Document:

Agreement for Public Sale of Assets of FyreStorm, Inc.

 Exhibit 10.1 
 AGREEMENT FOR PUBLIC SALE OF ASSETS OF FYRESTORM, INC. 
 BY 
 HORIZON TECHNOLOGY FUNDING COMPANY LLC 
 AND 
 SAND HILL VENTURE DEBT III, LLC 
 TO 
 EXAR CORPORATION 
 JANUARY 31, 2008 

 Schedules and Exhibits 
  

			
	 Schedules
	  	
	 Schedule 1.1(a)(i)
	  	 Patents and Patent Applications

	 Schedule 1.1(a)(ii)
	  	 Trademarks and Trademark Applications

	 Schedule 1.1(a)(iii)
	  	 Registered Copyrights

	 Schedule 1.1(a)(vi)
	  	 Licenses, Sublicenses, and Other Agreements or Permissions

	 Schedule 1.1(c)
	  	 Fixed Assets

	 Schedule 1.1(d)
	  	 Assigned Contracts

	 Schedule 1.1(f)
	  	 Other Contracts

	 Schedule 1.2(a)
	  	 Excluded Assets

	 Schedule 1.2(b)
	  	 Excluded Accounts Receivable

	 Schedule 1.2(c)
	  	 Excluded Assets Subject to Equipment Leases

	 Schedule 1.3(c)
	  	 Wire Instructions

	 Schedule 3.1.2(iii)
	  	 Superior Interests

		
	 Exhibits
	  	
	 Exhibit A
	  	 Loan Agreement

	 Exhibit 1.5(i)
	  	 Secured Party Bill of Sale

	 Exhibit 1.5(ii)
	  	 Assignment of Patents

	 Exhibit 1.5(iii)
	  	 Assignment of Trademarks

 AGREEMENT FOR PUBLIC SALE OF ASSETS 
 This Agreement for Public Sale of Assets (the “Agreement”) is made by and between Horizon Technology Funding Company LLC, a Delaware
limited liability company (“Horizon”), and Sand Hill Venture Debt III, LLC, a Delaware limited liability company (“Sand Hill” and, together with Horizon, the “Lenders”) as the sellers, and Exar
Corporation, a Delaware corporation (the “Buyer”) as the buyer, is entered into as of January 31, 2008. 
 RECITALS

 WHEREAS, FyreStorm, Inc. (a/k/a Fyre Storm, Inc.), a Delaware corporation (the “Debtor”), with its principal place of
business located at 255 San Geronimo Way, Sunnyvale, CA, 95085, is indebted to the Lenders pursuant to the terms of a Venture Loan and Security Agreement between the Lenders and the Debtor dated as of August 18, 2006 (as amended, modified, or
supplemented from time to time to the date hereof, including those associated or incorporated documents such as security agreements or notes attached collectively as Exhibit A hereto, the “Loan Agreement”); 
 WHEREAS, the Lenders hold security interests in substantially all of the Debtor’s property and assets (as defined in the Loan Agreement, the
“Collateral”), which security interests have been duly and properly perfected by the filing of UCC financing statements with the office of the Delaware Secretary of State; 
 WHEREAS, an Event of Default has occurred under the Loan Agreement and the Lenders have accelerated the maturity of the indebtedness of the Debtor to the
Lenders under the Loan Agreement (the “Indebtedness”), and based on the foregoing the Lenders are entitled to exercise their remedies under the Loan Agreement and applicable law, including the Uniform Commercial Code as presently
enacted in the State of California (including, to the extent applicable to the transactions contemplated herein, the Uniform Commercial Code as enacted in any other state, the “Code”; terms used herein and defined in
Section 9101 of the Code shall have the meanings ascribed to such terms therein); 
 WHEREAS, the Lenders have determined to conduct a
public disposition of all or part of the Collateral by and through a public sale, with the proceeds of such sale to be applied as required by this Agreement and the Code, and the Buyer wishes to bid at such sale to purchase such assets from the
Lenders, all pursuant to the terms of this Agreement, the Code and any other applicable law; 

 NOW THEREFORE, in consideration of the foregoing and of the following covenants, the sufficiency of which
are hereby acknowledged, the Lenders and the Buyer hereby agree as follows: 
 1. Public Sale of Purchased Assets 
 1.1. Public Sale of Purchased Assets. Pursuant to the Lenders’ rights and remedies under the Loan Agreement and other applicable law,
including Sections 9601 through 9629 of the Code, but subject to the Buyer being the highest qualified bidder at the Public Sale (as defined below) the Lenders hereby agree to transfer and sell to Buyer all right, title and interest of the Debtor
and the Lenders in and to all Collateral (the “Purchased Assets”), including without limitation the following assets of every kind and description, wherever located, tangible or intangible: 
 (a) (i) All patents and patent applications, including without limitation those listed on Schedule 1.1(a)(i) hereto, any continuation, divisional,
continuations-in-part, reissues, extensions, re-examinations or substitutions relating thereto, and any foreign applications based in whole thereon or claiming the benefit thereof; and any United States or foreign patents issued on any of the
foregoing, all file histories and physical and electronic documentation, including, without limitation, all invention disclosures, prosecution papers, notes, drawings, reports, flow charts, instructions, manuals, notebooks, and memoranda, that
directly relate to such patents or patent applications; (ii) all trademarks and trademark applications, including without limitation those listed on Schedule 1.1(a)(ii) hereto, and all file histories and documentation, including, without
limitation, all trademark search results, clearance studies and watch notices that relate to such trademarks and trademark applications, and all goodwill associated with any of the foregoing; (iii) all copyrights and copyrightable materials,
whether registered or unregistered, including without limitation those registered copyrights listed on Schedule 1.1(a)(iii) hereto; (iv) computer software programs, including, without limitation, all source codes, object codes and
material documentation related thereto; (v) all know-how, processes, trade secrets, inventions, proprietary data, designs, research, processes, procedures, techniques, methods, recipes, research and development data and records, and product
prototypes, samples and works in progress relating to data, mask works, inventions, and other proprietary rights (whether or not patentable or subject to copyright, mask work, or trade secret protection) related to products and services, in each
case whether previously or currently offered or under development by the Debtor; (vi) to the extent assignable, licenses, sublicenses, and other agreements or permissions under which the Debtor is a licensee or otherwise is authorized to use or
practice any rights relating to any of the foregoing types of property, including without limitation those licenses, agreements and other agreements or permissions listed on Schedule 1.1(a)(vi) hereto; and (vii) all books and records, in
whatever form, of or relating to any of the foregoing (all of the foregoing (i) through (vii) shall be referred to collectively herein as the “Intellectual Property”); 
 (b) All of the Debtor’s rights, credits, judgments, choses in action, rights of set-off and any and all other claims of every type and nature of, for
or arising from or relating to past, present or future infringement or claims for royalties, and any and all other rights to enforce or protect any rights constituting or relating to any Intellectual Property or to any injury to the goodwill
associated with any trademark constituting Intellectual Property; 
 (c) All tangible assets of the Debtor (the “Fixed
Assets”), including those listed on Schedule 1.1(c) hereto; 
  

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 (d) To the extent assignable, all contracts and leases to which the Debtor is a party, including without
limitation those contracts listed on Schedule 1.1(d) hereto (the “Assigned Contracts”) and any and all rights to enforce or benefit from any contract to which the Debtor is not a party; 
 (e) All rights and benefits, including royalty streams, under license agreements and other contracts arising from or related to any Intellectual Property;

 (f) To the extent transferable by applicable law, (i) all rights under any contract under which the counterparty or counterparties
agree or have agreed not to compete with the operations or property of the Debtor, agree or have agreed to keep confidential information regarding the Debtor, any assets (including Intellectual Property) of the Debtor, or agree or have agreed to
cooperate in the prosecution or protection of any Intellectual Property, without regard to whether any such contract would otherwise be an Excluded Asset, and (ii) all similar rights arising other than under contract, including in each case and
without limitation those contracts and rights described on Schedule 1.1(f) hereto; 
 (g) Copies of all general, non-personnel and
non-accounting books, records and files, including distribution and mailing lists, product reports, plans and advertising materials, catalogues, billing records, sales and promotional literature and manuals (“Books and Records”),
provided that the Debtor shall be permitted to keep originals or copies of all Books and Records as are reasonably necessary for the Debtor to fulfill its fiduciary and administrative duties, including, without limitation, tax preparation,
claims reconciliation, and the winding up of its affairs (the “Excluded Books and Records”), provided further that, notwithstanding any retention of any Excluded Books and Records, the Debtor shall not have or retain any
proprietary interest in any Intellectual Property nor any Excluded Books and Records of or pertaining to any Intellectual Property; and 
 (h)
To the extent not described above or listed as Excluded Assets (as defined below), all other Collateral. 
 1.2. Excluded Assets. The
following assets of the Debtor shall be excluded from the Purchased Assets to be sold to the Buyer hereunder (the “Excluded Assets”): 
 (a) Any Collateral that would otherwise constitute a Purchased Asset that is listed on Schedule 1.2(a) by the Buyer on or prior to the Closing. The Lenders acknowledge and agree that the Buyer shall have the
right, in its absolute discretion and at any point prior to the Closing, to list on and add to Schedule 1.2(a) any Collateral that would otherwise be a Purchased Asset; 
 (b) The accounts receivable listed on Schedule 1.2(b); 
 (c) Any equipment or other property leased to the Debtor by a third party, including the equipment subject to the equipment leases listed on Schedule 1.2(c) hereto; and 
  

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 (d) One laptop computer, three servers, and related equipment as are reasonably necessary to properly
preserve the Excluded Books and Records. 
 1.3. Public Sale; Deposit. 
 (a) In accordance with their rights and duties under the Code, the Lenders shall commence a disposition of the Purchased Assets, as a single indivisible
lot, pursuant to a public sale to be conducted in accordance with Section 9610 and other applicable Sections of the Code (the “Public Sale”). Any third party or professional implementing the Public Sale shall be retained and
compensated solely by the Lenders. 
 (b) Provided the Public Sale occurs on or after February 4, 2008 and on or before February 15,
2008, and upon the satisfaction of the conditions set forth herein, the Buyer agrees that it shall place an opening bid at the Public Sale in the amount of Three Million Two Hundred Thousand Dollars ($3,200,000) (the “Minimum Bid”).

 (c) The Lenders shall also require a minimum overbid of $100,000 for any competing bidder to be qualified to participate in the Public
Sale. 
 1.4. Closing; Purchase Price. Subject in each case to the Buyer being the highest qualified bidder at the Public Sale, and to
the satisfaction or waiver of all other conditions to the closing or effectiveness of this Agreement set forth herein or imposed by the Code, then: 
 (a) The closing (the “Closing”) of the sale and transfer of the Purchased Assets to the Buyer shall occur immediately following the conclusion of the Public Sale, at the offices of Ropes & Gray LLP, 525 University Avenue,
Suite 300, Palo Alto, CA 94301-1917, or at such time and place as may be agreed upon between the Buyer and the Lenders. The time and date on which the Closing is actually held are sometimes referred to herein as the “Closing Date.”

 (b) The “Purchase Price” to be paid for the Purchased Assets shall be the amount of the highest qualified bid placed by
the Buyer at the Public Sale. The Purchase Price shall be paid to the Lenders by wire transfer of immediately available funds in accordance with the wire instructions set forth on Schedule 1.4, provided that, at the request of Buyer or Lenders, a
portion of the Purchase Price in an amount set forth in a pay off letter from Silicon Valley Bank may be sent by wire transfer directly to Silicon Valley Bank in satisfaction of the Superior Interest (as defined below). 
 1.5. Lenders’ Deliveries at Closing. On the Closing Date in consideration for payment to the Lenders of the Purchase Price, the Lenders shall
deliver to or arrange for the delivery to the Buyer or its designee at such location as the Buyer reasonably directs (i) a Secured Party Bill of Sale executed by the Lenders in the form set forth in Exhibit 1.5(i) hereto (“Bill
of Sale”); (ii) an Assignment of Patents in the form set forth in Exhibit 1.5(ii) hereto, executed by the Lenders and duly notarized; (iii) an Assignment of 

  

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Trademarks in the form set forth in Exhibit 1.5(iii) hereto, executed by the Lenders and duly notarized; and (iv) such other instruments of
conveyance and assignment as the parties shall deem reasonably necessary to vest in the Buyer all right, title and interest in and to the Purchased Assets. 
 1.6. Buyer’s Deliveries at Closing. On the Closing Date, the Buyer shall deliver to the Lenders the Purchase Price (as adjusted for the Deposit), and the Buyer or its designee shall execute and deliver the
Bill of Sale. 
 1.7. Further Assurances. Each of the Lenders, for itself and its respective successors and assigns, hereby covenants
and agrees that, at any time and from time to time after the date hereof, without further consideration but at no additional cost or liability to such Lender, it will execute and deliver to the Buyer such further instruments of sale, conveyance,
assignment, and transfer, and take such other commercially reasonable action, all upon the reasonable request of the Buyer, in order to more effectively sell, convey, grant, assign, transfer and deliver all or any portion of the Purchased Assets to
the Buyer, and to assure and confirm to any other person the ownership of the Purchased Assets by the Buyer, and to permit the Buyer to exercise any of the franchises, rights, licenses, or privileges intended to be sold, conveyed, assigned,
transferred, and delivered by the Lenders to the Buyer. The Lenders shall request that the Debtor execute the acknowledgements and consents attached to the Assignment of Patents and the Assignment of Trademarks. Each of the Lenders and the Buyer
acknowledge and agree that neither the Debtor’s consent hereto nor the execution of such documents is required to consummate the transactions contemplated by this Agreement. 
 1.8. Foreclosure Sale Under Article 9 of the Code. The sale and transfer of the Purchased Assets to the Buyer at Closing are and shall be made
pursuant to Section 9610 of the Code; the sale provided herein shall constitute a “disposition” under the Code pursuant to a public sale; and the Buyer will constitute and have the rights of a “transferee” under the Code,
including, without limitation, the provisions of Section 9617 of the Code. The Bill of Sale is intended to and shall constitute a “transfer statement” pursuant to Section 9619 of the Code. 
 1.9. No Successor Liability. For the avoidance of doubt, the Buyer shall not assume, and shall have no responsibility for, any liabilities of the
Debtor or the Lenders, as a successor in interest or otherwise, nor any liabilities of or relating to the Purchased Assets arising from or relating to periods of time prior to the Closing Date, including, without limitation: 
 1.9.1. Any obligation of the Debtor to any employee or consultant of the Debtor; any liability with respect to or arising from any “employee benefit
plan” of the Debtor (as defined in section 3(3) of the Employee Retirement Income Security Act of 1974, as amended) or other arrangement providing compensation or benefits to employees or consultants; 
 1.9.2. Liabilities under any warranty or guaranty obligation of the Debtor arising from or relating to any acts or transactions prior to the Closing;

  

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 1.9.3. Liabilities arising at any time under any contract other than the Assigned Contracts; 

1.9.4. Liabilities in respect of notes payable of the Debtor, indebtedness of the Debtor under credit facilities, or accounts payable of the Debtor;

 1.9.5. Liabilities of the Debtor for customer rebates or other promotional allowances; and/or 
 1.9.6. Liabilities of the Debtor relating to taxes of any nature. 
 1.10. Tangible Assets. The Buyer or its designee shall be responsible for arranging for the removal of any Fixed Assets and any required consents of landlords or others. The Lenders shall have no responsibility
to provide access to any Fixed Assets not in the Lenders’ possession. 
 2. Conditions Precedent 
 2.1. Lenders’ Conditions Precedent. The Lenders’ obligations to close the sale of the Purchased Assets under this Agreement are
conditioned upon the following: 
 2.1.1. Indebtedness Outstanding. The Indebtedness owed by the Debtor to the Lenders shall be unpaid
immediately prior to the date of Closing. 
 2.1.2. No Litigation. No action or proceeding before a court or any other governmental
agency or body (including, without limitation, any voluntary or involuntary bankruptcy action or proceeding by or against the Debtor) shall have been instituted or threatened to stay, restrain or prohibit the consummation of the transactions
contemplated hereby or to impose any remedy, condition or restriction unacceptable to the Lenders in their sole discretion. 
 2.1.3.
Representations and Warranties; Performance of Obligations. All representations and warranties of the Buyer contained in this Agreement shall be true and correct in all material respects as of the Closing with the same force and effect as
though made at and as of the Closing and all of the terms, covenants and conditions of this Agreement to be complied with, performed and satisfied by the Buyer at or before the Closing shall have been complied with, performed and satisfied in all
material respects. 
 2.1.4. Compliance with Uniform Commercial Code. All requirements of Sections 9601 through 9629 of the Code shall
have been complied with or waived to the reasonable satisfaction of the Lenders. 
 2.1.5. Highest Bid. The Buyer has submitted a bid
at the Public Sale at least equal to the Minimum Bid and at the conclusion of the Public Sale is the highest qualified bidder for the Purchased Assets. 
  

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 2.2. Buyer’s Conditions Precedent. The Buyer’s obligation to close the sale of the
Purchased Assets under this Agreement is conditioned upon the following: 
 2.2.1. Silicon Valley Bank. The Buyer shall be satisfied
that the liens of Silicon Valley Bank on the Purchased Assets, and the claims supporting such liens, shall have been released and satisfied prior to or contemporaneously with the Closing, by the Lenders, from the proceeds of the Public Sale.

 2.2.2. No Litigation. No action or proceeding before a court or any other governmental agency or body (including without limitation
any voluntary or involuntary bankruptcy action or proceeding by or against the Debtor) shall have been instituted or threatened to stay, restrain or prohibit the consummation of the transactions contemplated hereby or to impose any remedy, condition
or restriction unacceptable to the Buyer in its sole discretion. 
 2.2.3. Representations and Warranties; Performance of Obligations.
All representations and warranties of the Lenders contained in this Agreement shall be true and correct in all material respects as of the Closing Date with the same force and effect as though made at and as of the Closing Date and all of the terms,
covenants and conditions of this Agreement to be complied with, performed and satisfied by the Lenders at or before the Closing Date shall have been complied with, performed and satisfied in all material respects. 
 2.2.4. Compliance with Uniform Commercial Code. All requirements of Sections 9601 through 9629 of the Code shall have been complied with or waived
to the reasonable satisfaction of the Buyer. 
 3. Representations and Warranties. 
 3.1. Representation and Warranties of the Lenders. Each of the Lenders hereby represents and warrants to the Buyer as follows: 
 3.1.1. Organization and Authorization. (i) Such Lender is duly organized, validly existing and in good standing under the laws of its
respective jurisdiction of organization, with all requisite corporate power and authority to enter into this Agreement and the transaction contemplated hereby, (ii) the execution, delivery and performance of this Agreement has been authorized
by all necessary corporate action of such Lender, and (iii) this Agreement is a valid, binding obligation of such Lender, enforceable in accordance with its terms except as may be limited by applicable federal or state bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally. 
 3.1.2. Security Interest. Each Lender has a
valid and enforceable, fully perfected security interest in the Purchased Assets, (ii) such security interest is fully and validly perfected to the extent that a security interest in the Purchased Assets can be perfected by filing a financing
statement under the Code (other than with respect to commercial tort claims), and (iii) except as noted specifically on Schedule 3.1.2(iii), such security interest is first priority and not subordinate to any other liens, claims or
interests in the Purchased Assets (each interest listed on Schedule 3.1.2(iii), a “Superior Interest”). 
  

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 3.1.3. Default under Loan Agreement. The Debtor is in default under the Loan Agreement and as a
result such Lender has the present right to foreclose on and dispose of the Purchased Assets pursuant to the Loan Agreement and Section 9610 and other applicable provisions of the Code. 
 3.1.4. Title. (a) To the Lenders’ knowledge, between January 9, 2008 and the date of Closing, neither the Lenders, the Debtor nor
any of their respective affiliates, agents or representatives has sold, transferred or assigned, or agreed to sell, transfer or assign, all or any material portion of the Purchased Assets (including for clarity any interest in any Intellectual
Property, including a license) to any person or entity other than the Buyer; and (b) as of the Closing Date, the Buyer shall acquire title and ownership in all the Debtor’s right, title and interest in and to the Purchased Assets, to the
extent a security interest in the Purchased Assets can be perfected by filing a financing statement under the Code (other than with respect to commercial tort claims and non-assignable contracts), free and clear of (i) any interests of the
Debtor, (ii) any interest of the Lenders, (iii) any subordinate security interest or other subordinate lien, and (iv) the Superior Interests, which Superior Interests shall be paid in full from the proceeds of the Public Sale prior to
application to the Indebtedness. 
 3.1.5. Notices Given. The Lenders have provided all appropriate notices which are required in
connection with a disposition of the Purchased Assets by public sale under Section 9610, and have otherwise complied with all applicable provisions of the Code. 
 3.1.6. Litigation. To the knowledge of the Lenders, there are no pending lawsuits or actions filed against the Debtor alleging that any Intellectual Property infringes the intellectual property rights of any
third party. 
 3.1.7. Brokers and Finders. The Lenders have not engaged any broker or finder in connection with the transactions
contemplated by this Agreement. The Lenders intend to engage Paul Saperstein & Co. (the “Auctioneer”) to conduct the Public Sale and shall pay the Auctioneer’s fees and costs. 
 3.2. Representations and Warranties of Buyer. The Buyer hereby represents and warrants to the Lenders as follows: 
 3.2.1. Organization and Authorization. (i) the Buyer is duly organized, validly existing and in good standing under the laws of its
jurisdiction of organization, with all requisite corporate power and authority to enter into this Agreement and the transaction contemplated hereby; (ii) the execution, delivery and performance of this Agreement has been authorized by all
necessary corporate action of the Buyer; and (iii) this Agreement is a valid, binding obligation of the Buyer, enforceable in accordance with its terms except as may be limited by applicable federal or state bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally. 
  

