Document:

Exhibit 4.8

 Exhibit 4.8 
  

 
  

MPG Holdco I Inc. 
 as
the Company, 
 and 

Wilmington Trust, National Association 

as Trustee 
  

 
 Indenture

 Dated as of
                            ,          

 
  

 
  

 
  
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
			
	 Section 1.01.
	  	Definitions	  	 	1	  
			
	 Section 1.02.
	  	Other Definitions	  	 	7	  
			
	 Section 1.03.
	  	Incorporation by Reference of Trust Indenture Act	  	 	7	  
			
	 Section 1.04.
	  	Rules of Construction	  	 	8	  
		
	 ARTICLE II THE SECURITIES
	  	 	8	  
			
	 Section 2.01.
	  	Form and Dating	  	 	8	  
			
	 Section 2.02.
	  	Execution And Authentication	  	 	8	  
			
	 Section 2.03.
	  	Amount Unlimited; Issuable in Series	  	 	10	  
			
	 Section 2.04.
	  	Denomination and Date of Securities; Payments of Interest	  	 	12	  
			
	 Section 2.05.
	  	Registrar and Paying Agent; Agents Generally	  	 	12	  
			
	 Section 2.06.
	  	Paying Agent to Hold Money in Trust	  	 	13	  
			
	 Section 2.07.
	  	Transfer and Exchange	  	 	13	  
			
	 Section 2.08.
	  	Replacement Securities	  	 	15	  
			
	 Section 2.09.
	  	Outstanding Securities	  	 	16	  
			
	 Section 2.10.
	  	Temporary Securities	  	 	16	  
			
	 Section 2.11.
	  	Cancellation	  	 	16	  
			
	 Section 2.12.
	  	CUSIP Numbers	  	 	17	  
			
	 Section 2.13.
	  	Defaulted Interest	  	 	17	  
		
	 ARTICLE III REDEMPTION
	  	 	17	  
			
	 Section 3.01.
	  	Applicability of Article	  	 	17	  
			
	 Section 3.02.
	  	Notice of Redemption; Partial Redemptions	  	 	17	  
			
	 Section 3.03.
	  	Payment of Securities Called for Redemption	  	 	18	  
			
	 Section 3.04.
	  	Exclusion of Certain Securities from Eligibility for Selection for Redemption	  	 	19	  
			
	 Section 3.05.
	  	Mandatory and Optional Sinking Funds	  	 	19	  
		
	 ARTICLE IV COVENANTS
	  	 	21	  
			
	 Section 4.01.
	  	Payment of Securities	  	 	21	  
			
	 Section 4.02.
	  	Maintenance of Office or Agency	  	 	21	  
			
	 Section 4.03.
	  	Certificate to Trustee	  	 	22	  
		
	 ARTICLE V SUCCESSOR CORPORATION
	  	 	22	  
			
	 Section 5.01.
	  	When Company May Merge, Etc.	  	 	22	  

  
 i 

 TABLE OF CONTENTS 

(cont.) 
  

							
	 	  	 	  	Page	 
	 Section 5.02.
	  	Successor Substituted	  	 	23	  
		
	 ARTICLE VI SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
	  	 	23	  
			
	 Section 6.01.
	  	Securityholders’ Lists	  	 	23	  
			
	 Section 6.02.
	  	Preservation of Information; Communications with Securityholders	  	 	23	  
			
	 Section 6.03.
	  	Reports by the Company	  	 	23	  
		
	 ARTICLE VII DEFAULT AND REMEDIES
	  	 	24	  
			
	 Section 7.01.
	  	Events of Default	  	 	24	  
			
	 Section 7.02.
	  	Acceleration	  	 	24	  
			
	 Section 7.03.
	  	Other Remedies	  	 	25	  
			
	 Section 7.04.
	  	Waiver of Past Defaults	  	 	25	  
			
	 Section 7.05.
	  	Control by Majority	  	 	25	  
			
	 Section 7.06.
	  	Limitation on Suits	  	 	26	  
			
	 Section 7.07.
	  	Rights of Holders to Receive Payment	  	 	26	  
			
	 Section 7.08.
	  	Collection Suit by Trustee	  	 	26	  
			
	 Section 7.09.
	  	Trustee May File Proofs of Claim	  	 	26	  
			
	 Section 7.10.
	  	Application of Proceeds	  	 	27	  
			
	 Section 7.11.
	  	Restoration of Rights and Remedies	  	 	27	  
			
	 Section 7.12.
	  	Undertaking for Costs	  	 	28	  
			
	 Section 7.13.
	  	Rights and Remedies Cumulative	  	 	28	  
			
	 Section 7.14.
	  	Delay or Omission Not Waiver	  	 	28	  
		
	 ARTICLE VIII TRUSTEE
	  	 	28	  
			
	 Section 8.01.
	  	General	  	 	28	  
			
	 Section 8.02.
	  	Certain Rights of Trustee	  	 	28	  
			
	 Section 8.03.
	  	Individual Rights of Trustee	  	 	30	  
			
	 Section 8.04.
	  	Trustee’s Disclaimer	  	 	30	  
			
	 Section 8.05.
	  	Notice of Default	  	 	30	  
			
	 Section 8.06.
	  	Reports by Trustee to Holders	  	 	31	  
			
	 Section 8.07.
	  	Compensation and Indemnity	  	 	31	  
			
	 Section 8.08.
	  	Disqualification; Conflicting Interests	  	 	32	  
			
	 Section 8.09.
	  	Corporate Trustee Required; Eligibility	  	 	32	  
			
	 Section 8.10.
	  	Replacement of Trustee	  	 	32	  
			
	 Section 8.11.
	  	Acceptance of Appointment by Successor	  	 	33	  

  
 ii 

 TABLE OF CONTENTS 

(cont.) 
  

							
	 	  	 	  	Page	 
	 Section 8.12.
	  	Successor Trustee By Merger, Etc.	  	 	33	  
			
	 Section 8.13.
	  	[Reserved]	  	 	34	  
			
	 Section 8.14.
	  	Money Held in Trust	  	 	34	  
			
	 Section 8.15.
	  	Preferential Collection of Claims Against the Company	  	 	34	  
		
	 ARTICLE IX SECURITYHOLDERS
	  	 	34	  
			
	 Section 9.01.
	  	Evidence of Action by Securityholders	  	 	34	  
			
	 Section 9.02.
	  	Proof of Execution by Securityholders	  	 	34	  
			
	 Section 9.03.
	  	Certain Securities Owned by Company Disregarded	  	 	35	  
		
	 ARTICLE X SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS
	  	 	35	  
			
	 Section 10.01.
	  	Satisfaction and Discharge of Indenture	  	 	35	  
			
	 Section 10.02.
	  	Application by Trustee of Funds Deposited for Payment of Securities	  	 	36	  
			
	 Section 10.03.
	  	Repayment of Moneys Held by Paying Agent	  	 	36	  
			
	 Section 10.04.
	  	Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years	  	 	36	  
			
	 Section 10.05.
	  	Defeasance and Discharge of Indenture	  	 	36	  
			
	 Section 10.06.
	  	Defeasance of Certain Obligations	  	 	37	  
			
	 Section 10.07.
	  	Reinstatement	  	 	38	  
			
	 Section 10.08.
	  	Indemnity	  	 	39	  
			
	 Section 10.09.
	  	Excess Funds	  	 	39	  
			
	 Section 10.10.
	  	Qualifying Trustee	  	 	39	  
		
	 ARTICLE XI AMENDMENTS, SUPPLEMENTS AND WAIVERS
	  	 	39	  
			
	 Section 11.01.
	  	Without Consent of Holders	  	 	39	  
			
	 Section 11.02.
	  	With Consent of Holders	  	 	40	  
			
	 Section 11.03.
	  	Revocation and Effect of Consent	  	 	41	  
			
	 Section 11.04.
	  	Notation on or Exchange of Securities	  	 	41	  
			
	 Section 11.05.
	  	Trustee to Sign Amendments, Etc.	  	 	41	  
			
	 Section 11.06.
	  	Conformity with Trust Indenture Act	  	 	41	  
		
	 ARTICLE XII MISCELLANEOUS
	  	 	41	  
			
	 Section 12.01.
	  	Trust Indenture Act of 1939	  	 	41	  
			
	 Section 12.02.
	  	Notices	  	 	42	  
			
	 Section 12.03.
	  	Certificate and Opinion as to Conditions Precedent	  	 	43	  
			
	 Section 12.04.
	  	Statements Required in Certificate or Opinion	  	 	43	  
			
	 Section 12.05.
	  	Evidence of Ownership	  	 	43	  

  
 iii 

 TABLE OF CONTENTS 

(cont.) 
  

							
	 	  	 	  	Page	 
	 Section 12.06.
	  	Rules by Trustee, Paying Agent or Registrar	  	 	43	  
			
	 Section 12.07.
	  	Payment Date Other Than a Business Day	  	 	44	  
			
	 Section 12.08.
	  	Governing Law	  	 	44	  
			
	 Section 12.09.
	  	No Adverse Interpretation of Other Agreements	  	 	44	  
			
	 Section 12.10.
	  	Successors	  	 	44	  
			
	 Section 12.11.
	  	Duplicate Originals	  	 	44	  
			
	 Section 12.12.
	  	Separability	  	 	44	  
			
	 Section 12.13.
	  	Table of Contents, Headings, Etc.	  	 	44	  
			
	 Section 12.14.
	  	Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability	  	 	44	  
			
	 Section 12.15.
	  	Waiver of Jury Trial	  	 	44	  
			
	 Section 12.16.
	  	Force Majeure	  	 	44	  
			
	 Section 12.17.
	  	U.S.A. Patriot Act	  	 	45	  

  
 iv 

 Cross Reference Table* 

 

			
	 Section of Trust Indenture

Act of 1939, as amended
	  	 Section of

Indenture

	             310(a)
	  	
                          
  8.01

                          
  8.10

                          
  10.06(a)

	             310(b)
	  	                            8.03
		  	                            8.08
		  	                            8.10
		  	                            8.11
	             311(a)
	  	                            8.15
	             311(b)
	  	                            8.03
		  	                            8.15
	             312(a)
	  	                            6.01
		  	                            6.02(a)
	             312(b)
	  	                            6.02(b)
	             312(c)
	  	                            6.02(b)
	             313(a)
	  	                            8.06
	             313(b)
	  	                            8.06
	             313(c)
	  	
                          
  3.02

                          
  8.05

                          
  8.06

                          
  12.02

	             313(d)
	  	                            8.06
	             314(a)
	  	
                          
  4.03

                          
  6.03

	             314(b)
	  	                            Inapplicable
	             314(c)
	  	
                          
  12.03

                          
  12.04

	             314(d)
	  	                            Inapplicable
	             314(e)
	  	                            12.04
	             314(f)
	  	                            Inapplicable
	             315(a)
	  	
                          
  8.01

                          
  8.02

	             315(b)
	  	                            8.05
	             315(c)
	  	                            8.01
	             315(d)
	  	
                          
  8.01

                          
  8.02

	             315(e)
	  	                            7.12
	             316(a)
	  	
                          
  7.05

                          
  9.03

	             316(b)
	  	                            7.07
	             316(c)
	  	                            9.01
	             317(a)
	  	
                          
  7.08

                          
  7.09

	             317(b)
	  	
                          
  2.05

                          
  2.06

	             318(a)
	  	                            12.01

  

	* 	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. 

 INDENTURE, dated as of
                            , between MPG Holdco I, a Delaware corporation, as the Company, and Wilmington
Trust, National Association, as Trustee. 
 RECITALS OF THE COMPANY 

WHEREAS, the Company has duly authorized the issue from time to time of notes, bonds, debentures or other evidences of indebtedness to
be issued in one or more series (the “Securities”) up to such principal amount or amounts as may from time to time be authorized in accordance with the terms of this Indenture and to provide, among other things, for the
authentication, delivery and administration thereof, the Company has duly authorized the execution and delivery of this Indenture; and 

WHEREAS, all things necessary to make this Indenture a valid indenture and agreement according to its terms have been done. 

NOW, THEREFORE: 

In consideration of the premises and the purchases of the Securities by the holders thereof, the Company and the Trustee mutually covenant and
agree for the equal and proportionate benefit of the respective holders from time to time of the Securities or of any and all series thereof as follows: 

ARTICLE I 
 DEFINITIONS
AND INCORPORATION BY REFERENCE 
 Section 1.01. Definitions.  

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the
ownership of voting securities, by agreement or otherwise. 
 “Agent” means any Registrar, Paying Agent, transfer
agent or Authenticating Agent. 
 “Board Resolution” means one or more resolutions of the board of directors of the Company
or any authorized committee thereof, certified by the secretary or an assistant secretary to have been duly adopted and to be in full force and effect on the date of certification, and delivered to the Trustee. 

“Business Day” means each day that is not a Legal Holiday. 

“Capital Stock” means: 

(1) in the case of a corporation, shares in the capital of such corporation; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of capital stock; 
 (3) in the case of a partnership or limited liability company, partnership or membership interests (whether
general or limited); and 
 (4) any other interest or participation that confers on a Person the right to receive a share of the profits and
losses of, or distributions of assets of, the issuing Person. 

 “Capitalized Lease Obligation” means, at the time any determination thereof is
to be made, the amount of the liability in respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) prepared in accordance with GAAP. 

“Closing Date” means the date on which any series of Securities was originally issued under this Indenture. 

“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 the party named as such in the first paragraph of this Indenture until a successor replaces it pursuant to
ARTICLE V of this Indenture and thereafter means the successor. 
 “Contingent Obligations” means, with respect to any
Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly
or indirectly, including, without limitation, any obligation of such Person, whether or not contingent. 
 (1) to purchase any such primary
obligation or any property constituting direct or indirect security therefor; 
 (2) to advance or supply funds: 

(a) for the purchase or payment of any such primary obligation; or 

(b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of
the primary obligor; or 
 (3) to purchase property, securities or services primarily for the purpose of assuring the owner of any such
primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business related
to this Indenture shall be principally administered, which office at the date of the execution of this instrument is located at 50 South Sixth Street, Suite 1290, Minneapolis, Minnesota 55402, Attention: MPG Holdco I Administrator, or such other
address as the Trustee may designate from time to time by notice to the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the
Company). 
 “Default” means any event that is, or with the passage of time or the giving of notice or both would be, an
Event of Default. 
 “Depositary” means, with respect to the Securities of any series issuable or issued in the form of one
or more Registered Global Securities, the Person designated as Depositary by the Company pursuant to Section 2.03. until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter
“Depositary” shall mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall
mean the Depositary with respect to the Registered Global Securities of that series. 

  
 2 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of
the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a
significant segment of the accounting profession which are in effect on the date of this Indenture. 
 “Guarantee” means
any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of
such Person (1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets,
goods, securities or services (unless such purchase arrangements are on arm’s-length terms and are entered into in the ordinary course of business), to take-or-pay, or to maintain financial statement conditions or otherwise) or (2) entered
into for purposes of assuring in any other manner the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided that the term “Guarantee” shall not
include endorsements for collection or deposit in the ordinary course of business; any auction guarantees; supplier, purchaser or customer arrangements in the ordinary course of business; representations, warranties, covenants and indemnities
entered into by the Company or any Subsidiary which are reasonably customary in sale, factoring or securitization of receivables financings; or “comfort” letters delivered to auditors in connection with statutory audits. The term
“Guarantee” used as a verb has a corresponding meaning. 
 “Hedging Obligations” means, with respect to any
Person, the obligations of such Person under any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, commodity swap agreement, commodity cap agreement, commodity collar agreement, foreign exchange contract,
currency swap agreement or similar agreement providing for the transfer or mitigation of interest rate, commodity price or currency risks either generally or under specific contingencies (including, for the avoidance of doubt, under all
“Hedging Obligations” as defined in the Senior Credit Facilities). 
 “Holder” or
“Securityholder” means the registered holder of any Security with respect to Registered Securities. 

“Indebtedness” means, with respect to any Person, without duplication: 

(1) any indebtedness (including principal and premium) of such Person, whether or not contingent: 

(a) in respect of borrowed money; 

(b) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without
duplication, reimbursement agreements in respect thereof); 
 (c) representing the balance deferred and unpaid of the
purchase price of any property (including Capitalized Lease Obligations), except (i) any such balance that constitutes an obligation in respect of a commercial letter of credit, a trade payable or similar obligation, in each case accrued in the
ordinary course of business, (ii) any earn-out obligations until such obligation 

  
 3 

 
becomes a liability on the balance sheet of such Person in accordance with GAAP and is not paid after becoming due and payable and (iii) any such obligations under ERISA or liabilities
associated with customer prepayments; or 
 (d) representing any Hedging Obligations; 

if and to the extent that any of the foregoing Indebtedness (other than letters of credit (other than commercial letters of credit) and Hedging Obligations)
would appear as a liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; 
 (2)
to the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the obligations of the type referred to in clause (1) of a third Person (whether or not such items would
appear upon the balance sheet of such obligor or guarantor), other than by endorsement of negotiable instruments for collection in the ordinary course of business; and 

(3) to the extent not otherwise included, the obligations of the type referred to in clause (1) of a third Person secured by a Lien on
any asset owned by such first Person, whether or not such Indebtedness is assumed by such first Person; provided, however, that the amount of such Indebtedness will be the lesser of (i) the fair market value of such asset at such date of
determination, and (ii) the amount of such Indebtedness of such other Person; provided, however, that notwithstanding the foregoing, Indebtedness shall be deemed not to include (1) Contingent Obligations incurred in the
ordinary course of business and (2) deferred or prepaid revenues. 
 “Indenture” means this Indenture as originally
executed and delivered or as it may be amended or supplemented from time to time by one or more indentures supplemental to this Indenture entered into pursuant to the applicable provisions of this Indenture and shall include the forms and terms of
the Securities of each series established as contemplated pursuant to Section 2.01 and Section 2.03. 
 “Legal
Holiday” means a Saturday, a Sunday or any other day on which commercial banking institutions are not required by law, regulation or executive order to be open in the State of New York or in the State at the place of payment. If a payment
date at a place of payment is on a Legal Holiday, payment shall be made at that place on the next succeeding Business Day, and no interest shall accrue on such payment for the intervening period. 

“Lien” means, with respect to any asset, any mortgage, lien, deed of trust, hypothecation, pledge, charge, security interest
or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional sale or other title retention agreement, any lease in the nature thereof); provided
that in no event shall an operating lease be deemed to constitute a Lien. 
 “Moody’s” means Moody’s Investors
Service, Inc. 
 “Officer” means the chairman of the board of directors, the chief executive officer, chief financial
officer, the president, any executive vice president, any senior vice president, any vice president, the treasurer or any assistant treasurer, or the secretary or any assistant secretary. 

“Officer’s Certificate” means a certificate signed in the name of the Company by the president, chief executive officer,
any vice president, chief financial officer, the treasurer or any assistant treasurer, the secretary or any assistant secretary of the Company and delivered to the Trustee. Each such certificate shall comply with Section 314 of the Trust
Indenture Act, if applicable, and include (except as otherwise expressly provided in this Indenture) the statements provided in Section 314(e) of the Trust Indenture Act. 

  
 4 

 “Opinion of Counsel” means a written opinion signed by legal counsel, who may be
an employee of or counsel to the Company, satisfactory to the Trustee. Each such opinion shall comply with Section 314 of the Trust Indenture Act, if applicable, and include the statements provided in Section 314(e) of the Trust Indenture
Act. 
 “original issue date” of any Security (or portion thereof) means the earlier of (a) the date of authentication
of such Security or (b) the date of any Security (or portion thereof) for which such Security was issued (directly or indirectly) on registration of transfer, exchange or substitution. 

“Original Issue Discount Security” means any Security that provides for an amount less than the Principal amount thereof to
be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 7.02. 
 “Periodic
Offering” means an offering of Securities of a series from time to time, the specific terms of which Securities, including, without limitation, the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and
the redemption provisions, if any, with respect thereto, are to be determined by the Company or its agents upon the issuance of such Securities. 

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

“Principal” of a Security means the principal amount due on the Stated Maturity as shown on such Security. 

“Rating Agencies” means (1) S&P and Moody’s or (2) if S&P or Moody’s or both of them are not
making ratings publicly available, a nationally recognized U.S. rating agency or agencies, as the case may be, selected by the Company, which will be substituted for S&P or Moody’s or both, as the case may be. 

“Rating Category” means (1) with respect to S&P, any of the following categories (any of which may include a
“+” or “-”): AAA, AA, A, BBB, BB, B, CCC, CC, C and D (or equivalent successor categories), (2) with respect to Moody’s, any of the following categories (any of which may include a “1,” “2” or
“3”): Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C and D (or equivalent successor categories) and (3) the equivalent of any such categories of S&P or Moody’s used by another Rating Agency, if applicable. 

“Registered Global Security” means a Security evidencing all or a part of a series of Registered Securities, issued to the
Depositary for such series in accordance with Section 2.02, and bearing the legend prescribed in Section 2.02. 

“Registered Security” means any Security registered on the Security Register (as defined in Section 2.05). 

