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Document

NON-QUALIFIED SHARE OPTION AGREEMENT
FOR COMPANY EMPLOYEES
UNDER THE COMPASS PATHWAYS PLC
2020 SHARE OPTION AND INCENTIVE PLAN
Name of Optionee:    
No. of Option Shares:    
Option Exercise Price per Share:    $[FMV on Grant Date]
Grant Date:    February 1, 2022    
Vesting Commencement Date:    Grant Date

Expiration Date:    January 31, 2032    
Pursuant to the COMPASS Pathways plc 2020 Share Option and Incentive Plan, as amended through the date hereof (the “Plan”), COMPASS Pathways plc (the “Company”) hereby grants to the Optionee named above an option (the “Share Option”) to purchase on or prior to the Expiration Date specified above all or part of the number of Shares specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan.  This Share Option is not intended to be an “incentive stock option” under Section 422 of the U.S. Internal Revenue Code of 1986, as amended.
1.Vesting and Exercisability Schedule.  No portion of this Share Option may be exercised until such portion shall have vested become exercisable.  Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 2 of the Plan) to accelerate the exercisability schedule hereunder, this Share Option shall become vested and exercisable as follows, so long as Optionee remains an employee of the Company or any Subsidiary on such dates: in 48 equal monthly installments commencing with the one-month anniversary of the Vesting Commencement Date.  
Once vested and exercisable, this Share Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan.
2.Manner of Exercise.
(a)The Optionee may exercise this Share Option only in the following manner:  from time to time on or prior to the Expiration Date of this Share Option, the Optionee may give written notice to the Administrator of his or her election to purchase some or all of the Option Shares purchasable at the time of such notice.  This notice shall specify the number of Option Shares to be purchased.
Payment of the purchase price for the Option Shares may be made by one or more of the following methods:  (i) in cash, by certified or bank check or other instrument acceptable to the Administrator; (ii) through the delivery (or attestation to the ownership) of Shares that have been purchased by the Optionee on the open market or that are beneficially owned by the Optionee and are not then subject to any restrictions under any Company plan and that otherwise satisfy any holding periods as may be required by the Administrator; (iii) by the Optionee delivering to 

the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company to pay the option purchase price, provided that in the event the Optionee chooses to pay the option purchase price as so provided, the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure; (iv) by a “net exercise” arrangement pursuant to which the Company will reduce the number of Shares issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; or (v) a combination of (i), (ii), (iii) and (iv) above.  Payment instruments will be received subject to collection.
The transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company’s receipt from the Optionee of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained herein or in the Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Shares to be purchased pursuant to the exercise of Share Options under the Plan and any subsequent resale of the Shares will be in compliance with applicable laws and regulations.  In the event the Optionee chooses to pay the purchase price by previously-owned Shares through the attestation method, the number of Shares transferred to the Optionee upon the exercise of the Share Option shall be net of the Shares attested to.
(b)The Shares purchased upon exercise of this Share Option shall be transferred to the Optionee on the records of the Company or of the transfer agent upon compliance to the satisfaction of the Administrator with all requirements under applicable laws or regulations in connection with such transfer and with the requirements hereof and of the Plan.  The determination of the Administrator as to such compliance shall be final and binding on the Optionee.  The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any Shares subject to this Share Option unless and until this Share Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall have transferred the shares to the Optionee, and the Optionee’s name shall have been entered as the shareholder of record on the books of the Company.  Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to such Shares.
(c)Notwithstanding any other provision hereof or of the Plan, no portion of this Share Option shall be exercisable after the Expiration Date hereof.
3.Termination of Employment.  If the Optionee’s employment by the Company or a Subsidiary (as defined in the Plan) is terminated, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below.
(a)Termination Due to Death.  If the Optionee’s employment terminates by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.  Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.
(b)Termination Due to Disability.  If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of such termination of employment, may thereafter be exercised by the Optionee for a period of 12 months from the date of disability or until the Expiration Date, if earlier.  Any portion of this Stock Option that is 
    2

not exercisable on the date of disability shall terminate immediately and be of no further force or effect.
(c)Termination for Cause.  If the Optionee’s employment terminates for Cause, any portion of this Stock Option outstanding on such date shall terminate immediately and be of no further force and effect.  For purposes hereof, “Cause” shall mean, unless otherwise provided in an employment agreement between the Company and the Optionee, a determination by the Administrator that the Optionee shall be dismissed as a result of (i) any material breach by the Optionee of any agreement between the Optionee and the Company; (ii) the conviction of, indictment for or plea of nolo contendere by the Optionee to a felony or a crime involving moral turpitude; or (iii) any material misconduct or willful and deliberate non-performance (other than by reason of disability) by the Optionee of the Optionee’s duties to the Company.
(d)Other Termination.  If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier.  
Any portion of this Share Option that is not vested and exercisable on the date of termination shall, unless otherwise determined by the Administrator, terminate immediately and be of no further force or effect.  The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.
4.Incorporation of Plan.  Notwithstanding anything herein to the contrary, this Share Option shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan.  Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.
5.Transferability.  This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution.  This Share Option is exercisable, during the Optionee’s lifetime, only by the Optionee, and thereafter, only by the Optionee’s legal representative or legatee.
6.Tax Withholding.  The Optionee shall, not later than the date as of which the exercise of this Share Option becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event.  The Company shall have the authority to cause the required tax withholding obligation to be satisfied, in whole or in part, by withholding from Shares to be issued to the Optionee a number of Shares with an aggregate Fair Market Value that would satisfy the withholding amount due (provided that such amount shall not exceed the maximum statutory tax rate). 
7.UK Taxes.  No Shares will be delivered to the Optionee pursuant to the exercise of the Share Option until the Optionee has made arrangements acceptable to the Company for the satisfaction of any applicable domestic or foreign income tax and employment tax of any kind (including, but not limited to, any United Kingdom income tax or National Insurance contributions) required by law to be paid or withheld by the Company or any Subsidiary, including, without limitation, such other tax obligations of the Optionee incidental to the receipt of Shares, together (to the extent legally permissible) with any employer’s (secondary) National Insurance contributions which may arise with respect this Agreement.  Upon exercise of the 
    3

Share Option, the Company or the Optionee’s employer may offset or withhold (from any amount owed by the Company or the Optionee’s employer to the Optionee) or collect from the Optionee an amount sufficient to satisfy such tax or withholding obligations.  Furthermore, in the event of any determination that the Company or any Subsidiary has failed to withhold a sum sufficient to pay all taxes due in connection with the Share Option, the Optionee agrees to pay to the Company or the relevant Subsidiary such amount in cash within five (5) days after receiving a written demand from the Company or the relevant Subsidiary to do so, whether or not the Optionee is an employee of the Company or such Subsidiary at that time.
8.Transfer of Burden of Employer’s National Insurance contributions. If the Optionee is tax resident in the United Kingdom (a “UK Participant”), the Optionee agrees with and undertakes to the Company and, if different, to its employer that: 
(i)The Optionee’s employer may recover from the Optionee, as set out in Section 3 above, the whole or any part of any employer’s (secondary) National Insurance contributions which may arise with respect to any taxable event arising as a result of this Agreement; and 
(ii)The Optionee shall, if requested by the Company, join with its employer in making an election (in a form approved by HMRC under paragraph 3B of Schedule 1 to the Social Security Contributions and Benefits Act 1992) for the transfer to the Optionee of the whole, or such part as the Company may determine, of any liability to employer’s (secondary) National Insurance contributions which may arise with respect to any taxable event arising as a result of this Agreement.
9.No Obligation to Continue Employment.  Neither the Company nor any Subsidiary is obligated by or as a result of the Plan or this Agreement to continue the Optionee’s Service Relationship and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Subsidiary to terminate the Service Relationship of the Optionee at any time.
10.Integration.  This Agreement constitutes the entire agreement between the parties with respect to this Share Option and supersedes all prior agreements and discussions between the parties concerning such subject matter.
11.Data Privacy Consent.  In order to administer the Plan and this Agreement and to implement or structure future equity grants, the Company, its subsidiaries and affiliates and certain agents thereof (together, the “Relevant Companies”) may process any and all personal or professional data, including but not limited to Social Security or other identification number, home address and telephone number, date of birth and other information that is necessary or desirable for the administration of the Plan and/or this Agreement (the “Relevant Information”).  By entering into this Agreement, the Optionee (i) authorizes the Company to collect, process, register and transfer to the Relevant Companies all Relevant Information; (ii) waives any privacy rights the Optionee may have with respect to the Relevant Information; (iii) authorizes the Relevant Companies to store and transmit such information in electronic form; and (iv) authorizes the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies consider appropriate.  The Optionee shall have access to, and the right to change, the Relevant Information.  Relevant Information will only be used in accordance with applicable law.
12.Notices.  Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Optionee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing.
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COMPASS PATHWAYS PLC
By:        
    Title: 
The foregoing Agreement is hereby accepted and the terms and conditions thereof hereby agreed to by the undersigned.  Electronic acceptance of this Agreement pursuant to the Company’s instructions to the Optionee (including through an online acceptance process) is acceptable.
Dated:                
Optionee’s Signature

Optionee’s name and address: 
    
    
        
    
    
    

    5Exhibit
4.4

 

LIVEONE,
INC.

 

Issuer

 

AND

 

[   ]

 

Trustee

 

INDENTURE

 

Dated
as of [   ]

 

Senior
Debt Securities

 

    

     

    

 

CROSS-REFERENCE
TABLE (1)

 

	Section of Trust Indenture Act of 1939, as Amended	 	Section of Indenture
	310(a).	 	7.09
	310(b).	 	7.08
	 	 	7.10
	310(c).	 	Inapplicable
	311(a).	 	7.13(a)
	311(b).	 	7.13(b)
	311(c).	 	Inapplicable
	312(a)	 	5.02(a)
	312(b).	 	5.02(b)
	312(c).	 	5.02(c)
	313(a).	 	5.04(a)
	313(b).	 	5.04(a)
	313(c).	 	5.04(a)
	 	 	5.04(b)
	313(d).	 	5.04(b)
	314(a).	 	5.03
	314(b).	 	Inapplicable
	314(c).	 	13.06
	314(d).	 	Inapplicable
	314(e).	 	13.06
	314(f).	 	Inapplicable
	315(a).	 	7.01(a)
	 	 	7.02
	315(b).	 	6.07
	315(c).	 	7.01
	315(d).	 	7.01(b)
	 	 	7.01(c)
	315(e).	 	6.07
	316(a).	 	6.06
	 	 	8.04
	316(b).	 	6.04
	316(c).	 	8.01
	317(a).	 	6.02
	317(b).	 	4.03
	318(a).	 	13.08

 

	(1)	This
                                            Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing
                                            on the interpretation of any of its terms or provisions.

 

    

     

    

 

TABLE
OF CONTENTS (2)

 

	ARTICLE
    I DEFINITIONS	1
	 	 	 
	SECTION 1.01	Definitions
    of Terms	1
	 	 	 
	ARTICLE
    II ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES	4
	 	 	 
	SECTION 2.01	Designation
    and Terms of Securities	4
	SECTION 2.02	Form
    of Securities and Trustee’s Certificate	5
	SECTION 2.03	Denominations:
    Provisions for Payment	5
	SECTION 2.04	Execution
    and Authentications	6
	SECTION 2.05	Registration
    of Transfer and Exchange	7
	SECTION 2.06	Temporary
    Securities	8
	SECTION 2.07	Mutilated,
    Destroyed, Lost or Stolen Securities	8
	SECTION 2.08	Cancellation	8
	SECTION 2.09	Benefits
    of Indenture	9
	SECTION 2.10	Authenticating
    Agent	9
	SECTION 2.11	Global
    Securities	9
	 	 	 
	ARTICLE
    III REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS	10
	 	 	 
	SECTION 3.01	Redemption	10
	SECTION 3.02	Notice
    of Redemption	10
	SECTION 3.03	Payment
    Upon Redemption	11
	SECTION 3.04	Sinking
    Fund	11
	SECTION 3.05	Satisfaction
    of Sinking Fund Payments with Securities	11
	SECTION 3.06	Redemption
    of Securities for Sinking Fund	11
	 	 	 
	ARTICLE
    IV COVENANTS	12
	 	 	 
	SECTION 4.01	Payment
    of Principal, Premium and Interest	12
	SECTION 4.02	Maintenance
    of Office or Agency	12
	SECTION 4.03	Paying
    Agents	12
	SECTION 4.04	Appointment
    to Fill Vacancy in Office of Trustee	13
	SECTION 4.05	Compliance
    with Consolidation Provisions	13
	 	 	 
	ARTICLE
    V SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE	13
	 	 	 
	SECTION 5.01	Company
    to Furnish Trustee Names and Addresses of Securityholders	13
	SECTION 5.02	Preservation
    of Information; Communications with Securityholders	13
	SECTION 5.03	Reports
    by the Company	14
	SECTION 5.04	Reports
    by the Trustee	14
	 	 	 
	ARTICLE
    VI REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	14
	 	 	 
	SECTION 6.01	Events
    of Default	14
	SECTION 6.02	Collection
    of Indebtedness and Suits for Enforcement by Trustee	16
	SECTION 6.03	Application
    of Moneys Collected	16
	SECTION 6.04	Limitation
    on Suits.	17
	SECTION 6.05	Rights
    and Remedies Cumulative; Delay or Omission Not Waiver.	17
	SECTION 6.06	Control
    by Securityholders.	18

 

    i

     

    

 

	SECTION 6.07	Undertaking
    to Pay Costs.	18
	 	 	 
	ARTICLE
    VII CONCERNING THE TRUSTEE	18
	 	 	 
	SECTION 7.01	Certain
    Duties and Responsibilities of Trustee.	18
	SECTION 7.02	Certain
    Rights of Trustee.	19
	SECTION 7.03	Trustee
    Not Responsible for Recitals or Issuance of Securities.	20
	SECTION 7.04	May
    Hold Securities.	20
	SECTION 7.05	Moneys
    Held in Trust.	20
	SECTION 7.06	Compensation
    and Reimbursement.	21
	SECTION 7.07	Reliance
    on Officers’ Certificate.	21
	SECTION 7.08	Disqualification;
    Conflicting Interests.	21
	SECTION 7.09	Corporate
    Trustee Required; Eligibility.	21
	SECTION 7.10	Resignation
    and Removal; Appointment of Successor.	21
	SECTION 7.11	Acceptance
    of Appointment By Successor.	22
	SECTION 7.12	Merger,
    Conversion, Consolidation or Succession to Business.	23
	SECTION 7.13	Preferential
    Collection of Claims Against the Company.	23
	 	 	 
