Document:

Stockholders Agreement dated as of September 3, 2006

 Exhibit 10.1 
 STOCKHOLDERS AGREEMENT 
 THIS STOCKHOLDERS AGREEMENT is made and entered into as of September 3, 2006
(this “Agreement”) among Pinnacle Entertainment, Inc., a Delaware corporation (“Parent”), American Real Estate Holdings Limited Partnership, a Delaware limited partnership (“AREH”), and AREP Sands
Holding, LLC, a Delaware limited liability company (“AREP Sands”) (AREH and AREP Sands are each referred to herein as an “Icahn Affiliated Party” and, collectively, as the “Icahn Affiliated Parties”). 
 WHEREAS, Parent, Atlantic Coast Entertainment Holdings, Inc., a Delaware corporation (the “Company” or “ACE Hi”), ACE
Gaming, LLC, a New Jersey limited liability company (“ACE Lo”), AREH, AREP Boardwalk Properties LLC, a Delaware limited liability company (“Boardwalk”), PSW Properties LLC, a Delaware limited liability company
(“MLK I”), AREH MLK LLC, a Delaware limited liability company (“MLK II”), Mitre Associates LLC, a Delaware limited liability company (“MLK III” and, together with Boardwalk, MLK I and MLK II, the
“AREH Subs”), are entering into an Acquisition Agreement dated as of the date hereof (as the same may be amended or supplemented to reflect any Increased Parent Transaction (as defined in Section 5(a) below), the
“Acquisition Agreement”); capitalized terms used but not defined herein shall have the meanings set forth in the Acquisition Agreement; 
 WHEREAS, the Icahn Affiliated Parties collectively Beneficially Own (as defined below) an aggregate of 6,344,074 shares of common stock, $0.01 par value per share, of the Company (“Company Common
Stock”), consisting of 4,029,084 shares of Company Common Stock and 2,314,990 shares of Company Common Stock issuable upon conversion of $35,124,000 in aggregate principal amount of 3% Notes of the Company due July 22, 2008
(“3% Notes”), representing in the aggregate approximately 63.44% of the outstanding shares of Company Common Stock on a Fully Diluted Basis (as defined in Section 5). The Icahn Affiliated Parties do not Beneficially Own any of
the warrants to purchase Company Common Stock at $0.01 per share (“Warrants”); 
 WHEREAS, each Icahn Affiliated Party which
is a record owner of shares of Company Common Stock (individually, a “Stockholder”, and, collectively, the “Stockholders”) is the record owner of shares of Company Common Stock set forth opposite its name on
Schedule 1 hereto (such shares of Company Common Stock, together with any other shares of capital stock of the Company acquired by the Stockholder after the date hereof and during the term of this Agreement, being collectively referred to herein as
the “Subject Shares” of the Stockholder); 
 WHEREAS, each Icahn Affiliated Party which is a record holder of Warrants,
other rights to acquire shares of Company Common Stock or 3% Notes is the record holder of such securities set forth opposite its name on Schedule 1 hereto (such Warrants, other rights and 3% Notes, together with any other securities or other
interests in securities of the Company (other than the Subject Shares) acquired by such Icahn Affiliated Party after the date hereof and during the term of this Agreement, being collectively referred to herein as the “Other Subject
Securities” of such Icahn Affiliated Party); 

 WHEREAS, the Icahn Affiliated Parties Beneficially Own 7,748,744 shares of common stock, $.01 par value
per share (the “GB Common Stock”), of GB Holdings, Inc. (“GB Holdings”), representing approximately 77.5% of the outstanding shares of GB Holdings’ common stock. On September 29, 2005, GB Holdings filed a
voluntary petition for relief under Chapter 11 of Title 11 of the United States Code with the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”), Case No. 05-42736JHW, and is currently
operating as a debtor in possession in such Chapter 11 case. Such Chapter 11 case of GB Holdings, and any all appeals and related proceedings (including without limitation those relating to any Federal or state avoiding statute, in a non-bankruptcy
court), is referred to herein as the “Bankruptcy Case”; 
 WHEREAS, each Icahn Affiliated Party which is a record holder of
GB Holdings common stock is the record holder of such securities set forth opposite its name on Schedule 1 hereto; and 
 WHEREAS, as a
condition to its willingness to enter into the Acquisition Agreement, Parent has requested that each Icahn Affiliated Party enter into this Agreement. 
 NOW, THEREFORE, the parties hereto agree as follows: 
 SECTION 1. Representations and Warranties of
Icahn Affiliated Parties. The Icahn Affiliated Parties jointly and severally represent and warrant to Parent as of the date hereof as follows: 
 (a) Organization; Authority; Execution and Delivery; No Conflicts; Enforceability. Each Icahn Affiliated Party (if not a natural person) is duly organized, validly existing and in good standing under the laws of the jurisdiction in
which it is organized. Each Icahn Affiliated Party has all requisite power and authority to execute and deliver this Agreement and (if it is a Stockholder) the Written Consent of the Holders of Common Stock of the Company attached hereto as Exhibit
A (the “Stockholder Consent”) and to perform its obligations hereunder and comply with the terms hereof. The execution and delivery by each Icahn Affiliated Party of this Agreement and the Stockholder Consent (if it is a Stockholder) and
the performance of its obligations hereunder and compliance with the terms hereof have been duly authorized by all necessary action on the part of such Icahn Affiliated Party. Each Icahn Affiliated Party has duly executed and delivered this
Agreement, and this Agreement constitutes the legal, valid and binding obligation of such Icahn Affiliated Party, enforceable against such Icahn Affiliated Party in accordance with its terms. The execution and delivery by each Icahn Affiliated Party
of this Agreement and the Stockholder Consent (if it is a Stockholder) do not, and the performance of its obligations hereunder and compliance with the terms hereof will not, conflict with, or result in any violation of, or default (with or without
notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or loss of a material benefit under, or result in the creation of any Lien (other than Liens created pursuant to this
Agreement) upon any of the assets of such Icahn Affiliated Party under, any provision of (i) any organizational documents of such Icahn Affiliated Party, (ii) any Contract to which such Icahn Affiliated Party is a party or by which assets
of such Icahn Affiliated Party are bound or (iii) subject to the filings and other matters referred to in the next sentence, any provision of any Judgment or Law applicable to such Icahn Affiliated Party or the assets of 
  

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 such Icahn Affiliated Party, other than, in the case of clauses (ii) and (iii) above, any such items that,
individually or in the aggregate, have not materially impaired or delayed, and are not reasonably likely to materially impair or delay, such Icahn Affiliated Party’s ability to perform its obligations hereunder or comply with the terms hereof.
No Consent of, or registration, declaration or filing with, any Governmental Entity is required to be obtained or made by or with respect to each Icahn Affiliated Party in connection with the execution, delivery and performance of this Agreement or
the execution and delivery of the Stockholder Consent (if it is a Stockholder) or the performance of its obligations hereunder or the compliance with the terms hereof other than (x) the filing with the SEC of such reports under the Exchange Act
as may be required in connection with this Agreement and (y) such other Consents, registrations, declarations or filings that are contemplated by the Acquisition Agreement or the failure of which to obtain or make are not, individually or in
the aggregate, reasonably likely to materially impair or delay such Icahn Affiliated Party’s ability to perform its obligations hereunder or comply with the terms hereof. 
 (b) The Subject Shares, Other Subject Securities and GB Holdings Securities. Each Stockholder is the record and Beneficial Owner of, or is the
trustee of a trust that is the record holder of, and whose beneficiaries are the Beneficial Owners of, and has good and marketable title to, the Subject Shares set forth opposite its name on Schedule 1 attached hereto, free and clear of any
Liens (other than Liens created pursuant to the terms of this Agreement or arising under federal or state securities Laws). Each Stockholder does not own, of record or Beneficially, any shares of capital stock of the Company other than the Subject
Shares set forth opposite its name on Schedule 1 attached hereto. Each Stockholder does not own, of record or beneficially, any other securities of or interests in the Company, or any options, warrants, convertible securities, exchangeable
securities or other similar rights entitling the holder thereof to acquire shares of capital stock of the Company, other than the Subject Shares and the Other Subject Securities set forth opposite its name on Schedule 1 attached hereto. The Other
Subject Securities are not entitled to vote on the approval of the Acquisition Agreement or the Purchase. Each Stockholder has the sole right to vote such Subject Shares, and none of such Subject Shares is subject to any voting trust or other
agreement, arrangement or restriction with respect to the voting of such Subject Shares, except as contemplated by this Agreement. The Icahn Affiliated Parties and any Affiliates of Icahn do not own, of record or Beneficially, any shares of capital
stock or other securities of or interests in the Company or GB Holdings other than the capital stock, other securities and interests set forth on Schedule 1 attached hereto and a loan made by AREH to GB Holdings in the original principal amount of
$1,200,000. 
 (c) The authorized capital stock of the Company consists of 10,000,000 shares of Company Common Stock, and 5,000,000 shares of
preferred stock, par value $.01 per share (“Company Preferred Stock” and, together with the Company Common Stock, the “Company Capital Stock”). As of the date hereof, (i) 6,912,016 shares of Company Common
Stock were issued and outstanding, (ii) no shares of Company Common Stock were held by the Company in its treasury, and (iii) no shares of Company Preferred Stock were issued or outstanding or reserved for issuance or were held by the
Company in its treasury. As of the date of this Agreement, other than Warrants to acquire 619,096 shares of Company Common Stock and $37,458,970 in aggregate principal amount of 3% Notes which are convertible into 2,468,886 shares of Company Common
Stock, there are no (i) options, warrants or other rights, agreements, arrangements or commitments of any kind 
  

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 relating to issued or unissued Company Capital Stock, (ii) securities convertible into or exchangeable for Company
Capital Stock, (iii) obligations of the Company or any of its Affiliates to issue or sell any Company Capital Stock, or (iv) bonds, debentures, notes or other indebtedness of Company Capital Stock having voting rights (or convertible into
securities having such rights) issued and outstanding. The Icahn Affiliated Parties own of record a majority of the outstanding shares of Company Common Stock. 
 SECTION 2. Representations and Warranties of Parent. Parent hereby represents and warrants to the Icahn Affiliated Parties as follows: Parent is duly organized, validly existing and in good standing under
the laws of the State of Delaware. Parent has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated by the Acquisition Agreement. The execution and delivery by Parent of
this Agreement and consummation of the transactions contemplated by the Acquisition Agreement have been duly authorized by all necessary action on the part of Parent. Parent has duly executed and delivered this Agreement, and this Agreement
constitutes the legal, valid and binding obligation of Parent, enforceable against Parent in accordance with its terms. The execution and delivery by Parent of this Agreement do not, and the consummation of the transactions contemplated by the
Acquisition Agreement and compliance with the terms hereof will not, conflict with, or result in any violation of, or default (with or without notice or lapse of time, or both) under, or result in the creation of any Lien upon any of the properties
or assets of Parent under, any provision of (i) any organizational documents of Parent, (ii) any Contract to which Parent is a party or by which any assets of Parent are bound or (iii) subject to the filings and other matters referred
to in the next sentence, any provision of any Judgment or Law applicable to Parent or the assets of Parent, other than, in the case of clauses (ii) and (iii) above, any such items that, individually or in the aggregate, have not, and are
not reasonably likely to, materially impair or delay Parent’s ability to consummate the transactions contemplated by the Acquisition Agreement. No Consent of, or registration, declaration or filing with, any Governmental Entity is required to
be obtained or made by or with respect to Parent in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated by the Acquisition Agreement, other than such Consents, registrations
and filings contemplated by the Acquisition Agreement. 
 SECTION 3. Consent, Irrevocable Proxy and Related Covenants Relating to
Stockholders. Each Stockholder covenants and agrees as follows, and the Icahn Affiliated Parties jointly and severally covenant and agree that they will cause each Stockholder to perform the following: 
 (a) Immediately following the execution and delivery of this Agreement, each Stockholder shall, in accordance with Section 228 of the Delaware
General Corporation Law, consent to the approval and adoption of the Acquisition Agreement and the transactions contemplated thereby by delivering to the Company the Stockholder Consent in respect to all of the Subject Shares set forth next to the
name of the Stockholder on Schedule 1. Subject to any right of termination pursuant to an ACE Lo Termination (as defined below), such consent shall be irrevocable. 
 (b) Each Stockholder hereby grants to Parent an irrevocable proxy to exercise, at any time and from time to time, solely in order to approve the Acquisition Agreement and 
  

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 the transactions contemplated thereby and the form, terms and provisions thereof and the consummation by the Company and
ACE Lo of the transactions contemplated thereby, including the Purchase,: (i) all rights and powers of such Stockholder with respect to its Subject Shares to vote, give approvals, consents, call meetings, give, receive and waive notices of
meetings, and grant proxies to others; and (ii) without limitation of the rights and powers referred to in the preceding clause (i), all voting, approval, consent and waiver rights and powers that such Stockholder possesses or may in the future
possess as record owner or Beneficial Owner of its Subject Shares, provided, however, that until such time as the Stockholders have delivered to Parent the Stockholder Consent with respect to a majority of the outstanding shares of Company
Common Stock, each Stockholder’s irrevocable proxy grant to Parent shall include the power to exercise voting power with respect to such Stockholder’s Subject Shares to prevent any other action, including any other merger and any
consolidation, sale of assets or securities, reorganization or recapitalization, liquidation or winding up of the Company or ACE Lo or any other extraordinary transaction involving the Company or ACE Lo or any other corporate action the consummation
of which could reasonably be expected to, directly or indirectly, frustrate the purposes of, or prevent or delay the consummation of, the transactions contemplated by this Agreement or the Acquisition Agreement. By giving this proxy such Stockholder
hereby revokes all other proxies granted by such Stockholder to vote any of its Subject Shares solely with respect to the foregoing matters. The power and authority hereby conferred shall not be terminated by any act of such Stockholder or by
operation of law, by lack of appropriate power or authority or by the occurrence of any other event or events except the Closing or an ACE Lo Termination and shall be binding upon all such Stockholder’s beneficiaries, distributees, successors,
assigns and legal representatives. If, after execution of this Agreement, such Stockholder shall cease to have appropriate power or authority, Parent is nevertheless authorized and directed to vote the Stockholder’s Subject Shares in accordance
with the terms of this Agreement as if such lack of appropriate power or authority had not occurred and regardless of notice thereof. This proxy is irrevocable, is coupled with an interest and is granted in consideration of Parent’s entering
into the Acquisition Agreement. This proxy and all rights and powers conferred by this paragraph shall terminate upon the earlier to occur of (x) the Closing and (y) an ACE Lo Termination. 
 (c) If the proxy granted in this Section 3 is invalid or is ineffective for any reason, each Stockholder hereby irrevocably agrees to vote, give
approvals, consents, call meetings, give, receive and waive notices of meetings, and grant proxies to others in such manner as Parent may, in its sole discretion, deem necessary or, in Parent’s reasonable discretion, desirable in order to
secure the consent, adoption and approval by the stockholders of the Company of the Acquisition Agreement and the form, terms and provisions thereof and the consummation by the Company of the transactions contemplated thereby, including the
Purchase. The obligations of each Stockholder and all rights and powers conferred under this Section 3(c) shall terminate upon the earlier to occur of (x) the Closing and (y) an ACE Lo Termination. 
 (d) Each Stockholder agrees that Parent may deliver a copy of this Agreement to the Secretary of the Company and to any inspector or judges of elections,
transfer agents, registrars or others to whom Parent wishes to give notice of the rights hereby granted. 
  

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 SECTION 4. Covenants of Icahn Affiliated Parties. The Icahn Affiliated Parties jointly and
severally covenant and agree as follows: 
 (a) At any meeting of stockholders of the Company or at any adjournment thereof or in any other
circumstances upon which an Icahn Affiliated Party’s vote, consent or other approval is sought, such Icahn Affiliated Party agrees not to grant a proxy to any person to vote in favor of, and such Icahn Affiliated Party shall vote or consent (or
cause to be voted or a consent given) the Subject Shares and Other Subject Securities of such Icahn Affiliated Parties against, (i) any Takeover Proposal, and (ii) any amendment of the Company’s certificate of incorporation or bylaws
or ACE Lo’s operating agreement or other proposal or transaction involving the Company, ACE Lo, any AREH Sub or any subsidiary thereof, which amendment or other proposal or transaction in any manner is reasonably likely to impede, frustrate,
prevent, delay or nullify any provision of the Acquisition Agreement, the Purchase or the consummation of any of the transactions contemplated hereby or thereby or change in any manner the voting rights of any class of Company capital stock. Each
Icahn Affiliated Party shall not commit or agree to take any action inconsistent with the foregoing. The obligations of each Icahn Affiliated Party and all rights and powers conferred under this Section 4(a) shall terminate upon the earlier to
occur of (x) the Closing and (y) an ACE Lo Termination. 
 (b) Except as contemplated by this Agreement, no Icahn Affiliated Party
shall be restricted from voting in favor of, against or abstaining with respect to any matter presented to the stockholders or other securityholders of the Company. 
 (c) In any circumstance in which an Icahn Affiliated Party’s or its Affiliate’s vote, consent or other approval is sought with respect to the AREH Subs, such Icahn Affiliated Party agrees not to, and shall
cause its Affiliate not to, grant a proxy to any person to vote in favor of, and such Icahn Affiliated Party shall vote or consent (or cause to be voted or a consent given) any interests held by such Icahn Affiliated Parties or Affiliates against,
(i) any AREH Subs Takeover Proposal, and (ii) any amendment of the AREH Subs’ respective operating agreement or other organizational documents or other proposal or transaction involving the Company, ACE Lo, any AREH Sub or any
subsidiary thereof, which amendment or other proposal or transaction in any manner is reasonably likely to impede, frustrate, prevent, delay or nullify any provision of the Acquisition Agreement, the Purchase or the consummation of any of the
transactions contemplated hereby or thereby or change in any manner the voting rights of any class of Company capital stock. Each Icahn Affiliated Party shall (and shall cause any of its Affiliates) not commit or agree to take any action
inconsistent with the foregoing. The obligations of each Icahn Affiliated Party and all rights and powers conferred under this Section 4(c) shall terminate upon the earlier to occur of (x) the Closing and (y) a Complete Termination
(as defined below). 
 (d) Prior to the Closing, the Icahn Affiliated Parties shall cause each of AREH’s wholly-owned subsidiaries that
hold 3% Notes (the “Applicable Subsidiaries”) to convert the 3% Notes it holds into equity securities of the Company and to deliver a Demand Payment Notice (as defined in that certain indenture governing the 3% Notes, dated as of
July 22, 2004, by and among the Company, ACE Lo and Wells Fargo Bank, National Association, as Trustee (the “Indenture”)) in order to cause the conversion of all 3% Notes held by others, in each case, in accordance with the
terms of the Indenture (the “Conversion”). 
  

