Document:

Amended and restated bylaws of our company

 Exhibit 4.1 
 AMENDED AND RESTATED 
 BYLAWS 
 OF 
 FCSTONE GROUP, INC. 
 (adopted October 9, 2006) 
 ARTICLE I

 OFFICES AND RECORDS 
 1.1 Corporate Offices. The principal office of the Corporation shall be located at any place within or without the State of Iowa as designated by the Corporation and on file with the Iowa Secretary of State. The Corporation may have
such other corporate offices and places of business anywhere within or without the State of Iowa as the Board of Directors may from time to time designate or the business of the Corporation may require. 
 1.2 Registered Office and Registered Agent. The location of the registered office and the name of the registered agent of the Corporation in the
State of Iowa shall be as determined from time to time by the Board of Directors and on file in the appropriate public offices of the State of Iowa pursuant to applicable provisions of law. 
 1.3 Books, Accounts and Records, and Inspection Rights. The books, accounts and records of the Corporation, except as otherwise required by the
laws of the State of Iowa, may be kept outside of the State of Iowa, at such place or places as the Board of Directors may from time to time designate. Subject to the requirements of applicable law, the Board of Directors shall determine whether, to
what extent and the conditions upon which the Corporation’s stock ledger, the list of its stockholders, and its other books, accounts and records, or any of them, shall be open to the inspection of the stockholders, and no stockholder shall
have any right to inspect the stock ledger, the stockholder list, or any book, account or record of the Corporation, except as conferred by law or by resolution of the stockholders or Directors. 
 ARTICLE II 
 STOCKHOLDERS

 2.1 Place of Meetings. All meetings of the stockholders shall be held at the offices of the Corporation in the City of West Des
Moines, State of Iowa, or at such other place either within or without the State of Iowa as shall be designated from time to time by the Board of Directors and stated in the notice of the meeting or in a duly executed waiver of notice thereof.

 2.2 Annual Meetings. An annual meeting of the stockholders of the Corporation shall be held on the second Tuesday in January of
each year, if not a legal holiday, and if a legal holiday, then on the next secular day following, at 10:00 a.m., or at such other date and time as shall be designated from time to time by the Board of Directors and stated in the 

 notice of the meeting. At such meeting, the stockholders shall elect directors and shall transact such other business as
may properly come before the meeting as provided in Bylaw 2.11. Each director shall be elected to serve until the expiration of his or her term of office as provided for in Bylaw 3.1 and his or her successor is duly elected and qualified, or until
his or her earlier resignation or removal. 
 2.3 Special Meetings. Special meetings of the stockholders may be held for any purpose
or purposes specified in the Corporation’s notice of meeting, unless otherwise prescribed by statute or by the Amended and Restated Articles of Incorporation. Only such business shall be conducted at a special meeting as shall have been brought
before the meeting pursuant to the Corporation’s notice of meeting and therefore no stockholder may submit a proposal for consideration at a special meeting of stockholders, except as may be permitted by the last sentence of Bylaw 2.11(f);
provided, however, that if the special meeting is called for the purpose of electing directors, a stockholder may nominate a candidate or candidates, subject to compliance with the provisions of Bylaw 2.11(c). Except as otherwise required by law and
subject to the rights, if any, of the holders of any class or series of stock having a preference over the Common Stock as to dividends or upon liquidation, special meetings of the stockholders of the Corporation may be called only by the Chairman
of the Board of Directors, by the President of the Corporation, by the Board of Directors pursuant to a resolution approved by a majority of the whole Board of Directors, or by the holders of shares of the Corporation’s having not less than the
percentage of votes specified in Section 490.702 of the Iowa Business Corporation Act entitled to be cast on any issue upon compliance with the requirements of that Section. 
 The “call” and the “notice” of any such meeting shall be deemed to be synonymous. 
 2.4 Notice. Written or printed notice of each meeting of the stockholders, whether annual or special, stating the place, date and hour of the
meeting, and, in the case of a special meeting, the purpose or purposes thereof, shall be given to each stockholder of record of the Corporation entitled to vote at such meeting, either personally or by mail, not less than ten (10) days nor
more than sixty (60) days prior to the meeting. If mailed, such notice shall be deemed to be delivered when it is deposited in the United States mail, postage prepaid, directed to the stockholder at such stockholders’ address as it appears
on the records of the Corporation. 
 2.5 Waiver of Notice. Whenever any notice is required to be given to any stockholder under any
law, the Amended and Restated Articles of Incorporation or these Bylaws, a written waiver thereof, signed by the person entitled to such notice, or a waiver by electronic transmission by the person entitled to notice (to the extent a waiver by
electronic transmission is permitted by the laws of the State of Iowa), whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice. Attendance by a stockholder at a meeting shall constitute a waiver of
notice of such meeting, except when the stockholder attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the
business to be transacted at, nor the purpose of, any regular or special meeting of the stockholders need be specified in any written waiver of notice or any waiver by electronic transmission unless so required by the Amended and Restated Articles
of Incorporation, these Bylaws or the laws of the State of Iowa. 

 2.6 Meeting Procedures. The order of business and all other matters of procedure at every meeting
of the stockholders may be determined by the presiding officer in a manner consistent with Section 490.708 of the Iowa Business Corporation Act. The Board of Directors shall appoint two or more Inspectors of Election to serve at every meeting
of the stockholders at which Directors are to be elected, which inspectors shall comply with Section 490.729 of the Iowa Business Corporation Act. 
 2.7 Quorum; Voting Requirements; Adjourned Meetings. The holders of a majority of the outstanding shares of stock entitled to vote at any meeting, present in person or represented by proxy, shall constitute a
quorum at all meetings of the stockholders for the transaction of any business, except as otherwise provided by law, by the Amended and Restated Articles of Incorporation or by these Bylaws. In all matters other than the election of directors, the
affirmative vote of a majority in amount of stock of such quorum shall be valid as a corporate act, except in those specific instances in which a larger vote is required by law or by the Amended and Restated Articles of Incorporation or by these
Bylaws. Directors shall be elected by a plurality of the votes present in person or represented by proxy at a meeting at which a quorum is present and entitled to vote on the election of directors. 
 If the holders of a majority of the outstanding shares of stock entitled to vote are not present in person or represented by proxy, at a meeting of
stockholders, the holders of a majority of the stock present in person or represented by proxy at such meeting shall have power successively to adjourn the meeting from time to time to another time, date and place. When a meeting is adjourned to
another time, date and place, notice need not be given of the adjourned meeting if the time, date and place of such adjourned meeting are announced at the meeting at which such adjournment is taken, except as otherwise provided by the laws of the
State of Iowa. At such adjourned meeting at which a quorum is present in person or by proxy, any business may be transacted which might have been transacted at the original meeting. If the adjournment is for more than thirty (30) days, or if
after adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. 
 2.8 Proxies. Each stockholder having the right to vote at a meeting of stockholders may personally vote or may authorize another person or persons
to act for such stockholder by proxy appointed by an instrument in writing executed by such stockholder or by means of electronic transmission which sets forth or is submitted with information from which it can be determined that the transmission
was authorized by the stockholder, except as otherwise provided by the laws of the State of Iowa. No proxy shall be voted or acted upon after eleven months from its date unless the proxy shall provide for a longer period. 
 2.9 Voting. 
 (a) Unless otherwise
provided in the Business Corporation Act of Iowa, the Amended and Restated Articles of Incorporation, these Bylaws or resolutions adopted by the Board of Directors in accordance with the Business Corporation Act of Iowa, each stockholder shall have
one vote for each share of stock entitled to vote at such meeting registered in the name of such stockholder on the books of the Corporation. 

 (b) Shares of stock of the Corporation owned directly or indirectly by another corporation shall not be
voted at any meeting except as permitted by law if a majority of the shares entitled to vote for election of directors of such other corporation are held directly or indirectly by the Corporation. 
 (c) If the name signed on a vote, consent, waiver, or proxy appointment corresponds to the name of a stockholder of the Corporation, the Corporation,
acting in good faith, is entitled to accept the vote, consent, waiver, or proxy appointment and give it effect as the act of the stockholder. If the name signed on a vote, consent, waiver, or proxy appointment does not correspond to the name of a
stockholder of the Corporation, the Corporation, acting in good faith, is nevertheless entitled to accept the vote, consent, waiver, or proxy appointment and give it effect as the act of the stockholder as permitted by Section 490.724 of the
Iowa Business Corporation Act. The Corporation is entitled to reject a vote, consent, waiver, or proxy appointment if the Secretary or other officer or agent of the Corporation authorized to tabulate votes, acting in good faith, has reasonable basis
for doubt about the validity of the signature on it or about the signatory’s authority to sign for the stockholder. The Corporation and its officer or agent who accept or reject a vote, consent, waiver, or proxy appointment in good faith and in
accordance with the standards of Section 490.724 of the Iowa Business Corporation Act are not liable in damages to the stockholder for the consequences of the acceptance or rejection. Corporate action based on the acceptance or rejection of a
vote, consent, waiver, or proxy appointment under Section 490.724 of the Iowa Business Corporation Act is valid unless a court of competent jurisdiction determines otherwise. 
 (d) At all meetings of stockholders the voting shall be by ballot, including the election of directors. If authorized by the Board of Directors and
except as otherwise provided by the laws of the State of Iowa, any requirement for a written ballot shall be satisfied by a ballot submitted by electronic transmission, provided that any such electronic transmission must either set forth or be
submitted with information from which it can be determined that the electronic transmission was authorized by the stockholder or proxy holder. 
 2.10 Stockholders’ Lists; Stock Ledger. 
 (a) Promptly after a record date has been established for each meeting of
stockholders, the Secretary or an Assistant Secretary, who shall have charge of the stock ledger, shall prepare and make a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of
each stockholder and the number and class of shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period
beginning two (2) business days after notice of the meeting is given for which the list was prepared and continuing through the meeting which is the subject of such notice, at the principal office of the Corporation or at a place identified in
the meeting notice in the city where the meeting will be held. The list shall be produced and kept at the time and place of the meeting during the whole time thereof and may be inspected by any stockholder who is present. 
 (b) The stock ledger shall be the only evidence as to who are the stockholders entitled to examine the stock ledger, the list required under Bylaw
2.10(a) or the books of the Corporation, or to vote in person or by proxy at any meeting of the stockholders. 

 2.11 Nomination of Directors and Presentation of Business at Stockholder Meetings. 
 (a) Nominations of persons for election to the Board of Directors and the proposal of business to be considered by the stockholders may be made at an
annual meeting of stockholders (i) pursuant to the Corporation’s notice of meeting, (ii) by or at the direction of the Board of Directors or (iii) by any stockholder of record entitled to vote at the meeting at the time of the
giving of notice provided for in this Bylaw 2.11, who is entitled to vote thereon at the meeting and who complied with the notice procedures set forth in this Bylaw 2.11. 
 (b) For nominations or other business to be properly brought before an annual meeting by a stockholder pursuant to Bylaw 2.11(a)(iii), the stockholder must have given timely notice thereof in writing to the Secretary
of the Corporation and the business that such stockholders proposes to bring before the meeting must be a proper matter for stockholder action under the Iowa Business Corporation Act. To be timely, a stockholder’s notice for nominations and for
all other business to be brought before the meeting must be delivered to the Secretary of the Corporation at the principal executive offices of the Corporation not less than one hundred twenty (120) days in advance of the date of the
Corporation’s proxy statement released to stockholders in connection with the preceding year’s annual meeting; provided, however, that in the event that no annual meeting of stockholders was held in the previous year or the date of the
annual meeting has been changed by more than thirty (30) days from the date contemplated at the time of the previous year’s proxy statement, notice by the stockholder to be timely must be so delivered not later than the close of business
on the later of (i) the 120th day prior to such annual meeting or (ii) the 10th day following the date on which public announcement of the date of such meeting is first made. Such stockholder’s notice shall set forth as to each person
whom the stockholder proposes to nominate for election or reelection as a director: (A) the name and address of the stockholder who intends to make the nomination and of the person or persons to be nominated; (B) a representation that such
stockholder is a holder of record of stock of the Corporation entitled to vote in the election of directors at such meeting and intends to appear in person or by proxy at the meeting to nominate the person or persons specified in the notice;
(C) the name and address of such stockholder, as it appears on the Corporation’s books, and of the beneficial owner (as such term is defined in Section 3(b) of Article IX of the Corporation’s Amended and Restated Articles of
Incorporation), if any, on whose behalf the nomination is made; (D) the class and number of shares of the Corporation’s capital stock that are owned beneficially (with such term having a meaning correlative with that of beneficial owner in
Section 3(b) of Article IX of the Corporation’s Amended and Restated Articles of Incorporation) and of record by the nominating stockholder and each nominee proposed by such stockholder; (E) a description of all arrangements or
understandings between the stockholder and each nominee and any other person or persons (naming such person or persons) pursuant to which the nomination or nominations are to be made by the stockholder; (F) such other information regarding each
nominee proposed by such stockholder as would have been required to be included in a proxy statement filed pursuant to Regulation 14A (17 C.F.R. § 240.14a-1 et seq.) as then in effect under the Securities Exchange Act of 1934, as amended
(“Exchange Act”), had the nominee been nominated, or intended to be nominated, by the Board of Directors; and (G) the consent of each nominee to serve as a director of the Corporation if so elected. As to any other 

 business that the stockholder proposes to bring before the meeting, such stockholder’s notice to the Secretary shall
set forth as to each matter: (I) a brief description of the business desired to be brought before the annual meeting; (II) a representation that such stockholder is a holder of record of stock entitled to vote on the business proposed by such
stockholder and intends to appear in person or by proxy at the meeting to present the proposed business to be brought before the meeting; (III) the name and address of the stockholder proposing such business, as it appears on the Corporation’s
books, and of the beneficial owner (as such term is defined in Section 3(b) of Article IX of the Corporation’s Amended and Restated Articles of Incorporation), if any, on whose behalf the business is proposed; (IV) the class and number of
shares of the Corporation’s capital stock that are owned beneficially (with such term having a meaning correlative with that of beneficial owner in Section 3(b) of Article IX of the Corporation’s Amended and Restated Articles of
Incorporation) and of record by the stockholder; (V) the reason for conducting such business at the meeting and any material interest of the stockholder or such beneficial owner in such business; and (VI) all other information with respect to
each such matter as would have been required to be included in a proxy statement filed pursuant to Regulation 14A (17 C.F.R. § 240.14a-1 et seq.) as then in effect under the Exchange Act, had proxies been solicited by the Board of Directors
with respect thereto. Notwithstanding anything in this Bylaw 2.11(b) to the contrary, in the event that the number of directors to be elected to the Board of Directors is increased and there is no public announcement naming all of the nominees for
director or specifying the size of the increased Board of Directors made by the Corporation at least one hundred forty (140) days in advance of the date of the Corporation’s proxy statement released to stockholders in connection with the
preceding year’s annual meeting, a stockholder’s notice shall also be considered timely, but only with respect to nominees for any new positions created by such increase, if it shall be delivered to the Secretary at the principal executive
offices of the Corporation not later than the close of business on the 10th day following the day on which such public announcement is first made by the Corporation. 
 (c) Only such business shall be conducted at a special meeting of stockholders as shall have been brought before the meeting pursuant to the Corporation’s notice of meeting. Nominations of persons for election to
the Board of Directors may be made at a special meeting of stockholders with regard to which the Board of Directors has determined that directors are to be elected (i) pursuant to the Corporation’s notice of meeting, (ii) by or at the
direction of the Board of Directors, or (iii) by any stockholder who is a stockholder of record at the time of the giving of notice provided for in this Bylaw 2.11, who is entitled to vote for the election of Directors at the meeting and who
complies with the notice procedures set forth in the last sentence of this Bylaw 2.11(c). In the event the Corporation calls a special meeting of stockholders for the purpose of electing one or more directors to the Board, any such stockholder may
nominate a person or persons (as the case may be) for election to such position(s) as specified in the Corporation’s notice of meeting, if the stockholder’s notice setting forth the information required by Bylaw 2.11(b) shall be delivered
to the Secretary at the principal executive offices of the Corporation not later than the close of business on the 10th day following the day on which public announcement is first made of the date of the special meeting. 
 (d) Only such persons who are nominated in accordance with the procedures set forth in this Bylaw 2.11 shall be eligible to serve as directors and only
such business shall be conducted at a meeting of stockholders as shall have been brought before the meeting in accordance with the procedures set forth in this Bylaw 2.11. The chairman of the meeting of 

 stockholders shall have the power and duty to determine whether a nomination or any business proposed to be brought
before the meeting was made in accordance with the procedures set forth in this Bylaw 2.11 and, if any proposed nomination or business is not in compliance with this Bylaw 2.11, to declare that such defective nominations or proposal shall be
disregarded. 
 (e) For purposes of this Bylaw 2.11, “public announcement” shall mean disclosure in a press release reported
by the Dow Jones News Service, Associated Press or comparable national news service or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Sections 13, 14 or 15(d) of the Exchange Act. 

(f) Notwithstanding the foregoing provisions of this Bylaw 2.11, (i) if any class of series of stock has the right, voting separately by class or
series, to elect directors at an annual or special meeting of stockholders, such directors shall be nominated and elected pursuant to the terms of such class of series of stock; and (ii) a stockholder shall also comply with all applicable
requirements of the Exchange Act and the rules and regulations thereunder with respect to the matters set forth in this Bylaw 2.11. To the extent Bylaw 2.11 shall be deemed by the Board of Directors or the Securities and Exchange Commission, or
adjudged by a court of competent jurisdiction, to be inconsistent with the rights of stockholders to request inclusion of a proposal in the Corporation’s proxy statement pursuant to Rule 14a-8 under the Exchange Act, such rule shall prevail.

 ARTICLE III 
 BOARD OF
DIRECTORS 
 3.1 Number; Staggered Terms. 
 (a) Until changed by the Board of Directors as hereinafter provided, the number of directors to constitute the Board of Directors shall be ten (10). Subject to the Amended and Restated Articles of Incorporation, the
Board of Directors shall have the power to change the number of directors by resolution adopted by a majority of the whole Board (including by resolution of the whole Board providing for the issuance of one or more series of Preferred Stock granting
the holders thereof with the right, voting by itself as a series or together with other series of Preferred Stock as a class, to elect one or more directors). Unless otherwise provided for in the Amended and Restated Articles of Incorporation,
directors need not be stockholders of the Corporation or residents of the State of Iowa and need not satisfy any other qualifications. As used in these Bylaws, the terms “whole Board” and “whole Board of Directors”
mean the total number of directors which the Corporation would have if there were no vacancies. 
 (b) In accordance with Article VIII of
the Corporation’s Amended and Restated Articles of Incorporation and Section 490.806 of the Iowa Business Corporation Act, the members of the Board of Directors, other than those who may be elected by the holders of the Preferred Stock or
series thereof, shall be divided into three classes (to be designated as Class I, Class II and Class III), as nearly equal in number as the then total number of directors constituting the whole Board of Directors permits, with the terms of office of
one class expiring each year. With respect to the persons serving on the Board of Directors as of October 9, 2006, Mr. Rolland Svoboda, Mr. Dave Reinders and Mr. Kenneth Hahn hereby are named as Class I 

 directors to hold office for a term expiring at the annual meeting of stockholders for the 2006 fiscal year held in 2007
and until their respective successors are duly elected and qualified or until their respective earlier resignation or removal; Mr. Eric Parthemore, Mr. Jack Friedman and Mr. David Andresen hereby are named as Class II directors to
hold office for a term expiring at the annual meeting of stockholders for the 2007 fiscal year held in 2008 and until their respective successors are duly elected and qualified or until their respective earlier resignation or removal; and
Mr. Bruce Krehbiel, Mr. Tom Leiting, Mr. Brent Bunte and Mr. Doug Derscheid hereby are named as Class III directors to hold office for a term expiring at the annual meeting of stockholders for the 2008 fiscal year held in 2009
and until their respective successors are duly elected and qualified or until their respective earlier resignation or removal. Notwithstanding the foregoing, and except as otherwise required by law, whenever the holders of any one or more series of
Preferred Stock shall have the right, voting separately as a class, to elect one or more directors of the Corporation, the terms of the director or directors elected by such holders shall expire at the next succeeding annual meeting of stockholders.
Subject to the foregoing, at each annual meeting of stockholders the successors to the class of directors whose term shall then expire shall be elected to hold office for a term expiring at the third succeeding annual meeting and until their
respective successors shall be duly elected and qualified or until their respective earlier resignation or removal. 
 3.2 Powers of the
Board. The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors. In addition to the powers and authorities by these Bylaws and the Amended and Restated Articles of Incorporation expressly
conferred upon it, the Board of Directors may exercise all such powers of the Corporation, and do all such lawful acts and things, that are not by statute or by the Amended and Restated Articles of Incorporation or by these Bylaws directed or
required to be exercised or done by the stockholders. 
 3.3 Meetings of the Newly Elected Board. The first meeting of the members of
each newly elected Board of Directors shall be held immediately following and at the same place as the meeting of stockholders, for the purpose of electing officers and for the consideration of any other business that may properly be brought before
the meeting. No notice of the meeting to the directors shall be necessary to legally constitute the meeting, provided a quorum shall be present. If, however, a quorum shall not be present, the first meeting of the members of each newly elected Board
of Directors shall be held at such time and place as shall be consented to in writing by a majority of the directors, provided that written or printed notice of such meeting shall be given to each of the other directors in the same manner as
provided in Bylaw 3.4(b) with respect to the giving of notice for special meetings of the Board except that it shall not be necessary to state the purpose of the meeting in such notice. 
 Every director of the Corporation, upon such director’s election, shall qualify by accepting the office of director, and such director’s
attendance at, or written approval of the minutes of, any meeting of the Board subsequent to such election shall constitute such director’s acceptance of such office; or such director may execute such acceptance by a separate writing, which
shall be placed in the minute book. 

 3.4 Notice of Meetings; Waiver of Notice. 
 (a) Regular Meetings. Regular meetings of the Board of Directors may be held without notice at such times and places either within or without the
State of Iowa as shall from time to time be fixed by resolution adopted by the whole Board of Directors. Any business may be transacted at a regular meeting. 
 (b) Special Meetings. 
 (i) Special meetings of the Board of Directors may be called at any time by
the Chairman of the Board or the President, and shall be called by the Secretary on the written request of a majority of the directors in office. The place may be within or without the State of Iowa as designated in the notice. 
 (ii) Written notice of each special meeting of the Board of Directors, stating the place, date and hour of the meeting and the purpose or purposes
thereof, shall be mailed to each director at least three (3) days before the day on which the meeting is to be held, or shall be sent to the director by telegram, or delivered to the director personally, at least two (2) days before the
day on which the meeting is to be held. If mailed, such notice shall be deemed to be delivered when it is deposited in the United States mail with postage thereon addressed to the director at the director’s residence or usual place of business.
If given by telegraph, such notice shall be deemed to be delivered when it is delivered to the telegraph company. The notice may be given by any person having authority to call the meeting. 
 (iii) “Notice” and “call” with respect to such meetings shall be deemed to be synonymous. 
 (c) Waiver of Notice. Whenever any notice is required to be given to any director under any law, the Amended and Restated Articles of
Incorporation or these Bylaws, a written waiver thereof, signed by the director entitled to notice, or a waiver by electronic transmission by the person entitled to notice (to the extent a waiver by electronic transmission is permitted by the laws
of the State of Iowa), whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice. Attendance by a director at a meeting shall constitute a waiver of notice of such meeting, except when the director
attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because it was not lawfully called or convened. Neither the business to be transacted at, nor the purposes of, any regular or
special meeting of the directors or members of a committee of directors need be specified in any waiver of notice unless so required by the Amended and Restated Articles of Incorporation or these Bylaws. Any meeting of the Board of Directors shall
be a legal meeting without any notice thereof having been given if all directors shall be present. 
 3.5 Meetings by Conference Telephone
or Similar Communications Equipment. Unless otherwise restricted by the Amended and Restated Articles of Incorporation or these Bylaws, members of the Board of Directors of the Corporation, or any committee designated by the Board, may
participate in a meeting of the Board or committee by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting by that means shall
constitute presence in person at such meeting. 