	ARTICLE
    VIII CONCERNING THE SECURITYHOLDERS	23
	 	 	 
	SECTION 8.01	Evidence
    of Action by Securityholders.	23
	SECTION 8.02	Proof
    of Execution by Securityholders.	24
	SECTION 8.03	Who
    May be Deemed Owners.	24
	SECTION 8.04	Certain
    Securities Owned by Company Disregarded.	24
	SECTION 8.05	Actions
    Binding on Future Securityholders.	25
	SECTION 8.06	Purposes
    for Which Meetings May Be Called.	25
	SECTION 8.07	Call
    Notice and Place of Meetings.	25
	SECTION 8.08	Persons
    Entitled To Vote at Meetings.	25
	SECTION 8.09	Quorum;
    Action.	26
	SECTION 8.10	Determination
    of Voting Rights; Conduct and Adjournment of Meetings.	26
	SECTION 8.11	Counting
    Votes and Recording Action of Meetings.	26
	 	 	 
	ARTICLE
    IX SUPPLEMENTAL INDENTURES	27
	 	 	 
	SECTION 9.01	Supplemental
    Indentures Without the Consent of Securityholders.	27
	SECTION 9.02	Supplemental
    Indentures With Consent of Securityholders.	28
	SECTION 9.03	Effect
    of Supplemental Indentures.	28
	SECTION 9.04	Securities
    Affected by Supplemental Indentures.	28
	SECTION 9.05	Execution
    of Supplemental Indentures.	28
	 	 	 
	ARTICLE
    X SUCCESSOR ENTITY	29
	 	 	 
	SECTION 10.01	Company
    May Consolidate, Etc.	29
	SECTION 10.02	Successor
    Entity Substituted.	29
	SECTION 10.03	Evidence
    of Consolidation, Etc. to Trustee.	29
	 	 	 
	ARTICLE
    XI SATISFACTION AND DISCHARGE	30
	 	 	 
	SECTION 11.01	Satisfaction
    and Discharge of Indenture.	30
	SECTION 11.02	Discharge
    of Obligations.	30
	SECTION 11.03	Deposited
    Moneys to be Held in Trust.	30
	SECTION 11.04	Payment
    of Moneys Held by Paying Agents.	30

 

    ii

     

    

 

	SECTION 11.05	Repayment to
    Company.	30
	 	 	 
	ARTICLE XII
    IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	31
	 	 	 
	SECTION 12.01	No Recourse.	31
	 	 	 
	ARTICLE XIII
    MISCELLANEOUS PROVISIONS	31
	 	 	 
	SECTION 13.01	Effect on Successors and
    Assigns.	31
	SECTION 13.02	Actions by Successor.	31
	SECTION 13.03	Surrender of Company Powers.	31
	SECTION 13.04	Notices.	31
	SECTION 13.05	Governing Law.	31
	SECTION 13.06	Treatment of Securities
    as Debt.	32
	SECTION 13.07	Compliance Certificates
    and Opinions.	32
	SECTION 13.08	Payments on Business Days.	32
	SECTION 13.09	Conflict with Trust Indenture
    Act.	32
	SECTION 13.10	Counterparts.	32
	SECTION 13.11	Separability.	32
	SECTION 13.12	Assignment.	32

   

	(2)	This
                                            Table of Contents does not constitute part of the Indenture and shall not have any bearing
                                            on the interpretation of any of its terms and provisions.

 

    iii

     

    

 

INDENTURE,
dated as of [   ], by and between LiveOne, Inc., a Delaware corporation (the “Company”), and [   ],
as trustee (the “Trustee”):

 

WHEREAS,
for its lawful corporate purposes, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance
of debt securities (hereinafter referred to as the “Securities”), in an unlimited aggregate principal amount to be issued
from time to time in one or more series as in this Indenture provided, as registered Securities without coupons, to be authenticated
by the certificate of the Trustee;

 

WHEREAS,
to provide the terms and conditions upon which the Securities are to be authenticated, issued and delivered, the Company has duly authorized
the execution of this Indenture; and

 

WHEREAS,
all things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done.

 

NOW,
THEREFORE, in consideration of the premises and the purchase of the Securities by the holders thereof, it is mutually covenanted and
agreed as follows for the equal and ratable benefit of the holders of Securities:

 

ARTICLE
I

 

DEFINITIONS

 

SECTION
1.01 Definitions of Terms.

 

The
terms defined in this Section (except as in this Indenture otherwise expressly provided or unless the context otherwise requires) for
all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section
and shall include the plural as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture
Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as herein otherwise
expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture
Act and in said Securities Act as in force at the date of the execution of this instrument.

 

“Authenticating
Agent” means an authenticating agent with respect to all or any of the series of Securities appointed with respect to all or any
series of the Securities by the Trustee pursuant to Section 2.10.

 

“Bankruptcy
Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

 

“Board
of Directors” means the Board of Directors of the Company or any duly authorized committee of such Board.

 

“Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly
adopted by the Board of Directors and to be in full force and effect on the date of such certification.

 

“Business
Day” means, with respect to any series of Securities, any day other than a day on which Federal or State banking institutions in
the Borough of Manhattan, the City and State of New York, are authorized or obligated by law, executive order or regulation to close.

 

“Certificate”
means a certificate signed by the principal executive officer, the principal financial officer or the principal accounting officer of
the Company. The Certificate need not comply with the provisions of Section 13.07.

 

“Commission”
means the Securities and Exchange Commission.

 

“Company”
means the corporation named as the “Company” in the first paragraph of this instrument until a successor corporation shall
have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor
corporation.

 

“Corporate
Trust Office” means the office of the Trustee at which, at any particular time, its corporate trust business shall be principally
administered, which office at the date hereof is located at [   ], except that whenever a provision herein refers to an
office or agency of the Trustee in the Borough of Manhattan, the City and State of New York, such office is located, at the date hereof,
at [    ].

 

    1

     

    

 

“Custodian”
means any receiver, trustee, assignee, liquidator, or similar official under any Bankruptcy Law.

 

“Default”
means an event which is, or after notice or lapse of time, or both, would constitute an Event of Default.

 

“Depositary”
means, with respect to Securities of any series, for which the Company shall determine that such Securities will be issued as a Global
Security, The Depository Trust Company, New York, New York, another clearing agency, or any successor registered as a clearing agency
under the Exchange Act, or other applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to
either Section 2.01 or Section 2.11.

 

“Event
of Default” means, with respect to Securities of a particular series, any event specified in Section 6.01, continued for the period
of time, if any, therein designated.

 

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

 

“Global
Security” means, with respect to any series of Securities, a Security executed by the Company and delivered by the Trustee to the
Depositary or pursuant to the Depositary’s instruction, all in accordance with this Indenture, which shall be registered in the
name of the Depositary or its nominee.

  

“Governmental
Obligations” means securities that are (i) direct obligations of the United States of America 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 of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United
States of America that, in either case, are non-callable at the option of the issuer thereof, and shall also include a depositary receipt
issued by a bank (as defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with respect to any such Governmental
Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account
of the holder of such depositary receipt; provided, however, 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 Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary
receipt.

 

“herein,”
“hereof” and “hereunder,” and other words of similar import, refer to this Indenture as a whole and not to any
particular Article, Section or other subdivision.

 

“Indenture”
means this instrument as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental
hereto entered into in accordance with the terms hereof.

 

“Interest
Payment Date,” when used with respect to any installment of interest on a Security of a particular series, means the date specified
in such Security or in a Board Resolution or in an indenture supplemental hereto with respect to such series as the fixed date on which
an installment of interest with respect to Securities of that series is due and payable.

 

“Officers’
Certificate” means a certificate signed by the President or a Vice President and by the Chief Financial Officer, Vice President
of Finance, the Treasurer or an Assistant Treasurer or the Controller or an Assistant Controller or the Secretary or an Assistant Secretary
of the Company that is delivered to the Trustee in accordance with the terms hereof. Certificate shall include the statements provided
for in Section 13.07, if and to the extent required by the provisions thereof.

 

“Opinion
of Counsel” means a written opinion of counsel, who may be counsel to the Company (and may include directors or employees of the
Company) and which opinion is acceptable to the Trustee which acceptance shall not be unreasonably withheld.

 

“Outstanding”,
when used with reference to Securities of any series, means, subject to the provisions of Section 8.04, as of any particular time, all
Securities of that series theretofore authenticated and delivered by the Trustee under this Indenture, except (a) Securities theretofore
canceled by the Trustee or any paying agent, or delivered to the Trustee or any paying agent for cancellation or that have previously
been canceled; (b) Securities or portions thereof for the payment or redemption of which moneys or Governmental Obligations in the necessary
amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Company) or shall have been set aside
and segregated in trust by the Company (if the Company shall act as its own paying agent); provided, however, that if such Securities
or portions of such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as in
Article III provided, or provision satisfactory to the Trustee shall have been made for giving such notice; and (c) Securities in lieu
of or in substitution for which other Securities shall have been authenticated and delivered pursuant to the terms of Section 2.07.

 

    2

     

    

 

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

 

“Predecessor
Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced
by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in
lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or
stolen Security.

 

“Responsible
Officer,” when used with respect to the Trustee, means any officer of the Trustee, including any vice president, assistant vice
president, secretary, assistant secretary, the treasurer, any assistant treasurer, the managing director or any other officer of the
Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect
to a particular corporate trust matter, any other officer to whom such matter is referred because of such officer’s knowledge of
and familiarity with the particular subject.

 

“Securities”
means the debt Securities authenticated and delivered under this Indenture.

 

“Security
Register” has the meaning specified in Section 2.05.

 

“Security
Registrar” has the meaning specified in Section 2.05.

 

“Securityholder,”
“holder of Securities,” “registered holder,” or other similar term, means the Person or Persons in whose name
or names a particular Security shall be registered in the Security Register.

 

“Subsidiary”
means, with respect to any Person, (i) any corporation at least a majority of whose outstanding Voting Stock shall at the time be owned,
directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, (ii)
any general partnership, joint venture or similar entity, at least a majority of whose outstanding partnership or similar interests shall
at the time be owned by such Person, or by one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries and
(iii) any limited partnership of which such Person or any of its Subsidiaries is a general partner.

 

“Trustee”
means the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have become
such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean such successor Trustee.
The term “Trustee” as used with respect to a particular series of the Securities shall mean the trustee with respect to that
series.

 

“Trust
Indenture Act” means the Trust Indenture Act of 1939, as amended, subject to the provisions of Sections 9.01, 9.02, and 10.01,
as in effect at the date of execution of this instrument; provided, however, that in the event the Trust Indenture Act is amended after
such date, Trust Indenture Act means, to the extent required by such amendment, the Trust Indenture Act of 1939, as so amended, or any
successor statute.

 

“Voting
Stock,” as applied to any Person, means shares, interests, participations or other equivalents in the equity interest (however
designated) in such Person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such Person,
other than shares, interests, participations or other equivalents having such power only by reason of the occurrence of a contingency.

 

    3

     

    

 

ARTICLE
II

 

ISSUE,
DESCRIPTION, TERMS, EXECUTION,

REGISTRATION
AND EXCHANGE OF SECURITIES

 

SECTION
2.01 Designation and Terms of Securities.

 

		(a)	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 up to the aggregate
                                            principal amount of Securities of that series from time to time authorized by or pursuant
                                            to a Board Resolution of the Company or pursuant to one or more indentures supplemental hereto.
                                            Prior to the initial issuance of Securities of a given series, there shall be established
                                            in 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:

 

		(1)	the
                                            title of the Security of the series (which shall distinguish the Securities of the series
                                            from all other Securities);

 

		(2)	the
                                            aggregate principal amount of the Securities of such series initially to be issued and any
                                            limit upon the aggregate principal amount of the Securities of that series that may be authenticated
                                            and delivered under this Indenture (except for Securities authenticated and delivered upon
                                            registration of transfer of, or in exchange for, or in lieu of, other Securities of that
                                            series);

  

		(3)	the currency or units based
    on or relating to currencies in which debt securities of such series are denominated and the currency or units in which principal
    or interest or both will or may be payable;

 

		(4)	the date or dates on which
    the principal of the Securities of the series is payable and the place(s) of payment;

 

		(5)	the rate or rates at which
    the Securities of the series shall bear interest or the manner of calculation of such rate or rates, if any;

 

		(6)	the date or dates from
    which such interest shall accrue, the Interest Payment Dates on which such interest will be payable or the manner of determination
    of such Interest Payment Dates, the place(s) of payment, and the record date for the determination of holders to whom interest is
    payable on any such Interest Payment Dates or the method for determining such dates;

 

		(7)	the right, if any, to extend
    the interest payment periods or to defer the payment of interest and the duration of such extension;

 

		(8)	the period or periods within
    which, the price or prices at which and the terms and conditions upon which, Securities of the series may be redeemed, in whole or
    in part, at the option of the Company;

 

		(9)	the obligation, if any,
    of the Company to redeem or purchase Securities of the series pursuant to any sinking fund or analogous provisions (including payments
    made in cash in satisfaction of future sinking fund obligations) or at the option of a holder thereof and the period or periods within
    which, the price or prices at which, and the terms and conditions upon which, Securities of the series shall be redeemed or purchased,
    in whole or in part, pursuant to such obligation;

 

		(10)	whether or not the debt
    securities will be secured or unsecured, and the terms of any secured debt;

 

		(11)	the form of the Securities
    of the series including the form of the Certificate of Authentication for such series;

 

		(12)	if other than denominations
    of one thousand U.S. dollars ($1,000) or any integral multiple thereof, the denominations in which the Securities of the series shall
    be issuable;

 

		(13)	any and all other terms
    with respect to such series (which terms shall not be inconsistent with the terms of this Indenture, as amended by any supplemental
    indenture) including any terms which may be required by or advisable under United States laws or regulations or advisable in connection
    with the marketing of Securities of that series;

 

    4

     

    

 

		(14)	whether
                                            the Securities are issuable as a Global Security and, in such case, the identity of the Depositary
                                            for such series;

 

		(15)	whether the Securities
    will be convertible into shares of common stock or other securities of the Company and, if so, the terms and conditions upon which
    such Securities will be so convertible, including the conversion price and the conversion period;

 

		(16)	if other than the principal
    amount thereof, the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration
    of the maturity thereof pursuant to Section 6.01; and

 

		(17)	any additional or different
    Events of Default or restrictive covenants provided for with respect to the Securities of the series.