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 (e) Other than pursuant to the Conversion, until after the earlier of the Closing or an ACE Lo
Termination, each Icahn Affiliated Party shall not (and shall cause its Affiliates not to) directly or indirectly (i) sell, transfer, pledge, assign or otherwise dispose of (including by gift) (collectively, “Transfer”), or
enter into any Contract, option or other arrangement with respect to the Transfer of, or any profit sharing arrangement relating to, any Subject Shares, any Other Subject Securities or any securities or interests such Icahn Affiliated Party and its
Affiliates owns or holds in GB Holdings, Boardwalk or the AREH Subs to or with any person other than pursuant to the Acquisition Agreement or (ii) enter into any voting arrangement, whether by proxy, voting agreement or otherwise, with respect
to any Subject Shares or any Other Subject Securities or any securities or interests it owns or holds in GB Holdings, Boardwalk or the AREH Subs and shall not commit or agree to take any of the foregoing action, other than, in each case, any of the
foregoing actions that, individually or in the aggregate, are not reasonably likely to impair or delay, such Icahn Affiliated Party’s or its Affiliates’ ability to perform its obligations hereunder or comply with the terms hereof. The
parties hereto hereby acknowledge and agree that financing activities by the Icahn Affiliated Parties, whether or not secured, that do not involve the direct Transfer of Subject Shares or Other Subject Securities are not restricted by this Sections
(provided, however, that a foreclosure or other exercise of a secured party’s right to take title to or dispose of collateral involving Subject Shares or Other Subject Shares shall be considered a direct Transfer). The obligations of each Icahn
Affiliated Party and all rights and powers conferred under this Section 4(e) shall terminate upon the earlier to occur of (x) the Closing and (y) an ACE Lo Termination. 
 (f) Each Icahn Affiliated Party acknowledges the terms and conditions of Section 9.4 (No Solicitation) of the Acquisition Agreement and agrees to
comply with such terms and conditions to the extent applicable to such Icahn Affiliated Party. 
 (g) Subject to the actions permitted to be
taken in accordance with Section 9.4 of the Acquisition Agreement: 
 Each Icahn Affiliated Party shall use commercially reasonable
efforts (it being understood that in no event shall such commercially reasonable efforts obligate any Icahn Affiliated Party to pay money) to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with
the other parties in doing, all things reasonably requested by Parent from the Icahn Affiliated Party in its capacity as a stockholder or other interestholder of the Company to consummate and make effective, in the most expeditious manner reasonably
practicable, the Purchase and the other transactions contemplated hereby and by the Acquisition Agreement as in effect on the date hereof. In its capacity as a stockholder or other interestholder in GB Holdings, each Icahn Affiliated Party shall
(and shall cause its Affiliates to) refrain from taking any action in the Bankruptcy Case for the purpose or with the intent of impeding, frustrating, preventing, delaying or nullifying any provision of the Acquisition Agreement or the Purchase or
the consummation of any of the transactions contemplated hereby or thereby. In addition, each Icahn Affiliated Party agrees not to (and shall cause its Affiliates not to) authorize the filing of a bankruptcy petition by the Company or ACE Lo and not
to directly or indirectly cause an involuntary bankruptcy petition to be filed against the Company or ACE Lo. The obligations of each Icahn Affiliated Party and all rights and powers conferred under this Section 4(g) shall terminate upon the
earlier to occur of (x) the Closing and (y) an ACE Lo Termination. 
  

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 (h) The Icahn Affiliated Parties, on the one hand, and Parent and/or any of its Affiliates, on the other
hand, shall not issue any press release or make any other public statement with respect to the Purchase or any transaction contemplated hereby or by the Acquisition Agreement, except after having provided the other the reasonable opportunity for
review and comment on such press release or other public statement by, the other party to the extent practicable, except as any party, after consultation with counsel, determines is required by applicable law or applicable rule or regulation of any
national securities exchange on such party’s securities are listed; provided that the provisions of this paragraph shall not require prior consultation with respect to any disclosure containing the same or substantially similar information
which the other party previously had the opportunity to review. 
 (i) Each Icahn Affiliated Party hereby consents to and approves the
actions taken by the Board of Directors of the Company in approving the Acquisition Agreement, the sale of substantially all the assets contemplated therein and the other transactions contemplated thereby. 
 SECTION 5. Payments to Parent in the Event of an Alternative Disposition. 
 (a) If: 
 (A) the Acquisition
Agreement is terminated pursuant to an ACE Lo Termination or a Complete Termination (i) by the Company pursuant to Section 11.1(g) of the Acquisition Agreement, (ii) by Parent pursuant to Section 11.(d) or Section 11.1(h) of
the Acquisition Agreement, or (iii) by either Parent or the Sellers pursuant to Section 11.1(b) or 11.1(c), and, in the case of a termination described in clauses (i), (ii) or (iii), within twelve (12) months following
such termination, the Company, ACE Lo, the AREH Subs, and/or any Icahn Affiliated Party or any of their Affiliates enters into a definitive agreement with respect to a Superior Proposal, Takeover Proposal and/or an AREH Subs Takeover Proposal
(provided however that such requirement shall also be deemed satisfied in the event of a termination of the Acquisition Agreement described in clause (i) (I) in the event that the definitive agreement with respect to the Superior Proposal
giving rise to such termination is entered into at any time following such termination but is not consummated and within twelve (12) months following the termination of the definitive agreement relating to such Superior Proposal the Company
enters into any definitive agreement with respect to a Superior Proposal, Takeover Proposal and/or AREH Subs Takeover Proposal, or (II) in the event that the Company does not enter into the definitive agreement with respect to the Superior Proposal
giving rise to such termination, but within twelve (12) months following the termination of discussions with the other party regarding such Superior Proposal (but in the case of this clause (II), in no event later than twenty-four
(24) months following the termination of the Acquisition Agreement described in clause (i) above) the Company enters into any definitive agreement with respect to a Superior Proposal, Takeover Proposal and/or AREH Subs Takeover Proposal)
and the transactions contemplated by such Superior Proposal, Takeover Proposal and/or AREH Subs Takeover Proposal (any such transaction, a “Third Party Transaction”) are consummated, or 
  

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 (B) prior to the earlier of (x) the Closing or (y) an ACE Lo Termination or a
Complete Termination, an Applicable Court determines that GB Holdings is deemed to own (either directly or through one or more wholly-owned and/or majority-controlled subsidiaries or through nominees) the Casino Land and/or the Traymore Land and a
Takeover Proposal and/or an AREH Subs Takeover Proposal (substituting GB Holdings for ACE Hi and ACE Lo in such definitions if applicable) in lieu of the Acquisition Agreement is (i) approved or required by an order of, or pursuant to an
approved process (including without limitation an auction) ordered by, an Applicable Court and consummated or (ii) consummated pursuant to or in furtherance of the terms of a plan of reorganization in an Applicable Bankruptcy Case, including
pursuant to any process (including without limitation an auction) conducted by a Chapter 7 or 11 trustee or a liquidating or creditors trust established in an Applicable Bankruptcy Case, whether by reorganization, recapitalization, dissolution,
liquidation or otherwise (any such transaction, a “Bankruptcy Court Transaction”), or 
 (C) (i) Parent
matches or exceeds the terms of a Superior Proposal pursuant to Section 9.4(b) of the Acquisition Agreement or (ii) for any other reason (including without limitation pursuant to an auction or other proceeding by, or approved or required
by, an Applicable Court or conducted pursuant to or in furtherance of the terms of a plan of reorganization in an Applicable Bankruptcy Case, including by a Chapter 7 or 11 trustee or a liquidating or creditors trust established in an Applicable
Bankruptcy Case, whether by reorganization, recapitalization, dissolution, liquidation or otherwise), Parent increases the purchase consideration paid for the Purchase or other acquisition of the Properties (or entities owning the Properties) (any
such transaction in clause (i) or (ii), an “Increased Parent Transaction” and together with any Third Party Transaction and any Bankruptcy Court Transaction, an “Alternative Disposition”) and the
transactions contemplated by such Increased Parent Transaction are consummated, 
 then the Icahn Affiliated Parties shall, jointly and severally, pay to
Parent (in accordance with Section 5(c)) an aggregate amount in cash equal to the Excess Profit (as defined below), if any, realized by the Icahn Affiliated Parties and their Affiliates from the consummation of the applicable Alternative
Disposition. The Excess Profit shall be paid to Parent irrespective of any amounts Parent receives as a consequence of breakup or termination fees, if any, they receive pursuant to the Acquisition Agreement, except that such fees are permitted to be
included in the costs and expenses to be deducted from the calculation of the Excess Profit below to the extent that such fees are paid by ACE Hi out of the proceeds of such Alternative Disposition. 
 (b) For purposes of this Section 5, the following terms shall have the meanings set forth below: 
 “Alternative Disposition Consideration” means, without duplication, the portion of the purchase price (as finally
determined under the applicable definitive documents relating to such Alternative Disposition) that would be received directly or indirectly, by the Icahn Affiliated Parties and their Affiliates in respect of their debt claims and equity interests
in the Company, ACE Lo and GB Holdings or any 
  

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 successor-in-interest or assignee of the foregoing pursuant to such Alternative Disposition
(w) determined on a Fully-Diluted Basis (as defined below), (x) assuming the Company, ACE Lo, GB Holdings and any other entity holding such consideration were liquidated (disregarding any equitable subordination of interests or claims)
immediately following the consummation of such Alternative Disposition, (y) after deduction of reasonable costs and expenses (but excluding income taxes of the security holders), and (z) valuing any non-cash consideration at its Fair
Market Value (as defined below) on the date of such consummation; provided, however, that in no event shall GB Holdings be deemed to be an Affiliate of any Icahn Affiliated Parties. In the event that any Icahn Affiliated Parties or any
of their Affiliates is the acquirer in an Alternative Disposition, the Fair Market Value of any continuing ownership interest in the entity or entities that result from such Alternative Disposition held by any Icahn Affiliated Parties or any of
their Affiliates, together with any consideration conveyed by the acquirer, shall be considered Alternative Disposition Consideration realized by the Icahn Affiliated Parties and their Affiliates from such Alternative Disposition. 
 An “Applicable Court” shall mean the Bankruptcy Court or any other court in the Bankruptcy Case or any bankruptcy
proceeding arising out of or relating to the GB Claims. 
 An “Applicable Bankruptcy Case” shall mean any of
the Bankruptcy Case or any bankruptcy proceeding of any person or entity which has a direct or indirect ownership interest in the Casino Land and/or the Traymore Land (including without limitation the Company or ACE Lo). 
 “Baseline Amount” shall mean, without duplication, the portion of the Purchase Price (as defined in the form of
Acquisition Agreement entered into on the date hereof, the “Initial Acquisition Agreement”)) (subject to all adjustments provided in the Initial Acquisition Agreement) that would have been received, directly or indirectly, by the
Icahn Affiliated Parties and their Affiliates in respect of their debt claims and equity interests in the Company, ACE Lo and GB Holdings or any successor-in-interest or assignee of the foregoing pursuant to the consummation of the transactions
contemplated by the Initial Acquisition Agreement (had such transactions been consummated on November 15, 2006 (w) determined on a Fully-Diluted Basis, (x) assuming the Company, ACE Lo, GB Holdings and any other entity holding such
consideration were liquidated (disregarding any equitable subordination of interests or claims) immediately following the consummation of such Alternative Disposition, (y) after deduction of reasonable costs and expenses and payments to
creditors (but excluding income taxes of the security holders), and (z) valuing any non-cash consideration at its Fair Market Value on the date of such consummation; provided, however, that in no event shall GB Holdings be deemed
to be an Affiliate of any Icahn Affiliated Parties. To the extent that such Alternative Disposition involves only the Casino Property (or ACE Lo) or portion thereof or only the Traymore Property (or Boardwalk) or portion thereof, then the Baseline
Amount shall be adjusted to correspond to that portion of the Purchase Price in the Initial Acquisition Agreement corresponding to the Closing Ace Purchase Price or portion thereof or the AREH Purchase Price or portion thereof, as applicable.

  

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 “Excess Profit” means the amount by which the Alternative Disposition
Consideration exceeds the Baseline Amount (but not less than zero) calculated consistent with the methodology set forth in Schedule 2 hereto. 
 “Fair Market Value” means, with respect to any non-cash consideration consisting of: 
 (i) securities listed on a national securities exchange or traded on the Nasdaq National Market, an amount equal to the average closing price per share of such security as reported on such exchange or Nasdaq National
Market for the ten trading days prior to the date of determination; and 
 (ii) consideration which is other than securities
of the form specified in clause (i) above, an amount determined by a nationally recognized independent investment banking firm mutually agreed upon by the parties within 10 business days of the event requiring selection of such banking firm;
provided, however, that if the parties are unable to agree within two business days after the date of such event as to the investment banking firm, then the parties shall each select one firm, and those firms shall select a third investment
banking firm, which third firm shall make such determination, provided further, that the reasonable and customary fees and expenses of all such investment banking firms shall be borne equally by Parent, on the one hand, and the Stockholders,
on the other hand. The determination of the Fair Market Value of any non-cash consideration by the investment banking firm shall be binding upon the parties. 
 “Fully-Diluted Basis” shall mean the equity interests of the Company, ACE Lo and GB Holdings held by the Icahn Affiliated
Parties and their Affiliates assuming that all outstanding Warrants of all holders thereof were exercised and that all options, other rights (other than the Warrants), convertible securities and exchangeable securities (including, without
limitation, the 3% Notes) in the Company, ACE Lo and GB Holdings or any successor-in-interest or assignee of the foregoing outstanding on the date of consummation of the Alternative Disposition were exercised or converted into or exchanged for
equity interests in the Company, ACE Lo and GB Holdings, in each case in accordance with the terms of such securities. 
 (c) Calculation
and Payment of Excess Profit. 
 (i) Within three business days after the consummation of a Third Party Transaction or a Bankruptcy Court
Transaction or concurrently with the consummation of an Increased Parent Transaction, as the case may be, the Icahn Affiliated Parties shall (i) pay to Parent the Icahn Affiliated Parties’ good faith estimate of the Excess Profit (the
“Estimated Excess Profit”), if any, payable under this Section 5, by wire transfer of same day funds to an account designated by Parent to the Icahn Affiliated Parties in writing prior to the date of such payment and
(ii) provide to Parent a written statement substantially in the form of Schedule 2 hereto illustrating the Icahn Affiliated Parties’ calculation of the Estimated Excess Profit, which calculation shall be performed on a basis consistent
with Schedule 2 hereto. Within three business days following the date on which the purchase 
  

 - 11 - 

 price payable pursuant to the applicable Alternative Disposition is finally determined under the applicable definitive
documents relating to such Alternative Disposition (the “Final Purchase Price”), the Icahn Affiliated Parties shall provide to Parent a written statement (the “IAP Final Statement”) substantially in the form of
Schedule 2 hereto illustrating the Icahn Affiliated Parties’ calculation of the final Excess Profit (the “IAP Final Excess Profit”) based on the Final Purchase Price, which calculation shall be performed on a basis consistent
with Schedule 2 hereto. 
 (ii) If Parent shall disagree with the calculation of the IAP Final Excess Profit, it shall, within thirty
(30) business days after its receipt of the IAP Final Statement, notify the Icahn Affiliated Parties of such disagreement in writing, setting forth in detail the particulars of such disagreement. In the event that Parent does not provide such
notice of disagreement within such thirty (30) business day period, Parent shall be deemed to have accepted the IAP Final Statement and the calculation of the IAP Final Excess Profit set forth therein, which shall be final, binding and
conclusive for purposes of this Section 5 with respect to the payment of any Excess Profit. In the event any such notice of disagreement is timely provided, Parent and the Icahn Affiliated Parties, in conjunction with their respective
independent accounting firms, shall use commercially reasonable efforts for a period of ten (10) business days (or such longer period as they may mutually agree) to resolve any disagreements with respect to the calculation of the Excess Profit.
If, at the end of such period, they are unable to resolve such disagreements, then an independent accounting firm of recognized national standing with no existing relationship with any of the parties and which Parent and the Icahn Affiliated Parties
shall not have otherwise retained on other matters prior to the resolution of the IAP Final Excess Profit or, to the extent Parent and the Icahn Affiliated Parties cannot agree on such independent accounting firm, an arbitrator from the National
Panel of Professional Accounting and Related Services Disputes of the American Arbitration Association selected by the mutual agreement of Parent and the Icahn Affiliated Parties (the “Auditor”; provided, however, if Parent and ACE
Hi have selected an Auditor pursuant to the Acquisition Agreement, then such Auditor shall be the Auditor under this Agreement) shall resolve any remaining disagreements provided, that if Parent and the Icahn Affiliated Parties cannot mutually agree
on an Auditor, any remaining disagreements shall be resolved by a court of competent jurisdiction in accordance with Section 8(l) hereof. For the avoidance of doubt, the following procedures by the Auditor shall only be applicable if Parent and
the Icahn Affiliated Parties mutually agree on the selection of an Auditor. The parties and the Auditor shall agree on reasonable procedures for determining the disputed line items; provided, that, that such procedures shall include
the following: (i) each of Parent, on the one hand, and the Icahn Affiliated Parties, on the other hand, shall have the right to make one (1) written submission to the Auditor regarding the disputed line items submitted to the Auditor,
(ii) each party shall have the right to make one (1) written submission to the Auditor in response to the other party’s written submission in subclause (i), (iii) the Auditor may submit follow-up questions to either party, and
such parties shall have the right to respond to such questioning by the Auditor, (iv) each party shall have the right to submit one written response to the other party’s response to the Auditor pursuant to subclause (iii), and
(v) copies of all written materials submitted to the Auditor (and summaries of all discussions with the Auditor) shall be promptly provided to the other party. The Auditor shall promptly deliver to Parent, on the one hand, and the Icahn
Affiliated Parties, on the other hand, its determination in writing, which determination shall be made subject to the definitions and principles set forth in this Agreement and shall select 
  