 3.6 Action Without a Meeting. Unless otherwise restricted by the Amended and Restated Articles of
Incorporation or these Bylaws, any action required or permitted to be taken at any meeting of the Board of Directors or any committee thereof may be taken without a meeting if all members of the Board of Directors or of such committee, as the case
may be, consent thereto in writing or by electronic transmission (to the extent a consent by electronic transmission is not prohibited by the laws of the State of Iowa) and each such writing or electronic transmission is filed with the minutes of
proceedings of the Board or of such committee. 
 3.7 Quorum; Voting Requirements. 
 (a) Unless otherwise required by law, the Amended and Restated Articles of Incorporation or these Bylaws, a majority of the whole Board of Directors
shall constitute a quorum for the transaction of business and the act of a majority of the directors present at any meeting at which there is a quorum shall be the act of the Board of Directors. 
 (b) If at least one-third of the total number of directors is present at any meeting at which a quorum is not present, a majority of the directors
present at such meeting shall have power successively to adjourn the meeting from time to time to a subsequent date, without notice to any director other than announcement at the meeting at which the adjournment is taken. At such subsequent session
of the adjourned meeting at which a quorum is present, any business may be transacted which might have been transacted at the original meeting which was adjourned. If the adjournment is for more than thirty (30) days, a notice of the subsequent
session of the adjourned meeting shall be given each director. 
 3.8 Vacancies and Newly Created Directorships. Vacancies and newly
created directorships resulting from any increase in the authorized number of directors elected by all of the stockholders having the right to vote as a single class (specifically excluding directorships created in a certificate of designation
adopted by the Board of Directors pursuant to Article V of the Amended and Restated Articles of Incorporation with respect to shares of any series of Preferred Stock for which the holders of such shares have the exclusive election rights, and any
vacancies in such directorships) may be filled by a majority of the directors then in office, although less than a quorum, or by a sole remaining director, unless it is otherwise provided in the Amended and Restated Articles of Incorporation or
these Bylaws, and any director so chosen shall hold office until such director’s successor is duly elected and qualified, or until such director’s earlier resignation or removal. Whenever the holders of any class or classes of stock or
series thereof are entitled to elect one or more directors by the provisions of the Amended and Restated Articles of Incorporation, vacancies and newly created directorships of such class or classes or series may be filled by a majority of the
directors elected by such class or classes or series thereof then in office, or by a sole remaining director so elected. If there are no directors in office, then an election of directors may be held in the manner provided by statute. No decrease in
the number of directors shall shorten the term of any incumbent director. 

 3.9 Committees. 
 (a) The Board of Directors may, by resolution or resolutions passed by a majority of the whole Board, designate one or more committees consisting of one or more directors of the Corporation and serving at the pleasure
of the Board, with each such committee having such lawfully delegable powers and duties as the Board thereby confers. The creation of any committee and the delegation thereto of the authority herein granted does not alone constitute compliance by a
director with the standards of conduct described in Section 490.830 of the Iowa Business Corporation Act. Among other committees designated by the Board, the Corporation shall have an Audit Committee, a Compensation Committee and a Nominating
and Corporate Governance Committee, and may have an Executive Committee and one or more other committees. 
 (i) Audit
Committee. The purpose of the Audit Committee is to assist the Board of Directors in overseeing the integrity of the Corporation’s financial statements and financial reporting processes, external auditor’s engagement, independence and
performance, internal audit, accounting, and control functions with regards to financial reporting and compliance by the Corporation with legal and regulatory requirements. The Audit Committee shall have such responsibilities as are set forth in a
charter approved by the Board of Directors. The Audit Committee shall be comprised of three or more directors, each of whom is independent of the management of the Corporation and are free from any relationship that, in the opinion of the Board of
Directors, would interfere with the exercise of independent judgment as a member of the committee. Each member of the committee shall hold office until his successor has been duly elected, or until his resignation or removal from the Audit Committee
by the Board of Directors, or until he otherwise ceases to be a director. Any member of the Audit Committee may be removed from the committee by resolution adopted by a majority of the whole Board of Directors. Vacancies in the committee may be
filled by the Board of Directors at any meeting thereof. 
 (ii) Compensation Committee. The purpose of the
Compensation Committee is to review and approve the Corporation’s compensation and benefit programs, ensure the competitiveness of these programs, and advise the Board of Directors on the development of and succession for senior executive
officers. The Compensation Committee shall have such responsibilities as are set forth in a charter approved by the Board of Directors. The Compensation Committee shall be comprised of three or more directors, each of whom is independent of the
management of the Corporation and are free from any relationship that, in the opinion of the Board of Directors, would interfere with the exercise of independent judgment as a member of the committee. Each member of the committee shall hold office
until his successor has been duly elected, or until his resignation or removal from the Compensation Committee by the Board of Directors, or until he otherwise ceases to be a director. Any member of the Compensation Committee may be removed from the
committee by resolution adopted by a majority of the whole Board of Directors. Vacancies in the committee may be filled by the Board of Directors at any meeting thereof. 

 (iii) Nominating and Corporate Governance Committee. The purpose of the Nominating
and Corporate Governance Committee is (A) to identify individuals qualified to become members of the Board of Directors, consistent with criteria approved by the Board and to recommend to the Board proposed nominees for Board membership and
election at the next annual meeting of stockholders, (B) to recommend to the Board directors to serve on each standing committee of the Board, (C) to lead the Board in its annual review of the Board’s performance, (D) to develop
and recommend to the Board a set of corporate governance guidelines, and (E) to take a leadership role in shaping the corporate governance of the Corporation. The Nominating and Corporate Governance Committee shall have such responsibilities as
are set forth in a charter approved by the Board of Directors. The Nominating and Corporate Governance Committee shall be comprised of three or more directors, each of whom is independent of the management of the Corporation and are free from any
relationship that, in the opinion of the Board of Directors, would interfere with the exercise of independent judgment as a member of the committee. Each member of the committee shall hold office until his successor has been duly elected, or until
his resignation or removal from the Nominating and Corporate Governance Committee by the Board of Directors, or until he otherwise ceases to be a director. Any member of the Nominating and Corporate Governance Committee may be removed from the
committee by resolution adopted by a majority of the whole Board of Directors. Vacancies in the committee may be filled by the Board of Directors at any meeting thereof. 
 (iv) Executive Committee. The Board of Directors may, by resolution or resolutions passed by a majority of the whole Board,
designate an Executive Committee of the Board, and may, by like action, abolish the same at any time. If created, the Executive Committee shall be comprised of three (3) members who shall consist of the Chairman of the Board, Vice Chairman of
the Board and, if appointed from among the members of the Board of Directors, the Treasurer, or if the Treasurer is not a member of the Board of Directors, then one additional member of the Board of Directors designated by the Board of Directors to
serve on the Executive Committee. The Executive Committee shall possess and may exercise all of the powers of the Board of Directors in the management of the business and affairs of the Corporation; provided, however, the Executive Committee shall
not possess and may not exercise the power of the Board of Directors to: 
  

	 	a.	Declare or authorize any dividends or other distributions to stockholders; 

  

	 	b.	Approve or propose the adoption or approval by stockholders of any matter required by applicable law to be adopted or approved by stockholders; 

  

	 	c.	Fill any vacancy on the Board of Directors or on any of its committees; 

  

	 	d.	Adopt, amend or repeal any provision of the Certificate of Incorporation; 

  

	 	e.	Adopt, amend or repeal any provision of these Bylaws; 

	 	f.	Adopt or approve a plan of merger not requiring stockholder approval; 

  

	 	g.	Authorize or approve the reacquisition by the Corporation of any shares of its capital stock, except pursuant to a formula or method prescribed by the Board of Directors; or

  

	 	h.	Authorize or approve the issuance or sale, or any contract for the issuance or sale, of any shares of the Corporation’s capital stock, or the designation and relative rights,
preferences and limitations of any class or series of capital stock, except as may be done within limits specifically prescribed by the Board of Directors. 

 (v) Other Committees. The Board of Directors may from time to time create and appoint other committees with one or more members as
it deems desirable. Each additional committee shall bear the designation, have the powers and perform any duties, which are not inconsistent with the Amended and Restated Articles of Incorporation or these Bylaws or with law, as may be assigned to
it by the Board of Directors. 
 (b) The Board may designate one or more directors as alternate members of any committee, who may replace
any absent or disqualified member at any meeting of the committee. Unless otherwise provided by the Amended and Restated Articles of Incorporation, these Bylaws or the charter or Board resolution designating a committee, in the absence or
disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not constituting a quorum, may unanimously appoint another member of the Board of Directors to act at the
meeting in the place of any such absent or disqualified member. 
 (c) Any committee, to the extent provided in the resolution of the Board
of Directors designating such committee, in the applicable committee charter or in these Bylaws, shall have and may exercise all of the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation
and may authorize the seal of the Corporation to be affixed to all papers which may require it; but no such committee shall have the power or authority of the Board of Directors with respect to (i) amending the Corporation’s Amended and
Restated Articles of Incorporation, (ii) approving or recommending to stockholders any type or form of Business Combination (as defined in Section 3(c) of Article IX of the Corporation’s Amended and Restated Articles of
Incorporation), (iii) approving or recommending to the stockholders a dissolution of the Corporation or a revocation of a dissolution, (iv) adopting, amending or repealing the Bylaws, (v) declaring a dividend or making any other
distribution to the stockholders, (vi) authorizing the issuance of stock otherwise than pursuant to the grant or exercise of a stock option under employee stock options of the Corporation or in connection with a public offering of securities
registered under the Securities Act of 1933, (vii) authorizing or approving any reacquisition of stock, except according to a formula or method prescribed by the Board of Directors, (ix) filling any vacancy on the Board of Directors or on
any committee of the Board of Directors, (x) appointing any member of any committee of the Board of Directors, unless the resolution, the charter, these Bylaws or the Amended and Restated Articles of Incorporation expressly so provides, or
(xi) approving or proposing to the stockholders any action that the Iowa Business Corporation Act requires be approved by stockholders. 

 (d) All committees so appointed shall, unless otherwise provided by the Board of Directors, keep regular
minutes of the transactions at their meetings and shall cause them to be recorded in books kept for that purpose in the office of the Corporation and shall report the same to the Board of Directors at its next meeting. The Secretary or an Assistant
Secretary of the Corporation may act as secretary of the committee if the committee so requests. 
 3.10 Compensation. Unless
otherwise restricted by law, the Amended and Restated Articles of Incorporation or these Bylaws, the Board of Directors may, by resolution, fix the compensation to be paid directors for serving as directors of the Corporation and may, by resolution,
fix a sum which shall be allowed and paid for attendance at each meeting of the Board of Directors and may provide for reimbursement of expenses incurred by directors in attending each meeting; provided that nothing herein contained shall be
construed to preclude any director from serving the Corporation in any other capacity and receiving regular compensation therefor. Members of standing or temporary committees may be allowed similar compensation for attending standing or temporary
committee meetings. 
 3.11 Resignation and Removal. Any director may resign at any time upon notice given in writing or by electronic
transmission to the Corporation. Such resignation shall take effect at the time specified therein or shall take effect upon receipt thereof by the Corporation if no time is specified therein, and, unless otherwise specified therein, the acceptance
of such resignation shall not be necessary to make it effective. Unless otherwise specified in and required by the Iowa Business Corporation Act, directors may be removed only in the manner provided in the Corporation’s Amended and Restated
Articles of Incorporation. 
 3.12 Reliance on Records. A director, or a member of any committee designated by the Board of Directors,
shall, in the performance of his or her duties, be fully protected in relying in good faith upon the records of the Corporation and upon such information, opinions, reports or statements presented to the Corporation by any of its officers or
employees, or committees of the Board of Directors, or by any other person as to matters the director reasonably believes are within such other person’s professional or expert competence and who has been selected with reasonable care by or on
behalf of the Corporation. 
 ARTICLE IV 
 OFFICERS 
 4.1 Designations. 
 (a) The officers of the Corporation shall be a Chairman of the Board, a President, one or more Vice Presidents, a Secretary, a Treasurer, one or more
Assistant Secretaries and one or more Assistant Treasurers. The Board of Directors shall elect a President and a Secretary at its first meeting after each annual meeting of the stockholders. The Board then, or from time to time, may also elect one
or more of the other prescribed officers as it may deem advisable, but need not elect any officers other than a President and a Secretary. The Board may, if it desires, elect or appoint additional officers and may further identify or describe any
one or more of the officers of the Corporation. 

 (b) Officers of the Corporation need not be members of the Board of Directors. Any two or more offices
may be held by the same person. 
 (c) An officer shall be deemed qualified when entering upon the duties of the office to which such
officer has been elected or appointed and furnishes any bond required by the Board of Directors; but the Board may also require such officer’s written acceptance and promise faithfully to discharge the duties of such office. 
 4.2 Term of Office. Each officer of the Corporation shall hold office at the pleasure of the Board of Directors or for such other period as the
Board may specify at the time of such officer’s election or appointment, or until such officer’s death, resignation or removal by the Board, whichever first occurs. In any event, each officer of the Corporation who is not reelected or
reappointed at the annual election of officers by the Board next succeeding such person’s election or appointment shall be deemed to have been removed by the Board, unless the Board provides otherwise at the time of such person’s election
or appointment. 
 4.3 Other Agents. The Board of Directors from time to time may appoint such other agents for the Corporation as it
shall deem necessary or advisable, each of whom shall serve at the pleasure of the Board or for such period as the Board may specify, and shall have such titles and such duties, powers, responsibilities and authorities as shall be determined from
time to time by the Board or by an officer empowered by the Board to make such determinations. 
 4.4 Removal. Any officer or agent
elected or appointed by the Board of Directors, and any employee, may be removed or discharged by the Board whenever in its judgment the best interests of the Corporation would be served thereby, but such removal or discharge shall be without
prejudice to the contract rights, if any, of the person so removed or discharged. 
 4.5 Salaries and Compensation. Salaries and
compensation of all elected officers of the Corporation shall be fixed, increased or decreased by the Board of Directors, but this power, except as to the salary or compensation of the Chairman of the Board and the President, may, unless prohibited
by law, be delegated by the Board to the Chairman of the Board, the President or a committee. Salaries and compensation of all appointed officers, agents and employees of the Corporation may be fixed, increased or decreased by the Board of
Directors, but until action is taken with respect thereto by the Board of Directors, the same may be fixed, increased or decreased by the President or such other officer or officers as may be empowered by the Board of Directors to do so. 

4.6 Delegation of Authority to Hire, Discharge and Designate Duties. The Board of Directors from time to time may delegate to the Chairman of
the Board, the President or other officer or executive employee of the Corporation, authority to hire and discharge and to fix and modify the duties and salary or other compensation of employees of the Corporation under the jurisdiction of such
person, and the Board may delegate to such officer or executive employee similar authority with respect to obtaining and retaining for the Corporation the services of attorneys, accountants and other experts. 

 4.7 Chairman of the Board and Vice Chairman. 
 (a) If a Chairman of the Board is elected, such person shall preside at all meetings of the stockholders and directors at which the Chairman of the Board
may be present and shall have such other duties, powers, responsibilities and authorities as may be prescribed elsewhere in these Bylaws. The Board of Directors may delegate such other power, responsibility and authority and assign such additional
duties to the Chairman of the Board, other than those conferred by law exclusively upon the President or other officer, as the Board may from time to time determine, and, to the extent permissible by law, the Board may designate the Chairman of the
Board as the chief executive officer of the Corporation with all of the duties, powers, responsibilities and authorities otherwise conferred upon the President of the Corporation under Bylaw 4.8, or the Board may, from time to time, divide the
duties, powers, responsibilities and authorities for the general control and management of the Corporation’s business and affairs between the Chairman of the Board and the President. 
 (b) In the absence or disability of the Chairman of the Board or in the event of the Chairman of the Board’s inability or refusal to act, the Vice
Chairman of the Board may perform the duties and exercise the powers of the Chairman of the Board until the Board of Directors otherwise provides. The Vice Chairman of the Board shall perform such other duties and have such other power,
responsibility and authority as the Board of Directors may from time to time prescribe. 
 4.8 President. 
 (a) Unless the Board of Directors otherwise provides, the President shall be the chief executive officer of the Corporation with such general executive
duties, powers, responsibilities and authorities of supervision and management as are usually vested in the office of the chief executive officer of a corporation, and shall carry into effect all directions and resolutions of the Board. The
President, in the absence of the Chairman of the Board or the Vice Chairman of the Board or if there is no Chairman of the Board or Vice Chairman of the Board, shall preside at all meetings of the stockholders and of the Board. 
 (b) The President may execute all bonds, notes, debentures, mortgages and other contracts requiring the seal of the Corporation for and in the name of
the Corporation, may cause the corporate seal to be affixed thereto, and may execute all other instruments for and in the name of the Corporation. 
 (c) Unless the Board of Directors otherwise provides, the President, or any person designated in writing by the President, shall have full power and authority on behalf of the Corporation to (i) attend and to vote or take action at any
meeting of the holders of securities of corporations in which the Corporation may hold securities, and at such meetings shall possess and may exercise any and all rights and powers incident to being a holder of such securities, and (ii) execute
and deliver waivers of notice and proxies for and in the name of the Corporation with respect to any securities held by the Corporation. 
 (d) The President shall, unless the Board of Directors otherwise provides, be an ex officio member of all standing committees. 

 (e) The President shall have such other or further duties and authority as may be prescribed elsewhere
in these Bylaws or from time to time by the Board of Directors. 
 (f) If a Chairman of the Board is elected and designated as the chief
executive officer of the Corporation, as provided in Bylaw 4.7, the President shall perform such duties and have such power, responsibility and authority as may be specifically delegated to the President by the Board of Directors or are conferred by
law exclusively upon the President, and in the absence or disability of the Chairman of the Board or in the event of the Chairman of the Board’s inability or refusal to act, the President shall perform the duties and exercise the powers of the
Chairman of the Board. 
 4.9 Vice Presidents. In the absence or disability of the President or in the event of the President’s
inability or refusal to act, any Vice President may perform the duties and exercise the powers of the President until the Board of Directors otherwise provides. Vice Presidents shall perform such other duties and have such other power,
responsibility and authority as the Board may from time to time prescribe. 
 4.10 Secretary and Assistant Secretaries. 
 (a) The Secretary shall attend all meetings of the Board of Directors and all meetings of the stockholders, shall prepare minutes of all proceedings at
such meetings and shall preserve them in a minute book of the Corporation. The Secretary shall perform similar duties for each standing or temporary committee when requested by the Board or such committee. 
 (b) The Secretary shall see that all books, records, lists and information, or duplicates, required to be maintained in the State of Iowa, or elsewhere,
are so maintained. 
 (c) The Secretary shall keep in safe custody the seal of the Corporation, and shall have authority to affix the seal
to any instrument requiring a corporate seal and, when so affixed, may attest the seal by his or her signature. The Board of Directors may give general authority to any other officer to affix the seal of the Corporation and to attest the affixing by
his or her signature. 
 (d) The Secretary shall have the general duties, powers, responsibilities and authorities of a secretary of a
corporation and shall perform such other duties and have such other power, responsibility and authority as may be prescribed elsewhere in these Bylaws or from time to time by the Board of Directors or the chief executive officer of the Corporation,
under whose direct supervision the Secretary shall be. 
 (e) In the absence or disability of the Secretary or in the event of the
Secretary’s inability or refusal to act, any Assistant Secretary may perform the duties and exercise the powers of the Secretary until the Board of Directors otherwise provides. Assistant Secretaries shall perform such other duties and have
such other power, responsibility and authority as the Board of Directors may from time to time prescribe. 

 4.11 Treasurer and Assistant Treasurers. 
 (a) The Treasurer shall have supervision and custody, and responsibility for the safekeeping, of the funds and securities of the Corporation, shall keep
or cause to be kept full and accurate accounts of receipts and disbursements in books belonging to the Corporation and shall keep, or cause to be kept, all other books of account and accounting records of the Corporation. The Treasurer shall deposit
or cause to be deposited all moneys and other valuable effects in the name and to the credit of the Corporation in such depositories as may be designated by the Board of Directors or by any officer of the Corporation to whom such authority has been
granted by the Board. 
 (b) The Treasurer shall disburse, or permit to be disbursed, the funds of the Corporation as may be ordered, or
authorized generally, by the Board of Directors, and shall render to the chief executive officer of the Corporation and the directors whenever they may require, an account of all transactions effected by the Treasurer and of those under the
Treasurer’s jurisdiction, and of the financial condition of the Corporation. 
 (c) The Treasurer shall have the general duties,
powers, responsibilities and authorities of a treasurer of a corporation and shall, unless otherwise provided by the Board of Directors, be the chief financial and accounting officer of the Corporation. The Treasurer shall perform such other duties
and shall have such other power, responsibility and authority as may be prescribed elsewhere in these Bylaws or from time to time by the Board. 
 (d) If required by the Board of Directors, the Treasurer shall give the Corporation a bond in a sum and with one or more sureties satisfactory to the Board for the faithful performance of the duties of that office and for the restoration to
the Corporation, in the case of the Treasurer’s death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in the possession or under control of the Treasurer which belong to
the Corporation. 
 (e) In the absence or disability of the Treasurer or in the event of the Treasurer’s inability or refusal to act,
any Assistant Treasurer may perform the duties and exercise the powers of the Treasurer until the Board of Directors otherwise provides. Assistant Treasurers shall perform such other duties and have other power, responsibility and authority as the
Board of Directors may from time to time prescribe. 
 4.12 Duties of Officers May Be Delegated. If any officer of the Corporation be
absent or unable to act, or for any other reason that the Board of Directors may deem sufficient, the Board may delegate, for the time being, some or all of the functions, duties, powers, responsibilities and authorities of any officer to any other
officer, or to any other agent or employee of the Corporation or other responsible person, provided a majority of the total number of directors concurs. 

