11 4AN, United Kingdom; 

 

	 	(b)	in respect of VIP LuxCo and the VIP Guarantor, Law Debenture Corporate Services Limited, currently of 5th Floor, Wood Street, London EC2V 7EX; and 

 

	 	(c)	in respect of FinCo, appointed as soon as reasonably practicable and upon such appointment, notified to the other parties. 

  
 22 

 Subject to clause 25.4, each party irrevocably undertake not to revoke its agent’s
authority; and any claim form, judgment or other notice of legal process shall be sufficiently served if delivered to: 
  

	 	(d)	in respect of HET, Hutchison Whampoa Agents (UK) Limited; 

  

	 	(e)	in respect of VIP LuxCo, Law Debenture Corporate Services Limited; and 

  

	 	(f)	in respect of FinCo, the agent appointed by it and notified to the other parties in accordance with sub-paragraph 12(iii) above, 

in each case at its address for the time being. Each of HET, VIP LuxCo, FinCo, the HET Guarantor and the VIP Guarantor waives any objection to
such service. 
  

	25.4	Alternative service of process agent 

 If any person
appointed as process agent under clause 25.3 is unable for any reason to so act, the relevant party shall immediately (and in any event within ten Business Days of the event taking place) appoint another agent in England and Wales for service of
process in relation to any Dispute and notify the other parties of such appointment. Failing this, any other party may appoint another process agent for this purpose at the relevant party’s expense. 

 

	25.5	Failure to notify by process agent 

 Each party agrees
that failure by a process agent to notify it of any process will not invalidate the relevant proceedings. 
  

	26.	GOVERNING LAW 

 This deed and any non-contractual
obligations arising out of or in connection with it are governed by English law. 
 THIS DEED has been executed by the parties (or their duly
authorised representatives) on the date stated at the beginning of this deed as a deed. 

  
 23 

 SCHEDULE 1 

FINCO 
  

			
	Company name:	  	VIP-CKH Ireland Limited
		
	Registered number:	  	588489
		
	Registered office:	  	70 Sir John Rogerson’s Quay, Dublin 2, Ireland
		
	Date and place of incorporation:	  	30 August 2016, Ireland
		
	Directors:	  	 Richard James
  

Frank Sixt

		
	Secretary:	  	Matsack Trust Limited
		
	Financial year end:	  	31 December
		
	Auditors:	  	PricewaterhouseCoopers LLP
		
	Issued shares (including identity of each shareholder and number of shares held by it):	  	 VimpelCom Luxembourg Holdings S.àr.l. – 25,150 ordinary shares

 
 Hutchison Europe Telecommunications S.àr.l. – 25,150 ordinary
shares

  
 24 

 SCHEDULE 2 

BOARD MEETINGS 
  

	1.	Frequency of meetings 

 The Board shall meet as frequently as necessary to allow it to
discharge its duties and in any case at least twice per calendar year and once every six months. 
  

	2.	Notice 

 Except in the case of (i) urgency as agreed between all Director (in which
case the notice convening the meeting shall indicate the nature of, and the reasons for, the urgency), or (ii) an express waiver by all the Directors, at least five Business Days’ written notice of each meeting of the Board shall be given
to each Director by or on behalf of a Director wishing to convene a meeting of the Board. 
  

	3.	Agenda 

 Either Director may add any item to the agenda for a Board meeting. A notice of
a Board meeting shall be accompanied by an agenda of all the business to be transacted at the meeting, as well as any supporting papers and documentation that has been put forward for the Board meeting by a Director or which may be deemed relevant
for such Board meeting. Any matter not on the agenda may be raised at the Board meeting by a Director present or represented at the Board meeting. 
  

	4.	Location 

 Each meeting of the Board shall be held in Ireland and all the Directors must
be physically present at any such meeting, unless exceptional circumstances apply (in which case, at least one Director must be physically present at any such meeting). 
  

	5.	Use of technology 

  

	5.1	The Board may, in exceptional cases only, conduct meetings to discuss matters and issues which are urgent by conference call, video conference, or by any other means which will enable each Director: 

 

	 	(a)	to be identified during the meeting; 

  

	 	(b)	to properly hear (or otherwise receive real-time communications made by) the other Director participating in the meeting; 

  

	 	(c)	to address (or otherwise communicate in real time with) the other Director participating in the meeting simultaneously; and 

  

	 	(d)	to properly deliberate and cast his/her vote, 

 even if both Directors are not physically
present in the same place at the relevant Board meeting. 
  

	5.2	A Board meeting held in this manner is taken to be held at the registered office of FinCo in Ireland, where the conference call or video conference, as the case may be, will have been initiated. 

 

	5.3	If a technological link fails, the Board meeting will be adjourned until the failure is rectified. 

  
 25 

	6.	Quorum 

  

	6.1	The quorum for the Board to validly deliberate is the presence in person (including participation in accordance with paragraph 5 above) of at least two Directors made up of at least one Director appointed by each
Shareholder, either present or represented at the Board meeting. 

  

	6.2	A Director may be represented by an alternate at any meeting of the Board. 

  

	6.3	If a quorum is not present at a Board meeting within 30 minutes of the time appointed for the start of the meeting, the meeting will be adjourned to the same time and place on the next day or as soon as reasonably
practicable thereafter (i.e. meeting at second call). If a quorum is not present at the reconvened meeting (i.e. meeting at second call) within 30 minutes of the time appointed for the start of the reconvened meeting, the meeting will be adjourned
to the same time and place on the next day or as soon as reasonably practicable thereafter (i.e. meeting at third call). 

  

	6.4	If the Director appointed by a Shareholder is not present in person (including participation in accordance with paragraph 5 above) at a meeting of the Board and the following reconvened meeting (i.e. respectively, the
meeting at first call and the meeting at second call), the quorum for the next reconvened meeting (i.e. the meeting at third call) of the Board shall be the presence (including participation in accordance with paragraph 5 above) of any one Director,
present at the Board meeting. 

  

	7.	Voting rights 

  

	7.1	Each Director is entitled to one vote on a Board resolution. 

  

	7.2	In the case of an equality of votes, no Director will have a second or casting vote. 

  

	8.	Board decisions 

  

	8.1	All resolutions at meetings of the Directors shall be decided unanimously. 

  

	8.2	Minutes (including original and copies) of meetings of the Board, and excerpts from such minutes, will be drafted in English and signed by both Directors. 

 

	9.	Written resolutions 

 Resolutions of the Board may, in exceptional cases only, be passed
in writing by way of unanimous written circular resolutions for matters and issues which are urgent, not significant or not material. Such resolutions will be drafted in English, and will consist of one or several counterparts containing the
resolutions of the Board, signed and dated by each Director, manually or sent by email with the original to follow, which will be deemed valid under Irish applicable law. The date of such unanimous written circular resolution will be the date of the
last signature by any Director as apposed on his counterpart. 

  
 26 

 SCHEDULE 3 

SHAREHOLDER MEETINGS 
  

	1.	Frequency and location of meetings 

  

	1.1	The Board may call a meeting of the Shareholders of FinCo in Ireland (a Shareholders’ Meeting) at a time and place the Board resolves, unless exceptional circumstances apply. 

 

	1.2	Each Major Shareholder may call a Shareholders’ Meeting by notice in writing to the other Shareholder(s). Unless the Shareholder(s) agree otherwise, at least 20 Business Days’ notice shall be given to each
Shareholder of any Shareholders’ Meeting (or 5 Business Days’ notice in the case of an adjourned meeting) which notice period must exclude the date of the notice and the date of the Shareholders’ Meeting unless all Shareholders agree
otherwise. 

  

	1.3	An annual Shareholders’ Meeting will be held each year at the registered office of FinCo in Ireland. 

  

	2.	Quorum 

  

	2.1	The quorum for a Shareholders’ Meeting is the presence in person, or by proxy, representative or attorney, of each Major Shareholder. 

 

	2.2	A Shareholder may act at any Shareholders’ Meeting by appointing another person, who need not be a Shareholder of FinCo, as its proxy in writing. 

 

	2.3	If a quorum is not present at a Shareholders’ Meeting within 30 minutes of the time appointed for the start of the Shareholders’ Meeting, the Shareholders’ Meeting will be adjourned to the same time and
place on the next day or as soon as reasonably practicable thereafter. If a quorum is not present at the reconvened Shareholders’ Meeting within 30 minutes of the time appointed for the start of the Shareholders’ Meeting, the
Shareholders’ Meeting will be dissolved. 

  

	3.	Voting rights 

 Each Shareholder is entitled to one vote for each Share of FinCo held by
that Shareholder. There shall be no class voting rights except as expressly provided for in the Constitution of FinCo. 
  

	4.	Shareholder decisions 

 A Shareholder resolution of FinCo may only be carried, subject to
mandatory provisions of applicable Irish law, the Constitution of FinCo and the Reserved Matters (in which case the relevant majority of Shares of FinCo set out in such provisions shall be required), if it is passed by Shareholders holding a
majority of the Shares of FinCo. 
  

	5.	Written resolutions 

 The Shareholders may, in exceptional cases only, pass a resolution
without a Shareholders’ Meeting being held if the requisite majority of the Shareholders entitled to vote on the resolution sign, or indicate their approval of, a document stating that they are in favour of the resolution set out in the
document. The proposed resolution may be circulated in advance to the Shareholders for approval. The document may be in counterparts, signed or approved by one or more Shareholders, and may be circulated by email. 

  
 27 

 SCHEDULE 4 

RESERVED MATTERS 
 The following actions
shall require the approval of the Major Shareholders: 
  

							
	1.	 	FinCo Loan	  	Demanding repayment, assigning, novating, factoring, amending, creating an Encumbrance over, modifying any terms or conditions of (including, without limitation, extending), paying as a dividend in kind or waiving its
rights under the FinCo Loan, including, without limitation, in respect of the principal or interest, thereunder;
				
	2.	 	Share issues and changes in share capital	  	(a)	  	The creation, allotment or issue of shares in the capital of FinCo or of any other security by FinCo or the granting of an option or right to subscribe in respect of those shares or other securities or convert any instrument into
those shares or other securities; or
				
		 		  	(b)	  	The reduction or alteration of the capital of FinCo (including, without limitation, a purchase by FinCo of its own shares or other securities);
			
	3.	 	Security interests and guarantees	  	The creation of a security interest or the provision of a guarantee of indebtedness by FinCo;
			
	4.	 	Distributions	  	The payment, determination or declaration by FinCo of a Dividend or other distribution;
			
	5.	 	Financing	  	The entry by any FinCo into any commercial paper facility, bank loans or any other financing (or series of financings with the same party or group of related parties whether at one time or over a period of 12 months) (a
Debt Finance Arrangement) or amendments to any existing Debt Finance Arrangement;
			
	6.	 	Constitution	  	The making of any amendment to the Constitution of FinCo;
			
	7.	 	Relocation	  	Any decision to relocate the principal office or change the jurisdiction of the tax residence of FinCo;
			
	8.	 	Accounting policies	  	Any change to the accounting policies of FinCo, other than where required by law or the applicable accounting standards or where the continuation of the existing policy would constitute a breach of such law or accounting
standards;
			
	9.	 	Board	  	Any change to the number of Directors;
			
	10.	 	Other agreed matters	  	Any other matter which the Shareholders agree is to be a Reserved Matter or which requires approval of the Shareholders as a matter of applicable law, in which case the Shareholders shall vote on such matter in
accordance with this deed.

  
 28 

 SCHEDULE 5 

FORM OF DEED OF ADHERENCE 
 THIS
DEED is made on ● 
 BY: [●] of [●] (the New Party). 

IN FAVOUR OF: Those persons specified in paragraph 4 of this deed]. 

BACKGROUND: 
  

	(A)	The New Party proposes to [purchase][subscribe for] [●] [ordinary] shares in the capital of [●] (the Company) [from [●]]. 

 

	(B)	This deed is made by the New Party in compliance with clause [14] of a shareholders’ deed dated [●] between the Company, VIP, HET, the VIP Guarantor and the HET Guarantor (the FinCo
Shareholders’ Deed). 

 THIS DEED WITNESSES as follows: 

 

	1.	The New Party confirms that it has been supplied with a copy of the FinCo Shareholders’ Deed. 

  

	2.	[The New Party hereby subscribes for [●] [ordinary shares] in the capital of the Company at a subscription price of [●] per share and agrees to become a member of the Company and to hold the shares subject
to the FinCo Shareholders’ Deed and the Constitution.] OR [The New Party has agreed to purchase from [insert seller party details] [●] [ordinary shares] in the capital of the Company at a purchase price
of [●] per share and agrees to become a member of the Company and to hold the shares subject to the FinCo Shareholders’ Deed and the Constitution.] 

  

	3.	The New Party undertakes to be bound by the FinCo Shareholders’ Deed in all respects as if the New Party was a party to the FinCo Shareholders’ Deed and named in it as a Shareholder and to observe and perform
all the provisions and obligations of the FinCo Shareholders’ Deed applicable to or binding on a Shareholder under the FinCo Shareholders’ Deed insofar as they fall to be observed or performed on or after the date of this deed.

  

	4.	This deed is made for the benefit of: 

  

	 	(a)	the parties to the FinCo Shareholders’ Deed; and 

  

	 	(b)	every other person who after the date of the FinCo Shareholders’ Deed (and whether before or after the execution of this deed) assumes any rights or obligations under the FinCo Shareholders’ Deed or accedes to
it. 