 

All
Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or
pursuant to any such Board Resolution or in any indentures supplemental hereto.

 

If
any of the terms of the series are established by action taken pursuant to a Board Resolution of the Company, a copy of an appropriate
record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or
prior to the delivery of the Officers’ Certificate of the Company setting forth the terms of the series.

 

Securities
of any particular series may be issued at various times, with different dates on which the principal or any installment of principal
is payable, with different rates of interest, if any, or different methods by which rates of interest may be determined, with different
dates on which such interest may be payable and with different redemption dates.

  

SECTION
2.02 Form of Securities and Trustee’s Certificate.

 

The
Securities of any series and the Trustee’s certificate of authentication to be borne by such Securities shall be substantially
of the tenor and purport as set forth in one or more indentures supplemental hereto or as provided in a Board Resolution of the Company
and as set forth in an Officers’ Certificate of the Company and may have such letters, numbers or other marks of identification
or designation and such legends or endorsements printed, lithographed or engraved 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 stock exchange on which Securities of that series may be listed, or to conform
to usage.

 

SECTION
2.03 Denominations: Provisions for Payment.

 

The
Securities shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral
multiple thereof, subject to Section 2.01(a)(12). The Securities of a particular series shall bear interest payable on the dates and
at the rate specified with respect to that series. The principal of and the interest on the Securities of any series, as well as any
premium thereon in case of redemption thereof prior to maturity, shall be payable in the coin or currency of the United States of America
that at the time is legal tender for public and private debt, at the office or agency of the Company maintained for that purpose in the
Borough of Manhattan, the City and State of New York. Each Security shall be dated the date of its authentication. Interest on the Securities
shall be computed on the basis of a 360-day year composed of twelve 30-day months.

 

The
interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for Securities
of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close
of business on the regular record date for such interest installment. In the event that any Security of a particular series or portion
thereof is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment
Date and prior to such Interest Payment Date, interest on such Security will be paid upon presentation and surrender of such Security
as provided in Section 3.03.

 

    5

     

    

 

Any
interest on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities
of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the
relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its election,
as provided in clause (1) or clause (2) below:

 

		(1)	The Company may make payment
    of any Defaulted Interest on Securities to the Persons in whose names such 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, 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 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 not be more than 15 nor less than 10 days prior to the date of
    the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee
    shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice
    of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid,
    to each Securityholder at his or her address as it appears in the Security Register, not less than 10 days prior to such special
    record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor having been mailed as
    aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities)
    are registered on such special record date.

 

		(2)	The Company may make payment
    of any Defaulted Interest on any Securities in any other lawful manner not inconsistent with the requirements of any securities exchange
    on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company
    to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

 

Unless
otherwise set forth in a Board Resolution of the Company or one or more indentures supplemental hereto establishing the terms of any
series of Securities pursuant to Section 2.01 hereof, the term “regular record date” as used in this Section with respect
to a series of Securities with respect to any Interest Payment Date for such series shall mean either the fifteenth day of the month
immediately preceding the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof shall occur,
if such Interest Payment Date is the first day of a month, or the last day of the month immediately preceding the month in which an Interest
Payment Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the fifteenth
day of a month, whether or not such date is a Business Day.

 

Subject
to the foregoing provisions of this Section, each Security of a series delivered under this Indenture upon transfer of or in exchange
for or in lieu of any other Security of such series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried
by such other Security.

  

SECTION
2.04 Execution and Authentications.

 

The
Securities shall be signed on behalf of the Company by its President, or one of its Vice Presidents, or its Treasurer, or one of its
Assistant Treasurers, or its Secretary, or one of its Assistant Secretaries, under its corporate seal attested by its Secretary or one
of its Assistant Secretaries. Signatures may be in the form of a manual or facsimile signature. The Company may use the facsimile signature
of any Person who shall have been a President or Vice President thereof, or of any Person who shall have been a Treasurer or Assistant
Treasurer thereof, or of any Person who shall have been a Secretary or Assistant Secretary thereof, notwithstanding the fact that at
the time the Securities shall be authenticated and delivered or disposed of such Person shall have ceased to be the President or a Vice
President, the Treasurer or an Assistant Treasurer or the Secretary or an Assistant Secretary, of the Company. The seal of the Company
may be in the form of a facsimile of such seal and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. The
Securities may contain such notations, legends or endorsements required by law, stock exchange rule or usage. Each Security shall be
dated the date of its authentication.

 

    6

     

    

 

A
Security shall not be valid or obligatory for any purpose and shall not be entitled to any benefit under this Indenture, in each case,
until authenticated with a certificate of authentication manually signed by an authorized signatory of the Trustee, or by an Authenticating
Agent. Such certificate shall be conclusive evidence, and the only evidence, that the Security so authenticated has been duly authenticated
and delivered hereunder and that the Security is entitled to the benefits of this Indenture. At any time and from time to time after
the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee
for authentication, together with a written order of the Company for the authentication and delivery of such Securities, signed by its
President or any Vice President and its Secretary or any Assistant Secretary, and the Trustee in accordance with such written order shall
authenticate and deliver such Securities.

 

In
authenticating such Securities and accepting the additional responsibilities under this Indenture in relation to such Securities, the
Trustee shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating
that the form and terms thereof have been established in conformity with the provisions of this Indenture.

 

The
Trustee shall not be required to authenticate such Securities if the issue of such Securities pursuant to this Indenture will affect
the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably
acceptable to the Trustee.

  

SECTION
2.05 Registration of Transfer and Exchange.

 

		(a)	Securities
                                            of any series may be exchanged upon presentation thereof at the office or agency of the Company
                                            designated for such purpose in the Borough of Manhattan, the City and State of New York,
                                            for other Securities of such series of authorized denominations, and for a like aggregate
                                            principal amount, upon payment of a sum sufficient to cover any tax or other governmental
                                            charge in relation thereto, all as provided in this Section. In respect of any Securities
                                            so surrendered for exchange, the Company shall execute, the Trustee shall authenticate and
                                            such office or agency shall deliver in exchange therefor the Security or Securities of the
                                            same series that the Securityholder making the exchange shall be entitled to receive, bearing
                                            numbers not contemporaneously outstanding.

 

		(b)	The Company shall keep,
    or cause to be kept, at its office or agency designated for such purpose in the Borough of Manhattan, the City and State of New York,
    or such other location designated by the Company a register or registers (herein referred to as the “Security Register”)
    in which, subject to such reasonable regulations as it may prescribe, the Company shall register the Securities and the transfers
    of Securities as in this Article provided and which at all reasonable times shall be open for inspection by the Trustee. The registrar
    for the purpose of registering Securities and transfer of Securities as herein provided shall be appointed as authorized by Board
    Resolution (the “Security Registrar”).

 

Upon
surrender for transfer of any Security at the office or agency of the Company designated for such purpose, the Company shall execute,
the Trustee shall authenticate and such office or agency shall deliver in the name of the transferee or transferees a new Security or
Securities of the same series as the Security presented for a like aggregate principal amount.

 

All
Securities presented or surrendered for exchange or registration of transfer, as provided in this Section, shall be accompanied (if so
required by the Company or the Security Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company
or the Security Registrar, duly executed by the registered holder or by such holder’s duly authorized attorney in writing.

 

		(c)	No service charge shall
    be made for any exchange or registration of transfer of Securities, or issue of new Securities in case of partial redemption of any
    series, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge in relation thereto,
    other than exchanges pursuant to Section 2.06, Section 3.03(b) and Section 9.04 not involving any transfer.

 

		(d)	The Company shall not be
    required (i) to issue, exchange or register the transfer of any Securities during a period beginning at the opening of business 15
    days before the day of the mailing of a notice of redemption of less than all the Outstanding Securities of the same series and ending
    at the close of business on the day of such mailing, nor (ii) to register the transfer of or exchange any Securities of any series
    or portions thereof called for redemption. The provisions of this Section 2.05 are, with respect to any Global Security, subject
    to Section 2.11 hereof.

  

    7

     

    

 

SECTION
2.06 Temporary Securities.

 

Pending
the preparation of definitive Securities of any series, the Company may execute, and the Trustee shall authenticate and deliver, temporary
Securities (printed, lithographed or typewritten) of any authorized denomination. Such temporary Securities shall be substantially in
the form of the definitive Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be
appropriate for temporary Securities, all as may be determined by the Company. Every temporary Security of any series shall be executed
by the Company and be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect,
as the definitive Securities of such series. Without unnecessary delay the Company will execute and will furnish definitive Securities
of such series and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor (without charge to
the holders), at the office or agency of the Company designated for the purpose in the Borough of Manhattan, the City and State of New
York, and the Trustee shall authenticate and such office or agency shall deliver in exchange for such temporary Securities an equal aggregate
principal amount of definitive Securities of such series, unless the Company advises the Trustee to the effect that definitive Securities
need not be executed and furnished until further notice from the Company. Until so exchanged, the temporary Securities of such series
shall be entitled to the same benefits under this Indenture as definitive Securities of such series authenticated and delivered hereunder.

 

SECTION
2.07 Mutilated, Destroyed, Lost or Stolen Securities.

 

In
case any temporary or definitive Security shall become mutilated or be destroyed, lost or stolen, the Company (subject to the next succeeding
sentence) shall execute, and upon the Company’s request the Trustee (subject as aforesaid) shall authenticate and deliver, a new
Security of the same series, bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated Security,
or in lieu of and in substitution for the Security so destroyed, lost or stolen. In every case the applicant for a substituted Security
shall furnish to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, and,
in every case of destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee evidence to their satisfaction
of the destruction, loss or theft of the applicant’s Security and of the ownership thereof. The Trustee may authenticate any such
substituted Security and deliver the same upon the written request or authorization of any officer of the Company. Upon the issuance
of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that
may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. In case
any Security that has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company may, instead
of issuing a substitute Security, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated
Security) if the applicant for such payment shall furnish to the Company and the Trustee such security or indemnity as they may require
to save them harmless, and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the
destruction, loss or theft of such Security and of the ownership thereof.

 

Every
replacement Security issued pursuant to the provisions of this Section shall constitute an additional contractual obligation of the Company
whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be
entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of the same series duly
issued hereunder. All Securities shall be held and owned upon the express condition that the foregoing provisions are exclusive with
respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any
and all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the
replacement or payment of negotiable instruments or other securities without their surrender.

  

SECTION
2.08 Cancellation.

 

All
Securities surrendered for the purpose of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company
or any paying agent, be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no
Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request
of the Company at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the
absence of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate
of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate
as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered to the Trustee
for cancellation.

 

    8

     

    

 

SECTION
2.09 Benefits of Indenture.

 

Nothing
in this Indenture or in the Securities, express or implied, shall give or be construed to give to any Person, other than the parties
hereto and the holders of the Securities any legal or equitable right, remedy or claim under or in respect of this Indenture, or under
any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of the
parties hereto and of the holders of the Securities.

 

SECTION
2.10 Authenticating Agent.

 

So
long as any of the Securities of any series remain Outstanding there may be an Authenticating Agent for any or all such series of Securities
which the Trustee shall have the right to appoint. Said Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate
Securities of such series issued upon exchange, transfer or partial redemption thereof, and Securities so authenticated shall be entitled
to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. All
references in this Indenture to the authentication of Securities by the Trustee shall be deemed to include authentication by an Authenticating
Agent for such series. Each Authenticating Agent shall be acceptable to the Company and shall be a corporation that has a combined capital
and surplus, as most recently reported or determined by it, sufficient under the laws of any jurisdiction under which it is organized
or in which it is doing business to conduct a trust business, and that is otherwise authorized under such laws to conduct such business
and is subject to supervision or examination by Federal or State authorities. If at any time any Authenticating Agent shall cease to
be eligible in accordance with these provisions, it shall resign immediately.

 

Any
Authenticating Agent may at any time resign by giving written notice of resignation to the Trustee and to the Company. The Trustee may
at any time (and upon request by the Company shall) terminate the agency of any Authenticating Agent by giving written notice of termination
to such Authenticating Agent and to the Company. Upon resignation, termination or cessation of eligibility of any Authenticating Agent,
the Trustee may appoint an eligible successor Authenticating Agent acceptable to the Company. Any successor Authenticating Agent, upon
acceptance of its appointment hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder as if
originally named as an Authenticating Agent pursuant hereto.

  

SECTION
2.11 Global Securities

 

		(a)	If the Company shall establish
    pursuant to Section 2.01 that some or all of the Securities of a particular series are to be issued as a Global Security, then the
    Company shall execute and the Trustee shall, in accordance with Section 2.04, authenticate and deliver, a Global Security that (i)
    shall represent, and shall be denominated in an amount equal to the aggregate principal amount of, the Outstanding Securities of
    such series which are to be issued as a Global Security, (ii) shall be registered in the name of the Depositary or its nominee, (iii)
    shall be delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction and (iv) shall bear a legend
    substantially to the following effect: “Except as otherwise provided in Section 2.11 of the Indenture, this Security may be
    transferred, in whole but not in part, only to another nominee of the Depositary or to a successor Depositary or to a nominee of
    such successor Depositary.”

 

		(b)	Notwithstanding the provisions
    of Section 2.05, the Global Security of a series may be transferred, in whole but not in part and in the manner provided in Section
    2.05, only to another nominee of the Depositary for such series, or to a successor Depositary for such series selected or approved
    by the Company or to a nominee of such successor Depositary.