“Responsible Officer” when used with respect to the Trustee, shall mean an officer of the Trustee in the Corporate Trust
Office, having direct responsibility for the administration of this Indenture, and also, with respect to a particular matter related to this Indenture, any other officer to whom such matter is referred because of such officer’s knowledge of and
familiarity with the particular subject. 
 “Securities” means any of the securities, as defined in the first paragraph of
the recitals hereof, that are authenticated and delivered under this Indenture. 

  
 5 

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

“Senior Credit Facilities” means (1) the credit agreements, dated as of October 20, 2014, among the Company, the
other borrowers and guarantors party thereto, the subsidiaries of the Company party thereto from time to time, the lenders party thereto from time to time in their capacities as lenders thereunder and Goldman Sachs Bank USA, as administrative agent
for the lenders including one or more debt facilities or other financing arrangements (including, without limitation, indentures) providing for term loans, revolving loans or other long-term indebtedness that replace or refinance such credit
facility, including any such replacement or refinancing facility or indenture that increases or decreases the amount permitted to be borrowed thereunder or alters the maturity thereof and whether by the same or any other agent, lender or group of
lenders, and any amendments, supplements, modifications, extensions, renewals, restatements, amendments and restatements or refundings thereof or any such indentures or credit facilities that replace or refinance such credit facility and
(2) whether or not the credit agreement referred to in clause (1) remains outstanding, if designated by the Company to be included in the definition of “Senior Credit Facilities,” one or more (i) debt facilities or
commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrower from lenders against such receivables) or
letters of credit, (ii) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees or bankers’ acceptances) or (iii) instruments or agreements evidencing any
other Indebtedness, in each case, with the same or different arrangements, agents, lenders, borrowers or issuer and, in each case, as amended, restated, amended and restated, supplemented, waived, renewed, refunded, replaced, restructured, repaid,
refinanced or otherwise modified in whole or in part from time to time. 
 “Stated Maturity” means when used with respect
to a Security or any installment of interest thereon, the date specified in such Security as the fixed date on which the principal amount of such Security or such installment of interest is due and payable. 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint
venture or other business entity of which more than 50% of the total voting power of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by such Person or one
or more of the other subsidiaries of such Person or a combination thereof; provided that in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interests in the nature of a
“qualifying share” of the former Person shall be deemed to be outstanding. 
 “S&P” means Standard &
Poor’s, a division of The McGraw-Hill Companies. 
 “Trustee” means the party named as such in the first paragraph of
this Indenture until a successor replaces it in accordance with the provisions of ARTICLE VIII and thereafter shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one such Person,
“Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb), as it may
be amended from time to time. 
 “U.S. Government Obligations” means securities that are (1) direct obligations of the
United States of America for the payment of which its full faith and credit is pledged or (2) obligations of a 

  
 6 

 
Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the full and timely payment of which is unconditionally guaranteed as a full faith
and credit obligation by the United States of America, which, 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 depository receipt
issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a
depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the
U.S. Government Obligation or the specific payment of interest on or principal of the U.S. Government Obligation evidenced by such depository receipt. 

“Yield to Maturity” means, as the context may require, the yield to maturity (i) on a series of Securities or
(ii) if the Securities of a series are issuable from time to time, on a Security of such series, calculated at the time of issuance of such series in the case of clause (i) or at the time of issuance of such Security of such series in the
case of clause (ii), or, if applicable, at the most recent redetermination of interest on such series or on such Security, and calculated in accordance with the constant interest method or such other accepted financial practice as is specified in
the terms of such Security. 
 Section 1.02. Other Definitions. Each of the following terms is defined in the section set
forth opposite such term: 
  

					
	 Term
	  	Section	 
	 Authenticating Agent
	  	 	2.02	  
	 cash transaction
	  	 	8.03	  
	 Event of Default
	  	 	7.01	  
	 mandatory sinking fund payment
	  	 	3.05	  
	 optional sinking fund payment
	  	 	3.05	  
	 Paying Agent
	  	 	2.05	  
	 record date
	  	 	2.04	  
	 Registrar
	  	 	2.05	  
	 Security Register
	  	 	2.05	  
	 self-liquidating paper
	  	 	8.03	  
	 sinking fund payment date
	  	 	3.05	  
	 Surviving Person
	  	 	5.01	  

 Section 1.03. Incorporation by Reference of Trust Indenture Act. Whenever this Indenture
refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in and made a part of this Indenture. The following terms used in this Indenture that are defined by the Trust Indenture Act have the following meanings:

 “indenture securities” means the Securities; 

“indenture security holder” means a Holder or a Securityholder; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; and 

“obligor” on the indenture securities means the Company or any other obligor on the Securities. 

  
 7 

 All other terms used in this Indenture that are defined by the Trust Indenture Act, defined by
reference in the Trust Indenture Act to another statute or defined by a rule of the Commission and not otherwise defined herein have the meanings assigned to them therein. 

Section 1.04. Rules of Construction. Unless the context otherwise requires: 

(a) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(b) words in the singular include the plural, and words in the plural include the singular; 

(c) “herein,” “hereof” and other words of similar import refer to this Indenture as a whole and not to any
particular Article, Section or other subdivision; 
 (d) all references to Sections or Articles refer to Sections or Articles
of this Indenture unless otherwise indicated; and 
 (e) use of masculine, feminine or neuter pronouns should not be deemed a
limitation, and the use of any such pronouns should be construed to include, where appropriate, the other pronouns. 
 ARTICLE II 

THE SECURITIES 

Section 2.01. Form and Dating. The Securities of each series shall be substantially in such form or forms (not inconsistent
with this Indenture) as shall be established by or pursuant to Sections 2.02, 2.03 and one or more Board Resolutions or in one or more indentures supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture and may have imprinted or otherwise reproduced thereon such legend or legends or endorsements, not inconsistent with the provisions of this Indenture, as may be required to comply with any
law, or with any rules of any securities exchange or usage or with the rules of the Depositary or the Indenture, all as may be determined by the officers executing such Securities as evidenced by their execution of the Securities.  

Section 2.02. Execution And Authentication. One Officer of the Company shall execute the Securities for the Company by
facsimile or manual signature in the name and on behalf of the Company. If an Officer of the Company whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall nevertheless be valid.
 
 The Trustee, at the expense of the Company, may appoint an authenticating agent (the “Authenticating Agent”) to
authenticate Securities. The Authenticating Agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such Authenticating Agent. 

A Security shall not be valid until the Trustee or Authenticating Agent signs, manually, the certificate of authentication on the Security.
The signature shall be conclusive evidence that the Security has been authenticated under 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 executed by the Company to the Trustee for authentication 

  
 8 

 
together with the applicable documents referred to below in this Section, and the Trustee shall thereupon authenticate and deliver such Securities to or upon the written order of the Company (an
“Authentication Order”). In authenticating any Securities of a series, the Trustee shall be entitled to receive prior to the authentication of any Securities of such series, and (subject to ARTICLE VIII) shall be fully protected in
relying upon, unless and until such documents have been superseded or revoked: 
 (a) any Board Resolution and/or executed
supplemental indenture referred to in Section 2.01 and Section 2.03 by or pursuant to which the forms and terms of the Securities of that series were established; 

(b) an Officer’s Certificate setting forth the form or forms and terms of the Securities, stating that the form or forms
and terms of the Securities of such series have been, or, in the case of a Periodic Offering, will be when established in accordance with such procedures as shall be referred to therein, established in compliance with this Indenture; and 

(c) an Opinion of Counsel substantially to the effect that the form or forms and terms of the Securities of such series have
been, or, in the case of a Periodic Offering, will be when established in accordance with such procedures as shall be referred to therein, established in compliance with this Indenture and that the supplemental indenture, to the extent applicable,
and Securities have been duly authorized and, if executed and authenticated in accordance with the provisions of the Indenture and delivered to and duly paid for by the purchasers thereof on the date of such opinion, would be entitled to the
benefits of the Indenture and would be valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, receivership, moratorium and other
similar laws affecting creditors’ rights generally, general principles of equity, and covering such other matters as shall be specified therein. 

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, liabilities or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 

Notwithstanding the provisions of Section 2.01 and Section 2.02, if, in connection with a Periodic Offering, all Securities of a
series are not to be originally issued at one time, it shall not be necessary to deliver the Board Resolution otherwise required pursuant to Section 2.01 or the Board Resolution and/or executed supplemental indenture, Officer’s Certificate
and Opinion of Counsel otherwise required pursuant to Section 2.02 at or prior to the authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security
of such series to be issued. 
 With respect to Securities of a series offered in a Periodic Offering, the Trustee may rely, as to the
authorization by the Company of any of such Securities, the forms and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and the other documents delivered pursuant to Section 2.01
and Section 2.02, as applicable, in connection with the first authentication of Securities of such series. 
 If the Company shall
establish pursuant to Section 2.03 that the Securities of a series or a portion thereof are to be issued in the form of one or more Registered Global Securities, then the Company shall execute and the Trustee shall authenticate and deliver one
or more Registered Global Securities that (i) shall represent and shall be denominated in an amount equal to the aggregate Principal amount of all of the Securities of such series issued in such form and not yet cancelled, (ii) shall be
registered in the name of the Depositary for such Registered Global Security or Securities or the nominee of such Depositary, 

  
 9 

 
(iii) shall be delivered by the Trustee to such Depositary or its custodian or pursuant to such Depositary’s instructions and (iv) shall (unless provided otherwise in the form of such
Security) bear a legend substantially to the following effect: “Unless and until it is exchanged in whole or in part for Securities in definitive registered form, this Security may not be transferred except as a whole by the Depositary to the
nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.” 

Section 2.03. Amount Unlimited; Issuable in Series. 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, and each such series shall
rank as set forth in Board Resolution or indenture supplemental hereto establishing such series. 
 There shall be established in or
pursuant to Board Resolution or one or more indentures supplemental hereto, prior to the initial issuance of Securities of any series, subject to the last sentence of this Section 2.03, 

(a) the designation of the Securities of the series, which shall distinguish the Securities of the series from the Securities of all other
series; 
 (b) any limit upon the aggregate Principal amount of the Securities of the series that may be authenticated and delivered under
this Indenture and any limitation on the ability of the Company to increase such aggregate Principal amount after the initial issuance of the Securities of that series (except for Securities authenticated and delivered upon registration of transfer
of, or in exchange for, or in lieu of, or upon redemption of, other Securities of the series pursuant hereto); 
 (c) the date or dates on
which the Principal of the Securities of the series is payable (which date or dates may be fixed or extendible); 
 (d) the rate or rates
(which may be fixed or variable) per annum at which the Securities of the series shall bear interest, if any, the date or dates from which such interest shall accrue, on which such interest shall be payable and on which a record shall be taken for
the determination of Holders to whom interest is payable and/or the method by which such rate or rates or date or dates shall be determined; 

(e) if other than as provided in Section 4.02, the place or places where the Principal of, premium, if any, and any interest on
Securities of the series shall be payable, any Registered Securities of the series may be surrendered for exchange, notices, demands to or upon the Company in respect of the Securities of the series and this Indenture may be served and notice to
Holders may be published; 
 (f) the right, if any, of the Company to redeem Securities of the series, in whole or in part, at its option
and the period or periods within which, the price or prices at which and any terms and conditions upon which Securities of the series may be so redeemed; 

(g) the obligation, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any mandatory redemption or at
the option of a Holder thereof and the price or prices at which and the period or periods within which and any of the terms and conditions upon which Securities of the series shall be redeemed, purchased or repaid, in whole or in part, pursuant to
such obligation; 
 (h) if other than minimum denominations of $2,000 and any higher integral multiple of $1,000, the denominations in which
Securities of the series shall be issuable; 

  
 10 

 (i) if other than the Principal amount thereof, the portion of the Principal amount of Securities
of the series which shall be payable upon declaration of acceleration of the maturity thereof; 
 (j) if other than the coin or currency in
which the Securities of the series are denominated, the coin or currency in which payment of the Principal of, premium, if any, or interest on the Securities of the series shall be payable or if the amount of payments of Principal of, premium, if
any, and/or interest on the Securities of the series may be determined with reference to an index based on a coin or currency other than that in which the Securities of the series are denominated, the manner in which such amounts shall be
determined; 
 (k) if other than the currency of the United States of America, the currency or currencies, including composite currencies,
in which payment of the Principal of, premium, if any, and interest on the Securities of the series shall be payable, and the manner in which any such currencies shall be valued against other currencies in which any other Securities shall be
payable; 
 (l) whether the Securities of the series or any portion thereof will be issuable as Registered Global Securities and whether
such Securities will be issued in temporary or permanent global form; 
 (m) whether the Securities of the series may be exchangeable for
and/or convertible into the common stock of the Company or any other security; 
 (n) whether and under what circumstances the Company will
pay additional amounts on the Securities of the series held by a person who is not a U.S. person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Company will have the option to redeem such
Securities rather than pay such additional amounts; 
 (o) if the Securities of the series are to be issuable in definitive form (whether
upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of such certificates, documents or conditions; 

(p) any trustees, depositaries, authenticating or paying agents, transfer agents or the registrar or any other agents with respect to the
Securities of the series; 
 (q) provisions, if any, for the defeasance of the Securities of the series (including provisions permitting
defeasance of less than all Securities of the series), which provisions may be in addition to, in substitution for, or in modification of (or any combination of the foregoing) the provisions of ARTICLE X; 

(r) if the Securities of the series are issuable in whole or in part as one or more Registered Global Securities, the identity of the
Depositary or common Depositary for such Registered Global Security or Securities; 
 (s) any other Events of Default or covenants with
respect to the Securities of the series; 
 (t) the ranking of such Securities; and 

(u) any other terms of the Securities of the series (which terms shall not be inconsistent with the provisions of this Indenture except as
permitted by Section 11.01(f)). 

  
 11 

 All Securities of any one series shall be substantially identical, except in the case of
Registered Securities as to date and denomination, except in the case of any Periodic Offering and except as may otherwise be provided by or pursuant to the Board Resolution referred to above or as set forth in any such indenture supplemental
hereto. All Securities of any one series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to such Board Resolution or in any such indenture
supplemental hereto and any forms and terms of Securities to be issued from time to time may be completed and established from time to time prior to the issuance thereof by procedures described in such Board Resolution or supplemental indenture.

 Unless otherwise expressly provided with respect to a series of Securities, the aggregate principal amount of a series of Securities may
be increased and additional Securities of such series may be issued up to the maximum aggregate principal amount authorized with respect to such series as increased. 

Section 2.04. Denomination and Date of Securities; Payments of Interest. The Securities of each series shall be issuable as
Registered Securities in denominations established as contemplated by Section 2.03 or, if not so established with respect to Securities of any series, in minimum denominations of $2,000 and any higher integral multiple of $1,000. The Securities
of each series shall be numbered, lettered or otherwise distinguished in such manner or in accordance with such plan as the Officer of the Company executing the same may determine, as evidenced by its execution thereof. 

Unless otherwise specified with respect to a series of Securities, each Security shall be dated the date of its authentication. The Securities
of each series shall bear interest, if any, from the date, and such interest and shall be payable on the dates, established as contemplated by Section 2.03. 

The person in whose name any Registered Security of any series is registered at the close of business on any record date applicable to a
particular series with respect to any interest payment date for such series shall be entitled to receive the interest, if any, payable on such interest payment date notwithstanding any transfer or exchange of such Registered Security subsequent to
the record date and prior to such interest payment date, except if and to the extent the Company shall default in the payment of the interest due on such interest payment date for such series, in which case the provisions of Section 2.13 shall
apply. The term “record date” as used with respect to any interest payment date (except a date for payment of defaulted interest) for the Securities of any series shall mean the date specified as such in the terms of the Registered
Securities of such series established as contemplated by Section 2.03, or, if no such date is so established, the fifteenth day next preceding such interest payment date, whether or not such record date is a Business Day. 

Section 2.05. Registrar and Paying Agent; Agents Generally. The Company shall maintain an office or agency where Securities
may be presented for registration, registration of transfer or for exchange (the “Registrar”) and an office or agency where Securities may be presented for payment (the “Paying Agent”), which shall be in the United
States of America, provided, however, that if the Securities are denominated in a foreign currency, the paying agent may be located in a foreign jurisdiction. The Company shall cause the Registrar to keep a register of the Registered Securities and
of their registration, transfer and exchange (the “Security Register”). The Company may have one or more additional Paying Agents or transfer agents with respect to any series. 

The Company shall enter into an appropriate agency agreement with any Agent not a party to this Indenture. The agreement shall implement the
provisions of this Indenture and the Trust Indenture Act that relate to such Agent. The Company shall give prompt written notice to the Trustee of the name and address of any Agent and any change in the name or address of an Agent. If the Company
fails to maintain a Registrar or Paying Agent, the Trustee shall act as such. The Company may remove any Agent upon written notice to such Agent and the Trustee; provided that no such removal shall become

  
 12 

 
effective until (i) the acceptance of an appointment by a successor Agent to such Agent as evidenced by an appropriate agency agreement entered into by the Company and such successor Agent
and delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall serve as such Agent until the appointment of a successor Agent in accordance with clause (i) of this proviso. The Company or any Affiliate of the
Company may act as Paying Agent or Registrar; provided that neither the Company nor an Affiliate of the Company shall act as Paying Agent in connection with the defeasance of the Securities or the discharge of this Indenture under ARTICLE X.

 The Company initially appoints the Trustee as Registrar, Paying Agent and Authenticating Agent. If, at any time, the Trustee is not the
Registrar, the Registrar shall make available to the Trustee ten days prior to each interest payment date and at such other times as the Trustee may reasonably request the names and addresses of the Holders as they appear in the Security Register.

 Section 2.06. Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. New York City time on each due date of
any Principal or interest on any Securities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such Principal or interest. The Company shall require each Paying Agent other than the Trustee to
agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of Principal of, premium, if any, and interest on such Securities and
shall promptly notify the Trustee in writing of any default by the Company in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee
may at any time during the continuance of any payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. Upon doing so, the Paying Agent shall
have no further liability for the money so paid over to the Trustee. If the Company or any affiliate of the Company acts as Paying Agent, it will, on or before each due date of any Principal of, premium, if any, or interest on any Securities,
segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided
in this Indenture, and will promptly notify the Trustee in writing of its action or failure to act as required by this Section. 

Section 2.07. Transfer and Exchange. At the option of the Holder thereof, Registered Securities of any series (other than a
Registered Global Security, except as set forth below) may be exchanged for a Registered Security or Registered Securities of such series and tenor having authorized denominations and an equal aggregate Principal amount, upon surrender of such
Registered Securities to be exchanged at the agency of the Company that shall be maintained for such purpose in accordance with Section 2.05 and upon payment, if the Company shall so require, of the charges hereinafter provided. Whenever any
Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

Upon surrender for registration of transfer of any Registered Security of a series at the agency of the Company that shall be maintained for
that purpose in accordance with Section 2.05 and upon payment, if the Company shall so require, of the charges hereinafter provided, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Registered Securities of the same series, of any authorized denominations and of like tenor and aggregate Principal amount. 

All Registered Securities presented for registration of transfer, exchange, redemption or payment shall be duly endorsed by, or be accompanied
by a written instrument or instruments of transfer in form satisfactory to the Company and the Registrar duly executed by, the holder or his attorney duly authorized in writing. 

  
 13 

 The Company may require payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection with any exchange or registration of transfer of Securities. No service charge shall be made for any such transaction. 

Notwithstanding any other provision of this Section 2.07, unless and until it is exchanged in whole or in part for Securities in
definitive registered form, a Registered Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such
Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary. 

If at any time the Depositary for any Registered Global Securities of any series notifies the Company that it is unwilling or unable to
continue as Depositary for such Registered Global Securities or if at any time the Depositary for such Registered Global Securities shall no longer be eligible under applicable law, the Company shall appoint a successor Depositary eligible under
applicable law with respect to such Registered Global Securities. If a successor Depositary eligible under applicable law for such Registered Global Securities is not appointed by the Company within 90 days after the Company receives such notice or
becomes aware of such ineligibility, the Company will execute, and the Trustee, upon receipt of an Authentication Order and delivery of definitive Registered Securities of such series and tenor, will authenticate and deliver Registered Securities of
such series and tenor, in any authorized denominations, in an aggregate Principal amount equal to the Principal amount of such Registered Global Securities, in exchange for such Registered Global Securities. 

The Company may at any time and in its sole discretion and subject to the procedures of the Depositary determine that any Registered Global
Securities of any series shall no longer be maintained in global form. In such event the Company will execute, and the Trustee, upon receipt an Authentication Order and delivery of definitive Registered Securities of such series and tenor, will
authenticate and deliver, Registered Securities of such series and tenor in any authorized denominations, in an aggregate Principal amount equal to the Principal amount of such Registered Global Securities, in exchange for such Registered Global
Securities. 
 If established by the Company pursuant to Section 2.03 with respect to any Registered Global Security, the Depositary
for such Registered Global Security may surrender such Registered Global Security in exchange in whole or in part for Registered Securities of the same series and tenor in definitive registered form on such terms as are acceptable to the Company and
such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver, without service charge to the Depositary, 

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

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

Registered Securities issued in exchange for a Registered Global Security pursuant to this Section 2.07 shall be registered in such names
and in such authorized denominations as the Depositary for such Registered Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee or an agent of the Company or the Trustee. The
Trustee or such agent shall deliver such Securities to or as directed by the Persons in whose names such Securities are so registered. 