  

	5.	Unless otherwise defined herein, all capitalised terms used in this deed shall have the meanings given to them in the FinCo Shareholders’ Deed. 

 

	6.	The address and email address of the New Party for the purposes of clause [23] of the FinCo Shareholders’ Deed is as follows: 

  

			
	Address:	  	[●]
	Email:	  	[●]
	For the attention of:	  	[●].

  
 29 

	7.	This deed and any non-contractual obligations arising out of or in connection with it are governed by the English law. 

 

	8.	Any Dispute arising out of or in connection with this deed shall be settled in accordance with clause [26] of the FinCo Shareholders’ Deed, which is deemed to be incorporated in full into this deed mutatis
mutandis and for the purposes of clause [26.3] of the FinCo Shareholders’ Deed as incorporated into this deed, the New Party irrevocably appoints [●] of [●] as its agent in England for service of process in relation to any
such dispute. 

 IN WITNESS of which this deed has been executed and has been delivered on the date which appears first on page
1. 
  

					
	 EXECUTED AS A DEED by [COMPANY NAME]
	  	 )

)
	  	
			
	  
	  		  	  

	 Signature of director
	  		  	 Signature of [director]/[company secretary][witness]

			
	  
	  		  	  

	 Name of director
	  		  	 Name of [director]/[company secretary][witness]

  
 30 

 SCHEDULE 6 

TRIGGER EVENT PROVISIONS 
  

	1.	Power of Attorney 

 Each of the Minority Shareholders authorises and grants to the Major
Shareholder full power to exercise all rights in relation to its Shares in its absolute discretion, including (but not limited to): 
  

	 	(a)	receiving notice, attending and voting at any Shareholders’ Meeting or signing any resolution as the registered holder of the Shares; 

 

	 	(b)	completing and returning proxy cards, consents to short notice and any other documents required to be signed by the registered holder of the Shares, 

for the purpose of any vote on any matter which requires an approval of 75% of the votes cast of FinCo under Irish law (a Special
Majority Approval). 
  

	2.	Voting Undertaking 

 If for any reason the authority granted under paragraph 1 above does
not result in the Major Shareholder being able to achieve the Special Majority Approval, each of the Minority Shareholder(s) undertakes to attend all meetings of Shareholders of FinCo in Ireland (a Shareholders’ Meeting) and vote, as
shareholders of FinCo, as directed in writing by the Major Shareholder, on any vote on any matter which relates to a Special Majority Approval. 
  

	3.	Delegation of authority 

  

	3.1	The Minority Shareholder(s) irrevocably and unconditionally (and by way of security for the performance of its obligations under this deed) appoints such persons as may be nominated by the Major Shareholder as its
attorney and on its behalf to execute, deliver and carry out in its name or otherwise on its behalf all documents, acts and things which the attorney(s) may in its or their absolute discretion consider necessary or desirable to exercise the:

  

	 	(a)	rights of such Minority Shareholder in accordance with paragraph 1 above; and 

  

	 	(b)	voting rights of such Minority Shareholder to vote as directed in writing by the Major Shareholder in accordance with paragraph 2 above which such Minority Shareholder is obliged, but fails, to effect in accordance with
the directions of the Major Shareholder. 

  

	3.2	The appointment in paragraph 3.1 shall in all circumstances remain in force and be irrevocable until such time as the appointing Major Shareholder (together with its Permitted Transferees) ceases to have any obligations
under this Schedule 6 and this deed (including without limitation those obligations set out in the Surviving Clauses which shall survive termination of this deed) but shall have no further effect after that date. 

 

	4.	Restrictions on Disposal 

 No Shareholder may Dispose of any of its Shares at any time
after a Trigger Event unless: 
  

	 	(a)	any transferee first executes and delivers to FinCo and the remaining Shareholders a Deed of Adherence; and 

  

	 	(b)	such Disposal is carried out in compliance with paragraphs [6] and [7] of Schedule [10] of the H3G II Shareholders’ Deed and articles [9 and 10] of the Constitution (as applicable). 

  
 31 

 For the purposes of this Schedule 6: 

Minority Shareholder means any Shareholder other than a Major Shareholder (or its Permitted Transferees); 

Shareholders’ Meeting has the meaning given in paragraph 2 of this Schedule 5; 

Special Majority Approval has the meaning given in paragraph 1 of this Schedule 5; 

  
 32 

 SCHEDULE 7 

DEFINITIONS AND INTERPRETATION 
  

	1.	Definitions 

 In this deed: 

Anti-Corruption Policies has the meaning given in clause 15.1; 

Appointer means, in relation to a Director, the Shareholder or its Permitted Transferee who proposed the appointment of that Director
under clause 4.2; 
 Board means the board of directors of FinCo; 

Business has the meaning given in clause 2.1; 

Constitution means the constitution of FinCo, as amended from time to time; 

Contribution and Framework Agreement mean the contribution and framework agreement dated 6 August 2015
between, amongst others, HET, VimpelCom Amsterdam B.V., H3G II, VIP Guarantor and HET Guarantor; 
 Debt Finance
Arrangement has the meaning given in Schedule 4; 
 Deed of Adherence means a deed of adherence to this deed to
be executed by any transferee of a Share substantially in the form set out in Schedule 5; 
 Director means a director of FinCo and
Director means any one of the them; 
 Discloser has the meaning given in clause 18.4; 

Dispute means any dispute, claim, difference or controversy arising out of, relating to or having any connection with this deed,
including any dispute as to its existence, validity, interpretation, performance, breach or termination or the consequences of its nullity and any dispute relating to any non-contractual obligations arising
out of or in connection with it; 
 FinCo Loan means an interest free loan from Finco to H3GII with a principal amount of
approximately EUR5.1 billion following the novation of the Existing Loan as part of the HET Secondary Contribution and VIP Luxco Secondary Contribution at Completion (each as defined in the Contribution and Framework Agreement); 

H3G II means Hutchison 3G Italy Investments S.à r.l., a sociėtė à
responsabilitėe limitėe incorporated under the laws of the Grand Duchy of Luxembourg having its registered office at 7, rue du
Marché-aux-Herbes, L-1728 Luxembourg, Grand Duchy of Luxembourg registered with the Luxembourg trade companies register
under number B77457; 
 H3G II Articles means the Articles as such term is defined in the H3G II Shareholders’
Deed; 
 H3G II Shareholders’ Deed has the meaning given in clause 1.1; 

Interest means, in relation to any person, any financial or commercial interest of that person arising from any existing or proposed
appointment, arrangement, role, contract, litigation or other proceeding between FinCo and that person; 

  
 33 

 Major Shareholder means a Shareholder that either alone or together with its
Permitted Transferees and/or Affiliates holds 50 per cent. or more of the issued Shares in FinCo (and if not all such Shares are held by one Shareholder then references in this deed to the Major Shareholder shall, unless the context requires
otherwise, be construed to mean, in respect of obligations, all such Shareholders having the same Ultimate Holding Company holding Shares that together comprise 50 per cent. or more of the issued Shares in FinCo and, in respect of the exercise
of rights, that Shareholder holding the largest number of Shares of those Shareholders that together compromise the Major Shareholder); 

Reserved Matters means any matter set out in Schedule 4; 

Shares mean the ordinary shares of €1.00 each in the capital of FinCo; 

Shareholder means a registered holder of Shares who is party to this deed as an original party or by having executed a Deed of Adherence
in accordance with this deed; 
 Shareholder Approval means an approval given in accordance with clauses 6.1 and 6.2; 

Shareholders’ Meeting has the meaning given in paragraph 1 of Schedule 3; 

Surviving Clauses means clause 1, 18, 21 to 26 (inclusive); and 

Trigger Event means completion of the transfer or issue of any Shares in accordance with this deed following which there is only
one Major Shareholder. 
  

	2.	Things required to be done other than on a Business Day 

 Unless otherwise indicated,
where the day on which any act, matter or thing is to be done is a day other than a Business Day, that act, matter or thing shall be done on or by the next Business Day. 
  

	3.	Other rules of interpretation 

 In this deed: 

 

	 	(a)	references to VIP or HET include each of their Permitted Transferees from time to time; 

  

	 	(b)	any reference, express or implied, to any legislation in any jurisdiction includes: 

  

	 	(i)	that legislation as amended, extended or applied by or under any other legislation made before or after execution of this deed; 

  

	 	(ii)	any legislation which that legislation re-enacts with or without modification; and 

  

	 	(iii)	any subordinate legislation made before or after execution of this deed under that legislation, including (where applicable) that legislation as amended, extended or applied as described in paragraph 3(b)(i), or under
any legislation which it re-enacts as described in paragraph 3(b)(ii); 

  

	 	(c)	references to persons or entities include natural persons, bodies corporate, partnerships, trusts and unincorporated and incorporated associations of persons; 

 

	 	(d)	references to an individual or a natural person include his estate and personal representatives; 

  
 34 

	 	(e)	subject to clause 23.2, references to a party to this deed include the successors or assigns (immediate or otherwise) of that party; 

 

	 	(f)	references to any English legal term for any action, remedy, method or judicial or arbitral proceeding, legal document, legal status, court, arbitral tribunal, official or any legal concept or thing shall, in respect of
any jurisdiction other than England, be taken to include what most nearly approximates in that jurisdiction to the English legal term; 

  

	 	(g)	a reference to any instrument or document includes any variation or replacement of it; 

  

	 	(h)	unless otherwise indicated, a reference to any time is a reference to that time in London; 

  

	 	(i)	a reference to € or Euros or EUR is to the currency of the Eurozone countries from time to time or its equivalent in any other relevant currency; 

 

	 	(j)	singular words include the plural and vice versa; 

  

	 	(k)	a word of any gender includes the corresponding words of any other gender; 

  

	 	(l)	if a word or phrase is defined, other grammatical forms of that word have a corresponding meaning; 

  

	 	(m)	general words shall not be given a restrictive meaning by reason of the fact that they are followed by particular examples intended to be embraced by the general words, and references to “includes” mean
“includes without limitation”; and 

  

	 	(n)	nothing is to be construed adversely to a party just because that party put forward this deed or the relevant part of this deed. 

  
 35 

 SIGNATORIES 
  

							
	GIVEN under the common seal	 	)	 		 	 /s/ Richard James

	of VIP-CKH IRELAND LIMITED	 	)	 		 	Director
	and DELIVERED as a DEED	 	)	 		 	

 [Signature Page to FinCo Shareholders Deed] 

											
	EXECUTED as a deed by	 		 	)	 		 	
	VIMPELCOM LUXEMBOURG HOLDINGS	 		 	)	 		 	 /s/ Richard James

	S.à R.L.	 		 	)	 		 	Authorised signatory
						
	Witness’s Signature	 	 /s/ A. Oemrawsingh
	 		 		 		 	
						
	Name:	 	 A. Oemrawsingh
	 		 		 		 	
						
	Address:	 	 Apollolaan 15
	 		 		 		 	
						
		 	 1077 AB Amsterdam
	 		 		 		 	
						
		 	The Netherlands	 		 		 		 	
						
		 		 		 	)	 		 	
		 		 		 	)	 		 	 /s/ David Dobbie

		 		 		 	)	 		 	Authorised signatory
						
	Witness’s Signature	 	 /s/ A. Oemrawsingh
	 		 		 		 	
						
	Name:	 	 A. Oemrawsingh
	 		 		 		 	
						
	Address:	 	 Apollolaan 15
	 		 		 		 	
						
		 	 1077 AB Amsterdam
	 		 		 		 	
						
		 	The Netherlands	 		 		 		 	

  
 [Signature Page to
FinCo Shareholders Deed] 

									
	 EXECUTED as a deed by
 HUTCHISON
EUROPE 
 TELECOMMUNICATIONS
 S.à
R.L.
	 		  	 )
 )

)
 )
	 		 	
					
	  
	 		  		 		 	/s/    Neil McGee        
	Signature of director	 		  		 		 	 Neil McGee

Manager

	  
	 		  		 		 
	Name of director	 		  		 		 	

  
 [Signature Page to
FinCo Shareholders Deed] 

											
	EXECUTED as a deed by	 		  	)	 		 	
	VIMPELCOM LTD.	 		  	)	 		 	 /s/ Andrew Davies

		 		 		  	)	 		 	Authorised signatory
						
	Witness’s Signature	 	 /s/ Giovanna de Beij
	 		  		 		 	
						
	Name:	 	 Giovanna de Beij
	 		  		 		 	
						
	Address:	 	 Claude Debussylaan 88
	 		  		 		 	
						
		 	 1082 MD Amsterdam
	 		  		 		 	
						
		 	The Netherlands	 		  		 		 	

  
 [Signature Page to
FinCo Shareholders Deed] 

									
	EXECUTED as a deed by	 		  	)	 		 	
	CK HUTCHISON HOLDINGS LIMITED	 		  	)	 		 	
					
	 /s/ Frank Sixt
	 		  		 		 	 /s/ Edith Shih

	Signature of director	 		  		 		 	Signature of company secretary
					
	 Frank Sixt
	 		  		 		 	 Edith Shih

	Name of director	 		  		 		 	Name of company secretary

  
 [Signature Page to
FinCo Shareholders Deed] 

