Document:

Employment Agreement

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT,
dated as of the 11th day of February, 2008, is by and between Freescale Semiconductor, Inc. (the “Company”), Freescale Holdings GP, Ltd.
(the “GP”), and Richard M. Beyer (the “Executive”). 
 WHEREAS, the Board of Directors of the
Company (the “Board”) and the Board of Directors of the GP, the managing general partner of Freescale Holdings, L.P. (the “Parent Board”) have determined that it is in the best interests of the Company and its
parents and ultimate owners for the Executive to serve as the Company’s Chief Executive Officer and to serve as Chairman of the Board as well as to serve as Chairman of the Parent Board, on the terms and conditions set forth in this Agreement;

 WHEREAS, the Executive desires to accept such service, subject to the terms and provisions of this Agreement. 
 NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of
which is mutually acknowledged, the Company and the Executive agree as follows: 
 1. Effective Date. The Company will employ
the Executive commencing on March 17, 2008, or on such later date to be identified by the Executive based upon the effective date of the Executive’s resignation of employment from his current employer (the “Effective
Date”). 
 2. Employment Period. The Company hereby agrees to employ the Executive, and the Executive hereby agrees to
be employed by the Company, subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on the Date of Termination, as defined below (the period of such employment to be called the
“Employment Period”). 
 3. Terms of Employment. 
 (a) Position and Duties. 
 (i) During the Employment Period, the Executive shall serve as the Chief Executive Officer of the Company, with such duties and responsibilities as are commensurate with such position, and shall report to the Board and the Parent Board. In
addition, during the Employment Period, subject to Section 4(g), the Executive shall serve as (or appoint a designee to serve as) Chairman of the Board and shall serve as Chairman of the Parent Board and shall be nominated (and re-nominated) by
the Company and the GP, as applicable, to remain on such boards during the Employment Period. The Executive’s principal locations of employment shall be at the Company’s offices in Austin, Texas and San Jose, California; provided, however,
that the Executive will spend sufficient and reasonable working hours at the Company’s offices in Austin, 

 
Texas, and provided further that the Executive may be required under reasonable business circumstances to engage in additional travel to that described above
in connection with performing his duties under this Agreement. 
 (ii) The Executive agrees that during the Employment Period,
he shall devote all of his business time, energies and talents to serving as the Company’s Chief Executive Officer, as a director and Chairman of the Board (if applicable) and as a director and Chairman of the Parent Board, and perform his
duties conscientiously and faithfully subject to the lawful directions of the boards, and in accordance with each of the Company’s corporate governance and ethics guidelines, conflict of interests policies, and codes of conduct (collectively,
the “Company Policies”). During the Employment Period, it shall not be a violation of this Agreement for the Executive, subject to the requirements of Section 10, to serve on corporate, civic or charitable boards or committees;
provided, that, without the written approval of the Parent Board, which shall not be unreasonably withheld, the Executive shall not serve on more than one such corporate board. 
 (b) Compensation. 
 (i) Base Salary. During the Employment Period, the Executive shall receive an annualized base salary (“Annual Base Salary”) of not less than $1,100,000, payable pursuant to the Company’s normal payroll
practices. During the Employment Period, the current Annual Base Salary shall be reviewed for increase at such time, and in the same manner, as the salaries of senior officers of the Company are reviewed generally. 
 (ii) Annual Bonus. For each calendar year of the Company completed during the Employment Period, the Executive shall be eligible to
receive an annual cash bonus (“Annual Bonus”) based upon performance targets that are established by the Compensation and Leadership Committee of the Parent Board (the “Committee”); provided that, the
Executive’s target Annual Bonus shall be not less than 150% of his Annual Base Salary (the “Target Bonus”). Notwithstanding the foregoing and except as set forth in Section 5(b), the Executive’s Annual Bonus with
respect to the portion of the 2008 calendar year during the Employment Period will be no less than $1,100,000. 
 (iii)
Commencement Bonus. In connection with the commencement of the Executive’s services hereunder, as soon as practicable following the Effective Date, the Executive will receive a one-time cash bonus equal to $1,000,000. 
 (iv) Profits Interest. Within 30 days of the Effective Date, the Executive will be granted all of the Class B Interests – 2008
Series (as defined in the Amended and Restated Agreement of Exempted Limited Partnership of the Parent, dated as of February 11, 2008, the “LP Agreement”) which will provide the Executive an interest in the Parent entitling the
Executive to distributions equal to 1.2472% of all distributions in excess of the Partnership 2008 Book Value (as defined in the LP 

  

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Agreement) made by the Parent, subject in all respects to the terms and conditions of the Freescale Holdings L.P. Award Agreement attached hereto as Annex
A. No other Class B Interests – 2008 Series shall be granted to any person other than the Executive. 
 (v)
Restricted Stock Units. Within 30 days of the Effective Date, the Executive will be granted 2,100,840 restricted stock units in Freescale Semiconductor Holdings I, Ltd. subject in all respects to the terms and conditions of the Freescale
Semiconductor Holdings Restricted Stock Unit Award Agreement attached hereto as Annex B. 
 (vi) Deferred
Compensation. The Executive will be given the opportunity to vest into deferred compensation of $12,500,000 subject in all respects to the terms and conditions of the Freescale Semiconductor Inc. Deferred Compensation Agreement attached hereto
as Annex C. 
 (vii) Participation in Incentive Plans. The Executive shall be eligible to participate in any
long-term incentive plans or programs established by the Company or its affiliates for senior officers generally, at levels commensurate with the benefits provided to other senior officers and with adjustments appropriate for his position as the
Chief Executive Officer, Chairman of the Board and Chairman of the Parent Board. Any awards made under Sections 3(b)(iv), (v) and (vii) and other similar awards subsequently issued to the Executive by members of the “Affiliated
Group” (as defined below) shall be referred to in this Agreement as the “Equity Awards.” 
 (viii)
Benefits. During the Employment Period, the Executive shall be eligible for participation in the welfare, retirement, perquisite (including, but not limited to, the use of an aircraft to the same extent as under the Company’s written
policy applicable to the Company’s Chief Executive Officer as of June 22, 2007, and the use of an apartment and automobile in the Austin, Texas metropolitan area) and fringe benefit (including relocation, financial planning, and
automobile), and other benefit plans, practices, policies and programs, as may be in effect from time to time, for senior officers of the Company generally; provided, that, any severance payments or benefits to be received under any severance
benefit plans, practices, policies and programs shall be offset and reduced by any severance benefits or payments received under this Agreement. In the event that any of the perquisites provided by the Company or its affiliates to the Executive
related to business travel to Austin, Texas subject the Executive to any tax liability, the Company agrees to pay the Executive an amount of cash equal to such tax liability and an additional amount of cash equal to the tax liability that the
Executive will be subject to as a result of the total cash payment described in this sentence. 
 (ix) Expenses. During
the Employment Period, the Executive shall be eligible for prompt reimbursement for business expenses (including, but not limited to, reasonable business expenses incident to business related travel to Austin, Texas) reasonably incurred by the
Executive in accordance with the policies of the Company as may be in effect from time to time for senior officers generally. 
  

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 (x) Vacation. During the Employment Period, the Executive shall be eligible for
paid vacation in accordance with the policies of the Company as may be in effect from time to time for senior officers generally; provided, however, that during each calendar year of the Employment Period, Executive shall be entitled to at least
four (4) weeks of paid vacation. 
 (c) Other Entities. The Executive agrees to serve upon request, without additional
compensation, as an officer and director for each of the Company’s subsidiaries, partnerships, joint ventures, limited liability companies and other entities, which, in each case, are affiliates of the Company, including entities in which the
Company has a significant investment (collectively, the Company and such entities, shall be referred to herein as the “Affiliated Group”), as determined by the Company. As used in this Agreement, the term
“affiliate” of an entity shall include any entity controlled by, controlling, or under common control with such entity; provided, however, that with respect to the Company, an affiliate shall not include any entity that would be an
affiliate of the Company as a result of such entity being under common control with the Company by any member, or the members collectively, of the “Principal Investor Group” (as defined in the Investors Agreement by and among Freescale
Holdings L.P., Freescale Holdings (Bermuda) I, Ltd., Freescale Holdings (Bermuda) II, Ltd., Freescale Holdings (Bermuda) III, Ltd., Freescale Acquisition Holdings Corp., Freescale Holdings (Bermuda) IV, Ltd., Freescale Acquisition Corporation and
Certain Freescale Holdings L.P. Investors and certain stockholders of Freescale Holdings (Bermuda) I, Ltd. dated as of December 1, 2006) or their successors in interest. 
 4. Termination of Employment. (a) Death or Disability. The Executive’s employment shall terminate automatically upon the
Executive’s death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may provide
the Executive with a Notice of Termination. In such event, the Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the “Disability Effective Date”);
provided that, within the 30-day period after such receipt, the Executive shall not have returned to full time performance of the Executive’s duties. For purposes of this Agreement, “Disability” shall mean the inability of the
Executive to perform his duties with the Company on a full-time basis for 180 consecutive days or for 180 intermittent days in any one-year period as a result of incapacity due to mental or physical illness which is determined to be total and
permanent by a licensed physician selected by the Company or its insurers and reasonably acceptable to the Executive or the Executive’s legal representative. If the parties cannot agree on a licensed physician, each party shall select a
licensed physician and the two physicians shall select a third who shall be the approved licensed physician for this purpose. 
 (b)
Cause. The Company may terminate the Executive’s employment during the Employment Period either with or without Cause by providing a Notice of Termination to the Executive, provided that if such termination is with Cause, such Notice of
Termination may be provided to the Executive at any time following the adoption of a written resolution by the Board (which shall require an affirmative vote of not less than a majority of the Board (not including the Executive)) that there is
“Cause” for such termination. For purposes of this Agreement, “Cause” shall mean: 
 (i) the
Executive’s willful or gross and repeated misconduct in the performance of his duties in each instance so as to cause material harm to the Company or any of its affiliates, which is not cured within 30 days following delivery to the Executive
of a written notice by the Board of such willful or gross and repeated misconduct; or 
  

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 (ii) a judicial determination that the Executive has committed fraud, misappropriation or
embezzlement against the Company or any of its affiliates; or 
 (iii) the Executive’s conviction of a felony that
constitutes a crime involving moral turpitude and that results in material harm to the Company or any of its affiliates. 
 (c) Good
Reason. The Executive’s employment may be terminated by the Executive for Good Reason if (x) an event or circumstance set forth in the clauses of this Section 4(c) below shall have occurred and the Executive provides the Company
with written notice thereof within 30 days after the Executive has knowledge of the occurrence or existence of such event or circumstance, which notice shall specifically identify the event or circumstance that the Executive believes constitutes
Good Reason, (y) the Company fails to correct the circumstance or event so identified within 30 days after the receipt of such notice, and (z) the Executive resigns within 60 days after the date of delivery of the notice referred to in
clause (x) above by providing a Notice of Termination to the Company. For purposes of this Agreement, “Good Reason” shall mean, in the absence of the Executive’s written consent or in consequence of a prior termination or
a Notice of Termination of the Executive’s employment, the occurrence of any of the following: 
 (i) a reduction by the
Company in the Executive’s Annual Base Salary or a reduction in the Executive’s Target Bonus as a percentage of the Executive’s Annual Base Salary; or 
 (ii) a material reduction in the aggregate level of employee benefits made available to the Executive when compared to the benefits made
available to the Executive at any time during the Employment Period, unless such reduction is applicable to senior officers of the Company generally, taking into account the Executive’s position; or 
 (iii) the removal of the Executive from any one of his positions as Chief Executive Officer, director and Chairman of the Board (if
applicable) or director and Chairman of the Parent Board (other than pursuant to a termination of the Executive’s employment for death, Disability or Cause); or 
  

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 (iv) a material diminution in the Executive’s duties or responsibilities (other than
as a result of the Executive’s physical or mental incapacity which impairs his ability to materially perform his duties or responsibilities as confirmed by a doctor reasonably acceptable to the Executive or his representative and such
diminution lasts only for so long as such doctor determines such incapacity impairs the Executive’s ability to materially perform his duties or responsibilities) as Chief Executive Officer of the Company; or 
 (v) a material change in the Executive’s reporting relationship that is inconsistent with the terms of the first sentence of
Section 3(a)(i); or 
 (vi) the Company requiring the Executive’s principal location of employment to be at any
office or location more than 35 miles from the Company’s office in San Jose, California (other than to the extent agreed to or requested by the Executive) on the Effective Date or 
 (vii) a material failure of the Company to comply with the terms of this Agreement. 
 (d) Voluntary Termination. The Executive may voluntarily terminate his employment without Good Reason and such termination shall not be deemed to
be a breach of this Agreement. 
 (e) Notice of Termination. Any termination by the Company for Cause, without Cause or for
Disability, or by the Executive for Good Reason or without Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 12(b) of this Agreement. For purposes of this Agreement, a
“Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, where applicable, (ii) to the extent applicable, sets forth in reasonable detail the
facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (iii) sets forth the applicable Date of Termination as provided below. The failure by the Executive or
the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the
Company, respectively, from asserting such fact or circumstance in enforcing the Executive’s or the Company’s rights hereunder. 
 (f) Date of Termination. “Date of Termination” means (i) if the Executive’s employment is terminated by the Company for Cause or by the Executive for Good Reason, the date of receipt of the Notice of
Termination or any later date specified therein within 30 days of such notice, as the case may be, (ii) if the Executive’s employment is terminated by the Company other than for Cause or if the Executive voluntarily resigns without Good
Reason, the 90th day after the Notice of Termination is given, (iii) if the Executive’s employment is terminated by reason of death, the date of death of the Executive, or (iv) if the Executive’s employment is terminated by the
Company due to Disability, the Disability Effective Date. 
  

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 (g) Resignation from All Positions. Notwithstanding any other provision of this Agreement, upon
the termination of the Executive’s employment for any reason, unless otherwise requested by the Parent Board, the Executive shall immediately resign as of the Date of Termination from all positions that he holds or has ever held with the
Company and any other member of the Affiliated Group (and with any other entities with respect to which the Executive performs services), including, without limitation, the Board, the Parent Board and all boards of directors of any member of the
Affiliated Group. The Executive hereby agrees to execute any and all documentation to effectuate such resignations upon request by the Company, but he shall be treated for all purposes as having so resigned upon termination of his employment,
regardless of when or whether he executes any such documentation. 
 5. Obligations of the Company upon Termination. (a) Good
Reason; Other Than for Cause. Subject to Section 6, if, during the Employment Period, (1) the Company shall terminate the Executive’s employment other than for Cause, death or Disability or (2) the Executive shall terminate
employment for Good Reason: 
 (i) the Company shall pay to the Executive in a lump sum in cash within 30 days (except as
specifically provided in Section 5(a)(i)(A)(3)) after the Date of Termination, the aggregate of the following amounts: 
 A. the sum of (1) the Executive’s accrued but unpaid Annual Base Salary and any accrued but unused vacation pay through the Date of Termination, (2) the Executive’s business expenses that are reimbursable pursuant to
Section 3(b)(vii) but have not been reimbursed by the Company as of the Date of Termination, (3) the Executive’s Annual Bonus for the calendar year immediately preceding the calendar year in which the Date of Termination occurs if
such bonus has been determined or earned but not paid as of the Date of Termination (at the time such Annual Bonus would otherwise have been paid), and (4) the product of the Executive’s Target Bonus for the calendar year in which the Date
of Termination occurs multiplied by a fraction, the numerator of which is the number of days in such year through the Date of Termination and the denominator of which is 365 (collectively, the “Obligations”); and 
 B. the amount equal to the product of (x) two and (y) the sum of (I) the Executive’s Annual Base Salary and (II) the
Target Bonus; and 
 (ii) for two years after the Executive’s Date of Termination, the Company shall continue medical and
life insurance benefits to the Executive (and, if applicable, to any dependents of the Executive who received such benefits under his coverage prior to the Date of Termination) at least equal to those that would have been provided to the Executive
(and to any such dependent) in accordance with the plans, programs, practices and policies of the Company if the Executive’s employment had not been terminated; provided, that the Executive continues to make all required contributions.
Beginning on the date following the date which is two years after the Executive’s Date of Termination, the Company shall provide the Executive and his 

  

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spouse such retiree coverage as is then provided to other senior executives of the Company. If no such coverage is then provided, the Company shall provide
the Executive and his spouse medical coverage comparable in scope and cost with that provided to active employees, which coverage shall cease upon the earlier of the date upon which the Executive becomes eligible for Medicare or becomes eligible for
coverage under another employer’s medical plan; and 
 (iii) Equity Awards shall become vested for an additional number
of shares equal to the number of shares subject to the Equity Award(s) (if any) that would have vested on the next anniversary of the Date of Grant if the Executive had remained employed until such date (the “Subsequent Tranche”),
multiplied by a fraction, the numerator of which equals the number of days elapsed from the vesting date immediately preceding termination of the Executive’s employment through the Executive’s Date of Termination and the denominator of
which equals 365, plus the Subsequent Tranche; subject in all circumstances to the maximum of the total number of shares subject to the Equity Award(s) as of the Date Termination; and 
 (iv) to the extent not theretofore paid or provided, the Company shall timely pay or provide to the Executive any other amounts or
benefits required to be paid or provided or which the Executive is eligible to receive under any plan, program, policy or practice or contract or agreement (other than any severance plan, program, policy or practice or contract or agreement) of the
Company and its affiliates (such amounts and benefits, the “Other Benefits”) in accordance with the terms and normal procedures of each such plan, program, policy or practice, based on accrued benefits through the Date of
Termination. 
 Except with respect to payments and benefits under Sections 5(a)(i)(A)(l), 5(a)(i)(A)(2) and 5(a)(iii), all payments and benefits to be
provided under this Section 5(a) shall be subject to the Executive’s execution and non-revocation of a release in the form attached hereto as Exhibit A, with such revisions as may be mutually agreed to by the Executive and the
parties thereto. 
 (b) Cause; Other than for Good Reason. If the Executive’s employment shall be terminated for Cause or if the
Executive terminates his employment without Good Reason during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay or provide to the Executive an amount equal to the
amount set forth in clauses (1), (2), and (except in the event of a termination by the Company for Cause) (3) of Section 5(a)(i)(A) above, and the timely payment or provision of the Other Benefits. 
 (c) Death. If the Executive’s employment is terminated by reason of the Executive’s death during the Employment Period, this Agreement
shall terminate without further obligations to the Executive’s legal representatives under this Agreement, other than the obligation to pay or provide to the Executive’s beneficiaries the Obligations and the timely payment or provision of
the Other Benefits. 
  

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 (d) Disability. If the Executive’s employment is terminated by reason of the Executive’s
Disability during the Employment Period, this Agreement shall terminate without further obligations to the Executive, other than the obligation to pay or provide to the Executive the Obligations and the timely payment or provision of the Other
Benefits, including any applicable disability benefits. 
 6. Change in Control Benefits. If at any time following a Change in Control
(as defined below) the Executive’s employment is terminated other than for Cause, death or Disability or he resigns for Good Reason, the Executive is entitled to receive the following benefits payable in a lump sum within ten days following the
Date of Termination: 
 (a) The Obligations; 
 (b) three times the greater of (i) the Executive’s highest Annual Base Salary during the three years prior to the Change in Control and (ii) the Executive’s Annual Base Salary on the Date of
Termination; 
 (c) the amount equal to three times the highest Annual Bonus, including any bonus or portion thereof that has been deferred
(and annualized for any fiscal year consisting of less than 12 months or during which the Executive was employed for less than 12 months), that the Executive received during the five calendar years prior to the Date of Termination; and 

(d) health, medical, life and long-term disability benefits for three years comparable to the Executive’s benefits immediately prior to the
Change in Control, or if the Executive is unable to continue to participate in the Company’s health, medical, life and long-term disability plans, the Company will provided the Executive comparable benefits on an after-tax basis. For purposes
of eligibility for retiree medical benefits pursuant to such plans, the Executive will be considered to have remained employed until the earlier of three years after the Date of Termination or the last day any Company employee may become eligible
for such retiree medical benefits and to have retired on the last day of such period. The benefits will be no less favorable than as in effect immediately prior to the Change in Control. The Executive shall be eligible for COBRA benefits at the end
of the three-year period. Beginning on the date following the date that the Executive is no longer eligible for coverage under COBRA, the Company shall provide the Executive and his spouse such retiree coverage as is then provided to other senior
executives of the Company. If no such coverage is then provided, the Company shall provide the Executive and his spouse medical coverage comparable in scope and cost with that provided to active employees, which coverage shall cease upon the earlier
of the date upon which the Executive becomes eligible for Medicare or becomes eligible for coverage under another employer’s medical plan. 
 Notwithstanding the foregoing, if the Company amends its current Senior Officer Change in Control Severance Plan or adopts a Change in Control severance plan for senior officers generally with more generous benefits than the benefits
outlined above, the Executive will be entitled to those more generous benefits to the extent applicable in lieu of benefits provided hereunder. 
  

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 If the Executive is terminated by the Company (other than for Cause) within the nine-month period prior
to a Change in Control, but subsequent to such time as negotiations or discussions which ultimately lead to a Change in Control have commenced, then the Executive shall be entitled to receive the benefits listed in Sections 6(a) through
(f) above. 
 If the Executive becomes entitled to payments under this Section 6, he will not be entitled to any payments or
benefits under Section 5. 
 7. Definition of Change in Control. The term “Change in Control” as used in this
Agreement shall have the same meaning given to such term under the Freescale Holdings L.P. 2006 Interest Plan. 
 8. Change in
Control. 
 (a) In the event that any payment or distribution by the Affiliated Group to or for the benefit of the Executive, whether paid
or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a “Payment”) is made to the Executive, at a time when the common stock of the Company or any of its affiliates is not readily tradeable
on an established securities market or otherwise, within the meaning of Section 280G(b)(5)(A)(ii) of the Code, and it shall be determined that the Payment, would constitute an “excess parachute payment” within the meaning of
Section 280G of the Code, the parties shall use their best efforts to satisfy the “shareholder approval requirements” of Section 280G(b)(5) of the Code in a manner designed to preserve the full economic benefit to the
Executive of any Payments or other benefits otherwise due to the Executive. 
 (b) In the event that any Payment is made to the Executive,
other than at a time when the common stock of the Company or any of its affiliates is not readily tradeable on an established securities market or otherwise, within the meaning of Section 280G(b)(5)(A)(ii) of the Code, and it shall be
determined that the Payment, would constitute an “excess parachute payment” within the meaning of Section 280G of the Code, the Company shall pay the Executive an additional amount of cash (the “Gross-Up
Payment”) such that the net amount retained by the Executive after deduction of any Excise Tax (as defined below), and any federal, state and local income tax, employment tax and Excise Tax imposed upon the Gross-Up Payment, shall be equal
to the Payment. The term “Excise Tax” means the excise tax imposed under Section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax. For purposes of determining the amount of the
Gross-Up Payment, unless the Executive specifies that other rates apply, the Executive shall be deemed to pay federal income tax and employment taxes at the highest marginal rate of federal income and employment taxation in the calendar year in
which the Gross-Up Payment is to be made and state and local income taxes at the highest marginal rate of taxation in the state and locality of the Executive’s residence on the Executive’s Date of Termination, net of the maximum reduction
in federal income taxes that may be obtained from the deduction of such state and local taxes. 
 (c) All determinations to be made under
this Section 8 shall be made by the Company’s independent public accounting firm immediately prior to the transaction subject to 

  

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Section 280G of the Code or another independent public accounting firm selected by the Company prior to such date (the “Accounting
Firm”). The Accounting Firm shall provide its determinations and any supporting calculations both to the Company and the Executive within 20 days after the transaction subject to Section 280G of the Code. Any such determination by the
Accounting Firm shall be binding upon the Company and the Executive. 
 (d) The Executive shall notify the Company in writing of any claim by
the Internal Revenue Service that, if successful, would require the payment by the Company of a Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten business days after the Executive knows of such claim and
shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which the Executive gives such
notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If the Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such
claim, the Executive shall: 
 (i) give the Company any information reasonably requested by the Company relating to such
claim, 
 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing
from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, 
 (iii) cooperate with the Company in good faith in order to contest such claim effectively, and 
 (iv) permit the Company to participate in any proceedings relating to such claim; 
 provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such
contest and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax, income tax or employment tax, including interest and penalties, with respect thereto, imposed as a result of such representation and payment of
costs and expenses. Without limitation on the foregoing provisions of this Section 8, the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forego any and all administrative
appeals, proceedings, hearing and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Executive to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and
the Executive agrees to prosecute such contest to a termination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine. If the Company directs the Executive to pay
such claim and sue for a refund, the Company shall advance the amount of such payment to the Executive on an interest-free basis and shall indemnify and hold the Executive harmless, on 

  

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an after-tax basis, from any Excise Tax, income tax or employment tax, including interest or penalties with respect thereto, imposed with respect to such
advance or with respect to any imputed income with respect to such advance. Any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with respect to which such contested amount is claimed to be
due shall be limited solely to such contested amount. The Company’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder, and the Executive shall be entitled to settle or contest,
as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 
 (e) If, after the receipt by the
Executive of an amount advanced by the Company pursuant to this Section, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of
subsection (c)) promptly pay to the Company the amount of such refund, together with any interest paid or credited thereon after taxes applicable thereto. If, after the receipt by the Executive of an amount advanced by the Company pursuant to
this Section 8, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the
expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.

 (f) All of the fees and expenses of the Accounting Firm in performing the determinations referred to in subsections (b), (c) and
(d) above shall be borne solely by the Company. The Company agrees to indemnify and hold harmless the Accounting Firm from any and all claims, damages and expenses resulting from or relating to its determinations pursuant to subsections (b),
(c) and (d) above, except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm. 
 (g) The Company shall pay the Gross-Up Payment as and when the related Excise Tax is incurred. The Gross-Up Payment shall be paid in accordance with section 409A of the Code, to the extent applicable. If required in
order to comply with section 409A of the Code, (i) the Gross-Up Payment attributable to payments other than severance compensation and benefits described in Section 5 or 6 shall be paid in a lump sum payment upon the closing of the
transaction subject to Section 280G of the Code and (ii) the Gross-Up Payment attributable to severance compensation and benefits shall be paid in a lump sum payment on the first day on which severance compensation is paid pursuant to
Section 5 or 6. If the amount of a Gross-Up Payment cannot be fully determined by the date on which the applicable portion of the Payment becomes subject to the Excise Tax (“Payment Date”), the Company shall pay to the
Executive by the Payment Date an estimate of such Gross-Up Payment, as determined by the Accounting Firm, and the Company shall pay to the Executive the remainder of such Gross-Up Payment (if any) as soon as the amount can be determined, but in no
event later than 20 days after the payment date. 
  

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 9. Full Settlement. In no event shall the Executive be obligated to seek other employment or take
any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced as a result of a mitigation duty whether or not the Executive obtains other employment.
To the extent permitted by applicable law, the Company shall pay directly to the Executive all reasonable legal fees and expenses reasonably incurred by the Executive in connection with the negotiation and preparation of this Agreement, and the
Company shall reimburse the Executive for all legal costs and expenses reasonably incurred (and documented in invoices) in connection with any dispute under this Agreement, so long as the Executive substantially prevails in such dispute. In
addition, the Company shall indemnify and hold the Executive harmless, on an after-tax basis, for any income tax, and all other applicable taxes imposed as a result of the Company’s payment of any legal fees contemplated herein in connection
with the preparation and negotiation of this Agreement. 
 10. Covenants. 
 (a) Confidential Information. The Executive shall hold in a fiduciary capacity for the benefit of the Affiliated Group, all secret or confidential
information, knowledge or data relating to the Affiliated Group and its businesses (including, without limitation, any proprietary and not publicly available information concerning any processes, methods, trade secrets, research or secret data,
costs, names of users or purchasers of their respective products or services, business methods, operating procedures or programs or methods of promotion and sale) that the Executive obtains during the Executive’s employment by the Affiliated
Group that is not public knowledge (other than as a result of the Executive’s violation of this Section 10(a)) (“Confidential Information”). The Executive shall not communicate, divulge or disseminate Confidential
Information at any time during or after the Executive’s employment with the Affiliated Group, except with the prior written consent of the Company, or as otherwise required by law or legal process or as such disclosure or use may be required in
the course of the Executive performing his duties and responsibilities as the Chief Executive Officer, a director, and Chairman of the Board and Chairman of the Board of Directors of the Parent. Notwithstanding the foregoing provisions, if the
Executive is required to disclose any such confidential or proprietary information pursuant to applicable law or a subpoena or court order, the Executive shall promptly notify the Company in writing of any such requirement so that the Company or the
appropriate member of the Affiliated Group may seek an appropriate protective order or other appropriate remedy or waive compliance with the provisions hereof. The Executive shall reasonably cooperate with the Company or the appropriate member of
the Affiliated Group to obtain such a protective order or other remedy. If such order or other remedy is not obtained prior to the time the Executive is required to make the disclosure, or the Company waives compliance with the provisions hereof,
the Executive shall disclose only that portion of the confidential or proprietary information which he is advised by counsel in writing (either his or the Company’s) that he is legally required to so disclose. Upon his termination of employment
with the Affiliated Group for any reason, the Executive shall promptly return to the Company all records, files, memoranda, correspondence, notebooks, notes, reports, customer lists, drawings, plans, documents, and other documents and the like
relating to the business of the Affiliated Group or containing any trade secrets relating to the Affiliated Group or that the Executive uses, prepares or comes into contact with during the course of the Executive’s 

  

 13 

 
employment with the Affiliated Group, and all keys, credit cards and passes, and such materials shall remain the sole property of the Company and/or the
Affiliated Group, as applicable. The Executive agrees to execute any standard-form confidentiality agreements with the Company that the Company in the future generally enters into with its senior officers. 
 (b) Work Product and Inventions. The Affiliated Group and/or its nominees or assigns shall own all right, title and interest in and to any and all
inventions, ideas, trade secrets, technology, devices, discoveries, improvements, processes, developments, designs, know how, show-how, data, computer programs, algorithms, formulae, works of authorship, works modifications, trademarks, trade names,
documentation, techniques, designs, methods, trade secrets, technical specifications, technical data, concepts, expressions, patents, patent rights, copyrights, moral rights, and all other intellectual property rights or other developments
whatsoever (collectively, “Developments”), whether or not patentable, reduced to practice or registrable under patent, copyright, trademark or other intellectual property law anywhere in the world, made, authored, discovered,
reduced to practice, conceived, created, developed or otherwise obtained by the Executive (alone or jointly with others) during the Executive’s employment with the Affiliated Group, and arising from or relating to such employment or the
business of the Affiliated Group (whether during business hours or otherwise, and whether on the premises of using the facilities or materials of the Affiliated Group or otherwise). The Executive shall promptly and fully disclose to the Affiliated
Group and to no one else all Developments, and hereby assigns to the Affiliated Group without further compensation all right, title and interest the Executive has or may have in any Developments, and all patents, copyrights, or other intellectual
property rights relating thereto, and agrees that the Executive has not acquired and shall not acquire any rights during the course of his employment with the Affiliated Group or thereafter with respect to any Developments. 
 (c) Nonsolicitation of Affiliated Group Employees. The Executive shall not, at any time during the Nonsolicitation Restricted Period (as defined
in this Section 10(c)), other than in the ordinary exercise of his duties while serving as Chief Executive Officer, without the prior written consent of the Affiliated Group, directly or indirectly, solicit, recruit, or employ (whether as an
employee, officer, agent, consultant or independent contractor) any person who is or was at any time during the previous 12 months, an employee, representative, officer or director of any member of the Affiliated Group. Further, during the
Nonsolicitation Restricted Period, the Executive shall not take any action that could reasonably be expected to have the effect of directly encouraging or inducing any person to cease their relationship with any member of the Affiliated Group for
any reason. This Section 10(c) shall not apply to (i) recruitment of employees for the Affiliated Group, or (ii) the Executive’s personal administrative staff who perform secretarial-type functions. Additionally, a general
employment advertisement by an entity of which the Executive is a part will not constitute solicitation or recruitment. The “Nonsolicitation Restricted Period” shall mean the period from the Effective Date through the second
anniversary of the Executive’s termination of employment with the Affiliated Group. 
 (d) Noncompetition — Solicitation of
Business. During the Noncompetition Restricted Period (as defined in this Section 10(d)), the Executive shall not, either directly or indirectly, compete with the business of the Affiliated Group by (i) becoming an officer, agent,
employee, partner or director of any other corporation, partnership or other entity, or otherwise 

  

 14 

 
render services to or assist or hold an interest (except as a less than 3-percent shareholder of a publicly traded corporation or as a less than 5-percent
shareholder of a corporation that is not publicly traded) in any Competitive Business (as defined below), or (ii) soliciting, servicing, or accepting the business of (A) any active customer of any member of the Affiliated Group, or
(B) any person or entity who is or was at any time during the previous twelve months a customer of any member of the Affiliated Group, provided that such business is competitive with any significant business of any member of the Affiliated
Group. “Competitive Business” shall mean any person or entity (including any joint venture, partnership, firm, corporation, or limited liability company) that conducts a business that is competitive with any significant business of
the Affiliated Group as of the date of termination (or any significant business that is being actively pursued as of the date of termination by the Affiliated Group). The “Noncompetition Restricted Period” shall mean the period from
the Effective Date through the second anniversary of the date of termination of the Executive’s employment. 
 (e) Assistance.
The Executive agrees that during and after his employment by the Affiliated Group, upon request by the Company, the Executive will assist the Affiliated Group in the defense of any claims, or potential claims that may be made or threatened to be
made against any member of the Affiliated Group in any action, suit or proceeding, whether civil, criminal, administrative, investigative or otherwise (a “Proceeding”), and will assist the Affiliated Group in the prosecution of any
claims that may be made by any member of the Affiliated Group in any Proceeding, to the extent that such claims may relate to the Executive’s employment or the period of the Executive’s employment by the Affiliated Group. The Executive
agrees, unless precluded by law, to promptly inform the Company if the Executive is asked to participate (or otherwise become involved) in any Proceeding involving such claims or potential claims. The Executive also agrees, unless precluded by law,
to promptly inform the Company if the Executive is asked to assist in any investigation (whether governmental or otherwise) of any member of the Affiliated Group (or their actions), regardless of whether a lawsuit has then been filed against any
member of the Affiliated Group with respect to such investigation. The Company agrees to reimburse the Executive for all of the Executive’s reasonable out-of-pocket expenses associated with such assistance, including travel expenses and any
attorneys’ fees and shall pay a reasonable per diem fee for the Executive’s service. In addition, the Executive agrees to provide such services as are reasonably requested by the Company to assist any successor to the Executive in the
transition of duties and responsibilities to such successor. Any services or assistance contemplated in this Section 10(e) shall be at mutually agreed to and convenient times. 
 (f) Remedies. If the provisions of this Section 10 should ever be adjudicated to exceed any maximum time, geographic, service or other
limitations permitted by applicable law in any jurisdiction, then such provisions shall be deemed reformed in such jurisdiction to the maximum limitations permitted by applicable law. The Executive acknowledges that the provisions of this
Section 10 are, in view of the nature of the business of Company and members of the Affiliated Group, reasonable and necessary to protect the legitimate interests of the Company and members of the Affiliated Group and that any violation of this
Section 10 may result in irreparable injury to the Company or members of the Affiliated Group entitling the Company or members of the Affiliated Group to temporary or permanent injunctive relief, without the necessity of proving actual damages,
which rights shall be cumulative with and in addition to any other rights or remedies to which the Company or any member of the Affiliated Group may be entitled hereunder or at law or in equity. 
  

 15 

 11. Successors. This Agreement is binding on and may be enforced by the Company and its successors
and assigns and is binding on and may be enforced by the Executive and the Executive’s heirs and legal representatives. The Company shall cause any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all
or substantially all or a substantial portion of its business and/or assets to assume expressly and agree to perform this Agreement immediately upon such succession in the same manner and to the same extent that the Company would be required to
perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as defined above and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this
Agreement by operation of law, or otherwise. 
 12. Miscellaneous. (a) This Agreement will be governed by the laws of the State
of New York; provided, however, that if there is a judicial determination that the laws of the State of New York shall not be applicable, the parties agree that this Agreement will be governed by the laws of the State of Texas. All actions arising
out of or relating to this Agreement shall be heard and determined exclusively in any New York state or federal court sitting the Borough of Manhattan in The City of New York. The parties hereto hereby (i) submit to the exclusive jurisdiction
of any state or federal court sitting in the Borough of Manhattan in The City of New York for the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably waive, and agree not to
assert by way of motion, defense, or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the action is
brought in an inconvenient forum, that the venue of the action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or by any of the above-named courts. 
 (b) Notices under this Agreement must be in writing and will be deemed to have been given (i) when personally delivered or (ii) three business
days after mailed by U.S. registered or certified mail, return receipt requested and postage prepaid, and will be addressed as follows: 
 If to the Executive: 
 At the most recent address on file for the Executive at the Company. 
 With a copy to: 
 Heller Ehrman LLP

 275 Middlefield Road 
 Menlo
Park, CA 94025 
 Attn: Richard Grimm, Esq. 
  

 16 

 If to the Company: 
 Freescale Semiconductor, Inc. 
 6501 William Cannon Drive West 
 Austin, TX 78735 
 Attention: General Counsel

 With a copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 4 Times Square 
 New York, NY 10036 
 Attn: Regina Olshan, Esq.

 or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee. 
 (c) The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement. 
 (d) The Company may withhold from any amounts payable under this
Agreement such federal, state or local income taxes to the extent the same required to be withheld pursuant to any applicable law or regulation. 
 (e) Subject to the provisions of Section 4(c), the Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may
have hereunder, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 
 (f) From
and after the Effective Date, this Agreement shall supersede any other employment agreement or understanding between the parties with respect to the subject matter hereof except as otherwise specifically set forth in this Agreement. 
 (g) The Company may not issue a press release or otherwise publicly disclose the Executive’s employment or potential employment with the Company
without Executive’s consent as to the content and timing of such disclosure, which approval shall not be unreasonably withheld. 
 (h)
The Company represents that it is has duly authorized the execution and delivery of this Agreement on behalf of the Company. 
 (i)
Notwithstanding anything contained herein to the contrary, to the extent required by Section 409A of the Internal Revenue Code of 1986 (as amended) (the “Code”), 

  

 17 

 
amounts that would otherwise be payable under this Agreement during the six-month period immediately following the Executive’s termination, shall
instead be paid on the first business day after the expiration of such six-month period, plus interest thereon, at a rate equal to the applicable Federal short-term rate (as defined in Section 1274(d) of the Code) for the month in which such
date of termination occurs from the respective dates on which such amounts would otherwise have been paid until the actual date of payment. In no event will any severance payments be made hereunder, unless the relevant termination of employment
constitutes “separation from service” under Section 409A. 
 13. Director’s and Officer’s Insurance;
Indemnification. 
 (a) The Company shall indemnify the Executive, to the fullest extent permitted by applicable law, against all costs,
charges and expenses incurred or sustained by the Executive, including the cost and expenses of legal counsel, in connection with any action, suit or proceeding to which the Executive may be made a party (i) by reason of the Executive being or
having been an officer, director, or employee of the Company or any of its subsidiaries or affiliates or (ii) by reason of Executive being or having been the Management Representative under the Investors Agreement. 
 (b) The Executive shall be covered during the entire term of this Agreement and thereafter for at least six (6) years by officer and director
liability insurance in amounts and on terms similar to that afforded to other executives and/or directors of the Company or its affiliates, which such insurance shall be paid by the Company. 
 14. Section 409A. If it is determined that any amount due the Executive under the terms of this Agreement has been structured in a manner
that would result in adverse tax treatment under section 409A of the Code, the parties agree to cooperate in taking all reasonable measures to restructure the arrangement to minimize or avoid such adverse tax treatment without materially impairing
Executive’s economic rights. 
  