  
 14 

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

The Registrar shall not be required (i) to issue, authenticate, register the transfer of or exchange Securities of any series for a
period of 15 days before a selection of such Securities to be redeemed, (ii) to register the transfer of or exchange any Security selected for redemption in whole or in part or (iii) between a record date and the corresponding interest
payment date. 
 Section 2.08. Replacement Securities. If any mutilated Security is surrendered to the Trustee, the
Company shall execute, and the Trustee shall authenticate and deliver, in exchange for such mutilated Security, a new Security of the same series and of like tenor and Principal amount and bearing a number not contemporaneously outstanding.

 If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft
of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of any of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a
bona fide purchaser, the Company shall execute, and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and Principal amount and bearing a number not
contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and
payable, the Company in its discretion may, instead of issuing a new Security, pay such Security (without surrender thereof except in the case of a mutilated Security or coupon) if the applicant for such payment shall furnish to the Company and the
Trustee such security or indemnity as may be required by them to save each of them and any agent of any of them harmless, and in the case of destruction, loss or theft, evidence satisfactory to the Company and the Trustee and any agent of them of
the destruction, loss or theft of such Security and the ownership thereof. 
 Upon the issuance of any new Security under this Section, the
Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security or in exchange for any
mutilated Security shall constitute an original additional contractual obligation of the Company, whether or not the mutilated, destroyed, lost or stolen Security shall be at any time enforceable by anyone, and any such new Security shall be
entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder. 

The provisions of this Section are exclusive and shall preclude (to the extent lawful) any other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 2.09. Outstanding Securities.
Securities outstanding at any time are all Securities that have been authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, those described in this Section as not outstanding and those that have been
defeased pursuant to Section 10.05. 

  
 15 

 If a Security is replaced pursuant to Section 2.08, it ceases to be outstanding, unless and
until the Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a holder in due course. 
 If the
Paying Agent (other than the Company or an affiliate of the Company) holds on the maturity date or any redemption date or date for repurchase of the Securities money sufficient to pay Securities payable or to be redeemed or repurchased on that date,
then on and after that date such Securities cease to be outstanding and interest on them shall cease to accrue. 
 A Security does not cease
to be outstanding because the Company or one of its affiliates holds such Security, provided, however, that, in determining whether the Holders of the requisite Principal amount of the outstanding Securities have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, Securities owned by the Company or any affiliate of the Company shall be disregarded and deemed not to be outstanding, except that, in determining whether the Trustee shall be
protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities as to which a Responsible Officer of the Trustee has received written notice to be so owned shall be so disregarded. Any
Securities so owned which are pledged by the Company, or by any affiliate of the Company, as security for loans or other obligations, otherwise than to another such affiliate of the Company, shall be deemed to be outstanding, if the pledgee is
entitled pursuant to the terms of its pledge agreement and is free to exercise in its or his discretion the right to vote such securities, uncontrolled by the Company or by any such affiliate. 

Section 2.10. Temporary Securities. Until definitive Securities of any series are ready for delivery, the Company may
prepare and the Trustee shall authenticate temporary Securities of such series. Temporary Securities of any series shall be substantially in the form of definitive Securities of such series but may have insertions, substitutions, omissions and other
variations determined to be appropriate by the Officers of the Company executing the temporary Securities, as evidenced by their execution of such temporary Securities. If temporary Securities of any series are issued, the Company will cause
definitive Securities of such series to be prepared without unreasonable delay. After the preparation of definitive Securities of any series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series and
tenor upon surrender of such temporary Securities at the office or agency of the Company designated for such purpose pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities
of any series the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like Principal amount of definitive Securities of such series and tenor and authorized denominations. Until so exchanged, the temporary
Securities of any series shall be entitled to the same benefits under this Indenture as definitive Securities of such series. 

Section 2.11. Cancellation. The Company at any time may deliver to the Trustee for cancellation any Securities previously
authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold. The
Registrar, any transfer agent and the Paying Agent shall forward to the Trustee any Securities surrendered to them for transfer, exchange or payment. The Trustee shall cancel and dispose of in accordance with its customary procedures all Securities
surrendered for transfer, exchange, payment or cancellation and, upon written request, shall deliver a certificate of cancellation to the Company. The Company may not issue new Securities to replace Securities it has paid in full or delivered to the
Trustee for cancellation. 

  
 16 

 Section 2.12. CUSIP Numbers. The Company in issuing the Securities may use
“CUSIP” and “CINS” numbers (if then generally in use), and the Trustee shall use CUSIP numbers or CINS numbers, as the case may be, in notices of redemption or exchange as a convenience to Holders and no representation shall be
made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of redemption or exchange. The Company shall promptly advise the Trustee in writing of any change in the CUSIP numbers. 

Section 2.13. Defaulted Interest. If the Company defaults in a payment of interest on the Registered Securities, it shall
pay, or shall deposit with the Paying Agent money in immediately available funds sufficient to pay, the defaulted interest plus (to the extent lawful) any interest payable on the defaulted interest (as may be specified in the terms thereof,
established pursuant to Section 2.03) to the Persons who are Holders on a subsequent special record date, which shall mean the 15th day next preceding the date fixed by the Company for the payment of defaulted interest, whether or not such day
is a Business Day. At least 15 days before such special record date, the Company shall send to each Holder of such Registered Securities and to the Trustee a notice that states the special record date, the payment date and the amount of defaulted
interest to be paid. 
 ARTICLE III 

REDEMPTION 

Section 3.01. Applicability of Article. The provisions of this Article shall be applicable to the Securities of any series
that are redeemable before their maturity or to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 2.03 for Securities of such series. 

Section 3.02. Notice of Redemption; Partial Redemptions. Notice of redemption to the Holders of Registered Securities of
any series to be redeemed as a whole or in part at the option of the Company shall be given by mailing notice of such redemption by first class mail, postage prepaid (or otherwise deliver in accordance with the Depositary’s procedures), at
least 30 days and not more than 60 days prior to the date fixed for redemption to such Holders of Registered Securities of such series at their last addresses as they shall appear upon the registry books; provided, notice may be
given more than 60 days prior to a redemption date if the notice is issued in connection with Article X. Any notice which is mailed or sent in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the
Holder receives the notice. Failure to give notice, or any defect in the notice to the Holder of any Security of a series designated for redemption as a whole or in part, shall not affect the validity of the proceedings for the redemption of any
other Security of such series. 
 The notice of redemption to each such Holder shall specify the Principal amount of each Security of
such series held by such Holder to be redeemed, the CUSIP numbers of the Securities to be redeemed, the date fixed for redemption, the redemption price, or if not then ascertainable, the manner of calculation thereof, the place or places of payment,
that payment will be made upon presentation and surrender of such Securities that such redemption is pursuant to the mandatory or optional sinking fund, or both, if such be the case, that interest accrued to the date fixed for redemption will be
paid as specified in such notice and that on and after said date interest thereon or on the portions thereof to be redeemed will cease to accrue. In case any Security of a series is to be redeemed in part only, the notice of redemption shall state
the portion of the Principal amount thereof to be redeemed and shall state that on and after the date fixed for redemption, upon surrender of such Security, a new Security or Securities of such series and tenor in Principal amount equal to the
unredeemed portion thereof will be issued. 

  
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 The notice of redemption of Securities of any series to be redeemed at the option of the Company
shall be given by the Company or, at the Company’s written request, by the Trustee in the name and at the expense of the Company. 
 On
or before 11:00 a.m. New York City time on the redemption date, the Company will deposit with the Trustee or with one or more Paying Agents (or, if the Company is acting as its own Paying Agent, set aside, segregate and hold in trust as provided in
Section 2.06) an amount of money sufficient to redeem on the redemption date all the Securities of such series so called for redemption at the appropriate redemption price, together with accrued interest to the date fixed for redemption. If all
of the outstanding Securities of a series are to be redeemed, the Company will deliver to the Trustee at least 10 days prior to the last date on which notice of redemption may be given to Holders pursuant to the first paragraph of this
Section 3.02 (or such shorter period as shall be acceptable to the Trustee) an Officer’s Certificate stating that all such Securities are to be redeemed. If less than all the outstanding Securities of a series are to be redeemed, the
Company will deliver to the Trustee at least 15 days prior to the last date on which notice of redemption may be given to Holders pursuant to the first paragraph of this Section 3.02 (or such shorter period as shall be acceptable to the
Trustee) an Officer’s Certificate stating the aggregate Principal amount of such Securities to be redeemed. In the case of any redemption of Securities (a) prior to the expiration of any restriction on such redemption provided in the terms
of such Securities or elsewhere in this Indenture, or (b) pursuant to an election of the Company which is subject to a condition specified in the terms of such Securities or elsewhere in this Indenture, the Company shall deliver to the Trustee,
prior to the giving of any notice of redemption to Holders pursuant to this Section, an Officer’s Certificate evidencing compliance with such restriction or condition. 

If less than all the Securities of a series are to be redeemed, the Trustee shall select, in compliance with the requirements of the
principal national securities exchange, if any, on which the Securities are listed, listed (if such listing is known to the Trustee) and in accordance with the procedures of Depository or, if the Securities are not Registered Global Securities, the
Trustee will select the Securities to be redeemed by lot or by such other method as the Trustee shall deem fair and appropriate; provided that no Securities of $2,000 or less shall be redeemed in part. The Trustee shall make the selection
from outstanding Securities not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities that have denominations larger than $2,000. Securities and portions of them that the Trustee selects
shall be in minimum principal amounts of $2,000 or any integral multiple of $1,000 in excess thereof. The Trustee shall promptly notify the Company in writing of the Securities of such series selected for redemption and, in the case of any
Securities of such series selected for partial redemption, the Principal amount thereof to be redeemed. For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate,
in the case of any Security redeemed or to be redeemed only in part, to the portion of the Principal amount of such Security which has been or is to be redeemed. 

Section 3.03. Payment of Securities Called for Redemption. If notice of redemption has been given as above provided, the
Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to but not including the date fixed for
redemption, and on and after such date (unless the Company shall default in the payment of such Securities at the redemption price, together with interest accrued to such date) interest on the Securities or portions of Securities so called for
redemption shall cease to accrue, except as provided in Section 8.14 and 10.02, such Securities shall cease from and after the date fixed for redemption to be entitled to any benefit under this Indenture, and the Holders thereof shall have no
right in respect of such Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Securities at a place of payment specified in said notice, said
Securities or the specified portions thereof shall be paid and redeemed by the Company at the applicable redemption price, together with interest  

  
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accrued thereon to the date fixed for redemption; provided that payment of interest becoming due on or prior to the date fixed for redemption shall be payable to the Holders of such Registered
Securities registered as such on the relevant record date subject to the terms and provisions of Section 2.04 and 2.13 hereof. 
 If
any Security called for redemption shall not be so paid upon surrender thereof for redemption, the Principal shall, until paid or duly provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in
the case of an Original Issue Discount Security) borne by such Security. 
 Upon presentation of any Security of any series redeemed in part
only, the Company shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Company, a new Security or Securities of such series and tenor of authorized denominations, in Principal
amount equal to the unredeemed portion of the Security so presented. 
 Section 3.04. Exclusion of Certain Securities from
Eligibility for Selection for Redemption. Unless otherwise provided with respect to any series of Securities, Securities shall be excluded from eligibility for selection for redemption if they are identified by registration and certificate
number in a written statement signed by an Officer of the Company and delivered to the Trustee at least 40 days prior to the last date on which notice of redemption may be given as being owned of record and beneficially by, and not pledged or
hypothecated by, either (a) the Company or (b) an entity specifically identified in such written statement as directly or indirectly controlling or controlled by or under direct or indirect common control with the Company. 

Section 3.05. Mandatory and Optional Sinking Funds. 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 the Securities of any series is herein referred to as an
“optional sinking fund payment”. The date on which a sinking fund payment is to be made is herein referred to as the “sinking fund payment date”. 

In lieu of making all or any part of any mandatory sinking fund payment with respect to any series of Securities in cash, the Company may at
its option (a) deliver to the Trustee Securities of such series theretofore purchased or otherwise acquired (except through a mandatory sinking fund payment) by the Company or receive credit for Securities of such series (not previously so
credited) theretofore purchased or otherwise acquired (except as aforesaid) by the Company and delivered to the Trustee for cancellation pursuant to Section 2.11, (b) receive credit for optional sinking fund payments (not previously so
credited) made pursuant to this Section, or (c) receive credit for Securities of such series (not previously so credited) redeemed by the Company at the option of the Company pursuant to the terms of such Securities or through any optional
sinking fund payment. Securities so delivered or credited shall be received or credited by the Trustee at the sinking fund redemption price specified in such Securities. 

On or before the thirtieth day next preceding each sinking fund payment date for any series, or such shorter period as shall be acceptable to
the Trustee, the Company will deliver to the Trustee an Officer’s Certificate (a) specifying the portion of the mandatory sinking fund payment to be satisfied by payment of cash and the portion to be satisfied by credit of specified
Securities of such series and the basis for such credit, (b) stating that none of the specified Securities of such series has theretofore been so credited, (c) stating that no defaults in the payment of interest or Events of Default with
respect to such series have occurred (which have not been waived or cured) and are continuing and (d) stating whether or not the Company intends to exercise its right to make an optional sinking fund payment with respect to

  
 19 

 
such series and, if so, specifying the amount of such optional sinking fund payment which the Company intends to pay on or before the next succeeding sinking fund payment date. Any Securities of
such series to be credited and required to be delivered to the Trustee in order for the Company to be entitled to credit therefor as aforesaid which have not theretofore been delivered to the Trustee shall be delivered for cancellation pursuant to
Section 2.11 to the Trustee with such Officer’s Certificate (or reasonably promptly thereafter if acceptable to the Trustee). Such Officer’s Certificate shall be irrevocable and upon its receipt by the Trustee the Company shall become
unconditionally obligated to make all the cash payments or delivery of Securities therein referred to, if any, on or before the next succeeding sinking fund payment date. Failure of the Company, on or before any such thirtieth day, to deliver such
Officer’s Certificate and Securities specified in this paragraph, if any, shall not constitute a default but shall constitute, on and as of such date, the irrevocable election of the Company (i) that the mandatory sinking fund payment for
such series due on the next succeeding sinking fund payment date shall be paid entirely in cash without the option to deliver or credit Securities of such series in respect thereof and (ii) that the Company will make no optional sinking fund
payment with respect to such series as provided in this Section. 
 If the sinking fund payment or payments (mandatory or optional or both)
to be made in cash on the next succeeding sinking fund payment date plus any unused balance of any preceding sinking fund payments made in cash shall exceed $50,000 (or a lesser sum if the Company shall so request with respect to the Securities of
any series), such cash shall be applied on the next succeeding sinking fund payment date to the redemption of Securities of such series at the sinking fund redemption price thereof together with accrued interest thereon to the date fixed for
redemption. If such amount shall be $50,000 (or such lesser sum) or less and the Company makes no such request then it shall be carried over until a sum in excess of $50,000 (or such lesser sum) is available. The Trustee shall select, in the manner
provided in Section 3.02, for redemption on such sinking fund payment date a sufficient Principal amount of Securities of such series to absorb said cash, as nearly as may be, and shall (if requested in writing by the Company) inform the
Company of the certificate numbers of the Securities of such series (or portions thereof) so selected. Securities shall be excluded from eligibility for redemption under this Section if they are identified by registration and certificate number in
an Officer’s Certificate delivered to the Trustee at least 60 days prior to the sinking fund payment date as being owned of record and beneficially by, and not pledged or hypothecated by either (a) the Company or (b) an entity
specifically identified in such Officer’s Certificate as directly or indirectly controlling or controlled by or under direct or indirect common control with the Company. The Trustee, in the name and at the expense of the Company (or the
Company, if it shall so request the Trustee in writing) shall cause notice of redemption of the Securities of such series to be given in substantially the manner provided in Section 3.02 (and with the effect provided in Section 3.03) for
the redemption of Securities of such series in part at the option of the Company. The amount of any sinking fund payments not so applied or allocated to the redemption of Securities of such series shall be added to the next cash sinking fund payment
for such series and, together with such payment, shall be applied in accordance with the provisions of this Section. Any and all sinking fund moneys held on the stated maturity date of the Securities of any particular series (or earlier, if such
maturity is accelerated), which are not held for the payment or redemption of particular Securities of such series shall be applied, together with other moneys, if necessary, sufficient for the purpose, to the payment of the Principal of, premium,
if any, and interest on, the Securities of such series at maturity. 
 On or before 11:00 a.m. New York City time on each sinking fund
payment date, the Company shall pay to the Trustee in cash or shall otherwise provide for the payment of all interest accrued to the date fixed for redemption on Securities to be redeemed on the next following sinking fund payment date. 

The Trustee shall not redeem or cause to be redeemed any Securities of a series with sinking fund moneys or send any notice of redemption of
Securities of such series by operation of the sinking fund during the continuance of a Default in payment of interest on such Securities or of any Event of Default 

  
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except that, where the delivery of notice of redemption of any Securities shall theretofore have been made, the Trustee shall redeem or cause to be redeemed such Securities, provided that it
shall have received from the Company a sum sufficient for such redemption. Except as aforesaid, any moneys in the sinking fund for such series at the time when any such Default or Event of Default shall occur, and any moneys thereafter paid into the
sinking fund, shall, during the continuance of such Default or Event of Default, be deemed to have been collected under ARTICLE VII and held for the payment of all such Securities. In case such Event of Default shall have been waived as provided in
Section 7.04 or the Default cured on or before the thirtieth day preceding the sinking fund payment date in any year, such moneys shall thereafter be applied on the next succeeding sinking fund payment date in accordance with this Section to
the redemption of such Securities. 
 ARTICLE IV 

COVENANTS 

Section 4.01. Payment of Securities. The Company shall pay the Principal of, premium, if any, and interest on the
Securities on the dates and in the manner provided in the Securities and this Indenture. The interest on Registered Securities (together with any additional amounts payable pursuant to the terms of such Securities) shall be payable only to the
Holders thereof (subject to Section 2.04) and at the option of the Company may be paid by mailing checks for such interest payable to or upon the written order of such Holders at their last addresses as they appear on the Security Register of
the Company. 
 Notwithstanding any provisions of this Indenture and the Securities of any series to the contrary, if the Company and
a Holder of any Registered Security so agree, payments of interest on, and any portion of the Principal of, such Holder’s Registered Security (other than interest payable at maturity or on any redemption or repayment date or the final payment
of Principal on such Security) shall be made by the Paying Agent, upon receipt from the Company of immediately available funds by 11:00 A.M., New York City time (or such other time as may be agreed to between the Company and the Paying Agent),
directly to the Holder of such Security (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to the Trustee 15 days prior to such payment date requesting that such payment will be so made and designating the
bank account to which such payments shall be so made and in the case of payments of Principal, surrenders the same to the Trustee in exchange for a Security or Securities aggregating the same Principal amount as the unredeemed Principal amount of
the Securities surrendered. The Trustee shall be entitled to rely on the last instruction delivered by the Holder pursuant to this Section 4.01 unless a new instruction is delivered 15 days prior to a payment date. The Company will indemnify
and hold each of the Trustee and any Paying Agent harmless against any loss, liability or expense (including attorneys’ fees) resulting from any act or omission to act on the part of the Company or any such Holder in connection with any such
agreement or from making any payment in accordance with any such agreement. 
 The Company shall pay interest on overdue Principal, and
interest on overdue installments of interest, to the extent lawful, at the rate per annum specified in the Securities. 

Section 4.02. Maintenance of Office or Agency. The Company will maintain in the United States of America, an office or
agency where Securities may be surrendered for registration of transfer or exchange or for presentation for payment and where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served. The Company
hereby initially designates the office of Wilmington Trust, National Association, as such office or agency of the Company; provided, however, in no case may service of legal process on the Company be made at an office of the Trustee. The Company
will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required  

  
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office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the address of the Trustee set forth
in Section 12.02. 
 The Company may also from time to time designate one or more other offices or agencies where the Securities of any
series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office
or agency in the United States of America for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

Section 4.03. Certificate to Trustee. The Company will furnish to the Trustee annually, on or before a date not more than
90 days after the end of its fiscal year (which, on the date hereof, is a calendar year), a brief certificate which certificate shall comply with the requirements of the Trust Indenture Act (but which need not contain the statements required by
Section 12.04) from its principal executive, financial or accounting officer certifying (a) that a review has been conducted of the activities of the Company and its Subsidiaries and their respective performance under the Indenture and
(b) that the Company has fulfilled all obligations under the Indenture (such compliance to be determined without regard to any period of grace or requirement of notice provided under this Indenture) or specifying each such Default and the
nature and status thereof. 
 ARTICLE V 

SUCCESSOR CORPORATION 

Section 5.01. When Company May Merge, Etc. The Company shall not consolidate with, merge with or into, or sell, assign,
convey, transfer, lease or otherwise dispose of all or substantially all of its property and assets (as an entirety or substantially an entirety in one transaction or a series of related transactions) to any Person, unless: 

 

	 	1.	it shall be the continuing Person, or the Person (if other than it) formed by such consolidation or into which it is merged to which such sale, assignment, transfer, lease, conveyance or other disposition shall have
been made (the “Surviving Person”), shall be a corporation, trust, limited partnership or limited liability company organized and validly existing under the laws of the United States of America or any jurisdiction thereof;

  

	 	2.	the Surviving Person shall expressly assume, by supplemental indenture, all of the Company’s obligations under the Securities and this Indenture; 

 

	 	3.	immediately after giving effect to such transaction or series of transactions on a pro forma basis, no Default or Event of Default shall have occurred and be continuing; and 

 

	 	4.	the Company or the Surviving Person, as applicable, shall have delivered to the Trustee an Officer’s Certificate and Opinion of Counsel stating that (y) the transaction or series of transactions and such
supplemental indenture, if any, complies with this Section 5.01, and (z) all conditions precedent in this Indenture relating to the transaction or series of transactions have been satisfied. 