 DOCUMENTS IN THE AGREED FORM 

 

	1.	ConstitutionEXHIBIT 4.2

 

SENSEONICS HOLDINGS, INC.,
 Issuer

 

AND

 

[TRUSTEE],
 Trustee

 

 

INDENTURE

 

Dated as of [·], 20    

 

 

Debt Securities

 

 

TABLE OF CONTENTS

 

	
 
    	
PAGE
    
	
 
    	
 
    
	
ARTICLE 1                              DEFINITIONS
    	
1
    
	
 
    	
 
    	
 
    
	
Section 1.01
    	
Definitions of Terms
    	
1
    
	
 
    	
 
    	
 
    
	
ARTICLE 2                              ISSUE, DESCRIPTION,   TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES
    	
5
    
	
 
    	
 
    	
 
    
	
Section 2.01
    	
Designation and Terms   of Securities
    	
5
    
	
Section 2.02
    	
Form of Securities   and Trustee’s Certificate
    	
8
    
	
Section 2.03
    	
Denominations:   Provisions for Payment
    	
8
    
	
Section 2.04
    	
Execution and   Authentications
    	
9
    
	
Section 2.05
    	
Registration of   Transfer and Exchange
    	
10
    
	
Section 2.06
    	
Temporary Securities
    	
11
    
	
Section 2.07
    	
Mutilated, Destroyed, Lost   or Stolen Securities
    	
12
    
	
Section 2.08
    	
Cancellation
    	
13
    
	
Section 2.09
    	
Benefits of Indenture
    	
13
    
	
Section 2.10
    	
Authenticating Agent
    	
13
    
	
Section 2.11
    	
Global Securities
    	
14
    
	
Section 2.12
    	
CUSIP Numbers
    	
15
    
	
 
    	
 
    	
 
    
	
ARTICLE 3                              REDEMPTION   OF SECURITIES AND SINKING FUND PROVISIONS
    	
15
    
	
 
    	
 
    	
 
    
	
Section 3.01
    	
Redemption
    	
15
    
	
Section 3.02
    	
Notice of Redemption
    	
16
    
	
Section 3.03
    	
Payment Upon Redemption
    	
17
    
	
Section 3.04
    	
Sinking Fund
    	
17
    
	
Section 3.05
    	
Satisfaction of Sinking   Fund Payments with Securities
    	
18
    
	
Section 3.06
    	
Redemption of   Securities for Sinking Fund
    	
18
    
	
 
    	
 
    	
 
    
	
ARTICLE 4                              COVENANTS
    	
18
    
	
 
    	
 
    	
 
    
	
Section 4.01
    	
Payment of Principal,   Premium and Interest
    	
18
    
	
Section 4.02
    	
Maintenance of Office   or Agency
    	
19
    
	
Section 4.03
    	
Paying Agents
    	
19
    
	
Section 4.04
    	
Appointment to Fill   Vacancy in Office of Trustee
    	
20
    
	
 
    	
 
    	
 
    
	
ARTICLE 5                              SECURITYHOLDERS’   LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
    	
20
    

 

i

 

TABLE OF CONTENTS

(CONTINUED)

 

	
 
    	
 
    	
PAGE
    
	
 
    	
 
    	
 
    
	
Section 5.01
    	
Company to Furnish Trustee   Names and Addresses of Securityholders
    	
20
    
	
Section 5.02
    	
Preservation Of   Information; Communications With Securityholders
    	
21
    
	
Section 5.03
    	
Reports by the Company
    	
21
    
	
Section 5.04
    	
Reports by the Trustee
    	
22
    
	
 
    	
 
    	
 
    
	
ARTICLE 6                              REMEDIES   OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT
    	
22
    
	
 
    	
 
    	
 
    
	
Section 6.01
    	
Events of Default
    	
22
    
	
Section 6.02
    	
Collection of   Indebtedness and Suits for Enforcement by Trustee
    	
24
    
	
Section 6.03
    	
Application of Moneys   Collected
    	
25
    
	
Section 6.04
    	
Limitation on Suits
    	
25
    
	
Section 6.05
    	
Rights and Remedies   Cumulative; Delay or Omission Not Waiver
    	
26
    
	
Section 6.06
    	
Control by   Securityholders
    	
27
    
	
Section 6.07
    	
Undertaking to Pay   Costs
    	
27
    
	
 
    	
 
    	
 
    
	
ARTICLE 7                              CONCERNING   THE TRUSTEE
    	
28
    
	
 
    	
 
    	
 
    
	
Section 7.01
    	
Certain Duties and Responsibilities   of Trustee
    	
28
    
	
Section 7.02
    	
Certain Rights of   Trustee
    	
29
    
	
Section 7.03
    	
Trustee Not Responsible   for Recitals or Issuance or Securities
    	
31
    
	
Section 7.04
    	
May Hold   Securities
    	
31
    
	
Section 7.05
    	
Moneys Held in Trust
    	
31
    
	
Section 7.06
    	
Compensation and   Reimbursement
    	
32
    
	
Section 7.07
    	
Reliance on Officer’s   Certificate
    	
32
    
	
Section 7.08
    	
Disqualification;   Conflicting Interests
    	
33
    
	
Section 7.09
    	
Corporate Trustee   Required; Eligibility
    	
33
    
	
Section 7.10
    	
Resignation and   Removal; Appointment of Successor
    	
33
    
	
Section 7.11
    	
Acceptance of   Appointment By Successor
    	
34
    
	
Section 7.12
    	
Merger, Conversion,   Consolidation or Succession to Business
    	
36
    
	
Section 7.13
    	
Preferential Collection   of Claims Against the Company
    	
36
    
	
Section 7.14
    	
Notice of Default
    	
36
    

 

ii

 

TABLE OF CONTENTS

(CONTINUED)

 

	
 
    	
 
    	
PAGE
    
	
 
    	
 
    	
 
    
	
ARTICLE 8                              CONCERNING   THE SECURITYHOLDERS
    	
36
    
	
 
    	
 
    	
 
    
	
Section 8.01
    	
Evidence of Action by   Securityholders
    	
36
    
	
Section 8.02
    	
Proof of Execution by Securityholders
    	
37
    
	
Section 8.03
    	
Who May be Deemed   Owners
    	
37
    
	
Section 8.04
    	
Certain Securities   Owned by Company Disregarded
    	
38
    
	
Section 8.05
    	
Actions Binding on   Future Securityholders
    	
38
    
	
 
    	
 
    	
 
    
	
ARTICLE 9                              SUPPLEMENTAL   INDENTURES
    	
38
    
	
 
    	
 
    	
 
    
	
Section 9.01
    	
Supplemental Indentures   Without the Consent of Securityholders
    	
38
    
	
Section 9.02
    	
Supplemental Indentures   With Consent of Securityholders
    	
39
    
	
Section 9.03
    	
Effect of Supplemental   Indentures
    	
40
    
	
Section 9.04
    	
Securities Affected by   Supplemental Indentures
    	
40
    
	
Section 9.05
    	
Execution of   Supplemental Indentures
    	
40
    
	
 
    	
 
    	
 
    
	
ARTICLE 10                       SUCCESSOR   ENTITY
    	
41
    
	
 
    	
 
    	
 
    
	
Section 10.01
    	
Company   May Consolidate, Etc.
    	
41
    
	
Section 10.02
    	
Successor Entity   Substituted
    	
41
    
	
 
    	
 
    	
 
    
	
ARTICLE 11                       SATISFACTION   AND DISCHARGE
    	
42
    
	
 
    	
 
    	
 
    
	
Section 11.01
    	
Satisfaction and   Discharge of Indenture
    	
42
    
	
Section 11.02
    	
Discharge of   Obligations
    	
42
    
	
Section 11.03
    	
Deposited Moneys to be   Held in Trust
    	
43
    
	
Section 11.04
    	
Payment of Moneys Held   by Paying Agents
    	
43
    
	
Section 11.05
    	
Repayment to Company
    	
43
    
	
 
    	
 
    	
 
    
	
ARTICLE 12                       IMMUNITY   OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
    	
44
    
	
 
    	
 
    	
 
    
	
Section 12.01
    	
No Recourse
    	
44
    
	
 
    	
 
    	
 
    
	
ARTICLE 13                       MISCELLANEOUS   PROVISIONS
    	
44
    
	
 
    	
 
    	
 
    
	
Section 13.01
    	
Effect on Successors   and Assigns
    	
44
    
	
Section 13.02
    	
Actions by Successor
    	
44
    
	
Section 13.03
    	
Surrender of Company   Powers
    	
44
    
	
Section 13.04
    	
Notices
    	
45
    
	
Section 13.05
    	
Governing Law; Jury   Trial Waiver
    	
45
    

 

iii

 

TABLE OF CONTENTS

(CONTINUED)

 

	
 
    	
 
    	
PAGE
    
	
 
    	
 
    	
 
    
	
Section 13.06
    	
Treatment of Securities   as Debt
    	
45
    
	
Section 13.07
    	
Certificates and   Opinions as to Conditions Precedent
    	
45
    
	
Section 13.08
    	
Payments on Business   Days
    	
46
    
	
Section 13.09
    	
Conflict with Trust   Indenture Act
    	
46
    
	
Section 13.10
    	
Counterparts
    	
46
    
	
Section 13.11
    	
Separability
    	
46
    
	
Section 13.12
    	
Compliance Certificates
    	
46
    
	
Section 13.13
    	
Patriot Act
    	
47
    
	
Section 13.14
    	
Force Majeure
    	
47
    
	
Section 13.15
    	
Table of Contents;   Headings
    	
47
    

 

iv

 

INDENTURE

 

INDENTURE, dated as of [·], 20   , among SENSEONICS HOLDINGS, INC., a Delaware corporation (the “Company”), and [TRUSTEE], as trustee (the “Trustee”):

 

WHEREAS, for its lawful corporate purposes, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of debt securities (hereinafter referred to as the “Securities”), in an unlimited aggregate principal amount to be issued from time to time in one or more series as in this Indenture provided, as registered Securities without coupons, to be authenticated by the certificate of the Trustee;

 

WHEREAS, to provide the terms and conditions upon which the Securities are to be authenticated, issued and delivered, the Company has duly authorized the execution of this Indenture; and

 

WHEREAS, all things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done.

 

NOW, THEREFORE, in consideration of the premises and the purchase of the Securities by the holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the holders of Securities:

 

ARTICLE 1

 

DEFINITIONS

 

Section 1.01         Definitions of Terms.

 

The terms defined in this Section (except as in this Indenture or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section and shall include the plural as well as the singular.  All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as herein or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this instrument.

 

“Authenticating Agent” means the Trustee or an authenticating agent with respect to all or any of the series of Securities appointed by the Trustee pursuant to Section 2.10.

 

“Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

 

“Board of Directors” means the Board of Directors (or the functional equivalent thereof) of the Company or any duly authorized committee of such Board.

 

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“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors (or duly authorized committee thereof) and to be in full force and effect on the date of such certification.

 

“Business Day” means, with respect to any series of Securities, any day other than a day on which federal or state banking institutions in the Borough of Manhattan, the City of New York, or in the city of the Corporate Trust Office of the Trustee, are authorized or obligated by law, executive order or regulation to close.

 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time.

 

“Company” means SENSEONICS HOLDINGS, INC., a corporation duly organized and existing under the laws of the State of DELAWARE, and, subject to the provisions of Article Ten, shall also include its successors and assigns.

 

“Corporate Trust Office” means the office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, which office at the date hereof is located at                                                                                .

 

“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

“Defaulted Interest” has the meaning set forth in Section 2.03.

 

“Depositary” means, with respect to Securities of any series for which the Company shall determine that such Securities will be issued as a Global Security, The Depository Trust Company, another clearing agency, or any successor registered as a clearing agency under the Exchange Act, or other applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to either Section 2.01 or 2.11.

 

“Event of Default” means, with respect to Securities of a particular series, any event specified in Section 6.01, continued for the period of time, if any, therein designated.

 

“Exchange Act” means the United States Securities and Exchange Act of 1934, as amended, and the rules and regulations promulgated by the Commission thereunder.

 

“Global Security” means a Security issued to evidence all or a part of any series of Securities which is executed by the Company and authenticated and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the name of the Depositary or its nominee.

 

“Governmental Obligations” means securities that are (a) direct obligations of the United States of America for the payment of which its full faith and credit is pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United

 

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States of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America that, in either case, are not callable or redeemable at the option of the issuer thereof at any time prior to the stated maturity of the Securities, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account of the holder of such depositary receipt; provided, however, 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 Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt.

 

“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.

 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into in accordance with the terms hereof and shall include the terms of particular series of Securities established as contemplated by Section 2.01.

 

“Interest Payment Date”, when used with respect to any installment of interest on a Security of a particular series, means the date specified in such Security or in a Board Resolution or in an indenture supplemental hereto with respect to such series as the fixed date on which an installment of interest with respect to Securities of that series is due and payable.

 

“Officer” means, with respect to the Company, the chairman of the Board of Directors, a chief executive officer, a president, a chief financial officer, a chief operating officer, any executive vice president, any senior vice president, any vice president, the treasurer or any assistant treasurer, the controller or any assistant controller or the secretary or any assistant secretary.