 18 

 IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to the
authorization from their respective Boards of Directors, each of the Company and GP has caused these presents to be executed in its name and on its behalf, all as of the day and year first above written. 
  

			
	RICHARD M. BEYER
	
	 /s/ Richard M. Beyer

	
	FREESCALE SEMICONDUCTOR, INC.
		
	By:	 	 /s/ Paul C. Schorr IV

	Title:	 	Authorized Signatory
	
	FREESCALE HOLDINGS GP, LTD.
		
	By:	 	 /s/ Paul C. Schorr IV

	Title:	 	Director

 Annex A 
 FORM OF FREESCALE HOLDINGS L.P. AWARD AGREEMENT 
 FREESCALE HOLDINGS L.P. 
 AWARD AGREEMENT 
 THIS MANAGEMENT
EQUITY AWARD AGREEMENT (“Agreement”) is made as of February     , 2008 (the “Date of Grant”) by and between Freescale Holdings L.P., a Cayman Islands limited partnership (the “Partnership”)
and Richard Beyer (the “Executive”). 
 R E C I T A L S: 
 WHEREAS, in connection with the Executive’s Employment by the Company, the Partnership intends concurrently herewith to (i) allow the Executive
to become a party to the LP Agreement and (ii) award to the Executive all of the Class B Interests – 2008 Series (the “Award”). Upon vesting in accordance with this Agreement, Unvested Interests shall automatically convert to
Vested Interests for purposes of the LP Agreement and the Investors Agreement. 
 NOW, THEREFORE, in consideration of the foregoing premises
and the mutual promises set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement, intending to be legally bound, agree as follows:

 1. Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in
Exhibit A. 
 2. Award of Interests. 
 (a) Subject to the terms and conditions hereof and subject to the execution by the Executive of the LP Agreement and the Investors Agreement, the Partnership hereby allows the Executive to become a party to the LP
Agreement as a Limited Partner having all of the Class B Interests – 2008 Series which will provide the Executive an interest in the Partnership entitling the Executive to distributions equal to 1.2472% of all distributions in excess of the
Partnership 2008 Book Value (as defined in the LP Agreement) made by the Partnership and awards such Interests to the Executive, and the Executive accepts such Interests from the Partnership. No other Class B Interests – 2008 Series shall be
granted to any person other than the Executive. 
 (b) In connection with the grant of the Class B Interests – 2008 Series hereunder,
Executive represents and warrants to the Company as of the date hereof that: 
 (i) the Class B Interests – 2008 Series
to be acquired by Executive pursuant to this Agreement will be acquired for Executive’s own account and not with a view to, or intention of, distribution thereof in violation of the Securities Act , or any applicable state securities laws, and
the Class B Interests – 2008 Series will not be disposed of in contravention of the Securities Act or any applicable state securities laws; 
  

 Annex A - 1 

 (ii) Executive is an executive officer of the Company, is sophisticated in financial
matters and is able to evaluate the risks and benefits of the investment in the Class B Interests – 2008 Series; 
 (iii)
Executive is an “accredited investor” within the meaning of Rule 501 of Regulation D of the Securities and Exchange Commission; 
 (iv) Executive is able to bear the economic risk of Executive’s investment in the Class B Interests – 2008 Series for an indefinite period of time because the Class B Interests – 2008 Series have not
been registered under the Securities Act or applicable state securities laws and are subject to substantial restrictions on transfer set forth herein, and, therefore, cannot be sold unless subsequently registered under the Securities Act and
applicable state securities laws, or an exemption from such registration is available, and in compliance with such restrictions on transfer; 
 (v) Executive has had an opportunity to ask questions and receive answers concerning the terms and conditions of the offering of Class B Interests – 2008 Series and has had full access to such other information
concerning the Company as he has requested; 
 (vi) this Agreement constitutes the legal, valid and binding obligation of
Executive, enforceable in accordance with its terms. 
 3. Vesting Schedule. 
 (a) General. Subject to the Executive’s continued Employment or as otherwise provided in Section 4 below, the Award shall vest with
respect to twenty-five percent (25%) of the Interests initially covered by the Award on each of the first, second, third and fourth anniversaries of the Effective Date. 
 (b) Change of Control. Notwithstanding any other provisions of this Agreement to the contrary, in the event of a Change of Control, all Unvested
Interests shall become Vested Interests. 
  

 Annex A - 2 

 4. Termination of Employment. 
 (a) General. If the Executive’s Employment is terminated for any reason, any Unvested Interests shall (after giving effect to the provisions
of Section 3(b) and this Section 4) terminate upon such termination of Employment. 
 (b) For Cause. The Award (including
any Vested Interests and Unvested Interests) shall terminate upon the Executive’s termination of Employment for Cause. 
 (c)
Without Cause or for Good Reason. Upon the Executive’s termination of Employment by the Company without Cause or by the Executive for Good Reason, a number of Interests equal to the number of Interests subject to the Award (if any) that
would have become Vested Interests on the next anniversary of the Effective Date if the Executive had remained employed until such date (the “Subsequent Tranche”), multiplied by a fraction, the numerator of which equals the number of days
elapsed from the vesting date immediately preceding termination of the Executive’s Employment through the Executive’s termination of Employment and the denominator of which equals 365, shall become Vested Interests, plus the Subsequent
Tranche; subject in all circumstances to the maximum of the total number of Interests subject to the Award as of the date of such termination of Employment. Any Interests that remain Unvested Interests after giving effect to the above provisions of
this Section 4(c) shall terminate immediately effective as of the termination of the Executive’s Employment. 
 (d) Death.
Upon the Executive’s termination of Employment due to death, a number of Interests equal to the Subsequent Tranche multiplied by a fraction, the numerator of which equals the number of days elapsed from the vesting date immediately preceding
termination of the Executive’s Employment through the Executive’s termination of Employment and the denominator of which equals 365, shall become Vested Interests, plus, a number of Class B Interests – 2008 Series equal to two
Subsequent Tranches shall become Vested Interests; subject in all circumstances to the maximum of the total number of Interests subject to the Award as of the date of such termination of Employment. Any Interests that remain Unvested Interests after
giving effect to the above provisions of this Section 4(d) shall terminate immediately effective as of the termination of the Executive’s Employment. 
 (e) Disability. Upon the Executive’s termination of Employment due to Disability, all Interests subject the Award shall become Vested Interests. 
 (f) Retirement. Upon the Executive’s termination of Employment due to Retirement, and solely to the extent so determined by the Board, a
number of Interests equal to the Subsequent Tranche multiplied by a fraction, the numerator of which equals the number of days elapsed from the vesting date immediately preceding termination of the Executive’s Employment through the
Executive’s termination of Employment and the denominator of which equals 365, shall become Vested Interests; subject in all circumstances to the maximum of the total number of Interests subject to the Award as of the date of such termination
of Employment. Any Interests that remain Unvested Interests after giving effect to the above provisions of this Section 4(f) shall terminate immediately effective as of the termination of the Executive’s Employment. 
  

 Annex A - 3 

 (g) By the Executive other than due to Disability or Good Reason. Upon the Executive’s
termination of Employment on account of a termination initiated by the Executive other than due to Disability or Good Reason, any Interests that remain Unvested Interests shall terminate immediately effective as of the termination of the
Executive’s Employment. 
 (h) Forfeiture. Notwithstanding anything herein to the contrary, the Vested Interests shall be
subject to the forfeiture provisions set forth in Section 6.4 of the Investors Agreement. 
 5. Certain Covenants. The Executive
hereby agrees and covenants to perform all of his obligations set forth in Exhibit B hereto (which is incorporated by reference hereby) and acknowledges that the Executive’s obligations set forth in Exhibit B constitute a material inducement
for the Partnership’s grant of the Award to the Executive. 
 6. Restrictions, etc. The Executive’s rights hereunder and
with respect to Vested Interests and Unvested Interests are subject to the restrictions and other provisions contained in the Investors Agreement and the LP Agreement. 
 7. Adjustments. In the event of any change in the outstanding Interests after the Date of Grant by reason of any reorganization, recapitalization, merger, consolidation, spin off, combination or transaction or
exchange of Interests or other exchange or any transaction similar to the foregoing, the Board in its sole discretion and without liability to any person shall make such substitution or adjustment, if any, as it deems to be equitable, as to
(i) the number or kind of Interests or other securities issued pursuant to the Award and/or (ii) any other affected terms of such Award. 
 8. Certificates. All certificates, if any, evidencing Interests or other securities of the Company delivered under the Agreement shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable
under the Agreement or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such securities are then listed, and any applicable Federal or state laws, and the Committee may cause a
legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 
 9. Withholding. The
Executive may be required to pay to the Company and the Company shall have the right and is hereby authorized to withhold from any payment due or transfer made under the Award or from any compensation or other amount owing to the Executive the
amount (in cash, securities, or other property) of any applicable withholding taxes in respect of the Award or any payment or transfer under the Award and to take such other action as may be necessary in the opinion of the Company to satisfy all
obligations for the payment of such taxes. 
 10. No Right to Continued Employment. The granting of the Award evidenced hereby and
this Agreement shall impose no obligation on the Company to continue the Employment of the Executive and shall not lessen or affect the Company’s right to terminate the Employment of such Executive. 
  

 Annex A - 4 

 11. Notices. Any notice necessary under this Agreement shall be addressed to the Partnership in
care of its Secretary at the principal executive office of the Partnership and to the Executive at the address appearing in the personnel records of the Company for the Executive or to either party at such other address as either party hereto may
hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee. 
 12.
Governing Law. This Agreement and all claims arising out of or based upon this Agreement or relating to the subject matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of Delaware
without giving effect to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 
 13. Consent to Jurisdiction. All actions arising out of or relating to this Agreement shall be heard and determined exclusively in any New York state or federal court sitting in the Borough of Manhattan in The
City of New York. The parties hereto hereby (a) submit to the exclusive jurisdiction of any state or federal court sitting in the Borough of Manhattan of The City of New York for the purpose of any action arising out of or relating to this
Agreement brought by any party hereto, and (b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts,
that its property is exempt or immune of from attachment or execution, that the action is brought in an inconvenient forum, that the venue of the action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced
in or by any of the above-named courts. 
 14. WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE
WAIVED, EACH PARTY HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT
OR OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 14 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT AND
THE TRANSACTIONS CONTEMPLATED HEREBY. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 14 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 
 15. Tax Issues. THE ISSUANCE OF THE SUBJECT INTERESTS TO THE EXECUTIVE PURSUANT TO THIS AGREEMENT INVOLVES COMPLEX AND SUBSTANTIAL TAX
CONSIDERATIONS, INCLUDING, WITHOUT LIMITATION, CONSIDERATION OF THE ADVISABILITY OF THE EXECUTIVE MAKING AN ELECTION UNDER SECTION 83(B) OF THE CODE. THE EXECUTIVE 

  

 Annex A - 5 

 
ACKNOWLEDGES THAT HE HAS CONSULTED HIS OWN TAX ADVISOR WITH RESPECT TO THE TRANSACTIONS DESCRIBED IN THIS AGREEMENT. THE COMPANY MAKES NO WARRANTIES OR
REPRESENTATIONS WHATSOEVER TO THE EXECUTIVE REGARDING THE TAX CONSEQUENCES OF THE GRANT OF THE INTERESTS SUBJECT TO THIS AWARD OR THIS AGREEMENT. THE EXECUTIVE ACKNOWLEDGES AND AGREES THAT THE EXECUTIVE SHALL BE SOLELY RESPONSIBLE FOR ANY
TAXES ON THE SUBJECT INTERESTS AND SHALL HOLD THE COMPANY, ITS OFFICERS, DIRECTORS AND EMPLOYEES HARMLESS FROM ANY LIABILITY ARISING FROM ANY TAXES INCURRED BY THE EXECUTIVE IN CONNECTION WITH THE INTERESTS SUBJECT TO THE AWARD AND THIS AGREEMENT.

 16. Award Subject to Investors Agreement, LP Agreement and Registration Rights Agreement. By entering into this Agreement the
Executive agrees and acknowledges that the Executive has received a copy of the Investors Agreement and the LP Agreement. The Award is subject to the Investors Agreement and the LP Agreement, each as may be amended from time to time, and the terms
and provisions of the Investors Agreement and the LP Agreement are hereby incorporated herein by reference. 
 17. Waivers and
Amendments. The respective rights and obligations of the Partnership and the Executive under this Agreement may be waived (either generally or in a particular instance, either retroactively or prospectively, and either for a specified period of
time or indefinitely) by such respective party. This Agreement may be amended only with the written consent of a duly authorized representative of the Partnership and the Executive. 
 18. Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding
upon, the successors, assigns, heirs, executors and administrators of the parties hereto. 
 19. Section 409A. It is intended
that the terms of this Agreement comply with section 409A of the Code. If it is determined that the terms of this Agreement have been structured in a manner that would result in adverse tax treatment under Section 409A of the Code, the parties
agree to cooperate in taking all reasonable measures to restructure the arrangement to minimize or avoid such adverse tax treatment without materially impairing Executive’s economic rights. 
 20. Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other
provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 21. Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the
signatures thereto and hereto were upon the same instrument. 
  

 Annex A - 6 

 IN WITNESS WHEREOF, the Partnership and the Executive have executed this Agreement. 
  

			
	Freescale Holdings L.P.
		
	By:	 	Freescale Holdings GP Ltd.,
		 	its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

 Agreed and acknowledged as of the date first above written: 
  

	
	EXECUTIVE:
	
	  

  

 Annex A - 7 

 Exhibit A to Annex A – Definitions 
 “Affiliate” shall have the meaning assigned such term in the Investors Agreement. 
 “Board” shall mean the Board of Directors of the General Partner. 
 “Cause” shall have the
meaning assigned such term in the Investors Agreement. 
 “Change of Control” shall mean any of the following: (i) a Change of Control
within the meaning of the Investors Agreement; (ii) directly or indirectly a sale, transfer or other conveyance of all or substantially all of the assets of Freescale Semiconductor, Inc. (“Freescale”), on a consolidated basis, to any
“person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act, whether or not applicable), as an entirety or substantially as an entirety in one transaction or series of related
transactions; (iii) any “person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act, whether or not applicable), other than one or more Qualified Institutional Investors, is or
becomes the “beneficial owner” (as that term is used in Rules 13d-3 and 13d-5 under the Exchange Act, whether or not applicable), directly or indirectly, of more than 50% of the total voting power of all Voting Stock then outstanding of
Freescale, provided that for so long as (x) the Partnership and its subsidiaries own more than 50% of the total voting power of all Voting Stock of Freescale and (y) one or more Qualified Institutional Investors own more than 50% of the
total voting power of all Voting Stock of the general partner of the Partnership, such Qualified Institutional Investors will be deemed to beneficially own the Freescale Voting Stock owned by the Partnership and its subsidiaries; or (iv) during
any period of 24-consecutive months, individuals who at the beginning of such period constituted the board of directors of Freescale (together with any new directors whose election by such board of directors or whose nomination for election by the
stockholders of Freescale was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any
reason to constitute a majority of the board of directors of Freescale then in office. 
 “Class B Interest – 2008 Series” shall have
the meaning assigned such term in the LP Agreement. 
 “Committee” shall mean the Board or any person or persons designated by the Board to
administer the Agreement. 
 “Company” shall mean the Partnership and its Affiliates. 
 “Disability” shall have the meaning assigned such term in the Employment Agreement. 
  

 Annex A - 8 

 “Effective Date” shall have the meaning assigned to such term in the Employment Agreement. 

“Employment” shall mean the Executive’s employment or other service relationship (including service as a member of the Board of Directors) with
the Company. If the Executive’s relationship is with an Affiliate and that entity ceases to be an Affiliate, the Executive will be deemed to cease Employment when the entity ceases to be an Affiliate unless the Executive transfers Employment to
the Company or its remaining Affiliates. 
 “Employment Agreement” shall mean the employment agreement between the Company and the Executive
to which this Agreement is an annex. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
 “General Partner” shall mean Freescale Holdings GP Ltd, a Cayman Islands exempted company limited by shares. 
 “Good Reason” shall have the meaning assigned such term in the Investors Agreement. 
 “Interest” shall mean the “Class B Interests – 2008 Series” as defined in the LP Agreement. 
 “Investors Agreement” means the Investors Agreement by and among the Partnership, Freescale Holdings (Bermuda) I, Ltd., Freescale Holdings (Bermuda) II, Ltd., Freescale Holdings (Bermuda) III, Ltd., Freescale Holdings
(Bermuda) IV, Ltd., Freescale Acquisition Holdings Corp., Freescale Acquisition Corporation and Certain Freescale Holdings L.P. Investors and certain stockholders of Freescale Holdings (Bermuda) I, Ltd. dated as of December 1, 2006. 

“Limited Partner” shall have the meaning assigned such term in the LP Agreement. 
 “LP Agreement” shall mean the Amended and Restated Agreement of Exempted Limited Partnership of the Partnership, dated as of February 11, 2008, as amended from time to time. 
 “Qualified Institutional Investors” shall have the meaning assigned to such term in the Investors Agreement. 
 “Registration Rights Agreement” shall mean that certain Registration Rights Agreement, dated as of December 1, 2006 by and among the Company and
certain other parties. 
  

 Annex A - 9 

 “Restrictive Covenants” shall have the meaning assigned to such term in the Investors Agreement.

 “Retirement” the Executive’s voluntary termination of Employment other than for Cause after the date on which the Executive has
reached the age of 55 and has a total of at least five years combined and continuous employment with the Company. 
 “Securities Act” shall
mean the Securities Act of 1933, as amended. 
 “Unvested Interests” shall have the meaning assigned to such term in the Investors
Agreement. 
 “Vested Interests” shall have the meaning assigned to such term in the Investors Agreement. 
 “Voting Stock” shall mean all classes of capital stock or shares then outstanding and normally entitled to vote in elections of directors. 

 

 Annex A - 10 

 Exhibit B to Annex A– Restrictive Covenants 
  

	 	(b)	Confidential Information. The Executive shall hold in a fiduciary capacity for the benefit of the Company and its Affiliates (collectively, the “Affiliated
Group”), all secret or confidential information, knowledge or data relating to the Affiliated Group and its businesses (including, without limitation, any proprietary and not publicly available information concerning any processes, methods,
trade secrets, research or secret data, costs, names of users or purchasers of their respective products or services, business methods, operating procedures or programs or methods of promotion and sale) that the Executive obtains during the
Executive’s Employment that is not public knowledge (other than as a result of the Executive’s violation of this Section (a)) (“Confidential Information”). The Executive shall not communicate, divulge or disseminate
Confidential Information at any time during or after the Executive’s Employment, except with the prior written consent of the Company, or as otherwise required by law or legal process or as such disclosure or use may be required in the course
of the Executive performing his duties and responsibilities with the Affiliated Group. Notwithstanding the foregoing provisions, if the Executive is required to disclose any such confidential or proprietary information pursuant to applicable law or
a subpoena or court order, the Executive shall promptly notify the Company in writing of any such requirement so that the Company or the appropriate member of the Affiliated Group may seek an appropriate protective order or other appropriate remedy
or waive compliance with the provisions hereof. The Executive shall reasonably cooperate with the Company or the appropriate member of the Affiliated Group to obtain such a protective order or other remedy. If such order or other remedy is not
obtained prior to the time the Executive is required to make the disclosure, or the Company waives compliance with the provisions hereof, the Executive shall disclose only that portion of the confidential or proprietary information which he is
advised by counsel in writing (either his or the Company’s) that he is legally required to so disclose. Upon his termination of Employment for any reason, the Executive shall promptly return to the Company all records, files, memoranda,
correspondence, notebooks, notes, reports, customer lists, drawings, plans, documents, and other documents and the like relating to the business of the Affiliated Group or containing any trade secrets relating to the Affiliated Group or that the
Executive uses, prepares or comes into contact with during the course of the Executive’s employment with the Affiliated Group, and all keys, credit cards and passes, and such materials shall remain the sole property of the Affiliated Group. The
Executive agrees to execute any standard-form confidentiality agreements with the Company that the Company in the future generally enters into with its senior executives. 

  

	 	(c)	 Work Product and Inventions. The Affiliated Group and/or its nominees or assigns shall own all right, title and interest in and to any and all inventions,
ideas, trade secrets, technology, devices, discoveries, improvements, processes, developments, designs, know how, show-how, data, computer programs, algorithms, formulae, works of authorship, works modifications, trademarks, 

  

 Annex A - 11 

	 	 
trade names, documentation, techniques, designs, methods, trade secrets, technical specifications, technical data, concepts, expressions, patents, patent
rights, copyrights, moral rights, and all other intellectual property rights or other developments whatsoever (collectively, “Developments”), whether or not patentable, reduced to practice or registrable under patent, copyright,
trademark or other intellectual property law anywhere in the world, made, authored, discovered, reduced to practice, conceived, created, developed or otherwise obtained by the Executive (alone or jointly with others) during the Executive’s
Employment with the Affiliated Group, and arising from or relating to such employment or the business of the Affiliated Group (whether during business hours or otherwise, and whether on the premises of using the facilities or materials of the
Affiliated Group or otherwise). The Executive shall promptly and fully disclose to the Affiliated Group and to no one else all Developments, and hereby assigns to the Affiliated Group without further compensation all right, title and interest the
Executive has or may have in any Developments, and all patents, copyrights, or other intellectual property rights relating thereto, and agrees that the Executive has not acquired and shall not acquire any rights during the course of his employment
with the Affiliated Group or thereafter with respect to any Developments. 

  

	 	(d)	Non-Recruitment of Affiliated Group Employees. The Executive shall not, at any time during the Nonsolicitation Restricted Period (as defined below), other than in the
ordinary exercise of his duties, without the prior written consent of the Affiliated Group, directly or indirectly, solicit, recruit, or employ (whether as an employee, officer, agent, consultant or independent contractor) any person who is or was
at any time during the previous 12 months, an employee, representative, officer or director of any member of the Affiliated Group. Further, during the Nonsolicitation Restricted Period, the Executive shall not take any action that could reasonably
be expected to have the effect of directly encouraging or inducing any person to cease their relationship with any member of the Affiliated Group for any reason. A general employment advertisement by an entity of which the Executive is a part will
not constitute solicitation or recruitment. The “Nonsolicitation Restricted Period” shall mean the period from the Date of Grant through the second anniversary of the Executive’s termination of Employment.

  

	 	(e)	 Non-Competition – Solicitation of Business. During the Noncompetition Restricted Period (as defined below), the Executive shall not, either directly or
indirectly, compete with the business of the Affiliated Group by (i) becoming an officer, agent, employee, partner or director of any other corporation, partnership or other entity, or otherwise render services to or assist or hold an interest
(except as a less than 3-percent shareholder of a publicly traded corporation or as a less than 5-percent shareholder of a corporation that is not publicly traded) in any Competitive Business (as defined below), or (ii) soliciting, servicing,
or accepting the business of (A) any active customer of any member of the Affiliated Group, or (B) any person or entity who is or was at any time during the previous twelve 

  

 Annex A - 12 

	 	 
months a customer of any member of the Affiliated Group, provided that such business is competitive with any significant business of any member of the
Affiliated Group. “Competitive Business” shall mean any person or entity (including any joint venture, partnership, firm, corporation, or limited liability company) that conducts a business that is competitive with any significant
business of the Affiliated Group as of the date of termination (or any significant business that is being actively pursued as of the date of termination by the Affiliated Group). The “Noncompetition Restricted Period” shall mean the
period from the Date of Grant through the second anniversary of the date of termination of the Executive’s Employment. 

  

	 	(f)	Assistance. The Executive agrees that during and after his employment by the Affiliated Group, upon request by the Company, the Executive will assist the Affiliated Group in
the defense of any claims, or potential claims that may be made or threatened to be made against any member of the Affiliated Group in any action, suit or proceeding, whether civil, criminal, administrative, investigative or otherwise (a
“Proceeding”), and will assist the Affiliated Group in the prosecution of any claims that may be made by any member of the Affiliated Group in any Proceeding, to the extent that such claims may relate to the Executive’s
Employment or the period of the Executive’s Employment by the Affiliated Group. The Executive agrees, unless precluded by law, to promptly inform the Company if the Executive is asked to participate (or otherwise become involved) in any
Proceeding involving such claims or potential claims. The Executive also agrees, unless precluded by law, to promptly inform the Company if the Executive is asked to assist in any investigation (whether governmental or otherwise) of any member of
the Affiliated Group (or their actions), regardless of whether a lawsuit has then been filed against any member of the Affiliated Group with respect to such investigation. The Company agrees to reimburse the Executive for all of the Executive’s
reasonable out-of-pocket expenses associated with such assistance, including travel expenses and any attorneys’ fees and shall pay a reasonable per diem fee for the Executive’s service. In addition, the Executive agrees to provide such
services as are reasonably requested by the Company to assist any successor to the Executive in the transition of duties and responsibilities to such successor. Any services or assistance contemplated in this Section (e) shall be at mutually
agreed to and convenient times. 

  

	 	(g)	 Remedies. The Executive acknowledges and agrees that the terms of this Exhibit B: (i) are reasonable in geographic and temporal scope, (ii) are
necessary to protect legitimate proprietary and business interests of the Affiliated Group in, inter alia, near permanent customer relationships and confidential information. The Executive further acknowledges and agrees that the Executive’s
breach of the provisions of this Exhibit B will cause the Affiliated Group irreparable harm, which cannot be adequately compensated by money damages. The Executive consents and agrees that the forfeiture provisions contained in the Agreement and the
Investors Agreement are reasonable remedies in the event the Executive commits any such breach. If any of the provisions of this Exhibit B are 

  

 Annex A - 13 

	 	 
determined to be wholly or partially unenforceable, the Executive hereby agrees that Exhibit B or any provision hereof may be reformed so that it is
enforceable to the maximum extent permitted by law. If any of the provisions of this Exhibit B are determined to be wholly or partially unenforceable in any jurisdiction, such determination shall not be a bar to or in any way diminish the Affiliated
Group’s right to enforce any such covenant in any other jurisdiction. 

  

 Annex A - 14 

 Annex B 
 FORM OF FREESCALE SEMICONDUCTOR HOLDINGS RESTRICTED STOCK 
 UNIT AWARD AGREEMENT 
 FREESCALE SEMICONDUCTOR HOLDINGS 
 RESTRICTED
STOCK UNIT AWARD AGREEMENT 
 THIS AGREEMENT (the “Agreement”), is made effective as of February __, 2008 (the “Date of
Grant”), between Freescale Semiconductor Holdings I, Ltd., a Bermuda limited company (the “Company”), and Richard Beyer (the “Executive”): 
 R E C I T A L S: 
 WHEREAS, the Committee has
determined that it would be in the best interests of the Company and its shareholders to grant the Restricted Stock Units provided for herein to the Executive pursuant to the terms set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 
 2. Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in Exhibit A.

 3. Grant of Restricted Stock Units. 
 (a) The Company hereby grants (subject to the Executive’s execution of the Investors Agreement) to the Executive, on the terms and conditions hereinafter set forth, units evidencing a right to receive 2,100,840
shares of Common Stock (each a “Share” and collectively, the “Shares”) pursuant to the terms and conditions of this Agreement (the “Restricted Stock Units” or “Restricted Stock Unit Award”). 
 (b) In connection with the grant of the Restricted Stock Units hereunder, Executive represents and warrants to the Company as of the date hereof that:

 (i) the Restricted Stock Units to be acquired by Executive pursuant to this Agreement will be acquired for Executive’s
own account and not with a view to, or intention of, distribution thereof in violation of the Securities Act , or any applicable state securities laws, and the Restricted Stock Units will not be disposed of in contravention of the Securities Act or
any applicable state securities laws; 
  

 Annex B - 1 

 (ii) Executive is an executive officer of the Company, is sophisticated in financial
matters and is able to evaluate the risks and benefits of the investment in the Restricted Stock Units; 
 (iii) Executive is
an “accredited investor” within the meaning of Rule 501 of Regulation D of the Securities and Exchange Commission; 
 (iv) Executive is able to bear the economic risk of Executive’s investment in the Restricted Stock Units for an indefinite period of time because the Restricted Stock Units have not been registered under the Securities Act or
applicable state securities laws and are subject to substantial restrictions on transfer set forth herein, and, therefore, cannot be sold unless subsequently registered under the Securities Act and applicable state securities laws, or an exemption
from such registration is available, and in compliance with such restrictions on transfer; 
 (v) Executive has had an
opportunity to ask questions and receive answers concerning the terms and conditions of the offering of Restricted Stock Units and has had full access to such other information concerning the Company as he has requested; 
 (vi) this Agreement constitutes the legal, valid and binding obligation of Executive, enforceable in accordance with its terms.

 4. Restrictions and Vesting Period. 
 (a) Restrictions and Transferability. Except as provided in the Investors Agreement, the Restricted Stock Unit Award may not be assigned, alienated, pledged, attached, sold or otherwise transferred or
encumbered by the Executive otherwise than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or
any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. No such permitted transfer of the Restricted Stock Unit Award to heirs or legatees of
the Executive shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the
acceptance by the transferee or transferees of the terms and conditions hereof. 
  

 Annex B - 2 

 (b) Vesting Period. Subject to the Executive’s continued Employment, or except as otherwise
provided below, the Restricted Stock Unit Award shall vest with respect to thirty-three and one-third percent (33 1/3 %) of the Shares covered by the Restricted Stock Unit Award on each of the first, second and third anniversaries of the Effective
Date. At any time, the portion of the Restricted Stock Unit Award which has become vested as described above (or pursuant to Sections 3(c) or 4 below) is hereinafter referred to as the “Vested Portion”. 
 (c) Accelerated Vesting upon a Change of Control. Notwithstanding any other provisions of this Agreement to the contrary, in the event of a Change
of Control, the unvested portion of the Restricted Stock Unit Award shall become fully vested. 
 (d) Delivery of Shares. Shares of
Common Stock shall become deliverable (provided, that such delivery is otherwise in accordance with federal and state securities laws) with respect to the Vested Portion of the Restricted Stock Unit Award upon the earliest to occur of: (i) the
Executive’s termination of Employment; (ii) the Executive’s death; (iii) the Executive’s Disability; (iv) a Change of Control; or (v) the fifth anniversary of the Effective Date. 
 (e) No Stockholder Rights. Executive shall have no rights of a stockholder of the Company with respect to the Restricted Stock Units, including,
but not limited to, the rights to vote and receive ordinary dividends, until the date of issuance of a stock certificate for such Shares. In the event that the Committee approves an adjustment to the Restricted Stock Unit Award pursuant to
Section 16, then in such event, any and all new, substituted or additional securities to which Executive is entitled by reason of the Restricted Stock Unit Award shall be immediately subject to the Restrictions and Vesting Period set forth in
Sections 3(a) and (b) above with the same force and effect as the Restricted Stock Unit Award subject to such Restrictions immediately before such event. 
 5. Termination of Employment. 
 (a) General. If the Executive’s Employment is terminated for any
reason, the Restricted Stock Unit Award shall, to the extent not then vested (after giving effect to the provisions of Section 3(c) and this Section 4), terminate upon such termination of Employment. 
 (b) For Cause. The Restricted Stock Unit Award (including any Vested Portion thereof) shall terminate upon the Executive’s termination of Employment
for Cause. 
 (c) Without Cause or for Good Reason. Upon the Executive’s termination of Employment without Cause or by the Executive for
Good Reason, the Restricted Stock Unit Award shall become vested for an additional number of Shares equal to the number of Shares 

  

 Annex B - 3 

 
subject to the Restricted Stock Unit Award (if any) that would have vested on the next anniversary of the Effective Date if the Executive had remained
employed until such date (the “Subsequent Tranche”), multiplied by a fraction, the numerator of which equals the number of days elapsed from the vesting date immediately preceding termination of the Executive’s Employment through the
Executive’s termination of Employment and the denominator of which equals 365, plus the Subsequent Tranche; subject in all circumstances to the maximum of the total number of Shares subject to the Restricted Stock Unit Award as of the date of
such termination of Employment. Any portion of the Restricted Stock Unit Award that is not vested after giving effect to the above provisions of this Section 4(c) shall terminate immediately effective as of the termination of the
Executive’s Employment. 
 (d) Death. Upon the Executive’s termination of Employment due to death, the Restricted Stock Unit Award
shall become fully vested. 
 (e) Disability. Upon the Executive’s termination of Employment due to Disability, the Restricted Stock
Unit Award shall become fully vested. 
 (f) Retirement. Upon the Executive’s termination of Employment due to Retirement and solely to
the extent so determined by the Board, the Restricted Stock Unit Award shall become vested for an additional number of Shares equal to the Subsequent Tranche multiplied by a fraction, the numerator of which equals the number of days elapsed from the
vesting date immediately preceding termination of Executive’s Employment through the Executive’s termination of Employment and the denominator of which equals 365; subject in all circumstances to the maximum of the total number of Shares
subject to the Restricted Stock Unit Award as of the date of such termination of Employment. Any portion of the Restricted Stock Unit Award that is not vested after giving effect to the above provisions of this Section 4(f) shall terminate
immediately effective as of the termination of the Executive’s Employment. 
 (g) By the Executive other than due to Disability or Good
Reason. If the Executive’s Employment is terminated on account of a termination of the Executive’s Employment initiated by the Executive other than due to Disability or Good Reason, then the unvested portion of the Restricted Stock Unit
Award then held by the Executive shall be automatically forfeited. 
 (h) Forfeiture. Notwithstanding anything herein to the contrary,
if the Executive breaches any Restrictive Covenants applicable to the Executive (including, without limitation, the Restrictive Covenants set forth in Exhibit B hereto) following Executive’s voluntary termination of Employment without Good
Reason or during the Severance Period (as defined below) then (x) any Vested Portion then held by the Executive shall be automatically forfeited, (y) any Shares acquired pursuant to the Restricted Stock Unit Award shall be automatically
forfeited and (z) any proceeds from the sale of Shares described in preceding clause (y), shall be immediately repaid to the Company. For purposes of this Agreement “Severance Period” shall mean, in the event of termination of the
Executive’s Employment in 

  

 Annex B - 4 

 
circumstances entitling the Executive to severance under an applicable plan or policy or an individual agreement, and under which plan, policy or individual
agreement the Executive elects to and actually receives severance, the two-year period immediately following the date of such termination. 
 (i) Six-Month Waiting Period for Distributions Upon Separation From Service. To the extent required by Section 409A of the Code, any payment of Shares that would otherwise be payable under this Agreement during the six-month
period immediately following the Executive’s termination of Employment, shall instead be paid on the first business day after the expiration of such six-month period, plus interest thereon, at a rate equal to the applicable Federal short-term
rate (as defined in Section 1274(d) of the Code) for the month in which such date of termination occurs from the respective dates on which such amounts would otherwise have been paid until the actual date of payment. In no event will any
payment of shares be made hereunder, unless the relevant termination of Employment constitutes a “separation from service” under Section 409A. 
 6. Certain Covenants. The Executive hereby agrees and covenants to perform all of his obligations set forth in Exhibit B hereto (which is incorporated by reference hereby) and acknowledges that the
Executive’s obligations set forth in Exhibit B constitute a material inducement for the Company’s grant of the Restricted Stock Unit Award to the Executive. 
 7. Share Restrictions, etc. Except as expressly provided herein, the Executive’s rights hereunder and with respect to Shares received with
respect to the Vested Portion are subject to the restrictions and other provisions contained in the Investors Agreement. 
 8. No Right to
Continued Employment. The granting of the Restricted Stock Unit Award evidenced hereby and this Agreement shall impose no obligation on the Company or any Affiliate to continue the Employment of the Executive and shall not lessen or affect the
Company’s or its Affiliate’s right to terminate the Employment of such Executive. 
 9. Legend on Certificates. The
certificates representing the Shares received by Executive with respect to the Vested Portion shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Agreement or the rules, regulations, and
other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make
appropriate reference to such restrictions. 
 10. Withholding. The Executive may be required to pay to the Company or any Affiliate
and the Company shall have the right and is hereby authorized to withhold from any payment due or transfer made under the Restricted Stock Unit Award or from any 

  

 Annex B - 5 

 
compensation or other amount owing to a Executive the amount (in cash, Shares, other securities or other property) of any applicable withholding taxes in
respect of the Restricted Stock Unit Award or any payment or transfer under or with respect to the Restricted Stock Unit Award and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the
payment of such withholding taxes. 
 11. Securities Laws. The issuance of any Shares hereunder shall be subject to the Executive
making or entering into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws. 
 12. Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive
office of the Company and to the Executive at the address appearing in the personnel records of the Company for the Executive or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such
notice shall be deemed effective upon receipt thereof by the addressee. 
 13. Governing Law. This Agreement and all claims arising
out of or based upon this Agreement or relating to the subject matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving effect to any choice or conflict of laws
provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 
 14. Consent to
Jurisdiction. All actions arising out of or relating to this Agreement shall be heard and determined exclusively in any New York state or federal court sitting in the Borough of Manhattan in The City of New York. The parties hereto hereby
(a) submit to the exclusive jurisdiction of any state or federal court sitting in the Borough of Manhattan of The City of New York for the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and
(b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune of from
attachment or execution, that the action is brought in an inconvenient forum, that the venue of the action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or by any of the above-named courts.