Section 5.02. Successor Substituted. Upon any consolidation or merger, or any sale, assignment, conveyance, transfer, lease
or other disposition of all or substantially all of the property and assets of the Company in accordance with Section 5.01 of this Indenture, the successor Person formed by  

  
 22 

 
such consolidation or merger or to which such sale, assignment, conveyance, transfer, lease or other disposition is made shall succeed to, and be substituted for (except to the extent the Company
remains an obligor), and may exercise every right and power of, the Company under this Indenture with the same effect as if such Person had been named as the Company herein and thereafter the predecessor Person, except as otherwise provided in any
relevant supplemental indenture, shall be discharged from all obligations and covenants under this Indenture and the Securities. 
 Nothing
contained in this Indenture shall prevent any consolidation or merger of a Subsidiary with or into the Company or another Subsidiary that is a wholly owned Subsidiary of the Company or shall prevent any sale, assignment, conveyance, transfer, lease
or other disposition of the property or assets of the Company or a Subsidiary as an entirety or substantially as an entirety to the Company or another Subsidiary that is a wholly owned Subsidiary of the Company. 

ARTICLE VI 

SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE 

Section 6.01. Securityholders’ Lists. The Company will furnish or cause to be furnished to the Trustee a list in such
form as the Trustee may reasonably require of the names and addresses of the holders of the Securities pursuant to Section 312 of the Trust Indenture Act of 1939 (a) semi-annually not more than 15 days after each record date for the
payment of semi-annual interest on the Securities, as hereinabove specified, as of such record date, and (b) at such other times as the Trustee may request in writing, within thirty days after receipt by the Company of any such request as of a
date not more than 15 days prior to the time such information is furnished. 
 Section 6.02. 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 6.01 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) 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. The Company, the Trustee, the Agents and other Persons shall have the protection of Section 312(c) of the Trust
Indenture Act. 
 Section 6.03. Reports by the Company.  

(a) So long as any Securities are outstanding, the Company shall file with the Trustee, within 15 days after the Company files 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 may be
required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act. The Company shall be deemed to have complied with the previous sentence to the extent that such information, documents and reports are filed
with the Commission via EDGAR (or any successor electronic delivery procedure). 
 (b) Delivery of such reports, information and documents
to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s
compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

  
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 ARTICLE VII 

DEFAULT AND REMEDIES 

Section 7.01. Events of Default. An “Event of Default” shall occur with respect to the Securities of any
series if: 
 (a) the Company defaults in the payment of the Principal of, or premium, if any, on any Security of such series when the
same becomes due and payable at maturity, upon acceleration, redemption or mandatory repurchase, including as a sinking fund installment, or otherwise; 

(b) the Company defaults in the payment of interest on any Security of such series when the same becomes due and payable, and such default
continues for a period of 30 days; 
 (c) the Company defaults in the performance of or breaches any other covenant or agreement in this
Indenture with respect to any Security of such series or in the Securities of such series (other than a Default specified in clause (a) and (b) above) and such default or breach continues for a period of 90 consecutive days or more after
written notice to the Company by the Trustee or to the Company and the Trustee by the Holders of 25% or more in aggregate Principal amount of the Securities of all series affected thereby specifying such default or breach and requiring it to be
remedied and stating that such notice is a “Notice of Default” hereunder; 
 (d) a court having jurisdiction in the premises shall
enter a decree or order for (i) relief in respect of the Company in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, (ii) appointment of a receiver, liquidator, assignee,
custodian, trustee, sequestrator (or similar official) of the Company or for all or substantially all of the property and assets of the Company or (iii) the winding up or liquidation of the affairs of the Company, and, in each case, such decree
or order shall remain unstayed and in effect for a period of 60 consecutive days; 
 (e) the Company (i) commences a voluntary case
under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any such law, (ii) consents to the appointment of or taking possession by
a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Company or for all or substantially all of the property and assets of the Company or (iii) effects any general assignment for the benefit of
creditors; or 
 (f) any other Event of Default established pursuant to Section 2.03 with respect to the Securities of such series
occurs. 
 Section 7.02. Acceleration. (a) If an Event of Default (other than as described in clauses
Section 7.01(d) or Section 7.01(e) that occurs with respect to the Company) with respect to the Securities of any series then outstanding occurs and is continuing, then, and in each and every such case, except for any series of Securities
the Principal of, or premium, if any, on which shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate Principal amount of the Securities of such series then outstanding hereunder by notice in
writing to the Company (and to the Trustee if given by Securityholders), may declare the entire Principal (or, if the Securities of any such series are Original Issue Discount Securities, such portion of the Principal amount as may be specified in
the terms of such series established pursuant to Section 2.03) of all Securities of such series, premium, if any, and the interest accrued thereon, if any, to be due and payable immediately, and upon any such declaration the same shall become
immediately due and payable. 

  
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 (b) If an Event of Default described in clause Section 7.01(d) or Section 7.01(e)
occurs and is continuing with respect to the Company, then the Principal amount (or, if any Securities are Original Issue Discount Securities, such portion of the Principal as may be specified in the terms thereof established pursuant to
Section 2.03) of all the Securities then outstanding, premium, if any, and interest accrued thereon, if any, shall be and become immediately due and payable, without any declaration, notice or other action by any Holder or the Trustee, to the
full extent permitted by applicable law. 
 For all purposes under this Indenture, if a portion of the Principal of any Original Issue
Discount Securities shall have been accelerated and declared or become due and payable pursuant to the provisions hereof, then, from and after such declaration, unless such declaration has been rescinded and annulled, the Principal amount of such
Original Issue Discount Securities shall be deemed, for all purposes hereunder, to be such portion of the Principal thereof as shall be due and payable as a result of such acceleration, and payment of such portion of the Principal thereof as shall
be due and payable as a result of such acceleration, together with interest, if any, thereon and all other amounts owing thereunder, shall constitute payment in full of such Original Issue Discount Securities. 

Section 7.03. Other Remedies. If a payment default or an Event of Default with respect to the Securities of any series
occurs and is continuing, the Trustee may pursue, in its own name or as trustee of an express trust, any available remedy by proceeding at law or in equity to collect the payment of Principal of, premium, if any, and interest on the Securities of
such series or to enforce the performance of any provision of the Securities of such series or this Indenture. 
 The Trustee may
maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. 

Section 7.04. Waiver of Past Defaults. Subject to Section 7.02, 7.07 and 11.02, the Holders of at least a majority in
aggregate Principal amount (or, if the Securities are Original Issue Discount Securities, such portion of the Principal as is then accelerable under Section 7.02) of the outstanding Securities of each series affected, by written notice to the
Trustee and the Company, may waive all past Defaults with respect to the Securities of such series and rescind and annul a declaration of acceleration and its consequences, if (a) all existing Events of Default, other than nonpayment of
Principal of, premium, if any, or interest on any Security as specified in clauses Section 7.01(a) and Section 7.01(b) that have become due solely by such declaration of acceleration have been cured or waived and (b) the rescission
would not conflict with any judgment or decree of a court of competent jurisdiction. Upon any such waiver, such Default shall cease to exist, and any Event of Default with respect to the Securities of such series arising therefrom shall be deemed to
have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto. 

Section 7.05. Control by Majority. Subject to Section 8.02(e), the Holders of at least a majority in aggregate
Principal amount (or, if any Securities are Original Issue Discount Securities, such portion of the Principal as is then accelerable under Section 7.02), of the outstanding Securities of each series affected, determined in accordance with
Section 9.03, may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series by this Indenture;
provided that the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that may involve the Trustee in personal liability or that the Trustee determines in good faith may be unduly prejudicial to the rights of
Holders not joining in the giving of such direction; and provided further that the Trustee may take any other action it deems proper that is not inconsistent with any directions received from Holders of Securities pursuant to this Section 7.05.

  
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 Section 7.06. Limitation on Suits. No Holder of any Security of any series may
institute any proceeding, judicial or otherwise, with respect to this Indenture or the Securities of such series, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

(a) such Holder has previously given to the Trustee written notice of a continuing Event of Default with respect to the
Securities of such series; 
 (b) the Holders of at least 25% in aggregate Principal amount of outstanding Securities of all
such series affected shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(c) such Holder or Holders have offered to the Trustee indemnity or security reasonably satisfactory to it against any costs,
liabilities or expenses to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of
such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (e) during such 60-day
period, the Holders of a majority in aggregate Principal amount of the outstanding Securities of all such affected series have not given the Trustee a written direction that is inconsistent with such written request. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over such other Holder.

 Section 7.07. Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right
of any Holder of a Security to receive payment of Principal of, premium, if any, or interest, if any, on such Holder’s Security on or after the respective due dates expressed on such Security, or to bring suit for the enforcement of any such
payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

Section 7.08. Collection Suit by Trustee. If an Event of Default with respect to the Securities of any series in payment of
Principal, premium, if any, or interest specified in clause (a) or (b) of Section 7.01 occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole
amount (or such portion thereof as specified in the terms established pursuant to Section 2.03 of Original Issue Discount Securities) of Principal of, premium, if any, and accrued interest remaining unpaid on, together with interest on overdue
Principal of, and, to the extent that payment of such interest is lawful, interest on overdue installments of interest on, the Securities of such series, in each case at the rate or Yield to Maturity (in the case of Original Issue Discount
Securities) specified in such Securities, and such further amount as shall be sufficient to cover all amounts owing the Trustee under Section 8.07. 

Section 7.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as
may be necessary or advisable in order to have the claims of the Trustee (including any claim for amounts due the Trustee under Section 8.07) and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor on
the Securities), its creditors or its property and shall be entitled and empowered to collect and receive any moneys, securities or other property payable or deliverable upon conversion or exchange of the Securities or upon any such claims 

  
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and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder
to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it under Section 8.07. Nothing herein contained shall be
deemed to empower the Trustee to authorize or consent to, or accept or adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof, or to authorize
the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 7.10. Application of
Proceeds. Any moneys or property collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution
of such moneys or property on account of Principal, premium, if any, or interest, upon presentation of the several Securities in respect of which moneys or property have been collected and noting thereon the payment, or issuing Securities of such
series and tenor in reduced Principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid: 

 

	 	1.	To the payment of all amounts due the Trustee under Section 8.07 applicable to the Securities of such series in respect of which moneys have been collected; 

 

	 	2.	In case the Principal of the Securities of such series in respect of which moneys have been collected shall not have become and be then due and payable, to the payment of interest on the Securities of such series in
default in the order of the maturity of the installments of such interest, with interest (to the extent that such interest has been collected by the Trustee) upon the overdue installments of interest at the same rate as the rate of interest or Yield
to Maturity (in the case of Original Issue Discount Securities) specified in such Securities, such payments to be made ratably to the persons entitled thereto, without discrimination or preference; 

 

	 	3.	In case the Principal of the Securities of such series in respect of which moneys have been collected shall have become and shall be then due and payable, to the payment of the whole amount then owing and unpaid upon
all the Securities of such series for Principal and interest, with interest upon the overdue Principal, and (to the extent that such interest has been collected by the Trustee) upon overdue installments of interest at the same rate as the rate of
interest or Yield to Maturity (in the case of Original Issue Discount Securities) specified in the Securities of such series; and in case such moneys shall be insufficient to pay in full the whole amount so due and unpaid upon the Securities of such
series, then to the payment of such Principal and interest or Yield to Maturity, without preference or priority of Principal over interest or Yield to Maturity, or of interest or Yield to Maturity over Principal, or of any installment of interest
over any other installment of interest, or of any Security of such series over any other Security of such series, ratably to the aggregate of such Principal and accrued and unpaid interest or Yield to Maturity; and 

 

	 	4.	To the payment of the remainder, if any, to the Company or any other person lawfully entitled thereto. 

Section 7.11. Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any
right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then, and in every such case, subject to any determination in such
proceeding, the Company,  

  
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the Trustee and the Holders shall be restored to their former positions hereunder and thereafter all rights and remedies of the Company, Trustee and the Holders shall continue as though no such
proceeding had been instituted. 
 Section 7.12. Undertaking for Costs. In any suit for the enforcement of any right or
remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, in either case in respect to the Securities of any series, a court may require any party litigant in such suit (other than the Trustee)
to file an undertaking to pay the costs of the suit, and the court may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant (other than the Trustee) in the suit having due regard to the merits and good faith
of the claims or defenses made by the party litigant. This Section 7.12 does not apply to a suit by a Holder pursuant to Section 7.07, a suit instituted by the Trustee or a suit by Holders of more than 10% in Principal amount of the
outstanding Securities of such series. 
 Section 7.13. Rights and Remedies Cumulative. Except as otherwise
provided with respect to the replacement or payment of mutilated, destroyed, lost or wrongfully taken Securities in Section 2.08, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive
of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 7.14. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder to exercise any right or
remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this ARTICLE VII or by law to the Trustee or to the
Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

ARTICLE VIII 
 TRUSTEE

 Section 8.01. General. The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture
Act and as set forth herein. The Trustee shall at all times comply with Section 310 of the Trustee Indenture Act. Notwithstanding the foregoing, no provision of this Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, unless it receives indemnity satisfactory to it against any loss, liability or expense. Whether or not
therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this ARTICLE VIII. 

If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use
the same degree of care and skill as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

Section 8.02. Certain Rights of Trustee. Subject to Trust Indenture Act Sections 315(a) through (d): 

(a) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate,
Officer’s Certificate, Opinion of Counsel (or both), statement, 

  
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instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have
been signed or presented by the proper person or persons. The Trustee need not investigate any fact or matter stated in the document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it
may see fit; 
 (b) before the Trustee acts or refrains from acting, it may require an Officer’s Certificate and/or an
Opinion of Counsel, which shall conform to Section 12.04 and shall cover such other matters as the Trustee may reasonably request. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such
certificate or opinion. Subject to Section 8.01 and 8.02, whenever in the administration of the trusts of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering or
omitting any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and established by
an Officer’s Certificate delivered to the Trustee, and such certificate, in the absence of negligence or bad faith on the part of the Trustee, shall protect the Trustee for any action taken, suffered or omitted by it under the provisions of
this Indenture upon the faith thereof; 
 (c) the Trustee may act through its attorneys and agents not regularly in its
employ and shall not be responsible for the misconduct or negligence of any agent or attorney appointed with due care; 
 (d)
any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by an Officer’s Certificate (unless other evidence in respect thereof be herein specifically prescribed); and any Board Resolution may be
evidenced to the Trustee by a copy thereof certified by the Secretary or an Assistant Secretary of the Company; 
 (e) the
Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders, unless such Holders shall have offered to the Trustee security or indemnity
satisfactory to it against any costs, expenses or liabilities that might be incurred by it in compliance with such request or direction; 

(f) the Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or
within its rights or powers or for any action it takes or omits to take in accordance with the direction of the Holders in accordance with 7.05 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; 
 (g) the Trustee may consult
with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; and 

(h) prior to the occurrence of an Event of Default hereunder and after the curing or waiving of all Events of Default, the
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, Officer’s Certificate, Opinion of Counsel, Board Resolution, statement, instrument, opinion, report, notice, request, consent,
order, approval, appraisal, bond, debenture, note, security, or other paper or document unless requested in writing so to do by the Holders of not less than a majority in aggregate Principal amount of the Securities of all series affected then
outstanding; provided that, if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the 

  
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making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require
reasonable indemnity against such expenses or liabilities as a condition to proceeding. 
 (i) The rights, privileges,
protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to
act hereunder. 
 (j) 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. 

(k) The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of
officers authorized at such time to take specified actions pursuant to this Indenture. 
 (l) Any permissive right of the
Trustee shall not be construed as a duty. 
 Section 8.03. Individual Rights of Trustee. The Trustee, in its individual
or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not the Trustee. Any Agent may do the same with like rights. However, the
Trustee is subject to Trust Indenture Act Sections 310(b) and 311. For purposes of Trust Indenture Act Section 311(b)(4) and (6), the following terms shall mean: 

(a) “cash transaction” means any transaction in which full payment for goods or securities sold is made within seven days
after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand; and 

(b) “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which is made, drawn, negotiated or
incurred by the Company for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to, possession of, or a lien upon, the goods,
wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee simultaneously with the creation of the creditor
relationship with the Company arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation. 

Section 8.04. Trustee’s Disclaimer. The recitals contained herein and in the Securities (except the Trustee’s
certificate of authentication) shall be taken as statements of the Company and not of the Trustee and the Trustee assumes no responsibility for the correctness of the same. Neither the Trustee nor any of its agents (a) makes any representation
as to the validity or adequacy of this Indenture or the Securities and (b) shall be accountable for the Company’s use or application of the proceeds from the Securities. 

Section 8.05. Notice of Default. If any Default with respect to the Securities of any series occurs and is continuing and
if such Default is known to the actual knowledge of a Responsible Officer with the Corporate Trust Department of the Trustee, the Trustee shall give to each Holder of Securities of such series notice of such Default within 90 days after it occurs,
or becomes known to the Trustee, to all Holders of Securities of such series in the manner and to the extent provided in Section 313(c) of the  

  
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Trust Indenture Act, unless such Default shall have been cured or waived before the mailing or publication of such notice; provided, however, that, except in the case of a Default in the payment
of the Principal of, premium, if any, or interest on any Security, the Trustee shall be protected in withholding such notice if the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders. 

Section 8.06. Reports by Trustee to Holders. The Trustee shall transmit to Holders such reports concerning the Trustee and
its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within 60 days after
each [         ], following the date of this Indenture, deliver to Holders a brief report, dated as of such [        ], which complies with the provisions of such
Section 313(a). 
 A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each
stock exchange upon which any Securities are listed, with the Commission and with the Company. The Company will promptly notify the Trustee when any Securities are listed on any stock exchange. The Trustee shall comply with Sections
313(b)-(d) of the Trust Indenture Act. 
 Section 8.07. Compensation and Indemnity. The Company shall pay to the
Trustee such compensation as shall be agreed upon in writing from time to time for its services. The compensation of the Trustee shall not be limited by any law on compensation of a Trustee of an express trust. The Company shall reimburse the
Trustee and any predecessor Trustee upon request for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Trustee or such predecessor Trustee. Such expenses shall include the reasonable compensation and expenses
of the Trustee’s or such predecessor Trustee’s agents, counsel and other persons not regularly in their employ. 
 The
Company shall indemnify the Trustee and any predecessor Trustee for, and hold them harmless against, any loss, liability, claim, damage or expense (including reasonable attorneys’ fees and expenses) incurred by them without negligence or
willful misconduct on their part arising out of or in connection with the acceptance or administration of this Indenture and the Securities or the issuance of the Securities or of series thereof or the trusts hereunder and the performance of duties
under this Indenture and the Securities, including the costs and expenses of defending themselves against or investigating any claim or liability and of complying with any process served upon them or any of their officers in connection with the
exercise or performance of any of their powers or duties under this Indenture and the Securities. 
 To secure the Company’s payment
obligations in this Section 8.07, the Trustee shall have a lien prior to the Securities on all money or property held or collected by the Trustee, in its capacity as Trustee, except money or property held in trust to pay Principal of, premium,
if any, and interest on particular Securities. 
 The obligations of the Company under this Section to compensate and indemnify the Trustee
and each predecessor Trustee and to pay or reimburse the Trustee and each predecessor Trustee for expenses, disbursements and advances shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this
Indenture or the rejection or termination of this Indenture under bankruptcy law. Such additional indebtedness shall be a senior claim to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held
in trust for the benefit of the Holders of particular Securities, and the Securities are hereby subordinated to such senior claim. Without prejudice to any other rights available to the Trustee under applicable law, if the Trustee renders services
and incurs expenses following an Event of Default under Section 7.01(d) or Section 7.01(e) hereof, the parties hereto and the holders by their acceptance of the Securities hereby agree that such expenses are intended to constitute expenses
of administration under any bankruptcy law. 

  
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 Section 8.08. 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 8.09. 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 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 $100,000,000, and subject to supervision or examination by Federal, State, Territorial,
or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 8.09 the
combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Company may not, nor may any Affiliate of 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 8.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.10. 

Section 8.10. Replacement of Trustee. A resignation or removal of the Trustee as Trustee with respect to the Securities of
any series and appointment of a successor Trustee as Trustee with respect to the Securities of any series shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 8.10. 