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 3.2.2. Brokers and Finders. The Buyer has not engaged any broker or finder in connection with the
transactions contemplated by this Agreement. 
 3.3. Disclaimer. Except as expressly set forth in Section 3.1, the
(a) Purchased Assets are being sold “as is and where is” and the Lenders make no, and hereby disclaim any, representation or warranty to the Buyer with respect to the Purchased Assets or the transactions contemplated hereby, including
without limitation any warranty of merchantability or fitness for a particular purpose, and (b) there is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition. Without limiting the generality of the
foregoing, the Lenders make no representation or warranty, express or implied, as to the validity or utility of the Purchased Assets, the status of any issued patents or registered trademarks or any applications for patents or trademarks, whether
transfer documentation executed by the Lenders is sufficient to transfer title to Intellectual Property registered in foreign jurisdictions, whether the Intellectual Property or any use thereof infringes on the rights of others, whether any
intent-to-use trademark applications are assignable, or whether any license agreements and other contracts are assignable. Further, there is no warranty as to the existence, location or condition of any tangible assets listed on Schedule
1.1(d). 
 3.4. Survival of Representations and Warranties; Limitation of Liability. All representations and warranties contained
in this Agreement shall expire on the one year anniversary of the Public Sale. In respect of any breach of this Agreement by the Lenders, or either of them, the Lenders’ liability shall be limited to the Purchase Price. 
 3.5. In respect of any breach of this Agreement by the Buyer, the Buyer’s liability shall be limited to Seventy Five Thousand Dollars ($75,000).

 4. Notices. Any notice or communication required or permitted to be delivered to any party under this Agreement shall be in writing and shall be
deemed properly delivered, given and received when delivered (by hand, by registered mail, by courier or express delivery service or by fax) to the address or fax number set forth beneath the name of such party below (or to such other address or fax
number as such party shall have specified in a written notice given to the other parties hereto): 
  

			
	 If to the Lenders:
	  	Horizon Technology Funding Company LLC
		  	76 Batterson Park Road
		  	Farmington, CT 06032
		  	Attn: Legal Department
		  	Phone: (860) 676-8654
		  	Fax: (860) 676-8655
		
		  	and

  

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		  	Sand Hill Venture Debt III, LLC
		  	c/o Sand Hill Capital
		  	3000 Sand Hill Road
		  	Building 1, Suite 240
		  	Menlo Park, CA 94025
		  	Attn: Franklin Loffer
		  	Phone: (650) 926-7013
		  	Fax: (650) 234-7223
		
		  	
		
	 With a copy to:
	  	Ropes & Gray LLP
		  	One International Place
		  	Boston, MA 02110-2624
		  	Attn: James M. Wilton
		  	Phone: (617) 951-7474
		  	Fax: (617) 235-0398
		
		  	
		
	 If to Buyer to:
	  	Exar Corporation
		  	48720 Kato Road
		  	Fremont, CA 94538
		  	Attn: General Counsel
		  	Phone: (510) 668-7000
		  	Fax: (510) 668-7002
		
		  	
		
	 With a copy to:
	  	O’Melveny & Myers LLP
		  	2765 Sand Hill Road
		  	Menlo Park, CA 94025
		  	Attn: Steve Sonne
		  	Phone: (650) 473-2647
		  	Fax: (650) 473-2601

 5. Confidentiality, etc. The Buyer agrees to comply with all of its obligations pursuant to confidentiality
agreements entered into between the Buyer and the Debtor. 
 6. Miscellaneous. 
 6.1. Governing Law. This Agreement was executed in, and the transactions contemplated by and the provisions of this Agreement shall be governed by
and construed in accordance with the laws of the State of California without giving effect to the conflict of laws provisions thereof. 
 6.2.
Expenses. Each party to this Agreement shall be responsible for its expenses incurred in connection with this Agreement and the transactions contemplated hereby. 
 6.3. Entire Agreement; Third Party Beneficiaries. This Agreement, including all exhibits and schedules attached hereto, constitutes and contains the entire agreement of the parties and supersedes any and all
prior negotiations, correspondence, understandings and agreements between the parties respecting the subject matter hereof. This Agreement is not intended to confer upon any person other than the parties to this Agreement any rights or remedies.

  

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 6.4. No Liability of Officers and Directors. The parties hereto acknowledge that the individuals
executing this Agreement on behalf of the Lenders and the Buyer do so on behalf of such entities and not in their individual capacities. As such, no officer, director, employee or agent of the Lenders or the Buyer shall have any liability hereunder.

 6.5. Alternative Dispute Resolution. 
 6.5.1. The Buyer and the Lenders agree to use reasonable efforts to resolve between themselves any dispute they have with respect to the matters covered hereby or any agreement or document delivered pursuant hereto or
thereto, including any amendments hereof and thereof. 
 6.5.2. Except for disputes with respect to issues of validity or infringement of any
intellectual property rights which must be submitted to a court of competent jurisdiction, to the extent that any misunderstanding or dispute cannot be resolved agreeably in a friendly manner, the dispute will be mediated by a mutually-acceptable
mediator to be chosen by the Buyer and the Lenders within forty-five (45) days after written notice by one of the parties is delivered to the other demanding mediation. Neither party may unreasonably withhold consent to the selection of a
mediator; however, either party may request a postponement of the mediation until each has completed specified but limited discovery with respect to a dispute. The parties may also agree to attempt to resolve their dispute by some other form of
alternate dispute resolution (“ADR”) in lieu of mediation, including by way of example and without limitation neutral fact-finding or a mini-trial. 
 6.5.3. Any such dispute which the parties cannot resolve through negotiation, mediation or other form of ADR within three (3) months of the date of the initial demand for it by one of the parties may then be
submitted to the courts for resolution. The use of any ADR procedures will not be construed under the doctrines of laches, waiver or estoppel to affect adversely the rights of either party. Nothing in this Section 6.5.3 will prevent either
party from resorting to judicial proceedings if (A) good faith efforts to resolve the dispute under these procedures have been unsuccessful or (B) interim relief from a court is necessary to prevent serious and irreparable injury to one
party or to others. 
 6.5.4. Each of the Buyer and the Lenders shall bear its own costs of mediation or ADR, but the Buyer and the Lenders
agree to share the costs of the mediator or ADR provider equally. The Lenders’ costs of mediation or ADR and its share of the costs of the mediator or ADR provider shall be paid by the Debtor and shall constitute Indebtedness. 
 6.6. Sales and Transfer Taxes. As between the parties hereto, the Lenders shall pay any and all sales, use, transfer or similar taxes arising from
the transactions contemplated by this Agreement for which Buyer may be liable or which could result in a lien on the 

  

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Purchased Assets. The Buyer shall be responsible for any transfer or other filing fees, and other costs, if any, payable in connection with recording the
sale or transfer of the Purchased Assets and title thereto. 
 6.7. Counterparts. This Agreement may be executed and delivered in two
or more counterparts, in original or by email or facsimile, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  

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 IN WITNESS WHEREOF, this Agreement has been executed under seal as of the date first written above. 
 LENDERS: HORIZON TECHNOLOGY FUNDING COMPANY LLC 
  

			
		
	By:	 	/s/ Robert D. Pomeroy, Jr.
	 Name: Robert D. Pomeroy, Jr.
 Title: Managing
Member

 SAND HILL VENTURE DEBT III, LLC 
  

			
		
	By:	 	/s/ Christopher Barber
	 Name: Christopher Barber
 Title: Managing
Member

 BUYER: EXAR CORPORATION 
  

			
		
	By:	 	/s/ John McFarlane
	 Name: John McFarlane
 Title: Interim Chief
Executive Officer

 EXHIBIT 1.6(i) 
 SECURED PARTY BILL OF SALE AND TRANSFER STATEMENT 
 KNOW ALL MEN BY THESE PRESENTS that Horizon Technology Funding
Company LLC, a Delaware limited liability company (“Horizon”) and Sand Hill Venture Debt III, LLC, a Delaware limited liability company (“Sand Hill” and, together with Horizon, the “Lenders”), for
good and sufficient consideration paid by Exar Corporation, a Delaware corporation (the “Buyer”), receipt of which consideration is hereby acknowledged, does sell, assign and convey unto the Buyer and its successors and assigns,
pursuant to Sections 9610, 9617 and other applicable sections of the Uniform Commercial Code as presently enacted in the State of California (including, to the extent applicable, the Uniform Commercial Code as enacted in any other state, the
“Code”) all right, title and interest of the Lenders and of FyreStorm, Inc., a Delaware corporation (the “Debtor”), in and to all the assets which are described in the attached Schedule A (the
“Purchased Assets”), by and pursuant to that certain Agreement for Public Sale of Purchased Assets of FyreStorm, Inc. dated as of January 31, 2008 by and between the Lenders and the Buyer (the “Purchase
Agreement”). Capitalized terms used but not defined herein shall have the meanings given them in the Purchase Agreement. 
 This document shall
constitute a “transfer statement,” as such term is defined and used in Section 9619 of the Code. Solely for purposes of any official filing, recording, registration, or certificate-of-title system covering the Purchased Assets, the
Lenders state as follows: (a) the Debtor has defaulted in connection with an obligation to the Lenders secured by the Purchased Assets, (b) the Lenders have exercised their postdefault remedies with respect to the Purchased Assets,
(c) by reason of such exercise, the Buyer has acquired the rights of the Debtor in the Purchased Assets, and (d) the legal name and mailing address of the Lenders, as secured parties, the Debtor, as the obligor under the secured
obligations, and the Buyer, are as follows: 
  

			
	 Lenders:
	  	Horizon Technology Funding Company LLC
		  	76 Batterson Park Road
		  	Farmington, CT 06032
		  	Attn: Legal Department
		
		  	and
		
		  	
		  	Sand Hill Venture Debt III, LLC
		  	3000 Sand Hill Road
		  	Building 1, Suite 240
		  	Menlo Park, CA 94025
		  	Attn: Franklin Loffer
		
		  	
		
	 Debtor:
	  	FyreStorm, Inc.
		  	255 San Geronimo Way
		  	Sunnyvale, CA 94085
		  	Attn: Vince McCord

			
	 Buyer:
	  	Exar Corporation
		  	48720 Kato Road
		  	Fremont, CA 94538
		  	Attn: Tom Melendez

 Except for the representations and warranties set forth in Section 3.1 of the Purchase
Agreement, which representations and warranties are expressly incorporated herein by reference, (a) the Purchased Assets are being sold “as is and where is” and the Lenders make no, and hereby disclaim any, representation or warranty
to the Buyer with respect to the Purchased Assets or the transactions contemplated hereby, including without limitation any warranty of merchantability or fitness for a particular purpose, and (b) there is no warranty relating to title,
possession, quiet enjoyment, or the like in this disposition. Without limiting the generality of the foregoing, the Lenders make no representation or warranty, express or implied, as to the validity or utility of the Purchased Assets, the status of
any issued patents or registered trademarks or any applications for patents or trademarks, whether transfer documentation executed by the Lenders and the Buyer is sufficient to transfer title to Intellectual Property registered in foreign
jurisdictions, whether the Intellectual Property or any use thereof infringes on the rights of others, whether any intent-to-use trademark applications are assignable, or whether any license agreements and other contracts are assignable. Further,
there is no warranty as to the existence, location or condition of any tangible assets constituting Fixed Assets. 
 [The remainder
of this page is intentionally left blank.] 

 IN WITNESS WHEREOF, the parties hereto have executed this document as a sealed instrument by their duly authorized
officers on the date set forth below. 
 Dated: February         , 2008 
 LENDERS: HORIZON TECHNOLOGY FUNDING COMPANY LLC 
  

			
		
	By:	 	 
	 Name: Robert D. Pomeroy, Jr.
 Title: Managing
Member

 SAND HILL VENTURE DEBT III, LLC 
  

			
		
	By:	 	 
	 Name: Christopher Barber
 Title: Managing
Member

 BUYER: EXAR CORPORATION 
  

			
		
	By:	 	 
	 Name: John McFarlane
 Title: Interim Chief
Executive Officer

 Schedule A to the Secured Party Bill of Sale 
 Assets 
 All right, title and interest of the Debtor
and the Lenders in and to all Collateral (the “Purchased Assets”), including without limitation the following assets of every kind and description, wherever located, tangible or intangible: 
 (a) (i) All patents and patent applications, including without limitation those listed on Schedule 1.1(a)(i) hereto, any continuation, divisional,
continuations-in-part, reissues, extensions, re-examinations or substitutions relating thereto, and any foreign applications based in whole thereon or claiming the benefit thereof; and any United States or foreign patents issued on any of the
foregoing, all file histories and physical and electronic documentation, including, without limitation, all invention disclosures, prosecution papers, notes, drawings, reports, flow charts, instructions, manuals, notebooks, and memoranda, that
directly relate to such patents or patent applications; (ii) all trademarks and trademark applications, including without limitation those listed on Schedule 1.1(a)(ii) hereto, and all file histories and documentation, including, without
limitation, all trademark search results, clearance studies and watch notices that relate to such trademarks and trademark applications, and all goodwill associated with any of the foregoing; (iii) all copyrights and copyrightable materials,
whether registered or unregistered, including without limitation those registered copyrights listed on Schedule 1.1(a)(iii) hereto; (iv) computer software programs, including, without limitation, all source codes, object codes and
material documentation related thereto; (v) all know-how, processes, trade secrets, inventions, proprietary data, designs, research, processes, procedures, techniques, methods, recipes, research and development data and records, and product
prototypes, samples and works in progress relating to data, mask works, inventions, and other proprietary rights (whether or not patentable or subject to copyright, mask work, or trade secret protection) related to products and services, in each
case whether previously or currently offered or under development by the Debtor; (vi) to the extent assignable, licenses, sublicenses, and other agreements or permissions under which the Debtor is a licensee or otherwise is authorized to use or
practice any rights relating to any of the foregoing types of property, including without limitation those licenses, agreements and other agreements or permissions listed on Schedule 1.1(a)(vi) hereto; and (vii) all books and records, in
whatever form, of or relating to any of the foregoing (all of the foregoing (i) through (vii) shall be referred to collectively herein as the “Intellectual Property”); 
 (b) All of the Debtor’s rights, credits, judgments, choses in action, rights of set-off and any and all other claims of every type and nature of, for
or arising from or relating to past, present or future infringement or claims for royalties, and any and all other rights to enforce or protect any rights constituting or relating to any Intellectual Property or to any injury to the goodwill
associated with any trademark constituting Intellectual Property; 

 (c) All tangible assets of the Debtor (the “Fixed Assets”), including those listed on
Schedule 1.1(c) hereto; 
 (d) To the extent assignable, all contracts and leases to which the Debtor is a party, including without
limitation those contracts listed on Schedule 1.1(d) hereto (the “Assigned Contracts”) and any and all rights to enforce or benefit from any contract to which the Debtor is not a party; 
 (e) All rights and benefits, including royalty streams, under license agreements and other contracts arising from or related to any Intellectual Property;

 (f) To the extent transferable by applicable law, (i) all rights under any contract under which the counterparty or counterparties
agree or have agreed not to compete with the operations or property of the Debtor, agree or have agreed to keep confidential information regarding the Debtor, any assets (including Intellectual Property) of the Debtor, or agree or have agreed to
cooperate in the prosecution or protection of any Intellectual Property, without regard to whether any such contract would otherwise be an Excluded Asset, and (ii) all similar rights arising other than under contract, including in each case and
without limitation those contracts and rights described on Schedule 1.1(f) hereto; 
 (g) Copies of all general, non-personnel and
non-accounting books, records and files, including distribution and mailing lists, product reports, plans and advertising materials, catalogues, billing records, sales and promotional literature and manuals (“Books and Records”),
provided that the Debtor shall be permitted to keep originals or copies of all Books and Records as are reasonably necessary for the Debtor to fulfill its fiduciary and administrative duties, including, without limitation, tax preparation,
claims reconciliation, and the winding up of its affairs (the “Excluded Books and Records”), provided further that, notwithstanding any retention of any Excluded Books and Records, the Debtor shall not have or retain any
proprietary interest in any Intellectual Property nor any Excluded Books and Records of or pertaining to any Intellectual Property; and 
 (h)
To the extent not described above or listed as Excluded Assets, all other Collateral. 

 EXHIBIT 1.6(ii) 
 ASSIGNMENT OF PATENTS 
 WHEREAS, FyreStorm, Inc. (a/k/a Fyre Storm,
Inc.), a Delaware corporation (the “Debtor”), with its principal place of business located at 255 San Geronimo Way, Sunnyvale, CA, 95085, is the owner of the entire right, title and interest in and to the Patents and Patent
Applications (as defined below); 
 WHEREAS, the Debtor is indebted to Horizon Technology Funding Company LLC, a Delaware limited
liability company (“Horizon”), Sand Hill Venture Debt III, LLC, a Delaware limited liability company (“Sand Hill” and, together with Horizon, the “Lenders”), which hold security interests in
substantially all of the Debtor’s property, including the Patents and Patent Applications; 
 WHEREAS, the Debtor is currently in
default of its obligations to the Lenders pursuant to the terms of a Venture Loan and Security Agreement between the Lenders and the Debtor dated as of August 18, 2006 (as amended, modified, or supplemented from time to time, the “Loan
Agreement”); 
 WHEREAS, the Lenders are entitled to exercise their remedies under the Loan Agreement and applicable law,
including a disposition by public sale of all or part of the Lenders’ collateral pursuant to Sections 9610, 9617 and other applicable sections of the Uniform Commercial Code as presently enacted in the State of California (including, to the
extent applicable, the Uniform Commercial Code as enacted in any other state) (the “Code”), with the proceeds of such sale to be applied as required by the Purchase Agreement (as defined below) and the Code; 
 WHEREAS, the Lenders have sold the Patents and Patent Applications and other assets (collectively, the “Purchased Assets”) by
public sale to Exar Corporation, a Delaware corporation, having a principal place of business at 48720 Kato Road, Fremont, CA, 94538 (the “Buyer”) by and pursuant to that certain Agreement for Public Sale of Purchased Assets of
FyreStorm, Inc. dated as of January 31, 2008 by and between the Lenders and the Buyer (the “Purchase Agreement”); 
 WHEREAS, capitalized terms used but not defined herein shall have meanings given them in the Purchase Agreement.; 
 NOW,
THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, including the Purchase Price bid at the Public Sale by the Buyer, the receipt and sufficiency of which is hereby acknowledged, the Lenders, through the
Public Sale, do hereby sell, assign, transfer and set over unto the Buyer, its successors and assigns, the Debtor’s and the Lenders’ entire right, title and interest in and to all patents and patent applications, including without
limitation those listed on Schedule A hereto, and any continuation, divisional, continuations-in-part, reissues, extensions, re-examinations or substitutions relating thereto, and any foreign applications based in whole thereon or claiming the
benefit thereof; and any United States or foreign patents issued on any of the foregoing; all 

 
file histories and physical and electronic documentation, including, without limitation, all invention disclosures, prosecution papers, notes, drawings,
reports, flow charts, instructions, manuals, notebooks and memoranda, that directly relate to such patents or patent applications (the foregoing, collectively, the “Patents and Patent Applications”), the same to be held and enjoyed
by the Buyer for its own use and enjoyment, and for the use and enjoyment of its successors, assigns or other legal representatives, to the end of the term or terms for which said patents are or may be granted or reissued, as fully and entirely as
the same would have been held and enjoyed by the Debtor, if this assignment and sale had not been made; together with all rights, credits, judgments, choses in action, rights of set-off and any and all other claims of every type and nature of, for
or arising from or relating to past, present or future infringement or claims for royalties, and any and all other rights to enforce or protect any rights constituting or relating to any of the Patents and Patent Applications, claims for damages by
reason of past, present or future infringement of said patents or for past, present or future royalties or other compensation for such use, with the right to sue for such damages, and collect the same for its own use and enjoyment, and for the use
and enjoyment of its successors, assigns or other legal representatives. 
 AND, the Lenders do hereby authorize and request competent
authorities to issue any Letters Patent as shall be granted upon said patent applications to the Buyer and its successors and assigns. 
 Except for the representations and warranties set forth in Section 3.1 of the Purchase Agreement, which representations and warranties are expressly incorporated herein by reference, (a) the Purchased Assets are being sold
“as is and where is” and the Lenders make no, and hereby disclaim any, representation or warranty to the Buyer with respect to the Purchased Assets or the transactions contemplated hereby, including without limitation any warranty of
merchantability or fitness for a particular purpose, and (b) there is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition. Without limiting the generality of the foregoing, the Lenders make no
representation or warranty, express or implied, as to the validity or utility of the Purchased Assets, the status of any issued patents or registered trademarks or any applications for patents or trademarks, whether transfer documentation executed
by the Lenders and the Buyer is sufficient to transfer title to Intellectual Property registered in foreign jurisdictions, whether the Intellectual Property or any use thereof infringes on the rights of others, whether any intent-to-use trademark
applications are assignable, or whether any license agreements and other contracts are assignable. Further, there is no warranty as to the existence, location or condition of any tangible assets constituting Purchased Assets. 
 [The remainder of this page is intentionally left blank.] 