 - 12 - 

 either the position of Parent, on the one hand, or the Icahn Affiliated Parties, on the other hand, and no compromise
position, with respect to each of the disputed line items submitted to the Auditor. The Auditor shall determine as promptly as practicable whether the IAP Final Statement and the calculation of the IAP Final Excess Profit set forth therein was
prepared in accordance with the standards set forth in this Agreement and, only with respect to the disagreements submitted to the Auditor, whether and to what extent (if any) the Estimated Excess Profit requires adjustment. The Auditor shall
promptly deliver to Parent and the Icahn Affiliated Parties its determination in writing, which determination shall be made subject to the definitions and principles set forth in this Agreement, and shall be (x) consistent with either the
position of Parent or the Icahn Affiliated Parties or (y) between the positions of Parent and the Icahn Affiliated Parties (the amount of Excess Profit, if any, as finally determined pursuant to this Section 5(c)(ii), the “Final
Excess Profit”). The fees and expenses of the Auditor shall be paid one-half by Parent and one-half by the Icahn Affiliated Parties. The determination of the Auditor shall be final, binding and conclusive for purposes of this Section 5
and enforceable as an arbitration award, and shall represent the exclusive remedy with respect to the determination of any Excess Profit. The date on which the Excess Profit is finally determined in accordance with this Section 5(c) is
hereinafter referred to as the “Excess Profit Determination Date.” 
 (iii) Within three business days of the Excess Profit
Determination Date, the amount (which may be a positive or negative number) equal to (x) the Final Excess Profit, minus (y) the Estimated Excess Profit (such amount, the “Excess Profit Adjustment”) shall be paid
(A) from Parent to the Icahn Affiliated Parties (if the Excess Profit Adjustment is a negative amount), in cash by wire transfer of immediately available funds to an account designated in writing by the Icahn Affiliated Parties to Parent prior
to the date of such payment or (B) from the Icahn Affiliated Parties to Parent (if the Excess Profit Adjustment is a positive amount), in cash by wire transfer of immediately available funds to an account designated in writing by Parent to the
Icahn Affiliated Parties prior to the date of such payment. 
 SECTION 6. Termination. This Agreement, other than
Section 4(c) and Section 5 hereof, shall terminate upon the earliest of (i) the Closing and (ii) an ACE Lo Termination, other than with respect to the liability of any party for breach hereof prior to such termination.
Section 4(c) shall terminate upon the earliest of (i) the Closing and (ii) a Complete Termination. Section 5 hereof shall terminate upon the expiration of all rights thereunder. 
 SECTION 7. Additional Matters. 
 (a) The Icahn Affiliated Parties shall, from time to time, execute and deliver, or cause to be executed and delivered, such additional or further consents, documents and other instruments as Parent may reasonably request for the purpose of
effectively carrying out the transactions contemplated by this Agreement and the Acquisition Agreement. 
 (b) No person executing this
Agreement who is or becomes during the term hereof a director or officer of the Company makes any agreement or understanding herein in his or her capacity as such director or officer of the Company. Each Stockholder signs solely in its capacity as
the record holder and Beneficial Owner of, or the trustee of a trust 
  

 - 13 - 

 whose beneficiaries are the Beneficial Owners of, the Stockholder’s Subject Shares and/or Other Subject Securities
and nothing herein shall limit or affect any actions taken by any Stockholder in his capacity as an officer or director of the Company to the extent specifically permitted by the Acquisition Agreement. 
 SECTION 8. General Provisions. 
 (a) Definition of Beneficially Own or Beneficial Ownership. For purposes of this Agreement, the terms “Beneficially Own” or “Beneficial Ownership” or variants thereof with respect to any securities shall mean
having “beneficial ownership” of such securities (as determined pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) including pursuant to any agreement, arrangement or understanding,
whether or not in writing. Without duplicative counting of the same securities by the same holder, securities Beneficially Owned by a Person shall include securities Beneficially Owned by all other Persons (who are Affiliates of such Person
excluding officers and directors of the Company) who together with such Person would constitute a “group” within the meaning of Section 13(d)(3) of the Exchange Act. 
 (b) Amendments. This Agreement may not be amended except by an instrument in writing signed by each of the parties hereto. 
 (c) Notice. All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally or sent by
overnight courier (providing proof of delivery) to Parent in accordance with Section 13.3 of the Acquisition Agreement and to the Stockholders at their respective addresses set forth on Schedule 1 hereto (or at such other address for a party as
shall be specified by like notice). 
 (d) Interpretation. When a reference is made in this Agreement to a Section or Schedule, such
reference shall be to a Section of, or Schedule to, this Agreement unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.
Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”. The words “hereby”, “hereof”,
“herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The words “date hereof” shall refer to the
date of this Agreement. The term “or” is not exclusive. The word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply
“if”. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms. Any agreement or instrument defined or referred to herein or in any agreement or instrument that is referred to
herein means such agreement or instrument as from time to time amended, modified or supplemented unless otherwise specified. References to a person are also to its permitted successors and assigns. 
 (e) Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule or Law, or
public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is 
  

 - 14 - 

 not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is
invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that transactions
contemplated hereby are fulfilled to the extent possible. 
 (f) Counterparts. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement. This Agreement shall become effective against any Stockholder when one or more counterparts have been executed by the Stockholder and delivered to Parent. In respect of each
Stockholder, this Agreement shall become effective against Parent when one or more counterparts have been signed by Parent and delivered to each Stockholder. Each party need not sign the same counterpart. 
 (g) Trust Funds. In the event that any party hereto should receive any funds that are to be paid to another party pursuant to the terms of this
Agreement, then the receiving party shall hold such funds in trust for the benefit of the party entitled to receive such funds and shall promptly pay such funds to the party entitled to receive such funds in accordance with this Agreement.

 (h) Recapitalization. In the event of a stock dividend or distribution, or any change in the Subject Shares or Other Subject
Securities by reason of any split-up, recapitalization, combination, merger, consolidation, exchange of securities or the like, or change or exchange ordered by any Applicable Court, the terms “Subject Shares” and “Other Subject
Securities” shall include, without limitation, all such stock dividends and distributions and any securities, interests or claims into which for which any or all of the Subject Shares or Other Subject Securities (or any class thereof) may be
changed or exchanged as may be appropriate to reflect such event (the “New Interests”) and all obligations in this Agreement, including the obligation to grant a security interest, shall relate to the New Interests, to the extent
applicable. 
 (i) Entire Agreement; No Third-Party Beneficiaries. This Agreement (i) constitutes the entire agreement and
supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof and (ii) is not intended to confer upon any person other than the parties hereto any rights or remedies
hereunder. 
 (j) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of
Delaware regardless of the laws that might otherwise govern under applicable principles of conflicts of law thereof. 
 (k)
Assignment. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties without the prior written consent of the other parties, except that (a) Parent may, without such prior
written consent of any other party hereto, transfer or assign its rights hereunder (including without limitation its right to receive Excess Profits) to one or more of its direct or indirect subsidiaries, written notice of which shall be given to
the Icahn Affiliated Parties, provided that no transfer or assignment shall relieve Parent from any of its agreements or obligations hereunder. Any assignment in violation of this Section 8(k) shall be void. Subject to the preceding
sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns. 
  

 - 15 - 

 (l) Enforcement. The parties agree that irreparable damage would occur in the event that any of
the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement
and to enforce specifically the terms and provisions of this Agreement in any Delaware state court or any Federal court located in the State of Delaware, this being in addition to any other remedy to which they are entitled at Law or in equity. In
addition, each of the parties hereto (i) consents to submit itself to the personal jurisdiction of any Delaware state court or any Federal court located in the State of Delaware in the event any dispute arises out of this Agreement or any
transaction contemplated hereby, (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, (iii) agrees that it will not bring any action relating to this
Agreement or any transaction in any court other than a Delaware state court or any Federal court sitting in the State of Delaware and (iv) waives any right to trial by jury with respect to any claim or proceeding related to or arising out of
this Agreement or any transaction contemplated hereby. 
 (m) Definition of “ACE Lo Termination” and “Complete
Termination”. For purposes of this Agreement, the term “ACE Lo Termination” shall mean either (i) a termination of the Acquisition Agreement in accordance with its terms as between Buyer and the ACE Selling Parties pursuant
to Section 11.1(g) of the Acquisition Agreement or (ii) a Complete Termination. For purposes of this Agreement, the term “Complete Termination” shall mean a termination of the Acquisition Agreement in accordance with its terms as
between Buyer and the Selling Parties pursuant to any provision of Section 11.1 of the Acquisition Agreement other than Section 11.1(g) thereof. In the event that Buyer elects to effect a Revival pursuant to Section 9.4(e)(iii) of the
Acquisition Agreement, then the rights and obligations of Parent and the Icahn Affiliated Entities under this Agreement shall also be reinstated in full, to the extent possible, on the same terms and conditions as in this Agreement, modified as
appropriate to reflect changes in the timing and circumstances surrounding the transaction, and the parties shall enter into appropriate documents and agreements for such reinstatement as promptly as practicable. 
 [SIGNATURE PAGE FOLLOWS] 
  

 - 16 - 

 IN WITNESS WHEREOF, each party has duly executed this Agreement, all as of the date first written above.

  

			
	PINNACLE ENTERTAINMENT, INC.
		
	By:	 	 /s/ Daniel R. Lee

	Name:	 	Daniel R. Lee
	Title:	 	Chief Executive Officer

 [SIGNATURE PAGE TO STOCKHOLDERS AGREEMENT] 
  

 S-1 

							
	ICAHN AFFILIATED PARTIES
	
	AMERICAN REAL ESTATE HOLDINGS LIMITED PARTNERSHIP
	By:	 	American Property Investors, Inc.,
		 	general partner
		
	By:	 	 /s/ Hillel Moerman

	Name:	 	Hillel Moerman
	Its:	 	CFO
	
	AREP SANDS HOLDING, LLC
	By:	 	American Real Estate Holdings
		 	Limited Partnership, sole member
		 	By:	 	American Property Investors, Inc., general partner
		
	By:	 	 /s/ Hillel Moerman

	Name:	 	Hillel Moerman
	Its:	 	CFO

 [SIGNATURE PAGE TO STOCKHOLDERS AGREEMENT] 
  

 S-2 

 SCHEDULE 1 
 Atlantic Coast Entertainment Holdings, Inc. 
  

																		
	 Name of Record Holder
	  	Shares of
Common
Stock*	  	Economic
%*	 	 	Voting
%*	 	 	Shares
Underlying
Warrants	  	Shares
Underlying
3% Notes	  	 Amounts
Loaned to
ACE Hi
	  	Fully
Diluted
Economic/
Voting %**	 
	 AREP Sands Holding, LLC
	  	4,029,084	  	58.29	%	 	58.29	%	 	0	  	2,314,990	  	$35,124,000 aggregate principal amount of 3% Notes	  	63.44	%***

 GB Holdings, Inc. 
  

																
	 Name of Record Holder
	  	Shares of
Common
Stock	  	 Economic
 %
	 	 	 Voting
 %
	 	 	11% Notes	  	 Amounts
Loaned to
GBH
	  	Fully
Diluted
Economic/
Voting %	 
	 American Real Estate Holdings Limited Partnership
	  	7,748,744	  	77.49	%	 	77.49	%	 	0	  	$1,200,000 aggregate principal amount	  	77.49	%***

	*	Assumes no exercise of Warrants or Conversion of any 3% Notes. 

	**	Assumes exercise of all Warrants and Conversion of all 3% Notes. Consists of 4,029,084 shares of Company Common Stock and 2,314,990 shares of Company Common Stock issuable upon
conversion of $35,124,000 aggregate principal amount of 3% Notes. 

	***	This is the percentage of the assets to which the stockholder would be entitled on a Fully Diluted Basis after satisfaction of all liabilities to creditors.

 Schedule 1 
  

 - 1 - 

 SCHEDULE 2 
 Example of Calculation of Excess Profit (for simplicity and for purposes of this example only, percentages and other numbers are rounded). 
  

									
	 	  	 Initial Acquisition
Agreement/Baseline

Amount
	 	 	Alternative Disposition
Consideration	 
	 Purchase Price
	  	$	280,000,000	*	 	$	350,000,000	 
	 Less Traymore Price
	  	$	61,000,000	 	 	$	61,000,000	 
	 Less Company Expenses
	  	$	1,000,000	*	 	$	11,000,000	*+
	 Less Amounts Payable to Company creditors (other than Icahn Affiliated Parties and their Affiliates)
	  	- $	5,000,000	*	 	- $	5,000,000	*
		  	 	 	 	 	 	 	 
	 Amount Distributable to Company Shareholders upon Liquidation
	  	$	213,000,000	 	 	$	273,000,000	 
		  	 	 	 	 	 	 	 
	 GB Holdings Fully Diluted Portion (28.83%)**
	  	$	61,407,900	 	 	$	78,705,900	 

	*	Assumed for the purposes of this example only and in no way meant to be indicative of actual amounts. For instance, the actual Purchase Price will include additional amounts as
provided in the Acquisition Agreement. Also assumes that, of the Purchase Price, the Traymore Price for each transaction is $61,000,000. To the extent that in the Alternative Disposition, the purchase price for the Traymore Site or Boardwalk were
higher than the Traymore Price, that difference would increase the Excess Profit. 

	+	Expenses to include any break-up or termination fee under the Acquisition Agreement to the extent paid by ACE Hi out of the proceeds of any Alternative Disposition.

	**	Assumes (i) a total of 9,999,998 outstanding shares of Company Common Stock, consisting of 6,912,016 shares of Company Common Stock, 619,096 shares of Company Common Stock
issuable upon the exercise of the Warrants and 2,468,886 shares of Company Common Stock issuable upon conversion of $37,458,970 aggregate principal amount of 3% Notes outstanding, (ii) 2,882,932 shares of Company Common Stock held by GB
Holdings and (iii) 6,344,074 shares of Company Common Stock held by AREP Sands, consisting of 4,029,084 shares of Company Common Stock and 2,314,990 shares of Company Common Stock issuable upon conversion of $35,124,000 aggregate principal
amount of 3% Notes. 

 Schedule 2 
  

 - 1 - 

									
	 Less GB Holdings Expenses
	  	$	1,000,000	*	 	$	1,000,000	*
	 Less Amounts Payable to GB Holdings creditors (other than the holders of the 11% Notes and the AREP Loan)
	  	$	5,000,000	*	 	$	5,000,000	*
	 Less Amounts Payable in connection with the repayment of the AREP Loan***
	  	$	1,500,000	 	 	$	1,500,000	 
	 Less Amounts Payable to the Holders of the 11% Notes++
	  	- $	52,161,177	 	 	- $	52,161,177	 
		  	 	 	 	 	 	 	 
	 Amount Distributable to Shareholders of GB Holdings upon liquidation
	  	$	1,746,723	 	 	$	19,044,723	 
		  	 	 	 	 	 	 	 
	 AREP Sands Fully Diluted Portion of Amount Distributable to Shareholders of ACE Hi (63.44%)**
	  	$	135,127,200	 	 	$	173,191,200	 
	 AREH Fully Diluted Portion of Amount Distributable to Shareholders of GB Holdings upon liquidation (77.49%)+++
	  	$	1,353,536	 	 	$	14,757,756	 
	 AREH creditor position***
	  	$	1,500,000	 	 	$	1,500,000	 
	 Total AREP Sands and AREH Fully Diluted Portion plus payments in respect of AREH creditor interests
	  	$	137,980,736	 	 	$	189,448,956	 
	 EXCESS PROFIT, if positive (difference between Final AREH Amount under Alternative Disposition and Acquisition Agreement)
	  	$	51,468,220	 	 			

	***	Assumes $1,200,000 principal amount plus $300,000 accrued interest. Actual principal amount and accrued interest to be determined. 

	++	Assumes $43,741,030 outstanding principal amount, in the aggregate, and $8,420,147 of accrued interest (which assumes interest accruing at a rate of 11% for 21 months (i.e.,
from April 1, 2005 to an assumed closing date of December 31, 2006)). Actual amounts to be determined. 

	+++	Assumes 10 million outstanding shares of GB Holdings common stock, 7,748,744 of which are held by AREH. 

 Schedule 2 
  

 - 2 - 

 EXHIBIT A 
 WRITTEN CONSENT 
 OF THE 
 HOLDERS OF COMMON STOCK 
 OF 
 ATLANTIC COAST ENTERTAINMENT HOLDINGS, INC. 
 Dated as of
[                ], 
  

 Pursuant to Section 228 of the General 
 Corporation Law of the State of Delaware 
  

 The undersigned, the holder of record of 4,029,084 shares of Common Stock, $0.01 par value per share (the “Company Common Stock”), of Atlantic Coast Entertainment Holdings, Inc., a Delaware corporation (the
“Company”), representing at least a majority of the issued and outstanding shares of Company Common Stock, hereby consents to the adoption of the following resolutions without a meeting pursuant to Section 228(a) of the Delaware
General Corporation Law with the intent that said resolutions shall be as valid and effectual as if they had been adopted and ratified at a formal meeting of stockholders duly convened, which consent will be effective when the minimum number of
shares required to approve the action are obtained: 
 WHEREAS, the Board of Directors of the Company (the “Board”)
has approved and the parties have entered into that certain Acquisition Agreement dated as of September 3, 2006 by and among Pinnacle Entertainment, Inc., a Delaware corporation (“Parent”), the Company, ACE Gaming, LLC, a New Jersey
limited liability company (“ACE Lo”) and American Real Estate Holdings Limited Partnership, a Delaware limited partnership (“AREH”), AREP Boardwalk Properties LLC, a Delaware limited liability company (“Boardwalk”), PSW
Properties LLC, Delaware limited liability company (“MLK I”), AREH MLK LLC, a Delaware 
  

 A-1 

 limited liability company (“MLK II”), Mitre Associates LLC, a Delaware limited liability
company (“MLK III”), pursuant to which the Company will sell substantially all of its assets to Parent or its assignee (the “Proposed Purchase”); 
 WHEREAS, reference is made to the Stockholders Agreement by and among Parent and the Stockholders of the Company party thereto (the
“Stockholders Agreement”); 
 NOW, THEREFORE, BE IT RESOLVED that the form, terms and provisions of the executed
Acquisition Agreement, in the form attached hereto as Exhibit A, are hereby approved and adopted in all respects, and that the Proposed Purchase described therein is hereby approved; 
 RESOLVED FURTHER, that the number of shares of Common Stock of the Company set forth in the preamble above are owned of record by the
undersigned on the date of this consent and that this consent is being given with respect to all of the shares of Common Stock of the Company set forth in the preamble above; 
 RESOLVED FURTHER, that the directors and officers of the Company be, and they are or any one of them is, hereby authorized, empowered and
directed, from time to time, in the name and on behalf of the Company under its seal, if desired, to execute, make oath to, acknowledge and deliver, any and all agreements, orders, directives, certificates, notices, assignments and other documents,
instruments and papers and to take or cause to be taken such steps as they may determine to be necessary, appropriate or advisable to carry out the intent and purposes of the foregoing resolutions, such determination to be evidenced conclusively by
the execution and delivery of such documents and the taking of such steps. 
 This action by written consent may be signed in counterparts, each of which
shall be deemed an original, and all of which together shall constitute one instrument. This action shall be delivered, by hand or by certified or registered mail, return receipt requested, to the Company by delivery to its registered office in the
State of Delaware, to the Company’s principal place of business or to an officer or agent of the Company having custody of the book in which proceedings of meetings of stockholders of the Company are recorded, pursuant to Section 228(a) of
the General Corporation Law of the State of Delaware and shall be effective as of the date of such delivery. 
 * * * * * 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 
  

 A-2 

 IN WITNESS WHEREOF, the undersigned has executed this Written Consent as of the date first set forth
above. 
  