The Trustee may resign as Trustee with respect to the Securities of any series at any time by so notifying the Company in writing. The Holders
of a majority in Principal amount of the outstanding Securities of any series may remove the Trustee as Trustee with respect to the Securities of such series by so notifying the Trustee in writing and may appoint a successor Trustee with respect
thereto with the consent of the Company. The Company may remove the Trustee as Trustee with respect to the Securities of any series if: (i) the Trustee is no longer eligible under Section 310 of the Trustee Indenture Act, (ii) the
Trustee is adjudged a bankrupt or insolvent; (iii) a receiver or other public officer takes charge of the Trustee or its property; or (iv) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed as Trustee with respect to the Securities of any series, or if a vacancy exists in the office of Trustee
with respect to the Securities of any series for any reason, the Company shall promptly appoint a successor Trustee with respect thereto. Within one year after the successor Trustee takes office, the Holders of a majority in Principal amount of the
outstanding Securities of such series may appoint a successor Trustee in respect of such Securities to replace the successor Trustee appointed by the Company. If the successor Trustee with respect to the Securities of any series does not deliver its
written acceptance required by Section 8.11 within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of a majority in Principal amount of the outstanding Securities of such series, at the
expense of the Company, may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect thereto. 

The Company shall give notice of any resignation and any removal of the Trustee with respect to the Securities of any series and each
appointment of a successor Trustee in respect of the Securities of such series to all Holders of Securities of such series. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 

  
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 Notwithstanding replacement of the Trustee with respect to the Securities of any series pursuant
to this Section 8.10 and Section 8.11, the Company’s obligations under Section 8.07 shall continue for the benefit of the retiring Trustee. 

Section 8.11. Acceptance of Appointment by Successor. 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, fees and expenses, and subject to the lien provided for in Section 8.07, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and
trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 

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 (1) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to
which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such
Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of
such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each 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 all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee
relates. 
 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 the first or second preceding paragraph, as the case may be. 

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be eligible under this
Article and qualified under Section 310(b) of the Trust Indenture Act. 
 Section 8.12. Successor Trustee By Merger,
Etc. If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation or national banking association, the resulting, surviving or transferee corporation
or national banking association without any further act shall be the successor Trustee with the same effect as if the successor Trustee had been named as the Trustee herein. 

  
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 Section 8.13. [Reserved] 

Section 8.14. Money Held in Trust. The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and except for money held in trust under ARTICLE X of this Indenture. 

Section 8.15. 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. 
 ARTICLE IX 

SECURITYHOLDERS 

Section 9.01. 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. 
 If the Company shall solicit from the
Securityholders of any series any request, demand, authorization, direction, notice, consent, waiver or other action, the Company, at its option, as evidenced by an Officer’s Certificate, may 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 9.02.
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 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. 

  
 34 

 (c) The Trustee may require such additional proof of any matter referred to in this Section as it
shall deem necessary. 
 Section 9.03. 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 of 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 an Affiliate of the Company 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 a Responsible Officer of the Trustee 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 an Affiliate. 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. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officer’s Certificate listing and identifying
all Securities of a particular series, if any known by the Company to be owned or held by or for the account of any of the above described Persons and, subject to Sections 7.01 and 7.02, the Trustee shall be entitled to accept such Officer’s
Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities of such particular series not listed therein are Outstanding for the purpose of any such determination. 

ARTICLE X 
 SATISFACTION
AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS 
 Section 10.01. Satisfaction and Discharge of Indenture. If at any
time (a)(i) all Securities of any series issued that have been authenticated and delivered have been delivered by the Company to the Trustee for cancellation (other than Securities of such series which have been destroyed, lost or stolen and which
have been replaced or paid as provided in Section 2.08); or (ii) all the Securities of any series issued that have not been delivered by the Company 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 by such Trustee in the Company’s name and at the Company’s
expense, the Company shall have irrevocably deposited or caused to be deposited with the Trustee as trust funds the entire amount in cash (other than moneys repaid by the Trustee or any paying agent to the Company in accordance with
Section 10.04) or U.S. Government Obligations, maturing as to principal and interest in such amounts and at such times as will insure (without consideration of the reinvestment of such interest) the availability of cash, or a combination
thereof, sufficient to pay at maturity or upon redemption all Securities of such series (other than any Securities of such series which shall have been destroyed, lost or stolen and which shall have been replaced or paid as provided in
Section 2.08) not theretofore delivered to the Trustee for cancellation, including Principal, premium, if any, and interest due or to become due on or prior to such date of maturity or redemption as the case may be; provided, if U.S.
Governmental Obligations are included, an opinion of a nationally recognized firm of Independent Public Accountants in a written certification delivered to the Trustee must express that such amount is sufficient; (b) the Company has paid or
caused to be paid all other sums then due and payable under this Indenture; and (c) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent under this
Indenture relating to the satisfaction and discharge of this Indenture pursuant to this Section 10.01 have been complied with, then this Indenture shall cease to be of further effect with respect to Securities of such series (except as to
(i) the obligation of the Company to the Trustee under Section 8.07 and (ii) if money shall have been deposited with the Trustee pursuant to this Section 10.01, the obligations of the Trustee under Section 10.02 hereof), and
the Trustee, on demand of the Company accompanied by an Officer’s Certificate and an Opinion of Counsel and at the cost and  

  
 35 

 
expense of the Company, shall execute such instruments acknowledging such satisfaction of and discharging this Indenture with respect to such series as reasonably requested by the Company;
provided that the rights of Holders of the Securities to receive amounts in respect of Principal of, premium, if any, and interest on the Securities held by them shall not be delayed longer than required by then-applicable mandatory rules or
policies of any securities exchange upon which the Securities are listed. The Company agrees to reimburse the Trustee for any costs or expenses thereafter reasonably and properly incurred and to compensate the Trustee for any services thereafter
reasonably and properly rendered by the Trustee in connection with this Indenture or the Securities of such series. 

Section 10.02. Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.04, all
moneys (including U.S. Government Obligations and the proceeds thereof) deposited with the Trustee pursuant to Section 10.01, Section 10.05 or Section 10.06 shall be held in trust and applied by it to the payment, either directly or
through any paying agent to the Holders of the particular Securities of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for Principal and interest; but
such money need not be segregated from other funds except to the extent required by law. 
 Section 10.03. Repayment of
Moneys Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to Securities of any series, all moneys then held by any paying agent under the provisions of this Indenture with respect to such
series of Securities shall, upon demand of the Company, be repaid to it or paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such moneys. 

Section 10.04. Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years. Any moneys deposited with or paid
to the Trustee or any paying agent for the payment of the Principal of, premium, if any, or interest on any Security of any series and not applied but remaining unclaimed for two years after the date upon which such Principal or interest shall have
become due and payable, shall, upon the written request of the Company and unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property law, be repaid to the Company by the Trustee for such series or
such paying agent, and the Holder of the Security of such series shall, unless otherwise required by mandatory provisions of applicable escheat or abandoned or unclaimed property laws, thereafter look only to the Company for any payment which such
Holder may be entitled to collect, and all liability of the Trustee or any paying agent with respect to such moneys shall thereupon cease. 

Section 10.05. Defeasance and Discharge of Indenture. The Company shall be deemed to have paid and shall be discharged from
any and all obligations in respect of the Securities of any series, after the deposit referred to in clause (i) hereof has been made, and the provisions of this Indenture shall no longer be in effect with respect to the Securities of such
series (and the Trustee, at the reasonable written request and expense of the Company, shall execute such instruments acknowledging the same as reasonably requested by the Company), except as to: (a) rights of Holders of the Securities of such
series to receive payments of Principal thereof, premium thereto, and interest thereon, upon the original stated due dates therefor, (b) the Company’s obligations with respect to the issuance of temporary Securities and the registration of
transfer with respect to the Securities of such series, the Company’s right of optional redemption, substitution of mutilated, defaced, destroyed, lost or stolen Securities of such series and the maintenance an office or agency for payment for
security payments held in trust pursuant to clause (i) hereof, (c) the rights, obligations and immunities of the Trustee hereunder and the Company’s obligations related thereto, and (d) the defeasance provisions contained in
ARTICLE X of this Indenture; provided that the following conditions shall have been satisfied: 
 (i) with reference
to this Section 10.05 the Company irrevocably has deposited or caused to be deposited with the Trustee (or another qualifying trustee) as trust funds in trust, for 

  
 36 

 
the purposes of making the following payments, specifically pledged as security for, and dedicated solely to, the benefits of the Holders of the Securities of such series, (a) money in an
amount, (b) U.S. Government Obligations that through the payment of interest and principal in respect thereof in accordance with their terms will provide not later than one day before the due date of any payment referred to in subclause
(x) or (y) of this clause (i), or (c) a combination thereof, in each case sufficient to pay and discharge, without consideration of reinvestment and after payment of all federal, state and local taxes or other charges and assessments
in respect thereof, and which shall be applied by the Trustee to pay and discharge (x) all of the Principal of, premium, if any, and each installment of interest on the outstanding Securities of such series on the maturity or due dates thereof
or if the Company has made irrevocable arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee, the redemption date, as the case may be, and (y) any mandatory sinking fund payments or analogous payments
applicable to the Securities of such series on the day on which such payments are due and payable in accordance with the terms of Securities of such series and the Indenture with respect to the Securities of such series provided, if U.S.
Governmental Obligations are included, an opinion of a nationally recognized firm of Independent Public Accountants in a written certification delivered to the Trustee must express that such amount is sufficient; 

(ii) the Company has delivered to the Trustee (A) either (x) an Opinion of Counsel to the effect that, under then
applicable U.S. federal income tax law, Holders of Securities of such series will not recognize gain or loss for U.S. federal income tax purposes as a result of the Company’s exercise of its option under this Section 10.05 and will be
subject to U.S. federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred or (y) a ruling directed to the Trustee received from the
Internal Revenue Service to the same effect as the aforementioned Opinion of Counsel and (B) an Opinion of Counsel to the effect that the creation of the defeasance trust does not violate the Investment Company Act of 1940, as amended; 

(iii) immediately after giving effect to such deposit on a pro forma basis, no Event of Default, of event that after the giving
of notice or lapse of time or both would become an Event of Default, and such deposit shall not result in a breach or violation of, or constitute a default under, any other material agreement or instrument to which the Company or any of its
Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
 (iv) the Company shall have delivered
to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent to the defeasance and discharge under this Section 10.05 have been complied with; and 

(v) if the Securities of such series are to be redeemed prior to the final maturity thereof (other than from mandatory sinking
fund payments or analogous payments), notice of such redemption shall have been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have been made. 

Section 10.06. Defeasance of Certain Obligations. The Company may omit to comply with any term, provision or condition set
forth in, and this Indenture will no longer be in effect with respect to, any covenant established pursuant to Section 2.03(s) and Section 7.14 and Section 7.01(f) (with respect to any covenants established pursuant to
Section 2.03(s)) shall be deemed not to constitute a Default or an Event of Default with respect to Securities of any series, if: 

(a) with reference to this Section 10.06, the Company has irrevocably deposited or caused to be deposited with the Trustee (or another
qualifying trustee satisfying the requirements of Section 310(a) 

  
 37 

 
of the Trustee Indenture Act) as trust funds in trust, for the purposes of making the following payments, specifically pledged as security for, and dedicated solely to, the benefits of the
Holders of the Securities of such series, (i) money in an amount, (ii) U.S. Government Obligations which through the payment of interest and principal in respect thereof in accordance with their terms will provide not later than one day
before the due date of any payment referred to below in this clause (a), or (iii) a combination thereof, in each case sufficient to pay and discharge, without consideration of reinvestment and after payment of all federal, state and local taxes
or other charges and assessments in respect thereof, series provided, if U.S. Governmental Obligations are included, an opinion of a nationally recognized firm of Independent Public Accountants in a written certification delivered to the Trustee
must express that such amount is sufficient, and which shall be applied by the Trustee to pay and discharge all of the Principal of, premium, if any, and each installment of interest on the outstanding Securities of such series on the maturity or
due dates thereof or if the Company has made irrevocable arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee, the redemption date, as the case may be; 

(b) the Company has delivered to the Trustee an Opinion of Counsel to the effect that the creation of the defeasance trust does not violate
the Investment Company Act of 1940, as amended; 
 (c) immediately after giving effect to such deposit on a pro forma basis, no Event of
Default, of event that after the giving of notice or lapse of time or both would become an Event of Default, and such deposit shall not result in a breach or violation of, or constitute a default under, any other material agreement or instrument to
which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 
 (d) the Company has
delivered to the Trustee an Opinion of Counsel to the effect that Holders of Securities of such series will not recognize gain or loss for U.S. federal income tax purposes as a result of the Company’s exercise of its option under this
Section 10.06 and will be subject to U.S. federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; 

(e) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions
precedent to the defeasance under this Section have been complied with; and 
 (f) if the Securities of such series are to be redeemed prior
to the final maturity thereof (other than from mandatory sinking fund payments or analogous payments), notice of such redemption shall have been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee shall have been
made. 
 Section 10.07. Reinstatement. If the Trustee or paying agent is unable to apply any monies or U.S. Government
Obligations in accordance with ARTICLE X by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations
under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to this Article until such time as the Trustee or paying agent is permitted to apply all such monies or U.S. Government Obligations in
accordance with ARTICLE X; provided, however, that if the Company has made any payment of Principal of, premium, if any, or interest on any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of
the Holders of such Securities to receive such payment from the monies or U.S. Government Obligations held by the Trustee or paying agent. 

Section 10.08. Indemnity. The Company shall pay and indemnify the Trustee (or other qualifying trustee, collectively for
purposes of this Section 10.08 and Section 10.02, the “Trustee”) 

  
 38 

 
against any tax, fee or other charge, imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 10.01, 10.05 or 10.06 or the principal or interest
received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Securities. 

Section 10.09. Excess Funds. Anything in this ARTICLE X to the contrary notwithstanding, the Trustee shall deliver or pay
to the Company from time to time upon request of the Company, any money or U.S. Government Obligations (or other property and any proceeds therefrom) held by it as provided in Section 10.01, 10.05 or 10.06 which, in the opinion of a nationally
recognized firm of Independent Public Accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a discharge or defeasance, as
applicable, in accordance with this ARTICLE X. 
 Section 10.10. Qualifying Trustee. Any trustee appointed
pursuant to Section 10.05 or 10.06 for the purpose of holding money or U.S. Government Obligations deposited pursuant to such Sections shall be appointed under an agreement with the Company and Trustee and shall provide to the Trustee a
certificate, upon which certificate the Trustee shall be entitled to conclusively rely, that all conditions precedent provided for herein to the related defeasance have been complied with. In no event shall the Trustee be liable for any acts or
omissions of said trustee 
 ARTICLE XI 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 11.01. Without Consent of Holders. The Company and the Trustee may amend or supplement this Indenture or the
Securities of any series without notice to or the consent of any Holder: 
 (a) to cure any ambiguity, defect or
inconsistency in this Indenture; 
 (b) to comply with ARTICLE V; 

(c) to maintain the qualification of this Indenture under the Trust Indenture Act; 

(d) to evidence and provide for the acceptance of appointment hereunder with respect to the Securities of any or all series by
a successor Trustee and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of
Section 8.11; 
 (e) to provide for the issuance of additional Securities; 

(f) to establish the form or forms or terms of Securities of any series as permitted by Section 2.03; 

(g) to make any change that in the good faith opinion of the board of directors of the Company does not materially and
adversely affect the rights of any Holder; 
 (h) make any change that would provide any additional rights or benefits to the
Holders; 
 (i) comply with the rules of any applicable securities depository; 

(j) secure the Securities; or 

  
 39 

 (k) to conform any provision to the “Description of Notes” in the
offering memorandum or prospectus for the Securities of such series. 
 Section 11.02. With Consent of Holders. Subject
to Section 7.04 and 7.07, without prior notice to any Holders, the Company and the Trustee may amend this Indenture and the Securities of any series with the written consent of the Holders of a majority in Principal amount of the outstanding
Securities of each series affected by such amendment, and the Holders of a majority in Principal amount of the outstanding Securities of each series affected thereby by written notice to the Trustee may waive future compliance by the Company with
any provision of this Indenture or the Securities of such series. 
 Notwithstanding the provisions of this Section 11.02,
without the consent of each Holder affected thereby, an amendment or waiver, including a waiver pursuant to Section 7.04, may not: 

(a) change the stated maturity of the Principal of, or any installment of interest on, such Holder’s Security, 

(b) reduce the Principal amount of, or the rate of interest on (including any amount in respect of original issue discount), such
Holder’s Security; 
 (c) change the place or currency of payment of the Principal of, premium, if any, or any installment of interest
on, such Holder’s Security; 
 (d) impair the right to institute suit for the enforcement of any payment on or after the stated
maturity (or in the case of a redemption, on or after the redemption date) of such Holder’s Security; 
 (e) waive a default in the
payment of the Principal of, premium, if any, or interest on, such Holder’s Security; or 
 (f) reduce the percentage or aggregate
Principal amount of outstanding Securities of the relevant series the consent of whose Holders is required for any supplemental indenture or for any waiver of compliance with certain provisions of this Indenture or certain Defaults and their
consequences provided for in this Indenture. 
 A supplemental indenture which changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of Holders of Securities of such series with respect to such covenant or provision, shall be deemed not
to affect the rights under this Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for the consent of
any Holder under this Section 11.02 to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 

After an amendment, supplement or waiver under this Section 11.02 becomes effective, the Company shall give to the Holders affected
thereby a notice briefly describing the amendment, supplement or waiver. The Company will send supplemental indentures to Holders upon request. Any failure of the Company to send such notice, or any defect therein, shall not, however, in any way
impair or affect the validity of any such supplemental indenture or waiver. 
 Section 11.03. Revocation and Effect of
Consent. Until an amendment or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder and every subsequent Holder 

  
 40 

 
of a Security or portion of a Security that evidences the same debt as the Security of the consenting Holder, even if notation of the consent is not made on any Security. However, any such
Holder or subsequent Holder may revoke the consent as to its Security or portion of its Security. Such revocation shall be effective only if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes
effective. An amendment, supplement or waiver shall become effective with respect to any Securities affected thereby on receipt by the Trustee of written consents from the requisite Holders of outstanding Securities affected thereby. 

The Company may, but shall not be obligated to, fix a record date (which may be not less than five nor more than 60 days prior to the
solicitation of consents) for the purpose of determining the Holders of the Securities of any series affected entitled to consent to any amendment, supplement or waiver. If a record date is fixed, then, notwithstanding the immediately preceding
paragraph, those Persons who were such Holders at such record date (or their duly designated proxies) and only those Persons shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or
not such Persons continue to be such Holders after such record date. No such consent shall be valid or effective for more than six months after such record date. 

After an amendment, supplement or waiver becomes effective with respect to the Securities of any series affected thereby, it shall bind every
Holder of such Securities unless it is of the type described in any of clauses (a) through (f) of Section 11.02. In case of an amendment or waiver of the type described in clauses (a) through (f) of Section 11.02, the
amendment or waiver shall bind each such Holder who has consented to it and every subsequent Holder of a Security that evidences the same indebtedness as the Security of the consenting Holder. 

Section 11.04. Notation on or Exchange of Securities. If an amendment, supplement or waiver changes the terms of any
Security, the Company may require the Holder thereof to deliver it to the Trustee. The Trustee may place an appropriate notation on the Security about the changed terms and return it to the Holder and the Trustee may place an appropriate notation on
any Security of such series thereafter authenticated. Alternatively, if the Company so determines, the Company in exchange for the Security shall issue and the Trustee shall authenticate a new Security of the same series and tenor that reflects the
changed terms. 
 Section 11.05. Trustee to Sign Amendments, Etc. The Trustee shall be entitled to receive, and
shall be fully protected in relying upon, an Officer’s Certificate and Opinion of Counsel stating that the execution of any amendment, supplement or waiver authorized pursuant to this ARTICLE XI is authorized or permitted by this Indenture. The
Trustee may, but shall not be obligated to, execute any such amendment, supplement or waiver that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 11.06. Conformity with Trust Indenture Act. Every supplemental indenture executed pursuant to this ARTICLE XI shall
conform to the requirements of the Trust Indenture Act as then in effect. 
 ARTICLE XII 

MISCELLANEOUS 

Section 12.01. Trust Indenture Act of 1939. This Indenture shall incorporate and be governed by the provisions of the Trust
Indenture Act that are required to be part of and to govern indentures qualified under the Trust Indenture Act. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Sections 310 to 317,
inclusive, of the Trust Indenture Act, such imposed duties shall control. 

  
 41 

 Section 12.02. Notices. Any notice or communication shall be sufficiently
given if written and (a) if delivered in person when received or (b) if mailed by first class mail 5 days after mailing, or (c) as between the Company and the Trustee if sent by facsimile transmission, when transmission is confirmed,
in each case addressed as follows: 
 if to the Company: 

Metaldyne Performance Group Inc. 