 IN WITNESS WHEREOF, the Lenders have caused this instrument to be executed by its duly authorized officer this
             day of February, 2008. 
 LENDER: HORIZON TECHNOLOGY FUNDING COMPANY LLC

  

			
		
	By:	 	 
	 Name: Robert D. Pomeroy, Jr.
 Title: Managing
Member

 State of
                        ) 
 County of                     ) ss 
 On this              day of February, 2008, before me appeared Robert D. Pomeroy, to me personally known who, being duly sworn, did depose and say that he is the Managing
Member of HORIZON TECHNOLOGY FUNDING COMPANY LLC, the Delaware limited liability company named in and which executed the foregoing instrument; and that said instrument was signed on behalf of said Delaware limited liability company; and said Robert
D. Pomeroy acknowledged said instrument to be the free and authorized act and deed of said Delaware limited liability company. 
  

	
	
	  
	Notary Public

 My Commission Expires:
                                     

 IN WITNESS WHEREOF, the Lenders have caused this instrument to be executed by its duly authorized officer this
             day of February, 2008. 
 LENDER: SAND HILL VENTURE DEBT III, LLC 

			
		
	By:	 	 
	 Name: Christopher Barber
 Title: Managing
Member

 State of
                    ) 
 County
of                 ) ss 
 On this
             day of February, 2008, before me appeared Christopher Barber, to me personally known who, being duly sworn, did depose and say that he is the Managing Member of SAND
HILL VENTURE DEBT III, LLC, the Delaware limited liability company named in and which executed the foregoing instrument; and that said instrument was signed on behalf of said Delaware limited liability company; and said Christopher Barber
acknowledged said instrument to be the free and authorized act and deed of said Delaware limited liability company. 
  

	
	
	  
	Notary Public

 My Commission Expires:
                                      

 The undersigned FyreStorm, Inc. (a/k/a Fyre Storm, Inc.), hereby acknowledges and consents and agrees to the assignment
and conveyance of the Patents and Patent Applications pursuant to this Assignment of Patents. 
 IN WITNESS WHEREOF, the Debtor has caused this
instrument to be executed by its duly authorized officer this              day of February, 2008. 
 DEBTOR: FYRESTORM, INC. 
  

			
		
	By:	 	 
	 Name:
 Title:
	 	

 State of
                        ) 
 County of                     ) ss 
 On this              day of February, 2008 before me appeared
                    , to me personally known who, being duly sworn, did depose and say that he is the
                     of FYRESTORM, INC., the Delaware corporation named in and which executed the foregoing instrument; and that said
instrument was signed on behalf of said Delaware corporation; and said                      acknowledged said instrument to be the free and
authorized act and deed of said Delaware corporation. 
  

	
	
	  
	Notary Public

 My Commission Expires:
                                     

 EXHIBIT 1.6(iii) 
 ASSIGNMENT OF TRADEMARKS 
 WHEREAS, FyreStorm, Inc. (a/k/a Fyre Storm,
Inc.), a Delaware corporation (the “Debtor”), with its principal place of business located at 255 San Geronimo Way, Sunnyvale, CA, 95085, is the owner of the entire right, title and interest in and to the Trademarks and Trademark
Applications (as defined below); 
 WHEREAS, the Debtor is indebted to Horizon Technology Funding Company LLC, a Delaware limited
liability company (“Horizon”), Sand Hill Venture Debt III, LLC, a Delaware limited liability company (“Sand Hill” and, together with Horizon, the “Lenders”), which hold security interests in
substantially all of the Debtor’s property, including the Trademarks and Trademark Applications; 
 WHEREAS, the Debtor is
currently in default of its obligations to the Lenders pursuant to the terms of a Venture Loan and Security Agreement between the Lenders and the Debtor dated as of August 18, 2006 (as amended, modified, or supplemented from time to time, the
“Loan Agreement”); 
 WHEREAS, the Lenders are entitled to exercise their remedies under the Loan Agreement and
applicable law, including a disposition by public sale of all or part of the Lenders’ collateral pursuant to Sections 9610, 9617 and other applicable sections of the Uniform Commercial Code as presently enacted in the State of California
(including, to the extent applicable, the Uniform Commercial Code as enacted in any other state) (the “Code”), with the proceeds of such sale to be applied as required by the Purchase Agreement (as defined below) and the Code;

 WHEREAS, the Lenders have sold the Trademarks and Trademark Applications and other assets (collectively, the “Purchased
Assets”) by public sale to Exar Corporation, a Delaware corporation, having a principal place of business at 48720 Kato Road, Fremont, CA, 94538 (the “Buyer”) by and pursuant to that certain Agreement for Public Sale of
Purchased Assets of FyreStorm, Inc. dated as of January 31, 2008 by and between the Lenders and the Buyer (the “Purchase Agreement”); 
 NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, including the Purchase Price bid at the Public Sale by the Buyer, the receipt and sufficiency of which is hereby
acknowledged, the Lenders, through the Public Sale, do hereby sell, assign, transfer and set over unto the Buyer, its successors and assigns, the Debtor’s and the Lenders’ entire right, title, and interest in and to all trademarks and
trademark applications of the Debtor, including without limitation those listed on Schedule A hereto, and all file histories and documentation, including, without limitation, all trademark search results, clearance studies and watch notices that
relate to such trademarks and trademark applications, and all associated goodwill associated with any of the foregoing (the foregoing, collectively, the “Trademarks and Trademark Applications”); together with all rights, credits,
judgments, choses in action, rights of 

 
set-off and any and all other claims of every type and nature of, for or arising from or relating to past, present or future infringement, disparagement or
claims for royalties, and any and all other rights to enforce or protect any rights constituting or relating to any of the Trademarks and Trademark Applications, with the right to sue for such damages, and collect the same for its own use and
enjoyment, and for the use and enjoyment of its successors and assigns together with all goodwill of the Debtor in connection with which the aforesaid Trademarks and Trademark Applications have been used. 
 Except for the representations and warranties set forth in Section 3.1 of the Purchase Agreement, which representations and warranties are expressly
incorporated herein by reference, (a) the Purchased Assets are being sold “as is and where is” and the Lenders make no, and hereby disclaim any, representation or warranty to the Buyer with respect to the Purchased Assets or the
transactions contemplated hereby, including without limitation any warranty of merchantability or fitness for a particular purpose, and (b) there is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition.
Without limiting the generality of the foregoing, the Lenders make no representation or warranty, express or implied, as to the validity or utility of the Purchased Assets, the status of any issued patents or registered trademarks or any
applications for patents or trademarks, whether transfer documentation executed by the Lenders and the Buyer is sufficient to transfer title to Intellectual Property registered in foreign jurisdictions, whether the Intellectual Property or any use
thereof infringes on the rights of others, whether any intent-to-use trademark applications are assignable, or whether any license agreements and other contracts are assignable. Further, there is no warranty as to the existence, location or
condition of any tangible assets constituting Purchased Assets. 
 [The remainder of this page is intentionally left blank.]

 IN WITNESS WHEREOF, the Lenders have caused this instrument to be executed by its duly authorized officer this
             day of February, 2008. 
 LENDER: HORIZON TECHNOLOGY FUNDING COMPANY LLC

  

			
		
	By:	 	 
	 Name: Robert D. Pomeroy, Jr.
 Title: Managing
Member

 State of
                        ) 
 County of                     ) ss 
 On this              day of February, 2008, before me appeared Robert D. Pomeroy, to me personally known who, being duly sworn, did depose and say
that he is the Managing Member of HORIZON TECHNOLOGY FUNDING COMPANY LLC, the Delaware limited liability company named in and which executed the foregoing instrument; and that said instrument was signed on behalf of said Delaware limited liability
company; and said Robert D. Pomeroy acknowledged said instrument to be the free and authorized act and deed of said Delaware limited liability company. 
  

	
	
	  
	Notary Public

 My Commission Expires:
                                      

 IN WITNESS WHEREOF, the Lenders have caused this instrument to be executed by its duly authorized officer this
             day of February, 2008. 
 LENDER: SAND HILL VENTURE DEBT III, LLC 

 

			
		
	By:	 	 
	 Name: Christopher Barber
 Title: Managing
Member

 State of
                        ) 
 County of                     ) ss 
 On this              day of February, 2008, before me appeared Christopher Barber, to me personally known who, being duly sworn, did depose and say
that he is the Managing Member of SAND HILL VENTURE DEBT III, LLC, the Delaware limited liability company named in and which executed the foregoing instrument; and that said instrument was signed on behalf of said Delaware limited liability company;
and said Christopher Barber acknowledged said instrument to be the free and authorized act and deed of said Delaware limited liability company. 
  

	
	
	  
	Notary Public

 My Commission Expires:
                                     

 The undersigned FyreStorm, Inc. (a/k/a Fyre Storm, Inc.), hereby acknowledges and consents and agrees to the assignment
and conveyance of the Trademarks and Trademark Applications pursuant to this Assignment of Trademarks. 
 IN WITNESS WHEREOF, the Debtor has caused
this instrument to be executed by its duly authorized officer this              day of February, 2008. 
 DEBTOR: FYRESTORM, INC. 
  

			
		
	By:	 	 
	 Name:
 Title:

 State of
                        ) 
 County of                     ) ss 
 On this              day of February, 2008 before me appeared
                    , to me personally known who, being duly sworn, did depose and say that he is the
                     of FYRESTORM, INC., the Delaware corporation named in and which executed the foregoing instrument; and that said
instrument was signed on behalf of said Delaware corporation; and said                      acknowledged said instrument to be the free and
authorized act and deed of said Delaware corporation. 
  

	
	
	  
	Notary Public

 My Commission Expires:Indenture

 Exhibit 4.1 
  
  
  
 PETROLEUM DEVELOPMENT CORPORATION 
 AND 
 THE BANK OF NEW YORK 
 Trustee 
  
  
 INDENTURE 
 DATED AS OF FEBRUARY 8, 2008 
  
  
 SENIOR DEBT SECURITIES 

  
  
  

 PETROLEUM DEVELOPMENT CORPORATION 
 RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF 1939, AS AMENDED, 
 AND
INDENTURE, DATED AS OF FEBRUARY 8, 2008 
  

			
	 TRUST INDENTURE ACT SECTION
	  	 INDENTURE SECTION

	 Section 310(a)(1)
	  	6.9
	         (a)(2)
	  	6.9
	         (a)(3)
	  	Not Applicable
	         (a)(4)
	  	Not Applicable
	         (a)(5)
	  	6.9
	         (b)
	  	6.8
		
	 Section 311
	  	6.13
		
	 Section 312(a)
	  	7.1, 7.2(a)
	         (b)
	  	7.2(b)
	         (c)
	  	7.2(c)
		
	 Section 313(a)
	  	7.3
	         (b)
	  	*
	         (c)
	  	*
	         (d)
	  	7.3
		
	 Section 314(a)
	  	7.4
	         (a)(4)
	  	10.5
	         (b)
	  	Not Applicable
	         (c)(1)
	  	1.3
	         (c)(2)
	  	1.3
	         (c)(3)
	  	Not Applicable
	         (d)
	  	Not Applicable
	         (e)
	  	1.3
		
	 Section 315(a)
	  	6.1(a)
	         (b)
	  	6.2
	         (c)
	  	6.1(b)
	         (d)
	  	6.1(c)
	         (d)(1)
	  	6.1(a)(1)
	         (d)(2)
	  	6.1(c)(2)
	         (d)(3)
	  	6.1(c)(3)
	         (e)
	  	5.14
		
	 Section 316(a)
	  	1.1, 1.2
	         (a)(1)(A)
	  	5.2, 5.12
	         (a)(1)(B)
	  	5.13
	         (a)(2)
	  	Not Applicable
	         (b)
	  	5.8
	         (c)
	  	1.5(f)

			
	 TRUST INDENTURE ACT SECTION
	  	 INDENTURE SECTION

	 Section 317(a)(1)
	  	5.3
	         (a)(2)
	  	5.4
	         (b)
	  	10.3
		
	 Section 318(a)
	  	1.8

 NOTE: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

 

	*	Deemed included pursuant to Section 318(c) of the Trust Indenture Act 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	1
	        Section 1.1.	  	Definitions	  	1
	        Section 1.2.	  	Rules of Construction; Incorporation by Reference of Trust Indenture Act	  	8
	        Section 1.3.	  	Compliance Certificates and Opinions	  	9
	        Section 1.4.	  	Form of Documents Delivered to Trustee	  	9
	        Section 1.5.	  	Acts of Holders; Record Dates	  	10
	        Section 1.6.	  	Notices, Etc., to Trustee, Company and Guarantors	  	11
	        Section 1.7.	  	Notice to Holders; Waiver	  	12
	        Section 1.8.	  	Conflict with Trust Indenture Act	  	12
	        Section 1.9.	  	Effect of Headings and Table of Contents	  	12
	        Section 1.10.	  	Successors and Assigns	  	13
	        Section 1.11.	  	Separability Clause	  	13
	        Section 1.12.	  	Benefits of Indenture	  	13
	        Section 1.13.	  	Governing Law	  	13
	        Section 1.14.	  	Legal Holidays	  	13
	        Section 1.15.	  	Securities in a Composite Currency, Currency Unit or Foreign Currency	  	13
	        Section 1.16.	  	Payment in Required Currency; Judgment Currency	  	14
	        Section 1.17.	  	Language of Notices, Etc.	  	14
	        Section 1.18.	  	No Personal Liability of Directors, Officers, Employees and Stockholders	  	14
		
	ARTICLE TWO SECURITY FORMS	  	15
	        Section 2.1.	  	Forms Generally	  	15
	        Section 2.2.	  	Form of Face of Security	  	15
	        Section 2.3.	  	Form of Reverse of Security	  	17
	        Section 2.4.	  	Global Securities	  	22
	        Section 2.5.	  	Form of Trustee’s Certificate of Authentication	  	23
		
	ARTICLE THREE THE SECURITIES	  	23
	        Section 3.1.	  	Amount Unlimited; Issuable in Series	  	23
	        Section 3.2.	  	Denominations	  	25
	        Section 3.3.	  	Execution, Authentication, Delivery and Dating	  	25
	        Section 3.4.	  	Temporary Securities	  	27
	        Section 3.5.	  	Registration, Registration of Transfer and Exchange	  	27
	        Section 3.6.	  	Mutilated, Destroyed, Lost and Stolen Securities	  	30
	        Section 3.7.	  	Payment of Interest; Interest Rights Preserved	  	31
	        Section 3.8.	  	Persons Deemed Owners	  	32
	        Section 3.9.	  	Cancellation	  	32
	        Section 3.10.	  	Computation of Interest	  	32
	        Section 3.11.	  	CUSIP or CINS Numbers	  	33
		
	ARTICLE FOUR SATISFACTION AND DISCHARGE	  	33
	        Section 4.1.	  	Satisfaction and Discharge of Indenture	  	33
	        Section 4.2.	  	Application of Trust Money	  	34
		
	ARTICLE FIVE REMEDIES	  	34
	        Section 5.1.	  	Events of Default	  	34
	        Section 5.2.	  	Acceleration of Maturity; Rescission and Annulment	  	35

  

 i 

					
	         Section 5.3.
	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	36
	         Section 5.4.
	  	Trustee May File Proofs of Claim	  	37
	         Section 5.5.
	  	Trustee May Enforce Claims Without Possession of Securities	  	37
	         Section 5.6.
	  	Application of Money Collected	  	37
	         Section 5.7.
	  	Limitation on Suits	  	38
	         Section 5.8.
	  	Unconditional Right of Holders to Receive Principal, Premium and Interest	  	38
	         Section 5.9.
	  	Restoration of Rights and Remedies	  	39
	         Section 5.10.
	  	Rights and Remedies Cumulative	  	39
	         Section 5.11.
	  	Delay or Omission Not Waiver	  	39
	         Section 5.12.
	  	Control by Holders	  	39
	         Section 5.13.
	  	Waiver of Past Defaults	  	39
	         Section 5.14.
	  	Undertaking for Costs	  	40
	         Section 5.15.
	  	Waiver of Stay, Extension or Usury Laws	  	40
		
	 ARTICLE SIX THE TRUSTEE
	  	41
	         Section 6.1.
	  	Certain Duties and Responsibilities	  	41
	         Section 6.2.
	  	Notice of Defaults	  	42
	         Section 6.3.
	  	Certain Rights of Trustee	  	42
	         Section 6.4.
	  	Not Responsible for Recitals or Issuance of Securities	  	44
	         Section 6.5.
	  	May Hold Securities	  	44
	         Section 6.6.
	  	Money Held in Trust	  	44
	         Section 6.7.
	  	Compensation and Reimbursement	  	44
	         Section 6.8.
	  	Disqualification; Conflicting Interests	  	45
	         Section 6.9.
	  	Corporate Trustee Required; Eligibility	  	45
	         Section 6.10.
	  	Resignation and Removal; Appointment of Successor	  	45
	         Section 6.11.
	  	Acceptance of Appointment by Successor	  	47
	         Section 6.12.
	  	Merger, Conversion, Consolidation or Succession to Business	  	48
	         Section 6.13.
	  	Preferential Collection of Claims Against Company	  	48
	         Section 6.14.
	  	Appointment of Authenticating Agent	  	48
		
	 ARTICLE SEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	50
	         Section 7.1.
	  	Company to Furnish Trustee Names and Addresses of Holders	  	50
	         Section 7.2.
	  	Preservation of Information; Communications to Holders	  	50
	         Section 7.3.
	  	Reports by Trustee	  	51
	         Section 7.4.
	  	Reports by Company	  	51
		
	 ARTICLE EIGHT CONSOLIDATION, AMALGAMATION, MERGER AND SALE
	  	52
	         Section 8.1.
	  	Company May Consolidate, Etc., Only on Certain Terms	  	52
	         Section 8.2.
	  	Successor Substituted	  	52
		
	 ARTICLE NINE AMENDMENT, SUPPLEMENT AND WAIVER
	  	53
	         Section 9.1.
	  	Without Consent of Holders	  	53
	         Section 9.2.
	  	With Consent of Holders	  	54
	         Section 9.3.
	  	Execution of Supplemental Indentures	  	56
	         Section 9.4.
	  	Effect of Supplemental Indentures	  	56
	         Section 9.5.
	  	Conformity with Trust Indenture Act	  	56
	         Section 9.6.
	  	Reference in Securities to Supplemental Indentures	  	56
	         Section 9.7.
	  	Revocation and Effect of Consents	  	56
	         Section 9.8.
	  	Notation on or Exchange of Securities	  	57

  

 ii 

					
	 ARTICLE TEN COVENANTS
	  	57
	         Section 10.1.
	  	Payment of Principal, Premium and Interest	  	57
	         Section 10.2.
	  	Maintenance of Office or Agency	  	57
	         Section 10.3.
	  	Money for Securities Payments to Be Held in Trust	  	57
	         Section 10.4.
	  	Existence	  	58
	         Section 10.5.
	  	Statement by Officers as to Default	  	59
	         Section 10.6.
	  	Additional Amounts	  	59
		
	 ARTICLE ELEVEN REDEMPTION OF SECURITIES
	  	60
	         Section 11.1.
	  	Applicability of Article	  	60
	         Section 11.2.
	  	Election to Redeem; Notice to Trustee	  	60
	         Section 11.3.
	  	Selection by Trustee of Securities to Be Redeemed	  	60
	         Section 11.4.
	  	Notice of Redemption	  	61
	         Section 11.5.
	  	Deposit of Redemption Price	  	61
	         Section 11.6.
	  	Securities Payable on Redemption Date	  	61
	         Section 11.7.
	  	Securities Redeemed in Part	  	62
		
	 ARTICLE TWELVE SINKING FUNDS
	  	62
	         Section 12.1.
	  	Applicability of Article	  	62
	         Section 12.2.
	  	Satisfaction of Sinking Fund Payments with Securities	  	62
	         Section 12.3.
	  	Redemption of Securities for Sinking Fund	  	62
		
	 ARTICLE THIRTEEN DEFEASANCE
	  	63
	         Section 13.1.
	  	Option to Effect Legal Defeasance or Covenant Defeasance	  	63
	         Section 13.2.
	  	Legal Defeasance and Discharge	  	63
	         Section 13.3.
	  	Covenant Defeasance	  	64
	         Section 13.4.
	  	Conditions to Legal or Covenant Defeasance	  	64
	         Section 13.5.
	  	Deposited Money and Government Securities to be Held in Trust, Other Miscellaneous Provisions	  	65
	         Section 13.6.
	  	Repayment	  	66
	         Section 13.7.
	  	Reinstatement	  	66
		
	 ARTICLE FOURTEEN GUARANTEE OF SECURITIES
	  	66
	         Section 14.1.
	  	Securities Guarantee	  	66
	         Section 14.2.
	  	Limitation on Guarantor Liability	  	68
	         Section 14.3.
	  	Execution and Delivery of Securities Guarantee Notation	  	68

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

 iii 

 PARTIES 
 INDENTURE, dated as of February 8, 2008, between PETROLEUM DEVELOPMENT CORPORATION, a corporation duly organized and existing under the laws of the State of Nevada (herein called the “Company”),
and THE BANK OF NEW YORK, a New York banking corporation, as trustee (the “Trustee”). 
 RECITALS 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 senior debentures, notes or other evidences of indebtedness (herein called the “Securities”), which may but are not required to be guaranteed by the Guarantors, to be issued in one or more series as provided in this
Indenture. 
 All things necessary to make this Indenture a valid agreement of the Company and of the Guarantors (if applicable), in
accordance with its terms, have been done. 
 This Indenture is subject to the provisions of the Trust Indenture Act that are required to be
a part of this Indenture and, to the extent applicable, shall be governed by such provisions. 
 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 series thereof, as follows: 
 ARTICLE ONE 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.1. Definitions. 
 For all purposes of this Indenture, except as otherwise expressly
provided or unless the context otherwise requires: 
 “Act”, when used with respect to any Holder, has the meaning specified
in Section 1.5. 
 “Additional Defeasible Provision” means a covenant or other provision contained that is
(a) made part of this Indenture pursuant to a supplemental indenture hereto, a Board Resolution or an Officers’ Certificate delivered pursuant to Section 3.1, and (b) pursuant to the terms set forth in such supplemental
indenture, Board Resolution or Officers’ Certificate, made subject to the provisions of Article Thirteen. 
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition,
“control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting
securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” have correlative meanings. 
 “Authenticating Agent” means any Person authorized by the Trustee to act on behalf of the Trustee to authenticate Securities.