 15. WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH PARTY HERETO HEREBY WAIVES
AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR OTHERWISE), INQUIRY, PROCEEDING OR
INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW 

  

 Annex B - 6 

 
EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 14 CONSTITUTES A
MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 14 WITH ANY COURT AS WRITTEN EVIDENCE
OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 
 16. Restricted Stock Unit Award Subject to Investors
Agreement. By entering into this Agreement the Executive agrees and acknowledges that the Executive has received a copy of the Investors Agreement. The Restricted Stock Unit Award is subject to the Investors Agreement, each as may be amended
from time to time, and the terms and provisions of the Investors Agreement are hereby incorporated herein by reference. 
 17. Changes In,
Distributions With Respect to and Redemptions of Common Stock. 
 (a) Basic Adjustment Provisions. In the event of any stock
dividend or other similar distribution (whether in the form of stock or other securities or other property), stock split or combination of shares (including a reverse stock split), recapitalization, conversion, reorganization, consolidation,
split-up, spin-off, combination, merger, exchange of stock, redemption or repurchase of all or part of the shares of any class of stock or any change in the capital structure of the Company or an Affiliate or other transaction or event, the
Committee will, as appropriate in order to prevent enlargement or dilution of benefits intended to be made available under the Agreement, make adjustments to the maximum number of shares of Common Stock that may be delivered under the Agreement and
will also make appropriate adjustments to the number and kind of shares of stock, securities or other property (including cash) subject to the Restricted Stock Unit Award and any other provision of the Restricted Stock Unit Award affected by such
change. 
 (b) Certain Other Adjustments. The Committee will also make adjustments of the type described in paragraph (a) above
to take into account distributions to stockholders or any other event, if the Committee determines that adjustments are appropriate to preserve the value of the Restricted Stock Unit Award. 
 (c) Continuing Application of Agreement Terms. References in the Agreement to shares of Common Stock will be construed to include any stock or
securities resulting from an adjustment pursuant to this Section 16. 
 18. Legal Conditions on Delivery of Common Stock. The
Company shall, prior to delivering shares of Common Stock pursuant to the Agreement or removing any 

  

 Annex B - 7 

 
restriction from shares of Common Stock previously delivered under the Agreement, that (a) all legal matters in connection with the issuance and
delivery of such shares have been addressed and resolved, and (b) if the outstanding Common Stock is at the time of delivery listed on any stock exchange or national market system, the shares to be delivered have been listed or authorized to be
listed on such exchange or system upon official notice of issuance. The Company and its Affiliates will be obligated to deliver any shares of Common Stock pursuant to the Agreement or to remove any restriction from shares of Common Stock previously
delivered under the Agreement upon satisfaction or waiver of the conditions set forth in the preceding sentence and all other conditions of the Award Agreement. If the sale of Common Stock has not been registered under the Securities Act, as
amended, the Company may require, as a condition to the Restricted Stock Unit Award, such representations or agreements as counsel for the Company may in good faith recommend to avoid violation of such Act. 
 19. Section 409A. It is intended that the terms of this Agreement comply with Section 409A of the Code. If it is determined that the
terms of this Agreement have been structured in a manner that would result in adverse tax treatment under Section 409A of the Code, the parties agree to cooperate in taking all reasonable measures to restructure the arrangement to minimize or
avoid such adverse tax treatment without materially impairing Executive’s economic rights. 
 20. Severability. Whenever
possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any
applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision had never been contained herein. 
 21. Signature in Counterparts. This Agreement may be
signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  

 Annex B - 8 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement. 
  

			
	FREESCALE SEMICONDUCTOR HOLDINGS I, LTD.
		
	By:	 	  

	Name:	 	
	Title:	 	

 Agreed and acknowledged as of the date first above written: 
  

	
	  

	Executive

  

 Annex B - 9 

 Exhibit A to Annex B – Definitions 
 “Affiliate”: Any corporation or other entity that is an “Affiliate” of the Company within the meaning of the Investors Agreement. 

“Adjustment Event”: Either (i) a cash dividend with respect to shares of Common Stock paid to all or substantially all holders of shares of
Common Stock, other than cash dividends in respect of shares of Common Stock declared by the Board as part of a regular dividend payment practice or stated cash dividend policy of the Company following an IPO, or (ii) a substantially pro rata
redemption or substantially pro rata repurchase by the Company, of all or part of any class of stock of the Company. 
 “Board”: The Board
of Directors of Freescale Holdings. 
 “Cause”: “Cause” as defined in the Investors Agreement. 
 “Change of Control”: Any of the following: (i) a Change of Control within the meaning of the Investors Agreement; (ii) directly or indirectly
a sale, transfer or other conveyance of all or substantially all of the assets of Freescale Semiconductor, Inc. (“Freescale”), on a consolidated basis, to any “person” or “group” (as such terms are used for purposes of
Sections 13(d) and 14(d) of the Exchange Act, whether or not applicable), as an entirety or substantially as an entirety in one transaction or series of related transactions; (iii) any “person” or “group” (as such terms are
used for purposes of Sections 13(d) and 14(d) of the Exchange Act, whether or not applicable), other than one or more Qualified Institutional Investors, is or becomes the “beneficial owner” (as that term is used in Rules 13d-3 and 13d-5
under the Exchange Act, whether or not applicable), directly or indirectly, of more than 50% of the total voting power of all Voting Stock then outstanding of Freescale, provided that for so long as (x) the Partnership and its subsidiaries own
more than 50% of the total voting power of all Voting Stock of Freescale and (y) one or more Qualified Institutional Investors own more than 50% of the total voting power of all Voting Stock of the general partner of the Partnership, such
Qualified Institutional Investors will be deemed to beneficially own the Freescale Voting Stock owned by the Partnership and its subsidiaries; or (iv) during any period of 24-consecutive months, individuals who at the beginning of such period
constituted the board of directors of Freescale (together with any new directors whose election by such board of directors or whose nomination for election by the stockholders of Freescale was approved by a vote of a majority of the directors then
still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the board of directors of Freescale then in office.
Notwithstanding anything herein to the contrary, for purposes of this Agreement, no Change of Control shall be deemed to have occurred unless the events constituting such Change of Control also constitute a “change in the ownership or effective
control of the corporation, or in the ownership of a substantial portion of the assets of the corporation,” as such phrase is defined Section 409A of the Code and the regulations promulgated thereunder. 
 “Code”: The U.S. Internal Revenue Code of 1986 as from time to time amended and in effect, or any successor statute as from time to time in effect.

  

 Annex B - 10 

 “Committee”: The Board or, if one or more has been appointed, a committee of the Board. The Committee
may delegate ministerial tasks to such persons as it deems appropriate. 
 “Common Stock”: Common shares of the Company, par value $.01 per
share. 
 “Company”: Freescale Holdings Semiconductor Holdings I, Ltd., a Bermuda limited company. 
 “Disability”: “Disability” as defined in the Investors Agreement. 
 “Effective Date”: “Effective Date” as defined in the Employment Agreement. 
 “Employment”: The Executive’s employment or other service relationship (including service as a member of the Board of Directors) with the Company and its Affiliates. If the Executive’s relationship is with an
Affiliate and that entity ceases to be an Affiliate, the Executive will be deemed to cease Employment when the entity ceases to be an Affiliate unless the Executive transfers Employment to the Company or its remaining Affiliates. 
 “Employment Agreement”: The employment agreement between the Company and the Executive to which this Agreement is an annex. 
 “Exchange Act”: The Securities Exchange Act of 1934, as amended. 
 “Fair Market Value”: “Fair Market Value” as defined in the Investors Agreement 
 “Good Reason”:
“Good Reason” as defined in the Investors Agreement. 
 “Investors Agreement”: Investors Agreement by and among Freescale Holdings
L.P., Freescale Holdings (Bermuda) I, Ltd., Freescale Holdings (Bermuda) II, Ltd., Freescale Holdings (Bermuda) III, Ltd., Freescale Acquisition Holdings Corp., Freescale Holdings (Bermuda) IV, Ltd., Freescale Acquisition Corporation and Certain
Freescale Holdings L.P. Investors and certain stockholders of Freescale Holdings (Bermuda) I, Ltd. dated as of December 1, 2006. 
 “Partnership”: Freescale Holdings L.P., a Cayman Islands exempted limited partnership, together with any successor thereto. 
 “Qualified Institutional Investors”: “Qualified Institutional Investors” as defined in the Investors Agreement. 
 “Restrictive Covenants”: “Restrictive Covenants” as defined in the Investors Agreement. 
 “Retirement”:
The Executive’s voluntary termination of Employment other than for Cause after the date on which the Executive has reached the age of 55 and has a total of at least five years combined and continuous employment with the Company. 
 “Shares”: Common shares of the Company, par value $.01 per share. 
 “Voting Stock”: All classes of capital stock or shares then outstanding and normally entitled to vote in elections of directors. 
  

 Annex B - 11 

 Exhibit B to Annex B– Restrictive Covenants 
  

	 	(a)	Confidential Information. The Executive shall hold in a fiduciary capacity for the benefit of the Company and its Affiliates (collectively, the “Affiliated
Group”), all secret or confidential information, knowledge or data relating to the Affiliated Group and its businesses (including, without limitation, any proprietary and not publicly available information concerning any processes, methods,
trade secrets, research or secret data, costs, names of users or purchasers of their respective products or services, business methods, operating procedures or programs or methods of promotion and sale) that the Executive obtains during the
Executive’s Employment that is not public knowledge (other than as a result of the Executive’s violation of this Section (a)) (“Confidential Information”). The Executive shall not communicate, divulge or disseminate
Confidential Information at any time during or after the Executive’s Employment, except with the prior written consent of the Company, or as otherwise required by law or legal process or as such disclosure or use may be required in the course
of the Executive performing his duties and responsibilities with the Affiliated Group. Notwithstanding the foregoing provisions, if the Executive is required to disclose any such confidential or proprietary information pursuant to applicable law or
a subpoena or court order, the Executive shall promptly notify the Company in writing of any such requirement so that the Company or the appropriate member of the Affiliated Group may seek an appropriate protective order or other appropriate remedy
or waive compliance with the provisions hereof. The Executive shall reasonably cooperate with the Company or the appropriate member of the Affiliated Group to obtain such a protective order or other remedy. If such order or other remedy is not
obtained prior to the time the Executive is required to make the disclosure, or the Company waives compliance with the provisions hereof, the Executive shall disclose only that portion of the confidential or proprietary information which he is
advised by counsel in writing (either his or the Company’s) that he is legally required to so disclose. Upon his termination of Employment for any reason, the Executive shall promptly return to the Company all records, files, memoranda,
correspondence, notebooks, notes, reports, customer lists, drawings, plans, documents, and other documents and the like relating to the business of the Affiliated Group or containing any trade secrets relating to the Affiliated Group or that the
Executive uses, prepares or comes into contact with during the course of the Executive’s employment with the Affiliated Group, and all keys, credit cards and passes, and such materials shall remain the sole property of the Affiliated Group. The
Executive agrees to execute any standard-form confidentiality agreements with the Company that the Company in the future generally enters into with its senior executives. 

  

	 	(b)	 Work Product and Inventions. The Affiliated Group and/or its nominees or assigns shall own all right, title and interest in and to any and all inventions,
ideas, trade secrets, technology, devices, discoveries, improvements, processes, developments, designs, know how, show-how, data, computer programs, algorithms, formulae, works of authorship, works modifications, trademarks, 

  

 Annex B - 12 

	 	 
trade names, documentation, techniques, designs, methods, trade secrets, technical specifications, technical data, concepts, expressions, patents, patent
rights, copyrights, moral rights, and all other intellectual property rights or other developments whatsoever (collectively, “Developments”), whether or not patentable, reduced to practice or registrable under patent, copyright,
trademark or other intellectual property law anywhere in the world, made, authored, discovered, reduced to practice, conceived, created, developed or otherwise obtained by the Executive (alone or jointly with others) during the Executive’s
Employment with the Affiliated Group, and arising from or relating to such employment or the business of the Affiliated Group (whether during business hours or otherwise, and whether on the premises of using the facilities or materials of the
Affiliated Group or otherwise). The Executive shall promptly and fully disclose to the Affiliated Group and to no one else all Developments, and hereby assigns to the Affiliated Group without further compensation all right, title and interest the
Executive has or may have in any Developments, and all patents, copyrights, or other intellectual property rights relating thereto, and agrees that the Executive has not acquired and shall not acquire any rights during the course of his employment
with the Affiliated Group or thereafter with respect to any Developments. 

  

	 	(c)	Non-Recruitment of Affiliated Group Employees. The Executive shall not, at any time during the Nonsolicitation Restricted Period (as defined below), other than in the
ordinary exercise of his duties, without the prior written consent of the Affiliated Group, directly or indirectly, solicit, recruit, or employ (whether as an employee, officer, agent, consultant or independent contractor) any person who is or was
at any time during the previous 12 months, an employee, representative, officer or director of any member of the Affiliated Group. Further, during the Nonsolicitation Restricted Period, the Executive shall not take any action that could reasonably
be expected to have the effect of directly encouraging or inducing any person to cease their relationship with any member of the Affiliated Group for any reason. A general employment advertisement by an entity of which the Executive is a part will
not constitute solicitation or recruitment. The “Nonsolicitation Restricted Period” shall mean the period from the Date of Grant through the second anniversary of the Executive’s termination of Employment.

  

	 	(d)	 Non-Competition – Solicitation of Business. During the Noncompetition Restricted Period (as defined below), the Executive shall not, either directly or
indirectly, compete with the business of the Affiliated Group by (i) becoming an officer, agent, employee, partner or director of any other corporation, partnership or other entity, or otherwise render services to or assist or hold an interest
(except as a less than 3-percent shareholder of a publicly traded corporation or as a less than 5-percent shareholder of a corporation that is not publicly traded) in any Competitive Business (as defined below), or (ii) soliciting, servicing,
or accepting the business of (A) any active customer of any member of the Affiliated Group, or (B) any person or entity who is or was at any time during the previous twelve months a customer of any member of the Affiliated Group, provided
that such 

  

 Annex B - 13 

	 	 
business is competitive with any significant business of any member of the Affiliated Group. “Competitive Business” shall mean any person or
entity (including any joint venture, partnership, firm, corporation, or limited liability company) that conducts a business that is competitive with any significant business of the Affiliated Group as of the date of termination (or any significant
business that is being actively pursued as of the date of termination by the Affiliated Group). The “Noncompetition Restricted Period” shall mean the period from the Date of Grant through the second anniversary of the date of
termination of the Executive’s Employment. 

  

	 	(e)	Assistance. The Executive agrees that during and after his employment by the Affiliated Group, upon request by the Company, the Executive will assist the Affiliated Group in
the defense of any claims, or potential claims that may be made or threatened to be made against any member of the Affiliated Group in any action, suit or proceeding, whether civil, criminal, administrative, investigative or otherwise (a
“Proceeding”), and will assist the Affiliated Group in the prosecution of any claims that may be made by any member of the Affiliated Group in any Proceeding, to the extent that such claims may relate to the Executive’s
Employment or the period of the Executive’s Employment by the Affiliated Group. The Executive agrees, unless precluded by law, to promptly inform the Company if the Executive is asked to participate (or otherwise become involved) in any
Proceeding involving such claims or potential claims. The Executive also agrees, unless precluded by law, to promptly inform the Company if the Executive is asked to assist in any investigation (whether governmental or otherwise) of any member of
the Affiliated Group (or their actions), regardless of whether a lawsuit has then been filed against any member of the Affiliated Group with respect to such investigation. The Company agrees to reimburse the Executive for all of the Executive’s
reasonable out-of-pocket expenses associated with such assistance, including travel expenses and any attorneys’ fees and shall pay a reasonable per diem fee for the Executive’s service. In addition, the Executive agrees to provide such
services as are reasonably requested by the Company to assist any successor to the Executive in the transition of duties and responsibilities to such successor. Any services or assistance contemplated in this Section (e) shall be at mutually
agreed to and convenient times. 

  

	 	(f)	 Remedies. The Executive acknowledges and agrees that the terms of this Exhibit B: (i) are reasonable in geographic and temporal scope, (ii) are
necessary to protect legitimate proprietary and business interests of the Affiliated Group in, inter alia, near permanent customer relationships and confidential information. The Executive further acknowledges and agrees that the Executive’s
breach of the provisions of this Exhibit B will cause the Affiliated Group irreparable harm, which cannot be adequately compensated by money damages. The Executive consents and agrees that the forfeiture provisions contained in the Agreement and the
Investors Agreement are reasonable remedies in the event the Executive commits any such breach. If any of the provisions of this Exhibit B are determined to be wholly or partially unenforceable, the Executive hereby agrees that Exhibit B or any
provision hereof may be reformed so that it is enforceable to 

  

 Annex B - 14 

	 	 
the maximum extent permitted by law. If any of the provisions of this Exhibit B are determined to be wholly or partially unenforceable in any jurisdiction,
such determination shall not be a bar to or in any way diminish the Affiliated Group’s right to enforce any such covenant in any other jurisdiction. 

  

 Annex B - 15 

 Annex C 
 FORM OF FREESCALE SEMICONDUCTOR INC 
 DEFERRED COMPENSATION AGREEMENT 
 FREESCALE SEMICONDUCTOR INC. 
 DEFERRED
COMPENSATION AGREEMENT 
 THIS AGREEMENT (this “Agreement”), is made
effective as of February 11th 2008 between Freescale Semiconductor Inc. (the “Company”) and Richard M. Beyer
(the “Executive”): 
 R E C I T A L S: 
 WHEREAS, the Committee has determined that it would be in the best interests of the Company and its shareholders to enter into the deferred compensation
arrangement provided for herein with the Executive pursuant to the terms set forth herein. 
 NOW THEREFORE, in consideration of the mutual
covenants hereinafter set forth, the parties agree as follows: 
 1. Defined Terms. Capitalized terms used herein and not otherwise
defined herein shall have the meaning assigned to such terms in Exhibit A. 
 2. Grant of Deferred Compensation. The Company hereby
grants to the Executive, on the terms and conditions hereinafter set forth, deferred compensation of $12,500,000 pursuant to the terms and conditions of this Agreement (the “Deferred Compensation”). 
 3. Vesting Period. Subject to the Executive’s continued Employment, or except as
otherwise provided below, thirty-three and one-third percent (33  1/3%) of the Deferred Compensation covered by this Agreement
shall vest on each of the first, second and third anniversaries of the Effective Date. At any time, the portion of the Deferred Compensation which has become vested as described above shall be referred to as the “Vested Portion”. 

  

 Annex C - 1 

 4. Payment. Payment of the Vested Portion of the Deferred Compensation shall be made as soon as
administratively practicable following the earliest to occur of: (i) the Executive’s termination of Employment; (ii) the Executive’s death; (iii) the Executive’s Disability; (iv) a Change of Control; or
(v) the third anniversary of the Effective Date. 
 5. Accelerated Payment on Change of Control. Notwithstanding any other
provisions of this Agreement to the contrary, in the event of a Change of Control, the unvested portion of the Deferred Compensation shall become fully vested. 
 6. Termination of Employment. 
 (a) General. If the Executive’s Employment is terminated
for any reason, the Executive’s right to payment of the Deferred Compensation shall, to the extent the Deferred Compensation is not then vested (after giving effect to the provisions of Section 5 and this Section 6), terminate upon
the termination of such Employment. 
 (b) For Cause. The Deferred Compensation (including any Vested Portion thereof) shall terminate
upon the Executive’s termination of Employment for Cause. 
 (c) Without Cause or for Good Reason. Upon the Executive’s
termination of Employment without Cause or by the Executive for Good Reason, the Deferred Compensation shall become vested in an amount equal to the amount of Deferred Compensation that would have vested on the next anniversary of the Effective Date
if the Executive had remained employed until such date (the “Subsequent Vested Amount”), multiplied by a fraction, the numerator of which equals the number of days elapsed from the vesting date immediately preceding termination of the
Executive’s Employment or the Effective Date, as applicable, through the Executive’s termination of Employment and the denominator of which equals 365, plus the Subsequent Vested Amount; subject in all circumstances to the maximum of the
Deferred Compensation as of the date of such termination of Employment. Any portion of the Deferred Compensation that is not vested after giving effect to the above provisions of this Section 6(c) shall terminate immediately effective as of the
termination of the Executive’s Employment. 
 (d) Death. Upon the Executive’s termination of Employment due to death, the
Deferred Compensation shall become fully vested. 
 (e) Disability. Upon the Executive’s termination of Employment due to
Disability, the Deferred Compensation shall become fully vested. 
 (f) By the Executive other than due to Disability or Good Reason.
If the Executive’s Employment is terminated on account of a termination of the Executive’s Employment initiated by the Executive other than due to Disability or Good Reason, then the unvested portion of the Deferred Compensation shall be
automatically forfeited. 
  

 Annex C - 2 

 (g) Six-Month Waiting Period for Distributions Upon Separation From Service. To the extent
required by Section 409A of the Code, any payment that would otherwise be payable under this Agreement during the six-month period immediately following the Executive’s termination of Employment, shall instead be paid on the first business
day after the expiration of such six-month period, plus interest thereon, at a rate equal to the applicable Federal short-term rate (as defined in Section 1274(d) of the Code) for the month in which such date of termination occurs from the
respective dates on which such amounts would otherwise have been paid until the actual date of payment. In no event will any payment be made hereunder, unless the relevant termination of Employment constitutes a “separation from service”
under Section 409A. 
 7. Certain Covenants. The Executive hereby agrees and covenants to perform all of his obligations set
forth in Exhibit B hereto (which is incorporated by reference hereby) and acknowledges that the Executive’s obligations set forth in Exhibit B constitute a material inducement for the Company’s grant of the Deferred Compensation to the
Executive. 
 8. No Right to Continued Employment. The granting of the Deferred Compensation evidenced hereby and this
Agreement shall impose no obligation on the Company or any Affiliate to continue the Employment of the Executive and shall not lessen or affect the Company’s or its Affiliate’s right to terminate the Employment of the Executive.

 9. Withholding. The Executive may be required to pay to the Company or any Affiliate and the Company shall have the right and is
hereby authorized to withhold from any payment due or transfer made under the Deferred Compensation of any applicable withholding taxes in respect of the Deferred Compensation or any payment or transfer under or with respect to the Deferred
Compensation and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes. 
 10. Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Executive at the address appearing
in the personnel records of the Company for the Executive or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the
addressee. 
 11. Governing Law. This Agreement and all claims arising out of or based upon this Agreement or relating to the subject
matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of New York without giving effect to any choice or conflict of laws provision or rule that would cause the application of the domestic
substantive laws of any other jurisdiction. 
  

 Annex C - 3 

 12. Consent to Jurisdiction. All actions arising out of or relating to this Agreement shall be
heard and determined exclusively in any New York state or federal court sitting in the Borough of Manhattan in The City of New York. The parties hereto hereby (a) submit to the exclusive jurisdiction of any state or federal court sitting in the
Borough of Manhattan of The City of New York for the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and (b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in
any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune of from attachment or execution, that the action is brought in an inconvenient forum, that the venue of
the action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or by any of the above-named courts. 
 13. WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH PARTY HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL
BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY
CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 14
CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 14 WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 
 14. Section 409A. It is
intended that the terms of this Agreement comply with Section 409A of the Code. If it is determined that the terms of this Agreement have been structured in a manner that would result in adverse tax treatment under Section 409A of the
Code, the parties agree to cooperate in taking all reasonable measures to restructure the arrangement to minimize or avoid such adverse tax treatment without materially impairing Executive’s economic rights. 
 15. Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other
provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
  

 Annex C - 4 

 16. Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall
be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  

 Annex C - 5 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement. 
  

			
	FREESCALE SEMICONDUCTOR INC.
		
	By:	 	 /s/ Paul C. Schorr IV

	Name:	 	Paul C. Schorr IV
	Title:	 	Authorized Signatory

 Agreed and acknowledged as of the date first above written: 
  

	
	 /s/ Richard M. Beyer

	 Executive

  

 Annex C - 6 

 Exhibit A to Annex C– Definitions 
 “Affiliate”: Any corporation or other entity that is an “Affiliate” of the Company within the meaning of the Investors Agreement. 

“Cause”: “Cause” as defined in the Investors Agreement. 
 “Change of Control”: Any of the following: (i) a Change of Control within the meaning of the Investors Agreement; (ii) directly or indirectly a sale, transfer or other conveyance of all or
substantially all of the assets of Freescale Semiconductor, Inc. (“Freescale”), on a consolidated basis, to any “person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act,
whether or not applicable), as an entirety or substantially as an entirety in one transaction or series of related transactions; (iii) any “person” or “group” (as such terms are used for purposes of Sections 13(d) and 14(d)
of the Exchange Act, whether or not applicable), other than one or more Qualified Institutional Investors, is or becomes the “beneficial owner” (as that term is used in Rules 13d-3 and 13d-5 under the Exchange Act, whether or not
applicable), directly or indirectly, of more than 50% of the total voting power of all Voting Stock then outstanding of Freescale, provided that for so long as (x) the Partnership and its subsidiaries own more than 50% of the total voting power
of all Voting Stock of Freescale and (y) one or more Qualified Institutional Investors own more than 50% of the total voting power of all Voting Stock of the general partner of the Partnership, such Qualified Institutional Investors will be
deemed to beneficially own the Freescale Voting Stock owned by the Partnership and its subsidiaries; or (iv) during any period of 24-consecutive months, individuals who at the beginning of such period constituted the board of directors of
Freescale (together with any new directors whose election by such board of directors or whose nomination for election by the stockholders of Freescale was approved by a vote of a majority of the directors then still in office who were either
directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the board of directors of Freescale then in office. Notwithstanding anything herein
to the contrary, for purposes of this Agreement, no Change of Control shall be deemed to have occurred unless the events constituting such Change of Control also constitute a “change in the ownership or effective control of the corporation, or
in the ownership of a substantial portion of the assets of the corporation,” as such phrase is defined Section 409A of the Code and the regulations promulgated thereunder. 
 “Code”: The U.S. Internal Revenue Code of 1986 as from time to time amended and in effect, or any successor statute as from time to time in effect. 
 “Committee”: The Board of Directors of Freescale Semiconductor Inc. or, if one or more has been appointed, a committee of such Board. The Committee may
delegate ministerial tasks to such persons as it deems appropriate. 
 “Company”: Freescale Semiconductor Inc., a United States corporation.

 “Disability”: “Disability” as defined in the Investors Agreement. 
  

 Annex C - 7 

 “Effective Date”: “Effective Date” as defined in the Employment Agreement. 
 “Employment”: The Executive’s employment or other service relationship with the Company and its Affiliates. If the Executive’s relationship is
with an Affiliate and that entity ceases to be an Affiliate, the Executive will be deemed to cease Employment when the entity ceases to be an Affiliate unless the Executive transfers Employment to the Company or its remaining Affiliates. 

“Employment Agreement”: The employment agreement between the Company and the Executive to which this Agreement is an annex. 
 “Good Reason”: “Good Reason” as defined in the Investors Agreement. 
 “Investors Agreement”: Investors Agreement by and among Freescale Holdings L.P., Freescale Holdings (Bermuda) I, Ltd., Freescale Holdings (Bermuda) II, Ltd., Freescale Holdings (Bermuda) III, Ltd.,
Freescale Acquisition Holdings Corp., Freescale Holdings (Bermuda) IV, Ltd., Freescale Acquisition Corporation and Certain Freescale Holdings L.P. Investors and certain stockholders of Freescale Holdings (Bermuda) I, Ltd. dated as of
December 1, 2006. 
 “Restrictive Covenants”: “Restrictive Covenants” as defined in the Investors Agreement. 
  

 Annex C - 8 

 Exhibit B to Annex C– Restrictive Covenants 
  

	 	(a)	Confidential Information. The Executive shall hold in a fiduciary capacity for the benefit of the Company and its Affiliates (collectively, the “Affiliated
Group”), all secret or confidential information, knowledge or data relating to the Affiliated Group and its businesses (including, without limitation, any proprietary and not publicly available information concerning any processes, methods,
trade secrets, research or secret data, costs, names of users or purchasers of their respective products or services, business methods, operating procedures or programs or methods of promotion and sale) that the Executive obtains during the
Executive’s Employment that is not public knowledge (other than as a result of the Executive’s violation of this Section (a)) (“Confidential Information”). The Executive shall not communicate, divulge or disseminate
Confidential Information at any time during or after the Executive’s Employment, except with the prior written consent of the Company, or as otherwise required by law or legal process or as such disclosure or use may be required in the course
of the Executive performing his duties and responsibilities with the Affiliated Group. Notwithstanding the foregoing provisions, if the Executive is required to disclose any such confidential or proprietary information pursuant to applicable law or
a subpoena or court order, the Executive shall promptly notify the Company in writing of any such requirement so that the Company or the appropriate member of the Affiliated Group may seek an appropriate protective order or other appropriate remedy
or waive compliance with the provisions hereof. The Executive shall reasonably cooperate with the Company or the appropriate member of the Affiliated Group to obtain such a protective order or other remedy. If such order or other remedy is not
obtained prior to the time the Executive is required to make the disclosure, or the Company waives compliance with the provisions hereof, the Executive shall disclose only that portion of the confidential or proprietary information which he is
advised by counsel in writing (either his or the Company’s) that he is legally required to so disclose. Upon his termination of Employment for any reason, the Executive shall promptly return to the Company all records, files, memoranda,
correspondence, notebooks, notes, reports, customer lists, drawings, plans, documents, and other documents and the like relating to the business of the Affiliated Group or containing any trade secrets relating to the Affiliated Group or that the
Executive uses, prepares or comes into contact with during the course of the Executive’s employment with the Affiliated Group, and all keys, credit cards and passes, and such materials shall remain the sole property of the Affiliated Group. The
Executive agrees to execute any standard-form confidentiality agreements with the Company that the Company in the future generally enters into with its senior executives. 

  

	 	(b)	 Work Product and Inventions. The Affiliated Group and/or its nominees or assigns shall own all right, title and interest in and to any and all inventions,
ideas, trade secrets, technology, devices, discoveries, improvements, processes, developments, designs, know how, show-how, data, computer programs, algorithms, formulae, works of authorship, works modifications, trademarks, 

  

 Annex C - 9 

	 	 
trade names, documentation, techniques, designs, methods, trade secrets, technical specifications, technical data, concepts, expressions, patents, patent
rights, copyrights, moral rights, and all other intellectual property rights or other developments whatsoever (collectively, “Developments”), whether or not patentable, reduced to practice or registrable under patent, copyright,
trademark or other intellectual property law anywhere in the world, made, authored, discovered, reduced to practice, conceived, created, developed or otherwise obtained by the Executive (alone or jointly with others) during the Executive’s
Employment with the Affiliated Group, and arising from or relating to such employment or the business of the Affiliated Group (whether during business hours or otherwise, and whether on the premises of using the facilities or materials of the
Affiliated Group or otherwise). The Executive shall promptly and fully disclose to the Affiliated Group and to no one else all Developments, and hereby assigns to the Affiliated Group without further compensation all right, title and interest the
Executive has or may have in any Developments, and all patents, copyrights, or other intellectual property rights relating thereto, and agrees that the Executive has not acquired and shall not acquire any rights during the course of his employment
with the Affiliated Group or thereafter with respect to any Developments. 

  

	 	(c)	Non-Recruitment of Affiliated Group Employees. The Executive shall not, at any time during the Nonsolicitation Restricted Period (as defined below), other than in the
ordinary exercise of his duties, without the prior written consent of the Affiliated Group, directly or indirectly, solicit, recruit, or employ (whether as an employee, officer, agent, consultant or independent contractor) any person who is or was
at any time during the previous 12 months, an employee, representative, officer or director of any member of the Affiliated Group. Further, during the Nonsolicitation Restricted Period, the Executive shall not take any action that could reasonably
be expected to have the effect of directly encouraging or inducing any person to cease their relationship with any member of the Affiliated Group for any reason. A general employment advertisement by an entity of which the Executive is a part will
not constitute solicitation or recruitment. The “Nonsolicitation Restricted Period” shall mean the period from the Date of Grant through the second anniversary of the Executive’s termination of Employment.

  

	 	(d)	 Non-Competition – Solicitation of Business. During the Noncompetition Restricted Period (as defined below), the Executive shall not, either directly or
indirectly, compete with the business of the Affiliated Group by (i) becoming an officer, agent, employee, partner or director of any other corporation, partnership or other entity, or otherwise render services to or assist or hold an interest
(except as a less than 3-percent shareholder of a publicly traded corporation or as a less than 5-percent shareholder of a corporation that is not publicly traded) in any Competitive Business (as defined below), or (ii) soliciting, servicing,
or accepting the business of (A) any active customer of any member of the Affiliated Group, or (B) any person or entity who is or was at any time during the previous twelve months a customer of any member of the Affiliated Group, provided
that such 

  

 Annex C - 10 

	 	 
business is competitive with any significant business of any member of the Affiliated Group. “Competitive Business” shall mean any person or
entity (including any joint venture, partnership, firm, corporation, or limited liability company) that conducts a business that is competitive with any significant business of the Affiliated Group as of the date of termination (or any significant
business that is being actively pursued as of the date of termination by the Affiliated Group). The “Noncompetition Restricted Period” shall mean the period from the Date of Grant through the second anniversary of the date of
termination of the Executive’s Employment. 

  

	 	(e)	Assistance. The Executive agrees that during and after his employment by the Affiliated Group, upon request by the Company, the Executive will assist the Affiliated Group in
the defense of any claims, or potential claims that may be made or threatened to be made against any member of the Affiliated Group in any action, suit or proceeding, whether civil, criminal, administrative, investigative or otherwise (a
“Proceeding”), and will assist the Affiliated Group in the prosecution of any claims that may be made by any member of the Affiliated Group in any Proceeding, to the extent that such claims may relate to the Executive’s
Employment or the period of the Executive’s Employment by the Affiliated Group. The Executive agrees, unless precluded by law, to promptly inform the Company if the Executive is asked to participate (or otherwise become involved) in any
Proceeding involving such claims or potential claims. The Executive also agrees, unless precluded by law, to promptly inform the Company if the Executive is asked to assist in any investigation (whether governmental or otherwise) of any member of
the Affiliated Group (or their actions), regardless of whether a lawsuit has then been filed against any member of the Affiliated Group with respect to such investigation. The Company agrees to reimburse the Executive for all of the Executive’s
reasonable out-of-pocket expenses associated with such assistance, including travel expenses and any attorneys’ fees and shall pay a reasonable per diem fee for the Executive’s service. In addition, the Executive agrees to provide such
services as are reasonably requested by the Company to assist any successor to the Executive in the transition of duties and responsibilities to such successor. Any services or assistance contemplated in this Section (e) shall be at mutually
agreed to and convenient times. 

  

	 	(f)	 Remedies. The Executive acknowledges and agrees that the terms of this Exhibit B: (i) are reasonable in geographic and temporal scope, (ii) are
necessary to protect legitimate proprietary and business interests of the Affiliated Group in, inter alia, near permanent customer relationships and confidential information. The Executive further acknowledges and agrees that the Executive’s
breach of the provisions of this Exhibit B will cause the Affiliated Group irreparable harm, which cannot be adequately compensated by money damages. The Executive consents and agrees that the forfeiture provisions contained in this Agreement and
the Investors Agreement are reasonable remedies in the event the Executive commits any such breach. If any of the provisions of this Exhibit B are determined to be wholly or partially unenforceable, the Executive hereby agrees that Exhibit B or any
provision hereof may be reformed so that it is enforceable to 

  

 Annex C - 11 

	 	 
the maximum extent permitted by law. If any of the provisions of this Exhibit B are determined to be wholly or partially unenforceable in any jurisdiction,
such determination shall not be a bar to or in any way diminish the Affiliated Group’s right to enforce any such covenant in any other jurisdiction. 

  

 Annex C - 12 

 Exhibit A to Employment Agreement 
 RELEASE AGREEMENT 
 THIS RELEASE AGREEMENT (the “Release”) is
made as of this [    ] day of [            ], [        ], by and between Freescale Semiconductor, Inc. (the
“Company”), Freescale Holdings GP, Ltd. (the “Parent”), and Richard M. Beyer (the “Executive”). 
  