 ARTICLE V 
 LIABILITY AND INDEMNIFICATION 
 5.1 Limitation of Liability. To the extent permitted by the
Iowa Business Corporation Act, no person shall be liable to the Corporation or its stockholders for any loss, damage, liability or expense suffered by the Corporation on account of any action taken or omitted to be taken by such person as a director
or officer of the Corporation, or any such service at the request of the Corporation in a like position on behalf of any other corporation, partnership, limited liability company, joint venture, trust, or other entity, if such person (a) acted
in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, or (b) took or omitted to take such action in reliance upon advice of counsel for the Corporation, or for such other
entity, or upon statements made or information furnished by directors, officers, employees or agents of the Corporation, or of such other entity, which such person had no reasonable grounds to disbelieve. 
 5.2 Indemnification of Officers and Directors. Service on the Board of Directors of the Corporation, or as an officer of the Corporation, or any
such service at the request of the Corporation in a like position on behalf of any other corporation, partnership, limited liability company, joint venture, trust, or other entity, is deemed by the Corporation to have been undertaken and carried on
in reliance by such persons on the full exercise by the Corporation of all powers of indemnification which are granted to it under the Iowa Business Corporation Act as amended from time to time. Accordingly, the Corporation shall exercise all of its
permissive powers as often as necessary and to the fullest extent possible to indemnify such persons. Such indemnification shall be limited or denied only when and to the extent that the Iowa Business Corporation Act or other applicable legal
principles limit or deny the Corporation’s authority to so act. This Bylaw 5.2 and the indemnification provisions of the Iowa Business Corporation Act (to the extent not otherwise governed by controlling precedent) shall be construed liberally
in favor of the indemnification of such persons. In addition, except as otherwise expressly provided by the Iowa Business Corporation Act, indemnification provided for under the Iowa Business Corporation Act shall not be deemed exclusive of any
other rights to which those seeking indemnification or advancement of expenses may be entitled under any provision in the Amended and Restated Articles of Incorporation or Bylaws, agreements, vote of stockholders or disinterested directors or
otherwise. 
 5.3 Indemnification of Employees. Employees of the Corporation who are not officers or directors and are not serving at
the request of the Corporation in a like position on behalf of any other corporation, partnership, limited liability company, joint venture, trust, or other entity of the Corporation, shall be indemnified by the Corporation only if the Board of
Directors determines, in its sole discretion, that such indemnification is permissible under the Iowa Business Corporation Act and that such indemnification is in the best interests of the Corporation in each particular circumstance. In the exercise
of its discretion the Board of Directors will consider such factors as it deems appropriate, but ordinarily will not authorize indemnification in any circumstance when the employee seeking indemnification has incurred liability to the Corporation
for such circumstance under the Corporation’s errors and deficits policy applicable to such employee. 

 5.4 Non-Exclusivity. The indemnification and advancement of expenses provided by this Article V
shall not be exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any statute, the Amended and Restated Articles of Incorporation, these Bylaws, any agreement, the vote of stockholders
or disinterested directors, policy of insurance or otherwise, both as to action in their official capacity and as to action in another capacity while holding their respective offices, and shall not limit in any way any right which the Corporation
may have to make additional indemnifications with respect to the same or different persons or classes of person. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article V shall, unless otherwise specifically
provided when authorized or ratified, continue as to a person who has ceased to be a director or officer and shall inure to the benefit of the heirs, executors, administrators and estate of such a person. 
 5.5 Insurance. Upon resolution passed by the Board of Directors, the Corporation may purchase and maintain insurance on behalf of any person who
is or was a director or officer of the Corporation, or is or was serving at the request of the Corporation in a like position on behalf of any other corporation, partnership, limited liability company, joint venture, trust, or other entity, against
any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person’s status as such, whether or not the Corporation would have the power to indemnify such person against such liability
under the provisions of this Article V. 
 5.6 Vesting of Rights. The rights granted by this Article V shall be vested in each person
entitled to indemnification hereunder as a bargained-for, contractual condition of such person’s serving or having served as a director or officer of the Corporation or serving at the request of the Corporation in a like position on behalf of
any other corporation, partnership, limited liability company, joint venture, trust, or other entity and while this Article V may be amended or repealed, no such amendment or repeal shall release, terminate or adversely affect the rights of such
person under this Article V with respect to any act taken or the failure to take any act by such person prior to such amendment or repeal or with respect to any action, suit or proceeding with respect to such act or failure to act filed after such
amendment or repeal. 
 ARTICLE VI 
 STOCK 
 6.1 No Certificates for Shares of Stock. The shares of stock of the Corporation shall be issued without
certificates as provided in Section 490.626 of the Iowa Business Corporation Act. In lieu of any share certificates the Corporation shall issue a written statement of the information required by the Iowa Business Corporation Act to be on share
certificates within a reasonable time after the issuance or transfer of any shares of the Corporation’s stock. This provision shall not apply to any outstanding certificate representing shares of the Corporation’s stock until such
certificate is surrendered to the Corporation. Upon the surrender of any share certificate for transfer, all shares represented by such certificate shall be reissued without a certificate as herein provided. 

 6.2 Transfers of Stock. 
 (a) Transfers of stock shall be subject to the restrictions on transfer, if any, set forth in the Amended and Restated Articles of Incorporation and in
this Bylaw 6.2. Transfers of stock shall be made only upon the stock transfer books of the Corporation, kept at the office of the Corporation or of the transfer agent designated to transfer the class of stock, and before a new certificate is issued
with respect to a previously issued certificate, the old certificate shall be surrendered for cancellation, subject to the provisions of Bylaw 6.6. Until and unless the Board of Directors appoints some other person, firm or corporation as its
transfer agent (and upon the revocation of any such appointment, thereafter until a new appointment is similarly made), the Secretary of the Corporation shall be the transfer agent of the Corporation without the necessity of any formal action of the
Board, and the Secretary, or any person designated by the Secretary, shall perform all of the duties of such transfer agent. 
 (b) Subject
to the restrictions on transfer, if any, set forth in the Amended and Restated Articles of Incorporation, the Corporation’s common stock shall be subject to restrictions on transfer as follows: (i) shares of the Corporation’s common
stock may be transferred to any other holder of the Corporation’s common stock, provided that the transferee of such shares does not hold more than five percent (5%) of the issued and outstanding shares of the Corporation’s common
stock after the transfer; (ii) shares of the Corporation’s common stock may be transferred to any transferee approved in advance by the Board of Directors; (iii) shares of the Corporation’s common stock issued to any Employee
Stock Ownership Plan shall be transferable as provided in such Plan; and (iv) shares of the Corporation’s common stock are not otherwise transferable. 
 (c) The Corporation’s Preferred Stock, or any series thereof, shall be subject to such restrictions on transfer as may be specified for such shares in the certificate of designation adopted by the Board of
Directors pursuant to Article V of the Amended and Restated Articles of Incorporation. 
 (d) The foregoing notwithstanding, restrictions on
the transfer of shares of the Corporation’s stock owned by any employee stock ownership plan adopted by the Board of Directors (including shares owned by any trust created pursuant to any such employee stock ownership plan) shall be governed by
the terms of such plan and the trust, and are not subject to the restrictions contained in this Bylaw 6.2. 
 6.3 Registered
Stockholders. Only stockholders whose names are registered in the stock ledger shall be entitled to be treated by the Corporation as the holders and owners in fact of the shares standing in their respective names, and the Corporation shall not
be bound to recognize any equitable or other claim to or interest in such shares on the part of any other person, whether or not it shall have express or other notice thereof, except as expressly provided by the laws of Iowa. 
 6.4 Record Date. 
 (a)
Stockholders’ Meetings. In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any 

 adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon
which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than seventy (70) nor less than ten (10) days before the date of such meeting. If no record date is fixed by the
Board of Directors, the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at
the close of business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided,
however, that the Board of Directors may fix a new record date for the adjourned meeting. 
 (b) Dividends and Other Distributions.
In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion or
exchange of stock, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall not
be more than sixty (60) days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution
relating thereto. 
 6.5 Regulations. The Board of Directors shall have power and authority to make all such rules and regulations as
it may deem expedient concerning the issue, transfer, conversion and registration of shares of stock of the Corporation (including any certificates representing such shares), not inconsistent with the laws of the State of Iowa, the Amended and
Restated Articles of Incorporation and these Bylaws. 
 6.6 Lost Certificates. No shares of the Corporation’s stock represented
by a previously issued certificate shall be transferred or redeemed until the certificate shall have been surrendered and canceled, except that in case of a lost, destroyed or mutilated certificate, a transfer or redemption may occur upon such terms
and indemnity to the Corporation as the Board of Directors may prescribe. The Board of Directors may direct that a new certificate or certificates be issued in place of any certificate or certificates theretofore issued by the Corporation, alleged
to have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming the certificate or certificates to be lost, stolen or destroyed. When authorizing the issue of such replacement certificate or certificates,
the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such allegedly lost, stolen or destroyed certificate or certificates, or such owner’s legal representative, to give the
Corporation a bond in such sum as it may direct to indemnify the Corporation against any claim that may be made against it on account of the alleged loss, theft or destruction of any such certificate or the issuance of such new certificate or
certificates. 
 ARTICLE VII 
 CORPORATE FINANCE 
 7.1 Dividends. Dividends on the outstanding shares of stock of the Corporation, subject to the
provisions of the Amended and Restated Articles of Incorporation 

 and of any applicable law and of these Bylaws, may be declared by the Board of Directors at any meeting. Subject to such
provisions, dividends may be paid in cash, in property or in shares of stock of the Corporation. A member of the Board of Directors, or a member of any committee designated by the Board of Directors, shall be fully protected in relying in good faith
upon the records of the Corporation and upon such information, opinions, reports or statements presented to the Corporation by any of its officers or employees, or committees of the Board of Directors, or by any other person as to matters the
director reasonably believes are within such other person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Corporation, as to the value and amount of the assets, liabilities and/or net
profits of the Corporation, or any other facts pertinent to the existence and amount of surplus or other funds from which dividends might properly be declared and paid, or with which the Corporation’s stock might properly be purchased or
redeemed. 
 7.2 Creation of Reserves. The Board of Directors may set apart out of any of the funds of the Corporation available for
dividends a reserve or reserves for any proper purpose and may abolish any such reserve. 
 ARTICLE VIII 
 GENERAL PROVISIONS 
 8.1 Fiscal
Year. The Board of Directors shall have power to fix and from time to time change the fiscal year of the Corporation. In the absence of action by the Board of Directors, the fiscal year of the Corporation shall end each year on the last day of
August in each year, until such time, if any, as the fiscal year shall be changed by the Board of Directors. 
 8.2 Corporate Seal;
Facsimile Signatures. Unless otherwise provided by resolution adopted by the Board of Directors, the Corporation shall have no corporate seal. In addition to the provisions for use of facsimile signatures elsewhere specifically authorized in
these Bylaws, facsimile signatures of any officer or officers of the Corporation may be used whenever and as authorized by the Board of Directors or a committee thereof. 
 8.3 Depositories. The moneys of the Corporation shall be deposited in the name of the Corporation in such bank or banks or other depositories as the Board of Directors shall designate, and shall be drawn out
only by check or draft signed by persons designated by resolution adopted by the Board of Directors. Notwithstanding the foregoing the Board of Directors may by resolution authorize an officer or officers of the Corporation to designate any bank or
banks or other depositories in which moneys of the Corporation may be deposited, and to designate the persons who may sign checks or drafts on any particular account or accounts of the Corporation, whether created by direct designation of the Board
of Directors or by an authorized officer or officers as aforesaid. 
 8.4 Contracts. The Board of Directors may authorize any officer
or officers, or agent or agents, to enter into any contract or execute and deliver any instrument for, and in the name of, the Corporation, and such authority may be general or confined to specific instances. 

 8.5 Amendments. These Bylaws may be altered, amended or repealed, or new Bylaws may be adopted, in
the manner provided in the Amended and Restated Articles of Incorporation. 
 ARTICLE IX 
 EMPLOYEE STOCK OWNERSHIP PLAN 
 9.1
Employee Stock Ownership Plan. The Corporation may have an Employee Stock Ownership Plan, but in no event shall it acquire or at any time hold more than 20% of the issued and outstanding shares of the Corporation’s common stock.

 ARTICLE X 
 PATRONAGE
RIGHTS 
 10.1 Patronage. Effective as of September 1, 2004, no stockholder is or will be entitled to any rights based on
membership or patronage of the Corporation on and after such date. The provisions of Article IX of the Corporation’s Bylaws, as in effect on August 31, 2004, shall remain in effect for patronage dividend distributions made by the
Corporation with respect to its fiscal year ended August 31, 2004 and with respect to prior fiscal years. After August 31, 2004, those provisions shall have no effect. Section 4 of Article VIII of the Corporation’s Bylaws, as in
effect on August 31, 2004, shall remain in effect for patronage dividend distributions made by the Corporation with respect to fiscal year ended August 31, 2004 and with respect to prior fiscal years. After August 31, 2004, that
section shall have no effect. 
 *    *    * 
 CERTIFICATE 
 The undersigned Secretary of FCStone Group, Inc, an Iowa
corporation, hereby certifies that the foregoing Bylaws are the amended and restated Bylaws of such Corporation adopted by the board of directors of such Corporation on October 9, 2006 in accordance with Article XI of the Amended and Restated
Articles of Incorporation. 
 Dated: October 9, 2006 
  

	
	 /s/ Eric Parthemore

	Eric Parthemore
	SecretaryForm of Indenture between The Toledo Edison Company and The Bank of New York

 Exhibit 4(a) 
  

 THE TOLEDO EDISON COMPANY 
 TO 
 THE BANK OF NEW YORK TRUST COMPANY, N.A. 
 as Trustee 
 Indenture

 (For Unsecured Debt Securities) 
 Dated as of                      , 2006 
  

 TABLE OF CONTENTS1 
  

					
	PARTIES	  	
		
	RECITAL OF THE COMPANY	  	1
		
	Article One Definitions and Other Provisions of General Application	  	1
			
	Section 101.	  	 Definitions
	  	1
	Section 102.	  	 Compliance Certificates and Opinions
	  	9
	Section 103.	  	 Form of Documents Delivered to Trustee
	  	9
	Section 104.	  	 Acts of Holders
	  	10
	Section 105.	  	 Notices, etc. to Trustee and Company
	  	12
	Section 106.	  	 Notice to Holders of Securities: Waiver
	  	12
	Section 107.	  	 Conflict with Trust Indenture Act
	  	13
	Section 108.	  	 Effect of Headings and Table of Contents
	  	13
	Section 109.	  	 Successors and Assigns
	  	13
	Section 110.	  	 Severability Clause
	  	13
	Section 111.	  	 Benefits of Indenture
	  	13
	Section 112.	  	 Governing Law
	  	13
	Section 113.	  	 Legal Holidays
	  	13
	Section 114.	  	 Waiver of Jury Trial
	  	14
	Section 115.	  	 Force Majeure
	  	14
		
	Article Two Security Forms	  	14
			
	Section 201.	  	 Forms Generally
	  	14
	Section 202.	  	 Form of Trustee’s Certificate of Authentication
	  	14
		
	Article Three The Securities	  	15
			
	Section 301.	  	 Amount Unlimited: Issuable in Series
	  	15
	Section 302.	  	 Denominations
	  	18
	Section 303.	  	 Execution, Authentication, Delivery and Dating
	  	18
	Section 304.	  	 Temporary Securities
	  	21
	Section 305.	  	 Registration, Registration of Transfer and Exchange
	  	21
	Section 306.	  	 Mutilated, Destroyed, Lost and Stolen Securities
	  	23
	Section 307.	  	 Payment of Interest, Interest Rights Preserved
	  	23
	Section 308.	  	 Persons Deemed Owners
	  	24
	Section 309.	  	 Cancellation by Security Registrar
	  	24
	Section 310.	  	 Computation of Interest
	  	25
	Section 311.	  	 Payment to Be in Proper Currency
	  	25
	Section 312.	  	 Extension of Interest Payment
	  	25

  

	1	Note: This table of contents shall not, for any purpose, be deemed to be part of the Indenture. 

  

 i 

					
	Article Four Redemption of Securities	  	26
			
	Section 401.	  	 Applicability of Article
	  	26
	Section 402.	  	 Election to Redeem: Notice to Trustee
	  	26
	Section 403.	  	 Selection of Securities to Be Redeemed
	  	26
	Section 404.	  	 Notice of Redemption
	  	27
	Section 405.	  	 Securities Payable on Redemption Date
	  	28
	Section 406.	  	 Securities Redeemed in Part
	  	28
		
	Article Five Sinking Funds	  	28
			
	Section 501.	  	 Applicability of Article
	  	28
	Section 502.	  	 Satisfaction of Sinking Fund Payments with Securities
	  	29
	Section 503.	  	 Redemption of Securities for Sinking Fund
	  	29
		
	Article Six Covenants	  	30
			
	Section 601.	  	 Payment of Principal, Premium and Interest
	  	30
	Section 602.	  	 Maintenance of Office or Agency
	  	30
	Section 603.	  	 Money for Securities Payments to Be Held in Trust
	  	31
	Section 604.	  	 Corporate Existence
	  	32
	Section 605.	  	 Maintenance of Properties
	  	32
	Section 606.	  	 Annual Officer’s Certificate as to Compliance
	  	32
	Section 607.	  	 Waiver of Certain Covenants
	  	32
	Section 608.	  	 Limitation on Liens
	  	33
	Section 609.	  	 Limitation on Sale and Lease-Back Transactions
	  	35
		
	Article Seven Satisfaction and Discharge	  	35
			
	Section 701.	  	 Satisfaction and Discharge of Securities
	  	35
	Section 702.	  	 Satisfaction and Discharge of Indenture
	  	38
	Section 703.	  	 Application of Trust Money
	  	38
		
	Article Eight Events of Default; Remedies	  	39
			
	Section 801.	  	 Events of Default
	  	39
	Section 802.	  	 Acceleration of Maturity; Rescission and Annulment
	  	40
	Section 803.	  	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	41
	Section 804.	  	 Trustee May File Proofs of Claim
	  	42
	Section 805.	  	 Trustee May Enforce Claims Without Possession of Securities
	  	42
	Section 806.	  	 Application of Money Collected
	  	42
	Section 807.	  	 Limitation on Suits
	  	43
	Section 808.	  	 Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	44
	Section 809.	  	 Restoration of Rights and Remedies
	  	44
	Section 810.	  	 Rights and Remedies Cumulative
	  	44
	Section 811.	  	 Delay or Omission Not Waiver
	  	44
	Section 812.	  	 Control by Holders of Securities
	  	44

  

 ii 

					
	Section 813.	  	 Waiver of Past Defaults
	  	45
	Section 814.	  	 Undertaking for Costs
	  	45
	Section 815.	  	 Waiver of Stay or Extension Laws
	  	45
		
	Article Nine The Trustee	  	46
			
	Section 901.	  	 Certain Duties and Responsibilities
	  	46
	Section 902.	  	 Notice of Defaults
	  	47
	Section 903.	  	 Certain Rights of Trustee
	  	47
	Section 904.	  	 Not Responsible for Recitals or Issuance of Securities
	  	48
	Section 905.	  	 May Hold Securities
	  	48
	Section 906.	  	 Money Held in Trust
	  	48
	Section 907.	  	 Compensation and Reimbursement
	  	49
	Section 908.	  	 Disqualification; Conflicting Interests
	  	49
	Section 909.	  	 Corporate Trustee Required: Eligibility
	  	50
	Section 910.	  	 Resignation and Removal; Appointment of Successor
	  	50
	Section 911.	  	 Acceptance of Appointment by Successor
	  	52
	Section 912.	  	 Merger, Conversion, Consolidation or Succession to Business
	  	53
	Section 913.	  	 Preferential Collection of Claims Against Company
	  	53
	Section 914.	  	 Co-trustees and Separate Trustees
	  	53
	Section 915.	  	 Appointment of Authenticating Agent
	  	55
		
	Article Ten Holders’ Lists and Reports by Trustee and Company	  	56
			
	Section 1001.	  	 Lists of Holders
	  	56
	Section 1002.	  	 Reports by Trustee and Company
	  	57
		
	Article Eleven Consolidation, Merger Conveyance or Other Transfer	  	57
			
	Section 1101.	  	 Company May Consolidate, etc. Only on Certain Terms
	  	57
	Section 1102.	  	 Successor Person Substituted
	  	58
		
	Article Twelve Supplemental Indentures	  	58
			
	Section 1201.	  	 Supplemental Indentures Without Consent of Holders
	  	58
	Section 1202.	  	 Supplemental Indentures With Consent of Holders
	  	60
	Section 1203.	  	 Execution of Supplemental Indentures
	  	61
	Section 1204.	  	 Effect of Supplemental Indentures
	  	61
	Section 1205.	  	 Conformity With Trust Indenture Act
	  	61
	Section 1206.	  	 Reference in Securities to Supplemental Indentures
	  	61
	Section 1207.	  	 Modification Without Supplemental Indenture
	  	61
		
	Article Thirteen Meetings of Holders; Action Without Meeting	  	62
			
	Section 1301.	  	 Purposes for Which Meetings May Be Called
	  	62
	Section 1302.	  	 Call, Notice and Place of Meetings
	  	62
	Section 1303.	  	 Persons Entitled to Vote at Meetings
	  	63

  

 iii 

					
	Section 1304.	  	 Quorum; Action
	  	63
	Section 1305.	  	 Attendance at Meetings, Determination of Voting Rights; Conduct and Adjournment of Meetings
	  	64
	Section 1306.	  	 Counting Votes and Recording Action of Meetings
	  	64
	Section 1307.	  	 Action Without Meeting
	  	65
		
	Article Fourteen Immunity of Incorporators, Shareholders, Officers and Directors	  	65
			
	Section 1401.	  	 Liability Solely Corporate
	  	65

  

 iv 

 THE TOLEDO EDISON COMPANY 
 Reconciliation and tie between Trust Indenture Act of 1939 
 and Indenture, dated as of
                     , 2006 
  

					
	Trust Indenture Act Section	  	Indenture Section
	§310	  	 (a)(1)
	  	909
		  	 (a)(2)
	  	909
		  	 (a)(3)
	  	914
		  	 (a)(4)
	  	Not Applicable
		  	 (b)
	  	908
		  		  	910
	§311	  	 (a)
	  	913
		  	 (b)
	  	913
		  	 (c)
	  	913
	§312	  	 (a)
	  	1001
		  	 (b)
	  	1001
		  	 (c)
	  	1001
	§313	  	 (a)
	  	1002
		  	 (b)
	  	1002
		  	 (c)
	  	1002
	§314	  	 (a)
	  	1002
		  	 (a)(4)
	  	606
		  	 (b)
	  	Not Applicable
		  	 (c)(1)
	  	102
		  	 (c)(2)
	  	102
		  	 (c)(3)
	  	Not Applicable
		  	 (d)
	  	Not Applicable
		  	 (e)
	  	102
	§315	  	 (a)
	  	901
		  		  	903
		  	 (b)
	  	902
		  	 (c)
	  	901
		  	 (d)
	  	901
		  	 (e)
	  	814
	§316	  	 (a)
	  	812
		  		  	813
		  	 (a)(1)(A)
	  	802
		  		  	812
		  	 (a)(1)(B)
	  	813
		  	 (a)(2)
	  	Not Applicable
		  	 (b)
	  	808
	§317	  	 (a)(1)
	  	803
		  	 (a)(2)
	  	804
		  	 (b)
	  	603
	§318	  	 (a)
	  	107

  

 i 

 INDENTURE, dated as of
                     , 2006 between THE TOLEDO EDISON COMPANY, a corporation duly organized and existing under the laws of the
State of Ohio (herein called the “Company”), having its principal office at 76 South Main Street, Akron, Ohio 44308-1890, and THE BANK OF NEW YORK TRUST COMPANY, N.A., a banking association duly organized and existing under
the laws of the United States of America, as Trustee (herein called the “Trustee”). 
 RECITAL OF THE COMPANY 
 The Company has duly authorized the execution and delivery of this indenture to provide for the issuance from time to time of its unsecured debentures,
notes or other evidences of indebtedness (herein called the “Securities”), in an unlimited aggregate principal amount to be issued in one or more series as contemplated herein; and all acts necessary to make this Indenture a valid
and legally binding agreement of the Company have been performed. 
 For all purposes of this Indenture, except as otherwise expressly
provided or unless the context otherwise requires, capitalized terms used herein shall have the meanings assigned to them in Article One of this Indenture. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of
the Securities by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of any series thereof, as follows: 
 ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 101. Definitions. For all purposes of this indenture, except as otherwise expressly provided or unless the context otherwise requires:

 (a) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as
the singular; 
 (b) all terms used herein without definition which are defined in the Trust Indenture Act, either directly or
by reference therein, have the meanings assigned to them therein; 
 (c) all accounting terms not otherwise defined herein
have the meanings assigned to them in accordance with generally accepted accounting principles in the United States, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to
any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United States at the date of such computation or, at the election of the Company from time to time, at the date of the execution
and delivery of this Indenture; provided, however, that in determining generally accepted accounting principles applicable to the Company, the Company shall, to the extent required, 

 
conform to any order, rule or regulation of any administrative agency, regulatory authority or other governmental body having jurisdiction over the Company;

 (d) any reference herein to an “Article” or “Section” refers to an “Article” or
“Section”, as the case may be, of this Indenture; and 
 (e) the words “herein”, “hereof’ and
“hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 Certain terms, used principally in Article Nine, are defined in that Article. 
 “Act”, when
used with respect to any Holder of a Security, has the meaning specified in Section 104. 
 “Affiliate” of any
specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any
specified Person means the power to direct the management and policies of such Person, directly or through one or more intermediaries, whether through the ownership of voting securities, by contract or otherwise; and the terms
“controlling” and “controlled” have meanings correlative to the foregoing. 
 “Authenticating Agent”
means any Person (other than the Company or an Affiliate of the Company) authorized by the Trustee pursuant to Section 915 to act on behalf of the Trustee to authenticate one or more series of Securities or Tranche thereof. 
 “Authorized Officer” means the Chairman of the Board, the Vice Chairman of the Board, the President, any Vice President, the Treasurer,
any Assistant Treasurer, or any other officer or agent of the Company duly authorized by the Board of Directors to act in respect of matters relating to this Indenture. 
 “Board of Directors” means either the board of directors of the Company or any committee thereof duly authorized to act in respect of matters relating to this Indenture. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly
adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 
 “Business Day”, when used with respect to a Place of Payment or any other particular location specified in the Securities or this Indenture, means any day, other than a Saturday or Sunday, which is not a day on which the
Corporate Trust Office of the Trustee or banking institutions or trust companies in such Place of Payment or other location are generally authorized or required by law, regulation or executive order to remain closed, except as may be otherwise
specified as contemplated by Section 301. 
 “Capitalization” means the total of all the following items appearing on,
or included in, the Company’s consolidated balance sheet: (i) liabilities for indebtedness maturing more than 

  

 2 

 
twelve (12) months from the date of determination; and (ii) common stock, preferred stock, Hybrid Preferred Securities, premium on capital stock,
capital surplus, capital in excess of par value, and retained earnings (however the foregoing may be designated), less, to the extent not otherwise deducted, the cost of shares of the capital stock of the Company held in the Company’s treasury.
Subject to the foregoing, capitalization shall be determined in accordance with generally accepted accounting principles and practices applicable to the type of business in which the Company is engaged and may be determined as of a date not more
than sixty (60) days prior to the happening of an event for which such determination is being made. 
 “Commission”
means the Securities and Exchange Commission, as from time to time constituted, created under the Securities Exchange Act of 1934, as amended, or, if at any time after the date of execution and delivery of this Indenture such Commission is not
existing and performing the duties now assigned to it under the Trust Indenture Act, then the body, if any, performing such duties at such time. 
 “Company” means the Person named as the “Company” in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and
thereafter “Company” shall mean such successor Person. 
 “Company Request” or “Company
Order” means a written request or order signed in the name of the Company by an Authorized Officer and delivered to the Trustee. 
 “Corporate Trust Office” means an office of the Trustee at which at any particular time its corporate trust business shall be administered, which office at the date of execution and delivery of this instrument is located at
250 W. Huron Road, 4th Floor, Cleveland, Ohio 44113, Attention: Corporate Trust Administration. 
 “Corporation” means a
corporation, association, company, limited liability company, partnership, joint stock company or business or statutory trust. 
 “Debt” means any outstanding debt for money borrowed evidenced by notes, debentures, bonds or other securities. 
 “Defaulted Interest” has the meaning specified in Section 307. 
 “Discount Security” means
any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 802. 
 “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United States as at the time
shall be legal tender for the payment of public and private debts. 
 “Eligible Obligations” means: 
 (a) with respect to Securities denominated in Dollars, Government Obligations; or 
  

 3 

 (b) with respect to Securities denominated in a currency other than Dollars or in a
composite currency, such other obligations or instruments as shall be specified with respect to such Securities, as contemplated by Section 301. 
 “Event of Default” has the meaning specified in Section 801. 
 “Governmental
Authority” means the government of the United States or of any State or Territory thereof or of the District of Columbia or of any county, municipality or other political subdivision of any of the foregoing, or any department, agency,
authority or other instrumentality of any of the foregoing. 
 “Government Obligations” means: 
 (a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States and
entitled to the benefit of the full faith and credit thereof; and 
 (b) certificates, depositary receipts or other
instruments which evidence a direct ownership interest in obligations described in clause (a) above or in any specific interest or principal payments due in respect thereof; provide, however, that the custodian of such obligations
or specific interest or principal payments shall be a bank or trust company (which may include the Trustee or any Paying Agent) subject to Federal or state supervision or examination with a combined capital and surplus of at least $50,000,000; and
provided, further, that except as may be otherwise required by law, such custodian shall be obligated to pay to the holders of such certificates, depositary receipts or other instruments the full amount received by such custodian in
respect of such obligations or specific payments and shall not be permitted to make any deduction therefrom. 
 “Holder”
means a Person in whose name a Security is registered in the Security Register. 
 “Hybrid Preferred Securities” means any
preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics: 
 (i) such Hybrid Preferred Securities Subsidiary lends substantially all of the proceeds from the issuance of such preferred securities to the Company, or a wholly-owned Subsidiary of the Company, in exchange for
Subordinated Indebtedness issued by the Company; 
 (ii) such preferred securities contain terms providing for the deferral of
interest payments corresponding to provisions providing for the deferral of interest payments on the related Subordinated Indebtedness; and 
 (iii) the Company makes periodic interest payments on the related Subordinated Indebtedness, which interest payments are in turn used by the Hybrid Preferred Securities Subsidiary to make corresponding payments to the
holders of the preferred securities. 
  

 4 

 “Hybrid Preferred Securities Subsidiary” means any limited partnership or business trust
(or similar entity) (i) all of the general partnership or common equity interest of which is owned (either directly or indirectly through any wholly-owned Subsidiary of the Company or any consolidated Subsidiary of the Company) at all times by
the Company, (ii) that has been formed for the purpose of issuing Hybrid Preferred Securities and (iii) substantially all of the assets of which consist at all times solely of Subordinated Indebtedness issued by the Company and payments
made from time to time on such Subordinated Indebtedness. 
 “Indenture” means this instrument as originally executed and
delivered and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of a particular series of Securities established
as contemplated by Section 301. 
 “Interest”, with respect to a Discount Security only, means interest, if any, borne
by such Security at a Stated Interest Rate. 
 “Interest Payment Date”, when used with respect to any Security, means the
Stated Maturity of an installment of interest on such Security. 
 “Lien” means any mortgage, security interest, pledge or
lien. 
 “Maturity”, when used with respect to any Security, means the date on which the principal of such Security or an
installment of principal becomes due and payable as provided in such Security or in this Indenture, whether at the Stated Maturity, by declaration of acceleration, upon redemption, tender for purchase, or otherwise. 
 “Net Tangible Assets” means the amount shown as total assets on the Company’s consolidated balance sheet, less (i) intangible
assets including, without limitation, such items as goodwill, trademarks, trade names, patents, and unamortized debt discount and expense and other regulatory assets carried as an asset on the Company’s consolidated balance sheet;
(ii) current liabilities; and (iii) appropriate adjustments, if any, related to minority interests. Such amounts shall be determined in accordance with generally accepted accounting principles and practices applicable to the type of
business in which the Company is engaged and may be determined as of a date not more than sixty (60) days prior to the happening of the event for which such determination is being made. 
 “Officer’s Certificate” means a certificate signed by an Authorized Officer and delivered to the Trustee. 
 “Operating Property” means (i) any interest in real property owned by the Company and (ii) any asset owned by the Company that
is depreciable in accordance with generally accepted accounting principles. 
 “Opinion of Counsel” means a written opinion
of counsel, who may be counsel for the Company. 
  

 5 

 “Outstanding”, when used with respect to Securities, means, as of the date of
determination, all Securities theretofore authenticated and delivered under this Indenture, except: cancellation; 
 (a)
Securities theretofore canceled or delivered to the Security Registrar for cancellation; 
 (b) Securities deemed to have been
paid in accordance with Section 701; and 
 (c) Securities which have been paid pursuant to Section 306 or in
exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it and the
Company that such Securities are held by a bona fide purchaser or purchasers in whose hands such Securities are valid obligations of the Company; 
 provided, however, that in determining whether or not the Holders of the requisite principal amount of the Securities Outstanding under this Indenture, or the Outstanding Securities of any series or Tranche, have given any
request, demand, authorization, direction, notice, consent or waiver hereunder or whether or not a quorum is present at a meeting of Holders of Securities, 
 (x) Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor (unless the Company, such Affiliate or such obligor owns all Securities Outstanding
under this Indenture, or (except for the purposes of actions to be taken by Holders of (i) more than one series voting as a class under Section 812 or (ii) more than one series or more than one Tranche, as the case may be, voting as a
class under Section 1202) all Outstanding Securities of each such series and each such Tranche, as the case may be, determined without regard to this clause (x)) 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 or upon any such determination as to the presence of a quorum, only Securities which a Responsible Officer of the
Trustee actually knows to be so owned shall be so disregarded; provided, however, that Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the
Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor; and 
 (y) the principal amount of a Discount Security that shall be deemed to be Outstanding for such purposes shall be the amount of the
principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 802; 
 provided, further, that, in the case of any Security the principal of which is payable from time to time without presentment or surrender, the principal amount of such Security that shall be deemed to be
Outstanding at any time for all purposes of this Indenture shall be the original principal amount thereof less the aggregate amount of principal thereof theretofore paid. 
  

 6 

 “Paying Agent” means any Person, including the Company, authorized by the Company to pay
the principal of, and premium, if any, or interest, if any, on any Securities on behalf of the Company. 
 “Periodic
Offering” means an offering of Securities of a series from time to time any or all of 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, joint venture, trust, unincorporated organization or any Governmental Authority. 
 “Place of Payment”, when used with respect to the Securities of any series, or any Tranche thereof, means the place or places, specified
as contemplated by Section 301, at which, subject to Section 602, principal of and premium, if any, and interest, if any, on the Securities of such series or Tranche are payable. 
 “Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that
evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed (to the
extent lawful) to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Redemption Date”, when
used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means the date specified for
that purpose as contemplated by Section 301. 
 “Required Currency” has the meaning specified in Section 311.

 “Responsible Officer”, when used with respect to the Trustee, means any Vice President, Assistant Vice President, any
Assistant Treasurer or other officer of the Trustee within the Corporate Trust Division - Corporate Finance Unit of the Trustee (or any successor such division or unit) in each case located at the Corporate Trust Office of the Trustee who has direct
responsibility for the administration of this Indenture, and for the purposes of Sections 901(c)(2) and 902 shall also include any other officer of the Trustee to whom a matter arising under this Indenture has been referred by such Corporate Trust
Office. 
 “Sale and Lease-Back Transaction” means any arrangement with any Person providing for the leasing to the Company
of any Operating Property (except for leases for a term, including any renewal thereof, of not more than forty-eight (48) months), which Operating Property has been or is to be sold or transferred by the Company to such Person; provided,
however, Sale and 

  

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Lease-Back Transaction shall not include any arrangement (i) first entered into prior to the date of this Indenture and (ii) involving the exchange
of any Operating Property for any property subject to an arrangement specified in the preceding clause (i). 
 “Securities”
has the meaning stated in the first recital of this Indenture and more particularly means any securities authenticated and delivered under this Indenture. 
 “Security Register” and “Security Registrar” have the respective meanings specified in Section 305. 
 “Special Record Date” for the payment of any Defaulted Interest on the Securities of any series means a date fixed by the Trustee pursuant to Section 307. 
 “Stated Interest Rate” means a rate (whether fixed or variable) at which an obligation by its terms is stated to bear simple interest.
Any calculation or other determination to be made under this Indenture by reference to the Stated Interest Rate on a Security shall be made without regard to the effective interest cost to the Company of such Security and without regard to the
Stated Interest Rate on, or the effective cost to the Company of, any other indebtedness in respect of which the Company’s obligations are evidenced or secured in whole or in part by such Security. 
 “Stated Maturity”, when used with respect to any obligation or any installment of principal thereof or interest thereon, means the date
on which the principal of such obligation or such installment of principal or interest is stated to be due and payable (without regard to any provisions for redemption, prepayment, acceleration, purchase or extension). 
 “Subordinated Indebtedness” means any unsecured Debt of the Company (i) issued in exchange for the proceeds of Hybrid Preferred
Securities and (ii) subordinated to the rights of the Holders hereunder. 
 “Subsidiary” means a corporation more than
50% of the outstanding voting stock or other voting interest of which is owned, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries. For the purposes of this definition,
“voting stock” means stock that ordinarily has voting power for the election of directors, whether at all times or only so long as no senior class of stock has such voting power by reason of any contingency. 
 “Tranche” means a group of Securities which (a) are of the same series and (b) have identical terms except as to principal
amount and/or date of issuance. 
 “Trust Indenture Act” means, as of any time, the Trust Indenture Act of 1939, or any
successor statute, as in effect at such time. 
 “Trustee” means the Person named as the “Trustee” in the
first paragraph of this Indenture until a successor Trustee shall have become such with respect to one or more series of Securities pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or
include each Person who is then a Trustee hereunder, and if at any time there is more 

  

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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. 
 “United States” means the United States of America, its Territories, its possessions and other areas subject
to its political jurisdiction. 
 “Value” means, with respect to a Sale and Lease-Back Transaction, as of any particular
time, the amount equal to the greater of (i) the net proceeds to the Company from the sale or transfer of the Operating Property leased pursuant to the Sale and Lease-Back Transaction or (ii) the net book value of the Operating Property
leased, as determined by the Company in accordance with generally accepted accounting principles, in either case multiplied by a fraction, the numerator of which shall be equal to the number of full years of the term of the lease that is part of
such Sale and Lease-Back Transaction remaining at the time of determination and the denominator of which shall be equal to the number of full years of the term of such lease, without regard, in any case, to any renewal or extension options contained
in such lease. 
 Section 102. Compliance Certificates and Opinions. Except as otherwise expressly provided in this Indenture, upon
any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall, if requested by the Trustee, furnish to the Trustee an Officer’s Certificate stating that, or stating in the
opinion of the signer thereof that, all conditions precedent, if any, provided for in this Indenture relating to the proposed action (including any covenants compliance with which constitutes a condition precedent) have been complied with and an
Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically
required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (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
statements or opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of each
such Person, such Person has made such examination or investigation as is necessary to enable such Person 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, in the opinion of each such Person, such condition or covenant has been complied with. 
 Section 103. Form of Documents Delivered to Trustee. In any case where several matters are required to be certified by, or covered by an opinion
of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such 

  

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Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one
or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care
should know, that the certificate or opinion or representations with respect to the matters upon which such officer’s certificate or opinion are based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates
to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or
in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one
instrument. 
 Whenever, subsequent to the receipt by the Trustee of any Board Resolution, Officer’s Certificate, Opinion of Counsel or
other document or instrument, a clerical, typographical or other inadvertent or unintentional error or omission shall be discovered therein, a new document or instrument may be substituted therefor in corrected form with the same force and effect as
if originally filed in the corrected form and, irrespective of the date or dates of the actual execution and/or delivery thereof, such substitute document or instrument shall be deemed to have been executed and/or delivered as of the date or dates
required with respect to the document or instrument for which it is substituted. Anything in this Indenture to the contrary notwithstanding, if any such corrective document or instrument indicates that action has been taken by or at the request of
the Company which could not have been taken had the original document or instrument not contained such error or omission, the action so taken shall not be invalidated or otherwise rendered ineffective but shall be and remain in full force and
effect, except to the extent that such action was a result of willful misconduct or bad faith. Without limiting the generality of the foregoing, any Securities issued under the authority of such defective document or instrument shall nevertheless be
the valid obligations of the Company entitled to the benefits of this Indenture equally and ratably with all other Outstanding Securities, except as aforesaid. 
 Section 104. Acts of Holders. (a) Any request, demand, authorization, direction, notice, consent, election, waiver or other action provided by this Indenture to be made, given or taken by Holders may be
embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing or, alternatively, may be embodied in and evidenced by the record of Holders voting in
favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders duly called and held in accordance with the provisions of Article Thirteen, or a combination of such instruments and any such record. Except as herein
otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are delivered to the Trustee and, where it 

  

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is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are
herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments and so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the
holding by any Person of a Security, shall be sufficient for any purpose of this Indenture and (subject to Section 901) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of
Holders shall be proved in the manner provided in Section 1306. 
 (b) The fact and date of the execution by any Person of any
such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such
instrument or writing acknowledged to him the execution thereof or may be proved in any other manner which the Trustee and the Company deem sufficient. Where such execution is by a signer acting in a capacity other than his individual capacity, such
certificate or affidavit shall also constitute sufficient proof of his authority. 
 (c) The principal amount (except as
otherwise contemplated in clause (y) of the first proviso to the definition of Outstanding) and serial numbers of Securities held by any Person, and the date of holding the same, shall be proved by the Security Register. 
 (d) Any request, demand, authorization, direction, notice, consent, election, waiver or other Act of a Holder shall bind every future
Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in
reliance thereon, whether or not notation of such action is made upon such Security. 
 (e) Until such time as written
instruments shall have been delivered to the Trustee with respect to the requisite percentage of principal amount of Securities for the action contemplated by such instruments, any such instrument executed and delivered by or on behalf of a Holder
may be revoked with respect to any or all of such Securities by written notice by such Holder or any subsequent Holder, proven in the manner in which such instrument was proven. 
 (f) Securities of any series, or any Tranche thereof, authenticated and delivered after any Act of Holders may, and shall if required by
the Trustee, bear a notation in form approved by the Trustee as to any action taken by such Act of Holders. If the Company shall so determine, new Securities of any series, or any Tranche thereof, so modified as to conform, in the opinion of the
Trustee and the Company, to such action may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series or Tranche. 
 (g) If the Company shall solicit from Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the
Company may, at its option, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If
such a record date is fixed, such request, demand, authorization, direction, 

  

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notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on the record
date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of the Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent,
waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of the record date. 
 Section 105. Notices,
etc. to Trustee and Company. Any request, demand, authorization, direction, notice, consent, election, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, the
Trustee by any Holder or by the Company, or the Company by the Trustee or by any Holder, shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and delivered personally to an officer or other
responsible employee of the addressee at the applicable location set forth below or at such other location as such party may from time to time designate by written notice, or transmitted by facsimile transmission or other direct written electronic
means to such telephone number or other electronic communications address as the parties hereto shall from time to time designate by written notice, or transmitted by certified or registered mail, charges prepaid, to the applicable address set forth
below or to such other address as either party hereto may from time to time designate by written notice: 
 If to the Trustee, to:

 The Bank of New York Trust Company, N.A. 
 250 W. Huron Road, 4th Floor 
 Cleveland, Ohio 44113 
 Attention: Corporate Trust Administration 
 Telecopy: (216) 802-4001 
 If to the Company, to: 
 The Toledo Edison Company 
 76 South Main Street 
 Akron, Ohio 44308-1890 
 Attention: Treasurer

 Telephone: (330) 384-5889 
 Telecopy: (330) 384-3772 
 Any communication contemplated herein shall be deemed to have been made, given, furnished and filed if personally
delivered, on the date of delivery, if transmitted by facsimile transmission or other direct written electronic means, on the date of receipt, and if transmitted by certified or registered mail, on the date of receipt. 
 Section 106. Notice to Holders of Securities: Waiver. Except as otherwise expressly provided herein, where this Indenture provides for notice to
Holders of any event, such notice shall be sufficiently given, and shall be deemed given, to Holders if in writing and mailed, first class postage prepaid, to each Holder affected by such event, at the address of such Holder as it 

  

 12 

 
appears in the Security Register, not later than the latest date, if any, and not earlier than the earliest date, if any, prescribed for the giving of such
notice. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such
notice to Holders by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. In any case where notice to Holders is given by mail, neither the failure to
mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. 
 Any notice required by this Indenture may be waived in writing by the Person entitled to receive such notice, either before or after the event otherwise to be specified therein, and such waiver shall be the equivalent
of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 Section 107. Conflict with Trust Indenture Act. If any provision of this Indenture limits, qualifies or conflicts with another provision hereof
which is required or deemed to be included in this Indenture by, or is otherwise governed by, any of the provisions of the Trust Indenture Act, such other provision shall control; and if any provision hereof otherwise conflicts with the Trust
Indenture Act, the Trust Indenture Act shall control unless otherwise provided as contemplated by Section 301 with respect to any series of Securities. 
 Section 108. Effect of Headings and Table of Contents. The Article and Section headings in this Indenture and the Table of Contents are for convenience only and shall not affect the construction hereof.

 Section 109. Successors and Assigns. All covenants and agreements in this Indenture by the Company and Trustee shall bind their
respective successors and assigns, whether so expressed or not. 
 Section 110. Severability Clause. In case any provision in this
Indenture or 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 111. Benefits of Indenture. Nothing in this Indenture or the Securities, express or implied, shall give to any Person, other than the
parties hereto, their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 112. Governing Law. This Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York (including without limitation Section 5-1401 of the New York General
Obligations Law or any successor to such statute) except to the extent that the Trust Indenture Act shall be applicable. 
 Section 113.
Legal Holidays. In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the
Securities other than a provision in Securities of any series, or any Tranche thereof, or in the Board Resolution or 
  

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Officer’s Certificate which establishes the terms of the Securities of such series or Tranche, which specifically states that such provision shall apply
in lieu of this Section) payment of interest or principal and premium, if any, need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment, with the same force and effect, and
in the same amount, as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, as the case may be, and, if such payment is made or duly provided for on such Business Day, no interest (or Interest, as applicable) shall
accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be, to such Business Day. 
 Section 114. Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST 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 NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 
 Section 115. 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 and nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services
affecting the banking industry generally; 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.

 ARTICLE TWO 
 SECURITY FORMS

 Section 201. Forms Generally. The definitive Securities of each series shall be in substantially the form or forms thereof
established in the indenture supplemental hereto establishing such series or in a Board Resolution establishing such series, or in an Officer’s Certificate pursuant to such supplemental indenture or Board Resolution, in each case with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be
required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution of such Securities. If the form or forms of Securities of any
series are established in a Board Resolution or in an Officer’s Certificate pursuant to a Board Resolution, such Board Resolution and Officer’s Certificate, if any, shall be delivered to the Trustee at or prior to the delivery of the
Company Order contemplated by Section 303 for the authentication and delivery of such Securities. 
 Unless otherwise specified as
contemplated by Section 301 or clause (g) of Section 1201, the Securities of each series shall be issuable in registered form without coupons. The definitive Securities shall be produced in such manner as shall be determined by the
officers executing such Securities, as evidenced by their execution thereof. 
 Section 202. Form of Trustee’s Certificate of
Authentication. The Trustee’s certificate of authentication shall be in substantially the form set forth below: 
 This is one of
the Securities of the series designated therein referred to in the within mentioned Indenture. 
  