 “Bankruptcy Law” means any applicable Federal or State bankruptcy, insolvency,
reorganization or other similar law. 
 “Board of Directors” means: 
 (1) with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on behalf of
such board; 
 (2) with respect to a partnership, the board of directors of the general partner of the partnership;

 (3) with respect to a limited liability company, the managers or managing member or members of such limited liability
company (as applicable) or any duly authorized committee of managers or managing members (as applicable) thereof; and 
 (4)
with respect to any other Person, the board of directors or duly authorized committee of such Person serving a similar function. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company, the principal financial officer of the Company or a Guarantor, any other authorized officer of the Company
or a Guarantor, or a person duly authorized by any of them, in each case as applicable, 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. Where any
provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including the establishment of any series of the Securities and the forms and terms thereof), such action may be taken by any committee, officer or employee of
the Company or a Guarantor, as applicable, authorized to take such action by the Board of Directors as evidenced by a Board Resolution. 
 “Business Day”, when used with respect to any Place of Payment or other location, means, except as otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment or other location are authorized or obligated by law, executive order or regulation to close. 
 “Capital Stock” means: 
 (1) in the case of a corporation, corporate stock; 
 (2) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company, partnership interests (whether general or limited) or membership interests; and 
 (4) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing
any debt securities convertible into Capital Stock, regardless of whether such debt securities include any right of participation with Capital Stock. 
 “CINS” means CUSIP International Numbering System. 
  

 2 

 “Code” means the United States Internal Revenue Code of 1986, as amended. 
 “Company” means the Person named as the “Company” in the first paragraph of this instrument until a successor or resulting
Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor or resulting Person. 
 “Company Request” or “Company Order” means, in the case of the Company, a written request or order signed in the name of the Company by its Chairman of the Board, its Chief Executive
Officer, its President, any of its Vice Presidents or any other duly authorized officer of the Company or any person duly authorized by any of them, and delivered to the Trustee and, in the case of a Guarantor, a written request or order signed in
the name of such Guarantor by its Chairman of the Board, its Chief Executive Officer, its President, any of its Vice Presidents or any other duly authorized officer of such Guarantor or any person duly authorized by any of them, and delivered to the
Trustee. 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust
business shall be principally administered, which office at the date of the execution of this instrument is located at 101 Barclay Street, 8W, New York, New York 10286, Attention: Corporate Trust Division—Corporate Finance Unit, or such other
address as the Trustee may designate from time to time by notice to the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the
Company). 
 “Covenant Defeasance” has the meaning specified in Section 13.3. 
 “CUSIP” means the Committee on Uniform Securities Identification Procedures. 
 “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 “Debt” means any obligation created or assumed by any Person for the repayment of money borrowed and any purchase money obligation
created or assumed by such Person and any guarantee of the foregoing. 
 “Default” means, with respect to a series of
Securities, any event that is, or after notice or lapse of time or both would be, an Event of Default. 
 “Defaulted
Interest” has the meaning specified in Section 3.7. 
 “Definitive Security” means a security other than a
Global Security or a temporary Security. 
 “Depositary” means, with respect to the Securities of any series issuable or
issued in whole or in part in the form of one or more Global Securities, a clearing agency registered under the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 3.1, until a successor
Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter shall mean or include each Person which is a Depositary hereunder, and if at any time there is more than one such Person, shall be a collective
reference to such Persons. 
 “Dollar” or “$” means the coin or currency of the United States of America,
which at the time of payment is legal tender for the payment of public and private debts. 
 “Event of Default” has the
meaning specified in Section 5.1. 
  

 3 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Foreign Currency” means a currency used by the government of a country other than the United States of America. 
 “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of
the American Institute of Certified Public Accountants, the opinions and pronouncements of the Public Company Accounting Oversight Board and in the statements and pronouncements of the Financial Accounting Standards Board or in such other statements
by such other entity as have been approved by a significant segment of the accounting profession, which are in effect from time to time. All ratios and computations based on GAAP contained in this Indenture will be computed in conformity with GAAP.

 “Global Security” means a Security in global form that evidences all or part of a series of Securities and is
authenticated and delivered to, and registered in the name of, the Depositary for the Securities of such series or its nominee. 
 “Government Securities” means direct obligations of, or obligations guaranteed by, the United States of America, and the payment for which the United States pledges its full faith and credit. 
 “Guarantor” means each Person that becomes a guarantor of any Securities pursuant to the applicable provisions of this Indenture
(including any provisions that become a part of this Indenture pursuant to any supplemental indenture). 
 “Holder” means a
Person in whose name a Security is registered in the Security Register. 
 “Indenture” means this instrument as originally
executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument, and any such supplemental
indenture, the provisions of the Trust Indenture Act that are deemed to be part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” also shall include the terms of particular series of
Securities established as contemplated by Section 3.1. 
 “Interest Payment Date”, when used with respect to any
Security, means the Stated Maturity of an installment of interest on such Security. 
 “Judgment Currency” has the meaning
specified in Section 1.16. 
 “Legal Defeasance” has the meaning specified in Section 13.2. 
 “Mandatory Sinking Fund Payment” has the meaning specified in Section 12.1. 
 “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 therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Notice of Default” with respect to Securities of any series, means a written notice by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of
at least 25% in principal amount of the Outstanding Securities of that series, specifying a default or breach hereunder and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder. 
  

 4 

 “Officer” means, in the case of the Company, the Chairman of the Board, the Chief
Executive Officer, the President, the Chief Financial Officer, any Vice President, the Treasurer or the Secretary of the Company and, in the case of any Guarantor, the Chairman of the Board, the Chief Executive Officer, the President, the Chief
Financial Officer, any Vice President, the Treasurer or the Secretary of such Guarantor. 
 “Officers’ Certificate”
means, in the case of the Company, a certificate signed by two Officers or by an Officer and either an Assistant Treasurer or an Assistant Secretary of the Company and, in the case of any Guarantor, a certificate signed by two Officers or by an
Officer and either an Assistant Treasurer or an Assistant Secretary of such Guarantor. 
 “Opinion of Counsel” means a
written opinion of legal counsel, who may be an employee of or counsel for the Company or a Guarantor, as the case may be, and who shall be reasonably acceptable to the Trustee. 
 “Optional Sinking Fund Payment” has the meaning specified in Section 12.1. 
 “Original Issue 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 5.2. “Interest”, when used with respect to an Original Issue Discount Security which by its terms bears interest only after Maturity, means
interest payable after Maturity. 
 “Outstanding”, when used with respect to Securities, means, as of the date of
determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (a) Securities
theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
 (b) Securities for whose payment or
redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for
the Holders of such Securities; provided, however, that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made;

 (c) Securities which have been paid pursuant to Section 3.6 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 that such Securities are held by a bona fide purchaser in
whose hands such Securities are valid obligations of the Company; and 
 (d) Securities, except to the extent provided in
Section 13.2 and Section 13.3, with respect to which the Company has effected Legal Defeasance or Covenant Defeasance as provided in Article Thirteen, which Legal Defeasance or Covenant Defeasance then continues in effect; 

provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given any request,
demand, authorization, direction, notice, consent or waiver hereunder, (i) the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding shall be the amount of the principal thereof that would be due and
payable as of the date of such determination upon acceleration of the Maturity thereof on such date pursuant to Section 5.2, 

  

 5 

 
(ii) the principal amount of a Security denominated in one or more currencies or currency units other than U.S. dollars shall be the U.S. dollar
equivalent of such currencies or currency units, determined in the manner provided as contemplated by Section 3.1 on the date of original issuance of such Security or by Section 1.15, if not otherwise so provided pursuant to
Section 3.1, of the principal amount (or, in the case of an Original Issue Discount Security, the U.S. dollar equivalent (as so determined) on the date of original issuance of such Security of the amount determined as provided in clause
(i) above) of such Security, and (iii) Securities owned by the Company, any Guarantor or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee actually knows to be so
owned shall be so disregarded. Securities so owned as described in clause (iii) of the immediately preceding sentence 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 to act with respect to such Securities and that the pledgee is not the Company, a Guarantor or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor. 
 “Paying Agent” means any Person authorized by the Company to pay the principal of and any premium or interest on any Securities on
behalf of the Company. 
 “Periodic Offering” means an offering of Securities of a series from time to time, the specific
terms of which Securities, including, without limitation, the rate or rates of interest or formula for determining the rate or rates of interest thereon, if any, the Stated Maturity or Stated Maturities thereof, the original issue date or dates
thereof, the redemption provisions, if any, with respect thereto, and any other terms specified as contemplated by Section 3.1 with respect thereto, are to be determined by the Company upon the issuance of such Securities. 
 “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated
organization, limited liability company, government or any agency or political subdivision thereof or any other entity. 
 “Place of
Payment”, when used with respect to the Securities of any series, means, unless otherwise specifically provided for with respect to such series as contemplated by Section 3.1, the office or agency of the Company and such other place or
places where, subject to the provisions of Section 10.2, the principal of and any premium and interest on the Securities of that series are payable as contemplated by Section 3.1. 
 “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 3.6 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed 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 3.1. 
  

 6 

 “Required Currency” has the meaning specified in Section 1.16. 
 “Responsible Officer” means, with respect to the Trustee, any officer assigned to the Corporate Trust Division—Corporate Finance
Unit (or any successor division or unit) of the Trustee located at the Corporate Trust Office of the Trustee, who shall have direct responsibility for the administration of this Indenture, and for the purposes of Section 6.1(c)(ii) shall also
include any other officer of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 
 “SEC” means the Securities and Exchange Commission. 
 “Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture. 
 “Securities Guarantee” means each guarantee of the obligations of the Company under this Indenture and the Securities by a Guarantor in
accordance with the provisions hereof. 
 “Security Register” and “Security Registrar” have the respective
meanings specified in Section 3.5. 
 “Special Record Date” for the payment of any Defaulted Interest means a date
fixed by the Trustee pursuant to Section 3.7. 
 “Stated Maturity”, when used with respect to any Security or any
installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 
 “Subsidiary” means, with respect to any specified Person: 
 (1) any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock
entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees of the
corporation, association or other business entity is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 
 (2) any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such
Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination thereof). 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as in force at the date as of which this instrument was executed, except as provided in Section 9.5; provided, however, that if the
Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall
have become such 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 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. “corporation” when used in reference to the 

  

 7 

 
Trustee or any prospective Trustee, shall include any corporation, company, association, partnership, limited partnership, limited liability company,
joint-stock company and trust, in each case, satisfying the requirements of Section 310(a)(1) of the Trust Indenture Act. 
 “U.S. Person” shall have the meaning assigned to such term in Section 7701(a)(30) of the Code. 
 “Vice President”, when used with respect to the Company, a Guarantor or the Trustee, means any vice president, regardless of whether designated by a number or a word or words added before or after the title “vice
president”. 
 Section 1.2. Rules of Construction; Incorporation by Reference of Trust Indenture Act. 
 (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 in this Indenture that are defined in the Trust Indenture Act, defined by a Trust Indenture Act
reference to another statute or defined by an SEC rule under the Trust Indenture Act have the meanings so assigned to them; 
 (c) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP; 
 (d) 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; 
 (e) “or” is not exclusive; 
 (f) “will” shall be interpreted to express a command; 
 (g) provisions apply
to successive events and transactions; 
 (h) references to sections of or rules under the Securities Act will be deemed to
include substitute, replacement of successor sections or rules adopted by the SEC from time to time; 
 (i) the words
“Article” and “Section” refer to an Article and Section, respectively, of this Indenture; and 
 (j) the word “includes” and its derivatives means “includes, but is not limited to” and corresponding derivative definitions. 
 Certain terms, used principally in Article Six, are defined in that Article. 
 Whenever this Indenture
refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in and made a part of this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings: 
 “indenture securities” means the Securities. 
 “indenture security holder” means a Holder. 
  

 8 

 “indenture to be qualified” means this Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the Securities means the Company, any Guarantor (if applicable) or any other obligor on the Securities. 
 All other terms used in this Indenture that are defined by the Trust Indenture Act, defined by a Trust Indenture Act reference to another statute or
defined by an SEC rule under the Trust Indenture Act have the meanings so assigned to them. 
 Section 1.3. Compliance Certificates and Opinions.

 Upon any application or request by the Company or a Guarantor to the Trustee to take any action under any provision of this Indenture, the
Company or such Guarantor, as the case may be, shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an
Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically
required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished except as required under Section 314(c) of the Trust Indenture Act. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except for certificates provided for
in Section 10.5) shall include: 
 (a) a statement that each individual 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 individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether such covenant or condition has been complied with; and 
 (d) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 Section 1.4. Form of Documents Delivered to Trustee. 
 In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that
they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to
such matters in one or several documents. 
 Any certificate or opinion of an Officer of the Company or a Guarantor 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 

  

 9 

 
representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be
based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Officer or Officers of the Company or a Guarantor, as the case may be, stating that the information with respect to such factual matters is
in the possession of the Company or such Guarantor, as the case may be, unless such counsel knows 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. 
 Section 1.5. Acts of Holders; Record Dates.

 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be
given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed (either physically or by means of a facsimile or an electronic transmission, provided that such electronic
transmission is transmitted through the facilities of a Depositary) by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or
instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company or the Guarantors. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the
“Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 315
of the Trust Indenture Act) conclusive in favor of the Trustee, the Company and, if applicable, the Guarantors, if made in the manner provided in this Section. 
 (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. 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. The fact and date of the execution of any such instrument or writing, or the authority of
the Person executing the same, may also be proved in any other manner which the Trustee deems sufficient. 
 (c) The
ownership, principal amount and serial numbers of Securities held by any Person, and the date of commencement of such Person’s holding of same, shall be proved by the Security Register. 
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Security 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, the Company
or, if applicable, the Guarantors in reliance thereon, regardless of whether notation of such action is made upon such Security. 
 (e) Without limiting the foregoing, a Holder entitled to give or take any action hereunder with regard to any particular Security may do so with regard to all or any part of the principal amount of such Security or by one or more duly
appointed agents each of which may do so pursuant to such appointment with regard to all or any different part of such principal amount. 
  

 10 

 (f) The Company may set any day as the record date for the purpose of determining the
Holders of Outstanding Securities of any series entitled to give or take any request, demand, authorization, direction, notice, consent, waiver or other Act provided or permitted by this Indenture to be given or taken by Holders of Securities of
such series, but the Company shall have no obligation to do so. With regard to any record date set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date (or their duly appointed agents), and
only such Persons, shall be entitled to give or take the relevant action, regardless of whether such Holders remain Holders after such record date. 
 Section 1.6. Notices, Etc., to Trustee, Company and Guarantors. 
 (a) Any notice or communication by the
Company, any of the Guarantors or the Trustee to the others shall be in writing and delivered in Person or mailed by first class mail (registered or certified, return receipt requested), telecopier or overnight air courier guaranteeing next day
delivery, to the others’ address: 
 If to the Company and/or any Guarantor: 
  

	 	c/o	Petroleum Development Corporation 

 120 Genesis Boulevard

 Bridgeport, West Virginia 26330 
 Facsimile: (304) 842-0913 
 Attention: General Counsel 
 If to the Trustee: 
 The Bank
of New York 
 101 Barclay Street, 8W 
 New York, New York 10286 
 Facsimile: (212) 815-5704 
 Attention: Corporate Trust Division—Corporate Finance Unit 
 (b) The Company, the Guarantors or the Trustee, by notice to the others, may designate additional or different addresses for subsequent
notices or communications. 
 (c) All notices and communications (other than those sent to Holders) shall be deemed to have
been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next Business Day after timely delivery to
the courier, if sent by overnight air courier guaranteeing next day delivery, except in the case of notices or communications given to the Trustee, which shall be effective only upon actual receipt by the Trustee at its Corporate Trust Office.

 (d) Except as set forth above, if a notice or communication is mailed or couriered in the manner provided above within the
time prescribed, it is duly given, whether or not the addressee receives it. 
  

 11 

 (e) If the Company mails a notice or communication to Holders, it will mail a copy to the
Trustee and any Securities Registrar, co-registrar, Paying Agent or additional paying agent at the same time. 
 (f) The
Trustee shall have the right, but shall not be required, to rely upon and comply with instructions and directions sent by e-mail, facsimile and other similar unsecured electronic methods by persons believed by the Trustee to be authorized to give
instructions and directions on behalf of the Company or any Guarantor. The Trustee shall have no duty or obligation to verify or confirm that the person who sent such instructions or directions is, in fact, a person authorized to give instructions
or directions on behalf of the Company or such Guarantor; and the Trustee shall have no liability for any losses, liabilities, costs or expenses incurred or sustained by the Company or such Guarantor as a result of such reliance upon or compliance
with such instructions or directions. The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on
unauthorized instructions, and the risk of interception and misuse by third parties. 
 Section 1.7. Notice to Holders; Waiver. 
 Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of
such notice. In any case where notice to Holders 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 mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder, regardless of whether such Holder actually receives such notice. 
 Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before
or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such
waiver. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such
notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
 Section 1.8. Conflict with Trust Indenture Act. 
 If any provision hereof limits, qualifies or conflicts with a
provision of the Trust Indenture Act that is required under such Act to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that
may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or excluded, as the case may be. 
 Section 1.9. Effect of Headings and Table of Contents. 
 The Article and Section headings, Cross-Reference Table and the
Table of Contents herein are for convenience or reference only and will in no way modify or restrict any of the terms or provisions hereof and shall not affect the construction hereof. 
  

 12 

 Section 1.10. Successors and Assigns. 
 All covenants and agreements in this Indenture by each of the Company and the Guarantors shall bind their respective successors and assigns, whether so
expressed or not. All agreements of the Trustee in this Indenture will bind its successors. 
 Section 1.11. Separability Clause. 
 In case any provision in this Indenture or in the Securities or, if applicable, the Securities Guarantee shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 1.12. Benefits of
Indenture. 
 Nothing in this Indenture or in the Securities or, if applicable, the Securities Guarantee, express or implied, shall give
to any Person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 1.13. Governing Law. 
 THIS INDENTURE, THE SECURITIES AND THE SECURITIES GUARANTEE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 1.14. 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 or, if applicable, the Securities Guarantee (other than a provision of the Securities of any series or, if applicable, the Securities Guarantee that specifically states that
such provision shall apply in lieu of this Section 1.14)) payment of interest or principal and any premium 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 as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, provided that no interest shall accrue on such payment for the intervening period. 
 Section 1.15. Securities in a Composite Currency, Currency Unit or Foreign Currency. 
 Unless otherwise specified in an Officers’ Certificate delivered pursuant to Section 3.1 of this Indenture with respect to a particular series
of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all series or all series affected by a particular action at the time Outstanding
and, at such time, there are Outstanding Securities of any series which are denominated in a coin, currency or currencies other than Dollars (including, but not limited to, any composite currency, currency units or Foreign Currency), then the
principal amount of Securities of such series which shall be deemed to be Outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate. For purposes of this
Section 1.15, the term “Market Exchange Rate” shall mean the noon Dollar buying rate in The City of New York for cable transfers of such currency or currencies as published by the Federal Reserve Bank of New York, as of the
most recent available date. If such Market Exchange Rate is not so available for any reason with respect to such currency, the Trustee shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank of

  

 13 

 
New York as of the most recent available date, or quotations or rates of exchange from one or more major banks in The City of New York or in the country
of issue of the currency in question, which for purposes of euros shall be Brussels, Belgium, or such other quotations or rates of exchange as the Trustee shall deem appropriate. The provisions of this paragraph shall apply in determining the
equivalent principal amount in respect of Securities of a series denominated in a currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture. 
 All decisions and determinations of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the preceding
paragraph shall be in its sole discretion and without liability on its part, and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Issuer and all Holders.

 Section 1.16. Payment in Required Currency; Judgment Currency. 
 Each of the Company and the Guarantors agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert
the sum due in respect of the principal of or interest on the Securities of any series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange
used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such
day is not a Business Day, then, to the extent permitted by applicable law, the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency
with the Judgment Currency on the Business Day next preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or
satisfied by any tender, or any recovery pursuant to any judgment (regardless of whether entered in accordance with subclause (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in
the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the
Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under
this Indenture. 
 Section 1.17. Language of Notices, Etc. 
 Any request, demand, authorization, direction, notice, consent, waiver or Act required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official
language of the country of publication. 
 Section 1.18. No Personal Liability of Directors, Officers, Employees and Stockholders. 
 No past, present or future director, officer, employee, incorporator, stockholder, member, manager or partner of the Company or any Guarantor, as such,
will have any liability for any obligations of the Company or the Guarantors under the Securities, this Indenture, the Securities Guarantees, if applicable, or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder of Securities by accepting a Security waives and releases all such liability. Such waiver and release are part of the consideration for issuance of the Securities. 
  