			
	AREP SANDS HOLDING, LLC
		
	By:	 	  

	Name:	 	
	Its:	 	

  

 A-3 

 Exhibit A 
  

 A-4Form of Indenture

 Exhibit 4.2 
 OSCIENT PHARMACEUTICALS CORPORATION 
 and 
                                       
  , as Trustee 
 INDENTURE 
 Dated as of                     ,          

 TABLE OF CONTENTS 
  

					
	 	    	 	  	PAGE
	ARTICLE 1       DEFINITIONS AND INCORPORATION BY REFERENCE	  	1
			
	    1.1.	    	DEFINITIONS.	  	1
			
	    1.2.	    	OTHER DEFINITIONS.	  	5
			
	    1.3.	    	INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT.	  	6
			
	    1.4.	    	RULES OF CONSTRUCTION.	  	6
		
	ARTICLE 2       THE SECURITIES	  	7
			
	    2.1.	    	ISSUABLE IN SERIES.	  	7
			
	    2.2.	    	ESTABLISHMENT OF TERMS OF SERIES OF SECURITIES.	  	7
			
	    2.3.	    	EXECUTION AND AUTHENTICATION.	  	9
			
	    2.4.	    	REGISTRAR AND PAYING AGENT.	  	10
			
	    2.5.	    	PAYING AGENT TO HOLD ASSETS IN TRUST.	  	11
			
	    2.6.	    	SECURITYHOLDER LISTS.	  	12
			
	    2.7.	    	TRANSFER AND EXCHANGE.	  	12
			
	    2.8.	    	REPLACEMENT SECURITIES.	  	12
			
	    2.9.	    	OUTSTANDING SECURITIES.	  	13
			
	    2.10.	    	WHEN TREASURY SECURITIES DISREGARDED; DETERMINATION OF HOLDERS’ ACTION.	  	13
			
	    2.11.	    	TEMPORARY SECURITIES.	  	14
			
	    2.12.	    	CANCELLATION.	  	14
			
	    2.13.	    	PAYMENT OF INTEREST; DEFAULTED INTEREST; COMPUTATION OF INTEREST.	  	14
			
	    2.14.	    	CUSIP NUMBER.	  	15
			
	    2.15.	    	PROVISIONS FOR GLOBAL SECURITIES.	  	15
			
	    2.16.	    	PERSONS DEEMED OWNERS.	  	16
		
	ARTICLE 3       REDEMPTION	  	16
			
	    3.1.	    	NOTICES TO TRUSTEE.	  	16
			
	    3.2.	    	SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED.	  	17
			
	    3.3.	    	NOTICE OF REDEMPTION.	  	17
			
	    3.4.	    	EFFECT OF NOTICE OF REDEMPTION.	  	18
			
	    3.5.	    	DEPOSIT OF REDEMPTION PRICE.	  	18
			
	    3.6.	    	SECURITIES REDEEMED IN PART.	  	19

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	    	 	  	PAGE
	ARTICLE 4       COVENANTS	  	19
			
	    4.1.	    	PAYMENT OF SECURITIES.	  	19
			
	    4.2.	    	SEC REPORTS.	  	19
			
	    4.3.	    	WAIVER OF STAY, EXTENSION OR USURY LAWS.	  	19
			
	    4.4.	    	COMPLIANCE CERTIFICATE.	  	20
			
	    4.5.	    	CORPORATE EXISTENCE.	  	20
		
	ARTICLE 5       SUCCESSOR CORPORATION	  	21
			
	    5.1.	    	LIMITATION ON CONSOLIDATION, MERGER AND SALE OF ASSETS.	  	21
			
	    5.2.	    	SUCCESSOR PERSON SUBSTITUTED.	  	21
		
	ARTICLE 6       DEFAULTS AND REMEDIES	  	21
			
	    6.1.	    	EVENTS OF DEFAULT.	  	21
			
	    6.2.	    	ACCELERATION.	  	23
			
	    6.3.	    	REMEDIES.	  	23
			
	    6.4.	    	WAIVER OF PAST DEFAULTS AND EVENTS OF DEFAULT.	  	24
			
	    6.5.	    	CONTROL BY MAJORITY.	  	24
			
	    6.6.	    	LIMITATION ON SUITS.	  	24
			
	    6.7.	    	RIGHTS OF HOLDERS TO RECEIVE PAYMENT.	  	25
			
	    6.8.	    	COLLECTION SUIT BY TRUSTEE.	  	25
			
	    6.9.	    	TRUSTEE MAY FILE PROOFS OF CLAIM.	  	25
			
	    6.10.	    	PRIORITIES.	  	26
			
	    6.11.	    	UNDERTAKING FOR COSTS.	  	26
		
	ARTICLE 7       TRUSTEE	  	26
			
	    7.1.	    	DUTIES OF TRUSTEE.	  	26
			
	    7.2.	    	RIGHTS OF TRUSTEE.	  	27
			
	    7.3.	    	INDIVIDUAL RIGHTS OF TRUSTEE.	  	28
			
	    7.4.	    	TRUSTEE’S DISCLAIMER.	  	28
			
	    7.5.	    	NOTICE OF DEFAULT.	  	29
			
	    7.6.	    	REPORTS BY TRUSTEE TO HOLDERS.	  	29
			
	    7.7.	    	COMPENSATION AND INDEMNITY.	  	29
			
	    7.8.	    	REPLACEMENT OF TRUSTEE.	  	30

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	    	 	  	PAGE
	    7.9.	    	SUCCESSOR TRUSTEE BY CONSOLIDATION, MERGER OR CONVERSION.	  	31
			
	    7.10.	    	ELIGIBILITY; DISQUALIFICATION.	  	31
			
	    7.11.	    	PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY.	  	31
			
	    7.12.	    	PAYING AGENT.	  	31
		
	ARTICLE 8       AMENDMENTS, SUPPLEMENTS AND WAIVERS	  	32
			
	    8.1.	    	WITHOUT CONSENT OF HOLDERS.	  	32
			
	    8.2.	    	WITH CONSENT OF HOLDERS.	  	32
			
	    8.3.	    	COMPLIANCE WITH TRUST INDENTURE ACT.	  	34
			
	    8.4.	    	REVOCATION AND EFFECT OF CONSENTS.	  	34
			
	    8.5.	    	NOTATION ON OR EXCHANGE OF SECURITIES.	  	34
			
	    8.6.	    	TRUSTEE TO SIGN AMENDMENTS, ETC.	  	35
		
	ARTICLE 9       DISCHARGE OF INDENTURE; DEFEASANCE	  	35
			
	    9.1.	    	DISCHARGE OF INDENTURE.	  	35
			
	    9.2.	    	LEGAL DEFEASANCE.	  	35
			
	    9.3.	    	COVENANT DEFEASANCE.	  	36
			
	    9.4.	    	CONDITIONS TO LEGAL DEFEASANCE OR COVENANT DEFEASANCE.	  	36
			
	    9.5.	    	DEPOSITED MONEY AND U.S. AND FOREIGN GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS.	  	38
			
	    9.6.	    	REINSTATEMENT.	  	38
			
	    9.7.	    	MONEYS HELD BY PAYING AGENT.	  	38
			
	    9.8.	    	MONEYS HELD BY TRUSTEE.	  	39
		
	ARTICLE 10       MISCELLANEOUS	  	39
			
	    10.1.	    	TRUST INDENTURE ACT CONTROLS.	  	39
			
	    10.2.	    	NOTICES.	  	39
			
	    10.3.	    	COMMUNICATIONS BY HOLDERS WITH OTHER HOLDERS.	  	41
			
	    10.4.	    	CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT.	  	41
			
	    10.5.	    	STATEMENT REQUIRED IN CERTIFICATE AND OPINION.	  	41
			
	    10.6.	    	RULES BY TRUSTEE AND AGENTS.	  	41
			
	    10.7.	    	BUSINESS DAYS; LEGAL HOLIDAYS; PLACE OF PAYMENT.	  	41
			
	    10.8.	    	GOVERNING LAW.	  	42

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	PAGE
	    10.9.	  	NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS.	  	42
			
	    10.10.	  	NO RECOURSE AGAINST OTHERS.	  	42
			
	    10.11.	  	SUCCESSORS.	  	42
			
	    10.12.	  	MULTIPLE COUNTERPARTS.	  	42
			
	    10.13.	  	TABLE OF CONTENTS, HEADINGS, ETC.	  	42
			
	    10.14.	  	SEVERABILITY.	  	43
			
	    10.15.	  	SECURITIES IN A FOREIGN CURRENCY OR IN EURO.	  	43
			
	    10.16.	  	JUDGMENT CURRENCY.	  	43

  

 -iv- 

 CROSS-REFERENCE TABLE 
  

			
	 TIA SECTION
	  	INDENTURE SECTION
	 310(a)(1)
	  	7.10
	 (a)(2)
	  	7.10
	 (a)(3)
	  	N/A
	 (a)(4)
	  	N/A
	 (a)(5)
	  	7.10
	 (b)
	  	7.8; 7.10; 10.4
	 (b)(1)
	  	7.10
	 (b)(9)
	  	7.10
	 311(a)
	  	7.11
	 (b)
	  	7.11
	 312(a)
	  	2.6
	 (b)
	  	10.3
	 (c)
	  	10.3
	 313(a)
	  	7.6
	 (b)(1)
	  	7.6
	 (b)(2)
	  	7.6
	 (c)
	  	7.6; 10.4
	 (d)
	  	7.6
	 314(a)
	  	4.2; 4.4; 10.4
	 (b)
	  	N/A
	 (c)(1)
	  	10.4; 10.5
	 (c)(2)
	  	10.4; 10.5
	 (c)(3)
	  	N/A
	 (d)
	  	N/A
	 (e)
	  	10.5
	 (f)
	  	N/A
	 315(a)
	  	7.1, 7.2
	 (b)
	  	7.5; 10.2

  

 -v- 

			
	 TIA SECTION
	  	INDENTURE SECTION
	 (c)
	  	7.1
	 (d)
	  	6.5; 7.1; 7.2
	 (e)
	  	6.11
	 316(a)(last sentence)
	  	2.10
	 (a)(1)(A)
	  	6.5
	 (a)(1)(B)
	  	6.4
	 (a)(2)
	  	8.2
	 (b)
	  	6.7
	 (c)
	  	8.4
	 317(a)(1)
	  	6.8
	 (a)(2)
	  	6.9
	 (b)
	  	2.5; 7.12
	 318(a)
	  	10.1

 N/A means not
applicable 
 Note: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of the Indenture. 
  

 -vi- 

 INDENTURE, dated as of
                    ,         , by and between Oscient Pharmaceuticals Corporation, a
corporation duly organized and existing under the laws of the Commonwealth of Massachusetts, as Issuer (the “Company”) and
                            , a
                     organized under the laws of
                            , 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 debentures, notes or other evidences of indebtedness to be issued in one or more series (the “Securities”), as herein
provided, up to such principal amount as may from time to time be authorized in or pursuant to one or more resolutions of the Board of Directors or by supplemental indenture. 
 All things necessary to make this Indenture a valid agreement of the Company in accordance with its terms have been done, and the execution and delivery
thereof have been in all respects duly authorized by the parties hereto. 
 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 agreed, for the equal and
proportionate benefit of all Holders of the Securities of a Series thereof, as follows: 
 ARTICLE 1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 1.1.
DEFINITIONS. 
 “Affiliate” of any specified Person means any other Person which directly or indirectly through one or more
intermediaries controls, or is controlled by, or is under common control with, such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled
by,” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the
ownership of voting securities, by agreement or otherwise. 
 “Agent” means any Registrar, Paying Agent, co-registrar or agent for
service of notices and demands. 
 “Board of Directors” means the Board of Directors of the Company or any committee duly
authorized to act therefor. 
 “Board Resolution” means a copy of a resolution certified pursuant to an Officers’ Certificate
to have been duly adopted by the Board of Directors of the Company and to be in full force and effect on the date of such certification and delivered to the Trustee. 

 “Capital Stock” means, with respect to any Person, any and all shares or other equivalents
(however designated) of capital stock, partnership interests or any other participation, right or other interest in the nature of an equity interest in such Person or any option, warrant or other security convertible into any of the foregoing.

 “Company” means the party named as such in the first paragraph of this Indenture until a successor replaces such party pursuant
to Article 5 of this Indenture and thereafter means the successor and any other primary obligor on the Securities. 
 “Company
Order” means a written order signed in the name of the Company by two Officers, one of whom must be its Chief Executive Officer or its Chief Financial Officer. 
 “Company Request” means any written request signed in the name of the Company by its Chief Executive Officer, its President, any Vice President, its Chief Financial Officer or its Treasurer and attested to
by the Secretary or any Assistant Secretary of the Company. 
 “Corporate Trust Office” means the office of the Trustee at which at
any particular time its corporate trust business shall be principally administered. 
 “Default” means any event that is, or with
the passing of time or giving of notice or both would be, an Event of Default. 
 “Depository” 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, the Person designated as Depository for such Series by the Company, which Depository shall be a clearing agency registered under the
Exchange Act, until a successor Depository shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depository” shall mean each Person who is then a Depository hereunder, and if at any time there is
more than one such Person, such Persons. 
 “Dollars” means the currency of the United States of America. 
 “Euro” means the single currency to be introduced at the start of the third stage of economic and monetary union pursuant to the treaty
establishing the European Economic Community, as amended by the Treaty on European Union signed at Maastricht on February 7, 1992. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Foreign Currency” means any currency
or currency unit issued by a government other than the government of the United States of America. 
 “Foreign Government
Obligations” means with respect to Securities of any Series that are denominated in a Foreign Currency, (i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full
faith and credit is pledged or (ii) obligations of a Person controlled or supervised by or acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation
by such government, which, in either case under clauses (i) or (ii), are not callable or redeemable at the option of the issuer thereof. 
  

 -2- 

 “GAAP” means generally accepted accounting principles consistently applied as in effect in the
United States from time to time. 
 “Global Security” or “Global Securities” means a Security or Securities, as the case
may be, in the form established pursuant to Section 2.2, evidencing all or part of a Series of Securities issued to the Depository for such Series or its nominee, and registered in the name of such Depository or nominee, and bearing the legend
set forth in Section 2.15(c) (or such legend as may be specified as contemplated by Section 2.2 for such Securities). 
 “Holder” or “Securityholder” means the Person in whose name a Security is registered on the Registrar’s books. 
 “Indebtedness” means (without duplication), with respect to any Person, any indebtedness at any time outstanding, secured or unsecured, contingent or otherwise, which is for borrowed money (whether or not the recourse of the
lender is to the whole of the assets of such Person or only to a portion thereof), or evidenced by bonds, notes, debentures or similar instruments or representing the balance deferred and unpaid of the purchase price of any property (excluding any
balances that constitute accounts payable or trade payables, and other accrued liabilities arising in the ordinary course of business) if and to the extent any of the foregoing indebtedness would appear as a liability upon a balance sheet of such
Person prepared in accordance with GAAP. 
 “Indenture” means this Indenture as amended, restated or supplemented from time to
time. 
 “Interest Payment Date” when used with respect to any Security, means the Stated Maturity of an installment of interest on
such Security. 
 “Lien” means, with respect to any property or assets of any Person, any mortgage or deed of trust, pledge,
hypothecation, assignment, deposit arrangement, security interest, lien, charge, easement, encumbrance, preference, priority, or other security agreement or preferential arrangement of any kind or nature whatsoever on or with respect to such
property or assets (including, without limitation, any capitalized lease obligation, conditional sales, or other title retention agreement having substantially the same economic effect as any of the foregoing). 
 “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, notice of option to elect payment or otherwise. 
 “Officer” means the Chief Executive Officer, the President, any Vice President, the Chief Financial Officer, the Treasurer or the Secretary of
the Company or any other officer designated by the Board of Directors, as the case may be. 
 “Officers’ Certificate” means,
with respect to any Person, a certificate signed by the Chairman, Chief Executive Officer, the President or any Senior or Executive Vice President, and the Chief Financial Officer or any Treasurer of such Person that shall comply with applicable
provisions of this Indenture. 
  

 -3- 

 “Opinion of Counsel” means a written opinion from legal counsel which counsel is reasonably
acceptable to the Trustee. The counsel may be an employee of or counsel to the Company. 
 “Person” means any individual,
corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government (including any agency or political subdivision thereof). 
 “Redemption Date,” when used with respect to any Security of a Series to be redeemed, means the date fixed for such redemption pursuant to this
Indenture. 
 “Responsible Officer” when used with respect to the Trustee, means any officer within the corporate trust department
or division of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular
corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 
 “SEC” means the United States Securities and Exchange Commission as constituted from time to time or any successor performing substantially the same functions. 
 “Securities” means the securities that are issued under this Indenture, as amended or supplemented from time to time pursuant to this
Indenture. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Series” or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant
to Sections 2.1 or 2.2 hereof. 
 “Significant Subsidiary” means (i) any direct or indirect Subsidiary of the Company that
would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the date hereof, or (ii) any group of direct or indirect
Subsidiaries of the Company that, taken together as a group, would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the date
hereof. 
 “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, and when used with respect to any other Indebtedness, means the date specified in
the instrument governing such Indebtedness as the fixed date on which the principal of such Indebtedness, or any installment of interest thereon, is due and payable. 
 “Subsidiary” of any specified Person means any corporation, limited liability company, partnership, joint venture, association or other business entity, whether now existing or hereafter 
  

 -4- 

 organized or acquired, (i) in the case of a corporation, of which more than 50% of the total voting power of the
Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors thereof is held, directly or indirectly by such Person or any of its Subsidiaries; or (ii) in the case of a partnership, joint
venture, association or other business entity, with respect to which such Person or any of its Subsidiaries has the power to direct or cause the direction of the management and policies of such entity by contract or otherwise or if in accordance
with GAAP such entity is consolidated with such Person for financial statement purposes. 
 “TIA” means the Trust Indenture Act of
1939 (15 U.S. Code Section 77aaa-77bbbb) as in effect on the date of this Indenture (except as provided in Section 8.3 hereof). 
 “Trustee” means the party named as such in this Indenture until a successor replaces it pursuant to this Indenture and thereafter means the successor, 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. 
 “U.S. Government
Obligations” means direct non-callable obligations of, or non-callable obligations guaranteed by, the United States of America for the payment of which obligation or guarantee the full faith and credit of the United States of America is
pledged. 
  