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 Dated: 
  

			
	  
	 as Trustee

		
	 By:
	 	  
		 	 Authorized Signatory

 ARTICLE THREE 
 THE SECURITIES 
 Section 301. Amount Unlimited: Issuable in Series. The aggregate principal
amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or
more series. Subject to the last paragraph of this Section, prior to the authentication and delivery of Securities of any series there shall be established by specification in a supplemental indenture or in a Board Resolution, or in an
Officer’s Certificate pursuant to a supplemental indenture or a Board Resolution: 
 (a) the title of the Securities of
such series (which shall distinguish the Securities of such series from Securities of all other series); 
 (b) any limit upon
the aggregate principal amount of the Securities of such series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of,
other Securities of such series pursuant to Section 304, 305, 306, 406 or 1206 and except for any Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 
 (c) the Person or Persons (without specific identification) to whom interest on Securities of such series, or any Tranche thereof, shall
be payable on any Interest Payment Date, if other than the Persons in whose names such Securities (or one or more Predecessor Securities) are registered at the close of business on the Regular Record Date for such interest; 
 (d) the date or dates on which the principal of the Securities of such series, or any Tranche thereof, is payable or any formulary or
other method or other means by which such date or dates shall be determined, by reference to an index or other fact or event ascertainable outside of this Indenture or otherwise (without regard to any provisions for redemption, prepayment,
acceleration, purchase or extension); 
 (e) the rate or rates at which the Securities of such series, or any Tranche thereof,
shall bear interest, if any (including the rate or rates at which overdue principal shall bear interest, if different from the rate or rates at which such Securities shall bear interest prior to 

  

 15 

 
Maturity, and, if applicable, the rate or rates at which overdue premium or interest shall bear interest, if any), or any formulary or other method or other
means by which such rate or rates shall be determined, by reference to an index or other fact or event ascertainable outside of this Indenture or otherwise; the date or dates from which such interest shall accrue; the Interest Payment Dates on which
such interest shall be payable and the Regular Record Date, if any, for the interest payable on such Securities on any Interest Payment Date; the right of the Company, if any, to extend the interest payment periods and the duration of any such
extension as contemplated by Section 312; and the basis of computation of interest, if other than as provided in Section 310; 
 (f) the place or places at which or methods by which (1) the principal of and premium, if any, and interest, if any, on Securities of such series, or any Tranche thereof, shall be payable, (2) registration
of transfer of Securities of such series, or any Tranche thereof, may be effected, (3) exchanges of Securities of such series, or any Tranche thereof, may be effected and (4) notices and demands to or upon the Company in respect of the
Securities of such series, or any Tranche thereof, and this Indenture may be served; the Security Registrar and any Paying Agent or Paying Agents for such series or Tranche; and if such is the case, that the principal of such Securities shall be
payable without presentment or surrender thereof; 
 (g) the period or periods within which, or the date or dates on which,
the price or prices at which and the terms and conditions upon which the Securities of such series, or any Tranche thereof, may be redeemed, in whole or in part, at the option of the Company and any restrictions on such redemptions, including but
not limited to a restriction on a partial redemption by the Company of the Securities of any series, or any Tranche thereof, resulting in delisting of such Securities from any national exchange; 
 (h) the obligation or obligations, if any, of the Company to redeem or purchase the Securities of such series, or any Tranche thereof,
pursuant to any sinking fund or other mandatory redemption provisions or at the option of a Holder thereof and the period or periods within which or the date or dates on which, the price or prices at which and the terms and conditions upon which
such Securities shall be redeemed or purchased, in whole or in part, pursuant to such obligation, and applicable exceptions to the requirements of Section 404 in the case of mandatory redemption or redemption at the option of the Holder;

 (i) the denominations in which Securities of such series, or any Tranche thereof, shall be issuable if other than
denominations of $1,000 and any integral multiple thereof; 
 (j) the currency or currencies, including composite currencies,
in which payment of the principal of and premium, if any, and interest, if any, on the Securities of such series, or any Tranche thereof, shall be payable (if other than in Dollars); 
 (k) if the principal of or premium, if any, or interest, if any, on the Securities of such series, or any Tranche thereof, are to be
payable, at the election of the Company or a Holder thereof, in a coin or currency other than that in which the Securities are stated to be payable, the period or periods within which and the terms and conditions upon which, such election may be
made; 
  

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 (l) if the principal of or premium, if any, or interest, if any, on the Securities of
such series, or any Tranche thereof, are to be payable, or are to be payable at the election of the Company or a Holder thereof, in securities or other property, the type and amount of such securities or other property, or the formulary or other
method or other means by which such amount shall be determined, and the period or periods within which, and the terms and conditions upon which, any such election may be made; 
 (m) if the amount payable in respect of principal of or premium, if any, or interest, if any, on the Securities of such series, or any
Tranche thereof, may be determined with reference to an index or other fact or event ascertainable outside of this Indenture, the manner in which such amounts shall be determined to the extent not established pursuant to clause (e) of this
paragraph; 
 (n) if other than the principal amount thereof, the portion of the principal amount of Securities of such
series, or any Tranche thereof, which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 802; 
 (o) any Events of Default, in addition to those specified in Section 801, with respect to the Securities of such series, and any covenants of the Company for the benefit of the Holders of the Securities of such
series, or any Tranche thereof, in addition to those set forth in Article Six; 
 (p) the terms, if any, pursuant to which the
Securities of such series, or any Tranche thereof, may be converted into or exchanged for shares of capital stock or other securities of the Company or any other Person; 
 (q) the obligations or instruments, if any, which shall be considered to be Eligible Obligations in respect of the Securities of such
series, or any Tranche thereof, denominated in a currency other than Dollars or in a composite currency, and any additional or alternative provisions for the reinstatement of the Company’s indebtedness in respect of such Securities after the
satisfaction and discharge thereof as provided in Section 701; 
 (r) if the Securities of such series, or any Tranche
thereof, are to be issued in global form, (i) any limitations on the rights of the Holder or Holders of such Securities to transfer or exchange the same or to obtain the registration of transfer thereof, (ii) any limitations on the rights
of the Holder or Holders thereof to obtain certificates therefor in definitive form in lieu of temporary form and (iii) any and all other matters incidental to such Securities; 
 (s) if the Securities of such series, or any Tranche thereof, are to be issuable as bearer securities, any and all matters incidental
thereto which are not specifically addressed in a supplemental indenture as contemplated by clause (g) of Section 1201; 
 (t) to the extent not established pursuant to clause (r) of this paragraph, any limitations on the rights of the Holders of the Securities of such Series, or any Tranche thereof, to transfer or exchange such Securities or to obtain the
registration of transfer thereof; and if a service charge will be made for the registration of transfer or exchange of Securities of such series, or any Tranche thereof, the amount or terms thereof; 
  

 17 

 (u) any exceptions to Section 113, or variation in the definition of Business Day,
with respect to the Securities of such series, or any Tranche thereof; 
 (v) any collateral security, assurance or guarantee
for the Securities of such series; 
 (w) any non-applicability of Section 608 to the Securities of such series or any
exceptions or modifications of Section 608 with respect to the Securities of such series; 
 (x) any rights or duties of
another Person to assume the obligations of the Company with respect to the Securities of such series (whether as joint obligor, primary obligor, secondary obligor or substitute obligor) and any rights or duties to discharge and release any obligor
with respect to the Securities of such series or the Indenture to the extent related to such series; and 
 (y) any other
terms of the Securities of such series, or any Tranche thereof, not inconsistent with the provisions of this Indenture, including, without limitation, any terms required for or appropriate to (i) establishing one or more series of medium-term
notes to be issued in a Periodic Offering or (ii) providing for the remarketing of the Securities of such series. 
 With respect to
Securities of a series subject to a Periodic Offering, the indenture supplemental hereto or the Board Resolution which establishes such series, or the Officer’s Certificate pursuant to such supplemental indenture or Board Resolution, as the
case may be, may provide general terns or parameters for Securities of such series and provide either that the specific terms of Securities of such series, or any Tranche thereof, shall be specified in a Company Order or that such terms shall be
determined by the Company or its agents in accordance with procedures specified in a Company Order as contemplated by the clause (b) of Section 303. 
 Unless otherwise provided with respect to a series of Securities as contemplated in Section 301(b), 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 302.
Denominations. Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, or any Tranche thereof, the Securities of each series shall be issuable in denominations of $1,000 and any integral
multiple thereof. 
 Section 303. Execution, Authentication, Delivery and Dating. Unless otherwise provided as contemplated by
Section 301 with respect to any series of Securities, or any Tranche thereof, the Securities shall be executed on behalf of the Company by an Authorized Officer and may have the corporate seal of the Company affixed thereto or reproduced
thereon attested by any other Authorized Officer or by the Secretary or an Assistant Secretary of the Company. The signature of any or all of these officers on the Securities may be manual or facsimile. 
 Securities bearing the manual or facsimile signatures of individuals who were at the time of execution Authorized Officers or the Secretary or an
Assistant Secretary of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold 

  

 18 

 
such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 The Trustee shall authenticate and deliver Securities of a series, for original issue, at one time or from time to time in accordance with the Company
Order referred to below, upon receipt by the Trustee of 
 (a) the instrument or instruments establishing the form or forms
and terms of such series, as provided in Sections 201 and 301; 
 (b) a Company Order requesting the authentication and
delivery of such Securities and, to the extent that the terms of such Securities shall not have been established in an indenture supplemental hereto or in a Board Resolution, or in an Officer’s Certificate pursuant to a supplemental indenture
or Board Resolution, all as contemplated by Sections 201 and 301, either (i) establishing such terms or (ii) in the case of Securities of a series subject to a Periodic Offering, specifying procedures, acceptable to the Trustee, by which
such terms are to be established (which procedures may provide, to the extent acceptable to the Trustee, for authentication and delivery pursuant to oral or electronic instructions from the Company or any agent or agents thereof, which oral
instructions are to be promptly confirmed electronically or in writing), in either case in accordance with the instrument or instruments delivered pursuant to clause (a) above; 
 (c) the Securities of such series, executed on behalf of the Company by an Authorized Officer; 
 (d) an Opinion of Counsel to the effect that: 
 (i) the form or forms of such Securities have been duly authorized by the Company and have been established in conformity with the
provisions of this Indenture; 
 (ii) the terms of such Securities have been duly authorized by the Company and have been
established in conformity with the provisions of this Indenture; and 
 (iii) such Securities, when authenticated and
delivered by the Trustee and issued and delivered by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will have been duly issued under this Indenture and will constitute valid and binding obligations of
the Company enforceable against the Company in accordance with their terms and entitled to the benefits provided by this Indenture, except as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other
similar laws relating to or affecting creditors’ rights generally, by general equitable principles (regardless of whether considered in a proceeding in equity or at law) and by an implied covenant of good faith, fair dealing and reasonableness;

 provided, however, that, with respect to Securities of a series subject to a Periodic Offering, the Trustee shall be provided with such
Opinion of Counsel only once at or prior to the time of 

  

 19 

 
the first authentication of such Securities (provided that such Opinion of Counsel addresses the authentication and delivery of all Securities of such
series) and that in lieu of the opinions described in clauses (ii) and (iii) above Counsel may opine that: 
 (x)
when the terms of such Securities shall have been established pursuant to a Company Order or Orders or pursuant to such procedures (acceptable to the Trustee) as may be specified from time to time by a Company Order or Orders, all as contemplated by
and in accordance with the instrument or instruments delivered pursuant to clause (a) above, such terms will have been duly authorized by the Company and will have been established in conformity with the provisions of this Indenture; and

 (y) such Securities, when authenticated and delivered by the Trustee in accordance with this Indenture and the Company
Order or Orders or specified procedures referred to in paragraph (x) above and issued and delivered by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will have been duly issued under this Indenture
and will constitute valid and binding obligations of the Company enforceable against the Company in accordance with their terms and entitled to the benefits provided by this Indenture, except as may be limited by bankruptcy, insolvency,
reorganization, moratorium, fraudulent conveyance and other similar laws relating to or affecting creditors’ rights generally, by general equitable principles (regardless of whether considered in a proceeding in equity or at law) and by an
implied covenant of good faith, fair dealing and reasonableness. 
 With respect to Securities of a series subject to a Periodic Offering,
the Trustee may conclusively rely, as to the authorization by the Company of any of such Securities, the form, terms thereof and the legality, validity, binding effect and enforceability thereof, and compliance of the authentication and delivery
thereof with the terms and conditions of this Indenture, upon the Opinion of Counsel and other documents delivered pursuant to Sections 201 and 301 and this Section, as applicable, at or prior to the time of the first authentication of Securities of
such series unless and until such opinion or other documents have been superseded or revoked or expire by their terms. In connection with the authentication and delivery of Securities of a series subject to a Periodic Offering, the Trustee shall be
entitled to assume that the Company’s instructions to authenticate and deliver such Securities do not violate any applicable law or any applicable rule, regulation or order of any Governmental Authority having jurisdiction over the Company.

 If the form or terms of the Securities of any series have been established by or pursuant to a Board Resolution or an Officer’s
Certificate as permitted by Sections 201 or 301, the Trustee shall not be required to authenticate such Securities if the issuance of such Securities pursuant to this Indenture will materially or adversely affect the Trustee’s own rights,
duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Unless otherwise specified as contemplated by Section 301 with respect to any series of Securities, or any Tranche thereof, each Security shall be dated the date of its authentication. 
  

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 Unless otherwise specified as contemplated by Section 301 with respect to any series of Securities,
no Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee
or an Authenticating Agent by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of
this Indenture. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder to the Company, or any Person acting on its behalf, but shall never have been issued and sold by the Company, and the Company shall
deliver such Security to the Trustee for cancellation as provided in Section 309 together with a written statement (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) stating that such Security has
never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits hereof. 
 Section 304. Temporary Securities. Pending the preparation of definitive Securities of any series, or any Tranche thereof, the Company may
execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the
definitive Securities in lieu of which they are issued, with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities;
provided, however, that temporary Securities need not recite specific redemption, sinking fund, conversion or exchange provisions. 
 Unless
otherwise specified as contemplated by Section 301 with respect to the Securities of any series, or any Tranche thereof, after the preparation of definitive Securities of such series or Tranche, the temporary Securities of such series or
Tranche shall be exchangeable, without charge to the Holder thereof, for definitive Securities of such series or Tranche upon surrender of such temporary Securities at the office or agency of the Company maintained pursuant to Section 602 in a
Place of Payment for such Securities. Upon such surrender of temporary Securities for such exchange, the Company shall, except as aforesaid, execute and the Trustee shall authenticate and deliver in exchange therefor definitive Securities of the
same series and Tranche of authorized denominations and of like tenor and aggregate principal amount. 
 Until exchanged in full as
hereinabove provided, temporary Securities shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series and Tranche and of like tenor authenticated and delivered hereunder. 
 Section 305. Registration, Registration of Transfer and Exchange. The Company shall cause to be kept in each office designated pursuant to
Section 602, with respect to the Securities of each series, a register (all registers kept in accordance with this Section being collectively referred to as the “Security Register”) in which, subject to such reasonable
regulations as it may prescribe, the Company shall provide for the registration of Securities of such series, or any Tranche thereof, and the registration of transfer thereof. The Company shall designate one Person to maintain the Security Register
for the Securities of each series on a consolidated basis, and such Person is referred to herein, with respect to such series, as the “Security Registrar.” 

  

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Anything herein to the contrary notwithstanding, the Company may designate one or more of its offices as an office in which a register with respect to the
Securities of one or more series shall be maintained, and the Company may designate itself the Security Registrar with respect to one or more of such series. The Security Register shall be open for inspection by the Trustee and the Company at all
reasonable times. 
 Except as otherwise specified as contemplated by Section 301 with respect to the Securities of any series, or any
Tranche thereof, upon surrender for registration of transfer of any Security of such series or Tranche at the office or agency of the Company maintained pursuant to Section 602 in a Place of Payment for such series or Tranche, the Company shall
execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series and Tranche, of authorized denominations and of like tenor and aggregate principal
amount. 
 Except as otherwise specified as contemplated by Section 301 with respect to the Securities of any series, or any Tranche
thereof, any Security of such series or Tranche may be exchanged at the option of the Holder, for one or more new Securities of the same series and Tranche, of authorized denominations and of like tenor and aggregate principal amount, upon surrender
of the Securities to be exchanged at any such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange
is entitled to receive. 
 All Securities delivered upon any registration of transfer or exchange of Securities shall be valid obligations of
the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company, the Trustee or the Security
Registrar) be duly endorsed or shall be accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Security Registrar, as the case may be, duly executed by the Holder thereof or his attorney duly
authorized in writing. 
 Unless otherwise specified as contemplated by Section 301 with respect to Securities of any series, or any
Tranche thereof, no service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with
any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 406 or 1206 not involving any transfer. 
 The Company shall not be required to execute or to provide for the registration of transfer of or the exchange of (a) Securities of any series, or any Tranche thereof, during a period of 15 days immediately preceding the date notice is
to be given identifying the serial numbers of the Securities of such series or Tranche called for redemption or (b) any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in
part. 
  

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 Section 306. Mutilated, Destroyed, Lost and Stolen Securities. If any mutilated Security is
surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and Tranche, 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 (a) evidence to their satisfaction of the
ownership of and the destruction, loss or theft of any Security and (b) such security or indemnity as may be reasonably required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the
Company or the Trustee that such Security is held by a Person purporting to be the owner of such Security, 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 Tranche, and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security.

 Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto and any other reasonable expenses (including the fees and expenses of the Trustee) connected therewith. 
 Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the
destroyed, lost or stolen Security shall be at any time enforceable by anyone other than the Holder of such new Security, 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 such series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 307. Payment of Interest, Interest Rights Preserved. Unless otherwise specified as contemplated by Section 301 with respect to the Securities of any series, or any Tranche thereof, interest on any Security which is
payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for
such interest. 
  

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 Subject to Section 312, any interest on any Security of any series which is payable, but is not
punctually paid or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the related Regular Record Date by virtue of having been such Holder, and
such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (a) or (b) below: 
 (a) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a date (herein called a
“Special Record Date”) for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each
Security of such series and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make
arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided.
Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by
the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company, of such Special Record Date and, in the name and at the expense of the Company, shall promptly cause notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Securities of such series at the address of such Holder as it appears in the Security Register, not less than 10 days prior to such Special
Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective
Predecessor Securities) are registered at the close of business on such Special Record Date. 
 (b) The Company may make
payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such
exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section and Section 305, each Security delivered under this Indenture upon registration of transfer of
or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 
 Section 308. Persons Deemed Owners. Prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name
such Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Sections 305 and 307) interest, if any, on such Security and for all other purposes
whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 Section 309. Cancellation by Security Registrar. All Securities surrendered for payment, redemption, registration of transfer or exchange shall,
if surrendered to any Person other than the Security Registrar, be delivered to the Security Registrar and, if not theretofore canceled, shall be promptly canceled by the Security Registrar. The Company may at any time 

  

 24 

 
deliver to the Security Registrar for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever or which the Company shall not have issued and sold, and all Securities so delivered shall be promptly canceled by the Security Registrar. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled
as provided in this Section, except as expressly permitted by this Indenture. All canceled Securities held by the Security Registrar shall be disposed of in accordance with the customary practices of the Security Registrar at the time in effect, and
the Security Registrar shall not be required to destroy any such certificates. The Security Registrar shall promptly upon request deliver a certificate of disposition to the Trustee and the Company unless, by a Company Order, similarly delivered,
the Company shall direct that canceled Securities be returned to it. The Security Registrar shall promptly deliver evidence of any cancellation of a Security in accordance with this Section 309 to the Trustee and the Company. 
 Section 310. Computation of Interest. Except as otherwise specified as contemplated by Section 301 for Securities of any series, or any
Tranche thereof, interest on the Securities of each series shall be computed on the basis of a 360-day year consisting of twelve 30-day months and for any period shorter than a full month, on the basis of the actual number of days elapsed in such
period. 
 Section 311. Payment to Be in Proper Currency. In the case of the Securities of any series, or any Tranche thereof,
denominated in any currency other than Dollars or in a composite currency (the “Required Currency”), except as otherwise specified with respect to such Securities as contemplated by Section 301, the obligation of the Company to
make any payment of the principal thereof, or the premium or interest thereon, shall not be discharged or satisfied by any tender by the Company, or recovery by the Trustee, in any currency other than the Required Currency, except to the extent that
such tender or recovery shall result in the Trustee timely holding the full amount of the Required Currency then due and payable. If any such tender or recovery is in a currency other than the Required Currency, the Trustee may take such actions as
it considers appropriate to exchange such currency for the Required Currency. The costs and risks of any such exchange, including without limitation the risks of delay and exchange rate fluctuation, shall be borne by the Company, the Company shall
remain fully liable for any shortfall or delinquency in the full amount of Required Currency then due and payable, and in no circumstances shall the Trustee be liable therefor except in the case of its negligence or willful misconduct. 

Section 312. Extension of Interest Payment. The Company shall have the right at any time, so long as the Company is not in default in the
payment of interest on the Securities of any series hereunder, to extend interest payment periods on all Securities of one or more series, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may
be specified as contemplated by Section 301 with respect to such Securities. 
  

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 ARTICLE FOUR 
 REDEMPTION OF SECURITIES 
 Section 401. Applicability of Article. Securities of any series, or
any Tranche thereof, which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for Securities of such series or Tranche) in accordance
with this Article. 
 Section 402. Election to Redeem: Notice to Trustee. The election of the Company to redeem any Securities shall
be evidenced by a Board Resolution or an Officer’s Certificate. The Company shall, at least 45 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee in writing
of such Redemption Date and of the 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, the Company shall furnish the Trustee with an Officer’s Certificate evidencing compliance
with such restriction or condition. 
 Section 403. Selection of Securities to Be Redeemed. If less than all the Securities of any
series, or any Tranche thereof, are to be redeemed, the particular Securities to be redeemed shall be selected by the Trustee from the Outstanding Securities of such series or Tranche not previously called for redemption, by such method as shall be
provided for any particular series, or, in the absence of any such provision, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum authorized
denomination for Securities of such series or Tranche or any integral multiple thereof) of the principal amount of Securities of such series or Tranche of a denomination larger than the minimum authorized denomination for Securities of such series
or Tranche; provided, however, that if, as indicated in an Officer’s Certificate, the Company shall have offered to purchase all or any principal amount of the Securities then Outstanding of any series, or any Tranche thereof, and less than all
of such Securities as to which such offer was made shall have been tendered to the Company for such purchase, the Trustee, if so directed by Company Order, shall select for redemption all or any principal amount of such Securities which have not
been so tendered. 
 The Trustee shall promptly notify the Company and the Security Registrar in writing of the Securities selected for
redemption and, in the case of any Securities selected to be redeemed in part, 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 Securities redeemed or to be redeemed only in part, to the portion of the principal amount of
such Securities which has been or is to be redeemed. 
  

 26 

 Section 404. Notice of Redemption. Except as otherwise specified as contemplated by
Section 301 for Securities of any series, notice of redemption shall be given in the manner provided in Section 106 to the Holders of the Securities to be redeemed not less than 30 nor more than 60 days prior to the Redemption Date.