 14 

 ARTICLE TWO 
 SECURITY FORMS 
 Section 2.1. Forms Generally. 
 The Securities of each series and, if applicable, the notation thereon relating to the Securities Guarantee, shall be in substantially the form set forth
in this Article Two, or in such other form or forms as shall be established by or pursuant to a Board Resolution and set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures
supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have 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 and, if applicable, the Securities Guarantee, as evidenced
by their execution thereof. 
 The definitive Securities shall be printed, lithographed or engraved on steel engraved borders or may be
produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution thereof. If the form of Securities of any series is established by action taken pursuant to a Board Resolution, a copy of an
appropriate record of such action shall be certified by an authorized officer or other authorized person on behalf of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 3.3 for the
authentication and delivery of such Securities. 
 The forms of Global Securities of any series shall have such provisions and legends as are
customary for Securities of such series in global form, including without limitation any legend required by the Depositary for the Securities of such series. 
 Section 2.2. Form of Face of Security. 
 [If the Security is an Original Issue Discount Security, insert—FOR PURPOSES OF
SECTION 1275 OF THE UNITED STATES INTERNAL REVENUE CODE OF 1986, AS AMENDED, THE AMOUNT OF THE ORIGINAL ISSUE DISCOUNT IS . . . . . . . ., THE ISSUE DATE IS . . . . . ., 20. . . [AND] [,] THE YIELD TO MATURITY IS . . . . . . . . [,] [AND THE
ORIGINAL ISSUE DISCOUNT FOR THE SHORT ACCRUAL PERIOD IS . . . . . . . . AND THE METHOD USED TO DETERMINE THE YIELD THEREFOR IS . . . . .]] 
 [Insert any
other legend required by the Code or the regulations thereunder.] 
 [If a Global Security,—insert legend required by Section 2.4 of the
Indenture] [If applicable, insert—UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.] 
  

 15 

 PETROLEUM DEVELOPMENT CORPORATION 
 [TITLE OF SECURITY] 
  

			
	 No . . . . . . .
	  	U.S. $. . . . . .

 [CUSIP No. ] 
 PETROLEUM DEVELOPMENT CORPORATION, a company duly incorporated under the laws of the State of Nevada (herein called the “Company”, which term includes any successor or resulting Person under the Indenture hereinafter
referred to), for value received, hereby promises to pay to .......... . . . . . . . . . . . . . . . . . . . . . ., or registered assigns, the principal sum of . . . . ................................................ United States Dollars on
......................................... [If the Security is to bear interest prior to Maturity, insert—, and to pay interest thereon from . . . . . . . . . . or from the most recent Interest Payment Date to which interest has been paid
or duly provided for, semi-annually on . . . . . . and . . . . . . in each year, commencing . . . . . ., at the rate of . . . . % per annum, until the principal hereof is paid or made available for payment [if applicable, insert—, and at
the rate of             % per annum on any overdue principal and premium and on any installment of interest (to the extent that the payment of such interest shall be legally
enforceable)]. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on the Regular Record Date for such interest, which shall be the . . . . or . . . . (regardless of whether a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any
time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said
Indenture]. 
 [If the Security is not to bear interest prior to Maturity, insert—The principal of this Security shall not bear interest except
in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal of this Security shall bear interest at the rate of . . . .% per annum (to the extent that the payment
of such interest shall be legally enforceable), which shall accrue from the date of such default in payment to the date payment of such principal has been made or duly provided for. Interest on any overdue principal shall be payable on demand. Any
such interest on any overdue principal that is not so paid on demand shall bear interest at the rate of . . . . % per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such
demand for payment to the date payment of such interest has been made or duly provided for, and such interest shall also be payable on demand.] 
 [If a
Global Security, insert—Payment of the principal of (and premium, if any) and [if applicable, insert—any such] interest on this Security will be made by transfer of immediately available funds to a bank account in
                     designated by the Holder in such coin or currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts [state other currency].] 
 [If a Definitive Security, insert—Payment of the principal of (and
premium, if any) and [if applicable, insert—any such] interest on this Security will be made at the office or agency of the Company maintained for that purpose in
                    , in such coin or currency of the United States of 

  

 16 

 
America as at the time of payment is legal tender for payment of public and private debts] [state other currency] [or subject to any laws or regulations
applicable thereto and to the right of the Company (as provided in the Indenture) to rescind the designation of any such Paying Agent, at the [main] offices of
                     in
                    , or at such other offices or agencies as the Company may designate, by [United States Dollar] [state other currency]
check drawn on, or transfer to a [United States Dollar] account maintained by the payee with, a bank in The City of New York (so long as the applicable Paying Agency has received proper transfer instructions in writing at least
         days prior to the payment date)] [if applicable, insert—; provided, however, that payment of interest may be made at the option of the Company by [United States
Dollar] [state other currency] check mailed to the addresses of the Persons entitled thereto as such addresses shall appear in the Security Register] [or by transfer to a [United States Dollar] [state other currency] account maintained by the payee
with a bank in The City of New York [state other Place of Payment] (so long as the applicable Paying Agent has received proper transfer instructions in writing by the record date prior to the applicable Interest Payment Date)].] 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect
as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by
manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
 Dated: 
  

			
	PETROLEUM DEVELOPMENT CORPORATION
		
	 By:
	 	  

 Section 2.3. Form of Reverse of Security. 
 This Security is one of a duly authorized issue of senior securities of the Company (herein called the “Securities”), issued and to be issued in one or
more series under an Indenture, dated as of February 8, 2008 (herein called the “Indenture”), between the Company [if applicable, insert—, the Guarantors] and The Bank of New York, a New York banking corporation, as
trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement, of the respective rights,
limitations of rights, duties and immunities thereunder of the Company [if applicable, insert—, the Guarantors], the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated
and delivered. As provided in the Indenture, the Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest, if any, at different
rates, may be subject to different redemption provisions, if any, may be subject to different sinking, purchase or analogous funds, if any, may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture
provided or permitted. This Security is one of the series designated on the face hereof [, limited in aggregate principal amount to $ . . . . . . . . . . ]. 
  

 17 

 This security is the general, unsecured, senior obligation of the Company [if applicable, insert—and is
guaranteed pursuant to a guarantee (the “Securities Guarantee”) by [insert name of each Guarantor] (the “Guarantors”). The Securities Guarantee is the general, unsecured, senior obligation of each Guarantor.]

 [If applicable, insert—The Securities of this series are subject to redemption upon not less than ... days’ notice by mail, [if
applicable, insert—(1) on . . . . . . . . . . . . . . in any year commencing with the year . . . . and ending with the year . . . . through operation of the sinking fund for this series at a Redemption Price equal to 100% of the principal
amount, and (2)] at any time [on or after . . . . . . . . . ., 20. . . ], as a whole or in part, at the election of the Company, at the following Redemption Prices (expressed as percentages of the principal amount): If redeemed [on or before . . . .
.. . . . . . . . . . . , . . . . . %, and if redeemed] during the 12-month period beginning . . . . . . . . of the years indicated, 
  

							
	 Year
	  	 Redemption Price
	  	 Year
	  	 Redemption Price

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

 and thereafter at a Redemption Price equal to . . . . . % of the principal amount, together in the case of any
such redemption [if applicable, insert—(whether through operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date
will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant record dates referred to on the face hereof, all as provided in the Indenture.] 
 [If applicable, insert—The Securities of this series are subject to redemption upon not less than... nor more than ... days’ notice by mail, (1) on
.. . . . . . . . in any year commencing with the year . . . . and ending with the year . . . . through operation of the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking fund (expressed as
percentages of the principal amount) set forth in the table below, and (2) at anytime [on or after . . . . . . . . . . ], as a whole or in part, at the election of the Company, at the Redemption Prices for redemption otherwise than through
operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: If redeemed during the 12-month period beginning . . . . . . . . . . . . . . of the years indicated, 
  

					
	 Year
	  	 Redemption Price For
Redemption Through
Operation of the Sinking
Fund
	  	 Redemption Price for
Redemption Otherwise Than
Through Operation of
the Sinking Fund

		  		  	
		  		  	
		  		  	
		  		  	

 and thereafter at a Redemption Price equal to . . . . % of the principal amount, together in the case of any such
redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the 

  

 18 

 
Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or
one or more Predecessor Securities, of record at the close of business on the relevant record dates referred to on the face hereof, all as provided in the Indenture.] 
 [If applicable, insert—Notwithstanding the foregoing, the Company may not, prior to . . . . . . . . . ., redeem any Securities of this series as contemplated by [clause (2) of] the preceding paragraph
as a part of, or in anticipation of, any refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less than . .
.. .% per annum.] 
 [If applicable, insert—The sinking fund for this series provides for the redemption on . . . . . . . . . . . . in each year
beginning with the year . . . . and ending with the year . . . . of [not less than] $ . . . . . . . . . . . . [ (“mandatory sinking fund”) and not more than $ . . . . . . . . . . . . ] aggregate principal amount of Securities of
this series. [Securities of this series acquired or redeemed by the Company otherwise than through [mandatory] sinking fund payments may be credited against subsequent [mandatory] sinking fund payments otherwise required to be made [If
applicable, insert— in the inverse order in which they become due].] 
 [If the Securities are subject to redemption in part of any kind,
insert—In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.]

 [If applicable, insert—The Securities of this series are not redeemable prior to Stated Maturity.] 
 [If the Security is not an Original Issue Discount Security,—If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 
 [If the Security is an Original Issue Discount Security,—If an Event of Default with respect to Securities of this series shall occur and be continuing, an amount of principal of the Securities of this series may be
declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to —insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and payable
and (ii) of interest on any overdue principal and overdue interest (in each case to the extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of
and interest, if any, on the Securities of this series shall terminate.] 
 The Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the rights and obligations of the Company [If applicable, insert—and the Guarantors] and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the
Company [If applicable, insert—and the Guarantors] and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company [If applicable,
insert—and the Guarantors] with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such
Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, regardless of whether notation of such consent or waiver is made upon this Security.

  

 19 

 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Security at the times, place(s) and rate, and in the coin or currency, herein prescribed. 
 [If a Global Security, insert—This Global Security or portion hereof may not be exchanged for Definitive Securities of this series except in the limited
circumstances provided in the Indenture. The holders of beneficial interests in this Global Security will not be entitled to receive physical delivery of Definitive Securities except as described in the Indenture and will not be considered the
Holders thereof for any purpose under the Indenture.] 
 [If a Definitive Security, insert—As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registerable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in [if applicable, insert—any
place where the principal of and any premium and interest on this Security are payable] [if applicable, insert—The City of New York [, or, subject to any laws or regulations applicable thereto and to the right of the Company (limited as
provided in the Indenture) to rescind the designation of any such transfer agent, at the [main] offices of                      in
                     or at such other offices or agencies as the Company may designate]], duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.] 
 The Securities of this
series are issuable only in registered form without coupons in denominations of U.S. $ . . . . . . . . and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series
are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration of transfer, the Company, [If
applicable, insert—any Guarantor,] the Trustee and any agent of the Company [If applicable, insert—, a Guarantor] or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all
purposes, regardless of whether this Security be overdue, and none of the Company, [If applicable, insert—the Guarantors,] the Trustee nor any such agent shall be affected by notice to the contrary. 
 No recourse under or upon any obligation, covenant or agreement of or contained in the Indenture or of or contained in any Security, [If applicable, insert—,
or the Securities Guarantee endorsed thereon,] or for any claim based thereon or otherwise in respect thereof, or in any Security [If applicable, insert—or in the Securities Guarantee], or because of the creation of any indebtedness
represented thereby, shall be had against any incorporator, shareholder, member, officer, manager or director, as such, past, present or future, of the Company [If applicable, insert—or any Guarantor] or of any successor Person, either
directly or through the Company [If applicable, insert—or any Guarantor] or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment, penalty or otherwise; it being
expressly understood that all such liability is hereby expressly waived and released by the acceptance hereof and as a condition of, and as part of the consideration for, the Securities and the execution of the Indenture. 
  

 20 

 The Indenture provides that the Company [If applicable, insert—and the Guarantors] (a) will be
discharged from any and all obligations in respect of the Securities (except for certain obligations described in the Indenture), or (b) need not comply with certain restrictive covenants of the Indenture, in each case if the Company [If
applicable, insert—or a Guarantor] deposits, in trust, with the Trustee money or Government Securities (or a combination thereof) which through the payment of interest thereon and principal thereof in accordance with their terms will
provide money, in an amount sufficient to pay all the principal of and interest on the Securities, but such money need not be segregated from other funds except to the extent required by law. 
 Except as otherwise defined herein, all terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 [If a Definitive Security, insert as a separate page— 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

			
	  
	  	
	 (Please Print or Typewrite Name and Address of Assignee)
	  	

 the within instrument of PETROLEUM DEVELOPMENT CORPORATION and does hereby irrevocably constitute and appoint
                                        
Attorney to transfer said instrument on the books of the within-named Company, with full power of substitution in the premises. 
 Please Insert Social
Security or Other Identifying Number of Assignee: 
  

									
	  
	 		 	  
	 	
					
	Dated:	 	  
	 		 	  
	 	
		 		 		 	(Signature)	 	

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within
instrument in every particular, without alteration or enlargement or any change whatever.] 
 [If a Security to which Article Fourteen has been made
applicable, insert the following Form of Notation on such Security relating to the Securities Guarantee— 
 Each of the Guarantors (which term
includes any successor Person in such capacity under the Indenture), has fully, unconditionally and absolutely guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture, the due and punctual payment of the
principal of, and premium, if any, and interest on the Securities of this series and all other amounts due and payable under the Indenture and the Securities of this series by the Company. 
 The obligations of the Guarantors to the Holders of Securities of this series and to the Trustee pursuant to the Securities Guarantee and the Indenture are expressly set
forth in Article Fourteen of the Indenture and reference is hereby made to the Indenture for the precise terms of the Securities Guarantee. 
  

			
	Guarantors:
	
	[NAME OF EACH GUARANTOR]
		
	By:	 	                                      
                                        
                  
		
		 	                                      
                                        
                ]

  

 21 

 Section 2.4. Global Securities. 
 Every Global Security authenticated and delivered hereunder shall bear a legend in substantially the following form: 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR
SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY
SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 If Securities of a series are issuable in whole or in part in the form
of one or more Global Securities, as specified as contemplated by Section 3.1, then, notwithstanding clause (i) of Section 3.1 and the provisions of Section 3.2, any Global Security shall represent such of the Outstanding
Securities of such series as shall be specified therein and may provide that it shall represent the aggregate amount of Outstanding Securities from time to time endorsed thereon and that the aggregate amount of Outstanding Securities represented
thereby may from time to time be reduced or increased, as the case may be, to reflect exchanges. Any endorsement of a Global Security to reflect the amount, or any reduction or increase in the amount, of Outstanding Securities represented thereby
shall be made in such manner and upon instructions given by such Person or Persons as shall be specified therein or in a Company Order. Subject to the provisions of Section 3.3, Section 3.4 and Section 3.5, the Trustee shall deliver
and redeliver any Global Security in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. Any instructions by the Company with respect to endorsement or delivery or redelivery of a
Global Security shall be in a Company Order (which need not comply with Section 1.3 and need not be accompanied by an Opinion of Counsel). 
 The provisions of the last sentence of Section 3.3 shall apply to any Security represented by a Global Security if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Global Security
together with a Company Order (which need not comply with Section 1.3 and need not be accompanied by an Opinion of Counsel) with regard to the reduction or increase, as the case may be, in the principal amount of Securities represented thereby,
together with the written statement contemplated by the last sentence of Section 3.3. 
  

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 Section 2.5. Form of Trustee’s Certificate of Authentication. 
 The Trustee’s certificate(s) of authentication shall be in substantially the following form: 
 This is one of the Securities of the series designated [insert title of applicable series] referred to in the within-mentioned
Indenture. 
  

			
	[insert name of trustee],
	as Trustee
		
	By:	 	  

		 	Authorized Signatory

 ARTICLE THREE 
 THE SECURITIES 
 Section 3.1. 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. There shall be established by or pursuant to a Board Resolution, and set forth, or determined in the
manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, 
 (a) the title of the Securities of the series (which shall distinguish the Securities of the series from all other Securities and which
may be part of a series of Securities previously issued); 
 (b) any limit upon the aggregate principal amount of the
Securities of the series 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 the series pursuant to
Section 3.4, Section 3.5, Section 3.6, Section 9.6 or Section 11.7 and except for any Securities which, pursuant to Section 3.3, are deemed never to have been authenticated and delivered hereunder); 
 (c) the Person to whom any interest on a Security of the series shall be payable, if other than 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; 
 (d) the date or dates on which the principal of the Securities of the series is payable or the method of determination thereof; 
 (e) the rate or rates at which the Securities of the series shall bear interest, if any, or the formula, method or provision pursuant to which such rate or rates are determined, the date or dates from which such
interest shall accrue or the method of determination thereof, the Interest Payment Dates on which such interest shall be payable and the Regular Record Date for the interest payable on any Interest Payment Date; 
  

 23 

 (f) the place or places where, subject to the provisions of Section 10.2, the
principal of and any premium and interest on Securities of the series shall be payable, Securities of the series may be surrendered for registration of transfer, Securities of the series may be surrendered for exchange and notices, and demands to or
upon the Company in respect of the Securities of the series and this Indenture may be served; 
 (g) the period or periods
within which, the price or prices at which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company; 
 (h) the obligation, if any, of the Company to redeem or purchase Securities of the series pursuant to any sinking fund or analogous
provisions or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the series shall be redeemed or purchased, in whole or in part, pursuant to
such obligation; 
 (i) if other than denominations of $1,000 and any integral multiple thereof, the denominations in which
Securities of the series shall be issuable; 
 (j) whether payment of principal of and premium, if any, and interest, if any,
on the Securities of the series shall be without deduction for taxes, assessments or governmental charges paid by Holders of the series; 
 (k) if other than the principal amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to
Section 5.2; 
 (l) if the amount of payments of principal of and any premium or interest on the Securities of the series
may be determined with reference to an index, the manner in which such amounts shall be determined; 
 (m) if and as
applicable, that the Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such case, the Depositary or Depositaries for such Global Security or Global Securities and any circumstances
other than those set forth in Section 3.5 in which any such Global Security may be transferred to, and registered and exchanged for Securities registered in the name of, a Person other than the Depositary for such Global Security or a nominee
thereof and in which any such transfer may be registered; 
 (n) any deletions from, modifications of or additions to the
Events of Default set forth in Section 5.1 or the covenants of the Company set forth in Article Ten with respect to the Securities of such series; 
 (o) whether and under what circumstances the Company will pay additional amounts on the Securities of the series held by a Person who is
not a U.S. Person in respect of any tax, assessment or governmental charge withheld or deducted and, if so, whether the Company will have the option to redeem the Securities of the series rather than pay such additional amounts; 
 (p) if the Securities of the series are to be issuable in definitive form (whether upon original issue or upon exchange of a temporary
Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of such certificates, documents or conditions; 
  

 24 

 (q) if the Securities of the series are to be convertible into or exchangeable for any
other security or property of the Company, including, without limitation, securities of another Person held by the Company or its Affiliates and, if so, the terms thereof; 
 (r) if other than as provided in Section 13.2 and Section 13.3, the means of Legal Defeasance or Covenant Defeasance as may be
specified for the Securities of the series; 
 (s) if other than the Trustee, the identity of the initial Security Registrar
and any initial Paying Agent; 
 (t) whether the Securities of the series will be guaranteed pursuant to the Securities
Guarantee set forth in Article Fourteen, any modifications to the terms of Article Fourteen applicable to the Securities of such series and the applicability of any other guarantees; and 
 (u) any other terms of the series (which terms shall not be inconsistent with the provisions of this Indenture). 
 All Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the
Board Resolution referred to above and (subject to Section 3.3) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or in any such indenture supplemental hereto. 
 All Securities of any one series need not be issued at the same time and, unless otherwise provided, a series may be reopened, without the consent of the
Holders, for increases in the aggregate principal amount of such series of Securities and issuances of additional Securities of such series or for the establishment of additional terms with respect to the Securities of such series. 
 If any of the terms of the series are established by action taken by or pursuant to a Board Resolution, a copy of an appropriate record of such action
shall be certified by an authorized officer or other authorized person on behalf of the Company and, if applicable, the Guarantors and delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth, or providing
the manner for determining, the terms of the series. 
 With respect to Securities of a series subject to a Periodic Offering, such Board
Resolution or Officers’ Certificate may provide general terms for Securities of such series and provide either that the specific terms of particular Securities of such series shall be specified in a Company Order or that such terms shall be
determined by the Company and, if applicable, the Guarantors or one or more agents thereof designated in an Officers’ Certificate, in accordance with a Company Order. 
 Section 3.2. Denominations. 
 The Securities of each series shall be issuable in registered form
without coupons in such denominations as shall be specified as contemplated by Section 3.1. In the absence of any such provisions with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of
$1,000 and any integral multiple thereof. 
 Section 3.3. Execution, Authentication, Delivery and Dating. 
 The Securities shall be executed on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its President, its Chief Financial
Officer or any of its Vice Presidents and need not be attested. The signature of any of these officers on the Securities may be manual or facsimile. Any 

  

 25 

 
Securities Guarantee endorsed on the Securities shall be executed on behalf of the applicable Guarantor by its Chairman of the Board, its Chief Executive
Officer, its President, its Chief Financial Officer or any of its Vice Presidents and need not be attested. 
 Securities and any Securities
Guarantee bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Company or a Guarantor, as the case may be, shall bind the Company or such Guarantor, as the case may be, notwithstanding that such
individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the
Company to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order shall authenticate and deliver such Securities; provided,
however, that in the case of Securities offered in a Periodic Offering, the Trustee shall authenticate and deliver such Securities from time to time in accordance with such other procedures (including, without limitation, the receipt by the
Trustee of oral or electronic instructions from the Company or its duly authorized agents, thereafter promptly confirmed in writing) acceptable to the Trustee as may be specified by or pursuant to a Company Order delivered to the Trustee prior to
the time of the first authentication of Securities of such series. If the forms or terms of the Securities of the series have been established in or pursuant to one or more Board Resolutions as permitted by Section 2.1 and Section 3.1, in
authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive such documents as it may reasonably request. The Trustee shall also be
entitled to receive, and (subject to Section 6.1) shall be fully protected in relying upon, an Opinion of Counsel stating, 
 (a) if the form or forms of such Securities has been established in or pursuant to a Board Resolution as permitted by Section 2.1, that each such form has been established in conformity with the provisions of this Indenture;