 

“Officer’s Certificate” means a certificate signed by any Officer.  Each such certificate shall include the statements provided for in Section 13.07, if and to the extent required by the provisions thereof.

 

“Opinion of Counsel” means an opinion in writing subject to customary exceptions of legal counsel, who may be an employee of or counsel for the Company, that is delivered to the Trustee in accordance with the terms hereof.  Each such opinion shall include the statements provided for in Section 13.07, if and to the extent required by the provisions thereof.

 

“Outstanding”, when used with reference to Securities of any series, means, subject to the provisions of Section 8.04, as of any particular time, all Securities of that series theretofore authenticated and delivered by the Trustee under this Indenture, except (a) Securities theretofore canceled by the Trustee or any paying agent, or delivered to the Trustee or any paying agent for cancellation or that have previously been canceled; (b) Securities or portions thereof for the payment or redemption of which moneys or Governmental Obligations in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent (other than the

 

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Company) or shall have been set aside and segregated in trust by the Company (if the Company shall act as its own paying agent); provided, however, that if such Securities or portions of such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as provided in Article Three, or provision satisfactory to the Trustee shall have been made for giving such notice; and (c) Securities in lieu of or in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section 2.07.

 

“Person” means any individual, corporation, partnership, joint venture, joint-stock company, limited liability company, association, trust, unincorporated organization, any other entity or organization, including a  government or political subdivision or an agency or instrumentality thereof.

 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

 

“Responsible Officer” when used with respect to the Trustee means any officer within the Corporate Trust Office of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject and in each case who shall have direct responsibility for the administration of this Indenture.

 

“Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture.

 

“Securities Act” means the Securities Act of 1933, as amended.

 

“Securityholder”, “holder of Securities”, “registered holder”, or other similar term, means the Person or Persons in whose name or names a particular Security is registered on the Security Register kept for that purpose in accordance with the terms of this Indenture.

 

“Security Register” and “Security Registrar” shall have the meanings as set forth in Section 2.05.

 

“Subsidiary” means, with respect to any Person, any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of capital stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, general partners or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more Subsidiaries of such Person; or (iii) one or more Subsidiaries of such Person.

 

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“Trustee” means                          , and, subject to the provisions of Article Seven, shall also include its successors and assigns, and, if at any time there is more than one Person acting in such capacity hereunder, “Trustee” shall mean each such Person.  The term “Trustee” as used with respect to a particular series of the Securities shall mean the trustee with respect to that series.

 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended.

 

“U.S.A. Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, as amended and signed into law October 26, 2001.

 

ARTICLE 2

 

ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES

 

Section 2.01         Designation and Terms of Securities.

 

(a)   The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited.  The Securities may be issued in one or more series up to the aggregate principal amount of Securities of that series from time to time authorized by or pursuant to a Board Resolution or pursuant to one or more indentures supplemental hereto.  Prior to the initial issuance of Securities of any series, there shall be established in or pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto:

 

(1)   the title of the Securities of the series (which shall distinguish the Securities of that series from all other Securities);

 

(2)   any limit upon the aggregate principal amount of the Securities of that 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 that series);

 

(3)   the maturity date or dates on which the principal of the Securities of the series is payable;

 

(4)   the form of the Securities of the series including the form of the certificate of authentication for such series;

 

(5)   the applicability of any guarantees;

 

(6)   whether or not the Securities will be secured or unsecured, and the terms of any secured debt;

 

(7)   whether the Securities rank as senior debt, senior subordinated debt, subordinated debt or any combination thereof, and the terms of any subordination;

 

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(8)   if the price (expressed as a percentage of the aggregate principal amount thereof) at which such Securities will be issued is a price other than the principal amount thereof, the portion of the principal amount thereof payable upon declaration of acceleration of the maturity thereof, or if applicable, the portion of the principal amount of such Securities that is convertible into another security or the method by which any such portion shall be determined;

 

(9)   the interest rate or rates, which may be fixed or variable, or the method for determining the rate and the date interest will begin to accrue, the dates interest will be payable and the regular record dates for interest payment dates or the method for determining such dates;

 

(10) the Company’s right, if any, to defer the payment of interest and the maximum length of any such deferral period;

 

(11) if applicable, the date or dates after which, or the period or periods during which, and the price or prices at which, the Company may at its option, redeem the series of Securities pursuant to any optional or provisional redemption provisions and the terms of those redemption provisions;

 

(12) the date or dates, if any, on which, and the price or prices at which the Company is obligated, pursuant to any mandatory sinking fund or analogous fund provisions or otherwise, to redeem, or at the Securityholder’s option to purchase, the series of Securities and the currency or currency unit in which the Securities are payable;

 

(13) the denominations in which the Securities of the series shall be issuable, if other than denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof;

 

(14) any and all terms, if applicable, relating to any auction or remarketing of the Securities of that series and any security for the obligations of the Company with respect to such Securities and any other terms which may be advisable in connection with the marketing of Securities of that series;

 

(15) whether the Securities of the series shall be issued in whole or in part in the form of a Global Security or Securities; the terms and conditions, if any, upon which such Global Security or Securities may be exchanged in whole or in part for other individual Securities; and the Depositary for such Global Security or Securities;

 

(16) if applicable, the provisions relating to conversion or exchange of any Securities of the series and the terms and conditions upon which such Securities will be so convertible or exchangeable, including the conversion or exchange price, as applicable, or how it will be calculated and may be adjusted, any mandatory or optional (at the Company’s option or the holders’ option) conversion or exchange features, the applicable conversion or exchange period and the manner of settlement for any conversion or exchange, which may, without limitation, include the payment of cash as well as the delivery of securities;

 

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(17) if other than the full 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 pursuant to Section 6.01;

 

(18) additions to or changes in the covenants applicable to the series of Securities being issued, including, among others, the consolidation, merger or sale covenant;

 

(19) additions to or changes in the Events of Default with respect to the Securities and any change in the right of the Trustee or the Securityholders to declare the principal, premium, if any, and interest, if any, with respect to such Securities to be due and payable;

 

(20) additions to or changes in or deletions of the provisions relating to covenant defeasance and legal defeasance;

 

(21) additions to or changes in the provisions relating to satisfaction and discharge of this Indenture;

 

(22) additions to or changes in the provisions relating to the modification of this Indenture both with and without the consent of Securityholders of Securities issued under this Indenture;

 

(23) the currency of payment of Securities if other than U.S. dollars and the manner of determining the equivalent amount in U.S. dollars;

 

(24) whether interest will be payable in cash or additional Securities at the Company’s or the Securityholders’ option and the terms and conditions upon which the election may be made;

 

(25) the terms and conditions, if any, upon which the Company shall pay amounts in addition to the stated interest, premium, if any and principal amounts of the Securities of the series to any Securityholder that is not a “United States person” for federal tax purposes;

 

(26) any restrictions on transfer, sale or assignment of the Securities of the series; and

 

(27) any other specific terms, preferences, rights or limitations of, or restrictions on, the Securities, any other additions or changes in the provisions of this Indenture, and any terms that may be required by us or advisable under applicable laws or regulations.

 

All Securities of any one series shall be substantially identical except as may otherwise be provided in or pursuant to any such Board Resolution or in any indentures supplemental hereto.

 

If any of the terms of the series are established by action taken pursuant to a Board Resolution of the Company, a copy of an appropriate record of such action shall be certified by the secretary or an assistant secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officer’s Certificate of the Company setting forth the terms of the series.

 

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Securities of any particular series may be issued at various times, with different dates on which the principal or any installment of principal is payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different dates on which such interest may be payable and with different redemption dates.

 

Section 2.02         Form of Securities and Trustee’s Certificate.

 

The Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall be substantially of the tenor and purport as set forth in one or more indentures supplemental hereto or as provided in a Board Resolution, and set forth in an Officer’s Certificate, and they may have such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which Securities of that series may be listed, or to conform to usage.

 

Section 2.03         Denominations: Provisions for Payment.

 

The Securities shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject to Section 2.01(a)(13).  The Securities of a particular series shall bear interest payable on the dates and at the rate specified with respect to that series.  Subject to Section 2.01(a)(23), the principal of and the interest on the Securities of any series, as well as any premium thereon in case of redemption or repurchase thereof prior to maturity, and any cash amount due upon conversion or exchange thereof, shall be payable in the coin or currency of the United States of America that at the time is legal tender for public and private debt, at the office or agency of the Company maintained for that purpose.  Each Security shall be dated the date of its authentication.  Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months.

 

The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for Securities of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest installment.  In the event that any Security of a particular series or portion thereof is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Security will be paid upon presentation and surrender of such Security as provided in Section 3.03.

 

Any interest on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (1) or clause (2) below:

 

(1)   The Company may make payment of any Defaulted Interest on Securities to the Persons in whose names such Securities (or their respective Predecessor

 

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Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner: the Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided.  Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall not be more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment.  The Trustee shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid, to each Securityholder at his or her address as it appears in the Security Register (as hereinafter defined), not less than 10 days prior to such special record date.  Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered on such special record date.

 

(2)   The Company may make payment of any Defaulted Interest on any Securities in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

 

Unless otherwise set forth in a Board Resolution or one or more indentures supplemental hereto establishing the terms of any series of Securities pursuant to Section 2.01 hereof, the term “regular record date” as used in this Section with respect to a series of Securities and any Interest Payment Date for such series shall mean either the fifteenth day of the month immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the first day of a month, or the first day of the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the fifteenth day of a month, whether or not such date is a Business Day.

 

Subject to the foregoing provisions of this Section, each Security of a series delivered under this Indenture upon transfer of or in exchange for or in lieu of any other Security of such series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security.

 

Section 2.04         Execution and Authentications.

 

The Securities shall be signed on behalf of the Company by one of its Officers.  Signatures may be in the form of a manual or facsimile signature.

 

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The Company may use the facsimile signature of any Person who shall have been an Officer (at the time of execution), notwithstanding the fact that at the time the Securities shall be authenticated and delivered or disposed of such Person shall have ceased to be such an officer of the Company.  The Securities may contain such notations, legends or endorsements required by law, stock exchange rule or usage.  Each Security shall be dated the date of its authentication by the Trustee.

 

A Security shall not be valid until authenticated manually by an authorized signatory of the Trustee, or by an Authenticating Agent.  Such signature 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.  At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication, together with a written order of the Company for the authentication and delivery of such Securities, signed by an Officer, and the Trustee in accordance with such written order shall authenticate and deliver such Securities.

 

Upon the Company’s delivery of any such authentication order to the Trustee at any time after the initial issuance of Securities under this Indenture, the Trustee shall be provided with, and (subject to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be fully protected in relying upon, (1) an Opinion of Counsel or reliance letter and (2) an Officer’s Certificate stating that all conditions precedent to the execution, authentication and delivery of such Securities are in conformity with the provisions of this Indenture.

 

The Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee.

 

Section 2.05                            Registration of Transfer and Exchange.

 

(a)         Securities of any series may be exchanged upon presentation thereof at the office or agency of the Company designated for such purpose, for other Securities of such series of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, all as provided in this Section.  In respect of any Securities so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in exchange therefor the Security or Securities of the same series that the Securityholder making the exchange shall be entitled to receive, bearing numbers not contemporaneously outstanding.

 

(b)         The Company shall keep, or cause to be kept, at its office or agency designated for such purpose a register or registers (herein referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall register the Securities and the transfers of Securities as in this Article provided and which at all reasonable times shall be open for inspection by the Trustee.  The registrar for the purpose of registering Securities and transfer of Securities as herein provided shall be appointed as authorized by Board Resolution (the “Security Registrar”).

 

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Upon surrender for transfer of any Security at the office or agency of the Company designated for such purpose, the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in the name of the transferee or transferees a new Security or Securities of the same series as the Security presented for a like aggregate principal amount.

 

All Securities presented or surrendered for exchange or registration of transfer, as provided in this Section, shall be accompanied (if so required by the Company or the Security Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the Security Registrar, duly executed by the registered holder or by such holder’s duly authorized attorney in writing.

 

(c)          Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental to this Indenture, no service charge shall be made for any exchange or registration of transfer of Securities, or issue of new Securities in case of partial redemption of any series or repurchase, conversion or exchange of less than the entire principal amount of a Security, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge in relation thereto, other than exchanges pursuant to Section 2.06, Section 3.03(b) and Section 9.04 not involving any transfer.

 

(d)         The Company shall not be required (i) to issue, exchange or register the transfer of any Securities during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of less than all the Outstanding Securities of the same series and ending at the close of business on the day of such mailing, nor (ii) to register the transfer of or exchange any Securities of any series or portions thereof called for redemption or surrendered for repurchase, but not validly withdrawn, other than the unredeemed portion of any such Securities being redeemed in part or not surrendered for repurchase, as the case may be.  The provisions of this Section 2.05 are, with respect to any Global Security, subject to Section 2.11 hereof.

 

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

 

Section 2.06                            Temporary Securities.