 Except as otherwise specified as contemplated by Section 301 for Securities of any series, all notices of redemption shall state:

 (a) the Redemption Date, 
 (b) the Redemption Price (if known), 
 (c) if less than all the Securities of any series or
Tranche are to be redeemed, the identification of the particular Securities to be redeemed and the portion of the principal amount of any Security to be redeemed in part, 
 (d) that on the Redemption Date the Redemption Price, together with accrued interest, if any, to the Redemption Date, will become due and
payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date, 
 (e) the place or places where such Securities are to be surrendered for payment of the Redemption Price and accrued interest, if any, unless it shall have been specified as contemplated by Section 301 with
respect to such Securities that such surrender shall not be required, 
 (f) whether the redemption is at the election of the
Company, or is for a sinking or other fund, if such is the case, 
 (g) the CUSIP, ISIN, or other similar number or numbers,
if any, assigned to such Securities; provided, however, that such notice may state that no representation is made as to the correctness of any or all of such numbers, in which case none of the Company, the Trustee or any agent of the Company or the
Trustee shall have any liability in respect of the use of any such number on such notices, and the redemption of such Securities shall not be affected by any defect in or omission of such numbers, and 
 (h) such other matters as the Company shall deem desirable or appropriate. 
 Unless otherwise specified with respect to any Securities in accordance with Section 301, with respect to any notice of redemption of Securities at
the election of the Company, unless, upon giving of such notice, such Securities shall be deemed to have been paid in accordance with Section 701, such notice may, if so provided in the Officer’s Certificate or Board Resolution delivered
to the Trustee pursuant to Section 402, state that such redemption shall be conditional upon the receipt by the Paying Agent or Agents for such Securities, on or prior to the date fixed for such redemption, of money sufficient to pay the
Redemption Price on such Securities and that if such money shall not have been so received such notice shall be of no force or effect and the Company shall not be required to redeem such Securities. In the event that such notice of redemption
contains such a condition and such money is not so received, the redemption shall not be made and within a reasonable time thereafter notice shall be given, in the manner in which 

  

 27 

 
the notice of redemption was given, that such money was not so received and such redemption was not required to be made. A failure by the Company to provide
such moneys or make provision for the payment thereof shall not constitute an Event of Default under this Indenture. The Paying Agent or Agents for the Securities otherwise to have been redeemed shall thereupon promptly return to the Holders thereof
any of such Securities which had been surrendered for payment upon such redemption. 
 Notice of redemption of Securities to be redeemed at
the election of the Company, and any notice of non-satisfaction of a condition for redemption as aforesaid, shall be given by the Company or, at the Company’s request, by the Security Registrar in the name and at the expense of the Company.
Notice of mandatory redemption of Securities shall be given by the Security Registrar in the name and at the expense of the Company. 
 Section 405. Securities Payable on Redemption Date. Notice of redemption having been given as aforesaid, and the conditions, if any, set forth in such notice having been satisfied, the Securities or portions thereof so to be redeemed
shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless, in the case of an unconditional notice of redemption, the Company shall default in the payment of the Redemption
Price and accrued interest, if any) such Securities or portions thereof, if interest-bearing, shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with such notice, such Security or portion thereof shall be
paid by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, that no such surrender shall be a condition to such payment if so specified as contemplated by
Section 301 with respect to such Security; and provided, further, that except as otherwise specified as contemplated by Section 301 with respect to such Security, any installment of interest on any Security the Stated
Maturity of which installment is on or prior to the Redemption Date shall be payable to the Holder of such Security, or one or more Predecessor Securities, registered as such at the close of business on the related Regular Record Date according to
the terms of such Security and subject to the provisions of Section 307. 
 Section 406. Securities Redeemed in Part. Upon the
surrender of any Security which is to be redeemed only in part at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the
Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security, without service charge, a new Security or Securities
of the same series and Tranche, of any authorized denomination requested by such Holder and of like tenor and in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered.

 ARTICLE FIVE 
 SINKING FUNDS

 Section 501. Applicability of Article. The provisions of this Article shall be applicable to any sinking fund for the
retirement of the Securities of any series, or any Tranche thereof, except as otherwise specified as contemplated by Section 301 for Securities of such series or Tranche. 
  

 28 

 The minimum amount of any sinking fund payment provided for by the terms of Securities of any series, or
any Tranche thereof, is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Securities of any series, or any Tranche thereof, is herein referred to as an
“optional sinking fund payment”. If provided for by the terms of Securities of any series, or any Tranche thereof, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 502. Each sinking fund
payment shall be applied to the redemption of Securities of the series or Tranche in respect of which it was made as provided for by the terms of such Securities. 
 Section 502. Satisfaction of Sinking Fund Payments with Securities. The Company (a) may deliver to the Trustee Outstanding Securities (other than any previously called for redemption) of a series or
Tranche in respect of which a mandatory sinking fund payment is to be made and (b) may apply as a credit Securities of such series or Tranche which have been redeemed either at the election of the Company pursuant to the terms of such
Securities, at the election of the Holder thereof if applicable, or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of such mandatory
sinking fund payment with respect to the Securities of such series; provided, however, that no Securities shall be applied in satisfaction of a mandatory sinking fund payment if such Securities shall have been previously so applied.
Securities so applied shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment
shall be reduced accordingly. 
 Section 503. Redemption of Securities for Sinking Fund. Not less than 45 days prior to each mandatory
sinking fund payment date for the Securities of any series, or any Tranche thereof, the Company shall deliver to the Trustee an Officer’s Certificate specifying: 
 (a) the amount of the next succeeding mandatory sinking fund payment for such series or Tranche; 
 (b) the amount, if any, of the optional sinking fund payment to be made together with such mandatory sinking fund payment; 
 (c) the aggregate sinking fund payment; 
 (d) the portion, if any, of such aggregate sinking fund payment which is to be satisfied by the payment of cash; and 
 (e) the portion, if any, of such aggregate sinking fund payment which is to be satisfied by delivering and crediting Securities of such series or Tranche pursuant to Section 502 and stating the basis for such
credit and that such Securities have not previously been so credited, and the Company shall also deliver to the Trustee any Securities to be so delivered. 
 If the Company shall have not delivered such Officer’s Certificate and, to the extent applicable, all such Securities, the next succeeding sinking fund payment for such series or 

  

 29 

 
Tranche shall be made entirely in cash in the amount of the mandatory sinking fund payment. Not less than 30 days before each such sinking fund payment date
the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 403 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the
manner provided in Section 404. Such notice having been duly given, the redemption of such Securities shall be made upon the terns and in the manner stated in Sections 405 and 406. 
 ARTICLE SIX 
 COVENANTS 
 Section 601. Payment of Principal, Premium and Interest. The Company shall pay the principal of and premium, if any, and interest, if any, on the
Securities of each series in accordance with the terms of such Securities and this Indenture. 
 Section 602. Maintenance of Office or
Agency. The Company shall maintain in each Place of Payment for the Securities of each series, or any Tranche thereof, an office or agency where payment of such Securities shall be made, where the registration of transfer or exchange of such
Securities may be effected and where notices and demands to or upon the Company in respect of such Securities and this Indenture may be served. The Company shall give prompt written notice to the Trustee of the location, and any change in the
location, of each such office or agency and prompt notice to the Holders of any such change in the manner specified in Section 106. If at any time the Company shall fail to maintain any such required office or agency in respect of Securities of
any series, or any Tranche thereof, or shall fail to furnish the Trustee with the address thereof, payment of such Securities shall be made, registration of transfer or exchange thereof may be effected and notices and demands in respect thereof may
be served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent for all such purposes in any such event. 
 The Company may also from time to time designate one or more other offices or agencies with respect to the Securities of one or more series, or any Tranche thereof, for any or all of the foregoing purposes and may
from time to time rescind such designations; provided, however, that, unless otherwise specified as contemplated by Section 301 with respect to the Securities of such series or Tranche, no such designation or rescission shall in
any manner relieve the Company of its obligation to maintain an office or agency for such purposes in each Place of Payment for such Securities in accordance with the requirements set forth above. The Company shall give prompt written notice to the
Trustee, and prompt notice to the Holders in the manner specified in Section 106, of any such designation or rescission and of any change in the location of any such other office or agency. 
 Anything herein to the contrary notwithstanding, any office or agency required by this Section may be maintained at an office of the Company, in which
event the Company shall perform all functions to be performed at such office or agency. 
  

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 Section 603. Money for Securities Payments to Be Held in Trust. If the Company shall at any time
act as its own Paying Agent with respect to the Securities of any series, or any Tranche thereof, it shall, on or before each due date of the principal of and premium, if any, and interest, if any, on any of such Securities, segregate and hold in
trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and premium or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided. The Company shall promptly
notify the Trustee of any failure by the Company (or any other obligor on such Securities) to make any payment of principal of or premium, if any, or interest, if any, on such Securities. 
 Whenever the Company shall have one or more Paying Agents for the Securities of any series, or any Tranche thereof, it shall, on or before each due date
of the principal of and premium, if any, and interest, if any, on such Securities, deposit with such Paying Agents sums sufficient (without duplication) to pay the principal and premium or interest so becoming due, such sums to be held in trust for
the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee of any failure by it so to act. 
 The Company shall cause each Paying Agent for the Securities of any series, or any Tranche thereof, other than the Company or the Trustee, to execute and
deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall: 
 (a) hold all sums held by it for the payment of the principal of and premium, if any, or interest, if any, on such Securities in trust for
the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (b) give the Trustee notice of any failure by the Company (or any other obligor upon such Securities) to make any payment of principal of or premium, if any, or interest, if any, on such Securities; and 
 (c) at any time during the continuance of any such failure, upon the written request of the Trustee, forthwith pay to the Trustee all sums
so held in trust by such Paying Agent and furnish to the Trustee such information as it possesses regarding the names and addresses of the Persons entitled to such sums. 
 The Company may at any time pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts
as those upon which such sums were held by the Company or such Paying Agent and, if so stated in a Company Order delivered to the Trustee, in accordance with the provisions of Article Seven; and, upon such payment by any Paying Agent to the Trustee,
such Paying Agent shall be released from all further liability with respect to such money. 
 Any money deposited with the Trustee or any
Paying Agent, or then held by the Company, in trust for the payment of the principal of and premium, if any, or interest, if any, on any Security and remaining unclaimed for two years after such principal and premium, if any, or 

  

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interest has become due and payable shall be paid to the Company on Company Request, or, if then held by the Company, shall be discharged from such trust;
and, upon such payment or discharge, the Holder of such Security shall, as an unsecured general creditor and not as a Holder of an Outstanding Security, look only to the Company for payment of the amount so due and payable and remaining unpaid, and
all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being
required to make any such payment to the Company, may at the expense of the Company cause to be mailed, on one occasion only, notice to such Holder that such money remains unclaimed and that, after a date specified therein, which shall not be less
than 30 days from the date of such mailing, any unclaimed balance of such money then remaining will be paid to the Company. 
 Section 604.
Corporate Existence. Subject to the rights of the Company under Article Eleven, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence. 
 Section 605. Maintenance of Properties. The Company shall cause (or, with respect to property owned in common with others, make reasonable effort
to cause) all its properties used or useful in the conduct of its business to be maintained and kept in good condition, repair and working order and shall cause (or, with respect to property owned in common with others, make reasonable effort to
cause) to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as, in the judgment of the Company, may be necessary so that the business carried on in connection therewith may be properly conducted;
provide however, that nothing in this Section shall prevent the Company from discontinuing, or causing the discontinuance of, the operation and maintenance of any of its properties if such discontinuance is, in the judgment of the Company, desirable
in the conduct of its business. 
 Section 606. Annual Officer’s Certificate as to Compliance. Not later than
             1 in each year, commencing              1, 2007 the Company shall deliver to the Trustee an
Officer’s Certificate which need not comply with Section 102, executed by the principal executive officer, the principal financial officer or the principal accounting officer of the Company, as to such officer’s knowledge of the
Company’s compliance with all conditions and covenants under this Indenture, such compliance to be determined without regard to any period of grace or requirement of notice under this Indenture, and making any other statements as may be
required by the provisions of Section 314(a)(4) of the Trust Indenture Act. 
 Section 607. Waiver of Certain Covenants. The
Company may omit in any particular instance to comply with any term, provision or condition set forth in (a) Section 602 or any additional covenant or restriction specified with respect to the Securities of any series, or any Tranche
thereof, as contemplated by Section 301, if before the time for such compliance the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series and Tranches with respect to which compliance with
Section 602 or such additional covenant or restriction is to be omitted, considered as one class, shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition
and (b) Section 604, 605 or Article Eleven if before the time for such compliance the Holders of a majority in principal amount of Securities Outstanding under this Indenture shall, by Act of such Holders, either waive such compliance in
such instance or generally waive 

  

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compliance with such term, provision or condition; but, in the case of (a) or (b), no such waiver shall extend to or affect such term, provision or
condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and
effect. 
 Section 608. Limitation on Liens. (a) So long as any Securities of any series are Outstanding, the Company may not
issue, assume, guarantee or permit to exist any Debt that is secured by any Lien of or upon any of the Company’s Operating Property, whether owned at the date hereof or subsequently acquired, without in any such case effectively securing the
Outstanding Securities (together with, if the Company shall so determine, any of the Company’s other indebtedness ranking equally with such Securities) equally and ratably with such Debt (but only so long as such Debt is so secured);
provided, however, that the foregoing restriction shall not apply to: 
 (1) Liens on any Operating Property existing
at the time of its acquisition (which Liens may also extend to subsequent repairs, alterations and improvements to that Operating Property); 
 (2) Liens on operating property of a corporation existing at the time such corporation is merged into or consolidated with, or at the time the corporation sells, leases or otherwise disposes of its properties (or of a
division thereof) as or substantially as an entirety to, the Company; 
 (3) Liens on Operating Property to secure the costs
of acquisition, construction, development or substantial repair, alteration or improvement of property or to secure any Debt incurred to provide funds for any of such purposes or for reimbursement of funds previously expended for any of such
purposes, provided such Liens are created or assumed contemporaneously with, or within eighteen (18) months after, such acquisition or the completion of such substantial repair or alteration, construction, development or substantial
improvement; 
 (4) Liens in favor of any State of the United States or any department, agency or instrumentality or
political subdivision of any State, or for the benefit of holders of securities issued by any such entity (or providers of credit enhancement with respect to such securities), to secure any Debt (including, without limitation, obligations of the
Company with respect to industrial development, pollution control or similar revenue bonds) incurred for the purpose of financing or refinancing all or any part of the purchase price or the cost of substantially repairing or altering, constructing,
developing or substantially improving property which at the time of such purchase, repair, alteration, construction, development or improvement was owned or operated by the Company; 
 (5) Liens securing Debt outstanding as of the date of issuance of the first series of Securities issued under this Indenture; 

(6) Liens securing Debt maturing less than twelve (12) months from its issuance or incurrence and is not extendible at the option
of the Company; 
  

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 (7) Liens on Operating Property which is the subject of a lease agreement designating
the Company as lessee and all of its right, title and interest in such Operating Property and such lease agreement, whether or not such lease agreement is intended as security; 
 (8) Liens for taxes, assessments, governmental charges and levies to the extent not past due; pledges or deposits to secure performance
or obligations under workmen’s compensation laws or similar legislation, and statutory obligations of the Company; Liens imposed by law, such as materialmen’s, mechanics’, carriers’, workmen’s and repairmen’s Liens,
Liens created by or resulting from legal proceedings being contested in good faith and other similar Liens arising in the ordinary course of business securing obligations which are not overdue or which have been fully bonded and are being contested
in good faith; 
 (9) Liens under Section 907 hereof; or 
 (10) any extension, renewal or replacement (or successive extensions, renewals or replacements), in whole or in part, of any Lien
referred to in clauses (1) through (9), provided, however, that the principal amount of Debt secured thereby and not otherwise authorized by clauses (1) through (9), shall not exceed the principal amount of Debt, plus any premium or fee
payable in connection with any such extension, renewal or replacement, so secured at the time of the extension, renewal or replacement. 
 (b) Notwithstanding the provisions of Section 608(a), the Company may issue, assume or guarantee Debt secured by Liens which would otherwise be subject to the restrictions of Section 608(a) up to an
aggregate principal amount which, together with the principal amount of all other Debt of the Company secured by Liens (other than Liens permitted by Section 608(a)(1) through (10)) and the Value of all Sale and Lease-Back Transactions in
existence at such time (other than any Sale and Lease-Back Transaction in which the Operating Property involved would have been permitted to be subject to a Lien permitted by Section 608(a), other than Sale and Lease-Back Transactions permitted
by Section 609 because the commitment by or on behalf of the purchaser was obtained no later than eighteen (18) months after the later of events described in (i) or (ii) of Section 609, and other than Sale and Lease-Back
Transactions as to which application of amounts have been made in accordance with clause (z) of Section 609), does not exceed the greater of fifteen percent (15%) of Net Tangible Assets and fifteen percent (15%) of
Capitalization. 
 (c) If the Company shall issue, assume or guarantee any Debt secured by any Lien and if Section 608(a)
requires that the Outstanding Securities be secured equally and ratably with such Debt, the Company will promptly execute, at its expense, any instruments necessary to so equally and ratably secure the Outstanding Securities and deliver the same to
the Trustee along with: 
 (i) An Officers’ Certificate stating that the covenant of the Company contained in
Section 608(a) has been complied with; and 
  

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 (ii) An Opinion of Counsel to the effect that the Company has complied with the covenant
contained in Section 608(a), and that any instruments executed by the Company in the performance of such covenant comply with the requirements of such covenant. 
 In the event that the Company shall hereafter secure Outstanding Securities equally and ratably with any other obligation or indebtedness pursuant to the provisions of this Section 608, the Company will, upon the
request of the Trustee, enter into an indenture or agreement supplemental hereto and take such other action, if any, as the Trustee may reasonably request to enable it to enforce effectively the rights of the Holders of Outstanding Securities so
secured, equally and ratably with such other obligation or indebtedness. 
 Section 609. Limitation on Sale and Lease-Back
Transactions. So long as any Securities are Outstanding, the Company shall not enter into or permit to exist, any Sale and Lease-Back Transaction with respect to any Operating Property if, in any case, the commitment by or on behalf of the
purchaser is obtained more than eighteen (18) months after the later of (i) the completion of the acquisition, construction or development of such Operating Property or (ii) the placing in operation of such Operating Property or of
such Operating Property as constructed or developed or substantially repaired, altered or improved, unless (x) the Company would be entitled pursuant to Section 608(a) to issue, assume, guarantee or permit to exist Debt secured by a Lien
on such Operating Property without equally and ratably securing the Securities or (y) the Company would be entitled pursuant to Section 608(b), after giving effect to such Sale and Lease-Back Transaction, to incur $1.00 of additional Debt
secured by Liens (other than Liens permitted by Section 608(a)) or (z) the Company shall apply or cause to be applied, in the case of a sale or transfer for cash, an amount equal to the net proceeds thereof (but not in excess of the net
book value of such Operating Property at the date of such sale or transfer) and, in the case of a sale or transfer otherwise than for cash, an amount equal to the fair value (as determined by the Board of Directors of the Company) of the Operating
Property so leased, to the retirement, within one hundred eighty (180) days after the effective date of such Sale and Lease-Back Transaction, of Securities (in accordance with their terms) or other Debt of the Company ranking senior to, or
equally with, the Securities; provided, however, that the amount to be applied to such retirement of Debt shall be reduced by an amount equal to the principal amount, plus any premium or fee paid in connection with any redemption in accordance with
the terms of Debt voluntarily retired by the Company within such one hundred eighty (180) day period, excluding retirement pursuant to mandatory sinking fund or prepayment provisions and payments at Maturity. 
 ARTICLE SEVEN 
 SATISFACTION AND DISCHARGE

 Section 701. Satisfaction and Discharge of Securities. Any Security or Securities, or any portion of the principal amount
thereof, shall be deemed to have been paid for all purposes of this Indenture, and the entire indebtedness of the Company in respect thereof shall be deemed to have been satisfied and discharged, if there shall have been irrevocably deposited with
the Trustee or any Paying Agent (other than the Company), in trust: 
 (a) money in an amount which shall be sufficient, or

  

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 (b) in the case of a deposit made prior to the Maturity of such Securities or portions
thereof, Eligible Obligations, which shall not contain provisions permitting the redemption or other prepayment thereof at the option of the issuer thereof, the principal of and the interest on which when due, without any regard to reinvestment
thereof, will provide moneys which, together with the money, if any, deposited with or held by the Trustee or such Paying Agent, shall be sufficient, or 
 (c) a combination of (a) or (b) which shall be sufficient, 
 to pay when due the principal of and premium, if any,
and interest, if any, due and to become due on such Securities or portions thereof on or prior to Maturity; provided, however, that in the case of the provision for payment or redemption of less than all the Securities of any series or
Tranche, such Securities or portions thereof shall have been selected by the Trustee as provided herein and, in the case of a redemption, the notice requisite to the validity of such redemption shall have been given or irrevocable authority shall
have been given by the Company to the Trustee to give such notice, under arrangements satisfactory to the Trustee; and provided, further, that the Company shall have delivered to the Trustee and such Paying Agent: 
 (x) if such deposit shall have been made prior to the Maturity of such Securities, a Company Order stating that the money and Eligible
Obligations deposited in accordance with this Section shall be held in trust, as provided in Section 703; and 
 (y) if
Eligible Obligations shall have been deposited, an Opinion of Counsel that the obligations so deposited constitute Eligible Obligations and do not contain provisions permitting the redemption or other prepayment at the option of the issuer thereof,
and an opinion of an independent public accountant of nationally recognized standing, selected by the Company, to the effect that the requirements set forth in clause (b) above have been satisfied; and 
 (z) if such deposit shall have been made prior to the Maturity of such Securities, (i) an Officer’s Certificate stating the
Company’s intention that, upon delivery of such Officer’s Certificate, its indebtedness in respect of such Securities or portions thereof will have been satisfied and discharged as contemplated in this Section, and (ii) an Opinion of
Counsel to the effect that, as a result of a change in law occurring or a ruling of the United States Internal Revenue Service issued after the date of issuance of such Securities, the Holders of such Securities, or portions of the principal amount
thereof, will not recognize income, gain or loss for United States federal income tax purposes as a result of the satisfaction and discharge of the Company’s indebtedness in respect thereof and will be subject to United States federal income
tax on the same amounts, at the same times and in the same manner as if such satisfaction and discharge had not been effected. 
 Upon the
deposit of money or Eligible Obligations, or both, in accordance with this Section, together with the documents required by clauses (x), (y) and (z) above, the Trustee shall, upon receipt of a Company Request, acknowledge in writing that
the Security or Securities or 

  