	1.2.	OTHER DEFINITIONS. 

 The definitions of the following terms
may be found in the sections indicated as follows: 
  

			
	 TERM
	  	DEFINED IN SECTION
	 “Bankruptcy Law”
	  	6.1
	 “Business Day”
	  	10.7
	 “Covenant Defeasance”
	  	9.3
	 “Custodian”
	  	6.1
	 “Event of Default”
	  	6.1
	 “Journal”
	  	10.15
	 “Judgment Currency”
	  	10.16
	 “Legal Defeasance”
	  	9.2
	 “Legal Holiday”
	  	10.7
	 “Market Exchange Rate”
	  	10.15
	 “New York Banking Day”
	  	10.16
	 “Paying Agent”
	  	2.4
	 “Place of Payment”
	  	10.7

  

 -5- 

			
	 TERM
	  	DEFINED IN SECTION
	 “Registrar”
	  	2.4
	 “Required Currency”
	  	10.16
	 “Service Agent”
	  	2.4

  

	1.3.	INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT. 

 Whenever this Indenture refers to a provision of the TIA, the portion of such provision required to be incorporated herein in order for this Indenture to be qualified under the TIA is incorporated by reference in and made a part of this
Indenture. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 
 “indenture securities” means the Securities. 
 “indenture securityholder” means a Holder or Securityholder. 
 “indenture to be
qualified” means this Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee. 
 “obligor on the indenture securities” means the Company. 
 All other terms used in this Indenture that are defined by the TIA, defined in the TIA by reference to another statute or defined by SEC rule have the meanings therein assigned to them. 
  

	1.4.	RULES OF CONSTRUCTION. 

 Unless the context otherwise
requires: 
 (1) a term has the meaning assigned to it herein, whether defined expressly or by reference; 
 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 
 (3) “or” is not exclusive; 
 (4)
words in the singular include the plural, and in the plural include the singular; 
 (5) words used herein implying any gender shall apply to
each gender; and 
  

 -6- 

 (6) 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. 
 ARTICLE 2 
 THE SECURITIES 
  

	2.1.	ISSUABLE IN SERIES. 

 The aggregate principal amount of
Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth in a Board Resolution, a supplemental
indenture or an Officers’ Certificate detailing the adoption of the terms thereof pursuant to the authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution,
Officers’ Certificate or supplemental indenture may provide for the method by which specified terms (such as interest rate, Stated Maturity, record date or date from which interest shall accrue) are to be determined. Securities may differ
between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of the Indenture. 
  

	2.2.	ESTABLISHMENT OF TERMS OF SERIES OF SECURITIES. 

 At or
prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of Subsection 2.2(1) and either as to such Securities within the Series or as to the Series generally in the case of
Subsections 2.2(2) through 2.2(24) by a Board Resolution, a supplemental indenture or an Officers’ Certificate, in each case, pursuant to authority granted under a Board Resolution: 
 (1) the title of the Series (which shall distinguish the Securities of that particular Series from the Securities of any other Series);

 (2) 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 2.7, 2.8, 2.11, 3.6 or 8.5); 
 (3) the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued; 
 (4) the date or dates on which the principal of the Securities of the Series is payable; 
 (5) the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates (including, but not
limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or dates on which such
interest, if any, shall commence and be payable and any regular record date for the interest payable on any Interest Payment Date; 
  

 -7- 

 (6) the place or places where the principal of and interest and premium, if any, on the Securities of the
Series shall be payable, or the method of such payment, if by wire transfer, mail or other means; 
 (7) if applicable, the period or periods
within which, the price or prices at which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company; 
 (8) the obligation, if any, of the Company to redeem or purchase the 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;

 (9) the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased by the Company at the
option of the Holders thereof and other detailed terms and provisions of such repurchase obligations; 
 (10) if other than denominations of
$1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable; 
 (11) the forms of the
Securities of the Series in bearer (if to be issued outside of the United States) or fully registered form (and, if in fully registered form, whether the Securities will be issuable as Global Securities); 
 (12) if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable upon
declaration of acceleration of the Maturity thereof pursuant to Section 6.2; 
 (13) the currency of denomination of the Securities of
the Series, which may be Dollars or any Foreign Currency, including, but not limited to, the Euro, and if such currency of denomination is a composite currency other than the Euro, the agency or organization, if any, responsible for overseeing such
composite currency; 
 (14) the designation of the currency, currencies or currency units in which payment of the principal of and interest
and premium, if any, on the Securities of the Series will be made; 
 (15) if payments of principal of or interest or premium, if any, on the
Securities of the Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined;

 (16) the manner in which the amounts of payment of principal of or interest and premium, if any, on the Securities of the Series will be
determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index; 
  

 -8- 

 (17) the provisions, if any, relating to any collateral provided for the Securities of the Series;

 (18) any addition to or change in the covenants set forth in Articles 4 or 5 that applies to Securities of the Series; 
 (19) any addition to or change in the Events of Default which applies to any Securities of the Series and any change in the right of the Trustee or the
requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2; 
 (20) the terms
and conditions, if any, for conversion of the Securities into or exchange of the Securities for shares of common stock or preferred stock of the Company that apply to Securities of the Series; 
 (21) any depositories, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such Series if
other than those appointed herein; 
 (22) the terms and conditions, if any, upon which the Securities shall be subordinated in right of
payment to other Indebtedness of the Company; 
 (23) if applicable, that the Securities of the Series, in whole or any specified part, shall
be defeasible pursuant to Article 9; and 
 (24) any other terms of the Securities of the Series (which terms shall not be inconsistent with
the provisions of this Indenture, except as permitted by Section 8.1, but which may modify or delete any provision of this Indenture insofar as it applies to such Series). 
 All Securities of any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if
so provided by or pursuant to the Board Resolution, supplemental indenture or Officers’ Certificate referred to above, and the authorized principal amount of any Series may not be increased to provide for issuances of additional Securities of
such Series, unless otherwise provided in such Board Resolution, supplemental indenture or Officers’ Certificate. 
  

	2.3.	EXECUTION AND AUTHENTICATION. 

 The Securities shall be
executed on behalf of the Company by two Officers of the Company or an Officer and an Assistant Secretary of the Company. Each such signature may be either manual or facsimile. The Company’s seal may be impressed, affixed, imprinted or
reproduced on the Securities and may be in facsimile form. 
 If an Officer whose signature is on a Security no longer holds that office at
the time the Security is authenticated, the Security shall nevertheless be valid. 
  

 -9- 

 A Security shall not be valid until authenticated by the manual signature of the Trustee or an
authenticating agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount
provided in the Board Resolution, supplemental indenture hereto or Officers’ Certificate, upon receipt by the Trustee of a Company Order. Such Company Order may authorize authentication and delivery pursuant to oral or electronic instructions
from the Company or its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing. Each Security shall be dated the date of its authentication. 
 The aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for such
Series set forth in the Board Resolution, supplemental indenture hereto or Officers’ Certificate delivered pursuant to Section 2.2, except as provided in Section 2.8. 
 Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2) shall be fully protected in relying
on: (a) the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities
within that Series, (b) an Officers’ Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4. 
 The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised in writing by outside counsel, determines that such action may not lawfully
be taken; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors and/or vice-presidents shall reasonably determine that such action would expose the Trustee to personal
liability, or cause it to have a conflict of interest with respect to Holders of any then outstanding Series of Securities. 
 The Trustee
may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate Securities whenever the Trustee may do so. Any appointment shall be evidenced by instrument signed by an authorized
officer of the Trustee, a copy of which shall be furnished to the Company. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with
the Company or an Affiliate of the Company. 
  

	2.4.	REGISTRAR AND PAYING AGENT. 

 The Company shall maintain in
each Place of Payment for any Series of Securities (i) an office or agency where such Securities may be presented for registration of transfer or for exchange (“Registrar”), (ii) an office or agency where such Securities may be
presented for payment (“Paying Agent”), PROVIDED, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the register for the
Securities maintained by the Registrar, and (iii) an office or agency where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served (“Service Agent”). The Registrar shall keep a
register of the Securities 
  

 -10- 

 and of their transfer and exchange. The Company may have one or more co-registrars and one or more additional paying
agents. The Company shall 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 to furnish the Trustee with
the address thereof, such presentations, surrenders, notices and demands may be made or served at the address of the Trustee as set forth in Section 10.2. If the Company acts as Paying Agent, it shall segregate the money held by it for the
payment of principal of and premium, if any, and interest on the Securities and hold it as a separate trust fund. The Company may change any Paying Agent, Registrar or co-registrar without notice to any Securityholder. 
 The Company may also from time to time designate one or more other offices or agencies where the Securities may be presented or surrendered for any or
all such purposes and may from time to time rescind such designations; PROVIDED, HOWEVER, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for
Securities of any series for such purposes. The Company shall give prompt written notice to the Trustee of such designation or rescission and of any change in the location of any such other office or agency. 
 The Company shall enter into an appropriate agency agreement with any Registrar or Paying Agent not a party to this Indenture. The agreement shall
implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee of the name and address of any such Agent. If the Company fails to maintain a Registrar or Paying Agent, or agent for service of notices and
demands, or fails to give the foregoing notice, the Trustee shall act as such. The Company hereby appoints the Trustee as the initial Registrar, Paying Agent and Service Agent for each Series unless another Registrar, Paying Agent or Service Agent,
as the case may be, is appointed prior to the time Securities of that Series are first issued. The Company hereby initially designates the Corporate Trust Office of the Trustee as such office of the Company. 
  

	2.5.	PAYING AGENT TO HOLD ASSETS IN TRUST. 

 The Trustee as
Paying Agent shall, and the Company shall require each Paying Agent other than the Trustee to agree in writing that each Paying Agent shall hold in trust for the benefit of the Holders of any Series of Securities or the Trustee all assets held by
the Paying Agent for the payment of principal of, or interest or premium (if any) on, such Series of Securities (whether such assets have been distributed to it by the Company or any other obligor on such Series of Securities), and the Company and
the Paying Agent shall notify the Trustee in writing of any Default by the Company (or any other obligor on such Series of Securities) in making any such payment. The Company at any time may require a Paying Agent to distribute all assets held by it
to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment default with respect to any Series of Securities, upon written request to a Paying Agent, require such Paying Agent to
distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by the Company to the Paying Agent, the Paying Agent shall have no further
liability for such assets. 
  

 -11- 

	2.6.	SECURITYHOLDER LISTS. 

 The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders of each Series of Securities. If the Trustee is not the Registrar, the Company shall furnish to the Trustee as of each
regular record date for the payment of interest on the Securities of a Series and before each related 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 Securityholders of each Series of Securities. 
  

	2.7.	TRANSFER AND EXCHANGE. 

 When Securities of a Series are
presented to the Registrar with a request to register the transfer thereof, the Registrar shall register the transfer as requested if the requirements of applicable law are met, and when such Securities of a Series are presented to the Registrar
with a request to exchange them for an equal principal amount of other authorized denominations of Securities of the same Series, the Registrar shall make the exchange as requested. To permit transfers and exchanges, upon surrender of any Security
for registration of transfer at the office or agency maintained pursuant to Section 2.4 hereof, the Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request. 
 If Securities are issued as Global Securities, the provisions of Section 2.15 shall apply. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same
debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or the Registrar or a co-Registrar) be duly endorsed, or be accompanied by a written instrument of transfer in form
satisfactory to the Company and the Registrar or a co-Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. 
 Any exchange or transfer shall be without charge, except that the Company may require payment by the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation to a transfer or exchange, but
this provision shall not apply to any exchange pursuant to Section 2.11, 3.6 or 8.5 hereof. The Trustee shall not be required to register transfers of Securities of any Series or to exchange Securities of any Series for a period of 15 days
before the record date for selection for redemption of such Securities. The Trustee shall not be required to exchange or register transfers of Securities of any Series called or being called for redemption in whole or in part, except the unredeemed
portion of such Security being redeemed in part. 
  

	2.8.	REPLACEMENT SECURITIES. 

 If a mutilated Security is
surrendered to the Trustee or if the Holder of a Security presents evidence to the satisfaction of the Company and the Trustee that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate
a replacement Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding. An indemnity bond may be required by the 
  

 -12- 

 Company or the Trustee that is sufficient in the reasonable judgment of the Company or the Trustee, as the case may be,
to protect the Company, the Trustee or any Agent from any loss which any of them may suffer if a Security is replaced. The Company may charge such Holder for its out-of-pocket expenses in replacing a Security, including the fees and expenses of the
Trustee. Every replacement Security shall constitute an original additional obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of
this Indenture equally and proportionately with any and all other Securities of that Series duly issued hereunder. 
  

	2.9.	OUTSTANDING SECURITIES. 

 Securities outstanding at any
time are all Securities authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, and those described in this Section 2.9 as not outstanding. 
 If a Security is replaced pursuant to Section 2.8 (other than a mutilated Security surrendered for replacement), it ceases to be outstanding until
the Company and the Trustee receive proof satisfactory to each of them that the replaced Security is held by a bona fide purchaser. A mutilated Security ceases to be outstanding upon surrender of such Security and replacement thereof pursuant to
Section 2.8. 
 If a Paying Agent holds on a Redemption Date or the Stated Maturity money sufficient to pay the principal of, premium,
if any, and accrued interest on Securities payable on that date and is not prohibited from paying such money to the Holders thereof pursuant to the terms of this Indenture (PROVIDED 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), then on and after that date such Securities cease to be outstanding and interest on them ceases to accrue. 
 A Security does not cease to be outstanding solely because the Company or an Affiliate holds the Security. 
  

	2.10.	WHEN TREASURY SECURITIES DISREGARDED; DETERMINATION OF HOLDERS’ ACTION. 

 In determining whether the Holders of the required aggregate principal amount of the Securities of any Series have concurred in any direction, waiver or consent, the Securities of any Series owned by the Company or
any other obligor on such Securities or by any Affiliate of any of them shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Securities of
such Series which the Trustee actually knows are so owned shall be so disregarded. Securities of such Series so owned which have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the
pledgee’s right so to act with respect to the Securities of such Series and that the pledgee is not the Company or any other obligor upon the Securities of such Series or any Affiliate of any of them. 
  

 -13- 

	2.11.	TEMPORARY SECURITIES. 

 Until definitive Securities are
ready for delivery, the Company may prepare and execute and the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially in the form, and shall carry all rights, of definitive Securities but may have variations
that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and execute and the Trustee shall authenticate definitive Securities in exchange for temporary Securities presented to it without
charge to the Holder. 
  

	2.12.	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 for cancellation. 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. The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for transfer, exchange or payment. The
Trustee or, at the direction of the Trustee, the Registrar or the Paying Agent, and no one else, shall cancel and at the written request of the Company, shall dispose of all Securities surrendered for transfer, exchange, payment or cancellation. If
the Company shall acquire any of the Securities, such acquisition shall not operate as a redemption or satisfaction of the Indebtedness represented by such Securities unless and until the same are surrendered to the Trustee for cancellation pursuant
to this Section 2.12. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section 2.12, except as expressly permitted by this Indenture. 
  

	2.13.	PAYMENT OF INTEREST; DEFAULTED INTEREST; COMPUTATION OF INTEREST. 

 Except as otherwise provided as contemplated by Section 2.2 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 is registered at the close of business on the regular record date for such interest, as provided in the Board Resolution, supplemental indenture hereto or Officers’ Certificate establishing the terms of
such Series. 
 If the Company defaults in a payment of interest on the Securities, it shall pay the defaulted amounts, plus any interest
payable on defaulted amounts pursuant to Section 4.1 hereof, to the Persons who are Securityholders on a subsequent special record date, which date shall be the fifteenth day next preceding the date fixed by the Company for the payment of
defaulted interest or the next succeeding Business Day if such date is not a Business Day. At least 15 days before the special record date, the Company shall mail or cause to be mailed to each Securityholder, with a copy to the Trustee, a notice
that states the special record date, the payment date, and the amount of defaulted interest, and interest payable on such defaulted interest, if any, to be paid. 
  

 -14- 

 Except as otherwise specified as contemplated by Section 2.2 for Securities of any Series, interest
on the Securities of each Series shall be computed on the basis of a 360-day year of twelve 30-day months. 
  

	2.14.	CUSIP NUMBER. 

 The Company in issuing the Securities may
use one or more “CUSIP” numbers, and if so, the Trustee shall use the CUSIP number(s) in notices of redemption or exchange as a convenience to Holders, PROVIDED that any such notice may state that no representation is made as to the
correctness or accuracy of the CUSIP number(s) printed in the notice or on the Securities, 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 any such numbers. 
  