 

Pending the preparation of definitive Securities of any series, the Company may execute, and the Trustee shall authenticate and deliver, temporary Securities (printed, lithographed or typewritten) of any authorized denomination.  Such temporary Securities shall be substantially in the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company.  Every temporary Security of any series shall be executed by the 

 

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Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities of such series.  Without unnecessary delay the Company will execute and will furnish definitive Securities of such series and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor (without charge to the holders), at the office or agency of the Company designated for the purpose, and the Trustee shall authenticate and such office or agency shall deliver in exchange for such temporary Securities an equal aggregate principal amount of definitive Securities of such series, unless the Company advises the Trustee to the effect that definitive Securities need not be executed and furnished until further notice from the Company.  Until so exchanged, the temporary Securities of such series shall be entitled to the same benefits under this Indenture as definitive Securities of such series authenticated and delivered hereunder.

 

Section 2.07                            Mutilated, Destroyed, Lost or Stolen Securities.

 

In case any temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company (subject to the next succeeding sentence) shall execute, and upon the Company’s request the Trustee (subject as aforesaid) shall authenticate and deliver, a new Security of the same series, bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or stolen.  In every case the applicant for a substituted Security shall furnish to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of the applicant’s Security and of the ownership thereof.  The Trustee may authenticate any such substituted Security and deliver the same upon the written request or authorization of any officer of the Company.  Upon the issuance of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

In case any Security that has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee such security or indemnity as they may require to save them harmless, and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss or theft of such Security and of the ownership thereof.

 

Every replacement Security issued pursuant to the provisions of this Section shall constitute an additional contractual obligation of the Company whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of the same series duly issued hereunder.  All Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any and all other rights or remedies, notwithstanding any law or statute 

 

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existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender.

 

Section 2.08                            Cancellation.

 

All Securities surrendered for the purpose of payment, redemption, repurchase, exchange, registration of transfer or conversion shall, if surrendered to the Company or any paying agent (or any other applicable agent), 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 required or permitted by any of the provisions of this Indenture.  On request of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee.  In the absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate of disposition to the Company.  If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee for cancellation.

 

Section 2.09                            Benefits of Indenture.

 

Nothing in this Indenture or in the Securities, express or implied, shall give or be construed to give to any Person, other than the parties hereto and the holders of the Securities any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto and of the holders of the Securities.

 

Section 2.10                            Authenticating Agent.

 

So long as any of the Securities of any series remain Outstanding there may be an Authenticating Agent for any or all such series of Securities which the Trustee shall have the right to appoint.  Said Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange, transfer or partial redemption, repurchase or conversion thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder.  All references in this Indenture to the authentication of Securities by the Trustee shall be deemed to include authentication by an Authenticating Agent for such series.  Each Authenticating Agent shall be acceptable to the Company and shall be a corporation that has a combined capital and surplus, as most recently reported or determined by it, sufficient under the laws of any jurisdiction under which it is organized or in which it is doing business to conduct a trust business, and that is otherwise authorized under such laws to conduct such business and is subject to supervision or examination by federal or state authorities.  If at any time any Authenticating Agent shall cease to be eligible in accordance with these provisions, it shall resign immediately.

 

Any Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee and to the Company.  The Trustee may at any time (and upon request by the Company shall) terminate the agency of any Authenticating Agent by giving written notice of 

 

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termination to such Authenticating Agent and to the Company.  Upon resignation, termination or cessation of eligibility of any Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Company.  Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto.

 

Section 2.11                            Global Securities.

 

(a)         If the Company shall establish pursuant to Section 2.01 that the Securities of a particular series are to be issued as a Global Security, then the Company shall execute and the Trustee shall, in accordance with Section 2.04, authenticate and deliver, a Global Security that (i) shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such series, (ii) shall be registered in the name of the Depositary or its nominee, (iii) shall be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction (or if the Depositary names the Trustee as its custodian, retained by the Trustee), and (iv) shall bear a legend substantially to the following effect: “Except as otherwise provided in Section 2.11 of the Indenture, this Security may be transferred, in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary.”

 

(b)         Notwithstanding the provisions of Section 2.05, the Global Security of a series may be transferred, in whole but not in part and in the manner provided in Section 2.05, only to another nominee of the Depositary for such series, or to a successor Depositary for such series selected or approved by the Company or to a nominee of such successor Depositary.

 

(c)          If at any time the Depositary for a series of the Securities notifies the Company that it is unwilling or unable to continue as Depositary for such series or if at any time the Depositary for such series shall no longer be registered or in good standing under the Exchange Act, or other applicable statute or regulation, and a successor Depositary for such series is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such condition, as the case may be, or if an Event of Default has occurred and is continuing and the Company has received a request from the Depositary or from the Trustee, this Section 2.11 shall no longer be applicable to the Securities of such series and the Company will execute, and subject to Section 2.04, the Trustee will authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series in exchange for such Global Security.  In addition, the Company may at any time determine that the Securities of any series shall no longer be represented by a Global Security and that the provisions of this Section 2.11 shall no longer apply to the Securities of such series.  In such event the Company will execute and, subject to Section 2.04, the Trustee, upon receipt of an Officer’s Certificate evidencing such determination by the Company, will authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series in exchange for such Global Security.  Upon the exchange of the Global Security for such Securities in definitive registered form without coupons, in authorized denominations, the Global Security shall be canceled by the Trustee.  Such Securities in 

 

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definitive registered form issued in exchange for the Global Security pursuant to this Section 2.11(c) shall be registered in such names and in such authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee.  The Trustee shall deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so registered.

 

Section 2.12                            CUSIP Numbers.

 

The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.  The Company will promptly notify the Trustee of any change in the “CUSIP” numbers.

 

ARTICLE 3

 

REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS

 

Section 3.01                            Redemption.

 

The Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section 2.01 hereof.

 

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Section 3.02                            Notice of Redemption.

 

(a)         In case the Company shall desire to exercise such right to redeem all or, as the case may be, a portion of the Securities of any series in accordance with any right the Company reserved for itself to do so pursuant to Section 2.01 hereof, the Company shall, or shall cause the Trustee to, give notice of such redemption to holders of the Securities of such series to be redeemed by mailing, first class postage prepaid (or with regard to any Global Security held in book entry form, by electronic mail), a notice of such redemption not less than 30 days and not more than 90 days before the date fixed for redemption of that series to such holders at their last addresses as they shall appear upon the Security Register, unless a shorter period is specified in the Securities to be redeemed.  Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder receives the notice.  In any case, failure duly to give such notice to the holder of any Security of any series designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Securities of such series or any other series.  In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance with any such restriction.

 

Each such notice of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any), specify the date fixed for redemption and the redemption price at which Securities of that series are to be redeemed, and shall state that payment of the redemption price of such Securities to be redeemed will be made at the office or agency of the Company, upon presentation and surrender of such Securities, that interest accrued to the date fixed for redemption will be paid as specified in said notice, that from and after said date interest will cease to accrue and that the redemption is from a sinking fund, if such is the case.  If less than all the Securities of a series are to be redeemed, the notice to the holders of Securities of that series to be redeemed in part shall specify the particular Securities to be so redeemed.

 

In case any Security is to be redeemed in part only, the notice that relates to such Security shall state the portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, 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.

 

(b)         If less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45 days’ notice (unless a shorter notice shall be satisfactory to the Trustee) in advance of the date fixed for redemption as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its discretion and that may provide for the selection of a portion or portions (equal to one thousand U.S. dollars ($1,000) or any integral multiple thereof) of the principal amount of such Securities of a denomination larger than $1,000, the Securities to be redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part.  The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by an Officer, instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set forth in this Section, such notice 

 

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to be in the name of the Company or its own name as the Trustee or such paying agent may deem advisable.  In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the Trustee or such paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent to give any notice by mail that may be required under the provisions of this Section.

 

Section 3.03                            Payment Upon Redemption.

 

(a)         If the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities of the series to be redeemed 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 interest on such Securities or portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price and accrued interest with respect to any such Security or portion thereof.  On presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed at the applicable redemption price for such series, together with interest accrued thereon to the date fixed for redemption (but if the date fixed for redemption is an Interest Payment Date, the interest installment payable on such date shall be payable to the registered holder at the close of business on the applicable record date pursuant to Section 2.03).

 

(b)         Upon presentation of any Security of such series that is to be redeemed in part only, the Company shall execute and the Trustee shall authenticate and the office or agency where the Security is presented shall deliver to the holder thereof, at the expense of the Company, a new Security of the same series of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented.

 

Section 3.04                            Sinking Fund.

 

The provisions of Sections 3.04, 3.05 and 3.06 shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise specified as contemplated by Section 2.01 for Securities of such series.

 

The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment”.  If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 3.05.  Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series.

 

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Section 3.05                            Satisfaction of Sinking Fund Payments with Securities.

 

The Company (i) may deliver Outstanding Securities of a series and (ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that such Securities have not been previously so credited.  Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

 

Section 3.06                            Redemption of Securities for Sinking Fund.

 

Not less than 45 days prior to each sinking fund payment date for any series of Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of the series, the portion thereof, if any, that is to be satisfied by delivering and crediting Securities of that series pursuant to Section 3.05 and the basis for such credit and will, together with such Officer’s Certificate, deliver to the Trustee any Securities to be so delivered.  Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.02.  Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 3.03.

 

ARTICLE 4

 

COVENANTS

 

Section 4.01                            Payment of Principal, Premium and Interest.

 

The Company will duly and punctually pay or cause to be paid the principal of (and premium, if any) and interest on the Securities of that series at the time and place and in the manner  provided herein and established with respect to such Securities. Payments of principal on the Securities may be made at the time provided herein and established with respect to such Securities by U.S. dollar check drawn on and mailed to the address of the Securityholder entitled thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account if such Securityholder shall have furnished wire instructions to the Trustee no later than 15 days prior to the relevant payment date. Payments of interest on the Securities may be made at the time provided herein and established with respect to such Securities by U.S. dollar check mailed to the address of the Securityholder entitled thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account if such Securityholder shall have furnished wire instructions in writing to the Security Registrar and the Trustee no later than 15 days prior to the relevant payment date.

 

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Section 4.02                            Maintenance of Office or Agency.

 

So long as any series of the Securities remain Outstanding, the Company agrees to maintain an office or agency with respect to each such series and at such other location or locations as may be designated as provided in this Section 4.02, where (i) Securities of that series may be presented for payment, (ii) Securities of that series may be presented as herein above authorized for registration of transfer and exchange, and (iii) notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be given or served, such designation to continue with respect to such office or agency until the Company shall, by written notice signed by any officer authorized to sign an Officer’s Certificate and delivered to the Trustee, designate some other office or agency for such purposes or any of them.  If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, notices and demands.  The Company initially appoints the Corporate Trust Office of the Trustee as its paying agent with respect to the Securities.

 

Section 4.03                            Paying Agents.

 

(a)         If the Company shall appoint one or more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each 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:

 

(1)         that it will hold all sums held by it as such agent for the payment of the principal of (and premium, if any) or interest on the Securities of that series (whether such sums have been paid to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled thereto;

 

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

 

(3)         that it will, at any time during the continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent; and

 

(4)         that it will perform all other duties of paying agent as set forth in this Indenture.

 

(b)         If the Company shall act as its own paying agent with respect to any series of the Securities, it will on or before each due date of the principal of (and premium, if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming due on Securities of that series until such sums shall be paid to such Persons or 

 

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otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or any failure (by it or any other obligor on such Securities) to take such action.  Whenever the Company shall have one or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or interest on any Securities of that series, deposit with the paying agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of this action or failure so to act.

 

(c)          Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums in trust as provided in this Section is subject to the provisions of Section 11.05, and (ii) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the same terms and conditions as those upon which such sums were held by the Company or such paying agent; and, upon such payment by the Company or any paying agent to the Trustee, the Company or such paying agent shall be released from all further liability with respect to such money.

 

Section 4.04                            Appointment to Fill Vacancy in Office of Trustee.

 

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10, a Trustee, so that there shall at all times be a Trustee hereunder.

 

ARTICLE 5

 

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

 

Section 5.01                            Company to Furnish Trustee Names and Addresses of Securityholders.

 

The Company will furnish or cause to be furnished to the Trustee (a) within 15 days after each regular record date (as defined in Section 2.03) a list, in such form as the Trustee may reasonably require, of the names and addresses of the holders of each series of Securities as of such regular record date, provided that the Company shall not be obligated to furnish or cause to furnish such list at any time that the list shall not differ in any respect from the most recent list furnished to the Trustee by the Company and (b) at such other times as the Trustee may request in writing within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that, in either case, no such list need be furnished for any series for which the Trustee shall be the Security Registrar.

 

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Section 5.02                            Preservation Of Information; Communications 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 5.01 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 5.01 upon receipt of a new list so furnished.

 

(c)          Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act with other Securityholders with respect to their rights under this Indenture or under the Securities, and, in connection with any such communications, the Trustee shall satisfy its obligations under Section 312(b) of the Trust Indenture Act in accordance with the provisions of Section 312(b) of the Trust Indenture Act.

 

Section 5.03                            Reports by the Company.

 

(a)         The Company will at all times comply with Section 314(a) of the Trust Indenture Act.  The Company covenants and agrees to provide (which delivery may be via electronic mail) to the Trustee within 30 days, after the Company files the same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) that the Company is required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; provided, however, the Company shall not be required to deliver to the Trustee any correspondence filed with the Commission or any materials for which the Company has sought and received confidential treatment by the Commission; and provided further, that so long as such filings by the Company are available on the Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), or any successor system, such filings shall be deemed to have been filed with the Trustee for purposes hereof without any further action required by the Company. For the avoidance of doubt, a failure by the Company to file annual reports, information and other reports with the SEC within the time period prescribed thereof by the Commission shall not be deemed a breach of this Section 5.03.