	1.	 Executive hereby voluntarily, knowingly and willingly releases and forever discharges Parent, the Company, and each of their respective subsidiaries and affiliates,
and each of their respective officers, directors, partners, members, shareholders, employees, attorneys, representatives and agents, and each of their predecessors, successors and assigns (collectively, the “Company Releasees”), from any
and all charges, complaints, claims, promises, agreements, controversies, causes of action and demands of any nature whatsoever which against them Executive or Executive’s executors, administrators, successors or assigns ever had, now have or
hereafter can, shall or may have by reason of any matter, cause or thing whatsoever (a) arising prior to the time Executive signs this Release; (b) arising prior to the time Executive signs this Release out of or relating to
Executive’s employment with the Company, service as a member of the Board or Parent Board or the termination thereof; or (c) arising prior to the time Executive signs this Release out of or relating to (i) the Employment Agreement
between the Company, the Parent and the Executive, dated February 11, 2008, (ii) the Investors Agreement by and among Freescale Holdings L.P., Freescale Holdings (Bermuda) I, Ltd., Freescale Holdings (Bermuda) II, Ltd., Freescale Holdings
(Bermuda) III, Ltd., Freescale Acquisition Holdings Corp., Freescale Holdings (Bermuda) IV, Ltd., Freescale Acquisition Corporation and Certain Freescale Holdings L.P. Investors and certain stockholders of Freescale Holdings (Bermuda) I, Ltd. dated
as of December 1, 2006 (the “Investors Agreement”), (iii) the Amended and Restated Agreement of Exempted Limited Partnership of Freescale Holdings L.P., a Cayman Islands exempted limited partnership, dated February 11, 2008,
as amended from time to time, (iv) the Registration Rights Agreement by and among Freescale Holdings L.P. and Certain Freescale Holdings L.P. Investors, dated as of December 1, 2006, (v) the Freescale Holdings L.P. 2006 Interest Plan,
(vi) the Freescale Holdings L.P. Award Agreement by and between Freescale Holdings L.P., a Cayman Islands limited partnership and Executive, dated [            ]
[    ], 2008, or any other agreement, contract, plan, practice, policy or program of the Company. This Release includes, but is not limited to, any rights or claims arising under any statute, including the Employee Retirement
Income Security Act of 1974, Title VII of the Civil Rights Act of 1991, the Americans with Disabilities Act, the Family and Medical Leave Act, the Fair Labor Standards Act, the federal Age Discrimination in Employment Act of 1967 or any other
foreign, federal, state or local law or judicial decision, including, but not limited to, the Texas Commission on Human Rights Act, the California Fair Employment and Housing Act, the California Family Right Act, California Labor Code section 1400
et seq (CA WARN) and any rights or claims under any policy, agreement, understanding or promise, written or oral, formal or informal, 

  

 Exhibit A - 1 

	 	 
between Executive and any of the Company Releasees. The foregoing Release shall not apply to (i) claims that cannot be released under applicable law,
including, but not limited to, any claim for unpaid wages, workers’ compensation benefits, unemployment benefits and any claims under section 2802 of the California Labor Code; (ii) legally mandated benefits; (iii) vested benefits, if
any, under any equity plan, qualified or nonqualified savings and pension plans in which Executive may have participated during his employment with the Company or its affiliates; (iv) any claim related to indemnification for acts performed
while the Management Representative under the Investors Agreement or while an officer or director of the Company or its affiliates as permitted under applicable law and the bylaws of the Company or its affiliates, as appropriate; or (v) any
claim that may be raised by Executive in his capacity as an equityholder of the Company or its affiliates. Executive represents that Executive has no complaints, charges or lawsuits pending against the Company or any of the Company Releasees.

  

	2.	Executive has a twenty-one (21) day period in which to consider the Release and shall have seven (7) additional days from the date of execution to revoke his consent to
the Release. Any such revocation shall be made in writing so as to be received by the Company prior to the eighth (8th) day following Executive’s execution of this Release. If no such revocation occurs, the Release shall become effective
on the eighth (8th) day following Executive’s execution of this Release. 

  

	3.	This Release shall be governed and construed in accordance with the laws of New York, without reference to the principles of conflicts of law thereof; provided, however, that if
there is a judicial determination that the laws of the State of New York shall not be applicable, the parties agree that this Agreement will be governed by the laws of the State of Texas. 

  

 Exhibit A - 2 

 IN WITNESS WHEREOF, Executive, the Parent and the Company have executed the Release as of the date and
year first written above. 
  

			
	RICHARD M. BEYER
	
	  

	
	FREESCALE SEMICONDUCTOR, INC.
		
	By:	 	  

	Title:	 	  

	
	FREESCALE HOLDINGS GP, LTD.
		
	By:	 	  

	Title:	 	  

  

 Exhibit A - 3Indenture dated as of July 30, 2007 between Coca-Cola Enterprises and Deutsche

 Exhibit 4.4 
  
  
 COCA-COLA ENTERPRISES INC. 
 Issuer

  
  
 INDENTURE 
 Dated as of July 30, 2007

  
  
 DEUTSCHE BANK TRUST COMPANY AMERICAS 
 Trustee, Registrar, Transfer Agent and Paying Agent 
  
  

 

 TABLE OF CONTENTS 
  

			
	 	  	Page
	 ARTICLE I – DEFINITIONS
	  	1
		
	 SECTION 1.01
	  	1
	 Definitions
	  	1
	 Additional Amounts
	  	1
	 Affected Security
	  	2
	 Affiliate
	  	2
	 Authenticating Agent
	  	2
	 Authorized Newspaper
	  	2
	 Bearer Security
	  	2
	 Board of Directors
	  	2
	 Board Resolution
	  	3
	 Business Day
	  	3
	 Code
	  	3
	 Company
	  	3
	 Company Order; Company Request
	  	3
	 Consolidated Net Tangible Assets
	  	3
	 Corporate Trust Office
	  	4
	 Coupon
	  	4
	 Coupon Security
	  	4
	 Currency
	  	4
	 Default
	  	4
	 Defaulted Interest
	  	4
	 Depositary
	  	4
	 Discharged
	  	4
	 EDGAR
	  	5
	 Event of Default
	  	5
	 Exchange Act
	  	5
	 Floating Rate Security
	  	5
	 Foreign Currency
	  	5
	 GAAP
	  	5
	 Global Security
	  	5
	 Indebtedness
	  	5
	 Indenture
	  	5
	 Interest
	  	6
	 Interest Payment Date
	  	6
	 Mandatory Sinking Fund Payment
	  	6
	 Maturity
	  	6
	 Members
	  	6
	 Officer
	  	6
	 Officers’ Certificate
	  	6
	 Opinion of Counsel
	  	6
	 Optional Sinking Fund Payment
	  	7
	 Original Issue Discount Security
	  	7
	 Outstanding
	  	7

			
	 Paying Agent
	  	8
	 Person
	  	8
	 Place of Payment
	  	8
	 Predecessor Security
	  	8
	 Principal Property
	  	8
	 Record Date
	  	8
	 Redemption Date
	  	8
	 Redemption Price
	  	9
	 Register
	  	9
	 Registrar
	  	9
	 Registered Security
	  	9
	 Responsible Officers
	  	9
	 Restricted Subsidiary
	  	9
	 SEC
	  	9
	 Secured Debt
	  	10
	 Securities Act
	  	10
	 Security
	  	10
	 Security Custodian
	  	10
	 Securityholder; holder of Securities; holder; registered holder
	  	10
	 Special Record Date
	  	10
	 Stated Maturity
	  	10
	 Subsidiary
	  	10
	 Successor Company
	  	11
	 Trust Indenture Act; TIA
	  	11
	 Trustee
	  	11
	 U.S. Dollars
	  	11
	 U.S. Government Obligations
	  	11
	 United States
	  	11
	 United States Alien
	  	11
		
	 SECTION 1.02
	  	12
	 Rules of Construction
	  	12
		
	 ARTICLE II – FORMS OF SECURITIES
	  	12
		
	 SECTION 2.01
	  	12
	 Terms and Form of the Securities
	  	12
		
	 SECTION 2.02
	  	13
	 Form of Bearer Security
	  	13
		
	 SECTION 2.03
	  	13
	 Form of Trustee’s Certificate of Authentication
	  	13
		
	 SECTION 2.04
	  	14
	 Form of Trustee’s Certificate of Authentication by an Authenticating Agent
	  	14
		
	 ARTICLE III – THE DEBT SECURITIES
	  	14

  

 ii 

			
	 SECTION 3.01
	  	14
	 Amount Unlimited; Issuable in Series
	  	14
		
	 SECTION 3.02
	  	16
	 Denominations
	  	16
		
	 SECTION 3.03
	  	17
	 Execution, Authentication, Delivery and Dating
	  	17
		
	 SECTION 3.04
	  	20
	 Temporary Securities
	  	20
		
	 SECTION 3.05
	  	21
	 Registrar and Paying Agent
	  	21
		
	 SECTION 3.06
	  	21
	 Transfer and Exchange
	  	21
		
	 SECTION 3.07
	  	26
	 Mutilated, Destroyed, Lost and Stolen Securities
	  	26
		
	 SECTION 3.08
	  	27
	 Payment of Interest; Interest Rights Preserved
	  	27
		
	 SECTION 3.09
	  	29
	 Cancellation
	  	29
		
	 SECTION 3.10
	  	30
	 Computation of Interest
	  	30
		
	 SECTION 3.11
	  	30
	 Currency of Payments in Respect of Securities
	  	30
		
	 SECTION 3.12
	  	30
	 Judgments
	  	30
		
	 SECTION 3.13
	  	31
	 CUSIP and ISIN Numbers
	  	31
		
	 ARTICLE IV – REDEMPTION OF SECURITIES
	  	31
		
	 SECTION 4.01
	  	31
	 Applicability of Right of Redemption
	  	31
		
	 SECTION 4.02
	  	31
	 Tax Redemption; Special Tax Redemption
	  	31
		
	 SECTION 4.03
	  	33
	 Selection of Securities to be Redeemed
	  	33
		
	 SECTION 4.04
	  	34
	 Notice of Redemption
	  	34
		
	 SECTION 4.05
	  	35
	 Deposit of Redemption Price
	  	35

  

 iii 

			
	 SECTION 4.06
	  	35
	 Securities Payable on Redemption Date
	  	35
		
	 SECTION 4.07
	  	36
	 Securities Redeemed in Part
	  	36
		
	 ARTICLE V – SINKING FUNDS
	  	36
		
	 SECTION 5.01
	  	36
	 Applicability of Sinking Fund
	  	36
		
	 SECTION 5.02
	  	36
	 Mandatory Sinking Fund Obligation
	  	36
		
	 SECTION 5.03
	  	37
	 Optional Redemption at Sinking Fund Redemption Price
	  	37
		
	 SECTION 5.04
	  	37
	 Application of Sinking Fund Payment
	  	37
		
	 ARTICLE VI – PARTICULAR COVENANTS OF THE COMPANY
	  	38
		
	 SECTION 6.01
	  	38
	 Payments of Securities
	  	38
		
	 SECTION 6.02
	  	38
	 Payment of Additional Amounts
	  	38
		
	 SECTION 6.03
	  	41
	 Paying Agent
	  	41
		
	 SECTION 6.04
	  	41
	 To Hold Payment in Trust
	  	41
		
	 SECTION 6.05
	  	43
	 Compliance Certificate
	  	43
		
	 SECTION 6.06
	  	43
	 Conditional Waiver by Holders of Securities
	  	43
		
	 SECTION 6.07
	  	43
	 Statement by Officers as to Default
	  	43
		
	 SECTION 6.08
	  	43
	 Restrictions on Liens
	  	43
		
	 SECTION 6.09
	  	45
	 Restrictions on Sale and Leaseback Transactions
	  	45
		
	 SECTION 6.10
	  	46
	 Corporate Existence
	  	46
		
	 SECTION 6.11
	  	46
	 Maintenance of Properties
	  	46
		
	 SECTION 6.12
	  	46

  

 iv 

			
	 Payment of Taxes and Other Claims
	  	46
		
	 ARTICLE VII REMEDIES OF TRUSTEE AND SECURITYHOLDERS
	  	47
		
	 SECTION 7.01
	  	47
	 Events of Default
	  	47
		
	 SECTION 7.02
	  	48
	 Acceleration
	  	48
		
	 SECTION 7.03
	  	49
	 Other Remedies
	  	49
		
	 SECTION 7.04
	  	49
	 Waiver of Past Defaults
	  	49
		
	 SECTION 7.05
	  	49
	 Control by Majority
	  	49
		
	 SECTION 7.06
	  	49
	 Limitation on Suits
	  	49
		
	 SECTION 7.07
	  	50
	 Rights of Holders to Receive Payment
	  	50
		
	 SECTION 7.08
	  	50
	 Collection Suit by Trustee
	  	50
		
	 SECTION 7.09
	  	50
	 Trustee May File Proofs of Claim
	  	50
		
	 SECTION 7.10
	  	50
	 Priorities
	  	50
		
	 SECTION 7.11
	  	51
	 Undertaking for Costs
	  	51
		
	 ARTICLE VIII – CONCERNING THE SECURITY HOLDERS
	  	51
		
	 SECTION 8.01
	  	51
	 Evidence of Action of Securityholders
	  	51
		
	 SECTION 8.02
	  	51
	 Proof of Execution or Holding of Securities
	  	51
		
	 SECTION 8.03
	  	52
	 Persons Deemed Owners
	  	52
		
	 SECTION 8.04
	  	53
	 Revocation of Consents
	  	53
		
	 ARTICLE IX – SECURITYHOLDERS’ MEETINGS
	  	53
		
	 SECTION 9.01
	  	53
	 Purposes of Meetings
	  	53

  

 v 

			
	 SECTION 9.02
	  	54
	 Call of Meetings by Trustee
	  	54
		
	 SECTION 9.03
	  	54
	 Call of Meetings by Company or Securityholders
	  	54
		
	 SECTION 9.04
	  	54
	 Qualifications for Voting
	  	54
		
	 SECTION 9.05
	  	54
	 Regulation of Meetings
	  	54
		
	 SECTION 9.06
	  	55
	 Voting
	  	55
		
	 SECTION 9.07
	  	55
	 No Delay of Rights by Meeting
	  	55
		
	 ARTICLE X – REPORTS BY THE COMPANY AND THE TRUSTEE AND SECURITYHOLDERS’
	  	55
		
	 SECTION 10.01
	  	55
	 Reports by Trustee
	  	55
		
	 SECTION 10.02
	  	56
	 Reports by the Company
	  	56
		
	 SECTION 10.03
	  	57
	 Securityholders’ Lists
	  	57
		
	 ARTICLE XI – CONCERNING THE TRUSTEE
	  	57
		
	 SECTION 11.01
	  	57
	 Rights of Trustees; Compensation and Indemnity
	  	57
		
	 SECTION 11.02
	  	60
	 Duties of Trustee
	  	60
		
	 SECTION 11.03
	  	61
	 Notice of Defaults
	  	61
		
	 SECTION 11.04
	  	61
	 Eligibility; Disqualification
	  	61
		
	 SECTION 11.05
	  	62
	 Registration and Notice; Removal
	  	62
		
	 SECTION 11.06
	  	62
	 Successor Trustee by Appointment
	  	62
		
	 SECTION 11.07
	  	64
	 Successor Trustee by Merger
	  	64

  

 vi 

			
	 SECTION 11.08
	  	64
	 Right to Rely on Officer’s Certificate
	  	64
		
	 SECTION 11.09
	  	64
	 Appointment of Authenticating Agent
	  	64
		
	 SECTION 11.10
	  	64
	 Communications by Holders with Other Holders
	  	64
		
	 ARTICLE XII – SATISFACTION AND DISCHARGE; DEFEASANCE
	  	65
		
	 SECTION 12.01
	  	65
	 Applicability of Article
	  	65
		
	 SECTION 12.02
	  	65
	 Satisfaction and Discharge of Indenture
	  	65
		
	 SECTION 12.03
	  	66
	 Defeasance upon Deposit of Moneys or U.S Government Obligations
	  	66
		
	 SECTION 12.04
	  	67
	 Repayment to Company
	  	67
		
	 SECTION 12.05
	  	68
	 Indemnity for U.S. Government Obligations
	  	68
		
	 SECTION 12.06
	  	68
	 Deposits to Be Held in Escrow
	  	68
		
	 SECTION 12.07
	  	68
	 Application of Trust Money
	  	68
		
	 SECTION 12.08
	  	69
	 Deposits of Non-U.S. Currencies
	  	69
		
	 ARTICLE XIII – IMMUNITY OF CERTAIN PERSONS
	  	69
		
	 SECTION 13.01
	  	69
	 No Personal Liability
	  	69
		
	 ARTICLE XIV – SUPPLEMENTAL INDENTURES
	  	70
		
	 SECTION 14.01
	  	70
	 Without Consent of Holders
	  	70
		
	 SECTION 14.02
	  	71
	 With Consent of Holders; Limitations
	  	71
		
	 SECTION 14.03
	  	73
	 Trustee Protected
	  	73
		
	 SECTION 14.04
	  	73
	 Effect of Execution of Supplemental Indenture
	  	73
		
	 SECTION 14.05
	  	73
	 Notation on or Exchange of Securities
	  	73

  

 vii 

			
	 SECTION 14.06
	  	74
	 Conformity with TIA
	  	74
		
	 ARTICLE XV – MISCELLANEOUS PROVISIONS
	  	74
		
	 SECTION 15.01
	  	74
	 Consolidation, Merger, Sale or Lease
	  	74
		
	 SECTION 15.02
	  	74
	 Certificates and Opinions as to Conditions Precedent
	  	74
		
	 SECTION 15.03
	  	75
	 Trust Indenture Act Controls
	  	75
		
	 SECTION 15.04
	  	75
	 What Constitutes Action by Board of Directors
	  	75
		
	 SECTION 15.05
	  	76
	 Notices to the Company and Trustee
	  	76
		
	 SECTION 15.06
	  	76
	 Notices to Holders; Waiver
	  	76
		
	 SECTION 15.07
	  	77
	 Legal Holiday
	  	77
		
	 SECTION 15.08
	  	77
	 Effects of Headings and Table of Contents
	  	77
		
	 SECTION 15.09
	  	77
	 Successors and Assigns
	  	77
		
	 SECTION 15.10
	  	77
	 Separability Clause
	  	77
		
	 SECTION 15.11
	  	77
	 Benefits of Indenture
	  	77
		
	 SECTION 15.12
	  	77
	 Counterparts Originals
	  	77
		
	 SECTION 15.13
	  	77
	 Governing Law and Choice of Forum
	  	77

  

 viii 

 INDENTURE dated as of July 30, 2007, by and between Coca-Cola Enterprises Inc., a corporation
organized and existing under the laws of the State of Delaware (the “Company”), and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (the “Trustee”), Registrar, Transfer Agent and Paying Agent.

 WITNESSETH: 
 WHEREAS, the
Company is authorized and empowered to borrow money for its purposes and to issue its bonds, debentures, notes and other obligations for money so borrowed; 
 WHEREAS, the Company has duly authorized the issue, in one or more series as in this Indenture provided, from time to time of its debt securities (the “Securities”) and, to provide the general terms and
conditions upon which the Securities are to be authenticated, issued and delivered, the Company has duly authorized the execution and delivery of this Indenture; 
 WHEREAS, the Trustee has power to enter into this Indenture and to accept and execute the trust herein created; 
 WHEREAS, the Company represents that all acts and things necessary to make the Securities, when executed by the Company and authenticated and delivered by the Trustee as in this Indenture provided, and issued, the valid, binding and legal
obligation of the Company, will, at the time of such execution, authentication and delivery, have been done and performed, that all acts and things necessary to constitute a valid indenture and agreement according to its terms, have been done and
performed, that the execution of this Indenture has in all respects been duly authorized and that the issue hereunder of the Securities will, at the time of the issue thereof, have in all respects been duly authorized, and the Company, in the
exercise of each and every legal right and power in it vested, executes this Indenture and proposes to make, execute, issue, and deliver the Securities; 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 That, for the benefit of the other parties and for the equal and
proportionate benefit of all of the present and future holders of the Securities, each party agrees and covenants as follows: 
 ARTICLE I

 DEFINITIONS 
 SECTION 1.01.
Definitions. 
 (a) Unless otherwise defined in this Indenture or the context otherwise requires, all terms used herein shall have the
meanings assigned to them in the Trust Indenture Act. 
 (b) Unless the context otherwise requires, the terms defined in this
Section 1.01(b) shall for all purposes of this Indenture have the meanings hereinafter set forth, the following definitions to be equally applicable to both the singular and the plural forms of any of the terms herein defined: 
 Additional Amounts: 
 The term “Additional
Amounts” shall mean any additional amounts which are required by a Security or by or pursuant to a Board Resolution, under circumstances specified therein, to be paid by the Company in respect of certain taxes imposed on certain Holders and
which are owing to such Holders. 
  

 Affected Security: 
 The term “Affected Security” shall have the meaning specified in Section 4.02(b). 
 Affiliate:

 The term “Affiliate,” with respect to any specified Person shall mean any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 Authenticating Agent: 
 The term “Authenticating
Agent” shall have the meaning assigned to it in Section 11.09. 
 Authorized Newspaper: 
 The term “Authorized Newspaper” shall mean a newspaper in an official language of the country of publication customarily published at least once
a day, and customarily published for at least five days in each calendar week, and of general circulation in such city or cities specified pursuant to Section 3.01 with respect to the Securities of any series. Where successive publications are
required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any Business Day in such city. 
 Bearer Security: 
 The term “Bearer
Security” shall mean any Security (with or without Coupons), title to which passes by delivery only, but does not include any Coupons. 
 Board of
Directors: 
 The term “Board of Directors” shall mean either the board of directors (or comparable managing group) of the
Company, or the executive or any other committee of that board duly authorized to act in respect hereof. 
  

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 Board Resolution: 
 The term “Board Resolution” shall mean a copy of a resolution or resolutions certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors (or by the
Finance Committee of the Board of Directors or any other committee of the Board of Directors or committee of officers or other representatives of the Company, to the extent that any such other committee or committees have been authorized by the
Board of Directors to establish or approve the matters contemplated) and to be in full force and effect on the date of such certification and delivered to the Trustee. 
 Business Day: 
 The term “Business Day,” when used with respect to any Place of Payment or
any other particular location referred to in this Indenture or in the Securities, shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment or other location are
authorized or obligated by law or executive order to close. 
 Code: 
 The term “Code” shall mean the Internal Revenue Code of 1986 as in effect on the date hereof. 
 Company:

 The term “Company” shall mean Coca-Cola Enterprises Inc., a corporation organized and existing under the laws of the State of
Delaware, and, subject to the provisions of Section 15.01, shall also include its successors and assigns. 
 Company Order; Company Request:

 The term “Company Order” or “Company Request” shall mean, respectively, a written order or request signed in the name
of the Company by the Chairman, the President or a Vice President (any reference to a Vice President of the Company herein shall be deemed to include any Vice President of the Company whether or not designated by a number or word or words and before
or after the title “Vice President”), and by the Treasurer, an Assistant Treasurer, the Controller, an Assistant Controller, the Secretary or an Assistant Secretary of the Company, and delivered to the Trustee. 
 Consolidated Net Tangible Assets: 
 The term
“Consolidated Net Tangible Assets” means the total assets of the Company and its Restricted Subsidiaries (including, without limitation, any net investment in Subsidiaries that are not Restricted Subsidiaries) after deducting therefrom
(a) all current liabilities (excluding any thereof constituting Indebtedness) and (b) all goodwill, trade names, trademarks, franchises, patents, unamortized debt discount and expense, organization and developmental expenses and other like
segregated intangibles, all as computed by the Company and its Restricted Subsidiaries in accordance with generally accepted accounting principles as of the end of the fiscal year preceding the date of determination; provided, that any items
constituting deferred income taxes, deferred investment tax credit or other similar items shall not be taken into account as a liability or as a deduction from or adjustment to total assets. 
  

 3 

 Corporate Trust Office: 
 The term “Corporate Trust Office,” or other similar term, shall mean the principal office
of the Trustee in the Borough of Manhattan, The City of New York, at which at any particular time its corporate trust business shall be administered, which office at the date hereof is located at 60 Wall Street, 27th Floor, New York, New
York 10005, Attention: Global Transaction Banking Trust and Securities Services. Fax (732)380-2345, or such other address as the Trustee may designate from time to time by notice to the holders, the Company or the principal corporate trust officer
of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the holders or the Company). 
 Coupon: 
 The term “Coupon” shall mean any interest coupon appertaining to any Bearer Security. 
 Coupon Security: 
 The term “Coupon
Security” shall mean any Bearer Security authenticated and delivered with one or more Coupons appertaining thereto. 
 Currency: 
 The term “Currency” shall mean U.S. Dollars or Foreign Currency. 
 Default: 
 The term “Default” shall have the meaning assigned to it in Section 11.03.

 Defaulted Interest: 
 The term
“Defaulted Interest” shall have the same meaning assigned to it in Section 3.08(e). 
 Depositary: 
 The term “Depositary” shall mean, with respect to the Securities of any series issuable in whole or in part in the form of one or more Global
Securities, the Person designated as Depositary by the Company pursuant to Section 3.01 until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall
mean or include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall mean the Depositary with respect to the
Securities of that series. 
 Discharged: 
 The term “Discharged” shall have the meaning assigned to it in Section 12.03. 
  

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 EDGAR: 
 The term “EDGAR” shall mean the SEC’s Electronic Data Gathering and Retrieval system. 
 Event of Default: 
 The term “Event of Default” shall have the meaning specified in Section 7.01. 
 Exchange Act: 
 The term “Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended. 
 Floating Rate Security: 
 The term “Floating Rate Security” shall mean a Security that provides for the payment of interest at a variable rate determined periodically by
reference to an interest rate index specified pursuant to Section 3.01. 
 Foreign Currency: 
 The term “Foreign Currency” shall mean a currency issued by the government of any country other than the United States or a composite currency,
the value of which is determined by reference to the values of the currencies of any group of countries. 
 GAAP: 
 The term “GAAP”, with respect to any computation required or permitted hereunder, shall mean generally accepted accounting principles in effect
in the United States of America which are applicable at the date of such computation and which are consistently applied for all applicable periods. 
 Global Security: 
 The term “Global Security” shall mean any Registered or Bearer Security evidencing all or part
of a series of Securities, issued in fully-registered certificated form to the Depositary for such series in accordance with Section 3.03 and bearing the legend prescribed in Section 3.03(g). 
 Indebtedness: 
 The term “Indebtedness”
shall mean any and all obligations of a Person for money borrowed which, in accordance with GAAP, would be reflected on the balance sheet of such Person as a liability on the date as of which Indebtedness is to be determined. 
 Indenture: 
 The term “Indenture” or
“this Indenture” shall mean this instrument and all indentures supplemental thereto. 
  

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 Interest: 
 The term “interest” shall mean, with respect to an Original Issue Discount Security that by its terms bears interest only after Maturity, interest payable after Maturity, and, when used with respect to a Bearer Security, includes
any Additional Amounts payable on such Bearer Security pursuant to Section 4.02 and 6.02. 
 Interest Payment Date: 
 The term “Interest Payment Date” shall mean, with respect to any Security, the Stated Maturity of an installment of interest on such Security.

 Mandatory Sinking Fund Payment: 
 The
term “Mandatory Sinking Fund Payment” shall have the meaning assigned to it in Section 5.01. 
 Maturity: 
 The term “Maturity,” with respect to any Security, shall mean the date on which the principal of such Security shall become due and payable as
therein and herein provided, whether by declaration, call for redemption or otherwise. 
 Members: 
 The term “Members” shall have the meaning assigned to it in Section 3.03(i). 
 Officer: 
 The term “Officer” shall mean the President, any Vice President, the Chief
Financial Officer, the Treasurer or the Secretary of the Company. 
 Officers’ Certificate: 
 The term “Officers’ Certificate” shall mean a certificate signed by two Officers, one of whom shall be the President, the Treasurer, or a
Vice President of the Company and, in each case, delivered to the Trustee. Each such certificate shall include the statements provided for in Section 15.02 if and to the extent required by the provisions of such Section. 
 Opinion of Counsel: 
 The term “Opinion of
Counsel” shall mean an opinion in writing signed by legal counsel, who may be an employee of or of counsel to the Company, or may be other counsel, which opinion shall be satisfactory to the Trustee. Each such opinion shall include the
statements provided for in Section 15.02 if and to the extent required by the provisions of such Section. 
  

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 Optional Sinking Fund Payment: 
 The term “Optional Sinking Fund Payment” shall have the meaning assigned to it in Section 5.01. 
 Original
Issue Discount Security: 
 The term “Original Issue Discount Security” shall mean any Security that is issued with
“original issue discount” within the meaning of Section 1273(a) of the Code and the regulations thereunder and any other Security designated by the Company as issued with original issue discount for United States federal income tax
purposes. 
 Outstanding: 
 The term
“Outstanding,” when used with respect to Securities shall mean, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (i) Securities theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
 (ii) Securities or portions thereof for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any
Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the holders of such Securities or from its obligations with respect to which the Company shall
have been Discharged; provided, however, that if such Securities or portions thereof 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; and

 (iii) Securities that have been paid pursuant to Section 3.07 or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a protected purchaser in whose hands
such Securities are valid obligations of the Company; 
 provided, however, that in determining whether the holders of the requisite principal amount of
Securities Outstanding have performed any action hereunder, Securities owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor shall be disregarded and deemed not to be Outstanding,
except that, in determining whether the Trustee shall be protected in relying upon any such action, only Securities that a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Securities so owned that have been pledged in
good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities
or any Affiliate of the Company or of such other obligor. In determining whether the holders of the requisite principal amount of Outstanding Securities have performed any action hereunder, the principal amount of an Original Issue Discount Security
that shall be deemed to be Outstanding for such purpose shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to
Section 7.02 and the principal amount of a Security denominated in a Foreign Currency that shall be deemed to be Outstanding for such purpose shall be the amount calculated pursuant to Section 3.11(c). 
  

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 Paying Agent: 
 The term “Paying Agent” shall mean any Person authorized by the Company to pay the principal of and premium, if any, or interest on any Securities or to pay Coupons on behalf of the Company. 
 Person: 
 The term “Person” shall mean an
individual, a corporation, a limited liability company, a partnership, an association, a joint stock company, a trust, an unincorporated organization or a government or an agency or political subdivision thereof. 
 Place of Payment: 
 The term “Place of
Payment” shall mean, when used with respect to the Securities of any series, the place or places where the principal of and premium, if any, and interest on the Securities of that series are payable as specified pursuant to Section 3.01.

 Predecessor Security: 
 The term
“Predecessor Security” shall mean, with respect to any Security, every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security, and, for the purposes of this definition, any Security
authenticated and delivered under Section 3.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security. 
 Principal Property: 
 The term “Principal Property” shall mean each bottling plant or
facility of the Company or a Restricted Subsidiary located within the United States of America (other than its territories and possessions) or Puerto Rico; except any such bottling plant or facility which the Board of Directors of the Company by
resolution reasonably determines not to be of material importance to the total business conducted by the Company and its Restricted Subsidiaries. 
 Record Date: 
 The term “Record Date” shall mean, with respect to any interest payable on any Registered Security
on any Interest Payment Date, the close of business of the Corporate Trust Office of the Trustee on the date specified in such Registered Security for the payment of interest pursuant to Section 3.01. 
 Redemption Date: 
 The term “Redemption
Date” shall mean, when used with respect to any Security to be redeemed, in whole or in part, the date fixed for such redemption by or pursuant to this Indenture and the terms of such Security, which, in the case of a Floating Rate Security,
unless otherwise specified pursuant to Section 3.01, shall be an Interest Payment Date only. 
  

 8 

 Redemption Price: 
 The term “Redemption Price” shall mean, in the case of an Original Issue Discount Security, the amount of the principal and interest that would be due and payable as of the Redemption Date upon a declaration
of acceleration of the Maturity thereof pursuant to Section 7.02 and, in the case of any other Security, the principal amount thereof, plus, in each case, premium, if any, and accrued and unpaid interest, if any, to the Redemption Date.

 Register: 
 The term
“Register” shall have the meaning assigned to it in Section 3.05(a). 
 Registrar: 
 The term “Registrar” shall have the meaning assigned to it in Section 3.05(a). 
 Registered Security: 
 The term “Registered
Security” shall mean any Security registered as to principal and interest in the Register. 
 Responsible Officers: 
 The term “Responsible Officers” of the Trustee hereunder shall mean any director, vice president, any assistant vice president, any assistant
secretary, any assistant treasurer, any trust officer, any assistant trust officer or any other officer associated with the Corporate Trust Office 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 such person’s knowledge of and familiarity with the particular subject and, in the case of any
such officer, who shall have direct responsibility for the administration of this Indenture. 
 Restricted Subsidiary: 
 The term “Restricted Subsidiary” shall mean any Subsidiary 
 (i) substantially all of the property of which is located, or substantially all of the business of which is carried on, within the fifty states of the United States of America, the District of Columbia, or Puerto
Rico, and 
 (ii) which owns or is the lessee of any Principal Property. 
 SEC: 
 The term “SEC” shall mean the U.S. Securities and Exchange Commission. 
  

 9 

 Secured Debt: 
 The term “Secured Debt” shall have the meaning assigned to it in Section 6.08. 
 Securities Act: 
 The term “Securities Act” shall mean the Securities Act of 1933, as amended. 
 Security: 
 The term “Security” shall mean one of the Securities duly authenticated by the
Trustee and delivered pursuant to the provisions of this Indenture. 
 Security Custodian: 
 The term “Security Custodian” as of the date hereof shall mean Deutsche Bank Trust Company Americas. 
 Securityholder; holder of Securities; holder; registered holder: 
 The term “Securityholder” or “holder of Securities” or “holder” or “Holder” or “registered holder,” with respect to a Registered Security, shall mean the Person in
whose name such Securities shall be registered in the Register kept for that purpose hereunder and, with respect to a Bearer Security or Coupon, the bearer thereof. 
 Special Record Date: 
 The term “Special Record Date” shall have the meaning assigned to it
in Section 3.08(e)(i). 
 Stated Maturity: 
 The term “Stated Maturity” when used with respect to any Security or any installment of interest thereon, shall mean the date specified in such Security or the Coupons, if any, as the fixed date on which the principal (or any
portion thereof) of or premium, if any, on such Security or such installment of interest is due and payable. 
 Subsidiary: 
 The term “Subsidiary,” when used with respect to any Person, shall mean any corporation or other entity of which a majority of (a) the
voting power of the voting equity securities or (b) in the case of a partnership or any other entity other than a corporation, the outstanding equity interests of which are owned, directly or indirectly, by such Person. For the purposes of this
definition, “voting equity securities” means equity securities having voting power for the election of directors, whether at all times or only so long as no senior class of securities has such voting power by reason of any contingency.

  

 10 

 Successor Company: 
 The term “Successor Company” shall have the meaning assigned to it in Section 3.06(j). 
 Trust Indenture
Act; TIA: 
 The term “Trust Indenture Act” or “TIA” shall mean the Trust Indenture Act of 1939, as amended, except as
otherwise provided in this Indenture. 
 Trustee: 
 The term “Trustee” shall mean the trustee hereunder for the time being, whether original or successor, and if at any time there is more than one such trustee, “Trustee” as used with respect to the Securities of any
series shall mean the trustee with respect to Securities of that series. 
 U.S. Dollars: 
 The term “U.S. Dollars” shall mean such currency of the United States of America as at the time of payment shall be legal tender for the payment
of public and private debts. 
 U.S. Government Obligations: 
 The term “U.S. Government Obligations” shall mean either (i) direct obligations of the United States of America or (ii) obligations of a Person controlled or supervised by and acting as an agency
or instrumentality of the United States of America, the payment of which is unconditionally guaranteed by the full faith and credit of the United States of America. 
 United States: 
 The term “United States” shall mean the United States of America (including
the States and the District of Columbia), its territories and its possessions and other areas subject to its jurisdiction. 
 United States Alien:

 The term “United States Alien” shall mean any Person that is not, for United States federal income tax purposes, (i) an
individual citizen or resident of the United States, (ii) a corporation or other entity treated as a corporation for United States federal income tax purposes, created or organized in or under the laws of the United States or of any political
subdivision thereof, (iii) a trust (a) subject to the control of one or more United States persons and the primary supervision of a court in the United States, or (b) that has made a valid election (under applicable Treasury
Regulations) to be treated as a United States person, or (iv) an estate the income of which is subject to United States federal income taxation regardless of its source. 
  

 11 

 Certain other terms, relating principally to provisions included in this Indenture in compliance with the
Trust Indenture Act, are defined in Article Eleven. 
 SECTION 1.02. Rules of Construction. Unless the context otherwise requires:

 (a) a term has the meaning assigned to it; 
 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 
 (c)
“or” is not exclusive; 
 (d) “including” means including without limitation; 
 (e) words in the singular include the plural, and in the plural include the singular; 
 (f) “will” shall be interpreted to express a command; 
 (g) provisions apply to successive events and transactions; 
 (h) references to sections of, or rules under,
the Securities Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; 
 (i) unless the context otherwise requires, any reference to an “Article,” “Section” or “clause” refers to an Article, Section or clause, as the case may be, of this Indenture; and 
 (j) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and
not any particular Article, Section, clause or other subdivision. 
 ARTICLE II 
 FORMS OF SECURITIES 
 SECTION 2.01. Terms and Form of the Securities.

 (a) Securities and the Coupons, if any, of each series shall be substantially in one of the forms established by or pursuant to a Board
Resolution and set forth in an Officers’ Certificate or in one or more indentures supplemental hereto, and shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and
may have such letters, numbers or other marks of identification or designation and such legends or endorsements placed thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be
required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange on which any series of the Securities may be listed or of any automated quotation system 

  

 12 

 
on which any such series may be quoted, or to conform to usage, all as determined by the officers executing such Securities and Coupons as conclusively
evidenced by their execution of such Securities and Coupons. If the form of a series of Securities is established in or pursuant to a Board Resolution, a copy of such Board Resolution shall be delivered to the Trustee at or prior to the delivery of
the Officers’ Certificate setting forth the form of such series. 
 (b) The terms and provisions of the Securities shall constitute, and
are hereby expressly made, a part of this Indenture, and, to the extent applicable, the Company, and the Trustee, by their execution and delivery of this Indenture expressly agree to such terms and provisions and to be bound thereby. 
 (c) The definitive Securities and Coupons, if any, of each series shall be printed, lithographed or engraved or produced by any combination of these
methods on steel engraved borders or may be produced in any other manner, provided that such manner is permitted by the rules of any securities exchange on which such series of Securities may be listed, all as determined by the Officers executing
such Securities and Coupons, as conclusively evidenced by their execution of such Securities and Coupons. 
 SECTION 2.02. Form of Bearer
Security. Each Bearer Security and Coupon shall bear a legend substantially to the following effect: 
 “Any United States Person who
holds this obligation will be subject to limitations under the United States income tax laws, including the limitations provided in Sections 165(j) and 1287(a) of the Internal Revenue Code.” 
 SECTION 2.03. Form of Trustee’s Certificate of Authentication. 
 (a) Only such of the Securities as shall bear thereon a certificate substantially in the form of the Trustee’s certificate of authentication hereinafter recited, executed by the Trustee by manual signature, shall
be valid or become obligatory for any purpose or entitle the holder thereof to any right or benefit under this Indenture, and the certificate of authentication by the Trustee upon any such Security executed on behalf of the Company as aforesaid
shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder thereof is entitled to the benefits of this Indenture. 
 (b) Each Security shall be dated the date of its authentication, except that any Global Security shall be dated as of the date specified as contemplated
in Section 3.01. 
 (c) The form of the Trustee’s certificate of authentication to be borne by the Securities shall be
substantially as follows: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities issued referred to in the within-mentioned Indenture. 
  