 (b) if the terms of such Securities have been, or in the case of Securities of a series offered in a Periodic Offering will
be, established in or pursuant to a Board Resolution as permitted by Section 3.1, that such terms have been, or in the case of Securities of a series offered in a Periodic Offering will be, established in conformity with the provisions of this
Indenture, subject, in the case of Securities of a series offered in a Periodic Offering, to any conditions specified in such Opinion of Counsel; and 
 (c) that such Securities when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions and assumptions specified in such Opinion of Counsel, will constitute
valid and legally binding obligations of the Company and, if applicable, the Guarantors, enforceable in accordance with their terms, subject to the following limitations: (i) bankruptcy, insolvency, moratorium, reorganization, liquidation,
fraudulent conveyance or transfer and other similar laws of general applicability relating to or affecting the enforcement of creditors’ rights, or to general equity principles, (ii) the availability of equitable remedies being subject to
the discretion of the court to which application therefor is made; and (iii) such other usual and customary matters as shall be specified in such Opinion of Counsel. 
 If such form or forms or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee’s own
rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
  

 26 

 Notwithstanding the provisions of Section 3.1 and of the preceding paragraph, if all Securities of a
series are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 3.1 or the Company Order and Opinion of Counsel otherwise required pursuant to such
preceding paragraph at or prior to the time of authentication of each Security of such series if such documents are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued. 
 With respect to Securities of a series offered in a Periodic Offering, the Trustee may rely, as to the authorization by the Company of any of such
Securities, on the form or forms and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and the other documents delivered pursuant to Section 2.1 and Section 3.1 and this
Section, as applicable, in connection with the first authentication of Securities of such series. 
 Each Security shall be dated the date of
its authentication. 
 No Security, nor any Securities Guarantee endorsed thereon, 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 of an authorized
officer, 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 but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.9 for all purposes
of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
 Section 3.4. Temporary Securities. 
 Pending the preparation of Definitive Securities of any
series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially
of the tenor of the Definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution
of such Securities. 
 If temporary Securities of any series are issued, the Company will cause Definitive Securities of that series to be
prepared without unreasonable delay. After the preparation of Definitive Securities of such series, the temporary Securities of such series shall be exchangeable for Definitive Securities of such series upon surrender of the temporary Securities of
such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series the Company shall execute and the Trustee
shall authenticate and deliver in exchange therefor a like principal amount of Definitive Securities of the same series and tenor of authorized denominations. Until so exchanged the temporary Securities of any series shall in all respects be
entitled to the same benefits under this Indenture as Definitive Securities of such series. 
 Section 3.5. Registration, Registration of Transfer
and Exchange. 
 The Company shall cause to be kept at the office or agency of the Company in a Place of Payment required by
Section 10.2 a register (the register maintained in such office being herein sometimes referred to as the “Security Register”) in which, subject to such reasonable regulations as it 

  

 27 

 
may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby appointed as the initial
“Security Registrar” for the purpose of registering Securities and transfers of Securities as herein provided, and its corporate trust office, which, at the date hereof, is located at 101 Barclay Street, 8W, New York, New York
10286, is the initial office or agency where the Securities Register will be maintained. The Company may at any time replace such Security Registrar, change such office or agency or act as its own Security Registrar; provided, however,
that there shall be only one Security Register for each series of Securities. The Company will give prompt written notice to the Trustee of any change of the Security Registrar or of the location of such office or agency. 
 Upon surrender for registration of transfer of any Security of any series at the office or agency maintained pursuant to Section 10.2 for such
purpose, the Company and, if applicable, the Guarantors shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities, with an endorsement of the Securities
Guarantee, if applicable, executed by the Guarantors, of the same series and tenor, of any authorized denominations and of a like aggregate principal amount. 
 At the option of the Holder, Securities of any series (except a Global Security) may be exchanged for other Securities of the same series and tenor, of any authorized denominations and of a like aggregate principal
amount, upon surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Company and, if applicable, the Guarantors shall execute and the Trustee shall authenticate and deliver,
the Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, which the Holder making the exchange is entitled to receive. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company and, if applicable, the Guarantors 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 or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly
executed, by the Holder thereof or his attorney duly authorized in writing. 
 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 3.4, Section 9.6 or Section 11.7 not involving any transfer. 
 The Company shall not be
required (a) to issue, register the transfer of or exchange Securities of any series during a period beginning at, the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of that series selected for
redemption under Section 11.3 and ending at the close of business on the day of such mailing, or (b) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any
Security being redeemed in part. 
 Notwithstanding any other provisions of this Indenture and except as otherwise specified with respect to
any particular series of Securities as contemplated by Section 3.1, a Global Security representing all or a portion of the Securities of a series may not be transferred, except as a whole by the Depositary for such series to a nominee of such
Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a 

  

 28 

 
successor Depositary for such series or a nominee of such successor Depositary. Every Security authenticated and delivered upon registration of, transfer of,
or in exchange for or in lieu of, a Global Security shall be a Global Security except as provided in the two paragraphs immediately following. 
 If at any time the Depositary for any Securities of a series represented by one or more Global Securities notifies the Company that it is unwilling or unable to continue as Depositary for such Securities or if at any time the Depositary for
such Securities shall no longer be eligible to continue as Depositary under Section 3.1 or ceases to be a clearing agency registered under the Exchange Act, the Company shall appoint a successor Depositary with respect to such Securities. If a
successor Depositary for such Securities is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such ineligibility, the Company’s election pursuant to Section 3.1 that such Securities be
represented by one or more Global Securities shall no longer be effective and the Company and, if applicable, the Guarantors will execute and the Trustee, upon receipt of a Company Order for the authentication and delivery of Definitive Securities
of such series, will authenticate and deliver, Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of such series in definitive registered form without coupons, in any authorized denominations, in
an aggregate principal amount equal to the principal amount of the Global Security or Securities representing such Securities in exchange for such Global Security or Securities registered in the names of such Persons as the Depositary shall direct.

 The Company may at any time and in its sole discretion determine that the Securities of any series issued in the form of one or more
Global Securities shall no longer be represented by a Global Security or Securities. In such event, the Company and, if applicable, the Guarantors will execute and the Trustee, upon receipt of a Company Order for the authentication and delivery of
the Definitive Securities of such series, will authenticate and deliver, Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of such series in definitive registered form without coupons, in any
authorized denominations, in an aggregate principal amount equal to the principal amount of the Global Security or Securities representing such Securities in exchange for such Global Security or Securities registered in the names of such Persons as
the Depositary shall direct. 
 If specified by the Company pursuant to Section 3.1 with respect to Securities represented by a Global
Security, the Depositary for such Global Security may surrender such Global Security in exchange in whole or in part for Securities of the same series and tenor in definitive registered form on such terms as are acceptable to the Company, the
Trustee and such Depositary. Thereupon, the Company and, if applicable, the Guarantors shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of Securities in definitive registered form, shall
authenticate and deliver, without service charge, 
 (a) to the Person specified by such Depositary a new Security or
Securities, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of the same series and tenor, of any authorized denominations as requested by such Person, in an aggregate principal amount equal to and in
exchange for such Person’s beneficial interest in the Global Security; and 
 (b) to such Depositary a new Global
Security, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, in a denomination equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal
amount of Securities authenticated and delivered pursuant to clause (a) above. 
  

 29 

 Every Person who takes or holds any beneficial interest in a Global Security agrees that: 
 (a) the Company, the Guarantors (if applicable) and the Trustee may deal with the Depositary as sole owner of the Global Security and as
the authorized representative of such Person; 
 (b) such Person’s rights in the Global Security shall be exercised only
through the Depositary and shall be limited to those established by law and agreement between such Person and the Depositary and/or direct and indirect participants of the Depositary; 
 (c) the Depositary and its participants make book-entry transfers of beneficial ownership among, and receive and transmit distributions of
principal and interest on the Global Securities to, such Persons in accordance with their own procedures; and 
 (d) none of
the Company, the Guarantors (if applicable), the Trustee, nor any agent of any of them will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global
Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 3.6. Mutilated,
Destroyed, Lost and Stolen Securities. 
 If any mutilated Security is surrendered to the Trustee, together with, in proper cases, such
security or indemnity as may be required by the Company, the Guarantors (if applicable) or the Trustee to save each of them and any agent of any of them harmless, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security, with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 If there shall be delivered to the Company, the Guarantors (if applicable) and the Trustee (a) evidence to their satisfaction of the destruction,
loss or theft of any Security and (b) such security or indemnity as may be 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 has been
acquired by a bona fide purchaser, the Company and, if applicable, the Guarantors shall execute and upon receipt of a Company Order the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security,
with an endorsement of the Securities Guarantee, if applicable, executed by the Guarantors, of the same series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may,
instead of issuing a new Security, pay such Security. 
 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 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 and, if applicable, the Guarantors, regardless of whether the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture
equally and proportionately with any and all other Securities of that series duly issued hereunder. 
  

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 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 3.7. Payment of Interest;
Interest Rights Preserved. 
 The Company will pay or cause to be paid the principal of, premium, if any, and interest on, the Securities
on the dates and in the manner provided in the Securities. Principal, premium, if any, and interest will be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 10:00 a.m. Eastern Time
on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 
 The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate equal to the
applicable interest rate on the Securities to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period)
at the same rate to the extent lawful. 
 Except as otherwise provided as contemplated by Section 3.1 with respect to any series of
Securities, 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. 
 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 relevant Regular Record Date by virtue of having been such Holder, and
such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (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 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 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 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 his address as it appears in the Security Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted
Interest and the Special Record Date therefor having been 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 and shall no longer be payable pursuant to the following clause (b). 
  

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 (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, 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 3.8. Persons Deemed Owners. 
 Except as otherwise provided as contemplated by Section 3.1 with respect to any series of Securities, prior to due presentment of a Security for registration of transfer, the Company, the Trustee and, if
applicable, the Guarantors and any agent thereof may treat the Person in whose name such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium and (subject to Section 3.5 and
Section 3.7) any interest on such Security and for all other purposes whatsoever, regardless of whether such Security be overdue, and none of the Company, the Trustee nor, if applicable, the Guarantors nor any agent of any of them shall be
affected by notice to the contrary. 
 No holder of any beneficial interest in any Global Security held on its behalf by a Depositary shall
have any rights under this Indenture with respect to such Global Security, and such Depositary may be treated by the Company, the Trustee, and, if applicable, the Guarantors and any agent of any thereof as the owner of such Global Security for all
purposes whatsoever. 
 Section 3.9. Cancellation. 
 All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the
Trustee and shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may
deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly canceled by
the Trustee. No 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 Trustee shall be disposed of in
accordance with its customary practices, and the Trustee shall thereafter deliver to the Company a certificate with respect to such disposition from time to time upon written request. 
 Section 3.10. Computation of Interest. 
 Except as otherwise specified as contemplated by
Section 3.1 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year comprised of twelve 30-day months. 
  

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 Section 3.11. CUSIP or CINS Numbers. 
 The Company in issuing the Securities may use “CUSIP” or “CINS” numbers (if then generally in use, and in addition to the other
identification numbers printed on the Securities), and, if so, the Trustee shall use “CUSIP” or “CINS” numbers in notices of redemption as a convenience to Holders; provided, however, that any such notice may state
that no representation is made as to the correctness of such “CUSIP” or “CINS” numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such “CUSIP” or “CINS” numbers. 
 ARTICLE FOUR 
 SATISFACTION AND DISCHARGE 
 Section 4.1. Satisfaction and Discharge of Indenture. 
 This Indenture will be discharged and will cease to be of further effect as to all Securities issued hereunder, when: 
 (a) either 
 (i) all Securities that have been authenticated, except lost, stolen or destroyed Securities that have
been replaced or paid and Securities for whose payment money has been deposited in trust and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or 
 (ii) all Securities that have not been delivered to the Trustee for cancellation have become due and payable by reason of the mailing of a
notice of redemption or otherwise or will become due and payable within one year and the Company or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders,
cash in U.S. dollars, non-callable Government Securities, or a combination of cash in U.S. dollars and non-callable Government Securities, in amounts as will be sufficient, without consideration of any reinvestment of interest, to pay and discharge
the entire indebtedness on the Securities not delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to the date of maturity or redemption; 
 (b) no Default or Event of Default has occurred and is continuing on the date of the deposit (other than a Default or Event of Default
resulting from the borrowing of funds to be applied to such deposit); 
 (c) such deposit will not result in a breach or
violation of, or constitute a default under, any material agreement or instrument (other than this Indenture) to which the Company or any Guarantor is a party or by which the Company or any Guarantor is bound; 
 (d) the Company or any Guarantor has paid or caused to be paid all sums payable by it under this Indenture; 
 (e) the Company has delivered irrevocable instructions to the Trustee to apply the deposited money toward the payment of the Securities at
their Maturity or on the Redemption Date, as the case may be; and 
  

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 (f) the Company has delivered to the Trustee (i) an Officers’ Certificate,
stating that all conditions precedent set forth in clauses (a) through (e) above have been satisfied, and (ii) an Opinion of Counsel, stating that all conditions precedent set forth in clauses (c) and (e) above have been
satisfied. 
 Notwithstanding the satisfaction and discharge of this Indenture, (x) the obligations of the Company to the Trustee under
Section 6.7, the obligations of the Trustee to any Authenticating Agent under Section 6.14 and the right of the Trustee to resign under Section 6.10 shall survive, and (y) if money shall have been deposited with the Trustee
pursuant to clause (a) of this Section, the obligations of the Company and the Trustee under Section 4.2, Section 6.6 and Section 10.2 and the last paragraph of Section 10.3 shall survive. 
 Section 4.2. Application of Trust Money. 
 Subject to the provisions of Section 10.3, all money deposited with the Trustee pursuant to Section 4.1 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such
money has been deposited with the Trustee, but such money need not be segregated from other funds except to the extent required by law. 
 If
the Trustee or Paying Agent is unable to apply any money or Government Securities in accordance with Section 4.1 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, the Company’s and any Guarantor’s obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to Section 4.1
hereof; provided that if the Company has made any payment of principal of, premium, if any, or interest on, any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such
Securities to receive such payment from the money or Government Securities held by the Trustee or Paying Agent. 
 ARTICLE FIVE 

 REMEDIES 
 Section 5.1.
Events of Default. 
 “Event of Default”, wherever used herein with respect to Securities of any series, means any one
of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of
any administrative or governmental body): 
 (a) default in the payment of any interest upon any Security of that series when
it becomes due and payable, and continuance of such default for a period of 30 days; or 
 (b) default in the payment of the
principal of (or premium, if any, on) any Security of that series at its Maturity; or 
 (c) default in the performance, or
breach, of any covenant set forth in Article Ten in this Indenture (other than a covenant a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture
solely for the benefit of series of Securities other than that series), and continuance of such default or 

  

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breach 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 25% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder; or 
 (d) default in the performance, or breach, of any covenant in this Indenture (other than a covenant in
Article Ten or any other covenant a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities other
than that series), and continuance of such default or breach for a period of 180 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 25% in
principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 
 (e) the Company pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary case, (ii) consents to the
entry of any order for relief against it in an involuntary case, (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property, or (iv) makes a general assignment for the benefit of its creditors;
or 
 (f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (i) is for relief
against the Company in an involuntary case, (ii) appoints a Custodian of the Company or for all or substantially all of its property, or (iii) orders the liquidation of the Company; and the order or decree remains unstayed and in effect
for 30 consecutive days; or 
 (g) default in the deposit of any sinking fund payment when due; or 
 (h) any other Event of Default provided with respect to Securities of that series in accordance with Section 3.1. 
 Section 5.2. Acceleration of Maturity; Rescission and Annulment. 
 If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of a specified percentage in aggregate principal
amount of the Outstanding Securities of that series may declare the principal amount (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in the terms of that series)
of all of the Securities of that series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become
immediately due and payable. Notwithstanding the foregoing, if an Event of Default specified in clause (e) or (f) of Section 5.1 occurs, the Securities of any series at the time Outstanding shall be due and payable immediately without
further action or notice. 
 At any time after such a declaration of acceleration with respect to Securities of any series has been made and
before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article Five provided, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written
notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: 
 (a) the Company or,
if applicable, one or more of the Guarantors has paid or deposited with the Trustee a sum sufficient to pay: 
 (i) all
overdue interest on all Securities of that series, 
  

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 (ii) the principal of (and premium, if any, on) any Securities of that series which have
become due otherwise than by such declaration of acceleration and any interest thereon at the rate or rates prescribed therefor in such Securities, 
 (iii) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities, and 
 (iv) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel; and 
 (b) all Events of Default with respect to Securities of that series, other than the
non-payment of the principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 
 No such rescission shall affect any subsequent default or impair any right consequent thereon. 
 Section 5.3.
Collection of Indebtedness and Suits for Enforcement by Trustee. 
 The Company covenants that if: 
 (a) default is made in the payment of any installment of interest on any Security when such interest becomes due and payable and such
default continues for a period of 30 days, or 
 (b) default is made in the payment of the principal of (or premium, if any,
on) any Security at the Maturity thereof, 
 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the
whole amount then due and payable on such Securities for principal and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any premium and on any overdue
interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements
and advances of the Trustee, its agents and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in
its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or, if
applicable, the Guarantors 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, if applicable, the Guarantors or any other obligor
upon such Securities, wherever situated. 
 If an Event of Default with respect to Securities of any series occurs and is continuing, the
Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual 

  

 36 

 
to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any
power granted herein, or to enforce any other proper remedy. 
 Section 5.4. 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, if applicable, any Guarantor or any other obligor upon the Securities, their property 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 or, if applicable, the Guarantors 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 (and
premium, if any) and interest 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 the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.7) 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, if the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 6.7. 
 No provision of this Indenture 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, compromise, arrangement, adjustment or composition affecting the Securities or, if applicable, the Securities Guarantee
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; provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee
in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 
 Section 5.5. 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 of the Securities in respect of which such
judgment has been recovered. 
 Section 5.6. Application of Money Collected. 
 Any money collected by the Trustee pursuant to this Article Five and any money or other property distributable in respect of the Company’s
obligations under this Indenture after the occurrence of 

  

 37 

 
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 any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 6.7; 
 SECOND: To the payment of the amounts then due and unpaid for principal of and any premium and interest on the Securities in respect of
which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal and any premium and interest, respectively; and

 THIRD: The balance, if any, to the Company. 
 Section 5.7. Limitation on Suits. 
 No Holder of any Security of any series shall have any right
to institute any proceeding, judicial or otherwise, with respect to this Indenture (including, if applicable, the Securities Guarantee), or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that
series; 
 (b) the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have
made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (c) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding;
and 
 (e) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the
Holders of a majority in principal amount of the Outstanding Securities of that series; 
 it being understood and intended that no one or more of such
Holders of a Security 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 Holder of the same series of Security, or to obtain or to seek
to obtain priority or preference over any other Holder of the same series of Security or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all Holders of the same series of
Security. 
 Section 5.8. 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 any premium and (subject to Section 3.5 and Section 3.7) interest 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. 
  

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 Section 5.9. Restoration of Rights and Remedies. 
 If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued
or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Guarantors, the Trustee and the Holders shall be restored
severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 5.10. Rights and Remedies Cumulative. 
 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.6, 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 5.11. Delay or Omission Not Waiver. 
 No
delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
therein. Every right and remedy given by this Article Five or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

Section 5.12. Control by Holders. 
 The
Holders of not less than a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any
trust or power conferred on the Trustee, with respect to the Securities of such series; provided, however, that: 
 (a) such direction shall not be in conflict with any rule of law or with this Indenture; 
 (b) the Trustee may take
any other action deemed proper by the Trustee which is not inconsistent with such direction; and 
 (c) subject to the
provisions of Section 6.1, the Trustee shall have the right to decline to follow any such direction if the Trustee shall determine that the proceeding so directed would involve the Trustee in personal liability. 
 Section 5.13. Waiver of Past Defaults. 
 By
written notice to the Company and the Trustee, 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) a continuing default in the payment of the principal of or
any premium or interest on any Security of such series; provided, however, that the Holders of a majority in aggregate principal amount of the Outstanding Securities may rescind an acceleration and its consequences, including any related
payment default that resulted from such acceleration, or 
  

 39 

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

 Section 5.14. Undertaking for Costs. 
 All parties to this Indenture agree, and each Holder of any Security 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, other than the Trustee, in such suit of an undertaking to pay the costs of such suit, and that such court may
in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions
of this Section 5.14 shall not apply to any suit instituted by the 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 principal amount of the
Outstanding Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest 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 5.15. Waiver of Stay, Extension or Usury Laws. 