 

(b)         Delivery of reports, information and documents to the Trustee under Section 5.03 is for informational purposes only and the information and the Trustee’s receipt of the foregoing shall not constitute constructive notice of any information contained therein, or determinable from information contained therein including the Company’s compliance with any of their covenants thereunder (as to which the Trustee is entitled to rely exclusively on an Officer’s Certificate).  The Trustee is under no duty to examine any such reports, information or documents delivered to the Trustee or filed with the SEC via EDGAR to ensure compliance with the provision of this Indenture or to ascertain the correctness or otherwise of the information or the statements contained therein.  The Trustee shall have no responsibility or duty whatsoever to ascertain or determine whether the above referenced filings with the SEC on EDGAR (or any successor system) has occurred.

 

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Section 5.04                            Reports by the Trustee.

 

(a)         If required by Section 313(a) of the Trust Indenture Act, the Trustee, within sixty (60) days after each May 1, shall transmit by mail, first class postage prepaid, to the Securityholders, as their names and addresses appear upon the Security Register, a brief report dated as of such May 1, which complies with Section 313(a) of the Trust Indenture Act.

 

(b)         The Trustee shall comply with Section 313(b) and 313(c) of the Trust Indenture Act.

 

(c)          A copy of each such report shall, at the time of such transmission to Securityholders, be filed by the Trustee with the Company, with each securities exchange upon which any Securities are listed (if so listed) and also with the Commission.  The Company agrees to notify the Trustee when any Securities become listed on any securities exchange.

 

ARTICLE 6

 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT

 

Section 6.01                            Events of Default.

 

(a)         Whenever used herein with respect to Securities of a particular series, “Event of Default” means any one or more of the following events that has occurred and is continuing:

 

(1)         the Company defaults in the payment of any installment of interest upon any of the Securities of that series, as and when the same shall become due and payable, and such default continues for a period of 90 days; provided, however, that a valid extension of an interest payment period by the Company in accordance with the terms of any indenture supplemental hereto shall not constitute a default in the payment of interest for this purpose;

 

(2)         the Company defaults in the payment of the principal of (or premium, if any, on) any of the Securities of that series as and when the same shall become due and payable whether at maturity, upon redemption, by declaration or otherwise, or in any payment required by any sinking or analogous fund established with respect to that series; provided, however, that a valid extension of the maturity of such Securities in accordance with the terms of any indenture supplemental hereto shall not constitute a default in the payment of principal or premium, if any;

 

(3)         the Company fails to observe or perform any other of its covenants or agreements with respect to that series contained in this Indenture or otherwise established with respect to that series of Securities pursuant to Section 2.01 hereof (other than a covenant or agreement that has been expressly included in this Indenture solely for the benefit of one or more series of Securities other than such series) for a period of 90 days after the date on which written notice of such failure, requiring the same to be remedied and stating that such notice is a “Notice of Default” hereunder, shall have been given to the Company by the Trustee, by registered or certified mail, or to the Company and the Trustee by the holders of at least 25% in principal amount of the Securities of that series at the time Outstanding;

 

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(4)         the Company pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary case, (ii) consents to the entry of an order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property or (iv) makes a general assignment for the benefit of its creditors; or

 

(5)         a court of competent jurisdiction enters an order under any Bankruptcy Law that (i) is for relief against the Company in an involuntary case, (ii) appoints a Custodian of the Company for all or substantially all of its property or (iii) orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 90 days.

 

(b)         In each and every such case (other than an Event of Default specified in clause (4) or clause (5) above), unless the principal of all the Securities of that 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 that series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by such Securityholders), may declare the principal of (and premium, if any, on) and accrued and unpaid interest on all the Securities of that series to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately due and payable.  If an Event of Default specified in clause (4) or clause (5) above occurs, the principal of and accrued and unpaid interest on all the Securities of that series shall automatically be immediately due and payable without any declaration or other act on the part of the Trustee or the holders of the Securities.

 

(c)          At any time after the principal of (and premium, if any, on) and accrued and unpaid interest on the Securities of that 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 holders of a majority in aggregate principal amount of the Securities of that series then Outstanding hereunder, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: (i) the Company has paid or deposited with the Trustee a sum sufficient to pay all matured installments of interest upon all the Securities of that series and the principal of (and premium, if any, on) any and all Securities of that series that shall have become due otherwise than by acceleration (with interest upon such principal and premium, if any, and, to the extent that such payment is enforceable under applicable law, upon overdue installments of interest, at the rate per annum expressed in the Securities of that series to the date of such payment or deposit) and the amount payable to the Trustee under Section 7.06, and (ii) any and all Events of Default under the Indenture with respect to such series, other than the nonpayment of principal on (and premium, if any, on) and accrued and unpaid interest on Securities of that series that shall not have become due by their terms, shall have been remedied or waived as provided in Section 6.06.

 

No such rescission and annulment shall extend to or shall affect any subsequent default or impair any right consequent thereon.

 

(d)         In case the Trustee shall have proceeded to enforce any right with respect to Securities of that series under this Indenture and such proceedings shall have been discontinued or abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case, subject to any 

 

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determination in such proceedings, the Company and the Trustee shall be restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue as though no such proceedings had been taken.

 

Section 6.02                            Collection of Indebtedness and Suits for Enforcement by Trustee.

 

(a)         The Company covenants that (i) in case it shall default in the payment of any installment of interest on any of the Securities of a series, or in any payment required by any sinking or analogous fund established with respect to that series as and when the same shall have become due and payable, and such default shall have continued for a period of 90 days, or (ii) in case it shall default in the payment of the principal of (or premium, if any, on) any of the Securities of a series when the same shall have become due and payable, whether upon maturity of the Securities of a series or upon redemption or upon declaration or otherwise then, upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of the holders of the Securities of that series, the whole amount that then shall have been become due and payable on all such Securities for principal (and premium, if any) or interest, or both, as the case may be, with interest upon the overdue principal (and premium, if any) and (to the extent that payment of such interest is enforceable under applicable law) upon overdue installments of interest at the rate per annum expressed in the Securities of that series; and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, and the amount payable to the Trustee under Section 7.06.

 

(b)         If the Company shall fail to pay such amounts forthwith 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 proceeding to judgment or final decree, and may enforce any such judgment or final decree against the Company or other obligor upon the Securities of that series and collect the moneys adjudged or decreed to be payable in the manner provided by law or equity out of the property of the Company or other obligor upon the Securities of that series, wherever situated.

 

(c)          In case of any receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment, arrangement, composition or judicial proceedings affecting the Company, or its creditors or property, the Trustee shall have power to intervene in such proceedings and take any action therein that may be permitted by the court and shall (except as may be otherwise provided by law) be entitled to file such proofs of claim and other papers and documents as may be necessary or advisable in order to have the claims of the Trustee and of the holders of Securities of such series allowed for the entire amount due and payable by the Company under the Indenture at the date of institution of such proceedings and for any additional amount that may become due and payable by the Company after such date, and to collect and receive any moneys or other property payable or deliverable on any such claim, and to distribute the same after the deduction of the amount payable to the Trustee under Section 7.06; and any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the holders of Securities of such series to make such payments to the Trustee, and, in the event that the Trustee shall consent to the making of such payments directly to such Securityholders, to pay to the Trustee any amount due it under Section 7.06.

 

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(d)         All rights of action and of asserting claims under this Indenture, or under any of the terms established with respect to Securities of that series, may be enforced by the Trustee without the possession of any of such Securities, or the production thereof at any trial or other proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for payment to the Trustee of any amounts due under Section 7.06, be for the ratable benefit of the holders of the Securities of such series.

 

In case of an Event of Default hereunder, 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 of 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 the 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.

 

Nothing contained herein shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of that series or the rights of any holder thereof or to authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

 

Section 6.03                            Application of Moneys Collected.

 

Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities 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 premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

 

FIRST: To the payment of costs and expenses of collection and of all amounts payable to the Trustee under Section 7.06;

 

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

 

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

 

Section 6.04                            Limitation on Suits.

 

No holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any 

 

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other remedy hereunder, unless (i) such holder previously shall have given to the Trustee written notice of an Event of Default and of the continuance thereof with respect to the Securities of such series specifying such Event of Default, as hereinbefore provided; (ii) 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, suit or proceeding in its own name as Trustee hereunder; (iii) such holder or holders shall have offered to the Trustee indemnity satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; (iv) the Trustee for 90 days after its receipt of such notice, request and offer of indemnity, shall have failed to institute any such action, suit or proceeding and (v) during such 90 day period, the holders of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request.

 

Notwithstanding anything contained herein to the contrary or any other provisions of this Indenture, the right of any holder of any Security to receive payment of the principal of (and premium, if any) and interest on such Security, as therein provided, on or after the respective due dates expressed in such Security (or in the case of redemption, on the redemption date), or to institute suit for the enforcement of any such payment on or after such respective dates or redemption date, shall not be impaired or affected without the consent of such holder and by accepting a Security hereunder it is expressly understood, intended and covenanted by the taker and holder of every Security of such series with every other such taker and holder and the Trustee, that no one or more holders of Securities of such series shall have any right in any manner whatsoever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the rights of the holders of any other of such Securities, or to obtain or seek to obtain priority over or preference to any other such holder, or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all holders of Securities of such 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 6.05                            Rights and Remedies Cumulative; Delay or Omission Not Waiver.

 

(a)         Except as otherwise provided in Section 2.07, all powers and remedies given by this Article to the Trustee or to the Securityholders shall, to the extent permitted by law, be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee or the holders of the Securities, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture or otherwise established with respect to such Securities.

 

(b)         No delay or omission of the Trustee or of any holder of any of the 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 default or an acquiescence therein; and, subject to the provisions of Section 6.04, every power and remedy given by this Article or by law to the Trustee or the Securityholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders.

 

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Section 6.06                            Control by Securityholders.

 

The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding, determined in accordance with Section 8.04, 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 such series; provided, however, that such direction shall not be in conflict with any rule of law or with this Indenture or subject the Trustee in its sole discretion to personal liability.  Subject to the provisions of Section 7.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer or officers of the Trustee, determine that the proceeding so directed, subject to the Trustee’s duties under the Trust Indenture Act, would involve the Trustee in personal liability or might be unduly prejudicial to the Securityholders not involved in the proceeding.  The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding affected thereby, determined in accordance with Section 8.04, may on behalf of the holders of all of the Securities of such series waive any past default in the performance of any of the covenants contained herein or established pursuant to Section 2.01 with respect to such series and its consequences, except a default in the payment of the principal of, or premium, if any, or interest on, any of the Securities of that series as and when the same shall become due by the terms of such Securities otherwise than by acceleration (unless such default has been cured and a sum sufficient to pay all matured installments of interest and principal and any premium has been deposited with the Trustee (in accordance with Section 6.01(c)).  Upon any such waiver, the default covered thereby shall be deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the holders of the Securities of such series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

 

Section 6.07                            Undertaking to Pay Costs.

 

All parties to this Indenture agree, and each holder of any Securities by such holder’s acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding more than 10% in aggregate principal amount of the Outstanding Securities of any series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of (or premium, if any) or interest on any Security of such series, on or after the respective due dates expressed in such Security or established pursuant to this Indenture.

 

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ARTICLE 7

 

CONCERNING THE TRUSTEE

 

Section 7.01                            Certain Duties and Responsibilities of Trustee.

 

(a)         The Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing of all Events of Default with respect to the Securities of that series that may have occurred, shall undertake to perform with respect to the Securities of such series such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this Indenture against the Trustee.  In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his or her own affairs.

 

(b)         No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that:

 

(i)                                    prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing or waiving of all such Events of Default with respect to that series that may have occurred:

 

(A)       the duties and obligations of the Trustee shall with respect to the Securities of such series be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable with respect to the Securities of such series except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

 

(B)       in the absence of bad faith on the part of the Trustee, the Trustee may with respect to the Securities of such series conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that 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;

 

(ii)                                the Trustee shall not be liable to any Securityholder or to any other Person 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;

 

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

 

(iv)                             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 

 

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of any of its duties or in the exercise of any of its rights or powers if there is reasonable ground for believing that the repayment of such funds or liability is not reasonably assured to it under the terms of this Indenture or adequate indemnity against such risk is not reasonably assured to it;

 

(v)                                 The Trustee shall not be required to give any bond or surety in respect of the performance of its powers or duties hereunder;

 

(vi)                             The permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty of the Trustee; and

 

(vii)                         No Trustee shall have any duty or responsibility for any act or omission of any other Trustee appointed with respect to a series of Securities hereunder.

 

Section 7.02                            Certain Rights of Trustee.