	2.15.	PROVISIONS FOR GLOBAL SECURITIES. 

 (a) A Board Resolution,
a supplemental indenture hereto or an Officers’ Certificate shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depository for such Global Securities or
Securities. 
 (b) Notwithstanding any provisions to the contrary contained in Section 2.7 of the Indenture and in addition thereto, if,
and only if the Depository (i) at any time is unwilling or unable to continue as Depository for such Global Security or ceases to be a clearing agency registered under the Exchange Act and (ii) a successor Depository is not appointed by
the Company within 90 days after the date the Company is so informed in writing or becomes aware of the same, the Company promptly will execute and deliver to the Trustee definitive Securities, and the Trustee, upon receipt of a Company Request for
the authentication and delivery of such definitive Securities (which the Company will promptly execute and deliver to the Trustee) and an Officers’ Certificate to the effect that such Global Security shall be so exchangeable, will authenticate
and deliver definitive Securities, without charge, registered in such names and in such authorized denominations as the Depository shall direct in writing (pursuant to instructions from its direct and indirect participants or otherwise) in an
aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms. Upon the exchange of a Global Security for definitive Securities, such Global Security shall be canceled by the Trustee. Unless and until it
is exchanged in whole or in part for definitive Securities, as provided in this Section 2.15(b), a Global Security may not be transferred except as a whole by the Depository with respect to such Global Security to a nominee of such Depository,
by a nominee of such Depository to such Depository or another nominee of such Depository or by the Depository or any such nominee to a successor Depository or a nominee of such a successor Depository. 
 (c) Any Global Security issued 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 the Depository or a
nominee of the Depository. This Security is exchangeable for Securities registered in the name of a Person 
  

 -15- 

 other than the Depository or its nominee only in the limited circumstances described in the Indenture,
and may not be transferred except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository
or a nominee of such a successor Depository.” 
 (d) The Depository, as a Holder, may appoint agents and otherwise authorize
participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture. 
 (e) Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.2, payment of the principal of
and interest and premium, if any, on any Global Security shall be made to the Depository or its nominee in its capacity as the Holder thereof. 
 (f) Except as provided in Section 2.15(e), the Company, the Trustee and any Agent shall treat a Person as the Holder of such principal amount of outstanding Securities of any Series represented by a Global Security as shall be
specified in a written statement of the Depository (which may be in the form of a participants’ list for such Series) with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to
be given by the Holders pursuant to this Indenture, PROVIDED that until the Trustee is so provided with a written statement, it may treat the Depository or any other Person in whose name a Global Security is registered as the owner of such Global
Security for the purpose of receiving payment of principal of and any premium and (subject to Section 2.13) any interest on such Global Security and for all other purposes whatsoever, and neither the Company, the Trustee nor any agent of the
Company or the Trustee shall be affected by notice to the contrary. 
  

	2.16.	PERSONS DEEMED OWNERS. 

 Prior to due presentment of a
Security for registration of transfer, the Company, the Trustee, the Registrar and any agent of the Company, the Registrar or the Trustee 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 2.13) any interest on such Security and for all other purposes whatsoever, and neither the Company, the Trustee, the Registrar nor any agent of the Company, the Registrar
or the Trustee shall be affected by notice to the contrary. 
 ARTICLE 3 
 REDEMPTION 
  

	3.1.	NOTICES TO TRUSTEE. 

 The Company may, with respect to any
Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided

  

 -16- 

 for in such Securities or the related Board Resolution, supplemental indenture or Officers’ Certificate. If a Series
of Securities is redeemable and the Company elects to redeem such Securities of a Series, it shall notify the Trustee of the Redemption Date and the principal amount of Securities to be redeemed at least 45 days (unless a shorter notice shall be
satisfactory to the Trustee) before the Redemption Date. Any such notice may be canceled at any time prior to notice of such redemption being mailed to any Holder and shall thereby be void and of no effect. 
  

	3.2.	SELECTION BY TRUSTEE OF SECURITIES TO BE REDEEMED. 

 Unless
otherwise indicated for a particular Series of Securities by a Board Resolution, a supplemental indenture or an Officers’ Certificate, if fewer than all of the Securities of a Series are to be redeemed, the Trustee shall select the Securities
of a Series to be redeemed pro rata, by lot or by any other method that the Trustee considers fair and appropriate (unless the Company specifically directs the Trustee otherwise) and, if such Securities are listed on any securities exchange, by a
method that complies with the requirements of such exchange. 
 The Trustee shall make the selection from Securities of a Series outstanding
and not previously called for redemption and shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Security selected for partial redemption, the principal amount thereof to be redeemed at
least 35 but not more than 60 days before the Redemption Date. Securities of a Series in denominations of $1,000 may be redeemed only in whole. The Trustee may select for redemption portions of the principal of Securities of a Series that have
denominations larger than $1,000. Securities of a Series and portions of them it selects shall be in amounts of $1,000 or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.2(10), the minimum
principal denomination for each Series and integral multiples thereof. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities called for redemption. 
  

	3.3.	NOTICE OF REDEMPTION. 

 Unless otherwise indicated for a
particular Series by Board Resolution, a supplemental indenture hereto or an Officers’ Certificate, at least 30 days, and no more than 60 days, before a Redemption Date, the Company shall mail, or cause to be mailed, a notice of redemption by
first-class mail to each Holder of Securities to be redeemed at his or her last address as the same appears on the registry books maintained by the Registrar. The notice shall identify the Securities to be redeemed (including the CUSIP number(s)
thereof, if any) and shall state: 
 (1) the Redemption Date; 
 (2) the redemption price, and that such redemption price shall become due and payable on the Redemption Date; 
 (3) if any Security of a Series is being redeemed in part, the portion of the principal amount of such Security of a Series to be redeemed and that, after the Redemption Date and upon surrender of such Security of a Series, a new Security
or Securities in principal amount equal to the unredeemed portion will be issued; 
  

 -17- 

 (4) the name and address of the Paying Agent; 
 (5) that Securities of a Series called for redemption must be surrendered to the Paying Agent to collect the redemption price, and the place or places
where each such Security is to be surrendered for such payment; 
 (6) that, unless the Company defaults in making the redemption payment,
interest on the Securities of a Series called for redemption ceases to accrue on the Redemption Date, and the only remaining right of the Holders of such Securities is to receive payment of the redemption price upon surrender to the Paying Agent of
the Securities redeemed; 
 (7) if fewer than all the Securities of a Series are to be redeemed, the identification of the particular
Securities of a Series (or portion thereof) to be redeemed, as well as the aggregate principal amount of Securities of a Series to be redeemed and the aggregate principal amount of Securities of a Series to be outstanding after such partial
redemption. 
 (8) the CUSIP number, if any, printed on the Securities being redeemed; and 
 (9) that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Securities.

 At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at the Company’s sole
expense. 
  

	3.4.	EFFECT OF NOTICE OF REDEMPTION. 

 Once the notice of
redemption described in Section 3.3 is mailed, Securities of a Series called for redemption become due and payable on the Redemption Date and at the redemption price, plus interest, if any, accrued to the Redemption Date. Upon surrender to the
Trustee or Paying Agent, such Securities of a Series shall be paid at the redemption price, plus accrued interest, if any, to the Redemption Date, PROVIDED that if the Redemption Date is after a regular interest payment record date and on or prior
to the next Interest Payment Date, the accrued interest shall be payable to the Holder of the redeemed Securities registered on the relevant record date, as specified by the Company in the notice to the Trustee pursuant to Section 3.1 hereof.

  

	3.5.	DEPOSIT OF REDEMPTION PRICE. 

 On or prior to the
Redemption Date (but no later than 11:00 A.M. Eastern Time on such date), the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date
other than Securities or portions thereof called for redemption on that date which have been delivered by the Company to the Trustee for cancellation. 
 On and after any Redemption Date, if money sufficient to pay the redemption price of and accrued interest on Securities called for redemption shall have been made available in accordance with the preceding paragraph
and the Company and the Paying Agent are not prohibited from paying such moneys to Holders, the Securities called for redemption will cease 
  

 -18- 

 to accrue interest and the only right of the Holders of such Securities will be to receive payment of the redemption
price of and, subject to the proviso in Section 3.4, accrued and unpaid interest on such Securities to the Redemption Date. If any Security called for redemption shall not be so paid, interest will be paid, from the Redemption Date until such
redemption payment is made, on the unpaid principal of the Security and any interest or premium (if any) not paid on such unpaid principal, in each case, at the rate and in the manner provided in the Securities. 
  

	3.6.	SECURITIES REDEEMED IN PART. 

 Upon surrender of a Security
of a Series that is redeemed in part, the Company shall execute and the Trustee shall authenticate for a Holder a new Security of the same Series equal in principal amount to the unredeemed portion of the Security surrendered. 
 ARTICLE 4 
 COVENANTS 

 

	4.1.	PAYMENT OF SECURITIES. 

 The Company shall pay the
principal of and interest and premium, if any, on each Series of Securities on the dates and in the manner provided in such Securities and this Indenture. 
 An installment of principal or interest shall be considered paid on the date it is due if the Trustee or Paying Agent holds on that date money designated for and sufficient to pay such installment and is not
prohibited from paying such money to the Holders pursuant to the terms of this Indenture or otherwise. 
 The Company shall pay interest on
overdue principal, and overdue interest, to the extent lawful, at the rate specified in the Series of Securities. 
  

	4.2.	SEC REPORTS. 

 The Company will deliver to the Trustee
within 15 days after the filing of the same with the SEC, copies of the quarterly and annual report and of the information documents and other reports, if any, which the Company is required to file with the SEC pursuant to Section 13 or 15(d)
of the Exchange Act. Notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company will file with the SEC, to the extent permitted, and provide the Trustee, with such
quarterly and annual reports and such information, documents and other reports specified in Section 13 and 15(d) of the Exchange Act. The Company will also comply with the other provisions of TIA Section 314(a). 
  

	4.3.	WAIVER OF STAY, EXTENSION OR USURY LAWS. 

 The Company
covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead (as a defense or otherwise) or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension, usury or other law which
would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, and/or interest on the Securities as contemplated herein, wherever enacted, now or at any time hereafter 
  

 -19- 

 in force, or which may affect the covenants or the performance of this Indenture; and (to the extent that they may
lawfully do so) the Company 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. 
  

	4.4.	COMPLIANCE CERTIFICATE. 

 (a) The Company shall deliver to
the Trustee, within 120 days after the end of each fiscal year of the Company, an Officers’ Certificate which complies with TIA Section 314(a)(4) stating that a review of the activities of the Company and its Subsidiaries during such
fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer
signing such certificate, that to the best of his or her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and that there is no default in the performance or observance of any of
the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to take
with respect thereto) and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of or interest or premium, if any, on the Securities is prohibited or if such
event has occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto. 
 (b)
(i) If any Default or Event of Default has occurred and is continuing or (ii) if any Holder seeks to exercise any remedy hereunder with respect to a claimed Default under this Indenture or the Securities, within five Business Days after
its becoming aware of such occurrence the Company shall deliver to the Trustee an Officers’ Certificate specifying such event, notice or other action and what action the Company is taking or proposes to take with respect thereto. 
  

	4.5.	CORPORATE EXISTENCE. 

 Subject to Article 5 hereof, the
Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, in accordance with the organizational documents (as the same may be amended from time to time) of the Company and the
rights (charter and statutory), licenses and franchises of the Company; PROVIDED, HOWEVER, that the Company shall not be required to preserve any such right, license or franchise, or its corporate existence, if the Board of Directors shall determine
that the preservation thereof is no longer desirable in the conduct of the business of the Company and that the loss thereof is not adverse in any material respect to the Holders. 
  

 -20- 

 ARTICLE 5 
 SUCCESSOR CORPORATION 
  

	5.1.	LIMITATION ON CONSOLIDATION, MERGER AND SALE OF ASSETS. 

 (a) The Company will not, in any transaction or series of transactions, merge or consolidate with or into, or sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of its properties and assets (as an
entirety or substantially as an entirety in one transaction or a series of related transactions), to any Person or Persons, unless at the time of and after giving effect thereto (i) either (A) if the transaction or series of transactions
is a merger or consolidation, the Company shall be the surviving Person of such merger or consolidation, or (B) the Person formed by such consolidation or into which the Company is merged or to which the properties and assets of the Company are
transferred (any such surviving Person or transferee Person being the “Surviving Entity”) shall be a corporation organized and existing under the laws of the United States of America, any state thereof or the District of Columbia or a
corporation or comparable legal entity organized under the laws of a foreign jurisdiction and shall expressly assume by a supplemental indenture executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, all of the
obligations of the Company (including, without limitation, the obligation to pay the principal of, and premium and interest, if any, on the Securities and the performance of the other covenants) under the Securities of each Series and this
Indenture, and in each case, this Indenture shall remain in full force and effect; and (ii) immediately before and immediately after giving effect to such transaction or series of transactions on a pro forma basis (including, without
limitation, any Indebtedness incurred or anticipated to be incurred in connection with or in respect of such transaction or series of transactions), no Default or Event of Default shall have occurred and be continuing. 
 (b) In connection with any consolidation, merger or transfer of assets contemplated by this Section 5.1, the Company shall deliver, or cause to be
delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and the supplemental indenture in respect
thereto comply with this Section 5.1 and that all conditions precedent herein provided for relating to such transaction or transactions have been complied with. 
  

	5.2.	SUCCESSOR PERSON SUBSTITUTED. 

 Upon any consolidation or
merger, or any transfer of all or substantially all of the assets of the Company in accordance with Section 5.1 above, the successor corporation formed by such consolidation or into which the Company is merged or to which such transfer 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 corporation had been named as the Company herein, and thereafter (except with respect to
any such transfer which is a lease) the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Securities. 
 ARTICLE 6 
 DEFAULTS AND REMEDIES 
  

	6.1.	EVENTS OF DEFAULT. 

 “Events of Default,”
wherever used herein with respect to Securities of any Series, means any one of the following events, unless in the establishing Board Resolution, supplemental 
  

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 indenture or Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of
Default: 
 (1) there is a default in the payment of any principal of, or premium, if any, on the Securities when the same becomes due and
payable at Maturity, upon acceleration, redemption or otherwise; 
 (2) there is a default in the payment of any interest on any Security of
a Series when the same becomes due and payable and the Default continues for a period of 90 days; 
 (3) the Company defaults in the
observance or performance of any other covenant in the Securities of a Series or this Indenture for 90 days after written notice from the Trustee or the Holders of not less than a majority in the aggregate principal amount of the Securities of such
Series then outstanding which notice must specify the Default, demand that it be remedied and state the notice is a “Notice of Default”; 
 (4) the Company or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 
 (A)
commences a voluntary case, 
 (B) consents to the entry of an order for relief against it in an involuntary case, 

(C) consents to the appointment of a Custodian of it or for all or substantially all of its property, 
 (D) makes a general assignment for the benefit of its creditors, or 
 (E) generally is not paying its debts as they become due; 
 (5) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A) is for relief against the Company or any Significant Subsidiary in an involuntary case; 
 (B) appoints a
Custodian of the Company or any Significant Subsidiary or for all or substantially all of the property of the Company or any Significant Subsidiary; or 
 (C) orders the liquidation of the Company or any Significant Subsidiary, and the order or decree remains unstayed and in effect for 90 consecutive days; or 
 (6) any other Event of Default provided with respect to Securities of that Series, which is specified in a Board Resolution, a supplemental indenture
hereto or an Officers’ Certificate, in accordance with Section 2.2(19). 
  

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 The term “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the
relief of debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. 
 The Trustee may withhold notice of any Default (except in payment of principal or premium, if any, or interest on the Securities) to the Holders of the Securities of any Series in accordance with Section 7.5. When a Default is cured,
it ceases to exist. 
  

	6.2.	ACCELERATION. 

 If an Event of Default with respect to
Securities of any Series at the time outstanding (other than an Event of Default arising under Section 6.1(4) or (5)) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of not less than a majority in
aggregate principal amount of the Securities of that Series then outstanding may by written notice to the Company and the Trustee declare that the entire principal amount of all the Securities of that Series then outstanding plus accrued and unpaid
interest to the date of acceleration are immediately due and payable, in which case such amounts shall become immediately due and payable; PROVIDED, HOWEVER, that after such acceleration but before a judgment or decree based on such acceleration is
obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Securities of that Series may rescind and annul such acceleration and its consequences if (i) all existing Events of Default, other than the
nonpayment of accelerated principal, premium, if any, or interest that has become due solely because of the acceleration, have been cured or waived, (ii) to the extent the payment of such interest is lawful, interest on overdue installments of
interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid and (iii) the rescission would not conflict with any judgment or decree. No such rescission shall affect any subsequent
Default or impair any right consequent thereto. In case an Event of Default specified in Section 6.1(4) or (5) with respect to the Company occurs, such principal, premium, if any, and interest amount with respect to all of the Securities
of that Series shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Securities of that Series. 
  

	6.3.	REMEDIES. 

 If an Event of Default with respect to
Securities of any Series at the time outstanding occurs and is continuing, the Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment of principal of, or premium, if any, and interest on the Securities of
that Series or to enforce the performance of any provision of the Securities of that Series or this Indenture. 
 The Trustee may maintain a
proceeding even if it does not possess any of the Securities of that Series or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of
Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 
  

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	6.4.	WAIVER OF PAST DEFAULTS AND EVENTS OF DEFAULT. 

 Subject to
Sections 6.2, 6.7 and 8.2 hereof, the Holders of a majority in principal amount of the Securities of any Series then outstanding have the right to waive any existing Default or Event of Default with respect to such Series or compliance with any
provision of this Indenture (with respect to such Series) or the Securities of such Series. Upon any such waiver, such Default with respect to such Series shall cease to exist, and any Event of Default with respect to such Series arising therefrom
shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto. This Section 6.4 shall be in lieu of TIA
Section 316(a)(1)(B), and TIA Section 316(a)(1)(B) is hereby expressly excluded from this Indenture and Section as permitted by the TIA. 
  

	6.5.	CONTROL BY MAJORITY. 

 Subject to Sections 6.2, 6.7 and 8.2
hereof, the Holders of a majority in principal amount of the Securities of any Series then outstanding may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee by this Indenture with respect to such Series. The Trustee, however, may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of
another Securityholder or that may involve the Trustee in personal liability; PROVIDED that the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. This Section 6.5 shall be in lieu of
TIA Section 316(a)(1)(A), and TIA Section 316(a)(1)(A) is hereby expressly excluded from this Indenture and Section as permitted by the TIA. 
  

	6.6.	LIMITATION ON SUITS. 

 Subject to Section 6.7 below, a
Securityholder may not institute any proceeding or pursue any remedy with respect to this Indenture or the Securities of a Series unless: 
 (1) the Holder gives to the Trustee written notice of a continuing Event of Default with respect to the Securities of that Series; 
 (2) the Holders of at least a majority in aggregate principal amount of the Securities of such Series then outstanding make a written request to the Trustee to pursue the remedy; 
 (3) such Holder or Holders offer to the Trustee indemnity reasonably satisfactory to the Trustee against any loss, liability or expense to be incurred in
compliance with such request; 
 (4) the Trustee does not comply with the request within 90 days after receipt of the request and the offer of
indemnity; and 
 (5) no direction inconsistent with such written request has been given to the Trustee during such 90-day period by the
Holders of a majority in aggregate principal amount of the Securities of such Series then outstanding. 
  