 

		(c)	If
                                            at any time the Depositary for a series of the Securities notifies the Company that it is
                                            unwilling or unable to continue as Depositary for such series or if at any time the Depositary
                                            for such series shall no longer be registered or in good standing under the Exchange Act,
                                            or other applicable statute or regulation, and a successor Depositary for such series is
                                            not appointed by the Company within 90 days after the Company receives such notice or becomes
                                            aware of such condition, as the case may be, this Section 2.11 shall no longer be applicable
                                            to the Securities of such series and the Company will execute, and subject to Section 2.05,
                                            the Trustee will authenticate and deliver the Securities of such series in definitive registered
                                            form without coupons, in authorized denominations, and in an aggregate principal amount equal
                                            to the principal amount of the Global Security of such series in exchange for such Global
                                            Security. In addition, the Company may at any time determine that the Securities of any series
                                            shall no longer be represented by a Global Security and that the provisions of this Section
                                            2.11 shall no longer apply to the Securities of such series. In such event the Company will
                                            execute and subject to Section 2.05, the Trustee, upon receipt of an Officers’ Certificate
                                            evidencing such determination by the Company, will authenticate and deliver the Securities
                                            of such series in definitive registered form without coupons, in authorized denominations,
                                            and in an aggregate principal amount equal to the principal amount of the Global Security
                                            of such series in exchange for such Global Security. Upon the exchange of the Global Security
                                            for such Securities in definitive registered form without coupons, in authorized denominations,
                                            the Global Security shall be canceled by the Trustee. Such Securities in definitive registered
                                            form issued in exchange for the Global Security pursuant to this Section 2.11(c) shall be
                                            registered in such names and in such authorized denominations as the Depositary, pursuant
                                            to instructions from its direct or indirect participants or otherwise, shall instruct the
                                            Trustee. The Trustee shall deliver such Securities to the Depositary for delivery to the
                                            Persons in whose names such Securities are so registered.

  

    9

     

    

 

ARTICLE
III

 

REDEMPTION
OF SECURITIES AND

SINKING
FUND PROVISIONS

 

SECTION
3.01 Redemption.

 

The
Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established
for such series pursuant to Section 2.01 hereof.

 

SECTION
3.02 Notice of Redemption.

 

		(a)	In
case the Company shall desire to exercise such right to redeem all or, as the case may be, a portion of the Securities of any series
in accordance with the right reserved so to do, the Company shall, or shall cause the Trustee to, give notice of such redemption to holders
of the Securities of such series to be redeemed by mailing, first class postage prepaid, a notice of such redemption not less than 30
days and not more than 90 days before the date fixed for redemption of that series to such holders at their last addresses as they shall
appear upon the Security Register unless a shorter period is specified in the Securities to be redeemed. Any notice that is mailed in
the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder receives the
notice. In any case, failure duly to give such notice to the holder of any Security of any series designated for redemption in whole
or in part, or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Securities
of such series or any other series. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption
provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers’
Certificate evidencing compliance with any such restriction.

 

Each
such notice of redemption shall specify the date fixed for redemption and the redemption price at which Securities of that series are
to be redeemed, and shall state that payment of the redemption price of such Securities to be redeemed will be made at the office or
agency of the Company in the Borough of Manhattan, the City and State of New York, upon presentation and surrender of such Securities,
that interest accrued to the date fixed for redemption will be paid as specified in said notice, that from and after said date interest
will cease to accrue and that the redemption is for a sinking fund, if such is the case. If less than all the Securities of a series
are to be redeemed, the notice to the holders of Securities of that series to be redeemed in whole or in part shall specify the particular
Securities to be so redeemed. In case any Security is to be redeemed in part only, the notice that relates to such Security shall state
the portion of the principal amount thereof to be redeemed, and shall state that on and after the redemption date, upon surrender of
such Security, a new Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued.

 

		(b)	If less than all the Securities
    of a series are to be redeemed, the Company shall give the Trustee at least 30 days’ notice in advance of the date fixed for
    redemption as to the aggregate principal amount of Securities of the series to be redeemed, and thereupon the Trustee shall select,
    by lot or in such other manner as it shall deem appropriate and fair in its discretion and that may provide for the selection of
    a portion or portions (equal to one thousand U.S. dollars ($1,000) or any integral multiple thereof) of the principal amount of such
    Securities of a denomination larger than $1,000, the Securities to be redeemed and shall thereafter promptly notify the Company in
    writing of the numbers of the Securities to be redeemed, in whole or in part. The Company may, if and whenever it shall so elect,
    by delivery of instructions signed on its behalf by its President or any Vice President, instruct the Trustee or any paying agent
    to call all or any part of the Securities of a particular series for redemption and to give notice of redemption in the manner set
    forth in this Section, such notice to be in the name of the Company or its own name as the Trustee or such paying agent may deem
    advisable. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver
    or cause to be delivered to, or permit to remain with, the Trustee or such paying agent, as the case may be, such Security Register,
    transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent
    to give any notice by mail that may be required under the provisions of this Section.

  

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SECTION
3.03 Payment Upon Redemption.

 

		(a)	If
the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities of the series
to be redeemed specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable
redemption price, together with interest accrued to the date fixed for redemption and interest on such Securities or portions of Securities
shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption
price and accrued interest with respect to any such Security or portion thereof. On presentation and surrender of such Securities on
or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed at
the applicable redemption price for such series, together with interest accrued thereon to the date fixed for redemption (but if the
date fixed for redemption is an interest payment date, the interest installment payable on such date shall be payable to the registered
holder at the close of business on the applicable record date pursuant to Section 2.03).

 

	(b)	Upon
                                            presentation of any Security of such series that is to be redeemed in part only, the Company
                                            shall execute and the Trustee shall authenticate and the office or agency where the Security
                                            is presented shall deliver to the holder thereof, at the expense of the Company, a new Security
                                            of the same series of authorized denominations in principal amount equal to the unredeemed
                                            portion of the Security so presented.

 

SECTION
3.04 Sinking Fund.

 

The
provisions of Sections 3.04, 3.05 and 3.06 shall be applicable to any sinking fund for the retirement of Securities of a series, except
as otherwise specified as contemplated by Section 2.01 for Securities of such series.

 

The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory
sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of Securities of any series is
herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash
amount of any sinking fund payment may be subject to reduction as provided in Section 3.05. Each sinking fund payment shall be applied
to the redemption of Securities of any series as provided for by the terms of Securities of such series.

 

SECTION
3.05 Satisfaction of Sinking Fund Payments with Securities.

 

The
Company (i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and (ii) may
apply as a credit Securities of a series that have been redeemed either at the election of the Company pursuant to the terms of such
Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case
in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant
to the terms of such Securities as provided for by the terms of such series, provided that such Securities have not been previously so
credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price specified in such Securities
for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

 

SECTION
3.06 Redemption of Securities for Sinking Fund.

 

Not
less than 45 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an Officers’
Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of the series, the portion
thereof, if any, that is to be satisfied by delivering and crediting Securities of that series pursuant to Section 3.05 and the basis
for such credit and will, together with such Officers’ Certificate, deliver to the Trustee any Securities to be so delivered. Not
less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking
fund payment date in the manner specified in Section 3.02 and cause notice of the redemption thereof to be given in the name of and at
the expense of the Company in the manner provided in Section 3.02. Such notice having been duly given, the redemption of such Securities
shall be made upon the terms and in the manner stated in Section 3.03.

 

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ARTICLE
IV

 

COVENANTS

 

SECTION
4.01 Payment of Principal, Premium and Interest.

 

The
Company will duly and punctually pay or cause to be paid the principal of (and premium, if any) and interest on the Securities of that
series at the time and place and in the manner provided herein and established with respect to such Securities.

 

SECTION
4.02 Maintenance of Office or Agency.

 

So
long as any series of the Securities remain Outstanding, the Company agrees to maintain an office or agency in the Borough of Manhattan,
the City and State of New York, with respect to each such series and at such other location or locations as may be designated as provided
in this Section 4.02, where (i) Securities of that series may be presented or surrendered for payment, (ii) Securities of that series
may be presented as herein above authorized for registration of transfer and exchange, and (iii) notices and demands to or upon the Company
in respect of the Securities of that series and this Indenture may be given or served, such designation to continue with respect to such
office or agency until the Company shall, by written notice signed by its President or a Vice President and delivered to the trustee,
designate some other office or agency for such purposes or any of them. 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, notices and demands may be made or
served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations,
notices and demands.

  

SECTION
4.03 Paying Agents.

 

		(a)	If
                                            the Company shall appoint one or more paying agents for all or any series of the Securities,
                                            other than the Trustee, the Company will cause each such paying agent to execute and deliver
                                            to the Trustee an instrument in which such agent shall agree with the Trustee, subject to
                                            the provisions of this Section:

 

		(1)	that
                                            it will hold all sums held by it as such agent for the payment of the principal of (and premium,
                                            if any) or interest on the Securities of that series (whether such sums have been paid to
                                            it by the Company or by any other obligor of such Securities) in trust for the benefit of
                                            the Persons entitled thereto;

 

		(2)	that
                                            it will give the Trustee notice of any failure by the Company (or by any other obligor of
                                            such Securities) to make any payment of the principal of (and premium, if any) or interest
                                            on the Securities of that series when the same shall be due and payable;

 

		(3)	that
                                            it will, at any time during the continuance of any failure referred to in the preceding paragraph
                                            (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums
                                            so held in trust by such paying agent; and

 

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		(4)	that
                                            it will perform all other duties of paying agent as set forth in this Indenture.

 

		(b)	If
                                            the Company shall act as its own paying agent with respect to any series of the Securities,
                                            it will on or before each due date of the principal of (and premium, if any) or interest
                                            on Securities of that series, set aside, segregate and hold in trust for the benefit of the
                                            Persons entitled thereto a sum sufficient with monies held by all other paying agents to
                                            pay such principal (and premium, if any) or interest so becoming due on Securities of that
                                            series until such sums shall be paid to such Persons or otherwise disposed of as herein provided
                                            and will promptly notify the Trustee of such action, or any failure (by it or any other obligor
                                            on such Securities) to take such action. Whenever the Company shall have one or more paying
                                            agents for any series of Securities, it will, prior to each due date of the principal of
                                            (and premium, if any) or interest on any Securities of that series, deposit with the paying
                                            agent a sum sufficient to pay the principal (an premium, if any) or interest so becoming
                                            due, such sum to be held in trust for the benefit of the Persons entitled to such principal,
                                            premium or interest, and (unless such paying agent is the Trustee) the Company will promptly
                                            notify the Trustee of this action or failure so to act.

 

		(c)	Notwithstanding
                                            anything in this Section to the contrary, (i) the agreement to hold sums in trust as provided
                                            in this Section is subject to the provisions of Section 11.05, and (ii) the Company may at
                                            any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or
                                            for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held
                                            in trust by the Company or such paying agent, such sums to be held by the Trustee upon the
                                            same terms and conditions as those upon which such sums were held by the Company or such
                                            paying agent; and, upon such payment by any paying agent to the Trustee, such paying agent
                                            shall be released from all further liability with respect to such money.

  

SECTION
4.04 Appointment to Fill Vacancy in Office of Trustee.

 

The
Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10,
a Trustee, so that there shall at all times be a Trustee hereunder.

 

SECTION
4.05 Compliance with Consolidation Provisions.

 

The
Company will not, while any of the Securities remain Outstanding, consolidate with or merge into any other Person, in either case where
the Company is not the survivor of such transaction, or sell or convey all or substantially all of its property to any other company
unless the provisions of Article X hereof are complied with.

 

ARTICLE
V

 

SECURITYHOLDERS’
LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE

 

SECTION
5.01 Company to Furnish Trustee Names and Addresses of Securityholders.

 

If
the Company is not the Security Register, the Company will furnish or use reasonable efforts to cause to be furnished to the Trustee
(a) on each regular record date (as defined in Section 2.03) a list, in such form as the Trustee may reasonably require, of the names
and addresses of the holders of each series of Securities as of such regular record date, provided that the Company shall not be obligated
to furnish or cause to furnish such list at any time that the list shall not differ in any respect from the most recent list furnished
to the Trustee by the Company and (b) at such other times as the Trustee may request in writing within 30 days after the 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, in either case, no such list need be furnished for any series for which the Trustee shall be the Security Registrar.

 

SECTION
5.02 Preservation of Information; Communications with Securityholders.

 

		(a)	The
                                            Trustee shall preserve, in as current a form as is reasonably practicable, all information
                                            as to the names and addresses of the holders of Securities contained in the most recent list
                                            furnished to it as provided in Section 5.01 and as to the names and addresses of holders
                                            of Securities received by the Trustee in its capacity as Security Registrar (if acting in
                                            such capacity) and shall otherwise comply with Section 312(a) of the Trust Indenture Act.

 

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		(b)	The
                                            Trustee may destroy any list furnished to it as provided in Section 5.01 upon receipt of
                                            a new list so furnished.

 

		(c)	Securityholders
                                            may communicate as provided in Section 312(b) of the Trust Indenture Act with other Securityholders
                                            with respect to their rights under this Indenture or under the Securities.

  

SECTION
5.03 Reports by the Company.

 

		(a)	The
                                            Company covenants and agrees to file with the Trustee, within 15 days after the Company is
                                            required to file the same with the Commission, copies of the annual reports and of the information,
                                            documents and other reports (or copies of such portions of any of the foregoing as the Commission
                                            may from time to time by rules and regulations prescribe) that the Company may be required
                                            to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act;
                                            or, if the Company is not required to file information, documents or reports pursuant to
                                            either of such sections, then to file with the Trustee and the Commission, in accordance
                                            with the rules and regulations prescribed from time to time by the Commission, such of the
                                            supplementary and periodic information, documents and reports that may be required pursuant
                                            to Section 13 of the Exchange Act, in respect of a security listed and registered on a national
                                            securities exchange as may be prescribed from time to time in such rules and regulations;
                                            provided, however, the Company shall not be required to deliver to the Trustee any materials
                                            for which the Company has sought and received confidential treatment by the Commission. The
                                            Company also shall comply with the other provisions of Section 314(a) of the Trust Indenture
                                            Act.

 

		(b)	The
                                            Company covenants and agrees to file with the Trustee and the Commission, in accordance with
                                            the rules and regulations prescribed from to time by the Commission, 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 from time to time by such rules and regulations.