 

Except as otherwise provided in Section 7.01:

 

(a)         The Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, 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;

 

(b)         Any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Board Resolution or an instrument signed in the name of the Company by any authorized officer of the Company (unless other evidence in respect thereof is specifically prescribed herein);

 

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

 

(d)         The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Securityholders pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee security or indemnity reasonably acceptable to the Trustee against the costs, expenses and liabilities that may be incurred therein or thereby; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default with respect to a series of the Securities (that has not been cured or waived), to exercise with respect to Securities of that series such of the rights and powers vested in it by this Indenture, and to use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his or her own affairs;

 

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

 

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(f)    The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security, or other papers or documents or inquire as to the performance by the Company of one of its covenants under this Indenture, unless requested in writing so to do by the holders of not less than a majority in principal amount of the Outstanding Securities of the particular series affected thereby (determined as provided in Section 8.04); provided, however, 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 security or indemnity reasonably acceptable to the Trustee against such costs, expenses or liabilities as a condition to so proceeding.  The reasonable expense of every such examination shall be paid by the Company or, if paid by the Trustee, shall be repaid by the Company upon demand;

 

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

 

(h)   In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances;

 

(i)    In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action; and

 

(j)    The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods; provided, however, that (a) the party providing such written instructions, subsequent to such transmission of written instructions, shall provide the originally executed instructions or directions to the Trustee in a timely manner, and (b) such originally executed instructions or directions shall be signed by an authorized representative of the party providing such instructions or directions.  If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling.  The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction.  The party providing electronic instructions agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee,

 

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including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third parties.  The Trustee may request that the Company deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers authorized at such time to furnish the Trustee with Officer’s Certificates, Company Orders and any other matters or directions pursuant to this Indenture.

 

(k)   The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder.

 

(l)    The Trustee shall not be deemed to have knowledge of any Default or Event of Default (other than an Event of Default relating to the failure to pay the interest on, or the principal of, the Securities) until the Trustee shall have received written notification in the manner set forth in this Indenture or a Responsible Officer of the Trustee shall have obtained actual knowledge.

 

Section 7.03         Trustee Not Responsible for Recitals or Issuance or Securities.

 

(a)   The recitals contained herein and in the Securities shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same.  The Trustee shall not be responsible for any statement in any registration statement, prospectus, or any other document in connection with the sale of Securities. The Trustee shall not be responsible for any rating on the Securities or any action or omission of any rating agency.

 

(b)   The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities.

 

(c)   The Trustee shall not be accountable for the use or application by the Company of any of the Securities or of the proceeds of such Securities, or for the use or application of any moneys paid over by the Trustee in accordance with any provision of this Indenture or established pursuant to Section 2.01, or for the use or application of any moneys received by any paying agent other than the Trustee.

 

Section 7.04         May Hold Securities.

 

The Trustee or any paying agent or Security Registrar, 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 Trustee, paying agent or Security Registrar.

 

Section 7.05         Moneys Held in Trust.

 

Subject to the provisions of Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law.  The Trustee shall be under no liability for interest on any moneys received by it hereunder except such as it may agree with the Company to pay thereon.

 

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Section 7.06         Compensation and Reimbursement.

 

(a)   The Company shall pay to the Trustee for each of its capacities hereunder from time to time compensation for its services as the Company and the Trustee shall from time to time agree upon in writing.  The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust.  The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred by it.  Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel.

 

(b)   The Company shall indemnify each of the Trustee in each of its capacities hereunder against any loss, liability or expense (including the cost of defending itself and including the reasonable compensation and expenses of the Trustee’s agents and counsel) incurred by it except as set forth in Section 7.06(c) in the exercise or performance of its powers, rights or duties under this Indenture as Trustee or Agent.  The Trustee shall notify the Company promptly of any claim for which it may seek indemnity.  The Company shall defend the claim and the Trustee shall cooperate in the defense.  The Trustee may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel.  The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.  This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee.

 

(c)   The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director, employee, shareholder or agent of the Trustee through negligence or bad faith.

 

(d)   To ensure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities on all funds or property held or collected by the Trustee, except that held in trust to pay principal of or interest on particular Securities.  When the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 6.01(4) or (5), the expenses (including the reasonable fees and expenses of its counsel) and the compensation for services in connection therewith are to constitute expenses of administration under any bankruptcy law.  The provisions of this Section 7.06 shall survive the termination of this Indenture and the resignation or removal of the Trustee.

 

Section 7.07         Reliance on Officer’s Certificate.

 

Except as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it reasonably necessary or desirable that a matter be proved or established prior to taking or suffering or omitting to take 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 to be taken by it under the provisions of this Indenture upon the faith thereof.

 

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Section 7.08         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 Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

 

Section 7.09         Corporate Trustee Required; Eligibility.

 

There shall at all times be a Trustee with respect to the Securities issued hereunder which shall at all times be a corporation organized and doing business under the laws of the United States of America or any state or territory thereof or of the District of Columbia, or a corporation or other Person permitted to act as trustee by the Commission, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least fifty million U.S. dollars ($50,000,000), and subject to supervision or examination by federal, state, territorial, or District of Columbia authority.

 

If such corporation or other Person publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation or other Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.  The Company may not, nor may any Person directly or indirectly controlling, controlled by, or under common control with the Company, serve as Trustee.  In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.

 

Section 7.10         Resignation and Removal; Appointment of Successor.

 

(a)   The Trustee or any successor hereafter appointed may at any time resign with respect to the Securities of one or more series by giving written notice thereof to the Company and by transmitting notice of resignation by mail, first class postage prepaid, to the Securityholders of such series, as their names and addresses appear upon the Security Register.  Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee with respect to Securities of such series by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee.  If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the mailing of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee with respect to Securities of such series, or any Securityholder of that series who has been a bona fide holder of a Security or Securities for at least six months may on behalf of himself 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 one of the following shall occur:

 

(i)            the Trustee shall fail to comply with the provisions of Section 7.08 after written request therefor by the Company or by any Securityholder who has been a bona fide holder of a Security or Securities for at least six months; or

 

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(ii)           the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and shall fail to resign after written request therefor by the Company or by any such Securityholder; or

 

(iii)         the Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the Trustee or of its property shall be appointed or consented to, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation;

 

then, in any such case, the Company may remove the Trustee with respect to all Securities and appoint a successor trustee 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 any Securityholder who has been a bona fide holder of a Security or Securities for at least six months may, on behalf of that holder and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee.  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 any series at the time Outstanding may at any time remove the Trustee with respect to such series by so notifying the Trustee and the Company and may appoint a successor Trustee for such series with the consent of the Company.

 

(d)   Any resignation or removal of the Trustee and appointment of a successor trustee with respect to the Securities of a series pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11.

 

(e)   Any successor trustee appointed pursuant to this Section may be appointed with respect to the Securities of one or more series or all of such series, and at any time there shall be only one Trustee with respect to the Securities of any particular series.

 

Section 7.11         Acceptance of Appointment By Successor.

 

(a)   In case of the appointment hereunder of a successor trustee with respect to all Securities, every such successor trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor trustee all the rights, powers, and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor trustee all property and money held by such retiring Trustee hereunder.

 

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(b)   In case of the appointment hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and each successor trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor trustee shall accept such appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates, (ii) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (iii) 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, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible for any act or failure to act on the part of any other Trustee hereunder; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall with respect to the Securities of that or those series to which the appointment of such successor trustee relates have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture, and each such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates; but, on request of the Company or any successor trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor trustee relates.

 

(c)   Upon request of any such successor trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be.

 

(d)   No successor trustee shall accept its appointment unless at the time of such acceptance such successor trustee shall be qualified and eligible under this Article.

 

(e)   Upon acceptance of appointment by a successor trustee as provided in this Section, the Company shall transmit notice of the succession of such trustee hereunder by mail, first class postage prepaid, to the Securityholders, as their names and addresses appear upon the Security Register.  If the Company fails to transmit such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be transmitted at the expense of the Company.

 

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Section 7.12         Merger, Conversion, Consolidation or Succession to Business.

 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, including the administration of the trust created by this Indenture, shall be the successor of the Trustee hereunder, provided that such corporation shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section 7.09, 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 any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities.

 

Section 7.13         Preferential Collection of Claims Against the Company.

 

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

 

Section 7.14         Notice of Default.

 

If any Event of Default occurs and is continuing and if such Event of Default is known to a Responsible Officer of the Trustee, the Trustee shall mail to each Securityholder in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act notice of the Event of Default within the earlier of 90 days after it occurs and 30 days after it is known to a Responsible Officer of the Trustee or written notice of it is received by the Trustee, unless such Event of Default has been cured; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on any Security, the Trustee shall be protected in withholding such notice if and so long as the Responsible Officers of the Trustee in good faith determine that the withholding of such notice is in the interest of the Securityholders.

 

ARTICLE 8

 

CONCERNING THE SECURITYHOLDERS

 

Section 8.01         Evidence of Action by Securityholders.

 

Whenever in this Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the Securities of a particular series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of such majority or specified percentage of that series have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Securities of that series in person or by agent or proxy appointed in writing.

 

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If the Company shall solicit from the Securityholders of any series any request, demand, authorization, direction, notice, consent, waiver or other action, the Company may, at its option, as evidenced by an Officer’s Certificate, fix in advance a record date for such series for the determination of Securityholders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation to do so.  If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other action may be given before or after the record date, but only the Securityholders of record at the close of business on the record date shall be deemed to be Securityholders for the purposes of determining whether Securityholders of the requisite proportion of Outstanding Securities of that series have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action, and for that purpose the Outstanding Securities of that series shall be computed as of the record date; provided, however, that no such authorization, agreement or consent by such Securityholders on the record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date.

 

Section 8.02                            Proof of Execution by Securityholders.

 

Subject to the provisions of Section 7.01, proof of the execution of any instrument by a Securityholder (such proof will not require notarization) or his or her agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner:

 

(a)         The fact and date of the execution by any such Person of any instrument may be proved in any reasonable manner acceptable to the Trustee.

 

(b)         The ownership of Securities shall be proved by the Security Register of such Securities or by a certificate of the Security Registrar thereof.

 

The Trustee may require such additional proof of any matter referred to in this Section as it shall deem necessary.

 

Section 8.03                            Who May be Deemed Owners.

 

Prior to the due presentment for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security Registrar may deem and treat the Person in whose name such Security shall be registered upon the books of the Security Registrar as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject to Section 2.03) interest on such Security and for all other purposes; and neither the Company nor the Trustee nor any paying agent nor any Security Registrar shall be affected by any notice to the contrary.

 

37

 

Section 8.04                            Certain Securities Owned by Company Disregarded.

 

In determining whether the holders of the requisite aggregate principal amount of Securities of a particular series have concurred in any direction, consent or waiver under this Indenture, the Securities of that series that are owned by the Company or any other obligor on the Securities of that series or by any Person directly or indirectly controlling or controlled by or under common control with the Company or any other obligor on the Securities of that series 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 of such series that the Trustee actually knows are so owned shall be so disregarded.  The Securities so owned that have been pledged in good faith may be regarded as Outstanding for the purposes of this Section, if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not a Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other obligor.  In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection to the Trustee.

 

Section 8.05                            Actions Binding on Future Securityholders.

 

At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action, any holder of a Security of that series that is shown by the evidence to be included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee, and upon proof of holding as provided in Section 8.02, 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 Security issued in exchange therefor, on registration of transfer thereof or in place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security.  Any action taken by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the holders of all the Securities of that series.

 

ARTICLE 9

 

SUPPLEMENTAL INDENTURES

 

Section 9.01                            Supplemental Indentures Without the Consent of Securityholders.

 

In addition to any supplemental indenture otherwise authorized by this Indenture, the Company and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect), without the consent of the Securityholders, for one or more of the following purposes:

 

(a)         to cure any ambiguity, defect, or inconsistency herein or in the Securities of any series;

 

38

 

(b)         to comply with Article Ten;

 

(c)          to provide for uncertificated Securities in addition to or in place of certificated Securities;

 

(d)         to add to the covenants, restrictions, conditions or provisions relating to the Company for the benefit of the holders of all or any series of Securities (and if such covenants, restrictions, conditions or provisions are to be for the benefit of less than all series of Securities, stating that such covenants, restrictions, conditions or provisions are expressly being included solely for the benefit of such series), to make the occurrence, or the occurrence and the continuance, of a default in any such additional covenants, restrictions, conditions or provisions an Event of Default, or to surrender any right or power herein conferred upon the Company;

 

(e)          to add to, delete from, or revise the conditions, limitations, and restrictions on the authorized amount, terms, or purposes of issue, authentication, and delivery of Securities, as herein set forth;

 

(f)           to make any change that does not adversely affect the rights of any Securityholder in any material respect;

 

(g)         to provide for the issuance of and establish the form and terms and conditions of the Securities of any series as provided in Section 2.01, to establish the form of any certifications required to be furnished pursuant to the terms of this Indenture or any series of Securities, or to add to the rights of the holders of any series of Securities;

 

(h)         to evidence and provide for the acceptance of appointment hereunder by a successor trustee; or

 

(i)            to comply with any requirements of the Commission or any successor in connection with the qualification of this Indenture under the Trust Indenture Act.

 

The Trustee is hereby authorized to join with the Company in the execution of any such supplemental indenture, and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture that 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 by the Company and the Trustee without the consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02.

 

Section 9.02                            Supplemental Indentures With Consent of Securityholders.