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

	6.7.	RIGHTS OF HOLDERS TO RECEIVE PAYMENT. 

 Notwithstanding any
other provision of this Indenture, the right of any Holder of a Security of a Series to receive payment of principal of, and premium, if any, and interest of the Security of such Series on or after the respective due dates expressed in the Security
of such Series, or to bring suit for the enforcement of any such payment on or after such respective dates, is absolute and unconditional and shall not be impaired or affected without the consent of the Holder. 
  

	6.8.	COLLECTION SUIT BY TRUSTEE. 

 If an Event of Default in
payment of principal, premium or interest specified in Section 6.1(1) or (2) hereof with respect to Securities of any Series at the time outstanding occurs and is continuing, the Trustee may recover judgment in its own name and as trustee
of an express trust against the Company (or any other obligor on the Securities of that Series) for the whole amount of unpaid principal and premium, if any, and accrued interest remaining unpaid, together with interest on overdue principal and
premium, if any, and, to the extent that payment of such interest is lawful, interest on overdue installments of interest, in each case at the rate then borne by the Securities of that Series, and such further amounts 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, as set forth in Section 7.7. 
  

	6.9.	TRUSTEE MAY FILE PROOFS OF CLAIM. 

 The Trustee may file
such proofs of claim and other papers or documents, and take other actions (including sitting on a committee of creditors) 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 the Securityholders allowed in any judicial proceedings relative to the Company (or any other obligor upon the Securities), any of their respective
creditors or any of their respective property and shall be entitled and empowered to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same after deduction of its charges and expenses to
the extent that any such charges and expenses are not paid out of the estate in any such proceedings and any custodian in any such judicial proceeding is hereby authorized by each Securityholder to make such payments to the Trustee, and in the event
that the Trustee shall consent to the making of such payments directly to the Securityholders, to pay to the Trustee any amount due to 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 7.7 hereof. 
 Nothing herein contained shall be deemed to authorize the Trustee to
authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities of a Series or the rights of any Holder thereof, or to authorize the Trustee to
vote in respect of the claim of any Securityholder in any such proceedings. 
  

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	6.10.	PRIORITIES. 

 If the Trustee collects any money pursuant to
this Article 6, it shall pay out the money in the following order: 
 FIRST: to the Trustee for amounts due under Section 7.7 hereof;

 SECOND: to Securityholders for amounts then due and unpaid for principal, premium, if any, 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: to the Company. 
 The
Trustee may fix a record date and payment date for any payment to Securityholders pursuant to this Section 6.10. At least 15 days before such record date, the Trustee shall mail to each Securityholder a notice that states the record date, the
payment date and amount to be paid. 
  

	6.11.	UNDERTAKING FOR COSTS. 

 In any suit for the enforcement of
any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of
the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.7 hereof or a suit by Holders of more than 10% in principal amount of the Securities of a Series then outstanding. 
 ARTICLE 7 
 TRUSTEE 

 

	7.1.	DUTIES OF TRUSTEE. 

 (a) If an Event of Default has
occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture and use the same degree of care and skill in its exercise as a prudent Person would exercise or use under the same circumstances in
the conduct of his own affairs. 
 (b) Except during the continuance of an Event of Default: 
 (1) The Trustee need perform only those duties that are specifically set forth in this Indenture and no covenants or obligations shall be implied in this
Indenture against the Trustee. 
  

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 (2) In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture but, in the case of any such certificates or opinions which by any
provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except
that: 
 (1) This paragraph does not limit the effect of paragraph (b) of this Section 7.1. 
 (2) The Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was
negligent in ascertaining the pertinent facts. 
 (3) The Trustee shall not be liable with respect to any action it takes or omits to take in
good faith in `accordance with a direction received by it pursuant to Sections 6.2 and 6.5 hereof. 
 (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 rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate
indemnity satisfactory to it against such risk or liability is not reasonably assured to it. 
 (e) Whether or not therein expressly so
provided, paragraphs (a), (b), (c) and (d) of this Section 7.1 shall govern every provision of this Indenture that in any way relates to the Trustee. 
 (f) The Trustee and Paying Agent shall not be liable for interest on any money received by it except as the Trustee and Paying Agent may agree in writing with the Company. Money held in trust by the Trustee need not
be segregated from other funds except to the extent required by the law. 
 (g) The Paying Agent, the Registrar and any authenticating agent
shall be entitled to the protections, immunities and standard of care set forth in paragraphs (a), (b), (c), (d) and (f) of this Section 7.1 and in Section 7.2 with respect to the Trustee. 
  

	7.2.	RIGHTS OF TRUSTEE. 

 (a) Subject to Section 7.1
hereof: 
 (1) The Trustee may rely on and shall be protected in acting or refraining from acting upon any document reasonably believed by it
to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document. 
  

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 (2) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an
Opinion of Counsel, or both, which shall conform to the provisions of Section 10.5 hereof. The Trustee shall be protected and shall not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion.

 (3) The Trustee may act through agents and attorneys and shall not be responsible for the misconduct or negligence of any agent appointed
by it with due care. 
 (4) The Trustee shall not be liable for any action it takes or omits to take in good faith which it reasonably
believes to be authorized or within its rights or powers. 
 (5) The Trustee may consult with counsel reasonably acceptable to the Trustee,
which may be counsel to the Company, and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good
faith and in accordance with the advice or opinion of such counsel. 
 (6) The Trustee shall be under no obligation to exercise any of the
rights or powers vested in it by this Indenture at the request, order or direction of any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the
costs, expenses and liabilities which may be incurred therein or thereby. 
 (7) The Trustee shall not be deemed to have knowledge of any
fact or matter (including, without limitation, a Default or Event of Default) unless such fact or matter is known to a Responsible Officer of the Trustee. 
 (8) Unless otherwise expressly provided herein or in the Securities of a Series or the related Board Resolution, supplemental indenture or Officers’ Certificate, the Trustee shall not have any responsibility with
respect to reports, notices, certificates or other documents filed with it hereunder, except to make them available for inspection, at reasonable times, by Securityholders, it being understood that 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 (except as set forth in Section 4.4). 
  

	7.3.	INDIVIDUAL RIGHTS OF TRUSTEE. 

 The Trustee in its
individual or any other capacity may become the owner or pledgee of Securities and may make loans to, accept deposits from, perform services for or otherwise deal with the Company, or any Affiliate thereof, with the same rights it would have if it
were not Trustee. Any Agent may do the same with like rights. The Trustee, however, shall be subject to Sections 7.10 and 7.11 hereof. 
  

	7.4.	TRUSTEE’S DISCLAIMER. 

 The Trustee makes no
representation as to the validity or adequacy of this Indenture or 
  

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 the Securities (except that the Trustee represents that it is duly authorized to execute and deliver this Indenture and
authenticate the Securities and perform its obligations hereunder), it shall not be accountable for the Company’s use of the proceeds from the sale of Securities or any money paid to the Company pursuant to the terms of this Indenture and it
shall not be responsible for any statement in the Securities other than its certificates of authentication. 
  

	7.5.	NOTICE OF DEFAULT. 

 If a Default or an Event of Default
occurs and is continuing with respect to the Securities of any Series and if it is known to the Trustee, the Trustee shall mail to each Securityholder of the Securities of that Series notice of the Default or the Event of Default, as the case may
be, within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of such Default or Event of Default (except if such Default or Event of Default has been validly cured or waived before the giving of such
notice). Except in the case of a Default or an Event of Default in payment of the principal of, or premium, if any, or interest on any Security of any Series, the Trustee may withhold the notice if and so long as the Board of Directors of the
Trustee, the executive committee or any trust committee of such board and/or its Responsible Officers in good faith determine(s) that withholding the notice is in the interests of the Securityholders of that Series. 
  

	7.6.	REPORTS BY TRUSTEE TO HOLDERS. 

 If and to the extent
required by the TIA, within 60 days after April 1 of each year, commencing the April 1 following the date of this Indenture, the Trustee shall mail to each Securityholder a brief report dated as of such April 1 that complies with TIA
Section 313(a). The Trustee also shall comply with TIA Sections 313(b) and 313(c). 
 A copy of each report at the time of its mailing
to Securityholders shall be filed with the SEC and any stock exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee when the Securities of any Series are listed on any stock exchange or any
delisting thereof, and the Trustee shall comply with TIA Section 313(d). 
  

	7.7.	COMPENSATION AND INDEMNITY. 

 The Company shall pay to the
Trustee from time to time reasonable compensation for its services. The Trustee’s compensation shall not be limited by any provision of law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee within 45 days
after receipt of request for all reasonable out-of-pocket disbursements and expenses incurred or made by it in connection with its duties under this Indenture, including the reasonable compensation, disbursements and expenses of the Trustee’s
agents and counsel. 
 The Company shall indemnify the Trustee for, and hold it harmless against, any and all loss or liability incurred by
it in connection with the acceptance or performance of its duties under this Indenture including the reasonable costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers
or duties hereunder. The Trustee shall notify the Company promptly of any claim asserted against the Trustee for which it may seek indemnity. 
  

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 The failure by the Trustee to so notify the Company shall not however relieve the Company of its
obligations. Notwithstanding the foregoing, the Company need not reimburse the Trustee for any expense or indemnify it against any loss or liability incurred by the Trustee through its negligence or bad faith. To secure the payment obligations of
the Company in this Section 7.7, the Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the Trustee except such money or property held in trust to pay principal of and interest and
premium (if any) on particular Securities of that Series. 
 When the Trustee incurs expenses or renders services after an Event of Default
specified in Section 6.1(4) or (5) hereof occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. 
 For purposes of this Section 7.7, the term “Trustee” shall include any trustee appointed pursuant to Article 9. 
  

	7.8.	REPLACEMENT OF TRUSTEE. 

 The Trustee may resign with
respect to the Securities of one or more Series by so notifying the Company in writing at least 90 days in advance of such resignation. 
 The Holders of a majority in principal amount of the outstanding Securities of any Series may remove the Trustee with respect to that Series by notifying the removed Trustee in writing and may appoint a successor Trustee with respect to
that Series with the consent of the Company, which consent shall not be unreasonably withheld. The Company may remove the Trustee with respect to that Series at its election if: 
 (1) the Trustee fails to comply with, or ceases to be eligible under, Section 7.10 hereof; 
 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

 (3) a Custodian or other public officer takes charge of the Trustee or its property; or 
 (4) the Trustee otherwise becomes incapable of acting. 
 (5) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee with respect to any Series of Securities for any reason, the Company shall promptly appoint, by Board Resolution, a successor
Trustee. 
 If a successor Trustee with respect to the Securities of one or more Series 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 principal amount of the outstanding Securities of the applicable Series may petition any court of competent jurisdiction for the appointment
of a successor Trustee. 
 If the Trustee with respect to the Securities of one or more Series fails to comply with Section 7.10 hereof,
any Securityholder of the applicable Series may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
  

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 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to
the Company. Immediately following such delivery, (i) the retiring Trustee with respect to one or more Series shall, subject to its rights under Section 7.7 hereof, transfer all property held by it as Trustee with respect to such Series to
the successor Trustee, (ii) the resignation or removal of the retiring Trustee shall become effective, and (iii) the successor Trustee with respect to such Series shall have all the rights, powers and duties of the Trustee under this
Indenture. A successor Trustee with respect to the Securities of one or more Series shall mail notice of its succession to each Securityholder of such Series. 
  

	7.9.	SUCCESSOR TRUSTEE BY CONSOLIDATION, MERGER OR CONVERSION. 

 If the Trustee, or any Agent, consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust assets to, another corporation, subject to Section 7.10 hereof, the successor corporation without
any further act shall be the successor Trustee or Agent, as the case may be. 
  

	7.10.	ELIGIBILITY; DISQUALIFICATION. 

 This Indenture shall
always have a Trustee who satisfies the requirements of TIA Sections 310(a)(1), (2) and (5) in every respect. The Trustee (or in the case of a Trustee that is a Person included in a bank holding company system, the related bank holding
company) shall have a combined capital and surplus of at least $100,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA Section 310(b), including the provision in
Section 310(b)(1). In addition, if the Trustee is a Person included in a bank holding company system, the Trustee, independently of such bank holding company, shall meet the capital requirements of TIA Section 310(a)(2). If at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section 7.10, it shall resign immediately in the manner and with the effect specified in this Article 7. 
  

	7.11.	PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY. 

 The
Trustee shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated therein.

  

	7.12.	PAYING AGENT. 

 The Company shall cause each Paying Agent
other than the Trustee to execute and deliver to it and the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 7.12: 
 (1) that it will hold all sums held by it as agent for the payment of principal of, or premium, if any, or interest on, the Securities (whether such sums
have been paid to it by the Company or by any obligor on the Securities) in trust for the benefit of Holders of the Securities or the Trustee; 
  

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 (2) that it will at any time during the continuance of any Event of Default, upon written request from
the Trustee, deliver to the Trustee all sums so held in trust by it together with a full accounting thereof; and 
 (3) that it will give the
Trustee written notice within three (3) Business Days after any failure of the Company (or by any obligor on the Securities) in the payment of any installment of the principal of, premium, if any, or interest on, the Securities when the same
shall be due and payable. 
 ARTICLE 8 
 AMENDMENTS, SUPPLEMENTS AND WAIVERS 
  

	8.1.	WITHOUT CONSENT OF HOLDERS. 

 The Company, when authorized
by a Board Resolution, and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without notice to or consent of any Securityholder: 
 (1) to comply with Section 5.1 hereof; 
 (2) to provide for certificated Securities in addition to
uncertificated Securities; 
 (3) to comply with any requirements of the SEC under the TIA; 
 (4) to cure any ambiguity, defect or inconsistency, or to make any other change herein or in the Securities that does not materially and adversely affect
the rights of any Securityholder; 
 (5) to provide for the issuance of and establish the form and terms and conditions of Securities of any
Series as permitted by this Indenture; or 
 (6) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee
with respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee. 

The Trustee is hereby authorized to join with the Company in the execution of any supplemental indenture authorized or permitted by the terms of this
Indenture and to make any further appropriate agreements and stipulations which may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture which adversely affects its own rights, duties or
immunities under this Indenture. 
  

	8.2.	WITH CONSENT OF HOLDERS. 

 (a) The Company, when authorized
by a Board Resolution, and the Trustee may amend or supplement this Indenture or the Securities of one or more Series with the written 
  

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 consent of the Holders of not less than a majority in aggregate principal amount of the outstanding Securities of such
Series affected by such amendment or supplement without notice to any Securityholder. The Holders of not less than a majority in aggregate principal amount of the outstanding Securities of each such Series affected by such amendment or supplement
may waive compliance in a particular instance by the Company with any provision of this Indenture or the Securities of such Series without notice to any Securityholder. Subject to Section 8.4, without the consent of each Securityholder
affected, however, an amendment, supplement or waiver may not: 
 (1) reduce the amount of Securities whose Holders must consent to an
amendment, supplement or waiver to this Indenture or the Securities; 
 (2) reduce the rate of or change the time for payment of interest on
any Security; 
 (3) reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed
for, the payment of any sinking fund or analogous obligation; 
 (4) make any Security payable in money other than that stated in the
Security; 
 (5) change the amount or time of any payment required by the Securities or reduce the premium payable upon any redemption of the
Securities, or change the time before which no such redemption may be made; 
 (6) waive a Default or Event of Default in the payment of the
principal of or interest or premium, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of
the payment default that resulted from such acceleration); 
 (7) waive a redemption payment with respect to any Security or change any of
the provisions with respect to the redemption of any Securities; 
 (8) make any changes in Section 6.6 hereof or this Section 8.2;
except to increase any percentage of Securities the Holders of which must consent to any matter; or 
 (9) take any other action otherwise
prohibited by this Indenture to be taken without the consent of each Holder affected thereby. 
 (b) Upon the request of the Company,
accompanied by a Board Resolution authorizing the execution of any such supplemental indenture, and upon the receipt by the Trustee of evidence reasonably satisfactory to the Trustee of the consent of the Securityholders as aforesaid and upon
receipt by the Trustee of the documents described in Section 8.6 hereof, the Trustee shall join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s own rights, duties or
immunities under this Indenture, in which case the Trustee may in its discretion, but shall not be obligated to, enter into such supplemental indenture. 
  

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 (c) It shall not be necessary for the consent of the Holders under this section to approve the particular
form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment or
supplement under this Section becomes effective, the Company shall mail to Securityholders a notice briefly describing the amendment or supplement. Any failure of the Company to mail any such notice, or any defect therein, shall not, however, in any
way impair or affect the validity of any supplemental indenture. 
  

	8.3.	COMPLIANCE WITH TRUST INDENTURE ACT. 

 Every amendment to
or supplement of this Indenture or the Securities shall comply with the TIA as then in effect. 
  

	8.4.	REVOCATION AND EFFECT OF CONSENTS. 

 Until an amendment,
supplement, waiver or other action becomes effective, a consent to it by a Holder of a Security is a continuing consent conclusive and binding upon such Holder and every subsequent Holder of the same Security or portion thereof, and of any Security
issued upon the transfer thereof or in exchange therefor or in place thereof, even if notation of the consent is not made on any such Security. Any such Holder or subsequent Holder, however, may revoke the consent as to his Security or portion of a
Security, if the Trustee receives the notice of revocation before the date the amendment, supplement, waiver or other action becomes effective. 
 The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any amendment, supplement, or waiver which record date shall be at least 30 days prior to the first
solicitation of such consent. If a record date is fixed, then, notwithstanding the preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only such Persons, shall be entitled to consent to
such amendment, supplement, or waiver or to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. 
 After an amendment, supplement, waiver or other action becomes effective, it shall bind every Securityholder, unless it makes a change described in any of clauses (1) through (9) of Section 8.2 hereof.
In that case the amendment, supplement, waiver or other action shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting
Holder’s Security; PROVIDED that any such waiver shall not impair or affect the right of any Holder to receive payment of principal of and interest and premium (if any) on a Security, on or after the respective due dates expressed in such
Security, or to bring suit for the enforcement of any such payment on or after such respective dates without the consent of such Holder. 
  

	8.5.	NOTATION ON OR EXCHANGE OF SECURITIES. 

 If an amendment,
supplement, or waiver changes the terms of a Security of any Series, the Trustee may request the Holder of such Security to deliver it to the Trustee. In such case, the Trustee shall place an appropriate notation on such Security about the changed
terms and return it to the Holder. Alternatively, the Company in exchange for such Security may issue and the 
  

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 Trustee shall authenticate a new security that reflects the changed terms. Failure to make the appropriate notation or
issue a new Security shall not affect the validity and effect of such amendment, supplement or waiver. 
  