 

		(c)	The
                                            Company covenants and agrees to transmit by mail, first class postage prepaid, or reputable
                                            over-night delivery service that provides for evidence of receipt, to the Securityholders,
                                            as their names and addresses appear upon the Security Register, within 30 days after the
                                            filing thereof with the Trustee, such summaries of any information, documents and reports
                                            required to be filed by the Company pursuant to subsections (a) and (b) of this Section as
                                            may be required by rules and regulations prescribed from time to time by the Commission.

  

SECTION
5.04 Reports by the Trustee.

 

		(a)	The
                                            Trustee shall transmit to holders as provided in Section 313 of the Trust Indenture Act such
                                            reports concerning the Trustee and its actions under this Indenture as may be required by
                                            Section 313 of the Trust Indenture Act at the times and in the manner provided by the Trust
                                            Indenture Act.

 

		(b)	A
                                            copy of each such report shall, at the time of such transmission to Securityholders, be filed
                                            by the Trustee with the Company, with each stock exchange upon which any Securities are listed
                                            (if so listed) and, if required by Section 313 of the Trust Indenture Act, also with the
                                            Commission. The Company agrees to notify the Trustee when any Securities become listed on
                                            any stock exchange.

 

ARTICLE
VI

 

REMEDIES
OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT

 

SECTION
6.01 Events of Default.

 

		(a)	Whenever
                                            used herein with respect to Securities of a particular series, “Event of Default”
                                            means any one or more of the following events that has occurred and is continuing:

 

		(1)	the
                                            Company defaults in the payment of any installment of interest upon any of the Securities
                                            of that series, as and when the same shall become due and payable, and continuance of such
                                            default for a period of 90 days; provided, however, that a valid extension of an interest
                                            payment period by the Company in accordance with the terms of any indenture supplemental
                                            hereto shall not constitute a default in the payment of interest for this purpose;

 

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		(2)	the
                                            Company defaults in the payment of the principal of (or premium, if any, on) any of the Securities
                                            of that series as and when the same shall become due and payable whether at maturity, upon
                                            redemption, by declaration or otherwise, or in any payment required by any sinking or analogous
                                            fund established with respect to that series; provided, however, that a valid extension of
                                            the maturity of such Securities in accordance with the terms of any indenture supplemental
                                            hereto shall not constitute a default in the payment of principal or premium, if any;

 

		(3)	the
                                            Company fails to observe or perform any other of its covenants or agreements with respect
                                            to that series contained in this Indenture or otherwise established with respect to that
                                            series of Securities pursuant to Section 2.01 hereof (other than a covenant or agreement
                                            that has been expressly included in this Indenture solely for the benefit of one or more
                                            series of Securities other than such series) for a period of 90 days after the date on which
                                            written notice of such failure, requiring the same to be remedied and stating that such notice
                                            is a “Notice of Default” hereunder, shall have been given to the Company by the
                                            Trustee, by registered or certified mail, or to the Company and the Trustee by the holders
                                            of not less than a majority in principal amount of the Securities of that series at the time
                                            Outstanding;

 

		(4)	the
                                            Company pursuant to or within the meaning of any Bankruptcy Law (i) commences a voluntary
                                            case, (ii) consents to the entry of an order for relief against it in an involuntary case,
                                            (iii) consents to the appointment of a Custodian of it or for all or substantially all of
                                            its property or (iv) makes a general assignment for the benefit of its creditors; or

 

		(5)	a
                                            court of competent jurisdiction enters an order under any Bankruptcy Law that (i) is for
                                            relief against the Company in an involuntary case, (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 consecutive days.

 

		(b)	In
                                            each and every such case, unless the principal of all the Securities of that series shall
                                            have already become due and payable, either the Trustee or the holders of not less than a
                                            majority in aggregate principal amount of the Securities of that series then Outstanding
                                            hereunder, by notice in writing to the Company (and to the Trustee if given by such Securityholders),
                                            may declare the principal (or, if any Securities of that series are discount securities,
                                            that portion of the principal amount as may be specified in the terms of that series pursuant
                                            to Section 2.01(a)(16)) of (and premium, if any, on) and accrued and unpaid interest, if
                                            any, on all the Securities of that series to be due and payable immediately, and upon any
                                            such declaration the same shall become and shall be immediately due and payable.

 

		(c)	At
                                            any time after the principal of the Securities of that series shall have been so declared
                                            due and payable, and before a judgment or decree for the payment of the moneys due shall
                                            have been obtained or entered as hereinafter provided, the holders of a majority in aggregate
                                            principal amount of the Securities of that series then Outstanding hereunder (or, by action
                                            at a meeting of holders of the Securities of such series in accordance with Section 8.09,
                                            the holders of a majority in aggregate principal amount of the Securities of such series
                                            then Outstanding represented at such meeting), by written notice to the Company and the Trustee,
                                            may rescind and annul such declaration and its consequences if: (i) the Company has paid
                                            or deposited with the Trustee a sum sufficient to pay all matured installments of interest
                                            upon all the Securities of that series and the principal of (and premium, if any, on) any
                                            and all Securities of that series that shall have become due otherwise than by acceleration
                                            and (ii) any and all Events of Default under this Indenture with respect to such series,
                                            other than the nonpayment of principal of (and premium, if any, on) and accrued and unpaid
                                            interest, if any, on Securities of that series that shall have become due solely because
                                            of such acceleration, shall have been remedied, cured or waived as provided in Section 6.06.
                                            No such rescission and annulment shall extend to or shall affect any subsequent default or
                                            impair any right consequent thereon.

 

		(d)	In
                                            case the Trustee shall have proceeded to enforce any right with respect to Securities of
                                            that series under this Indenture and such proceedings shall have been discontinued or abandoned
                                            because of such rescission or annulment or for any other reason or shall have been determined
                                            adversely to the Trustee, then and in every such case, subject to any determination in such
                                            proceedings, the Company, and the Trustee shall be restored respectively to their former
                                            positions and rights hereunder, and all rights, remedies and powers of the Company and the
                                            Trustee shall continue as though no such proceedings had been taken.

 

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SECTION
6.02 Collection of Indebtedness and Suits for Enforcement by Trustee.

 

		(a)	The
                                            Company covenants that (1) in case it shall default in the payment of any installment of
                                            interest on any of the Securities of a series, or any payment required by any sinking or
                                            analogous fund established with respect to that series as and when the same shall have become
                                            due and payable, and such default shall have continued for a period of 90 Business Days,
                                            or (2) in case it shall default in the payment of the principal of (or premium, if any, on)
                                            any of the Securities of a series when the same shall have become due and payable, whether
                                            upon maturity of the Securities of a series or upon redemption or upon declaration or otherwise,
                                            then, upon demand of the Trustee, the Company will pay to the Trustee, for the benefit of
                                            the holders of the Securities of that series, the whole amount that then shall have been
                                            become due and payable on all such Securities for principal (and premium, if any) or interest,
                                            or both, as the case may be, with interest upon the overdue principal (and premium, if any)
                                            and (to the extent that payment of such interest is enforceable under applicable law) upon
                                            overdue installments of interest at the rate per annum expressed in the Securities of that
                                            series; and, in addition thereto, such further amount as shall be sufficient to cover the
                                            costs and expenses of collection, and the amount payable to the Trustee under Section 7.06.

 

		(b)	If
                                            the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its
                                            own name and as trustee of an express trust, shall be entitled and empowered to institute
                                            any action or proceedings at law or in equity for the collection of the sums so due and unpaid,
                                            and may prosecute any such action or proceeding to judgment or final decree, and may enforce
                                            any such judgment or final decree against the Company or other obligor upon the Securities
                                            of that series and collect the moneys adjudged or decreed to be payable in the manner provided
                                            by law out of the property of the Company or other obligor upon the Securities of that series,
                                            wherever situated.

  

		(c)	In
                                            case of any receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment,
                                            arrangement, composition or judicial proceedings affected the Company, or its creditors or
                                            property, the Trustee shall have power to intervene in such proceedings and take any action
                                            therein that may be permitted by the court and shall (except as may be otherwise provided
                                            by law) be entitled to file such proofs of claim and other papers and documents as may be
                                            necessary or advisable in order to have the claims of the Trustee and of the holders of Securities
                                            of such series allowed for the entire amount due and payable by the Company under this Indenture
                                            at the date of institution of such proceedings and for any additional amount that may become
                                            due and payable by the Company after such date, and to collect and receive any moneys or
                                            other property payable or deliverable on any such claim, and to distribute the same after
                                            the deduction of the amount payable to the Trustee under Section 7.06; and any receiver,
                                            assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the holders
                                            of Securities of such series to make such payments to the Trustee, and, in the event that
                                            the Trustee shall consent to the making of such payments directly to such Securityholders,
                                            to pay to the Trustee any amount due it under Section 7.06.

 

		(d)	All
                                            rights of action and of asserting claims under this Indenture, or under any of the terms
                                            established with respect to Securities of that series, may be enforced by the Trustee without
                                            the possession of any of such Securities, or the production thereof at any trial or other
                                            proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall
                                            be brought in its own name as trustee of an express trust, and any recovery of judgment shall,
                                            after provision for payment to the Trustee of any amounts due under Section 7.06, be for
                                            the ratable benefit of the holders of the Securities of such series.

 

In
case of an Event of Default hereunder, the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this
Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights,
either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained
in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right
vested in the Trustee by this Indenture or by law.

 

Nothing
contained herein shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder
any plan of reorganization, arrangement, adjustment or composition affecting the Securities of that series or the rights of any holder
thereof or to authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

 

SECTION
6.03 Application of Moneys Collected.

 

Any
moneys collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following
order, at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium,
if any) or interest, upon presentation of the Securities of that series, and notation thereon the payment, if only partially paid, and
upon surrender thereof if fully paid:

 

	FIRST:	To the payment of costs
    and expenses of collection and of all amounts payable to the Trustee under Section 7.06; and

 

	SECOND:	To the payment of the amounts
    then due and unpaid upon Securities of such series for principal (and premium, if any) and interest, in respect of which or for the
    benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due
    and payable on such Securities for principal (and premium, if any) and interest, respectively.

 

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SECTION
6.04 Limitation on Suits.

 

No
holder of any Security of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any
suit, action or proceeding in equity or at law upon or under or with respect to this Indenture or for the appointment of a receiver or
trustee, or for any other remedy hereunder, unless (i) such holder previously shall have given to the Trustee written notice of an Event
of Default and of the continuance thereof with respect to the Securities of such series specifying such Event of Default, as hereinbefore
provided; (ii) the holders of not less than a majority in aggregate principal amount of the Securities of such series then Outstanding
shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as trustee hereunder; (iii)
such holder or holders shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and
liabilities to be incurred therein or thereby; and (iv) the Trustee for 60 days after its receipt of such notice, request and offer of
indemnity, shall have failed to institute any such action, suit or proceeding and (v) during such 60 day period, the holders of a majority
in principal amount of the Securities of that series (or such amount as shall have acted at a meeting of the holders of Securities of
such series pursuant to the provisions of this Indenture) do not give the Trustee a direction inconsistent with the request; provided,
however, that no one or more of such holders may use this Indenture to prejudice the rights of another holder or to obtain preference
or priority over another holder.

 

Notwithstanding
anything contained herein to the contrary, any other provisions of this Indenture, the right of any holder of any Security to receive
payment of the principal of (and premium, if any) and interest on such Security, as therein provided, on or after the respective due
dates expressed in such Security (or in the case of redemption, on the redemption date), or to institute suit for the enforcement of
any such payment on or after such respective dates or redemption date, shall not be impaired or affected without the consent of such
holder and by accepting a Security hereunder it is expressly understood, intended and covenanted by the taker and holder of every Security
of such series with every other such taker and holder and the Trustee, that no one or more holders of Securities of such series shall
have any right in any manner whatsoever by virtue or by availing of any provision of this Indenture to affect, disturb or prejudice the
rights of the holders of any other of such Securities, or to obtain or seek to obtain priority over or preference to any other such holder,
or to enforce any right under this Indenture, except in the manner herein provided and for the equal, ratable and common benefit of all
holders of Securities of such series. For the protection and enforcement of the provisions of this Section, each and every Securityholder
and the Trustee shall be entitled to such relief as can be given either at law or in equity.

  

SECTION
6.05 Rights and Remedies Cumulative; Delay or Omission Not Waiver.

 

		(a)	Except
                                            as otherwise provided in Section 2.07, all powers and remedies given by this Article to the
                                            Trustee or to the Securityholders shall, to the extent permitted by law, be deemed cumulative
                                            and not exclusive of any other powers and remedies available to the Trustee or the holders
                                            of the Securities, by judicial proceedings or otherwise, to enforce the performance or observance
                                            of the covenants and agreements contained in this Indenture or otherwise established with
                                            respect to such Securities.

 

		(b)	No
                                            delay or omission of the Trustee or of any holder of any of the Securities to exercise any
                                            right or power accruing upon any Event of Default occurring and continuing as aforesaid shall
                                            impair any such right or power, or shall be construed to be a waiver of any such default
                                            or on acquiescence therein; and, subject to the provisions of Section 6.04, every power and
                                            remedy given by this Article or by law to the Trustee or the Securityholders may be exercised
                                            from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders.

 

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SECTION
6.06 Control by Securityholders.

 

The
holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding, determined in accordance
with Section 8.01, shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to
the Trustee, or exercising any trust or power conferred on the Trustee with respect to such series; provided, however, that such direction
shall not be in conflict with any rule of law or with this Indenture or be unduly prejudicial to the rights of holders of Securities
of any other series at the time Outstanding determined in accordance with Section 8.01. Subject to the provisions of Section 7.01, the
Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer or
Officers of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability. The holders either
(a) through the written consent of not less than a majority in aggregate principal amount of the Securities of any series at the time
Outstanding or (b) by action at a meeting of holders of the Securities of such series in accordance with Section 8.09, by the holders
of a majority in aggregate principal amount of the Securities of such series then Outstanding represented at such meeting, may on behalf
of the holders of all of the Securities of such series waive any past default in the performance of any of the covenants contained herein
or established pursuant to Section 2.01 with respect to such series and its consequences, except a default in the payment of the principal
of, or premium, if any, or interest on, any of the Securities of that series as and when the same shall become due by the terms of such
Securities otherwise than by acceleration (unless such default has been cured and a sum sufficient to pay all matured installments of
interest and principal and any premium has been deposited with the Trustee (in accordance with Section 6.01(c)) and except in respect
a provision hereof which, under Section 9.02, cannot be modified or amended without the consent of the holders of each Outstanding Security
affected; provided however that this Section shall not limit the right of holders of Securities of a series to rescind and annul any
acceleration as set forth in Section 6.01. Upon any such waiver, the default covered thereby shall be deemed to be cured for all purposes
of this Indenture and 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 impair any right consequent
thereon. The provisions which otherwise would be automatically deemed to be contained in this Indenture pursuant to Section (316)(a)(1)
of the Trust Indenture Act are hereby expressly excluded from this Indenture, except to the extent such provisions are expressly included
herein.