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

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 ARTICLE SIX 
 THE TRUSTEE 
 Section 6.1. Certain Duties and Responsibilities. 
 (a) Except during the continuance of an Event of Default with respect to the Securities of a particular series, 
 (i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and as are provided
by the Trust Indenture Act with respect to the Securities of such series, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (ii) 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 they conform to the requirements of this Indenture. 
 (b) In case an Event of Default has occurred and is continuing with respect to the Securities of a particular series, the Trustee shall
exercise with respect to the Securities of such series such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the
conduct of his 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 
 (i) this Subsection
shall not be construed to limit the effect of Subsections (a) or (d) of this Section; 
 (ii) 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 
 (iii) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the
direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, given pursuant to Section 5.12, 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 believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
  

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 (e) Regardless of whether 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 6.2. Notice of Defaults. 
 Within 90 days after the occurrence of any Default hereunder with respect to the
Securities of any series, the Trustee shall transmit by mail to all Holders of Securities of such series, as their names and addresses appear in the Security Register, notice of such Default hereunder known to the Trustee, unless such Default shall
have been cured or waived; provided, however, that, except in the case of a Default in the payment of the principal of or any premium or interest on any Security of such series or in the payment of any sinking fund installment with
respect to Securities of such series, the Trustee may withhold from Holders of Securities notice of any continuing Default or Event of Default if the Trustee in good faith determines that the withholding of such notice is in the interest of the
Holders of Securities of such series; and, provided, further, that in the case of any Default of the character specified in Section 5.1(c) with respect to Securities of such series, no such notice to Holders shall be given until
at least 90 days after the occurrence thereof and that in the case of any Default of the character specified in Section 5.1(d) with respect to Securities of such series, no such notice to Holders shall be given until at least 180 days after the
occurrence thereof. 
 Section 6.3. Certain Rights of Trustee. 
 Subject to the provisions of Section 6.1: 
 (a) the Trustee may conclusively rely and
shall be fully protected in acting or refraining from acting upon any resolution, 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 or a Guarantor mentioned herein shall be sufficiently evidenced by a Company Request or Company Order (except as may otherwise be provided with respect to delivery of any Security to the Trustee for authentication
and delivery pursuant to Section 3.3, which shall be sufficiently evidenced as provided therein) 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) shall be entitled to receive and may, in the absence of bad faith on its part, conclusively rely upon an Officers’
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 of the Holders pursuant to this Indenture, unless such Holders
shall have offered to the Trustee security or indemnity reasonably satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 
  

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 (f) the Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make
such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional 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 and shall not be responsible for the supervision of officers and employees of such
agents or attorneys; 
 (h) the Trustee may request that the Company and, if applicable, the Guarantors deliver an
Officers’ Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign
an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded; 
 (i) the Trustee shall be entitled to the rights and protections afforded to the Trustee pursuant to this Article Six in acting as a Paying Agent or Security Registrar hereunder; 
 (j) the Trustee shall not be deemed to have notice or be charged with knowledge of any Default or Event of Default unless a Responsible
Officer of the Trustee has received written notice of any event which is in fact such a Default or Event of Default at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; 
 (k) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (l) 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 each agent, custodian and other
Person employed to act hereunder; 
 (m) anything in this Indenture notwithstanding, in no event shall the Trustee be liable
for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the Trustee has been advised as to the likelihood of such loss or damage and regardless of the form of
action; and 
 (n) the Trustee shall not be responsible or liable for any failure or delay in the performance of its
obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances;
sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or military authority and governmental action. 
  

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 Section 6.4. 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 or, if applicable, the Guarantors, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. Neither the Trustee nor any Authenticating Agent makes any representations as to the validity or sufficiency of
this Indenture or of the Securities. The Trustee or any Authenticating Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 
 Section 6.5. May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, any
Security Registrar or any other agent of the Company or, if applicable, any Guarantor, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 310(b) and 311 of the Trust Indenture Act and
Section 6.8, Section 6.9 and Section 6.13, may otherwise deal with the Company or, if applicable, the Guarantors with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such
other agent. 
 Section 6.6. 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 otherwise agreed in writing with the Company or, if applicable, one or more of the Guarantors. 
 Section 6.7. Compensation and
Reimbursement. 
 The Company agrees: 
 (a) to pay to the Trustee from time to time such compensation as the Company and the Trustee shall from time to time agree in writing 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); 
 (b) except as otherwise expressly
provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the
expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its gross negligence or willful misconduct; and 
 (c) to indemnify each of the Trustee and its officers, directors, agents and employees for, and to hold it harmless against, any loss,
liability or expense incurred without gross negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself
against any claim (whether asserted by the Company or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder or in connection with enforcing the provisions of this
Section. 
 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, except funds held in trust for the payment of principal of (and premium, if any) or interest on particular Securities. 
  

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 Without limiting any rights available to the Trustee under this Indenture or applicable law, when the
Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 5.1(e) or Section 5.1(f), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the
services of the Trustee are intended to constitute expenses of administration under any applicable Bankruptcy Law. 
 “Trustee” for purposes of this Section shall include any predecessor Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any
other Trustee hereunder. 
 The provisions of this Section 6.7 shall survive the satisfaction and discharge or the termination for any
reason of this Indenture, the satisfaction and discharge or Legal Defeasance of the Securities and the resignation or removal of the Trustee. 
 Section 6.8. Disqualification; Conflicting Interests. 
 This Indenture will always have a trustee that satisfies the
requirements Sections 310(a)(1), (2) and (5) of the Trust Indenture Act. The Trustee is subject to Section 310(b) of the Trust Indenture Act. 
 Section 6.9. Corporate Trustee Required; Eligibility. 
 There shall at all times be a Trustee hereunder which shall be a
corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus required by
the Trust Indenture Act, subject to supervision or examination by Federal or State authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of said 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. The Trustee shall not be an obligor
upon the Securities or an Affiliate thereof. 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 Six. 
 Section 6.10. Resignation and Removal; Appointment of Successor. 
 (a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective
until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 6.11. 
 (b) The Trustee may resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have
been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series. 
  

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 (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. 
 (d) If at any time: 
 (i) the Trustee shall fail to comply with Section 310(b) of the
Trust Indenture Act after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, or 
 (ii) the Trustee shall cease to be eligible under Section 6.9 and shall fail to resign after written request therefor by the Company
or by any such Holder, or 
 (iii) 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, (A) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (B) subject to Section 5.14, any Holder who has been a bona fide Holder of a Security 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, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such
successor Trustee may be appointed with respect to the Securities of 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 6.11. 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 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If a successor Trustee does not take office within
60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company, or the Holders of at least 10% in aggregate principal amount of the Outstanding Securities may petition any court of competent jurisdiction for the
appointment of a successor Trustee. 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 6.11, any Holder who
has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the
Securities of such series. 
 (f) The Company shall give notice of each resignation and each removal of the Trustee with
respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 1.7. 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. 
  

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 Section 6.11. Acceptance of Appointment by Successor. 
 (a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed
shall execute, acknowledge and deliver to the Company, the Guarantors (if applicable) 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, if applicable, any Guarantor or the successor
Trustee, such retiring Trustee shall, upon payment of its charges and all other amounts payable to it hereunder, 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 nonetheless to the lien provided for in Section 6.7. 
 (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 Guarantors (if applicable), the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such
appointment and which (i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates, (ii) 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
(iii) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same trust 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,
any Guarantor (if applicable) or any successor Trustee, such retiring Trustee, upon payment of its charges and all other amounts payable to it hereunder, shall duly assign, transfer and deliver to such successor Trustee all property and money held
by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, subject nonetheless to the lien provided for in Section 6.7. 
 (c) Upon request of any such successor Trustee, the Company and, if applicable, the Guarantors shall execute any and all instruments for
more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 
  

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 (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 and the Trust Indenture Act. 
 Section 6.12. Merger,
Conversion, Consolidation or Succession to Business. 
 Any corporation into which the Trustee may be merged or converted or with which it
may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article Six, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case
any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so
authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
 Section 6.13. Preferential Collection of
Claims Against Company. 
 The Trustee is subject to Section 311(a) of the Trust Indenture Act, excluding any creditor relationship
listed in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent indicated therein. 
 Section 6.14. Appointment of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon exchange,
registration of transfer or partial redemption thereof or pursuant to Section 3.6, 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 of America, any State 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 all or substantially all of 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. 
  

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 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to the
Company and, if applicable, the Guarantors. 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 and, if applicable, the Guarantors. 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 and, if applicable, the Guarantors and shall mail written notice of such appointment by first-class mail, postage prepaid, to all Holders of Securities of the series with respect to which such
Authenticating Agent will serve, as their names and addresses appear in the Security Register. 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. 
 Except with respect to an Authenticating Agent appointed at the request of the Company or, if applicable, the Guarantors, the Trustee agrees to pay to
each Authenticating Agent from time to time reasonable compensation for its services under this Section 6.14, and the Trustee shall be entitled to be reimbursed by the Company or, if applicable, the Guarantors for such payments, subject to the
provisions of Section 6.7. 
 If an appointment with respect to one or more series is made pursuant to this Section 6.14, the
Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	 [                                     
                                        
       ],

	 As Trustee

  

			
	By:	 	  

		 	As Authenticating Agent
		
	By:	 	  

		 	Authorized Officer

  

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 ARTICLE SEVEN 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 Section 7.1. Company to Furnish Trustee Names
and Addresses of Holders. 
 The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to
it of the names and addresses of all Holders of Securities of each series and shall otherwise comply with Section 312(a) of the Trust Indenture Act. If the Trustee is not the Registrar, the Company will furnish to the Trustee at least seven
Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders of Securities of
each series and the Company shall otherwise comply with Section 312(a) of the Trust Indenture Act. 
 Section 7.2. Preservation of Information;
Communications to Holders. 
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names
and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 7.1 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any
list furnished to it as provided in Section 7.1 upon receipt of a new list so furnished. 
 (b) If three or more Holders
(herein referred to as “applicants”) apply in writing to the Trustee, and furnish to the Trustee reasonable proof that each such applicant has owned a Security for a period of at least six months preceding the date of such
application, and such application states that the applicants desire to communicate with other Holders with respect to their rights under this Indenture or under the Securities and is accompanied by a copy of the form of proxy or other communication
which such applicants propose to transmit, then the Trustee shall, within five Business Days after the receipt of such application, at its election, either 
 (i) afford such applicants access to the information preserved at the time by the Trustee in accordance with Section 7.2(a), or 
 (ii) inform such applicants as to the approximate number of Holders whose names and addresses appear in the information preserved at the
time by the Trustee in accordance with Section 7.2(a), and as to the approximate cost of mailing to such Holders the form of proxy or other communication, if any, specified in such application. 
 If the Trustee shall elect not to afford such applicants access to such information, the Trustee shall, upon the written request of such
applicants, mail to each Holder whose name and address appear in the information preserved at the time by the Trustee in accordance with Section 7.2(a) a copy of the form of proxy or other communication which is specified in such request, with
reasonable promptness after a tender to the Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless within five days after such tender the Trustee shall mail to such applicants
and file with the SEC, together with a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Trustee, such mailing would be contrary to the best interest of the Holders or would be in violation of
applicable law. Such written statement shall specify the basis of such opinion. If the SEC, after opportunity for a hearing upon the objections specified in the written statement so filed, shall enter an order refusing to sustain any of such
objections or if, after the entry of an order sustaining one or more of such objections, the SEC shall find, 

  

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after notice and opportunity for hearing, that all the objections so sustained have been met and shall enter an order so declaring, the Trustee shall mail
copies of such material to all such Holders with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the Trustee shall be relieved of any obligation or duty to such applicants respecting their application.

 (c) Every Holder of Securities, by receiving and holding the same, agrees with the Company, the Guarantors (if applicable)
and the Trustee that none of the Company, the Guarantors (if applicable) nor the Trustee nor any agent of any of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders in
accordance with Section 7.2(b), regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 7.2(b).

 Section 7.3. Reports by Trustee. 
 Within 60 days after each May 15 beginning with the May 15 following the date of this Indenture, and for so long as Securities remain outstanding, the Trustee will mail to the Holders of the Securities a brief report dated as of
such reporting date that complies with Section 313(a) of the Trust Indenture Act (but if no event described in Section 313(a) of the Trust Indenture Act has occurred within the twelve months preceding the reporting date, no report need be
transmitted). The Trustee also will comply with Section 313(b)(2) of the Trust Indenture Act. The Trustee will also transmit by mail all reports as required by Section 313(c) of the Trust Indenture Act. 
 A copy of each report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities are
listed, in accordance with Section 313(d) of the Trust Indenture Act. The Company will promptly notify the Trustee when any Securities are listed on any stock exchange and a copy of each report shall also be filed by the Company with the SEC,
in accordance with Section 313(d) of the Trust Indenture Act. 
 Section 7.4. Reports by Company. 
 So long as clauses (1), (2) and (3) of Section 314(a) of the Trust Indenture Act (or any successor provisions of law) are applicable to
this Indenture, the Company shall: 
 (a) file with the Trustee, within 15 days after the Company files the same with the SEC,
copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may from time to time by rules and regulations prescribe) which the Company may be required to file with
the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file information, documents or reports pursuant to either of said Sections, then it shall file with the Trustee and the SEC, in
accordance with rules and regulations prescribed from time to time by the SEC, such of the supplementary and periodic information, documents and reports which may be required pursuant to Section 13 of the Exchange Act in respect of a security
listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 
 (b) file with the Trustee and the SEC, in accordance with rules and regulations prescribed from time to time by the SEC, such additional information, documents and reports with respect to compliance by the Company with the conditions and
covenants of this Indenture as may be required from time to time by such rules and regulations; and 
  

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 (c) transmit by mail to all Holders, as their names and addresses appear in the Security
Register, within 30 days after the filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to clauses (a) and (b) of this Section as may be required by rules
and regulations prescribed from time to time by the SEC. 
 Delivery of such reports, information and documents to the Trustee
is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with
any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 ARTICLE EIGHT 
 CONSOLIDATION, AMALGAMATION, MERGER AND SALE 
 Section 8.1. Company May Consolidate, Etc., Only on Certain Terms. 
 The Company shall not consolidate or merge with or into any other Person or sell, convey, transfer, lease or otherwise dispose of all or substantially all of the properties and assets of the Company and, if
applicable, the Guarantors on a consolidated basis to any other Person unless: 
 (a) either: (i) the Company is the
surviving corporation; or (ii) the Person formed by or surviving any such consolidation, amalgamation or merger or resulting from such conversion (if other than the Company) or to which such sale, assignment, transfer, conveyance or other
disposition has been made is a corporation, limited liability company or limited partnership organized or existing under the laws of the United States, any state of the United States or the District of Columbia; 
 (b) the Person formed by or surviving any such conversion, consolidation, amalgamation or merger (if other than the Company) or the Person
to which such sale, assignment, transfer, conveyance or other disposition has been made assumes by a supplemental indenture, 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 on all the Securities and the performance of every covenant of this Indenture on the part of the Company to be performed and observed; provided that, unless such Person is a corporation, a corporate
co-issuer of the Securities will be added to this Indenture by a supplemental indenture; 
 (c) 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 
 (d) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such
consolidation, amalgamation, merger, conveyance, sale, transfer or lease and such supplemental indenture, if any, comply with this Article Eight and that all conditions precedent herein provided for relating to such transaction have been
complied with. 
 Section 8.2. Successor Substituted. 
 Upon any consolidation or merger of the Company with or into any other Person or any sale, conveyance, transfer, lease or other disposition of all or substantially all of the properties and assets of the Company and,
if applicable, the Guarantors on a consolidated basis in accordance with Section 8.1, the 

  

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successor or resulting Person formed by or resulting upon such consolidation or merger (if other than the Company) or to which such sale, conveyance,
transfer, lease or other disposition 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 Company and each of the Guarantors shall be relieved of all obligations and covenants under this Indenture and the Securities. 
 ARTICLE NINE 
 AMENDMENT, SUPPLEMENT AND WAIVER 
 Section 9.1. Without Consent of Holders. 
 Without the consent of any Holder of a Security, the Company, the Guarantors (if any) and the Trustee may amend or supplement this Indenture, the Securities Guarantees or the Securities to: 
 (a) cure any ambiguity or defect or to correct or supplement any provision herein that may be inconsistent with any other provision
herein; 
 (b) evidence the succession of another Person to the Company and the assumption by any such successor of the
covenants of the Company herein and, to the extent applicable, to the Securities; 
 (c) provide for uncertificated Securities
in addition to or in place of certificated Securities; 
 (d) add a Securities Guarantee and cause any Person to become a
Guarantor, and/or to evidence the succession of another Person to a Guarantor and the assumption by any such successor of the Securities Guarantee of such Guarantor herein and, to the extent applicable, endorsed upon any Securities of any series;

 (e) secure the Securities of any series; 
 (f) add to the covenants of the Company such further covenants, restrictions, conditions or provisions as the Company shall consider to be
appropriate for the benefit of the Holders of all or any series of Securities (and if such covenants, restrictions, conditions or provisions are to be for the benefit of less than all series of Securities, stating that such covenants are expressly
being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Company and to make the occurrence, or the occurrence and continuance, of a Default in any such additional covenants, restrictions,
conditions or provisions an Event of Default permitting the enforcement of all or any of the several remedies provided in this Indenture as herein set forth; provided, that in respect of any such additional covenant, restriction, condition or
provision, such supplemental indenture may provide for a particular period of grace after Default (which period may be shorter or longer than that allowed in the case of other Defaults) or may provide for an immediate enforcement upon such an Event
of Default or may limit the remedies available to the Trustee upon such an Event of Default or may limit the right of the Holders of a majority in aggregate principal amount of the Securities of such series to waive such an Event of Default;

 (g) make any change to any provision of this Indenture that would provide any additional rights or benefits to the Holders
of Securities or that does not adversely affect the rights or interests of any such Holder; 
  

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 (h) provide for the issuance of additional Securities in accordance with the provisions
set forth in this Indenture on the date of this Indenture; 
 (i) add any additional Defaults or Events of Default in respect
of all or any series of Securities; 
 (j) change or eliminate any of the provisions of this Indenture; provided that
any such change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision; 
 (k) establish the form or terms of Securities of any series as permitted by Section 2.1 and Section 3.1, including to reopen any
series of any Securities as permitted under Section 3.1; 
 (l) evidence and provide for the acceptance of appointment
hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by
more than one Trustee, pursuant to the requirements of Section 6.11(b); 
 (m) conform the text of this Indenture (and/or
any supplemental indenture) or any Securities issued hereunder to any provision of a description of such Securities appearing in a prospectus or prospectus supplement or an offering memorandum or offering circular pursuant to which such Securities
were offered to the extent that such provision was intended to be a verbatim recitation of a provision of this Indenture (and/or any supplemental indenture) or any Securities or Securities Guarantee issued hereunder; 
 (n) add a corporate co-issuer in accordance with Section 8.1 hereof; or 
 (o) modify, eliminate or add to the provisions of this Indenture to such extent as shall be necessary to effect the qualification of this
Indenture under the Trust Indenture Act, or under any similar federal statute subsequently enacted, and to add to this Indenture such other provisions as may be expressly required under the Trust Indenture Act. 
 Upon the request of the Company accompanied by a Board Resolution authorizing the execution of any such amended or supplemental indenture, and upon
receipt by the Trustee of the documents described in Section 9.3 hereof, the Trustee is hereby authorized to join with the Company and any Guarantor in the execution of any such supplemental indenture, to make any further appropriate agreements
and stipulations that may be therein contained and to accept the conveyance, transfer, assignment, mortgage, charge or pledge of any property thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture that
affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Section 9.2. With Consent of Holders.

 The Company and the Trustee may amend or supplement this Indenture, the Securities Guarantees and the Securities with the consent of the
Holders of a majority in aggregate principal amount of the Outstanding Securities of each series of Securities affected by such amendment or supplemental indenture, with each such series voting as a separate class (including, without limitation,
consents obtained in connection with a purchase of, or tender offer or exchange offer for Securities) and, subject to Section 5.8 and Section 5.13 hereof, any existing Default or Event of Default or compliance with any provision of this
Indenture, the Securities Guarantees or the Securities may be waived with respect to 

  

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each series of Securities with the consent of the Holders of a majority in principal amount of the Outstanding Securities of such series voting as a separate
class (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities). 
 Upon the request
of the Company accompanied by a Board Resolution authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Securities as
aforesaid, and upon receipt by the Trustee of the documents described in Section 9.3 hereof, the Trustee will join with the Company and the Guarantors in the execution of such amended or supplemental indenture unless such amended or
supplemental indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental
Indenture. 
 It is not necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of
any proposed amendment, supplement or waiver, but it is sufficient if such consent approves the substance of the proposed amendment, supplement or waiver. 
 After an amendment, supplement or waiver under this Section 9.2 becomes effective, the Company will mail to the Holders of Securities affected thereby a notice briefly describing the amendment, supplement or
waiver. Any failure of the Company to mail such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver. Subject to Section 5.8 and Section 5.13
hereof, the application of or compliance with, either generally or in any particular instance, any provision of this Indenture, the Securities or the Securities Guarantees may be waived as to each series of Securities by the Holders of a majority in
aggregate principal amount of the Outstanding Securities of such series. However, without the consent of each Holder affected, an amendment, supplement or waiver under this Section 9.2 may not (with respect to any Securities held by a
non-consenting Holder): 
 (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 any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable
upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2, or change any Place of Payment where, or the coin or currency 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 thereof (or, in the case of redemption, on or after the Redemption Date therefor), 
 (b) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for
any such amendment, supplement or waiver, 
 (c) modify any of the provisions of Section 5.8, Section 5.13 or
Section 10.6, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided,
however, that this clause (c) 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 Section 6.11(b) and Section 9.1(i); 
 (d) waive a redemption payment with
respect to any Security; provided, however, that any purchase or repurchase of Securities shall not be deemed a redemption of the Securities; 
  

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 (e) release any Guarantor from any of its obligations under its Securities Guarantee or
this Indenture, except in accordance with the terms of this Indenture (as supplemented by any supplemental indenture); or 
 (f) make any change in the foregoing amendment and waiver provisions. 
 A supplemental indenture that changes or eliminates any
covenant or other provision of this Indenture that has expressly been included solely for the benefit of one or more particular series of Securities, or that 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. 
 Section 9.3. 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 entitled to receive, and (subject to Section 6.1) shall be fully protected in relying upon, an
Officer’s Certificate and an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture
which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Section 9.4. Effect of Supplemental
Indentures. 
 Upon the execution of any supplemental indenture under this Article Nine, this Indenture shall be modified in
accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 Section 9.5. Conformity with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article Nine shall conform to the requirements of the Trust Indenture Act as then in effect. 
 Section 9.6. Reference in Securities to Supplemental Indentures. 
 Securities of any series authenticated and delivered
after the execution of any supplemental indenture pursuant to this Article Nine may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the
Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the
Trustee in exchange for Outstanding Securities of such series. 
 Section 9.7. Revocation and Effect of Consents. 
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder of a Security
and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder of a Security or
subsequent Holder of a Security may revoke the consent as to its Security if the Trustee receives written notice of revocation before the date the amendment, supplement or waiver becomes effective. An amendment, supplement or waiver becomes
effective in accordance with its terms and thereafter binds every Holder. 
  