	8.6.	TRUSTEE TO SIGN AMENDMENTS, ETC. 

 The Trustee shall sign
any amendment, supplement or waiver authorized pursuant to this Article 8 if the amendment, supplement or waiver does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may, but need not, sign
it. In signing or refusing to sign such amendment, supplement or waiver the Trustee shall be entitled to receive and, subject to Section 7.1 hereof, shall be fully protected in relying upon an Officers’ Certificate and an Opinion of
Counsel stating that such amendment, supplement or waiver is authorized or permitted by this Indenture. The Company may not sign an amendment or supplement until the Board of Directors of the Company approves it. 
 ARTICLE 9 
 DISCHARGE OF INDENTURE;
DEFEASANCE 
  

	9.1.	DISCHARGE OF INDENTURE. 

 The Company may terminate its
obligations under the Securities of any Series and this Indenture with respect to such Series, except the obligations referred to in the last paragraph of this Section 9.1, if there shall have been canceled by the Trustee or delivered to the
Trustee for cancellation all Securities of such Series theretofore authenticated and delivered (other than any Securities of such Series that are asserted to have been destroyed, lost or stolen and that shall have been replaced as provided in
Section 2.8 hereof) and the Company has paid all sums payable by it hereunder or deposited all required sums with the Trustee. 
 After
such delivery the Trustee upon request shall acknowledge in a writing prepared by or on behalf of the Company the discharge of the Company’s obligations under the Securities of such Series and this Indenture except for those surviving
obligations specified below. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company in Sections
7.7, 9.5 and 9.6 hereof shall survive. 
  

	9.2.	LEGAL DEFEASANCE. 

 The Company may at its option, by Board
Resolution, be discharged from its obligations with respect to the Securities of any Series on the date upon which the conditions set forth in Section 9.4 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such
Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the Securities of such Series and to have satisfied all its other obligations under such Securities and this Indenture insofar
as such Securities are concerned (and the Trustee, at the expense of the Company, shall, subject to Section 9.6 hereof, execute proper instruments acknowledging the same, as are delivered to it by the Company), except for the following which
shall survive until otherwise terminated or discharged hereunder: (A) the rights of Holders of outstanding Securities of such Series to receive solely from the trust funds 
  

 -35- 

 described in Section 9.4 hereof and as more fully set forth in such section, payments in respect of the principal
of, premium, if any, and interest on the Securities of such Series when such payments are due, (B) the Company’s obligations with respect to the Securities of such Series under Sections 2.4, 2.5, 2.6, 2.7, 2.8 and 2.9 hereof, (C) the
rights, powers, trusts, duties, and immunities of the Trustee hereunder (including claims of, or payments to, the Trustee under or pursuant to Section 7.7 hereof) and (D) this Article 9. Subject to compliance with this Article 9, the
Company may exercise its option under this Section 9.2 with respect to the Securities of any Series notwithstanding the prior exercise of its option under Section 9.3 below with respect to the Securities of such Series. 
  

	9.3.	COVENANT DEFEASANCE. 

 At the option of the Company,
pursuant to a Board Resolution, the Company shall be released from its obligations with respect to the outstanding Securities of any Series under Sections 4.2 through 4.5 hereof, inclusive, and Section 5.1 hereof, with respect to the
outstanding Securities of such Series, on and after the date the conditions set forth in Section 9.4 hereof are satisfied (hereinafter, “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that the Company may omit
to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified section or portion thereof, whether directly or indirectly by reason of any reference elsewhere herein to any such specified
Section or portion thereof or by reason of any reference in any such specified section or portion thereof to any other provision herein or in any other document, but the remainder of this Indenture and the Securities of any Series shall be
unaffected thereby. 
  

	9.4.	CONDITIONS TO LEGAL DEFEASANCE OR COVENANT DEFEASANCE. 

 The following shall be the conditions to application of Section 9.2 or Section 9.3 hereof to the outstanding Securities of a Series: 
 (1) the Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 7.10 hereof who shall agree to comply with the provisions of
this Article 9 applicable to it) as funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of the Securities, (A) money in an amount, or
(B) U.S. Government Obligations or Foreign Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than the due date of any payment, money in
an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall
be applied by the Trustee (or other qualifying trustee) to pay and discharge, the principal of, premium, if any, and accrued interest on the outstanding Securities of such Series at the Stated Maturity of such principal, premium, if any, or
interest, or on dates for payment and redemption of such principal, premium, if any, and interest selected in accordance with the terms of this Indenture and of the Securities of such Series; 
 (2) no Event of Default or Default with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit, or
shall have occurred and be 
  

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 continuing at any time during the period ending on the 91st day after the date of such deposit or, if longer, ending on
the day following the expiration of the longest preference period under any Bankruptcy Law applicable to the Company in respect of such deposit as specified in the Opinion of Counsel identified in paragraph (8) below (it being understood that
this condition shall not be deemed satisfied until the expiration of such period); 
 (3) such Legal Defeasance or Covenant Defeasance shall
not cause the Trustee to have a conflicting interest for purposes of the TIA with respect to any securities of the Company; 
 (4) such Legal
Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute default under any other agreement or instrument to which the Company is a party or by which it is bound; 
 (5) the Company shall have delivered to the Trustee an Opinion of Counsel stating that, as a result of such Legal Defeasance or Covenant Defeasance,
neither the trust nor the Trustee will be required to register as an investment company under the Investment Company Act of 1940, as amended; 
 (6) in the case of an election under Section 9.2 above, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from, or there has been published by, the Internal Revenue
Service a ruling to the effect that or (ii) there has been a change in any applicable Federal income tax law with the effect that, and such opinion shall confirm that, the Holders of the outstanding Securities of such Series or Persons in their
positions will not recognize income, gain or loss for Federal income tax purposes solely as a result of such Legal Defeasance and will be subject to Federal income tax on the same amounts, in the same manner, including as a result of prepayment, and
at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (7) in the case of an election under
Section 9.3 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of the outstanding Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a
result of such Covenant Defeasance and will be subject to 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; 
 (8) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent
provided for in this Article 9 relating to either the Legal Defeasance under Section 9.2 above or the Covenant Defeasance under Section 9.3 hereof (as the case may be) have been complied with; 
 (9) the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit under clause (1) was not made by the
Company with the intent of defeating, hindering, delaying or defrauding any creditors of the Company or others; and 
 (10) the Company shall
have paid or duly provided for payment under terms mutually satisfactory to the Company and the Trustee all amounts then due to the Trustee pursuant to Section 7.7 hereof. 
  

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	9.5.	DEPOSITED MONEY AND U.S. AND FOREIGN GOVERNMENT OBLIGATIONS TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS. 

 All money, U.S. Government Obligations and Foreign Government Obligations (including the proceeds thereof) deposited with the Trustee pursuant to
Section 9.4 hereof in respect of the outstanding Securities shall 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
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 accrued interest, but such money need not be segregated from other funds except to the extent
required by law. 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the
U.S. Government Obligations and Foreign Government Obligations deposited pursuant to Section 9.4 hereof or the principal, premium, if any, 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. 
 Anything in this Article 9 to the contrary notwithstanding, but subject to
payment of any of its outstanding fees and expenses, the Trustee shall deliver or pay to the Company from time to time upon Company Request any money, U.S. Government Obligations or Foreign Government Obligations held by it as provided in
Section 9.4 hereof which, in the opinion of a nationally-recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required
to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 
  

	9.6.	REINSTATEMENT. 

 If the Trustee or Paying Agent is unable
to apply any money, U.S. Government Obligations or Foreign Government Obligations in accordance with Section 9.1, 9.2, 9.3 or 9.4 hereof by reason of any legal proceeding or by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Securities shall be revived and reinstated as though no deposit had occurred pursuant to this Article 9 until
such time as the Trustee or Paying Agent is permitted to apply all such money, U.S. Government Obligations or Foreign Government Obligations, as the case may be, in accordance with Section 9.1, 9.2, 9.3 or 9.4 hereof; PROVIDED, HOWEVER, that if
the Company has made any payment of principal of, premium, if any, or accrued interest on any Securities because of the reinstatement of their obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive
such payment from the money, U.S. Government Obligations or Foreign Government Obligations held by the Trustee or Paying Agent. 
  

	9.7.	MONEYS HELD BY PAYING AGENT. 

 In connection with the
satisfaction and discharge of this Indenture, all moneys then held by any Paying Agent under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee, or if sufficient moneys have been deposited pursuant to
Section 9.1 hereof, to the Company, and thereupon such Paying Agent shall be released from all further liability with respect to such moneys. 
  

 -38- 

	9.8.	MONEYS HELD BY TRUSTEE. 

 Any moneys deposited with the
Trustee or any Paying Agent or then held by the Company in trust for the payment of the principal of, or premium, if any, or interest on any Security that are not applied but remain unclaimed by the Holder of such Security for two years after the
date upon which the principal of, or premium, if any, or interest on such Security shall have respectively become due and payable shall be repaid to the Company upon Company Request, or if such moneys are then held by the Company in trust, such
moneys shall be released from such trust; and the Holder of such Security entitled to receive such payment shall thereafter, as an unsecured general creditor, look only to the Company for the payment thereof, and all liability of the Trustee or such
Paying Agent with respect to such trust money shall thereupon cease; PROVIDED, HOWEVER, that the Trustee or any such Paying Agent, before being required to make any such repayment, may, at the expense of the Company, either mail to each
Securityholder affected, at the address shown in the register of the Securities maintained by the Registrar or cause to be published once a week for two successive weeks, in a newspaper published in the English language, customarily published each
Business Day and of general circulation in the City of New York, New York, a 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 mailing or publication, any
unclaimed balance of such moneys then remaining will be repaid to the Company. After payment to the Company or the release of any money held in trust by the Company, Securityholders entitled to the money must look only to the Company for payment as
general creditors unless applicable abandoned property law designates another Person. 
 ARTICLE 10 
 MISCELLANEOUS 
  

	10.1.	TRUST INDENTURE ACT CONTROLS. 

 If any provision of this
Indenture limits, qualifies or conflicts with another provision which is required to be included in this Indenture by the TIA, the required provision shall control. If any provision of this Indenture modifies or excludes any provision of the TIA
which may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
  

	10.2.	NOTICES. 

 Any notice or communication shall be given in
writing and delivered in Person, sent by facsimile (and receipt confirmed by telephone or electronic transmission report), delivered by commercial courier service or mailed by first-class mail, postage prepaid, addressed as follows: 
 If to the Company: 
 Oscient Pharmaceuticals Corporation 
 1000 Winter Street, Suite 2200 
  

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 Waltham, MA 
 Fax: (781) 893-9535 
 Attention: Chief Financial Officer 
 Copy to: 
 Ropes & Gray LLP 
 One International Place 
 Boston, Massachusetts 02110 
 Fax: (617) 951-7050 
 Attention: Patrick O’Brien 
 If to the Trustee: 

					
		  	  
	  	
		  	  
	  	
		  	  
	  	
		  	  
	  	

 The Company or the Trustee by written notice to the other may designate additional or different
addresses for subsequent notices or communications. Any notice or communication to the Company or the Trustee shall be deemed to have been given or made as of the date so delivered if personally delivered; when receipt is confirmed by telephone or
electronic transmission report, if sent by facsimile; and three (3) Business Days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of change of address shall not be deemed to have been given until
actually received by the addressee). 
 Any notice or communication mailed to a Securityholder shall be mailed to such Securityholder by
first-class mail, postage prepaid, at such Securityholder’s address shown on the register kept by the Registrar. 
 Failure to mail a
notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. If a notice or communication to a Securityholder is mailed in the manner provided above, it shall be deemed duly
given, three Business Days after such mailing, whether or not the addressee receives it. 
 In case by reason of the suspension of regular
mail service, or by reason of any other cause, it shall be impossible to mail any notice as required by this Indenture, then such method of notification as shall be made with the approval of the Trustee shall constitute a sufficient mailing of such
notice. 
 In the case of Global Securities, notices or communications to be given to Securityholders shall be given to the Depository, in
accordance with its applicable policies as in effect from time to time. 
 In addition to the manner provided for in the foregoing
provisions, notices or communications to Securityholders shall be given by the Company by release made to Reuters Economic Services and Bloomberg Business News. 
  

 -40- 

	10.3.	COMMUNICATIONS BY HOLDERS WITH OTHER HOLDERS. 

 Securityholders of any Series may communicate pursuant to TIA Section 312(b) with other Securityholders of that Series or any other Series with respect to their rights under this Indenture or the Securities of that Series or any other
Series. The Company, the Trustee, the Registrar and any other Person shall have the protection of TIA Section 312(c). 
  

	10.4.	CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT. 

 Upon
any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee: 
 (1) an Officers’ Certificate (which shall include the statements set forth in Section 10.5 below) stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the
proposed action have been complied with; and 
 (2) an Opinion of Counsel (which shall include the statements set forth in Section 10.5
below) stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
  

	10.5.	STATEMENT REQUIRED IN CERTIFICATE AND OPINION. 

 Each
certificate and opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than pursuant to Section 4.4 hereof) shall include: 
 (1) a statement that the Person making such certificate or opinion has read such covenant or condition; 
 (2) 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; 
 (3) a statement that, in the opinion of such Person, it or he has made such examination or investigation as is
necessary to enable it or him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (4) a statement as to whether or not, in the opinion of such Person, such covenant or condition has been complied with. 
  

	10.6.	RULES BY TRUSTEE AND AGENTS. 

 The Trustee may make
reasonable rules for action by or at meetings of Securityholders. The Registrar and Paying Agent may make reasonable rules for their functions. 
  

	10.7.	BUSINESS DAYS; LEGAL HOLIDAYS; PLACE OF PAYMENT. 

 A
“Business Day” is a day that is not a Legal Holiday. A “Legal Holiday” is a Saturday, a 
  

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 Sunday, a federally-recognized holiday or a day on which banking institutions are not authorized or required by law or
executive order to be open in the Commonwealth of Massachusetts or the State of New York. 
 If a payment date is a Legal Holiday at a Place
of Payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. “Place of Payment” means the place or places where the principal of and any
premium and interest on the Securities of a Series are payable as specified as contemplated by Section 2.2. If the regular record date is a Legal Holiday, the record date shall not be affected. 
  

	10.8.	GOVERNING LAW. 

 THIS INDENTURE AND THE SECURITIES SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE COMMONWEALTH OF MASSACHUSETTS WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 
  

	10.9.	NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS. 

 This
Indenture may not be used to interpret another indenture, loan, security or debt agreement of the Company or any Subsidiary thereof. No such indenture, loan, security or debt agreement may be used to interpret this Indenture. 
  

	10.10.	NO RECOURSE AGAINST OTHERS. 

 A director, officer,
employee, stockholder or incorporator, as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture. Each Securityholder by accepting a Security waives and releases all such liability.
Such waiver and release are part of the consideration for the issuance of the Securities. 
  

	10.11.	SUCCESSORS. 

 All covenants and agreements of the Company
in this Indenture and the Securities shall bind its successors and assigns, whether so expressed or not. All agreements of the Trustee, any additional trustee and any Paying Agents in this Indenture shall bind their respective successors and
assigns. 
  

	10.12.	MULTIPLE COUNTERPARTS. 

 The parties may sign multiple
counterparts of this Indenture. Each signed counterpart shall be deemed an original, but all of them together represent one and the same agreement. 
  

	10.13.	TABLE OF CONTENTS, HEADINGS, ETC. 

 The table of contents,
cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions
hereof. 
  

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	10.14.	SEVERABILITY. 

 Each provision of this Indenture shall be
considered separable and if for any reason any provision which is not essential to the effectuation of the basic purpose of this Indenture or the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby and a Holder shall have no claim therefor against any party hereto. 
  

	10.15.	SECURITIES IN A FOREIGN CURRENCY OR IN EURO. 

 Unless
otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers’ Certificate delivered pursuant to Section 2.2 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 or currency other than Dollars (including Euros), 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 at such time. For purposes of this Section 10.15, “Market Exchange Rate” shall mean the noon Dollar buying rate in New York City for cable
transfers of that currency as published by the Federal Reserve Bank of New York; PROVIDED, HOWEVER, in the case of Euros, Market Exchange Rate shall mean the rate of exchange determined by the Commission of the European Union (or any successor
thereto) as published in the Official Journal of the European Union (such publication or any successor publication, the “Journal”). If such Market Exchange Rate is not 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 New York or, in the case of Euros, the rate of exchange as published in the Journal, as of the most recent available date, or
quotations or, in the case of Euros, 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 or, in the case of Euros, in Luxembourg or such other quotations or, in the case of
Euros, rates of exchange as the Trustee, upon consultation with the Company, 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
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 shall, in the absence of manifest error, be conclusive to the
extent permitted by law for all purposes and irrevocably binding upon the Company and all Holders. 
  

	10.16.	JUDGMENT CURRENCY. 

 The Company 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 or premium (if any) or other amount on
the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be 
  

 -43- 

 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 New York Banking Day, then, 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 New York Banking Day 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, any recovery pursuant to any judgment (whether or not entered
in accordance with subsection (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. For purposes of the foregoing, “New York Banking Day” means any day
except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close. 
 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and their respective corporate seals to be hereunto affixed and
attested, all as of the day and year first above written. 
  

			
	OSCIENT PHARMACEUTICALS CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[Name of Trustee]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 -44- 

 COMMONWEALTH OF MASSACHUSETTS ) 
 ) SS 
 COUNTY OF
                    ) 
 On
this, the      day of                     ,
            , before me, a Notary Public in and for said County and State, the undersigned officer, personally appeared
                            , known to me (or satisfactorily proven) to be the person whose name is
subscribed to the within instrument and acknowledged that he or she executed the same for the purposes therein contained. 
 IN WITNESS
WHEREOF, I hereunto set my hand and official seal. 
 Notary Public
                                        
                                        

 [SEAL] 
 My
Commission Expires: 
 COMMONWEALTH OF MASSACHUSETTS ) 
 ) SS 
 COUNTY OF
                    ) 
 On
this, the      day of                     ,
            , before me, a Notary Public in and for said County and State, the undersigned officer, personally appeared
                            , known to me (or satisfactorily proven) to be the person whose name is
subscribed to the within instrument and acknowledged that he or she executed the same for the purposes therein contained. 
 IN WITNESS
WHEREOF, I hereunto set my hand and official seal. 
 Notary Public
                                        
                                        
     
 [SEAL] 
 My Commission
Expires: 
  

 -45-

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