 

With the consent (evidenced as provided in Section 8.01) of the holders of not less than a majority in aggregate principal amount of the Securities of each series affected by such supplemental indenture or indentures at the time Outstanding, the Company, when authorized by a Board Resolution, and the Trustee may from time to time and at any time enter into an

 

39

 

indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect) 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 not covered by Section 9.01 the rights of the holders of the Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the holders of each Security then Outstanding and affected thereby, (a) extend the fixed maturity of any Securities of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof or (b) reduce the aforesaid percentage of Securities, the holders of which are required to consent to any such supplemental indenture.

 

It shall not be necessary for the consent of the Securityholders of any series affected thereby 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.

 

Section 9.03                            Effect of Supplemental Indentures.

 

Upon the execution of any supplemental indenture pursuant to the provisions of this Article or of Section 10.01, this Indenture shall, with respect to such series, 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 Company and the holders of Securities of the 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 9.04                            Securities Affected by Supplemental Indentures.

 

Securities of any series affected by a supplemental indenture, authenticated and delivered after the execution of such supplemental indenture pursuant to the provisions of this Article or of Section 10.01, may bear a notation in form approved by the Company, provided such form meets the requirements of any securities exchange upon which such series may be listed, as to any matter provided for in such supplemental indenture.  If the Company shall so determine, new Securities of that series so modified as to conform, in the opinion of the Board of Directors, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange for the Securities of that series then Outstanding.

 

Section 9.05                            Execution of Supplemental Indentures.

 

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

 

40

 

an Officer’s Certificate or an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or permitted by the terms of this Article and that all conditions precedent to the execution of the supplemental indenture have been complied with; provided, however, that such Officer’s Certificate or Opinion of Counsel need not be provided in connection with the execution of a supplemental indenture that establishes the terms of a series of Securities pursuant to Section 2.01 hereof.

 

Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Company shall (or shall direct the Trustee to) transmit by mail, first class postage prepaid, a notice, setting forth in general terms the substance of such supplemental indenture, to the Securityholders of all series affected thereby .as their names and addresses appear upon the Security Register. Any failure of the Company to mail, or cause the mailing of, such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.

 

ARTICLE 10

 

SUCCESSOR ENTITY

 

Section 10.01                     Company May Consolidate, Etc.

 

Nothing contained in this Indenture shall prevent any consolidation or merger of the Company with or into any other Person (whether or not affiliated with the Company) or successive consolidations or mergers in which the Company or its successor or successors shall be a party or parties, or shall prevent any sale, conveyance, transfer or other disposition of the property of the Company or its successor or successors as an entirety, or substantially as an entirety, to any other Person (whether or not affiliated with the Company or its successor or successors); provided, however, the Company hereby covenants and agrees that, upon any such consolidation or merger (in each case, if the Company is not the survivor of such transaction) or any such sale, conveyance, transfer or other disposition (other than a sale, conveyance, transfer or other disposition to a Subsidiary of the Company), the due and punctual payment of the principal of (premium, if any) and interest on all of the Securities of all series in accordance with the terms of each series, according to their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture with respect to each series or established with respect to such series pursuant to Section 2.01 to be kept or performed by the Company shall be expressly assumed, by supplemental indenture (which shall conform to the provisions of the Trust Indenture Act, as then in effect) reasonably satisfactory in form to the Trustee executed and delivered to the Trustee by the entity formed by such consolidation, or into which the Company shall have been merged, or by the entity which shall have acquired such property.

 

Section 10.02                     Successor Entity Substituted.

 

(a)         In case of any such consolidation, merger, sale, conveyance, transfer or other disposition and upon the assumption by the successor entity by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the obligations set forth under Section 10.01 on all of the Securities of all series Outstanding, such successor entity shall succeed to and be substituted for the Company with the same effect as if it had been

 

41

 

named as the Company herein, and thereupon the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Securities.

 

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

 

(c)          Nothing contained in this Article shall require any action by the Company in the case of a consolidation or merger of any Person into the Company where the Company is the survivor of such transaction, or the acquisition by the Company, by purchase or otherwise, of all or any part of the property of any other Person (whether or not affiliated with the Company).

 

ARTICLE 11

 

SATISFACTION AND DISCHARGE

 

Section 11.01                     Satisfaction and Discharge of Indenture.

 

If at any time: (a) the Company shall have delivered to the Trustee for cancellation all Securities of a series theretofore authenticated and not delivered to the Trustee for cancellation (other than any Securities that shall have been destroyed, lost or stolen and that shall have been replaced or paid as provided in Section 2.07 and Securities for whose payment money or Governmental Obligations have theretofore been deposited in trust or segregated and held in trust by the Company and thereupon repaid to the Company or discharged from such trust, as provided in Section 11.05); or (b) all such Securities of a particular 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 under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the Company shall deposit or cause to be deposited with the Trustee as trust funds the entire amount in moneys or Governmental Obligations or a combination thereof, sufficient in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay at maturity or upon redemption all Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder with respect to such series by the Company then this Indenture shall thereupon cease to be of further effect with respect to such series except for the provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10, that shall survive until the date of maturity or redemption date, as the case may be, and Sections 7.06 and 11.05, that shall survive to such date and thereafter, and the Trustee, on demand of the Company and at the cost and expense of the Company shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to such series.

 

Section 11.02                     Discharge of Obligations.

 

If at any time all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable as described in Section 11.01

 

42

 

shall have been paid by the Company by depositing irrevocably with the Trustee as trust funds moneys or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of that series not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder by the Company with respect to such series, then after the date such moneys or Governmental Obligations, as the case may be, are deposited with the Trustee the obligations of the Company under this Indenture with respect to such series shall cease to be of further effect except for the provisions of Sections 2.03, 2.05, 2.07, 4,01, 4.02, 4,03, 7.06, 7.10 and 11.05 hereof that shall survive until such Securities shall mature and be paid.

 

Thereafter, Sections 7.06 and 11.05 shall survive.

 

Section 11.03                     Deposited Moneys to be Held in Trust.

 

All moneys or Governmental Obligations deposited with the Trustee pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own paying agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee.

 

Section 11.04                     Payment of Moneys Held by Paying Agents.

 

In connection with the satisfaction and discharge of this Indenture all moneys or Governmental Obligations then held by any paying agent under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys or Governmental Obligations.

 

Section 11.05                     Repayment to Company.

 

Any moneys or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment of principal of or premium, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least two years after the date upon which the principal of (and premium, if any) or interest on such Securities shall have respectively become due and payable, or such other shorter period set forth in applicable escheat or abandoned or unclaimed property law, shall be repaid to the Company on May 31 of each year or upon the Company’s request or (if then held by the Company) shall be discharged from such trust; and thereupon the paying agent and the Trustee shall be released from all further liability with respect to such moneys or Governmental Obligations, and the holder of any of the Securities entitled to receive such payment shall thereafter, as a general creditor, look only to the Company for the payment thereof.

 

43

 

ARTICLE 12

 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

 

Section 12.01                     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 Company or of any predecessor or successor corporation, either directly or through the Company 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 Company 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.

 

ARTICLE 13

 

MISCELLANEOUS PROVISIONS

 

Section 13.01                     Effect on Successors and Assigns.

 

All the covenants, stipulations, promises and agreements in this Indenture made by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not.

 

Section 13.02                     Actions by Successor.

 

Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company 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 Company.

 

Section 13.03                     Surrender of Company Powers.

 

The Company by instrument in writing executed by authority of its Board of Directors and delivered to the Trustee may surrender any of the powers reserved to the Company, and thereupon such power so surrendered shall terminate both as to the Company and as to any successor corporation.

 

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Section 13.04                     Notices.

 

Except as otherwise expressly provided herein, any notice, request or demand that by any provision of this Indenture is required or permitted to be given, made or served by the Trustee, the Security Registrar, any paying or other agent under this Indenture or by the holders of Securities or by any other Person pursuant to this Indenture to or on the Company may be given or served by being deposited in first class mail, postage prepaid, addressed (until another address is filed in writing by the Company with the Trustee), as follows: Senseonics Holdings, Inc., 20451 Seneca Meadows Parkway, Germantown, Maryland 20876-7005, Attention: Chief Financial Officer.  Any notice, election, request or demand by the Company or any Securityholder or by any other Person pursuant to this Indenture to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes, if given or made in writing at the Corporate Trust Office of the Trustee.

 

Section 13.05                     Governing Law; Jury Trial Waiver.

 

This Indenture and each Security shall be governed by, and construed in accordance with, the internal laws of the State of New York, except to the extent that the Trust Indenture Act is applicable.

 

EACH PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE.

 

Section 13.06                     Treatment of Securities as Debt.

 

It is intended that the Securities will be treated as indebtedness and not as equity for federal income tax purposes.  The provisions of this Indenture shall be interpreted to further this intention.

 

Section 13.07                     Certificates and Opinions as to Conditions Precedent.

 

(a)         Upon any application or demand by the Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that all conditions precedent provided for in this Indenture (other than the certificate to be delivered pursuant to Section 13.12) relating to the proposed action have been complied with and, if requested, 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.

 

(b)         Each certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant in this Indenture (other than the certificate to be delivered pursuant to Section 13.12 or Section 314(a)(1) of the Trust

 

45

 

Indenture Act) shall include (i) a statement that the Person making such certificate or opinion has read such covenant or condition; (ii) 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; (iii) a statement that, in the opinion of such Person, he has made such examination or investigation as is reasonably necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and (iv) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with.

 

Section 13.08                     Payments on Business Days.

 

Except as provided pursuant to Section 2.01 pursuant to a Board Resolution, and set forth in an Officer’s Certificate, or established in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security shall not be a Business Day, then payment of interest or principal (and premium, if any) may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue for the period after such nominal date.

 

Section 13.09                     Conflict with Trust Indenture Act.

 

If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Section 318(c) of the Trust Indenture Act, such imposed duties shall control.

 

Section 13.10                     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.  The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

Section 13.11                     Separability.

 

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.

 

Section 13.12                     Compliance Certificates.

 

The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year during which any Securities of any series were outstanding, an officer’s certificate stating whether or not the signers know of any Event of Default that occurred during such fiscal year. 

 

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Such certificate shall contain a certification from the principal executive officer, principal financial officer or principal accounting officer of the Company that a review has been conducted of the activities of the Company and the Company’s performance under this Indenture and that the Company has complied with all conditions and covenants under this Indenture.  For purposes of this Section 13.12, such compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture.  If the officer of the Company signing such certificate has knowledge of such an Event of Default, the certificate shall describe any such Event of Default and its status.

 

Section 13.13                     U.S.A Patriot Act.

 

The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee.  The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act.

 

Section 13.14                     Force Majeure.

 

In no event shall the Trustee, the Security Registrar, any paying agent or any other agent under this Indenture be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions or utilities, communications or computer (software and hardware) services; it being understood that the Trustee, the Security Registrar, any paying agent or any other agent under this Indenture shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

 

Section 13.15                     Table of Contents; Headings.

 

The table of contents and headings of the articles and sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof, and will not modify or restrict any of the terms or provisions hereof.

 

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

 

	
 
    	
SENSEONICS HOLDINGS, INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
[TRUSTEE], as   Trustee
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    
	
 
    	
Title:
    	
 
    

 

48

 

CROSS-REFERENCE TABLE (1)

 

	
Section of Trust Indenture Act of 1939, as Amended
    	
 
    	
Section of Indenture
    
	
310(a)
    	
 
    	
7.09
    
	
310(b)
    	
 
    	
7.08
    
	
 
    	
 
    	
7.10
    
	
310(c)
    	
 
    	
Inapplicable
    
	
311(a)
    	
 
    	
7.13
    
	
311(b)
    	
 
    	
7.13
    
	
311(c)
    	
 
    	
Inapplicable
    
	
312(a)
    	
 
    	
5.01
    
	
 
    	
 
    	
5.02(a)
    
	
312(b)
    	
 
    	
5.02(c)
    
	
312(c)
    	
 
    	
5.02(c)
    
	
313(a)
    	
 
    	
5.04(a)
    
	
313(b)
    	
 
    	
5.04(b)
    
	
313(c)
    	
 
    	
5.04(a)
    
	
 
    	
 
    	
5.04(b)
    
	
313(d)
    	
 
    	
5.04(c)
    
	
314(a)
    	
 
    	
5.03
    
	
 
    	
 
    	
13.12
    
	
314(b)
    	
 
    	
Inapplicable
    
	
314(c)
    	
 
    	
13.07(a)
    
	
314(d)
    	
 
    	
Inapplicable
    
	
314(e)
    	
 
    	
13.07(b)
    
	
314(f)
    	
 
    	
Inapplicable
    
	
315(a)
    	
 
    	
7.01(a)
    
	
 
    	
 
    	
7.01(b)
    
	
315(b)
    	
 
    	
7.14
    
	
315(c)
    	
 
    	
7.01
    
	
315(d)
    	
 
    	
7.01(b)
    
	
315(e)
    	
 
    	
6.07
    
	
316(a)
    	
 
    	
6.06
    
	
 
    	
 
    	
8.04
    
	
316(b)
    	
 
    	
6.04
    
	
316(c)
    	
 
    	
8.01
    
	
317(a)
    	
 
    	
6.02
    
	
317(b)
    	
 
    	
4.03
    
	
318(a)
    	
 
    	
13.09
    

 

(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.

 

49

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}]]