 

SECTION
6.07 Undertaking to Pay Costs.

 

All
parties to this Indenture agree, and each holder of any Securities by such holder’s acceptance thereof shall be deemed to have
agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or
in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an
undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such
party litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any
Securityholder, or group of Securityholders, holding more than 10% in aggregate principal amount of the Outstanding Securities of any
series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of (or premium, if any) or
interest on any Security of such series, on or after the respective due dates expressed in such Security or established pursuant to this
Indenture.

  

ARTICLE
VII

 

CONCERNING
THE TRUSTEE

 

SECTION
7.01 Certain Duties and Responsibilities of Trustee.

 

		(a)	The
                                            Trustee, prior to the occurrence of an Event of Default with respect to the Securities of
                                            a series and after the curing of all Events of Default with respect to the Securities of
                                            that series that may have occurred, shall undertake to perform with respect to the Securities
                                            of such series such duties and only such duties as are specifically set forth in this Indenture,
                                            and no implied covenants shall be read into this Indenture against the Trustee. In case an
                                            Event of Default with respect to the Securities of a series has occurred (that has not been
                                            cured or waived), the Trustee shall exercise with respect to Securities of that series such
                                            of the rights and powers vested in it by this Indenture, and use the same degree of care
                                            and skill in their exercise, as a prudent man would exercise or use under the circumstances
                                            in the conduct of his own affairs.

 

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		(b)	No
                                            provision of this Indenture shall be construed to relieve the Trustee from liability for
                                            its own negligent action, its own negligent failure to act, or its own willful misconduct,
                                            except that:

 

		(1)	prior
                                            to the occurrence of an Event of Default with respect to the Securities of a series and after
                                            the curing or waiving of all such Events of Default with respect to that series that may
                                            have occurred:

 

		(i)	the
                                            duties and obligations of the Trustee shall with respect to the Securities of such series
                                            be determined solely by the express provisions of this Indenture, and the Trustee shall not
                                            be liable with respect to the Securities of such series except for the performance of such
                                            duties and obligations as are specifically set forth in this Indenture, and no implied covenants
                                            or obligations shall be read into this Indenture against the Trustee; and

 

		(ii)	in
                                            the absence of bad faith on the part of the Trustee, the Trustee may with respect to the
                                            Securities of such series conclusively rely, as to the truth of the statements and the correctness
                                            of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee
                                            and conforming to the requirements of this Indenture; but in the case of any such certificates
                                            or opinions that by any provision hereof are specifically required to be furnished to the
                                            Trustee, the Trustee shall be under a duty to examine the same to determine whether or not
                                            they conform to the requirement of this Indenture;

 

		(2)	the
                                            Trustee shall not be liable for any error of judgment made in good faith by a Responsible
                                            Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee,
                                            was negligent in ascertaining the pertinent facts;

  

		(3)	the
                                            Trustee shall not be liable with respect to any action taken or omitted to be taken by it
                                            in good faith in accordance with the direction of the holders of not less than a majority
                                            in principal amount of the Securities of any series at the time Outstanding relating to the
                                            time, method and place of conducting any proceeding for any remedy available to the Trustee,
                                            or exercising any trust or power conferred upon the Trustee under this Indenture with respect
                                            to the Securities of that series; and

 

		(4)	None
                                            of the provisions contained in this Indenture shall require the Trustee to expend or risk
                                            its own funds or otherwise incur personal financial liability in the performance of any of
                                            its duties or in the exercise of any of its rights or powers, if there is reasonable ground
                                            for believing that the repayment of such funds or liability is not reasonably assured to
                                            it under the terms of this Indenture or adequate indemnity against such risk is not reasonably
                                            assured to it.

 

SECTION
7.02 Certain Rights of Trustee.

 

Except
as otherwise provided in Section 7.01:

 

		(a)	The
                                            Trustee may 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, security or other paper or document believed by it to be genuine and to have been signed
                                            or presented by the proper party or parties;

 

		(b)	Any
                                            request, direction, order or demand of the Company mentioned herein shall be sufficiently
                                            evidenced by a Board Resolution or an instrument signed in the name of the Company, by the
                                            President or any Vice President and by the Secretary or an Assistant Secretary or the Treasurer
                                            or an Assistant Treasurer thereof (unless other evidence in respect thereof is specifically
                                            prescribed herein);

 

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		(c)	The
                                            Trustee may consult with counsel and the written advice of such counsel or any Opinion of
                                            Counsel shall be full and complete authorization and protection in respect of any action
                                            taken or suffered or omitted hereunder in good faith and in reliance thereon;

 

		(d)	The
                                            Trustee shall be under no obligation to exercise any of the rights or powers vested in it
                                            by this Indenture at the request, order or direction of any of the Securityholders, pursuant
                                            to the provisions of this Indenture, unless such Securityholders shall have offered to the
                                            Trustee reasonable security or indemnity against the costs, expenses and liabilities that
                                            may be incurred therein or thereby; nothing contained herein shall, however, relieve the
                                            Trustee of the obligation, upon the occurrence of an Event of Default with respect to a series
                                            of the Securities (that has not been cured or waived) to exercise with respect to Securities
                                            of that series such of the rights and powers vested in it by this Indenture, and to use the
                                            same degree of care and skill in their exercise, as a prudent man would exercise or use under
                                            the circumstances in the conduct of his own affairs;

  

		(e)	The
                                            Trustee shall not be liable for any action taken or omitted to be taken by it in good faith
                                            and believed by it to be authorized or within the discretion or rights or powers conferred
                                            upon it by this Indenture;

 

		(f)	The
                                            Trustee shall not be bound to make any investigation into the facts or matters stated in
                                            any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
                                            order, approval, bond, security, or other papers or documents, unless requested in writing
                                            so to do by the holders of not less than a majority in principal amount of the Outstanding
                                            Securities of the particular series affected thereby (determined as provided in Section 8.04);
                                            provided, however, that if the payment within a reasonable time to the Trustee of the costs,
                                            expenses or liabilities likely to be incurred by it in the making of such investigation is,
                                            in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded
                                            to it by the terms of this Indenture, the Trustee may require reasonable indemnity against
                                            such costs, expenses or liabilities as a condition to so proceeding. The reasonable expense
                                            of every such examination shall be paid by the Company or, if paid by the Trustee, shall
                                            be repaid by the Company upon demand; and

 

The
Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or
attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with
due care by it hereunder.

 

SECTION
7.03 Trustee Not Responsible for Recitals or Issuance of Securities.

 

		(a)	The
                                            recitals contained herein and in the Securities shall be taken as the statements of the Company,
                                            and the Trustee assumes no responsibility for the correctness of the same.

 

		(b)	The
                                            Trustee makes no representations as to the validity or sufficiency of this Indenture or of
                                            the Securities.

 

		(c)	The
                                            Trustee shall not be accountable for the use or application by the Company of any of the
                                            Securities or of the proceeds of such Securities, or for the use or application of any moneys
                                            paid over by the Trustee in accordance with any provision of this Indenture or established
                                            pursuant to Section 2.01, or for the use or application of any moneys received by any paying
                                            agent other than the Trustee.

  

SECTION
7.04 May Hold Securities.

 

The
Trustee or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities
with the same rights it would have if it were not Trustee, paying agent or Security Registrar.

 

SECTION
7.05 Moneys Held in Trust.

 

Subject
to the provisions of Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust
for the purposes for which they were received, but 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 moneys received by it hereunder except such as it may agree with the Company
to pay thereon.

 

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SECTION
7.06 Compensation and Reimbursement.

 

		(a)	The
                                            Company covenants and agrees to pay to the Trustee, and the Trustee shall be entitled to,
                                            such reasonable compensation (which shall not be limited by any provision of law in regard
                                            to the compensation of a trustee of an express trust), as the Company, and the Trustee may
                                            from time to time agree in writing, for all services rendered by it in the execution of the
                                            trusts hereby created and in the exercise and performance of any of the powers and duties
                                            hereunder of the Trustee, and, except as otherwise expressly provided herein, the Company
                                            will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements
                                            and advances incurred or made by the Trustee in accordance with any of the provisions of
                                            this Indenture (including the reasonable compensation and the expenses and disbursements
                                            of its counsel and of all Persons not regularly in its employ) except any such expense, disbursement
                                            or advance as may arise from its negligence or bad faith. The Company also covenants to indemnify
                                            the Trustee (and its officers, agents, directors and employees) for, and to hold it harmless
                                            against, any loss, liability or expense incurred without negligence or bad faith on the part
                                            of the Trustee and arising out of or in connection with the acceptance or administration
                                            of this trust, including the costs and expenses of defending itself against any claim of
                                            liability in the premises.

 

		(b)	The
                                            obligations of the Company under this Section to compensate and indemnify the Trustee and
                                            to pay or reimburse the Trustee for expenses, disbursements and advances shall constitute
                                            additional indebtedness hereunder. Such additional indebtedness shall be secured by a lien
                                            prior to that of the Securities upon all property and funds held or collected by the Trustee
                                            as such, except funds held in trust for the benefit of the holders of particular Securities.

 

SECTION
7.07 Reliance on Officers’ Certificate.

 

Except
as otherwise provided in Section 7.01, 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 or omitting to take 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 delivered to the Trustee and such
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 to be taken by it under the provisions of this Indenture upon the faith thereof.

 

SECTION
7.08 Disqualification; Conflicting Interests.

 

If
the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust Indenture Act,
the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

 

SECTION
7.09 Corporate Trustee Required; Eligibility.

 

There
shall at all times be a Trustee with respect to the Securities issued hereunder which shall at all times be a corporation organized and
doing business under the laws of the United States of America or any State or Territory thereof or of the District of Columbia, or a
corporation or other Person permitted to act as trustee by the Commission, authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least 50 million U.S. dollars ($50,000,000), and subject to supervision or examination by
Federal, State, Territorial, or District of Columbia authority. If such corporation publishes reports of condition at least annually,
pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section, the
combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. The Company may not, nor may any Person directly or indirectly controlling, controlled by, or under
common control with the Company, serve as Trustee. In case at any time the Trustee shall cease to be eligible in accordance with the
provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.

  

SECTION
7.10 Resignation and Removal; Appointment of Successor.

 

		(a)	The
                                            Trustee or any successor hereafter appointed, may at any time resign with respect to the
                                            Securities of one or more series by giving written notice thereof to the Company and by transmitting
                                            notice of resignation by mail, first class postage prepaid, to the Securityholders of such
                                            series, as their names and addresses appear upon the Security Register. Upon receiving such
                                            notice of resignation, the Company shall promptly appoint a successor trustee with respect
                                            to Securities of such series by written instrument, in duplicate, executed by order of the
                                            Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee
                                            and one copy to the successor trustee. If no successor trustee shall have been so appointed
                                            and have accepted appointment within 30 days after the mailing of such notice of resignation,
                                            the resigning Trustee may petition any court of competent jurisdiction for the appointment
                                            of a successor trustee with respect to Securities of such series, or any Securityholder of
                                            that series who has been a bona fide holder of a Security or Securities for at least six
                                            months may on behalf of himself and all others similarly situated, petition any such court
                                            for the appointment of a successor trustee. Such court may thereupon after such notice, if
                                            any, as it may deem proper and prescribe, appoint a successor trustee.

 

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		(b)	In
                                            case at any time any one of the following shall occur:

 

		(1)	the
                                            Trustee shall fail to comply with the provisions of Section 7.08 after written request therefor
                                            by the Company or by any Securityholder who has been a bona fide holder of a Security or
                                            Securities for at least six months; or

 

		(2)	the
                                            Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and
                                            shall fail to resign after written request therefor by the Company or by any such Securityholder;
                                            or

 

		(3)	the
                                            Trustee shall become incapable of acting, or shall be adjudged a bankrupt or insolvent, or
                                            commence a voluntary bankruptcy proceeding, or a receiver of the Trustee or of its property
                                            shall be appointed or consented to, or any public officer shall take charge or control of
                                            the Trustee or of its property or affairs for the purpose of rehabilitation, conservation
                                            or liquidation, then, in any such case, the Company may remove the Trustee with respect to
                                            all Securities and appoint a successor trustee by written instrument, in duplicate, executed
                                            by order of the Board of Directors, one copy of which instrument shall be delivered to the
                                            Trustee so removed and one copy to the successor trustee, or, unless the Trustee’s
                                            duty to resign is stayed as provided herein, any Securityholder who has been a bona fide
                                            holder of a Security or Securities for at least six months may, on behalf of that holder
                                            and all others similarly situated, petition any court of competent jurisdiction for the removal
                                            of the Trustee and the appointment of a successor trustee. Such court may thereupon after
                                            such notice, if any, as it may deem proper and prescribe, remove the Trustee and appoint
                                            a successor trustee.

 

		(c)	The
                                            holders of a majority in aggregate principal amount of the Securities of any series at the
                                            time Outstanding may at any time remove the Trustee with respect to such series by so notifying
                                            the Trustee and the Company and may appoint a successor Trustee for such series with the
                                            consent of the Company.

  

		(d)	Any
                                            resignation or removal of the Trustee and appointment of a successor trustee with respect
                                            to the Securities of a series pursuant to any of the provisions of this Section shall become
                                            effective upon acceptance of appointment by the successor trustee as provided in Section
                                            7.11.