One Towne Square, Suite 550 

Southfield, MI 48076 

Telecopy: 

Attention: General Counsel 

if to the Trustee: 

Wilmington Trust, National Association 

50 South Sixth Street, Suite 1290 

Minneapolis, Minnesota 55402 

Attn: MPG Holdco I 

Facsimile: (612) 217-5651 

The Company or the Trustee by written notice to the other may designate additional or different addresses for subsequent notices or
communications. 
 Any notice or communication shall be sufficiently given to Holders of any Securities by sending to the Holders thereof
who have filed their names and addresses with the Trustee pursuant to Section 313(c)(2) of the Trust Indenture Act at such addresses as were so furnished to the Trustee at their addresses as they shall appear on the Security Register. Notice
mailed shall be sufficiently given if so mailed within the time prescribed. Copies of any such communication or notice to a Holder shall also be mailed to the Trustee and each Agent at the same time. 

Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders.
Except as otherwise provided in this Indenture, if a notice or communication is mailed in the manner provided in this Section 12.02, it is duly given, whether or not the addressee receives it. 

Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice,
either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in
reliance upon such waiver. 
 In case it shall be impracticable to give notice as herein contemplated, then such notification as shall be
made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
 Notwithstanding any other
provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be
sufficiently given if given to the Depositary for such Scurity (or its designee) pursuant to the standing instructions from the Depositary (or its designee), including by electronic mail in accordance with accepted practices at the Depositary. 

  
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 The Trustee shall have the right, but shall not be required, to rely upon and comply with
instructions and directions sent by e-mail, facsimile and other similar unsecured electronic methods believed by it to be genuine by persons believed by the Trustee to be authorized to give instructions and directions on behalf of the Company or any
Holder. The Company agrees to assume all risks arising out of interception and misuse by third-parties of such instructions or directions sent by e-mail, facsimile or other similar unsecured electronic methods. 

Section 12.03. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to the
Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
 (a) an Officer’s
Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b) an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied with.

 Section 12.04. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance
with a condition or covenant provided for in this Indenture (other than the certificate required by Section 4.03) shall include: 

(a) a statement that each person signing such certificate or opinion has read such covenant or condition and the definitions
herein relating thereto; 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which
the statement or opinion contained in such certificate or opinion is based; 
 (c) a statement that, in the opinion of each
such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of each such person, such condition or covenant has been complied with;
provided, however, that, with respect to matters of fact, an Opinion of Counsel may rely on an Officer’s Certificate or certificates of public officials. 

Section 12.05. Evidence of Ownership. The Company, the Trustee and any agent of the Company or the Trustee may deem and
treat the person in whose name any Registered Security shall be registered upon the Security Register for such series as the absolute owner of such Registered Security (whether or not such Registered Security shall be overdue and notwithstanding any
notation of ownership or other writing thereon) for the purpose of receiving payment of or on account of the Principal of, premium, if any, and, subject to the provisions of this Indenture, interest on such Registered Security and for all other
purposes; and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be affected by any notice to the contrary. 

Section 12.06. Rules by Trustee, Paying Agent or Registrar. The Trustee may make reasonable rules for action by or at a
meeting of Holders. The Paying Agent or Registrar may make reasonable rules for its functions. 
 Section 12.07. Payment
Date Other Than a Business Day. Except as otherwise provided with respect to a series of Securities, if any date for payment of Principal or interest on any Security shall not 

  
 43 

 
be a Business Day at any place of payment, then payment of Principal of, premium, if any, or interest on such Security, as the case may be, need not be made on such date, but may be made on
the next succeeding Business Day at any place of payment with the same force and effect as if made on such date and no interest shall accrue in respect of such payment for the period from and after such date. 

Section 12.08. Governing Law. The laws of the State of New York shall govern this Indenture and the Securities. 

Section 12.09. No Adverse Interpretation of Other Agreements. This Indenture may not be used to interpret another indenture
or loan or debt agreement of the Company or any Subsidiary of the Company. Any such indenture or agreement may not be used to interpret this Indenture. 

Section 12.10. Successors. All agreements of the Company in this Indenture and the Securities shall bind their respective
successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 Section 12.11. Duplicate
Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

Section 12.12. Separability. In case any provision in this Indenture or in the Securities shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 12.13. Table of Contents, Headings, Etc. The Table of Contents and headings of the Articles and Sections of this
Indenture have been inserted for convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms and provisions hereof. 

Section 12.14. Incorporators, Stockholders, Officers and Directors of Company Exempt from Individual Liability. No recourse
under or upon any obligation, covenant or agreement contained in this Indenture or any indenture supplemental hereto, or in any Security, or because of any Indebtedness evidenced thereby, shall be had against any incorporator, as such or against any
past, present or future stockholder, officer, director, employee or controlling person, as such, of the Company or of any successor, either directly or through the Company or any successor, under any rule of law, statute or constitutional provision
or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of the Securities by the holders thereof and as part of the consideration for the
issue of the Securities. 
 Section 12.15. Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 12.16. Force Majeure. 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. 

  
 44 

 Section 12.17. 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. 

  
 45 

 SIGNATURES 

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

  

			
	 MPG HOLDCO I INC.,

        as the Company

		
	By:  	 	 
		 	Name:
		 	Title:

  

			
	 WILMINGTON TRUST, NATIONAL

        ASSOCIATION,

        as the Trustee

		
	By:  	 	 
		 	Name:
		 	Title:

  
 46Exhibit

EXECUTIVE EMPLOYMENT AGREEMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of January 13, 2016, by and between First Potomac Realty Investment Limited Partnership, a Delaware limited partnership (the “Company”), First Potomac Realty Trust, a Maryland real estate investment trust (the “Trust”), and Andrew Blocher (the “Executive”) and shall be effective as of such date.
WHEREAS, the Trust is the Company’s general partner;
WHEREAS, the Executive has been employed by the Company and been an officer of the Trust since October 8, 2012 pursuant to an employment agreement between the Trust and Executive, dated as of August 24, 2012 (the “Prior Agreement”);
WHEREAS, the Trust, the Company and the Executive desire to continue that relationship on the revised terms set forth in this Agreement, which shall supersede and replace the Prior Agreement and any amendments thereto; 
WHEREAS, on the date of this Agreement, the Company and the Executive are entering into that Restricted Share Agreement in the form attached as Exhibit A;
WHEREAS, the Executive shall not be entitled to any future payment contemplated under the Prior Agreement; and
WHEREAS, the Board of Trustees of the Trust (the “Board”) has approved and authorized the entry into this Agreement with the Executive.
NOW, THEREFORE, it is AGREED as follows:
1.Positions, Duties and Term.  The Company hereby agrees to continue the employment of the Executive pursuant to which Executive will serve the Trust as its Executive Vice President and Chief Financial Officer, and the Executive hereby accepts such continuation of his employment, on the terms and conditions set forth below.
1.1    Term.  The Executive’s employment hereunder shall be for a term commencing as of January 13, 2016 and ending as of the earlier of (i) January 13, 2019, or such later date to which the term of this Agreement may be extended pursuant to Section 1.1(a) or (ii) the Termination Date determined in accordance with Section 11.11. 
(a)    Extension of Term.  Unless the Executive’s employment with the Company terminates earlier in accordance with Subsections (c) or (d), or the parties pursuant to Subsection (b) elect not to extend the term, the term of this Agreement automatically shall be extended as of 

1

January 13, 2019, and each January 13th thereafter, such that on each such date the term of employment under this Agreement shall be for a one-year period.  
(b)    Election Not to Extend Term.  The Executive or the Board, by written notice delivered to the other, may at any time elect to terminate the automatic extension provision of Subsection (a).  Any such election may be made at any time until the ninety (90) days prior to the date as of which the term would otherwise be extended for an additional one year.  The parties agree that the expiration of this Agreement resulting from the Executive’s notice to the Company in accordance with this Subsection (b) shall not be considered a termination by the Executive for Good Reason or by the Company without Cause under this Agreement; however, the expiration of this Agreement resulting from the Company’s notice to the Executive in accordance with this Subsection (b) shall be treated as a termination by the Company without Cause under this Agreement.
(c)    Early Termination.  The Company may terminate the Executive’s employment with or without Cause or on account of Disability, with written notice subject to the restrictions set forth in this paragraph and Sections 11.6 and 11.11, and delivered to the Executive from the Board, and which states that termination will occur thirty days following receipt of such notice if, only in the case of proposed termination on account of Disability, Executive has not returned to work, with or without reasonable accommodation by the thirtieth day; provided, that, the Company shall have no right to terminate the Executive’s employment on account of Disability if, in the opinion of a qualified physician reasonably acceptable to the Company, it is reasonably likely that the Executive will be able to resume the Executive’s duties, with or without reasonable accommodation, within ninety (90) days of the date the Executive receives notice of such termination on account of Disability.  Any termination in accordance with this Section 1.1(c) shall not be, nor shall it be deemed to be, a breach of this Agreement.  
(d)    Early Resignation.  The Executive may resign from the Company for any reason, including Good Reason.  The Executive shall effect a Good Reason termination by providing at least thirty (30) days’ written notice to the Board of the applicable Good Reason criteria; provided that the Executive provided written notice of the existence of the condition that is the basis for such Good Reason within ninety (90) days of the first occurrence of such condition; and further provided that if the basis for such Good Reason is correctible and the Company corrects the basis for such Good Reason within thirty (30) days after receipt of such notice of the occurrence of the condition, the Good Reason defect shall be cured, and Executive shall not then have the right to terminate his employment for Good Reason with respect to the occurrence addressed in the written notice.  If the Good Reason defect is not cured within such thirty (30) day period, the Executive must terminate employment within thirty (30) days following the expiration of the cure period in order for such termination to be considered due to “Good Reason.” 
(e)    Termination and Offices Held.  At the time that the Executive ceases to be an employee of the Company, the Executive agrees that he shall resign from any offices he holds 

2

with the Company, the Trust and any affiliate, including the Board and any boards of directors or boards of trustees other than the Board.
1.2    Duties.  The Executive shall faithfully perform for the Company the duties incident to the office of Executive Vice President and Chief Financial Officer and shall perform such other duties of an executive, managerial or administrative nature as shall be specified and designated from time to time by the Board and the Company’s Chief Executive Officer (including the performance of services for, and serving on the board of directors of, any affiliate of the Company without any additional compensation).  The Executive shall report to the Chief Executive Officer.  The Executive shall devote substantially all of the Executive’s business time and effort to the performance of the Executive’s duties hereunder, provided that in no event shall this sentence prohibit the Executive from performing personal and charitable activities and any other activities approved by the Board, so long as such activities do not materially interfere with the Executive’s duties for the Company.  The Board may delegate its authority to take any action under this Agreement, other than termination of the Agreement or Executive’s employment, to the Compensation Committee of the Board (the “Committee”).
2.    Compensation.
2.1    Salary.  During the term of his employment under this Agreement, the Company shall pay the Executive at an annual rate of $382,000 (the “Base Salary”).  The Base Salary shall be reviewed in the first quarter of 2016 and no less frequently than annually thereafter and may be increased at the discretion of the Board or the Committee, as applicable.  Except as otherwise agreed in writing by the Executive, the Base Salary shall not be reduced from the amount previously in effect.  Upon any such increase, the increased amount shall thereafter be deemed to be the Base Salary for purposes of this Agreement.  The Base Salary shall be payable in such installments as shall be consistent with the Company’s payroll procedures for senior executives generally.
2.2    Annual Cash Incentive.  The Executive shall be eligible to receive an annual cash bonus for each of the Company’s fiscal years during the term under the Company’s short-term incentive plan (or applicable replacement plan) based on performance objectives established by the Committee each such fiscal year (the “Annual Cash Incentive”).  The Executive’s target Annual Cash Incentive amount for such fiscal years will be the percentage of Base Salary designated as the target by the Committee, which amount shall be reviewed annually and shall be no less than 80% of the Base Salary then in effect for each applicable year (the “Full-Year Target”).  Notwithstanding the preceding, the Executive’s Annual Cash Incentive, if any, may be below (including zero), at, or above, the target based upon the achievement of the performance objectives, and payment of any such Annual Cash Incentive shall be in accordance with the terms of such program.  Except as otherwise provided in this Agreement, an Executive must be employed on the date of payment of any Annual Cash Incentive to receive payment and no Annual Cash Incentive will be payable 

3

following the Executive’s Termination Date.  Any Annual Cash Incentive will be paid on or before March 15 of the year following the year of performance.
2.3    Long-Term Incentive.  The Executive shall be entitled to participate in the Company’s long-term incentive plan (the “LTI”) with an annual target amount, which shall be reviewed annually and shall be no less than $550,000, pursuant to which Executive may be entitled to receive restricted shares granted under the Company’s Equity Plan.  Per the LTI, awards will be broken into two parts, each of which will be made in the first quarter of the following year, provided that, except as otherwise provided in this Agreement, Executive is employed on the date such shares are granted: (i) 40% of the award will be fixed based on the target amount of the award; and (ii) 60% will be determined based on performance metrics.  The Board may, in its sole discretion, discontinue the LTI and provide Executive with incentive opportunities under a replacement program.   
2.4    Benefits.  During the term of his employment under this Agreement, the Executive shall be permitted to participate in any group life, hospitalization or disability insurance plans, health (including dental) programs, pension and profit sharing plans and similar benefits that may be available to other senior executives of the Company generally, on the same terms as may be applicable to such other executives, in each case to the extent that the Executive is eligible under the terms of such plans or programs.  During the term of his employment under this Agreement, the Company or the Trust, as applicable, shall maintain customary liability insurance for trustees and officers and list the Executive as a covered officer.
2.5    Vacation.  During the term of his employment under this Agreement, the Executive shall be entitled to vacation in accordance with the Company’s policy.
2.6    Expenses.  The Company shall pay or reimburse the Executive for all ordinary and reasonable out-of pocket expenses actually incurred (and, in the case of reimbursement, paid) by the Executive during the term of the Executive’s employment under this Agreement, provided that the Executive submits such expenses in accordance with the policies applicable to senior executives of the Company generally.  
3.    Termination for Cause, Executive’s Election Not to Extend Term, or Resignation by the Executive Other than for Good Reason.  In the event of the Executive’s resignation other than for Good Reason, his termination of employment due to his election not to extend the term in accordance with Section 1.1(b), or his termination by the Company for Cause, all obligations of the Company under Sections 1 and 2 will immediately cease as of the Executive’s Termination Date.  In connection with this resignation or termination, within ten (10) days of the Executive’s Termination Date, the Company will pay the Executive the amount of the Executive’s Compensation Accrued at Termination, and the Executive’s rights, if any, under any Company benefit plan or program shall be governed by such plan or program, as may be modified by this Agreement. 

4

4.    Termination On Account of Death or Disability.  In the event of the Executive’s termination of employment with the Company on account of death or Disability, all obligations of the Company under Sections 1 and 2 will immediately cease as of the Executive’s Termination Date.  In connection with this termination, (a) within ten (10) days of the Executive’s Termination Date, the Company will pay the Executive (or, in the case of the Executive’s death, the Executive’s beneficiary or, if none has been designated in accordance with Section 9.3, the Executive’s estate), (i) the amount of the Executive’s Compensation Accrued at Termination and (ii) a single sum cash payment equal to the Partial Year Bonus; (b) all Equity Awards held by the Executive shall become fully vested at their target levels and, in the case of options, exercisable for one (1) year from the Executive’s Termination Date or the original expiration of the option, if earlier; (c) if this termination occurs after the end of a fiscal year and prior to the date the Annual Cash Incentive for such prior fiscal year was paid, the Company will pay the Executive (or, in the case of the Executive’s death, the Executive’s beneficiary or, if none has been designated in accordance with Section 9.3, the Executive’s estate) the Full-Year Target amount of the Annual Cash Incentive for such prior fiscal year, paid at the same time as other executives of the Company who are continuing in employment; (d) the Company will pay the Executive (or, in the case of the Executive’s death, the Executive’s beneficiary or, if none has been designated in accordance with Section 9.3, the Executive’s estate) the benefits set forth in Section 5.2(d) and (e) pertaining to fixed and performance-based LTI awards; (e) the Company will pay the Executive (or, in the case of the Executive’s death, the Executive’s beneficiary or, if none has been designated in accordance with Section 9.3, the Executive’s estate), a lump sum death benefit or disability benefit, as applicable, of $15,000; and (f) the Executive’s rights, if any, under any Company benefit plan or program shall be governed by such plan or program, except as modified herein. 
5.    Termination Without Cause or for Good Reason.  If during the term of his employment under this Agreement, the Executive is terminated by the Company without Cause (which includes the Company’s election not to extend the term of this Agreement in accordance with Section 1.1(b)) or resigns from the Company for Good Reason, all obligations of the Company under Sections 1 and 2, except as set forth herein, will immediately cease as of the Executive’s Termination Date.  In connection with this resignation or termination, the Executive is entitled to and shall receive the benefits set forth in this Section 5 below, subject to the requirements of Section 5.4. 
5.1    Compensation Accrued at Termination.  Within ten (10) days of the Executive’s Termination Date, the Company will pay the Executive the amount of the Executive’s Compensation Accrued at Termination, and the Executive’s rights, if any, under any Company benefit plan or program shall be governed by such plan or program unless modified herein.  
5.2    Severance and Bonus.  
(a)    A single sum severance cash payment equal to one (1) times (or, in the event of a termination of employment under this Section 5 within the Change in Control Protection Period, 

5

three (3) times) the sum of: (i) the Executive’s highest Base Salary in effect for the three (3) years prior to the Termination Date and (ii) the average Annual Cash Incentive actually paid to the Executive for the three (3) fiscal years prior to the Termination Date (or the period of the Executive’s employment, if less than three years), which shall be paid to the Executive within sixty (60) days of the Executive’s Termination Date; 
(b)    A single sum cash payment equal to the Partial Year Bonus paid at the same time as other executives of the Company who are continuing in employment or, if as of the Executive’s Termination Date the Separation and Release Agreement (as defined below) has not been signed by Executive and become irrevocable by the time such bonuses are paid, within sixty (60) days thereafter;
(c)    If a termination under this Section 5 occurs after the end of a fiscal year and prior to the date the Annual Cash Incentive for such fiscal year was paid (if earned) or to be paid (if not earned), the Company will pay the Executive an amount equal to the Annual Cash Incentive that Executive would have received for such prior fiscal year had he remained employed through the payment date, paid at the same time as other executives of the Company who are continuing in employment or, if as of the Executive’s Termination Date, the Separation and Release Agreement (as defined below) has not been signed by Executive and become irrevocable by the time such bonuses are paid, within sixty (60) days thereafter; 
(d)     With respect to that portion of the LTI awards that are fixed, i.e. 40% of the target award amount, if termination occurs prior to the end of a fiscal year, a number of unrestricted common shares equal to the applicable target amount of the LTI award for such fiscal year multiplied by a fraction, the numerator of which is the number of days the Executive was employed by the Company from the first date of the applicable fiscal year and the denominator of which is 365, shall be issued and delivered at the same time as such common shares are issued and delivered to other executives of the Company who are continuing in employment, provided that if the Separation and Release Agreement (as defined below) has not been signed by Executive and become irrevocable by the time such shares are delivered, such shares will instead be issued within sixty (60) days after the Termination Date.  If termination occurs after the end of a fiscal year and prior to the grant of restricted shares pursuant to the fixed portion of the LTI award for such prior fiscal year, the Company shall issue unrestricted common shares in an amount equal to 40% of the target award.   
(e)    With respect to the portion of LTI awards that are performance-based, i.e. 60% of the target award amount, if termination occurs prior to the end of a fiscal year, a number of unrestricted common shares equal to the number of restricted shares that would otherwise have been issued based on the actual achievement of performance targets for the period ending with such fiscal year at the applicable level, whether threshold, target or stretch, multiplied by a fraction, the numerator of which is the number of days the Executive was employed by the Company from the first date of the applicable fiscal year and the denominator of which is 365, shall be issued and 

6

delivered at the same time as other executives of the Company who are continuing in employment, provided that if the Separation and Release Agreement (as defined below) has not been signed by Executive and become irrevocable by the time such shares are delivered, such shares will instead be issued within sixty (60) days after the Termination Date.  If termination occurs after the end of a fiscal year and prior to the grant of restricted shares pursuant to the performance-based portion of the LTI award for such prior fiscal year, the Company shall issue unrestricted common shares in an amount equal to the number of restricted shares that would have been issued based on actual achievement of performance targets for such fiscal year; and 
(f)    A single sum payment of $50,000 (which amount will be $75,000 in the event of a termination of employment under this Section 5 within the Change in Control Protection Period) paid to the Executive within sixty (60) days of the Executive’s Termination Date.
5.3    Accelerated Vesting of Equity Awards.  With respect to a termination of employment under this Section 5 and as otherwise provided in this Employment Agreement, all Equity Awards held by the Executive at termination of employment, including but not limited to, stock options, restricted stock, and restricted stock units, whether subject to time or performance-based vesting shall become fully vested at their target level and non-forfeitable. 
5.4    Separation and Release Agreement.  As a condition to receiving the payment and benefits under Sections 5.2 and 5.3, the Executive must execute a Separation and Release Agreement reasonably in the form attached hereto as Exhibit B, with such changes as the Company and the Executive may mutually agree upon at the time of the termination (the “Separation and Release Agreement”).  The Separation and Release Agreement must be executed by the Executive and become irrevocable within sixty (60) days following the Termination Date.  If the Separation and Release Agreement is not executed by the Executive and does not become irrevocable within sixty (60) days of the Termination Date, the Executive will forfeit all rights to receive the payments and benefits provided pursuant to Sections 5.2 and 5.3.   
6.    Golden Parachute Excise Tax Provisions.  In the event it is determined that any payment or benefit (within the meaning of Section 280G(B)(2) of the Internal Revenue Code of 1986, as amended (the “Code”)), to the Executive or for his benefit paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise in connection with, or arising out of, his employment (“Payments”), would be subject to the excise tax imposed by Section 4999 of the Code, or any interest or penalties are incurred by the Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then the total Payments shall be reduced to the extent the payment of such amounts would cause the Executive’s total termination benefits to constitute an “excess parachute payment” under Section 280G of the Code and by reason of such excess parachute payment the Executive would be subject to an excise tax under Section 4999(a) of the Code, but only if the Executive (or the Executive’s tax advisor) determines that the after-tax value of the 