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 Section 9.8. Notation on or Exchange of Securities. 
 The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Security thereafter authenticated. The Company in exchange
for all Securities may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Securities that reflect the amendment, supplement or waiver. Failure to make the appropriate notation or issue a new Security will not
affect the validity and effect of such amendment, supplement or waiver. 
 ARTICLE TEN 
 COVENANTS 
 Section 10.1. Payment of
Principal, Premium and Interest. 
 The Company covenants and agrees for the benefit of each series of Securities that it will duly and
punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 
 Section 10.2. Maintenance of Office or Agency. 
 The Company will maintain in the United States, an office or agency
(which may be an office of the Trustee or Registrar or agent of the Trustee or Registrar) where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location,
of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served
at the Corporate Trust Office of the Trustee. 
 The Company may also from time to time designate one or more other offices or agencies where
the Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Company will give prompt written notice to the Trustee of any such designation or rescission
and of any change in the location of any such other office or agency. 
 Except as otherwise specified with respect to a series of Securities
as contemplated by Section 3.1, the Company hereby initially designates the office of the Trustee located at 101 Barclay Street, 8W, New York, New York 10286, as the Company’s office or agency for each such purpose for each series of
Securities. 
 Section 10.3. Money for Securities Payments to Be Held in Trust. 
 If the Company shall at any time act as its own Paying Agent, with respect to any series of Securities, it will, on or before each due date of the
principal of and any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due until
such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will
serve as Paying Agent for the Securities. 
  

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 Whenever the Company shall have one or more Paying Agents for any series of Securities, it will, prior to
each due date of the principal of and any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay the principal and any premium or interest so becoming due, such sum to be held in trust for the
benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. For purposes of this Section 10.3, should a
due date for principal of and any premium or interest on, or sinking fund payment with respect to any series of Securities not be on a Business Day, such payment shall be due on the next Business Day without any interest for the period from the due
date until such Business Day. 
 The Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and
deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 
 (a) hold all sums held by it for the payment of the principal of and any premium or interest on Securities of that series in trust for the
benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (b) give the Trustee notice of any Default by the Company (or any other obligor upon the Securities of that series) in the making of any payment of principal and any premium or interest on the Securities of that series; and 
 (c) at any time during the continuance of any such Default, upon the written request of the Trustee, forthwith pay to the Trustee all sums
so held in trust by such Paying Agent. 
 The Company and, if applicable, the Guarantors may at any time, for the purpose of obtaining the
satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the
same trusts as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.

 Subject to any applicable escheat or abandoned property laws, 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 any premium or interest on any Security of any series and remaining unclaimed for one year after such principal and any premium or 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 the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of
the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company cause to be published once, in the New York Times and The Wall Street Journal (national edition) notice that such money remains unclaimed and that, after a date specified therein, which shall not be less
than 30 days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company. 
 Section 10.4.
Existence. 
 Subject to Article Eight, the Company and, if any Securities of a series to which Article Fourteen has been
made applicable are Outstanding, each Guarantor will do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights (charter and statutory) and 

  

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franchises; provided, however, that the Company and, if applicable, each Guarantor shall not be required to preserve any such right or
franchise if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company or such Guarantor, as the case may be. 
 Section 10.5. Statement by Officers as to Default. 
 Annually, within 150 days after the close of each fiscal year beginning with the first fiscal year during which one or more series of Securities are Outstanding, the Company and, if any Securities of a series to which Article Fourteen
has been made applicable are Outstanding, each Guarantor will deliver to the Trustee a certificate (including the statements set forth in Section 1.3) from the principal executive officer, principal financial officer or principal accounting
officer of the Company and, if applicable, such Guarantor as to his or her knowledge of the Company’s or such Guarantor’s, as the case may be, compliance (without regard to any period of grace or requirement of notice provided herein) with
all conditions and covenants under the Indenture and if the Company, or such Guarantor, shall not be in compliance, specifying such non-compliance and the nature and status thereof of which such officer may have knowledge. If the Company or such
Guarantor, as the case may be, shall be in Default or an Event of Default has occurred, the Company or such Guarantor shall deliver to the Trustee within five Business Days of the Company or such Guarantor, as the case may be, becoming aware of any
Default or Event of Default, an Officers’ Certificate setting forth the details of such Defaults or Events of Defaults and the actions which the Company or such Guarantor, as the case may be, proposes to take with respect thereto. 

Section 10.6. Additional Amounts. 
 If the
Securities of a series provide for the payment of additional amounts (as provided in Section 3.1(o)), at least 10 days prior to the first Interest Payment Date with respect to that series of Securities and at least 10 days prior to each date of
payment of principal of, premium, if any, or interest on the Securities of that series if there has been a change with respect to the matters set forth in the below-mentioned Officers’ Certificate, the Company shall furnish to the Trustee and
the principal Paying Agent, if other than the Trustee, an Officers’ Certificate instructing the Trustee and such Paying Agent whether such payment of principal of, premium, if any, or interest on the Securities of that series shall be made to
holders of the Securities of that series without withholding or deduction for or on account of any tax, assessment or other governmental charge described in the Securities of that series. If any such withholding or deduction shall be required, then
such Officers’ Certificate shall specify by country the amount, if any, required to be withheld or deducted on such payments to such holders and shall certify the fact that additional amounts will be payable and the amounts so payable to each
holder, and the Company shall pay to the Trustee or such Paying Agent the additional amounts required to be paid by this Section. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss,
liability or expense reasonably incurred without gross negligence or willful misconduct on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to
this Section 10.6. 
 Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium,
interest or any other amounts on, or in respect of, any Securities of any series, such mention shall be deemed to include mention of the payment of additional amounts provided by the terms of such series established hereby or pursuant hereto to the
extent that, in such context, additional amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of additional amounts (if applicable) in any provision hereof shall not be construed as
excluding the payment of additional amounts in those provisions hereof where such express mention is not made. 
  

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 ARTICLE ELEVEN 
 REDEMPTION OF SECURITIES 
 Section 11.1. Applicability of Article. 
 Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise
specified as contemplated by Section 3.1 for Securities of any series) in accordance with this Article Eleven. 
 Section 11.2. Election to
Redeem; Notice to Trustee. 
 The election of the Company to redeem any Securities shall be evidenced by a Board Resolution. In case of
any redemption at the election of the Company of less than all the Securities of any series, the Company shall, at least 30 days prior to the last date for the giving of notice of such redemption (unless a shorter notice shall be satisfactory to the
Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the 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 that is subject to a condition specified in the terms
of the Securities of the series to be redeemed, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction or condition. 
 Section 11.3. Selection by Trustee of Securities to Be Redeemed. 
 If less than all the
Securities of any series are to be redeemed (unless all of the Securities of such series and of a specified tenor are to be redeemed), the particular Securities to be redeemed shall be selected not more than 45 days prior to the Redemption Date by
the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions (equal to the minimum
authorized denomination for Securities of that series or any integral multiple thereof) of the principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of that series. 

The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Securities selected for
partial redemption, the principal amount thereof to be redeemed. If the Securities of any series to be redeemed consist of Securities having different dates on which the principal is payable or different rates of interest, or different methods by
which interest may be determined or have any other different tenor or terms, then the Company may, by written notice to the Trustee, direct that the Securities of such series to be redeemed shall be selected from among the groups of such Securities
having specified tenor or terms and the Trustee shall thereafter select the particular Securities to be redeemed in the manner set forth in the preceding paragraph from among the group of such Securities so specified. 
 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. 
  

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 Section 11.4. Notice of Redemption. 
 Notice of redemption shall be given by first-class mail, postage prepaid, mailed not less than 30 nor more than 60 days prior to the Redemption Date, to
each Holder of Securities to be redeemed, at his address appearing in the Security Register. 
 All notices of redemption shall state:

 (a) the Redemption Date, 
 (b) the Redemption Price, or if not then ascertainable, the manner of calculation thereof, 
 (c) if less than all the Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial redemption, the principal amounts) of the particular Securities to be redeemed, 
 (d) that on the Redemption Date the Redemption Price 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 
 (f) that the redemption is for a sinking fund, if
such is the case. 
 Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the Company; provided, however, that the Company has delivered to the Trustee, at least 45 days (unless a shorter period shall be acceptable to the Trustee) prior to the
Redemption Date, an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice. 
 Section 11.5. Deposit of Redemption Price. 
 Prior to any Redemption Date, the Company shall deposit with the Trustee or
with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.3) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an
Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date. 
 Section 11.6. Securities Payable on
Redemption Date. 
 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date,
become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon
surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that unless
otherwise specified with respect to Securities of any series as contemplated in Section 3.1, installments of interest whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more
Predecessor Securities, registered as such at the close of business on the relevant record dates according to their terms and the provisions of Section 3.7. 
  

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 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the
principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 Section 11.7. Securities Redeemed in Part. 
 Any Security which is to be redeemed only in part shall be surrendered at a
Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly
authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series and tenor, of any authorized denomination as
requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
 ARTICLE TWELVE 
 SINKING FUNDS 
 Section 12.1. Applicability of Article. 
 The
provisions of this Article Twelve shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise specified as contemplated by Section 3.1 for Securities of such series. 
 The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “Mandatory
Sinking Fund Payment”, and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “Optional Sinking Fund Payment.” If provided for by the terms of
Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms
of Securities of such series. 
 Section 12.2. Satisfaction of Sinking Fund Payments with Securities. 
 The Company (a) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (b) may apply as a credit
Securities of a series which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted Optional Sinking Fund Payments pursuant to the terms of such Securities, in each
case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided that such
Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount
of such sinking fund payment shall be reduced accordingly. 
 Section 12.3. Redemption of Securities for Sinking Fund. 
 Not less than 45 days prior to each sinking fund payment date for any series of Securities (unless a shorter period shall be satisfactory to the Trustee),
the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by
payment of cash and the portion 

  

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thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 12.2 and stating the basis for such
credit and that such Securities have not been previously so credited, and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to
be redeemed upon such sinking fund payment date in the manner specified in Section 11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 11.4. Such
notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 11.6 and Section 11.7. 
 ARTICLE THIRTEEN 
 DEFEASANCE 
 Section 13.1. Option to Effect Legal Defeasance or Covenant Defeasance. 
 The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate, and at any time, elect to have either Section 13.2 or Section 13.3 hereof be
applied to all outstanding Securities upon compliance with the conditions set forth below in this Article Thirteen. 
 Section 13.2. Legal
Defeasance and Discharge. 
 Upon the Company’s exercise under Section 13.1 hereof of the option applicable to this
Section 13.2, the Company and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 13.4 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Securities
(including the Securities Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and the Guarantors will be deemed to have
paid and discharged the entire Debt represented by the outstanding Securities (including the Securities Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of Section 13.5 hereof and the other
sections of this Indenture referred to in clauses (a) and (b) below, and to have satisfied all their other obligations under such Securities, the Securities Guarantees and this Indenture (and the Trustee, on demand of and at the expense of
the Company, shall execute proper instruments acknowledging the same), except for the following provisions which will survive until otherwise terminated or discharged hereunder: 
 (a) the rights of Holders of Outstanding Securities to receive payments in respect of the principal of, or interest or premium, if any, on
such Securities when such payments are due from the trust referred to in Section 13.4 hereof; 
 (b) the Company’s
obligations with respect to such Securities under Section 3.4, Section 3.5, Section 3.6, Section 10.2 and Section 10.3 hereof; 
 (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s and the Guarantors’ obligations in connection therewith; and 
 (d) this Article Thirteen. 
 Subject to compliance with this Article Thirteen, the Company may exercise its option under this Section 13.2 notwithstanding the prior exercise of its option under Section 13.3 hereof. 
  

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 Section 13.3. Covenant Defeasance. 
 Upon the Company’s exercise under Section 13.1 hereof of the option applicable to this Section 13.3, the Company and each of the Guarantors
will, subject to the satisfaction of the conditions set forth in Section 13.4 hereof, be released from each of their obligations under the covenants contained in Section 7.4, Section 8.1 and Section 10.4 hereof as well as any
Additional Defeasible Provisions (such release and termination hereinafter referred to as “Covenant Defeasance”), and the Securities will thereafter be deemed not “outstanding” for the purposes of any direction, waiver,
consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Securities will
not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Securities and Securities Guarantees, the Company and the Guarantors may omit to comply with and will have no
liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any
other provision herein or in any other document and such omission to comply will not constitute a Default or an Event of Default under Section 5.1 hereof, but, except as specified above, the remainder of this Indenture and such Securities and
Securities Guarantees will be unaffected thereby. In addition, upon the Company’s exercise under Section 13.1 hereof of the option applicable to this Section 13.3 hereof, subject to the satisfaction of the conditions set forth in
Section 13.4 hereof, Section 5.1(c) and Section 5.1(d) hereof and will not constitute Events of Default. 
 Section 13.4. Conditions
to Legal or Covenant Defeasance. 
 In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 13.2 or
Section 13.3 hereof: 
 (a) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the
Holders of the Securities, cash in U.S. dollars, non-callable Government Securities, or a combination of cash in U.S. dollars and non-callable Government Securities, in such amounts as will be sufficient, in the opinion of a nationally recognized
investment bank, nationally recognized appraisal firm, or nationally recognized firm of independent public accountants to pay the principal of, or interest and premium, if any, on the Outstanding Securities on the stated date for payment thereof or
on the applicable Redemption Date, as the case may be, and the Company must specify whether the Securities are being defeased to such stated date for payment or to a particular Redemption Date; 
 (b) in the case of an election under Section 13.2 hereof, the Company must deliver to the Trustee an Opinion of Counsel confirming
that: 
 (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or

 (ii) since the Issue Date, there has been a change in the applicable U.S. federal income tax law, 
 in either case to the effect that, and based thereon such Opinion of Counsel will confirm that, the Holders of the Outstanding Securities will not
recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such
Legal Defeasance had not occurred; 
  

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 (c) in the case of an election under Section 13.3 hereof, the Company must deliver
to the Trustee an Opinion of Counsel confirming that the Holders of the Outstanding Securities will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal
income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
 (d) no Default or Event of Default has occurred and is continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 

(e) the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Company
or any Guarantor is a party or by which the Company or any Guarantor is bound; 
 (f) such Legal Defeasance or Covenant
Defeasance will not result in a breach or violation of, or constitute a default under, any material agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its
Subsidiaries is bound; 
 (g) the Company must deliver to the Trustee an Officers’ Certificate stating that the deposit
was not made by the Company with the intent of preferring the Holders of Securities over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company or others; 
 (h) the Company must deliver to the Trustee an Officers’ Certificate, stating that all conditions precedent set forth in clauses
(a) through (g) of this Section 13.4 have been complied with; and 
 (i) the Company must deliver to the
Trustee an Opinion of Counsel, stating that all conditions precedent set forth in clauses (b), (c) and (e) of this Section 13.4 have been complied with. 
 Section 13.5. Deposited Money and Government Securities to be Held in Trust, Other Miscellaneous Provisions. 
 Subject to Section 13.6 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this
Section 13.5, the “Trustee”) pursuant to Section 13.4 hereof in respect of the Outstanding Securities will be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this
Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal,
premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 
 The Company
will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 13.4 hereof or the principal and interest received in respect
thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding Securities. 
  

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 Notwithstanding anything in this Article Thirteen to the contrary, the Trustee will deliver or pay
to the Company from time to time upon the request of the Company any money or non-callable Government Securities held by it as provided in Section 13.4 hereof which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 13.4(a) hereof), are in excess of the amount thereof that would then be required to be deposited to effect an
equivalent Legal Defeasance or Covenant Defeasance. 
 Section 13.6. Repayment. 
 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, premium, if any, or
interest on any Security and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the Company) will be discharged from such
trust; and the Holder of such Security will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee
thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in the New York Times and The Wall Street
Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining
will be repaid to the Company. 
 Section 13.7. Reinstatement. 
 If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 13.2 or Section 13.3 hereof, as the case may be, by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s and the Guarantors’ obligations under this Indenture and the Securities and the Securities
Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 13.2 or Section 13.3 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with
Section 13.2 or Section 13.3 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Security following the reinstatement of its obligations, the
Company will be subrogated to the rights of the Holders of such Securities to receive such payment from the money held by the Trustee or Paying Agent. 
 ARTICLE FOURTEEN 
 GUARANTEE OF SECURITIES 
 Section 14.1. Securities Guarantee. 
 (a) Subject to the other provisions of this Article Fourteen, each of the Guarantors hereby jointly and severally, guarantees to each Holder of a Security of each series to which this Article Fourteen has been made applicable as
provided in Section 3.1(t) (the Securities of such series being referred to herein as the “Guaranteed Securities”) (which Security has been authenticated and delivered by the Trustee), and to the Trustee and its successors and
assigns, irrespective of the validity and enforceability of this Indenture, the Guaranteed Securities, the obligations of the Company hereunder or thereunder, that: 
 (i) the principal of, premium, if any, and interest on the Guaranteed Securities will be promptly paid in full when due, whether at
maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Guaranteed Securities, if any, if lawful, and all other obligations of the Company to the Holders of Guaranteed Securities, or the
Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 
  

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 (ii) in case of any extension of time of payment or renewal of any Guaranteed Securities
or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
 Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will be jointly and severally
obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 
 (b) To the extent permissible under applicable law, the obligations of the Guarantors under this Securities Guarantee are unconditional, irrespective of the validity, regularity or enforceability of the Guaranteed Securities or this
Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Guaranteed Securities with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the
same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. To the extent permitted by applicable law, each Guarantor hereby waives diligence, presentment, demand of payment, filing of
claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that this Securities Guarantee will not be discharged
except by complete performance of the obligations contained in the Guaranteed Securities and this Indenture. 
 (c) If any
Holder or the Trustee is required by any court or otherwise to return to the Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by
either to the Trustee or such Holder, this Securities Guarantee, to the extent theretofore discharged, will be reinstated in full force and effect. 
 (d) Each Guarantor agrees that it will not be entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby.
Each Guarantor further agrees that, to the extent permitted by applicable law, as between the Guarantors, on the one hand, and the Holders of Guaranteed Securities and the Trustee, on the other hand, (1) the maturity of the obligations
guaranteed hereby may be accelerated as provided in Article Five hereof for the purposes of this Securities Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations
guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article Five hereof, such obligations (regardless of whether due and payable) will forthwith become due and payable by the
Guarantors for the purpose of this Securities Guarantee. The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Securities
Guarantee. 
  

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 Section 14.2. Limitation on Guarantor Liability. 
 Each Guarantor, and by its acceptance of Guaranteed Securities, each Holder thereof, hereby confirms that it is the intention of all such parties that the
Securities Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent
applicable to any Securities Guarantee. To effectuate the foregoing intention, to the extent permitted under applicable law, the Trustee, the Holders and each Guarantor hereby irrevocably agree that the obligations of such Guarantor will be limited
to the maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive
contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article Fourteen, result in the obligations of such Guarantor under its Securities Guarantee not
constituting a fraudulent transfer or conveyance. 
 Section 14.3. Execution and Delivery of Securities Guarantee Notation. 
 To evidence its Securities Guarantee set forth in Section 14.1 hereof, each Guarantor hereby agrees that a notation of such Securities Guarantee
substantially in the form set forth in Section 2.3 or established pursuant to a Board Resolution or in a supplemental indenture, in accordance with the provisions of Section 2.1, will be endorsed by an officer of such Guarantor on each
Guaranteed Security authenticated and delivered by the Trustee and that this Indenture will be executed on behalf of such Guarantor by one of its officers. 
 Each Guarantor hereby agrees that its Securities Guarantee set forth in Section 14.1 hereof will remain in full force and effect notwithstanding any failure to endorse on each Guaranteed Security a notation of
such Securities Guarantee. 
 If an officer whose signature is on this Indenture or on the Securities Guarantee no longer holds that office
at the time the Trustee authenticates the Guaranteed Security on which a Securities Guarantee is endorsed, the Securities Guarantee will be valid nevertheless. 
 The delivery of any Guaranteed Security by the Trustee, after the authentication thereof hereunder, will constitute due delivery of the Securities Guarantee of such Guaranteed Security set forth in this Indenture on
behalf of the Guarantors. 
 * * * 
  

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

			
	PETROLEUM DEVELOPMENT CORPORATION
		
	By:	 	 /s/ Steven Williams

	Name:	 	Steven Williams
	Title:	 	Chief Executive Officer
	
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	 /s/ Mary LaGumina

	Name:	 	Mary LaGumina
	Title:	 	Vice President

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