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portions thereof with respect to which such deposit was made are deemed to have been paid for all purposes of this Indenture and that the entire indebtedness
of the Company in respect thereof has been satisfied and discharged as contemplated in this Section. In the event that all of the conditions set forth in the preceding paragraph shall have been satisfied in respect of any Securities or portions
thereof except that, for any reason, the Officer’s Certificate and Opinion of Counsel specified in clause (z) shall not have been delivered, such Securities or portions thereof shall nevertheless be deemed to have been paid for all
purposes of this Indenture, and the Holders of such Securities or portions thereof shall nevertheless be no longer entitled to the benefits of this Indenture or of any of the covenants of the Company under Article Six (except the covenants contained
in Sections 602 and 603) or any other covenants made in respect of such Securities or portions thereof as contemplated by Section 301, but the indebtedness of the Company in respect of such Securities or portions thereof shall not be deemed to
have been satisfied and discharged prior to Maturity for any other purpose, and the Holders of such Securities or portions thereof shall continue to be entitled to look to the Company for payment of the indebtedness represented thereby; and, upon
Company Request, the Trustee shall acknowledge in writing that such Securities or portions thereof are deemed to have been paid for all purposes of this Indenture. 
 If payment at Stated Maturity of less than all of the Securities of any series, or any Tranche thereof, is to be provided for in the manner and with the effect provided in this Section, the Security Registrar shall
select such Securities, or portions of principal amount thereof, in the manner specified by Section 403 for selection for redemption of less than all the Securities of a series or Tranche. 
 In the event that Securities which shall be deemed to have been paid for purposes of this Indenture, and, if such is the case, in respect of which the
Company’s indebtedness shall have been satisfied and discharged, all as provided in this Section do not mature and are not to be redeemed within the 60 day period commencing with the date of the deposit of moneys or Eligible Obligations, as
aforesaid, the Company shall, as promptly as practicable, give a notice, in the same manner as a notice of redemption with respect to such Securities, to the Holders of such Securities to the effect that such deposit has been made and the effect
thereof. 
 Notwithstanding that any Securities shall be deemed to have been paid for purposes of this Indenture, as aforesaid, the
obligations of the Company and the Trustee in respect of such Securities under Sections 304, 305, 306, 404, 503 (as to notice of redemption), 602, 603, 907 and 915 and this Article Seven shall survive such satisfaction and discharge. 
 The Company shall pay, and shall indemnify the Trustee or any Paying Agent with which Eligible Obligations shall have been deposited as provided in this
Section against, any tax, fee or other charge imposed on or assessed against such Eligible Obligations or the principal or interest received in respect of such Eligible Obligations, including, but not limited to, any such tax payable by any entity
deemed, for tax purposes, to have been created as a result of such deposit. 
 Anything herein to the contrary notwithstanding, (a) if,
at any time after a Security would be deemed to have been paid for purposes of this Indenture, and, if such is the case, the Company’s indebtedness in respect thereof would be deemed to have been satisfied or discharged, pursuant to this
Section (without regard to the provisions of this paragraph), the 

  

 37 

 
Trustee or any Paying Agent, as the case may be, shall be required to return the money or Eligible Obligations, or combination thereof, deposited with it as
aforesaid to the Company or its representative under any applicable Federal or State bankruptcy, insolvency or other similar law, such Security shall thereupon be deemed retroactively not to have been paid and any satisfaction and discharge of the
Company’s indebtedness in respect thereof shall retroactively be deemed not to have been effected, and such Security shall be deemed to remain Outstanding and (b) any satisfaction and discharge of the Company’s indebtedness in respect
of any Security shall be subject to the provisions of the last paragraph of Section 603. 
 Section 702. Satisfaction and Discharge
of Indenture. This Indenture shall upon Company Request, accompanied by an Officer’s Certificate and an Opinion of Counsel in compliance with Section 102 of this Indenture, cease to be of further effect (except as hereinafter expressly
provided), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 
 (a) no Securities remain Outstanding hereunder; and 
 (b) the Company has paid or caused to be paid all other sums payable hereunder by the Company; 
 provided, however, that if, in accordance with the last paragraph of Section 701, any Security, previously deemed to have been paid for purposes of
this Indenture, shall be deemed retroactively not to have been so paid, this Indenture shall thereupon be deemed retroactively not to have been satisfied and discharged, as aforesaid, and to remain in full force and effect, and the Company shall
execute and deliver such instruments as the Trustee shall reasonably request to evidence and acknowledge the same. 
 Notwithstanding the
satisfaction and discharge of this Indenture as aforesaid, the obligations of the Company and the Trustee under Sections 304, 305, 306, 404, 503 (as to notice of redemption), 602, 603, 907 and 915 and this Article Seven shall survive. 
 Upon satisfaction and discharge of this Indenture as provided in this Section, the Trustee shall assign, transfer and turn over to the Company, subject
to the lien provided by Section 907, any and all money, securities and other property then held by the Trustee for the benefit of the Holders of the Securities other than money and Eligible Obligations held by the Trustee pursuant to
Section 703. 
 Section 703. Application of Trust Money. Neither the Eligible Obligations nor the money deposited pursuant to
Section 701, nor the principal or interest payments on any such Eligible Obligations, shall be withdrawn or used for any purpose other than, and shall be held in trust for, the payment of the principal of and premium, if any, and interest, if
any, on the Securities or portions of principal amount thereof in respect of which such deposit was made, all subject, however, to the provisions of Section 603; provided, however, that, so long as there shall not have occurred
and be continuing an Event of Default, any cash received from such principal or interest payments on such Eligible Obligations, if not then needed for such purpose, shall, to the extent practicable and upon Company Request, be invested in Eligible
Obligations of the type described in clause (b) in the first paragraph of Section 701 maturing at such times and in 

  

 38 

 
such amounts as shall be sufficient, together with any other moneys and the principal of and interest on any other Eligible Obligations then held by the
Trustee, to pay when due the principal of and premium, if any, and interest, if any, due and to become due on such Securities or portions thereof on and prior to the Maturity thereof, and interest earned from such reinvestment shall be paid over to
the Company as received, free and clear of any trust, lien or pledge under this Indenture except the lien provided by Section 907; and provided, further, that, so long as there shall not have occurred and be continuing an Event of
Default, any moneys held in accordance with this Section on the Maturity of all such Securities in excess of the amount required to pay the principal of and premium, if any, and interest, if any, then due on such Securities shall be paid over to the
Company free and clear of any trust, lien or pledge under this Indenture except the lien provided by Section 907; and provided, further, that if an Event of Default shall have occurred and be continuing, moneys to be paid over to
the Company pursuant to this Section shall be held until such Event of Default shall have been waived or cured. 
 ARTICLE EIGHT 

EVENTS OF DEFAULT; REMEDIES 
 Section 801.
Events of Default. “Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events: 
 (a) failure to pay interest, if any, on any Security of such series within 30 days after the same becomes due and payable;
provided, however, that a valid extension of the interest payment period by the Company as contemplated in Section 312 of this Indenture shall not constitute a failure to pay interest for this purpose; or 
 (b) failure to pay the principal of or premium, if any, on any Security of such series at its Maturity; or 
 (c) failure to perform or breach of any covenant or warranty of the Company in this Indenture (other than a covenant or warranty a default
in the performance of which or breach of which is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of one or more series of Securities other than such series) for a
period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee, or to the Company and the Trustee by the Holders of at least 33% in principal amount of the Outstanding Securities of such series, a
written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder, unless the Trustee, or the Trustee and the Holders of a principal amount of Securities
of such series not less than the principal amount of Securities the Holders of which gave such notice, as the case may be, shall agree in writing to an extension of such period prior to its expiration; provided, however, that the
Trustee, or the Trustee and the Holders of such principal amount of Securities of such series, as the case may be, shall be deemed to have agreed to an extension of such period if corrective action is initiated by the Company within such period and
is being diligently pursued; or 
  

 39 

 (d) the entry by a court having jurisdiction in the premises of (1) a decree or
order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (2) a decree or order adjudging the Company a bankrupt or
insolvent, or approving as properly filed a petition by one or more Persons other than the Company seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or
appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official for the Company or for any substantial part of its property, or ordering the winding up or liquidation of its affairs, and any such decree or
order for relief or any such other decree or order shall have remained unstayed and in effect for a period of 90 consecutive days; or 
 (e) the commencement by the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be
adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in a case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar
law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the
filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of its property, or the making by it of an
assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the authorization of such action by the Board of Directors; or 
 (f) any other Event of Default with respect to Securities of such series as shall have been specified in the terms thereof as contemplated
by Section 301(o). 
 Section 802. Acceleration of Maturity; Rescission and Annulment. If an Event of Default due to the default
in payment of principal of, or interest on, any series of Securities or due to the default in the performance or breach of any other covenant or warranty of the Company applicable to the Securities of such series but not applicable to all
Outstanding Securities shall have occurred and be continuing, either the Trustee or the Holders of not less than 33% in principal amount of the Securities of such series may then declare the principal amount (or, if any of the Securities of such
series are Discount Securities, such portion of the principal amount as may be specified in the terms thereof as contemplated by Section 301) of all Securities of such series and interest accrued thereon to be due and payable immediately. If an
Event of Default due to default in the performance of any other of the covenants or agreements herein applicable to all Outstanding Securities or an Event of Default specified in Section 801 (d) or (e) shall have occurred and be
continuing, either the Trustee or the Holders of not less than 33% in principal amount of all Securities then Outstanding (considered as one class), and not the Holders of the Securities of any one of such series, may declare the principal of all
Securities and interest accrued thereon to be due and payable immediately. As a consequence of each such declaration (herein referred to as a declaration of acceleration) with respect to Securities of any series, the principal amount (or portion
thereof in the case of Discount Securities) of such Securities and interest accrued thereon shall become due and payable immediately. 
  

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 At any time after such a declaration of acceleration with respect to Securities of any series shall have
been made and before a judgment or decree for payment of the money due shall have been obtained by the Trustee as hereinafter in this Article provided, the Event or Events of Default giving rise to such declaration of acceleration shall, without
further act, be deemed to have been waived, and such declaration and its consequences shall, without further act, be deemed to have been rescinded and annulled, if 
 (a) the Company shall have paid or deposited with the Trustee a sum sufficient to pay 
 (1) all overdue interest on all Securities of such series; 
 (2) the principal of and premium, if any, on any Securities of such series which have become due otherwise than by such declaration of
acceleration and interest thereon at the rate or rates prescribed therefor in such Securities; 
 (3) to the extent that
payment of such interest is lawful, interest upon overdue interest, if any, at the rate or rates prescribed therefor in such Securities; 
 (4) all amounts due to the Trustee under Section 907; and 
 (b) any other Event or
Events of Default with respect to Securities of such series, other than the nonpayment of the principal of Securities of such series which shall have become due solely by such declaration of acceleration, shall have been cured or waived as provided
in Section 813. 
 No such rescission shall affect any subsequent Event of Default or impair any right consequent
thereon. 
 Section 803. Collection of Indebtedness and Suits for Enforcement by Trustee. If an Event of Default described in clause
(a) or (b) of Section 801 shall have occurred and be continuing, the Company shall, upon demand of the Trustee, pay to it, for the benefit of the Holders of the Securities of the series with respect to which such Event of Default
shall have occurred, the whole amount then due and payable on such Securities for principal and premium, if any, and interest, if any, and, to the extent permitted by law, interest on any overdue principal and interest, at the rate or rates
prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover any amounts due to the Trustee under Section 907. 
 If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute
a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys adjudged
or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 
 If an Event of Default with respect to Securities of any series shall have occurred and be continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the 

  

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rights of the Holders of Securities of such series under the Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to
protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
 Section 804. Trustee May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the
principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall
be entitled and empowered, by intervention in such proceeding or otherwise, 
 (a) to file and prove a claim for the whole
amount of principal, premium, if any, and interest, if any, owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for
amounts due to the Trustee under Section 907) and of the Holders allowed in such judicial proceeding, and 
 (b) to
collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver,
assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder 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 amounts due it under Section 907. 
 Nothing herein contained shall be
deemed to authorize 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 805. Trustee May Enforce Claims Without
Possession of Securities. All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating
thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recovered. 
 Section 806. Application of Money Collected. Any money or other property collected by the Trustee pursuant to this Article and any money or other property distributable in respect of the Company’s
obligations under this Indenture after an Event of Default shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or premium, if any, or interest, if
any, upon presentation of the 

  

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Securities in respect of which or for the benefit of which such money shall have been collected and the notation thereon of the payment if only partially
paid and upon surrender thereof if fully paid: 
 (a) To the payment of all amounts due the Trustee (including any predecessor
Trustee) under Section 907; 
 (b) To the payment of the amounts then due and unpaid upon the Securities for principal of
and premium, if any, and interest, if any, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal,
premium, if any, and interest, if any, respectively; and 
 (c) To the payment of the remainder, if any, to the Company or as
a court of competent jurisdiction may direct. 
 Section 807. Limitation on Suits. No Holder shall have any right to institute any
proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (a) such Holder shall have previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities
of such series; 
 (b) the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series in
respect of which an Event of Default shall have occurred and be continuing, considered as one class, 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 shall have offered to the Trustee indemnity reasonably satisfactory to it against the costs,
expenses and liabilities 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 shall have failed to institute any such proceeding; and 
 (e) no direction
inconsistent with such written request shall have been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series in respect of which an Event of Default
shall have occurred and be continuing, considered as one class; 
 it being understood and intended that no one or more of such Holders shall have any right
in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders or to obtain or to seek to obtain priority or preference over any other of such Holders
or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders. 
  

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 Section 808. Unconditional Right of Holders to Receive Principal, Premium and Interest.
Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and premium, if any, and (subject to Sections 307 and 312) interest,
if any, on such Security on the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired
without the consent of such Holder. 
 Section 809. 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 shall have been discontinued or abandoned for any reason, or shall have 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, and Trustee and such Holder shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and such Holder shall
continue as though no such proceeding had been instituted. 
 Section 810. Rights and Remedies Cumulative. Except as otherwise
provided in the last paragraph of Section 306, 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 811. 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 or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 812. Control by Holders of Securities. The Holders of a majority in principal amount of the Outstanding Securities of such series shall
have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series; provided,
however, that if an Event of Default shall have occurred and be continuing with respect to more than one series of Securities, the Holders of a majority in aggregate principal amount of the Outstanding Securities of all such series,
considered as one class, shall have the right to make such direction, and not the Holders of the Securities of any one of such series; and provided, further, that (a) such direction shall not be in conflict with any rule of law or
with this Indenture, and could not involve the Trustee in personal liability in circumstances where indemnity would not, in the Trustee’s sole discretion, be adequate, and (b) the Trustee may take any other action, deemed proper by the
Trustee, which is not inconsistent with any such direction. 
  

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 Section 813. Waiver of Past Defaults. The Holders of not less than a majority in principal amount
of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default 
 (a) in the payment of the principal of or premium, if any, or interest, if any, on any Security of such series, or 
 (b) in respect of a covenant or provision hereof which under Section 1202 cannot be modified or amended without the consent of the
Holder of each Outstanding Security of such series affected. 
 Upon any such waiver, such default shall cease to exist, and any and all
Events of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
 Section 814. Undertaking for Costs. The Company and the Trustee agree, and each Holder by his acceptance thereof shall be deemed to have agreed,
that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party
litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due
regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any
Holder, or group of Holders, holding in the aggregate more than 10% in aggregate principal amount of the Outstanding Securities of all series in respect of which such suit may be brought, considered as one class, or to any suit instituted by any
Holder for the enforcement of the payment of the principal of or premium, if any, or interest, if any, on any Security on or after the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on or after the
Redemption Date). 
 Section 815. Waiver of Stay or Extension Laws. The Company covenants (to the extent that it may lawfully do so)
that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the
performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein
granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
  

 45 

 ARTICLE NINE 
 THE TRUSTEE 
 Section 901. Certain Duties and Responsibilities. (a) Except during the
continuance of an Event of Default, 
 (1) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the
Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine
the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by
this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that 
 (1) this Subsection shall not be construed to limit
the effect of Subsections (a) or (d) of this Section; 
 (2) the Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding
Securities of any series, determined as provided in Sections 101 and 104, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under
this Indenture with respect to the Securities of such series. 
 (d) No provision of this indenture shall require the Trustee
to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for 

  

 46 

 
believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (e) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of
or affording protection to the Trustee shall be subject to the provisions of this Section. 
 Section 902. Notice of Defaults. The
Trustee shall give notice of any default hereunder known to the Trustee with respect to the Securities of any series to the Holders of Securities of such series in the manner and to the extent required to do so by the Trust Indenture Act, unless
such default shall have been cured or waived; provided, however, that in the case of any default of the character specified in Section 801(c), no such notice to Holders shall be given until at least 45 days after the occurrence
thereof. For the purpose of this Section and clause (h) of Section 903, the term “default” means any event which is, or after notice or lapse of time, or both, would become, an Event of Default. 
 Section 903. Certain Rights of Trustee. Subject to the provisions of Section 901 and to the applicable provisions of the Trust Indenture Act:

 (a) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, Officer’s Certificate, statement, 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 party or parties; 
 (b) any request or direction of the Company mentioned herein shall
be sufficiently evidenced by a Company Request or Company Order, or as otherwise expressly provided herein, and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to
taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, conclusively rely upon an Officer’s Certificate; 
 (d) 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; 
 (e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any Holder pursuant to this Indenture, unless such Holder shall have offered to the Trustee
security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other 

  

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paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if
the Trustee shall determine to make such further inquiry or investigation, it shall (subject to applicable legal requirements) be entitled to examine, during normal business hours, the books, records and premises of the Company, personally or by
agent or attorney, at the expense of the Company and shall incur no liability of any kind by reason of such inquiry or investigation. 
 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys, and the Trustee shall not be responsible for any misconduct or
negligence on the part of any agent or attorney appointed with due care by it hereunder; 
 (h) the Trustee shall not be
charged with knowledge of any default (as defined in Section 902) or Event of Default, as the case may be, with respect to the Securities of any series for which it is acting as Trustee unless either (1) a Responsible Officer of the
Trustee shall have actual knowledge that such default or Event of Default, as the case may be, exists and constitutes a default or Event of Default under this Indenture or (2) written notice of such default or Event of Default, as the case may
be, shall have been given in the manner provided in Section 105 hereof to the Trustee by the Company, any other obligor on such Securities or by any Holder of such Securities and such notice refers to such Securities and this Indenture;

 (i) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder; and 
 (j) the Trustee shall not be liable for any action it takes or omits to take in good faith which it reasonably believes to be authorized or within its rights or powers. In no event shall the Trustee be responsible or liable for special,
indirect 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.

 Section 904. Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the Securities (except
the Trustee’s certificates of authentication) shall be taken as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes responsibility for their correctness. The Trustee makes no representations as to the
validity or sufficiency of this Indenture or of the Securities. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 
 Section 905. May Hold Securities. Each of the Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of
the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 908 and 913, may otherwise deal with the Company with the same rights it would have if it were not the Trustee,
Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
 Section 906. Money Held in Trust. Money held by the
Trustee in trust hereunder need not be segregated from other funds, except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as expressly provided herein or otherwise
agreed with, and for the sole benefit of, the Company. 
  

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 Section 907. Compensation and Reimbursement. The Company shall 
 (a) pay to the Trustee from time to time such compensation for all services rendered by it hereunder (which compensation shall not be
limited by any provision of law in regard to the compensation of a trustee of an express trust) as the Company and the Trustee shall agree in writing; 
 (b) except as otherwise expressly provided herein, reimburse the Trustee upon its request for reasonable expenses, disbursements and advances reasonably incurred or made by the Trustee in accordance with any provision
of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except to the extent that any such expense, disbursement or advance shall be determined to have been caused by the Trustee’s
own gross negligence or wilful misconduct; and 
 (c) indemnify the Trustee for, and hold it harmless from and against, any
loss, liability, claim, damage or expense incurred by it arising out of or in connection with the acceptance or administration of the trust or trusts hereunder or the performance of its duties hereunder, including the reasonable costs and expenses
of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense shall be determined to have been caused by to its
own gross negligence or wilful misconduct. 
 As security for the performance of the obligations of the Company under this Section, the
Trustee shall have a lien prior to the Securities upon all property and funds held or collected by the Trustee as such, other than property and funds held in trust under Section 703 (except as otherwise provided in Section 703).

 In addition to and without prejudice to the rights provided to the Trustee under any of the provisions of this Indenture, when the Trustee
incurs expenses or renders services in connection with an Event of Default specified in Section 801(d) or Section 801(e), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are
intended to constitute expenses of administration under any applicable Federal or State bankruptcy, insolvency or other similar law. 
 “Trustee” for purposes of this Section shall include any predecessor Trustee; provided, however, that the negligence, wilful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any
other Trustee hereunder. 
 The provisions of this Section 907 shall survive the discharge of the Company’s obligation in respect
of any Securities, including under Article Seven, the termination of this Indenture for any reason and the resignation or removal of any Trustee. 
 Section 908. Disqualification; Conflicting Interests. If the Trustee shall have or acquire any conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such conflicting interest or resign to the
extent, in the manner and with the effect, and subject to the conditions, provided in the Trust Indenture Act and this Indenture. For purposes of Section 310(b)(1) of the Trust Indenture Act and to the fullest extent permitted thereby, the
Trustee, in its capacity as trustee in respect of the Securities of any series, shall not be deemed to have a conflicting interest arising from its capacity as trustee in respect of the Securities of any other 

  

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series. Nothing herein shall prevent the Trustee from filing with the Commission the application referred to in the second to last paragraph of
Section 310(b) of the Trust Indenture Act. 
 Section 909. Corporate Trustee Required: Eligibility. There shall at all times be a
Trustee hereunder which shall be 
 (a) a corporation organized and doing business under the laws of the United States, any
State or Territory thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by Federal or State
authority, or 
 (b) if and to the extent permitted by the Commission by rule, regulation or order upon application, a
corporation or other Person organized and doing business under the laws of a foreign government, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 or the Dollar equivalent of
the applicable foreign currency and subject to supervision or examination by authority of such foreign government or a political subdivision thereof substantially equivalent to supervision or examination applicable to United States institutional
trustees, and, in either case, qualified and eligible under this Article and the Trust Indenture Act. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of such supervising or examining
authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
 Section 910. Resignation and Removal; Appointment of Successor. (a) No resignation or removal of the Trustee and no appointment of a
successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 911. 
 (b) The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the
Company. If the instrument of acceptance by a successor Trustee required by Section 911 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may at the expense of the
Company petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 (c) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Trustee and
to the Company. If the instrument of acceptance by a successor Trustee required by Section 911 shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the removed Trustee may at the expense of the
Company petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 (d) If at any time: 
 (1) the Trustee shall fail to comply with Section 908 after
written request therefor by the Company or by any Holder who has been a bona fide Holder for at least six months, or 
  

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 (2) the Trustee shall cease to be eligible under Section 909 and shall fail to
resign after written request therefor by the Company or by any such Holder, or 
 (3) the Trustee shall become incapable of
acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, 
 then, in any such case, (x) the Company by a Board Resolution may remove the Trustee with respect to all Securities or
(y) subject to Section 814, any Holder who has been a bona fide Holder for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with
respect to all Securities and the appointment of a successor Trustee or Trustees. 
 (e) If the Trustee shall resign, be
removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause (other than as contemplated in clause (y) in Subsection (d) of this Section), with respect to the Securities of one or more series,
the Company shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of
such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable requirements of Section 911. If, within one year after such resignation, removal or
incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to
the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 911, become the successor Trustee with respect to the
Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted
appointment in the manner required by Section 911, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of itself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 (f) So long as no
event which is, or after notice or lapse of time, or both, would become, an Event of Default shall have occurred and be continuing, and except with respect to a Trustee appointed by Act of the Holders of a majority in principal amount of the
Outstanding Securities pursuant to Subsection (e) of this Section, if the Company shall have delivered to the Trustee (i) a Board Resolution appointing a successor Trustee, effective as of a date specified therein, and (ii) an
instrument of acceptance of such appointment, effective as of such date, by such successor Trustee in accordance with Section 911, the Trustee shall be deemed to have resigned as contemplated in Subsection (b) of this Section, the
successor Trustee shall be deemed to have been appointed by the Company pursuant to Subsection (e) of this Section and such appointment shall be deemed to have been accepted as contemplated in Section 911, all as of such date, and all
other provisions of this Section and Section 911 shall be 