7

termination benefits calculated with the foregoing restriction exceed those calculated without the foregoing restriction.  In that event, the Executive shall designate those rights, payments, or benefits under this Agreement, any other agreements, and any benefit arrangements that should be reduced or eliminated so as to avoid having the payment or benefit to the Executive under this Agreement be deemed to be an excess parachute payment; provided, however, that to the extent necessary to comply with Section 409A of the Code, the reduction or elimination will be performed in the order in which each dollar of value subject to a right, payment, or benefit reduces the parachute payment to the greatest extent.  Except as otherwise expressly provided herein, all determinations under this Section 6 shall be made at the expense of the Company by a nationally recognized public accounting or consulting firm selected by the Company.  Such determination shall be binding upon the Executive and the Company.
6.1    Company Withholding.  Notwithstanding anything contained in this Agreement to the contrary, in the event that, according to the determinations in the paragraph above, an Excise Tax will be imposed on any Payment or Payments, the Company shall pay to the applicable government taxing authorities as Excise Tax withholding, the amount of the Excise Tax that the Company has actually withheld from the Payment or Payments.
7.    Confidentiality; Non-Disclosure; Executive Cooperation; Non-Disparagement.
7.1    Confidential Information.  The Executive acknowledges that, during the course of his employment with the Company, the Executive has been given or has become acquainted with Confidential Information (as hereinafter defined) of the Company and may continue to be given or become acquainted with Confidential Information.  As used in this Section 7.1, “Confidential Information” of the Company means all confidential information, knowledge, or data relating to the Company or any of its affiliates, or to the Company’s or any such affiliate’s respective businesses and investments (including confidential information of others that has come into the possession of the Company or any such affiliate), learned by the Executive heretofore or hereafter directly or indirectly from the Company or any of its affiliates and which is not generally available lawfully and without breach of confidential or other fiduciary obligation to the general public without restriction, except with the Company’s express written consent or as may otherwise be required by law or any legal process.
The Executive acknowledges that the Confidential Information of the Company, as such may exist from time to time, is a valuable, confidential, special, and unique asset of the Company and its affiliates, expensive to produce and maintain, and essential for the profitable operation of their respective businesses.  The Executive agrees that, during the course of his employment with the Company, or at any time thereafter, he shall not, directly or indirectly, communicate, disclose, or divulge to any Person (as such term is hereinafter defined), or use for his benefit or the benefit of any Person, in any manner, any Confidential Information of the Company or its affiliates, acquired during his employment with the Company or any other confidential information concerning the 

8

conduct and details of the businesses of the Company and its affiliates, except as required in the course of his employment with the Company or as otherwise may be required by law, and except following such time that Confidential Information ceases to be confidential or has otherwise become known to the public, other than through the actions of the Executive in violation of this Agreement.  For the purposes of this Agreement, “Person” shall mean any individual, partnership, corporation, trust, unincorporated association, joint venture, limited liability company, or other entity or any government, governmental agency, or political subdivision. 
All documents relating to the businesses of the Company and its affiliates including, without limitation, Confidential Information of the Company, whether prepared by the Executive or otherwise coming into the Executive’s possession, are the exclusive property of the Company and such respective affiliates and must not be removed from the premises of the Company, except as reasonably necessary in the course of the Executive’s employment with the Company.  The Executive shall return all such documents (including any copies thereof) to the Company when the Executive ceases to be employed by the Company or upon the earlier request of the Company or the Board.
7.2    Cooperation With Regard to Litigation.  The Executive agrees to cooperate with the Company, during the term and thereafter (including following the Executive’s termination of employment for any reason), by making himself reasonably available to testify on behalf of the Company or any affiliate of the Company, in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative, and to assist the Company, or any affiliate of the Company, in any such action, suit, or proceeding, by providing information and meeting and consulting with the Board or its representatives or counsel, or representatives or counsel to the Company or any affiliate of the Company, as may be reasonably requested and after taking into account the Executive’s post-termination responsibilities and obligations.  The Company agrees to reimburse the Executive, on an after-tax basis, for all reasonable expenses, including attorneys’ fees, actually incurred in connection with his provision of testimony or assistance.
7.3    Non-Disparagement.  The Executive shall not, at any time during the term of his employment and thereafter disparage the Company, its affiliates or their respective officers, directors or trustees, nor shall the Company, its affiliates or their respective officers, directors or trustees disparage Executive.  Notwithstanding the foregoing, nothing in this Agreement shall preclude the Executive or his successor or members of the Board from making truthful statements that are required by applicable law, regulation or legal process.
7.4    Survival.  The provisions of this Section 7 shall survive any termination or expiration of this Agreement.
7.5    Remedies.  The Executive agrees that any breach of the terms of this Section 7 may result in irreparable injury and damage to the Company for which the Company may have no 

9

adequate remedy at law; the Executive therefore also agrees that, in the event of said breach or any threat of breach and notwithstanding Section 8.2, the Company shall be entitled to seek an immediate injunction and restraining order from a court of competent jurisdiction to prevent such breach and/or threatened breach and/or continued breach by the Executive and/or any and all persons and/or entities acting for and/or with the Executive, without having to prove damages.  The availability of injunctive relief shall be in addition to any other remedies to which the Company may be entitled at law or in equity, but remedies other than injunctive relief may only be pursued in an arbitration brought in accordance with Section 8.2.  
8.    Governing Law; Disputes; Arbitration.
8.1    Governing Law.  This Agreement is governed by and is to be construed, administered, and enforced in accordance with the laws of the State of Maryland, without regard to conflicts of law principles.  If under the governing law, any portion of this Agreement is at any time deemed to be in conflict with any applicable statute, rule, regulation, ordinance, or other principle of law, such portion shall be deemed to be modified or altered to the extent necessary to conform thereto or, if that is not possible, to be omitted from this Agreement.  The invalidity of any such portion shall not affect the force, effect, and validity of the remaining portion hereof.  
8.2    Dispute Resolution. Any claim or dispute arising out of or relating to this Agreement shall be resolved by binding arbitration before the American Arbitration Association (“AAA”) as the exclusive means for resolution of such claim or dispute.  The AAA’s Employment Arbitration Rules in effect at the time arbitration is initiated shall apply.  Such arbitration shall take place in Bethesda, Maryland.  The arbitration shall be before a single arbitrator, who shall be experienced in the field of employment law and have no personal or financial interest in the claim or dispute or its outcome and not be a friend, colleague, attorney, or relative of Executive, a current or former employee, director, or attorney of the Company, or have any other relationship with Executive or the Company creating a conflict of interest (unless waived in writing by Executive and the Company).  Each party shall pay for its own attorneys’ fees, costs, and expenses incurred in connection with the arbitration.  The decision of the arbitrator shall be final and binding, and such decision may be confirmed in any court having competent jurisdiction.  EACH OF THE PARTIES TO THIS AGREEMENT HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL FOR ANY CLAIM OR DISPUTE ARISING OUT OF OR RELATING TO THIS AGREEMENT OR EXECUTIVE’S EMPLOYMENT WITH THE COMPANY.
9.    Miscellaneous.
9.1    Integration.  This Agreement cancels and supersedes any and all prior agreements and understandings between the parties hereto with respect to the employment of the Executive by the Company, any parent or predecessor company, and the Company’s affiliates during the term (including the Prior Agreement), but excluding existing contracts relating to compensation under 

10

executive compensation and employment benefit plans of the Company and its affiliates.  This Agreement constitutes the entire agreement among the parties with respect to the matters herein provided, and no modification or waiver of any provision hereof shall be effective unless in writing and signed by the parties hereto.  The Executive shall not be entitled to any payment or benefit under this Agreement which duplicates a payment or benefit received or receivable by the Executive under such prior agreements and understandings or under any benefit or compensation plan of the Company.
9.2    Successors; Transferability.  The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation, or otherwise, and whether or not the corporate existence of the Company continues) to all or substantially all of the business and/or assets of the Company and the Trust to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.  As used in this Agreement, “Company” shall mean the Company as defined herein and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise, and in the case of an acquisition of the Company in which the corporate existence of the Company continues, the ultimate parent company following such acquisition.  Subject to the foregoing, the Company may transfer and assign this Agreement and the Company’s rights and obligations hereunder to another entity that is substantially comparable to the Company in its financial strength and ability to perform the Company’s obligations under this Agreement.  Neither this Agreement nor the rights or obligations hereunder of the parties hereto shall be transferable or assignable by the Executive, except in accordance with the laws of the descent and distribution or as specified in Section 9.3.
9.3    Beneficiaries.  The Executive shall be entitled to designate (and change, to the extent permitted under applicable law) a beneficiary or beneficiaries to receive any compensation or benefits provided hereunder following the Executive’s death.
9.4    No Duty to Mitigate.  The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor will any payments or benefits hereunder be subject to offset in the event the Executive does mitigate. 
9.5    Notices.  Whenever under this Agreement it becomes necessary to give notice, such notice shall be in writing, signed by the party or parties giving or making the same, and shall be served on the person or persons for whom it is intended or who should be advised or notified, by Federal Express or other similar overnight service or by certified or registered mail, return receipt requested, postage prepaid and addressed to such party at the address set forth below or at such address as may be designated by such party by like notice:  

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If to the Company or the Board:

First Potomac Realty Trust
7600 Wisconsin Avenue; 11th Floor
Bethesda, Maryland 20814
Attn: Compensation Committee of the Board of Trustees, Chairperson
    
With a copy to:

Hogan Lovells US LLP
Columbia Square
555 Thirteenth Street, NW
Washington, DC 20004
Attn: David Bonser, Esq.

If to Executive, to the address set forth in the records of the Company.

If the parties by mutual agreement supply each other with fax numbers for the purpose of providing notice by facsimile, such notice shall also be proper notice under this Agreement.  Any notice, request, demand, claim, or other communication hereunder shall be deemed duly delivered (i) two (2) business days after it is sent by registered or certified mail, return receipt requested, postage prepaid, (ii) when received if it is sent by fax communication during normal business hours on a business day or one business day after it is sent by fax and received if sent other than during business hours on a business day, (iii) one business day after it is sent via a reputable overnight courier service, charges prepaid, or (iv) when received if it is delivered by hand.
9.6    Headings.  The headings of this Agreement are for convenience of reference only and do not constitute a part hereof.
9.7    Attorneys’ Fees.  The Company shall pay directly the reasonable documented costs of Executive’s retained legal counsel in connection with the negotiation of and entry into this Agreement, including the Separation and Release Agreement, up to a maximum amount of $18,000.00 in the aggregate for the Executive and the other two executives who are party to agreements in substantially the form of this Agreement.
9.8    No General Waivers.  The failure of any party at any time to require performance by any other party of any provision hereof or to resort to any remedy provided herein or at law or in equity shall in no way affect the right of such party to require such performance or to resort to such remedy at any time thereafter, nor shall the waiver by any party of a breach of any of the provisions hereof be deemed to be a waiver of any subsequent breach of such provisions.  No such waiver shall be effective unless in writing and signed by the party against whom such waiver is sought to be enforced.

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9.9    Offsets; Withholding.  The amounts required to be paid by the Company to the Executive pursuant to this Agreement shall not be subject to offset.  The foregoing and other provisions of this Agreement notwithstanding, all payments to be made to Executive under this Agreement, including under Section 3, Section 4, and Section 5, or otherwise by the Company, will be subject to withholding to satisfy required withholding taxes and other required deductions.  
9.10    Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.
9.11    Representations of the Executive.  The Executive represents and warrants to the Company that he has the legal right to enter into this Agreement and to perform all of the obligations on his part to be performed hereunder in accordance with its terms and that he is not a party to any agreement or understanding, written or oral, which prevents him from entering into this Agreement or performing all of his obligations hereunder.
9.12    Conflicting Terms.  Except as set forth herein, in the event of any conflict between the terms of this Agreement and the terms of any other compensation plan, agreement or award (including, without limitation, any annual or long term bonus and any equity based award), the terms and conditions of this Agreement shall govern and control.
10.    Section 409A Savings Provisions.  It is intended that the payments and benefits provided under this Agreement shall be exempt from the application of the requirements of Section 409A of the Code and the regulations and other guidance issued thereunder (collectively, “Section 409A”).  Specifically, any taxable benefits or payments provided under this Agreement are intended to be separate payments that qualify for the “short term deferral” exception to Section 409A to the maximum extent possible, and to the extent they do not so qualify, are intended to qualify for the separation pay exceptions to Section 409A, to the maximum extent possible.  Whenever any payment is to be made within a specified period of time under this Agreement, the exact timing of payment within such period shall be determined in the sole discretion of the Company.
10.1    Separation from Service.  The Executive will be deemed to have a termination of employment for purposes of determining the timing of any payments or benefits hereunder that are classified as deferred compensation only upon a “separation from service” within the meaning of Section 409A.
10.2    Specified Employee Provisions.  Notwithstanding any other provision of this Agreement to the contrary, if at the time of the Executive’s separation from service, (i) the Executive is a specified employee (within the meaning of Section 409A and using the identification methodology selected by the Company from time to time), and (ii) the Company makes a good faith determination that an amount payable on account of such separation from service to the Executive constitutes deferred compensation (within the meaning of Section 409A) the payment of which is 

13

required to be delayed pursuant to the six (6)-month delay rule set forth in Section 409A in order to avoid taxes or penalties under Section 409A (the “Delay Period”), then the Company will not pay such amount on the otherwise scheduled payment date but will instead pay it in a lump sum on the first business day after such Delay Period (or upon the Executive’s death, if earlier), together with interest for the period of delay, compounded annually, equal to the prime rate (as published in the Wall Street Journal) in effect as of the dates the payments should otherwise have been provided.
10.3    Expense Reimbursements.  (a) Any amount that the Executive is entitled to be reimbursed under this Agreement will be reimbursed to the Executive as promptly as practical and in any event not later than the last day of the calendar year after the calendar year in which the expenses are incurred; (b) any right to reimbursement or in kind benefits will not be subject to liquidation or exchange for another benefit; and (c) the amount of the expenses eligible for reimbursement during any taxable year will not affect the amount of expenses eligible for reimbursement in any other taxable year.
11.    Definitions Relating to Termination Events.
11.1    Affiliate.  For purposes of this Agreement, an “affiliate” of any person means another person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such first person, and includes subsidiaries.  
11.2    Cause.  For purposes of this Agreement, “Cause” shall mean Executive’s:
(a)    Conviction of or a plea of guilt or nolo contendere by the Executive for the commission of a felony; 
(b)    Commission by the Executive of one or more acts involving fraud or moral turpitude; 
(c)    Misappropriation by the Executive of any assets of the Company or any Affiliate; 
(d)    Willful misconduct by the Executive which is materially injurious to the Company and/or its employees, officers, Trustees or Affiliates; or
(e)    Fraud or willful misconduct by the Executive that caused or otherwise contributed to the requirement for an accounting restatement of the Company’s financial statements due to noncompliance with any financial reporting requirement (other than a restatement due to a change in accounting rules).
For purposes of this Section 11.2, no act, or failure to act, by the Executive shall be considered “willful” unless committed in bad faith and without a reasonable belief that the act or omission was in the best interests of the Company or its affiliates. 

14

11.3    Change in Control.  For purposes of this Agreement, “Change in Control” shall mean: 
(a)    Any “person” (as such term is used in sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Trust representing more than 50% of the voting power of the then outstanding securities of the Trust; and a Change in Control shall not be deemed to occur as a result of a transaction in which the Trust becomes a subsidiary of another real estate investment trust in which the shareholders of the Trust, immediately prior to the transaction, will beneficially own, immediately after the transaction, shares entitling such shareholders to more than 50% of all votes to which all shareholders of the parent real estate investment trust would be entitled in the election of trustees (without consideration of the rights of any class of stock to elect trustees by a separate class vote); 
(b)    The consummation of (i) a merger, reorganization, sale or other disposition of all or substantially all of the assets of or consolidation of the Trust where the shareholders of the Trust, immediately prior to the merger or consolidation, will not beneficially own, immediately after the merger, reorganization, sale or other disposition or consolidation, shares entitling such shareholders to more than 50% of all votes to which all shareholders of the surviving entity would be entitled in the election of trustees (without consideration of the rights of any class of stock to elect trustees by a separate class vote), or where the members of the Board, immediately prior to the merger or consolidation, would not, immediately after the merger or consolidation, constitute a majority of the board of trustees of the surviving entity, (ii) a sale or other disposition of all or substantially all of the assets of the Trust, or (iii) a liquidation or dissolution of the Trust; or 
(c)    After the effective date that the Executive commences his employment with the Company, trustees are elected such that a majority of the members of the Board shall have been members of the Board for less than two years, unless the election or nomination for election of each new trustee who was not a trustee at the beginning of such two-year period was approved by a vote of at least two-thirds of the trustees then still in office who were trustees at the beginning of such period.
11.4    Change in Control Protection Period. The period commencing on a Change in Control and ending on the second anniversary of the Change in Control.

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11.5    Compensation Accrued at Termination.  For purposes of this Agreement, “Compensation Accrued at Termination” means the following:
(a)    The unpaid portion of annual Base Salary at the rate payable, in accordance with Section 2.1 hereof, at the Executive’s Termination Date, pro-rated through such Termination Date, payable in accordance with the Company’s regular pay schedule;
(b)    Payment for vacation accrued under this Agreement but unused as of the Executive’s Termination Date;
(c)    Except in the event the Executive’s employment is terminated for Cause (except to the extent otherwise required by law), all earned and unpaid and/or vested, non-forfeitable amounts owing or accrued at the Executive’s Termination Date under any compensation and benefit plans, programs, and arrangements set forth or referred to in Sections 2.2 and 2.3 hereof in which the Executive theretofore participated, payable (except as otherwise provided therein, as well as in Section 3, Section 4 and Section 5 of this Agreement) in accordance with the terms and conditions of the plans, programs, and arrangements (and agreements and documents thereunder) pursuant to which such compensation and benefits were granted or accrued; and 
(d)    Reasonable business expenses and disbursements incurred by the Executive prior to the Executive’s termination of employment, to be reimbursed to the Executive, as authorized under Section 2.6, in accordance with the Company’s reimbursement policies as in effect at the Executive’s Termination Date.
11.6    Disability. For purposes of this Agreement, Disability shall mean a physical or mental impairment that substantially limits a major life activity of Executive and renders Executive unable to perform the essential functions of his position even with reasonable accommodation (that does not impose an undue hardship on the Company) and which has lasted at least (i) sixty consecutive days, (ii) the balance of Executives’ entitlement to leave, if any, under the Family and Medical Leave Act, or other similar statute, or (iii) the balance of any elimination period under the Company’s long term disability program (without regard to whether Executive is awarded benefits under such program), whichever is longer.  This definition shall be interpreted and applied consistent with the Americans with Disabilities Act, the Family and Medical Leave Act, Section 409A of the Code, and other applicable law. 
11.7    Equity Awards.  For purposes of this Agreement, “Equity Awards” means any form of stock-based award that has been granted under the Equity Plan.  For the avoidance of doubt, the potential to receive future equity awards under the LTI shall not constitute an Equity Award for purposes of this Agreement until such time, if any, as restricted shares have been granted under the Company’s Equity Plan, at which time they shall be Equity Awards.  Further in the event of 

16

termination without Cause or resignation for Good Reason, the potential to receive future Equity Awards pursuant to the LTI is governed and controlled by Sections 5.2(d) and (e) herein.
11.8    Equity Plan.  For purposes of this Agreement, “Equity Plan” means the Company’s 2009 Equity Compensation Plan, as such plan may be amended and restated from time to time, or any successor or replacement plan. 
11.9    Good Reason.  For purposes of this Agreement, “Good Reason” shall mean, without the Executive’s express written consent, the occurrence of any of the following circumstances:
(a)    the Company’s material breach of any provision of this Agreement, the Annual Cash Incentive Plan, the Long Term Incentive Plan or the Restricted Share Agreement;
(b)    any material reduction in the Executive’s Base Salary;
(c)    any relocation of the Company’s headquarters or the Executive’s primary employment location from the Washington, D.C. metropolitan area or more than fifty (50) miles from the Company’s current headquarters in Bethesda, Maryland;
(d)    the failure of the Company to renew this Agreement upon the expiration of the initial term; or
(e)    any material reduction of the Executive’s current authority, title, responsibilities or duties from those identified at the commencement of Executive’s employment pursuant to this Agreement, or the assignment to Executive of any duties materially inconsistent with Executive’s current position and title.
11.10    Partial Year Bonus.  For purposes of this Agreement, “Partial Year Bonus” shall mean, in the case of a termination on account of death or Disability, without Cause or for Good Reason, an amount equal to the product of (i) the Executive’s Full-Year Target Annual Cash Incentive for the fiscal year in which the Executive’s employment terminates and (ii) a fraction, the numerator of which is the number of days in the current fiscal year through the Executive’s Termination Date, and the denominator of which is 365.
11.11    Termination Date.  For purposes of this Agreement, “Termination Date” shall mean:  
(a)    The date that the Board delivers written notice to the Executive of his termination of employment for Cause or on account of Disability; 
(b)    The date set forth in a written notice delivered to the Executive of his termination of employment without Cause, which shall not be less than thirty (30) days after the date of such notice or more than sixty (60) days after the date of such notice;

17

(c)    The date set forth in a written notice delivered to the Board of the Executive’s resignation, with or without Good Reason, which shall not be less than thirty (30) days after the date of such notice, except as otherwise mutually agreed to by the Company and the Executive;
(d)    The January 14 following the date that the Executive or the Board provides the other party with notice of an election to terminate the automatic extension provision of Section 1.1(a), except as otherwise mutually agreed to by the Company and the Executive; 
(e)    The date of the Executive’s last day of employment; or
(f)    The date of the Executive’s death.