			
	Deutsche Bank Trust Company Americas, as Trustee
		
	By:	 	  

		 	 Authorized Signatory

  

 13 

 SECTION 2.04. Form of Trustee’s Certificate of Authentication by an Authenticating Agent. If
at any time there shall be an Authenticating Agent appointed with respect to any series of Securities, then the Trustee’s Certificate of Authentication by such Authenticating Agent to be borne by Securities of each such series shall be
substantially as follows: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities issued referred to in the within-mentioned Indenture. 
  

			
	Deutsche Bank Trust Company Americas, as Trustee
		
	By:	 	  

		 	 Authorized Signatory

 ARTICLE III 
 THE DEBT SECURITIES 
 SECTION 3.01. Amount Unlimited; Issuable in Series. The aggregate principal
amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series. There shall be established by or pursuant to a Board Resolution of the Company, and set forth in an
Officers’ Certificate of the Company, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series: 
 (a) the title of the Securities of the series (which shall distinguish the Securities of such series from the Securities of all other series, except to the extent that additional Securities of an existing series are
being issued); 
 (b) any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered
under this Indenture (except for Securities authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to Section 3.04, 3.06, 3.07, 4.07, or 14.05); 
 (c) the dates on which or periods during which the Securities of the series may be issued, and the dates on, or the range of dates within, which the
principal of and premium, if any, on the Securities and Coupons, if any, of such series are or may be payable; 
 (d) the rate or rates at
which the Securities of the series shall bear interest, if any, or the method by which such rate or rates shall be determined, the date or dates from which such interest shall accrue, or the method by which such date or dates shall be determined,
the Interest Payment Dates on which any such interest shall be payable, and, in the case of Registered Securities, the Record Dates for the determination of holders to whom interest is payable on such Interest Payment Dates; 
  

 14 

 (e) if other than U.S. Dollars, the Currency in which Securities of the series shall be denominated or in
which payment of the principal of, premium, if any, or interest on the Securities of the series shall be payable and any other terms concerning such payment; 
 (f) if the amount of payment of principal of, premium, if any, or interest on the Securities of the series may be determined with reference to an index, formula or other method including, but not limited to, an index
based on a Currency or Currencies other than that in which the Securities are stated to be payable, the manner in which such amounts shall be determined; 
 (g) if the principal of, premium, if any, or interest on Securities of the series are to be payable, at the election of the Company or a holder thereof, in a Currency other than that in which the Securities are
denominated or stated to be payable without such election, the period or periods within which, and the terms and conditions upon which such election may be made and the time and the manner of determining the exchange rate between the Currency in
which the Securities are denominated or payable without such election and the Currency in which the Securities are to be paid if such election is made; 
 (h) the place or places, if any, in addition to or instead of the Corporate Trust Office of the Trustee (in the case of Registered Securities) or the principal London office of the Paying Agent (in the case of Bearer
Securities) where the principal of, premium, if any, and interest on Securities of the series shall be payable; 
 (i) the price or prices at
which, the period or periods within which or the date or dates on which, and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option;

 (j) the obligation, if any, of the Company to redeem, purchase or repay Securities of the series pursuant to any sinking fund or analogous
provisions or at the option of a holder thereof and the price or prices at which, the period or periods within which or the date or dates on which, and the terms and conditions upon which Securities of the series shall be redeemed, purchased or
repaid, in whole or in part, pursuant to such obligation; 
 (k) if other than denominations of $1,000 for registered securities, or $5,000
for bearer securities, or any integral multiple thereof, the denominations in which Securities of the series shall be issuable; 
 (l) if
other than the principal amount thereof, the portion of the principal amount of the Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 7.02; 
 (m) whether the Securities of the series are to be issued as Original Issue Discount Securities and the amount of discount with which such Securities may
be issued; 
 (n) provisions, if any, for the defeasance of Securities of the series; 
 (o) whether the Securities of the series are to be issued in whole or in part in the form of one or more Global Securities and, in such case, the
Depositary for such Global Security or Securities and the terms and conditions, if any, upon which interests in such Global Security or Securities may be exchanged in whole or in part for the individual Securities represented thereby; 
  

 15 

 (p) whether Securities of the series are to be issued as Registered Securities or Bearer Securities or
both, and, if Bearer Securities are issued, whether Coupons will be attached thereto, whether Bearer Securities of the series may be exchanged for Registered Securities of the series and the circumstances under which and the places at which any such
exchanges, if permitted, may be made; 
 (q) if any Securities of the series are to be issued as Bearer Securities or as one or more Global
Securities representing individual Bearer Securities of the series, (i) whether the provisions of Sections 4.02 and 6.02 or other provisions for tax redemption or payment of Additional Amounts shall apply and, if other provisions shall apply,
such other provisions; (ii) whether interest in respect of any portion of a temporary Bearer Security of the series (delivered pursuant to Section 3.04) payable in respect of any Interest Payment Date prior to the exchange of such
temporary Bearer Security for definitive Bearer Securities of the series shall be paid to any clearing organization with respect to the portion of such temporary Bearer Security held for its account and, in such event, the terms and conditions
(including any certification requirements) upon which any such interest payment received by a clearing organization will be credited to the Persons entitled to interest payable on such Interest Payment Date; and (iii) the terms upon which a
temporary Bearer Security may be exchanged for one or more definitive Bearer Securities of the series; 
 (r) the date as of which any Global
Security of the series shall be dated if other than the original issuance of the first Security of the series to be issued; 
 (s) whether
the Securities will be listed on any securities exchange; and 
 (t) any other terms of the Securities of the series, including Events of
Default and/or additional covenants of the Company (which terms shall not be inconsistent with the requirements of the Trust Indenture Act or the provisions of this Indenture). 
 All Securities of any one series and the Coupons, if any, appertaining thereto shall be substantially identical, except as to denomination and except as may otherwise be provided by or pursuant to such Board
Resolution, and set forth in such Officers’ Certificate, or in any such indenture supplemental hereto. If any of the terms of a series of Securities are established by action taken to a Board Resolution, a copy of such Board Resolution shall be
delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of such series. All Securities of any one series need not be issued at the same time, and, unless otherwise provided, a series may be
reopened for issuances of additional Securities of such series. 
 SECTION 3.02. Denominations. In the absence of any specification
pursuant to Section 3.01 with respect to Securities of any series, the Securities of such series shall be issuable only as Registered Securities in denominations of any integral multiple of $1,000, or as Bearer Securities in denominations of
integral multiples of $5,000, and shall be payable only in U.S. Dollars. 
  

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 SECTION 3.03. Execution, Authentication, Delivery and Dating. 
 (a) The Securities and the Coupons, if any, shall be executed in the name and on behalf of the Company by the manual or facsimile signature of its
Chairman of the Board of Directors, its President, its Chief Financial Officer or its Treasurer or one of its Vice Presidents, which shall be attested by the manual or facsimile signature of its Secretary or one of its Assistant Secretaries. If the
Person whose signature is on a Security or Coupon, if any, no longer holds that office at the time the Security or Coupon, if any, is authenticated and delivered, the Security and Coupon, if any, shall nevertheless be valid. 
 (b) At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities, with appropriate Coupons,
if any, of any series, executed by the Company, to the Trustee for authentication, together with a Company Order for the authentication and delivery of such Securities and Coupons. The Trustee shall thereupon authenticate and deliver such Securities
and Coupons without any further action by the Company. The Company Order shall specify the amount of the Securities (and Coupons) to be authenticated and the date on which the original issue of Securities (and Coupons) is to be authenticated.

 (c) In authenticating the first Securities and Coupons, if any, of any series and accepting the additional responsibilities under this
Indenture in relation to such Securities and Coupons, if any, the Trustee shall receive, and (subject to Section 11.02) shall be fully protected in relying upon: 
 (i) the supplemental indenture or Board Resolution relating thereto and, if applicable, an appropriate record of any action taken pursuant
to such supplemental indenture or resolution, certified by the Secretary or an Assistant Secretary of the Company; 
 (ii) an
Officers’ Certificate of the Company as to the absence of any event that is, or after notice or lapse of time or both would become, an Event of Default; and 
 (iii) an Opinion of Counsel prepared in accordance with Section 15.02, which shall state: 
 (A) that the form and terms of such Securities have been established by or pursuant to one or more Board Resolutions, by a supplemental
indenture as permitted by Section 14.01(m), or by both such resolution or resolutions and such supplemental indenture, in conformity with the provisions of this Indenture; 
 (B) that the supplemental indenture, if any, when executed and delivered by the Company and the Trustee, will constitute a valid and
legally binding and enforceable obligation of each of the Company; 
 (C) that such Securities, when authenticated and
delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding and enforceable obligations of the Company, enforceable in accordance with
their terms, and will be entitled to the benefits of this Indenture; 
  

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 (D) that the Company has the corporate power to issue the Securities, and has duly taken
all necessary action with respect to such issuance; 
 (E) that the issuance of the Securities will not contravene the
certificate of incorporation or By-laws (or comparable governing documents) of the Company or result in any violation of any of the terms or provisions of any law or regulation or of any indenture, mortgage or other agreement by which the Company is
bound and, with respect to the Company, under which long-term debt of the Company as reflected in its latest financial statements on file with the SEC is outstanding; 
 (F) that all requirements of the Indenture applicable to the Company in respect of the execution and delivery by the Company of the
Securities and of such supplemental indenture, if any, have been complied with and, that assuming (a) all requisite corporate authorization on the part of the Trustee, (b) continued compliance by the Trustee with the terms of the Indenture
specifically applicable to the Trustee, and (c) due authentication and delivery of the Securities by the Trustee, the execution and delivery of such supplemental indenture, if any, will not violate the terms of this Indenture, and that, other
than compliance with federal and state securities laws, no authorization, approval or consent by any regulatory or statutory or other public authority is required in connection with the execution and delivery of such supplemental indenture or for
the creation, issuance, authentication and delivery of the Securities pursuant to the Indenture; 
 (G) all conditions
precedent provided for in the Indenture (including any covenants compliance with which constitutes a condition precedent) to the Trustee’s authentication and delivery of the Securities have been complied with; and 
 (H) the amount of Securities Outstanding of such series, together with the amount of such Securities, does not exceed any limit
established under the terms of this Indenture on the amount of Securities of such series that may be authenticated and delivered. 
 (d) The
Trustee shall have the right to decline to authenticate and deliver the Securities under this Section if the issue of the Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and
this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 (e) Each Security shall be dated the date of
its authentication, except as otherwise provided pursuant to Section 3.01 with respect to the Securities of such series. 
 (f)
Notwithstanding the provisions of Section 3.01 and of this Section 3.03, if all of the Securities of any series are not to be originally issued at the same time, then the documents required to be delivered pursuant to this
Section 3.03 must be delivered only once, prior to the authentication and delivery of the first Security of such series; provided, however, that any subsequent request by the Company to the Trustee to authenticate Securities of such series upon

  

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original issuance shall constitute a representation and warranty by the Company that, as of the date of such request, the statements made in any
Officers’ Certificate delivered pursuant to this Section 3.03 shall be true and correct as if made on such date. 
 (g) If the
Company shall establish pursuant to Section 3.01 that the Securities of a series are to be issued in whole or in part in the form of one or more Global Securities, then the Company shall execute and the Trustee shall authenticate and deliver
one or more Global Securities that (i) shall represent an aggregate amount equal to the aggregate principal amount of the Outstanding Securities of such series to be represented by such Global Securities, (ii) shall be registered, if in
registered form, in the name of the Depositary for such Global Security or Securities or the nominee of such Depositary, (iii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instruction and
(iv) shall bear a legend substantially to the following effect: “Unless and until it is exchanged in whole or in part for the individual Securities represented hereby, this Global Security may not be transferred except as a whole by the
Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.”
The aggregate principal amount of each Global Security may from time to time be increased or decreased by adjustments made on the records of the Security Custodian, as provided in this Indenture. 
 (h) Each Depositary designated pursuant to Section 3.01 for a Global Security in registered form must, at the time of its designation and at all
times while it serves as such Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation. 
 (i) Members of, or participants in, the Depositary (“Members”) shall have no rights under this Indenture with respect to any Global Security held on their behalf by the Depositary or by the Security Custodian under such Global
Security, and the Depositary may be treated by the Company, the Trustee, the Paying Agent and the Registrar and any of their agents as the absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Company, the Trustee, the Paying Agent or the Registrar or any of their agents from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary
and its Members, the operation of customary practices of the Depositary governing the exercise of the rights of an owner of a beneficial interest in any Global Security. The registered holder of a Global Security may grant proxies and otherwise
authorize any Person, including Members and Persons that may hold interests through Members, to take any action that a holder is entitled to take under this Indenture or the Securities. 
 (j) No Security or Coupon appertaining thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless
there appears on such Security a certificate of authentication substantially in one of the forms provided for herein duly executed by the Trustee or by an Authenticating Agent by manual signature of one of its Responsible Officers, and such
certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security (and any Coupons appertaining thereto) has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture.
Except as permitted by Section 3.05, 3.07 or 3.08, the Trustee shall not authenticate and deliver any Bearer Security unless all appurtenant Coupons then matured have been cleared and canceled. 
  

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 SECTION 3.04. Temporary Securities. 
 (a) Pending the preparation of definitive Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and
deliver, temporary Securities that are printed, lithographed, typewritten, mimeographed or otherwise reproduced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered
form or, if authorized, in bearer form with one or more Coupons or without Coupons, and with such appropriate insertions, omissions, substitutions and other variations as the Officers executing such Securities and Coupons, if any, may determine, as
conclusively evidenced by their execution of such Securities and Coupons. Any such temporary Security may be in global form, representing all or a portion of the Outstanding Securities of such series. Every such temporary Security shall be executed
by the Company and shall be authenticated and delivered by the Trustee upon the same conditions and in substantially the same manner, and with the same effect, as the definitive Security or Securities in lieu of which it is issued. 
 (b) If temporary Securities of any series are issued, the Company will cause definitive Securities of such series to be prepared without unreasonable
delay. Except as otherwise specified as contemplated by Section 3.01(q)(iii) with respect to a series of Securities issuable as Bearer Securities or as one or more Global Securities representing individual Bearer Securities of the series,
(a) after the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of such temporary Securities at the office or agency of the
Company in a Place of Payment for such series, without charge to the holder, except as provided in Section 3.06 and except that a Person receiving definitive Bearer Securities shall bear the cost of insurance, postage, transportation and the
like unless otherwise specified pursuant to Section 3.01, and (b) upon surrender for cancellation of any one or more temporary Securities of any series (accompanied by any unmatured Coupons appertaining thereto), the Company shall execute
and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Securities of the same series of authorized denominations and of like tenor; provided, however, that no definitive Bearer Security shall be
delivered in exchange for a temporary Registered Security; and provided, further, that delivery of a Global Security representing individual Bearer Securities or a Bearer Security shall occur only outside the United States. Until so exchanged, the
temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series, except as otherwise specified as contemplated by Section 3.01(q)(ii) with respect to the
payment of interest on Global Securities in temporary form. 
 (c) Unless otherwise specified pursuant to Section 3.01, the Company will
execute and deliver each definitive Global Security representing individual Bearer Securities and each Bearer Security to the Trustee at its principal office in London or such other place outside the United States specified pursuant to
Section 3.01. 
 (d) Upon any exchange of a portion of a temporary Global Security for a definitive Global Security or for the
individual Securities represented thereby pursuant to this 

  

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Section 3.04 or Section 3.06, the temporary Global Security shall be endorsed by the Trustee to reflect the reduction of the principal amount
evidenced thereby, whereupon the principal amount of such temporary Global Security shall be reduced for all purposes by the amount so exchanged and endorsed. 
 SECTION 3.05. Registrar and Paying Agent. 
 (a) The Company will keep, at an office or agency to be
maintained by it in the Borough of Manhattan, the City of New York, or in any other office or agency of the Company in a Place of Payment, where Registered Securities may be presented for registration or presented and surrendered for registration of
transfer or of exchange (the “Registrar”), a security register for the registration and the registration of transfer or of exchange of the Registered Securities (the registers maintained in such office and in any other office or agency of
the Company in a Place of Payment being herein sometimes collectively referred to as the “Register”), as in this Indenture provided, which Register shall at all reasonable times be open for inspection by the Trustee. Such Register shall be
in written form or in any other form capable of being converted into written form within a reasonable time. The Company may have one or more co-Registrars; the term “Registrar” includes any co-registrar. 
 (b) The Company shall enter into an appropriate agency agreement with any Registrar or co-Registrar 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 each such agent. If the Company fails to maintain a Registrar, the Trustee shall act as such and shall be entitled
to appropriate compensation therefor pursuant to Section 11.01. The Company or any Affiliate of the Company may act as Registrar, co-Registrar or transfer agent. 
 (c) The Company hereby appoints the Trustee at its Corporate Trust Office in New York, New York as Registrar in connection with the Securities and this Indenture, until such time as another Person is appointed as
such. 
 SECTION 3.06. Transfer and Exchange. 
 (a) Transfer. 
 (i) Upon surrender for registration of transfer of any Registered
Security of any series at the Registrar the Company shall execute, and the Trustee or any Authenticating Agent shall authenticate and deliver, in the name of the designated transferee, one or more new Registered Securities of the same series for
like aggregate principal amount of any authorized denomination or denominations. The transfer of any Security shall not be valid as against the Company or the Trustee unless registered at the Registrar by the registered holder, or by his or her
attorney duly authorized in writing. Except as otherwise specified pursuant to Section 3.01, in no event may Registered Securities, including Registered Securities received in exchange for Bearer Securities, be exchanged for Bearer Securities.

 (ii) Notwithstanding any other provision of this Section, unless and until it is exchanged in whole or in part for the
individual Securities represented thereby, a 

  

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Global Security representing all or a portion of the Securities of a series may not be transferred except as a whole by the Depositary for such series to a
nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary for such series or a nominee of such successor Depositary.

 (b) Exchange. 
 (i) At the option of the holder, Registered Securities of any series (other than a Global Security, except as set forth below) may be exchanged for other Registered Securities of the same series for like aggregate principal amount of any
authorized denomination or denominations, upon surrender of the Registered Securities to be exchanged at the Registrar. 
 (ii) At the option of the holder, except as otherwise specified as contemplated by Section 3.01(o) or 3.01(q) with respect to a Global Security representing Bearer Securities, Bearer Securities of any series may be exchanged for
Registered Securities (if the Securities of such series are issuable as Registered Securities) or Bearer Securities of the same series, for like aggregate principal amount of any authorized denomination or denominations, upon surrender of the Bearer
Securities to be exchanged at the office or agency of the Company maintained for such purpose, with all unmatured Coupons and all matured Coupons in Default thereto appertaining; provided, however, that delivery of a Bearer Security shall occur only
outside the United States. If the holder of a Bearer Security is unable to produce any such unmatured Coupon or Coupons or matured Coupon or Coupons in Default, such exchange may be effected if the Bearer Securities are accompanied by payment in
funds acceptable to the Company and the Trustee in an amount equal to the face amount of such missing Coupon or Coupons, or the surrender of such missing Coupon or Coupons may be waived by the Company and the Trustee if there be furnished to them
such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the holder of such Bearer Security shall surrender to any Paying Agent any such missing Coupon in respect of which such a payment shall
have been made, such holder shall be entitled to receive the amount of such payment; provided, however, that, except as otherwise provided in Section 3.08, interest represented by Coupons shall be payable only upon presentation and surrender of
those Coupons at an office or agency located outside the United States. 
 (iii) Whenever any Securities are so surrendered
for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities that the holder making the exchange is entitled to receive. 
 (iv) Notwithstanding the foregoing, Bearer Securities may not be issued in exchange for Registered Securities unless permitted under
United States income tax laws and regulations applicable to Securities in effect at the time of such exchange. 
 (c) Exchange of Global
Securities for Individual Securities. Except as provided below, owners of beneficial interests in Global Securities will not be entitled to receive individual Securities. 
  

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 (i) Individual Securities shall be issued to all owners of beneficial interests in a
Global Security in exchange for such interests if: 
 (A) at any time the Depositary for the Securities of a series notifies
the Company that it is unwilling or unable to continue as Depositary for the Securities of such series or if at any time the Depositary for the Securities of such series shall no longer be eligible under Section 3.03(h) and, in each case, a
successor Depositary is not appointed by the Company within 90 days of such notice, or 
 (B) the Company executes and
delivers to the Trustee and the Registrar an Officers’ Certificate stating that such Global Security shall be so exchangeable. 
 In connection with the
exchange of an entire Global Security for individual Securities pursuant to this subsection (c), such Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee, upon receipt of
a Company Order for the authentication and delivery of individual Securities of such series, will authenticate and deliver to each beneficial owner identified by the Depositary in exchange for its beneficial interest in such Global Security, an
equal aggregate principal amount of individual Securities of authorized denominations. 
 (ii) The owner of a beneficial
interest in a Global Security will be entitled to receive an individual Security in exchange for such interest if an Event of Default has occurred and is continuing. Upon receipt by the Security Custodian and Registrar of instructions from the
holder of a Global Security directing the Security Custodian and Registrar to (x) issue one or more individual Securities in the amounts specified to the owner of a beneficial interest in such Global Security and (y) debit or cause to be
debited an equivalent amount of beneficial interest in such Global Security, subject to the rules and regulations of the Depositary: 
 (A) the Security Custodian and Registrar shall notify the Company and the Trustee of such instructions, identifying the owner and amount of such beneficial interest in such Global Security; 
 (B) the Company shall promptly execute and the Trustee, upon receipt of a Company Order for the authentication and delivery of individual
Securities of such series, shall authenticate and deliver to such beneficial owner individual Securities in an equivalent amount to such beneficial interest in such Global Security; and 
 (C) the Security Custodian and Registrar shall decrease such Global Security by such amount in accordance with the foregoing. 

In the event that the individual Securities are not issued to each such beneficial owner promptly after the Registrar has received a request from the holder of a
Global Security to issue such individual Securities, the Company expressly acknowledges, with respect to the right of any holder to pursue a remedy pursuant to Section 7.07 hereof, the right of any beneficial holder of Securities to pursue such
remedy with respect to the portion of the Global Security that represents such beneficial holder’s Securities as if such individual Securities had been issued. 
  

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 (iii) If specified by the Company pursuant to Section 3.01 with respect to a series
of Securities, the Depositary for such series of Securities may surrender a Global Security for such series of Securities in exchange in whole or in part for individual Securities of such series on such terms as are acceptable to the Company and
such Depositary. Thereupon, the Company shall execute, and the Trustee shall authenticate and deliver, without service charge, 
 (A) to each Person specified by such Depositary a new individual Security or Securities of the same series, of any authorized denomination as requested by such Person in aggregate principal amount equal to and in exchange for such
Person’s beneficial interest in the Global Security; and 
 (B) to such Depositary a new Global Security in a
denomination equal to the difference, if any, between the principal amount of the surrendered Global Security and the aggregate principal amount of individual Securities delivered to holders thereof. 
 (iv) After the date that is 40 days after the issue date of a Global Security, the owner of a beneficial interest in a Global Security
that is in bearer form will be entitled to receive an individual Bearer Security in exchange for such interest upon 30 days’ written notice to the Trustee. 
 (v) In any exchange provided for in clauses (i) through (iv), the Company will execute and the Trustee will authenticate and deliver
individual Securities (a) in registered form in authorized denominations, if the Securities of such series are issuable as Registered Securities, (b) in bearer form in authorized denominations, with or without Coupons attached, if the
Securities of such series are issuable as Bearer Securities or (c) as either Registered or Bearer Securities, if the Securities of such series are issuable in either form; provided, however, that individual Bearer Securities shall be delivered
in exchange for a Global Security only in accordance with the procedures specified pursuant to Section 3.01. 
 (vi) Upon
the exchange in full of a Global Security for individual Securities, such Global Security shall be canceled by the Trustee. Individual Registered Securities issued in exchange for a Global Security pursuant to this Section shall be registered in
such names and in such authorized denominations as the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Registered
Securities to the Persons in whose names such Registered Securities are so registered. The Trustee shall deliver individual Bearer Securities issued in exchange for a Global Security pursuant to this Section to the Persons and in such authorized
denominations as the Depositary for such Global Security, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee; provided, however, that individual Bearer Securities shall be delivered in exchange
for a Global Security only in accordance with the procedures as may be specified pursuant to Section 3.01. 
  

 24 

 (d) Notwithstanding the foregoing, Bearer Securities may not be issued in exchange for Registered
Securities unless permitted under United States income tax laws and regulations applicable to Securities in effect at the time of such exchange. 
 (e) All Securities issued upon any registration of transfer or exchange of Securities shall be valid obligations of the Company evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered
for such registration of transfer or exchange. 
 (f) Every Registered Security presented or surrendered for registration of transfer, or for
exchange or payment shall (if so required by the Company, the Trustee or the Registrar) be duly endorsed, or be accompanied by a written instrument or instruments of transfer in form satisfactory to the Company, the Trustee and the Registrar, duly
executed by the holder thereof or by his or her attorney duly authorized in writing. 
 (g) No service charge will be made for any
registration of transfer or exchange of Securities except as provided in Section 3.04(b) or 3.07. The Company may require payment of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection
with any registration of transfer or exchange of Securities, other than those expressly provided in this Indenture to be made at the Company’s own expense or without expense or charge to the holders. 
 (h) The Company shall not be required to (i) register, transfer or exchange Securities of any series during a period beginning at the opening of
business 15 days before the day of the transmission of a notice of redemption of Securities of such series selected for redemption under Section 4.03 and ending at the close of business on the day of such transmission, or (ii) register,
transfer or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part; provided, however, that, if specified pursuant to Section 4.02, any Bearer Securities of any
series that are exchangeable for Registered Securities and that are called for redemption pursuant to Section 4.02 may, to the extent permitted by applicable law, be exchanged for one or more Registered Securities of such series during the
period preceding the Redemption Date. 
 (i) Prior to the due presentation for registration of transfer or exchange of any Security, the
Company, the Trustee, the Paying Agent, the Registrar or any co-Registrar may deem and treat the Person in whose name a Security is registered as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding
any notation of ownership or other writing thereon) for all purposes whatsoever, and none of the Company, the Trustee, the Paying Agent, the Registrar or any co-Registrar shall be affected by any notice to the contrary. 
 (j) In case a successor Company (“Successor Company”) has executed an indenture supplemental hereto with the Trustee pursuant to Article
Fourteen, any of the Securities authenticated or delivered pursuant to such transaction may, from time to time, at the request of the Successor Company, be exchanged for other Securities executed in the name of the Successor 

  

 25 

 
Company with such changes in phraseology and form as may be appropriate, but otherwise identical to the Securities surrendered for such exchange and of like
principal amount; and the Trustee, upon Company Order of the Successor Company, shall authenticate and deliver Securities as specified in such order for the purpose of such exchange. If Securities shall at any time be authenticated and delivered in
any new name of a Successor Company pursuant to this Section 3.06 in exchange or substitution for or upon registration of transfer of any Securities, such Successor Company, at the option of the holders but without expense to them, shall
provide for the exchange of all Securities at the time Outstanding for Securities authenticated and delivered in such new name. 
 (k) Each
holder of a Security agrees to indemnify the Company and the Trustee against any liability that may result from the transfer, exchange or assignment of such holder’s Security in violation of any provision of this Indenture and/or applicable
United States federal or state securities laws. 
 (l) The Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security other than to require delivery of such certificates and other documentation or evidence as
are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 
 (m) Neither the Trustee nor any agent of the Trustee shall have any responsibility for any actions taken or not taken by the Depositary. 
 SECTION 3.07. Mutilated, Destroyed, Lost and Stolen Securities. 
 (a) If (i) any mutilated Security or any mutilated Coupon with the Coupon Security to which it appertains (and all unmatured Coupons attached thereto) is surrendered to the Trustee at its Corporate Trust Office
(in the case of Registered Securities) or at its principal London office (in the case of Bearer Securities) or (ii) the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security or any
Coupon, and there is delivered to the Company and the Trustee security or indemnity satisfactory to them to save each of them and any Paying Agent harmless, and neither the Company nor the Trustee receives notice that such Security or Coupon has
been acquired by a protected purchaser, then the Company shall execute and upon Company Request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Security or in exchange for the
Coupon Security to which such mutilated, destroyed, lost or stolen Coupon appertains, a new Security of the same series and of like tenor, form, terms and principal amount, bearing a number not contemporaneously Outstanding, and, in the case of a
Coupon Security, with such Coupons attached thereto that neither gain nor loss in interest shall result from such exchange or substitution. 
 (b) In case any such mutilated, destroyed, lost or stolen Security or Coupon has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay the amount due on such Security or
Coupon in accordance with its terms; provided, however, that payment of principal and premium, if any, and any interest on Bearer Securities or payment of Coupons shall, except as otherwise provided in Section 3.08, be payable only at an office
or agency located outside the United States. 
  

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 (c) Upon the issuance of any new Security under this Section, the Company may require the payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed in respect thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 (d) Every new Security of any series, with its Coupons, if any, issued pursuant to this Section shall constitute an original additional contractual
obligation of the Company, whether or not the destroyed, lost or stolen Security or Coupon 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 and their Coupons, if any, duly issued hereunder. 
 (e) The provisions of this Section are exclusive and shall
preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or Coupons. 
 SECTION 3.08. Payment of Interest; Interest Rights Preserved. 
 (a) Interest on any Registered
Security that is payable and is punctually paid or duly provided for on any Interest Payment Date shall be paid to the Person in whose name such Registered Security (or one or more Predecessor Securities) is registered at the close of business on
the Record Date for such interest payment notwithstanding the cancellation of such Registered Security upon any transfer or exchange subsequent to the Record Date. In case a Coupon Security of any series is surrendered in exchange for a Registered
Security of such series after the close of business (at an office or agency in a Place of Payment for such series) on any Record Date and before the opening of business (at such office or agency) on the next succeeding Interest Payment Date, such
Coupon Security shall be surrendered without the Coupon relating to such Interest Payment Date and interest will not be payable on such Interest Payment Date in respect of the Registered Security issued in exchange for such Coupon Security, but will
be payable only to the bearer of such Coupon when due in accordance with the provisions of this Indenture. Payment of interest on Registered Securities shall be made at the Corporate Trust Office (except as otherwise specified pursuant to
Section 3.01) or, at the option of the Company, by check mailed to the address of the Person entitled thereto as such address shall appear in the Register or, if provided pursuant to Section 3.01 and in accordance with arrangements
satisfactory to the Trustee, at the option of the Registered Holder by wire transfer to an account designated by the Registered Holder. 
 (b) Interest on any Coupon Security that is payable and is punctually paid or duly provided for on any Interest Payment Date shall be paid to the holder of the Coupon that has matured on such Interest Payment Date upon surrender of such
Coupon on such Interest Payment Date at the principal London office of the Paying Agent or at such other Place of Payment outside the United States specified pursuant to Section 3.01. 
 (c) Interest on any Bearer Security (other than a Coupon Security) that is payable and is punctually paid or duly provided for on any Interest Payment
Date shall be paid to the holder of the Bearer Security upon presentation of such Bearer Security and notation thereon on such Interest Payment Date at the London office of the Paying Agent or at such other Place of Payment outside the United States
specified pursuant to Section 3.01. 
  

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 (d) Unless otherwise specified pursuant to Section 3.01, at the direction of the holder of any
Bearer Security or Coupon payable in U.S. Dollars, and subject to applicable laws and regulations, payments in respect of such Bearer Security or Coupon will be made by check drawn on a bank in the City of New York or, in accordance with
arrangements satisfactory to the Trustee, by wire transfer to a U.S. Dollars account maintained by such holder with a bank outside the United States. If such payment at the offices of all Paying Agents outside the United States becomes illegal or is
effectively precluded because of the imposition of exchange controls or similar restrictions on the full payment or receipt of such amounts in U.S. Dollars, the Company will appoint an office or agent in the United States at which such payment may
be made. Unless otherwise specified pursuant to Section 3.01, at the direction of the holder of any Bearer Security or Coupon payable in a Foreign Currency, payment on such Bearer Security or Coupon will be made by a check drawn on a bank
outside the United States or, in accordance with arrangements satisfactory to the Trustee, by wire transfer to an appropriate account maintained by such holder outside the United States. Except as provided in this paragraph, no payment on any Bearer
Security or Coupon will be made by mail to an address in the United States or by transfer to an account maintained by the bearer thereof in the United States. 
 (e) Any interest on any Security that is payable but is not punctually paid or duly provided for on any Interest Payment Date (herein called “Defaulted Interest”) shall, if such Security is a Registered
Security, forthwith cease to be payable to the Registered Holder on the relevant Record Date by virtue of his or her having been such a Registered Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as
provided in clause (i) or (ii) below: 
 (i) The Company may elect to make payment of any Defaulted Interest to the
Persons in whose names such Registered Securities (or their respective Predecessor Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest (a “Special Record Date”), which
shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Registered Security and the date of the proposed payment, and at the same time the Company
shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest
which shall be not more than 15 calendar days and not less than 10 calendar days prior to the date of the proposed payment and not less than 10 calendar days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall
promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage
prepaid, to the holders of such Registered Securities at their addresses as they appear in the Register, not less than 10 calendar days prior to such Special Record Date. Notice of the proposed payment of such Defaulted 

  

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Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such
Registered Securities (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable. In case a Coupon Security of any series is surrendered in exchange for a
Registered Security of such series after the close of business (at the office or agency in a Place of Payment for such series) on any Special Record Date and before the opening of business (at such office or agency) on the related proposed date of
payment of Defaulted Interest, such Coupon Security shall be surrendered without the Coupon relating to such proposed date of payment and Defaulted Interest will not be payable on such proposed date of payment in respect of the Registered Security
issued in exchange for such Coupon Security, but will be payable only to the holder of such Coupon when due in accordance with the provisions of this Indenture. 
 (ii) The Company may make payment of any Defaulted Interest on Registered Securities in any other lawful manner not inconsistent with the
requirements of any securities exchange on which such Registered Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this
clause, such manner of payment shall be deemed practicable by the Trustee. 
 (f) Any Defaulted Interest payable in respect of Bearer
Securities of any series shall be payable pursuant to such procedures as may be satisfactory to the Trustee in such manner that there is no discrimination between the holders of Registered Securities (if any) and Bearer Securities of such series,
and notice of the payment date therefor shall be given by the Trustee, in the name and at the expense of the Company, in the manner provided in Section 15.05, not more than 25 days and not less than 20 days prior to the date of the proposed
payment. 
 (g) Subject to the provisions set forth herein relating to Record Dates, each Security delivered pursuant to any provision of
this Indenture in exchange or substitution for, or upon registration of transfer of, any other Security shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 
 SECTION 3.09. Cancellation. Unless otherwise specified pursuant to Section 3.01 for Securities of any series, all Securities surrendered for
payment, redemption, registration of transfer or exchange or credit against any sinking fund or otherwise and all Coupons surrendered for payment or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee for
cancellation and shall be promptly canceled by it and, if surrendered to the Trustee, shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities or Coupons previously authenticated and
delivered hereunder that the Company may have acquired in any manner whatsoever, and all Securities or Coupons so delivered shall be promptly canceled by the Trustee. No Securities or Coupons shall be authenticated in lieu of or in exchange for any
Securities or Coupons canceled as provided in this Section, except as expressly permitted by this Indenture. The Trustee shall dispose of all canceled Securities and Coupons held by it in accordance with its then customary procedures and deliver a
certificate of such disposal to the Company. The acquisition of any Securities or Coupons by the Company shall not operate as a redemption or satisfaction of the indebtedness represented thereby unless and until such Securities or Coupons are
surrendered to the Trustee for cancellation. 
  

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 SECTION 3.10. Computation of Interest. Except as otherwise specified pursuant to Section 3.01
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. 
 SECTION 3.11. Currency of Payments in Respect of Securities. 
 (a) Except as otherwise specified pursuant to
Section 3.01 for Bearer Securities of any series, payment of the principal of and premium, if any, and interest on Bearer Securities of such series denominated in any Currency will be made in such Currency. 
 (b) Except as otherwise specified pursuant to Section 3.01 for Registered Securities of any series, payment of the principal of and premium, if any,
and interest on Registered Securities of such series will be made in U.S. Dollars. 
 (c) For purposes of any provision of the Indenture
where the holders of Outstanding Securities may perform an action that requires that a specified percentage of the Outstanding Securities of all series perform such action and for purposes of any decision or determination by the Trustee of amounts
due and unpaid for the principal of and premium, if any, and interest on the Securities of all series in respect of which moneys are to be disbursed ratably, the principal of and premium, if any, and interest on the Outstanding Securities
denominated in a Foreign Currency will be the amount in U.S. Dollars based upon exchange rates, determined as specified pursuant to Section 3.01 for Securities of such series, as of the date for determining whether the holders entitled to
perform such action have performed it or as of the date of such decision or determination by the Trustee, as the case may be. 
 (d) Any
decision or determination to be made regarding exchange rates shall be made by an agent appointed by the Company; provided, that such agent shall accept such appointment in writing and the terms of such appointment shall, in the opinion of the
Company at the time of such appointment, require such agent to make such determination by a method consistent with the method provided pursuant to Section 3.01 for the making of such decision or determination. All decisions and determinations
of such agent regarding exchange rates shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding upon the Company, the Trustee and all holders of the Securities. 