 

		(e)	Any
                                            successor trustee appointed pursuant to this Section may be appointed with respect to the
                                            Securities of one or more series or all of such series, and at any time there shall be only
                                            one Trustee with respect to the Securities of any particular series.

 

SECTION
7.11 Acceptance of Appointment By Successor.

 

	(a)	 In case of the appointment
    hereunder of a successor trustee with respect to all Securities, every such successor trustee so appointed shall execute, acknowledge
    and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or
    removal of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall
    become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor
    trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor
    trustee all the rights, powers, and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor
    trustee all property and money held by such retiring Trustee hereunder.
	 	 
	(b)	 In case of the appointment
    hereunder of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee
    and each successor trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental
    hereto wherein each successor trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary
    or desirable to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the
    retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates,
    (2) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties
    of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall
    continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be
    necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that
    nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such Trustee
    shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such
    Trustee and that no Trustee shall be responsible for any act or failure to act on the part of any other Trustee hereunder; and upon
    the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective
    to the extent provided therein, such retiring Trustee shall with respect to the Securities of that or those series to which the appointment
    of such successor trustee relates have no further responsibility for the exercise of rights and powers or for the performance of
    the duties and obligations vested in the Trustee under this Indenture, and each such successor trustee, without any further act,
    deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the
    Securities of that or those series to which the appointment of such successor trustee relates; but, on request of the Company or
    any successor trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor trustee, to the extent contemplated
    by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of
    that or those series to which the appointment of such successor trustee relates.

  

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		(c)	Upon
                                            request of any such successor trustee, the Company shall execute any and all instruments
                                            for more fully and certainly vesting in and confirming to such successor trustee all such
                                            rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case
                                            may be.

 

		(d)	No
                                            successor trustee shall accept its appointment unless at the time of such acceptance such
                                            successor trustee shall be qualified and eligible under this Article.

 

		(e)	Upon
                                            acceptance of appointment by a successor trustee as provided in this Section, the Company
                                            shall transmit notice of the succession of such trustee hereunder by mail, first class postage
                                            prepaid, to the Securityholders, as their names and addresses appear upon the Security Register.
                                            If the Company fails to transmit such notice within ten days after acceptance of appointment
                                            by the successor trustee, the successor trustee shall cause such notice to be transmitted
                                            at the expense of the Company.

 

SECTION
7.12 Merger, Conversion, Consolidation or Succession to Business.

 

Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from
any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to the corporate trust business
of the Trustee, shall be the successor of the Trustee hereunder, provided that such corporation shall be qualified under the provisions
of Section 7.08 and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further act on
the part of any of the parties hereto, anything herein to the contrary notwithstanding. In case any Securities shall have been authenticated,
but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee
may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities.

  

SECTION
7.13 Preferential Collection of Claims Against the Company.

 

The
Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b)
of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act
to the extent included therein.

 

ARTICLE
VIII

 

CONCERNING
THE SECURITYHOLDERS

 

SECTION
8.01 Evidence of Action by Securityholders.

 

Whenever
in this Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the Securities
of a particular series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver
or the taking of any other action), the fact that at the time of taking any such action the holders of such majority or specified percentage
of that series have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such
holders of Securities of that series in Person or by agent or proxy appointed in writing.

 

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If
the Company shall solicit from the Securityholders of any series any request, demand, authorization, direction, notice, consent, waiver
or other action, the Company may, at its option, as evidenced by an Officers’ Certificate, fix in advance a record date for such
series for the determination of Securityholders entitled to give such request, demand, authorization, direction, notice, consent, waiver
or other action, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization,
direction, notice, consent, waiver or other action may be given before or after the record date, but only the Securityholders of record
at the close of business on the record date shall be deemed to be Securityholders for the purposes of determining whether Securityholders
of the requisite proportion of Outstanding Securities of that series have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other action, and for that purpose the Outstanding Securities of that series shall
be computed as of the record date; provided, however, that no such authorization, agreement or consent by such Securityholders on the
record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six
months after the record date.

 

SECTION
8.02 Proof of Execution by Securityholders.

 

Subject
to the provisions of Section 7.01, proof of the execution of any instrument by a Securityholder (such proof will not require notarization)
or his agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner:

 

		(a)	The
                                            fact and date of the execution by any such Person of any instrument may be proved in any
                                            reasonable manner acceptable to the Trustee.

 

		(b)	The
                                            ownership of Securities shall be proved by the Security Register of such Securities or by
                                            a certificate of the Security Registrar thereof.

 

		(c)	The
                                            Trustee may require such additional proof of any matter referred to in this Section as it
                                            shall deem necessary.

 

SECTION
8.03 Who May be Deemed Owners.

 

Prior
to the due presentment for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security Registrar
may deem and treat the Person in whose name such Security shall be registered upon the books of the Company as the absolute owner of
such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone
other than the Security Registrar) for the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject
to Section 2.03) interest on such Security and for all other purposes; and neither the Company nor the Trustee nor any paying agent nor
any Security Registrar shall be affected by any notice to the contrary.

 

SECTION
8.04 Certain Securities Owned by Company Disregarded.

 

In
determining whether the holders of the requisite aggregate principal amount of Securities of a particular series have concurred in any
direction, consent of waiver under this Indenture, the Securities of that series that are owned by the Company or any other obligor on
the Securities of that series or by any Person directly or indirectly controlling or controlled by or under common control with the Company
or any other obligor on the Securities of that series shall be disregarded and deemed not to be Outstanding for the purpose of any such
determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction, consent
or waiver, only Securities of such series that the Trustee actually knows are so owned shall be so disregarded. The Securities so owned
that have been pledged in good faith may be regarded as Outstanding for the purposes of this Section, if the pledgee shall establish
to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not a
Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company or any such other
obligor. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel shall be full protection
to the Trustee.

 

    24

     

    

 

SECTION
8.05 Actions Binding on Future Securityholders.

 

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 majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection
with such action, any holder of a Security of that series that 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, 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 and owners of such Security, and of any Security issued in exchange
therefor, on registration of transfer thereof or in place thereof, irrespective of whether or not any notation in regard thereto is made
upon such Security. Any action taken by the holders of the majority or percentage in aggregate principal amount of the Securities of
a particular series specified in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee
and the holders of all the Securities of that series.

 

SECTION
8.06 Purposes for Which Meetings May Be Called.

 

A
meeting of holders of any series of Securities may be called at any time and from time to time pursuant to this Article to make, give
or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made,
given or taken by holders of such series of Securities.

 

Notwithstanding
anything contained in this Article VIII, the Trustee may, during the pendency of a Default or an Event of Default, call a meeting of
holders of any series of Securities in accordance with its standard practices.

 

SECTION
8.07 Call Notice and Place of Meetings.

 

		(a)	The
                                            Trustee may at any time call a meeting of holders of any series of Securities for any purpose
                                            specified in Section 8.06 hereof, to be held at such time and at such place in The City of
                                            New York. Notice of every meeting of holders of any series of Securities, setting forth the
                                            time and the place of such meeting, in general terms the action proposed to be taken at such
                                            meeting and the percentage of the principal amount of the Outstanding Securities of such
                                            series which shall constitute a quorum at such meeting, shall be given, in the manner provided
                                            in Section 13.04 hereof, not less than 21 nor more than 180 days prior to the date fixed
                                            for the meeting to holders of Outstanding Securities of such series.

 

In
case at any time the Company, pursuant to a Board Resolution, or the holders of at least 10% in principal amount of the Outstanding Securities
of any series shall have requested the Trustee to call a meeting of the holders of Securities of such series for any purpose specified
in Section 8.06 hereof, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the
Trustee shall not have made the first publication of the notice of such meeting within 21 days after receipt of such request or shall
not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the holders of Securities of such series
in the amount specified, as the case may be, may determine the time and the place in The City of New York for such meeting and may call
such meeting for such purposes by giving notice thereof as provided in paragraph (a) of this Section.

 

SECTION
8.08 Persons Entitled To Vote at Meetings.

 

To
be entitled to vote at any meeting of holders of Securities of a given series, a Person shall be (a) a holder of one or more Outstanding
Securities of such series or (b) a Person appointed by an instrument in writing as proxy for a holder or holders of one or more Outstanding
Securities of such series by such holder or holders. The only Persons who shall be entitled to be present or to speak at any meeting
of holders shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel
and any representatives of the Company and its counsel.

 

    25

     

    

 

SECTION
8.09 Quorum; Action.

 

The
Persons entitled to vote a majority in aggregate principal amount of the Outstanding Securities of a given series shall constitute a
quorum with respect to a meeting of holders of Outstanding Securities of such series. In the absence of a quorum within 30 minutes of
the time appointed for any such meeting, the meeting shall, if convened at the request of holders of Securities of such series, be dissolved.
In any other case, the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior
to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned
for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such adjourned meeting.
Notice of the reconvening of any adjourned meeting shall be given as provided in Section 8.07(a) hereof, except that such notice need
be given only once and not less than five days prior to the date on which the meeting is scheduled to be reconvened.

 

At
a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid, any resolution and all matters (except
as limited by the proviso to the first paragraph of Section 9.02 hereof) shall be effectively passed and decided if passed or decided
by the Persons entitled to vote not less than a majority in aggregate principal amount of Outstanding Securities of a series represented
and voting at such meeting with respect to a meeting of holders of Outstanding Securities of such series.

 

Any
resolution passed or decisions taken at any meeting of holders of Securities duly held in accordance with this Section shall be binding
on all the holders of Securities of such series, whether or not present or represented at the meeting.

  

SECTION
8.10 Determination of Voting Rights; Conduct and Adjournment 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 holders of Securities 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 deem appropriate.

 

		(b)	The
                                            Trustee shall, by an instrument in writing, appoint a temporary chairman (which may be the
                                            Trustee) of the meeting, unless the meeting shall have been called by the Company or by holders
                                            of Securities of a given series as provided in Section 8.07(b) hereof, in which case the
                                            Company or the holders of Securities of such series calling the meeting, as the case may
                                            be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent
                                            secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority
                                            in principal amount of the Outstanding Securities of such series represented at the meeting.

 

		(c)	At
                                            any meeting, each holder of a Security of the series in respect of which such meeting is
                                            being held or proxy shall be entitled to one vote for each $1,000 principal amount of Securities
                                            of such series held or represented by him; provided, however, that no vote shall be cast
                                            or counted at any meeting in respect of any Security of such series challenged as not Outstanding
                                            and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting
                                            shall have no right to vote, except as a holder of a Security of such series or proxy.

 

		(d)	Any
                                            meeting of holders of Securities duly called pursuant to Section 8.07 hereof at which a quorum
                                            is present may be adjourned from time to time by Persons entitled to vote a majority in principal
                                            amount of the Outstanding Securities of the series in respect of which such meeting is being
                                            held represented at the meeting, and the meeting may be held as so adjourned without further
                                            notice.

 

SECTION
8.11 Counting Votes and Recording Action of Meetings.

 

The
vote upon any resolution submitted to any meeting of holders of Securities of a given 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
and serial numbers of the Outstanding 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, at least in
duplicate, of the proceedings of each meeting of holders of Securities of such series shall be prepared by the secretary of the meeting
and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and affidavits
by one or more Persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was
given as provided in Section 8.07 hereof and, if applicable, Section 8.09 hereof. Each copy shall be signed and verified by the affidavits
of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company and another to the Trustee
to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified
shall be conclusive evidence of the matters therein stated.

 

    26

     

    

  

ARTICLE
IX

 

SUPPLEMENTAL
INDENTURES

 

SECTION
9.01 Supplemental Indentures Without the Consent of Securityholders.

 

In
addition to any supplemental indenture otherwise authorized by this Indenture, the Company and the Trustee may from time to time and
at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act
as then in effect), without the consent of the Securityholders, for one or more of the following purposes:

 

		(a)	cure
                                            any ambiguity, correct or supplement any provision herein which may be inconsistent with
                                            any other provision herein or which is otherwise defective, or make any other provisions
                                            with respect to matters or questions arising under this Indenture which the Company and the
                                            Trustee may deem necessary or desirable and which shall not be inconsistent with the provisions
                                            of this Indenture;

 

		(b)	to
                                            comply with Article X;

 

		(c)	to
                                            provide for uncertificated Securities in addition to or in place of certificated Securities;

 

		(d)	to
                                            add to the covenants of the Company for the benefit of the holders of all or any Series of
                                            Securities (and if such covenants are to be for the benefit of less than all series of Securities,
                                            stating that such covenants are expressly being included solely for the benefit of such series)
                                            or to surrender any right or power herein conferred upon the Company;

 

		(e)	to
                                            add to, delete from, or revise the conditions, limitations, and restrictions on the authorized
                                            amount, terms, or purposes of issue, authentication, and delivery of Securities, as herein
                                            set forth;

 

		(f)	to
                                            make any change that does not adversely affect the rights of any Securityholder in any material
                                            respect;

  

		(g)	to
                                            provide for the issuance of and establish the form and terms and conditions of the Securities
                                            of any series as provided in Section 2.01, to establish the form of any certifications required
                                            to be furnished pursuant to the terms of this Indenture or any series of Securities, or to
                                            add to the rights of the holders of any series of Securities; or

 

		(h)	comply
                                            with the requirements of the Commission in order to effect or maintain the qualification
                                            of this Indenture under the Trust Indenture Act.

 

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

 

Any
supplemental indenture authorized by the provisions of this Section 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 9.02.

 

    27

     

    

 

SECTION
9.02 Supplemental Indentures With Consent of Securityholders.

 

With
the written consent of the holders of at least a majority in aggregate principal amount of the Outstanding Securities of any series or
by action at a meeting of holders of the Securities of such series in accordance with Section 8.09, by the holders of a majority in aggregate
principal amount of the Securities of such series then Outstanding represented at such meeting, the Company, when authorized by Board
Resolutions, and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall
conform to the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner not covered
by Section 9.01 the rights of the holders of the Securities of such series under this Indenture; provided, however, that no such supplemental
indenture shall, without the consent of the holders of each Security then Outstanding and affected thereby, (i) extend the fixed maturity
of any Securities of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest
thereon, or reduce any premium payable upon the redemption thereof, (ii) reduce the aforesaid percentage of Securities, the holders of
which are required to consent to any such supplemental indenture, or any consent or waiver, (iii) reduce the principal amount of discount
securities payable upon acceleration of the maturity of any Securities of any series or (iv) make the principal of or premium or interest
on any Security of a series payable in currency or currency units other than that stated in the Securities of such series.