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IN WITNESS WHEREOF, the parties hereto have signed their names as of the day and year first written above.
FIRST POTOMAC REALTY TRUST

By:    /s/ Terry Stevens                    
Name: Terry Stevens
Title:    Chairman of the Board of Trustees

FIRST POTOMAC REALTY INVESTMENT LIMITED PARTNERSHIP

By:    First Potomac Realty Trust
Its General Partner

By:    /s/ Terry Stevens                
Name:    Terry Stevens
Title:    Chairman of the Board of Trustees

EXECUTIVE

/s/ Andrew Blocher                      

19

EXHIBIT A
RESTRICTED SHARE AGREEMENT

A-1
 

FIRST POTOMAC REALTY TRUST

2009 EQUITY COMPENSATION PLAN

RESTRICTED SHARE AGREEMENT

This RESTRICTED SHARE AGREEMENT, is entered into on January 13, 2016 (the “Agreement”), by and between, First Potomac Realty Trust, a Maryland real estate investment trust (the “Company”), and the individual named below (the “Recipient”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings set forth in the First Potomac Realty Trust 2009 Equity Compensation Plan, as amended (the “Plan”).

WHEREAS, on January 13, 2016 (the “Date of Grant”), the Compensation Committee (the “Committee”) of the Board of Trustees (the “Board”) of the Company approved the grant, as of January 13, 2016, of a Restricted Share Award, pursuant to which the Recipient shall receive common shares of beneficial interest, par value $0.001 per share (“Common Shares”), pursuant to and subject to the terms and conditions of the Plan.

NOW, THEREFORE, in consideration of the Recipient's services to the Company and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Number of Shares; Restrictions. The Company hereby grants the Recipient a Restricted Share Award (the “Share Award”) of 75,000 Common Shares (the "Restricted Shares") pursuant to the terms of this Agreement and the provisions of the Plan.  The Restricted Shares may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of and shall be subject to a risk of forfeiture until the lapse of the Restricted Period, as defined in Section 2 below.

2. Lapse of Restrictions; Restricted Period.  Except as otherwise provided in the Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as follows: (i) 18,750 of the Restricted Shares on January 13, 2018; (ii) 18,750 of the Restricted Shares on January 13, 2019; (iii) 18,750 of the Restricted Shares on January 13, 2020; and (iv) 18,750 of the Restricted Shares on January 13, 2021.

3. Change of Control.  The provisions of the Plan applicable to a Change of Control shall apply to the Restricted Shares, and in the event of a Change of Control, the Committee may take such actions as it deems appropriate pursuant to the Plan.  Notwithstanding the preceding sentence, if a Change of Control occurs, all of the Restricted Shares shall become immediately unrestricted and freely transferable by the Recipient on the date of the Change of Control.

                        4.  Rights of Shareholder.  From and after the Date of Grant and for so long as the Restricted Shares are held by or for the benefit of the Recipient, the Recipient shall have all the rights of a shareholder of the Company with respect to the Restricted Shares, including but not 

A-2
 

limited to the right to receive dividends and the right to vote such Restricted Shares.  Dividends paid on Restricted Shares shall be paid at the dividend payment date for the Common Shares in cash or in Common Shares.  Shares distributed in connection with a Common Share split or Common Share dividend shall be subject to restrictions and a risk of forfeiture to the same extent as the Restricted Shares with respect to which such Common Shares have been distributed.

5. Termination of Employment.  Except as otherwise provided in the Recipient’s Employment Agreement with the Company, in the event that Recipient ceases to be employed by the Company for any reason prior to the lapse of the Restricted Period, then the Restricted Shares and any accrued but unpaid dividends that are at that time subject to restrictions set forth herein shall be forfeited to the Company without payment of any consideration by the Company, and neither the Recipient or any of his or her successors, heirs, assigns, or personal representatives shall thereafter have any further rights or interests in such Restricted Shares or dividends. 

6.     Miscellaneous.

(a) Entire Agreement. The Recipient’s Employment Agreement with the Company, this Agreement and the Plan contain the entire understanding and agreement of the Company and the Recipient concerning the subject matter hereof, and supersede all earlier negotiations and understandings, written or oral, between the parties with respect thereto.
(b)   Conflicting Provisions.  This Agreement is made under and subject to the provisions of the Plan, and all of the provisions of the Plan are hereby incorporated by reference into this Agreement. In the event of any conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan shall govern. By signing this Agreement, the Recipient confirms that he or she has received a copy of the Plan and has had an opportunity to review the contents thereof.  Notwithstanding anything in this Section 6(b) to the contrary, the provisions of the Recipient’s Employment Agreement with the Company shall supersede any provisions of the Plan and this Agreement.
(c) No Guarantee of Continued Service. The Recipient acknowledges and agrees that nothing herein shall be deemed to create any implication concerning the adequacy of the Recipient's services to the Company or any of its subsidiaries or shall be construed as an agreement by the Company or any of its subsidiaries, express or implied, to employ the Recipient or contract for the Recipient's services, to restrict the right of the Company or any of its subsidiaries to discharge the Recipient or cease contracting for the Recipient's services or to modify, extend or otherwise affect in any manner whatsoever, the terms of any employment agreement or contract for services that may exist between the Recipient and the Company or any of its subsidiaries.
(d) Assignment and Transfer.  Except as the Committee may otherwise permit pursuant to the Plan, the rights and interests of the Recipient under this Agreement may not be sold, assigned, encumbered, pledged, or otherwise transferred except in the event of the death of the Recipient, by will or by the laws of descent and distribution.  In the event of any attempt by the Recipient to sell, assign, encumber, pledge or otherwise transfer its rights and interests hereunder, except as provided in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Restricted Shares by notice to the Recipient, and the Restricted Shares and all rights hereunder shall 

A-3
 

thereupon become null and void.  The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company.  This Agreement may be assigned by the Company without the Recipient’s consent. 
(e) Withholding of Taxes.   Upon  a portion or all of the Restricted Shares becoming unrestricted, Recipient may elect to satisfy the Company’s tax withholding obligations by having shares withheld up to an amount that does not exceed the Recipient’s minimum applicable withholding tax for federal (including FICA), state and local liabilities.  

(f) Captions. The captions and section numbers appearing in this Agreement are inserted only as a matter of convenience. They do not define, limit, construe or describe the scope or intent of the provisions of this Agreement.

(g) Counterparts. This Agreement may be executed in counterparts, each of which when signed by the Company or the Recipient will be deemed an original and all of which together will be deemed the same agreement.

(h) Notices.  Any notice to the Company provided for in this Agreement shall be addressed to the Company in care of the Secretary at the headquarters of the Company, and any notice to the Recipient shall be addressed to the Recipient at the current address shown on the payroll of the Company, or such other address as the Recipient may designate to the Company in writing pursuant to the procedures of this Section 6(h).  Any notice shall be given by personal delivery, by first class U.S. Mail, or by facsimile. 

 (i) Amendments. Subject to the provisions of the Plan, this Agreement may be amended or modified at any time by an instrument in writing signed by the parties hereto.

(j) Governing Law. This Agreement and the rights of all persons claiming hereunder will be construed and determined in accordance with the laws of the State of Maryland without giving effect to the choice of law principles thereof.

[Signatures follow on next page.]

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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

	
				
	 
	 
	FIRST POTOMAC REALTY TRUST

	Attest:
	 
	 
	 

	 
	 
	 
	 

	                                      
	 
	By:                                                 

	Krista Bean Dorrian
	 
	 
	Samantha Sacks Gallagher

	Vice President, Legal
	 
	 
	Executive Vice President, 

	 
	 
	 
	General Counsel and Secretary

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

I hereby accept the Share Award described in this Agreement, and I agree to be bound by the terms of the Plan and this Agreement. I hereby further agree that all of the decisions and determinations of the Committee shall be final and binding.

 
	
	
	RECIPIENT

	 

	 

	Andrew Blocher

A-5
 

EXHIBIT B
SEPARATION AND RELEASE AGREEMENT
THIS SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE (this “Agreement”) is made as of this __th day of ______________, _____, by and between First Potomac Realty Investment Limited Partnership (the “Company”), First Potomac Realty Trust (the “Trust”) and Andrew Blocher (“Executive”).
WHEREAS, Executive formerly was employed by the Company as its Executive Vice President and Chief Financial Officer pursuant to the terms of the Employment Agreement, dated January 13, 2016 (the “Employment Agreement”);
WHEREAS, the Employment Agreement provides for certain benefits in the event that Executive’s employment is terminated on account of a reason set forth in the Employment Agreement, subject to the terms and conditions therein;
WHEREAS, Executive and the Company mutually desire to terminate Executive’s employment on an amicable basis, such termination to be effective __________________ (“Date of Separation”);
[WHEREAS, as of the Date of Separation, Executive shall resign as a member of the Board of Trustees of First Potomac Realty Trust and from any other trustee, director or officer positions he holds with the Company or any of its direct or indirect subsidiaries and affiliated entities and shall execute any additional resignation documents required by the Company, if any, to effectuate the foregoing]1; and
WHEREAS, in connection with the termination of Executive’s employment, the parties have agreed to a separation package and the resolution of any and all disputes between them.
NOW, THEREFORE, IT IS HEREBY AGREED by and between Executive and the Company as follows:
1.(a)    Executive, for and in consideration of the commitments of the Company as set forth in paragraph 4 of this Agreement, and intending to be legally bound, does hereby unconditionally RELEASE AND FOREVER DISCHARGE the Company, its affiliates, subsidiaries and parents, and its officers, directors, trustees, employees, and agents, and its and their respective successors and assigns, heirs, executors, and administrators (collectively, “Releasees”) from all causes of action, suits, debts, claims and demands whatsoever in law or in equity, which Executive
		
	1. 
	This would only apply to the extent the Executive holds any such positions.

B-1

ever had, now has, or hereafter may have, whether known or unknown or unforeseen, or which his heirs, executors, or administrators may have, by reason of any matter, cause or thing whatsoever, from the beginning of his employment to the date of this Agreement, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to his employment relationship with Company, the terms and conditions of that employment relationship, and the termination of that employment relationship, including, but not limited to, any claims arising under the Age Discrimination in Employment Act (“ADEA”), the Older Workers Benefit Protection Act (“OWBPA”), Title VII of The Civil Rights Act of 1964, the Americans with Disabilities Act, the Family and Medical Leave Act of 1993, the Employee Retirement Income Security Act of 1974, Maryland laws governing employment, and any other claims under any federal, state or local common law, statutory, or regulatory provision, now or hereafter recognized, and any claims for attorneys’ fees and costs.  This Agreement is effective without regard to the legal nature of the claims raised and without regard to whether any such claims are based upon tort, equity, implied or express contract or discrimination of any sort.  Notwithstanding the foregoing provisions of this paragraph 1, nothing herein will release the Company and its parent, subsidiaries and affiliates from (i) any obligation under this Agreement, including but not limited to indemnification rights; (ii) any obligation to provide all benefit entitlements under any benefit or welfare plan that were vested as of the Date of Separation, including the Company’s 401(k) plan and the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”); and (iii) any rights or claims that relate to events or circumstances that occur after the date of this Agreement.
(b)    To the fullest extent permitted by law, and subject to the provisions of paragraph 10 below, Executive represents and affirms that (i) he has not filed or caused to be filed on his behalf any claim for relief against the Company or any Releasee and, to the best of his knowledge and belief, no outstanding claims for relief have been filed or asserted against the Company or any Releasee on his behalf; (ii) he has not reported any improper, unethical or illegal conduct or activities to any supervisor, manager, department head, human resources representative, agent or other representative of the Company, to any member of the Company’s legal or compliance departments, or to the ethics hotline, and has no knowledge of any such improper, unethical or illegal conduct or activities; and (iii) he will not file, commence, prosecute or participate in any judicial or arbitral action or proceeding against the Company or any Releasee based upon or arising out of any act, omission, transaction, occurrence, contract, claim or event existing or occurring on or before the date of this Agreement.  Nothing contained herein shall restrict Executive’s right to file a charge or participate in an investigation, hearing or other proceeding before the Equal Employment Opportunity Commission, except that Executive agrees that he will not accept any recovery, award and/or damages from the Company as a result of any such investigation or proceeding.
2.Effective as of the Date of Separation, Executive hereby resigns as an employee [and as a member of the Board of Trustees of the Trust and from any other trustee, director or officer 

B-2

positions he holds with the Company or any of its direct or indirect subsidiaries and affiliated entities] and shall execute any additional resignation documents required by the Company, if any, to effectuate the foregoing.
3.Executive further agrees that he will not disparage or subvert the Company, or make any statement reflecting negatively on the Company, its affiliated corporations or entities, or any of their officers, directors, trustees, employees, agents or representatives, including, but not limited to, any matters relating to the operation or management of the Company, Executive’s employment and the termination of his employment, irrespective of the truthfulness or falsity of such statement.  The Company agrees that it shall instruct its executive officers and members of the Board of Trustees not to disparage or subvert the Executive.  This Paragraph is not intended to and does not prohibit the Executive from providing truthful testimony or statements made pursuant to valid legal process. 
4.In the event the Executive executes this Agreement within twenty-one (21) days of the Date of Separation and does not revoke this Agreement within the permissible seven (7) day revocation period pursuant to paragraph 16(g), the Company will pay Executive by wire transfer or direct deposit or otherwise provide the benefits described in this paragraph 4, net of any and all required withholdings, (collectively “the Payment”): 
[Note: Severance benefits provided under the Employment Agreement, and the timing of the payment of the severance benefits, would be inserted in this paragraph 4.]
5.Executive understands and agrees that the payments, benefits and agreements provided in this Agreement are being provided to him in consideration for his acceptance and execution of, and in reliance upon his representations in, this Agreement.  Executive acknowledges that if he had not executed this Agreement containing a release of all claims against the Company, he would only have been entitled to the Compensation Accrued at Termination, as defined in the Employment Agreement.
6.No other benefits other than those explicitly addressed herein are continued beyond the Date of Separation.
7.The Company will continue in force its directors and officers liability insurance coverages with respect to any claims that may be asserted against Executive arising out of Executive’s employment with the Company.  Executive shall be eligible for indemnification on the same basis as other former officers of the Company in accordance with its bylaws and applicable law after the Date of Separation.
8.Executive acknowledges and agrees that the Company previously has satisfied any and all obligations owed to him under any employment agreement or offer letter he has with the Company, except for payments which may be due and owing pursuant to the Employment 

B-3

Agreement,2 and that this Agreement supersedes the Employment Agreement and any other employment agreement or offer letter he has with the Company, and any and all prior agreements or understandings, whether written or oral, between the parties shall remain in full force and effect to the extent not inconsistent with this Agreement, and further, that, except as set forth expressly herein, no promises or representations have been made to him in connection with the termination of his employment agreement or offer letter with the Company, or the terms of this Agreement.  
9.Executive represents that he has returned to the Company and does not presently have in his possession any records and business documents, whether on computer or hard copy, and other materials (including but not limited to computer disks and tapes, computer programs and software, office keys, correspondence, files, customer lists, technical information, customer information, pricing information, business strategies and plans, sales records and all copies thereof) (collectively, the “Corporate Records”) provided by the Company and/or its predecessors, subsidiaries or affiliates or obtained as a result of his prior employment with the Company and/or its predecessors, subsidiaries or affiliates, or created by Executive while employed by or rendering services to the Company and/or its predecessors, subsidiaries or affiliates.  Executive acknowledges that all such Corporate Records are the property of the Company.  In addition, Executive shall promptly return in good condition any and all beepers, credit cards, cellular telephone equipment, business cards and computers.  The Company will make arrangements to remove, terminate or transfer any and all business communication lines including network access, cellular phone, fax line and other business numbers.
10.Nothing in this Agreement shall prohibit or restrict Executive from:  (i) making any disclosure of information required by law; (ii) providing information to, or testifying or otherwise assisting in any investigation or proceeding brought by, any federal regulatory or law enforcement agency or legislative body, any self-regulatory organization, or the Company’s designated legal, compliance, or human resources officer; or (iii) filing, testifying, participating in or otherwise assisting in a proceeding relating to an alleged violation of any federal, state or municipal law relating to fraud, or any rule or regulation of the Securities and Exchange Commission or any self-regulatory organization.
11.The parties agree and acknowledge that the agreement by the Company described herein, and the settlement and termination of any asserted or unasserted claims against the Releasees, are not and shall not be construed to be an admission of any violation of any federal, state or local statute or regulation, or of any duty owed by any of the Releasees to Executive.

2 Once Section 4 is completed upon termination of employment, reference will be changed from Employment Agreement to "this Agreement."

B-4

12.Executive agrees and recognizes that should he breach any of the obligations or covenants set forth in this Agreement, the Company will have no further obligation to provide Executive with the consideration set forth herein.  Further, Executive acknowledges in the event of a breach of this Agreement, Releasees may seek any and all appropriate relief for any such breach, including equitable relief and/or money damages, attorney’s fees and costs.
13.Executive further agrees that the Company shall be entitled to preliminary and permanent injunctive relief, without the necessity of proving actual damages, as well as to an equitable accounting of all earnings, profits and other benefits arising from any violations of this Agreement, which rights shall be cumulative and in addition to any other rights or remedies to which the Company may be entitled.
14.This Agreement and the obligations of the parties hereunder shall be construed, interpreted and enforced in accordance with the laws of the State of Maryland.
15.The Company represents that it is authorized to enter into this Agreement and that the Board will cause all actions to be taken in order to fulfill the Company’s obligations hereunder.
16.Executive certifies and acknowledges as follows:
		
	(a)
	That he is releasing claims under the ADEA and OWBPA;

		
	(b)
	That he has read the terms of this Agreement, and that he understands its terms and effects, including the fact that he has agreed to RELEASE AND FOREVER DISCHARGE the Company and each and every one of its affiliated entities from any legal action arising out of his employment relationship with the Company and the termination of that employment relationship;

		
	(c)
	That he has signed this Agreement voluntarily and knowingly in exchange for the consideration described herein, which he acknowledges is adequate and satisfactory to him and which he acknowledges is in addition to any other benefits to which he is otherwise entitled;

		
	(d)
	That he has been and is hereby advised in writing to consult with an attorney prior to signing this Agreement;

		
	(e)
	That he does not waive rights or claims that may arise after the date this Agreement is executed;

		
	(f)
	That the Company has provided him with a period of twenty-one (21) days within which to consider this Agreement, and that Executive has signed on 

B-5

the date indicated below after concluding that this Agreement is satisfactory to him; and
		
	(g)
	Executive acknowledges that (i) this Agreement may be revoked by him in writing and delivered to the Company (attn.: General Counsel) within seven (7) days after execution of it by him, and (ii) this Agreement shall not become effective until the expiration of such seven day revocation period.  In the event this Agreement is not revoked by the Executive within such seven day revocation period, the Payment will commence as set forth in paragraph 4 herein.  In the event of a timely revocation by Executive, this Agreement will be deemed null and void and the Company will have no obligations hereunder.

Intending to be legally bound hereby, Executive and the Company executed the foregoing Separation Agreement and General Release this __ day of _________, ____.
TO BE EFFECTIVE, A SIGNED AGREEMENT MUST BE DELIVERED TO UNDERSIGNED BY NO LATER THAN [21 DAYS].

B-6

FIRST POTOMAC REALTY TRUST

By:                            
Name:
Title:

FIRST POTOMAC REALTY INVESTMENT LIMITED PARTNERSHIP

By:    First Potomac Realty Trust
Its General Partner

By:                            
Name:    
Title:    

EXECUTIVE

_____________________________________    

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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]