SECTION 3.12. Judgments. The Company may provide pursuant to Section 3.01 for Securities of any series that (a) the obligation, if
any, of the Company to pay the principal of, premium, if any, and interest on the Securities of any series in a Foreign Currency or U.S. Dollars (the “Designated Currency”) as may be specified pursuant to Section 3.01 is of the
essence and agrees that, to the fullest extent possible under applicable law, judgments in respect of such Securities shall be given in the Designated Currency; (b) the obligation of the Company to make payments in the Designated Currency of
the principal of and premium, if any, and interest on such Securities shall, notwithstanding any payment in any other Currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of the amount in the Designated Currency
that the holder receiving such payment may, in accordance with normal banking procedures, purchase with the sum paid in such other Currency (after any premium and cost of exchange) on the business day in the country of issue of the Designated
Currency or in the international banking community (in the case of a composite currency) immediately following the day on which such 

  

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holder receives such payment; (c) if the amount in the Designated Currency that may be so purchased for any reason falls short of the amount originally
due, the Company shall pay such Additional Amounts as may be necessary to compensate for such shortfall; and (d) any obligation of the Company not discharged by such payment shall be due as a separate and independent obligation and, until
discharged as provided herein, shall continue in full force and effect. 
 SECTION 3.13. CUSIP and ISIN Numbers. The Company in
issuing any Securities may use CUSIP and ISIN numbers, in each case if then generally in use, and thereafter with respect to such series, the Trustee may use such numbers in any notice of redemption or exchange with respect to such series provided
that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification
numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the CUSIP or ISIN numbers. 
 ARTICLE IV 
 REDEMPTION OF SECURITIES

 SECTION 4.01. Applicability of Right of Redemption. Redemption of Securities (other than pursuant to a sinking fund or analogous
provision) permitted by the terms of any series of Securities shall be made in accordance with such terms (except as otherwise specified pursuant to Section 3.01 for Securities of any series) in accordance with this Article; provided, however,
that if any such terms of a series of Securities shall conflict with any provision of this Article, the terms of such series shall govern. 
 SECTION 4.02. Tax Redemption; Special Tax Redemption. 
 (a) Unless otherwise specified pursuant to Section 3.01, Bearer
Securities of any series may be redeemed at the option of the Company in whole, but not in part, at any time, at the Redemption Price thereof (calculated without premium), if the Company has or will become obligated to pay Additional Amounts on such
Bearer Securities pursuant to Section 6.02 as a result of any change in, or amendment to, the laws (or any regulation or ruling promulgated thereunder) of the United States or any political subdivision or taxing authority thereof or therein, or
any change in the application or official interpretation of such laws, regulations or rulings, which change or amendment becomes effective on or after the date on which any Person (including any Person acting as underwriter, broker or dealer) agrees
to purchase any of such Bearer Securities pursuant to their original issuance, and such obligation cannot be avoided by the Company taking reasonable measures available to it. If the Company elects to redeem Bearer Securities pursuant to this
Section 4.02, it shall notify the Trustee and the holders of such Bearer Securities in accordance with Sections 4.03 and 4.04; provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which
the Company would be obligated to pay such Additional Amounts were a payment in respect of the Bearer Securities of that series then due. Prior to the publication of any notice of redemption pursuant to this Section 4.02(a), the Company shall
deliver to the Trustee (i) an Officers’ Certificate stating that the Company is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the right 

  

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of the Company so to redeem have occurred and (ii) an Opinion of Counsel to the effect that the Company has or will become obligated to pay such
Additional Amounts as a result of such change or amendment. 
 (b) Unless otherwise specified pursuant to Section 3.01, if the Company
shall determine that any payment made outside the United States by the Company or any of its Paying Agents in respect of any Bearer Security or Coupon, if any, that is not a Floating Rate Security (an “Affected Security”) would, under any
present or future laws or regulations in the United States, be subject to any certification, documentation, information or other reporting requirement of any kind, the effect of which requirement is the disclosure to the Company, any Paying Agent or
any governmental authority of the nationality, residence or identity of a beneficial owner of such Affected Security that is a United States Alien (other than such a requirement (i) that would not be applicable to a payment made by the Company
or any one of its Paying Agents (A) directly to the beneficial owner or (B) to a custodian, nominee or other agent of the beneficial owner, or (ii) that can be satisfied by such custodian, nominee or other agent certifying to the
effect that the beneficial owner is a United States Alien; provided that, in any case referred to in clause (i)(B) or (ii), payment by the custodian, nominee or agent to the beneficial owner is not otherwise subject to any such requirement), then
the Company shall elect either (x) to redeem such Affected Securities in whole, but not in part, at the Redemption Price thereof (calculated without premium) or (y) if the conditions of the next succeeding paragraph are satisfied, to pay
the Additional Amounts specified in such paragraph. The Company shall make such determination as soon as practicable and publish prompt notice thereof (the “Determination Notice”), stating the effective date of such certification,
documentation, information or other reporting requirement, whether the Company elects to redeem the Affected Securities or to pay the Additional Amounts specified in the next succeeding paragraph and (if applicable) the last date by which the
redemption of the Affected Securities must take place, as provided in the next succeeding sentence. If any Affected Securities are to be redeemed pursuant to this paragraph, the redemption shall take place on such date, not later than one year after
the publication of the Determination Notice, as the Company shall specify by notice given to the Trustee and the holders of the Affected Securities in accordance with Sections 4.03 and 4.04. Notwithstanding the foregoing, the Company shall not so
redeem the Affected Securities if the Company shall subsequently determine, not less than 30 days prior to the Redemption Date, that subsequent payments on the Affected Securities would not be subject to any such certification, documentation,
information or other reporting requirement, in which case the Company shall publish prompt notice of such subsequent determination, and any earlier redemption notice given pursuant to this paragraph shall be revoked and of no further effect. Prior
to the publication of any Determination Notice pursuant to this paragraph, the Company shall deliver to the Trustee (i) an Officers’ Certificate stating that the Company is entitled to make such determination and setting forth a statement
of facts showing that the conditions precedent to the obligation of the Company to redeem the Affected Securities or to pay the Additional Amounts specified in the next succeeding paragraph have occurred and (ii) an Opinion of Counsel to the
effect that such conditions have occurred. 
 (c) If and so long as the certification, documentation, information or other reporting
requirements referred to in the preceding paragraph would be fully satisfied by payment of a backup withholding tax or similar charge, the Company may elect to pay as Additional Amounts such amounts as may be necessary so that every net payment made
outside the United States following the effective date of such requirement by the Company or any of its Paying Agents in 

  

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respect of any Affected Security of which the beneficial owner is a United States Alien (but without any requirement that the nationality, residence or
identity of such beneficial owner be disclosed to the Company, any Paying Agent or any governmental authority), after deduction or withholding for or on account of such backup withholding tax or similar charge (other than a backup withholding tax or
similar charge that (i) would not be applicable in the circumstances referred to in the parenthetical clause of the first sentence of the preceding paragraph or (ii) is imposed as a result of presentation of any such Affected Security for
payment more than 15 days after the date on which such payment became due and payable or on which payment thereof was duly provided for, whichever occurred later), will not be less than the amount provided in any such Affected Security to be then
due and payable. If the Company elects to pay Additional Amounts pursuant to this paragraph, then the Company shall have the right, but shall not be required, to redeem the Affected Securities at any time in whole, but not in part, at the Redemption
Price thereof (calculated without premium), subject to the provisions of the last three sentences of the immediately preceding paragraph. If the Company elects to pay Additional Amounts pursuant to this paragraph and the condition specified in the
first sentence of this paragraph should no longer be satisfied, then the Company shall redeem the Affected Securities in whole, but not in part, at the Redemption Price thereof (calculated without premium), subject to the provisions of the last
three sentences of the immediately preceding paragraph. Any redemption payments made by the Company pursuant to the two immediately preceding sentences shall be subject to the continuing obligation of the Company to pay Additional Amounts pursuant
to this paragraph. If the Company elects to, or is required to, redeem the Affected Securities pursuant to this paragraph, it shall notify the Trustee and the holders of the Affected Securities thereof in accordance with Sections 4.03 and 4.04.

 SECTION 4.03. Selection of Securities to be Redeemed. 
 (a) If the Company shall at any time elect to redeem all or any portion of the Securities of a series then Outstanding, it shall at least 45 days prior to the Redemption Date fixed by the Company (unless a shorter
period shall be satisfactory to the Trustee) notify the Trustee of such Redemption Date and of the principal amount of Securities to be redeemed, and thereupon the Trustee shall select, as directed in writing by the Company, the Securities (or
portions thereof) of such series to be redeemed. Unless otherwise provided in the Officers’ Certificate or supplemental indenture provided for in Section 3.01, no Security of a denomination of $1,000 shall be redeemed in part and
Securities may be redeemed in part only in integral multiples of $1,000. In any case where more than one Registered Security of such series is registered in the same name, the Trustee in its discretion may treat the aggregate principal amount so
registered as if it were represented by one Registered Security of such series. The Trustee shall, as soon as practicable, notify the Company in writing of the Securities and portions of Securities so selected. 
 (b) For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in
the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security that has been or is to be redeemed. 
  

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 SECTION 4.04. Notice of Redemption. 
 (a) The election of the Company to redeem any Securities of any series shall be evidenced by a Board Resolution. Notice of redemption shall be given by
the Company or, at the Company’s request and expense, by the Trustee in the name and at the expense of the Company, not less than 30 nor more than 60 days prior to the Redemption Date, to the holders of Securities of any series to be redeemed
in whole or in part pursuant to this Article, in the manner provided in Section 15.06. Any notice so given shall be conclusively presumed to have been duly given, whether or not the holder receives such notice. Failure to give such notice, or
any defect in such notice to the holder of any Security of a series designated for redemption, in whole or in part, shall not affect the sufficiency of any notice of redemption with respect to the holder of any other Security of such series.

 (b) All notices of redemption shall identify the Securities to be redeemed (including CUSIP numbers) and shall state: 
 (i) such election by the Company to redeem Securities of such series pursuant to provisions contained in this Indenture or the terms of
the Securities of such series or a supplemental indenture establishing such series, if such be the case; 
 (ii) the
Redemption Date; 
 (iii) the Redemption Price; 
 (iv) if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial redemption,
the principal amounts) of the particular Securities to be redeemed; 
 (v) that on the Redemption Date the Redemption Price
will become due and payable upon each such Security to be redeemed, and that interest thereon, if any, shall cease to accrue on and after said date; 
 (vi) that, unless otherwise specified in such notice, Coupon Securities of any series, if any, surrendered for redemption must be accompanied by all Coupons maturing subsequent to the date fixed for redemption,
failing which the amount of any such missing Coupon or Coupons will be deducted from the Redemption Price; 
 (vii) the Place
or Places of Payment where such Securities are to be surrendered for payment of the Redemption Price, and that the Securities designated in such notice for redemption are required to be presented on or after such Redemption Date at the designated
Place of Payment; 
 (viii) if Bearer Securities of any series are to be redeemed and any Registered Securities of such series
are not to be redeemed, and if such Bearer Securities may be exchanged for Registered Securities not subject to redemption on this Redemption Date pursuant to Section 3.06(c) or otherwise, the last date on which such exchanges may be made;

 (ix) that the redemption is for a sinking fund, if such is the case; and 
  

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 (x) if any Security of any series is to be redeemed in part, that on and after the
Redemption Date, upon surrender of such Security and any Coupons appertaining thereto, such Security and any Coupons appertaining thereto will be canceled and a new Security or Securities of such series in aggregate principal amount equal to the
unredeemed portion thereof and with appropriate Coupons will be issued and delivered without charge to the holder or, in the case of Securities providing appropriate space for such notation, at the option of the holders, the Trustee, in lieu of
delivering a new Security or Securities as aforesaid, may make a notation on such Security of the payment of the redeemed portion thereof. 
 SECTION 4.05. Deposit of Redemption Price. On or prior to 10 a.m., New York City time, on the Redemption Date for any Registered Securities, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is
acting as its own Paying Agent, segregate and hold in trust as provided in Section 6.04) an amount of money in the Currency in which such Securities are denominated in immediately available funds (except as provided pursuant to
Section 3.01) sufficient to pay the Redemption Price of such Securities or any portions thereof that are to be redeemed on that date. In the case of any redemption pertaining to Bearer or Coupon Securities, the Company shall, no later than the
Business Day prior to such Redemption Date, deposit with the Trustee or with a Paying Agent (other than the Company) an amount of money in the Currency in immediately available funds in which such Securities are denominated (except as provided
pursuant to Section 3.01) sufficient to pay the Redemption Price of such Securities or any portion thereof that are to be redeemed on the Redemption Date. 
 SECTION 4.06. Securities Payable on Redemption Date. Notice of redemption having been given as aforesaid, any Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption
Price and from and after such date (unless the Company shall Default in the payment of the Redemption Price) such Securities shall cease to bear interest and any Coupons for such interest appertaining to any such Securities to be redeemed, except to
the extent described below, shall be void. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price; provided, however, that installments of interest that
have a Stated Maturity on or prior to the Redemption Date for such Securities shall be payable according to the terms of such Securities and the provisions of Section 3.08. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and premium, if any, shall, until paid,
bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 If any Coupon Security surrendered for redemption
shall not be accompanied by all Coupons appertaining thereto maturing on or after the Redemption Date, the Redemption Price for such Coupon Security may be reduced by an amount equal to the face amount of all such missing Coupons. If thereafter the
holder of such Coupon shall surrender to any Paying Agent outside the United States any such missing Coupon in respect of which a deduction shall have been made from the Redemption Price, such holder shall be entitled to receive the amount so
deducted. The surrender of such missing Coupon or Coupons may be waived by the Company and the Trustee, if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. 
  

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 SECTION 4.07. Securities Redeemed in Part. Any Security that is to be redeemed only in part shall
be surrendered at the Corporate Trust Office or such other office or agency of the Company as is specified pursuant to Section 3.01 (in the case of Registered Securities) and at the principal London office of the Paying Agent or such other
office or agency of the Company outside the United States as is specified pursuant to Section 3.01 (in the case of Bearer Securities) with, if the Company, the Registrar or the Trustee so requires, due endorsement by, or a written instrument of
transfer in form satisfactory to the Company, the Registrar and the Trustee duly executed by, the holder thereof or his attorney duly authorized in writing, and the Company shall execute, and the Trustee shall authenticate and deliver to the holder
of such Security without service charge, a new Security or Securities of the same series, of like tenor and form, of any authorized denomination as requested by such holder in aggregate principal amount equal to and in exchange for the unredeemed
portion of the principal of the Security so surrendered, and, in the case of a Coupon Security, with appropriate Coupons attached; except that if a Global Security is so surrendered, the Company shall execute, and the Trustee shall authenticate and
deliver to the Depositary for such Global Security, without service charge, a new Global Security in a denomination equal to and in exchange for the unredeemed portion of the principal of the Global Security so surrendered. In the case of a Security
providing appropriate space for such notation, at the option of the holder thereof, the Trustee, in lieu of delivering a new Security or Securities as aforesaid, may make a notation on such Security of the payment of the redeemed portion thereof.

 ARTICLE V 
 SINKING FUNDS

 SECTION 5.01. Applicability of Sinking Fund. 
 (a) Redemption of Securities permitted or required pursuant to a sinking fund for the retirement of Securities of a series by the terms of such series of Securities shall be made in accordance with such terms of such
series of Securities and this Article, except as otherwise specified pursuant to Section 3.01 for Securities of such series, provided, however, that if any such terms of a series of Securities shall conflict with any provision of this Article,
the terms of such series shall govern. 
 (b) The minimum amount of any sinking fund payment provided for by the terms of Securities of any
series is herein referred to as a “Mandatory Sinking Fund Payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “Optional Sinking Fund
Payment.” If provided for by the terms of Securities of any series, the cash amount of any Mandatory Sinking Fund Payment may be subject to reduction as provided in Section 5.02. 
 SECTION 5.02. Mandatory Sinking Fund Obligation. The Company may, at its option, satisfy any Mandatory Sinking Fund Payment obligation, in whole
or in part, with respect to a particular series of Securities by (1) delivering to the Trustee Securities of such series in transferable form (together with the unmatured Coupons, if any, appertaining thereto) theretofore purchased or otherwise
acquired by the Company or redeemed at the election of the Company pursuant to Section 4.03 or (2) receiving credit for Securities of such series (together with the unmatured Coupons, if any, appertaining thereto) (not previously so
credited) acquired by the 

  

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Company and theretofore delivered to the Trustee. The Trustee shall credit such Mandatory Sinking Fund Payment obligation with an amount equal to the
Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such Mandatory Sinking Fund Payment shall be reduced accordingly. If the Company shall elect to so satisfy any Mandatory Sinking
Fund Payment obligation, it shall deliver to the Trustee not less than 45 days prior to the relevant sinking fund payment date a written notice signed on behalf of the Company by its Chairman of the Board of Directors, its President, one of its Vice
Presidents, its Treasurer or one of its Assistant Treasurers, which shall designate the Securities (and portions thereof, if any) so delivered or credited and which shall be accompanied by such Securities (together with the unmatured Coupons, if
any, appertaining thereto) (to the extent not theretofore delivered) in transferable form. In case of the failure of the Company, at or before the time so required, to give such notice and deliver such Securities the Mandatory Sinking Fund Payment
obligation shall be paid entirely in moneys. 
 SECTION 5.03. Optional Redemption at Sinking Fund Redemption Price. In addition to the
sinking fund requirements of Section 5.02, to the extent, if any, provided for by the terms of a particular series of Securities, the Company may, at its option, make an Optional Sinking Fund Payment with respect to such Securities. Unless
otherwise provided by such terms, (a) to the extent that the right of the Company to make such Optional Sinking Fund Payment shall not be exercised in any year, it shall not be cumulative or carried forward to any subsequent year, and
(b) such optional payment shall operate to reduce the amount of any Mandatory Sinking Fund Payment obligation as to Securities of the same series. If the Company intends to exercise its right to make such optional payment in any year it shall
deliver to the Trustee not less than 45 days prior to the relevant sinking fund payment date a certificate signed by its Chairman of the Board of Directors, its President, one of its Vice Presidents, its Treasurer or one of its Assistant Treasurers
stating that the Company will exercise such optional right, and specifying the amount which the Company will pay on or before the next succeeding sinking fund payment date. Such certificate shall also state that no Event of Default has occurred and
is continuing. 
 SECTION 5.04. Application of Sinking Fund Payment. 
 (a) If the sinking fund payment or payments made in funds pursuant to either Section 5.02 or 5.03 with respect to a particular series of Securities
plus any unused balance of any preceding sinking fund payments made in funds with respect to such series shall exceed $50,000 (or a lesser sum if the Company shall so request, or such equivalent sum for Securities denominated other than in U.S.
Dollars), it shall be applied by the Trustee on the sinking fund payment date next following the date of such payment, unless the date of such payment shall be a sinking fund payment date, in which case such payment shall be applied on such sinking
fund payment date, to the redemption of Securities of such series at the redemption price specified in Section 4.04(b). The Trustee shall select, in the manner provided in Section 4.03, for redemption on such sinking fund payment date, a
sufficient principal amount of Securities of such series to absorb said funds, as nearly as may be, and shall, at the expense and in the name of the Company, thereupon cause notice of redemption of the Securities to be given in substantially the
manner provided in Section 4.04(a) for the redemption of Securities in part at the option of the Company, except that the notice of redemption shall also state that the Securities are being redeemed for the sinking fund. Any sinking fund moneys
not so applied by the Trustee to the redemption of Securities of such series shall be added to the next sinking fund payment received in funds by the 

  

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Trustee and, together with such payment, shall be applied in accordance with the provisions of this Section 5.04. Any and all sinking fund moneys held
by the Trustee on the last sinking fund payment date with respect to Securities of such series, and not held for the payment or redemption of particular Securities of such series, shall be applied by the Trustee to the payment of the principal of
the Securities of such series at maturity. 
 (b) On or prior to each sinking fund payment date, the Company shall pay to the Trustee a sum
equal to all interest accrued to the date fixed for redemption on Securities to be redeemed on such sinking fund payment date pursuant to this Section 5.04. 
 (c) The Trustee shall not redeem any Securities of a series with sinking fund moneys or mail any notice of redemption of Securities of such series by operation of the sinking fund during the continuance of a Default
in payment of interest on any Securities of such series or of any Event of Default (other than an Event of Default occurring as a consequence of this paragraph) of which the Trustee has actual knowledge, except that if the notice of redemption of
any Securities of such series shall theretofore have been mailed in accordance with the provisions hereof, the Trustee shall redeem such Securities if funds sufficient for that purpose shall be deposited with the Trustee in accordance with the terms
of this Article. Except as aforesaid, any moneys in the sinking fund at the time any such Default or Event of Default shall occur and any moneys thereafter paid into the sinking fund shall, during the continuance of such Default or Event of Default,
be held as security for the payment of all the Securities of such series; provided, however, that in case such Default or Event of Default shall have been cured or waived as provided herein, such moneys shall thereafter be applied on the next
sinking fund payment date on which such moneys are required to be applied pursuant to the provisions of this Section 5.04. 
 ARTICLE VI

 PARTICULAR COVENANTS OF THE COMPANY 
 The Company hereby covenants and agrees as follows: 
 SECTION 6.01. Payments of Securities. The Company will duly and
punctually pay the principal of and premium, if any, on each series of Securities, and the interest which shall have accrued thereon, and pay any Coupons, at the dates and place and in the manner provided in the Securities, the Coupons and in this
Indenture. Any interest due on Coupon Securities on or before Maturity, other than Additional Amounts, if any, payable as provided in Section 6.02 in respect of principal of (or premium, if any, on) such a Security, shall be payable only upon
presentation and surrender of the several Coupons for such interest installments as are evidenced thereby as they severally mature. 
 SECTION 6.02. Payment of Additional Amounts. 
 (a) If the Securities of a series provide for the payment of Additional
Amounts, the Company will pay to the holder of any Security of any such series or any related Coupon who is a United States Alien such Additional Amounts as may be necessary in order that every net payment of the principal of and interest on any
Security of any series, after deduction or withholding for or on account of any present or future tax assessment or governmental charge imposed upon or as a result of such payment by the United States or any political subdivision or 

  

 38 

 
taxing authority thereof or therein, will not be less than the amount provided for in any Security of any series or any related Coupon to be then due and
payable; provided, however, that the foregoing obligation to pay Additional Amounts shall not apply to: 
 (i) any tax,
assessment or other governmental charge imposed or withheld solely because the holder or beneficial owner of a Security, or a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of power over, such holder or beneficial owner, if
such holder or beneficial owner is an estate, trust, partnership, limited liability company or corporation: 
  

	 	•	 	 is or was present or engaged in, or is or was treated as present or engaged in, a trade or business in the taxing jurisdiction or has or had a permanent
establishment in the taxing jurisdiction; 

  

	 	•	 	 has or had any present or former connection (other than the mere fact of ownership of a Security or the receipt of payment thereon) with the taxing jurisdiction
imposing such tax, assessment or other governmental charge, including being or having been a citizen or resident thereof or being treated as having been a resident thereof; 

 (ii) any tax, assessment or other governmental charge which would not have been so imposed but for the presentation or surrender by the
holder of a Security for payment on a date more than 30 days after the date such payment becomes due or is duly provided for, whichever occurs later, except to the extent that the holder thereof would have been entitled to an Additional Amount on
presenting the same for payment on such thirtieth day; 
 (iii) any estate, inheritance, gift, sales, transfer, personal
Property or any similar tax, assessment or other governmental charge; 
 (iv) any tax, assessment or other governmental charge
which would not have been imposed but for a failure to comply with any certification, identification or other reporting requirements concerning the nationality, residence, identity or connection with the United States of the holder or beneficial
owner of any Security of any series or any related Coupon, if compliance is required by statute or by regulation of the United States or any political subdivision or taxing authority thereof or by an applicable income tax treaty as a precondition to
relief or exemption from such tax, assessment or other governmental charge; 
 (v) any tax, assessment or other governmental
charge which is payable otherwise than by deduction or withholding from payments of principal of or interest on any Security of any series; 
 (vi) any tax, assessment or other governmental charge imposed by reason of the past or present status of a holder or beneficial owner of a Security as a passive foreign investment company, a controlled foreign
corporation or a personal holding company with respect to the United States, as a private foundation or other tax exempt organization for United States federal income tax purposes, or as a corporation which accumulates earnings to avoid United
States federal income tax; 
 (vii) any tax, assessment or other governmental charge imposed on interest received by a Person
holding, actually or constructively, 10% or more of the total combined voting power of all classes of stock of the Company entitled to vote or a bank receiving interest described in Section 881(c)(3)(A) of the Code; 
  

 39 

 (viii) any tax, assessment or other governmental charge any paying agent (which term may
include the Company) must withhold from any payment of principal of or interest on any Security, if such payment can be made without such withholding by any other paying agent; 
 (ix) any tax, assessment or governmental charge required to be made pursuant to European Union Council Directive 2003/48/EC of
June 3, 2003 on the taxation of savings income in the form of interest payments, or any law implementing or complying with, or introduced in order to conform to that directive; or 
 (x) any combination of the above items; 
 nor
will Additional Amounts be paid with respect to any payment of principal of or interest on any Security to any United States Alien who is a fiduciary or partnership or other than the sole beneficial owner of any such payment, to the extent that a
beneficiary or settlor with respect to such fiduciary, a member of such partnership or the beneficial owner would not have been entitled to the Additional Amounts had such beneficiary, settlor, member or beneficial owner been the Holder of any
Security of any series. 
 (b) All Securities of the same series may be redeemed in whole but not in part, at the option of the Company at
any time prior to maturity, upon the giving of a notice of redemption, at a redemption price equal to 100 percent of the principal amount thereof, together with accrued interest to the date fixed for redemption, if the Company determines that,
(i) as a result of any change in or amendment to the laws (or any regulation or ruling promulgated thereunder) of the United States or of any political subdivision or taxing authority thereof or therein affecting taxation, or any change in
official position regarding the application or interpretation of such laws, regulations or ruling, which change or amendment becomes effective on or after the date of issuance of such series, the Company has or will become obligated to pay
Additional Amounts with respect to such Security or (ii) any such change, amendment, application or interpretation shall be officially proposed, which in the written opinion of independent legal counsel of recognized standing to the Company
will result in a material probability that the Company will, on the occasion of the next payment due under the Securities, become obligated to pay Additional Amounts. Prior to the giving of any notice of redemption pursuant to this paragraph, the
Company shall deliver to the Trustee (i) a certificate stating that the Company is entitled to effect such redemption and setting forth a statement of facts showing that the conditions precedent to the right of the Company to so redeem have
occurred and (ii) an opinion of counsel satisfactory to the Trustee to such effect based on such statement of facts; provided, however, that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which
the Company would be obligated to pay such Additional Amounts if a payment in respect of such Securities were then due. Notice of redemption will be given not less than 30 nor more than 60 days prior to the date fixed for redemption, which date and
the applicable redemption price will be specified in the notice. 
 (c) Except as specifically provided in this Indenture, the Company shall
not be required to make any payment with respect to any tax, assessment or other governmental charge imposed by any government or any political subdivision or taxing authority thereof or therein. Whenever in any Security of any series there is a
reference, in any context, to the payment of the principal of or interest on, or in respect of, any Security or any related Coupon, such mention shall be deemed to include mention of the payment of Additional Amounts provided for herein to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to the provisions hereof and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be
construed as excluding Additional Amounts in those provisions hereof where such express mention is not made. 
 (d) If the payment of
Additional Amounts becomes required in respect of the Securities of a series, at least ten days prior to the first Interest Payment Date with respect to which such Additional Amounts will be payable (or if the Securities of that series will not bear
interest prior to Maturity, the first day on which a payment of principal and premium, if any, is made and on which such Additional Amounts will be payable), and at least ten days prior to each date of payment of principal and premium, if any, or
interest if there has been any change with respect to the matters set forth in the below mentioned Officers’ Certificate, the Company will furnish the Trustee and each Paying Agent with an Officers’ Certificate that shall specify by
country the amount, if any, required to be withheld on such payments to holders of Securities or Coupons that are United States Aliens, and the Company will pay to the Trustee or such Paying Agent the Additional Amounts, if any, required by the
terms of such Securities and this Section. The Company covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence or bad faith on their part
arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section 6.02. 
  

 40 

 SECTION 6.03. Paying Agent. 
 (a) The Company will maintain in each Place of Payment for any series of Securities and Coupons, if any, an office or agency where Securities and Coupons
of such series (but, except as otherwise provided in Section 3.08, unless such Place of Payment is located outside the United States, not Bearer Securities or Coupons) may be presented or surrendered for payment, where Securities of such series
may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities and Coupons of such series and this Indenture may be served (the “Paying Agent”). So long as any
Bearer Securities of any series remain outstanding, the Company will maintain for such purposes one or more offices or agencies outside the United States in such city or cities specified pursuant to Section 3.01 and, if any Bearer Securities
are listed on a securities exchange that requires an office or agency for the payment of principal of and premium, if any, or interest on such Bearer Securities in a location other than the location of an office or agency specified pursuant to
Section 3.01, the Company will maintain for such purposes an office or agency in such location so long as any Bearer Securities are listed on such securities exchange and such exchange so requires. The Company will give prompt written notice to
the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee (in the case of Registered Securities) and at the principal London office of the Trustee (in the case of Bearer Securities), and the
Company hereby appoints the Trustee as Paying Agent to receive all presentations, surrenders, notices and demands. 
 (b) The Company may
also from time to time designate different or additional offices or agencies where the Securities of any series may be presented or surrendered for any or all such purposes (in or outside of such Place of Payment), and may from time to time rescind
any such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations described in the preceding paragraph. The Company will give prompt written notice to the Trustee of any such
additional designation or rescission of designation and of any change in the location of any such different or additional office or agency. The Company shall enter into an appropriate agency agreement with any 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 each such agent. The Company or any Affiliate of the Company may act as Paying
Agent. 
 SECTION 6.04. To Hold Payment in Trust. 
 (a) If the Company or an Affiliate of the Company shall at any time act as Paying Agent with respect to any series of Securities and Coupons, if any, then, on or before the date on which the principal of and premium,
if any, or interest on any of the Securities of that series by their terms or as a result of the calling thereof for redemption shall become payable, the Company or such Affiliate will segregate and hold in trust for the benefit of the holders of
such Securities or the Trustee a sum sufficient to pay such principal and premium, if any, or interest 

  

 41 

 
which shall have so become payable until such sums shall be paid to such holders or otherwise disposed of as herein provided, and will notify the Trustee of
its action or failure to act in that regard. Upon any proceeding under any federal bankruptcy laws with respect to the Company or any Affiliate of the Company, if the Company or such Affiliate is then acting as Paying Agent, the Trustee shall
replace the Company or such Affiliate as Paying Agent. 
 (b) If the Company shall appoint, and at the time have, a Paying Agent for the
payment of the principal of and premium, if any, or interest on any series of Securities and Coupons, then prior to 10 a.m., New York City time, on the date on which the principal of and premium, if any, or interest on any of the Securities of that
series shall become payable as aforesaid, whether by their terms or as a result of the calling thereof for redemption, the Company will deposit with such Paying Agent a sum sufficient to pay such principal and premium, if any, or interest, such sum
to be held in trust for the benefit of the holders of such Securities or the Trustee, and (unless such Paying Agent is the Trustee), the Company or any other obligor of such Securities will promptly notify the Trustee of its payment or failure to
make such payment. 
 (c) If the Paying Agent shall be other than the Trustee, the Company will cause such Paying Agent to execute and
deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section 6.04, that such Paying Agent shall: 
 (i) hold all moneys held by it for the payment of the principal of and premium, if any, or interest on the Securities of that series and
any related Coupons in trust for the benefit of the holders of such Securities until such sums shall be paid to such holders or otherwise disposed of as herein provided; 
 (ii) give to the Trustee notice of any Default by the Company or any other obligor upon the Securities of that series in the making of any
payment of the principal of and premium, if any, or interest on the Securities of that series or any payment on any related Coupons when the same shall have become due and payable; and 
 (iii) at any time during the continuance of any such Default, upon the written request of the Trustee, pay to the Trustee all sums so held
in trust by such Paying Agent. 
 (d) Anything in this Section 6.04 to the contrary notwithstanding, the Company may at any time, for
the purpose of obtaining a release, satisfaction or discharge of this Indenture or for any other reason, pay or cause to be paid to the Trustee all sums held in trust by the Company or by any Paying Agent other than the Trustee as required by this
Section 6.04, such sums to be held by the Trustee upon the same terms as those upon which such sums were held by the Company or such Paying Agent. 
 (e) Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of and premium, if any, or interest on any Security of any series or the payment of
any related Coupon and remaining unclaimed for two years after such principal and premium, if any, or interest has become due and payable shall be paid to the Company upon Company Request along with any interest that has accumulated thereon as a

  

 42 

 
result of such money being invested at the direction of the Company, or (if then held by the Company) shall be discharged from such trust, and the holder of
such Security or Coupon shall thereafter, as an unsecured general creditor, look only to the Company (except as with regards to the Guarantee) for payment of such amounts without interest thereon, and all liability of the Trustee or such Paying
Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent before being required to make any such repayment, may at the expense of the
Company cause to be transmitted in the manner and to the extent provided by Section 15.06, 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,
any unclaimed balance of such money then remaining will be repaid to the Company. 
 SECTION 6.05. Compliance Certificate. The Company
shall furnish to the Trustee annually, within 120 days after the end of each fiscal year, a brief certificate from the principal executive officer, principal financial officer or principal accounting officer as to his or her knowledge of the
Company’s compliance with all conditions and covenants under this Indenture (which compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture) and, in the event of any Default,
specifying each such Default and the nature and status thereof of which such person may have knowledge. Such certificates need not comply with Section 15.02 of this Indenture. 
 SECTION 6.06. Conditional Waiver by Holders of Securities. Anything in this Indenture to the contrary notwithstanding, the Company may fail or
omit in any particular instance to comply with a covenant or condition set forth herein with respect to any series of Securities if the Company shall have obtained and filed with the Trustee, prior to the time of such failure or omission, evidence
(as provided in Article Eight) of the consent of the holders of a majority in aggregate principal amount of the Securities of such series at the time Outstanding, either waiving such compliance in such instance or generally waiving compliance with
such covenant or condition, but no such waiver shall extend to or affect such covenant or condition except to the extent so expressly waived, or impair any right consequent thereon and, until such waiver shall have become effective, the obligations
of the Company and the duties of the Trustee in respect of any such covenant or condition shall remain in full force and effect. 
 SECTION
6.07. Statement by Officers as to Default. The Company shall deliver to the Trustee, as soon as possible and in any event within five days after the Company becomes aware of the occurrence of any Event of Default or an event which, with the
giving of notice or the lapse of time or both, would constitute an Event of Default, an Officer’s Certificate setting forth the details of such Event of Default or Default and the action which the Company proposes to take with respect thereto.