  

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applicable to such resignation, appointment and acceptance except to the extent inconsistent with this Subsection (f). 
 (g) The Company (or, should the Company fail so to act promptly, the successor trustee at the expense of the Company) shall give notice of
each resignation and each removal of the Trustee with respect to the Securities of any series-and each appointment of a successor Trustee with respect to the Securities of any series by mailing written notice of such event by first-class mail,
postage prepaid, to all Holders of Securities of such series as their names and addresses appear in the Security Register. Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of
its corporate trust office. 
 Section 911. Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of a
successor Trustee with respect to the Securities of all series, 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 all sums owed to it, 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, subject nevertheless to its lien provided for in Section 907. 
 (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the
Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which
(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, upon payment of all sums owed to it, shall duly assign, transfer and deliver to such successor Trustee all property 

  

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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, subject nevertheless to its lien provided for in Section 907. 
 (c) Upon request of any such successor Trustee,
the Company shall execute any instruments which fully vest in and confirm to such successor Trustee all such rights, powers and trusts referred to in Subsection (a) or (b) of this Section, as the case may be. 
 (d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 Section 912. Merger, Conversion, Consolidation or Succession to Business. Any Person into which the
Trustee may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Person succeeding to all or substantially all the corporate
trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such Person shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of
the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver
the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
 Section 913.
Preferential Collection of Claims Against Company. If the Trustee shall be or become a creditor of the Company or any other obligor upon the Securities (other than by reason of a relationship described in Section 311(b) of the Trust
Indenture Act), the Trustee shall be subject to any and all applicable provisions of the Trust Indenture Act regarding the collection of claims against the Company or such other obligor. For purposes of Section 311(b) of the Trust Indenture
Act: 
 (a) the term “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; 
 (b) the term “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 914. Co-trustees and Separate Trustees. At any time or times, for the purpose of meeting the legal requirements of any applicable jurisdiction, the Company and the Trustee shall have power to appoint,
and, upon the written request of the Trustee or of the Holders of at 

  

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least 33% in principal amount of the Securities then Outstanding, the Company shall for such purpose join with the Trustee in the execution and delivery of
all instruments and agreements necessary or proper to appoint, one or more Persons approved by the Trustee either to act as co-trustee, jointly with the Trustee, or to act as separate trustee, in either case with such powers as may be provided in
the instrument of appointment, and to vest in such Person or Persons, in the capacity aforesaid, any property, title, right or power deemed necessary or desirable, subject to the other provisions of this Section. If the Company does not join in such
appointment within 15 days after the receipt by it of a request so to do, or if an Event of Default shall have occurred and be continuing, the Trustee alone shall have power to make such appointment. 
 Should any written instrument or instruments from the Company be required by any co-trustee or separate trustee so appointed to more fully confirm to
such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Company. 
 Every co-trustee or separate trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following conditions:

 (a) the Securities shall be authenticated and delivered, and all rights, powers, duties and obligations hereunder in
respect of the custody of securities, cash and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder, shall be exercised solely, by the Trustee; 
 (b) the rights, powers, duties and obligations hereby conferred or imposed upon the Trustee in respect of any property covered by such
appointment shall be conferred or imposed upon and exercised or performed either by the Trustee or by the Trustee and such co-trustee or separate trustee jointly, as shall be provided in the instrument appointing such co-trustee or separate trustee,
except to the extent that under any law of any jurisdiction in which any particular act is to be performed, the Trustee shall be incompetent or unqualified to perform such act, in which event such rights, powers, duties and obligations shall be
exercised and performed by such co-trustee or separate trustee; 
 (c) the Trustee at any time, by an instrument in writing
executed by it, with the concurrence of the Company, may accept the resignation of or remove any co-trustee or separate trustee appointed under this Section, and, if an Event of Default shall have occurred and be continuing, the Trustee shall have
power to accept the resignation of, or remove, any such co-trustee or separate trustee without the concurrence of the Company. Upon the written request of the Trustee, the Company shall join with the Trustee in the execution and delivery of all
instruments and agreements necessary or proper to effectuate such resignation or removal. A successor to any co-trustee or separate trustee so resigned or removed may be appointed in the manner provided in this Section; 
 (d) no co-trustee or separate trustee hereunder shall be personally liable by reason of any act or omission of the Trustee, or any other
such trustee hereunder; and the Trustee shall not be personally liable by reason of any act or omission of any other such trustee hereunder; and 
  

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 (e) any Act of Holders delivered to the Trustee shall be deemed to have been delivered to
each such co-trustee and separate trustee. 
 Section 915. Appointment of Authenticating Agent. The Trustee may appoint an
Authenticating Agent or Agents with respect to the Securities of one or more series, or Tranche thereof, which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series or Tranche issued upon original issuance and
upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 306, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if
authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include
authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall
at all times be a corporation organized and doing business under the laws of the United States, any State or territory thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and
surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising
or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If
at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any
merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent,
provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the Company. The Trustee may at any time terminate
the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall
cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company. Any successor Authenticating Agent upon acceptance of its appointment
hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the
provisions of this Section. 
  

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 The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its
services under this Section. 
 The provisions of Sections 308, 904 and 905 shall be applicable to each Authenticating Agent. 
 If an appointment with respect to the Securities of one or more series shall be made pursuant to this Section, the Securities of such series may have
endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication substantially in the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
 Dated: 
  

			
	  
	 As Trustee

		
	 By
	 	  
		 	 As Authenticating Agent

		
	 By
	 	  
		 	 Authorized Signatory

 If all of the Securities of a series may not be originally issued at one time, and if the
Trustee does not have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested
by the Company in writing (which writing need not comply with Section 102 and need not be accompanied by an Opinion of Counsel), shall appoint, in accordance with this Section and in accordance with such procedures as shall be acceptable to the
Trustee, an Authenticating Agent having an office in a Place of Payment designated by the Company with respect to such series of Securities. 
 ARTICLE TEN 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 Section 1001. Lists of Holders. Semiannually, not later than January 1 and July 1 in each year, commencing January 1, 2007 and at
such other times as the Trustee may request in writing, the Company shall furnish or cause to be furnished to the Trustee information as to the names and addresses of the Holders, and the Trustee shall preserve such information and similar 

  

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information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to such extent, if any, and in such
manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Trustee shall be the Security Registrar. 
 Section 1002. Reports by Trustee and Company. Not later than              15 in
each year, commencing with the year 2007, the Trustee shall transmit to the Holders, the Commission and each securities exchange upon which any Securities are listed, a report, dated as of the next preceding
             15, with respect to any events and other matters described in Section 313(a) of the Trust Indenture Act, in such manner and to the extent required by the Trust
Indenture Act. The Trustee shall transmit to the Holders, the Commission and each securities exchange upon which any Securities are listed, and the Company shall file with the Trustee (within 30 days after filing with the Commission in the case of
reports which pursuant to the Trust Indenture Act must be filed with the Commission and furnished to the Trustee) and transmit to the Holders, such other information, reports and other documents, if any, at such times and in such manner, as shall be
required by the Trust Indenture Act. The Company shall notify the Trustee of the listing of any Securities on any securities exchange. Delivery of such reports, information and documents filed with the Commission pursuant to the Securities Exchange
Act of 1934, as amended, to the Trustee is for informational purposes only, and the Trustee’s receipt of such shall not constitute notice or 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). 
 ARTICLE ELEVEN 
 CONSOLIDATION, MERGER CONVEYANCE OR OTHER TRANSFER 

Section 1101. Company May Consolidate, etc. Only on Certain Terms. The Company shall not consolidate with or merge into any other Person, or
convey or otherwise transfer or lease its properties and assets substantially as an entirety to any Person, unless 
 (a) the
Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company substantially as an entirety shall be a Person organized and
validly existing under the laws of the United States, any State thereof or the District of Columbia, and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due
and punctual payment of the principal of and premium, if any, and interest, if any, on all Outstanding Securities and the performance of every covenant of this Indenture on the part of the Company to be performed or observed; 
 (b) immediately after giving effect to such transaction no Event of Default, and no event which, after notice or lapse of time or both,
would become an Event of Default, shall have occurred and be continuing; and 
 (c) the Company shall have delivered to the
Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, or other 

  

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transfer or lease and such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such
transactions have been complied with. 
 Section 1102. Successor Person Substituted. Upon any consolidation by the Company with or
merger by the Company into any other Person or any conveyance, or other transfer or lease of the properties and assets of the Company substantially as an entirety in accordance with Section 1101, the successor Person formed by such
consolidation or into which the Company is merged or the Person to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same
effect as if such successor Person had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of and released from all obligations and covenants under this Indenture and the
Securities Outstanding hereunder. 
 ARTICLE TWELVE 
 SUPPLEMENTAL INDENTURES 
 Section 1201. Supplemental Indentures Without Consent of Holders.
Without the consent of any Holders, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (a) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company
herein and in the Securities, all as provided in Article Eleven; or 
 (b) to add one or more covenants of the Company or
other provisions for the benefit of all Holders or for the benefit of the Holders of, or to remain in effect only so long as there shall be Outstanding, Securities of one or more specified series, or one or more specified Tranches thereof, or to
surrender any right or power herein conferred upon the Company; or 
 (c) to add any additional Events of Default with respect
to all or any series of Securities Outstanding hereunder; or 
 (d) to change or eliminate any provision of this Indenture or
to add any new provision to this Indenture; provided, however, that if such change, elimination or addition shall adversely affect the interests of the Holders of Securities of any series or Tranche Outstanding on the date of such
indenture supplemental hereto in any material respect, such change, elimination or addition shall become effective with respect to such series or Tranche only pursuant to the provisions of Section 1202 hereof or when no Security of such series
or Tranche remains Outstanding; or 
 (e) to provide collateral security for all but not part of the Securities; or

 (f) to establish the form or terms of Securities of any series or Tranche as contemplated by Sections 201 and 301; or

  

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 (g) to provide for the authentication and delivery of bearer securities and coupons
appertaining thereto representing interest, if any, thereon and for the procedures for the registration, exchange and replacement thereof and for the giving of notice to, and the solicitation of the vote or consent of, the holders thereof, and for
any and all other matters incidental thereto; or 
 (h) to evidence and provide for the acceptance of appointment hereunder by
a separate or successor Trustee or co-trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts
hereunder by more than one Trustee, pursuant to the requirements of Section 911(b); or 
 (i) to provide for the
procedures required to permit the Company to utilize, at its option, a noncertificated system of registration for all, or any series or Tranche of, the Securities; or 
 (j) to change any place or places where (1) the principal of and premium, if any, and interest, if any, on all or any series of
Securities, or any Tranche thereof, shall be payable, (2) all or any series of Securities, or any Tranche thereof, may be surrendered for registration of transfer, (3) all or any series of Securities, or any Tranche thereof, may be
surrendered for exchange and (4) notices and demands to or upon the Company in respect of all or any series of Securities, or any Tranche thereof, and this Indenture may be served; or 
 (k) to cure any ambiguity, to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein, or to make any other changes to the provisions hereof or to add other provisions with respect to matters or questions arising under this Indenture, provided that such other changes or additions shall not adversely affect the interests of the
Holders of Securities of any series or Tranche in any material respect. 
 Without limiting the generality of the foregoing, if the Trust
Indenture Act as in effect at the date of the execution and delivery of this Indenture or at any time thereafter shall be amended and 
 (x) if any such amendment shall require one or more changes to any provisions hereof or the inclusion herein of any additional provisions, or shall by operation of law be deemed to effect such changes or incorporate
such provisions by reference or otherwise, this Indenture shall be deemed to have been amended so as to conform to such amendment to the Trust Indenture Act, and the Company and the Trustee may, without the consent of any Holders, enter into an
indenture supplemental hereto to effect or evidence such changes or additional provisions; or 
 (y) if any such amendment
shall permit one or more changes to, or the elimination of, any provisions hereof which, at the date of the execution and delivery hereof or at any time thereafter, are required by the Trust Indenture Act to be contained herein, the Company and the
Trustee may, without the consent of any Holders, enter into an indenture supplemental hereto to effect such change or elimination herein. 
  

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 Section 1202. Supplemental Indentures With Consent of Holders. With the consent of the Holders of
a majority in aggregate principal amount of the Securities of all series then Outstanding under this Indenture, considered as one class, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board
Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this indenture or modifying in any manner the
rights of the Holders of Securities of such series under the Indenture; provided, however, that if there shall be Securities of more than one series Outstanding hereunder and if a proposed supplemental indenture shall directly affect
the rights of the Holders of Securities of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series so directly affected, considered
as one class, shall be required; and provided, further, that if the Securities of any series shall have been issued in more than one Tranche and if the proposed supplemental indenture shall directly affect the rights of the Holders of
Securities of one or more, but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all Tranches so directly affected, considered as one class, shall be
required; and provided, further, that no such supplemental indenture shall: 
 (a) change the Stated Maturity of
the principal of, or any installment of principal of or interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon (or the amount of any installment of interest thereon) or change the method of calculating such
rate or reduce any premium payable upon the redemption thereof, or reduce the amount of the principal of a Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 802, or
change the coin or currency (or other property), in which any Security or any premium or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity of any Security
(or, in the case of redemption, on or after the Redemption Date), without, in any such case, the consent of the Holder of such Security, or 
 (b) reduce the percentage in principal amount of the Outstanding Securities of any series, or any Tranche thereof, the consent of the Holders of which is required for any such supplemental indenture, or the consent of
the Holders of which is required for any waiver of compliance with any provision of this Indenture or of any default hereunder and its consequences, or reduce the requirements of Section 1304 for quorum or voting, without, in any such case, the
consent of the Holders of each Outstanding Security of such series or Tranche, or 
 (c) modify any of the provisions of this
Section, Section 607 or Section 813 with respect to the Securities of any series, or any Tranche thereof, except to increase the percentages in principal amount referred to in this Section or such other Sections or to provide that other
provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder
with respect to changes in the references to “the Trustee” and concomitant changes in this Section, or the deletion of this proviso, in accordance with the requirements of Sections 911(b), 914 and 1201(h). 
  

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 A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture
which has expressly been included solely for the benefit of one or more particular series of Securities, or one or more Tranches thereof, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other
provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series or Tranche. 
 It
shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. A waiver by a Holder of such
Holder’s right to consent under this Section shall be deemed to be a consent of such Holder. 
 Section 1203. Execution of
Supplemental Indentures. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be provided with,
and (subject to Section 901) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to,
enter into any such supplemental indenture which affects the Trustee’s own rights, duties, immunities or liabilities under this Indenture or otherwise. 
 Section 1204. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture
shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. Any supplemental indenture permitted by this Article may restate this
Indenture in its entirety, and, upon the execution and delivery thereof, any such restatement shall supersede this Indenture as theretofore in effect for all purposes. 
 Section 1205. Conformity With Trust Indenture Act. Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, every supplemental indenture executed pursuant to this
Article shall conform to the requirements of the Trust Indenture Act as then in effect. 
 Section 1206. Reference in Securities to
Supplemental Indentures. Securities of any series, or any Tranche thereof, authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form
approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series, or any Tranche thereof, so modified as to conform, in the opinion of the Trustee and the Company,
to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series or Tranche. 
 Section 1207. Modification Without Supplemental Indenture. If the terms of any particular series of Securities shall have been established in a
Board Resolution or an Officer’s Certificate as contemplated by Section 301, and not in an indenture supplemental hereto, additions to, changes in or the elimination of any of such terms may be effected by means of a 

  

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supplemental Board Resolution or Officer’s Certificate, as the case may be, delivered to, and accepted by, the Trustee; provided, however, that such
supplemental Board Resolution or Officer’s Certificate shall not be accepted by the Trustee or otherwise be effective unless all conditions set forth in this Indenture which would be required to be satisfied if such additions, changes or
elimination were contained in a supplemental indenture shall have been appropriately satisfied. Upon the acceptance thereof by the Trustee, any such supplemental Board Resolution or Officer’s Certificate shall be deemed to be a
“supplemental indenture” for purposes of Sections 1204 and 1206. 
 ARTICLE THIRTEEN 
 MEETINGS OF HOLDERS; ACTION WITHOUT MEETING 
 Section 1301. Purposes for Which Meetings May Be Called. A meeting of Holders of Securities of one or more, or all, series, or any Tranche or Tranches thereof, may be called at any time and from time to time pursuant to this Article
to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such series or Tranches. 
 Section 1302. Call, Notice and Place of Meetings. (a) The Trustee may at any time call a meeting of Holders of Securities of one or more, or
all, series, or any Tranche or Tranches thereof, for any purpose specified in Section 1301, to be held at such time and at such place in the Borough of Manhattan, The City of New York, as the Trustee shall determine, or, with the approval of
the Company, at any other place. Notice of every such meeting, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 106, not
less than 21 nor more than 180 days prior to the date fixed for the meeting. 
 (b) If the Trustee shall have been requested
to call a meeting of the Holders of Securities of one or more, or all, series, or any Tranche or Tranches thereof, by the Company or by the Holders of 33% in aggregate principal amount of all of such series and Tranches, considered as one class, for
any purpose specified in Section 1301, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have given the notice of such meeting within 21 days after receipt of such
request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series and Tranches in the amount above specified, as the case may be, may determine the time and the
place in the Borough of Manhattan, The City of New York, or in such other place as shall be determined or approved by the Company, for such meeting and may call such meeting for such purposes by giving notice thereof as provided in Subsection
(a) of this Section. 
 (c) Any meeting of Holders of Securities of one or more, or all, series, or any Tranche or
Tranches thereof, shall be valid without notice if the Holders of all Outstanding Securities of such series or Tranches are present in person or by proxy and if representatives of the Company and the Trustee are present, or if notice is waived in
writing before or after the meeting by the Holders of all Outstanding Securities of such series, or any Tranche or Tranches 

  

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thereof, or by such of them as are not present at the meeting in person or by proxy, and by the Company and the Trustee. 
 Section 1303. Persons Entitled to Vote at Meetings. To be entitled to vote at any meeting of Holders of Securities of one or more, or all, series,
or any Tranche or Tranches thereof, a Person shall be (a) a Holder of one or more Outstanding Securities of such series or Tranches, or (b) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more
Outstanding Securities of such series or Tranches by such Holder or Holders. The only Persons who shall be entitled to attend any meeting of Holders of Securities of any series or Tranche shall be the Persons entitled to vote at such meeting and
their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 
 Section 1304.
Quorum; Action. The Persons entitled to vote a majority in aggregate principal amount of the Outstanding Securities of the series and Tranches with respect to which a meeting shall have been called as hereinbefore provided, considered as one
class, shall constitute a quorum for a meeting of Holders of Securities of such series and Tranches; provided, however, that if any action is to be taken at such meeting which this Indenture expressly provides may be taken by the
Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding Securities of such series and Tranches, considered as one class, the Persons entitled to vote such specified percentage in principal amount of
the Outstanding Securities of such series and Tranches, considered as one class, shall constitute a quorum. In the absence of a quorum within one hour of the time appointed for any such meeting, the meeting shall, if convened at the request of
Holders of Securities of such series and Tranches, be dissolved. In any other case the meeting may be adjourned for such period as may be determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum
at any such adjourned meeting, such adjourned meeting may be further adjourned for such period as may be determined by the chairman of the meeting prior to the adjournment of such adjourned meeting. Except as provided by Section 1305(e), notice
of the reconvening of any meeting adjourned for more than 30 days shall be given as provided in Section 1302(a) not less than 10 days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an
adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series and Tranches which shall constitute a quorum. 
 Except as limited by Section 1202, any resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as
aforesaid may be adopted only by the affirmative vote of the Holders of a majority in aggregate principal amount of the Outstanding Securities of the series and Tranches with respect to which such meeting shall have been called, considered as one
class; provided, however, that, except as so limited, any resolution with respect to any action which this Indenture expressly provides may be taken by the Holders of a specified percentage, which is less than a majority, in principal
amount of the Outstanding Securities of such series and Tranches, considered as one class, may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of
such specified percentage in principal amount of the Outstanding Securities of such series and Tranches, considered as one class. 
  

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 Any resolution passed or decision taken at any meeting of Holders of Securities duly held in accordance
with this Section shall be binding on all the Holders of Securities of the series and Tranches with respect to which such meeting shall have been held, whether or not present or represented at the meeting. 
 Section 1305. Attendance at Meetings, Determination of Voting Rights; Conduct and Adjournment of Meetings. (a) Attendance at meetings of
Holders of Securities may be in person or by proxy; and, to the extent permitted by law, any such proxy shall remain in effect and be binding upon any future Holder of the Securities with respect to which it was given unless and until specifically
revoked by the Holder or future Holder of such Securities before being voted. 
 (b) Notwithstanding any other provisions of
this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities in regard to proof of the holding of such Securities and of the appointment of proxies and in regard to the
appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as
otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 104 and the appointment of any proxy shall be proved in the manner specified in Section 104. Such
regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof. 
 (c) The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called
by the Company or by Holders as provided in Section 1302(b), in which case the Company or the Holders of Securities of the series and Tranches calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A
permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in aggregate principal amount of the Outstanding Securities of all series and Tranches represented at the meeting,
considered as one class. 
 (d) At any meeting each Holder or proxy shall be entitled to one vote for each $1 principal amount
of Securities held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding.
The chairman of the meeting shall have no right to vote, except as a Holder of a Security or proxy. 
 (e) Any meeting duly
called pursuant to Section 1302 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in aggregate principal amount of the Outstanding Securities of all series and Tranches represented at the
meeting, considered as one class; and the meeting may be held as so adjourned without further notice. 
 Section 1306. Counting Votes and
Recording Action of Meetings. The vote upon any resolution submitted to any meeting of Holders shall be by written ballots on which shall be subscribed the signatures of the Holders or of their representatives by proxy and the principal 

  

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amounts and serial numbers of the Outstanding Securities, of the series and Tranches with respect to which the meeting shall have been called, held or
represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified
written reports of all votes cast at the meeting. A record of the proceedings of each meeting of Holders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on
any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 1302 and, if applicable,
Section 1304. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company, and another to the Trustee to be preserved by the Trustee, the
latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 
 Section 1307. Action Without Meeting. In lieu of a vote of Holders at a meeting as hereinbefore contemplated in this Article, any request, demand, authorization, direction, notice, consent, waiver or other
action may be made, given or taken by Holders by written instruments as provided in Section 104. 
 ARTICLE FOURTEEN 
 IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND DIRECTORS 
 Section 1401. Liability Solely Corporate. No recourse shall be had for the payment of the principal of or premium, if any, or interest, if any, on any Securities, or any part thereof, or for any claim based
thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement under this Indenture, against any incorporator, shareholder, officer or director, as such, past, present or future of
the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and all the Securities are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any incorporator,
shareholder, officer or director, past, present or future, of the Company or of any predecessor or successor corporation, either directly or indirectly through the Company or any predecessor or successor corporation, because of the indebtedness
hereby authorized or under or by reason of any of the obligations, covenants or agreements contained in this Indenture or in any of the Securities or to be implied herefrom or therefrom, and that any such personal liability is hereby expressly
waived and released as a condition of, and as part of the consideration for, the execution of this Indenture and the issuance of the Securities. 
  

  

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

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

			
	 THE TOLEDO EDISON COMPANY

		
	 By:
	 	  
	
	 THE BANK OF NEW YORK TRUST COMPANY, N.A.

	 as Trustee

		
	 By:

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