 

It
shall not be necessary for the consent of the Securityholders of any series affected thereby under this Section to approve the particular
form of any proposed supplemental indenture, but it shall be sufficient if such consent shall approve the substance thereof.

  

SECTION
9.03 Effect of Supplemental Indentures.

 

Upon
the execution of any supplemental indenture pursuant to the provisions of this Article or of Section 10.01, this Indenture shall, with
respect to such series, be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of
rights, obligations, duties and immunities under this Indenture of the Trustee, the Company and the holders of Securities of the series
affected thereby 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
9.04 Securities Affected by Supplemental Indentures.

 

Securities
of any series affected by a supplemental indenture, authenticated and delivered after the execution of such supplemental indenture pursuant
to the provisions of this Article or of Section 10.01, may bear a notation in form approved by the Company, provided such form meets
the requirements of any exchange upon which such series may be listed, as to any matter provided for in such supplemental indenture.
If the Company shall so determine, new Securities of that series so modified as to conform, in the opinion of the Board of Directors
of the Company, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated
by the Trustee and delivered in exchange for the Securities of that series then Outstanding.

 

SECTION
9.05 Execution of Supplemental Indentures.

 

Upon
the request of the Company, accompanied by its Board Resolutions authorizing the execution of any such supplemental indenture, and upon
the filing with the Trustee of evidence of the consent of Securityholders required to consent thereto as aforesaid, the Trustee shall
join with the Company in the execution of such supplemental indenture unless such supplemental indenture affects the Trustee’s
own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion but shall not be
obligated to enter into such supplemental indenture. The Trustee, subject to the provisions of Section 7.01, may receive an Opinion of
Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or permitted by, and conforms
to, the terms of this Article and that it is proper for the Trustee under the provisions of this Article to join in the execution thereof;
provided, however, that such Opinion of Counsel need not be provided in connection with the execution of a supplemental indenture that
establishes the terms of a series of Securities pursuant to Section 2.01 hereof.

 

Promptly
after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Trustee
shall transmit by mail, first class postage prepaid, a notice, setting forth in general terms the substance of such supplemental indenture,
to the Securityholders of all series affected thereby as their names and addresses appear upon the Security Register. Any failure of
the Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental
indenture.

  

    28

     

    

 

ARTICLE
X

 

SUCCESSOR
ENTITY

 

SECTION
10.01 Company May Consolidate, Etc.

 

Nothing
contained in this Indenture or in any of the Securities shall prevent any consolidation or merger of the Company with or into any other
Person (whether or not affiliated with the Company) or successive consolidations or mergers in which the Company or its successor or
successors shall be a party or parties, or shall prevent any sale, conveyance, transfer or other disposition of the property of the Company
or its successor or successors as an entirety, or substantially as an entirety, to any other corporation (whether or not affiliated with
the Company or its successor or successors) authorized to acquire and operate the same; provided, however, the Company hereby covenants
and agrees that, upon any such consolidation or merger (in each case, if the Company is not the survivor of such transaction), sale,
conveyance, transfer or other disposition, the due and punctual payment of the principal of (premium, if any) and interest on all of
the Securities of all series in accordance with the terms of each series, according to their tenor and the due and punctual performance
and observance of all the covenants and conditions of this Indenture with respect to each series or established with respect to such
series pursuant to Section 2.01 to be kept or performed by the Company shall be expressly assumed, by supplemental indenture (which shall
conform to the provisions of the Trust Indenture Act, as then in effect) satisfactory in form to the Trustee executed and delivered to
the Trustee by the entity formed by such consolidation, or into which the Company shall have been merged, or by the entity which shall
have acquired such property.

 

SECTION
10.02 Successor Entity Substituted.

 

		(a)	In
                                            case of any such consolidation, merger, sale, conveyance, transfer or other disposition and
                                            upon the assumption by the successor entity by supplemental indenture, executed and delivered
                                            to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of
                                            the principal of, premium, if any, and interest on all of the Securities of all series Outstanding
                                            and the due and punctual performance of all of the covenants and conditions of this Indenture
                                            or established with respect to each series of the Securities pursuant to Section 2.01 to
                                            be performed by the Company with respect to each series, such successor entity shall succeed
                                            to and be substituted for the Company with the same effect as if it had been named as the
                                            Company herein, and thereupon the predecessor corporation shall be relieved of all obligations
                                            and covenants under this Indenture and the Securities.

  

		(b)	In
                                            case of any such consolidation, merger, sale, conveyance, transfer or other disposition such
                                            changes in phraseology and form (but not in substance) may be made in the Securities thereafter
                                            to be issued as may be appropriate.

 

		(c)	Nothing
                                            contained in this Article shall require any action by the Company in the case of a consolidation
                                            or merger of any Person into the Company where the Company is the survivor of such transaction,
                                            or the acquisition by the Company, by purchase or otherwise, of all or any part of the property
                                            of any other Person (whether or not affiliated with the Company).

 

SECTION
10.03 Evidence of Consolidation, Etc. to Trustee.

 

The
Trustee, subject to the provisions of Section 7.01, may receive an Opinion of Counsel as conclusive evidence that any such consolidation,
merger, sale, conveyance, transfer or other disposition, and any such assumption, comply with the provisions of this Article.

 

 

    29

     

    

 

ARTICLE
XI

 

SATISFACTION
AND DISCHARGE

 

SECTION
11.01 Satisfaction and Discharge of Indenture.

 

If
at any time: (a) the Company shall have delivered to the Trustee for cancellation all Securities of a series theretofore authenticated
(other than any Securities that shall have been destroyed, lost or stolen and that shall have been replaced or paid as provided in Section
2.07) and Securities for whose payment money or Governmental Obligations have theretofore been deposited in trust or segregated and held
in trust by the Company (and thereupon repaid to the Company or discharged from such trust, as provided in Section 11.05); or (b) all
such Securities of a particular series not theretofore delivered to the Trustee for cancellation shall have become due and payable, or
are by their terms to become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory
to the Trustee for the giving of notice of redemption, and the Company shall deposit or cause to be deposited with the Trustee as trust
funds the entire amount in moneys or Governmental Obligations sufficient or a combination thereof, sufficient (assuming that no tax liability
will be imposed on the Trustee) in the opinion of a nationally recognized firm of independent public accountants expressed in a written
certification thereof delivered to the Trustee, to pay at maturity or upon redemption all Securities of that series not theretofore delivered
to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity
or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable hereunder
with respect to such series by the Company then this Indenture shall thereupon cease to be of further effect with respect to such series
except for the provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10, that shall survive until the date of maturity or redemption
date, as the case may be, and Sections 7.06 and 11.05, that shall survive to such date and thereafter, and the Trustee, on demand of
the Company and at the cost and expense of the Company shall execute proper instruments acknowledging satisfaction of and discharging
this Indenture with respect to such series.

  

SECTION
11.02 Discharge of Obligations.

 

If
at any time all such Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become
due and payable as described in Section 11.01 shall have been paid by the Company by depositing irrevocably with the Trustee as trust
funds moneys or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of that series
not theretofore delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due
to such date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all
other sums payable hereunder by the Company with respect to such series, then after the date such moneys or Governmental Obligations,
as the case may be, are deposited with the Trustee the obligations of the Company under this Indenture with respect to such series shall
cease to be of further effect except for the provisions of Sections 2.03, 2.05, 2.07, 4,01, 4.02, 4.03, 7.06, 7.10 and 11.05 hereof that
shall survive until such Securities shall mature and be paid thereafter, Sections 7.06 and 11.05 shall survive.

 

SECTION
11.03 Deposited Moneys to be Held in Trust.

 

Subject
to Section 11.05, all moneys or Governmental Obligations deposited with the Trustee pursuant to Sections 11.01 or 11.02 shall be held
in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its
own paying agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or Governmental
Obligations have been deposited with the Trustee.

 

SECTION
11.04 Payment of Moneys Held by Paying Agents.

 

In
connection with the satisfaction and discharge of this Indenture all moneys or Governmental Obligations then held by any paying agent
under the provisions of this Indenture shall, upon demand of the Company, be paid to the Trustee and thereupon such paying agent shall
be released from all further liability with respect to such moneys or Governmental Obligations.

 

SECTION
11.05 Repayment to Company.

 

Any
moneys or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment
of principal of or premium or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders
of such Securities for two years after the date upon which the principal of (and premium, if any) or interest on such Securities shall
have respectively become due and payable, shall be repaid to the Company or (if then held by the Company) shall be discharged from such
trust in each case, promptly after the end of any such two-year period or, at the request of the Company, on a later date specified by
the Company; and thereupon the paying agent and the Trustee shall be released from all further liability with respect to such moneys
or Governmental Obligations, and the holder of any of the Securities entitled to receive such payment shall thereafter, as an unsecured
general creditor, look only to the Company for the payment thereof.

 

    30

     

    

 

ARTICLE
XII

 

IMMUNITY
OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS

 

SECTION
12.01 No Recourse.

 

No
recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or
otherwise in respect thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such,
of the Company or of any predecessor or successor corporation, either directly or through the Company or any such predecessor or successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise;
it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no
such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors
as such, of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities
or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by
constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder, officer or director
as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements
contained in this Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and released as a condition
of, and as a consideration for, the execution of this Indenture and the issuance of such Securities.

 

ARTICLE
XIII

 

MISCELLANEOUS
PROVISIONS

 

SECTION
13.01 Effect on Successors and Assigns.

 

All
the covenants, stipulations, promises and agreements in this Indenture contained by or on behalf of the Company shall bind its successors
and assigns, whether so expressed or not.

 

SECTION
13.02 Actions by Successor.

 

Any
act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or officer
of the Company shall and may be done and performed with like force and effect by the corresponding board, committee or officer of any
corporation that shall at the time be the lawful successor of the Company.

  

SECTION
13.03 Surrender of Company Powers.

 

The
Company by instrument in writing executed by authority of its Board of Directors and delivered to the Trustee may surrender any of the
powers reserved to the Company, and thereupon such power so surrendered shall terminate both as to the Company and as to any successor
corporation.

 

SECTION
13.04 Notices.

 

Except
as otherwise expressly provided herein any notice or demand that by any provision of this Indenture is required or permitted to be given
or served by the Trustee or by the holders of Securities to or on the Company may be given or served by being deposited first class postage
prepaid in a post-office letterbox addressed (until another address is filed in writing by the Company with the Trustee), as follows:
LiveOne, Inc., Attn: [    ], 269 S. Beverly Dr., Suite #1450, Beverly Hills, CA 90212. Any notice, election, request or
demand by the Company or any Securityholder to or upon the Trustee shall be deemed to have been sufficiently given or made, for all purposes,
if given or made in writing at the Corporate Trust Office of the Trustee. Any notice or communication to a holder shall be mailed by
first-class mail to his address shown on the Security Register kept by the Security Registrar.

 

Failure
to mail a notice or communication to a holder or any defect in such notice or communication shall not affect its sufficiency with respect
to other holders. If a notice or communication is mailed or sent in the manner provided above within the time prescribed, it is duly
given as of the date it is mailed, whether or not the addressee receives it, except that notice to the Trustee or the Company shall only
be effective upon receipt thereof by the Trustee or the Company, respectively. If the Company mails a notice or communication to holders
of Securities, it shall mail a copy to the Trustee at the same time.

 

SECTION
13.05 Governing Law.

 

This
Indenture and each Security shall be deemed to be a contract made under the internal laws of the State of New York, and for all purposes
shall be construed in accordance with the laws of said State.

 

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SECTION
13.06 Treatment of Securities as Debt.

 

It
is intended that the Securities will be treated as indebtedness and not as equity for federal income tax purposes. The provisions of
this Indenture shall be interpreted to further this intention.

  

SECTION
13.07 Compliance Certificates and Opinions.

 

		(a)	Upon
                                            any application or demand by the Company to the Trustee to take any action under any of the
                                            provisions of this Indenture, the Company, shall furnish to the Trustee an Officers’
                                            Certificate stating that all conditions precedent 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 documents
                                            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 in this Indenture shall include (1) a statement
                                            that the Person making such certificate or opinion has read such covenant or condition; (2)
                                            a brief statement as to the nature and scope of the examination or investigation upon which
                                            the statements or opinions contained in such certificate or opinion are based; (3) a statement
                                            that, in the opinion of such Person, he has made such examination or investigation as is
                                            necessary to enable him to express an informed opinion as to whether or not such covenant
                                            or condition has been complied with; and (4) a statement as to whether or not, in the opinion
                                            of such Person, such condition or covenant has been complied with.

 

SECTION
13.08 Payments on Business Days.

 

Except
as provided pursuant to Section 2.01 pursuant to a Board Resolution, and as set forth in an Officers’ Certificate, or established
in one or more indentures supplemental to this Indenture, in any case where the date of maturity of interest or principal of any Security
or the date of redemption of any Security shall not be a Business Day, then payment of interest or principal (and premium, if any) may
be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption,
and no interest shall accrue for the period after such nominal date.

 

SECTION
13.09 Conflict with Trust Indenture Act.

 

If
and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Sections 310 to 317,
inclusive, of the Trust Indenture Act, such imposed duties shall control.

 

SECTION
13.10 Counterparts.

 

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

 

SECTION
13.11 Separability.

 

In
case any one or more of the provisions contained in this Indenture or in the Securities of any series shall for any reason be held to
be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions
of this Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such invalid or illegal or unenforceable
provision had never been contained herein or therein.

 

SECTION
13.12 Assignment.

 

The
Company will have the right at all times to assign any of its rights or obligations under this Indenture to a direct or indirect wholly-owned
Subsidiary of the Company, provided that, in the event of any such assignment, the Company, will remain liable for all such obligations.
Subject to the foregoing, this Indenture is binding upon and inures to the benefit of the parties thereto and their respective successors
and assigns. This Indenture may not otherwise be assigned by the parties thereto.

 

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

 

	 	LIVEONE, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	[   ],	 
	 	As Trustee
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

 

33

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