 SECTION 6.08. Restrictions on Liens. The Company will not, nor will it permit any Restricted Subsidiary to, create, incur, issue,
assume or guarantee any Secured Debt without in any such case effectively providing, concurrently with the creation, incurrence, issuance, assumption or guaranty of any such Secured Debt, that the Securities (together with, if the Company shall so
determine, any other indebtedness of or guaranteed by the Company or such Restricted Subsidiary ranking equally with the Securities and then existing or thereafter created) shall be secured equally and ratably with or prior to such Secured Debt so
long as such Secured Debt shall be secured. The 

  

 43 

 
term “Secured Debt” means notes, bonds, debentures or other similar evidences of indebtedness for money borrowed secured by any Mortgage. The term
“Mortgage” or “Mortgages” means any mortgage, pledge, lien, security interest or other encumbrances upon any Principal Property or on any shares of stock or Indebtedness of any Restricted Subsidiary (whether such Principal
Property, shares of stock or Indebtedness are now owned or hereafter acquired). The foregoing restrictions shall not apply to: 
 (1) Mortgages on property, shares of stock or Indebtedness of any corporation existing at the time such corporation becomes a Restricted Subsidiary; 
 (2) Mortgages on property or shares of stock existing at the time of acquisition of such property or stock by the Company or a Restricted
Subsidiary or existing as of the 27th day of July, 2007; 
 (3) Mortgages to secure the payment of all or any part of the
price of acquisition, construction or improvement of such property or stock by the Company or a Restricted Subsidiary, or to secure any Secured Debt incurred by the Company or a Restricted Subsidiary, prior to, at the time of, or within 360 days
after the later of the acquisition or completion of construction (including any improvements on an existing property), which Secured Debt is incurred for the purpose of financing all or any part of the purchase price thereof or construction of
improvements thereon; provided, however, that, in the case of any such acquisition, construction or improvement, the Mortgage shall not apply to any property theretofore owned by the Company or a Restricted Subsidiary, other than, in the case of any
such construction or improvement, any theretofore substantially unimproved real property on which the property or improvement so constructed is located; 
 (4) Mortgages securing Secured Debt of a Restricted Subsidiary owing to the Company or to another Restricted Subsidiary; 
 (5) Mortgages on property of a corporation existing at the time such corporation is merged into or consolidated with the Company or a Restricted Subsidiary or at the time of a sale, lease or other disposition of the
properties of a corporation or firm as an entirety or substantially as an entirety to the Company or a Restricted Subsidiary; 
 (6) Mortgages on property of the Company or a Restricted Subsidiary in favor of the United States of America or any state thereof, or any department, agency or instrumentality or political subdivision of the United States of America or any
state thereof, or in favor of any other country or any political subdivision thereof, or any department, agency or instrumentality of such country or political subdivision, to secure partial progress, advance or other payments pursuant to any
contract or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of construction of the property subject to such Mortgages; 
 (7) any extension, renewal or replacement (or successive extensions, renewals or replacements) in whole or in part of any Mortgage
referred to in the foregoing clauses (1) through (6) and (8); provided, however, that the principal amount of Secured Debt secured thereby shall not exceed the principal amount of Secured Debt so secured at 

  

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the time of such extension, renewal or replacement, and that such extension, renewal or replacement shall be limited to all or a part of the property which
secured the Mortgage so extended, renewed or replaced (plus improvements and construction on such property); or 
 (8)
Mortgages upon any Principal Property, or any transfer or disposition of any Principal Property, that is created or implemented as a necessary component of a bond for title transaction, payment in lieu of tax agreement or other tax incentive vehicle
designed to provide the Company or any Subsidiary with certain ad valorem property tax or other incentive savings. 
 Notwithstanding the
foregoing provisions of this Section 6.08, the Company and any one or more Restricted Subsidiaries may, without securing the Securities, create, incur, issue, assume or guarantee Secured Debt secured by a Mortgage which would otherwise be
subject to the foregoing restrictions in an aggregate amount which, together with all other Secured Debt of the Company and its Restricted Subsidiaries which (if originally created, incurred, issued, assumed or guaranteed at such time) would
otherwise be subject to the foregoing restrictions (not including Secured Debt permitted to be secured under clauses (1) through (8) above), does not at the time exceed 15% of Consolidated Net Tangible Assets of the Company as shown on the
financial statements of the Company as of the end of the fiscal year preceding the date of determination. 
 SECTION 6.09. Restrictions on
Sale and Leaseback Transactions. The Company will not, nor will it permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction unless: 
 (1) the Company or such Restricted Subsidiary would be entitled, pursuant to the provisions of Section 6.08, to create, incur, issue,
assume or guarantee indebtedness secured by a Mortgage upon such property at least equal in amount to the Attributable Debt in respect of such arrangement without equally and ratably securing the Securities; provided, however, that from and after
the date on which such arrangement becomes effective, the Attributable Debt in respect of such arrangement shall be deemed for all purposes under Section 6.08 to be Secured Debt subject to the provisions of Section 6.08; or 
 (2) since the 27th day of July, 2007 and within a period commencing twelve months prior to the consummation of such Sale and Leaseback
Transaction and ending twelve months after the consummation of such Sale and Leaseback Transaction, the Company or Restricted Subsidiary, as the case may be, has expended, or will expend, for the Principal Property an amount equal to (A) the
net proceeds of such Sale and Leaseback Transaction, and the Company elects to designate such amount as a credit against such Sale and Leaseback Transaction, or (B) a part of the net proceeds of such Sale and Leaseback Transaction and the
Company elects to designate such amount as a credit against such Sale and Leaseback Transaction and applies an amount equal to the remainder of the net proceeds as provided in clause (3) hereof; or 
 (3) such Sale and Leaseback Transaction does not come within the exceptions provided by clause (1) hereof and the Company does not
make the election permitted by clause (2) hereof or makes such election only as a part of such net proceeds, in 

  

 45 

 
either of which events the Company shall apply an amount in cash equal to the Attributable Debt in respect of such arrangement (less any amount elected under
clause (2) hereof to the retirement, within 360 days of the effective date of any such arrangement, of indebtedness for borrowed money of the Company or any Restricted Subsidiary (other than indebtedness for borrowed money of the Company which
is subordinated to the Securities) which by its terms matures at or is extendible or renewable at the sole option of the obligor without requiring the consent of the obligees to a date more than twelve months after the date of the creation of such
indebtedness for borrowed money (it being understood that such retirement may be made by prepayment of such indebtedness for borrowed money, if permitted by the terms thereof, as well as by payment at maturity and that at the option of the Company
and pursuant to the terms of this Indenture, such indebtedness may include the Securities). 
 The term “Sale and Leaseback
Transaction” means any arrangement with any person providing for the leasing by the Company or any Restricted Subsidiary of any Principal Property, whether such Principal Property is now owned or hereafter acquired (except for temporary leases
for a term, including renewals at the option of the lessee, of not more than three years and except for leases between the Company and a Restricted Subsidiary or between Restricted Subsidiaries), which property has been or is to be sold or
transferred by the Company or such Restricted Subsidiary to such person with the intention of taking back a lease of such property. 
 The
term “Attributable Debt” means the present value (discounted at the weighted average interest rate borne by the Securities Outstanding at the time of such Sale and Leaseback transaction compounded semiannually) of the obligation of a
lessee for net rental payments during the remaining term of any lease (including any period for which such lease has been extended). 
 SECTION 6.10. Corporate Existence. Subject to Article 5, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect the corporate existence, rights (charter and statutory) and
franchises of the Company and its Subsidiaries; provided, however, that the Company shall not be required to preserve any such right or franchise if the appropriate Board of Directors shall determine that the preservation thereof is no longer
desirable in the conduct of the business of such corporation or corporations and if the loss thereof is not materially adverse to the Holders. 
 SECTION 6.11. Maintenance of Properties. The Company will cause all properties used or useful in the conduct of its business or the business of any Subsidiary to be maintained and kept in good condition, repair and working order and
will cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly and
advantageously conducted at all times; provided, however, that nothing in this Section shall prevent the Company from discontinuing the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Company,
desirable in the conduct of its business or the business of any Subsidiary and is not materially adverse to the Holders. 
 SECTION 6.12.
Payment of Taxes and Other Claims. The Company will pay or discharge or cause to be paid or discharged, as and when the same shall become due and payable, (1) all material taxes, assessments and governmental charges levied or imposed
upon it or any Subsidiary or upon the income, profits or property of it or any Subsidiary, and (2) all lawful material claims 

  

 46 

 
for labor, materials and supplies which, if unpaid, might by law become a lien upon the property of it or any Subsidiary; provided, however, that they shall
not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings and for which adequate provision has
been made. 
 ARTICLE VII 
 REMEDIES OF TRUSTEE AND SECURITYHOLDERS 
 SECTION 7.01. Events of Default. An “Event of Default” occurs with
respect to Securities of a particular series if: 
 (a) the Company defaults in the payment of, interest on, or any Additional Amounts payable
in respect of, any Security of that series when the same becomes due and payable and the Default continues for a period of 30 days; 
 (b)
the Company defaults in the payment of the principal of (and premium, if any, on) any Security of that series when the same becomes due and payable at maturity, upon redemption or otherwise, or in the deposit of any sinking fund payment when and as
due by the terms of a Security of that series; 
 (c) the Company fails to comply with any of its other agreements in the Securities of any
series or this Indenture in respect of Securities of any series and the Default continues for the period and after the notice specified below; 
 (d) there shall be a default under any bond, debenture, note or other evidence of Indebtedness for borrowed money or under any mortgage, indenture or other instrument under which there may be issued or by which there may be secured or
evidenced any Indebtedness for money borrowed by the Company or under any Guarantee of payment by the Company of Indebtedness for money borrowed, whether such Indebtedness or Guarantee now exists or shall hereafter be incurred or created, and as a
result of such default such Indebtedness has, by acceleration under the terms of such bond, debenture, note, mortgage, indenture, Guarantee of payment of such other evidence of Indebtedness, becomes due prior to its stated maturity and such default
continues for a period of 7 days after the date upon which such Indebtedness has become due prior to its stated maturity; provided, however, that no Default under this Section 7.01(4) shall exist if all such Defaults do not relate
to such Indebtedness or such Guarantees with an aggregate principal amount in excess of $100,000,000; 
 (e) the Company pursuant to or
within the meaning of any Bankruptcy Law: 
 (i) commences a voluntary case under the federal bankruptcy laws, as now or
hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or similar law now or hereafter in effect; 
 (ii) consents to the entry of an order for relief against it in an involuntary case under any such law; 
  

 47 

 (iii) consents to the appointment of a Custodian of it or for all or substantially all of
its property; or 
 (iv) makes a general assignment for the benefit of its creditors; or 
 (f) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (i) is for relief against the Company in an involuntary case under the federal bankruptcy law, as now or hereafter constituted, or any
other applicable federal or state bankruptcy, insolvency or other similar law nor or hereafter in effect, 
 (ii) appoints a
Custodian of the Company for all or substantially all of its property; or 
 (iii) orders the liquidation of the Company, and
the order or decree remains unstayed and in effect for 90 days. 
 (g) the occurrence of any other Event of Default with respect to
Securities of such series as provided in a supplemental indenture or Officers’ Certificate, if any, applicable to such series of Securities. 
 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. 
 A Default under clause (c) is not an Event of Default until the Trustee notifies the Company or the Holders of at
least 25% in principal amount of the Outstanding Securities of that series notify the Company and the Trustee of the Default and the Company does not cure the Default within 90 days after receipt of the notice. The notice must specify the Default,
demand that it be remedied and state that the notice is a “Notice of Default.” When a Default is cured, it stops continuing. 
 SECTION 7.02. Acceleration. If an Event of Default with respect to Securities of any series at the time Outstanding, other than an Event of Default specified in clauses (e) and (f) of Section 7.01, occurs and is
continuing, the Trustee may, by notice to the Company or the Holders of at least 25% in principal amount of the Outstanding Securities of that series (each series acting as a separate class) may by notice to the Company and the Trustee, and the
Trustee shall, upon the request of such Holders, declare all unpaid principal of and accrued interest (or such lesser amount as may be provided for in the Securities of that series) on all then Outstanding Securities of that series to be due and
payable. Upon any such declaration the principal and interest shall be due and payable immediately. If an Event of Default specified in clause (e) or (f) of Section 7.01 shall occur, then all unpaid principal and accrued interest (or
such lesser amount as may be provided for in the Securities of that series) shall ipso facto become and be immediately due and payable without any other declaration or act on the part of the Trustee or any Holder. The Holders of a majority in
principal amount of the Outstanding Securities of any series by notice to the Trustee may rescind an acceleration with respect to Securities and coupons of that series and its consequences if the rescission would not conflict with any judgment or
decree and if all existing Events of Default with respect to Securities of that series have been cured or waived except non-payment of principal or interest on Securities of that series that has become due solely because of the acceleration.

  

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 SECTION 7.03. Other Remedies. If an Event of Default with respect to Securities of any series
occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal, interest or any Additional Amounts payable in respect of any Securities of that series and any related Coupons or to enforce the performance
of any provision of the Securities of that series or any related Coupons or this Indenture. 
 The Trustee may maintain a proceeding even if
it does not possess any of the Securities or related Coupons of that series or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default with
respect to Securities of any series or any related Coupons shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 
 SECTION 7.04. Waiver of Past Defaults. Subject to Sections 7.07 and 14.02, the Holders of a majority in principal amount of the Outstanding
Securities of any series by notice to the Trustee may waive any past Default with respect to Securities of that series and its consequences except a Default in the payment of the principal (and premium, if any, on) and interest, if any, on or
Additional Amounts payable with respect to, or deposit of any Sinking Fund Payment with respect to, any Security of that series as specified in clauses (a) and (b) of Section 7.01. When a Default is waived, it is cured and stops
continuing. 
 SECTION 7.05. Control by Majority. Subject to Sections 11.01(j) and 11.02(a), the Holders of at least a majority in
principal amount of the Outstanding Securities of a series may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee with respect to such series or exercising any trust or power conferred on it with
respect to that series. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, is unduly prejudicial to the rights of other Holders of such series, or would involve the Trustee in personal liability. Prior
to any declaration accelerating the Maturity of the Securities of any series, the holders of a majority in aggregate principal amount of such series of Securities at the time Outstanding may on behalf of the holders of all of the Securities of such
series waive any past Default or Event of Default hereunder and its consequences except a Default in the payment of interest or any premium on or the principal of the Securities of such series. Upon any such waiver the Company, the Trustee and the
holders of the Securities of such series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon.
Whenever any Default or Event of Default hereunder shall have been waived as permitted by this Section 7.05, said Default or Event of Default shall for all purposes of the Securities of such series and this Indenture be deemed to have been
cured and to be not continuing. 
 SECTION 7.06. Limitation on Suits. A Holder of Securities of any Series or any related Coupons may
not pursue any remedy with respect to this Indenture or the Securities of such series unless: 
 (a) the Holder gives to the Trustee notice of
a continuing Event of Default; 
  

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 (b) the Holders of at least 25% in principal amount of the Outstanding Securities of such series make a
written request to the Trustee to pursue the remedy; 
 (c) such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee
against any loss, liability or expense; 
 (d) the Trustee does not comply with the request within 60 days after receipt of the request and
the offer of indemnity; and 
 (e) during such 60-day period the Holders of a majority in principal amount of the Outstanding Securities of
such series do not give the Trustee a direction inconsistent with the request. 
 A Holder of Securities of any series may not use this
Indenture to prejudice the rights of another Holder of Securities of such series or to obtain a preference or priority over another Holder of Securities of such series. 
 SECTION 7.07. Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder of a Security of any series or any related coupon to receive payment of
principal (and premium, if any, on), interest, if any, on, any Additional Amounts and any Sinking Fund Payments, payable with respect to any Security of such series or any related Coupon, on or after the respective due dates expressed in the
Security of such series or any related Coupon, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of the Holder. 
 SECTION 7.08. Collection Suit by Trustee. If an Event of Default with respect to Securities of any series specified in Section 7.01(a) or
(b) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal (and premium, if any, on), interest, if any, on, and any Additional Amounts
payable with respect to, Securities of such series and any related Coupon, remaining unpaid. 
 SECTION 7.09. Trustee May File Proofs of
Claim. The Trustee may: 
 (a) file such proofs of claim and other papers or documents as may be necessary or advisable in order to have
the claims of the Trustee and the Holders of Securities of any series allowed in any judicial proceedings relative to the Company, its creditors or its property; 
 (b) collect and receive monies or property payable or deliverable on account of such claims; 
 (c)
distribute same after deduction of its charges and expenses to the extent that such charges and expenses are not paid out of the estate in any such proceedings. 
 SECTION 7.10. Priorities. If the Trustee collects any money pursuant to this Article, it shall pay out the money in the following order: 
 First: to the Trustee for amounts due under Section 11.01, 
  

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 Second: to Holders of Securities of any series for amounts due and unpaid on the Securities of such
series and any related Coupons of such series for principal (and premium, if any, on), interest, if any, on, and any Additional Amounts payable 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 and Coupons, for principal (and premium, if any), interest, if any, on, and any Additional Amounts, respectively, and 
 Third: to the Company. 
 The Trustee, upon
prior written notice to the Company, may fix a record date and payment date for any payment to Holders of Securities of any series. 
 SECTION 7.11. 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 its as Trustee, a court in its discretion may
require the filing by any party litigant in the suit of any 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 does not apply to a suit by the Trustee, a suit by a Holder of Securities of any series or any related coupon pursuant to
Section 7.07, or a suit by Holders of more than 10% in principal amount of the Outstanding Securities of any series. 
 ARTICLE VIII

 CONCERNING THE SECURITYHOLDERS 
 SECTION 8.01. Evidence of Action of Securityholders. Whenever in this Indenture it is provided that the holders of a specified percentage or a majority in aggregate principal amount of the Securities or of any series of Securities
may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of such specified percentage or
majority have joined therein may be evidenced by (a) any instrument or any number of instruments of similar tenor executed by Securityholders in person or by agent or proxy appointed in writing (such action becoming effective, except as herein
otherwise expressly provided, when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company), or (b) by the record of the holders of Securities voting in favor thereof at any meeting
of Securityholders duly called and held in accordance with the provisions of Article Seven, or (c) by a combination of such instrument or instruments and any such record of such a meeting of Securityholders. 
 SECTION 8.02. Proof of Execution or Holding of Securities. Proof of the execution of any instrument by a Securityholder or his agent or proxy and
proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner: 
 (a) The fact and date of
the execution by any Person of any such instrument may be proved (a) by the certificate of any notary public or other officer in any jurisdiction who, by the laws thereof, has power to take acknowledgments or proof of deeds to be recorded
within such jurisdiction, that the Person who signed such instrument did acknowledge before such notary public 

  

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or other officer the execution thereof, or (b) by the affidavit of a witness of such execution sworn to before any such notary or other officer. Where
such execution is by a Person acting in other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. 
 (b) The ownership of Registered Securities of any series shall be proved by the Register of such Securities or by a certificate of the Registrar for such series. 
 (c) The ownership of Bearer Securities shall be proved by production of such Bearer Securities or by a certificate executed by any bank or trust company,
which certificate shall be dated and shall state on the date thereof a Bearer Security bearing a specified identifying number or other mark was deposited with or exhibited to the person executing such certificate by the person named in such
certificate, or by any other proof of possession reasonably satisfactory to the Trustee. The holding by the person named in any such certificate of any Bearer Security specified therein shall be presumed to continue for a period of one year unless
at the time of determination of such holding (1) another certificate bearing a later date issued in respect of the same Bearer Securities shall be produced, (2) such Bearer Security shall be produced by some other Person, (3) such
Bearer Security shall have been registered on the Register, if, pursuant to Section 3.01, such Bearer Security can be so registered, or (4) such Bearer Security shall have been canceled or paid. 
 (d) The record of any holders’ meeting shall be proved in the manner provided in Section 9.06. 
 (e) The Trustee may require such additional proof of any matter referred to in this Section 8.02 as it shall deem appropriate or necessary, so long
as the request is a reasonable one. 
 (f) If the Company shall solicit from the holders of Securities of any series any action, the Company
may, at its option, by Board Resolution, fix in advance a record date for the determination of holders of Registered Securities entitled to take such action, but the Company shall have no obligation to do so. Any such record date shall be fixed at
the Company’s discretion. If such a record date is fixed, such action may be sought or given before or after the record date, but only the holders of Registered Securities of record at the close of business on such record date shall be deemed
to be holders of Registered Securities for the purpose of determining whether holders of the requisite proportion of Outstanding Securities of such series have authorized or agreed or consented to such action, and for that purpose the Outstanding
Registered Securities of such series shall be computed as of such record date. 
 SECTION 8.03. Persons Deemed Owners. 
 (a) The Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name any Registered Security is registered as the
owner of such Registered Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Section 3.08) interest, if any, on, such Registered Security and for all other purposes whatsoever, whether or not such
Registered Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. The Company, the Trustee, and any agent of the Company or the Trustee may treat the holder
of 

  

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any Bearer Security or of any Coupon as the absolute owner of such Bearer Security or Coupon for the purposes of receiving payment thereof or on account
thereof and for all other purposes whatsoever, whether or not such Bearer Security or Coupon be overdue, and neither the Company, the Trustee nor any agent of the Company or any Trustee shall be affected by notice to the contrary. All payments made
to any holder, or upon his order, shall be valid, and, to the extent of the sum or sums paid, effectual to satisfy and discharge the liability for moneys payable upon such Security or Coupon. 
 (b) None of the Company, the Trustee, any Paying Agent or the Registrar will have any responsibility or liability for any aspect of the records relating
to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 SECTION 8.04. Revocation of Consents. At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.01, of the
taking of any action by the holders of the percentage in aggregate principal amount of the Securities or of any series of Securities specified in this Indenture in connection with such action, any holder of a Security which is shown by the evidence
to be included in the Securities the holders of which have consented to such action may, by filing written notice with the Trustee at its principal office and upon proof of holding as provided in Section 8.02, revoke such action so far as
concerns such Security. Except as aforesaid, any such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders of such Security, and all past, present and future holders of Coupons, if
any, appertaining thereto and of any Securities and Coupons issued on transfer or in lieu thereof or in exchange or substitution therefor, irrespective of whether or not any notation in regard thereto is made upon such Security or Coupons or such
other Securities or Coupons or any Security or Coupons issued in exchange or substitution therefor. 
 ARTICLE IX 
 SECURITYHOLDERS’ MEETINGS 
 SECTION
9.01. Purposes of Meetings. A meeting of Securityholders of any or all series may be called at any time and from time to time pursuant to the provisions of this Article Nine for any of the following purposes: 
 (a) to give any notice to the Company or to the Trustee, or to give any directions to the Trustee, or to consent to the waiving of any Default hereunder
and its consequences, or to take any other action authorized to be taken by Securityholders pursuant to any of the provisions of Article Eight; 
 (b) to remove the Trustee and nominate a successor trustee pursuant to the provisions of Article Eleven; 
 (c) to consent to the
execution of an Indenture or of indentures supplemental hereto pursuant to the provisions of Section 14.02; or 
  

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 (d) to take any other action authorized to be taken by or on behalf of the holders of any specified
aggregate principal amount of the Securities of any one or more or all series, as the case may be, under any other provision of this Indenture or under applicable law. 
 SECTION 9.02. Call of Meetings by Trustee. The Trustee may at any time call a meeting of all Securityholders of all series that may be affected by the action proposed to be taken, to take any action specified
in Section 8.01, to be held at such time and at such place in the Borough of Manhattan, The City of New York, as the Trustee shall determine. Notice of every meeting of the Securityholders of a series, setting forth the time and the place of
such meeting and in general terms the action proposed to be taken at such meeting, shall be mailed to holders of Securities of such series at their addresses as they shall appear on the Register of the Company. Such notice shall be mailed not less
than 20 nor more than 90 days prior to the date fixed for the meeting. 
 SECTION 9.03. Call of Meetings by Company or
Securityholders. In case at any time the Company, pursuant to a resolution of its Board of Directors, or the holders of at least 10% in aggregate principal amount of the Securities of a series (or of all series, as the case may be) then
Outstanding that may be affected by the action proposed to be taken, shall have requested the Trustee to call a meeting of Securityholders of such series (or of all series), by written request setting forth in reasonable detail the action proposed
to be taken at the meeting, and the Trustee shall not have mailed the notice of such meeting within 20 days after receipt of such request, then the Company or such Securityholders may determine the time and the place in said Borough of Manhattan for
such meeting and may call such meeting to take any action authorized in Section 9.01, by mailing notice thereof as provided in Section 9.02. 
 SECTION 9.04. Qualifications for Voting. To be entitled to vote at any meeting of Securityholders, a Person shall (a) be a holder of one or more Securities affected by the action proposed to be taken at
the meeting or (b) be a Person appointed by an instrument in writing as proxy by a holder of one or more such Securities. The only Persons who shall be entitled to be present or to speak at any meeting of Securityholders shall be the Persons
entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 
 SECTION 9.05. Regulation of Meetings. 
 (a) Notwithstanding any other provisions of this Indenture,
the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Securityholders, in regard to proof of the holding of Securities and of the appointment of proxies, and in regard to the appointment and duties of
inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall think fit. 
 (b) The Trustee shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company
or by Securityholders as provided in Section 9.03, in which case the Company or the Securityholders calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of
the meeting shall be elected by majority vote of the meeting. 
  

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 (c) At any meeting of Securityholders of a series, each Securityholder of such series of such
Securityholder’s proxy shall be entitled to one vote for each $1,000 principal amount of Securities of such series Outstanding held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any
Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote other than by virtue of Securities of such series held by him or her or instruments in
writing as aforesaid duly designating him or her as the Person to vote on behalf of other Securityholders. At any meeting of the Securityholders duly called pursuant to the provisions of Section 9.02 or 9.03 the presence of Persons holding or
representing Securities in an aggregate principal amount sufficient to take action upon the business for the transaction of which such meeting was called shall be necessary to constitute a quorum, and any such meeting may be adjourned from time to
time by a majority of those present, whether or not constituting a quorum, and the meeting may be held as so adjourned without further notice. 
 SECTION 9.06. Voting. The vote upon any resolution submitted to any meeting of Securityholders of a series shall be by written ballots on which shall be subscribed the signatures of the holders of Securities of such series or of
their representatives by proxy and the principal amounts of the Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or
against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record in duplicate of the proceedings of each meeting of Securityholders shall be
prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more Persons having knowledge of the facts setting forth
a copy of the notice of the meeting and showing that said notice was mailed as provided in Section 9.02. The record shall show the principal amounts of the Securities voting in favor of or against any resolution. The record shall be signed and
verified by the affidavits of the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Company and the other to the Trustee to be preserved by the Trustee. 
 Any record so signed and verified shall be conclusive evidence of the matters therein stated. 
 SECTION 9.07. No Delay of Rights by Meeting. Nothing contained in this Article Nine shall be deemed or construed to authorize or permit, by reason
of any call of a meeting of Securityholders of any series or any rights expressly or impliedly conferred hereunder to make such call, any hindrance or delay in the exercise of any right or rights conferred upon or reserved to the Trustee or to the
Securityholders of such series under any of the provisions of this Indenture or of the Securities of such series. 
 ARTICLE X 
 REPORTS BY THE COMPANY AND THE TRUSTEE AND SECURITYHOLDERS’ LISTS 
 SECTION 10.01. Reports by Trustee. 
 (a) The Trustee shall transmit to holders such reports concerning
the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times 

  

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and in the manner provided thereto. If required by Section 313(a) of the Trust Indenture Act, the Trustee shall, within 60 days after each May 15
following the date of this Indenture deliver to holders a brief report, dated as of such May 15, which complies with the provisions of such Section 313(a). 
 (b) The Trustee shall, at the time of the transmission to the holders of Securities of any report pursuant to the provisions of this Section 10.01, file a copy of such report with each stock exchange upon which
the Securities are listed and also with the SEC in respect of a Security listed and registered on a national securities exchange. The Company agrees to notify the Trustee when, as and if the Securities become listed on any stock exchange.

 The Company will reimburse the Trustee for all expenses incurred in the preparation and transmission of any report pursuant to the
provisions of this Section 10.01 and of Section 10.02. 
 SECTION 10.02. Reports by the Company. 
 (a) Unless available on EDGAR (in which case the Company shall notify the Trustee of such availability), the Company shall file with the Trustee, within
30 days after the Company shall be required (taking into account any extension of due dates due to compliance with Rule 12b-25 or comparable provision under the Exchange Act) so to file the same with the SEC, copies of the annual reports and of the
information, documents and other reports which the Company may be required to file with the SEC pursuant to the provisions of Section 13 or Section 15(d) of the Exchange Act (or copies of such portions of any of the foregoing as the SEC
may by rules and regulations prescribe); or, if the Company is not required to file information, documents or reports pursuant to the provisions of either of such Sections, then the Company will file with the Trustee and the SEC, in accordance with
rules and regulations prescribed by the SEC, such of the supplementary and periodic information, documents and reports which may be required pursuant to the provisions of Section 13 of the Exchange Act, in respect of a Security listed and
registered on a national securities exchange, as may be prescribed in such rules and regulations. 
 (b) The Company shall file with the
Trustee and the SEC, in accordance with rules and regulations prescribed by the SEC, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants provided for in this Indenture as may
be required by such rules and regulations. 
 (c) The Company shall transmit to the holders of Securities, within 30 days after the filing
thereof with the Trustee (unless some other time shall be fixed by the SEC in respect of a Security listed and registered on a national securities exchange), in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act,
such summaries of any information, documents and reports required to be filed by the Company pursuant to the provisions of subdivisions (a) and (b) of this Section 10.02 as may be required by rules and regulations prescribed from time
to time by the SEC. 
 (d) Delivery of such reports, information and documents to the Trustee is for informational purposes only and the
Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which
the Trustee is entitled to conclusively rely exclusively on Officer’s Certificates). 
  

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 SECTION 10.03. Securityholders’ Lists. The Company covenants and agrees that it will furnish
or cause to be furnished to the Trustee: 
 (a) semi-annually, within 15 days after each Record Date, but in any event not less frequently
than semi-annually, a list in such form as the Trustee may reasonably require of the names and addresses of the holders of Securities to which such Record Date applies, as of such Record Date, and 
 (b) at such other times as the Trustee may request in writing, within 30 days after receipt by the Company of any such request, a list of similar form
and content as of a date not more than 15 days prior to the time such list is furnished; 
 provided, however, that so long as the Trustee shall be the
Registrar, such lists shall not be required to be furnished. 
 ARTICLE XI 
 CONCERNING THE TRUSTEE 
 SECTION 11.01. Rights of Trustee; Compensation and
Indemnity. The Trustee accepts the trusts created by this Indenture upon the terms and conditions hereof, including the following, to all of which the parties hereto and the holders from time to time of the Securities agree: 
 (a) The Trustee and Paying Agent shall be entitled to such compensation as the Company and the Trustee and Paying Agent shall from time to time agree in
writing for all services rendered by it hereunder (including in any agent or other capacity in which it acts hereunder). The compensation of the Trustee and Paying Agent shall not be limited by any provision of law in regard to the compensation of a
trustee of an express trust. The Company shall reimburse the Trustee promptly upon its request for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Trustee or Paying Agent (including the reasonable expenses
and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its negligence or bad faith. The Company also agrees to indemnify each of the Trustee and Paying Agent (which for purposes of
this subsection 11.01(a) shall include its officers, directors, employees, agents and counsel) and any predecessor Trustee hereunder for, and to hold it harmless against, any and all loss, liability, damage, claim, or expense incurred without its
own negligence or bad faith, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder and the performance of its duties (including in any agent or other capacity in which it acts hereunder), as well as
the 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. As security for the performance of the obligations of the Company under this
subdivision (a) the Trustee shall have a lien therefor on any moneys held by the Trustee hereunder prior to any rights therein of the holders of the Securities. Notwithstanding any provisions of this Indenture to the contrary, the obligations
of the Company to compensate and indemnify the Trustee under this Section 11.01(a) shall survive the resignation or removal of the Trustee and any satisfaction and discharge under Article Twelve. 
  

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 When the Trustee and Paying Agent incurs expenses or renders services after an Event of Default specified
in clause (e) or (f) of Section 7.01 occurs, the expenses and compensation for the services are intended to constitute expenses of administration under any applicable federal or state bankruptcy, insolvency or similar laws.

 (b) The Trustee may execute any of the trusts or powers hereof and perform any duty hereunder either directly or by its agents and
attorneys and shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 
 (c) The Trustee shall not be responsible in any manner whatsoever for the correctness of the recitals herein or in the Securities (except its certificates of authentication thereon) contained, all of which are made
solely by the Company; and the Trustee shall not be responsible or accountable in any manner whatsoever for or with respect to the validity or execution or sufficiency of this Indenture or of the Securities (except its certificates of authentication
thereon), and the Trustee makes no representation with respect thereto. The Trustee shall not be accountable for the use or application by the Company of any Securities, or the proceeds of any Securities, authenticated and delivered by the Trustee
in conformity with the provisions of this Indenture. 
 (d) The Trustee may consult with counsel of its selection, and, to the extent
permitted by Section 11.02, any advice or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered by the Trustee hereunder in good faith and in accordance with such Opinion of
Counsel. 
 (e) The Trustee, to the extent permitted by Section 11.02, may rely upon the certificate of the Secretary or one of the
Assistant Secretaries of the Company as to the adoption of any resolution by the Board of Directors or stockholders of the Company, and any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by, and
whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, offering or omitting any action hereunder, the Trustee may rely upon, an Officers’ Certificate of the
Company (unless other evidence in respect thereof be herein specifically prescribed). 
 (f) The Trustee or any agent of the Trustee, in its
individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company with the same rights it would have had if it were not the Trustee
or such agent. 
 (g) Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by
law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company. 
 (h) Any action taken by the Trustee pursuant to any provision hereof at the request or with the consent of any Person who at the time is the holder of any Security shall be conclusive and binding in respect of such Security upon all future
holders thereof or of any Security or Securities which may be issued for or in lieu thereof in whole or in part, whether or not 

  

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such Security shall have noted thereon the fact that such request or consent had been made or given. Nothing herein shall be deemed to require the Trustee to
advance or risk its own funds, or act without indemnity deemed satisfactory to it. The Trustee shall have no duty to invest funds or pay interest on amounts payable to it hereunder in the absence of a written agreement thereon by and between the
Company and the Trustee. 
 (i) Subject to the provisions of Section 11.02, the Trustee may conclusively rely and shall be protected in
acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, debenture or other paper or document believed by it to be genuine and to have been signed or
presented by the proper party or parties. 
 (j) Subject to the provisions of Section 11.02, the Trustee shall not be under any
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 of the Securities, pursuant to any provision of this Indenture, unless one or more of the holders of the
Securities shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which may be incurred by it therein or thereby. 
 (k) Subject to the provisions of Section 11.02, the Trustee shall not be liable for any action taken or omitted by it in good faith and believed by
it to be authorized or within its discretion or within the rights or powers conferred upon it by this Indenture. 
 (l) Subject to the
provisions of Section 11.02, the Trustee shall not be deemed to have knowledge or notice of any Default or Event of Default other than under Section 7.01(a) or (b) unless a Responsible Officer of the Trustee has received written
notice thereof or unless the holders of not less than 25% of the Outstanding Securities notify the Trustee thereof. 
 (m) Subject to the
provisions of the first paragraph of Section 11.02, the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee
shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or
additional liability of any kind by reason of such inquiry or investigation. 
 (n) The rights, privileges, protections, immunities and
benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder. 
 (o) The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such
time to take specified actions pursuant to this Indenture. 
 (p) In no event shall the Trustee be responsible or liable for any failure or
delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, 

  

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forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances,
nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent
with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 (q) In no event
shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such
loss or damage and regardless of the form of action. 
 SECTION 11.02. Duties of Trustee. 
 (a) If one or more of the Events of Default specified in Section 7.01 with respect to the Securities of any series shall have happened, then, during
the continuance thereof, the Trustee shall, with respect to such Securities, exercise such of the rights and powers vested in it by this Indenture, and shall use the same degree of care and skill in their exercise, as a prudent person would exercise
or use under the circumstances in the conduct of such person’s own affairs. Prior to the occurrence and continuance of an Event of Default, the Trustee shall have only the duties expressly set forth herein. 
 (b) None of the provisions of this Indenture shall be construed as relieving the Trustee from liability for its own negligent action, its own negligent
failure to act, or its own willful misconduct, except that, anything in this Indenture contained to the contrary notwithstanding, 
 (i) unless and until an Event of Default specified in Section 7.01 with respect to the Securities of any series shall have happened which at the time is continuing, 
 (A) the Trustee undertakes to perform such duties and only such duties with respect to the Securities of that series as are specifically
set out in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee, whose duties and obligations shall be determined solely by the express provisions of this Indenture; and 
 (B) the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, in the
absence of bad faith on the part of the Trustee, upon certificates and opinions furnished to it pursuant to the express provisions of this Indenture; but in the case of any such certificates or opinions which, by the provisions of this Indenture,
are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of
mathematical calculations or other facts stated therein); 
 (ii) the Trustee shall not be liable to any holder of Securities
or to any other Person for any error of judgment made in good faith by a Responsible Officer or Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 
  

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 (iii) the Trustee shall not be liable to any holder of Securities or to any other Person
with respect to any action taken or omitted to be taken by it in good faith, in accordance with the direction of Securityholders given as provided in Section 7.06, relating to the time, method and place of conducting any proceeding for any
remedy available to it or exercising any trust or power conferred upon it by this Indenture. 
 (c) None of the provisions of this Indenture
shall be construed as requiring the Trustee to expend or risk its own funds or otherwise to incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if there shall be
reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 11.02.

 SECTION 11.03. Notice of Defaults. Within 90 days after the occurrence thereof, the Trustee shall give to the holders of the
Securities and Coupons of a series notice of each Default with respect to the Securities or Coupons, if any, of such series known to the Trustee, by transmitting such notice to holders at their addresses as the same shall then appear on the Register
of the Company, unless such Default shall have been cured before the giving of such notice (the term “Default” being hereby defined to be the events specified in Section 7.01, which are, or after notice or lapse of time or both would
become, Events of Default as defined in said Section); but, unless such Default be the failure to pay the principal of, premium, if any, or interest on any of the Securities or Coupons, if any, of such series when and as the same shall become
payable, or to make any sinking fund payment as to Securities of the same series, the Trustee shall be protected in withholding such notice, if and so long as Responsible Officers of the Trustee in good faith determine that the withholding of such
notice is in the interests of the holders of the Securities of such series. 
 SECTION 11.04. Eligibility; Disqualification.

 (a) The Trustee shall at all times satisfy the requirements of TIA Section 310(a). The Trustee shall have a combined capital and
surplus of at least $50 million as set forth in its more recent published annual report of condition, and shall have its Corporate Trust Office or an agency in New York, New York; provided, however, that if Section 310(a) of the Trust Indenture
Act or the rules and regulations of the Commission under the Trust Indenture Act at any time permit a corporation organized and doing business under the laws of any other jurisdiction to serve as trustee of an indenture qualified under the Trust
Indenture Act, this Section 11.04 shall be automatically amended to permit a corporation organized and doing business under the laws of any such other jurisdiction to serve as Trustee hereunder. If such corporation publishes reports of
condition at least annually, pursuant to law or to the requirements of federal, state, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such
corporation shall be deemed to be its combined capital and 

  

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surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
 (b) The
Trustee shall comply with TIA Section 310(b); provided, however, that there shall be excluded from the operation of TIA Section 310(b)(i) any indenture or indentures under which other securities or certificates of interest or participation
in other securities of the Company are outstanding if the requirements for such exclusion set forth in TIA Section 310(b)(i) are met. If the Trustee has or shall acquire a conflicting interest within the meaning of Section 310(b) of the
Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. If Section 310(b) of the Trust Indenture
Act is amended any time after the date of this Indenture to change the circumstances under which a Trustee shall be deemed to have a conflicting interest with respect to the Securities of any series or to change any of the definitions in connection
therewith, this Section 11.04 shall be automatically amended to incorporate such changes. 
 SECTION 11.05. Registration and Notice;
Removal. The Trustee, or any successor to it hereafter appointed, may at any time resign and be discharged of the trusts hereby created with respect to any one or more or all series of Securities by giving to the Company notice in writing and by
mailing notice thereof to the holders of Securities of such series at their addresses as the same shall then appear in the Register of the Company. Such resignation shall take effect upon the appointment of a successor Trustee and the acceptance of
such appointment by such successor Trustee. Any Trustee hereunder may be removed with respect to any series of Securities at any time by the filing with such Trustee and the delivery to the Company of an instrument or instruments in writing signed
by the holders of a majority in principal amount of the Securities of such series then Outstanding, specifying such removal and the date when it shall become effective. 
 Upon its resignation or removal, any Trustee shall be entitled to the payment of reasonable compensation for the services rendered hereunder by such Trustee and to the payment of all reasonable expenses incurred
hereunder and all moneys then due to it hereunder. The Trustee’s rights to indemnification provided in Section 11.01(a) shall survive its resignation or removal. 
 SECTION 11.06. Successor Trustee by Appointment. 
 (a) In case at any time the Trustee shall resign, or shall be removed (unless the Trustee shall be removed as provided in Section 11.04(b), in which event the vacancy shall be filled as provided in said
subsection), or shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or if a receiver of the Trustee or of its property shall be appointed, or if any public officer shall take charge or control of the Trustee or of its
property or affairs for the purpose of rehabilitation, conservation or liquidation with respect to the Securities of one or more series, a successor Trustee with respect to the Securities of that or those series (it being understood that any such
successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any series) may be appointed by the holders of a majority
in principal amount of the Securities of that or those series then Outstanding, by an instrument or instruments in writing signed in duplicate by such holders and filed, one original thereof with the Company and the other with the successor 

  

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Trustee; but, until a successor Trustee shall have been so appointed by the holders of Securities of that or those series as herein authorized, the Company
by a resolution of its Board of Directors, or, in case all or substantially all the assets of the Company shall be in the possession of one or more custodians or receivers lawfully appointed, or of trustees in bankruptcy or reorganization
proceedings (including a trustee or trustees appointed under the provisions of the federal bankruptcy laws, as now or hereafter constituted), or of assignees for the benefit of creditors, such receivers, custodians, trustees or assignees, as the
case may be, by an instrument in writing, shall appoint a successor Trustee with respect to the Securities of such series. Subject to the provisions of Sections 11.04 and 11.05, upon the appointment as aforesaid of a successor Trustee with respect
to the Securities of any series, the Trustee with respect to the Securities of such series shall cease to be Trustee hereunder. After any such appointment other than by the holders of Securities of that or those series, the Person making such
appointment shall forthwith cause notice thereof to be mailed to the holders of Securities of such series at their addresses as the same shall then appear on the Register of the Company but any successor Trustee with respect to the Securities of
such series so appointed shall, immediately and without further act, be superseded by a successor Trustee appointed by the holders of Securities of such series in the manner above prescribed, if such appointment be made prior to the expiration of
one year from the date of the mailing of such notice by the Company, or by such receivers, trustees or assignees. 
 (b) If any Trustee with
respect to the Securities of one or more series shall resign because of conflicting interest as provided in Section 11.04(b) and a successor Trustee shall not have been appointed by the Company or by the holders of the Securities of such series
or, if any successor Trustee so appointed shall not have accepted its appointment within 30 days after such appointment shall have been made, the resigning Trustee at the expense of the Company may apply to any court of competent jurisdiction for
the appointment of a successor Trustee. If in any other case a successor Trustee shall not be appointed pursuant to the foregoing provisions of this Section 11.06 within three months after such appointment might have been made hereunder, the
holder of any Security of the applicable series or any retiring Trustee at the expense of the Company may apply to any court of competent jurisdiction to appoint a successor Trustee. Such court may thereupon, in any such case, after such notice, if
any, as such court may deem proper and prescribe, appoint a successor Trustee. 
 (c) Any successor Trustee appointed hereunder with respect
to the Securities of one or more series shall execute, acknowledge and deliver to its predecessor Trustee and to the Company, or to the receivers, trustees, assignees or court appointing it, as the case may be, an instrument accepting such
appointment hereunder, and thereupon such successor Trustee, without any further act, deed or conveyance, shall become vested with all the authority, rights, powers, trusts, immunities, duties and obligations with respect to such series of such
predecessor Trustee with like effect as if originally named as Trustee hereunder, and such predecessor Trustee, upon payment of its charges and disbursements then unpaid, shall thereupon become obligated to pay over, and such successor Trustee shall
be entitled to receive, all moneys and properties held by such predecessor Trustee as Trustee hereunder. Nevertheless, on the written request of the Company or of the successor Trustee or of the holders of at least 10% in principal amount of the
Securities of such series then Outstanding, such predecessor Trustee, upon payment of its said charges and disbursements, shall execute and deliver an instrument transferring to such successor Trustee upon the trusts herein expressed all the rights,
powers and trusts of such predecessor Trustee and shall assign, transfer and deliver to the successor Trustee all moneys and properties 

  

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held by such predecessor Trustee; and, upon request of any such successor Trustee, the Company shall make, execute, acknowledge and deliver any and all
instruments in writing for more fully and effectually vesting in and confirming to such successor Trustee all such authority, rights, powers, trusts, immunities, duties and obligations. 
 SECTION 11.07. Successor Trustee by Merger. Any corporation into which the Trustee or any successor to it in the trusts created by this Indenture
shall be merged or converted, or any corporation with which it or any successor to it shall be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee or any such successor to it shall be a party,
or any corporation to which the Trustee or any successor to it shall sell or otherwise transfer all or substantially all of the corporate trust business of the Trustee, shall be the successor Trustee under this Indenture without the execution or
filing of any paper or any further act on the part of any of the parties hereto; provided that such corporation shall be otherwise qualified and eligible under this Article. In case at the time such successor to the Trustee shall succeed to the
trusts created by this Indenture with respect to one or more series of Securities, any of such Securities shall have been authenticated but not delivered by the Trustee then in office, any successor to such Trustee may adopt the certificate of
authentication of any predecessor Trustee, and deliver such Securities so authenticated; and in case at that time any of the Securities shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the
name of any predecessor hereunder or in the name of the successor Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee
shall have; provided, however, that the right to adopt the certificate of authentication of any predecessor Trustee or authenticate Securities in the name of any predecessor Trustee shall apply only to its successor or successors by merger,
conversion or consolidation. 
 SECTION 11.08. Right to Rely on Officer’s Certificate. Subject to Section 11.02, and subject
to the provisions of Section 15.02 with respect to the certificates required thereby, whenever in the administration of the provisions of this Indenture the Trustee shall deem it necessary or desirable that a matter be proved or established
prior to taking or suffering any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part of the Trustee, be deemed to be conclusively
proved and established by an Officers’ Certificate with respect thereto delivered to the Trustee, and such Officers’ Certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee
for any action taken, suffered or omitted by it under the provisions of this Indenture upon the faith thereof. 
 SECTION 11.09.
Appointment of Authenticating Agent. The Trustee may appoint an agent (the “Authenticating Agent”) reasonably acceptable to the Company to authenticate the Securities. Unless limited by the terms of such appointment, any such
Authenticating Agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by the Authenticating Agent. 
 SECTION 11.10. Communications by Holders with Other Holders. Holders may communicate pursuant to Section 312(b) of the Trust Indenture Act
with other Holders with respect to their rights under this Indenture or the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of Section 312(c) of the Trust Indenture Act with respect to such
communications. 
  

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 ARTICLE XII 
 SATISFACTION AND DISCHARGE; DEFEASANCE 
 SECTION 12.01. Applicability of Article. If, pursuant to
Section 3.01, provision is made for the defeasance of Securities of a series and if the Securities of such series are Registered Securities and denominated and payable only in U.S. Dollars (except as provided pursuant to Section 3.01),
then the provisions of this Article shall be applicable except as otherwise specified pursuant to Section 3.01 for Securities of such series. Defeasance provisions, if any, for Securities denominated in a Foreign Currency or for Bearer
Securities may be specified pursuant to Section 3.01. 
 SECTION 12.02. Satisfaction and Discharge of Indenture. This Indenture,
with respect to the Securities of any series (if all series issued under this Indenture are not to be affected), shall, upon Company Request, cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of
such Securities herein expressly provided for and rights to receive payments of principal of and premium, if any, and interest on such Securities and any right to receive Additional Amounts as provided in Section 6.02) and the Trustee, at the
expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when, 
 (a) either:

 (i) all Securities and the Coupons, if any, of such series theretofore authenticated and delivered (other than
(A) Coupons appertaining to Bearer Securities of such series surrendered in exchange for Registered Securities of such series and maturing after such exchange, surrender of which is not required or has been waived as provided in
Section 3.06, (B) Securities and Coupons of such series that have been destroyed, lost or stolen and that have been replaced or paid as provided in Section 3.07, (C) Coupons appertaining to Bearer Securities of such series called
for redemption and maturing after the relevant Redemption Date, surrender of which has been waived as provided in Section 4.06 and (D) Securities and Coupons of such series for whose payment money has theretofore been deposited in trust or
segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 6.04) have been delivered to the Trustee for cancellation; or 
 (ii) all Securities and the Coupons, if any, of such series not theretofore delivered to the Trustee for cancellation, 
 (A) have become due and payable, or 
 (B) will become due and payable at their Stated Maturity within one year, or 
  

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 (C) are to be called for redemption within one year under arrangements satisfactory to
the Trustee for the giving of notice by the Trustee in the name, and at the expense, of the Company, 
 and the Company, in
the case of (i) or (ii) above, has irrevocably deposited or caused to be deposited with the Paying Agent as trust funds in trust for the purpose an amount in the Currency in which such Securities are denominated (except as otherwise
provided pursuant to Section 3.01) sufficient to pay and discharge the entire indebtedness on such Securities for principal and premium, if any, and interest to the date of such deposit (in the case of Securities and Coupons that have become
due and payable) or to the Stated Maturity or Redemption Date, as the case may be; provided, however, in the event a petition for relief under federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state
bankruptcy, insolvency or other similar law, is filed with respect to the Company within 91 days after the deposit and the Trustee is required to return the moneys then on deposit with the Trustee to the Company, the obligations of the Company under
this Indenture with respect to such Securities shall not be deemed terminated or discharged; 
 (b) the Company has paid or caused to be paid
all other sums payable hereunder by the Company; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to such series have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 11.01 are, if money shall have been
deposited with the Trustee pursuant to this Section, the obligations of the Trustee under Section 12.07 and the last paragraph of Section 6.04(e) shall survive. 
 SECTION 12.03. Defeasance upon Deposit of Moneys or U.S Government Obligations. At the Company’s option, either (a) the Company shall be deemed to have been Discharged (as defined below) from its
obligations with respect to Securities of any series on the first day after the applicable conditions set forth below have been satisfied or (b) the Company shall cease to be under any obligation to comply with any term, provision or condition
set forth in Sections 6.05, 6.08, 6.09, 6.10, 6.11 and 6.12 with respect to Securities of any series (and, if so specified pursuant to Section 3.01, any other restrictive covenant added for the benefit of such series pursuant to
Section 3.01) at any time after the applicable conditions set forth below have been satisfied: 
 (a) The Company shall have deposited or
caused to be deposited irrevocably with the Paying Agent as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the holders of the Securities of such series (i) money in an amount, or
(ii) U.S. Government Obligations (as defined below) that through the payment of interest and principal in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount
or (iii) a combination of (i) and (ii), sufficient to pay and discharge each installment of principal (including any mandatory sinking fund payments) of and premium, if any, and interest on, the Outstanding Securities of such series on the
dates such installments of interest or principal and premium are due; 
  

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 (b) If the Securities of such series are then listed on the New York Stock Exchange, the Company shall
have delivered to the Trustee an Opinion of Counsel to the effect that the Company’s exercise of its option under this Section would not cause such Securities to be delisted; 
 (c) No Event of Default or event (including such deposit) that, with notice or lapse of time, or both, would become an Event of Default with respect to
the Securities of such series shall have occurred and be continuing on the date of such deposit; and 
 (d) The Company shall have delivered
to the Trustee an Opinion of Counsel to the effect that holders of the Securities of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of the Company’s exercise of its option under this Section
and will be subject to federal income tax on the same amounts and in the same manner and at the same times as would have been the case if such action had not been exercised and, in the case of the Securities of such series being Discharged, such
Opinion of Counsel shall be based on a change in law subsequent to the date hereof or accompanied by a ruling received from or published by the Internal Revenue Service confirming the conclusions of such Opinion of Counsel. 
 “Discharged” means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by, and obligations under,
the Securities of such series and to have satisfied all the obligations under this Indenture relating to the Securities of such series (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except
(A) the rights of holders of Securities of such series to receive, from the trust fund described in clause (a) above, payment of the principal of and premium, if any, and interest on such Securities when such payments are due, (B) the
Company’s obligations with respect to Securities of such series under Sections 3.04, 3.06, 3.07, 6.03, 12.06 and 12.07 and (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder. 
 “U.S. Government Obligations” means securities that are (i) direct obligations of the United States for the payment of which its full
faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the timely payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States, that, in either case under clauses (i) or (ii) are not callable or redeemable at the action of the issuer thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian
with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depositary receipt; provided that (except as
required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment
of interest on or principal of the U.S. Government Obligation evidenced by such depositary receipt. 
 SECTION 12.04. Repayment to
Company. The Trustee and any Paying Agent shall promptly pay to the Company (or to its designee) upon Company Request any excess moneys or 

  

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U.S. Government Obligations held by them at any time, including any such moneys or obligations held by the Trustee under any escrow trust agreement entered
into pursuant to Section 12.06. The provisions of the last paragraph of Section 6.04 shall apply to any money held by the Trustee or any Paying Agent under this Article that remains unclaimed for two years after the Maturity of any series
of Securities for which money or U.S. Government Obligations have been deposited pursuant to Section 12.03. 
 SECTION 12.05.
Indemnity for U.S. Government Obligations. The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the deposited U.S. Government Obligations or the principal or interest
received on such U.S. Government Obligations. 
 SECTION 12.06. Deposits to Be Held in Escrow. Any deposits with the Paying Agent
referred to in Section 12.03 above shall be irrevocable (except to the extent provided in Sections 12.04 and 12.07) and shall be made under the terms of an escrow trust agreement in form and substance satisfactory to the Trustee. If any
Outstanding Securities of a series are to be redeemed prior to their Stated Maturity, whether pursuant to any optional redemption provisions or in accordance with any mandatory or optional sinking fund requirement, the applicable escrow trust
agreement shall provide therefor and the Company shall make such arrangements as are satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company. The agreement shall provide that,
upon satisfaction of any mandatory sinking fund payment requirements, whether by deposit of moneys, application of proceeds of deposited U.S. Government Obligations or, if permitted, by delivery of Securities, the Trustee shall pay or deliver over
to the Company as excess moneys pursuant to Section 12.04 all funds or obligations then held under the agreement and allocable to the sinking fund payment requirements so satisfied. 
 If Securities of a series with respect to which such deposits are made may be subject to later redemption at the option of the Company or pursuant to
optional sinking fund payments, the applicable escrow trust agreement may, at the option of the Company, provide therefor. In the case of an optional redemption in whole or in part, such agreement shall require the Company to deposit with the
Trustee on or before the date notice of redemption is given funds sufficient to pay the Redemption Price of the Securities to be redeemed together with all unpaid interest thereon to the Redemption Date. Upon such deposit of funds, the Trustee shall
pay or deliver over to the Company as excess funds pursuant to Section 12.04 all funds or obligations then held under such agreement and allocable to the Securities to be redeemed. In the case of exercise of optional sinking fund payment rights
by the Company, such agreement shall, at the option of the Company, provide that upon deposit by the Company with the Trustee of funds pursuant to such exercise the Trustee shall pay or deliver over to the Company as excess funds pursuant to
Section 12.04 all funds or obligations then held under such agreement for such series and allocable to the Securities to be redeemed. 
 SECTION 12.07. Application of Trust Money. 
 (a) Neither the Trustee nor any other paying agent shall be required to pay
interest on any moneys deposited pursuant to the provisions of this Indenture, except such as it shall agree with the Company to pay thereon. Any moneys so deposited for the payment of the 

  

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principal of, or premium, if any, or interest on the Securities of any series and remaining unclaimed for two years after the date of the maturity of the
Securities of such series or the date fixed for the redemption of all the Securities of such series at the time outstanding, as the case may be, shall be repaid by the Trustee or such other paying agent to the Company upon its written request and
thereafter, anything in this Indenture to the contrary notwithstanding, any rights of the holders of Securities of such series in respect of which such moneys shall have been deposited shall be enforceable only against the Company, and all liability
of the Trustee or such other paying agent with respect to such moneys shall thereafter cease. 
 (b) Subject to the provisions of the
foregoing paragraph, any moneys which at any time shall be deposited by the Company or on its behalf with the Trustee or any other paying agent for the purpose of paying the principal of, premium, if any, and interest on any of the Securities shall
be and are hereby assigned, transferred and set over to the Trustee or such other paying agent in trust for the respective holders of the Securities for the purpose for which such moneys shall have been deposited; but such moneys need not be
segregated from other funds except to the extent required by law. 
 SECTION 12.08. Deposits of Non-U.S. Currencies. Notwithstanding
the foregoing provisions of this Article, if the Securities of any series are payable in a Currency other than U.S. Dollars, the Currency or the nature of the government obligations to be deposited with the Trustee under the foregoing provisions of
this Article shall be as set forth in the Officers’ Certificate or established in the supplemental indenture under which the Securities of such series are issued. 
 ARTICLE XIII 
 IMMUNITY OF CERTAIN PERSONS 
 SECTION 13.01. No Personal Liability. No recourse shall be had for the payment of the principal of, or the premium, if any, or interest on, any
Security or Coupon or for any claim based thereon or otherwise in respect thereof or of the indebtedness represented thereby, or upon any obligation, covenant or agreement of this Indenture, against any incorporator, stockholder, officer or
director, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitutional provision, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and the Securities are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by,
any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, because of the incurring of the indebtedness
hereby authorized or under or by reason of any of the obligations, covenants, promises or agreements contained in this Indenture or in any of the Securities or Coupons, or to be implied herefrom or therefrom, and that all liability, if any, of that
character against every such incorporator, stockholder, officer and director is, by the acceptance of the Securities and as a condition of, and as part of the consideration for, the execution of this Indenture and the issue of the Securities
expressly waived and released. 
  

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 ARTICLE XIV 
 SUPPLEMENTAL INDENTURES 
 SECTION 14.01. Without Consent of Holders. The Company (when authorized by
resolution of its Board of Directors) and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any one or more of or all the following purposes:

 (a) to add to the covenants and agreements of the Company, to be observed thereafter and during the period, if any, in such supplemental
indenture or indentures expressed, and to add Events of Default, in each case for the protection or benefit of the holders of all or any series of the Securities (and if such covenants, agreements and Events of Default are to be for the benefit of
fewer than all series of Securities, stating that such covenants, agreements and Events of Default are expressly being included for the benefit of such series as shall be identified therein), or to surrender any right or power herein conferred upon
the Company; 
 (b) to delete or modify any Events of Default with respect to all or any series of the Securities, the form and terms of
which are being established pursuant to such supplemental indenture as permitted in Section 3.01 (and, if any such Event of Default is applicable to fewer than all such series of the Securities, specifying the series to which such Event of
Default is applicable), and to specify the rights and remedies of the Trustee and the holders of such Securities in connection therewith; 
 (c) to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to principal, to change or eliminate any restrictions on the payment of principal of or premium, if any, on Registered
Securities or of principal of or premium, if any, or any interest on Bearer Securities or to permit Registered Securities to be exchanged for Bearer Securities; provided that any such action shall not adversely affect the interests of the holders of
Securities or any Coupons of any series in any material respect, or to permit or facilitate the issuer of Securities of any series in uncertificated form; 
 (d) to change or eliminate any of the provisions of this Indenture; provided that any such change or elimination shall become effective only when there is no Outstanding Security or Coupon of any series created prior
to the execution of such supplemental indenture that is entitled to the benefit of such provision and as to which such supplemental indenture would apply; 
 (e) to evidence the succession of another corporation to the Company, or successive successions, and the assumption by a successor, transferee or lessee corporation of the covenants and obligations of the Company
contained in the Securities of one or more series and in this Indenture or any supplemental indenture; 
 (f) to evidence and provide for the
acceptance of appointment hereunder by a successor Trustee with respect to one or more series of Securities and to add to or change any of the provisions of this Indenture as shall be necessary for or facilitate the administration of the trusts
hereunder by more than one Trustee, pursuant to the requirements of Section 11.06(c); 
 (g) to secure the Securities pursuant to the
requirements of Section 6.08; 
 (h) to evidence any changes to Section 11.05 permitted by the terms thereof; 
  

 70 

 (i) to cure any ambiguity or to correct or supplement any provision contained herein or in any indenture
supplemental hereto which may be defective or inconsistent with any other provision contained herein or in any supplemental indenture, or to make any other provision in regard to matters or questions arising under this Indenture which the Board of
Directors of the Company may deem necessary or desirable and which shall not materially adversely affect the interests of the holders of the Outstanding Securities or Coupons, if any; 
 (j) to convey, transfer, assign, mortgage or pledge to the Trustee as security for the Securities any property or assets which the Company may be
required to convey, transfer, assign, mortgage or pledge in accordance with the provisions of Section 6.08; 
 (k) to add to or change
or eliminate any provision of this Indenture as shall be necessary or desirable in accordance with any amendments to the Trust Indenture Act, provided such action shall not adversely affect the interests of the holders of the Securities of any
series or any appurtenant Coupons in any material respects; 
 (l) to prohibit the authentication and delivery of additional series of
Securities; or 
 (m) to establish the form and terms of the Securities of Coupons, if any, of any series as permitted in Section 3.01,
or to authorize the issuance of additional Securities of a series previously authorized or to add to the conditions, limitations or restrictions on the authorized amount, terms or purposes of issue, authentication or delivery of the Securities of
any series, as herein set forth, or other conditions, limitations or restrictions thereafter to be observed. 
 Subject to the provisions of
Section 14.03, the Trustee is authorized to join with the Company in the execution of any such supplemental indenture, to make the further agreements and stipulations which may be therein contained and to accept the conveyance, transfer,
assignment, mortgage or pledge of any property or assets thereunder. 
 Any supplemental indenture authorized by the provisions of this
Section 14.01 may be executed by the Company and the Trustee without the consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 14.02. 
 SECTION 14.02. With Consent of Holders; Limitations. 
 (a) With the consent (evidenced as provided in Article Eight) of the holders of a majority in aggregate principal amount of the Outstanding Securities of each series affected by such supplemental indenture voting
separately, the Company (when authorized by a resolution of the Board of Directors) and the Trustee may, from time to time and at any time, enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or
changing in any manner or eliminating any provisions of this Indenture or of modifying in any manner the rights of the holders of the Securities of such series to be affected; provided, however, that no such supplemental indenture shall, without the
consent of the holder of each Outstanding Security of each such series affected thereby, 
 (i) extend the Stated Maturity of
the principal of, or any installment of interest on, any Security, or reduce the principal amount thereof or the interest thereon or 

  

 71 

 
any premium payable upon redemption thereof, or extend the Stated Maturity of or reduce the amount of any payment to be made with respect to any Coupon, or
change the Currency in which the principal of and premium, if any, or interest on such Security is denominated or payable, or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration
of acceleration of the Maturity thereof pursuant to Section 7.02, or impair the right to institute suit for the enforcement of any payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date),
or change any obligation of the Company to pay Additional Amounts pursuant to Section 6.02 (except as contemplated by Section 6.05(b) and permitted by Section 14.01), or limit the obligation of the Company to maintain a paying agency
outside the United States for payment on Bearer Securities as provided in Section 6.03, or limit the obligation of the Company to redeem an Affected Security as provided in Section 4.02(b); or 
 (ii) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose holders is required for
any supplemental indenture, or the consent of whose holders is required for any waiver of compliance with certain provisions of this Indenture or certain Defaults hereunder and their consequences provided for in this Indenture; or 
 (iii) modify any of the provisions of this Section, Section 7.02 or Section 6.06, except to increase any such percentage or to
provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of
any holder with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 6.06, or the deletion of this proviso, in accordance with the requirements of Sections 11.06 and 14.01(f); or

 (iv) modify, without the written consent of the Trustee, the rights, duties or immunities of the Trustee. 
 (b) A supplemental indenture that changes or eliminates any provision of this Indenture which has expressly been included solely for the benefit of one
or more particular series of Securities and Coupons, if any, or which modifies the rights of the holders of Securities and Coupons, if any, of such series with respect to such covenant or other provision, shall be deemed not to affect the rights
under this Indenture of the holders of Securities and Coupons, if any, of any other series. 
 (c) It shall not be necessary for the consent
of the Securityholders under this Section 14.02 to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof. 
 (d) The Company may set a record date for purposes of determining the identity of the holders of each series of Securities entitled to give a written
consent or waive compliance by the Company as authorized or permitted by this Section. Such record date shall not be more than 30 days prior to the first solicitation of such consent or waiver or the date of the most recent list of holders furnished
to the Trustee prior to such solicitation pursuant to Section 312 of the Trust Indenture Act. 
  

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 (e) Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to
the provisions of this Section 14.02, the Company shall mail a notice, setting forth in general terms the substance of such supplemental indenture, to the holders of Securities at their addresses as the same shall then appear in the Register of
the Company. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 
 SECTION 14.03. Trustee Protected. As a condition to the Trustee entering into a supplemental indenture upon the request of the Company such
request must be accompanied by the Officers’ Certificate and Opinion of Counsel required by Section 15.02 and by: 
 (a) a
supplemental indenture duly executed on behalf of the Company; 
 (b) a copy of a resolution of the Board of Directors of the Company,
certified by the Secretary or an Assistant Secretary of the Company and a copy of an Officer’s Certificate of the Company, authorizing the execution of said supplemental indenture; 
 (c) an Opinion of Counsel, stating that said supplemental indenture complies with, and that the execution thereof is authorized or permitted by, the
provisions of this Indenture and the TIA and is legal, valid and binding and enforceable against the Company in accordance with its terms; and 
 (d) if said supplemental indenture shall be executed pursuant to Section 14.02, evidence (as provided in Article Eight) of the consent thereto of the Securityholders required to consent thereto as in Section 14.02 provided, the
Trustee shall join with the Company in the execution of said supplemental indenture unless said supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in
its discretion, but shall not be obligated to, enter into said supplemental indenture. 
 SECTION 14.04. Effect of Execution of
Supplemental Indenture. Upon the execution of any supplemental indenture pursuant to the provisions of this Article Fourteen, this Indenture shall be deemed to be modified and amended in accordance therewith and, except as herein otherwise
expressly provided, the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the holders of all of the Securities or of the Securities of any series affected, as the case
may be, shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms
and conditions of this Indenture for any and all purposes. 
 SECTION 14.05. Notation on or Exchange of Securities. Securities and
Coupons, if any, of any series authenticated and delivered after the execution of any supplemental indenture pursuant to the provisions of this Article may bear a notation in form approved by the Trustee as to any matter provided for in such
supplemental indenture. If the Company or the Trustee shall so determine, new Securities and Coupons, if any, so modified as to conform, in the opinion of the Trustee and the Board of Directors of the Company, to any modification of this Indenture
contained 

  

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in any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for the Securities
and Coupons, if any, then Outstanding in equal aggregate principal amounts, and such exchange shall be made without cost to the holders of the Securities. 
 SECTION 14.06. Conformity with TIA. Every supplemental indenture executed pursuant to the provisions of this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

ARTICLE XV 
 MISCELLANEOUS PROVISIONS

 SECTION 15.01. Consolidation, Merger, Sale or Lease. 
 (a) Nothing contained in this Indenture or in the Securities shall be deemed to prevent the consolidation or merger of the Company with or into any entity, or the merger into the Company of any entity, or the sale or
lease by the Company of their respective property and assets as, or substantially as, an entirety, or otherwise. 
 (b) Upon any
consolidation or merger, or any sale other than for cash or lease of all or substantially all of the assets of the Company, the entity formed by such consolidation or into which the Company shall have been merged or to which such sale or lease shall
have been made shall succeed to and be substituted for the Company with the same effect as if it had been named herein as a party hereto, and thereafter from time to time such entity may exercise each and every right and power of the Company under
this Indenture, in the name of the Company; and any act or proceeding by any provision of this Indenture required or permitted to be done by the Board of Directors or any officer of the Company may be done with like force and effect by the like
board or officer of any entity that shall at the time be the successor of the Company hereunder. In the event of any such sale or conveyance, but not any such lease, the Company shall be discharged from all obligations and covenants under this
Indenture and the Securities and may thereupon be dissolved and liquidated. 
 SECTION 15.02. Certificates and Opinions as to Conditions
Precedent. 
 (a) Upon any request or application by the Company to the Trustee to take any action under any of the provisions of this
Indenture, the Company or shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and an Opinion of Counsel
stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of any such application or demand as to which the furnishing of such document is specifically required by any provision of
this Indenture relating to such particular application or demand, no additional certificate or opinion need be furnished. 
 (b) Each
certificate or opinion provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant provided for in this Indenture (other than the certificates provided pursuant to Section 6.05 of this
Indenture) shall include (i) a statement that the Person making such certificate or giving such opinion has read such covenant or 

  

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condition; (ii) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based; (iii) a statement that, in the view or opinion of such Person, he or she has made such examination or investigation as is necessary to enable such Person to express an informed view or opinion as to whether or
not such covenant or condition has been complied with; and (iv) a statement as to whether or not, in the view or opinion of such Person, such condition or covenant has been complied with. 
 (c) Any certificate, statement or opinion of an Officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or
opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate, statement or opinion
is based are erroneous. Any certificate, statement or opinion of counsel may be based, insofar as it relates to factual matters, upon a certificate, statement or opinion of, or representations by, an Officer or Officers of the Company stating that
the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate, statement or opinion or representations with respect to
such matters are erroneous. 
 (d) Any certificate, statement or opinion of an officer of the Company or of counsel to the Company may be
based, insofar as it relates to accounting matters, upon a certificate or opinion of, or representations by, an accountant or firm of accountants, unless such officer or counsel, as the case may be, knows, or in the exercise of reasonable care
should know, that the certificate or opinion or representations with respect to the accounting matters upon which his or her certificate, statement or opinion may be based are erroneous. Any certificate or opinion of any firm of independent
registered public accountants filed with the Trustee shall contain a statement that such firm is independent. 
 (e) In any case where
several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or
covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or
several documents. 
 (f) Where any Person is required to make, give or execute two or more applications, requests, consents, certificates,
statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 SECTION
15.03. Trust Indenture Act Controls. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or another provision included in this Indenture which is required to be included in this
Indenture by any of the provisions of Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed duties or incorporated provision shall control. 
 SECTION 15.04. What Constitutes Action by Board of Directors. Whenever action is required by this Indenture by the Board of Directors of the Company and there is at the time constituted a committee of the Board
of Directors duly authorized to take such action, or a 

  

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committee of officers or other representatives of the Company so authorized by the Board of Directors, such action by such a committee shall be deemed to be
the action of the Board of Directors and shall be sufficient for all purposes of this Indenture where action by the Board of Directors is specified. 
 SECTION 15.05. Notices to the Company and Trustee. Any notice or demand authorized by this Indenture to be made upon, given or furnished to, or filed with, the Company or the Trustee shall be sufficiently made,
given, furnished or filed for all purposes if it shall be mailed, delivered or telefaxed to: 
 (a) the Company, at 2500 Windy Ridge Parkway,
Atlanta, Georgia 30339, Attention: Treasurer, fax: (770) 989-3061 or at such other address or facsimile number as may have been furnished in writing to the Trustee by the Company. 
 (b) the Trustee, at the Corporate Trust Office of the Trustee. Any such notice, demand or other document shall be in the English language. 
 SECTION 15.06. Notices to Holders; Waiver. Any notice required or permitted to be given to Securityholders shall be sufficiently given (unless
otherwise herein expressly provided), 
 (a) if to Registered Holders, if given in writing by first class mail, postage prepaid, to such
holders at their addresses as the same shall appear on the Register of the Company, and 
 (b) if to holders of Bearer Securities, if
published on two separate Business Days in an Authorized Newspaper or Newspapers in such Place or Places of Payment specified pursuant to Section 3.01, the first such publication to be not earlier than the earliest date and not later than two
Business Days prior to the latest date prescribed for the giving of such notice; provided, however, that, in any case, any notice to holders of Floating Rate Securities regarding the determination of a periodic rate of interest, if such notice is
required pursuant to Section 3.01, shall be sufficiently given if given in the manner specified pursuant to Section 3.01. 
 (c) In
the event of suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice by mail, then such notification as shall be given with the approval of the Trustee shall constitute sufficient notice for every
purpose hereunder. 
 (d) In the event of suspension of publication of any Authorized Newspapers or by reason of any other cause it shall be
impractical to give notice by publication, then such notification as shall be given with the approval of the Trustee shall constitute sufficient notice for every purpose hereunder. 
 (e) Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either
before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance on
such waiver. In any case where notice to holders is given by mail; neither the failure to mail such notice nor any defect in any notice so mailed to any particular holder shall affect the sufficiency of such notice with respect to other holders, and
any notice that is mailed in the manner 

  

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herein provided shall be conclusively presumed to have been duly given. In any case where notice to holders is given by publication, any defect in any notice
so published as to any particular holder shall not affect the sufficiency of such notice with respect to other holders, and any notice that is published in the manner herein provided shall be conclusively presumed to have been duly given.

 SECTION 15.07. Legal Holiday. Unless otherwise specified pursuant to Section 3.01, in any case where any Interest Payment
Date, Redemption Date or Maturity of any Security of any series shall not be a Business Day at any Place of Payment for the Securities of that series, then payment of principal and premium, if any, or interest need not be made at such Place of
Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on such Interest Payment Date, Redemption Date or Maturity and no interest shall accrue on such payment for
the period from and after such Interest Payment Date, Redemption Date or Maturity, as the case may be, to such Business Day if such payment is made or duly provided for on such Business Day. 
 SECTION 15.08. Effects of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for convenience
only and shall not affect the construction hereof. 
 SECTION 15.09. Successors and Assigns. All covenants and agreements in this
Indenture by the parties hereto shall bind their respective successors and assigns and inure to the benefit of their permitted successors and assigns, whether so expressed or not. 
 SECTION 15.10. Separability Clause. In case any provision in this Indenture or in the Securities or Coupons shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 15.11. Benefits of Indenture. Nothing in this Indenture expressed and nothing that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or to give to, any Person or corporation
other than the parties hereto and their successors and the holders of the Securities any benefit or any right, remedy or claim under or by reason of this Indenture or any covenant, condition, stipulation, promise or agreement hereof, and all
covenants, conditions, stipulations, promises and agreements in this Indenture contained shall be for the sole and exclusive benefit of the parties hereto and their successors and of the holders of the Securities. 
 SECTION 15.12. Counterpart Originals. This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to
be an original, but all such counterparts shall together constitute but one and the same instrument. 
 SECTION 15.13. Governing Law and
Choice of Forum. This Indenture, the Securities and the Coupons shall be deemed to be contracts made under the law of the State of New York, and for all purposes shall be governed by and construed in accordance with the law of said State.
Nothing herein shall require the Trustee to submit to the jurisdiction of a Non-US Court. 
 (a) The Issuer hereby irrevocably submits to the
jurisdiction of any New York State Court sitting in the Borough of Manhattan in The City of New York or any U.S. Federal Court sitting in the Borough of Manhattan in The City of New York in respect of any suit, action or proceeding arising out of or
relating to this Indenture and the Notes, and irrevocably accepts for 

  

 77 

 
itself and in respect of its property, generally and unconditionally, jurisdiction of the aforesaid courts. The Issuer irrevocably waives, to the fullest
extent permitted by applicable law, any objection which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any
such court has been brought in an inconvenient forum. 
 (b) The Issuer hereby appoints National Registered Agents, Inc. (the “Process
Agent,” which has consented thereto) with offices on the date hereof at 875 Avenue of the Americas, Suite 501, New York, New York 10001, as Process Agent to receive for and on behalf of the Issuer service of process in the Borough of Manhattan,
The City of New York relating to this Indenture and the Notes. The Issuer agrees to secure the services of the Process Agent consistent with this Section until the Stated Maturity of the Notes. The Issuer hereby represents and warrants that the
Process Agent has accepted such appointment and has agreed to act as said agent for service of process, and the Issuer agrees to take any and all action, including the filing of any and all documents that may be necessary to continue such
appointment in full force and effect as aforesaid, including, without limitation, the renewal of the appointment of the Process Agent on an annual basis. Service of process in any suit, action or proceeding against the Issuer may be made on the
Process Agent by registered or certified mail, return receipt requested, or by any other method of service provided for under applicable laws in effect in the State of New York, and the Process Agent is hereby authorized and directed to accept such
service for and on behalf of the Issuer and to admit service with respect thereto. Such service upon the Process Agent shall be deemed effective personal service on the Issuer, sufficient for personal jurisdiction, ten days after mailing, and shall
be legal and binding upon the Issuer for all purposes, notwithstanding any failure of the Process Agent to mail copies of such legal process to the Issuer or any failure on the part of the Issuer to receive the same. The Issuer confirms that it has
instructed the Process Agent to mail to the Issuer, upon service of process being made on the Process Agent pursuant to this Section, a copy of the summons and complaint or other legal process served upon it, by registered mail, return receipt
requested, at the Issuer’s address set forth in the first paragraph of this instrument, or to such other address as the Issuer may notify the Process Agent in writing. The Issuer agrees that it will at all times maintain a Process Agent to
receive service of process in the County of New York on its behalf with respect to this Indenture and the Notes. If for any reason the Process Agent or any successor thereto shall no longer serve as such Process Agent or shall have changed its
address without notification thereof to the Trustee, the Issuer, immediately after gaining knowledge thereof, shall irrevocably appoint a substitute Process Agent in the Borough of Manhattan, The City of New York and advise the Trustee thereof or
notify the Trustee of the new address, respectively. 
 (c) Nothing herein shall affect the right of the Trustee or any Holder to serve
process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against the Issuer in any other jurisdiction. The Issuer irrevocably waives, to the fullest extent permitted by law, all immunity (whether on the
basis of sovereignty or otherwise) from jurisdiction, attachment (both before and after judgment) and execution to which the Issuer might otherwise be entitled in any action or proceeding in any court in any way relating to this Indenture or the
Notes, and the Issuer will not raise any claims or cause to be pleaded any such immunity at or in respect of any such action or proceeding. 
 (d) The parties hereto acknowledge that in accordance with Section 326 of the USA Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of 

  

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terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a
relationship or opens an account with Deutsche Bank Trust Company Americas. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the
USA Patriot Act. 
  

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

			
	 COCA-COLA ENTERPRISES INC.,
 as
Issuer

	2500 Windy Ridge Parkway
	Atlanta, Georgia 30339
	Fax (770) 989-3061
	Attn:	 	Treasurer
		
	By:	 	 Joyce King-Lavinder

	Name:	 	Joyce King-Lavinder
	Title:	 	Vice President and Treasurer
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,
 as
Trustee

		
	By:	 	 Wanda Camacho

	Name:	 	Wanda Camacho
	Title:	 	Vice President
		
	By:	 	 Richard L. Buckwalter

	Name:	 	Richard L. Buckwalter
	Title:	 	Director

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